Jeb Hensarling, the former US representative who is now an adviser to the Texas Stock Exchange, says the first initial public offerings on the startup bourse may come in 2027's first quarter. (Source: Bloomberg)
Jeb Hensarling, the former US representative who is now an adviser to the Texas Stock Exchange, says the first initial public offerings on the startup bourse may come in 2027's first quarter. (Source: Bloomberg)
Cursor Traditionally the way an initial public offering works is that there is a private company, and it wants to sell its stock to public investors, so it goes out and markets itself to those investors. Along with its bankers and lawyers, the company writes a prospectus explaining its business. The prospectus will contain some standard sections: often a manifesto from the company’s founder settin...
Cursor Traditionally the way an initial public offering works is that there is a private company, and it wants to sell its stock to public investors, so it goes out and markets itself to those investors. Along with its bankers and lawyers, the company writes a prospectus explaining its business. The prospectus will contain some standard sections: often a manifesto from the company’s founder setting out its vision and guiding philosophy, an overview of its business and the competitive landscape, a discussion of its financial results. There will be audited historical financial statements going back several years, and risk factors explaining what might go wrong. There will also normally be a roadshow, in which the company and its advisers present the company to investors in meetings or over Zoom. The roadshow presentation will hit some of the same notes as the prospectus, though it will probably be more forward-looking, more about how much money the company will make next year than how much it made last year, more about plans than about risks. Research analysts at the company’s banks will explain their — preferably optimistic — views on the company to potential investors. Salespeople at the banks will call their customers to sell them stock. SpaceX, Elon Musk’s satellite internet, rocket launch, space data center, Mars colonization, frontier AI model and social media company, plans to do an IPO sometime soon, possibly in June. On the one hand, this seems like a complicated job: As I hinted in the previous sentence, it is not easy to describe what SpaceX does, what its guiding philosophy is, how it makes money, what risks it faces, or what businesses it competes in. What are the EBITDA margins on the space data centers? What sorts of contingent liabilities does the Mars colony face? The prospectus — essentially conservative and backward-looking — will not capture the true meaning of SpaceX; presumably it will barely mention the Mars colonies or space data centers, which...
JHVEPhoto/iStock Editorial via Getty Images Freddie Mac ( FMCC ) said on Wednesday that it will begin accepting mortgage loans assessed using the credit scoring model VantageScore 4.0. The move will initially be implemented through a limited rollout with approved lenders. Additionally, similar implementation efforts are underway for FICO Score 10T, another approved credit score model. Approved len...
JHVEPhoto/iStock Editorial via Getty Images Freddie Mac ( FMCC ) said on Wednesday that it will begin accepting mortgage loans assessed using the credit scoring model VantageScore 4.0. The move will initially be implemented through a limited rollout with approved lenders. Additionally, similar implementation efforts are underway for FICO Score 10T, another approved credit score model. Approved lenders can choose between VantageScore 4.0 or Classic FICO through a tri-merge credit report for originating new mortgage loans and for loans submitted to Freddie Mac's automated underwriting system, Loan Product Advisor. Lenders not participating in the limited rollout must continue to use Classic FICO scores from each bureau through a tri-merge credit report. "With today's announcement, we are accepting a credit score model that incorporates additional data, including on-time rent payment history," said Freddie Mac's executive vice president and head of single-family acquisitions, Sonu Mittal. More on Freddie Mac Tracking Bill Ackman's Pershing Square 13F Portfolio - Q4 2025 Update Federal Home Loan Mortgage Corporation (FMCC) Q4 2025 Earnings Call Prepared Remarks Transcript Michael Burry pushes back on housing shortage narrative, calls for GSE reform "Stupidly Cheap": Bill Ackman sees 10X potential in Fannie and Freddie amid Middle East conflict Seeking Alpha’s Quant Rating on Freddie Mac
Apple announced that longtime CEO Tim Cook will step down on September 1, 2026 to become executive chairman, with 25-year company veteran and hardware engineering leader John Ternus taking over as the company’s third chief executive since 1997. The move, paired with Johny Srouji’s promotion to chief hardware officer, signals a renewed emphasis on tightly integrated hardware and custom silicon at a...
Apple announced that longtime CEO Tim Cook will step down on September 1, 2026 to become executive chairman, with 25-year company veteran and hardware engineering leader John Ternus taking over as the company’s third chief executive since 1997. The move, paired with Johny Srouji’s promotion to chief hardware officer, signals a renewed emphasis on tightly integrated hardware and custom silicon at a time when Apple is under pressure to define its role in artificial intelligence and...
Micron Technology (NasdaqGS:MU) is publicly backing stricter U.S. export controls on advanced memory chips to China. The company is promoting the proposed MATCH Act, which targets competitive pressure from Chinese memory chip manufacturers. This policy push is aimed at reshaping how U.S. memory technology is shared and traded globally. Micron is a major U.S. producer of DRAM and NAND memory, suppl...
Micron Technology (NasdaqGS:MU) is publicly backing stricter U.S. export controls on advanced memory chips to China. The company is promoting the proposed MATCH Act, which targets competitive pressure from Chinese memory chip manufacturers. This policy push is aimed at reshaping how U.S. memory technology is shared and traded globally. Micron is a major U.S. producer of DRAM and NAND memory, supplying key components for data centers, AI hardware, and consumer devices. As Chinese firms...
Google, part of Alphabet (NasdaqGS:GOOGL), introduced its new TPU 8t and TPU 8i AI chips at Cloud Next, alongside a unified Gemini Enterprise Agent Platform. The company also launched a US$750 million fund aimed at speeding up enterprise adoption of AI agents. Google Cloud revealed new partnerships with Deloitte, Salesforce, Merck, Ulta Beauty, Oracle, and others to bring agentic AI tools into rea...
Google, part of Alphabet (NasdaqGS:GOOGL), introduced its new TPU 8t and TPU 8i AI chips at Cloud Next, alongside a unified Gemini Enterprise Agent Platform. The company also launched a US$750 million fund aimed at speeding up enterprise adoption of AI agents. Google Cloud revealed new partnerships with Deloitte, Salesforce, Merck, Ulta Beauty, Oracle, and others to bring agentic AI tools into real world business operations. Alphabet, through Google Cloud, is pushing deeper into the AI...
Traders notched up record volumes in one narrow corner of the US interest-rate futures market this week, betting on a spread that reflects potential swings in overnight lending markets. One side of the trade involves futures tied to the Secured Overnight Financing Rate — a benchmark rate based on the cost of borrowing against Treasury securities — while the other references the effective fed funds...
Traders notched up record volumes in one narrow corner of the US interest-rate futures market this week, betting on a spread that reflects potential swings in overnight lending markets. One side of the trade involves futures tied to the Secured Overnight Financing Rate — a benchmark rate based on the cost of borrowing against Treasury securities — while the other references the effective fed funds rate, the weighted average of overnight rates. The spread between the two can be traded in the derivatives market via one-month contracts. The July one-month SOFR-fed funds basis traded in a record total of 56,590 futures on Tuesday. Other tenors including June and May also saw elevated activity, with focus on spread buying. The flurry of trades — which were previously popular during last year’s money market pressures — is largely driven by expectations that funding conditions could shift again. The Federal Reserve plans to reduce monthly purchases of Treasury bills it launched to alleviate the strains just as Treasury resumes building up its own cash pile. Treasury’s outlook for bill supply is a key focus around the trade and further reductions create an imbalance between cash and collateral in the market for repurchase agreements, resulting in lower SOFR fixes. Citigroup strategist Alejandra Vazquez Plata said in a note earlier this week that the SOFR-fed funds basis – currently trading negative across all tenors – could become positive later this month and into early May. Treasury is expected to begin increasing T-bill auction sizes “over the coming weeks” given the Treasury General Account tends to shrink on the back of Treasury outflows over the month of May, Vazquez Plata wrote. “Since Treasury guided towards a $900 billion TGA balance for the end of June, T-bill size increases will be needed to support this target level,” she said. Funding costs have drifted lower this year due to the combination of the Fed’s T-bill purchases used to bolster the amount of bank reser...
There were so many takeaways from the sitdown between Nvidia (NASDAQ:NVDA) CEO Jensen Huang and Dwarkesh Patel. The interview got quite heated towards the end, to say the least. But Huang did say that he was “enjoying it,” as Dwarkesh threw some pretty difficult questions at the man many consider to be the face of ... Nvidia’s CEO Sees Software Instances “Skyrocketing” — A Shift Investors Can’t Ig...
There were so many takeaways from the sitdown between Nvidia (NASDAQ:NVDA) CEO Jensen Huang and Dwarkesh Patel. The interview got quite heated towards the end, to say the least. But Huang did say that he was “enjoying it,” as Dwarkesh threw some pretty difficult questions at the man many consider to be the face of ... Nvidia’s CEO Sees Software Instances “Skyrocketing” — A Shift Investors Can’t Ignore
Electric vehicles (EV) are becoming more compelling each passing day thanks to advancements in battery performance, improving charging infrastructure, and more competition, which means more consumer options and more affordable pricing. Those are all driving factors of an EV market that's expected to more than triple in value, from $1.6 trillion in 2025 to over $6.5 trillion by 2030, as global adop...
Electric vehicles (EV) are becoming more compelling each passing day thanks to advancements in battery performance, improving charging infrastructure, and more competition, which means more consumer options and more affordable pricing. Those are all driving factors of an EV market that's expected to more than triple in value, from $1.6 trillion in 2025 to over $6.5 trillion by 2030, as global adoption accelerates. While a rising tide lifts all boats, as they say, Rivian (NASDAQ: RIVN) investors have reason to believe they backed the right young EV maker -- and it's as clear as day in one critical graph. Gross profit is one of the simplest metrics in investing, but also one of the most valuable for investors to gauge how effectively a company is converting materials into finished goods. It's also a key indicator for effective pricing, and a high or growing gross profit indicates stronger financial health -- a key metric for attracting investors. Supported by Rivian's cost engineering team, the company significantly reduced material and production costs for its R1 platform. Rivian surprised some by achieving its first positive quarterly gross profit during the fourth quarter of 2024, and surprised fewer people when it posted its first full-year gross profit for 2025. The reversal was stark: For the full-year 2024, Rivian posted a consolidated gross loss of $1.2 billion, which flipped impressively to a $144 million gross profit for full-year 2025. Continue reading
Pasadena Private Wealth disclosed a buy of 887,464 shares of the Bluerock Private Real Estate Fund (NYSE:BPRE) in an April 22, 2026, SEC filing, with the estimated transaction valued at $14.03 million based on quarterly average pricing. According to a SEC filing dated April 22, 2026, Pasadena Private Wealth increased its stake in the Bluerock Private Real Estate Fund by 887,464 shares during the f...
Pasadena Private Wealth disclosed a buy of 887,464 shares of the Bluerock Private Real Estate Fund (NYSE:BPRE) in an April 22, 2026, SEC filing, with the estimated transaction valued at $14.03 million based on quarterly average pricing. According to a SEC filing dated April 22, 2026, Pasadena Private Wealth increased its stake in the Bluerock Private Real Estate Fund by 887,464 shares during the first quarter. The estimated value of the additional shares acquired is $14.03 million, calculated using the average closing price for the quarter. The fund's total position value in the company rose by $16.34 million, a change reflecting both the share purchase and market price movement. The Bluerock Private Real Estate Fund is structured to provide investors with access to a diversified portfolio of private real estate assets. The fund leverages its expertise in real estate management to pursue stable income and long-term capital appreciation. Its competitive edge lies in its focus on diversified property sectors and disciplined investment strategies tailored to institutional clients. Continue reading
Barclays says AMZN stock will continue to outperform rivals, backed by explosive AWS AI growth, a $20 billion chip business, and booming grocery sales data.
Barclays says AMZN stock will continue to outperform rivals, backed by explosive AWS AI growth, a $20 billion chip business, and booming grocery sales data.
Key PointsAn MPLT executive reported selling 3,316 shares directly on April 15, 2026, for a transaction value of approximately $88,000 at an average price of $26.61 per share.
Key PointsAn MPLT executive reported selling 3,316 shares directly on April 15, 2026, for a transaction value of approximately $88,000 at an average price of $26.61 per share.
May NY world sugar #11 (SBK26 ) today is up +0.07 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.20 (+0.28%). Sugar prices are moving higher today, with London sugar posting a 1.5-week high. Short covering emerged in sugar futures today as crude oil prices (CLM26...
May NY world sugar #11 (SBK26 ) today is up +0.07 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.20 (+0.28%). Sugar prices are moving higher today, with London sugar posting a 1.5-week high. Short covering emerged in sugar futures today as crude oil prices (CLM26...