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Oil near flat as tighter supplies offset U.S. rate hike risk
  + stars: | 2023-07-06 | by ( ) www.cnbc.com   time to read: +3 min
Oil prices were near flat on Thursday as the market weighed tighter U.S. crude supplies with the higher likelihood of a U.S. interest rate hike that could dent energy demand. U.S. interest rate futures on Thursday increased the probability of another U.S. rate rise after news private payrolls surged last month. "While the inventories are supportive for oil prices today, the oil market is being dominated by fears of further rate increases," said Andrew Lipow, president at Lipow Oil Associates in Houston. The total cuts now stand at more than five million barrels per day (bpd), equating to 5% of global oil output. Rather than pressuring oil producers to curb supply, which heads of global energy companies say serves only to increase prices, governments should shift the focus to limiting oil demand to reduce emissions, they said.
Persons: payrolls, Phil Flynn, Andrew Lipow Organizations: Brent, . West Texas Intermediate, Federal Reserve, Price Futures, Energy Information Administration, Lipow Oil Associates, Reuters, OPEC Locations: Red, Ras Behar, Egypt, U.S, Europe, China, Houston, Saudi Arabia, Russia, Vienna
LONDON, July 5 (Reuters) - Dismissal of this year's much-scorned equity market rally as the frothy preserve of a handful of AI-fuelled stocks may be both misleading and also one of its strengths. Or, put another way, if you remove the top 10 stocks, the other 490 would only have gained 4%. And an eye-popping 75% surge in the high-octane 10-stock FANG+TM index (.NYFANG) - mega cap U.S. digital and tech stocks including Apple, Microsoft, Nvidia and Tesla - underlines that. In short, they're hard to avoid unless you dodge either U.S.-listed companies or equity markets altogether. "While stock market investments may be risky in the short run, when viewed against inflation they have offered far more certainty in the long run," he told clients.
Persons: Russell, Andrew Lapthorne, Japan's, Germany's DAX, Italy's, Duncan Lamont, Lamont, Mike Dolan, Mark Potter Organizations: Nasdaq, Apple, Microsoft, Nvidia, Tesla, H1 Stock, Japan's Nikkei, MIB, McKinsey, Bank, Big Tech, Reuters, Twitter, Thomson Locations: Europe, Japan, U.S, United States
LONDON, July 4 (Reuters) - Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters Saudi Arabia and Russia against a weak global economic outlook. The total cuts now stand at more than 5 million bpd, or 5% of global oil output. "Clearly, the Saudis are taking proactive and pre-emptive steps to stabilize the price of crude oil as well as see gains to reach $80 a barrel to sustain their domestic budgets," said Andrew Lipow, president of Houston-based Lipow Oil Associates. Even so, the market will wait to verify Russia's announced cuts, and concerns continue that high interest rates will weigh on global demand, Lipow said. Oil benchmarks settled about 1% down in the previous session, as a gloomy macroeconomic outlook served to erase early gains.
Persons: Tamas Varga, Andrew Lipow, Russia's, Lipow, Craig Erlam, Natalie Grover, Rod Nickel, Arathy Somasekhar, Trixie Yap, Mark Potter, Alexander Smith, David Goodman, Bill Berkrot Organizations: Brent, . West Texas, Houston, Lipow Oil Associates, Independence, International Energy Agency, Thomson Locations: Saudi Arabia, Russia, Algeria, OPEC, China, Europe, U.S, London, Winnipeg , Manitoba, Houston, Singapore
[1/2] A view shows the Olympic Rings in front of The Olympic House, headquarters of the International Olympic Committee (IOC), during the executive board meeting of the International Olympic Committee (IOC), in Lausanne, Switzerland, March 28, 2023. While most modern Olympics have had seven years from winning hosting rights to opening ceremony, Brisbane had a big headstart after being awarded Australia's third Summer Games back in 2021. Construction delays have been a major issue for several recent Games but Brisbane is unlikely to face such problems with 84% of the planner venues already existing facilities. After wide consultation with stakeholders and locals, the planned legacy of the Games is already being worked out. "Local jurisdiction dictates what happens in stadiums and... Australian law allows beer to be served," Liveris said.
Persons: Denis Balibouse SYDNEY, Cindy Hook, Kirsty Coventry, it's, Andrew Liveris, Christophe Dubi, Liveris, Nick Mulvenney, Christian Radnedge Organizations: Rings, Olympic House, International Olympic Committee, REUTERS, Brisbane, Olympic, Games, Angeles Olympics, IOC, Paris, Thomson Locations: Lausanne, Switzerland, Brisbane, Queensland, LA
Daniel Penny learned the "rear choke" that killed Jordan Neely in boot camp, Marine veterans tell Insider. What Penny learned about chokeholds in his Marine training will be key at that trial, as a Manhattan judge or jury weighs whether Penny was negligent, or reckless, or neither. An illustration of a "figure-four variation" of a rear chokehold from the Marine Corps martial arts program training manual. The chokehold that killed Neely was "sloppy" and "excessive," said Alex Hollings, a former Marine black belt. We call this 'sinking your heels in,' and it provides added control and leverage for the choke," Hollings said.
Persons: Daniel Penny, Jordan Neely, , Penny, Neely, Brendan McDermid Penny, Maxwell Wiley, chokeholds, Alex Hollings, Karen Friedman Agnifilo, Friedman Agnifilo, he'll, Thomas Kenniff, chokehold, Michael Jackson, Andrew Savulich, Dave Bruce, Bruce, They're, Hollings, Juan Albert Vazquez, Juan Alberto Vázquez, constricting, Jordan, Donte Mills, Lennon Edwards, Andrew Lichtenstein, Neely wasn't Organizations: Marine, Service, Manhattan, Marine Corps, US Marine Corps, Regal, New York Daily News, Tribune, Getty, Marines, Marine Corps Martial Arts Program, Reuters Locations: Manhattan, Square , New York, New, Farmington , Missouri, It's, Neely, Jordan
Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). Borrowers who have refinanced federal loans into private loans are ineligible for forgiveness. See Insider's picks for the best student loan refinance lenders >>What is Biden's student loan forgiveness plan? Federal student loans you've refinanced are not eligible for forgiveness under Biden's debt relief plan. Types of student loans that are eligible for forgivenessThe Education Department maintains a list of eligible student loans on its website, which includes the following:Federal Direct Loans — subsidized, unsubsidized, PLUS loans, and consolidation loansFederal Family Education Loan (FFEL) Program loans (ended in 2010)Federal Perkins Loan Program loans (ended in 2017)Education Department-held defaulted loansAll loans funds must have been received on or before June 30, 2022.
Persons: Pell Grant, , Biden, Pell, you've, doesn't, Andrew Latham, Biden's, Perkins, Latham Organizations: Service, , Pell Grants, Education Department, US, of Education, Department, Federal, Family Education, Loan Program, Public
The explosion lasted just over a minute — considered long, like any gamma-ray burst, or GRB, that lasts more than two seconds. These violent, destructive bursts can leave behind dense remnants like neutron stars or result in the creation of black holes. Why ancient galaxies could hide star deathsDuring their search for the origin of the gamma-ray burst, astronomers used the Gemini South telescope located in Chile to observe the afterglow of the cosmic explosion. Compared with younger, more typical galaxies, ancient galaxies can have up to a million or more stars densely packed into their cores. But they had no evidence for any long gamma-ray bursts originating from ancient galaxies — until now.
Persons: NASA’s Neil Gehrels, , Wen, fai Fong, Andrew Levan, Albert Einstein, Jillian Rastinejad, Fong Organizations: CNN, fai, Northwestern University’s Weinberg College of Arts and Sciences, Radboud University, telltale, Center for Interdisciplinary Exploration, Research, Astrophysics, Northwestern Locations: Nijmegen , Netherlands, Chile, Northwestern
Crude inventories (USOILC=ECI) fell by 3.8 million barrels to 463.3 million barrels in the week to June 16, compared with analysts' expectations in a Reuters poll for a 300,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) fell 98,000 barrels, EIA said. U.S. crude oil exports climbed to 4.5 million barrels per day last week, while imports fell about 50% to 1.6 million barrels per day. "A rebound in crude exports, dip in imports, and ongoing strength in refining activity have encouraged a draw to crude inventories," said Matt Smith, a lead oil analyst at Kpler. Refinery crude runs (USOICR=ECI) fell by 116,000 barrels per day in the last week, EIA said.
Persons: Andrew Lipow, Matt Smith, Arathy Somasekhar, Stephanie Kelly, Jan Harvey Organizations: Energy Information Administration, Cushing, . West Texas, Brent, Lipow Oil Associates, EIA, Thomson Locations: Oklahoma, Houston . U.S, U.S, Houston, New York
Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). What does it mean to prequalify for a personal loan? 4 steps to prequalify for a personal loanHere are the steps you'll take to get prequalified for a personal loan. See Insider's picks for the best personal loans for bad credit >>Prequalifying for a personal loan FAQSWhat is the difference between prequalification and preapproval for a personal loan? How long does it take to prequalify for a personal loan?
Persons: Prequalification, , Andrew Latham, you'll, Latham, It's, They'll, Fiona, you've, You'll, Nathan Hoskin, it'll, it's Organizations: Service, Hoskin, Chevron
June 14 (Reuters) - U.S. crude oil stockpiles posted a surprise large build last week, while gasoline and distillate inventories gained more than expected, the Energy Information Administration (EIA) said on Wednesday. Crude inventories (USOILC=ECI) rose by 7.9 million barrels in the week to June 9, the EIA said, compared with analysts' expectations in a Reuters poll for a draw of 510,000 barrels. Meanwhile, refinery crude runs (USOICR=ECI) fell by 61,000 barrels per day (bpd). Brent crude futures traded at $74.26 and U.S. crude was at $69.34 at 10:55 a.m. EDT. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) rose by 1.6 million barrels last week, the EIA said, to the highest since June 2021.
Persons: Matt Smith, Cushing, Andrew Lipow, Stephanie Kelly, Mark Potter, Mark Porter, Jonathan Oatis Organizations: Energy Information Administration, EIA, Americas, Brent, Cushing, Lipow Oil Associates, Thomson Locations: Kpler, Oklahoma, Houston
Scroll through the gallery to see how the K-pop group went global. ilgan Sports/Multi-Bits/Getty Images BTS fans at the "Love Yourself" North American Tour at the Staples Center on September 9, 2018 in Los Angeles. Andrew Lipovsky/NBC/Getty Images BTS won all three awards they were nominated for at the 2021 American Music Awards held in Los Angeles. Theo Wargo/Getty Images BTS addressed Asian inclusion and representation at the White House in Washington, DC on May 31, 2022. “Being in America and not seeing that much of Asian representation, when I saw that seven Asian guys were trending … that totally like piqued my interest immediately.
Persons: Rowan Joss, Katie Myles ’, they’re, ’ ”, Joss, HYBE, Myles, Kim Tae, Jung Ho, Kim Nam, Kim Seok, Jeon Jung, kook, Min Yoon, Psy’s, , Chelsea Guglielmino, Jimmy Fallon, Andrew Lipovsky, Matt Winkelmeyer, Theo Wargo, Kent Nishimura, CedarBough Saeji, ” Saeji, Katie Myles, , hasn’t, Anthony Wallace, , Lisa Trinh, Diana Phung, they’ve, Trinh, they’ll, Jimin, Hwang Young, Startrip, Yoonjung Seo, Jungkook, dad, Justin Bieber, Selena Gomez, Ariana Grande, Shawn Mendes, it’s, Michelle Cho, It’s, Phung Organizations: Seoul CNN —, BTS, Records, YouTube, ilgan, Staples Center, Chelsea, NBC, Getty, White, Los Angeles Times, East Asian Studies, Pusan National University, ARMY, Ministry of Culture, Tourism, Tower, CNN, The, Guinness, Spotify, University of Toronto Locations: Hong Kong, Seoul, South Korea, Scotland, Los Angeles, Washington , DC, Korean, AFP, Seoul’s, California, Gangwon province, Busan, Korea, Cafe, America
What Is Cash Value Life Insurance and Is It Worth It?
  + stars: | 2023-06-09 | by ( ) www.wsj.com   time to read: +10 min
What is cash value life insurance? Although you’ll see insurance companies advertise various life insurance products, all policies can be divided into two categories: term and cash value. How your policy’s cash value worksCash value life insurance is so named because of its ability to build cash value. Types of cash value coverageThere are two main types of cash value insurance:Whole lifeWhole life insurance is the most popular form of cash value insurance. Universal lifeUniversal life policies are more flexible than whole life policies.
Persons: Kat Tretina, you’re, PolicyGenius, Jay Zigmont, , they’re, ” Zigmont, Andrew Latham, you’ll, , Latham Organizations: Universal, American Council of Locations: Water Valley, Miss, Santa Ana, Calif
THE MYTHMAKERS, by Keziah WeirWhat navel-gazers we writers of fiction are! It’s an attribute few of us would deny, but while it most often evokes autobiography, even those of us who tend not to mine our “lived experience” are still drawn back ceaselessly into the great and fascinating murk that is … writing about writing fiction. Some of us — myself included (see: “The Plot”) — have an insatiable appetite for stories that grapple with these issues. I am happy to report that Keziah Weir’s assured first novel, “The Mythmakers,” is a laudable addition to a reading list that already includes such standouts as Meg Wolitzer’s “The Wife,” Karen Dukess’s “The Last Book Party,” Andrew Lipstein’s “Last Resort” and R.F. Kuang’s new novel, “Yellowface.” In “The Mythmakers,” most of the relevant offenses surround a recently deceased novelist named Martin Keller as a young journalist sets out to investigate a simple act of appropriation and finds something far more complex and — for any writer — infinitely more shameful.
Persons: Keziah Weir, Weir’s, Meg Wolitzer’s “, ” Karen Dukess’s “, ” Andrew Lipstein’s, Martin Keller
Alo Yoga's "studio-to-street" fitness clothes are a hit with Gen Z and Gen Alpha, the Wall Street Journal reports. Segment leader Lululemon faces growing competition not just from upstarts like Alo, but also legacy brands like Nike. Alo Yoga is building a following among two key demographics, Gen Zers, loosely defined as those born between 1997 and 2012, and their younger counterparts, Gen Alpha, according to an article in The Wall Street Journal. Alo YogaAlo's growth was boosted by influencers and its digital rootsAlo Yoga started in Los Angeles in 2007. It's created openings for others beyond Alo, but Alo certainly has started to set itself apart as a power brand in its own right."
Persons: Alo Yoga's, Gen Z, Alpha, Alo, , Lululemon, Alo Yoga, Gen Zers, Gen Alpha, it's, I'd, Andrew Lipsman, Lipsman, Hailey Bieber, Bella Haddad, Budrul Chukrut, Danny Harris, Wall, It's, Lisman Organizations: Wall Street, Nike, Service, Street, Intelligence, influencers, Ford, GM, Chrysler Locations: Los Angeles, China, Alo
SINGAPORE, June 3 (Reuters) - Top officials from Malaysia, Singapore, Australia, New Zealand and Britain said on Saturday that their 52-year-old Five Power Defence Arrangements (FPDA) pact helped keep things in balance amid regional tensions. "The longstanding FPDA... always been an important part of ensuring signalling collective defence in this region," New Zealand defence minister Andrew Little said at a media briefing on the sidelines of the Shangri-La Dialogue in Singapore. As the tensions between the United States and China persist, the longstanding relationships among smaller nations are "what keep things in balance", Little said. "I'm comfortable continuing to keep things in balance as different countries including the major powers work out how the relationships are working," he added. Singaporean Defence Minister Ng Eng Hen, Australian Deputy Prime Minister and Defence Minister Richard Marles, Malaysian Defence Minister Seri Mohamad Hasan, Little, and British defence minister Ben Wallace discussed the importance of the FPDA as a constructive and peaceful arrangement.
Persons: Andrew Little, Little, Ng Eng, Richard Marles, Seri Mohamad Hasan, Ben Wallace, Marles, Anthony Albanese, Lloyd Austin, Chen Lin, Gerry Doyle Organizations: Singaporean, Defence, Malaysian Defence, Australian, U.S . Defense, Thomson Locations: SINGAPORE, Malaysia, Singapore, Australia, New Zealand, Britain, Zealand, United States, China, Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDialogue 'absolutely essential' as major powers' competition intensifies, NZ defense minister saysNew Zealand Defense Minister Andrew Little talks to CNBC's Sri Jegarajah ahead of the IISS Shangri-La Dialogue defense summit in Singapore.
Persons: Andrew Little, Sri Jegarajah Organizations: New Zealand Defense, Sri Locations: Singapore
Investors shot down proposals urging Exxon and Chevron to set more ambitious climate targets. Climate-minded investors blame Big Oil's soaring profits and Republicans' criticism of ESG. "It's incomprehensible why investors are accepting this when they have more to worry about than the profits of Big Oil. Exxon in December said more than 70% of its capital investments in the coming years would flow to fossil-fuel development. "To be fair, we have seen change at Exxon in the last two years.
Persons: Big, Mark van Baal, Critics, Andrew Logan Organizations: Exxon, Chevron, Service, ExxonMobil, BlackRock, Vanguard, Big, Big Oil Locations: Ukraine
[1/5] An eight-year-old male African lion rests on the plains of Kafue National Park, Zambia, September 19, 2020. In the recent assessment, scientists found that more lion cubs were born into Kafue prides from 2018 to 2021. A half-century of intensive poaching has decimated wildlife populations in Africa's third-largest national park, as it has across much of the continent, with Kafue's free-roaming big cats among the victims. Bushmeat poachers have targeted the lions' grass-eating prey, leaving too little behind for the park's 200 or more of these hungry carnivores. "African white-backed vultures will come in really large numbers," said Corinne Kendall, curator of conservation and research at North Carolina Zoo which is leading the program.
Persons: Sebastian Kennerknecht, Kim Young, Overton, Panthera's, Andrew Loveridge, Corinne Kendall, It's, it's, Kendall, Gloria Dickie, Sharon Singleton Organizations: Reuters, Leopards, Africa Parks, Zambia's Department of National Parks and Wildlife, North Carolina Zoo, Thomson Locations: Park, Zambia, Handout, Kafue, Africa, West Africa, London
In the recent assessment, scientists found that more lion cubs were born into Kafue prides from 2018 to 2021. A half-century of intensive poaching has decimated wildlife populations in Africa's third-largest national park, as it has across much of the continent, with Kafue's free-roaming big cats among the victims. [1/5] An eight-year-old male African lion rests on the plains of Kafue National Park, Zambia, September 19, 2020. But the carcasses also attract the critically endangered white-backed vultures, whose population has declined by more than 90% across West Africa in the past 40 years, largely due to poisoning. "African white-backed vultures will come in really large numbers," said Corinne Kendall, curator of conservation and research at North Carolina Zoo which is leading the program.
Persons: Kim Young, Overton, Panthera's, Andrew Loveridge, Sebastian Kennerknecht, Corinne Kendall, It's, it's, Kendall, Gloria Dickie, Sharon Singleton Organizations: Reuters, Leopards, REUTERS, Africa Parks, Zambia's Department of National Parks and Wildlife, North Carolina Zoo, Thomson Locations: Kafue, Park, Zambia, Handout, Africa, West Africa, London
Call her Ivanka Kushner
  + stars: | 2023-05-27 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com   time to read: +6 min
Ivanka Trump has been steadily distancing herself from her father's brand since he left office. A former adviser in the Trump White House, Ivanka now says she's done with politics. Despite the rebrand, Ivanka remains in legal trouble for her role in Trump businesses. Beyond public appearances or showings of political support, Ivanka's distance from the rest of the Trump family has also begun to show itself legally. They've got a lot going on over in the Kushner clan, and she has her kids and her family.
For those who find regular love triangles too pedestrian, quadrangles and pentagons are also available. Unconventional arrangements are the order of the day in a dynamic revival of Andrew Lloyd Webber’s “Aspects of Love,” which opened on Thursday at the Lyric Theater in London. (It is a lot raunchier than Lloyd Webber’s most recent work, which invited the audience to “sing unto the Lord with the harp” during the coronation of King Charles III.) This “Aspects of Love” is exquisitely produced and superbly performed, but — like many a real-life libertine — it eventually buckles under the weight of its excesses. Alex, 18, invites Rose to stay with him at a villa owned by George (Michael Ball), his rich uncle, and the two fall in love.
The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. In addition to methane, natural gas typically contains other hydrocarbons such as ethane, propane, butane, and pentanes. The report, which assessed the production-based emissions of more than 300 U.S. producers, found that the methane emissions intensity of natural gas production and the greenhouse gas emissions intensity of oil and gas production vary dramatically across companies. Natural gas producers in the highest quartile of methane emissions intensity have an average emissions intensity that's nearly 26 times higher than producers in the lowest quartile, the study found. And oil and gas producers in the highest quartile of greenhouse gas emissions intensity have an average emissions intensity that is more than 13 times higher than producers in the lowest quartile.
[1/2] Sting and his wife Trudie Styler arrive for The Ivors music and songwriting awards ceremony in London, Britain, May 18, 2023. Sting, who has already won seven Ivor Novello awards, becomes the Academy's 23rd Fellow, joining the likes of Elton John, Paul McCartney, Kate Bush and Andrew Lloyd Webber. Music collective Sault's "11" was named best album while best song musically and lyrically went to "King" by Florence + the Machine. Styles's mega hit "As It Was" won the most performed work category while rock band James received the music icon award. Named after the early 20th century Welsh composer, actor and entertainer Ivor Novello, the Ivor Awards were first handed out in 1956.
Fewer Adults Have Life Insurance, but Skipping It Can Be Risky
  + stars: | 2023-05-15 | by ( ) www.wsj.com   time to read: +11 min
But financial planners say a basic life insurance policy, especially products known as term life insurance, should be an important part of many Americans’ financial plans. A life insurance policy:Replaces lost income: If you were to pass away, your family could use your life insurance policy’s death benefit to replace your income. How to shop for life insuranceIf you’re ready to start shopping for a life insurance policy, follow these steps:1. According to PolicyGenius, an insurance marketplace, typical rates for a whole life policy, the most common type of permanent life insurance, are about 10 times the cost of a term life policy. Term Life Insurance Because term life insurance expires, it's often a far cheaper option.
Revisit some of the predominant trends in music that came to define a mercurial decade, from pop-rap and boy bands to aesthetic sadness and protest anthems. Rap goes the viral pop routeAt the beginning of the 2010s, rap stars had trouble scoring their own No. Dark and dreary pop blows upLana Del Rey helped to usher in a new era of downbeat and dark pop. Karl Walter/Getty ImagesBoth the Weeknd and Del Rey have pivoted since their debuts, with their images becoming more complicated than their indie origins belie. Del Rey, meanwhile, has only burrowed deeper into her niche, crafting intensely personal records that have matured with her listeners.
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