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Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
Tesla boss shows Argentine president Texas factory where they talked about lithium, Brazil and a disdain for bureaucracy
But the boost to liquidity can prove shortlived
...“There was a huge outflow from ESGU and into QUAL as a result of BlackRock changing their weighting,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...Burton Resnick, another developer, bought it in 1989 for $77mn, and — with a $50mn loan from Citicorp — began renovations. But it was a disaster....
Delaware court previously voided chief executive’s $56bn remuneration
...And decades later, it became one of the real pioneers in US banking, in going overseas, in Latin America, in Asia, globally around the world, in the late 90s. In 1974, it's rebranded as Citicorp....
And more on bad buybacks
Americans account for 14% of users but their revenue contribution will be higher
...Max launched in the US in May 2023 in an attempt to challenge Netflix, Disney and Amazon in the streaming market, and in Latin America and the Caribbean earlier this year....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax bill on unsold stock
...Another factor driving the growth of ETFs is the active ETF boom, said Bryan Armour, director of passive strategies research for North America at Morningstar Research Services....
Legal battle between talent agency and Michael Kassan centres on jet flights and other spending
Also in this week’s newsletter, the Detroit Lions roar back and Real Madrid top football rich list
And yet, we’re struggling to care
US state’s chancery court plays a key role in balancing interests of boards and investors
Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
AI could be a game-changer for many of the tech giants
...But Bryan Armour, director of passive strategies research for North America at Morningstar, said that on closer inspection a slightly different picture emerged....
Richard Blumenthal accused kingdom of trying to launder its image with potential PGA deal
...According to Michael Youngworth, a convertible bond strategist at Bank of America, a slower than expected fall in inflation is also encouraging companies to issue debt sooner rather than later....
...America’s real estate market remains stuck in the mud. Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low....
...Pepsi said the deceleration was largely due to a recall in Quaker granola products over salmonella concerns and weak sales in North America....
World’s biggest brands to spend $650mn on coveted ad slots, featuring celebrities from Lionel Messi to Jennifer Aniston
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