Today's Top Stories - October 20, 2014 


BEWARE THE BELL! U.S. stock index futures turned negative ahead of the open on Wall Street on Monday as IBM posted earnings that badly missed estimates, raising concerns that last week's volatility would continue More

EUROPE: European shares were lower on Monday with investors reacting to corporate earnings and acquisition deals rather than the positive trend set in Asian markets More

ASIA: Asian equities enjoyed a broad-based rally on Monday, tracking a strong U.S. lead, with investor attention focused on developments in China More

OIL: Brent crude futures edged higher on Monday, holding on to gains scored in the previous session that took it above $86 a barrel after robust U.S. data buoyed global financial markets, with a cut in Saudi-Kuwait oil output providing further support More

GOLD: Gold edged up on Monday towards a one-month high, recovering from earlier losses, as concerns about a slowdown in the global economy persisted despite strong U.S. data More

IBM on earnings: We're disappointed with performance IBM posted earnings that fell short of analysts' expectations, after seeing a "marked slowdown" in September. More

IBM said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing, mobile and big data analytics More

Are consumers ready to cast off their credit cards in favor of a smartphone application? Here is how Apple Pay works: users walk up to a checkout line while hold their iPhone 6 or iPhone 6 Plus up to a special reader. By simply pressing the fingerprint sensor, the transaction is completed More

Brace for the tax-break smackdown:  There may be fewer changes to the federal tax code this year than in 2013, but the handful that exist could still impact what you owe. Some, like the new health insurance tax credit, could put more jingle in your pocket, while the expiration of more than four dozen temporary tax breaks that Congress has yet to renew might instead leave students, teachers, retirees and homeowners out in the cold More

The American retirement crisis is here, said Larry Fink, the man who runs the world's largest money manager Fink believes not enough Americans have prepared for their sunset years, and it will eventually cost them and the government 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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