The Motley Fool
OCTOBER 9, 2023
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. It's like Breaking Bad , only real. With help from authorities, Home Depot cracked open a crime ring that has accounted for $3 million in stolen goods across its Florida locations since 2016, The Wall Street Journal reported.
Private Equity Insights
OCTOBER 9, 2023
Appian Capital Advisory LLP, the investment advisor to long-term value focused private capital funds that invest solely in mining and mining related companies, announces the final close of its third fund (“Fund III”). Fund III was heavily oversubscribed despite difficult fundraising conditions for the private equity sector, raising its hard cap to US$2.06bn following strong support from both large, new investors and existing top-tier investors globally.
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The Motley Fool
OCTOBER 9, 2023
One of Walt Disney 's (NYSE: DIS) largest investors is getting jittery again. It doesn't mean that it has to end badly for the rest of the media giant's shareholders. The Wall Street Journal is reporting that activist investor Nelson Peltz is readying for a proxy battle at the next Disney shareholder meeting to gain some seats in the boardroom. If this sounds familiar, it's because we saw it start to play out earlier this year.
Private Equity Insights
OCTOBER 9, 2023
British specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank (MTRO.L) , people familiar with the matter told Reuters on Sunday. Shawbrook, backed by private equity groups BC Partners and Pollen Street (POLNP.L) , tabled an indicative bid for Co-op in recent days, said the people, who spoke on condition of anonymity.
The Motley Fool
OCTOBER 9, 2023
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. Adobe wants to watch its users a little more closely. The company is seeking to patent a system to generate "personalized in-application recommendations" by watching user behavior and determining their intent.
Private Equity Insights
OCTOBER 9, 2023
Swedish private equity firm EQT Partners is poised to sign on the dotted line to acquire one of Australia’s largest veterinary chains, VetPartners. Street Talk can reveal EQT dealmakers, Frank Heckes and David Forde, have agreed terms with sell-side adviser Jefferies and the buyout firm has been anointed preferred bidder. EQT, who you can meet at the Benelux Private Equity Conference, was understood to have bid upwards of $1.4bn in the first round – giving VetPartners the same multiple implied b
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Insights
OCTOBER 9, 2023
Indian hospitality unicorn OYO is in talks with private equity firm Apollo Global Management to refinance a $660m loan as the chain aims to reduce its debt in preparation for its initial public offering [IPO], sources familiar with the matter told Bloomberg. OYO’s parent company Oravel Stays Pvt is reportedly seeking to extend maturity to five years beyond the current 2026 deadline and a final decision could be made as early as next month.
The Motley Fool
OCTOBER 9, 2023
What happened Shares of e-commerce disruptor Shopify (NYSE: SHOP) fell 17.9% last month, according to S&P Global Market Intelligence. Shopify's woes from August's disappointing earnings report extended into September thanks to weak economic data for retailers and consumer stocks. So what Things were pretty quiet on the news front for Shopify in September.
Private Equity Insights
OCTOBER 9, 2023
Australia’s biggest private hospital operator, Ramsay Health Care, has lobbed a first-round offer for Cura Day Hospitals, put up for sale by Citi in May, Street Talk can reveal. Cura makes $40m a year at the earnings line and is slated to fetch a $500m-plus price tag for owner Frankfurt-listed healthcare giant Fresenius Medical Care. Sources said Ramsay – which has a market value of almost $12bn and 74 hospitals and clinics around the country – submitted a non-binding indicative bid to sell-side
The Motley Fool
OCTOBER 9, 2023
What happened A divergence appears to be building, at least in Monday's price action, between certain top cryptocurrencies and the broader equity market. While most risk assets declined in morning trading Monday in response to surging oil prices and an escalating conflict in the Middle East, equities recovered during the afternoon, with crypto assets underperforming.
FinSMEs
OCTOBER 9, 2023
The gaming industry has always been at the forefront of adopting cutting-edge technologies. From the early days of pixelated screens to the era of virtual reality, the landscape of gaming has evolved significantly. One of the most promising technological advancements on the horizon is blockchain. Revolutionizing Transactions with Distributed Ledger Blockchain, at its core, is […] The post How Blockchain Can Change the iGaming Industry?
The Motley Fool
OCTOBER 9, 2023
With a market cap hovering around $800 billion, investors are pushing Tesla (NASDAQ: TSLA) toward a return to the $1 trillion club. The innovative automotive manufacturer certainly has the prerequisite characteristics of one, including a secular tailwind, a culture of disruption and innovation, and a truly huge market opportunity. But share prices have already climbed so much in a relatively short time.
FinSMEs
OCTOBER 9, 2023
gaiia, a Quebec City, Canada-based company which specializes in connectivity operating systems (OS), raised $13M in Seed funding. The round saw participation from YCombinator, Kima Ventures, and oxio alumni. The company intends to use the funds to accelerate their development roadmap and integration library. Led by CEO Marc-Andre Campagna, gaiia provides a SaaS solution for […] The post gaiia Raises $13M in Seed Funding appeared first on FinSMEs.
The Motley Fool
OCTOBER 9, 2023
Investing in stocks may not look particularly appealing at the moment, given that the 10-year U.S. Treasury bond is offering a near 5% annualized yield. After all, most stocks outside the areas of artificial intelligence and weight-loss care have lost ground over the last two years because of various economic and geopolitical factors, along with a wide swath of investors opting for safer alternatives to stocks like high-yield savings accounts and fixed rate CDs.
FinSMEs
OCTOBER 9, 2023
SpecCheck, a San Francisco, CA-based startup that provides optical billing and customer management tools, raised $3.7m in seed funding. The round was led by Initialized Capital with participation from Y Combinator. The company intends to use the funds to expand operations and its business reach. Led by CEO Joe DeMaria, and CTO Arnold Villatoro, SpecCheck has […] The post SpecCheck Raises $3.7M in Seed Funding appeared first on FinSMEs.
The Motley Fool
OCTOBER 9, 2023
Ultra-high-yield stocks, or stocks with yields exceeding 7% on an annualized basis, have a rich tradition of generating market-beating returns. That said, there is an important caveat associated with this group of equities. Namely, a scorchingly high yield can also be a sign that a company is dealing with a major headwind. That's not always the case, but investors should always exercise caution when shopping for an ultra-high-yield dividend stock.
FinSMEs
OCTOBER 9, 2023
Optilogic, an Ann Arbor, MI-based supply chain network design software company, secured a funding round of undisclosed amount. Backers included new partners Augment Ventures and Beringea and existing investors MK Capital and Multiverse Investments. The company intends to use the funds to expand operations and its business reach. Led by CEO and Founder Donald A.
The Motley Fool
OCTOBER 9, 2023
Palantir Technologies (NYSE: PLTR) and Super Micro Computer (NASDAQ: SMCI) represent two different ways to invest in the expansion of the artificial intelligence (AI) market. Palantir's data mining platform aggregates and analyzes data from disparate sources to help organizations make more informed decisions. Super Micro Computer, which does business as Supermicro, produces pre-built servers for AI and machine learning applications.
FinSMEs
OCTOBER 9, 2023
0xScope, a Singapore-based provider of a data intelligence platform for Web2 and Web3 data, received an investment from OKX Ventures. The company intends to use the funds to expand operations and its business reach. 0xScope offers a range of SaaS solutions that address the data-centric demands of Web3 venture capital funds, blockchain protocols, Layer-1 and […] The post 0xScope Receives Investment From OKX Ventures appeared first on FinSMEs.
The Motley Fool
OCTOBER 9, 2023
Image source: Getty Images The average 30-year fixed-mortgage interest rate is 7.72% as of early October, according to Mortgage News Daily, which is the highest level in 23 years. This has been a result of a combination of factors, but especially the Federal Reserve's aggressive raising of benchmark interest rates. With stronger-than-expected economic data recently, many experts are worried that the Fed will have to continue raising rates, which has put upward pressure on consumer interest rates
FinSMEs
OCTOBER 9, 2023
The past several years have seen economic upheaval around the globe. While some of the major contributing factors were unpredictable, others have been looming on the horizon since the Industrial Revolution. Regardless, they have left us with some of the biggest economic challenges the world faces today. 1. Climate Change Rising temperatures pose a major […] The post Top 3 Challenges Facing the Global Economy appeared first on FinSMEs.
The Motley Fool
OCTOBER 9, 2023
When the markets get choppy, it helps to own growing companies benefiting from powerful megatrends. You want to avoid the temptation to sell out at the wrong time. One way to stay patient is to own companies whose opportunities for lots of growth excite you. Owning industry-leading companies posting big growth rates in revenue can lead to spectacular gains.
Integrity Financial Planning
OCTOBER 9, 2023
When talking about retirement financial planning, we often take investment strategy at face value. But what does an investment strategy really consist of? An investment strategy is utilized to help your wealth not only retain its value against inflation but hopefully grow as well. When it comes to retirement, there’s another aspect of income generation that is introduced.
The Motley Fool
OCTOBER 9, 2023
What happened Shares of Petco (NASDAQ: WOOF) were rolling over last month after the pet products retailer and services company faded on concerns about rising interest rates and in response to Walmart 's latest entry into pet services. According to data from S&P Global Market Intelligence , the stock finished the month down 20%. As you can see from the chart below, that pullback primarily came as concerns about rising interest rates washed over the market in the middle of September.
AltAssets
OCTOBER 9, 2023
Lexington Partners is reportedly on track to hit the $20bn hard cap for its tenth flagship fund, which would become the second-largest secondaries vehicle in history by reaching that total. The post Lexington said to near $20bn Fund X hard cap amid rise in non-institutional fund commitments first appeared on AltAssets Private Equity News.
The Motley Fool
OCTOBER 9, 2023
What happened Lucid Group (NASDAQ: LCID) stock can't seem to find a bottom. Shares of the electric vehicle (EV) maker fell 11% in September according to data provided by S&P Global Market Intelligence , and they have already lost nearly as much so far this month. One-third of Lucid's stock's value has been wiped out in just three months. Even as concerns about demand for Lucid cars linger, the company's latest move is yet another reflection of its struggle to find a footing in the heated EV
Private Equity Wire
OCTOBER 9, 2023
BlackRock Inc to launch a new private credit fund – The Climate Transition-Oriented Private Debt Fund – as part of an ESG-focused investing platform that the firm says is worth more than $100bn, according to a report by Bloomberg. The report cites an emailed statement from the firm as confirming that the new fund will be managed by a team of private debt investors together with sustainability and transition investing specialists from across the firm.
The Motley Fool
OCTOBER 9, 2023
What happened Shares of Zscaler (NASDAQ: ZS) were up 4.3% as of 12:21 p.m. ET on Monday after Barclays analysts upgraded the stock to overweight from underweight with a $190 near-term price target. The stock was crushed last year along with other expensive growth stocks. Zscaler has continued to report robust revenue growth this year, which has sent the stock up 52% year to date.
XY Planning Network
OCTOBER 9, 2023
The votes came in during this year’s XYPN LIVE conference and the AdvisorTech Expo Best in Show winner was clear: Income Lab ’s new Retirement Stress Test. The Expo spotlights new and emerging FinTech companies that build innovative solutions empowering financial advisors to increase value for their clients through better advice and a better client experience, raising the financial planning bar.
The Motley Fool
OCTOBER 9, 2023
Opera (NASDAQ: OPRA) has taken investors on a wild ride since its initial public offering (IPO) in 2018. The Norwegian web browser developer went public at $12 per American depositary share (ADS), but its shares slumped to an all-time low of $3.49 on Oct. 24, 2022. However, investors who bought the stock on that day were well rewarded as it rallied to a record high of $27.83 on July 13, 2023.
Private Equity Wire
OCTOBER 9, 2023
Investec Bank (Investec) has expanded its fund finance offering to US private equity with the appointment of Olivia Deroy in an Origination and Relationship Management role for Investec’s US Fund Solutions team in New York. As part of the US team, Deroy will focus on providing both capital call facilities and GP financing to mid-market closed-end private capital funds.
The Motley Fool
OCTOBER 9, 2023
August and September are historically two of the worst-performing months for the markets each year due to seasonal factors. Many Wall Street bankers take time off, which lowers trading volume, and fewer buyers are around to prop up dips in the market. What makes this year even tougher is that investors are navigating a challenging interest rate environment, with mortgage rates and key U.S. government bond yields rising to levels that could put the brakes on the broader economy.
Private Equity Wire
OCTOBER 9, 2023
The Bank of America has speculated that defaults in corporate private credit will exceed those in the syndicated loan market next year if interest rates remain consistently higher, as reported by Bloomberg. The report cites a note from Bank of America which stated: “Potential problematic situations within private debt remain unaddressed and are likely to surface near term.
The Motley Fool
OCTOBER 9, 2023
Rivian 's (NASDAQ: RIVN) stock price fell 23% on Oct. 5 -- its biggest one-day decline since its initial public offering (IPO) in November 2021 -- after the company announced a $1.5 billion convertible debt offering and reported preliminary third-quarter numbers. The sell-off was a bit puzzling. Sellers seemed to dislike the debt offering since the company already has billions in cash on the books.
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