Mon.Jul 08, 2024

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41 States That Don't Tax Social Security Benefits

The Motley Fool

What's your biggest worry regarding retirement? For most people, it's simply outliving their money. That's why so many of us are working so hard to save as much as we possibly can right now. The good news is, your retirement income might actually go a little bit further than you expect. Although Social Security was never intended to be an individual's sole source of retirement funding, at least this part of your future cash flow isn't taxed in most states.

Taxes 246
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Biostate AI Raises $4M in Funding

FinSMEs

Biostate AI, a Palo Alto, CA-based scalable biodata foundry startup, raised $4M in funding. The round was led by Matter Venture Partners, with participation from Vision Plus Capital, Catapult VC, the Caltech Seed Fund, Dario Amodei (CEO of Anthropic), Joris Poort (CEO of Rescale), Michael Schnall-Levin (CTO of 10X Genomics) and Emily Leproust (CEO of Twist Bioscience).

Funds 113
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Nike Stock Hasn't Been This Cheap in Over a Decade. Is This a Buying Opportunity or Are There Good Reasons to Avoid It?

The Motley Fool

Athletic apparel giant Nike (NYSE: NKE) is known around the world and is easily recognizable by its swoosh logo. But sometimes, even an iconic company can dip into bargain territory, and Nike stock now carries an unusually cheap valuation. Consider that its market cap is currently about $113 billion, and it generated revenue of over $51 billion in its fiscal 2024.

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Niva Raises More Than $3.3M in Funding

FinSMEs

Niva, a NYC-based provider of a global business identity platform, raised more than $3.3M in funding. The round was led by Gradient Ventures, Google’s AI-focused venture fund, along with participation from Picus Capital, Canary, Gilgamesh Ventures, and executives from Chime, Deel, Enigma, and Faire. The company intends to use the funds to expand operations and its development efforts. […] The post Niva Raises More Than $3.3M in Funding appeared first on FinSMEs.

Funds 108
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Broadcom's Stock Split Happens on July 12. Here's What to Expect.

The Motley Fool

The moment Broadcom (NASDAQ: AVGO) investors and potential investors have been waiting for is almost here: The company's 10-for-1 stock split happens later this week. Broadcom will become the latest high-flying stock, following Nvidia and Chipotle Mexican Grill last month, to bring its stock price down to Earth. Stock splits lower the price of individual shares to make them more accessible to a broader range of investors.

Prospects 246
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Apriori Bio Raises $1.1M in Funding

FinSMEs

Apriori Bio, a Boston, MA-based biotechnology company providing innovations against viral threats, raised US $1.1M in funding. CEPI made the investment. The company intends to use the funds to biology-informed artificial intelligence platform Octavia™. Led by CEO Lovisa Afzelius, Apriori is biotechnology company providing innovations against viral threats.

Funds 106

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Behrman Capital nears final close for $500m-targeting Fund VII

AltAssets

Mid-market buyout firm Behrman Capital is nearing a final close for its $500m-targeting Fund VII. The post Behrman Capital nears final close for $500m-targeting Fund VII first appeared on AltAssets Private Equity News.

Capital 97
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The S&P 500 Soared Nearly 15% in the 1st Half. History Says This Will Happen Next.

The Motley Fool

The answer to a crucial question emerged in the early days of the year. Everyone was wondering if the market had shifted into bull territory -- then the S&P 500 (SNPINDEX: ^GSPC) reached a record high, confirming a bull market had indeed arrived. Even better, the index continued to reach new highs and finished the first half of the year with a gain of almost 15%.

Prospects 246
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Permira brings in Anish Patel to co-lead newly-established climate investing team

AltAssets

Global private equity major Permira has named Anish Patel as partner and co-head of climate, in the wake of the firm launching its dedicated climate investing team in March. The post Permira brings in Anish Patel to co-lead newly-established climate investing team first appeared on AltAssets Private Equity News.

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Why Taiwan Semiconductor Stock Topped the Market Today

The Motley Fool

For the most part, Monday was a rather forgettable day for the stock market. The S&P 500 index could only muster a 0.1% gain, and many titles traded sideways during the session. So the more than 1% gain of chipmaking giant Taiwan Semiconductor Manufacturing (NYSE: TSM) to a new, all-time high share price was notable. The long-tail trend is its friend That day, Taiwan Semiconductor benefited from a long-tail trend, combined with a little adrenaline boost from an analyst.

Banks 246
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Choosing the Right Financial Planning Software for Your Practice: RightCapital vs. eMoney

XY Planning Network

As the world of financial advice continues to evolve from being mostly investment product-driven to delivering a one-time financial plan as a basis for investment recommendations and, more recently, toward ongoing, comprehensive financial planning advice, the tools advisors use to analyze client situations and generate insightful advice have also evolved.

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Want the Max $4,873 Social Security Benefit? Here's the Salary You Need.

The Motley Fool

Few people can expect to retire on Social Security alone. The average Social Security retirement benefit in May was $1,868. That's just $22,416 on an annual basis. Without any extra sources of income, you'll probably find your retirement lacking. If you earn enough during your career, however, you could receive a much larger monthly check. The maximum benefit in 2024 is $4,873 per month, the equivalent of $58,476 per year.

Taxes 246
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Pacific Avenue closes on KiddeFenwal acquisition

Private Equity Wire

Pacific Avenue Capital Partners, a middle-market private equity firm specialising in carve-outs and complex situations, has closed its acquisition of KiddeFenwal, a designer and manufacturer of industrial and commercial fire suppression systems and safety controls. According to a press statement, the deal positions KiddeFenwal for “substantial growth while allowing it to further expand its market share, both in the US and globally” Under Pacific Avenue’s ownership, KiddeFenwal will f

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The Smartest Dividend Stocks to Buy With $250 Right Now

The Motley Fool

Dividend stocks pay you regularly regardless of how the share price fluctuates. Ideally, of course, the share price will move steadily higher over time and make you money in two ways. The good news is that you don't need much upfront capital to get started. Many dividend stocks are available that have relatively low share prices. Here are my picks for the smarted dividend stocks to buy with $250 right now. 1.

Capital 246
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Mutares opens Chicago office and completes add-on acquisition 

Private Equity Wire

German special situations private equity firm Mutares has acquired Hirschvogel Incorporated, a US steel forging and machining components supplier to Ford, Metallus and Dana, in the firm’s ninth acquisition this year and its first US deal. Hirschvogel will be renamed Walor North America and will join the FerrAl United Group, Mutares’ portfolio company and a Frankfurt-based global supplier of automotive castings and forgings.

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Wall Street's Next Stock Split -- a 27,000%-Gainer Since Its IPO -- Is Imminent, and I'm Not Talking About Broadcom

The Motley Fool

At the moment, there's probably not a hotter trend on Wall Street than artificial intelligence (AI). But companies enacting stock splits comes in a very close second. A stock split is a mechanism that allows publicly traded companies to superficially alter their share price and outstanding share count. It's cosmetic in the sense that a stock split doesn't change a company's market cap, and it has no impact on its operating performance.

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Campbell Lutyens appoints ex-Hungarian PM as CEO 

Private Equity Wire

Global private markets advisor Campbell Lutyens has appointed Gordon Bajnai as CEO, effective 1 September. Bajnai succeeds Andrew Sealey, who has been CEO since 2003, having first joined the business back in 1990. Sealey will become Chairman, while John Campbell, one of the founders of the firm, will continue as Emeritus Chairman. Bajnai was initially an advisory director for Campbell Lutyens before joining in an executive capacity in 2017.

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3 Ways to Secure Funding for Your Small Business

The Motley Fool

Image source: Getty Images Starting a small business or launching a startup is an adventure filled with excitement and challenges, one of which is securing the necessary funding to turn your big ideas into reality. Whether you're looking to innovate in technology, open a cozy cafe, or launch a sustainable fashion line, funding is the fuel that powers your business dreams.

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KKR mulls reviving multi-billion dollar Goodpack sale

Private Equity Wire

Private equity major KKR is exploring the possibility of restarting the sale process for Goodpack, a Singapore-based global supply chain and logistics company, in a deal that could be worth several billion dollars, according to a report by the Wall Street Journal. The report cites unnamed sources familiar with the matter in revealing that the private equity firm is in preliminary discussions with advisers about selling Goodpack, and if there is sufficient market interest, a formal sales process

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With 2024 Half Over, Retirees Need to Plan Now for a 2025 COLA Disappointment

The Motley Fool

With July getting under way, 2024 is half over -- hard as it may be to believe. The new year will be here before most people know it, so it's time for seniors to start looking ahead financially to prepare for what life may look like in 2025. This is especially important because retirees -- especially those who have left the workforce in the post-pandemic era -- could be in for an unpleasant surprise next year.

Education 246
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Permira names Co-Head of Climate 

Private Equity Wire

Global private equity firm Permira has appointed Anish Patel as Partner and Co-Head of Climate. In his new London-based role, Patel will co-lead Permira’s dedicated climate investing team alongside Kush Patel. Patel was most recently a Partner and a senior member of the investment and portfolio management team at Kerogen Capital. Prior to this, he worked in corporate finance at JP Morgan Cazenove, where he advised clients in the energy and industrial sectors.

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How Many People Really Save $1 Million for Retirement?

The Motley Fool

Image source: Getty Images You're not alone if your retirement account balances are far from the $1 million mark. While many people may aim for that goal, most don't reach it. Employee Benefit Research Institute (EBRI) data estimates that just 3.2% of Americans have $1 million or more in their retirement accounts. Here's how much most Americans have saved and what you can do to boost your retirement savings.

Taxes 246
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PE target Paramount Global to merge with Skydance Media

Private Equity Wire

Paramount, owner of Paramount Pictures movie and television studios, the CBS television network and CBS News and a takeover target of private equity firm Apollo Global, is to merge with Skydance Media, according to a report by CBS News. Skydance is the entertainment business founded by David Ellison, son of Oracle founder Larry Ellison. Paramount also owns the Paramount+ streaming service, Nickelodeon, BET, MTV, Comedy Central and other media brands.

Bidding 77
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Realty Income: Buy, Sell, or Hold?

The Motley Fool

There are a lot of choices for income investors these days. Even if you narrow your search to high-yielding options, there are more than 1,300 U.S.-exchanged listed investments currently yielding more than 5%. One of the more popular names on that list is Realty Income (NYSE: O). The real estate investment trust ( REIT ) is a titan among commercial real estate plays, known largely for its monthly distributions and long track record of increases.

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Carlyle in exclusive talks to acquire Baxter’s kidney care unit

Private Equity Wire

Private equity firm Carlyle Group is in exclusive discussions to purchase Baxter International’s kidney care spinoff, Vantive, in a deal valued at around $4bn including debt, according to reports by Reuters and the Wall Street Journal. The report cites an unnamed source in revealing that the parties entered exclusive negotiations in late June, and an announcement over a deal could be made in the coming weeks.

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Nvidia and AMD Could Help This Stock-Split ETF Turn $200,000 Into $1 Million

The Motley Fool

Semiconductors are at the heart of the artificial intelligence (AI) revolution. Developing the most advanced AI models wouldn't be possible without the data center graphics processing units (GPUs) designed by the likes of Nvidia (NASDAQ: NVDA). That company added $2.8 trillion to its market capitalization over the past 18 months alone thanks to surging demand for its GPUs.

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Lexington anchors $1.2bn MetLife fund of funds by leading secondaries sale process

AltAssets

The institutional asset management business of life insurance giant MetLife has launched its $1.2bn second private equity fund through a secondaries process anchored by Lexington Partners. The post Lexington anchors $1.2bn MetLife fund of funds by leading secondaries sale process first appeared on AltAssets Private Equity News.

Funds 77
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Is C3.ai a Buy?

The Motley Fool

Investors have flocked to chip stocks, but artificial intelligence-powered software also could be an investing option over the next several years. C3.ai (NYSE: AI) is one of the players working to establish itself in the space. Its custom software applications use AI and data to make corporations more innovative and efficient. There's no denying the growth opportunity ahead of C3.ai.

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Eneida Closes €10.5M Series B Financing

FinSMEs

Eneida, a Coimbra, Portugal-based company which specializes in neighbourhood grid intelligence for zero emission neighbourhoods (ZEN), raised €10.5M in Series B funding. The round was led by Junction Growth Investors, who led the round, and Santander Alternative Investments. Additionally, Korys, an Eneida investor, increased its stake, alongside participation from current investor HCapital, and the company’s […] The post Eneida Closes €10.5M Series B Financing appeared first on FinSMEs.

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I Have High Hopes for These 3 Dirt Cheap Dividend Stocks in the Second Half of 2024 (and Beyond)

The Motley Fool

This year has been a great one for the broader indexes like the S&P 500 and the Nasdaq Composite , which have been driven higher by outsize gains in megacap growth stocks. But other pockets of the market have done fairly poorly, like industry-leading dividend payers whose consistency and stability shine in a downturn but are getting overlooked in today's market.

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HarmonyCares Raises $200M in Funding

FinSMEs

HarmonyCares, a Troy, MI-based provider of value-based in-home longitudinal care, raised $200M in funding. The round was led by General Catalyst, McKesson Ventures, and a national payor which were joined by K2 HealthVentures and existing investors Rubicon Founders, Valtruis, HLM Capital, and Oak HC/FT. The company intends to use the funds to expand its services […] The post HarmonyCares Raises $200M in Funding appeared first on FinSMEs.

Funds 70
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2 Top-Notch Vanguard ETFs That Are Screaming Buys in July

The Motley Fool

Investing is like gardening. It takes a bit of work, patience, and some specialized knowledge. Nevertheless, with a little help, anyone can do it. One of the best ways to invest, whether you're a beginner or an expert, is with exchange-traded funds (ETFs). These specialized investment products trade like stocks, but they have many of the characteristics of mutual funds.

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David Ellison says Paramount will become a ‘media and tech’ company

Financial Times M&A

The son of Oracle founder Larry Ellison believes technology will be crucial to transforming the struggling studio’s fortunes

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Why Did Zscaler Stock Climb 13% in June?

The Motley Fool

Shares of Zscaler (NASDAQ: ZS) rose 13.1% last month, according to data provided by S&P Global Market Intelligence. The company posted an impressive quarterly earnings report to start the month. Then the stock continued to move higher, thanks to momentum among cybersecurity stocks driven by additional promising data from members of the company's peer group.

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