Oracle Taps Schneider Electric Alum for CFO Amid AI Spending Surge
Oracle has appointed Hilary Maxson, former Schneider Electric CFO, as its new chief financial officer, effective immediately. Maxson will receive a $950,000 base salary, a $2.5 million target bonus and a $26 million equity grant. The hire comes as Oracle accelerates AI spending, seeking up to $50 billion in financing to expand its data‑center capacity. The move follows a 243% year‑over‑year surge in AI infrastructure revenue and a 24% stock decline amid broader AI‑related concerns.
Optimize Your Tech Stack
Vertex is urging SAP‑driven enterprises to move beyond basic tax determination toward a fully operational tax ecosystem. The company’s O Series provides core calculation, while a portfolio of add‑ons—such as Accelerators, FlexTAX, Flux Monitor and automated filing solutions—automates compliance, reconciliation,...
Why AI Skills Are Becoming a Must-Have in Accounting Roles
AI proficiency has shifted from a nice-to-have to a baseline requirement for finance and accounting professionals. A Datarails analysis of 5,000 U.S. job postings shows AI or machine‑learning mentions rising to 30% for accounting roles, up from 18% a year...
NeuBird AI Closes $19.3M Round Led by Xora Innovation
NeuBird AI announced an oversubscribed $19.3 million funding round led by Xora Innovation, with participation from Mayfield, StepStone Group, Prosperity7 Ventures and Microsoft’s M12 fund. The capital will accelerate product development, global go‑to‑market expansion and broaden access for DevOps, SRE and...
Leggat McCall Lands $122M Loan For Bunker Hill Redevelopment: The Boston Deal Sheet
Leggat McCall, the Boston Housing Authority and Joseph J. Corcoran Co. secured a $122 million loan from Cottonwood Group to fund Building F of the Bunker Hill redevelopment. The nine‑story building will contain 208 market‑rate and 58 affordable apartments, part of a...
Lancaster County Schools, South Carolina, Outlook Lowered to Negative
S&P Global Ratings lowered the outlook for Lancaster County School District in South Carolina to negative after the district tapped its reserves in fiscal 2024 and 2025. The agency affirmed the district’s general‑obligation bonds at AA‑minus and its installment‑purchase revenue...
Shoe Retailer Minelli Is Back in Receivership
French shoe retailer Minelli, founded in 1973, has been placed into receivership after a safeguard period was converted by the Paris Economic Activities Court in March 2026. The company posted a €3.7 million loss (about $4 million) for the 2024‑25 fiscal year,...
Report: L.A. Faces a Rocky Road to the 2028 Olympics
The LA28 organizing committee projects a $7 billion budget, but a SAJE report warns actual costs could reach $12 billion, citing security, sanitation, and transit overruns. LA28 has secured over $2 billion in sponsorships and aims to sell 97 percent of tickets, yet critics...
Wheels Fleet Lease Funding 2026-1 LLC: Presale Report
DBRS (Morningstar DBRS) issued provisional credit ratings for the note classes of Wheels Fleet Lease Funding 2026‑1 LLC. The senior A‑1 tranche received an (P) R‑1 (high) rating, while the A‑2‑I, A‑2‑II and A‑3 tranches were assigned (P) AAA. The subordinate...
US Operator Names New CFO Months After Previous Executive’s Departure
Expand Energy announced Marcel Teunissen as its new chief financial officer, effective Monday, replacing interim CFO Brittany Raiford who will resume investor‑relations duties. Teunissen joins after serving as North America president and former CFO of Canada’s Parkland Corporation, and after a two‑decade...
Gulf Nations Contributing $24 Billion to Paramount's WBD Purchase
Paramount Global’s $81 billion acquisition of Warner Bros. Discovery is being underpinned by a $24 billion financing pledge from three Gulf sovereign wealth funds, with Saudi Arabia’s Public Investment Fund contributing $10 billion. The structure keeps each investor below the 25 percent ownership threshold,...
Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2015-C1 Commercial Mortgage Trust
Morningstar DBRS confirmed the credit ratings for all classes of the CSAIL 2015‑C1 Commercial Mortgage Trust, assigning AA (low) to Class B and X‑B, A (low) to Class C, CCC to Classes D and X‑D, and C to Classes E,...
Despite Doing Their Own Research, Finfluencer Followers and Social Media Users Face Higher Fraud Risk
A FINRA study reveals that retail investors who rely on social media or follow finfluencers are far more likely to suffer investment fraud than their peers. While these digital investors cite higher numbers of information sources and perform more background...
Morningstar DBRS Confirms Credit Ratings on Three J.G. Wentworth Transactions
Morningstar DBRS confirmed the credit ratings for every class of securities in three J.G. Wentworth asset‑backed securitizations. The agency highlighted robust credit enhancement, the strong credit profile of annuity providers, and a track record of zero defaults to date. Ratings...
Why Your Revenue Management System Is Working Against You—And What to Do About It
Nonprofit CFOs are overwhelmed by manual, spreadsheet‑driven revenue management that forces grants, contracts, donations, and earned income into a single fragile workflow. This structural weakness creates compliance risks, delayed reporting, and blind spots that hinder cash‑flow and growth decisions. The...
Maharlika Has P68 Billion in Investible Funds – Consing
Maharlika Investment Corp. (MIC) reports it retains roughly $1.2 billion in deployable capital after deploying about $180 million from its initial funding. The fund’s interest income jumped to $50 million in 2024, and it paid $26 million in dividends, reflecting strong earnings from its...
JPMorgan’s Dimon Bemoans Parts of Basel, G-SIB Proposals
JPMorgan CEO Jamie Dimon criticized the latest Basel III and G‑SIB capital proposals, calling parts of them "nonsensical" and arguing they would unfairly penalize the bank’s success. He noted the revised G‑SIB surcharge would fall to about 5%, still requiring JPMorgan...
Tyson Promotes Chief Accounting Officer
Tyson Foods Inc. announced that Phillip Thomas will resume the role of chief accounting officer on April 6, 2026, after previously serving from July 2020 to December 2023. Thomas has spent six years as vice president and controller and held senior finance positions dating back...
Senior Housing REIT Eyes IPO After Posting Years Of Losses
National Healthcare Properties (NHP), a self‑managed senior‑housing REIT, disclosed a confidential plan to launch an initial public offering. The company reported a $58 million net loss for 2025 after property losses of $203 million in 2024 and $86 million in 2023. Its portfolio...
Sysco To Acquire Restaurant Depot In $29.1 Billion Deal
Sysco announced a $29.1 billion cash‑and‑stock acquisition of Jetro Restaurant Depot, creating a food‑service distribution platform with roughly $100 billion in annual revenue. Restaurant Depot adds 166 warehouses across 35 states and a cash‑and‑carry model that complements Sysco’s delivery network. Sysco plans...
FDIC Finds TILA Non-Compliance Top Issue in 2025
The FDIC’s 2025 Bank Examination Report identified Truth‑in‑Lending Act (TILA) non‑compliance as the most prevalent regulatory breach among U.S. banks. Roughly 28 % of surveyed institutions received TILA citations, translating to an estimated $1.2 billion in consumer‑harm costs. The agency warned that...
US Bonds Steady as Traders Bet War Uncertainty Keeps Fed on Hold
Bond traders entered the week expecting the Federal Reserve to keep rates unchanged through the next year, leaving Treasury yields largely flat. Two‑year yields hovered near 3.86% and 10‑year yields around 4.34% after strong payroll data revived a bond‑bearish bias....
Bed Bath & Beyond CFO Jumps to Sally Beauty
Adrianne Lee, former president and CFO of Bed Bath & Beyond, will become Sally Beauty’s chief financial officer on April 28, succeeding Marlo Cormier. Lee brings a track record that includes finance leadership at Hertz and Best Buy, and Sally Beauty’s CEO highlighted her strategic...
Jamie Dimon's Three-Pronged Warning: Iran Inflation Risk, Private Credit Cracks, and AI's Unknowns
JPMorgan CEO Jamie Dimon used his annual shareholder letter to flag three intertwined risks for 2026: a potential inflation surge from the Iran war, higher‑than‑expected losses in private‑credit markets, and unpredictable second‑order effects from artificial‑intelligence adoption. He likened the inflation...
BlackRock Files to Challenge Invesco’s Nasdaq 100 ETF Monopoly
BlackRock has filed with the SEC to launch the iShares Nasdaq 100 ETF under the ticker IQQ, aiming to become one of the few U.S.-listed funds that track the Nasdaq 100 exclusively. The move challenges Invesco’s long‑standing dominance of pure Nasdaq 100 ETFs,...
Anthropic Pays $400M for Biotech; Praxis Epilepsy Drug Hits in Phase 1/2 Trial
San Francisco AI firm Anthropic announced a $400 million acquisition of stealth biotech Coefficient Bio, signaling its push into drug discovery. The purchase aims to integrate Anthropic’s large‑language‑model capabilities with biotech research pipelines. In parallel, Praxis Therapeutics disclosed encouraging Phase 1/2 data...
RBI Keeps Investment Limit for FPIs in G-Secs Unchanged for FY27
The Reserve Bank of India confirmed that foreign portfolio investors (FPIs) can continue to hold up to 6 percent of India’s outstanding government securities through the general route for fiscal year 2026‑27. The split between the General and Long‑term sub‑categories remains...
Zephyr's Adjusted for Risk: Skill Over Style - Redefining Investment Success
Zephyr’s market strategist Ryan Nauman hosted a podcast with Aapryl’s Bill Himpele and Cesar Gonzales to champion skill‑based analytics over traditional backward‑looking performance reporting. The discussion highlighted that much apparent outperformance stems from cyclical market and style exposures rather than...
Dollar Value of Financial Crime Is Soaring by Almost 20% per Year
A Nasdaq Verafin study estimates global illicit financial flows grew at a 19.2% compound annual rate, reaching $4.4 trillion in 2025. The surge spans drug trafficking, fraud schemes, human trafficking and terrorist financing, with each segment posting double‑digit growth. Surveyed anti‑crime...
My Honest Take on the 8 Best Financial Close Software
The article evaluates over 20 financial‑close platforms and highlights eight top solutions for 2026, including Workiva, FloQast, BlackLine, SAP Cloud ERP, Adra, OneStream, LiveFlow, and CCH Tagetik. Each tool is profiled with strengths such as governance‑driven reporting, checklist‑based management, reconciliation automation,...
Neurocrine to Acquire Prader-Will Drug in $2.9B Soleno Buyout
Neurocrine Biosciences agreed to acquire Soleno Therapeutics for $2.9 billion, securing the rare‑disease drug Vykat XR. Vykat generated $190 million in 2025 sales, including $92 million in the fourth quarter, but recent safety concerns and a slowdown in new patient starts have clouded its...
Fubo Says It Should Be Cash Flow Positive Starting in Fiscal 2027
Fubo, now combined with Hulu + Live TV, projected adjusted EBITDA of $80‑$100 million for fiscal 2026 and set a $300 million target by fiscal 2028, implying over 80% annual growth. The company expects to become cash‑flow positive in fiscal 2027 and achieve a net‑cash...
SP Group Gets Relief on $3.4 Billion Private Credit Debt
SP Group, a 160‑year‑old Indian construction conglomerate, secured relief on its $3.4 billion private‑credit facility by having lenders temporarily raise its loan‑to‑value covenant to 40% from 34% for four months. The loan, issued at a steep 19.75% yield, is backed by...
AHL Venture Partners Spent a Decade Doing Equity in Africa. Then It Chose Debt.
AHL Venture Partners, a Nairobi‑based impact VC founded in 2007, has pivoted from a mixed equity‑debt strategy to a pure private‑credit focus after a 2020 strategic reset. The firm now backs scaling African businesses with senior secured loans, targeting high‑margin,...
The Benefits (and Risks) of Selling an Accounting Practice to Private Equity
Private equity (PE) is increasingly targeting U.S. accounting firms, offering partners cash payouts, favorable capital‑gain treatment, and rollover equity that can yield future upside. A PE transaction can inject capital for technology, talent acquisition, and growth while offloading back‑office burdens,...
Regulators Draw Tight Limits Around Prediction Market Event Contracts
Canadian regulators CSA and CIRO have confined prediction‑market event contracts to a narrow framework, authorizing only two investment dealers to offer them. The approved contracts fall into three categories—economic, environmental and financial indicators—and must have a maturity of at least...
Once‑dominant Toy Chain Gambles on a Quick Sale to Outpace Mounting Claims
Toys “R” Us Canada, under creditor protection since February, has secured court approval to solicit bids for a sale or investment, with a timeline that targets bids in May, a buyer selection in June and a likely closing in July. The...
A Big Carl's Jr. Franchisee Has Filed for Bankruptcy
A Carl’s Jr. franchisee that runs 65 California locations filed Chapter 11 bankruptcy, encompassing several entities owned by Harshad Dharod. The filings list assets and liabilities under $50,000 each, indicating a tightly scoped restructuring. The franchisor emphasized that the bankruptcy is...
The Work Beneath the Work: How J.P. Morgan, BofA, U.S. Bank, and Citi Are Rebuilding Their Internal Systems
Major U.S. banks are overhauling their internal operating platforms, shifting focus from product launches to the infrastructure that creates value. JPMorgan unveiled its American Dream Initiative, aiming to support 10 million small businesses and extend roughly $80 billion in loans over ten...
US Bonds Steady as Traders Bet War Uncertainty Keeps Fed on Hold
Bond traders entered the week betting the Federal Reserve will keep interest rates on hold, leaving two‑year Treasury yields near 3.86% and 10‑year yields around 4.34%. The market’s steadiness reflects lingering uncertainty from the Iran‑U.S. conflict, especially after President Trump...
Neurocrine Will Pay $2.9B for Soleno and Its Prader-Willi Medicine
Neurocrine BioSciences announced a $2.9 billion acquisition of Soleno Therapeutics, paying $53 per share for the rare‑disease specialist. The deal brings Soleno’s late‑stage Prader‑Willi syndrome therapy into Neurocrine’s growing portfolio. Soleno, a profitable company, adds a commercial platform and additional rare‑disease...
Sharps Technology Reports 2025 Year-End Results and Highlights Continued Execution of Solana Treasury Strategy
Sharps Technology reported FY2025 results, highlighting a dramatic balance‑sheet transformation driven by a Solana‑based treasury. The company accumulated over 2 million SOL, staking 95% at roughly 7% gross annual yield, which produced $6.8 million of its $7.0 million revenue. Total assets rose to...
Moody’s Raises Ryder’s Debt Level that Had Been in Place Since COVID
Moody’s upgraded Ryder System’s senior unsecured debt rating to Baa1 from Baa2, restoring the pre‑pandemic level first set in 2020. The agency cited the company’s successful shift toward logistics and dedicated transport, which now represent about 60% of revenue, reducing...
SMC DAO Acquires Nigerian Crypto Startup Bread Africa in Six-Figure Deal
SMC DAO, a decentralized autonomous organization of crypto traders, has acquired Nigerian crypto startup Bread Africa in an undisclosed six‑figure cash deal. The purchase builds on a 2023 $250,000 sale of the founder’s earlier ventures and adds a frictionless crypto‑to‑fiat...
China's Syneron Raises $150M for Peptides, Adding to Last Year's $100M
Chinese biotech Syneron Bio announced a $150 million Series B financing round, bringing its total capital raised to $250 million after a $100 million round last year. The funds will be allocated to advance its peptide therapeutic platform, a drug...
Goldman Sachs BDC: Downside Risks Remain If NAV Growth Doesn't Improve
Goldman Sachs BDC (GSBD) remains a hold as it trades at a record 28.6% discount to net asset value, reflecting persistent headwinds from high interest rates and sluggish new investment activity. Despite a lofty 15.8% dividend yield that is still...
CORRECTION -- AirSculpt Technologies Reports Fourth Quarter and Full Year Fiscal 2025 Results
AirSculpt Technologies reported FY 2025 revenue of $151.8 million, down 15.8% year‑over‑year, with case volume falling 15.6% to 11,852 procedures. The company posted a net loss of $11.7 million and adjusted EBITDA of $12.5 million, both worse than 2024. In Q4, revenue slipped to...
Jamie Dimon Warns Private Credit Losses Will Be Larger than Feared
JPMorgan CEO Jamie Dimon cautioned that losses in the private credit market are likely to exceed earlier estimates, suggesting a potential 5‑10% hit to the asset class rather than the previously feared 2% range. He highlighted that the sector now...
HNI Corporation Q1 Preview: Steelcase Integration Needs To Show It Was Worth It
HNI Corp remains on Hold as investors await proof that its $2.5 billion Steelcase acquisition will deliver promised synergies and margin expansion. The deal boosted Q1 sales by 38%, but organic growth stayed modest at 9% year‑over‑year, and integration costs have...
Grocery Outlet Holding: Downgrade To Sell On Weakened Fundamentals
Retail discount chain Grocery Outlet Holding (GO) was downgraded to a sell rating as its core treasure‑hunt value proposition and store‑growth strategy have weakened. Management’s 2026 guidance projects comparable sales between a 2% decline and flat, with Q1 comps expected...