Today's Top Stories - October 2, 2014 

 

BEWARE THE BELL! Wall Street looked set for a weak open on Thursday, with investors nervous ahead of official employment data and as the Ebola epidemic weighed on global sentiment More

Stocks got slammed but can they snap back? The stars aligned against stocks Wednesday, but the market could snap back as traders count down to the September employment report More

EUROPE: European shares extended losses in morning trade on Thursday,amid a wider global selloff, as investors focused on a European Central Bank (ECB) meeting and weaker commodity prices More

ASIA: Asian stocks dropped on Thursday following weak global data and continued unrest in Hong Kong, while investors awaited the European Central Bank's policy meeting More

OIL: Brent crude futures hovered near $94 a barrel on Thursday and were close to their lowest level in more than two years, reflecting sustained pressure from plentiful global supply and weak demand conditions in Europe and China More

GOLD: Gold added to overnight gains on Thursday, buoyed along with other safe-haven assets, as weak global manufacturing data and the first diagnosis of Ebola in the United States unnerved equities More

Subprime Loans Are Back Thanks to GM: The unstable subprime loans that cratered the housing market are making a come back in the U.S. auto market - "It's becoming Fannie Motors" More

Argentina bank governor resigns; after less than a year in the job, as the country's economic troubles pile up More

How the Jobless Rate Underestimates the Economy’s Problems; The answer, broadly speaking — as you'd expect, there was a fair bit of "on-the-one-hand-on-the-other-hand" — was that there's considerable slack, in terms of underutilized resources, in the American economy in general and the labor market in particular More

Five reasons Americans can’t find jobs; the Labor Department is expected to report the economy added about 215,000 jobs in September, about half of what is needed each month to bring unemployment down to pre-financial crisis levels The official unemployment rate is 6.1%, but the real jobless rate is likely closer to 20 percent, and the root cause is slow economic growth More

Russian President Vladimir Putin pledged that the country would continue to develop as an open market, but fired a broadside at the U.S. by halting the use of the dollar for trade More

RadioShack hoping for a Christmas miracle A little girls' toy that hopes to tap into the hot construction trend. A robotic ball that's controlled remotely by wireless devices, and syncs to games downloaded in the app store. A camera lens that can snap onto a user's smartphone, or detach and sync to their device for aerial shots. Could one of these gadgets be the Christmas miracle RadioShack is hoping for? More

The Decline of U.S. Saving and Investment The Tax Foundation's Alan Cole, an economist, posted a 'must read' Fiscal Fact (No. 439, October 2014) today, writing that because of the decline of U.S. saving and investment, the nation is "losing the future." Here is how Cole introduces the paper More

OBAMASCARE …

60% of Voters Want Obamacare to Be Repealed - Poll More


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