The Motley Fool
OCTOBER 25, 2024
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 Wealth of Common Sense
OCTOBER 25, 2024
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.
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The Motley Fool
OCTOBER 25, 2024
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.
The Big Picture
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
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%
AltAssets
OCTOBER 25, 2024
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.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Wire
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
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).
Private Equity Wire
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
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.
AltAssets
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
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.
Private Equity Wire
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
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.
Private Equity Wire
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
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.
Financial Times M&A
OCTOBER 25, 2024
US firm faced government reluctance over private equity involvement in German naval vessel maker
The Motley Fool
OCTOBER 25, 2024
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.
AltAssets
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
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.
AltAssets
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
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.
FinSMEs
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
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.
FinSMEs
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
Everybody knows that Nvidia (NASDAQ: NVDA) dominates the artificial intelligence (AI) processor market. AI software experts need extremely powerful number-crunching chips, and Nvidia's AI accelerators are the cream of the crop. But Nvidia's share prices have skyrocketed 1,060% in two years and the stock trades at a nosebleed-inducing 37 times trailing sales.
FinSMEs
OCTOBER 25, 2024
Agomab Therapeutics, an Antwerp, Belgium-based biotech company developing novel treatments that aim to preserve and restore organ function in fibrotic diseases, raised $89M in Series D funding. Backers included Sanofi and Invus. Led by CEO Tim Knotnerus, Agomab is focused on achieving disease modification by modulating fibrosis and regeneration in chronic indications such as fibrostenosing […] The post Agomab Raises $89M in Series D Financing appeared first on FinSMEs.
The Motley Fool
OCTOBER 25, 2024
2024 is turning out to be a solid year for the global semiconductor industry, driven by multiple catalysts. These include the booming demand for chips that can manage artificial intelligence (AI) workloads, a turnaround in the smartphone market's fortunes, and a recovery in the personal computer (PC) market. These factors explain why the global semiconductor industry's revenue is expected to jump 16% in 2024 to $611.2 billion, according to World Semiconductor Trade Statistics (WSTS).
FinSMEs
OCTOBER 25, 2024
Yoga Joint, a Boca Raton, FL-based chain of hot yoga and fitness studios, raised $12M in funding for its Joint Venture program. Backers were not disclosed. The company intends to use the funds to continue its expansion, opening locations in Coral Springs, Coral Gables, Winter Park, Palm Beach Gardens, Delray Beach, and Doral. Negotiations are underway to open additional studios in Kendall, Miami Lakes, […] The post Yoga Joint Raises $12M in Funding appeared first on FinSMEs.
The Motley Fool
OCTOBER 25, 2024
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.
FinSMEs
OCTOBER 25, 2024
DailyPay, a NYC-based worktech company and provider of earned wage access solutions, received additional $100M in Credit Commitment from Citi. DailyPay’s total revolving secured debt facility commitment now stands at $760M, which includes $500M from Barclays, $200M from Citi, and $60M from TPG Angelo Gordon. The secured credit facility will provide its access to funding to service its roster of clients.
The Motley Fool
OCTOBER 25, 2024
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.
FinSMEs
OCTOBER 25, 2024
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.
The Motley Fool
OCTOBER 25, 2024
On Wall Street, few money managers command the attention of professional and everyday investors quite like Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. Since becoming Berkshire's chief in the mid-1960s, the Oracle of Omaha has practically doubled up the broad-based S&P 500 on the basis of total annual return, including dividends.
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