How Chapter 11 Bankruptcy Works: Restructuring, Debt, and Stock
Discover how Chapter 11 bankruptcy works, including DIP financing, the absolute priority rule, creditor voting, and what really happens to common stock.
Capital Markets
Explore how companies and governments raise money through equity and debt markets. Read coverage of financing, public offerings, transactions and market structure alongside educational guides. Find your way around ECMSource.
How Automated Market Makers Work: AMMs and Impermanent Loss
Learn how automated market makers use liquidity pools and constant product formulas to price trades, and how to calculate impermanent loss.
S&P Global Buys OpenZeppelin to Rate Onchain Risk
S&P Global agreed to acquire OpenZeppelin to integrate smart contract audits and onchain risk metrics into institutional credit rating frameworks.
Price-Weighted vs. Market-Cap-Weighted: How Stock Indices Work
Learn how price-weighted and market-cap-weighted indices work, how the Dow Divisor functions, worked math examples, and the key distortions of each method.
Private Credit Divide: 12% of Small Loans Face Distress
Houlihan Lokey’s DataBank reveals a divide in private credit: distressed loans jumped to 12% for small borrowers while mega-cap direct lending holds firm.
Larry Ellison Cancels $7.5B Oracle Share Sale After 10-Q Drop
Larry Ellison canceled a plan to sell 50 million Oracle shares after SEC disclosures revealed the sale, as ORCL faces AI capex pressure and margin scrutiny.
Relative Strength and Momentum: Why Leadership Matters
Learn how relative strength and momentum identify market leaders, why institutional capital creates the momentum premium, and how to spot leadership.
Why Southwest Cuts 17 Atlanta Routes in Major Network Reset
Southwest Airlines slashes 17 Atlanta routes as load factors drop to 73.2%, shifting capacity to Nashville amid pressure from activist Elliott Management.
PayPal Pauses Ventures Portfolio Sale as Bids Cap at 60 Cents
PayPal has paused the sale of its PayPal Ventures portfolio after secondary-market bids topped out near 60 cents on the dollar, exposing a VC discount.
T+1 Settlement: How Stock Trades Now Clear in One Day
T+1 settlement means US stock trades settle one business day after execution. Here’s the mechanics, timeline, and what changed for investors.