Hints and tips:
...S&P Global’s Construction PMI index rose to 49.7 in February, well ahead of the 49 expected by analysts and just below the 50 level that separates expansion from contraction....
...Its forward P/E is just 15. We’re still searching for good stock picks. If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...We got a lot of mail about our Friday interview with antitrust expert Herbert Hovenkamp, all of it convinced he was absolutely right or absolutely wrong....
...So the equal-weighted S&P 500....
...The Japanese group reported operating profit of ¥64.9bn ($479mn), down from ¥75.7bn a year earlier but better than analyst estimates of ¥45.6bn, according to S&P Global Market Intelligence....
...Inside Volkswagen’s sudden decision to oust chief executive Herbert Diess....
...He joins from Herbert Smith Freehills....
...BlackRock, Vanguard and State Street together own more than a fifth of every company in the S&P 500, the main US equity benchmark....
...Herbert Smith Freehills has hired Jan Eltzschig and Heike Schmitz as corporate partners based in the firm’s Düsseldorf office....
...Herbert Diess, Volkswagen’s chief executive, said his company “is ready” for the transition to electric vehicles....
...Herbert Smith Freehills has appointed Rebecca Maslen-Stannage as its first female chair. She will remain in Sydney during her four-year term. More here....
...It estimated the crisis would cost $18.6bn, and S&P Global Ratings has predicted the Chicago company will see a free cash outflow of $11bn this year....
...Stocks dropped, with the S&P 500 down as much as 2.9 per cent. Covid-19 herd immunity theory dealt blow by UK research....
...Energy has tumbled from a 14 per cent share of the S&P 500’s market capitalisation to 3 per cent over the past decade, according to Evercore....
...Together they lifted the Nasdaq Composite 4 per cent, ahead of the benchmark S&P 500....
...“There are clearly some risks and uncertainties out there, but the broad picture is fairly steady,” said Alex Herbert, a senior analyst at the firm....
...“For a non-sporty car, it’s pretty good,” Mr Musk ventured to VW chief executive Herbert Diess, who sat in the passenger seat....
...“Republicans who choose inaction in the face of these historic economic and health crises will be taking the same misguided path as Herbert Hoover,” he said....
...The report, by Bain & Company and a Harvard economist, found investors did better from tracking the S&P 500 over the past decade than by investing in US buyout funds....
...Breaking a few moments ago from Reuters, via German business rag Manager Magazin: BERLIN (Reuters) - Volkswagen (VOWG_p.DE) CEO Herbert Diess is interested in acquiring a stake in Tesla (TSLA.O), German...
...US stocks reversed their gains, with the S&P 500 down 0.2 per cent....
...Herbert Smith Freehills has hired Jonathan Blake as head of its international private funds strategy in London. He joins from O’Melveny and Myers....
...Although the S&P 500 hit a new record high in that time, markets have sold off in the past week owing to a lack of resolution on trade between the US and China....
...At 10x P/E (adjusted for pension and earn out), ITV is the most expensive broadcaster in Europe....
...“P.J.” The letters were painted in ghostly white, a foot high on the wall, faded but legible beneath the veil of grime....
International Edition