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.
A Wealth of Common Sense
JULY 2, 2024
Halfway through the year, the S&P 500 was up 15.3%, including dividends. Despite these impressive gains the bull market has been relatively boring this year. There have been just 14 trading days with gains of 1% or more. There has been just a single 2% up day in 2024. And there have only been 7 days of down 1% or worse. Small moves in both directions.
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The Motley Fool
JULY 2, 2024
As of 2024, the maximum Social Security benefit any retired worker can get based on the current formula is $4,873 per month. This translates to about $58,500 per year in inflation-protected retirement income. However, actually getting the maximum possible benefit requires a very specific and rare combination of factors. Here are the three things you would need to do in order to claim a $4,873 monthly Social Security benefit, and why most people don't.
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
The Motley Fool
JULY 2, 2024
The first half of 2024 is officially in the books, and the bulls remain in firm control on Wall Street. Since this year began, the iconic Dow Jones Industrial Average , benchmark S&P 500 , and widely followed Nasdaq Composite have all leaped to fresh, all-time highs. While specific trends have been singled out as clear-cut catalysts for this bull market rally, including the rise of artificial intelligence (AI) and companies enacting stock splits , the prevailing theme has been investors' wil
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.
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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.
The Motley Fool
JULY 2, 2024
Everyone should be looking beyond Social Security to fund their retirement. Consistently contributing even just a modest amount of money to an IRA, for instance, can result in a surprisingly big nest egg later in life. Even the Social Security Administration says its program was never intended to be anyone's sole source of retirement income. However, a handful of people are collecting surprisingly big Social Security checks of $4,873 every month.
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
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
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
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
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
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.
Financial Times: Moral Money
JULY 2, 2024
World’s biggest asset manager attempts to balance the demands of European and US clients on decarbonisation
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.
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
Earning passive income can put you on the path to financial freedom. Over time, it could grow to cover your expenses. Investing in real estate is one of the many ways to start generating passive income. There are lots of options within that sector. The easiest for beginners is to invest in real estate investment trusts ( REITs ). Most REITs pay higher-yielding dividends that steadily rise over time, making them ideal passive income investments.
Financial Times M&A
JULY 2, 2024
Deal could value group owned by Graphite Capital at around £100mn as it seeks to expand outside UK
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.
Financial Times M&A
JULY 2, 2024
New deal is not certain and shareholders in Hollywood group have 45-day ‘go shop’ right to seek better terms
The Motley Fool
JULY 2, 2024
Image source: Upsplash/The Motley Fool Before we start, let's get one thing straight: There's no single "best" investment out there. If you're looking for ways to manage your money, you'll likely want a mix of different vehicles, with the specifics depending on where you're at in life. But if you want a magic bullet for your finances, I'm sorry to tell you it doesn't exist.
Financial Times M&A
JULY 2, 2024
Plus, western banks’ Chinese expansion plans fall off a cliff and a UK fund’s thorny history in Russia
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.
Financial Times M&A
JULY 2, 2024
Chair of group set up to manage music rights will exit when $1.
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
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
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.
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
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.
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
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.
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
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.
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