The Motley Fool

AUGUST 15, 2024

Image source: Upsplash/The Motley Fool It's not always easy to see the signs that a relationship isn't working out. But this month might be a good time to reevaluate your relationship with Costco. Here are a few reasons August might be the best time to cancel your Costco membership. 1. Price increases are coming in September After strongly hinting at an upcoming increase last May, Costco finally dropped the official bomb that membership fees are increasing as of Sept. 1, 2024.

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A Wealth of Common Sense

AUGUST 15, 2024

My colleague Alex Palumbo joined us on the show this week to discuss questions about how to deploy a big chunk of cash savings, how to diversify out of company stock, benchmarking financial performance and how to think about alpha when it comes to choosing a financial advisor. Further Reading: The Holy Grail of Portfolio Management 1The S&P 500 was up 9.8% per year while the 10 year Treasury gained 4.6% annually from.

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The Motley Fool

AUGUST 15, 2024

Inflation refers to the general rise in the price of goods and services. The U.S. Federal Reserve aims to keep the consumer price index (CPI) measure of inflation growing at an annual rate of 2%, and the central bank will adjust the federal funds rate (overnight interest rates) when it deviates too far from that target. The CPI hit a 40-year high of 8% in 2022, triggering one of the most aggressive campaigns to hike interest rates in the history of the Fed.

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FinSMEs

AUGUST 15, 2024

Goodfire, a San Francisco, CA-based startup committed to demystifying generative AI models, raised $7M in seed funding. The round was led by Lightspeed Venture Partners, with participation from Menlo Ventures, South Park Commons, Work-Bench, Juniper Ventures, Mythos Ventures, Bluebirds Capital, and several notable angels. The company intends to use the funds to scale up the […] The post Goodfire Raises $7M in Seed Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 15, 2024

Image source: Getty Images If you're a current Sam's Club member or have been considering joining, you'll want to be aware of some upcoming changes the retailer is making. Sam's Club is establishing order minimums to qualify for free curbside pickup, free delivery, and free shipping. These changes will take effect on Aug. 19, 2024. Here's what you need to know before you place your next order.

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FinSMEs

AUGUST 15, 2024

Chaos Labs, NYC-based onchain risk management company, raised $55M in Series A funding. The round was led by Haun Ventures with participation from F-Prime Capital, Slow Ventures, Spartan Capital, Lightspeed Venture Partners, Galaxy Ventures, Wintermute Ventures, PayPal Ventures, General Catalyst, Bessemer Venture Partners, Coinbase Ventures, Kevin Weil (OpenAI CPO), Michael Shaulov (Fireblocks CEO), Anatoly Yakovenko (Solana CEO), Francesco Agosti (Phantom CTO), and Anton Katz (Talos CEO).

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FinSMEs

AUGUST 15, 2024

Kiteworks, a San Mateo, CA-based company which specializes in secure content communications, raised $456M in funding. Backers included Insight Partners and Sixth Street Growth. Eoin Duane and Peter Sobiloff from Insight Partners and Alex Katz from Sixth Street will join the Kiteworks board of directors. The company intends to use the funds to strengthen its […] The post Kiteworks Raises $456M in Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 15, 2024

After hitting a high of $140 in June, Nvidia (NASDAQ: NVDA) shares have pulled back amid a broader market sell-off, as well as reports that Nvidia's upcoming Blackwell chip might get delayed. Despite all that, UBS is sticking with its $150 price target and "buy" rating on the stock. These price targets are usually just an estimate of where an analyst thinks a stock can trade in the near term.

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FinSMEs

AUGUST 15, 2024

Caresyntax, a San Francisco, CA-based provider of a vendor-neutral precision surgery platform, raised $180M in Series C funding. The financing comprises $80M of equity and up to $100M of growth debt facility. Backers included Symbiotic Capital, MTIP AG, BIONIQ Capital, PFM Health Sciences, Pictet Alternative Advisors, surgical.ai, BlackRock Innovation Capital, Aescuvest, Optum Ventures, Cure Capital, Relyens […] The post Caresyntax Raises $180M in Series C Funding appeared first on FinSMEs

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The Motley Fool

AUGUST 15, 2024

August has been a rocky month for investors thus far, with a sell-off induced by economic fears and a tough earnings season for a number of popular AI stocks. However, some stocks have passed the earnings test with flying colors and look poised for further gains. Without further ado, keep reading to see these three stocks that look like screaming buys today.

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FinSMEs

AUGUST 15, 2024

Rx Save Card, a Chicago, IL-based provider of a pharmacy benefit solution, raised $1.7M in Pre-Seed funding. The round was led by Distributed Ventures and participation from industry insiders. The company intends to use the funds to scale its team and technology. Led by CEO Chris Crawford, Rx Save Card empowers employees to pay directly […] The post Rx Save Card Raises $1.7M in Pre-Seed Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 15, 2024

Even after the broader market's epic rally last week, megacap growth stocks have still gotten crushed over the past month. Microsoft , Alphabet , Amazon , Nvidia , and Tesla are now down between 13% and 28% from their 52-week highs -- highs that were mostly achieved earlier this summer. Here's why investors looking for a broad-based approach to buying growth stocks may want to consider exchange-traded funds (ETFs) -- and some factors they should be aware of before taking a position in these low-

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FinSMEs

AUGUST 15, 2024

Vanilla, a Salt Lake City, UT-based estate planning software company, raised a funding round of undisclosed amount. The round was led by returning investor Insight Partners, in addition to contributions from Venrock, Vanguard, Edward Jones Ventures, and new investor Alumni Ventures. The company will use the funding to expand its platform, including its embedded AI […] The post Vanilla Closes Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 15, 2024

For nearly four years, crypto investors have waited for the big breakout moment for XRP (CRYPTO: XRP) , which is still languishing under the $1 mark. And now that moment seems to have arrived. At the beginning of August, the long-running Securities and Exchange Commission (SEC) court case against Ripple (the company behind the XRP token) finally wrapped up, and it looks like the worst of XRP's regulatory headaches is over.

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FinSMEs

AUGUST 15, 2024

Levels, a NYC-based provider of a software platform that shows users how food affects their health, raised $10m in Series A Extension funding. The round included $3 million in crowdfunding from more than 2,000 investors, as well as investments from Long Journey, a16z, and others. The company intends to use the funds to expand operations […] The post Levels Raises $10M in Series A Extension appeared first on FinSMEs.

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The Motley Fool

AUGUST 15, 2024

Beginning in the mid-1990s, the internet completely changed the way consumers and businesses interacted. Though it took time for this innovative technology to go mainstream and mature, the internet, ultimately, altered the growth trajectory for Corporate America in a positive way. For three decades, Wall Street and investors have been eagerly awaiting the next leap forward in technology that would do for businesses what the internet did in the mid-1990s.

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FinSMEs

AUGUST 15, 2024

Are you curious about how to make the most of your $10 in forex trading? You’ve probably heard stories of traders turning small amounts into big profits, and you might be wondering if it’s really possible. Well, guess what? It is! But the secret lies in choosing the right lot size. In this article, we’re […] The post What is the Best Lot Size for a $10 Account?

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The Motley Fool

AUGUST 15, 2024

Millions of retired Americans collect monthly benefits from Social Security. And at this point, there's a big question seniors want an answer to: What will their 2025 Social Security cost-of-living adjustment (COLA) look like? It's too soon to answer that. Recent estimates put 2025's Social Security COLA at 2.63%. But we won't have a clear number until inflation data for 2024's entire third quarter becomes available.

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Private Equity Wire

AUGUST 15, 2024

Private equity and infrastructure investment manager Foresight Group has exited Kingsbridge Healthcare Group, the largest private hospital group in Northern Ireland. Founded in 2005 as 3fivetwo Healthcare, Kingsbridge currently has four hospitals (three in Northern Ireland and one in County Sligo, Ireland). The group offers orthopaedic, cataract, urology and cosmetic surgeries, as well as operating clinics for prostate conditions and sports injuries, private GP services and diagnostics including

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The Motley Fool

AUGUST 15, 2024

The industrial sector is up 14% over the last year -- slightly lagging the performance of the S&P 500 , but still a solid gain. Despite being an industry leader in heavy equipment for agriculture, construction, and forestry, Deere (NYSE: DE) stock is down 20% over the last year and hovering around a three-year low. Here's why the dividend stock has sold off far enough and why it is worth buying and holding for the next five years.

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Private Equity Wire

AUGUST 15, 2024

Innova Capital has acquired a majority stake in Tutore group, Poland’s largest private education platform operating under the eTutor, ProfiLingua and Tutore brands. The deal also included the acquisition of the International Language Institute and ESL Brains. The investments were made under the recently closed Innova/7 fund. Since making strategic acquisitions in 2022, which enabled the creation of a complementary business serving both consumers and businesses, Tutore has operated under th

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The Motley Fool

AUGUST 15, 2024

Based on the prices and dividends at the time of this writing, the average dividend yield of shares in Vitesse Energy (NYSE: VTS) , the JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI) , and Whirlpool (NYSE: WHR) is 7.8%. All three are attractive, but all contain risk. Before adding these three stocks to a high-yield portfolio, here's what you need to know.

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Private Equity Wire

AUGUST 15, 2024

Global investment firm Carlyle has agreed to acquire US medtech company Baxter International’s kidney care segment — to be named Vantive — for $3.8bn, concluding talks initially reported by Reuters and the Wall Street Journal last month. The transaction is expected to close in late 2024 or early 2025. Baxter, which is based in Deerfield, Illinois, will receive approximately $3.5bn in cash.

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The Motley Fool

AUGUST 15, 2024

SoFi Technologies (NASDAQ: SOFI) has made excellent progress in diversifying its business into becoming a one-stop shop for customers' financial needs. It has also expanded its technology platform, which lets non-bank companies offer financial products to their customers. These growing businesses have helped SoFi report its third consecutive profitable quarter, but the stock continues to struggle and is down by a third this year.

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Private Equity Wire

AUGUST 15, 2024

Almost half (49%) of investors globally consider private equity to be overvalued, rising from 46% in H1 2024, according to alternatives data and insight provider Preqin’s Investor Outlook H2 2024 report, which surveyed 185 institutional investors. This was however lower than those surveyed on the same question in Preqin’s June 2023 and June 2022 surveys (53% and 66% respectively).

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The Motley Fool

AUGUST 15, 2024

Companies have spent tens of billions of dollars in a race to advance artificial intelligence capabilities over the past two years. Several companies have emerged as big winners in the early days of the generative AI boom, but not all of them will maintain their leading position. But I predict one tech giant will come out ahead in artificial intelligence in the long run.

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Private Equity Wire

AUGUST 15, 2024

A consortium of private credit and private equity firms including Davidson Kempner Capital Management and RRJ Capital have provided a $1bn private loan to Logan Group Co to allow the distressed Chinese property developer, according to a report by Bloomberg. The loan, which was arranged by JPMorgan Chase & Co, and finalised late Saturday, is a joint arrangement with KWG Group Holdings, and will be used tomorrow refinance an original HKD10.2bn ($1.3bn) due to mature on 25 August, according to

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The Motley Fool

AUGUST 15, 2024

The diabetes and obesity care markets are under disruption. Glucagon-like peptide-1 (GLP-1) receptor agonists such as Ozempic, Wegovy, Mounjaro, and Zepbound have catapulted in popularity. The thing is that all of those treatments are manufactured by just two pharmaceutical companies , Novo Nordisk (NYSE: NVO) and Eli Lilly (NYSE: LLY). Yet despite limited competition at the moment, a number of companies of all sizes are looking to get involved.

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Private Equity Wire

AUGUST 15, 2024

Swedish investment firm EQT, Europe’s largest private equity house with over €200bn in assets under management, is looking to raise $12.5bn for a new fund which will focus on investments in the Asian market, according to a report by Reuters. The fund, named EQT Private Capital Asia’s BPEA Private Equity Fund IX, will be managed by EQT Private Capital Asia, a division established in October 2022 following EQT’s $6.7bn acquisition of Baring Private Equity Asia.

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The Motley Fool

AUGUST 15, 2024

There's little doubt that one of the biggest contributors to the market rally that began early last year is the growing adoption of artificial intelligence (AI). Countering that bullish sentiment, however, are lingering concerns about the ongoing battle with inflation and its impact on the economy. The Federal Reserve Bank has been resolute that it would not begin lowering interest rates until there has been a marked improvement in the rate of inflation.

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AltAssets

AUGUST 15, 2024

Alternative assets major EQT is looking to raise $12.5bn for its new Asia-focused fund, BPEA Private Equity Fund IX. The post EQT sets $12.5bn target for new Asia-focused BPEA fundraise first appeared on AltAssets Private Equity News. The post EQT sets $12.5bn target for new Asia-focused BPEA fundraise appeared first on AltAssets Private Equity News.

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The Motley Fool

AUGUST 15, 2024

At any given time, I own about 40 different stocks in my portfolio. They have a wide spectrum of risk levels, ranging from large blue chip stocks to small, relatively speculative positions. To be sure, most of my portfolio is designed so I don't have to be too worried during a stock market sell-off. Of my 10 largest positions, I'm quite confident that their businesses , not necessarily their stock prices, would be absolutely fine if the market dropped, or even if the economy fell into a deep rec

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Private Equity Wire

AUGUST 15, 2024

Global private investment major KKR is negotiating a $500m private debt facility with lenders to support its proposed acquisition of a 50% stake in communications firm FGS from from British advertising agency WPP for $775m, according to a report by Bloomberg. The proposed deal, which was announced earlier this month, would see the New York-based investment firm up its stake in FGS from 30% to 80%.

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The Motley Fool

AUGUST 15, 2024

For numerous valid reasons, Medical Properties Trust (NYSE: MPW) has generally been an unpopular stock this year. You wouldn't know that from the real estate investment trust's (REIT) performance on Thursday, though, as its price rose by more than 5% on news of a big divestment. That performance easily topped that of the S&P 500 , which increased by 1.6% on the day.

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