A Wealth of Common Sense
NOVEMBER 3, 2024
It’s been a good year in the stock market. Through the close on Friday, the U.S. stock market is up 20% in 2024. The Russell 3000 Index is a good approximation of the total U.S. stock market. The index now has a little less than 2,700 stocks. Out of 2,670 stocks, 101 are up 100% or more this year (3.8% of the total). Thirteen stocks are up 300% or more, five are up 500% or greater and there is one stock in the one c.
The Motley Fool
NOVEMBER 8, 2024
Nvidia (NASDAQ: NVDA) was a $360 billion company at the start of 2023. In less than two years, its market capitalization ballooned to $3.5 trillion. Its ability to turn artificial intelligence (AI) into piles of cash is the driving force behind that incredible growth. Nvidia's graphics processing units (GPUs) for data centers are the most popular in the world for developing AI, and demand continues to outstrip supply.
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FinSMEs
NOVEMBER 5, 2024
Vertafore, a Denver, CO-based company providing end-to-end connectivity solutions, acquired Surefyre, a San Francisco, CA-based provider of a submission and underwriting workbench platform purpose-built to empower MGAs and wholesalers. The amount of the deal was not disclosed. This acquisition will further consolidate Vertafore’s position by adding Surefyre’s AI enabled, low-code/no-code solution to its MGA ecosystem of […] The post Vertafore Acquires Surefyre appeared first on
Private Equity Wire
NOVEMBER 8, 2024
Shares of private equity giant Carlyle Group surged by 9.7% on Thursday after the firm posted steady third-quarter profits that surpassed Wall Street expectations, with increased fee income balancing out higher compensation expenses, according to a report by Bloomberg. The company’s stock price hit $54.23, giving a valuation of around $19.3bn, after Carlyle reported distributable earnings, or the profit available for shareholders, of $367 million, or 95 cents per share – almost matching la
A Wealth of Common Sense
NOVEMBER 7, 2024
Bill Artzerounian joined me on this show this week to talk about the election’s impact on your taxes, the downsides of early retirement, tax planning for retirement and when to fill up your Roth buckets for retirement savings. Further Reading: Some Things I Don’t Believe About Investing The post Presidential Terms, Recessions & Bear Markets appeared first on A Wealth of Common Sense.
The Motley Fool
NOVEMBER 8, 2024
As the market eagerly awaits earnings from artificial intelligence (AI) powerhouse Nvidia (NASDAQ: NVDA) , investors will be happy to hear that the company's CEO, Jensen Huang, has announced a new partnership with Lenovo that will accelerate sales in a key area: enterprise. A critical piece of the pie The lion's share of Nvidia's revenue is derived from companies like Microsoft , Meta Platforms , and Amazon.
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Private Equity Wire
NOVEMBER 7, 2024
Blackstone Real Estate is to acquire Retail Opportunity Investments Corp (ROIC), which specialises in grocery-anchored retail properties, in an all-cash take-private deal valued at approximately $4bn, including debt. Under the terms of the agreement, Blackstone will acquire all outstanding common shares of ROIC at $17.50 per share—a 34% premium over ROIC’s closing price on 29 July, 2024, just before reports of a potential sale surfaced.
A Wealth of Common Sense
NOVEMBER 5, 2024
As Charlie Munger liked to say, “Invert, always invert.” Here are some things about investing that I don’t believe: I don’t believe there is a sole way to invest. Everyone has a different emotional make-up and lesser version of themself. Plus, experiences and circumstances can shape your attitudes towards risk and return. There are a lot of strategies that can work.
The Motley Fool
NOVEMBER 8, 2024
Image source: Getty Images There's a reason a lot of people wait until Black Friday to start shopping for the holidays. Not only is Black Friday known for its doorbuster deals, but you may need a few extra weeks to save money for the gifts you're looking to buy. While it's pretty common to hold off on holiday shopping until Black Friday, that decision could backfire on you.
FinSMEs
NOVEMBER 4, 2024
Algebrik AI, a NYC-based provider of a cloud-native and AI-powered digital era loan origination platform, raised $4M in Series A funding. The closing of the investment is subject to obtaining appropriate regulatory approvals. Backers were not disclosed. The company intends to use the funds to accelerate the development of its software and advance its solutions […] The post Algebrik AI Raises $4M in Series A Funding appeared first on FinSMEs.
Private Equity Wire
NOVEMBER 6, 2024
Full service law firm Katten has appointed Maximilien Pucci-Sisti Maisonrouge as a Partner in the firm’s private credit practice in New York, where he will work on complex transactions and provide key guidance on various deal types. Maisonrouge’s experience includes work on unitranche, first- and second-lien credit facilities, investment-grade, middle-market, and large-cap financings as well as cross-border and domestic acquisition financings, and debt restructuring transactions.
A Wealth of Common Sense
NOVEMBER 8, 2024
When Barack Obama was elected president the U.S. economy and markets were in rough shape. From the peak in October 2007 through election day the S&P 500 was already in the midst of a 35% drawdown. By the time he was inaugurated in January 2009, the market was down nearly 50% in total. By March, a Bloomberg opinion piece was calling it the “Obama Bear Market”: President Barack Obama now has the distinction.
The Motley Fool
NOVEMBER 8, 2024
Shares of Palantir Technologies (NYSE: PLTR) , an artificial intelligence (AI) data analytics company, jumped this week after the company reported better-than-expected third-quarter results and issued guidance that impressed investors. Palantir's stock was up 35% this week, as of this writing, pushing the company's stock up more than 200% over the past 12 months.
FinSMEs
NOVEMBER 7, 2024
Cloverleaf AI, a Denver, CO-based provider of solutions for government contractors, raised $2.8M in Seed funding. The round was led by Jackson Square Ventures, with participation from First Mile, TechStars, and legal Tech Fund. The company intends to use the funds to expand operations and its development efforts. Led by CEO Adam Zucker, Cloverleaf AI provides transparency […] The post Cloverleaf AI Raises $2.8M In Seed Funding appeared first on FinSMEs.
Private Equity Wire
NOVEMBER 6, 2024
HPS Investment Partners is leading the provision of an £800m ($1bn) private credit package for Ocorian, a Jersey-based investment management firm backed by private equity firm Inflexion, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as confirming that Apollo Global Management, Carlyle Group, and Goldman Sachs Asset Management are also participating in the financing deal, which aims to refinance Ocorian’s existing unitranche loan from Ares Ma
AltAssets
NOVEMBER 8, 2024
Artá Capital, a private equity firm focused on medium-sized Spanish and Portuguese buyouts, has hit a €400m final close for its third fund. The post Iberian buyout house Artá Capital scores €400m for Fund III final close appeared first on AltAssets Private Equity News.
The Motley Fool
NOVEMBER 8, 2024
Palantir Technologies (NYSE: PLTR) shares rocketed higher after the company once again reported accelerating revenue growth and boosted its full-year guidance. The stock has nearly tripled in price year to date. While Nvidia has become the winner of artificial intelligence (AI) infrastructure, Palantir is beginning to establish itself as one of the biggest AI winners on the software side.
FinSMEs
NOVEMBER 4, 2024
Advex, a San Francisco, CA-based startup providing AI Vision solutions for manufacturing, raised $3.5M in Seed funding. The round was led by Construct Capital, with participation from Pear VC, Emerson Collective, and angel investors Arash Ferdowsi (Dropbox founding CTO) and Ankit Jain (Infinitus CEO). The company intends to use the funds to expand operations and […] The post Advex AI Raises $3.5M in Seed Funding appeared first on FinSMEs.
Private Equity Wire
NOVEMBER 7, 2024
EQT, a private investment firm with €246bn in total assets under management, has made a SKR15.3bn (€1.3bn) take-private offer for Stockholm-listed industrial component distributor OEM International, according to a report by PE Hub. Key OEM stakeholders have backed the offer by agreeing to sell about 75% of their shares, which equates to around 72.5% of the company’s total voting rights and approximately 25.7% of its share capital.
AltAssets
NOVEMBER 8, 2024
Dutch venture capital investor 4impact Capital has closed its second fund on €68m to target digital and sustainability ventures in north-western Europe. The post Dutch VC 4impact eyes digital, sustainability dealmaking with €68m Fund II appeared first on AltAssets Private Equity News.
The Motley Fool
NOVEMBER 8, 2024
Warren Buffett is one of the most well-respected portfolio managers in the world, and there's good reason for that. His track record speaks for itself. After taking control of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, he grew the value of shareholders' stakes by an average compound annual rate of 19.8% through 2023. By comparison, the S&P 500 produced a total compound annual return of 10.2% in that period.
FinSMEs
NOVEMBER 7, 2024
Corgea, a San Francisco, CA-based cybersecurity startup providing an AI-powered security platform, raised $2.6M in Seed funding. The round was led by Shorooq Partners, with participation from investors Y Combinator (YC), Propeller, Decacorn Capital, Unbound Ventures, and various angels such as Jawed Karim (co-founder of Youtube & Y Ventures) and Sam Kassoumeh (Co-founder of SecurityScoreCard). […] The post Corgea Raises $2.6M in Seed Funding appeared first on FinSMEs.
Private Equity Wire
NOVEMBER 8, 2024
Pan-European private equity firm Astorg is to acquire a majority stake in data management specialist Redslim from Founders Eric Bensimon, Alberto Alcaniz, Soren Altmann, and Patric Mezei, who will re-invest significantly in the business. Leveraging a proprietary technology platform, Redslim focuses on servicing clients in the Consumer-Packaged Goods (CPG) and Consumer Healthcare (CHC) segments including Mars, Danone, L’Oréal, and Kenvue.
AltAssets
NOVEMBER 8, 2024
More than half of LPs committing to alternative assets are using AI technology to predict market trends and investment results, new data from alts-focused software provider Dynamo Software suggests. The post More than half of LPs now using AI in investment decision making appeared first on AltAssets Private Equity News.
The Motley Fool
NOVEMBER 8, 2024
Image source: Getty Images Everyone talks about passive income -- how to earn it, how to maximize it, and so on. But the truth is, if you have never generated passive income before, it can seem a bit daunting, bewildering, even overwhelming. This is especially true if you may be looking to generate significant passive capital that you might like to then more actively invest.
FinSMEs
NOVEMBER 6, 2024
MagicDoor, a Las Vegas, NV-based provider of an AI-native property management software platform, raised over $2M in Pre-Seed funding. Backers included Shadow Ventures, as well as key angels, prospective clients, and founders. The company intends to use the funds to enable the development of additional features in its AI-powered software solution and accelerate sales, marketing, […] The post MagicDoor Raises Over $2M in Pre-Seed Funding appeared first on FinSMEs.
Private Equity Wire
NOVEMBER 8, 2024
Churchill Asset Management and Arcmont Asset Management, the US and European asset management companies of Nuveen Private Capital (NPC), have appointed Katherine Elmore-Jones as a Partner and Head of Private Equity Business Development in Europe. Elmore-Jones will be based in Arcmont’s London office and report to Chris Freeze and David Burnside, Co-Heads of NPC Business Development.
Blackstone News
NOVEMBER 6, 2024
The post Blackstone Real Estate to Take Retail Opportunity Investments Private for $4 Billion appeared first on Blackstone.
The Motley Fool
NOVEMBER 8, 2024
Investors knew the third quarter was going to be bad for Celsius (NASDAQ: CELH) , but the reality was worse than some expected. What investors need to know is how the revenue drop in Q3 affects the company's trajectory. *Stock prices used were end-of-day prices of Nov. 6, 2024. The video was published on Nov. 7, 2024. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks?
FinSMEs
NOVEMBER 8, 2024
AUD/USD is one of the most popular currency pairs traded today. It belongs to the Majors group. It is the fifth most traded currency pair in the world. The Australian economy is performing well. There are many factors that influence the AUD/USD pair. However, one of the major influences is the trade relations between Australia and the […] The post How to Trade Australian dollar appeared first on FinSMEs.
Private Equity Wire
NOVEMBER 5, 2024
UK regional private equity firm NorthEdge has completed the sale of CMap Group Limited (CMap) to ECI, a growth-focused mid-market private equity firm with a track record of investing in software businesses. CMap, a Manchester-headquartered Professional Services Automation (PSA) software business, serves customers in the Architects, Engineering & Construction (AEC) and Consulting sectors.
Financial Times M&A
NOVEMBER 7, 2024
Berkshire Hathaway has investors asking questions after filling its coffers by unwinding its most profitable trade
The Motley Fool
NOVEMBER 8, 2024
Among billionaire money managers on Wall Street, few if any garner as much attention as Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) Warren Buffett -- and it's not hard to understand why. Since becoming CEO of Berkshire in the mid-1960s, he's led his company's Class A shares (BRK.A) to an aggregate return of almost 5,500,000%, and practically doubled up the annualized total return, including dividends, of the S&P 500 (SNPINDEX: ^GSPC).
FinSMEs
NOVEMBER 5, 2024
Ellipsis Labs, a NYC-based verifiable finance company, raised $21M in funding. The round was led by Haun Ventures, with participation from existing investors Electric Capital, Anatoly Yakovenko, and Paradigm. The company intends to use the funds to hire engineers and accelerate the development of the blockchain purpose-built for verifiable finance. Ellipsis Labs builds applications and infrastructure […] The post Ellipsis Labs Raises $21M Led By Haun Ventures appeared first on FinSMEs.
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