Fri.May 10, 2024

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Drivewise Safe Driving App Reduces Crash Risk 25%, According to Allstate

The Motley Fool

Image source: Getty Images Some of the best car insurance companies are now offering data-driven safe driving apps, also called telematics, or usage-based car insurance. With safe driving apps, car insurance customers agree to share some of their driving data and everyday behavior behind the wheel with the insurer. If you drive safely, you can qualify for discounts on car insurance.

Companies 246
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Tesla rival Lucid Motors to go public in $24bn mega SPAC deal

Private Equity Insights

Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at a pro-forma equity value of $24 billion. Lucid, run by an ex-Tesla engineer, is the latest firm to tap the initial public offering market, with investors rushing into the EV sector, spurred by the rise of Tesla Inc and with emissions regulations toughening in Europe and elsewhere.

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Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years

The Motley Fool

Last weekend, in the neighborhood of 40,000 investors flocked to Omaha for Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) annual shareholder meeting. The lure was simple: to hear the "Oracle of Omaha," Warren Buffett, speak about stocks, the U.S. economy, and his investing philosophy for hours on end. Since taking over as the CEO of Berkshire Hathaway in the mid-1960s, Buffett has run circles around Wall Street's broad-market stock indexes many times over.

Stakes 246
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Japan’s Toshiba considers $20bn take-private deal

Private Equity Insights

Toshiba Corp is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance. The proposed deal, which comes three weeks after shareholders approved an independent probe into the scandal-hit company, could shield management, particularly Chief Executive Nobuaki Kurumatani, from that scrutiny.

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4 Oversold Stocks to Buy Right Now

The Motley Fool

In this video, I will talk about four companies that are worth your attention, especially since all of them look oversold. I chose a mix of companies in different industries that could provide significant upside for long-term investors. *Stock prices used were from the trading day of May 8, 2024. The video was published on May 9, 2024. Should you invest $1,000 in Intel right now?

Returns 246
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Platinum Equity Advisors targets Marston’s pub group takeover

Private Equity Insights

Pub giant Marston’s has been approached by a US private equity firm over a potential takeover. Shares in the Wolverhampton-based company surged by more than a fifth immediately after it confirmed the proposal regarding a potential cash offer by Platinum Equity Advisors. The proposal comes as all of Marston’s 1,368 pubs remain shut to customers due to the national coronavirus lockdown.

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Peloton shares surge as news of PE buyout interest breaks

Private Equity Insights

Shares in Peloton soared by as much as 18% on Tuesday after CNBC reported that several private equity firms are cons idering a buyout of the connected fitness company, which is looking to refinance its debt and return to growth after 13 consecutive quarters of losses. CNBC’s report cited an unnamed source in confirming that the New York-based company has held talks with at least one firm as it considers going private, with a number of other private equity firms also reportedly viewing Peloton as

Buyout 147
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3 Rock-Solid Dividend Stocks That Are Ideal for Retirees

The Motley Fool

Dividend stocks can be great assets for you in retirement. They can provide you with some recurring income, and they can be relatively safe places to invest your money into for a while. Not all high-yielding stocks are safe, but by going with established, top companies within their respective industries, you can keep your risk down while keeping your dividend income high.

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Translating Wall Street Jargon

A Wealth of Common Sense

I saw the following headline earlier this week: I didn’t even need to read the actual article to know what the message would be. The tell here was the term ‘veteran forecaster’ In finance-speak, veteran forecaster can be translated to mean someone who is supremely confident in their predictions but almost always wrong. It has to be this way because forecasters are so unreliable.

Financing 143
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Why Shopify Stock Fell Hard This Week

The Motley Fool

Shopify (NYSE: SHOP) stock declined significantly this week. Shares dropped 16% through Thursday trading as compared to a 1.5% rally in the wider market, according to data provided by S&P Global Market Intelligence. That slump added to a tough year so far for owners of the e-commerce infrastructure platform, which is down 20% in 2024, while the S&P 500 has risen 9%.

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Bain Capital nears $2.27bn deal to buy French IT services firm Inetum

Private Equity Insights

U.S. buyout fund Bain Capital is in final talks to buy French IT services firm Inetum in a deal worth about $2.27 billion that would boost its presence across Europe’s tech sector, sources familiar with the matter told Reuters. The deal will see Inetum – formerly known as Gfi Informatique – returning into private equity hands after being sold to Qatar’s group Mannai Corp in 2016, the sources said, speaking on condition of anonymity.

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How Much Money Do Retirees Need in Their Savings Accounts?

The Motley Fool

Image source: Getty Images If retirement is on the horizon, you might already be planning, strategizing, and dreaming about everything you're going to do once you no longer have to report to a job. Far be it from me to add to your to-do list, but have you given any thought to the state of your savings? Boring topic, I know -- but absolutely essential once you're on a fixed income.

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Alto Partners and Arca Fondi acquire pharma manufacturer Eurosirel

Private Equity Insights

Milan-based private equity firm Alto Partners and Italian fund management company Arca Fondi have agreed to the buyout of Eurosirel, a manufacturer and distributor of medical devices and cosmetics. The transaction is expected to close by June. As part of the transaction, Alto’s latest fund, Alto Capital V, and Arca’s private equity fund, Arca Space Capital, will acquire Eurosirel from the company’s founders, Ernesto and Alberto Leonelli, through an equally owned and managed special-purpose enti

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This Ultra-High-Yield Dividend Stock is a Tale of 2 Portfolios

The Motley Fool

Medical Properties Trust (NYSE: MPW) is one of the world's largest hospital owners. The real estate investment trust (REIT) owns 436 facilities in nine countries and has leased or mortgaged its properties to 53 hospital operating companies. While the healthcare REIT has a fairly well-diversified portfolio, it has become a tale of two portfolios. It's the best of times for its international portfolio and those in the U.S. not leased to Steward Health Care or Prospect Medical Holdings.

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Bain Capital nearing final close of Asia fund worth $6bn

Private Equity Insights

U.S. private equity firm Bain Capital is nearing the final close of its fifth and biggest Asia-focused fund after having raised around $6 billion from global investors, said two people with knowledge of the situation. The committed capital to the fund has exceeded the firm’s initial target of $5 billion, said one of the two people and a third source with knowledge of the fundraising Bain Capital, which started fundraising in the second half of last year, aims to complete the exercise in th

Capital 130
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How Should a Beginner Invest in Stocks? Try This Index Fund.

The Motley Fool

Getting started as an investor may seem intimidating for one big reason. You often hear about particular stocks -- market stars of the moment -- that have soared. And you may think that to become a successful investor, you need to identify the star of tomorrow. Nvidia 's a great example of today's star, climbing 215% over the past year thanks to its dominance in the artificial intelligence (AI) chip market.

Funds 246
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Arjun closes Infrastructure Alliance Europe 2 fund at €1.1bn

Private Equity Insights

Independent European infrastructure fund manager Arjun Infrastructure Partners has held the final close of its Infrastructure Alliance Europe 2 fund with total capital commitments of €1.1bn, with an additional €300m allocated to its co-investment programme. Arjun received commitments from its existing, long-term institutional investor base in Europe as well as substantial investor interest in both fund and co-investment opportunities from North America.

Funds 130
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5 Little-Known Perks of Owning a Hybrid Car

The Motley Fool

Image source: Getty Images Electric vehicles (EVs) are soaring in popularity, but it's going to be a while before they're the dominant cars on the streets. Even with federal tax credits, their price tags are still averaging over $40,000, and used EVs remain rare. That doesn't mean you're stuck with a gas guzzler, though. Hybrid vehicles are a great alternative for those who want to save on gas and help the environment without going all in on an EV.

Taxes 246
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Blackstone completes Civica acquisition

Private Equity Insights

Funds managed by affiliates of Blackstone, the world’s largest alternative asset manager, have acquired Civica, a public sector software solutions provider, from private markets firm Partners Group, acting on behalf of clients. The transaction has completed after securing all necessary regulatory approvals, having initially been announced last November.

Buyout 130
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Here's the Effortless Way to Increase Your Social Security Check by $1,033 Per Month

The Motley Fool

Millions of retired seniors today collect a monthly benefit from Social Security. For many of those people, that monthly benefit constitutes the bulk of their senior income. That's why it's so important to do what you can to get the most out of Social Security. One simple move on your part could lead to a higher monthly payday for the rest of your life.

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Bain Capital invests $250 m in business services firm Sikich

Private Equity Insights

Bain Capital is picking up a minority stake worth $250 million in business services firm Sikich, which is planning to deploy the investment to finance its expansion plans, the companies said on Thursday. The private equity firm is the first outside investor at Chicago-based Sikich, which was founded in 1982. The $250 million is structured as preferred equity, the firms told Reuters.

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5 Metrics That Are Far More Important Than a Stock's Dividend Yield

The Motley Fool

When scanning the market for passive income plays, it's easy to get enamored of a stock with a high yield. But yield is arguably one of the most overrated qualities of a dividend-paying company. Here are five metrics that can help you evaluate a dividend stock beyond its yield. Image source: Getty Images. 1. Free cash flow yield Free cash flow (FCF) yield is one of my favorite metrics for any company, not just dividend stocks.

Capital 246
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Société Générale among French and UK banks pulling back from Africa

Financial Times: Moral Money

Institutions had touted Africa as a growth market that would bolster their sustainability credentials

Banks 110
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My Favorite Metaverse Stock Just Went on Sale

The Motley Fool

Metaverse gaming platform Roblox (NYSE: RBLX) posted generally strong first-quarter numbers, with bookings up by 19% year over year and a narrower-than-expected net loss. The company produced its highest free cash flow in a single quarter ever. Roblox's user base continues to grow, with 77.7 million daily active users (DAUs) at the end of the first quarter -- up by more than 6 million since the end of 2023.

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Sanofi licensing deal doubles value of vaccine group Novavax

Financial Times M&A

Agreement worth up to $1.

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Are Retirees on Track for a Pleasant Surprise When It Comes to Their 2025 Cost-of-Living Adjustment? The Answer May Not Be What You Think

The Motley Fool

Most years, retirees get a Social Security cost-of-living adjustment (COLA). This increases the amount of their monthly benefit. In January of this year, the Senior Citizens League (TSCL) projected retirees were on track for a 1.4% increase in 2025. That estimate has changed, though. At first glance, it may seem that the shift in direction is a positive one for retirees.

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Ancala exits Dragon LNG Group interests to VTTI

Private Equity Wire

Independent infrastructure manager Ancala will sell its 50% interest in Dragon LNG Group, the owner and operator of a liquefied natural gas regasification terminal to VTTI, a global specialist in energy storage and developer of energy infrastructure. Dragon’s terminal, which is located in Milford Haven, Wales, is one of three LNG terminals in the UK, and has a gas send out rate of up to 9bn cubic meters per annum.

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3 Signs You Should Skip CDs Despite the 5% Rates

The Motley Fool

Image source: The Motley Fool/Upsplash There are a lot of downsides to high interest rates. But one of the few perks to rates rising is that CD rates also rise. And right now, the best CDs are in the 5% range, which is downright remarkable given the lows of the last decade or so. Despite such high rates, however, not everyone should run out and open a new CD.

Debt 246
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Deal Roundup: Blackstone, Vista complete Energy Exemplar deal, Bain Capital buys into Sikich

AltAssets

Blackstone and Vista Equity Partners have completed their buyout of Energy Exemplar, an Australian provider of energy market simulation software, in a deal believed to be worth more than $1bn. The company’s platform aims to help energy market participants optimize decision-making across both new asset development and existing operations. The company has grown at 30% CAGR since […] The post Deal Roundup: Blackstone, Vista complete Energy Exemplar deal, Bain Capital buys into Sikich first ap

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Should You Buy Nvidia Stock Before the AI Chipmaker Reports Earnings on May 22?

The Motley Fool

The launch of generative artificial intelligence (AI) application ChatGPT whipped Wall Street into a frenzy in late 2022. While the generative AI revolution is still in its early stages, chipmaker Nvidia (NASDAQ: NVDA) has already been a big winner. Nvidia was the best-performing stock in the S&P 500 last year, primarily because interest in AI drove unprecedented demand for its graphics processing units (GPUs).

Taxes 246
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South Florida entrepreneur launches PE firm Exuma 

Private Equity Wire

South Florida businessman and entrepreneur Anthony Perera has launched Exuma Capital Partners, a private equity firm that will invest in high-growth middle markets across the technology, real estate, food and beverage, and home services industries. In a press statement, the firm said that its mission was “to generate superior returns for investors by fostering growth in underserved and fragmented markets”.

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Arm Holdings Shared Some Spectacular News for Nvidia Stock Investors

The Motley Fool

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of May 9, 2024. The video was published on May 9, 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now

Investors 246
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Physicians describe private equity as “scapegoat” for healthcare delivery 

Private Equity Wire

Issues in healthcare delivery are not due to private equity but rather to flawed incentive structures that do not prioritise patient health and wellbeing, argued doctors David N Bernstein and Prakash Jayakumar in a joint op-ed in Becker’s Hospital Review last week. Bernstein is a resident physician in the Harvard Combined Orthopedic Residency Program at Massachusetts General Hospital and Jayakumar is an assistant professor and director at the department of surgery and perioperative care at the

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Here's How to Tell If You Qualify for Spousal Social Security Benefits

The Motley Fool

Social Security spousal benefits are designed to provide much-needed retirement income to married couples where one spouse was the primary earner. Situations where one spouse had a particularly high-paying career or where one spouse was a stay-at-home parent are two common examples. As of March 2024, nearly 1.9 million people received spousal retirement benefits, with an average monthly payment of $911.68.