Today's Top Stories - November 24, 2014 


BEWARE THE BELL! U.S. stock index futures followed European and Asian bourses higher on Monday, despite a new survey showing that global business confidence had slumped to a five-year low More

EUROPE: European shares were higher in morning trade on Monday with sentiment boosted by speculation of more credit easing in the euro zone and better-than-expected data from Germany More

ASIA: China's surprise interest rate cut spurred Asian indices on Monday, mirroring a positive session on Wall Street last Friday More

OIL: Brent crude oil stabilized around $80 a barrel on Monday as world powers met in Vienna for the final day of talks on Iran's nuclear program ahead of a key meeting of producer group OPEC to discuss production More

Will OPEC cut production to stop oil's slide? More

In the latest contribution to the heated debate over the price of oil, HSBC has trimmed its forecast for Brent crude next year by $5, but added that it was not convinced of persistent weakness throughout 2015 More

Look out below! What happens if OPEC makes no cuts Oil prices could plunge if OPEC does not agree on an output cut when it meets this week, market players say More

This is the tailwind for stocks in the week ahead; The big event for financial markets is the Thanksgiving Day meeting of OPEC, which may or may not cut production to boost world oil prices. Whatever the cartel does stands to surprise markets and create volatility, since there is such a split in expectations on Wall Street More

GOLD: Gold edged down on Monday, as the dollar strengthened, but prices were still within reach of a three-week high after a surprise rate cut in China raised hopes that demand for bullion in the top consumer would increase More

Unusual gold moves in Asian hours puzzle jittery traders More

The Dutch Central Bank says it has recently shipped 122.5 tons of gold worth around 4 billion euros ($5 billion) from safekeeping in New York back to its headquarters in Amsterdam; In a statement Friday morning the bank said that its 612.5-ton national gold reserve is now divided 31 percent in Amsterdam, 31 percent in New York, 20 percent in Ottawa, Canada and 18 percent in London More

Investing: Gold is cheap. Is that good? More

New F-150: Better fuel economy, but not top in trucks More

People love this toxic fish... and we're eating too much of it 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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