The Motley Fool

APRIL 19, 2024

Shares of VinFast Auto (NASDAQ: VFS) slumped as much as 30% this week, according to data from S&P Global Market Intelligence. The Vietnam-based electric vehicle (EV) manufacturer reported poor growth and earnings for the first quarter of 2024, causing investors to sell off the stock. As of this writing, shares of VinFast Auto have fallen 96% from all-time highs set in late 2023 when it made its debut on the public markets.

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Private Equity Insights

APRIL 19, 2024

Ardian set to acquire over $1 billion of BCI’s private equity stakes amid market shifts and high interest rates. The transaction may close in the next few months, one of the people said, asking not to be identified discussing a confidential matter. The British Columbia fund, which manages the retirement savings of government workers in the Canadian province, was considering the sale of about $2 billion worth of Europe-focused investments and reducing its US positions to rebalance its portf

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The Motley Fool

APRIL 19, 2024

Badger Meter (NYSE: BMI) stock had soared by 16.7% for the week through Friday morning as the market digested the company's record-setting first-quarter results. What Badger Meter does The company generates around 85% of its revenues from selling utility water smart metering solutions, tools that enable utilities to more accurately measure their water and wastewater customers' usage, and bill them accordingly.

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Private Equity Insights

APRIL 19, 2024

Apollo Global Management has agreed to help finance the acquisition of British song investor Hipgnosis Songs Fund for $1.4bn by Nashville-based music company Concord, through the provision of debt and a minority indirect equity interest in the deal. Under the proposed terms of the transaction, Hipgnosis shareholders, who have yet to approve the acquisition, will get $1.16 per share in cash, representing a premium of about 32% on Wednesday’s closing price, based on current exchange rates.

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The Motley Fool

APRIL 19, 2024

Vertex Pharmaceuticals (NASDAQ: VRTX) is a growing pharmaceutical company with a robust cystic fibrosis (CF) business that generated nearly $10 billion in revenue last year. While there is still more room for the business to get bigger, Vertex is already at a sizable market cap of $100 billion. Does this stock have enough runway to generate significant returns and help you become a millionaire in the long run?

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Private Equity Insights

APRIL 19, 2024

Alternative asset management major Apollo Global Management has raised $35bn from Asian investors since implementing a plan to revamp its business in the region at the beginning of 2022. Under the leadership Matthew Michelini, the man tasked with reshaping Apollo’s Asia operation, the firm has focused on meeting client demand for more reliable private market yields, including credit and hybrid financing.

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FinSMEs

APRIL 19, 2024

Hatch, a NYC-based provider of AI-powered donor engagement solutions for nonprofits, raised $3M in Seed funding. The round was led by Differential Ventures with participation from Character, Howard Morgan, and angel investors. The company intends to use the funds to accelerate product development, grow its team, and expand its customer base. Hatch provides a ‘Giving Intelligence’ […] The post Hatch Raises $3M in Seed Funding appeared first on FinSMEs.

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The Motley Fool

APRIL 19, 2024

Meta Platforms (NASDAQ: META) introduced Meta AI on Thursday, and it's another easy-to-use artificial intelligence chatbot to compete with ChatGPT. But it's far easier to use, and every point of friction that's eliminated is a threat to OpenAI's once-dominant position. Travis Hoium covers the new product in the video below. *Stock prices used were end-of-day prices of April 18, 2024.

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FinSMEs

APRIL 19, 2024

Centrifuge, an onchain finance startup, raised $15m in Series A funding. The round was co-led by ParaFi Capital and Greenfield, with participation from Gnosis, IOSG Ventures, Modular Capital, Circle Ventures, Edessa Capital, ProtoCap, Re7 Capital, Scytale Digital, Skynet Trading, TRGC, Arrington Capital, Bloccelerate, Borderless Capital, Wintermute Ventures, Stake Capital, and The Spartan Group.

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The Motley Fool

APRIL 19, 2024

Image source: Getty Images So you submitted your tax return and heaved a big sigh of relief at having one unpleasant task in your life done with. But what if, weeks later, there's now a notice from the IRS sitting in your mailbox called a CP2000? At first, a CP2000 notice might seem like an audit -- but it's not. It's merely a notice from the IRS indicating that the information you entered on your tax return doesn't match the agency's records.

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FinSMEs

APRIL 19, 2024

Langdock, a Berlin, Germany-based provider of a platform empowering companies to leverage large language models (LLMs) while staying in control of their data, raised $3M in Seed funding. The round was led by General Catalyst alongside La Famiglia, with participation from Y Combinator, Rolf Schrömgens (Trivago), Hanno Renner (Personio), Johannes Reck (GetYourGuide), and Erik Muttersbach […] The post Langdock Raises $3M in Seed Funding appeared first on FinSMEs.

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The Motley Fool

APRIL 19, 2024

After enduring one of its worst performances since 2008, the Nasdaq Composite has turned things around, gaining 50% since the beginning of last year. After such a sharp move higher, some investors wonder if much upside remains. Yet a review of the data suggests the current market rally still has room to run. Since the storied index began trading back in 1972, every year after a market recovery begins, the tech-heavy index has risen 19%, on average.

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FinSMEs

APRIL 19, 2024

Xfactor.io, a San Francisco, CA-based provider of a comprehensive AI-powered revenue platform, raised $16M in Series A funding. The round was led by Accel and Xfactor.io CEO and Founder Mike Carpenter, with participation from Lightspeed and others. The company intends to use the funds to further enhance its product, prioritizing the enhancement of its AI capabilities to empower […] The post Xfactor.io Closes $16M Series A Funding appeared first on FinSMEs.

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The Motley Fool

APRIL 19, 2024

Wall Street is a bona fide long-term wealth creator, and few money managers know this better than Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. Since taking the reins at Berkshire nearly six decades ago, the appropriately named "Oracle of Omaha" has overseen a 4,913,549% aggregate return in his company's Class A shares (BRK.A) and practically doubled up the annualized total return, including dividends paid, of the broad-based S&P 500.

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FinSMEs

APRIL 19, 2024

Cape, an Arlington, VA-based privacy-first mobile carrier, raised $61M in funding. The round was led by A* and Andreessen Horowitz. XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures also participated. The company intends to use the funds to build a nationwide mobile network that provides premium wireless coverage which masks […] The post Cape Raises $61M in Funding appeared first on FinSMEs.

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The Motley Fool

APRIL 19, 2024

Warren Buffett took control of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965. He quickly shifted its focus from textiles to insurance, creating consistent cash flow in the form of insurance premiums, and he has invested that capital to great effect over the years. Berkshire stock has returned 19.8% annually under Buffett's leadership, nearly doubling the return of the S&P 500 (SNPINDEX: ^GSPC).

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FinSMEs

APRIL 19, 2024

VulnCheck, a Lexington, MA-based exploit intelligence company, closed its seed funding round at a total of $7.95m, with $4.75m in new funding. Backers included Sorenson Capital. The company intends to use the funds to accelerate growth and bolster product development for its offerings. Led by CEO Anthony Bettini, VulnCheck is an exploit intelligence company that […] The post VulnCheck Raises $7.95M in Seed Funding appeared first on FinSMEs.

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The Motley Fool

APRIL 19, 2024

With 61% gains racked up over the last 52 weeks, Caterpillar (NYSE: CAT) shares have outperformed the rest of the S&P 500 by a factor of nearly three -- and one analyst thinks this run's not done. On Tuesday, JPMorgan 's Tami Zakaria set a $435 price target on Caterpillar stock, making her the second-most-optimistic analyst on Wall Street. ( Jefferies ' Stephen Volkmann, with a $440 target price, has the current Street-high target for Cat.

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A Wealth of Common Sense

APRIL 19, 2024

How much money do you have to make to feel rich? It’s a subjective question. A lot depends on your lifestyle, where you live, how much you spend and save, your peer group, and your vulnerability to comparison. The comparison piece matters more than most are willing to admit. Wealth is relative. JP Morgan once said, “Comparison is the thief of joy.” It’s easy to say when you’re one of the weal.

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The Motley Fool

APRIL 19, 2024

More than any other big tech company, Microsoft (NASDAQ: MSFT) has been unabashedly aggressive in artificial intelligence (AI). It forged a partnership with OpenAI in 2019, investing $1 billion in the AI start-up when it needed a funding source, and it invested another $10 billion in OpenAI in early 2023, shortly after that company launched ChatGPT, bringing its grand total to an estimated $13 billion that it has invested in OpenAI.

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Sara Grillo

APRIL 19, 2024

One of the biggest fears that people have, when they are looking for a financial advisor, is this: “Is it truly impossible for an advisor to say wire themselves a few million dollars from a client’s account?” I’m going to answer that question in this blog about financial advisors stealing money and how to protect yourself. But before we get into it… Look, there are alot of schmucks out there hawking crap products disguised as financial advice.

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The Motley Fool

APRIL 19, 2024

The emergence of artificial intelligence (AI) over the past year has lit a fire under Taiwan Semiconductor Manufacturing (NYSE: TSM) , or TSMC, as it's often called. The stock is up 58% over the past 12 months, which has some investors wondering if it's run too far, too fast, with limited upside ahead. One Wall Street analyst believes the stock has further to run.

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Private Equity Wire

APRIL 19, 2024

The private equity sector has its sights set on the US National Football League (NFL), with several firms quietly preparing funds that would exclusively make NFL investments to comply with potential ownership pre-conditions, according to a report by the Financial Times. The report cites three unnamed people briefed on the matter as revealing that a special committee of NFL owners has been reviewing ownership policy since last summer.

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The Motley Fool

APRIL 19, 2024

Millions of us have 401(k) accounts , sponsored by our employers or former employers. And hundreds of thousands, if not millions, of us actually have accounts worth $1 million or more. That's not the norm -- millionaire accounts only made up about 1.8% of 401(k) accounts administered by Fidelity, for example. But Fidelity's recent 422,000 millionaire 401(k) accounts do show us how powerful a retirement saving tool 401(k)s can be.

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Private Equity Wire

APRIL 19, 2024

Arsenal Capital Partners, a private equity firm specialising healthcare and industrial companies, has expanded its team with the addition of Raymond Hill as an Operating Partner. In his new role, Hill will work within the firm’s healthcare team and will focus on pharmaceutical services investment themes and portfolio companies. Most recently, Hill served as Chairman and CEO of biopharmaceutical data provider CorEvitas.

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The Motley Fool

APRIL 19, 2024

Banking disruptor SoFi (NASDAQ: SOFI) has produced impressive growth recently. Since the beginning of 2020, its customer base has grown from less than 1.1 million to over 7.5 million. Its Galileo fintech platform has nearly quintupled in size, and overall revenue has climbed from $621 million in 2020 to more than $2 billion in 2023, with the company reaching profitability for the first time in the fourth quarter of last year.

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AltAssets

APRIL 19, 2024

20VC, the venture capital firm that launched off the success of the Twenty Minute VC podcast, is seeking $400m for its third flagship fund. The post Podcast-turned-venture firm 20VC is back with its largest fund yet first appeared on AltAssets Private Equity News.

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The Motley Fool

APRIL 19, 2024

When you dare to venture into what's perhaps the most speculative market of our time, you need to be mentally prepared for what's to come. Cryptocurrency investments are not for the faint of heart, nor are they for those who are intolerant of volatility as well as risk. If you habitually give in to your emotions during the market's fluctuations and run with the herd, losses are guaranteed.

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Private Equity Wire

APRIL 19, 2024

Pennsylvania-based lower middle market private equity firm Argosy Private Equity has acquired a controlling interest in Federal Rent-A-Fence, a temporary chainlink fence rental business catering to construction sites and for events. As part of the investment, Argosy has started executing its value creation plan alongside company management, according to a press release, which includes professionalising sales and marketing processes through digitisation and strategic planning, as well as building

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The Motley Fool

APRIL 19, 2024

If you are looking for big dividend yields, then a good place to start your search is the midstream segment of the energy sector. But don't blindly buy the highest yielders -- they can come with more risk than you expect. That's why you should probably avoid Energy Transfer (NYSE: ET) , which yields 8.1% at its current share price. But the 7% yield from Enterprise Products Partners (NYSE: EPD) and the 7.8% yield from Enbridge (NYSE: ENB) are both rock solid.

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Private Equity Wire

APRIL 19, 2024

Global private equity investment firm CVC will acquire a majority stake in World of Talents, an international platform of human resources companies specialising in bottleneck professions and talent management, from Belgian private equity firm Baltisse. As part of the agreement, Baltisse will reinvest a significant proportion of its proceeds from the deal, with World of Talent’s current senior management team all remaining invested.

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The Motley Fool

APRIL 19, 2024

Image source: Upsplash/The Motley Fool Electric cars are the future, so I signed on to finance my 2021 Toyota Corolla Hybrid last month. Hybrids aren't EVs, but right now? They're perfect. There are good reasons to invest in a hybrid car, even at a time when Tesla Model 3s are becoming price-competitive with some hybrids. It boils down to timing. Right now, EVs are going through puberty.

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Private Equity Wire

APRIL 19, 2024

Ahead of the Private Equity Wire Private Credit European Summit, Amit Bahri, Co-Head, Direct Lending Europe at Goldman Sachs Asset Management, talks to us about the early days of private credit, the tenets of GSAM’s senior direct lending strategy and playing devil’s advocate. Private Equity Wire (PEW): You started at Goldman Sachs in 2006 and made the transition to private credit in 2008, which is when direct lending really took off.

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The Motley Fool

APRIL 19, 2024

Super Micro Computer (NASDAQ: SMCI) , more commonly known as Supermicro, saw its shares skyrocket by 2,380% over the past three years. The server maker was also added to the S&P 500 this March and has a market cap of $57 billion. Yet Supermicro is still less valuable than its rival Dell Technologies (NYSE: DELL) , which has a market cap of $86 billion, currently leads the server market, and is expected to generate more than 6 times as much revenue as Supermicro in its current fiscal year.

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