Hints and tips:
...Advisers have a fiduciary duty to put client interests first at all times. Brokers must recommend products that are in a client’s best interest, but they do not have ongoing responsibilities....
...That raises concerns they will lose faith in the long-term value of 401(k) and other retirement savings plans and reduce contributions....
...A discount on the bonds lifted the yield on the single-B rated notes to 11 per cent, according to people briefed on the matter....
...Congress has passed two reform packages in the past five years aimed at making 401(k) and other retirement plans more comprehensive and effective....
...His Berkshire Hathaway B class shares, at $420, offer a relatively cheaper entry....
...We’re assuming (b) ended up winning there....
...They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...That writedown stemmed from a 2019 change in New York rent control regulations paired with a big increase in interest rates....
...Other familiar and very heavily shorted names include Tencent Music, Beyond Meat, iRobot and B Riley Financial. Paris-listed Atos, with 26 per cent short interest, is most shorted outside the US....
...EV interest last year resulted in sales of 9.5mn vehicles, but the figure is only expected to be 9.8mn this year....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...The largest holder of Paramount’s B shares is Warren Buffett’s Berkshire Hathaway, which in 2022 disclosed a stake of about 75mn shares at $28 per share — almost twice the share price today....
...So part of why rates are staying high is (a) the amount of issuance and (b) most people are like, “Wow, five and a half staying in the front end with no risk?”...
...(b) Returns implied by the stock market equal only est. half of Citi’s target. For those looking for a “margin of safety” for an investment—we believe Citi looks like a stock to own....
...The execution is functional, and somewhat cartoonish — especially in a dance routine to a K-pop cover of Cardi B’s sulphurous rap hit “WAP” — but Joy Ride is an amiable number that will really come into...
...“ETFs are generally excluded from the approximately $6.6tn 401(k) marketplace primarily due to technology limitations of 401(k) record-keeping systems,” it said in the filing....
...McGuinness, chief executive of Impossible Foods, pushed back against the perception that the company’s products were unhealthy, arguing that Impossible products were a good source of protein, iron and vitamin B,...
...Baidu hopes the car will spur interest in its self-driving software from other automakers....
...B,B&B bonds trade at less than 10 cents on the dollar. Its market capitalisation of roughly $500mn seemed too high, given the company had missed an interest payment and was in default on a bank loan....
...As the TSE’s chief executive, Hiromi Yamaji, told Nikkei Asia earlier this year: “Instead of taking the rigid approach of saying those with P/B ratios below 1 have failed, it makes more sense to urge every...
...One could even speculate, breezily, about a Fed pivot towards cutting, and a peak in long-term interest rates....
...Fitch downgraded the company to B- this week. Commercial real estate is in even worse shape. US flexible offices group WeWork was recently downgraded to CC, one notch above a C rating....
...Four have adopted pro-ESG laws, according to the K&L Gates law firm....
...Meanwhile, interest income on Berkshire’s $147bn cash and Treasury bill portfolio is on track to top $5bn this year....
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