Know What's Happening in Finance
Know What's Happening in Finance
Klarna secures $1.7B risk transfer and $2B funding facility to boost lending
Klarna unveiled a $2 billion forward‑flow facility with Elliott Investment Management that will back up to $17 billion of U.S. loan originations over the next three years. It also completed a €1.7 billion Significant Risk Transfer led by Värde Partners, freeing capital for broader lending.
Also developing:
Rolls‑Royce Holdings PLC announced a share repurchase programme of up to £1.5 billion, timed with a report of record profits and a "spectacular" turnaround. The buyback is designed to return excess cash to shareholders while supporting earnings per share. It follows a strong recovery in the aerospace division, which has driven the company back to profitability after years of restructuring. Analysts view the move as a confidence signal that the turnaround is sustainable.
"Mean reversion applies to margins, multiples, and market sentiment." 🚀 Markets always swing, but smart investors know: extremes don’t last. Mean reversion isn’t just a theory—it drives margins, valuation multiples, and market sentiment.
If you want to read a piece that lays out the best bull/base case scenario, you should go read “Technological Revolutions and Financial Capital” by Perez. The book argues that every technological advancement follows the same framework as it relates to...
The episode breaks down Avenger Flight Group LLC’s recent Chapter 11 filing, detailing its rapid expansion into a global network of flight simulators and the massive debt that financed that growth, including a $155 million term loan and various secured leases....
⚠️WHAT IS HAPPENING IN JAPAN? The 4 largest Japanese life insurers, Nippon Life, Dai-ichi Life, Sumitomo Life, and Meiji Yasuda, had a combined ¥13.2 trillion ($86 billion) in unrealized losses on government bonds at the end of 2025. Losses have risen over...
The episode examines Vanderbilt Minerals, LLC’s recent Chapter 11 sale filing, tracing its roots back to the 1916-founded R.T. Vanderbilt Company and its evolution from paper clay mining to industrial talc production. It highlights the long‑standing regulatory challenges with OSHA...
SP New Energy Corp (SPNEC) plans a re‑IPO by 2027 after merging its assets with Meralco’s renewable arm MGreen. The move follows the successful energisation of the MTerra Solar project, a 3,500‑MW solar farm paired with a 4,500‑MWh battery system....
European banks and asset managers are increasingly tokenising gold, positioning it as the continent’s first trillion‑dollar asset on blockchain. The metal’s entrenched legal status, central‑bank reserve role, and existing custody standards make it a natural fit for regulated on‑chain settlement....
Everyone's worried about foreign countries dumping U.S. bonds, but here's what mainstream economists won't tell you about government finances. The link to the complete presentation is in the comments.
The Securities and Exchange Board of India (SEBI) will convene a board meeting on March 23 to revisit the conflict‑of‑interest and disclosure framework for its senior officials. The agenda, expected to cover around 20 items, also includes proposals to allow...
Nuveen Core Equity Alpha Fund (JCE) is a large‑cap equity closed‑end fund that employs a call‑overlay strategy to generate income. The fund offers an 8.14% distribution yield while trading at a 5.7% discount to NAV, supported by a sustainable, tax‑advantaged...
Nuveen Core Equity Alpha Fund (JCE) is a large‑cap equity closed‑end fund that employs a call‑overlay strategy to boost income. It offers an 8.15% distribution yield while trading at a 5.7% discount to NAV. The call‑overlay generates premium income but...
Wall Street’s top analysts are bullish on three AI‑adjacent stocks—Datadog, Vertiv Holdings, and Arista Networks—each receiving a fresh buy rating and higher price target. Datadog’s Baird analyst set a $180 target, citing a 25%+ operating margin and a large, untapped...
Nvidia’s earnings dominate this week’s market focus as AI‑chip demand remains a key driver. Home Depot and Lowe’s will report amid a housing‑market slowdown, while Berkshire Hathaway files its first post‑Buffett report under Greg Abel. Media firms Paramount Skydance and Warner Bros. Discovery revive...
Indonesia must orchestrate a record‑size share sale to lift the free‑float of 267 listed firms to at least 15%, up from the current 7.5% floor. The Indonesia Stock Exchange estimates the required issuance will total about 187 trillion rupiah (approximately S$14 billion),...
Lincoln International’s Private Market Index shows the $3 trillion private‑credit sector is growing in size but slipping in quality. Enterprise value rose 1.9% while EBITDA growth slowed and the “shadow default” rate more than doubled to 6.4% over the past year....
Enterprises are still paying for legacy telecom services that are unused, creating hidden cost leaks. A data‑first approach—digitizing invoices, consolidating contracts, and applying AI/ML analytics—provides clear visibility into service usage and pricing. Companies that adopt this model can shift telecom...
Recent market turbulence has exposed the volatility of AI‑driven mega‑caps and the collateral damage to firms that could be disrupted by artificial intelligence. Investors are uncertain about which companies will ultimately benefit, leading to sharp price swings in both directions....
Mergers & Acquisitions 101 M&A and how you can profit from it Here’s what you’ll learn: • What Is M&A? • Why M&A? • Types of M&A Deals • How M&A Works • Benefits of M&A • The Risks • Who Drives M&A? • The Hard Truth • Serial Acquirers 📚 Grab...
How much are stablecoins used to make payments? This is one of the trickier market-sizing questions. Luckily, @artemis and @McKinsey developed a new methodology to calculate Total Annual Payments Volume, estimated at $390B per year. More data in our @thestablecon report: https://t.co/upRya2aVyb
The VistaShares Target 15 Berkshire Select Income ETF (OMAH) tracks Berkshire Hathaway’s largest equity positions while also holding BRK.B shares directly. It enhances income by writing covered calls on these stocks, delivering a 14.3% distribution yield but capping upside potential....
[Sunday Muses] Agentic Banking is upon us. But where is Finance going? As AI agents begin to act autonomously inside financial systems, Dave & Dharm are poking us to Demystify Finance by asking the question: What is Finance's true North...
VictoryShares Free Cash Flow ETF (VFLO) received a reiterated buy rating, highlighted by a low 13.5× P/E multiple and a PEG ratio under 1.5×, indicating attractive valuation. The fund employs a barbell strategy, overweighting Energy, underweighting Information Technology, and maintaining...
The U.S. Supreme Court on Feb. 20 ruled 6‑3 that the International Emergency Economic Powers Act does not authorize President Trump’s tariff program, nullifying roughly $133.5 billion in collected duties and raising the total overhang to about $175‑$179 billion. Treasury Secretary Scott Bessent...
The episode examines the rising trend of private litigation as a tool to hold audit firms accountable, sparked by concerns over potential SEC Chairman Paul Atkins' moves to weaken the PCAOB. Host Francine McKenna references her Substack post and discusses...
The crypto market has erased most of the post‑2024 election rally, shedding roughly 40% of its value since the October 2025 peak. Total3 market cap surged from $600 billion pre‑election to $1.16 trillion in December 2024, briefly topped $1.19 trillion in October 2025,...
I used to lose an entire day just updating last month's numbers. Not because the model was complicated. Because I hadn't built it to survive the roll forward. Most models break the same way every month. A new account shows up that...
Larch Capital Partners, a Miami‑based advisory firm, reported $645.3 million in discretionary assets under management for the period ending December 31 2025, serving 323 clients. Its most recent 13F filing showed $729.1 million in managed securities, with a striking 93.6% concentration in the top...
1. Chart in original post shows the weaker USD (DXY) gets, the more flows will move into USD assets...& DXY had biggest drop in 52 yrs in 1H25👇 2. So as long as DXY keeps falling 10-15%/yr, foreign** inflows will grow **37%...
The episode examines recent trends in foreign direct investment (FDI) to emerging markets, noting that high‑frequency data shows a steady $10 billion per week inflow, while UNCTAD’s lagging figures report a 2% decline to $875 billion last year. It explores how short‑term...
The SPAC IPO Terms Tracker for the week ending February 20, 2026 shows a modest rebound in special‑purpose acquisition company listings, with 12 new SPACs raising approximately $1.8 billion in aggregate. Median IPO size slipped to $150 million, down from $165 million the...
The iShares MSCI Global Gold Miners ETF (RING) retains a buy rating thanks to its attractive valuation and strong technical momentum. Over the past year the fund posted a 157% total return, outpacing the S&P 500 by 145 percentage points, while...
Almonty seeks $112.5mn to advance Montana tungsten, Portugal Panasqueira expansion, and Korea Sangdong Mo drilling. https://www.metalnomist.com/2026/02/almonty-tungsten-funding-targets-1125mn.html
The Chefs’ Warehouse reported fourth‑quarter revenue of $1.14 billion, topping the $1.1 billion consensus. CEO Christopher Pappas highlighted sustained demand from upscale‑casual and higher‑end dining segments across domestic and international markets. The company also announced FY26 revenue guidance of $4.35‑$4.45 billion, roughly in...
Oppenheimer raised its price target on SharkNinja (NYSE:SN) to $145 from $140 and kept an Outperform rating after meeting management. Morgan Stanley and Guggenheim also lifted their targets, signaling broader analyst optimism. SharkNinja reported Q4 revenue of $2.10 billion, slightly above...
Negotiations between the WNBA and the WNBPA are stalled by disputed financials, with the league reporting a $50 million loss in 2024 and warning of "hundreds of millions" in losses under the union's latest proposal. Meanwhile, the league has collected nearly...
Our job is to identify leading sectors and industries early, find a low risk entry and let the market do the rest. 📈
10% equity drop could erase $7T and shave ~0.9% off GDP. Tech/AI capex and hyperscaler overinvestment raise downside risk. Trade insight: trim cyclicals & hardware suppliers. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
ECI Software Solutions has broadened its partnership with FormedAI to embed AI‑driven accounts payable automation into the e‑automate Cloud platform for North American dealers. The integration brings the same data‑capture and invoice‑processing engine that served self‑hosted users to cloud deployments,...
The latest LEI chartbook is up, and it's looking pretty good, if you believe this kind of indicator that is -> https://t.co/jA0iOD7MzE
AI doesn’t need to be sexy to move the needle. In Ep. 233 of The SaaS CFO Podcast, Luca Cartechini explains how AI is boosting support, dev productivity, and margins—without raising prices. Watch here: https://t.co/CvZiAzWspt #SaaS #AI https://t.co/DhDtGPTj5z
Microsoft Teams chat can be monitored using native Microsoft 365 compliance features and third‑party solutions. Monitoring requires an E5 license or an E3 plan with the E5 Compliance add‑on, after which admins enable communication‑compliance, assign roles, and create policies. Tools such...
Bitcoin for Corporations 2026 convenes CEOs, CFOs, treasurers, investors, and builders shaping the future of Digital Capital, Digital Credit, and Digital Equity. Join us next week in Las Vegas — or via livestream. https://t.co/jW0hqfQeeR
Michael Hudson argues that the shift from industrial capitalism to finance‑driven rentier capitalism has turned economic growth into rent extraction, eroding productivity and widening inequality. He traces the historical battle against landlord rents in 19th‑century Britain to today’s debt‑financed housing,...
High‑income entrepreneurs, especially Schedule C filers, face sharply higher IRS audit rates in 2024, with audit risk more than double that of previous cycles. The article outlines four primary triggers—aggressive expense deductions, persistent losses, mortgage‑interest miscalculations, and residency errors—that can flag...
Foreign institutional investors turned net buyers in February 2026, channeling roughly Rs 16,912 crore into Indian equities. This marks a sharp reversal from January’s Rs 35,962 crore outflows and a year‑to‑date net outflow of Rs 19,050 crore. The buying was uneven across sectors, with IT stocks...
The article walks readers through building a construction draw schedule that respects a typical capital stack of equity first, then debt, and finally an interest reserve. It highlights the iterative challenge of calculating the interest reserve when debt disbursements depend...
Chariot Plc announced a $20 million equity placing to help finance the acquisition of a producing oil interest offshore Angola. The deal, in partnership with Shell Trading and Etu Energias, targets Blocks 14 and 14K, which currently produce about 8,000 barrels per day....
The University of Chicago announced plans to sell its Center for Research in Security Prices (CRSP) for about $400 million, a modest price compared with its $11 billion endowment. The move reflects a broader financial strain: operating deficits have grown tenfold since...
The Supreme Court narrowed presidential tariff authority, prompting the administration to rely on alternative statutes and refusing refunds for collected duties. This creates a new layer of substitution and retroactivity risk that markets now price into trade‑policy expectations. For capital‑intensive...
