Thu.Mar 14, 2024

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Costco CFO Says Kirkland Brand Saves Shoppers 20% a Year

The Motley Fool

Image source: Upsplash/The Motley Fool If you've ever wandered the aisles of Costco before, you've probably noticed the Kirkland name on a host of products. Kirkland is Costco's signature brand. You'll find it on baked goods, milk, apparel, cleaning products, and paper products, to name just a few examples. As a Costco shopper, you may have previously shied away from Kirkland products due to a lack of familiarity with the brand.

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Appropriate Accessibility: Announcing nextNYC Open Office Hours

This is going to be BIG.

Over a decade ago, when I was working for First Round Capital, we opened our doors for “Open Office Hours”—a series of open meetings where any founder could come in and chat with us for 20 minutes each. We met quite a few smart folks. I’m not sure we backed any of the founders—but that wasn’t the point. We made connections, hopefully made a good impression, and potentially helped founders along their journeys with some advice or connections.

Taxes 142
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Could You Make Money by Organizing People's Photos?

The Motley Fool

Image source: Getty Images People are taking more photos than ever before. According to Rise Above Research, an estimated 1.6 trillion photos were taken in 2023, an increase of 7.5% over 2022. But along with the daily fun of sharing food photography or taking selfies with friends, all of these photos are becoming a problem. Many families need help with organizing their photo collections.

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Retirement Planning in your 20s, 30s and 40s

A Wealth of Common Sense

This past week, I received three questions about retirement, all of which concern long-term planning at different stages of life. A reader asks: Chatting with the friends, we all seemed to be relatively close to one another in terms of cash on hand, investments in the market and current incomes. I would love to get your perspective as a professional to understand if we are behind, on par or ahead of the curve for a 28 yea.

Investing 139
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Is It Possible to Retire on Social Security Alone in 2024?

The Motley Fool

The average Social Security retirement benefit in 2024 is $1,906 per month, which works out to $22,872 per year. Ideally, that money serves as a supplement to other sources of retirement income, like 401(k) withdrawals and dividends. But is it possible to survive on Social Security alone in 2024? Social Security is only intended to replace about 40% of income for the average worker.

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The most active private equity investors in Artificial Intelligence and Machine Learning

Private Equity Info

Discover the top private equity investors in Artificial Intelligence and Machine Learning, the leading impacted industries, and early investors in AI and ML companies.

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Pi Health Raises Over $30M in Series A Funding

FinSMEs

Pi Health, a Cambridge, MA-based oncology-focused health technology and clinical research company committed to transforming global access to innovative medicines and clinical trials, raised over $30M in Series A funding. The round was led by AlleyCorp and Obvious Ventures, with additional investments from Invus Capital and leaders in oncology from across the globe.

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10 of the Best Costco Deals for March 2024

The Motley Fool

Image source: Upsplash/The Motley Fool Winter is coming to an end. Are you ready for some spring cleaning, warm weather outdoor activities, or just a bigger TV? If so, check out your local Costco for some exciting springtime deals. Here are a few of the best Costco deals we've found for March 2024. (Note: All prices were listed online as of Feb. 28, 2024 based on the ZIP code of my local Costco warehouse in West Des Moines, Iowa.

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Goodshuffle Raises $5M in Series A Funding

FinSMEs

Goodshuffle, a Washington, DC-based software company for the event rental and production industry, raised $5M in Series A funding. FINTOP Capital made the investment. The company intends to use the funds to hire talent and further build out its event business management software, Goodshuffle Pro, and to launch new solutions. Led by Andrew Garcia, CEO, […] The post Goodshuffle Raises $5M in Series A Funding appeared first on FinSMEs.

Funds 113
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What's Going on With ASML Stock?

The Motley Fool

Fool.com contributor Parkev Tatevosian reviews the latest developments at ASML (NASDAQ: ASML) and what it could mean for investors. *Stock prices used were the afternoon prices of March 11, 2024. The video was published on March 13, 2024. Should you invest $1,000 in ASML right now? Before you buy stock in ASML, 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 ASML wasn’t one of them.

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Nationwide has a lot to lose in its unwise bet on Virgin Money

Financial Times M&A

The potential merger is not a risk-free proposition

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3 Unexpected Advantages of Money Market Accounts Over CDs

The Motley Fool

Image source: The Motley Fool/Upsplash Perhaps no deposit account has had such a massive resurgence over the last year as certificates of deposit (CDs). It's not hard to understand why. The best CD rates are still hovering around 5.5%, with a variety of promotional terms to choose from. Even no-penalty CDs, which typically don't have favorable rates, are ranking high on the best-of charts, with several products on the financial platform Raisin paying out above 5%.

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mmERCH Raises $6.4M in Seed Funding

FinSMEs

mmERCH, a NYC-based blockchain-enabled Web3 fashion startup, raised $6.4m in seed funding round at a $25.7m post-money valuation. The round was led by Liberty City Ventures, with participation from 6529 Holdings LLC, Christie’s Ventures, and Flamingo DAO, and a diverse array of investors from the world of business, fashion, technology and crypto, including CEO and […] The post mmERCH Raises $6.4M in Seed Funding appeared first on FinSMEs.

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Should You Buy This AI Stock That Nvidia is Investing In?

The Motley Fool

While Nvidia (NASDAQ: NVDA) may be one of the top artificial intelligence (AI) stocks out there, it's also making some investments. Because Nvidia had $100 million or more in investments, it was required to file a 13F, which revealed Nvidia's investments to the public. Among its holdings was SoundHound AI (NASDAQ: SOUN) , another AI company. With Nvidia at the forefront of nearly all things AI, taking its advice on what companies it's investing in is a smart move.

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Quintessent Raises $11.5M in Seed Funding

FinSMEs

Quintessent, a Santa Barbara, CA-based heterogeneous silicon photonics and quantum dot laser technology company, closed on over $11.5m in Seed funding round. Osage University Partners (OUP) led the round along with new investors including M Ventures, and joining existing investors Sierra Ventures, Foothill Ventures, and Entrada Ventures. Manny Stockman, a Partner at OUP, will be […] The post Quintessent Raises $11.5M in Seed Funding appeared first on FinSMEs.

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SoundHound AI Fell Today -- Is This Your Chance to Buy the Explosive Artificial Intelligence Stock?

The Motley Fool

SoundHound AI (NASDAQ: SOUN) stock saw a big pullback in Thursday's trading. The audio technology company's share price closed out the daily session down 3.2%, according to data from S&P Global Market Intelligence. SoundHound stock actually opened today's trading session with strong bullish momentum, and it had been up as much as 18.5% earlier in the day's trading.

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Unstructured Raises $40M in Series B Funding

FinSMEs

Unstructured, a San Francisco, CA-based provider of tools to ingest and preprocess large language models (LLMs), raised $40m in Series B funding. The round was led by Menlo Ventures with participation from Databricks Ventures, IBM Ventures, Sacramento Kings Chairman Vivek Ranadivé, Datastax CEO Chet Kapoor, Allison Pickens of the New Normal Fund, and NVentures, NVIDIA’s […] The post Unstructured Raises $40M in Series B Funding appeared first on FinSMEs.

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Here's the Key Reason Meta Platforms Stock Has Soared 547% From Its 2022 Low

The Motley Fool

Meta Platforms (NASDAQ: META) stock suffered a peak-to-trough decline of 76% between September 2021 and October 2022, bottoming at around $90. Meta is the parent of social media platforms Facebook, Instagram, and WhatsApp, but CEO Mark Zuckerberg pivoted the company toward the metaverse in 2021. The shift eroded Meta's profitability because of the metaverse's high capital costs and negligible revenue.

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RedBird IMI favours Telegraph sale after Sunak sought to block deal

Financial Times M&A

Venture between US-based RedBird and Abu Dhabi’s IMI is aiming to recoup £600mn investment

Investing 102
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3 Moves I've Made to Reduce My Monthly Expenses in 2024

The Motley Fool

Image source: The Motley Fool/Upsplash Cutting expenses isn't always easy -- especially if you're already pretty careful about where your money goes. But despite the fact that I've been living within my means for a long time, I was still able to reduce my spending already this year so I can put more money into my savings account for short- and long-term goals.

Financing 246
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Mindfuel Closes €3.75M Seed Funding

FinSMEs

Mindfuel, a Munich, Germany-based data product management company, raised €3.75M in Seed funding. The round was led by Project A Ventures. The company intends to use the funds to accelerate its go-to-market in Europe and the US and further develop the software with over a dozen enterprise customers in Europe. Founded by Nadiem von Heydebrand […] The post Mindfuel Closes €3.75M Seed Funding appeared first on FinSMEs.

Funds 101
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Owe Money on Your Taxes? Here Are Your Options

The Motley Fool

Image source: The Motley Fool/Upsplash Many people who file taxes wind up getting money back from the IRS. But a tax refund isn't a given. And you may end up owing money on your taxes instead of being due money back. Having to pay the IRS can be a bummer. But if you have the money, it may be a matter of writing the agency a check and calling it a day.

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AltAssets private equity deal roundup – March 14, 2024

AltAssets

Nordic Capital is reportedly eyeing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to €3bn. Nordic bought the company four years ago from Dutch consulting firm BearingPoint, and has since bolted-on Irish tech firm Vizor Software, Belgian regtech firm b.fine and Paris-based Invoke Software. The […] The post AltAssets private equity deal roundup – March 14, 2024 first appeared on AltAssets Private Equity News.

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If You Invested $1,000 in Riot Platforms Stock 5 Years Ago, This Is How Much You'd Have Now

The Motley Fool

As the company's name implies, Riot Platforms (NASDAQ: RIOT) is a Bitcoin (CRYPTO: BTC) miner that's not afraid to show its revolutionary streak. Even as Securities and Exchange Commission Chairman Gary Gensler continues to argue that Bitcoin is a "highly speculative, volatile underlying asset," Riot Platforms presses on as a relentless Bitcoin producer.

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Andera Partners sells Amolyt Pharma to AstraZeneca in deal worth up to $1.05bn

Private Equity Wire

Paris-based private equity firm Andera Partners has agreed to sell its portfolio company, Amolyt Pharma, a global biopharmaceutical company specialising in developing therapeutic peptides for rare endocrine and related diseases, to British-Swedish multinational pharma AstraZeneca, in a deal worth up to $1.05bn. Under the terms of the transaction, AstraZeneca will make an upfront payment of $800m, plus a potential milestone payment of $250m.

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Why Coherus Biosciences Stock Tumbled on Thursday

The Motley Fool

The final set of results for Coherus Biosciences ' (NASDAQ: CHRS) 2023 was released after market hours on Wednesday, and investors reacted with displeasure the following day. They traded the stock down by more than 6% Thursday, a much steeper fall than the 0.6% dip of the S&P 500 index. Fourth-quarter revenue doubled, but still fell short of estimates For the quarter, Coherus -- a busy commercial-stage biotech -- posted net revenue of $91.5 million, slightly more than double the $45.4 millio

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HQ Capital sets up in Singapore and appoints Head of Asia 

Private Equity Wire

European private equity firm HQ Capital has opened an office in Singapore and appointed Michael Hu as Managing Director and Head of Asia. In his new role, Hu will lead the firm’s investment and business development activities in Asia and will also join its global executive committee. Prior to joining HQ Capital, Hu was a Managing Director at private equity firm Ardian, based in Singapore.

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3 Stocks I'm Adding to My Retirement Account in March

The Motley Fool

Are you a little leery of jumping into any new stocks right now? If so, you're not alone. The market was looking overbought and overpriced a couple of months ago. Now it's showing signs of weakness, perhaps weighed down by steep valuations and profit-taking pressure. Even a few of the so-called "Magnificent Seven" stocks aren't looking so magnificent anymore.

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Sagard acquires 40% stake in CLO manager HalseyPoint

Private Equity Wire

Sagard, a global multi-strategy alternative investment fund with over $25bn in AUM across venture capital, private equity, private credit, real estate and royalties, is to acquire a 40% stake in US-based CLO manager HalseyPoint. Ina press statement, Sagard said that HalseyPoint’s CLO strategy will broaden its credit offering, which includes opportunistic credit and senior lending across North America.

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1 Ridiculously Cheap Warren Buffett Stock Down 89% to Buy Now and Hold Forever

The Motley Fool

Fool.com contributor Parkev Tatevosian highlights one stock in Warren Buffett's Berkshire Hathaway portfolio that investors can buy now and hold for the long run. *Stock prices used were the afternoon prices of March 11, 2024. The video was published on March 13, 2024. Should you invest $1,000 in Paramount Global right now? Before you buy stock in Paramount Global, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to

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Wind Point seals target-busting $2.3bn Fund X close for first raise since Goldman Sachs bought into firm

AltAssets

Chicago-based buyout house Wind Point Partners has soared past its Fund X target to reach a $2.3bn final close for the vehicle - its first raise since being bought into by Goldman Sachs GP stake investment arm Petershill. The post Wind Point seals target-busting $2.3bn Fund X close for first raise since Goldman Sachs bought into firm first appeared on AltAssets Private Equity News.

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Why SoundHound AI Stock Blasted as Much as 75% Higher This Week

The Motley Fool

Shares of SoundHound AI (NASDAQ: SOUN) charged sharply higher this week, soaring as much as 74.9%, according to data supplied by S&P Global Market Intelligence. As of 1:02 p.m. ET on Thursday, the stock was still up 34%. The springboard that sent the artificial intelligence (AI) specialist soaring was robust results from another company in the AI space.

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SDCL appoints Co-Fund Manager of €650m Green Energy Solutions Fund

Private Equity Wire

Sustainable Development Capital (SDCL) has appointed Philip Doyle, a 20-year energy transition and infrastructure investment industry veteran, as Co-Fund Manager of the Green Energy Solutions Fund (GESF) and Managing Director of its Dublin office. Most recently, Doyle headed up the team for AMP Capital, which managed the €750m Irish Infrastructure Fund.

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Family Dollar Closures Spark Food Desert Concerns. Here's What You Can Do

The Motley Fool

Image source: Upsplash/The Motley Fool Dollar Tree just announced plans to shut 1,000 stores. The majority of the closures will be Family Dollar stores, with 600 slated for closure before the end of the year. Another 370 Family Dollar stores and 30 Dollar Tree stores will close in the following years. This is worrying news for shoppers who now rely on Family Dollar for their grocery shopping.

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