Sat.May 18, 2024 - Fri.May 24, 2024

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4 Economic Charts That Might Surprise You

A Wealth of Common Sense

Four charts about the economy you might find surprising: 1. Wages are cumulative too. The Congressional Budget Office released new research comparing inflation on a basket of goods and services households at different income levels consume between now and 2019 along with changes in wages. Here’s the chart: And the explanation: For households in every quintile (or fifth) of the income distribution, the share of inc.

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Lucid Group: Buy, Sell, or Hold?

The Motley Fool

Lucid (NASDAQ: LCID) has received much attention with its luxury electric vehicles (EVs), which boast a driving range well above its competitors. The EV maker made its public stock debut three years ago and sought to challenge Tesla with its upscale offerings. It has taken Lucid time to ramp up production of its EVs, and the company had to raise capital to ensure it has enough funding to keep things going.

Funds 246
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Coactive Systems Raises $30M in Series B Funding

FinSMEs

Coactive Systems, a San Jose, CA-based AI powered platform to make image and video data useful, raised $30m in Series B funding at a $200m valuation. The round was co-led by Emerson Collective andCherryrock Capital, with participation from Bessemer Venture Partners, Greycroft, and previous investor Andreessen Horowitz. The company intends to use the funds to expand operations, development efforts, and its […] The post Coactive Systems Raises $30M in Series B Funding appeared first on Fin

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Andrew Coyne Is Dead Wrong on CPP Investments' Active Management

Pension Pulse

Andrew Coyne laments in his latest opinion piece that eighteen years and $46-billion later, the CPP admits it could have earned more just by buying index funds: The Canada Pension Plan Fund had a bad year last year. You’d never know it to read the latest annual report from the fund’s managers, the CPP Investment Board, which spends much of its nearly 80,000 words boasting how, thanks to the herculean efforts of its employees and the sophisticated investment stratagems of its managers, it eked ou

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Who’s to Blame For the Broken Housing Market?

A Wealth of Common Sense

A reader asks: Do you guys really think foreign investsments and private equity really aren’t driving up housing prices? It really seems like it is. I understand the sentiment here. The housing market is broken right now for a lot of people. The blame is simply misplaced here. It’s not Blackrock or Blackstone or any other institutional investor who is causing the lack of supply in the housing market.

Investors 126
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The Best Airlines for International Travel

The Motley Fool

Image source: Getty Images International travel is a must-have life experience for millions of Americans. Whether you're visiting another country for the first time or you're a veteran globetrotter, it feels good to get your passport stamped in a new place. But which airline should you choose for your next international trip? Let's look at a few popular U.S. airlines to see which ones fly to the most countries.

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Help your downsizing clients create their legacy

Investment Writing

Many investment and financial advisors have older clients who struggle with decluttering as they prepare to downsize. I picked up some useful ideas from a session presented by Matt Paxton, the host of the PBS program Legacy List and the author of a book that had the same title as his presentation, Keep the Memories, Lose the Stuff: Declutter, Downsize, and Move Forward with Your Life.

Investing 111
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No, The Stock Market is Not Rigged Against the Little Guy

A Wealth of Common Sense

Here’s a take from Dave Portnoy: A lot of people share these views. It’s the kind of thing that gets people riled up. The market is rigged! It’s one giant casino where the house always wins! That narrative tends to accompany stories like this: Investors who jumped into the latest online frenzy over shares of the struggling video game retailer lost $13.1 billion in just three days from the mania’s.

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Why Vaccine Stocks Rallied This Week

The Motley Fool

Shares of vaccine stocks Moderna (NASDAQ: MRNA) , Novavax (NASDAQ: NVAX) , and BioNTech SE (NASDAQ: BNTX) rallied this week, appreciating 23.4%, 16.4%, and 9.3%, respectively, through Thursday trading, according to data from S&P Global Market Intelligence. While these three stocks gained notoriety back in 2020 during the COVID-19 pandemic, it appears this week's detection of avian bird flu in a second U.S. citizen and the first-ever detection of avian flu in a human in Australia are spurring

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Userfront Raises $5.3M in Seed Funding

FinSMEs

Userfront, a San Jose, CA-based auth and identity platform for SaaS companies, raised $5.3M in Seed funding. The round was led by Heavybit. The company intends to use the funds to expand operations and its business reach. Led by CEO Tyler Warnock, Userfront provides an auth and identity platform that offers digital businesses a pathway […] The post Userfront Raises $5.3M in Seed Funding appeared first on FinSMEs.

Funds 113
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Nikhil Rathi warns private equity firms to be more cooperative

Private Equity Wire

Nikhil Rathi, chief executive of the Financial Conduct Authority, has urged private equity firms to provide more information or face stricter regulatory measures, according to a report by City AM. At the Association of Corporate Treasurers, Rathi said that the valuations of private firms have been “under pressure” over the past year, emphasising the need for buyout houses to cooperate with the regulator to avoid stricter action.

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The S&P 500 vs. the U.S. Economy

A Wealth of Common Sense

Here are some facts and figures about the S&P 500: According to Global Financial Data, the S&P only contained 90 stocks when it was created in 1928. It became the S&P 500 in 1957. At the time, the index was comprised of 425 industrial stocks, 60 utilities and 15 railroads. Financials and transportation stocks weren’t added until 1976.

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This Is What Happens When You Leave a Lot of Money in Your Savings Account

The Motley Fool

Image source: Getty Images Savings accounts are paying some of the highest interest rates in years, with some banks paying more than 5%. After sitting on the sidelines for far too long, I'm in the process of opening a high-yield savings account to take advantage of generous annual percentage yields (APYs). I'll put about $5,000 into the new account, which should earn me about $255 over the next year.

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Fiberwood Raises €7.7M in Growth Funding

FinSMEs

Fiberwood, a Järvenpää, Finland-based materials technology startup, raised €7.7M in Growth funding. Backers included Metsä Spring and Stephen Industries, together with public financiers. The company intends to use the funds to expand operations and its development efforts to prepare to enter a commercial phase with the aim of international growth. With the additional funding now […] The post Fiberwood Raises €7.7M in Growth Funding appeared first on FinSMEs.

Funds 113
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Australia’s Aware Super on VC and the pension investing purpose

Top 1000 Funds

The A$175 billion Aware Super’s CIO Damian Graham said its venture capital investment in tech unicorn Canva has been good value for money but "pretty unusual" in the scheme of things. He reflects on the asset class and the broader pension investing purpose.

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Patient Square said to eye over $6bn for Fund II, just a year after hefty $3.9bn debut fund close

AltAssets

Patient Square Capital, the healthcare-focused private equity house launched by former KKR dealmaker Jim Momtazee, is reportedly backing in the market with a supersized second fund. The post Patient Square said to eye over $6bn for Fund II, just a year after hefty $3.9bn debut fund close first appeared on AltAssets Private Equity News.

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Who Owns the Most Nvidia Stock Besides CEO Jensen Huang?

The Motley Fool

It should come as no surprise that Jensen Huang is the largest individual shareholder of Nvidia (NASDAQ: NVDA). He co-founded the company with friends back in 1993 and currently serves as its president and CEO. Huang's total stake in Nvidia currently stands at 86,827,600 shares, worth a cool $82.8 billion as of this writing. But who owns the second most shares?

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LabGenius Raises £35M in Series B Funding

FinSMEs

LabGenius, a London, UK-based drug discovery company, raised £35M in Series B funding. The round was led by M Ventures (the strategic, corporate venture capital arm of science and technology company Merck), with participation from additional new investors Octopus Ventures and LG Corp, together with existing investors including Atomico, Kindred Capital, Lux Capital and Obvious […] The post LabGenius Raises £35M in Series B Funding appeared first on FinSMEs.

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JPMorgan targets private credit firm to boost $3.6tn asset management arm

Private Equity Wire

New York-based banking giant JPMorgan Chase & Co is actively seeking to acquire a private credit firm to strengthen its private capital operations within its $3.6tn asset management division, according to a report by Bloomberg. Earlier this year, JPMorgan engaged in talks to purchase Chicago-based Monroe Capital, but the negotiations did not result in a deal, according to Bloomberg’s sources.

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Bigger funds increasingly dominating private markets, fund counts suffer serious drop

AltAssets

Smaller players in the private equity and venture capital markets are increasingly being squeezed out by bigger funds in terms of attracting LP capital, new data from PitchBook shows. The post Bigger funds increasingly dominating private markets, fund counts suffer serious drop first appeared on AltAssets Private Equity News.

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At a New All-Time High, Is It Too Late to Buy Nvidia Stock?

The Motley Fool

There's no denying that investing in Nvidia (NASDAQ: NVDA) stock has been a boon to long-term shareholders. The stock has gained nearly 23,000% since 2014, and its growth has recently accelerated. Shares are up 112% so far this year (as of this writing), nearly 10 times the gains of the S&P 500 , adding to its relentless run. Several catalysts have conspired to send the stock higher over the past decade.

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H Raises $220M in Seed Funding

FinSMEs

H, a Paris, France-based global foundation model and agentic AI company, raised $220M in Seed funding. Backers included Accel, UiPath Inc., Bpifrance, through its Large Venture fund, Eric Schmidt, Xavier Niel, Amazon, FirstMark, Elaia Partners, Eurazeo, Yuri Milner, Bernard Arnault’s Aglaé Ventures, Creandum, Motier Ventures, Samsung, and Visionaries Club among others.

Funds 113
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Private equity giant Hg to acquire risk platform AuditBoard for $3bn

Private Equity Wire

London-based private equity giant Hg has agreed to acquire AuditBoard, a cloud-based platform for audit, risk, compliance and ESG management, in a transaction valued at over $3bn including debt. The acquisition is being led by Hg’s San Francisco-based office, which opened in 2022. AuditBoard was founded in 2014 and serves more than 2,000 enterprises, including nearly 50% of the Fortune 500, according to a press statement.

Debt 97
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Paceline Equity smashes target with $780m Opportunity Fund II close

AltAssets

Dallas-based buyout house Paceline Equity Partners has soared past its $500m target to reach a hefty final close of its second opportunity fund. The post Paceline Equity smashes target with $780m Opportunity Fund II close first appeared on AltAssets Private Equity News.

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Southwest Flight Prices Are Now Displayed on Google Flights

The Motley Fool

Image source: Upsplash/The Motley Fool Many travelers use digital tools to save money on airfare. Google Flights is a popular tool for comparing airfare prices across multiple carriers. Until recently, Southwest flight data was excluded in pricing search results. But Southwest flight prices will now be displayed on Google Flights. This update could help you save money when booking flights for your next trip.

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Haz Raises $1.4M in Pre-Seed Funding

FinSMEs

Haz, a London, UK-based startup providing an AI social commerce app, raised $1.4M in Pre-Seed funding. The round was led by Speedinvest with participation from the scout programmes of A16Z, Atomico and Concept Ventures, along with angels from Lapse, Lendable, Lottie & Ecoigo. The company intends to use the funds to further develop and train […] The post Haz Raises $1.4M in Pre-Seed Funding appeared first on FinSMEs.

Funds 113
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Australia’s HMC Capital acquires real estate fund manager Payton Capital for AUD127.5m

Private Equity Wire

Australian alternative asset manager HMC Capital has entered the private credit sector with an AUD127.5m acquisition of Melbourne-based real estate fund manager Payton Capital, according to a report by the Australian Financial Review. The deal, a combination of cash and stock, will be financed through a AUD100m institutional investor raise and a AUD30m share purchase plan, offering shares at $6.50 each.

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Riata Capital clears hard cap in $285m Fund II close, vehicle is already 50% deployed

AltAssets

Riata Capital, the PE firm co-created by Brazos Equity Partners co-founder Jeff Fronterhouse, has beaten its hard cap for its sophomore fundraise. The post Riata Capital clears hard cap in $285m Fund II close, vehicle is already 50% deployed first appeared on AltAssets Private Equity News.

Capital 97
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1 No-Brainer Retirement Savings Move That You'll Thank Yourself for Later

The Motley Fool

The median retirement savings for American households has increased over the years, reaching $87,000 in 2022. However, that's still nowhere near the $1.46 million that Americans believe they need to retire comfortably, according to a Northwestern Mutual survey. If you want to beef up your retirement savings, there's one move you can make now that your future self will thank you for.

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Johnson & Johnson to Acquire Proteologix

FinSMEs

Johnson & Johnson (NYSE: JNJ) entered into a definitive agreement to acquire Proteologix, Inc., a Redwood City, California-based biotechnology company focused on bispecific antibodies for immune-mediated diseases, for $850M in cash, with potential for an additional milestone payment. The transaction is expected to close mid-year 2024, subject to antitrust clearance and other customary closing conditions. […] The post Johnson & Johnson to Acquire Proteologix appeared first on FinSM

Companies 113
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VC crypto investment on the up after long decline

Private Equity Wire

After a long decline in investment covering seven consecutive quarters, global venture capital investment in crypto companies is on the up again, rising to $2.4bn in the first three months of 2024, according to new data from PitchBook. A Reuters report cites new data from PitchBook in revealing that crypto venture capital flows peaked at $11.1bn in Q1 2022, before going into a long decline, on the back of a series of bankruptcies at major crypto firms during the year, with just $1.7bn invested i

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Healthtech investor Eir Partners almost doubles Fund I total with rapid sophomore raise

AltAssets

Mid-market healthcare and tech investor Eir Partners has picked up almost $500m for its seocnd fundraise, almost double the total it raised for its debut fund. The post Healthtech investor Eir Partners almost doubles Fund I total with rapid sophomore raise first appeared on AltAssets Private Equity News.

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1 No-Brainer Artificial Intelligence (AI) Stock to Buy With $320 and Hold for 10 Years

The Motley Fool

A few months ago, cybersecurity giant Palo Alto Networks (NASDAQ: PANW) said it was observing a tenfold increase in email-based phishing attacks compared to last year. The reason? Generative artificial intelligence (AI) has accelerated the rate at which malicious actors can craft realistic content to trick employees into handing over sensitive information.

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Overland AI Raises $10M in Seed Funding

FinSMEs

Overland AI, a Seattle, WA-based company which specializes in off-road ground vehicle autonomy for the defense sector, raised $10M in Seed funding. The round was led by Point72 Ventures with participation from Shasta Ventures, Ascend VC, Pioneer Square Labs, Voyager Capital, and Cubit Capital. The company intends to use the funds to expand operations and development […] The post Overland AI Raises $10M in Seed Funding appeared first on FinSMEs.

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