Today's Finance Pulse
Cemex secures $3 bn revolving credit facility
Cemex signed a five‑year, US$3 bn syndicated revolving credit facility to fund general corporate purposes, including refinancing existing obligations. The loan imposes a maximum consolidated leverage ratio of 3.75× net debt to EBITDA and a minimum coverage ratio of 2.75× EBITDA.
Also developing:
By the numbers: Pemberton Asset Management closes $3.7bn fourth vintage fund
Treasurers Turn Defensive as Volatility Becomes Business as Usual
Corporate treasurers are treating persistent market volatility as a permanent backdrop, shifting focus from reactive shock management to proactive balance‑sheet resilience. The 2026 Corporate Debt and Treasury Report shows 72% now expect volatility as business‑as‑usual, while only 8% cite material negative impacts from macro events. Treasury teams are refinancing earlier, diversifying funding sources, and prioritising debt repayment over acquisitions or capex. Simultaneously, AI, cybersecurity and risk management have risen to top‑three treasury priorities, reflecting a broader, technology‑enabled risk agenda.
Kraft Heinz: Undervalued And Fighting For Market Share
Kraft Heinz (KHC) appears markedly undervalued, with three independent valuation models placing its intrinsic equity value between $51 billion and $54 billion, far above the current $28 billion market capitalization. Despite this, the company is losing U.S. market share and earnings have been...
Ranbir Kapoor-Backed Prime Focus Shares Gain 2% After Firm Returns to Black with Rs 82 Crore Net Profit in Q4
Prime Focus reported a Q4 FY26 net profit of Rs 82 crore (≈$10 million), reversing a Rs 231 crore loss from the same quarter last year. Revenue surged 42% YoY to Rs 1,375 crore (≈$165 million), while EPS rose to Rs 1.14 from a negative Rs 7.70. The firm faces...
Closing the Data Verification Gap for Software Deal Associates
Most junior associates can build a model, Claude aside. Far fewer can tell whether the numbers going into it are real. That's the gap I hope to close with a new hands-on program, specifically for software deals, where "ARR," "retention,"...
AirJoule Technologies Announces $15.0 Million Registered Direct Offering of Common Stock
AirJoule Technologies Corp. announced a registered direct offering of 3,658,536 common shares, targeting roughly $15 million in gross proceeds. The capital is earmarked for commercializing the AirJoule Core and Prime water‑from‑air systems and for general corporate purposes. Combined with existing cash,...
BitGo CFO Reginelli Highlights 440% Revenue Jump and Debt‑Free Balance Sheet
BitGo posted $6.2 billion in Q4 2025 revenue, up 440% year‑over‑year, driven by digital‑asset trading, subscriptions and its new Stablecoin‑as‑a‑Service. CFO Edward Reginelli emphasized the company’s debt‑free capital structure while warning that staking fees will fall as crypto prices stay pressured.
Mercury Secures $200M Series D at $5.2B Valuation, Eyes US Bank Charter
Mercury announced a $200 million Series D financing round that lifts its valuation to $5.2 billion. Led by TCV, the round brings total capital raised to roughly $700 million and fuels the company’s plan to apply for a U.S. national bank charter.
Tech Industries Show Wider ROIC Gaps Than Consumer, Industrial
Michael Mauboussin on ROIC by industry: "The dispersion of returns is generally lower for industries in the consumer and industrial sectors and higher for industries in the technology sector." "A company’s ROIC is determined in part by the industry it competes...
Hub Group CFO, COO Depart Following Accounting Error
Hub Group announced that CFO Kevin Beth and COO Brian Meents are leaving the firm, with both agreeing to assist on a consulting basis during the transition. The departures come as the transportation logistics company prepares to restate its 2023...
Economic Value of Equity (EVE): Definition and Risks
The Economic Value of Equity (EVE) calculates a bank’s net present value of assets minus liabilities, providing a clear gauge of long‑term interest‑rate risk. Unlike earnings‑at‑risk, which captures short‑term fluctuations, EVE reflects how rate shifts affect total capital. Regulators worldwide...
Qingdao Port Seeks Broad Financing and Share Buyback Powers
Hong Kong‑listed Qingdao Port International is asking shareholders to approve a sweeping set of capital‑market measures, including debt issuance, equity financing and a share‑buyback programme. The proposals would give the company the right to issue new shares or convertible bonds,...
Claude Company Anthropic Nears a Trillion-Dollar Valuation After Raising $65 Billion in Series H
Anthropic announced a $65 billion Series H financing round that lifts its valuation to $965 billion, edging close to the trillion‑dollar mark. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia, and includes a $15 billion commitment from cloud providers, of which...
HKEX Targets Central Asian Firms with Deep‑Liquidity Listings
HKEX chief executive Bonnie Chan Yiting announced a drive to attract Central Asian companies for secondary listings, emphasizing Hong Kong’s average daily turnover of HK$270 billion (US$34.5 bn). The push follows recent Kazakhstan bond issuance and dual‑listing successes, positioning the city as...
Nutanix Q3 2026 Earnings Beat Forecast as CFO Highlights Subscription Growth and Cash Flow
Nutanix reported Q3 fiscal 2026 revenue of $703 million, surpassing guidance, while annual recurring revenue rose 15% to $2.435 billion. CFO Rukmini Sivaraman highlighted the company’s subscription‑driven cash‑flow generation and strong bookings, underscoring a resilient business model amid supply‑chain pressures.
USPS Suspends Nonessential Expenses Amid Cash Shortage
The United States Postal Service announced a freeze on discretionary spending, cutting travel, office supplies and nonessential professional services as it battles a temporary cash‑flow shortage that could run out by early 2027. The agency has already raised stamp and...
The New Hedging Dilemma
Commodity hedging has moved from a back‑office risk tool to a boardroom strategy as price swings in energy, metals and agriculture intensify. CFOs at firms like Fonterra, Infinity Natural Resources and Siemens are openly linking hedge decisions to margins, pricing...
The Compliance Job Market These Days
Compliance hiring has stalled across most sectors, with modest growth only in healthcare, crypto and payment firms. Economic‑political headwinds, AI uncertainty, reduced churn, and systematized compliance are dragging demand. Yet trade‑tariffs, AI governance, and whistleblower oversight create niche opportunities. Job...
Report: Private Credit Opacity Poses Risk to Financial System
A Financial Stability Board report warns that the rapidly expanding private‑credit market, now valued between $1.5 trillion and $2 trillion, remains opaque and difficult for regulators to monitor. Banks have become critical nodes, financing private‑credit funds and holding CLOs, which creates complex...
Beeline Holdings to Acquire 100% of AI Real Estate Company
Beeline Holdings announced a non‑binding LOI to acquire 100% of MagicBlocks, an AI‑driven real‑estate technology firm, for an estimated $1 million. The deal will give Beeline full control of MagicBlocks’ proprietary AI, blockchain settlement and tokenization platforms, bolstering its digital mortgage...
Auditoria.AI Introduces Governed Autonomy for Enterprise Office of the CFO
Auditoria.AI unveiled Governed Autonomy, a framework that lets autonomous AI agents execute finance workflows within pre‑defined guardrails, eliminating the need for human approval on every transaction. The solution addresses the governance bottleneck identified by 46% of enterprises as a top...
TIL Why Reddit Stays Capital Light
Reddit CFO Drew Vollero explained how the platform keeps capital expenditures remarkably low, spending just $7 million in 2025 and $1 million in the first quarter of 2026. The company relies on third‑party cloud providers like Google and Amazon, paying only for...
Zone & Co Partners With Nixtla For TimeGPT Forecasting And Anomaly Detection
Zone & Co has partnered with Nixtla to embed Nixtla’s TimeGPT foundation model for time‑series directly into its ERP‑native financial platform. The integration delivers continuous anomaly detection for billing and usage and cash‑flow forecasting without requiring a data‑science stack. TimeGPT’s...
Mid-Market Founders Face 5x Valuation Multiples as M&A Pace Slows
Storm Duncan of Ignatious warns that mid‑market tech founders now negotiate around 5x revenue multiples, far below the 15x highs of 2021‑22. He outlines a disciplined approach to preparation, risk allocation, and timing as buyers become more selective.
Blackstone Commits up to $1.3 Billion to Fund Apogee Therapeutics' Zumilokibart Program
Blackstone Life Sciences announced a financing package of up to $1.3 billion for Apogee Therapeutics, combining $800 million in synthetic royalty financing and $500 million in senior debt. The capital will accelerate development and potential commercialization of Apogee’s lead monoclonal antibody, Zumilokibart, targeting...
Taiwanese Tech Firms Secure Record $14.5 Billion Debt to Power AI Chip and Server Build‑out
Taiwanese semiconductor component makers and server manufacturers have closed $14.5 billion of debt deals in 2026, the largest borrowing wave for the island’s AI‑hardware sector. The financing surge reflects soaring demand for AI chips and servers and mirrors a global tech‑debt...
Gordon Brothers Acquires Radley, Shuts 21 UK Stores in Asset-Light Deal
Distressed‑asset specialist Gordon Brothers completed a pre‑pack administration purchase of British handbag maker Radley on May 26, 2026, resulting in 42 immediate redundancies and the closure of all 21 UK retail outlets by summer. The new owner will run Radley...
Johnson Matthey to Acquire Cormetech in $460 Million Deal Targeting Data‑Centre Growth
Johnson Matthey agreed to buy US catalyst maker Cormetech for up to $460 million, valuing the target at $360 million with a $100 million earn‑out. The move bolsters JM’s clean‑air portfolio as data‑centre demand surges, even as the group’s FY pre‑tax profit fell...
Euronext Rules Out Deutsche Börse Merger as EU Regulators Block Deal
Euronext chief Stéphane Boujnah told an Italian parliamentary hearing that a merger with Deutsche Börse is not feasible in the near term, after EU regulators denied approval. The decision leaves Europe’s $16 billion market‑infrastructure sector split across national operators, preserving the status...
HP CFO Parkhill Outlines Cost Controls as Q2 Revenue Climbs 9% to $8.2B
HP posted $8.21 billion in Q2 2026 revenue, a 9% year‑over‑year increase, and CFO Karen L. Parkhill used the earnings call to spell out aggressive cost‑management tactics and a cautious view on input‑cost inflation. The company also highlighted $800 million of free cash...
Bath & Body Works Reaffirms 2026 Outlook, Names Tom Javitch Interim CFO as Shares Surge 17%
Bath & Body Works (BBWI) reaffirmed its fiscal 2026 guidance—net sales down 4.5%‑2.5% and EPS $3.00‑$3.25—while naming Tom Javitch interim CFO. The retailer’s Q1 results beat expectations, sending the stock up 16.9% to $20.72.
Monthly Profit‑First Checks Prevent Small Misses Turning Big
Pulled a client's books last week and caught that her Profit First account allocations had stopped flowing in April. The fix was quick. The reason I check this every month is because nobody else does, and the small misses compound...
The $150B US Treasury Drain and the End of the “Ample Reserve” Buffer
Michael Kramer warns that between May 28 and June 5, 2026 the U.S. Treasury will pull roughly $150 billion of liquidity from the market as new debt settlements outpace maturities. The Treasury General Account is swelling toward $1 trillion, leaving private bank reserves depleted....
How We Used Cortex Code to Turn Finance Variance Analysis Into a Live, Intelligent Workflow
Snowflake’s Cortex Code (CoCo) enabled a finance team to replace a static Excel budget‑vs‑actual workbook with a live, AI‑enhanced dashboard in weeks. The app pulls actuals directly from Snowflake, auto‑refreshes, and provides AI‑generated variance commentary that analysts can review rather...
Share Buybacks: Are You Doing It Wrong?
Fortuna Advisors’ 2026 Buyback ROI Report finds that most S&P 500 companies repurchase shares at sub‑optimal prices, missing out on significant value. If firms had bought back stock at the average quarterly price, they could have retired 4.9% more shares, worth...
A Card, a Club, a Quiver: International Seaways’ Jeff Pribor Gives a Lesson in ATM 101
International Seaways' CFO Jeff Pribor outlined the firm’s contemplation of an at‑the‑market (ATM) equity offering, a tool that lets companies sell shares directly into the open market. He highlighted the tanker sector’s strong cash flow and the strategic value of maintaining...
Blackstone Commits up to $1.3bn to Apogee’s Skin Drug
Blackstone is committing up to $1.3 billion in structured financing to Apogee Therapeutics, including $800 million in equity and $500 million in debt with royalty‑linked returns. The capital will accelerate development of zumilokibart, a candidate for atopic dermatitis that hit its primary endpoint...
Why Nigerian Banks in Kenya Defy Abuja’s Foreign Ownership Rule
Nigerian banks have refused to cut their Kenyan stakes despite the Central Bank of Nigeria’s new rule capping foreign subsidiary ownership at 10% of shareholders’ funds. The CBN gave lenders a 12‑month window to either raise local capital or dilute...
Computacenter to Acquire Government Acquisitions for Up to $92 Million, Expanding U.S. Federal Reach
Computacenter plc agreed to buy Government Acquisitions Inc. for up to $92 million, with an initial $63 million cash payment and up to $29 million in performance earn‑outs. The acquisition, slated to close on June 1 after CFIUS clearance, will broaden Computacenter’s public‑sector services...
CIBC Announces Intent to Repurchase Up to 30 Million Shares in New Normal Course Issuer Bid
Canadian Imperial Bank of Commerce (CIBC) filed a notice with the Toronto Stock Exchange to launch a normal course issuer bid for up to 30 million common shares, representing roughly 3.3% of its outstanding equity. The buyback will be priced at...
Cadeler Share Up Almost 40 Percent in 2026: Cadeler Launches Share Buyback Programme Worth 700,000 Euros
Cadeler A/S announced a share buyback programme worth up to €700,000 (about $760,000) that runs from 27 May to 5 June 2026. The programme, authorised by shareholders, allows the purchase of up to 105,275 shares at no more than the higher of the...
Claude Pricing Raises New Budgeting Questions for CFOs
Enterprise adoption of Anthropic's Claude AI is prompting CFOs to confront consumption‑based pricing that mirrors utility costs. Microsoft recently curtailed internal Claude Code licenses as token expenses spiked, while Uber burned through its 2026 AI budget by April after deploying...
The SEC’s Proposal on Semiannual Reporting Is Easier Said than Done
The SEC has issued a proposal allowing public companies to replace three quarterly Form 10‑Qs with a single semiannual Form 10‑S. Firms could adopt a pure semiannual cadence, a hybrid model with voluntary interim updates, or retain quarterly reporting. Smaller‑cap, pre‑revenue and...
Fertitta to Acquire Caesars in $17.6B Cash Deal
Deja-vu.. "... all-cash transaction valued at approximately $17.6 billion, including the assumption of approximately $11.9 billion of Caesars’ outstanding debt." Caesars Entertainment Enters Into Agreement to Be Acquired by Fertitta Entertainment https://t.co/3MREIGHzfq
Advaya Capital Acquires Comscore Movies for $70M, Rebrands as Rentrak
Advaya Capital has bought Comscore's Movies division for $70 million, renaming it Rentrak. The deal brings veteran film executives onto the board and signals a private‑equity push into AI‑enhanced box‑office analytics as the U.S. summer box office tops $3.4 billion year‑to‑date.
Butterfield & Son to Acquire CIBC Caribbean Stake in $1.8 Billion Deal
Bank of N.T. Butterfield & Son Ltd. announced a $1.794 billion agreement to purchase Canadian Imperial Bank of Commerce’s 91.7% stake in CIBC Caribbean Bank Ltd. The deal, split between $1.091 billion in cash and $703 million in Butterfield shares, is slated to...
SpaceX Files $75 Bn IPO Prospectus, Eyes $1.75‑2 Trillion Valuation
Elon Musk’s SpaceX submitted a Form S‑1 seeking to raise at least $75 billion and list on Nasdaq under SPCX with a valuation between $1.75 trillion and $2 trillion. The filing spotlights a booming Starlink business, a cash‑intensive AI unit, and massive losses...
GA 634 | Doubling Profits in 90 Days with Ben Hansen
In this episode, Ron interviews Ben Hansen, the "Profit Doctor," who explains how companies can double their net profit within 90 days by identifying and plugging "profit leaks." Hansen outlines his core promise: increasing a firm's profit margin by five...
Risk Management Is Moving Back to the Center of Portfolio Construction — and This Is How Advisers Are Doing It
Portfolio construction is moving away from pure return hunting toward embedding risk management at the core. Recent market episodes, especially the 2022 stock‑bond sell‑off, exposed the fragility of traditional diversification. Advisors are increasingly turning to defined‑outcome and buffered ETFs, a...
ECB Flags Hedge Fund Leverage as Potential Threat to European Bond Market Stability
The European Central Bank warned that hedge funds are using roughly 25‑times leverage in euro‑area bond basis trades, raising financial‑stability risks. Highly leveraged relative‑value strategies could force rapid deleveraging during market stress, amplifying price swings in sovereign debt. The ECB...
Standard Chartered Executes First China Bond Futures Trade
Standard Chartered Bank (China) completed the inaugural Qualified Foreign Investor (QFI) trade of China Government Bond (CGB) futures, serving as both custodian and margin‑depository. The China Securities Regulatory Commission, People’s Bank of China and SAFE opened CGB futures to QFIs...