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
Most U.S. Public Pensions Underuse Proxy Voting to Manage Climate Risk, New Report Finds
Most of the 33 largest U.S. public pension funds are not leveraging proxy voting to address climate risk, according to the Sierra Club’s 2026 report. Only four funds earned top “A” grades, while 12 received “D” or “F” scores and six failed to disclose any voting data. The decline in climate‑related shareholder proposals in 2025, driven by new SEC anti‑ESG rules, has made director accountability votes increasingly critical, yet many pensions still fall short. Strong voting guidelines correlate with consistent support for climate resolutions.
Huddersfield Town's Wages Outpace Revenue, Losses Soar
Huddersfield Town submit 24/25 accounts when the club finished 10th in League One.🔑 figures #HTAFC ⚽️Revenue £10.6m ⬇️ 41% ⚽️Wages £16.9m ⬇️ 23% ⚽️Wages 159% of revenue ⚽️Average weekly wage £7,100 ⚽️Highest paid director £448k ⚽️Underlying loss £21.5m ⬆️ 14% ⚽️Player sale profits £1.6m ⬇️64% ⚽️Pre tax...
Weak Chinese Economy Fuels Outward Credit Hunt
There are a lot of stories about Chinese assets acting like havens, especially China IG credit outperforming. How do you square that with a very weak economy? Well, the reason China IG credit is outperforming is because of the weak economy....
Central Pattana Launches $3 B Mixed‑use Development Push in Thailand
Central Pattana Plc announced a THB 110 billion ($3 billion) investment plan to roll out 33 mixed‑use developments by 2030. The strategy targets new economic districts in Bangkok and regional growth centres, aiming to generate jobs and recurring income.
Fagron Posts 10% Q1 Revenue Rise and Sets Mid‑Single‑Digit FY26 Growth Target
Fagron N.V. announced first‑quarter 2026 revenue of €263.4 million, up 10.3% year‑on‑year, and forecast FY26 organic sales growth of mid‑to‑high single digits with a 20% REBITDA margin. The growth was powered by a 39% surge in Latin America and the recent...
Evotec Posts 7% Revenue Drop but Secures $650M Sandoz Deal and Phase II Pipeline Gains
Evotec SE posted third‑quarter 2025 revenue of €535.1 million, a 7% decline, while unveiling a strategic sale of its Just‑Evotec Biologics site to Sandoz valued at over $650 million. The company also highlighted cost‑out progress and the advancement of two drug candidates...
Ford Asks Aluminum Tariff Relief After Novelis Fire Disrupts F‑150 Output
Ford Motor Co. has formally asked the U.S. administration for relief from the 50% ad valorem aluminum tariff after a September blaze at Novelis' Oswego, New York plant knocked out aluminum sheets needed for the F‑150. The outage threatens $1.5‑$2 billion...
Khaby Lame's $975 Million Merger Stalls as Brokers Block Rich Sparkle Shares
TikTok sensation Khaby Lame’s $975 million merger with Hong‑Kong‑based Rich Sparkle Holdings has hit a roadblock as major brokerages barred trading in the target’s stock. The share price has tumbled more than 90% since the January announcement, leaving the deal’s completion...
ASSA ABLOY Completes €58 Million Rollerdoor Acquisition, Boosting Iberian Footprint
ASSA ABLOY announced the completion of its acquisition of Portugal‑based Rollerdoor Group, a sectional door maker with €58 million (≈$63 million) in 2025 sales. The deal is accretive to earnings per share from day one and expands the company's Entrance Systems Division...
The R&D Tax Credit: A Powerful but Overlooked Incentive for the Agriculture Industry
The federal Research and Development (R&D) Tax Credit, codified under IRC Section 41, now extends to agricultural innovators who experiment with crops, livestock, and production processes. Qualified Small Businesses (gross receipts under $5 million) can apply up to $500,000 of the credit...
Magna International to Divest Lighting and Rooftop Systems Businesses in $1.1 B Sales Split
Magna International signed definitive agreements to sell its Lighting business in two separate deals and its Rooftal Systems unit in a third, together accounting for about $1.1 billion in 2025 revenue. The carve‑outs, expected to close in the second half of...
ISS Urges Board to Reject Warner Bros. Discovery CEO's $887M Parachute in $77.7B Deal
Proxy adviser Institutional Shareholder Services (ISS) has advised Warner Bros. Discovery shareholders to vote against a $887 million golden parachute for CEO David Zaslav in the pending $77.7 billion Paramount Skydance acquisition. The recommendation comes as the deal could ultimately award Warner executives...
50‑Year Gold‑Backed Bond Restores Dollar Confidence
50-year gold-backed bond July 4th 2026 restores dollar confidence. Judy Shelton confirmed. 589 lights at NYC ball drop match XRP theory. Three backing assets: gold, oil, XRP at tier-one status. Pegged ratio stabilizes system.
Korea's Big Four Financial Groups Forecast Record Q1 Profit Over $4 B Despite Household Loan Drop
South Korea’s four leading financial holding companies are expected to post a record first‑quarter net profit of 5.3 trillion won (about $4 billion), a 5.8% year‑on‑year rise, even as household loan balances fell 0.31%. The gain is driven by higher corporate loan...
Singapore's Straits Times Index Poised to Open Higher as Sentiment Turns Positive
The Straits Times Index (STI) is tipped to open above the 5,000‑point mark on Thursday, signaling a shift to positive market sentiment in Singapore. The rally follows a brief two‑day slide and broader optimism sparked by a two‑week US‑Iran ceasefire,...
Energy Insiders Podcast: Why Wind Projects Are Stalled at the Gate
Large‑scale wind projects are hitting a financing wall, leaving many proposals stalled before construction. Richie Merzian of CEIG points to a looming carbon‑price (CGT) risk and structural flaws in the Clean Energy Incentive Scheme (CIS) as key deterrents. The episode...
Visa Inc. (V): Our Calculation of Intrinsic Value
A weekly DCF model values Visa Inc. at an enterprise value of $546.6 billion, translating to an equity value of $540.4 billion or $275‑$285 per share. The current market price sits near $302, suggesting the stock is about 7% overvalued. Visa’s asset‑light,...
Shopify Earns Most Money Beyond Subscriptions
Day 1 of 30: How $SHOP Shopify actually makes money Most think it's a SaaS subscription business... subscriptions are only 24% of revenue Here's the real breakdown 🧵
Cash Flow Underwriting Expands Economic Opportunity by Looking at Behavior in the Present, Not the Past
Cash flow underwriting replaces reliance on historical credit data with real‑time analysis of transactional accounts. By monitoring spending patterns, income streams, and debt management, lenders gain a dynamic view of a borrower’s current financial health. The approach complements traditional credit...
Catalano’s Australian Community Media Posts $7.9m Loss
Australian Community Media (ACM) reported a 30 million‑AUD (≈20 million‑USD) revenue decline to 214 million AUD and a net after‑tax loss of 7.9 million AUD (≈5.2 million‑USD) for FY2025, up from a 2.5 million‑AUD loss the prior year. The drop was driven by a 13 million‑AUD (≈8.6 million‑USD) fall in...
Low‑rate 2020‑21 Loans Force SME Refinancing Crunch
A lot of lending to small/midsize companies is for a term of 5 to 7 years. A great deal of debt issued 3/2020 to 9/2021 is therefore coming due these days. UST interest rates were near zero in that issuance...
Demo Day Revenue Targets Jump From $150K to $1M
Later stage investors always grumble about increasing valuations. But there is some basis in reality for it: companies do grow faster now.
Financial Services Bear Maximum Brunt of Late-March FPI Selloff
Foreign portfolio investors dumped over ₹60,000 crore (≈ $7.2 billion) from Indian financial services in the second half of March, the steepest outflow since 2012. The sell‑off peaked at ₹28,824 crore (≈ $3.5 billion) from March 16‑31, contributing 43% of the ₹67,081 crore (≈ $8.1 billion) withdrawn across 21 sectors. Banking...
Paramount‑Skydance Restructures Debt, Adding $31B to WBD
Pretty sure we need to add $31 billion or so of WBD debt to this number. Paramount Skydance Restructures Debt Financing for Warner Bros. Discovery Deal https://t.co/KdxmGFAyON via @variety
AI Tightens Travel Pricing, Forces Revenue Teams to Rethink Demand Conversion
AI‑powered revenue platforms are exposing razor‑thin margins in travel demand, where a 10% price shift now drives travelers to re‑evaluate bookings. CEOs and boutique owners say precision pricing, not aggressive hikes, is the new revenue lever, forcing CROs to overhaul...
Clean‑Tech Giant Ascend Elements Files Bankruptcy After $1.1B Raise
Ascend Elements, which raised $1.1 billion, is filing for bankruptcy as parts of the clean tech industry struggle https://t.co/fOhXjtm6fH
Russia's Central Bank Mulls Pause in Rate Cuts, Hinting at Ruble Support
Russia's central bank is weighing a pause in its series of interest‑rate cuts, a move that could shore up the ruble as inflation stays near 4‑5% and Middle‑East tensions loom. Advisor Kirill Tremasov said the April board will assess the...
Rule 506(b) Vs. 506(c): Which Reg D Exemption Should Your Startup Use?
Rule 506(b) and Rule 506(c) are the two primary Reg D exemptions for U.S. startup fundraising. 506(b) prohibits general solicitation, allows unlimited accredited investors and up to 35 non‑accredited investors with heavy disclosure, and requires no accreditation verification. 506(c) permits advertising but mandates...
Regulation D Explained: How Startups Raise Capital Without an IPO
Regulation D (Reg D) remains the cornerstone of private capital raising for U.S. startups, allowing companies to bypass costly SEC registration. The three primary exemptions—Rule 504, Rule 506(b), and Rule 506(c)—offer varying limits, investor qualifications, and solicitation rules, with 506(b) serving as the workhorse...
First Bancshares Inc (Missouri) (FBSI) Q1 2026 Earnings Call Transcript
First Bancshares reported a record $1 billion in annual revenue and $345 million net income for 2025, highlighted by a $87 million Q1 profit of $0.8055 per share. The bank posted a top‑quartile 1.8% return on assets and a disciplined 49% efficiency ratio....
From the Microsoft Dynamics GP Blogs: Hosting GP Doesn't Remove Risk; Rebuild GP Payables in D365BC; GP Power Tools Build...
The latest Microsoft Dynamics GP blog roundup debunks the myth that cloud hosting eliminates GP’s inherent risks, highlighting that while hosting improves accessibility and disaster recovery, it doesn’t address core system constraints. It also warns that moving to Dynamics 365 Business Central...
Shanghai Cooperation Organization Takes Steps to Open Financing Arm
Kyrgyzstan, set to chair the Shanghai Cooperation Organization in 2026, is pushing to launch an SCO Development Bank (SCODB) during its tenure. The bank concept was approved by all ten SCO members at the 2025 summit, with Chinese President Xi...
Why Entrepreneurs Are Turning to Trading Structures for Income Deferral
Entrepreneurs facing sudden income spikes are adopting trading structures to defer taxable earnings and smooth cash flow. By establishing entities that qualify as active businesses under IRC §162, they can generate legitimate trading losses that offset ordinary income. Advisory firms...
Singapore Listings Remain Scarce Despite Strong Equities Performance
Singapore’s Straits Times Index jumped 23% in 2025, breaking the 5,000 mark, yet IPO activity remains thin. The number of listings rose to 16 in 2024, still far behind Hong Kong’s 119 IPOs that year. Government and MAS have pledged S$6.5 bn...
Agentic Coding Poised to Replace Spreadsheets Entirely
why are spreadsheets the GOAT of no code tools? - unintimidating interface, just type numbers in a grid - easy to make something useful - shareable with a link - copy and make your own - insanely deep use cases (as a database, CRM, forecasting...
Cap Table Management: The Founder's Guide to Getting It Right From Day One
The article is a founder‑focused guide that treats the cap table as the core legal document of a startup, detailing what must be recorded—from common and preferred stock to options, SAFEs, convertible notes, warrants, and advisor equity. It stresses the...
YC Chem to Split Shares Amid Improving Earnings Outlook
YC Chem announced a 2-for-1 stock split, halving the par value from 1,000 to 500 won and raising shares outstanding to about 20.2 million. The move, slated for mid‑April, aims to improve liquidity on the KOSDAQ after a trading suspension. The...
Clarus Capital's Second Equipment ABS Deal Will Offer $310.1 Million
Clarus Capital is set to sponsor a $310.1 million equipment‑finance asset‑backed securities (ABS) deal, its second issuance on the Clarus Funding platform. The securitization will be structured into six tranches, with the AAA‑rated A2 tranche comprising $165.4 million of notes. The pool...
Unilever and McCormick Defend Food Tie-Up After Investor Jitters
Unilever announced advanced talks to sell most of its foods division to McCormick, creating a combined portfolio worth about $20 billion in FY 2025 revenue. The news triggered a sharp sell‑off, with Unilever shares falling over 7% and McCormick down 9% in...
Review Risk Exposure Before Friday Liquidity Drain
They are not on the same page at all. This is nuts. I would suggest reviewing your risk exposure before liquidity drains Friday as this ceasefire seems to be purely aspirational
US Rates - GSIB and Basel III Endgame Update
In this episode, JPMorgan researchers Ipek Ozil and Teresa Ho break down the latest Basel III endgame and GSIB surcharge proposals, focusing on how the changes will affect funding markets, especially repo and swap spreads. They explain that the new...
CoreWeave Takes As Much Financial Engineering As It Does Datacenter Design
CoreWeave announced that Meta Platforms has signed an additional $21 billion AI‑processing contract through December 2032, pushing CoreWeave’s revenue backlog to $87.8 billion with Meta accounting for 40.1 percent. The company’s 2025 sales jumped to $5.13 billion, though it posted a $1.17 billion net loss. To...
DOWNLOAD: Private Equity Fundraising Gets a Boost in Q1, Despite Fewer Fund Closings
Private equity fundraising in Q1 2024 reached $152 bn, a 14% increase over the same period last year, according to PEI Group data. The rise spanned buyouts, growth equity, secondaries, and venture‑capital funds. Despite the higher capital inflow, the number of...
Ukrainian Railways Bond Restructuring Rejected by Investors
Ukrainian Railways (Ukrzaliznytsia) failed to reach a debt‑restructuring agreement after bondholders rejected its opening proposal. The state‑owned operator seeks to restructure roughly $1.1 billion of outstanding bonds, a debt load swollen by war‑induced revenue drops and soaring repair costs. Damage from...
U.S. Postal Service Seeks Hike in Price of First-Class Mail Stamps to 82 Cents in July
The U.S. Postal Service announced a proposal to raise the price of First‑Class Forever stamps from 78 cents to 82 cents, effective July 12. The increase represents a 4.8% hike and is part of a broader set of price adjustments,...
Carlyle Interval Fund Limits Outflows After 15.7% of Assets Requested for Redemption
Carlyle’s flagship interval fund announced it will limit outflows after investors submitted redemption requests totaling 15.7% of the fund’s net asset value. The firm said the surge in withdrawal requests reflects a broader market shift toward liquidity rather than concerns...
Broaden View: Compare Foreign Holdings Across All Sovereigns
If you routinely post a chart of the foreign holdings of US Treasuries but never post a chart of the foreign holdings of other global Sovereigns, you are missing the forest for the trees. https://t.co/GMjr60j0dV
7-Eleven Owner Delays Plan to List US Convenience Store Unit
Seven & i Holdings announced it will postpone the initial public offering of its U.S. convenience‑store subsidiary, 7‑Eleven Inc., to fiscal 2027 at the earliest. The decision follows 23 consecutive months of year‑on‑year sales declines across the American network, signaling operational...
Japan's Itochu and Sankyu to Buy Singapore Plant Repair Firm SWTS
Japanese trading house Itochu and logistics group Sankyu announced a joint acquisition of Singapore‑based plant maintenance specialist SWTS. The deal, reported by Nikkei, aims to broaden both firms' service offerings across Asia’s industrial sector. SWTS, which maintains oil refineries and...
Racing’s Taxpayer-Funded $56m Slushie Attracts NSW Auditor’s Crop
The NSW Auditor‑General has criticised the Racing for the Regions program after a $126 million (≈$83 million USD) upgrade at a state track, of which $58.6 million (≈$38.7 million USD) came from taxpayer funds. The audit found the Department of Creative Industries, Tourism, Hospitality...