Hints and tips:
...With just 1.2bn people having an income above $12K a year, Apple is valued on an EV per pop of c$2,300, which requires c$800pp of annual spend, on the global equity strategy team’s calculations. 4....
...We do not forecast the company will generate sufficient EBITDA to cover its substantial cash interest payments....
...Frank Liang, general manager of C Sun, said his company was seeking to expand to Thailand and Malaysia, while also considering Japan....
...Some would probably argue that more information is not the same as better information . . . but c’mon....
...The first is a standalone public company — albeit with a lot of other businesses bolted on — while the latter two are part of broader listed companies, S&P Global and LSEG respectively....
...In the case of the McKinsey report published in 2020, the main study gathered data about diversity on the boards and in the C-suites of more than 1,000 large global companies....
...S&P rates EDF as BBB compared with AA for French government bonds....
...Yet shares of insurers such as Allstate, Progressive and AIG are down between 3 per cent and 22 per cent this year, while the S&P 500 has climbed 16 per cent....
...They help them optimise their portfolio construction to let them spend more time with clients, which ultimately is the end goal,” Guillette said....
...Prosecutors allege that Lee, who was vice-chair of Samsung Electronics in 2015, was among a group of executives who inflated the stock price of Cheil Industries, a textile company, and devalued Samsung C...
...This includes the elimination of two inter-company business lines, new direct reporting from the LOBs to the C-suite for the first time ever, and collapsing of management layers from a remarkably high 13...
...“Berkshire has become a great company. Though I have long been in charge of the construction crew, Charlie should forever be credited with being the architect.”...
...NAHB chair Alicia Huey said that some of the slowdown was the result of “a dearth of construction workers”....
...“They’ve been burning cash throughout the last year or so,” said Oliver Vande Stouwe, an analyst at S&P....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...US flexible offices group WeWork was recently downgraded to CC, one notch above a C rating. A C signals a default may be imminent....
...“They’re taking bets on different things,” said Raoul LeBlanc, an analyst at S&P Global....
...Virtu’s shares have fallen almost 10 per cent this year even as benchmarks such as the S&P 500 have rallied....
...Novo Nordisk became Europe’s largest company by market cap this year, its centenary. What was the first product it produced? How many of the S&P 500 companies have a female CEO?...
...And so you have a lot of inexperienced construction companies feeding into the problems, and it’s Russian businesses that are benefiting from that....
...Chart from S&P Global, through September: Part of the reason for this is that companies are making money....
...in cash or (c) spend cash buying shares from the public to limit dilution....
...But many companies took advantage of ultra-low rates up until 2021 to push out maturities....
...Construction spending is forecast to have risen 0.2 per cent in April from a 0.3 per cent increase in March....
...Much of that growth has been concentrated in S&P 500 options, which can only be traded on Cboe thanks to a licensing deal with S&P Dow Jones Indices....
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