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The US Federal Energy Regulatory Commission (FERC) has granted approval for Blackstone Infrastructure’s acquisition of New Mexico-based energy holding company TXNM Energy. Currently listed on the New York Stock Exchange, TXNM Energy supplies electricity to more than 800,000 homes and businesses in Texas and New Mexico through its regulated subsidiaries, TNMP and PNM. The FERC determined that the proposed transaction aligns with the public interest. The commission cited a lack of evidence that either state or federal regulation would be compromised, or that customer rates or market competition would be adversely affected. It also addressed concerns about Blackstone Infrastructure’s data…

Honeywell International on Monday received a 26% discount on its deal to acquire a business tied to the struggling chemicals industry.

Bank of Beirut UK Ltd has officially gone live with Temenos Core Banking and Payments, marking a significant technological transformation aimed at accelerating its corporate banking growth.The deployment is designed to strengthen the institution’s position as a trusted partner for businesses and correspondent banks operating across the UK, Europe, Africa, and the Middle East.Replacing legacy systems in 15 monthsBy migrating to the Temenos Core platform, Bank of Beirut UK can now offer a comprehensive suite of retail, commercial, and deposit services. Crucially, the system is complemented by specialised trade finance capabilities specifically tailored to support businesses navigating global markets.The implementation…

This week may bring a perfect storm — quite literally — as a bomb cyclone spins off the Northeast coast. Forecasts are calling for 16 to 24 inches of snow and wind gusts as high as 60 miles per hour from Sunday afternoon through Monday evening, just off Long Island. Sounds like a blast. With options expiration now behind us, markets could face their own storm. Roughly $15 billion in T-bill settlements are due on February 24, followed by another $22 billion on February 26. In addition, coupon settlements of $37 billion on February 27 and $59 billion on March…

Corporate earnings have looked surprisingly resilient despite higher interest rates and slowing economic growth. Many companies are still beating profit estimates, and stock prices have responded accordingly. But a closer look at how those earnings are being generated tells a more complicated story. An increasing share of earnings growth is coming not from stronger business performance, but from shrinking share counts. Buybacks are doing heavy lifting in the background, boosting per-share metrics even as revenue growth cools. EPS Growth Is Outrunning Revenue One of the clearest signs of financial engineering is the widening gap between revenue growth and earnings per…

Equinox’s $40,000-a-year membership has a waiting list of more than 1,000 people, as demand for luxury health and wellness programs soars, according to the company’s chairman.The high-end fitness chain’s “Optimize by Equinox,” launched in 2024, is one of the most expensive gym memberships in the world and includes everything from personal training and nutrition to sleep coaching, massage therapy and a “health concierge.” Harvey Spevak, Equinox’s executive chairman, told Inside Wealth that the program has seen remarkable demand and highlights the “insatiable” demand by the wealthy for longevity and wellness products.”Health is the new luxury,” Spevak said. “The No. 1…

DUEL DUCK: A Battle-Tested Social Prediction Market Where Influence Becomes IncomeIn a world where attention is currency and opinion moves markets, Duel Duck is building the infrastructure to monetize social signals at scale.With 44,000+ monthly active users, 200+ active KOLs onboarded, a live product, and $1.4M already raised, Duel Duck isn’t pitching a concept — it’s scaling a working machine.The Big Idea: Turning Influence into MarketsAfter the collapse of speculative InfoFi hype cycles, one truth remained:People trust people more than platforms.But social signal has been fragmented, under-monetized, and structurally wasted.Duel Duck changes that.It transforms creator-driven opinions into prediction markets —…

Key PointsExcitement about the groundbreaking potential of AI has fueled the market’s blistering run over the past three years.Fears that AI could displace a wide range of software offerings have sent some stocks plummeting.Two different reports after the market close on Wednesday could offer insight into the AI-driven future.10 stocks we like better than Nvidia ›During the past three years, the stock market has been on an absolute tear. The broad-based S&P 500 has gained 73%, while the tech-heavy Nasdaq Composite is up 99% (as of this writing). That’s well ahead of the average stock return of 10% annually. Most…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxAnaplan has launched a Singapore-based AWS data center to support local compliance needs and regional growth.The new facility expands the company’s global infrastructure and is aimed at customers in Southeast Asia that require in-country data hosting.Anaplan said the move will improve processing speeds and strengthen security controls, particularly for organisations in the public sector and financial services.The company will host its AI-driven planning and analysis platform on Amazon Web Services infrastructure in Singapore, allowing customers to meet local regulatory requirements while using its planning platform.Amit BaggaAmit Bagga, Managing…

Indonesia’s government spending jumps 26% in January