Selected Reads

Smartkarma

Equity Bottom-Up

<p><em>Our guest on the podcast today is New York Times economics reporter Talmon Smith. Before joining the Business desk, he was a staff editor for the Times Opinion section covering public policy, economics, and culture. He began his career as a researcher and visiting scholar at NYU’s Journalism Institute and was assistant to the editor in chief at GQ magazine. He graduated from Tufts University with a major in history.BackgroundBioTwitter handle: @talmonsmithEconomy, Inflation, and the Great Wealth</em>…</p>

<p><em>Several Big Tech companies have recently announced job cuts - and they pinned their decisions on a pandemic-induced hiring spree. But is that actually what’s driving the cuts? We sat down with the FT’s US financial commentator Robert Armstrong to get the full picture. Clips from Reuters, MSNBC, Yahoo Finance- - - - - - - - - - - - - - - - - - - - - - - - - - BTM listeners, we want to know what you think of the show and what you want to hear more of. Visit ft.com/btmsurvey to submit your</em>…</p>

BondEvalue

Credit

<p><span style="">Mexico’s </span>finance ministry announced on Friday that it has received a payout of $2.38bn from its annual oil hedging program, which will cover 80% of the revenue lost due to falling oil prices. Mexico began its oil hedging program in the early 2000s designed to protect the economy from a crash in oil prices. Reuters reported that the hedge, the largest financial oil deal in the world, was at a price of $49/barrel. Alberto Ramos, head of the Latin America research team at Goldman Sachs said, “Given…</p>

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<h3><span style="color: #666666; font-size: 14px;"><span style="color: #f88066;">JPMorgan</span> expects that the curbs and sanctions imposed by US on several Chinese companies could affect ~$55-$60bn of bonds with forced index related selling. 44 firms were listed by the Defense Department and Reuters reports that a number of them have been cut or delisted from either various equity indices or the NYSE. But fixed income markets are still grappling with the impact as many bonds are issued through subsidiaries rather than main companies as per Reuters. New president Joe Biden has</span></h3>…</div>
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<p><span style="color: #f88000;">JPMorgan </span>expects that the curbs and sanctions imposed by US on several Chinese companies could affect ~$55-$60bn of bonds with forced index related selling. 44 firms were listed by the Defense Department and Reuters reports that a number of them have been cut or delisted from either various equity indices or the NYSE. But fixed income markets are still grappling with the impact as many bonds are issued through subsidiaries rather than main companies as per Reuters. New president Joe Biden has…</p>

Canada

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