April 20 (Wednesday)
Latest Morning Briefing Executive Summary: Corporate Finance In Focus
Today, we roll up our sleeves, lift the hood, and take a close look at the mechanics of corporate finance. … We show how corporate America’s record levels of profits and cash flow are deployed. … We also show how a lack of understanding of corporate finance has given rise to some blatantly false notions of progressives—e.g., that share buybacks drive better stock-price performance and that money used repurchasing shares and paying dividends detracts from what’s available to spend on workers and capital investments.
(subscribers’ link)
YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on April 18.
Markets
Dow adds 499 points, Nasdaq climbs 2% as investors shake off slow start to week | C
Stocks Close Higher as Earnings Season Ramps Up | W
Oil prices rise 1% after sinking in previous session | R
Central banks
Fed’s Bostic expresses caution about the pace of interest rate hikes | C
Global
IMF cuts global growth forecast due to “seismic waves” from Russia’s war in Ukraine | R
US
Bank of America CEO says spending is healthy despite roaring inflation | C
U.S. forgives 40,000 student loans, provides aid to 3.6 million more | R
Why did Congress let the expanded child tax credit expire? | Vox
Geopolitics & trade
Russia begins a new phase of its war in Ukraine | E
New surrender deadline in Mariupol as West promises Ukraine more arms | R
Industries & companies
Airlines: Airports, Other Transit Split on Requiring Masks After Federal Mandate Is Dropped | W
Media: Roku, Disney, other streaming stocks slide after Netflix report | C
Media: Netflix is exploring lower-priced, ad-supported plans after years of resisting | C
Media: Netflix warns password sharing crackdown is coming | C
Pharma: How China’s Sinovac compares with BioNTech’s mRNA vaccine | E
Virus
Covid: TSA will not enforce mask mandate on public transit after court ruling | C
Biden administration will appeal lifting of mask mandate, if CDC agrees | R
Corporate finance
Blackstone Bets on Campus Housing With $13 Billion Acquisition | W
