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...Usher adopts the familiar romantic roles of seducer, stoical ex, upset ex, uxorious partner and charming rogue....
...Anyway, back to the S&P report. They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...Clifford Chance has hired Chang-Do Gong as a partner in its US M&A practice. He joins from White & Case....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...Last year, nearly 14 per cent of S&P 500 companies faced shareholder proposals to split the roles, up from 6 per cent in 2021. Support for the proposals has averaged about 30 per cent....
...And a court fight to start: A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting...
...“All of that then leads you to a view of net zero happening later,” Grant Dougans, a partner at Bain, told Energy Source....
...His Berkshire Hathaway B class shares, at $420, offer a relatively cheaper entry....
...But the donations Buffett has so far made have barely loosened his grip on the company, which he maintains through his holdings of class A shares, which carry 10,000 times the voting power of Berkshire’s B...
...We’ve divided the issuers up by their primary exchange and overlaid short-interest data from S&P Global, accurate to February 23....
...Likewise, S&P Global Mobility surveys suggest stable EV loyalty, measured as the share of EV owners whose next car was an EV, especially for Teslas....
...Instead, investors were given a “Plan B” for cheaper cars that will be made on existing production lines and systems to help cut Tesla’s spiralling costs as it shifts billions of dollars worth of investment...
...The rating agency in May cut SoftBank’s long-term credit rating from double B plus, its highest non-investment grade, to double B following record investment losses....
...That’s around a quarter of an Nvidia or a single SPDR S&P 500 ETF. Things have changed....
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
...In the US, the S&P 500 had its best first quarter since 2019. Fixed income funds reported inflows of $42bn and equity funds received $18bn, for total long-term flows of $76bn....
...“Our view is that for reasonably high-quality businesses, there will be interesting ways to access capital,” said Ed Testerman, partner at investment management firm King Street Capital....
...State Street Global Advisors’ SPDR S&P 500 Ucits ETF has attracted €2.7bn in net inflows over the three months since its fee was cut to 0.03 per cent in November last year....
...Global Infrastructure Partners was different....
...“We finally started making . . . the S-O-S sign,” she recalled. She suspected that one of the partners who owned the building had locked them out because he did not want to sell....
...James Anderson, a managing partner at Lingotto Investment Management, which holds Tesla shares, has a more pragmatic view of Musk’s actions....
...He has made it his mission to significantly reduce the proportion of companies with languishing P/B ratios, to bring the TSE to levels closer to those in the US (5 per cent of S&P 500 companies) and Europe...
...S&P rates BPY’s debt BBB-, the lowest investment grade credit rating....
...Canyon Partners....
...Since 1964, Berkshire shares have returned 4.4mn per cent, far outstripping the 31,233 per cent gain by the benchmark S&P 500....
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