Fri.Dec 01, 2023

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Buying Tesla Taught Me a Costly Lesson

The Motley Fool

Once upon a time, I was convinced that Elon Musk was a genius with a world-changing vision. I bought my first Tesla (NASDAQ: TSLA) shares in the summer of 2014, citing five unique company qualities. I liked the company's radical approach to research and development, the game-changing value of lifetime Supercharger fill-ups for free, and the dealer-less system of factory-direct car sales.

Buyout 246
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LFM bets on SisTech circuit boards as manufacturing moves back to the US

PE Hub

SisTech is the sixth platform company in LFM’s third fund of $310m, which closed in 2022. The post LFM bets on SisTech circuit boards as manufacturing moves back to the US appeared first on PE Hub.

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Could CRISPR Therapeutics Become the Next Vertex Pharmaceuticals?

The Motley Fool

Biotech companies CRISPR Therapeutics (NASDAQ: CRSP) and Vertex Pharmaceuticals (NASDAQ: VRTX) are often mentioned in the same sentence. That's because they have been partnering to develop a groundbreaking gene-editing therapy for a long time, and their efforts are about to pay off. However, there are important differences between these two drugmakers.

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Rite Aid auctions postponed; LFM finds opportunities in US-based manufacturing of circuit boards

PE Hub

'A lot of printed circuit board assembly had moved offshore but we have seen, probably over the last six or seven years, a trend towards moving manufacturing back to the US,' said LFM Capital’s Steve Cook. The post Rite Aid auctions postponed; LFM finds opportunities in US-based manufacturing of circuit boards appeared first on PE Hub.

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Looking for a Side Hustle? Here Are 5 Unexpected Financial Hurdles Every New Rideshare Driver Faces

The Motley Fool

Image source: Getty Images When most of us think of side hustles, ridesharing is probably one of the first to come to mind. It can be a great gig -- flexible hours, no need to market yourself or find an existing client base -- but it also has its challenges. Below, we'll look at five financial challenges new rideshare drivers face and how you can overcome them.

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Everyone is Irrational

A Wealth of Common Sense

I heard an old Norm Macdonald joke once that went something like this: An optimist looks at the glass as half full. A pessimist looks at the glass as half empty. I’m a pessimist and I look at the glass as half full…but I might have bowel cancer. I am a glass-is-half-full guy but tend to lean optimistic unlike Norm. Just think about all that we’ve accomplished as a species.

Finance 145

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Sycamore Partners Acquires Chico’s FAS for $1bn

Private Equity Insights

After not finding any better offers, Fort Myers-based retailer Chico’s FAS is moving ahead with a plan to sell itself to a New York-based private equity firm for $1bn. A “go-shop” period to seek better offers has expired and a required waiting period under federal anti-trust laws has ended, without issue, allowing the deal to move forward.

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Nvidia CEO Jensen Huang Says That AI Will Rival Human Capabilities in 5 Years. Here Are 4 Stocks to Buy Now If He's Right.

The Motley Fool

Artificial intelligence (AI) is advancing rapidly -- and it's perhaps doing so more quickly than many realize. Nvidia (NASDAQ: NVDA) CEO Jensen Huang has an unparalleled view of the breakneck AI changes that are underway. His company's chips are the gold standard for powering AI apps. Huang spoke at The New York Times DealBook summit on Nov. 29 and told the audience that AI will rival human capabilities in as few as five years.

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Ares Management-Backed London Square Acquired for £230m

Private Equity Insights

Abu Dhabi-based real estate firm, Aldar Properties, said it has bought the developer behind the Nine Elms shopping complex at Battersea Power Station for £230m. The developer, London Square, was founded in 2010 and has a development pipeline worth over £2bn, including the Nine Elms development. Aldar Properties’ Chief Executive Officer Talal Al Dhiyebi said in a statement on Friday that the purchase is the firm’s first market entry outside the Middle East and forms part of its international exp

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Is This the Savings Milestone You Should Reach Before Retirement?

The Motley Fool

One of the trickiest things about socking money away for retirement is trying to figure out how much to save. You'll often hear that rather than landing on a random number, like $1 million, you should instead base your savings goal on your personal needs. To that end, you'll often hear that it's a good idea to retire with 10x your ending salary socked away in an IRA or 401(k) plan.

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TPG and ALTÉRRA Partner on $1.5bn Climate Investment Initiative Within $10bn Fundraising

Private Equity Insights

TPG, a leading global alternative asset management firm, and ALTÉRRA , the world’s largest private investment vehicle for climate change action launched at the World Climate Action Summit at COP28, today announced an aggregate $1.5bn commitment to the next generation of TPG Rise Climate private equity funds, including its new Global South Initiative.

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2 High-Yield Dividend Stocks to Buy in December and Hold for the Next Decade

The Motley Fool

There are endless ways to make your money work for you on Wall Street but few are as consistently successful as buying dividend-paying stocks. Companies can't pay quarterly or monthly dividends to their shareholders unless they already have reliable profits. Plus, making regular dividend payments that rise year after year forces management teams to focus on what's most important instead of chasing every potential growth initiative that presents itself.

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Hahn & Co. Considers Selling Stake in SK Shipping for $10bn

Private Equity Insights

South Korean buyout firm Hahn & Co. is reviewing strategic options for its majority stake in SK Shipping Co., including a sale that could value the company at about $10bn including debt, according to people familiar with the matter. Hahn & Co. is working with financial advisers as it weighs a potential partial or full sale of its stake, the people said, asking not to be identified because the matter is private.

Stakes 130
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Could Bitcoin Be Worth More Than $1 Trillion in 2024?

The Motley Fool

With Bitcoin (CRYPTO: BTC) up more than 125% this year, it's becoming increasingly possible that this high-flying crypto might surge through the $1 trillion valuation mark sometime next year. Given Bitcoin's circulating supply of roughly 20 million coins, a valuation of $1 trillion implies a price of about $50,000. This represents a 30% gain from today's price of almost $38,000.

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Glenwood Private Equity’s 54% Stake in PIAM bought by Arkema, Valued at €728m

Private Equity Insights

Arkema (Paris:AKE) finalized on 1 st December 2023 the acquisition of Glenwood Private Equity’s 54% stake in the listed South Korean company PI Advanced Materials (PIAM). This acquisition complements Arkema’s portfolio of high-performance technologies for the high-growth markets of advanced electronics and electric mobility. With more than 30% market share, PIAM, based in South Korea, is the global leader of polyimide films used in the high-growth and high value-added markets of mobile de

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Crypto Crash: Can Shiba Inu Reach $1 in 2024?

The Motley Fool

Shiba Inu (CRYPTO: SHIB) is one of the most popular cryptocurrency tokens at the speculative end of the industry. In 2021 it delivered one of the greatest returns in financial market history; a perfectly timed investment of just $3 on Jan. 1 would have made you a millionaire by the end of that year. But the crypto market collapsed in 2022, and despite an attempted recovery in 2023, the total value of all tokens in existence remains 50% below its all-time high of $2.8 trillion.

Finance 246
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Brookfield, TPG and BlackRock Back $30bn Climate Fund with UAE

Private Equity Insights

The United Arab Emirates is preparing to announce a new $30bn climate-focused investment fund during COP28 with backing from some of the world’s biggest investors including BlackRock (BLK.N) , three sources with knowledge of the matter told Reuters. The sources said the UAE would provide the bulk of the money and private equity firm TPG and infrastructure investor Brookfield would also be involved.

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Why QuantumScape Shares Popped Friday

The Motley Fool

The stock market is starting December on a bullish note, and so is the stock of electric vehicle (EV) battery maker QuantumScape (NYSE: QS). Today's jump of 6.2% as of 2:50 p.m. ET tops off a big week for QuantumScape shares. Yet those gains are coming after an avalanche of stock sales by QuantumScape officers. Insiders have been selling QuantumScape reported its third-quarter results on Oct. 25.

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Wentworth Capital Buys $140m Logistics Portfolio from GPT

Private Equity Insights

Real estate private equity firm Wentworth Capital is again buying a portfolio of logistics assets from the listed GPT, with a deal in train for it to pay more than $140m for key assets in Sydney and Melbourne. The company’s move mirrors a play it made late last year when it snared a $255m portfolio, also from GPT, as it built up its Sydney ­holdings.

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Why Pfizer Stock Is Sinking Today

The Motley Fool

Shares of Pfizer (NYSE: PFE) were sinking 4.4% lower as of 11:10 a.m. ET on Friday after falling as much as 7.1% earlier in the morning. The sell-off came after the company announced that it's throwing in the towel on a twice-daily version of experimental weight-loss pill danuglipron. Pfizer made the decision based on results from a phase 2b clinical study of danuglipron.

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Forecasting Recessions

The Big Picture

The chart above shows that 84% of CEOs are forecasting a recession over the next 12 months, 69% of Consumers saying the same thing, with the yield curve predicting a 61% chance of a contraction. The problem is those sets of forecasts is already 2 months old, dated October 3, 2023. It was before the very encouraging CPI, Unemployment, and GDP data releases.

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The $625 Billion Blunder I Believe Tesla Shareholders Are Making

The Motley Fool

Over the past 10 years, electric-vehicle (EV) maker Tesla (NASDAQ: TSLA) has been one of the top-performing companies within the broad-based S&P 500. As of the closing bell on Nov. 29, Tesla had delivered a nearly 2,800% return over the trailing decade. Additionally, it's become one of the largest publicly traded companies. Tesla's $776 billion market cap has made it an integral part of the Magnificent Seven , which have propelled the broader market higher in 2023.

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Databourg Raises $1M in Seed Funding

FinSMEs

Databourg, a Luxembourg-based environmental data analytic startup, raised $1M in Seed funding. The round was led by Asian Development Bank (ADB) Ventures. The company intends to use the funds to expand operations and its business reach. Led by CEO Ahmad Gharanjik and CTO Julian Krebs, Databourg is an environmental data analytics startup. Originating as a […] The post Databourg Raises $1M in Seed Funding appeared first on FinSMEs.

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Market Slump Got You Down? 1 Supercharged Stock to Buy Now

The Motley Fool

Now may finally be the time for investors to book a position in Booking Holdings (NASDAQ: BKNG). After years of range-bound trading, the former Priceline.com has risen more than 55% this year and the stock achieved a record high earlier this fall. After a pandemic that nearly brought the travel industry to a standstill, Booking has benefited from pent-up demand for travel.

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FirstUp Raises Rs. 2 Crores in Seed Funding

FinSMEs

FirstUp, a Raipur, India-based coworking space startup, raised Rs. 2 Crores in seed funding, at a valuation of Rs. 20 Crores. Backers included angel investors from India Angel Fund. The company intends to use the funds to expand with more centres in the city soon and also other areas in the state and other states. Led […] The post FirstUp Raises Rs. 2 Crores in Seed Funding appeared first on FinSMEs.

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Is It Too Late to Buy Nvidia Stock?

The Motley Fool

All eyes have been on Nvidia (NASDAQ: NVDA) this year as it becomes a key player in artificial intelligence (AI). The company's graphics processing units (GPUs) have become the preferred hardware among AI developers, leading its stock to rise 229% since Jan. 1, alongside soaring earnings. Nvidia's meteoric rise could easily suggest it is far too late to invest in its shares.

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Blackstone brings home $2.6bn for biggest real estate secondaries fund yet

AltAssets

Blackstone has raised $2.6bn for its latest real estate secondaries fund - about a third more than for its predecessor vehicle in the strategy. The post Blackstone brings home $2.6bn for biggest real estate secondaries fund yet first appeared on AltAssets Private Equity News.

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2 Tech Dividend Stocks to Buy and Hold Forever

The Motley Fool

Tech giants Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have a lot in common. Both are among the biggest companies in the world by market cap, have delivered amazing returns to longtime shareholders, and have plenty of growth opportunities to exploit. However, though they aren't known primarily for their dividends, both stocks are excellent choices for income-seeking investors. 1.

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KKR to acquire 37% of Global Atlantic for $2.7bn

Private Equity Wire

KKR & Co. Inc. (KKR) and Global Atlantic Financial Group LLC (Global Atlantic) have announced a definitive agreement under which KKR will acquire the remaining 37% stake of leading insurance company Global Atlantic, increasing KKR’s ownership to 100%. The total cash purchase price is currently estimated to be approximately $2.7 bn. Since 2021, KKR has served as Global Atlantic’s asset manager, offering access to its global investment and origination capabilities for the benefit of GA’s polic

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Why Marathon Digital Holdings Stock Surged Today

The Motley Fool

It's a good time to be a cryptocurrency investor, and by extension it's good to be an investor in cryptocurrency mining businesses. The latest proof of that was Marathon Digital Holdings ' (NASDAQ: MARA) nearly 15% pop in stock price Friday, a move sparked by an analyst price target increase but founded on continuing bullishness for anything crypto-related.

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Eurazeo raises €3.2bn for private debt

Private Equity Wire

Eurazeo, an European investment group, has announced the closing of its sixth direct lending fund, including €2.1bn from third parties, the initial target of €2 billion. Adding in the €900m raised from retail investors, the total scale of Eurazeo’s Private Debt program reaches €3.2bn Since its inception, the program is already over 70% deployed. The Private Debt VI fund has invested in over 50 companies across Europe, operating in resilient, non-cyclical sectors such as business services, hea

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Is It Time to Sell Super Micro Computer Hand Over Fist After Its Latest News?

The Motley Fool

For listed companies, it's always best to wait for the frenzy of the stock market to subside when announcing negative news. That seemed to be the case after market close Thursday when Super Micro Computer (NASDAQ: SMCI) announced a major new secondary stock issue; the following day, investors expressed their displeasure by trading down the shares. Let's take a brief look as to whether this was justified.

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Sustainability is real and smart investors know it

Financial Times: Moral Money

It still matters if companies pollute our waterways, exploit their workers or poison their customers

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3 Signs You Should Not Renew Your Costco Membership Next Year

The Motley Fool

Image source: Getty Images Costco memberships start at $60 a year for a basic membership. It can be well worth the hit to your checking account if you're using the warehouse club regularly and saving money. But that's not everyone's situation. Some people have a Costco membership that shouldn't. Be on the lookout for these three signs you shouldn't renew your membership in 2024. 1.