The U.S. Army selected Bell, a Textron Inc. and Sikorsky, a business unit of Lockheed Martin, to build and test versatile, lethal and sustainable competitive prototype for the Future Attack Reconnaissance Aircraft program. According to the Army’s officials, prototypes of a are new lethal rotorcraft scheduled to first fly in 2023. As part of the U.S. government’s Future Vertical Lift (FVL) family of programs, the Future […]
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Oil prices extended gains overnight, along with the rest of the markets, on hope The Fed’s buying will work and optimism that US Congress will agree a bigly Stimulus Bill and helped by a surprise crude draw reported by API. But early on this morning that all started to fall apart and WTI plunged back to a $23 handle after the boss of Vitol Group said […]
Approximately 19% of those who contract coronavirus become seriously ill, according to a large Chinese study, while just under 14% fall into the ‘severe’ category, and 5% become critical – typically requiring a ventilator to breathe while suffering from multiple organ dysfunction. And while the overall fatality rate is a matter of serious debate as many suspect vast underreporting of cases, for those who fall into […]
With Russia-Saudi (supply) standoff continuing and the global demand suck as nation by nation locks down from Covid-19, oil prices collapsed to their lowest since 2002 (with WTI trading with a $24 handle)… API DOE Crude +1.954mm (+3.1mm exp) Cushing +563k Gasoline -6.18mm (-2.4mm exp) Distillates -2.94mm (-2.3mm exp) As opposed to API’s surprise draw, DOE data confirmed analysts’ expectations for an 8th weekly build in […]
Oil’s modest rebound from its biggest crash in decades on Saudi-Russia price war escalations has faded notably overnight as OPEC now sees a whopping 94% drop in 2020 global oil demand growth in response to the economic impact of the coronavirus even as global oil supply is set to explode. Prices are not plunging yet, but in order for prices to move even lower and stay […]
Oil prices screamed higher (partly in response to investors’ rising skepticism about the escalating war of words between key oil exporters Saudi Arabia and Russia) bouncing after yesterday’s carnage. Today’s most notable headline was OXY cutting its dividend (by 86%), but that failed to worry bullish oil machines who bought with both hands and feet today. Bloomberg’s Liam Denning noted: Oxy’s decision to stretch itself to […]
Netanyahu Pledges To Build 3,500 Illegal Homes In Key West Bank Area By Staff, Telesurenglish.net March 3, 2020 Netanyahu Pledges To Build 3,500 Illegal Homes In Key West Bank Area2020-03-032020-03-03https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/03/192d45b7-53a5-412a-8263-44ba407cd010.jpeg200px200px Above Photo: An Israeli flag flies on a hill outside the Jewish settlement of Kfar Adumim in the West Bank, south of Jerusalem and overlooking the Jordan Valley. | Photo: EFE Israeli Prime Minister Benjamin Netanyahu announced Tuesday […]
Oil prices have been volatile in the last few days, rallying on an OPEC+ committee recommendation that the group agree to production cuts of up to one-million barrels per day (but Russia still on the fence about deeper cuts) when the group meets later this week. “Concerns of weak demand are still present. We’ll be looking to see if exports slowed due to the coronavirus,” says Phil Flynn, senior […]
Albanian prime minister and OSCE chairperson-in-office Edi Rama has said that the Minsk agreements on the Ukraine conflict “need to be implemented” in their current form in order to “build trust” before they can be reviewed. Speaking to RT, Rama said the Ukraine crisis was the main security challenge for the continent and that his top priority is to make improvements for “the people on the […]
Oil prices roundtripped overnight after running back above $50 following the smaller-than-expected API-reported crude build, sliding back lower overnight, and ramping back to $50.00 ahead of the official government data thanks to promises from OPEC+ that they will meet, despite the virus concerns: “The OPEC secretariat is in contact with the authorities in the city of Vienna on the recent reported cases of infections in Austria,” […]
Oil prices plunged today as the U.S. Centers for Disease Control and Prevention (CDC) warned Americans to brace for an outbreak at home. “This virus has had a violent effect across markets”, said David Tawil, president of Maglan Capital in New York. “There may be more shocks to come as the virus spreads, prolonging the time for oil to regain its footing. No one knows how long or […]
Bruce Fenton is CEO of Chainstone Labs which owns Atlantic Financial, the Satoshi Roundtable and Watchdog Capital, an SEC registered broker-dealer. In 1602, the Dutch East India Company launched a new structure of ownership called the joint stock company. For the first time, investors could own and trade small pieces of businesses called shares. This invention changed the world. Securities are one of the most crucial […]
Israeli PM Benjamin Netanyahu said on Tuesday he was moving forward with a plan to build some 3,500 homes for Jewish settlers on the outskirts of Jerusalem. “I have given instructions to immediately publish for deposit the plan to build 3,500 housing units in E-1,” Netanyahu said. He referred to a preliminary stage of the project which had been delayed for six and a half years […]
The U.S. may soon get its first dedicated bank for digital assets. A Wyoming corporation founded by blockchain legislative champion and Wall Street veteran Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking. The future bank is called Avanti, which means “forward” in Italian, and will be focused solely on providing regulated services for digital […]
Congratulations, Tesla! You now have the approval of a German court to continue cutting down a massive local forest that has stood in Germany for hundreds of years! Ah, yes, the sweet smell of saving the planet! Tesla has reportedly “overcome a legal roadblock” in the building of its German Gigafactory, as a German court ruled on Thursday that Tesla can “can resume cutting down trees at […]
So, here’s something you haven’t heard unless you read ZeroHedge. Several companies, as far as what we can see, are racing to build the next generation of wearable air purifiers for the face to block germs and dirty air, just because legacy masks aren’t effective. In the wake of the Covid-19 outbreak in China, South Korea, Japan, and quickly spreading across the world, personal protective gear sales […]
Saudi Arabia plans to build 60 new hotels to host the leaders of the G20 summit, slated to occur in Riyadh at the end of 2020, at which finance officials are due to discuss the global economy, The New Khalij reported on Friday. Fahd Tunis, a consultant for the Royal Court, informed Bloomberg that eight of these hotels will be ready ahead of the arrival of the […]
Oil prices continued to surge overnight, despite a bigger than expected crude inventory build reported by API. Up 7 days in a row, WTI has topped $54 on signs of tighter global supply and hopes that Chinese economic stimulus will cushion fuel demand from the impact of the coronavirus. “The recent bounce-back in oil prices has been driven by a combination of sentiment and supply factors,” […]
Oil climbed to the highest level this month amid U.S. sanctions on Rosneft Trading and mounting tensions in Libya threatened global crude supply and the ongoing optimism that the peak impact of the virus on China demand is behind us. “It’s a big turnaround,” said Mike Hiley, head of OTC energy trading with LPS Partners. “There’s no doubt the market is getting a lift from Libya and sanctions.” […]
Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early stage startups with Slow Ventures. This is the big question facing the cryptocurrency and blockchain technology world. For some, it is the elephant in the room. For others, it is the […]
Egyptian cabinet yesterday said that a new military base would be built on the country’s eastern border to secure the Suez Canal. Local official sources told The New Khalij that the new base would be located in the Ismailia governorate’s Abu Sultan, adding that it would be built along an area of 160,000 acres. The sources provided details about neither the date of the base opening […]
A group of trading vets from NASDAQ, Visa and Morgan Stanley say they’ve built a liquidity solution for the world’s disparate cryptocurrency markets. After 18 months of development, their project, Apifiny, came out of stealth Wednesday with a new platform targeting exchanges hampered by low liquidity: ExOne. It is an emerging finances back-end tool tied to technological advances in traditional markets, which, despite their off-chain standing, […]