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
Shahbandr and Tabby Partner to Bring BNPL to 20,000 Online Stores
Shahbandr, a Saudi e‑commerce enablement platform, has teamed up with fintech app Tabby to embed its Buy‑Now‑Pay‑Later solution across the network. The integration will cover more than 20,000 online stores in Saudi Arabia and Egypt, allowing shoppers to split purchases into interest‑free installments. Tabby, already popular with two‑thirds of Saudi adults, gains a foothold in the region’s fast‑growing SME sector. Both firms say the partnership will boost conversion rates and simplify payments for merchants.
True Market-Cap Exposure to Communication Services>
VanEck launched the Communication Services TruSector ETF (TRUC) to give investors true market‑cap exposure to the Communication Services sector. Traditional sector ETFs are constrained by diversification rules that cap single‑stock holdings at 25% and limit the total weight of stocks...
Sport, Trade and Visa
Visa Consulting & Analytics reports that the 2026 Winter Olympics in Milan boosted overseas Visa cardholder visits by more than 60%, with U.S. travelers up 160% year‑on‑year. European visitors, especially from Germany, also surged, driving average spends of €297, €267...
‘What We Don’t Want Are Bad Apples,’ DCALTA Founder Says
Jonathan Epstein, founder of DCALTA, has spent over a decade lobbying for retirement savers to gain access to private‑fund investments. He argues that broader participation can boost portfolio diversification and returns for workers. On the brink of a major regulatory...
Trade Information Warehouse Successor Event Processing for Civitas Resources, Inc. - Revised
DTCC’s Trade Information Warehouse (TIW) announced a successor event for Civitas Resources, Inc., transitioning its reference entity to SM Energy Company. The auto‑auto adherence will rename all related transactions effective February 13 2026, with processing occurring February 25‑27 2026. Market participants must un‑adhere any...
Blackstone’s “Defensive Pivot” Week: Home Services Deal + AI Infrastructure:
Blackstone announced the acquisition of Champions Group, a leading home‑services provider, while Odyssey and its management retain a minority stake. Simultaneously, the firm is leading a financing round of more than $1 billion for Neysa to build India’s premier AI‑infrastructure platform....
Brookfield “Top-Performing Alternative Firm” Unshaken in 2026 by AI or Private Credit:
Brookfield Asset Management has emerged as the top‑performing alternative firm in 2026, outpacing peers as AI and private‑credit turbulence reshape the industry. Its portfolio is anchored in global infrastructure, renewable power, and essential services that generate contracted, inflation‑linked cash flows....
AI in M&A: McKinsey, For One, Welcomes Our New Gen AI Overlords
McKinsey’s latest survey shows generative AI is reshaping M&A, delivering roughly 20% cost savings and accelerating deal cycles by 30‑50%. While 42% of respondents believe AI can transform the transaction process, only 30% are using it at moderate to high...
‘We Have some Work to Do’: Nasdaq Stockholm’s President on Losing Klarna to New York
Nasdaq Stockholm’s president warned that the exchange must act after Klarna chose a New York listing, a move that underscores growing competition from U.S. markets. Last year Nasdaq Stockholm and its Nordic peers captured 60% of Europe’s equity capital‑market activity,...
Rising Capex May Curb Buybacks, Pressure Valuations
With credit spreads low and profit margins seemingly on the rise, valuations seem OK at current levels. These two variables are important drivers for the equity risk premium, which is currently at 4.0% according to my version of the DCF...
Euphoria Unwinds, Quality Assets Outshine Speculation
I have mentioned this chart a few times in the past, but it does really go to show just how extreme things got the last few years. The chart is SPX/(UNRATE^2)*USIRYY*USINTR Unravelling things after extreme euphoria is never an easy process. As things...
A Brief Illustrated History of the Federal Reserve’s Balance Sheet: 1914-2026
The Federal Reserve’s balance sheet has undergone dramatic swings since its 1914 inception, expanding modestly for decades before exploding after the 2008 financial crisis. Between 2008 and 2022 the sheet grew from roughly $0.9 trillion to over $9 trillion, driven by large‑scale...
SIC Code Lookup | Check Codes for Vendors & KYB
The article highlights how a Standard Industrial Classification (SIC) code lookup strengthens vendor onboarding and Know‑Your‑Business (KYB) processes. It contrasts SIC with the newer NAICS system, noting that SIC offers a fast cross‑check while NAICS provides richer detail. By embedding...
Japan Deep‑Value Activism: Why Now Is the Time
It was great to join @alxlowen and Dale Gillham of @Wealthwithin in the studio in Melbourne recently to discuss Senjin Capital’s Japan-focused deep value shareholder activist investment strategy for the The ALx Report and Talking Wealth. Dale brings a wealth...
Tencent's Tiny Wildlight Stake Dwarfed by Massive Cash Flow
Tencent's free cash flow last quarter was US$13B, so the amount they invested in Wildlight is (probably) minuscule for them. They and competitor Netease are in plenty of other deals that are not made public, both in the West...
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer
Private equity firms EQT AB and Vitruvian Partners have engaged Evercore and Goldman Sachs to explore a sale or initial public offering of cyber insurer CFC, targeting a valuation around £5 billion. The advisers are assessing both London and New York as...
Bitcoin May Slip Below 99‑SMMA First Time Since 2023
If #Bitcoin closes this week below the 99smma it would be the first time since 2023. 😱 Will buyers step in or will we finally close below?? https://t.co/1XkBztY0Jt
Blue Owl Stops Redemptions, Highlighting Exit Liquidity Risk
BLUE OWL PERMANENTLY HALTS REDEMPTIONS AT PRIVATE CREDIT FUND AIMED AT RETAIL INVESTORS — FT Being long scarcity might lead to illiquidity, but being long illiquidity doesn’t necessarily mean you’re long scarcity You’re long exit liquidity
On Its 15th Anniversary, Foresite Capital Looks Ahead
Foresite Capital marked its 15th anniversary by projecting a resurgence in biopharma venture capital, anticipating a year‑over‑year rise in financings and IPOs starting in 2026. The firm highlighted a surge to $149 billion in biopharma VC dollars in 2025 and a...
Bloomberg: Leveraged Lending Insights – 2/16/2026
The US leveraged loan market opened 2026 with extraordinary vigor, posting $168.2 billion in new issuances during January—the strongest monthly total in over a decade. By mid‑February, activity slowed dramatically, with only $25.9 billion of new deals launched through February 18, the lowest...
The Pulse of Private Equity – 2/16/2026
Technology private equity deal activity surged in 2026, with total deal value climbing 67.4% year‑over‑year while the number of transactions rose a modest 13.4%. The gap between value and count indicates that firms are executing larger, mega‑cap deals rather than...
Blue Owl Stops Retail Fund Redemptions, Opts for Asset Sales
Blue Owl is permanently halting redemptions at its inaugural non traded private credit fund for retail investors as part of a plan to instead sell down assets over time. With @EricGPlatt https://t.co/GmiIAdaLVK
LYV Breakup Could Be Off the Table Following Summary Judgment Ruling
The episode examines Live Nation’s (LYV) recent legal landscape, focusing on a summary judgment that could keep the company’s proposed breakup off the table. It breaks down the court’s reasoning, the potential financial and operational impacts for Live Nation, and...
Infra’s $650bn Window of Opportunity
The article highlights a $650 billion infrastructure investment window but notes that markets are penalising hyperscaler capital expenditures that appear erratic. It questions whether traditional infrastructure managers can impose the discipline needed to attract capital. The piece warns that unchecked hyperscaler...
Citco Monthly Hedge Fund Update
Citco’s January 2026 hedge‑fund update shows a continued winning streak, with the group’s funds delivering a 0.9% weighted‑average return, marking ten consecutive positive months. Global Macro strategies posted the strongest performance at 6.5%, while smaller funds (<$200 m) outperformed larger peers....
Telstra Posts Strong First Half FY26 Profit Amid Job Cuts
Telstra reported an 8.1% profit increase to $1.2 billion for the first half of FY26, with revenue edging up 0.3% to $11.6 billion and earnings rising 4.7% to $4.4 billion. The company achieved 3.1 percentage points of operating leverage by cutting $179 million in...
Who Are Australia’s Top 5 Billionaires in 2026?
Australia’s wealthiest individuals added $11 billion in 2026, lifting the top‑five’s combined net worth to $94 billion – a 14 percent rise despite global uncertainty. Gina Rinehart stayed at the summit but saw her fortune dip 15 percent to $24.6 billion amid weaker iron‑ore prices....
How Pennant, LiveWell, Grow With A Density-First Mindset
Home‑based care providers are shifting from a broad geographic footprint to an operational‑density model, making clustered agencies the cornerstone of growth. LiveWell Partners emphasizes expanding density within states it already serves, exemplified by its recent acquisition of Empower Home Health...
SPAC Activity Slumps: 21 IPOs, Just One Deal
Month-to-date SPAC statistics: IPOs: 21 Definitive agreements: 1 As Jerry Seinfeld said, "That's not gonna be good for anybody."
Thai Capital Market Aligns with Climate Vows
Thailand’s leading capital‑market players – the Government Pension Fund, the Association of Investment Management Companies and the Stock Exchange of Thailand – have launched a coordinated strategy to align listed firms with the country’s nationally determined contributions under the Paris...
Middlesex Water Co (MSEX) Q4 2025 Earnings Call Transcript
Middlesex Water Co (MSEX) reported 2025 income from continuing operations of $191.4 million, a 5.7% increase year‑over‑year, while full‑year net earnings fell to $190.4 million due to the Everest spin‑off. The electric utility segment saw earnings decline to $64.9 million, whereas natural‑gas earnings...
Onto Innovation Inc (ONTO) Q4 2025 Earnings Call Transcript
Onto Innovation reported Q3 2025 revenue of $218.2 million, surpassing the midpoint of its guidance, with a 54% gross margin and 21.1% operating margin. Advanced nodes contributed $54 million and are projected to reach $300 million for the full year, while specialty packaging...
Dropbox Inc (DBX) Q4 2025 Earnings Call Transcript
Dropbox posted Q3 2025 revenue of $634 million, a modest 0.7 % decline YoY, while non‑GAAP operating margin surged to 41.1 % above guidance. The company launched its self‑serve AI product Dash at $19 per user, achieving 60 % weekly active user engagement among...
Guardant Health Inc (GH) Q4 2025 Earnings Call Transcript
GE HealthCare reported Q4 2025 revenue of $5.7 billion, up 4.8% organically, and posted a record backlog of $21.8 billion with a book‑to‑bill ratio of 1.06. Adjusted EBIT margin slipped to 16.7% after a $100 million tariff hit, while adjusted EPS fell 0.7%...
Extra Space Storage Inc (EXR) Q4 2025 Earnings Call Transcript
Extra Space Storage reported a 2.5% rise in core FFO for Q4 2025 and 1.1% growth for the full year, signaling resilience amid a competitive self‑storage market. Same‑store revenue turned positive, up 0.4% in the quarter, while same‑store NOI edged...
Alarm.com Holdings Inc (ALRM) Q4 2025 Earnings Call Transcript
Allegion reported Q4 2025 revenue of over $1 billion, a 9.3% year‑over‑year increase, driven by 3.3% organic growth in the Americas non‑residential segment. Adjusted operating margin rose to 22.4% and adjusted EPS reached $1.94, up 4.3% thanks to strong operational performance...
CenterPoint Energy Inc (CNP) Q4 2025 Earnings Call Transcript
CenterPoint Energy reported a 9% rise in both non‑GAAP earnings per share and dividend payouts for 2025, posting $0.45 non‑GAAP EPS in Q4 and $1.76 for the full year. Management reaffirmed 2026 non‑GAAP EPS guidance at $1.89‑$1.91 and highlighted a...
Walmart Inc (WMT) Q4 2026 Earnings Call Transcript
Walmart reported 4.9% constant‑currency revenue growth in Q4, propelled by 24% eCommerce expansion and a 10.5% rise in adjusted operating income. Advertising and membership fees together accounted for nearly one‑third of operating profit, while automation now supports 60% of U.S....
Navios Maritime Partners LP (NMM) Q4 2025 Earnings Call Transcript
Navios Maritime Partners reported Q4 2025 net income of $117.3 million and full‑year earnings of $285.3 million, with EBITDA of $224.8 million and $744.6 million respectively. The company raised its annual distribution by 20% to $0.24 per unit and repurchased 5.3% of outstanding units,...
Newmont Corporation (NEM) Q4 2025 Earnings Call Transcript
Newmont’s Q2 2025 earnings call highlighted a suspension of operations at the Red Chris mine after two fall‑of‑ground incidents, while reporting record quarterly free cash flow of $1.7 billion. Gold production of 1.5 million ounces and copper output of 36,000 tonnes stayed in...
GATX Corp (GATX) Q4 2025 Earnings Call Transcript
GATX Corp reported Q4 2025 net income of $97 million, or $2.66 per diluted share, and full‑year earnings of $333.3 million, $9.12 per share, marking an 11% EPS increase year‑over‑year. The company maintained a conservative 3.3‑to‑1 leverage ratio and ROE above 12%...
Gentherm Inc (THRM) Q4 2025 Earnings Call Transcript
Gentherm reported record $1.5 billion revenue for 2025, a 2.9% increase, and secured $2.2 billion of automotive new‑business awards, including $485 million in Q4. Adjusted EBITDA fell to $175 million (11.7% of sales) amid higher material costs, while operating cash flow rose 7% to...
Ategrity Specialty Insurance Company Holdings (ASIC) Q4 2025 Earnings Call Transcript
American International Group (AIG) posted a strong Q4 2025, delivering adjusted EPS of $1.96, a 51% year‑over‑year increase, and underwriting income of $670 million, up 48%. The company’s expense ratio fell to 31.1%, and the accident‑year combined ratio improved to 88.9%,...
Expro Group Holdings NV (XPRO) Q4 2025 Earnings Call Transcript
Expro Group reported $1.6 billion in 2025 revenue, matching the low end of its guidance, and generated $353 million of adjusted EBITDA, delivering a 22% margin that edges closer to its 25% long‑term target. Adjusted free cash flow more than doubled year‑over‑year...
Indie Semiconductor Inc (INDI) Q4 2025 Earnings Call Transcript
ON Semiconductor reported full‑year 2025 revenue of $6 billion and a non‑GAAP gross margin of 38.4%, meeting the midpoint of its guidance despite a soft demand environment. Free cash flow reached $1.4 billion, a 17% year‑over‑year rise, and the company returned the...
IIFM and ICMA Formalise Strategic Partnership to Standardise Islamic Repo Markets
The International Islamic Financial Market (IIFM) and the International Capital Market Association (ICMA) have signed a Memorandum of Understanding to create a global, Shari’ah‑compliant repo master agreement. Leveraging ICMA’s Global Master Repurchase Agreement expertise and IIFM’s Islamic‑finance standards, the project...
Fidelity National Financial Inc (FNF) Q4 2025 Earnings Call Transcript
First American Financial reported a 47% jump in adjusted EPS to $1.99 and a 14% rise in title‑segment revenue, driven by a 35% surge in commercial revenue and higher average revenue per order. The company launched its AI‑powered Endpoint escrow...
Vicor Corp (VICR) Q4 2025 Earnings Call Transcript
Vicor reported Q4 2025 product revenue of $92.7 million, a 4.5% sequential rise and 15.3% YoY growth, while full‑year revenue climbed 4.1% to $350.3 million. Advanced‑product sales surged 26.6% YoY, pushing the advanced‑product share of total revenue to 58% despite a slight...
CarGurus Inc (CARG) Q4 2025 Earnings Call Transcript
AutoNation reported fourth‑quarter revenue of $6.9 billion, a 4% year‑over‑year decline driven by a 9% drop in new‑vehicle sales and a 60% plunge in battery‑electric units. Adjusted EPS rose 2% to $5.08 and full‑year EPS jumped 16% to $20.22, while adjusted...
Harmonic Inc (HLIT) Q4 2025 Earnings Call Transcript
Harmonic Inc. reported Q3 2025 revenue of $142.4 million, led by $90.5 million in broadband and $51.9 million in video, with video SaaS reaching a record $16.1 million. Non‑GAAP EPS was $0.12 and free cash flow hit $21 million, while backlog stood at $495 million, 63% slated...