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:
Panoro Energy ASA announced a series of fixed‑income investor meetings, appointing Arctic Securities and DNB Carnegie as joint bookrunners and SB1 Markets as co‑manager. The company is considering a $150 million tap issuance of its senior secured bond, pending market conditions and pre‑approval for covenant amendments. Proceeds are earmarked to fund a 40.375% increase in its stake in Block G, Equatorial Guinea, through the acquisition of Kosmos International Petroleum. The move follows a broader strategy to expand Panoro’s African production portfolio.
Panoro Energy ASA announced a private placement of up to NOK 467 million (approximately USD 49 million) to help fund the acquisition of Kosmos International Petroleum’s 40.375% non‑operated interest in Block G offshore Equatorial Guinea. The offering consists of two tranches – a fully...
Loomis Sayles sees the expanding private‑credit market as a source of higher yields and structural protections for fixed‑income investors. To exploit this, the firm created a dedicated Private Credit Team that works alongside its public‑markets portfolio managers, credit researchers, and legal...
$AXON Reports Q4 (Dec) earnings of $2.15 per share, excluding non-recurring items, $0.55 better than the FactSet Consensus of $1.60; revenues rose 38.5% year/year to $796.72 mln vs the $755.56 mln FactSet Consensus. Co issues upside guidance for FY26, sees FY26...
Western Asset High Yield Opportunity Fund (HYI) converted from a term‑structured to a perpetual fund last year, prompting the discount to widen to roughly its historical average. The fund’s non‑leveraged, high‑yield strategy delivers a 10.23% distribution yield, but semi‑annual and...
Workday reported $9.55 billion in total revenue for fiscal 2026, a 13 % year‑over‑year increase, driven primarily by subscription growth. The fourth quarter delivered $2.53 billion in revenue, up 14.5 %, and left the company with $5.4 billion in cash. CEO Aneel Bhusri credited artificial‑intelligence...
Forvis Mazars reported $5.7 billion in global revenue for fiscal years 2024‑2025, marking an 11 % year‑over‑year increase. Audit and assurance contributed 45 % of the top‑line, while tax, advisory and outsourcing made up the remainder. The firm’s U.S. segment grew 4 % to...
What my post from December 2023 overlooked was the massive expansion in private credit. Private credit stepped in aggressively to fill financing gaps, refinance maturities, and provide bridge capital, delaying the "wall of maturities" many buyers were eager to capitalize on. Now...
BAM Mutual announced the hiring of Philip Moos, a 30‑year municipal sales veteran from Wells Fargo, to bolster its municipal capital markets team. Moos will report to Bryan Baebler and focus on expanding BAM’s secondary‑market insurance business with institutional investors. The insurer currently...
The IRS Criminal Investigation (IRS‑CI) unit relied on Bank Secrecy Act (BSA) filings for 94% of its FY25 probes, conducting over 3.9 million searches. BSA data linked to 89% of cases, directly originating 11.7% of investigations. Tax‑related fraud investigations uncovered $2.9 billion...
Plug&Play Currency Sync for Zoho CRM now automates daily exchange‑rate updates, ensuring new deals, quotes and invoices use current rates while preserving historical values. The tool pulls rates overnight and allows up to two manual syncs per day, eliminating the...
The Government Accountability Office released a report warning that unpaid tax preparers, especially unenrolled ones, frequently make serious errors that can cost taxpayers benefits and trigger audits. Over half of individual filers used a paid preparer in fiscal year 2024,...
Effective cash‑flow management remains a top priority for finance leaders, with 43 % citing it as a key concern. Leveraging commercial cards enables early‑pay discounts, extending working capital and improving DPO and DSO. Negotiating longer supplier terms and deploying real‑time reporting...
The National Association of Black Accountants (NABA) and the Tennessee Society of CPAs (TSCPA) have formed a partnership to combat the accounting talent shortage. The collaboration will coordinate student‑focused programs, mentoring, networking, and professional‑development initiatives. TSCPA becomes the first state...
Northwell Health, a long‑time participant in the Medicare Shared Savings Program, has generated shared savings while treating about 90,000 attributed beneficiaries and is gearing up for downside risk in 2027. The system focused on care coordination, especially mental‑health screening and...
CalPERS, the $613.7 billion California public‑employees pension, announced it will require its private‑equity general partners to provide far greater transparency on portfolio‑company data. CEO Marcie Frost said enhanced visibility will sharpen risk management and fulfill fiduciary responsibilities. The fund plans to...
MARC Radio Group has finalized a purchase of Hall Communications' radio stations in the Lakeland‑Winter Haven market, marking the broadcaster's exit from the region. The deal, disclosed by RBR+TVBR, includes financial terms that reveal the price MARC paid to acquire...
A new analysis reveals the massive hidden cost of nursing turnover, dubbed the “shadow ledger,” with replacement expenses averaging $61,110 and annual hospital losses up to $5.7 million. The piece quantifies related waste, including $18.27 billion in workplace‑violence costs and billions in...
Spirit Airlines announced a deal with creditors that will allow it to exit Chapter 11 bankruptcy by late spring or early summer 2026. The restructuring will shrink the carrier’s balance sheet, cutting debt from $7.4 billion to about $2.1 billion, and will trim...
The article examines how Treasury bond returns move together with U.S. stock returns, showing that comovement has shifted from positive in the 1980s to negative in the 2000s and back to positive after 2022. Using rolling 90‑day regressions on daily...
Bloomberg’s latest Pro Tips episode demonstrates how analysts can accelerate issuer credit research using CRAN, the Credit Research Analysis tool on the Bloomberg Terminal. The tutorial walks users through data retrieval, rating analysis, and key financial metrics in minutes. Bloomberg...
"How's cash looking?" If that question makes you nervous, you need this dashboard. Every finance leader gets asked this. Most scramble for the answer. Let me show you what I mean. Four KPIs at the top. Revenue, COGS, Opex, Ending Cash. Each one...
Home Depot reported fourth‑quarter sales of $38.2 billion, a 3.8% year‑over‑year decline, yet the results beat analyst expectations. Net income slipped 14.2% to $2.6 billion and operating income fell 14.4%, reflecting pressure from a sluggish housing market. Full‑year sales rose 3.2% to...
The Committee of Sponsoring Organizations (COSO) issued new guidance on internal controls tailored for generative AI. It adapts COSO’s five‑component framework—control environment, risk assessment, control activities, information & communication, and monitoring—to address AI’s probabilistic, dynamic, and scalable nature. The guidance...
CPA firms face a talent crunch and rising technology costs, prompting many to reconsider traditional growth routes. In 2024, financial‑services acquirers accounted for 32.9% of accounting sector deals, up from 18.9% in 2023, highlighting a shift toward wealth‑management partnerships. Such...
Last week, I shared a chapter from my 2021 book Principles for Dealing with the Changing World Order that details the classic signs to watch for as the world geopolitical order breaks down in a classic progression of events that I call...
How to create your own "mini" hedge fund with algorithmic trading and Python A thread 🧵
U.S. insurers remain optimistic about 2026 investment conditions, with 76% of survey respondents seeing improving opportunities despite expectations of higher inflation, tighter liquidity and lower Fed rates. The optimism is driven by higher yields on high‑quality fixed‑income securities and attractive...
Better.com announced it will use a US‑backed stablecoin to finance its mortgage warehouse line, marking a first for a major U.S. mortgage originator. The company plans to tap USDC on a public blockchain to raise short‑term capital, bypassing traditional bank...
Home prices edged higher in the latest quarter, while Chase announced a modest rate discount to spur loan demand. Retail giant Bed Bath & Beyond entered the mortgage origination space, signaling non‑traditional players’ interest in housing finance. Bayview Capital began stocking GSE‑eligible loans...
The Blavatnik School of Government at Oxford, in partnership with the Natural Resource Governance Institute, has launched a five‑day executive programme titled “Managing Mining, Oil and Gas for National Development.” Applications open on 2 March 2026, targeting senior leaders from government, industry,...
Defi is a central part of the value that Ethereum provides. Financial empowerment is a central part of what it means to have agency and freedom in our current world. Finance is far from the only thing that Ethereum is...
Direct secondaries are emerging as a leading exit strategy for private‑equity portfolios, prompting a reassessment of how these assets are valued. Subu Parmeswaran of Valuation Research Corporation highlights that traditional static models no longer capture the nuanced risk‑adjusted returns of these...
Your ad account looks fine: - ROAS is holding - CPMs are manageable - Conversions are flowing But your spreadsheet is screaming. As of February 2026, the average US tariff rate sits at 17% on all imports. For DTC brands...
The 2025‑2026 compensation update shows investment banking pay diverging by seniority. While total compensation rose modestly for analysts (≈5%) and associates (≈5‑10%), vice presidents and directors saw 10‑15% gains and managing directors enjoyed over 25% increases, often exceeding $1 million. Deal...
The IMF’s South Africa mission chief expects Finance Minister Enoch Godongwana to keep the primary budget surplus at 1.5% of GDP and to embed the necessary fiscal reforms in the 2026 budget. The Fund highlighted controlling the public‑sector wage bill,...
The largest multi state cannabis companies have announced meaningful refinancings (with relatively good terms - interest rates and maturities) over the last two weeks - presaging, in our view, a much anticipated and favorable rescheduling decision by the Administration. The "refinancing...
Para offer —> $31/shr with $0.25 ticking fee…. WBD board says “Could Reasonably Be Expected to Lead to a “Company Superior Proposal””
Meridiam has closed its latest infrastructure fund with €2.2 billion of commitments, extending its exposure to long‑hold European assets. The capital raise reached final close this week, adding to the firm’s growing pool of long‑term infrastructure capital. The new vehicle will...
UBS’s Matt Mish lays out a scenario for credit involving “rapid, aggressive AI disruption.” US high yield, leveraged loan & private credit default rates could rise to 3–6%, 8–10%, & 14–15%, respectively: Mish. “Defaults could approach ~$420bn, w/losses of roughly...
📦 Delivery confirmed A fresh batch of prediction markets just arrived ✅ Crypto dailies ✅ Crypto hourlies ✅ 5+ Oscars markets ✅ 50+ basketball events ✅ Fed rate decisions ✅ CPI reports ✅ State of the Union markets ✅ Presidential event markets ✅ Weather markets https://t.co/7iTwFuKihm
Corbel, a next‑generation CPQ platform, is using generative AI to overhaul industrial equipment sales. The system mines unstructured data—PDFs, videos, sales transcripts—to deliver instant technical answers and embeds financing options directly into the buying flow. By keeping human sales reps...
📈 The Board is over "Red, Yellow, Green" charts. They want financial risk quantification. Moving from technical metrics to business risk is the #1 theme for CIOs at RSA this year. Stop reporting on "threats" and start reporting on "impact."...
2y auctions during roll week are usually more interesting esp when TU (ZT) roll is this nasty
Botkeeper announced its shutdown in early February, blaming a "perfect storm" of macro‑economic shifts and unexpected industry consolidation. Experts say rapid mergers among large CPA firms dramatically shrank Botkeeper's addressable market, exposing the weakness of its flat‑rate subscription model. The...
Americans 55 & older now control: 45% of consumer spending 74% of the wealth What does this mean for the next generation, the housing market or the stock market? Some thoughts: https://t.co/tnQSK0khDB https://t.co/7BBPkFGnml
US Federal Budget Deficit as a % of GDP... 1950s: -0.4% 1960s: -0.7% 1970s: -1.9% 1980s: -3.8% 1990s: -2.1% 2000s: -2.3% 2010s: -4.8% 2020s: -8.3% https://t.co/W7GwqCkcBx
Public companies are increasingly inflating AI capabilities to attract investors, a practice dubbed AI‑washing that has sparked a surge in securities fraud litigation. Recent cases such as Opendoor and Upstart illustrate how exaggerated AI claims led to false statements, stock...
I hadn't realized that $OWL came public via SPAC. It's now right back to its original price. Turns out it was all priced in. EMH undefeated https://t.co/Q6eyG9hYLM
Charlie McElligott at Nomura says that the market is being driven by 'Doomers and Boomers' https://t.co/PbuzHGo8VF
