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...Frankfurt-based asset manager Deka, which is a top 10 shareholder in Munich Re and a top 20 shareholder in BASF according to data from S&P Global, last year adopted a similar voting policy to ISS....
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...Some companies are limbering up and are worth a look. But don’t expect many personal bests in the near term....
...A triple-whammy of high interest rates, low energy prices and trade protectionism aimed at China were all challenges for solar companies, Schröder told me....
...Shares in the company, which declined 5.6 per cent on Monday, have fallen more than a third this year, making it the second-worst performer in the S&P 500 and underperforming those of legacy carmakers....
...Apple, on the other hand, was until recently the largest company by market cap (now it’s Microsoft), and it is still almost 6 per cent of the S&P 500....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...ArtFi 2024-1’s prospectus has further detail on the collateral backing the deal, which it notes can include “fine art, collectibles, design furniture, coins, books, jewelry, watches, wine or other spirits...
...We do not forecast the company will generate sufficient EBITDA to cover its substantial cash interest payments....
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...The first is a standalone public company — albeit with a lot of other businesses bolted on — while the latter two are part of broader listed companies, S&P Global and LSEG respectively....
...And while corporates have been the dominant buyers of equities over the past year, there’s $6tn of dry powder sitting in money market funds that could be dislodged by lower interest rates: The S&P 500’s...
...The S&P 500 is up 4 per cent year to date....
...The downturn in the eurozone’s struggling economy is easing, according to a closely tracked business survey, which found a stabilisation of activity at services companies offset a steep decline in manufacturing...
...The company’s stock price is down more than 5 per cent in 2024, after a strong fourth quarter during which time it rose more than 25 per cent....
...S&P’s move comes after Fitch raised the company to investment grade status in September. Moody’s lifted the company to the highest notch of junk territory in July....
...Berkshire has warned that figure could double or triple....
...Holders of the bond said they hope to get single-A credit returns with triple-A protection....
...Considering the S&P 1500 (narrower than Sharma’s sample of all public companies, but big enough to capture 90 per cent of the market) Nvidia alone has contributed a tenth of the total increase in market...
...A key advantage is that these triple A-rated bonds are backed by European sovereigns. With higher interest rates, we have seen international investors regain interest in the euro....
...There are still some big-ticket items outstanding from the G20’s report....
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