Today's Top Stories - October 23, 2014 


BEWARE THE BELL! U.S. stock index futures are pointing to a higher open on Wall Street on Thursday after better-than expected PMI data from China and the euro zone More

EUROPE: European shares moved lower in mid-morning trade on Thursday despite better-than-expected economic data. Shares in U.K. retailer Tesco dropped more than 6 percent on news that its profit overstatement was worse than originally feared More

ASIA: Asian equities declined on Thursday as investors focused on key Chinese manufacturing data and sliding oil prices More

OIL: Brent crude reversed early losses to edge up towards $85 a barrel on Thursday as better than expected factory data from China countered concerns over rising supply More

GOLD: Gold prices eased on Thursday as better-than-expected euro zone business activity data lifted stock markets from early lows, while the dollar index held near its highest in a week and demand for the physical metal softened More

Bank of America customers double-charged for Apple Pay purchases; Some Bank of America customers have been double-billed for purchases made using Apple Pay, the new mobile payments system that debuted this week, the Charlotte bank said Wednesday More

McDonald's Corp reported a 30 percent fall in quarterly profit, hurt by a food scandal in China and intense competition in the United States More

Here's what might rattle the markets today Strategists said stocks could continue a pattern of consolidation Thursday, after the massive spring back rally earlier in the week More

Eli Lilly said its quarterly earnings plunged 58 percent, hurt by special charges and generic competition for its Cymbalta depression drug, but it affirmed its earlier full-year profit forecast More

Lloyds Banking Group said to cut 9,000 jobs in next three years: Lloyds Banking Group, one of the largest high street banks in Britain, Wednesday is reported to cut about 9,000 jobs, or 11 percent of its workforce, in the next three years. 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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