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:
BBC Unveils 10% Cost‑Cut Plan Over Three Years to Ease Financial Pressure
The public broadcaster announced a three‑year programme to cut costs by 10%, focusing on budgeting, capital spending and operational efficiency. The move aims to counter ongoing financial pressures and preserve core services, though exact savings figures were not disclosed.
Micron Shares Dip 3% After Cash Offer to Buy Back Senior Notes
Micron Technology (MU) fell 3.26% to $382.76 after unveiling a cash offer to purchase all outstanding senior notes, a move that investors say could reshape its balance sheet. The offer, which runs until March 31, comes amid broader pressure on...
China Shineway Pharma Posts $133 M Profit Rise Despite 17% Revenue Drop
China Shineway Pharmaceutical Group Limited announced a full‑year net profit of RMB949.95 million (about $133 million), up from RMB840.05 million a year earlier. The gain came even as revenue slipped 17% to RMB3.135 billion ($439 million), highlighting a mixed performance in China's generic drug market.
January, February Active Months for RIA M&A
MarshBerry reported 55 RIA M&A deals in January‑February 2026, an 8.3% decline from the record‑setting 2025 pace but 14.5% above 2024, indicating sustained deal flow. Private‑capital‑backed buyers accounted for roughly 69% of transactions, with Hightower Advisors, CAPTRUST and Mercer Advisors...
Earnings Drive AI Stock Gains, but Accounting Tricks Matter
Earnings growth supports stock price growth in the AI era. But do factors like extending the useful lives of tangible assets, aggressively capitalising costs rather than expensing them, and share buybacks also play a role?
Wall Street Reels as Iran War Shatters Its Portfolio Defenses
The Iran‑Israel conflict has triggered a broad market sell‑off, pushing the Nasdaq 100 down 1.9% and extending the S&P 500’s five‑week losing streak, its longest since 2022. Bond markets reacted sharply, with 30‑year Treasury yields climbing toward 5% and short‑term TIPS...
SEALSQ Corp (LAES): One of the Popular Penny Stocks on Robinhood
SEALSQ Corp announced a Letter of Intent to acquire quantum‑interconnect specialist Miraex, granting a 60‑day exclusivity period for due diligence and targeting a June closing. The deal will be financed through SEALSQ’s Quantum Fund and is binding on Miraex. Miraex’s...
Bitfarms (BITF) Shareholders Approve U.S. Redomiciliation and Rebrand to Keel Infrastructure
Bitfarms Ltd. shareholders voted 99.3% in favor of a statutory plan of arrangement to redomicile the company from Canada to the United States and to rebrand as Keel Infrastructure Corp. The one‑for‑one share exchange will move BITF shares onto a...
Ontario's Budget 2026-27: Growth Holds Up, but Fiscal Pressures Persist
Ontario's 2026‑27 budget projects a $13.8 billion CAD (≈$10.2 billion USD) deficit, pushing the balanced‑budget target to 2028‑29. Despite stronger‑than‑expected growth, all extra revenue is earmarked for health, education and infrastructure, leaving no surplus. Real GDP is forecast at 1.0% in 2026...
Electra Restarts Construction and Reports 2025 Financial Results
Electra Battery Materials announced the restart of construction on its Ontario cobalt sulfate refinery, approving a US$73 million budget and securing US$82 million in financing, including US$20 million from the U.S. Department of War and US$28 million from Canadian government sources. The company completed...
Morningstar DBRS Confirms Credit Ratings on All Classes of JPMCC Multifamily Housing Mortgage Loan Trust 2025-Q032 and Freddie Mac Structured...
Morningstar DBRS confirmed credit ratings for all classes of JPMCC Multifamily Housing Mortgage Loan Trust 2025‑Q032 and Freddie Mac Structured Pass‑Through Certificates Series Q‑032, assigning AAA to Class A, A (low) to Class B, and BBB (low) to Class C, with a stable trend....
Manhattan Bridge Capital, Inc. Reports 2025 Results
Manhattan Bridge Capital reported 2025 net income of $5.11 million, or $0.45 per share, an 8.6% decline from the prior year. Total revenue slipped 10.6% to $8.67 million, primarily due to lower interest income from a reduced loan portfolio and fewer origination...
Manhattan Bridge Capital, Inc. Reports 2025 Results
Manhattan Bridge Capital reported 2025 net income of $5.11 million, or $0.45 per share, an 8.6% decline from the prior year. Total revenue fell 10.6% to $8.67 million, driven by lower interest income and reduced loan origination fees. Operating expenses decreased 13.2%...
Paul Mueller Company Announces Its Fourth Quarter Earnings of 2025
Paul Mueller Company reported a strong fourth‑quarter 2025, posting net sales of $94.1 million—up 34% year‑over‑year—and net income of $13.2 million. Full‑year results showed revenue of $287 million and net income of $34.7 million, driving earnings per share to $14.73 for the quarter and...
Preliminary Results for the Year Ended 31 December 2025
Biodexa Pharmaceuticals reported its 2025 preliminary results, highlighting the launch of the Phase 3 Serenta trial for eRapa in familial adenomatous polyposis with the first US and European patients enrolled. The company secured an in‑licensing deal with Otsuka for the novel...
Financial Results for the Fourth Quarter of 2025
Helios Fairfax Partners reported record net earnings of $40.5 million for 2025, the highest since its 2020 inception, driven by a 17% increase in portfolio investments to $463.7 million. Book value per share climbed 9.9% to $4.22, and the company realized $25.2 million...
Mitsubishi, Rohm, Toshiba To Merge Power Semi Businesses
Mitsubishi Electric, Rohm and Toshiba Electronic Devices & Storage have signed a memorandum of understanding with Japan Industrial Partners and TBJ Holdings to explore merging their power‑semiconductor businesses. The proposed joint venture would combine silicon, gallium‑nitride (GaN) and silicon‑carbide (SiC)...
More Insurance M&A Deals on the Horizon?
Insurance M&A activity stabilized in 2025 after a steep 40% drop from 2023, with 211 carrier and broker deals globally, up from just over 200 in 2024. In the U.S. and Bermuda, 455 deals were recorded, but P/C carrier volumes...
Ramada Investimentos E Indústria, S.A. Announces 2025 Annual Report and Accounts Approved at the Shareholders Annual General Meeting Held on...
Ramada Investimentos e Indústria, S.A. announced that its 2025 Annual Report and Accounts were formally approved at the shareholders’ Annual General Meeting on March 27, 2026. The approval was recorded in a non‑ESEF filing, confirming compliance with Portuguese reporting standards....
Arverne Group: ORANE Issuance Plan of a Minimum Amount of €33 Million, Intended to Be Primarily Subscribed by Bpifrance, Together With...
Arverne Group, France's leading geothermal solutions provider, announced an ORANE bond issuance of at least €33 million (about $36 million). The 7% annual‑interest bond, maturing June 30 2027 with a six‑month extension option, will be primarily subscribed by Bpifrance together with longtime investors Eiffel Essentiel,...
From Family Office Advisor to Founder: Raising $25M
An important reminder if you work for a family office or just a HNWI and you've done a wonderful job allocating their capital across various asset classes: fixed income, real estate, public equities, PE, venture capital, private credit, commodities, and traditional...
Rising Inflation Threatens Balanced Portfolios Like 2022
Fears of re-accelerating inflation obliterating balanced portfolios, just like they did in 2022. https://t.co/S7laKGwQLC https://t.co/oLsV6wsuXf
Trump to Head Saudi‑Backed Investment Summit in Miami Beach as Iran War Rages
Former President Donald Trump is set to headline a Saudi‑backed investment summit in Miami Beach, drawing sovereign‑wealth officials and billionaire financiers. The event comes as the Iran‑Israel war pushes oil above $110 a barrel and rattles equity markets, raising stakes...
SBA Launches Huge Financing for Specialized Truckers
Reefer, hazmat, and flatbed truckers and logistics service providers were just given a massive financing vehicle by the SBA.
Marked‑to‑
FWIW - This column I wrote for @FT back in 2022 on the consequences of a marked-to-market economy seems even more relevant today given how top-heavy it has become. https://t.co/5a53albeSu
Ensurge Micropower ASA – Updated Financial Calendar: New Date for Annual Report 2025
Ensurge Micropower ASA announced that its 2025 Annual Report will be published on 10 April 2026, pushing the release back by two weeks from the previously scheduled 27 March 2026. The company updated its entire 2025 financial calendar to align with the new reporting...
Morgan Stanley Bitcoin ETF Undercuts Competition with 0.14% Fee
Looks like forthcoming Morgan Stanley Bitcoin ETF is undercutting competition on fees... Will only charge 0.14%. Current lowest cost spot btc ETF is Grayscale Bitcoin Mini Trust ETF at 0.15%. Game on. https://t.co/zJVK5k51ZD
Asset Managers Must Anticipate Major Future Expenses
As an asset manager, your job is to think ahead about the big expenses before they happen.
Blue Owl Capital Closes $3 B Strategic Equity Secondaries Fund, Boosting GP‑Led Market
Blue Owl Capital announced the final close of its inaugural Blue Owl Strategic Equity (BOSE) fund with more than $3 bn in commitments. The vehicle targets GP‑led continuation funds and minority equity deals, arriving as GP‑led secondaries hit record volumes.
Today's Top 10 SaaS Cloud Multiples Revealed
This week in enterprise software: Top 10 #SaaS #Cloud multiples as of today's market close https://t.co/bnxxG3uisU
Missouri Ice Rink Facility Defaults on Revenue Bonds
The Maryland Heights‑owned Centene Community Ice Center has drawn on its debt‑service reserve to meet a March principal payment on its $50.2 million Series 2018A revenue bonds and has defaulted on the $5.5 million Series 2018B subordinate bonds. Outstanding principal on the Series A bonds...
Chicago City Council Lifts Hotel Tax to 19%, Highest in the U.S.
The Chicago City Council voted to increase the hotel occupancy tax to 19%, creating the highest hotel tax rate in the United States. The hike, driven by budget pressures and a push for greater tourism funding, will add roughly six...
JLL Secures $74.5 Million in Refinancing for Grocery-Anchored Shopping Center in Central Virginia
JLL Capital Markets arranged a $74.5 million, three‑year refinancing loan for the 267,294‑square‑foot Shops at Stonefield shopping center in Charlottesville, Virginia. The center, anchored by Trader Joe’s and featuring tenants such as L.L. Bean, lululemon, Sephora and a 14‑screen Regal Cinema, is 98 percent...
SEC Approves Amendment to NMS Plan to Further Reduce the Costs of the Consolidated Audit Trail
The SEC approved an amendment to the National Market System Plan for the Consolidated Audit Trail (CAT), granting exemptive relief from certain Rule 17a‑1 requirements. The changes let participants stop creating interim linkages, delete data older than three years, and relax...
Japan Finance Minister Warns of Decisive Action as Yen Nears 160 per Dollar
Japan's finance minister, Satsuki Katayama, warned Friday that authorities will respond firmly and take decisive action to stop the yen's slide toward the 160‑per‑dollar mark. The warning came as the currency fell to about 159.80 per dollar in New York,...
Presurance Holdings Reports 2025 Fourth Quarter Financial Results
Presurance Holdings reported a sharp decline in Q4 2025 gross written premiums, falling 42% to $7.9 million as the company completed its exit from commercial lines, which generated zero premium in the quarter. Personal lines premium increased 12.7% year‑over‑year, now representing...
7‑Year Treasury Auction Draws Weak Demand, Yield Peaks at 4.26%
The U.S. Treasury sold $44 bn of seven‑year notes on Thursday, posting a high yield of 4.255% and a bid‑to‑cover ratio of 2.43, the lowest in ten auctions. The weak demand follows similarly tepid interest in recent two‑year and five‑year auctions,...
DKSH to Acquire Malaysia's AIC Ingredients, Expanding Southeast Asian Food Business
DKSH Holding AG disclosed a deal to purchase AIC Ingredients Sdn Bhd, a Malaysian bakery‑focused functional‑ingredients maker. The transaction, slated to close in Q2 2026, will create a third ekpi pillar in Malaysia and broaden DKSH’s food‑blending capabilities across Southeast Asia.
News From the Frontier: Africa Leads Emerging Market Bond Revival
The episode examines the surprising resurgence of emerging‑market bond issuance, led by African issuers such as Angola and telecom tower firm Helios, while Central‑Eastern European and Middle‑Eastern markets remain largely dormant due to war‑related volatility. George Collard explains why lower‑rated...
CreditSights Winnie Cisar on Credit Risk, Junk Bonds
Winnie Cisar highlighted that less than 10% of private credit is owned by retail investors, making the asset class vulnerable to redemption pressures. Recent redemption requests expose a liquidity‑mismatch risk, especially as private credit has historically provided crucial funding to...
Financial Planning Software Moat Is Thin, Easily Replaced
what's the moat for financial planning software? one of my portfolio companies ripped it out and built their own...it was not hard.
The Board Approved Financial Statements for the Year 2025 and Proposes to Pay EUR 0.14 Dividend per Share for the...
Telia Lietuva’s board approved its 2025 audited financials, confirming revenue of €507.3 million (≈$553 million), EBITDA of €196 million (≈$214 million) and profit of €90.4 million (≈$99 million). The company proposes a €0.14 per‑share dividend (≈$0.15) and will retain €134.9 million (≈$147 million) as earnings. A new board...
3 Reasons Every Foodservice Operator Needs to Know How to Read a P&L
Restaurant operators who can read their profit and loss (P&L) statements gain a real‑time scorecard rather than a tax‑only report. Monthly close cycles let owners compare actual results against budgets and spot variances instantly. This visibility uncovers hidden cost leaks...
State Street’s Tiny Fee Cut Is Paying Off Big Time
State Street trimmed the expense ratio of its actively managed SPY Momentum ETF (SPYM) by five basis points, a modest reduction that sparked more than $2 billion in net inflows within a few months. The fee cut appealed to both institutional...
Toys “R” Us Canada Launches Sale Process
Toys “R” Us Canada has filed to start a formal sale process, seeking court approval in April 2026 with bids expected in May and a potential closing by mid‑July. The retailer’s footprint has shrunk from 81 stores in 2021 to just...
Ceconomy Says Austria May Block JD.com’s Purchase Offer
Ceconomy announced that Austrian authorities may block JD.com Inc.'s €2.2 billion (~$2.5 billion) offer to acquire the German consumer‑electronics retailer. The Austrian Federal Ministry of Economy has expressed doubts about the transaction’s approvability and refused to join a joint solution‑finding process. Ceconomy...
Finance Minister Nirmala Sitharaman Assures Fiscal Vigil Amid Oil Spike
Finance Minister Nirmala Sitharaman said the government will intensify non‑tax revenue mobilisation and stay vigilant on the fiscal deficit as global crude jumped from $70 to $122 a barrel. To shield consumers, the cabinet cut petrol excise by ₹10 per litre...
Loan Sale Cuts Bank's Thorny Ties to West Va. Lawmaker
Carter Bankshares sold its remaining Justice family loan portfolio for $289.5 million, covering $209.5 million of non‑performing loans and most lost interest. The transaction cuts the bank's non‑performing loan ratio from 6.29% to 0.82% and reverses an $18 million specific reserve, boosting tangible...
Rising Treasury Yields Are Spooking Investors: Should Buy-and-Hold Investors Care?
The 10‑Year Treasury yield, which peaked above 5% in late 2023, has rebounded to roughly 4.4% after a dip to 3.8% in August 2024, reflecting lingering inflation and geopolitical risks. The Federal Reserve has held rates steady this year, but...
Accountability Crucial After DeFi Hacks, Risk Understanding Lacking
What is the role of accountability in the aftermath of DeFi exploits? And do DeFi people not know how to reason about risk? @kaiynne, @LucaNetz, @tayvano_ & @omeragoldberg try to answer these in this week's Uneasy Money stream. https://t.co/s7LFvZz7hf