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.

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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

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.

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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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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.

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KKR

OCTOBER 19, 2024

New investment supports Varsity Brands’ growth strategy and mission to serve sports teams, schools, and student-athletes DALLAS & NEW YORK--(BUSINESS WIRE)-- Varsity Brands (the “Company”), a leader in team sports, athletics and spirit, and KKR, a leading global investment firm, today announced the completion of the acquisition of Varsity Brands by KKR from Bain Capital and Charlesbank.

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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”).

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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.

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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.

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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.

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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.

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The Motley Fool

OCTOBER 19, 2024

Finding stocks with healthy dividend yields isn't too tough of a task. Finding above-average yields based on dividends that will be sustained into the foreseeable future, however, is a different story. Sometimes yields are only high because investors are dumping a stock, sensing bad news is on the horizon. With that in mind, here's a closer look at three ultra-high-yield stocks paying dividends that are indeed well protected, and should remain so for a long while. 1.

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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.

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The Motley Fool

OCTOBER 19, 2024

Artificial intelligence (AI) is the hottest topic on Wall Street and is expanding quickly to Main Street as businesses adopt these solutions at lightning speeds. Open AI's ChatGPT caused a search and query revolution, while Nvidia's unprecedented growth helped power the Nasdaq Composite and S&P 500 to new highs. AI is a vast field, and investors have oodles of options, from companies that provide tech research, like Gartner , to those providing integrated software, like Microsoft's Copilot,

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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.

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The Motley Fool

OCTOBER 19, 2024

Nvidia (NASDAQ: NVDA) pioneered the graphics processing unit (GPU) in 1999 to render computer graphics for gaming and multimedia purposes. Since GPUs are capable of parallel processing -- meaning they can seamlessly perform multiple tasks at the same time -- they are also ideal for compute-intensive workloads like machine learning and artificial intelligence (AI) development.

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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.

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The Motley Fool

OCTOBER 19, 2024

Oil markets have been very volatile in recent years. In 2020, the price per barrel fell below $25, only to zoom past the $100 market two years later. Today, oil prices are hovering around $70 per barrel. If you're looking for oil stocks that can thrive in varying conditions, the two companies below are for you. Trust in superior capital allocation Capital allocation in the oil space can be difficult because a company's survival is often prioritized over shareholder profits.

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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).

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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.

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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.

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The Motley Fool

OCTOBER 19, 2024

Shares of Walgreens Boots Alliance (NASDAQ: WBA) rallied sharply following better-than-expected earnings in its fiscal fourth quarter (ended Sept. 30). The pharmacy retailer and drug wholesale giant delivered a sales rebound while offering positive guidance through a series of new restructuring initiatives. Investors should welcome the news as Walgreens stock had been in a free-fall, losing more than half its value just this year.

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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.

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The Motley Fool

OCTOBER 19, 2024

Tesla (NASDAQ: TSLA) hosted an event called "We, Robot" last week to display its prototype-autonomous vehicles and humanoid robots. Investors were disappointed. Tesla shares are now down 10% in the last five trading days (as of this writing) as Wall Street gets increasingly skeptical on how material the "Cybercab" and Tesla Optimus Bots will be to the company's bottom line anytime soon.

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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.

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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.

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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.

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The Motley Fool

OCTOBER 19, 2024

Image source: The Motley Fool/Getty Images Credit cards offer lots of useful features. With the top credit cards , you can find sign-up bonuses worth hundreds of dollars, earn cash back or travel rewards, and get complimentary purchase protections, to name a few common benefits. The tradeoff is that credit cards also have extremely high interest rates.

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Debt Funds Companies 245

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.

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The Motley Fool

OCTOBER 19, 2024

Up over 200% in 2024, restaurant company Cava Group (NYSE: CAVA) is one of the hottest stocks on the entire stock market, and for good reason. Its revenue was up a stunning 35% year over year in the second quarter of 2024, and its net profit soared 200% to $20 million. Moreover, with only 341 locations at the end of the quarter, this little restaurant company could have many more years of profitable growth ahead.

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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.

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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.

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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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Portfolios Investment Firms Investing 40

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

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