Fri.Jul 19, 2024

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Surprise! Here's the Average Net Worth for Americans in Your Age Group

The Motley Fool

When it comes to keeping tabs on your money, net income often steals the spotlight. While knowing your income is important, tracking your net worth is a crucial step to ensure you are progressing toward your financial goals. Essentially, you can think of your net worth as your personal balance sheet. It's the sum of all your assets -- everything you own, such as cash savings, certificates of deposit, and retirement accounts --minus your liabilities, which include everything you owe, such as cred

Debt 246
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Waiting For the Coast to Clear on Inflation

A Wealth of Common Sense

The Fed will likely begin cutting interest rates in the months ahead, for good reason. Last week felt like a victory against high inflation: We’ve now had no price increases on the overall inflation rate for two months.1 Some pundits still aren’t so sure it’s time to take a victory lap just yet. What about the 1970s? There was a spike in inflation at the outset of the decade, it fell, then re-accelerate.

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Social Security's 2025 COLA Could Do Something This Generation Has Never Seen

The Motley Fool

In most years, retirees on Social Security receive a cost-of-living adjustment, or COLA. COLAs are built into the basic design of the program because they have to be. Inflation causes costs to rise, and seniors on fixed incomes must see their Social Security go up as well or they'd be able to buy less each year with their money. While COLAs are common, something very unusual is likely to happen in 2025.

Returns 246
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Star Mountain Capital adds Merrill Lynch alts veteran as MD 

Private Equity Wire

Private credit and secondaries investment firm Star Mountain Capital has appointed James Camarda as Managing Director in its Tampa, Florida office. In his new role, Camarda will work with investors on portfolio optimisation investments and potential liquidity needs through the firm’s secondaries business. Camarda has previously advised financial advisors, family offices, foundations, endowments and individuals on alternative investments, particularly regarding portfolio construction.

Capital 105
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Why You Should Start a Small Business in Retirement: A Guide for Seniors

The Motley Fool

Image source: Getty Images The way we think about retirement is changing. For years, many people saw retirement as a chance to relax and unwind after years in the workforce. Retirees planned to see the world, work on their bucket lists, or spend time with friends and family. The State of Retirement Planning study by Fidelity Investments found that more than half of future retirees now plan to start a business when they retire, and two-thirds plan to do a phased retirement, where they work part-t

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Friedkin family’s deal to buy Everton FC collapses

Financial Times M&A

Club to explore ‘alternative options’ after talks end with US car-dealing billionaire

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PE and credit drive Blackstone’s modest Q2 gain

Private Equity Wire

Blackstone has reported a 3% increase in second-quarter distributable earnings compared to the previous year, attributed to significant asset sales in its private equity and credit divisions, which offset a downturn in real estate, according to a report by Reuters. The performance of the New York-based investment firm reflects the impact of prolonged high interest rates, which have simultaneously hindered and helped various segments of its operations.

Assets 98
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Nvidia and Broadcom Completed 10-for-1 Stock Splits. History Says the Artificial Intelligence (AI) Stocks Will Do This Next

The Motley Fool

UBS analysts estimate that artificial intelligence (AI) spending will approach $1.2 trillion annually by 2027. Semiconductor companies Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) have already benefited from that opportunity, and enthusiasm about their ability to monetize AI has driven both stocks higher. Since November 2022, shares of Nvidia and Broadcom have advanced 765% and 300%, respectively.

Banks 246
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Lloyds Bank and Oaktree Partner to launch £1bn direct lending facility

Private Equity Wire

Lloyds Bank and Oaktree Capital Management, today formed a new strategic partnership to support UK middle-market sponsor-backed borrowers. The two companies are planning to deploy up to £1bn over the next few years in loans of up to £175m. The Lloyds Bank Structured Debt Finance team will partner with Oaktree’s European Private Debt platform to provide clients with a senior debt solution for new buyouts and refinancings with term debt, acquisition and working capital facilities in addition to ag

Banks 98
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Ranked: Best New Business Ideas for July 2024

The Motley Fool

Image source: Getty Images I love entrepreneurs. Having the passion, vision, skill, and willingness to take a chance on a bold new idea is no small thing. Personally, I have started four businesses (three of which have been successful). Now, this is the point in the article where I am supposed to tell you that I learned the most from the business that failed, right?

Startups 246
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Mobeus Equity Partners exits architectural VR studio The Boundary 

Private Equity Wire

Mobeus Equity Partners has exited The Boundary, a provider of architectural visualisation software, to UK private equity firm Kester Capital, which has backed the existing management team. The exit marks the fifth realisation for Mobeus 1. The firm is currently investing Mobeus 2, which completed its seventh investment in May. Mobeus initially invested in The Boundary in 2021, after which the studio’s profits grew by 2.5x, according to a statement.

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Is This One Number From Nvidia a Red Flag for Investors?

The Motley Fool

Nvidia (NASDAQ: NVDA) has wowed investors over the past few years with its earnings growth and its share performance. This happened as the company shifted focus from the gaming industry to a position central to the development of today's most talked-about technology: artificial intelligence (AI). Nvidia makes graphics processing units (GPUs) that power crucial AI tasks like training and inference, as well as a broad array of AI products and services.

Investors 246
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Blackstone passes $20bn for flagship PE fund raise, continues to pull in capital

AltAssets

Blackstone has passed the $20bn mark for its latest flagship private equity fundraise, shaking off a slowdown in the wider PE fundraising market caused by macroeconomic factors. The post Blackstone passes $20bn for flagship PE fund raise, continues to pull in capital first appeared on AltAssets Private Equity News.

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3 Reasons Not to Shop at Aldi Despite the Fantastic Prices

The Motley Fool

Image source: Getty Images As a family of five, I can tell you that second to housing, food is my household's largest monthly expense. We spend more money on groceries than we do on transportation, despite being a two-car household (to be fair, one vehicle is paid off). Because of this, I'm always looking for ways to save money in the course of putting food on the table.

Debt 246
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Hargreaves Lansdown extends £5.4bn takeover offer deadline again

Financial Times M&A

Investment platform says discussions with private equity consortium led by CVC ‘ongoing’

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Should You Buy Tesla Stock Before July 23?

The Motley Fool

Fool.com contributor Parkev Tatevosian previews Tesla 's (NASDAQ: TSLA) quarterly earnings update. *Stock prices used were the afternoon prices of July 15, 2024. The video was published on July 17, 2024. Should you invest $1,000 in Tesla right now? Before you buy stock in Tesla, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Tesla wasn’t one of them.

Returns 245
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Largest Texas pension fund to cut $10bn from PE allocation

Private Equity Wire

The largest public pension find in Texas, the Teacher Retirement System of Texas, which manages some $202bn in assets, has decided to shift almost $10bn out of private equity investments, according to a report by Bloomberg. TRS is reducing its target allocation to private equity from 14% to 12%, below the average 13% for US public pensions. As of March, TRS held $33.7bn in private equity, representing 16.7% of its portfolio.

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Is It Worth It to Buy Gift Cards at Costco?

The Motley Fool

Image source: Upsplash/The Motley Fool As everyday costs rise, many people seek ways to keep more money in their wallets. Shopping at retailers like Costco can offer significant savings on everyday goods like groceries, clothes, toiletries, and household items. But that's not all you can buy at the warehouse club. Costco also sells gift cards at discounted prices.

Banks 245
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Kingswood soars past Fund III target to hit $1.5bn final close in just 90 days

AltAssets

LA-based buyout house Kingswood Capital Management has raced past its goal for its third opportunities fund to reach a $1.5bn final close after just three months in the market. The post Kingswood soars past Fund III target to hit $1.5bn final close in just 90 days first appeared on AltAssets Private Equity News.

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Unlock Hidden Profits: Top 5 Low-Cost Startup Ideas for 2024

The Motley Fool

Image source: Getty Images No matter who you are, there's a good chance you've been daydreaming about your own business. A recent survey found that 42% of Americans have considered starting one. Starting a business requires a lot of time and effort, and many require considerable cash investments. Expenses for the average small business are $40,000 in just the first year.

Startups 244
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Diabetes device maker Embecta explores sale amid slowing profits

Financial Times M&A

Shares are down 70% for the world’s largest maker of insulin pen needles and syringes since it was spun off

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The Average American's Retirement Savings Are Shockingly Low. Here's How to Do Better.

The Motley Fool

The average American thinks you need at least $1.46 million to retire comfortably, according to a recent survey from Northwestern Mutual. Unfortunately, most Americans aren't even close to that number, or even on a path to reach a fraction of it. That's a huge problem. With fewer employers offering retirement pensions and potential cuts to Social Security in the future, retirees will have to count more on their own savings.

Taxes 243
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UK & Ireland lost its crown as Europe’s biggest VC capital raising region in H1

AltAssets

The UK & Ireland has been knocked from its top spot as Europe's king of venture capital fundraising for the first time since 2018, new research from PitchBook shows. The post UK & Ireland lost its crown as Europe’s biggest VC capital raising region in H1 first appeared on AltAssets Private Equity News.

Capital 75
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Looking for Dividends and Growth? You Won't Regret Buying These 2 Top Stocks

The Motley Fool

A one-size-fits-all investment strategy doesn't exist, and this is wonderful because it means investing allows for plenty of flexibility. Some investors will win with an aggressive growth portfolio, while others may reach success with a focus on safe stocks that generate passive income. But there is one investment that could find its spot in any portfolio -- and during any market environment.

Prospects 242
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Lyten Receives Investment from Luxembourg Future Fund 2

FinSMEs

Lyten, a San Jose, CA-based supermaterial applications company and global leader in Lithium-Sulfur battery technology, received an investment from The Luxembourg Future Fund 2. The investment will support the development of locally sourced, locally manufactured batteries in Europe for the Electric Vehicle (EV), mobility, space and defense industries.

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Here's What You Need to Know About Medicare If You're Saving In an HSA for Retirement

The Motley Fool

There are different tools you can use to save money for retirement. Workers commonly contribute to IRAs or 401(k)s in the course of setting themselves up for the future. But if you're eligible for a health savings account, or HSA, then it pays to take advantage of that option. An HSA is technically not a retirement savings plan like a 401(k) or IRA.

Taxes 241
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Rona Therapeutics Raises $35M Series A+ Financing

FinSMEs

Rona Therapeutics, a Shanghai, China-based clinical stage platform company which specializes in nucleic acid drug research and development, raised $35M in Series A+ funding. The round was led by LongRiver Investments with participation from new and existing global investment funds The company intends to use the funds to progress metabolic siRNA pipeline programs into global […] The post Rona Therapeutics Raises $35M Series A+ Financing appeared first on FinSMEs.

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Prediction: This Stock Will Benefit Even More Than Nvidia From the AI Boom

The Motley Fool

When you think of artificial intelligence (AI) winners, Nvidia (NASDAQ: NVDA) may be the first to come to mind. The company holds 80% of the AI chip market, with its graphics processing units (GPUs) powering some of the most important workloads out there. Nvidia's earnings have climbed in the triple digits in recent quarters thanks to this dominance, and its stock's performance has followed.

Returns 241
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Saronic Raises $175M in Series B Funding; Valued at $1 Billion

FinSMEs

Saronic, an Austin, TX-based defense technology company, raised $175M in Series B funding, at $1 Billion valuation. The round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, among others. The company intends to use the funds to accelerate its growth both domestically […] The post Saronic Raises $175M in Series B Funding; Valued at $1 Billion appeared first on FinSMEs.

Funds 69
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Should You Buy SoFi Stock Before July 30?

The Motley Fool

Fool.com contributor Parkev Tatevosian answers whether investors should buy SoFi (NASDAQ: SOFI) stock at current valuations. *Stock prices used were the afternoon prices of July 16, 2024. The video was published on July 18, 2024. Should you invest $1,000 in SoFi Technologies right now? Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t

Returns 237
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Truvius Raises $3.2M In Funding

FinSMEs

Truvius, a Boston, MA-based company empowering systematic investing for digital assets, raised $3.2M in Funding. The round was led by Galaxy Ventures, with participation from New Form Capital, Chainview Capital, and strategic angel investors across traditional investment management and crypto trading firms. The company intends to use the funds to continue pioneering investable model portfolios available through […] The post Truvius Raises $3.2M In Funding appeared first on FinSMEs.

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Experts Are Calling It the Largest IT Outage in History: What's Next for CrowdStrike Stock Now?

The Motley Fool

While many Americans were sleeping last night, information-technology (IT) systems were going down all around the world, including the IT systems for major airlines and banks. Experts are reportedly calling it the "largest IT outage in history." And stock market darling CrowdStrike Holdings (NASDAQ: CRWD) is right at the center of the crisis. CrowdStrike operates a cloud-based cybersecurity software platform.

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Province Receives Strategic Capital Investment From Trivest Partners

FinSMEs

Province, a Las Vegas, NV-based restructuring and financial advisory firm, received a strategic capital investment from Trivest Partners. The amount of the deal was not disclosed. The company intends to use the funds to accelerate its growth plans and further cement its position as a top-tier financial advisory and consulting platform with a diversified service […] The post Province Receives Strategic Capital Investment From Trivest Partners appeared first on FinSMEs.

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Is MGM Resorts International a Buy?

The Motley Fool

Conditions are finally looking up for MGM Resorts International (NYSE: MGM). After years of pandemic lockdowns, its cash-producing casinos in the Chinese special administrative region of Macao are well into a recovery. However, investors with longer memories know the pandemic's effects on the company and other downturns. The question for investors is whether they can earn market-beating returns with MGM Resorts under such conditions.

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