Sat.Apr 27, 2024

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Social Security 2025 COLA Forecast: Here's the Good and Bad News

The Motley Fool

Social Security is a lifeline for millions of older adults, especially as it becomes more difficult to save. With costs continuing to rise and many retirees struggling with a cost-of-living crisis, these monthly checks can go a long way. Many retirees look forward to the annual cost-of-living adjustment (COLA) from the Social Security Administration (SSA) because it usually means an increase in benefits.

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Bob Diamond sets sights on rivalling TikTok with social media start-up

Financial Times M&A

Former Barclays boss to chair lossmaking video platform that claims $3bn value

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Warren Buffett's 3 Best-Performing Stocks So Far in 2024: Are They Buys Now?

The Motley Fool

Warren Buffett is doing it again. Berkshire Hathaway has trounced the returns of the S&P 500 index since Buffett took control of the company in 1965. Buffett continues to beat the market this year with Berkshire's shares up two times higher than that of the S&P. Some of Berkshire's strong gains can be attributed to high-flying stocks in its investment portfolio.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • We might be closer to changing course on climate change than we realized : Greenhouse gas emissions might have already peaked. Now they need to fall — fast. ( Vox ) • Tesla Is Not the Next Ford. It’s the Next Con Ed. Elon Musk’s EV empire is crumbling.

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Here's the Average Social Security Benefit at Ages 62, 65, and 70

The Motley Fool

Whether you realize it or not, Social Security income is a necessity for most retired workers. In 22 years of annual surveys from national pollster Gallup, between 80% and 90% of retired respondents note they lean on their monthly check from Social Security as a "major" or "minor" source of income. Meanwhile, 76% to 88% of future retirees anticipate needing their monthly benefit to cover at least a portion of their expenses.

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KKR to Acquire Broadcom’s End-User Computing Division

KKR

MENLO PARK, Calif.--(BUSINESS WIRE)-- KKR today announced the signing of a definitive agreement with Broadcom Inc. (NASDAQ: AVGO) to acquire its End-User Computing Division (the “EUC Division”) in a transaction valued at approximately $4 billion. Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital and a dedicated strategic.

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KKR Appoints Ruchir Swarup as Chief Information Officer

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced the appointment of Ruchir Swarup as a Partner and Chief Information Officer, effective immediately. In this role, Mr. Swarup will be responsible for driving KKR’s technology strategy and vision. Based in New York, Mr. Swarup will lead the firm’s efforts to embrace new technologies and scale existing technology to create efficiencies and reduce.

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Here's What Happens When Your Credit Score Rises by 20 Points

The Motley Fool

Image source: Getty Images Your credit score is a number that tells lenders how much risk they're taking on by loaning you money. The higher your score, the less risky a borrower you appear, which could lead to not just getting approved for a loan or credit card, but snagging a more favorable interest rate. Getting your credit score to rise by, say, 100 points could open a lot of doors for you on the borrowing front.

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HarbourView Equity Partners Secures Close to $500 Million in Debt Financing from KKR and Other Investors to Expand Music Investment Opportunities

KKR

NEWARK, N.J.--(BUSINESS WIRE)--HarbourView Equity Partners (HarbourView), an industry-leading alternative asset management company focused on investment opportunities in the sports, media and entertainment space, has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties.

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Kinder Morgan Sees Artificial Intelligence (AI) Driving Growth, but Not How You Think

The Motley Fool

During its most recent earnings conference call, midstream giant Kinder Morgan (NYSE: KMI) discussed the benefits that artificial intelligence (AI) will bring to its business. This perhaps is not surprising, as companies from all types of different industries have waxed eloquent about how AI will help their businesses. Some of the uses of AI in non-tech industries have been pretty creative; Wendy's , for example, announced it would use AI to dynamically change menu prices throughout the day to h

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KKR to invest in Encavis AG to accelerate the Company’s long-term growth

KKR

KKR announces the signing of an Investment Agreement with Encavis as part of a takeover offer. The Management Board and the Supervisory Board of Encavis are fully supportive of the strategic partnership and intend to recommend that all shareholders accept the offer.

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3 Top Warren Buffett Stocks to Buy in This Bull Market

The Motley Fool

Since bottoming out in 2022, the S&P 500 index has rocketed to new highs. While no one knows how long this run will last, history shows bull markets tend to last for longer stretches than when the market falls. Of course, Warren Buffett isn't fazed by these ups and downs. He focuses on investments in solid companies that he believes will grow in value over many years.

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KKR to support Ottobock with capital solution

KKR

London and Frankfurt, 15 March, 2024 – KKR, a leading global investment firm, announces today that a consortium of investors, co-led by KKR, has agreed to provide a €1.1 billion financing solution to support the future growth of Ottobock (the “Company”), a global market leader in prosthetics. The financing will also support existing majority shareholder Professor Hans Georg Näder and the Näder Family’s buy back of EQT’s shareholding in the business.

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Why I Love Axon's Artificial Intelligence Play

The Motley Fool

Axon (NASDAQ: AXON) may not be the first company you think of when it comes to artificial intelligence, but the company's new AI product is one of the best use cases I've seen. In this video, Travis Hoium breaks down Axon AI and how it'll make the company's products even better. *Stock prices used were end-of-day prices of April 25, 2024. The video was published on April 26, 2024.

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KKR Invests in Avantus to Support Renewable Energy Deployment in the United States

KKR

Transaction Marks First U.S. Investment from KKR’s Global Climate Strategy NEW YORK--(BUSINESS WIRE)-- Today, KKR, a leading global investment firm, announced the signing of a definitive agreement pursuant to which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S. developer of large utility-scale solar and solar-plus-storage projects.

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Roku Stock Drops After Earnings: An Opportunity?

The Motley Fool

In this video, I will go over Roku 's (NASDAQ: ROKU) first-quarter earnings report, which was better than what the stock's reaction might suggest. Is this an opportunity to make money in the long run? *Stock prices used were from the trading day of April 25, 2024. The video was published on April 26, 2024. Should you invest $1,000 in Roku right now?

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KKR Announces Intra-Quarter Monetization Activity Update for the First Quarter

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced a monetization activity update for the period from January 1, 2024 to March 21, 2024. Based on information available to us as of today, with respect to the period through March 21, 2024, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $350 million.

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Why I Just Added This Ultra-High-Yield Dividend ETF to My Retirement Account

The Motley Fool

The older I get, the more I focus on securing my retirement. I'm concentrating my retirement account on investments that generate passive income and can deliver compelling price appreciation with less volatility. While this strategy might cause me to miss some upside potential, it helps me not lose sleep at night, knowing that my retirement remains on track.

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KKR & Co. Inc. Announces 2024 Investor Day

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) will hold an investor day for the investment community on Wednesday, April 10, 2024 with remarks from 8:00 am to 1:00 pm EDT. The day will feature presentations by KKR’s business leaders. A live webcast as well as related presentation materials will be available to all interested parties through the Investor Center section of KKR’s website.

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Nvidia Owns a 3.4% Stake in This Innovative Artificial Intelligence (AI) Stock Cathie Wood Loves

The Motley Fool

Nvidia (NASDAQ: NVDA) isn't just a leader in developing the key hardware fueling the artificial intelligence (AI) boom. It's a big investor in other AI companies , often including an equity investment in its business relationships. In December, its portfolio of AI stocks surpassed the $100 million threshold, requiring it to file form 13-F with the SEC disclosing all of its holdings.

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Weave Living and KKR Establish Urban Living Strategic Partnership in South Korea

KKR

The venture will target to build an initial portfolio of c.1,200 units primarily in Seoul SEOUL, South Korea--(BUSINESS WIRE)-- WEAVE LIVING (“Weave”), Asia Pacific’s preeminent living sector specialist, and KKR, a leading global investment firm, today announced the establishment of a strategic partnership to invest in rental housing assets in South Korea, with a focus on Seoul.

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Generative AI Software Sales Could Soar 6,260%: My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia)

The Motley Fool

Generative artificial intelligence (AI) uses large language models and other machine learning models to create novel media content like text and speech, images and video, even computer code and gene sequences. Nvidia (NASDAQ: NVDA) CEO Jensen Huang recently called it "the defining technology of our time." Indeed, automating content creation could improve productivity across numerous industries, so businesses are racing to realize the benefits.

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SunFire Announces Investment from KKR

KKR

NEW YORK--(BUSINESS WIRE)-- SunFireMatrix, Inc. (“SunFire” or the “Company”), a leading software and tech-enabled services platform serving the insurance distribution and health plan markets, announced today that it has been acquired by funds managed by KKR, a leading global investment firm. Funds managed by Stone Point Capital LLC, the Company’s previous majority owner, will continue to be a.

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This Is the Average Social Security Benefit for Age 67

The Motley Fool

Social Security was never intended to provide the entirety of your retirement income, for the record. Indeed, given the prospect of reduced payouts beginning roughly a decade from now, the program shouldn't even be expected to provide the bulk of your retirement income. Nevertheless, given your likely future need in addition to the assumption that most projected Social Security benefits will still be paid, it might be nice to know what awaits.

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Guesty Raises $130M to Accelerate Global Expansion

KKR

New York, NY, April 10, 2024 - Guesty, the leading property management software platform for the short-term rental (“STR”) and hospitality industry, today announced a $130M Series F funding round led by leading global investment firm KKR.

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3 Crypto Stocks Up More Than 500% Since 2023

The Motley Fool

Bitcoin (CRYPTO: BTC) has hit new all-time highs this year, and it's up around 300% since 2023. But there have been even better crypto investments investors could have held during that time. Coinbase Global (NASDAQ: COIN) , MicroStrategy (NASDAQ: MSTR) , and CleanSpark (NASDAQ: CLSK) all outperformed the popular digital currency during that time frame.

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KKR & Co. Inc. to Announce First Quarter 2024 Results

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the first quarter 2024 on Wednesday, May 1, 2024, before the opening of trading on the New York Stock Exchange. A conference call to discuss KKR’s financial results will be held on Wednesday, May 1, 2024 at 10:00 a.m. ET. The conference call may be accessed by dialing (877).

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It's Time to Buy AT&T Stock Hand Over Fist

The Motley Fool

Telecom giant AT&T (NYSE: T) slightly missed expectations for revenue and earnings when it reported its first-quarter results on Wednesday, but those headline figures don't tell the whole story. AT&T continued to win new wireless subscribers while keeping churn at record-low levels, and its broadband business impressed. AT&T produced $3.1 billion in free cash flow during Q1, and it maintained its guidance calling for between $17 billion and $18 billion in free cash flow for the full

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KKR and Impilo Announce Strategic Partnership Together With Management in Rare Disease Platform Immedica Pharma

KKR

STOCKHOLM & LONDON--(BUSINESS WIRE)-- Investment funds managed by KKR, a leading global investment firm, have agreed to acquire Immedica Pharma, a pharmaceutical company headquartered in Stockholm, Sweden, focused on the commercialization of medicines for rare diseases and specialty care products. Existing owner, Nordic healthcare investment firm Impilo, will reinvest to become an equal owner.

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Worried About a Stock Market Sell-Off? Buy This Top Vanguard ETF

The Motley Fool

The S&P 500 is still up on the year, but it has pulled back in April. Investors who are worried about further downward momentum have come to the right place. Exchange-traded funds (ETFs) can be an excellent way to achieve diversification and peace of mind during a sell-off -- knowing that you have exposure to multiple different industries and themes.

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Acceptance period for KKR’s voluntary public takeover offer for ENCAVIS AG commences

KKR

24 April 2024 – Elbe BidCo AG (the “Bidder”), a holding company controlled by investment funds, vehicles and accounts advised and managed by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (collectively, “KKR”), today published the offer document for its voluntary public takeover offer (the “Takeover Offer”) for the shares (ISIN: DE0006095003) of ENCAVIS AG (“Encavis”) following the approval by the German Federal Financial Supervisory Authority (“BaFin”).

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Will My Social Security Benefit Increase at My Full Retirement Age?

The Motley Fool

Social Security is poorly understood, even though it forms the backbone of most Americans' retirement plans. Too many workers and seniors misunderstand key benefit rules, and as a result, they miss out on opportunities to supercharge their checks. For example, many believe that the government automatically increases your Social Security benefit once you reach your full retirement age (FRA).

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KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT

KKR

NEW YORK--(BUSINESS WIRE)-- KKR and Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced a definitive agreement for funds managed by KKR to acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion. The over 10,000-bed portfolio is comprised of 19 purpose-built, premium student housing assets anchored to 14 leading four-year.

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Want $1 Million In Retirement? Invest $250,000 in These 3 Stocks and Wait a Decade.

The Motley Fool

One million dollars might not be what it used to be, but it's still a worthy retirement goal. If you have supplementary income, such as Social Security or a pension, $1 million can certainly be enough of a nest egg to help you get through retirement comfortably. While artificial intelligence (AI) stocks have gotten much of the attention from investors these days, there are plenty of opportunities beyond AI for investors looking to grow their portfolios.