Mon.Jul 29, 2024

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Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

The Motley Fool

For almost six decades, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been putting on a clinic for Wall Street. Despite being just as fallible as any other investor, the Oracle of Omaha has overseen a greater than 5,260,000% return in Berkshire's Class A shares (BRK.A) since taking the reins in the mid-1960s. Returns of this magnitude are why 40,000 people flock to Omaha, Nebraska, every year to hear Buffett speak about stocks, the U.S. economy, and the investing philosop

Banks 246
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SePRO Receives Investment from Stanley Capital Partners and Goldman Sachs Alternatives

FinSMEs

SePRO Corporation, a Carmel, Indiana-based specialty environmental restoration company focused on water quality, received an investment from Stanley Capital Partners and Goldman Sachs Alternatives. Stanley Capital Partners made a majority investment while Goldman Sachs Alternatives joined as a minority co-investor. The financial details for this transaction were not disclosed.

Capital 113
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Boeing and Lockheed Martin Crush SpaceX in Latest Space Force Awards

The Motley Fool

Is the U.S. Space Force playing favorites in space? In 2022 and 2023, SpaceNews reports that the United States Space Force (USSF) awarded 60% of its National Security Space Launch Phase 2 (NSSL2) rocket contracts to the United Launch Alliance (ULA) joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT). SpaceX, which charges significantly less per launch than does ULA, was nevertheless awarded only 40% of the work.

Bidding 246
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unspun Raises $32M in Series B Funding

FinSMEs

unspun, an Oakland, CA-based 3D weaving technology company, raised $32M in Series B funding. The round led by DCVC, with participation from Lowercarbon Capital, E12, Decathlon and SOSV. Milo Werner, General Partner at DCVC, will join unspun’s Board of Directors. The company intends to use the funds to develop its 3D weaving technology and expand its operations in Europe and North America. […] The post unspun Raises $32M in Series B Funding appeared first on FinSMEs.

Funds 111
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Here's How Much Money You'd Have Now If You Invested $10,000 in Warren Buffett's Favorite ETF 10 Years Ago

The Motley Fool

Fire is hot. Ice is cold. Water is wet. Some statements are so self-evident they don't need to be made. However, I'll add one more to the list: Warren Buffett knows how to make money. Buffett's net worth currently stands at nearly $138 billion. He amassed this fortune by buying businesses (notably including Berkshire Hathaway ) and investing in stocks.

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Axle Automation Raises $2.5M in Seed Funding

FinSMEs

Axle Automation, Inc., a San Francisco, CA-based provider of AI-powered solutions for compliance teams, closed its $2.5m seed funding round. The round was led by Diagram Ventures, with participation from Mistral Ventures, Uphonest Capital, StreamingFast and other strategic angels. The company intends to use the funds to scale the team and expand its business reach. […] The post Axle Automation Raises $2.5M in Seed Funding appeared first on FinSMEs.

Funds 111

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Mezo Raises $7.5M in Strategic Funding

FinSMEs

Mezo, Thesis’s permissionless Bitcoin Economic Layer, raised $7.5m in strategic funding. The round was led by Ledger Cathay Fund, Ledger and Cathay Innovation’s early-stage venture fund, with participation from ArkStream, Aquarius Fund, Flowdesk, GSR, Origin Protocol and Bybit ecosystem project, Mantle’s EcoFund. This brings total funding for Mezo to $30M following its launch in April 2024.

Funds 107
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Why NuScale Power Stock Is Crashing Today

The Motley Fool

The U.S. government's growing interest in nuclear power has contributed significantly to the rise in upstart nuclear power stock NuScale Power (NYSE: SMR) lately. But it's another arm of the government, the Securities and Exchange Commission (SEC), that is energizing the bears today thanks to news that the agency that regulates U.S. securities is currently investigating NuScale Power.

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Apollo makes $700m Sony Music Group investment

Private Equity Wire

Private equity major Apollo Global Management has made a significant investment of $700m in Sony Music Group, providing its clients with another opportunity to access “high-grade” alternative assets, according to a report by Reuters. Apollo did not disclose the specific terms of the deal with Sony, which represents artists such as Lil Nas X and Celine Dion.

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Attention, Growth Investors: This Biotech Stock Is Crushing Nvidia.

The Motley Fool

If you're an investor focused on growth, you may have spent a fair share of your time at least watching Nvidia (NASDAQ: NVDA) stock in recent times -- even if you haven't jumped in to invest in this high-flyer. Nvidia dominates the artificial intelligence (AI) chip market, and that's helped the company deliver triple-digit gains in revenue and profit.

Investors 246
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Maximizing tax benefits: Understanding QSBS eligibility for small business stakeholders

Private Equity Wire

PARTNER CONTENT By George Teixeira, CPA, MST Tax Partner, Anchin The Qualified Small Business Stock (QSBS) Exclusion, a vital provision for founders, investors, and employees of small businesses, offers a significant tax advantage by exempting capital gains tax on qualifying stock. This exemption is available to each qualifying shareholder of each corporation from which qualifying stock is held.

Taxes 98
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Prediction: This Artificial Intelligence (AI) Semiconductor Stock Will Be the Best Chip Company to Own Over the Next Decade (Hint: Not Nvidia)

The Motley Fool

Over the last couple of years, the technology industry has become overwhelmingly enamored with artificial intelligence (AI). In particular, semiconductor stocks have witnessed newfound growth and investors can't seem to get enough. While Nvidia is the biggest icon in the chip space right now, I see another company emerging as a superior investment over the next several years.

Companies 246
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Kennet closes largest fund to date at €266m

Private Equity Wire

Transatlantic growth equity investor Kennet has raised €266m for its largest fund to date, Kennet VI, which has already begun to deploy capital into B2B SaaS companies across Europe, including Screendragon in Ireland and the UK as well as Fluid Topics in France. Kennet focuses on B2B SaaS technology companies which are founder-owned and either capital efficient or built without external capital.

Funds 98
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3 Ultra-High-Yield Dividend Stocks I'm Buying for Decades of Passive Income

The Motley Fool

I don't rely on dividend income yet. But I'd like to be in a solid position to do so when I'm ready to retire. The good news is that plenty of great alternatives pay juicy dividends. Here are three ultra-high-yield dividend stocks I'm buying for decades of passive income. 1. Ares Capital Few stocks offer a dividend as spectacular as Ares Capital (NASDAQ: ARCC).

Debt 246
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Thoma Bravo eyes up to $2.74bn from Nasdaq stake sale

Private Equity Wire

Software focused private investment firm Thoma Bravo is aiming to raise up to $2.74bn by selling approximately half of its current shareholding in Nasdaq Inc as it looks to reduce its stake in the business acquired during a transaction last year, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as revealing that the private equity firm is offering 41.6 million Nasdaq shares, as announced by the exchange operator on Friday.

Stakes 97
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Should Nvidia Be Looking Out for Alphabet?

The Motley Fool

Fool.com contributor Parkev Tatevosian discusses what these product advancements could mean for Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Nvidia (NASDAQ: NVDA) stock investors. *Stock prices used were the afternoon prices of July 25, 2024. The video was published on July 27, 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy no

Returns 246
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Arctos nears $1.3bn Hayfin buyout

Private Equity Wire

Arctos Partners, known for its investments in high-profile sports teams including Paris Saint-Germain and the Boston Red Sox, is in advanced discussions to acquire a majority stake in private credit firm Hayfin Capital Management. The acquisition, which values Hayfin at $1.3bn, will see Arctos and Hayfin’s co-founders Tim Flynn and Mark Tognolini acquiring a majority of the common stock currently held by the British Columbia Investment Management Corporation.

Buyout 97
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Where Will Starbucks Stock Be in 5 Years?

The Motley Fool

The stock market has been quite generous to investors so far this year. The S&P 500 has gained an impressive 14% while the Nasdaq Composite has notched a slightly better 15.7%. All told, investors have had a lot to smile about in 2024. Unfortunately, Starbucks (NASDAQ: SBUX) investors haven't fared so well. Shares of the coffee chain stock have plummeted by 22% so far in 2024, vastly underperforming the broader market.

Stakes 245
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Apollo funds to acquire IGT’s gaming and digital business and Everi in $6.3bn

Private Equity Wire

Apollo Global Management is to acquire International Game Technology’s gaming & digital business and Everi Holdings in a $6.3bn value all-cash transaction that will take both companies private under a newly formed holding company. Everi stockholders will receive $14.25 per share in cash, representing a 56% premium over the company’s closing share price on 25 July, 2024, while IGT will receive $4.05bn in gross cash proceeds from the sale of its gaming business, which is expected t

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Should You Buy SoFi Stock While It's Below $8?

The Motley Fool

SoFi Technologies (NASDAQ: SOFI) has been making incredible progress on its way to becoming a real player in U.S. banking. It has reported two straight quarters of positive net income, as expected, and revenue continues to increase at robust levels. But with the business' many moving parts, not everything is being taken so well by investors, and SoFi stock is down 29% year to date.

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Lloyds Banking Group’s PE arm invests in Irish healthcare provider Medray 

Private Equity Wire

LDC, the private equity arm of Lloyds Banking Group, has invested in healthcare equipment and service provider Medray Group, marking an exit for Irish private equity investor Erisbeg. Medray provides diagnostic imaging equipment, including X-ray and CT, to the healthcare, veterinary and dental markets in the UK and Ireland. The company employs 120 people across its Dublin base and a distribution centre in Hemel Hempstead.

Banks 94
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What Will Be the Best Weight Loss Drug Stock of 2030: Eli Lilly, or Novo Nordisk?

The Motley Fool

While the market for anti-obesity medicines is characterized today by a fight between Novo Nordisk 's (NYSE: NVO) drug Wegovy and Eli Lilly 's (NYSE: LLY) drug Zepbound, that won't always be the case. Over the coming years, the competitive dynamics of the market for weight loss medicines will change, and the competition is going to heat up big-time.

Prospects 243
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IK makes Sansidor investment

Private Equity Wire

European private equity firm IK Partners will invest in Sansidor, a provider of buildings testing and inspection services, via its IK Small Cap III. IK is investing alongside existing shareholders HC Partners. Financial terms of the transaction have not been disclosed. Sansidor was created in 2018 through the acquisition of several inspection companies by HC Partners.

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2 Monster Stocks That Could Create Generational Wealth

The Motley Fool

Finding stocks that can set you up for life is easier than you think. Regardless of how expensive a stock might look, if the underlying business is experiencing robust demand for its products and still has a huge opportunity in front of it, it's a good bet the stock is going to deliver outstanding returns. With that in mind, let's look at two magnificent growth stocks that could make you a fortune over the long term that you can then pass down to the next generation. 1.

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3 Key Boxes to Check Off before Registering your RIA

XY Planning Network

So, you’ve decided to go independent and are committed to starting your RIA. Congrats! This is an exhilarating step for many soon-to-be business owners as you visualize your best life, dream practice, and ideal clients. What often gets overlooked until much later in the planning phase is registering as an investment adviser at the State or SEC level and how to prepare for that effectively.

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3 Social Security Changes Retirees Need to Know About in 2024

The Motley Fool

The U.S. has plenty of great social programs, but you could argue that Social Security is the most crucial. Around 53 million Americans receive Social Security retirement benefits, and for many of them, Social Security is the only or a large part of their retirement income. Unfortunately, navigating the ins and outs of Social Security isn't always a walk in the park.

Taxes 242
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Inflexion to sell UK insurance broker SR&P

Private Equity Wire

European mid-market private equity firm Inflexion is to sell its investment in David Roberts & Partners, a UK insurance broker founded in 1977, to BMS Group, a specialist insurance and reinsurance broker. DR&P employs almost 400 people across 25 offices in the UK and Europe, handling in excess of £620m for clients. Inflexion initially invested in DR&P in 2021 and re-invested in 2023 to support further growth of the business.

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Prediction: This Will Be Pfizer's Next Big Move

The Motley Fool

Despite its impressive performance in 2020 and 2021, it's no secret that Pfizer (NYSE: PFE) is in the process of reinventing itself. Without much of the windfall from its coronavirus products propping up the top line, it may be years until revenue can top its recent peak. But that just means the company has an incentive to make big plays and take big risks to delight its shareholders.

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Citi feels the heat over India’s job numbers

Financial Times - Banking

Reaction to forecasts by the bank point to the political sensitivity of research in the country

Banks 101
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Where Will Costco Stock Be in 3 Years?

The Motley Fool

Costco Wholesale (NASDAQ: COST) has been a huge winner for investors over the long term. Since 2000, the stock has risen nearly 1,700%. Its total return for that period, which assumes reinvested dividends, comes in at 2,500%! Those massive gains are backed by a solid business that just recently announced a new catalyst for growth. But if you buy shares today, you should prepare yourself for the possibility of a deep drawdown at some point over the next three years.

Returns 238
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YouSUI Raises $1M in Funding

FinSMEs

YouSUI, an all-in-one platform on the Sui Network, secured a $1m strategic investment MOU (Memorandum of Understanding) with FZF Ventures and Layer-OTC. This funding accelerate YouSUI’s mission to provide a comprehensive and seamless decentralized finance (DeFi) experience and facilitate its strategic migration to the Movement Blockchain. YouSUI is a platform on the Sui Network, offering […] The post YouSUI Raises $1M in Funding appeared first on FinSMEs.

Funds 69
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Costco Stock: Buy, Sell, or Hold?

The Motley Fool

Costco Wholesale (NASDAQ: COST) members in the U.S. and Canada will soon pay more for their memberships after the company recently announced a price hike. The news comes on the heels of an outstanding 2024 for the stock, which is up approximately 25% year to date. Given the rise in Costco stock, it's worth digging into its recent financials, the details of the price hike, and its valuation to determine whether it's a buy, sell, or hold.

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Synthetica Pioneering Closes Series A Funding Round

FinSMEs

Shenzhen Synthetica Pioneering Co., Ltd., a Shenzen, China-based biotech startup specializing in synthetic biology for engineering novel living bacterial therapeutics, closed a Series A funding round. The round was led by Boehringer Ingelheim Venture Fund and Temasek, with participation from Lenovo Capital, Fosun Health Capital and ATLATL Summer Fund.

Funds 69
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Why Tesla Stock Raced Ahead 5% on Monday

The Motley Fool

Shares of Tesla (NASDAQ: TSLA) surged 5.5% through 11 a.m. ET on Monday, enjoying a tailwind from two separate analysts. According to a report by StreetInsider.com, Piper Sandler said that Tesla might have achieved a key milestone with its latest version of its full self-driving (FSD) software. Meanwhile, Morgan Stanley explained why Tesla is its top pick in the automotive sector.

Returns 237