The Motley Fool
OCTOBER 6, 2023
What happened Shares of VinFast Auto (NASDAQ: VFS) are falling fast and furious this week -- they were down a whopping 36.7% through 10:25 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. With this week's dramatic drop, the electric vehicle (EV) stock -- which made a sizzling debut in the U.S. in August -- is now 90% off its peak.
PE Hub
OCTOBER 6, 2023
Apollo, Clearlake and Sixth Street are among the private equity firms buying and selling in the wide world of sports. The post Goal-oriented: 7 private equity deals in the sports sector appeared first on PE Hub.
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The Motley Fool
OCTOBER 6, 2023
Image source: Getty Images Big lotto jackpots are in the news again, thanks to the recent kerfuffle over Powerball -- when no one wins, the eventual payout gets higher and higher. When it passes $1 billion, it's all but guaranteed to make the evening news (and the morning news). As a result, you might be hearing a lot of myths, falsehoods, and flat-out lies from friends, family members, and colleagues about winning that Powerball jackpot.
PE Hub
OCTOBER 6, 2023
Warburg Pincus and Advent International earlier this week completed the carve-out of Baxter International’s BPS business for $4.25bn. The post Warburg’s Ruoxi Chen: Innovative therapies will drive demand for Simtra BioPharma Solutions appeared first on PE Hub.
The Motley Fool
OCTOBER 6, 2023
Image source: Getty Images If you're someone who hides from their bank statement each month, you've taken a big step just by opening this article. Facing your fears isn't easy, especially when it comes to money. Read on for five no-shame, no-lecturing steps you can take right now. How to overcome your financial fears The first step in overcoming emotional blocks is to banish that horrible word, "should.
PE Hub
OCTOBER 6, 2023
TSCP’s PestCo picks up Live Oak Pest Control and PestBan+; a look at seven private equity firms investing in sports in various ways; Warburg Pincus and Advent International’s carve-out of Baxter International’s BioPharma Solutions business. The post Warburg details Simtra co-investment with Advent; plus 7 PE deals that play ball 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.
FinSMEs
OCTOBER 6, 2023
iCleanse, an Avon, CT-based DOOH (Digital Out-of-Home) startup that develops Swift UV units for phone disinfection and advertising revenue for businesses, received $1m credit financing from Enhanced Capital. The funding will enable iCleanse to boost operations, as it plans to utilize the investment to hire new employees while strengthening R&D operations.
The Motley Fool
OCTOBER 6, 2023
What happened After falling by double-digit percentages in the last week of September, shares of NextEra Energy (NYSE: NEE) extended their declines this week and were trading 13% lower through 1:20 p.m. ET Friday, according to data provided by S&P Global Market Intelligence. The stock, in fact, has now fallen to levels last seen in early 2020. With more and more analysts becoming cautious about the utility stock 's prospects after last month's unexpected developments, investors are increasin
FinSMEs
OCTOBER 6, 2023
Atalan Tech, a Boston, MA-based provider of a platform to accelerate early prediction and prevention of healthcare worker burnout and turnover, raised $2.5m in seed funding. The round was led by Excelerate Health Ventures and OCA Ventures, among other notable investors. The company intends to use the funds to accelerate research and development, expand the […] The post Atalan Tech Raises $2.5M in Seed Funding appeared first on FinSMEs.
The Motley Fool
OCTOBER 6, 2023
What happened Shares of Verizon (NYSE: VZ) fell as much as 3.3% in trading on Friday as the market faces pressure from the continued increase in interest rates. At 3:30 p.m. ET, shares were down 1.1%, still well behind the S&P 500 's gain of 1.3% for the day. So what Verizon continues to battle rising interest rates, and the U.S. 10-year government bond yield was up 6 basis points to 4.78% today.
FinSMEs
OCTOBER 6, 2023
Beat The Bomb, a Brooklyn, NY-based interactive social video game company, raised $15M in Series B funding. Backers included Otium Capital, and Conversion Venture Capital (CVC2). The company intends to use the funds to expand across the United States, starting with Philadelphia in summer 2024. Additional openings are expected thereafter for Charlotte, Denver, Houston, and more.
The Motley Fool
OCTOBER 6, 2023
Investor psychology is hugely important in the stock market. That's part of the reason why companies use stock splits to lower their share price, making them more attractive and accessible to smaller investors without changing the overall market value of the company. These events are usually seen as bullish signs and can boost interest in a stock. Over the last few years, Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) have used stock splits multiple times to manage their impressive share price
A Wealth of Common Sense
OCTOBER 6, 2023
The bond market continues to be even crazier than the stock market. We’ve witnessed a massive move in long-term bond yields these past couple of weeks and months. Yields on the 10, 20 and 30 year Treasury were all up in the neighborhood of 60 basis points over the past 16 trading sessions. Yields are up 1% or more on each of these bond maturities since the end of June.
The Motley Fool
OCTOBER 6, 2023
What happened Wall Street ended the week on a high note. The broader economy took center stage as investors digested the latest monthly jobs report and what it means for the direction of the overall economy. While the jobs market remains remarkably robust, the data offered tantalizing clues that the results weren't as strong as they initially appeared.
The Big Picture
OCTOBER 6, 2023
I have been playing with Nick’s S&P 500 calculator , and it’s pretty damned, cool. He used data from Robert Shiller’s website and created his own interface going all the way back to 1871. (The default assumes your dividends are reinvested). You can see why RWM hired Nick as our Chief Data Scientist… The post Historical S&P 500 Return Calculator appeared first on The Big Picture.
The Motley Fool
OCTOBER 6, 2023
There's no denying Amazon (NASDAQ: AMZN) is on the defensive right now. Ditto for the stock. Spurred by the Federal Trade Commission's recently announced antitrust lawsuit levied against the e-commerce giant, Amazon shares are down 13% just since the middle of last month. This pullback undermines a budding effort to recover last year's steep losses.
Integrity Financial Planning
OCTOBER 6, 2023
While some people idealize retirement as a time of leisure, many people often view retirement as a time of financial constraint and worry. For these reasons, you might think that your money and savings will dictate your happiness. But what if we changed the narrative? What if retirement was a time when your money worked for your happiness instead of requiring you to sacrifice that happiness?
The Motley Fool
OCTOBER 6, 2023
What happened Shares of Broadcom (NASDAQ: AVGO) were moving lower last month after the semiconductor designer known for network solutions and other chips offered underwhelming third-quarter results, and the stock responded to rumors that Google could drop it as a supplier. According to data from S&P Global Market Intelligence , the stock finished the month down 10%.
Private Equity Wire
OCTOBER 6, 2023
Standard BioTools Inc and SomaLogic Inc, suppliers of tools to the the medical research and drug development industry and portfolio companies of life sciences-focused private investment firm Casdin Capital have agreed to merge in an all-stock deal. The combined entity will have an equity value of more than $1bn including a premium, according to a press statement with Casdin Capital holding around 14% of the merged business.
The Motley Fool
OCTOBER 6, 2023
What happened Shares of hydrogen fuel company Plug Power (NASDAQ: PLUG) have been steadily sinking this week. As of Friday midmorning, Plug stock had lost 17% compared to its closing price last Friday, according to data provided by S&P Global Market Intelligence. So what The company itself didn't provide any news releases this week. Instead, it has been a story of interest rates.
Private Equity Wire
OCTOBER 6, 2023
Bain Capital Private Equity (Bain Capital) has competed its acquisition of Harrington Process Solutions (Harrington), a speciality distributor of industrial flow control process solutions, with the support of debt financing Goldman Sachs Asset Management, BMO Capital Markets, Oak Hill Advisors, and Jefferies Credit Partners. As part of the deal Bob Graham has assumed the role of Chief Executive Officer, bringing more than thirty years of industry experience.
The Motley Fool
OCTOBER 6, 2023
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) , Micron Technology (NASDAQ: MU) , and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Oct. 6, 2023. The video was published on Oct. 6, 2023. 10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen.
AltAssets
OCTOBER 6, 2023
BlackRock has launched a climate transition-oriented private debt fund targeting companies in the process of transitioning to net zero emissions. The post BlackRock responds to client demand with climate transition-oriented private debt fund first appeared on AltAssets Private Equity News.
The Motley Fool
OCTOBER 6, 2023
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Oct. 6, 2023. The video was published on Oct. 6, 2023. 10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen.
AltAssets
OCTOBER 6, 2023
Institutional investors are looking to increase their exposure to private assets in an attempt to better capture exposure to segments such as energy transition and impact investing, new research from Schroders shows. The post Wary of ongoing headwinds, investors look to up PE commitments in chase for AI, energy transition, impact exposure first appeared on AltAssets Private Equity News.
The Motley Fool
OCTOBER 6, 2023
Image source: Getty Images Buying a house can be a smart financial move in some circumstances. According to the National Association of Realtors, homeowners have as much as 40 times the wealth of renters, and the forced savings that comes from having to pay a mortgage lender and build equity is one of the reasons why that's the case. But you do make a huge commitment when you buy a house and agree to pay a mortgage for decades -- and it's not the right choice for everyone to purchase property.
FinSMEs
OCTOBER 6, 2023
Castelion, an El Segundo, CA-based modern defense production company, raised $14.2m in funding. The round was co-led by Andreessen Horowitz and Lavrock Ventures, with participation from First In, BlueYard Capital and Champion Hill Ventures. The company intends to use the funds to expand operations and its development efforts. Co-founded by Bryon Hargis, CEO, Sean Pitt, COO, and Andrew Kreitz, CFO, Castelion is […] The post Castelion Raises $14.2M in Initial Funding appeared first on FinSM
The Motley Fool
OCTOBER 6, 2023
What happened Shares of NuScale Power (NYSE: SMR) , a start-up manufacturer of small modular nuclear reactors (hence the ticker SMR), blew up in a good way early on Friday morning, with its shares rocketing 19.2% through 10 a.m. ET. The company has just announced that privately owned Standard Power will develop two small modular reactors to provide power to its data center company customers.
AltAssets
OCTOBER 6, 2023
Digital healthcare investment specialist 7wireVentures has brought its AUM above $500m thanks to the final close of its latest fund. The post 7wireVentures to double down on portfolio companies with new $217m fund first appeared on AltAssets Private Equity News.
The Motley Fool
OCTOBER 6, 2023
Pfizer (NYSE: PFE) and Novo Nordisk (NYSE: NVO) are two top pharmaceutical companies that are pursuing growth opportunities. Pfizer is looking to build up and diversify its business as its COVID revenue diminishes. Novo Nordisk's strategy centers around a fast-growing product in Wegovy. The business isn't as diverse as Pfizer's, but the upside Wegovy possesses could make up for that.
Financial Times M&A
OCTOBER 6, 2023
Some investors believe the sale of music rights to a private sister fund owned by Blackstone undervalues the assets
The Motley Fool
OCTOBER 6, 2023
Image source: Getty Images I've been to hundreds of concerts since my teenage years. And during my 20s, going to concerts was something I prioritized, so much so that I intentionally kept my essential bills as low as possible to free up the money to do that. But these days, I don't go to 20 or more concerts a year. Quite the contrary -- I think I've seen one live show since the start of 2023, and I don't currently have tickets to any other act.
Private Equity Wire
OCTOBER 6, 2023
Pension fund KPN is aiming to make an investment of between 5% and 7% of its €10bn assets in infrastructure, corporate and real estate debt by 2026, with half of that total going to impact investments – if the fund can identify suitable managers – according to a report by IPE.com. The Dutch telecoms firm’s pension fund has set itself a goal for 5% of its entire portfolio to be to impact investments by 2026, with half coming in the form of green bonds.
The Motley Fool
OCTOBER 6, 2023
Artificial intelligence (AI) has turned out to be a key growth driver for semiconductor stocks in 2023 thanks to the critical role that chips are going to play in the proliferation of this technology. After all, AI servers need more computing power, faster memory, and more storage to train models and run AI applications. The popular chatbot, ChatGPT, is reportedly powered by at least 30,000 graphics processing units (GPUs) from Nvidia.
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