The Motley Fool
JULY 2, 2024
Most people would like to be a millionaire. But what is the best way to get your hands on a million bucks? In my opinion, the answer is simple: investing. One of the best ways to invest -- and almost certainly the easiest -- is with an exchange-traded fund (ETF). Let's examine one of my favorites, the Vanguard Growth ETF (NYSEMKT: VUG). Image source: Getty Images.
Private Equity Professional
JULY 2, 2024
The Cook & Boardman Group , a portfolio company of Platinum Equity , has acquired OKEE Industries. West Hartford, Connecticut-headquartered OKEE is a distributor of architectural hardware, hollow metal doors and frames, and wood doors serving customers in Connecticut, Pennsylvania, New Jersey, Delaware, Maryland and Massachusetts. Founded in 1947, OKEE has acquired three operating subsidiaries over the years: Pennsylvania-based Construction Hardware in 1965, Massachusetts-based Hardware Spec
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The Motley Fool
JULY 2, 2024
Shares of electric and hydrogen-fueled truck maker Nikola (NASDAQ: NKLA) rallied over 26% at one point today, before settling into a 16% gain as of 1:13 p.m. ET. The rally was fueled by the company's disclosure of hydrogen truck deliveries for the second quarter, which greatly exceeded expectations. With Nikola's past problems and loss-making financials having beaten the stock down to very low levels, it's no wonder the good news sparked a reversal. 72 hydrogen deliveries In the second quarter,
Private Equity Professional
JULY 2, 2024
Stellex Capital Management has sold Continental Global Material Handling (CGMH) to Precision Pulley & Idler. CGMH is a designer and manufacturer of material handling conveyor systems and components used in a variety of industrial end markets including metals and mining, industrial processing, and aggregates, with specific systems in use in the copper, steel, coal, potash, and salt industries.
The Motley Fool
JULY 2, 2024
Share prices of the electric automaker Rivian Automotive (NASDAQ: RIVN) were rising Tuesday after the company released second-quarter delivery numbers that were better than expected. The good news comes on the heels of a new joint venture with Volkswagen that's worth up to $5 billion for Rivian. Rivian's stock price was up by as much as 6.5% Tuesday and was trading 4.2% higher as of noon EDT.
Private Equity Professional
JULY 2, 2024
Stellex Capital Management has acquired family-owned baked goods maker J. Skinner Baking. Skinner is a provider of ready-to-eat baked goods through grocery in-store bakeries (ISB), foodservice providers, and co-pack partnerships. The company’s products – including danishes, muffins, cinnamon rolls, brownies, and bars – are sold in over 30,000 retail locations across all 50 states.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
FinSMEs
JULY 2, 2024
Uncaged Innovations, a NYC-based biomaterial company creating sustainable leather from grains at scale, raised $5.6M in Seed funding. The round was co-led by Green Circle Foodtech Ventures and Fall Line Capital, with participation from Ponderosa Ventures, Golden Seeds and existing investor InMotion Ventures, the investment arm of JLR (Jaguar Land Rover).
The Motley Fool
JULY 2, 2024
Now that we're officially halfway through 2024, it's time to reflect on where the stock market has been. Although no one knows what the market will do in the short term, we can try to filter out the noise and be aware of what's driving broader themes. A good place to start is by looking at sector performance. There are 11 sectors in the S&P 500.
FinSMEs
JULY 2, 2024
Champaign, Illinois, United States, 2nd July 2024, Chainwire The post Pi Squared Raises $12.5 Million in Seed Funding Led by Polychain Capital to Build a Universal ZK Circuit Powered by Proof of Proof appeared first on FinSMEs.
The Motley Fool
JULY 2, 2024
U.S. wireless carrier AT&T (NYSE: T) is a polarizing stock among investors. Shares are down nearly 30% in price over the past decade, which is a tough pill to swallow. However, include AT&T's famous high-yielding dividend and shares generated a 50% positive return. Indeed, dividends can have a powerful impact on investment returns. Moreso than returns, retirees depend on dividends for the passive income they offer, which can help pay living expenses.
FinSMEs
JULY 2, 2024
Rejuvenate Bio, a San Diego, CA-based biotechnology company dedicated to developing novel gene therapies for chronic age-related diseases, received $4M in grant from California Institute for Regenerative Medicine (CIRM). The company intends to use the funds to complete its IND-enabling activities for the development of RJB-0402 for the treatment of desmoplakin gene variant arrhythmogenic cardiomyopathy […] The post Rejuvenate Bio Receives $4M in Funding appeared first on FinSMEs.
The Motley Fool
JULY 2, 2024
Most older adults will rely on Social Security to some degree in retirement. A whopping 88% of current retirees depend on their benefits, according to a 2024 poll from Gallup, with 60% of that group saying Social Security is a major income source. Some retirees even rely on their benefits as their only source of income. Even if you have a robust nest egg, if you end up living a long lifespan, there's a chance your savings will run out eventually.
FinSMEs
JULY 2, 2024
Redactive AI, a Melbourne, Australia-based provider of a developer platform that solves for the missing AI engineering and security skill sets lacking within enterprise software teams, raised $7.5M USD in Seed funding. The round was led by Felicis and Blackbird, alongside Atlassian Ventures and automation unicorn Zapier. The company intends to use the funds to […] The post Redactive AI Raises $7.5M USD in Seed Funding appeared first on FinSMEs.
The Motley Fool
JULY 2, 2024
In the roughly 24-month period leading up to their all-time high in December 2014, shares of Spirit Airlines (NYSE: SAVE) skyrocketed 400%. But it's been a turbulent journey since then, with the stock plunging 96% from that peak price. Even this year, the airline stock is down a gut-wrenching 78%. That's truly disappointing considering that the broader market is in record territory.
AltAssets
JULY 2, 2024
Ardian has agreed to buy a majority stake in DIAM, a specialist in the visual merchandising and shopfitting markets for the beauty and luxury sectors, alongside BNP Paribas Développement. Ardian previously invested in DIAM between 2016 and 2018. The company has continued to grow, and last year its sales exceeded €400m. Arnaud Difer, head of […] The post Deal Roundup: Ardian buys back into DIAM, Astorg ups Acturis stake to 52% first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 2, 2024
Six American companies have a valuation of at least $1 trillion, and all of them operate in the technology industry. So far, five of them have graduated into the $2 trillion club or higher: Microsoft is valued at $3.3 trillion. Apple is valued at $3.2 trillion. Nvidia is valued at $3 trillion. Alphabet is valued at $2.3 trillion. Amazon (NASDAQ: AMZN) is valued at $2 trillion.
AltAssets
JULY 2, 2024
American Discovery Capital has hit a $190 million final close for its sophomore fund, more than triple the total it collected for its 2019 debut vehicle. The post Merchant bank American Discovery Capital seals big fund size jump with $190m Fund II first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 2, 2024
Most investors would be happy with a stock that doubled in five years. They'd likely be ecstatic about a stock that tripled during the same period. Nvidia (NASDAQ: NVDA) has skyrocketed more than 30x over the last five years. I'm unsure what emotion adequately describes how investors feel about this phenomenal return. Some expected Nvidia's remarkable momentum to accelerate after the company's 10-for-1 stock split conducted following the market close on June 7.
Private Equity Wire
JULY 2, 2024
Nordics and Germany-based growth equity fund Nordic Alpha Partners has closed Fund II with €266m in commitments from Dutch bank ABN Amro, asset manager Unigestion, Danish holding company Novo Holdings and members of the Danish shipping family Maersk. Other investors include Allianz GI , European Investment Fund, G erman state fund KfW Capital and Copenhagen Infrastructure Partners.
The Motley Fool
JULY 2, 2024
Accumulating $1 million in an individual retirement account (IRA) might seem unlikely, given the annual contribution limits. The limit has just increased to $7,000 for those under 50, up from $6,500 in 2023. However, according to Fidelity's analysis of IRA balances at the end of 2023, over 400,000 account owners have achieved this milestone. These IRA millionaires didn't reach the million-dollar mark by luck.
Private Equity Wire
JULY 2, 2024
European mid-market private equity firm Inflexion is to sell its investment in ITM, a data services and technology provider for the pensions market, to Lumera, a Sweden-based, private equity-backed insuretech company. According to a press statement, Inflexion supported ITM to complete three acquisitions and launch new services and software products, while the firm’s local expert supported the expansion of ITM’s back office operations into India.
The Motley Fool
JULY 2, 2024
Over the last year, increased interest in artificial intelligence (AI) has spotlighted several tech stocks that could enjoy major gains as the industry develops. Chipmaker Advanced Micro Devices (NASDAQ: AMD) has seen its stock soar 150% since the start of 2023, driven primarily by investors' excitement over AI. AMD's second-largest market share in graphics processing units (GPUs) has made Wall Street bullish as similar offerings from Nvidia have flown off the shelves amid the increased demand f
Private Equity Wire
JULY 2, 2024
Marathon Asset Management, a global credit manager with $23bn in AUM, and Webster Financial Corporation, the holding company for $76bn commercial bank Webster Bank, are to launch a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies. According to a press statement, “the partnership combines each firm’s credit expertise, private equity sponsor relationships and standing in the middle market with Marathon’s 26-plus years of expe
The Motley Fool
JULY 2, 2024
Whirlpool (NYSE: WHR) stock rose 17% on the day news broke that Bosch is interested in acquiring the company. Although both companies have declined to comment, a deal would make sense for both parties. Here's why. Whirlpool receives interest According to Reuters, diversified industrial company Bosch is looking at buying Whirlpool to bolster its household appliances business, BSH Hausgerate.
AltAssets
JULY 2, 2024
New Mountain Capital has raised one of the biggest private equity funds of the year to date, hauling in $15.4bn for the final close of its seventh flagship investment vehicle. The post New Mountain Capital soars past target to reach $15.4bn Fund VII final close first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 2, 2024
The average investor can learn a lot by following some of the professionals in the industry. Take Bill Ackman , whose strategy -- probably influenced by the great Warren Buffett -- focuses on making concentrated bets in high-quality businesses trading at compelling valuations. Ackman's hedge fund firm , called Pershing Square Capital Management, currently manages $10.8 billion in assets.
Million Dollar Round Table (MDRT)
JULY 2, 2024
By Bryce Sanders It has been said public speaking is the future of prospecting. If you stand up in a room of 50-plus people and make a good impression, logically you should gain a client or two plus several prospects. If you’d like to try it out, here are a few ideas to get you started and some places to speak that you — and other financial advisors — may not have thought of.
The Motley Fool
JULY 2, 2024
The last month has been a doozy for Rocket Lab (NASDAQ: RKLB). After hitting a major milestone of 50 successful launches with the Electron rocket, the company is firing on all cylinders and signing major deals with other space economy players. Building a private rocket company is close to impossible, and Rocket Lab is now the second player to consistently deliver launches for customers, along with SpaceX.
Private Equity Wire
JULY 2, 2024
New York-headquartered alternative investment firm New Mountain Capital has held the final close of its seventh control-oriented fund, New Mountain Partners VII, with $15.4bn in capital commitments. New Mountain describes itself as “a business that builds businesses,” and says it has generated over $85bn of enterprise value gains in its private equity companies since its inception, without one PE bankruptcy or missed interest payment.
The Motley Fool
JULY 2, 2024
If you're trying to build generational wealth, you shouldn't think about getting rich quick. It's all about creating a portfolio of companies that are built to last. On that score, you should keep old favorite Coca-Cola (NYSE: KO) and relatively young Chipotle Mexican Grill (NYSE: CMG) on your wish list, while Hormel Foods (NYSE: HRL) might be worth adding to your portfolio right now.
AltAssets
JULY 2, 2024
Tech investor Industry Ventures has raised more than $900m for the final close of its latest hybrid seed and early-stage fund, boosting its total capital under management past $8bn. The post Industry Ventures boosts capital under management to over $8bn with new hybrid fund close first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 2, 2024
A wide range of companies have announced stock splits this year after their share prices soared. When these events take place, companies issue additional shares to current stockholders, which lowers the price of each individual share proportionally. The goal is to make it easier for a wider range of investors to buy that particular stock. Broadcom (NASDAQ: AVGO) has scheduled its 10-for-1 stock split for after the close of trading on July 12; shares will begin trading on a split-adjusted basis a
Private Equity Wire
JULY 2, 2024
Main Capital Partners has made its first Belgian platform investment with the acquisition of a majority stake in RiskConcile, a Belgian software provider of regulatory and risk solutions for the financial industry. The current management team of RiskConcile will retain a significant minority stake and stay closely involved post-closing. The deal is the firm’s fourth Belgian acquisition overall since it opened its office in Antwerp in September 2022.
The Motley Fool
JULY 2, 2024
It's a good idea to try to figure out when you'll claim Social Security well ahead of retirement. That way, you can get an estimate of your monthly benefit based on your filing age. And from there, you can do some number crunching to make sure you're making a smart decision. Now there's a pretty wide range of Social Security filing ages you can choose from, the earliest of which is 62.
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