Thu.Sep 05, 2024

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Social Security's 2025 Cost-of-Living Adjustment (COLA) Looks Like Bad News and Worse News for Retirees

The Motley Fool

Each year, Social Security benefits get a cost-of-living adjustment (COLA) to help retired workers and other recipients keep up with rising prices. The Social Security Administration will announce the official 2025 COLA on Thursday, Oct. 10, shortly after the Labor Department publishes September inflation data. Unfortunately, all evidence suggests the 2025 COLA will be a combination of bad news and worse news for Social Security recipients.

Education 246
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American Automation Group Launched by LFM

Private Equity Professional

Nashville-based private equity firm LFM Capital has launched American Automation Group (AAG) as a new platform investment, acquiring Southern Tooling , Inc. and Tuttle, Inc. as its first two companies. Southern Tooling specializes in designing, building, and integrating automated equipment, robotic controls, and programmable logic controllers (PLCs) used in the medical, automotive, and industrial sectors.

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Billionaire Ray Dalio's Former Hedge Fund Is Buying These 3 Top Dividend Stocks. Should You?

The Motley Fool

Savvy investors often look to billionaire portfolios for quality dividend stock ideas. Ray Dalio, founder of Bridgewater Associates, has a stellar reputation for spotting promising investments. Despite Dalio's retirement in 2022, his influence remains evident in the hedge fund's recent moves. In the second quarter of 2024, Bridgewater Associates purchased shares of three tier 1 dividend stocks: ExxonMobil (NYSE: XOM) , Medtronic (NYSE: MDT) , and Microsoft (NASDAQ: MSFT).

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Blasting Media Maker Acquired by Speyside in $45 Million Carveout

Private Equity Professional

Speyside Equity Advisers has completed the $45 million carveout of Reed Minerals from publicly traded Enviri Corporation (formerly Harsco Corporation). Reed Minerals is a provider of abrasive blasting media used for surface preparation and roofing granules for roofing shingle manufacturing. The company’s abrasive products, sold under the Black Beauty brand, are known for their low dusting and low free silica attributes.

Legal 130
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3 Signs You Should Not Set Foot in Your Local Aldi

The Motley Fool

Image source: Upsplash/The Motley Fool Shopping at Aldi could be a good way to save money on your grocery bills. Aldi is known for its competitive prices. And if you have a larger household, buying food at Aldi could be a less expensive way to keep your fridge stocked. But Aldi isn't necessarily the best grocery store for everyone. Here are a few signs you shouldn't shop there. 1.

Financing 246
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Turnspire Carves Pharmachem from Ashland

Private Equity Professional

Turnspire Capital Partners has completed its acquisition of the nutraceuticals business from specialty chemicals company Ashland, Inc. The Ashland unit will now operate under the name Pharmachem Innovations. Pharmachem Innovations (no URL is yet available) offers a broad portfolio of nutritional ingredients and custom formulation services to companies in the health and wellness sectors.

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Is the Stock Market Tipping Over?

A Wealth of Common Sense

The OG financial blogger Barry Ritholtz joined me on the show this week to discuss questions about what the next recession will look like, creating an investment plan for a banker with cash on the sidelines, paying down a low interest rate mortgage and how to sell your automobile. Further Reading: The Minsky Market 1It’s pretty obvious but red for losses of 2% or worse and green for gains of 2% or more. 2All 3 have.

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Intel's Lunar Lake Looks Like a Home Run

The Motley Fool

If there's any company that needs a big win right now, it's ailing semiconductor giant Intel (NASDAQ: INTC). Fresh off a disastrous earnings report that sent the stock tumbling and raised questions about the company's long-term strategy, Intel could have an ace up its sleeve with Lunar Lake. Massive battery life gains Intel launched its Meteor Lake laptop chips last year, which included built-in AI accelerators and improved power efficiency.

Returns 246
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MirrorWeb Raises $63M of Growth Capital from Mainsail Partners

Mainsail

Investment to support product innovation and customer success, helping financial services firms meet their digital communications archiving and regulatory compliance needs Austin, TX – September 05, 2024 – MirrorWeb , a leader in the digital communications archiving, supervision, and surveillance software space, today announced a $63 million growth equity investment from Mainsail Partners.

Capital 98
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1 Wall Street Analyst Thinks Boeing Stock Is Going to $119. Is It a Sell?

The Motley Fool

Wells Fargo analyst Matthew Akers shocked the market this week when he dropped his price target on Boeing (NYSE: BA) to $119 (down from $185) and cut his rating to underweight from equalweight. The new target represents a 26% discount to the current price. Should investors take Akers' update as valid and consider selling the stock? Boeing gets a downgrade An analysis of Akers' report suggests his reasoning is sound, and there are serious questions about Boeing's free cash flow ( FCF ).

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Baird Capital exits ecube investment

Private Equity Wire

Baird Capital has sold its investment in end-of-life aircraft services provider, ecube Solutions Limited (ecube), to Unical Aviation Inc (Unical), an aftermarket parts supplier to the global aerospace industry backed by Platinum Equity. From locations in St Athan, Wales, Arizona, US, and Castellon, Spain, ecube has grown to become the world’s leading end-of-life aircraft service provider, supporting Circular Economy demands through the re-use and recycling of critical components.

Capital 97
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Prediction: This Beaten-Down Artificial Intelligence (AI) Stock Is About to Go Parabolic. Here's Why.

The Motley Fool

Investors in artificial intelligence (AI) can't seem to get enough of big tech companies in the " Magnificent Seven. " Even other stocks in the sector such as Super Micro Computer , Broadcom , and Taiwan Semiconductor have started to emerge as more-mainstream choices in the AI realm. One stock that was once flying high but has since lost altitude during the past several months is computer maker and data-storage company Dell Technologies (NYSE: DELL).

Prospects 246
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Saudi Arabia, Asia-focused AI investor SparkLabs seals $50m fund close

AltAssets

Startup accelerator and venture capital investor Sparklabs has raised $50m for a new fund dedicated to AI investments across the globe. The post Saudi Arabia, Asia-focused AI investor SparkLabs seals $50m fund close appeared first on AltAssets Private Equity News.

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The State of the AI Arms Race

The Motley Fool

Jeremy Kahn is the AI editor at Fortune Magazine and the author of the new book Mastering AI: A Survival Guide to our Superpowered Future. In this podcast, Motley Fool employee Alex Friedman caught up with Kahn to talk about the current AI landscape. They also discuss: Bill Gates' initial hesitancy to invest in OpenAI. Where LLMs go from here. Developments in biotech.

Education 246
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Park Square secures €3.4bn for new private credit fund

Private Equity Wire

Park Square Capital, a European private credit specialist, has successfully raised €3.4bn ($3.8bn) for its latest direct-lending fund, European Loan Partners II, which will lend to private equity-owned mid-market businesses across Europe, according to a report by Bloomberg. The report quotes the firm’s managing partner Robin Doumar as confirming that the new fund includes a joint venture with Sumitomo Mitsui Banking Corp.

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1 Chart Shows Why Nvidia Is Still the Best "Magnificent Seven" Stock to Own

The Motley Fool

Nvidia (NASDAQ: NVDA) has dominated stock market headlines over the last year, and for good reason. The inventor of graphics processing units (GPUs) is leading the AI revolution as its chips have been in high demand ever since OpenAI unveiled ChatGPT in late 2022. Nvidia's revenue has grown triple digits in each of its last five quarters, and the stock has jumped over 600% since the start of 2023, despite its recent pullback.

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Petershill sells hedge fund stake for up to $258m amid valuation concerns

Private Equity Wire

Goldman Sachs’ private equity investment firm, Petershill Partners, has sold an 18% stake in hedge fund LMR Partners for up to $258m in a move aimed at addressing investor concerns about the accuracy of the firm’s asset valuations, according to a report by The Times. Listed investment vehicle Petershill, which is majority-owned by Goldman Sachs, stated that the sale price was “marginally above” the $195m valuation of the stake at the end of last year.

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Down Nearly 50% From Its 52-Week High, Is CRISPR Therapeutics a Steal of a Deal?

The Motley Fool

There was a lot of hype and excitement around gene-editing company CRISPR Therapeutics (NASDAQ: CRSP) last year after it obtained approval for its first product, Casgevy. But that excitement has largely waned, and investors appear to have moved on from the stock. Year to date, shares of CRISPR are down 24%, and it is nowhere near its 52-week high of more than $91.

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Warburg Pincus raises more than double its target with $4bn-plus close of first structured capital fund

AltAssets

Private equity major Warburg Pincus has raised more than $4bn for its debut structured investment fund, more than double its initial $2bn target. The post Warburg Pincus raises more than double its target with $4bn-plus close of first structured capital fund appeared first on AltAssets Private Equity News.

Capital 93
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Better Stock-Split Buy: Nvidia vs. Super Micro Computer

The Motley Fool

Investors love a good stock split, and here's why. While these maneuvers don't change the value of a company, they do bring down the per-share price of high-flying stocks, making the purchase of full shares more accessible to a broader range of investors. In a 10-for-1 stock split of a stock trading for $1,000, for example, you would only have to invest $100 to get a share of the company post-split.

Returns 246
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Springcoast Capital brings in ex-Oaktree IR specialist Spreadlove as its first investor relations head

AltAssets

Growth equity firm Springcoast Capital Partners has named former Oaktree Capital managing director Jennifer Spreadlove as its first head of investor relations. The post Springcoast Capital brings in ex-Oaktree IR specialist Spreadlove as its first investor relations head appeared first on AltAssets Private Equity News.

Capital 91
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1 Vanguard ETF That Could Soar 37.1% Before the End of 2024, According to a Select Wall Street Analyst

The Motley Fool

Wall Street analysts don't always make accurate predictions, but Tom Lee from Fundstrat Global Advisors has put together a string of impressive calls over the last couple of years. He said the S&P 500 index would hit 4,750 in 2023, and it closed the year at 4,769. He then predicted the S&P would hit 5,200 in 2024, which was the most bullish target on Wall Street at the time, and it surpassed that level within the first three months.

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3 Things You Don’t Know About Josh

The Big Picture

I have known Josh for nearly 15 years. Despite his writing in public that entire time, hosting two weekly shows on our YouTube channel , and showing up on CNBC three times a week, you don’t know him. Public persona aside, he is surprisingly private. I know him as well as anyone besides Sprinkles and maybe Batnick. I am going to share three things about Josh that you don’t know.

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Here's Why It's Time to Follow Warren Buffett and Sell Apple Stock

The Motley Fool

Apple (NASDAQ: AAPL) used to be an outsize position of Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Although it's still his largest by a decent margin, recent sales of the stock may have some investors questioning whether this will last for much longer. Berkshire has been dumping Apple stock quarter after quarter and now has less than half of its Apple shares remaining.

Taxes 246
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Bregal Sagemount brings in $800m for private credit fundraise

AltAssets

New York-based buyout house Bregal Sagemount has raised almost $800m for its new fund targeting opportunistic credit and direct lending deals. The post Bregal Sagemount brings in $800m for private credit fundraise appeared first on AltAssets Private Equity News.

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The Best Warren Buffett Stock to Buy With $300 Right Now

The Motley Fool

Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) , Warren Buffett's holding company, owns several dozen publicly traded companies. It's a wise move to start tracking this portfolio. Because Buffett is such a long term investor, there aren't as many changes to the portfolio as you'd typically expect. But there was a recent purchase worth several billion dollars that deserves attention.

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Deal Roundup: Baird seals ecuve sale to Platinum portfolio company, Windrose buys into AI virtual care assistant

AltAssets

Baird Capital’s private equity team has sold end-of-life aircraft services provider ecube to Platinum Equity-backed trade buyer Unical Aviation. The post Deal Roundup: Baird seals ecuve sale to Platinum portfolio company, Windrose buys into AI virtual care assistant appeared first on AltAssets Private Equity News.

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Why SoFi Stock Is on Fire

The Motley Fool

SoFi 's (NASDAQ: SOFI) shares bounced recently on news that student loans wouldn't be forgiven on a mass scale. That's great for the company's business, and Travis Hoium goes through why in this video. *Stock prices used were end-of-day prices of Aug. 30, 2024. The video was published on Sept. 3, 2024. Should you invest $1,000 in SoFi Technologies right now?

Returns 244
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Thomas Cook acquired by Polish travel group eSky

Financial Times M&A

Chinese conglomerate Fosun selling former storied brand five years after its collapse

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Is Intel's Foundry Business in Trouble?

The Motley Fool

An exclusive report from Reuters on Wednesday appeared to paint a picture of turmoil at Intel 's (NASDAQ: INTC) nascent foundry. According to multiple sources, test wafers for semiconductor giant Broadcom that had run through Intel's upcoming Intel 18A manufacturing process came back flawed enough for Broadcom to conclude that Intel 18A was not ready for high-volume production.

Returns 244
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Unilever agrees sale of Russia business to Arnest

Financial Times M&A

Planned exit awaits state approval and would mark a major U-turn for FTSE 100 consumer goods giant

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Working While on Social Security? This 1 Rule Could Reduce Your Benefit by $368 per Month or More

The Motley Fool

Social Security can go a long way in retirement, but for many older adults, it's not enough to make ends meet. Whether your savings are falling short or you simply want to extend your career, working in retirement can be a smart way to maximize your income. However, if you're working while collecting benefits, there's a sneaky rule that could affect the size of your checks.

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Owner of 7-Eleven rejects $39bn cash offer from Couche-Tard

Financial Times M&A

Japanese company says Canadian rival ‘grossly undervalues’ group with proposal of close to $15 per share

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Could This Be the Catalyst Novavax Needs to Get Its Stock Rallying Again?

The Motley Fool

Struggling biotech Novavax (NASDAQ: NVAX) was a hot buy a few years ago as it was in the midst of developing a vaccine for COVID-19. Ultimately, it did produce an approved vaccine, but it was a bit late and did not end up generating nearly as much in revenue as it could have if it had obtained approval much earlier. And since 2022, a sell-off has ensued, with the stock losing more than 91% of its value.

Prospects 243