Today's Top Stories - October 17, 2014 


BEWARE THE BELL! U.S. stock index futures are signalling a higher open following better-than-expected earnings and economic data from the U.S. More

EUROPE: Europe shares were sharply higher in morning trade on Friday with investors searching for bargains after heavy selling and reassuring words from members of the Federal Reserve helping to boost sentiment More

ASIA: Asian bourses mirrored the choppy trade overnight in the U.S., with Shanghai, Tokyo and Seoul erasing morning gains to trade lower on Friday, as investors fears of a slowing global growth trumped relief over better economic data from the U.S. More

OIL: Oil got some respite on Friday from a four-month rout, with Brent climbing by almost a dollar to above $86 a barrel after positive U.S. data buoyed global financial markets, although market analysts doubted the rally would take it much higher More

GOLD: Gold held steady on Friday and was poised for a second straight week of gains as persistent fears over the health of the world economy took a toll on global equities and the dollar, bringing in safe-haven bids for the metal More

SIM: The ‘knockout’ feature Apple didn’t mention: A preinstalled data-only SIM card has been inserted into the $499 iPad Air 2, and allows users to change carriers at the tap of a finger. It's available in the U.S. on AT&T, Sprint and T Mobile, and in the U.K. on EE More

Chiquita board rejects $14-per-offer from two Brazilian companies to buy the Charlotte-based banana company More

Short sellers are moving in...and cleaning up The turmoil in global equity markets this week might have left traders moving to safe havens, but some savvy investors have been loading up on the short side of the trade More

Markets back to reading Fed's economic tea leaves More

Gloves off over oil: Saudi Arabia versus shale … Oil prices might have halted their earlier slide below $80 a barrel this week but analysts believe the dog fight between major oil producers over reducing the supply of oil could lead to lower prices yet More

Southwestern Energy acquires Chesapeake Energy assets in $5.375 BILLION deal: The sold assets, are located in northern West Virginia and southern Pennsylvania, include 413,000 acres and 1,500 wells. More


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  Quote OF THE DAY   



"One of the curious aspects of the Tea Party’s emergence during the past four years is the extent to which the mainstream media have fostered the idea that this political phenomenon represents a kind of radicalism. Certainly, some politicians of the so-called Tea Party have tossed out ideas and expressions that have been silly and warped. Does that mean, though, that the Tea Party, as a broad political movement, is radical?


"The answer is no. The Tea Party is a reactive movement, aimed at protecting the political mainstream from radical ideas, initiatives and policies of the left. Indeed, a review of American politics over, say, the last 50 years reveals that, to the extent America has been grappling with radicalism, it has been coming from the left. Then, as these ideas have gained traction through the agitations of the country’s liberal establishment, that establishment promptly labels those who resist as radicals."


~ Robert W. Merry, Political Editor, The National Interest





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