Fri.Nov 24, 2023

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What's Going On With Alibaba Cloud?

The Motley Fool

Once a rising star among Alibaba's (NYSE: BABA) diversified businesses, Alibaba Cloud has fallen from grace lately, with revenue growth coming to a halt. And just when investors hoped that a complete spin-off of Alibaba Cloud from the group would rekindle growth and unlock shareholder value, the parent company's recent decision to cancel the spin-off further confused investors.

Prospects 260
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Blackstone-backed Prima seeks bids for minority stake in $1.1bn deal

Private Equity Insights

Prima Assicurazioni, an insurance start-up backed by some of the world’s largest private equity firms, is seeking indicative offers this week to bring in a new minority investor and raise fresh cash, two people close to the matter told Reuters. A deal could value Prima Assicurazioni, which sells online motor and home insurance policies supplied by third parties, at around 1bn euros ($1.1bn), one of the people said.

Bidding 130
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Trending Sources

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71% of Warren Buffett's $357 Billion Portfolio Is Invested in Just 4 Stocks

The Motley Fool

When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett weighs in on stocks or the U.S. economy, investors tend to pay close attention. That's because the Oracle of Omaha has a phenomenal investment track record. Since becoming CEO in the mid-1960s, he's led his company's Class A shares to an annualized return of 19.8% (as of Dec. 31, 2022), which is double the 9.9% annualized total return, including dividends, generated by the benchmark S&P 500 over the same timeline.

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Carlyle Acquires Majority Stake in GBTEC with Funding from €3bn CETP Fund

Private Equity Insights

Global investment firm Carlyle announced today a majority investment in GBTEC Software AG and affiliates (“GBTEC”), a leading provider of business process management (BPM) and governance, risk and compliance (GRC) software. GBTEC’s founder and CEO Gregor Greinke will remain the largest private shareholder and CEO of GBTEC. As part of the transaction, co-founder Marc-Oliver Stromberg and the extended GBTEC management team are reinvesting and investing respectively for significant stak

Stakes 130
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Warren Buffett-Led Berkshire Hathaway Sells Its Entire UPS Stake. Should You?

The Motley Fool

In Q3, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) sold $7 billion worth of public equity holdings , including its entire stake in United Parcel Service (NYSE: UPS). Let's look at how meaningful the sale was to Berkshire, its exposure to the transportation industry, and whether you should follow Berkshire's lead and sell the dividend stock too. Image source: Getty Images.

Stakes 246
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My Sacreligious Personal Finance Beliefs

A Wealth of Common Sense

Personal finance was my first love in the money world. I was a saver before I ever knew what investing even was. Yet my relationship with personal finance has evolved as I’ve aged and changed my habits. Many of the personal finance rules written in stone will always apply. Live below your means. Pay yourself first. Stay out of credit card debt.

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Exponent opens Dublin office

Private Equity Wire

European private equity firm Exponent has chosen Dublin as the location for its new operational base after deciding to utilise Ireland’s newly revised Investment Limited Partnership (ILP) structure to allow its Irish business to operate as an Alternative Investment Fund Manager (AIFM). The Dublin office at 39 Merrion Square, will be led by Jacqueline Flynn, who joins the firm as Operations Director from BlackRock where she most recently served as Chief Operating Officer for its Irish operations.

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1 Small Chip Stock Near Multi-Decade Lows -- Can It Rocket Higher From Here?

The Motley Fool

After some shuffling of its business in the last couple of years, small IoT (Internet of Things) chip stock Semtech (NASDAQ: SMTC) has fully completed a boom-to-bust cycle. After nearly doubling in value from 2020 to late 2021, Semtech stock is now down more than 80% from those late 2021 all-time-highs and remains near multi-decade lows. Management is predicting sales to remain relatively stable in the next quarter, but profit margins to dip further as global economic worry mounts.

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German tech investor Nordwind Growth closes debut fund under initial target at €145m

AltAssets

Technology-focused investor Nordwind Growth has hit what it says is a hard cap of €145m for its debut NC Growth Fund I. The post German tech investor Nordwind Growth closes debut fund under initial target at €145m first appeared on AltAssets Private Equity News.

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There's Less Than 2 Weeks to Make Changes to Your Medicare Coverage. Here's What to Do Before Dec. 7.

The Motley Fool

Healthcare tends to be a major expense for seniors. And paying for it without stress often hinges on having the right Medicare coverage in place. If you're not so happy with your current Medicare coverage, you're in luck. Right now, the program's annual open enrollment period is underway. During this time, you can switch from one Part D drug plan to another or swap an existing Medicare Advantage plan for a new one that may offer better benefits or be more cost-effective.

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PE-backed insurer Prima to sell minority stake in $1.1bn deal

Private Equity Wire

Prima Assicurazioni, an insurance start-up backed by some of the world’s largest private equity firms including Blackstone, is looking to sell a minority stake to an investor to raise fresh cash for the business, according to a report by Reuters. The report sites two unnamed sources close to the matter as revelling that a deal could value Prima Assicurazioni, which sells online motor and home insurance policies supplied by third parties, at around €1.1bn.

Stakes 85
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4 Reasons to Avoid a 401(k) for Your Retirement Savings

The Motley Fool

You've certainly heard its praises. Indeed, the 401(k) retirement account has been hailed as a game-changer since its inception over 40 years ago, establishing an effective means of saving for retirement once pension plans were no longer up to the task. Such employer-sponsored plans aren't necessarily your best first choice for building a retirement fund, however.

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Veteran RLH Equity Partners exec replaces co-founder as CEO

AltAssets

RLH Equity Partners, a private equity firm specialising in tech-infused professional services enterprises, has named veteran employee Rob Rodin as its new CEO, replacing co-founder Chris Lewis. The post Veteran RLH Equity Partners exec replaces co-founder as CEO first appeared on AltAssets Private Equity News.

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Is Bloom Energy Stock a Buy?

The Motley Fool

Bloom Energy (NYSE: BE) has been a leader in the hydrogen energy business for years, but it hasn't gotten nearly the attention of some of its more vocal rivals. Plug Power (NASDAQ: PLUG) , in particular, was a market darling at a time when Bloom could barely get investors' attention. That has changed recently as Bloom Energy slowly but surely grows revenue and gets closer to profitability.

Investors 246
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Astorg makes Sofico investment

Private Equity Wire

European private equity firm Astorg, is to acquire a 51% stake in Sofico, a provider of software solutions & services for the automotive leasing and mobility industry, with company founders Gémar Hompes and Piet Maes and investor Apheon, all significantly reinvesting in the business. Astorg says it will actively support the acceleration of Sofico’s development, organically and through M&A.

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Do the Rich Have to Worry About When They Claim Social Security?

The Motley Fool

Millions of seniors today collect a monthly benefit from Social Security. And without those benefits, a lot of older Americans would no doubt be plunged into poverty in the absence of having savings. It's for this reason that it's so important to file for Social Security strategically. The filing age you land on will help determine how much monthly income you get from Social Security on a lifetime basis.

Stakes 246
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Venture capital funding is nosediving despite ongoing tech industry strength

AltAssets

Venture capital funding across the globe has fallen massively across the globe year-on-year despite tech stocks holding strong in the high-interest rate environment. The post Venture capital funding is nosediving despite ongoing tech industry strength first appeared on AltAssets Private Equity News.

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Has Palantir Become the Best AI Stock to Buy?

The Motley Fool

Artificial intelligence (AI) can improve the growth prospects of many industries. One function that it can help with in particular is data analysis, and that can aid virtually any type of business. A company at the center of both data analysis and AI is Palantir Technologies (NYSE: PLTR). Its phone has been ringing off the hook with companies interested in how AI can help enhance their products and services through Palantir's AI platform (AIP).

Prospects 246
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Boots offloads £4.8bn pension scheme to Legal & General

Financial Times M&A

Deal could pave way for sale of pharmacy chain

Legal 127
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3 No-Brainer Warren Buffett Stocks to Buy Right Now

The Motley Fool

Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owns dozens of stocks in its massive and closely watched portfolio, many of which were selected by CEO Warren Buffett himself. Here are three in particular that look interesting -- they aren't the cheapest stocks in Berkshire's portfolio, but they are excellent businesses that are worth a look for patient long-term investors.

Banks 246
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Kiteworks Acquires Maytech

FinSMEs

Kiteworks, a San Mateo, CA-based data privacy and compliance company for sensitive content communications through its Private Content Network, acquired Maytech, a London, UK-based company that offers data file transfer solutions. The amount of the deal was not disclosed. The acquisition fosters innovation efforts by combining technological expertise and shared resources.

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Why Fisker Stock Popped Friday

The Motley Fool

Fisker (NYSE: FSR) shares have had a turbulent week. It's ending the week on a high note, though. After popping as much as 10.4% Friday morning, shares of the electric vehicle (EV) maker are holding on to a 4.5% gain as of 12:20 p.m. ET. Yet, the stock is still down more than 20% over just the past five trading days. Investors began to worry after the company delayed the release of its third-quarter report due to the timing of the replacement for its recently departed chief accounting officer.

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Morgan Housel: Betting on the things that never change

The Reformed Broker

We did a surprise Thanksgiving podcast drop and had our friend Morgan Housel on the show to talk about the big idea behind his new book, ‘Same As Ever‘ We get into some stuff on the responsibility of a board director, the way investors overweight bad news versus good news, the not-so-aligned incentives of the financial media and so much more.

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Nvidia and Microsoft Have Invested in This AI Company That Is Beating Google, Meta Platforms, and Other Tech Giants

The Motley Fool

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT). 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 Nov. 22, 2023. The video was published on Nov. 23, 2023. 10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen.

Companies 245
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Jeff Zucker hits out at rival Telegraph bidders and offers guarantees to UK

Financial Times M&A

Former CNN boss accuses other media groups of ‘slinging mud’ at his Abu Dhabi-backed deal

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Is Nvidia Stock a Buy Now?

The Motley Fool

Nvidia (NASDAQ: NVDA) posted its latest earnings report on Nov. 21. For the third quarter of fiscal 2024, which ended on Oct. 29, the chipmaker's revenue surged 206% year over year to $18.12 billion and exceeded analysts' expectations by $2.01 billion. Its adjusted EPS skyrocketed 593% to $4.02 and cleared the consensus forecast by $0.63 per share. Nvidia's growth rates were astounding, but its stock price dipped after the report.

Investors 245
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Lafarge Canada Invests In EXACT Technology

FinSMEs

EXACT Technology Corporation, a Toronto, Canada-based company offering digital solutions for the concrete industry, received an investment from Lafarge Canada. A group of leaders in business, technology, real estate and entrepreneurship have also joined the investment round, including Jeffrey Kimel (President, Harlo Capital) and Michael Katchen (Co-founder and CEO, Wealthsimple).

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Apple Stock: Headed to $240?

The Motley Fool

Apple's shares (NASDAQ: AAPL) have had an astounding year, with an increase of over 45% in 2023. Despite such a significant gain, many analysts believe the stock still has room to grow. Indeed, of almost 40 analysts covering the stock, most recommend buying shares at the current level. Among some of the most optimistic Apple analysts is Ivan Feinseth, a financial analyst at Tigress Financial.

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Factbird Receives $16M Investment

FinSMEs

Factbird, a Copenhagen, Denmark-based tech company providing manufacturing intelligence solutions, received an investment of $16M from Expedition Growth Capital and EIFO. The company intends to use the funds for its international expansion after its 2021 separation from consulting firm Emendo Consulting Group as an independent tech company. Factbird is a tech company providing manufacturing intelligence […] The post Factbird Receives $16M Investment appeared first on FinSMEs.

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2 Soaring Stocks I'd Buy Now With No Hesitation

The Motley Fool

Artificial intelligence (AI) has become a buzzword in 2023 and for good reason. According to research from the McKinsey Global Institute, generative AI has the potential to increase global corporate profits by $4.4 trillion annually. Unsurprisingly, AI stocks also stand to benefit dramatically in the case of a potential bull market. Although no one can definitively tell whether we are currently in a bull market or not, investors focused on generating long-term wealth can consider buying small po

Prospects 242
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S&P Global expecting increase in debt rating business

Private Equity Wire

S&P Global Inc is expecting to see an increase in revenue from rating private debt financings as investors look for more information about the risks their money managers are taking on, according to a report by Bloomberg. The report cites Bloomberg’s Chief Financial Officer Ewout Steenbergen as saying that with Preqin data showing that the private credit market has grown from $500bn at the end of 2015 to £1,6tn today, and with most of that growth coming in terms of past few years, most

Debt 63
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3 Stocks That Could Make You Rich

The Motley Fool

Investing in growth stocks is generally seen as a pathway to riches. However, this category of stocks come with a good dose of risk. Growth stocks have witnessed significant erosion of capital in recent times, especially during times of overall economic or market uncertainty. So instead of investing only in growth stocks, a better strategy might be to add some value or income-generating (aka dividend ) stocks to a growth mix.

Banks 242
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BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge

FinSMEs

DUBAI, UAE, November 22nd, 2023, Chainwire On November 19, 2023, BNB Chain, the community-driven blockchain ecosystem, saw its highest traffic rates since May of 2022 with transactions exceeding 9.5M for the day. More than 7M of the 9.5M daily transactions were attributed to inscription minting transactions on BNB Smart Chain (BSC). The 1-year high […] The post BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge appeared first on FinSMEs.

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The Biggest Social Security Mistake Most People Don't Even Realize They're Making

The Motley Fool

Social Security can be complex and confusing, and if you're not entirely sure how every aspect of the program works, you're not alone. Only around 40% of adults age 50 and older say they're confident or very confident in their Social Security knowledge, according to a 2023 survey from the Nationwide Retirement Institute, and around 1 in 10 say they're not at all confident.

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