Sun.Jun 30, 2024

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Surprise! Novo Nordisk's Wegovy Just Achieved Another Milestone. Here's What You Need to Know.

The Motley Fool

Novo Nordisk (NYSE: NVO) has emerged as one of the biggest names in the pharmaceutical world thanks to its robust line of glucagon-like peptide-1 (GLP-1) medicines. The Danish drugmaker develops Ozempic, Rybelsus, Saxenda, and Wegovy. While Ozempic is approved by the Food and Drug Administration (FDA) to treat diabetes patients, its sibling medicine Wegovy is prescribed for obesity care.

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The U.S. Real Estate Market in Charts

A Wealth of Common Sense

Back in 2020 I wrote a quick rundown of the U.S. real estate market in charts to show how the pandemic was impacting the housing market. It’s been a few years so it’s time to update those charts. The existing home months’ supply measures the number of months it would take to sell all of the houses on the market at the current pace of sales: It’s well off the lows of late-2021/early-2022 and trendi.

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The 2025 Social Security Cost-of-Living Adjustment (COLA) Forecast Just Changed, and It Could Pleasantly Surprise Many Retirees

The Motley Fool

Social Security is an essential lifeline for many retirees. About half of households with someone age 65 or older receive at least 50% of their income from the program, according to data collected by the Social Security Administration. Without Social Security, millions of seniors would be living in poverty. Since many seniors are reliant on Social Security for their living expenses, the annual cost-of-living adjustment (COLA) is an important part of their benefits.

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Boston Oncology Arabia Received USD 35M Investment

FinSMEs

Boston Oncology Arabia, a Riyadh, Saudi Arabia-based bio-generic drugs manufacturing company, received a USD 35M investment. TVM Capital made the investment. The company intends to use the funds to further enhance its move into full formulation and fill and finish manufacturing at its local production facility in Sudair Industrial City. TVM Capital Healthcare will also […] The post Boston Oncology Arabia Received USD 35M Investment appeared first on FinSMEs.

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Forget Nvidia: Here's Another Spectacular Semiconductor Stock to Buy Right Now, According to Wall Street

The Motley Fool

I'm being facetious when I tell you to forget Nvidia (NASDAQ: NVDA). After all, how can you ignore a stock that soared nearly tenfold in just 18 months and now has a $3.1 trillion market cap, which accounts for 6.7% of the entire S&P 500 index? Not to mention, the company's chips are the driving force behind artificial intelligence (AI). However, the incredible run in Nvidia stock made it quite expensive , even relative to its expected earnings a couple of years from now.

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Overcoming 4 common reasons why people don’t buy insurance

Million Dollar Round Table (MDRT)

By Zilia Tam Sometimes, due to preconceived ideas, prospects and clients do not think they need life insurance or other types of insurance. They then reject financial advisors and life insurance agents who approach them Here are some reasons why you might experience a lack of interest from clients in insurance, and seven-year MDRT member Oi Tung Lee , of Kowloon, Hong Kong, China, advises what to do about it.

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BlackRock agrees to buy UK data group Preqin for £2.55bn

Financial Times M&A

Pursuit of data providers has grown alongside demand for ever more granular financial information

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This Stock Market Indicator Has Been 86% Accurate Since 1984, and It Signals a Big Move in the Second Half of 2024

The Motley Fool

The S&P 500 (SNPINDEX: ^GSPC) advanced 14.5% in the first half of 2024. That momentum was initially driven by rate-cut hopes. Investors entered the year thinking the Federal Reserve would cut its benchmark interest rate six times. But sticky inflation reset those expectations. The market now anticipates just two cuts later this year, according to CME Group 's FedWatch Tool.

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Boeing agrees to buy Spirit AeroSystems in $4.7bn deal

Financial Times M&A

US aircraft manufacturer will bring parts supplier back under its wing after two decades apart

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The Best Stocks to Invest $50,000 in 2024

The Motley Fool

Stocks have been on the rise this year, with the S&P 500 up 15% year to date. The index is on track to outperform last year's growth, as the S&P 500 rose 13% over the same period (January to June) in 2023. Wall Street has grown particularly bullish about tech stocks thanks to advances in fields like artificial intelligence (AI). The same was true this time last year.

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US sought Congo mines deal for Swiss trader Mercuria

Financial Times M&A

Plan includes relaxing sanctions on Israeli billionaire to counter Chinese control of critical minerals

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If I Could Buy Only 3 Stocks in 2024, I Would Pick These

The Motley Fool

Investors can own as many stocks as they want whenever they want, and thankfully so. After all, more stocks mean more diversification. In this vein, The Motley Fool suggests holding at least 25 different stocks at any given time. Sometimes, though, it's eye-opening to think about which stocks you would buy if you could only buy a small number of them.

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ZeroEyes Raises $53M in Series B Funding

FinSMEs

ZeroEyes, a Philadelphia, PA-based provider of an AI-based gun detection video analytics platform, raised $53M in Series B funding. The round was led by Sorenson Capital, with participation from Intel Capital, BroadLight Capital and existing investors. The company intends to use the funds to accelerate growth, including investments in channel partnership programs, research and development, […] The post ZeroEyes Raises $53M in Series B Funding appeared first on FinSMEs.

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A Financial Mystery: Investors Paying Tens of Billions of Dollars to Underperforming Mutual Funds -- When Index Funds are Cheaper and Perform Better

The Motley Fool

Earlier this year, finance researcher Stewart Brown published a paper that featured a startling introduction: There is a large financial anomaly hiding in plain sight. In 2021, investors paid almost $90 billion in total fees on about $14 trillion of actively managed mutual funds to an industry flogging a product demonstrably inferior to index funds.

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Synergym Receives Minority Investment From All Seas Capital

FinSMEs

Synergym, a Málaga, Spain-based gym chain, received a minority investment from All Seas Capital. The amount of the deal was not disclosed. The company intends to use the funds to accelerate its expansion and rollout across the country. Founded in 2013 by Dr. Sergey Miteyko and Leonard Lvovich, Synergym is a fitness chain with over […] The post Synergym Receives Minority Investment From All Seas Capital appeared first on FinSMEs.

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1 Magnificent Stock That Turned $10,000 Into $2.7 Million

The Motley Fool

The artificial intelligence (AI) boom has lifted Nvidia to new heights. The "Magnificent Seven" stock has soared 27,310% in the past 10 years, making it one of the world's most valuable companies. But there's a much smaller business that has performed even better. I'm talking about Celsius (NASDAQ: CELH). This beverage stock has skyrocketed 27,360% in the past decade (as of June 25), turning a $10,000 investment into a jaw-dropping $2.7 million.

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Advent International Expands into Australia and New Zealand

Advent International

Sydney, Australia [DATE TBC] – Advent International (“Advent”), one of the largest and most experienced global private equity investors, is pleased to announce the opening of its office in Sydney, Australia with Beau Dixon accepting an offer to lead Australia and New Zealand, to further establish its presence in the region. With offices in India, China and now Australia, Advent continues to build out its capabilities across the Asia Pacific region.

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Spousal Social Security Benefits: 3 Things All Retired Couples Should Know

The Motley Fool

Married couples share nearly everything -- food, homes, vacations, and more. In some cases, they can even share Social Security retirement benefits. The Social Security program has included spousal benefits since its beginning in the 1930s. Here are three things all retired couples should know about spousal Social Security benefits. Image source: Getty Images. 1.

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Brunel uses AI in stewardship and doubles down on manager misalignment

Top 1000 Funds

Brunel Pension Partnership has introduced AI in its stewardship processes, and is working with other asset owners to put more pressure on asset managers to align with its climate demands.

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3 Little-Known Grants and Loans for Small Businesses

The Motley Fool

Image source: The Motley Fool/Upsplash In the vast ocean of funding opportunities, small businesses might find themselves adrift. However, some specific grants and loans cater to various niches and needs, often overlooked but potentially game-changing for the right business. Here, we explore three categories of such financial aids, providing examples and guidance on how to identify the best fit for your business. 1.

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Temasek on deal hunt to boost returns for Singapore

Financial Times M&A

State-owned fund urges local companies it backs to become more global and grow through acquisitions

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2 Millionaire-Maker Artificial Intelligence (AI) Stocks

The Motley Fool

Artificial intelligence (AI) turned out to be a hot investing trend over the past year and a half. This is due in large part to the huge amount of capital being poured into this niche. Thanks to AI, companies and governments will be able to derive the huge economic gains that this technology is expected to deliver in the long run. PwC estimates that AI adoption can boost global productivity and contribute $15.7 trillion to the world economy by 2030.

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TDR Capital pursues City training business sale

Financial Times M&A

Asda backer appoints Houlihan Lokey and Morgan Stanley to lead process for education group BPP

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1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 70%, According to Loop Capital

The Motley Fool

The artificial intelligence (AI) revolution is in full swing, and according to one Wall Street analyst, things don't appear to be slowing down any time soon for one extremely well-positioned company. While most investors are gravitating toward chip leader Nvidia (NASDAQ: NVDA) at the moment, AI is and will continue to mint other market winners as well.

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KKR Invests in Leading Filipino Higher Education Group PHINMA Education

KKR

Transaction marks KKR’s first Global Impact investment in the Philippines MAKATI, Philippines--(BUSINESS WIRE)-- KKR, a leading global investment firm, and PHINMA Education Holdings, Inc. (‘PHINMA Education’ or the ‘Company’), a leading private higher education group and the education arm of Filipino conglomerate PHINMA Corporation, today announced the signing of definitive agreements under.

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Generative AI Software Sales Could Soar 18,647% by 2032. 1 Unstoppable Artificial Intelligence (AI) Stock to Buy Before They Do (Hint: It's Not Nvidia)

The Motley Fool

Many experts believe the latest developments in artificial intelligence (AI) will profoundly impact the technology and business landscapes. These advanced systems can generate original content, streamline time-consuming processes, and automate procedures -- all with a few simple commands. This, in turn, promises to increase productivity and save money, which has companies racing to adopt the next-generation algorithms.

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KKR prices ¥91,400,000,000 of senior notes

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (“KKR”) (NYSE: KKR) today announced that it has priced an offering of ¥44,600,000,000 aggregate principal amount of its 1.559% Senior Notes due 2029 (the “2029 notes”), ¥1,000,000,000 aggregate principal amount of its 1.762% Senior Notes due 2031 (the “2031 notes”), ¥26,200,000,000 aggregate principal amount of its 2.083% Senior Notes due 2034 (the.

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Walgreens Stock Collapses on Weak Outlook. Is Now the Time to Buy?

The Motley Fool

Share prices of Walgreens Boots Alliance (NASDAQ: WBA) plunged following the June 27 release of its fiscal third-quarter earnings report, with the stock having one of its worst days on record. The stock price has now fallen more than 53% since the start of 2024. Let's look at Walgreens' most recent quarterly report, why the stock plummeted, and whether now is the time to buy.

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KKR to Present at the Morgan Stanley US Financials, Payments & CRE Conference 2024

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Robert H. Lewin, Chief Financial Officer, will present at the Morgan Stanley US Financials, Payments & CRE Conference 2024 on Monday, June 10, 2024 at 9:30 AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For those.

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1 Warren Buffett Stock That Could Go Parabolic in 2024 and Beyond

The Motley Fool

Billionaire investor Warren Buffett is not typically known for buying stocks that are going parabolic. He tends to favor steady performers with long growth paths. Buffett even cautions people to be fearful if greed is the force taking stocks on a parabolic ride. This does not mean that the stocks Buffett owns (or is interested in) are incapable of such rapid growth.

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KKR to Acquire Majority Ownership in Agiloft

KKR

Existing investor FTV Capital to invest additional capital in the Company NEW YORK & REDWOOD CITY, Calif.--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that a fund managed by KKR has entered into an agreement to acquire a majority stake in Agiloft (“the Company”), a trusted global leader in data-first contract lifecycle management (“CLM”).

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How Much More Social Security Will You Get in 2025? These 2 Factors Are What You Need to Look Out For

The Motley Fool

Even though we're only about halfway through 2024, at this point, many seniors on Social Security are eager to know what 2025's cost-of-living adjustment, or COLA, will look like. And the reality is that we won't know for sure until October. But if you're looking for some clues as to what next year's Social Security COLA might amount to, here are two factors you'll need to pay attention to. 1.

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Emera Completes Transaction to Transfer Equity Interest in Labrador Island Link

KKR

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Inc. (“Emera”) (TSX:EMA) today announced the previously announced transaction where KKR would acquire Emera’s indirect minority equity interest in the Labrador Island Link (LIL), has closed effective today.

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Palantir Stock Is Up 40% So Far This Year. Where Will This AI Winner Land at the End of 2024?

The Motley Fool

Artificial intelligence (AI) has dominated the market to start 2024. Nvidia recently became the most valuable company in the world and is up more than 150% year to date (YTD). Investors are betting that AI is going to be a huge market opportunity as the large technology players spend tens of billions on it. Palantir Technologies (NYSE: PLTR) is one of these AI companies.

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