Hints and tips:
...Marcus Björkstén, a portfolio manager at Fondita Fund Management, said some climate-focused funds had struggled to maintain returns because of fallout from inflation and high interest rates since the coronavirus...
...Barry Norris, chief investment officer at Argonaut Capital, said he had enjoyed a “stellar” month, thanks to bets against banks including Credit Suisse and First Republic....
...“The problem with Credit Suisse is that it was already suffering from deposit flight,” said Norris. “If you can’t stop the deposit flight then the only way out is to be taken over by a bigger bank.”...
...“It’s become a seasonal trade. Coal is very geared to natural gas, which is very geared to the weather,” said Norris....
...Marcus and Moriarity both like “necessity retail”, meaning high-traffic supermarkets in well-off suburbs. These have the appeal of acyclicality; people keep going to the grocery store in a recession....
...European equities opened lower on Tuesday, deepening a drop on Monday that Marcus Widén, an economist at SEB, said should “primarily be seen as a necessary breather after a very strong month”....
...Weaker than expected US consumer price inflation data released on Tuesday last week then gave stocks a further boost, with the S&P 500 and the tech-heavy Nasdaq Composite indices both enjoying their best...
...S&P this month downgraded Thames Water’s top-ranked class A debt to BBB-, the bottom rung of investment-grade, just one notch above junk....
...Even after Marcus Rashford’s red card and losing the lead, United looked to have won it through a second-half Bruno Fernandes penalty....
...Marcus Moore, a portfolio manager for Osterweis in San Francisco, said he does not pay much attention to specific ESG credit scores from rating agencies and that the numbers should not be a deciding factor...
...Since then the retailer has been grappling with a high debt burden, freight-cost inflation and sliding revenue, according to S&P Ratings....
...An elite background might help you get a job at a multi-manager. You would not stay there very long unless you boosted the P&L....
...The Wall Street benchmark S&P 500 rose 1.5 per cent to its highest level since August, marking its third straight week of gains with a 1.8 per cent increase....
...“There’s definitely an investment renaissance in the US right now,” said Paul Gruenwald, chief economist at S&P Global Ratings....
...I am somewhat surprised by this and ask Doctor P if he witnessed this himself. “The man just has a heart of gold, helping people.”...
...Its high-yield Marcus saving account is offering an interest rate of 3.3 per cent. Financial conditions have eased. Inflation metrics are beginning to look favourable....
...By 2021, wealth management alone accounted for nearly a third of after-tax profits for Morgan Stanley, triple the proportion of 2010, according to S&P Capital IQ....
...Now the waterfront — which forms part of Liverpool Waters, Peel L&P’s £5bn, 30-year project to transform the city’s northern docks — is taking on a new life itself....
...With inflation falling, but at a much more gradual pace than on the way up, the opportunity for [a] policy mis-step is greater,” said Marcus Brookes, chief investment officer at Quilter Investors....
...But he might have said “We’re looking for a buyer for GreenSky, we’re getting out of the Apple card partnership, and while Marcus is a nice deposit-gathering platform, we’re just not a consumer lender so...
...After missing out on a lucrative run of IPOs in Hong Kong around 2011, the corporate law behemoth launched a talent raid from its top three rivals, poaching Simpson Thacher & Bartlett’s Nicholas Norris —...
...The biggest black mark on Solomon’s efforts to transform Goldman was his expansion of the consumer banking business, a project that started under predecessor Lloyd Blankfein with the Marcus savings account...
...In May, a Chinese J-16 fighter intercepted an Australian P-8 maritime surveillance aircraft over international waters and released “chaff” including aluminium that was ingested by the engine of the plane...
...Take a break from the news FT Globetrotter got a first look at the new seafood restaurant Hav & Mar from Marcus Samuelsson....
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