The Motley Fool
AUGUST 14, 2024
Nvidia (NASDAQ: NVDA) is a $2.6 trillion company, and it currently represents 5.8% of the value of the S&P 500 index. In June, Nvidia stock was sitting on a 150% year-to-date gain, which was responsible for one-third of the entire return in the S&P 500. Both Nvidia and the index have been in a slump since mid-July, but there is a seismic event coming up on Aug. 28 that could reverse both of their fortunes.
A Wealth of Common Sense
AUGUST 14, 2024
Today’s Animal Spirits is brought to you by YCharts and Fabric: See here for 20% off your initial YCharts professional subscription Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life On today’s show, we discuss: Campbell Harvey on the soft landing Has the U.S. Economy Reached a Tipping Point? Flights, Hotels and Parks Are All Flashing Travel Warning Signs Rece.
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The Motley Fool
AUGUST 14, 2024
Social Security can play a critical role in your retirement budget. Sixty percent of retirees said Social Security is a major source of their income in the most recent iteration of an annual Gallup poll. Another 28% said it was at least a minor source. Either way, you'll want to make the most of your Social Security benefits if you can. But one thing that can trip up a lot of retirees is not properly planning ahead.
Private Equity Professional
AUGUST 14, 2024
Whitsons Culinary Group , a portfolio company of GenNx360 Capital Partners , has acquired Arbor Management. Arbor provides food management services to public K-12 school districts and higher education markets in Illinois and Wisconsin. The company’s capabilities include food safety, menu planning, staff training, wellness programs, procurement, and inventory management.
The Motley Fool
AUGUST 14, 2024
Shares of SoundHound AI (NASDAQ: SOUN) have crushed the broad market in the past year with stunning gains of almost 170%, despite witnessing a lot of volatility. Investors have been buying this small-cap company hand over fist to take advantage of the growing demand for voice-based artificial intelligence (AI) solutions. But SoundHound stock really took off earlier this year after Nvidia revealed a small stake in the company, which has carved out a niche in the voice AI market despite its small
Private Equity Professional
AUGUST 14, 2024
Fort Point Capital has acquired NewBold Corporation , a provider of managed technology services to the quick service restaurant, retail, warehousing, and healthcare industries. NewBold supports point-of-sale (POS), automatic identification and data capture (barcodes and RFID tags), and payment device (credit card readers and contactless payment terminals) product lines.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
FinSMEs
AUGUST 14, 2024
Consensus, a Boston, MA-based an provider of an AI-powered search engine for scientific research, raised $11.5M in Series A funding. The round was led by Union Square Ventures, whose previous Series A investments include Twitter, Coinbase, and MongoDB. USV is joined by a group of other investors including Perplexity lead investors Nat Friedman and Daniel Gross, and previous Seed […] The post Consensus Raises $11.5M in Series A Funding appeared first on FinSMEs.
The Motley Fool
AUGUST 14, 2024
Wall Street seemingly has two loves at the moment: anything that has to do with artificial intelligence (AI) and companies conducting stock splits. What you might not realize is that these two trends are intersecting for a trio of companies. A stock split is a tool publicly traded companies have at their disposal that allows them to alter their share price and outstanding share count.
Financial Times M&A
AUGUST 14, 2024
Son hopes to put Japanese group at centre of artificial intelligence boom but talks with US chipmaker failed to progress
The Motley Fool
AUGUST 14, 2024
Choosing an age to claim Social Security is an important financial decision with lifelong consequences. Retired workers are eligible for benefits at age 62, but delaying Social Security increases the payout by a predetermined percentage each month through age 70. Put differently, retired workers who start Social Security at age 62 maximize the number of payments, but they are penalized with the most severe benefit reduction.
FinSMEs
AUGUST 14, 2024
Actuate, a NYC-based innovator in computer vision technology for remote video guarding, raised $11.5M in funding. The round was led by Gray Line Partners, with contributions from existing investors Tribeca Venture Partners, Bling Capital, Tensility Venture Partners, and Upside Partnership. The company intends to use the funds to accelerate its growth, enhance its technology, and expand its market presence. […] The post Actuate Raises $11.5M in Funding appeared first on FinSMEs.
The Motley Fool
AUGUST 14, 2024
Over the last month, Wall Street has offered a stern reminder to investors that stocks don't move higher in a straight line. In particular, the growth-fueled Nasdaq Composite shed approximately 1,400 points , or 8% of its value, during the first three trading sessions of August. Although stock market corrections can be unpredictable and, at times, unnerving, they've also historically represented the ideal time for opportunistic long-term investors to pounce on high-quality companies at a discoun
Steve Sanduski
AUGUST 14, 2024
Guest: Erin Scannell , Chief Executive Officer of Heritage Wealth Advisors. In a Nutshell: When I talked to Erin Scannell in 2020, he was directing 50 team members, 18 advisors, and about $2 billion in AUM. Four years later, Heritage has doubled to $4 billion in AUM, and Erin is in charge of over 80 team members, including 20 advisors and a robust support team.
The Motley Fool
AUGUST 14, 2024
When you look back at the stock market, you can easily see the opportunities that slipped through your fingers -- whether it was failing to invest in Amazon in the early 2000s or passing on Tesla before its meteoric rise. While there's no crystal ball that can reveal the future, you can make educated guesses based on current trends, market potential, and a company's strategic positioning.
Wealthfront
AUGUST 14, 2024
Welcome to our Ask Wealthfront series, where we tackle your questions about personal finance and investing. Want to see your question answered here? Reach out to us on social media and we’ll try to address it in a future column. I’m saving for a house. Should I invest my down payment or keep it in […] The post Ask Wealthfront: Should I Invest My Down Payment?
The Motley Fool
AUGUST 14, 2024
Occidental Petroleum (NYSE: OXY) recently closed its needle-moving acquisition of CrownRock. It paid $12 billion for the fellow oil company, which will significantly enhance its position in the prolific Permian Basin. The acquisition should also boost its annual free cash flow by about $1 billion. However, the oil stock took on a boatload of debt to close the deal (it issued $9.1 billion of new debt while also assuming $1.2 billion of CrownRock's existing debt).
Financial Times M&A
AUGUST 14, 2024
Paddy Power owner says ‘no certainty’ of a deal amid consolidation of online gaming market in Italy
The Motley Fool
AUGUST 14, 2024
The 3.2% Social Security cost-of-living adjustment (COLA) for 2024 was well under the 8.7% boost seniors got in 2023. Though it added about $59 per month to the average Social Security benefit, some seniors felt this didn't go far enough. Many hope the 2025 COLA will bring some much-needed relief. We're still a couple of months away from the official announcement, but there's good reason to suspect the 2025 COLA will be smaller than what we've seen over the last couple of years.
Financial Times M&A
AUGUST 14, 2024
The deal looks pricey considering the outlook for the less healthy food in Kellanova’s portfolio
The Motley Fool
AUGUST 14, 2024
Your Social Security checks are one of your most important and valuable sources of retirement income for two big reasons. First, your benefits are guaranteed until you pass away, so you can't run out of them. Second, the cost-of-living adjustments (COLAs) are built into the benefits program, protecting your benefits against the damaging impact of inflation.
Private Equity Professional
AUGUST 14, 2024
Resurgens Technology Partners , an investor in North American and European lower middle-market software companies, has closed its third fund with $800 million in capital commitments. Similar to its $500 million second fund and $200 million first fund, Fund III will target majority investments in founder-owned software businesses and special situations such as carve-out transactions or venture-backed recapitalizations.
The Motley Fool
AUGUST 14, 2024
Intel 's (NASDAQ: INTC) share price was on a promising growth trajectory in early July, with its stock up 12% in the first half of the month. An escalating chip war between the U.S. and China made investors bullish about Intel's plans to build chip plants throughout the U.S. However, that changed when the company posted its earnings results for the second quarter of 2024 on Aug. 1.
Private Equity Professional
AUGUST 14, 2024
ToxStrategies , a portfolio company of Renovus Capital Partners that provides scientific consulting services, has acquired Suttons Creek. ToxStrategies is a multidisciplinary scientific consulting firm that provides toxicological, epidemiological, industrial hygiene, and therapeutic product development services to clients in the pharmaceutical, food and additives, consumer products, chemical, petrochemical, and pet sectors.
The Motley Fool
AUGUST 14, 2024
Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) stock has rallied more than 20% over the past 12 months, and only trades about 3% below its all-time high. Warren Buffett's diversified conglomerate generated those steady returns even as inflation, elevated interest rates, and geopolitical conflicts rattled the broader markets. Investors might be wary of chasing that rally, but Berkshire's Class B shares are still trading below Wall Street's target-price range of $465 to $506.
Private Equity Wire
AUGUST 14, 2024
Insight Partners, a PE and VC firm focused on tech and software investment, has now raised over $10bn for its 13th flagship fund, ahead of a final close which is expected in early 2025, according to a report by Venture Capital Journal citing sources familiar with the matter. The New York-based firm is targeting $12.5bn for the fund, which has been raising capital for around two years, with a hard cap set at $15bn.
The Motley Fool
AUGUST 14, 2024
Shopify (NYSE: SHOP) stock has popped 26% since releasing its phenomenal second-quarter earnings results on Aug. 7, but it's still down over 50% in the past three years. There's been a lot going on at Shopify that's keeping investors on their toes. Let's see where the business is today and whether or not it's a good time to buy shares. Growth has been better than expected Let's take a step back and give the recent earnings report some context.
Private Equity Wire
AUGUST 14, 2024
Carlyle Group has delayed the closure of its new pan-Asian buyout fund after strong demand for a separate Japan-focused vehicle sapped investor interest, according to a report by Pensions & Investments citing unnamed sources familiar with the situation. The Washington-based private equity firm has requested an extension for closing its sixth regional buyout fund.
The Motley Fool
AUGUST 14, 2024
Image source: The Motley Fool/Upsplash If you're one of the many people who don't have emergency savings, please know it's never too late to start saving. Making progress toward your savings goals is a win and can help you in the future. A $1,000 savings goal is a great place to start. Want to have $1,000 saved before January 2025? I have some good news -- that goal is possible.
AltAssets
AUGUST 14, 2024
Multi-family office Stonehage Fleming has hit an above-$160m final close for its Global Private Capital Fund 2024 - its largest fund to date. The post Multi-family office Stonehage Fleming raises over $160m for its biggest-ever PE fund of funds first appeared on AltAssets Private Equity News. The post Multi-family office Stonehage Fleming raises over $160m for its biggest-ever PE fund of funds appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 14, 2024
Devon Energy (NYSE: DVN) has struck out on several potential acquisition opportunities over the past year. However, the company finally found a deal to its liking in July , agreeing to buy Grayson Mill Energy for $5 billion. The highly accretive transaction is a strong strategic fit for the oil company. The oil producer is working to close the deal by the end of the third quarter.
Private Equity Wire
AUGUST 14, 2024
Global software investors Insight Partners and Sixth Street Growth have made a $450m growth-equity investment in Kiteworks, a US provider of secure content communications. The investment marks a partial liquidity event and will see Eoin Duane and Peter Sobiloff from Insight Partners and Alex Katz from Sixth Street joining Kiteworks’s board of directors.
The Motley Fool
AUGUST 14, 2024
The next $1 trillion company is likely to be one of the artificial intelligence winners, given the outsize growth possibilities of that sector relative to everything else in the economy. While much of the recent attention has gone to the " Magnificent Seven ," semiconductor and software conglomerate Broadcom (NASDAQ: AVGO) has emerged as a key player in the AI races.
AltAssets
AUGUST 14, 2024
The $12.2bn-managing New Hampshire Retirement System has picked HarbourVest and Oak Hill as recipients of its latest set of alternatives fund commitments. The post Harbourvest, Oak Hill fundraises pick up commitments from New Hampshire Retirement System first appeared on AltAssets Private Equity News. The post Harbourvest, Oak Hill fundraises pick up commitments from New Hampshire Retirement System appeared first on AltAssets Private Equity News.
The Motley Fool
AUGUST 14, 2024
One of the best-performing stocks in recent memory could not be further from the tech sector or the ongoing artificial intelligence (AI) boom. I'm talking about Costco (NASDAQ: COST). Shares of the warehouse-club operator have produced a total return of 233% in the past five years, outpacing the S&P 500 by 96%. While the retail stock has continued its momentum throughout 2024, I'm not bullish as we look ahead.
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