Signage is displayed outside the Home Capital Group Inc. headquarters office in Toronto, Ontario, Canada, on Thursday, May 4, 2017.Cole Burston/Bloomberg
Home Capital Group Inc. reports second-quarter results after markets close on Wednesday, with a conference call on Thursday. It will be the first earnings report since U.S. investor Warren Buffett bailed out the company in June, and the first chance for new Chief Executive Officer Yousry Bissada to lay out the company's plans. Story
Equity bears hunting for excess in the stock market might be better off worrying about bond prices, Alan Greenspan says. That's where the actual bubble is, and when it pops, it'll be bad for everyone. Story
DAILY DEALS
At least two of HNA Group's overseas deals have hit a hurdle as the Chinese conglomerate struggles to take money out of China, said four people familiar with the process, amid a widening crackdown by Beijing on debt-fueled corporate acquisitions. Reuters
Social media platform and news aggregator Reddit has closed a $200-million round at a valuation of $1.8-billion, as first reported by Recode. Silicon Valley heavyweights Andreessen Horowitz and Sequoia participated in the funding. Pitchbook
Toronto-based Flexiti Financial, which provides point-of-sale financing and payment technology for retailers, has secured a $6.25-million investment from a group of undisclosed investors. Betakit
Volocopter's dream of creating personalized air transportation has taken another step forward as the company announced today it has received a $30-million investment led by European automotive giant Daimler. Venturebeat
ELSEWHERE IN FINANCE
The national bank regulator is taking a first step toward changing the Volcker rule trading ban, according to people familiar with the matter, as regulators continue behind-the-scenes discussions about revamping the much-criticized regulation. Wall Street Journal (subscription)
The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies. Reuters
WHAT WE'RE READING
The buyout industry is on track to raise unprecedented capital from institutional investors this year. Private-equity firms collected $184-billion (U.S.) in the first seven months of 2017, a pace that may shatter the record in 2007 when buyout funds raised $249-billion. Institutional Investor