Salesforce Q2: cRPO +14%, Guide Raised $200M, Stock +10%
Salesforce Q2 FY27 delivered $11.3B revenue, cRPO up 14% Y/Y, and Agentforce ARR past $1.5B. Full-year guide raised $200M. CRM +10% pre-market.
PCE vs CPI: Which Inflation Number the Fed Actually Watches
The Fed targets PCE, not CPI. Here is what each measures, why they diverge, and what the July 2026 readings tell you before Jackson Hole.
US IPO Market 2026: $145.8B Raised, 6x Last Year
US IPOs have raised $145.8B YTD 2026 — a 542% jump from 2025 — with SpaceX, SK hynix and Cerebras driving mega-deal proceeds despite 25% fewer listings.
Nvidia Q2 FY27: $96.2B Beat, Guides Q3 to $108B ±2%
Nvidia posted $96.2B in Q2 FY27 revenue — a $5B beat on its own guide — with data center at $89B, EPS at $2.46 and Q3 set at $108B.
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.
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.