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In 2014, I attended my first Gen Con. It was fantastic -- and fortuitous. The "largest and longest-running tabletop gaming convention in North America," Gen Con has been held in the city of Indianapolis since 2003. Even before moving there, however, Gen Con (named after Lake Geneva, WI, hometown to Dungeons & Dragons (D&D) creator Gary Gygax) was associated with the famed role-playing game.
Diversified investors experienced one of the worst bear markets ever in 2022. The stock market downturn wasn’t great but not out of the ordinary as far as bear markets go. It was relatively calm in comparison to history’s worst crashes. The average bear market since 1928 is a loss of more than 36%, so the 25% peak-to-trough drawdown in 2022 wasn’t the end of the world.
XRP (CRYPTO: XRP) , the native cryptocurrency of the Ripple blockchain, has declined more than 80% from its all-time high in early 2018. The bulls had originally expected XRP to gain more traction as more companies routed their gross payments, remittances, and foreign exchange transactions through Ripple's blockchain. Ripple claimed its ledger could provide its customers with secure, instant, and "nearly free global financial transactions of any size with no chargebacks.
Myavana, an Atlanta, GA-based company which specializes in AI-driven personalized hair care, raised $5.9M in Seed funding. Backers included Prisma Ventures, H/L Ventures, New Age Capital, BrainTrust, Duo Partners, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures, and NGC Capital. The company intends to use the funds to expand operations and consolidate its position.
Image source: Getty Images The average amount of retirement savings among Americans aged 65 to 74 is about $609,000, according to the Federal Reserve. But the median individual retirement account (IRA) or 401(k) balance among that age group is only $200,000. If you slept through Statistics 101, you should know that when you have a median that's way lower than an average, it tells us that the median is likely a more representative number for the sample set you're working with -- in this case, Ame
DevRev, a Palo Alto, CA-based provider of an AI-native platform that unifies customer support and product development, raised $100M in Series A funding, at $1.1 Billion valuation. The round was led by Khosla Ventures, Mayfield Fund, and Dheeraj Pandey’s family office, Param Hansa Values, in addition to accelerators and family offices of tech CEOs and VCs. […] The post DevRev Raises $100M in Series A; Valued at $1.1B appeared first on FinSMEs.
The adoption of artificial intelligence (AI) is ongoing, but some investors fear the trend is getting a little long in the tooth. Fears about the economy and weakness in AI stocks helped push the Nasdaq Composite into correction territory earlier this month, and with valuations stretched, some believe there could be further declines ahead. Nvidia (NASDAQ: NVDA) has become the poster child for the generative AI trend.
Our story so far : Stuck at home over the pandemic, it was a perfect time to revisit a pastime of my youth – buying cheap beater cars, and turning them into something fun and worthwhile. Only this time, I have a lifetime of experience with what does and doesn’t work well, along with a somewhat more generous budget. All of this got restarted about a decade ago; I was personalizing a 2013 flood salvage-title Rubicon ; it reminded me how much fun it was to do these little projects.
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Our story so far : Stuck at home over the pandemic, it was a perfect time to revisit a pastime of my youth – buying cheap beater cars, and turning them into something fun and worthwhile. Only this time, I have a lifetime of experience with what does and doesn’t work well, along with a somewhat more generous budget. All of this got restarted about a decade ago; I was personalizing a 2013 flood salvage-title Rubicon ; it reminded me how much fun it was to do these little projects.
Electric vehicles (EVs) are poised to revolutionize travel. Yet, like any trailblazing technology, EV batteries have a way to go before widespread adoption is commonplace. QuantumScape (NYSE: QS) is a company at the forefront of battery innovation. Its mission is simple: To overcome the limitations of modern lithium-ion battery technology and pave the way for a cleaner, electrified future.
Marketing is one of the hardest things to do in business. At its core, marketing is a form of storytelling. If brands fail to craft compelling stories, then it's hard to resonate with consumers. One company that notably doesn't rely on hefty advertising, however, is Tesla (NASDAQ: TSLA). Despite intense competition, Tesla has one thing that none of its competitors do.
By Sandy Schussel If you want more business from existing clients and lots of introductions to new clients, get your best clients to tell stories about their “magical” experience working with you. You don’t have to bring them 25% returns or prevent an economic recession, but you do have to provide an experience that shows you care deeply about them and their situation.
Image source: Getty Images When you join Costco , you don't just get access to perks like affordably priced groceries and household essentials. You get access to a world of benefits, from travel services to electronics that come with free tech support and extended warranties. But your Costco shopping strategy shouldn't simply be to hit the store, load up your trunk, and leave.
Image source: Getty Images If you've ever shopped at Costco , you've no doubt seen the Kirkland Signature name all over the store. Kirkland is Costco's signature store brand, and you'll find it on a wide range of products, some of which are absolutely terrific buys. Here are five Kirkland products you may want to purchase on repeat. 1. Kirkland bakery muffins It's not just that Kirkland muffins are fluffy, moist, and delicious.
Nobl Q, a Dallas, TX-based global AI- and cloud-based solutions provider, acquired Propel, a software developer that specializes in advanced technology solutions. The amount of the deal was not disclosed. This strategic acquisition is set to amplify Nobl Q’s reach across multiple verticals, as it brings together some of the sharpest minds in the industry. […] The post Nobl Q Acquires Propel appeared first on FinSMEs.
Image source: Getty Images The cost of gasoline continues to fall nationwide, but it may not feel like it, especially if you live in a state with particularly high prices and your credit card charges are higher as a result. While the average cost of regular unleaded gasoline fell to $3.472 per gallon on Aug. 5, 2024, the memo does not appear to have reached the following states.
Simplicity, a Summit, NJ-based financial products distribution firm, received an investment from SkyKnight Capital and Dragoneer. Additional terms of the transaction, which is expected to close by the end of 2024 subject to regulatory approvals, were not disclosed. As part of the transaction, Dragoneer and SkyKnight will invest equity in Simplicity to provide a liquidity […] The post Simplicity Receives Investment from SkyKnight and Dragoneer appeared first on FinSMEs.
Artificial intelligence (AI) has been a powerful catalyst where the stock market is concerned. Since January 2023, shares of Nvidia , Broadcom , and Super Micro Computer have advanced 615%, 165%, and 520%, respectively. That price appreciation compelled all three companies to split their stocks. The next AI companies to announce splits in 2024 could be Microsoft (NASDAQ: MSFT) and ServiceNow (NYSE: NOW).
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Fortis Green and AXIAN Energy acquire Rwandan solar plant first appeared on Africa Capital Digest.
Super Micro Computer (NASDAQ: SMCI) has been one of the hottest stocks on the market this year, clocking tremendous gains of 73% as of this writing, but a closer look at the stock's more recent performance tells us that its bull run has come to an end. In fact, shares of Supermicro (as the company is known) are down 58% since hitting a 52-week high on March 8.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post HAVAÍC promotes Suttner-Tromp to Partner first appeared on Africa Capital Digest.
Over the last month, Wall Street has sent investors a stern but necessary reminder that stocks can indeed move lower just as easily as they can head higher. In 2024, we've witnessed the mature stock-driven Dow Jones Industrial Average (DJINDICES: ^DJI) , benchmark S&P 500 (SNPINDEX: ^GSPC) , and innovation-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) all fly to record-closing highs on multiple occasions.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Maia Capital wraps up fundraising for maiden fund first appeared on Africa Capital Digest.
The stock market has been causing quite the panic lately, as prices have fallen sharply in recent weeks. The S&P 500 (SNPINDEX: ^GSPC) is currently down by nearly 6% since mid-July, and many investors are worried it's only going to get worse from here. To be clear, there's no way of knowing exactly what the market will do in the short term. Stocks could fall further, or this may end up being a short-lived slump with the worst already behind us.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Founders Factory Africa launches rebrand first appeared on Africa Capital Digest.
Most personal finance and retirement experts recommend waiting until age 70 to claim Social Security benefits. The primary reason for that rule of thumb is because the average individual will maximize their lifetime benefits by delaying Social Security. It also comes with a few additional tax-planning benefits for wealthier households. But there are still some drawbacks to waiting until you're past your 60s to start collecting Social Security.
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.
Investors might not fully appreciate what Rivian (NASDAQ: RIVN) has already accomplished so far in its young history. Establishing an automaker from the ground up amid a complete industry transition from internal combustion engines to electric vehicles (EV) has been a tall task. Consider that 99 automakers starting with the letter "A" alone have gone bankrupt in past decades.
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.
Semiconductors are among the most essential technologies on the planet. They enable everything from thermostats to smartphones to autonomous vehicles. Now, artificial intelligence (AI) demands even higher performance. These high-performance products are so important that there is geopolitical tension between the U.S. and China related to import and export bans and Taiwan, where most of the world's semiconductors are manufactured.
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.
Image source: The Motley Fool/Upsplash Emergency funds are one topic where financial experts are largely in agreement. The traditional advice is to have enough emergency savings to cover three to six months of living expenses. It's also recommended to keep that money in a high-yield savings account , so you can earn as much interest as possible on it.
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.
As this earnings season has shown, large companies continue to invest heavily in AI. But one problem has been the massive electricity needs of these power-hungry AI servers. And with even higher-powered AI chips coming next year, this problem is set to compound. To alleviate AI's massive power needs, data center operators are just starting to adopt direct liquid cooling (DLC) for AI server racks, as opposed to the traditional air-cooled racks used in the vast majority of data centers today.
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.
Image source: Getty Images Elevated mortgage rates have made it difficult for buyers to move forward with home purchases. That's because on top of those higher rates, home prices are also up on a national scale. But there's a good chance that mortgages will be less expensive to sign in 2025. The question is, how low will they go? Downward movement is expected As of this writing, the average rate on a 30-year mortgage is 6.47%.
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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