Mon.Apr 22, 2024

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3 Reasons Not to Open a CD Right Now, Even With Rates at 5.30%

The Motley Fool

Image source: Getty Images Certificates of deposit (CDs) lock your money up for a specified term in exchange for a fixed interest rate. They can be an excellent way to boost your savings, especially with many of the best CD rates clocking in at around 5%. What's more, if banks reduce CD rates later this year, as many experts predict, getting a long-term CD now could mean earning high interest at a later date when interest rates are much lower.

Taxes 246
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Arcline Closes Kaman Buy

Private Equity Professional

Arcline Investment Management has completed its take private of publicly traded Kaman, a diversified aerospace and industrial company, at an enterprise valuation of $1.8 billion. Kaman’s aerospace segment manufactures and provides helicopter, fixed wing, and UAV products including landing gear struts, wheels, and brakes; rotor blades; precision ball bearings; actuators and control systems for flight… This content is for members only.

Companies 240
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Why VinFast Stock Is Falling Fast

The Motley Fool

Shares of Vietnamese carmaker VinFast Auto (NASDAQ: VFS) skidded 6.5% through 1:55 p.m. ET Monday on bad news out of India. As The Hindu BusinessLine reported Sunday evening, a plan to have VinFast build a $2 billion car plant in Tamil Nadu, in southern India, is falling apart because of "confusion" over Indian government policy on electric vehicles (EVs).

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Climate Focused GEF Beats Fund II Target

Private Equity Professional

GEF Capital Partners has held a closing of GEF US Climate Solutions Fund II LP with $325 million of capital commitments exceeding the fund’s original $250 million target. Limited partners in Fund II consist of numerous climate change focused institutions including Blue Earth Capital, HQ Capital, ODDO BHF, INGKA Investments, GEM Investments, Första AP-fonden, Quilvest… This content is for members only.

Funds 130
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3 Steps to Claiming the $4,873 Max Monthly Social Security Benefit

The Motley Fool

Many seniors who are forced to retire on Social Security alone end up struggling financially. But a lot of people in that boat aren't collecting $4,873 a month. Rather, they're getting much less. That $4,873 figure represents the maximum monthly benefit Social Security will pay in 2024. Most seniors won't come close to snagging a benefit that high. But here's what it takes to end up with a monthly $4,873 payday.

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Netform Adds-On with Buy of Vickers Engineering

Private Equity Professional

Netform, a portfolio company of Torque Capital, has acquired Vickers Engineering. Torque Capital acquired Netform (then Metal Forming & Coining Corporation) in December 2022. Vickers is a manufacturer of precision machined steel and aluminum components and assemblies used by OEMs and Tier 1 suppliers that operate in the automotive, defense, oil and gas, and rail… This content is for members only.

Capital 130

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Argosy Buys Federal Rent-A-Fence

Private Equity Professional

Argosy Private Equity has acquired a Federal Rent-A-Fence, a provider of temporary chain link fence rental business providing services to construction sites and events. Federal’s products and services include post-driven panels of chain-link fencing, gate frames, and windscreens as well as installation and removal services. According to Federal, repeat customers make up to approximately 90%… This content is for members only.

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Could TSMC Become the Next Nvidia?

The Motley Fool

Nvidia (NASDAQ: NVDA) is often considered the top chipmaking play on the booming artificial intelligence (AI) market. It produces the high-end GPUs that are used to process complex AI tasks at data centers, and sales of those chips are skyrocketing as companies scramble to upgrade their AI capabilities. That's why Nvidia's stock has soared 1,720% over the past five years.

Returns 246
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Pelvital Raises Additional $2.32M in Seed Plus Funding

FinSMEs

Pelvital USA, Inc., an Eagan, MN-based women’s health company, closed an additional $2.32M in its seed-plus funding round. The round was led by Boomerang Ventures, with participation from Pier 70 Ventures, Life Science Angels, Tech Coast Angels Orange County, and Blue Pacific Fund. Concurrent with the close, Preetha Ram, PhD, Managing Partner at Pier 70 Ventures, joined the Pelvital […] The post Pelvital Raises Additional $2.32M in Seed Plus Funding appeared first on FinSMEs.

Funds 118
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How Rocket Lab Outgrew Billionaire Elon Musk's Space Company in Q1

The Motley Fool

Rocket Lab (NASDAQ: RKLB) stock is on a tear. Over just the past week, Rocket Lab has announced: A $32 million U.S. Space Force contract to put a "VICTUS HAZE Tactically Responsive Space" satellite in orbit. Another Space Force contract to launch a DISKSat into very low earth orbit for $14.5 million. Plans to reuse one of its Electron first-stage rockets in an orbital launch for the first time ever.

Companies 246
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Midas Raises $45M in Series A Funding

FinSMEs

Midas, an Istanbul, Turkey-based retail investing startup, raised $45M in Series A funding. The round was led by Portage, with participation from International Finance Corporation, and Spark Capital, Earlybird Digital East Fund, and Revo Capital. The company intends to use the funds to roll out a host of new product lines including crypto trading, mutual […] The post Midas Raises $45M in Series A Funding appeared first on FinSMEs.

Funds 116
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2 Dividend Stocks to Double Up on Right Now

The Motley Fool

Recent research from Hartford Funds suggests the seemingly mundane strategy of investing in dividend stocks could lead to substantial gains. Specifically, going back to 1960, approximately 85% of the S&P 500 's impressive 51,000% surge is owed to reinvesting dividends and compounding. With that in mind, let's examine a couple of longtime dividend-paying stocks that might be worth buying even at or near 52-week highs. 1.

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Auxa Health Raises $5.2M in Seed Funding

FinSMEs

Auxa Health, a NYC-based provider of an AI-powered benefit navigation technology solution, raised $5.2M in Seed funding. The round was led by Zeal Capital Partners with participation from existing investor AlleyCorp and new investors K50 Ventures, Laconia Capital Group, and Chaac Ventures. The company intends to use the funds to further develop its technology, expand […] The post Auxa Health Raises $5.2M in Seed Funding appeared first on FinSMEs.

Funds 113
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Here's the Maximum Social Security Benefit at Ages 62, 67, and 70, and How to Get It

The Motley Fool

If you can maximize your Social Security benefits, you're well on your way to a dream retirement. Nearly 6 in 10 retirees say Social Security is a major source of income in retirement, according to an annual Gallup poll. Getting every penny possible out of the program requires a long career earning a well-above-average salary. But even if you do everything you can to maximize your benefits during your career, you still have to decide when to claim your benefits.

Taxes 246
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Esther Duflo: ‘This is what we owe’

Financial Times: Moral Money

Nobel-winning economist speaks about her climate-focused tax proposal

Taxes 112
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Billionaire Stan Druckenmiller Is Selling Nvidia and Buying 2 Artificial Intelligence (AI) Stocks Instead

The Motley Fool

Billionaire Stan Druckenmiller is widely regarded as one of the greatest investors in American history. His hedge fund, Duquesne Capital Management, returned an average of 30% annually over three decades without a single down year. Druckenmiller closed the hedge fund in 2010 and he now manages his personal wealth through the Duquesne Family Office. In the fourth quarter, Druckenmiller reduced his position in Nvidia stock by 29%, but he simultaneously purchased call options , contracts that give

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Exowatt Raises $20M in Seed Funding

FinSMEs

Exowatt, a Miami, FL-based renewable energy company, raised $20m in seed funding. Backers included a16z, Atomic, and Sam Altman. The company intends to expand its team and deploy the Exowatt P3 with its first set of data center customers. Co-founded by Jack Abraham and Hannan Parvizian, Exowatt provides a modular energy platform designed to power […] The post Exowatt Raises $20M in Seed Funding appeared first on FinSMEs.

Funds 111
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The UItimate Cryptocurrency to Buy With $1,000 Today

The Motley Fool

There are thousands of cryptocurrencies on the market, making the investing decision process extremely difficult. Yet there is a simple and straightforward solution to ensure your portfolio grows -- buy Bitcoin (CRYPTO: BTC). Investing in Bitcoin can be seen as boring or as limiting possible gains. Investors often invest in obscure or less proven cryptocurrencies in hopes that they have found the next Bitcoin.

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Payflows Raises €25M in Series A Funding

FinSMEs

Payflows, a Paris, France-based SaaS platform for finance teams, raised €25m in Series A funding. The round was led by Balderton Capital with participation from existing investors Headline and Ribbit Capital. The company intends to use the funds to expand operations and its business reach. Founded in 2022 by former Luko executives CEO Pauline Glikman […] The post Payflows Raises €25M in Series A Funding appeared first on FinSMEs.

Funds 111
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Why Nvidia, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Rallied on Monday

The Motley Fool

Market watchers were beginning to think that nothing could stop the bull market rally, driven by excitement about the possibilities of artificial intelligence (AI). The past couple of weeks has been a stark reminder of the market's tendency for occasional declines before heading higher. For example, after reaching new heights earlier this month, the Nasdaq Composite has fallen about 7% from its peak (as of market close on Friday), taking a breather before attempting to add to its gains.

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Clarity Pediatrics Raises $10M in Funding

FinSMEs

Clarity Pediatrics, a San Francisco, CA-based digital health company, raised $10M in funding. The round was led by Rethink Impact with participation from Homebrew, Maverick Ventures, January Ventures, Vamos Ventures, Alumni Ventures and Citylight VC. The company intends to use the funds to launch new clinical service lines, further develop its care platform, and epxand its geographic reach. […] The post Clarity Pediatrics Raises $10M in Funding appeared first on FinSMEs.

Funds 111
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3 Artificial Intelligence (AI) Stocks That Are Screaming Buys in April

The Motley Fool

Artificial intelligence (AI) has captivated the tech world over the last year, skyrocketing countless stocks. However, AI is by no means a new concept. So you might be asking yourself, why has it suddenly blown up? While computers are excellent at numerical tasks and data processing, they haven't always been capable of natural human capabilities like language, visual processing, and various generative tasks.

Education 246
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Rippling Raises $200M in Financing

FinSMEs

Rippling, a San Francisco, CA-based workforce management startup, raised $200M in new financing. The company also signed agreements with investors to repurchase up to $590M of equity from current employees, former employees, and early investors. The financing was led by Coatue with participation from Founders Fund, Greenoaks and other existing investors.

Finance 110
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3 Dividend-Paying Tech Stocks to Buy Right Now

The Motley Fool

While the 5%-plus yield on short-term Treasury bonds looks quite tempting today, don't count on seeing that last. As inflation eventually falls back toward the Federal Reserve's 2% target, the yield on "risk-free" bonds will go down, too. However, tech-enabled growth stocks have the potential to pay you a dividend that rises each and every year, provided that company's earnings per share grows, too.

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Accacia Raises US$6.5m in Pre-A Funding

FinSMEs

Accacia, a Singapore-based decarbonisation platform focusing on the Real Estate and Infrastructure sectors, closed a US$6.5m pre-Series A funding. The round was led by Illuminate Financial. AC Ventures also participated in this round, alongside continued support from early backers Accel and B Capital. The company intends to use the funds to expand operations and development […] The post Accacia Raises US$6.5m in Pre-A Funding appeared first on FinSMEs.

Funds 110
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It's Time to Ditch These 2 "Magnificent Seven" Stocks and Replace Them With 2 Bona Fide Outperformers

The Motley Fool

Within the past couple of weeks, all three major stock indexes powered their way to fresh record-closing highs. While there have been pockets of strength throughout the broader market, it's the " Magnificent Seven " stocks that are widely credited with lifting the Dow Jones Industrial Average , S&P 500 , and Nasdaq Composite to new heights. The Magnificent Seven, as the name implies, are seven of the largest and most-influential businesses in America.

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Goldman Sachs moves senior banker to Paris in post-Brexit revamp

Financial Times - Banking

Head of financial institutions group for Europe relocates at sensitive time for its operations on the continent

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Worried About a Tiny 2025 COLA? This Is the Smallest One Social Security Has Ever Paid

The Motley Fool

If you've been keeping tabs on Social Security, you may be aware that recipients got a 3.2% boost to their benefits at the start of 2024. But given that 2023's cost-of-living adjustment, or COLA, came in at 8.7%, that 3.2% raise read like a disappointment for a lot of seniors. Meanwhile, based on inflation readings to date, 2025's Social Security COLA is looking to be smaller than 2024's.

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Nominal Raises $7.5M in Seed and $20M in Series A Funding Rounds

FinSMEs

Nominal, a Los Angeles, CA-based company specializing in creating end-to-end data analysis solutions for industrial engineering teams, raised $7.5M in Seed and $20M in Series A funding rounds. The Seed round was led by Lux Capital with participation from Founders Fund and the Series A was led by General Catalyst. Additional investors included Haystack VC, […] The post Nominal Raises $7.5M in Seed and $20M in Series A Funding Rounds appeared first on FinSMEs.

Funds 109
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Carvana Could Earn $180 Million This Quarter, According to 1 Wall Street Analyst

The Motley Fool

It's starting to look like Carvana (NYSE: CVNA) stock is going to survive its near-death experience. One year ago, Carvana wrapped up its worst year ever, losing $1.6 billion despite booking a record $13.6 billion in sales. Burdened with $6.1 billion in long-term debt, and another $1 billion in long-term lease obligations, this used car dealer's future looked grim.

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iVEAcare Raises $27.5M in Series A Funding

FinSMEs

iVEAcare, a Roseville, MN-based development stage medical device company, raised $27.5M in Series A funding. The round was led by Vensana Capital, which was joined by Treo Ventures, Hatteras Venture Partners, and an undisclosed strategic partner. The company intends to use the funds to expand operations and development efforts. Led by newly appointed President and […] The post iVEAcare Raises $27.5M in Series A Funding appeared first on FinSMEs.

Funds 108
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Why Matterport Stock Is Rocketing Higher Today

The Motley Fool

Online real estate marketplace CoStar Group (NASDAQ: CSGP) has agreed to buy Matterport (NASDAQ: MTTR) for a significant premium to the target's Friday close. Investors are rallying into Matterport shares, sending the stock up 180% as of 1 p.m. Monday. Bringing 3D data to a leading real estate platform Matterport is a spatial data company focused on providing 3D floor plans and the cameras and other technology needed to create them for the real estate , construction, and hospitality industries.

Buyout 246
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Salubris Biotherapeutics Raises $35M in Funding

FinSMEs

Salubris Biotherapeutics, a Gaithersburg, MD-based clinical-stage biotechnology company developing novel biologic therapeutics, raised $35M in funding. Shenzhen Salubris committed additional funding to continue research and development of novel, complex biologics. The company intends to use the funds to expand its continued research and development of clinical and pre-clinical programs.

Funds 106
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Worried About a Recession? History Says to Do This 1 Thing

The Motley Fool

Following the unbelievable amounts of monetary and fiscal stimulus to jump-start the economy during the COVID-19 pandemic, inflation started to surge. To combat these rising prices that proved to be anything but transitory, the Federal Reserve raised interest rates at the fastest pace in history starting in March of 2022. Investors expected the economy to tip into a recession, sending stock prices sharply lower in 2022.