Mon.Aug 26, 2024

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Why AST SpaceMobile Stock Popped on Monday

The Motley Fool

AST SpaceMobile (NASDAQ: ASTS) stock is on the move again Monday. Today's gain is about 2.3% as of 12:20 p.m., although the stock's bopping around quite a bit, and if you blink, it might just as easily go down as up. Credit for today's turbulence goes to Scotiabank analyst Andres Graham, who this morning lifted his price target on AST stock from $28 to $45.90 -- a very precise valuation on a stock that isn't particularly easy to value (because it has no profits).

Returns 246
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Slingshot AI Raises Approx. $30M in Seed Funding

FinSMEs

Slingshot AI, a New York- and London, UK-based AI mental health startup, reportedly raised approximately $30m in seed funding. The round was led by Andreessen Horowitz (a16z). Other backers in the company included Felicis Ventures, BoxGroup, Gokul Rajaram, Jerry Murdock, Bryan Baum, Sumeet Gajri, Arjun Sethi, Mike Stoppelman, Liu Jiang, Cory Levy, and David Cahn. […] The post Slingshot AI Raises Approx. $30M in Seed Funding appeared first on FinSMEs.

Startups 122
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Prediction: This Hypergrowth Space Stock Will Be Worth More Than SpaceX In 10 Years

The Motley Fool

SpaceX has been a remarkable success over the last 15 years. It brought the space flight industry in the United States -- really, around the world -- back to life and inspired plenty of copycats along the way. The age of commercial space flight is upon us and set to grow like gangbusters over the next 10 to 20 years. By 2050, the United Nations believes the space economy could be worth $3 trillion.

Returns 246
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Home Run Dugout Raises $22.5M in Series A Funding

FinSMEs

Home Run Dugout, Austin, TX-based entertainment provider featuring indoor soft-toss baseball, raised $22.5M in Series A funding. The round was led by Lagniappe Capital Partners with participation from BCS Capital and from existing investors. The company intends to use the funds to expand its footprint to include new locations in San Antonio and in Scottsdale.

Funds 116
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5 Places You Should Never Use a Debit Card

The Motley Fool

Image source: Getty Images Debit cards have changed the way we pay for things. Not only is a debit card more convenient than carrying cash, but it can also help you avoid debt. However, debit cards are not always the best way to pay for things. Debit card transactions are processed differently than credit cards and don't provide the same level of protection.

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Butlr Raises $38M Series B Funding

FinSMEs

Butler, a Burlingame, CA-based physical AI (PAI) startup, raised $38M in Series B funding. Backers included Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm. The company intends to use the funds to expand its presence, mainly in senior care communities. Led by CEO Honghao Deng, Butlr is an MIT […] The post Butlr Raises $38M Series B Funding appeared first on FinSMEs.

Funds 114

More Trending

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PrivacyHawk Raises Additional $3M in Funding

FinSMEs

PrivacyHawk, a Los Angeles, CA-based company which specializes in consumer data protection, raised additional $3M in funding. Backers included K Street Capital, ffVC, Cadron Capital, Alliance Catalyst Fund, Array, Liebenthal Ventures, Alumni Ventures, Duro, and Gaingels. The company intends to use the funds to invest in improving its flagship product and to continue to grow […] The post PrivacyHawk Raises Additional $3M in Funding appeared first on FinSMEs.

Funds 114
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Move Over, Nvidia and Broadcom: Wall Street's Next Stock-Split Stock -- a 120,000% Gainer Since Its IPO -- Is Ready to Take Center Stage

The Motley Fool

Although artificial intelligence (AI) has been the talk of Wall Street since 2023 began, the return of stock-split euphoria has given AI a run for its money in 2024. A stock split is a mechanism publicly traded companies can lean on to cosmetically alter their share price and outstanding share count. Its superficial in the sense that adjusting share price and share count by the same magnitude has no impact on market cap or a company's underlying operating performance.

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Effective HR Solutions for Scaling Startups

FinSMEs

Scaling a startup requires robust human resource (HR) strategies to manage growth efficiently. Key HR solutions can simplify processes, enhance employee engagement, and ensure compliance. Discover how these strategies can drive your startup toward sustainable success. As a startup founder or HR professional, you know that scaling your business is both exciting and challenging.

Startups 111
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Is Pfizer Stock Still a Buy After an Unexpected Setback?

The Motley Fool

With Pfizer (NYSE: PFE) stock badly underperforming the market over the past three years, falling by 32% while the market rose by close to the same amount, the last thing shareholders want to hear is news of another setback. Alas, the latest stumble was a somewhat unexpected one, and now the company will probably not realize revenue from one of its programs.

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Tilt Raises $18M in Series A Funding

FinSMEs

Tilt, a London, UK-based provider of a real-time shopping app for fashion, raised $18m in Series A funding. Theround was led by Balderton Capital with participation from existing investors TQ Ventures, Earlybird and Seedcamp. The company intends to use the funds to accelerate the development of its app with diverse real-time shopping formats. Founded by […] The post Tilt Raises $18M in Series A Funding appeared first on FinSMEs.

Funds 103
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A Fed Interest Rate Cut (0.25%) Is (Probably) Coming in September 2024 -- Here's What It Means for Your Bank Account

The Motley Fool

Image source: Upsplash/The Motley Fool According to the latest announcements from the Federal Reserve, it looks as if interest rate cuts are starting soon. At the end of July, Fed Chair Jerome Powell announced the Fed is likely to cut interest rates as soon as September and a 50 basis point (0.50%) cut is "not on the table." As recently as Aug. 23, Fed Chair Powell said that "the time has come" for interest rate cuts.

Banks 246
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Talk Your Book: Finding Small Cap Diamonds in the Rough

A Wealth of Common Sense

Today’s Talk Your Book is sponsored by Calamos Investments: On today’s show, we spoke with Brandon Nelson, Senior Portfolio Manager for Calamos to discuss investing in the small-cap space. On today’s show, we discuss: Navigating profitable and unprofitable small-cap stocks Calamos’ favorite small-cap sectors Fighting macro headwinds within small caps Why this asset class has flown under the rad.

Assets 102
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3 Reasons to Buy Nvidia Stock Before August 28

The Motley Fool

Nvidia (NASDAQ: NVDA) is all set to release its fiscal 2025 second-quarter results (for the three months ended July 28) on Aug. 28, and analysts expect another quarter of outstanding growth from the company. More specifically, LSEG Data & Analytics is forecasting Nvidia's revenue to increase by 112% on a year-over-year basis to $28.6 billion. That's slightly higher than the midpoint of Nvidia's revenue guidance range of $28 billion for Q2.

Capital 246
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23andMe hasn’t cracked code on life as a viable public company

Financial Times M&A

Interesting technology was enough to get a public listing in a more lenient era but commercial aspects were undeveloped

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Prediction: Nvidia Will Crush Wall Street Expectations on Aug. 28 -- but There's a Catch for the AI Stock

The Motley Fool

Nvidia (NASDAQ: NVDA) has been 2024's most influential stock. Rising artificial intelligence (AI) demand spurred enormous sales and earnings growth for the company, and the business momentum translated to incredible valuation gains. The processing leader's share price is up 161% across this year's trading alone, and its incredible performance has been a bullish catalyst for the market at large and other individual players in the AI space.

Capital 246
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Is China’s private equity ‘gold rush’ over?

Financial Times M&A

Plus, Chicken Soup for the Soul’s bankruptcy ensnares a private credit giant and defence contractors rake it in

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New 'Unbundled' Business Class Launch From Delta Air Lines Is Bad News for Travelers

The Motley Fool

Image source: Upsplash/The Motley Fool Business class is a fun way to fly. It typically includes lots of perks that economy doesn't, including lounge access at the airport, a higher quality meal, and a much larger seat. It also costs quite a bit more, although you can often get a better deal if you have a travel rewards card. Normally, a business-class ticket includes all the benefits of flying business class.

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Rentvine Raises $74M of Growth Capital from Mainsail Partners

Mainsail

Growth capital to support continued innovation of Rentvine’s property management software platform Estero, FL – August 26, 2024 – Rentvine , a property management software platform serving the long-term residential property rental market, announced it has raised $74 million in growth capital from Mainsail Partners. The investment will help enable the company to further enhance the property manager experience through ongoing product innovation and excellent customer service.

Capital 98
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It's True: These 37 States Do Tax Some Retirement Income

The Motley Fool

Here's some very good news for those approaching or in retirement: Fully 41 states don't tax Social Security benefits -- and that number has been growing in recent years. But the news isn't all good. There are actually plenty of states that tax some retirement income, in one form or another. Here's a look at which states tax which kinds of retirement income.

Taxes 246
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Reflections on a media mentor

Top 1000 Funds

Veteran Australian journalist, publisher and entrepreneur Greg Bright died today aged 70. Among his huge contributions, he was a founder of Conexus Financial, publisher of Top1000funds.com. Amanda White reflects on two decades of collaboration with the respected journalist who gave so much to the industry.

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Billionaire Stanley Druckenmiller Goes Bargain Hunting: 2 Stocks He Just Bought

The Motley Fool

Stanley Druckenmiller might not be as well known as some other hedge fund billionaires, but if you're looking to learn from the best, it's hard to do better than Druckenmiller. A protege of George Soros, Druckenmiller helped make the famous bet with Soros that broke the Bank of England, crashing the British pound and making more than $1 billion in 1992.

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Thomas H Lee Partners makes majority investment in consulting org YA GROUP 

Private Equity Wire

US middle-market private equity firm Thomas H Lee Partners has made a majority investment in YA GROUP, an international professional services organisation providing consulting, engineering, risk mitigation and related services. The transaction is expected to close in autumn 2024. THL’s investment is intended to support YA GROUP’s organic growth through investments in its core service areas as well as strategic acquisitions.

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Why Rivian Stock Jumped Monday

The Motley Fool

Rivian Automotive (NASDAQ: RIVN) shares jumped as much as 5.4% Monday morning after an eventful weekend for the company. The move higher looks to be a bit of a relief rally on two fronts. As of 12:20 p.m. ET, shares of the electric vehicle (EV) maker remained higher by 2.6%. The move comes after reports that a fire at the company's sole manufacturing facility over the weekend damaged multiple electric vehicles but no assembly equipment.

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Olympus Partners sells staffing co Soliant Health for $2.5bn

Private Equity Wire

Connecticut-based private equity firm Olympus Partners has sold Soliant Health, an education and healthcare staffing company, to private investment firm The Vistria Group for approximately $2.5bn, less than five years after acquiring the business for $612m, according to a report by CT Insider. Olympus originally purchased Atlanta-based Soliant Health from Swiss HR services firm Adecco in early 2020.

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Prediction: This Unstoppable Vanguard ETF Will Keep Beating the S&P 500 Over the Long Term

The Motley Fool

The S&P 500 (SNPINDEX: ^GSPC) is an index of 500 companies listed on U.S. stock exchanges. It's a prestigious achievement for any company to be admitted into the index, and only the highest-quality names make the cut. Selection is at the discretion of the Index Committee, but companies must be profitable, and they also need a market capitalization of at least $18 billion.

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The case for a lower return on investment

Financial Times: Moral Money

British International Investment head says impact-focused investors should be willing to sacrifice returns

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Before You Buy the Vanguard S&P 500 ETF, Here Are 3 ETFs I'd Buy First

The Motley Fool

One of the most popular index funds in the world is the Vanguard S&P 500 ETF (NYSEMKT: VOO). There's a good reason for that. The exchange-traded fund (ETF) has a strong record of accurately tracking the benchmark S&P 500 index, and it charges a rock-bottom expense ratio to do so. It's no wonder investors have trusted it with over $1 trillion in assets.

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Bronfman abandons $6bn Paramount bid

Financial Times M&A

US billionaire’s withdrawal clears way for Skydance to complete merger of Hollywood studios

Bidding 93
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2 Little-Known Social Security Rules Everyone Needs to Know Before They Reach 62

The Motley Fool

One of the most important decisions you'll make planning for your retirement is when to claim Social Security. Most people can claim retirement benefits starting at age 62. There are a lot of good reasons to claim as soon as possible, but there are just as many, if not more, reasons to hold off. The primary benefit of waiting to claim Social Security is an increase in your monthly benefit.

Taxes 246
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BSX Raises $6.2M in Funding

FinSMEs

BSX, a provider of a DeFi derivatives protocol built on the Ethereum Layer 2 network Base, raised $6.2M in funding. The total amount above includes a pre-seed and seed funding rounds. The latest $4m seed round was led by Blockchain Capital while a $2.2m pre-seed round was raised a year ago but announced along with the […] The post BSX Raises $6.2M in Funding appeared first on FinSMEs.

Funds 72
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Billionaires Are Selling Nvidia and Buying Up These Stocks Instead

The Motley Fool

Nvidia (NASDAQ: NVDA) has been the biggest winner of the AI boom thus far, but not everyone thinks the good times will last. In fact, hedge funds continued to reduce their exposure to the popular stock in the second quarter, continuing a trend from the first quarter. In the period, which included Nvidia's reaching an all-time high market cap in June after its stock split, 326 hedge funds trimmed their positions, according to Whale Wisdom, while 264 hedge funds increased their positions.

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BSCS Receives Investment from K300 Ventures

FinSMEs

BSCS, a Ho Chi Minh, Vietnam-based provider of a decentralized protocol that supports incubating and launching new blockchain projects, received an investment from K300 Ventures. The amount of the deal was not disclosed. This collaboration is expected to: BSCS is an incubation hub with a full stack Defi platform across all main blockchain networks. It […] The post BSCS Receives Investment from K300 Ventures appeared first on FinSMEs.

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Here's the Average Net Worth for American Households -- and How to Grow Yours in Time for Retirement

The Motley Fool

Your net worth is something you may not think about every day. Rather, you may be more focused on the balance in your checking account so you can pay your near-term bills. You don't necessarily have to stress about your net worth on a daily basis. But your goal should be to grow your net worth over time so that once retirement arrives, you've got plenty of money to spend on essential expenses and the fun things you've always wanted to do.

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