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Ford Motor Company (NYSE: F) shares are down over 20% after the company disappointed in its second-quarter results last week. The troubles hitting Ford shares are part of an inherent problem facing most automakers. This is a very cyclical business, and the market rarely gives these companies high valuations. With some problems across EVs and warranty coverage, coupled with a relatively tepid forecast for the second half of the year for auto sales in general, Ford shares are not likely to reward
Boy that escalated quickly. Markets sold off in a hurry this week. The S&P 500 is down almost 6% from the recent highs. The Nasdaq 100 is in an 11% drawdown. After an extremely calm year, the past week or so has finally seen some volatility in the stock market. Here’s the thing — it’s what happened before this that was not normal: This really cool chart came out a couple of weeks ago (via Sherwood).
Gene editing, in which researchers manipulate patients' genetic code to treat genetic illnesses, has been around for a couple of decades. But it has made incredible progress in the past five years. CRISPR Therapeutics (NASDAQ: CRSP) , a mid-cap biotech, has proven to be one of the more exciting players in this promising area. The company's progress has not delivered strong returns in the past half-decade -- CRISPR Therapeutics has underperformed the market in this period.
Contextual AI, a San Francisco, CA-based startup that builds customized language models for businesses to enhance their AI applications, raised $80m Series A funding round. The round was led by Greycroft with participation from Bezos Expeditions, NVentures, HSBC Ventures, and Snowflake Ventures as well as existing investors Bain Capital Ventures, Lightspeed Ventures, Lip-Bu Tan, Conviction, and Recall Capital.
Earnings season is back in full bloom, and per usual, big tech is providing investors with no shortage of reasons to pay attention. Electric vehicle (EV) pioneer Tesla (NASDAQ: TSLA) got the party started by kicking off earnings season in late July. In a shock to probably no one, Tesla CEO Elon Musk shared his brutally honest thoughts about the company's future.
Hedra, a San Francisco, CA-based provider of AI-powered tools for generating video content with human characters, raised $10m in seed funding. Backers included Index Ventures, Abstract, and Andreessen Horowitz, as as well as Jon Barron, David Benhaim, Kevin Hartz, Greg Mark, Robyn Peterson, Nikhila Ravi, John Rogovin, Bilawal Sidhu, and Outset Capital.
More than 51 million retired workers received a Social Security check in June. For a majority of these retirees, this check represents a financial lifeline they can't live without. For 23 years, national pollster Gallup has been conducting annual surveys to gauge retired workers' reliance on Social Security income. In 2024, just 11% of respondents noted that their Social Security check wasn't necessary to make ends meet.
Let your money work for you. You've probably heard that said multiple times over the years, but it's still good advice. One of the best ways to put your money to work is through dividend stocks. Some can make your money work especially hard for you. Investing $100,000 in these seven high-yield dividend stocks could generate over $7,000 in annual passive income. 1.
Now that we're into the month of August, we're closer to finding out what 2025's Social Security cost-of-living adjustment (COLA) will amount to. Of course, we'll still need to sit tight for a couple more months until inflation data from August and September is gathered. That, coupled with data from July, will be used to run the numbers for an official COLA announcement in October.
By Matt Pais, MDRT Senior Content Specialist Even the most successful advisors appreciate the value of a good sales idea. These are a few favorites from MDRT members: Prospecting tips Prospecting is a numbers game. The most important numbers are your calls per hour and the ratio of prospecting offers to calls. At the same time, always be in a “disqualification” mode.
Social Security forms a critical part of most seniors' retirement plans, and for some, it's the entire thing. Roughly 12% of men and 15% of women 65 and older rely upon Social Security for at least 90% of their income. So it's no wonder that people are so interested in how far their Social Security benefits will go in retirement. The answer depends on the size of your checks and the number of years you claim them.
Qardy, a Cairo, Egypt-based digital lending marketplace in Egypt and the MENA region for financial institutions to fund MSMEs (Micro, Small, and Medium Enterprises), secured a USD seven figure pre-seed funding. Backers included White Field Ventures and Vastly Valuable Ventures, as well as angel investors. Established in July 2022, Qardy is an online lending marketplace […] The post Qardy Raises Over USD Seven Figure Pre-Seed Funding appeared first on FinSMEs.
Artificial intelligence (AI) is the year's story on Wall Street. Case in point: Five of the six top-performing stocks year to date in the Nasdaq 100 are connected to the AI sector. Yet investors looking for an outstanding AI stock should consider something other than Nvidia (NASDAQ: NVDA). Indeed, many billionaires are already buying a different AI stock hand over fist: Oracle (NYSE: ORCL).
Amlogenyx, Inc., a Beverly Hills, CA-based subsidiary of Ultragenyx Pharmaceutical, Inc. (NASDAQ: RARE) which is researching and developing novel gene therapies for Alzheimer’s disease and other amyloid diseases, completed a seed funding round of USD 14m. The seed round was led by GordonMD® Global Investments LP and associated investors, as well as Ultragenyx.
One of the biggest themes fueling the capital markets right now is artificial intelligence (AI). What investors may not realize, however, is that there are many components of AI -- some of which sit quietly in the background. One of the most important narratives emerging in the AI revolution is data centers. While megacap tech behemoths such as Nvidia have benefited greatly from surging demand for data center services, savvy investors understand that there are ample opportunities out there.
Singapore’s sovereign wealth fund GIC is bracing for a period of “profound uncertainty” as the fund looks to rely on more “granular” diversification and maintaining price discipline to traverse the environment.
One of the problems with investing in a certain style, like dividend investing, is that you'll end up owning a lot of stocks from the same sectors. That's where I found myself with the utility sector. I decided to hold off on any more stocks in the space until WEC Energy (NYSE: WEC) popped up on my radar screen. The story was so good that I couldn't say no and I bought it.
Investing in a rental property can be expensive. When you add up the down payment, closing costs, repairs, and operating expenses, it could cost over $50,000 to purchase a property and get it ready to rent. Further, while rental properties can be a good way to generate passive income, unexpected expenses and vacancies can cause the income to be lumpy.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post AgDevCo buys stake in South African avocado and citrus joint venture first appeared on Africa Capital Digest.
Semiconductor company Advanced Micro Devices (NASDAQ: AMD) recently reported second-quarter earnings. While archrival Nvidia posted triple-digit revenue growth on AI tailwinds in recent quarters, some laggards in AMD's business have muffled its top-line performance. However, there are signs that AMD is becoming increasingly competitive in AI, which could accelerate the company's total growth.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post HAVAÍC holds first close for Africa Innovation Fund 3 first appeared on Africa Capital Digest.
Image source: Getty Images There are two things that we can say are for sure true about launching a startup. First, it can and should be one of the true joys of life. There are few times in life when the stars align just so that you have the time, inspiration, support, mojo, and vision to launch a new business. It truly is an exciting and fun moment.
Investment supports Superstruct’s ambition to become a global leader in music festivals and live events LONDON--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announces the acquisition of Superstruct Entertainment (“Superstruct” or the “Company”), from Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media,
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. Whether you're a high-net-worth individual or an average earner with a modest estate, you deserve to have control over what happens to your assets in the event of your passing. To that end, you have a few options.
Portfolio of 18 High-Quality, Class A Assets Concentrated in Coastal and Sunbelt Markets NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for approximately.
Intel (NASDAQ: INTC) reported a net loss of $1.6 billion in the second quarter, a swing of more than $3 billion year over year in the wrong direction. The company's adjusted gross margin was 38.7%, down from the same quarter last year and a mile away from its long-term target of 60%. There are a lot of moving parts contributing to Intel's plunging bottom line, but a major component is the company's aggressive push to lead the market for artificial intelligence (AI) PCs.
TOKYO--(BUSINESS WIRE)-- KKR, a leading global investment firm, and Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, today announced the signing of definitive agreements under which KKR (on behalf of funds managed by it) and TVG will jointly lead a US$140 million (JPY 21.
There's been a lot going on between enduring the sweltering summer heat, kicking back and watching the Olympics, and getting ready for back-to-school season. But the stock market just had arguably its most dramatic month of the year, with many mega-cap tech stocks plummeting, plenty of rebounds across small caps, and surprisingly red-hot runs in value-focused sectors like utilities.
Transaction marks KKR’s latest investment in India’s healthcare sector Investment will support the build-out of a leading pan-India network of hospitals MUMBAI, India--(BUSINESS WIRE)-- KKR, a leading global investment firm, and Baby Memorial Hospital (‘BMH’), a leading regional multi-specialty hospital chain in India, today announced the signing of definitive agreements under which funds.
The cryptocurrency market is growing up in many ways. Right now, Bitcoin (CRYPTO: BTC) is rebuilding the sector dominance it lost in two sharp drops several years ago. Does that mean it's high time to double down on the largest and oldest name in crypto or that investors should pick up undervalued altcoins at a discount? Or does the right plan of action lie somewhere in between those extremes?
BOSTON, July 9, 2024 /PRNewswire/ -- Nasuni, a leading enterprise data platform for modern hybrid cloud environments, today announced a strategic growth investment led by Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses.
Everyone would like to have $1 million. However, earning that much money is far easier said than done. Yet it can be done. Anyone can build a fantastic nest egg with the right strategy, discipline, and investments. So let's dive into how to do it with only $500 per month. Image source: Getty Images. The power of compounding Compound interest is one of the most powerful concepts in finance for a good reason.
NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the second quarter 2024 on Wednesday, July 31, 2024, before the opening of trading on the New York Stock Exchange. A conference call to discuss KKR’s financial results will be held on Wednesday, July 31, 2024 at 10:00 a.m. ET.
"Buy when there's blood in the streets," was something famous banker Baron Rothschild once advised, suggesting the time to invest is when everyone else is fleeing a particular asset or the market in general. And superstar investor Cathie Wood did just that last week when she added to her holding of Moderna (NASDAQ: MRNA) , buying shares for both her flagship Ark Innovation fund and her Ark Genomic Revolution fund.
Investment in freehold logistics asset with strong development potential and asset management initiatives in Greater Copenhagen STOCKHOLM--(BUSINESS WIRE)-- KKR, a leading global investment firm, and Palm Capital, the pan-European real estate private equity specialist today announced the acquisition of a prime last-mile logistics asset in Greater Copenhagen, Denmark, from Catena, the.
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