The Motley Fool
JULY 10, 2024
Shares of SoundHound AI (NASDAQ: SOUN) jumped as much as 24.2% in trading on Wednesday after the company announced a major integration with Stellantis brands. Models will be built with the SoundHound Chat AI voice assistant built in, and some capabilities will even be compatible with previously released models. Shares held most of their gains and are up 22.2% in trading as of 3 p.m.
Private Equity Professional
JULY 10, 2024
Sentinel Capital Partners has formed Spectrum Safety Solutions as a new platform, and it has acquired the industrial fire business of publicly traded Carrier Global at an enterprise value of $1.4 billion. Spectrum is a manufacturer of industrial fire detection and suppression products sold under the Autronica, Det-Tronics , Marioff , and Fireye brands.
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The Motley Fool
JULY 10, 2024
Nvidia (NASDAQ: NVDA) stock skyrocketed 150% in the first half of 2024. (Shares are up 165% through July 9.) That performance clinched the artificial intelligence (AI) chip leader the silver medal for best performers on the S&P 500 index. The gold medal went to Super Micro Computer , a server specialist that's also benefiting from surging adoption of AI.
Private Equity Info
JULY 10, 2024
Using our M&A research database , we updated our tracking of private equity Holding Periods to include data from 2000 through 2024, year-to-date.
The Motley Fool
JULY 10, 2024
Shares of chip giant Intel (NASDAQ: INTC) have been stuck in the doldrums for the past few years. The company has been losing market share to rival AMD , and its multi-year plan to become one of the world's largest foundries is still in its early stages and has yet to pay off financially. Throw in a deep downturn in the PC market that wrecked the company's profit, and it's not surprising that Intel stock has taken a beating.
FinSMEs
JULY 10, 2024
Hayden AI Technologies, Inc., a San Francisco, CA-based company which specializes in vision AI solutions for smart cities, raised $90M in Series C funding. The round was led by The Rise Fund, with participation from Drawdown Fund and Autotech Ventures, among others. The company intends to use the funds to accelerate its research, development and […] The post Hayden AI Raises $90M in Series C Funding appeared first on FinSMEs.
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Private Equity Professional
JULY 10, 2024
Triton Pacific Healthcare Partners has closed its sale of BioMatrix Specialty Infusion Pharmacy to Frazier Healthcare Partners. Triton Pacific and ACON Investments acquired BioMatrix in November 2016. During their ownership term, BioMatrix closed five add-on acquisitions which expanded the company’s geographic footprint, built its management team, and expanded its drug portfolio and infusion operations.
The Motley Fool
JULY 10, 2024
Many investors could be kicking themselves for not buying shares of Broadcom (NASDAQ: AVGO) before now. Since October 2022, the share price of the semiconductor and software company has nearly quadrupled. Broadcom stock is up over 50% so far this year. And a potential catalyst is imminent. Here's the top reason to buy Broadcom stock before its 10-for-1 stock split after the market close on July 12.
Private Equity Professional
JULY 10, 2024
Swander Pace Capital has made an investment in Inovata Foods , a maker of private label frozen entrées. Inovata Foods specializes in producing a range of frozen meals, including pasta, rice-based dishes, poultry, Mexican, seafood, Italian, Asian, and vegetarian options. The company’s products are sold to the retail, club store, and foodservice markets in both Canada and the United States.
The Motley Fool
JULY 10, 2024
In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the recent (up to) $5 billion investment that Volkswagen (OTC: VWAGY) committed to electric car maker Rivian Automotive (NASDAQ: RIVN). *Stock prices used were from the afternoon of June 25, 2024. The video was published on July 9, 2024. Should you invest $1,000 in Rivian Automotive right now?
FinSMEs
JULY 10, 2024
Skild AI, a Pittsburgh, PA-based AI robotics company, raised $300M in Series A funding, at $1.5 Billion valuation. The round was led by Lightspeed Venture Partners, Coatue, SoftBank Group, and Jeff Bezos (through Bezos Expeditions), with participation from Felicis Ventures, Sequoia, Menlo Ventures, General Catalyst, CRV, Amazon, SV Angel, and Carnegie Mellon University.
The Motley Fool
JULY 10, 2024
2024 has generally been a great time to own tech stocks. For example, owning well-established companies like Nvidia , Amazon , and Alphabet would have given investors 30% to 150% returns in just the first half of the year. These companies share some commonalities. They are leaders in their respective fields, and their futures look bright as they ride significant trends like artificial intelligence (AI).
FinSMEs
JULY 10, 2024
ThirdFi, a Singapore-based provider of a web3 infrastructure protocol that empowers web3 users with identity and developers with api and sdk, has raised $2M in token financing. Backers included Techstars, Chainlink, Outlier Ventures, Alphabit Capital and others. The company intends to use the funds to expand operations and its development efforts. Founded in 2022 and graduated from Techstars […] The post ThirdFi Raised $2M in Token Funding appeared first on FinSMEs.
The Motley Fool
JULY 10, 2024
Image source: Upsplash/The Motley Fool Joining a warehouse club like Sam's Club can be an excellent financial move. While you must pay an annual membership fee to shop here, you can score members-exclusive deals when stocking up on everyday essentials. The best part is you don't have to overspend to get a great deal. I'll share a few fantastic Sam's Club finds that you can buy for under $50 each. 1.
FinSMEs
JULY 10, 2024
Lekko, a San Francisco, CA-based company helping developers to build software through dynamic configuration, raised $4.5M in Seed funding. The round was led by Addition and LUX Capital with participation from BoxGroup, SV Angel, Abstraction Capital and angel investors included Thomas Chen, Julianna Lamb, Peter Edge and others. The company intends to use the funds […] The post Lekko Raises $4.5M Seed Funding appeared first on FinSMEs.
The Motley Fool
JULY 10, 2024
Long-term investing is the key to generating sustainable returns in the stock market. Perhaps few will understand this better than Nvidia (NASDAQ: NVDA) shareholders, who have enjoyed total returns of more than 3,000% during the past five years despite challenges like the COVID-19 pandemic and rising interest rates, which crushed many stocks in the short term.
FinSMEs
JULY 10, 2024
San Francisco, United States / California, 10th July 2024, Chainwire The post Agoric Unveils Orchestration for Next-Gen Web3 Applications appeared first on FinSMEs.
The Motley Fool
JULY 10, 2024
Amazon (NASDAQ: AMZN) is one of the latest additions to the $2 trillion valuation club. This exclusive group comprises only five companies, but these also happen to be some of the most dominant businesses on the globe. While many in this group have strong investment cases, I believe Amazon's case is just as good, if not better, than the rest. I've got three fantastic reasons why Amazon is a strong buy now and investors should consider adding its shares to their portfolios. 1.
AltAssets
JULY 10, 2024
Social infrastructure investor Newcore Capital has brought in industry veteran Anne Copeland as head of institutional capital. The post Newcore Capital names specialist fund development veteran Copeland as head of institutional capital first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 10, 2024
Nvidia (NASDAQ: NVDA) is one of the most closely watched companies in the world. It was once primarily known as a top supplier of gaming GPUs for PCs, but it subsequently evolved into the dominant producer of high-end data center GPUs. Nvidia now generates most of its revenue from its data center GPUs, and demand for those chips is still outstripping supply as the artificial intelligence ( AI ) market expands.
Private Equity Wire
JULY 10, 2024
Blue Owl Capital, a €162bn alternative asset manager know for its private credit, GP strategic capital and real estate platforms, has appointed Antonis Maggoutas as a managing director and Head of DACH for its Institutional Business Development team. Based in the firm’s newly opened Frankfurt office, Maggoutas will oversee Blue Owl’s DACH sales and client services activities across all of the firm’s investment platforms, with the aim to engage with key clients and prospects acr
The Motley Fool
JULY 10, 2024
Warren Buffett doesn't own every stock he likes or that would fit with his investing strategy. There are simply too many stocks out there. Many investors, however, will still mimic the moves his company Berkshire Hathaway makes and buy the stocks Buffett buys. The problem is that if you're copying those moves, a stock's value might have changed drastically by then, which will affect your return.
Private Equity Wire
JULY 10, 2024
North Sky Capital (North Sky) has held the final close of its latest impact secondaries fund, Clean Growth VI (CG VI), with $250m of capital commitments from a range of investors including pension plans, foundations, wealth management platforms and family offices from across the United States, Canada, Brazil, Singapore and the UK/Europe. The goal of the fund is to generate strong private equity returns for its investors, while also creating positive environmental and social benefits.
The Motley Fool
JULY 10, 2024
Growth stocks are all the rage on Wall Street right now, with stocks like Nvidia and Microsoft driving the markets toward record highs. They aren't alone. Growth stocks like CrowdStrike and Arm Holdings also trade at nosebleed valuations. Stocks trading near or over 30 times sales should give investors pause. ARM PS Ratio data by YCharts. The rush into growth stocks leaves many high-quality dividend stocks overlooked.
Private Equity Wire
JULY 10, 2024
Blackstone has appointed Tyler Dickson, formerly Global Head of Investment Banking and Vice Chair of Banking & International at Citi, in a newly-created role leading client relations at Blackstone Credit & Insurance (BXCI). As Global Head of Client Relations, Dickson will oversee BXCI’s Institutional Client Solutions team, and more broadly partner on BXCI’s origination efforts with borrowers around the world.
The Motley Fool
JULY 10, 2024
On June 12, in conjunction with the results of its fiscal 2024 second quarter (ended May 5), Broadcom (NASDAQ: AVGO) announced plans to initiate a 10-for-1 stock split. Shareholders of record as of Thursday, July 11, will receive nine additional shares for each share of common stock they own. The split will be conducted after the market close on Friday, July 12, and the stock will begin trading on a split-adjusted basis when the market opens on Monday, July 15.
AltAssets
JULY 10, 2024
Monomoy Capital Partners has soared past the $1.6bn target for its fifth flagship fundraise to reach a $2.25bn final close for the vehicle. The post Monomoy shrugs off choppy PE fundraising market, soars past $1.6bn Fund V target to reach $2.25bn first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 10, 2024
Image source: Getty Images Got a debit card in your wallet? The data says you probably do -- research from The Motley Fool Ascent found that in 2021, 93% of American adults had a debit card (according to the Federal Reserve). A debit card is a convenient way to pay for purchases, but it's also a direct link to money in your bank account. Credit cards don't link to your own money; instead, when you use one, you're borrowing from the card's issuer and paying it back when you pay your bill.
Private Equity Wire
JULY 10, 2024
The Los Angeles City Employees’ Retirement System (LACERS), which manages $23.1 billion in assets, has committed up to $110 million to various private equity funds, according to a report by Pensions & Investments citing officials at the pension fund. LACERS has allocated $50m to two funds managed by Spark Capital – a commitment of up to $33m in Spark Capital Growth Fund V, a late-stage growth venture capital fund, which focuses on investments in digital media and technology companies w
The Motley Fool
JULY 10, 2024
It can be tough to buy a stock when its share price is soaring. As the stock gets more expensive, you must cough up more money to own a slice of the business. But there's normally a good reason why the stock's price is rising steadily, and it's usually tied to its business fundamentals. Legendary investor Warren Buffett says that "if a business does well, the stock eventually follows.
Private Equity Wire
JULY 10, 2024
Kennedy Lewis Investment Management (Kennedy Lewis), an alternative credit manager with around $16bn under management, has formed a strategic partnership with the California State Teachers’ Retirement System (CalSTRS) focused on senior corporate lending for non-sponsored borrowers. In addition to investments in Kennedy Lewis’ core lending strategy, CalSTRS will provide Kennedy Lewis with $200 million of seed capital to support the growth of its non-exchange traded, perpetual-life Business
The Motley Fool
JULY 10, 2024
Investors looking for a way to pump up their passive income stream with dividend-paying stocks are having a tough time lately. The benchmark S&P 500 index has risen a stunning 43% since the end of 2022. The gains have been terrific for the stocks already in our portfolios, but finding reliable dividend payers that still offer high yields is a lot harder than it used to be.
AltAssets
JULY 10, 2024
Healthcare and business services investor Avesi Partners has hit a $1.35bn hard cap final close for its sophomore fund after just a few months of capital raising. The post Avesi Partners follows oversubscribed $875m debut fund with $1.35bn hard cap Fund II close first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 10, 2024
Saving for retirement can be incredibly difficult, and there's no silver bullet to help you save millions overnight. There's one simple move, though, that can supercharge your savings with little effort on your part: Take advantage of employer matching contributions. Effortlessly increase your savings Many 401(k) plans offer an employer match , which can instantly double your savings.
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