The U.S. is well-placed to overtake the likes of Saudi Arabia and Russia as the world’s leading energy producer over the next 12 months, according to the latest monthly report from the International Energy Agency (IEA). “This year promises to be a record-setting one for the U.S.,” the IEA said […]
FAN Editor
Trump speeds up move of U.S. Embassy to Jerusalem
The Trump Administration is speeding up its plans to move the U.S. Embassy in Israel from Tel Aviv to Jerusalem, with plans to open the new diplomatic post in 2019. This is a change from what Secretary of State Rex Tillerson and other Trump administration officials had previously said when […]
New Zealand prime minister announces pregnancy
WELLINGTON, New Zealand – New Zealand’s prime minister announced on Friday that she is expecting her first child in June. Jacinda Ardern, 37, took office in October. Speculation swirled around whether she would start a family soon when she took over the leadership of her then-opposition Labour Party last year. […]
Oil prices fall over 1 pct on recovery in U.S. output
Oil prices dropped more than 1 percent on Friday as a bounce-back in U.S. production outweighed ongoing declines in crude inventories. Continue Reading Below If Friday’s falls last, this week will see the biggest weekly price declines since October. Brent crude futures were at $68.65 a barrel at 0802 GMT, […]
The Week Ahead-Where Netflix goes, Big Tech may follow
Netflix’s quarterly report on Monday may offer an advanced preview of whether Facebook, Amazon.com and other heavyweights behind much of the U.S. stock market’s record-breaking rally can keep delivering. Continue Reading Below Many of the S&P 500’s largest companies – Microsoft, Apple, Alphabet, and Amazon.com – have outperformed in the […]
Anti-smoking plan may kill cigarettes–and save Big Tobacco
WASHINGTON – Regulatory moves that could one day make smoking an obsolete habit get underway next week when U.S. regulators hold a public meeting on a closely watched cigarette alternative. Continue Reading Below The proposal from the Food and Drug Administration is two-fold: cut nicotine levels in cigarettes so that […]
10-year Treasury yield jumps to its highest level since 2014
The yield on the U.S. 10-year Treasury jumped to its highest level since 2014 on Friday morning, underlining a wider move in bond markets caused by central banks moving away from financial crisis policies. The yield, which moves inversely to the price, rose to 2.642 percent from 2.611 percent on […]
Most Asian markets carve out moderate gains as US yields edge up
Most major indexes in Asia closed with gains on Friday although the Australian benchmark tracked lower. Wall Street, for its part, closed its Thursday session with slight losses amid political concerns. Japan’s benchmark Nikkei 225 rose 0.19 percent, or 44.69 points, to close at 23,808.06. Financials closed higher on the […]
Here are some explosive allegations from the latest testimony on the Trump dossier
The latest congressional testimony about an infamous opposition-research dossier on Donald Trump is full of explosive allegations and suggestions about the real estate magnate-turned-president’s potential dealings with organized crime figures, the sources of his often-bragged-about wealth and potential entanglement between Russia and the National Rifle Association. In the November testimony […]
Service members punished for bringing women back to Panama hotel during Pence trip
Four U.S. service members who were removed from Vice President Mike Pence’s communications team after bringing women back to their Panama hotel rooms in August have been punished. Three Army soldiers have received General Officer Memorandums of Reprimand, Army spokeswoman Adrienne Combs told ABC News. The reprimand can impact promotions, […]