Hints and tips:
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
...One good read Gary Gensler vs Wall Street....
...Sure, a CCC-rated PIK bond looks better than a defaulted bond in your portfolio. But, as S&P puts it when explaining why U.S....
...Uber’s return on capital last year was 3.1 per cent, according to S&P Capital IQ (ROC is basically after-tax profit divided by shareholders’ equity plus debt)....
...Exits in targeted non-U.S. markets are mostly done (9 of 14) and with line-of-sight on the rest....
...An investor opposed to the deal, Energy Income Partners, pointed out that this position was a U-turn from a bullish management outlook offered as recently as 2022....
...The slower expectations for the transition come as companies make U-turns on their climate pledges and governments double down on fossil fuels amid energy security concerns....
...The U-turn puts S&P at odds with debt rating rival Moody’s, which still rates ESG criteria on a one to five scale. S&P is influential, with debt ratings that can affect a company’s borrowing cost....
...The incoming shareholders include RedBird Capital, owner of AC Milan, and a new offshoot called Otro Capital run by former RedBird executives. Creed-star Michael B....
...(when the U.S....
...The largest, with about $13bn in assets under management, is Innovator Capital Management, closely followed by First Trust with $12.8bn....
...In United Housing Foundation, Inc. vs....
...s=46&t=uS_p1jt3N5TYYYWqkDeEiw Also 15 November 2022: “Bnk To The Future (the ‘Company’) announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc....
...The S&P 500 finished the day more than two and a half per cent higher. The tech-heavy Nasdaq gained just shy of three and a half per cent....
...As a result, the top three public builders . . . have seen their share of new home sales rise sharply post-pandemic (to 30 per cent of new home sales, vs 25 per cent pre-pandemic and 14 per cent post [great...
...Here’s our best attempt at taking a photo of the phone: OK, the Waystar Corp. of S1E3 now seems to be Waystar Royco Inc/WAY:NYSE, which plausibly could be a security representing a different class of shares...
...However you measure it, something like half of Japan Inc trades under 1 p/b....
...This means that on a spread per turn of net leverage, investors are now paid 3.5x and 8.9x more to own EM IG vs U.S. IG or EUR IG, respectively....
...Some companies might score well on environmental issues but badly on the G and S by, for example, being led by a tweet-happy technoking with a supine board....
...A modest proposal for Goldman Goldman Sachs partners are meeting in Florida this week after a difficult stretch, with 3,000 lay-offs, falling profits and a big strategy U-turn by chief executive David Solomon...
...The rating agency maintained the UK’s AA- investment grade but warned that the outlook was now negative rather than stable, mirroring the action taken last week by its peer S&P....
...Bond markets have an overlooked role financing fossil fuel expansion, according to a draft University College Dublin paper on investor impact entitled “Exit vs Voice vs Denial of Re-entry” and shared with...
...Here’s a thing that’s happening: Aug 11 (WSJ) - The U.S....
...Harnett writes: When you see a big move in the Z-score (today’s level vs three-year average all scaled by the volatility of the series over the same period) then the market can’t cope....
...While sustainable bonds — which include green and social bonds — are set to exceed $1tn later this year, according to a recent study from S&P Global, green bonds alone are projected to hit $1tn in 2023,...
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