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☆ Middle East tensions: Disruption to oil supply is unlikely at this stage, analyst says
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMiddle East tensions: Disruption to oil supply is unlikely at this stage, analyst saysNeil Beveridge, senior oil and gas analyst at Bernstein, discusses the tit-for-tat between Iran and Israel, and says "$80-$90 a barrel is really where fundamentals are pointing for oil right now," adding that there's a "limited chance that we'll see … things really getting out of hand."

Persons: Neil Beveridge, Bernstein Locations: Iran, Israel

☆ New York City’s Population Shrinks by 78,000
▼ + stars: | 2024-03-14 | by ( Winnie Hu | Stefanos Chen | ) www.nytimes.com time to read: +1 min

City officials said that they were likely to challenge the 2023 census estimates, which they said had significantly underestimated the number of migrants and other people living in group settings, such as shelters and dorms. A spokesman for the Department of City Planning, Casey Berkovitz, said that 180,000 migrants had come to the city since the spring of 2022 and that 64,600 were still in the city’s care. City officials had previously projected that New York City would reach 9 million within two decades. Though the latest census numbers are a marked improvement over recent years, the turnaround has mostly benefited New York City’s more affluent areas, said Andrew Beveridge, the president of Social Explorer, a demographic data firm that analyzed the numbers. “But it’s the struggling people that leave for good.”Four of the five boroughs continued to see population declines in 2023, according to the latest census estimates.

Persons: Casey Berkovitz, Andrew Beveridge, ” Mr, Beveridge Organizations: Department of City Planning, New, Manhattan, Social Locations: New York City, New York

☆ Saudi Aramco Abruptly Drops Plans to Expand Oil Production
▼ + stars: | 2024-01-30 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

Saudi Aramco said Tuesday that it would call off plans to expand its oil output, a remarkable turnaround by one of the world’s leading petroleum producers. Aramco, the national oil company of Saudi Arabia, said it had been directed by the government in Riyadh to maintain its “maximum sustainable capacity” of crude oil production at 12 million barrels a day, and give up a drive to increase it to 13 million barrels a day by 2027, a plan announced several years ago. But it could be a sign that the Saudis are changing their thinking about future supply and demand for their oil. Global oil supplies have recently been stronger than the Saudis anticipated because of strong growth in output from shale drilling in the United States, which is now the world’s leading oil producer, and other sources. “The decision probably reflects a view that the world does not need as much Saudi oil as was previously expected,” said Neil Beveridge, an analyst at Bernstein, a research firm.

Persons: ”, Neil Beveridge, Bernstein Organizations: Saudi Aramco, Aramco Locations: Saudi, Saudi Arabia, Riyadh, United States

☆ Japan's stock market roared back to life in 2023, and investors expect even more gains ahead. How to trade it
▼ + stars: | 2024-01-25 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Japanese stocks had one of their best years in recent memory, and they could rally even more in 2024. .N225 ALL mountain Big gains for Nikkei in 2023 That momentum has carried into early 2024. What's more, Wall Street sees no signs of Japanese stocks slowing down. In early 2023, Japanese stocks surged after the highest Shunto wage hike in 30 years was passed, at above 3% from above 2% the year prior, according to the Japan Times . Corporate earnings and economic growth Another driver for Japanese stocks this year could be strong corporate earnings and economic growth.

Persons: Warren Buffett, What's, BofA's Masashi Akutsu, Akutsu, Fumio Kishida, Scott Ladner, Ladner, we've, they're, Glovista's Carlos Asilis, there's, Bernstein, Neil Beveridge, Horizon's Ladner Organizations: Mitsubishi, Mitsui, Itochu, Sumitomo, Nikkei, Japan Times, Horizon Investments, Japan, Japan Hedged Equity, U.S . Federal Reserve, Bank of America, Toyota, U.S Locations: Japan, That's

A picture taken during an organised tour by Yemen's Houthi rebels on November 22, 2023 showing the Galaxy Leader cargo ship approaching the port in the Red Sea off Yemen's province of Hodeida. Oil prices fell Tuesday as traders monitored rising tensions in the Red Sea amid a backdrop of record U.S. crude production and worries about demand in China. Crude prices had jumped more than 2% earlier in the trading session on escalating tensions in the Red Sea, a crucial global trade chokepoint. And Iran on Monday deployed a destroyer to the Red Sea, according to the country's Tansim news agency. The move by Tehran comes after U.S. Navy helicopters destroyed three boats of Iran-backed Houthi rebels.

Persons: Yemen's Houthi, Brent, Helima Croft, Croft, Adi Imsirovic, Ayatollah Ali Khamenei, Neil Beveridge, Lloyd Organizations: Galaxy Leader, The West Texas Intermediate, RBC Capital Markets, CNBC, Center for Strategic, International Studies, Monday, U.S . Navy, Navy, U.S . Central Command, Energy, Prosperity Locations: Red, Yemen's, Hodeida, China, The, Iran, Tehran, Singapore, Hangzhou, Brent, Israel, Gaza, Suez, Africa, The U.S

Bernstein named Taiwan Semiconductor a "best idea" for 2024, raising its price target on the stock. — Alex Harring 7:01 a.m. In addition to the best-pick honor, analyst Steve Scala has an outperform rating and $86 price target. Analyst Michael Lavery downgraded the stock to neutral from overweight and slashed his price target by $40 to $200. ET: Morgan Stanley hikes PDD price target, calls stock a top pick following earnings Morgan Stanley named Chinese e-commerce name PDD Holdings a top pick following its latest quarterly earnings report.

Persons: Bernstein, Morgan Stanley, LSEG, Bank of America's Tal Liani, Morgan Stanley's Hamza Fodderwala, Alex Harring, Craig Siegenthaler, Blackstone, That's, — Alex Harring, Ken Hoexter, Hoexter, TD Cowen, Steve Scala, Scala, Jefferies, John Colantuoni, bode, Colantuoni, Neil Beveridge, Josh Silverstein, Silverstein, JMP, Baldwin, Mitch Germain, Germain doesn't, Germain, Piper Sandler, Michael Lavery, Lavery, elasticities, HSY's, Hershey, Eddy Wang, Wang, Mark Li, Li, — Fred Imbert Organizations: CNBC, Taiwan Semiconductor, Holdings, Wall, Bank of America, Bank of America's, KKR, Apollo Global Management, Pacific, Transport, AstraZeneca, pharma, Airbnb, Toyota, UBS, Exxon Mobil, Natural Resources, Exxon Mobil's, Hershey, PDD, U.S, LSEG, Commerce, PDD's U.S, Apple, Huawei Locations: Tuesday's, Ivory Coast, Ghana, 4Q23, Taiwan, China

For more than a year, the Environmental Protection Agency investigated whether Louisiana officials discriminated against Black residents by putting them at increased cancer risk. As attorney general, Landry fought the EPA’s investigation. Health officials, for example, wanted the unilateral power to decide if and when they had to do the EPA-proposed analysis. The AP reviewed a draft agreement edited by state health officials and sent to EPA in May, reflecting negotiations at the time. It has not reviewed any draft agreement that would show what Louisiana's environmental agency might have been willing to accept.

Persons: Biden, Eric Schaeffer, it’s, Schaeffer, Republican Jeff Landry, Landry, Deena Tumeh, Tumeh, “, ”, ” Tumeh, Kevin Litten, VI, Sharon, Lavigne, James, Michael Regan, It's, Stacey Sublett Halliday, Beveridge, Diamond, ” Sublett Halliday Organizations: Environmental Protection Agency, The Associated Press, EPA’s, Civil, Louisiana, Republican, EPA, Louisiana Department of Environmental, Louisiana Department of Health, Health, AP, Cancer, Associated Press, Walton Family Foundation Locations: Louisiana, chloroprene, St

☆ 'An iPhone moment': Bernstein names global stocks to play the 'rapid growth' in battery tech
▼ + stars: | 2023-10-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

They said that over 200TWh of batteries will be required for the energy transition both in electric vehicles and energy storage. That breakthrough could arrive by 2027 with the commercialization of SSB batteries, Bernstein said. The firm added that they are set to have higher energy density, fast-charging capabilities and be "much safer" than liquid batteries. Batteries with higher energy density are required to reduce battery costs and increase the range of electric vehicles, Bernstein said. The asset management firm said established battery makers are likely to be the winners.

Persons: Bernstein, Neil Beveridge, CATL, — CNBC's Michael Bloom Organizations: South, LG Chem, Samsung SDI, CATL, Korean Locations: Korean

☆ British home prices to fall 4% in 2023 as borrowing costs bite: Reuters poll
▼ + stars: | 2023-09-01 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

The most pessimistic forecast was for a 10% fall, despite consumer prices expected to rise 7.5% this year, according to a separate Reuters poll. They were expected to flatline in 2024 and rise a little over 3% the year after, little changed from the previous poll. "The London housing market ebbs and flows, yet is there really such a thing as a 'London property market' nowadays?" RENTAL STRESSThose unable or unwilling to make it onto the property ladder will feel the pinch from surging rental costs. Private rental prices paid by tenants in Britain rose 5.3% in the 12 months to July, according to the Office for National Statistics.

Persons: Stefan Wermuth, BoE, Michael McGill, Zoopla, Russell Quirk, Aneisha Beveridge, Jonathan Cable, Mumal Rathore, Rahul Trivedi, Purujit, Mark Potter Organizations: REUTERS, Bank of England, Office, National Statistics, Thomson Locations: London, Britain, Kensington, Mayfair, Barking, Dagenham

The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed 2.3% of nonfarm payroll workers quit their jobs in July, down from a rate as high as 3% during the pandemic-driven "Great Resignation." The hiring rate last month hit its lowest point since April 2020. The JOLTS data for July "are moderating back to either pre-pandemic levels or levels that we have not seen in quite some time. Because the 401(k) data tends to capture higher-paying jobs, slowed hiring in that cohort could be particularly relevant to the Fed's inflation outlook. Data later this week will provide an updated view on inflation as well as for hiring and wages in August.

Persons: Fiona Greig, Greig, Christopher Waller, Beveridge, Oren Klachkin, Howard Schneider, Dan Burns, Paul Simao Organizations: Labor, Reuters, Vanguard, Reuters Graphics Reuters, Conference, Fed, Nationwide, Thomson Locations: U.S, joblessness

☆ The hydrogen stock bubble burst, but Bernstein says it's time for a second look at this potential $2 trillion green fuel source
▼ + stars: | 2023-08-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

"Almost all major energy companies believe that hydrogen will be an important part of their business in the future. Green hydrogen is the "cleanest" method of hydrogen production fueled by renewable energy sources, while blue hydrogen is produced from natural gas mixed with hot steam and a catalyst. A mix of green and blue hydrogen will likely be the fastest and cheapest solution to decarbonization, Beveridge said. To be sure, Beveridge admitted the hydrogen industry is still in the early stages of development, and choosing winners is "not easy." Bloom Energy is another U.S.-based hydrogen company Bernstein named to its top picks list.

Persons: Bernstein, Neil Beveridge, Beveridge, Refinitiv, — CNBC's Michael Bloom Organizations: U.S, European Union, Bloom Energy, Doosan, Cells, Doosan Fuel Cell, U.S . Doosan Fuel, Shanghai Stock Exchange Locations: China, inflect, U.S, South Korea, Beijing

☆ The U.S. Population Is Older Than It Has Ever Been
▼ + stars: | 2023-06-22 | by ( Dana Goldstein | ) www.nytimes.com time to read: +1 min

Low birthrates are the main driver of the nation’s rising median age, experts said. Still, since the beginning of the Great Recession, in 2007, fertility has remained very low compared with previous generations. Across industrialized nations, women of the millennial generation have been more likely to prioritize education and work in their 20s, leading to them marrying older and have fewer children, according to researchers. Among states, Maine (44.8 median age) is the oldest, with New Hampshire (43.3) not far behind. Utah (31.9), the District of Columbia (34.8) and Texas (35.5) are the youngest, according to the Census Bureau.

Persons: ”, Andrew A, Beveridge, ” Birthrates Organizations: Social, of Columbia, Census Locations: United States, Norway, Sweden, Finland, Maine, New Hampshire, Utah, Texas

☆ Tito’s is trolling canned cocktails with a $200 empty keg
▼ + stars: | 2023-06-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Tito’s Handmade Vodka is elevating its war against canned cocktails. For $200, the vodka maker is selling a “Tito’s in a Big Can,” which is a 128-ounce empty mini-keg that encourages drinkers to make their own cocktails rather than giving into the “canformity” (their word) of canned cocktails. Tito's is trolling canned cocktails with an empty keg. Customers have been asking Tito’s to enter the canned cocktail space, Berry told CNN. The family-owned company doesn’t reveal sales figures, but Tito’s is the country’s top-selling vodka brand, according to third-party data.

Persons: ” Taylor Berry, Tito’s, Berry, ”, Bert “ Tito ” Beveridge, they’re, we’ve, “ Organizations: New, New York CNN, Tito’s, CNN Locations: New York, United States, Texas

☆ Telegraph faces sale after UK lender takes control of owners
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - The Telegraph group of newspapers could be sold after the Bank of Scotland appointed receivers for shares of the publisher's owners who failed to repay loans by the bank, restructuring group AlixPartners said on Wednesday. No operational changes are expected for the media businesses or their employees, and "neither the Telegraph Media Group (TMG) nor The Spectator are entering administration," AlixPartners added. The Barclay family owns shares of B.UK Ltd, a holding company within the Penultimate Investment Holdings Limited (PIHL) Group that indirectly owns Telegraph Media Group Limited (TMG) and The Spectator magazine. AlixPartners said the receivers may reach a resolution which could involve the Telegraph and Spectator businesses being sold. Sky News reported on Tuesday that Lloyds was set to launch a 600 million pound ($745.4 million) auction of the Telegraph newspapers and The Spectator magazine.

Persons: AlixPartners, Alastair Beveridge, Ben Browne, Barclay, Aidan Barclay, Howard Barclay, Philip Peters, Rigel Mowatt, Gokul Pisharody, Bharat Govind Gautam, Chiara Ellsei, Chris Reese, Richard Chang Organizations: Telegraph, Bank of Scotland, Lloyds Banking Group, Telegraph Media, B.UK Ltd, Investment Holdings, Group, Telegraph Media Group, Spectator, The Spectator, Sky News, Lloyds, Thomson Locations: Bengaluru

New data for March showed the ratio of job openings to the number of unemployed job seekers fell for the fourth consecutive month and hit the lowest level since October 2021. At roughly 1.64 to 1 the number remains far above the levels around 1.2 seen before the pandemic. In recent months the relationship between job openings and unemployment has kept that prospect alive. The number of estimated job openings has fallen from a peak of 12 million in March of 2022 to 9.59 million in March this year. The openings rate, expressed as a percentage of filled and available positions, has fallen from a high of 7.4 last spring to 5.8 in March.

☆ UK home prices to fall, but unlikely to come crashing down
▼ + stars: | 2023-02-28 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

After years of bumper price rises, the average cost of a home will fall 2.4% this year, according to the Feb. 15-27 poll of 19 housing market experts, shallower than the 4.7% fall predicted in a November poll. "House prices will fall in 2023, that is for sure. Because the number one variable for showing the direction of the housing market is employment - and that remains very, very good indeed." In November's poll, they were expected to fall 7.0% this year and flatline in 2024. (For other stories from the Reuters quarterly housing market polls:)Reporting by Jonathan Cable; polling by Aditi Verma and Vijayalakshmi Srinivasan; editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ How Big Law fumbled its own Rooney rule on diversity
▼ + stars: | 2022-12-08 | by ( Elizabeth Olson | ) www.businessinsider.com time to read: +11 min

Several law firms adopted the Mansfield rule in 2017, which aims to increase diversity in leadership. It's effectively the NFL's two-decade-old Rooney rule: a requirement that nonwhite candidates be considered when teams hire for coaching and front-office jobs. Law firms followed professional football in 2017 with its version of the Rooney rule, called the Mansfield rule. At first, the Rooney rule seemed to catch on when teams started to hire more coaches of color and a dozen general managers of color when that position was added to the Rooney rule. "For the Rooney rule to work," he said, "there has to be a true commitment from the owners.

☆ OPINIE | Ala Tocarciuc: Între profitabilitate și realitate sau cum readucem sistemul de sănătate la viață?
▼ + stars: | 2020-10-07 | by ( ) agora.md time to read: +24 min

Aceasta înseamnă că fondul medical se suplinește din contribuția fiecăruia în parte, indiferent de starea de sănătate a contribuabililor. Aproximativ 20 ani în urma în Moldova a fost implementată reforma sistemului medical care a înlocuit sistemul de tip sovietic cu unul nou. Devenind fondatorii spitalelor, autoritățile publice locale, au căutat în primul rând să asigure sănătatea și asistența medicală a populației din comunitatea sa. Ala TocarciucAcest element îl subliniez în contextul acestui paragraf întrucât el constituie una din problemele majore ale lentului colaps al sistemului medical moldovenesc. În paralel, trebuie elaborate și alte stimulente materiale și nemateriale pentru păstrarea medicilor în sistemul medical.

Persons: Otto von Bismarck, Ala, Bismarck Organizations: Europene, Comunitatea, Comunitatea Statelor Independente, CSI, Ministerul Sănătății, Ministerului Sănătății, Națională de Asigurări, Compania Națională de Asigurări, Sănătății, Marea Britanie, Suedia, Norvegia și altele Locations: Prussia, Moldova, Europa de Vest, Est, Sovietice, Comunitatea Statelor, UE, Britanie, Suedia, Norvegia, Republica Moldova, Medicină, Republicii Moldova, nefinanțate, Statele Unite, Chișinău, Moldovei, AGORA

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