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A negotiating team representing the South American country has held settlement talks with some of those creditors and holders of defaulted PDVSA bonds. The U.S. has shielded Houston-based Citgo from creditors since the company in 2019 severed ties with its ultimate parent, Venezuela's state oil firm Petroleos de Venezuela (PDVSA.UL), which is controlled by President Nicolas Maduro. Horacio Medina, chief of the board that supervises Citgo, did not immediately reply to a request for comment. A sales process for Citgo shares that could begin as soon as September is under consideration by a U.S. judge in Delaware. Venezuela this month lost a separate appeal trying to block new creditors from attaching to the Delaware case.

Persons: Nicolas Maduro, Horacio Medina, Citgo, PDVSA's, PDVSA, Katherine Polk Failla, Marianna Parraga, Gary McWilliams, Matthew Lewis Organizations: U.S . Treasury Department, Treasury, Crystallex International, ConocoPhillips, Siemens Energy, Tree Investments, U.S, Huntington Ingalls Industries, ACL1 Investments, Rusoro, Koch Industries, New, Thomson Locations: Venezuela, Petroleum, U.S, Houston, Petroleos, Delaware, New York, Manhattan

☆ Bank results lift stocks; Dow up for seventh straight session
▼ + stars: | 2023-07-18 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

Shares of other banks such as Bank of New York Mellon (BK.N) and PNC Financial (PNC.N) also rose on Tuesday after they reported quarterly results. "I always hate to extrapolate the big bank earnings, which are always the first ones, to the rest of the market. The S&P 500 banks index (.SPXBK) advanced to its highest intraday level since March 10, when the start of a mini-bank crisis created a sharp sell-off in the sector. Charles Schwab (SCHW.N) shot higher as the best performer on the S&P 500 after the brokerage posted a smaller-than-expected drop in quarterly profit. Equities have rallied recently, with the S&P 500 and Nasdaq climbing to 15-month highs on data showing economic resilience, cooling inflation and a solid labor market.

Persons: Morgan Stanley, Tim Ghriskey, Ingalls & Snyder, JP Morgan, Charles Schwab, Bernstein, Chuck Mikolajczak, Richard Chang Organizations: Bank of America, Dow, Reuters Graphics Bank of America, Bank of New York Mellon, PNC Financial, PNC, Ingalls &, Nasdaq, Dow Jones, Technology, Microsoft, Thomson Locations: New York

☆ Where to invest $10,000 right now if you want to generate the most income, without a ton of risk
▼ + stars: | 2023-07-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Meanwhile, preferred securities can see yields around 7%. The Fed's rate hikes also sweetened yields on money market funds and certificates of deposit . Yet what is the best avenue for someone who is looking to generate the most income on a $10,000 investment — without taking on a lot of risk? The ICE BofA Fixed Rate Preferred Securities index, which tracks the performance of fixed-rate preferred securities, has a yield to maturity of 7.1%. "Right now you can't do better … than just owning short- to intermediate term high-grade fixed income," he said.

Persons: There's, Tom Graff, Mitch Goldberg, Goldberg, laddering, you'll, Ian Weinburg, Weinberg, Tim Ghriskey, Snyder, haven't, Ghriskey, Bonds, he'd, Graff Organizations: Treasury, Federal Reserve, Federal, CNBC Pro, Family Wealth, Pension Management, Ingalls, ICE, Securities, Citigroup, XIII, Index, SEC Locations: Baltimore, Melville , N.Y, Woodbury , N.Y, New York, Treasurys, preferreds

☆ Rachel Ingalls Considers a Fix for Marital Ennui: Sex Robots
▼ + stars: | 2023-07-08 | by ( Audrey Wollen | ) www.nytimes.com time to read: +1 min

Helen and her husband, Edgar, were not getting along, pre-fembot. It is unclear if Helen registers Dolly’s existence as infidelity or as the embodiment of Edgar’s self-serving neglect, the product of thousands of hours spent apart. Perhaps those assessments are one and the same. Helen stuffs Dolly into a suitcase and stashes it in a train-station locker while she negotiates an appropriate ransom with Edgar: a sex robot of her own, the Ken to his Barbie. An A.I.-only open marriage?

Persons: Helen, Edgar, Dolly, Ken, Barbie, Ron, it’s

July 7 (Reuters) - A U.S. court of appeals on Friday rejected Venezuela's bid to prevent six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets. The decision allows the six to move ahead with their about $3 billion in combined claims against Venezuela state oil firm PDVSA in a Delaware federal court. That court is in the initial steps of preparing an auction as soon as September. It also declined to consider PDVSA's request to bar the attachments from the district court case. Reporting by Gary McWilliams; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Venezuela's, Crystallex, Gary McWilliams, Daniel Wallis Organizations: Petroleum, Huntington Ingalls Industries, ACL1 Investments, Koch Minerals, Rusoro Mining, PDV, Thomson Locations: Venezuela, Delaware

"There's a lot of data we're going to see here over the next several weeks as we head to the end of July Fed meeting. The pan-European STOXX 600 index (.STOXX) lost 0.78% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.39%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 0.84% lower, while Japan's Nikkei (.N225) lost 0.25%. The U.S. dollar was holding steady against other major currencies as traders awaited the Fed minutes. The dollar index rose 0.097%, with the euro down 0.04% to $1.0873.

Persons: Mike Segar, Tim Ghriskey, Ingalls & Snyder, Data, Sterling, Brent, Sinéad Carew, Tom Wilson, Stella Qiu, Dhara, Sam Holmes, Helen Popper, Christina Fincher Organizations: Wall, New York Stock Exchange, REUTERS, U.S . Federal Reserve, Treasury, Federal, Investors, Tuesday's, Independence, Ingalls &, Dow Jones, Nasdaq, Japan's Nikkei, Traders, U.S, Brent's, Thomson Locations: Manhattan, New York City , New York, U.S, Tuesday's U.S, New York, Asia, Pacific, Japan, Saudi Arabia, Russia, London, Sydney

☆ Total solar eclipse: What to expect during the 2024 event
▼ + stars: | 2023-06-23 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —Sky-gazers across North America are in for a treat in 2024 when a total solar eclipse will pass over Mexico, the United States and Canada. The last total solar eclipse visible from the US occurred on August 21, 2017. During a total solar eclipse, the sky will darken as it would at dawn or dusk, and there are several stages of the eclipse that sky-gazers anticipate. The total solar eclipse will be visible in parts of Mexico, Canada and more than 10 US states, while the partial solar eclipse is expected to appear in 49 states — weather permitting. A map shows the path of the annular solar eclipse in October in yellow circles and the 2024 total solar eclipse in blue circles.

Persons: Aubrey Gemignani, NASA That’s, It’s, Prince Edward Island, Ross, Bill Ingalls, you’re, ”, Kelly Korreck, “, Carla Thomas, Joel Kowsky Organizations: CNN, NASA, Astronauts, Space Station, NASA Armstrong, Research, Gulfstream, Amateur, Telescope Locations: North America, Mexico, United States, Canada, Madras , Oregon, Ocean, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Maine, Ontario, Quebec , New Brunswick, Prince, Nova Scotia, Newfoundland, Central, South America, Oregon, Texas, Gulf, Oregon , Nevada , Utah, New Mexico, California , Idaho , Colorado, Arizona, Belize, Honduras, Panama, Colombia, Natal, Brazil, Ross Lake, Northern, Washington

☆ Rallying U.S. stocks are pulling in sidelined investors, Deutsche Bank says
▼ + stars: | 2023-06-12 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +2 min

NEW YORK, June 12 (Reuters) - A steadily rising U.S. stock market appears to be drawing investors off the sideline, one measure of market positioning showed. Positioning among discretionary investors - a cohort that includes everyone from portfolio managers to retail investors - broke out of its one-year underweight range and went above neutral for the first time since February, data from Deutsche Bank showed Friday. The shift comes after months during which discretionary investors sat on the sidelines while systematic investors - funds that take a repeatable data-driven approach and rely on computers to identify investment opportunities - have been steady buyers, according to Deutsche Bank. The S&P 500 index extended its gain last week to 20% from its October lows - one definition of a bull market. "A lot of it has to do simply with stocks moving up ... buyers attract more buyers," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder.

Persons: Tim Ghriskey, Ingalls & Snyder, Saqib Iqbal Ahmed, Ira Iosebashvili, Nick Zieminski Organizations: YORK, Deutsche Bank, Stocks, Ingalls &, Federal, Thomson

☆ Behold Wall Street's new bull market, maybe
▼ + stars: | 2023-06-08 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

Part of the uncertainty is that there is no set definition of a bull or bear market, or any sort of regulatory body that declares one, such as the National Bureau of Economic Research (NBER) does with recessions. The most commonly accepted definition is a 20% rise off a low for a bull market and a 20% decline from a high for a bear market, but even that is open to interpretation. "I just think it was a blip within a longer-term bear market." "Certainly it's a bull market in big-cap technology. I wouldn't call it a bull market in a broad market sense, because there are only certain stocks that are really in what we would call bull market territory, and it's just not a broad enough move to call it a sustainable bull market," said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York.

Persons: Howard Silverblatt, Dow, Silverblatt, Sam Stovall, Stovall, Dan Suzuki, Richard Bernstein, Suzuki, it's, Tim Ghriskey, Ingalls, Snyder, Ned Davis, Chuck Mikolajczak, Noel Randewich, Lewis Organizations: YORK, National Bureau of Economic Research, Reuters Graphics Reuters, Dow Jones, Richard, Richard Bernstein Advisors, Nvidia, Ned Davis Research, Thomson Locations: New York

The S&P 500 on Friday closed at its highest level in over nine months after a report showed that wage growth moderated in May. The S&P 500 declined 0.20% to end the session at 4,273.79 points. Of the 11 S&P 500 sector indexes, seven declined, led lower by industrials (.SPLRCI), down 0.71%, followed by a 0.58% loss in energy (.SPNY). Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 1.5-to-one ratio. The S&P 500 posted 17 new highs and four new lows; the Nasdaq recorded 90 new highs and 54 new lows.

Persons: Tim Ghriskey, Ingalls, Snyder, Sruthi Shankar, Shristi, Noel Randewich, Marguerita Choy Organizations: Alto Networks, Nasdaq, Dow, U.S . Federal, Apple, Apple Inc, Pro, Nvidia Corp, Tesla Inc, Nvidia, Microsoft Corp, Institute for Supply Management, Fed, Traders, Dow Jones, Palo Alto Networks, Dish Network Corp, Big, Wall Street Journal, Thomson Locations: China, U.S, New York, Palo, Big U.S, Bengaluru, Oakland, Calif

The debt deal capped national security spending in fiscal 2024 at $886 billion, which is what U.S. President Joe Biden requested. Ordinarily, some of the $16 billion worth of unfunded priorities would get tacked on, as well as billions worth of lawmaker initiatives. In recent years Congress has increased defense spending by more than any president requests, generally by tens of billions of dollars. This year, the debt ceiling deal could make that more difficult. That Ukraine supplemental spending request is now expected to include a broader range of military spending and could include some items and pet projects left behind.

Persons: Joe Biden, Abrams, Lockheed Martin, Biden, Mackenzie Eaglen, Eaglen, Mike Stone, Patricia Zengerle, David Holmes Organizations: U.S, Department of Defense, General Dynamics, Lockheed, Huntington Ingalls Industries, Congressional, Pentagon, Congress, Democratic, Republican, American Enterprise Institute, Thomson Locations: Ukraine, Washington

☆ Dow, S&P edge up as data, debt ceiling curb gains
▼ + stars: | 2023-05-15 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

The Dow Jones Industrial Average (.DJI) rose 47.98 points, or 0.14%, to 33,348.6, the S&P 500 (.SPX) gained 12.2 points, or 0.30%, to 4,136.28 and the Nasdaq Composite (.IXIC) added 80.47 points, or 0.66%, to 12,365.21. Meta Platforms Inc (META.O) climbed 2.16% as one of the top boosts to both the Nasdaq and S&P 500 after Loop Capital upgraded it to "buy" from "hold." Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 11, 2023. REUTERS/Brendan McDermidIn a relatively light week for economic data, investors will focus on retail sales, weekly jobless claims and housing data. The S&P 500 posted nine new 52-week highs and seven new lows; the Nasdaq Composite recorded 59 new highs and 136 new lows.

☆ A Navy jet just landed on the aircraft carrier USS Nimitz for the 350,000th time, but the famous flattop's days are numbered
▼ + stars: | 2023-05-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

A fighter jet landed on the USS Nimitz for the 350,000th time — a historic milestone. The aircraft carrier became the first in active service to hit that mark after 48 years in the Navy. Aircraft carrier USS Dwight D. Eisenhower has recorded 326,600 arrested landings, the next highest total. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr.

Investors will look for clues on whether inflation is continuing to ease following the Labor Department's consumer price index (CPI) report on Wednesday. Shares of PayPal Holdings (PYPL.O) dropped and pressured the benchmark S&P 500 after the company cut its margin forecast. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023. Under Armour Inc (UAA.N) fell 5.66% as the sports apparel maker forecast its annual sales and profit below street expectations. The S&P 500 posted 14 new 52-week highs and 14 new lows; the Nasdaq Composite recorded 77 new highs and 171 new lows.

HOUSTON, May 8 (Reuters) - A U.S. court of appeals has granted Venezuela a temporary stay preventing six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets. The companies had won conditional attachments to a federal case in which the judge has approved a process to auction the shares to pay a $970 million judgment won by miner Crystallex. The six hold arbitration awards or judgments that total about $2.6 billion and wanted those awards to be included in the auction. The proposed auction, which could break up the seventh largest U.S. refiner to pay creditors, took a giant step forward last month with a greenlight from the U.S. Treasury. Washington has since recognized the opposition-led congress as the entity controlling the refining subsidiary, extending protection to prevent its breakup at the hands of Venezuela creditors.

☆ Instant View: Fed hikes another 25 basis points, hints it may be the last increase
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +7 min

TOM GARRETSON, STRATEGIST, RBC PORTFOLIO ADVISORY GROUP, MINNEAPOLIS, MINNESOTA"It was a pretty dovish rate hike today. The expectations were that it might be a bit more of a hawkish rate hike in terms of leaving the door open to further hikes if needed." "The updated language in the policy statement does suggest the bar is going to be quite high for further rate hikes. … The market is hoping or expecting the Fed to pause after this rate hike. From a consumer credit perspective, the impact of further rate hikes will likely continue to be felt by borrowers across a range of industries.

☆ Wall Street near flat after First Republic news, awaiting Fed
▼ + stars: | 2023-05-01 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The Fed, which has been raising rates to cool inflation, is expected to hike rates an additional 25 basis points on Wednesday. REUTERS/Brendan McDermidEnergy (.SPNY) was down the most of the major S&P 500 sectors, falling 1.3% as crude oil prices declined , . First-quarter results from S&P 500 companies have mostly beaten expectations, easing economic concerns. The S&P 500 technology index (.SPLRCT) climbed 0.2% on Monday, offsetting some of the day's weakness. The S&P 500 posted 35 new 52-week highs and one new low; the Nasdaq Composite recorded 88 new highs and 188 new lows.

☆ Wall Street near flat ahead of Fed decision; regional banks fall
▼ + stars: | 2023-05-01 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

JPMorgan will pay the U.S. Federal Deposit Insurance Corp $10.6 billion to take control of most of the regional bank's assets. The S&P 500 banks index (.SPXBK) was up 0.5%, but the KBW regional banking index (.KRX) was down 2.2%. Investors have been on edge about the banking system's health following the collapse of two other regional banks in March. First-quarter results from S&P 500 companies have mostly beaten expectations, easing economic concerns. The S&P 500 posted 35 new 52-week highs and one new low.

☆ For only the second time in its history, the US Navy is beginning the slow, tricky process of taking apart a nuclear-powered aircraft carrier
▼ + stars: | 2023-05-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

In April, the Navy published a notice announcing the beginning of planning to scrap the USS Nimitz. But Nimitz will be only the second nuclear-powered carrier to go through deactivation and defueling. The Nimitz would only be the second American nuclear-powered carrier scheduled to be scrapped. The first is the USS Enterprise, which was commissioned in 1961 and was also the world's first nuclear-powered carrier. The private shipyard will probably be in Alabama, Texas, or Virginia, according to a draft environmental impact statement posted on a special Navy carrier disposal website.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Instant View: US March PCE price index shows high, but cooling, inflation
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +5 min

The personal consumption expenditures (PCE) price index gained 0.1% in March after rising 0.3% in February. In the 12 months through March, the PCE price index increased 4.2% after climbing 5.1% in February. "Will the Fed raise rates at the May meeting. I don't think it'll influence them one way or another but we expect them to raise rates again. I don’t think it’s going to impact the Fed much if at all.

☆ U.S. extends Citgo's protection from creditors for three months
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, April 19 (Reuters) - The U.S. on Wednesday extended for three months a license that protects Venezuela-owned oil refiner Citgo Petroleum (PDVSAC.UL) from creditors trying to seize its assets to recoup pending debts. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) extended the general license until July 20, according to the department's website. Washington has since 2019 recognized the opposition-led congress as the entity controlling the refining subsidiary, extending protection to prevent its breakup at the hands of Venezuela creditors. O-I Glass Inc (OI.N), Huntington Ingalls Industries (HII.N), ACL1 Investments, Rusoro Mining Ltd (RML.V) and Gold Reserve (GRZ.V) separately have won attachments contingent on obtaining U.S. Treasury approval to seize assets, or an end to the Treasury protection. ConocoPhillips (COP.N) separately has a claim against Venezuela valued at $1.29 billion over the nationalization of its oil assets in the country.

☆ Mysterious glowing 'SpaceX spirals' in the night sky seem to be linked to rocket launches
▼ + stars: | 2023-04-19 | by ( Rebecca Cohen | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

It's likely a cloud of excess fuel from a SpaceX rocket launched earlier that day. "SpaceX spirals" are rare, but they may be getting more common. These spirals are appearing shortly after SpaceX rocket launches, and are probably residual fuel the rockets released during flight, space physicist Don Hampton told the Associated Press. SpaceX spirals, jellyfish, and smoke rings may happen more oftenThis is the third time in the past year that a Falcon 9 rocket has appeared to produce a SpaceX spiral. A SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft launches at Cape Canaveral, Florida.

☆ PDVSA's supervising board to appeal new creditors' move to go after Citgo
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

HOUSTON, March 31 (Reuters) - A board that supervises Venezuela's overseas assets said it plans to file an appeal to a U.S. court's decision granting four firms the right to seize shares in one of the parent companies of Venezuela-owned U.S. refiner Citgo Petroleum. Other companies have sought to attach their own judgments to the case, leading to a feud this week among attorneys over priority. The decision by a U.S. judge in Delaware to approve the attachments is contingent on green light by the U.S. Treasury Department. An ad-hoc board created by Venezuela's National Assembly in 2019 to supervise PDVSA's foreign subsidiaries, especially Houston-based Citgo Petroleum, will oppose any conditioned auction, board's president Horacio Medina told Reuters. Reporting by Marianna Parraga and Gary McWilliams Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

The Fed's policy-setting committee raised interest rates by another quarter of a percentage point in a unanimous decision on Wednesday, lifting its benchmark overnight interest rate to the 4.75%-5.00% range. Fed officials still feel that "some additional policy firming" may be needed, and they penciled in one more quarter-of-a-percentage-point rate increase by the end of the year. The yield on the 2-year Treasury note , which is highly sensitive to Fed rate expectations, was down more than 21 basis points in the session. Financial markets went a step further, betting that the Fed won't raise rates any further from here and will be reducing them by this summer. "The Fed has been spooked by Silicon Valley Bank and other banking turmoil.

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