Tue.Jul 30, 2024

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3 Reasons Not to Buy Gas at Costco

The Motley Fool

Image source: Getty Images I shop at Costco on a weekly basis. This is necessary for my household, since we're constantly running out of products like milk, produce, and snacks (especially, ahem, the snacks). But I like to time my Costco runs strategically to when my minivan's gas tank is getting low. Buying gas at Costco commonly saves me money compared to the cost of filling up elsewhere.

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Pelican Enters the Nuclear Supply Chain with MillenniTek Acquisition

Private Equity Professional

Pelican Energy Partners has acquired MillenniTek , a maker of ceramic materials used in the nuclear energy industry. MillenniTek operates through two divisions – technical ceramic manufacturing and rapid prototyping. The company’s high-temperature ceramic components include casting crucibles used for air and vacuum induction melting of superalloys, boron carbide neutron absorbers used in fuel control rods, and zirconia nozzles used in powdered metals applications.

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Why Nvidia Stock Continued to Slide Today

The Motley Fool

There has been an ongoing rotation in the stock market, and one of the losers has been previously high-flying Nvidia (NASDAQ: NVDA). Shares of the leading artificial intelligence (AI) chip and software maker continued to drop on Tuesday. Today, shares fell more than 8% before paring some of that drop. At the intraday low of about $102.5 per share, the stock was down more than 25% from its recent June intraday high of more than $140.

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Kinderhook Names New Managing Directors

Private Equity Professional

Kinderhook Industries has promoted Sam Keenan and Matt Bubis to managing director. Mr. Keenan was a summer analyst with Kinderhook in both 2008 and 2009 before joining the firm as an analyst in 2010. He left Kinderhook in 2014 to earn his MBA from Emory University and rejoined the firm in 2016 as a vice president. Today, Mr. Keenan focuses on Kinderhook’s environmental services and automotive verticals.

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6 Tips for Pricing Your Services as a Freelancer

The Motley Fool

Image source: Getty Images More people are embracing the freelance lifestyle. According to a study by Upwork, 64 million Americans performed some freelance work in 2023. Doing freelance work, whether part-time or as a full-time business venture, could help you increase your income. If you're new to freelancing, you may wonder what to charge for your work.

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Monogram Opens the Door with Tri-State Buy

Private Equity Professional

Monogram Capital Partners has acquired Precision Door Tri-State , a provider of garage door and opener replacement, repair, and installation services. This acquisition is the first investment for Monogram’s third fund. Precision Door Tri-State (PDTS) provides garage door replacement, repair, and installation services across New Jersey, New York, and Connecticut.

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Montara Therapeutics Closes $8M Seed Funding

FinSMEs

Montara Therapeutics, Inc., a San Francisco, CA-based therapeutics company aiming to advance brain-targeting drugs, closed an $8m seed financing. The round was led by SV Health Investors’ Dementia Discovery Fund and co-lead Two Bear Capital. Dolby Family Ventures and KdT Ventures also participated in the round. In connection with this financing, Dirk Landgraf, Ph.D., Principal […] The post Montara Therapeutics Closes $8M Seed Funding appeared first on FinSMEs.

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Nvidia Stock Plunges: Why Some Wall Street Analysts Think It's Still a No-Brainer Buy

The Motley Fool

All good things must come to an end. Or do they? That's a question many investors could be asking about Nvidia 's (NASDAQ: NVDA) remarkable run. Shares of the graphics processing unit (GPU) maker have skyrocketed more than ninefold since the fourth quarter of 2022. Nvidia is up almost 130% so far this year. However, the stock has plunged around 17% in recent weeks.

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DecoverAI Raises $2M in Seed Funding

FinSMEs

DecoverAI, a Washington, DC-based legal technology company, raised $2m in seed funding. The round was led by Leo Capital, with participation from other prominent investors. The company intends to use the funds to accelerate the development and deployment of its innovative technologies, enhance its AI capabilities, expand product features, grow the teams, and invest in marketing and sales efforts.

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Signing Up for Medicare and Social Security at the Same Time? 2 Things You Need to Know

The Motley Fool

Age 65 is a big milestone in the context of retirement planning, because that's when seniors are eligible to sign up for Medicare. In fact, you can enroll in Medicare three months before the month of your 65th birthday to get the ball rolling. You may be thinking of signing up for Medicare in conjunction with Social Security. That's something you're absolutely allowed to do.

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Walkner Condon Ranks #1 in Wisconsin, #18 Nationally in Best Financial Advisory Firm List

Walkner Condon Financial Advisors

Walkner Condon Financial Advisors recently had the honor of being selected for the USA Today/Statista “Best Financial Advisory Firms in the US” as the #18 best firm nationally and #1 in Wisconsin.

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The Bond Market Is Sounding an Alarm That May Signal a Stock Market Crash -- but It Comes With a Silver Lining for Investors

The Motley Fool

Experts have waffled on whether the U.S. economy is headed for trouble. In October 2022, economists put the probability of a recession within 12 months at 63%, according to The Wall Street Journal. Inflation exceeded 8% at the time, and the Federal Reserve was raising interest rates at the fastest pace in decades. But the situation has changed dramatically since then.

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UK high-net-worth investors positive on private equity, finds Connection Capital 

Private Equity Wire

Some 80% of private high-net-worth UK investors plan to allocate to private equity and other alternative asset classes over the next 12 months, according to a survey by Connection Capital, a London-based private markets and alternative investment platform. A third of those surveyed feel more confident about investing in both public and private UK companies compared to a year ago, with “value for money in UK equity markets” being the most popular reason.

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10 Best Ultra-High-Yield Dividend Stocks to Consider as Part of a Long-Term Portfolio

The Motley Fool

Dividend investing has long been a popular strategy for those seeking steady income and potential long-term growth. However, stocks with exceptionally high yields (over 5%) often raise eyebrows among investors. These ultra-high-yield stocks tend to underperform the broader market in the short term, as their generous payouts often reflect underlying challenges.

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Eurazeo doubles H1 private debt fundraising to €1.6bn

Private Equity Wire

French alternative asset manager Eurazeo has more than doubled its private debt fundraising in H1 2024, attracting €1.6bn (£1.3bn) in commitments underlining its growing influence in the private debt market, according to a report by Alternative Credit Investor. As of 30 June 2024, Eurazeo reported private debt AUM of €8.72bn, marking a 27% increase over the past year.

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3 Stocks I Plan to Double Down On If the Stock Market Plunges

The Motley Fool

For nearly two years, the bulls have been wild on Wall Street. Since the ageless Dow Jones Industrial Average (DJINDICES: ^DJI) , benchmark S&P 500 (SNPINDEX: ^GSPC) , and growth-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) bottomed out in October 2022, they've all gone on to hit multiple record highs. While history unequivocally shows that patience pays off handsomely on Wall Street, it also tells us that stocks rarely move up in a straight line.

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Private credit funds set sights on Latin America

Private Equity Wire

As the $1.7tn private credit industry faces its most significant fundraising slump since 2020, private lenders including Adams Street Partners, Antares Holdings and Hayfin Capital Management are increasingly turning their attention to Latin America, according to a report by Bloomberg. Private credit firms are reportedly targeting the growing pools of capital from pension funds as well as wealthy individuals.

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Symbotic Stock Plunges 23.5% due to the AI-Powered Robot Maker's Guidance for Revenue Growth to Slow

The Motley Fool

Shares of Symbotic (NASDAQ: SYM) , which makes artificial intelligence (AI)-enabled robotics technology for supply chains, plunged 23.5% on Tuesday, following the company's release on the prior afternoon of its report for the third quarter of fiscal 2024 (ended June 29). The stock sell-off was largely due to revenue guidance for fiscal Q4 falling considerably short of Wall Street's expectation.

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Amulet Capital closes third fund above target at $1.2bn

Private Equity Wire

Amulet Capital Partners, a middle-market private equity firm investing in the healthcare sector, has closed Amulet Capital Fund III with approximately $1.2bn in total capital commitments. The fund was oversubscribed and received commitments from global institutional investors including state and corporate pension funds, endowments, foundations and family offices.

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Should You Claim Social Security at 62 or 70? The Answer Is Simpler Than You'd Think

The Motley Fool

One of the toughest decisions you might have to make in the context of retirement planning is figuring out when to claim Social Security. The earliest age to sign up for benefits is 62. And from there, you can really file at any time. However, there are some key milestones to know about. First, you're eligible for your complete monthly benefit based on your personal income history at full retirement age.

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DSCVR Launches Canvas: A Massive Leap for Web3 Social Embedded Apps

FinSMEs

Los Angeles, United States, 30th July 2024, Chainwire The post DSCVR Launches Canvas: A Massive Leap for Web3 Social Embedded Apps appeared first on FinSMEs.

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1 Major Reason Nvidia Stock Continues to Drop

The Motley Fool

In today's video, I discuss Nvidia (NASDAQ: NVDA) and other semiconductor stocks. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of July 29, 2024. The video was published on July 29, 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors

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7 Questions I’m Pondering

A Wealth of Common Sense

Seven questions I’m pondering at the moment: 1. Why doesn’t the Fed just cut now? Inflation is under control. The labor market is cooling off. The housing market is a mess. I know people who lived through the 1970s are worried about a replay but this is not that. If the Fed waits too long the economy is going to roll over and they’re not going to be able to stop the unemployment rate from rising.

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Should You Buy Nvidia Stock While It's Less Than $120?

The Motley Fool

Nvidia (NASDAQ: NVDA) has wowed investors with its triple-digit earnings gains and solid stock performance in recent times. This is thanks to the company's dominance in one of today's most-talked about technologies: artificial intelligence (AI). Nvidia holds 80% of the AI chip market, and considering the company's focus on innovation, this leadership is likely to last.

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AXA IM Prime acquires 20% stake in French private credit firm Rivage

Private Equity Wire

AXA Investment Managers’ private markets unit, AXA IM Prime, has acquired a 20% stake in Rivage Investment, a French private credit firm specialising in infrastructure debt, which oversees more than €7.7bn ($8.3bn) in committed capital, according to a report by Bloomberg. The acquisition is part of AXA IM Prime’s new strategy to purchase minority stakes in general partners of private capital firms, according to a statement.

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Down Between 17% and 35% From Their 52-Week Highs, Should You Buy the Dip on Nvidia, Broadcom, and AMD?

The Motley Fool

Nvidia (NASDAQ: NVDA) , Advanced Micro Devices (NASDAQ: AMD) , and Broadcom (NASDAQ: AVGO) have been some of the hottest semiconductor stocks over the last couple of years. But recently, the artificial intelligence-fueled rally has cooled, sending Nvidia down 17% from its all-time high, Broadcom down 18%, and AMD down 35%. Let's determine whether the sell-off is a buying opportunity, or if these growth stocks ran up too far, too fast.

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Winterberg’s Healthcare Holding Schweiz acquires rehab provider Naropa Reha 

Private Equity Wire

Winterberg Advisory’s portfolio company, Healthcare Holding Schweiz, has acquired Naropa Reha, a Swiss rehabilitation and care provider. Naropa Reha is based in Gstaad and supplies products and services in rehabilitation and care as well as fitting and maintaining wheelchairs. Healthcare Holding Schweiz is based in Baar, Switzerland, specialising in the Swiss medical technology services and distribution sector.

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This Generation Has the Most Credit Card Debt -- It Might Surprise You

The Motley Fool

Image source: Getty Images Credit card debt can be more expensive than most other types of debt. The reason? Not only do credit cards tend to charge high interest rates, but credit card interest is often compounded daily, allowing it to quickly add up. That's why a credit card balance can be so harmful to your finances. But the good news is that all generations have managed to decrease their credit card debt since the end of 2023, according to New York Life's latest Wealth Watch survey.

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L Catterton names Global Head of Sustainability 

Private Equity Wire

US private equity firm L Catterton has appointed Devon Leahy as Global Head of Sustainability. In her new role, Leahy will support portfolio companies with sustainability-focused projects and value-creation initiatives. Leahy has joined from Ralph Lauren, where she served as Global Head of Sustainability for five years. She previously held various senior strategy and sustainability-focused roles at Etsy and Walmart.

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Alphabet Just Scored a Huge Win. Is This Bad News for Amazon?

The Motley Fool

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is best known for something a lot of us use every day: Google Search. The world's No. 1 search engine drives the company's profit -- advertisers flock to advertise across Google, knowing they can reach us, their target audience, there. However, Alphabet has another business that's growing fast, and it recently reached a big milestone.

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Amulet Capital almost doubles fund size again with $1.2bn Fund III final close

AltAssets

Healthcare investor Amulet Capital has raised about $1.2bn for the final close of its third fund - almost double the total it collected for its predecessor vehicle. The post Amulet Capital almost doubles fund size again with $1.2bn Fund III final close first appeared on AltAssets Private Equity News.

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The Truth Behind GM's $129 Billion in Debt

The Motley Fool

General Motors (NYSE: GM) has $129 billion of debt on its balance sheet, which scares a lot of investors away from the stock. But is that the right way to look at the debt number? In this video, Travis Hoium shows where that debt resides and why the core business really has a net cash position. *Stock prices used were end-of-day prices of July 28, 2024.

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Are you standing in the way of connecting with clients?

Million Dollar Round Table (MDRT)

By Stacey Hanke Have you ever noticed that when you ramble, your subconscious encourages you to keep talking, which tortures your clients even more? Eventually, you will figure out what to say. Yet, as financial professionals, you know the power behind asking open-ended questions to instantly build rapport with very few words. Your verbal and nonverbal communication can jeopardize your influence or enhance it without your even knowing it.

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When You Look Back in 5 Years, You'll Wish You'd Bought This $2 Trillion Artificial Intelligence (AI) Stock

The Motley Fool

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is the technology conglomerate behind Google, YouTube, autonomous driving company Waymo, and artificial intelligence (AI) developer DeepMind (to name just a few of its subsidiaries). Google remains the dominant internet search engine globally, and it used that success to build other businesses like Google Cloud and Google Workspace (which includes Gmail and Google Docs).