Hints and tips:
...“Now you’ve got the ECB saying April is on the cards for a cut and if not definitely by June,” said William Vaughan, associate portfolio manager at Brandywine Global....
...Here’s more on Microsoft’s plans for its new consumer AI unit....
...“Data points such as negotiated wage growth, compensation per employee and unit labour costs all continue to imply persistently high inflation in the medium term.”...
...It’s simply a 0.5 Sharpe ratio [it generates 0.5 units of excess return per unit of volatility], not a 3.5 Sharpe ratio. So it doesn’t feel like an inefficiency....
...Tina Smith, a Democratic senator from Minnesota who sits on the Senate banking committee, applauded the solution brokered by the Biden administration....
...US Federal Reserve chair Jay Powell has signalled that the cycle of rate rises may be over....
...And you know, things like that are just out of Jay Powell’s control. Katie MartinYeah....
...Take a break from the news Tina Turner, one of the best-selling recording artists in history, died yesterday aged 83....
...In the same way, UBS needs to hang on to Credit Suisse’s best wealth managers....
...The latest in the string of hot inflation data was a report released on Thursday that showed unit labour costs — the average cost of labour per unit of output — rose 3.2 per cent on an annualised basis in...
...“The theory of a dovish pivot has been squashed,” said Brian Kennedy, a portfolio manager with Loomis Sayles....
...units to retain control of after they go public....
...“As a manager, it’s really hard to give margin back.”...
...Toby Nangle, former global head of asset allocation at a fund manager....
...If there’s someone to thank for the dour year on Wall Street, it is Jay Powell....
...Morgan Stanley estimated this week that 78 per cent of all bitcoin units had not been used for any transaction in the past six months, a record amount....
...Demand was weak, with money managers preferring to hold cash or higher quality investments than lend to risky companies and private equity firms....
...According to their estimates, unit labour cost inflation is at 7 per cent — a level that has historically implied core CPI inflation of about 4 per cent....
...Democrats question Reckitt Benckiser’s plan to sell baby formula unit Lawmakers are urging the top US antitrust enforcer to scrutinise a proposed sale of Reckitt Benckiser’s baby formula unit to a private...
...In November, Jay Powell, the chair of the Federal Reserve, said the labour force was 3.5mn workers shy of pre-pandemic forecasts....
...Zero Asset Managers initiative’s methodology is “neither standardised nor rigorous”....
...They were net buyers of North American equities on Tuesday, according to a note sent to clients by Morgan Stanley’s prime brokerage unit....
...The warrants were issued against Ghosn, who was the architect of Renault’s alliance with Nissan, and the current owners and former managers of Suhail Bahwan Automobiles. 4....
...Economic data Economists forecast that sales of new homes in the US declined in April to 750,000 units, down from 763,000 in March....
...The Department of Commerce is expected to report that housing starts rose to a seasonally adjusted annual rate of 1.7mn units in February, compared with 1.6mn units in the previous month....
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