Shivaram Rajgopal

Baton Rouge, Louisiana, USA - February 13, 2022: ExxonMobil Baton Rouge Refinery facility in Baton Rouge, Louisiana, USA. ExxonMobil, is an American multinational oil and gas corporation.

Warned in 1991, ignored for 35 years. The USPS pension crisis isn't a surprise — it's short-termism in slow motion, visible all along in the accounting.

The word SVB bankrupt is written in white chalk on a black blackboard. A close-up. A place to insert text. Bankruptcy of the American bank Silicon Valley Bank

Cerebras raised $5.5 billion in a day. Its S-1 discloses two unremediated material weaknesses, 86% revenue concentration in two customers, and a CEO with a prior conviction for circumventing accounting controls. The stock rose 68%. Nobody slowed down.

Cerebras is the first of a wave. Before SpaceX, OpenAI, and Anthropic arrive at the window, it is worth asking whether the market has stopped pricing earnings quality altogether.

The SEC is dismantling mandatory disclosure to generate a few more IPOs. Three live experiments — the UK, Australia, and the US SPAC boom — and basic arithmetic suggest the trade destroys far more value than it creates.

The SEC is dismantling mandatory disclosure to generate a few more IPOs. Three live experiments — the UK, Australia, and the US SPAC boom — and basic arithmetic suggest the trade destroys far more value than it creates.

The semiannual reporting proposal would degrade credit ratings, derivatives pricing, market making, debt covenants, audits, and the data and index

The semiannual reporting proposal would degrade credit ratings, derivatives pricing, market making, debt covenants, audits, and data and index machinery markets run on.

Risksgetty SEC Chair Paul Atkins is right about one thing: corporate risk factors have become wildly bloated.