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☆ 'The most taboo topic I've ever seen': Inside Microsoft's war over the war in Gaza
▼ + stars: | 2023-11-28 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +16 min

Viva Engage, Microsoft's slick message board designed to compete with Slack, is often touted as "Facebook for work." In October, according to internal messages viewed by BI, a Microsoft employee shared a post praising child tax credits as a way to reduce poverty. Employees with pro-Palestinian views have also used inflammatory language in their posts on Viva Engage. It has cut off the comments to Viva Engage posts it considered too incendiary. "It's important to recognize the pain and suffering of so many people, including our colleagues, as the events in Israel, Gaza, and the surrounding region continue to unfold," Nadella wrote.

Persons: Slack, —, Sandy Hook, chimed, George Floyd, Satya Nadella, Roe, Wade, Kathleen Hogan, Israel, Nadella, Benjamin Netanyahu, Charlie Bell, Scott Guthrie, Rajesh Jha, Microsoft's, Cherry, Davis Polk, Israel's, Ashley Stewart Organizations: Viva Engage, Facebook, Microsoft, Business, Engage, BI, Employees, Israel, Israel Defense Forces, Harvard, Hamas, Wardwell, Ivy League, New York Times, Apple, Amazon Web Services Locations: Israel, Gaza, Uvalde, Columbia, Silicon Valley, America, Haifa, Herzliya , Tel Aviv, Nazareth, Palestine, Gaza . Harvard, Tel Aviv, Seattle

☆ Russian election hopeful wants to end Ukraine war
▼ + stars: | 2023-11-27 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsRussian election hopeful wants to end Ukraine warPostedYekaterina Duntsova, who wants to run for president, told Reuters the Kremlin should end the conflict in Ukraine, free political prisoners and undertake major reform to halt the slide towards a new era of "barbed wire" division between Russia and the West. Sean Hogan has more.

Persons: Duntsova, Sean Hogan Organizations: Reuters Locations: Ukraine, Russia

These deals help banks meet capital requirements more efficiently, allowing them to keep lucrative businesses that would otherwise become unprofitable. Investors in these deals include lightly-regulated entities like hedge funds, shifting risk to the shadow banking sector. Credit risk transfer is another tool for them to pursue after the Fed’s clarification on what is allowed, said Cory Wishengrad, head of fixed income at Guggenheim Securities. That means Merchants sold the riskiest tranche of the loan portfolio, maximizing the capital relief it could get on it. Whether U.S. regulators will allow such insurance deals to qualify for capital relief is still untested, Staudinger said.

Persons: Morgan Stanley, Blackstone, Jill Cetina, Jon, Claude Zucconi, Zucconi, Michael Barr, Barr, Banks, Missy Dolski, Sam Graziano, Graziano, Cory Wishengrad, Jed Miller, Taft, Morgan Stanley's, Morgan, Deborah Staudinger, Hogan Lovells, Staudinger, Shankar Ramakrishnan, Paritosh Bansal, Nick Zieminski Organizations: Blackstone Group, JPMorgan Chase, Merchants Bank of Indiana, US Bancorp, Investors, JPMorgan, Merchants Bank, Federal Reserve, Varde Partners, Financial, Guggenheim Securities, U.S . Bank, Fed, Reuters, Merchants, Thomson Locations: U.S, Wickersham, Europe, Indiana

☆ Lessons on loneliness from people living life on the road
▼ + stars: | 2023-11-27 | by ( Monica Humphries | ) www.businessinsider.com time to read: +15 min

Monica Humphries/InsiderPeople living life on the road know what it's like to be isolated. In a country facing a loneliness epidemic, there are lessons to learn from nomads like Schaffer living on the road. Van Life CampgroundsParinger realized he was missing a sense of community after a couple of years of living in a van. In 2019, he bought land in Joshua Tree, California, which became the first location for Van Life Campgrounds. Others living on the road agreed that their online community has been a huge support in tackling loneliness.

Persons: they've, —, Maddy Garrett's, Ford Transit —, Tracey Tischler, van, Monica Humphries, it's, Christian Schaffer, Schaffer, Joshua, Shahira, Navod McNeil, Instagram McNeil, couldn't, Aidan Paringer's, Paringer, Ellaboudy, Phyllis Grover, Grover, Casey Hogan, Instagram Casey Hogan, Zach Nelson, he's, It's, Aidan Paringer, Garrett, Maddy Garrett, @whoa_maddy_actually_, ProMaster, Fernald, Sierra Fernald, Brittany Newson, Instagram Newson, haven't, Tischler, Nelson, Newson, FaceTimes Organizations: Business, Service, Subaru, Ford Transit, Ford, van, Benz, Facebook, Fire, YouTube Locations: Colorado and Utah, Texas, New Mexico, Utah, Joshua Tree , California, Dallas, Van, Mexico , Oregon, Washington, Nevada, I'm, Fernald, Zion, Instagram, California

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. However, minutes from the latest Fed meeting on Tuesday showing policymakers' cautious approach towards monetary policy weighed on optimism around the prospects of a rate cut early next year. The three headwinds were higher energy prices, higher Treasury yields and a stronger dollar and for the last three weeks, all of those headwinds now become tailwinds," said Hogan. Advancing issues outnumbered decliners by a 2.31-to-1 ratio on the NYSE and by a 2.24-to-1 ratio on the Nasdaq. The S&P index recorded 34 new 52-week highs and one new low, while the Nasdaq recorded 54 new highs and 40 new lows.

Persons: Brendan McDermid, Art Hogan, Hogan, Sam Altman, Caterpillar, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Deere, Co, Dow, Nasdaq, Federal Reserve, Data, Riley, Traders, Nvidia, Wall, U.S, Investors, OpenAI, Microsoft, Dow Jones, Deere & Co, NYSE, Thomson Locations: New York City, U.S, China

☆ Biden, Trump unpopularity buoys third party hopes for 2024 US election
▼ + stars: | 2023-11-17 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +7 min

[1/3] Former U.S. President and Republican presidential candidate Donald Trump attends a 2024 presidential election campaign event in Summerville, South Carolina, U.S. September 25, 2023. No third-party candidate has won a modern U.S. presidential election, although they have at times played outsized roles as spoilers by taking votes from major party candidates. Tony Lyons, cofounder of American Values 2024 told Reuters Kennedy shouldn't be considered a danger to just Biden or just Trump. Trump campaign spokesperson Steven Cheung said: "Polls show President Trump absolutely crushing Joe Biden even with other candidates present, both nationally and in battleground states." 'PEOPLE WANT BETTER CHOICES'While cash is flowing to third party options, Biden and Trump are raising even more.

Persons: Donald Trump, Sam Wolfe, Republican Donald Trump, Democrat Joe Biden, Trump, Ross Perot, Democrat Bill Clinton, George H.W, George H.W . Bush, Ralph Nader, Al Gore, George W, Bush, Robert F, Kennedy Jr, Kennedy, Barack Obama, Bernie Sanders, Larry Sharpe, Joe Biden, Matt Bennett, Tony Lyons, Reuters Kennedy shouldn't, Biden, Lyons, Steven Cheung, We've, Ryan Clancy, Larry Hogan of, Joe Manchin, Manchin, Clancy, Cornel West, Jill Stein, Stein, ProPublica, Joe Lieberman's, Lieberman, Jarrett Renshaw, Heather Timmons, Deepa Babington Organizations: U.S, Republican, REUTERS, Democrat, Biden, Democratic, Gallup, Trump, RFK, New York, Republicans, Reuters, Democrats, Republican Gov, Wednesday, NBC, White, Thomson Locations: Summerville , South Carolina, U.S, Trump, Gaza, George H.W ., Florida, Manhattan, Arizona , Nevada, North Carolina, Larry Hogan of Maryland, West Virginia

☆ As Earth’s temperature rises, so do deaths among people with mental health problems
▼ + stars: | 2023-11-17 | by ( Patrick Hogan | Kristen Rogers | ) edition.cnn.com time to read: +9 min

But there’s another group for whom the climate crisis is a potentially lethal threat — people with mental health problems such as schizophrenia, bipolar disorder or anxiety. People with certain mental health problems are more at risk for experiencing the dangers of the climate crisis, experts say. Lifestyle habits important for managing mental health symptoms can also take a hit. Warm temperatures can also interfere with sleep, an important factor for managing mental health symptoms, experts said. And climate disasters are certainly a stress.”Homelessness is also high among people with mental health conditions, especially in the schizophrenic population.

Persons: ”, Robert Feder, —, Peter Crank, Joshua Wortzel, Feder, ” Feder, Wortzel, “, ” It’s, What’s, ” Wortzel, you’re Organizations: CNN, Psychiatric, Medical Society, Health, “, University of Waterloo, Bradley Hospital, Brown University Locations: British Columbia, New Hampshire, Canada, Rhode Island

☆ Inside Goldman Sachs' exclusive training program for HBCU students that can result in $1 million in prize money and a prestigious job
▼ + stars: | 2023-11-08 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +11 min

Goldman Sachs has done this program each year since. How does the program work? All finalist teams on stage at the 2023 competition at Goldman Sachs' headquarters. "Something that we look for in all candidates at Goldman Sachs: What is your innovative and creative spirit?" Megan Hogan of Goldman Sachs courtesy of Goldman SachsWhat's the formula for success once accepted?

Persons: Taylor Weekes, That's, Weekes, Goldman Sachs, Goldman, —, who's, Zachariah Smith, Megan Hogan, David Solomon, Proctor, Hogan, you've, Smith, hadn't, " Smith, they've, it's Organizations: Howard University, Morehouse College, Alcorn State University Delaware State University Fisk University Florida A, M University Hampton University Howard University Morehouse College Morgan State University North Carolina, T, Prairie View, M University Spelman College Texas Southern University, Goldman, Gamble, L'Oreal, Pepsi, Wall Street, Wall, Black Locations: York, we're

☆ Birkenstock gets Wall Street's top rating on capacity boost, expansion
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Nov 6 (Reuters) - Wall Street brokerages largely initiated Birkenstock (BIRK.N) with their top ratings, pointing to a likely boost from the German luxury sandal maker's recent investments to increase capacity, expansion into newer styles and brand loyalty. Birkenstock's shares dropped to as low as $35.83 in the days after listing on Oct. 11 and has traded below the IPO price of $46 apiece. Citigroup was among the most bullish, with a price target of $52, a more than 26% jump from the last close. Telsey Advisory Group analysts said Birkenstock has further avenue to expand into footwear categories such as orthopedics and professional, outdoor and active, kids, home, and sneakers. Morgan Stanley assigned a price target of $41 and an "equal-weight" rating, saying most catalysts were already priced in.

Persons: Birkenstock's, Morgan, Goldman Sachs, Jefferies, Birkenstock, Bernard Arnault, Lorraine Hutchinson, Morgan Stanley, Hogan, Riley, Reshma Rockie George, Susan Mathew, Savyata Mishra, Amruta Khandekar, Maju Samuel, Sriraj Organizations: Arm Holdings, Citigroup, Telsey Advisory, U.S ., Global, Thomson Locations: U.S, French, Bengaluru

Nairobi, Kenya CNN —When King Charles III touched down for his four-day state visit in Kenya, it seemed inevitable the new monarch would have to grapple with Britain’s legacy of colonialism. But it was also that same year that Mau Mau freedom fighters – originating from the country’s largest ethnic Kikuyu tribe – rebelled against British colonialists. Mau Mau rebels held in a prison camp in Kenya in 1952. The King, accompanied by President William Ruto, receives a guided tour of a new museum dedicated to Kenya's history on Tuesday. The wounds and trauma inflicted during that dark period are still prevalent today, according to Evelyn Wanjugu Kimathi, the daughter of one of the leaders of the Mau Mau uprising, Dedan Kimathi.

Persons: King Charles III, Prince William, Charles, William Ruto, ”, ” King Charles, Queen Camilla, Rachel Ruto, Chris Jackson, ” Charles, It’s, Prince of, Kate Middleton, –, Mau Mau, contrition, Ruto, Ian Vogler, ” Ruto, Evelyn Wanjugu Kimathi, Dedan, Kimathi, “, we’ll, Victoria Jones, King Charles, Buckingham Organizations: CNN’s Royal, Kenya CNN, Caribbean, Kenyan, Kenyans ”, Getty, British, Kenyan Human Rights, Hulton, Uhuru, CNN, Commonwealth Locations: Nairobi, Kenya, Buckingham, Britain, Commonwealth, Prince of Wales, Mau, Stroud, ”, British

☆ CNBC Daily Open: Markets’ bounce may be short-lived
▼ + stars: | 2023-10-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

This 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. But Goldman Sachs' chief equity strategist thinks such negative sentiment gives rise to a "buying opportunity," especially for a certain type of stock that boasts a healthy balance sheet . But not for Tesla Tesla shares sank nearly 5% after Panasonic said it was reducing production of electric batteries because of flagging demand for Tesla's vehicles. The spread in opinions may make the picture ahead murky, but, ironically, it does make one thing clear: markets are increasingly volatile.

Persons: Goldman Sachs, Joe Biden, Tesla, Elon Musk, Europe's, Fundstrat's Tom Lee, Lee, Hogan, Ari Wald, Oppenheimer, Wald, Morgan Stanley, Mike Wilson, Wilson —, — Organizations: New York Stock Exchange, CNBC, Consumers, U.S, Panasonic, Dow, Industrial, Dow Jones Industrial, Nasdaq, Technology, Amazon, Microsoft, Meta, Riley, Federal Reserve, Lower Treasury Locations: New York City, Lower

The ministry said the actual number of dead is likely to be much higher than stated in the report. The Palestinian Authority is run by a rival faction to Hamas, though the umbrella Ministry of Health maintains a relationship with the ministry in Gaza. But international agencies, including the United Nations and the World Health Organization (WHO), report figures provided by the Gaza ministry. The Prime Minister of the Palestinian Authority, Mohammad Shtayyeh, criticized Biden’s remarks, saying his health authority in the West Bank believed the Gaza numbers to be accurate. “I don’t have the numbers of people killed in Gaza Strip,” IDF Lieutenant Colonel Richard Hecht told CNN.

Persons: Joe Biden, Biden, John Kirby, Mohammad Shtayyeh, Biden’s, don’t, ”, Al Jazeera, Michael Ryan, “, Kirby, we’ve, Richard Hecht Organizations: CNN, Wednesday, White, Hamas, Palestinian, West Bank, Palestinian Authority, Health, United Nations, World Health Organization, WHO, Al, Ministry of Health, ”, US State Department, Ahli Arab Hospital Locations: Gaza, Israel, Ramallah, al, Ahli, Gaza City, Israeli

☆ Three-Stock Lunch: McDonald's, Eli Lilly and Airbnb
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: McDonald's, Eli Lilly and AirbnbArt Hogan, Riley Wealth Management chief market strategist, joins ‘Power Lunch’ to discuss three stocks: McDonald's, Eli Lilly and Airbnb.

Persons: Eli Lilly, Art Hogan, Riley, Airbnb Organizations: Riley Wealth Management

☆ Align Technology cuts annual sales forecast, cites macro-economic pressures
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - Align Technology (ALGN.O) lowered its full-year revenue forecast on Wednesday, hurt by weak demand for its clear teeth aligners, sending its shares down 21% in extended trading. The dental company now expects revenue in the range of $3.83 billion to $3.85 billion for 2023, compared with its previous forecast of $3.97 billion to $3.99 billion. Align's lead product segment, which sells a series of custom-made aligners and other consumables used for straightening teeth, reported revenue of $794.9 million, below estimates of $821.9 million. On an adjusted basis, Align earned $2.14 per share for the three months ended Sept. 30, below analysts' average estimate of $2.26 per share, according to LSEG data. Reporting by Pratik Jain in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Hogan, Hogan, Pratik Jain, Anil D'Silva Organizations: Envista Holdings Corp, Swiss, Straumann, Thomson Locations: Bengaluru

☆ Stocks making the biggest moves after hours: Meta, Whirlpool, Mattel, Endeavor and more
▼ + stars: | 2023-10-25 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Meta posted revenue of $34.15 billion and earnings of $4.39 per share. Analysts polled by LSEG called for $33.56 billion in revenue and $3.63 in earnings per share. Align posted $2.14 in adjusted earnings per share and revenue of $960 million, missing estimates from analysts polled by LSEG. Mattel posted $1.08 per share in adjusted earnings, while analysts polled by LSEG called for 86 cents in earnings per share. Whirlpool — The home appliance company dropped 5% after Whirlpool trimmed its earnings guidance for the full year.

Persons: ServiceNow, LSEG, Joe Hogan, Mattel, Ari Emanuel, —, Darla Mercado, Mike Calia Organizations: LSEG, IBM, Revenue, Facebook, Meta, Mattel, Whirlpool, Endeavor Group Holdings, Endeavor, Holdings, WWE, UFC Locations: LSEG

☆ Larry Hogan Withdraws From Harvard Fellowships Over 'Antisemitism' on Campus
▼ + stars: | 2023-10-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Larry Hogan is pulling out of two Harvard University fellowship programs. Hogan said this was in response to "dangerous anti-Semitism" that had "taken root" on its campus. AdvertisementAdvertisementFormer Maryland Governor Larry Hogan is the latest prominent figures to cut ties with Harvard, saying he's withdrawing from the university's fellowship programs over what he claims is "dangerous anti-Semitism" on campus. "I cannot condone the dangerous anti-Semitism that has taken root on your campus, especially by more than 30 Harvard student organizations attempting to justify and celebrate Hamas' terrorism against innocent Israeli and American civilians." Gay, the university's president, has made multiple statements condemning Hamas' violence and has stressed that the student groups don't speak for Harvard or its leadership.

Persons: Larry Hogan, Hogan, —, Claudine Gay, Gay, Hauser, Jacinda Ardern, Israel, Bill Ackman, Idan, Batia Ofer, Les Organizations: Maryland Gov, Harvard University, Service, Harvard, Hamas, University, Harvard's Kennedy School of Politics, Chan, of Public Health, Harvard Kennedy School, Kennedy School, New Zealand, Hauser, Republican, Business, Wexner Foundation, Gay, Palestine Solidarity Committee, PSC Locations: Israel, Maryland

☆ Former Maryland Gov. Larry Hogan withdraws from Harvard fellowships over 'dangerous antisemitism'
▼ + stars: | 2023-10-24 | 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 EmailFormer Maryland Gov. Larry Hogan withdraws from Harvard fellowships over 'dangerous antisemitism'Larry Hogan, former Maryland Governor, joins 'Squawk Box' to discuss the 'dangerous anti-Semitism' taking place on Harvard's campus, how Hogan's response would've differed to what happened at Harvard University, and if the students are taking it too far.

Persons: Larry Hogan Organizations: Former Maryland Gov, Harvard, Maryland Governor, Harvard University Locations: Maryland

☆ Microsoft shut down an internal employee discussion on the Israel-Hamas war
▼ + stars: | 2023-10-23 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

Microsoft shut down a discussion between employees about the Israel-Hamas war, internal messages show. "Amidst the ongoing Palestinian Israeli war, it saddens me to witness a company that so strongly promotes Diversity and Inclusion show such strong discrimination and marginalization," the person wrote. The post does not specifically reference which comments from senior leaders the employee viewed as biased. "We have Palestinian employees globally who are deeply concerned for the safety of their loved ones in the region and stand against these acts of terrorism." Are you a Microsoft employee?

Persons: Kathleen Hogan, Hogan, Innocent, Hamas's Organizations: Microsoft, Viva Engage, Microsoft Employee, Group, Hamas, Nvidia Locations: Israel, Palestinian, Gaza

☆ Save like a boomer: Younger generations have a chance to make high interest rates work for them
▼ + stars: | 2023-10-17 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Interest rates on traditionally "safer" investments like Treasury bonds are high. Economist Thomas Hogan of the American Institute for Economic Research recently pointed out this upside to the interest rates and how it is helping Americans. "Now, interest rates on US Treasury bonds are at the highest in more than a decade, giving savers a safe, stable place to store their money." If long-term interest rates remain elevated because of higher term premiums, there may be less need to raise the fed funds rate. However, to the extent that strength in the economy is behind the increase in long-term interest rates, the FOMC may need to do more."

Persons: —, Thomas Hogan, Hogan, Jerome Powell, Kevin Dietsch, Tim Hayes, Lorie Logan, Logan Organizations: Service, Treasury, American Institute for Economic Research, Federal, NDR, U.S, Supreme, Dallas Locations: Israel

☆ Why Poland's election swing is not so clear cut
▼ + stars: | 2023-10-16 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsWhy Poland's election swing is not so clear cutPostedPolish voters have turned out in record numbers and seem to have ousted the country’s ruling nationalist party. It opens the way for opposition parties to take control of Warsaw and repair Poland's relationship with the European Union. But those who voted for change could have to wait until next year for it to happen. Sean Hogan explains.

Persons: Sean Hogan Organizations: European Union Locations: Warsaw

☆ CEOs condemn Hamas attacks and express support for Israel in messages to employees
▼ + stars: | 2023-10-13 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

CEOs are condemning Hamas and expressing support for Israel in messages to employees. Microsoft CEO Satya Nadella and Google boss Sundar Pichai have publicly condemned the attacks on social media and issued statements to employees. "Heartbroken by the horrific terrorist attacks on Israel and the escalating conflict," Nadella said in a post on X. "Google has two offices and more than 2,000 employees in Israel, and it's unimaginable what they are experiencing right now." "We stand with our employees, their families and the people of Israel during this time of great suffering and loss."

Persons: Satya Nadella, Sundar Pichai, JPMorgan Chase, Jamie Dimon, —, Nadella, Kathleen Hogan, Hogan, Google's Pichai, 9to5Google, Dimon Organizations: Israel, Microsoft, JPMorgan, Service, Google, JPMorgan Chase, Street Journal, CNN Locations: Israel

☆ Wall St Week Ahead Investors zero in on health of consumer with retail sales, earnings
▼ + stars: | 2023-10-13 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. Retail sales data, due out on Tuesday, may have to walk a tightrope to satisfy investors. A survey on Friday showed U.S. consumer sentiment deteriorated in October, with households expecting higher inflation over the next year. Todd, of Greenwood Capital, is focused on insight from companies about the cumulative effect of "higher inflation and higher rates on the consumer." “The conclusions from the consumer next week, I think, is going to be bad news is good news."

Persons: Carlo Allegri, that’s, Hogan, ”, Walter Todd, Todd, Jack Ablin, Ablin, Lewis Krauskopf, Ira Iosebashvili, Jonathan Oatis Organizations: New York Stock, REUTERS, Procter & Gamble, Netflix, Federal, Riley, ”, Reuters, University of Michigan, Major, Greenwood Capital, Bank of America, America Airlines Group, Treasury, Cresset, Thomson Locations: Manhattan, New York City , New York, U.S, Israel, Major U.S

☆ Liverpool's Anfield Road stand upper tier to remain closed until 2024
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Liverpool's new upper tier in the Anfield Road stand will remain closed until the end of the year, the Premier League club said on Thursday, as a further delay of the expansion project sees fans' tickets cancelled for the Oct. 21 game against Everton. The new tier, which will increase Anfield's capacity by 7,000 seats to more than 61,000, was initially expected to be ready for the 2023-24 season. That includes the visit of local rivals Everton for which Liverpool had already sold tickets, planning on having some of the upper tier open for the Merseyside derby. "Ultimately we won't be in a position to be able to provide seats for those fans who have purchased those tickets in the upper tier," Hogan said. "Our team has identified who those supporters are and they will be reaching out directly to those supporters next week."

Persons: Billy Hogan, Hogan, Anita Kobylinska, Ken Ferris Organizations: Premier League, Everton, Anfield, Liverpool, Merseyside, Thomson Locations: Anfield, Gdansk

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. The Labor Department report showed U.S. consumer prices rose 0.4% in September versus estimates of a 0.3% rise, according to economists polled by Reuters. Prices rose to 3.7% against estimates of 3.6% in the 12 months through September. Core CPI, which excludes volatile food and energy prices, rose 0.3% in line with estimates. Reuters GraphicsAnother set of data showed jobless claims rose 209,000 for the week ended Oct. 7, lower than an estimated 210,000 rise.

Persons: Brendan McDermid, Israel, Hogan, Riley, Susan Collins, Atlanta's Raphael Bostic, Kan, advancers, Shashwat Chauhan, Ankika Biswas, Johann M Cherian, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Labor Department, Reuters, CPI, Traders, Federal, Boston, Public, Dow Jones, NYSE, Thomson Locations: New York City, U.S, Gaza, Bengaluru

JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. In the first 10 days of this month, the $1.46 billion Invesco KBW Bank ETF (KBWB.O) saw net outflows of $336.18 million, while the $2.49 billion SPDR S&P Regional Banking ETF saw net outflows of $19.58 million. Overall, the Invesco fund and the SPDR fund posted net inflows of $381.16 million and $565.15 million so far this year. The prices of the ETFs are down 23% and 28.4%, respectively, as bank stocks fell sharply earlier this year following the collapse of California-based Silicon Valley Bank and two other U.S. lenders. "Although, our equity research team indicates that selling may have pushed prices down too far and created a buying opportunity."

Persons: Caitlin Ochs, Hogan, Riley, JPMorgan Chase, Wells, Bryan Armour, Bansari Mayur, Jonathan Oatis Organizations: JPMorgan Chase Bank, REUTERS, Exchange, KBW Bank, Regional Banking, Valley Bank, U.S, Federal, JPMorgan, Citigroup, North America, Morningstar, Thomson Locations: New York City, U.S, California, Bengaluru

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