Hints and tips:
...The telco entrepreneur has asked banks including Lazard and Morgan Stanley to explore asset sales....
...The menswear runways are full of them, celebrities are wearing them on the red carpet, and stores are placing them at the heart of their spring/summer 2024 offerings....
...Citi ranked fourth among global banks with a 16 per cent share of the overall M&A advisory business in 2022, behind Goldman Sachs, JPMorgan and Morgan Stanley, figures from Refinitiv show....
...costs are immediate and obvious, and they directly affect Apple’s own customers: Apple inflates the price for buying and using iPhones while preventing the development of features like alternative app stores...
...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...“Over the next 24 months we really do need to see the development of the Vision Pro app ecosystem,” Morgan Stanley’s Woodring said....
...Morgan Stanley estimates that across the US, about 11 per cent of grocery shopping takes place online. That compares to about a third of non grocery sales....
...They join from Morgan Stanley and Citi, respectively. Coatue Management managing director Aaron Weiner is leaving the group to start a new hedge fund, Bloomberg reports....
...A more fundamental challenge than measuring carbon is the finite capacity of soil to store it, according to scientists and environmentalists....
...Last week, Wells announced that it had hired Thomas Nides, a former top executive at Morgan Stanley, to be its new head of public affairs. Related and Wells Fargo declined to comment....
...Chinese players now dominate global steel production and US Steel — once associated with the robber barons Andrew Carnegie and John Pierpont Morgan — has now been diminished as an American powerhouse....
...Letter in response to this article: Overseas M&A forms backbone of Japan Inc / From Kiminori Yamaguchi, Tokyo, Japan...
...Waiting for Bordeaux The New York Times investigates the tale of luxury wine store Sherry-Lehmann’s missing bottles . . . and unpaid taxes....
...The game is available to play for free, but players can use its in-game currency, V-Bucks, to buy virtual items, from outfits to accessories and weapons, to personalise their characters....
...Even if Apple does allow for third-party app stores, Morgan Stanley analyst Erik Woodring expects hardly anyone would use them....
...At least 1mn vehicle production is needed for a market to sustain production technology,” said Koichi Sugimoto, analyst at Mitsubishi UFJ Morgan Stanley Securities....
...Another potential wild card is services, the fast-growing division of App Store revenue and media subscriptions where the tech giant sports profit margins north of 70 per cent....
...The V&A in London is also in difficulties over treasures in its recent wonderful exhibition of Fabergé eggs, which ended some weeks ago....
...Apple Pay Later will be built into the Apple Wallet and can be used at any location that supports Apple Pay, both online and in physical stores....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...This included its cut from App Store purchases, which came under fire again on Thursday....
...Dolce & Gabbana set a record when it auctioned off a nine-piece collection of NFTs for $6m in September; a Morgan Stanley report boldly predicts that metaverse gaming and NFTs is a €50bn annual revenue opportunity...
...Last week, Morgan Stanley downgraded Gap to “underweight,” citing lower margin expectations for the year ahead....
...Players of Fortnite, developed by Epic, were able to purchase an in-game currency known as “V-bucks” online, but these credits would not show up when playing on the iPhone....
...When Apple appealed against the one loss, a higher court granted its request and postponed the lower court’s order to open up the App Store to rival payment platforms....
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