The Motley Fool
JUNE 23, 2023
Oil prices have fallen more than 10% this year. That's a surprise, given the strength in demand and the weakness in supplies. Those fundamental factors lead many oil market experts to believe oil prices will eventually rebound. One of those oil market bulls is EOG Resources (NYSE: EOG) COO Lloyd Helms. He recently told attendees at an industry conference that higher oil prices seem inevitable.
Private Equity Insights
JUNE 23, 2023
The business, which owns book retailers Foyle’s and Waterstones, has reportedly said it would be interested in buying Reiss for upwards of £500m from Next and its other shareholder private equity firm Warburg Pincus, Sky News reported. However, the publication said that it was unclear on Wednesday (21 June) whether Elliott would table a formal bid for the retailer.
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The Motley Fool
JUNE 23, 2023
Content delivery network provider Cloudflare (NYSE: NET) is still growing at a brisk pace, but the company has experienced a meaningful slowdown this year. Part of the problem is the economy. As economic uncertainty ramps up, businesses big and small are becoming increasingly cautious with their spending. Another issue is Cloudflare's sales operation.
PE Hub
JUNE 23, 2023
Under GPP, Valenz completed eight tuck-in acquisitions, including Kozani Health in 2021. The post Rise of self insurance fueled growth at Valenz before sale to Kelso appeared first on PE Hub.
The Motley Fool
JUNE 23, 2023
What happened Shares of Lumen Technologies (NYSE: LUMN) are losing ground this week. The telecom company's share price was down 18.7% from the previous week's market close as of 10:45 a.m. ET Friday, according to data from S&P Global Market Intelligence. Following some hotter-than-expected economic data, investors became concerned that the Federal Reserve will return to raising interest rates.
PE Hub
JUNE 23, 2023
Private Equity International’s Carmela Mendoza led a riveting conversation with Lenna Koszarny, founding partner and CEO of Horizon Capital, a PE firm that invests in tech companies in Ukraine. The post Horizon Capital’s Lenna Koszarny shares insights on doing deals in Ukraine amid war appeared first on PE Hub.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
PE Hub
JUNE 23, 2023
The investment will support Carbonwave's model for upcycling the over-supply of Sargassum seaweed into high-value biomaterials. The post Pegasus Capital Advisors and Global Fund for Coral Reefs invest $6m in biomaterials firm Carbonwave appeared first on PE Hub.
The Motley Fool
JUNE 23, 2023
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett is an anomaly as an investor -- but in a good way. Since becoming CEO in 1965, he's vastly outpaced the benchmark S&P 500. On an annualized return basis, including dividends, Berkshire Hathaway's Class A shares (BRK.A) have doubled up the S&P 500 (19.8% vs. 9.9%) during Buffett's tenure.
PE Hub
JUNE 23, 2023
The fund will focus on sectors such as biopharma and medical devices. The post Oaktree Capital racks up $2.3bn for inaugural life sciences lending fund appeared first on PE Hub.
The Motley Fool
JUNE 23, 2023
Many retired workers found themselves in a financial pinch last year as Social Security benefits lost purchasing power to inflation. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) soared 8.5% in 2022, easily outpacing the 5.9% cost-of-living adjustment (COLA) that was applied to Social Security. That shortfall added momentum to a problem that began one year earlier.
PE Hub
JUNE 23, 2023
The BMO Partners Group Private Markets Fund offers access to a globally diversified portfolio, spanning private equity, private credit, real estate and infrastructure. The post BMO seals second retail investors partnership with Partners Group appeared first on PE Hub.
The Motley Fool
JUNE 23, 2023
There's a simple way to potentially grow your $1,000 into a whole lot more a few years from now. And that's by investing in a few top growth stocks. Some have already taken off after declining last year. But, in many cases, increases are just starting. And there's more to come. Three great examples are Intuitive Surgical (NASDAQ: ISRG) , Lululemon Athletica (NASDAQ: LULU) , and Shopify (NYSE: SHOP).
PE Hub
JUNE 23, 2023
GLM US CLO 17 will initially be backed by mostly senior secured loans. The post GoldenTree closes latest CLO at $493m appeared first on PE Hub.
The Motley Fool
JUNE 23, 2023
"The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone." -- Microsoft co-founder Bill Gates Once a decade or so, a new technology comes along that reshapes the world in which we live. Artificial intelligence (AI) has the potential to be that new technology. AI is already beginning to change the way people work and play.
PE Hub
JUNE 23, 2023
Investec led the financing for the deal. The post Hull Street Energy buys natural gas-fired plant Sunrise Power Holdings appeared first on PE Hub.
The Motley Fool
JUNE 23, 2023
Semiconductor-giant Intel (NASDAQ: INTC) has its sights set on slashing annual costs by as much as $10 billion by the end of 2025. Until now, it was somewhat unclear where those cost savings would come from. The company has done some minor layoffs, temporarily cut salaries, and exited a slew of non-core businesses , but all of that isn't nearly enough for it to hit its target.
PE Hub
JUNE 23, 2023
Metronome Partners LLC acted as financial advisor to CBW. The post Tech company ControlByWeb snags investment from North Branch appeared first on PE Hub.
The Motley Fool
JUNE 23, 2023
There's never a dull moment at a theme park, and the same can be said about theme park stocks. Industry leader Disney (NYSE: DIS) competes with Comcast (NASDAQ: CMCSA) and to a lesser extent SeaWorld Entertainment (NYSE: SEAS) on both coasts. And there are plenty of other operators of gated attractions fighting for turnstile clicks. How is the industry doing as we head into this pivotal summer travel season?
Private Equity Insights
JUNE 23, 2023
NiSource has agreed to sell a 19.9% stake in its subsidiary Northern Indiana Public Service Co., for $2.15bn to an affiliate of private equity firm Blackstone Infrastructure Partners. Blackstone committed to providing another $250m for capital spending by the utility, NiSource said. The planned transaction is “yet another example of a utility looking to raise capital by strategically selling part of its business as opposed to having a large public stock offering,” Paul Patterson, an equity analy
The Motley Fool
JUNE 23, 2023
This year's tech-led market rally is showing some signs of cooling. The tech-heavy Nasdaq Composite has declined nearly 1% since June 16. While it's debatable whether this signals that the Nasdaq Composite's strong momentum this year could take a breather for a while, one thing is likely: The index's 29% year-to-date rally has likely led to some stocks getting ahead of themselves.
Private Equity Insights
JUNE 23, 2023
London-based private equity firm Actis is to sell its 100% stake in the African green energy platform BTE Renewables to the utility company Engie and investment firm Meridiam for an enterprise value of $1bn. On completion, Paris-based Engie will acquire BTE’s South African assets while Paris-based Meridiam will acquire the Kenyan assets. Actis established the pan-African renewable energy platform in 2017, with the acquisition of the Kipeto wind project in Kenya.
The Motley Fool
JUNE 23, 2023
Some of the best-performing and most well-known stocks sell for huge nominal sums. This can be discouraging for some investors who are looking to own full shares of businesses, but don't want to put too much capital to work in the stock market. Luckily, many companies have share prices that are below $20. This ensures that investors can load up on them for their portfolios even if they're only willing to work with small dollar amounts.
Private Equity Insights
JUNE 23, 2023
BPEA EQT and ChrysCapital are to acquire a 90% stake in HDFC Credila, Housing Development Finance Corporation’s (HDFC) education finance arm, for $1.11bn, in what will be India’s largest-ever financial services sector private equity buyout, according to a report by Reuters. As well as the purchase price, the PE firms have also agreed to inject around $250m into the business.
The Motley Fool
JUNE 23, 2023
Mining's biggest companies are already using artificial intelligence for a variety of purposes such as improving safety and efficiency. But an up-and-coming player has a technology that's wowed venture capital firms backed by some of the world's most famous investors. I'm talking about KoBold Metals. The mineral exploration company, through AI, discovers rare earth metals needed to power electric vehicles (EV).
FinSMEs
JUNE 23, 2023
Open Foodie, a Web3 creative-based cartoon food manufacturing lab, raised $500K in Seed funding. The backers were not disclosed. The company intends to use the funds to expand operations and its development efforts. Open Foodie aims to combine Web 2.0 and Web 3.0 technologies to drive the future development of the food industry. With the […] The post Open Foodie Raises $500K in Seed Funding appeared first on FinSMEs.
The Motley Fool
JUNE 23, 2023
Image source: Getty Images If you're not typically an online shopper, you may not realize that Target reserves some of its deepest discounts for items that can only be purchased online. So, sit back, have a cold drink, and decide whether any of these pretty spectacular deals are to your liking. 1. Outdoor string lights: $15 If you're taking full advantage of cool summer evenings, the idea of hanging incandescent lights around your yard or patio may have already flitted across your mind.
FinSMEs
JUNE 23, 2023
Acryl Data, a Mountain View, CA-based company operating the DataHub Project, an open source data catalog, raised $21M in Series A funding. The round was led by 8VC, with participation from Ram Shriram, Founder, Sherpalo Ventures and Guillermo Rauch, Founder and CEO of Vercel. The company intends to use the funds to develop a new platform […] The post Acryl Data Raises $21M in Series A Funding appeared first on FinSMEs.
The Motley Fool
JUNE 23, 2023
Fool.com contributor and finance professor Parkev Tatevosian compares ZIM (NYSE: ZIM) with Carnival Cruise Line (NYSE: CCL) to determine which is the better stock for long-term investors. *Stock prices used were the afternoon prices of June 21, 2023. The video was published on June 23, 2023. 10 stocks we like better than Carnival Corp. When our analyst team has a stock tip, it can pay to listen.
The Big Picture
JUNE 23, 2023
My end-of-week morning train WFH reads: • What Was Nate Silver’s Data Revolution? Silver, a former professional poker player, was in the business of measuring probabilities. Many readers mistook him for an oracle. ( New Yorker ) • Boaz versus BlackRock: the fight over closed-end funds : Saba founder says he never planned to be an activist investor.
The Motley Fool
JUNE 23, 2023
What happened Electric vehicle stocks had a rough week as investors started to rethink the recent bullishness about the industry. According to data provided by S&P Global Market Intelligence , shares of Canoo (NASDAQ: GOEV) have dropped 21.7% from the close of trading last Friday to 11:30 a.m. ET today, Fisker (NYSE: FSR) is down 11.6% in that time, and Lucid (NASDAQ: LCID) is off 15%.
Blackstone
JUNE 23, 2023
Bubble speculation is something of a sport in Wall Street circles. After all, to be first in identifying any form of excess can be wildly profitable. Being the next Jeremy Grantham, often acknowledged for predicting the 1999 tech bubble, or Michael Burry, he of the housing bubble prophecy in 2007 that earned him recognition in books and film, has significant appeal.
The Motley Fool
JUNE 23, 2023
Some of the greatest fight matchups in history include: Muhammed Ali vs. George Foreman Evander Holyfield vs. Mike Tyson Hulk Hogan vs. Andre the Giant And now.Mark Zuckerberg vs. Elon Musk? On June 20, Tesla CEO Elon Musk posted on Twitter, saying he was "up for a cage match" with Meta Platforms ' (NASDAQ: META) founder and CEO Mark Zuckerberg. And for his part, Zuckerberg is apparently up for it as well.
FinSMEs
JUNE 23, 2023
Apex, a Los Angeles, CA-based spacecraft mass manufacturing company, raised $16M in Series A funding. The round, which brought the total amount to $27M, was led by Andreessen Horowitz and Shield Capital. The company intends to use the funds to open a new, 50,000 sq ft production facility in Los Angeles dedicated to serial bus […] The post Apex Raises $16M in Series A Funding appeared first on FinSMEs.
The Motley Fool
JUNE 23, 2023
The failures of SVB Financial 's Silicon Valley Bank and First Republic Bank sent shockwaves through the financial sector. Investors feared contagion could spread across regional banks, leading to a sell-first, ask-questions-later mentality. Amid this, one notable stock that has fallen about 25% since the beginning of March is Live Oak Bancshares (NYSE: LOB).
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