Anthropic IPO Update: MS, Goldman Lead; October Launch Eyed
Anthropic taps Morgan Stanley and Goldman Sachs to lead its IPO. Filing now targeting late September, with an October launch and a $15B pre-IPO credit line.
capital markets
NVIDIA to Buy Hugging Face for $12.9B: Deal Terms, Timing
NVIDIA agreed to acquire open-source AI hub Hugging Face for ~$12.9B ($11.9B cash + $1.0B retention equity). Deal targets H1 2027 close.
Jobs Blowout: 162K Hires Force Fed Rate-Hike Bets Back
US employers added 162,000 jobs in August, more than double consensus. Treasury yields ripped and September rate-cut bets flipped to potential hikes.
Credit Ratings Explained: How Moody’s, S&P, and Fitch Grade Debt
Credit ratings are opinions on default risk from SEC-designated agencies. What the scales mean, why the BBB-/Baa3 line moves markets.
Williams Closes $5.5B Momentum Deal, Lifts EBITDA Guide
Williams closed its $5.5B Momentum Midstream buy on Sept. 3, one month after sign, and lifted 2026 adjusted EBITDA guidance to $8.3-$8.5B.
ECB September Preview: Berlin, 3.3% Inflation, Rates in Play
The ECB Governing Council meets in Berlin Sept 9–10 with headline inflation back at 3.3%. Deposit rate 2.25%, bond markets on edge.
Bond ETFs vs Individual Bonds: What Actually Differs
Bond ETFs and individual bonds behave differently in ways most investors miss. Here is what changes for duration, income, tax, and what happens when rates rise.
September FOMC Preview: Three Hawks Meet Friday’s Jobs Report
Fed dot plot lands Sept 15-16 with three July dissenters wanting hikes and the 30-year at 5.27%. Friday’s jobs report is the last read before the vote.
SOFR Explained: How the Post-LIBOR Benchmark Actually Works
SOFR replaced LIBOR as the reference for trillions in dollar debt. Here is how it is calculated, what moves it, and why September 2019 still matters.
Delivery Hero Board Backs Uber’s $14.8B Cash Bid
Delivery Hero’s boards endorsed Uber’s EUR 41.50 per-share cash tender, a EUR 13B (~$14.8B) deal that would forge a 99-country food-delivery giant.