Apollo, Blackstone Pitch $36B Debt to Power Anthropic TPUs
Apollo and Blackstone are arranging a record $36B debt deal to fund Anthropic’s Google TPU buildout — a watershed for AI-infra private credit.
Month: May 2026
Best Buy Jumps 18% on Q1 Beat, Names Bonfig as Next CEO
Best Buy comp sales rose 2% in Q1 FY27, EPS jumped 38% to $1.31, and CFO Jason Bonfig will succeed Corie Barry as CEO on Nov 1. Stock +18%.
Margin and Margin Calls: How Borrowing to Buy Stocks Works
How buying on margin works: Reg T’s 50% rule, FINRA’s 25% maintenance minimum, what triggers a margin call, and why brokers can liquidate without notice.
EU Opens FSR Probe Into JD.com’s $2.5B Ceconomy Bid
Brussels launched an in-depth Foreign Subsidies Regulation probe into JD.com’s EUR2.2B/$2.5B takeover of MediaMarkt-Saturn parent Ceconomy AG.
Snowflake Surges 35% on Q1 Beat, Lifts FY27 to $5.84B
Snowflake Q1 product revenue grew 34% to $1.334B and RPO hit $9.21B as the data cloud raised FY27 guide to $5.84B, sending SNOW up roughly 35%.
S&P 500 Inclusion: What Really Happens When a Stock Joins
How a stock actually gets added to the S&P 500, what the historical “index effect” was, and why recent research finds that pop has largely vanished.
FedEx Freight (FDXF) Joins S&P 500 as Spinoff Closes June 1
FedEx Freight Holding (FDXF) begins trading June 2, replaces EPAM in the S&P 500, and takes American Airlines’ Dow Transports slot as the $3.7B-funded spinoff closes.
DICK’S Q1: Sales +63%, Stock -6% on EPS Outlook Cut
DICK’S Sporting Goods Q1 sales jumped 63% as Foot Locker turned profitable, but DKS fell 5.97% after the retailer trimmed its GAAP EPS outlook.
The VIX Explained: How Wall Street’s Fear Gauge Works
What the VIX really measures, how it’s built from SPX options, why VIX ETPs like VXX lose money over time, and the common mistakes traders make.
OpenAI Files Confidential S-1; ~$1T IPO Eyed for Q4
OpenAI confidentially filed its S-1 around May 22, with Goldman Sachs and Morgan Stanley leading a Q4 IPO targeting up to a $1 trillion cap.