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.
Also developing:
Paul Smith reported a pre‑tax loss of £16.7 m for the year to 30 June 2025, widening from a £5.4 m loss the previous year. Turnover fell 8% to £181 m as wholesale revenue slumped 16%, while ecommerce sales rose 14%. Gross profit declined 7% to £97 m. The company is restructuring its cost base, cutting discounts and focusing on digital and retail channels to restore profitability.
Omnichannel streetwear label Bonkers Corner announced a Rs 95 crore ($10.5 million) Series A round, led by India SME Investment Fund and joined by Radhakrishna Ramnarain, Namita Thapar and over 20 angels. The funding values the company at roughly Rs 430 crore ($48 million) post‑money. For FY 2025 the...
The National Audit Office warns that the UK Government’s Shared Services Strategy is unlikely to meet its £1 billion savings target due to governance flaws, funding uncertainty, and IT integration problems. The programme, intended to standardise finance, payroll and HR across...
Chris Skinner’s webinar frames finance’s evolution as three technology revolutions: mainframe‑driven automation (Finance 1.0), digital transformation driven by cloud, APIs and platforms (Finance 2.0), and today’s shift to intelligent ecosystems powered by AI, generative models, and emerging quantum and blockchain capabilities. He...
MiniMed priced its IPO at $20 per share, a 20% discount to the low end of its $25 range, raising $560 million and valuing the company at $5.62 billion. The stock opened below the IPO price and closed its first NASDAQ session...
Lyn Alden, a macroeconomist, predicts Bitcoin will outperform gold through 2029, despite gold’s recent all‑time high and euphoric sentiment. She characterizes gold’s rally as not a bubble and notes Bitcoin’s price is down 44% from its October peak, facing extreme...
Major Business News to Track Today, March 6, 2026: 1. MACC seeks asset freeze on Tun Daim Zainuddin's family 2. Gamuda to release Q2 earnings report 3. MIDA to announce 2025 investment performance 4. AirAsia X faces margin threats amid fuel hike ↓↓↓
Seraphin Space Investment Trust reported record H2 2025 results, with net asset value climbing 20% to £337.5 million and fair‑value multiples exceeding 200% of cost for the first time. The top ten holdings delivered 79% revenue growth year‑over‑year, while more than 85%...
ScotRail has launched a procurement process to identify a financier and owner for a new fleet of electric and battery‑electric multiple‑units slated for delivery in 2031. The tender requires submissions by April 10, with invitations to bid expected on July 17, and...
Norman Marks argues that audit reports must be more than accurate; they need to be fair and balanced to preserve credibility with management and boards. He recounts an IT audit at a large financial institution where the report highlighted security...
Terminal values are themselves short-hands for DCFs. This is because a terminal value is essentially a multiple. And a multiple is a short-cut for a DCF. More in the memo below 👇
Visa has appointed senior vice president Leonardo J. Collado as general manager of Pismo, effective April 1. Collado, who oversees value‑added services for Latin America and the Caribbean, brings 25 years of payments experience to the role. The move follows...
March 2020. COVID panic. Markets collapsed overnight. Two clients. Same portfolio. Same allocation. Same advisor. What they did next created a gap worth hundreds of thousands of dollars. It will probably never close.
Update on the Fed’s Balance Sheet and its Reserve Management Purchases. Adding T-bills, shedding MBS, Treasury note & bond balances on ice, SRF unused https://t.co/M947SfSoUP https://t.co/c3uHc5VmGA
Mammoth Energy Services reported $16.4 million revenue in Q2 2025 but posted a $35.7 million GAAP net loss, driven largely by a $31.7 million non‑cash impairment on its Northern White Sand mine. The quarter featured three major portfolio moves: a $108.7 million sale of infrastructure...
Total PITI costs surged for housing and in a QM lending environment that was set to crush sales. I had a price model limit for 2020-2024: if we didn't surpass 23% during those five years, we would be okay; we...
Fannie Mae: Get use to these mortgage rates Fannie Mae's forecast for the average 30-year fixed mortgage rate: Q3 2026 --> 6.0% Q4 2026 --> 6.0% Q1 2027 --> 6.0% Q2 2027 --> 6.0% Q3 2027 --> 6.0% Q4 2027 --> 6.0%
Patient financial experience has shifted from a back‑office billing function to a strategic, end‑to‑end service that directly impacts revenue integrity and brand trust. Research shows that transparent cost estimates and digital, omni‑channel payment options improve patient engagement, reduce disputes, and...
My biggest takeaway right now regarding mortgage rates is to expect heightened volatility. They will likely bounce around a lot more than normal thanks to the ongoing conflict in the Middle East. The good news is 30-year fixed rates remain near ~3-year...
Each week we run a DCF model on Boeing, arriving at an intrinsic share price of roughly $85, far below the current market level near $230. The analysis uses a 10% discount rate, 2.5% terminal growth, and forecasts free cash...
Investors are reassessing risk in the $2 trillion private‑credit market as AI‑related corporate loans face heightened scrutiny, while debt secured by real‑estate assets remains comparatively stable. BridgeInvest and other lenders emphasize the tangible collateral of data‑center and multifamily loans, which cushions...
COSO released "Achieving Effective Internal Control Over Generative AI (GenAI)", a guidance that aligns its Internal Control‑Integrated Framework with the unique risks of generative AI. The publication translates the five COSO components into concrete controls for eight GenAI capability types...
Agency mortgage market showed tepid activity in February, with rate‑refinance volumes remaining sluggish. GSE credit‑risk‑transfer (CRT) issuance fell to its lowest level since 2013, while overall loan originations modestly increased across most product lines. Delinquency rates at large servicers rose...
Glen Herrick, a senior advisor and former CFO, resigned from MVB Financial’s board after just 14 months, publicly criticizing the bank’s executive‑compensation structure and lack of focus on recurring earnings. His departure is one of only four outspoken director resignations...
Prime Meridian, a Palo Alto startup, unveiled a free AI‑native tax filing platform on Thursday. The service guides users from document upload to filing, supporting both simple and complex returns such as K‑1s, investment income, and multistate wages. Backed by...
Apollo Global Management has opened fundraising for its 11th flagship private‑equity vehicle, aiming to secure capital after the previous fund fell short of its target. The firm is emphasizing its superior Distributions to Paid‑In (DPI) ratio to persuade limited partners...
A ‘Bloomberg Terminal’ for espionage? In this episode of DEX in the City, hosts @TuongvyLe12, @kkirkbos & Jessi Brooks discuss: ⚠️ Whether prediction markets are becoming a national security concern 👀 Whether alleged programmatic Bitcoin sales by Jane Street qualify as market manipulation ❕️...
Cumulus Media, the third‑largest U.S. radio broadcaster, filed a voluntary Chapter 11 reorganization in Houston on March 5, 2026. Judge Alfredo Perez has been assigned to oversee the case, which the company labels as "complex" due to multiple subsidiary filings. Co‑counsel from...
On March 5, 2026 the FDIC, Federal Reserve Board and OCC released a joint FAQ clarifying the capital treatment of tokenized securities. The agencies state that eligible tokenized securities should generally receive the same capital treatment as their non‑tokenized counterparts, emphasizing that...
Small businesses should outsource payroll the moment they hire their first employee or contractor because manual processes quickly become error‑prone and legally risky. The article outlines seven common payroll mistakes—misclassification, missed state registrations, S‑corp salary errors, late tax deposits, incorrect...
Glencore has offered an $800 million pre‑payment to finance Kazakh entrepreneur Shakhmurat Mutalip’s $1.4 billion bid for a 40% stake in Eurasian Resources Group (ERG). The funding would be secured against future ferrochrome deliveries, helping Mutalip outpace a rival offer from ERG...
Nexstar Media Group announced a cash tender offer to repurchase its 5% senior notes due 2029, a move directly tied to the pending acquisition of TEGNA. The offer, managed by BofA Securities, J.P. Morgan, and Goldman Sachs, will remain open...
Loomis Sayles introduced its Core Plus Full Discretion strategy as a response to the 2022 yield reset that ended a long low‑rate era. The approach diverges from traditional domestic core fixed‑income by employing active, discretionary management to capture income and total‑return opportunities....
Summ’s analysis of 30,000 U.S. crypto traders finds the new IRS Form 1099‑DA routinely omits purchase‑price data when assets move between non‑reporting and reporting platforms. The omission inflates reported capital gains by an average of $14,500 per investor, creating $435 million in...
The column revives its Top 3 SPAC Targets list, spotlighting Costa Group, Amber Wave and Better Beef as prime agricultural merger candidates. It ties renewed SPAC activity to shifting trade policies, notably the Supreme Court’s removal of Trump‑era tariffs, and...
Prediction‑market trading is booming, with 2025 activity surpassing $44 billion and state officials racing to regulate the sector. The CFTC, under Michael Selig, argues federal jurisdiction, while dozens of states file lawsuits claiming gambling violations. Florida’s bond finance chief Ben Watkins...
The IRS and Treasury have issued proposed regulations allowing cryptocurrency brokers to deliver the new Form 1099‑DA electronically starting Jan. 1, 2027. Brokers would need customer consent and must meet enhanced electronic notice and access requirements, but they would no longer have to...
The post outlines how AI is reshaping finance and accounting in India, highlighting tools like ChatGPT, Claude, Notion AI, Dext, Microsoft Copilot, and Indian platforms ClearTax and TaxBuddy. It notes the massive market of ~1.4 crore GST filers and ~8.5 lakh chartered...
Macro: credit litigation; GLAS sues Annington for £1.56bn over 2032–2051 bonds. Key: issuer rejects acceleration. Risk: repayment shock, guarantor strain. Trading insight: avoid Annington bonds. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Pim van Mourik Broekman outlines the Euro credit market’s current landscape, highlighting overweight financials and utilities versus underweight industrials. He warns that geopolitical tensions and divergent central‑bank policies—particularly the ECB’s dovish stance against the Fed’s tightening—could steepen the yield curve. Valuations...
Universal Music Group posted Q4 2025 revenue of €3.605 billion ($4.19 billion), a 10.6% year‑over‑year increase at constant currency. Recorded‑music revenue climbed 13.9% to €2.769 billion, led by a 7.7% rise in subscription streaming and a 21.3% jump in physical sales driven by vinyl....
In her 2026 Global Risk Lecture, ECB President Christine Lagarde warned that the world is shifting from a measurable‑risk environment to genuine uncertainty driven by rapid AI adoption and escalating geopolitical fragmentation. She cited estimates that AI could add up...
In 1973, US debt/GDP was 32%, deficit/GDP was 1%, & NIIP/GDP was +10%. There was no level of inflation & rates that could push the US into a debt spiral. Today those #’s are 122%, 6%, & -90%, & 4.8% 10y...
One of reasons banks are freaking out about stablecoins, even though stablecoins don't pay yield, is bc there is more demand for USD outside the US than there is inside the US. And that means billions (no...trillions) of profits going...
CPA executives showed a notable lift in optimism about the U.S. economy in Q1 2026, with 39% expressing a positive outlook—up from 28% a quarter earlier. Confidence in their own firms also rose, reaching 47% versus 41% in Q4 2025, and 55%...
UST funding pressure starting to ramp up as swap spreads narrow 3-4 bps across the curve. 30y tenor now less than -78 bps https://t.co/yWt8DEzUEr
Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch “In September @Oracle disclosed in a filing it was planning its largest-ever restructuring, which will cost as much as $1.6B in the current fiscal year ending May, incl severance...
Christine Hunsicker, founder of fashion‑rental tech firm CaaStle, pleaded guilty to securities fraud for inflating the company’s revenue and cash position. Over six years she misrepresented financials, showing a $24 million operating profit that was actually under $30,000 and a $50 million...
“The firms are using repo-like loans from one particular investment bank to mask debt, the letter says.” https://t.co/YLQH5cPi6f
Still thinking about @AlexH_Johnson & my pod convo about @CashApp's plan to sell its internal credit scores to third parties That the company seems to be able to manage *credit risk* reasonably effectively makes its financial crime control failures look even...
