Capital Structure Waterfall: Who Gets Paid First in Default
Senior debt, subordinated bonds, preferred stock, common equity — here is the exact order claims get paid when a company defaults, with the GM 2009 worked example.
SpaceX Prices Biggest IPO Ever at $135 — SPCX Debuts Today
SpaceX priced at $135 on June 11 for a $75B raise at a $1.75T valuation — the largest IPO ever, with 30% reserved for retail and Goldman lead-left.
Adobe Drops 6% on Record Q2 as CFO Exit, AI Fear Eclipse Beat
Adobe beat Q2 FY26 estimates, raised FY26 guidance, and disclosed CFO Dan Durn’s departure to Marvell — all in one press release. The stock fell 6%.
Options Greeks Explained: Delta, Gamma, Theta, Vega, Rho
What delta, gamma, theta, vega, and rho actually measure — with worked examples, typical ranges, and the mistakes traders make.
Argentina Bonds Rally as S&P Lifts Sovereign Rating to B-
S&P upgraded Argentina to B- on June 10, 2026 — the first time the country has carried a single-B rating since August 2019. The 2035 notes jumped to 78.9 cents.
Intel Soars 6% as BofA Double Upgrade Pegs $135 PT
Bank of America delivered a rare double upgrade to Intel, lifting its target to $135 and sizing the AI server-CPU TAM at $170 billion by 2030. INTC jumped 6%.
Bond Duration Explained: Why a 1% Rate Move Wrecks Long Bonds
Duration is the single number that explains why a 30-year Treasury can lose roughly 16% in a year when yields rise 1%. Here is how it works, with current data.
Frasers’ €38 Hugo Boss Bid: A 4% Premium, On Purpose
Mike Ashley’s Frasers Group offered €38 a share for Hugo Boss — a 4% premium that’s the story, not the deal size.
Super Micro Plunges 28% as $7B Raise Eclipses $39B AI Backlog
SMCI stock fell 28% on June 10, 2026 after the AI-server maker unveiled $7B in concurrent equity and equity-linked financing to fund its $39B order backlog.
Carry Trade Explained: How It Works and Why It Blows Up
How the carry trade works in plain English: borrow in a low-rate currency, invest in a higher-yielder, pocket the spread — and what causes the unwinds.