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:
Markets are pricing a more aggressive Bank of Canada tightening path, with traders betting on a cumulative 75 basis‑point increase by 2026 and a 25‑basis‑point hike as early as July. The central bank held its policy rate at 2.25% and emphasized a "look‑through" approach to the recent oil price surge, citing growth risks over inflationary pressures. Despite the BoC's measured tone, global hawkish sentiment and oil prices above $110 a barrel have pushed Canadian yields higher across the curve. The next rate decision is slated for April 29.
CVC Capital Partners plc released a progress report for its 2026 share buy‑back programme covering the period 16 March to 20 March 2026. The update confirms that repurchases continued as scheduled with no material deviation from the original plan. CVC reiterated its...
Banking experts welcomed the White House’s decision to delay a Trump administration proposal that would have required banks to collect customers’ citizenship information. The mandate, seen as an extension of immigration enforcement into financial regulation, raised concerns about massive customer...
Companies are turning to 1099 generators to streamline contractor payments, automating form creation and reducing manual effort. The tools validate data in real time, cutting costly errors and ensuring compliance with ever‑changing tax rules. Centralized, encrypted storage simplifies record‑keeping, audit...
Valuing a retail business requires more than formulaic calculations; it blends inventory cost with earnings analysis, typically using Seller’s Discretionary Earnings for small stores and EBITDA for larger operations. Multiples vary from 1.5‑3x for owner‑dependent shops to 4x or higher...
India revised the interest subvention rules for export credit effective Jan 2, 2026. The benefit now ceases when a loan is classified as a non‑performing asset and the Unique Identification Number cannot be transferred to another bank. Exporters must keep total...
U.S. banks Custodia and Vantage have launched tokenized deposits that will be used in Participate, a loan‑participation network spanning roughly 600 financial institutions. The SEC also approved Nasdaq’s plan to settle trades of major equities and ETFs with tokenized securities,...
MAX Power Mining Corp. closed a $20.5 million brokered private placement, selling 15.8 million units at C$1.30 each. The offering was led by billionaire investor Eric Sprott, who purchased roughly 3.5 million units, and was book‑run by Hampton Securities. Proceeds will fund analytical testing,...
Rising fuel prices are pressuring businesses to reassess pricing structures beyond simple cost absorption. The article recommends using short‑term surcharges paired with clear criteria to transition into permanent, value‑aligned rate adjustments. It emphasizes granular cost‑to‑serve analysis by region, segment, and...
Schupan announced the appointment of Mandy Lovelady as its new chief financial officer. Lovelady arrives from Perrigo, where she most recently served as CFO of the International division in Dublin. She brings more than two decades of experience in financial...
The Global Credit Risk & Debt Recovery Conference 2026 will convene July 1‑2 in Dubai’s Mövenpick Grand Al Bustan. Senior leaders, decision‑makers and innovators from banks and financial services will gather for two days of insight. More than 25 expert...
Canadian securities regulators have launched a pilot allowing publicly traded companies with revenues of $10 million or less on the TSX‑V or Canadian Securities Exchange to file financial statements twice a year instead of quarterly. Participation is voluntary and requires at...
The Treasury Department will take over the $1.7 trillion federal student‑loan portfolio from the Education Department, beginning with roughly 10 million borrowers in default or late‑stage delinquency. The three‑phase interagency agreement shifts collection, servicing and even FAFSA administration to Treasury, sparking praise...
Chinese online travel platform Tuniu announced a reverse split of its American depositary shares, changing the ADS‑to‑Class A ratio from 1:3 to 1:30 effective April 22, 2026. The company also declared a $13 million cash dividend, paying $0.0399 per ordinary share in May 2026....
In a recent interview, M&T Bank CEO Rene Jones outlined how regional banks are navigating a higher‑interest‑rate environment and tighter credit conditions. He highlighted M&T’s focus on disciplined loan growth, bolstering deposit stability, and accelerating digital transformation to improve cost...
Private equity‑backed companies are hunting CFOs who go beyond traditional finance stewardship. Recruiters cite four non‑negotiables: acting as an operational copilot, possessing advanced AI expertise, being transaction‑ready, and showing a strong backbone. With roughly 21,000 PE‑backed firms in the U.S....
Thomas Cook India will demerge its resort business into subsidiary Sterling Holiday Resorts Ltd, transferring six Nature Trails properties that generated ₹70 crore in revenue during the first nine months of FY2026. The split is intended to streamline the capital structure,...
Companies often believe accounts receivable risk is evident from overdue invoices, but hidden exposure builds earlier when credit decisions rely on static data. Customers approved with fixed limits can deteriorate financially without real‑time alerts, leading to over‑extension and unexpected write‑offs....
Active municipal‑bond ETFs have transformed a traditionally static fixed‑income segment by pairing tax‑exempt muni exposure with the liquidity and transparency of the ETF structure. The 2019 ETF rule spurred a wave of product innovation, allowing active managers to dynamically adjust...
Unilever confirmed it is in advanced talks to sell its global food business to McCormick & Co., a move that would shift the maker of Hellmann’s mayonnaise toward its faster‑growing personal‑care division. Bloomberg values the food unit at roughly $33 billion,...
Nexstar Media Group announced a senior secured note offering exceeding $5 billion, aimed at financing its $6.2 billion acquisition of the former Gannett assets. The move follows Nexstar’s effective takeover of TEGNA and the conversion of TEGNA shares into Nexstar’s “NXST” ticker....
EisnerAmper has teamed with Microsoft to launch the EisnerAI Audit Design Agent, an assurance platform built on Microsoft Foundry. The AI‑driven tool acts as a research partner, quickly synthesizing data across systems and surfacing key patterns for auditors. By automating...
Accounts payable teams face soaring invoice volumes, tighter compliance, and heightened fraud risk while headcount stays flat. Legacy automation tools based on templates and static rules cannot interpret diverse formats or link related documents, forcing manual work and errors. The...
Remitian announced a $7 million seed round and the launch of its Tax Payment API, aimed at streamlining the final mile of tax remittance for accounting firms and fintech partners. The API embeds payment initiation, validation, and real‑time tracking directly into...
Finance leaders entering 2026 face expanding regulatory expectations and more intricate operational risks. A Controllers Council webinar highlighted that compliance now spans tax, data governance, AI‑driven processes, and industry‑specific rules. Panelists urged finance teams to shift from reactive checklists to...
Forescout Technologies reported robust FY2025 results, adding over 230 net new customers and closing 58 deals worth $1 million or more, a 26% increase year‑over‑year. Revenue growth was strong across financial services (up 25%) and healthcare (up 24%), while gross dollar...
China Evergrande’s liquidators have scheduled a court hearing with PwC in Hong Kong’s High Court for May 18, 2026, marking the first public session of a lawsuit filed in March 2024. The creditors’ representatives allege that PwC’s mainland affiliate was negligent and...
The IRS issued Revenue Procedure 2026‑17, allowing taxpayers to withdraw Sec. 163(j)(7) elections for excepted trades or businesses and to make a late Sec. 168(k)(7) election to forego bonus depreciation. The guidance implements changes from H.R. 1, which made 100 percent bonus depreciation permanent...
The Financial Conduct Authority is being criticised for over‑regulating, which many say hampers investment activity and drives investors toward ultra‑safe, low‑return products. Industry leaders argue that a cultural shift toward risk‑taking and clearer messaging is essential, especially as surveys reveal...
CEOs are pairing AI‑driven customer acquisition with modern fintech to scale globally. AI tools such as automated SEO localization and rapid video generation enable cost‑effective, multilingual market entry. Yet legacy banking systems impose FX fees, opaque costs, and slow settlements...
This headcount format gets the fastest "got it" from every board I've presented to. Here's the thing about tables. They work. But nobody remembers them five minutes later. You say "Sales has 72 people." Board nods. Next slide. Already forgotten. But when you...
When the Fed cutting cycle started in 2024, 20Y rates quickly moved to 4%. And after 175bp of cuts, the 30Y rates is back up to 5%. The latest wiggle is obviously the Iran effect. But the divergence is arguably 2 years...
U.S. consumer loan ABS performance is stabilizing after the 2023 peaks as issuers tighten underwriting standards. Marketplace lending shows modest improvement year‑over‑year. Delinquencies in branch‑based loans have risen slightly in newer vintages. Home‑improvement loan originations grew while maintaining steady performance.
So how has the plan by @SecScottBessent to not term out the debt and keep rolling bills worked out?
Great to be on @SquawkCNBC with @andrewrsorkin. My take: --> AI will drive increased financial activity --> AI agents will eventually transact and exchange value on our behalf This means we'll need new financial rails designed for machines. The future of finance will...
Campfire, an AI‑native ERP provider, unveiled Ember Agents – a suite of AI‑driven accounting assistants that automate repetitive finance tasks. The agents operate either continuously, handling transaction matching, AP/AR processing, and anomaly detection, or on demand, executing month‑end activities like...
Boston Beer repurchased ~$530 million of its common stock over the past three years, which is roughly comparable to what the company spend on repurchases over the previous decade (FY13 - FY22) https://t.co/pROlFqwX7E
Unicorns are facing "cap table gridlock," where layered ownership structures hinder growth and exits. The issue stems from three shifts: concentration of venture capital into a few mega‑rounds, larger funding rounds, and longer private‑company lifecycles. As AI and other sectors...
Marvell Technology reported record fiscal 2026 results, posting $8.195 billion in net revenue, a 42 percent year‑over‑year increase, and a Q4 revenue record of $2.219 billion. GAAP earnings per share rose to $3.07, up 81 percent, while non‑GAAP EPS reached $2.84. The growth was...
Senate Banking Committee Democrat Elizabeth Warren called the current market turmoil "the worst possible moment" to let 401(k) participants invest in private‑credit and equity. Critics say the Trump administration’s push could force retail retirees into opaque, illiquid assets just as...
The American Association for Physician Leadership has released "When Mission Meets Money: Financial Guidance for Medical Nonprofit Leaders," a new book by Matt Paprocki aimed at helping medical nonprofit board members master investment oversight. The guide presents a three‑part formula—investment...
Prorating investors in a standard 5% quarterly tender offer is not the same as gating or halting redemptions. https://t.co/p9tLyxgsOi
Russian oil major Lukoil recorded a $20 billion write‑off of its foreign assets after the U.S. Treasury sanctioned its international holding LIG. The impairment pushed the company into a 1.06 trillion‑rouble net loss for 2025, a sharp reversal from the 852 billion‑rouble profit...
The UK Government Annuities Investment Fund (GAIF) released its 2025 Report & Accounts, a 30‑page, 332 KB PDF, formally laid before Parliament to satisfy a legislative reporting mandate. The document details the fund’s asset allocation, investment returns, and governance framework, confirming...
Fourteen months after DORA became enforceable, European financial institutions are still struggling to meet its requirements. Surveys show only about a third feel confident about full compliance by the Jan 2025 deadline, while half expect to finish by end‑2025 and many...
The UK Cyber Monitoring Centre (CMC) is preparing a US‑based operation to quantify the financial fallout of cyber incidents, targeting a 2027 launch after proving its model in Britain. In its first year, the CMC rated two 2025 attacks –...
San Juan Unified School District has saved roughly $636 million in interest by issuing general‑obligation bonds with an average maturity of 17.23 years, far shorter than the typical 30‑year term used by most districts. The shorter‑term structure lowered the repayment ratio from...
The energy‑storage market is reaching an inflection point as physical market revenues shrink, prompting operators to seek financial strategies beyond simple arbitrage. GridBeyond’s on‑demand webinar, hosted with Energy‑Storage.news, outlines how sophisticated hedging tools, structured derivatives, and revenue‑floor contracts can protect...
The International Financial Services Centres Authority (IFSCA) has issued 60 warnings to capital market intermediaries (CMIs) operating in GIFT City during FY26 for breaches such as unattended offices, missing key personnel, weak infrastructure, and use of remote‑access software for trading....
When a CFO asks: “Who should lead this initiative?” It’s rarely about perfect files or extra slides. FP&A progression starts earlier — when your insight shapes decisions, not just explains them.
