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Image source: The Motley Fool. Lennar (NYSE: LEN) Q4 2024 Earnings Call Dec 19, 2024 , 11:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to Lennar's fourth-quarter earnings conference call. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session.
Colbeck Capital Management, a middle-market private credit firm, has appointed Gregory Budetti as Head of Business Development, overseeing strategic capital formation initiatives and develop investment solutions. According to a press release, he will be working closely with Managing Partners Jason Beckman and Jason Colodne. Budetti brings over a decade of experience in business development, investor relations, and capital raising.
The fourth quarter has been packed with important data releases. In November, investors received hundreds of earnings reports from Wall Street's most-influential businesses, the much-anticipated election results , and numerous economic data releases that offer clues as to the steps the nation's central bank might take next. But perhaps the most relevant data dump of them all came on Nov. 14.
MidOcean Partners has closed its inaugural MidOcean CLO Equity Fund I with $304m in capital commitments, surpassing its $300m target, having received support from both existing clients and new investors. According to Business Wire, The New York-based alternative asset manager, specialising in middle-market private equity, alternative credit, and structured capital, aims to generate attractive risk-adjusted returns by investing in CLO equity.
When it came to artificial intelligence (AI) infrastructure in 2024, Nvidia (NASDAQ: NVDA) reigned supreme. However, Broadcom (NASDAQ: AVGO) will be looking to challenge the chipmaker in 2025. Both stocks have had strong runs in 2024, with Nvidia's stock up over 170% year to date as of this writing and Broadcom up around 107%. Let's consider which semiconductor stock looks like the better buy heading into 2025.
Japanese IT company Fuji Soft’s founding family has reaffirmed its support for a takeover proposal by private equity firm Bain Capital, despite opposition from Fuji Soft’s board, according to a report by Reuters citing a jointly released statement with Bain. In a bidding war with rival private equity giant KKR, Bain raised its offer to JPY9,600 per share last week, a 1.6% premium over KKR’s JPY9,451 bid, and became hostile after Fuji Soft’s board rejected the offer in fav
Bill Ackman is outspoken. He's passionate. And he's one of the wealthiest people in the world, with a net worth of over $9 billion. Ackman doesn't talk much about artificial intelligence (AI), but that doesn't mean he isn't interested in profiting from the game-changing technology. Here's Ackman's favorite AI stock -- and why it's a no-brainer buy for 2025.
Bain Capital is in negotiations to acquire Sizzling Platter, a company that operates several restaurant franchises including Little Caesars and Jersey Mike’s, for over $1bn, including debt, according to a report by Reuters. The report cites unnamed sources as revealing that Utah-headquartered Sizzling Platter, which is owned by CapitalSpring, and also manages franchises such as Dunkin’, Wingstop, and Jamba, has reportedly been working with investment bankers from UBS and Deutsche Ban
Bain Capital is in negotiations to acquire Sizzling Platter, a company that operates several restaurant franchises including Little Caesars and Jersey Mike’s, for over $1bn, including debt, according to a report by Reuters. The report cites unnamed sources as revealing that Utah-headquartered Sizzling Platter, which is owned by CapitalSpring, and also manages franchises such as Dunkin’, Wingstop, and Jamba, has reportedly been working with investment bankers from UBS and Deutsche Ban
Image source: The Motley Fool. CarMax (NYSE: KMX) Q3 2025 Earnings Call Dec 19, 2024 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by. Welcome to the third-quarter fiscal year 2025 CarMax earnings release conference call. [Operator instructions] Please be advised that today's conference is being recorded.
Private equity firm Aterian Investment Partners has promoted Mark Lecher to the role of CEO of its portfolio business Allentown. Prior to taking the role, Lecher had served as CFO for the Allentown enterprise. He holds over 30 years of experience across a wide berth of executive level roles, including as CEO, president, COO and […] The post Aterian Investment Partners promotes Mark Lecher to Allentown CEO appeared first on AltAssets Private Equity News.
Artificial intelligence (AI) has been one of the hottest trends in the technology sector over the past couple of years, and that's not surprising as this disruptive technology has been positively impacting multiple companies across several industries. McKinsey and Company pointed out last year that generative AI has the potential to add between $2.6 trillion and $4.4 trillion to the global economy by boosting productivity in sectors such as banking, retail, marketing, and factory automation.
Lens, a provider of an Ethereum network empowering social and finance, raised $31M in funding. The round was led by Lightspeed Faction. Additional participants included Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Superscript, Re7, and Wintermute Ventures, as well as angel investors Rune Christensen, Aleksander Larsen, Anurag Arjun, Alex Gluchowski, Anton Bukov, Spencer Noon, […] The post Lens Closes $31M Funding appeared first on FinSMEs.
Many people view Social Security as a plan that forces individuals to save for their retirement. That view is mostly correct. Employers must contribute to the retirement savings of their workers, too. There's also a twist to Social Security that allows spouses to claim benefits based on their husbands' or wives' benefits. How do these spousal Social Security benefits work?
US private equity firm 777 Partners has transferred ownership of Italy’s oldest football club, Genoa, to Romanian businessman Dan Sucu, but will retain a minority shareholding, according to a report by Reuters. Sucu now controls 77% after underwriting a capital hike of around 45m ($42m). Genoa is reportedly hopeful that Sucu, who also owns 90% of Romanian side Rapid Bucharest, will bring financial stability following a period of uncertainty under 777 Partners.
ExxonMobil (NYSE: XOM) is the hands-down leader of today's carbon-powered world. The company is an industry-leading producer of hydrocarbons. It's also the most profitable company in the sector by a wide margin. The energy giant expects to invest heavily over the next several years to continue growing its legacy hydrocarbon business. At the same time, it's also ramping up its investments in lower-carbon energy.
Global investment firm The Riverside Company has acquired a controlling stake in Spain’s Essential Compositions, a fast-growing developer and manufacturer of fragrances, through an affiliated European investment fund. According to a press release, this marks Riversides sixth investment in the European ingredients market, with previous deals including Capol, MEC3, E&A Scheer, Euromed, and HTBA.
Archer Aviation (NYSE: ACHR) has captured the imagination of investors recently as the company has inched closer to commercial launch. But what should we expect in the next year? Travis Hoium explains where investors should see progress in this video. *Stock prices used were end-of-day prices of Dec. 16, 2024. The video was published on Dec. 17, 2024.
Gen II has appointed Paul Spendiff as its new Head of Business Development, Europe, as the private capital fund administrator continues to focus on the evolution of its transatlantic services capabilities in support of its clients growth ambitions. Working closely with the Gen II senior leadership team, Spendiff will be responsible for leading the ongoing growth and development of the business across its European jurisdictions.
Amid all the hype about the tech sector and artificial intelligence (AI) this year, one stock that has surprisingly not done well is Advanced Micro Devices (NASDAQ: AMD) , aka AMD. As of Monday, shares of the chipmaker were down 15% year to date. It's now near its 52-week low, despite its long-term potential. Could this be a great time to invest in AMD stock?
Antin Infrastructure Partners, an infrastructure investment firm, has closed its fifth flagship fund above target at 10.2 billion ($10.7 billion). According to Antin, the new fund is anticipated to be the biggest infrastructure fund to reach a final closing globally in 2024. The size of the fund represents an increase of over 50% from its […] The post Antin Infrastructure Partners concludes Flagship Fund V appeared first on AltAssets Private Equity News.
It's easy to assume that a millionaire-making stock is a rags-to-riches story, a lottery ticket-style investment that hit it big. Sure, those stories exist, but the reality is that investors are most likely to get rich on a stock slowly. To create riches, investors need to buy into successful companies that have proven they can grow, have a lot of room to keep growing, and are profitable enough to share profits with investors via dividends and buying back stock.
Ottimo Pharma, a NYC-based private biotech company, raised over $140M in funding. The round was led by OrbiMed, Avoro Capital, Samsara BioCapital. Other investors included RTW Investments, Decheng Capital, Janus Henderson Investors, J.P. Morgan Life Sciences Private Capital, Invus, and founding investor Medicxi. In connection with the financing Peter Thompson (OrbiMed), Mark Chin (Avoro Capital), and Srini Akkaraju (Samsara BioCapital) will […] The post Ottimo Pharma Raises Over $140M appe
Growth stocks are back in style these days. Several well-known ones are crushing the market while riding the wave of the artificial intelligence revolution (AI). However, plenty of growth-oriented companies outside of AI are worth investing in. Industries such as e-commerce and fintech have terrific prospects, too, and the leaders in these spaces could deliver outsize returns over the long run.
Apollo Care, a Chicago, IL-based provider of patient access and analytics solutions, received a growth equity investment from Flexpoint Ford. The amount of the deal was not disclosed. Under the terms of the investment, Flexpoint Ford will take a minority ownership stake in Apollo Care, andJonathan OkaandElliot Lauzenwill join the company’s Board of Directors.
Israel Englander is the CEO of Millennium Management, the second most profitable hedge fund in history as measured by net gains since inception, according to LCH Investment. In total, Millennium owns more than 6,000 stocks, index funds, and options, but Englander downsized one of his largest positions in the third quarter. Specifically, he sold 11.5 million shares of Apple (NASDAQ: AAPL) , reducing his stake by 90%.
The Dow Jones Industrial Average (DJINDICES: ^DJI) , one of three major U.S. stock market indexes, had declined in nine straight trading sessions as of Tuesday, Dec. 17. The last time the Dow Jones strung together a losing streak that long was February 1978. Specifically, the index fell more than 4% during the nine trading days that ended on Feb. 22, 1978.
Zug, Switzerland, 19th December 2024, Chainwire The post Acurast Unveils Processor Lite for iOS: Empowering iPhone Users to Join the DePIN Cloud Rebellion Secured by Polkadot appeared first on FinSMEs.
SoundHound AI (NASDAQ: SOUN) stock is seeing big sell-offs in Thursday's trading. The company's share price was down 12.3% as of 11:30 a.m. ET. Meanwhile, the S&P 500 index was up 0.6%, and the Nasdaq Composite index was up 0.7%. Despite being down big as of this writing, SoundHound AI stock actually started the day with big gains. The conversational artificial intelligence ( AI ) specialist's share price had been up as much as 14.1% earlier in the session.
London, UK, 19th December 2024, Chainwire The post Harbour Teams with Velocity Labs to Launch Instant Stablecoin Payment Between EU Banks and Polkadot appeared first on FinSMEs.
Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Waymo is taking its first step into international markets by going to Tokyo. This is a big part of the business finally scaling, which Travis Hoium covers in this video. *Stock prices used were end-of-day prices of Dec. 17, 2024. The video was published on Dec. 19, 2024. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now.
Decart, a San Francisco, CA-based AI research lab, raised $32M in Series A funding. The round was led by Benchmark, with participation from existing investors Sequoia Capital and Zeev Ventures. The company intends to use the funds to grow its team of experts. Led by CEO Dean Leitersdorf, Decart has built an AI infrastructure platform […] The post Decart Raises $32M in Series A Funding appeared first on FinSMEs.
Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) offers investors the best of both worlds. The global infrastructure operator pays a very attractive dividend (more than 4% yield). On top of that, it's growing briskly (more than 10% annually). Those dual catalysts should enable the infrastructure stock to continue producing strong total returns in 2025 and beyond.
Bitcoin (CRYPTO: BTC) continues to prove that it's one of the best financial assets to own. Its price has skyrocketed 145% in 2024 (as of the Dec. 18). And in the past five years, it has climbed a whopping 1,300%. As of this writing, the world's oldest and most valuable cryptocurrency trades at about $103,000, with its market cap now above the $2 trillion mark.
Global private investment firm HarbourVest Partners has made an investment in The Citation Group, a provider of tech-enabled compliance and certification solutions for small and medium-sized enterprises, joining existing investors KKR and Hg. According to a press statement, the investment will support the UK-based firms international expansion, which has already extended to Canada and Australia over the past four years, and serves over 110,000 SMEs.
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA). To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Dec. 17, 2024. The video was published on Dec. 17, 2024. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
SPRINGS WINDOW FASHIONS COMPLETES NEW CAPITAL INFUSION TO SUPPORT GROWTH Substantially increased liquidity allows Springs to capitalize on future market recovery and accelerate growth through operational initiatives Middleton, WI December 19, 2024 Springs Window Fashions, a provider of custom window coverings, today announced the closing of a capital raise and refinancing of a portion of its outstanding debt.
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