The Motley Fool
JULY 16, 2024
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.
Private Equity Professional
JULY 16, 2024
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.
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The Motley Fool
JULY 16, 2024
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).
Private Equity Professional
JULY 16, 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.
The Motley Fool
JULY 16, 2024
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.
FinSMEs
JULY 16, 2024
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.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
FinSMEs
JULY 16, 2024
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
The Motley Fool
JULY 16, 2024
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.
A Wealth of Common Sense
JULY 16, 2024
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.
The Motley Fool
JULY 16, 2024
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.
FinSMEs
JULY 16, 2024
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.
The Motley Fool
JULY 16, 2024
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.
FinSMEs
JULY 16, 2024
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.
The Motley Fool
JULY 16, 2024
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?
FinSMEs
JULY 16, 2024
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 Motley Fool
JULY 16, 2024
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.
FinSMEs
JULY 16, 2024
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.
The Motley Fool
JULY 16, 2024
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.
Financial Times: Moral Money
JULY 16, 2024
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?
The Motley Fool
JULY 16, 2024
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.
Private Equity Wire
JULY 16, 2024
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.
The Motley Fool
JULY 16, 2024
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.
AltAssets
JULY 16, 2024
Obligo Investment Management has hit a €75m final close for its inaugural Article 9 direct investment vehicle, Obligo Nordic Climate Impact Fund. The post Obligo reaches €75m final close for debut climate impact fundraise first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 16, 2024
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
Private Equity Wire
JULY 16, 2024
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.
The Motley Fool
JULY 16, 2024
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.
Private Equity Wire
JULY 16, 2024
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
The Motley Fool
JULY 16, 2024
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.
AltAssets
JULY 16, 2024
Eurazeo has hit a €706m final close for its debut transition infrastructure programme, well above its initial €500m target. The post Eurazeo soars past target for debut transition infra fundraise to close on more than €700m first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 16, 2024
SoundHound AI (NASDAQ: SOUN) has been popular with those looking for pure-play artificial intelligence (AI) investments. Because many of the most innovative AI companies are either private businesses or inside a division of a big tech company, pure-play investments are few and far between. SoundHound AI's popularity has been evident this year, as the stock has risen nearly 200% in 2024.
Million Dollar Round Table (MDRT)
JULY 16, 2024
By Michael DePilla, MDRT in-language content strategist Connecting with clients and prospects is crucial for finding and keeping clients. Try these ideas from MDRT members to communicate with clients and build critical professional relationships. Financial pyramid When I meet with younger clients, I draw a pyramid on my yellow sheet of paper (I know, I am old school) and explain, “This is your financial pyramid.
The Motley Fool
JULY 16, 2024
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and other semiconductor companies. 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 15, 2024. The video was published on July 15, 2024. Should you invest $1,000 in Nvidia right now?
Private Equity Wire
JULY 16, 2024
Eurazeo has held the final close of its maiden infrastructure programme, which comprises the Eurazeo Transition Infrastructure Fund and a co-investment vehicle, at €706m in aggregate commitments, exceeding the original €500m target. The fund drew support from institutional investors in North America, EMEA and France, including the European Investment Fund, which made a cornerstone commitment of €75m at first closing in November 2022, as well as large consultants, asset managers, banks, pension f
The Motley Fool
JULY 16, 2024
The market for artificial intelligence (AI) accelerators, which provide the incredible computational horsepower necessary to train and run powerful AI models, is dominated by Nvidia. A combination of best-in-class hardware and a software platform that locks in developers has made it next to impossible for competitors to make much headway. Nvidia is almost certain to lose some of its dominance as competitors flood the market with alternatives, and as cloud computing giants design custom AI chips
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