U.S. industrial output falls 0.3% in December, third drop in past four months

U.S. industrial output falls 0.3% in December, third drop in past four months

Production down at 0.5% annual rate in Q4, down 1% on a year-on-year basis The numbers: Industrial production fell 0.3% in December, the third decline in the past four months, the Federal Reserve reported Friday. The decline was in line with Wall Street expectations of a 0.3% fall, according to a MarketWatch survey. The softness …

American Troops Were Injured in Jan. 8 Iran Missile Attack

American Troops Were Injured in Jan. 8 Iran Missile Attack

Eleven people are being screened for traumatic brain injuries following attacks on two bases in Iraq that house U.S. troops WASHINGTON—Nearly a dozen American troops were injured in the Iranian missile attack on two bases in Iraq last week, Defense Department officials said, after initially stating that there were no casualties in the strikes. Eleven …

IEA: There Won’t Be A Low-Sulfur Fuel Oil Crisis

IEA: There Won’t Be A Low-Sulfur Fuel Oil Crisis

WHAT CRISES? Supply of shipping fuels compliant with the stricter, low-sulfur, regulations are growing at a fast pace and are at adequate levels at the key hubs around the world, the International Energy Agency (IEA) said on Thursday. According to the new rules by the International Maritime Organization (IMO), only 0.5-percent or lower sulfur fuel …

BlackRock’s Assets Blow Past $7 Trillion in Milestone for Investment Giant

BlackRock’s Assets Blow Past $7 Trillion in Milestone for Investment Giant

Quarterly net profits for them rose 40% to $1.3 billion their clients well that is a much different story BlackRock Inc.’s BLK 0.81% assets surpassed $7 trillion for the first time as the investment giant reported record-setting flows in 2019. The world’s largest money manager logged net inflows of $428.7 billion for the year. BlackRock’s …

Trump’s Impeachment Trial Kicks Off With GOP Moderates Under Pressure

Trump’s Impeachment Trial Kicks Off With GOP Moderates Under Pressure

 TRUMPS KNOWS THIS ONLY TO WELL! “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the …

China, U.S. sign initial trade pact but doubts and tariffs linger

China, U.S. sign initial trade pact but doubts and tariffs linger

BEIJING/WASHINGTON (Reuters) – China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world stock market indexes climbed to …

Iraq oil supplies vulnerable as Mideast tensions flare, IEA says

Iraq oil supplies vulnerable as Mideast tensions flare, IEA says

LONDON (Bloomberg) – Oil supplies from Iraq, the Middle East’s second-biggest producer, are “potentially vulnerable” amid rising political risks in the country and the broader region, the International Energy Agency warned. Crude prices briefly soared to a three-month high above $70 a barrel last week as tensions between the U.S. and Iran erupted in neighboring …

EIA  Weekly Petroleum Report for week ending January 10, 2020

EIA  Weekly Petroleum Report for week ending January 10, 2020

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week. At 428.5 million barrels, U.S. crude oil inventories are at the five year average for this time of year.  U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending …

Kindness Comes Naturally To Parrots: Study Shows Their Extraordinary Selfless Behavior

Kindness Comes Naturally To Parrots: Study Shows Their Extraordinary Selfless Behavior

TENERIFE, Spain — Parrots have long been considered intelligent birds, but a new set of research focusing on African gray parrots finds that besides just being smart these fascinating animals are also very kind to one another. Over the course of the experiments, the studied parrots exhibited selfless tendencies, prosocial behavior, and cooperativeness — even when …