The Motley Fool
AUGUST 30, 2024
Each quarter, the S&P 500 index rebalances. This means new companies are added to the index, replacing existing members that are no longer eligible. One company that has been eligible for S&P 500 inclusion for quite some time but is yet to be added to the index is Palantir Technologies (NYSE: PLTR). With the next rebalance scheduled for Sept. 20, is now the time to load up on Palantir stock?
Private Equity Insights
AUGUST 30, 2024
A unit of Singapore’s state-owned investor Temasek Holdings Pte. has raised $1.7 billion (US$1.3 billion) for its second private credit fund, in a sign that Asia’s fledgling direct lending industry remains attractive to investors hungry for yield and asset diversification. SeaTown Holdings International completed the fundraising for its SeaTown Private Credit Fund II, backed by a group of limited partners including insurers, endowments, and family offices, the alternative investment firm said in
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The Motley Fool
AUGUST 30, 2024
AST SpaceMobile (NASDAQ: ASTS) has satellites sitting at Kennedy Space Center in Florida ready for the launch pad. It is about to take a giant leap, hopefully sometime in September, that will change it from a company trying to prove it can operate a business to one that has the capability of actually doing so. The next year will be a vital turning point in many ways, but investors need to understand that not much will change for AST in the short term regarding financial performance.
A Wealth of Common Sense
AUGUST 30, 2024
Finance definitions are tough to pin down because money is often in the eye of the beholder. The goalposts are always moving as you age and mature, and tastes change. Your perception of wealth can be impacted by: How you were raised. The wealth and material possessions of your peers. Your lifestyle. Your contentment with what you have. How your circumstances change over time.
The Motley Fool
AUGUST 30, 2024
It's been around two years since the launch of OpenAI's ChatGPT started the generative artificial intelligence (AI) hype cycle. Since then, industry leaders like Nvidia and Super Micro Computer have added billions to their market caps by providing enabling hardware. However, consumer-facing AI software seems yet to reach its full potential. Let's explore why SoundHound AI (NASDAQ: SOUN) could be an excellent way for investors to bet on this side of the opportunity.
Private Equity Insights
AUGUST 30, 2024
CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the closing of CenterOak Equity Fund III, L.P. (“Fund III” or the “Fund”). The Fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion. The Fund’s capital was largely committed by existing institutional investors, but it also attracted support from many new limited partners globally, including private and public pensions, endowments and foundations.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Insights
AUGUST 30, 2024
euNetworks Group Holdings Limited (“euNetworks”), a Western European bandwidth infrastructure company, today announced that it has closed on a €2.1 billion equity recapitalisation. Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG Asset Management (“APG”).
The Motley Fool
AUGUST 30, 2024
Buying and holding solid companies for a long, long time is a tried-and-tested method of making money in the stock market, as this strategy allows investors to not only capitalize on secular growth trends but also benefit from the power of compounding. For instance, an investment of $10,000 made in shares of Nvidia 10 years ago is now worth more than $2.7 million.
Private Equity Insights
AUGUST 30, 2024
U.S. private-equity firm Warburg Pincus and Australian real-estate company Lendlease Group have acquired a US$1.23 billion portfolio of Singapore assets in what they said was one of the largest deals involving a private portfolio of industrial assets in the city-state. The acquiring companies said Tuesday that the assets were bought from entities associated with New York private-equity firm Blackstone and Lim Chap Huat, executive chairman of Singapore-based integrated property group Soilbuild Gr
The Motley Fool
AUGUST 30, 2024
Despite a surge of growth since the beginning of last year, the artificial intelligence (AI) market remains a compelling investment opportunity. The industry was worth $200 billion in 2023 and is racing past that figure, expanding at a compound annual growth rate of 37% and projected to achieve just under $2 trillion in spending by 2030. As a result, companies and investors will likely continue to profit from providing AI tools, services, and hardware for years.
Private Equity Insights
AUGUST 30, 2024
CVC Capital Partners Plc is in talks about a potential investment in residential property manager Odevo, people with knowledge of the matter said. The private equity firm has been discussing the purchase of a significant minority stake in Odevo, according to the people, who asked not to be identified because the information is private. A transaction could value Odevo at more than $3 billion, one of the people said.
The Motley Fool
AUGUST 30, 2024
Cathie Wood is having a rough year as the co-founder, CEO and investment manager of Ark Invest. Her largest exchange-traded fund is trading 15% lower this year, a rough contrast to a winning year for many growth investors. She's not giving up hope. She's been buying stocks all summer. Wood added to three existing positions on Thursday, buying more shares in Tempus AI (NASDAQ: TEM) , Blade Air Mobility (NASDAQ: BLDE) , and Absci (NASDAQ: ABSI) on Thursday.
Private Equity Insights
AUGUST 30, 2024
OpenAI, the company behind the popular AI tool ChatGPT, is in advanced talks to secure several billion dollars in a new funding round led by Thrive Capital with an investment of around $1bn, that could value the startup at over $100bn, according to a report by the Wall Street Journal. The report cites unnamed sources familiar with the matter as revealing that as well as VC firm Thrive, significant existing investor Microsoft is also expected to participate in the round which marks the the larges
The Motley Fool
AUGUST 30, 2024
The Nasdaq has been the biggest driver of stock market returns for over a decade. The tech-heavy Nasdaq Composite index has produced annualized returns of more than 16% over the past 10 years, significantly outpacing the benchmark S&P 500. There are two main indices that track the performance of the Nasdaq: the Nasdaq 100 and the Nasdaq Composite.
Private Equity Insights
AUGUST 30, 2024
Private equity firm Blackstone Inc. is in discussions with banks for a five-year loan of about A$5.5 billion ($3.7 billion) to back its bid for Australian data center operator AirTrunk, people familiar with the matter said. The financing, which is expected to be raised at the holding company level, would be comprised of a A$2 billion term loan and a A$3.5 billion revolving credit facility, according to the people, who asked not to be identified speaking about confidential negotiations.
The Motley Fool
AUGUST 30, 2024
Intuitive Machines (NASDAQ: LUNR) stock soared 15.8% through 9:45 a.m. ET Friday morning after the company announced it has won its fourth moon landing contract from NASA. IM-4 -- the name of the mission -- will see Intuitive Machines send another of its Nova-C-class moon landers to the lunar south pole, there to deliver "six science and technology payloads, including one European Space Agency-led drill suite.
Private Equity Insights
AUGUST 30, 2024
US pipeline operator ONEOK Inc. agreed to buy a Permian Basin rival and a controlling stake in another company in two transactions valued at a combined $5.9 billion. ONEOK will acquire Global Infrastructure Partners’ entire interest in EnLink Midstream LLC and also buy GIP’s equity interests in Medallion Midstream, the largest closely held crude gathering and transportation system in the Permian, it said in a statement late Wednesday.
The Motley Fool
AUGUST 30, 2024
Barely over a week after it released (very) delayed first-quarter results, 3D Systems (NYSE: DDD) went back to the printing presses to publish a new set of quarterlies. Investors weren't impressed with the 3D printing company's Q2, as the stock traded down by almost 19% over the course of this week, according to data compiled by S&P Global Market Intelligence.
Private Equity Insights
AUGUST 30, 2024
BlackRock Inc. has initiated an auction for German startup SellerX, taking the unusually aggressive step after a loan granted to the Amazon aggregator soured. An advertisement published Friday in the Börsen-Zeitung newspaper stated that the auction for the L Catterton-backed firm has been scheduled for Sept. 17 at a Berlin hotel. In Germany, such auctions can be used by creditors to seize control of companies after negotiations between an enterprise, investors and lenders have hit an impasse, of
The Motley Fool
AUGUST 30, 2024
The restaurant sector took a bit of a hit this week with shares of Sweetgreen (NYSE: SG) taking the brunt of the move on news that consumers are cutting back in a lot of areas. Cava Group , another high-growth chain, also fell this week but Sweetgreen's move hit double digits. According to data provided by S&P Global Market Intelligence , shares of Sweetgreen had dropped 17.4% this week as of 1 p.m.
Private Equity Insights
AUGUST 30, 2024
Saudi Arabia’s sovereign wealth fund has signed a $15 billion revolving credit facility with a group of banks, replacing a previous funding agreement it reached in 2021. The Public Investment Fund, chaired by Crown Prince Mohammed bin Salman, said the loan has a tenor of three years, with an option to extend by up to two more years. The financing will be provided by a group of European, US, Middle East and Asian banks, according to a statement Wednesday.
The Motley Fool
AUGUST 30, 2024
In this video, I will cover the recent updates regarding Intel (NASDAQ: INTC). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Aug. 30, 2024. The video was published on Aug. 30, 2024. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy n
Private Equity Insights
AUGUST 30, 2024
Singapore-based alternative investment firm SeaTown Holdings International on Tuesday said it has raised more than $1.3 billion for its second private credit fund from limited partners including insurance companies and family offices. SeaTown, a unit of state-owned investor Temasek’s asset management arm Seviora, said the total commitment size of the new fund surpassed the $1.2 billion secured for its first iteration.
The Motley Fool
AUGUST 30, 2024
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) , Super Micro Computer (NASDAQ: SMCI) , Dell Technologies (NYSE: DELL) , and Marvell Technology (NASDAQ: MRVL). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Aug. 29, 2024.
Private Equity Insights
AUGUST 30, 2024
New York-based private equity firm The Chatterjee Group (TCG) is in talks with India’s state-owned Oil & Natural Gas Corporation (ONGC) and its subsidiary Hindustan Petroleum Corporation (HPCL) for a potential joint venture involving a huge oil-to-chemicals project in southern India, Bloomberg reported on Tuesday. The project is estimated to cost more than $10 billion and is being planned for the city of Cuddalore in Tamil Nadu, the report claimed, quoting anonymous sources.
The Motley Fool
AUGUST 30, 2024
In this video, I will cover Lululemon 's (NASDAQ: LULU) recent earnings report and comments from management. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Aug. 29, 2024. The video was published on Aug. 30, 2024. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks?
Private Equity Insights
AUGUST 30, 2024
CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the closing of CenterOak Equity Fund III, L.P. (“Fund III” or the “Fund”). The Fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion. The Fund’s capital was largely committed by existing institutional investors, but it also attracted support from many new limited partners globally, including private and public pensions, endowments and foundations.
The Motley Fool
AUGUST 30, 2024
Image source: Getty Images If you're approaching retirement and haven't built up much of a nest egg, you're not alone. According to AARP, 20% of Americans over age 50 have no retirement savings. It can be a scary prospect and you may need to adapt your plans. But it's possible -- millions of retirees get by with Social Security as their only income source.
Private Equity Insights
AUGUST 30, 2024
Hargreaves Lansdown backed the £5.4 billion bid for the FTSE 100 fund manager today from a private equity consortium, a deal that will end its time as a listed company. The Bristol-based finance firm has been listed in London since 2007. It said today that the final offer valued its shares at 1140p in cash and would include a 30p per share dividend for the financial year which ended on 30 June.
The Motley Fool
AUGUST 30, 2024
Shares of MongoDB (NASDAQ: MDB) were soaring today after the cloud software company delivered a better-than-expected second-quarter earnings report, beating estimates on the top and bottom lines and raising guidance for the year. As of 10:11 a.m. ET, the stock was up 14% on the news. Image source: Getty Images. MongoDB bounces back After plunging after its first-quarter earnings report in the spring, the NoSQL database software specialist redeemed itself with its results on Friday.
Private Equity Insights
AUGUST 30, 2024
euNetworks Group Holdings Limited (“euNetworks”), a Western European bandwidth infrastructure company, today announced that it has closed on a €2.1 billion equity recapitalisation. Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG Asset Management (“APG”).
The Motley Fool
AUGUST 30, 2024
To say investors in solar energy company SolarEdge Technologies (NASDAQ: SEDG) have had a bad year is an understatement. The stock's sharp decline continued this week. As of Friday midday trading, SolarEdge shares were down by over 15% just this week, according to data provided by S&P Global Market Intelligence. That drop has contributed to a massive 74% decline SolarEdge shares this year.
Financial Times M&A
AUGUST 30, 2024
Arch-rival Christie’s also suffering from slowdown in auctions
The Motley Fool
AUGUST 30, 2024
Just one day after Stratasys (NASDAQ: SSYS) stock suffered a 15% loss after reporting weak sales and a big GAAP loss for the second quarter of 2024, 3D Systems (NYSE: DDD) -- Stratasys' archrival in 3D printing -- reported its earnings for the same quarter. The results were similar. but worse. As with Stratasys, 3D missed Wall Street targets for sales, reporting $102.9 million for the quarter where the Street had hoped for $116.5 million.
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