EBITDA Explained: What It Measures and Where It Lies
EBITDA strips out interest, taxes, depreciation, and amortization. What it captures, where Adjusted EBITDA misleads, and how to read it.
Bruno
Dangote Refinery’s $2.5B Placement Sets Up October IPO
AFC-led $2.5B placement closed 3.7x oversubscribed. Dangote lines up an October NGX IPO with a $1B underwriting backstop — Africa’s largest ever.
Intuit -9%: FY27 Guide Slows, Mailchimp Split Out
Intuit beat Q4 with revenue up 14% to $4.4B, but FY27 guidance of 9-10% growth, a 2-3% TurboTax outlook, and a Mailchimp segment carve-out sank INTU.
Bond Duration and Convexity Explained
Duration measures a bond’s price move per 1% yield change; convexity is the correction that matters when rates move a lot. The math, with examples.
Fed Discount Rate Vote: 4 Banks Wanted a Hike, Board Held
Fed discount rate minutes released Aug 25 show four Reserve Bank boards voted to raise the primary credit rate to 4.00% by July 29 — up from two.
DKS -31%: DICK’S Comps +4.9%, Foot Locker -3.6%
Dick’s Sporting Goods stock plunged 30.7% after Q2 FY26 as Foot Locker proforma comps fell 3.6% and management cut the full-year operating income outlook.
Stock Warrants Explained: Why They Aren’t Just Long-Dated Calls
Warrants look like call options but are issued by the company and create new shares on exercise — a dilution difference that reshapes pricing and risk.
McKesson to Buy Precision Medicine Group for $2.25B
McKesson unveiled a $2.25B deal for Precision Medicine Group, doubling down on its fastest-growing segment: Oncology & Multispecialty.
Quantum Stocks Rip: RGTI +11%, IONQ +8%, QBTS +8%, QUBT +10%
Quantum computing names surged Friday as IonQ, Rigetti, D-Wave and Quantum Computing Inc. all posted 8-11% gains on Q2 results and fresh analyst calls.
Yankee, Samurai, Kangaroo: Foreign Bonds Explained
Yankee, Samurai, Kangaroo, Panda, Dim Sum — a field guide to foreign-currency bonds: what each is, where it trades, who regulates it, and why issuers use them.