Today's Finance Pulse
Cemex secures $3 bn revolving credit facility
Cemex signed a five‑year, US$3 bn syndicated revolving credit facility to fund general corporate purposes, including refinancing existing obligations. The loan imposes a maximum consolidated leverage ratio of 3.75× net debt to EBITDA and a minimum coverage ratio of 2.75× EBITDA.
Also developing:
By the numbers: Pemberton Asset Management closes $3.7bn fourth vintage fund
Can AI Keep the Market Rally Going?
Jeremy Siegel, Wharton emeritus professor, argues that artificial‑intelligence‑driven equities are sustaining the stock‑market rally despite headwinds from higher inflation, surging oil prices, and an uncertain Federal Reserve policy path. He assesses the outlook for interest rates, noting that the Fed’s next moves will hinge on data rather than rhetoric. The discussion also examines bond‑yield dynamics, resilient consumer spending, and how AI‑heavy firms are reshaping market breadth. Siegel concludes that while risks remain, AI’s growth narrative continues to underpin equity optimism.
Gita Gopinath on Why Interest Rates Have Surged All Around the World | Odd Lots
Gita Gopinath, IMF deputy managing director and Harvard economist, explains why interest rates have surged across virtually every major economy. She argues that the bond market sell‑off reflects a fundamental shift from the pre‑pandemic era of ultra‑low rates to a...
BISness Podcast - A Primer on Tokenisation
Tokenization is the digital representation of financial assets on programmable platforms—often distributed ledgers—that embed ownership records and automated rules governing transfers. BIS speakers stress the technology remains nascent but could reshape how assets are issued, traded, settled and owned by...
Blencowe Boosts Orom-Cross with Updated DFS
Blencowe Resources announced an updated definitive feasibility study for its Orum‑Cross graphite project in Uganda, highlighting markedly stronger economics and a clear path to production. The revised model shows a 15% rise in net present value to $1.24 billion and a free‑cash‑flow...
Dell Raises FY27 Revenue Forecast by $27 B, Announces $1.6 B Share Buyback
Dell Technologies reported a record $43.8 B Q1 revenue, up 88%, and lifted its full‑year 2027 revenue outlook by $27 B. The company also repurchased 11 million shares at an average $147 per share and raised its dividend, signaling confidence amid AI‑driven demand...
Anthropic Raises $65 B Series H, Valuation Near $965 B, Overtaking OpenAI
Anthropic announced a $65 billion Series H round that values the AI startup at $965 billion, surpassing OpenAI. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoas, with strategic commitments from Amazon, Samsung, Micron and SK Hynix. The funding fuels a...
Sidus Space Secures $100 Million in Direct Offering to Accelerate Space‑Defense Push
Sidus Space closed a $100 million registered direct offering of 19.7 million shares at $5.08 each, adding to its cash runway and funding its shift toward higher‑margin, AI‑enabled space and defense solutions. The raise follows a $41 million equity infusion earlier in the...
Fragmentation Overtakes Volume as the Top Sanctions Challenge
Three years after Russia’s invasion of Ukraine, sanctions activity has shifted from rapid expansion to heightened fragmentation. In 2025 regulators issued roughly 4,000 new designations across 265 updates, a decline from the 2022 peak but still substantial. Divergence is now...
Cloud Spend Is Now a Governance Issue. Finance and IT Need a New Model
Cloud spending has evolved from a predictable IT expense into a dynamic, governance challenge that outpaces traditional budgeting cycles. Global public cloud spend now exceeds $700 billion and is projected to near $2 trillion by 2030, with 20‑30% of that cost deemed...
Fertitta Entertainment to Acquire Caesars in $17.6 Billion All‑Cash Deal
Fertitta Entertainment announced an all‑cash agreement to purchase Caesars Entertainment for $31 per share, valuing the deal at $17.6 billion, including $5.7 billion in cash and $12 billion of assumed debt. The transaction would take Caesars private, expand Fertitta’s casino empire, and trigger...
Fidelity's Digital Asset Division Grows Into One of the Largest Institutional Crypto Operations
Fidelity Investments has expanded its digital asset division, now ranking among the world’s largest institutional crypto operations. The move builds on a decade‑long effort that began with Bitcoin mining in 2015 and adds custody, trading and research services for institutional...
Why FinCEN’s New Rule Puts Manual KYB on Notice
FinCEN issued a proposed rule that shifts AML and KYB compliance from process‑centric checklists to effectiveness‑based outcomes. The rule signals that banks using innovative tools such as artificial intelligence will be viewed more favorably in enforcement decisions. It targets the...
Cemex Signs New US$3bn Syndicated Revolving Credit Facility
Cemex has signed a five‑year, US$3 bn syndicated revolving credit facility, dubbed the 2026 Credit Agreement. The loan will fund general corporate purposes, including refinancing existing obligations across the parent and its affiliates. The facility imposes a maximum consolidated leverage ratio...
Treasurers Turn Defensive as Volatility Becomes Business as Usual
Corporate treasurers are treating persistent market volatility as a permanent backdrop, shifting focus from reactive shock management to proactive balance‑sheet resilience. The 2026 Corporate Debt and Treasury Report shows 72% now expect volatility as business‑as‑usual, while only 8% cite material...
Kraft Heinz: Undervalued And Fighting For Market Share
Kraft Heinz (KHC) appears markedly undervalued, with three independent valuation models placing its intrinsic equity value between $51 billion and $54 billion, far above the current $28 billion market capitalization. Despite this, the company is losing U.S. market share and earnings have been...
Ranbir Kapoor-Backed Prime Focus Shares Gain 2% After Firm Returns to Black with Rs 82 Crore Net Profit in Q4
Prime Focus reported a Q4 FY26 net profit of Rs 82 crore (≈$10 million), reversing a Rs 231 crore loss from the same quarter last year. Revenue surged 42% YoY to Rs 1,375 crore (≈$165 million), while EPS rose to Rs 1.14 from a negative Rs 7.70. The firm faces...
Close the SaaS Data Gap with Hands‑On Deal Training
Most junior associates can build a model, Claude aside. Far fewer can tell whether the numbers going into it are real. That's the gap I hope to close with a new hands-on program, specifically for software deals, where "ARR," "retention,"...
AirJoule Technologies Announces $15.0 Million Registered Direct Offering of Common Stock
AirJoule Technologies Corp. announced a registered direct offering of 3,658,536 common shares, targeting roughly $15 million in gross proceeds. The capital is earmarked for commercializing the AirJoule Core and Prime water‑from‑air systems and for general corporate purposes. Combined with existing cash,...
BitGo CFO Reginelli Highlights 440% Revenue Jump and Debt‑Free Balance Sheet
BitGo posted $6.2 billion in Q4 2025 revenue, up 440% year‑over‑year, driven by digital‑asset trading, subscriptions and its new Stablecoin‑as‑a‑Service. CFO Edward Reginelli emphasized the company’s debt‑free capital structure while warning that staking fees will fall as crypto prices stay pressured.