The Motley Fool

AUGUST 21, 2024

The age at which you claim your Social Security benefits will have a big impact on their size. If a person who had average earnings throughout their working life files for Social Security at 62 this year, their benefits will replace roughly 30% of their pre-retirement income. But if that same person delays taking benefits until they turn 70, their checks will be equivalent to more than 50% of their pre-retirement income.

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Private Equity Professional

AUGUST 21, 2024

Audax Private Equity has agreed to acquire the Clinical Services business (CSB) of publicly traded Avantor for $650 million. CSB operates as part of Avantor’s laboratory solutions segment and provides three core services supporting clinical trials and laboratory operations. Through its Therapak brand, CSB provides custom kitting services , producing over 22 million kits annually and shipping them to more than 175 countries.

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The Motley Fool

AUGUST 21, 2024

You probably know that an IRA account can help you save for retirement. But you might not appreciate just how powerfully it can do so. Consider, for example, that one of Warren Buffett's investing lieutenants, Ted Weschler, managed to grow his IRA from a value of $70,000 to $264 million ! Yes, that's amazing and most of us probably can't achieve the same result.

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Private Equity Professional

AUGUST 21, 2024

Shur-Co , a manufacturer of cargo covering and cargo control systems and a portfolio company of Behrman Capital , has acquired US Tarp from Brighton Partners. US Tarp manufactures and distributes automated and manual truck and trailer tarping systems used on commercial medium-duty trucks, heavy-duty tractor-trailers, dump trucks and roll-off container handling equipment across the construction, landscaping, agriculture, recycling, and refuse transportation sectors.

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The Motley Fool

AUGUST 21, 2024

Although most investors were laser-focused on the release of the July inflation report last week, they may have missed what could be described as the most insightful data dump of the third quarter. On Aug. 14, institutional investors with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission.

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A Wealth of Common Sense

AUGUST 21, 2024

Today’s Animal Spirits is brought to you by Eaton Vance: See here for more information on Eaton Vance’s suite of ETFs On today’s show, we discuss: Tropical Bros Animal Spirits collection Seinfeld: “Breaking up is like knocking over a Coke machine” Household Debt to Income The Dramatic Turnaround in Millennials’ Finances Florida hit by ‘worst real estate crisis in decades&#8217.

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FinSMEs

AUGUST 21, 2024

DL Software, a NYC-based company providing software products, raised $2M in Pre-Seed funding. The round was led by dao5, Naval, and Evolve Ventures. Other participants included Kevin Zhou, Meltem Demirors, Balaji, and co-founders from Anduril, Rippling, Flexport, Intercom, Lambda, Replit, Ankr, and Akash. The company intends to use the funds to expand operations and its development efforts. […] The post DL Software Closes $2M Pre-Seed Funding Round appeared first on FinSMEs.

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The Motley Fool

AUGUST 21, 2024

Plug Power 's (NASDAQ: PLUG) hydrogen fuel cell solutions could help usher in a newer, cleaner, sustainable energy source. With some estimates projecting that the green hydrogen energy market could grow to $30 billion by 2030, Plug Power's long-term opportunity is huge. However, despite being a leading hydrogen energy stock, the company has struggled mightily over the past several years.

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FinSMEs

AUGUST 21, 2024

AstroForge, a Huntington Beach, Calif.,-based asteroid mining startup, raised $40m in Series A funding. The round, which brought total funding raised to date to raised to date to $55M, was led by Nova Threshold withy participation from 776, Initialized, Caladan, YC, Uncorrelated Ventures, and Jed McCaleb. The company intends to use the capital to expand […] The post AstroForge Raises $40M in Series A Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 21, 2024

The past few months have seen a bunch of artificial intelligence (AI)-related technology companies announce stock splits. In fact, of the five potential AI stock splits I wrote about back in May, four have already either executed or announced imminent splits. Remember, a stock split doesn't change the intrinsic value of a stock one iota. But it can open up the stock to more retail investors and/or employees who would like to buy shares in lower dollar amounts, and who don't have access to fracti

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AltAssets

AUGUST 21, 2024

Tech-focused investment house Insight Partners has reportedly raised more than $10bn towards its latest flagship fund, putting it well on the way to its $12.5bn target. The post Insight Partners said to pass $10bn for latest flagship raise, eyeing early 2025 final close first appeared on AltAssets Private Equity News. The post Insight Partners said to pass $10bn for latest flagship raise, eyeing early 2025 final close appeared first on AltAssets Private Equity News.

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The Motley Fool

AUGUST 21, 2024

In today's video, I will be talking about the recent updates regarding SoFi Technologies (NASDAQ: SOFI). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Aug. 20, 2024. The video was published on Aug. 20, 2024. Should you invest $1,000 in SoFi Technologies right now?

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Financial Times: Moral Money

AUGUST 21, 2024

Asset manager’s support for environmental and social shareholder proposals has hit a new low

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The Motley Fool

AUGUST 21, 2024

Retirement is the most expensive financial goal most people ever have. It takes decades to achieve, even with an above-average income. So it makes sense that most people plan to remain in the workforce at least until their mid 60s. But sometimes life has other plans. Roughly half of seniors actually retire at 61 or earlier, according to The Motley Fool's research on average retirement savings.

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FinSMEs

AUGUST 21, 2024

Great Many, a NYC-based company creating a dedicated place for hair growth, raised $3.6M in Pre-Seed funding. The round was led by BrandProject, with participation from Midnight Venture Partners and Tonic Ventures, with Angel investments from Lukas Keindl, Andy Grover, Elizabeth Cutler, and Meghan Maupin, and current CEO of OurX. The company intends to use the funds to expand operations and its […] The post Great Many Raises $3.6M in Pre-Seed Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 21, 2024

Artificial intelligence (AI) stocks have been in huge demand from investors since last year. The primary catalyst for the AI stock frenzy was OpenAI's release of its ChatGPT chatbot in late 2022, which showcased the amazing capabilities of generative AI. This big boost in demand for AI stocks has significantly driven up the prices and valuations of many of them.

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FinSMEs

AUGUST 21, 2024

Singapore, Singapore, 21st August 2024, Chainwire The post SubQuery Launches Decentralized AI Inference Hosting at Web3 Summit in Berlin appeared first on FinSMEs.

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The Motley Fool

AUGUST 21, 2024

There's no denying growth stocks led the marketwide bullish charge over the past several years. But rightfully so. Interest rates were low, and the economy was persistently strong. It's an ideal setting for growth companies. There's also no denying things are different now. Interest rates are still near their multi-year highs reached late last year.

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Financial Times M&A

AUGUST 21, 2024

Lawyers, bankers and PE fund supremos say the stage is set for a wave of smaller-scale, exploratory unsolicited takeovers

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The Motley Fool

AUGUST 21, 2024

Occidental Petroleum (NYSE: OXY) recently closed its $12 billion acquisition of CrownRock. The deal will significantly enhance its position in the Permian Basin and free cash flow. However, it also loaded the company with debt. The company borrowed $9.1 billion to close the deal and assumed $1.2 billion of CrownRock's existing debt. The oil company plans to significantly reduce its debt in the coming years to ease the potential pressure on its balance sheet.

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Financial Times M&A

AUGUST 21, 2024

A sector once marked by bankruptcies and ESG worries is now huge cash generator for shareholders

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The Motley Fool

AUGUST 21, 2024

It's been yet another exciting earnings season for investors as megacap tech companies proved that the artificial intelligence (AI) train is moving full steam ahead. One AI player in particular is yet to publish financial results for the second quarter. On Aug. 28, semiconductor specialist Nvidia (NASDAQ: NVDA) will report earnings, and you can bet that bulls and bears all across Wall Street will be focusing on every last number the company produces.

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Private Equity Professional

AUGUST 21, 2024

HarbourVest has held an oversubscribed, hard cap, and final closing of its eleventh private equity secondaries fund, Dover Street XI LP , with $15.1 billion of capital. In addition, the firm held a final close for its Secondary Overflow Fund V LP with an additional $3.4 billion of capital for secondary co-investment opportunities. Limited partners in the new funds span the globe and consist of corporations, pension funds, endowments, foundations, sovereign wealth funds, and private wealth invest

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The Motley Fool

AUGUST 21, 2024

Headquartered in Virginia, Dominion Energy (NYSE: D) is a utilities giant that knows how to reward its loyal shareholders with consistent income. That's meaningful in a time when practically every market commentator expects the Federal Reserve to start cutting the federal funds rate and, by extension, Treasury bond yields in September. It's fine to seek a government bond alternative in utility stocks, but utility companies aren't all the same.

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AltAssets

AUGUST 21, 2024

Boston-based buyout house HighVista Strategies is back in the market with its third opportunistic credit fund, with eyes on up to $500m. The post HighVista back with third private credit fundraise, could collect up to $500m first appeared on AltAssets Private Equity News. The post HighVista back with third private credit fundraise, could collect up to $500m appeared first on AltAssets Private Equity News.

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The Motley Fool

AUGUST 21, 2024

Artificial intelligence (AI) is by no means a new technology. The term was first coined by mathematician and computer scientist Alan Turing in 1950. Since then, the generative technology has appeared in one form or another for decades. However, advances in tech have only recently made it possible for companies to bring the true concept of AI into reality.

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Private Equity Wire

AUGUST 21, 2024

Thomas H Lee Partners, one of the oldest private equity firms in the industry, has set a fundraising target of $6.25bn for its latest buyout fund, Thomas H Lee Equity Partners X, according to a report by Private Equity International. If successful, the fund will be 12% larger that the firm’s predecessor vehicle, Fund IX, which closed in 2021 with $5.6bn, but ill still fall short of THL’s largest ever fund, 2007’s $8.1bn Fund VI.

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The Motley Fool

AUGUST 21, 2024

Nvidia (NASDAQ: NVDA) investors have been on a wild ride this year. The artificial intelligence (AI) chipmaker soared as much as 174% in 2024, as excitement about the rapid adoption of generative AI has captivated Wall Street and Main Street alike. With those gains, however, has come extreme volatility, as the value of this emerging opportunity remains uncertain.

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Private Equity Wire

AUGUST 21, 2024

Ahead of the Private Equity Wire Private Credit US Summit, Earl Hunt, Partner, Credit at Apollo Global Management, talks to us about the broad opportunities in credit, including asset-backed finance, the resilience of private credit amid recent market volatility and the evolving role of non-sponsored lending. Private Equity Wire (PEW): Where do you see the most promising pockets of opportunity within the private credit space, particularly for 2024 and beyond?

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The Motley Fool

AUGUST 21, 2024

Are you thinking about betting big money on BigBear.ai Holdings (NYSE: BBAI) ? Hold your horses. BigBear.ai's share price pops and drops may have had more to do with general artificial intelligence (AI) sentiment shifts than anything specific to the company. Moreover, drilling down on BigBear.ai's latest round of financial figures might not put you in the mood to slap down a cool $100,000 on BigBear.ai stock (assuming you have that much available to invest that you don't need for anything in the

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Private Equity Wire

AUGUST 21, 2024

Garnett Station Partners, a New York-based investment firm managing over $2.3bn in assets, has added Dan Lee as Partner. Lee joins from Comvest, a $12.5bn middle-market private equity and credit investment firm, where he spent 13 years as Partner and Co-Head of Consumer & Retail for the company’s direct lending strategy. In this role, he led business development operations, originating, structuring and managing investments primarily in the consumer and retail industries.

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The Motley Fool

AUGUST 21, 2024

Artificial intelligence (AI) isn't new to Alphabet. In 2001, the company (then known as Google) incorporated machine learning into its search engine to help correct spelling errors. Five years later, it launched Google Translate -- a tool that used AI to translate languages. Eric Schmidt was at Google's helm for both major AI milestones, serving as CEO from 2001 to 2011.

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AltAssets

AUGUST 21, 2024

Turn/River Capital is reportedly exploring a possible sale of Redwood Software that could value the automation software business at about $2.5bn including debt. The private equity investor has brought on board Goldman Sachs to run a sale process according to Reuters, which cited unnamed people it said were familiar with the matter. Turn/River made a […] The post Deal Roundup: Turn/River said to seek Redwood Software sale, Carlyle agrees SEIDOR buyou first appeared on AltAssets Private Equi

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The Motley Fool

AUGUST 21, 2024

On Aug. 14, Warren Buffett's conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) released its updated stock holdings for the second quarter of 2024. The biggest headline-grabbing moves were that it sold all of its shares of Snowflake (NYSE: SNOW) and started a roughly $260 million position in Ulta Beauty (NASDAQ: ULTA). But both of these moves make perfect sense for Berkshire.

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