BAE Systems to Replace Coal Power with $97 Million Natural Gas Facility at Holston Army Ammunition Plant

December 17, 2018@9:19 AM TFP Editor 0

KINGSPORT, Tenn.–(BUSINESS WIRE)–BAE Systems has received a U.S. Army contract modification valued at $96.6 million, bringing the total contract value to $158 million, to design, build, and commission a natural gas-fired steam facility at Holston Army Ammunition Plant (HSAAP), an Army-owned, contractor-operated site located in Kingsport, Tennessee. The modernization project will replace an existing coal-fired power supply and greatly reduce the facility’s environmental footprint when the new natural gas plant is commissioned. The construction of […]

Gartman: “We Get The Feeling That A Market Bounce Shall Develop Today”

December 17, 2018@9:14 AM TFP Editor 0

Unlike a certain JPMorgan quant, Dennis Gartman has been on a roll lately (perhaps with the exception of his latest bust, when last week he said the Dow could surge as much as 1,000 points higher). As the world-renowned commodity guru said about a month ago, when most of his erudite Wall Street peers were banging the table on “BTFD”, Gartman not only moved to the sidelines but said to expect much more downside from […]

Israeli PM Netanyahu’s son booted from Facebook after post calling for Muslims to leave Israel

December 17, 2018@8:40 AM TFP Editor 0

Israeli Prime Minister Benjamin ‘s son was temporarily booted from Facebook after a post calling the social media platform a “thought police” after they removed a post in which he called on Muslims to leave Israel. (Photo credit should read THOMAS COEX/AFP/Getty Images) The son of the Israeli prime minister was temporarily blocked from Facebook after he criticized the social media platform for removing an earlier post in which he called for “avenging the deaths” […]

“Ringing The Bell” – Stocks Worst December Since 1980, Nasdaq Red Year-To-Date

December 17, 2018@8:31 AM TFP Editor 0

US equity markets have shrugged off a modest gain in Asia markets, fading consistently from the European open to open down hard and pushing Nasdaq Composite back into the red for 2018… Its worst year since 2011… Dow is back below 24k…(not helped by JNJ again) This is the worst December for stocks since 1980…(and according to BBG data, the worst start to a December since at least 1950)   BMO’s Brad Wishak asks: Did […]