Fri.Aug 18, 2023

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Costco Now Sells Girl Scout Thin Mints

The Motley Fool

Image source: Getty Images Calling all Girl Scout cookies fans! You can now pick up Girl Scout Thin Mints at Costco. That's right -- you don't have to wait until the upcoming cookie season to satisfy your chocolatey-mint cravings. Some shoppers have reported seeing Girl Scout Thin Mint Bites at Costco. While these tasty treats aren't the original full-sized cookies you know and love, they have a similar taste and are a bite-sized version.

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Vista’s Finastra secures record-breaking $5.3bn private loan

Private Equity Insights

Private lenders including Oak Hill Advisors, Blue Owl Capital, and HPS Investment Partners are providing a record-breaking $5.3bn loan package to Finastra Group Holdings Ltd, a fintech firm owned by Vista Equity Partners, according to a report by Bloomberg. The report cites data from KBRA DLD as revealing that the financing, which comprises a $4.8bn unitranche, a blend of senior and subordinated debt, and a $500m revolver facility, is the biggest private credit loan ever in the US.

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Warren Buffett and Michael Burry Just Sent Wall Street a Grim Warning: The Stock Market May Be Headed Lower

The Motley Fool

Many stocks are up sharply this year as signs of economic resilience reinvigorated investors. The broad-based S&P 500 is up 15% year to date, and the tech-heavy Nasdaq Composite is up 29%. But Wall Street legends Warren Buffett and Michael Burry apparently see a reckoning for overvalued equities on the horizon, as both investors recently took steps to protect their portfolios from a stock market correction.

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General Atlantic backs home services company Flint Group

PE Hub

As part of the transaction, General Atlantic advisor Alan Ferber will join the Flint board. The post General Atlantic backs home services company Flint Group appeared first on PE Hub.

Companies 221
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Billionaire David Tepper Boosts His Stake in Nvidia by 580%. Is Buying the High-Flying AI Stock a Smart Move?

The Motley Fool

David Tepper isn't as widely known as Warren Buffett. But like Buffett, he ranks as one of the top investors on the planet today. Tepper runs the global hedge fund Appaloosa Management. He also owns the Carolina Panthers NFL franchise and Major League Soccer's Charlotte Football Club. His net worth stands at $18.5 billion, according to Forbes. Many retail investors closely follow the stocks that Buffett buys.

Stakes 246
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The biggest tech deals in H1, plus Novacap banks on shifting ad trends

PE Hub

Trive Capital-backed EarthLink acquires internet provider One Ring Networks. The post The biggest tech deals in H1, plus Novacap banks on shifting ad trends appeared first on PE Hub.

Banks 203

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Trive Capital-backed EarthLink buys internet provider One Ring Networks

PE Hub

Headquartered in Atlanta, EarthLink is an internet provider. The post Trive Capital-backed EarthLink buys internet provider One Ring Networks appeared first on PE Hub.

Capital 197
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Here's Where to Invest $1,000 Right Now

The Motley Fool

As Bitcoin (CRYPTO: BTC) keeps bumping frustratingly into the $30,000 mark and down again, some cryptocurrency fans might lose patience and bail. That's a shame, as the HODL (Hold On for Dear Life) strategy has richly rewarded many of Bitcoin's long-term investors. Meanwhile, some investors would prefer to stay in the world of stocks and exchange-traded funds (ETFs) rather than dabble in direct cryptocurrency trading.

Investing 246
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Apollo completes take-private buyout of manufacturer Arconic

PE Hub

The transaction includes a minority investment from Irenic Capital Management. The post Apollo completes take-private buyout of manufacturer Arconic appeared first on PE Hub.

Buyout 171
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1 Top Tech Stock to Buy During a Recession

The Motley Fool

In order to curb soaring inflation, the Federal Reserve embarked on an aggressive path of raising interest rates that started in early 2022. The pace of rate hikes has been the fastest in history, and some market participants are still worried that a recession could be on the horizon, despite the resilient U.S. economy. Unemployment is still low, inflation is cooling down, and the labor market is strong.

Debt 246
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TTi Logistics scores investment from LVC

PE Hub

Abacus Finance provided senior debt financing on the deal. The post TTi Logistics scores investment from LVC appeared first on PE Hub.

Investing 196
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Students in Michigan Will Get Free Breakfast and Lunch in the Upcoming School Year

The Motley Fool

Image source: Getty Images Many families struggle to afford food. Michigan is just one state impacted by food insecurity, leaving many families to go without. According to Feeding America, a nonprofit that provides food to more than 40 million people annually, one in nine people in Michigan faces hunger. The stats are even worse for children. One in eight children in the state faces food insecurity.

Education 246
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PE Firm AAM 15 Management LLC and University of Vermont Signs Deal to Build $100m Housing Complex

Private Equity Insights

The University of Vermont (UVM) in Burlington has announced its intention to partner with AAM 15 Management LLC to build undergraduate housing on the east side of its main campus. A letter of intent was signed Aug. 14 by UVM and AAM 15, an independent private equity hotel investment and management company based in Burlington, Mass. The new development, Catamount Woods, will accommodate approximately 540 undergraduate students in apartments near the southern edge of Centennial Woods.

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Cord-Cutting Claimed Another 1.7 Million Cable Customers in Q2. Here's What Investors Need to Know.

The Motley Fool

Cable television companies are still losing customers. in droves. That's the big takeaway from last quarter's fiscal results for the industry, anyway. All told, another 1.7 million people in the U.S. cut the cord during the second quarter. The contraction hasn't altered its pace since before, during, and now after the COVID-19 pandemic. And nothing credibly suggests these cancellations will slow down anytime soon.

Investors 246
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German software firm SUSE to be taken private by EQT Valued at $2.96bn

Private Equity Insights

Private equity firm EQT AB said late on Thursday it plans to take SUSE private in a deal to be funded by a special dividend issued by the Frankfurt-listed software company. EQT, which owns around 79% of SUSE, will offer shareholders 16 euros per share, a premium of nearly 67% to their closing price on Thursday and valuing the company at 2.72 billion euros ($2.96 billion).

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Self-Employed People Have a Big Tax Payment Due in September. Here's What You Need to Know

The Motley Fool

Image source: Getty Images Self-employment can really be a mixed bag. On the one hand, it's nice to set your own hours and, in some cases, work from anywhere. On the other hand, being self-employed means grappling with an income that might vary substantially from one month to the next. That could make it difficult to keep up with recurring expenses like car and mortgage payments.

Taxes 246
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American Airlines Sues Website for 'Bait-and-Switch' Tactic to Sell Cheaper Airfares

Entrepreneur - VC

American Airlines is suing Skiplagged.com, a website that helps customers find cheaper fares by encouraging them to find connecting flights that allow them to use the connecting city as their final destination.

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3 Changes to Social Security You Probably Didn't Know

The Motley Fool

Social Security has been around for so many years, you might assume that the rules are set in stone. To be clear, many of the program's basic rules don't change on an annual basis. For example, full retirement age for Social Security is 67 for anyone born in 1960 or later. That's been the rule for years, and so far, there are no indications that it's about to change.

Taxes 246
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The Contract Network Raises $8M in Seed Funding

FinSMEs

The Contract Network, an Atlanta, GA-based provider of an AI-powered contract collaboration platform, raised $8M in Seed funding. The round was led by Tusk Venture Partners, with participation from Andrew Sieja (Founder of Relativity), The Legal Tech Fund, Mayo Clinic, Toba Capital, and GC&H Investments, an investment fund associated with Cooley LLP.

Funds 98
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Why I'm Changing My Mind on AT&T Stock

The Motley Fool

AT&T (NYSE: T) has continued on a downward slide. Massive debt levels and the end of a 35-year streak of dividend increases rattled investors, and its dividend yield of 7.7% failed to stem the selling. However, the stock has attained a low price-to-earnings (P/E) ratio amid a growing customer base. Also, with the stock trading at levels first seen decades ago, it might be time to start adding positions.

Debt 246
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A Checklist for a Successful Cookout

Integrity Financial Planning

Organizing a successful cookout can be a fun but challenging task. Here’s some great advice to ensure your event runs smoothly and is a hit with your guests. Preparation is Key Firstly, make sure you put in the effort to prepare. Decide on the menu ahead of time and ensure you have all the necessary ingredients. Choose simple yet delicious recipes that can cater to various dietary preferences.

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1 Spectacular Thing Honeywell and nVent Have in Common

The Motley Fool

The following article may be the source for a quiz question on a future fantastical industrial sector-focused game show. Which two industrial companies have raised their earnings guidance on every possible earnings call over the last three years, with the result being one stock up 131% and the other down 10%? The answer is nVent Electric (NYSE: NVT) and Honeywell International (NASDAQ: HON).

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Businessweek: Five Ways the Fed’s Deflation Playbook Could Be Improved

The Big Picture

I have a new column out in Businessweek , just in time for the Federal Reserve meeting in Jackson Hole. It is a congratulatory open letter to Federal Reserve Chairman Jerome Powell and the rest of the Fed on beating inflation: Dear Jay, Mazel tov! You beat inflation and avoided a recession. Revel in the sweet taste of victory as you fly-fish with other central bankers at the annual symposium in Jackson Hole, Wyoming.

Banks 98
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Here's What Happens When You Keep a Credit Card Open for Over 10 Years

The Motley Fool

Image source: Getty Images Have you ever been in a long-term relationship with a credit card? While I recently closed my oldest active credit card , I have another account that's been open for nearly as long, and I intend to keep it that way. The overall net effect of keeping a credit card account open for a decade or longer is positive, but a lot can change in that period -- for both you and the credit card.

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Coachbetter Raises $2.9M in Seed-Plus Funding

FinSMEs

Coachbetter, a Zürich, Switzerland-based SportTech startup, raised $2.9M in Seed-Plus funding. The round was led by Brighteye Ventures and ZEN11Holding, with participation from a pool of investors around DAZN Group Executive Vice Chairman John Gleasurem, as well as 2018 FIFA World Cup winner and former Premier League star Steven Nzonzi. The company intends to use […] The post Coachbetter Raises $2.9M in Seed-Plus Funding appeared first on FinSMEs.

Funds 98
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Recession-Proof Your Finances in 7 Steps

The Motley Fool

Image source: Getty Images Just ask the experts; they'll all tell you something different. Some say we're awaiting a recession, while others believe we've managed to skate by without the highly predicted economic downturn. And recently, there have been others who claim there was a recession, but none of us seemed to notice. If economic downturns weren't so serious, the sincere, differing opinions would almost be funny.

Financing 246
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LighthouseAI Raises $2.25M in Funding

FinSMEs

LighthouseAI, a Los Angeles, CA-based provider of compliance solutions for the pharmaceutical supply chain, raised $2.25M in funding. The round was led by Healthy Ventures with participation from Bertelsmann Next. The company intends to use the funds to accelerate the growth and development of its flagship product suite, to enhance features and functionalities, scale operations, […] The post LighthouseAI Raises $2.25M in Funding appeared first on FinSMEs.

Funds 98
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1.4 Trillion Reasons to Like PayPal Stock

The Motley Fool

During the second quarter, PayPal (NASDAQ: PYPL) reported revenue of $7.3 billion and adjusted earnings per share of $1.16, both of which exceeded Wall Street estimates. The stock hasn't performed well, though, and it's down 19% since the earnings announcement and 42% in the past 12 months. Investors are probably concerned that this fintech company isn't producing double-digit top-line growth anymore, especially after the monster gains of the past several years.

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Is Your Website ADA-Compliant? You Could Face Up to $150,000 in Fines If Not.

Entrepreneur - VC

These guidelines should be followed closely to ensure that your site is extremely user-friendly and accessible to everyone, regardless of their ability or disability.

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Is Realty Income the Best Dividend Stock for You?

The Motley Fool

Dividend stocks are appealing for a lot of reasons. For most investors, the first reason is that they provide a steady source of income at a higher rate than is typically available from savings instruments and bonds. They're also typically regarded as reliable and less volatile than growth stocks and, despite their relative staidness, they can be strong long-term performers, providing both income and share growth.

Taxes 246
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Goldman Sachs Slashed Thousands of Jobs This Year. Now It's Hiring Hundreds of New Roles After Scrutiny From Regulators.

Entrepreneur - VC

It's been tough for Goldman Sachs and the banking industry amid falling profits and increasing regulatory scrutiny. Now Goldman's hiring hundreds in response.

Banks 97
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1 Ridiculously Simple Retirement Savings Hack You'll Wish You Had Known Sooner

The Motley Fool

When it comes to saving for retirement, there's one strategy that stands out as both amazingly simple and tremendously powerful. It's such a potent tool for your retirement plan that it might be enough to make you a millionaire by the time you retire all by itself. Best of all, you can probably get set up with everything you need for success in under 15 minutes.

Taxes 246
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5 Ways Startups Can Increase Their Visibility

Entrepreneur - VC

Don't sit back and hope that business will come to you. Put yourself out there and take advantage of opportunities to attend events, network, compete and build new relationships.

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Is It Too Late to Buy Alphabet Stock?

The Motley Fool

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has had an impressive run so far this year, riding the rapid adoption of artificial intelligence (AI) and a broad-based recovery of tech stocks. Shares of the search giant are up 45% so far in 2023, roughly three times the 15% gains of the S&P 500. This is in stark contrast to last year, when the stock lost more than 39%.