Today's Finance Pulse
SpaceX’s record‑breaking IPO targets $75 billion raise, pushes valuation past $1.7 trillion
SpaceX filed for an IPO that could raise at least $50 billion and value the company above $1 trillion. The June 12 offering priced shares at $135, raising $75 billion and valuing the rocket maker at roughly $1.77 trillion. Analysts say the float highlights strong investor appetite for AI‑linked aerospace assets.
Also developing:
MoneyWeek News Quiz: Can You Get Smart Meter Compensation?
New UK regulations now require energy suppliers to automatically compensate customers with faulty smart meters if they fail to propose a resolution within five working days, and also cover cases where installation appointments are delayed over six weeks due to supplier fault. In February, the Premium Bonds prize draw produced two million‑pound winners, adding a windfall for savers. Meanwhile, the Bank of England’s Monetary Policy Committee convened its first 2026 meeting to set the direction of interest rates. These developments intersect consumer finance, utility regulation, and monetary policy.
The Liquidity Tide Is Turning: Warning for Risk Assets
The episode explains how a shift in global liquidity, driven by the Federal Reserve’s move toward quantitative tightening, is ending the era of easy money and causing risk assets like Bitcoin and high‑growth tech stocks to falter. It highlights the...
How Rio–Glencore Talks Fell Apart
Former Glencore CEO Ivan Glasenberg pursued a $260 billion merger with Rio Tinto that could have reshaped the mining sector. Talks collapsed within 24 hours after Rio announced it would not pursue a deal that failed to deliver sufficient shareholder value....
JPM Analytics (jpmanalytics.com) Reviews: Which Strategies Work Best
JPM Analytics positions itself as a flexible brokerage platform that lets traders craft personalized strategies rather than follow preset templates. The service offers a low $100 minimum deposit, up to 1:100 leverage, and a transparent $5‑per‑lot commission across roughly 300...
Hey, Senior PMs: Shipping Faster Won’t Get You Promoted
Senior product managers often equate speed with success, but the article shows that unchecked velocity can erode margins and stall career growth. By examining a $25 M ARR SaaS firm, the author reveals how a focus on feature output ignored the...
What Are Future and Locked Tokens? How Can I Buy Them?
Locked blockchain tokens are assets that cannot be transferred until predefined vesting conditions or timeframes are met, helping projects maintain stability and long‑term commitment. A Simple Agreement for Future Tokens (SAFT) lets investors fund a project now and receive tokens...
Stellantis Shock: $26.5 Billion EV Writedown Triggers Share Collapse and Dividend Freeze
Stellantis announced a €22.2 billion ($26.5 billion) writedown on its electric‑vehicle strategy, sending its Milan‑listed shares down 25% and prompting a dividend suspension for 2025. The impairment reflects reduced EV demand, U.S. emissions rule adjustments, and a restructuring of its supply chain,...
Unlock Top 3% Wealth Strategies and Organic Growth
Hey there, I’m Ben 👋🏻 I’m a financial consultant to millionaires in Singapore and across Southeast Asia. In 2026, I’m building a team of financial consultants. If you’re a client: you’ll see how we think about money. If you’re a consultant: you’ll see the...
Uber Hit With $8.5 Million Sexual Assault Verdict as Liability Risks Mount
Uber was ordered to pay $8.5 million after a jury found its driver’s actions could be treated as an Uber agent. The verdict does not require operational changes but reshapes liability framing for future cases. While the payout is not financially...
Louvre Crown Heist Triggers Millions in Damage, Insurance Costs, and Security Fallout
The Louvre’s Empress Eugénie crown survived a daring October robbery, with most gems intact and repairs estimated at €40,000‑€50,000. However, the heist’s total valuation of €88 million triggers massive insurance liabilities, higher premiums, and costly security overhauls. Missing jewels represent a...
Policy Paper: Joint Readout of the First UK-China Financial Working Group
The UK‑China Financial Working Group held its inaugural meeting on 31 January 2026 in Beijing, bringing together senior officials from HM Treasury, the Bank of England, the PRA, the FCA and their Chinese counterparts from the People’s Bank of China, the Ministry...
Sony Hikes Forecasts Even as PlayStation Falters
Sony raised its FY2025‑26 profit forecast to 1.13 trillion yen, citing a weaker yen and offsetting a slowdown in PlayStation sales. Operating profit is projected to grow 20.6% with revenues reaching 12.3 trillion yen. Despite a 16% decline in PS5 sales and...
When Governance Slows Decisions: Rethinking Control, Materiality, and Trust
The article argues that overly rigid governance frameworks, while intended to reduce risk, often become a barrier to timely decision‑making. Organizations add layers of review and chase false precision, treating immaterial variances as critical, which inflates costs and slows execution....
Risk and Decision-Making
The discussion sparked by Alex Sidorenko’s LinkedIn post, echoed by Norman Marks, urges risk professionals to shift from static top‑risk lists to decision‑focused questioning. By centering on the uncertainties that could alter a choice, risk assessment becomes a tool for...
SEC Publishes Data on Exchange Traded Funds and Fund Mergers; Updated Statistics on Municipal Advisors, Transfer Agents, and Security-Based Swap...
The SEC’s Division of Economic and Risk Analysis released two new reports detailing the rapid expansion of active exchange‑traded funds and the fee outcomes of mutual‑fund and ETF mergers. Active ETFs now number close to passive funds, exhibiting higher turnover,...
How Tax Uncertainty Freezes the Electric Car Market — Long Before Any Tax Is Paid
From April 2025 UK electric, zero‑emission and low‑emission cars will lose their Vehicle Excise Duty exemption and move onto the standard VED regime. The change eliminates the long‑standing tax‑free assumption that underpinned many EV purchase calculations. Finance providers have responded...
Brad Karp’s Fall Shows Growing Fallout From Epstein Files
Brad Karp abruptly resigned as chairman of Paul Weiss after newly released Justice Department files linked him to Jeffrey Epstein’s Manhattan mansion and showed he sought a film job for his son. The revelations triggered a swift leadership change, with top...
ISA Fund and Trust Picks for Every Type of Investor – Which Could Work for You?
The article urges investors to fully utilise the £20,000 stocks‑and‑shares ISA allowance before the 5 April 2025/26 deadline and to plan for the next year’s reset. It outlines fund options across risk profiles, from defensive global dividend funds and balanced total‑return...
The Most Popular Fund Sectors of 2025 as Investor Outflows Continue
UK retail investors continued to pull money from funds in 2025, with net outflows of £2.3 billion, matching the previous year. Equity funds bore the brunt, seeing £16.8 billion withdrawn, especially from US‑focused large‑cap tech exposure, while European equity attracted modest inflows....
Aypa Power Closes US$1.5 Billion Credit Facility for US BESS Projects
Aypa Power has closed a $1.5 billion revolving warehouse credit facility to finance its utility‑scale battery energy storage system (BESS) projects across the United States. The facility includes a $500 million “accordion” option, making it the largest storage‑focused independent power producer (IPP)...
Fluence Revenue up 154% but Margin Halves in Last Three Months of 2025
Fluence reported a 154.4% year‑on‑year revenue increase to $475.2 million in the quarter ending 31 December 2025, while its GAAP‑adjusted gross‑profit margin fell to 4.9% from 12.5% a year earlier. Net loss widened to $62.6 million and EBITDA loss grew to $52.1 million. The company’s...
35 Under 35: David Adderson on Advisory, Automation, and the Youtopia Model
In this episode, David Adderson, a 35‑under‑35 honoree, explains how his firm Youtopia is reshaping accounting by delivering real‑time management accounts and positioning itself as a high‑level advisory partner rather than a traditional compliance shop. He emphasizes a "millionaire‑maker" mindset,...
Why the Dollar May Have Much Further to Fall
The article argues that the U.S. dollar faces significant downside risk as domestic fiscal strain and a potentially dovish Federal Reserve erode international confidence. It highlights widening budget deficits, rising debt service costs, and slower economic growth as catalysts for...
Yannis Stournaras: Banking and Financial Outlook for Greece and Europe in 2026
Governor Yannis Stournaras highlighted that Greece’s banking sector has completed a decade‑long balance‑sheet clean‑up, cutting non‑performing loans by 95% and lowering the system‑wide NPL ratio to 3.6% by Q3 2025. Capital adequacy now sits around 20%, enabling the first dividend payouts...
Steven Maijoor: Europe's Digital Autonomy - Between Fault Lines and Vault Lines
Steven Maijoor warned that Europe’s financial sector is sitting on a digital fault line, with banks increasingly dependent on a handful of non‑European cloud hyperscalers. He highlighted the systemic risk this concentration creates, especially under cyber‑attacks or geopolitical sanctions. The...
The Payroll Software Dilemma Facing Accountancy Practices
In this episode, Ian Davidson of Quarry Payroll Consulting discusses the strategic crossroads accountancy practices face as legacy payroll software reaches end‑of‑life, weighing migration to modern cloud platforms against outsourcing payroll to specialist providers. He outlines the heavy resource demands,...
How Beginners Can Create Multiple Online Income Streams Without Burnout
The article outlines a step‑by‑step framework for beginners to build multiple online income streams while avoiding burnout. It advises starting with a single, skill‑aligned foundation stream and mastering it for 3‑6 months before diversifying. Subsequent streams should leverage existing audiences,...
Gent Sejko: Launch of the EBRD Transition Report 2025-26
The European Bank for Reconstruction and Development released its 2025‑26 Transition Report, highlighting demographic change as a decisive driver of economic performance. Governor Gent Sejko used the launch to illustrate Albania’s stark ageing and emigration trends, noting a population drop...
Eli M Remolona: Speech - Rotary Club of Manila 16th Weekly Membership Meeting
Governor Eli M. Remolona told the Rotary Club of Manila that inflation has fallen to 1.8% overall and 1.1% for the poorest 30% of households, while the banking sector shows strong capital adequacy at 16.4% and liquidity at 180% of...
Too Many Bulls Getting Shocked As AI Turns On Humans
Investors Intelligence’s Bull/Bear Ratio climbed to 4.13, signaling an over‑bought market from a contrarian viewpoint. Despite the high sentiment, the S&P 500 broadened, with Communication Services, Consumer Staples, Energy, Industrials and Materials posting record highs. Meanwhile, the S&P 500 Value index appears...
More Notes on Retaliation Against CCOs
The recent webinar on retaliation against chief compliance officers revealed that virtually every participant had experienced some form of push‑back, underscoring how endemic the problem is across industries. Attendees described senior leaders treating compliance as a low‑priority administrative function, often...
Federal Reserve Board Finalizes Hypothetical Scenarios for Its Annual Stress Test and Votes to Maintain the Current Stress Test-Related Capital...
The Federal Reserve Board finalized the hypothetical scenarios for its 2026 annual stress test, keeping them largely unchanged from the October draft. The test will assess 32 large banks under a severe global recession, featuring a 10% unemployment peak, a...
The Dreaded Hindenburg Omen
The mid‑week market update flagged a fresh appearance of the Hindenburg Omen, a technical signal that emerges when market breadth splits and price momentum wanes. The omen indicates that a significant number of stocks are simultaneously hitting new highs and...
Another Big 4 Ditches Their Executive Assistants For Offshore Ones Instead
KPMG Australia announced it will outsource roughly 200 of its 260 executive assistants to the Philippines, representing about 75% of its EA function. The move is part of a broader cost‑cutting initiative after advisory revenue fell 18% and overall revenue...
Watchdog Warns on ‘Fire Sale Dynamics’ Risk in Repo Market
The Financial Stability Board warned that leveraged trades in the short‑term repo market could spark fire‑sale dynamics, pressuring sovereign bond prices. It highlighted a $16 trillion global repo market, with hedge‑fund borrowing near $3 trillion—about 25% of their assets—often conducted with zero...
IRS Issues Updated Safe Harbor Rollover Notices
The IRS released Notice 2026-13 on January 15, 2026, updating the safe‑harbor rollover notices that plan administrators must provide under section 402(f) of the Internal Revenue Code. The new notice replaces the 2020-62 version and incorporates SECURE 2.0 provisions affecting in‑service distributions,...
The BlackRock TCPC Story
The episode dissects BlackRock TCPC’s recent 19% NAV drop, revealing that the loss was driven by six concentrated positions heavily weighted in second‑lien loans and equity rather than first‑lien senior debt. The host contrasts this risky capital‑structure positioning and volatile...
Waiting on ISM Services as Early Data Fails to Inspire
ADP's employment numbers released at 8:15 a.m. ET came in softer than analysts expected, yet Treasury yields barely moved. Fifteen minutes later, the Treasury Department posted its quarterly financing estimates, which were in line with prior forecasts but warned that borrowing...
Partners in Decline: What’s the Future for Partnerships?
The accountancy profession is witnessing the near‑complete erosion of the traditional partnership model, replaced by limited‑liability partnerships and subsidiary companies. Unlimited personal liability, once a hallmark of partnerships, has been mitigated through LLP structures, shielding partners from colleagues' mistakes. Private‑equity...
KOSPI Surges +1.57%: Hardware Sovereignty (Samsung)
In this episode LoRosha analyzes the February 4 Asian market session, highlighting a 1.57% rise in the KOSPI driven by Samsung Electronics breaking the 169,000 KRW mark and reaching a $720 billion market cap. He argues that despite heavy foreign net...
Why Financial Values Matter
The piece argues that financial values—personal priorities and beliefs—are the hidden driver behind money choices, turning budgeting from a punitive checklist into a purpose‑aligned plan. By defining a personal notion of “enough,” individuals can stop chasing endless consumption and focus...
OVO Energy Is Looking Shaky – Its Failure Would Dwarf that of Bulb
OVO Energy, a UK supplier serving over four million homes, is facing a severe financial crisis that could lead to bankruptcy within a year. The company posted the lowest customer‑satisfaction score in the 2025 Which? survey and is one of...
Tom Stevenson's Fund Picks for 2026: MoneyWeek Talks
Tom Stevenson of Fidelity highlighted three funds he expects to outperform in 2026: the Dodge & Cox Worldwide Global Stock Fund, Fidelity Special Situations (UK‑focused), and the Lazard Emerging Markets Fund. He argues that after three strong years for US equities, investors...
PayPal Shares Plunged 86% From the 2021 Goofball High and Right Into Our Imploded Stocks
PayPal’s stock tumbled 20% to $41.70 after it reported a Q4 earnings miss, weak total payment volume growth, and announced a surprise CEO change, appointing HP chief Enrique Lores as its new leader effective March 1, with CFO Jamie Miller serving...
KKR and Singtel Agree S$6.6bn Data Centre M&A Deal
Global investment firm KKR and Singapore telecom giant Singtel have agreed to purchase an 82% stake in ST Telemedia Global Data Centres for S$6.6 billion (US$5.1 billion). The acquisition targets the leading colocation provider’s extensive network of data‑centre assets across the Asia‑Pacific region....
The AICPA Gets the “Professional” Validation They Wanted, Early Career Pipeline Still on Fire
The U.S. Department of Education’s draft rule would have capped graduate student loans and initially classified accounting degrees as non‑professional, threatening higher‑limit borrowing for CPA candidates. The AICPA and NASBA quickly submitted strongly worded letters contesting the classification. In response,...
Neo Financial Secures $68.5 Million in Equity as It Adopts Big-Bank Funding Playbook
Neo Financial announced a CAD 68.5 million equity round led by Canadian institutional investors such as AIMCo and Northleaf. The funding coincides with the launch of a securitization program that will bundle its credit assets to generate liquidity, a practice common among...
Three Companies with Deep Economic Moats to Buy Now
Edinburgh Investment Trust is targeting firms with deep economic moats to deliver superior total return versus the FTSE All‑Share, focusing on three UK‑listed companies. Rightmove dominates UK property portals with an 85% share of time spent and is investing heavily...
Should You Add Gold to Your Pension?
Gold has surged 65 % in 2025 and added 7.6 % through early 2026, prompting advisers to revisit its role in retirement savings. With bonds and equities becoming more correlated amid persistent inflation, gold’s low correlation offers a diversification buffer for pension...
The Hidden Cost Of Investment Income
The episode explores a new Longview Research Partners analysis that challenges the traditional view of bond interest and REIT dividends as portfolio positives, showing that forced investment income can erode over 1% of after‑tax wealth for high‑net‑worth investors. The hosts...