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And more on bad buybacks
Americans account for 14% of users but their revenue contribution will be higher
...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....
...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....
Legal battle between talent agency and Michael Kassan centres on jet flights and other spending
...America....
...Lululemon, where a pair of yoga pants can set you back £108, saw a slower start to the year in North America....
US state’s chancery court plays a key role in balancing interests of boards and investors
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....
...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....
Also in this week’s newsletter, the Detroit Lions roar back and Real Madrid top football rich list
...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....
And yet, we’re struggling to care
...Pepsi said the deceleration was largely due to a recall in Quaker granola products over salmonella concerns and weak sales in North America....
Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
...BlackRock’s Fink called this week for further reforms, however, writing: “America needs an organised, high-level effort to ensure that future generations can live out their final years with dignity.”...
Richard Blumenthal accused kingdom of trying to launder its image with potential PGA deal
World’s biggest brands to spend $650mn on coveted ad slots, featuring celebrities from Lionel Messi to Jennifer Aniston
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
Senators assail consultants for helping Riyadh use ‘soft power’ to build influence in the US
Counsel for shareholders who challenged Tesla remuneration will submit request in coming weeks
...Musk is now reviving the debate about Delaware and the power its courts wield over corporate America....
...Citi, JPMorgan and Bank of America have all gotten in....
Delaware has long been the go-to place for companies to incorporate. Can Elon Musk change that?
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