Is the Stock Market Open on Columbus Day? Market Split Explained
Why U.S. stock exchanges trade as normal on Columbus Day while bond markets close and bank wires pause, plus T+1 settlement mechanics.
Vaxcyte Closes $1.1B Dual Equity and Convertible Notes Deal
Vaxcyte closed $1.1B in net proceeds through concurrent stock and 1.50% convertible senior notes offerings to finance Phase 3 VAX-31 vaccine development.
Stock Split Accounting: Par Value & Balance Sheet Effects
How forward and reverse stock splits affect corporate balance sheets, par value per share, additional paid-in capital, and stockholders equity.
BMW Lease Trust Prices $1.25B Auto ABS Across 5 Tranches
BMW Vehicle Lease Trust 2026-2 priced $1.25 billion in asset-backed notes across five tranches, backed by $1.44 billion in retail vehicle leases.
Gran Tierra Holders Approve $1.33B Latin America Asset Sale
Gran Tierra Energy stockholders approved the $1.33B sale of Colombian and Ecuadorian businesses to Maurel & Prom, positioning the company to become debt-free.
SOFR vs. Treasury Bills: Money Market Spreads Explained
Understand the SOFR-Treasury spread, how secured overnight rates replaced LIBOR and the TED spread, and what money-market dislocations reveal.
Fed Consumer Survey: Heavy Debt Burdens Jump to 8.6% of Families
The Fed’s 2025 Survey of Consumer Finances reveals debt payment-to-income ratios above 40% surged to 8.6%, signaling strain across consumer ABS and credit.
Delta Air Lines Cuts 2026 Profit Outlook on Fuel Surge
Delta Air Lines posted record Q3 revenue of $20.2B but lowered full-year 2026 adjusted EPS guidance to $5.10–$5.60 as fuel expenses jump $6B.
The 90/10 Portfolio: Buffett’s Asset Allocation Rule Explained
Warren Buffett recommended a 90/10 portfolio: 90% in an S&P 500 index fund and 10% in short-term Treasuries. Here is how the strategy works and its risks.
Bain Capital Private Credit Issues $350M Notes, Adds SOFR Swap
Bain Capital Private Credit closed $350M of 7.600% senior notes due 2031 and entered a matching SOFR swap to align liabilities with its direct lending portfolio.