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Trump had claimed he would suffer "extreme prejudice" without a new damages expert for the scheduled Jan. 16, 2024, trial. That Trump's chosen expert "was unreliable and would not testify had been known to him for months. Trump's lawyers are defending him at trial against New York Attorney General Letitia James' civil fraud claims related to his family business, the Trump Organization. In May, a jury ordered Trump to pay Carroll $5 million for sexual assault and defamation in a second lawsuit, after Trump again denied her claims in October 2022. The case is Carroll v. Trump, U.S. District Court, Southern District of New York, No.
Persons: Donald Trump, Steve Marcus, Donald Trump's, Jean Carroll, Trump, District Judge Lewis Kaplan, Kaplan, Letitia James, Carroll, Jonathan Stempel, Daniel Wallis Organizations: Republican U.S, Republican Jewish Coalition, Leadership, REUTERS, U.S, District, New York, Trump Organization ., Elle, Trump, Court, Southern District of, Thomson Locations: Las Vegas , Nevada, U.S, Manhattan, Southern District, Southern District of New York, New York
The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. In the trial that started on Sept. 12 and is expected to largely end Thursday, the Justice Department is seeking to prove that Google is a monopolist and illegally abused that monopoly power to favor its own bottom line. No decision on whether to hold closing arguments, the final phase of the trial, has been made. They may be held in the spring, according to courtroom discussions about future hearings. The final witness for the U.S., MIT economics professor Michael Whinston, argued as the hearing began that those contracts helped provide Google with market power in the search advertising market and that "Google has exercised significant market power by raising prices."
Persons: Shannon Stapleton, Alphabet's, Michael Whinston, Diane Bartz Organizations: Google, Chelsea, REUTERS, Rights, U.S, Justice Department, Verizon, Samsung, MIT, Thomson Locations: New York City, U.S
Valerie Plesch | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wholesale prices in October, as measured by the producer price index, fell 0.5% for the month against the expected 0.1% increase. And that, to put it mildly, "may be at least a tad optimistic," Cox wrote. Expectations of a rate cut forced down Treasury yields Tuesday (though they rose again yesterday).
Persons: Valerie Plesch, Jeff Cox, Cox, Quincy Krosby, Henry Allen, Organizations: Eccles Federal, Bloomberg, Getty, CNBC, Major, Nasdaq, Dow Jones Industrial, Federal Reserve, Investors, Treasury, LPL, Deutsche Bank, Fed Locations: Washington , DC, Major U.S
Valerie Plesch| Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wholesale prices in October, as measured by the producer price index, fell 0.5% for the month against the expected 0.1% increase. And that, to put it mildly, "may be at least a tad optimistic," Cox wrote. Expectations of a rate cut forced down Treasury yields Tuesday (though they rose again yesterday).
Persons: Valerie Plesch, Jeff Cox, Cox, Quincy Krosby, Henry Allen, Organizations: Eccles Federal, Bloomberg, Getty, CNBC, Major, Nasdaq, Dow Jones Industrial, Federal Reserve, Investors, Treasury, LPL, Deutsche Bank, Fed Locations: Washington , DC, Major U.S
NZ confident about future after semi-final exit
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +3 min
Skipper Williamson had no complaints about how the Blacks Caps were manhandled out of the semi-finals by India on Wednesday, possibly bringing to an end his hopes of ever raising the oldest limited-overs World Cup trophy. The batting great, who has played in four World Cup semi-finals and two finals, will be 37 when southern Africa hosts the quadrennial 50-overs showpiece in 2027, while strike bowlers Tim Southee and Trent Boult will be 38. "You can only hope that, as we experienced from some of our leaders as young guys, that we can continue to bring players through. "I love being part of this group and we've got a number of world class players who love being in that changeroom and love playing for New Zealand. Reporting by Nick Mulvenney in Sydney, editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
Persons: Kane Williamson, Skipper Williamson, Tim Southee, Trent Boult, Williamson, It's, Matt Henry, Jimmy Neesham, Mark Chapman, Rachin Ravindra, Daryl Mitchell, Mitchell, we've, Nick Mulvenney, Shri Navaratnam Organizations: Blacks Caps, India, Black Caps, Caps, New Zealand, Thomson Locations: MUMBAI, New Zealand, Africa, India, While, New, Sydney
REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies PepsiCo Inc FollowNEW YORK, Nov 15 (Reuters) - New York state sued PepsiCo (PEP.O) on Wednesday, accusing the beverage and snack food giant of polluting the environment through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. The lawsuit seeks to force PepsiCo to stop causing a nuisance, clean up contamination, and provide other relief. California in 2022 announced it was conducting an investigation into the fossil fuel and petrochemical industries' role in plastic pollution. Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Shannon Stapleton, Letitia James, PepsiCo, James, Jack, Doritos, Jonathan Stempel, Chizu Nomiyama, Jonathan Oatis Organizations: Pepsi, REUTERS, PepsiCo, Gatorade, Lay's, Thomson Locations: New York, U.S, Erie County, Buffalo, Purchase , New York, Fritos, Lipton, Tostitos . Connecticut, Minnesota, . California
The U.K. plan is part of a broader effort by Western countries to cope with a rise in migrants arriving at their borders. Photo: henry nicholls/Agence France-Presse/Getty ImagesLONDON—A U.K. plan to send some migrants who arrive illegally to live in Rwanda suffered a major setback after a top court said the central African country wasn’t a safe place to house asylum seekers. The ruling scuttles Prime Minister Rishi Sunak ’s marquee policy to curb migration and offers a warning shot to other European nations considering similar plans.
Persons: henry nicholls, Rishi Sunak Organizations: Agence France, scuttles Locations: U.K, Rwanda
A page from a copy of the First Folio Photo: PBSWho, pray tell, were John Heminges and Henry Condell ? Men responsible for “the most important secular book in the history of the Western world,” according to “Making Shakespeare: The First Folio.” A “Great Performances” presentation, it is concerned, though not overly, with the original publication of William Shakespeare ’s previously uncollected plays, now 400 years old and a near-accident of history. Making Shakespeare: The First Folio Friday, 9 p.m., PBSHeminges and Condell, actor colleagues of Shakespeare, took it upon themselves (with assistance, financial and otherwise, we are told, from bookseller Edward Blount ) to collect, transcribe and print Shakespeare’s 36 known plays in the few years after the playwright’s death in 1616; fewer than 20 had been printed previously (in quarto form—eight pages of text to a sheet, folded to make four leaves). Others were gathered by the pair from handwritten copies, scripts, notes, and often had to be compared with the few examples of Shakespeare’s own handwriting, which was, as one expert describes it, “a mess.”
Persons: John Heminges, Henry Condell, William Shakespeare ’, Shakespeare, Edward Blount Organizations: PBS
Aug 17, 2019; Dallas, TX, USA; Power power forward Glen Davis (0) during the game at the American Airlines Center. Glen Davis, 37, who played for three NBA teams and won a championship in 2008 with the Boston Celtics, was convicted on four counts including wire fraud, health care fraud, conspiring to commit fraud, and conspiring to make false statements. Will Bynum, 40, who played for three teams including the Detroit Pistons, was found guilty of conspiring to make false statements, but acquitted on a fraud conspiracy charge. At least two dozen people including 19 former NBA players, a dentist, a doctor and a chiropractor were implicated in the fraud scheme, with charges first announced in October 2021. Williams, who played with the New Jersey Nets and three other teams, pleaded guilty over his role last year.
Persons: Glen Davis, Jerome Miron, Will Bynum, Damian Williams, Sabrina Shroff, Davis, Victor Henderson, Mr, Bynum, Terrence Williams, Williams, Jonathan Stempel, Stephen Coates Organizations: American Airlines Center, National Basketball Association, NBA, Boston Celtics, Detroit Pistons, U.S, Attorney, Prosecutors, New Jersey Nets, Thomson Locations: Dallas , TX, USA, Manhattan, Beverly Hills, Nevada, Encino , California, New York
REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies PepsiCo Inc FollowNEW YORK, Nov 15 (Reuters) - New York state sued PepsiCo (PEP.O) on Wednesday, accusing the beverage and snack food giant of polluting the environment and endangering public health through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. "All New Yorkers have a basic right to clean water, yet PepsiCo's irresponsible packaging and marketing endanger Buffalo’s water supply, environment, and public health," she said in a statement. The New York lawsuit also said PepsiCo has deceived consumers by announcing various targets to reduce the amount of non-recycled plastic it uses in packaging, although it has actually increased its usage. The lawsuit seeks to force the Purchase, New York-based company to stop causing a nuisance, clean up contamination and pay for damages caused by plastic waste.
Persons: Shannon Stapleton, Letitia James, PepsiCo, James, Jack, Doritos, Judith Enck, Obama, Clark Mindock, Jonathan Stempel, Chizu Nomiyama, Jonathan Oatis, Alexia Garamfalvi Organizations: Pepsi, REUTERS, PepsiCo, The New, Gatorade, Lay's, Plastics, Environmental Protection Agency, Thomson Locations: New York, U.S, Erie County, Buffalo, The New York, , New York, Fritos, Lipton, Connecticut, Minnesota, . California
Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. In a statement responding to the motion, a spokesperson for New York Attorney General Letitia James said Trump was trying to distract from his "fraud." It is highly unlikely that Engoron will declare a mistrial, given his earlier fraud findings and defense of his law clerk's conduct. Trump took the stand in the case last week, defending his business practices and calling the case "election interference." The case is among the many legal woes facing Trump as he campaigns for the presidency.
Persons: Donald Trump, Dave Sanders, Donald Trump's, Arthur Engoron, Engoron, Trump, Letitia James, Chuck Schumer, Christopher Kise, clerk's, Luc Cohen, Nick Zieminski Organizations: U.S, Trump Organization, Court, REUTERS, Wednesday, Trump, New York, Democrat, Democratic, Thomson Locations: New York, Manhattan, New York City, U.S, New York State
Former U.S. President Donald Trump departs from Trump Tower in New York City, U.S., April 13, 2023. Trump is the frontrunner for the Republican nomination to challenge Democratic President Biden in the 2024 U.S. election. Thousands of people stormed the Capitol in a failed attempt to prevent Congress from certifying Biden's 2020 victory over Trump. Regardless of whether Trump is on the ballot, Biden would be expected to win there. The U.S. Supreme Court, whose 6-3 conservative majority includes three Trump appointees, may ultimately weigh in.
Persons: Donald Trump, Mike Segar, Trump, Biden, Sarah Wallace, Andrew Goudsward, Will Dunham, Scott Malone Organizations: U.S, Trump, REUTERS, Colorado voters, Capitol, U.S ., Washington, Republican, Democratic, Colorado, Supreme, Thomson Locations: New York City, U.S, Colorado, Constitution's, U.S . Civil, Washington, Michigan, Minnesota
BALTIMORE (AP) — Soon after U.S. bishops inside a Baltimore hotel approved materials on how Catholics should vote in 2024 elections, their recently ousted colleague and dozens of his supporters rallied outside the annual fall business meeting. We are serving migrants in our dioceses.”Outside the meeting’s last day of public sessions, Strickland, the ousted bishop, continued to make his presence known. When the pope asked Bishop Strickland to resign, it was a wound to the whole church,” Allen said. Many U.S. Catholic student centers are named in honor of Newman, which Bishop William Byrne, a former college chaplain, pointed out. ___Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.
Persons: , Bishop Joseph Strickland, Pope Francis, restate, , William Lori, Strickland, Cardinal Christophe Pierre, Pope Francis ’, Mary Rappaport, Suzanne Allen, , Bishop Strickland, ” Allen, Rappaport, ” Strickland, Cardinal John Henry Newman, Newman, Bishop William Byrne, ” Newman, Robert Barron, ” ___ Smith Organizations: BALTIMORE, U.S . Conference of Catholic Bishops, U.S, Catholic, ___, Lilly Endowment Inc, AP Locations: Baltimore, Tyler , Texas, America, , United States, Alexandria , Virginia, Westport , Connecticut, Winona, Rochester, Minnesota, Pittsburgh
In today's big story, a Business Insider reporter gives her unique perspective on navigating life as a startup founder's wife. The big storyA founder's other backerJosh Cochran for InsiderThe startup world is not for the faint of heart. Melia's account of her relationship with Kyle and his startup is equal parts entertaining, heartwrenching, and informative. AdvertisementJosh Cochran for InsiderAs if being a founder spouse wasn't difficult enough, Melia has the bonus of covering the space as a reporter. And while that's true of any relationship, it's especially pertinent in the volatile startup ecosystem.
Persons: , Josh Cochran, it's, Insider's Melia Russell, Kyle, Melia, takeaways Melia, Lennihan, Alexander Spatari, Pete Weir, Weir, — it's, HENRY, Steve Irwin, Satya Nadella, Bolton Clarke, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Brandon Bell, Getty, Associated Press, Apple, Google, US, York City, Discovery Education, Australia, Microsoft, Cisco Locations: Brandon, York, New York City, San Diego, London, New York
Cast members Jonny Lee Miller, Dominic West, Elizabeth Debicki, Jonathan Pryce, Imelda Staunton and Lesley Manville attend the premiere for the TV series The Crown Season 5 in London, Britain, November 8, 2022. The two-part sixth, and final, season of “The Crown” explores Princess Diana’s final days before she perishes in a car accident. Debicki believes it’s a common experience for "The Crown" actors to struggle to “let go” and stop “observing” themselves while filming the show. Similarly, Khalid Abdalla - who portrays Dodi Fayed, Egyptian billionaire Mohamed al-Fayed's son, who was in a romantic relationship with Princess Diana - viewed his work with Debicki as a huge responsibility. He went into the final season also thinking about how the loss of Princess Diana is still a “cultural trauma” for “millions of people around the world.”Abdalla said the sacredness of what “The Crown” cast was recreating was something to which he wanted to give dignity.
Persons: Jonny Lee Miller, Dominic West, Elizabeth Debicki, Jonathan Pryce, Imelda Staunton, Lesley Manville, Henry Nicholls, Princess Diana, , Debicki, Diana’s, Peter Morgan, Queen Elizabeth’s, ” Debicki, Khalid Abdalla, Dodi Fayed, Mohamed al, , ” Abdalla, Rollo Ross, Danielle Broadway, Mary Milliken, Jonathan Oatis Organizations: REUTERS, Reuters, Netflix, Debicki, Thomson Locations: London, Britain
Henry Blodget says he will serve as board chair of Insider, advise Axel Springer on its U.S. development and go back to doing journalism. Photo: mike blake/ReutersHenry Blodget, one of the early pioneers of digital media, is stepping down as chief executive of Insider, a publication he co-founded more than 15 years ago. The move comes as Insider, now a unit of German publishing giant Axel Springer, is changing its name back to Business Insider as part of an effort to focus on business and technology news instead of trying to be a generalist publication. The change, effective Tuesday, is happening less than three years after the publication had shortened its name to Insider.
Persons: Henry Blodget, Axel Springer, blake Organizations: Business
REUTERS/Lawrence Bryant/File Photo Acquire Licensing RightsNov 13 (Reuters) - A federal judge on Monday allowed the majority of claims to move forward in sprawling litigation that claims chemical hair relaxer products made by L'Oreal USA, Revlon and others cause cancer and other injuries. Illinois-based U.S. District Judge Mary Rowland denied most of the companies’ arguments in their motion to dismiss the complaint in the multidistrict litigation over the products. The products, which include chemicals to permanently straighten textured hair, are typically marketed to women of color. Representatives for L’Oreal (OREP.PA) and Revlon did not immediately respond to requests for comment. In a statement posted online after the first lawsuits were filed, L'Oreal said it was "confident in the safety of our products and believe the recent lawsuits filed against us have no legal merit."
Persons: Sheila Bush, Lawrence Bryant, Mary Rowland, Rowland, Jennifer Hoekstra, Diana Jones, Leigh Jones, Lincoln Organizations: REUTERS, L'Oreal USA, Revlon, District, National Institutes of Health, L’Oreal, L'Oreal, Reuters, Thomson Locations: St, Louis , Missouri, U.S, Illinois, India
The typical HENRY — high earner, not rich yet — is 32, lives in a city, and makes six figures. The typical HENRY — or high earner, not rich yet — is an urban 32-year-old without kids, makes a six-figure income, and has lots of student debt. This is according to data on 1,500 clients shared with Insider from Stash Wealth , a financial advisor for HENRYs . Five HENRYs told Insider they're saving upwards of 40% to 70% of their income each year. Given many HENRYs got an undergraduate degree, with some pursuing doctorates, student loans are particularly elevated, as the average HENRY student loan balance comes in at $80,000.
Persons: HENRY, HENRYs, , HENRY —, Priya Malani, Savannah White, She's, White, Gen, Sherry, Zer, Malani, Sarah Baus, it's, Baus Organizations: Service, HENRYs, Shash, Federal Reserve's Survey, Consumer Finances, Bank of America Institute, Olive, SC Locations: New York City, Los Angeles, Savannah, Charleston
A note from Business Insider's new CEO
  + stars: | 2023-11-14 | by ( Barbara Peng | ) www.businessinsider.com   time to read: +3 min
Today I am excited to share some news: we're officially returning to the name Business Insider. There is so much I love about Business Insider. Two years later, we adopted the name Business Insider. We help them discover the ideas and the people who are changing business, tech, and beyond. A future as Business Insider reaffirms our center of gravity around business, tech, and innovation.
Persons: we're, It's, We've, Henry Blodget, , Henry, doesn't, we've, We'll, Organizations: Business, Financial Locations: New York, London
NEW YORK, Nov 14 (Reuters) - New York University (NYU) was sued on Tuesday by three Jewish students who accused the school of creating a hostile environment in which Jewish students are subjected to pervasive antisemitic hatred, discrimination, harassment and intimidation. They also said Jewish students' complaints are "ignored, slow-walked, or met with gaslighting" by NYU administrators including Linda Mills, who became president in July. According to the complaint, Mills this month dismissed a petition from 4,000 NYU members expressing concern about antisemitism, saying the problem had been blown "out of proportion" and chiding Jewish students as "alarmist." "NYU's deliberate indifference toward the plight of its Jewish students under siege by egregious antisemitism has been outrageous," Marc Kasowitz, a lawyer for the plaintiffs, said in a statement. The case is Ingber et al v New York University, U.S. District Court, Southern District of New York, No.
Persons: Bella Ingber, Sabrina Maslavi, Saul Tawil, Hitler, Linda Mills, Mills, Tawil, Maslavi, Marc Kasowitz, Jonathan Stempel, Bill Berkrot Organizations: New York University, NYU, Hamas, Jewish, U.S, Court, Southern District of, Thomson Locations: Manhattan, Israel, Southern District, Southern District of New York, New York
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 14 (Reuters) - A federal judge on Tuesday rejected efforts by major social media companies to dismiss nationwide litigation accusing them of illegally enticing and then addicting millions of children to their platforms, damaging their mental health. The decision covers hundreds of lawsuits filed on behalf of individual children who allegedly suffered negative physical, mental and emotional health effects from social media use including anxiety, depression, and occasionally suicide. "Today’s decision is a significant victory for the families that have been harmed by the dangers of social media," the plaintiffs' lead lawyers - Lexi Hazam, Previn Warren and Chris Seeger - said in a joint statement. More than 140 school districts have filed similar lawsuits against the industry that are also before Gonzalez, and 42 states plus the District of Columbia last month sued Meta for youth addiction to its social media platforms. She cited as an example allegations that companies could have used age-verification tools to warn parents when their children were online.
Persons: Dado Ruvic, Yvonne Gonzalez Rogers, Lexi Hazam, Previn Warren, Chris Seeger, Gonzalez, Meta, Rogers, Jonathan Stempel, Nate Raymond, Chizu Nomiyama, Matthew Lewis, Alexia Garamfalvi, Aurora Ellis Organizations: REUTERS, of Columbia, U.S, Communications, Thomson Locations: Oakland , California, New York, Boston
CENTRAL ISLIP, New York, Nov 14 (Reuters) - A former fundraiser for indicted U.S. Representative George Santos pleaded guilty to fraud on Tuesday, adding to the pressure on the embattled New York Republican. U.S District Judge Joanna Seybert accepted the plea, part of an agreement with federal prosecutors, and set Miele's sentencing for April 30. At the hearing, Miele admitted he pretended he was chief of staff to the then minority leader of the U.S. House of Representatives, Kevin McCarthy, to help solicit contributions for Santos' campaign. Miele is the second person close to Santos to plead guilty to federal charges in recent weeks. Nancy Marks, Santos' former campaign treasurer, pleaded guilty on Oct. 5 to a conspiracy charge for inflating his 2022 congressional campaign's fundraising numbers.
Persons: Representative George Santos, Samuel Miele, Joanna Seybert, Miele, Santos, Kevin McCarthy, Joseph Murray, Miele's, Nancy Marks, Tom Hals, Daniel Wallis Organizations: U.S, Representative, New York Republican, U.S . House, Representatives, Thomson Locations: ISLIP , New York, Long Island, Santos, Wilmington , Delaware
REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A New York trial judge has narrowed Warner Bros Discovery's lawsuit against Paramount Global (PARA.O) over the rights to stream "South Park," the animated comedy featuring foul-mouthed children. She also dismissed a claim that Paramount failed to act in good faith, because that claim duplicated Warner's breach of contract claim. Warner sued in February, saying Paramount breached the agreement by providing only 14 new episodes, and diverted other new "South Park" content to its Paramount+ streaming service under a $900 million agreement with Parker and Stone. "South Park" was launched in August 1997 on Comedy Central, owned by Paramount. The case is WarnerMedia Direct LLC v Paramount Global et al, New York State Supreme Court, New York County, No.
Persons: Alyssa Pointer, Margaret Chan, Trey Parker, Matt Stone, HBO Max, Warner, Parker, Stone, countersued Warner, Jonathan Stempel, Franklin Paul Organizations: Warner Bros . Discovery Atlanta, REUTERS, Warner Bros, Paramount Global, Paramount, HBO, Comedy Central, New York, Court, Franklin Paul Our, Thomson Locations: Atlanta , Georgia, U.S, York, Manhattan, New, Court , New York County, New York
Americans have put big renovations and discretionary home-improvement projects on the back burner as they battle sticky inflation, higher interest rates and lingering caution around the economy. "We see great (customer) engagement... with smaller projects," CEO Ted Decker said on an earnings call. Per-share profit of $3.81 topped estimates of $3.76. "With continued pressure in certain big-ticket discretionary categories and a trend to smaller projects, HD took the conservative approach – which we agree with," Evercore analyst Greg Melich said. It now expects annual per-share profit to fall 9% to 11%, compared with a 7% to 13% slump estimated previously.
Persons: Lucy Nicholson, Ted Decker, Sarah Henry, Henry, Greg Melich, Deborah Sophia, Sriraj Organizations: REUTERS, U.S, Logan Capital Management, Home Depot, Thomson Locations: Los Angeles , California, Bengaluru
Hedge funds and other money managers sold the equivalent of 57 million barrels in the six most important futures and options contracts over the seven days ending on Nov. 7. Fund managers have been sellers in five of the most recent six weeks reducing their combined position by a total of 331 million barrels since Sept. 19. The combined position was reduced to just 349 million barrels (13th percentile for all weeks since 2013) from a high of 680 million barrels (64th percentile) six weeks earlier. Bearish short positions in the premier NYMEX WTI contract were boosted to 96 million barrels on Nov. 7 from just 20 million at the start of October. Related columns:- Oil prices slump as fundamentals reassert themselves (November 9, 2023)- Investors dump crude oil and distillates as Mideast risk recedes (November 6, 2023)- Crude oil sees fresh short sales as interest rates rise (October 30, 2023)- Investors dumped oil among fastest rates in last decade (October 16, 2023)- Oil investors turn cautious away from Cushing squeeze (October 2, 2023)John Kemp is a Reuters market analyst.
Persons: Henry Romero, Brent, Cushing, John Kemp, David Evans Organizations: REUTERS, OPEC, ICE, U.S, Thomson, Reuters Locations: Gulf of Mexico, Veracruz, Mexico, Saudi Arabia, Chartbook, WTI, NYMEX, Cushing, Oklahoma, Russia
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