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Decision Time on Iran

RealClearPolitics - Fri, 12/15/2017 - 14:51
Matthew Continetti, Washington Free Beacon
Very soon, President Trump will have to decide whether America should remain a bystander to Iranian expansionism.

Oil prices settle higher, but post third straight weekly decline

MarketWatch Market Pulse - Fri, 12/15/2017 - 14:48

Oil prices settled higher Friday, but tallied a loss for a third straight week, on the back of ongoing concerns over growth in U.S. crude production. "The driving force behind oil markets remains [the Organization of the Petroleum Exporting Countries'] rebalancing act," said Adrienne Murphy, chief market analyst at AvaTrade. "OPEC-led cuts simply provide an opening for U.S. shale producers to fill the void with their supplies. The supply curbs could prove to be futile and OPEC [members] are really taking a gamble," she said. January West Texas Intermediate crude rose 26 cents, or 0.5%, for the session to settle at $57.30 a barrel on the New York Mercantile Exchange. It lost about 0.1% for the week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Sirius' stock sinks on heavy volume after CRB raises royalty payment rate

MarketWatch Market Pulse - Fri, 12/15/2017 - 14:42

Shares of Sirius XM Holdings Inc. sank 5.8% in very active trade Friday, after the company disclosed that it will have pay higher royalties to play music on its satellite radio programs. Volume ballooned to 74.2 million shares, compared with the full-day average of 16.3 million shares, and enough to make the stock the most actively trade on major U.S. exchanges, according to FactSet. Sirius said in an SEC filing that the Copyright Royalty Board had determined that starting Jan. 1, 2018, the company will be required to pay a royalty of 15.5% of gross revenue through 2022, up from the 2017 rate of 11.0%. "We anticipate that the [CRB] decision will result in an increase in our aggregate royalty expense on an annual basis beginning in 2018," the company stated in the filing. "We are not yet able to estimate the impact on our financial statements, although the additional royalty expense could be material." The stock has now lost 9.0% since it closed at an 11 1/2-year high of $5.86 on July 31, 2017, but was still up 19.8% year to date, while the S&P 500 has gained 19.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

House ethics committee investigates Democrat Kihuen on harassment reports

Reuters US Politics - Fri, 12/15/2017 - 14:08
WASHINGTON (Reuters) - The U.S. House of Representatives Ethics Committee said on Friday it has begun an investigation into public reports that Democrat Ruben Kihuen engaged in sexual harassment, adding that announcing the probe was not a sign the committee already has determined the Nevada Representative violated any rules.

Protecting the Shaky Russia-gate Narrative

ConsortiumNews - Fri, 12/15/2017 - 14:07
Exclusive: The New York Times continues its sorry pattern of falsifying the record on Russia-gate, giving its readers information that the newspaper knows not to be true, reports Robert Parry. By Robert Parry If Russia-gate is the massive scandal that…

Deutsche Bank has been asked for info on Flynn transactions: WSJ

MarketWatch Market Pulse - Fri, 12/15/2017 - 14:04

Deutsche Bank has been asked by U.S. Special Counsel Robert Mueller to hand over information about transactions that could be linked to Michael Flynn, the former national security adviser who has pleaded guilty to lying to the FBI, The Wall Street Journal reported, citing people familiar with the matter. Deutsche Bank also has been asked for information about entities connected to Flynn, the report said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Fed's rosy economic scenario leaves inflation puzzle for Powell

Top Reuters News - Fri, 12/15/2017 - 14:01
WASHINGTON (Reuters) - As incoming Federal Reserve Chair Jerome Powell works through his holiday shopping list, he might consider the nearly 50 percent discount he could get buying Calvin Klein underwear online instead of at the local mall.

Special Report: At a hotel near you - Cadavers in the banquet room

Top Reuters News - Fri, 12/15/2017 - 13:48
LAKE BUENA VISTA, Florida (Reuters) - LAKE BUENA VISTA, Florida – Just outside the operating theater, the organizers of a medical conference wore Minnie Mouse ears.

Big U.S. banks engage universities to fill unglamorous banking jobs

Top Reuters News - Fri, 12/15/2017 - 13:43
(Reuters) - Banks are grappling with how to recruit young people into businesses like trade finance and cash management, which are increasingly important drivers of revenue but perceived to be un-sexy compared with investment banking and trading.

Gold ends slightly higher, marks first weekly rise in a month

MarketWatch Market Pulse - Fri, 12/15/2017 - 13:41

Gold ended with a modest climb Friday, logging a gain for the week following three-straight weeks of declines. Prices got a boost after the Federal Reserve announced its decision this week to raise interest rates, as expected, and didn't change its forecast for inflation and interest rates in 2018. "Gold had already priced in the Fed rate increase in the last month and there was an element of 'sell the Fed rumour' and 'buy the Fed news'," said Mark O'Byrne, research director at GoldCore. "The outlook for gold is good. Seasonally, January is generally a good month to own precious metals, particularly gold," he said. February gold rose 40 cents to settle at $1,257.50 an ounce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

House ethics panel probing Nevada Democrat over sexual harassment allegations

MarketWatch Market Pulse - Fri, 12/15/2017 - 13:40

The House Ethics Committee announced Friday it has opened an investigation into Rep. Ruben Kihuen, a Nevada Democrat, over sexual harassment allegations. Kihuen said in a statement he welcomes the "opportunity to clear my name." Two women have accused the congressman of sexual harassment.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Antiwar.com Celebrates 5th Year Accepting Digital Currency: Your Cryptocurrency Donations Will Be Matched!

Antiwarblog - Fri, 12/15/2017 - 13:39

You read that correctly. Antiwar.com was a very early adopter of stateless and decentralized currency opening their platform to Bitcoin on November 28th, 2012. Five years later, they are continuing enthusiastically to use digital currencies by expanding their donation platform to now include BitcoinCash, DASH, and ZCash. It is really gratifying to see the nonaggression principle come together with non-state based currency to help bring an end to war and inhumanity around the world. I recently did an interview with Crush the Street, a financial podcast to share some of the history behind bitcoin and share more about what a great addition it has been to Antiwar’s fundraising efforts.

Antiwar.com has announced that all cryptocurrency donations through 2017 will double their impact due to a $20K matching funds pledge from Bitcoin.com. So if your crypto holdings saw a pleasant value increase, please consider paying some of it forward to an organization that is all about ending State aggression and the military industrial complex. Do it now so your donation is doubled!

Wall Street rally sets the stage for big IPO year in 2018

Top Reuters News - Fri, 12/15/2017 - 13:32
(Reuters) - A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018, with several multi-billion dollar firms including Airbnb and Spotify widely expected to grab headlines with their offerings.

Republicans finish tax bill, will release details later in day

Top Reuters News - Fri, 12/15/2017 - 13:27
WASHINGTON (Reuters) - Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul and will release the details later on Friday, including plans for an expanded child tax credit aimed at winning the support of two wavering senators.

Republicans finish tax bill, will release details later in day

Reuters US Politics - Fri, 12/15/2017 - 13:27
WASHINGTON (Reuters) - Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul and will release the details later on Friday, including plans for an expanded child tax credit aimed at winning the support of two wavering senators.

Exclusive: Senator Cruz wants to cap renewable fuel credits at 10 cents - document

Reuters US Politics - Fri, 12/15/2017 - 13:27
NEW YORK (Reuters) - U.S. Senator Ted Cruz wants to place a cap of 10 cents each on renewable fuel credits - a fraction of their current value - to help U.S. refiners cope with the nation's biofuels policy, according to a document viewed by Reuters on Thursday.

Tillerson urges lull in North Korea 'threatening behavior' before any talks

Top Reuters News - Fri, 12/15/2017 - 13:20
UNITED NATIONS (Reuters) - Secretary of State Rex Tillerson on Friday said a "sustained cessation of North Korea's threatening behavior" was needed before the United States could talk with Pyongyang about its development of nuclear weapons and ballistic missiles.

House ethics committee investigating Democrat Kihuen on harassment allegations

Reuters US Politics - Fri, 12/15/2017 - 13:16
WASHINGTON (Reuters) - The U.S. House of Representatives Ethics Committee said on Friday it has begun an investigation into public reports that Democrat Ruben Kihuen engaged in sexual harassment, adding that starting the probe is not a sign that the Nevada Representative violated any rules.

Baker Hughes reports a decline in the weekly U.S. oil-rig count

MarketWatch Market Pulse - Fri, 12/15/2017 - 13:08

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was down 4 at 747 this week. The decline follows increases over the last three weeks in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, also fell by 1 to 930, according to Baker Hughes. January West Texas Intermediate crude was up 31 cents, or 0.5%, from Thursday, to $57.35 a barrel, up from $57.31 shortly before the rig data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

The Scary Void Inside Russia-gate

ConsortiumNews - Fri, 12/15/2017 - 12:33
Despite a lack of evidence at its core – and the risk of nuclear conflagration as its by-product – Russia-gate remains the go-to accusation for “getting” the Trump administration, explains Russia scholar Stephen F. Cohen. By Stephen F. Cohen The…

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