The Motley Fool
MAY 7, 2024
Image source: The Motley Fool. Agenus (NASDAQ: AGEN) Q1 2024 Earnings Call May 07, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Thank you for standing by, and welcome to Agenus first quarter 2024 results conference call. [Operator instructions] Thank you. I would now like to turn the call over to Zack Armen, head of investor relations.
FinSMEs
MAY 7, 2024
Synopsys (NASDAQ: SNPS), a Sunnyvale, CA-based provider of integrated software solutions, entered into a definitive agreement with Clearlake Capital Group, L.P. and Francisco Partners, for the sale of its Software Integrity Group business. The transaction has a total value of up to $2.1 Billion, including up to $475M in cash payable upon Francisco Partners and Clearlake achieving a specified rate of […] The post Synopsys to Sell its Software Integrity Business to Clearlake Capital and Fran
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The Motley Fool
MAY 7, 2024
Image source: Upsplash/The Motley Fool Having extra cash is always a luxury, especially now as inflation remains stubbornly high. But knowing what to do with that money creates its own challenges. Let's look at five smart money moves you can make with $5,000 right now, and a few examples of when you might want to choose one option over another. 1. Invest in the stock market The historical annual rate of return of the S&P 500 is just over 10%.
A Wealth of Common Sense
MAY 7, 2024
One of my favorite pop culture developments in recent years is the famous person press tour. If you write a new book or have a new movie or TV show coming out, you have to talk to every outlet imaginable to sell your project. There is so much content and so much competition for our attention these days that even uber-successful people are forced to make the hard sell.
The Motley Fool
MAY 7, 2024
Market players weren't exactly dialed in to telecom equipment specialist Lumentum Holdings (NASDAQ: LITE) on Tuesday. The company's share price dived by more than 6% in reaction to its latest earnings release. By contrast, the S&P 500 index ended the day marginally in positive territory (at 0.1%). Double beat on the top and bottom lines. For its fiscal third quarter, Lumentum earned $366.5 million in net revenue, which was 4% below the same period of fiscal 2023.
AltAssets
MAY 7, 2024
Alternative ivestment giant Partners Group has launches the PE industry's first ELTIF-compliant evergreen fund. The post Partners Group launches industry-first evergreen ELTIF private equity fund first appeared on AltAssets Private Equity News.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Wire
MAY 7, 2024
Global sustainable real assets investor Vision Ridge Partners has appointed Ramzi Moubarak, a former Managing Director on Macquarie Capital’s infrastructure and energy capital team in Europe, as a Managing Director and Head of Europe, effective immediately. Moubarak, who is based in London, will be responsible for sourcing and executing investments principally in Europe, across the energy, transportation and agriculture sectors.
The Motley Fool
MAY 7, 2024
Image source: The Motley Fool/Unsplash It's exciting to start using travel credit cards. Most of these cards have big welcome bonuses, so it probably won't take long before you have a large number of points or miles amassed. When you're ready to redeem those rewards, you'll have more options to do so than you would with a cash back card. Here's the tricky part: They aren't all good options.
FinSMEs
MAY 7, 2024
Averto Medical, a San Francisco, CA-based clinical-stage medical device company, raised $30M in Series A funding. The round was led by Cormorant Asset Management with participation from Venrock Healthcare Capital Partners, LifeSci Venture Partners, CVF, and other investors. In connection with this financing, Averto Medical announced that Ken Song, MD will serve as Executive Chairman with Dan […] The post Averto Medical Raises $30M in Series A Financing appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Image source: The Motley Fool/Upsplash If you're looking at today's certificates of deposit (CDs) by rate alone, you might notice a trend. Nearly all CDs with the highest rates have short terms, like six months. In fact, if you're looking at the best 6-month CDs, you'll see that most pay above 5%, with some even closer to 5.30%. In comparison, 2-year CDs are barely breaking above 4.5%.
FinSMEs
MAY 7, 2024
Jeeves, a Mexico City, Mexico-based provider of a B2B payments and corporate card platform for businesses in Latin America, received a USD$75M credit facility from Community Investment Management. The company intends to use the funds to enhance its financial product suite in its primary Latin American markets – Brazil, Colombia, and Mexico. Led by CEO and Founder Dileep Thazhmon, […] The post Jeeves Secures USD$75M Financing appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Image source: Getty Images Side hustles can be a great way to make extra cash and they've become popular with workers as inflation has ballooned, with an estimated 54% of Americans having one. But there are lots of other reasons why you might want to spend some of your extra time working on a side project, aside from improving your cash flow. Here are five little-known perks of weekend side hustles and a few suggestions for getting started. 1.
FinSMEs
MAY 7, 2024
Stonal, a Paris, France-based provider of a data management platform, received an up to €100M investment from Aeron. The company intends to use the funds to expand operations and its development efforts. Founded in 2017 by Michel Tolila, the current executive chairman, and Jean-Maurice Oudot, and led by CEO Robin Rivaton, Stonal aims to deliver […] The post Stonal Secures up to €100M Investment from Aareon appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Shares of Lucid Group (NASDAQ: LCID) , the maker of luxury Air electric vehicles (EVs), disappointed investors again on Tuesday with another underwhelming earnings report. As of 1:45 p.m. ET, the stock was down 13.4%. Image source: Lucid. Lucid keeps losing money Lucid has struggled since going public as the company has only sold a relatively small number of cars and has put up wide losses every quarter of its history.
Pension Pulse
MAY 7, 2024
Seher Dareen of Reuters reports CPPIB co-leads partnership acquiring US utility ALLETE in $6.2-billion deal: U.S. utility Allete said on Monday that it had agreed a deal with investment firms Global Infrastructure Partners and CPP Investments to be taken private at a US$6.2-billion valuation, inclusive of debt. The transaction is a rare example of a U.S. utility being taken private by investment firms, and comes at a time when such companies are receiving increased investor interest as technolog
The Motley Fool
MAY 7, 2024
Shares of Palantir Technologies (NYSE: PLTR) fell like a rock on Tuesday, tumbling as much as 15.3%. As of 2:58 p.m. ET, the stock was still down 14.4%. The catalyst that sent the artificial intelligence (AI) and data mining specialist plunging was the company's quarterly report. When good isn't good enough For the first quarter, Palantir generated revenue that grew 21% year over year and 4% sequentially to $634 million.
FinSMEs
MAY 7, 2024
Numeric, a San Francisco, CA- and NYC-based AI-powered accounting automation company, raised $10M in Seed funding. Bakers included Founders Fund, Menlo Ventures, 8VC, Long Journey, Friends & Family Capital, and others. The company intends to use the funds to expand its R&D hiring efforts to continue new product development. Founded in 2020 by Anthony Alvernaz, Parker Gilbert, and Andrew […] The post Numeric Raises $10M in Seed Funding appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Shares of growth stock Hims & Hers Health (NYSE: HIMS) jumped as much as 17.1% in trading on Tuesday after the company reported first-quarter 2024 financial results. As of 3 p.m. ET, shares were holding about an 8.4% gain for the day. Crushing expectations Hims & Hers said revenue for the quarter jumped 46% from a year ago to $278.2 million and sailed past the $268.7 million that analysts were expecting.
FinSMEs
MAY 7, 2024
Think Bioscience, a Boulder, CO-based synthetic biology company focused on developing small-molecule therapeutics that target “undruggable” proteins, raised a $6M Seed extension funding. YK Bioventures joined existing investors, bringing total funding to $26M. The additional raise will accelerate the company’s pipeline. Led by Dr. Jerome Fox, co-founder and CEO, Think Bioscience is reimagining synthetic biology by using living systems […] The post Think Bioscience Raises
The Motley Fool
MAY 7, 2024
Shares of e-commerce company Beyond Inc. (NYSE: BYON) fell as much as 27.8% in trading on Tuesday after the parent of Bed Bath & Beyond, Overstock, Zulily, and other brands announced first-quarter results that fell short of already low expectations. At 3:30 p.m. ET today, shares were still down 24.1% on the day and showed no signs of life. From bad to worse Revenue was up slightly in the quarter to $382.3 million but fell well short of the $389.3 million that Wall Street analysts were expect
FinSMEs
MAY 7, 2024
TXOne Networks, a Taipei, Taiwan- and Irvine, CA-based leader in Cyber-Physical Systems (CPS) security, raised $51m in its Series B extension round of financing. In addition to TGVest Capital, the lead investor of the B round, Pegatron Group, CDIB Capital Group and CDIB-Innolux II L.P. are continuing to invest. New investors include the Taiwania Capital […] The post TXOne Networks Raises $51M in Total in Series B Extension Funding appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Shares of Axon Enterprise (NASDAQ: AXON) were falling today after the company beat estimates in its first-quarter earnings report. Investors seemed to think the results weren't enough to justify the company's high valuation. As a result, the stock was down 4.7% as of 2:57 p.m. ET. Image source: Axon. Axon's good but not-good-enough quarter Axon, which makes the TASER electrical stun gun, as well as body and dashboard cameras for law enforcement, said that revenue in the quarter jumped 34% to $46
FinSMEs
MAY 7, 2024
Simplifai, an Oslo, Norway-based company which specialises in AI automation solutions for insurance and banking, received an investment from Idékapital. The amount of the deal was not disclosed. The company intends to use the funds to expand operations and development efforts. Led by CEO Bård Myrstad, Simplifai provides an AI Automation platform which is used […] The post Simplifai Receives Investment From Idékapital appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Shares of Nvidia (NASDAQ: NVDA) briefly tumbled today, falling as much as 10.7% early in the trading session, but recovered those losses throughout the morning to finish the session down just 1.7%. The catalyst for the movement was comments from famed billionaire investor Stanley Druckenmiller. Image source: Getty Images. What did Druckenmiller say about Nvidia?
FinSMEs
MAY 7, 2024
Akamai Technologies (NASDAQ: AKAM), a Cambridge, MA-based cloud company that empowers and protect life online, acquired Noname Security, a San Jose, CA-based API security company, for approx. $450M. The closing of the transaction, which is subject to customary closing conditions, is expected to occur in the second quarter of 2024. The acquisition will enable Akamai to extend […] The post Akamai to Acquire Noname, for Approx. $450M appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Image source: Upsplash/The Motley Fool A trip to the grocery store can quickly deplete your checking account funds. But shopping at a low-cost grocer like Aldi can help you get the essentials without ignoring your budget. The popular retailer recently announced additional summer savings that shoppers can take advantage of through Labor Day. Aldi has marked down prices for over 250 summer essentials to help consumers save more money.
FinSMEs
MAY 7, 2024
iyzico, an Istanbul, Turkey-based financial technology company, acquired Paynet, a provider of B2B payments and collections services in the Turkish fintech landscape, for USD87M from Arena Group. The closing of the transaction will be subject to regulatory approvals (i.e.Central Bank of Republic of Turkiye, Competition Board.) Paynet’s B2B payments and collections services will complement iyzico’s existing […] The post iyzico Acquires Paynet appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Shares of J&J Snack Foods (NASDAQ: JJSF) , the maker of SuperPretzels and other event snack staples, jumped today after the company delivered a strong second-quarter earnings report. The stock finished today's session up 16.4%. J&J Snack Foods shines J&J reported revenue growth of 6.5% to $359.7 million, beating estimates at $341.1 million.
FinSMEs
MAY 7, 2024
Daloopa, NYC-based AI-powered historical data provider, raised $18M in Series B funding. The round was led by Touring Capital with participation from Morgan Stanley and existing investor, Nexus Venture Partners. The company intends to use the funds to further innovate its proprietary algorithm and build product solutions that further improve the quality of data in […] The post Daloopa Raises $18M in Series B Funding appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Image source: Upsplash/The Motley Fool With all its variety, Costco can feel like a zoo -- or a jungle if we count the parking lot. That's probably why seasoned members always go to Costco with a well-defined list, lest they want to leave with a cartload of stuff they weren't expecting to put on a credit card. And while I definitely like trying new products at Costco, I certainly have my own favorites that I always return to.
FinSMEs
MAY 7, 2024
Swypex, a Cairo, Egypt-based provider of a payments and financial workflow automation platform, raised $4M in Seed funding. The round was led by Accel with participation from Foundation Ventures, The Raba Partnership, and angel investors. The company intends to use the funds to expand operations and development efforts. Founded by Ahmad Mokhtar (CEO, ex-PlayStation), Tarek […] The post Swypex Raises $4M in Seed Funding appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Image source: The Motley Fool. Sun Country Airlines (NASDAQ: SNCY) Q1 2024 Earnings Call May 07, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to the Sun Country Airlines' first-quarter 2024 earnings call. My name is Jill, and I will be your operator for today's call. [Operator instructions].
FinSMEs
MAY 7, 2024
Corlytics, a Dublin, Ireland-based company which speicliazes in regulatory intelligence and policy compliance technology, has acquired a digital RegTech platform from Deloitte UK. The amount of the deal was not disclosed. With the acquisition, Corlytics will expand its offerings. Led by CEO John Byrne, Corlytics provides a RegTech (regulatory technology) platform that manages the entire regulatory […] The post Corlytics Acquires A Deloitte UK RegTech Platform appeared first on FinSMEs.
The Motley Fool
MAY 7, 2024
Image source: The Motley Fool. Nikola (NASDAQ: NKLA) Q1 2024 Earnings Call May 07, 2024 , 10:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. Welcome to Nikola Corporation's first quarter 2024 earnings and business update call. Currently, all participants are in listen-only mode. We will begin today's call with a short video presentation, followed by management's prepared remarks.
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