Hints and tips:
...The defunct retailer Sears launched the Discover card in the 1980s, eventually appending it to the Dean Witter retail brokerage. In the 1990s, the pair merged with the posh Morgan Stanley....
...to communicate with the buy-side in advance of block trades and trained its employees on those policies; (v) MORGAN STANLEY has no prior criminal history of any kind, including no prior NPA or DPA; and...
...Well before his Morgan Stanley deal, Purcell was first a McKinsey consultant and then an executive at the department store Sears who led its financial services strategy....
...“I think this is going to be a have/have not holiday season,” said Mark Cohen, a Columbia Business School professor and former CEO of Sears Canada....
...As Morgan Stanley writes: The main desktop CPU architectures — x86, Arm, and maybe RISC-V too — have decades of software toolchain investment behind them, have huge developer communities and mature development...
...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...wirehouse brokers to ensure that across the Midwest, the advisory relationship between Bob Roberts III and Bill Williams IV gets passed down intact to Bob “Chip” Roberts IV and Bill “Scooter” Williams V....
...Arne Jacobsen cutlery (1957) Stanley Kubrick had an eye for finding objects that seemed to belong to the future even if they already existed....
...And to be clear, there have always been big companies, right? Standard Oil existed. Sears was once a dominant retailer....
...Roebuck catalogue....
...Arrival’s deal with Kensington Capital Acquisition Corp V values the company at $524mn....
...Then, earning power was recognised as a sensible basis for public share ownership and companies such as Sears Roebuck became market leaders....
...Next day at an auditorium on Times Square he talked about the need to take risk, much more risk ‘we need you all to take $100m of daily V@R’ just like Goldman does....
...“The previous bear market was such a ‘V’. [Stocks] went down and came roaring back,” he said. “I think this one is going to exhaust people.” Additional reporting by Jennifer Hughes in New York...
...In any event, when or if a recession does arrive, Morgan Stanley believes the high-yield bond market’s response will look less extreme....
...Meanwhile Jon Pruzan, chief financial officer at Morgan Stanley, said the bank’s clients were “very active and engaged”....
...As always, reach out to Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts, comments and suggestions. Happy reading!...
...Morgan Stanley beat the rush to declare in November that 2022 would be “the year of the stockpicker”....
...It all started with Sears. At the end of the 19th century, Chicago-based Sears, Roebuck & Co’s catalogue was a monster, a doorstop manifesto of capitalism geared to homesteaders and smallholders....
...Mike Lewis, head of US equities cash trading at Barclays, said that while he expected the drop in the stock market to be shortlived, investors were no longer baking in a powerful V-shaped recovery....
...This helps explain this chart, from Morgan Stanley, showing private oil company capital investment and the oil price: Oil prices have risen, but oil companies aren’t chasing the prices with higher production...
...So Half-Life’s Source engine was used to create mods that went on to become influential games, including narrative ghost story Dear Esther and mind-bending office drama The Stanley Parable....
...Spending on private jets by US companies increased during the pandemic with top executives at the likes of Morgan Stanley and PepsiCo using the planes for personal travel — including for holidays....
...The EU drug regulator is also to launch an investigation next week into whether clinical trials of Russia’s Sputnik V Covid-19 vaccine contravened ethical and scientific standards....
...Many states and large companies intend to turn general green promises into action to cut carbon in the next few months. This is not going to be an easy or V-shaped recovery....
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