Oracle Invokes Force Majeure on $165B Project Jupiter AI Site
Oracle issued a force majeure notice to developer Blue Owl Capital over its $165B Project Jupiter data center in New Mexico following pipeline permit delays.
Month: September 2026
Capped Call Transactions Explained: How Companies Offset Dilution
Learn how capped call transactions work in convertible bond offerings, how lower and cap strikes offset equity dilution, and why dealers delta-hedge.
Alcoa Closes $2.6B Senior Notes to Fund South32 Assets
Alcoa closed a $2.6B senior notes offering across 2034 and 2036 tranches, terminating its bridge facility to fund its $3.1B South32 asset purchase.
Stitch Fix Q4 Revenue Hits $324M as Checkout Glitch Dents FY27
Stitch Fix reported Q4 revenue of $324.4 million, but shares dropped after hours as an August checkout glitch and shipment shifts clouded its FY27 outlook.
Adjustable-Rate Mortgages Explained: SOFR, Margin, Caps
Understand how adjustable-rate mortgages (ARMs) reset after the fixed period, including SOFR index calculation, lender margins, rate caps, and payment math.
IQVIA Closes $2B Senior Notes Sale to Refinance Debt
IQVIA completed a $2.0B sale of 6.375% senior notes due 2034 to redeem its 5.000% 2026 notes and pay down revolving debt, pushing maturities out eight years.
Cintas Posts Record $3.01B Q1 Revenue, Raises FY27 Guidance
Cintas reported fiscal Q1 2027 revenue of $3.01B, up 10.9%, operating margin of 23.6%, and raised full-year guidance while pursuing its UniFirst buyout.
Series I Bonds Explained: Composite Rate, Inflation Math, Tax
Understand how Series I savings bonds work, including the composite rate formula, inflation adjustments, 12-month lockup, early penalties, and tax rules.
Cognex to Acquire RealSense in $500M Cash Deal for Robotics
Cognex agreed to acquire Intel spin-out RealSense for $500M in cash plus $106.5M in equity and retention, targeting the $1.6B robotic perception market.
McDonald’s Unveils $8.5B Plan and Low-50s Margin Goal
McDonald’s sets 2030 financial targets, committing $8.5B in franchisee support, deploying ArchIQ AI, and targeting low-to-mid 50% operating margins.