Today's Finance Pulse
Autodesk to acquire MaintainX for $3.6B, expanding into operations software
Autodesk announced a $3.6 billion purchase of MaintainX, a leader in operational‑phase software for the built environment. The deal extends Autodesk’s portfolio from design and manufacturing into ongoing building operation, creating an end‑to‑end data loop. CEO Andrew Anagnost said the acquisition unlocks a $40 billion total addressable market.
Also developing:
By the numbers: Pemberton Asset Management closes $3.7B fourth vintage fund
L3Harris Secures $1 Billion Department of War Investment to Scale Missile Solutions
L3Harris Technologies closed a $1 billion investment from the Department of War to fund its newly created Missile Solutions (MSL) unit. The capital will fund plant upgrades, R&D and a planned IPO in the second half of 2026, while the DoW receives convertible preferred securities and warrants.
Lockheed Martin Reaffirms FY26 Outlook as Shares Jump 4.6%
Lockheed Martin Corp. (LMT) reaffirmed its full‑year 2026 earnings and sales guidance, prompting a 4.6% rise in its shares during pre‑market trading. The company kept FY2025 earnings forecasts at $29.35‑$30.25 per share on $77.5‑$80.0 billion in net sales, offering a rare...
Copper Rally Doubles Teck Resources Q1 Earnings to $819 M Amid Fuel Cost Risks
Teck Resources reported first‑quarter earnings of $819 million, more than twice the prior year, driven by a 38% year‑over‑year rise in copper prices to $5.83 a pound. The miner warned that soaring diesel costs in Chile, linked to Middle‑East tensions, could...
Tokyo and Seoul Stocks Reach Record Peaks as Manila Jeepney Drivers Strike Over Fuel Costs
Tokyo and Seoul stock exchanges surged to record levels this week, driven by AI‑related earnings and higher oil prices, while Manila’s jeepney drivers launched a strike last month over soaring fuel costs. Economists warn the divergent trends could deepen stagflation...
Snap CFO Derek Andersen Joins Expedia Group as Finance Chief Amid Travel Recovery
Snap Inc. announced that CFO Derek Andersen will become finance chief of Expedia Group on May 11, ending his seven‑year tenure at the social‑media firm. Snap promoted longtime finance executive Doug Hott to CFO, a move that follows a recent...
Jeff Bezos' Project Prometheus Targets $10B Funding as Cursor Pursues $2B Round
Jeff Bezos is finalizing a $10 billion financing round for Project Prometheus, which could lift its valuation to $38 billion. At the same time, AI coding platform Cursor is in talks to raise $2 billion, targeting a valuation north of $50 billion. Both deals highlight...
Signify N.V. Q1 Profit Plummets 91% as B2B Lighting Demand Slows
Signify N.V. posted first‑quarter profit of €6 million ($6.5 million), a 91% drop from €67 million a year ago, while revenue slipped 12% to €1.274 billion ($1.39 billion). The decline reflects slower adoption of its lighting solutions among commercial customers, prompting a reassessment of its...
HMRC Cracks Down on Property Valuations in Inheritance Tax Returns – How to Reduce Risk of a Dispute
HM Revenue and Customs is intensifying scrutiny of inheritance‑tax property valuations, with referrals to the Valuation Office Agency rising 23.5% to 14,631 cases year‑over‑year. Executors who misvalue estates risk additional tax, 7.75% annual interest, and penalties if valuations are deemed...
Episode 98: 12 Steps to Survive Due Diligence
In this eight‑minute episode of the Tech M&A Podcast, the host outlines 12 practical steps for CEOs to survive the increasingly rigorous due‑diligence phase of tech and private‑equity transactions. Key takeaways include mastering the buyer’s checklist, pre‑building a secure data...
Episode 97: Sell For Free Fallout
In this episode the Coram Group explains its new First Look program, a free‑to‑list deal‑origination platform that connects software and IT sellers with a curated pool of buyers from a 19,000‑member database. The hosts describe the unexpected “fallout” when many...
Big Banc Split Corp. Announces Class A Share Split
Big Banc Split Corp announced a 20% forward stock split of its Class A shares, issuing 20 additional shares for every 100 held. The split, pending TSX approval, will take effect on May 4 2026 and will increase the monthly cash distribution to...
When Privacy Protects but Excludes: The Hidden Costs of Data Restrictions in Digital Lending
A 2019 Google privacy rule barred Android apps from accessing call detail records, cutting off a key enforcement tool for one of India’s largest digital lenders. The restriction sparked a 26% surge in loan applications from Android users but forced...
Big Four Accounting Chooses AI over Humans, Cuts Benefits & Hiring
The Big Four accounting firms are accelerating AI adoption while slashing staff and benefits. KPMG recently eliminated 10% of its U.S. audit partners, and Deloitte cut paid time off, froze its pension plan, and halved family‑leave benefits. Junior hiring has...
Kalshi's $19B Valuation Seems Frothy Amid Regulatory Uncertainty
Kalshi doing a private offering at a $19B valuation. Feels about right but a little frothy for a company whose regulatory regime could pivot quickly
GPU Lifespans Stretch to 8 Years, Boosting Margins
the 7-8 year thing is massive implies that current -- and criticized -- tech depreciation schedules for current capex boom are not bullshit, and thus the current numbers aren't hiding the ball also wrote about flat GPUs prices a lil here...
USA Rare Earth CEO on 'Transformative' $2.8B Serra Verde Deal
USA Rare Earth announced a $2.8 billion acquisition of Serra Verde Group, the only mine outside Asia that produces all four magnetic rare‑earth elements. The deal includes a 15‑year, 100 % offtake agreement with price floors backed by a U.S. government‑led special‑purpose vehicle. CEO...
CGI Agrees to Acquire Alaska-Based Quintillion
GCI Holdings, a subsidiary of GCI Liberty, announced a $310 million acquisition of Alaska fiber provider Quintillion. The deal merges Quintillion’s 1,800 miles of subsea and terrestrial fiber and roughly 1,500 miles of planned expansion with GCI’s statewide network, enabling a ringed, self‑healing...
CP All Defends Reorganisation Plans
Thai retailer CP All reiterated it will not merge its three subsidiaries—Counter Service Co, Thai Smart Card Co and CP Axtra—into its virtual bank Ascend Bank, despite a Bank of Thailand requirement to consolidate financial businesses. The proposal, driven by...
Your Data Platform Costs More Than It Should
A Snowflake migration revealed unexpectedly high cloud spend, prompting a deep dive into data platform economics. The author demonstrates how simple SQL queries can surface the most credit‑hungry warehouses and queries, exposing idle compute and full‑table scans. By adjusting auto‑suspend...
Trump Sidestepped Congress on More Than $1 Billon in Ed. Spending Last Year
The Trump administration redirected roughly $1 billion of education appropriations during FY 2025, moving more than $700 million between competitive grant programs and leaving about $300 million in research funding unspent. Notable shifts included transferring the $90 million SEED grant to the American History and...
#58843
Effective April 24, 2026, the Options Clearing Corporation announced that the National Securities Clearing Corporation will no longer accept settlement for Willow Lane Acquisition Corporation (WLAC) option exercises. All WLAC and 1WLAC contracts, each delivering 100 Class A shares, must now settle on...
United CEO Negotiating Purchase of Rival Airline Assets
United CEO Says He’s In Talks To Buy Assets From Another Airline - View from the Wing https://t.co/Ow68rGKOE9
How France’s Tech Dependency Plan Could Influence ERP Decisions
France has launched a government‑wide program requiring ministries to map all technology dependencies on non‑European vendors, covering infrastructure, AI, databases and core systems. The Interministerial Directorate for Digital Affairs is spearheading the effort, with the Direction interministérielle du numérique (DINUM)...
MTP's Issues $386 Million in Cell Tower ABS, Its First Public Deal
MTP ABS Funding launched its inaugural public securitization, issuing $386 million of asset‑backed securities backed by 861 cellular tower sites. The pool, managed by Tower Point Capital, includes fee‑owned, leasehold and easement sites and supports 1,084 leases from 83 tenants, generating...
We Urgently Need to Talk About Swap Lines
Izabella Kaminska’s latest Blind Spot piece warns that the current debate over dollar‑swap lines is more than a sovereign’s plea for liquidity—it is a window into the hidden mechanics of global finance. She argues that swap lines reveal who still...
PlanGuru Launches PlanGuru Analytics, Powered by Reach Reporting
PlanGuru has unveiled PlanGuru Analytics, an analytics layer built on its browser‑based budgeting and forecasting engine and powered by Reach Reporting’s dashboard and AI capabilities. The new solution transforms financial models into interactive dashboards, AI‑driven insights, and polished reports, cutting...
BGIN BLOCKCHAIN LIMITED Reports Unaudited Financial Results for the Full Year of 2025
BGIN Blockchain Limited posted a dramatic revenue decline to $67.4 million in 2025, down 78% from the prior year, and swung to a $177 million net loss after earning $66 million in 2024. The company attributed the loss to non‑cash impairments as it...
Paul Mueller Company Announces Its First Quarter Earnings of 2026
Paul Mueller Company reported Q1 2026 net sales of $66.4 million, a 13% increase year‑over‑year, while gross profit fell to $14.6 million and operating income dropped to $2.5 million. Net income slumped 53% to $2.3 million, yielding earnings per share of $2.56 versus $5.26...
Saks Settles Fight With Simon Property, Cuts Deal With Creditors
Bankrupt luxury retailer Saks Global Enterprises reached settlements with landlord Simon Property Group and its main creditor groups, clearing key hurdles in its Chapter 11 case. The Simon agreement resolves unpaid‑rent claims and averts closure of two flagship stores, while the...
First Capital, Inc. Reports Quarterly Earnings
First Capital, Inc., the holding company for First Harrison Bank, posted a net income of $4.3 million for Q1 2026, a 33% increase from the same quarter a year earlier. Net interest income rose to $11.4 million, driven by higher yields on interest‑earning...
Toronto Hydro Corporation: Credit Rating Report
On April 17, 2026, Morningstar DBRS reaffirmed Toronto Hydro Corporation’s issuer rating and its senior unsecured debentures and medium‑term notes at “A.” The agency also confirmed the utility’s commercial paper rating at R‑1 (low), indicating strong short‑term creditworthiness. All rating trends...
Banks Can’t Outsource Judgment to Algorithms
Regulators including the OCC, FDIC and the Federal Reserve have issued revised inter‑agency model risk management guidance that moves compliance from periodic reviews to a continuous, embedded function. The new framework demands ongoing validation, governance and real‑time monitoring of both...
Farmer Finance: What Agriculture’s Working Capital Shift Reveals for B2B
The FDIC’s 2026 Risk Review reveals a fundamental shift in agribusiness financing, moving from income‑based lending to collateral‑based structures that lean on farmland equity. Farmers with weak cash flow are still securing credit by pledging land and other tangible assets,...
Valeo : Recul De 3,6% Du Chiffre D'affaires Au 1er Trimestre, Objectifs 2026 Confirmés
Valeo reported a 3.6% drop in first‑quarter revenue, driven by the November 2025 sale of its propulsion‑sensor business and a negative euro‑currency effect. On a constant‑currency, constant‑scope basis, core sales actually rose 1.3% year‑over‑year, outpacing a 3.4% global auto production...
Morningstar DBRS Finalizes Provisional Credit Ratings on Capital Street Master Trust Series 2026-1
Morningstar DBRS finalized provisional credit ratings for Capital Street Master Trust Series 2026‑1 Asset‑Backed Notes. The Class A notes, backed by a $450 million revolving pool of subscription loans, received an AAA (sf) rating, while the $25 million Class B notes were rated AA...
#58841
TowneBank (TOWN) announced a special cash dividend of $0.70 per common share, payable on May 20, 2026 to shareholders of record on May 4, 2026. The OCC will adjust related options and futures contracts effective May 4, changing the contract multiplier to 100 and reducing...
Alphabet’s Investment Engine Beats Buffett‑Style Value Play, Delivering $900 M SpaceX Gain
Alphabet’s strategic portfolio, highlighted by a $900 million early stake in SpaceX and a 48% surge in Google Cloud sales, is delivering returns that outpace classic value‑investing benchmarks. The tech giant’s approach is prompting wealth managers to rethink long‑term allocation models...
Virginia Retirement System Commits $1.2 Billion to Private Equity, Real Assets and Hedge Funds
The Virginia Retirement System (VRS) announced a $1.2 billion allocation across private‑equity, real‑asset and hedge‑fund mandates. The move adds to VRS’s existing $20 billion private‑equity and $17 billion real‑asset holdings, reflecting growing appetite for alternative real‑estate exposure among large public pensions.
Hitachi Construction Machinery Posts 10% Profit Drop as Revenue Climbs 2.5% to $9.4 Bn
Hitachi Construction Machinery Co., Ltd. announced full‑year earnings of ¥73.193 bn ($487 m), a 10% decline from the prior year, even as revenue grew 2.5% to ¥1.405 tn ($9.4 bn). The results highlight a slowdown in construction‑equipment demand that is pressuring margins across Japan’s...
American Industrial Partners to Acquire Honeywell’s Warehouse Solutions Business for $935 Million
American Industrial Partners (AIP) announced a $935 million carve‑out acquisition of Honeywell’s warehouse and workflow solutions business. The deal, described as a revenue‑based transaction, adds a sizable logistics platform to AIP’s industrial portfolio and marks one of the larger private‑equity moves...
Salmon Secures $100 Million Equity‑Debt Deal to Scale Digital Credit in Philippines
Manila‑based fintech Salmon raised $60 million in equity and $40 million in debt to broaden its digital credit platform for underbanked Filipinos. The dual‑track financing, led by investors such as Spice Expeditions and a Nordic bond issuance, underscores growing cross‑border capital flows...
IBM Q1 Revenue Grows 9% to $15.9B as Software Growth Slows, Shares Drop 6.5%
IBM posted first‑quarter revenue of $15.92 billion, a 9% rise that lagged the 12.2% growth of the prior period, prompting a 6.5% after‑hours slide in its stock. The slowdown, driven by softer software sales, has heightened investor worries about AI‑driven competition.
Park National Corporation Reports Financial Results for First Quarter 2026
Park National Corporation reported first‑quarter 2026 results following its all‑stock merger with First Citizens Bancshares. Net income slipped 1.1% to $41.7 million, while loan balances grew 20.1% to $9.67 billion and deposits surged 33.4% to $11.0 billion, largely from the acquisition. The board...
Ebang International Reports Financial Results for Fiscal Year 2025
Ebang International Holdings reported FY 2025 results, posting total net revenues of $6.5 million, an 11.4% increase year‑over‑year. Gross profit shrank to $0.4 million, while the net loss narrowed to $14.2 million, improving from $20.9 million in 2024. Operating expenses fell 18.6% to $25.7 million, driven...
Vietnam’s VN Index Beats FTSE 100 YTD, FTSE Russell Upgrade Sparks $5‑6 Bn Inflow
Vietnam’s VN index has outpaced the UK’s FTSE 100 in year‑to‑date returns, buoyed by a FTSE Russell upgrade from frontier to secondary emerging market. Analysts expect the move to channel $5‑6 bn of foreign money into a market valued at roughly...
Powercell Sweden Posts $3.5 M Wider EBITDA Loss in Q1 2026
Powercell Sweden AB announced a 36.7% plunge in Q1 revenue to SEK 46.9 million ($5.2 M) and an EBITDA loss of SEK 31.9 million ($3.5 M), widening the deficit from the prior quarter. CEO Rickard Berkling blamed delivery delays and deferred orders, highlighting a broader slowdown...
Boeing Q1 2026 Revenue Jumps 14% to $22.2B, Core Loss Narrows to $0.20 per Share
Boeing announced Q1 2026 consolidated revenue of $22.2 billion, a 14% year‑over‑year rise, while core loss per share narrowed to $0.20. Management highlighted higher commercial deliveries, a $6.9 billion debt paydown and a stronger cash position.
Netflix Q1 2026 Beats Guidance but Stock Seen Overvalued at $80 Target
Netflix released its Q1 2026 earnings on April 16, reporting sales and margins that topped guidance and confirming its 2024 outlook. Morningstar analysts, however, deem the shares moderately overvalued, assigning a fair‑value estimate of $80, a 25× P/E and a...
Fed Expected to Hold Rates at 3.5%-3.75% as Iran War and Trade Shocks Keep Policy on Sidelines
The Federal Reserve is poised to leave its policy rate unchanged between 3.50% and 3.75% at the April 29 meeting, citing persistent inflation, soaring oil prices from the Iran conflict and lingering trade‑war pressures. A Justice Department decision to drop...
Deephaven Residential Mortgage Trust 2026-CES1: Presale Report
Morningstar DBRS has issued provisional credit ratings for the Deephaven Residential Mortgage Trust 2026‑CES1 series, covering eight distinct classes of mortgage‑backed notes. The three most senior classes (A‑1, A‑1A, A‑1B) received a (P) AAA rating, while the next tier (A‑2) was...