Finance News and Headlines
Finance News and Headlines
Finance Pulse
EMAIL DIGESTS
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Gladstone Investment Corp reported a NAV increase to $14.95 per share, driven by $1.77 per share of unrealized appreciation and $0.09 per share of realized gains. Adjusted net investment income fell to $0.21 per share, while total assets rose to $1.2 billion after a new buyout added a 29th portfolio company. The firm refinanced its debt, swapping 8% notes for 6.875% notes and expanding its credit facility to $300 million, preserving liquidity. Monthly dividends remain at $0.08 per share, supported by interest‑rate floors that protect yields despite a modest yield dip to 12.9%.
Herc Holdings reported a transformative fourth‑quarter 2025, with equipment rental revenue climbing 24% year‑over‑year after the June H&E acquisition and strong mega‑project demand. Adjusted EBITDA rose 19% to $2.0‑2.1 billion for 2026 guidance, while used equipment sales surged 53% but pressured...
Medifast reported Q4 2025 revenue of $75.1 million, down 36.9% year‑over‑year, as the active earning coach base shrank 40.6% to roughly 16,100. Despite the top‑line decline, average revenue per coach increased 6.2% to $4,664, marking the first year‑over‑year productivity gain since...
Chimera Investment Corporation reported Q4 2025 GAAP net income of $7 million ($0.08 per share) and a full‑year profit of $144 million. The board increased the quarterly dividend 22% to $0.45 and signaled it will remain at that level through 2026. Integration...
Henry Schein reported $3.4 billion in Q4 2025 sales, a 7.7% increase and the strongest growth in over three years. Non‑GAAP operating margin held at 7.42% while cash flow from operations jumped to $381 million. Cloud‑based Dentrix Ascend reached over 11,000 subscribers,...
Xenia Hotels & Resorts reported a Q3 2025 net loss of $13.7 million while generating $42.2 million of adjusted EBITDAre and 23 cents adjusted FFO per share, an 8% YoY decline. Same‑property RevPAR was flat, but excluding the Houston market the portfolio saw...
International General Insurance Holdings (IGIC) posted Q3 2025 net income of $33.5 million and $94.9 million for the first nine months, delivering a 20% annualized return on equity. The company saw gross premiums written dip 5% in Q3, driven by long‑tail pressure,...
Solaris Energy Infrastructure announced a major upsizing of its core power‑solutions contract to 900 MW with a seven‑year tenor, extending earnings visibility to 2033. The joint‑venture, in which Solaris holds a 50.1% stake, is fully financed by a $550 million senior secured...
Westlake Chemical Partners reported Q3 2025 net income of $15 million ($0.42 per unit) and consolidated net sales of $3.09 billion, reflecting the completion of the Petro 1 ethylene unit turnaround. Distributable cash flow matched earnings at $15 million but fell $3 million short of...
Interface Inc. reported third‑quarter net sales of $364.5 million, a 5.9% increase year over year and 4.2% on a currency‑neutral basis. Adjusted gross profit margin rose 208 basis points to 39.5%, while adjusted operating income grew 24.5% to $54.1 million and EPS...
Centene reported full‑year 2025 adjusted diluted EPS of $2.08 and a Q4 loss of $1.19 per share, impacted by a $389 million Magellan divestiture charge. Management forecast 2026 adjusted EPS above $3, implying more than 40% year‑over‑year growth, driven by Medicaid...
Globus Medical reported a record $2.519 billion revenue for 2024, up 61% year‑over‑year, and a non‑GAAP EPS of $3.04, a 31% increase. Free cash flow surged 145% to $405 million, allowing the company to eliminate its remaining $1 billion merger debt by Q1 2025....
Evolent Health reported $2.55 billion in 2024 revenue, a 30% year‑over‑year increase, with adjusted EBITDA of $160.5 million landing at the low end of its guidance due to elevated oncology costs. The company announced two major contracts—a New England health plan covering...
CAVA Group reported a 20% year‑over‑year revenue increase to $289.8 million in Q4 2025, driven by strong same‑restaurant sales growth of 1.9% and the opening of 17 net new locations, bringing the total to 415 restaurants. Restaurant‑level profit margin expanded to...
Restaurant Brands International reported 2.4% comparable sales growth and 5.3% system‑wide sales increase for 2025, delivering 8.3% organic adjusted operating income growth and a 10.7% rise in adjusted EPS to $3.69. Net restaurant growth slowed to 2.9%, the lowest point...
EOG Resources reported a record $4.7 billion free cash flow for 2025, returning 100% of that amount to shareholders through an 8% dividend increase and $2.5 billion of share repurchases. The company cut well costs by 7% by extending lateral lengths and...
Analyst Mike Zaccardi downgrades the iShares US Broker‑Dealers & Securities Exchange ETF (IAI) to hold as momentum in broker‑dealer equities wanes. The fund’s price‑to‑earnings ratio improves to 19.3×, but its PEG stays above 1.5×, keeping valuation away from deep‑value levels....
Citigroup announced the sale of an additional 24% stake in its Mexican retail bank, Grupo Financiero Banamex, for roughly $2.5 billion. The shares were bought by a consortium that includes Blackstone, General Atlantic, Brazil's BTG Pactual and Mexico's Afore Sura, among others. The...
Uber announced it will acquire parking‑reservation platform SpotHero, integrating spot‑booking directly into the Uber app. The transaction, expected to close in the first half of 2026, does not disclose financial terms. SpotHero operates in over 400 U.S. and Canadian cities,...
The Federal Reserve has issued a request for public comment on a proposal to codify its June decision that removes reputation risk from bank supervision. The move aims to prevent supervisors from pressuring banks to “debank” lawful customers based on...
Washington State’s House Bill 2089 seeks to restore dwindling wildfire‑prevention funding by revoking a tax deduction that currently benefits large digital mortgage lenders. The deduction, originally crafted for community banks, generated $91.6 million in savings in 2024, with 65 % captured by...
Ryman Hospitality Properties reported record Q4 and full‑year 2025 results, posting $737.8 million in quarterly revenue and $2.6 billion for the year. Adjusted EBITDAre rose 18.9% YoY to $224.3 million in Q4 and $794.7 million annually, while net income reached $74.5 million and $247.3 million respectively....
Montréal‑based Sheertex maker SRTX filed for insolvency and agreed to sell key assets to fellow Québec hosiery firm AYK International. Court filings reveal revenue peaked at $45.5 million in 2023, dropped to $27.9 million in 2024 and generated only $7.6 million in the...
Traditional lenders are eyeing the expanding non‑agency mortgage market as originations have roughly tripled in recent years, driven by growing appetite for non‑owner‑occupied and non‑QM loans. Securitization activity surged 78% in 2025, while delinquencies on non‑QM assets have risen above...
At the PEI Group’s NEXUS 2026 summit, Thoma Bravo partner Holden Spaht and New York‑based LP specialist Anastasia Titarchuk discussed how artificial‑intelligence disruption is reshaping private‑equity dynamics. Both highlighted accelerating deal flow in AI‑enabled software and the need for deeper technical diligence....
Former U.S. national security adviser Susan Rice, a Netflix board member, publicly criticized President Donald Trump on a podcast, prompting the president to demand her removal from the board. The outburst coincides with Netflix’s $82.7 billion bid to acquire Warner Bros....
The IRS announced in Announcement 2026‑7 that final regulations amending RMD rules will not take effect until at least the 2026 calendar year, roughly six months after their Federal Register publication. The interim guidance requires taxpayers to rely on a good‑faith...
Bank holdings of residential mortgage‑backed securities dropped in Q4, while investor appetite for GSE‑eligible non‑agency loans surged. The CFPB reported a lower share of complaints receiving relief, and fintech Better turned to stablecoins for warehouse funding. M&A activity is reshaping...
Josh Harris, founder of 26North, told PEI Group’s NEXUS conference that the firm is targeting the mid‑market segment as the sweet spot for private credit. He noted that even though the credit cycle is in its later stages, a pronounced...
Savant Labs' 2026 Trends Report reveals finance, tax and accounting leaders plan heavy AI investment. Seventy‑six percent intend to fund strategic agentic automation in 2026, yet only six percent have advanced, broad‑scale deployments. Governance, auditability and ERP integration emerge as...
Since the start of President Trump’s second term, the administration has completed ten direct equity investments in private firms, highlighted by a $1 billion stake in L3Harris Technologies' rocket‑motor unit and minority positions in Intel and critical‑mineral suppliers. The moves target...
BEWI Invest has published its fourth‑quarter and full‑year 2025 financial results, delivering a consolidated view of the company’s performance for the period. The filing, filed on the Oslo Børs and Euronext Oslo platforms, includes detailed income statements, balance sheet data,...
The accounting profession is witnessing a shift toward fractional financial leadership, where seasoned accountants provide part‑time, embedded CFO or controller services to multiple clients. Small‑ and mid‑size businesses, facing complex strategic decisions, can now access senior expertise for 5‑15 hours...
The World Bank announced a $10 bn financing package for Mozambique, including $6 bn of mostly concessional public‑investment funding and an additional $4 bn earmarked for private‑sector projects. A $921 m grant from the International Development Association’s 21st replenishment is also part of the...
Josh Harris of 26North warned that blending unaccredited investor capital with wealth‑managed funds in mixed‑regulation vehicles creates systemic risk. At PEI Group's NEXUS 2026 conference, he argued that such structures could trigger regulatory backlash and erode confidence in private markets....
AM Best upgraded RLI Group’s financial strength ratings to A++ and its long‑term issuer credit ratings to aa+, reflecting superior balance‑sheet fundamentals and capital management. The insurer reported $1.9 billion policyholder surplus and $264.2 million underwriting income for 2025, marking the 30th consecutive...
The SEC will host a Private Markets Roundtable on March 4, 2026 to discuss the retailization of private securities. Currently, non‑accredited investors are limited to Reg A and Reg CF, while most private offerings remain inaccessible. Pending legislation could relax accredited‑investor thresholds, adding a...
The article introduces Flow Through and Flex as complementary metrics that translate hotel revenue changes into profitability outcomes. Flow Through measures the percentage of incremental revenue that becomes gross operating profit, while Flex gauges how well a property shields profit...
Evercore ISI projects Microsoft’s free cash flow to grow 5% in 2026 while hyperscaler capital spending jumps 58% to over $700 billion. In contrast, Amazon, Google, Meta and Oracle are expected to see FCF declines, whereas Nvidia and Apple are forecast...
Cornell Law professor Dan Awrey released a working paper titled "Banking, Technology, and Instability" analyzing fintech‑driven Banking‑as‑a‑Service (BaaS). The paper argues BaaS flips traditional outsourcing, with fintechs delegating core banking functions to partner banks, creating regulatory arbitrage. This shift destabilizes...
Societe Generale announced a €1 billion capital decrease on 23 February 2026 by cancelling 15,170,791 treasury shares. The move reduces the bank’s share capital to €939.65 million, representing 751.7 million ordinary shares. In parallel, the bank reported that 34.3% of its €1.462 billion 2025‑2026 share‑buy‑back programme...
Shell plc announced on 23 February 2026 that it repurchased 1,028,319 of its own shares for cancellation, executing trades on six European venues. The GBP‑denominated purchases (LSE, Chi‑X, BATS) were made at volume‑weighted average prices around £29.54 per share, while...
Retail giant Walmart announced a $30 billion share buyback, its largest ever, representing about 3.1% of its $980 billion market value, while reporting 24% YoY e‑commerce growth and a 5% dividend increase. Ride‑hailing firm Lyft unveiled a $1 billion repurchase plan, equal to...
In January, African investors and executives launched the Africa Tech 50 Index (AT50) at the London Stock Exchange to benchmark how prepared African startups are for public listings. The index uses a six‑pillar framework covering valuation momentum, revenue strength, liquidity,...
Mortgage investors are bracing for short‑term disruption as major credit bureaus roll out next‑generation scoring models that incorporate alternative data and machine‑learning algorithms. The new frameworks promise finer risk granularity but also introduce uncertainty around model validation, regulatory approval, and...
Industry analysts warn that moving away from the established tri‑merge securitization framework could introduce significant operational and liquidity risks for mortgage lenders. The tri‑merge process, which bundles GSE‑eligible loans from multiple originators, has underpinned stable funding flows for years. A...
Redwood introduced an expanded‑credit mortgage‑backed security, widening the pool of agency‑eligible assets as banks see their residential MBS holdings dip in Q4. Mortgage servicing rights (MSRs) are now being offered directly, reflecting heightened M&A activity that is reshaping the conventional...
On 28 May 2024 the Office of Financial Sanctions Implementation (OFSI) re‑issued General Licence INT/2024/4761108 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019. The licence authorises individuals to use retail banking services of a designated credit or financial institution, provided any payments...
The Bond Buyer’s 2026 Predictions Survey, conducted with 74 public‑finance professionals, identified political uncertainty as the top five‑year threat to municipal finance, with 82% of respondents flagging it. Nearly half see tariff‑related volatility as a moderate to significant risk for...
RevSpring, a revenue‑cycle management platform backed by Frazier Healthcare, announced the acquisition of healthcare‑technology firm TrustCommerce. The deal was sourced from Waud Capital Partners, which acted as the seller. TrustCommerce brings a robust payment‑processing suite that complements RevSpring's existing billing...
