Today's Finance Pulse
SpaceX files for record‑size IPO, targeting $50B‑plus raise and $1T valuation
SpaceX confidentially filed for an IPO slated for June 2026, aiming to raise at least $50 billion and push its valuation above $1 trillion. Founder Elon Musk holds roughly 44 percent of the company, giving him a net worth of about $823 billion. The filing positions the rocket and satellite maker among the most valuable public companies ever.
Also developing:
By the numbers: Berkshire Hathaway invests $10B in Alphabet's private placement
Bank of Jamaica Projects Inflation Up to 7.5% as Rate Holds at 5.5%
Bank of Jamaica policymakers warned that headline inflation could average between 6.0% and 7.5% over the next two years, while leaving the benchmark interest rate unchanged at 5.50%. The outlook reflects sharp commodity price spikes and a fragile tourism sector, raising questions about future monetary policy and the Jamaican dollar’s trajectory.
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Understanding Cash Per Share: Definition, Calculation, and Importance
Cash per share (CPS) measures a firm’s total cash divided by its outstanding shares, offering a direct view of liquidity per equity unit. The metric highlights both financial stability and potential capital inefficiency when cash piles up without productive deployment....
Bank of America Projects Record $190 Billion in U.S. High‑Grade Bond Sales for May
Bank of America expects about $190 billion of high‑grade corporate bonds to be sold in May, roughly $15 billion more than April. The surge reflects strong dealer demand and corporate urgency to raise capital ahead of higher oil prices and a robust...
UAE to Leave OPEC+, Cutting 13% of Cartel Capacity and Shaking Oil Markets
The United Arab Emirates announced it will withdraw from OPEC and OPEC+ on May 1, ending nearly six decades of membership and removing roughly 13% of the cartel’s production capacity. The exit gives Abu Dhabi freedom to lift its output beyond...
RWC Asset Advisors Dumps $47.5 M of MercadoLibre Shares, Raising Questions on Latin America Ad Spend
RWC Asset Advisors (US) LLC sold its full 24,608‑share position in MercadoLibre for an estimated $47.47 million, ending a stake that made up 9.4% of its assets under management. The exit comes as MercadoLibre’s stock slides and its advertising arm faces...
Cursor AI Agent Erases PocketOS Production Database, Sparking VC Risk Alarm
Cursor's AI coding agent mistakenly wiped PocketOS's production database, disrupting car‑rental reservations and prompting a recovery effort by Railway. The incident, occurring as SpaceX negotiates a potential $60 billion acquisition of Cursor, highlights emerging operational risks that venture capitalists must weigh...
KeyBank and Qolo Unveil KeyVC Virtual Commercial Card for Business Clients
KeyBank and fintech provider Qolo have launched KeyVC, a virtual commercial card program that lives inside KeyBank's Virtual Account Management platform. The solution lets corporate clients create, control and reconcile virtual cards alongside existing treasury tools, promising faster supplier payments...
#58867
Tradr ETFs announced the termination and liquidation of its 2X Long SNPS Daily ETF (ticker SNPX). Trading ceased on April 20, 2026 and cash proceeds of $24.6105 per share were distributed on April 29, 2026. The option symbol SNPX remains unchanged, but each contract...
Rocket Pharmaceuticals Secures $180 Million From Priority Review Voucher Sale
Rocket Pharmaceuticals sold its FDA rare‑pediatric‑disease priority review voucher for $180 million, extending its cash runway into the second quarter of 2028 and providing non‑dilutive capital for its cardiovascular gene‑therapy pipeline. The deal underscores the growing market for FDA vouchers as...
At The Money: How to Max Out Your Small Business Retirement Plan
In a Bloomberg "At the Money" episode, Dan LaRosa explained how small‑business owners and solo practitioners can maximize tax‑deferred retirement savings using SEP IRAs, solo 401(k)s and the Mega Backdoor Roth feature. He detailed contribution limits—up to $72,000 per plan—and showed...
Santander Pulls in US Deposits While Waiting for Deal to Close
Banco Santander’s U.S. digital platform Openbank has amassed $11 billion in deposits since its October 2024 launch, helping the bank lower funding costs by roughly $150 million. In Q1, U.S. loans rose 5% year‑over‑year and return on tangible equity climbed to 11.6% from...
RNDC Provides Update on Strategic Transactions
Republic National Distributing Co. (RNDC) disclosed that it is pursuing several strategic transactions to realign its business. It has signed letters of intent with Martignetti Companies for a portfolio of control‑state operations and with Columbia Distributing for the Pacific Northwest,...
#58866
Tradr announced the termination and liquidation of its 2X Long DDOG Daily ETF (ticker DOGD) with trading ending on April 20, 2026 and final asset distribution on April 27, 2026. Shareholders received a cash distribution of $13.8022 per share, equivalent to $1,380.22 per options...
AI Could Unlock 10 Margin Points of Growth for CFOs by 2029: Gartner
According to Gartner’s 2026 Finance Technology Bullseye report, CFOs who align artificial‑intelligence initiatives with broader finance‑technology investments could generate an additional ten percentage points of margin growth by 2029. The study, based on a survey of 314 organizations, finds three‑quarters...
Wednesday - April 29, 2026
In this episode of the Dividend Cafe, host Brian Seitel reviews a mixed market day marked by a dip in major indices, rising bond yields, and a surge in oil prices driven by Middle East tensions and the UAE’s exit...
How Elon Musk’s SpaceX Could Supercharge the Next IPO Frenzy
Elon Musk’s SpaceX has confidentially filed for an IPO, targeting a $2 trillion valuation and a $50‑$75 billion capital raise. The filing arrives after a steep 83% drop in IPOs in 2022 and a sluggish 154 listings in 2023, sparking speculation that...
Morningstar DBRS Confirms Lakeridge Health's Credit Ratings at AA, Stable Trends
Morningstar DBRS reaffirmed Lakeridge Health’s issuer and senior unsecured debenture ratings at AA with a Stable trend, emphasizing the province’s robust financial backing. The Durham‑region hospital is a key acute‑care provider for a fast‑growing population, yet it has posted consecutive...
Moody's Downgrades Northern Illinois University to Junk
Moody's Ratings downgraded Northern Illinois University’s issuer and revenue‑bond ratings to speculative‑grade Ba1, ending its investment‑grade status. The university carries about $301 million of debt and posted less than 1× debt‑service coverage in fiscal 2025. NIU cited a balanced current budget,...
Nvidia Could Generate More Cash Than Apple, Microsoft Combined — BofA Says It's Time To Pay Shareholders
Bank of America reaffirmed its Buy rating on Nvidia, setting a $300 price target that implies about 43% upside from the current $210 share price. The firm highlighted that Nvidia’s valuation is roughly half that of its Magnificent 7 peers, trading...
Figure Technology Solutions Reportedly Cuts Lending Costs by 117 Basis Points, Funds Loans Faster than Incumbents
Figure Technology Solutions (NASDAQ: FIGR) has leveraged its Cosmos‑based blockchain, Provenance, to shave 117 basis points off cumulative lending costs. The on‑chain architecture accelerates loan funding three to eight times faster than legacy platforms, enabling the firm to originate $17 billion...
Burnley’s 2024 Accounts Reveal Massive Loss Despite Player Profit
Burnley publish 2024/25 accounts. 🔑figures ⚽️ Revenue £72m ⬇️46% ⚽️ Wages £82m ⬇️12% ⚽️ Ave first team weekly wage £37,000 ⚽️ Underlying loss £74m ⬆️171% ⚽️ Player sale profits £59m ⚽️ Pre tax loss £29m ⬆️2% ⚽️ Player purchases £86m ⚽️ Player sales £100m ⚽️Borrowings in year £135m ⚽️Borrowings...
Morningstar DBRS Discontinues Credit Rating on TD Global Legislative Covered Bonds, Series CBL41
Morningstar DBRS announced the discontinuation of its credit rating for Toronto‑Dominion Bank’s Global Legislative Covered Bond Series CBL41, citing full repayment of the issue. The rating, originally initiated in 2014, was part of the bank’s broader covered‑bond programme, which saw...
What Can Structured Finance Do for Your Portfolio?
Structured finance, encompassing securitized assets, represents a $17 trillion market that remains under‑weighted in many institutional portfolios. Nearly two decades after the Global Financial Crisis, the sector has matured, featuring tighter regulation and demonstrated resilience. Securitized credit, especially agency mortgage‑backed securities,...
PayPal's New CEO Makes Venmo a Standalone Business Unit as Potential Buyers Circle
PayPal announced that its Venmo app will be spun off into a standalone business unit, creating three distinct segments alongside its core PayPal‑branded services and a payment‑services division that houses Braintree and crypto. The move, driven by CEO Enrique Lores,...
Morningstar DBRS Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2015-C31
Morningstar DBRS confirmed credit ratings for all remaining classes of the Wells Fargo Commercial Mortgage Trust 2015‑C31, assigning BBB (high) to Class C and stable trends to the other tranches. The agency noted $589.6 million of principal paydown since its May 2025...
CFOs Expect Smaller Finance Teams, Fewer Junior Roles Amid AI Push: Survey
A new Oliver Wyman survey of nearly 500 global CFOs shows finance headcount will largely stay flat or shrink over the next three years, with 30% planning reductions and 61% expecting less than a 10% change. The bigger shift is in...
Finance Ministry Caps Outlay for Schemes Pending 16th Finance Commission Approval
The Finance Ministry has imposed a cap on front‑loading expenditures for central sector and sponsored schemes that are still awaiting appraisal under the upcoming 16th Finance Commission cycle. Funding for these pending schemes is limited to the first two quarters...
Blue Owl and the Growing D&O and E&O Risks in Private Credit
Blue Owl Capital Corp. is confronting a wave of securities class actions and a derivative lawsuit that allege it concealed liquidity pressures and inflated valuations of its private‑credit funds. The suits claim the firm’s adviser doubled as the valuation designee,...
AI Won’t Replace Finance Teams—But It Will Redefine Them
AI is reshaping finance teams from execution‑focused units to strategic partners. By automating routine tasks such as transaction matching and report drafting, AI frees analysts to interpret data and drive business decisions. The real competitive edge, however, lies in redefining...
Pharmaceutical Executive Daily: Rocket Pharmaceuticals Sells Pediatric Disease Priority Review Voucher
Rocket Pharmaceuticals agreed to sell its rare‑pediatric disease priority‑review voucher for $180 million in cash, providing non‑dilutive funding as the PRV program was reauthorized in early 2026. Teva Pharmaceutical announced a definitive agreement to acquire Emalex Biosciences for up to $900 million,...
Be Careful What You Cap
Recent contract negotiations in Minneapolis, Denver, Baltimore County, and Oakland reveal that class‑size caps and workload limits are evolving from modest labor perks into hard constraints on school capacity. An 11% cut in class‑size caps in Minneapolis, combined with a...
The Budget Is Being Decided Right Now
Most higher‑education vendors are pursuing deals that have already been rejected because university budgets were locked months ago. Universities with July fiscal years finalize allocations in May‑June, following a planning cycle that began the previous October. This year’s budgeting is...
Dual Commencement: The Russell Index Shift to Semi-Annual Rebalancing
The Russell 2000 and 1000 indexes will transition from an annual to a semi‑annual rebalancing schedule, with updates in June and December. After 37 years of yearly adjustments, the change aims to reduce style drift and keep the indexes aligned...
Nvidia Hands New Accounting Chief $12.9M in RSUs
Nvidia announced that Intel veteran Scott Gawel will become its chief accounting officer on May 4, succeeding retiring CAO Donald Robertson. Gawel will receive an $800,000 base salary and new‑hire RSU grants worth $12.9 million, vesting over four years. The move...
Tropical Smoothie Café Whips up $270 Million in ABS
Tropical Smoothie Café has launched a $270 million asset‑backed securities program, pledging cash flow from existing and future franchise royalties, supplier rebates and other fees. The deal issues two tranches—Class A2 and M notes—with an anticipated repayment in May 2031 and a final...
I Lost 1 of My Businesses During an Economic Downturn. Here’s the Recession-Proofing Playbook I Wish I’d Had.
The article outlines a practical playbook for recession‑proofing small businesses, emphasizing preparation before a downturn hits. It advises entrepreneurs to assess cash flow, construct a budget that safeguards core growth functions, and maintain a three‑to‑six‑month cash reserve. Diversifying revenue through...
IRS Increases Foreign Earned Income Tax Breaks
The IRS issued Notice 2026‑25, raising the foreign earned income exclusion to $132,900 for 2026, up from $130,000. Taxpayers must meet the bona‑fide residence or 330‑day physical presence test and file Form 2555 to claim the benefit. The foreign housing deduction base...
Loosening Bank Capital Rules Won’t Bring Banks Back to Mortgage Lending
Bank participation in U.S. mortgage origination has fallen from roughly 60% in 2008 to 35% in 2023, while non‑bank lenders have surged. Proposals to ease Basel III capital requirements, championed by Fed Vice Chair Michelle Bowman, assume tighter capital rules...
Years After TCJA's Enactment, Push to Restore Tax-Exempt Advance Refunding Continues
The 2017 Tax Cuts and Jobs Act eliminated tax‑exempt advance refundings, a long‑standing municipal financing tool, and the provision will turn ten next year. State and local issuers, led by Michigan Treasurer Rachael Eubanks, argue that rising interest rates have...
AICPA and CIMA Unveil AI Accelerator Skills Program
The AICPA and CIMA have launched the AI Accelerator Skills Program, a three‑tiered, NASBA‑accredited training suite for finance and accounting professionals. Designed to move firms from AI experimentation to scalable, ethical adoption, the program delivers up to 42 CPE credits...
SoFi Reports Record Revenue and Loan Origination
SoFi posted a record $1.1 billion net revenue in Q1 2026, a 43% year‑over‑year jump, driven by a 68% surge in loan originations to $12.2 billion. The company kept its full‑year revenue outlook unchanged, citing an expected Fed rate‑freeze and broader macro...
Stable Sea Taps WisdomTree to Bring Tokenized Treasury Yield to Business Operating Cash
Stable Sea has partnered with asset manager WisdomTree to embed its tokenized money‑market fund WTGXX into the Stable Sea Terminal platform, giving business treasuries direct access to on‑chain U.S. Treasury yields. WTGXX holds about $855 million in tokenized Treasuries and ranks...
Bajaj Finance Reports 23% Increase in Standalone Net Profit at ₹4,839.5 Cr
Indian NBFC Bajaj Finance posted a 23% jump in standalone net profit to ₹4,839.5 crore (≈$583 million) in Q4 FY26, driven by a 20% rise in net interest income and a 21% expansion of its loan portfolio. Provisions for impairments fell 9%,...
Securitize Teams Up With Computershare to Tokenize U.S.-Listed Equities
Securitize and global transfer agent Computershare have signed an agreement to issue Issuer‑Sponsored Tokens (ISTs) for U.S.-listed equities. ISTs represent direct on‑chain ownership of shares, eliminating the need for synthetic wrapper structures. Computershare will act as the transfer agent, processing...
Equity Risk Premium at 4%, S&P Fair Value 7,455
While valuations in the US remain a concern for many investors, in my view they are justified by the macro fundamentals of all-time high (and rising) margins and tight credit spreads. Those two variables are the independent variables in my...
OneStream Delivers Unified, Global Financial Visibility
Multinational organizations juggling multiple systems and diverse data? OneStream unifies your financial consolidation, close planning, and forecasting. Get single-source-of-truth reporting for true global financial visibility. #FinanceTech #Accounting #ERP https://t.co/rqAzzjvUiQ
Ready to Sell? Here’s Why You Need an Assessment First
TSG advises payments‑focused companies to begin any sale process with a comprehensive assessment rather than jumping straight to valuation or pitch‑deck creation. The assessment uncovers the factors that drive a premium multiple, pinpoints operational gaps, and informs whether to sell...
Universal Music Group to Sell Half of Its Spotify Stake, Increase Share Buybacks
Universal Music Group announced it will monetize half of its €2.7 bn stake in Spotify to fund an expanded share‑buyback program. The board approved a €1 bn buyback, kicking off with a €500 m tranche after completing an existing €500 m repurchase. The moves...
How REITs Can Stay Ahead of Activists and Tell a Stronger M&A Story
Jonathan Keehner, partner at Joele Frank, warned that REIT M&A success now hinges on clear, early communication rather than just deal structure. He highlighted that weak rollout invites activist investors and competing bidders, especially as large‑cap buyers, sovereign wealth funds,...
CHTR's $1B Buyback Now Loss; Prioritize Debt Reduction
$CHTR bought back $1B of stock in Q1 @ $219. Stock is now $165. Maybe debt reduction should be prioritized given the lack of revenue and EBITDA growth? #CellPhoneInternet