US Consumer Sentiment Rises to a Five-Month High
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
Smith Micro Announces Closing of Follow-On Offering
PITTSBURGH, July 18, 2025--(BUSINESS WIRE)--Smith Micro Software, Inc. (the "Company" or "Smith Micro") (Nasdaq: SMSI) today announced the closing of its offering of 1,612,903 registered shares of its common stock (together with accompanying unregistered warrants) at a price of $0.93 per share to certain institutional and accredited investors pursuant to a definitive agreement with the investors. The warrants entitle the holders to purchase up to an aggregate of 1,612,903 shares of the Company's common stock at an exercise price of $1.20 per share (subject to certain downward pricing adjustments, including anti-dilution protection). The warrants were issued to the investors in a private placement, are immediately exercisable and will expire five years after issuance. The offering and concurrent private placement resulted in gross proceeds to the Company of approximately $1.5 million prior to fees and offering expenses. The Company intends to use the proceeds of the registered offering and concurrent private placement for working capital and general corporate purposes. Chardan served as financial advisor to the Company in connection with the registered offering and concurrent private placement. Buchanan Ingersoll & Rooney PC served as legal counsel to the Company in the transactions, while Haynes and Boone, LLP served as legal counsel to the investors. A shelf registration statement on Form S-3, File No. 333-287029, relating to the registered offering of the shares of common stock described above was filed with the Securities and Exchange Commission ("SEC") and declared effective on May 16, 2025. A prospectus supplement describing the terms of the registered offering and the accompanying base prospectus were filed with the SEC and are available for free on the SEC's website located at The offering of the common stock in the registered offering was made only by means of a prospectus. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the registered offering, when available, may be obtained by contacting: Smith Micro Software, Inc., 5800 Corporate Drive, Pittsburgh, PA 15237 Attn: Investor Relations, telephone: 412-837-5300, or by email at ir@ The warrants were offered and sold in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D of the Securities Act and in reliance on similar exemptions under applicable state laws. Accordingly, the warrants and underlying shares of common stock issuable upon exercise of the warrants may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws. The Company has agreed to file registration statements with the SEC registering the resale of the shares of common stock issuable upon exercise of the unregistered warrants issued in connection with the private placement concurrent with the registered offering. This press release is not an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Smith Micro Software, Inc. Smith Micro develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers around the world. From enabling Digital Family Lifestyle™ solutions to providing powerful voice messaging capabilities, our solutions enrich today's connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer IoT devices. For more information, visit Smith Micro and the Smith Micro logo are registered trademarks or trademarks of Smith Micro Software, Inc. Forward-Looking Statements Certain statements in this release are forward-looking statements regarding future events or results within the meaning of the Private Securities Litigation Reform Act, including statements related to the Company's market and other conditions; the ability of the Company to satisfy its post-closing obligations in connection with the offering; the anticipated use of proceeds from the offering; and other statements using such words as "expect," "anticipate," "believe," "plan," "intend," "could," "may," "will" and other similar expressions. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including risks and uncertainties related to market conditions, the satisfaction of offering-related contractual post-closing obligations in connection with the transactions, and the use of proceeds from the offering. These and other factors discussed in our filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management, and we do not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release. View source version on Contacts PR/IR INQUIRIES: Charles MessmanInvestor Relations(949) 362-2306IR@ 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
18 minutes ago
- Yahoo
Trump expected to push for 401(k) private assets: Pros & cons
US President Trump is expected to sign an executive order that would make it easier to own private assets in a retirement account. Yahoo Finance Senior Columnist Kerry Hannon breaks down what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. President Trump gearing up to sign an executive order to open retirement plans to private markets, senior columnist, Carrie Hannon is here with more, Carrie. Uh yes, um, the president is expected to sign uh an executive order directing the so the Securities and Exchange Commission to give guidance to mutual fund administrator for to four one K plan specifically administrators of how to add private assets into their retirement account offerings. And this is sort of a big deal. The fact is private assets have been a it's not illegal to have them in retirement accounts as it is. And pension funds have done this for decades. But the issue is most plan administrators don't really understand how to fold those into their four one K plan offerings. And there are some really good things about this. So we'll start with the pro stuff. If you were to put these this can be a variety of assets, right? It can be hedge funds, it can be private, um, uh, real estate things, infrastructure, all variety of things that most people don't quite get a grip on and to get into those assets you needed to have pretty high net worth or a minimum, the minimum requirement invest was fairly high. So the point is that this could actually help people give them an extra boost in their retirement accounts. It adds diversification to these retirement accounts. And when you think about people are living longer, Social Security shortfalls that people are worried about, cost of living is going up. So for people who are investing for the long run, and Larry Fink at BlackRock said over a 40 year period, these private assets could, you know, return 15% to someone. So this is rather significant if you look at it that way. But if you turn the corner and look the other way, if it's somebody who is not investing for the long term, they need to get the money out in a shorter time frame. These tend to be fairly illiquid, the fees can be high, and and there's a concern that people don't really understand what they are. And I'll just to finalize that by saying, you know, most people don't have a clue what they're investing in anyway. Um, most employers automatically put their their employees in target date funds which are plain vanilla index funds and people set them and forget them. So it will take a lot of education for people to understand and I'm a big fan of people understanding what they're investing in, but it's not all a negative thing. These can have some real good boost ultimately over the long run. If someone get a small percentage, I would say you wouldn't want more than 15% of your portfolio, your retirement savings in private assets. All right, Lou, get you in here. So let's say Lou, I'm private equity now Lou, I'm Blackstone, I'm KKR. And I say to you Lou, you know, all I'm trying to do Lou, I'm just trying to give people more options, I'm trying to give them more choices, right? And more diversification. What's wrong with, you know, maybe a chance to have a a meteor return? What's wrong with that? Yeah, I'll I'll play this game. I'm with Carrie, there's a lot of cons, but if you're BlackRock and KKR, I know this, pension funds and endowments aren't allocating as much money to you, and there's a huge pot at the end of the rainbow of about 9 to 12 trillion dollars in four one K accounts that seems really appealing to sell these highly liquid, uh not transparent, high feed products that could or could not outperform the S&P 500. I'm with Carrie, education is paramount. 43% of people only consider themselves financially literate based on our latest Finra study. That's a lot of people we got to educate before we give them access to things that are really difficult to understand. And Carrie, you know, Lou makes very good points as always. What would the private equity guys say Carrie? Would they say listen, you know what? Finance changes, investing changes, public markets change, and you got to change with it and so does your portfolio. Well, you know what I got to say? These are coming no matter what. So I think we can talk all we want, but I think this is this is definitely something that is coming down the road. Yes, things do change, but um, you know, the old 60 40 portfolio, which most retirement investors have been encouraged to have over the years, mixture of stocks and bonds, has done pretty well over time. But yes, we are in new times, but I just, you know, I think it's good to offer some extra uh oomph to people if that's possible, but it's it's a really tricky thing because this is money that people are socking away to really for their futures and and if they do, we see people pulling money out of their retirement accounts right now, you know, taking uh early early distributions, and this would be not a good situation. Carrie, great to see you as always. Enjoy the weekend. You too. Related Videos Q2 earnings trends to watch: Tariff mentions, AI, and outlooks Metafide CEO: Stablecoin Law "Great Thing for Market" Huntington Bank CFO: Q2 Earnings Were "Phenomenal" Why Netflix might want to 'pivot' to take on YouTube Sign in to access your portfolio
Yahoo
18 minutes ago
- Yahoo
Q2 earnings trends to watch: Tariff mentions, AI, and outlooks
Second quarter earnings season is officially underway as Big Bank names reported results this week. Senior Reporter Allie Canal takes a closer look at what Wall Street experts have told Yahoo Finance about earnings. Additionally, Prairie Operating executive vice president of market strategy and founder, Lou Basenese, outlines what he's watching for in upcoming results. Check out Yahoo Finance's interviews with Wall Street experts: NYSE senior market strategist Michael Reinking and Annex Wealth Management's chief economist and strategist Brian Jacobsen. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. office this week. Here's a little bit more of what they told us. We've had this 25% rally off of the lows, right? So expectations from that perspective are much higher. Now, I do think, um, you know, we've seen pretty muted responses to very solid numbers, you know, kind of thus far throughout the quarter. I expect that we're going to be seeing a lot of volatility in terms of the companies that are meeting expectations, probably fine, but the misses are probably going to get punished a lot more than usual. I don't think investors have the patience to really deal with companies that are missing with any of those estimates. For me, it's like how many people say for now at the end of the sentence, right? So, I said all the flags are heading in the right direction. Yeah. for now. So, Mark Malik making that point that there's still a lot of uncertainty here within this market, especially when it comes to tariff and policy unknowns. You guys were just talking about what the Fed could be doing. That's also an overhang in the market as well. We'll be hearing from more companies throughout the course of earnings season, especially those that are more sensitive to the tariff front, and hopefully that gives investors a little bit more clarity, but at least from what we saw this week, the bar was low. However, investor reaction is certainly high, and good just isn't good enough. Lou, get your your take as well. Earnings season. I mean, we're early days still, Lou, but you got the big banks, uh, a lot of big tech on the way. What do you make so far what you heard? Yeah. Early, it's usually beat and rally. I think we're going to get beat and delayed rally, uh, just because I think everyone wants to see that the majority of the market is going to beat expectations. Remember, last quarter, earnings were only supposed to be about 6% growth, and we got 12%. I think you had lowered expectations going in. As we get through the big tech names, you see that continued out performance. There's a lot of room to rally from here. What are you, what are you listening for, Lou, on the call? Some of the themes, tariffs, consumer economy, and as we get deeper in earnings season, I've had some strategist Lou on the show tell me they expect to hear more CEOs and CFOs say, "You know what? There's too much uncertainty. I'm not offering guidance. I'm not going to offer a forecast. Why put my neck out there?" Is that what you expect? Yeah, I don't expect that, cuz last quarter, we had 51 S&P 500 companies actually raise guidance talking about that for it, which kind of goes against the grain. I'm really looking for how much decrease we see in the mention of the word tariffs, how much increase in the word AI, and then really what's the the guidance, right? You can have a quarter that's so so, but what what are you looking for moving forward, and people raising guidance. That would be the real tell to me that this market can move higher, even if we don't get an interest rate cut because earnings are going to go higher. Ali, on these calls, I'll ask you else also a lot more calls you're going to be monitoring. What what are some of the themes, the trends you want to be listening for? Yeah, I think Lou brought up a good point that we seem to have reached peak uncertainty when it comes to the tariff front. Companies seem to have a little bit more of a gauge on where the future of the economy is heading, especially since the hard data, retail sales, for example, coming in strong this week. We have jobless claims at solid levels. So, overall, the health of the US economy seems stable for now. That is the the overarching theme here. So, I'm just looking more into what companies are saying about the resiliency of the consumer, whether or not they're seeing any cracks underneath the surface, and to that point, we have not heard that. All the big banks have called out a resilient consumer. Netflix on the call last night said they're not seeing any trading down. They're not seeing any different purchasing behaviors. So, so far, everything seems to be hunky dory on the consumer side. However, there is this emerging trend when it comes to high-income consumers versus those lower-income consumers. So, I'm curious to hear from some of those other companies that maybe are more exposed to that type of consumer to see if there are any deeper cracks underneath the surface. One more quick one, Lou, as we head into the mouth of earnings season here, right? Uh, given the summer melt up we have seen, are any concerns to you that we're looking in any way frothy here? Yeah, I mean, valuations are definitely getting stretched. I think you have to be a stock picker, not an indexer in this market. I mean, if you look, you talked about Netflix. Ali was saying it's at 14 40 times forward earnings. That's rich by anyone's metric. Um, we talked about energy before, trading at really low valuations, about 15 times forward earnings. So, I think this market conditions with the earnings growth is good for maybe another 5 to 10% in the major indexes, but if you're looking for double digits for sure, I think you got to become an individual stock picker. All right. Thank you, Ali. Appreciate it. Related Videos Trump expected to push for 401(k) private assets: Pros & cons Huntington Bank CFO: Q2 Earnings Were "Phenomenal" Why Netflix might want to 'pivot' to take on YouTube What retirees should know amid uncertainty: Ask Yahoo Finance 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
