The Motley Fool

JULY 23, 2024

Millions of retirees depend on Social Security to make ends meet. Benefits are a major source of income for 60% of current retirees, according to a 2024 poll from Gallup, with an additional 28% of retirees relying on their benefits as a minor income source. It's no surprise, then, that many retirees are eagerly awaiting the annual cost-of-living adjustment (COLA) announcement.

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FinSMEs

JULY 23, 2024

Mytra, a San Francisco, CA-based three-dimensional robotics company, raised $78M in funding. Backers included Albertsons Companies. Mytra is also backed by investors, including Greenoaks, who led the company’s Series B, Eclipse, who led the previous seed and Series A rounds, in addition to Co-founder and Chairman of Okta Frederic Kerrest’s 515 Ventures, and individual investors, […] The post Mytra Raises $78M in Funding appeared first on FinSMEs.

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The Motley Fool

JULY 23, 2024

Although I typically avoid stocks in the highly competitive apparel business , I once had a more favorable view of Nike (NYSE: NKE). It developed a reputation for producing high-quality products. Also, its brands backed by celebrities such as Michael Jordan and Cristiano Ronaldo drove massive sales increases over time. Unfortunately for Nike, it made one critical misstep that caused its sales to level off -- and that, ultimately, caused its stock price to fall.

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FinSMEs

JULY 23, 2024

Gcore, a Luxembourg-based edge AI, cloud, network, and security solutions provider, raised $60M in Series A funding. The round was led by Wargaming, and with participation from Constructor Capital and Han River Partners. The company intends to use the funds to invest in its technology and platform, including AI servers empowered by NVIDIA GPUs, to […] The post Gcore Raises $60M in Series A Funding appeared first on FinSMEs.

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The Motley Fool

JULY 23, 2024

The stock market has fluctuated greatly this year. The S&P 500 is up 15% since January yet has dipped 3% since mid-July after a slight sell-off in the tech market. Tech stocks became a haven for many investors amid economic uncertainty in recent months. However, easing inflation has seen Wall Street reshuffle its investments and venture outside the long-term security of tech.

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A Wealth of Common Sense

JULY 23, 2024

Inflation went from 9% to 3% without a recession. Some people want to give all the credit to the Federal Reserve. I think they got lucky. The soft landing, or whatever you want to call it, happened despite the Fed’s best efforts to cause people to lose their jobs and throw the economy into a recession. It helped that corporations and households came into the rising rate environment prepared.

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Financing Finance 123

Private Equity Wire

JULY 23, 2024

Blackstone’s inaugural private equity fund targeting Japanese individual investors has raised $1.2bn just four months after launch, on the back of increasing interest in alternative assets in the country, according to a report by Bloomberg. The report cites data from the Japan Securities Dealers Association as showing that the dollar-denominated Blackstone Private Equity Strategies Investment Trust achieved the milestone by the end of June.

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The Motley Fool

JULY 23, 2024

Social Security is a very important source of income for many U.S. seniors. It's helpful to understand just how much it pays older Americans who may rely on it to help them pay for the necessities. The Social Security Administration publishes data on the amount it pays out to its beneficiaries, so it's easy to see how much retirees are earning. When you take a look at the numbers, though, they may come as a shock since the amount the average retiree gets each month may be far lower than many wou

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Indigo Marketing Agency

JULY 23, 2024

If I went to your website right now, would it pass the 5-second test? Would I be able to immediately discern: Who you are? What you do? Who you do it for? And most importantly—why someone should choose you? Then, would I know what they should do next after visiting ? When envisioning your firm’s next website, it’s easy to articulate its purpose and desired ambiance.

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The Motley Fool

JULY 23, 2024

Millions of seniors today rely on Social Security to make ends meet in retirement. But collecting those benefits isn't a given. To be eligible for Social Security, you need to accumulate enough work credits during your career, which you accrue by earning money and paying taxes on your wages. So if you never worked, or only worked very part-time for a limited number of years, you may not be expecting a monthly Social Security paycheck.

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Private Equity Wire

JULY 23, 2024

Los Angeles-based global private investment firm Atar Capital has sold its portfolio company, Microcel, a distributor of lifestyle products in Canada, to Canadian distribution company TDL Gentek. The transaction closed on 17 July. Microcel was founded in 1989 in Newmarket, Ontario. Its products include wearables, portable audio, medi-tech, as well as smart home, kitchen and outdoor solutions, while its customer base includes Google, fitbit, Starlink, Anker, Beurer, Blendjet and Polaroid.

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The Motley Fool

JULY 23, 2024

Stocks in the financial sector can be some of the hardest to own. In particular, bank stocks are so highly correlated with the macroeconomy that it can be quite daunting assessing the potential of a good buying opportunity. One stock that has drastically underperformed both the S&P 500 and Nasdaq Composite so far this year is fintech platform SoFi Technologies (NASDAQ: SOFI).

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Private Equity Wire

JULY 23, 2024

An affiliate of $64bn global alternative investment firm HIG Capital has acquired Naturalia Tantum, a company operating in the Italian organic beauty & personal care sector. HIG’s investment is in partnership with the company’s current management team. Based in Milan, Naturalia Tantum develops, produces and distributes organic personal care products, as well as natural food supplements and products for home and pet care.

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The Motley Fool

JULY 23, 2024

It seems virtually impossible to talk about tech without artificial intelligence (AI) being one of the first subjects that pops up. It's not a new technology, but recent developments have shined unprecedented light on it and worked wonders for the stock prices of many companies even remotely dealing with AI. Despite the AI-fueled runs for many stocks, there are still chances for many companies to experience continued growth.

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Mr. Money Mustache

JULY 23, 2024

– “I used to read Mr. Money Mustache” , some people say these days, “Until he got all rich and fancy so that he no longer understands the common person’s plight. Stash probably doesn’t even practice any of these money-saving things he preaches any more!” When I read things like this, I can’t help but laugh. Because on the one hand, when you put a bunch of personal life details online like this, being misunderstood is just part of the package.

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The Motley Fool

JULY 23, 2024

In February 2018, Vanguard debuted a number of exchange-traded funds (ETF) that use rules-based quantitative models to analyze U.S. stocks. There's the Vanguard U.S. Momentum Factor ETF , which hops on stocks that are taking off. Or the Vanguard U.S. Quality Factor ETF , which invests in companies based on strong core metrics like profitability and return on equity.

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Private Equity Wire

JULY 23, 2024

AlbaCore Capital is looking to raise over €2bn ($2.2bn) for a new senior direct-lending strategy which will compete with established lenders including Ares Management Corp and Intermediate Capital Group, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as revealing that the new fund will provide senior secured loans to finance European leveraged buyouts.

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The Motley Fool

JULY 23, 2024

Social Security can go a long way in retirement, especially if your savings are lacking. The estimated median retirement savings among baby boomers is just $194,000, according to a 2024 report from the Transamerica Center for Retirement Studies, and a whopping 43% of boomers expect Social Security to be their primary source of income once they retire.

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Private Equity Wire

JULY 23, 2024

Overall private credit default rates climbed to 2.71% in Q2 2024, according to the latest Private Credit Default Index from law firm Proskauer, which comprises 922 active US senior-secured and unitranche loans loans with an approximate original principal amount of $150.7bn. This marks the third consecutive quarter of rising default rates. Previous rates were 1.84% in Q1 2024, 1.60% in Q4 2023 and 1.41% in Q3 2023.

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The Motley Fool

JULY 23, 2024

Shares of Serve Robotics (NASDAQ: SERV) , an autonomous sidewalk delivery company, soared 187% on Friday after artificial intelligence (AI) chip leader Nvidia disclosed via a filing with the Securities and Exchange Commission (SEC) that it owns a 10% stake in the relatively new public company. More specifically, Nvidia owns 3,727,033 shares of Serve's 37.1 million shares outstanding.

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AltAssets

JULY 23, 2024

New York-based buyout house Bregal Sagemount has raised $500m for the hard cap final close of its inaugural small-cap fund. The post Bregal Sagemount brings in $500m for hard cap close of debut small cap fund first appeared on AltAssets Private Equity News.

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The Motley Fool

JULY 23, 2024

Shares of CrowdStrike (NASDAQ: CRWD) sank after the cybersecurity company experienced a major outage that caused disruptions to businesses around the globe. Nonetheless, the stock is still up more than 70% over the past year. Let's take a look at the recent outage, the impact it could have on the company moving forward, and whether the dip is a buying opportunity.

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XY Planning Network

JULY 23, 2024

Becoming an independent fee-only financial advisor can seem overwhelming, lonely, and stressful. Add to that the burdens of everyday life—or, heaven forbid, a major life-changing event—that can almost make you feel like your dream career is unattainable. Fortunately, with XYPN membership , you not only benefit from our end-to-end tech, compliance, and support solutions as well as resource, education, and coaching assistance, but you also have the support of what's been ranked our top benefit 3 t

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Education Financial Services Returns 83

The Motley Fool

JULY 23, 2024

Image source: Getty Images For many, freelance work is a preferable way to earn a living. This type of work can provide greater flexibility, including control over the projects you take on, the money you earn, and your schedule. But it takes hard work to build and run a business. Changing how you complete tasks could help you improve your productivity.

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Banks Accounting Investing 246

Million Dollar Round Table (MDRT)

JULY 23, 2024

By Roy John Hall, ADFP, CCFP Change often isn’t easy, especially when it impacts how you run your financial advisory practice, or if you can even be an advisor at all. Regulation changes in Australia, which is where I live, hit us hard and fast. There were 36,000 financial advisors in my country. Now, three years after the changes were announced, there are about 15,000.

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Education 80

The Motley Fool

JULY 23, 2024

Underfunding an IRA or 401(k) could lead to a world of financial stress in retirement. And that's why it's time to throw the old convention of saving 10% of pay for retirement out the window. The cost of retiring is only going up thanks to factors that include inflation and increases in Medicare costs. Plus, Social Security is facing a serious financial crisis that has the potential to result in benefit cuts.

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Accounting Taxes Companies 246

Financial Times M&A

JULY 23, 2024

FTSE 100 consumer group’s Mead Johnson unit hit by US litigation over baby formula death

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Shareholders 124

The Motley Fool

JULY 23, 2024

Image source: Getty Images While inflation has cooled off recently, the high cost of nearly everything is still eating into Americans' budgets. And the price of gas isn't helping. The average cost of a gallon of gasoline is $3.51 right now, according to AAA. That number is down slightly from last year, but higher than last month's gas prices. Some Americans are fed up with fluctuating gas prices and have opted to buy electric vehicles instead.

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AltAssets

JULY 23, 2024

African private equity house Metier has raised more than $219m for the final close of its third growth fund, beating its $200m target. The post African investor Metier seals over $219m for third flagship growth fundraise first appeared on AltAssets Private Equity News.

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The Motley Fool

JULY 23, 2024

Image source: Getty Images For the average American senior living on less than $30,000 a year, making every dollar stretch is essential. Enter Costco, the caped crusader of cost savings. This wholesale giant is not just a place to buy in bulk -- it's a goldmine for discounts and deals, especially for the silver-haired shopper. Grab your oversized shopping cart, and let's dive into how Costco can become your budget's new best friend.

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FinSMEs

JULY 23, 2024

Cypris, a NYC-based provider of an AI research platform for R&D teams, raised $5.3M in funding. The round was led by Vocap Partners, with co-investors Activate Venture Partners and BlueTree Capital, with participation from York IE and K20 Fund. The company intends to use the funds to accelerate the scaling of their AI-powered platform built […] The post Cypris Raises $5.3M in Funding appeared first on FinSMEs.

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The Motley Fool

JULY 23, 2024

The Bill and Melinda Gates (BMG) Foundation is one of the largest charitable organizations in the world. As of December 2023, it had issued grants totaling nearly $78 billion to help alleviate poverty, improve health, support education, and combat inequities around the world. That charitable giving is funded by the BMG Foundation Trust, which manages money donated by Bill Gates, Melinda French, and Warren Buffett.

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FinSMEs

JULY 23, 2024

akirolabs, a Berlin, Germany-based ProcureTech startup enabling enterprises worldwide to augment strategic procurement processes, raised 7-Digit non-dilutive grant from Investitionsbank Berlin and the European Regional Development Fund (ERDF). The company intends to use the amount to further advance the software’s AI/LLM capabilities, solidify its position as the AI-first ProcureTech B2B SaaS company, and accelerate product […] The post akirolabs Secures 7-Digit Grant appeared first

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The Motley Fool

JULY 23, 2024

Lineage Logistics, a real estate investment trust (REIT) focused on cold storage facilities, is preparing to go public. It's seeking to raise up to $3.9 billion -- a $19.2 billion valuation -- making it the biggest initial public offering (IPO) of 2024 by a wide margin. It would be more than double the $1.5 billion raised by cruise operator Viking Holdings earlier this year at a $10.4 billion valuation.

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