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☆ Western Alliance's stock surges as results allay deposit fears
▼ + stars: | 2023-04-19 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

"We are seeing positive news from a regional bank that was in the crosshairs of the whole crisis. Western Alliance's results soothed concerns about the stability of regional banks following worst U.S. banking crisis since 2008. The rally in Western Alliance following its report stands out among several regional banks that have posted their quarterly results this week. Citizens Financial Group Inc (CFG.N) was trading near flat after reporting a quarterly profit early on Wednesday that missed Wall Street's estimates. Western Alliance's stock remains down over 40% from early March, before Silicon Valley Bank's implosion.

Major equity indexes have been largely stable during the early stages of a first-quarter earnings season that investors expect to show tepid results. The defensive utilities group (.SPLRCU) gained most among S&P 500 sectors, rising 0.7%. S&P 500 companies overall are expected to post a 4.8% decline in first-quarter earnings from the year-earlier period, according to Refinitiv IBES. Shares of Western Alliance Bancorp (WAL.N) surged 23% after the company posted stronger-than-expected earnings, helping lift the SPDR S&P Regional Banking ETF (KRE.P) 4%. The S&P 500 posted 15 new 52-week highs and one new low; the Nasdaq Composite recorded 48 new highs and 111 new lows.

☆ GameStop's surprise profit triggers short squeeze, meme stocks rally
▼ + stars: | 2023-03-22 | by ( Medha Singh | ) www.reuters.com time to read: +3 min

AMC and GameStop were at the heart of a meme-stock frenzy in 2021 driven by small investors coordinating on social media. Among other highly shorted meme stocks, Koss Corp (KOSS.O) climbed 9.5%, Bed Bath & Beyond (BBBY.O) reversed course to slip 1.3%, while the Roundhill MEME ETF (MEME.P) rose 4.2%. "Luckily, this go around is not due to meme investors, but an actual tangible fundamental event," said David Wagner, portfolio manager at Aptus Capital Advisors. SOURING SHORT BETSWhen there is a rush of demand from short sellers looking to exit their bearish bets amid a rise in a stock's price, it pushes prices even higher, resulting in a short squeeze. Another favorite among retail investors - Carvana Co (CVNA.N) - jumped 22% after the used-car retailer said it expects a smaller core loss in the current quarter.

☆ Credit Suisse plunge sends traders flocking to its U.S-listed options
▼ + stars: | 2023-03-15 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

That made Credit Suisse the fourth most heavily traded single-stock name in the U.S. options market on Wednesday. The surge in trading followed a near 31% tumble in Credit Suisse shares on Wednesday after Saudi National Bank (SNB) (1180.SE), which holds 9.88% of Credit Suisse (CSGN.S), said it would not buy more shares on regulatory grounds. Trading in Credit Suisse puts outnumbered that in its call options 1.7-to-1. "There's a lot of moving parts in the Credit Suisse trade right now with respect to a major credit event, European bank contagion, and the possibility of ECB intervention," said Steven Place, an independent options trader in Destin, Florida. For SPDR S&P regional banking ETF (KRE.P), the options trading action was a mix of investors taking profits on existing hedges while putting on new defensive positions, Susquehanna's Murphy said.

☆ US options traders bet on near-term recovery as bank stocks rebound
▼ + stars: | 2023-03-14 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

Options traders were buying up short-term call options on a variety of names, including the SPDR S&P regional banking ETF (KRE.P) and regional banks such as First Republic Bank (FRC.N) and Western Alliance Bancorp (WAL.N). "It's early days here but … there is some stability returning in bank share price action," said Michael Purves, chief executive of Tallbacken Capital. "Risk-on appears to be the flavor for regional banks today," said Ophir Gottlieb, chief executive of Los Angeles-based Capital Market Laboratories. Bullish speculation was particularly heavy in options expiring in less than a week, while longer-dated options saw less interest, he said. With some calm returning on Tuesday, options traders' also dialed back expectations for more near-term fireworks from the sector.

☆ SVB debacle sparks rush to defensive options on fears of contagion
▼ + stars: | 2023-03-10 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

A California regulator shut Silicon Valley Bank on Friday and appointed the Federal Deposit Insurance Corporation as receiver, according to the agency's statement. With many stocks in the sector falling sharply on Friday, traders rushed in to defensive bets. SVB is battling cash burn due to declining deposits from startups struggling with a venture capital funding drought. While investors had largely shrugged off Silvergate’s troubles as strictly crypto-related, "(SVB Financial Group) was a giant wake-up call about the effects of rising rates and an inverted yield curve," Sosnick said. Reporting by Saqib Iqbal Ahmed in New York Editing by Ira Iosebashvili and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Bond blows batter banks as SVB cracks
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +5 min

SVB may be an unusual case in point - given its exposure to both last year's attrition in the tech sector, related startups and bond markets. Major U.S. banks were also hit, with Wells Fargo (WFC.N) down 6%, JPMorgan (JPM.N) down 5.4%, Bank of America (BAC.N) 6% lower and Citigroup (C.N) 4% lower. In currency markets, the dollar held the line on Friday in its lonely easy monetary policy stance. The BOJ held off making changes to its controversial bond yield cap policy, leaving all options open ahead of a leadership transition in April. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Banks tumble as SVB ignites broader fears about the sector
▼ + stars: | 2023-03-09 | by ( Sinéad Carew | ) www.reuters.com time to read: +2 min

The SPDR S&P regional banking ETF (KRE.P) was down 6.0% after hitting its lowest point since January 2021. "The Silicon Valley raise got everybody nervous about people's capital levels and what deposits are doing. "It just gets people freaked out because Silicon Valley, historically has been a very strong, well-run bank. If they're having issues right now, people are wondering what about other banks that are lesser quality and that don't have the reputation that Silicon Valley Bank has." Investors were also grappling with the decline of cryptocurrency-focused lender Silvergate Capital (SI.N), which said earlier this month it was evaluating its ability to operate as a going concern.

[1/5] The logo of Nord Stream AG is seen at an office building in the town of Vyborg, Leningrad Region, Russia August 22, 2022. Nord Stream 1 and Nord Stream 2, each consisting of two pipes, were built by Russia's state-controlled Gazprom to pump 110 billion cubic metres (bcm) of natural gas a year to Germany under the Baltic Sea. Three of the pipes were ruptured by unexplained blasts in September, and one of the Nord Stream 2 pipes remains intact. Engie (ENGIE.PA), Gasunie (GSUNI.UL) and Wintershall DEA (WINT.UL) (BASFn.DE) - stakeholders in Nord Stream AG, the operator of Nord Stream 1 - declined to comment. The similar-sized Nord Stream 2 had been completed in September 2021 as tensions with Russia were growing and ran in trouble as Germany's regulators refused to certify it.

☆ Ark's Wood remains bullish on Tesla, says oil stock rally 'defying logic'
▼ + stars: | 2023-01-19 | by ( David Randall | ) www.reuters.com time to read: +1 min

NEW YORK, Jan 19 (Reuters) - Star stock picker Cathie Wood of Ark Invest suggested the rally in energy stocks will soon end and reiterated her bullish view on electric vehicle maker Tesla Inc (TSLA.O) in a webinar on Thursday. Yet the rally energy stocks over the last six months despite the roughly 30% decline in the price of oil suggests that the market is now over-valuing value stocks, she said. Tesla, meanwhile, will continue to take market share as global oil demand falls by 30% or more over the next five years, Wood estimated. Wood's ARK Innovation fund fell 3.2% on Thursday while the benchmark S&P 500 fell nearly 0.8%. The fund fell nearly 67% in 2022, leaving it among the worst performing U.S. equity funds tracked by Morningstar.

☆ Bed Bath & Beyond brings meme stocks back in vogue to start 2023
▼ + stars: | 2023-01-13 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

Bed Bath & Beyond Inc is in talks with potential lenders and the discussions are also exploring potential takeover bids, Bloomberg reported on Thursday. The U.S. consumer price inflation report on Thursday bolstered growing belief that inflation has peaked, helping revive the rally in highly-shorted meme stocks after rising interest rates dimmed the appeal for speculative trading last year. "The rally in risk assets has carried meme stocks in its wake," said Jason Benowitz, senior portfolio manager at CI Roosevelt, adding that a sharp slide in stocks in the final month of 2022 and strong seasonality for January are also at play. Bed Bath & Beyond shares eased about 5% in pre-market trading on Friday. Bed Bath & Beyond market value over the past 12 monthsReporting by Medha Singh in Bengaluru; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Fact Check-Election Day turnout numbers do not account for Arizona early voting
▼ + stars: | 2022-11-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

Data showing low Democratic turnout on Election Day does not account for early mail-in and ballot drop-off votes. One of the Uplift charts, titled “Maricopa County E-Day Check Ins,” shows 16.6% Democrat, 30.7% Other, and 52.7% Republican check ins at Election Day in Maricopa County. These included 250,000 (16%) in-person votes on Election Day, 290,000 (19%) early ballot drop-offs on Election Day and 1.02 million (65%) early ballots before Election Day. “The short answer to why this is incorrect is the data is from primary election day 8/2/2022,” Almy said. “Voters in the primary have no relevance to the general election.”Megan Gilbertson, communications director for Maricopa County, said “Maricopa County has not asserted either of the claims stated that article.”VERDICTMissing context.

Register now for FREE unlimited access to Reuters.com RegisterEven before leaks were found, supplies via Nord Stream 1 had been halted as a result of a dispute over Western sanctions on Russia, while the newly-built Nord Stream 2 pipeline had not started commercial deliveries. An E.ON spokesperson said Nord Stream 1's operating company was responsible for operational issues, including insurance. "Nord Stream AG remains in close contact with relevant authorities about the recent incident. U.S. President Joe Biden has said damage to Nord Stream was a deliberate act of sabotage. If there was any Russian involvement it could also mean the Nord Stream 1 damage being designated as an act of war, something that is typically excluded by insurance policies.

☆ Gen Z spending on the rise, survey finds. Here's how teens are spending their money – and which brands, products, and e-commerce sites they prefer.
▼ + stars: | 2022-10-12 | by ( Áine Cain | ) www.businessinsider.com time to read: +3 min

Piper Sandler released its "Taking Stock with Teens" survey for the fall of 2022. Piper Sandler's teen spending survey project first kicked off in 2001, and has amassed over 56.5 million data points across the years. The survey discovered that "self-reported" spending for teens jumped 3% over year, although it dropped 2% from spring 2022. Females 'led the increase in teen spending.' Piper Sandler found that teen spending is up 3% year-over-year Courtesy of Piper SandlerFemale teens reported a year-over-year spending increase of 10%.

☆ Fact Check-Study on Greenland warming does not contradict human-driven climate change
▼ + stars: | 2022-10-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +7 min

Rather, the study focused on a natural Pacific Ocean weather anomaly and its role in a recent slowdown of Greenland warming. The study’s finding that the slowdown in Greenland warming was driven largely by CP ENSO events doesn’t dispute anthropogenic climate change, Matsumura said. In fact, CP ENSO events have been projected to increase under global warming, Matsumura added, and a frequent occurrence of La Niña would likely accelerate Greenland warming (here), (here). Reuters Fact Check has previously addressed claims that short-term trends in Arctic ice cover undermine the idea that human-driven climate warming is a threat (here). A study by researchers in Japan that explains cooler Greenland summers with less ice melt over the past decade does not undermine the notion of human-driven climate change.

☆ 2 companies were fined $325,000 after the EPA said they falsely marketed a pesticide as a weapon against COVID-19
▼ + stars: | 2022-09-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Zoono USA and Zoono Holdings were collectively fined $325,000. The EPA has reached settlements with the two companies: Zoono USA will pay a $205,000 civil penalty and Zoono Holdings will pay $120,000. Zoono USA and Zoono Holdings are owned by the New Zealand company Zoono Group. "Zoono Holdings takes regulatory responsibilities very seriously and as soon as Zoono Holdings received notification from the E.P.A. Zoono Group, Zoono USA, and United Airlines didn't immediately respond to Insider's requests for comment.

☆ Wildfires Are Intensifying. Here’s How to Protect Your Health.
▼ + stars: | 2022-08-01 | by ( Molly Peterson | ) www.nytimes.com time to read: +9 min

Wildfire smoke is “like tobacco smoke without the nicotine,” one expert said. Here are some of the most common questions about the health risks of wildfire smoke, and how to guard against them. PurpleAir can also offer a more local picture of air quality, as can other products and apps, like IQAir and BreezoMeter. Show moreAdvertisement Continue reading the main storyWhat else can I do to limit smoke pollution inside my home? But making sure you’re prepared for the hazards of wildfire smoke before a fire occurs can help, Dr. Cooper said.

Persons: ”, Mary Prunicki, Sean, John Balmes, Christian Monterrosa, Keith Bein, Davis, you’re, Prunicki, That’s, Balmes, Robin Cooper, Dr, Cooper Organizations: Getty, Parker Center for Allergy, Asthma Research, Stanford University, University of California, The New York Times, Air Quality Research, Environmental Protection Agency, Centers for Disease Control, American Lung Association Locations: campfires, Butte County, Calif, San Francisco, California, Bay

☆ Factbox: Nord Stream's role in Russia's gas supply to Europe
▼ + stars: | 2022-07-18 | by ( ) www.reuters.com time to read: +3 min

The logo of Nord Stream AG is seen at an office building in the town of Vyborg, Leningrad Region, Russia August 22, 2022. Below are further details of the importance of the pipeline in carrying Russian gas to Europe. In Germany, the gas is received by the connecting pipelines OPAL (Baltic Sea Pipeline Link) and NEL (North European Gas Pipeline), which link into the European grid. OWNERSThe pipeline is majority-owned by Gazprom (GAZP.MM) and forms the main route through which Russian gas flows to Germany. OPERATORSThe Switzerland-based Nord Stream AG consortium is the operating company for transit, technical, legal and environmental matters, but does not own the asset or the gas in it.

☆ Lukas Podolski a semnat cu formația poloneză Gornik Zabrze
▼ + stars: | 2021-07-06 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Lukas Podolski, campion mondial cu naționala Germaniei, nu are de gând să agațe ghetele în cui. Atacantul a decis să joace și în țara sa de origine pe final de carieră. Ajuns la 36 de ani, Podolski s-a transferat la Górnik Zabrze din prima ligă a Poloniei.Astfel, el va evolua în al șaselea campionat din carieră. Podolski a mai fost legitimat și la gruparea japoneză Vissel Kobe.Fiu al unui celebru fotbalist polonez, Podolski a emigrat de mic cu familia în Germania. Atacantul brazilian a semnat pentru o perioadă de cinci ani.Jucătorul a venit la clubul madrilen liber de contract, după încheierea angajamentului său cu Fluminense.

Persons: Lukas Podolski, Podolski, Marcos Paulo Organizations: Bayern, A, Inter Milano, Premier League, Arsenal Londra, Galatasaray, Atletico Madrid Locations: Germaniei, Zabrze, Bundesliga, Bayern Munchen, Koln, Turcia, Antalyaspor, polonez, Germania, Poloniei, Europa

☆ RAPORT: Viaţa pe Terra va fi inevitabil transformată de schimbările climatice în următorii 30 de ani
▼ + stars: | 2021-06-23 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +7 min

"Ce e mai rău urmează să vină, cu implicaţii asupra vieţii copiilor şi nepoţilor noştri, mult mai mari decât asupra noastră", scrie GIEC.Clima s-a schimbat deja. Chiar şi la o creştere cu 0,5 grade Celsius, alte 420 de milioane de persoane vor fi expuse riscurilor din cauza valurilor de căldură extreme. "Costurile de adaptare pentru Africa ar urma să crească cu zeci de miliarde de dolari anual la o creştere peste 2 grade Celsius", potrivit documentului.Experţii subliniază, de asemenea, pericolul efectelor în cascadă. Omenirea îşi poate încă orienta destinul către un viitor mai bun, luând măsuri ferme în prezent pentru a încetini schimbările galopante din a doua jumătate a secolului. "Avem nevoie de o transformare radicală a proceselor şi a comportamentelor la toate nivelurile: indivizi, comunităţi, companii, instituţii şi guvern".

Persons: ., Nicholas Stern Organizations: ONU Locations: Paris, Arctica, migraţii, Africa, Braziliei, Asia de Sud - Est, China, Groenlanda

☆ "Acționez în numele legii": Un avocat din Capitală a spart parbrizele a trei automobile
▼ + stars: | 2021-06-20 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Un avocat din Capitală a spart parbrizele a trei automobile şi a dat dovadă de un comportament neadecvat. Bărbatul a declarat că acţionează în numele legii în timp ce deteriora maşinile. "În numele legii a Republicii Moldova. În numele legii a RM extrema necesitate te absolvă de răspundere penală. Buclucaşul a sărit la bătaie.Potrivit ofițerului de presă al Poliției Capitalei, Natalia Stati, bărbatul a fost reţinut pentru 72 de ore, pe numele lui fiindinițiată o cauza penală pentru huliganism.

Persons: Buclucaşul, Natalia Stati Locations: Capitală, Republicii Moldova, Capitalei

☆ Deontay Wilder și Tyson Fury, într-o conferință de presă neobişnuită înainte de a treia confruntare directă
▼ + stars: | 2021-06-16 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

"A venit timpul să-i tai capul. Pe 24 iulie, va fi vărsare de sânge. "Fury a fost mai vorbăreț și a prefațat meciul de box de pe 24 iulie, în care va fi pusă la bătaie centura WBC în categoria grea, deținută de pugilistul britanic. "Ce voi face cu Deontay Wilder de această dată? "Confruntare de pe 24 iulie va avea loc în orașul Las Vegas.Fury și Wilder s-au întâlnit pentru prima dată în decembrie 2018, iar acel meci s-a încheiat cu o remiză.

Persons: Deontay Wilder, Tyson, Wilder, Anthony Joshua, americanul Locations: american, Statele Unite, Las Vegas.Fury

☆ FOTO: Evenimentul de comemorare a 80 de ani de la primul val de deportări: Consecințele acelei epurări le simțim și astăzi
▼ + stars: | 2021-06-13 | by ( ) www.jurnal.md time to read: +3 min

Sursa foto: Jurnal.md/Nadejda RoșcovanuFOTO: Evenimentul de comemorare a 80 de ani de la primul val de deportări: Consecințele acelei epurări le simțim și astăziLa Chișinău, în scuarul Gării, la monumentul victimelor deportărilor staliniste, are loc un eveniment de comemorare a victimelor deportărilor din noaptea de 12 spre 13 iunie 1941. Consecințele acestei epurări le simțim și astăzi. Aceste consecințe le simt în fiecare zi membrii familiilor celor deportați și supraviețuitorii. „Atunci Basarabia a fost decapitată. Acest val de deportări a fost cel mai sângeros, deoarece tații noștri au fost coborâți din vagoane, fiind despărțit de noi în aceeași zi”, a mai spus Valentina Sturza.

Persons: Nadejda, Maia Sandu, Aureliu Ciocoi, Președintele, Le, Valentina Sturza, Nadejda Roșcovanu Locations: Chișinău, RM, Ciuciuleni, Hâncești, Basarabia, Siberia

☆ DETALII NOI în dosarul afacerii ilegale cu sânge și teste expirate în care este implicată Svetlana Cebotari şi alţi funcţionari
▼ + stars: | 2021-06-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +4 min

Noi detalii în dosarul afacerii ilegale cu sânge și teste expirate, în care este implicat directorul Centrului Național de Transfuzie a Sângelui, Svetlana Cebotari, şi alţi funcţionari. Însă, Cebotari a refuzat să plătească şi să semneze actele de primire a lotului. În consecință, agentul economic a acţionat instituţia în judecată. Mai mult, Cebotari a pretins în instanţă că distribuitorul i-ar fi livrat totuşi teste, doar că acestea erau cu termenul expirat. Oamenii legii au publicat interceptările discuţiilor dintre Svetlana Cebotari și mai mulţi subalternii la acest subiect.

Persons: Svetlana Cebotari, Cebotari, Bălți ., Aha, ., . . Organizations: Interne, Agenția, Publice Locations: Procuratura Anticorupție, Bălți, Chișinău

☆ Horoscop 12 mai 2021: Rac, aveţi nevoie de o pauză şi să acordaţi mai mult timp vieţii personale
▼ + stars: | 2021-05-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

E nevoie de comunicare deschisă şi compromisuri pentru a trece peste acest impas.GEMENIS-ar putea să observaţi o schimbare în atitudinea partenerului. Nu încercaţi să obţineţi un răspuns prin insistenţă, deoarece ar putea duce la un conflict.RACAstăzi problemele de sănătate vă indispun. Aveţi nevoie de o pauză şi să acordaţi mai mult timp vieţii personale.LEUNu este o perioadă bună pentru a schimba locul de muncă, însa aveţi posibilitatea să începeţi un nou proiect care ar putea să vă inspire.FECIOARĂAstăzi aveţi parte de o zi productivă. Ţineţi cont de orice ocazie pentru a face schimbarea la care visaţi.SĂGETĂTORVeţi avea parte de o zi foarte bună şi la locul de muncă şi acasă. Dacă vă doriţi ceva, acţionaţi din timp şi în mod perseverent.VĂRSĂTORVă aflaţi într-o perioadă cu multă energie şi vitalitate, care nu putea fi decât benefică pentru voi.

Persons: Analizaţi Locations: personale.LEUNu, relaţie

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