Mon.Jun 10, 2024

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40 States That Don't Tax Social Security Benefits

The Motley Fool

Social Security plays a major role in millions of Americans' financial lives. For some, it's virtually all their retirement income; for others, it's a sizable piece of their retirement income; and for still others, it's more of a nice-to-have benefit. Regardless of the role Social Security will play in your retirement finances, it's crucial to understand the tax implications around your benefits so you can plan accordingly.

Taxes 246
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Continuity Raises €10M in Series A Funding

FinSMEs

Continuity, a Paris, France-based provider of an AI-powered risk detection platform for professional and commercial insurers, raised €10M in Series A funding. The round was led by 115K with participation from Elaia and Bpifrance. The company intends to use the funds to expand operations and its development efforts. Led by Benoît Pastorelli, CEO, Continuity provides […] The post Continuity Raises €10M in Series A Funding appeared first on FinSMEs.

Funds 119
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3 Staples of Boomer Money Advice You Can Safely Ignore

The Motley Fool

Image source: The Motley Fool/Upsplash I have a great deal of love and respect for the baby boomers in my life -- which includes my parents. Over the years, they've imparted a lot of solid wisdom and advice, and I'm grateful for it. I have never regretted arriving early for a job interview, for example. (Thanks, Mom!) But times have changed, and the world they grew up in is long gone.

Education 246
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OnSecurity Technology Raises £5.5M in Seed Funding

FinSMEs

OnSecurity Technology, a Bristol, UK-based cybersecurity company that specialises in Penetration Testing, raised £5.5M in Seed funding. Gresham House Ventures made the investment. The company intends to use the funds to support its plans for rapid growth and innovation, as well as R&D. Led by Conor O’Neill, CEO, OnSecurity is a penetration testing vendor dedicated […] The post OnSecurity Technology Raises £5.5M in Seed Funding appeared first on FinSMEs.

Funds 115
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Nvidia: The Best Is Yet to Come

The Motley Fool

Over the past 10 years, Nvidia (NASDAQ: NVDA) , the superchip manufacturer, has delivered remarkable returns, significantly outperforming the S&P 500 index. A mere $1,000 invested in Nvidia during this period has ballooned into a mountain of cash exceeding $255,000. In contrast, an equivalent investment in a broad-market exchange-traded fund (ETF), such as the Vanguard S&P 500 ETF , would be worth a far more modest sum of around $3,300 today.

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FirmPilot Closes $7M Series A Funding Round

FinSMEs

FirmPilot, a Miami, FL-based AI marketing engine for law firms, raised $7M in Series A funding. The round was led by Blumberg Capital and DoubleVerify, with participation from Valor Ventures, SaaS Ventures, FJ Labs, and Connexa Capital. The company intends to use the funds to expand operations and its development efforts. Led by CEO and […] The post FirmPilot Closes $7M Series A Funding Round appeared first on FinSMEs.

Law Firms 115

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Private equity groups poised to own one in three top US accounting firms

Financial Times M&A

A wave of talks with financial bidders comes as regulators voice concern about audit quality and ‘tone’

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What All Retirees Need to Know About Social Security in 2024

The Motley Fool

Whether you are a brand-new retiree in 2024 or have been out of the workforce for a while, there are a few key things that you should know about Social Security this year. Here are four crucial facts to know about your benefits so you don't end up with less money than you expected -- or less than you need. Image source: Getty Images. 1. The average Social Security benefit is just $1,907 The first thing to be aware of is that the average Social Security benefit as of January 2024 was just $1,907

Finance 246
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Relay Closes $35M Series B Funding

FinSMEs

Relay, a Raleigh, NC-based provider of a cloud-based communications platform for frontline teams, raised $35M in Series B funding. The round was led by G2 Venture Partners, with participation from existing investors including Wind River Ventures and Sovereign’s Capital. The company intends to use the funds to accelerate its expansion into new markets and accelerate […] The post Relay Closes $35M Series B Funding appeared first on FinSMEs.

Funds 111
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25 Reasons to Buy Nvidia Stock Now

The Motley Fool

Nvidia (NASDAQ: NVDA) stock has been a superb performer over the short and long terms. The artificial intelligence (AI) chip leader held its initial public offering (IPO) in January 1999, six years after the company was founded. In honor of Nvidia stock turning 25 years old earlier this year, below are 25 reasons -- in no particular order -- to buy it.

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Nexus Closes $25M Series A Funding Round

FinSMEs

Nexus, a San Francisco, CA-based zero-knowledge cryptography company, raised $25M in Series A funding. The round, which brought the total amount to $27.2M, was co-led by Lightspeed Venture Partners and Pantera Capital, with participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund. The company intends to use the funds to accelerate its go-to-market efforts […] The post Nexus Closes $25M Series A Funding Round appeared first on FinSMEs.

Funds 111
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Nio Stock Could Still Double, According to 1 Wall Street Analyst

The Motley Fool

Good news for (new) Nio (NYSE: NIO) stock investors! Yesterday, Nio announced its first-quarter 2024 earnings results, and Nio stock promptly sold off. Shares of the Chinese automaker are down more than 8% since earnings came out. That means that -- as long as you think Nio stock is a buy -- the stock is now selling at a discount. And according to Citigroup analyst Jeff Chung, this is exactly how you should be looking at this news.

Returns 246
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Talk Your Book: Utilizing Dividends for Income

A Wealth of Common Sense

Today’s Talk Your Book is sponsored by Franklin Templeton On today’s show, we spoke with Chris Floyd, VP and Portfolio Manager for Franklin Templeton Investment Solutions to discuss the Franklin US Low Volatility High Dividend Index ETF On today’s show, we discuss: How rates affect dividend payers Fund-specific rules and objectives Looking at REITs as an income driver Why blue-chip companies continue t.

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Who Owns the Most JPMorgan Chase Stock Besides Jamie Dimon?

The Motley Fool

JPMorgan Chase (NYSE: JPM) has been one of the best-performing bank stocks in recent memory. Over the past decade, shares have risen in value by 250%. Citigroup stock, by comparison, rose by just 27% over that time period. Many investors have gotten rich with JPMorgan stock and it's a popular holding. CEO Jamie Dimon owns 7,700,806 shares, according to the company's 2024 proxy statement, and they are currently worth a cool $1.5 billion.

Banks 246
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Takeover battle over Remington ammunition heats up after a new $2bn approach

Financial Times M&A

Vista Outdoor fields all-cash offer from US investment group raising prospect of a three-way bid battle

Bidding 105
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Is Shiba Inu a Millionaire Maker?

The Motley Fool

Shiba Inu (CRYPTO: SHIB) minted some millionaires after its launch on Aug. 1, 2020. The meme coin , which was created as a light-hearted parody of Dogecoin , started trading at just $0.000000000056 per token. Its price soared to an all-time high of $0.000086 on Oct. 27, 2021, but it now trades at about $0.000024. Therefore, a $100 investment on the first day would have blossomed to $153.9 million before shrinking back to about $42.9 million today.

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Bain to acquire edtech PowerSchool in $5.6bn deal

Private Equity Wire

Private multi-asset alternative investment firm Bain Capital is to acquire PowerSchool Holdings, a provider of cloud-based software for K-12 education, in a transaction valuing the business at $5.6bn. Under the terms of the agreement, PowerSchool stockholders will receive $22.80 per share in cash upon completion of the proposed deal. The per share purchase price represents a premium of 37% over PowerSchool’s unaffected share price of $16.64 as of 7 May 2024, the last trading day prior to media r

Education 105
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2 Artificial Intelligence (AI) Semiconductor Stocks That Could Join Nvidia in the $1 Trillion Club

The Motley Fool

Nvidia (NASDAQ: NVDA) has emerged as the dominant force in the AI data center chip industry. As big tech ramps up spending on new artificial intelligence (AI) models, Nvidia's cutting-edge graphics processing units (GPUs) have been critical to their needs for rapid computational power. Nvidia commands an estimated 80% of the AI chip market. As a result, its stock price has rocketed higher -- joining the $1 trillion club last summer when it touched $3 trillion in market value on June 5.

Returns 246
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Falfurrias Stays Sharp with Buy of Industrial Knife Maker

Private Equity Professional

Falfurrias Capital Partners has acquired EDGE Industrial Technologies, a producer of industrial machine knives, blades, and punches, from Blue Wolf Capital Partners which is maintaining a minority equity interest in the company. EDGE was formed by Blue Wolf in 2018 to consolidate its investments in Pearl Technologies and TGW. Pearl Technologies, a New York-based manufacturer of… This content is for members only.

Capital 100
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Is Nvidia Going to $5 Trillion After Its 10-for-1 Stock Split?

The Motley Fool

Nvidia (NASDAQ: NVDA) stock has sustained its stunning rally in 2024 as shares of the chipmaker have already surged an eye-popping 144% so far this year. And the good part is that the company has given investors multiple reasons to be bullish in recent days. The company announced terrific fiscal 2025 first-quarter results that put to rest any doubts about Nvidia's dominance in the artificial intelligence (AI) chip market.

Prospects 246
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Turnspire Buys Swanson Industries from AEA

Private Equity Professional

Turnspire Capital Partners has acquired Swanson Industries, a provider of hydraulic equipment used in mining and industrial applications, from AEA Investors. Swanson’s products include hydraulic cylinders, pumps and motors, valves and manifolds, hoses and fittings, and power units. Swanson also provides remanufacturing and repair services – chrome plating, friction welding, laser cladding, and machining –… This content is for members only.

Capital 100
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This Vanguard ETF Would Have Quadrupled Your Money Over the Last 10 Years -- and It's at an All-Time High

The Motley Fool

Investing in exchange-traded funds (ETFs) can be a fantastic way to generate wealth with less effort. An ETF is a basket of securities that tracks a particular index, and by investing in a single share of an ETF, you'll instantly own a stake in all of the stocks within that index. Because each ETF can contain dozens or hundreds of stocks, they can make it easier to build a diversified portfolio.

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Acon is the New Fitted Cap King

Private Equity Professional

New Era Cap, a portfolio company of ACON Investments, has acquired ’47 Brand, a privately held sports lifestyle brand. 47 Brand is well-known for its caps and hats, which feature team logos from major sports leagues and collegiate teams. The company also sells apparel, T-shirts, hoodies, sweatshirts, jackets, and pants, and accessories including scarves, gloves,… This content is for members only.

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3 Artificial Intelligence (AI) Stocks Warren Buffett "Secretly" Owns

The Motley Fool

For the last six decades, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been dazzling Wall Street with his investing prowess. Whereas the benchmark S&P 500 has delivered a respectable gain, including dividends, of a little over 35,000% since Buffett took over as CEO, the affably named "Oracle of Omaha" has overseen an aggregate return in his company's Class A shares (BRK.A) of almost 5,000,000%!

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“A little dab’ll do ya”: Yellow Wood Carves Elida Beauty from Unilever

Private Equity Professional

Yellow Wood Partners has carved out the Elida Beauty brands portfolio from publicly traded Unilever. Elida Beauty was formed by Unilever in 2021 as part of a reorganization of its beauty and personal care portfolio. The unit was created to house a collection of heritage brands that required a different strategic approach compared to Unilever’s… This content is for members only.

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Billionaire Stan Druckenmiller Has 20% of His Portfolio Invested in 2 Brilliant Stocks

The Motley Fool

Stan Druckenmiller ran the very successful hedge fund Duquesne Capital Management between 1981 and 2010. He never had a single losing year, and his hedge fund returned an average of 30% annually to clients, easily outperforming the S&P 500 (SNPINDEX: ^GSPC). Today, Druckenmiller manages his personal wealth through Duquesne Family Office, and he remains an excellent case study for investors.

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Faegre Drinker appoints funds partner in London

Private Equity Wire

Faegre Drinker has appointed Michelle Moran as a partner in the law firm’s investment management group in London. Her practice covers all aspects of fund management, including UCITS, hedge funds, private funds and credit funds. Moran previously led the London asset management and investment funds practice at an international law firm. Moran is an advisor to European and American clients on establishing, authorising, managing and distributing retail and institutional investment funds in the

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Nvidia Just Completed a 10-for-1 Stock Split. Here's What to Look for Next.

The Motley Fool

Nvidia (NASDAQ: NVDA) shares soon will trade at about a 10 th of last week's price -- and for good reason. The company just completed a 10-for-1 stock split, and that's why as of the opening of today's trading session, you can get in on Nvidia stock with a little more than $100 instead of more than $1,000. Stock splits, by offering more shares to current holders, lower the price of each individual share, making it easier for a broader range of investors to buy a particular stock.

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Thoma Bravo eyes private debt for $3.5bn ConnectWise financing

Private Equity Wire

Thoma Bravo is reaching out to private credit lenders as it looks to secure approximately $3.5bn in new financing for its automated professional services provider, ConnectWise, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as confirming that the financing will be used to refinance existing debt and fund an acquisition.

Finance 98
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Here's Why Stocks Such as CrowdStrike and KKR Jumped Today, Whereas Stocks Such as Illumina Dropped

The Motley Fool

Shares of cybersecurity specialist CrowdStrike (NASDAQ: CRWD) are hitting all-time highs today after news broke that the company will be added to the S&P 500 on June 24. And CrowdStrike won't be the only company to enjoy the recognition: Investment firm KKR (NYSE: KKR) and website company GoDaddy will also be added to the S&P 500 that day. The S&P 500 is an index of roughly 500 of the biggest, most profitable U.S. companies.

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Harlan Capital Partners raises $130m for fifth fund

Private Equity Wire

Harlan Capital Partners, a specialist in opportunistic private credit investments, has held the final close of Private Credit Harlan Special Opportunities Fund V and its associated vehicles, with approximately $130m in capital commitments. According to a press statement, the new fund surpasses its predecessor, HSOF IV, which raised approximately $115m.

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Is Now a Golden Opportunity to Buy ASML Stock, With Revenue Set to Jump?

The Motley Fool

Semiconductor equipment manufacturing is a notoriously lumpy business. The companies in this line of business, such as ASML (NASDAQ: ASML) , make the intricate (and expensive) machinery that creates various semiconductor chips, such as Nvidia's graphic processing units (GPUs). The demand for their services varies from year to year, making investing a bit of a cyclical guessing game.

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HIG Growth Partners sells CarltonOne to GSAM

Private Equity Wire

HIG Growth Partners, the dedicated growth capital investment affiliate of HIG Capital, has sold portfolio company CarltonOne Engagement, a SaaS engagement and e-commerce platform, to Goldman Sachs Asset Management. Headquartered in Markham, Ontario, CarltonOne creates B2B employee recognition, customer loyalty, rewards and sales/channel incentive programmes.

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1 Ridiculously Cheap Growth Stock Down 73% You'll Regret Not Buying on the Dip

The Motley Fool

Fool.com contributor Parkev Tatevosian reveals one relatively cheap growth stock to consider adding to your portfolio. *Stock prices used were the afternoon prices of June 7, 2024. The video was published on June 9, 2024. Should you invest $1,000 in JD.com right now? Before you buy stock in JD.com, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and JD.com wasn’t one of them.