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
Proximus Unveils ‘Amplify’ and ‘Elevate’ Strategy, Targets Stronger Cash Flow and Dividend Growth by 2030
Proximus unveiled two strategic roadmaps – Amplify for its Belgian domestic operations and Elevate for its global business – to drive network leadership, AI‑enabled efficiency and higher shareholder returns. The Amplify plan focuses on nationwide gigabit fiber, copper decommissioning and AI‑driven automation, while Elevate leverages BICS, Telesign and Route Mobile to revive global EBITDA growth by 2027. Financial targets include a 1% domestic revenue CAGR, capex around €1.2 bn through 2028 falling below €1 bn by 2030, and free cash flow of roughly €400 m with dividends rising to €0.50 per share by 2028. Together, the strategies aim to strengthen cash generation and sustain dividend growth through 2030.
FNP Posts Rs 861 Cr Revenue in FY25; Cuts Losses
Ferns N Petals posted operating revenue of Rs 861.5 crore for FY 2025, a 22 % increase over the prior year, driven primarily by product sales. The company narrowed its net loss to Rs 22 crore, an 8.3 % reduction, though EBITDA and ROCE remained negative at -1.25 %...
Why Systematic and Global Macro Are Back at the Center of Institutional Portfolios:
Institutional investors are rebalancing portfolios toward quantitative and global macro hedge‑fund strategies as volatility, rate uncertainty, and geopolitical shocks return. The shift reflects a deeper focus on true diversification, liquidity, and defensive alpha rather than pure yield hunting. Modern quant...
Georgia's Child Welfare System Remains Shaken After Projected $85.7 Million Budget Shortfall
Georgia’s Division of Family and Children Services is confronting an $85.7 million projected budget deficit, prompting emergency cost‑saving measures that have slashed service referrals and delayed reunification efforts. Commissioner Candice Broce terminated underperforming contracts and imposed new approval steps, yet the...
CGSS Explained: ₹20 Crore Credit Boost Every Indian Startup Must Know
The Credit Guarantee Scheme for Startups (CGSS) has been upgraded to offer up to ₹20 crore guarantee per borrower, doubling the previous limit. The 2025 amendments introduce tiered coverage—85% for loans up to ₹10 crore and 75% beyond—while adjusting annual guarantee fees...
Figure Doubles Consumer Loan Volume and Adds Auto Lending
Figure Technology Solutions reported a 131% year‑over‑year surge in its Consumer Loan Marketplace, reaching $2.7 billion in Q4 2025. More than half of that volume, $1.5 billion, flowed through its newly launched Figure Connect platform, marking a rapid shift toward a capital‑light...
Joyce Group’s Profit Soars Nearly 30 per Cent on Double-Digit Sales Growth
Joyce Group reported a 29% jump in net profit to $5.1 million for the first half of 2026, driven by an 11.2% revenue increase to $81.6 million. Normalised EBIT rose 21% to $14.8 million, with margins expanding from 16.6% to 18.2%. The KWB...
Franchise Success Leads Harvey Norman to ‘Very Solid’ Results
Harvey Norman reported half‑year 2026 sales exceeding $5 billion, a 6.9% increase driven largely by its franchise network. After‑tax profit rose 15.2% to $321.9 million as operating expenses fell to 17.8% of revenue. Australian franchisee sales grew 4.8% to $3.5 billion, now representing...
Investment Hinges on Capital Cost, Not Cash Windfalls
The tariff refund issue is fun to follow. But it doesn't matter much for the macroeconomy. Business investment determined more by cost of capital than cash availability. Keynesian multiplier very low on one-time transfers to businesses. And debt impact large...
FnGuide's Index Business Undervalued Amid Explosive AUM
With its index business now >50% of revenues, FnGuide is becoming a KOSPI market proxy on steroids. But I think the index AUM rising from KRW 14 trillion to 50 at 40%+ incremental margins is still underrated. I'm getting to...
OCC May Give Senators Warren and Scott Access to Trump Bank Application
The OCC’s comptroller, Jonathan Gould, indicated he will consider providing Senators Elizabeth Warren and Tim Scott with the unredacted bank charter application of World Liberty Financial, a Trump‑family‑linked DeFi firm. The application, submitted in January, seeks a national trust bank...
From IPO Scepticism To Profit Signals: Coworking’s Big Reset
India’s listed coworking operators have turned a profit in Q3 FY26, signalling a shift from pre‑IPO scepticism to financial stability. WeWork India posted a ₹16.8 Cr PAT and 29% revenue growth, while Awfis and Smartworks reported 43% profit growth and a...
Renaissance at Market Speed: UK Wholesale Finance in 2026
At the Goldman Sachs EMEA Head of Trading conference, FCA chief executive Nikhil Rathi outlined a sweeping reform agenda aimed at cementing the UK’s position as a global wholesale‑finance hub. He highlighted recent regulatory wins – from tighter market‑abuse enforcement...
HMRC Making Tax Digital: Government to Monitor Impact on Childminders as Ministers Acknowledge ‘Strength of Feeling’
The UK government is extending the Making Tax Digital (MTD) programme to home‑based childminders, eliminating the flat‑rate wear‑and‑tear allowance and requiring itemised expense claims. Ministers have pledged to monitor the impact, noting that only childminders earning over £50,000 will be...
Terra Powers up Southwest PGM Sulphide Hunt with $85m War Chest
Terra Metals secured an $85 million institutional placement at A$0.37 per share, with Washington H. Soul Pattinson acting as cornerstone investor. The capital boost targets the Southwest prospect, where recent drilling revealed a world‑class platinum‑group‑metal sulphide system within the broader Dante project. Assays...
PBOC Cuts FX Risk Reserve Ratio to 0%, Slowing Yuan Appreciation
China's PBOC will cut the foreign‑exchange risk reserve ratio for forward FX sales from 20% to 0% starting March 2, 2026. The move aims to ease hedging costs, curb excessive yuan appreciation, and signal a shift from emergency policy tools....
BlackRock TCP Capital Corp (TCPC) Q4 2025 Earnings Call Transcript
BlackRock TCP Capital Corp (TCPC) reported Q2 2025 results showing nonaccruals fell to 3.7% of portfolio fair value, down from 4.4% in the prior quarter, while net asset value slipped due to markdowns on restructured assets. The $1.8 billion portfolio stayed...
Calumet Inc (CLMT) Q4 2025 Earnings Call Transcript
Calumet Specialty Products Partners reported Q4 2019 adjusted EBITDA of $49.9 million and full‑year adjusted EBITDA of $262.8 million, driven by a 24% rise in specialty segment earnings to $207.9 million. The company reduced debt by $391 million, bringing leverage down to 4.0 times EBITDA...
Cryo-Cell International Inc (CCEL) Q4 2025 Earnings Call Transcript
AVITA Medical reported Q4 2025 revenue of $17.6 million and full‑year revenue of $71.6 million, marking 11% growth year‑over‑year. Gross margin slipped to 82.1% for the year, driven by inventory reserves and a higher mix of CoHiliX and PermeDerm. Operating...
Carter's Inc (CRI) Q4 2025 Earnings Call Transcript
Carter's Inc. reported flat Q3 net sales of $758 million but saw adjusted operating income plunge to $39 million as tariffs pushed effective duty rates into the high‑30% range, adding $200‑250 million of pre‑mitigation costs. The company announced a strategic rightsizing plan that...
Gogo Inc (GOGO) Q4 2025 Earnings Call Transcript
Gogoro Inc. reported a record adjusted EBITDA of $59.9 million for 2025, driven by sharp margin expansion and a three‑fold rise in operating cash flow. Revenue fell 9.4% to $281.5 million as hardware sales softened, while battery‑swapping revenue grew 8.1% to $149 million...
Delek Logistics Partners LP (DKL) Q4 2025 Earnings Call Transcript
MPLX reported Q4 2025 adjusted EBITDA of $1.8 billion, a 2% year‑over‑year increase, and a full‑year adjusted EBITDA exceeding $7 billion, reflecting a 6.7% three‑year CAGR. The company raised its quarterly distribution by 12.5%, returning $4.4 billion to unitholders in 2025. A $2.4 billion...
PSEG Adds $1.5B to Five-Year Spending Plan
Public Service Enterprise Group (PSEG) lifted its five‑year regulated capital spending plan by $1.5 billion, targeting $22.5‑$25.5 billion through 2030. The company also raised its adjusted earnings growth outlook to 6‑8% from the prior 5‑7% range. The additional capex is aimed at...
Prioritize Contribution Margin Above All Other Metrics
99.7% to target on CM this month. Great growth teams are committed to a hierarchy of metrics. Every month is going to involve different trade offs to reach your goal. But great forecasting and execution requires being clear on the...
Moderate Credit Growth Expected in 2026 as Lending Normalizes : Analysis
TransUnion projects moderate credit growth for 2026, with mortgage originations rising 4.0% and unsecured personal loans expanding 11.2%. Credit‑card originations are slated for a modest 2.0% increase, while auto‑loan originations may dip 1.5%. The outlook emphasizes disciplined underwriting supported by...
State Farm Inked $1.5B Underwriting Profit for 2025; HO Loss Persists
State Farm posted a $1.5 billion underwriting gain for its property‑casualty segment in 2025, reversing a $6 billion loss in 2024 and over $10 billion losses in the two preceding years. The turnaround was driven by a near‑$5 billion auto underwriting profit, with earned...
The Accountant-to-CFO Pipeline in Action
Lucas Zettle, after a five‑year rise at Webtrends, returned to Aldrich as CFO, leveraging long‑standing relationships built during his early career. He emphasizes that finance teams should prioritize process and clear SOPs before deploying new technology. Zettle tracks days‑to‑close and...
Bitcoin's Sharpe Ratio Outshines Gold, Offering Generational Upside
The fact that Gold has gone up so much, that's only accelerated through all financial products that we've designed. However, holding Gold at this point isn't the right bet for most asset managers. The Sharpe Ratio is way worse. The flipside: the...
IRS Sent $447.8M in RRC Payments to Ineligible Taxpayers
The Treasury Inspector General for Tax Administration reported that the IRS mistakenly issued $447.8 million in Recovery Rebate Credit (RRC) payments to 300,843 ineligible taxpayers, many of whom were non‑resident aliens or received duplicate advances. The erroneous disbursements represent roughly 25 %...
AICPA Requests Guidance for Itemized Deductions and Trump Accounts
The American Institute of CPAs has formally asked the Treasury and IRS for detailed guidance on reporting requirements introduced by the H.R. 1 legislation. The request centers on Section 68’s limitation on itemized deductions for high‑income individuals, estates and trusts, and on...
Can We Use AI for ICFR and SOX?
AI can be leveraged to automate and enhance internal controls over financial reporting (ICFR) and SOX compliance, especially through agentic AI that creates documentation, scans evidence, and tests controls. However, compliance officers must ensure that AI testing validates control design,...
Block Swaps 4,000 Workers for AI
Block, the fintech firm behind Cash App, Square and Afterpay, announced a 40% workforce reduction, cutting roughly 4,000 jobs and shrinking headcount from 10,000 to just over 6,000. CEO Jack Dorsey said the move is driven by rapid advances in...
Private Equity’s Expanding Playbook: Accounting and Consulting Firms
Private equity firms are increasingly targeting the fragmented accounting and consulting sector, where tens of thousands of CPA practices present a ripe consolidation landscape. Investors aim to roll up these firms into national platforms that can leverage scale, technology, and...
ProcessUnity Research Finds Third-Party Risk Management Confidence Outpaces Breach Reality
ProcessUnity’s State of Third‑Party Risk Assessments 2026, conducted with the Ponemon Institute, surveyed 1,465 risk leaders and found a stark disconnect between confidence in TPRM programs and actual breach outcomes. Respondents report an average of 12 third‑party breaches per year...
Reimagining KYC
Capgemini released a whitepaper outlining perpetual KYC, a shift from periodic, manual reviews to near‑real‑time, event‑driven monitoring. Early adopters report 20‑40% fewer false positives, 40‑60% faster onboarding, and 50‑70% reduction in case backlogs. The proposed pKYC triad blends data modernization,...
Exclusive: Lawmakers Introduce Bipartisan FHLB Bond Bill
Senators Catherine Cortez Masto (D‑NV) and Todd Young (R‑IN) introduced the Municipal Investment and Neighborhood Transformation (MINT) Act, restoring a 2008 authority that lets Federal Home Loan Bank (FHLB) members issue tax‑exempt bonds for community‑development projects. The bill expands the...
Claude for Excel Cuts Model Building Time to Zero
Here’s the most impressive thing about Claude for Excel: It’s intuition on how to structure a model and build input levers at exactly right level, and outputs in the right format is very impressive. Better than a typical analyst. That means not only...
From Lender to Fintech: Tapping $13T Mortgage Market
Big quarter for figure: - 50% marketplace → they've become a fintech platform, not a lender - 19% first lien → they've entered a market 32x larger than their original one (HELOCs are $400 billion Market. 1st lien mortgages are $13...
GAO Says Tax Pros Helped Shape IRS Response to ERC Issues
The Government Accountability Office reported that tax practitioners shaped the IRS's response to the Employee Retention Credit (ERC), prompting a two‑part voluntary disclosure program, an updated eligibility‑tool website, and new professional‑responsibility guidance. The IRS says it has closed nearly five...
Netflix Rejects Paramount Offer, Cites Brand Stewardship
Netflix declines to match Paramount offer for WBD: We believe we would have been strong stewards of Warner Bros.’ iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs in the U.S.
MicroStrategy and BitMine Still Lead Corporate Crypto Purchases
Top 5 companies buying crypto for their balance sheets by unrealized losses — according to CryptoRank The usual record holders remain the same: #MSTR MicroStrategy - the world’s largest corporate buyer of #BTC #BMNR BitMine - the world’s largest corporate buyer of #ETH...
Bloomberg Extends Financial Data to $25B Tokenized Markets via Kaiko
Bloomberg is partnering with Kaiko to embed the newswire’s licensed financial data directly onto blockchain platforms, tackling the fragmented information problem in tokenized markets. The collaboration targets tokenized U.S. Treasury and repo products on the permissioned Canton Network, offering a...
BlackSky’s Growth Contracts in 2025 for Second Year
BlackSky reported full‑year 2025 revenue of $106.6 million, a modest 4.4% increase year‑over‑year, marking a second consecutive slowdown after 8% growth in 2024 and 45% in 2023. The company’s net loss widened to $70.3 million, but its backlog jumped 32% to $345 million,...
BlackRock Adds 4,309 BTC, $290M in Hour
BlackRock continues to increase its #BTC holdings. Over the past hour, the company purchased 4,309 BTC worth $289.6 million. https://t.co/XHsOQfFWwO
LPs Highlight Red Flags Around Retail Capital Flowing Into Traditional PE
Retail investors are pouring unprecedented amounts of private wealth into traditional private‑equity funds, accelerating a shift that once belonged to institutional limited partners. This surge, driven by fintech platforms and low‑minimum‑investment products, has prompted seasoned LPs to flag potential red‑flags....
Austin OKs $1.4 Billion of Bonds for Airport Expansion
City Council approved up to $1.4 billion in revenue bonds to fund Austin‑Bergstrom International Airport’s expansion. The bond issuance includes a $1.05 billion Series B tranche subject to the alternative minimum tax and a $350 million non‑AMT Series A tranche, targeting roughly 75% of a...
CIOs Must Deliver Defensible, Audit-Ready Budget Forecasts
#CIOChat Q3: Yet CIOs still owe CFOs defensible numbers and audit-ready plans. How are you reconciling professional budget requirements with uncertainty. Are you using rolling forecasts, dynamic reserves, probabilistic models, or something else? https://t.co/OO17dBefNJ
Butterfly Equity Changes Control After Partner Dispute
Butterfly Equity, a private‑equity manager with roughly $7 billion in assets under management, has undergone a control shift following an internal partner dispute. Co‑founder Adam Waglay has emerged as the sole decision‑maker, consolidating ownership previously shared among partners. The restructuring resolves...
Nel ASA Stock Turns Positive After Weak Figures: Revenue Declines - Losses Widen - Order Intake Rises Significantly
Nel ASA posted a steep revenue decline in Q4 and the full‑year 2025, with Q4 revenue down 21% YoY to NOK 330 million and full‑year revenue falling 31% to NOK 963 million. Net losses widened dramatically, driven by a NOK 799 million impairment charge that pushed...
Puerto Rico Port Concessionaire Bond Outlook Lowered by S&P
S&P Global Ratings lowered the outlook on San Juan Cruise Port LLC's senior debt to negative, keeping the BBB‑minus rating but flagging heightened risk. The downgrade affects about $160.3 million of bonds issued by AFICA, which are not guaranteed by the...