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☆ Where investors might hide out if inflation continues to reaccelerate
▼ + stars: | 2024-04-10 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

To guard against stubborn inflation and higher-for-longer interest rates, investors should focus on quality companies with high pricing power and adjust their duration risk in bonds, according to Wall Street strategists and portfolio managers. Pricing power Companies with high pricing power tend to outperform when inflation is elevated because they have the ability to defend their profit margins by passing along higher costs to their end market customers. "In equities, you should prefer companies that have pricing power, i.e. "When inflation is the predominant risk in markets, correlations between stocks and traditional bonds tend to be high. BlackRock's iShares strategy team recently argued that investors should take advantage of spikes in bond yields while they can and reinvest their cash.

Persons: Stocks, Brad Conger, Sonu Varghese, Jason Pride, Pride, Rick Rieder Organizations: Dow Jones, Treasury, Street, Callaghan, Co, Big Tech, Carson Group, Securities, U.S ., Glenmede Trust Locations: Hirtle, BlackRock

DOHA, Qatar (AP) — Marrit Steenbergen won gold for the Netherlands in the women's 100-meter freestyle Friday at the World Aquatics Championships. “The back half is my specialty,” said Steenbergen, who also was part of the winning Dutch team in the 4x100 freestyle relay. World record-holder Sarah Sjöström of Sweden is at the championships but withdrew from the 100 free before the preliminaries. The Americans, who are three-time reigning Olympic champions, bounced back from a quarterfinal loss at last year’s world championships in Fukuoka. Hungary came up just short of its first women's world title since 2005.

Persons: Marrit Steenbergen, Siobhán Haughey, Hong Kong, Steenbergen, “, ”, Haughey, Jack, Kate Douglass, ” Haughey, Australia's Mollie O'Callaghan, Sarah Sjöström, Rachel Fattal, Ashleigh Johnson, ___ Organizations: Paris, Dutch, Doha, United, Olympic, Greece Locations: DOHA, Qatar, Netherlands, Hong, Fukuoka, Australia, Sweden, United States, Hungary, Fukuoka . Hungary, Spain

DOHA, Qatar (AP) — Siobhán Haughey of Hong Kong captured her first long-course world title, winning the women's 200-meter freestyle Wednesday at the World Aquatics Championships. Haughey, a three-time champion at the short-course worlds, finally touched first in the big pool after years of close calls. She was the Olympic silver medalist in both the 100 and 200 free at the Tokyo Games, in addition to a runner-up finish in the 100 free at last summer's world championships in Fukuoka. Also, Haughey finished fourth in the 200 free — just off the podium — at both the 2019 and 2023 worlds. “I really wanted to win this one,” said Wiffen, the short-course world record holder in the 800 free.

Persons: — Siobhán Haughey, Hong, Haughey, “, Ireland’s Daniel Wiffen, ”, Wiffen, Mollie O'Callaghan, Ariarne Titmus, Zealand's Erika Fairweather, Brianna Throssell, Elijah Winnington of, Italy's Gregorio Paltrinieri —, Iffland, Molly Carlson, Jessica Macauley, Kaylea Arnett, France's Gary Hunt, ___ Organizations: Tokyo Games, Paris Olympics, Doha, Australia, Doha Old Locations: DOHA, Qatar, Hong Kong, Fukuoka, “ Paris, Paris, Elijah Winnington of Australia, Doha, Doha Old Port, Canada

☆ Joel Osteen Lakewood Church shooting: Houston police search for motive as new details emerge about shooter
▼ + stars: | 2024-02-13 | by ( Steve Almasy | Christina Maxouris | ) edition.cnn.com time to read: +8 min

One federal law enforcement source told CNN she fired around 30 bullets. “That’s why federal authorities were executing search warrants,” he said, noting they are “looking for computers, any written documents, thumb drives, social media, online. But in her 30s, she described herself on social media as the founder of a real-estate and financial services firm. By her own account on social media pages, she is involved in sales of everything from new condos to shopping malls. Attorney William Capasso said he represented Moreno in 2021-2022 and told CNN Genesse Ivone Moreno went by the name Jeffrey Moreno Carranza at the time.

Persons: Genesse Ivonne Moreno, Joel Osteen, Troy Finner, Christopher Hassig, Moreno’s, Finner, Moreno, Douglas Williams, “, ”, “ We’re, Joel Osteen's, John Miller, Hassig, Genesse Ivonne, ” Hassig, William Capasso, CNN Genesse Ivone Moreno, Jeffrey Moreno Carranza, Capasso, Miller, Osteen, ” Osteen, “ We’ve, Callaghan O'Hare, ” CNN’s Raja Razek, Andy Rose, Ashley Killough, Jamiel Lynch, Lauren Mascarenhas, Zoe Sottile Organizations: CNN —, Houston, Lakewood Church, Investigators, Houston Police, CNN, Houston Police Department, Texas Alcoholic Beverage Commission, Police, US, of Alcohol, Tobacco, Firearms, Explosives, Houston Fire Department, CNN CNN, Houston police, Records, Texas Department of Public, Joel Osteen's Lakewood Church, Reuters Locations: Lakewood, Conroe –, Lakewood Church, Palestine, Genesse Ivonne Moreno Fort Bend County, Fort Bend County, Houston

☆ Fragments of Asteroid With Mystery Origin Are Found Outside Berlin
▼ + stars: | 2024-02-10 | by ( Jonathan O Callaghan | ) www.nytimes.com time to read: +1 min

Scientists have found pieces of a meteorite that fell near Berlin just after midnight on Jan. 21. It is a rare find, from an asteroid that was identified just before it entered Earth’s atmosphere. Only a handful of such events in the recent past have allowed astronomers to trace an incoming rock’s origin in the solar system. “There are very, very few aubrites.”The asteroid that became the meteorite (or rather fragments of meteorite) was initially spotted by Krisztián Sárneczky, a Hungarian astronomer, three hours before it hit Earth’s atmosphere. A network of cameras tracked the incoming rock, 2024 BX1, as it fell near Ribbeck, a village outside Berlin.

Persons: “, ”, Sara Russell, Krisztián Sárneczky Organizations: Mercury Locations: Berlin, London, Hungarian, Ribbeck, Europe

☆ Barclays CEO says difference in Labour and Conservative economic policy is 'fairly minimal'
▼ + stars: | 2024-01-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

LIVERPOOL, U.K. - Oct. 11, 2023: Britain's main opposition Labour Party leader Keir Starmer applauds a speaker the final day of the annual Labour Party conference in Liverpool, northwest England, on October 11, 2023. Paul Ellis | Afp | Getty ImagesPolitical risk in the U.K. is "far less than it's ever been" as the difference between the ruling Conservative Party and main opposition Labour on economic policy is "fairly minimal," Barclays CEO C.S. The U.K. is set to hold a General Election later this year, and the latest polling consistently suggests a landslide Labour victory, bringing an end to fourteen years of Conservative rule. "I think the political risk in the U.K. is far less than it's ever been," Venkatakrishnan told CNBC at WEF. The difference in economic policies between the two, and they're both striving to say so, are fairly minimal," he said, referencing two former British leaders.

Persons: Keir Starmer applauds, Paul Ellis, Venkatakrishnan, Keir Starmer, Rishi Sunak's, Rachel Reeves, Margaret Thatcher, James Callaghan, Labour's Organizations: LIVERPOOL, Labour Party, Afp, Getty, Conservative Party, Labour, Barclays, C.S, Conservative, Labour's Shadow, Economic, CNBC Wednesday, CNBC, WEF, British Locations: Liverpool, England, Davos, Switzerland

☆ Ryan O'Neal, famous for his role in 'Paper Moon' alongside his daughter, dead at 82, son says.
▼ + stars: | 2023-12-08 | by ( Associated Press | ) www.businessinsider.com time to read: +8 min

Ryan O'Neal was diagnosed with prostate cancer in 2012, a decade after he was first diagnosed with chronic leukemia. Advertisement"My father, Ryan O'Neal, has always been my hero," Patrick O'Neal wrote, adding, "He is a Hollywood legend. His real-life daughter, Tatum, played a trash-talking, cigarette-smoking orphan who needs his help — and eventually helps redeem him. Ryan O'Neal pleaded guilty to the charge and entered a drug diversion program, but he publicly denied the drugs were his. Charles Patrick Ryan O'Neal was born on April 20, 1941 and was the son of screenwriter Charles O'Neal and actor Patricia Callaghan O'Neal.

Persons: —, Ryan O'Neal, Oscar, Tatum, Patrick O'Neal, O'Neal, Peter Bogdanovich, Stanley Kubrick, Barry Lyndon, Farrah Fawcett, Fawcett, Redmond, Joanna Moore, Griffin O'Neal, Tatum O'Neal, Patrick, Leigh Taylor, Young, Ali MacGraw, Griffin, Peyton, Mia Farrow, Bogdanovich, Barbra Streisand, Shirley Temple, O'Neal's, perfectionism, Oliver Barrett, John McEnroe, Drew Barrymore, Gian, Carlo Coppola, Francis Ford Coppola, negligently, Redmond O'Neal, Charles Patrick Ryan O'Neal, Charles O'Neal, Patricia Callaghan O'Neal Organizations: Service, Business, Paramount Pictures, Hollywood Locations: Los Angeles, Europe, Bogdanovich's, Maryland

☆ Aretha Franklin's sons awarded valuable property after the singer's handwritten will, signed with a smiley face, discovered hidden in a couch
▼ + stars: | 2023-12-02 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . However, her niece Sabrina Owens, the estate's executor at the time, discovered two handwritten sets of documents nine months later at Franklin's Detroit home, the BBC reports. The papers, dating back to 2014, override a handwritten will from 2010 discovered at Franklin's Detroit home in 2019, according to the presiding judge. While both documents indicated Franklin's desire for her four sons to split the income from her music and copyrights, discrepancies existed. A dispute persists over how to handle Franklin's music assets.

Persons: Aretha Franklin, —, Sabrina Owens, Owens, Jennifer Callaghan, Franklin, Kecalf, Ted White II, Edward Franklin, Judge Callaghan, Franklin's, We've, Charles McKelvie, Clarence Organizations: Service, Franklin's Detroit, BBC, Detroit, Kecalf Locations: American, Detroit, Franklin's

DETROIT (AP) — A judge overseeing the estate of Aretha Franklin awarded real estate to the late star's sons, citing a handwritten will from 2014 that was found between couch cushions. The papers will override a handwritten will from 2010 that was found at Franklin's suburban Detroit home around the same time in 2019, the judge said. One of her sons, Kecalf Franklin, will get that property, which was valued at $1.1 million in 2018, but is now worth more. The discovery of the two handwritten wills months after her death led to a dispute between the sons over what their mother wanted to do with her real estate and other assets. One of the properties, worth more than $1 million, will likely be sold and the proceeds shared by four sons.

Persons: —, Aretha Franklin, Franklin, Kecalf Franklin, Ted White II, Teddy, ” Charles McKelvie, Jennifer Callaghan, Edward Franklin, We've, ” McKelvie, There's, Aretha, ”, Ed White Organizations: DETROIT Locations: Detroit, Michigan

☆ Climate: The UAE is hosting the world’s biggest annual summit. It’s also planning a massive fossil fuel expansion
▼ + stars: | 2023-11-22 | by ( Angela Dewan | ) edition.cnn.com time to read: +14 min

The flurry of forest conservation deals with Zimbabwe, Zambia, Kenya, Liberia and Tanzania were announced in the months ahead of the annual United Nations’ COP28 climate summit, being hosted this year in December by the United Arab Emirates. The annual climate summit is where global leaders and negotiators from nearly 200 countries will convene to decide how and when to ramp down fossil fuel use. Its parent company, Global Carbon Investments, has already agreed to transfer $1.5 billion to Zimbabwe in “pre-financing for carbon credits.” That’s more than the country spends on education and childcare, which combined are Zimbabwe’s biggest national expense. Minimum Emissions” slogan is a viable climate solution, even as global temperatures soar and scientists press for rapid fossil fuel cuts. Ironically, COP28 could be the arena that transforms ADNOC into a global oil major.

Persons: CNN —, Sheikh Ahmed Dalmook Al Maktoum, —, Sultan Al Jaber —, Al Jaber, ”, Sultan Al Jaber, Callaghan O'Hare, Reuters Al Jaber, ADNOC, Jamie Henn, It’s, Henn, “, Philip Morris, ” Henn, Renat Heuberger, Zinyange Auntony, Julia Jones, ’ ” Justin Kenrick, ” Patrick Galey, “ ADNOC, COP28, Bethlehem Feleke Organizations: CNN, Carbon, United Nations, United, Blue, US Department of Commerce, Abu Dhabi National Oil Company, US, Reuters, Free Media, Climate Watch, UN, COP28, Global Carbon Investments, Mucheni conservancy, Getty, “, Bangor University, Peoples, Forest Peoples Programme, Shell, BP, Global, Energy Locations: Dubai, United Kingdom, Zimbabwe, Zambia, Kenya, Liberia, Tanzania, United Arab Emirates, UAE, Abu Dhabi, Houston, UN, COP28, Africa, “, Swiss, Mucheni, Binga, AFP, Wales, Azerbaijan, Nairobi

Michael Regan, the administrator of the EPA, speaks onstage with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. The Community Change Grants are the single largest investment in environmental justice that has been made by an administration, and a key measure to achieve the administration's goal of ensuring that 40% of federal clean energy investment benefits flow to disadvantaged communities. The Biden administration's spending on climate and environmental justice measures has been under scrutiny by Republican lawmakers seeking to undercut the president's climate agenda. "This historic, unprecedented funding has the promise to turn disadvantaged and overburdened areas into healthy, resilient, and thriving communities for current and future generations,” EPA Administrator Michael Regan said. The EPA will review applications on a rolling basis and encouraged applicants to apply as early as possible.

Persons: Michael Regan, Daniel Yergin, Callaghan O'Hare, Valerie Volcovici, Franklin Paul Organizations: P Global, REUTERS, Rights, Biden, Republican, EPA, Virgin, Franklin Paul Our, Thomson Locations: Houston , Texas, U.S, Alaska, Puerto Rico, Virgin Islands, Guam, Mexico

☆ NRG Energy CEO Exits Amid Board Shakeup
▼ + stars: | 2023-11-20 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Photo: CALLAGHAN O’HARE/REUTERSNRG Energy is replacing its chief executive and adding new members to the board, after a push for new leadership by activist investor Elliott Investment Management. The power company said Monday that Mauricio Gutierrez has stepped down as CEO and resigned from the board. Chairman Lawrence Coben will take over as interim president and chief executive while the board searches for a permanent successor.

Persons: CALLAGHAN O’HARE, Mauricio Gutierrez, Lawrence Coben Organizations: REUTERS NRG Energy, Elliott Investment Management

☆ Dow soars over 500 points as new data shows inflation continues to cool
▼ + stars: | 2023-11-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Stocks climbed on Tuesday as Wall Street cheered the inflation cooldown in the latest economic data for October. The Consumer Price Index rose 3.2% for the 12 months ended in October. That’s down from 3.7% the prior month, according to fresh data from the Bureau of Labor Statistics. That brings the annual increase to 4%, the lowest annual increase since September 2021. The October Producer Price index, retail sales and building permits and housing starts data are also slated for release this week.

Persons: Stocks, That’s, Price, “, ”, Brad Conger, Callaghan Organizations: New, New York CNN, Dow, Nasdaq, Bureau of Labor Statistics, CPI, Treasury, Federal Reserve, Traders, Co, “, Moody’s, Home Depot, Wall Locations: New York

Palacios, Texas, is a small town with a rich history of Vietnamese American shrimpers on the Gulf Coast. The famed Texas brown shrimp went in one bucket. The Texas white shrimp in another. Mr. Nguyen, 63, is one of thousands of Vietnamese refugees who settled along the Gulf Coast after the Vietnam War. Along the way, they overcame the trauma of war and displacement, language barriers and deep-seated prejudice from local residents.

Persons: Vinh Nguyen, Nguyen Locations: Palacios , Texas, Gulf, Matagorda Bay, Texas, Vietnam

☆ Trump calls people imprisoned for U.S. Capitol attack 'hostages'
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Republican presidential candidate and former U.S. President Donald Trump salutes during the national anthem at a campaign rally in Houston, Texas., U.S. November 2, 2023. REUTERS/Callaghan O'Hare Acquire Licensing RightsNov 3 (Reuters) - Former President Donald Trump on Thursday referred to people imprisoned for the Jan. 6, 2021, attack on the U.S. Capitol as "hostages," during a campaign rally, his latest move to embrace his supporters involved in the riot. At the beginning of the event, Trump stood saluting as a song by men who were incarcerated for their role in the attack was played. It features Trump reciting the Pledge of Allegiance and the imprisoned men singing "The Star-Spangled Banner," the national anthem of the United States. Trump has promoted the song before, but his use of the word "hostage" marks his latest effort to portray people involved in the attack as martyrs.

Persons: Donald Trump, Callaghan O'Hare, Trump, Joe Biden, Nathan Layne, Susan Heavey, Scott Malone, Alistair Bell Organizations: REUTERS, U.S, Capitol, Democratic, Republican, Thomson Locations: Houston , Texas, Houston, United States, Wilton , Connecticut, Washington

☆ Shell’s shrinking green pledge risks backfiring
▼ + stars: | 2023-11-02 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

REUTERS/Callaghan O’Hare Acquire Licensing RightsSINGAPORE, Nov 2 (Reuters Breakingviews) - Shell (SHEL.L) CEO Wael Sawan has upped the UK group’s quarterly buyback plan while cutting back on unprofitable low-carbon activities. His pivot back into fossil fuels has shielded the $217 billion company from the wind energy troubles now ensnaring European peer BP (BP.L) and renewables giant Orsted (ORSTED.CO). But the strategy can work only as long as volatile energy prices stay high. Shell’s $6.2 billion third-quarter adjusted net profit shrunk by a third from a year earlier but came in line with analysts’ expectations. So far this year, the total return for Shell’s shareholders has hit 17%, above rivals like BP and TotalEnergies (TTEF.PA).

Persons: Wael Sawan, Daniel Yergin, Callaghan O’Hare, Sawan, Shell, pare, Lisa Jucca, Streisand Neto Organizations: Shell, P Global, REUTERS, Rights, Reuters, BP, EV, Nature Energy, Exxon Mobil, Chevron, Reuters Graphics Reuters, Carbon Solutions, Renewables, Energy Solutions, Thomson Locations: Houston , Texas, U.S, Rights SINGAPORE

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun Khalid Sunil Khandelwal Scott Kilpatrick Jenny Kim Ashley King Joel Klaus Rene Klos Rossitsa, Michael Kondoleon Gregory Kontopoulos Larry Kornreich Shrivathsa Kota Konrad Krallmann Ken Kraska Alexander Kretzberg Bryant Krongard Simon Kubbies Adam Kulik Peter Kulka Ajeya Kumar Aditya Kurella Sara Lachapelle Raagini, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary LeDonne, Allison Lee Michael Lee Soohyun Lee Victoria Lewis Alice Li Qing Li George Lin Ali Lippert David Lipworth Bozhena Lisko, Murphy Mark Littlewood Zhenyi Liu Yelli Lobel Avinash Lobo Burke Loeffler Gabriela Lopez Cristian Lopez, Balboa Carlos Lopez Torrero Stephanie Louie Edward Lowe Reynolds Lowry Fei Luo Ranjan Luthra Sangeetha M Martin Ma Matthew Maciaszek Michael Magee Steffen Mahringer Poonam Majithia Terres Maloney Gopal Manchikanti Jade Mandel, Manfay Varun, Pierre Marboeuf Matt Margolin Thiago Marinheiro Kevin Martens Masato Maruyama Lucinda Mataka Rishi Mathur Pierre Maugest Scott Maxfield Andrei Maxim Michael McClurg Selina McCole Jeff McCown Andrea McGee Sinead McGuigan John McGuinness Benjamin McRoberts Amit Mehrotra Gaurav Mehta Kelly Mellecker Josef Menasche Raf Mercado Alexander Mielke Rachel Miles Christopher Miller Megan Miller Robert Miller Max Minton Edward Mitchell Oliver Money Tyler Moni Anna Montvai Taylor Moore Anthony Moschella Brandon Moy Faraz Munaim Sasha Munn Ashok Musuvathy Negar, Julian Naden Robinson Hiroki Nagamine Srijith Nair Cornelius Namiluko Sanjiv Nanwani Jay Narain Robert Andranik Nazarian Jovan Negovan Ryan Newman Michael Ng, Tasuku Nishihara John Nixon Kristy Nomi Alexandre Nunes Patrick O'Callaghan Yusuke Ochi KC O'Connor David Olivares Erica Olsen Victoria Ortengren Anas, Peter Pace Robert Packwood Nitin, Ellen Pak Ruth Pan Pedro Panizo Jayshri, Rahul Parikh Dan Parisi Freddie Parker Phil Parsons Peter Paruch Paul Pate Bella Patel Preya Patel Rakesh Patel Amit Patni Ed Paulinski Adam Pennacchio Kyle Penton Abhishek Periwal Michael Perrier Yoric Perrin Rasmus Persson Tommy Pinhas, Marco Poletti Megan Prasad Avijit Praveer James Puccinelli Sameer Punde Rob Pyne Na Qiao Valentina Quadri Marco Quirico Anya Radford Abhishek Rai Rahul Raj Ram Rajamony Ryan Ramsay Rami Rankoussi Nach Rao Pawan Rao Anurag Rathi Philip Renton Noel Reyes Ruth Reynolds Timothy Richards Peter Richter Brigid Riley Hutchinson Nick Rill Kristina Ristagno Vicky Ritter Martin Roberson James Roberts James Robinson Giorgio, Erin Roos Erin Ross Sumit Roy Conrad Ryan Soo, Ryu David Sage Jai Sahani Namita, Sarah Sakkej Karim Saleh Ayesha Salman Divya Samani Henrik Samuelsson Ryan Sansalone Vikram Sarker Shalini Satish Babu Charlotte Saury, Hania Schmidt Helene Schmitt Emily Schorr Wendy Schrunk Thomas Schwegler Michael Sciancalepore Brandon Seaman Benjamin Seigel Gamal Selvarajah Nicholas Semeniuk Devjoy Sengupta Michael Shafik Arpan Shah Shashwat Shah Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India

☆ Argentina says fuel shortages should ease soon, imports arriving
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +2 min

Flavia Royon, Argentina's Secretary of Energy, poses for a portrait during the CERAWeek energy conference in Houston, Texas, U.S., March 8, 2023. Ten fuel shipments imported by the government are beginning to arrive, although distribution may take a few days, Energy Secretary Flavia Royon told a local radio station, noting that there would be no abrupt price increases. Royon attributed the shortage in part to tourism during a long weekend and rumors of possible price increases following the Oct. 22 presidential election. Argentine refineries supply 80% of the local market while the rest comes from fuel imports. Among the factors causing the shortage, the companies cited high demand, the presidential elections, the beginning of crop planting and a higher than usual dependence on imports.

Persons: Flavia Royon, Callaghan O'Hare, Lucila Sigal, Walter Bianchi, Daina Beth Solomon, David Gregorio Our Organizations: Energy, REUTERS, Argentine, Axion Energy, Thomson Locations: Argentina's, Houston , Texas, U.S, BUENOS AIRES

REUTERS/Callaghan O'Hare/File Photo Acquire Licensing RightsSept 26 (Reuters) - A federal judge in Texas ruled on Tuesday that the state's new law limiting public drag performances was an unconstitutional restriction on speech and he permanently forbid enforcement of it. "Not all people will like or condone certain performances," U.S. District Judge David Hittner wrote. Hittner ruled that the Texas law was discriminatory and improperly vague. He said drag performances were not inherently obscene, and were the sort of expressive speech protected by the U.S. Constitution's First Amendment. Other federal judges in Tennessee, Florida and Montana have blocked similar new drag restrictions, finding similar free-speech violations.

Persons: Joy, Callaghan O'Hare, David Hittner, Hittner, Jonathan Allen, David Gregorio Our Organizations: REUTERS, District, U.S, American Civil Liberties Union, Thomson Locations: Buddy’s, Houston , Texas, U.S, Texas, Tennessee , Florida, Montana

☆ Australia swelters in 'uncommon' spring heat ahead of likely El Nino event
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Sept 16 (Reuters) - Large parts of Australia were in the grips of "uncommon" spring heat on Saturday, the nation's weather forecaster said, forecasting that record temperatures could be set on Sunday. The heat burst came after the forecaster said this week that indicators of an El Nino weather event had strengthened and it would likely develop between September and November, bringing hotter, drier conditions to Australia. The weather bureau said the "early period of heat" in many parts of the country was "very uncommon during September". "Record September daytime and nighttime temperatures are expected from Sunday through Thursday across inland areas of South Australia, New South Wales and northeast Victoria." Another local, Danielle Vangou, was worried about runners in the Sydney marathon, set to take place on Sunday.

Persons: El Nino, Bella Callaghan, Danielle Vangou, Sam McKeith, Cordelia Hsu, Tom Hogue Organizations: New, Kingsford Smith Airport, Meteorology, Facebook, Sydney, Thomson Locations: Australia, Sydney, Australia's, New South Wales, El Nino, South Australia, Victoria, Bondi, Turkey

REUTERS/Callaghan O'Hare/File Photo Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - The Biden administration is offering $12 billion in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday. "I don't know that this will have an impact on the collective bargaining," Granholm said, adding that the administration has spoken with automakers, auto workers, and communities. The administration will also offer $3.5 billion in funding to domestic battery manufacturers, Granholm said. For the advanced vehicles, $2 billion in grants will come from the Inflation Reduction Act which was passed by Democrats last year, and $10 billion in loans will derive from the Energy Department's Loans Program Office. Reporting by Timothy Gardner in Washington Editing by Bill Berkrot and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Energy Jennifer Granholm, Daniel Yergin, Callaghan O'Hare, Biden, Jennifer Granholm, Granholm, Joe Biden, Shawn Fain, Timothy Gardner, Bill Berkrot, Matthew Lewis Organizations: Energy, P Global, REUTERS, Rights, United Auto Workers, UAW, Detroit Three, Energy Department, Thomson Locations: Houston , Texas, U.S, Michigan, Michigan , Ohio , Illinois, Indiana, Belvidere , Illinois, Washington

☆ US offers $12 billion for automakers, suppliers to make advanced vehicles
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Callaghan O'Hare/File Photo Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - The United States is making $12 billion available in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm told reporters on Thursday. The Biden administration will also offer $3.5 billion in funding to domestic battery manufacturers, Granholm said. For the advanced vehicles, $2 billion of the funding will come from the Inflation Reduction Act which Democrats passed last year, and $10 billion will come from the Energy Department's Loans Program Office, Granholm said. The automaker has left open the possibility that the factory could get a new product with government aid. Reporting by Timothy Gardner in Washington Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Energy Jennifer Granholm, Daniel Yergin, Callaghan O'Hare, Jennifer Granholm, Biden, Granholm, Shawn Fain, Timothy Gardner, Matthew Lewis Organizations: Energy, P Global, REUTERS, Rights, United Auto Workers, UAW, Thomson Locations: Houston , Texas, U.S, United States, Michigan , Ohio , Illinois, Indiana, Belvidere , Illinois, Washington

Competition for buy-side jobs, including at private equity firms and hedge funds, can be fierce. Insider identified the 13 recruiting firms aspiring dealmakers and traders should know for a buy-side job. The buy-side hiring spree is expected to continue despite a slowdown in mergers and acquisitions — a cornerstone of private equity investing. BellCast Partners works with mega funds, middle market funds, infrastructure funds, impact funds, real estate private equity funds, sector-focused funds, sovereign wealth funds, family offices, and credit funds. Today it does searches in private equity, growth equity, distressed, credit, venture capital, hedge funds, family offices, and select investment banks.

Persons: headhunting, Brain O'Callaghan, John Arbolino, Arbolino, Amity, Pamela Esterson, Susanna Nichols, Nichols, Esterson, Danielle Caston Strazzini, Alison Bellino Johnson, BellCast, Caston Strazzini, Jill Pierce, Spencer Stuart, Pierce, —, Brian O'Callaghan, it's, Renee Hylton, Keith Mann, Josh Grauer, Grauer, Mann, Adam Zoia, Annette Krassner, Katie Cunningham, Sarah Armstrong, Cunningham, Armstrong, Anna Brady, Janelle Matthews, Beth Grossman, Brady, they've, Morgan Stanley Eleni Henkel, Henkel, Leah Trabich, HSP, Carlyle, Warburg Pincus, Adam Kahn, Kahn, Anthony Keizner, Keizner, Nina Swift, Marty Brady, Vedica Qalbani, Qalbani, Lindsey Mead, Jessica Wu, Michael Garmisa, SearchOne, Sheri Gellman, Gellman Organizations: Citadel, nab, Boothroyd, Co, Wall, Amity Search Partners, Palm Beach Staff, SG Partners, Bain Capital, Centerbridge Partners, Trian Partners, BellCast, Charlotte Staff, CPI, BellCast Partners, Investor Relations, Nashville, San Francisco, Wharton, Harvard, Stanford, New York Staff, Partners, San Francisco Staff, Los Angeles Staff, TPG, Thoma Bravo, Bessemer Venture Partners, EQT, Elliott, Equity, KKR, ICONIQ, Spectrum Equity, Henkel Search, Search Partners, New York, Oxbridge, Nashville Staff, Time Warner, Indiana University, SG Locations: New York, San Francisco, Austin, San Diego, Chicago, Los Angeles , New York, Phoenix, West Coast, Los Angeles, NYC, California, United States, Boston, Dallas, Atlanta, Columbia, Latin America, Asia, Europe, San Francisco , New York, Bay, Gold, Los Angeles , Greenwich, Nashville, Amity, South Florida

☆ Texas grid operator deploys emergency response service as reserves drop
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo Acquire Licensing RightsAug 17 (Reuters) - The main grid operator in Texas said on Thursday it had engaged its emergency system after electricity reserves dropped below the critical 3,000 MW level due to increased power usage amid a heatwave. ERCOT said it also expected lower power reserves due to reduced wind generation. Real-time power prices rose above $5,000 in most of ERCOT Texas hubs, according to the ERCOT website. The grid operator had earlier urged consumers to conserve power between 3 p.m. CDT (2000 GMT) and 8 p.m. CDT on Thursday as demand surged.

Persons: Callaghan, ERCOT, Ashitha Shivaprasad, Rahul Paswan, Harshit Verma, Swati Verma, Chris Reese, Paul Simao, Diane Craft Organizations: REUTERS, Texas, Discount, NRG Energy, Thomson Locations: Houston , Texas, U.S, Texas, Houston, ERCOT Texas, Bengaluru

Chartbook: Texas electricity consumptionBut the primary driver of record consumption has been the rapid growth in the state’s resident population and economy rather than the weather. Power consumption increased at a compound annual rate of 1.7% between 2003 and 2022 – broadly in line with the compound population increase of 1.6%. Rising population explains almost all the structural increase in power consumption over the last two decades, based on data from the U.S. Energy Information Administration. Given underlying load growth, consumption will continue hitting new records each summer unless temperatures are well below average. Related column:- Don’t blame the weather for Texas power shortages (July 14, 2022)John Kemp is a Reuters market analyst.

Persons: Callaghan, John Kemp, Emelia Sithole Organizations: REUTERS, Electric, of Texas, Climate Prediction, U.S . Energy Information Administration, Thomson, Reuters Locations: Houston , Texas, U.S, Texas, Chartbook

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