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Here are the meanings of the 10 hardest words that have also been used in New York Times articles. Working with future Confederate Gen. Edward Porter Alexander, Myer developed the Army’s “wigwag” flag system. (June 24, 2019)10. atilt — askew:Think compression tops patterned à la one-shouldered tanks and sweatpants chopped up and wrapped into lappa-like long shorts. And the star of the Liberian flag strategically placed throughout, though slightly atilt, as though being blown sideways in a sprinter’s wake. — Clean Energy, Cherished Waters and a Sacred California Rock Caught in the Middle (Oct. 24, 2023)The list of the week’s easiest words:

Persons: callaloo, bok choy, Rose Nzada, Ned Rorem, wigwag —, Edward Porter Alexander, Myer, libidinal, efflorescence, John Turturro, venule, —, tailcoat, They’re, cloaca, atilt — askew, — Telfar Clemens, Waters Organizations: New York Times, Community, Confederate, Liberian, Clean Energy Locations: New, West, Cameroon, Bronx, Central, Northern, Southern California, Gaviota, California

REUTERS/Nick Oxford Acquire Licensing RightsNov 1 (Reuters) - Spirit AeroSystems (SPR.N) on Wednesday projected higher-than-expected cash burn for 2023 as it slashed anticipated deliveries of 737 fuselages, but its new CEO said returning the embattled aerospace supplier to positive cash flow will be his "principle goal." "However, we have other cash levers to pull," including organizational inefficiencies and more closely enforcing contracts with its own supply chain, he said. LOWERED 737 DELIVERY EXPECTATIONSOn Wednesday, Spirit increased its anticipated free cash burn to between $275 and $325 million for 2023, compared with the $200 million to $250 million range. Executives said they anticipate positive margins on the 787 program by the first half of 2025 as a result of the agreement with Boeing. Third-quarter cash burn was $136 million, compared with a cash burn of $73 million a year ago.

Persons: Nick Oxford, Patrick Shanahan, Robert Stallard, Shanahan, Abhijith, Maju Samuel, Louise Heavens, Jonathan Oatis, Marguerita Choy Organizations: Spirit AeroSystems Holdings Inc, REUTERS, Boeing, Vertical Research Partners, Airbus, Revenue, Thomson Locations: Wichita , Kansas, U.S, Bengaluru

☆ Computer-led equity hedge funds beat human stock-pickers in October
▼ + stars: | 2023-11-01 | by ( Carolina Mandl | ) www.reuters.com time to read: +1 min

Systematic long/short hedge funds, as the computer-led strategy is known, posted 4.97% in gains last month, while fundamental long/short went down 0.66%, the bank's prime services team wrote. The systematic funds' performance was driven by asset selection, volatility and some crowned trades. In the case of the fundamental long/short funds, the detractor was their exposure to stock indexes. In the year through October, systematic long/short gained 15.06%, outpacing the 3.14% in profits that fundamental long/short posted. Last month, hedge funds also placed bets that stocks in energy, financials, consumer discretionary and information technology will fall.

Persons: Carlo Allegri, Goldman Sachs, Carolina Mandl, Marguerita Choy Organizations: New York Stock, REUTERS, Thomson Locations: Manhattan, New York City , New York, U.S, New York

☆ Nvidia tests chatbots in chip design process in bid to use more AI
▼ + stars: | 2023-10-30 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Oct 30 (Reuters) - Nvidia (NVDA.O) on Monday published new research into using chatbots that can generate human-like responses in the process of designing semiconductors. "It turns out a lot of our senior designers spend a fair amount of their time answering questions from junior designers," Nvidia's chief scientist Bill Dally told Reuters. This can save senior designers a huge amount of time." Dally said a big chunk of engineers' time is dedicated to finding a part of the chip that doesn't work and using testing tools to find out why. To carry out that testing, AI systems can quickly write piece of code called a script that operates the tool.

Persons: Bill Dally, Dally, Stephen Nellis, Marguerita Choy Organizations: Nvidia, Reuters, San, Thomson Locations: San Francisco

New drilling technologies during the so-called Bakken Boom turned North Dakota into the nation's second-largest crude oil-producing state from 2012 to 2020. "This sale is a big deal in North Dakota," said Ron Ness, head of the North Dakota Petroleum Council, an industry trade group. "There's a sentimentality to this sale," said Kathy Neset, who runs a prominent North Dakota oil industry consulting firm and counts Hess as one of her largest clients. Chevron could take Bakken production higher than the output targeted by Hess in the future, said Matthew Bernstein, a senior analyst at Rystad Energy. Bakken oil production could drop to 1.15 million bpd from 2026 and be flat through 2030, before entering gradual decline as inventory exhaustion sets in, said Nathan Nemeth, a principal analyst at Wood Mackenzie.

Persons: Dado Ruvic, Hess, Boom, Mike Wirth, Wirth, Ron Ness, Kathy Neset, Matthew Bernstein, Bernstein, Jessie Jones, Jones, Nathan Nemeth, Wood Mackenzie, Stephanie Kelly, Ernest Scheyder, Marguerita Choy, Simon Webb Organizations: Chevron, Hess, REUTERS, Gulf Coast, Reuters Graphics Chevron, North Dakota Petroleum Council, Rystad Energy, Reuters Graphics Reuters, Energy, Thomson Locations: North Dakota, New Mexico, Gulf, Gulf Coast ., Midland, Texas

☆ Apple expected to unveil new Macs as PC industry slump eases
▼ + stars: | 2023-10-30 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

The new Apple Mac Studio computer and Studio Display are displayed shortly after going on sale at the Apple Store on 5th Avenue in Manhattan, in New York City, New York, U.S., March 18, 2022. Reuters last week reported that Nvidia also plans to jump into the PC market as early as 2025. At Apple, the Mac hit $40.18 billion in revenue for its fiscal 2022, or about 11% of its revenue. While that was up 14% from the previous fiscal year, sales this year have slowed along with the rest of the PC industry, which has suffered a post-pandemic slump. Bajarin said he thinks that supply constraints will lead Apple to focus on higher-end Mac models used by large businesses.

Persons: Mike Segar, Ben Bajarin, Bajarin, Stephen Nellis, Marguerita Choy Organizations: Apple Mac, Apple, REUTERS, Windows, Intel, IDC, Arm Holdings, Qualcomm, Reuters, Nvidia, Creative, Analysts, Taiwan Semiconductor Manufacturing, San, Thomson Locations: Manhattan, New York City , New York, U.S, San Francisco

Sundar Pichai, CEO of Google, reacts during a meeting with U.S. President Joe Biden, India's Prime Minister Narendra Modi and senior officials and CEOs of American and Indian companies in the East Room of the White House in Washington, U.S., June 23, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON, Oct 30 (Reuters) - Sundar Pichai, CEO of Alphabet Inc (GOOGL.O) and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight with the U.S. government over Google's dominance of search and some parts of search advertising. The government, in cross examination, will likely also ask why the company pays billions of dollars annually to ensure that Google search is the default in smartphones. The clout in search makes Google a heavy hitter in the lucrative advertising market, its biggest revenue source. It has also argued that if people are dissatisfied with default search engines that they can, and do, switch to another search provider.

Persons: Sundar Pichai, Joe Biden, Narendra Modi, Evelyn Hockstein, Diane Bartz, Chris Sanders, Marguerita Choy Organizations: Google, U.S, India's, White, REUTERS, Rights, Alphabet Inc, Apple, Thomson Locations: Washington , U.S

☆ Bank of Canada says high rates, slow growth will impact govt spending
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

OTTAWA, Oct 30 (Reuters) - The Bank of Canada on Monday said higher interest rates and low growth will impact the federal government's budget spending and although the country's fiscal position is sustainable, expenditure should be contained to protect social programs. "Lower growth and higher interest rates will certainly impact on the government's budget," Governor Tiff Macklem told lawmakers in the House of Commons. "I don't think fiscal policy in Canada is in a situation where it's unsustainable. The bank said price risks were on the rise and inflation could exceed its 2% target for another two years. The bank increased rates 10 times between March 2022 and this July to tame inflation, which peaked at a four-decade high of 8.1% last year.

Persons: Macklem, Chrystia Freeland, Ismail Shakil, Steve Scherer, Jonathan Oatis, Marguerita Choy Organizations: OTTAWA, Bank of Canada, Finance, Thomson Locations: Canada, FES, Ottawa

☆ Death toll rises to 45 in ArcelorMittal Kazakh coal mine fire
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +1 min

[1/2] Relatives of miners gather at the Kostenko coal mine operated by ArcelorMittal Temirtau during a power outage, as a rescue operation continues following a mine fire, in Karaganda, Kazakhstan October 28, 2023. On Saturday, operator ArcelorMittal Temirtau, the local unit of Luxembourg-based steelmaker ArcelorMittal, said 206 of 252 people at the Kostenko mine had been evacuated after what appeared to be a methane blast. Gennady Silinsky, a senior emergency services official, on Sunday confirmed the death toll and continuing operation in Karaganda, a major coal mining centre, to Kazakhstan's Khabar-24 television. "Work is going on round the clock in shifts in two areas of operations," Murat Katpanov, another emergency official, told Khabar-24. Earlier statements said rescue operations in the two areas - 4 km (2.5 miles) apart - were hampered by power cuts and wrecked equipment.

Persons: ArcelorMittal Temirtau, Stringer, ArcelorMittal, Gennady Silinsky, Kazakhstan's, Murat Katpanov, Khabar, Mariya Gordeyeva, Andrew Osborn, Alexander Smith, Ron Popeski, Marguerita Choy Organizations: REUTERS, Rights, ArcelorMittal, Sunday, Thomson Locations: Karaganda, Kazakhstan, Rights ALMATY, Luxembourg

☆ US says Israel must protect civilians in Gaza, stop Jewish settler violence
▼ + stars: | 2023-10-29 | by ( Doina Chiacu | ) www.reuters.com time to read: +4 min

In a round of television interviews, Sullivan said Washington was asking hard questions of Israel, including on issues surrounding humanitarian aid, distinguishing between terrorists and innocent civilians and on how Israel is thinking through its military operation. Sullivan also said Netanyahu has a responsibility to "rein in" extremist Jewish settlers in the Israeli-occupied West Bank. "It is totally unacceptable to have extremist settler violence against innocent people in the West Bank," he said. The militants also took more than 200 hostages from Israel, who are believed to be in Gaza. Medical authorities in the Gaza Strip, which has a population of 2.3 million people, say 8,005 Palestinians have been killed in Israel's campaign to obliterate the Iran-backed militants.

Persons: Khan Younis, Mohammed Salem, Jake Sullivan, Joe Biden's, Sullivan, Washington, Israel, Biden, Benjamin Netanyahu, Netanyahu, Doina Chiacu, Jasper Ward, Mary Milliken, Marguerita Choy Organizations: Hamas, REUTERS, Rights, White House, IDF, Israel Defense Forces, CNN, Israeli, West Bank, CBS, U.S, Thomson Locations: Israel, Palestinian, Gaza, White, U.S, Iran, United States

☆ Iran does not want Israel-Hamas conflict to spread, foreign minister says
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

Iranian Foreign Minister Hossein Amirabdollahian speaks to an emergency special session of the United Nations General Assembly on the ongoing conflict between Israel and Hamas at U.N. headquarters in New York City, U.S., October 26, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsWASHINGTON, Oct 29 (Reuters) - Iranian Foreign Minister Hossein Amirabdollahian on Sunday said Iran does not want war to "spread out" following the Oct. 7 attack by Palestinian militants of Hamas on Israel that killed at least 1,400 people, mostly civilians. "We don't want this war to spread out," Amirabdollahian said during an appearance on CNN. Amirabdollahian on Sunday dismissed claims directly connecting Iran to the attacks, calling them "baseless." Amirabdollahian said linking Iran to any attack in the region, if U.S. interests are targeted, without providing proof, is "totally wrong."

Persons: Hossein Amirabdollahian, Mike Segar, Amirabdollahian, Al, Antony Blinken, Jasper Ward, Marguerita Choy, Grant McCool Organizations: Iranian, United Nations General Assembly, REUTERS, Rights, Palestinian, Hamas, CNN, United, United Nations, Pentagon, Islamic Revolutionary Guard Corps, Thomson Locations: Israel, U.N, New York City, U.S, Iran, Gaza, Palestine, Al Aqsa, Iraq, Syria, United States, Washington

☆ Mexico throws troops, aid into Acapulco as hurricane death toll rises
▼ + stars: | 2023-10-29 | by ( Josue Decavele | ) www.reuters.com time to read: +4 min

ACAPULCO, Mexico, Oct 29 (Reuters) - Mexico's government on Sunday intensified efforts to get the stricken coastal city of Acapulco back on its feet as the toll of dead and missing from a record-breaking hurricane that ravaged the iconic beach resort continued to rise. POLITICAL FALLOUT[1/7]Damaged boats are seen at the Caleta beach in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 29, 2023. Former President Felipe Calderon, a longstanding adversary of Lopez Obrador, accused his administration of trying to exploit the situation by "rebranding" boxes of private aid contributions to Acapulco as "government" donations. Lopez Obrador said he expected electricity to be fully restored in the city by Tuesday. Reporting by Josue Decavele, Jose Cortes and Alexandre Meneghini in Acapulco; Daina Beth Solomon in Mexico City; Editing by Dave Graham, Marguerita Choy and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Hurricane Otis, Otis, Andres Manuel Lopez Obrador, Lopez Obrador, Blanca Estela Morales, Quetzalli, Lopez, Felipe Calderon, Jesus Ramirez, Calderon, Guerrero, Evelyn Salgado, Luis Cresencio Sandoval, Sandoval, Josue Decavele, Jose Cortes, Alexandre Meneghini, Beth Solomon, Dave Graham, Marguerita Choy, Lisa Shumaker Organizations: REUTERS, . Defense, National Guard, Thomson Locations: ACAPULCO, Mexico, Acapulco, Hurricane, Mexican, Mexico's, Guerrero, Mexico City

☆ Matthew Perry's family 'heartbroken' by 'Friends' star's death
▼ + stars: | 2023-10-29 | by ( Rich Mckay | ) www.reuters.com time to read: +4 min

[1/3] Actor Matthew Perry waits to announce the nominations for the Golden Globe Awards during a news conference in Beverly Hills, California, December 14, 2006. REUTERS/Fred Prouser/File Photo Acquire Licensing RightsOct 29 (Reuters) - Matthew Perry's family, friends and fellow celebrities on Sunday mourned the passing of the wise-cracking co-star of 1990s sitcom "Friends" who died at his Los Angeles home in an apparent drowning this weekend. "Matthew brought so much joy to the world, both as an actor and a friend," Perry's family told People magazine on Sunday in a statement. The official "Friends" webpage on Instagram said: "We are devastated to learn of Matthew Perry’s passing. "I'll remember that character for the rest of my life," she said as the audience cheered, according to the Los Angeles Times.

Persons: Matthew Perry, Fred Prouser, Matthew Perry's, Matthew, Perry, Chandler Bing, Jennifer Aniston, Lisa Kudrow, David Schwimmer, Matt LeBlanc, Courtney Cox, Instagram, Matthew Perry’s, Singer Adele, Chandler, He's, Alyssa Milano, “, Matty, Milano, ”, Rainn Wilson, Dwight, R.I.P, Rich McKay, Marguerita Choy Organizations: Golden Globe, REUTERS, Sunday, Los Angeles, Police, Los Angeles Times, Los, Angeles, Angeles County Medical, Thomson Locations: Beverly Hills , California, Los Angeles, Massachusetts, Canada, Los, Angeles County, Manhattan, Vegas, Atlanta

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. President Laurentino Cortizo announced that the new mining restrictions will apply to both future mining projects as well as those currently seeking permits. The abrupt mining pause comes barely a week after Cortizo hailed the revised contract that allows the local unit of Canada's First Quantum (FM.TO) to continue operating its lucrative Cobre Panama project. "Panama is a mining country," Alexander told Reuters, arguing that without the mine, the country's economy would barely grow this year, versus the robust 6% growth the government estimates. The Cobre Panama mine alone accounts for nearly 5% of Panama's economy.

Persons: Laurentino Cortizo, Cortizo, Hector Alexander, Alexander, Panama's, Edison Broce, Valentine Hilaire, Christian Plumb, Marguerita Choy, Raju Gopalakrishnan Organizations: Minerals, REUTERS, Aris, Reuters, Thomson Locations: Panama, Donoso

☆ US Shifting COVID Antivirals to Commercial Market on Nov. 1
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

The government has been overseeing distribution of the treatments, alongside vaccines and tests, but has transferring that work to traditional commercial channels. Commercial ordering for the treatments is set to start on Nov. 1. The U.S. government paid around $530 per course for Paxlovid, the most commonly prescribed at home COVID-19 treatment in the country, and made it available at no cost. Returns will begin on Nov. 15, the official said, and will be accepted through the end of the year. The government is recommending returns start in December enough time for the establishment of patient assistance programs and securing of commercially-labeled doses.

Persons: Ahmed Aboulenein WASHINGTON, Lagevrio, Ahmed Aboulenein, Marguerita Choy Organizations: U.S, Pfizer, Paxlovid, U.S . Department of Health, Human Services Locations: U.S

The government has been overseeing distribution of the treatments, alongside vaccines and tests, but has transferring that work to traditional commercial channels. Commercial ordering for the treatments is set to start on Nov. 1. Returns will begin on Nov. 15, the official said, and will be accepted through the end of the year. The government is recommending returns start in December enough time for the establishment of patient assistance programs and securing of commercially-labeled doses. Reporting by Ahmed Aboulenein Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Lagevrio, Ahmed Aboulenein, Marguerita Choy Organizations: U.S, Pfizer, Paxlovid, U.S . Department of Health, Human Services, Thomson Locations: U.S

Reuters Image Acquire Licensing RightsAnd that is reflected in the return of the "term premium," the amorphous amount of compensation investors demand for buying long-dated bonds instead of rolling over bills. A San Francisco Fed model estimates that the term premium on the 10-year Treasury bond has risen around 100 basis points since July. Reuters Image Acquire Licensing RightsAnalysts at Morgan Stanley reckon the term premium and debt sustainability worries could prompt a rethink of the bill-coupon supply balance. Bill supply around these levels would be well down on net issuance of just over $1.6 trillion in fiscal year 2023. Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsIn an ideal world, Treasury would not choose to rely on such short-term funding needs.

Persons: Kevin Lamarque, Morgan Stanley, Bill, Committee's, Jamie McGeever, Marguerita Choy Organizations: Department of, U.S . Treasury, REUTERS, Rights, U.S, Treasury, San, San Francisco Fed, New York Fed, Bank of America, TD Securities, Bills, Reuters, Securities, Thomson Locations: Washington , U.S, Rights ORLANDO , Florida, San Francisco

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. This is the backdrop to Friday's open in Asia, where Japanese economic data, bonds, and currency will again be under intense scrutiny ahead of next week's Bank of Japan policy meeting. The main data release in Asia on Friday will be consumer price inflation in Tokyo for September. In China, meanwhile, industrial sector profit figures for the first nine months of the year are on the docket Friday.

Persons: Issei Kato, Jamie McGeever, JP Morgan, Fumio Kishida, Marguerita Choy Organizations: Bank of Japan, REUTERS, Nasdaq, week's Bank of Japan, Reuters, Barclays, UBS, Japanese, China's, Thomson Locations: Tokyo, Japan, Asia, China, YTD, Australia

☆ Soaring Treasury yields threaten long-term performance of US stocks
▼ + stars: | 2023-10-26 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

This year’s climb in Treasury yields is changing that calculus, as government bonds offer income that is viewed as risk-free to investors who hold them to term. The 10-year Treasury yield has climbed about a full percentage point since then. The term premium is the added compensation investors expect for owning longer-term debt and is measured using financial models. Stocks have averaged a forward price-to-earnings ratio of 17.8 over the last 10 years, while the term premium has averaged -0.3%. That compares with a historical average forward P/E of 15.6 and a term premium of 1.4% since 1985.

Persons: Brendan McDermid, ”, Quincy Krosby, Elon Musk, John Lynch, Lynch, LSEG, Matthew Miskin, Keith Lerner, ” Lerner, Lewis Krauskopf, Dan Burns, Ira Iosebashvili, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Soaring U.S, Treasury, U.S . Federal Reserve, . Treasury, BofA Global Research, LPL, Comerica Wealth Management, Reuters Graphics, John Hancock Investment Management, UBS Global Wealth Management, Advisory, Thomson Locations: New York City, U.S

☆ Hawaii Bribery Scandal Casts a Shadow Over Lahaina’s Ruins
▼ + stars: | 2023-10-25 | by ( Blaze Lovell | ) www.nytimes.com time to read: +1 min

After a major contracting scandal broke out in Hawaii last year, the mayor of Maui County appeared on television to express outrage and announce a sweeping audit of contracts awarded to a corrupt businessman. But no one told the county auditor, who said he only heard about the audit on the news. In the end, the audit was never completed, and the county’s flawed system for awarding contracts — a system marred by bribery and a lack of competition — remains largely the way it was. Now, as Maui recovers from the devastating wildfires that swept across parts of the island in August and killed at least 99 people, millions of dollars will be spent on rebuilding critical infrastructure using the same flawed contract-monitoring system. The bribery case involving the businessman, Milton Choy, prompted some county officials to begin phasing out the use of sole-source contracts — which are awarded without competitive bidding when officials determine that only one vendor is able to supply a particular good or service — but the practice is still in use in the county.

Persons: Milton Choy Locations: Hawaii, Maui County, Maui

A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. Gasoline stocks (USOILG=ECI) rose by about 160,000 barrels in the week to 223.5 million barrels, the EIA said, compared with expectations for a 900,000-barrel drop. "It will reverse the gasoline crack," Yawger said, referring to the profit oil refiners can make producing gasoline from crude. U.S. crude futures last traded at just over $83 per barrel, while Brent crude futures was around $87.50 a barrel. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) rose by 213,000 barrels in the last week, EIA said.

Persons: Bing Guan, Bob Yawger, Yawger, Stephanie Kelly, Laura Sanicola, Marguerita Choy Organizations: REUTERS, Energy Information Administration, EIA, Mizuho, Brent, Cushing, Net, Thomson Locations: West, Iraan , Texas, U.S, Oklahoma

The opposition and the primary's winner Maria Corina Machado have insisted repeatedly it was transparent and fair. The U.S. State Department is aware of the accusations and called for an investigation, a spokesperson said, adding the primary was "an important milestone" for Venezuela. The investigation, requested by lawmaker Jose Brito, will center on accusations of electoral violations, financial crimes and conspiracy, Saab said during a press conference. The electoral violations stem from the primary being organized without the National Electoral Council, Saab said. Voter rolls for the primary included 2 million people who neither registered nor participated, Saab said, and financing for the primary has not been made public.

Persons: Tarek Saab, Maria Corina Machado, Machado, Nicolas Maduro's, Nicolas Maduro, Jose Brito, Saab, Jesus Maria Casal, Mildred Camero, Roberto Abdul, Hadi, Vivian Sequera, Mayela Armas, Julia Symmes Cobb, Natalia Siniawski, Oliver Griffin, Helen Popper, Marguerita Choy, Rod Nickel Organizations: Venezuela's, Washington, U.S . State Department, Electoral Council, Saab, Voters, Thomson Locations: CARACAS, Washington, Maduro, Barbados, U.S, Venezuela, Sumate

☆ Analysis: Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
▼ + stars: | 2023-10-24 | by ( David French | ) www.reuters.com time to read: +5 min

Since our shareholders are getting Chevron stock, we get to participate in the upside, and also get a higher dividend," he said. He added that Hess shareholders who keep their shares in their combined company will see their dividend rise from $1.75 to $6 per share following the close of the deal. Exxon and Chevron are keen on these deals because they want to avoid the risk of exploring unproven reserves as oil and gas become scarcer. Exxon and Chevron had $29.5 billion and $9.3 billion in cash, respectively, as of the end of June. Keeping dividends and share buybacks strong helps compensate existing Exxon and Chevron shareholders for the dilution incurred in the all-stock acquisitions.

Persons: Hess, John Hess, Andrew Dittmar, David French, Greg Roumeliotis, Marguerita Choy Organizations: Exxon Mobil, Chevron, Exxon, Natural Resources, PDC Energy, Noble Energy, Morningstar, Anadarko, Occidental Petroleum, Thomson Locations: Ukraine, U.S, Guyana, New York

☆ Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
▼ + stars: | 2023-10-24 | by ( David French | ) www.reuters.com time to read: +5 min

WASHINGTON, Oct 24 (Reuters) - U.S. regulators will begin grading banks on which communities and geographies they service via online lending under tougher new rules modernizing fair lending standards to be finalized on Tuesday. The changes to 1977 Community Reinvestment Act (CRA) regulations draw a line under a contentious multiyear effort that was delayed amid fierce lobbying by community groups and lenders, as well as by a change of presidential administrations. Conceived to prevent red lining, CRA regulations are central to banks' overall supervisory performance. Historically, CRA grades focused on how well banks serviced low-income communities where banks have branches. Banks on Tuesday said they supported fair lending but flagged concerns with the final rule.

Persons: Michael Barr, Michelle Bowman, Banks, Randy Benjenk, Lindsey Johnson, Pete Schroeder, Andrea Ricci, Michelle Price, Marguerita Choy Organizations: Federal, Fed, Federal Deposit Insurance Corporation, Office, Covington, Consumer Bankers Association, Thomson Locations: U.S, Burling

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