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Today's Top Stories - May 23, 2016  

Beware The Bell! U.S. stock index futures rose early today, as oil prices came off session lows and traders mulled more hints of near-term monetary policy tighteningclass=“RedHead” More

Europe: European stocks seesawed on Mondayas investors digested a mixture of a fall in oil prices, positive data out of France and Germany and the prospect of a U.S. rate hike in June More

Asia: Asia markets closed mixed on Monday, with Japan's shares dropping amid renewed strength in yen as fresh data showed the country's exports continued to fall More

Oil: Oil prices fell in Asian trade on Monday on a strong dollar and signs that global crude supply is holding up even as volumes hit by unplanned outages rise to at least five-year highs More

Gold: Gold was steady on Mondayas the dollar eased and Asian stocks firmed, with the metal holding near three-week lows on growing expectations the U.S. Federal Reserve will hike interest rates as early as June More

IRS Paid Out More than $23 Billion in Bogus Tax Credits Last Year The Internal Revenue Service hands out billions of dollars in improper tax credits each year and, according to the Treasury Inspector General for Tax Administration, last fiscal year was no different More

Gallup: 60% of Americans Have Positive Image of Capitalism According to Gallup, “Americans’ image of socialism is no better now than it was six years ago.” Indeed, it is slightly worse. Back in 2010, a greater percentage (36%) of Americans had a positive view of socialism than do today (35%), and in 2012, 39 percent of Americans had a positive view of socialism, denoting a four percent drop between then and now More

Fed's Bullard sees tight US labor market putting upward pressure on inflation A relatively tight labor market in the United States may put upward pressure on inflation, raising the case for higher interest rates, St. Louis Federal Reserve President James Bullard said on Monday More

Week ahead will tell whether markets challenge Fed The key to the coming week will be about whether markets can absorb the Fed's rate hike message without getting indigestion More

Europe's 50-Year Bonds Signal Decades Long Slump More

Germany's Bayer reveals $62B all-cash offer for US agri-chem giant Monsanto Bayer announced Monday it has offered $122 per share for Monsanto in an all-cash deal that values the U.S. agri-chemlicals company at $62 billion More


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