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☆ Oil gains for 3rd day on Kurdish supply concern, easing banking fears
▼ + stars: | 2023-03-29 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

Crude exports of 450,000 barrels per day (bpd) from Iraq's semi-autonomous northern Kurdistan region were halted on Saturday following an arbitration decision that confirmed Baghdad's consent was needed to ship the oil. "The longer the stoppage continues, the tighter the supply outlook will become," said Stephen Brennock of oil broker PVM. On Wednesday, Norwegian oil firm DNO said it had begun shutting down production at its fields in Kurdistan. We can see that risk sentiment has recovered to some extent, which pushed (the) global stock markets and crude oil rebound," said CMC Markets analyst Leon Li. Attention will focus on official U.S. inventory data from the Energy Information Administration at 1430 GMT to see if it confirms the crude stock decline.

☆ The Next Michael Phelps May Be a 20-Year-Old Frenchman
▼ + stars: | 2023-03-26 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

While much of the sports world was watching the NCAA basketball tournament looking for the next hoops phenoms, the next Michael Phelps may have emerged at the NCAA swimming championships last week. And he’s a 20-year-old Frenchman named Léon Marchand. Swimming is quick to anoint every multi-talented swimmer as the heir to the retired Phelps, who won 28 Olympic medals, but Marchand may finally be the one who deserves the hype.

☆ NHL roundup: Bruins lock down Atlantic Division title
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +11 min

Hathaway has scored three goals since joining the Bruins in late February, two of which have been go-ahead tallies. Linus Ullmark made 11 of his 26 saves in the third period, improving to 11-1-0 in his last 12 starts. For the Lightning, Victor Hedman scored the lone goal and Andrei Vasilevskiy was credited with 32 saves. Leon Draisaitl had a goal and an assist, and Zach Hyman and Warren Foegele also scored for Edmonton. Ottawa captain Brady Tkachuk scored his seventh goal in seven games and Mark Kastelic and defenseman Thomas Chabot also tallied.

☆ Recessions, bank failures, and stagnant stock returns - experts see a new, difficult era dawning for markets
▼ + stars: | 2023-03-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Wall Street experts see a new era ahead for markets, marked by a more difficult investing environment. Central bankers have already raised interest rates over 1,700% over the last year to quell high prices. Despite the volatility in bank stocks, Fed officials raised interest rates another 25 basis-points this week, bringing the effective Fed funds rate to 4.75-5%. That's the highest interest rates have been since 2007, and the impact of SVB's collapse is likely equivalent to another 50-75 basis points in rate hikes, Moody's chief economist Mark Zandi estimated, meaning real interest rates are even more restrictive. Some experts have argued that SVB's collapse was due to the bank's uniquely high exposure to bonds, which have been weighed down heavily by rising interest rates.

☆ Peru's Garcia Leon breaks 35 km race walk world record
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: 1 min

March 25 (Reuters) - Peru's Kimberly Garcia Leon broke the 35 km race walk world record on Saturday with a time of two hours 37 minutes and 44 seconds in Dudince, Slovakia. The world champion in both the 20km and 35 km walk broke the previous record of 2:38:24 set by Russian Klavdiya Afanasyeva in 2019, in a warning to her rivals ahead of the Paris Olympics next year. China's Liu Hong came in second in an Asian record of 2:40:06 while Magaly Bonilla from Ecuador took third place. At Paris 2024, there will only be one race of 20km for the women and a 35km mixed team race walk. Reporting by Tommy Lund in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Deutsche Bank, Credit Suisse, and what to know about the financial turmoil — and how one company is working to boost the number of women on Wall Street
▼ + stars: | 2023-03-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The program collaborates with UPenn's Wharton business school, and it teaches college women the fundamentals of markets, portfolio management, and finance. Katherine Jollon Colsher, President and CEO, Girls Who Invest Girls Who InvestKatherine Jollon Colsher is the chief executive officer and president of Girls Who Invest, a nonprofit that aims to help women enter asset management and other careers across Wall Street. Katherine Jollon Colsher: We work exclusively in the buy side, and we do focus exclusively on placing women in internships and frontline investing roles to advance more women portfolio managers. With that, our vision is for 30% of the world's investable capital to be managed by women by 2030. Shares of the German bank tumbled on Friday, as the cost of credit default swaps linked to its bonds shot higher.

☆ Trump's plan to build 10 new American cites is a right-wing dream of 'trad havens for beautiful families,' the internet's favorite architecture critic says
▼ + stars: | 2023-03-23 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Architecture critic Kate Wagner says Trump's plan to build "freedom cities" is nothing new. There's a whole eco-system of classical architecture proponents on Twitter with Roman statues as their avatars who decry modernism. The order made classical architecture — think columns, marble, symmetry — the preferred style for federal buildings. Wagner says Trump's embrace of classical architecture echoes the right-wing war on modernism that began in the 1980s. "For some reason, there also emerged alongside of those advocates a group of people who started to make statements that people neurologically prefer classical architecture."

☆ Locks of hair compose a symphony of genetic information on Beethoven
▼ + stars: | 2023-03-22 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Researchers said on Wednesday his genome showed the German composer was both genetically predisposed to liver disease and had hepatitis B virus infection. The new findings suggest there were multiple factors behind his liver disease including genetics, viral infection and alcohol consumption. "Prior to this study, alcohol was the only definitely known risk factor for Beethoven's liver disease." Beethoven experienced progressive hearing loss starting at age 29 and by 44 his hearing loss was complete, though he continued to compose masterpieces. There was no evidence found for conditions hypothesized by some experts such as otosclerosis or Paget's disease, Begg said.

☆ Why Goldman Sachs alumni are being hoovered up by elite hedge funds like Citadel and Millennium
▼ + stars: | 2023-03-21 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

In November, one of the world's most consequential hedge funds announced a shake-up at the top of its power structure. In an internal memo, the founder of Millennium Management, Izzy Englander, said that Bobby Jain would be vacating the co-CIO role. "You can't readily find that managerial experience at other hedge funds and Goldman is a perfect place to look for those people." 8 former Goldman Sachs leaders are now Millennium execsEnglander isn't alone — firms rarely are in the copycat world of multistrats. In a statement to Insider, Abbey Collins, a spokesperson for Goldman Sachs, said, "Goldman Sachs has always been and remains a talent magnet.

☆ Mexico makes lots of electric cars, but few Mexicans drive them
▼ + stars: | 2023-03-21 | by ( Aida Pelaez-Fernandez | ) www.reuters.com time to read: +5 min

General Motors Co, Ford Motor Co, BMW and Volkswagen's Audi unit also are producing EVs in Mexico, or plan to. "There are still a number of issues that need resolving in Mexico before there's a massive influx of electric cars," said Mario Hernandez, KPMG's lead manufacturing partner in Mexico. Hernandez said drawbacks included a lack of subsidies for buyers, high costs for installing charging devices at homes and a shortage of public charging stations, vital for longer journeys. Mexico has about 1,100 charging stations nationwide, mostly in the capital and other major cities, according to AMIA. Pedro Corral, director of operations for EV charging stations platform Evergo, drives his all-electric i3 BMW around Mexico City.

☆ Billionaire investor Leon Cooperman says the US is going through a 'textbook' financial crisis and the S&P 500 won't hit a new high for a long time
▼ + stars: | 2023-03-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US is going through a "textbook" financial crisis, according to billionaire Leon Cooperman. That means poor returns for stocks, he added, warning the S&P 500 wouldn't hit a high again for a long time. Cooperman has warned markets of an coming recession, and said stocks could plunge 20% this year. "It's kind of like textbook," Cooperman said. Those conditions also mean tepid returns for stocks, Cooperman said.

☆ Mexican state seeks to punish Pemex for emissions from refinery
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, March 19 (Reuters) - Mexico's northern state Nuevo Leon on Sunday warned that it would seek penalties for state oil company Pemex after a dramatic increase in visible emissions from its Cadereyta refinery earlier in the day. Pemex (PEMX.UL) said in a statement that it had "safely halted" operations in one of the plants at the Cadereyta refinery in the afternoon; the company added there was no risk to the population and the emissions were under control. Nuevo Leon's environment ministry, however, said in a statement that it had repeatedly detected "intensified" emissions from the refinery, particularly at night, and that the refinery was responsible for 90% of sulfur dioxide emissions in the metropolitan area of Monterrey city, the state's capital. The ministry said that state environmental law gave it the right, if necessary, to halt operations at the refinery. Reporting by Jackie Botts; Editing by Stefanie EschenbacherOur Standards: The Thomson Reuters Trust Principles.

UFC 286 will stream live on March 18, with the main card starting at 5 p.m. How to watch UFC 286You can watch the main event of UFC 286 on ESPN+ at 5 p.m. Ways to save on the UFC 286 pay-per-view priceIf you're signing up for ESPN+ to watch UFC 286, you can take advantage of a special discounted bundle. New members can buy a year-long ESPN+ membership with access to UFC 286 included for a total of $124.98. Here's the fight card for UFC 286: Edwards vs. UsmanESPNEarly Prelims — 12:30 p.m.

☆ One stupid step in Ukraine could result in a larger conflict, says fmr. Defense Sec. Leon Panetta
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOne stupid step in Ukraine could result in a larger conflict, says fmr. Defense Sec. Leon PanettaFormer Defense Secretary Leon Panetta joins CNBC's Brian Sullivan and 'Last Call' to discuss President Biden's options after a Russian fighter jet disables a U.S. drone, forcing it down into the Black Sea.

☆ Oil prices fall as SVB collapse rocks financial markets
▼ + stars: | 2023-03-14 | by ( Emily Chow | ) www.reuters.com time to read: +2 min

ETSINGAPORE, March 14 (Reuters) - Oil prices fell more than $1 on Tuesday, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. U.S. West Texas Intermediate crude futures (WTI) dropped 82 cents, or 1.1%, to $73.98 a barrel. A stronger-than-expected U.S. consumer inflation outcome would put further downward pressure on near term oil prices, National Australia Bank analysts said in a note. Beyond the Silicon Valley Bank shockwaves, oil prices were also under pressure due to signs of a weaker-than-expected economic recovery in China, despite the lifting of its strict COVID-19 restrictions, said Leon Li, an analyst at CMC Markets. In U.S. supply news, the American Petroleum Institute is expected to release industry data on U.S. oil inventories on Tuesday.

ETMarch 14 (Reuters) - Oil prices fell more than $1 on Tuesday, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. U.S. West Texas Intermediate crude futures (WTI) dropped 85 cents, or 1.1%, to $73.93 a barrel. On Monday, Brent fell to its lowest since early January, while WTI dropped to its lowest since December. Beyond the Silicon Valley Bank shockwaves, oil prices were also under pressure due to signs of a weaker-than-expected economic recovery in China, despite the lifting of its strict COVID-19 restrictions, said Leon Li, an analyst at CMC Markets. In U.S. supply news, the American Petroleum Institute is expected to release industry data on U.S. oil inventories on Tuesday.

☆ France faces another day of nationwide protests against Macron's pension plans
▼ + stars: | 2023-03-11 | by ( ) www.reuters.com time to read: +2 min

PARIS, March 11 (Reuters) - France faced a seventh day of demonstrations on Saturday against President Emmanuel Macron's unpopular pension reform plans amid ongoing rolling strikes which have affected refineries, public transport and garbage collections. Demonstrations started at 10 a.m (0900 GMT) in the streets of major cities including Toulouse and Nice. Opinion polls show a majority of voters oppose Macron's plan, while a slim majority supports the strike actions. An additional day of nationwide strikes and protests is planned for March 15. Reporting by Tangi Salaun, Forrest Crellin and Benoit Van Overstraeten; Editing by Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.

☆ Column: The ironic side effects of the rapid global energy transition
▼ + stars: | 2023-03-10 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

This chorus of support for the energy transition has ignited an almost frantic renewable energy development spree across the world, with green energy generation capacity growing at a record pace in every major economy. On January 1st, 2020, the International Maritime Organisation (IMO) implemented ship emissions standards that slashed the maximum level of sulfur allowed in shipping fuels. As sulfur levels dropped more radiation was absorbed. Old solar panels face a similar predicament, especially ones that lack the efficiency of newer models and in the eyes of resellers are not worth collecting from old sites and homes. They can also face volatile market prices for the recycled and reclaimed materials they do manage to gather.

☆ Tesla could begin producing autos in Mexico next year -Mexican official
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

Companies Tesla Inc FollowMEXICO CITY, March 6 (Reuters) - Tesla Inc (TSLA.O) could begin producing its first cars in Mexico next year, with the electric vehicle maker close to receiving its final permits allowing factory construction to begin in Nuevo Leon near the U.S.-Mexico border, the state's governor said on Monday. Tesla Chief Executive Elon Musk announced the investment last week, saying the Austin, Texas-based company had selected Mexico for its next "gigafactory" with plans to produce a "next gen vehicle." Mexican officials have said the factory will be the world's biggest to produce electric vehicles, with investment worth $5 billion. "The president, by authorizing and backing Tesla, sent a message to the world that they should come to Mexico." Reporting by Daina Beth Solomon in Mexico City Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Thomas Lee, Private-Equity Pioneer, Struggled to Reprise Early Successes
▼ + stars: | 2023-03-05 | by ( Miriam Gottfried | ) www.wsj.com time to read: 1 min

Thomas Lee at his New York office in 2019. Thomas H. Lee, who helped create the private-equity industry in the 1970s, struggled to capitalize on its explosive growth over the past two decades. The investor, who last month was found dead in his office from a self-inflicted gunshot wound to the head, came of age in the era of such buyout legends as KKR & Co.’s Henry Kravis and George Roberts , Blackstone Inc.’s Stephen Schwarzman and Apollo Global Management Inc.’s Leon Black .

☆ NHL roundup: Bruins bounce Rangers for 10th straight win
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +9 min

At the end of a board battle behind Elliott in the second period, Hinostroza one-timed his second goal off a pass from Casey Mittelstadt at 5:35 for Buffalo's first lead. Captain Dylan Larkin scored in the second period and Magnus Hellberg made 32 saves for the Red Wings, who have lost five straight games (0-4-1). Bennett, who had missed six straight games, scored one goal. Capitals 8, Sharks 3Craig Smith scored twice in Washington's four-goal second period and the visitors rallied for a win against San Jose. Predators 3, Blackhawks 1Philip Tomasino, Tyson Barrie and Colton Sissons scored for visiting Nashville in a win against Chicago.

☆ Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, March 3 (Reuters) - Mexico would not be able to match the incentives offered under a U.S. act to tame inflation if Tesla Inc builds a battery plant in the country, Mexico's finance minister said on Friday, days after Tesla announced the construction of a "gigafactory" there. Tesla (TSLA.O) has not confirmed whether it will also build a battery plant in Mexico, but local officials say Tesla has visited the central states of Hidalgo, Queretaro and Puebla to scout potential sites. A decision on a battery plant in Mexico has yet to be announced. "The battery plant was not in (Tesla's) original plan, it was the Mexican government's suggestion," Ramirez said. Without legislation, Ramirez said, Mexico would not be able to match U.S. incentives.

☆ ‘Leon Russell:’ Review: Ringmaster of Rock ’n’ Roll’s Circus
▼ + stars: | 2023-03-04 | by ( David Kirby | ) www.wsj.com time to read: +1 min

Most rock bios begin with 30 or 40 pages on their subjects’ early years and end with a look at what is often a retirement marked by neglect and what-ifs. Not this one. With “Leon Russell: The Master of Space and Time’s Journey Through Rock & Roll History,” Bill Janovitz gets right down to business, as did his subject: one of the most electrifying stage performers of his day, a chart-topping recording artist, and a singer/songwriter/keyboardist/guitarist/producer who worked with a pantheon that included many of the rock, pop, and country stars of our time. Leon Russell went to work early and never stopped. Never one to let his Brylcreemed good looks be marred by a piece of flying glass, Lewis told the frightened teens behind him to keep chooglin’ while he slipped out the back way and tore off into the night in his Caddy.

☆ NHL roundup: Knights edge Devils in shootout
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +3 min

[1/5] Mar 3, 2023; Las Vegas, Nevada, USA; New Jersey Devils center Nico Hischier (13) skates against Vegas Golden Knights defenseman Shea Theodore (27) during an overtime period at T-Mobile Arena. Adin Hill, playing in his 100th career NHL game, made a career-high 47 saves and stopped all four shootout attempts for the Golden Knights, who broke a tie for first place in the Pacific Division with the idle Los Angeles Kings. Kraken 4, Blue Jackets 2Jared McCann and Alex Wennberg each had a goal and an assist as Seattle defeated host Columbus. Leon Draisaitl and Kailer Yamamoto each had two goals and an assist, and Connor McDavid, whose five-game goal streak ended, had three assists for the Oilers. Lawson Crouse scored his 20th goal of the season for the Coyotes, who have lost four of their past five games.

☆ Are Butterflies Wildlife? Depends Where You Live.
▼ + stars: | 2023-03-04 | by ( ) www.nytimes.com time to read: +10 min

The creatures are simply left out of state conservation statues, or their situation is ambiguous. “State agencies are really at the forefront of conservation for wildlife,” said Scott Black, executive director of the Xerces Society, a nonprofit group that advocates for insect conservation. Sometimes, aquatic insects come under the purview of state wildlife agencies. But across the states without insect authority, officials are often reluctant to broach adding it, Mr. Winton said. Seven of the states without insect conservation authority are in the West, which has felt the effects of climate change intensely.

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