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Even if you're just a casual investor, there's a good chance you're familiar with Michael Burry. He's the contrarian hedge fund manager made famous by The Big Short , the Michael Lewis book-turned-movie that chronicled the investors who saw the 2008 collapse of the financial system early and bet accordingly. Burry's Scion Capital Management made $725 million for his investors by betting against mortgage-backed securities back then, and he pocketed $100 million for himself.
Earlier this week I wrote about how America is the envy of the world.1 There was plenty of pushback. Many Europeans pointed out we have plenty of other problems plus a far worse safety net than they do. Fair enough. There were also a lot of comments on inequality, even though I addressed that in the piece. It is worth noting research shows 40% of the rise in income inequality has been undone since 2020.
Earnings season for the quarter that ended in September is now underway, and it's off to a strong start. According to Forbes, 79% of the S&P 500 (SNPINDEX: ^GSPC) companies that have reported so far have beaten expectations. Tech companies Duolingo (NASDAQ: DUOL) and Bill.com (NYSE: BILL) are scheduled to report their latest results on Nov. 6 and Nov. 7, respectively, and they each have a track record of consistently beating their own forecasts.
This week, we speak with Toto Wolff , Team Principal & CEO of the Mercedes-AMG PETRONAS F1 Team. Prior to joining Mercedes, Toto spent time in the investment world, founding his own company Marchfifteen in 1998 and Marchsixteen in 2004. In 2009 Toto combined his passion for racing and business by investing in the Williams F1 Team. He eventually came to be the team’s Executive Director, helping to lead them toward their first win at the Spanish Grand Prix in eight years.
Image source: Getty Images I have rarely, if ever, flown by the seat of my pants. I'm a planner by nature. I make lists, I weigh options, I do research. While this doesn't exactly make me the life of the party, it does lead to significant savings when I shop, whether it's finding a flight deal, like-new secondhand clothing, or major grocery savings.
A change in CEO can have a significant impact on a company's growth strategy and a stock's overall trajectory. And that's what Starbucks (NASDAQ: SBUX) is hoping for, after luring away Brian Niccol from Chipotle Mexican Grill (NYSE: CMG) earlier this year. The company made great efforts to do so and is paying the executive a significant compensation package to help the coffee chain get back to generating strong growth numbers.
KKR & Co reported robust third-quarter earnings on Thursday, driven by record transaction fees in its capital markets division, surpassing Wall Street expectations, with net income increasing by 57% to $1.24 billion, or $1.38 per hare ahead of analyst forecasts $1.20, according to a report by Bloomberg. KKR’s stock rose by 2.5% to $142 in pre-market trading on the news.
KKR & Co reported robust third-quarter earnings on Thursday, driven by record transaction fees in its capital markets division, surpassing Wall Street expectations, with net income increasing by 57% to $1.24 billion, or $1.38 per hare ahead of analyst forecasts $1.20, according to a report by Bloomberg. KKR’s stock rose by 2.5% to $142 in pre-market trading on the news.
Ken Griffin has proven his ability to choose stock market winners. The billionaire founded Citadel back in 1990, and Citadel since has become the most profitable hedge fund manager ever. Today, the $64 billion fund invests in a variety of stocks, including some of the technology giants that have led the S&P 500 to record levels this year. Considering Griffin's stock picking successes, it's no surprise that investors watch his every move in search of new and potentially profitable investment
For today's workers, retirement may look much different from that of previous generations. Fifty-six percent of baby boomers expect to continue working past age 70 or never retire at all, according to a 2024 report from the Transamerica Center for Retirement Studies, and 82% of that group is doing so for financial reasons. Image source: Getty Images.
Hypha Private Equity has revealed it has made the first close and launch of its UK and Ireland lower mid-market fund on £73m. According to Insider Media, the Hypha team will financially back technology, healthcare and advanced manufacturing SMEs. The plan for the company will be to make investments ranging between £3m and £15m into […] The post Hypha announces first close of its maiden UK fund appeared first on AltAssets Private Equity News.
Nvidia (NASDAQ: NVDA) has been in scintillating form on the stock market in 2024, reaching gains of nearly 180% as of this writing. This is due to the robust growth that the company has been clocking in recent quarters on account of the strong demand for its graphics cards deployed in artificial intelligence (AI) servers. The stock's median 12-month price target of $150 -- as per 64 analysts who cover Nvidia -- indicates that there isn't much upside on offer as it points toward gains of just 9%
Brookfield Asset Management is set to up its target to $17bn for its second giant transition infrastructure fund, according to pension fund documents seen by New Private Markets. The fund, known as the Brookfield Global Transition Fund II, will look to exceed the $15bn raised in the company’s initial Global Transition Fund which closed in […] The post Brookfield raises its target to $17bn for second transition fund appeared first on AltAssets Private Equity News.
Image source: Author Ride-hailing and food delivery apps make life easier. But the cost of using these services can add up fast. If you're an Uber or Uber Eats customer, you may not realize how much you spend each year for added convenience. But I have good news: You can get a discount on Uber rides and Uber Eats orders -- without being an Uber One subscriber.
An investment consortium led by US private equity firm TPG has made a $340m investment in Europe second-hand fashion marketplace specialist Vinted through a secondary share acquisition, giving the company a valuation of $5bn. According to a press statement, the share sale, which brings a host of new investors on board, “marks a key moment for Vinted, and reflects the company’s profitable growth and its position as a leader in Europe’s booming second-hand market.” TPG’s Tech Adj
Fans of Walt Disney 's (NYSE: DIS) domestic theme parks know that there are more tricks than treats for their pocketbooks when October rolls around. California's Disneyland raised admission prices two weeks ago. This week it was time for Disney World in Florida to follow suit. Disney's largest resort increased prices for its annual passes on Wednesday.
The UK Treasury could potentially raise up to £1bn in additional revenue by taxing private equity profits as income, according to a report not the Financial Times citing a new study by the Centre for the Analysis of Taxation. The research suggests that increasing the carried interest tax rate to 45% would only reduce the take-home pay of the top 100 private equity executives by 16%, challenging the notion that a tax hike would drive investors out of the UK.
Cryptocurrencies are having a bullish week. The price of many crypto assets recently set all time highs, and experts believe even more upside could be on the way. Whether you're an experienced crypto investor or just starting out, here are two billionaire-backed cryptocurrencies worth digging into this week. This classic cryptocurrency could still have 5,300% in upside left When it comes to cryptocurrencies, nothing has ever been able to topple Bitcoin (CRYPTO: BTC).
Sweden’s EQT AB, in partnership with Neuberger Berman Private Markets and the Canada Pension Plan Investment Board (CPPIB), are to acquire global schools operator Nord Anglia Education in a deal worth $14.5bn, including debt, according to a report by Reuters. The consortium will take a majority stake in the organisation, which operates over 80 international schools across 33 countries, serving more than 85,000 students.
Buying high-yielding dividend stocks can be scary, even when it's not Halloween. You can be tricked into thinking that a high payout is safe, only to watch management cut it later on. And when those reductions come, not only will your dividend income diminish, but the market will likely bid down the stock price too. But there are some great dividend stocks to buy right now that not only have high yields but are also considered safe and can make for excellent investments for years to come.
Igneo Infrastructure Partners has officially wound down its inaugural European Infrastructure Fund at a value of €2bn. According to Infrastructure Investor, the Fund was a 2009 vintage vehicle that had a net IRR target of 10%. The firm divested 10 assets across a plethora of sub-sectors such as transportation, energy, water and power utilities. In […] The post Igneo concludes vintage EDIF I fund on €2bn appeared first on AltAssets Private Equity News.
Image source: Getty Images When the Federal Reserve opted to make its first interest rate cut in September, economists weren't surprised. The Fed was expected to lower interest rates in response to cooling inflation. The only aspect of that meeting that was a bit surprising was the fact that the Fed lowered its benchmark interest rate by half a percentage point, as opposed to a quarter of a point.
Global private equity firm Levine Leichtman Capital Partners (LLCP) is to invest in Schülerhilfe, an operator and franchisor of site-based and online tutoring in the DACH region in partnership with company CEO, Dieter Werkhausen, and the existing management team. Terms of the transaction, which will see Oakley Capital, Schülerhilfe’s previous financial sponsor since 2017, exit its investment, have not been disclosed.
One of the biggest secular tailwinds of the past several years has been that of artificial intelligence (AI). Lest there be any question, a quick scan of the top-ranking companies by market cap helps to dispel any remaining doubts. In fact, nearly all the companies in the $1 trillion club have one thing in common -- they are each developing, deploying, or manufacturing products on the cutting edge of AI.
LGT Wealth Management has appointed Phoebe Stone as chief sustainability officer (UK), underscoring the firm’s dedication to sustainable practices for clients, society, and the environment. In her new role, Stone will enhance LGT Wealth Management’s sustainable offerings across private and public investments, while promoting environmentally conscious practices throughout the firm’s operations and divisions.
Once you retire, you may find that a number of your expenses start to decline. You might spend less on transportation in the absence of a daily commute. And you might spend less on housing if your home gets paid off before retirement begins. But if there's one expense that's likely to increase in retirement, it's healthcare. Not only does aging tend to bring about health issues, but you may find that your out-of-pocket costs as a Medicare enrollee are higher than you ever anticipated.
International financial services provider Investec Bank’s (Investec) Alternative Investment Management business (IAIM) has entered a strategic partnership with award-winning sustainability services provider Holtara, part of the Apex Group. According to a press statement, the partnership will seek to accelerate Investec’s sustainability progress, with a particular focus on enhancing data capture and evaluation.
Electric truck maker Nikola (NASDAQ: NKLA) continues to work to grow its business, and it announced some new progress this week. That led to a jump in the stock price. As of early Friday morning, Nikola shares were 10.5% above last Friday's closing price, according to data provided by S&P Global Market Intelligence. However, that bump higher still didn't do much to offset the huge decline the stock has had this year.
Global private investment giant KKR has agreed to pay €2.64bn to acquire a 25% stake in Enilive, Eni’s mobility transformation company, comprising a payment of €2.44bn for the shares, plus a €500m capital increase to Eni prior to the completion of the deal. According to a press statement, the deal, which gives Enilive a valuation of €11.75bn, “brings together Eni’s proven ability to develop high-growth energy businesses and KKR’s expertise as a long-term investor with a strong track
Many of my friends like to ask me what my favorite stocks are. Ideally, my portfolio should contain a healthy mix of growth stocks and dividend stocks. This is because I want to structure the portfolio in a way that gives me passive income while helping me to compound my wealth over the long term. Call it the best of both worlds if you will, but I believe that having such a mix helps me to achieve diversification while also providing sufficient exposure to both growth and income stocks.
Vyntelligence, a London, UK-based provider of mobile video and AI-first solutions for field workflows and customer experiences, raised growth funding from Octopus Ventures. The amount of the deal was not disclosed. The company intends to use the funds for growth in the UK, Europe and the USA. Led by CEO Kapil Singhal, Vyntelligence enables users […] The post Vyntelligence Raises Growth Funding from Octopus Ventures appeared first on FinSMEs.
Image source: Getty Images Ever since the Federal Reserve lowered its benchmark interest rate in September, CD rates have been falling. CDs have paid so well these past couple of years because the Fed spent much of 2022 and 2023 raising its benchmark interest rate to fight inflation. Now that inflation has cooled, the Fed is ready to reverse those rate hikes.
Osigu, a Miami, FL-based provider of an AI-powered healthcare revenue cycle and claims management platform, raised US$25M in Series B funding. The round was led by IDC Ventures, with Visa participating as a strategic investor. The company intends to use the funds to payment solutions designed to support real-time payments, reducing the financial stress on […] The post Osigu Holds First Close of US$25M Series B Funding appeared first on FinSMEs.
Dividend stocks can be valuable investments for retirees who want a consistent stream of income flowing into their portfolio on a regular basis. And stocks that increase their payouts can be especially valuable, as the rising dividend income can help them offset the effects of inflation. In addition, stocks that don't have a high degree of volatility can also minimize the overall risk for retirees and other risk-averse investors.
Pharos, a San Francisco, CA – based hospital quality reporting platform, closed a $5M seed funding round. The round was led by Felicis with participation from General Catalyst, Moxxie and Y Combinator. The company intends to use the funds to grow its engineering team, allowing customers to report to new clinical quality registries and measure […] The post Pharos Raises $5M in Seed Funding appeared first on FinSMEs.
Trefis analysts think Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) could be a $500 stock by 2030. That forecast comes from an opinion piece published in Forbes in October, and it implies a little over 200% upside from the current share price of $162. Should it prove accurate, shareholders would see annual returns of approximately 20% over the next six-plus years.
Mave, a Toronto, Canada-based AI assistant for real estate, raised CAD$2m in pre-seed funding. The round was led by Relay Ventures and N49P with participation from Alate Partners, Clarim Ventures, and Gambit Partners, along with several angel and strategic investors including a past-president of the Toronto Real Estate Board. The company intends to use the funds to expand operations and its business […] The post Mave Raises $2M in Pre-Seed Funding appeared first on FinSMEs.
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