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WASHINGTON, April 14 (Reuters) - A committee of Sri Lanka's international private creditors sent its first debt rework proposal to the country's authorities regarding over $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter. It is the first bondholder proposal after the island-nation of 22 million people defaulted on its debt a year ago. A spokesperson representing the creditor committee declined to comment. China, Sri Lanka’s biggest bilateral creditor, did not join the announcement. Sri Lanka secured last month a $2.9 billion program from the International Monetary Fund to tackle its huge debt burden.
DEI executive Netta Jenkins says women typically overlook their 401(k) match or family care benefits. Jenkins adds that women of color are less likely to trust HR and speak openly about their benefits. Here are three workplace benefits that Jenkins says women often overlook — and how to take advantage of them. Expense reimbursementsJenkins adds that expense reimbursements, like the cost of parking or travel, can cause friction for women in the workplace — especially women of color. Some women of color care for both.
REUTERS/Henry NichollsApril 8 (Reuters) - As the fortunes of Richard Branson's Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering a $200 million rescue. Virgin Group, which owns 75% of Virgin Orbit, also declined to comment for this article. The group is providing financing to Virgin Orbit as the satellite launch company seeks a buyer in bankruptcy. Asked about this, Brown told Reuters he structured deals to protect investor confidentiality with a preference for "laying low below the radar." Virgin Orbit filed for bankruptcy on Tuesday.
Webb telescope takes striking image of planet Uranus
  + stars: | 2023-04-07 | by ( Taylor Nicioli | ) edition.cnn.com   time to read: +4 min
CNN —The James Webb Space Telescope has captured a new stunning image of ice giant Uranus, with almost all its faint dusty rings on display. Uranus has 13 known rings, with 11 of them visible in the new Webb image. A November Hubble image of Uranus (left) captured the planet's bright polar cap, while the recent Webb image displayed more detail, with a subtle enhanced brightness at the cap's center. With the exact mechanism behind the haze unknown, scientists are studying the polar cap using telescope images such as this new Webb image. In this new Webb image, similar to other recent images by the Hubble Space Telescope, storm clouds can be seen at the edge of the polar cap.
The collapse of regional banks Silicon Valley Bank and Signature Bank in the U.S. tightened credit market making funding difficult for deals. As the banking crisis abate and many global central banks move to the sidelines to assess the impact of rapid interest rates hikes, bankers are, however, betting that appetite for dealmaking would return. Canadian M&A volumes totalled $34.7 billion in the first quarter, down 52.3% from a year ago, with dealmaking off to the worst start since the same period in 2020. Some market participants noted the second quarter is already off to a stronger start, with the mining sector gathering momentum. Abeed Ramji, head of Canadian Debt Capital Markets at TD, said the lack of issuance from banks impacted the corporate debt market, adding that global markets had become more expensive for financing.
HOW BIG ARE MONEY MARKET FUNDS? Assets under management in U.S. money market funds, which include Treasury-only funds, prime funds, and government funds, totaled a record $5.2 trillion as of March 29, Investment Company Institute data showed. WHY IS THE DEBT CEILING A CONCERN FOR MONEY MARKET FUNDS? Fitch Ratings warned in February that the potential for investor redemptions and volatility in Treasury-only money market funds – as opposed to prime and government money market funds, which have other sources of funding – would rise if investors believed the government were to default. Runs on money market funds have been rare.
The flow may be signalling a shift in sentiment among foreign investors who have been notably absent while China's markets and economy roared back to life after Beijing abruptly lifted its stringent zero-COVID policy in December. Alibaba's shares (9988.HK) are up more than 14% in the five days since the company's announcement and some 11.7 billion yuan ($1.7 billion) in foreign cash has flowed into China's markets. That's already more than the net 9.2 billion yuan in inflows in February and drove March flows to 35.4 billion yuan and the quarter's inflow to a record of 186 billion yuan. Premier Li Qiang assured foreign investors that China would unswervingly adhere to reform and opening up, expanding market access and optimising the business environment. Ernest Yeung, a portfolio manager at U.S. asset manager T. Rowe Price, anticipated "a gradual process of stabilisation" of private enterprises and the internet sector.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Dirty Jobs' host Mike Rowe weighs in on the state of employment and layoffsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Mike Rowe, host of “Dirty Jobs," joins the show to discuss how employers have been taking back the power from American workers.
Jesus at the double as Arsenal steam on towards title
  + stars: | 2023-04-01 | by ( ) www.reuters.com   time to read: +3 min
Jesus, starting a league game for the first time since returning from a knee injury last month, converted a 35th-minute penalty after being clipped in the box by Luke Ayling. Ben White doubled Arsenal's advantage from Gabriel Martinelli's pass before Brazilian Jesus, signed from Manchester City last summer, struck again from close range in the 55th minute from Leandro Trossard's assist. Leeds had troubled Arsenal in the opening period but once Jesus put the hosts ahead it was relatively plain sailing as they restored their eight-point lead over champions Man City. The most important thing is that everyone that has come in has played good," Jesus said. His persistence and trickery earned Arsenal a nerve-settling penalty on Saturday as he jinked into the box and Ayling, rather unluckily, conceded the spot kick as Jesus tumbled.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with T. Rowe Price's Sebastien Page and Hightower’s Stephanie LinkT. Rowe Price's Sebastien Page and Hightower's Stephanie Link join 'Closing Bell' to discuss his bearish outlook on the markets and value and growth in tech.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are in a higher rate environment, says T. Rowe Price's Sebastien PageSebastien Page, T. Rowe Price head of global multi-asset, joins 'Closing Bell' to offer his bearish outlook on the markets.
However, Gensler has claimed that pension funds and other institutional investors are not able to interact with that retail order flow. Auctions: the industry lines up against it The auction proposal has generated a large volume of comment letters to the SEC. He has said investors today need a better understanding of how well their trading orders are being executed. Theoretically, the SEC could vote on any or all of the four proposals in a shorter time period. This is just the start This is just the start of many proposals in front of the SEC.
But investors are guarded, wary that another bank run could erupt if people believe U.S. or European regulators won't protect depositors. Uncertainty over the Fed's intentions is amplifying investors’ hesitation in stocks and sparking huge swings in U.S. government bond prices. The Fed raised rates by 25 basis points on Wednesday but indicated it was on the verge of pausing further increases. Risk assets have been somewhat resilient despite the concerns in the banking sector, said Jason England, global bonds portfolio manager at Janus Henderson Investors. England expects longer-duration bond yields to start to rise from current levels, making short-term bonds and money market funds more attractive.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Special Pro Talks: How award-winning investor David Giroux is investing in this volatile marketThe market has been treacherous to navigate due to extreme volatility in the financial sector. Investors are looking for cover as fears of further bank collapses mount. T. Rowe Price’s David Giroux is a two-time winner of Morningstar’s Outstanding Portfolio Manager of the Year award and was just nominated again. He joins CNBC Pro to share how he is handling the turmoil and answer your questions.
Beware of these S&P 500 stocks expected to struggle
  + stars: | 2023-03-19 | by ( Fred Imbert | ) www.cnbc.com   time to read: +3 min
Investors may want to consider dumping some stocks expected to underperform going forward, especially as market volatility remains elevated. Bleach maker Clorox made the list with an average analyst rating of underweight. The transportation stock has an average rating of hold, and 25% of analysts covering it rate it as sell. The average analyst price target on C.H. Other stocks that made our list are Pinnacle West Capital , Expeditors International of Washington , Consolidated Edison and T. Rowe Price .
The note recommends sticking to value and emphasizing free cash flow when investing in small caps. The 30 stocks below are the top contenders from the Russell 2000 set to best perform in this phase. Yep, we've entered the "downturn" phase, says a March 14 note from Bank of America. Specifically, they should focus on value with an emphasis on free cash flow (FCF), which is what's leftover after a company has covered its operating and capital expenses. And when the economy turns the corner, small-cap, value stocks tend to lead the market's recovery, usually outperforming over multiple years, according to David Wagner, portfolio manager for the SmallCap Value Fund at T.Rowe Price (PRSVX)Below is a list of 30 small-cap stocks compiled by Bank of America and pulled from the Russell 2000 that have an analyst "Buy" rating.
March 7 (Reuters) - Nvidia Corp (NVDA.O), Advanced Micro Devices Inc (AMD.O) and other tech firms are scrambling to assess whether they must halt sales to units of China's Inspur Group Ltd after its addition to a U.S. export blacklist last week. The United States last week added Inspur to its trade blacklist for allegedly acquiring U.S.-origin items in support of the China's military modernization efforts. Executives from AMD and Nvidia were questioned about dealings with Inspur Group Co Ltd. at an investor conference on Monday. An Nvidia spokesperson declined to comment beyond her remarks. An AMD spokesperson did not return a request for additional comment on AMD Chief Technology Officer Mark Papermaster's remarks made at the same conference.
But remember, a strong consumer means high demand, which helps inflation stick around. Higher-for-longer rate hikes don't bode well for the stock market. In JPMorgan's view, the stock market has yet to come to terms with that possibility. (It's worth noting that just a couple months ago, markets were expecting interest rate cuts by late 2023.) The stock market bubble has burst and those betting on a rebound are in denial, according to Richard Bernstein Advisors.
Detailed below are seven top stocks to buy now, according to the $17.5 billion value fund manager. The silver lining is that most Wall Street firms think the economy will experience a soft landing, which would be characterized by a mild downturn. This means buying value stocks that will both succeed amid a soft landing, as well as those poised to benefit from the more extreme event of a full-blown recession. Overall, he sees the group as attractively valued, especially in a soft landing scenario. Below are seven of Linehan's favorite value stocks to own in this environment along with the ticker, market capitalization, sector, and thesis for each.
People help to clean up debris at a bus station damaged after a shelling, amid Russia's attack on Ukraine, in Kherson, Ukraine February 21, 2023. Lisi Niesner | ReutersOne year since the start of Russia's full-scale invasion, Ukraine's economy and infrastructure are in tatters, with the government and its allies planning the largest rebuilding effort since World War II. The International Monetary Fund estimates that the Ukrainian economy contracted by 30%, a less severe decline than previously projected. IMF Managing Director Kristalina Georgieva visited Ukraine this week, meeting with President Volodymyr Zelenskyy and NBU Governor Andriy Pyshnyy, among others. It is difficult to predict the size of this debt reduction as it depends on the state of the Ukrainian economy at the time the restructuring is agreed," Nasser said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe labor market looks resilient against the Fed's tightening, says T. Rowe Price's Sebastien PageSebastien Page, T. Rowe Price head of global multi asset and chief investment officer, joins 'Closing Bell Overtime' to discuss Jamie Dimon's comments on economic strength, the employment market and pricing in a hard landing.
"There are basically two stories in the market today," Rahul Ghosh, portfolio specialist, equity division at T. Rowe Price, told CNBC's "Street Signs Asia" on Thursday. Be 'defensively offensive' In this environment, Ghosh said investors should look to be "almost defensively offensive." Stock Ideas One of Ghosh's top stock picks is chip maker Nvidia , which he described as a "clear winner" in the artificial intelligence "arms race." We're talking about slowing from 50% growth rate to 30%, and potentially picking up next year. Are we going to potentially slow down and have a hard landing, a no landing, or a soft landing?
Feb 14 (Reuters) - Sandbox AQ, a startup spun off from Alphabet Inc (GOOGL.O) last year, said on Tuesday it raised $500 million as it helps customers prepare for a quantum computing future. Former Google Chief Executive Eric Schmidt is the startup's chairman as well as an investor. Other investors include Breyer Capital, T. Rowe Price funds and Salesforce.com Inc founder Marc Benioff's TIME Ventures. Reporting By Jane Lanhee Lee; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
OAKLAND, Calif., Feb 14 (Reuters) - Sandbox AQ, a startup spun off from Alphabet Inc (GOOGL.O) last year, said on Tuesday it raised $500 million as it helps customers prepare for a quantum computing future. Quantum computers, whose processors run based on quantum physics, could one day carry out certain calculations millions of times quicker than today's fastest super computers, yet they remain years away from making a big change, such as breaking encryption. The simulation does not currently need quantum computers to work, said Hidary. When quantum computers are ready, that work would speed up even further. Sandbox AQ is also using existing types of sensors based on quantum physics.
Herald van der Linde, HSBC's head of equity strategy for Asia Pacific, points out that travel and gaming stocks have already benefited. That has led investors to hunt for sectors and companies with depressed valuations outside China. Reuters GraphicsMSCI China Vs MSCI Asean vs MSCI Asia excluding JapanGLOBAL PUSH OR CHINA PULL? After a torrid 2022, investors have been betting that a swift recovery in China's economy will somewhat cushion the impact of a global slowdown and possible recession. "China and its reopening trade, on the other hand, are in early stages and may be the additional tailwind for Asian equities later this year."
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