This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The stock market has been on fire throughout the last couple of years. The S&P 500 (SNPINDEX: ^GSPC) has soared by nearly 57% from its lowest point in late 2022, while the Dow Jones (DJINDICES: ^DJI) and Nasdaq (NASDAQINDEX: ^IXIC) are up by around 37% and 77%, respectively, in that time. But the market can't continue surging forever, and eventually, we'll face another bear market or even a crash.
There aren’t all that many millionaires in the world. People with wealth in excess of $1 million make up just 1.5% of the world’s population. Yet this group controls nearly half of the world’s wealth (around $214 trillion in total). There are even fewer billionaires — a little less than 2,700 worldwide or a number that rounds down to 0% of the global population.
Image source: Getty Images. I've never worked for Costco, but as a longtime Costco member (for 20 years!), I've always gotten the impression that Costco is a good place to work. As of February 2024, Costco ranks No. 61 on Forbes' list of America's Best Large Employers, and 74% of Costco employees on Glassdoor would recommend Costco to a friend. One of the biggest strengths of Costco is the quality of its work environment.
National Safety Apparel , a portfolio company of Blue Point Capital Partne rs since May 2024, has acquired Tri-Star Glove. National Safety Apparel (NSA) is a provider of flame-resistant clothing (FRC), electrical personal protective equipment (PPE) and thermal and industrial PPE, workwear, and uniforms. The majority of NSA’s branded products – including DRIFIRE , Enespro , and Wild Things – are made in the United States.
Truth be told, achieving a million-dollar retirement account can seem out of reach if you don't know many people who have achieved this milestone. It might seem even more daunting if you're trying to reach that goal in a traditional or Roth individual retirement account (IRA), where the contribution limits are only $7,000 for those under 50 in 2024.
Branford Castle has closed its sale of Earthlite Massage Tables to Valesco Industries. Earthlite , a portfolio company of Branford Castle since July 2016, is a manufacturer of over 300 SKUs of massage tables, alternative beauty and wellness equipment, supplies and accessories, oils and creams, manicure and pedicure equipment, and medical exam equipment.
Over the last five years, the S&P 500 and Nasdaq Composite have both produced total returns (including dividends) of over 100%. It's been an incredible period in the broader stock market, but especially in the tech sector, which is the largest sector by weighting in both indexes and has been the best-performing sector over the last five years (by far).
Singapore, Singapore, 16th July 2024, Chainwire The post PEXX Raises $4.5 Million in Seed Funding for its Innovative Stablecoin-to-Fiat Payment Platform appeared first on FinSMEs.
Singapore, Singapore, 16th July 2024, Chainwire The post PEXX Raises $4.5 Million in Seed Funding for its Innovative Stablecoin-to-Fiat Payment Platform appeared first on FinSMEs.
For three decades, investors have been patiently waiting for the next great innovation to come along that would rival what the internet did for corporate America. The arrival of artificial intelligence (AI) might be just what the doctor ordered. Artificial intelligence allows software and systems to oversee tasks that humans would normally undertake.
Predicta Biosciences, a Boston, MA-based precision oncology company developing diagnostic and therapeutic products, raised $5.2M in Seed funding. The round was led by The Engine Ventures, with participation from Illumina Ventures, Time Boost Capital, the American Cancer Society Bright Edge and the Oetgen family. Jay Wohlgemuth, former CMO of Quest Diagnostics, Mara Aspinall, former CEO of Roche Tissue Diagnostics and Partner […] The post Predicta Biosciences Raises $5.2M in Seed Funding ap
Investors are going like gangbusters for artificial intelligence (AI) stocks such as Nvidia and Microsoft , bidding them up to all-time highs. Now, they are looking at the second-order effects of AI, one of which is data center power consumption. These new AI tools require tons of new infrastructure and electricity generation capacity, which has investors interested in stodgy old utility and energy stocks again.
Exa, a San Francisco, CA-based AI research lab redesigning search for the AI age, raised $22M in seed and Series A funding. The round was led by Lightspeed Venture Partners, with participation from NVentures, NVIDIA’s venture capital arm, and Y Combinator. The company intends to use the funds to expand operations and its development efforts […] The post Exa Raises $22M in Series A Funding appeared first on FinSMEs.
ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) are the two largest U.S.-based oil and natural gas companies. However, there are plenty of other dividend-paying energy companies to consider. Two that stand out today are Equinor (NYSE: EQNR) , down 15% year to date, and ConocoPhillips (NYSE: COP) , down 3% so far this year. Both companies pay attractive dividends and are worth buying now.
Making Space, a Los Angeles, CA-based provider of a B2B SaaS talent acquisition and learning platform for companies to train, access, and retain pre-qualified disabled talent, raises $2M in Pre-Seed funding. The round was led by Beta Boom, with participation from JFFVentures, FullCircle, American Student Assistance (ASA), ECMC Foundation, SmartJob, Mindshift Capital, Techstars and other investors. […] The post Making Space Raises $2M Pre-Seed Round appeared first on FinSMEs.
Intel (NASDAQ: INTC) is having a terrible year so far. Shares of the chip specialist have lost nearly a third of their value as of this writing, which is in stark contrast to the 38% gain in the PHLX Semiconductor Sector index, but a closer look at the recent stock price action indicates that the stock may be gaining some momentum. Shares of Intel have jumped almost 12% this month, outperforming the PHLX index.
Bio-Logical, a Nairobi, Kenya-based climate tech company, raised $1.3M in funding. The round was led by CrossBoundary, Redshaw Advisors and existing investors the Steyn Group. The company intends to use the funds to increase its carbon removal and fertiliser production capacity, boosting crop yields and climate resilience for thousands of smallholder farmers.
The stock started 2024 as General Electric but is now GE Aerospace (NYSE: GE). The change of name reflects the spin-off of GE Vernova in early April. No matter which way you look at it, GE stock was up 24.6% in the first half, according to data provided by S&P Global Market Intelligence. Why GE stock outperformed The exceptional performance is due to two factors.
ESG investing was until recently a buzzword in global finance, the party was in full swing, the marketing material was everywhere and the money was rolling in. But asset managers are no longer boasting about their environmental, social and governance credentials after poor performance, greenwashing scandals and a political backlash in the US. So who killed the ESG party?
According to Cybersecurity Ventures, cybercrime is set to cost the world $9.5 trillion this year, and the damage bill could top $10.5 trillion in 2025. Malicious actors are even using artificial intelligence (AI) to launch highly sophisticated attacks on businesses. In fact, 64% of the 4,702 CEOs surveyed by PwC earlier this year said generative AI will increase cybersecurity risks in their organization during the coming 12 months alone.
Mira, a Singapore-based provider of a decentralized infrastructure platform to expand access to advanced AI, raised $9M in Seed funding. The round was led by BITKRAFT Ventures and Framework Ventures, with participation from Accel, Crucible, Folius Ventures, Mechanism Capital, SALT Fund, and angel investors. The company intends to use the funds to expand its headcount globally […] The post Mira Raises $9M in Seed Funding appeared first on FinSMEs.
While large-cap growth stocks have dominated the U.S. market since the Federal Reserve began hiking interest rates in March 2022, the tide may soon turn. With the central bank poised to start cutting rates later this year, we could see a broader rally in mid- and small-cap growth equities. Which growth stocks should investors have on their radar leading into this potential catalyst?
Image source: Getty Images When you're ready to start investing, the whole process can be kind of mysterious. What kind of account should I open? How do I choose a stock broker? And wait, why am I doing this again!? Ultimately, you're investing to set yourself up for more wealth in the future -- many people do it to build a comfortable retirement for themselves, for example.
Mesirow Financial has promoted Rick Weil and Melanie Yermack to Co-Heads of Packaging for Mesirow Investment Banking. Ms. Yermack and Mr. Weil have more than 40 years of combined investment banking experience. Ms. Yermack has over 15 years of experience in M&A transactions within the packaging sector. She joined Mesirow in 2011 and has led numerous successful transactions.
With 62 consecutive years of dividend raises, Coca-Cola is one of the safest and most consistent Dividend Kings. Its high yield, track record, and recession-resistant business model make Coke the embodiment of a blue chip dividend stock. However, there are plenty of other reliable dividend stocks. Union Pacific (NYSE: UNP) is one of North America's largest railroads, with a particular focus on the western two-thirds of the U.S.
Harvey Performance Company , a provider of carbide end mills and cutting tools and a portfolio company of Berkshire Partners , has acquired ATA Group. Harvey Performance Company designs and manufactures specialized cutting tools used to cut and shape metals in precision machining applications. Customers of the company are active in the aerospace and defense, medical, automotive, industrial motors and telecommunications sectors.
As of this writing, Apple (NASDAQ: AAPL) is the world's most valuable enterprise, with a massive market cap of $3.5 trillion. It has become a global technology and cultural icon. That huge valuation is thanks to impressive returns. Since July 2019, shares have soared 357% (as of July 9, 2024), easily outpacing the 137% total return of the Nasdaq Composite Index.
Dallas-based private equity firm Valesco Industries has made an investment in Earthlite, a California-based provider of wellness equipment and products including consumable supplies and accessories for the spa and massage markets. The deal, which saw Valesco complete a majority buyout of the previous ownership group in partnership with management, is the third platform investment from the firm’s Valesco Fund III.
Shiba Inu (CRYPTO: SHIB) has only traded at fractions of a penny since its launch nearly four years ago. The meme token, which was created as a parody of Dogecoin (CRYPTO: DOGE) , started trading at $0.000000000056, hit an all-time high of $0.000086 in October 2021, but now trades at about $0.000018. However, that means a $100 investment would have grown to $153.57 million before shrinking back to roughly $30.36 million today.
London-headquartered private equity firm Tioopo Capital has made the first close of its inaugural fund, Tioopo TP1, at 40% of its €80m target. The fund, which has already completed its first acquisition in France and is in talks for its second investment in the UK, was backed by anchor investors and family offices across the Middle East and Europe, according to a press statement.
The Nasdaq-100 tracks the 100 largest nonfinancial companies in the Nasdaq Composite (NASDAQINDEX: ^IXIC) , a growth-focused index heavily weighted toward the technology sector. Super Micro Computer (NASDAQ: SMCI) will replace Walgreens Boots Alliance in the Nasdaq-100 before the market opens on Monday, July 22. Supermicro has become popular with investors in recent months due to its role in the artificial intelligence (AI) economy.
Chicago-based private equity firm Madison Dearborn Partners is to sell LinQuest, a specialist in space systems and technology solutions for the defence and intelligence communities, to KBR, a provider of science, technology and engineering solutions to governments and companies globally. LinQuest is being acquired in an all-cash transaction that is expected to be completed by Q4 2024, pending regulatory approval and other customary closing conditions.
Investors can be forgiven for not knowing what to make of Snowflake (NYSE: SNOW). The stock fell over the last year as several issues came to light. It dropped from its 52-week high following the sudden resignation of CEO Frank Slootman, its longtime leader. He was replaced by Sridhar Ramaswamy, who came to Snowflake last year when it acquired internet search company Neeva, the enterprise he founded.
Macy’s took a big hit to its stock price on Monday with news that the US rental giant was terminating discussions with private equity firm Arkhouse Management and Brigade Capital Management over a potential takeover prompting a 13% fall, according to a report by Business Insider. In a press release issued today, Macy’s revealed that it is no longer pursuing negotiations to take the company private with the retailer claiming the failure of the two investment firms to present a viable propos
For more than a century, Wall Street has been a bona fide wealth-creating machine. Although other asset classes have delivered nominal gains for investors, including housing, gold, and Treasury bonds, no other asset class comes remotely close to the average annual rate of return that stocks have generated over the last 100 years. While there is no shortage of strategies that can make long-term investors richer on Wall Street, few match the return potential of buying and holding high-quality divi
Dunes Point Capital, the private equity house set up by former Blackstone and GSO Capital exec Tim White, has named Jennifer Rogg as its new head of investor relations. The post Dunes Point Capital brings in investor relations veteran Rogg to lead capital raising first appeared on AltAssets Private Equity News.
The "Magnificent Seven" is a term that describes seven of the world's largest tech companies, many of which have been among the best-performing stocks over the past few years. The companies are Apple , Microsoft (NASDAQ: MSFT) , Amazon (NASDAQ: AMZN) , Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , Meta Platforms , Nvidia , and Tesla. Each Magnificent Seven company is an industry leader in its own right and at the forefront of many innovations.
PARTNER CONTENT F und finance is witnessing exponential grow th, b ut this comes with escalating operational requirements for sponsors and lenders as they scale these facilities. Sumit Gupta, Co-Founder and Managing Director of Oxane Partners – named New Solution of the Year at the Private Equity Wire European Credit Awards for its leverage facility management solution – shares how sponsors and lenders can unlock scalability as they grow.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content