Thu.Aug 08, 2024

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Comcast and Charter Lost Another 269,000 Broadband Customers Last Quarter. Where On Earth Are They Going?

The Motley Fool

The cable television industry's cord-cutting conundrum is nothing new. People have been steadily canceling their cable service since 2013, in fact. Cable companies have largely been offsetting this customer attrition by growing the very business that's slowly killing cable TV. That's high-speed internet -- or broadband -- which makes it possible to pipe other sources of video entertainment into your home.

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The Opportunity Cost of Market Timing in T-Bills

A Wealth of Common Sense

Mr. Roth IRA himself, Bill Sweet, joined me again to discuss questions about credit unions vs. banks, how the wash sale rule works, student loan forgiveness vs. tax filing status, tax implications from the sale of a rental property and index funds vs. financial advisors. Further Reading: The Siren Song of Market Timing 1I’m using 10 year Treasuries as my bond proxy here.

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Mortgage Rates Just Plunged to Their Lowest Level in More Than a Year. Is Now the Time to Buy?

The Motley Fool

Image source: Getty Images If you've been tracking mortgage rates in the hopes of seeing them fall, here's some good news. The average rate on a 30-year mortgage recently dropped from 6.73% to 6.47%. That's the lowest rate since May 2023. But does this recent plunge in mortgage rates mean you should rush into homeownership before the summer wraps up?

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New Water Sells Trillium to Rebranded Avista

Private Equity Professional

New Water Capital has sold Trillium Health Care Products , a contract development and manufacturing organization (CDMO), to Avista Healthcare Partners. Trillium is a short and medium production run contract manufacturer and formulator of prescription and over-the-counter products in solid, semi-solid, and liquid dosage forms. The company’s product categories include gastrointestinal remedies, cough and cold medications, antiseptic ointments, suppositories, nasal sprays, allergy relief products,

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3 Unexpected Reasons 62 Is the Best Age to Claim Social Security

The Motley Fool

You have a choice of when to claim Social Security, and 62 is the youngest age at which benefits become available. However, you'll most likely hear experts tell you not to start your checks at 62 because doing so can substantially reduce your benefits. While it is true that getting checks at 62 means each payment will be a lot smaller, there are actually some surprising reasons why getting your benefits started ASAP could be the right move.

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Incline Exits ASP Global

Private Equity Professional

After a 4.5 year hold and four add-on acquisitions, Incline Equity Partners has sold ASP Global , a medical products distributor, to Platinum Equity. ASP sells more than 3,400 SKUs of products to health systems, labs, group purchasing organizations (GPOs), and integrated delivery networks (IDNs). ASP’s consumable products—sourced from more than 150 factories in 15 countries—are sold under six categories: lab supplies, blood collection, wound and injury protection, critical care, staff apparel, a

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L Squared Continues Heavy Lifting at Crane 1

Private Equity Professional

Crane 1 Services , a portfolio company of L Squared Capital Partners , has acquired Standard Crane & Hoist. Standard Crane is a provider of overhead crane inspections, repairs and maintenance, parts, and new cranes with eight locations across Louisiana, Mississippi, and Texas. The company is headquartered near New Orleans in Destrehan, Louisiana.

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Prediction: These 3 Changes Are Coming to Social Security in 2025

The Motley Fool

The Social Security Act was signed into law in August of 1935. Regular ongoing monthly benefits started going out in early 1940. Since then, Social Security has served as a steady source of retirement income for millions of older Americans. But even though the program has been around for more than 80 years, its rules can change on an annual basis. In fact, even though the Social Security Administration has not yet announced any official changes for 2025, there's reason to believe a shake-up is r

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Bansk Group to Buy PetIQ at $1.5 billion Valuation

Private Equity Professional

Bansk Group has agreed to acquire PetIQ , a provider of pet focused medication, health and wellness services, in a transaction valued at approximately $1.5 billion. PetIQ has two operating segments. Its products segment includes prescription medications, over-the-counter treatments, and health and wellness products sold under the PetArmor, VetIQ, and Sentry brands; and its services segment provides veterinary care through community clinics, wellness centers, and partnerships with retail location

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Warren Buffett's Berkshire Hathaway Just Dumped Half Its Stake in Apple Stock. What Investors Need to Know

The Motley Fool

Companies that make coin by holding stock in publicly traded businesses buy and sell for their portfolios constantly, and very few make waves when they do so. Rockstar investor Warren Buffett is a major exception. When Buffett and his crew buy or sell a title, the move creates waves on the stock exchange. That goes double for their latest action -- a massive reduction in the Apple (NASDAQ: AAPL) position held in the bulging equity portfolio of Buffett's investment vehicle, Berkshire Hathaway (NY

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Private Credit: From Mid-Market to Real Economy Financier

Blackstone

A powerful shift is underway in credit markets as private lenders partner with banks to finance real economy assets. This long-term secular trend has helped private credit markets expand rapidly, but we believe that we’re still in its early innings. In our view, there’s a $25 trillion-plus opportunity ahead that can continue to drive tremendous growth and opportunity for our clients.

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The Trade Desk (TTD) Q2 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. The Trade Desk (NASDAQ: TTD) Q2 2024 Earnings Call Aug 08, 2024 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings. Welcome to The Trade Desk second quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

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Flyr Raises $295M in Funding

FinSMEs

Flyr, a San Francisco, CA-based technology company for the travel industry, raised $295M in funding. The $225m Series D round was led by WestCap and included investments from Avianca, BlackRock, Streamlined Ventures, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). In addition, Flyr received an additional $70m in credit led by […] The post Flyr Raises $295M in Funding appeared first on FinSMEs.

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3 Stocks That Could Help You Get Richer in 2024

The Motley Fool

On Aug. 5, global stock markets crashed for a variety of reasons, including a weakening U.S. economy, geopolitical tensions, and a complicated investing issue called the " yen carry trade." In short, there's a lot of leverage in the investing world. And as certain things deteriorate, investors are forced to sell their stocks, which drives prices down.

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Rewst Raises $45M in Funding

FinSMEs

Rewest, a Tampa, FL-based provider of an automation platform for managed service providers, raised $45M in funding. The round, which brought the total raised to $104m, was led by Sapphire Ventures, with participation from existing investors Meritech Capital and OpenView. The company intends to use the funds to accelerate the pace of innovation for its RPA […] The post Rewst Raises $45M in Funding appeared first on FinSMEs.

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Coca-Cola Is a Rock-Solid Dow Dividend Stock, but So Is This Dividend King That Plans to Pay $10 Billion in Dividends Over the Next Year.

The Motley Fool

It's been a volatile week or so for Procter & Gamble (NYSE: PG) , which fell up to 6% in response to its fourth-quarter fiscal 2024 results, only to make up those losses and rise to near an all-time high. It's a lesson in why knee-jerk reactions to quarterly earnings can be misleading. Here's a breakdown of where P&G stands, what it expects from fiscal 2025, and why the dividend stock is worth buying now.

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‘Cash is king’: Why Glencore kept faith with coal

Financial Times: Moral Money

Chief Gary Nagle is accused of using shift in investor attitudes on ESG as smokescreen for dropping plans to ditch coal business

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Billionaires Are Selling Nvidia and Buying These 2 Superb Artificial Intelligence (AI) Stocks Instead

The Motley Fool

Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks over the past couple of years, literally adding trillions of dollars in value to its shareholder's portfolios. Several big hedge fund managers were among those investors who made a lot of money by investing early in Nvidia. But now they're starting to take their chips off the table and place bets in a couple of other incredible artificial intelligence (AI) stocks.

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AmorSui Raises $3.5M in Seed Funding

FinSMEs

AmorSui, a NYC-based modern personal protective equipment (PPE) brand dedicated to protecting people and the planet, raised $3.5M in Seed funding. Investors included Gold House Ventures, The MBA Fund, and The Rev Up Fund to name a few. The company intends to use the funds to accelerate product innovation, expand market presence, and develop an […] The post AmorSui Raises $3.5M in Seed Funding appeared first on FinSMEs.

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Missed Out on Nvidia? Buy AMD Stock Instead.

The Motley Fool

Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have enjoyed contrasting fortunes on the stock market in 2024 so far. While one of these semiconductor stocks delivered stellar gains, the other has not received much love on Wall Street. Nvidia stock is up more than 116% in 2024, while AMD has underperformed the PHLX Semiconductor Sector index by a wide margin.

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Kremlin rejects Budweiser owner AB InBev’s plan to exit Russia

Financial Times M&A

Authorities tell brewer’s joint venture partner Anadolu Efes ‘the current structure of the transaction has not been approved’

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Why Beyond Meat Stock Is Sizzling Today

The Motley Fool

Plant-based meat maker Beyond Meat 's (NASDAQ: BYND) second-quarter numbers were anything but good. One of them was better than expected, however, and that was good enough for investors today. Data from S&P Global Market Intelligence indicates that as of 3:30 p.m. ET Thursday Beyond Meat shares are up 24.6%. The question is, does this move mark the beginning of a prolonged recovery?

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Hargreaves Lansdown agrees £5.4bn takeover

Financial Times M&A

Private equity firms offer £11.

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This Incredibly Cheap Artificial Intelligence (AI) Stock Could Be About to Go on a Bull Run

The Motley Fool

Artificial intelligence (AI) is having a positive impact on multiple industries across the globe, and the smartphone market is one of them. The advent of generative AI has started giving smartphone sales a nice lift following a difficult couple of years when shipments fell. The smartphone market contracted 11% in 2022, which was followed by a 3.2% decline last year.

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Up the Stairs, Down the Shaft: The Tale of a Tumbling Market

Dear Mr. Market

Dear Mr. Market: Ah, Mr. Market , you’ve never been one for subtlety, have you? We’ve all grown accustomed to your erratic behavior, but these past few weeks, you’ve outdone yourself. The dizzying heights we’ve climbed recently have turned into a sharp, gut-wrenching descent. It’s like we were steadily walking up the stairs, only to realize we were stepping into an elevator shaft, and now gravity is having its way with us.

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1 Stock-Split AI Stock to Buy Before It Soars 185%, According to a Wall Street Analyst

The Motley Fool

Server manufacturer Super Micro Computer (NASDAQ: SMCI) hit its stride last year as demand for artificial intelligence (AI) hardware built momentum. The stock has surged 550% since January 2023, and the company has been added to the S&P 500 and Nasdaq-100 indexes. Supermicro reported somewhat disappointing financial results earlier this week, which sent the stock into a tailspin.

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KKR plans $4bn Fuji Soft take-private deal

Private Equity Wire

US private equity major KKR is planning to take Japanese systems developer Fuji Soft private in a deal valued at around JPY600bn ($4.13bn), according to a report by NikkeiAsia citing unnamed sources familiar with the matter. The move comes amid pressure from Fuji Soft’s largest shareholder, Singapore-based 3D Investment Partners, which holds a 21.45% stake in the business.

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Why Doesn't Costco Discount Its Memberships?

The Motley Fool

Image source: Getty Images If you're looking to join Costco , it pays to do so as soon as possible. Right now, the cost of a basic Costco membership is $60, but that fee is rising to $65 starting Sept. 1. Similarly, come September, the cost of an Executive membership that gives you 2% cash back on your purchases is rising from $120 to $130. If you're a student, senior, or new customer looking to join Costco for the first time, you may be wondering if it's possible to get a discounted membership.

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Bridgepoint sells Vitamin Well stake

Private Equity Wire

Private asset manager Bridgepoint has exited its majority investment in sports nutrition company Vitamin Well with a sale to international private equity firm Cinven, which is now the company’s largest shareholder and lead investor. Bridgepoint will retain a significant minority shareholding in Vitamin Well. Established in 2008 and headquartered in Stockholm, Vitamin Well employs around 500 and manages the brands Vitamin Well (vitamin and mineral-enriched drinks), NOCCO (performance energy

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This Top Oil Stock Continues to Send Investors More Cash

The Motley Fool

Devon Energy (NYSE: DVN) has transformed into a low-cost oil producer over the years. It has jettisoned high-cost operations and recycled that capital to grow its higher-returning assets. This strategy continues to pay big dividends for shareholders. Devon is generating lots of cash and returning much of it to its investors. The oil company's cash-generating capabilities were on full display during the second quarter.

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Platinum Equity acquires ASP Global

Private Equity Wire

Platinum Equity has acquired ASP Global, a US developer and distributor of consumable medical products for healthcare providers and distributors. Financial terms of the deal have not been disclosed. Based in Atlanta, ASP uses its global sourcing network to provide products that are customised to meet the specific needs of health systems, labs, GPOs and distributors.

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1 Spectacular AI Stock to Buy Right Now in August for Long-Term Investors

The Motley Fool

Fool.com contributor Parkev Tatevosian updates his recommendation of Palantir (NYSE: PLTR) stock. *Stock prices used were the afternoon prices of Aug. 5, 2024. The video was published on Aug. 7, 2024. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, 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 Palantir Technologies wasn’t one of them.

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TPG said to seal $580m for first life science fund, uses Rise Fund to commit to vehicle

AltAssets

TPG has reportedly raised $580m for its debut fund targeting life sciences investing - and has used its Rise Fund impact vehicle to support the vehicle. The post TPG said to seal $580m for first life science fund, uses Rise Fund to commit to vehicle first appeared on AltAssets Private Equity News. The post TPG said to seal $580m for first life science fund, uses Rise Fund to commit to vehicle appeared first on AltAssets Private Equity News.

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Prediction: QuantumScape Will Survive -- and Even Thrive

The Motley Fool

There's no lack of interest from investors regarding QuantumScape (NYSE: QS) stock. The electric vehicle (EV) battery start-up is trying to solve some of the biggest headwinds to EV sales growth. Range anxiety, charging times, and battery safety are keeping some potential EV buyers on the sidelines. If QuantumScape's solid-state battery technology solves those issues, the potential market is enormous.

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