Hints and tips:
...As befits an AI proxy, Intuit doesn’t look cheap on 36 times forward earnings. Smaller rival H&R Block trades on a multiple of only 12 times....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...“Trees don’t grow to the sky,” I would think. Then I read W. Brian Arthur’s paper “Increasing Returns and the New World of Business”....
...“Options are looking tighter and tighter but I wouldn’t bet against him having another roll of the dice left in him.”...
...They look like a direct challenge to offshore centres such as the Cayman Islands. Now, the Cayman Islands is fighting back, DD’s Kaye Wiggins and the FT’s Mercedes Ruehl and Leo Lewis report....
...“They [BlackRock] want to buy an alternative manager, but I don’t think they are going to do anything sometime soon,” the person added....
...Prigozhin had set up a string of fashionable restaurants, and won the attention of the new Russian president Vladimir Putin, who asked him to cater dinners for visiting foreign leaders including George W...
...And hopes that New York’s China deals pipeline could be redirected to Hong Kong have so far been in vain, since Beijing still hasn’t released the final rules of its new regime for offshore initial public...
...For example, the UK offshore wind industry now covers the energy needs of one-third of British homes....
...Among the takeaways: the oil major has changed tack, saying demand won’t peak for about a decade....
...“They don’t need to worry about the price of coal going up or down.”...
...“And so that’s what people don’t want to miss. They don’t want to miss Tesla again.”...
...Stonegate’s latest accounts show that while it has “operated” Cubitt House’s six London pubs, it doesn’t own Cubitt House....
...According to Morgan Stanley Wealth Management, the sectors that have benefited the most from low taxes and the use of offshore locations are technology and pharmaceuticals — two of the stronger recent performers...
...And in a sideways swipe at his rival at BP he said: “When we come, we don’t pay too much.”...
...“I would say that, as a team, we've pretty well discounted a uniform V-shaped recovery. The question is, is it U-shaped, is it W-shaped or parts of it L-shaped?”...
...The cruise industry was an early focus of the pandemic crisis, with outbreaks on ships quarantined offshore....
...Maybe we just don’t need J Crew any more....
...Whichever shape the recovery takes — V, W or L — any emissions decline flattens out by the middle of the decade....
...If this crisis isn’t the motivation to finally address it, what is?”...
...But Wall Street companies with offshore funds still found a way to profit from the coronavirus misery....
...Words via JP Morgan Cazenove. Global infections grew 62% w/w to 1,275,542. Infection growth momentum has slowed compared to ~95% w/w ten days ago....
...Infineon’s gone to “overweight” at JP Morgan: There is mounting evidence of a global auto rebound as the US joins China’s already established V-shaped recovery....
...T? W? At this point who even knows....
...“Charities don’t hit the wall as fast as companies do, because they don’t usually have much debt.”...
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