Mon.Apr 29, 2024

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The No. 1 Way for Average Americans to Become Millionaires

The Motley Fool

Image source: The Motley Fool/Upsplash Being a millionaire has been synonymous with being rich for decades. It doesn't quite mean what it used to, thanks to inflation. But it's still an ambitious financial goal, and one that may seem out of reach if you don't earn a higher salary. But a net worth of $1 million is more realistic than many people realize.

Taxes 246
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Log10 Raises $7.2M in Seed Funding

FinSMEs

Log10, a San Francisco, CA-based provider of a platform to build LLM-powered applications, raised $7.2M in Seed funding. The round was led by TQ Ventures and Quiet Capital with participation from Essence Venture Capital. The company intends to use the funds to accelerate new product introduction, and increase R&D spend and scale operations. Founded by […] The post Log10 Raises $7.2M in Seed Funding appeared first on FinSMEs.

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This Warren Buffett Quote Perfectly Explains Why Intel Stock Is Best Avoided

The Motley Fool

Intel (NASDAQ: INTC) shareholders are licking their wounds once again after the chip titan's latest earnings report. It's a familiar position for Intel investors. The company has repeatedly disappointed the market, making big promises about revamping its business only to come up short when it's time to open the books. This time around, Intel beat estimates in the first quarter with a modest increase in revenue, but its second-quarter forecast was worse than expected as it called for flat revenue

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Thintronics Closes $23M Series A Financing Round

FinSMEs

Thintronics, a Berkeley, CA-based electronic materials startup, raised $23M in Series A funding. The round was led by Maverick Capital and Translink Capital. The company intends to use the funds to support commercialization of a novel insulator platform. Led by CEO Stefan Pastine, and CTO Tristan El Bouayadi, Thintronics supplies high-performance insulators for emerging AI datacenter, networking, and […] The post Thintronics Closes $23M Series A Financing Round appeared first on FinSMEs.

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1 Wall Street Analyst Thinks Microsoft Stock Is Going to $500. Is It a Buy Around $400?

The Motley Fool

Microsoft (NASDAQ: MSFT) delivered another impressive earnings report on April 25. Revenue and earnings per share (EPS) respectively grew 17% and 20% year over year for the fiscal 2024 third quarter (ended March 31), and the analyst at Wells Fargo sees more gains in store. Analyst Michael Turrin raised the price target on Microsoft from $480 to $500 and maintained an overweight (buy) rating on the shares.

Returns 246
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Blaize Raises $106M in Funding

FinSMEs

Blaize, an El Dorado Hills, CA-based AI computing developer providing edge computing solutions, raised $106M in funding. The round was led by Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech LP LLC. The company intends to use the funds to consolidate its position in the […] The post Blaize Raises $106M in Funding appeared first on FinSMEs.

Funds 115

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Yoneda Labs Raises $4M in Seed Funding

FinSMEs

Yoneda Labs, a San Francisco, CA-based AI powered drug discovery startup, raised $4M in Seed funding. Backers included Khosla Ventures, 500 Emerging Europe, 468 Capital, Fellows Fund, and Y Combinator. The company intends to use the funds to expand its development efforts. Founded by Michal Mgeladze-Arciuch, Jan Oboril, and Daniel Vlasits, Yoneda Labs is building […] The post Yoneda Labs Raises $4M in Seed Funding appeared first on FinSMEs.

Funds 115
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1 Top Cryptocurrency to Buy Before It Hits a $1 Trillion Valuation, According to Cathie Wood

The Motley Fool

When it comes to making forecasts about the future direction of the crypto market, there's arguably no one with a higher profile than Cathie Wood of Ark Invest. In 2022, she famously made a $1 million price forecast for Bitcoin (CRYPTO: BTC). And she hasn't shied away from making some truly mind-blowing forecasts for other, lesser-known cryptocurrencies as well.

Assets 246
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Hinkal Closes $1.4M Funding Round

FinSMEs

Hinkal, a San Francisco, CA-based multi-chain privacy layer for confidential decentralized finance (DeFi) transactions, raised $1.4M in funding. The round was led by SALT Fund, with participation from Draper Associates, SNZ and Peer VC. The company intends to use the funds to bring liquid funds, VCs, family offices and founders of projects to its confidential infrastructure. […] The post Hinkal Closes $1.4M Funding Round appeared first on FinSMEs.

Funds 113
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3 Lesser-Known Pitfalls of Required Minimum Distributions

The Motley Fool

There's a benefit to saving for retirement in a traditional IRA or 401(k) plan. The money you contribute, up to the allowable limits set by the IRS, can serve the very important purpose of exempting some of your income from taxes, all the while giving you access to funds you can use later in life. But the problem with housing your nest egg in a traditional retirement plan is having to deal with required minimum distributions , or RMDs, down the line.

Taxes 246
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Data Security and Privacy in Online Entertainment

FinSMEs

The world of online entertainment has become an undeniable force. From streaming giants to social media platforms with gaming integrations, entertainment is seamlessly woven into our digital lives. But with this convenience comes a growing concern: data security and privacy. The vast amount of information collected by online entertainment platforms raises critical questions about how […] The post Data Security and Privacy in Online Entertainment appeared first on FinSMEs.

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1 Powerhouse Vanguard ETF That Could Turn $250 Per Month Into $2 Million

The Motley Fool

Why put a lot of work into trying to beat the market year after year when you can match the market's return with almost no effort? That's the core reasoning behind making exchange-traded funds (ETFs) a big part of your investing strategy. There are many ETFs that replicate the returns of large indexes like the S&P 500 , essentially allowing you to outperform most professional fund managers with just one simple investment.

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The ‘build or buy’ copper maths that could guide BHP’s bid for Anglo

Financial Times M&A

As building mines gets harder, the time needed to produce cash flows is daunting

Bidding 110
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Should You Buy the Dip in Intel Stock?

The Motley Fool

Fool.com contributor Parkev Tatevosian evaluates Intel (NASDAQ: INTC) stock and determines if it is an excellent investment. *Stock prices used were the afternoon prices of April 25, 2024. The video was published on April 27, 2024. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, 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 Intel wasn’t one of them.

Returns 246
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Backflip Raises $15M in Series A Funding

FinSMEs

Backflip, a Dallas, TX-based provider of a real estate and financial technology platform for real estate entrepreneurs, raised $15M in Series A funding. The round was led by FirstMark Capital. Previous investors Vertical Venture Partners, LiveOak Venture Partners, Revel Partners, ECMC, the real estate company Crow Holdings, and angels Greg Waldorf, Rob Barber, Gregg Freishtat, […] The post Backflip Raises $15M in Series A Funding appeared first on FinSMEs.

Funds 110
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The Typical Monthly Rent Is $1,988. Here's How Much It's Increased Since 2020

The Motley Fool

Image source: Getty Images Many Americans are opting to rent rather than buy a place to live right now, as house prices have soared over the past few years. The increased demand for rentals has merged with rising inflation, pushing rent prices higher. The result is that the typical monthly rent in the U.S. is now $1,988 -- an increase of more than 30% from early 2020.

Banks 246
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Who are Anglo American’s possible suitors?

Financial Times M&A

The UK-listed miner has rejected an approach from BHP, but other bidders could emerge

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MicroStrategy (MSTR) Q1 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. MicroStrategy (NASDAQ: MSTR) Q1 2024 Earnings Call Apr 29, 2024 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Shirish Jajodia Hello, everyone, and good afternoon. I am Shirish Jajodia, vice president of investor relations and treasury at MicroStrategy I'll be your moderator for MicroStrategy's 2024 first quarter earnings webinar.

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Klineo Raises €2M in Funding

FinSMEs

Klineo, a Paris, France-based digital health startup, raised €2m in funding. The round was by BPI France with participation from business angels. The company intends to use the funds to continue to expand operations, its development efforts to extend the solution to different types of cancer, and its business reach across Europe and US. Led […] The post Klineo Raises €2M in Funding appeared first on FinSMEs.

Funds 106
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The Unexpected Downside of Keeping Too Much Money in Your Checking Account

The Motley Fool

Image source: Getty Images Checking accounts are designed for managing money. Paying your bills, transferring money to savings and retirement accounts -- things like that. They're not the best place to keep money long term, but some people do it anyway. It could just end up happening if you don't know what to do with your money. And there are also those who see a large balance in their checking accounts as a form of financial security.

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AI demand fuels investor bet on North Carolina solar

Financial Times: Moral Money

Also in today’s newsletter, EU deforestation rules open new opportunities for data businesses

Investors 105
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Meta Platforms Stock: 3 Reasons to Sell, 3 Reasons to Buy

The Motley Fool

Meta Platforms ' (NASDAQ: META) stock dropped 11% on April 25 after the social media leader posted its first-quarter earnings report. Revenue rose 27% year over year to $36.46 billion and exceeded analysts' estimates by $232 million. Meanwhile, earnings soared 114% to $4.71 per share and also cleared the consensus forecast by $0.35. Meta's headline numbers looked healthy, but its softer-than-expected revenue guidance and elevated spending plans rattled the bulls.

Legal 246
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MISTAKE MONDAY for April 29: Can YOU spot what’s wrong?

Investment Writing

Can you spot what’s wrong in the image below? Please post your answer as a comment. This example has more than one mistake. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for April 29: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.

Investing 105
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Billionaire Investor Jim Simons Just Bought These 3 "Magnificent Seven" Stocks

The Motley Fool

A good way to spot trends in the stock market is to look at which companies asset management firms are investing in. While there are a lot of hedge funds out there, one of the more closely followed portfolios hails from Renaissance Technologies. Renaissance is led by Jim Simons, who is actually a mathematician by trade. A look at the fund's most recent filings shows one clear trend: Renaissance is investing heavily in the technology sector right now.

Investors 246
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Blackstone strikes $1.6bn deal for Hipgnosis as bidding war escalates

Financial Times M&A

Latest offer from US private equity group wins backing of UK-listed music rights owner

Bidding 105
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Social Security's 2025 COLA: Here's What We Know So Far

The Motley Fool

At this point, many consumers are beyond frustrated with what economists are calling sticky inflation. Workers and retirees alike have been grappling with higher living costs since 2021. And while we're not seeing the same runaway inflation now as we did in 2022, many people are still feeling the strain at the supermarket, drugstore, and pump. In 2023, seniors on Social Security got a massive 8.7% cost-of-living adjustment , or COLA, following a period of truly rampant inflation.

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Fantasy Metaverse Darklume – Presale is LIVE

FinSMEs

Casal Di Basso CS, Italy, April 29th, 2024, Chainwire Darklume VR, a trailblazer in the VR entertainment industry, proudly announces its launch of DarkLume VR, an amazing virtual world where the user can experience fun, entertainment, and fantasy elements like never before. The mission of DarkLume VR is to create a dynamic and immersive metaverse […] The post Fantasy Metaverse Darklume – Presale is LIVE appeared first on FinSMEs.

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Alphabet Stock Is Flying Higher After Its Q1 Results. Is It Too Late to Buy?

The Motley Fool

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) soared to new highs following its first-quarter earnings report. This is a continuation of the momentum the stock has seen over the past year, with its shares up over 60% during that stretch. Here's a look at why Alphabet shares were climbing following its Q1 earnings report and, more importantly, whether or not it's too late to buy the stock following its strong gains.

Bidding 246
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Talk Your Book: Hedging Your Portfolio with Options

A Wealth of Common Sense

Today’s Talk Your Book is sponsored by SpiderRock Advisors: On today’s show, we spoke with Eric Metz, President and Chief Investment Officer of SpiderRock Advisors to discuss option-overlay strategies for advisors and investors. On today’s show, we discuss: The pending BlackRock acquisition of SpiderRock The SpiderRock origin story Utilizing covered-call strategies in a bull market The most frequent us.

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Got $1,000? This ETF Could Turn It Into an $85 Annual Passive Income Stream.

The Motley Fool

Investing in exchange-traded funds (ETFs) can be a great way to generate truly passive income. They enable you to invest in a portfolio of income-generating assets you don't have to manage. Instead, you sit back and watch the passive income flow into your account. The JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI) offers a premium income stream.

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L’Occitane owner offers to take skincare group private at €6.5bn valuation

Financial Times M&A

Billionaire Reinold Geiger’s deal would result in the company delisting from the Hong Kong stock exchange

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Why Investors Had a Meltdown Over Virgin Galactic's Reverse Split News

The Motley Fool

On Friday, April 19, Virgin Galactic (NYSE: SPCE) told investors that it was planning to conduct a reverse split of its stock, potentially reducing every 20 shares of space stock they owned (or 15, 10, 5, or just 2) to just one single, solitary share. And Virgin Galactic investors did not like that news one bit. Over the next two days, Virgin Galactic stock plunged a total of 22.5% from its preannouncement price.

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Deutsche Bank shares slide on €1.3bn Postbank hit

Financial Times M&A

Germany’s largest lender hints at potential settlement over long-running court saga linked to 2010 takeover offer

Banks 102
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1 No-Brainer Vanguard Growth Fund to Buy in a Market Correction

The Motley Fool

2024 has been a testament to the resilience of stocks. Despite concerns about lingering inflation, soaring treasury yields, and the Federal Reserve's rate-cutting plans, the S&P 500 has gained a commendable 7.4% this year. However, this situation has created a cognitive dissonance of sorts. Namely, stocks have become expensive, on balance, relative to corporate earnings.

Funds 246