A Wealth of Common Sense
AUGUST 31, 2023
Jonathan Novy, one of our advisors and insurance experts at Ritholtz Wealth, joined me this week to discuss questions about emergency funds, investing when you don’t have a 401k, annuity yields and long-term care insurance. Further Reading: Why I’m More Worried About the Bond Market Than the Stock Market 1The same is true of CDs. I looked at 5 year CD yields at Marcus today.
The Motley Fool
AUGUST 30, 2023
Ginkgo Bioworks (NYSE: DNA) focuses on synthetic biology. In short, it builds platforms to program cells as easily as programming a computer. On Tuesday, Gingko stock soared 24% after the company partnered up with Alphabet 's Google Cloud to build next-generation artificial intelligence (AI) platforms for biological engineering and biosecurity. *Stock prices used were from the trading day of Aug. 29, 2023.
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Private Equity Insights
AUGUST 31, 2023
Private equity firm KSL said on Monday it intends to buy Hersha Hospitality Trust , the owner of 25 U.S. lifestyle and luxury hotels, in an all-cash transaction worth about $1.4bn. The move would take private Hersha at an approximately 60% premium to the real-estate investment trust’s closing stock price on Friday. The deal is slated to close by year-end after shareholders okay the move.
PE Hub
AUGUST 31, 2023
Based in Calgary, Tidewater is a midstream and energy infrastructure company. The post PE-backed Tidewater to sell Pipestone and Dimsdale assets to AltaGas appeared first on PE Hub.
FinSMEs
AUGUST 31, 2023
Alias Technology, a San Francisco, CA-based applied AI company creating social media applications leveraging generative media and multi-modal AI systems, raised $3M in Seed funding. The round was led by Khosla Ventures, and joined by Next Coast Ventures, Maveron, Peter Thiel, Joe Lonsdale, and WS Investments, among others. The company intends to use the funds […] The post Alias Technologies Raises $3M In Seed Funding appeared first on FinSMEs.
Entrepreneur - VC
AUGUST 31, 2023
Panda express is expected to pay customers $1.4 million to settle a lawsuit over hidden "service fee" charges online. Find out if you qualify for payment, here.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
The Big Picture
AUGUST 31, 2023
The Fed’s favored inflation report was a 2.1% annualized (3 months through July) and 3.3% year-over-year. Here is BEA: Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July, according to estimates released today by the Bureau of Economic Analysis (table 3 and table 5). Disposable personal income (DPI), personal income less personal current taxes, increased $7.3 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $144.6 billio
The Motley Fool
AUGUST 30, 2023
Scraping together enough cash to invest in the stock market isn't easy. Between monthly bills and other living expenses, paying down high-interest credit card debt, and topping up your emergency savings, many things take precedence. But if you do have some money to invest -- say, $1,000 or so -- you should consider buying shares in an elite business that can help you protect and grow your wealth.
PE Hub
AUGUST 31, 2023
As part of the deal, SRJ will become an investor in a new regional league, PFL MENA as well as supporting PFL's expansion in Saudi Arabia and the wider MENA region. The post SRJ Sports Investments takes minority stake in Professional Fighters League appeared first on PE Hub.
FinSMEs
AUGUST 31, 2023
IFS, a Linköping, Sweden-based global cloud enterprise software company, is to acquire Falkonry, Inc. a Cupertino, CA-based Industrial AI software company that provides automated, high-speed data analysis to the manufacturing and defense industries. The amount of the deal was not disclosed. IFS expects the acquisition of Falkonry to complete in Q4 2023.
Entrepreneur - VC
AUGUST 31, 2023
Business success relies on a strong foundation in human resources. Learn these four common missteps that companies make that can get in the way of reaching their full potential.
A Wealth of Common Sense
AUGUST 29, 2023
There’s a great scene in Midnight in Paris about nostalgia that I think about a lot: Some people always think the past is better than the present because of this golden age line of thinking. I always see memes like this going around Twitter: Life would be better is this was true. Unfortunately, it’s not (see here and here). Another social media trope these days is showing a picture of an old castle or church.
The Big Picture
AUGUST 31, 2023
My end of August, morning train WFH reads: • Money Is Pouring Into AI. Skeptics Say It’s a ‘Grift Shift.’ The move from crypto to artificial intelligence has fueled the markets this year, but some are questioning how much of it is real. ( Institutional Investor ) • What to Do With a 45-Story Skyscraper and No Tenants : HSBC’s plan to leave its Canary Wharf tower for a smaller site shows the global challenges ahead in repurposing unwanted office space for a post-pandemic world. ( Citylab ) see al
The Motley Fool
AUGUST 31, 2023
Image source: The Motley Fool. Broadcom (NASDAQ: AVGO) Q3 2023 Earnings Call Aug 31, 2023 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to the Broadcom Inc.'s third quarter fiscal year 2023 financial results conference call. At this time, for opening remarks and introductions, I would like to turn the call over to Ji Yoo, head of investor relations of Broadcom Inc.
PE Hub
AUGUST 29, 2023
Based in California, Nelson Miller Group is a provider of engineering, manufacturing and supply chain management solutions. The post New Water-backed Nelson Miller Group acquires manufacturer Injection Works appeared first on PE Hub.
FinSMEs
AUGUST 31, 2023
Rent Butter, a Chicago, IL-based provider of a tenant screening solution designed specifically for workforce and affordable housing, raised $3M in Seed funding. The round was led by RET Ventures. The company intends to use the funds to expand its product offering and customer base into conventional Class A and B multifamily and single-family rentals […] The post Rent Butter Raises $3M in Seed Funding appeared first on FinSMEs.
Entrepreneur - VC
AUGUST 31, 2023
Jimmy Kimmel joined co-hosts Jimmy Fallon, Seth Meyers, Stephen Colbert, and John Oliver in the inaugural episode of the "Strike Force Five" podcast. Read more about Kimmel's possible retirement and the offer he received from two Hollywood A-listers.
Financial Times M&A
AUGUST 29, 2023
US health insurer faced anti-privatisation protests and hospital integration proved tricky
PE Hub
AUGUST 30, 2023
The transactions are valued at more than $1 billion. The post K1-backed Reveal buys two legal tech firms Logikcull and IPRO appeared first on PE Hub.
Entrepreneur - VC
AUGUST 31, 2023
A woman stumbled upon a painting resembling N.C. Wyeth's work at a thrift store in 2017. After expert confirmation, the $4 find is revealed as an original Wyeth worth $250,000, set for auction in September.
Entrepreneur - VC
AUGUST 30, 2023
Apple's annual product upgrade event on September 12th will introduce the new iPhone 15 and updated Apple Watches. The event comes after a three-quarter decline in revenue for the company.
Entrepreneur - VC
AUGUST 30, 2023
The sandwich chain is taking things to new heights in order to promote its new Deli Heroes menu by offering customers the opportunity to dine inside a blimp restaurant set to hover at 1,000 feet up.
Entrepreneur - VC
AUGUST 31, 2023
The U.S. economy experienced slower growth in the second quarter of 2023, with the gross domestic product (GDP) rising at a rate of 2.1%, falling short of the Federal Reserve's initial prediction of 2.4%.
Entrepreneur - VC
AUGUST 31, 2023
Learning why people act the way they do when it comes to purchasing will help you become the master of sales — and you might already be using some of these strategies without knowing it.
Entrepreneur - VC
AUGUST 30, 2023
Preparing to sell your rental investment is a chore. It's even more complicated if you have current tenants. Explore five things to help you prepare for what's ahead when you're thinking about selling your rental property.
Entrepreneur - VC
AUGUST 31, 2023
One Dunkin' employee is going viral after showing how much liquid really goes into a large iced beverage — and how much of it is just ice.
Entrepreneur - VC
AUGUST 30, 2023
Hurricane Idalia made landfall Wednesday morning as a Category 3, leaving residents to witness everything from gas stations being swept away to paddleboarding through the streets.
Entrepreneur - VC
AUGUST 31, 2023
Pret a Manger is paying big time after an employee was accidentally locked in a walk-in freezer for over two hours at the Victoria Coach Station location of the chain in London, England.
Entrepreneur - VC
AUGUST 31, 2023
You know the types—self-centered and always putting on appearances. Here are four common traits of bad managers, from a former Microsoft VP.
FinSMEs
AUGUST 31, 2023
Ellie.ai, a Helsinki, Finland-based provider of product design and collaboration software for data teams, raised €2.5m in seed funding. The round was co-led by Newion and Crowberry Capital. The company intends to use the funds to expand operations and its development efforts in order to advance new workflows for customers. Led by Johannes Hovi, CEO, […] The post Ellie.ai Raises €2.5M in Seed Funding appeared first on FinSMEs.
FinSMEs
AUGUST 31, 2023
Occuspace, a Los Angeles, CA-based developer of occupancy management technology, raised $3.6M in Seed funding. The round was led by Okapi Venture Capital and joined by Cove Fund, Shadow Ventures, and Hamilton Ventures. The company intends to use the funds to enhance its business development efforts, and further expand its business reach, continue expanding into […] The post Occuspace Raises $3.6M in Seed Funding appeared first on FinSMEs.
FinSMEs
AUGUST 31, 2023
Saab acquired BlueBear, an Oakley, UK-based provider of AI-enabled autonomous swarm systems for complex defence and security applications. The amount of the deal was not disclosed. The acquisition of all shares in BlueBear is part of Saab’s continued international growth journey across key markets, which include the United Kingdom, Australia, the United States and Germany. […] The post Saab Acquires BlueBear appeared first on FinSMEs.
FinSMEs
AUGUST 30, 2023
AI21 Labs, a Tel Aviv, Israel-based leader in AI and large language models (LLMs), closed a $155m Series C funding, at a valuation of $1.4 billion. Investors included Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next and Prof. Amnon Shashua with participation from Google and NVIDIA. The new funding brings total capital raised to date to $283m. […] The post AI21 Labs Raises $155M in Series C Funding; Valued at $1.4 Billion appeared first on FinSMEs.
Entrepreneur - VC
AUGUST 31, 2023
On this week's episode of "Dirty Money," hear the tragic story of Jim and Pamela Fayed, the married couple whose multimillion-dollar business could not buy happiness.
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