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:
CFO Nicola Perin credits a solid administrative foundation for OVS’s growth, highlighted by the 2014 spin‑off of OVS‑Upim that paved the way for a public listing. He later led Italy’s first sustainability‑linked bond, raising €160 million at a 2.25% fixed rate and tying financing costs to ESG performance. Perin also emphasizes the shift from basic robotics to AI‑driven analytics, especially for predictive sales across OVS’s brand portfolio. These initiatives illustrate how finance, sustainability and technology converge to drive retail expansion.
The GP‑led credit secondary market is experiencing sustained growth as investors pursue more flexible deal structures and higher return potential. Industry leaders, such as Olga Kosters of Antares, emphasize that the ability to cherry‑pick assets and maintain strong GP‑investor alignment...
Liberty Co. Insurance Brokers announced the launch of Liberty Collateral Protection, a new collateral protection facility aimed at lenders and loan servicers with large, multi‑state portfolios. The offering blends lender‑placed insurance, real‑estate‑owned (REO) coverage, and collateral protection insurance with centralized...
S&P Global downgraded Service Properties Trust (SVC) to B‑ from B, citing $2 billion of debt maturing over the next two years. Roughly 40% of the REIT's capital structure faces imminent repayment, raising liquidity and covenant concerns. The company sold 112...
Papa John’s announced a sweeping cost‑savings program that includes closing 300 under‑performing restaurants—200 of them this year—and laying off 7% of its corporate workforce. The plan aims to generate at least $25 million in savings through 2027, with $13 million expected in...
Most of my clients are mid-market organizations, and they're all approaching AI the right way. And it has nothing to do with ChatGPT/Gemini/Claude. Here's what these organizations all have in common: 1 - Small teams. 2 - Tight budgets. 3 - Mature BI infrastructure. 4 -...
In order to have successful capital markets, you see the same things happen again and again. Since one man’s debts are another man’s assets, you have to keep interest rates not so high that they crush the debtor, without having them...
Fitch reported that private credit defaults surged in January, with 11 events—double the average monthly defaults recorded last year. Over the trailing twelve‑month period the sector logged 89 defaults, highlighting an accelerating distress trend. The uptick reflects tightening credit conditions...
Accounting firms are facing a surge in data‑exfiltration attacks, where cybercriminals silently steal sensitive financial records to extort victims or sell the data. Traditional detection tools often miss covert channels, encrypted uploads, and traffic mimicry, leaving firms vulnerable. The average...
Medtech M&A kicks off 2026 with several multibillion‑dollar deals. Boston Scientific announced a $14.5 billion acquisition of Penumbra, while Danaher disclosed a $9.9 billion purchase of Masimo. At the same time, major divestitures are underway, including BD’s planned $17.5 billion sale of its...
Telangana’s wage and pension outlay has ballooned to nearly Rs 6,000 crore a month, consuming about 45 percent of the state’s revenue. Senior engineers in power utilities now earn up to Rs 7 lakh per month, while senior municipal sweepers can draw close to Rs 2 lakh....
In this episode, Jared Gaiman, co‑founder of Boxed and current CEO of Spresso, recounts the rise of Boxed from a $187 M e‑commerce business to its Chapter 11 filing and subsequent pivot to a $5 M ARR SaaS model focused on enterprise software...
The Ministry of Justice (MOJ) has released a comprehensive set of accounting officer assessments for its programmes and projects within the Government Major Projects Portfolio (GMPP). The page lists more than 70 documents, ranging from prison construction and houseblock expansions...
The Internal Revenue Service unveiled a new, centralized web page (IRS.gov/SubmitATip) that lets taxpayers confidentially report tax fraud, scams, and evasion. By consolidating multiple reporting channels into a single "Report Fraud" button, the agency aims to simplify submissions and improve...
Onslow Bay Financial is preparing a $452.7 million asset‑backed securities offering backed by a pool of 1,952 home‑equity lines of credit. The ABS will be issued in eight tranches under the OBX 2026‑HE1 Trust, benchmarked to SOFR and maturing in February 2056. The...
UBS's worst-case default rate for private credit is 15%. Up from 13% a month ago. For context, the 2008 leveraged loan default rate peaked at 10.8%. UBS is now modeling a scenario worse than the financial crisis for private credit. And they...
How is Wall Street simultaneously afraid of too much AI and not enough AI? 👇
A Kansas City Federal Reserve Bank analysis shows debit card fraud loss rates rose between 2021 and 2023, driven primarily by card‑not‑present transactions. While online fraud increased, in‑person fraud declined on dual‑message networks but grew on single‑message networks. The report...
The U.S. Supreme Court’s recent decision limiting presidential tariff authority under the IEEPA has heightened uncertainty for exporters facing new duties. In this environment, the Interest‑Charge Domestic International Sales Corporation (IC‑DISC) offers a tax‑saving mechanism that converts export earnings into...
Fiserv announced three senior hires this month: Lia Cao as chief revenue officer for enterprise and platforms, Robert Clarkson as chief revenue officer for small‑business and Clover POS, and Adit Gadgil as global head of business development. All three are...
Grupo Dia posted a profit in 2025 after seven consecutive loss‑making years, reporting €5.8 billion in total turnover, a 3.5% increase. In Spain, sales rose 8% to €4.6 billion, driven by a 7.4% rise in comparable turnover and the opening of 94...
SHINE Technologies announced a $240 million equity raise led by NantWorks, bringing its total funding above $1 billion. The round adds Dr. Patrick Soon‑Shiong to the board, linking the fusion firm with a serial biotech entrepreneur. SHINE will use the capital to...
Centrifuge and Resolv are deploying up to $100 million of JAAA, a tokenized AAA‑rated credit fund, as leveraged collateral on Aave Horizon, creating the largest real‑world asset loop in DeFi to date. Resolv will lock JAAA to generate yield for its...
Boomer Consulting warns that the accounting profession faces a widening transformation gap between firms that evolve and those that remain static. Leadership must address talent alignment, business‑model redesign, and technology as a unified front to stay relevant. Automation is removing...
South African Express, the state‑owned carrier, is set to complete its liquidation by April 2026, six years after entering provisional liquidation. The liquidators have recovered movable assets, tax refunds and interest, leaving a free residue of roughly ZAR 3.7 million for distribution....
The most significant legislation for freight since deregulation has been introduced in the Senate and could set off a trucking rate super cycle. This would create conditions that would bring back living wages to truck drivers, provide massive incentives to...
Will anyone dislodge Stripe as the payments king? This chart is about the same as last year. Stripe lost a few points, but the same number of Do Not Accept / N/A remains the same. PayPal remained the same. Survey...
In this episode, Luke Flemmer, head of private assets at MSCI, explains how standardizing and normalizing data can unlock transparency, price formation, and liquidity in private markets, drawing parallels to past evolutions in bonds, FX, and equities. He argues that...
.@theInformation Exclusive: @Amazon’s potential $50B investment in @OpenAI may hinge on two triggers: an IPO or reaching AGI.
It will be a quick turn from today's 7y auction to month end tomorrow. Reminder Feb duration extension will be larger Friday as it always is in a refunding month.
AICPA ENGAGE 2026 will feature a high‑profile keynote conversation between actor‑entrepreneur Ryan Reynolds and former Costco CFO Richard Galanti. The event, marking ENGAGE’s 10th anniversary, runs June 8–11 at the Aria Resort & Casino in Las Vegas under the theme “the next wave.” Their dialogue...
March 9 will be the 250th anniversary of the publication of The Wealth of Nations. How would Adam Smith judge our economy today? We discuss it with @Jesse_Norman, author of Adam Smith, Father of Economics, and British MP. https://t.co/Y5fN0vHIkk
$VITL shares down >60% from the August 2025 highs EV down to ~$800 million, it trades at ~10x EV / EBIT
BlackRock has appointed Citi Investor Services to handle select middle‑office functions for roughly $4 trillion of U.S.-domiciled iShares ETFs on its Aladdin platform. The expanded role builds on a 2021 custodial mandate and aims to streamline the ETF order lifecycle, offering...
Air New Zealand announced a comprehensive strategy review aimed at restoring profitability after posting a $40 million net loss for the first half of FY26. The carrier is grappling with recurring engine reliability problems that have grounded aircraft, while domestic demand...
LLM-driven AI tools are much better with words than with math... at what point is the time to back-check the output calculations more time-consuming than just using established software providers for key investment research and financial planning functions? "Mass market AI...
ACI Worldwide reported fourth‑quarter revenue of $253.2 million, a 13% year‑over‑year increase, pushing full‑year 2025 revenue just above $1 billion. NCR Voyix posted a 6% Q4 revenue rise to $720 million but saw full‑year revenue dip 4.6%, while turning a $201 million loss into...
EnCap Flatrock Midstream is exploring a sale of its gas‑pipeline subsidiary Momentum Midstream for a price exceeding $5 billion. The private‑equity firm has engaged advisers and is gauging interest from rivals and other buy‑out funds. Momentum operates roughly 4,000 miles of...
State legislators are passing flexible CPA licensure bills, beginning with California Assembly Bill 1175 and New York Assembly Bill 7613, to accelerate the accounting talent pipeline. By 2026, Arizona, Florida, Maine, Maryland, Mississippi, Missouri and South Dakota are poised to follow suit, creating a...
The Federal District government has introduced a bill to inject up to BRL 6 billion into BRB Banco de Brasília following the Master Bank fraud, allowing borrowing from the Credit Guarantee Fund or other lenders. The proposal also reduces the number of...
$CRM Look at the headwinds of stock based compensation, merger & acquisition costs. Then look at margin projections and scale problems. @dougkass @SeabreezeLP @jimcramer @SquawkCNBC @andrewrsorkin @BeckyQuick @gnoble79 @KeithMcCullough @HedgeyeDJ @tomkeene @lisaabramowicz1 @business @CNBCFastMoney @HalftimeReport @carlquintanilla @ScottWapnerCNBC @SaraEisen @SullyCNBC...
"We’re not going to be doing deals that don’t make financial sense for us" -- WBD CFO Gunnar Wiedenfels on sports rights deals. Question: Do any sports deals make financial sense?
Leeds‑based fintech Debeo has launched what it calls the UK’s first purpose‑built online platform to help small and medium‑sized enterprises (SMEs) understand and manage their debt. The service aggregates loans, overdrafts and asset‑finance agreements into a single, real‑time view, enabling...
Nasdaq is contorting its own index rules to court the IPOs of SpaceX et al, and @thekrazykobra brings the 🔥 https://t.co/ExpsatLZ6h https://t.co/VjWaHmMJYd
$NTLA looks like they ran the ATM for nearly 6M new shares since last quarterly earnings? As I expected. Absolute cash furnace. Their runway guidance was always mathematically implausible without raising like this.
Russian Finance Minister Anton Siluanov announced a sweeping fiscal overhaul, lowering the oil‑price budget rule threshold by $1 each year for five years to shift revenue reliance from oil and gas to domestic consumption. The move follows a sharp drop...
We are going to see previously unheard of liquidity in fintech VC following the @Revolut IPO. "The firm is targeting a valuation of at least $150 billion through any listing." https://t.co/mos6kPJDYO
Intuit has teamed with Affirm to embed a Buy‑Now‑Pay‑Later (BNPL) option directly into QuickBooks invoices, letting small‑business owners split customer payments while receiving the full amount upfront. The move turns QuickBooks from a bookkeeping tool into an actionable financial operating...
