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Image source: Getty Images Ideally, you will get richer over the course of your life. This means you will grow your net worth, which is a calculation that shows how much you actually own. You can find out what your net worth is by subtracting the value of your liabilities from the value of your assets. For most people, increasing their net worth takes time -- unless, of course, they happen to be lucky enough to be born with millions in the bank.
Do you know how long we’ve been in a recession for since the end of the Great Financial Crisis? Two months. In 15 years, the U.S. economy has been in a recession for just two months! That’s roughly 1% of the time, meaning that since July 2009, the United States has avoided a recession 99% of the time.
Image source: Getty Images Credit scores vary across the United States. However on the whole, most people are doing reasonably well with earning good credit. In fact, the nationwide average score is 714, according to The Motley Fool Ascent's research. This is within the "good" credit classification, so most people with scores around the average should be able to qualify for credit cards and loans at reasonable rates.
Heatmap, a NYC-based provider of a data analytics tool for e-commerce websites, raised $4M in Seed funding. The round was led by Vine Ventures, with participation from Hawke Ventures, Pari Passu Venture Partners, el cap, and Mu Ventures. They joined Codie Sanchez (Contrarian Thinking Capital), Power One Capital, Quikr, and innovative marketing experts like Nik […] The post Heatmap Closes $4M Seed Funding appeared first on FinSMEs.
Between the start of 2023 and the midpoint of 2024, the bulls were firmly in control on Wall Street. The rise of artificial intelligence (AI), the return of stock-split euphoria, and better-than-expected corporate earnings/economic data helped propel all three major stock indexes to multiple record-closing highs. But as history has repeatedly shown, the stock market doesn't move up in a straight line.
Clearly, a London, UK-based provider of a climate intelligence platform using AI to provide fleet operators with critical trip-level emission and energy insights, raised $4.3M in Seed funding. The round was led by Pace Ventures and Nine Realms, with participation from existing mobility investors Mobilion, Next Gear and M1720 alongside angels Lord Nash and Margaux Primat.
It's been a rough couple of weeks for the stock market, as major indexes began plummeting in early August. As of this writing, the S&P 500 has fallen by around 5% over the past month. The tech-focused Nasdaq has been hit even harder, down by more than 10% in that time and officially falling into correction territory. If you're feeling pessimistic about the market right now, you're not alone.
Ragie, a San Francisco, CA-based platform that enables developers to build AI applications connected to their own data, raised $5.5M in funding. The round was led by Craft Ventures, Saga VC, Chapter One, and Valor. The company intends to use the funds to expand operations and its development efforts. Founded by Bob Remeika and Mohammed Rafiq, Ragie […] The post Ragie Raises $5.5M in Funding appeared first on FinSMEs.
Ragie, a San Francisco, CA-based platform that enables developers to build AI applications connected to their own data, raised $5.5M in funding. The round was led by Craft Ventures, Saga VC, Chapter One, and Valor. The company intends to use the funds to expand operations and its development efforts. Founded by Bob Remeika and Mohammed Rafiq, Ragie […] The post Ragie Raises $5.5M in Funding appeared first on FinSMEs.
To say that shares of Cava (NYSE: CAVA) have been satisfying investors' hunger would be an understatement. The Mediterranean-inspired fast-casual concept restaurant has surged 105% this year alone (as of Aug. 8), outpacing the broader S&P 500 by a wide margin. And since its initial public offering in June last year, this rising restaurant stock is a big winner.
PayZen, a San Francisco, CA-based fintech technology company tackling healthcare affordability via AI-powered solutions, raised $232M in Series B funding. The round was led by NEA, with participation from existing investors including 7wireVentures, SignalFire, Viola Ventures, and others. The company intends to use the funds for growth and market expansion.
Warren Buffet was born in 1930, and he bought his first stock at age 11. By 1965, he was running his very own investment company called Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) , where he continues to cement his legacy as one of the world's greatest investors. Berkshire has become a conglomerate with several wholly owned companies under its umbrella, in addition to a portfolio of 47 publicly traded stocks and securities.
As we've all been told, artificial intelligence (AI) is going to disrupt everything in healthcare, from scheduling a doctor's appointment to developing new medicines. But there's a lot more to AI than large language models (LLMs) like ChatGPT. In fact, there's a good chance that AI's impact on biotech will go far beyond what consumer-facing AI applications might imply.
Image source: The Motley Fool/Unsplash There are mighty rumblings among the masses that the Federal Reserve is about to lower the federal funds rate for the first time since July 2019. Just how much is open to speculation, but what is abundantly clear is that the gains that savers have seen since rates started going up in March 2022 are about to start shrinking again.
Image source: Getty Images The share of middle class Americans has fallen in the last 50 years. And while most (51%) are still middle class, according to the Pew Research Center, it makes sense to question how those classes are broken up. For the curious, there are simple ways to tell based on the state of your finances. But first, it's important to note that your current financial situation doesn't necessarily mean you're stuck in your given class bracket forever.
Guidewheel, a San Francisco, CA-based provider of an AI-powered platform that enables factories to reach sustainable peak performance, raised $31M in Series B funding. The round was led by Decarbonization Partners, a partnership between BlackRock and Temasek. Ecolab, Rethink Impact, and GSBackers also participated, alongside existing investors Greycroft and Breakthrough Energy Ventures (BEV), among others. […] The post Guidewheel Raises $31M Series B Funding appeared first on FinSMEs.
Many experts see artificial intelligence (AI) as the investment opportunity of a lifetime. While the market is still nascent, chipmaker Nvidia (NASDAQ: NVDA) has already benefited substantially. Since January 2023, its trailing-12-month revenue has nearly tripled and shares have surged more than 600%. After those astonishing gains, some investors may worry it's too late to buy Nvidia stock, but Wall Street remains bullish.
MD Ally, a NYC-based leader in 911 diversion, care, and navigation solutions, closed a $14m Series A funding round. The round, which brought MD Ally’s total funding to $25m, was led by Frist Cressey Ventures, and anchored by General Catalyst, with participation from Techstars, Seae Ventures, Red & Blue Ventures, and Alumni Ventures. The company intends to use […] The post MD Ally Raises $14M in Series A Funding appeared first on FinSMEs.
Image source: Getty Images Medical debt is no joke. Not only does the U.S. have the most expensive healthcare of any country, but medical debt is the No. 1 reason Americans file for bankruptcy, according to the American Medical Association (AMA). Medical debt can also play havoc on a person's budget and personal finances, causing their credit score to plummet and making it harder for them to get credit when it's needed.
Spline, a NYC-based provider of a collaborative 3D design platform, raised $10M in Series A funding. The round was led by Third Point Ventures, with participation from Gradient Ventures, Y Combinator, Firestreak, Jorn van Dijk (CEO of Framer), and Guillermo Rauch (CEO of Vercel). Third Point Partner Dan Moskowitz joined the company’s board of directors.
Some investors enjoy a more active approach to owning stocks, keeping tabs on the market's daily ins and outs, and trading on a relatively regular basis in an effort to buy at lows and lock in profits at highs. Other investors, however, are less interested in activity, and are content to simply buy and hold without frequent check-ins on their portfolio.
Balderton Capital, one of Europe’s leading technology venture capital firms, has raised $615mfor its Early Stage Fund IX and $685m Growth Fund II, to back Europe’s “most ambitious entrepreneurs from seed stage through to IPO” Both funds, which Balderton marketed simultaneously for the first time, attracted strong support from a global mix of LPs targeting strong returns, including a $90m commitment from British Patient Capital.
In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) , Taiwan Semiconductor Manufacturing (NYSE: TSM) , and other semiconductor companies. 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 August 9, 2024. The video was published on August 11, 2024.
Alchemy has agreed to sell pan-European telecommunications business, Lebara Group, which has over 4m subscribers across the UK, Netherlands, Germany, France and Denmark, to Waterland Private Equity. The sale, which is pending regulatory approval, is expected to deliver a strong return on investment for Alchemy’s investors. Alchemy first invested in Lebara in 2018 when, following a period of underperformance under prior ownership, it acquired the business.
Amidst a market sell-off centered around big tech stocks, Nvidia (NASDAQ: NVDA) has had a rough month. Since it hit $135 per share in early July, the stock has sold off heavily and now sits at just shy of $100 per share. That's a near-30% decline from its high, indicating that Nvidia stock is in its own bear market. While this may cause some investors to panic, it may provide other investors a chance to buy the stock at a discount after missing the initial rise.
Apollo Global Management is bolstering its European presence by relocating Managing Director Adriaan van der Knaap from New York to London. This move is part of the firm’s strategy to boost its capital solutions team across Europe. In his new role, van der Knaap will collaborate with Leslie Mapondera and Tristram Leach, Apollo’s co-heads of European credit, focusing on large corporate origination.
The S&P 500 (SNPINDEX: ^GSPC) features around 500 companies listed on U.S. stock exchanges. It has a strict criteria for entry, so only the highest-quality names make the cut. Among other things, new additions must: Have a minimum market capitalization of $18 billion. Be profitable over the most recent 12-month period. The S&P 500 is weighted by market cap, so the largest companies have a greater influence over its performance than the smallest.
Russell Investments has hired Ayesha Parra from Goldman Sachs Asset Management as Global Head of Alternatives in its New York office. She will lead the overall business strategy for the firm’s alternatives platform globally. Parra, who joined in July, also serves as a member of the firm’s operating committee. Parra spent 19 years at Goldman Sachs Asset Management, where she held several leadership positions across various business units, most recently as part of the GP stakes team within the ext
Shares of high-volatility stocks and companies that could benefit from lower interest rates had a great day today as the market anticipates a September rate cut by the Federal Reserve. Not only could interest rates be down, but there are signs the economy won't go into too deep of a recession if there is one at all. Shares of Tesla (NASDAQ: TSLA) jumped as much as 5.6% today, Lucid (NASDAQ: LCID) popped 6.2%, and Quantumscape (NYSE: QS) was up 6.4%.
Lazard has appointed Guggenheim Securities banker Courtney Haydon as a Managing Director in a move to bolster its private equity and alternative asset management dealmaking efforts, according to a report by Reuters. The report cites an unnamed source familiar with the matter as confirming that Haydon is set to join Lazard’s financial sponsors coverage group in the coming months.
There's a benefit to saving for retirement in a workplace retirement plan. With an IRA, you have to remember to send money into that account on a regular basis. With a 401(k), your contributions are taken as payroll deductions automatically. All you need to do is sign up, and your employer will make sure that your retirement account is funded on a regular basis.
Dallas-based Silver Hill Energy Partners has raised $1.13bn for its fourth fund - the second institutionally-backed vehicle it has raised to date. The post US oil, gas investor Silver Hill seals $1.13bn for second institutional fundraise first appeared on AltAssets Private Equity News. The post US oil, gas investor Silver Hill seals $1.13bn for second institutional fundraise appeared first on AltAssets Private Equity News.
The performance of the "Magnificent Seven" has been a bit of a mix bagged this year, with some performing well and others, not so much. This group of high-profile tech companies includes Alphabet , Apple , Amazon , Microsoft , Meta Platforms (NASDAQ: META) , Nvidia , and Tesla. Facebook parent Meta Platforms has been one of the better performers in this clique -- the stock is up by a solid 42% since the year started.
Akin has appointed Payson Lyman as Partner in the firm’s Boston office. Lyman, whose practice focuses on hybrid capital, preferred equity and other equity capital solutions, joins from Kirkland & Ellis, where he was also Partner. Lyman also advises private equity sponsors in complex domestic and cross-border business transactions, including mergers and acquisitions, leveraged buyouts, divestitures, carve-outs, recapitalisations and general corporate matters.
Shares of Nvidia (NASDAQ: NVDA) surged higher on Tuesday, jumping as much as 6.2%. As of 1:33 p.m. ET, the stock was still up 5.7%. The catalyst that sent the chipmaker and artificial intelligence (AI) specialist higher were reports that delays of the Blackwell AI processor likely won't be as bad as originally feared. Billions at stake Earlier this month, reports suggested that Nvidia's much anticipated Blackwell B200 AI processor, which is scheduled to begin shipping later this year, would ship
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