A 100bp rate rise costs the median filer $2.9m a year
Ninety-three June-quarter 10-Qs price a 100 basis point rise against their own debt, out of 393 that use the phrase, ahead of the 15-16 September FOMC.
19 primary sourcesSection · 6 articles
Market & Macro
Rates, tariffs, and cycles — compared against what actually happened in prior periods, not against forecasts.
Southwest and Target replaced credit lines ending 2031
Southwest terminated a ten-year facility with 725 days left to run; Target, one with 796. Six large US filers did this between 31 July and 17 August.
8 primary sourcesFive ways to fund AI. Only two create interest expense
Alphabet, AMD, Intel and CoreWeave raised $52.35bn for AI capacity in 22 days using five instruments. Where each lands on the statements is not the same.
5 primary sources · 1 correctionInterest costs rose 10%. The median firm paid the same
Interest expense rose 10.1% across 1,519 listed non-financial companies in the first half of 2026, and twenty of them produced three quarters of the rise.
5 primary sources · 1 correctionUS capex overtook buybacks in 2025. Five names did it
Capital spending reached $764.7bn against $727.9bn of buybacks across 361 listed companies, the first time since 2021. Remove five names and it reverses.
5 primary sources · 1 correctionThe Fed has cut since 2024. Interest costs kept rising
Interest expense rose again in 2025 across 191 listed non-financial companies, the second full year of Fed cuts. They pay 40.3% more than in 2021.
5 primary sources · 1 correction