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Today's Top Stories - August 26, 2016  

Beware The Bell! U.S. stock index futures indicated a higher open on Friday as traders anticipated Fed Chair Janet Yellen's speech in Jackson Hole, Wyoming More

Europe: European stocks were flat on Friday as investors remain on the sidelines amid continued debate among Federal Reserve officials over the timing of a U.S. rate hike and ahead of a speech by the central bank's chair Janet Yellen later in the day More

Asia: Asia markets closed mostly lower on Friday, with Japanese stocks selling off more than 1 percent after soft inflation data prompted concerns over the effectiveness of government stimulus More

Oil: Oil fell on Friday and was set for its largest weekly decline in a month after the Saudi energy minister cooled expectations that top producers might agree next month to curb crude output levels More

Gold: Gold edged higher on Friday as markets braced for a speech by Federal Reserve chair Janet Yellen later in the session, which is being closely watched for clues on the direction of U.S. interest rates More

Iran says will cooperate with OPEC to stabilize the oil market More

Google Fiber is pulling back on its broadband rollout as pressure grows to cut costs For the past year, Ruth Porat, the CFO of Google and its parent Alphabet, has told Wall Street that Google Fiber is her most expensive unit outside of the core business — and is well worth the costs …. Her bosses may be telling Fiber employees the opposite More

Trader bets $2 million on Wal-Mart rally This year's rally in Wal-Mart is set to continue, according to one trader who bet nearly $2 million on the stock this week More

States face pension fund gap approaching $1 trillion After years of not setting aside enough money, state pension funds are looking at a $1 trillion shortfall in what they owe workers in benefits, according to a new analysis from The Pew Charitable Trusts More

World’s biggest pension fund blames $52 billion quarterly loss on Brexit The massive paper losses suffered by Japan’s Government Pension Investment Fund (GPIF) in the April to June quarter of 2016 almost matched the $50 billion losses it recorded in the 2015-16 financial year — its worst year since the global financial crisis More

Apple issues global iPhone security update for unprecedented Middle East spyware A botched attempt to break into the iPhone of an Arab activist using hitherto unknown espionage software has trigged a global upgrade of Apple's mobile operating system, researchers said Thursday More

WhatsApp users just got a taste of the old dictum, "If you're not paying for the product, you are the product." And not everyone liked it The messaging giant announced on Thursday that it would share its huge database of users' mobile numbers with Facebook. The social media company announced in 2014 that it was buying WhatsApp for $19 billion, a deal that later grew to $22 billion as the value of Facebook's stock rose More

CBO: Federal Debt to Hit $28.2 Trillion Over Next Decade At the end of this year, outstanding federal debt is expected to climb to $19.4 trillion and to rise by $8.8 trillion in the next ten years More

Latest case of government oversight comes in the form of more than $146 billion in misused funds In the most recent episode of government oversight, the Department of Defense exhibited a serious financial management blunder as it was revealed this week the Pentagon misused more than $146 billion in funds designated for wartime readiness expenses and instead spent it on basic military operations More

Target Boycott Over Bathroom Policy is Costing The Retailer More Than Anyone Expected: Decreased earnings and at least $20M so far More

Dollar Tree, Family Dollar combined sales nearly top $5 billion last quarter Dollar Tree executives say the discount chain that merged with Family Dollar a year ago sold nearly $5 billion worth of goods in the second quarter, earning a profit of $170.2 million More


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