Wed.Nov 22, 2023

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New 1099 Reporting Rules Won't Go in Effect in 2023, IRS Says

The Motley Fool

Image source: Getty Images Many people are in the habit of using payment platforms like Venmo for personal or small business use. These platforms make it easy for independent contractors and individuals to get paid. The IRS wants to crack down on third-party payment reporting and was initially planning to require these platforms to issue a 1099 form to anyone who received more than $600 in payments in 2023.

Taxes 273
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KKR-backed FGS bags Longview Communications and Public Affairs

PE Hub

Longview is a Vancouver-based communications and public affairs advisory company. The post KKR-backed FGS bags Longview Communications and Public Affairs appeared first on PE Hub.

Companies 196
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Why Amazon Stock Bounced Back This Morning

The Motley Fool

Shares of Amazon (NASDAQ: AMZN) gave up 1.5% of their value on Tuesday, but are getting all those losses back -- and more -- on Wednesday morning, rising 2.1% through 10:45 a.m. ET. The e-commerce giant initially stumbled on reports that company founder Jeff Bezos had gifted some 1.6 million Amazon shares (worth nearly $240 million) to charity, and might be preparing to sell between 8 million and 10 million more shares in the near future -- more than $1 billion in stock sales.

Bidding 264
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Capital Power to buy two US gas plants, partners with BlackRock

PE Hub

The net purchase price of the acquisitions is expected to be $1.1 billion (C$1.5 billion). The post Capital Power to buy two US gas plants, partners with BlackRock appeared first on PE Hub.

Capital 192
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Should You Buy Ripple (XRP) While It's Still Down?

The Motley Fool

The cryptocurrency commonly known as Ripple (CRYPTO: XRP) is down by more than 10% over the last week. Trading at $0.58 per token, XRP also stands far below the short-lived peaks near $2 in 2021 and $3 in 2018. So Ripple's crypto winter is still in full force, despite positive developments in the cryptocurrency's long-running courtroom drama and a general thawing of the broader crypto market's chill.

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Copenhagen Infrastructure Partners unveils renewables platform Horizon

PE Hub

Based in Calgary, Horizon New Energy will be a power producer that owns both operational projects and a growing pipeline of projects under construction and in development. The post Copenhagen Infrastructure Partners unveils renewables platform Horizon appeared first on PE Hub.

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OpenGate Capital to acquire Cineplex’s amusement services biz

PE Hub

Player One Amusement Group serves around 2,400 customer locations and manages more than 20,000 equipment assets across North America. The post OpenGate Capital to acquire Cineplex’s amusement services biz appeared first on PE Hub.

Capital 188
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Why Deere Stock Plunged After Earnings Today

The Motley Fool

Agriculture and construction equipment maker Deere & Co. (NYSE: DE) reported its fiscal 2023 fourth-quarter results Wednesday morning, and the stock plunged. As of 11:40 a.m. ET, it was down by about 5%, making it one of the leading losers in the Dow Jones Industrial Average index for the session. Notably, the company handily beat earnings estimates for the quarter, which ended Oct. 29.

Investors 246
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Garnett Station builds regional restaurant brand platform; LPs push back on NAV loan distributions

PE Hub

Authentic Restaurant Brands, in October, added-on Fiesta Restaurant Group for $225 million. The post Garnett Station builds regional restaurant brand platform; LPs push back on NAV loan distributions appeared first on PE Hub.

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Amazon Selling Cars Too? What You Need to Know

The Motley Fool

Amazon (NASDAQ: AMZN) will start listing Hyundai vehicles on its site starting next year, and that could give the company footing in the auto business. It's not just auto sales Amazon is interested in -- the cloud and technology stack within cars is up for grabs. In this video, Travis Hoium covers the latest news and why Amazon will be a big force in the auto industry.

Returns 246
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One Equity Partners Capitalizes on Oil & Gas Expertise with $205m Acquisition

Private Equity Insights

TechnipFMC plc FTI, an oilfield service provider, announced plans to sell its Measurement Solutions business to One Equity Partners in a deal worth $205m cash. The agreement is pending customary adjustments at the closing of the transaction. The Measurement Solutions business, operating under the Surface Technologies segment, specializes in terminal management solutions and metering products and systems.

Capital 130
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Verizon Could Soon Unveil Its Latest Growth Catalyst, and It's a Game Changer

The Motley Fool

A key reason investors have been bearish on Verizon (NYSE: VZ) is because of its disappointing growth rate. And in an inflationary environment that drives up costs, it's a hard place to be in. But Verizon doesn't seem to be out of ideas on how to grow its business. It should soon unveil its latest plan to stimulate growth -- a streaming services partnership with Netflix and Warner Bros.

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Stonepeak Seals $7.4bn Deal for Textainer

Private Equity Insights

Textainer Group Holdings Limited, a prominent player in the intermodal container leasing sector, has concluded its “go-shop” period, a phase where alternative acquisition offers could be considered, following a proposal from investment firm Stonepeak. The deal, which values Textainer at approximately $7.4bn or $50 per share, did not attract any competing bids during this period.

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I Have a Savings Account That Pays Just 0.01% APY. Here's Why I'm Keeping It

The Motley Fool

Image source: Getty Images Thanks to multiple successive rate hikes by the Federal Reserve last year and this year, it is a great time to have cash in the bank. A higher federal funds rate doesn't directly mean higher rates on savings accounts, money market accounts, and certificates of deposit. However, consumer rates are impacted by it, and this goes in both directions -- it's more expensive to have variable-rate debt (such as that on credit cards), and it's more lucrative to have a deposit ac

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Slowing U.S. Economy, State by State

The Big Picture

We spend way too much time trying to predict the future (especially this time of year). Rather than engage in futility, let’s look at the coincident indexes in all 50 states over the past 3 months, via the Federal Reserve Bank of Philadelphia (October 2023). Note: I have been occasionally eyeballing this map since 2008 , and it does a good job of showing the overall trend of the economy (on an obvious lag).

Banks 141
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Why Advanced Micro Devices Stock Is Higher Today

The Motley Fool

Nvidia 's blockbuster quarter might not have been strong enough to impress investors given the company's already sky-high valuation, but the results did make the case the artificial intelligence (AI)-fueled surge in chip spending is not going to recede any time soon. That forecast is providing momentum for other chipmakers with rival data center offerings, including sending shares of Advanced Micro Devices (NASDAQ: AMD) up 3.6% as of 2 p.m.

Capital 246
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Blackstone to Acquire Civica

Blackstone News

LONDON, UK – November 22, 2023 – Blackstone (NYSE: BX), the world’s largest alternative asset manager, announced today that private equity funds managed by affiliates of Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Civica, a global leader in public sector software solutions, from Partners Group, a leading global private markets firm, acting on behalf of its clients.

Education 111
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Top 5 Stocks the Smart Money Is Buying

The Motley Fool

Every quarter, hedge funds are required to file a 13-F showing their buys and sells for the quarter. These hedge funds handle huge amounts of money from some of the wealthiest people. Big money is what moves the market. In today's video, I will cover the top five stocks purchased by both hedge funds and investment firms in the latest quarter, with one being Microsoft (NASDAQ: MSFT).

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Vivodyne Raises $38M in Seed Financing

FinSMEs

Vivodyne, a Philadephia, PA-based biotech company, raised $38M in Seed funding. The round was led by Khosla Ventures, with participation from Kairos Ventures, CS Ventures, MBX Capital, and Bison Ventures. The company intends to use the funds to advance its discovery pipeline and clinically predictive AI stack, which identifies novel therapeutic targets and predicts patient […] The post Vivodyne Raises $38M in Seed Financing appeared first on FinSMEs.

Financing 109
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Sea Limited's Shopee Turnaround Remains a Work in Progress

The Motley Fool

Investors were delighted when Sea Limited 's (NYSE: SE) e-commerce business, Shopee, reported its first quarter of positive earnings before interest, tax, depreciation, and amortization ( EBITDA ) at the end of 2022, affirming the validity of its business model. But just three quarters after the company reached that significant milestone, Shopee plunged back into the red again in the third quarter of 2023, dashing investors' hope of continued profitability.

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Pathlight Capital appoints MD, Investor Relations

Private Equity Wire

Pathlight Capital (Pathlight), a $2.7bn private credit firm that provides asset-based loans secured on a first or second lien basis against tangible and intangible assets, has appointed Laura Hegarty as Managing Director, Investor Relations. Hegarty, who will focus on fundraising initiatives for the firm, has over 20 years of experience in business development, marketing and investor relations in the alternative asset industry and has helped raise billions of institutional capital across private

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Nvidia Proves It Is the Artificial Intelligence (AI) Leader, Period

The Motley Fool

Nvidia (NASDAQ: NVDA) released another blowout quarterly report last night, but the stock is dropping today. That's great news -- at least for those who want to get in on the massive, and ongoing, growth in sales of artificial intelligence (AI) memory chips. After Nvidia announced its fiscal 2024 third-quarter report last night, investors knocked the stock down by as much as 4.5% on Wednesday.

Investors 246
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AltAssets private equity deal roundup – November 22, 2023

AltAssets

McDonald’s has agreed to repurchase Carlyle’s 28% stake in its China, Hong Kong and Macau business, valuing it at $6bn. The CITIC Consortium, through its equity affiliate CITIC Capital, will maintain its controlling ownership stake. China is now McDonald’s second largest market, having doubled its restaurants to more than 5,500 since 2017. Partners Group has […] The post AltAssets private equity deal roundup – November 22, 2023 first appeared on AltAssets Private Equity News.

Stakes 92
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Travelers Can Save 30% or More on Select Expedia Hotel Bookings Made Through Nov. 29

The Motley Fool

Image source: Getty Images While many shoppers are in a hurry to save on electronics, clothes, and household essentials this Black Friday, those aren't the only deals you can score. For travelers, now is an excellent time to consider your upcoming vacation plans. Some travel booking websites offer additional discounts on reservations booked in the coming days, which could result in sizable savings.

Financing 245
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New Mountain Capital acquires Broadcast Music Inc

Private Equity Wire

New Mountain Capital (New Mountain), a growth-oriented investment firm with over $45bn in assets under management, is to acquire Broadcast Music, Inc (BMI), the music licensing agency that represents hundreds of thousands of songwriters, including Taylor Swift, Dolly Parton, Kendrick Lamar and Lady Gaga, Headquartered in New York, BMI secures royalties for its affiliates by offering licenses to businesses for the performing rights in 22.4 million musical works.

Capital 89
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5 Helpful Tips for Traveling by Train in Europe

The Motley Fool

Image source: Getty Images Trains are a comfortable and convenient way to travel around Europe. They're perfect for day trips from one town to another, as you can hop on a quick train instead of renting a car. They're also a good alternative to flying when traveling between major cities, such as Paris to Nice or Barcelona to Madrid. Prices are usually affordable, plus you can earn bonus rewards on train tickets with certain travel credit cards.

Debt 242
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Continuum adds two dealmakers to team

Private Equity Wire

Independent corporate advisory firm Continuum Advisory Partners (Continuum) has appointed two new Senior Managing Directors – financial services bankers Duncan Buck from Fenchurch Advisory Partners, and Andrew Gould from Deloitte. The new appointments mean the firm’s headcount has grown to 35 since it opening its doors earlier this year. Buck, who is set to take up is new position in early 2024, is a leading financial services banker with over 25 years’ M&A experience, with a focus primarily

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5 of the Best Cities to Buy a Home in 2024

The Motley Fool

Image source: Getty Images Home affordability is at a 40-year low as soaring home prices and high interest rates have forced many potential home buyers to leave the market. But for those still looking to buy right now and deciding which location is the best, some of the latest Zillow data, compiled by SmartAsset, could be helpful. The company says that there are a few places across the country where home values will rise the most through 2024, including: Rio Grande, Texas: Projected home value i

Debt 240
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Kinterra Capital digs up $565m to source renewables industry metals

AltAssets

Kinterra Capital has closed its debut fund at an oversubscribed $565m for investment in mining mineral assets and strategic infrastructure critical to supporting the global energy transition. The post Kinterra Capital digs up $565m to source renewables industry metals first appeared on AltAssets Private Equity News.

Capital 81
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Why Did DLocal Stock Drop 10% This Morning?

The Motley Fool

In this video, I will go over DLocal 's (NASDAQ: DLO) third-quarter earnings report. The company missed on both top and bottom lines and has announced that the current CFO is stepping down. This is still a high-growth stock but the outlook remains blurry. *Stock prices used were from the trading day of Nov. 21, 2023. The video was published on Nov. 22, 2023. 10 stocks we like better than DLocal When our analyst team has a stock tip, it can pay to listen.

Returns 147
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Citi to launch new private credit strategy in January 2024

Private Equity Wire

Citigroup is the latest bank targeting a slice of the booming $1.6tn private credit market with plans to launch a new direct-lending strategy in the first few weeks of next year, according to a report by Bloomberg. The report cites a person with knowledge of the matter as saying that the initiative would complement the bank’s existing broadly syndicated leveraged finance business and could involve teaming up with one or more outside partners that would provide capital for loans, which the bank w

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Kraken Is the Latest Crypto Exchange to Face SEC Charges. Are Any U.S. Platforms Safe?

The Motley Fool

Image source: Getty Images The Securities and Exchange Commission (SEC) continues to crack down on crypto. This week, it brought charges against Kraken, accusing the popular crypto exchange of acting as an unregistered securities exchange, broker, dealer, and clearing agency. It also claims Kraken commingled customer funds with its own cash, creating significant risks for its customers.

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Germany aims to boost innovation with €1bn fund of funds

AltAssets

The German government has reached a €1bn close of Wachstumsfonds Deutschland, or “Growth Fund Germany,” making it one of the biggest ever venture fund of funds in Europe. The post Germany aims to boost innovation with €1bn fund of funds first appeared on AltAssets Private Equity News.

Funds 78
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15 Best Black Friday Tablet Deals

The Motley Fool

Image source: Getty Images Offering the bigger screen of a computer and the slim convenience of a phone, tablets are the perfect devices for sofa scrolling and shopping. But getting a tablet with the features you need can come with a big price tag. Check out these Black Friday deals to upgrade your tablet without downgrading your finances. Apple tablet deals Many retailers have deals on Apple tablets right now.

Financing 147