CLOs Explained: How Collateralized Loan Obligations Work
What is a CLO? How collateralized loan obligations slice up leveraged corporate loans into rated tranches and where the AAAs actually stand.
Bruno M.
Alphabet’s Record $3.6B Yen Bond Funds Its AI Capex Spree
Alphabet sold ¥576.5B ($3.6B) of yen bonds on May 15, 2026 — the biggest foreign issue ever, beating Berkshire’s 2019 record. Why Tokyo, why now.
Nvidia Drops 4% as China Stalls H200 Chip Purchases
Nvidia slid as much as 4% intraday on May 15 after Trump said Beijing won’t let Chinese firms buy approved H200 chips — stalling a $3.5B annual revenue opportunity.
IPO vs Direct Listing vs SPAC: How Companies Go Public
A side-by-side guide to the three paths to public markets — traditional IPO, direct listing, and SPAC merger — with real examples and trade-offs.
Fed’s Miran Resigns, Handing Trump a Fresh Board Vacancy
Stephen Miran resigned from the Federal Reserve Board on May 14, 2026, giving President Trump another seat to fill ahead of the June FOMC.
KOSPI Plunges 6% on Samsung, SK Hynix Memory Selloff
KOSPI fell 6.12% as Samsung Electronics dropped 8.6% and SK Hynix lost 7.7%, off record highs. What the Korean memory selloff signals for AI chip stocks.
What Is the P/E Ratio — and When Does It Mislead?
P/E in plain English: the formula, a worked example, sector ranges from NYU’s Damodaran, and why the Shiller CAPE near 42 sits within a whisker of the 1999 peak.
BoJ at 0.75% Meets the Fed at 3.625%: The Yen Trade Explained
The widest policy-rate gap between Washington and Tokyo since the 1990s is keeping the yen on the back foot. Here is what the May 2026 capital markets picture looks like.
Figma Q1: Revenue Up 46%, Guidance Raised on AI Demand
Figma beat Q1 estimates with $333.4M revenue (+46% YoY) and raised FY26 guidance to $1.422B-$1.428B as AI tools drive paid seat expansion.
Private Credit vs Bank Loans vs Syndicated Loans Explained
Private credit, bank loans, and syndicated loans all finance the same companies. Here is how each channel actually works, and where the money sits.