ServiceNow Pops 5% as BofA Restarts After $7.8B Armis Buy
ServiceNow stock jumped roughly 5% Monday after Bank of America restarted coverage at Buy, weeks after the $7.8B cash purchase of Armis and a $4B bond sale.
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How Treasury Auctions Work: Bid-to-Cover and Tails
How the U.S. Treasury actually raises money: single-price auctions, competitive vs noncompetitive bids, primary dealers, and what tails reveal.
Senate Banking Clears Bipartisan Crypto Clarity Act
The Senate Banking Committee favorably reported H.R. 3633, the Digital Asset Market Clarity Act, on May 14 in a bipartisan markup.
Chip Stocks Tumble as $9T Semi Concentration Hits S&P 500
Nvidia, Broadcom, Micron and AMD all fell 3-7% as $9 trillion in chip market cap tests the S&P 500’s record concentration.
Investment Grade vs High Yield: Ratings, Spreads, Defaults
Investment grade vs high-yield bonds explained: the BBB-/Baa3 cutoff, credit spreads, default rates, and recovery — what actually separates the two.
Publicis to Buy LiveRamp for $2.5B in Ad-Tech Data Bet
Publicis Groupe is acquiring data-collaboration platform LiveRamp in an all-cash deal valued at about $2.5B equity / $2.2B enterprise value, betting on first-party data after cookies.
ASML-Tata Sign $11B MoU for India’s First 300mm Chip Fab
ASML and Tata Electronics signed an MoU on May 16, 2026 to equip India’s first commercial 300mm semiconductor fab in Dholera, witnessed by PM Modi.
QE vs QT: How the Fed Balance Sheet Actually Works
A plain-English guide to how the Fed creates reserves to buy bonds (QE) and lets them mature to shrink the balance sheet (QT), with 2026 numbers.
Bullish to Buy Equiniti for $4.2B in Tokenization Bet
Crypto exchange Bullish is acquiring transfer agent Equiniti from Siris in a $4.2B deal to build the first blockchain-native transfer agent for tokenized securities.
Russell 2000 Drops 2.4% as Long Yields Slam Small Caps
Small-cap stocks led Friday’s selloff with the Russell 2000 down 2.4% as rising Treasury yields rekindled fears about leverage, refinancing, and unprofitable balance sheets.