Hints and tips:
...Pension funds and insurance companies, in particular, have an opportunity to lock in an asset mix that matches their liabilities. But while demand may explain spreads, it does not justify them....
...Productivity-hype bubbles are usually separated by at least 25 years and usually form at the end of a secular bull market, when aggregate profits are coming under pressure, say Garthwaite et al....
...They followed the Pinault family of Ch Latour et al, who, in 2013, bought what is now called The Eisele Vineyard from the Araujos, and were so confident of their savoir-faire that they didn’t even impose...
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per cent or more)....
...Al-Shifa hospital withdrawal: Israeli forces have pulled out of one of the biggest hospitals in Gaza after claiming the two-week security operation was a success. 3....
...His son Lachlan will inherit the company and potentially costly legal baggage....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...The questions private credit lenders are being asked are the same ones banks often face from the Federal Reserve on their risky lending activities: how rigorous is your underwriting, and will these companies...
...al)....
...Policymakers yesterday signalled that interest rates would need to remain higher for longer, diverging from the US Federal Reserve....
...Pension reform has come under the spotlight as research by Ondra Partners shows holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to...
...Today’s top stories The US Federal Reserve announces its decision on interest rates at 2pm ET/7pm London today. Check back here for details and reaction....
...Given how volatile the data was during Covid-19, Williams et al suspended their estimates until May....
...Everyone expects Jay Powell et al to say “no rate increase today, but maybe in a month”....
...say Jonas et al. Yes it can! Look! And look! And look! That’s Tesla on an EV of 28.3 times 2025 ebitda, per Morgan Stanley forecasts, which is more expensive than Nvidia’s 25.3 times ebitda....
...And yet consumer insurance remains largely undisrupted. The biggest motor insurers in the UK, for example, are the same ones that were around a decade or two ago — Aviva, Admiral, Direct Line et al....
...Grupo Nutresa: After taking control of Colombia’s biggest food company, billionaire Jaime Gilinski and Abu Dhabi’s Sheikh Tahnoon bin Zayed al-Nahyan now plan to challenge Nestlé and Mondelez in low-to-middle...
...The percentage was higher for those without insurance, reaching 42 per cent....
...What about how concentrated the stock market gains are with Nvidia, Microsoft, Google et al? I mean, shouldn’t that weigh against this rally? What about that? Katie MartinMaybe yes....
...US bank turmoil: The Federal Reserve will release its highly anticipated report into the collapse of Silicon Valley Bank and, separately, the Federal Deposit Insurance Corporation reports on how it supervised...
...Here’s Citi’s Andrew Coombs et al. then: For the European banks, we see less risk of deposit flight and believe they have more liquid balance sheets....
...Shares in other banks considered to have some degree of asset-liability mismatch (Western Alliance, Zions et al) only saw their shares wobble a little bit yesterday....
...Isn’t it high time the regulators increased oversight on Blackstone and Apollo, et al, as this relatively new and powerful group of financial titans continue their march to the top of the heap on Wall Street...
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