Earnings
What Do Adjusted Earnings Leave Out of the Story?
Non-GAAP figures now dominate earnings releases, and the distance between them and audited results is where the real information sits.
Market Today — TRENDS · INDUSTRY · ANALYSIS
Commodities
Why Doesn't the Spot Price Tell the Whole Oil Story?
The futures curve, not the headline price, is where the market stores its expectations about supply, storage and time.
Finance News
Berkshire's Cash Pile Passed $340 Billion — What the Filing Says
The holding company's cash and Treasury holdings hit a record in mid-2025, and the filing itself explains where the money actually sits.
Earnings
Why Does Guidance Move Stocks More Than the Earnings Beat Itself?
A quarter that beats every estimate can still sink a stock while a cautious outlook does the damage — the disclosure rules and market data behind that…
Markets News
How SEC Form 4 Filings Turn Insider Stock Trades Into Public Record
Analysis
Data Centers Now Drive 40% Of PJM's Record Capacity Costs
The grid operator's latest auctions show artificial-intelligence buildout reshaping how much households and businesses pay for electricity, with utilities…
Commodities
Crude Stocks Fell 1.8 Million Barrels — the Data Explains Why Markets Care
Two U.S. government reports, not headlines, do most of the weekly work in commodity prices — here is how the EIA's inventory count and the CFTC's positioning…
Markets News
How Does a Company Actually Get Added to the S&P 500?
Entry turns on published numbers for size, float, liquidity and four straight quarters of GAAP profit, filtered through a committee that never previews its…
Finance News
What Actually Stops Companies From Overstating Adjusted Earnings?
The SEC does not ban non-GAAP earnings. Its guidance, last revised in December 2022, narrows how far the adjustments can go and how they must be shown next to…