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...The number of exits also fell sharply to 156, all bar five of which were via M&A. With a handful of companies expected to go public over the next 18 months, selectivity is key....
...They followed the Pinault family of Ch Latour et al, who, in 2013, bought what is now called The Eisele Vineyard from the Araujos, and were so confident of their savoir-faire that they didn’t even impose...
...They found that the standout stocks today are at much cheaper valuations than the stars of the 90s were, and while the valuations of the Magnificent 7 et al do look a lot like the “Nifties,” they tend to...
...“Structural reasons as well as the interest rate environment are both contributors,” said Jill Carey Hall, equity and quant strategist at Bank of America....
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...Asia-focused insurance and savings group Prudential highlighted this in results this week. Higher rates wiped almost $7bn from the company’s “embedded value” last year....
...Shares of companies with large auto-insurance businesses — ones that trade without the protection of Warren Buffett’s imprimatur, at least — have started to reflect those issues....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...But hospitals, insurance companies and others are creating roles to navigate and harness the disruptive technology, The New York Times writes....
...If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per cent or more)....
...COP28 president Sultan al-Jaber is also the boss of the Abu Dhabi National Oil Company....
...FSOC on Friday said it would monitor risks from a broad range of asset classes, companies and activities focusing specifically on issues pertaining to leverage, liquidity risk and maturity mismatch as well...
...say Jonas et al. Yes it can! Look! And look! And look! That’s Tesla on an EV of 28.3 times 2025 ebitda, per Morgan Stanley forecasts, which is more expensive than Nvidia’s 25.3 times ebitda....
...Elysian also offers a small selection of baked goods — muffins, scones, cookies et al — that are all made in house using butter or olive oil (rather than the mass-produced seed oils often found in commercial...
...“The EU is implementing Basel III in a way that these requirements apply to all banks — that provides an additional layer of safety in the prudential regulation of EU banks,” said Dombrovskis....
...Here’s Citi’s Andrew Coombs et al. then: For the European banks, we see less risk of deposit flight and believe they have more liquid balance sheets....
...The tests showed that all of the banks tested, including Bank of America, Citigroup, State Street and Wells Fargo, would meet minimum capital requirements despite projected losses of $541bn....
...It opens the doors to companies such as Paragon Solutions, run by the retired commander of Israel’s elite signals intelligence unit 8200....
...Kate Duguid, US capital markets correspondent A profile of the actress who plays Flo in the Progressive ads by Caity Weaver in New York Times gets at the nature of advertising, the insurance industry and...
...Plus if you really miss Brian Cox et al, you can slowly flick through the archive photographs while humming a haunting piano theme....
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...A significant number of shareholders backed demands for climate change plans from Goldman Sachs, Wells Fargo and Bank of America at meetings this week against the wishes of the banks’ boards....
...If we are right that consumer spending, despite some recent softening on the margin, is still at or above trend, that is another thing for Powell et al to fret over....
...And corporations of all types use longer-term currency swaps to hedge their own foreign currency bond liabilities (McBrady et al (2010), Munro and Wooldridge (2010)). The BIS’s suggestion?...
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