Hints and tips:
...“Companies view audit fees as a compliance cost, rather than a value-add,” said Jeffrey Johanns, a former Big Four audit partner who teaches accounting at the University of Texas at Austin....
...He added that the US Coast Guard was boosting its presence in the Indo-Pacific, a shift illustrated by the fact that Admiral Linda Fagan was the first Coast Guard commandant to attend the Shangri-La Dialogue...
...Linda Yaccarino was in full flow when a text message from a friend stopped her in her tracks....
...Jimmy Page of Led Zeppelin has a notable number of paintings, as did the late Genesis P-Orridge – founder of industrial sound provocateurs Throbbing Gristle....
...Tuesday’s share price drop extended the plunge in the Austin-based carmaker’s stock this year to 33 per cent, making it one of the worst performers in the S&P 500 with a trajectory that continues to diverge...
...The slowdown has sent Tesla’s shares down 31 per cent this year, making it the second-worst performer on the S&P 500....
...The allies also plan to use advanced AI algorithms on P-8 surveillance aircraft to increase their anti-submarine warfare capabilities....
...Aukus: US defence secretary Lloyd Austin and his Australian and UK counterparts provide updates on the three nations’ security agreement....
...Map of the day Anchored 200km from Rio de Janeiro is the P-71 floating production unit, one of the newest offshore oil platforms transforming Brazil into a global energy power....
...Novák went to Austin, Texas, last month to visit one of Musk’s Tesla plants....
...“I overcame my lack of an engineering aptitude by being highly motivated, creative and a risk-taker,” he told students at the University of Texas, in Austin....
...Based in Austin, Texas, Vista is now trying to raise $20bn for its first flagship buyout fund since the firm was shaken by the scandal....
...The S&P 500 is down 3.5 per cent since June 30 and is on course for its first quarterly loss in a year. Here’s the outlook for today’s trading....
...The top-ranked contender so far this year is: “CSI names FIS veteran Linda Fischer COO, appoints new CRO, CPO and SVPs”. But competition is tough, especially since the rise of crypto....
...As Lex notes, Tapestry’s dealmaking record isn’t great and analysts at S&P cut the company’s outlook to negative on the deal....
...Here’s what else I’m keeping tabs on today: Manufacturing: S&P Global publishes its manufacturing purchasing managers’ indices for the EU, UK and US while the US Institute for Supply Management publishes...
...Most large consumer packaged goods groups, including P&G, are still operating on tighter margins than they were before the pandemic....
...The S&P 500 and Nasdaq Composite both finished at their highest levels since August 2022. Read more on the possible compromise. 3....
...Separately, S&P releases its final reading of manufacturing PMI for February....
...Economic data: S&P Global releases its early purchasing managers’ indices for April manufacturing and services activity....
...Here is the performance of the S&P 500 banking sector, and the somewhat broader KBW Nasdaq Bank index, against the S&P 500 from October 2002 (the bottom of the dotcom bust bear market) until year end 2021...
...US stocks stabilise after inflation data Despite falling as much as 1 per cent after the release of January inflation data, the S&P 500 closed yesterday’s session flat....
...US defence secretary Lloyd Austin had been hoping to meet Li Shangfu, China’s new defence minister, at the event but Beijing has rebuffed his overtures as relations are fraught — Washington hit Li with sanctions...
...Despite a sell-off in technology stocks last year and UK market rally, the FTSE 100 trades at a much lower valuation relative to company profits than Germany’s DAX or the S&P 500 in the US....
...The S&P Global Luxury index is down by about 30 per cent this year....
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