The Motley Fool
JULY 25, 2024
Higher costs and weak pricing caused United Parcel Service (NYSE: UPS) to miss expectations in the second quarter, and left analysts reconsidering the company's prospects for the quarters to come. Shares of UPS were down 11% for the week as of midday Thursday, according to data provided by S&P Global Market Intelligence , as investors react to reset expectations.
FinSMEs
JULY 25, 2024
GEOH, an Indianapolis, IN-based provider of end-to-end software solutions for home care, raised $3M in Seed Plus funding. The round was led by Boomerang Ventures, contributing $2M, with participation from VisionTech Partners, First Leaf Capital, Digital Venture Partners, and individual investors. The company intends to use the funds to support strategic M&A opportunities and the […] The post GEOH Raises $3M in Seed Plus Funding appeared first on FinSMEs.
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The Motley Fool
JULY 25, 2024
No company in the last year has captured the attention of the investing world quite like Nvidia (NASDAQ: NVDA). The chipmaker dominated headlines as its stock price more than doubled since January, and with good reason; it's proven itself as one of the most important and central companies in the artificial intelligence (AI) boom -- a role that has allowed it to rake in dizzying amounts of cash.
FinSMEs
JULY 25, 2024
DocketAI, a San Francisco, CA-based AI revenue enablement startup, raised $15M in Series A funding. The round was led by Mayfield and Foundation Capital, with participation from additional investors. The company intends to use the funds to expand operations and its development efforts. Founded by Arjun Pillai, former Chief Data Officer at ZoomInfo, and Anoop Thomas Mathew, […] The post DocketAI Raises $15M in Series A Funding appeared first on FinSMEs.
The Motley Fool
JULY 25, 2024
Image source: Getty Images In 2023, the average U.S. credit score was 715, according to Experian, one of the three credit reporting bureaus. For context, a 715 is considered a good score, but it's not particularly high. Credit scores range from 300 to 850 under the FICO model, which is the one most commonly used. FICO® Scores of 740 to 799 are considered very good, while scores of 800 or more are considered exceptional.
FinSMEs
JULY 25, 2024
Applied Intuition, a Mountain View, CA-based vehicle software supplier, raised over $300M in Secondary round. The company added Fidelity Management & Research Company as a new investor as existing investors General Catalyst, BOND, Lux Capital and Elad Gil also participated. The secondary round follows Applied Intuition raising a $250 million Series E announced back in March.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
FinSMEs
JULY 25, 2024
4D Medicine, a Nottingham, UK-based company developing biomaterials for 3D printed implants and surgical devices, raised $3.4M in Series A funding. The round was led by Oshen Holdings and backed by DSW Ventures, SFC Capital, Boundary Capital and private investors including scientists and surgeons. The company intends to use the funds to complete pre-clinical testing […] The post 4D Medicine Raises £3.4M in Series A Funding appeared first on FinSMEs.
The Motley Fool
JULY 25, 2024
Vertex Pharmaceuticals (NASDAQ: VRTX) is trading near a record high after climbing about 20% so far this year, and delivering a triple-digit gain over three years. So, you may be a bit hesitant about buying shares of or reinforcing your position in this high-flying biotech company. But just because a stock has climbed a lot, and trades around its highest level ever, doesn't mean it's overpriced or has reached its full potential.
FinSMEs
JULY 25, 2024
deepc, a Munich, Germany-based company behind AI operating systems for radiologists and enterprise clinical organizations, closed its Series A with a $13M extension funding. The round, which brought the total amount to $30M, was led by Sofinnova Partners and Bertelsmann Investments, with participation from new investors KHP Ventures and SwissHealth Ventures, alongside existing investor Winning Mindset […] The post deepc Closes Series A With $13M Extension Funding appeared first on FinSMEs.
The Motley Fool
JULY 25, 2024
Stock of Ford Motor Company (NYSE: F) , one of America's Big Three automakers , collapsed 16.7% through 12:45 p.m. ET Thursday after the company reported a huge earnings miss last night. Analysts had forecast Ford would earn $0.68 per share on $44 billion in Q2 sales. While Ford exceeded the revenue number easily, with $47.8 billion in quarterly sales, profits came in short of expectations at just $0.47 per share.
FinSMEs
JULY 25, 2024
Hong Kong, Hong Kong, 25th July 2024, Chainwire The post Social Infrastructure OpenSocial Protocol receives $6 million strategic backing led by Framework Ventures and North Island Ventures to fuel community apps appeared first on FinSMEs.
The Motley Fool
JULY 25, 2024
Being at the cutting edge of an industry revolution can come with massive rewards, and also massive risk. That's never been more clear than within the electric vehicle (EV) industry, as Tesla has proven a first-mover advantage can power a company's stock higher for years. At the other end of that spectrum is Fisker, which crumbled under the weight of massive cash burn and consistent production problems.
FinSMEs
JULY 25, 2024
Navigantis, a Miami, FL-based provider of an interventional robotic platform, raised $12M in Series A funding. The round was led by Puma Venture Capital, with participation from Cormorant Asset Management and Mirae Asset Capital. All its existing investors also participated. Amit Hazan, Founder and Managing Partner at Puma Venture Capital will join NAVIGANTIS Board of Directors. […] The post NAVIGANTIS Secures $12M in Series A Funding appeared first on FinSMEs.
The Motley Fool
JULY 25, 2024
Coming a few days after a mixed earnings report from rival Verizon Communications , AT&T 's (NYSE: T) second-quarter report suffered from a similar problem. Wireless customers have been slow to upgrade their smartphones, leading to lower equipment revenue for the wireless leaders. AT&T saw equipment revenue drop 5.8% year over year in the second quarter, enough to cause the company to miss analyst expectations.
A Wealth of Common Sense
JULY 25, 2024
My colleagues Dan LaRosa and Cameron Rufus joined me on the show this week to discuss questions about how to find the best auto insurance rates, owner-only defined benefit plans, finding clients as a financial advisor and how much of your portfolio should be in alternative investments. Further Reading: When is Mean Reversion Coming in the Stock Market The post What’s the Worst Long-Term Return For U.S.
The Motley Fool
JULY 25, 2024
Image source: The Motley Fool/Upsplash A business credit card can be a great financial tool for small business owners. You can use these credit cards to pay for everyday business expenses, access valuable perks that help you run your business better, and earn rewards when you make necessary purchases. If you're considering getting your first small business credit card, you may need help deciding what features to prioritize.
AltAssets
JULY 25, 2024
KKR has acquired Marmic Fire & Safety, a provider of regulation-mandated fire equipment inspection, testing and maintenance services, from HGGC. Marmic specializes in the inspection, testing, and maintenance of fire protection equipment for more than 56,000 customers across the commercial, industrial, multi-family, education, government, and healthcare end markets in the US.
The Motley Fool
JULY 25, 2024
Until recently, CrowdStrike (NASDAQ: CRWD) stock was trading at record highs. The success of its endpoint security product was driving greater use of its Falcon platform -- and more interest from investors, who had pushed its valuation to stratospheric levels. However, investors began to question their thesis after a software update for its Microsoft- based systems led to a massive global IT outage.
Private Equity Wire
JULY 25, 2024
Agellus Capital, a lower middle-market private equity firm focused on B2B, non-discretionary consumer, supply chain and infrastructure services, has closed its debut fund, Agellus Capital Private Equity Fund I, with total limited partner capital commitments of $400m. The fund was oversubscribed and surpassed its $350m target. It received commitments from endowments and foundations, global financial institutions, insurance companies, family offices, sovereign wealth funds, as well as founders, ex
The Motley Fool
JULY 25, 2024
A few years ago, if you had asked me to call out the best retirement savings account in existence, I probably would've pointed to the Roth IRA. Roth IRAs are loaded with benefits -- ones that can make retirement easier financially. With a Roth IRA, you get to enjoy tax-free gains in your account as well as tax-free withdrawals. Think about how stressful taxes are in your life right now.
AltAssets
JULY 25, 2024
Nuveen investment arm Churchill Asset Management has brought in Robert Paun as head of investor relations, for retail and wealth. The post Nuveen investment arm Churchill AM brings in Paun as head of IR for retail, wealth first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 25, 2024
Aerospace giant RTX (NYSE: RTX) reported better-than-expected quarterly results and raised its guidance for the year. Investors are climbing on board, sending RTX shares up 9% as of noon ET. Commercial aerospace is soaring RTX, formerly known as Raytheon Technologies, is a maker of commercial aircraft engines and interiors and a major supplier to the Pentagon.
Private Equity Wire
JULY 25, 2024
Dutch firm Waterland Private Equity has made an investment in Beyond Law Group, which is intended to support the law firm’s growth through recruitment, the expansion of existing practices as well as acquisitions of niche practices. Beyond Law Group was established in 2017 and has offices in Manchester, Cheshire and London, employing around 100. The company creates and manages specialist legal practices including Beyond Corporate, McAlister Family Law and more recently Home Property Law.
The Motley Fool
JULY 25, 2024
Fool.com contributor Parkev Tatevosian previews Intel 's (NASDAQ: INTC) upcoming earnings release. *Stock prices used were the afternoon prices of July 21, 2024. The video was published on July 23, 2024. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, 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 Intel wasn’t one of them.
Private Equity Wire
JULY 25, 2024
21 Invest, the private equity firm led by Italian businessman Alessandro Benetton, is weighing up a potential sale of Italian eye-care company Sifi after nearly a decade of ownership, according to a report by Bloomberg citing sources familiar with the matter. 21 Invest has reportedly enlisted the services of Mediobanca and Evercore Inc to explore potential interest in Sifi, with the firm expected to initiate the sale process after the summer, targeting both larger healthcare companies and privat
The Motley Fool
JULY 25, 2024
Image source: Getty Images As living costs continue to rise, you may feel financial stress. You're not alone. It can be challenging to navigate life when prices keep increasing, yet your income stays the same. But I have some good news: You could boost your earnings in your free time. Let me share a few easy ways to make extra money so you feel less worried about your finances. 1.
Private Equity Wire
JULY 25, 2024
Private equity firms Clayton Dubilier & Rice and Permira have made a bid to acquire French cybersecurity specialist Exclusive Networks, in a deal that values the company at approximately €2.2bn ($2.4bn), according to a report by Bloomberg. The binding offer is for €24.25 per share, which represents a 34% premium over the stock’s value in March, when reports indicated Permira, the controlling shareholder, was contemplating a privatisation.
The Motley Fool
JULY 25, 2024
Artificial intelligence (AI) has emerged as one of the most transformative technologies of our time, with applications spanning nearly every industry imaginable. From autonomous vehicles to drug discovery and content creation, AI is reshaping the way businesses operate and innovate. This technological revolution presents a unique opportunity for investors looking to capitalize on the growth potential of AI-driven companies.
Blackstone
JULY 25, 2024
“It’s a great time to be investing,” says Blackstone President Jon Gray. He discusses healing across capital markets, the bottoming in real estate values, and how Blackstone is investing in the superhighways of AI infrastructure. Stay up-to-date Sign up for our latest insights and firm announcements. Email Address* First Name* Last Name* Company Job Title By submitting this request, you consent to receive email from Blackstone.
The Motley Fool
JULY 25, 2024
I'm sure most avid basketball fans can remember when "AI" was used to describe NBA great Allen Iverson. Nowadays, when you hear AI, the first thing many people think about is artificial intelligence (AI). It makes sense, too, when you consider just how prominent AI-related news has been over the past couple of years. AI has been around for a while, but recent developments and the success of generative AI applications like ChatGPT have brought it to the forefront of many businesses.
Private Equity Wire
JULY 25, 2024
3i Group is to sell its investment in Weener Plastics, a plastic packaging provider, to Silgan Holdings. Proceeds to 3i are estimated to be around £283m, which represents an approximately 21% uplift on its 31 March valuation. Including the £45m of proceeds already received, this represents a 2.2x return on invested capital, according to a press statement.
The Motley Fool
JULY 25, 2024
One particular aspect of the outage caused by a CrowdStrike software update is that it didn't affect software running on Linux or Apple' s Mac OS operating systems. Instead, the software impacted by the service interruption was produced by Microsoft (NASDAQ: MSFT). That could affect perceptions about the software giant. Even though it has directed investors to focus on its cloud and artificial intelligence (AI) products, Microsoft's Windows OS runs a large percentage of the world's IT infrastruc
Private Equity Wire
JULY 25, 2024
Volpi Capital, a technology investor in the European lower mid-market, has held the final close of Volpi Capital Investments III with €428m in total capital commitments. Fund III will work with founders and management teams across Europe in B2B software and services businesses. Volpi typically invests €25m-100m of equity in companies with enterprise values between €50m and €200m.
The Motley Fool
JULY 25, 2024
Shares of Verizon Communications (NYSE: VZ) were falling after the wireless company reported mixed second-quarter earnings results. Its stock remains up more than 20% over the past year, but it is now up only modestly year to date, underperforming the strong year-to-date performance of the S&P 500. Let's take a closer look at Verizon's most recent results, its valuation and dividend, and whether now is a good time to buy the stock on this recent dip.
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