The Motley Fool

JANUARY 20, 2024

Image source: Getty Images 2023 was a frustrating year for many Americans, with high inflation and rising interest rates. Many people depleted their savings and felt like they were falling behind in their personal finances. Economic experts called this the "vibecession" -- even though America was not in a recession , the economy's "vibes" were bad. People felt like the economy was terrible, even though unemployment was low and people were getting wage increases.

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The Big Picture

JANUARY 20, 2024

The weekend is here! Pour yourself a mug of coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: • The Downfall of Diddy Inc. : After months in court, Sean Combs withdrew his racially charged lawsuit against Diageo. A look inside that battle reveals the failed attempt of a fading hip-hop mogul—who’s been buffeted by charges of sexual assault—to salvage a crumbling business empire. ( Businessweek ) • America’s New Business Boom : Americans Have Been Forming New

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The Motley Fool

JANUARY 20, 2024

Inflation is an important economic indicator, and understanding its impact can help investors make more informed decisions. It's measured by the Consumer Price Index (CPI), which tracks the change in price of a basket of goods and services over time. The U.S. Federal Reserve is tasked with controlling inflation, which normally means a CPI increase of 2% each year.

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KKR

JANUARY 20, 2024

KKR continues to scale its strategic partnership with InVivo and Malteries Soufflet by more than doubling its investment as Malteries Soufflet acquires United Malt, creating the world’s largest maltster

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The Motley Fool

JANUARY 20, 2024

Social Security benefits first become available to you when you're 62. But you'll see lots of advice telling you not to start them so young. The problem is that if you begin your retirement benefits so early, you'll get a significantly reduced monthly payment compared to your standard benefit or the amount you'd be entitled to if you delayed. But while it's indeed true that you'll get a smaller monthly check due to early filing penalties, that doesn't mean you shouldn't begin your benefits then.

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KKR

JANUARY 20, 2024

New KKR Report Focuses on Role of Private Markets in Individual Investor Portfolios NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the release of “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime” by Paula Campbell Roberts, Chief Investment Strategist for Private Wealth. This is the first release in Investing for Wealth, a planned.

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KKR

JANUARY 20, 2024

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Scott C. Nuttall, Co-Chief Executive Officer, will present at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023 at 8:40AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For those.

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The Motley Fool

JANUARY 20, 2024

Social Security is a lifeline for millions of older adults, with more than 40% of baby boomers saying their benefits will be their primary source of retirement income, according to a 2023 report from the Transamerica Center for Retirement Studies. It's wise, then, to ensure you're doing everything possible to maximize your benefits. Several factors affect your benefit amount, including your earnings history, the length of your career, and the age at which you begin claiming.

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KKR

JANUARY 20, 2024

All Employees to Become Owners in the Company ST LOUIS, Mo. & NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that investment funds managed by KKR have acquired Potter Global Technologies (“Potter” or the “Company”), a leading manufacturer of fire and life safety equipment, from Gryphon Investors. KKR plans to support the Company in its continued growth.

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The Motley Fool

JANUARY 20, 2024

It's 2024, and the stock market has been fascinated with artificial intelligence (AI) for a full year now. Stocks seen as direct plays on the AI trend have skyrocketed, especially if they have an early lead in some subsector of the AI revolution. For instance, shares of AI-chip pioneer Nvidia (NASDAQ: NVDA) have more than tripled in 52 weeks. AI-based cybersecurity expert CrowdStrike Holdings (NASDAQ: CRWD) soared 177% higher over the same period.

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KKR

JANUARY 20, 2024

Closer Coordination and Alignment Expected to Further Accelerate Growth of Both KKR and Global Atlantic KKR Announces Other Strategic Initiatives to Benefit Shareholders KKR and Global Atlantic to Host a Conference Call at 10:00 a.m. EST NEW YORK & HAMILTON, Bermuda--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) and Global Atlantic Financial Group LLC (“Global Atlantic” or “GA”) today announced.

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The Motley Fool

JANUARY 20, 2024

Billionaire David Tepper runs Appaloosa Management, a hedge fund that has regularly outperformed industry peers and the broader stock market since it was founded in 1993. Indeed, Appaloosa beat the S&P 500 (SNPINDEX: ^GSPC) by 15 percentage points over the last three years. That suggests Tepper and his fund's investment choices are worth studying.

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KKR

JANUARY 20, 2024

Platform Will Focus on Technologies to Detect Lung Cancer, the Leading Cause of Cancer Deaths NEW YORK & MARLBOROUGH, Mass.--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced a new platform established with investments from KKR and Hologic, Inc. (Nasdaq: HOLX), a global leader in women’s health and medical technology innovator.

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The Motley Fool

JANUARY 20, 2024

Has anyone ever asked you to hand them a "Kleenex" instead of a tissue? It's incredible how some brands become so well known that their name often replaces the actual product they sell. In the case of coffee , it's almost a given that Starbucks is the first name that comes to mind. Whether or not you drink their coffee or eat their pastries, chances are that you walk or drive past several Starbucks locations each day.

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KKR

JANUARY 20, 2024

Zurich, 7 December 2023 – KKR, a leading global investment firm, today announced the opening of a new office in Zurich, Switzerland, solidifying its presence in one of the world's most important institutional and wealth management centers. The KKR office opens with individuals representing KKR’s Global Client Solutions team and will also serve as a Swiss base for investment professionals covering the DACH region.

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The Motley Fool

JANUARY 20, 2024

The past five years have been rewarding for Nvidia (NASDAQ: NVDA) investors. The semiconductor specialist's stock is a solid multibagger, turning a January 2019 investment of $1,000 into $14,550 as of this writing. NVDA data by YCharts. This terrific jump in Nvidia's stock price over the past decade can be attributed to the outstanding growth in the company's revenue and earnings.

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KKR

JANUARY 20, 2024

MENLO PARK, Calif., Dec. 7, 2023 /PRNewswire/ -- Ajax Health announced today the formation and funding of Cortex, a medical technology company developing an integrated mapping and ablation solution suite for the treatment of atrial fibrillation (AFib), the most common heart rhythm disorder, affecting more than 30 million patients worldwide. Cortex has raised $90 million in funding commitments led by KKR and Hellman & Friedman (H&F) with participation by other investors including AI Life

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The Motley Fool

JANUARY 20, 2024

Share prices of semiconductor giant Broadcom (NASDAQ: AVGO) gained a remarkable 91% in the past year, which may seem a tad surprising at first if we put the company's relatively slower growth in perspective. After all, Broadcom's revenue in its fiscal 2023 (which ended on Oct. 29, 2023) increased only 8% to $35.8 billion. Its earnings, on the other hand, increased 12% to $42.25 per share.

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KKR

JANUARY 20, 2024

NEW YORK--(BUSINESS WIRE)-- KKR today announced the appointment of Dane E. Holmes as Chief Administrative Officer (CAO), effective December 29, 2023. As CAO, he will join the firm’s leadership team and oversee and work with the existing leaders of a number of key functions, including KKR’s Human Capital, Communications, Marketing, Sustainability, and Citizenship teams.

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The Motley Fool

JANUARY 20, 2024

The advent of artificial intelligence (AI) in 2023 meant potent computer processing power was suddenly in high demand. This was a boon for semiconductor chipmaker Advanced Micro Devices (NASDAQ: AMD) , which produces high-performance chips well suited to AI. This hunger for AI products helped to drive the company's stock price from a 52-week low of $67.27 last January to a high of $151.05 by December.

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KKR

JANUARY 20, 2024

Henry McVey: Investors Should Approach Markets with a ‘Glass Half Full’ Lens NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released its 2024 Global Macro Outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).

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The Motley Fool

JANUARY 20, 2024

If you're nervous about saving for retirement, you're not alone. According to a recent survey from Bankrate, 56% of Americans said they feel behind on saving for retirement. In another survey, a third of Americans said they would need at least $1 million to retire comfortably, but 45% said it's unlikely they'll be able to reach that milestone. Saving for retirement isn't easy.

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KKR

JANUARY 20, 2024

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”). Concurrently with the sale, BMO purchased approximately $6.4 billion of senior notes.

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The Motley Fool

JANUARY 20, 2024

Palantir Technologies (NYSE: PLTR) has been a battleground stock since it went public in September 2020. Spurred by improving profitability and enthusiasm for its artificial intelligence (AI) initiatives, the company's share price has soared 141% over the last year. On the other hand, the stock is still down 57% from the high it reached shortly after its initial public offering.

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KKR

JANUARY 20, 2024

Paris, 18 December 2023 - Etche, KKR’s logistics real asset platform in France, has sold a portfolio of five assets located in the Lyon region, with a total area of approximately 29,000 square meters.

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The Motley Fool

JANUARY 20, 2024

Last year proved to be a good year for many tech stocks, with many reversing course from the drops they experienced in 2022. The tech-dominant Nasdaq Composite finished the year up 43%, outperforming the S&P 500 and Dow Jones. Despite the success tech stocks witnessed in 2023, there are a handful of stocks that I would still stock up on with no hesitation.

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KKR

JANUARY 20, 2024

NEW YORK--(BUSINESS WIRE)-- KKR today announced a monetization activity update for the period from October 1, 2023 to December 21, 2023. Based on information available to us as of today, with respect to the period through December 21, 2023, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $500 million.

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The Motley Fool

JANUARY 20, 2024

The World Economic Forum is underway in Davos, Switzerland, and many prominent government and business leaders are in attendance, including Amazon 's (NASDAQ: AMZN) CEO Andy Jassy. Fortune magazine's Alan Murray was at the conference as well and took the opportunity to speak with Jassy and ask him about business trends, specifically the top opportunity and the top challenge for the coming year.

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KKR

JANUARY 20, 2024

NEW YORK & HAMILTON, Bermuda--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) and The Global Atlantic Financial Group LLC (together with its subsidiaries, “Global Atlantic”) today announced the closing of the previously-announced transaction in which KKR is acquiring the remaining 37% of Global Atlantic, increasing KKR’s ownership to 100%. This press release features multimedia.

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The Motley Fool

JANUARY 20, 2024

There's a reason people are commonly advised to set themselves up with a decent amount of income in retirement. While some of your expenses, like commuting to an office, may disappear once you're no longer working, a lot of the bills you're facing as a member of the workforce might stay with you. For example, you'll still need a roof over your head as a retiree.

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KKR

JANUARY 20, 2024

Platform to help fill the knowledge gap around the alternatives landscape, which has long served as a barrier to private markets investing NEW YORK--(BUSINESS WIRE)-- Today, KKR, a leading global investment firm, unveiled “KKR Alternatives Unlocked,” a digital platform designed to empower financial advisors and their clients to better understand the alternatives investing landscape.

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The Motley Fool

JANUARY 20, 2024

In 2023, Wall Street enjoyed a truly stellar year. Although the ageless Dow Jones Industrial Average climbed to a record high, it was the 43% gain by the growth-stock-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) that stole the spotlight. Yet in spite of this sizable bounce from the 2022 bear market lows, the high-flying Nasdaq Composite remains more than 7% below its all-time high, which was set in November 2021.

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KKR

JANUARY 20, 2024

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the fourth quarter 2023 on Tuesday, February 6, 2024, before the opening of trading on the New York Stock Exchange. A conference call to discuss KKR’s financial results will be held on Tuesday, February 6, 2024 at 10:00 a.m. ET.

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The Motley Fool

JANUARY 20, 2024

The Nasdaq Composite (NASDAQINDEX: ^IXIC) is an index comprising about 3,500 stocks, many of which come from the technology and consumer discretionary sectors. To that end, the Nasdaq is often considered a benchmark for growth stocks because many of its components are on the cutting edge of various technologies and consumer trends, such as artificial intelligence, cloud computing, cybersecurity, and e-commerce.

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