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☆ The top 10 most popular podcasts of 2023, according to Apple
▼ + stars: | 2023-11-29 | by ( Haley Tenore | ) www.businessinsider.com time to read: +8 min

Apple has released a list of the 10 most popular podcasts of 2023. Apple shared a roundup on Tuesday of the most popular podcasts of 2023. But today, we will be focusing on the top 10 podcasts overall, according to Apple. Denise Truscello"Stuff You Should Know" will, according to Apple Podcasts, teach you everything you need to know about science, history, religion, crime, and more. It is the top health and fitness-related podcast on Apple Podcasts and Spotify, according to the podcast's website.

Persons: Apple, —, Josh Clark, Chuck Bryant, Denise Truscello, Clark, Byrant, Shankar Vedantam, Chance Yeh, Andrew Huberman, Mark Zuckerberg, Priscilla Chan, Drew Angerer, Alaina Urquhart, Ash Kelley, Urquhart, Kelley, Glass, Astrid Stawiarz, Ira Glass, Chicago that's, Jason Bateman, Will Arnett, Sean Hayes, Frazer Harrison, Manny Carabel, Amy Sussman, Getty, Ryan Reynolds, Jennifer Aniston, Will Ferrell, Adam Sandler, Gary Hershorn, It's, Michael Barbaro, Sabrina Tavernise, Ashley Flowers, Audiochuck, Brit Prawat Organizations: Apple, Service, SYSK, NPR, The Washington Post, National Public, Public Radio Exchange, Getty, NBC NBC Dateline, NBC, Nielsen Media Research, The New York Times Locations: Stanford, Boston

These deals help banks meet capital requirements more efficiently, allowing them to keep lucrative businesses that would otherwise become unprofitable. Investors in these deals include lightly-regulated entities like hedge funds, shifting risk to the shadow banking sector. Credit risk transfer is another tool for them to pursue after the Fed’s clarification on what is allowed, said Cory Wishengrad, head of fixed income at Guggenheim Securities. That means Merchants sold the riskiest tranche of the loan portfolio, maximizing the capital relief it could get on it. Whether U.S. regulators will allow such insurance deals to qualify for capital relief is still untested, Staudinger said.

Persons: Morgan Stanley, Blackstone, Jill Cetina, Jon, Claude Zucconi, Zucconi, Michael Barr, Barr, Banks, Missy Dolski, Sam Graziano, Graziano, Cory Wishengrad, Jed Miller, Taft, Morgan Stanley's, Morgan, Deborah Staudinger, Hogan Lovells, Staudinger, Shankar Ramakrishnan, Paritosh Bansal, Nick Zieminski Organizations: Blackstone Group, JPMorgan Chase, Merchants Bank of Indiana, US Bancorp, Investors, JPMorgan, Merchants Bank, Federal Reserve, Varde Partners, Financial, Guggenheim Securities, U.S . Bank, Fed, Reuters, Merchants, Thomson Locations: U.S, Wickersham, Europe, Indiana

☆ Indian tunnel rescue set to take much longer after drill damaged
▼ + stars: | 2023-11-25 | by ( Saurabh Sharma | ) www.reuters.com time to read: +4 min

Pushkar Singh Dhami, chief minister of Uttarakhand state said on Saturday the damaged drilling machine would be taken out by Sunday morning, allowing manual drilling to start. On Saturday morning the trapped workers, all migrants, were "very worried", said Sunita Hembrom, whose brother-in-law Birendra Kishku, 39, is in the tunnel. A rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 41 workers who are stuck inside following a landslide. The rescue plan involves pushing a pipe wide enough to pull the trapped men out on wheeled stretchers. Rescue workers rehearsed the evacuation by going into the pipe and being pulled out on stretchers, a video clip provided by the authorities showed.

Persons: Shankar Prasad Nautiyal, Pushkar Singh Dhami, Syed Ata Hasnain, Sunita Hembrom, Birendra Kishku, Rohit Gondwal, Narendra Modi's, Saurabh Sharma, Krishn Kauhsik, Jacqueline Wong, Mark Potter Organizations: REUTERS, Authorities, National Disaster Management Authority, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Wall St ends mixed in truncated Black Friday trading
▼ + stars: | 2023-11-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) closed nominally higher, while the Dow (.DJI) eked out a modest gain. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Of the 11 major sectors in the S&P 500, nine ended with gains, led by healthcare (.SPXHC). The S&P 500 posted 23 new 52-week highs and no new lows; the Nasdaq Composite recorded 77 new highs and 51 new lows. Volume on U.S. exchanges was 4.97 billion shares, compared with the 10.49 billion average for the full session over the last 20 trading days.

Persons: Peter Cardillo, Cardillo, Brendan McDermid, decliners, Stephen Culp, Sruthi Shankar, Shristi, Richard Chang Organizations: Nvidia, Vista Outdoor, Colt, Dow, Nasdaq, Spartan Capital Securities, Retailers, U.S, Insider Intelligence, Commerce, New York Stock Exchange, REUTERS, PMI, Dow Jones, Communication, Reuters, Czech, Xpeng, Volkswagen, NYSE, Thomson Locations: China, New York, U.S, New York City, Bengaluru

☆ Futures drift in shortened trading session
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Futures: Dow up 0.23%, S&P climbs 0.11%, Nasdaq off 0.01%Nov 24 (Reuters) - U.S. stock index futures were largely muted on Friday in a shortened trading session for Thanksgiving, although Wall Street looked on course to extend its weekly winning run on optimism that U.S. interest rates have peaked. The benchmark S&P 500 (.SPX) is about 1% away from setting a new high for the year. U.S. stock markets were shut on Thursday for the Thanksgiving holiday and will open for a truncated session ending at 1:00 p.m. ET, Dow e-minis were up 80 points, or 0.23%, S&P 500 e-minis were up 5 points, or 0.11%, and Nasdaq 100 e-minis were down 2 points, or 0.01%.

Persons: Brendan McDermid, Joshua Mahoney, Sruthi Shankar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal, Walmart, Composite, Dow e, Nvidia, Reuters, Volkswagen, Thomson Locations: New York City, U.S, China, Bengaluru

☆ Drilling snag delays rescue of 41 men stuck in Indian tunnel
▼ + stars: | 2023-11-24 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

Hindu priests pray at a makeshift shrine outside the entrance of a tunnel where workers are trapped after the tunnel collapsed in Uttarkashi, in the northern state of Uttarakhand, India, November 23, 2023. The men, low-wage construction workers, have been confined in the 4.5-km (3-mile) tunnel in Uttarakhand state since it caved in early on Nov. 12. Attempts to pull them out by drilling through the debris of rock, stones and metal and pushing through an evacuation pipe have been slowed by snags. The collapsed tunnel is on the Char Dham pilgrimage route, one of the most ambitious projects of Prime Minister Narendra Modi's government. It aims to link four key Hindu pilgrimage sites with 890 km (550 miles) of two-lane road, at a cost of $1.5 billion.

Persons: Shankar Prasad Nautiyal, Rescuers, Deepak Patil, Narendra Modi's, YP Rajesh, Lincoln Organizations: REUTERS, Authorities, snags, Reuters, National Highways Authority, YP, Thomson Locations: Uttarkashi, Uttarakhand, India

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. The benchmark S&P 500 (.SPX) is about 1% away from setting a new high for the year. The S&P 500 retail sector (.SPXRT) sub-index was, however, down 0.4%. Advancing issues outnumbered decliners by a 1.61-to-1 ratio on the NYSE and by a 1.54-to-1 ratio on the Nasdaq. Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Greg Bassuk, Sruthi Shankar, Shristi, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Nvidia, Dow, Nasdaq, Federal, AXS Investments, Insider Intelligence, Composite, Dow Jones, Reuters, Czech, Colt CZ, Volkswagen, NYSE, Thomson Locations: New York City, U.S, China, New York, Bengaluru

☆ Indian rescuers hope to reach 41 trapped in tunnel on Thursday
▼ + stars: | 2023-11-23 | by ( Saurabh Sharma | ) www.reuters.com time to read: +3 min

SILKYARA, India, Nov 23 (Reuters) - Rescuers in India hope to finish drilling through debris on Thursday and free 41 men trapped in a highway tunnel in the Himalayan region after a metal obstacle slowed progress, officials said. The men began the twelfth day of their ordeal confined in the 4.5-km (3-mile) tunnel in Uttarakhand state since it caved in early on Nov. 12. Once the drill breaks through, officials said they plan to send rescuers through the evacuation pipe, using stretchers on wheels, to bring out the trapped men. [1/2]An ambulance arrives at the tunnel where workers are trapped after the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 23, 2023. REUTERS/Shankar Prasad Nautiyal Acquire Licensing RightsA rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 41 workers who are stuck inside following a landslide.

Persons: Atul Karwal, Bhaskar Khulbe, Shankar Prasad Nautiyal, Pushkar Singh, Gabbar Singh Negi, Saba Ahmed, Narendra Modi's, YP Rajesh, Clarence Fernandez Organizations: Authorities, Force, Rescuers, REUTERS, National Highways Authority, YP, Thomson Locations: SILKYARA, India, Uttarakhand, Uttarkashi, Pushkar

☆ Indian rescue effort for 41 trapped in tunnel breaks through steel obstacle
▼ + stars: | 2023-11-23 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/2] An ambulance arrives at the tunnel where workers are trapped after the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 23, 2023. Once the drilling is completed, officials plan to send rescuers through the evacuation pipe with stretchers on wheels to bring out the trapped men, they said. Authorities have not said what caused the tunnel collapse, but the region is prone to landslides, earthquakes and floods. Efforts to bring the men out have been slowed by snags in drilling in the mountainous terrain. The collapsed tunnel is located on the Char Dham pilgrimage route, one of the most ambitious projects of Prime Minister Narendra Modi's government.

Persons: Shankar Prasad Nautiyal, Bhaskar Khulbe, Khulbe, Narendra Modi's Organizations: REUTERS, Authorities, Wednesday, National Highways Authority, YP Rajesh, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Exclusive: Bayer holds call with bond investors after raft of bad news
▼ + stars: | 2023-11-22 | by ( Shankar Ramakrishnan | Thomson Reuters | Shankar Ramakrishnan Has Nearly Years Of Financial Journalism Experience In Writing | ) www.reuters.com time to read: +3 min

The bad news prompted some bond investors to question whether Bayer should sweeten the terms of the deal or outright pull it, one of the sources said. The drug-to-pesticides group priced the investment grade bond on Thursday last week, with the deal closing on Tuesday. Bayer priced bonds with maturities between three to 30 years. It was the 10th largest investment grade bond deal by an industrial company this year and attracted more than $22 billion in orders, according to Informa Global Markets. The events were "not enough to trigger a material adverse change clause in bond documents for investors to ask to be paid back," said CreditSights' Brady.

Persons: Wolfgang Rattay, Bayer, Andrew Brady, CreditSights, JP Morgan, Wells, Brady, Shankar Ramakrishnan, Ludwig Burger, Mike Erman, Paritosh Bansal, Marguerita Choy Organizations: Bayer AG, REUTERS, Bayer, Nomura Holdings, Informa Global Markets, Citigroup, Nikko Securities America, RIC, Thomson Locations: Leverkusen, Germany, Seattle

☆ Indian rescuers drill halfway towards workers trapped in tunnel
▼ + stars: | 2023-11-22 | by ( Saurabh Sharma | ) www.reuters.com time to read: +1 min

Heavy machinery moves outside a tunnel where 40 road workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 16, 2023. REUTERS/Shankar Prasad Nautiyal/File photo Acquire Licensing RightsSILKYARA, India, Nov 22 (Reuters) - Rescuers have drilled about halfway through fallen debris to reach 41 workers trapped for ten days inside a collapsed tunnel in the Indian Himalayas, an official said on Wednesday. First images emerged on Tuesday from within the tunnel, showing workers in white and yellow hardhats standing in the confined space and communicating with rescuers, after a medical endoscopy camera was pushed through a smaller pipeline. Authorities have not said what caused the tunnel collapse, but the region is prone to landslides, earthquakes and floods. Reporting by Saurabh Sharma in Silkyara; Writing by Shivam Patel; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Shankar Prasad, Deepak Patil, Saurabh Sharma, Shivam Patel, Clarence Fernandez Organizations: REUTERS, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Israel-Hamas War U.N. Says Gaza Hospital Has Become ‘Death Zone’
▼ + stars: | 2023-11-19 | by ( Vivek Shankar | ) www.nytimes.com time to read: +4 min

Nearly four days after the Israeli military stormed the biggest hospital in the Gaza Strip, U.N. workers described the complex as a “death zone” where several patients had died because medical services had been shut down. The W.H.O., a U.N. agency, said that movement came after an evacuation order from the Israeli military. Capturing the hospital — and Gaza City, the largest urban center in Gaza — was a watershed moment for Israel last week. At Al-Shifa Hospital, Israeli troops discovered a shaft on Friday night and were scouring the underground area it led to, Admiral Hagari said. The Israeli military did not immediately confirm the strikes.

Persons: Shifa, Daniel Hagari, Israel, Admiral Hagari, Gazans Organizations: Al, Shifa, World Health Organization, United, Shifa Hospital, United Nations Locations: Gaza, Gaza City, Israel, United States, Al

☆ Rescuers in India tunnel collapse begin replacing drilling machine on 7th day
▼ + stars: | 2023-11-18 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

The disaster management office revised the number of people trapped since Sunday morning in the tunnel in Uttarakhand state to 41, up from 40. A rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 41 workers who are stuck inside following a landslide. Authorities have not said what caused the 4.5-km (3-mile) tunnel to cave in, but the region is prone to landslides, earthquakes and floods. Work was suspended on Friday after a "large-scale cracking sound" was heard as rescue workers sought to restart the drilling machine, according to a report from NHIDC. Close to 100 tunnel workers gathered at the site on Saturday, demanding faster progress in reaching and freeing those trapped.

Persons: Shankar Prasad Nautiyal, Anshu Malik Halko, Halko, Vishnu Sahu, Sahu, Saurabh Sharma, Ira Dugal, William Mallard, Tom Hogue Organizations: REUTERS, Highways, Infrastructure Development Corporation, Reuters, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India, Madhya Pradesh

☆ Indian rescuers still 40 metres away from workers trapped in collapsed tunnel
▼ + stars: | 2023-11-17 | by ( Saurabh Sharma | ) www.reuters.com time to read: +1 min

Police officers stand guard next to a barricade past the entrance of a tunnel where 40 road workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 16, 2023. Acquire Licensing RightsSILKYARA, India, Nov 17 (Reuters) - Rescuers drilled about one-third of the way into the debris of a collapsed highway tunnel in India by Friday morning to reach 40 workers trapped inside for five days, officials said. Drilling had penetrated through about 21 metres (70 feet) of debris, Devendra Singh Patwal, a disaster management officer, told Reuters. Another officer with the rescue team inside the tunnel said the trapped men were doing fine. A rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 40 workers who are stuck inside following a landslide.

Persons: Shankar Prasad Nautiyal, Devendra Singh Patwal, Narendra Modi's, Saurabh Sharma, Tanvi Mehta, Raju Gopalakrishnan Organizations: REUTERS, Reuters, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India, Char

Target's bright outlook lifted shares of other retailers including Macy's (M.N), which rose 7.5%, and Kohl's (KSS.N), which closed up almost 9%. The S&P 500 consumer staples index (.SPLRCS), which includes Target, was the top sector gainer, adding 0.7%. "Those two data points reaffirmed the message from Tuesday that the Fed seems to be navigating the soft landing quite well," said Ronald Temple, chief market strategist at Lazard. Among individual stocks, retailer TJX's (TJX.N) shares fell 3.3% after it forecast current-quarter profit below Wall Street expectations, signaling spiraling costs weighing on margins. The S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 106 new highs and 89 new lows.

Persons: ValueAct, Stocks, Ronald Temple, Wall, Temple, Brendan McDermid, Walt Disney, Russell, Joe Biden, Xi Jinping, Biden, Warren Buffett's Berkshire Hathaway, decliners, Sinéad Carew, Sruthi Shankar, Amruta, Shinjini Ganguli, Maju Samuel, Pooja Desai, Richard Chang Organizations: Dow, Nasdaq, Federal, Target, Reuters, Lazard, Dow Jones, New York Stock Exchange, REUTERS, Walt, ValueAct Capital, Money, U.S . House, Senate, Republican, TJX's, Sirius XM, NYSE, Thomson Locations: New York City, U.S, New York, Bengaluru

☆ Rescue hopes for men trapped in India tunnel rest on new drill equipment
▼ + stars: | 2023-11-16 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/2] A crane moves past police officers and rescue team members outside a tunnel where 40 road workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 15, 2023. Rescue efforts have been focused on drilling through the fallen rock to create space for a pipe that can be used to pull the men to safety. Work would begin shortly to cover the 60 metres distance to reach the men, said Devendra Singh Patwal, a state disaster management official. Since the tunnel collapsed, the trapped men have been supplied with food, water and oxygen via a pipe and they are in contact with rescuers via walkie-talkies. Authorities have not said what caused the tunnel to cave in but the region is prone to landslides, earthquakes and floods.

Persons: Shankar Prasad Nautiyal, Ranjit Sinha, Devendra Singh Patwal, Narendra Modi's, Saurabh Sharma, Tanvi Mehta, Neil Fullick Organizations: REUTERS, Local, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India, New Delhi, Char

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. The bright outlook lifted shares of other retailers including Macy's (M.N) and Kohl's (KSS.N), while the S&P 500 consumer staples index (.SPLRCS), which includes Target, was among the top sector gainers. "Those two data points reaffirmed the message from Tuesday that the Fed seems to be navigating the soft landing quite well," said Ronald Temple, chief market strategist at Lazard. The benchmark S&P 500 (.SPX) and the tech-heavy Nasdaq (.IXIC) had posted their biggest daily percentage gains in more than six months on Tuesday, after the consumer prices data. The S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 104 new highs and 69 new lows.

Persons: Brendan McDermid, ValueAct, Stocks, Ronald Temple, Temple, Joe Biden, Xi Jinping, Biden, Walt Disney, Warren Buffett's Berkshire Hathaway, decliners, Sinéad Carew, Sruthi Shankar, Amruta, Shinjini Ganguli, Maju Samuel, Pooja Desai, Richard Chang Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal, Reuters, Lazard, Dow Jones, U.S . House, Senate, Republican, ValueAct Capital, Sirius XM, NYSE, Thomson Locations: New York City, U.S, New York, Bengaluru

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. Target(TGT.N) shares advanced 14.2% before the bell as the big-ticket retailer forecast fourth-quarter profit largely above Wall Street expectations on easing supply-chain costs. The upbeat forecast also lifted shares of rival Walmart (WMT.N) up 1.2%. Separately, retail sales are expected to have slipped 0.3% on a month-over-month basis in October after 0.7% increase in September. ET, Dow e-minis were up 114 points, or 0.33%, S&P 500 e-minis were up 18.75 points, or 0.42%, and Nasdaq 100 e-minis were up 93.25 points, or 0.59%.

Persons: Brendan McDermid, Stuart Cole, Joe Biden, Xi Jinping, Biden, JD.com, Warren Buffett's Berkshire Hathaway, Sruthi Shankar, Amruta, Shinjini Ganguli, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Target, Walmart, U.S . Federal, Equiti, Dow e, U.S . House, Senate, Republican, Sirius XM, Thomson Locations: New York City, U.S, Bengaluru

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Target (TGT.N) advanced 17.6% as the big-box retailer forecast fourth-quarter profit largely above Wall Street expectations on easing supply-chain costs. The bright outlook also lifted shares of other retailers, while the S&P 500 consumer staples index (.SPLRCS), which houses Target, jumped 0.7%. U.S. producer prices eased more than expected amid a sharp drop in gasoline costs, providing further evidence that inflation was trending lower. Advancing issues outnumbered decliners by a 2.05-to-1 ratio on the NYSE and by a 2.13-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Chris Zaccarelli, Joe Biden, Xi Jinping, Biden, JD.com, Warren Buffett's Berkshire Hathaway, Sruthi Shankar, Amruta, Shinjini Ganguli, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal Reserve, Target, Reuters, U.S, Independent, Alliance, Dow Jones, U.S . House, Senate, Republican, Disney, ValueAct, Sirius XM, NYSE, Thomson Locations: New York City, U.S, Bengaluru

☆ Synopsys, Microsoft team up for a chip-design assistant
▼ + stars: | 2023-11-15 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

But Synopsys (SNPS.O) on Wednesday said it has worked with Microsoft to create its own Copilot to help with designing computer chips. Synopsys trained the system on huge troves of data it has accumulated over decades in business to help with that. "But if you're not generating (chip design work) that is over 99.9% accurate, you're introducing a bug in your chip, which is worth hundreds of millions of dollars." Fixing bugs is one of the lengthiest and costliest parts of the chip design process. Microsoft said it has already started to test the Synopsys system with its own chip design teams, which on Wednesday unveiled the company's first in-house data center chips.

Persons: Steve Marcus, Synopsys, Shankar Krishnamoorthy, Krishnamoorthy, Erik Berg, Stephen Nellis, Nick Zieminski Organizations: REUTERS, Microsoft, Wednesday, San, Thomson Locations: Las Vegas , Nevada, U.S, San Francisco

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. "This is what the Fed was looking for, slowing inflation, slowing labor market and the economy's holding up at the same time." Following the data, traders erased bets the Fed will raise borrowing costs any further and piled into bets on rate cuts starting by May. U.S. Treasury yields dropped, with the two-year yield , which best reflects short-term interest rate expectations, sliding to two-week lows. Advancing issues outnumbered decliners by a 13.89-to-1 ratio on the NYSE and by a 5.44-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Thomas Hayes, Russell, Jerome Powell, Michael Barr, Loretta Mester, Austan Goolsbee, Mike Johnson, Sruthi Shankar, Amruta, Ankika Biswas, Shinjini Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal, Reuters, May, U.S, Treasury, Nvidia, Banking Committee, Cleveland Fed, Chicago Fed, U.S . House, Dow Jones, Inc, NYSE, Thomson Locations: New York City, U.S, New York, United States, Bengaluru

☆ Futures dip as focus shifts to economic data
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies Futures down: Dow 0.02%, S&P 0.17%, Nasdaq 0.22%Nov 13 (Reuters) - U.S. stock index futures edged lower on Monday as investors awaited economic data later this week that could shape expectations around how long the Federal Reserve will keep interest rates elevated. Investors will focus on a slew of economic data this week as well as speeches from Fed officials for signs on the trajectory of interest rates amid growing expectations that the Fed is done hiking borrowing costs. Inflation data on Tuesday is expected to show headline consumer prices eased to 3.3% in October from 3.7% in September. The major U.S. stock indexes have rebounded strongly this month, fueled by a stronger-than-expected earnings season and on hopes that U.S. interest rates are near their peak. ET, Dow e-minis were down 6 points, or 0.02%, S&P 500 e-minis were down 7.75 points, or 0.17%, and Nasdaq 100 e-minis were down 34.75 points, or 0.22%.

Persons: Brendan McDermid, jitters, Moody's, Fitch, Mike Johnson, Sruthi Shankar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, CPI, . House, Republican, Dow e, Boeing, Bloomberg News, APEC, Dubai's Emirates, Dubai Airshow, Micron Technology, Memory Technologies, U.S, Thomson Locations: New York City, U.S, China, Dubai, Bengaluru

Eight of the 11 major S&P 500 sectors were in the red, with rate-sensitive real estate stocks (.SPLRCR) down 1.2% and leading declines. This week's economic data as well as speeches from Fed officials will provide clues on the trajectory of interest rates amid growing expectations that the Fed is done hiking borrowing costs. The major U.S. stock indexes have rebounded strongly this month, fueled by a stronger-than-expected earnings season and on hopes that U.S. interest rates are near their peak. The benchmark S&P 500 (.SPX) closed at near eight-week highs on Friday, while the tech-heavy Nasdaq (.IXIC) hit a two-month peak. The S&P index recorded 11 new 52-week highs and one new low, while the Nasdaq recorded 19 new highs and 82 new lows.

Persons: Brendan McDermid, Peter Cardillo, Cardillo, Mike Johnson, Abbott, advancers, Sruthi Shankar, Amruta, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Boeing, Dow, Nasdaq, Federal Reserve, Treasury, Microsoft, Apple, Spartan Capital Securities, . House, Republican, Dow Jones, Novo Nordisk's, Bloomberg News, Max, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru

Sustainability-linked loans (SLL), which were first used in 2017, offer slightly cheaper borrowing, typically around 2.5-10 basis points less, if companies meet goals such as cutting their carbon emissions or improving board diversity. These let banks strip the sustainability-linked label from the loans if targets are no longer deemed appropriate. The banks' tougher standards are discouraging some borrowers from using SLLs entirely, bankers and lawyers told Reuters. The Engie spokesman said the utility would not agree to linking an event of default to sustainability targets. "We have stated our willingness to walk away when sustainability targets were too soft," said Brittany Agostino, vice president in the environmental, social and governance group at Los Angeles-based Ares.

Persons: Toby Melville, Banks, Constance Chalchat, Pascale Forde Maurice, Elliot Beard, Simmons, Beard, I've, David Milligan, Norton Rose Fulbright, Gemma Lawrence, Pardew, Brittany Agostino, Fredrik Altmann, Tommy Reggiori Wilkes, Isla Binnie, Shankar Ramakrishnan, Simon Jessop, Alexander Smith Organizations: FCA, Financial, Authority, REUTERS, LONDON, BNP, Corporate, Institutional Banking, Reuters, JPMorgan, Ford Motors, SLLs, CIB's, European, Sustainable Investment Banking, Simmons, Norton Rose, Market Association, BMW, Porsche, Thomson Locations: London, Britain, North America, Asia, Los Angeles, New York

☆ Liquidity gridlock worsens in US commercial real estate sector
▼ + stars: | 2023-11-08 | by ( Shankar Ramakrishnan | Thomson Reuters | Shankar Ramakrishnan Has Nearly Years Of Financial Journalism Experience In Writing | ) www.reuters.com time to read: +5 min

And those workouts are becoming mathematically untenable even for private lenders. Borrowing costs for the CRE market have risen more than income, a situation prompted by the steepest jump in interest rates in decades. NO REAL OPTIONRising caution among private lenders will worsen the paucity of liquidity for property owners who have no real exit option. Some private lenders faced the risk of ending up paring their portfolios that were expensive to manage, he added. But the firm's head of commercial real estate economics Thomas LaSalvia said probability of a contagion effect was low.

Persons: Mike Comparato, Jeff Holzmann, Razmig Boladian, Claudia Faust, Alex Horn, Horn, Jay Hiemenz, Thomas LaSalvia, Shankar Ramakrishnan, Anna Driver Organizations: Realty Trust, RREAF Holdings, Rubicon Point Partners, Hawkeye Partners, Thomson Locations: Franklin, Texas

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