Wed.Nov 06, 2024

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Billionaire Warren Buffett Just Sold More Than 300 Million Shares of 2 Favorite Stocks and Piled Into This Ultra-Safe Asset

The Motley Fool

The large conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) , run by investing legend Warren Buffett , reported its third-quarter earnings results over the weekend. The report is a big deal for shareholders and all market watchers who are curious to see what moves Buffett and his team of investing experts made during the quarter because they indicate their overall view of the market.

Assets 246
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MagicDoor Raises OverĀ $2M in Pre-Seed Funding

FinSMEs

MagicDoor, a Las Vegas, NV-based provider of an AI-native property management software platform, raised over $2M in Pre-Seed funding. Backers included Shadow Ventures, as well as key angels, prospective clients, and founders. The company intends to use the funds to enable the development of additional features in its AI-powered software solution and accelerate sales, marketing, […] The post MagicDoor Raises Over $2M in Pre-Seed Funding appeared first on FinSMEs.

Funds 102
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Warren Buffett's $166 Billion Warning to Wall Street Has Become Deafening

The Motley Fool

For decades, no money manager has been more closely followed by investors than Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. Since ascending to the CEO chair in the mid-1960s, the "Oracle of Omaha," as he's now known, has overseen a cumulative return in his company's Class A shares (BRK.A) that's approaching 5,500,000%! Riding Buffett's coattails by mirroring his investing activity at Berkshire Hathaway has been a successful investment strategy for a long time.

Banks 246
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Katten adds Partner to private credit practice in New York

Private Equity Wire

Full service law firm Katten has appointed Maximilien Pucci-Sisti Maisonrouge as a Partner in the firm’s private credit practice in New York, where he will work on complex transactions and provide key guidance on various deal types. Maisonrouge’s experience includes work on unitranche, first- and second-lien credit facilities, investment-grade, middle-market, and large-cap financings as well as cross-border and domestic acquisition financings, and debt restructuring transactions.

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Get Pumped: 2025 Roth IRA Income Limits Are Rising

The Motley Fool

The IRS just released the 2025 contribution and income limits for retirement accounts, including Roth IRAs. While it might be a bummer that Roth IRA contribution limits aren't increasing, the good news is that income limits are moving up. This change means you might have a better chance of qualifying to make direct contributions to a Roth IRA in 2025.

Taxes 246
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HPS leads Ā£800m Ocorian credit deal

Private Equity Wire

HPS Investment Partners is leading the provision of an Ā£800m ($1bn) private credit package for Ocorian, a Jersey-based investment management firm backed by private equity firm Inflexion, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as confirming that Apollo Global Management, Carlyle Group, and Goldman Sachs Asset Management are also participating in the financing deal, which aims to refinance Ocorian’s existing unitranche loan from Ares Ma

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Akin adds Partner to PE transactions practice

Private Equity Wire

Akin has expanded its PE capabilities with the appointment of Elina Alperovich as a private equity Transactions Partner based in the firm’s New York office. Alperovich joins from Apollo Global Management where she served as Transaction Counsel. Alperovich has extensive experience advising private equity sponsors and their portfolio companies on a broad range of transactions, including mergers and acquisitions, leveraged buyouts, minority and growth investments, joint ventures, carve-outs a

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This Incredible 5.4%-Yielding Dividend Stock Expects to Grow Even Faster This Year

The Motley Fool

Realty Income (NYSE: O) does an incredible job paying dividends. The diversified real estate investment trust (REIT) has declared 652 consecutive-monthly dividends and 108 straight quarterly-dividend increases. The company has raised its payout every year since it came public in 1994, growing it at a 4.3% compound annual rate. The REIT is in an excellent position to continue increasing its dividend.

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Unlocking the transformative power of private markets

Private Equity Wire

With the Private Capital Summit Europe 2025 just three months away, Aftab Bose, Private Equity Wireā€™s Head of Content, outlines why next yearā€™s flagship European event is a ā€˜must-attendā€™ for GPs and LPs alikeā€¦ What is the aim of the Private Capital Summit Europe 2025? Private markets are transforming the world. Look at the role they’re playing in tech advancement, the green transition, sports, music and entertainment, and other critical sectors and economies worldwide.

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Warren Buffett Is Giving 2 Massive Warnings to Investors. Should You Be Worried?

The Motley Fool

In Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) third-quarter earnings report, there weren't any massive surprises about the company's businesses themselves. Insurance underwriting profits declined significantly, but with a particularly bad hurricane season, this wasn't too alarming. On the other hand, there were a couple of big surprises that were revealed.

Investors 246
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KKR secures 35% Fuji Soft stake following initial tender offer stage

Private Equity Wire

Global private equity firm KKR has acquired a 35% stake in Japan-based software developer Fuji Soft after completing the first stage of its two-part buyout tender offer, Fuji Soft announced on Wednesday, according to a report by Reuters. The report cites an unnamed source familiar with the matter as revealing that KKR’s newly acquired stake now gives it enough voting power to potentially block a competing offer from rival private investment firm Bain Capital, which in October proposed a hi

Stakes 92
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As NJOY Powers Altria's Growth, Is It Time to Buy the Stock?

The Motley Fool

With a forward dividend yield of 7.5%, it's no secret what attracts most investors to Altria Group (NYSE: MO). The company is a dividend darling, having increased its payout every year since 2009. While revenue growth has been a struggle for the company in recent years, it is looking to change that with its NJOY business. This has helped the stock to a 35% gain in price since the start of the year, on top of its nice dividend payout.

Taxes 246
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Blackstone Real Estate to Take Retail Opportunity Investments Private for $4 Billion

Blackstone News

The post Blackstone Real Estate to Take Retail Opportunity Investments Private for $4 Billion appeared first on Blackstone.

Investing 105
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AppLovin (APP) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. AppLovin (NASDAQ: APP) Q3 2024 Earnings Call Nov 06, 2024 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: David Hsiao -- Head of Investor Relations Welcome to AppLovin's earnings call for the third quarter ended September 30th, 2024. I'm David Hsiao, head of investor relations.

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Ex-Coller, CVC, Tikeahau IR exec Ajjour to head up CC Capital fundraising efforts

AltAssets

New York private equity firm CC Capital has brought in former Coller Capital, CVC and Tikehau Capital investor relations specialist Rabeeh Ajjour as head of fundraising and IR. The post Ex-Coller, CVC, Tikeahau IR exec Ajjour to head up CC Capital fundraising efforts appeared first on AltAssets Private Equity News.

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Warren Buffett Just Sent Wall Street a Historic $127 Billion Warning. History Says the Stock Market Will Do This Next.

The Motley Fool

Warren Buffett is one of the most renowned figures on Wall Street. That's partly because he is worth about $140 billion, and partly because he's built Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) into one of the largest companies on the planet through a combination of prudent acquisitions and stock purchases. Indeed, since Buffett took control of the company in the mid-1960s, Berkshire shares have returned about 20% annually, while the S&P 500 (SNPINDEX: ^GSPC) has returned a little more t

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Riverside to exit HTBA investment

Private Equity Wire

The Riverside Company (Riverside), a private investment firm focused on the smaller end of the middle market, is to sell HealthTech BioActives (HTBA) to Miura Partners, a private equity firm that invests in Southern Europe. HTBA is a science-based specialist in the manufacturingā€Æand commercialisationā€Æof citrus flavonoids and active forms of vitamin B12 for the pharmaceutical, nutraceutical, food and beverage, and animal nutrition sectors and sells to customers in more than 60 countries around th

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Fastly (FSLY) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Fastly (NYSE: FSLY) Q3 2024 Earnings Call Nov 06, 2024 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon. My name is Tamika, and I will be your conference operator today. At this time, I would like to welcome everyone to the Fastly third quarter 2024 earnings conference call.

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Apollo beats expectations with 12% Q3 profit surge

Private Equity Wire

Apollo Global Management reported a 12% rise in third-quarter profit on Tuesday, outperforming Wall Street expectations as it secured more assets and originated record levels of debt and other capital, according to a report by Reuters. The alternative asset manager posted an adjusted net income of $1.13bn, or $1.85 per share, for the quarter ending 30 September, surpassing analysts’ forecast of $1.72 per share, according to LSEG data.

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Want the Max $5,108 Social Security Benefit? Here's the Salary You Need.

The Motley Fool

The average Social Security retirement benefit was $1,921.56 in September. While that might be a nice supplement to your retirement savings, it's hardly enough for most retirees to live on. That's especially true when you consider the rapidly rising costs of healthcare and housing. But if you earn enough during your career, you could receive a lot more from Social Security when you retire.

Taxes 246
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Florida SBA said to commit more than $200m to PE, credit funds ā€“ ICG picks up lionā€™s share

AltAssets

Pension giant the Florida State Board of Administration has reportedly made more than $200m of new private equity and credit fund commitments. The post Florida SBA said to commit more than $200m to PE, credit funds – ICG picks up lion’s share appeared first on AltAssets Private Equity News.

Funds 77
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Elections Pass, Stocks March On

The Motley Fool

Investors spent most of 2024 shrugging off macro geopolitical fears -- energy, climate change, conflicts in Ukraine and the Middle East -- that could potentially have disrupted market returns. Instead, the narratives driving the markets have been much more focused on AI, resilient growth, and lower interest rates, with seemingly little worry about who sits in the White House.

Returns 246
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NewVest picks up $180m for second private equity index fund

AltAssets

Private markets index fund manager NewVest has raised $180m for its sophomore PE fund - making it more than 30% larger than its debut vehicle in the strategy. The post NewVest picks up $180m for second private equity index fund appeared first on AltAssets Private Equity News.

Funds 76
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1 Top Cryptocurrency to Buy Before It Soars 18,600%, According to Michael Saylor

The Motley Fool

Bitcoin (CRYPTO: BTC) is undoubtedly one of the best financial assets anyone could've owned in the past decade, turning tiny amounts of capital into huge sums of wealth. But there is still huge upside, at least based on the perspective of an expert in the field. According to billionaire tech executive Michael Saylor, who founded software company MicroStrategy , the world's top cryptocurrency could soar 18,600% from its current price of $69,300 (as of the evening on Oct. 31) to $13 million in 204

Assets 246
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Deal Roundup: Abry, BHMS completed Innovisk trade sale, Aterian acquires Outlook Group

AltAssets

Abry Partners and BHMS Investments have completed the sale of insurance managing general agent specialist Innovisk to trade buyer Ryan Specialty. The post Deal Roundup: Abry, BHMS completed Innovisk trade sale, Aterian acquires Outlook Group appeared first on AltAssets Private Equity News.

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Amazon Stock Pops, Driven by AWS. Is It Too Late to Buy?

The Motley Fool

Amazon (NASDAQ: AMZN) shares popped following its third-quarter results, which were once again powered by its cloud computing segment AWS. The stock is now up more than 25% on the year. Showing the fickleness of the market, AWS' growth in Q3 was virtually the same as Q2, when the stock sold off on the news, but investors were much more upbeat after its Q3 report.

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HIG Capital and Thoma Bravo to acquire CompTIAā€™s IT certification and training business

Private Equity Wire

HIG Capital and Thoma Bravo are to acquire the information technology (IT) certification and training division of the Computing Technology Industry Association (CompTIA), in a major shift for the globally recognised provider of IT credentials. CompTIA, known for its industry-leading, vendor-neutral IT certifications, offers a range of services including cybersecurity, cloud computing, networking, and emerging technology education.

Capital 83
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Is a Recession Coming in 2025? There's Good and Bad News.

The Motley Fool

After more than two years in a bull market, the stock market is still surging. The S&P 500 (SNPINDEX: ^GSPC) is up by more than 60% from its lowest point in October 2022, while the Nasdaq (NASDAQINDEX: ^IXIC) has soared by nearly 76% in that time. Even the best bull markets can't last forever, though, and some investors are worried that a market slump and perhaps even a recession are around the corner.

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How an iterative strategy shapes success at Baylor university endowment

Top 1000 Funds

David Morehead, chief investment officer of Baylor University endowment in Texas explains why he's concerned about too much diversification and why the rewards of interest rate cuts will be most keenly felt in small cap equities.

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Should You Buy Palantir Stock After Its 170% Gain in 2024? Wall Street Has a Clear Answer for Investors

The Motley Fool

Palantir Technologies (NYSE: PLTR) has seen its share price surge 170% since January as investors have become increasingly confident in the company's artificial intelligence (AI) software. That makes Palantir the third-best performing stock in the S&P 500 (SNPINDEX: ^GSPC) year to date. Only Vistra and Nvidia have been more rewarding investments. However, Wall Street is overwhelming bearish where Palantir is concerned.

Investors 244
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Research Grid Raises $6.5M in Funding

FinSMEs

Research Grid, a NYC-based AI startup that helps medical research institutions automate back-office admin for clinical trials, raised $6.5M in funding. The round was led by Fuel Ventures, with participation from Arve Capital, Ada Ventures, Morgan Stanley Inclusive Ventures Lab, Arāya Ventures, Ascension Ventures, Plug and Play Ventures, and Atomico Angels.

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Why Renewable Energy Stocks Plunged Today

The Motley Fool

While most of the stock market is on the rise, the renewable energy industry is taking it on the chin in trading today. Not only is there speculation that subsidies could be cut back, but higher interest rates may lower the opportunity for renewable energy projects. Three of the biggest movers were First Solar (NASDAQ: FSLR) falling as much as 19.7%, Fluence Energy (NASDAQ: FLNC) falling 18.8%, and Brookfield Renewable Partners (NYSE: BEP) down 9.5%.

Taxes 244
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Normative Acquires Eivee

FinSMEs

Normative, a Stockholm, Sweden-based company which specializes in enterprise carbon accounting across the Nordics, EU, and UK, acquired Eivee, a Danish carbon accounting solution provider. The amount of the deal was not disclosed. The acquisition of Eivee will enable Normative to: Eivee is a carbon accounting solution provider for Danish companies to calculate entire GHG […] The post Normative Acquires Eivee appeared first on FinSMEs.

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Is Microsoft Spending Too Much on Artificial Intelligence? Here's What Investors Need to Know.

The Motley Fool

Microsoft (NASDAQ: MSFT) continues to increase its investments in artificial intelligence (AI), which is concerning for many stock market investors. *Stock prices used were the afternoon prices of Nov. 2, 2024. The video was published on Nov. 4, 2024. Should you invest $1,000 in Microsoft right now? Before you buy stock in Microsoft, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy nowā€¦ and Microsoft wasnā€™t on

Investors 243