Hints and tips:
...As Agrawal notes, they are hardly short of cash: the Mangs collectively generated $276bn of operating profits in 2023 and spent $108bn on capital expenditure....
...But some smaller investment managers don’t have sophisticated risk-management processes, and their incentives are just to grow and deploy capital. But is that a systemic risk? I’d say probably not....
...And Trump 2.0 will probably have more immediate priorities than arm-twisting the IMF into a giveaway programme to a country he’d struggle to place on a map....
...At more than 13mn b/d, production is at record levels, exports of American hydrocarbons have surged and the scale of annual profits has been unprecedented — largely driven by a jump in commodity prices following...
...Hidden threat B. Riley Financial is under fire for funding a buyout linked to a firm that prosecutors call a fraud, The Wall Street Journal writes....
...Across weaker companies and weaker properties, capital structures and valuations need updating, but not every B-grade office building is facing the bulldozer....
...And then you’d expect the 10-year part of the curve to be somewhere around 3.5 per cent, maybe a little bit lower....
...In total, the group will now produce almost 6mn b/d less than it could in the first quarter of 2024....
...Under a dubious pretext, the Byzantine empire had in 1171 arrested all Venetian merchants in its capital Constantinople and seized their property....
...That is half a million barrels a day more than today — and 140,000 b/d more than forecast a year ago....
...And that sort of lasted up until the mid 2000s, I’d say. And then you start to hit trouble again....
...Related Stories Indian venture capitalists chase Asian cash as US money dries up Indian venture capital industry hits ‘brutal’ patch Venture capital crunch will hit India harder than US, China India’...
...Since Biden entered office, New Mexico’s shale wells alone have added more than 700,000 b/d....
...But at 12.4mn b/d it’s still well-below the pre-pandemic highs. And the administration does not think last year’s growth rate will be repeated, forecasting a rise of just 250,000 b/d by next January....
...Adding gasoline, diesel, propane and other fuels, exports were a whopping 11.24mn b/d over the same period — also a record. But it is not just oil....
...And as DD outlined last month, Solomon is already in hot water after his initial strategy to diversify the bank didn’t pan out as he’d hoped....
...The UK is “great at the ‘R’ and not so good at the ‘D’,” she says. “It’s really making sure that we connect the D and that we have the right ecosystem.”...
...“We’re worried about deteriorating macro conditions, and that’s traditionally not the time when investors deploy a lot of capital into the single-B [corporate debt rating] risk.”...
...The company, Plan D LLC, owned a Gulfstream jet. In court papers reviewed by the FT, the US Virgin Islands government cites flight logs showing that the plane transported underage girls....
...It completed a $9mn Series A funding round in February, led by Multicoin Capital but with Alameda also present....
...“It is a healthy correction for all of those ‘nice to have’ fintechs, especially series B and above”....
..., an analyst at D A Davidson....
...Since relaunching as a in 2019, Halan has raised more than $100mn in funding, attracted thousands of merchants on to its platform and continues to add roughly 50 merchants a day....
...Merchants of debt happily lend to people who don’t need the money....
...RW: On the other hand, too much capital went into some areas. It created business models like Uber that consumed a lot of cash....
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