Today's Top Stories - November 27, 2014 


BEWARE THE BELL! MARKETS CLOSED FOR HOLIDAY: U.S. stocks gained on Wednesday, with the Dow and S&P 500 finishing at records, as investors considered reports on manufacturing and housing in assessing the strength of the U.S. economy More

EUROPE: European shares were slightly higher in morning trade on Thursday with investors reacting to fresh data from the euro zone and eyeing a decision from the Organization of the Petroleum Exporting Countries More

ASIA: Asian stocks were mixed on Thursday following a record close on Wall Street, with Japanese markets continuing to underperform due to a stronger currency More

OIL: Brent crude oil fell $2 to a four-year low under $76 a barrel as traders speculated that OPEC was unlikely to cut output to support prices at its Thursday meeting More

Banks including Barclays and Wells Fargo are facing potentially heavy losses on an $850 million loan made to two oil and gas companies, in a sign of how the dramatic slide in the price of oil is beginning to reverberate through the wider economy More

OPEC Gulf oil producers have reached a consensus not to cut oil output when OPEC meets on Thursday in Vienna, a Gulf OPEC delegate told Reuters More

Oil could plummet to $35 a barrel next year if OPEC doesn't reach an agreement by the spring, oil price tracker Tom Kloza said Wednesday More

GOLD: Gold dipped for a second session on Thursday, holding below $1,200 an ounce, as outflows resumed from the top bullion exchange-traded fund and traders remained cautious before an upcoming Swiss referendum on central bank bullion assets More

Copper fell to a three-week low on Wednesdayon the outlook for demand from top consumer China where economic growth has been slowing More

It hasn't been a great couple of years to be a gold bug. Since peaking at $1,923.70 per troy ounce in September 2011, gold has lost nearly 40 percent of its value. And while gold hasn't dropped dramatically this year, it has failed to gain back; But according to George Gero of RBC Capital Markets, the bullion trade is set to turn around in 2015 More

The euro fell against the dollar on Thursday after data showed Spanish consumer prices falling more than expected, firming up expectations that the European Central Bank will have to resort to more aggressive easing of monetary policy More

Another salacious legal divorce document is turning heads in the financial community Fresh off the Sage Kelly divorce drama at Jefferies, Delphi Financial Group founder and CEO Robert Rosenkranz is being accused by an alleged mistress of promising her $100,000 to not talk, according to a lawsuit citing by various media outlets More

400 top-earning Americans made $106 billion in 2010; up more than 20 percent from 2009, according to the latest data from the Internal Revenue Service More

Wal-Mart Stores Inc Chief Merchandising Officer Duncan Mac Naughton has decided to leave the retailer to pursue new opportunities, according to a company memo provided to media More


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  Quote OF THE DAY   



"There is a class of colored people who make a business of keeping the troubles, the wrongs and the hardships of the Negro race before the public. Having learned that they are able to make a living out of their troubles, they have grown into the settled habit of advertising their wrongs, partly because they want sympathy, and partly because it pays. Some of these people do not want the Negro to lose his grievances, because they do not want to lose their jobs. There is a certain class of race-problem solvers who don't want the patient to get well, because as long as the disease holds out they have not only an easy means of making a living, but also an easy medium through which to make themselves prominent before the public."


-- Booker T. Washington in his 1911 book, My Larger Education





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