DALLAS/NEW YORK/LONDON/HONG KONG ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – J.Rod vs. Steve Cohen – Chicken run LOVE DON’T COST A THING. Perhaps the only thing with more emotional attachment than a losing investment is a losing sports team. That could be why the auction for the New York Mets baseball team is heating up: Pop…"Breakingviews – Corona Capital: Mets star bidders, Robot slayers"
LONDON/HONG KONG ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Eurogroup – Seoul house prices – Corporate debt LUCK OF THE IRISH. The Emerald Isle has bagged another plum job. Finance Minister Paschal Donohoe was on Thursday elected chair of the Eurogroup of euro zone finance chiefs, pipping Spain’s Nadia Calvino. Fellow countrymen Phil Hogan and Philip…"Breakingviews – Corona Capital: Eurogroup, South Korea, Debt"
SAN FRANCISCO ( Breakingviews) – Turning the other cheek takes fortitude, but that’s what China could do in response to the U.S. government’s latest actions. It slapped sanctions on Chinese officials for abuses of Muslim Uighurs, escalating tensions between the two global giants. Beijing may want to drop a trade deal as punishment, but Chinese President Xi Jinping will want threats in his back pocket following the November election. The White House move to go…"Breakingviews – China can turn the other cheek, for now"
NEW YORK/DALLAS/LONDON/MUMBAI ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Nursing home investments – Travelers become owners – Walgreens’ LBO heyday HEARTY TO FRAIL. Nursing home and assisted-living may be in for an investment revamp. Fear of catching Covid-19 has reduced demand for the elderly facilities. Local governments are imposing costly measures to control outbreaks. And the…"Breakingviews – Corona Capital: Nursing homes, Airlines, Walgreens"
SAN FRANCISCO ( Breakingviews) – The U.S. Supreme Court just gave moguls who want to run America a reason to pause. Justices ruled on Thursday that a New York prosecutor can obtain President Donald Trump’s financial records. Congress had less luck in another case, but the decision clarifies what information White House occupants can keep under wraps. That sets a new bar for other business leaders who want the job. The former real-estate magnate flouted…"Breakingviews – Trump case gives mogul presidential wannabes pause"
NEW YORK/LONDON/MUMBAI ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – Ford – John Lewis, Boots MIDDLING KINGDOM. China’s economic recovery from the coronavirus pandemic has brought a rare bit of good news for embattled Ford Motor boss Jim Hackett. The $24 billion U.S. carmaker on Thursday unveiled its first quarterly sales increase in the country for almost…"Breakingviews – Corona Capital: Ford in China, UK retail implodes"
LONDON ( Breakingviews) – Britain’s transition to a zero-carbon future is experiencing growing pains. National energy regulator Ofgem said on Thursday it was halving the returns it would allow energy companies to make from operating gas and electricity infrastructure up to 2026. Its stance is understandable, but problematic. UK energy transmission and gas distribution companies, which include publicly listed heavyweights like $40 billion National Grid and overseas entities owned by Canadian pension funds and Hong…"Breakingviews – UK tests financial limits of green transition"
LONDON ( Breakingviews) – Alice was tired of studying for the CFA exams, the figures in the spreadsheet were blurry, she laid her head on the desk… Her first day at Tweedle Asset Management was going to be a busy one. She was escorted around the offices by a young staffer named Otto. Their first visit was to the bond team. Fixed income was Alice’s keenest interest. “Do you hold bonds for income?” she eagerly asked.…"Breakingviews – Chancellor: Wall Street is firmly in Wonderland"
LONDON/MUMBAI ( Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST – British homes – Up in the air EXTRA BOOST. British housebuilder Persimmon said on Thursday that revenue plunged more than 30% to 1.2 billion pounds for the six months ended June 30 after the housing market screeched to a halt during two months of lockdown as potential buyers…"Breakingviews – Corona Capital: British homes, Asian skies"
– Democratic presidential candidate Joe Biden on Thursday will propose boosting manufacturing and innovation by spending $700 billion in his first four-year term to procure more American-made goods for the U.S. government and invest in research and development. Biden will outline the plan, which the campaign said would create 5 million new jobs, in a speech in northeastern Pennsylvania, near his childhood hometown of Scranton. At the same time, Republican Vice President Mike Pence will…"Democrat Biden to unveil plan to boost manufacturing, innovation"