Sat.Mar 23, 2024

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Here's the Average Social Security Benefit at Age 66

The Motley Fool

For most Americans, Social Security plays a key role in fortifying their financial foundation during retirement. More than two decades of annual surveys from Gallup have shown that between 80% and 90% of then-current retirees count on their guaranteed monthly benefit to cover at least some portion of their expenses. A separate study from the Center on Budget and Policy Priorities found that, as of 2022, Social Security payouts were responsible for pulling approximately 22.7 million people above

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Crosbie puts Nationwide’s reputation on the line with Virgin Money bet

Financial Times M&A

Building society has hurdles to overcome to make £2.

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Want to Become a Stock Market Millionaire? 3 Simple Steps to Go From $0 to $1 Million or More

The Motley Fool

Investing in the stock market is a fantastic way to build wealth, and the best part is that you can make a lot of money regardless of your skill level. While generating $1 million or more may seem like a lofty goal, it's more attainable than it may seem. You will, however, need the right strategy to maximize your earnings while minimizing risk. There's no single correct way to invest, but with these three steps, you'll be on your way to building a million-dollar portfolio.

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10 Weekend Reads

The Big Picture

Billionaires know they are. Low-wage workers are very well aware that they aren’t. But vast swaths of America’s “regular rich” don’t feel that way, and it’s keeping everybody down. [link] via Bloomberg. Electric Boogie Woogie Wagon [link] 17 astounding scientific mysteries that researchers can’t yet solve What is the universe made out of?

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5 Little-Known Perks of 401(k) Plans

The Motley Fool

Image source: The Motley Fool/Upsplash Employer-sponsored 401(k) plans are some of the most popular retirement accounts, and nearly 35% of working-aged Americans have one. Since you can sign up for one at work, they require less effort than opening a retirement account with a brokerage firm. Some common benefits of 401(k) plans include employer matching programs that allow you to quickly boost the total amount of contributions in your account.

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Explore New Depths of Data Customization

Udu

The features described here are new or updated as of this post’s publish date. Look for more recent Product Feature Update articles. Any time our users think they understand how powerful udu Source is, they find that there is more iceberg beneath the water. We are constantly striving to anticipate our users’ needs and provide more functionality below the surface.

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Optio Investment Partners, Kennedy Lewis Investment Management and KKR announce multi-year financing agreement

KKR

Stockholm and London, 23 January, 2024 – Optio Investment Partners (“Optio”), an innovative credit platform, Kennedy Lewis Investment Management (“Kennedy Lewis”), a leading alternative credit manager, and KKR, a leading global investment firm, today announced a multi-year, multi-jurisdiction agreement. Under this agreement, Kennedy Lewis and KKR will provide asset-based funding to support the Optio Auto Evolution strategy, driving next generation auto financing.

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3 Magnificent Vanguard ETFs I'm Buying and Holding Forever

The Motley Fool

Whether you're new to the stock market or simply want a low-maintenance investment that can help you build wealth with next-to-no effort, exchange-traded funds (ETFs) can be a fantastic option. Each ETF contains dozens or hundreds of stocks bundled together into a single investment, which can help you create an instantly diversified portfolio while barely lifting a finger.

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KKR Closes US$6.4 Billion Asia Pacific Infrastructure Investors II Fund

KKR

Fund is largest pan-regional infrastructure fund to have been raised for Asia Pacific More than half of the Fund already invested or committed across ~10 investments HONG KONG--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the final close of KKR Asia Pacific Infrastructure Investors II SCSp (the “Fund”), a US$6.4 billion fund focused on infrastructure-related.

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The Unexpected Benefits of Expensive Pet Food

The Motley Fool

Image source: The Motley Fool/Unsplash I have four dogs that I've managed to raise to ripe old ages, ranging from about 15 (she's a rescue, so we don't know for sure) to 8 1/2. For my entire life, I've been around dogs -- all kinds of dogs. So many dogs. And there's one thing that I learned a very long time ago that continues to play out: there's a lot of value in expensive pet foods.

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ContourGlobal appoints Antonio Cammisecra as Chief Executive Officer

KKR

London, 5 February 2024 – ContourGlobal Ltd. (“ContourGlobal”), a developer, owner and operator of power generation assets around the world, today announces the appointment of Antonio Cammisecra as CEO, effective 2 February, 2024.

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These Are the 2 Biggest Downsides of Cheap Auto Insurance

The Motley Fool

Image source: Upsplash/The Motley Fool In 2023, the national average annual cost of car insurance was $3,017, according to The Motley Fool Ascent's research into car insurance costs. Paying around $251 a month out of a bank account is a lot of money, so it's not surprising that many people want to look into cheap auto insurance. The problem is, while it's good to shop around to find affordable coverage, it's not necessarily a good idea to get cheap coverage.

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KKR & Co. Inc. Reports Fourth Quarter 2023 Results

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) today reported its fourth quarter 2023 results, which have been posted to the Investor Center section of KKR’s website at [link] This press release features multimedia. View the full release here: [link] A conference call to discuss KKR’s financial.

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Social Security's Cost-of-Living Adjustment (COLA) in 2025 Might Be Even Smaller Than the Raise in 2024

The Motley Fool

Social Security recipients get annual cost-of-living adjustments (COLAs) to help protect the buying power of benefits from inflation. Fallout from the pandemic led to particularly high inflation in recent years, so much so that retired workers received an 8.7% COLA in 2023, one of the largest raises in program history. But benefits increased just 3.2% in 2024 as consumer price increases moderated, and the 2025 COLA could be even smaller.

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KKR to Present at the Bank of America Securities Financial Services Conference 2024

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Robert H. Lewin, Chief Financial Officer, will present at the Bank of America Securities Financial Services Conference 2024 on Wednesday, February 21, 2024 at 10:30AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For.

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3 Reasons to Buy Roku Stock Like There's No Tomorrow

The Motley Fool

The stock market has been in rare form since early last year. All the major market indexes have entered bull market territory, rising over 20% from their respective lows and reaching new all-time highs. However, not all stocks have participated equally. Take Roku (NASDAQ: ROKU) , for example. The streaming pioneer has gained roughly 59% since the beginning of last year but is still 86% off its peak.

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KKR’s Henry McVey Says Leading Family Offices Plan to Allocate More to Alternatives in 2024

KKR

New Asset Allocation Report Based on Proprietary Survey Highlights the Growth Ambitions of Family Offices NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released “Loud and Clear,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA). Based on a proprietary survey of more than 75 Chief Investment Officers.

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Buying These Dirt-Cheap Stocks Could Be a Brilliant Move

The Motley Fool

Price matters. That's true whether we're talking about cars, houses, laptops, or anything else -- including stocks. Three Motley Fool contributors had price in mind when choosing Axsome Therapeutics (NASDAQ: AXSM) , CRISPR Therapeutics (NASDAQ: CRSP) , and Pfizer (NYSE: PFE) as top picks for investors right now. Here's why they think buying these dirt-cheap stocks could be a brilliant move.

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KKR Leads Financing for Clarience Technologies’ Acquisition of Safe Fleet

KKR

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that it served as Lead Arranger, Administrative Agent, and investor on a debt financing for Clarience Technologies’ Acquisition of Safe Fleet. KKR invested in the transaction through its credit vehicles and accounts. KKR Capital Markets acted as Left Lead Arranger and Joint Bookrunner on the transaction.

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The Best Reason to Take Social Security Long Before Age 70

The Motley Fool

One of the more meaningful decisions you'll make in your life, financially speaking, is when to start collecting your Social Security benefits. Start early and your checks will be smaller (though you'll collect many more of them, of course) -- and if you start later, your checks will be larger (though you'll receive fewer of them). There are good reasons to start early or later.

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KKR to Acquire Broadcom’s End-User Computing Division

KKR

MENLO PARK, Calif.--(BUSINESS WIRE)-- KKR today announced the signing of a definitive agreement with Broadcom Inc. (NASDAQ: AVGO) to acquire its End-User Computing Division (the “EUC Division”) in a transaction valued at approximately $4 billion. Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital and a dedicated strategic.

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3 Reasons to Buy Nvidia Stock Like There's No Tomorrow

The Motley Fool

Any conversation about artificial intelligence (AI) would, of necessity, include Nvidia (NASDAQ: NVDA). The company pioneered the graphics processing units (GPUs) that underpin many of the world's most advanced AI models and continues to innovate at a breakneck pace. At the company's GPU Technology Conference (GTC), which kicked off on Sunday in San Jose, California, Nvidia unveiled several startling developments on Monday that suggest the AI revolution is only just beginning.

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KKR Appoints Ruchir Swarup as Chief Information Officer

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced the appointment of Ruchir Swarup as a Partner and Chief Information Officer, effective immediately. In this role, Mr. Swarup will be responsible for driving KKR’s technology strategy and vision. Based in New York, Mr. Swarup will lead the firm’s efforts to embrace new technologies and scale existing technology to create efficiencies and reduce.

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4 Social Security Changes Retirees Need to Know About in 2024

The Motley Fool

Sometimes, even a program that's been around for decades, like Social Security, can change from one year to the next. And it's important to stay apprised of those changes, whether you're someone who's getting benefits or you're someone whose wages are being taxed to fund the program. With that in mind, here are a few major Social Security changes that have taken place this year. 1.

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HarbourView Equity Partners Secures Close to $500 Million in Debt Financing from KKR and Other Investors to Expand Music Investment Opportunities

KKR

NEWARK, N.J.--(BUSINESS WIRE)--HarbourView Equity Partners (HarbourView), an industry-leading alternative asset management company focused on investment opportunities in the sports, media and entertainment space, has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties.

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43.5% of Warren Buffett's $372 Billion Portfolio Is Invested in 2 "Magnificent Seven" Stocks

The Motley Fool

Warren Buffett is considered one of the best investors in history. Since 1965, he has steered the Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) investment company to a mind-boggling 4,384,748% increase in value. The benchmark S&P 500 index is up just 31,223% over the same period. Buffett's investing strategy is simple. He likes companies with steady growth, strong profitability, and high-performing management teams.

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KKR to invest in Encavis AG to accelerate the Company’s long-term growth

KKR

KKR announces the signing of an Investment Agreement with Encavis as part of a takeover offer. The Management Board and the Supervisory Board of Encavis are fully supportive of the strategic partnership and intend to recommend that all shareholders accept the offer.

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Forget Nvidia: 2 Artificial Intelligence (AI) Stocks to Buy Instead

The Motley Fool

When it comes to investing in artificial intelligence (AI), it may seem like Nvidia is the main focus of investors. The company has muscled its way into the "Magnificent Seven" as it claims between 80% and 95% of the AI chip market. However, Nvidia has also grown to a price-to-sales (P/S) ratio of 36, leading some to question whether that stock has become overvalued.

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KKR to support Ottobock with capital solution

KKR

London and Frankfurt, 15 March, 2024 – KKR, a leading global investment firm, announces today that a consortium of investors, co-led by KKR, has agreed to provide a €1.1 billion financing solution to support the future growth of Ottobock (the “Company”), a global market leader in prosthetics. The financing will also support existing majority shareholder Professor Hans Georg Näder and the Näder Family’s buy back of EQT’s shareholding in the business.

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Here Are the Only "Magnificent Seven" Stocks Billionaires Warren Buffett and David Tepper Both Own

The Motley Fool

Warren Buffett and David Tepper might not seem to have a lot in common -- aside from the fact that they're both wildly successful investors. Buffett is much more cautious by nature and usually shies away from tech stocks. Tepper is aggressive and invests heavily in the tech sector. But these billionaires share at least a few common denominators. Here are the only " Magnificent Seven " stocks that both Buffett and Tepper own.

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KKR Invests in Avantus to Support Renewable Energy Deployment in the United States

KKR

Transaction Marks First U.S. Investment from KKR’s Global Climate Strategy NEW YORK--(BUSINESS WIRE)-- Today, KKR, a leading global investment firm, announced the signing of a definitive agreement pursuant to which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S. developer of large utility-scale solar and solar-plus-storage projects.

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Artificial Intelligence (AI) in Healthcare: 2 Top Stock Picks

The Motley Fool

When you think of artificial intelligence (AI), you probably think of the technology companies creating the nuts and bolts that help AI come to life -- such as Nvidia 's chips or Super Micro Computer 's servers. We've already seen growth in these companies' earnings thanks to sales of their products to customers developing AI projects. They and some of their peers continue to make great investments because growth in the AI market looks like it's just getting started.

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KKR Announces Intra-Quarter Monetization Activity Update for the First Quarter

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced a monetization activity update for the period from January 1, 2024 to March 21, 2024. Based on information available to us as of today, with respect to the period through March 21, 2024, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $350 million.

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Should You Buy Palantir Stock While It's Below $30 per Share?

The Motley Fool

Palantir (NYSE: PLTR) stock has become one of the darlings of the artificial intelligence (AI) industry. The company has long used AI to power its Gotham and Foundry platforms. However, the launch of a new platform has AI investors looking at Palantir in a new light. Still, the stock's gains have paused since early February, when it was at the mid-$20s per share level.

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