Jersey Mike’s Prices $1B NYSE IPO at $23; JMKE Debuts Today
Blackstone-backed Jersey Mike’s priced its NYSE IPO at $23/share, raising about $1B at a $7.3B equity valuation; JMKE begins trading July 30.
Bruno
Manhattan Associates Pops 21% on Q2 Beat, Raises 2026 Guide
Manhattan Associates jumped 21% July 29 after Q2 revenue of $297.8M, 26% cloud growth, and a raised 2026 outlook. Stifel lifted its target to $225.
Free Cash Flow Explained: FCF, FCFE, and FCFF
Free cash flow: what operating cash flow minus CapEx actually tells you, plus how FCFE and FCFF differ, with Apple, Microsoft, and Alphabet numbers.
Shein Files HK IPO at $40-50B, Discloses U.S. FTC Probe
Shein filed for its Hong Kong IPO at a $40-50B valuation, down from $64B in 2024, while disclosing an ongoing FTC investigation into its U.S. business.
Ford Beats Q2, Raises 2026 Guide to $10-11B Adjusted EBIT
Ford reported Q2 2026 revenue of $48.3B and adjusted EPS of $0.42, then raised full-year adjusted EBIT guidance to $10-11B. Shares jumped 5% pre-market.
Interest Rate Swaps Explained: Fixed-for-Floating and SOFR
How an interest rate swap turns floating debt into fixed. Mechanics, a $100M worked example, SOFR after LIBOR, and Dodd-Frank clearing.
M&A Push Puts July IG Bond Sales on Pace for Decade High
Bank of America projects $130 billion of July U.S. investment-grade issuance, just shy of 2015’s record, as M&A financing and Big Tech capex flood the tape.
Amkor Tumbles 25% as Cautious Q3 Guide Overshadows Q2 Beat
Amkor Technology posted a record Q2 with $1.90B in sales, but a soft Q3 guide and heavy AI-packaging capex sent AMKR down nearly 25% on July 28.
Preferred Stock vs Common Stock: What’s the Difference?
Preferred stock vs common stock: voting rights, dividend priority, liquidation order, cumulative vs non-cumulative, and where preferreds fit.
Warsh’s Second FOMC: Bonds Brace as Inflation Runs Hot
Kevin Warsh’s second FOMC meeting begins today with the fed funds rate at 3.50-3.75% and PCE at 4.1%. Here is what bond investors are watching.