Hints and tips:
...Map of the day Anchored 200km from Rio de Janeiro is the P-71 floating production unit, one of the newest offshore oil platforms transforming Brazil into a global energy power....
...Wilson looks at forward P/E and forward P/sales ratios, comparing current levels to their post-financial crisis medians. Few look cheap....
...Meanwhile, the S&P 500 posted a total return of 17 per cent in the first half of this year and the US Federal Reserve funds rate, a proxy for risk-free returns for investors, is 5.25 per cent....
...US home prices grew at a slightly slower pace in September, according to S&P CoreLogic Case-Shiller index data released on Tuesday....
...The S&P 500 index rose about one and a half per cent. Oil prices also fell back from their steady march upward....
...I was like, oh yeah, I don’t think anyone here in the West are taking work meetings until 11:30 p.m. on a Saturday or Sunday night....
...The S&P 500 rose 0.2 per cent on Wednesday, setting a new closing record. The tech-focused Nasdaq Composite dropped by less than 0.1 per cent....
...“We’re cutting down huge areas of rainforest which are not easy to rebuild,” said Daniela Schmidt, professor in palaeobiology at the University of Bristol....
...Steve Schmidt, a Lincoln Project founder, this week threatened “a brutal corporate pressure campaign” that would seek to “foment employee rebellions and shareholder revolts” at companies that had donated...
...The S&P 500 fell almost 5 per cent last week, and the Vix volatility index rose to its highest level since June....
...The company expects free cash flow for the year — the first time since 2013, according to S&P Global data. Netflix was quick to point out that it remains in growth mode....
...“That will have the biggest impact overall,” said Ms Schmidt. “It’s not sector-specific — it would hit everything.”...
...“The opportunity in this market is to figure out where the mispricing has happened,” Ms Schmidt said. “If you see through the disaster there will be opportunities.”...
...“There’s so much demand there that originators can keep the rate higher and capture the economic benefits,” said Stephen Lynch, analyst at S&P Global....
...“This is one of those critical inflection points,” said Susan Schmidt, head of US equities for Aviva Investors Americas....
...New York governor Andrew Cuomo has invited former Google chief executive Eric Schmidt to help lay out how to reopen the state....
...We just wiped out a year and a half of job growth,” said Martha Gimbel, a labour economist at Schmidt Futures....
...Dell's shares have underperformed the S&P 500 since returning to public markets through a merger with publicly traded VMware in December 2018....
...Other changes came earlier in the year, such as allowing S&P Global, the New York-based credit ratings firm, to start scoring domestic Chinese bonds....
...Mr Schmidt, therefore, would have to sit out so many Apple meetings that his “effectiveness . . . [would] be significantly diminished”....
...“In 1976, 16 per cent of the value of the S&P 500 was intangibles [but] today intangibles comprise almost 90 per cent of the S&P’s total value,” he noted....
...Despite small decreases in overseas revenues for the past couple of years, nearly half the sales of the S&P 500 come from abroad....
...The S&P fell 6.8 per cent in October. “We have de-levered our portfolio, reduced our tech exposure meaningfully, and grown our short book,” the fund said....
...Campbell countered with an offer for two directors, who they chose out of Third Point’s candidates: Sarah Hofstetter, president of ComScore, and Kurt Schmidt, a former chief executive of Blue Buffalo....
...Google and Schmidt are donors to New America, and Schmidt himself was chairman of the think tank until last year....
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