SpaceX launched its 15th rocket this year on Wednesday, the National Space Council met last week for the first time in nearly a quarter-century and satellites the size of shoeboxes are vaulting into orbit. The cost of space access is plummeting. Morgan Stanley estimates the space industry, worth about $350 […]
FAN Editor
Pound jumps versus dollar on report UK may get 2-year Brexit extension
The British pound erased earlier losses against the dollar on Thursday after a German newspaper Handelsblatt reported the United Kingdom could stay in the European Union for another two years. Sterling traded 0.42 percent higher at $1.3276 versus the greenback. “This maybe eases the tensions in the negotiations and gives […]
A timeline of the Dakota Access oil pipeline
Notable events in the dispute over the Dakota Access oil pipeline. ——— Dec. 2014 — Dallas-based Energy Transfer Partners applies to the federal government to build the 1,200-mile, $3.8 billion Dakota Access pipeline to carry half a million barrels of North Dakota oil daily through the Dakotas and Iowa to […]
Stocks will be just fine even if tax reform doesn’t go through, Credit Suisse says
Contrary to popular belief, stocks haven’t really risen on the prospect of tax cuts and they may not see a big bounce higher if Congress ultimately approves tax cuts, according to Credit Suisse. Even President Donald Trump tweeted this week that he needs Congress to approve taxbreaks and reform to […]
Ryan backs free speech amid Trump threat
House Speaker Paul Ryan affirms his support for the First Amendment amid the president’s threats to yank NBC’s broadcast license. Ryan told journalists Thursday, “I’m a constitutional conservative, I’m for the First Amendment.” The First Amendment to the Constitution protects the freedom of the press. Ryan added, “I don’t always […]
IMF head Lagarde warns of rising risks to global economy
WASHINGTON – The head of the International Monetary Fund says a number of threats could derail the global economic recovery. That’s despite signs that 2017 will be the best year of the decade. Continue Reading Below IMF Managing Director Christine Lagarde is warning that global financial leaders need to beware […]
North Dakota landowners’ lawsuit against pipeline dismissed
BISMARCK, N.D. – A federal judge has dismissed a lawsuit filed by nearly two dozen North Dakota landowners who alleged the developer of the Dakota Access oil pipeline and a consultant used deceit and fraud to acquire private land easements for the project. Continue Reading Below But a court case […]
GM to cut production at Detroit car plant
Updated Continue Reading Below General Motors (GM) said Thursday it will cut production at a Detroit-area plant in response to sluggish demand for passenger cars. The nation’s largest automaker plans to temporarily shut down its Detroit-Hamtramck assembly plant from Nov. 13 through the Christmas break, according to a company spokesperson. […]
Hacked again? Equifax shares drop after possible new cyberbreach
Equifax shares dropped as much as 3.5 percent Thursday after it said it has disabled one of its customer help online pages and is investigating another possible cyberbreach. The consumer credit reporting company said its security teams are looking into another possible breach barely one month after it disclosed a […]
This Dow stock just entered into a ‘death cross’
Shares of Nike just entered into a technical crossover that has some worried about further downside for the stock. On Wednesday, Nike moved into a “death cross,” an indicator in the charts that occurs when a stock’s 50-day moving average breaks below its 200-day moving average. In other words, Nike […]