Hints and tips:
...New products — including the folding Pistol Carbine and the M&P 5.7 handgun — accounted for almost one-third of its $114.2mn in first-quarter revenue....
...As a result of the tariffs, shipments arriving directly from China now account for less than 15 per cent of US imports, down from more than a fifth in 2017....
...Additional contributions from Tee Zhuo and Gordon Smith...
...Economic data: S&P Global publishes its manufacturing and services purchasing managers’ indices for the US....
...US housebuilder Smith Douglas kicked off this year’s IPO efforts stateside this month; its shares are still about 15 per cent above the listing price....
...Also, Daylight Saving time begins, with clocks going forward one hour....
...JPMorgan Chase yesterday agreed to pay up to $290mn to settle one of two bombshell lawsuits over its 15-year relationship with Jeffrey Epstein....
...Here’s what else I’m keeping tabs on today and over the weekend: Economic data: Durable goods orders as well as S&P’s flash manufacturing and services PMI data are released in the US....
...“And he would reply, “Oh no, I’d rather call you Miss Smith because we have a professional relationship.”...
...Smith & Wesson shares trade at about 6 times forward earnings. Sturm, Ruger is double that but at a one-third discount to the S&P 500 index, according to S&P CIQ....
...(Ethan Wu) One good read Hope springs eternal....
...Bob Iger, who served as Disney chief executive for 15 years, has replaced successor Bob Chapek after a rocky tenure that lasted just 33 months....
...DD’s Robert Smith explains how the deal ended up costing them hundreds of millions of pounds....
...Marc Filippino So Colby, markets like this, at one point the S&P 500 was up 2 per cent after the Fed announced this news, but real people are going to be affected by this, right?...
...The S&P 500 ended the day nearly 2 per cent higher. Here’s our US economics editor Colby Smith with more....
...The exercise, called Jade Helm 15, stood for “homeland eradication of local militants”, according to one of the right’s dark fantasy sites....
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
...Today, among UK-based funds tracked by Morningstar, 25 that invest in US large-cap stocks are at least 15 years old. Let’s say you had started following them 15 years ago....
...The S&P 500 finished the day almost 2 per cent lower. Brent crude oil prices slipped nearly 4 per cent....
...Smith & Wesson is also inclined to pay out cash to its shareholders....
...James Smith (ING): None of the recent recessions, or downturns [in the] last 30-40 years are likely to exactly resemble the one that we, and most economists, are predicting for next year....
...“People are flat out right now, whether that be equity capital markets bankers, M&A bankers, lawyers — the City is definitely full with transactions,” said Duncan Smith, head of European equity capital markets...
...He joins from Herbert Smith Freehills....
...We also have another 15 providers of ESG, in one way, shape or form. I don’t think ESG is an alternative anymore. The second thing we did was we had some of our “special sauce”, which is important....
...I'm not very sociable. I don’t do office gossip and don’t enjoy the parties and find doing presentations in meetings, at conferences, etc uncomfortable....
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