Know What's Happening in Finance
Know What's Happening in Finance
Flex to Acquire Electrical Power Products for $1.1B, Expanding Power Infrastructure Portfolio
Flex Ltd. announced a definitive agreement to acquire Electrical Power Products for approximately $1.1 billion in cash. The target contributes roughly $323 million of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Also developing:
The February Consumer Discretionary Dashboard shows the sector’s services segment trading about 14% below its 11‑year average, while autos and components remain the most overpriced subsector. Fidelity’s FDIS ETF and SPDR’s XLY deliver comparable long‑term Sharpe ratios, but FDIS offers a modest valuation edge and XLY provides superior liquidity. Both funds are heavily concentrated in Amazon and Tesla, creating notable company‑specific risk. Ten individual consumer discretionary stocks are priced cheaper than their peers this month.
U.S. Treasury rates slipped across the curve in the week ending February 13, 2026. The 30‑year yield fell 0.16%, while the benchmark 10‑year dropped 0.18% to 4.04%. The 3‑year note settled at 3.43%. The declines reflect modest easing in market...
Deep‑tech startups often stumble not because the science is weak but because the risk profile between a working prototype and a scalable business is mis‑designed. Traditional venture capital timelines of five to seven years clash with the ten‑plus‑year gestation required...
Brokerage houses have highlighted five Indian equities that could deliver 10‑40% returns by 2026. Motilal Oswal sees Indraprastha Gas (IGL) rising 41% to ₹235 and Siemens Energy up 31% to ₹3,600. Citi maintains a Buy on Lupin with a 15% upside,...
Baby Bunting posted record half‑year sales of $271.4 million, a 4.9% increase year‑on‑year, driven by a mix of new large‑format stores, small‑format openings, and six "store of the future" refurbishments. Online sales climbed to 24.8% of total revenue, up 18%, reflecting...
Sir John Templeton’s adage that the best buying opportunities arise at peak pessimism is highlighted as a timeless investing principle. The article notes that widespread fear compresses valuations, allowing strong companies to be bought at discounts, while emphasizing the need...
Lundin Mining secured an additional credit facility to fund its flagship copper development, expanding the financing previously arranged for the project. The new credit line, sourced from a syndicate of international banks, adds $500 million to the existing $1.2 billion pool,...
Sixth Street Specialty Lending reported its Q4 2025 results, posting a 12% increase in net asset value to $1.84 billion and a 9% rise in earnings per share. The BDC’s portfolio composition shifted toward higher‑yield middle‑market loans, boosting the weighted‑average interest rate...
The article evaluates quantum technology as an emerging alternative asset, emphasizing public‑market exposure over private‑equity deals. It notes that pure‑play quantum stocks such as D‑Wave, Rigetti, IonQ and Quantum Computing Inc. exhibit high volatility and limited near‑term cash flows, while...
In this episode, Jeremy Grantham discusses the persistent risk of bubbles in today’s market, emphasizing that while transformative tech narratives—especially around AI—can be genuine, they often inflate valuations beyond realistic expectations. He warns that the real bubble may lie in...
Banks are moving from traditional overnight benchmarks to quoting liquidity rates on an hourly basis, reflecting tighter funding conditions and the rise of electronic trading platforms. The shift provides more granular price signals, allowing lenders to capture real‑time balance‑sheet pressures...
Investors received the FX option expiry list for 17 February 10 am New York cut, detailing strike levels and notional amounts across major pairs. EUR/USD options total roughly €2.6 billion at strikes 1.1900, 1.2000 and 1.2025. USD/JPY carries about $2.86 billion at 156.00 and 151.00,...
HFMA’s FastFinance podcast highlights new off‑campus HOPD reporting requirements that could impose significant cost burdens on health systems. The episode also cites a "Weird Number"—a 3‑5% annual net revenue loss attributed to inefficient electronic health records and billing platforms. Additionally,...
Effective Jan. 1 2028, the Consolidated Appropriations Act of 2026 requires hospitals to assign separate NPIs and submit two provider‑based attestations for each off‑campus hospital outpatient department (HOPD) or lose Medicare OPPS reimbursement. Compliance documentation can be extensive—up to 200 pages per...
Five private credit firms just provided $1.4B for a software buyout of OneStream valued at $6.4B. Same week everyone’s asking whether AI will make these companies obsolete. The market is telling you software is at risk. The lenders are telling you...
Independent Franchise Partners (IFP) has acquired a 3.01% stake in Universal Music Group (UMG), valued at roughly €1.09 billion ($1.29 bn). The holding makes IFP the sixth‑largest shareholder and adds to its existing positions in Vivendi, Rightmove and Warner Music, signalling a...
The SEC charged Archer‑Daniels‑Midland (ADM) and three former executives with accounting and disclosure fraud, culminating in a landmark 2026 enforcement action. ADM was found to have materially overstated its nutrition segment by recording intersegment transactions on non‑market terms, inflating profitability....
Fitch Ratings assigned an ‘A’ rating to Lee County, Florida’s airport revenue bonds, Series 2026, and affirmed the rating on existing bonds with a stable outlook. The rating reflects a balanced carrier mix serving a leisure‑focused market and enplanements that...
In this episode Steve Hutt explains why e‑commerce CFOs often conflate cash flow— a backward‑looking snapshot of money in and out—with liquidity, the real‑time ability to meet unexpected obligations. He outlines a three‑layer framework—real‑time liquidity dashboards, rolling 13‑week cash‑flow forecasts,...
J.P. Morgan’s Kinexys platform demonstrated kinetic treasury by instantly minting $40 million of stablecoins using a tokenized vacation‑home as collateral, freeing a semiconductor shipment for a Rotterdam logistics firm. The transaction bridged a retail client’s idle digital asset with an institutional...
Thailand's finance ministry has instructed state‑owned enterprises to fund new investments primarily from internal revenues, limiting reliance on borrowing that is classified as public debt. The policy follows a backdrop where public debt stands at 66.1% of GDP, close to...
A year ago, CDS on Alphabet and Meta didn't exist. Now they're among the most actively traded single-name contracts in the US market Nobody creates a default insurance market for fun... $GOOG $META
AI disruption is hitting IG credit spreads, not just stock prices. Concentrix: BBB-rated, 455,000 call center employees. Paid 130bps concession to refinance. Stock down 24% last week. Spreads doubled in February. Credit markets pricing obsolescence before it shows up in earnings.
Buying a business without thorough due diligence can turn a promising investment into a costly liability. The article outlines a comprehensive checklist covering assets, employees, finances, legal matters, marketing, and operational structure to evaluate a target company. It emphasizes that...
Leading European large‑cap equity funds rebalanced portfolios in December, increasing exposure to financial services, healthcare and, to a lesser extent, industrials. At the same time, allocations to basic materials, consumer defensive and technology stocks were trimmed. ASML emerged as the...
Plus500’s chief executive, chief financial officer and chief marketing officer announced the sale of 1,500,000 ordinary shares, representing roughly 2.14% of the company’s issued capital. The transaction will be executed on the secondary market through Goldman Sachs International, with Panmure...
Japanese fintech PayPay Corp. announced a U.S. market entry strategy that pairs a Visa partnership with an upcoming initial public offering. The collaboration will enable PayPay to bundle its Balance, Card and Bank services into a single Visa credential, expanding...
Howard Rubin, founder of The Technology Economists, warns that rising IT budgets are being eroded by inflation that outpaces spending, with average budget growth of 3.1% versus 6.9% inflation. His research shows that even sectors like banking see real IT...
Crypto taxpayers are increasingly exposed to tax liabilities because many cannot substantiate the cost basis of their digital assets. When the IRS cannot verify basis, it treats the entire proceeds as taxable gain, potentially invoking civil penalties or criminal fraud...
The NAHB’s AD&C Financing survey shows that in Q4 2025 the cost of credit for residential builders fell to its lowest level since 2022. Contract rates dropped across land acquisition, development, speculative and pre‑sold single‑family loans, and effective rates fell even...
This former analyst turned a single report into Silicon Valley gospel—then she raised billions to rewrite the rules of venture capital.
The S&P 500’s mega‑cap companies posted record‑high profit margins in Q4 2025, driven by strong pricing power and cost efficiencies. However, the earnings releases also revealed a sharp rise in C‑suite compensation and related overhead, outpacing earnings growth. Analysts note...
They told me their reports take 6 hours. I showed them 8 formulas. Now it takes 10 minutes. Join my free masterclass with Ramp on February 19th 👉 https://t.co/Aw0QFfIbL0 I've seen this pattern dozens of times. Smart FP&A teams. Good analysts. Solid finance...
"We are beginning to see that @Truflation is becoming a key signal to drive investment decisions." - @therealsrust https://t.co/lsi9GM9p0d
Goldman Sachs increased its stake in Aye Finance by buying 16.8 lakh shares for about Rs 22 crore, bringing its total exposure to roughly Rs 91 crore. The NBFC’s IPO was 97 % subscribed, yet the shares opened flat at Rs 128.80, just 0.16 % below the issue...
In my sixth data update, I look at business profitability in 2025, across sectors, industries and regions, scaled to revenues (profit margins) and to invested capital (accounting returns). I use the latter to compute and compare excess returns. https://t.co/L3PDmph4VA
Every SaaS leader should master these 5 metrics. Bookings, retention, margins, OPEX, and efficiency — the core numbers behind durable growth and valuation. 🎥 https://t.co/ViVeSCTLXx #SaaS #SaaSMetrics https://t.co/bvoRB24XES
The Dutch House approved a Box 3 overhaul that will tax the annual change in value of liquid assets such as Bitcoin at a flat 36 % rate, effective Jan 1 2028 pending Senate approval. The regime treats crypto like a marked‑to‑market security, meaning...
ICYMI: Weekly S&P500 #ChartStorm blog post https://t.co/B5a4uBC2Q4 Thanks + follow reco to chart sources @MarketCharts @topdowncharts @dailychartbook @MauiBoyMacro @KobeissiLetter @StealthQE4 @HayekAndKeynes
Given I timed the sector rotation with precision in Nov & said it would likely run until Feb, and we are here, I'm gonna share what else I also told clients: IN LIEU OF SECTOR ROTATION, THERE WILL BE VOLATILITY™️😉
Denmark’s state‑run pension fund PenSam, which manages €27 billion of assets, said it will keep its exposure to U.S. private equity despite recent market turbulence. The fund’s head of private capital and real assets, Jeppe Starup, indicated that the firm is...
Working on my $AMZN growth thesis report for this week, and just helpful to point out, that this high capex to FCF is not uncharted territory for Amazon. I get there is more competition this time than e-comm but they...
UK’s Reeves is set to get a boost from falling debt interest https://t.co/iirQy0fcBA via @PhilAldrick https://t.co/R8A0t6Sj29
The Supreme Court will hear Sripetch v. SEC in April, a case that challenges whether the SEC must demonstrate actual pecuniary loss to obtain disgorgement orders. The dispute revisits the agency’s expanding use of equitable relief, which has evolved from...
Embracer Group reported a 26% year‑on‑year drop in net sales to SEK 11.9 billion ($1.3 billion) for the nine months ending December 31, 2025, with mobile revenues plunging 63% and PC/console sales down 22%. Despite the overall decline, CEO Phil Rogers called Q3 a “clear...
Investors are increasingly gravitating toward semi‑liquid, or evergreen, funds in pursuit of higher returns, but industry experts warn these vehicles are not a universal solution. Evergreen funds blend liquid and illiquid assets, allowing periodic redemptions while retaining exposure to higher‑yielding...
Asset manager Schroders and parcel‑delivery specialist InPost have signed deals that together add €19 billion to the projected 2026 European takeover pipeline. InPost’s transaction, valued at €7.8 billion, involves Advent International and FedEx and is being executed at a modest premium. Schroders’...
Why do FP&A careers plateau? Not because of performance—but because, at promotion time, top finance talent starts to look alike. Nicholas Bell (Clyde & Co), on the capabilities that set him apart on his path to Head of FP&A. 🔗 https://t.co/w8xraVQKjD #fpatrends #FinanceCareers https://t.co/BYjczXwbsO
Harvard Management Company trimmed its Bitcoin exposure by roughly 21%, selling about 1.5 million shares of the iShares Bitcoin Trust and reducing the holding to $265.8 million. At the same time, the endowment made its first Ether investment, buying nearly 3.9 million shares...
Deutsche Pfandbriefbank posted a preliminary 2025 loss of €250 million before tax, primarily due to accelerated U.S. exit costs, high provisioning and fair‑value adjustments. Operating income fell to €422 million despite a 23% rise in new business volumes, while office‑focused commercial real‑estate...
