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Morgan Stanley analyst Manan Gosalia, in a report earlier this week, set a target price of $54 for First Republic shares in a best-case scenario. That hope was reduced on Wednesday, after Yellen told a hearing of the U.S. Senate's Appropriations Subcommittee on Financial Services that the government "is not considering insuring all uninsured bank deposits." The Morgan Stanley report considered that a potential extension of FDIC insurance could bring a majority of First Republic's customers back. Even if it clinches a cash infusion, the lender will probably need to take losses on securities in its so-called held to maturity portfolio, the Morgan Stanley analysts wrote. In the worst-case scenario, First Republic's shares would sink to just $1, Morgan Stanley analysts estimated.

☆ S&P 500 Clinches Best Week Since November 2022
▼ + stars: | 2023-03-11 | by ( Hannah Miao | ) www.wsj.com time to read: 1 min

Traders are pricing in a 95% probability that the Fed will leave rates as is in December, up from 79% a week ago, according to CME Group’s federal-funds futures. Photo: Spencer Platt/Getty ImagesThe S&P 500 rallied Friday, capping its best weekly performance since November 2022, after the latest monthly jobs report suggested the Federal Reserve’s interest-rate raising campaign is working. The broad index gained 0.9%, bringing its gains for the week to 5.9%. The Dow Jones Industrial Average added about 200 points, or 0.7%, on Friday, while the Nasdaq Composite rose 1.4%. Those indexes also recorded their biggest weekly percentage gains of the year.

Persons: Spencer Platt Organizations: Group’s, Getty, Dow Jones, Nasdaq

"Right now the war in Ukraine is at a critical point," U.S. President Joe Biden told reporters. Germany would provide Marder Infantry Fighting Vehicles, according to a joint statement on Thursday from Biden and Chancellor Olaf Scholz. TRUCE PROPOSALUkrainian President Volodymyr Zelenskiy rejected out of hand a Russian order for a truce over Orthodox Christmas starting at noon on Friday and ending at midnight on Saturday. The heaviest fighting of the war continues in eastern Ukraine, with the worst of it near the eastern city of Bakhmut. Ukraine says Russia has lost thousands of troops despite seizing scant ground in months of futile waves of assaults on Bakhmut.

☆ Malaysia votes in general election, Anwar seen leading tight race
▼ + stars: | 2022-11-19 | by ( A. Ananthalakshmi | Rozanna Latiff | ) www.reuters.com time to read: +5 min

Malaysian Caretaker Prime Minister Ismail Sabri Yaakob stands in a line to vote during Malaysia's 15th general election in Bera, Pahang, Malaysia November 19, 2022. Prime Minister Ismail Sabri Yaakob’s ruling Barisan coalition and another bloc led by former premier Muhyiddin Yassin are other leading contenders. Muhyiddin’s alliance was a junior partner in Ismail’s coalition government, and the two could come together again to block Anwar. That was on par with turnout at the same time in the previous election in 2018, reflecting the increase in voters, political analyst Bridget Welsh told Reuters. Anwar was the top choice for prime minister at 33%, followed by Muhyiddin at 26% and Ismail at 17% in the Merdeka survey.

☆ Mikaela Shiffrin clinches her 75th World Cup win, breaking a Lindsey Vonn record
▼ + stars: | 2022-11-19 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Mikaela Shiffrin claimed her 75th World Cup win in Levi, Finland on Saturday, sealed with an electrifying second run, as she broke Lindsey Vonn’s record for the most podiums in a single discipline by a female skier. She is now just seven World Cup wins shy of her fellow American’s record 82 wins for a female skier and 11 behind the all-time leader, Sweden’s Ingemar Stenmark. “On the second run I made adjustments and it felt like a really good pace and tempo. Alessandro Trovati/AP“Today was a really good day. And, as well as the gold medal, Shiffrin will return home from Levi with her fifth Lapland reindeer, the traditional prize at Levi.

KUALA LUMPUR, Nov 19 (Reuters) - A new coalition led by former Malaysian prime minister Muhyiddin Yassin was leading a hotly contested general election on Saturday, with opposition chief Anwar Ibrahim a close second, early results from the Election Commission showed. The other main contender - Prime Minister Ismail Sabri Yaakob's ruling Barisan Nasional coalition - was losing ground in traditional strongholds to Muhyiddin's bloc, the results showed. As of 1630 GMT, the Election Commission had announced results for 123 of the 222 parliamentary seats. [1/6] Malaysian Caretaker Prime Minister Ismail Sabri Yaakob stands in a line to vote during Malaysia's 15th general election in Bera, Pahang, Malaysia November 19, 2022. The top issues are the economy, along with corruption, as several leaders from the Barisan Nasional coalition face graft accusations.

☆ Nigeria's Obasanjo clinches unlikely Ethiopia truce
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +5 min

[1/2] Former Nigerian president and African Union envoy Olesegun Obasanjo arrives for the signing of the AU-led negotiations to resolve the conflict in northern Ethiopia, in Pretoria , South Africa, November 2, 2022. Summary Obasanjo stepped down as Nigeria's president in 2007Now aged 85, he took up peace-making in retirementMediated in crises from Ivory Coast to MozambiqueJOHANNESBURG, Nov 2 (Reuters) - Olusegun Obasanjo has had mixed results as a mediator of intractable conflicts across Africa since he stepped down as Nigeria's president in 2007, although he has never tired of trying. Obasanjo stepped down from Nigeria's presidency in 2007 and presided over elections that marked the first handover of power from one civilian head of state to another in Nigeria since it became independent from Britain in 1960. The test now is whether Ethiopia's conflict is on track for a permanent peace deal or just a temporary respite. After Abacha's death in 1998, Obasanjo was released and was elected as civilian president in 1999.

The Philadelphia Phillies are facing the Houston Astros in the 2022 World Series. 2022 World Series scheduleEvery game of the 2022 World Series will air on Fox, and the series will continue until one team wins four games and clinches the championship. Game Date & Time Channel Score Philadelphia Phillies at Houston Astros, Game 1 October 28, 8:03 p.m. ET Fox Philadelphia Phillies 6, Houston Astros 5 Philadelphia Phillies at Houston Astros, Game 2 October 29, 8:03 p.m. ET Fox Houston Astros 5, Philadelphia Phillies 2 Houston Astros at Philadelphia Phillies, Game 3 November 1, 8:03 p.m.

The Philadelphia Phillies will face the Houston Astros in the 2022 World Series on Fox. The 2022 World Series begins October 28, with a potential game seven scheduled for November 5. You can stream the World Series on Fox through services like YouTube TV, Sling TV, and Fubo TV. 2022 World Series scheduleEvery game of the 2022 World Series will air on Fox, and the series will continue until one team wins four games and clinches the championship. Game Date & Time Channel Philadelphia Phillies at Houston Astros, Game 1 October 28, 8:03 p.m.

Although Lula's 2003-2010 presidency effectively reduced destruction of the rainforest, he embraced traditional industrial development with little regard for emissions. In the United States, the progressive Green New Deal languished in Congress, while President Joe Biden adapted some of the ideas for his climate agenda. Marcio Astrini, the head of environmental lobby group Climate Observatory, said Lula's proposals were a promising blueprint, but added: "Whether it will happen in practice is another matter." By contrast, Bolsonaro's campaign has said little about his environmental proposals for a second term. [1/3] Macaws sit on a tree at the Amazon rainforest in Manaus, Amazonas State, Brazil October 26, 2022.

☆ China's Xi clinches third term, packs leadership team with loyalists
▼ + stars: | 2022-10-23 | by ( Yew Lun Tian | ) www.reuters.com time to read: +3 min

REUTERS/Tingshu WangBEIJING, Oct 23 (Reuters) - China's Xi Jinping secured a precedent-breaking third leadership term on Sunday and introduced a new Politburo Standing Committee stacked with loyalists, cementing his place as the country's most powerful ruler since Mao Zedong. Shanghai Communist Party chief Li Qiang followed Xi onto the stage at the Great Hall of the People as the new leadership team was introduced, meaning he is likely to succeed Li Keqiang as premier when he retires in March. The other members of the seven-man Standing Committee, China's top governing body, are Zhao Leji and Wang Huning, who return from the previous committee, and newcomers Cai Qi, Ding Xuexiang and Li Xi. Li Qiang is also new to the Standing Committee. Xi Jinping also has total control over the larger Politburo and Central Committee," he said.

Oct 17 (Reuters) - Continental Resources Inc (CLR.N) said on Monday it had agreed to be taken private by billionaire-founder Harold Hamm in a deal that would value the U.S. shale producer at about $27 billion. Smead Capital Management, the largest shareholder after the Hamm family with around 2%, had said in June the original offer "undervalues" the company. Register now for FREE unlimited access to Reuters.com RegisterThe company's shares jumped more than 8% to $73.88 in premarket trading. Hamm founded Continental, the largest oil and gas producer in the Bakken shale, as Shelly Dean Oil Company in 1967, and ran it as a private firm until 2007. Hamm and his family own 83% of Continental's common stock and the deal does not require a vote by shareholders.

☆ Olympic champion Schauffele clinches Presidents Cup for U.S.
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSep 24, 2022; Charlotte, North Carolina, USA; Team USA golfer Xander Schauffele celebrates after making his putt on the 15th green during the four-ball match play of the Presidents Cup golf tournament at Quail Hollow Club. Mandatory Credit: Jim Dedmon-USA TODAY SportsCHARLOTTE, N.C., Sept 25 (Reuters) - The United States clinched their ninth consecutive Presidents Cup on Sunday when Olympic champion Xander Schauffele beat Canada's Corey Conners 1-up in the singles to register the winning point against the Internationals. Needing 4-1/2 points from 12 singles matches to reach the winning total of 15-1/2 the U.S. got the job done early with five contests still to be completed. Register now for FREE unlimited access to Reuters.com RegisterReporting by Steve Keating in Charlotte. Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

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