Hints and tips:
...are holding back spend until they see more certainty in the advertising market”....
...Channel #3: Rising distress among end-investors driven by larger than expected liquidity mismatches....
...Unhedged: That rhymes with the Department of Justice vs Apple case that may be coming in March....
...Meanwhile, a strike over writer pay has been raging on for months....
...Techs vs transports Four of the five mammoth technology companies (Meta, Amazon, Alphabet and Microsoft) have now reported, and colour us impressed....
...The outlook is mixed for that other rolling UK story: the surge in strikes....
...We see core inflation holding above 3 per cent through 2024 and 2025, underpinning our view that whilst the BoE can ease in 2024, bigger cuts will not be an option....
...The Fed, he added, is still holding out for “substantially more evidence” that inflation is coming down for good....
...Logistics giant JD.com, Tiger’s single largest public stock holding, slid 13 per cent....
...Tom di Galoma, managing director at Seaport Global Holdings, described the fall as a “capitulation trade”....
...They just call balls and strikes. But frankly, they’re not....
...Ark, which holds a significant position in the electric carmaker, was bullish on its prospects, estimating that its share price could reach $3,000 by 2025....
...For households, it’ll come down to wage settlements vs inflation....
...The 14-year-old company will merge with 890 Fifth Avenue Partners, a special purpose acquisition company that raised $288m earlier this year. 3....
...(FT) Millionaires vs billionaires Wentworth, the prestigious English golf club, has a new Chinese billionaire owner....
...Canadian Pacific strikes biggest deal of 2021 Two rail operators inked the largest takeover deal of the year this weekend....
...The arrival of Amy Coney Barrett in October, replacing the late Ruth Bader Ginsburg, gives the court a 6-3 conservative majority after decades of a 5-4 split or control by a moderate block....
...He says that for 15 years, half of the carried interest he was entitled to from Vista’s premiere fund was filtered through a Nevis LLC called Flash Holdings, owned via bearer shares by a Belize foundation...
...About $900m of that debt will come due in Mr Trump’s second term, should he win the November 3 presidential election....
...We expect this segment to recover slowly and it may not return to its former size given the “Zoom revolution”. (3) On July 28th, the BBC reported that BA employees belonging to the Unite union could strike...
...Welcome to another working-from-home edition of #techFT, where the broadband network is still holding up, if not the mobile one....
...In a market where about half of the 3,700 listed companies are trading below book value, activists — already engaged in dozens of campaigns — see many more opportunities....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Finally, in the last two recessions, forward earnings have been cut by 40% and 20%, respectively, ahead of the low, vs current 3%....
...Black believes this “misperception” has weighed on Athene’s valuation “to the tune of as much as 3 multiples”....
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