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A calmer tone set in later on Wednesday, with bond yields retreating. In the U.S. Treasury market -- considered the bedrock of the global financial system -- 10-year yields have jumped as much as 20 basis points (bps) to 4.8% this week alone. Bond yields move inversely to prices, and many asset managers who had held bonds expecting prices to rally are now throwing in the towel. Australian and Canadian 10-year bond yields have surged over 20 bps each this week , , and British 30-year government bond yields hit a fresh 25-year high above 5% on Wednesday . , ,World stocks (.MIWD00000PUS) hit their lowest since April on Wednesday, and the cost of insuring exposure to a basket of European corporate junk bonds hit a five-month high, according to data from S&P Global Market Intelligence.
Persons: Bond, Juan Valenzuela, Artemis, Kevin McCarthy, Jason Lee, Michael Metcalfe, Vikram Aggarwal, that's, Everybody's, you've, Richard McGuire, McGuire, Dhara Ranasinghe, Naomi Rovnick, Alun John, Yoruk Bahceli, Chiara Elisei, Marc Jones, Andy Bruce, Kim Coghill, Toby Chopra Organizations: bund, U.S . Treasury, Federal Reserve, Reuters, ADP, U.S . House, Congress, Hong, REUTERS, Street Global Markets, P Global Market Intelligence, Jupiter, New York Fed, Rabobank, Thomson Locations: Treasuries, British, U.S, Hong Kong, London
In the U.S. Treasury market -- considered the bedrock of the global financial system -- 10-year yields have jumped 20 basis points (bps) to 4.8% this week alone. Bond yields move inversely to prices, and asset managers who had held bonds expecting prices to rally are now throwing in the towel. Australian and Canadian 10-year bond yields have surged over 20 bps each this week , , and British 30-year government bond yields hit a fresh 25-year high above 5% on Wednesday . In a further sign of investor nervousness, the closely-watched MOVE bond volatility index is at a four-month high. (.MOVE)Rise in global yields beyond 10yr average levels Rise in global yields beyond 10yr average levelsRIPPLESGovernment borrowing costs influence everything from mortgage rates for homeowners to loan rates for companies.
Persons: Jason Lee, Bond, Juan Valenzuela, Artemis, Vikram Aggarwal, that's, Everybody's, you've, Richard McGuire, Dhara Ranasinghe, Naomi Rovnick, Alun John, Yoruk Bahceli Chiara Elisei, Andy Bruce, Kim Coghill, Toby Chopra Organizations: Hong, REUTERS, U.S . Treasury, Federal Reserve, Reuters, P Global Market Intelligence, Jupiter, New York Fed, Rabobank, Thomson Locations: Hong Kong, Treasuries, British
Jordanian Dinar, Yuan, Dollar, Canadian Dollar, Pound and Riyals banknotes are seen in this picture illustration taken June 13, 2017. JP Morgan analyst Sin Beng Ong in a note on the pressure it was putting on emerging Asia markets. RICHARD MCGUIRE, HEAD OF RATES STRATEGY, RABOBANK, LONDON:“The markets reflect effectively flying blind because the models don't work, everybody's been calling for a recession that just simply refuses to arrive. "Our view is that the U.S. economy slows into next year... so from that perspective, at some point, we expect it (bond market selloff) to normalise." (Compiled by the Global Finance & Markets Breaking News team)Our Standards: The Thomson Reuters Trust Principles.
Persons: Yuan, Dado Ruvic, BENG ONG, JP Morgan, Sin Beng Ong, RICHARD MCGUIRE, everybody's, you've, VIKRAM AGGARWAL, ” JUAN VALENZUELA, ARTEMIS, , ” NICK NELSON Organizations: REUTERS, OF, JPMORGAN, RABOBANK, LONDON, Federal Reserve, Global Finance, Markets, Thomson Locations: Treasuries, ASIA, SINGAPORE, Asia, U.S
Salesforce Chief Trust Officer Vikram Rao is leaving the company after less than 18 months in the role, according to an internal memo viewed by Insider. In an internal Slack message from earlier this year viewed by Insider, Rao said he was taking time off from June 3 to September 5. He became chief trust officer in June 2022. Salesforce Chief Technology Officer and cofounder Parker Harris will take on Rao's role while Salesforce searches for a replacement, according to the memo. Executive Vice President Mark Carter, whose purview included cybersecurity, left in November and Taher Elgamal, chief technology officer of security, left in February.
Persons: Vikram Rao, Rao, Srinivas Tallapragada, Vikram, Salesforce, Parker Harris, Harris, Neil Storey, Kelly McCracken, Laura Sawka, Jim Weise, Mark Carter, cybersecurity, Taher Elgamal Organizations: Salesforce, Technology, Security Assurance, Insider, Trust, Government Cloud Engineering Locations: Salesforce
India's moon lander and its sidekick rover have not responded to multiple wake-up calls. India's the first country to land near the lunar south pole, but its spacecraft weren't designed to last. But several days after they were set to wake up, the Chandrayaan-3 moon lander and its sidekick lunar rover remain fast asleep. AdvertisementAdvertisementIndian Space Research OrganizationUnfortunately, the Vikram lander and Pragyan rover didn't respond to mission control's message. The technology on both the lander and rover weren't designed to withstand nighttime temperatures on the moon, The New York Times reported, which can reach as low as -334 degrees Fahrenheit, according to NASA.
Persons: Organizations: Service, Indian Space Research Organisation, Space Research, BBC, New York Times, NASA
India's moon rover and lander are set to wake up after a nearly month-long nap. For example, the moon rover confirmed the presence of sulphur in the lunar south pole region. India is the fourth country — after the US, Russia, and China — to land on the moon, and the first to ever land near the lunar south pole. AdvertisementAdvertisementThe lunar south pole region is of particular interest because it contains water ice. India's lunar lander and rover are the first to study the south pole region up-close and sample it directly.
Persons: they'd, ISRO's Vikram, Al Jazeera, Srikanth Organizations: Service, Indian Space Research Organization, ISRO, NASA Locations: Wall, Silicon, India, Russia, China
A security guard stands behind the logo of Indian Space Research Organisation (ISRO) at its headquarters in Bengaluru, India, June 12, 2019. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsBENGALURU, Sept 15 (Reuters) - India is set to conduct a key test in its ambitious crewed space mission Gaganyaan as early as next month, the project director of the mission R. Hutton told Reuters. The Indian Space Research Organisation (ISRO) is currently training four astronauts and looking to expand the cohort as it aims for more future manned missions, Hutton said. ISRO has said it will explore ways to achieve a sustained human presence in space once Gaganyaan is completed. The space agency has previously said its Vikram Sarabhai Space Centre had successfully tested systems for stabilising the crew module and safely reducing its velocity during re-entry.
Persons: Francis Mascarenhas, Hutton, Vikram, Nivedita Bhattacharjee, Blassy Boben, David Holmes Organizations: Indian Space Research Organisation, ISRO, REUTERS, Rights, Reuters, Centre, Thomson Locations: Bengaluru, India, Sriharikota
Citi’s big restructuring has a familiar ring to it
  + stars: | 2023-09-13 | by ( ) www.reuters.com   time to read: +2 min
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake Acquire Licensing RightsNEW YORK, Sept 14 (Reuters Breakingviews) - Jane Fraser is trying to make history. Citigroup’s (C.N) boss said the shake-up she unveiled on Wednesday is the most “consequential changes” to the organization in 20 years. Citi shares gained less than 2% in a flat market following her presentation at the Barclays Global Financial Services conference. The bottom line is that an investor who put $10 into Citi 20 years ago would have just $1 today.
Persons: Jane Fraser, Mike Blake, Michael Corbat, Vikram Pandit, ballyhooed, Fraser, Corbat, BoE, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav Organizations: Citi, Milken, Global Conference, REUTERS, Reuters, Barclays Global Financial Services, JPMorgan, X, Unity, Treasury, UBS, Thomson Locations: Beverly Hills , California, U.S, Asia
In August, India became the first country to successfully land near the moon's south pole. Since touchdown, the moon lander and rover have already made some important discoveries. Both the mission's Vikram lander and its adorable dog-sized Pragyan rover wasted no time in studying the lunar south pole region with the suite of scientific instruments they brought with them. Temperature changes undergroundVikram has also measured the soil temperature near the lunar south pole both on the surface and underground, for the first time. There's still a lot to be learned about the moon's south pole region.
Persons: Vikram, Pragyan, it's, ILSA, There's Organizations: Service, Indian Space Research Organization, ISRO, Planetary Society, Langmuir Locations: India, Wall, Silicon
Attendees look at the brand new Apple iPhone 15 during an Apple event on September 12, 2023 in Cupertino, California. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Apple's new iPhones at old pricesApple announced the iPhone 15 and iPhone 15 Pro, both of which come in a bigger Plus variety, at its annual launch event Tuesday. Surprisingly, Apple kept the price of the iPhone 15 Pro unchanged from last year at $999. [PRO] High oil prices, happy energy stocksOn Tuesday, oil prices hit their highest level since November 2022, according to FactSet data.
Persons: Europe's, Apple, Elon Musk, Vikram Nidamaluri, Vladimir Putin, Elizabeth Warren, Kim Jong Un, Putin, Morgan Stanley, it's Organizations: Apple, CNBC, Oracle, Nasdaq, Lazard, disconnecting, Russia North Korean Locations: Cupertino , California, Russian, U.S, Ukrainian, Crimea, Russia, Pyongyang, Moscow, Ukraine
"I think it's a huge concern," Vikram Nidamaluri, managing director of telecom, media, and entertainment at Lazard, said during a panel at the World Satellite Business Week conference on Monday. "Having such a dominant launch provider is probably not healthy just in general for the commercial prospects of the industry," Nidamaluri added. Nidamaluri echoed concerns about a rocket launch monopoly raised by others in the space industry this year. Rocket launches are a potential bottleneck in the process of flying valuable satellites, spacecraft, and astronauts in orbit. Beyond the U.S. rocket market, SpaceX leads the world in both launches and spacecraft mass delivered to orbit each quarter.
Persons: Vikram Nidamaluri, Lazard, Elon, Nidamaluri, hasn't, Organizations: Telecom, Media, Entertainment, Lazard, SpaceX, Rocket, Falcon Locations: PARIS, China
India's moon lander detected an "event" on the lunar surface that could be evidence of a moonquake. The last time a moonquake was detected was in the 1970s, during NASA's Apollo missions. Now, the many instruments on board the lander and its adorable Pragyan moon rover are helping scientists understand the moon's south pole region better than ever before. And Vikram has detected rumblings underfoot that could be evidence of a moonquake, Live Science reported. Advertisement Advertisement Watch: India becomes the first country to land on the moon's south poleILSA is designed to pick up vibrations on the lunar surface generated by natural quakes, impacts, and artificial events.
Persons: Pragyan, Vikram, ILSA, NASA's Organizations: Service, Vikram, Indian Space Research Organization, ISRO Locations: Wall, Silicon, India
India’s Chandrayaan lunar lander goes to seep
  + stars: | 2023-09-07 | by ( Jackie Wattles | ) edition.cnn.com   time to read: +8 min
The Chandrayaan-3 spacecraft landed on the lunar surface on August 23. The Chandrayaan-3 lander is captured by NASA's Lunar Reconnaissance Orbiter, which is currently in orbit around the moon. The day after landing, the ISRO confirmed that the Chandryaan-3 lander had successfully deployed the six-wheeled lunar rover that had ridden to the surface tucked inside the spacecraft’s body. pic.twitter.com/1g5gQsgrjM — ISRO (@isro) August 26, 2023Together, the lander, which weighs about 1,700 kilograms (3,748 pounds), and the 26-kilogram (57.3-pound) rover are packed with nearly a dozen scientific instruments. Else, it will forever stay there as India’s lunar ambassador,” the ISRO posted on X.
Persons: Narendra Modi, NASA's, , Luna, ove Organizations: CNN, Soviet Union, NASA's Goddard Space Flight, Arizona State University, Indian Space Research Organization, ISRO Locations: India, United States, China, Chandryaan, Russia
Here's how Apollo and EQT use Google Cloud to improve themselves and their portfolio companies. The cloud represents big cost savings and efficiency gains among portfolio companies; for example, buyout firm THL migrated one of its portfolio companies to the cloud to save 50% on annual IT infrastructure costs. PE firms benefit from having their data — and their portfolio companies' data — in one place to gain better business insights and check out opportunities. Using cloud to improve portfolio companies and investment firms themselvesBoosting employee productivity with the cloud and AI is top of mind for Apollo's Mahidhar. Google Cloud's tech talent has also helped Swedish PE giant EQT speed up cloud projects among portfolio companies.
Persons: Vikram Mahidhar, THL, Mahidhar, Carl, Magnus Hallberg, execs, Adaire Fox, Martin, Hallberg, Apollo's Mahidhar, it's, , Zac Maufe, Maufe, it'll, Fox Organizations: Apollo Global Management, Apollo, Google, KKR Locations: EQT, Swedish
After Chandrayaan-3: India's upcoming and past space missions
  + stars: | 2023-08-31 | by ( ) www.reuters.com   time to read: +4 min
Here are highlights of Indian Space Research Organisation's (ISRO) upcoming and past missions:ADITYA-L1Slated for launch on Sept. 2, the Aditya L1 (Aditya is a name for the sun in the Hindi language) is the first Indian space mission to study the sun. PAST MISSIONS:* Chandrayaan-3 - On August 23, India became the first country to safely land a craft in the moon's south pole region. * Chandrayaan-2 - In 2019, ISRO launched its second moon mission, its first attempt to study the lunar south pole. * Mars Orbiter Mission (MOM) - In 2013, ISRO became the fourth space agency to put a spacecraft in the Mars orbit. * Chandrayaan-1 - India's first mission to the Moon was launched successfully in 2008.
Persons: GAGANYAAN, Vikram, Jitendra Singh, Nivedita, Gerry Doyle, Raju Gopalakrishnan Organizations: ISRO, Handout, REUTERS, Rights, Indian Space Research, Centre, NASA, Mars Orbiter, Thomson Locations: India, Bengaluru
Residential solar energy company Sunrun is now trading at an attractive valuation, according to Citigroup. The bank upgraded Sunrun to buy from neutral at the same time it actually lowered its price target by $4 to $21, which still implies almost 40% upside against Tuesday's close. Shares were up 8.5% in premarket trading Wednesday after slumping nearly 37% year to date through Tuesday. Sunrun is "not getting due credit" for numerous catalysts set to drive the stock higher, analyst Vikram Bagri said in a Wednesday note. Sunrun also has a 37% stake in Lunar and potential from SnapNrack and virtual power plants, Citigroup said.
Persons: Tuesday's, Sunrun, Vikram Bagri, Bagri, — CNBC's Michael Bloom Organizations: Citigroup
... ... and here is how the Chandrayaan-3 Rover ramped down from the Lander to the Lunar surface. The Chandrayaan-3 mission touched down on the moon Wednesday, making India the fourth country to complete a successful soft landing on the lunar surface. pic.twitter.com/PseUAxAB6G — ISRO (@isro) August 24, 2023The lander and rover are expected to function for about two weeks on the moon’s surface. Before Chandrayaan-3, only the United States, the former Soviet Union and China had safely landed spacecraft on the moon. Its successful touchdown also came just days after Russia, attempting its first lunar landing since the Soviet era, crash-landed on the moon’s surface after its Luna 25 vehicle misfired.
Persons: Vikram Organizations: CNN, Indian Space Research Organization, ISRO, Rover, isro, Soviet, Luna Locations: India, United States, Soviet Union, China, Russia, Soviet
People in Mumbai celebrate the successful lunar landing of Chandrayaan-3 on the south pole of the Moon on August 23. Chandrayaan-3’s journeyAs Chandrayaan-3 approached the moon, its cameras captured photographs, including one taken on August 20 that India’s space agency shared Tuesday. India’s lunar lander consists of three parts: a lander, rover and propulsion module, which provided the spacecraft all the thrust required to traverse the 384,400-kilometer (238,855-mile) void between the moon and Earth. The lander, called Vikram, completed the precision maneuvers required to make a soft touchdown on the lunar surface after it was ejected from the propulsion module. A view of the moon as viewed by the Chandrayaan-3 lander during Lunar Orbit Insertion on August 5, 2023.
Persons: Vikram, India’s, , Somanath, Abhishek Chinnappa, , Ashish Kumar Verma, Charvi Katare, Shah Rukh Khan, Sachin Tendulkar, “ Humble, Ursula von der Leyen, Narendra Modi, Russia’s Luna, Indranil Mukherjee, Modi, Jaishankar, Sergey Lavrov, ” Lavrov, Somnath, Bill Nelson Organizations: New, New Delhi CNN, Wednesday, Indian Space Research Organization, ISRO, Indian Space Research Organisation, of Scientific, Industrial Research, Twitter, European Union, Russia –, Soviet Union, Workers, Getty Images, ” India’s, NASA Locations: New Delhi, India, Sikh, Mumbai, , Russia, United States, China, Washington, assertiveness, Ukraine, Delhi, Moscow, South Africa, Johannesburg
The Indian mission launched in July, taking a slower, fuel-conscious route toward the moon. Vikram out-endured its Russian counterpart, Luna-25, which launched 12 days. Luna-25 was scheduled to land on the moon on Monday in the same general vicinity as the Indian craft but crashed on Saturday following an engine malfunction. India’s recent efforts in space exploration closely mirror the country’s diplomatic push as an ambitious power on the rise. Indian officials have been advocating in favor of a multipolar world order in which New Delhi is seen as indispensable to global solutions.
Persons: Vikram, Narendra Modi’s Organizations: Soviet Union Locations: India, Russia, Soviet, New Delhi
India landed its first lunar spacecraft, and the first robotic mission on the moon's south pole, on Wednesday. India's Chandrayaan-3 probe defeated all odds on Wednesday after it managed to successfully land on the south pole of the moon, beating competing nations to the strategically important site. With the landing, India has become the fourth nation — after Russia, the US, and China — to land on the moon. AdvertisementAdvertisementThe Chandrayaan-3 mission, which successfully landed the Vikram lander on the south pole of the moon, cemented India's position as a frontrunner in the race to the moon. The south pole is strategically important because scientists believe water ice is present in in the area.
Persons: Narendra Modi, India's, Modi Organizations: Service, Sky News, BBC, Sky, Indian Space Research Organisation Locations: India, Wall, Silicon, Russia, China
CNN —India is on the brink of a historic attempt to land its Chandrayaan-3 spacecraft on the moon that could make it only the fourth nation ever to accomplish such a feat. India’s space agency will livestream the landing attempt starting at 5:20 p.m. IST (7:50 a.m. Previously, only the United States, China and the former Soviet Union have completed soft landings on the lunar surface. Russia’s Luna 25 spacecraft crashed into the moon on August 19 after its engines misfired, ending the country’s first lunar landing attempt in 47 years. Indranil Mukherjee/AFP/Getty ImagesIndia’s mission has taken on even greater significance since Russia’s failed Luna 25 landing attempt.
Persons: nation’s, Russia’s Luna, Vikram, Angela Marusiak, she’s, Marusiak, , ” Marusiak, Satish Dhawan, Indranil Mukherjee, Luna, landers, Artemis, Bill Nelson, India’s Organizations: CNN, Indian Space Research Organization, Soviet Union, University of Arizona’s, Laboratory, Satish Dhawan Space, YouTube, Getty, Japan Aerospace Exploration Agency, United, NASA Locations: India, United States, China, France, Sriharikota, Andhra Pradesh, Mumbai, Israel, Japan, Artemis, Russia
India's moon rover could roll out any minute to collect the first-ever samples of the lunar south pole. It's set to collect the first samples ever of the lunar south pole. The Vikram lander is the first robot to successfully land on the lunar south pole. Inside, it carried the Pragyaan lunar rover, which rolls out and down to the ground on the ramp shown here. Indian Space Research OrganisationThe lunar south pole is thought to be the most water-rich region on the moon.
Persons: Vikram lander's, Robert Braun, Johns Hopkins, ILSA, Braun Organizations: Service, Indian Space Research Organization, New York Times, Exploration, Space Research Locations: Wall, Silicon, India, Mars, Russia, China
In this rush for the lunar south pole, India's space agency, the Indian Space Research Organisation (ISRO), is scheduled to make its new landing attempt on Wednesday. India, Russia, and Israel have all tried and failedRussia is the latest nation to fumble a lunar south-pole landing. If first you don't succeed try, try, againThe landing attempt scheduled for Wednesday will be India's second try. The new Vikram lander will be on its own. So it's the hardest of the hard," said Braun, who has worked on landing and descent teams for multiple NASA missions to Mars.
Persons: Luna, India's, Robert Braun, Rajanish, Vikram, Kailasavadivoo Sivan, Aijaz, Braun, I'm, " Braun Organizations: Service, Indian Space Research Organisation, ISRO, Space Exploration, Johns Hopkins Applied Physics Laboratory, India's Bharatiya Janata Party, AP, Space Research Organization, NASA Locations: Wall, Silicon, India, Mars, Russia, Israel, Mumbai, Bangalore, Mars . India
Racing to Land, or Crash, on the Moon
  + stars: | 2023-08-22 | by ( Jonathan Corum | ) www.nytimes.com   time to read: +4 min
India’s Chandrayaan-3 mission will attempt to land on the moon on Wednesday, and other missions will follow in coming months. Moon imagery from the Lunar Reconnaissance Orbiter Camera via NASA’s Scientific Visualization Studio. NASA’s Lunar Reconnaissance Orbiter flew over the area ten days later but was unable to locate the lander, known as Vikram. Vikram’s impact site 100 METERS Vikram’s impact site 100 METERS Vikram’s impact site 100 METERS Vikram’s impact site 100 METERS A composite image highlighting recent changes on the lunar surface. Hakuto-R’s impact site 50 METERS Hakuto-R’s impact site 50 METERS Hakuto-R’s impact site 50 METERS Hakuto-R’s impact site 50 METERS A composite image highlighting recent changes on the lunar surface.
Persons: Russia’s Luna, Luna, India’s, Vikram, Curtius Manzinus Moretus, Curtius Manzinus Chandrayaan, Japan’s Ispace, Artemis, Eugene A Organizations: ISRO, Soviet Union, European Space Agency, Lunar, Reconnaissance Orbiter, New York Times, NASA, Goddard Space Flight Center, Arizona State Univ, Goddard Space Flight, Future Missions Japan, JAXA, Univ, Apollo Locations: Soviet, United States, Japan, India, China, Israel, Arizona, Indian, Hakuto
Baird says Netflix shares can once again trade at $500
  + stars: | 2023-07-24 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
The successful execution of Netflix 's advertising-enabled subscription tier and paid sharing crackdown is among the major reasons Baird believes shares could trade at a price not reached in more than a year. Senior analyst Vikram Kesavabhotla upgraded the streaming stock to outperform and raised his price target by $160 per share to $500. Kesavabhotla's new target implies the stock could rally 17% from Friday's close to trade at a price not seen since early 2022. A firm survey shows Netflix is maintaining popularity among customers despite the changes. Following its second-quarter earnings report , Kesavabhotla said Netflix is entering a "period of particular strength."
Persons: Baird, Vikram Kesavabhotla, Kesavabhotla, he's, Michael Bloom Organizations: Netflix, CNBC Locations: U.S
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