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White House signals Western Wall has to be part of Israel

“The U.S. has never recognized Israeli sovereignty over territory occupied in 1967, including east Jerusalem” writes Ken Thomas for sun-sentinel.com. Pence plans to visit the Western Wall next week amid ongoing questions over whether the Trump administration will change longstanding U.S. policy by declaring the wall’s location to be Israel, versus Jerusalem. Source: sun-sentinel.com Share This:

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Is ‘Oumuamua’ an alien spacecraft? First scans show no signs of technology

“While the search for alien signals has so far found nothing in the 1.7 to 2.6GHz range, the rest of the data is still being processed” writes Ian Sample for theguardian.com. The first scans for alien technology aboard a mysterious object that is barreling through the solar system have found no evidence it is the work of an intelligent civilisation. Source: theguardian.com Share This:

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Futures News Oil Stocks 

Oil hits 2-week lows as US fuel stock build signals easing demand

“However, gasoline stocks rose by 6.8 million barrels and distillate inventories were up 1.7 million barrels, both exceeding expectations in a Reuters poll” reports foxbusiness.com. Brent crude futures were down $1.31, or 2.1 percent, at $61.55 a barrel by 12:43 p.m.U.S. crude production rose to 9.7 million barrels per day, another weekly record, though short of all-time records reached in the 1970s.Gasoline stocks tend to build in December, but at 221 million barrels of inventory, stocks are slightly above the five-year average for this time of year.U.S. oil production has…

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Bank stocks take flight as Washington signals regulatory rollbacks

“Bank stocks powered higher Wednesday as investors digested more business-friendly rhetoric from Washington” writes Andrea Riquier for marketwatch.com. Also on Tuesday, Keith Noreika, outgoing Comptroller of the Currency, said a decades-old law that encourages banks to form holding companies should be scaled back.Meanwhile, a tax-code overhaul that will likely increase deficits and kindle faster inflation, helping boost bank earnings, advanced in the Senate.The KBW Bank Index BKX, +2.70%   is up 5.4% for the week, while weekly increases for individual big banks ranged from 5.5% for Bank of America Corp.Those…

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North Korea missile test could be imminent as radio signals detected

“North Korea may be preparing another ballistic missile test after Japan detected suspicious radio signals coming from the secretive state” writes Tom Embury-dennis for independent.co.uk. Japan’s Kyodo news agency reported that the signals might be related to winter military training by the North Korean military instead. Source: independent.co.uk Share This:

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News Oil 

Shell signals return to pure cash dividend, focus on renewables

“Simon Gergel, U.K. Chief Investment Officer at Allianz Global Investors welcomed the removal of scrip dividend “which reflects their improving cash generation profile.”” writes unknown author for cnbc.com. Norway’s Statoil has also eliminated its scrip dividend.The Anglo-Dutch company said it will abolish its scrip dividend, through which investors can opt to receive dividends in shares or cash, in the fourth quarter of 2017.BP had pipped its rivals when announcing last month that it would resume share buybacks in the fourth quarter in order to offset the dilutive effect of the…

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Japan has detected preparations for a possible North Korean missile launch

“TOKYO/WASHINGTON (Reuters) – Japan has detected radio signals suggesting North Korea may be preparing another ballistic missile launch, although such signals are not unusual and satellite images did not show fresh activity, a Japanese government source said on Tuesday” writes Linda Sieg for businessinsider.com. The report also said the signals might be related to winter military training by the North Korean military. Source: businessinsider.com Share This:

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Trump signals openness to changes in GOP tax plan

“Last week Trump promised to “give the American people a huge tax cut for Christmas.”” writes Associated Press for sun-sentinel.com. Trump and Republicans have set as a vital political goal passage of tax overhaul legislation by the end of the year.President Donald Trump said Monday changes to the Republican tax bill are coming, as he looks to win over holdout GOP senators in an effort to pass the package by the end of the year.Trump is suggesting openness to making unspecified changes to the way millions of “pass-through” businesses are…

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Trump signals he’s open to changes in GOP tax plan

“Trump and Republicans have set as a vital political goal passage of tax overhaul legislation by the end of the year” writes Associated Press for suntimes.com. Last week Trump promised to “give the American people a huge tax cut for Christmas.”. WASHINGTON — President Donald Trump said Monday changes to the Republican tax bill are coming, as he looks to win over holdout GOP senators in an effortto pass the package by the end of the year. Source: suntimes.com Share This:

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