Mike Novogratz's Galaxy Digital (GLXY) is selling $1.15 billion in exchangeable notes in a private deal, upsizing from last night's originally offered $1 billion. Estimated net proceeds of $1.127 billion (or $1.274 billion if the full $150 million greenshoe option is exercised), said the company. The notes, carrying an annual interest rate of 0.50% and maturing May 1, 2031, are exchangeable at an initial rate of 17.9352 shares per $1,000 principal amount—equivalent to an exchange price of about $55.76, a ...

Group 1: AI Spending and Market Impact - AI spending is crucial for the market, with significant capital expenditures (capex) from major tech companies, but the monetization of this spending remains uncertain [1][2] - The "Magnificent 7" tech companies account for nearly one-third of all S&P 500 capex, yet their free cash flow growth has shifted from over 60% positive year-over-year to slight negative [3] - There is an increasing trend of companies utilizing debt for deals rather than relying on cash flow, indicating a shift in financial strategies [4] Group 2: Earnings Season Insights - The "Rule of 40" remains relevant as companies balance growth and profitability, with a focus on the difference between top-line and bottom-line growth [4][5] - In the current earnings season, four out of eleven sectors show a decelerating pace of profit margins, while six sectors are experiencing a decline, with overall profit margins just under 13%, which is better than expected [6] - Key sectors with stronger profit margins include tech, financials, utilities, and basic materials, while communication services show slight deceleration in profit margin growth [6][7] Group 3: Broader Economic Commentary - The commentary from companies during the earnings season provides insights into the macroeconomic landscape, suggesting resilience in demand despite the lack of government-issued data [7][8]

秉持"以客户为中心"的理念，Doo Group 凭借前瞻的视野与扎实的全球布局，持续为来自 190 多个国 家和地区的 52 万余名客户提供值得信赖的专业服务，为每一位客户的全球发展与财富成长保驾护航。 十一年展望：持续深化全球影响力 全球布局打造贴心服务 目前，Doo Group 通过布局全球券商业务、财富管理、支付兑换以及金融科技等核心业务线，致力于 构建一个真正以客户需求为导向的一站式服务生态。核心券商业务 Doo Financial 以安全合规的交易环 境与领先的技术支持，助力专业投资者从容把握全球市场机遇；Doo Wealth 则依托全球资源网络，为 高净值人士量身打造财富规划与跨境资产配置方案，守护资产稳健增值。 同时，Doo Payment 通过智能支付系统，让跨境资金流转更快捷、更省心；而 FinPoints 与 Doo Cloud 作为科技基石，持续为合作机构注入数字化转型的动力。此外，Doo Digital Plus 以精准的数字 化营销陪伴企业成长，拓展品牌全球影响力；Doo Health 则延伸服务边界，关怀客户身心健康，传递 温暖价值。这些业务线紧密联动，共同陪伴客户在全球化旅程中行 ...

Core Insights - Super Micro Computer, Inc. (SMCI) achieved record-breaking results for the STAC-M3 benchmark in collaboration with Intel and Micron, showcasing their leadership in high-performance computing solutions for financial services [1][2]. Benchmark Overview - The STAC-M3 benchmark focuses on real-time quantitative trading, measuring query response times in a multi-user environment, which is critical for algorithmic trading and risk management [3][4]. - It consists of two test sets: Antuco, simulating smaller datasets, and Kanaga, which uses a significantly larger dataset to reflect real-world conditions [4]. Performance Highlights - The configuration set new world records on 19 of 24 Kanaga benchmarks, including all 10 benchmarks for 50 and 100 users, and 3 of 5 throughput benchmarks [4]. - The Supermicro dual-CPU Petascale server completed the 100-user benchmark 36% faster than previous records while using 62% fewer CPU cores [5]. Technological Collaboration - The collaboration between Supermicro, Intel, Micron, and KX Software has resulted in significant advancements in performance and efficiency, crucial for high-frequency trading environments [2][5][8]. - The test configuration utilized six Supermicro storage servers, showcasing a total storage capacity of 1.6 PiB, which is more than six times the capacity of previous record-holders [5][7]. Industry Impact - The results indicate that financial firms can analyze billions of tick data points daily, enhancing their ability to respond to market changes and optimize profits [5][6]. - KX Software's kdb+ database continues to set performance records, emphasizing the importance of speed and efficiency in transforming trading strategies [9].

Credit Acceptance (NASDAQ:CACC) announced on Tuesday the retirement of CEO and President Kenneth Booth as of January 31, 2026.Shares were -1.49% pre-market to $495.60.Booth will remain a board member.The board has appointed Vinayak Hegde CEO and president, effective November 13.Hegde currently serves on the company’s board, and most recently served as consumer chief marketing officer at T-Mobile US (TMUS). ...

Core Insights - Three stocks are highlighted with a buy rank and strong value characteristics as of October 28th: Bread Financial, CNA Financial, and AllianceBernstein [1][2][3] Company Summaries Bread Financial (BFH) - Offers personalized payment, lending, and saving solutions - Holds a Zacks Rank 1 (Strong Buy) - Zacks Consensus Estimate for current year earnings increased by 7.3% over the last 60 days - Price-to-earnings ratio (P/E) is 7.31, significantly lower than the industry average of 19 - Possesses a Value Score of A [1][2] CNA Financial (CNA) - Operates as a property and casualty insurer - Holds a Zacks Rank 1 (Strong Buy) - Zacks Consensus Estimate for current year earnings increased by 2.2% over the last 60 days - Price-to-earnings ratio (P/E) is 9.90, compared to the industry average of 12.70 - Possesses a Value Score of A [2] AllianceBernstein (AB) - Provides diversified investment management services primarily to pension funds, endowments, and individual investors - Holds a Zacks Rank 1 (Strong Buy) - Zacks Consensus Estimate for current year earnings increased by 0.9% over the last 60 days - Price-to-earnings ratio (P/E) is 11.87, lower than the industry average of 13.30 - Possesses a Value Score of A [3]

Core Viewpoint - Bread Financial Holdings, Inc. plans to offer $500 million in senior notes to redeem its outstanding 9.750% Senior Notes due 2029, totaling $719 million [1][2]. Group 1: Notes Offering - The company intends to offer $500 million aggregate principal amount of senior notes in a private offering exempt from registration requirements [1]. - The offering is subject to market and other conditions, with no assurance of successful completion [3]. - The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers or non-U.S. persons [4]. Group 2: Use of Proceeds - The net proceeds from the notes offering, along with approximately $275 million in cash, will be used to fully redeem the outstanding 2029 Notes, including any make-whole premium [2]. Group 3: Company Overview - Bread Financial is a tech-forward financial services company providing personalized payment, lending, and saving solutions to U.S. consumers [6]. - The company offers general purpose credit cards and savings products, supporting recognized brands in various sectors through private label and co-brand credit cards [6].

Group 1 - Coinbase has announced a strategic partnership with private equity firm Apollo to jointly launch a credit strategy based on stablecoins [1] - The collaboration aims to introduce an innovative credit investment product by 2026 [1]

MINNEAPOLIS, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Jefferson Capital, Inc. (NASDAQ: JCAP) (“Jefferson Capital”), a leading analytically driven purchaser and manager of charged-off, insolvency and active consumer accounts, announced today that it has amended and extended its senior secured revolving credit facility via a syndication led by Citizens Bank. Key components of the amendment include, among other items: An increase of the aggregate committed capital by $175,000,000 to $1,000,000,000A reduction of the i ...

Group 1: Bread Financial (BFH) - The company is a tech-forward financial services provider offering personalized payment, lending, and saving solutions [1] - The Zacks Consensus Estimate for its current year earnings has increased by 7.3% over the last 60 days [1] - The company has a Zacks Rank of 1 (Strong Buy) and a dividend yield of 1.3%, compared to the industry average of 0.0% [1] Group 2: CNA Financial (CNA) - CNA Financial offers commercial property and casualty insurance products primarily in the United States [2] - The Zacks Consensus Estimate for its current year earnings has increased by 2.2% over the last 60 days [2] - The company has a Zacks Rank of 1 (Strong Buy) and a dividend yield of 4.1%, compared to the industry average of 0.7% [2] Group 3: Valley National Bancorp (VLY) - Valley National Bancorp provides a range of financial services including commercial, retail, insurance, and wealth management products [3] - The Zacks Consensus Estimate for its current year earnings has increased by 1.1% over the last 60 days [3] - The company has a Zacks Rank of 1 (Strong Buy) and a dividend yield of 4%, compared to the industry average of 2.7% [3]