Sat.Oct 05, 2024

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Billionaire Elon Musk Takes on "the Entire Space Industry"

The Motley Fool

Elon Musk is a predator -- by which I mean to say, he eats competitor profit margins for breakfast. Since setting up SpaceX in 2002 as a launcher of large rockets to compete with Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) , Musk has methodically moved to take over the entire space industry -- or at least its most profitable parts -- piece by piece.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of Colombia Tolima Los Brasiles Peaberry Organic coffee, grab a seat outside, and get ready for our longer-form weekend reads: • After Shark Tank, Mark Cuban Just Wants to Break S**t—Especially the Prescription Drug Industry : The billionaire is done with his hit TV show, but he’s still invested in fighting pharma’s middlemen, being a dad, and needling Elon Musk. ( Wired ) • Is the World Really Running Out of Sand?

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Warren Buffett's $277 Billion Warning That the Stock Market Could Be Headed for Trouble

The Motley Fool

Warren Buffett has never claimed to be able to predict what the stock market would do over the near term. In a 2008 op-ed for The New York Times , he wrote, "I can't predict the short-term movements of the stock market. I haven't the faintest idea as to whether stocks will be higher or lower a month, or a year, from now." However, I suspect the legendary investor could have better predictive abilities than he would ever acknowledge.

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Shareholders hit out at Playtech’s proposed €100mn bonus scheme

Financial Times M&A

Some investors unhappy about plans to reward senior executives following group’s disposal of Italian unit

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Tesla Risks Doing Something It Hasn't Done Since Launching the Model S, and It Could Trigger a Big Move in Its Stock

The Motley Fool

Tesla (NASDAQ: TSLA) is one of the world's largest manufacturers of electric vehicles (EVs), but its stock is down 39% from its all-time high, which was set during 2021, and it continues to underperform the S&P 500 index this year. Tesla is facing several challenges relating to EV demand, competition, and rapidly slowing sales growth. In fact, the company's annual EV deliveries could shrink in 2024 for the first time since it started producing its flagship Model S in 2011.

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KKR to acquire majority position in FGS Global to support long-term growth; FGS to become standalone communications and public affairs consultancy

KKR

NEW YORK & LONDON--(BUSINESS WIRE)-- KKR today announced the acquisition of WPP’s full equity position in FGS Global (“FGS” or the “Company”), the preeminent global communications and public affairs consultancy. The proposed transaction is supported by FGS management, builds on KKR’s initial minority investment in July 2023, and values FGS at US $1.7 billion.

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Here's the Maximum Possible Social Security Benefit at 62, 67, and 70

The Motley Fool

If you've worked a long and highly compensated career, you may be in line for the maximum possible Social Security benefit when you retire. But even if you qualify for the largest possible retirement check, the age at which you claim can still have a massive effect on the ultimate size of your check. There's a huge difference in the maximum retirement benefit of someone claiming as soon as possible at age 62 and someone who waits until their benefits have completely maxed out at age 70.

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Interest Rates Are Falling. Are Your Credit Card Rewards Safe?

The Motley Fool

Image source: Getty Images Last month, the Federal Reserve cut the federal funds rate by half a percentage point. It's also expected to cut rates again in November. That's welcome news for anyone who's house hunting and planning to apply for a mortgage in the near future. But rate changes have a widespread financial impact, including on your credit cards.

Debt 246
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KKR Completes Acquisition of Varsity Brands from Bain Capital and Charlesbank

KKR

New investment supports Varsity Brands’ growth strategy and mission to serve sports teams, schools, and student-athletes DALLAS & NEW YORK--(BUSINESS WIRE)-- Varsity Brands (the “Company”), a leader in team sports, athletics and spirit, and KKR, a leading global investment firm, today announced the completion of the acquisition of Varsity Brands by KKR from Bain Capital and Charlesbank.

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2 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade

The Motley Fool

You don't have to take high risks to profit from the $184 billion artificial intelligence (AI) market. AI is bringing massive improvements to business productivity and more personalized services for consumers. Leading tech companies that you already know are among the ones that are best capitalizing on these trends. Here are two such stocks to buy today. 1.

Prospects 246
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KKR receives all regulatory approvals for the voluntary public tender offer for all outstanding shares of OHB SE

KKR

27 August 2024 – Orchid Lux HoldCo S.à r.l. (“Bidder”), a holding company controlled by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), today announced the receipt of the last outstanding regulatory approval for the voluntary public tender offer for the shares (ISIN: DE0005936124) of OHB SE (“OHB”).

Banks 40
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The S&P 500 Just Did This for the First Time in 27 Years. Here's What History Says Happens Next.

The Motley Fool

The S&P 500 (SNPINDEX: ^GSPC) is the most widely followed benchmark of the stock market in the U.S., encompassing the 500 largest companies in the country. Thanks to its broad base of component companies, it is considered to be the most reliable gauge of overall stock market performance. The index has been firmly in rally mode since the start of last year, driven higher by the artificial intelligence (AI) boom, an improving economy, and -- most recently -- the Federal Reserve Bank's decision

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KKR to Present at the Barclays Global Financial Services Conference

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Raj Agrawal, Partner and Global Head of Infrastructure, will present at the Barclays Global Financial Services Conference on Monday, September 9, 2024 at 9:45 AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For.

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Nvidia Stock Could Soar Another 561%, According to a Wall Street Analyst

The Motley Fool

If you invested $100 in Nvidia (NASDAQ: NVDA) at the beginning of 2023, you would now have $830 thanks to the remarkable surge in the company's shares fueled by artificial intelligence (AI). Even so, the stock could jump from about $120 now to around $800 by 2030, according to one analyst. Phil Panaro, a former senior advisor at the Boston Consulting Group, believes that the continuing growth of AI and the arrival of Nvidia's next-generation Blackwell processors could lead to annual revenue of $

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KKR-Mirastar Acquires Portfolio of Five Prime Logistics assets across the UK from PLP

KKR

London, 3 September 2024 – KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have completed the off-market acquisition of a prime UK logistics portfolio from PLP, totalling 890,364 square feet across five assets. The portfolio is currently 80% let, with a weighted average lease term to break of 10 years. The assets provide best-in-class specifications, including BREEAM Very Good certifications and EPC A+ ratings.

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Billionaire Investor Pushes for Changes at CVS. Is Now the Time to Buy the Stock?

The Motley Fool

Billionaire investor Larry Robbins of hedge fund Glenview Capital Management has taken a large stake in healthcare company CVS Health (NYSE: CVS) and has met with management on ways to help turn around the struggling business. According to The Wall Street Journal , Glenview has amassed about a $700 million stake in the company. Meanwhile, according to CNBC, CVS has met with advisors to conduct a strategic review of its business.

Investors 246
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Axel Springer Announces New Corporate Structure to Unlock Future Growth Potential

KKR

Berlin, September 19, 2024 – Axel Springer SE (“Axel Springer”) today announced a strategic decision to create a new corporate structure for the company, with a goal to create a focused media company and separately held classifieds businesses. The new corporate structure is designed to position all businesses for optimal future growth potential and success in their respective markets.

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41 States That Don't Tax Social Security Benefits

The Motley Fool

You can increase your Social Security benefits in several ways: Work at least 35 years in jobs that qualify for Social Security retirement benefits. Wait at least until your full retirement age to claim your benefits. Once you're fully retired and receiving Social Security, though, your benefit amount will only increase with annual cost-of-living adjustments (COLAs).

Taxes 246
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KKR Closes $4.6 Billion Ascendant Fund

KKR

The Fund is the first of its kind at KKR, targeting the large and fragmented North American middle market KKR to support implementation of broad-based employee ownership and engagement programs in all control investments in the Fund NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the final closing of KKR Ascendant Fund SCSP (“Ascendant” or the “Fund”), a $4.6.

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Want the Max $4,873 Social Security Benefit? Here's the Salary You Need.

The Motley Fool

Social Security was never intended to provide all of anyone's retirement income, but that doesn't mean you shouldn't get the most you can out of the entitlement program. The question is, how? Your future Social Security payments are determined by your current contributions to the program, but your contributions are a fixed percentage of your wages. The answer: Earn enough money to make the maximum allowable contributions to the government-administered program.

Taxes 246
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KKR Announces Intra-Quarter Monetization Activity Update for the Third Quarter

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced income from monetization activity in excess of $535 million with respect to the period from July 1, 2024 through September 23, 2024 based on information available as of today. In its Asset Management segment, KKR has earned total realized performance income and realized investment income in excess of $450 million.

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Is Shopify Stock a Buy at Under $100?

The Motley Fool

In today's video, I will be talking about the recent updates regarding Shopify (NYSE: SHOP). 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 Oct. 1, 2024. The video was published on Oct. 4, 2024. Should you invest $1,000 in Shopify right now? Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for in

Returns 246
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KKR Releases “An Alternative Perspective: Past, Present, and Future”

KKR

New Report Highlights the Private Alternatives Sector’s Expansion Beyond Private Equity and Potential for Future Growth NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released “An Alternative Perspective: Past, Present, and Future,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).

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The Best Artificial Intelligence (AI) Stock in the S&P 500 to Buy Now, According to Wall Street (Hint: Not Nvidia)

The Motley Fool

Among Wall Street analysts that follow Amazon (NASDAQ: AMZN) , 95% currently rate the stock a buy, and the remaining 5% rate the stock a hold. Not a single analyst recommends selling Amazon stock at the present time, according to FactSet Research. Microsoft is the only other company in the S&P 500 (SNPINDEX: ^GSPC) with the same percentage of buy ratings, but 2% of analysts recommend selling the stock, which lowers its net score by two points.

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Consortium of KKR and the Skip Essential Infrastructure Fund to acquire Majority Stake in Queensland Airports

KKR

SYDNEY--(BUSINESS WIRE)-- KKR, a leading global investment firm, and the Skip Essential Infrastructure Fund, today announced the signing of definitive agreements under which a consortium of KKR (on behalf of funds managed by it) and the Skip Essential Infrastructure Fund (the ‘Consortium’) will acquire a 74.25% stake in Queensland Airports Limited (‘Queensland Airports’) from The.

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Though Social Security's 2025 Cost-of-Living Adjustment (COLA) Will Be Above Average, the 2026 COLA Might Be Historically Low

The Motley Fool

The most important day of the year is nearly here for Social Security's more than 68 million beneficiaries. In just five days, on Oct. 10, the Social Security Administration (SSA) will unveil the much-anticipated cost-of-living adjustment (COLA), which will allow beneficiaries to calculate how much they'll receive per month next year. Based on more than two decades of annual surveys from national pollster Gallup, between 80% and 90% of retirees rely on their monthly Social Security check , in so

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KKR to Sell GeoStabilization International to Leonard Green & Partners

KKR

All 900+ GSI Employee Owners to Earn Cash Payouts, with Longest Tenured Hourly Employees Each Receiving Over $325,000 in Proceeds DENVER & NEW YORK--(BUSINESS WIRE)-- KKR today announced an agreement to sell GeoStabilization International (“GSI” or the “Company”) to Leonard Green & Partners, L.P. (“LGP”). GSI is a leading provider of geohazard mitigation solutions and roadway safety services.

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Think Nvidia Stock Is Expensive? These 3 Members of the S&P 500 Trade at Even Higher Valuations.

The Motley Fool

Is Nvidia (NASDAQ: NVDA) stock overvalued? This question, while simple on the surface, is extraordinarily hard to answer. Many investors use a valuation metric called a price-to-earnings (P/E) ratio. This popular metric is useful because it measures the stock price against a company's profits. And in Nvidia's case, its P/E ratio of 57 certainly looks expensive, considering it's roughly double the P/E ratio for the S&P 500.

Investors 246
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BBVA forms a Strategic Partnership with KKR, investing $200 million in its Global Climate Strategy

KKR

NEW YORK – September, 27th, 2024 – BBVA and leading global investment firm KKR have formed a new strategic partnership to support the decarbonization of the real economy.

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Coca-Cola and These 2 Red-Hot Dow Dividend Stocks Are Up 10% to 22% in 3 Months, and They Could Still Be Worth Buying in October

The Motley Fool

In the beginning of 2024, the broader indexes were being driven higher mostly by mega-cap growth stocks. But the market's leadership has changed in recent months, with stodgy blue chip dividend and value stocks posting sizable gains. For example, Nvidia is down 3.1% in the last three months while the S&P 500 is up 3.2% and the Dow Jones Industrial Average has increased 7.1%.

Prospects 246
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Powin Secures $200 Million in Debt Capital From KKR to Bolster Growth and Innovation in Energy Storage

KKR

PORTLAND, Ore.--(BUSINESS WIRE)--Powin, a global leader in battery energy storage solutions, announced today that it has successfully secured a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR, a leading global investment firm.

Debt 40
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1 Wall Street Analyst Thinks Tesla Stock Is Going to $310. Is It a Buy?

The Motley Fool

Anticipation is building for Tesla 's (NASDAQ: TSLA) upcoming "We, Robot" event on Oct. 10. Investors are expecting to hear from CEO Elon Musk about the next stage of growth for the electric vehicle (EV) company, especially in light of recent weakness in EV demand. The stock is trading down after Tesla reported its production and delivery numbers for the third quarter.

Prospects 246
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Peregrine Closes on Debt Financing from KKR

KKR

BOULDER, Colo. and NEW YORK , Oct. 2, 2024 /PRNewswire/ -- Peregrine Energy Solutions LLC ("Peregrine"), an integrated multi-technology clean energy platform with a focus on utility-scale energy storage, and KKR, a leading global investment firm, today announced that Peregrine has closed on a credit facility from insurance accounts managed by KKR that can provide financing for up to $250 million in assets.

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Here Are My Top-3 Dividend Stocks to Buy in October

The Motley Fool

I'm a huge fan of dividend stocks. I love to collect the passive income they send me. On top of that, dividend stocks have historically outperformed non-payers by a wide margin (9.2% average-annual total return versus 4.3% since 1973, according to Ned Davis Research and Hartford Funds). Dividend growers have delivered the best returns (10.2%). That's why I focus on companies with excellent histories of dividend growth that seems highly likely to continue.

Prospects 246
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KKR to acquire majority position in FGS Global to support long-term growth; FGS to become standalone communications and public affairs consultancy

KKR

NEW YORK & LONDON--(BUSINESS WIRE)-- KKR today announced the acquisition of WPP’s full equity position in FGS Global (“FGS” or the “Company”), the preeminent global communications and public affairs consultancy. The proposed transaction is supported by FGS management, builds on KKR’s initial minority investment in July 2023, and values FGS at US $1.7 billion.

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2 Top Artificial Intelligence (AI) Stocks to Buy Before 2025

The Motley Fool

Spending on artificial intelligence (AI) infrastructure has been solid in 2024, which is evident from the terrific demand for data center chips and server solutions that has been driving impressive growth in revenue and earnings for several companies. The good news for companies benefiting from the AI boom is that infrastructure spending in this area is set to keep growing in 2025 as well.

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KKR Acquires Portfolio of Six Class A Industrial Warehouses Across the U.S.

KKR

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR has acquired a portfolio of six well-located, Class A industrial logistics properties in major U.S. Gateway and Sunbelt markets for approximately $377 million. The six modern industrial properties possess an average vintage of 2014 and feature 35-foot average clear heights.