Today's Finance Pulse
Anthropic secures $65B round, valuation hits $965B
Anthropic announced a $65 billion Series H financing that pushes its post‑money valuation to $965 billion, overtaking OpenAI as the world’s most valuable AI startup. The capital surge reflects strong enterprise demand for its Claude chatbot and reshapes the AI sector ahead of upcoming high‑profile IPOs.
Also developing:
Sherritt Announces Non‑Brokered Private Placement for up to $50 Million
Sherritt International Corp. announced a non‑brokered private placement to raise up to CAD $50 million (≈ US $37 million). The deal includes Seymour Schulich subscribing for up to 68.6 million common shares for CAD $14.4 million, with the company issuing up to 238.1 million shares at CAD $0.21 each (≈ US $0.16). The net proceeds will be used for general corporate purposes and to support strategic initiatives, and the placement is expected to close around April 7, 2026. Concurrently, board member Louise Blais stepped down to concentrate on her advisory firm, Blais Global.
Ariel Arranges Condo Inventory Loan for Newly Constructed Residential Project
Ariel Property Advisors’ Capital Services Group arranged an $11.8 million condominium inventory loan for a 20‑unit new‑build project in Upper Manhattan. The loan is interest‑only at 9.5%, runs 18 months, and is priced at 70 % loan‑to‑value. By borrowing at a 20 % premium...
PSK: Ultra-Long Duration Debt Component At Risk From Debt Cost Revaluations
State Street’s SPDR ICE Preferred Securities ETF (PSK) is under pressure as its heavy financial sector weighting and long effective duration expose it to rising yields. The ETF’s ultra‑long‑duration debt component faces cost revaluation, eroding its resilience. Higher debt costs...
Review of Merchant Card Payment Costs and Surcharging – Conclusions Paper
The Reserve Bank of Australia’s Payments System Board released a Conclusions Paper outlining sweeping reforms to the nation’s card‑payment system. It will remove mandatory surcharging on debit, prepaid and credit cards, lower interchange fee caps and boost fee‑transparency across eftpos,...
Are Bank Stocks a Buy? CBA, NAB, ANZ, Westpac, MQG
Richard Hemming explains why Under the Radar Report remains invested in Australia’s big banks—CBA, NAB, ANZ, Westpac and Macquarie—despite a prolonged sell‑side consensus. The four‑bank system controls roughly 70% of mortgage lending and has generated about 6% annual returns over...
Even Legacy Founders Eventually Cash Out
Sysco just acquired Restaurant Depot from its 94 year old founder for $29B. Every founder will eventually exit their business at some point.
Morningstar DBRS Finalizes Its Provisional Credit Ratings on FIGRE Trust 2026-FL1
Morningstar DBRS finalized provisional ratings for FIGRE Trust 2026‑FL1 mortgage‑backed notes, assigning AAA to the $222.6 million Class A‑1 tranche and AA to the $28.7 million Class A‑2 tranche, among others. The transaction backs $274.6 million of first‑lien HELOCs originated by Figure, with...
SPMO: March Rebalance Brings 54% Portfolio Turnover, Added Earnings Risk
Invesco’s S&P 500 Momentum ETF (SPMO) received a “hold” rating after its March 2026 rebalance, which drove portfolio turnover to 54% and lifted technology exposure to 44% of assets. The fund now shows an estimated 26.93% EPS growth for the coming...
Are Credit Union Commercial Loans Risky Business?
The episode examines the rapid growth of commercial lending by credit unions, highlighting how regulatory changes since the 1990s—especially the 2016 waiver process and the rise of low‑income designations—have allowed many credit unions to exceed historic lending caps. Dan Brown...
Rocket Lab Wins German Approval for Mynaric Deal
Rocket Lab received approval from Germany's Federal Ministry for Economic Affairs and Energy to acquire laser‑communications firm Mynaric for roughly $150 million, clearing the final regulatory hurdle. The approval, announced on March 30, enables the deal to close in April and marks...
The Secrets to Handling Rapid Revenue Growth
Horizon3.ai’s revenue is surging, prompting CFO Holly Grey to balance rapid growth with disciplined support structures. She’s scaling staffing, customer‑support mechanisms, and finance automation to keep transactions flowing and customers happy. Industry data from RapidRatings shows a 50% revenue jump...
NBA Board of Governors Approves Sale of Trail Blazers to Investor Group Led by Tom Dundon
The NBA Board of Governors has approved the sale of a controlling interest in the Portland Trail Blazers to an investor group led by Tom Dundon. Dundon will assume the role of the franchise’s Governor, and the transaction is slated...
Most Hospital Revenue Is Not From Patient Care
A new Trilliant Health analysis shows that hospitals generate only about one‑third of their gross revenue from patient care, with a median of 29.9% in 2024. The share varies widely, from 8.3% to 86.6%, and is lower for for‑profit facilities...
Report: Auto Finance Departments Worried About Losing Billions On Used EVs
Automakers' finance arms are confronting a looming multi‑billion‑dollar hit as a wave of leased electric vehicles returns to the market with resale values far below expectations. Analysts estimate EVs lose about 60% of their value in the first five years,...
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agilon health, inc. announced a 1‑for‑25 reverse stock split effective March 31, 2026, converting each existing share into 0.04 of a new share and changing its ticker to AGL1. The split will be executed before the market opens, raising the per‑share price...
Morningstar DBRS Confirms Ryder System, Inc.'s Long-Term Credit Rating of A (Low); Trend Remains Stable
Morningstar DBRS confirmed Ryder System’s long‑term issuer rating at A (low) with a stable trend, reflecting the firm’s resilient earnings despite a prolonged freight downturn. The rating agency highlighted a modest year‑over‑year earnings increase in 2025, driven by multiyear lease...
U.S. Bank Extends Loan Terms in Bid to Address Affordability
U.S. Bank announced it will extend its home‑improvement loan terms from five years to six or seven years, targeting larger renovation projects. The move is designed to address growing affordability concerns among American households as home‑improvement spending stays above $600 billion...
Coatue Projected $1.995 Trillion Valuation for Anthropic in 2030
Coatue Management disclosed a projection that AI safety startup Anthropic could reach a $1.995 trillion valuation by 2030. The firm’s model shows a $14 billion EBITDA loss on $18 billion revenue in 2026, rising to $48 billion EBITDA on $200 billion revenue by 2031. Recent...
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SIGA Technologies Inc. announced a special cash dividend of $0.60 per common share. The dividend’s record and ex‑distribution date is April 7, 2026, with payment scheduled for April 23, 2026. The Options Clearing Corporation (OCC) will adjust related options contracts, reducing strike prices by...
Inventiva Reports 2025 Full Year Results and Provides a Business Update
Inventiva posted 2025 revenues of €4.5 million (≈ $4.9 million) and ended the year with €99.3 million ($108 million) in cash and €131.6 million ($143 million) in short‑term deposits. The company raised $172.5 million (≈ €149 million) in a U.S. public offering and expects its cash runway to last until...
Brookfield Real Estate Faces Investor Scrutiny Ahead of India’s Excelerate 2026 Summit
Brookfield Corporation, with $180 billion of its own capital and $1 trillion in assets under management, is drawing heightened investor attention as it prepares to present its real‑estate strategy at the Excelerate 2026 conference in Mumbai. The event, featuring Brookfield’s MD Ashank Kothari,...
Connecticut Sun Sale to Rockets Owner for $300 Million Sets Move to Houston in 2027
The Connecticut Sun have agreed to a $300 million purchase by Houston Rockets owner Tilman Fertitta, with the franchise slated to relocate to Houston in 2027. The deal marks one of the largest transactions in recent WNBA history and could reshape...
Rebellions Secures $400 Million Pre‑IPO Funding, Valued at $2.34 Billion
Rebellions, the South Korean fabless AI inference chip maker, raised $400 million in a pre‑IPO round led by Mirae Asset and the Korea National Growth Fund, lifting its valuation to $2.34 billion. The cash will fund aggressive expansion into the United States,...
NMI Holdings Executive Executes $756,000 Cashless Options Exercise
Bradley Shuster, executive chairman of NMI Holdings, exercised 55,158 stock options and immediately sold 19,430 shares in a cashless transaction valued at roughly $756,000. The move left him with 415,411 directly held shares, a total of 462,561 shares including trust...
Verizon Cuts $9 B Costs, Completes $20 B Frontier Deal Under New CEO
Verizon Communications, led by CEO Dan Schulman, has reduced combined operating and capital expenses by $9 billion, closed its $20 billion purchase of Frontier Communications and announced a $25 billion share‑buyback. The moves underpin a free‑cash‑flow surge and the company’s 20th straight dividend...
German Inflation Jumps to 2.7% in March, Stoking Euro Stock Volatility
Germany's consumer price index surged to 2.7% year‑on‑year in March, driven by a rebound in energy prices, prompting the DAX to slip marginally after a near‑12‑month low. The data heightens market scrutiny of the European Central Bank’s next moves and...
Watch if France, Japan, UK Echo US Yield Drop
As we monitor global bond markets, please keep an eye on whether France, Japan, and the UK mimic the retreat in US yields. The three G7 markets have already faced pressure from bond vigilantes since 2022. Whether they follow the US lead...
Payment Fees Are a Business Cost, Not a Complaint
The people surprised by this have yet to learn of the cost of doing business and just how much a payment provider does for them. $17k on $600k revenue isn’t something you complain about out. You price it in.
BTQ Technologies Schedules Shareholder Call to Unveil 2025 Results and Corporate Outlook
BTQ Technologies Corp. will host a live shareholder webcast on March 31, 2026, at 12:00 p.m. EST to release its 2025 financial statements and provide a corporate update. The call, led by CEO Olivier Roussy Newton, aims to outline the company’s progress...
Private Credit Stress
Private Credit contagion on top of negative supply shock... Wall St risks directly to affect Main St. Will Bessent do "whatever it takes" to push down long-term MBS rates & govt bond interest expense? QE & rate cuts would be especially inflationary.
Goldman Predicts Retail Outflows in Direct Lending Through 2027
Good episode from Goldman on private credit. They forecast outflows from retail channel for direct lending into 2027 https://t.co/eP2DhDcZhr
Fintech Firms Scramble for Banking and Payment Licences as Nigeria's New Vision Reshapes Competition
Nigeria’s central bank unveiled a Payments System Vision at the Africa Capital Forum, prompting fintechs to rush for banking and payment licences. The move coincides with $706.84 million of foreign capital entering the country’s banking recapitalisation, underscoring the high stakes for...
Bureau Veritas and Trade Technologies Link Compliance and Finance Workflows
Bureau Veritas and Trade Technologies have formed a partnership to embed inspection and conformity documents directly into trade‑finance workflows. The integration targets document‑heavy markets in the Middle East and Africa, aiming to speed up letter‑of‑credit (LC) processing and reduce compliance...
Labor Dept Proposes Rule to Permit Crypto in 401(k) Plans
The U.S. Department of Labor unveiled a proposal that would let 401(k) plans invest in cryptocurrency and other alternative assets. The rule creates a safe‑harbor framework for fiduciaries and opens a 60‑day comment period, signaling a shift in retirement‑savings policy.
Sysco Shares Drop 12% After $29.1B Jetro Deal, Buyback Paused
Sysco Corp. saw its shares tumble 11.7% to $72.23 after announcing a $29.1 billion acquisition of Jetro Restaurant Depot. The deal includes $21.6 billion in cash and 91.5 million Sysco shares, and the company put its share‑buyback program on hold to prioritize rapid...
Kaleon: The Board of Directors Has Approved the Separate Financial Statements and the Consolidated Financial Statements as of December 31,...
Kaleon S.p.A. approved its FY 2025 separate and consolidated financial statements, reporting €23.2 million (≈$25.5 million) in revenue, a 6.8% increase YoY, and adjusted EBITDA of €6.1 million (≈$6.7 million) at a 26.3% margin. Net profit reached €1.6 million (≈$1.8 million), while net cash turned positive to...
USDC Accounts Now Essential for Growing Businesses
One of fastest growing financial platforms for businesses just launched USDC-based stablecoin accounts for use across treasury and payments. Pretty soon, if you're an SME, Startup or growth company, not having USDC support will be a competitive disadvantage.
The NPT Executive Session Featuring Jonathan Reckford: It’s Time To Be Financially Nimble And Politically Nonpartisan
Jonathan Reckford, CEO of Habitat for Humanity International, warned that global volatility—oil shocks and tariff concerns—is hitting low‑income families hardest. He urged nonprofit leaders to adopt rapid, “quick and dirty” scenario planning to stay financially nimble amid a possible downturn....
What CFOs Should Know About Liability Management Exercises
PwC’s Steven Fleming warns CFOs to treat early financial distress like health red flags, urging proactive measures. He notes U.S. bankruptcies rose to a decade‑high of 552 filings in 2024, driven by sectors such as real estate and consumer goods....
Foam Flies over Aviation Fire Truck Privatised Funding Bid
Airservices Australia announced a plan to restructure financing for its aviation firefighting fleet by introducing hybrid funding models, including a potential sale of assets to a sovereign wealth fund. The United Firefighters Union of Australia’s Aviation Branch condemned the move,...
How Trintech’s CPO Adds ‘Flavor’ to Core KPIs
Trintech’s chief partner officer, Mekaela Davis, explains how the CPO role adds a distinct "flavor" to traditional performance metrics by drilling down on partnership‑specific data. The position, which has been expanding faster than chief marketing or revenue officer roles, now...
Chevron Corporation: Credit Rating Report
On March 20, 2026, DBRS, Inc. confirmed Chevron Corporation’s issuer rating at AA with a stable outlook. The rating underscores Chevron’s strong balance sheet, consistent cash generation, and disciplined capital allocation. Analysts view the AA rating as a vote of...
Private Credit's Safety Mask Hides Looming Liquidity Mismatch
Private credit is the new ‘safe’ asset… until investors ask for their money back. Liquidity mismatch is always invisible right before it isn’t. https://t.co/M1wS4yXZhw
BDC Discounts Explained: Loans Preferred Over Bulk Share
I wanted to know if public BDCs (business development companies) are trading at such a discount, how come they don't just buy their shares in bulk, instead of making new loans in private credit market? @LeylaKuni's answer was very revealing. https://t.co/7N1vWdkr6W...
6 Biggest Cybersecurity Mistakes CEOs Make
A 2025 EY study found 84 % of organizations faced a cyber incident in the past three years, many of which were preventable with stronger leadership. CEOs often treat cybersecurity as a technical checkbox rather than a strategic priority, leading to...
Report on Organisational Structure and Internal Control.
Plasticos Compuestos S.A., listed on Euronext Growth under ticker ALXP, published a detailed report on its organisational structure and internal control on March 30, 2026. The document outlines the company’s governance hierarchy, risk‑management processes, and compliance mechanisms. It demonstrates the...
Audit Report and Annual Accounts for the Financial Year Ended 31 December 2025 and Management Report.
Plasticos Compuestos S.A. (ticker ALXP) released its audited 2025 financial statements and management report on March 30, 2026. The audit confirmed full compliance with International Financial Reporting Standards and highlighted a 12% increase in net profit year‑over‑year. The company declared...
ONE Adds to Asian Terminal Holdings with Laem Chabang Deal
Ocean Network Express (ONE) announced the purchase of a 30% stake in Hutchison Laemchabang Terminal Limited, Thailand’s largest marine terminal operator, from Hutchison Ports. The deal’s financial terms were not disclosed. The acquisition adds to a series of recent Asian...
Travel Points Valuations Overstated: Most Numbers Too High
Most Miles And Points Valuations Are Wrong — Why All The Published Numbers Are Too High - View from the Wing https://t.co/kZqGqmxFEy
Ginnie Mae Gives Issuers a Break, Adds New Prepayment Data
Ginnie Mae announced immediate relief for issuers filing annual audited financial statements by eliminating the 15‑day advance notice for extension requests, allowing submissions through Ginnie Mae Central on the due date. The change comes as issuers manage a new audit...