Hints and tips:
...It’s only barely enough for inclusion into the S&P 500....
...The benchmark S&P 500 rose 1.3 per cent and the tech-heavy Nasdaq Composite gained 1.9 per cent. European stocks have followed Wall Street’s lead today....
...Hugh Brady of Imperial College London said that attitudes towards taking gifts from wealthy donors had “changed immeasurably” in the past decade....
...Wall Street’s benchmark S&P 500 index slid 2.1 per cent, its most severe one-day fall since mid-June....
...The S&P 500 index of blue-chip US stocks closed down 0.8 per cent, while the Nasdaq Composite gave up 0.6 per cent. 2....
...John Brady, managing director at RJ O’Brien, said guarding against outsized moves in equity markets had renewed significance now that the Fed’s crisis measures, which had underpinned asset prices, were beginning...
...US equity markets rallied on the data, with the S&P 500 closing up almost 0.8 per cent to another record high....
...Elsewhere in the Asia-Pacific region, Australia’s S&P/ASX 200 slid, erasing a gain of as much as 1 per cent....
...S&P Global, the rating agency, declared the country in default shortly afterwards....
...As John Brady at RJ O’Brien says: “This ‘mid-cycle rate adjustment’ was never about the growth data....
...When Mr Brady is on the field for the “Big Game,” the S&P has suffered an average annual decline of 3 per cent....
...(FT) US dividends outstrip Treasuries The decline of US Treasury bond yields means that investors can now get more income from dividends on S&P 500 shares than on even the longest-dated government debt,...
...First Financial is “probably the most expensive bank stock in the country”, said Brady Gailey, small banks analyst at Keefe, Bruyette & Woods....
...The S&P 500 index has led the way and is far closer to last year’s peak than other global markets....
...The Russell 2000 index is down about 1.5 per cent for the year, while the S&P 600 is up about 1.5 per cent....
...The forward 12-month price/earnings ratio for the S&P 500 note FactSet is now lower at 15.5 times....
...In the US, the Big Four audit 99 per cent of members of the S&P 500 index....
...Karren Brady has stepped down as chair of Taveta Investments, the holding company for Philip Green’s Arcadia empire, along with non-executive director Sharon Brown. More here....
...“To see a stock market reaction like that is bad for bank M&A,” said Brady Gailey, equity research managing director at Keefe, Bruyette & Woods in Atlanta....
...Buyers have paid an average 63 per cent premium to the book values of US bank takeover targets so far this year, according to S&P Global Market Intelligence, up from 30 per cent in 2016....
...“Given they just did a roadshow to talk about how important the investment-grade rating is to them, I don’t see how they can just scratch all that,” Mr Brady said....
...The S&P 500 was up 0.8 per cent at lunchtime in New York, partly on the back of strong tech sector earnings....
...The "boring" charge seems hard to sustain as all their seven Bowls with Brady at the helm have been thrillers....
...Bank of America Merrill Lynch estimated in early December that tax reform could add as much as 14 per cent, and the S&P 500 has gone on to rally 4.1 per cent over four weeks....
...S&P has projected that ChemChina will have a 10 to 13 times debt-to-ebitda ratio in 2017 and 2018....
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