The Motley Fool
JULY 5, 2024
Croatian automaker Rimac announced a robotaxi concept last week, and Mobileye (NASDAQ: MBLY) is the one powering the company's autonomous driving technology. Could this be a path to millions of vehicles becoming fully autonomous? In this video, Travis Hoium covers the company's strategy to be a key technology provider. *Stock prices used were end-of-day prices of June 30, 2024.
Private Equity Insights
JULY 5, 2024
A $30 billion fund launched by the United Arab Emirates with the declared goal of funneling billions of dollars into climate finance is readying its next round of investments. Alterra, which struck deals worth $6.5 billion with BlackRock Inc., TPG Inc. and Brookfield Asset Management Ltd. late last year, is now “actively planning the next phase of allocations,” Chief Executive Officer Majid Al Suwaidi said in an interview.
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The Motley Fool
JULY 5, 2024
Artificial intelligence (AI) is the hot trend on the market today. While there is certainly some hype associated with it, AI looks to have some staying power and is poised to have a real effect on the economy. People and companies are using AI to use and create all kinds of transformative applications. Photo imaging that's never been done before and data analysis at unheard-of speeds are just two examples.
A Wealth of Common Sense
JULY 5, 2024
My personal finance pipedream for America is that we adopt something like Australia’s retirement system where workers are forced to save a certain percentage of their income for retirement. That pipedream will never happen because Americans hate being forced to do anything. You need to make people think that saving for retirement is their idea.
The Motley Fool
JULY 5, 2024
For almost 60 years, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been wowing Wall Street with his investing prowess. Since becoming CEO in 1965, the affably dubbed "Oracle of Omaha" has overseen a nearly 4,950,000% aggregate return in his company's Class A shares (BRK.A). This explains why roughly 40,000 investors eagerly flock to Berkshire's annual shareholder meeting each year.
Private Equity Insights
JULY 5, 2024
Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for $2.17bn.The deal is expected to be signed soon, said the person, who declined to be identified as the information was private. MBK, Blackstone and Alinamin declined to comment. Blackstone had agreed in August 2020 to acquire Alinamin, then a subsidiary of Takeda Pharmaceutical according to an announcement from the private equity firm at the time.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Insights
JULY 5, 2024
Buyout firm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE. EQT and Kühne Holding AG, the investment vehicle of logistics tycoon Klaus-Michael Kühne, will become long-term anchor shareholders in Flix, according to a statement Thursday confirming an earlier Bloomberg News report. They are investing around €1 billion ($1.2 billion) in Flix in a deal valuing the business at more than €3 billion, people with knowledge of the matter sai
The Motley Fool
JULY 5, 2024
Bank of America analyst Michael Hartnett took a cue from a classic Western film last year when he expanded on the idea of the FAANG stocks, dubbing his new set of the most important companies on Wall Street the " Magnificent Seven. " These commanding megacaps are: Microsoft (NASDAQ: MSFT) Apple (NASDAQ: AAPL) Nvidia (NASDAQ: NVDA) Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) Amazon (NASDAQ: AMZN) Meta Platforms (NASDAQ: META) Tesla (NASDAQ: TSLA) All of them remain dominant forces in today's market -
Private Equity Insights
JULY 5, 2024
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is looking to sell its stake in Saudi Arabian gourmet food producer and restaurant chain Bateel, according to people familiar with the matter. The investment firm is working with UBS Group AG on the sale, the people said asking not to be identified as the information is private.
The Motley Fool
JULY 5, 2024
There might not be anything harder than building a private spaceflight company. One company has done so with consistent commercial success -- SpaceX -- with other start-ups such as Blue Origin failing to gain much traction even with close to unlimited funding from their owners. The opportunity in front of these companies is enormous. Analysts expect the space economy to be worth more than $1 trillion within a decade, but few are seemingly up to the task.
Private Equity Insights
JULY 5, 2024
HSBC is attracting initial interest from peers including BNP Paribas SA and UBS Group AG, for the sale of its German wealth management unit, Bloomberg News reported on Thursday, citing people familiar with the matter. Julius Baer is also among potential bidders for the wealth management business that could be valued at 300 million euros to 600 million euros ($324.4 million-$648.7 million) in a deal, the report said.
The Motley Fool
JULY 5, 2024
Many people find investing daunting, and for good reason. Selecting individual investments can be a confusing, time-consuming, and stressful task. There's always a fear that you might be "wrong" even though everyone is wrong sometimes. Don't let that put you off. There's a simple way to get started, and all you need are two Vanguard exchange-traded funds (ETFs)!
Private Equity Insights
JULY 5, 2024
Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control costs. The deal comes with luxury retailers battling slowing demand as high interest rates and inflation force customers to crimp budgets, following a luxury retail boom after the pandemic.
The Motley Fool
JULY 5, 2024
Image source: Getty Images If you spend enough time on social media, you'll find them: the financial security bros. They'll tell you how to become more financially secure with their 14-point plans, but they never really tell you what financial security means. This is probably, in part, because financial security can mean a lot of different things to different people, depending on their income and financial situation.
Private Equity Insights
JULY 5, 2024
Private equity firm KKR & Co agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with the matter said on Wednesday. KKR will own Varsity Brands through its Americas private equity fund, the sources said, requesting anonymity because the deal has not yet been announced.
The Motley Fool
JULY 5, 2024
Image source: Getty Images Some expenses in life are unavoidable. And medical bills tend to fall into that category. The problem is that even with health insurance, you might find yourself struggling to keep up with those expenses. If that's the boat you're in right now, take these four steps immediately. 1. Make sure the charges are accurate Just because you receive a medical bill for a certain amount of money doesn't mean that's the correct amount to pay.
Private Equity Insights
JULY 5, 2024
AustralianSuper, the country’s largest pension fund, is shifting money into equities on the expectation that artificial intelligence will fuel further gains in tech stocks. The A$335 billion ($223 billion) fund has started the new financial year 3% overweight in stocks. AustralianSuper has moved money from its fixed interest and cash portfolios to expand its global and domestic equities allocation to about 57.5% of its portfolio, a position it expects to maintain or “possibly” increase, Chief In
The Motley Fool
JULY 5, 2024
Shares of Taiwan Semiconductor (NYSE: TSM) , also known as TSMC, climbed 15.4% in June, according to data provided by S&P Global Market Intelligence. The stock climbed thanks to impressive monthly sales data and bullish news from other companies in the semiconductor industry. TSMC reported impressive monthly sales figures TSMC is one of the few publicly traded companies that provides monthly financial data.
Private Equity Insights
JULY 5, 2024
The $1.7 trillion private-lending industry is still “in batting practice” before it swells to a $25 trillion market, according to one of its powerhouses, Blackstone Inc. Given the funding needs for financing data centers and energy transition, there’s room to grow to hit the $25 trillion mark, Michael Zawadzki, Blackstone Credit and Insurance’s global chief investment officer said Friday in an interview with Bloomberg Television.
The Motley Fool
JULY 5, 2024
Not long ago, I was helping a friend decide whether they should invest for retirement in a traditional IRA versus the Roth version. As we discussed the tax benefits of each account, my friend made a comment along the lines of, "Well, I'd better up my savings game either way, since I can't count on Social Security to pay me a dime." On the one hand, I was kind of glad he said that.
Financial Times: Moral Money
JULY 5, 2024
Only two climate-related proposals received majority support this year, and no diversity initiative cleared 50%
The Motley Fool
JULY 5, 2024
Arm Holdings (NASDAQ: ARM) and Intel (NASDAQ: INTC) are two of the most important chipmakers in the world. Arm is the world's leading designer of mobile CPUs, while Intel is the largest producer of PC and server CPUs. Arm only licenses its designs to other chipmakers, but Intel is an integrated device manufacturer (IDM) that designs, manufactures, and markets its own chips.
Financial Times: Moral Money
JULY 5, 2024
Incoming UK government has made low-carbon growth an organising principle
The Motley Fool
JULY 5, 2024
To turn a relatively small investment into $1 million, you need to look for fast-growing companies operating in a large market. Ideally, you should look for companies growing their revenue at high rates. Companies posting consistently high growth rates in revenue indicates growing demand for a product that is filling a massive market opportunity. That said, let's look at two growing companies that could potentially help you become a millionaire investor. 1.
Private Equity Wire
JULY 5, 2024
An affiliate of HIG Capital, a global alternative investment firm with $64bn of capital under management, is to acquire CGH Group, a manufacturer of large, engineered storage tanks and tank accessories in EMEA. CGH was established in the mid-1990s and is headquartered in Bydgoszcz, Poland. According to a statement, the company applies a fully automated production process of environmentally friendly storage tanks for flammable and hazardous liquids, water, or liquefied petroleum gas, as well as t
The Motley Fool
JULY 5, 2024
Increased demand for artificial intelligence (AI) services created steep competition among tech companies, particularly in the chip market. Hardware like graphics processing units (GPUs) are crucial to training AI models, creating a lucrative opportunity for the companies developing these chips. Nvidia took the lead in AI GPUs, which led its stock price and earnings to skyrocket over the last year.
Private Equity Wire
JULY 5, 2024
Private equity firms have significantly increased their buyouts of British companies, with 95 deals worth a cumulative £13.8bn in the first half of 2024, according to a report by the Times citing industry research. Figures compiled by the Centre for Private Equity and Management Buyout Research at Nottingham University Business School show that across Europe, there were a total of 327 deals valued at €49.6bn, including 11 “mega deals” each worth more than €1bn.
The Motley Fool
JULY 5, 2024
Nvidia (NASDAQ: NVDA) has played a pioneering role in the proliferation of artificial intelligence (AI) technology with the help of its graphics processing units (GPUs), which are being deployed in data centers to train large language models (LLMs) such as ChatGPT, leading to tremendous growth in the company's revenue and earnings. As a result, shares of Nvidia have set the market on fire in the past year, nearly tripling in value.
Private Equity Wire
JULY 5, 2024
IK Partners’ IK VIII Fund has entered into exclusive discussion to sell its stake in Mademoiselle Desserts, a European manufacturer of frozen pastries, to the Emmi Group. Financial terms of the proposed transaction have not been disclosed. In partnership with IK since 2018, Mademoiselle Desserts has acquired Pâtisserie Michel Kremer in 2018; Les Délices Des 7 Vallées in 2019; Planète Gourmet in 2021; and Galana in 2023.
The Motley Fool
JULY 5, 2024
Fool.com contributor Parkev Tatevosian discusses what the latest developments could mean for Tesla (NASDAQ: TSLA) stock investors. *Stock prices used were the afternoon prices of July 1, 2024. The video was published on July 3, 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.
Private Equity Wire
JULY 5, 2024
Private equity firm KKR & Co has agreed a deal to acquire Varsity Brands, a US manufacturer of sports uniforms and school yearbooks, from Bain Capital for approximately $4.75bn, including debt, according to a report by Reuters. The report cites sources familiar with the matter as confirming that the acquisition will see Varsity Brands become part of KKR’s Americas private equity fund.
The Motley Fool
JULY 5, 2024
Investing in equity markets is a reliable, wealth-growing strategy. In the past 33 years, the S&P 500 's average annual return is about 10.6%. It's hard to find a return much better than that elsewhere. Some individual stocks have performed even better, though. Take Vertex Pharmaceuticals (NASDAQ: VRTX) , a leading biotech company whose average annual return since its 1991 initial public offering (IPO) is 15.1%.
AltAssets
JULY 5, 2024
Secondaries volumes could soar by 20% this year to a record of around $137bn, new data from Jasmin Capital suggests, underscoring the accelerating rise of the asset class in recent years. The post Secondaries surge continues as buyers look to snap up small, mid-sized buyout fund stakes first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 5, 2024
Image source: Getty Images Unemployment is low and by most measures the U.S. economy is booming -- but many middle-income Americans are feeling financial hardship. A new survey from the National True Cost of Living Coalition shows that 65% of Americans who are usually identified as "middle class" (defined as earning more than 200% of the federal poverty level, or $62,400 for a family of four in 2024) said that they are struggling financially.
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