Hints and tips:
...“Shein is finding its merchant lock-in has been less robust than expected in light of Temu’s advances,” said Robin Zhu, an analyst at Bernstein....
...Which, as the IIF’s Robin Brooks observed, is a bit like an investor tweaking their historical returns to make them look better....
...From a paper by Chengyu Bai and Shiwen Tian of Shanghai Jiao Tong University (H/T former Alphavillain Tracy Alloway): We study the relationship between stock fund managers’ facial attractiveness and fund...
...The Federal Reserve’s weekly H.4.1 shows usage of the US central bank’s liquidity facilities, while the H.8 release details the assets and liabilities of US commercial banks....
...— Second, the Fed’s H.8 release indicates that bank lending to businesses has stagnated in recent weeks....
...The Jules Verne of investment research (H/T Adam Tooze) has left Credit Suisse after it was devoured by UBS....
...However, month-on-month (and seasonally-adjusted) the price of an egg collapsed 10.9 per cent in March, and the latest National Egg Review from the USDA has revealed the dire state of the market (H/T @riddleofsands...
...We’ll get more (albeit lagging) information on the deposit situation later today, when the Fed drops its H. 8 report on the assets and liabilities of the US commercial banking industry....
...The garden was designed by H Avray Tipping, who was at the forefront of the Arts and Crafts movement....
...I headed for D for deutzia and H for hydrangea and learnt new lessons. Have you yet tried a hydrangea called Runaway Bride or one called Renaissance?...
...(H/T the FT’s Antoine Gara for the below slide): You can see the shift here in SVB’s 2022 annual report. By the end of last year it only had $563mn worth of hedges left on its books....
...Here is the text of an actual bill that Ted Cruz — the Princeton and Harvard-educated one-time presidential contender and current Texas senator — introduced earlier this week (H/T Molly White): SENATE CONCURRENT...
Jackson Hole, John Malone, DraftKings and NNT on Christianity
...The latest factsheet reveals an interesting joint-top holding (aside from cash and alongside Freenome, a private UK biotech company): (H/T Tanay Jaipuria) Presumably, the ARK Venture Fund picked this $1mn...
...🤷♀️ [H/T The Browser newsletter.]...
The ‘what happened, why it happened and what it means’ post
...Today, it has more than 250 signatories, including Kering, Chanel, Nike and H&M Group. Daveu and Vigneron say they are keen to follow the pact’s example....
...“You needed a bit of an eye to see what it could be,” said Boyle, an engineer who runs an infrastructure construction company, Abergeldie Complex Infrastructure, in Sydney with his wife Robin, but had never...
...A-shares are stocks of mainland Chinese companies listed in Shanghai or Shenzhen that trade in renminbi, in contrast to H-shares, which are listed in Hong Kong and trade in freely convertible Hong Kong dollars...
...More recently, he worked with renowned hand-engraver Eddy Jaquet and Chinese sculptor Xia Hang, but he also partnered with fellow independent Swiss watchmaker H Moser & Cie earlier in the year....
...In the event, from Gordon Richardson in 1978 onwards — so Robin Leigh-Pemberton, Eddie George, and Mervyn King — each was reappointed for another five years....
...“If you become unisex, it puts restraints on creativity and that goes against diversity,” says Edouard Meylan, chief executive of the independent watch company H Moser & Cie....
...What else we’re reading From bagels to bedpans: rising costs are hitting companies everywhere The challenges facing H&H Bagels, a New York staple that has been in business for 50 years, are plaguing companies...
...“Running the buses creates a big increase in H₂ demand,” says Maekawa. The buses run all day, unlike cars that mostly stay parked....
...Man Group’s AHL, a fund co-founded by Mr Harding in the 1980s (he is the “H” in the name) and now a competitor to Winton, is posting some of its strongest performance in years....
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