Latest news with #GreatHillCapital
CNA
02-07-2025
- Business
- CNA
CNA938 Rewind - Stock take today: Japan, India tariff deals, small caps are big winners
CNA938 Rewind - Stock take today: Japan, India tariff deals, small caps are big winners On the daily markets analysis on Open For Business, Andrea Heng and Hairianto Diman speak with Thomas Hayes, Chairman and Managing Member at Great Hill Capital. 12 mins CNA938 Rewind - RTS Link to boost Johor, Singapore property markets More than just a solution to daily commuting woes, the Johor Bahru-Singapore RTS Link is poised to reshape the property market – driving demand, boosting property values, and spurring broader economic growth for both countries. Andrea Heng and Hairianto Diman chat with Terence Fan, Assistant Professor of Strategy and Entrepreneurship at SMU. They assess the economic impact of the upcoming cross-border train service on Johor and Singapore. 11 mins CNA938 Rewind - Media man Cheong Yip Seng's 'Ink & Influence' In 'Made in SG', Melanie Oliveiro speaks with Cheong Yip Seng, media veteran and author of "Ink & Influence'. It comes more than a decade after 'OB Markers: My Straits Times Story', which covers the more than four decades he spent as a journalist in Singapore – warts and all. Its sequel, "Ink & Influence', contains more first-hand accounts from his storied career including interactions with some of Singapore's more standout political leaders including the nation's first Prime Minister Lee Kuan Yew, travels on the job, and what the future holds for Singapore's traditional media landscape. 36 mins CNA938 Rewind - TalkBack: Will the RTS Link encourage you to take the train instead of driving across? The Johor Bahru-Singapore RTS Link marked a key milestone with the unveiling of its first train. As this long-awaited cross-border rail project edges closer to reality, will it encourage you to take the train instead of driving across? Lance Alexander and Daniel Martin speak with transport analyst Terence Fan, Assistant Professor in Strategy and Entrepreneurship at Singapore Management University. 25 mins
Yahoo
27-06-2025
- Business
- Yahoo
Salesforce AI, Kraken payment app, CoreWeave: Trending Tickers
Market Catalysts host Brad Smith goes over some of the top moving stocks of the day with Thomas Hayes, Great Hill Capital chairman and managing member. Salesforce (CRM) is ramping up artificial intelligence (AI) integration, with CEO Marc Benioff saying up to 50% of work is now AI-driven. Cryptocurrency exchange Kraken ( has announced its own peer-to-peer payment app — Krak — creating competition for Block-owned (XYZ) CashApp and PayPal-owned (PYPL) Venmo. CoreWeave (CRWV) stock continues to soar, climbing over 300% since its initial public offering (IPO). To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. Time now for some of today's trending tickers. We are watching Salesforce, PayPal, Block, and CoreWeave. First up, Salesforce CEO Marc Benioff says that 30 to 50% of the company's work is being done by artificial intelligence. This move to embrace AI that led to the software company cutting over 1,000 positions this year to make room for the technology. Cybersecurity giant CrowdStrike and other tech companies are making similar decisions to embrace AI. Let's bring back in Thomas Hayes, Great Hill Capital Chairman and Managing Member, back in for this. Okay, we were talking about some of these cuts as well and the move towards AI, how that's impacting not just head count, but the productivity gains that we're seeing across some organizations. It seems like another similar story. Yeah, there's no question about it. I I think again that the the where you want to be focused in the second half is not the obvious AI plays. It's in it's in the Brad Jacobs of the world like the GXO Logistics with the robotics A, with the uh QXO with the building supply, applying these technologies. You know, Brad Jacobs bought Beacon Roofing Supply and he paid 11 times EBITDA and everyone's like, oh, isn't he like a smart value guy? Uh he kind of overpaid because he needed a platform company. He goes, no, no, no. We're going to double we're going to implement these technologies and we are going to double EBITDA over the next few years. So he effectively paid five times EBITDA and you're going to see more and more of this in boring industrial companies, in consumer products companies, uh and the like. So so this is the next theme to pay attention to, not to discount the benefits and and the NVIDIAs of the world will continue to do great. But to look for like where can I get doubles and triples, not incremental growth of things that have already run up. But I mean, when Mark Benioff says something like this, does it essentially signal that there is even more productivity that they can extract from the AI use cases that they're already seeing internally at their companies and the number of other major software companies out there that are trying to do the same thing while also selling solutions to their customer base. Look, when Mark Benioff talks, you have to listen, okay? And if he's doing it in his own company, guess what the next step is. He's going to be doing it for all the other consumers, the clients of Salesforce and helping them to become more productive. But on in the short term, it looks like a panic. It's like, oh, everyone's going to lose their job. In the long term, what we know is all these new technologies create new cottage industries, create new jobs, create new opportunities. So in the short term there is some dislocation, increase productivity for sure. In the intermediate and long term, it creates new industries, it creates new servicing, it creates new things that we don't even know that we don't know. Uh and that's just the beauty of progress. Next up here, I want to talk about cryptocurrency exchange Kraken announcing a peer-to-peer payment app, putting it in competition with Block owned Cash App and PayPal owned Venmo. We're seeing those stocks edge lower on this news and this new platform will allow transfers of crypto and fiat currencies in an effort to further expand Kraken's business to more than just digital asset trading here. I think this directly speaks to how much of the mindset among the not even just the crypto curious, but the crypto core out there that are holders and holders of crypto long-term that have already recognized how much they engage with some of the newer platforms like a Kraken versus some of the legacy platforms. Yes, we can call them legacy at this point in PayPal and in uh of course Square or Block. Um Look, this is just a headline. Okay, Crack Kraken, I mean, uh Cash App is a lower quality business. Block is a lower quality business. PayPal is a superlative business. We own PayPal. 453 million users, they're generating record free cash flow, they're buying in 20% of their stock. By the way, they're the sixth largest issuer of stable coins. So they are in the game. They just announced the deal with the Big 12 where the players are going to take their their payments uh uh through PayPal, through Venmo. That's going to create a and you're going to get your team cards, team credit cards, team bonuses. That's going to create a lot of buzz around the millennials and and around the Gen Z. So yes, Kraken's getting in the game, but no, they don't have 450 million active users, two decades of brand equity, uh comfort, uh etc. and Alex Chris who ran uh the business division for into it, which was a monster multibagger. He's applying his innovation to small business at PayPal. It's just early days for the new PayPal since he's come in in just over a year. Finally here, we got to talk CoreWeave. CoreWeave CEO is now among one of the richest executives in the world after the company's meteoric 300% surge. CoreWeave is now one of the 30 best performing stocks on the Nasdaq since its public offering. Taking a look at shares here, adding on about 7/10s, 8/10s of a percent in a move higher here on the day. But if you were to fire up the Yahoo Finance platform and go towards a longer term look since this company went public and this is not even factoring in the day one pop, I don't think, 302% moved to the upside and that happened just earlier this year as well. And so this really getting us back into the mind frame of what the appetite for investors and the clamoring among investors for new names who can show profitability or show a pathway towards getting to sustain profitability making their market debut is actually is right now. Yeah, look, there's pent up demand and uh Wall Street's very good when the ducks are quack and you feed them. So right now, CoreWeave is the only place to put your money if you want to get some of this action. Uh in the next few months you're going to see dozens and dozens and dozens of opportunities that dilute the CoreWeaves of the world, which is a GPU reseller. Uh and uh and you're going to see uh um a little bit more moderation in those those price increases. The ducks are quacking, you feed them. All right, cool. Go feed them on a different side of the lake, not where the fish are because that's where we're fishing. Thanks so much. You can scan the QR code below to track the best and worst performing stocks with Yahoo Finances trending tickers page. Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
Tax cuts are 'most important' part of GOP tax bill for markets
Republicans are racing to finalize President Trump's tax bill ahead of July 4. Brett Ryan, senior US economist at Deutsche Bank, joins Market Catalysts to break down the short-term stimulus effects of the tax bill and the long-term risks to deficit reduction. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. The Congressional Budget Office, known in your hood as the CBO, estimated that the GOP's tax bill will increase the deficit by $2.4 trillion over the next 10 years. University of Pennsylvania's Wharton budget model estimates that estimates that it could increase by as much as $4.3 trillion, with the Senate and House hoping to have a finished version of the tax bill ready by July 4th. This could be the next big piece of economic data. I want to bring in Brett Ryan, Deutsche Bank's senior US economist, and so with me, we've got Thomas Hayes, Great Hill Capital chairman and managing member. Great to have both of you here on set for this conversation. Brett, you know, as we consider what Ben was just breaking down and and teeing up and what we're seeing in the difference of long-term costs that are anticipated here, how are you and your team kind of running the modeling around this? Yeah, sure. So you have the near-term impacts which, you know, all of the the tax benefits, especially for businesses and some of the individual uh measures are front loaded, but the cost savings are back loaded. And you know, we've seen this before, um, and the question is, are you ever going to realize those cost savings? There's obviously substantial debate over Medicaid, uh, and that's where the chunk, a good chunk of the cost savings are coming from. So there is a very real question around that. I think near term, it's probably about 100 to 150 billion of additional stimulus to the economy on top of the uh, on top of the extension of the TCJA. So, and you know, we keep things ba, you know, baseline and then you're adding about another 100 to 150 billion over the next, let's call it two to three years. And so, Tom, there might be people out there wondering, why is this the next major catalyst for the markets, knowing that we've already moved through the Fed's most recent decision and they gave some type of or at least alluded to how they're thinking through certain aspects when asked about it. And then additionally, we already had stronger treasury auctions that took place the week prior to that as well. So what is the the larger implications that traders and investors are thinking through in their mindset? The most important thing here is the tax cuts. Okay, so we've gone from bombing and tariffs to growth and deregulation, and growth is a function of the tax cuts. Uh, as Brett is alluding to, it's a little bit stimulative here and you can kind of talk a little bit more about that in detail. I would just say, uh, so that's critical. So, you know, if tax rates were to go up, uh, it's going to impact earnings, it's going to have a negative impact on the economy hiring, growth, the whole thing. So that's not going to happen. We've got, uh, the treasury doing what they're doing with the SLR, we've got the tax cuts coming in, and animal spirits coming back because mana management can plan, they can start to forecast, kind of understand the rules whereas the first half of the year, everyone was uncertain. So, uh, Brett, how do you handicap this getting done by July 4th or no vacation, no one goes home, lock him in a room. You've been through this process many times. Does this look any different or is this just the normal back and forth and eventually they get something done? Yeah, I mean, it does look like the normal process of back and forth. Um, it's just that there are the two biggest portions of this bill, which are salt cap and Medicaid, are still outstanding and we're a week, we're a week away. And so, you know, our baseline has been that it gets done uh sometime after the July 4th recess. You know, this is an arbitrary deadline. Yeah. You know, the only thing that the shot clock here is the debt limit and that's not until September or October. So could this slip till later? Of course, absolutely. Um, but to your point about markets, this is a large anticipation as we saw in the wake of the 2017 tax cuts. Um, there share buybacks increased materially. That's one of the reasons why equity markets are probably um, a little bit uh, you know, bouncing back from all of these issues.
Yahoo
27-06-2025
- Business
- Yahoo
Why BlackRock is reportedly making a private asset 401(k) push
BlackRock (BLK) is reportedly offering private market data to a Great Gray Trust 401(k), according to The Wall Street Journal. Great Hill Capital chairman and managing member Thomas Hayes explains why the asset manager is making this shift. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. BlackRock, the world's largest asset manager, plans to provide public and some private data for a 401k target date fund offered by Great Gray Trust, that's according to the Wall Street Journal. This comes as BlackRock is pushing to bring retail investors into the private market with its own funds becoming available for 401k plans starting the first half of 2026. I still have Thomas Hayes, Great Hill Capital chairman and managing member with me here. And as we're taking a look at shares of BlackRock, they're up by about 1% here on the day. Is this really expected to move the dial longer term here? Why does it make sense for BlackRock to do this? Yeah, I I think they're doing it because they can. Okay? It's a huge market. The idea is to democratize private equity, but you see they follow the trends. You know, first, Larry Fink said, uh, Bitcoin was no good, and then the thing took off, and then he started offering it to the public with the ETFs, etc. So, I I do think that there is going to be a place. This is going to be promoted by a lot of financial advisors. This is going to be a part of the portfolio. The beauty of private equity and private credit, which has become so popular, is that you have, uh, no mark-to-market. So it's perceived low volatility because they mark the assets, what we used to say during the Great Financial Crisis, mark to make believe or mark to whatever. And you never really see a mark until the asset is worth zero until it's fully marked down. So, in a bull market like this, everything's marked up. Everyone's happy. There's no volatility. You don't see that daily volatility. Retail loves that. Institutions, institutional consultants love not having the volatility. They love their sharp ratios when they come in with the 25-year-old with their clipboard. Uh uh, but when you take the marks, the marks are big. So I I think there's going to be a place for this in in a lot of 401Ks, and and for a lot of retail investors are going to try their hand. But as you move into a recessionary type of period, these are the assets that you want to be careful of. Yeah, I was taking a look at one of the charts from Torsten Slok, Apollo Chief Economist, saying private equity as a percentage of public equity market 2003, 3.8%, 2024, 8.8%. That's some of the growth here that we've seen. Tom, it's been great to have you here on set with us. Thomas Hayes, who is, uh, of Great Hill Capital and taking some time here in New York with us. Thank you so much. Thanks for having me. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Market risk factors: Where tariff impacts stand right now
Market Domination host Josh Lipton chats with Yardeni Research president Ed Yardeni, Yahoo Finance anchor Julie Hyman, and Great Hill Capital chairman Thomas Hayes to discuss current market sentiment amid the ongoing conflict in the Middle East and how tariffs fit into the picture. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Sign in to access your portfolio
