Mon.Sep 23, 2024

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Billionaires Are Selling Nvidia Stock and Buying an Index Fund That Could Soar Up to 77,675%, According to Wall Street Experts

The Motley Fool

Artificial intelligence (AI) is one of the hottest themes on Wall Street, and Nvidia has been one of the hottest stocks. Its share price surged 175% over the last year because the company dominates the market for AI chips. But AI is not the only trend that could turn small sums into fortunes. Institutional investors are also betting on cryptocurrency.

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Heartwood Acquires Metalworking Accessories Maker Royal Products

Private Equity Professional

Heartwood Partners , in partnership with Royal Products’ senior management team, has made a growth equity investment in the company. Royal Products is a manufacturer and distributor of metalworking accessories that improve the performance, productivity, and profitability of computer numerical control (CNC) machine tools, including CNC lathes, machining centers, and grinders.

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Is Taiwan Semiconductor Stock Still a Buy?

The Motley Fool

Taiwan Semiconductor Manufacturing (TSMC) (NYSE: TSM) can be something of an enigma for investors. It dominates the advanced manufacturing of semiconductors, giving it an essential role in the supply chain of all leading chip companies. Nonetheless, challenges unique to the company may make investors hesitate despite the company's obvious importance.

Stakes 246
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Mill Point’s CREO Group Buys United Solutions

Private Equity Professional

CREO Group , a Mill Point Capital portfolio company, has acquired United Solutions. Mill Point formed CREO Group in June 2024 to consolidate its investments in Nursery Supplies Inc. and to provide a platform for further investments in the horticultural sector. Nursery Supplies was founded in 1966 and was the country’s first producer of plastic containers specifically for the nursery industry.

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Want to Get 50% Richer? Make This One Move

The Motley Fool

Image source: Getty Images It's not always easy to get good financial advice, but working with a financial planner can drive big gains in your brokerage account and overall wealth. A recent survey from Origin, a personal finance platform, found that when people work with financial planners, they tend to get much richer. Origin's survey found that when people work with a financial planner, they often see gains in net worth of 50% or more.

Financing 246
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One way or another, Intel is for sale

Financial Times M&A

Tech group wants to remain both a cutting-edge designer and manufacturer of chips

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UniCredit lifts stake in Commerzbank to 21%

Financial Times M&A

Italian bank says purchase will complete only once it receives regulatory approval to increase holding from 9%

Stakes 111
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4 Bulletproof Dividend Growth Stocks I'd Love to Buy After a Dip in Price

The Motley Fool

While there is technically no such thing as a "bulletproof" stock, there are a select few businesses that seem almost unstoppable. Combining incredible historical total returns with robust returns on invested capital (ROIC) and steadily rising dividends , some companies are built to stand the test of time. Four such businesses are Costco Wholesale (NASDAQ: COST) , Cintas (NASDAQ: CTAS) , Rollins (NYSE: ROL) , and Badger Meter (NYSE: BMI).

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Commerzbank lacks a good defence for UniCredit’s ‘frenemy’ hug

Financial Times M&A

Blocking a richly priced offer purely on ideological grounds could be tricky

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Where Will Nvidia Stock Be in 3 Years?

The Motley Fool

Artificial intelligence (AI) has been one of the biggest investment storylines over the last two years. And while the prospects of AI are lucrative, not every opportunity touching the technology is the same. With shares up more than 700% since January 2023, Nvidia (NASDAQ: NVDA) has become one of the biggest names in the AI realm. The company's chipsets, called graphics processing units (GPUs), are a critical component of generative AI development.

Prospects 246
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The EU’s competition policy conundrum

Financial Times M&A

Antitrust rules in the bloc need updating for the digital era — but with care

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Mark Your Calendars: 3 2025 Social Security Cost-of-Living Adjustment (COLA) Dates to Know

The Motley Fool

We're only a few weeks away from finally learning what the 2025 Social Security cost-of-living adjustment ( COLA ) will be. Current projections put it around 2.5%, less than the 3.2% beneficiaries got this year. But this could still change a little. Much of the attention has been on the announcement date itself. But there are also two other key dates to note related to the 2025 COLA.

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Proptech specialist Era Ventures raises $88m debut fund

AltAssets

Era Ventures, a venture capital firm focused on positive change in the built world, has launched ints inaugural $88m fund. The post Proptech specialist Era Ventures raises $88m debut fund appeared first on AltAssets Private Equity News.

Funds 104
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3 REITs to Buy With the Federal Reserve Cutting Interest Rates

The Motley Fool

Real estate investment trusts ( REITs ) have done well the past few months with the anticipation of interest rate cuts. Now those cuts have arrived, and there are still plenty of high-quality REITs with solid upside. In today's video, I will cover 3 REITs to add to your buy list. One of them is Equinix (NASDAQ: EQIX). Watch this short video to learn more, consider subscribing to the channel, and check out the special offer in the link below.

Returns 246
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US billionaire Dan Friedkin agrees to buy Everton FC

Financial Times M&A

Deal could end years of uncertainty at debt-laden Premier League club

Debt 104
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Want $1,000 in Annual Dividend Income? Invest $9,550 in These 2 Ultra-High-Yield Stocks

The Motley Fool

If you're concerned about having enough money during your retirement years, you're not alone. A recent survey by the AARP found that 61% of Americans over 50 years old worry they won't have enough to support themselves in retirement. Acquiring real estate to rent out is a popular way to set yourself up with more passive income, but each new tenant presents significant risks.

Investing 246
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KKR Closes $4.6 Billion Ascendant Fund

Private Equity Professional

KKR has held a final closing of KKR Ascendant Fund SCSP (Fund I) with $4.6 billion of capital. The new fund was oversubscribed and closed at its hard cap. KKR’s Ascendant strategy was launched in 2022 to invest in North American-headquartered middle-market companies in seven industry verticals: consumer, financial services, health care, industrials, media, software, and tech-enabled services.

Funds 100
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Amazon, Walmart, Dollar General, and Dollar Tree All Agree On 1 Thing About the U.S. Economy. What Does It Mean for Investors?

The Motley Fool

Everyone likely knows that something is up with the U.S. economy -- it's a major talking point for the upcoming presidential election. That said, it's hard to say what exactly is happening. But Dollar General (NYSE: DG) CEO Todd Vasos believes he has a better idea than most. On Aug. 29, Dollar General reported its financial results for the second quarter of 2024, and Vasos went into finer detail than usual to discuss what's happening beneath the surface.

Investors 245
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BNP Paribas to buy HSBC’s German private banking arm

Financial Times M&A

French lender accelerates expansion drive after selling assets in US while HSBC makes cost-cutting a priority

Banks 99
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5 Surprising Gift Cards You Should Always Buy at Costco

The Motley Fool

Image source: Getty Images A Costco membership has lots of money-saving benefits. One that sometimes gets overlooked is its gift cards, which are available online and in stores. Many of these are discounted by 10% or more, so buying them is another smart way to maximize your savings at Costco. The best Costco gift card deals depend on what you're looking for.

Financing 245
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Swedish buyout group EQT plans to sell stake in €15bn software group IFS

Financial Times M&A

Private equity firms have been forced to sell slices of their businesses as higher interest rates have hit the IPO market

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Amazon Prime Day: Here's How to Maximize Your Spending

The Motley Fool

Image source: Getty Images If you love mega shopping events like Black Friday and Cyber Monday, you may be happy to hear that you don't have to wait until late November to go on a spending spree. Amazon's October Prime Day event, known as Prime Big Deal Days, is scheduled to take place on Oct. 8 and 9. During that time, shoppers can potentially enjoy a lower credit card tab when they buy thousands of items on the site.

Debt 244
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US green banks take off

Financial Times: Moral Money

These not-for-profit lenders have more than tripled in the US since 2019

Banks 96
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The 10 Best Perks of a Sam's Club Membership

The Motley Fool

Image source: Upsplash/The Motley Fool If you live near a Sam's Club warehouse, you may be wondering if you should get a membership. Before you pay an annual membership fee, you probably want to be sure it's a good financial decision. Most people find that they save money shopping at Sam's Club. To decide if it's the right club for you, here are the 10 best perks you get with a Sam's Club membership. 1.

Returns 244
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EQT acquires IndoStar Home Finance

Private Equity Wire

IndoStar Capital Finance Limited (IndoStar) has agreed of the sale of its subsidiary IndoStar Home Finance Private Limited (IHFPL) to WITKOPEEND BV, an affiliate of global private equity investor BPEA EQT Mid-Market Growth Partnership (EQT), for approximately $209m. The transaction is subject to customary closing conditions, including receipt of RBI approval, consents from lenders and shareholders approval.

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Warren Buffett's Secret Portfolio Is Dumping Shares of 3 Supercharged Artificial Intelligence (AI) Stocks (No, Not Nvidia!)

The Motley Fool

Few if any money managers command the attention of professional and everyday investors quite like Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. Since becoming CEO in the mid-1960s, he's overseen a cumulative return in his company's Class A shares (BRK.A) of more than 5,500,000%, and briefly witnessed his company surpass a $1 trillion market cap.

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HarbourVest hires ex-Morgan Stanley, Eaton Vance exec Halbertsma as EMEA IR head

AltAssets

HarbourVest Partners has named former Morgan Stanley senior exec Tjalling Halbertsma as managing director and head of EMEA investor relations. The post HarbourVest hires ex-Morgan Stanley, Eaton Vance exec Halbertsma as EMEA IR head appeared first on AltAssets Private Equity News.

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Carvana Stock Is Up 228% on the Year, but a New Red Flag Just Emerged

The Motley Fool

One of the hottest stocks this year has been Carvana (NYSE: CVNA) , which has risen over 228% in 2024. The online auto retailer looked like it was on the brink of bankruptcy a couple of years ago, but it has engineered a solid turnaround. The company has been posting some strong quarterly results that have encouraged investors. However, a new red flag has recently emerged.

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Apollo secures $5bn from BNP Paribas to boost private credit expansion

Private Equity Wire

Apollo Global Management Inc has secured a $5bn commitment from BNP Paribas SA to boost its private credit lending operations, marking a significant step in the firm’s effort to expand in areas traditionally dominated by banks. The French bank is pledging the funds for investment-grade, asset-backed deals originated by Apollo, as well as the Atlas SP unit Apollo acquired from Credit Suisse.

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Here's How to Avoid These Top 3 Common Budgeting Mistakes

The Motley Fool

Image source: Getty Images Let's face it: Most of us don't like the idea of budgeting, or as I sometimes call it, "the B word." The B word scares people because it often feels like a restrictive covenant on your checking and savings accounts. But that is not an optimum way to look at either the B word or the deed itself. Maybe some re-framing is in order?

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Deal Roundup: KKR agrees €13.5bn Axel Springer break-up, Apollo could invest up to $5bn in troubled Intel

AltAssets

KKR has agreed a €13.5bn break-up of media and tech company Axel Springer, which will see the buyout house exit its stake in the company's media operations. The post Deal Roundup: KKR agrees €13.5bn Axel Springer break-up, Apollo could invest up to $5bn in troubled Intel appeared first on AltAssets Private Equity News.

Buyout 95
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Prediction: This Will Be the Next Stock to Follow Palantir's Path

The Motley Fool

Since its initial public offering in late 2020, Palantir Technologies (NYSE: PLTR) has been one of the most polarizing stocks on Wall Street. Jim Cramer recently referred to it as a " meme stock ," and last year, an online publisher of short reports labeled it an " AI imposter. " Although its work with the U.S. military and intelligence agencies can cause Palantir to come across as elusive or secretive, I would argue that the negative sentiment surrounding the company is rooted in a misunderstan

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z21 Ventures gets Westbridge Capital backing in rapid return to fundraising

AltAssets

z21 Ventures is halfway to its $40m Fund II target at its first close thanks to anchor backing from $7bn-managing investment house WestBridge Capital. The post z21 Ventures gets Westbridge Capital backing in rapid return to fundraising appeared first on AltAssets Private Equity News.

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Billionaire Stan Druckenmiller Is Selling Nvidia, Apple, and Microsoft, and Buying These High-Yield Dividend Stocks Instead

The Motley Fool

Stan Druckenmiller saw the potential for the next wave of artificial intelligence fairly early. That led him to take a big position in Nvidia in the fourth quarter of 2022. He added Microsoft in the first quarter of 2023, after it upped its stake in generative AI leader OpenAI. At the start of this year, he started taking gains on his Nvidia investment and put some into Apple.