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Zoom Video Communications (NASDAQ: ZM) stock gained 10.4% in Monday's after-hours trading following the cloud-based communications company's release of its results for the fourth quarter of fiscal 2024 (ended Jan. 31). The stock's rise is largely attributable to the quarter's revenue and earnings exceeding Wall Street's consensus estimates, with bottom-line guidance for both the first quarter and full year of fiscal 2025 coming in higher than analysts had been expecting.
SoundHound AI (NASDAQ: SOUN) stock is posting explosive gains in Monday's trading. The company's share price was up 39.5% as of 2:40 p.m. ET, according to data from S&P Global Market Intelligence. SoundHound AI is surging today thanks to an announcement that Nvidia (NASDAQ: NVDA) has formed a new partnership with other influential hardware and software players to advance artificial intelligence ( AI ) technologies in the telecommunications industry.
KKR is acquiring Broadcom's end-user computing division for $4 billion. The post KKR carves out former VMware from Broadcom; Orlando Bravo among speakers at NEXUS 2024 appeared first on PE Hub.
The beaten-down electric vehicle (EV) sector needed a win on the stock market, and on Monday it got one. Thanks to some good news from one of their own, numerous EV companies saw their stock prices rise on the day. Among these was the sector's poster boy, Tesla (NASDAQ: TSLA) , which increased by almost 4% against the S&P 500 index's 0.4% decline.
Command Medical Products was founded in 1987 by David Slick. The post Argosy recaps medical device firm Command Medical Products appeared first on PE Hub.
Few trends have captivated the attention of investors over the past five years quite like the electric-vehicle (EV) revolution. That's because there are big dollar signs attached to the global growth of EVs. Based on a report released last year by Fortune Business Insights, worldwide EV sales are expected to grow by nearly 18% annually between 2022 and 2030, ultimately reaching close to $1.6 trillion by 2030.
Headquartered in San Jose, California, Broadcom is a tech company. The post KKR to acquire Broadcom’s end-user computing division for $4bn appeared first on PE Hub.
Headquartered in San Jose, California, Broadcom is a tech company. The post KKR to acquire Broadcom’s end-user computing division for $4bn appeared first on PE Hub.
Today marks a new era for the Dow Jones Industrial Average. Not only is the nearly 128-year-old index undergoing only its 52nd change with the addition of online retailer Amazon and the removal of pharmacy chain Walgreens Boots Alliance , but the Dow's divisor (the figure that helps convert share price into Dow points) is changing due to Walmart 's (NYSE: WMT) 3-for-1 stock split.
The firm also hired Alison Kimmell as managing director, development and portfolio management, real estate, and appointed Colin Catherwood to managing director, investments, real estate. The post Fengate names McKenna as real estate president appeared first on PE Hub.
As we approach and enter retirement, we will need a lot of income, which is why it's important to be saving and investing for retirement to build a sufficiently big nest egg. The best kind of income, arguably, is passive income -- money that just keeps arriving with little to no effort required of you. Here's a bunch of ways that you might set up passive income for yourself.
QSL is a port terminal and logistics operator in North America. The post Icon Infrastructure, CDPQ to invest in QSL International appeared first on PE Hub.
On Feb. 19, Capital One (NYSE: COF) announced it would acquire Discover Financial Services (NYSE: DFS) in an all-stock transaction valued at over $35 billion. The move could make Capital One the largest credit card issuer in the U.S. and create greater competition for Visa (NYSE: V) and Mastercard (NYSE: MA) , whose stocks fell following the news announcement.
Walmart (NYSE: WMT) investors woke up to three times the number of shares they had on Friday after the company executed a 3-for-1 stock split. In this video, Travis Hoium explains why Walmart is splitting the stock and why the market is excited, even if it doesn't technically mean any value is added for investors. *Stock prices used were end-of-day prices of Feb. 25, 2024.
Investing can be hard. There are thousands of investment products -- and not all of them are very good. However, one asset class worth considering is exchange-traded funds (ETFs). For many investors, ETFs are a smart choice thanks to their diverse stock holdings, solid performance, and low fees. Here, I'll break down a hypothetical $50,000 portfolio split equally among five different ETFs offered by Vanguard.
Robinson Bradshaw Hinson served as legal advisor and Rothschild as financial advisor to Astara. The post Astara backs homebuilding design services firm Ally Building Solutions appeared first on PE Hub.
Image source: Getty Images Did you know that the average U.S. household subscribes to multiple streaming apps? As more streaming service providers raise their subscription rates, many consumers feel the impact on their wallets. But I have some good news if your entertainment budget is getting stretched thin. You can spend less without saying goodbye to your favorite streaming movies and shows.
kSARIA is a Hudson, Massachusetts-based provider of mission-critical connectivity solutions for the aerospace and defense end markets. The post Behrman Capital-backed kSARIA acquires electrical cables manufacturer Charles E. Gilman Company appeared first on PE Hub.
Shares of technology company MicroStrategy (NASDAQ: MSTR) surged to a new 52-week high on Monday, after the company disclosed that it had bought more Bitcoin (CRYPTO: BTC). On top of MicroStrategy's new purchase, Bitcoin itself is having a good day, up about 5% over the past 24 hour hours. For its part, MicroStrategy stock was up 16% as of 3:20 p.m.
Mesirow Financial, Inc acted as financial advisor to BloApCo on the deal. The post Valesco invests in manufacturer Blower Application appeared first on PE Hub.
Nvidia (NASDAQ: NVDA) blew nearly everyone away with its fourth-quarter results last week. The stock continued a surge that began in late 2022. Many analysts, though, are skeptical about just how much higher Nvidia can go. The average analysts' 12-month price target for the stock is 7% below the current share price. However, Wall Street thinks that three other artificial intelligence (AI) stocks still have plenty of room to run. 1.
In this role, he will be responsible for all financial aspects of the company and also act as a strategic business partner to the CEO, president, executive team and the board. The post PE-backed Mercer Advisors taps Keresteci as CFO appeared first on PE Hub.
Image source: Getty Images It was the sort of letter no one wants to receive. Not so long ago, I opened the mail to find a note from my former mortgage loan servicer explaining that its database had been hacked. As a result, all of its customers' personal financial information -- including mine -- had gotten into criminals' hands. Trust me when I say I'm not at all thrilled that a criminal now potentially has my address, Social Security number, and other such identifying information.
Abacus Finance provided senior debt financing in support of the transaction. The post Kitchen and bathroom fixtures maker Kingston Brass inks investment from LVC appeared first on PE Hub.
Image source: Upsplash/The Motley Fool Last week, American Airlines increased its checked bag fees. Now, flyers in most markets will have to pay more to check their bags. This news will likely upset those trying to stretch their vacation budgets further. Unfortunately, United Airlines is taking similar steps. As of Feb. 24, flyers will pay higher fees to check their bags.
Headquartered in Islandia, New York, Whitsons is a provider of customized dining services to education, healthcare, community markets, and specialty services nationwide. The post GenNx360-backed Whitsons snaps up food service management provider Fresh Picks appeared first on PE Hub.
With shares up by over 700% in the past 12 months, Super Micro Computer (NASDAQ: SMCI) has been one of the biggest beneficiaries of the artificial intelligence (AI) boom, even outpacing giants including Nvidia , which rose 230% in the same period. While the company doesn't design and manufacture its AI chips, it helps turn these items into ready-to-use computers and servers for its data center customers.
One of Apple 's (NASDAQ: AAPL) biggest supporters over the past decade has been Warren Buffett and his team at Berkshire Hathaway. He originally purchased shares of Apple in 2016 and has continuously added to his position. However, Berkshire's latest 13F filing (a document filed with the SEC that reveals trades of companies with greater than $100 million in investments) made a surprising move: Berkshire sold some Apple shares.
FlowGPT, a Berkeley, CA-based platform fostering an open ecosystem for AI application creators and the community, raised $10M in Pre-Series A funding. The round was led by Goodwater Capital with participation from DCM. The company intends to use the funds to expand its engineering and research teams globally, and to further develop a dynamic and […] The post FlowGPT Raises $10M Pre-Series A Funding appeared first on FinSMEs.
Image source: The Motley Fool. PubMatic (NASDAQ: PUBM) Q4 2023 Earnings Call Feb 26, 2024 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello, everyone, and welcome to PubMatic's fourth quarter and full year 2023 earnings call. My name is Kelsey, and I will be your Zoom operator for today.
Image source: Getty Images Many families share streaming service logins to help cut costs. Unfortunately, not all services are meant to be shared. Many streaming service platforms are cracking down on users who share login details with friends and family. Unless you pay for a family plan meant to be shared, there may be restrictions on how you use and share your account with others.
mTab, a Yorba Linda, CA-based market insights platform provider, closed a $15m growth credit financing. Kayne Anderson Growth Capital provided the financial resources. The company intends to use the funds to further accelerate its growth and global expansion to support more customers in new industries, along with advanced technology enhancements to its platform.
Between now and 2027, more than 4.1 million Americans will turn 65 each year. You may be looking forward to your 65th birthday if it brings you one step closer to retirement. But if you're within a year of your 65th birthday, it's important that you make these essential moves. 1. Figure out how much annual income your savings might provide Maybe you have $1.5 million sitting in an IRA or 401(k) plan.
Reveleer, a Glendale, CA-based AI-powered healthcare technology data and analytics company, raised $65M in funding. The round was led by Hercules Capital. Commenting on the news, Jay Ackerman, CEO and President at Reveleer, said: “This funding will have a tremendous impact as it positions us to strategically pursue inorganic growth opportunities in value-based-care technology, accelerating […] The post Reveleer Raises $65M in Financing appeared first on FinSMEs.
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