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
Hamilton ETFs Launches Two New YIELD MAXIMIZER™ ETFs
Hamilton Capital Partners announced the launch of two Yield Maximizer™ ETFs—CMAX, a Canadian equity fund, and IMAX, an international equity fund—both designed to deliver monthly income through covered‑call strategies. The initial unit offerings have closed and the funds will begin trading on the Toronto Stock Exchange on May 11, 2026. Hamilton ETFs, which oversees roughly $15 billion CAD (about $11 billion USD) in assets, is expanding its income‑focused product suite. The new ETFs aim to attract investors seeking steady cash flow while staying fully invested in diversified equity markets.
Innoviva, Inc. (INVA) Draws Bullish View From Cantor on Recurring Royalty Strength
Cantor Fitzgerald reaffirmed an Overweight rating on Innoviva (INVA) with a $32 price target, citing the strength of its recurring royalty stream that generated roughly $250 million in 2025. The specialty therapeutics segment contributed $175 million in trailing‑12‑month revenue, underscoring growth beyond...
High‑Yield Spreads Hit Pre‑Iran Conflict Lows Globally
DB: US high-yield spreads are now tighter than levels prior to the Iran conflict... in Europe too @augurinfinity https://t.co/Yu7IqKp2Aw https://t.co/s9fwrJSPan
Premier Health Announces Termination of Forbearance Agreements With Principal Lenders and the Continuance of Its Strategic Review Process
Premier Health of America announced that its forbearance agreement with principal lenders was terminated on April 10, 2026 after the company fell out of compliance with key financial ratios. The termination reopens negotiations with lenders to resolve the default. Simultaneously,...
Nyobolt Closes Series C Round at $1B Valuation
Nyobolt announced a $60 million Series C round that lifts its valuation to $1 billion. The round was led by Symbotic, with participation from IQ Capital, Latitude, Scania Invest and CBMM. Funds will accelerate Nyobolt’s ultra‑fast charging technology for autonomous robots, AI‑intensive data...
Stardust Power (SDST) Secures a $150 Million Framework for Its Oklahoma Lithium Refinery
Stardust Power Inc. signed a non‑binding LOI with an institutional investor to provide up to $150 million of project‑level financing for its planned lithium refinery in Muskogee, Oklahoma. The flexible structure can be deployed as equity, debt or hybrid instruments and...
Doug French, Telus CFO, Retiring From Position Next Month
Telus announced that Chief Financial Officer Doug French will retire next month, ending a decade-long tenure overseeing the company's financial strategy. The board will launch a search for a successor while French assists in a transitional handover. His departure comes...
Joseph Fingerman, Signature Bank's Former CRE Head, Is Growing A New Lending Force
Joseph Fingerman, former head of Signature Bank’s commercial‑real‑estate (CRE) unit, joined Peapack Private in March 2025 to spearhead its aggressive CRE expansion. Within his first year he is on track to originate $750 million in loans, driving the bank’s quarterly CRE...
Morningstar DBRS Confirms Coast Capital Savings Federal Credit Union's Long-Term Issuer Rating at BBB (High), Stable Trend
Morningstar DBRS confirmed Coast Capital Savings Federal Credit Union’s long‑term issuer rating at BBB (high) with a Stable trend, alongside an R‑1 short‑term rating. The rating reflects the credit union’s expanded footprint after merging with Prospera and Sunshine Coast Credit...
Loandepot Files $250 Million Shelf Registration
Loandepot filed a $250 million shelf registration with the SEC, giving it the option to raise capital through equity, debt or hybrid securities. The move follows a larger‑than‑expected first‑quarter loss and a 17.7% drop in cash to $277.4 million. The company carries...
Trillium M Project Co General Partnership: Credit Rating Report
On April 27, 2026 DBRS Limited (Morningstar DBRS) affirmed an A (low) issuer rating with a stable outlook for Trillium M Project Co General Partnership. The rating also covers its $340.1 million Series A bonds and $1,150.7 million Series B bonds, which finance the...
Why Are Hedge Fund Managers Always Bearish?
Hedge‑fund legends such as Ray Dalio and Paul Tudor Jones routinely issue bearish market calls, warning of overvaluation and potential crises. Their forecasts stem from a trader‑centric mindset that emphasizes risk control and short‑term alpha rather than long‑term buy‑and‑hold investing. Despite...
Trump Media & Technology Group Reports First Quarter 2026 Results
Trump Media & Technology Group (TMTG) posted Q1 2026 results showing total assets of $2.2 billion and financial assets of $2.1 billion, nearly three times the prior year’s level. The company recorded a fourth consecutive quarter of positive operating cash flow, generating $17.9 million,...
Morningstar DBRS Discontinues and Withdraws Rating on San Bernardino County Transportation Authority I-10 Express Lanes Project
Morningstar DBRS withdrew its credit rating on the $225 million 2021 TIFIA loan financing the San Bernardino County Transportation Authority I‑10 Express Lanes Project, acting at the issuer’s request. The loan, maturing on December 31, 2057, was rated under DBRS’s public‑private partnership and TIFIA‑specific...
Wealth Advisors Turn to AI as Regulators Draft New Rules Ahead of ET Alpha Summit
Wealth‑management firms are accelerating AI adoption, but upcoming regulatory frameworks could shape how tools are deployed. The ET Alpha Wealth Summit in Mumbai on June 4 will bring together market veterans to debate AI’s impact, while UK regulator consultations signal...
Carlyle and Diversified Energy Seal $1.2 B Anadarko Basin Asset Deal
Carlyle’s Global Credit platform and Diversified Energy have agreed to jointly acquire a 101,000‑acre Anadarko Basin portfolio for roughly $1.2 bn. The deal, structured through a new SPV and asset‑backed securitisation, will boost Diversified’s Oklahoma footprint to over 450 sites and...
Berkshire Hathaway’s $397 B Cash Hoard and New CEO Ignite Buy‑or‑Hold Debate
Berkshire Hathaway closed the first quarter with a record $397 billion cash reserve, modest $234 million share repurchases and a new CEO, Greg Abel, sparking a fresh debate among investors about whether to buy or hold the conglomerate’s shares amid a high price‑to‑book...
ORO Labs Secures $100 Million to Accelerate AI‑Driven Procurement Platform
ORO Labs announced a $100 million financing round led by Brighton Park Capital and Goldman Sachs Alternatives. The capital will fund global expansion of its AI‑orchestrated procurement platform, already used by Coca‑Cola, Siemens Energy and other Fortune 500 firms. New board members...
Munis Steady, USTs Largely Ignore Jobs Report
Municipal bond yields held steady across maturities on Friday despite a stronger‑than‑expected 115,000 nonfarm payroll increase in April. Treasury yields edged lower, falling up to three basis points, as investors remained more focused on geopolitical developments in the Middle East...
Genpact and Google Cloud Expand Alliance to Deploy AI Agents for CFO Offices
Genpact and Google Cloud announced an expanded alliance to build and scale agentic AI solutions for the Office of the CFO. The partnership introduces the Genpact Finance One – Revenue Lens Agents on Google Cloud’s Agent Marketplace, aiming to move...
Iren’s Options Premium Hits $173 M as Traders Bet on AI‑Driven Volatility
Iren, an $18 B AI‑focused data‑center operator, recorded $173 M of options premium on Thursday, with 73% in calls. A $36 M long strangle—12,500 65‑strike calls and equal puts—dominates the day’s activity, highlighting traders’ appetite for a big move before earnings.
Flashfood Hires CFO Rob Levy and CRO Steve Towarnicki to Accelerate Retail Expansion
Flashfood announced the appointment of Rob Levy as chief financial officer and Steve Towarnicki as chief revenue officer. The hires come as the surplus‑grocery marketplace scales its retail footprint to more than 2,000 North American stores, aiming to increase its...
Intuit Adds AI‑Powered Workforce and 401(k) Tools to QuickBooks
Intuit announced that its flagship QuickBooks platform will now include AI‑driven workforce management and a built‑in 401(k) retirement solution. The move broadens QuickBooks from pure accounting software into a more complete HRTech suite for small and midsize businesses, though pricing...
Invesco’s ETF AUM Drops $3.1 B as Outflows Accelerate
Invesco’s ETF family shed $3.1 billion in assets on May 6, 2026, as net outflows of $3.09 billion pushed brand AUM to $896 billion. The decline underscores heightened investor sensitivity to recent market swings and raises questions about the resilience of mid‑size ETF providers.
NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2026
NI Holdings reported Q1 2026 results showing a 15% drop in gross premiums to $57.5 million, driven by the exit from non‑standard auto lines. The combined ratio improved to 79.7% from 94.4% a year earlier, reflecting stronger underwriting in Home, Farm...
Norway’s Central Bank Raises Rate to 4.25%, Triggering Euro‑Stock Volatility
Norges Bank unexpectedly lifted Norway’s benchmark policy rate by 25 basis points to 4.25% on Thursday, citing inflation pressure from the Middle‑East conflict. The surprise move sent Norwegian bond yields higher and nudged equity valuations lower across the Nordics, with...
Sacramento City Unified to Lay Off 600 Staff Amid $170M Deficit
Sacramento City Unified School District announced a plan to eliminate 600 classified and certificated positions, saving $23.7 million, as the district confronts a nine‑digit structural deficit and the threat of state receivership. The move, coupled with a proposed $170 million budget shortfall,...
CCP Games Rebrands as Fenris Creations After $120 Million Management Buyout
Icelandic studio CCP Games has been sold back to its founders for $120 million, prompting a rebrand to Fenris Creations. The deal restores independent board control and coincides with a minority stake and research pact with Google DeepMind, positioning the studio...
Cloudflare Q1 2026 Earnings Call Shows Revenue Surge and Margin Expansion
Cloudflare’s Q1 2026 earnings call highlighted a revenue surge driven by a 73% year‑over‑year rise in $1 million‑plus deals, record free cash flow of $84.1 million, and a wave of new large customers. The company also announced two multi‑year contracts worth $10 million...
Disney Q2 2026 Beats Forecast as Streaming Profit Soars 88% Amid Parks Slowdown
Disney reported fiscal Q2 2026 revenue of $25.2 billion and diluted EPS of $1.57, beating analysts’ expectations. Streaming operating income surged 88% to $582 million, while domestic park attendance fell 1%, prompting a cautious outlook for the experiences segment. The board also...
Dollar Hits Two‑Week High as Middle East Tensions Boost Safe‑Haven Demand, Treasury Yields Rise
The U.S. dollar rose to its highest level in two weeks on Thursday, while benchmark Treasury yields climbed amid heightened Middle East risk. Investors are seeking safety as the United States and Iran edge toward a limited cease‑fire, but lingering...
India's 10‑Year Bond Slides 0.9% in Worst Monthly Drop Amid Auction Rout and War Jitters
India's benchmark 10‑year government bond posted its biggest monthly loss this year, slipping 0.92% as a tepid auction and escalating US‑Iran conflict rattled investors. The government raised 340 billion rupees ($3.6 billion) in the new issue, but yields jumped to 6.98%, underscoring...
MegaETH Kicks Off MEGA Buybacks
On May 7, the MegaETH Foundation executed its inaugural MEGA token buyback, using all net rewards generated by the USDm stablecoin issuer through April. USDm’s circulating supply has surged to $480 million, up from about $63 million at the token generation event, reflecting...
QuantWare Secures $178 Million Series B to Build 10,000‑Qubit Processors
Netherlands‑based QuantWare closed a $178 million Series B round, led by Intel Capital with participation from In‑Q‑Tel, to mass‑produce its VIO‑40K 10,000‑qubit processor and construct the KiloFab quantum chip fab. The funding marks the largest private investment in a quantum‑processor company and...
Entera Announces First Quarter 2026 Financial Results and Updates Across Its Oral Peptide Programs
Entera Bio reported Q1 2026 results, highlighting a streamlined Phase 3 protocol for its lead osteoporosis candidate EB613 and a completed Phase 1 bridging study that positions a single‑tablet formulation for the upcoming trial. The company also advanced its partnership with OPKO, securing...
Morningstar DBRS Confirms Republic of Poland at "A", Negative Trend
Morningstar DBRS confirmed Poland’s long‑term sovereign rating at A with a Negative outlook, while short‑term ratings remain R‑1 (low) and stable. The agency highlighted a widening fiscal deficit of about 6.7% of GDP and a public‑debt trajectory that could climb...
Doman Building Materials Group Ltd. Reports First Quarter 2026 Financial Results
Doman Building Materials Group Ltd. posted first‑quarter 2026 revenue of CAD 762 million (≈US $564 M), a 4% decline from the prior year, as lower pricing hit core construction‑material categories. Gross margin improved to 17.0% versus 16.7% a year earlier, while EBITDA slipped to...
Fed Sees Private Credit Redemptions as ‘Manageable’ Risks
The Federal Reserve’s latest financial‑stability report says that redemption requests from private‑credit funds remain “limited and manageable,” despite modest outflows exceeding inflows in the first quarter of 2026. The central bank highlighted that several large private‑credit managers have temporarily blocked...
Cash, Debt, Budget and Disclosure in Uncertain Times
Unpredictable federal actions in 2025‑2026—shutdowns, grant terminations and funding freezes—have left municipalities scrambling to align cash inflows with budgeted expenditures. Public‑finance professionals are urged to adopt real‑time treasury solutions that track actual bank activity, forecast variances, and enable rapid response...
Accelerate Your Analysis with Expert-Built Worksheets in WSL
Bloomberg’s latest Pro Tips episode demonstrates how the Windows Subsystem for Linux (WSL) tool lets analysts build worksheets directly in the Bloomberg Terminal. By leveraging a library of hundreds of customizable templates, users can create, edit, and run financial models...
Berkshire’s Incoming CFO to Reap $8M Salary in Post-Buffet Era
Berkshire Hathaway announced that its incoming chief financial officer, Charles Chang, will earn an $8 million cash salary starting June 1, nearly double the $4.3 million paid to former CFO Marc Hamburg. The filing also grants Hamburg up to 30 NetJets flight hours...
Apollo, Blackstone Eye $35B
Apollo and Blackstone are among private credit lenders talking to Broadcom on ~$35 billion in financing for that company's AI chip business. Scoop by @silasfelixbrown and @lauralevfinance https://t.co/FB9UTY7pBg
How to Avoid Falling Victim to Cascading Risks
Risk management is shifting from siloed, single‑event approaches to a portfolio view that accounts for cascading, nonlinear impacts. Experts at the Riskworld conference warned that product liability, regulatory penalties, or a single facility outage can trigger multiple insurance lines and...
AlphaSense CFO Dedicates at Least 10 Hours per Week to AI Skills
Samantha Greenberg, newly appointed CFO of AlphaSense, has pledged to spend at least 10 hours each week learning and applying artificial‑intelligence techniques. She describes a hands‑on approach that includes workshops, research and building with AI to run an AI‑native finance...
STK-Parent One Group Says Cost-Cutting Efforts Are Paying Off
One Group, the parent of upscale‑dining brands STK, Benihana and Kona Grill, has intensified cost‑cutting measures that are now bearing fruit. In Q1, restaurant‑level operating margins rose 100 basis points year‑over‑year to 19%, with STK’s margin jumping 280 basis points...
Bowie State University Plans to Cut Nearly 80 Jobs
Historically Black Bowie State University in Maryland announced plans to eliminate 79 jobs as it confronts an $18 million budget shortfall for fiscal 2027. The deficit stems from declining enrollment, rising operating costs and a roughly 1 % cut in state funding,...
EP261: Maximizing Your Business Exit: 6 Key Buyer Checks
Episode 261 of the High Voltage Business Builders Podcast reveals why Amazon sellers receive vastly different exit offers despite similar revenues. Host Neil Twa contrasts a seller who secured a $1.8 million, 4.5× EBITDA deal with another who only earned a...
Analyst Report: Stanley Black & Decker Inc
Stanley Black & Decker reported $15.1 billion in revenue for 2025, with roughly 87% coming from its Tools & Outdoor segment. The company used proceeds from the recent sale of its aerospace business to retire a portion of its debt, improving...
ADAMA Reports 2.9x Increase in Reported Net Profit and Four Percent Sales Growth in Q1 2026
ADAMA Ltd posted first‑quarter 2026 results showing sales of $1.037 billion, up 4% year‑over‑year, and an adjusted gross profit of $318 million, a 5% increase with margin edging to 30.6%. Reported net profit surged 2.9‑times to $82 million, while adjusted net profit rose...
SEC Chair Atkins Signals New Rules for Onchain Markets, AI-Driven Finance
SEC Chair Paul Atkins announced that the agency is weighing formal rulemaking to address on‑chain trading platforms, crypto vaults and blockchain settlement infrastructure, reflecting the rise of AI‑driven finance. He argued that current securities laws do not neatly fit multi‑function...