The Motley Fool
AUGUST 11, 2023
More than 49 million retired workers received a Social Security check in June 2023, and the vast majority of those individuals depend on monthly benefits to some degree, according to Gallup. For that reason, retired workers need to stay current on the program. Social Security undergoes several changes on an annual basis, and understanding those changes can help beneficiaries better budget their money.
PE Hub
AUGUST 11, 2023
Clairvest committed $300 million to Clairvest Equity Partners VII alongside $900 million from third-party investors. The post Clairvest wraps up seventh mid-market fund at $1.2bn hard-cap appeared first on PE Hub.
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The Motley Fool
AUGUST 11, 2023
One of my favorite technology research analysts is Dan Ives of Wedbush Securities. About a month ago he referred to the boom in artificial intelligence (AI) as a "1995 moment" for the technology sector. For those of you who don't get the reference, he's talking about the widespread adoption of the internet and how it impacted the world thereafter. I've been suspicious for a while that AI is quickly mutating into Wall Street's new favorite buzzword (a la "metaverse" or "blockchain").
PE Hub
AUGUST 11, 2023
A look at six private equity-backed insurance deals; the completion of Vista’s $4.6 billion sale of Apptio to IBM; and Northleaf’s $200 million investment in Tillman FiberCo. The post Vista closes $4.6bn sale of Apptio to IBM; Brookfield and Braemont invest in insurance appeared first on PE Hub.
The Motley Fool
AUGUST 11, 2023
With its stock up by 85% in the last 30 days alone, the global marijuana magnate Tilray Brands (NASDAQ: TLRY) is on a hot streak, to say the least. Between the start of a bounceback in the North American marijuana market, the end of the bear market, and big strategic plays, this company is quickly shedding the afflictions that kept its stock in decline over the last few years.
PE Hub
AUGUST 11, 2023
Brookfield, Serent Capital, Braemont Capital and Madison Dearborn are some of the firms finding opportunities in insurance. The post Insurance industry defies slowdown: 6 PE-backed deals in the sector appeared first on PE Hub.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
PE Hub
AUGUST 11, 2023
Macquarie Capital is the corporate advisory, capital markets and principal investing arm of Macquarie Group. The post Macquarie Capital names Christopher Hieb as managing director appeared first on PE Hub.
The Motley Fool
AUGUST 11, 2023
When examining Warren Buffett's Berkshire Hathaway investment portfolio, it's hard to deny what his favorite stock is. With around 45% of the portfolio wrapped up in Apple (NASDAQ: AAPL) stock, it's pretty clear he prefers this company over others (especially considering the next-highest weight in his portfolio is 9%). However, Apple just did something it hasn't done in seven years.
PE Hub
AUGUST 11, 2023
Apptio is a business management system of record for hybrid IT. The post Vista wraps up $4.6bn sale of Apptio to IBM appeared first on PE Hub.
The Motley Fool
AUGUST 11, 2023
Enbridge (NYSE: ENB) has an exceptional history of paying dividends. The Canadian pipeline and utility giant has increased its payout for 28 straight years. Fueling that steady growth is Enbridge's ability to expand its network of income-producing energy infrastructure assets. The company remains an excellent option for income-seeking investors. That was clear again this quarter as it produced steady results and continued making progress in securing new sources of earnings growth.
Private Equity Insights
AUGUST 11, 2023
KKR has preliminarily agreed to grant Italy’s Finance Ministry a stake of up to 20% in Telecom Italia’s fixed-network unit and give it a say in strategic decisions as part of the private-equity group’s bid for the so-called Netco business. The parties signed a memorandum of understanding that contemplates a binding offer for Netco from KKR with the participation of the ministry, the ministry said late Thursday.
The Motley Fool
AUGUST 11, 2023
Among the list of top cryptocurrencies trading for less than $1, two names stand out: XRP (CRYPTO: XRP) and Polygon (CRYPTO: MATIC). XRP and Polygon are trading at nearly the same price range ($0.60 to $0.70), and both are top-15 cryptocurrencies by market cap. But the fortunes of the two have diverged widely this year -- XRP is up almost 90%, while Polygon is down nearly 10% for the year.
Private Equity Insights
AUGUST 11, 2023
Brazil’s Arco Platform said on Thursday it has entered into an agreement with private equity firms General Atlantic L.P. and Dragoneer Investment Group to take the education software firm private for a total enterprise value of about $1.5bn. Investment entities affiliated with General Atlantic and Dragoneer Investment have agreed to buy all of the outstanding Class A common shares of Arco not held by them or the founders for $14 per share in cash without interest, Arco said.
The Motley Fool
AUGUST 11, 2023
U.S. telecom company AT&T (NYSE: T) might be the latest example of a stock that seems like it can't go much lower -- shares of the company trade for roughly $14 each, their lowest price since the mid-1990s. But there must be a bottom. After all, AT&T is the leading wireless carrier in the United States, and the company is doing some positive things in its core wireless business.
Entrepreneur - VC
AUGUST 11, 2023
Ahead of his induction into the Basketball Hall of Fame, NBA superstar Dwyane Wade tells Entrepreneur about his retirement, entrepreneurship, and how to learn from your losses.
The Motley Fool
AUGUST 11, 2023
Buying an unprofitable growth stock is always taking a chance. That's why the rewards are often fantastic, especially when the company begins to post profits. It didn't quite work out this way for travel giant Airbnb (NASDAQ: ABNB) , whose stock shot up amid great fanfare when it went public, only to fall in the bear market even as it was growing its profits.
Entrepreneur - VC
AUGUST 11, 2023
In her first-ever interview as CEO of X, Linda Yaccarino spoke with CNBC about the social media platform's rebrand, Musk's role in everything, and where she hopes to see the company go.
The Motley Fool
AUGUST 11, 2023
The Polygon (CRYPTO: MATIC) crypto token has a total market footprint of $6.4 billion today. That's the 11th largest name on today's crypto market. Still, it's a long way behind the $221 billion market cap of Ethereum (CRYPTO: ETH) , the smart contracts platform and fundamental cryptocurrency that Polygon was designed to improve. At $0.68 per token, Polygon's coin price also lags far behind Ethereum's $1,850 price tag.
FinSMEs
AUGUST 11, 2023
Tracer, a New York-based provider of a data intelligence platform, raised $18.1M Series A funding. The round was led by NewRoad Capital Partners, Progress Ventures, and BDMI, part of Bertelsmann’s corporate venture arm Bertelsmann Investments, with participation from S4S Ventures and Arbour Way Investors. The investor group also includes Alex Rodriguez and Marc Lore’s VCP Ventures, Kevin Durant and Rich Kleiman’s Thirty Five […] The post Tracer Closes $18.1M Series A Fund
The Motley Fool
AUGUST 11, 2023
After a fast start to the year, Bitcoin (CRYPTO: BTC) has been in a holding pattern of late, unable to break decisively above the $30,000 mark. While Bitcoin is still up 79% for the year, it is actually down 2% over the past 30 days. But even with this recent sluggishness, Bitcoin is the one cryptocurrency I'd buy right now. There's a lot happening behind the scenes with Bitcoin, and I like what I see.
FinSMEs
AUGUST 11, 2023
Kraftblock, a Sulzbach, Germany-based producer of sustainable high-temperature energy storage systems, raised €20M in Series B funding. The round was led by Shell Ventures, with participation from Finindus, Moore Strategic Ventures, A&G Energy Transition Tech Fund, and Future Industry Ventures. The company intends to use the funds to expand operations and its business reach.
The Motley Fool
AUGUST 11, 2023
Image source: Getty Images I have a chunk of my money in a savings account with an APY that's above 4% right now. And seeing as how there was a time not so long ago when my savings account was barely paying 1%, that's a vast improvement. But a big reason banks are paying so generously right now is that the Federal Reserve has raised interest rates 11 times since early 2022.
Integrity Financial Planning
AUGUST 11, 2023
Embracing an active lifestyle during the golden years is both rewarding and beneficial for overall health. As the summer season unfolds, it offers retirees an opportunity to engage in a variety of activities that not only keep them physically active but also stimulate their minds and foster social connections. Here are six engaging summer activities that you can enjoy.
The Motley Fool
AUGUST 11, 2023
What happened It was a terrible week for the fintech Upstart Holdings (NASDAQ: UPST) as its stock price nose-dived nearly 50%. As of Friday at 10:45 a.m. ET, it was down 45.3% for the week, according to S&P Global Market Intelligence. At one point during the week, it was down as much as 49.3%. Even with the huge drop, Upstart is still up some 152% year to date.
The Big Picture
AUGUST 11, 2023
My end-of-week morning train WFH reads: • Seth Klarman on What Makes a Value Investor and Committing ‘Sacrilege’ in New Edition of ‘Security Analysis.’ Klarman edited the classic to remind investors of basic principles — but he questions “how much of this will be read by institutional investors who may think they know it all.” ( Institutional Investor ) • Flying Cars Are Nearly Here—and They’re Electric : Companies like Joby and Archer are about to begin production of electric vertical takeoff a
The Motley Fool
AUGUST 11, 2023
Fool.com contributor Parkev Tatevosian reviews Nikola 's (NASDAQ: NKLA) question-and-answer session with Wall Street investors and what it could mean for Nikola shareholders. *Stock prices used were the afternoon prices of Aug. 8, 2023. The video was published on Aug. 10, 2023. 10 stocks we like better than Nikola When our analyst team has a stock tip, it can pay to listen.
Entrepreneur - VC
AUGUST 11, 2023
In 2021, Congress started a program to give grants to arts organizations affected by the pandemic. Insider found some of the biggest grants went to arena-filling musicians like Post Malone.
The Motley Fool
AUGUST 11, 2023
Tech-centric and artificial intelligence (AI) insurance company Lemonade (NYSE: LMND) announced strong second-quarter 2023 results last week, but you'd be forgiven for thinking otherwise if you saw the stock's post-earnings plunge. In my view, Lemonade's results were exceptional by every measure. And I think long-term investors would do well to buy this dip.
FinSMEs
AUGUST 11, 2023
Cube3.AI, a Palo Alto, Calif.-based web3 transaction security platform provider, raised $8.2m in seed funding. Backers included Blockchange Ventures, Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. The company intends to use the funds to expand operations and its development efforts. Led by Einaras Gravrock, Founder and CEO, Cube3 provides a platform featuring […] The post Cube3.AI Raises $8.2M in Seed Funding appeared first on FinSMEs.
The Motley Fool
AUGUST 11, 2023
Energy Transfer 's (NYSE: ET) growth capital sending has fallen off a cliff in recent years. It only invested $1.9 billion last year and expects capital spending to be around $2 billion this year. That's a lot less than the $4.9 billion it spent in 2018. Reduced capital spending is slowing its growth. However, the company sees a reacceleration ahead.
FinSMEs
AUGUST 11, 2023
Basys.ai, a Cambridge, MA-based healthtech startup, raised $2.4m in pre-seed funding. The round was led by Nina Capital with participation from Eli Lilly’s Lilly Ventures, Mayo Clinic, Two Lanterns Venture Partners, Asset Management Ventures, and Chaac Ventures. The company intends to use the funds to expand operations and its development efforts.
The Motley Fool
AUGUST 11, 2023
The big news of late for Rexford Industrial (NYSE: REXR) has been rent rollovers. The real estate investment trust (REIT) has warned that the back half of 2023 will be less exciting than the first half, and there are West Coast port union contracts to contend with, too. But so far, Rexford is executing at a high level relative to the West Coast region it serves.
The Big Picture
AUGUST 11, 2023
I am super jazzed for this year’s Future Proof. Our second go-around is even bigger and better than last year’s! It is nothing like the usual financial conference — it’s totally outdoors, right on the Pacific in Huntington Beach. We took over all 5 hotels for the 3000 attendees, including 1,000 registered advisors and over 500 sponsors.
The Motley Fool
AUGUST 11, 2023
When an investment trend as hot as artificial intelligence (AI) comes along, almost every company will try to tell investors how it is deploying or investing in it. Sometimes, they're just buzzwords from management to generate hype for its product. Other times, a company is legitimately using it or serving customers with it. Cloudflare 's (NYSE: NET) product isn't rooted in AI but provides its customers with the tools they need to make AI work for them.
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