The Motley Fool
JUNE 10, 2024
Image source: The Motley Fool/Upsplash I have a great deal of love and respect for the baby boomers in my life -- which includes my parents. Over the years, they've imparted a lot of solid wisdom and advice, and I'm grateful for it. I have never regretted arriving early for a job interview, for example. (Thanks, Mom!) But times have changed, and the world they grew up in is long gone.
Private Equity Professional
JUNE 10, 2024
Falfurrias Capital Partners has acquired EDGE Industrial Technologies, a producer of industrial machine knives, blades, and punches, from Blue Wolf Capital Partners which is maintaining a minority equity interest in the company. EDGE was formed by Blue Wolf in 2018 to consolidate its investments in Pearl Technologies and TGW. Pearl Technologies, a New York-based manufacturer of… This content is for members only.
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The Motley Fool
JUNE 10, 2024
Over the past 10 years, Nvidia (NASDAQ: NVDA) , the superchip manufacturer, has delivered remarkable returns, significantly outperforming the S&P 500 index. A mere $1,000 invested in Nvidia during this period has ballooned into a mountain of cash exceeding $255,000. In contrast, an equivalent investment in a broad-market exchange-traded fund (ETF), such as the Vanguard S&P 500 ETF , would be worth a far more modest sum of around $3,300 today.
Private Equity Professional
JUNE 10, 2024
Turnspire Capital Partners has acquired Swanson Industries, a provider of hydraulic equipment used in mining and industrial applications, from AEA Investors. Swanson’s products include hydraulic cylinders, pumps and motors, valves and manifolds, hoses and fittings, and power units. Swanson also provides remanufacturing and repair services – chrome plating, friction welding, laser cladding, and machining –… This content is for members only.
The Motley Fool
JUNE 10, 2024
Nvidia 's (NASDAQ: NVDA) stock split may be one of the most talked-about subjects on the planet right now. At least when it comes to financial news. The artificial intelligence (AI) chip giant announced the operation during its earnings report last month and completed it on June 7. And today Nvidia shares start trading at their split-adjusted price.
Private Equity Professional
JUNE 10, 2024
New Era Cap, a portfolio company of ACON Investments, has acquired ’47 Brand, a privately held sports lifestyle brand. 47 Brand is well-known for its caps and hats, which feature team logos from major sports leagues and collegiate teams. The company also sells apparel, T-shirts, hoodies, sweatshirts, jackets, and pants, and accessories including scarves, gloves,… This content is for members only.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Professional
JUNE 10, 2024
Yellow Wood Partners has carved out the Elida Beauty brands portfolio from publicly traded Unilever. Elida Beauty was formed by Unilever in 2021 as part of a reorganization of its beauty and personal care portfolio. The unit was created to house a collection of heritage brands that required a different strategic approach compared to Unilever’s… This content is for members only.
The Motley Fool
JUNE 10, 2024
Nvidia (NASDAQ: NVDA) stock has been a superb performer over the short and long terms. The artificial intelligence (AI) chip leader held its initial public offering (IPO) in January 1999, six years after the company was founded. In honor of Nvidia stock turning 25 years old earlier this year, below are 25 reasons -- in no particular order -- to buy it.
FinSMEs
JUNE 10, 2024
Continuity, a Paris, France-based provider of an AI-powered risk detection platform for professional and commercial insurers, raised €10M in Series A funding. The round was led by 115K with participation from Elaia and Bpifrance. The company intends to use the funds to expand operations and its development efforts. Led by Benoît Pastorelli, CEO, Continuity provides […] The post Continuity Raises €10M in Series A Funding appeared first on FinSMEs.
The Motley Fool
JUNE 10, 2024
Good news for (new) Nio (NYSE: NIO) stock investors! Yesterday, Nio announced its first-quarter 2024 earnings results, and Nio stock promptly sold off. Shares of the Chinese automaker are down more than 8% since earnings came out. That means that -- as long as you think Nio stock is a buy -- the stock is now selling at a discount. And according to Citigroup analyst Jeff Chung, this is exactly how you should be looking at this news.
FinSMEs
JUNE 10, 2024
OnSecurity Technology, a Bristol, UK-based cybersecurity company that specialises in Penetration Testing, raised £5.5M in Seed funding. Gresham House Ventures made the investment. The company intends to use the funds to support its plans for rapid growth and innovation, as well as R&D. Led by Conor O’Neill, CEO, OnSecurity is a penetration testing vendor dedicated […] The post OnSecurity Technology Raises £5.5M in Seed Funding appeared first on FinSMEs.
The Motley Fool
JUNE 10, 2024
JPMorgan Chase (NYSE: JPM) has been one of the best-performing bank stocks in recent memory. Over the past decade, shares have risen in value by 250%. Citigroup stock, by comparison, rose by just 27% over that time period. Many investors have gotten rich with JPMorgan stock and it's a popular holding. CEO Jamie Dimon owns 7,700,806 shares, according to the company's 2024 proxy statement, and they are currently worth a cool $1.5 billion.
FinSMEs
JUNE 10, 2024
FirmPilot, a Miami, FL-based AI marketing engine for law firms, raised $7M in Series A funding. The round was led by Blumberg Capital and DoubleVerify, with participation from Valor Ventures, SaaS Ventures, FJ Labs, and Connexa Capital. The company intends to use the funds to expand operations and its development efforts. Led by CEO and […] The post FirmPilot Closes $7M Series A Funding Round appeared first on FinSMEs.
The Motley Fool
JUNE 10, 2024
Shiba Inu (CRYPTO: SHIB) minted some millionaires after its launch on Aug. 1, 2020. The meme coin , which was created as a light-hearted parody of Dogecoin , started trading at just $0.000000000056 per token. Its price soared to an all-time high of $0.000086 on Oct. 27, 2021, but it now trades at about $0.000024. Therefore, a $100 investment on the first day would have blossomed to $153.9 million before shrinking back to about $42.9 million today.
FinSMEs
JUNE 10, 2024
Relay, a Raleigh, NC-based provider of a cloud-based communications platform for frontline teams, raised $35M in Series B funding. The round was led by G2 Venture Partners, with participation from existing investors including Wind River Ventures and Sovereign’s Capital. The company intends to use the funds to accelerate its expansion into new markets and accelerate […] The post Relay Closes $35M Series B Funding appeared first on FinSMEs.
The Motley Fool
JUNE 10, 2024
Nvidia (NASDAQ: NVDA) has emerged as the dominant force in the AI data center chip industry. As big tech ramps up spending on new artificial intelligence (AI) models, Nvidia's cutting-edge graphics processing units (GPUs) have been critical to their needs for rapid computational power. Nvidia commands an estimated 80% of the AI chip market. As a result, its stock price has rocketed higher -- joining the $1 trillion club last summer when it touched $3 trillion in market value on June 5.
FinSMEs
JUNE 10, 2024
Nexus, a San Francisco, CA-based zero-knowledge cryptography company, raised $25M in Series A funding. The round, which brought the total amount to $27.2M, was co-led by Lightspeed Venture Partners and Pantera Capital, with participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund. The company intends to use the funds to accelerate its go-to-market efforts […] The post Nexus Closes $25M Series A Funding Round appeared first on FinSMEs.
The Motley Fool
JUNE 10, 2024
For the last six decades, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been dazzling Wall Street with his investing prowess. Whereas the benchmark S&P 500 has delivered a respectable gain, including dividends, of a little over 35,000% since Buffett took over as CEO, the affably named "Oracle of Omaha" has overseen an aggregate return in his company's Class A shares (BRK.A) of almost 5,000,000%!
Private Equity Wire
JUNE 10, 2024
Private multi-asset alternative investment firm Bain Capital is to acquire PowerSchool Holdings, a provider of cloud-based software for K-12 education, in a transaction valuing the business at $5.6bn. Under the terms of the agreement, PowerSchool stockholders will receive $22.80 per share in cash upon completion of the proposed deal. The per share purchase price represents a premium of 37% over PowerSchool’s unaffected share price of $16.64 as of 7 May 2024, the last trading day prior to media r
The Motley Fool
JUNE 10, 2024
Nvidia (NASDAQ: NVDA) shares soon will trade at about a 10 th of last week's price -- and for good reason. The company just completed a 10-for-1 stock split, and that's why as of the opening of today's trading session, you can get in on Nvidia stock with a little more than $100 instead of more than $1,000. Stock splits, by offering more shares to current holders, lower the price of each individual share, making it easier for a broader range of investors to buy a particular stock.
Private Equity Wire
JUNE 10, 2024
Faegre Drinker has appointed Michelle Moran as a partner in the law firm’s investment management group in London. Her practice covers all aspects of fund management, including UCITS, hedge funds, private funds and credit funds. Moran previously led the London asset management and investment funds practice at an international law firm. Moran is an advisor to European and American clients on establishing, authorising, managing and distributing retail and institutional investment funds in the
The Motley Fool
JUNE 10, 2024
Shares of cybersecurity specialist CrowdStrike (NASDAQ: CRWD) are hitting all-time highs today after news broke that the company will be added to the S&P 500 on June 24. And CrowdStrike won't be the only company to enjoy the recognition: Investment firm KKR (NYSE: KKR) and website company GoDaddy will also be added to the S&P 500 that day. The S&P 500 is an index of roughly 500 of the biggest, most profitable U.S. companies.
Private Equity Wire
JUNE 10, 2024
Thoma Bravo is reaching out to private credit lenders as it looks to secure approximately $3.5bn in new financing for its automated professional services provider, ConnectWise, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as confirming that the financing will be used to refinance existing debt and fund an acquisition.
The Motley Fool
JUNE 10, 2024
Semiconductor equipment manufacturing is a notoriously lumpy business. The companies in this line of business, such as ASML (NASDAQ: ASML) , make the intricate (and expensive) machinery that creates various semiconductor chips, such as Nvidia's graphic processing units (GPUs). The demand for their services varies from year to year, making investing a bit of a cyclical guessing game.
Private Equity Wire
JUNE 10, 2024
Harlan Capital Partners, a specialist in opportunistic private credit investments, has held the final close of Private Credit Harlan Special Opportunities Fund V and its associated vehicles, with approximately $130m in capital commitments. According to a press statement, the new fund surpasses its predecessor, HSOF IV, which raised approximately $115m.
The Motley Fool
JUNE 10, 2024
Fool.com contributor Parkev Tatevosian reveals one relatively cheap growth stock to consider adding to your portfolio. *Stock prices used were the afternoon prices of June 7, 2024. The video was published on June 9, 2024. Should you invest $1,000 in JD.com right now? Before you buy stock in JD.com, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and JD.com wasn’t one of them.
Private Equity Wire
JUNE 10, 2024
HIG Growth Partners, the dedicated growth capital investment affiliate of HIG Capital, has sold portfolio company CarltonOne Engagement, a SaaS engagement and e-commerce platform, to Goldman Sachs Asset Management. Headquartered in Markham, Ontario, CarltonOne creates B2B employee recognition, customer loyalty, rewards and sales/channel incentive programmes.
The Motley Fool
JUNE 10, 2024
Nvidia 's (NASDAQ: NVDA) market cap exceeded Apple 's (NASDAQ: AAPL) for the first time in more than two decades on June 5. The chipmaker's market cap reached $3.01 trillion at the end of the day, compared with Apple's market cap of $3.00 trillion, and made it the world's second most valuable publicly listed company after Microsoft. As of this writing, Nvidia's valuation has pulled back to $2.97 trillion as Apple's valuation rose to $3.02 trillion.
Private Equity Wire
JUNE 10, 2024
An affiliate of Turnspire Capital Partners has acquired Swanson Industries, a US provider of manufacturing, remanufacturing, repair and distribution services of mining equipment, hydraulic cylinders and related equipment. The transaction includes Swanson’s controlling stake in Tiefenbach North America, which focuses on hydraulic controls and hose assemblies for mining, energy and industrial applications.
The Motley Fool
JUNE 10, 2024
In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and other semiconductor giants in the AI market. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of June 7, 2024. The video was published on June 9, 2024. Should you invest $1,000 in Nvidia right now?
XY Planning Network
JUNE 10, 2024
In the dynamic world of advisory firms, the relentless pursuit of operational efficiency and superior client service continues unabated. Recent surveys conducted by our team at Hubly reveal that many firms prioritize "team accountability" above significant concerns such as workflows for money movements, financial planning, or client onboarding. This raises questions about whether these findings reflect broader management trends in advisory firms or point to deeper systemic issues.
The Motley Fool
JUNE 10, 2024
Image source: Upsplash/The Motley Fool Owning a car is an expensive prospect -- especially after factoring in the cost of auto insurance. U.S. News & World Report puts the average cost of car insurance in the U.S. at $2,068 per year. But there are different factors that determine how much a policy will cost, from driving history to vehicle model to ZIP code.
Top 1000 Funds
JUNE 10, 2024
The pace of development in artificial intelligence and machine learning is head-spinning. The Fiduciary Investors Symposium heard there are examples from the industrial past that serve as good indicators of how the new technology will be adopted, its likely impact, and both short- and long-term strategies for effective adoption.
The Motley Fool
JUNE 10, 2024
Nvidia (NASDAQ: NVDA) executed a 10-for-1 stock split after the market close on June 7. The event reduced its trading price from about $1,200 to $120 a share, but that doesn't change any of its underlying fundamentals. The chipmaker still has a market cap of about $3 trillion, but investors can now buy smaller slices of the original shares. Therefore, Nvidia's trading price has declined, but its valuations are exactly the same.
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