Hints and tips:
...We frequently shop at local stores because we recognise the social costs of letting the big chains take over, even if they offer cheaper prices....
...In today’s newsletter: Two big wins for antitrust enforcers The Japanese company buying US Steel The plan to rescue Farfetch Regulators even out the antitrust score Global regulators had been on a losing...
...He seems to have believed that the man to rescue Twitter was Musk, for whom he has a sycophantic adoration, and was instrumental in supporting his $44bn approach....
...One good read Cat bond math....
...Instead, they engineered a rescue by rival G-SIB UBS and imposed losses on some bondholders while allowing shareholders to retain some value from their equity, a controversial decision that reversed the...
...At first glance, that looks scary; 40 per cent is a big number. But in reality investors should celebrate....
...Unilever’s Hellmann’s mayonnaise is using Saturday Night Live actress Kate McKinnon in an ad featuring a Mayo cat....
...“We are coming to rescue you . . . from dictatorship,” a group leader said in a video....
...But The Big Short bristled with genuine rage. In Dumb Money, the righteousness feels less certain....
...He’s not the only one to suggest that the funds’ costs are beginning to look unsustainable, as detailed in an FT Big Read earlier this year....
...A 14 per cent rise in the week to Monday in the share price of cruise line Carnival Corp, for instance, cost hedge fund short sellers a total of $240mn....
...The reasons for his austerity are a mix of big picture geopolitics and job market insecurity....
...Marc Filippino So aside from this being the real-life version of the TV show Succession, why is Rupert Murdoch’s stepping down a big deal?...
...Switzerland’s finance minister Karin Keller-Sutter — who was at the centre of the rush to rescue Credit Suisse last weekend — said the rules for winding up big banks did not work, and that following emergency...
...And so we got what we needed with the First Republic rescue, but not what we want....
...These succumbed to the flight of uninsured deposits over the past two months, forcing the US Federal Deposit Insurance Corporation to rescue them....
...Why is this different from the taxpayer-funded rescues in 2008?...
...It is in a sweet spot: big enough to be interesting but small enough to dissuade fights. That will probably change as it expands. Moderation is already causing disagreements....
...However, in a rescue situation regulators have an obligation to choose the party making the best offer for the FDIC....
...That figure is probably a big underestimate, Katrin Ganswindt, a campaigner at Urgewald, told me....
...Big Four firm EY has something it calls the “three-warning rule” for businesses....
...For now, the couple, their two rescue dogs, Dolly the donkey and their small flock of Ryeland and Shetland rescue sheep, have no plans to leave this idyll. But Molesworth is not complacent....
...“It’s a big problem. I don’t know what to answer.” She breaks off as “Happy Birthday” rings out happily from a table at the other side of the café where we are sitting....
...The action “reflects their confidence in First Republic and in banks of all sizes”, the rescue team’s statement read. Their confidence was perhaps more in federal authorities having their backs....
...Not too bad for a region that only expects to avoid recession because of an unexpectedly warm winter and an Irish rescue (notwithstanding the rising rates and nearby war)....
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