The Motley Fool
SEPTEMBER 27, 2024
Image source: Getty Images Fueling up for less is one of the ways people save money at Costco (even if it occasionally means waiting in a line of cars to do so). On average, Costco gas is less expensive than area competitors. What keeps this perk so exclusive, however, is that you're required to scan your membership card at the pump. This can be your physical card or a digital card through the Costco app.
A Wealth of Common Sense
SEPTEMBER 27, 2024
The bull market of the 1980s and 1990s is the stuff dreams are made of.1 The S&P 500 was up nearly 18% per year over the course of those two decades.2 It’s one of the great bull markets in history. But if we want to get picky, the bull market didn’t truly start until 1982. There were back-to-back recessions in 1980 and 1981-82. You had a 17% correction in 1980 along with a near-30% bear market that bottome.
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The Motley Fool
SEPTEMBER 27, 2024
The semiconductor industry has received a big lift from the growing adoption of artificial intelligence (AI) technology in multiple industries ranging from data centers to smartphones to personal computers, which explains why the PHLX Semiconductor Sector index has clocked healthy gains of 20% so far in 2024. Nvidia (NASDAQ: NVDA) has been one of the biggest beneficiaries of the fast-growing demand for AI chips.
The Big Picture
SEPTEMBER 27, 2024
This week, we speak with Kyla Scanlon , creator, host of YouTube’s,“Let’s Appreciate” podcast , writer of daily short-form videos about economy + markets. She has been published at Bloomberg, New York Magazine, FT, and the NYT. Her new book “ In This Economy?: How Money & Markets Really Work ” just came out this Summer. We discuss how she came up with the idea of a “ Vibecession ” and how it became a popular New York Times guest essay.
The Motley Fool
SEPTEMBER 27, 2024
On July 19, a defect in a software update from cybersecurity specialist CrowdStrike (NASDAQ: CRWD) caused one of the largest IT outages in history. Around the world, flights were canceled, financial institutions were unable to process transactions, and investors started panicking. At the time of the outage, shares of CrowdStrike were trading near all-time highs.
Financial Times: Moral Money
SEPTEMBER 27, 2024
Also in today’s newsletter, an interview with the chief executive of ESG darling Schneider Electric
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Financial Times M&A
SEPTEMBER 27, 2024
Private equity group has offered £800mn for provider of digital training
The Motley Fool
SEPTEMBER 27, 2024
Regardless of whether you're a new investor, experienced, or are near retirement, investing in an exchange-traded fund (ETF) can make a lot of sense. ETFs can be an easy option if you're looking to simplify your strategy and aren't sure of where to put your money. And having the same go-to ETF to put money into on a recurring basis can make for an excellent way to build up your portfolio's balance over the years.
Financial Times M&A
SEPTEMBER 27, 2024
The controversial move on Commerzbank would be the first big cross-border deal in Europe since the financial crisis
The Motley Fool
SEPTEMBER 27, 2024
It's always good to know what the smartest minds on Wall Street have been up to recently. That's why it's worth checking out recent 13F filings with the Securities and Exchange Commission (SEC) , which are required of all companies and individuals with more than $100 million in assets under management (AUM). Often, you can get some very good clues about where billionaires see the market moving next by checking out what they have been buying and selling.
Financial Times M&A
SEPTEMBER 27, 2024
The wolf in cashmere has again marked his territory
The Motley Fool
SEPTEMBER 27, 2024
Image source: Getty Images If you're joining Costco , you get to choose between two membership tiers. Costco's basic Gold Star membership costs $65 per year, while the Executive membership costs double at $130. At first, you might think that getting the more expensive membership doesn't make sense. But you should know that the Executive membership comes with one giant perk -- 2% cash back on your purchases.
Financial Times M&A
SEPTEMBER 27, 2024
Australian bidder says its latest offer values UK property listings group at £6.
The Motley Fool
SEPTEMBER 27, 2024
Companies that decide to split their stock -- increasing share count and decreasing per-share price -- are usually doing quite well. Most companies don't announce stock splits unless their shares have climbed significantly over time. However, there are occasions when a stock split occurs during a rocky period for the company's shares. This is the case for Super Micro Computer (NASDAQ: SMCI) , whose stock is down 35% since its split announcement in early August.
AltAssets
SEPTEMBER 27, 2024
Amplify Growth Partnership, a collaboration between Ajeej Capital and Nuwa Capital, has revealed a $100m fund targeting debt deals for MENA-based tech companies. The post Ajeej Capital, Nuwa Capital launch $100m MENA-focused tech debt investment fund appeared first on AltAssets Private Equity News.
The Motley Fool
SEPTEMBER 27, 2024
The future of the automotive industry is almost certainly electric vehicles (EVs), even if growth has been slower than once anticipated. An even more intriguing investment opportunity is found overseas with Chinese EV makers as they are heavily subsidized by the government, boast leading technology, and produce vehicles that are well-received. In July, for the first time, sales of electric vehicles took a 51% market share of China's overall new passenger vehicle market.
Private Equity Wire
SEPTEMBER 27, 2024
Kainos Capital (Kainos), a food and consumer-focused private equity firm, has promoted David Gassko and Jeff Moredock to Partner. Gassko and Moredock were both previously Principals, and each have over a decade of experience in the food and consumer sectors. Gassko joined Kainos in 2013 as an Associate, having begun his career as an investment banker with Wells Fargo.
The Motley Fool
SEPTEMBER 27, 2024
The artificial intelligence (AI) revolution wouldn't be possible without semiconductors. They fill the data centers that developers use to build AI models, and they power the computers and devices we use to access the technology. Picking the winners and losers in the semiconductor space won't be easy because the pace of innovation is staggering. Nvidia had a market capitalization of $360 billion at the start of 2023, and less than two years later, it now stands at a whopping $3 trillion!
AltAssets
SEPTEMBER 27, 2024
EQT has closed its latest infrastructure fund on €2.9bn - well below the €5bn it was initially targeting for the vehicle. The post EQT misses €5bn target for new infra fundraise, closes vehicle on €2.9bn appeared first on AltAssets Private Equity News.
The Motley Fool
SEPTEMBER 27, 2024
Some investors probably saw a missed opportunity with the latest news about Intel (NASDAQ: INTC) on Friday. A media report claimed that the company rebuffed a buyout offer of one of its less popular business units. As a result, an ambivalent market traded the chip maker's stock sideways. It ended up closing flat on the day, marking an only slightly better trading session than the marginally declining S&P 500 index.
Private Equity Wire
SEPTEMBER 27, 2024
Citigroup Inc and Apollo Global Management Inc have announced a strategic partnership to target $25 billion in private credit transactions over the next five years, marking a significant expansion into the rapidly growing sector, according to a report by Bloomberg. The partnership, which also includes Mubadala Investment Co and Apollo’s insurance unit, Athene, will initially focus on non-investment grade lending in North America.
The Motley Fool
SEPTEMBER 27, 2024
Image source: Getty Images In November 2023, the average 30-year mortgage rate soared to 7.76%. And that was extremely discouraging to buyers, especially given that home prices have been elevated since they started climbing in 2021. But recently, mortgage rates have begun to fall. Since June, they've been below 7%. And on Sept. 19, following a half-point rate cut from the Federal Reserve, the average 30-year mortgage rate dropped to 6.09%.
Private Equity Wire
SEPTEMBER 27, 2024
Private equity firm TPG has agreed to buy a minority stake in Homrich Berg, an investment that will allow the wealth management firm to pursue growth opportunities, according to a report by Reuters citing a joint statement from the companies. While financial terms of the deal have not been released, then report cites unnamed sources as revealing that TPG’s investment valued Homrich Berg at around $1bn.
The Motley Fool
SEPTEMBER 27, 2024
Using Wall Street analysts' price targets to determine whether a stock is a buy or a sell isn't the best strategy. While it should help inform investors of how others think of the stock, it shouldn't be the be-all and end-all. One popular artificial intelligence (AI) stock that these analysts (on average) say to sell now is Palantir (NYSE: PLTR). According to an average of 15 analysts, the average price target for Palantir stock is $27.08, which indicates a nearly 30% downside.
Private Equity Wire
SEPTEMBER 27, 2024
The Ontario Municipal Employees Retirement System (Omers) will no longer pursue direct private equity investments in Europe as part of a strategic reorganisation of its operations in the region, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as revealing that instead of direct investments, Omers plans to adjust its approach by working alongside partners and third-party managers.
The Motley Fool
SEPTEMBER 27, 2024
This may be the lull before earnings season starts up in earnest in a few weeks, but that doesn't mean that there's a moratorium on financial updates. Carnival (NYSE: CCL) (NYSE: CUK) reports its fiscal third-quarter results before the market opens on Monday. The final trading day of the month -- and quarter -- won't be sleepy. Carnival's report covers the months of June, July, and August.
AltAssets
SEPTEMBER 27, 2024
Munich-based Golding Capital Partners has continued a busy year of fundraising by closing a new buyout-focused fund on €250m. The post Golding Capital Partners continues strong 2024 fundraising with €250m buyout-focused fund close appeared first on AltAssets Private Equity News.
The Motley Fool
SEPTEMBER 27, 2024
Semiconductor stocks have been soaring, led by Nvidia. But that's been far from the only winner -- other popular names like Taiwan Semiconductor , Advanced Micro Devices , and Broadcom have all surged since the start of 2023, shortly after ChatGPT was launched. If you want exposure to a group of stocks, a smart way to do so is through an exchange-traded fund (ETF).
AltAssets
SEPTEMBER 27, 2024
LLR Partners has picked up more institutional investor backing for its seventh flagship fundraise, which is currently out targeting up to $2.25bn. The post LLR Partners picks up PennSERS backing for latest buyout fundraise appeared first on AltAssets Private Equity News.
The Motley Fool
SEPTEMBER 27, 2024
By now, pretty much everyone has heard of Novo Nordisk 's (NYSE: NVO) widely popular drug for type 2 diabetes, Ozempic. And, as many investors appreciate, when a pharma company mints a winning product, it's only logical for it to leverage the expertise required to develop the product into making new medicines that are even better. On that note, Novo is already moving very aggressively to invent sequels to Ozempic by flexing its financial might and cutting collaboration agreements with biotechs t
Private Equity Wire
SEPTEMBER 27, 2024
6lock, a secured payments platform built for private equity firms, has begun onboarding new clients for funds transfers. The platform is aiming to provide more transparency than manual wire transfers as phishing and fraud instances grow. After users are invited and verified, the invite-only platform continuously monitors the credentials of each member of their funding network, ensuring each person is fully attested and authorised.
The Motley Fool
SEPTEMBER 27, 2024
There's a reason Social Security benefits are eligible for an annual cost-of-living adjustment (COLA). If benefits were to remain flat from year to year, seniors would lose buying power over time due to inflation. Because of this, benefits are adjusted for inflation to prevent seniors from falling behind. At this point, you may be eager to know what your 2025 Social Security COLA will amount to.
AltAssets
SEPTEMBER 27, 2024
The $202bn-managing Washington State Investment Board has made a sizeable commitment to Thoma Bravo's latest fundraises amid $800m of new fund backing. The post US pension major WSIB commits $800m across Thoma Bravo, Luminate Capital funds appeared first on AltAssets Private Equity News.
The Motley Fool
SEPTEMBER 27, 2024
Investors have flocked to Nvidia (NASDAQ: NVDA) over the past few years, thanks to its leading position in the high-growth market of artificial intelligence (AI) chips and triple-digit growth in earnings. That's helped the stock soar in the quadruple digits over five years. However, Nvidia has lost momentum in recent times as some investors worried about tougher competition from rivals like Advanced Micro Devices or Intel , which have emphasized delivering better and better AI chips.
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