Hints and tips:
...Goldman has seen a spate of high-profile women leave, including Beth Hammack, who was once touted as a potential chief financial officer of the bank; Dina Powell McCormick, who left to join merchant bank...
...It comes a day after Federal Reserve chair Jay Powell said the bank’s battle with inflation was “not yet done”....
...Myles McCormick Yes....
...“People are still living with high prices, and that is something that people don’t like,” Fed chair Jay Powell acknowledged last week after the central bank’s most recent rate-setting meeting....
...Powell said market expectations of a rate cut in March were not his “base case”. Powell also said there was “a way to go” before the Fed could claim victory in its battle against excessive inflation....
...Since Henry left Haiti on February 25 to attend a regional summit in Guyana, gangs have rampaged through the capital of Port-au-Prince, raiding two jails over the weekend and freeing thousands of inmates...
...According to Phillip V Snyder’s 1977 bauble bible, The Christmas Tree Book, the first glass ornaments from Germany arrived in the US in the 1860s....
...Brent recovered a bit but still settled down 2.4 per cent at $80.88 a barrel....
...Dina Powell McCormick, who ran sovereign wealth fund coverage, will join Goldman’s former co-head of investment banking Gregg Lemkau as vice-chair of BDT & MSD Partners....
...Job moves Dina Powell McCormick, the global head of Goldman’s sovereign business, is leaving to become vice-chair and global head of client services at BDT & MSD Partners, the investment and advisory firm...
...The latest headline NFPs had the US adding 517,000 jobs in January, or losing 2.5mn on a non-seasonally-adjusted basis. Choose your own adventure....
...“This is a once-in-a-generation chance to get inflation up to 2 per cent.”...
...That is a decline of 2 per cent from the year earlier as inflation, supply chain constraints and slowing demand weigh on margins....
...That sounds like a reasonable expectation to have after Fed Chair Jay Powell doubled down on his hawkish tone at Jackson Hole last week....
...When the Iran-Contra story finally broke late in 1986, Powell had been in Germany for less than six months, now with three stars and in command of the 75,000 strong V corps, having skipped the normal intermediary...
...“We are likely seeing peak growth, peak inflation, and peak stimulus in many countries right now,” said Mark McCormick, global head of currency strategy at TD Securities....
...But the decline in sterling has left it looking undervalued, according to Mark McCormick, head of FX strategy at TD Securities, who is betting on its rebound against the euro....
...Wedding gifts from around the world, more than 2,000 of them, were put on display at St James’s Palace; entry tickets a shilling a head. The day itself was filmed....
...It gave the global oil market hope that a V-shaped demand recovery was under way. But OilX’s data suggest the teapots’ appetite has waned....
...This doesn’t mean we are in the midst of a V-shaped recovery, however....
...Vladimir Putin said he would be vaccinated with the Sputnik V jab on Tuesday....
...From inception through July, we have closed 67 units for net proceeds of $2.42 billion....
...our vaccine tracker Latest news The UK has added India to the ‘red list’ of countries from which travel is severely restricted because of the surge in Covid-19 cases The developers of Russia’s Sputnik V...
...Whichever shape the recovery takes — V, W or L — any emissions decline flattens out by the middle of the decade....
...Only a small minority of respondents said they expected a rapid recovery, with just 15 per cent of fund managers saying they expect a V-shaped rebound....
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