Sat.Aug 12, 2023 - Fri.Aug 18, 2023

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Costco Now Sells Girl Scout Thin Mints

The Motley Fool

Image source: Getty Images Calling all Girl Scout cookies fans! You can now pick up Girl Scout Thin Mints at Costco. That's right -- you don't have to wait until the upcoming cookie season to satisfy your chocolatey-mint cravings. Some shoppers have reported seeing Girl Scout Thin Mint Bites at Costco. While these tasty treats aren't the original full-sized cookies you know and love, they have a similar taste and are a bite-sized version.

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Vista’s Finastra secures record-breaking $5.3bn private loan

Private Equity Insights

Private lenders including Oak Hill Advisors, Blue Owl Capital, and HPS Investment Partners are providing a record-breaking $5.3bn loan package to Finastra Group Holdings Ltd, a fintech firm owned by Vista Equity Partners, according to a report by Bloomberg. The report cites data from KBRA DLD as revealing that the financing, which comprises a $4.8bn unitranche, a blend of senior and subordinated debt, and a $500m revolver facility, is the biggest private credit loan ever in the US.

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'Absolutely Unacceptable': Video Shows Los Angeles Malls Hit With Two Massive 'Flash Mob' Robberies, Estimated $400,000 Worth of Luxury Merchandise Stolen

Entrepreneur - VC

Video shows two separate "flash mob" robberies that hit malls in California in the past week. Thieves stole an estimated $400,000 combined worth of luxury designer goods.

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The Contract Network Raises $8M in Seed Funding

FinSMEs

The Contract Network, an Atlanta, GA-based provider of an AI-powered contract collaboration platform, raised $8M in Seed funding. The round was led by Tusk Venture Partners, with participation from Andrew Sieja (Founder of Relativity), The Legal Tech Fund, Mayo Clinic, Toba Capital, and GC&H Investments, an investment fund associated with Cooley LLP.

Legal 98
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Warren Buffett and Michael Burry Just Sent Wall Street a Grim Warning: The Stock Market May Be Headed Lower

The Motley Fool

Many stocks are up sharply this year as signs of economic resilience reinvigorated investors. The broad-based S&P 500 is up 15% year to date, and the tech-heavy Nasdaq Composite is up 29%. But Wall Street legends Warren Buffett and Michael Burry apparently see a reckoning for overvalued equities on the horizon, as both investors recently took steps to protect their portfolios from a stock market correction.

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Bain Capital buys Brazilian steakhouse chain Fogo de Chão in $1.1bn deal

Private Equity Insights

Private equity firm Bain Capital on Tuesday agreed to buy Fogo de Chão, in a deal people familiar with the matter said valued the Brazilian steakhouse chain at about $1.1bn, including debt. The deal marks a win for private equity firm Rhone Capital, which took Fogo de Chão private for $560m in 2018. Rhône made more than three times the money it invested in the restaurant operator, the sources said, requesting anonymity as the matter is confidential.

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A Checklist for a Successful Cookout

Integrity Financial Planning

Organizing a successful cookout can be a fun but challenging task. Here’s some great advice to ensure your event runs smoothly and is a hit with your guests. Preparation is Key Firstly, make sure you put in the effort to prepare. Decide on the menu ahead of time and ensure you have all the necessary ingredients. Choose simple yet delicious recipes that can cater to various dietary preferences.

Finance 98
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Billionaire David Tepper Boosts His Stake in Nvidia by 580%. Is Buying the High-Flying AI Stock a Smart Move?

The Motley Fool

David Tepper isn't as widely known as Warren Buffett. But like Buffett, he ranks as one of the top investors on the planet today. Tepper runs the global hedge fund Appaloosa Management. He also owns the Carolina Panthers NFL franchise and Major League Soccer's Charlotte Football Club. His net worth stands at $18.5 billion, according to Forbes. Many retail investors closely follow the stocks that Buffett buys.

Stakes 246
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Highlight Raises $18M in Series A Funding

FinSMEs

Highlight, a NYC-based in-home product testing platform provider, raised $18m in Series A funding. The round, which brought the total funding raised to date to over $30m, was led by Acre Venture Partners and HearstLab with participation from Ingeborg Investments and GS Futures, as well as a Jag Bath and Ryan Nece. The company intends […] The post Highlight Raises $18M in Series A Funding appeared first on FinSMEs.

Funds 98
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American Airlines Sues Website for 'Bait-and-Switch' Tactic to Sell Cheaper Airfares

Entrepreneur - VC

American Airlines is suing Skiplagged.com, a website that helps customers find cheaper fares by encouraging them to find connecting flights that allow them to use the connecting city as their final destination.

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Businessweek: Five Ways the Fed’s Deflation Playbook Could Be Improved

The Big Picture

I have a new column out in Businessweek , just in time for the Federal Reserve meeting in Jackson Hole. It is a congratulatory open letter to Federal Reserve Chairman Jerome Powell and the rest of the Fed on beating inflation: Dear Jay, Mazel tov! You beat inflation and avoided a recession. Revel in the sweet taste of victory as you fly-fish with other central bankers at the annual symposium in Jackson Hole, Wyoming.

Banks 98
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Gas Prices Just Reached A 10-Month High. Here Are 3 Ways to Save at the Pump

The Motley Fool

Image source: Getty Images Summer is commonly a popular time to travel , and you might have plans to hit the road this Labor Day weekend. But given the cost of gas right now and the potential for further hikes over the next couple of weeks, your holiday weekend road trip might prove to be a budget-buster. On a national level, the average price for a gallon of regular gasoline reached $3.85 a gallon on Aug. 14, according to AAA.

Debt 246
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Caden Raises $15M in Series A Funding

FinSMEs

Caden, a New York-based data intelligence company, raised $15M in Series A funding. The round was led by Nava Ventures, with participation from Jerry Yang’s AME Cloud Ventures, Streamlined Ventures, Montage Ventures, Industry Ventures, 1707 Capital, AAF Management, and others. The company intends to use the funds to accelerate product development, enhance market activation, and […] The post Caden Raises $15M in Series A Funding appeared first on FinSMEs.

Funds 98
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4 Personal Branding Lessons Leaders Can Learn From Taylor Swift

Entrepreneur - VC

Amid the frenzy of Taylor Swift's record-breaking Eras tour, the author embarks on a quest to secure highly coveted tickets for her daughter. Through the emotion-charged experience, she distills key insights into the world of personal branding, drawing lessons from Swift's authenticity, adaptability, engagement, and social advocacy that are invaluable for shaping a strong leadership brand.

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Why transparency is a strategic initiative for Norway’s SWF

Top 1000 Funds

Norway’s giant sovereign wealth fund took out the top spot in this year’s Global Pension Transparency Benchmark. Amanda White talks to CEO of Norges Bank Investment Management, Nicolai Tangen, about why transparency is important and why under his leadership Norges aims to be the best fund in the world.

Banks 98
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Here's Where to Invest $1,000 Right Now

The Motley Fool

As Bitcoin (CRYPTO: BTC) keeps bumping frustratingly into the $30,000 mark and down again, some cryptocurrency fans might lose patience and bail. That's a shame, as the HODL (Hold On for Dear Life) strategy has richly rewarded many of Bitcoin's long-term investors. Meanwhile, some investors would prefer to stay in the world of stocks and exchange-traded funds (ETFs) rather than dabble in direct cryptocurrency trading.

Investing 246
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DynamoFL Raises $15.1M in Series A Funding

FinSMEs

DynamoFL, a San Francisco, CA-based provider of an enterprise solution for privacy-preserving Generative AI, raised $15.1M in Series A funding. Including a $4.2M seed round, the company has raised $19.3M to date. The round was co-led by Canapi Ventures and Nexus Venture Partners, with participation from Formus Capital, Soma Capital and angel investors Vojtech Jina, Tolga Erbay, and Charu Jangid.

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A 166-Year-Old Luxury Retailer Says This Might Be Its 'Last' Holiday Season Due to the 'Profound Erosion' of San Francisco

Entrepreneur - VC

The owner of San Francisco luxury department store Gumps took out a full-page ad in "The San Francisco Chronicle" to express concern over the city's current state and call on city officials to clean up the streets.

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Nobody Knows Anything, Calvin & Hobbes edition

The Big Picture

Previously : Nobody Knows Nuthin’ (May 5, 2016) Can Anyone Catch Nokia? (October 26, 2022) Why the Apple Store Will Fail (May 20, 2021) “No matter how you cut it, you’ve got to own Cisco” -2000 (May 15, 2023) Nobody Knows Anything, 2023 First Half Edition (June 30, 2023) Nobody Knows Anything (Collection) The post Nobody Knows Anything, Calvin & Hobbes edition appeared first on The Big Picture.

Finance 98
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1 Top Tech Stock to Buy During a Recession

The Motley Fool

In order to curb soaring inflation, the Federal Reserve embarked on an aggressive path of raising interest rates that started in early 2022. The pace of rate hikes has been the fastest in history, and some market participants are still worried that a recession could be on the horizon, despite the resilient U.S. economy. Unemployment is still low, inflation is cooling down, and the labor market is strong.

Debt 246
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ProjectDiscovery Raises $25M in Series A Financing

FinSMEs

ProjectDiscovery, a San Francisco, CA-based open source security company, raised $25M in Series A funding. The round was led by CRV, with participation from Point72, SignalFire, Rain Capital, Mango Capital, Accel, Lightspeed, Guillermo Rauch, Caleb Sima and Talha Tariq, among others. The company intends to use the funds to expand operations and its business reach.

Finance 98
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Lessons learned with Drew Brees, Turning Adversity into Opportunity

Entrepreneur - VC

In this episode of the Jeff Fenster show, guest Drew Brees shares his experience of overcoming adversity and achieving success. Brees recounts his experience of suffering a serious knee injury in high school, which cost him his football, basketball, and baseball seasons.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • How bonds ate the entire financial system : A very short, very wild history of the market that will shape the next financial crisis. ( Financial Times ) • The demonisation of BlackRock’s Larry Fink : All he wanted to do was save the planet while making his firm a fortune.

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Students in Michigan Will Get Free Breakfast and Lunch in the Upcoming School Year

The Motley Fool

Image source: Getty Images Many families struggle to afford food. Michigan is just one state impacted by food insecurity, leaving many families to go without. According to Feeding America, a nonprofit that provides food to more than 40 million people annually, one in nine people in Michigan faces hunger. The stats are even worse for children. One in eight children in the state faces food insecurity.

Education 246
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Marqo Raises US$5.2M in Seed Funding

FinSMEs

Marqo, a Melbourne, Australia-based startup enabling AI-powered search and discovery, raised US$5.2M in Seed funding. The round was led by Blackbird Ventures, with participation from Creator Fund, January Capital, and Cohere’s co-founders, Ivan Zhang and Aidan Gomez. The company intends to use the funds to scale its existing cloud service and build search technology that learns from user […] The post Marqo Raises US$5.2M in Seed Funding appeared first on FinSMEs.

Funds 98
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Politicisation of ESG a ‘constructive dialogue’: Mercer’s Rich Nuzum 

Top 1000 Funds

The discourse around ESG investing may be “messy” but Mercer’s global chief investment strategist, Rich Nuzum, says media and political scrutiny can help sharpen the focus of pensions and sovereigns on their objectives and duties.

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Not Even the 'Cotton Eye Joe' Could Derail Her Game. Meet Jessica Pegula, Canadian Open Champ and New Tennis Hot Shot

Entrepreneur - VC

Jessica Pegula didn't let the 'Cotton Eye Joe' derail her rally at the Canadian Open. Meet the tennis player daughter of Buffalo Bills billionaire Terry Pegula.

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Cord-Cutting Claimed Another 1.7 Million Cable Customers in Q2. Here's What Investors Need to Know.

The Motley Fool

Cable television companies are still losing customers. in droves. That's the big takeaway from last quarter's fiscal results for the industry, anyway. All told, another 1.7 million people in the U.S. cut the cord during the second quarter. The contraction hasn't altered its pace since before, during, and now after the COVID-19 pandemic. And nothing credibly suggests these cancellations will slow down anytime soon.

Investors 246
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Phasecraft Raises £13M in Series A Funding

FinSMEs

Phasecraft, a London and Bristol, UK-based quantum algorithms company, raised £13M in Series A funding. The round was led by Playground Global with participation from AlbionVC and existing investors Episode1, Parkwalk Advisors, LCIF, and UCL Technology Fund. The company intends to use the funds to further develop its quantum algorithms to the point of practical […] The post Phasecraft Raises £13M in Series A Funding appeared first on FinSMEs.

Funds 98
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Lex in depth: how investors are underpricing climate risks

Financial Times: Moral Money

The costs of inaction on global warming are potentially vast and often not sufficiently factored in to asset values

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How Incubus Guitarist Mike Einziger and Violinist Ann Marie Simpson-Einziger Are Rocking the Skincare Industry

Entrepreneur - VC

Incubus guitarist Mike Einziger and violinist Ann Marie Simpson-Einziger break down the launch and exponential growth of their revolutionary skincare company Mother Science.

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Self-Employed People Have a Big Tax Payment Due in September. Here's What You Need to Know

The Motley Fool

Image source: Getty Images Self-employment can really be a mixed bag. On the one hand, it's nice to set your own hours and, in some cases, work from anywhere. On the other hand, being self-employed means grappling with an income that might vary substantially from one month to the next. That could make it difficult to keep up with recurring expenses like car and mortgage payments.

Taxes 246
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Coachbetter Raises $2.9M in Seed-Plus Funding

FinSMEs

Coachbetter, a Zürich, Switzerland-based SportTech startup, raised $2.9M in Seed-Plus funding. The round was led by Brighteye Ventures and ZEN11Holding, with participation from a pool of investors around DAZN Group Executive Vice Chairman John Gleasurem, as well as 2018 FIFA World Cup winner and former Premier League star Steven Nzonzi. The company intends to use […] The post Coachbetter Raises $2.9M in Seed-Plus Funding appeared first on FinSMEs.

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TPG approaches EY about buying stake in consulting arm

Financial Times M&A

Deal with private equity group would allow Big Four firm to revive break-up plan