Mon.Sep 16, 2024

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Etsy Removed From the S&P 500. What's Next for This Beaten-Down Stock Now That It's Out?

The Motley Fool

In September 2020, e-commerce company Etsy (NASDAQ: ETSY) was included in the S&P 500 -- an index of about 500 of the biggest, most profitable U.S. companies. Indeed, 2020 was a bumper year for the company, with revenue more than doubling from 2019. The booming business earned about $350 million in net income from the year, which is likely why it was deemed a good candidate for the S&P 500.

Prospects 246
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Deal Roundup: Bain said to eye £1bn-plus from esure sale, Heartwood seals Royal Products investment

AltAssets

Bain Capital is reportedly readying a sale of UK insurer esure which could see the company valued at £1bn or more. The post Deal Roundup: Bain said to eye £1bn-plus from esure sale, Heartwood seals Royal Products investment appeared first on AltAssets Private Equity News.

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Forget Walmart: The Biggest Retail Stock Split of the Year Has Arrived

The Motley Fool

Since the advent of the internet roughly three decades ago, investors have consistently had a next-big-thing innovation or game-changing technology to captivate their attention. However, 2024 has been somewhat unique in that two trends are vying for recognition at the same time. While there's no denying that the rise of artificial intelligence (AI) has helped lift all three major stock indexes to record-closing highs, the excitement surrounding stock splits has played an equally important role i

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Apollo to acquire RNG fuelling infrasrtucture specialist Freedom CNG

Private Equity Wire

Funds managed by private investment firm Apollo have acquired a majority interest in Freedom CNG (Freedom), an owner and operator of compressed natural gas (CNG) and renewable natural gas (RNG) fuelling infrastructure in Texas. Founded in 2012, Freedom operates a fast-growing network of high capacity fuelling stations in strategic, highly trafficked locations in the Houston Metro area, providing RNG to customers including leading logistics and transportation companies, refuse companies, municipa

Legal 93
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Ajit Jain Sells Over Half His Berkshire Hathaway Stake: A Warning for Warren Buffett's Empire?

The Motley Fool

It's always interesting when a major executive at a big company makes a large open-market purchase or sale. But it's especially notable when executives at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) make a big move. Last Monday, Berkshire Vice Chairman Ajit Jain sold $139 million of Berkshire stock, which is good for over half his entire stake in the company.

Stakes 246
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MBK bids to become largest shareholder of Korea Zinc

Private Equity Wire

Private equity firm MBK Partners has teamed with Young Poong Corp, the largest shareholder of Korea Zinc Co, to launch a joint tender offer to acquire a controlling stake in the world’s leading refined zinc producer, valuing the company at KRW13.7tn won ($10.3bn), according to a report by Bloomberg. Korea Zinc’s shares soared by as much as 24% — a record gain — after the announcement of the offer to acquire up to 14.6% of the company late on Thursday.

Bidding 90

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Kohlberg & Company wraps up quick return to fundraising with $5.3bn of new capital

AltAssets

Veteran private equity firm Kohlberg & Company has raised $5.3bn of new capital across its tenth flagship private equity fund and related co-invest vehicles. The post Kohlberg & Company wraps up quick return to fundraising with $5.3bn of new capital appeared first on AltAssets Private Equity News.

Returns 92
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Is Your Emergency Fund Bigger or Smaller Than Average?

The Motley Fool

Image source: The Motley Fool/Upsplash Emergency savings is the ticket to avoiding financial disaster. Sadly, it's not a matter of if some unexpected expense will happen -- it's a matter of when. Everyone faces surprises, whether it's a job loss you didn't anticipate, your car's brakes going kaput, or your fridge deciding not to keep food cold any longer.

Funds 246
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Global Infrastructure Partners said to near $20bn for latest flagship fund, eyeing $25bn goal in Q1 2025

AltAssets

Global Infrastructure Partners is reportedly nearing $20bn for one of the world's biggest ever infra fundraises. The post Global Infrastructure Partners said to near $20bn for latest flagship fund, eyeing $25bn goal in Q1 2025 appeared first on AltAssets Private Equity News.

Funds 89
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Should You Buy the 3 Highest-Paying Dividend Stocks in the Nasdaq?

The Motley Fool

Generous dividends can help you build wealth in the long run. At the same time, overly generous dividend yields may be a sign of deeply rooted financial struggles. The Dogs of the Dow investing strategy relies on the business quality requirements of the Dow Jones Industrial Average (DJINDICES: ^DJI) If one of the 30 mighty Dow stocks is down on its luck, sending share prices lower and the effective dividend yield higher, that's surely a temporary issue.

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CAI Capital outdoes previous fund total with $153m Fund VII final close

AltAssets

Canada’s CAI Capital has reached a $153m final close for its seventh flagship fundraise, 15 months after hitting its first close. The post CAI Capital outdoes previous fund total with $153m Fund VII final close appeared first on AltAssets Private Equity News.

Capital 84
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Dan Ives Predicts an Apple "Supercycle" With the New AI-Optimized iPhone. What Could This Mean for the Stock?

The Motley Fool

When longtime tech sector analyst Dan Ives of Wedbush speaks, investors tend to listen. He's one of the more prominent voices in stock punditry, and more than a few of his calls have proved to be accurate. So the market noticed when Ives waxed bullish on the next phase of Apple 's (NASDAQ: AAPL) development, which he believes will be an upgrade "supercycle" starting with the just-introduced iPhone 16.

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Vista and Blackstone eye $3.2bn in private debt for Smartsheet deal

Private Equity Wire

Vista Equity Partners and Blackstone Inc are in talks with private credit lenders to secure a $3.2bn debt package to support their planned acquisition of software maker Smartsheet Inc, according to a report by Bloomberg. The report cites unnamed sources familiar with the deal as confirming that the private equity firms are reportedly seeking a $2.9bn recurring revenue loan and an additional $300m revolving credit facility.

Debt 86
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5 Perks of Buying Tires at Costco

The Motley Fool

Image source: Getty Images If you're a Costco member, you have the option to buy tires for your vehicle at the warehouse club. Of course, there are many different places you could go when your car needs new tires, so does it make sense to hit up Costco to get back on the road? For many people, the answer is yes. There are five major perks of buying tires at Costco, and you should consider these big advantages when deciding where to buy. 1.

Legal 245
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Castlelake to sell $5bn aircraft portfolio to Avolon

Private Equity Wire

Castlelake, a global alternative investment firm specialising in asset-based investments, is to sell a $5bn portfolio of 118 aircraft – including narrowbody, widebody, and regional jets– to aviation finance company Avolon. The transaction is expected to close in the first quarter of 2025. The portfolio is held by Castlelake Aviation Limited (CA Ltd), which was established in 2021 to finance modern, fuel-efficient aircraft, and has rapidly grown to hold more than $5vbn in assets.

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Occidental Petroleum Is Getting Up to $650 Million to Accelerate Its Ability to Capture This Potentially $5 Trillion Market Opportunity

The Motley Fool

Occidental Petroleum (NYSE: OXY) has long been a leader in using carbon dioxide in its oil business. It injects the greenhouse gas into underground oil reservoirs in the Permian Basin to boost the production of those legacy fields through a technique known as enhanced oil recovery (EOR). The oil company is now leveraging that expertise to become an early leader in carbon capture and sequestration (CCS).

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Apollo makes move into bank-dominated high-grade debt market

Private Equity Wire

Private equity giant Apollo is making a push into the high-grade debt market, an area long controlled by traditional banks, steered by former UBS, Swiss Re, and the World Bank executive Jamshid Ehsani, who joined the firm in 2010, according to a report by the Financial Times. Ehsani originally focused on purchasing life insurance policies, but is now playing a pivotal role in Apollo’s push to fund major multinational corporations as the firm’s Global Head of Principal Structured Finance.

Debt 85
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Have Credit Card Debt? Don't Expect the Fed's Interest Rate Cuts to Help

The Motley Fool

Image source: Getty Images Credit cards are an expensive form of debt. The average interest rate (APR) on a credit card account that doesn't have some sort of 0% APR promotional rate is 22.76%, according to the latest Federal Reserve data. This is just shy of an all-time high. The good news is that the Federal Reserve is expected to reduce benchmark interest rates in September for the first time since 2020, and credit card interest rates are directly tied to the Fed's moves.

Debt 244
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Are Your Books Ready for Year-End?

XY Planning Network

Keeping up with bookkeeping is mandatory for tax & regulatory compliance, informed decision-making, and accurate financial tracking. Your business could be audited at any point in the year, and having up-to-date books is essential to passing that audit. And remember, the earlier, the better to avoid the last-minute frenzy.

Taxes 77
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You Won't Believe What Nvidia CEO Jensen Huang Just Said

The Motley Fool

Fool.com contributor Parkev Tatevosian discusses what these comments could mean for Nvidia (NASDAQ: NVDA) stock investors. *Stock prices used were the afternoon prices of Sept. 11, 2024. The video was published on Sept. 13, 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, 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 Nvidia wasn’t one of them.

Returns 243
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Powerful LP re-ups see Growth Catalyst Partners beat hard cap with $360m Fund III close

AltAssets

Growth Catalyst Partners has beaten its LP hard cap for its third fundraise by bringing in $360m at its final close. The post Powerful LP re-ups see Growth Catalyst Partners beat hard cap with $360m Fund III close appeared first on AltAssets Private Equity News.

Funds 75
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3 Reasons Costco Might Revoke Your Membership

The Motley Fool

Image source: Getty Images A Gold Star Costco membership costs $65 a year thanks to a recent fee hike on Sept. 1, while an Executive membership costs $130 a year. For some people, these fees aren't worth paying. But if you love shopping at Costco and go there often, then it could be well worth the $65 or $130 to give yourself access to the store. What you spend on a membership, you might more than make up for in the form of money saved throughout the year.

Returns 242
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LGT Capital said to strike $7bn for hefty new flagship secondaries fundraise

AltAssets

LGT Capital Partners has reportedly reached $7bn for its latest flagship secondaries fund, a huge jump compared to its $4.5bn predecessor vehicle. The post LGT Capital said to strike $7bn for hefty new flagship secondaries fundraise appeared first on AltAssets Private Equity News.

Capital 74
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Social Security's 2025 COLA: Retirees in These 10 States Will Get the Smallest Raises Next Year

The Motley Fool

Americans have ranked inflation as their most pressing financial concern for the last three years, according to Gallup. So, Social Security recipients are eager for details about the cost-of-living adjustment (COLA) that will be applied to their benefits in 2025. Specifics will be forthcoming once the Labor Department releases September inflation data on Thursday, Oct. 10, at 8:30 am ET.

Funds 242
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Pantheon makes trio of senior appointments

Private Equity Wire

Global private markets investor Pantheon made three senior additions to its team with the appointment of Arnab Mazumdar as Partner and Chief Data & Innovation Officer, and two new Managing Directors, Christian D’Amico and Brian Hanson. Mazumdar will focus on digital and data innovation across the firm and will lead and evolve Pantheon’s digital transformation strategy, including the firm’s data capabilities and analytics.

Assets 57
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1 Top Cryptocurrency to Buy Before It Soars 22,000%, According to This Billionaire

The Motley Fool

Few individuals have become such vocal advocates for Bitcoin (CRYPTO: BTC) as Michael Saylor, CEO of MicroStrategy (NASDAQ: MSTR). As a self-proclaimed Bitcoin evangelist, Saylor's belief in the cryptocurrency is so strong that his company has shifted its strategy to replace cash reserves with Bitcoin. To many, this decision appears bold, even risky, but Saylor's recent interview with CNBC sheds light on his rationale.

Assets 242
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‘Quality is eroding’ — fund managers bemoan lack of choice in UK stock market

Financial Times M&A

Rise in foreign takeovers and shortage of IPOs reduce pool that investors can select from

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Here's Why Playing It Too Safe With Your Retirement Savings Could Be a Dangerous Mistake

The Motley Fool

The dangers of taking huge risks with your retirement savings are pretty well known. If you try to get rich quick by investing big in a cryptocurrency you think will go to the moon, you run the risk of losing a huge chunk of your savings if things don't work out. That could set you back years and may have a substantial effect on your quality of life in retirement.

Funds 241
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RWM 11th Anniversary (Steel)

The Big Picture

It’s hard to believe that it has been only 11 years since we launched RWM… I am in Huntington Beach, California at at FutureProof 2024 — I’ll get some photos up later this week — but I don’t have time to get lost in any nostalgia If you are interested in our history , check out any of the links below — or my or Josh ‘s announcements when we launched.

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Warren Buffett Is Doing This for the 1st Time in 20 Years. Should Investors Be Worried?

The Motley Fool

Warren Buffett follows a routine. He gets plenty of sleep each night. He wakes up at the same time each morning. He drinks a can of Coca-Cola to kick off the day. He reads voraciously, including newspapers and companies' financial reports. But Buffett is now doing something for the first time in 20 years. And it could be concerning to many investors.

Investors 238
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Electricity infrastructure is the next play for AI investors

Financial Times: Moral Money

Power and battery providers offer another way to ride the AI wave

Investors 108
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3 High-Yield Dividend Stocks Down by More Than 39% to Buy Now and Hold at Least a Decade

The Motley Fool

With the major stock market indices up near all-time highs, finding stocks that pay satisfying dividend yields isn't nearly as easy as it used to be. Before you give up, though, consider Brookfield Renewable Partners (NYSE: BEP) , Royalty Pharma (NASDAQ: RPRX) , and Bristol Myers Squibb (NYSE: BMY). Since 2020, these three dividend payers have increased their quarterly payouts between 22.7% and 40% higher.

Stakes 236
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Celebrating Grace Kvantas Achieving the CDFA® Certification to Enhance Divorce Financial Guidance

Financial Symmetry

We are excited to announce that Grace Kvantas has recently achieved the Certified Divorce Financial Analyst (CDFA®) certification. This accomplishment underscores Grace’s unwavering commitment to providing exceptional financial support and clarity to individuals navigating the complexities of life, including divorce. … Continued The post Celebrating Grace Kvantas Achieving the CDFA® Certification to Enhance Divorce Financial Guidance appeared first on Financial Symmetry, Inc.

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Remodeling Your Home? Check Costco First

The Motley Fool

Image source: Getty Images As the owner of a century-old home (built in 1917), I'm no stranger to home updates and repairs. Since moving in, we've rebuilt our garage, replaced the driveway, and installed new light fixtures. We're also looking at replacing the sticky windows, installing an ensuite bathroom, and considering a standby generator. While researching those upcoming updates, I landed on the Costco website and was pretty impressed by its offerings.

Taxes 236