Thu.Mar 28, 2024

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3 Big Social Security Changes in 2024 That May Surprise Many Americans

The Motley Fool

Recent data from the Census Bureau shows that Social Security kept about 29 million Americans out of poverty in 2022. That means it had a greater impact than every other anti-poverty program combined. But Social Security also plays an important role in helping Americans finance their retirement. In fact, the vast majority of retired workers depend on benefits to some degree, according to Gallup.

Taxes 246
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Arsenal Clubs Up On Poly-Wood Buy

Private Equity Professional

Arsenal Capital Partners and BayPine have partnered on the acquisition of Poly-Wood, a portfolio company of Mayfair Capital Partners, a division of Oxford Financial. Poly-Wood is a vertically integrated build-to-order manufacturer of recycled – from post-consumer and post-industrial sources – high-density polyethylene (HDPE) outdoor furniture and related products with more than 25,000 unique product options… This content is for members only.

Capital 242
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Matterport's CEO Says This Is How It Has Managed to Create a Product That Outshines the Competition

The Motley Fool

Matterport (NASDAQ: MTTR) is a leader in spatial data capture, but as devices get better, does it have a sustainable moat? In this video, Travis Hoium discusses exactly that with Matterport's CEO RJ Pittman. *Stock prices used were end-of-day prices of March 23, 2024. The video was published on March 27, 2024. Should you invest $1,000 in Matterport right now?

Returns 246
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L Catterton Invests in Storyteller Overland

Private Equity Professional

L Catterton has made an investment in Storyteller Overland, a maker of premium Class B RV and expedition vehicles. Storyteller’s vehicles, including MODE adventure vans and GXV HILT adventure trucks, are sold through more than 40 dealers located across the United States. In addition to its vehicle products, Storyteller sells adventure gear and related accessories… This content is for members only.

Investing 130
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Alphabet and Amazon Stocks Surge to All-Time Highs: Buy These "Magnificent Seven" Stars Now or Regret It Later

The Motley Fool

The inflation panic took the wind out of Wall Street's sails, especially where it crosses Silicon Valley in a proverbial sense. The stocks of tech titans Amazon.com (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) took a beating as investors backed away from growth-oriented ideas. Amazon's shares fell as much as 57% from its pre-panic record price.

Returns 246
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Percheron Doubles Up and Hard Caps Second Fund

Private Equity Professional

Percheron Capital has held an oversubscribed and hard cap close of its second fund, Percheron Capital Fund II LP, with $1.55 billion in commitments. Limited partners in Fund II include both new and returning university endowments, charitable foundations, pension funds, financial institutions, family offices and fund-of-funds. Percheron’s first fund, Percheron Capital Fund I LP, closed… This content is for members only.

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OEP Completes Carve Out of TechnipFMC’s Measurement Business

Private Equity Professional

One Equity Partners has completed the all cash $205 million acquisition of the measurement solutions business of publicly traded TechnipFMC. The business, which was rebranded at closing as Guidant, was part of TechnipFMC’s surface technologies segment and operates through three units: metering products; metering systems; and terminal management. Guidant’s metering products and systems include positive… This content is for members only.

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Why Novocure Stock Is Jumping Today

The Motley Fool

Shares of Novocure (NASDAQ: NVCR) were jumping 6.3% higher as of 11:15 a.m. ET on Thursday after rising as much as 9.2% earlier in the day. The nice gain came after the company announced results from a phase 3 study evaluating its Tumor Treating Fields (TTFields) therapy in treating patients with brain metastases from non-small cell lung cancer (NSCLC).

Returns 246
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Danny Kahneman: What if Everything is Narrative Fallacy?

The Big Picture

“Our comforting conviction that the world makes sense rests on a secure foundation: Our almost unlimited ability to ignore our ignorance.” – Daniel Kahneman The loss of Danny Kahneman is a reminder that we should review some of his work and apply them to the current market. I am fascinated by the idea of Narrative Fallacy (the term was actually coined by Nassim Taleb in “ The Black Swan “) and how it applies to pretty much ewverything.

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Missed Out on the Bull Market Recovery? 3 ETFs to Help You Build Wealth for Decades.

The Motley Fool

The market's been red hot of late. The S&P 500 is up 45% since the bear market ended in late 2022, and it is higher to the tune of 27% just since October 2023's low. Many investors were too nervous to dive in during this stretch, fearing renewed economic weakness was just around the corner. If you were one of these people, don't beat yourself up.

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Zilliant Raises $35M in Funding

FinSMEs

Zilliant, an Austin, Texas-based leader in pricing lifecycle management, received a $35m investment from Madison Dearborn Partners. The company intends to use the funds to accelerate product enhancements and other growth initiatives. Led by CEO Pascal Yammine, Zilliant provides a data science, cloud-native software platform for businesses to put pricing at the core of their […] The post Zilliant Raises $35M in Funding appeared first on FinSMEs.

Funds 117
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Prediction: This Will Be the Next "Magnificent Seven" Stock

The Motley Fool

The "Magnificent Seven" originally made the headlines as a Western back in 1960, but in recent times, it's entered the investing world. Bank of America analyst Michael Hartnett first used the term last year to refer to a group of stocks that are industry leading, each known for its strengths in some form of technology. These players, among the most heavily weighted in the S&P 500 , have helped the benchmark soar into bull territory over the past year or so and could continue to drive gains t

Prospects 246
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SydeLabs Raises $2.5M in Seed Funding

FinSMEs

SydeLabs, a San Francisco, CA-based security and risk management startup, raised $2.5M in Seed funding. The round was led by RTP Global with participation from Picus Capital and angel investors. The company intends to use the funds to expand operations and its development efforts. Founded by Ruchir Patwa and Ankita Kumari, SydeLabs offers solutions to […] The post SydeLabs Raises $2.5M in Seed Funding appeared first on FinSMEs.

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Here's the Biggest Social Security Benefit Retirees Can Get at Ages 62, 66, and 70

The Motley Fool

The Nationwide Retirement Institute reports that only 8% of surveyed adults can identify all the factors that determine the maximum Social Security benefit. That is problematic because Social Security is often the largest source of income in retirement, meaning benefits ultimately have a substantial impact on living standards for millions of Americans Read on to learn what retired workers must do to earn the maximum benefit and to see the biggest Social Security payout at ages 62, 66, and 70.

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Sprocket Security Raises $8M in Series A Financing

FinSMEs

Sprocket Security, a Madison, WI-based provider of an expert-driven offensive security platform, raised $8M in Series A funding. The round was led by Blueprint Equity, with participation from Capital Midwest Fund. Blueprint Equity’s Vice President John Bonhard, will join Sprocket’s Board of Directors. The company intends to use the funds to accelerate its platform development, […] The post Sprocket Security Raises $8M in Series A Financing appeared first on FinSMEs.

Financing 114
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This Company Owns 1% of All Bitcoin, but Is It Still a Buy?

The Motley Fool

With the price of Bitcoin (CRYPTO: BTC) soaring, it's no surprise that companies highly leveraged to the price of the cryptocurrency are also soaring. Case in point: MicroStrategy (NASDAQ: MSTR) is up more than 200% year to date, thanks in large part to its aggressive Bitcoin buying campaign that has ramped up significantly in 2024. MicroStrategy now owns 214,246 bitcoins, or slightly more than 1% of all Bitcoin that will ever exist.

Companies 246
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Midas Raises $8.75M in Funding

FinSMEs

Midas, a Berlin, Germany-based provider of a asset tokenization protocol, raised $8M in funding. The round was led by Framework Ventures, BlockTower and HV Capital, with participation from Cathay Ledger, 6th Man Ventures, Hack VC, GSR, Lattice Capital, Phaedrus, Theia Blockchain, Pareto, Axelar Foundation, Peer VC, FJ Labs, and Coinbase Ventures. The company intends to use the funds […] The post Midas Raises $8.75M in Funding appeared first on FinSMEs.

Funds 112
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Stock Split Watch: Is MicroStrategy Next?

The Motley Fool

With the recent news that the fast-casual restaurant chain Chipotle Mexican Grill plans a 50-for-1 stock split , many investors might wonder which publicly traded company could be next. MicroStrategy (NASDAQ: MSTR) , an enterprise software company that shifted its focus to buying and holding Bitcoin (CRYPTO: BTC) in 2020, could benefit from a split since its stock is trading close to $1,900 per share.

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FLock.io Raises USD $6M in Seed Funding

FinSMEs

FLock.io, a London, UK-based decentralised AI training and finetuning platform, raised USD $6m in seed funding. The round was led by Lightspeed Faction and Tagus Capital with participation from DCG, Volt Capital, OKX Ventures, and Inception Capital, among others. The company intends to use the funds to roll out its upgraded testnet and federated learning […] The post FLock.io Raises USD $6M in Seed Funding appeared first on FinSMEs.

Funds 110
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2 "Magnificent Seven" Stocks Could Join Forces to Create the Ultimate Artificial Intelligence (AI) Opportunity

The Motley Fool

Most of the world's largest tech companies are feverishly developing artificial intelligence (AI) and placing the technology at the center of their businesses. The "Magnificent Seven" companies -- which include Nvidia , Microsoft , Amazon , Meta Platforms , Tesla , Apple (NASDAQ: AAPL) , and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) -- are particularly active in the space.

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Celestial AI Closes $175M Series C Funding

FinSMEs

Celestial AI, a Santa Clara, CA-based creator of an optical interconnect technology platform, raised $175M in Series C funding. The round was led by Thomas Tull’s U.S. Innovative Technology Fund (USIT), with participation from new and existing investors including AMD Ventures, Koch Disruptive Technologies (KDT), Temasek, Temasek’s wholly owned subsidiary Xora Innovation, IAG Capital Partners, Samsung […] The post Celestial AI Closes $175M Series C Funding appeared first on FinSMEs.

Funds 109
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Can Celsius Stock Energize Your Portfolio?

The Motley Fool

Energy drink consumption has long been driven by younger male consumers, so, not surprisingly, companies like Monster Beverage (NASDAQ: MNST) have marketed mainly to this demographic. However, Celsius Holdings (NASDAQ: CELH) has also been able to draw in female consumers through its marketing efforts, offering flavors such as Peach Vibe and Watermelon and a formula designed to boost the human body's metabolism.

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MyShell Raises US$11M in Pre-Series A Funding

FinSMEs

MyShell, a decentralized AI consumer layer, raised US$11M in Pre-Series A funding. Backers included Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, Balaji Srinivasan, Illia Polosukhin, Casey K. Caruso, Santiago R. Santos, and angel investors, such as former Coinbase CTO Balaji Srinivasan, NEAR Protocol Co-Founder Illia Polosukhin, former Paradigm Investment Partner […] The post MyShell Raises US$11M in Pre-Series A Funding appeared firs

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3 Questions to Ask Yourself Before Buying an EV in 2024

The Motley Fool

Image source: Getty Images Buying an electric vehicle (EV) is a great way to do your part for the planet, but it's not a decision you want to make lightly. Though they can be cheaper in the long run, EVs take a serious toll on your wallet in the short term. They also have certain limitations at present that could make them a poor choice for some drivers.

Taxes 246
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Sanctuary AI Receives Investment From Accenture Ventures

FinSMEs

Sanctuary AI, a Vancouver, Canada, BC-based developer of humanoid general-purpose robots, received an investment from Accenture Ventures. The amount of the deal was not disclosed. The company intends to use the funds to expand operations and its development efforts. Led by CEO Geordie Rose, Sanctuary AI creates human-like intelligence in general purpose robots that will help people work […] The post Sanctuary AI Receives Investment From Accenture Ventures appeared first on FinSMEs.

Investing 107
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3 Cryptocurrencies to Buy Hand Over Fist in March

The Motley Fool

Many cryptocurrencies plunged in 2022 as rising rates, the collapses of high-profile exchanges and tokens, and regulatory threats drove investors toward safer investments. That "crypto winter" dragged on throughout the first half of 2023. But over the past 12 months, investors gradually pivoted back toward cryptocurrencies in anticipation of lower interest rates and a warmer macro environment.

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Vizcom Raises $20M in Series A Funding

FinSMEs

Vizcom, a San Francisco, CA-based company deploying AI for industrial design, raised $20M in Series A funding. The round was led by Index Ventures with participation from angel investors, including Kyle Parrish, VP of Sales at Figma, Steve Mallouf, VP of Sales at Datadog, Daniel Sturman, former CTO of Roblox, and Ayush Sood, Director of Engineering at Figma. […] The post Vizcom Raises $20M in Series A Funding appeared first on FinSMEs.

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5 Reasons for Seniors to Get a Sam's Club Membership

The Motley Fool

Image source: Getty Images Warehouse clubs are becoming increasingly popular as shoppers seek ways to reduce spending. The cost of groceries and everyday essentials have increased, so getting a deal by purchasing goods in bulk can feel like a win. But you'll need to get a membership to shop at Costco or Sam's Club. Even seniors can benefit from a Sam's Club membership.

Financing 246
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Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

FinSMEs

London, United Kingdom, March 28th, 2024, Chainwire Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed. CEO, Russell Bennett, forecasts a series of landmark announcements across Q2 and Q3, 2024. Commencing with the appointment of an advisory board. […] The post Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit ap

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Where Will Nvidia Be in 5 Years? A Year 4 Update to My 2020 Predictions

The Motley Fool

Nvidia (NASDAQ: NVDA) stock has been hot over the short and long terms. Shares of the artificial intelligence (AI) chip leader have returned a whopping 241% in just one year, and 21,320% over the 10-year period through March 27. (For context, the S&P 500 index returned 34% and 242%, respectively, over these periods.) Given these amazing performances, it's natural to wonder if it's too late to invest in Nvidia stock.

Legal 245
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What About 60/30/10 Instead of 60/40?

A Wealth of Common Sense

A reader asks: Ben always shares the long-run returns for stocks, bonds and cash. It’s essentially 10%, 5% and 3%. I know past is not predictive, blah, blah, blah but am well aware that cash has the lowest prospective returns of the main asset classes. Knowing this full well, I still want to keep 10% of my portfolio in cash in retirement so I can sleep at night.

Prospects 101
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Why MicroStrategy Stock Tanked by 11% on Thursday

The Motley Fool

The shorts are coming for MicroStrategy (NASDAQ: MSTR) , and investors reacted accordingly on Thursday -- well, at least one short seller, which made no bones about what it currently thinks of the tech company-turned- Bitcoin (CRYPTO: BTC) accumulator. As a result, MicroStrategy's share price fell at a double-digit rate, closing more than 11% lower.

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Apollo acquires $8bn of Credit Suisse loans from UBS

Private Equity Wire

Alternative asset manager Apollo Global Management has acquired $8bn of Credit Suisse (CS) loans from UBS as the Swiss bank continues to sell off non-core assets from its takeover of CS last year, according to a report by Alternative Credit Investor. UBS entered into an agreement with former rival CS to acquire its securitised products unit in 2022, with Apollo contracted to manage that division.

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Cathie Wood Thinks Nvidia Could End Up Like Cisco After the Dot-Com Crash. Here's the "Magnificent Seven" Stock That I'm More Worried About.

The Motley Fool

One of the most outspoken investors on Wall Street is Cathie Wood, the founder of ARK Invest. Wood is best known for making big bets in emerging areas of technology and healthcare. In a shareholder letter published earlier this month, she suggested that Nvidia (NASDAQ: NVDA) could end up like Cisco in the aftermath of the dot-com boom in the early 2000s.