Porsche and Mercedes Are Feeling the Pull of the American Highway

Published on June 24, 2026

A massive profit warning from BMW AG last week delivered yet more evidence that Germany’s automaking business model is broken. With Volkswagen AG’s top executives reportedly worried about existential threats to their company, BMW’s woes aren’t isolated.

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Benchmarks Are Broken: Why Antiquated Methodologies Fail Fixed Income

June 24, 2026
While the market-cap methodology has been the guiding principle for equities index creators, it’s increasingly viewed as a structural error in the world of fixed income. Today, TMX VettaFi is helping to spearhead a growing movement of index innovators who are inclined to challenging the fixed income status quo.

SpaceX’s Quickfire Investment-Grade Rating Brings Out Skeptics

June 24, 2026
SpaceX is seeking to raise between $20 billion and $25 billion from a debut bond offering on Tuesday, after attracting about $30 billion of investor orders even before the sales process had formally begun, according to people with knowledge of the matter. At that size, the deal would rank among the biggest of the year, according to Bloomberg-compiled data.