Hints and tips:
...UK investors have returned to equities for the first time in six months as asset managers look to reorientate their portfolios to account for brighter sentiment on inflation and interest rates....
...investment trusts held by households now stands at ¥382tn, up 27 per cent in the past year....
...If it were, that would imply that we should make Bank of America raise over $100 billion in capital right now to clean up its duration losses, which seems . . . extreme, to say the least....
...But the real drama was unfolding in the bond market. Trading had started to seize up earlier in March, as panicky investors yanked billions of dollars from bond funds....
...To gain access, investors had to lock up money in one of Black’s funds for up to a decade, giving him near-total control, an annual fee and a share of profits....
...But it hasn’t given up altogether — and is offering a new high-paying savings account....
...“I felt like this little coup was all about the money, so I went and transferred $350,000 from a Chase account to a credit union account where they can’t get their filthy little hands on it,” he said....
...FTX used “an unsecured group email account” to manage the security keys for its digital assets, according to the court filing....
...Hong Kong mansion up for sale (Nikkei Asia) Cathie Wood’s flagship Ark fund tops $300mn in fees despite losses (FT) Ex-Shell chief Ben van Beurden’s pay jumped to £9.7mn last year (FT) Uber is considering...
...A few weeks later, Salvatore arranged to make another small drug sale in a nearby village in the mountains. Oksana, he told her, was going to come with him....
...LBO woes With debt markets in turmoil, private equity groups have turned increasingly to private credit to finance buyouts....
...In the audience, a boy is riding a coin-operated truck, a model of the beaten-up Ford pick-up that helped cement Walton’s image as a frugal, quail-hunting man of the people even as he became America’s richest...
...The outspoken Russian banking tycoon Oleg Tinkov managed to tread a fine line over the three decades it took to build up his multibillion-dollar fortune, staying neither too close to nor too far from the...
...Union in 1707....
...But as pandemic restrictions ease, streaming hours are down and account growth is at its slowest in two years — hitting the prospects of the advertising business that accounts for four-fifths of revenue....
...Morgan added: “It will have an adverse impact on power generation that is existing in New England. Billions of dollars of money spent to serve New England by companies that have invested in it....
...America’s biggest banks are sitting on unprecedented mountains of cash....
...The president vowed to eliminate all “special preferences” received by fossil fuel producers — including “billions of dollars” in subsidies, loopholes and special foreign tax credits....
...banded together into the European Payments Union, allowing them to trade on credit and delay dollar payments until the end of the month....
...In March, Airbnb set up a $250m fund for its hosts to cover around 25 per cent of what hosts lost in bookings, but admitted in an open letter that “we could have been better partners”....
...A dollar spent on G&A is a dollar that they’re not sending back to their investor to return capital.”...
...Letter in response to this article: Union power weakens New York’s magnetic pull / From Bijan Khezri, Zug, Switzerland...
...European economics commentator Martin Sandbu says the new credit facility from the European Stability Mechanism — the eurozone’s rescue fund — is still toxic to some member states, despite the advantages...
...It also added customers elsewhere, with the total number of UK customer accounts up 136,000, while in North America it added 86,000....
...According to the Asahi Shimbun newspaper, many residents showed up with reusable shopping bags and a mountain of napa cabbages were sold out within 15 minutes....
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