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...“Potential unlawful co-ordination appears throughout Climate Action 100+’s documents,” the attorneys-general said last year....
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...“ESG is the devil,” Tesla chief executive Elon Musk wrote on X last year....
...This provided some relief to a stock that had at one point fallen more than 40 per cent in 2024, the worst performance on the S&P 500. But at Tesla’s headquarters in Austin, Texas, drama was brewing....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...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)....
...Shares of Berkshire have climbed 11 per cent this year, outpacing the 8 per cent total return of the S&P 500. Berkshire has not paid a dividend since the 1960s....
...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....
...The slowdown has sent Tesla’s shares down 31 per cent this year, making it the second-worst performer on the S&P 500....
...Shares in the company, which declined 5.6 per cent on Monday, have fallen more than a third this year, making it the second-worst performer in the S&P 500 and underperforming those of legacy carmakers....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
...Reach us at energy.source@ft.com and follow us on X at @FTEnergy. Catch up on past editions of the newsletter here....
...And Musk’s outspoken posts on his social media platform X risk denting his car company’s brand....
...The software update on 2.2mn vehicles covers Tesla’s 3, S, X and Y models and its new Cybertruck, almost every car the company has ever sold in the US, and was ordered because warning lights on the instrument...
...Of the 447 universities with a credit rating from S&P Global Ratings, more than a third are rated triple B plus or below....
...Assume, then, that TMTG’s weighted average cost of capital falls from more than 20 per cent to 5-6 per cent, the S&P 500’s average WACC. Even then, we’re only at $51....
...His Berkshire Hathaway B class shares, at $420, offer a relatively cheaper entry....
...Insurance. Some stocks of interest. What sort of companies come up when you start sorting through the S&P 500, looking for growth at a reasonable price?...
...S&P 500 hit an all-time high on Friday but, as my colleagues Nicholas Megaw and Kate Duguid have pointed out, stocks limped to the summit....
...K-SURE, the South Korean government export credit agency, has withdrawn insurance needed to underwrite SK E&S’s investment in the Timor Sea project....
...We’ve divided the issuers up by their primary exchange and overlaid short-interest data from S&P Global, accurate to February 23....
...Sentences that begin with A come in the first chapter, arranged in strict alphabetical order, like index entries; sentences that start with B in the second, and so on....
...At the same time, he will have to navigate a board on which two of Buffett’s children, Howard and Susie, as well as executives such as Ajit Jain, who heads Berkshire’s insurance business and has for years...
...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....
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