Hints and tips:
...Contracts tracking Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq Composite were close to flat ahead of the New York trading session....
...His Berkshire Hathaway B class shares, at $420, offer a relatively cheaper entry....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...That compares with 0.2 per cent for the Stoxx 600 ex-UK and 0.7 per cent for the S&P 500. AJ Bell has revealed that cash accounts for 13.3 per cent of its retail customer assets....
...CPI and producer price index (PPI) inflation rate data EU: European Central Bank Economic Bulletin UK: Rics House Price Balance Results: 3i Group H1, ArcelorMittal FY, AstraZeneca Q3, Auto Trader H1, B&...
...These have performed poorly, relative to other indices like the S&P 500, since interest rate rises began in December 2021....
...Also in London, the specialists Rudy Capildeo and Tim Maxwell have been brought in from Charles Russell Speechlys to City law firm Wedlake Bell to lead a dedicated art and luxury practice....
...At S&P Global, Coinbase’s credit rating downgrade from double B to double B minus reflects “our view that weakened trading volumes in the aftermath of FTX’s collapse will continue to pressure Coinbase’s...
...Some can establish discretionary loss-absorbing buffers before accounting P&L is calculated (eg NBB and DNB)....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...Black British Artist Grant, an annual programme giving a leg up to figures within the arts and addressing diversity and visibility across the creative sector. a-cold-wall.com; community.samuel-ross.com B...
...S&P Global Commodity Insights predicts the 2022 Atlantic Hurricane season, which ends in November, will curtail 75,000 b/d of Gulf output, down from 100,000 b/d last year....
...‘Productive Tensions: How Every Leader Can Tackle Innovation’s Toughest Trade-Offs’, by Christopher B Bingham and Rory M McDonald The path to becoming a better leader has always been long and rocky....
...From UBS Wealth chief investor Mark Haefele’s note on Friday (my highlights): Today, after a 26 per cent derating over the past 12 months, the S&P 500 trades at a trailing price-to-earnings (P/E) ratio...
...Federal Reserve chair Jay Powell, World Trade Organization head Ngozi Okonjo-Iweala and Bank of England governor Andrew Bailey are among the top drawer list of speakers....
...The IEA says Iran could increase supply by “more than 1mn b/d within six months”. Venezuela could add 200,000-300,000 b/d in three to four months....
...V Vaccination Pretty much the only thing that stood between Novak Djokovic and this year’s Australian Open title. Oops....
...As always, reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to share your feedback on today’s newsletter. Happy reading!...
...Wall Street’s blue-chip S&P 500 index slipped 0.7 per cent, also hitting session lows near the close....
...Henry V would blush. If your truck is capable of more than 56 miles an hour, regardless of what speed you are doing, they can fine you. They love to check your tacho....
...Goldman predicts that Brent will hit $90/b by then — $10/b higher than it previously forecast....
...Separate from the roadshow, the fanfare of ringing the opening bell at the New York Stock Exchange, celebrating a milestone with colleagues and supporters, is likely to remain....
...David Bell: Recovery is unlikely. The source of any revival in demand is unclear....
...Andrew Bailey, the new Bank of England governor, was accused of producing overly rosy predictions on Thursday after the central bank said it expected a V-shaped economic recovery from the coronavirus crisis...
...The S&P 500 index inched towards its February record high, rising 0.3 per cent by the closing bell, while the tech-heavy Nasdaq Composite slipped 0.4 per cent. European trading was similarly muted....
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