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...So that doesn’t happen any more and that made them angry,” he said....
...Admission to US equities indices such as the S&P 500 isn’t a given....
...Additional contributions from Camille De Guzman and Benjamin Wilhelm...
...Fox shares closed up almost 2.5 per cent to $30.59 on Wednesday and are up about 9 per cent this year, narrowly underperforming the gain in the S&P 500 index....
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
...A Stiglitz protégé, Martín Guzmán, was appointed economy minister in 2019....
...But I don’t need to. ‘Do I understand watchmaking?’ I’m learning to because you need to master the product. But I don’t need to know how to do it when I manage the company....
...In the US, the S&P 500 has added 7.9 per cent....
...“There’s no guarantee the US megacaps are going to go down tomorrow, just when you look at them, we think you don’t see really good returns from here.”...
...The FTSE 100 trades on a 11.6x P/E. This valuation puts the UK on the 38th percentile vs. its own history (since 2006)....
...Tomasz Wieladek, an economist at investor T Rowe Price, said increased hiring and falling output in the services sector would lower productivity and raise price pressures....
...You know, this is like an S&P 500 fund that you might have in your retirement plan....
...All other units, such as De Beers diamonds, would have undergone a strategic review....
...It doesn’t need to buy a single share to remain perfectly in balance....
...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
...Smart read Economic “de-growth” is an absurd answer to the climate crisis, argue economists Alessio Terzi and Gernot Wagner....
...I don’t think that’s a good trade.” Rivals such as P&G and Colgate-Palmolive didn’t pull out: “Why the hell should we? . . . We’re competing on the world stage with these products.”...
...“We de-risked it and invested in growing the value in that and so that’s the opportunity that we believe we have earned and are afforded based on the contract that we have....
...Anchored 200km from Rio de Janeiro, the P-71 floating production unit is among more than 30 run by national oil company Petrobras over a hydrocarbon-rich stretch off the country’s south-eastern Atlantic...
...On average, the S&P 500 immediately fell 1.2 per cent. It then drops another 5 per cent over the next three weeks....
...“In the eurozone, things are moving from bad to worse,” said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank....
...Two years on, it sure doesn’t look that way....
...For instance, just one tech company’s recent gains added the equivalent of the market capitalization of the bottom 100 companies in the S&P 500, and the size of the crypto market doubled since last fall....
...“People aren’t prepared to pay the valuations that they did a couple of years ago,” he said....
...It won’t pay interest (so is also useless for setting monetary policy) and won’t be programmable like private cryptocurrencies....
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