Wed.Aug 30, 2023

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Why Did This Cathie Wood Stock Soar 24% on Tuesday?

The Motley Fool

Ginkgo Bioworks (NYSE: DNA) focuses on synthetic biology. In short, it builds platforms to program cells as easily as programming a computer. On Tuesday, Gingko stock soared 24% after the company partnered up with Alphabet 's Google Cloud to build next-generation artificial intelligence (AI) platforms for biological engineering and biosecurity. *Stock prices used were from the trading day of Aug. 29, 2023.

Returns 264
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K1-backed Reveal buys two legal tech firms Logikcull and IPRO

PE Hub

The transactions are valued at more than $1 billion. The post K1-backed Reveal buys two legal tech firms Logikcull and IPRO appeared first on PE Hub.

Legal 217
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The Best Stock to Invest $1,000 in Right Now

The Motley Fool

Scraping together enough cash to invest in the stock market isn't easy. Between monthly bills and other living expenses, paying down high-interest credit card debt, and topping up your emergency savings, many things take precedence. But if you do have some money to invest -- say, $1,000 or so -- you should consider buying shares in an elite business that can help you protect and grow your wealth.

Investing 264
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Angeles Equity-backed Crenlo Engineered Cabs sells Brazilian division to JOST

PE Hub

Headquartered in Minnesota, Crenlo Engineered Cabs is a maker of engineered operator cabs and rollover protective structures for heavy equipment and off-highway vehicles. The post Angeles Equity-backed Crenlo Engineered Cabs sells Brazilian division to JOST appeared first on PE Hub.

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Kellogg's Good Company/Bad Company Spin-Off Is Tough to Swallow

The Motley Fool

Realty Income (NYSE: O) did it, and so did International Business Machines (NYSE: IBM). So, on the surface, Kellogg (NYSE: K) isn't unique in my portfolio. But the difference with Kellogg is that the iconic food maker's good company/bad company spin-off is likely to lead to a major adjustment in both the business and the dividend policy. I'm thinking about selling the stock so I'm not left with a bad business and a reduced income stream.

Companies 246
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Highland West-backed Bid to acquire Industrial Cutting Solutions

PE Hub

Based in Prince George, British Columbia, Bid is an integrated supplier of equipment, engineering and optimization services and related solutions to the wood processing industry. The post Highland West-backed Bid to acquire Industrial Cutting Solutions appeared first on PE Hub.

Bidding 191

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Cordiant Digital Infrastructure signs pact to buy Speed Fibre

PE Hub

Speed Fibre is an open access fibre infrastructure provider with headquarters in Dublin, Ireland. The post Cordiant Digital Infrastructure signs pact to buy Speed Fibre appeared first on PE Hub.

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These 7 States Offer Free Breakfast and Lunch to K-12 Students

The Motley Fool

Image source: Getty Images Food insecurity is a serious issue that impacts millions of people worldwide, including right here at home. Nearly 34 million Americans lived in food-insecure households in 2021, according to the U.S. Department of Agriculture (USDA). In addition to adults, millions of children are impacted. Several U.S. states are taking action to ensure children get the food they need.

Education 246
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Southern Ute Indian Tribe Growth Fund forms new investment firm Kava Equity Partners

PE Hub

Based in Colorado, Kava Equity will invest in lower middle market companies. The post Southern Ute Indian Tribe Growth Fund forms new investment firm Kava Equity Partners appeared first on PE Hub.

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Is Costco Successfully Managing the Trade-Off Between Dividends and Growth?

The Motley Fool

Costco Wholesale Corporation (NASDAQ: COST) , a powerhouse in the retail sector, continues to deliver strong operating results, and positive news on most fronts has many investors wondering if now is the time to get in with shares of the company. Investors may also seek reassurance about the company's equilibrium between dividend distribution and expansion aspirations.

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Why BC Partners brought Apollo into the PetSmart fold; plus new add-on deals

PE Hub

The Southern Ute Indian Tribe Growth Fund forms a new PE firm. The post Why BC Partners brought Apollo into the PetSmart fold; plus new add-on deals appeared first on PE Hub.

Funds 182
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4 Things You Definitely Shouldn't Do While Planning for Retirement

The Motley Fool

A retirement plan is vital if you want financial security as a senior. And you don't just need a plan, you need a good plan. And that means there are some mistakes you should avoid as you consider what your future will look like. As you set money goals and figure out how you'll support yourself as a retiree, here are four things you definitely don't want to do during the process.

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Kelso-backed Brady IFS and JanSan provider Envoy Solutions to merge

PE Hub

Headquartered in Bell, California and Las Vegas, BradyIFS is a distributor of foodservice disposables and janitorial and sanitation products. The post Kelso-backed Brady IFS and JanSan provider Envoy Solutions to merge appeared first on PE Hub.

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3 Dividend Stocks Yielding 6%+ to Buy Hand Over Fist Right Now

The Motley Fool

Some companies built their business models to pay attractive dividends. They generate stable and growing cash flow to support an above-average and steadily rising payout. Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A) , Crown Castle (NYSE: CCI) , and Kinder Morgan (NYSE: KMI) stand out for their dividends. The trio currently offers yields above 6% on payouts they expect to continue growing.

Assets 246
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BC Partners got creative with PetSmart when faced with anemic exit environment

PE Hub

In July, Apollo announced a minority stake in the pet retailer, which BC took private back in 2015. PE Hub spoke with both firms to learn more. The post BC Partners got creative with PetSmart when faced with anemic exit environment appeared first on PE Hub.

Stakes 175
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How Disney Stock Becomes a Multibagger

The Motley Fool

Disney (NYSE: DIS) is going through a number of transitions at once, and the market isn't happy with what it's seeing. But dig a little deeper, and Disney has a solid core and is well positioned for the future of streaming. In this video, Travis Hoium highlights why this could be a multibagger stock. *Stock prices used were end-of-day prices of Aug. 28, 2023.

Returns 246
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Sycamore Partners rolls out new apparel holding company KnitWell

PE Hub

The company will also continue to provide oversight and shared services to Lane Bryant, a plus-size women's apparel brand. The post Sycamore Partners rolls out new apparel holding company KnitWell appeared first on PE Hub.

Companies 172
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Will Microsoft or Apple Win the Race to Be Worth $5 Trillion?

The Motley Fool

Apple (NASDAQ: AAPL) has been the first U.S. company to cross several key valuation thresholds: $1 trillion, $2 trillion, and now $3 trillion. However, Microsoft (NASDAQ: MSFT) has been trailing Apple every step of the way and often crosses these thresholds (except for $3 trillion) not long after Apple does. The road to either company achieving a $5 trillion valuation is likely a way off, but which company has the easier path to accomplishing this goal?

Stakes 246
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ACP-backed Marco Rubber & Plastics acquires manufacturer American Seal & Packing

PE Hub

Marco is a custom sealing solutions provider. The post ACP-backed Marco Rubber & Plastics acquires manufacturer American Seal & Packing appeared first on PE Hub.

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1 Cryptocurrency I'd Buy Right Now

The Motley Fool

To say that Bitcoin (CRYPTO: BTC) is in a bull market would be slightly premature, yet at the same time its gain of almost 70% in 2023 makes the depths of the bear market feel like an eternity ago. As Bitcoin tries to shake off a brutal crypto winter, it can be challenging to discern its current position. But with some added historical context, it becomes evident that investors typically have the most to gain when Bitcoin seems to be in limbo.

Returns 246
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New oil and gas investment firm Peak 10 Energy debuts

PE Hub

Peak 10’s inaugural acquisition are non-operated oil and gas properties in Reeves, Fisher, Scurry, Gaines, Dawson and Andrews Counties, Texas, from a private seller. The post New oil and gas investment firm Peak 10 Energy debuts appeared first on PE Hub.

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If You'd Invested $1,000 in SoFi 1 Year Ago, This Is How Much You Would Have Today

The Motley Fool

Traditional banking has been forever disrupted by fintech challengers that offer easy-to-use digital services, often at much lower fees. Established banks have all tried to adopt the new model and stay relevant in this new world of digital financial services, and the consumer has benefited in many ways. SoFi Technologies (NASDAQ: SOFI) is one of the most popular online financial services providers, and while its performance has been largely positive, its stock price has been volatile.

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Archimed takes over software firm Instem for £203m

Private Equity Insights

Health tech software company Instem has agreed to a £203m takeover by a US private equity firm in the latest blow to London’s capital markets. The life science solutions provider announced this morning it had agreed to a takeover deal by Archimed, a US-based firm that operates in the health sector. Archimed has established a new company, Bidco, to acquire the group.

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Do Retirees Still Need an Emergency Fund Even Though They Aren't Depending on a Paycheck?

The Motley Fool

Image source: Getty Images You probably know that you should have emergency money in a high-yield savings account. The common advice is to save up three to six months of living expenses in case of unexpected surprise costs. One of the big reasons why people need money saved for emergencies is to be prepared for a potential cut in income that could come from a job loss or a reduction in hours.

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Hedonova announces $50m new co-investment opportunity in the startup space

Private Equity Insights

Connecticut – Hedonova, a leading hedge fund renowned for its unwavering commitment to identifying exceptional investment opportunities, is excited to introduce its newest co-investment opportunity. This initiative is centered around the dynamic startup sector, and it builds upon Hedonova’s proven history of delivering impressive returns. Building on its track record of remarkable returns , Hedonova is offering its clients an exclusive opportunity to partake in a carefully curated investme

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If I Had $1,000 to Invest Among Rivian, Enphase Energy, and QuantumScape Stocks, Here's How I'd Do It

The Motley Fool

After buying a few too many ice cream cones this summer, I'm back to pinching my pennies and working to build up a cash position I can use to buy some new stocks. There are lots of tickers that I'd love to add to my portfolio, but three prominent names on my radar are Rivian (NASDAQ: RIVN) , Enphase Energy (NASDAQ: ENPH) , and QuantumScape (NYSE: QS).

Investing 246
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Tower Arch recaps TD&I Cable Maintenance

PE Hub

Zions Bank and Hillcrest Bank provided the financing for the deal. The post Tower Arch recaps TD&I Cable Maintenance appeared first on PE Hub.

Banks 125
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3 Little-Known Ways to Save Money at Costco

The Motley Fool

Image source: Getty Images Costco can be a great place to shop if you want to keep your credit card bills to a minimum. The warehouse club charges you to become a member, but then you get to benefit from low prices on a wide variety of items ranging from big-screen TVs to supersized boxes of cereal. But your opportunities to save don't just start and end with the reduced prices on household goods that Costco offers.

Resale 246
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Video: Hurricane Idalia Footage Shows Gas Stations Being Swept Over, Residents Paddleboarding Through the Streets, and Bars That Are Still Open

Entrepreneur - VC

Hurricane Idalia made landfall Wednesday morning as a Category 3, leaving residents to witness everything from gas stations being swept away to paddleboarding through the streets.

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Is This Healthcare Titan the Next Big Dividend Stock?

The Motley Fool

Most investors probably know what UnitedHealth Group (NYSE: UNH) is. It's the world's largest healthcare company, a member of the Dow Jones Industrial Average , and has its hands in various areas, from insurance to care. Its rise to healthcare prominence has been remarkably profitable for investors over the years; the stock has returned more than 338,000% over its lifetime.

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5 Steps to Help Real Estate Investors Prepare to Sell Their Rental Property

Entrepreneur - VC

Preparing to sell your rental investment is a chore. It's even more complicated if you have current tenants. Explore five things to help you prepare for what's ahead when you're thinking about selling your rental property.

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Why iCoreConnect Stock Is Skyrocketing Today

The Motley Fool

What happened Shares of iCoreConnect (NASDAQ: ICCT) are skyrocketing 39.8% higher as of 11:07 a.m. ET. The huge gain came after the healthcare technology company announced late Tuesday evening that trading of its shares would resume at the market open on Wednesday. Trading of iCoreConnect's shares was halted on Tuesday. This halt occurred after the discovery that some shares didn't convert correctly following the company's merger on Aug. 25, 2023, with FG Merger, a special purpose acquisition co

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Subway Is Opening a New Blimp Restaurant — From 1,000 Feet Up in the Sky

Entrepreneur - VC

The sandwich chain is taking things to new heights in order to promote its new Deli Heroes menu by offering customers the opportunity to dine inside a blimp restaurant set to hover at 1,000 feet up.

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The Fed is Still Trying to Prevent the Next Silicon Valley Bank

The Motley Fool

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. Sure, it's been a billion news cycles since then, but the Fed hasn't forgotten last spring's liquidity crisis that totaled Silicon Valley Bank, First Republic Bank, and Signature Bank -- and nearly spread throughout the entire sector.

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