Mon.Aug 05, 2024

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What Is a Carry Trade, and How Did a Small Rate Hike in Japan Just Trigger a Global Sell-Off?

The Motley Fool

Why did markets around the world drop sharply on Monday? What does it have to do with the Bank of Japan? And what is a carry trade? It turns out those questions are all closely related. Read on for the answers. Why a carry trade may be responsible for the market's current turmoil For months, market observers have been talking about a popular trade in which investors borrowed in Japanese yen at very low interest rates, and then invested the borrowed money in high-growth investments like the " Mag

Banks 246
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stabble Raises $2.5M in Funding

FinSMEs

stabble, a Dubai, UAE-based provider of a Solana-based protocol established to minimize financial loss by reducing operational costs, raised $2.5M in a combined pre-seed, seed, and private funding round. The round was led by Masterblox with participation from Dynamic Labs, Founder Heads, Spicy Capital, DuckDAO, Marshland Capital, and ZEMU VC. The company intends to use the funds for product development, marketing, security […] The post stabble Raises $2.5M in Funding appeared first on FinS

Funds 141
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Warren Buffett's Selling Over $3.8 Billion Worth of Bank of America Stock in 2 Weeks Is an Ominous and Unmistakable Warning for Wall Street

The Motley Fool

Among Wall Street's billionaire investors, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett is, arguably, in a class of his own. In a world where investors are using advanced charting software and artificial intelligence (AI) in an effort to gain a competitive edge, Buffett and his team have relied on old-school fundamental metrics and detective work to locate amazing businesses.

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Hyperbolic Raises $7M in Seed Funding

FinSMEs

Hyperbolic, a New York-based provider of GPU resources and AI services through a cloud platform, raised $7m in seed funding. The round was led by Polychain Capital and Lightspeed Faction with participation from Chapter One, LongHash, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, Third Earth Capital, and angel investors like Balaji Srinivasan, Illia Polosukhin, […] The post Hyperbolic Raises $7M in Seed Funding appeared first on FinSMEs.

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3 Warren Buffett Stocks to Buy Hand Over Fist in August

The Motley Fool

Warren Buffett's understanding of how the stock market works is still second to none. That's the chief reason why -- after a short hiatus during and because of the COVID-19 pandemic -- Berkshire Hathaway is once again outperforming the overall market. You'd be wise to poach a few of Buffett's picks when you can. To this end, here's a closer look at three of the top Buffett picks to start with sooner rather than later.

Banks 246
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Skillfully Raises $2.5M in Seed Funding

FinSMEs

Skillfully, a San Francisco, CA-based company which specializes in simulation-driven hiring solutions, raised $2.5M in seed funding. The round was led by Better Ventures, with participation from Silicon Valley Quad, American Student Assistance, Strada Education Foundation, FN Fund, and Inventus Capital Partners. The company intends to use the funds to expand operations and its development […] The post Skillfully Raises $2.5M in Seed Funding appeared first on FinSMEs.

Funds 113

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Cartridge Raises $7.5M in Series A Funding

FinSMEs

Cartridge, an infrastructure provider for provable onchain games and autonomous worlds, raised $7.5M in Series A funding. The round was led by BITKRAFT Ventures. StarkWare, Fabric Ventures, Dune Ventures, Primitive Ventures, and Ergodic Fund also participated. The company intends to use the funds to expand operations and its development efforts. Led by CEO Tarrence van […] The post Cartridge Raises $7.5M in Series A Funding appeared first on FinSMEs.

Funds 113
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Mark Zuckerberg Just Made a Stunning Prediction. Is Meta Platforms Now a Must-Own AI Stock?

The Motley Fool

Despite its focus on its LLaMa large language model and new devices like Ray-Ban smart glasses, discussions revolving around investments in top artificial intelligence (AI) stocks have mostly excluded Meta Platforms (NASDAQ: META). Instead, Nvidia is considered the clear leader in AI hardware, while the financial media has portrayed Microsoft and Alphabet as battling for supremacy in user-facing AI, including chatbots like ChatGPT and Gemini, cloud infrastructure, and productivity software.

Returns 246
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Warner Bros Discovery looks to avoid break-up with smaller asset sales

Financial Times M&A

Executives fear ‘years of legal challenges’ if they split its TV and movie studio businesses

Legal 112
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If You Bought 1 Share of Home Depot at Its IPO, Here's How Many Shares You Would Own Now

The Motley Fool

You might not know it, but Home Depot (NYSE: HD) is one of the best-performing stocks in the history of the stock market. The home improvement retailer went public in 1981 just three years after the company was founded. At the time it had just six stores, but it grew quickly in its early years. Today, it has more than 2,000 stores, primarily in the U.S.

Returns 246
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Time to trim the hedge costs

Financial Times: Moral Money

Protection against currency swings is expensive for investors in emerging markets

Investors 111
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How the Little Known Carry Trade Is Destroying the Market Today

The Motley Fool

There's panic on Wall Street and around the world today, and it's not bad economic news or a terrible earnings report that's at fault. Instead, it's a highly leveraged yen "carry trade" that has led to billions of dollars in selling and liquidations starting in the crypto market on Sunday night. Very few assets are up today, but the notable moves are the S&P 500 (SNPINDEX: ^GSPC) falling 2.99% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) losing 3.7% as of 10:00 a.m.

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Mubadala races to salvage European start-up investments

Financial Times M&A

Executives at Abu Dhabi’s $300bn fund lead restructurings and management changes as valuations sink

Investing 110
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All It Takes Is $10,000 Invested in Coca-Cola and Each of These 2 Dividend Kings to Generate Over $1,000 in Passive Income per Year

The Motley Fool

Dividend Kings are companies that have paid and raised their dividends for at least 50 consecutive years. This is no small feat, as a larger dividend expense has to be backed by earnings growth, implying the business is doing well. Some folks choose to invest in Dividend Kings for their stability. But they can also be used to hit a passive income goal.

Investing 246
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SocGen to sell UK and Swiss private bank units for €900mn

Financial Times M&A

French bank is slimming down under chief executive Slawomir Krupa

Banks 109
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My Top 9 Growth Stocks to Buy Now in August

The Motley Fool

Fool.com contributor Parkev Tatevosian reveals the nine best growth stocks to buy now in August. *Stock prices used were the afternoon prices of Aug. 1, 2024. The video was published on Aug. 3, 2024. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them.

Returns 246
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Graceview Raises $1.5M in Funding

FinSMEs

Graceview, a Melbourne, Australia-based provider of a generative AI platform for compliance, raised $1.5M in funding. The round was led by Patrick Linton, who will be joining Graceview’s Board of Directors, added: The company intends to use the funds to support its revenue growth expansion in the Asia-Pacific and UK/European markets. Led by CEO Simon Quirk, Graceview […] The post Graceview Raises $1.5M in Funding appeared first on FinSMEs.

Funds 109
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The S&P 500 Had Its Worst July in a Decade. Should You Really Buy Stocks Now?

The Motley Fool

The S&P 500 (SNPINDEX: ^GSPC) roared higher in the first half of the year, reaching a record high and confirming the presence of a bull market. But it didn't stop there. The index went on to reach new highs multiple times and delivered one of its best first-half performances in the past 25 years. In fact, it was the fifth-best performance during that time period, a J.P.

Prospects 246
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Groq Raises $640M in Series D; Valued at $2.8 Billion

FinSMEs

Groq, a Mountain View, CA-based company which specializes in fast AI inference, has secured a $640M Series D, at $2.8 Billion valuation. The round was led by BlackRock Private Equity Partners with participation from both existing and new investors including Neuberger Berman, Type One Ventures, and strategic investors including Cisco Investments, Global Brain’s KDDI Open Innovation Fund […] The post Groq Raises $640M in Series D; Valued at $2.8 Billion appeared first on FinSMEs.

Funds 109
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RTX Stock Is Up 39% This Year. Can the Rally Keep Going?

The Motley Fool

Shares of RTX (NYSE: RTX) surged to a new all-time high following the release of its latest quarterly earnings. The defense and aerospace company beat expectations with management citing "unprecedented demand" across its product portfolio. Long-time investors have a lot to be cheering about with shares of RTX up about 39% this year. On the other hand, investors on the sidelines might be wondering if it's too late to climb aboard this rocket.

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Talk Your Book: The Housing Market with Mike Simonsen

A Wealth of Common Sense

On today’s Talk Your Book, we are joined by Mike Simonsen, Founder and President of real estate analytics firm Altos Research (a firm acquired by HousingWire Media) See here and here to learn more about Mike’s research on residential housing On today’s show, we discuss: The beginnings of Mike’s real estate research business How housing data has affected the behavior of real estate market participa.

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Yum China (YUMC) Q2 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Yum China (NYSE: YUMC) Q2 2024 Earnings Call Aug 05, 2024 , 8:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Thank you for standing by. Welcome to the Yum China second quarter 2024 earnings conference call. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session.

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Livingbridge sells Habit Health to Five V Capital

Private Equity Wire

UK-based mid-market private equity investor Livingbridge has exited its investemnt in Habit Health through a sale to Five V Capital, marking the sixth exit for its 2016 vintage fund, Livingbridge 6. Habit was founded in 2002 and provides rehabilitation and mental health services in New Zealand. Livingbridge first invested in Habit in 2018 — the second investment out of the firm’s Australian office — and has overseen the increase of the company’s employee numbers from 285 to 877.

Capital 98
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After Cratering 44%, Where Will CrowdStrike Stock Be in 1 Year?

The Motley Fool

July was a pretty bad month for CrowdStrike (NASDAQ: CRWD) investors. The cybersecurity company has found itself in both a product-oriented and public relations disaster following an identified bug in a recent software update. The glitch has affected tens of thousands of customers around the world, and induced widespread panic selling among investors.

Investors 246
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Equistone invests in loss adjusting and claims solutions group QuestGates

Private Equity Wire

Mid-market private equity investor Equistone Partners Europe has made an investment in QuestGates, a UK provider of loss adjusting and claims services. QuestGates is headquartered in Birmingham and operates out of 12 offices across the UK and Ireland. Founded in 2003, the company offers loss adjusting, claims handling, surveying, engineering and legal services.

Legal 98
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41 States That Don't Tax Social Security Benefits

The Motley Fool

If there are 41 states that don't tax your Social Security benefits, that means there are nine that do. (The District of Columbia does not, by the way.) The fact that the vast majority don't tax it is good news, and there's more good news -- that majority is growing. When I wrote about this topic just two years ago , only 38 states didn't tax Social Security.

Taxes 246
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FINRA approves Palico as first ETS to execute LP-led PE secondaries transactions

Private Equity Wire

Palico, a digital secondaries platform for trading smaller private capital fund stakes, has received regulatory approval from FINRA to become the first and only electronic trading system for LP-led secondary transactions. With this authorisation, US entities will be able to execute the buying and selling of private equity fund interests on a secondary basis.

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Forget the "Magnificent Seven:" These 3 Tech Stocks Are Table-Pounding Buys

The Motley Fool

The world's most prominent technology companies, including Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia , and Tesla , dominated the stock market over the past 18 months. This group, dubbed the "Magnificent Seven," collectively generated remarkable investment returns on their way to trillion-dollar market caps. These companies are leading some of the hottest growth trends, including artificial intelligence (AI).

Prospects 246
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Vistra completes acquisition of the Fund Administration and Transfer Agent business of Phoenix American Financial Services, Inc.

Vistra

New York, 5 August 2024 – Vistra, a leading provider of essential business services that help organizations to invest and grow efficiently and compliantly across the world, today announced its acquisition of the US-based…

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Here's Why Stanley Black & Decker Stock Soared by 32% in July

The Motley Fool

Shares in toolmaker and industrial products company Stanley Black & Decker (NYSE: SWK) surged by 32.2% in July, according to data provided by S&P Global Market Intelligence. The move comes as the company reported well-received second-quarter earnings that helped support the bullish case for the stock and scatter the bears shorting it. Stanley Black & Decker builds a recovery It's no secret that consumer discretionary stocks are under pressure in 2024.

Returns 246
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TowerBrook acquires majority stake in IDAK Food Group 

Private Equity Wire

Investment management firm TowerBrook Capital Partners’ acquisition of a majority stake in IDAK Food Group from Invision and Nord Holding, with private credit firm Hayfin Capital Management providing debt financing. The acquisition is intended to support IDAK’s capital base and enable the company to pursue M&A across Europe. IDAK management team, led by CEO Christof Lehmann, will continue in their roles.

Stakes 98
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Forget Nvidia: 1 Super Semiconductor Stock Down 29% You'll Regret Not Buying on the Dip Instead

The Motley Fool

Nvidia is the go-to supplier of graphics processing units (GPUs) for processing artificial intelligence (AI) workloads in the data center. Sales are soaring, with demand coming from some of the world's biggest tech companies like Microsoft and Amazon. But Advanced Micro Devices (NASDAQ: AMD) has emerged as a worthy competitor, and its new data center GPUs are attracting some of Nvidia's most prized customers.

Returns 246
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Goldman Sachs Alternatives invests $440m in renewable power co BrightNight

Private Equity Wire

BrightNight, a renewable power company serving utility, commercial and industrial customers, has secured a $440m investment from the infrastructure business at Goldman Sachs Alternatives. Goldman Sachs’ investment, together with existing capital commitments, will fund BrightNight’s five-year business plan and the execution of its 31-gigawatt renewable power project portfolio, which is supported by its AI software platform, PowerAlpha.

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Why Amazon, Microsoft, Meta Platforms, and Other "Magnificent Seven" Stocks Got Caught Up in a Sell-Off on Monday

The Motley Fool

It's no secret that recent advancements in artificial intelligence (AI) helped drive the current market rally. Since the advent of generative AI early last year, the market has enjoyed the start of a remarkable bull run even as concerns about the broader economy persist. The combination of a carry trade and a rate hike by the Bank of Japan helped spark a worldwide sell-off that sent the major market indexes plunging.

Bidding 246