The Motley Fool

MAY 29, 2024

The S&P 500 (SNPINDEX: ^GSPC) closed higher on Friday, May 24, notching its fifth straight weekly gain. The index, a barometer for the U.S. stock market, has advanced 11% year to date, hitting more than two dozen record highs in the process. But history says that momentum will persist through the summer months of June, July, and August. Here's what investors should know.

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FinSMEs

MAY 29, 2024

Authentic, a NYC-based insurtech startup making it easier for SaaS platforms and franchisors to offer affordable captive insurance policies to their SMB customers, raised $11M in Series A funding. The round was led by FirstMark Capital with participation from Slow Ventures, Altai Ventures, MGV, Upper90, and Commerce Ventures. The company intends to use the funds […] The post Authentic Raises $11M in Series A Funding appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

If given the choice, would you rather not pay taxes? That's not a real choice, of course. No matter where you live or what level of income you're earning, you are taxed.even if it's just sales tax or property tax. In a handful of states, however, retirees' tax burden is eased simply because those states don't tax retirement income. This could mean thousands of dollars' worth of annual savings -- maybe more -- if you live in one of these states or are willing to move to one.

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FinSMEs

MAY 29, 2024

Product Fruits, a Prague, Czech Republic-based provider of a AI-driven digital adoption platform (DAP), raised additional $1.6M in equity funding. The round, which brought the funding total amount to $3.5M, included participation from Reflex Capital Lighthouse Ventures, LVRG, and Venture to Future Fund. The company intends to use the funds to expand AI development and […] The post Product Fruits Raises Additional $1.6M in Equity Funding appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

On May 22, the U.S. Securities and Exchange Commission (SEC) approved the first eight applications for Ether (CRYPTO: ETH) spot price exchange-traded funds (ETFs) from Grayscale, Bitwise, iShares, VanEck, Ark Invest, Invesco, Fidelity, and Franklin Templeton. Ether is the world's second largest cryptocurrency and the main coin of the Ethereum Network.

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FinSMEs

MAY 29, 2024

Maven AGI, a Boston, MA-based AI customer support startup, raised $20M in Series A funding. The round was led by M13 and participation from Lux Capital, E14 Fund (part of MIT), and executives from OpenAI, Google, HubSpot, and Stripe. The company, which has raised $28M in total funding to date, intends to use the funds […] The post Maven AGI Raises $20M in Series A Funding appeared first on FinSMEs.

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FinSMEs

MAY 29, 2024

GaiaNet, a San Francisco, CA-based company advancing an AI infrastructure project that aims to decentralize current AI agent software, raised $10M in Seed funding. Backers included Generative Ventures’s Lex Sokolin, Republic Capital’s Brian Johnson, 7RIDGE’s Shawn Ng, Kishore Bhatia, EVM Capital, Mirana Ventures, Mantle EcoFund and ByteTrade Lab. The company intends to use the funds […] The post GaiaNet Secures $10M in Seed Funding appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

Step aside, Chipotle Mexican Grill (NYSE: CMG). There's a more heavily anticipated stock split on the way now. Nvidia (NASDAQ: NVDA) announced in its first-quarter update last week that it plans to conduct a 10-for-1 stock split effective June 7, 2024. Chipotle's board of directors approved a 50-for-1 stock split in March that's expected to take effect on June 26, 2024.

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FinSMEs

MAY 29, 2024

Iris.ai, an Oslo, Norway-based provider of an AI engine for scientific text understanding, raised €7.64M in funding. The round was led by Silverline Capital whose contribution is being matched by the European Innovation Council (EIC) Accelerator Fund, the flagship startup grant from the EIC. The company intends to use the funds for its continued growth and […] The post Iris.ai Raises €7.64M in Series A Funding appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

Lululemon Athletica (NASDAQ: LULU) investors enjoyed a mostly uninterrupted upward trajectory in its stock price from 2018 till the end of 2021. But supply chain challenges and inflation threw a wrench into that narrative in 2022 and 2023. Still, by the end of last year, Lululemon had broken above $515 a share to make a fresh, all-time high. Now, the athleisure brand is experiencing a brutal downturn once again.

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FinSMEs

MAY 29, 2024

Aperture Finance, a Mountain View, CA-based provider of a decentralized finance (DeFi) platform, raised an undisclosed amount in Series A funding, at $250M valuation. The round, which brought the total amount to $12M, was led by Skyland Ventures, Blockchain Founders Fund, and Krypital Group, with participation from notable investors like Alchemy, SNZ, Stratified Capital, Tide, […] The post Aperture Finance Secures Series A Funding at $250M Valuation appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

American Airlines Group (NASDAQ: AAL) slashed quarterly estimates and announced the departure of its chief commercial officer, a sign of softening demand and a change of strategy. Shares of American were down 14% as of 1 p.m. ET, and the news is taking other airlines along for the ride. Shares of Southwest Airlines (NYSE: LUV) were down as much as 7% on Wednesday and traded down 5% as of 1 p.m.

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FinSMEs

MAY 29, 2024

Adcendo, a Copenhagen, Denmark-based biotech company focused on the development of breakthrough antibody-drug conjugates (ADCs) for the treatment of cancers, raised additional €16M in additional Series A extension funding. The round, which extended the total amount of Series A to €98M, was led by Dawn Biopharma with participation from existing investors Novo Holdings, Ysios Capital, […] The post Adcendo Raises €16M; Extends Series A to €98M appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

The average retired worker in the United States receives $1,915 per month from Social Security, but there's a wide variety of age groups included in this data. It includes 62-year-olds who decided to claim Social Security early. It includes 90-year-old retirees who have been receiving monthly checks for decades. And much more. The full retirement age for Social Security is 67 years old for most American workers, so what does the average Social Security recipient get at this age?

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Portfolios Returns Investors Investing 246

FinSMEs

MAY 29, 2024

Posterity Health, a Denver, CO-based center for male reproductive health, raised $6M in funding. The round was led by FCA Venture Partners and supported by Distributed Ventures and WVV. The company intends to use the funds to accelerate the development of its male management platform (MMP), launch new services, and expand the executive team. Led […] The post Posterity Health Raises $6M in Funding appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

Shares of sporting-goods retailer Dick's Sporting Goods (NYSE: DKS) skyrocketed on Wednesday after it reported what some analysts described as "blowout" financial results for its fiscal 2024 first quarter. As of 12:30 p.m. ET, the stock was up by 16% and had hit a new all-time high. Sales and profits are surprisingly strong It's been a good few years for Dick's Sporting Goods, and investors have been waiting for its results to finally cool off.

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Banks Shareholders Returns Portfolios 246

FinSMEs

MAY 29, 2024

Wavelogix, a West Lafayette, IN-based provider of a proprietary IoT sensing and data analytics platform, receved $3M in funding. Rhapsody Venture Partners made the investment. The company intends to use the funds to expand operations and its development efforts. Led by President Joseph Turek, Wavelogix is a Purdue University Spinout that has developed a proprietary IoT sensing and […] The post Wavelogix Receives $3M Investment from Rhapsody Venture Partners appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

Not that it's a contest, but a company's relative size -- as measured by revenue, earnings, or market cap -- can be a clear indication of its past and present success. More to the point, relative changes to any of these metrics can help investors spot where the real growth is. and isn't. With that as the backdrop, here's a rundown of three companies that could be bigger than Apple (NASDAQ: AAPL) within the next decade.

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FinSMEs

MAY 29, 2024

SmartPM Technologies, Inc., an Austin, TX-based provider of automated project controls software for construction, raised $5.5M in Series A funding. The round was led by Building Ventures, with participation from GS Futures and existing investors The Nemetschek Group. The company intends to use the funds to accelerate its strategic initiatives, focusing on enhancing its AI-driven platform, expanding their […] The post SmartPM Raises $5.5M in Series A Funding appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

Image source: Getty Images More than 5 million businesses were started last year. But while many people have an entrepreneurial streak, coming up with business ideas can be challenging. Even more difficult is knowing which business ideas won't require a large initial investment. As someone who's been self-employed as an independent contractor for 12 years, I understand how important it can be to keep start-up costs low.

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A Wealth of Common Sense

MAY 29, 2024

Inflation and wages are kind of a chicken or egg issue. Do higher prices cause higher wages or do higher wages cause higher prices? I suppose it’s probably a little of both. There is an obvious relationship when you look at the data. Here’s a look at year-over-year wage growth versus trailing twelve-month inflation going back to 1965: Wages grow faster than prices most of the time, but not always.

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The Motley Fool

MAY 29, 2024

The excitement around artificial intelligence (AI) can't be understated. Technology stocks in particular soared in 2023, helping propel the Nasdaq Composite by 43%. Last year, a small cohort of megacap technology companies collectively referred to as the " Magnificent Seven " played a major role in pushing the markets. However, a number of other opportunities are emerging outside of big tech as the AI revolution charges onward.

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FinSMEs

MAY 29, 2024

London, United Kingdom, 29th May 2024, Chainwire The post Viral Meme Coin, Memeinator, Lists On Exchanges After Raising $7.7M appeared first on FinSMEs.

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The Motley Fool

MAY 29, 2024

Image source: Getty Images Electric vehicles (EVs) have received a lot of media attention in the past few years. If you care deeply about fighting climate change, buying an EV might be on your to-do list. And silent, rapidly-accelerating EVs tend to get rave reviews as being fun to drive. But EVs are not for everyone. Some people have big concerns about the high cost of EVs, the price of EV car insurance, and "range anxiety" about just how hard it can be to charge an EV at home or at public char

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Blackstone News

MAY 29, 2024

Inclusive of recent land sale, sale proceeds total $768 million New York – Blackstone Real Estate today announced that it has reached an agreement to sell Turtle Bay Resort for $725 million. Blackstone purchased the hotel in 2018 for $332 million and subsequently invested significant capital in renovations. Rob Harper, Head of Blackstone Real Estate Asset Management Americas, said, “This transaction is an excellent outcome for our investors and a testament to Blackstone’s ability, including th

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The Motley Fool

MAY 29, 2024

Shares of Amazon (NASDAQ: AMZN) have more than doubled since the start of 2023. That makes the e-commerce giant one of the best-performing stocks on Wall Street. Yet, the question investors should be asking now is: What's next for Amazon? To answer that question, we have to look at Amazon's business by the numbers. So, let's dive in. Image source: Getty Images.

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Financial Times: Moral Money

MAY 29, 2024

Some investors believe direct backing for enterprises is more positive than using a risk-focused fund manager

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The Motley Fool

MAY 29, 2024

In the aftermath of the April halving, Bitcoin (CRYPTO: BTC) has understandably been the center of attention for crypto investors. Bitcoin has historically rallied in the early stages of a halving cycle, and investors view the current period as a fantastic time to buy Bitcoin before it potentially goes parabolic. But don't forget about altcoins. These, too, tend to perform very well after any Bitcoin halving , given that a rising Bitcoin price tends to send the entire crypto market higher.

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Private Equity Wire

MAY 29, 2024

Real assets investment manager Pennybacker Capital Management has held the final closing of its sixth value opportunity series fund, Pennybacker VI, with $1.6bn in total capital commitments. Fund VI focuses on investments in US real estate assets across equity and debt opportunities. Austin, Texas-based Pennybacker has approximately $4bn in AUM and runs real estate and infrastructure investment strategies through closed-end and open-ended vehicles across the capital structure.

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The Motley Fool

MAY 29, 2024

Shares of restaurant chain Chipotle Mexican Grill (NYSE: CMG) have gone on an incredible run over the past few months. The stock was at a 52-week low of $1,768.64 last October, and since then, zoomed up to a high of $3,260 on May 10. Adding to the fervor around shares is the company's March 19 announcement of a 50-for-1 stock split, one of the biggest in the history of the New York Stock Exchange.

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AltAssets

MAY 29, 2024

Canada-headquartered private equity and alternatives investor Fengate Asset Management has brought in Luke Henderson to expand out its capital raising power in the US. The post Fengate Asset Management continues US LP expansion with ex-BlackRock IR hire first appeared on AltAssets Private Equity News.

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The Motley Fool

MAY 29, 2024

In the aftermath of the April halving, Bitcoin (CRYPTO: BTC) has understandably been the center of attention for crypto investors. Bitcoin has historically rallied in the early stages of a halving cycle, and investors view the current period as a fantastic time to buy Bitcoin before it potentially goes parabolic. But don't forget about altcoins. These, too, tend to perform very well after any Bitcoin halving , given that a rising Bitcoin price tends to send the entire crypto market higher.

Due Diligence 246

Due Diligence Leveraging Financing Finance 246

Private Equity Wire

MAY 29, 2024

San Francisco-based private equity firm Arcline has sold its portfolio company Voltyx, a provider of technical electric infrastructure services across the utility, renewable energy, data centre and industrial markets, to Asplundh Tree Expert, a provider of vegetation management and infrastructure services. Based in Nashville, Tennessee, Voltyx serves around 1,500 customers from 35 locations employing over 1,200 people, according to a press statement.

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The Motley Fool

MAY 29, 2024

The S&P 500 index has been hitting new record highs recently. This is great news as mutual funds and exchange-traded funds (ETF) that track the index are widely held by investors. Index ETFs are a great way for beginners and even more experienced investors to gain market exposure. They offer instant diversification, take little research effort, and are generally low cost.

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