Mon.Jul 29, 2024

article thumbnail

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
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Thinking of Buying Nvidia Stock? You Need to Hear What Elon Musk Just Said

The Motley Fool

At this point, Nvidia (NASDAQ: NVDA) needs no introduction. Almost everyone probably knows the artificial intelligence (AI) leader by now. Nvidia stock has exploded over the last year and a half, and even briefly earned the title of the world's most valuable company, surpassing perennial tech titans Apple and Microsoft to top the charts. The company dominates the market for data center graphics processing units (GPUs), the semiconductor components used to run powerful AI models like ChatGPT, wit

Stakes 246
article thumbnail

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
article thumbnail

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
article thumbnail

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

More Trending

article thumbnail

A closer look at the green hydrogen market

Financial Times: Moral Money

Also in today’s newsletter, Goldman Sachs invests in ESG software provider osapiens

Investing 109
article thumbnail

Why Are Gas Prices So High? The Answers May Surprise You

The Motley Fool

Image source: Getty Images It seems as if the price of gasoline is always on the rise, and it never really gives anybody a breather. And while historical data doesn't exactly show this to be wholly true, it definitely has seasonal swings and long-term trends that can take your breath away. For example, according to the Federal Reserve Bank of St. Louis, the average price of unleaded regular gasoline in America in June 2024 was $3.601 per gallon.

Taxes 246
article thumbnail

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
article thumbnail

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.

article thumbnail

BHP revives copper ambitions with $3bn Filo deal

Financial Times M&A

Joint takeover of Argentine assets with Canada’s Lundin is latest sign of consolidation in mining sector

Assets 102
article thumbnail

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
article thumbnail

Elliott brews up trouble at Starbucks 

Financial Times M&A

Plus, Carlyle sticks with its oil and gas investments, and BlackRock’s Larry Fink takes his time finding a successor

Investing 101
article thumbnail

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
article thumbnail

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 100
article thumbnail

What's the Smartest Age to Take Social Security? It Depends On the Answer to One Simple Question

The Motley Fool

The age at which you begin taking Social Security can make or break retirement, but it's not always easy to decide when to file. Some experts swear by delaying benefits to maximize your monthly payments, while others highly recommend filing earlier. In reality, there's no single best age for everyone to begin claiming. Some retirees really are better off waiting, yet filing early can also be a smarter move in some situations.

Funds 246
article thumbnail

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.

article thumbnail

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
article thumbnail

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
article thumbnail

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
article thumbnail

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
article thumbnail

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
article thumbnail

Premium beauty is heading for a rough patch

Financial Times M&A

Recent evidence suggests that even consumers with high disposable incomes are starting to feel the pinch

97
article thumbnail

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.

article thumbnail

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
article thumbnail

Prediction: Ripple (XRP) Will Hit $1 by 2025

The Motley Fool

More commonly known as Ripple, the XRP (CRYPTO: XRP) cryptocurrency seems to be in dire straits nowadays. Though it once soared to a short-lived peak of $3.09 per coin, Ripple hasn't touched the $1 benchmark since the spring of 2022. And the coin doesn't always follow the broader crypto market trends -- Ripple has dropped 15% over the last year while Bitcoin (CRYPTO: BTC) gained 133% and Ethereum (CRYPTO: ETH) prices rose by 75%.

article thumbnail

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
article thumbnail

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
article thumbnail

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

article thumbnail

Disney World Is Slashing Prices for a Limited Time. Here's How to Save Big on Your Next Visit

The Motley Fool

Image source: Getty Images There's an old joke that you could send your kids to college or pay for a week-long vacation at Disney World. It's not a particularly funny joke when you think about it. It's hard to put a price on a weeklong stay at Disney because there are numerous factors to account for. These include the size of your family, the time of year you're going, the specific parks you're choosing to visit, and where you stay.

Banks 243
article thumbnail

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
article thumbnail

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.

article thumbnail

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.

article thumbnail

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