Wed.Jul 31, 2024

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Macerich (MAC) Q2 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Macerich (NYSE: MAC) Q2 2024 Earnings Call Jul 31, 2024 , 1:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by. Welcome to the second quarter 2024 Macerich earnings conference call. At this time, all participants are in a listen-only mode.

Debt 246
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Ema Adds $36M to Series A Funding

FinSMEs

Ema, a San Francisco, CA-based generative AI company creating the universal employee of the future, added $36M to its Series A funding which now totals $50M. The round was led by Accel and Section 32 with participation from Prosus Ventures, Sozo Ventures, Hitachi Ventures, Wipro Ventures, SCB 10X, Colle Capital and Frontier Ventures. The company, which has […] The post Ema Adds $36M to Series A Funding appeared first on FinSMEs.

Funds 119
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These Were the 5 Biggest Tax Scams That Snagged Small Business Owners

The Motley Fool

Image source: The Motley Fool/Upsplash It's never too early for small business owners to start thinking about taxes. Small business tax season goes all year round -- with quarterly estimated tax payments, payroll taxes, and other tax obligations specific to your state or industry. But unfortunately, small business owners can be uniquely vulnerable to tax scams and misunderstandings.

Taxes 246
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Animal Spirits: How to Pick the Winners

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by YCharts and CME Group: See here for the YCharts Advisor Pulse newsletter! See here for more information on CME Group’s valuable educational materials and trading tools and learn more about what adding futures can do for you. On today’s show, we discuss: The Lion in Winter via Michael Cembalest How to Increase the Odds of Owning the Few Stocks that Drive R.

Education 115
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99.9% of Nvidia's $380 Million Investment Portfolio Has Been Put to Work in These 4 Artificial Intelligence (AI)-Inspired Stocks

The Motley Fool

Arguably no trend has been hotter on Wall Street over the last year and change than artificial intelligence (AI). Put simply, AI allows software and systems to oversee tasks that would normally be assigned to humans. The game-changing growth potential AI brings to the table has everything to do with software and systems being able to learn without human intervention.

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FranShares Raises $4.1M in Seed Funding

FinSMEs

FranShares, a Chicago, IL-based provider of a platform for franchise investing, raised $4.1M in seed funding. The round, which brought brings total capital raised to date to $5.76M, was led by Chicago Ventures. The company intends to use the new capital to expand its business and launch a secondary marketplace later this year. Founded by […] The post FranShares Raises $4.1M in Seed Funding appeared first on FinSMEs.

Funds 111

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iotaSciences Raises Equity Financing Round

FinSMEs

iotaSciences, an Oxford, UK-based leader in single-cell biology handling solutions, raised an equity funding round of undisclosed amount. Backers included Oxford Science Enterprises, and the Oxford Innovation EIS Growth Fund managed by Oxford Innovation Finance. The company intends to use the funds for ongoing commercial activities in Europe, the U.S and Asia and further development […] The post iotaSciences Raises Equity Financing Round appeared first on FinSMEs.

Financing 109
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Instead of Buying the Dip on "Magnificent Seven" Stocks Like Nvidia and Tesla, Consider These 3 Growth Stocks

The Motley Fool

The S&P 500 and Nasdaq Composite are still up big on the year. But a pullback in mega-cap growth stocks, including the "Magnificent Seven, " has sent the major indexes down. Tesla is in the negative year to date, while Nvidia is down over 10% in the last month. Despite the sell-off in these popular names, there could be even better stocks out there to buy now.

Prospects 246
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The latest takeover bid for Paramount is a little unusual

Financial Times M&A

Blonde ambition

Bidding 109
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3 of the Smartest 401(k) Moves You Can Make for a Successful Retirement

The Motley Fool

Retiring on Social Security alone isn't an idea that should excite you. With the average retired worker today collecting just $1,918 a month, or roughly $23,000 a year, those benefits aren't a lot of money to live on by themselves. That's why it's so important to build savings of your own. And if you have access to a workplace 401(k), you may be inclined to sign up for it.

Taxes 246
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Extreme weather has hit the insurance sector. So why are share prices rising?

Financial Times: Moral Money

Insurers are under investor pressure to manage climate risks

Investors 108
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3 Little-Known Perks of Costco Optical

The Motley Fool

Image source: Getty Images As a bespectacled American, I have spent many, many hours of my life in optical centers and ordering glasses and contacts. There's not really anything fun about it. But as it turns out, Costco has its own optical center, which I literally did not realize until I started researching this article. The good news is that these optical centers have a lot of perks that many Costco members have no idea about.

Companies 246
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Bill Ackman wanted $25bn. He got zero

Financial Times M&A

Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy

Funds 104
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Depositing $15,000 or More in Your Bank Account? Here's What You Need to Know

The Motley Fool

Image source: Getty Images If you're getting ready to deposit $15,000 in your bank account , there's something you should know before you head to the bank. Since you're making a large deposit, special rules apply. These rules are established by the Bank Secrecy Act. They actually apply to any deposit over $10,000 -- and deposits of $15,000 or more fall within this category.

Banks 49
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CBiz to buy Marcum in $2.3bn US accounting deal

Financial Times M&A

Takeover of the Spac-focused auditor creates a twist in the profession’s wave of consolidation

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This Is the Best Stock-Split AI Stock to Buy Right Now

The Motley Fool

The rise of artificial intelligence (AI) has led to massive stock gains for some companies. In a few cases, the increase was so significant that it prompted a company to initiate a stock split. Admittedly, the stock split may have happened for a variety of reasons, including an attempt to avoid the appearance of overvaluation. Nonetheless, when accounting for factors such as the business, growth rates, and valuation, one stock-split stock stands out as an excellent buy.

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South Africa’s Westbrooke raises £15m for private credit fund 

Private Equity Wire

Johannesburg-based Westbrooke Alternative Asset Management raised £15m (ZAR350m) in Q2 2024 for its flagship private credit fund, Westbrooke Yield Plus, according to a report by FAnews. The private credit fund also removed initial lock-in periods during Q2. The report quotes Dino Zuccollo, head of investor solutions at Westbrooke: “Westbrooke Yield Plus now boasts a six-year track record of performance and has never had a down month.

Funds 98
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We're Closer to Nailing Down 2025's Social Security COLA. But Retirees May Not Be Happy With the Number.

The Motley Fool

Will 2025's Social Security cost-of-living adjustment (COLA) be a generous one? That's looking less and less likely by the day. The good news is that the current 2.63% COLA estimate for 2025 is higher than previous ones from earlier in the year. The bad news is that next year's COLA is shaping up to be considerably smaller than 2024's. Given that this year's COLA was a big step down from 2023's, it doesn't paint the most comforting picture for Social Security recipients.

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Hunter Point Capital makes two senior hires in Asia

Private Equity Wire

Hunter Point Capital, an investment firm providing capital to alternative asset managers, has appointed SD Chu and Akira Takahashi as Managing Director, Singapore and Senior Advisor, Japan respectively. Chu and Takahashi will be responsible for building HPC’s presence in Asia and helping the firm’s GP partners build and strengthen relationships in the region.

Capital 98
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Is PayPal Stock Going to $95? 1 Wall Street Analyst Thinks So

The Motley Fool

There's no denying that it's been a tough few years for PayPal Holdings (NASDAQ: PYPL). The company pioneered fintech before it was fashionable, but a downturn in the economy and rising competition crushed the stock. Since its peak in mid-2021, the stock has fallen more than 80%. However, the company's recent results suggest its recovery is gaining steam.

Returns 246
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Ares and HPS Secure $3bn debt for Carlyle’s Baxter kidney-care unit bid

Private Equity Wire

A consortium of direct lenders, including Ares Management Corp and HPS Investment Partners, is arranging a $3bn credit facility to support Carlyle Group Inc’s potential acquisition of Baxter International Inc’s Vantive kidney-care division, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as confirming that the the financing package consists of a $2.5bn unitranche loan and a $450m revolver.

Debt 98
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How to Make Money on Facebook Marketplace

The Motley Fool

Image source: Getty Images I've used Facebook Marketplace, an online marketplace for used goods, to clean out my college dorm and sell things too delicate to ship. The marketplace connects sellers with millions of buyers through Facebook, and you can sell locally for zero fees. It's made me hundreds. My brother used it to make $10,000 in three months by reselling exercise equipment.

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Credit firm Crestline considers strategic options including sale

Private Equity Wire

Crestline, an alternative asset manager based in Fort Worth, Texas, which had more than $18bn in assets under management at the end of last year and specialises in credit and opportunistic investments, is exploring strategic options, including a possible sale, according to a report by Bloomberg. The report cites sources familiar with the matter as confirming that the firm, which was founded in 1997, is working with an adviser to gauge interest from potential buyers.

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The Smartest Investors Know 1 Secret to Finding Tomorrow's Big Stock Market Winners

The Motley Fool

It can feel overwhelming to figure what stocks to buy (or sell), and for that matter, which ones offer the most upside. But making the right choices is a lot easier when you know where to look for the best information. Most companies, but not all, host quarterly earnings calls with Wall Street analysts to talk about what happened in the recent quarter and what to expect in the year ahead.

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Ex-IBM managing partner joins Acuity Knowledge Partners as COO

Private Equity Wire

Acuity Knowledge Partners, a research, analytics, staffing and technology provider to the financial services sector including hedge funds and private equity firms, has appointed Jon O’Donnell as Chief Operating Officer. In his new role, O’Donnell will join Acuity’s executive committee and oversee its digital solutions group, global strategy and various enablement teams including information technology, information security and legal.

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Expert Says: Here Are 4 Big Reasons Why Car Insurance Got So Expensive, So Fast

The Motley Fool

Image source: Upsplash/The Motley Fool Anyone who feels as if car insurance premiums have gotten way too expensive in the past few years is not hallucinating. Between February 2023 and February 2024, car insurance costs went up by 21%. So for example, a car insurance premium that cost $300 per month in February 2023 might cost $363 per month one year later.

Legal 246
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EB-SIM, Union Investment reach €500m for renewable energy investment fundraise

AltAssets

EB-SIM and Union Investment have raised €500m for the second close of their renewable energy fund. The post EB-SIM, Union Investment reach €500m for renewable energy investment fundraise first appeared on AltAssets Private Equity News.

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Wall Street Analysts Are Bullish on This Artificial Intelligence (AI) Stock. Here's Why I'm Not.

The Motley Fool

After years of struggle, SoundHound AI (NASDAQ: SOUN) seems to have found its place in the tech industry. As the company settles on becoming a leader in voice recognition software, it has won contracts from various companies and an investment from AI chip leader Nvidia. Despite those successes, SoundHound faces ongoing losses and significant difficulties on the financial side of the business.

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Ex-Greylock general partner Guo eyes $230m for sophomore Conviction Partners fundraise

AltAssets

Conviction Partners, a VC firm "purpose-built to serve AI-Native, 'Software 3.0' companies", is eyeing a fundraise of up to $230m. The post Ex-Greylock general partner Guo eyes $230m for sophomore Conviction Partners fundraise first appeared on AltAssets Private Equity News.

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Is Alphabet Stock Going to $205? 1 Wall Street Analyst Thinks So.

The Motley Fool

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been a long-term winner on the stock market as its dominance of online search and digital advertising has delivered strong growth and steady returns, fueling new businesses as well, like Google Cloud. However, investors were underwhelmed by Alphabet's second-quarter earnings report as the stock fell on the news even though the company beat analyst estimates.

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Graphyte Raises $30M in Series A Funding

FinSMEs

Graphyte, a Pine Bluff, Arkansas-based leader in the durable carbon removal industry, closed a $30m Series A funding round. The round was co-led by Prelude Ventures and Carbon Direct Capital, with participation from existing investors Breakthrough Energy Ventures (BEV) and Overture. The company intends to use the funds to will accelerate deployment of its technology, […] The post Graphyte Raises $30M in Series A Funding appeared first on FinSMEs.

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Should You Buy SoundHound AI Stock Before August 8?

The Motley Fool

Fool.com contributor Parkev Tatevosian discusses what investors should look for from SoundHound AI (NASDAQ: SOUN) and its quarterly earnings release. *Stock prices used were the afternoon prices of July 28, 2024. The video was published on July 30, 2024. Should you invest $1,000 in SoundHound AI right now? Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoundHou

Returns 246
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Arctos acquires BCI’s Hayfin stake at €1.3bn valuation

Private Equity Wire

Private investment firm Arctos Partners has acquired British Columbia Investment Management Corporation’s majority stake in Europe-focused private credit firm Hayfin Capital Management. Upon completion of the transaction, which is expected to close in Q4 2024 and values the business at €1.3bn, BCI will remain a limited partner in several of Hayfin’s fund strategies.

Stakes 75
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Nvidia Surged Today -- Is It Too Late to Buy the Artificial Intelligence (AI) Leader's Stock?

The Motley Fool

Nvidia (NASDAQ: NVDA) stock posted a big gain in Wednesday's trading session, up by 12.8% at the close, according to data from S&P Global Market Intelligence. The chipmaker got a boost from bullish news in the quarterly reports published by Advanced Micro Devices and Microsoft Tuesday. Both high-profile tech players beat expectations for sales and earnings, and each shared additional details that bode well for Nvidia.

Returns 246