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.
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Deloitte’s internal audit leader Mike Schor argues that internal audit must shed its "gotcha" image and become a strategic partner to the CFO. He recommends a proactive branding effort that showcases audit capabilities and aligns the function with finance’s broader advisory role. Schor also stresses the need for auditors to upskill in data analytics and secure a seat at AI governance tables. By doing so, internal audit can act as a change agent, anticipating risks and adding real‑time insight across the enterprise.
Eighteen states now offer tax credits for donations to scholarship‑granting organizations that fund private‑school tuition, mirroring Ohio's program. Ohio’s credit, introduced in 2021, has cost the state over $80 million in lost revenue and reduced tax collections by $21 million in fiscal 2024...
5 reasons why a Stocks & Shares ISA is the best way to build wealth in the UK 🇬🇧 1. Easy to open in minutes 2. You choose how much to invest 3. Access to global ETFs & funds 4. Withdraw anytime, no lock...
The EPA announced plans to rescind the 2009 endangerment finding that declared greenhouse gases a threat to public health, a cornerstone of U.S. climate regulation. The move, submitted to the Office of Management and Budget, represents the Trump administration’s most...
Lee Enterprises reported a 10% drop in total operating revenue to $130 million for Q4 2025, while digital subscription revenue grew 5% to $22.7 million. Despite the revenue boost, the company’s digital‑only subscriber base shrank from 728,000 in March to 609,000 by year‑end,...
President Donald Trump recently secured trade agreements with Argentina and India, offering limited tariff reductions to facilitate U.S. exports. Both deals faced immediate domestic backlash: Indian farmer unions called the pact a “total surrender” and French officials described the EU‑U.S....
We have a new report out today, "Bayes and Base Rates: How History Can Guide Our Assessment of the Future." -We place projected sales growth rates of some artificial intelligence (AI) businesses in the context of history. - We review...
If you lead a finance, sales, service, or ops team and you're still trying to figure out where agentic AI fits, this is the room you want to be in. I'm keynoting at Microsoft Times Square on Feb 26 with...
Senator Bernie Sanders will launch a campaign to place a one‑time 5% billionaire tax on California’s November ballot. The measure seeks to raise funds to offset federal healthcare cuts, protecting over 3 million working‑class residents. Supporters must collect roughly 875,000 signatures...
Entrepreneurs: private equity firms OVERVALUED SaaS companies during 2020-21. NOW, those “overvalued” companies are getting marked down 30-60% 🤯 If you’re an investor = BUY distressed assets LOW If you’re a startup founder = CASHFLOW CASHFLOW
Standard Chartered announced that group CFO Diego De Giorgi is leaving immediately to join Apollo Global Management as a partner and head of EMEA. Peter Burrill, the bank's group head of central finance, will serve as interim CFO while a permanent replacement is...
A Texas bankruptcy judge ordered Chapter 11 trustees to take over Stoli USA and its bourbon affiliate Kentucky Owl, halting a planned conversion to Chapter 7 liquidation. The move followed objections from senior lender Fifth Third Bank and a negotiated settlement among...
Washington Senate Ways and Means Committee approved a revised millionaire’s tax bill, preserving a 9.9% levy on earnings above $1 million starting in 2028. The measure is projected to generate roughly $3.5 billion annually from about 30,000 high‑income taxpayers. Amendments include expanding...
Transparency International released its 2025 Corruption Perceptions Index, showing the global average score slipping to 42 and 122 of 182 countries falling below the 50‑point threshold for widespread public‑sector corruption. Only five nations now score above 80, a sharp decline...
Blue & Co., a top‑60 accounting firm, announced the acquisition of Texas‑based D & Co., adding more than 40 healthcare‑focused employees and six directors to its roster. The deal, effective Feb. 1, expands Blue & Co.’s footprint into Lubbock, Dallas, Fort Worth and Waco,...
Minnesota’s paid family and medical leave program launched on Jan. 1 and delivered over $30 million in benefits during its first month, approving 13,700 claims. Early demand was buoyed by a surge of child‑bonding applications, a phenomenon known as the “baby bump.”...
China is directing state‑owned banks to cut U.S. Treasury holdings to roughly $750 billion by 2025, halving its 2010 peak. The reduction removes a major buyer from the market, shifting the financing burden toward Japan, the world’s largest foreign‑reserve holder. Japan’s...
Leah, the creator of Leah Agentic OS, has teamed up with PwC UK to embed its enterprise‑grade, domain‑native agentic AI platform into global business services. The partnership combines PwC's industry and functional expertise with Leah's OS to design, deploy, and...
CFOs are reshaping 2026 budgets to favor growth‑driving functions, technology and artificial intelligence, according to Gartner’s survey of over 300 finance leaders. More than half plan higher spending on sales and IT, with 28% targeting double‑digit growth, while marketing follows...
LMI has announced a strategic investment in Ara Partners' energy and infrastructure investment platforms. The partnership will allow both firms to co‑invest and share deal flow across their respective mandates. By aligning with Ara Partners, LMI aims to deepen its...
Private equity firm Permira has completed a majority acquisition of Germany‑based enterprise software provider TeamViewer through a public tender offer, while the company remains listed on the Frankfurt Stock Exchange. The deal, finalized in January 2026, gives Permira control to...
Coca‑Cola projects 2026 organic revenue growth of 4%‑5% and comparable earnings per share growth of 7%‑8%, despite a modest decline in overall beverage demand. Quarterly results showed adjusted earnings of 58 cents per share and net sales of $11.82 billion, slightly...
The episode explains ACCA's launch of a four‑part Technology in Finance certificate series, aimed at equipping accountants with practical skills in data analytics, cybersecurity, AI, and organisational transformation. It highlights that 50 % of finance leaders worry about skill gaps as...
December retail sales were flat month‑over‑month, missing the 0.4% gain economists expected after a 0.6% rise in November. Year‑over‑year sales rose 2.4%, trailing the 2.7% inflation rate, indicating real spending erosion. The slowdown was driven by harsh weather, lingering tariff...
Kraken, the New York‑based crypto exchange, has terminated CFO Stephanie Lemmerman just weeks before its long‑awaited initial public offering. Lemmerman, who came from Dapper Labs in November 2024, was responsible for steering the firm’s financial reporting and regulatory compliance. The...
S&P Global Ratings upgraded First Quantum Minerals' credit outlook to positive, citing tangible progress toward restarting the Cobre Panama copper mine. The agency now expects the mine to resume operations in the first half of 2026, with a production ramp‑up later...
Supply chain network SPS Commerce launched MAX, an agentic AI suite embedded in its platform, to automate and coordinate retail trading workflows. MAX offers Chat, Monitor, and Connect capabilities that surface risks, guide resolutions, and interact with external systems via...
Tax advice has moved from a cost‑saving exercise to a core deal‑risk discipline, with large corporates and private‑equity sponsors demanding certainty over clever tax tricks. Advisors now focus on historic tax positions that can surface during acquisitions, IPOs or refinancings,...
Lightyear Capital announced plans to carve out PayByPhone, the mobile parking platform, from its current owner Corpay. The move reflects growing private‑equity interest in technology‑driven parking solutions as cities seek smarter street‑parking management. At the same time, New Catalyst has...
CVS Health posted fourth‑quarter earnings that beat expectations, with adjusted EPS $1.09 versus the $0.99 forecast and revenue $105.69 billion versus $103.59 billion expected. The company reaffirmed its 2026 profit guidance of $7‑$7.20 per share and a revenue target of at least...
Jim Cramer highlighted NVIDIA as the primary beneficiary of the massive AI‑focused capital expenditures announced by mega‑cap technology firms. He noted that while some spend will go to Broadcom and Marvell, the bulk will flow to NVIDIA, helping the stock...
Strategy Investment, led by Michael Saylor, holds 714,644 bitcoins valued at roughly $49 billion, making it the largest corporate Bitcoin owner. Despite Bitcoin’s recent 15% slide to $60,000, Saylor dismissed credit‑risk concerns, saying the firm will refinance its $8 billion debt and...
Eudia, a Palo Alto‑based legal‑tech startup, closed a Series A round of up to $105 million in February 2025, led by General Catalyst and backed by a slate of prominent investors. The funding follows an 18‑month stealth period and comes as the company...
Longtime Costco shopper Rebecca Kaplan outlines how buying in bulk for a two‑person household slashes grocery costs. She highlights ten staple items—eggs, chicken nuggets, canned tuna, white bread, toilet paper, laundry and dishwasher detergent, drinks, protein pasta, and novelty snacks—along...
The blog explains why underwriting the searcher— the entrepreneur‑operator— is critical in search‑fund investing, where small businesses rely heavily on leadership grit. Unlike private‑equity deals that focus on scale and industry, search funds often lack seasoned CEOs, making operator quality...
Car dealers warn that rising new‑vehicle prices threaten sales in 2026. Average new‑car price now $50,000, monthly payment $750, loan terms 70 months, while consumer confidence hits an 11‑year low. Dealers plan to increase inventory of cheaper trims and used...
Jay Clayton, former SEC chair and U.S. attorney, reiterated his long‑standing criticism of the Foreign Corrupt Practices Act (FCPA), arguing that aggressive U.S. enforcement can unintentionally boost corruption abroad. He cited the act’s high compliance costs as a driver for...
A new APQC study shows only 41% of firms integrate cybersecurity into enterprise risk management (ERM), leaving a critical visibility gap. The report highlights that merely 23% apply unified risk structures to suppliers, despite third‑party breaches rising. CFOs can close...
HM Treasury hosted U.S. Treasury officials and regulators in London on 26 January 2026 for senior‑level industry engagement of the Transatlantic Taskforce for Markets of the Future. The dialogue explored ways to tighten capital‑market links and coordinate on digital‑asset policy. The Taskforce,...
I've been doing analytics for 14+ years. And I'm a Microsoft Excel MVP. It's 2026 and top Excel users know better than making this mistake: Ignoring Python. Because Copilot in Excel uses Python to work it's magic with your data. Even if it doesn't tell...
Software valuations are falling which means 409As that are getting updated now will fall too. Should you reprice underwater stock options? Here is everything to consider: https://t.co/VumYhlVzRr
HM Treasury released the Supplementary Estimates for the 2025‑26 fiscal year, presented to the House of Commons on 10 February 2026. The documents request parliamentary authority for voted expenditure across all government departments, covering resources, capital projects and cash needs....
About 65% of $SPGI's (down >20% over past month) pre-tax earnings come from ratings & indices. The potential challenge that AI poses to S&P's analytics/consulting/intel business is something I get. But I don't understand AI's bear case for ratings & indices,...
Exclusive: @candlemedia sells ATTN: back to founders Matthew Segal & Jarrett Moreno —Candle will maintain a minority stake —Segal and Moreno acquiring majority stake alongside a new investor group that includes Shari Redstone, Paul Wachter & more @axios https://t.co/MvQQNtTm26
Michigan Governor Gretchen Whitmer is set to unveil a budget proposal that includes a sales‑tax holiday on school supplies and a property‑tax refund for seniors. The holiday would suspend the 6% sales tax on clothing, classroom items and computers, while...
NEW: #Paramount updates hostile takeover bid for @WBD —Will pay the $2.8 billion termination fee WBD would owe Netflix if deal collapsed —Will pay a $0.25 per share "ticking fee," to WBD shareholders for each Q transaction has not closed after...
Stripe is in talks to launch a tender offer that could value the payments company at more than $140 billion, Axios Pro has learned from multiple sources. https://t.co/ZdKZhv7qn6 https://t.co/uSM0o6lKUo
U.S. stock indices have surged while consumer sentiment has plunged to near‑record lows since 2022, breaking a 25‑year correlation between market performance and household confidence. Economists attribute the split to worsening affordability, with consumer prices up 26% since 2019 and...
Oregon Democrats moved Senate Bill 5107 forward, aiming to raise more than $300 million for the state’s 2025‑27 budget by repealing several Trump‑era tax breaks and adding new credits. The bill eliminates the accelerated depreciation deduction, costing corporations an estimated $267 million...
The New York Times is promoting its DealBook newsletter, a daily briefing that aggregates the most critical business and policy news. Curated by veteran journalist Andrew Ross Sorkin and his team, the email delivers concise analysis of market moves, major...
