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The S&P 500 (SNPINDEX: ^GSPC) has advanced 18% year to date, notching more than three dozen record highs in the process. Factors driving that momentum include enthusiasm about artificial intelligence and anticipated interest rate cuts. Additionally, S&P 500 companies are collectively expected to report an acceleration in earnings growth this year.
Maloney : “Strong private equity returns ensure that tens of millions of dedicated public servants can depend on a well-funded pension to support their well-deserved retirement.” Washington, D.C. – Today, the American Investment Council released its 2024 public pension study showing that private equity once again delivered the strongest returns for public pension portfolios.
Costco Wholesale (NASDAQ: COST) is one of the more expensive retail stocks you can buy. It trades at a price-to-earnings multiple north of 50 and its market cap is $370 billion. In just five years, the shares have soared by 200%. While Costco has a great business, the biggest reason to not invest in the company today is its high valuation. But investors shouldn't count out this stock in either the short or long term.
A reader asks: As someone that spends too much time thinking about buying a lake house, I would love to hear your thoughts. The argument that you will feel tied down and obligated to go to the lake house at the expense of other travel worries me. A few weeks ago I wrote about my all-time high in savings and why it was a mistake. Here’s something I shared: But I no longer feel it’s necessary to go over and abov.
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. If you have a family, you may be inclined to take certain steps to protect them financially. One of those might be buying life insurance. Another might involve coming up with a plan to pass your assets on to your heirs as smoothly as possible.
Momento, a Seattle, WA-based provider of a real-time data platform, raised $15M in Series A funding. The round was led by Bain Capital Ventures, with participation from The General Partnership, Marianna Tessel Neha Narkhede, Tom Killalea, Don MacAskill, and John Lilly. The company intends to use the funds to accelerate enterprise sales and to expand […] The post Momento Raises $15M in Series A Funding appeared first on FinSMEs.
Investors have been buying Palantir Technologies (NYSE: PLTR) stock hand over fist in 2024, which is evident from the 67% gains clocked by the company that's known for providing data analysis software platforms to both government and commercial customers. Artificial intelligence (AI) played a central role in Palantir stock's surge this year as the growing adoption of this technology across the globe led to a nice bump in the company's revenue pipeline.
At first glance, the mania surrounding artificial intelligence (AI) stocks has some similarities to the short-lived hype seen in the market from time to time (the metaverse, cannabis stocks, and cryptocurrencies are recent examples). Take a closer look though. This buzz is different. Not only is it not fading away, but the proverbial table-pounding is making more and more sense.
EdgeRunner AI, a Seattle, WA-based startup building Generative AI for the edge, closed a $5.5m seed funding round. The round was led by Four Rivers Group with participation from Madrona Ventures and strategic angels. Four Rivers Group, Madrona Ventures, The company intends to use the funds to build its platform, powered by state-of-the-art transparent models […] The post EdgeRunner AI Raises $5.5M in Seed Funding appeared first on FinSMEs.
Investing in stocks can be challenging, especially when it comes to selecting individual companies. The process requires extensive research, constant monitoring, and carries substantial risk. For those seeking a simpler approach, Vanguard offers a compelling solution with its suite of 86 exchange-traded funds (ETFs). Among these various funds, the Vanguard Total Stock Market Index Fund ETF (NYSEMKT: VTI) stands out as a comprehensive option for investors looking for a diversified stock portfolio
Allium, a NYC-based blockchain data platform for enterprises, raised a $16.5m Series A funding. The round was led by Theory Ventures with participation from seed investors Kleiner Perkins and Amplify Partners. Tomasz Tunguz, Founder of Theory Ventures, will join the board as part of its investment. This brings the company’s total capital raised to $21.5 […] The post Allium Raises $16.5M in Series A Funding appeared first on FinSMEs.
Image source: Getty Images In recent years, many people have seen their living costs increase in different ways, whether it's rising rents or added insurance costs. Unfortunately, Costco is now joining the ranks of companies that are raising their fees. The warehouse club giant recently announced that starting Sept. 1, the cost of a basic (Gold Star) membership will be rising from $60 a year to $65.
New Frontier Funding, a San Diego, CA-based pioneer in leveraging generative AI to help small and medium-sized businesses (SMBs) find credit and debt funding, closed a round of growth capital from the Homsher Family Office. The amount of the deal was not disclosed. This growth capital will fund technology infrastructure, continued development of AI, and […] The post New Frontier Funding Receives Growth Capital from Homsher Family Office appeared first on FinSMEs.
Share prices of CrowdStrike (NASDAQ: CRWD) have taken off since the beginning of June, with impressive gains of 22% as of this writing. There are a couple of reasons behind the cybersecurity specialist's robust rally that helped it outpace one of the hottest stocks on the market during this period: Nvidia (NASDAQ: NVDA). It's worth noting that CrowdStrike's gains over the past month are almost double the 11% jump that Nvidia stock has registered.
OnRamp, a Boston, MA-based company that delivers customer onboarding by automating and streamlining the post-sales process, raised $14.2M across a seed and recent Series A funding rounds. The round was led by Javelin Venture Partners with participation from Contour Venture Partners, Pear VC, Quiet Capital, Correlation Ventures, Frontier Ventures, J Ventures and others, along with strategic individuals including Claire Hughes Johnson (Stripe), Steve Fredette, and Louis […] The post OnRamp R
At the end of May, I noted five high-flying artificial intelligence stocks that seemed primed for a stock split. Sure enough, in a span of weeks, three of those five went ahead and announced splits. That of course leaves two others with sky-high stock prices and continued AI momentum. Here's why one of them, Super Micro Computer (NASDAQ: SMCI) , may be the next to split.
Shopify has become one of the largest e-commerce companies in the world. It provides the backbone for millions of small merchants, and it's pivoting to capture market share from enterprise businesses. But if you're looking for a smaller player that's just getting started, you might want to consider buying Global-e Online (NASDAQ: GLBE) stock. It's growing fast, and it also gives you exposure to Shopify.
Creating multiple streams of passive income is a well-known strategy for achieving financial independence. However, identifying truly valuable passive-income opportunities can be a daunting task. Enter Tier 1 dividend stocks: equities from companies that have demonstrated an unwavering dedication to shareholder rewards through consistent distributions and dividend increases.
Veteran VC investor Menlo Ventures has continued its thrust into AI investment via a new $100m fund launched in partnership with $18.4bn-valued AI startup Anthropic. The post Menlo Ventures continues AI startup push with new $100m fund first appeared on AltAssets Private Equity News.
There was a time when Beyond Meat (NASDAQ: BYND) was hailed as a must-have investment due to the planet-saving nature of its products. Now the plant-based meat manufacturer is seemingly fighting for its own survival. Beyond Meat shares are down 10.6% as of 12:05 p.m. ET today, according to data from S&P Global Market Intelligence , in response to reports that the company is looking to restructure its debt.
CCMP Growth Advisors has beaten its $500m target for its first flagship fund since being created out of veteran investor CCMP Capital two years ago. The post CCMP Capital spinout CCMP Growth seals $500m for debut fundraise first appeared on AltAssets Private Equity News.
The "Magnificent Seven" stocks are some of the best and brightest growth stocks investors can buy. But many of them have amassed some incredible gains over the past year-and-a-half, pushing their valuations to concerning levels for many investors. Electric vehicle maker Tesla (NASDAQ: TSLA) , has, however, been a bit of an underperformer in 2024. Year to date, it's up only 2%, and that would have been much worse if not for a recent rally.
Global private capital advisor Campbell Lutyens has promoted five to Managing Director across its New York (Nick Best, Alex Jerez-Fernandez and Brendan Webb), London (James Windsor) and Paris (Victor de Brondeau) offices. Best joined the firm in 2018 as an executive on the firm’s US secondaries team. He advises on GP-led and LP-led secondary transactions across asset classes.
Generally speaking, the restaurant business isn't a great one to invest in. Restaurants are expensive and complicated to manage, which is why many of them fail. Indeed, even the larger restaurant chains with proven staying power seem perpetually on the defensive these days. There's a small handful of exceptions to this industry norm, though. Chipotle Mexican Grill (NYSE: CMG) is one of them.
Mid-market private equity investment activity in the UK declined by 11% in the first half of 2024, as challenging macroeconomic conditions persisted, according to KPMG UK’s latest mid-market private equity analysis. The firm’s most recent M&A study revealed that 321 mid-market transactions were completed during the first six months of the year, representing a drop of 11% when compared to 360 transactions completed during the same period in 2023.
Buying an exchange-traded fund (ETF) that tracks the S&P 500 index is a terrific method of generating long-term wealth. Statistics show that around 90% of actively managed funds failed to beat the index over the last 15 years. Simply buying the index allows you to catapult your performance into the top 10% of the industry. But there's one ETF that could improve your portfolio's performance even more.
SLR Capital Partners, a private credit platform specialising in direct lending to US middle market companies, has appointed Scottie Bevill, formerly Senior Investment Officer for the Teachers’ Retirement System of the State of Illinois, as Senior Advisor. Most recently, Bevill led global income strategies for the $65bn pension plan, overseeing all public and private markets debt and fixed income portfolios.
Fintechs have been trying to disrupt big banks for years, and the time may have finally come. Big banks are losing deposits to SoFi (NASDAQ: SOFI) and Robinhood (NASDAQ: HOOD) , and that may drive the stocks higher for years to come. Travis Hoium covers the latest news in this video. *Stock prices used were end-of-day prices of July 15, 2024. The video was published on July 16, 2024.
Private equity funds affiliated with Blackstone are to acquire Trystar, a provider of electrical equipment used for backup power solutions serving data centre, industrial, commercial, healthcare and utility end markets. Trystar designs and manufactures electrical power solutions which help to ensure power reliability. In a statement, Mark Zhu, Managing Director at Blackstone Energy Transition Partners, said: “Trystar’s innovative and mission-critical power management solutions are well-positione
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of July 16, 2024. The video was published on July 16, 2024. Should you invest $1,000 in Nvidia right now?
Credit investment major Oak Hill Partners has teamed up with One Investment Management to create an initial fund of $5bn targeting European private credit deals. The post Oak Hill, OneIM team up to spend $5bn on European private credit deals first appeared on AltAssets Private Equity News.
JPMorgan Chase (NYSE: JPM) recently kicked off earnings season for the big U.S. banks, and for the most part, the numbers looked strong. The megabank beat analyst expectations on both the top and bottom lines. Earnings and revenue grew by 25% and 20%, respectively, year over year, and investment-banking revenue jumped by more than 50%. While the earnings results generally looked strong, it's important to note that CEO Jamie Dimon had some cautionary words for investors.
Alternative investment adviser and fund manager Cliffwater has expanded its team dedicated to its Cascade Private Capital Fund with the appointment of Timothy Henn as Managing Director and Head of Private Equity Secondaries. According to a press statement, Henn will lead the development of the firm’s secondaries capabilities for both LP-led and GP-led investments.
Image source: Getty Images Costco has a major goal when it comes to stocking its shelves: offer prices that are lower than its competitors. To that end, Costco makes a point to always offer low prices on its wide range of inventory. But every month, Costco offers up specific discounts on select items that could result in even more savings than you're used to.
A strategic partnership of funds and accounts managed by the credit businesses of global investment firms Carlyle and KKR is to purchase an approximately $10.1bn portfolio of prime student loans from Discover Financial Services. Carlyle’s investment in the portfolio was led by its credit strategic solutions team, a group within its global credit business focused on asset-backed investments, while KKR’s investment in the portfolio comes primarily from its asset-based finance strategy and other cr
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