Hints and tips:
...Vinted and Morgan Stanley declined to comment....
...At $170bn, its market valuation towers over that of Goldman Sachs, Morgan Stanley and Citigroup. Intuit is best known for its small-business accounting and DIY tax-filing software....
...Baker Tilly secured a $1bn investment led by H&F in February. Buyers are spotting an opportunity that has played out inside their own industry....
...Billionaires Ken Griffin, Stanley Druckenmiller, Paul Singer, and Warren Stephens spent combined more than $13mn helping Trump’s rival Nikki Haley in the primaries; Jeff Yass spent roughly $5mn for Vivek...
...Stephen Stanley, chief US economist at Santander, said that although January’s 353,000 jobs figure was “exaggerated by seasonality”, the data was “strong across the board”....
...Stephen Stanley, chief US economist at Santander, described the Fed’s statement as a “nice balance between getting rid of the hiking bias but adding that they are not close to easing yet”....
...Economists at Morgan Stanley also believe the Fed will start lowering rates then but only by 1 percentage point over the course of 2024....
...Billionaire investor Stanley Druckenmiller, traditionally a big GOP donor, announced his support on Monday and New York-based donor Eric Levine said he would host a fundraiser for Haley in early December...
...Either way, Morgan Stanley’s Zentner warned that the next couple of months would be tumultuous given the uncertainties clouding the outlook....
...federal campaign finance disclosures released on Monday covering the first half of the year, outside spending groups supporting Ron DeSantis, the Florida governor, received a $20mn donation from Robert Bigelow...
...“It could come down to what the PMIs are showing in August,” said Jens Eisenschmidt, chief Europe economist at Morgan Stanley. “If it stays at current levels then the ECB can raise rates once more....
...H&M’s chief executive Helena Helmersson has quit after just over four years in the top job as the Swedish fast-fashion group struggles to improve profitability....
...Stephen Stanley, chief US economist at Santander, said “the new language reveals somewhat of a hiking bias”....
...Ten monumental volumes in its first iteration, the book was launched at a grand dinner with a speech from prime minister Stanley Baldwin broadcast live on the BBC....
...Strikes, seasonal factors and you guessed it, the weather, said Morgan Stanley....
...Goldman Sachs and Morgan Stanley will deposit $2.5bn each, while five other banks will each deposit $1bn....
...Morgan Stanley and Goldman Sachs, which as investment banks have relatively small deposit bases, were among the last to join, but kicked in $2.5bn apiece to show support, two people said....
...Ellen Zentner, chief US economist at Morgan Stanley, said the complex economic backdrop meant Powell was right to send a “very vague, very soft” signal....
...And as Morgan Stanley’s Mike Wilson points out, today’s inflation is particularly menacing for margins, with producers’ input inflation falling more slowly than consumers’ price inflation....
...Fortunately for those of us who’ve had their fill of asparagus and goat’s cheese filo tarts, Morgan Stanley has taken the data out of the dinner party....
...The life of Thomas H Lee The deceased private equity billionaire grappled with personal issues and struggled to capitalise on the past two decades’ buyout boom, the Wall Street Journal reports....
...Julian Richers, an economist with Morgan Stanley, said Powell’s speech helped dispel the view the Fed might be swayed to loosen policy as the economy slows....
...For similar reasons, Morgan Stanley warned that the US was entering a bear market. Both views are a minority....
...“The reality is that they will have to go past neutral in order to slow the economy,” said Seth Carpenter, who spent 15 years at the central bank but is now the global chief economist at Morgan Stanley....
...Your newspaper published a letter (May 31) from Stanley Kao, former representative of the Taiwan authorities in the US, deliberately distorting and smearing the policy and position of the Chinese government...
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