Hints and tips:
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...round (FT) Farfetch shares plunge despite talk of founder taking it private (FT) René Benko’s Signa property group files for insolvency (FT) Deutsche Bank chief says EU should consider scrapping bonus cap...
...I find it to be a very meaningful part of what we do.”...
...VinFast said in its filing to the SEC published on Tuesday that a further portion of its revenue came from sales of goods and battery-related spare parts to VinES and from sales of e-buses to VinBus....
...According to some current and former Goldman employees, the turnover is in part due to pay reductions in 2022 when it had to cover losses at its consumer lending unit....
...The group is working to bridge the performance gap, which has emerged in part because of a slowdown at Gucci....
...Last week, the private capital manager helped strike a debt exchange compromise with Carvana, the financially beleaguered online US used car retailer whose market cap had crashed from $50bn in 2021 to $1bn...
...Real consumption, led by surging car buying (Rob did his part), soared 3.7 per cent in the first quarter, more than offsetting a small decline in fixed-investment....
...Getty is an NYSE-listed image library that has a market cap of $2.76bn at pixel time. At $10 a share the stock would be valued at $3.95bn....
...According to the SEC, Stoner Cats 2 LLC’s offering raised roughly $8mn from investors by selling more than 10,000 NFTs for roughly $800 each. The offering sold out in 35 minutes....
...The black currency market — traded out of illegal exchanges or cuevas and rather confusingly called the dólar blue — is part of a large underground economy....
...“However, we don’t put a cap on how many days an owner can use them,” says McAdam. Sea views are popular, but they can prove problematic....
...Compare that with Credit Suisse, a global bank with $700bn of assets that employs 52,000 people and has a market cap of only $11bn....
...A small windfall for FTX: the bankrupt exchange has agreed to sell its futures and clearing business LedgerX LLC to stock and derivatives exchange MIAX for $50mn....
...While valuations were important, factors such as a company’s position in an industry and the barriers to entry also played a big part....
...The Faangs, in market cap terms, are numbers 1, 2, 3, 4 and 7 in the S&P 500....
...SCOTUS The Supreme Court will hear oral arguments in the 303 Creative LLC vs Elenis case....
...The CLS emails contain details of other companies that appear to be part of Concord....
...“As Ark has been buying these small-cap companies, it has been pushing their share prices up,” says Dan Izzo, chief executive of GHCO, a registered market maker....
...For 64 years, the S&P 500 has provided an independent, transparent and objective benchmark of the U.S. large cap equity market. Related Links:Is Stock Index Membership for Sale?...
...I’m not some sort of mad-cap libertarian.”https://twitter.com/elonmusk/status/1278764736876773383?...
...It is an extraordinary leap of faith and confidence on the part of Pham Nhat Vuong, Vingroup’s founder and Vietnam’s richest man, who is ploughing $2bn of his own money into the car business....
...We give a sense of how some parts of industry are reacting (hint: not well)....
...Wearing a red “Make America Great Again” baseball cap, Trump turned to the camera and replied: “45th and 47th.”...
...(FT) Withholding pledge Bill Gates and Warren Buffett have gotten many fellow billionaires to part ways with their wealth for good causes....
International Edition