Today's Finance Pulse
SpaceX files for record‑size IPO, targeting $50B‑plus raise and $1T valuation
SpaceX confidentially filed for an IPO slated for June 2026, aiming to raise at least $50 billion and push its valuation above $1 trillion. Founder Elon Musk holds roughly 44 percent of the company, giving him a net worth of about $823 billion. The filing positions the rocket and satellite maker among the most valuable public companies ever.
Also developing:
By the numbers: Berkshire Hathaway invests $10B in Alphabet's private placement
Compass Minerals Beats Q2 2026 Estimates on Fertilizer Demand, EPS $0.63 vs $0.59 Forecast
Compass Minerals reported second‑quarter fiscal 2026 earnings of $0.63 per share, beating the $0.59 consensus, and revenue of $453 million, outpacing the $419.07 million estimate. The beat was driven by strong Plant Nutrition sales, though the stock fell 2.68% in pre‑market trading amid concerns over de‑icing sales and operational challenges.
Jardine C&C Said to Explore Sale of Car Dealership in Malaysia and Singapore
Singapore‑listed Jardine Cycle & Carriage, a Jardine Matheson subsidiary, is exploring a sale of its car dealership operations in Malaysia and Singapore. The potential transaction could value the business between $250 million and $350 million. Jardine Matheson holds roughly 85% of C&C,...
34% of CFOs Cite Productivity Gains as Primary AI Adoption Driver
A new PYMNTS Intelligence survey of chief financial officers at U.S. companies with at least $1 billion in revenue shows 34% cite productivity gains as the chief motivator for AI investment. The study also reveals industry‑specific priorities, emerging skill‑gap concerns, and...
Hg Capital Trust Writes Down Two‑thirds of Top Holdings, NAV Drops 5.4% in Q1
Hg Capital Trust, the listed vehicle for the private‑equity firm Hg, disclosed that it has written down two‑thirds of its 20 biggest software holdings, pushing its net asset value down 5.4% in the first quarter. The decline reflects a 9%...
Amazon Moves to Acquire Globalstar as Revenue Grows 17% in Q1
Amazon is advancing a deal to buy Globalstar while the satellite operator posted $70 million in first‑quarter revenue, up 17% year‑over‑year. The growth was driven by higher wholesale capacity fees and expanding IoT subscriptions, underscoring the market’s appetite for integrated satellite‑terrestrial...
US Multifamily Sales Plunge 42% in Q1 2026 as Vacancy Outlook Worsens
Multifamily investors pulled back sharply in the first quarter of 2026, driving U.S. apartment investment sales down 42% year‑over‑year. At the same time, CoStar Group raised its national vacancy forecast to 8.8% by the end of 2026, underscoring a deepening...
J.P. Morgan Warns Market Inflation Fears Exceed Reality, 30‑Year Yields Top 5%
J.P. Morgan argues that investors are over‑reacting to inflation, a view that has driven 30‑year Treasury yields past the 5% mark. The firm notes headline CPI at 3.3% YoY and a Federal Reserve likely to stay on hold, underscoring a...
Datasite Acquires Valu8, Adding 70 Million European Companies to AI‑Driven Deal‑Sourcing Platform
Datasite announced the acquisition of Swedish private‑market intelligence firm Valu8, integrating data on 70 million European companies into its Grata platform. The deal expands Grata’s coverage from 20 million to roughly 90 million firms, giving private‑equity and M&A teams broader, AI‑enhanced visibility. The...
US REIT M&A Hits $16.8 B Through April 2026 as Buyers Chase Discounted Valuations
US REIT merger‑and‑acquisition activity reached $16.8 billion through mid‑April 2026, with four announced deals. Private‑equity firms and sizable public REITs are exploiting depressed market valuations, accelerating consolidation in the sector.
SEBI Plans Major Changes to Buyback Rules, Seeks Public Comments
India’s securities regulator SEBI has unveiled a consultation paper proposing sweeping reforms to the country’s share‑buyback framework. The draft shortens the open‑market buyback window to 66 working days, eliminates the separate trading‑window requirement, and mandates electronic notice to shareholders within...
Apollo and Blackstone Mull $35 Billion Private Credit Deal for Broadcom AI Chip Push
Apollo Global Management and Blackstone are negotiating a roughly $35 billion private‑credit financing for Broadcom, aimed at fueling the chipmaker’s AI‑focused product rollout. The deal would rank among the biggest private‑credit transactions ever, underscoring how tech firms are tapping alternative capital...
Instabank ASA Posts 41% Q1 Income Rise, Lifting Euro‑Bank Indexes
Instabank ASA announced first‑quarter earnings of NOK32.73 million, a 41% increase year‑over‑year, and revenue up 30.2% to NOK233.13 million. The results beat analysts’ expectations and sparked a rally in regional banking shares across European markets.
Telus Posts $5 B Q1 Revenue, Announces CFO Retirement
Telus Corp. posted unaudited first‑quarter 2026 operating revenues of $5.0 billion, a slight dip from the prior year, while announcing the unexpected retirement of its chief financial officer. The results highlight modest service‑revenue growth, strong customer additions and a thriving TELUS...
SEC Chairman Urges Clear Rules for On-Chain Trading
SEC Chairman Paul S. Atkins urged the agency to issue clearer rules for on‑chain trading, emphasizing the need to define how broker‑dealer, clearing agency and crypto‑vault activities fit within existing regulations. He reiterated his call for Congress to pass the...
Hyperscale Data Weighs Strategic Options as $100 Million Balance Sheet Outpaces Market Value
Hyperscale Data, Inc. announced that its executive team is evaluating a range of strategic alternatives after its cash and Bitcoin treasury neared $100 million while its market capitalization lagged behind. Executive Chairman Milton “Todd” Ault III warned that the market undervalues...
Peloton Posts Q3 2026 Turnaround, Revenue Grows YoY, Debt Cut 70%
Peloton Interactive announced positive year‑over‑year revenue growth and a 70% reduction in net debt during its Q3 2026 earnings call. The company highlighted a $1.13 billion cash reserve, a new Spotify content partnership and expanding commercial sales, signaling a shift toward...
Gray Media Q1 2026 Revenue Drops 11% as It Expands Station Portfolio
Gray Media (NYSE: GTN) posted Q1 2026 results showing retransmission consent revenue fell 11% to $339 million and core advertising slipped mid‑single digits to $361 million. The broadcaster added stations in four new markets, closed deals covering ten additional markets, and highlighted...
Bank of Ghana Reports GH¢15.6bn Loss, Unveils Recapitalisation Roadmap
The Bank of Ghana announced a GH¢15.6bn (about $1.3bn) operating loss for 2025 and a plunge in equity to GH¢93bn negative. The central bank said it remains policy‑solvent but unveiled a multi‑year recapitalisation programme with the finance ministry to rebuild...
Bank Negara Malaysia Holds Rate at 2.75% as Middle East Conflict Threatens Growth
Malaysia’s central bank kept the overnight policy rate at 2.75% for the fifth straight meeting, warning that the protracted Middle East war could feed higher commodity prices and inflation. The decision underscores how emerging‑market policymakers are balancing solid domestic fundamentals...
Short‑Duration Bond ETFs Pull Over $24 B in Record Inflows as Yields Stay High
Investors shifted more than $24 billion into short‑duration bond exchange‑traded funds in the past month, the biggest inflow on record. The surge reflects a hunt for higher yields amid an environment where traditional cash products lag, prompting advisors to re‑allocate client...
Enterprises Must Treat AI Tokens Like Budget Line Items
A common trend emerging in larger enterprises is token budgeting as a major topic. As agents can do more and more long running tasks, and thus take vastly more compute, allocation of tokens across teams becomes a very real thing...
Zip Unveils AI Accounting Agents, Cutting Invoice Cycle Times by Up to 96%
Zip introduced its AI Automation for Procure-to-Pay suite, a set of seven AI agents that automate the full accounting workflow. Early customers report invoice coding 40% faster, approvals 51% faster, and three‑fold monthly processing capacity without extra staff, signaling a...
Payward to Acquire Reap for Up to $600M, Expanding Global Card and Stablecoin Payments
Payward announced a definitive agreement to acquire Reap Technologies for up to $600 million in cash and stock, valuing Payward at $20 billion. The deal adds a regulated card‑issuing and stablecoin‑payments stack to Payward Services, giving partners a single API for crypto‑native...
Balanced Bipartisan Budget Safeguards Education and Public Safety
Today I was proud to sign a balanced, bipartisan budget that reflects our commitment to being responsible stewards of taxpayer dollars and protects key funding for education and public safety. I’m grateful to the work of Colorado’s Joint Budget Committee...
CMBlu Secures €50M Series C for Organic Flow Batteries
Organic flow battery company CMBlu closes €50 million Series C #energysky -- via Energy Storage News: https://t.co/596pHjCFaJ
Wealth Ambitions, AI Threats and War Risks: 4 Takeaways From Singapore Banks’ Q1 Results
Singapore’s three major banks – DBS, UOB and OCBC – all posted first‑quarter earnings that beat expectations despite a low‑interest‑rate environment. Wealth‑management fees surged, with DBS reporting a record $671 million and OCBC up 34% to $312 million, offsetting declines in net...
Franklin Templeton’s Bold S&P 500 Call Stuns Wall Street
Franklin Templeton Institute, the research arm of the $1.68 trillion firm, reiterated its year‑end S&P 500 target of 7,000‑7,400, citing 8%‑13% earnings‑per‑share growth. The forecast comes as the index has surged 15% since March, with earnings‑beat rates hitting 84%—the strongest since 2021....
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Capital in Business: Types, Structure, and Uses Explained
Capital is the lifeblood of any business, encompassing cash, assets, and financing tools used for daily operations and growth. Companies typically rely on four capital categories—working, debt, equity, and trading—to fund activities, each reflected differently on the balance sheet. The...
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Financial Controller: Key Roles, Duties, and Career Insights
A financial controller directs a company’s accounting, reporting, payroll, and risk‑management functions, acting as the operational backbone of finance. In 2025 the role commands an average salary of $112,770, with Glassdoor reporting a median total compensation of about $156,000. The...
Seventh Circuit Resets Illinois Swipe-Fee Fight as July 1 Deadline Looms
The U.S. Court of Appeals for the Seventh Circuit vacated a February district‑court ruling upholding Illinois’ Interchange Fee Prohibition Act and remanded the case to the Northern District of Illinois. The decision cancels scheduled oral arguments and returns the dispute...
USPS Floats More Financial Aid From Congress as Way to Avoid Running Out of Cash Next Year
The U.S. Postal Service is signaling to Congress that it may need additional financial assistance to avoid a cash shortfall in early 2027. Postmaster General David Steiner outlined two possible routes: trimming service mandates and raising rates, or securing robust...
Lenzing Gets Back in the Black
Lenzing AG reported a net profit of 24 million euros (≈$28.3 million) in Q1 2026, ending three consecutive quarters of losses. Revenue fell 10.8% year‑over‑year to 615.7 million euros (≈$726.5 million). Free cash flow more than doubled to $39.88 million, driven by pricing discipline, cost‑cutting, working‑capital...
Understanding Emergency Debt Decrees
Thailand’s cabinet approved an emergency decree on May 5 authorising up to 400 billion baht (≈ $11.4 billion) of domestic borrowing. The package is split evenly: 200 billion baht (≈ $5.7 billion) for immediate relief to vulnerable households and businesses, and another 200 billion baht for investments in...
Is Brightline Florida Approaching a Red Signal?
Brightline Florida’s 2025 financial statements show revenue growth to $214 million and a narrowed operating loss, yet the company posted a $233 million net loss and lacks sufficient liquid funds to service debt. Ernst & Young’s audit highlighted substantial doubt about the railroad’s ability...
Trump Media, Parent of Truth Social, Reports Q1 Sales of $871,000 and $405.9 Million Net Loss
Trump Media and Technology Group (DJT) reported Q1 2026 net sales of $871,200, a 6% YoY increase, but posted a $405.9 million net loss and a $387.8 million adjusted EBITDA loss. The company generated $17.9 million of operating cash flow and closed the...
Albemarle (ALB) Gets Truist Price Target Boost on Lithium Price Momentum
Truist Securities raised its price target for Albemarle Corp. (ALB) to $245, up from $210, while keeping a Buy rating. The increase reflects revised earnings forecasts for 2026 and 2027, driven by sustained lithium price momentum into early 2026. Analyst...
OCC Recommends Banks Sharpen AI Defense Tactics
The Office of the Comptroller of the Currency (OCC) released its Spring 2026 Semiannual Risk Perspective, flagging artificial intelligence as both a cyber‑risk and an innovation driver for banks. It urges institutions to tighten AI‑related defenses with multifactor authentication, rapid...
Meritage Reports First Quarter 2026 Results; Margins Rising, Outlook Better
Meritage Hospitality Group reported a first‑quarter 2026 revenue decline to $132.6 million, a 14% drop year‑over‑year, while earnings from operations widened to a $10.6 million loss after one‑time closure and restructuring charges. The company closed roughly 60 Wendy’s locations and trimmed morning...
#58936
Effective May 8, 2026 the National Securities Clearing Corporation will no longer accept settlement of Apellis Pharmaceuticals (APLS) option exercises, forcing all APLS/2APLS contracts to settle on a broker‑to‑broker basis. The Options Clearing Corporation (OCC) will continue to process exercise instructions but...
ISC to Release 2026 First Quarter Financial Results on May 15, 2026
Information Services Corporation (TSX: ISC) announced it will publish its first‑quarter 2026 financial results on May 15, 2026 after market close. The unaudited condensed consolidated interim statements, notes and Management’s Discussion & Analysis will be filed on SEDAR+ and the company’s investor site....
Master Working Capital Forecasting with a Proven 20‑Year Model
Why is working capital so damn hard to forecast? And how do it better? In tomorrows edition of Playbooks, I share the model for understanding working capital that has served me for the last twenty years and helped navigate umpteen cash...
Fed Seeks Level Playing Field for Banks Vs. Non‑banks
Fed's Michelle Bowman: the regulatory environment has pushed credit to non-bank financial institutions banks. Proposed changes are aimed to have traditional banks better compete.
DSS, Inc. Reports Going Concern Audit Opinion in 2025 10-K Filing
DSS, Inc. disclosed that its FY 2025 Form 10‑K, filed March 31, 2026, contains an audit opinion from HTL International LLC with a going‑concern qualification. The company emphasized the filing complies with NYSE American’s Section 610(b) and does not amend...
US Stock Market in Bubble Territory, Yield Spread Confirms
My view in @beincrypto on how the US stock market is OVERPRICED, OVERVALUED, and OVERHYPED: “My Bubble Detector says the US stock market is in bubble territory. So does the bond-stock yield spread. Buckle up.” https://t.co/EIcTSXkcsw
Regulators Block Bank Liquidity Requests, Scarce Reserves Inefficient
How to shrink the balance sheet? @DuffieDarrell Due to regulatory pressure, large banks have not come to the Fed to get liquidity. Making reserves scarce again would be 'massively inefficient and stupid' (referencing Fed's Chris Waller's recent speech)
What W-2 Withholding Anomalies Trigger an IRS Review?
Form W‑2 reporting drives the IRS’s post‑filing verification, matching employer‑reported wages and withholding against individual returns. Mismatches trigger CP2000 notices for taxpayers and CAWR discrepancy cases for employers, often escalating to deeper audits. Errors such as missing, incorrect, or late‑filed...
DeepSeek Secures $7B Funding at $50B Valuation
DeepSeek is raising $7B at $50B valuation. Here is a rare English-language interview with one of the startup’s co-founders following a previous tech exit in the AI space. https://t.co/scR3D4ohM5
Payward Seeks Federal Bank Charter for Crypto Custody
Kraken's parent company, Payward, applies to become a Federal Bank, offering Bitcoin and crypto custody services https://t.co/hKVxGVLfFY
Janus Henderson Group Plc Reports First Quarter 2026 Results
Janus Henderson reported Q1 2026 results showing a sharp decline in operating income to $113.9 million, far below the $487.4 million recorded in Q4 2025. Adjusted operating income fell to $170.8 million and diluted earnings per share dropped to $0.59, with adjusted EPS...
Embrace ETF Securities Lending for Extra Returns
A little weekend reading from me: why you should learn to love your ETF's securities lending program. https://t.co/zspTTR0VpP