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...they don’t understand how consumers shop today and they don’t understand the dynamics of a marketplace with no barriers to entry, constant influx of new competitors,” Joanne Crevoiserat, the company’s C.E.O...
...Elsewhere on Monday… — Tether, FTX, and Deltec Bank: Money time (Amy Castor and David Gerard) — Lending in the sponsor age (Lewis Enterprises) — The sweet science and the sovereign fund (The Baffler)...
...The lender said the latest figure included “one-time expenditures related to system installations and upgrades”.David Solomon, chief executive of Goldman Sachs, received $29,990 for personal security during...
...That’s worrying news for boss David Katzman, as well as anyone who still had/has one of the group’s aligners in their mouth....
...Occasionally, Truss drifts perilously close to epiphany, such as when writing about her time as a junior minister in the Department for Education under David Cameron: Before being asked to join the government...
...financial) lemons (Pluralistic) — The most important man in finance you’ve never heard of (Wall Street Journal) — The man who collects lost pet posters (The Waiting Room/Substack) — What happened to David...
...A 20% adoption rate would imply c£900m of industry-wide flows. In aggregate, this implies a £1.5bn net flow tailwind, with assumptions that we believe are generous. What can you say about £1.5bn?...
...(a) (of a gem) uncut, unpolished; (b) (of water) undistilled; not filtered; (c) (of alcoholic spirit) undiluted; (d) (of grain) unmalted, undried; (e) (of sewage) untreated. I.2.e....
...This was not always the case: the proportion of variable rate debt has fallen sharply over the last decade, from a peak of c.70% in 2012....
...range of forecasts strategists produce for the coming year, writes Société Générale’s Jitesh Kumar: For example, over 2017, VIX averaged 11.1, and the S&P500 forecast range from strategists for 2018 was c.17%...
...According to MMO Population tracker, it has c 18.7m subscribers and 353k daily active players which ranks number 14 of 140 tracked MMOs....
...Overall impact to ASK capacity for H2 F24 expected to be c. 20 per cent higher YoY (Q3 c. 25 per cent, Q4 c. 15 per cent)....
...Economist David Tinsley writes: • […] We find the populations of San Francisco, Los Angeles and other western cities continued on their downward trend as of 2023 Q4....
...(Aeon) — Sam Bankman-Fried’s life behind bars (Wall Street Journal) — Binance gets hit with crypto’s worst possible fate: compliance (Amy Castor and David Gerard) — King Charles secretly profiting from...
...Its wine choices are guided by the recommendations of the Government Wine Committee, which consists of retired diplomat Sir David Wright and four masters of wine....
...As David Byrne kinda sing-talked: “Say something once, why say it again?”....
...Louis Ashworth, apparel designer Vogue’s cover story about Lauren Sanchez, media personality and Mrs Jeff Bezos-to-be, was a perfect profile....
...And David Adams, one of Morgan Stanley’s foreign exchange strategists, reckons sterling is the weak spot (our emphasis below): In a scenario where the UK current account deficit approaches disequilibrium...
...On our calculations, based on the current QT trajectory and TFSME path, Bank reserves will fall significantly over the coming years, likely halving (c. GBP 430bn) by the middle of the decade....
...Trying to figure out the German version of plus ça change, plus c’est la même chose was a waste of several minutes of Alphaville’s time. Plus, it’s not really fair: things have changed for Germany....
...As mainFT’s Nikou Asgari reported last month, it has found a friend with benefits in this area: David Schwimmer, chief executive of LSEG, said the company was working with Microsoft to create “bespoke large...
...He adds that FBUK’s members — which have annual revenues of between £4mn and £5.5bn and include the 12th generation C Hoare & Co, the UK’s oldest bank, founded in 1672 by Sir Richard Hoare — would not survive...
...Elsewhere on Friday… — David Solomon’s future as Goldman CEO is increasingly in doubt (The Messenger) — The sounds of invisible worlds (Noema) — Inside Popbitch: ‘It’s a lot of actual serious work’ (Press...
...The firm’s “apparent conflicts of interest permeated FTX’s bankruptcy filing and every aspect of the case”, Jonathan Lipson of Temple University and David Skeel of the University of Pennsylvania wrote in...
...Alliance Pharma, M&C Saatchi and YouGov all fall in this zone. But it’s not only about individual companies....
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