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White House Will Add Pakistan To List Of Terror-Financing Nations

(Zero Hedge)  In a decision that comes as the directors of several US intelligence agencies testify before the Senate about various terrorism-related (and Russia-related) risks facing the US, Reuters is reporting that the Trump administration is moving to place Pakistan on a global watchdog’s terrorist-financing watchlist. Pakistan reportedly said it is “hopeful” it can stave […]

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A US jet destroyed a Russian T-72 battle tank in ‘self defense’ in Syria

(Business Insider)  A US jet operating in Syria destroyed a Russian-made T-72 battle tank near Al Tabiyeh, Syria on Saturday, a Pentagon spokesperson confirmed to Business Insider. “The tank had been maneuvering with coordinated indirect fire on a defensive position occupied by Syrian Democratic Forces and Coalition advisors,” US Marine Corps Major Adrian J.T. Rankine-Galloway […]

Business U.S. News

Oil World Turns Upside Down as U.S. Sells Oil in Middle East

(Bloomberg)  The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil. Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly […]

Business U.S. News

Cryptocurrency adoption on the horizon?  U.S. regulators to back more oversight of virtual currencies

WASHINGTON (Reuters) – Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a hotly anticipated congressional hearing on Tuesday. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, chairman of the Securities and Exchange Commission, will […]

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Davos: Trump lands in Switzerland to defend America First

(Daily Mail)  President Donald Trump landed on Thursday in Switzerland, where his outsized personality and determination to push an ‘America First’ agenda is already upending the annual Davos conference. To an extent, the annual confab of billionaires and CEOs was already centering around Trump even before Air Force One touched down in Zurich, then flew […]

Business U.S. News

Apple announces plans to repatriate billions in overseas cash, says it will contribute $350 billion to the US economy over the next 5 years

(CNBC)  Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy in part because of the new tax law. The headline from Apple is that it will make a $350 billion “contribution” to the U.S. economy over the next five years, although it’s unclear exactly how the company […]

U.S. News

U.S. oil industry set to break record, upend global trade

  HOUSTON (Reuters) – Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And this new record, expected within days, likely won’t last long. The U.S. government […]