Hints and tips:
...(c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...It limits credit risk and is available on the exchange.”...
...However you measure it, something like half of Japan Inc trades under 1 p/b....
...(FT) — The making of ‘bad gentry’ after the abolition of the civil service exam in China, 1902-1911 (The Journal of Economic History, v Phenomenal World) — Zach Carter with a post on the real student debt...
...Fed chair Jay Powell is scheduled to provide welcome remarks by video at an event hosted by the St Louis Fed....
...Given the share price has almost doubled since then, surely his bankers would be okay extending Elon further credit to meet the tax liability? Other questions linger....
...If an asset can’t fully service the underlying debt, it of course matters....
...There were no bitcoin sales to boost the bottom line, the amount of pure profit zero emission credits sold declined both year-on-year and quarter-on-quarter and, to boot, Tesla boasted record automative...
...Today, as group executive for legal and commercial services, Cook leads a team of about 1,500 lawyers and other business professionals that look after legal, customer complaints and remediation....
...He will join the bank on June 1, per the WSJ. Citigroup has promoted Ignacio Gutiérrez-Orrantia to head of its investment banking operations in Europe....
...Putting all of this together, forecasting a return to 2019’s level of cash flow would be imprudent — yet Macy’s has another $1.3bn in debt to service. The happy ending for Macy’s is not doomed....
...Tesla posted an automotive gross margin, ex-credits, of 18.6 per cent in the first quarter....
...USA Inc — in other words offering a dire signal on the outlook”....
...Casting doubt on the merits of a V-shaped recovery is hardly an earth-shattering view....
...Small companies in consumer service sectors, without easy access to bank finance, have rapidly faced liquidity problems which are threatening to cause a credit crunch in China....
...Jamie Powell in London 26....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...In that case we get the much-discussed V-shaped recovery in the third quarter....
...“[W]e prefer companies that: (1) have a diversified game portfolio; (2) use M&A to add proven IP to their portfolios and aid audience diversification, and (3) have a relentless focus on live services....
...TATE has done sterling work on rebuilding its balance sheet and cashflow in recent years, reflected in FY20E ND:EBITDA (inc. IFRS 16) of 0.9x & 1.8x FCF dividend cover....
...In February, Wayfair also agreed a $165m revolving credit facility, just in case....
...Online purchases, where the card is not physically presented, will be charged a maximum of 1.15 per cent of the transaction value for debit cards and 1.50 per cent for credit cards....
...Relative forward P/E of software v semis, commercial & professional services v capital goods and C&P v transportation Bank of England stuck on hold — On Thursday there was consensus among UK policymakers...
...Neatly, these credits have no associated costs, and therefore count as pure profit....
...China, on a national level, is requiring more and more cash to service its debts....
International Edition