Know What's Happening in Finance
Know What's Happening in Finance
Flex to Acquire Electrical Power Products for $1.1B, Expanding Power Infrastructure Portfolio
Flex Ltd. announced a definitive agreement to acquire Electrical Power Products for approximately $1.1 billion in cash. The target contributes roughly $323 million of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Also developing:
Ostium, founded by former ballerina‑turned‑CEO Kaledora Fontana Kiernan‑Linn, offers a blockchain‑based app that lets users trade stocks, commodities, currencies and crypto from a single digital wallet. The platform reports $29 million in revenue, 25 000 users and $45 billion in cumulative trading volume. It recently closed a $20 million Series A round led by General Catalyst and Jump Trading’s crypto arm. Ostium aims to merge traditional finance and decentralized tech, delivering transparent fees and instant settlement via USDC.
This, from Bloomberg, illustrates how the Middle East War threatens a widening set of global supply chains. (On Monday, the FT is scheduled to post my column on a separate global risk that has yet to receive sufficient attention: the likely...
Kenya’s digital economy is booming, but infrastructure gaps threaten its momentum. Konza Technopolis, a 5,000‑acre smart‑city project, is being built through public‑private partnerships to provide core utilities, roads, and digital services. Phase One, commissioned in October, delivered essential power, water, and...
Larry Kudlow hosted a Fox Business program on March 20, 2026, warning that upcoming U.S. policy changes could reshape domestic and global financial markets. Simultaneously, Fox News shows highlighted renewed sanctions pressure on Iran, raising concerns about oil supply and...
Your financial model has an error right now. You just haven't found it yet. I know because I've been there. I once spent days building a model for a client. Board meeting. Next 12 months of projections. Felt great about it. Then a...
State Street and Voya Investment Management are pivoting toward mortgage‑backed securities as rising oil prices and inflation fears make high‑grade corporate bonds riskier. A Trump‑directed $200 billion purchase program by Fannie Mae and Freddie Mac adds liquidity to the MBS market, narrowing the...
My thoughts on how private credit mangers can rebuild investor confidence in this weekend's @barronsonline: First, they should cut fees: "A lower fee structure would go a long way toward improving managers’ standing with investors". Investors will return to the asset...
Long-term Treasuries are up 4.60% this year. The S&P 500 is down 3.24%. The most consensus short trade in finance for three years is quietly winning. Nobody writes bond bull pieces. Nobody is crediting their bond allocation. But TLT has outperformed SPY...
Publicly traded firms are amassing a combined 7.3 million ETH, worth over $16 billion—about 6 % of total supply. The largest holder, BitMine Immersion Technologies, has bought 4.6 million ETH (~$10 billion) and aims for 5 % of circulating ETH. Sharplink, led by Ethereum co‑founder Joe Lubin,...
The U.S. Treasury market is experiencing a bear‑flattening episode, where short‑term yields have risen faster than long‑term yields. Over the past three days the 2‑year yield jumped 23 basis points while the 10‑year climbed 18 basis points, widening the short‑term...
Brazil’s finance minister Fernando Haddad announced his resignation to contest the São Paulo governorship, naming Dario Durigan as his replacement. The move reshapes Lula’s succession plans and raises questions about Brazil’s fiscal agenda ahead of the October presidential election.
Quick Biotech IPO stats for 2026, with six offerings: $AKTS $AGMD $EIKN $SGP $MANE $GENB - Average post-IPO stock performance (offer price to 3/20/26 close): +38%. Without $MANE, avg is negative. - Median post-IPO stock performance: -24% - Total IPO gross proceeds:...
"The forward 12-month P/E ratio for the S&P 500 is 20.3. (down 2.8pts from the high... the market multiple hits correction territory)" -Mike Zaccardi
U.S. equity indexes slid 1‑2% on March 20, with the S&P 500 down 1.5% to 6,506.48, as Brent crude surged past $111 per barrel. The sell‑off was driven by a sharp oil price jump and heightened geopolitical risk from the...
Park Medi World Limited completed a ₹245 crore all‑cash acquisition of SVPD Healthcare, securing full ownership of the 360‑bed KP Institute of Medical Sciences (KPIMS) in Agra. The deal follows earlier purchases of KPS Wellness, bringing the group’s total hospital count...
Fortress Investment Group is preparing to sell Majestic Wine, the UK’s largest specialist wine retailer, which it acquired in 2019 for £95 million. Rothschild will manage the sales process, with a formal auction expected early next year and no price guidance...
Flipkart announced that Group CFO Sriram Venkataraman will step down after a decade, remaining temporarily to aid transition. Marketplace CFO Ravi Iyer will assume interim oversight of the finance function. The change aligns with Flipkart’s accelerated preparations for a domestic...
Exponent Energy announced an extended Series B round that will raise Rs 182 crore ($20 million), co‑led by 360 One and TDK Ventures, with participation from existing backers. The funding lifts the post‑money valuation by roughly 56% to about Rs 1.25‑1.30 billion. Revenue surged 80% to Rs 30.2 crore...
Pep Technologies posted a 23% rise in operating revenue to Rs 237.5 crore in FY25, while cutting its net loss by 81% to Rs 18 crore. The growth was driven almost entirely by its Hyphen brand, which surged over 6.5‑times to cross...
Bengaluru‑based fintech SaaS unicorn Perfios posted a 46% rise in consolidated net profit to ₹104.3 cr for FY25. Operating revenue grew 20% to ₹669.5 cr, with total income of ₹708.5 cr after other income. SaaS services accounted for over 95% of revenue, while...
A recent analysis of ex‑AA CEO Doug Parker’s comments shows American Airlines lost market share by ignoring local co‑branded credit‑card revenue when trimming routes in New York, Los Angeles and Chicago. In the U.S., airline‑issued cards generate billions, and the...
Foreign portfolio investors withdrew ₹35,475 crore from Indian equities this week, taking March’s cumulative outflow to ₹88,180 crore – the highest monthly net withdrawal recorded in 2026. The sell‑off accelerated after a Monday outflow of ₹10,827 crore and ended with a Friday dump...
Kinsale Capital Group (KNSL) has been upgraded to Strong Buy as its underwriting discipline and profitability remain solid despite a soft insurance market. The insurer posted a 71.7% combined ratio and a 26% return on equity, outpacing peers. Valuation has...
Blackstone’s flagship private‑credit vehicle, BCRed, recorded a 0.4% loss in February, marking its first monthly decline since September 2022. The $83 billion fund had delivered flat performance for the first two months of 2026 after an 8% gain in 2025. Blackstone...
Chenmark’s founders reflect on why they never took a $20 million external fund between 2015 and 2019, opting instead to bootstrap their hold‑co model. The lack of capital forced disciplined cash‑flow reinvestment, lean talent acquisition and a culture of shared risk....
"Changes to index criteria are frequently proposed and often adopted. Since 2015, S&P has made over 20 updates to the S&P 500 index methodology, including increasing the minimum seasoning requirement in 2017 and reducing the minimum float requirement in 2019....
True, but… I’d be more concerned if the next layers down aren’t using it…VP finance, Controllers, and their teams I know many who haven’t touched any AI yet…
The FCA reminded regulated firms to conduct proper due diligence when dealing with unregulated lenders, safe‑custody providers, money brokers and financial leasing companies, known as Annex 1 firms. About 1,200 Annex 1 firms are registered solely for anti‑money‑laundering (AML) purposes and are...
It's easy to make fun of 2021 valuations. But how in the world did we ever think Asana should be at a 60x revenue multiple... Seems like we will look back similarly at many private AI companies 🤔 https://t.co/VK8CqatqTn
1/6 The 10-year yield was up 13 bps yesterday, closing at 4.38%, the highest level since late July The bond market's view changed in the last few days. 🧵 https://t.co/QnAMwCkKch
The Federal Reserve announced a third‑party review of the March 2023 Silicon Valley Bank collapse, citing evidence of supervisory and management failures dating back to 2022. Vice Chair for Supervision Michelle Bowman said the external audit will examine all events...
There is a new meta for merger arbitrageurs, such that traditional antitrust analysis is outweighed by the acquiror's political clout. In particular, if the acquiror employs Mike Davis, their M&A deal is getting done. https://t.co/B0QuYUxxv2
Tokenization and the Future of Securities: Modernizing Our Capital Markets | U.S. House Committee on Financial Services Democrats https://t.co/DIllwrCy1U
Cryptocurrency’s rapid adoption has heightened money‑laundering concerns, prompting regulators worldwide to impose stricter anti‑money‑laundering (AML) requirements on exchanges and service providers. The article outlines how traditional AML tools struggle with the pseudonymous, decentralized nature of digital assets, and highlights emerging...
It is as if the media is unaware of the broadly syndicated loan market https://t.co/7VASp4fFsN
UST 10 Yr Notes went home 4.386 on Friday, yield about 10.3bp's higher. 20 Yr Bonds just 2bp's away from that 5% Handle.
Businesses are moving toward centralized treasury operations as fragmented systems impede real‑time cash visibility and risk assessment. Volatile interest rates, supply‑chain shocks, and currency instability now shift financial positions within hours, making delayed insight strategically dangerous. Advances in AI and...
Every expense tool claims one-click sync to QuickBooks. But how many of them can do it in 60 seconds while you’re skydiving lol?
Morningstar DBRS upgraded the Class B notes of Ford Auto Securitization Trust II 2025‑A to AA (high) from AA (sf) and reaffirmed AAA (sf) ratings for the Class A‑1, A‑2 and A‑3 notes. The upgrade reflects stronger credit enhancement, with...
Schwab pays ~20 bps on cash. Wealthfront pays 330 bps. Schwab keeps 290 bps. Wealthfront keeps 60 bps. Craziest part -- both have ~36% net income margins. The ops heavy, extractive incumbent model and the tech powered client-aligned model converge at the same...
Morningstar DBRS confirmed credit ratings on five classes of the Wells Fargo Commercial Mortgage Trust 2015‑C27, assigning B (sf) to Class C and C (sf) to Classes D, E, F and X‑B. The agency discontinued the rating on senior Class PEX after its repayment. Since...
The Stilwell Group reached a standstill agreement with Lake Shore Bancorp, securing a board seat while agreeing not to buy more stock, sue, or force a sale. In return, Lake Shore appointed Dennis Pollack, a known Stilwell associate, to its...
The week’s headlines spotlight a tightening grip on compliance and a fierce push toward AI across the accounting sector. PwC’s U.S. CEO warned partners that resisting AI adoption could end their tenure, while a Substack investigation accused YC‑backed Delve of...
Smart financial record management is becoming a critical capability for Indian ecommerce firms, especially Shopify merchants under $5 M GMV who still rely on spreadsheets. Disorganized books not only create compliance headaches but also restrict access to capital, obscure cash‑flow visibility,...
The Internal Revenue Service has scrapped the $600 Form 1099‑K reporting requirement for third‑party payment platforms, reinstating the $20,000 and 200‑transaction threshold. The change, enacted through the One Big Beautiful Bill Act on July 4, 2025, removes a compliance burden that threatened millions of casual...
Nebraska’s 2025‑27 biennium budget stalled after a $3.5 million school‑choice voucher provision was removed, preventing cloture and prompting Governor Jim Pillen to urge a swift resolution before the March 25 deadline. The appropriations bill faces two major disputes: the voucher funding and...
Otello Corporation announced that between 16 and 20 March 2026 Pareto Securities purchased 97,200 shares at an average price of NOK 17.05, representing a NOK 1.66 million outlay. Since the program’s launch on 9 February 2026, the company has bought a total of...
Shinhan Financial Group filed FY2025 audit reports for its wholly‑owned Shinhan Bank, revealing a consolidated net profit of KRW 3.78 trillion and net interest income of KRW 9.17 trillion, up from the prior year. Total assets expanded to KRW 596.97 trillion, largely funded by KRW 434.32 trillion in...
Antin Infrastructure Partners disclosed a share repurchase program covering March 16‑20, 2026. Over the five‑day period the firm bought back approximately 69,000 of its own shares on multiple European trading venues, including AQEU, CEUX, TQEX and XPAR. The weighted average...
JUST IN: 🇺🇸 CFTC announces Futures Commission Merchants can accept Bitcoin as margin collateral. https://t.co/oNOW4PB9po
