Anthropic IPO Update: MS, Goldman Lead; October Launch Eyed
Anthropic taps Morgan Stanley and Goldman Sachs to lead its IPO. Filing now targeting late September, with an October launch and a $15B pre-IPO credit line.
Lululemon Crashes 17%: Q2 Comps -9%, FY26 Guide Slashed
Lululemon fell 17% after Q2 FY26 revenue slipped 4%, Americas comps sank 12%, and the company cut its full-year revenue and EPS guide. Here is what changed.
Leveraged ETFs Explained: Daily Reset and Volatility Drag
How TQQQ, SQQQ, and other daily-reset ETFs really work — the compounding math, when they overshoot, and when volatility eats them alive.
NVIDIA to Buy Hugging Face for $12.9B: Deal Terms, Timing
NVIDIA agreed to acquire open-source AI hub Hugging Face for ~$12.9B ($11.9B cash + $1.0B retention equity). Deal targets H1 2027 close.
Jobs Blowout: 162K Hires Force Fed Rate-Hike Bets Back
US employers added 162,000 jobs in August, more than double consensus. Treasury yields ripped and September rate-cut bets flipped to potential hikes.
FICO Falls 6.6% After Pulte Opens Fannie to VantageScore
FHFA Director Bill Pulte orders Fannie Mae and Freddie Mac to let every lender use VantageScore 4.0 immediately, ending FICO’s mortgage-scoring lock.
Credit Ratings Explained: How Moody’s, S&P, and Fitch Grade Debt
Credit ratings are opinions on default risk from SEC-designated agencies. What the scales mean, why the BBB-/Baa3 line moves markets.
Williams Closes $5.5B Momentum Deal, Lifts EBITDA Guide
Williams closed its $5.5B Momentum Midstream buy on Sept. 3, one month after sign, and lifted 2026 adjusted EBITDA guidance to $8.3-$8.5B.
AI Power Trade: Vertiv, GE Vernova, Eaton Lead 2026 Rally
Vertiv +66%, GE Vernova +44%, Flex +79% YTD. The AI data-center power basket keeps crushing the S&P 500 as capex forecasts climb and M&A heats up.
Bond Duration and Convexity Explained: How Prices Move
Duration tells you how much a bond’s price will move for a 1% change in yields. Convexity refines the estimate for big moves. Here’s how both actually work.