#finance

Curious if anyone has received their 401k settlement deposit. If so, are you still an active employee, or are you a past employee with a still-active Empower 401k.

This isn’t investment advice. Just sharing something I read because there was a lot of hype around the SpaceX IPO on this very forum.

https://x.com/gnoble79/status/2076080526042038465

The largest IPO in history is also shaping up to be the largest exit liquidity operation in history

SpaceX went public at more than 90x revenue, and the insiders who bought in at a fraction of today's price are about to start selling their shares to you.

Let me walk you through why this IPO is built to separate retail investors from their money:

SpaceX has NEVER turned a profit and lost close to $5 billion last year.

At the offering you were paying more than 90x revenue and at the peak the market briefly valued it near 140x.

30 years ago the head of Sun Microsystems explained in detail why paying even 10x revenue almost always ends in tears, and he was right.

But listen closely, because the valuation is not even the real story.

The scarcity is what CREATED this valuation in the first place, and the calendar that ki-ls the scarcity is what ki-ls the price.

Less than 5% of SpaceX shares were actually available to trade at the IPO. Then the index committees REWROTE their own rules to fast track the stock into the Nasdaq 100 just 15 trading days after listing, which forced every passive fund and index ETF in the country to buy at the exact moment the float was at its tightest. The Nasdaq inclusion alone forced an estimated $4.3 billion of buying, and the Russell reweighting added roughly $3 billion more.

The supply was minuscule and the buying was mandatory. That's a manufactured squeeze, and it is why the stock went above $225 in its first week.

Now watch what happens next, because this is the part they ain't explaining to you:

The lockup was staggered on purpose, and the entire schedule is sitting in the prospectus for anyone who bothers to read it.

In early August, right after Q2 earnings, 20% of the locked shares come free. Another 10% unlocks early if the stock trades 30% above the $135 IPO price going into the report.

Then tranches of 7% hit the market at 70, 90, 105, 120 and 135 days after the IPO, which means fresh insider supply lands roughly every 2 to 3 weeks from late August through late October.

Q3 earnings triggers the single biggest release of all, another 28%, roughly 1.3 billion shares. On December 8 the 180 day lockup expires entirely. And on June 12, 2027 comes the final wave, when Musk's own 6.4 billion shares, 42% of the whole company, become sellable for the first time.

Add it all up and insiders could be free to sell as much as 44% of the company by early September, which would balloon the tradable float by roughly 900%.

All of that supply lands on a stock the company deliberately packed with retail, because SpaceX reserved close to 30% of the offering for individual investors vs the usual 10%.

This deal created over 4,400 paper millionaires inside the company. You think none of them are looking to cash out?

Early holders are already loading up on puts to lock in what they have.

First they keep the float tiny. Then they let the index rules force the world to buy at the top. Then they release a flood of insider stock into a crowd of retail buyers who were handed the shares up high.

When the price finally breaks the offering level, the people who got in years ago at pennies on today's dollar will hit the bid, and the exit liquidity is your retirement account.

And what are you actually left holding? Strip away the science fiction and the only business inside SpaceX that reliably earns money is Starlink, which produced $1.2 billion of operating income last quarter. A wonderful business worth hundreds of billions on its best day. NOT $2 trillion.

Serious fair value work lands around $30 a share.

Nobody has been a bigger bear on this deal than me. I called it out the moment it started trading, and it is already playing out on schedule as the shares have given back the entire squeeze and slipped below their opening print.

I was Peter Lynch's auto analyst back in 1981 and I have watched every disaster since, and I am telling you this is one of the great wealth transfers of my lifetime packed into a fancy narrative.

Tesla was the biggest misallocation of capital in the history of stock markets. SpaceX may have just surpassed it.

SPCX goes straight onto my short list, and the beauty of this setup is that the catalyst is not a guess or something, it is literally a PUBLISHED CALENDAR.

This is the most grossly overpriced stock at scale that I have ever seen.

Does severance come out of a managers budget? If so, what if they didn’t budget enough $$ for severance (they layoff more people than originally predicted)?

So with the finance forum, the intent was clarity. However, if we expect finance personnel to engage with broader opinion, do they need to be finance specialists? I take that to mean that we don’t need finance majors any longer. Appreciate the additional clarity, Leadership!

How much do you want to bet that Fiserv does sell to those big banks but the deal still has Fiserv operating the network. Meaning basically nothing changes other than some money. This allows the banks to bypass the regulations and Fiserv keeps doing its thing. Imagine how difficult it would be to pull Star out of Fiserv at this point, I would say a minimum of 5 years to unwind that beast.

Electric vehicle maker Rivian is planning to sell 75 million shares of its stock. This move is intended to raise funds for equity contributions required by a U.S. Department of Energy loan. The company is working to meet the terms of this significant energy loan. This offering represents a substantial effort by Rivian to secure necessary financing. The sale aims to fulfill financial obligations tied to federal energy funding.

South San Francisco, California

https://www.chicagobusiness.com/manufacturing-logistics/ccb-rivian-selling-shares-20260706/

https://www.reuters.com/business/finance/big-us-banks-explore-fiserv-network-deal-wsj-reports-2026-07-06/

Anyone else not have their money go into their account after this last paycheck on Thursday?

FB now ML ... leaving with a lot of cash ... what's next?

Here is the comprehensive statistical breakdown for General Motors in 2026, based on their latest Q1 reporting and updated full-year projections.

Key insight: GM's profitability is currently being driven heavily by their unified "Ultium" battery architecture, which is driving down manufacturing costs across their next-generation fleet, alongside a highly profitable mix of traditional gas-powered trucks and SUVs.

GM's first quarter demonstrated significant margin expansion, driven by disciplined cost management and higher-margin truck and SUV sales.

Revenue $43.62 billion Down 0.9%
EBIT-Adjusted $4.25 billion Up 21.9%
Net Income $2.62 billion Down 5.7%
EPS (Diluted-Adjusted) $3.70 per share Up 33.0%
GMNA EBIT-Adjusted $3.66 billion Up 11.4%
GMNA Margin 10.1% Up 1.3 ppts

In late April, GM raised its full-year EBIT guidance by $500 million. This was triggered by a favorable U.S. Supreme Court decision regarding certain tariffs paid under the International Emergency Economic Powers Act (IEEPA), lowering their expected gross tariff costs for the year to a range of $2.5B - $3.5B.

EBIT-Adjusted $13.5 billion - $15.5 billion
Net Income $9.9 billion - $11.4 billion
EPS (Diluted-Adjusted) $11.50 - $13.50
Automotive Free Cash Flow $9.0 billion - $11.0 billion
Capital Expenditures $10.0 billion - $12.0 billion

GM maintained its core volume leadership while aggressively growing its EV footprint in the first half of the year:

• Overall Market: Maintained overall sales leadership in the U.S. and Canada.
• Trucks: Led the U.S. industry in full-size pickup sales with a 42% market share.
• Fleet: #1 in fleet and commercial deliveries.
• Electric Vehicles (EVs): Now ranked #2 in U.S. EV sales with growing market share, and #1 in Canada.
• Crossovers: Since refreshing their lineup in 2023, crossovers have grown from 40% to over 46% of total GM sales.
• China: Reported its 6th consecutive profitable quarter in China (Equity income of $165 million in Q1).

GM is aggressively returning capital to shareholders while scaling its high-margin software business.

• Share Buybacks: The company retired $800 million in shares in Q1 alone, reducing diluted outstanding shares to 926 million (down from 1.002 billion). This is part of a larger $6.0 billion share repurchase authorization approved in early 2026.
• Dividends: Raised the quarterly dividend by 20% to $0.18 per share (a $0.72 annualized yield).
• Software (OnStar/Super Cruise): Deferred software revenue is projected to end 2026 at $7.5 billion. GM expects to realize an additional $400 million in recognized software revenue in 2026, which operates at roughly a 70% gross margin.

It appears that General Motors is doing extremely well, which begs to the question:
Why the urgency to cut costs?

Why do we keep seeing these bull headlines for Nike with nothing to back it up to show that they can do it. This says Nike could have a 40+ % swing my July of Nike year. What are you thoughts?

https://finance.yahoo.com/markets/stocks/articles/prediction-nike-stock-set-25-141550863.html

My ESPP investment period began in January 2024 at just under $40 per share (first purchase in June 2024). But now, at the end of June, I made another purchase at $40. I thought it was only valid for two years—or does the period start from the first payment?
Thanks guys!

It’s not what’s for dinner…... Shake up the company and bake the books. Still waiting for growth mode

https://finance.yahoo.com/markets/stocks/articles/oppenheimer-downgrades-t-stock-spacex-221700914.html

Metric Value
Price on July 1, 2020 $23.40
Price today $20.72

Cumulative price return -11.5%
Holding period 6.00 years
Annualized price return (CAGR) -2.0%

I had $98,000. Company spun off. Now I have 48,000.

It shows I have nothing in Honeywell technologies. I only have money in Honeywell aerospace.

This is what did. You get one share of Honeywell aerospace for every two shares of Honeywell technology. Which gets this new total. However, I’m supposed to have the rest of the money in Honeywell technology. They don’t have a right to steal $50,000. This is a rough estimate.

Oracle is the only major hyperscaler funding its AI buildout with massive debt and deeply negative cash flow (compared to cash-rich peers like Microsoft, Amazon, and Google) If backlog conversion stalls or financing terms tighten, the leverage introduces extreme risk

How much does the current Verizon's C-Suite understand and know?

If you want to know why the company is doing what it is doing, here’s a small lesson in Private Equity and Leveraged Buyouts. Basically, a larger company finds a smaller healthy company that has employees that they are paying well and has invested a lot of money in research and development. They buy that company with debt, fire the workers, disband R&D and offload debt. They then use all the money doing that generates to pay themselves. This has been an ongoing trend the last 20 years and has ramped up in the last 10. This is in turn destroying the working class by making all these companies like zombie versions of themselves.

In the 1970’s when THEY DEREGULATED THE STOCK MARKET AND THE FINANCE INDUSTRY, PRODUCTIVITY DIVERGED FROM WAGES. If we were to bring back the New Deal Reforms from the 50s/60s, we would close the gap of productivity & wages, and it would make normal people wealthier as opposed to bankers and financiers.

Crypto mergers and acquisitions surged in the first half of 2026. Deal volume reached $9.37 billion, a 26x increase from last year. A Bitcoin market downturn forced many crypto companies to cut staff. Traditional financial firms are acquiring crypto licenses and infrastructure. They prefer buying these assets rather than building them internally.

https://letsdatascience.com/news/wall-street-drives-937b-crypto-ma-amid-layoffs-73c1329d

https://www.quiverquant.com/news/Kyndryl+Holdings%2C+Inc.+%28%24KD%29+Chairman+and+CEO+2026+Pay+Revealed

Hopefully there won't be any layoffs in the near future, but there are some things you can do to be prepared in advance in the event you are impacted by a layoff.

Do not keep anything personal on your work PC. Usually, when you are laid-off, you lose immediate access to your PC and that may mean losing anything that you had on there that was actually yours. Think photos, personal documents, personal emails, etc.
Keep personal, non—confidential examples of your work, performance appraisals, pay information, raises and other work-related items in a place where you can access it if you can no longer access your work PC. You may need the work examples if you have to look for another job. Again, make sure you are not taking any documents that would be considered company confidential.
Keep an updated list of your contacts that you can access if you lose access to your work PC. Those contacts in your network may be essential if you are looking for work. They may be aware of jobs and can also be references. Or, these are just people you want to keep in touch with.
Layoffs are widespread right now and for many, they are lasting much longer than expected. Do a personal financial review to determine how financially prepared you are for a long layoff. Start putting some emergency money away if you need to.
Update your resume and LinkedIn profile. Get active on LinkedIn and demonstrate your expertise more publicly.
Follow Dan Goodman on LinkedIn. He does a great job in helping people understand their rights as employees and provides excellent advice on a broad range of employment topics.
What are some other things you would recommend to help someone be prepared for a possible layoff?

In the name of all that is holy, why is IT Leadership allocating scarce resources (headcount and salary & benefits) to fund this ITBM team? As you might guess this team is part of Strategy & Services department. The people in these positions do not have any real IT experience so you have to hold their hand on every discussion of anything IT related. Look at the salary range of these positions.....REALLY? FOR REAL?

IT Business Management Finance Leader: The expected compensation range for this position is $221,591 - $270,834, which includes base pay plus variable incentive pay, if eligible.

IT Finance Business Analyst:
The expected compensation range for this position is $124,127 - $151,710, which includes base pay plus variable incentive pay, if eligible.

let’s save money. need a raise and getting rid of one of Verizon’s weakest departments would help.

Vendors are worried after Q2 optimum can’t make payments. Sad

Should i move to enb calgary when offered a position in finance. Convince me not to

They just announced official targeted offshoring in the Finance division. It continues to get worse of course

A new Forbes report evaluated the financial health of private, non-profit colleges. Eight New Jersey private institutions received the lowest possible grade, a "D". These schools face concerns about their financial futures. Factors cited include a shrinking pool of high school graduates and enrollment shifts. Several affected colleges stated they have made recent financial improvement

https://www.msn.com/en-us/money/careersandeducation/these-8-nj-colleges-are-in-serious-financial-trouble-new-report-warns/ar-AA25RSz6

Metric Value
Price on July 1, 2020 $23.40
Price on June 17, 2026 $22.54

Cumulative price return -3.7%
Holding period 5.96 years
Annualized price return -0.6%

Seems like many were told to work remote and there are update meetings again.

How are we paying for this??

As the following article concludes, Oracle has debt obligations around a quarter of a billion dollars.

What is the interest on that amount?
Does everything have to happen perfectly for 15 years to pay that off?
What is plan B?

https://finance.yahoo.com/markets/stocks/articles/oracle-debt-fever-only-prescription-140741343.html

Sunday June 21st is payday but friday the 19th all banks are closed. Any idea on what day we will get our checks?

We used to see financial analysis of Oracle after earnings in this channel talking about layoffs. Any thing happening ?

https://www.fitchratings.com/entity/mutual-of-america-life-insurance-company-80091235

Rating Action Commentary

Fitch Revises Mutual of America's Outlook to Stable; Affirms IFS Rating at 'BBB+'
Fri 12 Jun, 2026 - 9:49 AM ET

Fitch Ratings - New York - 12 Jun 2026: Fitch Ratings has affirmed the Insurer Financial Strength (IFS) rating of Mutual of America Life Insurance Company (Mutual of America) at 'BBB+'. The Rating Outlook has been revised to Stable from Negative.

The revision of the Outlook reflects Mutual of America's continued balance sheet strength while executing on its strategic turnaround plan. The company produced a modest operating loss in 2025; however, core profitability improved yoy and Fitch views the plan as credible to further improve results through expense reductions and revenue expansion.

Mutual of America's rating is underpinned by its very strong capital position, demonstrated by its regulatory capital ratio, Prism capital model score and its lack of financial leverage. The rating is also highly influenced by the company's business profile, which reflects Mutual of America's position within the niche non-profit, small case retirement plan market and its differentiated approach to distribution, emphasizing underserved and underpenetrated portions of the market. The rating is currently constrained by Mutual of America's challenged profitability.

Key Rating Drivers
Pressured Profitability: Mutual of America's 'BBB+' IFS rating is one notch below the implied IFS rating of 'A-' due to its financial performance and earnings, which is the weakest link. The company reported net income of $2 million for 2025, compared with a net income of $53 million in 2024 and a net loss of $236 million in 2023. Positively, operating results improved yoy with a modest net loss of $15 million in 2025 compared with an operating loss of $155 million in the prior year, excluding the company's sale of the remaining stake in its home office building in New York City. In 1Q26, the company produced a net operating gain of $3 million. Fitch expects a slight loss for the full year 2026, followed by modest profitability in 2027. Profitability will be driven largely by continued reductions in expenses including vendor efficiency, contract rationalization, reduced real estate footprint and workforce optimization.

Does the Gentiva Hospice divestment mean anything or just a fund raising move to generate cash to prop stock price up?

Did anyone get their quarterly dividend direct deposited yet? Yesterday was the date and didn’t see it hit account yet

We are a meme stock