Alts investment platform CAIS announced a $170 million Series D financing. The round includes investments from lead participant Vista Equity Partners, as well as AllianceBernstein, funds managed by Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and Royal Bank of Canada. The round values CAIS at over $2 billion, bringing total capital […]
An artificial intelligence (AI)-powered homeownership platform co-founded by Martha Stewart launched in the United States Wednesday (July 29). Hint, whose co-founders also include Yih-Han Ma and Kyle Rush, is now available on Apple’s App Store, the company said in a Wednesday (July 29) press release. The home intelligence platform builds a profile of the user’s house based on public records, environmental and utility […]
If there’s one phrase I’ve heard more than any other over the past 12 months, it’s, ‘How do we use AI?’ It’s understandable. Every conference agenda, strategy meeting and board discussion seems to centre around artificial intelligence. Organisations are racing to adopt it, vendors are racing to sell it and everyone is understandably worried about […]
Avis Budget (CAR -6.90%) stock got totaled for a 9% loss through 2:55 p.m. ET Wednesday after missing badly on earnings. Analysts had forecast Avis would earn $2.07 per share on $3.1 billion in revenue in Q2. Actual revenue came in at just $3 billion, however, and earnings were only $0.98 per share — less […]
Meta shares plummeted almost 10% in extended trading on Wednesday after the company issued a weaker-than-expected revenue forecast and took a big hit to its cash pile. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $6.18 vs. $7.22 Revenue: $60.80 billion vs. $60.17 billion Meta said it […]
A new global survey highlights how the rapid integration of artificial intelligence is reshaping corporate priorities around information security funding. According to findings released by Kaspersky’s Internal Research Center, 41 percent of enterprises now cite AI adoption as the primary reason for increasing their IT security budgets. Additional factors include the escalating financial impact of […]
RBC Capital Markets will pay $275,000 to settle FINRA charges that anti-money laundering procedures in its wealth management division could have missed suspicious transactions. According to the FINRA letter of acceptance, waiver and consent signed last week, the issues arose during a cycle exam by the brokerage self-regulatory organization. The lapses in question allegedly took […]
ETFs allow investors a plethora of ways to express themselves while also pursuing performance. With each passing year, new ETFs arrive to help investors meet their personal and financial goals. The Defiance Autism Impact ETF (ASD) aims to invest in supporting individuals on the autism spectrum, while also providing some positive returns. Key Takeaways: The […]
The chip company came up short on its bottom line.
Between the sprint to Tax Day at the beginning of the year and the rush to meet annual targets at the end, financial advisors can help clients confront a bias toward the status quo. Processing Content With a midyear meeting strategy that avoids calling clients out for their natural inertia or hitting them with a […]