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Monthly Archives: November 2017

‘We’ll be in the Middle East for the next 100 years,’ Boeing senior exec says

Chip Somodevilla/Getty Images The pilot of the 747-class Boeing E-4B Advanced Airborne Command Post carefully flies the plane is it is refueled in midair by a U.S. Air Force KC-135 April 6, 2011 over the Atlantic Ocean. The E-4B is taking U.S. Defense Secretary Robert Gates from Washington to Riyadh, …

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OPEC likely to extend supply cuts in bid to rebalance the market, UAE energy minister Suhail al-Mazroui says

GIUSEPPE CACACE | AFP | Getty Images UAE Minister of Energy Suhail Mohamed Faraj al-Mazroui attends a press conference on September 25, 2017 in Abu Dhabi, United Arab Emirates United Arab Emirates Minister for Energy Suhail al-Mazroui said Monday that he expected OPEC and non-OPEC countries to extend global supply …

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Raytheon seeing growth in missile defense systems because of rising ‘threat dynamics’

John Tlumacki | The Boston Globe | Getty Images The patriot missile is manufactured at Raytheon’s Integrated Air Defense Center in Andover, Mass. Defense company Raytheon is seeing a growth market in missile defense systems in Europe and the Middle East due to increased “threat dynamics,” the company’s international chief …

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Hundreds of millionaires are banding together to tell Congress: Raise our taxes

Nicholas Kamm | AFP | Getty Images US President Donald Trump looks at a sample of the proposed new tax form at the White House in Washington, DC, on Nov. 2, 2017. Over 400 millionaires and billionaires from the United States plan to send a letter to Congress this week …

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Harker eyes inflation, stands by Fed rate hike next month

Charles Mostoller | Bloomberg | Getty Images Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia. A Federal Reserve official said on Monday he expects to back an interest rate hike next month despite caution over the low-inflation “conundrum,” since the U.S. central bank needs …

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Crude’s rally could be poised to test 60 dollars per barrel

Crude has been on a torrid streak, surging 35 percent from its 2017 low to its highest in more than 2 years. Now, a technician who called the initial rally says there’s even more room to run. With this week’s rally, oil is up almost 6 percent year to date. …

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Gal Gadot won’t sign on to ‘Wonder Woman 2’ if Brett Ratner is still on board: NY Post

Mario Anzuoni | Reuters Gal Gadot poses at the premiere of “Wonder Woman” in Los Angeles, California, May 25, 2017. The much anticipated sequel to “Wonder Woman” may not star Gal Gadot, if filmmaker Brett Ratner remains on staff, according to a report from the New York Post. The publication’s …

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Bitcoin briefly drops 15% amid debate over digital currency’s future

High volatility isn’t going away for bitcoin, raising questions about whether the digital currency can be a sustainable investment asset. Late Saturday, the crypto-currency plunged 15 percent from nearly $6,500 to a low of $5,507, before intermittently shooting back up to near $6,400, according to CoinDesk. Bitcoin last traded near …

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Saad al-Hariri says he’ll return to Lebanon within days

Ratib Al Safadi | Anadolu Agency | Getty Images Saad Hariri, former Prime Minister of Lebanon and the leader of the Future Movement party, attends the ‘2nd General Assembly meeting of Future Movement party’ in Beirut, Lebanon on November 26, 2016. Saad al-Hariri, who announced on Nov. 4 from Saudi …

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‘Justice League’ aims for $1 billion after a rocky year for DC movies

The release caps a choppy year, during which Warner retooled its DC comics strategy, modeled after the path Disney plotted for its multi-billion dollar Marvel superheroes series. Fan websites breathlessly chronicled a steady drip of rumored cancellations, revised release dates and mixed messages from stars and filmmakers about which films …

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