Wed.Jul 24, 2024

article thumbnail

Retirees in These 9 States Risk Losing Some of Their Social Security Checks

The Motley Fool

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.

Taxes 246
article thumbnail

Agellus Capital Closes Inaugural Fund at $400 Million

Private Equity Professional

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is the Housing Market About to Get Better? You Might Be Surprised at What eXp Realty's CEO Has to Say About It.

The Motley Fool

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.

Returns 246
article thumbnail

Animal Spirits: Living the Dream

A Wealth of Common Sense

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.

article thumbnail

Meet the Artificial Intelligence (AI) Stock That Just Soared 225% Thanks to Nvidia

The Motley Fool

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.

Capital 246
article thumbnail

Promptfoo Raises $5M in Seed Funding

FinSMEs

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.

Funds 119

More Trending

article thumbnail

Vijil Raises $6M in Seed Funding

FinSMEs

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.

Funds 119
article thumbnail

Warren Buffett Just Sold $1.5 Billion of Berkshire Hathaway's Second-Largest Holding. Here's Why.

The Motley Fool

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.

article thumbnail

Skippio Raises €540k in Seed Funding

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.

Funds 116
article thumbnail

Prediction: Nvidia's Stock Correction Will Lead to Outsized Gains in the Second Half of 2024

The Motley Fool

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.

Returns 246
article thumbnail

Didero Raises $7M in Seed Funding

FinSMEs

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.

Funds 115
article thumbnail

This Is the Average Social Security Benefit for Age 70

The Motley Fool

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.

article thumbnail

Lakera Raises $20M in Series A Funding

FinSMEs

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.

Funds 114
article thumbnail

3 Artificial Intelligence (AI) Stocks to Buy With $600 and Hold for Forever

The Motley Fool

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.

article thumbnail

Harvey Raises $100M in Series C Funding

FinSMEs

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.

Funds 114
article thumbnail

Why Alphabet Stock Is Sinking Today

The Motley Fool

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.

article thumbnail

SoundHealth Raises $7M in Seed Funding

FinSMEs

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.

article thumbnail

I Shaved Years Off My Mortgage in Seconds. Here's How

The Motley Fool

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.

Taxes 246
article thumbnail

Splight Raises $12M in Seed Funding

FinSMEs

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.

Funds 112
article thumbnail

Will Mortgage Rates Ever Be as Low as 4.00% Again?

The Motley Fool

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.

Finance 246
article thumbnail

Brad Jacobs’ few billion dollars are another Spac squeeze

Financial Times M&A

The entrepreneur’s latest venture might be his boldest venture yet but it offers little to ordinary investors

Investors 111
article thumbnail

Up 17% This Year, Is QuantumScape Stock a Millionaire Maker?

The Motley Fool

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.

Capital 246
article thumbnail

A helping hand through the green tech ‘valley of death’

Financial Times: Moral Money

Climate start-ups have struggled to raise finance to prove their systems at scale

Finance 111
article thumbnail

Forget the Stock Split: 2 Better Reasons to Buy Nvidia Stock Right Now

The Motley Fool

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

article thumbnail

Funding surge for blank cheque companies points to Spac bounceback

Financial Times M&A

An investing class left for dead after early excesses and poor performance shows signs of life

Companies 100
article thumbnail

What's the Best Way to Invest in Stocks Without Any Experience? Try This ETF.

The Motley Fool

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

Investing 246
article thumbnail

NewSpring Mezzanine Raises New and Largest Fund

Private Equity Professional

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.

Funds 100
article thumbnail

Billionaire Bill Gates Has 33% of His $46 Billion Foundation Invested In This Once-In-A-Generation Artificial Intelligence (AI) Stock

The Motley Fool

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.

article thumbnail

MPE Acquires LA-CO Industries

Private Equity Professional

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.

Capital 100
article thumbnail

Planning to Enroll in Medicare in the Next Year? Here Are 3 Important Things Retirees Should Know.

The Motley Fool

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.

article thumbnail

Adams Street names COO Walker as global head of wealth

AltAssets

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.

article thumbnail

If You'd Invested $10,000 in Eli Lilly Stock 5 Years Ago, Here's How Much You'd Have Today

The Motley Fool

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.

Investing 246
article thumbnail

Poland, CEE-focused Value4Capital beats new fund target at first close, eyes €140m hard cap

AltAssets

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.

Funds 98
article thumbnail

How to Build a Million-Dollar Roth IRA If You Haven't Turned 50 Yet

The Motley Fool

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.

Taxes 246