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Social Security is the foundation for most Americans' retirement plans. Without that benefit program, nearly 4 in 10 Americans 65 and older would have incomes that fall below the federal poverty line, according to the Center on Budget and Policy Priorities. The difference between keeping all of their benefits and losing even a portion of them can be massive for those households.
Agellus Capital has held a final and hard cap close of its debut fund, Agellus Capital Private Equity Fund I LP (Fund I), with total limited partner capital commitments of $400 million. The new fund was oversubscribed and closed above its $350 million target after just five months of fundraising. Agellus was founded in March 2024 by Thompson Street Managing Director Jeff Aiello and Audax Managing Director Beau Thomas.
Mortgage rates remain elevated and existing home inventories remain near generational lows. In this video, I sit down with eXp Realty (NASDAQ: EXPI) CEO Leo Pareja to find out where he sees the real estate market heading for the rest of 2024, into 2025, and beyond. You might be surprised at his outlook. *Stock prices used were the morning prices of July 18, 2024.
Promptfoo, a San Francisco, CA-based open-source LLM testing company, raised $5M in Seed funding. The round was led by Andreessen Horowitz with participation from Tobi Lutke (CEO, Shopify), Stanislav Vishnevskiy (CTO, Discord), Frederic Kerrest (Vice-Chairman & Co-Founder, Okta), and many other top executives in the technology, security, and financial industries.
Social Security benefits can be claimed at any age between 62 and 70. Starting earlier will get you smaller checks but many more of them, while delaying your claim will beef up your checks, though you'll receive fewer of them. The decision of when to start collecting your Social Security benefits is a big one, and you'll want to put a lot of thought into it.
Vijil, a Menlo Park, CA-based company delivering AI agents to enterprises, raised $6M in Seed funding. The round was led by AIStart seed fund and Gradient Ventures. The company intends to use the funds to expand operations and its business reach. Led by CEO Vin Sharma, Vijil is helping enterprises build and operate AI agents […] The post Vijil Raises $6M in Seed Funding appeared first on FinSMEs.
Nvidia 's graphics processing units (GPUs) for data centers are used to develop the most advanced artificial intelligence (AI) models in the world, placing the company at the forefront of this new technological revolution. Nvidia has consistently delivered triple-digit growth in its revenue over the past year, catapulting the company to a whopping $2.9 trillion valuation.
Skippio, a Dublin, Ireland-based tech startup providing a platform to enhance the fan experience at large-scale venues and events, raised €540K in Seed funding. The round was led by private investors with the support of Enterprise Ireland High-Potential Start-Up (HPSU) funding. The company intends to use the funds to expand operations and its development efforts. […] The post Skippio Raises €540k in Seed Funding appeared first on FinSMEs.
Skippio, a Dublin, Ireland-based tech startup providing a platform to enhance the fan experience at large-scale venues and events, raised €540K in Seed funding. The round was led by private investors with the support of Enterprise Ireland High-Potential Start-Up (HPSU) funding. The company intends to use the funds to expand operations and its development efforts. […] The post Skippio Raises €540k in Seed Funding appeared first on FinSMEs.
Tesla (NASDAQ: TSLA) stock fell 11% through 11:45 a.m. ET Wednesday after the company badly missed analyst forecasts for earnings Tuesday night. Heading into the second-quarter report, Wall Street forecast the electric car leader would earn $0.62 per share on sales of $24.8 billion. Tesla exceeded the latter expectation, reporting Q2 sales of $25.5 billion.
Didero, a NYC-based AI procurement agent startup, raised $7M in Seed funding. The round was led by First Round Capital, with participation from Construct Capital, AI Grant, Box Group, Company Ventures, and Conviction. The company intends to use the funds to expand operations and its development efforts. Led by Tim Spencer, Tom Petit, and Lorenz Pallhuber, Didero […] The post Didero Raises $7M in Seed Funding appeared first on FinSMEs.
Warren Buffett keeps selling stocks. The Oracle of Omaha has been a net seller of equities for his company's portfolio in each of the last six quarters, as reported by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). The odds are good he'll make it seven in a row when Berkshire reports next month, and now he's going for eight with another major stock sale.
Lakera, a San Francisco, CA-based real-time generative AI (GenAI) security company, raised $20M in Series A funding. The round, which brought the total amount to $30M, was led by Atomico, with participation from Citi Ventures, Dropbox Ventures, and existing investors including redalpine. As part of this round, Atomico Partner Sasha Vidiborskiy will join Lakera’s board. […] The post Lakera Raises $20M in Series A Funding appeared first on FinSMEs.
Beginning in January 2023, it seemed like Nvidia (NASDAQ: NVDA) stock went straight up for almost 18 months. There was good reason for that as investors piled in to the company that has become the face of a dramatically increasing artificial intelligence (AI) sector. But no stock goes straight up forever, and valuation still matters. A correction in the stock was inevitable and finally occurred over the last month.
Harvey, a San Francisco, CA-based provider of a legal AI platform, raised $100M in Series C funding, at $1.5 Billion valuation. The round was led by GV (Google Ventures) with participation from OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel. The company intends to use the funds to scale and improve its AI-powered […] The post Harvey Raises $100M in Series C Funding appeared first on FinSMEs.
One of the most famous entrepreneurs and philanthropists in recent history is Bill Gates. As a co-founder of Microsoft (NASDAQ: MSFT) , he helped pioneer modern computing and revolutionize how people communicate and work. While he no longer manages the day-to-day business at Microsoft, Gates is still an active businessman. He and his ex-wife, Melinda French, built a charitable trust that is now worth roughly $46 billion.
Splight, a San Francisco, CA-based AI startup which specializes in grid operations technologies, raised $12M in Seed funding. The round was led by noa (formerly A/O) and joined by EDP Ventures, Elewit, Draper Cygnus, Draper B1, Ascent Energy Ventures, Fen Ventures, Reaction Global, Barn Investments, and the UC Berkeley Foundation, among others. The company intends […] The post Splight Raises $12M in Seed Funding appeared first on FinSMEs.
The hype around artificial intelligence (AI) is justified; researchers seem pretty sure that AI technology will add trillions of dollars in value to the global economy over the coming decade and beyond. That said, it's unclear today which companies will be best at capturing this massive economic opportunity. That's likely why AI hype has boosted so many technology stocks over the past 18 months.
SoundHealth, a San Francisco, CA-based medical technology company raised $7M in Seed funding. The round was led by Moai Capital and J4 Ventures with participation from TeleSoft Partners, Tau Ventures, TechU Ventures and Rhythm Venture Capital. Peter Moran, an early-stage investor in digital health and wellness companies, a former long-time managing partner at DCM Ventures, […] The post SoundHealth Raises $7M in Seed Funding appeared first on FinSMEs.
If you're a senior on Social Security who's hoping for a generous cost-of-living adjustment (COLA) in 2025, then your dreams may have recently been dashed. The nonpartisan Senior Citizens League recently put out a projection for next year's COLA, and so far, 2025's raise is looking to be considerably smaller than 2024's. At the start of the current year, seniors on Social Security saw their monthly benefits increase 3.2%.
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock is losing ground Wednesday. The tech giant's share price was down 3.4% as of 10:30 a.m. ET, according to data from S&P Global Market Intelligence. Alphabet published second-quarter results after the market closed yesterday. Despite strong sales and earnings beats in the quarter, investors are selling out of the stock in response to the company's forward guidance.
At The Money: Behavior Beats Intelligence (July 24, 2024) We focus most of our investing efforts on information and knowledge. But is that where we generate the highest ROI? As it turns out, managing your behavior has a much greater impact on your returns than does any single data point. Full transcript below : ~~~ About this week’s guest: Morgan Housel is a partner at the Collaborative Fund and author of “ The Psychology of Money: Timeless lessons on wealth, greed, and happiness.
Image source: Getty Images There are several ways to drop years off your mortgage and save thousands of dollars. Here, I'd like to tell you about a ridiculously easy step I took to cut nearly five years off my home loan and save a large sum of money that I'm confident will one day come in handy. I'll also touch on a few other ways you can outsmart your mortgage and save money in the process.
Today’s Animal Spirits is brought to you by Global X and Fabric: See here to learn more about Global X’s suite of ETFs Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life On today’s show, we discuss: The Biggest Winners in the Stock Market Household Wealth Gains Are a Tailwind to Consumer Spending American Borrowers Are on Shakier Ground.
Image source: Getty Images Never say never, but if you're waiting for mortgage rates to drop as low as 4% any time soon, you're likely to be disappointed. Stick with us here, though. We may be able to offer a few ideas to anyone hoping to buy a home. A matter of perspective I enjoyed time with three high school friends this past weekend. My husband (and dogs) were kind enough to visit one of our sons for a few days, leaving the house to the four old friends.
The capital markets have been roaring so far this year. Through the first six months of 2024, the S&P 500 gained 14% while the Nasdaq Composite soared by 18%. One stock that has not fared so well though is QuantumScape (NYSE: QS). From January through the end of June, shares of the electric vehicle battery maker cratered 29%. However, earlier this month QuantumScape announced a major new development with its existing partner, Volkswagen.
NewSpring has held a final and oversubscribed close of NewSpring Mezzanine Capital V LP with $390 million of capital commitments. NewSpring’s new mezzanine fund (NSM V) was backed by both existing and new limited partners including banks, insurers, public pension plans, financial institutions, and individuals. Like its earlier mezzanine funds, NSM V is organized as a Small Business Investment Company (SBIC) fund and is the firm’s fifth SBIC license since its founding in 1999.
Nvidia (NASDAQ: NVDA) was a $360 billion company at the start of 2023, but thanks to a whopping 745% gain in its stock price, the company is now worth over $3 trillion. It's experiencing a surge in demand for its data center chips, which are the most powerful in the industry for processing artificial intelligence (AI) workloads. In June, Nvidia stock was trading at over $1,200 per share, which made it somewhat inaccessible to smaller investors, so management executed a 10-for-1 stock split effec
MPE Partners has made an investment in family-owned LA-CO Industries , a manufacturer and supplier of specialty chemicals and industrial marking products. LA-CO’s product line includes industrial hand-held markers, temperature indicating tools, sterilization inks, plumbing chemicals, and livestock identification products that are used in a range of applications in the plumbing, HVAC, electrical, construction and agriculture sectors.
If you're reading this, it likely means you're taking one of the more important steps when it comes to investing: Being curious enough to look into it. The second, arguably most crucial, step is actually beginning your investment journey. Unfortunately, the latter is where many people freeze up because they feel like they're not ready. Many people think it takes dedicating huge amounts of time to studying companies and industries to be a "good" investor, but that couldn't be further from the tru
If you're gearing up to sign up for Medicare, whether in conjunction with retirement or not, it's a big deal. Once you're eligible for Medicare, you may find that your healthcare costs go down (depending on the coverage you have right now). But you may also find that you're faced with some tricky decisions you need help navigating. With that in mind, here's some important information for people who are on the cusp of signing up for Medicare coverage. 1.
Global investment house Adams Street Partners has named COO and partner Jim Walker as global head of wealth at the $59bn-managing firm. The post Adams Street names COO Walker as global head of wealth first appeared on AltAssets Private Equity News.
Eli Lilly (NYSE: LLY) sells a wide variety of drugs across treatment areas, but this pharma company has soared into the spotlight in recent times thanks to two products in particular, both weight-loss drugs. Demand for these products has surpassed supply, and they helped revenue climb in the double digits in the most recent quarter. Mounjaro brought in $1.8 billion, and the newly approved Zepbound generated $517 million in revenue in the quarter -- its first full quarter of commercialization.
Value4Capital, a lower mid-market investor targeting Poland and the wider CEE region, has already beaten the target for its latest fund with a €100m first close. The post Poland, CEE-focused Value4Capital beats new fund target at first close, eyes €140m hard cap first appeared on AltAssets Private Equity News.
Retirement planning often gets put on the backburner when you're young, but if you want a shot at becoming a retirement millionaire, it's best to start sooner rather than later. There are many types of retirement accounts to choose from, including a 401(k) and traditional IRA. However, we'll focus on how you can crush your financial goals with a Roth IRA if you haven't turned 50 yet.
LA-based software and technology-focused private equity firm Diversis Capital has made an investment in Decision Lens, a provider of public sector planning software. According to a press statement, Decision Lens’ customers include the US Department of Defense, the intelligence community, federal civilian agencies, as well as state and local governments.
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