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Imagine a world where you can jump into a flying taxi and avoid the traffic gridlock below to reach your destination. Although this idea sounds like something out of science fiction, electric vertical takeoff and landing aircraft (eVTOL), also known as flying taxis, could be coming to a city near you. Flying taxis could change urban transportation as we know it, and Archer Aviation (NYSE: ACHR) is one company looking to make it a reality.
Household net worth is at all-time highs. Housing prices are at all-time highs. The stock market is near all-time highs. But not everyone is feeling great about their finances. Here’s a look at average retirement balances by age along with the share of each cohort who feels like they’re on the right track for retirement: The good news is confidence tends to increase as you age.
For most retirees, Social Security is more than just a program that delivers a check each month. This payout represents a vital source of income that's proved to be a necessity for our aging workforce. In each of the last 23 years, national pollster Gallup has surveyed retired Americans to gauge how reliant they are on the income they receive from Social Security.
Microsoft (NASDAQ: MSFT) is a king of reliability, known for its consistent financial and stock growth. Over the last five years, the company's share price has risen 200%, while free cash flow has climbed 92%. Microsoft's steady growth has secured it a market cap above $3 trillion, allowing it to remain in the world's top three most valuable companies.
Boeing (NYSE: BA) might end up selling its defense unit -- but it's not out of the defense business yet. In a huge announcement that might give a clue to the company's future, the U.S. Air Force (USAF) confirmed last week that it has awarded Boeing $2.56 billion to build for it "two operationally representative prototype E-7A weapons systems." The contract was the single biggest award listed on the Department of Defense's daily contracts update Aug. 9 -- by a factor of four.
What do Iranian drones have in common with Russian hypersonic missiles and China's DF-21D "aircraft carrier killer" rocket? All three pose a clear and present danger to U.S. forces and their allies, and all three require air defense missiles to protect against this threat. That's a problem for the U.S. and allied militaries, though, and for defense companies like Lockheed Martin (NYSE: LMT) and RTX Corporation , makers of the famous PATRIOT air defense missile (as well as many other missiles, su
By Bryce Sanders With surprisingly little effort, there are many ways you can enhance your in-person seminars or speaking engagements. One of the advantages of training financial advisors for many years is people proudly share what has worked for them. Let us look at several of these ideas.
Upstart Holdings (NASDAQ: UPST) was a pandemic darling. Its stock came public in 2020 priced at $20, and it soared 20-fold to over $400 within just 10 months. Historically low interest rates drove a surge in demand for loans among consumers, which was great for the company's artificial intelligence (AI)-powered lending marketplace. Unfortunately, Upstart came unstuck when interest rates started to rise in 2022.
CancerIQ, a Chicago, IL-based precision health platform that empowers healthcare providers to personalize cancer prevention and early detection for their patients, received a revenue based financing from Decathlon Capital Partners. The amount of the deal was not disclosed. The company intends to use the funds to invest in platform development, the introduction of new offerings, […] The post CancerIQ Receives Revenue Based Financing From Decathlon Capital Partners appeared first on FinSMEs.
Image source: Getty Images Identity theft isn't just an inconvenience. It can be financially devastating and take years to fully recover. You could lose the money in your bank accounts , have difficulty applying for new credit, and you may even have creditors hounding you over unpaid bills you know nothing about. Identity thieves operate all over the world, but residents in some states are harder hit than others.
Avionté, a Bloomington, MN-based provider of enterprise staffing platforms acquired AkkenCloud, a Nashua, NH-based staffing software company. The amount of the deal was not disclosed. With the acquisition, Avionté will expand its offerings in the staffing software industry. AkkenCloud brings knowledge and understanding to Avionté’s platform, instrumental in designing a system that addresses the challenges […] The post Avionté Acquires AkkenCloud appeared first on FinSMEs.
There are growing concerns that the economy is barreling toward a recession. Higher interest rates are starting to impact economic growth, and many worry that if the Federal Reserve waits too long to cut rates, it could trigger a recession. While a recession could have a major impact on some companies, it likely won't affect Enbridge (NYSE: ENB) at all.
Botanical Solution, a Santiago, Chile-based provider of a proprietary R&D platform for production of advanced botanical materials (ABM), raised additional $7.6M in funding. The round, which brought the total amount of Series A to $23M, saw participation from undisclosed investors. The company intends to use the funds to accelerate scalable commercial production of pharmaceutical grade […] The post Botanical Solution Raises Additional $7.6M; Series A Extended to Over $23M appeared first
XRP (CRYPTO: XRP) was supposed to skyrocket in value as soon as Ripple (the company behind the XRP token) resolved its long-running court battle with the SEC. But that simply hasn't happened. The news of a big Ripple win broke on Aug. 7, and since then, the price of XRP has increased from $0.50 to $0.60. ( Yawn. ) For the year, XRP is still down 2%.
Veteran journalist, publisher and entrepreneur Greg Bright has died aged 70. Bright was a founder of Conexus Financial, publisher of Investment Magazine, Professional Planner and Top1000funds.com. He also created and managed a range of other titles in a career spanning more than four decades.
Image source: Getty Images Costco is well-known for its cheap gas prices that help you keep more money in your bank account when you fill up your tank. But there's more to know about getting gas at the warehouse club beyond competitive prices. Here are three surprising things about Costco's gas stations that you may not be aware of that could help you make more informed choices each time you fuel up. 1.
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.
Image source: Getty Images It's not always a good idea to monetize your hobbies. But if you're a professional creative, there are ways to turn your acquired skills into passive income that can boost your earnings. First, however, it's important to recognize that passive income often requires upfront investment and work. Still, once you get past that initial phase, your budget may be able to reap the benefits for years to come, so it can be well worth the effort.
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.
It's not exactly a secret that healthcare tends to be a huge expense for retirees. But as of 2023, Fidelity estimated that the average 65-year-old could expect to spend $157,500 on healthcare in retirement, even with Medicare coverage. Meanwhile, according to the Federal Reserve, the typical 65-year-old only has $200,000 in retirement savings. So, it's easy to see why healthcare in retirement has the potential to be such a huge burden.
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.
Most experts agree there's been a paradigm shift in technology thanks to the latest developments in artificial intelligence (AI). Recent advances in generative AI have paved the way for a multitude of new use cases, as these systems can generate original content, handle menial tasks, streamline time-consuming procedures, and automate processes -- all with a few simple keystrokes.
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.
There is one very simple reason I expect SoundHound AI (NASDAQ: SOUN) stock to beat the market over the next seven years. The company has a huge backlog of long-term contracts and other unfilled orders, just waiting to convert into cash-based revenues. Market makers seem to have missed this as-yet untapped source of future sales -- and the average contract in SoundHound AI's backlog pool is a seven-year deal.
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.
Bill Ackman of Pershing Square Holdings and Andreas Halvorsen of Viking Global Investors are two highly regarded billionaire-level investment managers. In the second quarter, their companies added new positions in two stocks that just happen to be members of the prestigious Dow Jones Industrial Average , an index that tracks 30 blue chip stocks. Ackman's firm reported a position worth $229 million in Nike (NYSE: NKE) , while Viking Global disclosed a $478 million investment in McDonald's (NYSE:
NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR has completed the acquisition of Park 8Ninety, a 12 building industrial logistics park in Houston, Texas, from Artis Real Estate Investment Trust (“Artis REIT”) for approximately $234 million. The approximately 1.8 million square-foot (SF) master planned park was completed in phases between 2017 and.
There are simple and complex ways to generate income. If you buy exchange-traded funds (ETFs), you can hand off much of the work while still mixing simple and complex strategies as you look to build your income portfolio. On the "simple" side of the equation, a great option is Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD). On the "complex" side, you might consider covered-call writing Amplify CWP Enhanced Dividend Income ETF (NYSEMKT: DIVO).
NEW YORK--(BUSINESS WIRE)-- Global investment firms Carlyle (NASDAQ: CG) and KKR (NYSE: KKR) today announced that one or more strategic partnerships comprised of funds and accounts managed by Carlyle and KKR’s respective credit businesses have agreed to purchase an approximately $10.1 billion portfolio of prime student loans from Discover Financial Services (NYSE: DFS).
Do you want exposure to some of the best growth stocks in the world? You don't have to go out hunting for them using various stock screeners to find the most promising opportunities in the markets. Exchange-traded funds (ETFs) can help you with that. ETFs are often associated with being safe options for risk-averse investors who don't know much about stocks or aren't good at picking stocks.
WAYNE, Pa. & NEW YORK--(BUSINESS WIRE)--Trinseo PLC (“Trinseo” or “the Company”)(NYSE: TSE), a specialty material solutions provider, today announced that a special purpose finance entity, Styron Receivables Funding Designated Activity Company, has entered into a $150 million non-recourse financing facility with credit funds and accounts managed by KKR, a leading global investment firm.
To paraphrase a Shakespeare quote, bad news and misfortune tend to come in groups. But that may also apply to good news. Just ask Eli Lilly (NYSE: LLY) , a pharmaceutical company that has been flying on all cylinders. The drugmaker continues to impress investors with exceptional financial results, impressive regulatory wins, and exciting clinical progress.
NEW YORK & PHILADELPHIA--(BUSINESS WIRE)-- KKR, a leading global investment firm and The Penn Mutual Life Insurance Company (“Penn Mutual”) today announced the signing of a definitive agreement under which investment funds managed by KKR will acquire Janney Montgomery Scott LLC (“Janney” or the “Company”). This press release features multimedia.
Get ready -- in just 11 years, Social Security will be celebrating its 100th birthday! For now, we can celebrate that it has been around for 89 years, keeping millions of Americans out of poverty. Today, it supports more than 71 million Americans, with payments totaling nearly $1.5 trillion per year. You might wonder what the average benefit is for someone of an average retirement age.
BELLEVUE, Wash. & NEW YORK & EVANSVILLE, Ind.--(BUSINESS WIRE)--T-Mobile (NASDAQ: TMUS), America's 5G leader and fastest-growing fixed wireless broadband provider, today announced it has entered into a definitive agreement to establish a joint venture (JV) with leading global investment firm KKR (NYSE: KKR) that will acquire Metronet including its broadband infrastructure, rapidly growing residential fiber business operations and existing customers.
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