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In case you had forgotten that the stock market still belonged to Nvidia (NASDAQ: NVDA) , its CEO, Jensen Huang, reminded investors in a CNBC interview last week. Demand for Nvidia's new Blackwell chip is "insane," he said, adding, "It [Blackwell] gives us an opportunity to triple down, to really drive the innovation cycle so that we can increase capabilities, increase our throughput, decrease our costs, decrease our energy consumption.
Each year the Bureau of Labor Statistics (BLS) updates consumer expenditure data on how Americans collectively spend and earn their money. These numbers are averages so your personal household budget probably looks different in some ways. Your circumstances — where you live, your standard of living, how much you make, family situation, etc. — often dictate how you spend.
There are currently over 85,400 Bitcoin (CRYPTO: BTC) millionaires in the world, according to the latest Crypto Wealth Report from Henley & Partners. That's far more than for any other cryptocurrency and tells you all that you need to know about Bitcoin's performance over the past decade. In seven of the past 10 years, Bitcoin has been the top-performing asset in the world, and it hasn't even been close.
NewSpring Holdings has acquired C Speed , a provider of radar systems and engineering services for civilian and military applications. This is the fourth platform NewSpring Holdings has formed over the past fifteen months. C Speed specializes in designing, prototyping, and manufacturing radar systems, including radar receivers, exciters, and signal processors.
Apple (NASDAQ: AAPL) is the world's largest company, with a $3.37 trillion market cap. However, Nvidia (NASDAQ: NVDA) isn't far behind, in second place with a $3.13 trillion valuation. To overtake Apple as the world's largest company, Nvidia's stock needs to rise around 8% while Apple's stock stays flat. Is this feasible? After all, Apple's revenue over the last 12 months totals $385 billion, while Nvidia's is a comparatively smaller $96 billion.
Riverspan Partners has acquired POLARIS Laboratories , a provider of test and measurement services. POLARIS Laboratories provides advanced laboratory testing and AI-enabled analysis services for oils, fuels, coolants, and greases used in transportation, backup power, mining, industrial, oil and gas, and marine applications. Source: POLARIS Laboratories The company’s services assist companies with maintaining their equipment, preventing breakdowns, and reducing downtime through predictive mainten
Warren Buffett has never minded zigging when others are zagging. After all, this is the man who is famous for saying, "Be fearful when others are greedy and be greedy when others are fearful." It shouldn't be surprising that Buffett is zigging somewhat in 2024. The legendary investor and his team sold 11 stocks owned by Berkshire Hathaway in the second quarter.
Renovus Capital Partners has held an oversubscribed and above-target closing of its fourth private equity fund, Renovus Capital Partners IV Core Buyout LP and parallel vehicles (Fund IV), with $875 million of capital. Fund IV closed with commitments of $825 million from limited partners and the US Small Business Administration and $50 million from the general partner.
Renovus Capital Partners has held an oversubscribed and above-target closing of its fourth private equity fund, Renovus Capital Partners IV Core Buyout LP and parallel vehicles (Fund IV), with $875 million of capital. Fund IV closed with commitments of $825 million from limited partners and the US Small Business Administration and $50 million from the general partner.
AMD (NASDAQ: AMD) is working diligently to capture a lucrative artificial intelligence market share. *Stock prices used were the afternoon prices of Oct. 4, 2024. The video was published on Oct. 6, 2024. Should you invest $1,000 in Advanced Micro Devices right now? Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Advanced Micro Devices wasn’t one of them
Shore Capital Partners has closed its inaugural Healthcare Advantage Fund , second Business Services Partners Fund (“Business Services Fund II”), and first Shore Search Partners Fund (“Search Fund”). The three new funds exceeded their targets and represent over $1.9 billion in combined capital commitments. Commitments for Shore’s three new funds came from the firm’s existing investors and select new limited partners, which include university endowments, financial institutions, pension funds, ins
Artificial intelligence (AI) has been a red-hot investment theme for nearly two years, and Nvidia has been one of the most popular ways to play that theme. But the billionaire hedge fund managers below sold shares of Nvidia during the second quarter, and shifted capital toward two other AI stocks, Amazon (NASDAQ: AMZN) and Taiwan Semiconductor (NYSE: TSM).
Over 51 million retirees receive Social Security. The popular federal program provides monthly benefits to nearly nine out of every 10 Americans age 65 or older. And this week is a big one for every single one of them. Social Security's 2025 cost-of-living adjustment (COLA) is only two days away. If you're one of those 51 million-plus retirees, here's what your increase will probably be.
Social Security is an important piece of many seniors' retirement budgets. Six in 10 retirees said their monthly checks are a major source of income in the most recent edition of an annual Gallup poll. In recent years, however, Social Security retirees have had to withstand some of the highest inflation rates we've seen in over 40 years. Prices for housing and healthcare, two areas where seniors spend a lot, have been especially impacted in recent years.
By Caroline A. Banks, FPFS Worldwide, we face a dreadful undercoverage of insurance. Too many financial advisors have become simply wealth managers, not realizing that insurance is the foundation of a financial plan. It’s crucial we make sure that this foundation is strong enough to support clients financially, no matter what happens. My own company received a critical illness payout when my husband, who was both the finance and IT director, was ill.
I own many investments that generate passive income. I currently get the most income from Energy Transfer (NYSE: ET). That's due to my growing position and the master limited partnership's (MLP) high-yielding and steadily rising distribution. I'm very comfortable with my outsized investment in the high-yielding MLP. Here's why. Building a top income-producing position I've had an interesting history with Energy Transfer.
This content originally appeared on BW Healthcare. While the introduction of new technologies has helped drive the evolution of healthcare, few have sparked as big of a transformation in recent years as AI. In the early days, AI in healthcare was often limited to basic data analysis and simple decision support systems. Today, it’s a sophisticated field that’s revolutionizing everything from drug discovery to patient care.
One of the most important decisions you'll make in retirement planning is when to claim Social Security. Many retirees wait to claim benefits until reaching their full retirement age , which is when they're entitled to receive their full insurance amount each month. It also comes with a few other benefits, such as the ability to keep working without impacting the size of your monthly check.
Welcome to the latest issue of The Winning LOI, the Axial newsletter that anonymously reveals small business M&A valuation data and certain key deal terms associated with winning LOIs. To subscribe to The Winning LOI, please enter your email below. In this issue, we feature a manufacturing deal within the Consumer Goods sector. The company reported a revenue range of $3M – $4M and an EBITDA range of $1M – $2M when the deal confidentially went to market in Q2 2023.
Meta Platforms hit a new intraday high on Oct. 4. Investments in artificial intelligence (AI) are paying off for its core advertising business, and its augmented and virtual reality projects could have potential to contribute earnings growth down the road. Meta is now the hottest stock in the "Magnificent Seven" -- a group of the largest tech-focused companies.
The $57.8bn-managing New Mexico State Investment Council has reportedly pickout of American Securities for the majority of its latest tranche of alternatives commitments. The post American Securities picks up lion’s share of latest New Mexico SIC alternatives commitments appeared first on AltAssets Private Equity News.
Image source: Upsplash/The Motley Fool The downside of opening a new credit card is that if you don't manage your balance carefully, you could end up paying a lot of money in interest. That's what credit card companies want you to do, which is why having too many credit cards can be dangerous. But if you do a good job of paying off balances and keeping your debt to a minimum, then there's a big benefit to opening a new credit card.
Butterfly Equity (Butterfly), a Los Angeles-based private equity firm specialiSing in the food and beverage sector, is to acquire The Duckhorn Portfolio, a North American high-end wine company in an all-cash transaction that values the business at approximately $1.95bn. Under the terms of the Agreement, Duckhorn stockholders will receive $11.10 per share in cash, representing a premium of approximately 65.3% to the volume weighted average share price of Duckhorn’s common stock over the 90-day tr
Image source: The Motley Fool/Upsplash It's not exactly a secret that tax returns are due every year on April 15. But sometimes, a situation arises where you need more time to file your return. Perhaps you waited a bit too long to find an accountant and couldn't get one by mid-April to complete your return. Or maybe you had a personal situation you were distracted by.
International PE firm Cinven has appointed Dr Michael Weber as Partner with effect from 1 October 2024 to focus on mid-market investments in the DACH region in sectors including technology, tech-enabled services and financial services. Weber joined Cinven from European mid-market firm, Riverside, where he was a Senior Partner and member of the Investment Committee for the Riverside Europe Fund.
Image source: Getty Images Ah, your 20s. The decade of finding your first real job, possibly moving out of your childhood bedroom (finally), and, oh yeah, figuring out this whole " retirement savings " thing. According to Western & Southern Financial Group, the average person under 25 has just $6,264 in retirement savings. Is it enough? Spoiler alert: not really.
Lower mid-market investor Shore Capital Partners has raised more than $1.9bn across a trio of new funds. The post Shore extends lower mid-market investment capabilities with $1.9bn trio of new fund closes appeared first on AltAssets Private Equity News.
The popularity of GLP-1 weight loss drugs has soared, which had created a shortage among many of the drugs, including Eli Lilly 's (NYSE: LLY) popular Mounjaro and Zepbound. However, the U.S. Food and Drug Administration (FDA) recently removed both drugs from its shortage list, indicating that supply can now keep up with current demand. The drugs' removal from the shortage list is a positive for Eli Lilly in a couple of ways and could help the stock continue its strong run.
Africa-focused private equity house Adenia Partners has expanded its presence in the north of the continent by opening its first Egypt-based office. The post Africa’s Adenia Partners continues continental expansion with Egypt office launch, Heba Hakky hire appeared first on AltAssets Private Equity News.
Rocket Lab (NASDAQ: RKLB) keeps raking in contracts. Yesterday, the company announced that NASA has hired it to propose a solution to the space agency's troubled Mars Sample Return (MSR) project -- ideally, one that will cost less than $11 billion and take less than 16 years to complete. That's the good news. The bad news came a few hours later: Rocket Lab just announced it will report Q3 financial results on Nov. 12, and its stock fell 2.9% through 3:25 p.m.
Alternative real assets investor Harrison Street has raised about $2.5bn for its ninth opportunistic real estate fund. The post Harrison Street hails “investor rotation” from trad RE to alts as its closes new fund on almost $2.5bn appeared first on AltAssets Private Equity News.
I've written often about Rivian Automotive (NASDAQ: RIVN) in recent months. For investors who are hoping to pick the electric vehicle (EV) maker that could be the next Tesla , Rivian looks like the best bet. Based on the numbers, it's not hard to come up with scenarios where its shares soar by several times in value over the next few years. But if you want to profit from Rivian stock, you would be smart to follow this time-tested investing strategy: patience. 3 Reasons I love this EV stock The m
Image source: Getty Images Costco's Kirkland Signature brand has hundreds of products, so it's probably a big ask to try them all. But it's worth trying what makes sense, since relying on Kirkland Signature is a big part of how members save money at Costco. This time of year brings seasonal changes to the weather as well as arguably the second-most popular holiday of the year.
BNP Paribas Asset Management has hit a €90m first close for its new European Special Opportunities Debt Fund. The post BNP Paribas asset management arm hits first close for new European special situations debt fund of funds appeared first on AltAssets Private Equity News.
The Social Security program undergoes several changes each year to ensure benefits keep pace with rising prices and wages. The most anticipated of those changes is the cost-of-living adjustment (COLA), which essentially reimburses retired workers for the previous year's inflation. The Social Security Administration will announce the official COLA for 2025 on Thursday, Oct. 10 , shortly after the Labor Department releases Consumer Price Index data for the month of September.
Nuveen Private Capital, the $74bn private credit platform and one of the world’s largest private credit managers, has continued the expansion of its pan-European coverage team with the appointment of Ralph Hora as Partner and Head of DACH, Business Development. According to a press statement, Hora will focus on building and strengthening Nuveen Private Capital’s coverage and private credit solutions across Germany, Austria and Switzerland, and will be based Frankfurt.
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