πŸ“Š Disney boosts dividend amid success

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸ”‹ CleanSpark completes $1.15 billion notes offering
πŸ’³ Credit Acceptance finalizes $500 million financing
πŸ“Š Mutual funds boost middle-class investment
πŸ›’οΈ Harvest Midstream acquires $1 billion assets from MPLX
🎒 Disney boosts dividend amid profit beat
🎁 +8 more stories you might like
πŸ”‹ CleanSpark Secures $1.15 Billion in Upsized Convertible Notes Offering Link
  • CleanSpark completed a $1.15 billion convertible notes offering aimed at institutional investors.
  • The company repurchased 10.9% of its outstanding shares for $460 million.
  • Proceeds will fund power portfolio expansion and data center infrastructure development.
πŸ’³ Credit Acceptance Completes $500 Million Asset-Backed Financing Link
  • Credit Acceptance finalized a $500 million asset-backed financing to repay higher-cost debt.
  • The financing involves the transfer of $625.2 million in loans to a special purpose entity.
  • The company maintains $2 billion in unused borrowing capacity post-transaction.
πŸ“Š Mutual Funds Drive Middle-Class Investment Growth, ICI Reports Link
  • Mutual fund ownership among middle-income households rose from 43% to 57% over two decades.
  • Employer-sponsored retirement plans are a key gateway, with 73% of fund-owning households participating.
  • Newer fund investors show increasing diversity, with 46% being Asian, Hispanic, or Black.
πŸ›’ Harvest Midstream Expands with $1 Billion MPLX Acquisition Link
  • Harvest Midstream acquired a $1 billion natural gas network from MPLX, expanding its U.S. operations.
  • The acquisition includes 1,500 miles of pipelines and significant processing capacity in key basins.
  • Harvest aims to maintain service reliability while pursuing growth in U.S. energy production areas.
🎒 Disney Boosts Dividend and Buyback as Parks and Streaming Thrive Link
  • Disney announced a 50% dividend increase and doubled its share buyback plan for fiscal 2026.
  • Profit gains in parks and streaming offset declines in traditional TV, leading to an earnings beat.
  • Disney added 12.5 million subscribers to its streaming services, hitting 196 million total.

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