The Motley Fool
OCTOBER 19, 2024
Rivian Automotive (NASDAQ: RIVN) attracted a stampede of bulls with its IPO on Nov. 9, 2021. The electric vehicle (EV) maker went public at $78 per share, and its stock opened at $106.75 before touching a record high of $172.01 just a week later. At that peak, Rivian's market cap hit $153 billion, which was 92 times higher than the revenue it would generate in 2022.
Financial Times M&A
OCTOBER 19, 2024
GQG Partners, which also holds stakes in Commerzbank and CaixaBank, sold shares during the summer
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The Motley Fool
OCTOBER 19, 2024
The Social Security program faces many challenges in the coming years to solve financial issues, and address other issues that stakeholders say badly need change. While this won't happen overnight, there is now a bipartisan effort to get rid of two provisions that limit -- and in some cases eliminate -- Social Security benefits for millions of Americans based on where they worked for part of their careers.
The Big Picture
OCTOBER 19, 2024
The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The FBI secretly created a coin to investigate crypto pump-and-dump schemes :NexFundAI, the FBI’s Ethereum-based token, was used to investigate price manipulation in crypto markets. ( The Verge ) • Are We Too Impatient to Be Intelligent?
The Motley Fool
OCTOBER 19, 2024
In the first half of 2024, the billionaires listed below started positions in BlackRock 's exchange-traded fund (ETF) that tracks the spot price of Bitcoin (CRYPTO: BTC). The fund is called the iShares Bitcoin Trust (NASDAQ: IBIT). Their positions remain small, but their ownership is still noteworthy because they manage the three best-performing hedge funds in history as measured by net gains, according to LCH Investments.
KKR
OCTOBER 19, 2024
NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR has acquired a portfolio of six well-located, Class A industrial logistics properties in major U.S. Gateway and Sunbelt markets for approximately $377 million. The six modern industrial properties possess an average vintage of 2014 and feature 35-foot average clear heights.
The Motley Fool
OCTOBER 19, 2024
AST SpaceMobile (NASDAQ: ASTS) is one giant leap closer to the finish line. Based on the news flow around the company's plan to build a space-based broadband cellular network, the shares were bid up to around $38 in mid-August. Then, as is so common on Wall Street, investors got bored and moved on. AST SpaceMobile's stock currently trades at around $24 per share.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
The Motley Fool
OCTOBER 19, 2024
Artificial intelligence (AI) has the power to transform society and revolutionize the economy, at least according to its evangelists. Whether it lives up to its full potential is yet to be seen, but the technology's impact is already being felt, and with firms like PwC -- one of the "big four" accountants -- claiming the technology could add $15.7 trillion to the global economy by 2030, its revolutionary power looks to be more than just hype.
KKR
OCTOBER 19, 2024
27 August 2024 – Orchid Lux HoldCo S.à r.l. (“Bidder”), a holding company controlled by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), today announced the receipt of the last outstanding regulatory approval for the voluntary public tender offer for the shares (ISIN: DE0005936124) of OHB SE (“OHB”).
The Motley Fool
OCTOBER 19, 2024
The S&P 500 (SNPINDEX: ^GSPC) is the most widely followed stock market index in the U.S. and includes the 500 largest companies in the country. Because it contains a broad swath of American businesses, it's also considered by many to be the best overall benchmark and the most reliable gauge of overall stock market performance. The storied index has been squarely in rally mode since it bottomed in October 2022, driven higher by waning inflation, the advance of artificial intelligence (AI) , a
KKR
OCTOBER 19, 2024
NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Raj Agrawal, Partner and Global Head of Infrastructure, will present at the Barclays Global Financial Services Conference on Monday, September 9, 2024 at 9:45 AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For.
The Motley Fool
OCTOBER 19, 2024
The Dow Jones Industrial Average (DJINDICES: ^DJI) has 30 industry-leading components that act as representatives of the U.S. economy. The index's rich history has made it a go-to destination for investors looking for quality names that can help them generate dividend income. Over time, the composition of the Dow has changed to reflect the growing influence of technology on the economy, which has helped the Dow produce impressive gains in recent years.
KKR
OCTOBER 19, 2024
London, 3 September 2024 – KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have completed the off-market acquisition of a prime UK logistics portfolio from PLP, totalling 890,364 square feet across five assets. The portfolio is currently 80% let, with a weighted average lease term to break of 10 years. The assets provide best-in-class specifications, including BREEAM Very Good certifications and EPC A+ ratings.
The Motley Fool
OCTOBER 19, 2024
If you've never heard of Nu Holdings (NYSE: NU) , this could be your chance to buy into a growth superstar at a discount. While the company does face some challenges over the next three years, there's more than enough opportunity to make up for it. If you're willing to buy and hold, this could become a stellar investment. Don't expect history to repeat itself Nu is the perfect example of a fintech company.
KKR
OCTOBER 19, 2024
Berlin, September 19, 2024 – Axel Springer SE (“Axel Springer”) today announced a strategic decision to create a new corporate structure for the company, with a goal to create a focused media company and separately held classifieds businesses. The new corporate structure is designed to position all businesses for optimal future growth potential and success in their respective markets.
The Motley Fool
OCTOBER 19, 2024
Steadily building a portfolio of high-quality dividend payers could set you up for decades of passive income. Ideally, you'll find companies that not only pay a solid dividend today but can pay bigger and bigger dividends over time. That should prevent you from having to sell your shares for extra income in retirement, and such stocks have historically outperformed the rest of the market too.
KKR
OCTOBER 19, 2024
The Fund is the first of its kind at KKR, targeting the large and fragmented North American middle market KKR to support implementation of broad-based employee ownership and engagement programs in all control investments in the Fund NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the final closing of KKR Ascendant Fund SCSP (“Ascendant” or the “Fund”), a $4.6.
The Motley Fool
OCTOBER 19, 2024
Dividend stocks aren't in high demand now that investments like CDs are paying fatter yields than most top dividend performers. You can still get no-risk yields of over 4% with bank-issued CDs, after all, which is more than twice the current yield on the S&P 500 index. Ironically, that situation might set investors up for some excellent long-term returns if they focus on buying these two dividend stocks while Wall Street is looking elsewhere for gains.
KKR
OCTOBER 19, 2024
NEW YORK--(BUSINESS WIRE)-- KKR today announced income from monetization activity in excess of $535 million with respect to the period from July 1, 2024 through September 23, 2024 based on information available as of today. In its Asset Management segment, KKR has earned total realized performance income and realized investment income in excess of $450 million.
The Motley Fool
OCTOBER 19, 2024
ServiceNow (NYSE: NOW) stock has marched to new highs this year, and Wall Street analysts are generally bullish on the stock's prospects. Samad Samana has a "buy" rating on ServiceNow, and the Jefferies analyst recently raised their price target from $900 to $1,100, implying near-term upside of 20% for the stock. ServiceNow's software has been in high demand as businesses look for ways to improve employee productivity.
KKR
OCTOBER 19, 2024
New Report Highlights the Private Alternatives Sector’s Expansion Beyond Private Equity and Potential for Future Growth NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released “An Alternative Perspective: Past, Present, and Future,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
The Motley Fool
OCTOBER 19, 2024
Millions of retired Americans rely on Social Security as a key source of monthly income. And that makes the program's cost-of-living adjustments, or COLAs, so important. Automatic COLAs were introduced to Social Security in 1975. And their purpose is to help seniors maintain their buying power as inflation drives the cost of living upward over time.
KKR
OCTOBER 19, 2024
SYDNEY--(BUSINESS WIRE)-- KKR, a leading global investment firm, and the Skip Essential Infrastructure Fund, today announced the signing of definitive agreements under which a consortium of KKR (on behalf of funds managed by it) and the Skip Essential Infrastructure Fund (the ‘Consortium’) will acquire a 74.25% stake in Queensland Airports Limited (‘Queensland Airports’) from The.
The Motley Fool
OCTOBER 19, 2024
Over the last century, no asset class has performed better than stocks. While Treasury bonds, housing, and various commodities, including gold, silver, and oil, have delivered positive returns, nothing has come close to matching the annualized return stocks have brought to the table. Thanks to the artificial intelligence (AI) revolution, stock-split euphoria, and stronger-than-expected corporate earnings, Wall Street's bull market rally recently celebrated its two-year anniversary.
KKR
OCTOBER 19, 2024
All 900+ GSI Employee Owners to Earn Cash Payouts, with Longest Tenured Hourly Employees Each Receiving Over $325,000 in Proceeds DENVER & NEW YORK--(BUSINESS WIRE)-- KKR today announced an agreement to sell GeoStabilization International (“GSI” or the “Company”) to Leonard Green & Partners, L.P. (“LGP”). GSI is a leading provider of geohazard mitigation solutions and roadway safety services.
The Motley Fool
OCTOBER 19, 2024
Kinder Morgan 's (NYSE: KMI) co-founder and executive chair, Richard Kinder, knows the natural gas midstream space as well as anybody. He's helped build the company into the country's leader in natural gas infrastructure. Kinder Morgan operates 60,000 miles of gas pipelines (which move 40% of the country's gas production) and has interests in 702 billion cubic feet of working gas storage capacity (15% of the country's total).
KKR
OCTOBER 19, 2024
NEW YORK – September, 27th, 2024 – BBVA and leading global investment firm KKR have formed a new strategic partnership to support the decarbonization of the real economy.
The Motley Fool
OCTOBER 19, 2024
It seems that, eventually, everyone changes their tune on Bitcoin (CRYPTO: BTC). One of those people is none other than Larry Fink, billionaire chief executive officer of BlackRock , the world's largest asset manager. Fink was once a Bitcoin skeptic, dismissing it as worthless, but he has since done a 180 and is now leading the charge to integrate Bitcoin into traditional finance and bring the cryptocurrency to the masses.
KKR
OCTOBER 19, 2024
PORTLAND, Ore.--(BUSINESS WIRE)--Powin, a global leader in battery energy storage solutions, announced today that it has successfully secured a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR, a leading global investment firm.
The Motley Fool
OCTOBER 19, 2024
Boeing's labor strike entered its sixth week on Friday. With 33,000 workers from the International Association of Machinists (IAM) off the job and on the picket lines, Boeing (NYSE: BA) production of 737, 767, and 777 airliners is shut down and, according to even the most conservative estimates, Boeing is losing $1 billion a month as the strike drags on.
KKR
OCTOBER 19, 2024
BOULDER, Colo. and NEW YORK , Oct. 2, 2024 /PRNewswire/ -- Peregrine Energy Solutions LLC ("Peregrine"), an integrated multi-technology clean energy platform with a focus on utility-scale energy storage, and KKR, a leading global investment firm, today announced that Peregrine has closed on a credit facility from insurance accounts managed by KKR that can provide financing for up to $250 million in assets.
The Motley Fool
OCTOBER 19, 2024
For most people, $50,000 is a nice sum of money. In fact, you can buy a pretty nice car with that amount. However, instead of spending it, the best move over the long term would be to invest. And when it comes to investing, technology stocks are one of the first places long-term investors should look. As technology, like artificial intelligence (AI) , continues to transform the world we live in, technology companies have become the biggest stock market winners.
KKR
OCTOBER 19, 2024
NEW YORK & CHICAGO--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR has acquired The Parking Spot (“TPS” or the “Company”), the nation’s leading owner and operator of near-airport parking properties, from an affiliate of Green Courte Partners, LLC, a private equity real estate investment firm. Financial terms of the transaction were not disclosed.
The Motley Fool
OCTOBER 19, 2024
Nvidia (NASDAQ: NVDA) dominated the artificial intelligence boom thus far, and it's easy to see why. The company has a monopoly-like share of the data center GPU market with an estimated 98% in 2023. Those are the components that cloud hyperscalers like Amazon and Microsoft and AI start-ups like OpenAI depend on to run intensive generative AI applications like ChatGPT.
KKR
OCTOBER 19, 2024
NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the third quarter 2024 on Thursday, October 24, 2024, before the opening of trading on the New York Stock Exchange. A conference call to discuss KKR’s financial results will be held on Thursday, October 24, 2024 at 10:00 a.m.
The Motley Fool
OCTOBER 19, 2024
Warren Buffett has served as the CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) since 1965. He and his team manage a portfolio of publicly traded stocks and securities worth $318 billion, in addition to $277 billion in cash and numerous private wholly owned subsidiaries. Berkshire stock has delivered a compound annual return of 19.8% under Buffett's leadership, which could have turned an investment of $1,000 into more than $42 million over his 59-year tenure.
KKR
OCTOBER 19, 2024
NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR has acquired a portfolio of six well-located, Class A industrial logistics properties in major U.S. Gateway and Sunbelt markets for approximately $377 million. The six modern industrial properties possess an average vintage of 2014 and feature 35-foot average clear heights.
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