Mon.Apr 01, 2024

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Fidelity Reports 422,000 401(k) Millionaires -- You Can Join Their Ranks

The Motley Fool

In February, as it does regularly, Fidelity released information on its customers with 401(k) accounts and how they're doing. This is always kind of a big deal because Fidelity is a behemoth among 401(k) administrators that companies hire to manage their workers' retirement savings. Specifically, Fidelity noted that as of the end of 2023, the number of 401(k) accounts with balances of $1 million or more was 422,000, up a hefty 21% over the previous quarter.

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Selux Diagnostics Raises Additional $48M in Funding

FinSMEs

Selux Diagnostics, Inc., a Boston, MA-based biotech startup whose mission is to combat superbug infections and fight antimicrobial resistance (AMR), raised an additional $48 in funding. The round was led by RA Capital Management with participation from Northpond Ventures, Sands Capital, and Schooner Capital. The company intends to use the funds to launch the next […] The post Selux Diagnostics Raises Additional $48M in Funding appeared first on FinSMEs.

Startups 115
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Millions Are Worried About Social Security -- Should You Be, Too?

The Motley Fool

Social Security is more vital to millions of Americans than many people appreciate. As of December, it was serving nearly 68 million Americans with retirement benefits, disability benefits, and survivor benefits, and those benefits made up roughly 30% of the income of folks over 65. Even more eye-opening is this tidbit from the Social Security Administration: "Among Social Security beneficiaries age 65 and older, 12% of men and 15% of women rely on Social Security for 90% or more of their income

Taxes 246
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Grafine Partners Closes on $600M for Inaugural Strategy

FinSMEs

Grafine Partners, a NYC-based private investment firm that invests in new firms led by private equity investors, closed its inaugural strategy, Grafine Capital I and parallel vehicles, with approximately $600m in total capital commitments. The strategy received commitments from a small and select group of institutional investors seeking new approaches to generating returns.

Capital 111
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Every High-Yield Dividend Stock Warren Buffett Owns -- Ranked From Worst to Best

The Motley Fool

Warren Buffett likes dividends. Sure, his own Berkshire Hathaway doesn't pay dividends and has never done so. However, Buffett has ensured Berkshire's portfolio is loaded with dividend stocks. Berkshire has positions in 12 stocks that offer dividend yields at least twice the yield of the S&P 500 (my criterion for a high yield). Here is every high-yield dividend stock Buffett owns -- ranked from worst to best.

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EY’s lofty net zero pledge gets a rethink

Financial Times: Moral Money

Also in today’s newsletter, exploring the debate around green interest rates

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Xion Raises $25M in Funding

FinSMEs

Xion, a blockchain purpose-built for mainstream adoption, raised $25M in funding. Backers included Animoca Brands, Laser Digital (Nomura), Multicoin, Arrington Capital, Draper Dragon, Sfermion, GoldenTree, and more. The new capital will allow XION to quickly expand its development and global ecosystem. Xion has developed a modular Generalized Abstraction layer one blockchain, purpose built for consumer adoption […] The post Xion Raises $25M in Funding appeared first on FinSMEs.

Funds 111
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Why Home Depot Stock Slipped Today

The Motley Fool

Shares of Home Depot (NYSE: HD) finished lower today as investors seemed to give a thumbs-down to its deal to buy SRS Distribution, a leading specialty-trade company that will help it expand its presence in the pro market. The stock closed down 4.1%. Image source: Home Depot. Home Depot makes a big move Home Depot will acquire SRS Distribution for $18.25 billion, including debt, and will pay for the deal with cash on hand in debt.

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Firecell Closes €6.6M Seed Funding Round

FinSMEs

Firecell, a Nice, France-based company providing connectivity solutions, raised €6.6M in Seed funding. The round was led by Ventech and Matterwave Ventures, with participation from Bpifrance’s Digital Venture fund and Bouygues Telecom Initiative. The company intends to use the funds to: Led by CEO Firecell offers connectivity solutions tailored to the specific needs of industrial […] The post Firecell Closes €6.6M Seed Funding Round appeared first on FinSMEs.

Funds 111
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3 Frugal Habits That Save Me Hundreds of Dollars Each Year

The Motley Fool

Image source: Getty Images Saving money is the sort of thing I feel perpetually compelled to do. But it's not always easy. Whether it's my home, my car, or my kids, I feel there's always some sort of unexpected expense that pops up and rains all over my savings plans. That's why I try my best to compensate by upholding savvy personal finance habits that naturally lend to savings.

Financing 246
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Goodbill Raises $2M in Funding

FinSMEs

Goodbill, a Seattle, WA-based startup that verifies that hospital bill is correct, raised $2m in funding. The round was led by Founders’ Co-op, Maveron and Liquid 2 Ventures, with participation from other funds and angels. The company intends to use the funds to expand operations and its business reach, as well as to further invest […] The post Goodbill Raises $2M in Funding appeared first on FinSMEs.

Funds 110
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3 Powerhouse Vanguard ETFs You Can't Go Wrong With

The Motley Fool

Investing in the stock market is one of the most effective ways to generate long-term wealth, and exchange-traded funds (ETFs) are a fantastic way to maximize your earnings with minimal effort. An ETF is a basket of securities grouped into a single investment. By investing in just one ETF, you'll instantly own a stake in dozens or even hundreds of different stocks -- making it nearly effortless to build a well-diversified portfolio.

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ViaLase Closes $40M Series C Financing

FinSMEs

ViaLase, Inc., an Aliso Viejo, CA-based clinical-stage medical technology company focused on addressing unmet needs in the conventional glaucoma treatment paradigm, closed approx. $40m in Series C financing. The round was led by a new investor along with support from current investors including Venture Investors Health Fund, Arboretum Ventures and Falcon Vision, an ophthalmology investment platform supported by KKR. […] The post ViaLase Closes $40M Series C Financing appeared first on

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Warren Buffett Has $157 Billion Invested in These 2 "Magnificent Seven" Artificial Intelligence (AI) Stocks

The Motley Fool

Warren Buffett doesn't typically invest in high-flying growth stocks building cutting-edge technology. "Berkshire is not big on newcomers," he jokes in his most recent annual letter to shareholders. Nonetheless, he's invested a huge portion of Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) portfolio in two artificial intelligence (AI) giants, both of whom are members of the vaunted Magnificent Seven.

Investing 246
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Cargofive Raises €2.5M in Funding

FinSMEs

Cargofive, a Lisbon, Portugal-based freight forwarding startup, raised €2.5M in funding. The round saw the new participation of venture capitalists Indico Capital and EIT Urban Mobility. This followed a round previously led by Shilling & Lince Capital, alongside angel investors and the PRR Nexus. The company intends to use the funds to further innovation and […] The post Cargofive Raises €2.5M in Funding appeared first on FinSMEs.

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2 Millionaire-Maker Artificial Intelligence (AI) Stocks

The Motley Fool

Artificial intelligence stocks have already made plenty of millionaires. After all, Nvidia alone added nearly $2 trillion in market cap since the start of 2023, and there have been trillions of dollars in market value created among the "Magnificent Seven" and beyond. However, according to industry insiders, artificial intelligence is still in its infancy, and some have likened the current phase to the dial-up stage of the internet.

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Cadent to Acquire AdTheorent, for Approx. $324M

FinSMEs

Cadent, a NYC-based independent solutions providers for converged TV advertising, is to acquire AdTheorent (Nasdaq: ADTH), a NYC-based machine learning pioneer and industry leader delivering measurable value for programmatic advertisers, for $3.21 per share or approx. $324M. The transaction is subject to customary closing conditions and completion of regulatory review and AdTheorent shareholder approval.

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Prediction: This Will Be Nvidia's Next Big Move

The Motley Fool

Nvidia (NASDAQ: NVDA) has been a definite mover and shaker in recent years. The company has become the world's No. 1 artificial intelligence (AI) chip designer, holding 80% of the market. And this has translated into skyrocketing earnings, with revenue and net income soaring in the triple digits last year. And Nvidia continues to innovate, recently announcing the upcoming launch of a new chip architecture -- the Blackwell platform -- and its most powerful chips ever.

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Talk Your Book: Preserving Your Capital

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by Halo Investing: See here for more information on investing with Halo. We had Jason Barsema back on the show to give us an update on investing in structured notes. On today’s show, we discuss: Investing in structured notes based on single stocks The difference between hard and soft protection, and why hard protection is cheap right now Why banks offer structured not.

Capital 108
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Where Will Devon Energy's Dividend Be in 1 Year?

The Motley Fool

Most companies that pay dividends try to provide investors with a reliable income stream, setting a dividend that they believe can be sustained, if not grown, over time. Devon Energy (NYSE: DVN) has taken the exact opposite approach. So while the dividend yield on major quote services is listed as 4.9%, you shouldn't count on that figure. Here's what you need to know and why future dividends from Devon are anything but set in stone.

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Liberty Media plans US growth for MotoGP after €4.2bn deal

Financial Times M&A

F1 owner aims to expand audiences beyond historical European base

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Meta Platforms Has Spent $46 Billion on the Metaverse Since 2021, But It's Spending Twice As Much on This 1 Thing

The Motley Fool

Meta Platforms (NASDAQ: META) has invested a huge sum of cash into developing its virtual and augmented reality technology and the software and social platforms to support its hardware. Unfortunately, the business doesn't have much to show for it so far. Reality Labs, the division of Meta housing its metaverse technology, generated a total of $6.3 billion in revenue over the past three years.

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The truth about Truth Social’s finances

Financial Times M&A

Plus, the Everton FC bidder’s latest wrinkle in Bermuda and India gears up to benefit from Chinese VC pullback

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3 Stocks Warren Buffett Plans to Hold Forever That Still Look Like Great Buys Today

The Motley Fool

Warren Buffett famously told Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders that “when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.” That said, he rarely finds a business so outstanding that he ends up never selling. He clarified his position in his 2016 letter to shareholders: “It is true that we own some stocks that I have no intention of selling for as far as the eye can see (and we’re talking 20/20 vision).

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"How I Did It" Series with XYPN Member River Nice

XY Planning Network

We're excited to share another member story from our "How I Did It" series. Deciding to take the leap to start your own financial planning firm can be very scary. And actually "leaping" can feel overwhelming. There are so many decisions and responsibilities. How am I going to make this work? What business model should I use? How do I manage compliance?

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Tesla's Strides in This Game-Changing Technology Make the Stock a Magnificent Buy

The Motley Fool

Electric vehicle maker Tesla (NASDAQ: TSLA) has pursued full self-driving (FSD) technology for years. While it's not there yet, the company seems to have gotten closer based on its optimism on version 12.3 of its FSD software. It's a big deal, because Tesla's opportunity to implement FSD software in multiple ways, from licensing to robotaxis, has long been a critical pillar in a long-term investment thesis.

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BC Partners sells IT group Presidio in sign of thaw for private equity deals

Financial Times M&A

CD&R purchase comes after period of slowdown for debt-reliant industry as interest rates have risen

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3 Top Artificial Intelligence (AI) Stocks to Buy Hand Over Fist in April

The Motley Fool

Is the hype justified? That's a question investors must ask often when the next new thing fuels frenzied buying and pushes select stocks to all-time highs. We're seeing this play out in front of our eyes right now with artificial intelligence (AI ). In some cases, hype about the AI potential for some companies has gone beyond reasonable levels. But that isn't true across the board.

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Nucor to Acquire Southwest Data Products, for $115M

FinSMEs

Nucor Corporation (NYSE: NUE) acquired Southwest Data Products, Inc., a manufacturer and installer of data center infrastructure, for $115m. SWDP’s offices and manufacturing facility are in San Bernardino, California and the company employs approximately 147 teammates. Nucor is also announcing the launch of Nucor Data Systems, a new business unit that will help better serve customers in the data […] The post Nucor to Acquire Southwest Data Products, for $115M appeared first on FinSM

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Here's the Best "Magnificent Seven" Stock to Buy in April, According to Wall Street

The Motley Fool

"April showers bring May flowers." But could they also bring a great opportunity to invest in high-profile mega-cap growth stocks? Maybe so. You might not think the so-called "Magnificent Seven" stocks have much more room to run after delivering sizzling gains. However, analysts remain bullish about several of them -- and one in particular. Here's the best Magnificent Seven stock to buy in April, according to Wall Street.

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BioConsortia Raises $15M in Funding

FinSMEs

BioConsortia, Inc., a Davis, CA-based agricultural technology company, closed a $15m internal financing round. Existing investor Otter Capital led the round. Led by Marcus Meadows-Smith, CEO, BioConsortia discovers, designs and licenses advanced microbial products to reduce the ecological impacts of agriculture while ensuring crop productivity. The company’s pipeline includes nitrogen fixation microbes to replace or […] The post BioConsortia Raises $15M in Funding appeared first on FinSMEs

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Forget Nvidia: Billionaires Are Selling It and Buying These 2 Hypergrowth Artificial Intelligence (AI) Stocks Instead

The Motley Fool

For the better part of three decades, there has been no shortage of next-big-thing investments that have captivated the attention of professional and everyday investors. Since the advent of the internet completely changed the course of business in the mid-1990s, there's nothing that's garnered as much buzz on Wall Street as the artificial intelligence (AI) revolution.

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Wellola Raises €2.2M in Funding

FinSMEs

Wellola, a Dublin, Ireland-based digital health company, raised €2.2M in funding. The round, which brought the total amount to €4M, was led by Elkstone with participation from Enterprise Ireland. The company intends to use the funds to accelerate market expansion across Europe, to recruit technical and operational staff across Ireland and the United Kingdomm and […] The post Wellola Raises €2.2M in Funding appeared first on FinSMEs.

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Why AT&T Stock Sagged on Monday

The Motley Fool

A major hacking incident disclosed over the weekend led to a minor sell-off in AT&T (NYSE: T) stock as the trading week kicked off on Monday. The telecom giant's shares dipped by 0.6% on the day, which was a steeper fall than the bellwether S&P 500 index's 0.2% slide. Large data set found on the dark web The previous Saturday, AT&T revealed that data fields specific to the company were found in a data set released on the dark web.