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The deal represents a doubling down by Ovintiv on the Permian, where exploration in many areas still promises lucrative returns. Ovintiv will pay cash and also use some of its stock as currency for the deal, the sources said. If the negotiations conclude successfully, a deal could be announced as early as this week, the sources said, cautioning that no deal is certain. The deal will boost the percentage of Ovintiv's production coming from oil, at a time of low natural gas prices. The deal comes as EnCap is attempting to raise a new fund focused on investments in oil and gas production, its first since 2017, sources told Reuters in November.

☆ AI experts disown Musk-backed campaign citing their research
▼ + stars: | 2023-03-31 | by ( Martin Coulter | ) www.reuters.com time to read: +4 min

Civil society groups in the U.S. and EU have since pressed lawmakers to rein in OpenAI's research. Among the research cited was "On the Dangers of Stochastic Parrots", a well-known paper co-authored by Margaret Mitchell, who previously oversaw ethical AI research at Google. Her research argued the present-day use of AI systems could influence decision-making in relation to climate change, nuclear war, and other existential threats. Asked to comment on the criticism, FLI's Tegmark said both short-term and long-term risks of AI should be taken seriously. Twitter will soon launch a new fee structure for access to its research data, potentially hindering research on the subject.

☆ Bitcoin’s correlation with stocks is at its lowest since 2021 as investors grapple with the cryptocurrency's narrative shift
▼ + stars: | 2023-03-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The break became more noticeable in March, as investors rediscovered bitcoin's appeal as alternative banking system as the regional banking crisis unfolded. Bitcoin's correlation with the S & P 500 is now at its lowest since September 2021, after reaching its highest ever in 2022 , according to Coin Metrics. Meanwhile, bitcoin's correlation with gold, a traditionally "risk-off" asset, has risen. This break in correlation is perhaps a sign more investors are waking up to this fact." Bitcoin became more of an institutional asset at the start of 2021 as big investors, short term traders and macro funds jumped into the market.

☆ Bank fears will likely lead to even more market volatility in the week ahead
▼ + stars: | 2023-03-24 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Market turbulence could reign supreme once again in the week ahead, as investors worry about the potential for more trouble rippling through the banking system. The broader market was initially under pressure Friday as investors became jittery about Deutsche Bank . "The market is saying: 'You, the Fed, do not appreciate the slowdown that is going to hit us,'" Chandler said. "The market is going to do a lot better and it held onto its gains despite all the things that rocked the market. He added that market concern about banks has risen, and there is concern credit tightening will hurt the economy.

☆ Interest rate decision: What to expect from the Fed meeting
▼ + stars: | 2023-03-22 | by ( Christine Romans | ) edition.cnn.com time to read: +5 min

Among the choices, the Fed could continue its aggressive rate-hike campaign to cool inflation that is running at triple the central bank’s target of 2%. Warren — already a critic of the Fed’s inflation fight — leveled further blistering criticism of the Republican Fed chief. In addition to achieving price stability and financial stability, the Fed’s broader mandate includes supervision of individual financial institutions, Leer says, and “that’s where the failure lies. “The Fed needs to secure both price stability and financial stability, something that it has failed to so recently,” he told CNN. And this Fed chief inherited an unprecedented economy.

REUTERS/Marton MonusBUDAPEST, March 20 (Reuters) - After the lights dim in Budapest's magnificent Opera House, Ukrainian ballerina Ganna Muromtseva flutters high with undulating arms in the lead role of Tchaikovsky's Swan Lake ballet. Muromtseva was at the peak of her career at the National Opera of Ukraine when the war rewrote all her plans. Her mother plans a visit to see her in Swan Lake at the end of March, which gives her emotional strength. Though the Hungarian State Opera has hired her for another year and she is happy with her new opportunity, Muromtseva would naturally like to return home one day. "I am waiting for this day, that one day I can dance on Kyiv stage again, but for now I have a contract here."

☆ A day trader who returned 380% in 2022 explains why he's keeping his portfolio entirely in cash right now — and how shorting crypto in the face of a recession could lead to another big windfall
▼ + stars: | 2023-03-17 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Mark Szemeszki returned 380% last year by getting into the oil trade and by shorting bitcoin. On a recent podcast, Szemeszki shared the macroeconomic indicators he tracks for his trades. He also explained why he's currently 100% in cash — but why shorting altcoins could soon make sense. But whenever an occasion arises where this correlation inverts, he'll short altcoins as their prices begin to relatively increase. "I always try to position it so even though in the short term I may not be right, in the long term I will be right eventually," he explained.

☆ Looking for the next grey swans
▼ + stars: | 2023-03-17 | 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 EmailLooking for the next grey swansEvan Burfield, seed investor and author, joins CNBC's Eamon Javers and the 'CNBC Special: Taking stock' to discuss how to trade or invest ahead of grey swan events, including mineral insecurity and water shortages.

Just when you thought crypto couldn't get any stranger, bitcoin accidentally births a new breed of NFTs. "I think this is really the start of a fundamental shift in what you can do with bitcoin," said Alex Miller, CEO at bitcoin developer network Hiro. REUTERS/Brendan McDermid/Nonetheless, bitcoin NFTs have built up a head of steam in a short space of time. Satoshis inscribed with NFTs are involved in about 7% of the total number of bitcoin blockchain transactions, according to Glassnode data. "But NFTs on bitcoin are a distraction from the network's core purpose, which is to serve as a permissionless network that is globally available, 24/7, and uncensorable."

March 14 (Reuters) - Imagine digitally inscribing 3D images of objects such as multi-colored spheres onto a tiny fragment of bitcoin. Just when you thought crypto couldn't get any stranger, bitcoin accidentally births a new breed of NFTs. "I think this is really the start of a fundamental shift in what you can do with bitcoin," said Alex Miller, CEO at bitcoin developer network Hiro. Nonetheless, bitcoin NFTs have built up a head of steam in a short space of time. Satoshis inscribed with NFTs are involved in about 7% of the total number of bitcoin blockchain transactions, according to Glassnode data.

☆ Benchmark's Bill Gurley calls Silicon Valley Bank's collapse 'a black swan event' at SXSW, and casts aside criticism of the move to secure its depositors
▼ + stars: | 2023-03-13 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +2 min

Benchmark's general partner Bill Gurley defended the decision to cover SVB's depositors. The venture capital veteran spoke briefly about the bank after interviewing Tim Ferriss at SXSW. Gurley called Silicon Valley Bank's collapse a "black swan event." Gurley retweeted US Senator Mitt Romney Sunday night after federal regulators announced that depositors in Silicon Valley Bank would have full access to their cash. Bill Gurley shared his thoughts at the end of a conversation with Tim Ferriss at SXSW.

☆ You’re Already Moving Toward Your Next Career
▼ + stars: | 2023-03-10 | by ( Joanne Lipman | Photography David La Spina Esto For The Wall Street Journal | ) www.wsj.com time to read: 1 min

More than two-thirds of Americans aren’t feeling engaged with their work, according to a recent Gallup poll, and job unhappiness is at a record high. But how do you figure out what’s next? In the popular imagination, reinvention requires some kind of abrupt transformation or sudden epiphany, a metamorphosis from ugly duckling to swan. Vera Wang from figure skater to bridal designer. It seems unattainable to the rest of us—a big disincentive to even try.

☆ Remember when Gillian Anderson wore this exposed thong on Oscars night?
▼ + stars: | 2023-03-10 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

When she turned around, her thong was fully visible, rising up from the ultra-low Eduardo Lucero jersey dress. Gillian Anderson's fashion choices for the 2001 Vanity Fair Oscars party have become an iconic early 2000s moment. Anderson told a panel in 2016 that the thong was a last-minute decision, not a planned style choice. But when I put it on, my pubic hairs poked through the dress,” Anderson told the moderator and the audience to raucous laughter. As for the fate of the Eduardo Lucero dress, Anderson donated it to a charity auction (sans thong) to benefit research into the genetic disorder Neurofibromatoses, according to her website.

Persons: Julia Roberts, Erin Brockovich, Benjamin Bratt, “, ”, Björk, Gillian Anderson, Eduardo Lucero, Gillian Anderson's, William Conran, wasn’t, Rose McGowan, Halle Berry, Roberts, Valentino, Jennifer Lopez’s, Anderson, I’m, I’d, ” Anderson, Bella Hadid’s, Alexa Demie —, Hailey Bieber, Alexa Demie, Gregg DeGuire, Bieber, Alexander Wang, angiescully ”, Lucero Organizations: CNN, Academy, MTV, Twitter, Yahoo Locations: Paris

☆ Bank of Japan keeps low rates as Kuroda sticks to script at swan song meeting
▼ + stars: | 2023-03-10 | by ( ) edition.cnn.com time to read: +4 min

At its two-day meeting that ended on Friday, the BOJ maintained its short-term interest rate target at -0.1% and that for the 10-year bond yield around 0%. It also left unchanged a band set around the 10-year yield target that allows the yield to rise up to 0.5%. “The decision to uphold policy rates comes at a cost. Many investors expect the central bank to phase out YCC when Kuroda’s successor, Kazuo Ueda, takes the helm in April. “The BOJ will likely abandon its 10-year bond yield target, while maintaining negative interest rates, to arrest distortions in the yield curve,” he said.

☆ A CIO shares the strategy behind 'The Big Short' garage hedge fund that flipped $110,000 to over $80 million — and explains how to use the same approach in today's stock market to make extremely cheap
▼ + stars: | 2023-03-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Universa Investments, a "black swan" hedge fund specializing in market shocks, sensationalized this approach after it made headlines in the first quarter of 2020 for a 4,144% return when the stock market plunged. So what we do for investors is our fund serves as protection against that sort of exogenous event, that sort of crash," Sidial said. In short, it's a bet against the odds in exchange for lofty returns, or what's known as convex payouts. However, if there's a market crash, the volatility on the VIX generally outperforms more than any other underlying securities in the US equities market, he noted. For example,Cambria Tail Risk ETF (TAIL) was up 27% from mid-feb to mid-march 2020 during the stock market crash brought about by the pandemic.

☆ Peacetime Would Be a Black Swan Event For Energy
▼ + stars: | 2023-02-24 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

The “Russia question,” what role the country’s fossil fuels might play in peacetime, may not be the most pressing issue for energy bosses and the investors backing them. The year since Russia invaded Ukraine has been a roller coaster for energy markets. Oil prices have been volatile, with the global Brent benchmark peaking at $133 a barrel in March before falling back around $80 today—below where they traded on the first day of the war. That is nothing compared with natural gas. After Moscow cut pipeline supplies to Europe, the region’s benchmark TTF day-ahead gas price hit a level equivalent to almost $580 a barrel of oil in late August.

☆ Far-right Republican groups surge in swing state Michigan
▼ + stars: | 2023-02-17 | by ( Nathan Layne | ) www.reuters.com time to read: +6 min

[1/6] Candidate for district party chair for Michigan Republican Party Jon Smith speaks with guests during a fundraiser in Hillsdale, Michigan, U.S., February 8, 2023. "What's going on in Michigan is a microcosm of what is going on with the Republican Party nationally," said Michael Traugott, a professor at the Center for Political Studies at the University of Michigan. The judge declined to intervene, leaving it up to Michigan Republican Party officials to set the rules on delegate selection. The top two candidates for state party chair have both promoted conspiracy theories in support of Trump's false claims about voter fraud. "There's some people that are thinking this is the end of the Republican Party," he said.

☆ Apprenticeship programs are becoming more popular as an alternative to college
▼ + stars: | 2023-02-15 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Daniel Swan, 26, started as an apprentice and now works full time as an HVAC technician in California. For Daniel Swan, a 26-year-old father of two, it was simply a means to a well-paying job during an uncertain time. Armed with a technical degree, Swan joined an apprenticeship program with Lee’s Air in Fresno, California, in 2019. More from Personal Finance:How to decide if you should go back to schoolThe cheapest states for in-state college tuitionThe most-regretted college majorsIncreasingly, young adults are rethinking the value of college. As enrollment falls, alternatives such as apprenticeship programs are quietly gaining steam, particularly for families anticipating the sticker shock of a college education, which currently averages around $53,430, including tuition, fees and room and board, at private colleges and $40,550 at public colleges for the 2022-23 school year, according to the College Board.

☆ A Russian claiming to hold secrets about advanced bomber jets turned up at the US southern border seeking asylum: report
▼ + stars: | 2023-02-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Russian claiming to have information on advanced jets sought asylum in the US late last year. He arrived at the southern border in December, with US officials treating his story as credible. The man said he worked on a jet that officials believe is Russia's most advanced strategic bomber. Officials worked to verify his story, and two government officials told Yahoo News that the man's story was deemed credible and significant enough for him to be passed on to the FBI in January. Some are now seeking asylum in Western counties, and are offering Russian secrets in exchange.

☆ Tom Brady’s NFL Swan Song? A Movie About How Great Tom Brady Is
▼ + stars: | 2023-02-09 | by ( Allie Jones | ) www.wsj.com time to read: 1 min

The recently retired quarterback Tom Brady stars in ‘80 for Brady,’ a comedy set around the peak of his NFL career. In the closing scene of “80 for Brady,” the Super Bowl comedy now in theaters, Tom Brady lounges on a beach with four Hollywood A-listers aged 76 to 91. Dressed in floppy hats, caftans and white shorts, they discuss the pros and cons of retirement. “You know I’ve thought a lot about retirement,” Brady says, smirking just a little bit, “but it’d be a shame to retire if you feel like you’ve still got it.”

☆ ChatGPT has investors scrambling to get on the AI bandwagon so much that obscure stocks are soaring just like big-name chip companies
▼ + stars: | 2023-02-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

That's that for the latest Fed talk — but today, we're taking a closer look at the AI hype train passing through the stock market. And small-cap tech stocks with names that nod to bots like BigBear.ai and SoundHound AI have similarly notched gains so far this year. Tech stocks have come back with a "vengeance," Fundstrat's Mark Newton said. It's a necessary step for policymakers to take, the group said, even if it means declines in stock market returns. Wall Street's biggest firms are warning their clients not to trust the stock market rally.

The government declared a "level 4 alarm", calling for international assistance, and a three-month state of emergency in the most affected provinces. 'BLACK SWAN'Reconstruction costs are likely to run to many billions of dollars, straining an economy already hit by 58% inflation. The six-party opposition said only that the government should work "without discrimination" to address the disaster that hit regions including Kurdish communities and Syrian refugees. But Ugur Poyraz, Secretary General of centre-right nationalist IYI Party, said he had toured severely hit areas and as of Tuesday morning seen no sign of emergency rescue workers. "The response of Erdogan's government to this natural disaster might shape the attitude of the floating voter but the loyalties of most voters are already determined."

☆ James Abate's stock fund has nearly doubled its benchmark over 3 tumultuous years. Here's how he says investors should get ready for potential black swan events that could shape 2023.
▼ + stars: | 2023-02-07 | by ( Marley Jay | Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

Kiplinger rates the fund as the best US large-company stock fund from 2020 to 2022. That's not the most encouraging backdrop for stocks, especially since Abate said investors will be less comfortable taking big risks. He added that while the beginning of 2023 has been the opposite of 2022, that's not going to last. For the first black swan, Abate pointed towards the escalation of the Russian-Ukraine crisis, including the recent increase in air defense activity, ground troops, and the shipment of armored vehicles, tanks, and fighter aircraft. As for the second black swan, Abate also highlighted the Japanese government's "unprecedented" and "unsustainable" buying of the yen to boost the currency against others like the dollar.

☆ A 16-year-old girl killed in a shark attack was swimming in a river, not the ocean. Bull sharks — considered by some experts the most dangerous — are the rare species that swims in fresh water.
▼ + stars: | 2023-02-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

But when a 16-year-old girl in Australia was killed in a shark attack on Saturday, she wasn't swimming in the ocean. Bull sharks are considered by many experts to be the most dangerous sharks in the world. Still, although you are more likely to encounter a bull shark in a river than another species, attacks remain uncommon. In 2022, there were 57 unprovoked shark attacks on humans worldwide, according to the Florida Museum of Natural History's International Shark Attack File. Bull sharks, great white sharks, and tiger sharks are the most common species to be involved in an attack.

☆ Girl killed in shark attack on Australia's west coast
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +2 min

Police believe the victim was with friends and jumped off a jet ski to swim with a pod of dolphins in the river when the shark attack occurred. People were being urged to take extra caution in the Swan River around Fremantle in the wake of the mauling. The last fatal shark attack in Western Australian waters was in November 2021 when a 57-year-old man was killed by a great white shark at Perth's Port Beach. A man was severely injured by a bull shark while swimming in the Swan River in January 2021. Australia ranked behind only the United States in the number of unprovoked shark bites on humans in 2021, according to the University of Florida's International Shark Attack File.

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