A $60B tech acquisition marks the aggressive start of SpaceX’s post-IPO capital strategy. Space Exploration Technologies Corp. — more commonly known as SpaceX — is not letting proceeds from the largest initial public offering in history sit on the launchpad, and piquing the Street’s curiosity on its cash management strategy. The day after its IPO…
The UK government will review the rules governing defined benefit pension transfers after an asset manager used existing legislation in a way regulators had not anticipated, taking on a scheme’s assets and liabilities through a mechanism designed for corporate restructurings. Pensions minister Torsten Bell, who sits across both the Treasury and the Department for Work…
Labs are rethinking banking, as AI remains king, but human insight directs banking improvements. So, the robot banker remains a long way off. But S&P Global estimates that up to 59% of financial institutions worldwide were actively using artificial intelligence in 2025. Beyond simply relying on technology for research (“Summarize new anti-money laundering mandates for…
ASX has admitted misleading conduct over its CHESS replacement project, putting one of Australia’s core market infrastructure operators under scrutiny over disclosure controls, technology governance and operational risk. The Australian Securities and Investments Commission and ASX will ask the Federal Court to find that ASX contravened the law, impose an A$20.5 million penalty and order…
War-torn Libya is pumping oil at its fastest pace in more than a decade, averaging about 1.4 million barrels per day in April, according to National Oil Corp. operating data. Still, refining capacity, distribution networks, and subsidy-financed imports remain strained by years of institutional division since the 2011 conflict, when production fell sharply from about…
Most older adults hope to remain at home while their health, judgment, and mobility still permit a safe routine. That wish depends on more than preference alone. It often rests on steady supervision, timely help with personal tasks, and early attention to subtle physical decline. Strong home care can preserve function, reduce avoidable setbacks, and…
Flutter has announced plans to delist its ordinary shares from the London Stock Exchange, leaving the New York Stock Exchange as its sole trading venue and pushing another high-profile company away from the UK market. The Paddy Power, Betfair and FanDuel owner said the London delisting is expected to take effect at 8am on August…
Federal Reserve scrutiny of artificial intelligence use at financial companies is increasing, with the OCC and FDIC also pressing banks on AI controls, vendor risk, data access and governance. The shift gives CFOs and finance directors a clear signal that AI adoption in banking is moving from innovation budget to supervisory evidence. The focus is…
SpaceX-linked leveraged ETF launches have been pushed back after the company’s record IPO, placing the SEC, Nasdaq, Cboe Global Markets and ProShares at the centre of a market-structure test around high-risk retail products. The delay affects asset managers seeking to offer amplified exposure to SpaceX shares immediately after the public debut, including Tradr ETFs, ProShares,…
FS KKR Capital Corp, Blue Owl Capital and Oaktree Specialty Lending are facing renewed scrutiny after fresh data showed private credit dividends are becoming less securely covered by cash income across the listed BDC market. The pressure matters for CFOs and finance directors because business development companies have become an important channel between institutional capital,…