Hints and tips:
Related Special Reports
...State (Phenomenal World) — Risk-Adjusting the Returns to Private Debt Funds (NBER) — Unicredit’s Erik Nielsen on this week’s spring IMF meetings (and what’s changed about them) — The US military isn’t...
...One for transparency, and another for the extra reassurance that the machines aren’t ready to take our jobs just yet. Still, two out of three ain’t enough for a tee....
...Other companies: General Dynamics, AT&T, Hilton, Biogen and Hasbro are all reporting before the bell. Chipotle, Ford, Whirlpool and Wyndham Hotels will report after the market closes....
...(TikTok v Rusty Foster) — The case for building homes on some of London’s 95 golf courses (Notes on Growth) — AI isn’t useless. But is it worth it?...
...And an industry built on opacity-as-a-feature isn’t going to embrace this, even if the convenience is attractive....
...(The Tributary, h/t Today in Tabs)...
...Please let us know if you don’t want your name listed among those who answered correctly — it won’t affect your chances of winning a tee, but it will prevent us from accidentally telling your artist friends...
...*Credit to Robin for using the phrase “golden moment”, as moments by definition don’t last very long...
...The strategists don’t address this explicitly....
...This isn’t great news for Chemours, putting it mildly....
Solar flares; seasonality; turbines; Instagram; Don’t Die; “former world’s oldest dog”; etc
...Even junk-rated companies, which aren’t considered the safest borrowers, aren’t considered to be distressed until their yields reach 10 percentage points above the risk-free benchmark....
...That’s a soothing and convenient line, but it isn’t very helpful. Readers now interpret “not systemic” to mean “won’t cause a repeat of the global financial crisis”....
...So those businesses haven’t needed to cut jobs or investment just to manage their cost of debt....
...In their introduction, García Márquez’s sons don’t shy away from quoting his final judgment that the book “doesn’t work. It must be destroyed.”...
...Weird as s–t, can be strange. But he is a good guy.”...
...So if a bond auction can’t fail, how do I know the US government isn’t taking on a disastrous amount of debt? Or, uh, borrowing for the wrong reasons, to put it differently? Ha, trust me, you’d know!...
You can’t extend and pretend forever, as it turns out
...Media & entertainment workers aren’t earning much compared to industry revenues, but executives still seem quite eager to capture “AI efficiency”....
...So CONGRATULATIONS to Simon M, who has won not one but two Alphaville t-shirts!...
...(NBER) — Why isn’t solar scaling in Africa? (Asterisk Magazine) — Is the state here to stay? (Boston Review) — Disorder in West Africa: Does Polycentric Order Make Sense?...
...And it isn’t only the banking industry that’s pushed back. The strangest/funniest pushback has come from the banking industry, though....
...This doesn’t mean that it’s not going to, of course. But even with the persistence of somewhat-higher-than-comfortable inflation, nobody seems genuinely worried right now....
...company, investors chose to accelerate the bonds and demand immediate full repayment of $146mn; that’s including interest, and the extra 0.5 per cent the contract said they were due if the company didn’t...
...It isn’t just US large-cap companies hanging on to near-record profitability. It’s happening worldwide....
International Edition