The Motley Fool
OCTOBER 16, 2024
Alok Sama is the former president and CFO of SoftBank Group International and the author of the new book The Money Trap: Lost Illusions Inside the Tech Bubble. In this podcast, Motley Fool host Ricky Mulvey caught up with Sama to discuss: OpenAI's latest fundraising round. "Happiness for everyone" as an investment philosophy. The illusion -- and reality -- of power.
Private Equity Professional
OCTOBER 16, 2024
Greenbriar Equity Group has completed the sale of STS Aviation Group to H.I.G. Capital. STS Aviation Group provides nose-to-tail maintenance, repair, and overhaul (MRO) services, aircraft base and line maintenance, aircraft parts sales and distribution, aircraft repairs and modifications, aerospace engineering services, and workforce and staffing management.
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The Motley Fool
OCTOBER 16, 2024
In this podcast, Motley Fool analyst Bill Mann and host Dylan Lewis discuss: SpaceX successfully recovering rocket boosters; the company's engineering prowess and $200 billion valuation. Officials in China signaling more stimulus is on the way, but why investors really shouldn't get too excited. A game designed to show just how hard the market makes it to peer into a crystal ball, and a surprising stat about the daily returns during a great decade for investors.
Private Equity Professional
OCTOBER 16, 2024
Precinmac , a manufacturer of high-complexity precision parts, has agreed to be acquired by Centerbridge Partners. Precinmac manufactures precision components and assemblies used in aerospace, defense, space, semiconductor, and industrial markets. The company’s capabilities include precision milling and turning, multi-axis machining, molding and grinding, close tolerance fabrication, and complex geometries.
The Motley Fool
OCTOBER 16, 2024
An analyst recommendation upgrade was the news propelling the stock of Cisco Systems (NASDAQ: CSCO) skyward on Wednesday. Investors took the bullish new rating to heart, pushing into shares of the veteran computer networking company and sending them more than 4% higher in price. That performance was much better than the 0.5% rise of the S&P 500 index that day.
Private Equity Professional
OCTOBER 16, 2024
A new survey from Grant Thornton reveals that despite a significant drop in confidence, chief financial officers (CFOs) still anticipate profit growth. Grant Thornton’s Q3 2024 CFO survey engaged more than 230 senior finance leaders and found that 79% expect growth in net profits over the next 12 months — a 10-quarter high for the survey. However, the percentage expecting growth over 20% fell amid ongoing economic and political volatility.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Professional
OCTOBER 16, 2024
Mill Point Capital has successfully closed Mill Point Capital Partners III LP with approximately $1.7 billion in total capital commitments. Fund III, which was raised in less than five months, was oversubscribed and closed at its hard cap. The limited partners in Fund III include endowments, foundations, government and corporate pension plans, insurance companies, family offices, and funds of funds.
The Motley Fool
OCTOBER 16, 2024
Investors happily greeted the latest news from Abbott Laboratories (NYSE: ABT) on Hump Day. After the storied healthcare company unveiled its third-quarter results, those folks traded its stock up by 1.5%. That was good enough to edge past the S&P 500 index's 0.5% gain. A pair of modest beats For the quarter, Abbott's revenue totaled just under $10.64 billion, for year-over-year growth of almost 5%.
Private Equity Wire
OCTOBER 16, 2024
Zinnia, a life and annuity (L&A) insurance technology company, has secured $300m in financing from Vista Credit Partners, the private credit subsidiary of Vista Equity Partners focused on the enterprise software, data, and technology markets. The new financing will be used to accelerate Zinnia’s go-to-market strategy. Zinnia delivers end-to-end solutions that power over 50% of the digital annuity volume in the US.
The Motley Fool
OCTOBER 16, 2024
Last Thursday night, electric vehicle (EV) pioneer Tesla (NASDAQ: TSLA) unveiled its much-anticipated robotaxi -- actually, 21 of them -- called the Cybercab. The two-seater vehicle suggested a Tesla Model 3 in the front and the futuristic-looking Tesla Cybertruck in the rear. It's purpose-built as an autonomous vehicle , so it has no steering wheel or pedals.
AltAssets
OCTOBER 16, 2024
Life sciences-focused venture capital major Forbion has raised more than €2bn across a pair of new funds targeting VC and growth dealmaking. The post Forbion powers to €2bn across new life science-focused fund pair, just a year after closing predecessor vehicles appeared first on AltAssets Private Equity News.
The Motley Fool
OCTOBER 16, 2024
Shares of NuScale Power (NYSE: SMR) , a nuclear energy company that makes small modular reactors (SMRs), were soaring Wednesday on reports that Amazon (NASDAQ: AMZN) is interested in using that type of reactor to meet the energy needs of its data centers. NuScale surge also seemed to be getting enhanced by a short squeeze, as a significant percentage of the company's stock is sold short.
The Big Picture
OCTOBER 16, 2024
At The Money: Our Complicated Relationship With Cash with Dr. Daniel Crosby (October 16, 2024) How can we improve our relationship with money and earning, investing and spending? Full transcript below. ~~~ About this week’s guest: Dr. Daniel Crosby is the Chief Behavioral Officer at Orion Advisor Solutions, where he helps financial advisors apply behavioral science in their practice.
The Motley Fool
OCTOBER 16, 2024
Shares of ASML (NASDAQ: ASML) were falling for the second day in a row today. After the chip equipment maker accidentally reported results yesterday, investors seemed to give a thumbs-down to its earnings call this morning that added some color to its downbeat guidance for 2025. The chip stock was down 5.6% on the news as of 12:23 p.m. ET on Wednesday.
AltAssets
OCTOBER 16, 2024
HSBC Asset Management is prepping for the launch of its latest Vision Private Equity fund, which is expected to start being marketed to LPs next month. The post HSBC Asset Management set to launch new private equity fund next month appeared first on AltAssets Private Equity News.
The Motley Fool
OCTOBER 16, 2024
Shares of Wolfspeed (NYSE: WOLF) continued their remarkable recovery on Wednesday, soaring by as much as 19.5%. As of 12:35 p.m. ET, the stock was still up 17.8%. The catalyst that sent the semiconductor specialist higher was a vote of confidence from a Wall Street analyst. A rapid ascent Morgan Stanley 's Joseph Moore raised his price target on Wolfspeed to $15 from $10, though he maintained an equal weight (hold) rating on the shares.
Private Equity Wire
OCTOBER 16, 2024
Verlinvest, a global family-backed consumer-focused evergreen investment firm, has acquired a majority stake in The Climbing Hangar, one of the UK’s leading bouldering gym operators, investing alongside the founder and existing management team. According to a press statement, this strategic partnership will provide capital and resources to enable The Climbing Hangar to accelerate its growth by building new sites in the UK, acquiring high-quality existing operations, and deepening its brand
The Motley Fool
OCTOBER 16, 2024
Shares of major airline United Airlines (NASDAQ: UAL) rallied 13.2% on Wednesday as of 2 p.m. ET. United reported third-quarter earnings last night. Not only did those earnings surprise to the upside, but management also made news by announcing the company's first buyback plan since before the pandemic. Kissing COVID goodbye In the third quarter, United delivered $14.8 billion in revenue, up 2.5% from the past year, with non-GAAP (adjusted) earnings per share (EPS) of $3.33, down 8.8%.
Private Equity Wire
OCTOBER 16, 2024
Private equity firm Stone Point Capital has agreed a deal to acquire a majority stake in Kestra Holdings, an independent broker-dealer with $117 billion in assets under management, buying out Warburg Pincus’s stake in the business. Kestra’s other private equity investor, Oak Hill Capital, will retain its minority stake. While the specific financial details were not disclosed, the transaction is expected to close in the first quarter of 2025.
The Motley Fool
OCTOBER 16, 2024
Uranium mining stocks surged higher on Wednesday, with industry bellwether Cameco (NYSE: CCJ) rising 8.2% through 2:11 p.m. ET, Denison Mines (NYSEMKT: DNN) doing even better with a 14.7% gain, and smaller Energy Fuels (NYSEMKT: UUUU) performing best of all -- up 17%. Investors are betting on a resurgence in demand for nuclear energy, and their optimism is not without reason as tech giants like Microsoft (NASDAQ: MSFT) , Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , and Amazon.com (NASDAQ: AMZN) are
A Wealth of Common Sense
OCTOBER 16, 2024
Today’s Animal Spirits is brought to you by Nasdaq and Fabric: See here for more information on the largest U.S. equities exchange by market share Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life On today’s show, we discuss: US Consumer Spending Is Increasingly Driven by Richer Households This is a great economy.
The Motley Fool
OCTOBER 16, 2024
In this podcast, Motley Fool host Dylan Lewis and analysts Jason Moser and Andy Cross discuss: Why Jamie Dimon is trying to get investors past the rate story in banking. Tesla 's splashy We, Robot product event, and how the company's new Cybercab offering might fit into the company's long-term strategy. Earnings updates from Delta , Pepsi , and Domino's.
AltAssets
OCTOBER 16, 2024
Platinum Equity-backed IT distribution specialist Ingram Micro is eyeing a valuation of up to $5.42bn through a return to the public markets. The post Deal Roundup: Platinum-backed Ingram Micro eyes $5.4bn valuation through IPO, General Atlantic buys into Bridgepoint’s Kyriba appeared first on AltAssets Private Equity News.
The Motley Fool
OCTOBER 16, 2024
The market for artificial intelligence (AI) accelerators is currently dominated by Nvidia (NASDAQ: NVDA) , which has built a technology lead over rivals and controls an estimated 85%-plus share of this space. However, fellow chipmakers, such as Advanced Micro Devices (NASDAQ: AMD) and Intel , are also trying to corner a piece of this lucrative market.
AltAssets
OCTOBER 16, 2024
Harry Stebbings, the British podcaster who made a name for himself via his 20-minute interviews with venture capitalists, has just raised $400m for one of the biggest VC funds raised in Europe. The post UK podcaster Harry Stebbings raises $400m for one of Europe’s biggest VC funds appeared first on AltAssets Private Equity News.
The Motley Fool
OCTOBER 16, 2024
Almost every financial company has some sort of digital or tech component today and can be grouped under the fintech category. Visa (NYSE: V) is a well-established, traditional financial giant and one of the largest companies in the world by market cap. It's also a modern fintech superstar with high-tech capabilities that it continually invests in, with strong innovation and plenty of new opportunities.
AltAssets
OCTOBER 16, 2024
Tech-focused investment house Insight Partners has raised $1.5bn for its third continuation fund, with HarbourVest Partners leading investors in the new vehicle. The post HarbourVest seals one of its biggest-ever GP-led deals by backing $1.5bn Insight Partners continuation fund appeared first on AltAssets Private Equity News.
The Motley Fool
OCTOBER 16, 2024
Image source: The Motley Fool/Unsplash Pet peeves -- we've all got 'em. For me personally, other people's aggressive or careless driving spikes my blood pressure. We all have to share the road, and in addition to putting other people at risk, being an inconsiderate driver can also cost you money. If you're hoping not to drain your checking account with your comings and goings each day, check out these four expensive driving habits to avoid. 1.
AltAssets
OCTOBER 16, 2024
Real assets-focused investor Palladio Partners has restructured its executive team in the wake of the sudden death of co-founder Michael Rieder earlier this month. The post Palladio Partners restructures top team after sudden death of co-founder Michael Rieder appeared first on AltAssets Private Equity News.
The Motley Fool
OCTOBER 16, 2024
In this video, I will talk about two "Magnificent Seven" stocks I own and will continue to add to unless they prove me wrong. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Oct. 11, 2024. The video was published on Oct. 16, 2024. Should you invest $1,000 in Alphabet right now?
Private Equity Wire
OCTOBER 16, 2024
Marc Rowan, CEO at Apollo Global Management, one of the world’s largest private capital providers, foresees a growing convergence between public and private markets, with private capital increasingly attracting competition from Wall Street, according to a report by Bloomberg. Speaking at the CAIS Alternative Investment Summit in Beverly Hills, Rowan emphasised that Apollo will maintain discipline as it continues to expand its assets under management.
The Motley Fool
OCTOBER 16, 2024
Investing in individual growth stocks can be a rollercoaster ride, but the potential rewards can be substantial. Since the 2008 financial crisis, numerous growth stocks have significantly outperformed passive index funds. Some standout performers have even delivered returns exceeding 1,000% in less than five years. Nvidia (NASDAQ: NVDA) , the chipmaker at the heart of the artificial intelligence (AI) revolution, exemplifies this potential, turning a $10,000 investment into nearly $300,000 over t
Private Equity Wire
OCTOBER 16, 2024
Blackstone, the world’s largest alternative asset manager, is planning to invest €7.5bn ($8.2bn) to develop data centres in the Aragon region of northeastern Spain, further establishing the region as a key hub for cloud computing in Europe, according to a report by Reuters. The US-based private equity firm joins tech giants including Microsoft and Amazon, in announcing significant investments in the area.
The Motley Fool
OCTOBER 16, 2024
Companies listed in the U.S. are only required to divulge their financials once per quarter. However, some companies offer more information to investors to keep them better informed on the current state of the business. Taiwan Semiconductor Manufacturing (NYSE: TSM) -- also known as TSMC -- is one of those companies that offers more than basic information as it reports its monthly revenue shortly after each month has wrapped up.
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