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Recent data from the Census Bureau shows that Social Security kept about 29 million Americans out of poverty in 2022. That means it had a greater impact than every other anti-poverty program combined. But Social Security also plays an important role in helping Americans finance their retirement. In fact, the vast majority of retired workers depend on benefits to some degree, according to Gallup.
Arsenal Capital Partners and BayPine have partnered on the acquisition of Poly-Wood, a portfolio company of Mayfair Capital Partners, a division of Oxford Financial. Poly-Wood is a vertically integrated build-to-order manufacturer of recycled – from post-consumer and post-industrial sources – high-density polyethylene (HDPE) outdoor furniture and related products with more than 25,000 unique product options… This content is for members only.
Matterport (NASDAQ: MTTR) is a leader in spatial data capture, but as devices get better, does it have a sustainable moat? In this video, Travis Hoium discusses exactly that with Matterport's CEO RJ Pittman. *Stock prices used were end-of-day prices of March 23, 2024. The video was published on March 27, 2024. Should you invest $1,000 in Matterport right now?
A reader asks: Ben always shares the long-run returns for stocks, bonds and cash. It’s essentially 10%, 5% and 3%. I know past is not predictive, blah, blah, blah but am well aware that cash has the lowest prospective returns of the main asset classes. Knowing this full well, I still want to keep 10% of my portfolio in cash in retirement so I can sleep at night.
The inflation panic took the wind out of Wall Street's sails, especially where it crosses Silicon Valley in a proverbial sense. The stocks of tech titans Amazon.com (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) took a beating as investors backed away from growth-oriented ideas. Amazon's shares fell as much as 57% from its pre-panic record price.
“Our comforting conviction that the world makes sense rests on a secure foundation: Our almost unlimited ability to ignore our ignorance.” – Daniel Kahneman The loss of Danny Kahneman is a reminder that we should review some of his work and apply them to the current market. I am fascinated by the idea of Narrative Fallacy (the term was actually coined by Nassim Taleb in “ The Black Swan “) and how it applies to pretty much ewverything.
One of the best aspects of putting your money to work on Wall Street is that there's no one-size-fits-all strategy to wealth creation. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, there's an investment strategy that fits all investment tastes and tolerances. But when examined with an even broader lens, few investment strategies have been more consistently profitable than buying dividend stocks and holding them over an extended period.
L Catterton has made an investment in Storyteller Overland, a maker of premium Class B RV and expedition vehicles. Storyteller’s vehicles, including MODE adventure vans and GXV HILT adventure trucks, are sold through more than 40 dealers located across the United States. In addition to its vehicle products, Storyteller sells adventure gear and related accessories… This content is for members only.
L Catterton has made an investment in Storyteller Overland, a maker of premium Class B RV and expedition vehicles. Storyteller’s vehicles, including MODE adventure vans and GXV HILT adventure trucks, are sold through more than 40 dealers located across the United States. In addition to its vehicle products, Storyteller sells adventure gear and related accessories… This content is for members only.
Telecom giant AT&T (NYSE: T) has successfully kept its wireless business growing by attracting hundreds of thousands of new subscribers each quarter. The fiber internet business is also performing well as the company expands its network. On the consumer side of the business, revenue growth from fiber services is outpacing revenue losses from legacy wireline services.
Percheron Capital has held an oversubscribed and hard cap close of its second fund, Percheron Capital Fund II LP, with $1.55 billion in commitments. Limited partners in Fund II include both new and returning university endowments, charitable foundations, pension funds, financial institutions, family offices and fund-of-funds. Percheron’s first fund, Percheron Capital Fund I LP, closed… This content is for members only.
Shares of Novocure (NASDAQ: NVCR) were jumping 6.3% higher as of 11:15 a.m. ET on Thursday after rising as much as 9.2% earlier in the day. The nice gain came after the company announced results from a phase 3 study evaluating its Tumor Treating Fields (TTFields) therapy in treating patients with brain metastases from non-small cell lung cancer (NSCLC).
One Equity Partners has completed the all cash $205 million acquisition of the measurement solutions business of publicly traded TechnipFMC. The business, which was rebranded at closing as Guidant, was part of TechnipFMC’s surface technologies segment and operates through three units: metering products; metering systems; and terminal management. Guidant’s metering products and systems include positive… This content is for members only.
The market's been red hot of late. The S&P 500 is up 45% since the bear market ended in late 2022, and it is higher to the tune of 27% just since October 2023's low. Many investors were too nervous to dive in during this stretch, fearing renewed economic weakness was just around the corner. If you were one of these people, don't beat yourself up.
Zilliant, an Austin, Texas-based leader in pricing lifecycle management, received a $35m investment from Madison Dearborn Partners. The company intends to use the funds to accelerate product enhancements and other growth initiatives. Led by CEO Pascal Yammine, Zilliant provides a data science, cloud-native software platform for businesses to put pricing at the core of their […] The post Zilliant Raises $35M in Funding appeared first on FinSMEs.
Image source: Getty Images According to the Bloomberg Billionaires Index, as of March 23, 2024, the world's top 15 wealthiest people are men. But even aside from the rarified realm of the richest people on Earth, in everyday financial life, women are less likely to be investors. Women tend to have lower incomes and less wealth than men. The gender pay gap is an unfortunate part of everyday life for half the population; as of 2020, women in the U.S. were earning about $0.83 for every dollar earne
SydeLabs, a San Francisco, CA-based security and risk management startup, raised $2.5M in Seed funding. The round was led by RTP Global with participation from Picus Capital and angel investors. The company intends to use the funds to expand operations and its development efforts. Founded by Ruchir Patwa and Ankita Kumari, SydeLabs offers solutions to […] The post SydeLabs Raises $2.5M in Seed Funding appeared first on FinSMEs.
The "Magnificent Seven" originally made the headlines as a Western back in 1960, but in recent times, it's entered the investing world. Bank of America analyst Michael Hartnett first used the term last year to refer to a group of stocks that are industry leading, each known for its strengths in some form of technology. These players, among the most heavily weighted in the S&P 500 , have helped the benchmark soar into bull territory over the past year or so and could continue to drive gains t
Sprocket Security, a Madison, WI-based provider of an expert-driven offensive security platform, raised $8M in Series A funding. The round was led by Blueprint Equity, with participation from Capital Midwest Fund. Blueprint Equity’s Vice President John Bonhard, will join Sprocket’s Board of Directors. The company intends to use the funds to accelerate its platform development, […] The post Sprocket Security Raises $8M in Series A Financing appeared first on FinSMEs.
The Nationwide Retirement Institute reports that only 8% of surveyed adults can identify all the factors that determine the maximum Social Security benefit. That is problematic because Social Security is often the largest source of income in retirement, meaning benefits ultimately have a substantial impact on living standards for millions of Americans Read on to learn what retired workers must do to earn the maximum benefit and to see the biggest Social Security payout at ages 62, 66, and 70.
Midas, a Berlin, Germany-based provider of a asset tokenization protocol, raised $8M in funding. The round was led by Framework Ventures, BlockTower and HV Capital, with participation from Cathay Ledger, 6th Man Ventures, Hack VC, GSR, Lattice Capital, Phaedrus, Theia Blockchain, Pareto, Axelar Foundation, Peer VC, FJ Labs, and Coinbase Ventures. The company intends to use the funds […] The post Midas Raises $8.75M in Funding appeared first on FinSMEs.
With the price of Bitcoin (CRYPTO: BTC) soaring, it's no surprise that companies highly leveraged to the price of the cryptocurrency are also soaring. Case in point: MicroStrategy (NASDAQ: MSTR) is up more than 200% year to date, thanks in large part to its aggressive Bitcoin buying campaign that has ramped up significantly in 2024. MicroStrategy now owns 214,246 bitcoins, or slightly more than 1% of all Bitcoin that will ever exist.
FLock.io, a London, UK-based decentralised AI training and finetuning platform, raised USD $6m in seed funding. The round was led by Lightspeed Faction and Tagus Capital with participation from DCG, Volt Capital, OKX Ventures, and Inception Capital, among others. The company intends to use the funds to roll out its upgraded testnet and federated learning […] The post FLock.io Raises USD $6M in Seed Funding appeared first on FinSMEs.
With the recent news that the fast-casual restaurant chain Chipotle Mexican Grill plans a 50-for-1 stock split , many investors might wonder which publicly traded company could be next. MicroStrategy (NASDAQ: MSTR) , an enterprise software company that shifted its focus to buying and holding Bitcoin (CRYPTO: BTC) in 2020, could benefit from a split since its stock is trading close to $1,900 per share.
Celestial AI, a Santa Clara, CA-based creator of an optical interconnect technology platform, raised $175M in Series C funding. The round was led by Thomas Tull’s U.S. Innovative Technology Fund (USIT), with participation from new and existing investors including AMD Ventures, Koch Disruptive Technologies (KDT), Temasek, Temasek’s wholly owned subsidiary Xora Innovation, IAG Capital Partners, Samsung […] The post Celestial AI Closes $175M Series C Funding appeared first on FinSMEs.
Most of the world's largest tech companies are feverishly developing artificial intelligence (AI) and placing the technology at the center of their businesses. The "Magnificent Seven" companies -- which include Nvidia , Microsoft , Amazon , Meta Platforms , Tesla , Apple (NASDAQ: AAPL) , and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) -- are particularly active in the space.
MyShell, a decentralized AI consumer layer, raised US$11M in Pre-Series A funding. Backers included Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, Balaji Srinivasan, Illia Polosukhin, Casey K. Caruso, Santiago R. Santos, and angel investors, such as former Coinbase CTO Balaji Srinivasan, NEAR Protocol Co-Founder Illia Polosukhin, former Paradigm Investment Partner […] The post MyShell Raises US$11M in Pre-Series A Funding appeared firs
Image source: Getty Images Buying an electric vehicle (EV) is a great way to do your part for the planet, but it's not a decision you want to make lightly. Though they can be cheaper in the long run, EVs take a serious toll on your wallet in the short term. They also have certain limitations at present that could make them a poor choice for some drivers.
Many cryptocurrencies plunged in 2022 as rising rates, the collapses of high-profile exchanges and tokens, and regulatory threats drove investors toward safer investments. That "crypto winter" dragged on throughout the first half of 2023. But over the past 12 months, investors gradually pivoted back toward cryptocurrencies in anticipation of lower interest rates and a warmer macro environment.
Vizcom, a San Francisco, CA-based company deploying AI for industrial design, raised $20M in Series A funding. The round was led by Index Ventures with participation from angel investors, including Kyle Parrish, VP of Sales at Figma, Steve Mallouf, VP of Sales at Datadog, Daniel Sturman, former CTO of Roblox, and Ayush Sood, Director of Engineering at Figma. […] The post Vizcom Raises $20M in Series A Funding appeared first on FinSMEs.
A big reason why Nvidia (NASDAQ: NVDA) is currently the overwhelming leader in the AI accelerator market is related to software. The company's CUDA software platform, which enables developers to write applications that tap into Nvidia's GPUs for accelerating workloads, has been widely used across academia and industry for nearly two decades. CUDA has become the de facto standard, and it only works with NVIDIA's products.
London, United Kingdom, March 28th, 2024, Chainwire Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed. CEO, Russell Bennett, forecasts a series of landmark announcements across Q2 and Q3, 2024. Commencing with the appointment of an advisory board. […] The post Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit ap
Since this decade began, volatility has ruled the roost on Wall Street. All three of Wall Street's major stock indexes traded off bear and bull markets in successive years, beginning in 2020. During periods of uncertainty, it's not uncommon for investors to flock to time-tested, profitable businesses that have outperformed the benchmark S&P 500 over the long run.
Alternative asset manager Apollo Global Management has acquired $8bn of Credit Suisse (CS) loans from UBS as the Swiss bank continues to sell off non-core assets from its takeover of CS last year, according to a report by Alternative Credit Investor. UBS entered into an agreement with former rival CS to acquire its securitised products unit in 2022, with Apollo contracted to manage that division.
Image source: Getty Images Warehouse clubs are becoming increasingly popular as shoppers seek ways to reduce spending. The cost of groceries and everyday essentials have increased, so getting a deal by purchasing goods in bulk can feel like a win. But you'll need to get a membership to shop at Costco or Sam's Club. Even seniors can benefit from a Sam's Club membership.
Middle Market private equity firm One Equity Partners (OEP), in partnership with Buckthorn Partners, has acquired Acteon Group (Acteon), a UK-based international marine energy and infrastructure solutions company founded in 1989. Acteon, which provides engineering and data-driven services to the offshore renewables, nearshore construction, and energy industries,has over 2,000 full-time employees, including more than 400 engineers, across more than 20 countries globally.
Nvidia 's (NASDAQ: NVDA) recent GPU Technology Conference (GTC) took the wraps off Blackwell -- the company's next-generation chip platform. Named after mathematician, statistician, and pioneering game theorist David Blackwell, the new graphics processing unit (GPU) hardware is designed to deliver unprecedented processing power for generative artificial intelligence (AI) applications.
Global private investment firm Carlyle has named Lindsay LoBue as the firm’s new Chief Operating Officer, effective 1 July, 2024. As COO, LoBue will oversee the firm’s operational strategy with a focus on growth and client service. Chris Finn, Carlyle’s current Chief Operating Officer, will stay in his role through 30 June, 2024, and will then become a Senior Advisor to the firm.
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