Know What's Happening in Finance
Know What's Happening in Finance
Flex to acquire Electrical Power Products for $1.1B
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1 billion in cash. The target contributes about $323 million of annual revenue and delivers mid‑to‑high‑teens EBITDA margins. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Also developing:
Medtronic’s MiniMed spin‑off has filed its IPO prospectus, proposing to sell 28 million shares at $25‑$28 each to raise roughly $742 million, valuing the company at about $7.44 billion. The NASDAQ listing will be led by Goldman Sachs, BofA Securities, Citigroup and Morgan Stanley, with pricing expected next week. MiniMed, a pioneer in wearable insulin pumps and continuous glucose monitors, generated $2.9 billion in FY 2025 revenue but posted a $196 million loss. Medtronic will continue to hold a controlling interest after the offering.
San Francisco International Airport announced Ronda Chu as its new chief financial officer. Chu will manage the airport’s operating budget, fiscal programmes, and revenue‑enhancement initiatives while overseeing finance, accounting, risk‑management, and procurement services. She brings more than 25 years of...
Citizens Bank’s Chief Information Officer Michael Ruttledge outlines how the institution’s "Next Gen Technology" initiative has driven a full migration of its legacy mainframe workloads to public cloud platforms Azure and AWS. Since joining in 2019, Ruttledge has overseen a...
The opening panel at the Energy Storage Summit 2026 focused on making large‑scale battery energy storage systems bankable. Speakers highlighted that roughly 80% of UK BESS capacity is underwritten by tolls or floor contracts, and no project above 100 MW operates fully...
The European Securities and Markets Authority (ESMA) issued a reminder that firms must verify whether newly offered perpetual futures and similar derivatives fall within the scope of existing CFD product‑intervention measures. The regulator highlights that many of these instruments, including...
Retired Vice Admiral William Hilarides has taken a senior role at Ventus Industrial, a private‑equity‑backed firm targeting the defense industrial base. He says his mission is to accelerate shipbuilding capacity and help portfolio companies produce at the pace the Navy...
The U.S. pass‑through business sector—partnerships, S corporations and sole proprietorships—now employs most private‑sector workers and accounts for roughly half of business income. Its growth stems from long‑standing tax advantages, especially the Section 199A deduction that lowers effective rates compared with C...
Communications Minister Solly Malatsi has recommended approval of Dell Technologies' Equity Equivalent Investment Programme (EEIP) renewal, extending the commitment for another ten years and pledging over R230 million into South Africa. The EEIP framework allows multinationals to meet B‑BEE targets through...
LMS, through its NPTN network, has entered the Bank of England’s Synchronisation Lab to pilot a synchronized settlement model for remortgages. The eight‑week test will run in a simulated Real‑Time Gross Settlement (RTGS) environment, splitting payments into earmark and settle...
The Cabinet Committee on Economic Affairs approved raising Powergrid's equity investment ceiling from ₹5,000 crore to ₹7,500 crore per subsidiary, while keeping the 15 percent net‑worth cap. The change enables the Maharatna CPSE to fund larger transmission projects, including UHVAC and HVDC corridors,...
Home Depot reported fiscal 2025 sales of $164.7 billion, a 3.2% increase over the prior year, driven by modest comparable sales growth. Fourth‑quarter sales slipped 3.8% to $38.2 billion, reflecting a shorter reporting period and lingering consumer uncertainty. Net earnings fell slightly...
GIVA, the Bengaluru‑based D2C jewellery startup, posted FY25 revenue of ₹518 Cr, an 89% jump from the prior year, while its consolidated net loss widened 23% to ₹72.3 Cr. The surge was driven by rapid offline store expansion, higher material costs and...
The U.S. market‑structure bill’s permissibility section would formally allow banks and their holding companies to own and transact in digital assets, effectively expanding the range of activities deemed permissible under the National Bank Act. Critics argue that simply placing an...
UOB's CFO Leong Yung Chee said the bank's provisions for commercial‑real‑estate exposures in Greater China and the United States are more than adequate as bad‑debt formation slowed in Q4 2025. Problematic US CRE loans represent about 1% of the local...
In this episode, Oracle SVP Hari Sankar discusses how finance is evolving toward automation, AI‑driven predictive insights, and seamless connectivity. He explains that finance has been slower to adopt new tech due to its high standards for accuracy, governance, and...
Water infrastructure is emerging as a hot‑spot for private‑equity investment, driven by stable cash flows and climate‑related demand. Ambienta has signed a non‑disclosure agreement to pursue an add‑on acquisition in the sector, signaling confidence in further consolidation. Meanwhile, Hg announced...
The U.S. Government can’t operate without it. Global economy can’t function without it. And Wall Street can’t trade without it. Yet most people have no idea what BlackRock actually does. Here’s how BlackRock built a $10 trillion empire that quietly controls everything:
The World Bank’s Board approved an $846 million IBRD guarantee, mobilising $1.41 billion in private financing for Kazakhstan’s Middle Corridor and rail operator KTZ. The funding will finance a 322.3 km Moyynty‑Kyzylzhar line, tariff reforms and institutional support, including IPO preparation. The project...
Secondaries Investor’s 2024 deal log shows 85 continuation vehicles closed, while an additional 40 vehicles are either launching or under review. Continuation vehicles, which allow private‑equity funds to extend ownership of select assets, remain a dominant tool for managing liquidity....
Democratic senators led by Elizabeth Warren introduced a bill that strips tax deductions and mortgage‑interest benefits from corporations owning more than 50 single‑family rental homes, while the Trump administration issued a memo banning institutional investors with over 100 such homes...
Large importers typically budget ocean freight as a fixed line item, assuming rates will stay within a narrow range. However, Xeneta data shows that container rates can swing 500% during crises and still move 20‑30% within a single fiscal year,...
A Visa‑PYMNTS Working Capital Index shows nearly 50% of Asia‑Pacific growth‑stage firms (revenues $50 M‑$1 B) lack usable working‑capital tools, citing mismatched product design. CFOs demand flexible, sector‑specific digital financing, especially virtual and commercial cards that act as short‑term funding sources. High‑performing...
The UK overdraft market has collapsed from £18 bn to £2.7 bn, leaving a £15 bn funding gap for SMEs. With high‑street banks pulling back, many small firms now finance day‑to‑day cash flow through personal credit cards and director reimbursements – a practice...
The 2025 Global Digital Shopping Index, commissioned by Visa Acceptance Solutions, found that 48% of shoppers used a mobile device for their most recent retail purchase, with usage exceeding 60% in the UAE and Saudi Arabia. Mobile browsing frequency is...
Hong Kong‑based stablecoin payments firm RedotPay is exploring a U.S. IPO that could raise more than $1 billion and value the company at over $4 billion. The offering would be underwritten by JPMorgan Chase, Goldman Sachs and Jefferies, with a potential New York...
Telefonica posted a modest revenue rise of 1.3% in Q4 2025, reaching €9.174 billion, and delivered €2.069 billion in full‑year free cash flow. The group expanded its access base to 326.1 million, driven by fibre and 5G uptake, while adjusted EBITDA grew 2.8%...
In this episode, Richard Turner, a seasoned finance professional and new GrowCFO mentor, shares his 40‑year, multi‑industry journey from accountant to CFO, highlighting how humility, core finance fundamentals, and curiosity enable successful sector transitions. He outlines the universal finance leader...
Finance leaders are confronting a rapid shift as AI and automation move from pilot projects to core operating models. Darren Cran of AccountsIQ stresses that technology alone won’t deliver value unless people receive training, clear ownership, and ongoing support. He...
In 2026 hedge funds are pouring tens of millions of dollars into alternative data, turning information velocity into a core competitive lever. AI-driven analytics have lowered the barrier to processing vast datasets—from satellite imagery to web traffic—shifting the edge toward...
The SEC’s new leadership is targeting the 40 percent decline in U.S. public companies by easing regulatory burdens, especially those that hinder share repurchases. It proposes reforming the safe‑harbor under Rule 10b‑18 to make buybacks more accessible to mid‑cap firms. Currently, the...
JPMorgan CEO Jamie Dimon warned that today’s aggressive loan‑making resembles the pre‑2008 buildup that led to the financial crisis. He said some rivals are taking “dumb” actions to inflate net interest income, while JPMorgan remains disciplined even if it means...
Equifax Canada’s Q4 2025 credit report shows total consumer debt rose to $2.65 trillion, up 3.1% year‑over‑year, driven by higher mortgage balances and a 4.5% jump in non‑mortgage debt. Non‑mortgage delinquency peaked at 1.73%, with the 26‑35 age group posting the highest...
State and local governments issued a record $498 billion in municipal bonds in 2024 and topped $580 billion in 2025, driven primarily by infrastructure, education, and transportation projects. The surge reflects a shift from waning federal pandemic aid to local financing for...
India plans to raise 1.79 trillion rupees (about $19.7 billion) by selling stakes in state‑run firms through IPOs by the 2029/30 fiscal year. The effort is part of a broader $183.7 billion asset‑monetisation drive announced by NITI Aayog, following an earlier phase that fell...
City Chic Collective posted a modest improvement in profitability for the fiscal first half, with underlying EBITDA jumping 86% to $6.5 million and losses from continuing operations halving to $3.5 million. Global sales slipped 0.4% to $69.2 million, driven by a 31.4% plunge...
ClearThink 1 Acquisition Corp. priced its $125 million initial public offering on February 24, 2026, with units slated to trade on Nasdaq under the ticker CTAAU. The SPAC is focused on merging with a financial‑services company operating in the United States and...
Japan's Ministry of Finance is weighing changes to its liquidity‑enhancement auction framework for government bonds, aiming to ease supply pressure on the super‑long end of the curve. From April, the mid‑term bucket could be narrowed from a 5‑15.5‑year range to...
The Swiss franc is consolidating its role as the premier safe‑haven currency, with EUR/CHF breaking below the 0.92 support level early this year. Analysts from RBC, Morgan Stanley and Credit Agricole argue that ongoing geopolitical tensions and weak economic data...
Why is the Blue Owl Tech BDC's NAV going UP when private credit sentiment is so bad? While it is primarily a private credit fund, the BDC does have a small equity portfolio, which mostly consists of a large chunk of...
Additional Major Earnings News to Track on February 24, 2026: 4. Tan Sri Dr Mohd Daud Bakar charged with unlicensed securities dealing The renowned Islamic finance expert is accused of unlicensed dealing activities. 5. United Plantations posts best results in 120 years FY2025 earnings...
Visa announced the acquisition of Argentina’s Prisma Medios de Pago and the fintech platform Newpay, marking a strategic push into Latin America’s payments ecosystem. The combined deal, valued at over $200 million, will be funded largely with cash. By integrating Prisma’s...
Adore Beauty posted an 8.7% year‑on‑year revenue increase to $111.9 million, delivering a record underlying EBITDA of $4.1 million, up 14.5%. The strong Black Friday‑Cyber Monday sales drove a 120‑basis‑point dip in gross profit margin, falling to 35% as discounting intensified. The...
Major Earnings News to Track on February 24, 2026 (Day 8 of Chinese New Year): 1. Petronas Dagangan Fiscal Performance 2. IOI Corp Quarterly Earnings Outlook 3. Construction Action Plan 2026-2030 Launch 🧵⬇️
The Structured Finance Association (SFA) and Bloomberg Index Services are co‑creating a new credit securities index that spans multiple asset classes. Designed to deliver consistent, transparent performance and risk metrics, the index will be embedded directly into Bloomberg Terminal workflows...
A client showed me her previous advisor's quarterly report. 47 trades in three months. She thought that meant he was working hard for her. When I looked at her actual returns over 5 years, something didn't add up.
BSTR could buy up to 21,000 additional coins at these prices when they de-SPAC. They’d then have a total of 51,000 BTC, not far from the #2 slot after Strategy. They’d also have the lowest cost basis of all big...
#IndiaWatch 🇮🇳: While the US builds tariff walls, India opens doors. India has just revised its tax treaty with France and lowered dividend taxes for investors. https://t.co/CWxHPKVvRY
I talked with one entrepreneur today that is building a prediction market. Crowds of humans are still better but AI is improving at a fast rate. Here is a prediction market for your Claws. Worth checking out. Not compensated by them.
NEW interviews from Maelstroms Chief Arthur Hayes The latest insights on Digital Assets Financial Markets and Web3 IssueWire https://t.co/2F1BFPGBJh
