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VinFast Auto (NASDAQ: VFS) broke onto the scene as an electric vehicle (EV) company with unique potential. The Vietnamese EV maker had massive backing from its parent company and billionaire owner, a stranglehold on its home market, cheap labor costs, state-of-the-art manufacturing plants, and massive addressable markets to which it could export vehicles.
CJ Pony Parts , a portfolio company of Century Park Capital Partners , has acquired American Powertrain , a provider of branded transmission kits for classic vehicles. Century Park acquired CJ Pony in April 2021. American Powertrain specializes in providing modern drivetrain technology to classic and muscle car owners, including overdrive transmission systems, hydraulic clutch kits, and a range of drivetrain-related parts.
Image source: Getty Images Not long ago, I came across a Wells Fargo credit card that seemed perfectly attuned to my spending habits. It didn't have the best sign-up bonus I'd ever seen, but the card's bonus rates were high enough to elicit speculation over how much I'd earn on categories that my other cards simply haven't captured. My credit history is flawless and my FICO® Score, according to Experian, was above 800.
Publicly traded Krispy Kreme has sold a majority ownership stake in Insomnia Cookies to Verlinvest and Mistral Equity Partners at an enterprise value of $350 million. According to Krispy Kreme, the $350 million valuation is more than twice the valuation of Insomnia Cookies when Krispy Kreme acquired it in 2018. Post closing, Krispy Kreme will own a 34% minority equity interest in Insomnia Cookies.
For nearly 60 years, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been running circles around Wall Street's major stock indexes. Since ascending to the CEO chair in the mid-1960s, he's overseen an aggregate return of greater than 5,350,000% for Berkshire's Class A shares (BRK.A), as of the closing bell on July 18. This works out to an annualized return or nearly 20% over six decades.
Trait, a Berlin, Germany-based provider of a training app, raised €1M in Seed funding. Backers included HTGF, better ventures and others. The company intends to use the funds for the further development of its AI training platform, which aims to provide a more personalized training experience for runners. Founded by Raphael Jung and Matthias Ettrich, […] The post Trait Raises €1M in Seed Funding appeared first on FinSMEs.
The Senior Citizens League (TSCL), a nonprofit advocacy group, expects Social Security benefits to get a 2.6% cost-of-living adjustment (COLA) in 2025. That would mark the first time since 2021 that retirees have received a COLA under 3%. It could also be the first time since 2021 that Social Security benefits have lost buying power in two consecutive years.
Grover, a Berlin, Germany-based company which specializes in technology rentals, raised additional €50M in funding. Backers included Cool Japan Fund (CJF), a public-private fund from Japan and existing investors, such as Energy Impact Partners, Korelya, Augmentum und Circularity Capital. The company intends to use the funds to increase its profitability and ensure further sustainable growth. […] The post Grover Secures Additional €50M in Funding appeared first on FinSMEs.
Grover, a Berlin, Germany-based company which specializes in technology rentals, raised additional €50M in funding. Backers included Cool Japan Fund (CJF), a public-private fund from Japan and existing investors, such as Energy Impact Partners, Korelya, Augmentum und Circularity Capital. The company intends to use the funds to increase its profitability and ensure further sustainable growth. […] The post Grover Secures Additional €50M in Funding appeared first on FinSMEs.
Image source: The Motley Fool/Upsplash Mortgage refinancing activity recently jumped to a two-year high, according to data from the Mortgage Bankers Association. While demand for refinancing is still well below where it was in 2020 and 2021, it is 37% higher than it was a year ago, indicating that many people are finding it worthwhile to refinance their home loans.
In 2016, United Launch Alliance (ULA) CEO Tory Bruno had a dream: to beat SpaceX on launch prices -- or at least come close. Eight years ago, the former Lockheed Martin (NYSE: LMT) executive announced ULA's plan to develop a new rocket that would launch for less than $100 million and put the company within a stone's throw of SpaceX's then-current $61 million launch price.
Endless Health, an Austin, TX-based end-to-end at-home testing and preventive medicine company, raised $4.5M in Seed funding. The round was led by Next Coast Ventures, which was an early investor, and Asset Management Ventures. Antler Elevate also increased their investment. The company intends to use the funds to expand operations and its business reach.
Inflation has certainly cooled off from its 2022 peak, but it isn't gone. As a result, Social Security beneficiaries can expect a significant cost-of-living adjustment, or COLA, to increase their benefits in 2025. However, there's more to the story. In this video, I'll discuss two big reasons the COLA might not be enough for retirees to keep up with the cost of living.
Digital First AI, a Kraków, Poland-based marketing tech company, raised €3.5m in funding. The round was led by 4growth VC, with participation from Plug&Play and Sher Ventures, Hub71, and the owners of creative agency McCANN Poland. The company intends to use the funds to expand operations, its development efforts and business reach. Founded in 2021 […] The post Digital First AI Raises €3.5M in Funding appeared first on FinSMEs.
Nvidia is significantly larger than almost every company in the world. However, that doesn't mean it will necessarily stay that way. A lot can happen over five years, and I think two companies will pass Nvidia in size over the next five years: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN). Both happen to be involved in artificial intelligence (AI) as well, and I think they make for better buys than Nvidia right now.
Cell BioEngines, a NYC-based company researching stem cells in order to develop new cell therapies, raised additional $2M in funding. The round consisted of $1.75M from SOSV and the Partnership Fund, and $0.25M from Empire State Development’s NY Ventures, the state’s venture capital arm through the Pre-Seed and Seed Matching Fund Program. The company intends […] The post Cell BioEngines Raises Additional $2M in Funding appeared first on FinSMEs.
Within the last two weeks, we've witnessed the ageless Dow Jones Industrial Average , benchmark S&P 500 , and growth stock-inspired Nasdaq Composite catapult to record closing highs. While excitement surrounding the rise of artificial intelligence (AI) has played an undeniable role in sending the broader market higher, don't overlook the other key trend powering the indexes to new heights: Stock-split euphoria.
Social Security serves as a financial lifeline for millions of retired seniors today. Even retirees with savings often depend heavily on those benefits to cover their ongoing expenses. So it stands to reason that each year, beneficiaries are eager to get the most generous cost-of-living adjustment (COLA) possible. The purpose of COLAs is to help Social Security recipients maintain their buying power as inflation drives living costs upward.
Dopay, a Cairo, Egypt-based fintech company providing a digital payroll and payments platform, raised $13.5M in Series A funding. The round was led by Argentem Creek Partners with participation from existing investors. The company intends to use the funds to accelerate its rapid expansion in its initial market, Egypt, launch a range of new financial […] The post Dopay Raises $13.5M in Series A Extension Funding appeared first on FinSMEs.
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. Being able to pass on an inheritance to your loved ones after you have died is an amazing accomplishment that drives many people's hard work. There's just something about continuing your support beyond your own life that makes the effort worthwhile.
Saiz, a Berlin, Germany-based provider of a platform that leverages data analytics to personalise garment measurement, raised €2.5m in seed funding. The round was led by EnjoyVenture and Salica Investments, with participation from Houghton Street Ventures, Gateway Ventures and strategic angels. The company intends to use the funds for product development.
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of July 19, 2024. The video was published on July 19, 2024. Should you invest $1,000 in Nvidia right now?
Thompson Street Capital Partners (TSCP) has made an investment in National Arbitration & Mediation , a provider of alternative dispute resolution (ADR) services. National Arbitration & Mediation (NAM) specializes in providing arbitration and mediation services to resolve civil disputes outside traditional courtroom settings. To deliver these services, NAM employs a panel of over 2,600 former judges and legal practitioners which, in the jargon of the industry, are known as “neutrals.
Image source: The Motley Fool/Upsplash One of the best ways to start a side hustle is to build upon the career skills that you already have. If you already have a day job with tech, sales and marketing, business management, or creative professional skills that are in-demand, you could start a side hustle that pays $30 per hour or more. Turning your nights and weekends into extra cash can be exciting, inspiring, and empowering.
Kingswood Capital Management has held a final close its oversubscribed and above target third fund, Kingswood Capital Opportunities Fund III LP , with total capital commitments of $1.5 billion. Kingswood began raising Fund III just 90 days ago and originally targeted $1.0 billion in total capital commitments. Limited partners in Fund III include endowments, foundations, health systems, public pension plans, family offices, funds of funds, and high-net worth individuals.
In today's video, I discuss recent updates impacting Advanced Micro Devices (NASDAQ: AMD) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of July 19, 2024. The video was published on July 21, 2024. Should you invest $1,000 in Advanced Micro Devices right now?
Although it's not unheard of for a 401(k) account balance to reach the seven-figure mark, it is rather rare. Mutual fund company Vanguard Group reports that the average workplace-retirement account for clients aged 65 or older is only $272,588, while the median (or midpoint) balance for these folks is a much smaller $88,488. Obviously, a very small number of very big 401(k) accounts is skewing the mathematical average higher!
Amberjack Capital Partners, a private equity investment firm focused on the industrial, infrastructure and environmental sectors, has exited its investment in Best Trash, with a sale to HIG Capital. This transaction marks Amberjack’s second exit from its environmental services and waste strategy in the last twelve months, following the sale of Milestone Environmental Services last year.
Artificial intelligence (AI) has been the driving force behind the current bull market run. The strong demand for AI hardware, software, and development tools and services has resulted in ballooning revenue and profits for several high-profile tech companies. But the trend may be just getting started. Generative AI spending will increase from $67 billion last year to $1.3 trillion by 2032, according to estimates from Bloomberg Intelligence.
US-based private equity firm Stonepeak has agreed to an all-cash deal to acquire New Zealand-based senior care specialist Arvida Group for NZD1.24bn ($745.74m) excluding debt, according to a report by Reuters. News of the acquisition saw Arvida’s shares surge by nearly 60% on Monday to NZD1.62, their highest level in over two years. Shares of rival companies including Ryman Healthcare and Summerset also saw increases of 7.7% and 2.25% respectively, on the speculation of further consolidati
Image source: Getty Images On July 19, CrowdStrike, a common provider of cybersecurity software, experienced a global outage that impacted everything from local emergency services to healthcare systems. The outage also grounded thousands of flights, leaving many travelers stranded. Of course, widespread outages like this are pretty rare. But they can happen.
Investindustrial has agreed to acquire a roughly 61% stake in Piovan, a manufacturer of auxiliary machineries and solutions for processing automation. The firm has also launched a mandatory tender offer of €14.00 per share, which gives the company a valuation of about €716m and is a premium of about 13.4%. Andrea Bonomi, chairman of the […] The post Deal Roundup: Investindustrial looks to buy Piovan, CapMan leads consortium for Innofactor first appeared on AltAssets Private Equity News.
Cathie Wood may or may not be a fan of playground equipment, but there's no denying that she always has her eyes on slides. The Ark Invest founder, CEO, and stock picker has a habit of adding to her positions when they fall out of favor. She was in stride on the final trading day of last week. Ark bought only three stocks on Friday, adding to her existing stakes in CrowdStrike Holdings (NASDAQ: CRWD) , Oklo (NYSE: OKLO) , and GitLab (NASDAQ: GTLB).
European mid-market private equity firm Inflexion has invested in FDMUK, a provider of telecoms market share, pricing and proposition data across Europe. The investment is being made by Inflexion’s Enterprise Fund V. According to a press statement, FDM has realised 150% growth over the last three years. Its point-of-sale and real-time pricing datasets are utilised by major UK broadband providers, mobile operators and price comparison websites, as well as global manufacturers.
Signing up for Medicare isn't as simple as you might expect. While Parts A and B are available to all enrollees, from there, you have choices. If you stick to original Medicare, you'll need to figure out which Part D drug plan is right for you. And if you decide to get coverage under Medicare Advantage, you'll need to determine which plan you should buy based on factors that include cost and benefits.
Private investment house Ardian has acquired a majority stake in Masco Group, a global provider of products and services to the pharmaceutical and biotech industries, from RSBG SE, the holding subsidiary of RAG-Stiftung. The Borella family and Masco Group’s current management team will reinvest alongside Ardian, while Luca Borella will continue to lead the company as CEO.
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