Tue.Apr 16, 2024

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Does Your Income Make You Upper, Middle, or Lower Class?

The Motley Fool

Image source: The Motley Fool/Upsplash The amount of money you earn is impacted by many factors, including the educational achievements you have, the job you choose, and even whether you decide to get married or stay single. Your annual earnings can also impact every aspect of your life, as those who make more money will have a far easier time putting some of it into savings compared with people who are just getting by.

Education 246
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Is Auto Insurance Becoming a Crisis?

A Wealth of Common Sense

I was perusing the BLS data following the inflation release last week and one number sticks out like Victor Wembanyana standing next to a group of kindergartners. Auto insurance was up 22% over the previous 12 months versus an overall inflation rate of 3.5%. Look at the change in auto insurance rates these past few years: It’s like a meme stock.

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These 10 Side Hustles Pay an Average of $148 per Day, Research Shows

The Motley Fool

Image source: The Motley Fool/Upsplash If you want to make some extra money, starting a side hustle can be a great way to do it. It feels exhilarating and empowering to earn extra cash beyond the limits of your paycheck. And there are more ways than ever to make money with side hustles, especially if you have some in-demand professional skills. According to a recent survey from NetCredit , several U.S side hustles that companies hire for on major freelance platforms are paying over $100 per day.

Taxes 246
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Kirk Wawrzyniak Newest VP at Gridiron

Private Equity Professional

New Canaan, Connecticut-based Gridiron Capital, has promoted Kirk Wawrzyniak to vice president. Mr. Wawrzyniak joined Gridiron in 2019 as an associate and in 2022 was promoted to senior associate. Prior to joining Gridiron, he was an analyst at J.P. Morgan Securities in the firm’s consumer and retail group. Mr. Wawrzyniak has his undergraduate degree in… This content is for members only.

Capital 130
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Here's What Happens if You Claim Social Security at 62

The Motley Fool

You can claim Social Security as soon as you turn 62, and chances are good that you're eager to do so -- especially if getting those retirement benefits would enable you to leave your job. Before you rush into filing for benefits, though, you should be aware of the potential downsides. Here's exactly what happens if you start claiming Social Security at 62 so you can decide if it's right for you.

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Huron Builds Electrical Services Platform

Private Equity Professional

Criticore, a portfolio company of Huron Capital, has acquired Jenco, a provider of commercial electrical contractor services. Jenco services include electrical retrofit, repair, and preventative maintenance services which are provided to commercial customers across the metropolitan Phoenix area. The company was founded by Kelly Anderson and is headquartered in Scottsdale, Arizona.

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Behrman Acquires Vista Apex from Inverness Graham

Private Equity Professional

Behrman Capital has acquired Vista Apex, a manufacturer of dental consumables for endodontic, restorative and periodontic dentistry, from Inverness Graham Partners. Inverness Graham acquired Vista Apex (then Vista Dental) in June 2018 through its third fund and added-on to the platform with the buys of Illinois-based Apex Dental Materials in 2019, New Jersey-based Palisades Dental… This content is for members only.

Capital 130
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Bank of America (BAC) Q1 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Bank of America (NYSE: BAC) Q1 2024 Earnings Call Apr 16, 2024 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, everyone, and welcome to the Bank of America earnings announcement. [Operator instructions] Please note, this call may be recorded. [Operator instructions] It is my pleasure to turn the conference over to Lee McEntire of Bank of America.

Banks 246
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Benford Sees Fair Weather at R.M. Young

Private Equity Professional

Benford Capital Partners (BCP) has acquired R.M. Young Company, a manufacturer of meteorological instrumentation. R.M. Young’s products include equipment used to measure wind speed and direction, temperature, humidity, precipitation, pressure, visibility, and other environmental parameters. Specific company products include ultra-sonic and propeller anemometers, temperature and relative humidity sensors, radiation shields, humidity sensors, rain gauges, barometers,… This content is for mem

Capital 130
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1 Wall Street Analyst Thinks Tesla Stock Is Going to $120. Is It a Sell?

The Motley Fool

There's hardly a better way for an analyst to signal his or her bearishness on a stock than to cut their price target more than once. This happened recently with the beleaguered electric vehicle (EV) pace-setter Tesla (NASDAQ: TSLA). In mid-April, a prognosticator from a major U.S. bank got out his scissors for the second time in less than one month.

Banks 246
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Cynomi Raises $20M in Funding

FinSMEs

Cynomi, a Tel Aviv, Israel-based vCISO platform provider for MSPs and MSSPs, raised $20M in funding. The round was led by Canaan, with Flint Capital, s16vc, and Aloniq among the return investors. The company intends to use the funds to further enhance its international expansion efforts, its platform offerings, and empower partners to overcome the […] The post Cynomi Raises $20M in Funding appeared first on FinSMEs.

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2 Artificial Intelligence (AI) in Healthcare Stocks to Buy and Hold for Great Long-Term Potential

The Motley Fool

Artificial intelligence (AI) has caught the eye of investors because of its potential to transform many industries, and the biggest impact could be in the area of healthcare. That's because this technology could solve the No. 1 problem of drug development, the lengthy time it takes to bring a candidate from drawing board to commercialization. And it could result in better drugs and medical devices, leading to better patient outcomes.

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Upstage Raises $72M in Series B Funding

FinSMEs

Upstage, a San Jose, CA-based AI company specializing in large language models (LLMs) and Document AI, raised $72M in Series B funding. Backers included SK Networks, KT, Korea Development Bank, Shinhan Venture Investment, Hana Ventures, Mirae Asset Venture Investment, and Industrial Bank of Korea. Existing investors, such as SBVA (formerly SoftBank Ventures Asia), Primer Sazze […] The post Upstage Raises $72M in Series B Funding appeared first on FinSMEs.

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Is Dogecoin a Millionaire Maker?

The Motley Fool

Back in 2013, two software engineers created Dogecoin (CRYPTO: DOGE) -- which was named after the popular "doge" meme featuring a Shiba Inu dog -- as a playful parody of Bitcoin and other cryptocurrencies. Dogecoin didn't initially gain much attention from serious crypto investors, but a series of upgrades, big celebrity endorsements, and a fear of missing out (FOMO) caused its price to skyrocket over the past three years.

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Bridgewise Raises $21M in Funding

FinSMEs

Bridgewise, a London, UK-based provider of an AI-based analysis platform for global securities, raised $21M in funding. The round was led by SIX Group with participation from Group11, L4 Venture Builder, and others The company intend to use the funds to accelerate market penetration and growth. Led by CEO Gaby Diamant, Bridgewise has developed proprietary AI-based technology and […] The post Bridgewise Raises $21M in Funding appeared first on FinSMEs.

Funds 115
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Earning Your Full 401(k) Match? Here's Why You May Not Want to Put Any More Into Your Plan

The Motley Fool

A 401(k) can be a great retirement investment account if your employer offers one. That's because many companies that provide these plans make matching contributions. If your employer does offer a 401(k) match, you should always try to earn the full amount of funds the company will give you. But beyond that, you may want to think about not putting more money into your 401(k) and doing other things with it instead.

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Somite Raises $5.3M in Pre-Seed Funding

FinSMEs

Somite, a Boston, MA-based developer of AI for stem cell biology, raised $5.3M in Pre-Seed funding. The round was led by TechAviv, and joined by Next Coast Ventures, Trust Ventures and Texas Venture Partners as well as Lerer Hippeau and others. The company intends to use the funs to continue development of its proprietary AlphaStem […] The post Somite Raises $5.3M in Pre-Seed Funding appeared first on FinSMEs.

Funds 115
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Here's What Happens if Someone Steals From Your Bank Account

The Motley Fool

Image source: Getty Images Identity theft and hacked accounts aren't just credit card issues. They can happen with bank accounts, too. It can be alarming to check your balance only to find money missing, but fortunately, you're usually not responsible for these unauthorized transactions. The key word here is "usually." Swift action is essential to minimize the damages.

Banks 246
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Take2 AI Raises $3M in Seed Funding

FinSMEs

Take2 AI, a NYC-based provider of an AI-powered job simulation platform for sales recruiting, raised $3M in Seed funding. The round was led by Reach Capital & SemperVirens, with participation from Techstars and HR leaders from Visa, Disney, HP & Google. The company intends to use the funds to expand operations and development efforts. Led […] The post Take2 AI Raises $3M in Seed Funding appeared first on FinSMEs.

Funds 113
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Where Will Palantir Technologies Stock Be in 3 Years?

The Motley Fool

Palantir Technologies (NYSE: PLTR) is one of the more polarizing stocks in the market at present. It has been a very strong performer over the past year, up over 150%. However, that has also left it with a very hefty valuation. The case against Palantir The bearish case for Palantir largely centers around its valuation and current growth rate. The stock currently trades at forward price-to-sales (P/S) ratio of just under 19.

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Rivos Raises More Than $250M in Series A-3 Funding

FinSMEs

Rivos, a Santa Clara, CA-based RISC-V accelerated platform company targeting data analytics and Generative AI, raised more than $250M in Series A-3 funding. The round was led by Matrix Capital Management, which has joined the Board represented by Romit Shah, with participation from new investors including Intel Capital, MediaTek, Cambium Capital, CIDC, Capital TEN, and […] The post Rivos Raises More Than $250M in Series A-3 Funding appeared first on FinSMEs.

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3 Dividend Kings to Buy for the Next Decade

The Motley Fool

A dividend king is a company that has increased its dividend for 50+ consecutive years. Not all dividend kings are also dividend aristocrats because they do not meet the liquidity criteria or are not part of the S&P 500. The three dividend kings we go through today are some of the most consistent dividend payers around, one being Coca-Cola (NYSE: KO).

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Diversity Atlas Raises $6M in Bridge Funding

FinSMEs

Diversity Atlas, a Melbourne, Australia-based provider of a diversity data analytics platform, raised $6M in Bridge funding. The round was led by Genere8.VC. The company intends to use the funds to support the commercial growth of the data platform. Led by CEO and Founder Peter Mousaferiadis, Diversity Atlas uses data and a proprietary algorithm to […] The post Diversity Atlas Raises $6M in Bridge Funding appeared first on FinSMEs.

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The Ultimate Growth ETF to Buy With $500 Right Now

The Motley Fool

Growth isn't cheap in a rallying stock market. That's been a clear factor impacting investors' returns in recent months. Demand in the past year has been strongest for large tech stocks, driving the Nasdaq Composite index up a blazing 36% compared to the S&P 500 's 26% gain. That surge made growth stocks more expensive, both in absolute terms and in comparison to their value-focused peers.

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BreachRx Closes $6.5M Seed Funding

FinSMEs

BreachRx, a San Francisco, CA-based provider of an intelligent incident response platform designed for the entire enterprise, closed a $6.5m seed funding round. The round was led by SYN Ventures with participation from Overline. The company plans to use the new funding to scale its go-to-market and engineering teams. Led by Andy Lunsford, CEO and […] The post BreachRx Closes $6.5M Seed Funding appeared first on FinSMEs.

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Not Ready for an Electric Vehicle? Buy This Car in 2024

The Motley Fool

Image source: Getty Images Are you in the market to buy a car in 2024, but not sure you're ready for an electric vehicle (EV)? If you're worried about home battery charging and suffer from range anxiety, there are ways to get a good deal on a car in 2024 -- and even qualify for EV tax credits -- without committing to a fully electric vehicle. Here's a car you should consider buying in 2024: the Toyota Prius Plug-in Hybrid.

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finmid Raises €35M in Funding

FinSMEs

finmid, a Berlin, Germany-based financial infrastructure company, raised €35m in early-stage equity funding. Backers included Blossom Capital, Earlybird VC and N26-founder Max Tayenthal. The new funding will be used to continue expanding and onboarding customers across core European markets, while offering platforms more financing options and a smoother user experience.

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Should You Bother Chasing the Maximum Social Security Benefit?

The Motley Fool

The maximum monthly Social Security benefit seniors can collect in 2024 is $4,873. Over the years, that number is apt to change. But either way, you may be inclined to try to do what you can to score the highest monthly payday Social Security will dish out. It's a good plan in theory. But it's one that might leave you feeling frustrated. So rather than pushing for the highest possible Social Security benefit, here's a better plan.

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Kore Digital Mining Raises $150K in Seed Funding

FinSMEs

Kore Digital Mining, an Edinburgh, Scotland, UK-based Bitcoin mining company, raised $150K in Seed funding. Backers were not disclosed. This adds to the initial $100K raised upon creation of the company back in May 2023. The company intends to use the funds to purchase the latest innovations in mining hardware, including Led by Derek Nisbet, Founder and CEO, […] The post Kore Digital Mining Raises $150K in Seed Funding appeared first on FinSMEs.

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Billionaires Are Buying These 2 Ultra-High Yield Dividend Stocks Hand Over Fist. Are They Smart Buys for Your Portfolio?

The Motley Fool

Investors looking for stocks that can produce heaps of passive income want to look at recent activity from some of the world's most successful investors. Billionaire hedge fund manager Ken Griffin more than tripled Citadel Advisors' position in Hercules Capital (NYSE: HTGC) during the last three months of 2023. Hercules offers a yield that's more than six times the average dividend-paying stock in the benchmark S&P 500 index.

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stc Bahrain and Aleph Zero Partner to Advance Blockchain DePIN Across the Gulf Region

FinSMEs

Manama, Bahrain, April 16th, 2024, Chainwire By joining forces with Aleph Zero, stc Bahrain aims to leverage cutting-edge solutions to enhance privacy, security, and decentralization in the digital realm. stc Bahrain, a world-class digital enabler, has announced its partnership with Aleph Zero, a privacy-enhancing Layer 1 blockchain, as part of its Web3 Launchpad program.

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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

The Motley Fool

There aren't many fund managers as widely followed as Cathie Wood. The Ark Invest co-founder and CEO became a rock star in 2020 when her aggressive investing style yielded explosive returns. She has only gone on to trounce the market one more year since 2023, but when she's on, she's a force. Wood also happens to publish the daily transactions made for Ark's exchange-traded funds, giving investors a glimpse into her investing strategy.

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Loft Labs Raises $24M in Series A Funding

FinSMEs

Loft Labs, a San Francisco, CA-based creator of vCluster and DevPod and provider of platform engineering building blocks, raised $24M in Series A funding. The round was led by Khosla Ventures with participation from existing investors Fusion Fund, Surface Ventures, Emergent Ventures, and Berkeley SkyDeck Fund, with an additional angel investment from Kit Merker.

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Here's Exactly What the Average Retiree Receives in Spousal Social Security Benefits

The Motley Fool

Social Security can go a long way in retirement, and if you're married, you may be entitled to extra money each month in the form of spousal benefits. Not everyone qualifies for spousal Social Security, and how much you might receive will depend on several factors -- such as your work history, your spouse's benefit amount, and the age you begin claiming.

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