Fri.Jun 21, 2024

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Massive Bankruptcy News Crushes EV Stocks

The Motley Fool

Electric vehicle (EV) stocks cratered this week after Fisker filed for bankruptcy. The troubled automaker never got off the ground after a promising vehicle was plagued by poor software. While a failure doesn't say much about the other operators in the industry, it doesn't bode well for the market's willingness to fund EV losses long-term. According to data provided by S&P Global Market Intelligence , EV makers Faraday Future Intelligent Electric (NASDAQ: FFIE) fell as much as 26.9% and VinFast

Debt 246
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Private Equity Buys Almost $15bn In Renewable Energy Big Time

Private Equity Insights

The world is rapidly shifting towards clean renewable energy solutions, driven by their immense potential to mitigate climate change and achieve global net zero targets. Surprisingly, private equity firms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. These firms are drawn not only by the social and humanitarian benefits but also by the economic advantages of renewables, which include low-cost power, reduced reliance on imported fuels, and a

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Boeing Races to Catch SpaceX in Orbit -- But Has It Already Lost?

The Motley Fool

The International Space Station (ISS) orbits the Earth at an altitude of 250 miles. That doesn't sound like much. You can drive 250 miles in a cheap sedan in about four hours or take an hour-long flight (if that). It's taken Boeing (NYSE: BA) five years to reach the ISS, however. And when they finally arrived, they found SpaceX already got there four years ago.

Returns 246
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ChrysCapital to invest $100m in India’s Lenskart

Private Equity Insights

Private equity firm ChrysCapital is set to invest $100 million in Indian eyewear brand Lenskart. The latest investment, which will be via primary and secondary share purchases, brings Lenskart’s total capital infusion to nearly $850m in the last 12 months. Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) was in advanced talks in December to invest $350 million to $400 million in the company, valuing the eyewear retailer at $4.5 billion.

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3 Lesser-Known Social Security Rules You Should Be Aware Of

The Motley Fool

Social Security is simple, right? You work. You retire. You collect your benefits. Simple -- until it's not. The reality is that plenty of things about the popular federal program are more complicated. Here are three lesser-known Social Security rules you should be aware of. Image source: Getty Images. 1. Social Security's "do-over" Some people might think that once they begin collecting Social Security retirement benefits before their full retirement age (FRA) , it's an irrevocable decision.

Returns 246
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My All-Time High in Savings

A Wealth of Common Sense

I track all of my savings and investments on Excel. Guess I’m old school and, yes, kind of a personal finance dork. I can’t help it. It’s nothing fancy. Just a collection of the holdings in our various accounts along with some simple calculations — net worth, annual retirement contributions, asset allocation, how much we’re saving each year, etc.

Financing 135

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Bridgepoint to Buy Alpha Financial Markets Consulting in £626m Deal

Private Equity Insights

Alpha Financial Markets Consulting agreed to be bought by Bridgepoint Group in a deal valuing the London-listed specialist consulting firm at around $796.2 m. Private equity firm Bridgepoint is offering 505 pence in cash per Alpha FMC share, the groups said Thursday. The price is a 51% premium to the company’s closing price of 335.0 pence on April 30, the day before the takeover interest was disclosed.

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5 Biggest Small Business Owner Regrets

The Motley Fool

Image source: Getty Images Starting a business is exciting, and a higher percentage of business owners say they're very satisfied with their work compared to people in traditional jobs. But being responsible for your business's success means you have to make all the decisions -- and some of them will inevitably be the wrong call. So, how can small business owners reduce some of their regrets?

Debt 246
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Private Equity Buys Almost $15bn In Renewable Energy Big Time

Private Equity Insights

The world is rapidly shifting towards clean renewable energy solutions, driven by their immense potential to mitigate climate change and achieve global net zero targets. Surprisingly, private equity firms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. These firms are drawn not only by the social and humanitarian benefits but also by the economic advantages of renewables, which include low-cost power, reduced reliance on imported fuels, and a

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2 Stocks That Could Turn $1,000 Into $5,000 by 2030

The Motley Fool

Investing is all about putting money to work now that you hope will be worth more later. It's OK to dream big -- say, of a fivefold increase in six years -- but you have to pick the right stocks. What stocks can turn $1,000 today into $5,000 come 2030? Two names I like are Carnival (NYSE: CCL) and Roku (NASDAQ: ROKU). Let's take a closer look. 1. Carnival You might think that the world's largest cruise line operator is an odd bet to be a five-bagger by 2030, but there are a few factors that coul

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Blackstone makes $1.7bn bid for Japan e-comics platform Infocom

Private Equity Insights

Blackstone launched a $1.74bn bid to take Japanese digital comic distributor Infocom private, including a tender offer for a per-share price of 6,060 yen, Infocom said on Tuesday. The tender offer will amount to 141.4 billion yen, Infocom said. The company’s current parent Teijin separately said it will sell all of its 58% stake in Infocom for 134.4 billion yen in a share buyback after the buyout is completed.

Bidding 130
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1 Unstoppable Vanguard ETF to Buy With $600 During the S&P 500 Bull Market

The Motley Fool

Nvidia (NASDAQ: NVDA) stock has soared 181% so far in 2024, and its current market capitalization of $3.3 trillion now accounts for 7% of the entire value of the S&P 500. As a result, Nvidia alone is responsible for one-third of the 15.7% gain in the index this year. Simply put, investors with no exposure to the largest U.S. technology stocks -- especially those developing artificial intelligence (AI) -- have missed out on significant returns in 2024.

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Hamilton Lane closes $5.6bn fundraising exceeding target

Private Equity Insights

Hamilton Lane raised $5.6 billion as part of its Hamilton Lane Secondary Fund VI, exceeding its initial target, the investment management company said late on Tuesday. The fundraising, the biggest in the firm’s history, saw strong support from a diverse group of new and existing investors with the fund exceeding its $5 billion target, the company said in a statement.

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Nvidia's Stock Split Happened 2 Weeks Ago. Is It Too Late to Buy?

The Motley Fool

The artificial intelligence steam train that is Nvidia (NASDAQ: NVDA) finally overtook Apple and Microsoft to become the most valuable company on the planet by market capitalization. This comes on the heels of the company's 10-for-1 stock split earlier this month. Investors saw the number of their shares multiplied by 10, while the share price became a tenth of where it was before.

Returns 246
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Kinderhook Industries Raises $2.75bn for 8th Fund

Private Equity Insights

Kinderhook’s investor base was comprised of domestic and international endowments, foundations, family offices, pensions, and other institutional capital bases. The firm added new investors that broaden its Limited Partner base in the United States, Europe, and for the first time, in the Middle East, Asia and Latin America. The fund will continue the firm’s buy-and-build strategy in the environmental, business services, automotive, light manufacturing, and healthcare services sectors.

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Forget Eli Lilly, Buy This Magnificent Biotech Stock Instead

The Motley Fool

Nearly everything is going right these days for Eli Lilly (NYSE: LLY). Sales and profits have been soaring. So has the share price, jumping more than 50% year to date after a 59% gain in 2023. Lilly now ranks as the biggest healthcare company in the world. The drugmaker has more room to grow, with its obesity drug Zepbound and a U.S. approval for Alzheimer's disease drug donanemab likely on the way.

Prospects 246
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Charlesbank Capital Partners Closes Technology Opportunities Fund II at $1.275bn

Private Equity Insights

Charlesbank Capital Partners, a middle-market private investment firm, announced today that it has successfully completed fundraising for Charlesbank Technology Opportunities Fund II. The Fund closed at its hard cap of $1.275bn of commitments from a diverse set of existing and new limited partners, surpassing its target of $1.1bn and initial hard cap of $1.2bn.

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Intel Foundry Takes a Step Forward With Intel 3 Process

The Motley Fool

Intel (NASDAQ: INTC) has set its sites on regaining manufacturing dominance with an ambitious plan to launch five new process nodes in four years. Intel 7, a revamp of its long-delayed 10-nanometer node, was first on the list. Then came Intel 4, which was used for the compute tile portion of Intel's Meteor Lake laptop central processing units (CPUs) that launched toward the end of last year.

Returns 246
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Antares Capital closes $400m Collateralised Loan Obligation

Private Equity Insights

Antares Capital has closed its third broadly syndicated loan collateralised loan obligation, Orion CLO 2024-3, securing $400m. Antares launched its first BSL CLO, CLO 2023-1, with $450m in October, and the second, CLO 2023-2, at the end of last year, also at $450m. Last March, Antares appointed Apex Credit Partners’s Andrew Stern as managing director, portfolio manager and trader for its liquid credit platform, which builds on its private credit CLO platform established in 2017.

Capital 130
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Taiwan Semiconductor Manufacturing Is the Pickax of the Artificial Intelligence (AI) Gold Rush. Is There More Upside?

The Motley Fool

If you've been an investor for a while, you've likely heard the phrase "picks and shovels" when referring to a company. This moniker is given to a business that may not pursue a trend directly. Instead, it's giving its clients the tools they need in their efforts. When it comes to the artificial intelligence (AI) gold rush, there are a few picks-and-shovels companies that are excelling.

Investors 245
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ChrysCapital to invest $100m in India’s Lenskart

Private Equity Insights

Private equity firm ChrysCapital is set to invest $100 million in Indian eyewear brand Lenskart. The latest investment, which will be via primary and secondary share purchases, brings Lenskart’s total capital infusion to nearly $850m in the last 12 months. Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) was in advanced talks in December to invest $350 million to $400 million in the company, valuing the eyewear retailer at $4.5 billion.

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Where Will Broadcom Stock Be in 5 Years?

The Motley Fool

With shares up by over 500% over the last five years, Broadcom (NASDAQ: AVGO) has been a big winner in the artificial intelligence (AI) boom. Let's dig deeper into the pros and cons of the stock to determine if it can generate similar returns over the next half-decade. Why Broadcom? The current iteration of Broadcom came to be from the 2016 merger of Avago Technologies and Broadcom Corporation to unlock synergies and better meet the demands of large clients.

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Ares and Searchlight commit £500m to RSK Group

Private Equity Insights

UK environmental consulting and engineering service provider RSK Group is set to receive a £500m preferred equity investment from a consortium led by Searchlight Capital Partners and Ares Management. The investment will contribute to the execution of RSK’s 2030 global strategy, which includes both organic growth initiatives and the continuation of its acquisition strategy, according to a company statement.

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3 Reasons to Cancel Your Costco Membership That Have Nothing to Do With Fee Hikes

The Motley Fool

Image source: Getty Images Will Costco be raising membership fees soon? Probably not, if you ask CFO Gary Millerchip. During the company's most recent earnings call, he confirmed that while fees are likely to increase at some point, there are no near-term plans to raise them. Now you may not be happy about the idea of an eventual Costco fee hike. And you may have already decided that you'll be canceling your membership once that happens.

Financing 244
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Hamilton Lane closes $5.6bn fundraising exceeding target

Private Equity Insights

Hamilton Lane raised $5.6 billion as part of its Hamilton Lane Secondary Fund VI, exceeding its initial target, the investment management company said late on Tuesday. The fundraising, the biggest in the firm’s history, saw strong support from a diverse group of new and existing investors with the fund exceeding its $5 billion target, the company said in a statement.

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Nvidia Gobbled Up Shares of This Artificial Intelligence (AI) Company. Is It Too Late to Buy?

The Motley Fool

Nvidia is undoubtedly the hottest stock in tech. All eyes are on its every move, so when it disclosed a hefty position in artificial intelligence (AI) company SoundHound AI (NASDAQ: SOUN) last February, shares of the small-cap stock rocketed up well over 50% in a day. Even if some were hearing about it for the first time, SoundHound is far from a new company.

Companies 243
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Kinderhook Industries Raises $2.75bn for 8th Fund

Private Equity Insights

Kinderhook’s investor base was comprised of domestic and international endowments, foundations, family offices, pensions, and other institutional capital bases. The firm added new investors that broaden its Limited Partner base in the United States, Europe, and for the first time, in the Middle East, Asia and Latin America. The fund will continue the firm’s buy-and-build strategy in the environmental, business services, automotive, light manufacturing, and healthcare services sectors.

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The 2025 Social Security COLA Could Be the Largest We See for a Long Time. Here's Why That's Bad News for Seniors

The Motley Fool

We won't learn the official 2025 Social Security cost-of-living adjustment (COLA) until October, but the latest estimates put it somewhere around 2.57%. This is less than the 3.2% boost beneficiaries got this year and well under the 8.7% increase we saw in 2023. A 2.57% increase would add about $49 to the $1,917 average Social Security check as of May 2024.

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Charlesbank Capital Partners Closes Technology Opportunities Fund II at $1.275bn

Private Equity Insights

Charlesbank Capital Partners, a middle-market private investment firm, announced today that it has successfully completed fundraising for Charlesbank Technology Opportunities Fund II. The Fund closed at its hard cap of $1.275bn of commitments from a diverse set of existing and new limited partners, surpassing its target of $1.1bn and initial hard cap of $1.2bn.

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After Nvidia's Stock Split, This Semiconductor Stock Is Next. Here's What to Expect.

The Motley Fool

Nvidia captured the investing world's attention. The semiconductor maker grew at a lightning pace over the last two years as the leading provider of the chips that make artificial intelligence (AI) possible. Recently, the company executed a 10-for-1 stock split, meaning investors now have 10 times as many shares, with each one worth 10% of what they were just before the split.

Debt 243
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Antares Capital closes $400m Collateralised Loan Obligation

Private Equity Insights

Antares Capital has closed its third broadly syndicated loan collateralised loan obligation, Orion CLO 2024-3, securing $400m. Antares launched its first BSL CLO, CLO 2023-1, with $450m in October, and the second, CLO 2023-2, at the end of last year, also at $450m. Last March, Antares appointed Apex Credit Partners’s Andrew Stern as managing director, portfolio manager and trader for its liquid credit platform, which builds on its private credit CLO platform established in 2017.

Capital 130
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3 Reasons Apple Stock Is a Buy and Hold

The Motley Fool

The legendary Warren Buffett's single biggest holding by a mile is Apple (NASDAQ: AAPL). The iPhone maker makes up 43% of Berkshire Hathaway 's portfolio -- close to $170 billion in AAPL stock. After Berkshire's last annual meeting, Buffett said that Apple "is an even better business" than his long time favorites, Coca-Cola and American Express. Although he sold off some shares over the last year, Buffett insisted that this was for tax purposes, not because he lost faith in the company.

Taxes 242
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KKR buys owner of European music festivals in £1.3bn deal

Financial Times M&A

US buyout firm to acquire UK group behind festivals including Germany’s Wacken Open Air and Cornwall’s Boardmasters

Buyout 111
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Yes, Banks Can Take Money From Your Account Without Your Permission. Here's How It Happens.

The Motley Fool

Image source: Getty Images Yes, although you may not be aware of it, a bank can take money out of your checking account , even without asking your permission beforehand. It's called a "right to offset," and it's built into the terms and conditions page you sign before opening your account. Of course, this doesn't mean banks can take money whenever they like.

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