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Today's Top Stories - May 25, 2016  

Beware The Bell! U.S. stock index futures indicated a slightly higher open today, continuing a "risk-on" rally in global indexes after positive economic data, rising oil prices, and a new debt deal for Greece More

Europe: European stocks extended gains Wednesday, boosted by a new debt deal for Greece and rising oil prices More

Asia: Asia markets mostly closed higher on Wednesday,with Hong Kong leading gains and several major indexes advancing more than 1 percent each, tracking Wall Street's rise on solid housing data More

Oil: Oil rose towards $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrinking supply will help erode any overhang of unwanted crude, particularly after industry data showed a sharp fall in U.S. inventories More

Gold: Gold fell to a seven-week low on Wednesday after upbeat U.S. home sales data in the previous session boosted expectations that the Federal Reserves will press ahead with interest rate hikes in the near term More

$15 per hour minimum wage is a jobs killer, says Former McDonald's USA CEO Ed Rensi …$35,000 robot is cheaper More

‘Run for cover’ if you’re short on markets: Gartman Dennis Gartman of the Gartman Letter told CNBC on Wednesday that Monday and Tuesday's market gains could continue for the next couple of weeks More

Microsoft cutting 1,850 smartphone jobs, sees $950M charge The company said on Wednesday that it would eliminate up to 1,850 jobs as a result of the cutbacks, about 1,350 of them in Finland, where the mobile business that Microsoft acquired from Nokia a couple of years ago originated More

‘Don’t laugh’—Here’s why a Trump presidency may be good for the economy Donald Trump may better serve the U.S. economy than Hillary Clinton as president, as the presumptive Republican nominee is more likely to introduce fiscal stimulus, a well-known market strategist told CNBC on Wednesday More

Loan defaults spike at Gulf banks after oil slump More than two-thirds of Gulf banks reported an increase in unpaid loans in the first three months of the year and more defaults are likely as oil-dependent governments slash spending to adjust to lower crude prices More

Oil prices will 'grind higher' and don't expect a smooth ride: Citi's Kleinman Crude oil inventory drawdowns, supply outages and oil worker strikes are happening all over the world and are likely to prove beneficial to oil prices this year, the head of European energy research at Citigroup said on Wednesday More

As traders watch oil, markets start to hear different drummer A move higher in oil prices could continue to support stocks Wednesday, as markets dance around growing expectations for a Fed rate hike More

US govt wastes billions running ancient computers: Report The government is spending about three-fourths of its technology budget maintaining aging computer systems, including platforms more than 50 years old in vital areas from nuclear weapons to Social Security. One still uses floppy disks More

Exxon Investors Seek Assurance as Climate Shifts, Along With Attitudes More


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