Know What's Happening in Finance
Know What's Happening in Finance
Flex to Acquire Electrical Power Products for $1.1B Cash
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1B in cash. The target contributes roughly $323M 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.
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In early 2023, Quebec‑based Oxio sold its ISP business to Cogeco for $100 million and rebranded as Gaiia, a software platform for challenger ISPs. The spin‑out entered a seed round of $13 million, but with less than $1 million in revenue and a finance team of one, it needed to stretch its runway. Gaiia tapped Canada’s SR&ED tax credit and Quebec’s CDAE program, using the Boast SaaS platform to automate claim documentation. The resulting credits funded engineering hires and positioned the company for a Series B raise.
Swift has introduced a new framework for retail cross‑border payments, with over 25 banks slated to process transactions under the rules by June. The initiative expands Swift’s traditional focus on interbank and commercial transfers to consumer‑level payments, targeting faster settlement,...
Okay. I've been seeing this make the rounds. It is just a large misunderstanding of the second graph, to the extent that it's drawing the wrong conclusions. The price of electricity from solar and wind in the US *has* flatlined...
In this episode Steve Bragg explains unclaimed property—assets like uncashed checks, dormant accounts, and gift‑card balances that remain on a company's books until state law forces a transfer. He outlines the fragmented state‑by‑state legal framework, the priority rules that determine...
The IRS’s 2026 Dirty Dozen list introduces a new entry targeting abusive undistributed long‑term capital gains claims filed on Form 2439. Scammers are inflating or fabricating these filings, often linking them to nonexistent or misrepresented investment funds and real‑estate trusts. The...
The IRS and Treasury have issued proposed regulations for the Trump‑account pilot program, which will deposit a one‑time $1,000 into accounts for children born between 2025 and 2028. The rules clarify the election process, eligibility criteria, and the new Form 4547...
AM Best upgraded the Long‑Term Issuer Credit Rating for First Chicago Insurance Company and United Security Insurance Company to “bb+” from “bb,” while affirming a B‑rated Financial Strength Rating. Both entities now carry a stable outlook for the Long‑Term ICR, replacing...
Senator Chris Van Hollen introduced a bill to eliminate federal income tax for individuals earning up to $46,000 and married couples earning up to $92,000, potentially covering nearly half of U.S. workers. The measure would raise the number of taxpayers...
The International Accounting Standards Board is finalising IFRS 20, a new standard titled “Regulatory Assets and Regulatory Liabilities.” It targets rate‑regulated entities in utilities, energy and transportation, requiring them to recognise assets and liabilities that arise from timing differences between service...
My partner @kieranwgoodwin has been so right about this space for over a year which has really sharpened my vision. Outflows beget outflows. Gating begets outflows. Selling some of the underlying portfolio to meet minimum redemptions creates losses and begets...
Schellman, a leading cybersecurity compliance provider, secured a strategic investment from Goldman Sachs Alternatives, while Lightyear Capital stays on as a minority holder. The partnership aims to fund Schellman's next growth phase, expanding capabilities in AI governance, federal compliance, and digital trust....
Washington is poised to enact a 9.9% income tax on earnings above $1 million, projected to generate about $4 billion annually. Governor Bob Ferguson announced he will sign the revised bill, which allocates 5% of proceeds to child‑care and early‑learning accounts and...
Compliance leaders must shift from reacting to employee training requests to proactively upskilling their entire team. The article stresses evaluating each member's development needs and directing budget toward targeted learning, such as conferences, podcasts, and mentorships. It highlights that interpersonal...
Brightline Trains Florida LLC saw S&P Global Ratings downgrade its $2.2 billion Opco debt and $1.19 billion East bonds to CCC‑minus, deepening its junk‑status. The downgrade follows a series of rating cuts by KBRA and Fitch, all warning of a possible default...
The Mumbai‑Ahmedabad high‑speed rail corridor’s budget has surged 83%, climbing to roughly Rs 2 trillion after land‑acquisition disputes inflated costs. Japan’s Official Development Assistance, which covered 81% of the original estimate, is unlikely to be extended, forcing India to tap its Consolidated...
The Boston Federal Reserve is championing FedNow, its real‑time payments platform, to draw more banks into instant‑payment services. A forthcoming Fed survey shows nine in ten consumers would increase bank usage if instant payments were offered, while 55% reported overdraft...
SageSure successfully issued the $175 million Gateway Re Series 2026‑2 catastrophe bond, meeting its target size while pricing Class A notes below initial guidance and Class B notes within range. The multi‑peril bond provides reinsurance for Auros Reciprocal and Interboro across storm, earthquake, wildfire, severe...
The author argues that the line between a genuine estimate and a fudge factor is itself a discretionary choice, making any model inherently subjective. Because this distinction is a decision, it can be influenced by hidden adjustments that leave no...
Nike disclosed roughly $300 million in pre‑tax restructuring charges for the nine months ending Feb. 28, driven largely by severance costs and the consolidation of U.S. distribution centers that eliminated nearly 800 jobs. The filing references "exit or disposal activities," fueling analyst...
Dutch state‑owned railway NS posted a modest €11 million profit from passenger transport in 2025, its first surplus since 2019. The gain stemmed from ticket price increases, a slight rise in ridership and ongoing cost‑saving measures, but the company’s debt grew...
Kate O’Neill’s new book *What Matters Next* offers a pragmatic framework for finance leaders navigating rapid tech adoption, balancing immediate liquidity pressures with long‑term strategic health. It quantifies the staggering $250 million annual loss that inefficient decision‑making can inflict on a...
BeatBread, the finance platform for independent musicians, announced three senior hires: Christine Barnum as head of financial operations, Michael Poole as chief financial officer, and Jameson Toole as a board advisor on AI and machine learning. Barnum arrives from CD...
In 2016 we broke ground on our first self storage development. I had just turned 27 and had personally guaranteed a $1.5 million loan to make this happen. We put in about $500k of our own cash (from a small business we...
If private credit sucks liquidity out of the market The hyperscalers max out their cash Then there isn't enough money in the world for the compute build out
Carolyn Gilchrist, appointed six months ago as Igneo’s global head of capital formation, has outlined a new vision for the firm’s investor relations. She proposes a unified IR function that will serve as a single point of contact for investors...
Despite the bear market in private credit, negative press, and poor performance of some BlackRock funds, the quarterly redemption requests for its non-traded BDC came in below the 5% cap. https://t.co/36ABXJ1FCK
$VIX Mock cheer for COR1M, up from the dead/all time lows during earnings season to last spring and last Nov levels https://t.co/Ykw6arRCk3
Earned‑wage access (EWA) is gaining traction as hourly workers demand daily pay to bridge cash‑flow gaps between biweekly checks. Executives often view the concept as risky, yet the reality of paycheck‑to‑paycheck living drives demand for instant wage disbursement. Recent growth...
The Futures Industry Association (FIA) issued a whitepaper outlining the transition to 24‑hour, 7‑day trading and clearing for exchange‑traded derivatives. It highlights the need for continuous clearing, robust risk management, and sufficient liquidity to prevent market instability. The paper presents...
Senegal announced the closure of 19 government agencies, eliminating roughly 1,000 public‑sector jobs. The move is projected to save at least 55 billion CFA francs over the next three years. The decision comes as the country's debt surged to 132% of...
Nigeria was removed from the Financial Action Task Force grey list in October 2025 after completing a 19‑point anti‑money‑laundering reform that brought it into compliance with 37 of the 40 FATF recommendations. The Central Bank of Nigeria’s new Fintech Policy...
Private equity fundraising slowed for a second straight year in 2025. Total capital commitments fell to the weakest level since 2020, marking a double‑digit year‑over‑year decline. The slowdown stems from a dearth of portfolio exits, which curbed distributions and left...
Alabama lawmakers are proposing a bill to revise the Simplified Sellers Use Tax (SSUT) allocation formula by updating municipal and county population figures every five years instead of relying on the decennial census. The SSUT, an 8% flat tax on...
California school‑district municipal bonds remain a solid risk‑adjusted investment despite mounting headwinds such as declining enrollment and exposure to child‑sex‑abuse lawsuits. Strong state backing via Proposition 98 and first‑lien tax claims underpin the sector’s credit quality, with most districts holding A‑rating...
Hurco Companies reported Q1 FY2026 results, posting a net loss of $3.47 million, or $0.54 per diluted share, an improvement over the $4.32 million loss a year earlier. Sales and service fees declined 8% to $42.9 million, while orders grew 5% to $42 million,...
Indian Institutes of Technology are emerging as powerful engines of deep‑tech entrepreneurship, with several alumni‑founded companies recently completing high‑profile IPOs. Sedemac Mechatronics, an IIT‑Bombay spin‑out, listed at a ₹6,000 crore valuation, while Ather Energy’s IPO gave IIT‑Madras incubators a 5 % stake...
Costco CEO Ron Vachris announced that any tariff refunds resulting from the Supreme Court's invalidation of Trump-era IEEPA duties will be passed to members via lower prices and better value. The court decision forced Customs to liquidate pending entries, creating...
Lee Choong Yan announced his resignation as President and Executive Director of Genting Malaysia, ending a tenure that oversaw the company's recent diversification and debt‑refinancing efforts. The board has not yet named a successor, prompting speculation about the strategic direction...
The year's most important IPO isn't for SpaceX or OpenAI. It would be for the parent company of Dunkin' (do I need SpaceX or OpenAI every day? nope. but my iced coffee is a nonnegotiable) https://t.co/6kXbsBReYh
Oof. Only IPO of the week falls way short of expectations. MiniMed priced at $20 per share, versus $25-$28 range.
In this inaugural Bloomberg Intelligence FIC podcast, municipal market veteran Tom Doe discusses the emerging role of prediction markets—platforms like Polymarket and CalSHE—in providing real‑time sentiment and risk data for municipal bonds. He explains how these markets could address shortcomings...
NEW: Kazakhstan’s central bank is set to invest up to $350M from its reserves into the crypto sector. The strategy targets crypto-linked equities and funds, not direct purchases of digital assets. The program could start in April or May. https://t.co/RlEGwWKYzs
At the FIX EMEA Trading Conference, industry leaders debated the impact of new transparency rules that require exchanges to disclose market‑data margins. The disclosures are prompting a restructuring of pricing models, which many smaller firms fear will raise operational costs....
Investment platforms are slashing fees as digital neobrokers gain market share, forcing incumbents to follow suit. Hargreaves Lansdown reduced its headline annual fee from 0.45% to 0.35% in March, while eToro and other app‑based brokers continue offering low‑cost structures. The...
Most FP&A teams don’t struggle with analytics. They struggle with data. 💡Finance leaders from PepsiCo, BILL, and Workday shared how they build strong data foundations and a single source of truth to enable AI and predictive decision-making: https://t.co/FnD9BnrjT6 #fpatrends
The Federal Reserve’s FedNow service now powers FEMA’s disaster‑relief payouts, moving funds from days or weeks to seconds. Transaction limits have been raised to $10 million, enabling large‑scale disbursements directly to states, municipalities and households. This capability is part of a...
Five years after its launch, Finance in Common (FiCS) now coordinates over 540 public development banks (PDBs) managing roughly $23 trillion, demonstrating that collective financing can support Sustainable Development Goals. The International Development Finance Club (IDFC) deepens this effort by aligning...
In this special episode, Intuit’s Executive Vice President and General Manager of Mid‑Market, Ashley Still, challenges the traditional belief that fast‑growing companies must abandon QuickBooks for a heavyweight ERP. She introduces Intuit Enterprise Suite, an ERP that retains QuickBooks‑like usability...
Sirona, the Gurugram‑based feminine hygiene brand, saw its FY25 revenue drop 23% to Rs 77 crore after a turbulent ownership transition. The company was bought back by its founders earlier this year for roughly Rs 150‑180 crore, far below the Rs 450 crore Good Glamm paid...
