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Decision by car rental group comes as resale value of EVs has collapsed
...“I think a lot of people are now expecting pretty meaningful erosion of AbbVie’s US Humira business this year,” he said....
...Will Lina Khan be left holding the bag? On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...Handler said late on Wednesday that he had sold 1.5mn shares, about 7 per cent of his total holdings in Jefferies, at $43.50 each....
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
...Virtu’s CEO Doug Cifu made us a promise last year, when we wrote about how 2022 had seen a record amount of CEO swearing on conference calls....
...US airlines generated $6.8bn from them in 2022, the latest data available, according to the Bureau of Transportation Statistics. That is more than double from a decade earlier....
...in losses from the implosion of Archegos — the family office run by former hedge fund manager Bill Hwang — but its investment banking business had to deal with the ripples from the banking crisis in the US...
...DD will be there, so rustle up a team of up to six and see if you have what it takes to beat us. Details here....
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...The sale of DR Horton marked a sudden shift by an investor typically billed as a long-term holder; Berkshire disclosed it had invested in the largest US homebuilder just six months ago....
...Given its £971mn market value, it is not clear what US index it would get into....
...SIG’s stakes include holdings in Chinese groups designing semiconductors and making chip design tools, as well as a cyber security start-up....
...Smaller, highly leveraged peer 888 Holdings is looking at options to sell or exit its US consumer business as part of its latest turnaround strategy, which includes a slightly desperate rebrand to evoke....
...Exchange traded funds have taken over as the dominant holding in the fast-growing multitrillion-dollar US model portfolio market, helping to turbocharge their already rapid growth....
Acquisition might please regulators but would strain jet maker’s liquidity and efficiency measures
...But they are evidently less concerned for the TikTok shareholders who are unable to criticise TikTok for fear of having their holdings seized....
...The second chart shows the share price of Hawaiian Holdings — the parent of Hawaiian Airlines....
...Meanwhile, the storied US department store operator — whose name was once synonymous with retail magic — continues to lose relevance among shoppers....
...the US....
...“CVR is the key thread holding what’s left of his empire together,” Nathan Anderson, who leads Hindenburg, told the FT earlier this year....
...The inquiry began as a result of an agreement by the Saudi Public Investment Fund to take a stake in golf’s US-based PGA Tour, but has grown into a broader examination of the PIF’s investments in the US....
...Hertz’s struggles have underscored that US consumers are proving more wary of EVs than expected and that even small strategic errors at companies with complex supply chains and capital structures can quickly...
...The US market’s big-tech concentration has been the wrong type. Having a market where only seven stocks count towards the final scores is very inconvenient for stock pickers....
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