This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The field of artificial intelligence is still in its early years, yet several businesses are already working on technology that can become the foundation for AI's future. These companies are developing quantum computing systems capable of processing mountains of data in seconds, which would take decades for a conventional computer. Quantum machines can execute multiple computations simultaneously, accelerating processing time, while typical computers must process data in a linear fashion.
Four charts about the economy you might find surprising: 1. Wages are cumulative too. The Congressional Budget Office released new research comparing inflation on a basket of goods and services households at different income levels consume between now and 2019 along with changes in wages. Here’s the chart: And the explanation: For households in every quintile (or fifth) of the income distribution, the share of inc.
It's no secret that Social Security is struggling, and many Americans are worried about its future. A whopping 87% of U.S. adults say they're concerned about Social Security, according to a 2024 poll from Gallup, with 43% of that group saying they worry "a great deal" about the program. Furthermore, 47% of non-retired adults say they don't believe Social Security will be able to pay them a benefit once they retire.
Johnson & Johnson (NYSE: JNJ) entered into a definitive agreement to acquire Proteologix, Inc., a Redwood City, California-based biotechnology company focused on bispecific antibodies for immune-mediated diseases, for $850M in cash, with potential for an additional milestone payment. The transaction is expected to close mid-year 2024, subject to antitrust clearance and other customary closing conditions. […] The post Johnson & Johnson to Acquire Proteologix appeared first on FinSM
For most retirees, Social Security plays an important role in building their financial foundation. An analysis from the Center on Budget and Policy Priorities finds that Social Security payouts have reduced the poverty rate for adults aged 65 and above to 10.2% from an estimated 38.7% if the program didn't exist. Additionally, more than two decades of annual surveys from pollster Gallup have shown that as much as 90% of then-current retirees require their monthly Social Security check to cover a
British American Tobacco (NYSE: BTI) reached a key goal in 2023 and it did it two years ahead of schedule. That's a good outcome for a company that is facing an existential crisis. As you watch this global cigarette maker, you need to keep in mind both the progress it is making in other areas of the company and the goals it has set for itself. British American Tobacco's big problem There's no question that British American Tobacco is facing tough times.
Nvidia (NASDAQ: NVDA) never is short on big news. Most recently, the company wowed investors with details of its new Blackwell architecture and said the launch will happen later this year. And prior to this, Nvidia said it aimed to start shipping its H200 graphics processing unit (GPU) -- which doubles the performance of its current chip -- in the second quarter of the year.
By Antoinette Tuscano, MDRT Senior Content Specialist Whenever an MDRT member or MDRT meeting speaker offers ideas for others to use to make their lives and their businesses even a little better, they become part of the building blocks of a thriving MDRT. Below is a small sample of some of those ideas that appeared in Round the Table magazine in 2023, and for a limited time, we’re offering all the 2023 ideas in a special edition PDF to current MDRT Blog subscribers as well as those members who s
Chipotle Mexican Grill (NYSE: CMG) made headlines a couple of months ago that investors appear to be cheering for these days. Since the announcement of a 50-for-1 stock split in March, shares have climbed about 14%. Investors probably view this as a key catalyst that could send shares of this restaurant enterprise to new heights -- and it might present a potential buying window.
Daffodil Health, a San Francisco, CA-based provider of healthcare pricing and administration AI-powered solutions, raised $4.6M in Seed funding. The round led by Maverick Ventures, with participation from Epic Ventures. The company intends to use the funds to expand operations and development efforts. Led by CEO Navin Nagiah, Daffodil Health provides a a SaaS healthcare […] The post Daffodil Health Raises $4.6M in Seed Funding appeared first on FinSMEs.
A growing number of crypto investors now think that Bitcoin (CRYPTO: BTC) could hit a price of $1 million within the next few years. In addition to Cathie Wood of Ark Invest, who famously predicted a $1 million price in 2022, there's now Jack Dorsey, co-founder and former CEO of Twitter. In a recent interview, Dorsey suggested that Bitcoin is going to "at least a million" by 2030.
Spiritus, a Los Alamos, NM-based climate tech company providing solutions for scalable direct-air-capture (DAC) of carbon removal, entered into a memorandum of understanding (MoU) with Aramco ands received an investment from Aramco Ventures. The amount of the deal was not disclosed. The company intends to use the funds to expand operations and its development efforts. […] The post Spiritus Receives Investment from Aramco Ventures appeared first on FinSMEs.
Can you become a millionaire by investing in Energy Transfer (NYSE: ET) stock? Absolutely. Over the long term, shares have proven a terrific investment. And given the company's unique asset base, there's a good chance this performance will be repeated in the years to come. There's only one catch: If you don't invest in this stock in a certain way, you may forfeit your chance of reaching the $1 million mark. 1 way Energy Transfer stock can make you a millionaire Since 2006, Energy Transfer's stoc
CoreWeave, a Roseland, NJ-based provider of customized solutions for workloads, received $7.5 Billion in debt financing. The debt financing facility was led by funds managed by Blackstone, with strategic participation from Magnetar (Co-Lead Investor) and Coatue. Participation in the financing also included Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and […] The post CoreWeave Receives $7.5 Billion in Debt Financing appeared first on Fi
Retirement is incredibly expensive, and it's more important than ever to have a healthy nest egg heading into your senior years. The average U.S. adult predicts that a comfortable retirement will cost roughly $1.8 million, a 2023 survey from Charles Schwab found. Healthcare alone costs the average 65-year-old couple around $315,000 in total out-of-pocket expenses, according to a 2023 report from Fidelity Investments, and these figures may only increase going forward.
Blackstone entered into a definitive agreement to acquire a majority stake in Priority Software, a Tel Aviv, Israel-based provider of mission-critical business software. The amount of the deal was not disclosed. Blackstone’s investment will help build on the company’s position at the forefront of the ERP software market and support its further growth across industries […] The post Blackstone to Acquire Majority Stake in Priority Software appeared first on FinSMEs.
Investing isn't a one-size-fits-all situation, which is why there are so many different investment approaches you can follow. And yet the common reference point for most investors is the S&P 500 (SNPINDEX: ^GSPC) index. Here's one big problem for a retired investor in need of income who just defaults to the S&P 500: The index's dividend yield is a scant 1.3% today.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Heritage Capital makes final investment for maiden private equity fund first appeared on Africa Capital Digest.
Artificial intelligence (AI) has created a lot of buzz since early last year. Even as the technology has been around since the 1950s, recent developments show that these algorithms have improved by an order of magnitude. Generative AI has shown its mettle for a wide and growing variety of tasks, including streamlining processes, creating original content, and increasing productivity, with a flood of new applications on the drawing board.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Mobola da-Silva promoted to Partner at Capria first appeared on Africa Capital Digest.
Home Depot (NYSE: HD) investors might be pinching themselves right about now. Their stock has kept up with the rally in the S&P 500 over the past 12 months, allowing the home improvement giant to stand out from many of its struggling peers. It's not just the wider retailing industry that's under pressure, either. There's less demand for home improvement projects in the wake of the pandemic, and rising interest rates have pinched home sales as well.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post ALCB Fund launches European Medium Term Note program first appeared on Africa Capital Digest.
One of the biggest barometers of the artificial intelligence (AI) revolution is Microsoft (NASDAQ: MSFT). The Windows developer kicked off AI mania following a sizable investment in OpenAI in January 2023. OpenAI is the maker of ChatGPT , a popular large language model (LLM) capable of writing essays, producing software code, and even generating images based on text prompts.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Singaporean venture firm launches maiden MENA fund first appeared on Africa Capital Digest.
Are you famous enough for picking great stocks to become a billionaire money manager? If not, then there's a lot you could learn from the handful of folks who have. It's easier than ever for individuals to invest alongside the professionals. The U.S. Securities and Exchange Commission makes anyone with more than $100 million under management report their activity to the public every three months.
To read this article, you must be a paid subscription member. (Current members login here) [.] The post Old Mutual PE sells control of Chill Beverages in secondary deal first appeared on Africa Capital Digest.
Investors could do worse than investing in the so-called " Magnificent Seven " stocks. The collective gained 111%, on average, in 2023, thrashing the 24% gains of the S&P 500. The group has continued its winning ways, rising 22% on average so far this year, nearly double the 11% increase of the S&P 500 (as of this writing). The common thread that unites these tech bellwethers is that they each have artificial intelligence (AI) in their DNA.
NEW YORK--(BUSINESS WIRE)-- SunFireMatrix, Inc. (“SunFire” or the “Company”), a leading software and tech-enabled services platform serving the insurance distribution and health plan markets, announced today that it has been acquired by funds managed by KKR, a leading global investment firm. Funds managed by Stone Point Capital LLC, the Company’s previous majority owner, will continue to be a.
Nvidia (NASDAQ: NVDA) has been the undisputed beneficiary of recent advances in artificial intelligence (AI). Since early last year, the adoption of AI has spread like wildfire, fueled by Nvidia's graphics processing units (GPUs). The company will face a key hurdle when it reports its first-quarter earnings after the market close on Wednesday, and Wall Street will be sitting on the edge of its seat to parse the results.
New York, NY, April 10, 2024 - Guesty, the leading property management software platform for the short-term rental (“STR”) and hospitality industry, today announced a $130M Series F funding round led by leading global investment firm KKR.
After gaining 239% in 2023 to become the best-performing component of the S&P 500 , Nvidia (NASDAQ: NVDA) has sustained its momentum so far this year. The stock has nearly doubled -- gaining over $1.1 trillion in market cap year to date -- and 2024 isn't even halfway over. At the end of 2022, Nvidia was worth $359 billion. And suddenly, less than a year and a half later, it could be worth $3 trillion, surpassing Microsoft and Apple in market cap.
NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the first quarter 2024 on Wednesday, May 1, 2024, before the opening of trading on the New York Stock Exchange. A conference call to discuss KKR’s financial results will be held on Wednesday, May 1, 2024 at 10:00 a.m. ET. The conference call may be accessed by dialing (877).
Accumulating wealth and growing your portfolio's value over the years isn't difficult. The biggest obstacle in investing is often the desire to try to beat the markets and score a big return in a short time period. This is why meme stocks are so popular, as the focus is often on doubling or tripling your money quickly. The strategy, however, potentially comes at a steep price, as it adds significant risk for investors.
STOCKHOLM & LONDON--(BUSINESS WIRE)-- Investment funds managed by KKR, a leading global investment firm, have agreed to acquire Immedica Pharma, a pharmaceutical company headquartered in Stockholm, Sweden, focused on the commercialization of medicines for rare diseases and specialty care products. Existing owner, Nordic healthcare investment firm Impilo, will reinvest to become an equal owner.
C3.ai (NYSE: AI) was a fairly popular artificial intelligence (AI) stock back in 2023 when the AI investment wave began. The two letters in the company's name and ticker symbol prominently tell any investor or client what it specializes in. As a result of the AI investment wave, many people have piled into C3.ai's stock, although the popularity has waned (which is evidenced by its declining trade volume).
24 April 2024 – Elbe BidCo AG (the “Bidder”), a holding company controlled by investment funds, vehicles and accounts advised and managed by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (collectively, “KKR”), today published the offer document for its voluntary public takeover offer (the “Takeover Offer”) for the shares (ISIN: DE0006095003) of ENCAVIS AG (“Encavis”) following the approval by the German Federal Financial Supervisory Authority (“BaFin”).
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content