Sun.Jul 21, 2024

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4 Incredibly Reliable Cars You Can Drive Until the Wheels Fall Off

The Motley Fool

Image source: Upsplash/The Motley Fool For many people, owning a car isn't just a financial decision -- it's a rite of passage. But the financial costs of owning a car can't be ignored. According to Newsweek, Americans spend nearly 20% of their monthly income on their vehicles. Between insurance, interest rates, and gas prices, buying a car is a big financial decision.

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The Biggest Winners in the Stock Market

A Wealth of Common Sense

Hendrik Bessimbinder has produced some of my favorite stock market research. Bessimbinder discovered that four out of every seven stocks in the U.S. have underperformed cash (one-month T-bills) since 1926. And just 4% of companies accounted for all the wealth gains for the entire stock market in that time. The stock market runs on power laws over the long run.

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Here's the Average Retirement Savings Rate Today. You Need to Do Better.

The Motley Fool

There are many people who end up retiring without so much as a dollar saved. But hopefully, that's not your plan. In fact, ideally, you're already saving money for retirement on a consistent basis. That could mean participating in an employer's 401(k) plan, funding an IRA on your own, or both. But are you saving enough of your income for retirement?

Taxes 246
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GRO Biosciences Closes $60.3M Series B Financing

FinSMEs

GRO Biosciences, a Cambridge, MA-based biotechnology company leveraging synthetic biology, raised $60.3M in Series B funding. The round, which brought the total amount to more than $90M, was led by Atlas Venture and Access Biotechnology. Previous investors including Leaps by Bayer, Redmile Group, Digitalis Ventures and Innovation Endeavors also participated.

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2 Historically Flawless Metrics Suggest the Stock Market Can Plunge: Here Are 3 Stocks I've Sold Ahead of What May Be a Big Move for Wall Street

The Motley Fool

For more than 18 months, the bulls have ruled the roost on Wall Street. Since 2023 began, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI) , benchmark S&P 500 (SNPINDEX: ^GSPC) , and growth-centric Nasdaq Composite (NASDAQINDEX: ^IXIC) have gained 23%, 44%, and 71%, respectively, and reached fresh all-time highs. Although all three indexes have increased in value over the long run -- which is what makes long-term investing such a fruitful strategy -- history also teaches us that st

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SoMon Becomes Fastest-Growing Web3 Social App with 300,000 Transactions in Two Weeks

FinSMEs

Hong Kong, Hong Kong, 22nd July 2024, Chainwire The post SoMon Becomes Fastest-Growing Web3 Social App with 300,000 Transactions in Two Weeks appeared first on FinSMEs.

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9 strategies for building your prospect pipeline

Million Dollar Round Table (MDRT)

By Bryce Sanders Not every financial advisor and life insurance agent despises prospecting. Many years ago, I met a financial advisor who truly enjoyed the process. He was the only person like that I have ever come across. For as much as most of us don’t enjoy prospecting, when you stop, you’re not adding new clients to the pipeline and eventually the pipeline will run dry.

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Here's Exactly How to Tell if You Qualify for Spousal Social Security Benefits

The Motley Fool

Social Security spousal benefits seem like they'd be pretty straightforward. As long as you're married, you qualify, right? Not exactly. There are a few criteria that workers and spouses must meet before they can claim spousal Social Security benefits. Ex-spouses can qualify too, although the rules are a little different for them. We'll look at the requirements for each in more detail below.

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Companies drop DEI targets from bonus plans on conservative pressure

Financial Times: Moral Money

Criticism from asset managers is increasingly leading big employers to walk back diversity and environmental measures

Companies 104
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This Billionaire Predicted the Nvidia Stock Rally. Now He's Making a Prediction Elsewhere With an Investment That's Already Jumped 13% in the Last Month.

The Motley Fool

Stanley Druckenmiller is one of the richest people in the world, with a net worth of $6.2 billion as of this writing, according to the "Real-Time Billionaires List" from Forbes. And he was able to pad his numbers with an extremely timely investment in Nvidia (NASDAQ: NVDA). In the fourth quarter of 2022, Druckenmiller bought over 580,000 shares of Nvidia for his investment firm Duquesne Family Office.

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Nippon Steel hires Mike Pompeo in lobbying push for $15bn US Steel bid

Financial Times M&A

Trump’s ex-secretary of state to help Japanese company overcome opposition to deal

Bidding 102
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Is Nvidia Heading to $200 in the 2nd Half?

The Motley Fool

Nvidia (NASDAQ: NVDA) stock soared more than 500% over the past three years, prompting investors to wonder if it would be ripe for a slowdown 2024. But enthusiasm about this artificial intelligence (AI) chip leader continued, and the stock surged nearly 150% in the first half. This is as the company reported triple-digit gains in earnings and prepared for the launch of a whole new architecture, known as Blackwell, later this year.

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Antheia Raises $17M in Funding

FinSMEs

Antheia, a Menlo Park, CA-based pharmaceutical ingredient manufacturer, raised $17M in funding. The funding included a non-dilutive two-year project agreement up to $11M through the BioMaP Consortium and additional investment from In-Q-Tel, Inc. (IQT), Echo Investment Capital (Echo), and several existing investors, including Viking Global Investors.

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1 Growth Stock Down 87% to Buy Right Now

The Motley Fool

At first glance, Roku (NASDAQ: ROKU) looks like a stock to avoid. Shares are trading down 87% from their 2021 peak, for instance, and still within sight of their early 2023 low. The company also remains unprofitable. Never even mind the fact that the streaming industry's growth that Roku was built on appears to be at an end. However, there are two important pieces of investing advice to remember here.

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Convergint Acquires Helinick

FinSMEs

Convergint, a Schaumburg, IL-based company which specializes in service-based systems integration, acquired Helinick, a Romania-based integrator that specializes in the design and implementation of electronic security, fire safety, communications, and building management systems. The amount of the deal was not disclosed. With the acquisition, Convergint will accelerate its growth in Europe, further enhance its capabilities. […] The post Convergint Acquires Helinick appeared first on FinSME

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After the Biggest IT Outage in History, Is CrowdStrike a Stock to Avoid.or a Bad-News Buy?

The Motley Fool

CrowdStrike Holdings (NASDAQ: CRWD) made headlines around the world on Friday -- but not for a reason the company or its shareholders were happy about. A faulty software update by the cybersecurity specialist led to an IT outage that impacted customers around the world, from airlines to banks to hospitals, causing business for many of them to screech to a halt.

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AFC and Arise team up to launch $100 mln capital pool

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post AFC and Arise team up to launch $100 mln capital pool first appeared on Africa Capital Digest.

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July Is an Important Month for Social Security. Here's Why

The Motley Fool

If you're receiving Social Security benefits, July is a very important month for you. This month could play a big role in determining the amount of income you have to spend next year. Here's why this month matters so much for seniors who rely on their Social Security checks to help them make ends meet. Image source: Getty Images. July is going to play a big role in determining your 2025 raise There's a very important reason July matters so much for Social Security.

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Aruwa makes third investment in hibiscus flower business

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Aruwa makes third investment in hibiscus flower business first appeared on Africa Capital Digest.

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Prediction: Ethereum Will Hit $5,000 by 2025

The Motley Fool

Up more than 50% through the first half of 2024, Ethereum (CRYPTO: ETH) now appears to be on track to regain its all-time high of $4,891 from the previous crypto bull market rally. Given Ethereum's current price of $3,400, that would imply a rally of more than 40% within a relatively short period of time. That's certainly possible, given how well Ethereum has performed over the first half of the year.

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Metier wraps up fund raise, beating goal by 10%

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Metier wraps up fund raise, beating goal by 10% first appeared on Africa Capital Digest.

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3 No-Brainer Stocks to Buy and Hold for the Rest of 2024 and Beyond

The Motley Fool

The stock market enjoyed a strong first half. The S&P 500 rallied nearly 15%, powered in part by growing optimism that the Federal Reserve will begin cutting rates this year. Falling rates are one of the many catalysts ahead that could give stocks the power to rally in the back half of the year and beyond. Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) , Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A) , and NextEra Energy (NYSE: NEE) stand out to a few Fool.com contributors for their compelling t

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MNT-Halan raises 9-figure round from Apis, DPI, IFC, others

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post MNT-Halan raises 9-figure round from Apis, DPI, IFC, others first appeared on Africa Capital Digest.

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10 Best Dividend Growth Stocks to Buy and Hold Forever

The Motley Fool

Dividend growth stocks typically outperform most other asset classes over five- to 10-year periods. I've selected 10 companies with strong dividend growth records that could amplify your portfolio returns over the long term. These blue-chip companies have navigated various headwinds while continuing to increase their payouts at a blistering rate. Let's examine why these top dividend growers might be worth buying as part of a long-term capital-appreciation and income-generating strategy.

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Kuramo lands mandate to manage Nigerian impact fund

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Kuramo lands mandate to manage Nigerian impact fund first appeared on Africa Capital Digest.

Funds 52
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1 Wall Street Analyst Thinks Meta Platforms Stock Is Going to $550. Is It a Buy?

The Motley Fool

Meta Platforms (NASDAQ: META) has, despite a few missteps, been a roaring success as a company over the years. It continues to be quite the juggernaut on the stock market, too. It might be hard to believe now, but the company's IPO price was set at $38 per share when it went public in 2012; it now trades for nearly $480. Even across a 12-year stretch, that's quite the return.

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Woodside buys Tellurian to position itself as ‘global LNG powerhouse’

Financial Times M&A

Australian oil and gas group’s bid for Louisiana export terminal developer follows collapse of Santos talks

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2 Dividend Stocks to Double Up on Right Now

The Motley Fool

2024 is on pace to become another banner year for the stock market, with the benchmark S&P 500 delivering total returns of 17% year to date. However, the strong performance has been uneven and several stocks have yet to fully recover from 2022's drops. Roughly 30% of the index's components trade down so far in 2024, including some otherwise dependable dividend stocks.

Debt 245
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The Indo-Pacific Partnership for Prosperity, Global Infrastructure Partners and KKR Lead Creation of Coalition to Mobilize Infrastructure Investment in the Indo-Pacific Region

KKR

SINGAPORE – June 6, 2024 – Today the Indo-Pacific Partnership for Prosperity (IP3), Global Infrastructure Partners (GIP), and KKR announced the formation of a new coalition to catalyze infrastructure investment in the emerging market partner economies of the Indo-Pacific Economic Framework (IPEF). GIP and KKR will serve as co-chairs of the new initiative.

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This Institutional Investor Just Increased Its Stake in Norwegian Cruise Lines by Nearly 10%. Should You Do the Same?

The Motley Fool

Norwegian Cruise Line Holdings (NYSE: NCLH) is a company on an upswing. After surviving an extended shutdown during the COVID-19 pandemic, it began relaunching its ships in 2021, and passengers have returned over time. As a result, bookings have hit record levels, and its stock has risen. To this end, the company has attracted increased interest from institutional investors, with GSA Capital Partners increasing its stake in the stock.

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Quick Quack Announces Strategic Investment by KKR

KKR

NEW YORK & ROSEVILLE, Calif.--(BUSINESS WIRE)-- KKR, a leading global investment firm and Quick Quack Car Wash (“Quick Quack” or the “Company”) today announced that investment funds managed by KKR have made a significant minority investment in the Company. This press release features multimedia. View the full release here: [link] Quick Quack’s.

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Spirit Airlines Has Fallen 82% This Year: Should You Buy the Dip for the Second Half of 2024?

The Motley Fool

Airlines are a tough business. They always have been. It's even tougher if you promise to be a low-cost provider but can't run your business without generating a profit. That is the position Spirit Airlines (NYSE: SAVE) finds itself in. After a botched merger with JetBlue , the company is reeling as cost overruns, and the hypercompetitiveness of the airline market cause it to bleed cash flow.

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KKR-Mirastar enter prime logistics market in Germany

KKR

Frankfurt am Main, 14 June 2024 – KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a high-quality logistics property in Hanover, Lower Saxony. This off-market transaction is KKR and Mirastar’s first industrial and logistics acquisition in Germany, as well as the first for KKR’s European Core+ Real Estate strategy in this market.

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Should You Buy the Second-Highest Yielding Vanguard S&P 500 Sector ETF?

The Motley Fool

The stock market is made up of 11 sectors. In order of market cap, they are information technology, financials, healthcare, consumer discretionary, communication services, industrials, consumer staples, energy, utilities, materials, and real estate. With a yield of 3.3%, utilities is the second-highest yielding sector behind real estate and just ahead of energy.