Sat.Apr 13, 2024 - Fri.Apr 19, 2024

article thumbnail

Is Auto Insurance Becoming a Crisis?

A Wealth of Common Sense

I was perusing the BLS data following the inflation release last week and one number sticks out like Victor Wembanyana standing next to a group of kindergartners. Auto insurance was up 22% over the previous 12 months versus an overall inflation rate of 3.5%. Look at the change in auto insurance rates these past few years: It’s like a meme stock.

130
130
article thumbnail

3 Reasons Hybrid Cars Are Worth the Investment

The Motley Fool

Image source: Upsplash/The Motley Fool Electric cars are the future, so I signed on to finance my 2021 Toyota Corolla Hybrid last month. Hybrids aren't EVs, but right now? They're perfect. There are good reasons to invest in a hybrid car, even at a time when Tesla Model 3s are becoming price-competitive with some hybrids. It boils down to timing. Right now, EVs are going through puberty.

Investing 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

dataplor Raises $10.6M in Series A Funding

FinSMEs

dataplor, a Manhattan Beach, CA-based provider of global location intelligence solutions, raised $10.6M in Series A funding. The round was led by Spark Capital with participation from Quest Venture Partners, Acronym Venture Capital, Circadian Ventures, Two Lanterns Venture Partners and APA Venture Partners. Alex Finkelstein, General Partner at Spark Capital, will join dataplor’s board of […] The post dataplor Raises $10.6M in Series A Funding appeared first on FinSMEs.

article thumbnail

Giants APG and GPIF collaborate on infra

Top 1000 Funds

Two of the biggest pension funds in the world, the Dutch APG and Japan’s GPIF, have joined forces to invest in large scale infrastructure deals. The move comes as APG Asia head Thijs Aaten says he envisages more than half of the fund’s real assets will be in Asia.

article thumbnail

The Psychology of Inflation

A Wealth of Common Sense

A reader asks: I get all the stuff Ben has been saying about inflation — wages have kept pace, economic growth has been higher than the 2010s, wages have risen the most for lower income people, etc. I get all that. My husband and I own a house and own stocks so we’ve benefitted in recent years. Having said all of that, I STILL CAN’T GET OVER HOW HIGH PRICES ARE!!!

119
119
article thumbnail

Why VinFast Auto Stock Collapsed This Week

The Motley Fool

Shares of VinFast Auto (NASDAQ: VFS) slumped as much as 30% this week, according to data from S&P Global Market Intelligence. The Vietnam-based electric vehicle (EV) manufacturer reported poor growth and earnings for the first quarter of 2024, causing investors to sell off the stock. As of this writing, shares of VinFast Auto have fallen 96% from all-time highs set in late 2023 when it made its debut on the public markets.

Financing 246

More Trending

article thumbnail

Riverside considering sale of private credit operation

Private Equity Wire

The Riverside Company, a US private equity firm focused on making control and non-control investments in growing businesses valued at up to $400m, is considering strategy options for direct lending arm Riverside Credit Solutions, including a sale of the business, according to a report by Bloomberg. The report cites unnamed people with knowledge of the matter as confirming that the firm is negotiating with potential buyers of the unit, which provides flexible cash flow-based financing solutions t

article thumbnail

Rich People Who Don’t Feel Rich

A Wealth of Common Sense

How much money do you have to make to feel rich? It’s a subjective question. A lot depends on your lifestyle, where you live, how much you spend and save, your peer group, and your vulnerability to comparison. The comparison piece matters more than most are willing to admit. Wealth is relative. JP Morgan once said, “Comparison is the thief of joy.” It’s easy to say when you’re one of the weal.

Financing 114
article thumbnail

Here's Why This Smart Water Meter Company's Stock Surged 23% This Week

The Motley Fool

Badger Meter (NYSE: BMI) stock had soared by 16.7% for the week through Friday morning as the market digested the company's record-setting first-quarter results. What Badger Meter does The company generates around 85% of its revenues from selling utility water smart metering solutions, tools that enable utilities to more accurately measure their water and wastewater customers' usage, and bill them accordingly.

Companies 246
article thumbnail

Hatch Raises $3M in Seed Funding

FinSMEs

Hatch, a NYC-based provider of AI-powered donor engagement solutions for nonprofits, raised $3M in Seed funding. The round was led by Differential Ventures with participation from Character, Howard Morgan, and angel investors. The company intends to use the funds to accelerate product development, grow its team, and expand its customer base. Hatch provides a ‘Giving Intelligence’ […] The post Hatch Raises $3M in Seed Funding appeared first on FinSMEs.

article thumbnail

PE firms eyeing potential NFL gains

Private Equity Wire

The private equity sector has its sights set on the US National Football League (NFL), with several firms quietly preparing funds that would exclusively make NFL investments to comply with potential ownership pre-conditions, according to a report by the Financial Times. The report cites three unnamed people briefed on the matter as revealing that a special committee of NFL owners has been reviewing ownership policy since last summer.

Stakes 98
article thumbnail

How Long Does it Take For a 10 Bagger in the Stock Market?

A Wealth of Common Sense

I first heard the term ‘bagger’ in One Up on Wall Street by Peter Lynch. He writes about Microsoft being a 100-bagger (the book came out in 1989). He mentions Dell as an 889-bagger. Subaru was a 156-bagger. There were a lot of other baggers as well. Lynch is credited with the term ten-bagger for a stock that’s up 10x. There are some well-known ten-baggers during the current bull run.

article thumbnail

Is Vertex Pharmaceuticals Stock a Millionaire Maker?

The Motley Fool

Vertex Pharmaceuticals (NASDAQ: VRTX) is a growing pharmaceutical company with a robust cystic fibrosis (CF) business that generated nearly $10 billion in revenue last year. While there is still more room for the business to get bigger, Vertex is already at a sizable market cap of $100 billion. Does this stock have enough runway to generate significant returns and help you become a millionaire in the long run?

Prospects 246
article thumbnail

Centrifuge Raises $15M in Series A Funding

FinSMEs

Centrifuge, an onchain finance startup, raised $15m in Series A funding. The round was co-led by ParaFi Capital and Greenfield, with participation from Gnosis, IOSG Ventures, Modular Capital, Circle Ventures, Edessa Capital, ProtoCap, Re7 Capital, Scytale Digital, Skynet Trading, TRGC, Arrington Capital, Bloccelerate, Borderless Capital, Wintermute Ventures, Stake Capital, and The Spartan Group.

Funds 113
article thumbnail

How can I be sure my financial advisor isn’t going to steal my money?

Sara Grillo

One of the biggest fears that people have, when they are looking for a financial advisor, is this: “Is it truly impossible for an advisor to say wire themselves a few million dollars from a client’s account?” I’m going to answer that question in this blog about financial advisors stealing money and how to protect yourself. But before we get into it… Look, there are alot of schmucks out there hawking crap products disguised as financial advice.

article thumbnail

Vestcor Returns 7.5% For 2023

Pension Pulse

Benefits Canada reports Vestcor returns 7.5% for 2023, amid rising inflation, high interest rates: Vestcor Corp. is reporting a 7.5 per cent return for 2023, despite the challenges of rising inflation and high interest rates. The New Brunswick-based investment organization achieved five- and 10-year annualized returns of 6.27 per cent and 6.73 per cent, respectively.

Returns 98
article thumbnail

Why Nvidia Stock Plunged 10% Today

The Motley Fool

It's rare for a $2 trillion stock to fall on no direct news, but that's exactly what happened to Nvidia (NASDAQ: NVDA) today. Shares of the AI chip leader got swept up in a broader AI sell-off after one analyst noted that Super Micro Computer (NASDAQ: SMCI) , another AI stock leader , failed to report preliminary revenue , casting doubt on its upcoming results.

Returns 246
article thumbnail

Langdock Raises $3M in Seed Funding

FinSMEs

Langdock, a Berlin, Germany-based provider of a platform empowering companies to leverage large language models (LLMs) while staying in control of their data, raised $3M in Seed funding. The round was led by General Catalyst alongside La Famiglia, with participation from Y Combinator, Rolf Schrömgens (Trivago), Hanno Renner (Personio), Johannes Reck (GetYourGuide), and Erik Muttersbach […] The post Langdock Raises $3M in Seed Funding appeared first on FinSMEs.

Funds 113
article thumbnail

DTCP soars to €1.6bn digital infra fund close, over 8x larger than debut in strategy

AltAssets

DTCP, the infra and growth investment house launched by senior venture capital execs at Deutsche Telekom, has raised about €1.6bn for the final close of its new digital infra fund. The post DTCP soars to €1.6bn digital infra fund close, over 8x larger than debut in strategy first appeared on AltAssets Private Equity News.

article thumbnail

Arsenal Capital Partners adds Operation Partner

Private Equity Wire

Arsenal Capital Partners, a private equity firm specialising healthcare and industrial companies, has expanded its team with the addition of Raymond Hill as an Operating Partner. In his new role, Hill will work within the firm’s healthcare team and will focus on pharmaceutical services investment themes and portfolio companies. Most recently, Hill served as Chairman and CEO of biopharmaceutical data provider CorEvitas.

Capital 97
article thumbnail

Prediction: Meta's Artificial Intelligence (AI) Could Mean Trouble for ChatGPT

The Motley Fool

Meta Platforms (NASDAQ: META) introduced Meta AI on Thursday, and it's another easy-to-use artificial intelligence chatbot to compete with ChatGPT. But it's far easier to use, and every point of friction that's eliminated is a threat to OpenAI's once-dominant position. Travis Hoium covers the new product in the video below. *Stock prices used were end-of-day prices of April 18, 2024.

Returns 246
article thumbnail

Zeko Labs Raises $3M in Funding

FinSMEs

Zeko Labs, a San Francisco, CA-based blockchain company focused on developing decentralized finance and software solutions, raised $3M in funding. The round was led by UOB Venture Management, Signum Capital, and YBB Capital, with participation from Autonomy Capital, Cogitent Ventures, GBV, Tenzor Capital, 3Commas Capital, ArkGrow, AVID3, Cryptonauts, Nox Holdings, NxGen.xyz, SkyVision Capital (SVC), and Presto Labs. […] The post Zeko Labs Raises $3M in Funding appeared first on FinSMEs.

Funds 114
article thumbnail

Podcast-turned-venture firm 20VC is back with its largest fund yet

AltAssets

20VC, the venture capital firm that launched off the success of the Twenty Minute VC podcast, is seeking $400m for its third flagship fund. The post Podcast-turned-venture firm 20VC is back with its largest fund yet first appeared on AltAssets Private Equity News.

article thumbnail

One Equity Partners sells Walki to Japan’s Oji Group

Private Equity Wire

One Equity Partners (OEP) has completed the sale of Walki Group Oy, a European supplier of packaging and engineered materials solutions, to Japanese paper products technology company Oji Group. According to a press release, during its ownership of Walki, OEP supported the company’s growth by enabling the execution of acquisitions, which strengthened its market position and broadened its product offering.

article thumbnail

I Submitted My Taxes and Got a CP2000 Notice From the IRS. Help!

The Motley Fool

Image source: Getty Images So you submitted your tax return and heaved a big sigh of relief at having one unpleasant task in your life done with. But what if, weeks later, there's now a notice from the IRS sitting in your mailbox called a CP2000? At first, a CP2000 notice might seem like an audit -- but it's not. It's merely a notice from the IRS indicating that the information you entered on your tax return doesn't match the agency's records.

Taxes 246
article thumbnail

Upstage Raises $72M in Series B Funding

FinSMEs

Upstage, a San Jose, CA-based AI company specializing in large language models (LLMs) and Document AI, raised $72M in Series B funding. Backers included SK Networks, KT, Korea Development Bank, Shinhan Venture Investment, Hana Ventures, Mirae Asset Venture Investment, and Industrial Bank of Korea. Existing investors, such as SBVA (formerly SoftBank Ventures Asia), Primer Sazze […] The post Upstage Raises $72M in Series B Funding appeared first on FinSMEs.

Funds 113
article thumbnail

Exit Preparation: What Business Owners Need To Know

Axial

When we surveyed Axial’s Investment Banking membership on the topic of exit preparation, we asked a wide range of questions with the hope of distilling the best tips and guides for exit-curious business owners. We then put together a five-part article series with the results and insights gained from those survey responses. Today, we are pleased to share this Exit Preparation ebook, which was assembled by compiling the articles above and additional survey results.

Legal 98
article thumbnail

Sunstone makes growth investment in healthtech Accuhealth

Private Equity Wire

Software-focused private equity firm Sunstone Partners has invested in Accuhealth, a healthcare technology company providing remote patient monitoring and chronic care management solutions. Accuhealth’s solutions encompass hardware, proprietary software and clinical monitoring for physician practices and health systems in the US. Sunstone Partners’ investment is intended to support the firm’s future growth and the expansion of the its service offerings, according to a press rel

article thumbnail

History Says the Nasdaq Will Continue to Soar in 2024: My Top 5 Artificial Intelligence (AI) Growth Stocks to Buy Before the Surge Continues

The Motley Fool

After enduring one of its worst performances since 2008, the Nasdaq Composite has turned things around, gaining 50% since the beginning of last year. After such a sharp move higher, some investors wonder if much upside remains. Yet a review of the data suggests the current market rally still has room to run. Since the storied index began trading back in 1972, every year after a market recovery begins, the tech-heavy index has risen 19%, on average.

Stakes 246
article thumbnail

Bridgewise Raises $21M in Funding

FinSMEs

Bridgewise, a London, UK-based provider of an AI-based analysis platform for global securities, raised $21M in funding. The round was led by SIX Group with participation from Group11, L4 Venture Builder, and others The company intend to use the funds to accelerate market penetration and growth. Led by CEO Gaby Diamant, Bridgewise has developed proprietary AI-based technology and […] The post Bridgewise Raises $21M in Funding appeared first on FinSMEs.

Funds 113
article thumbnail

Deal Roundup: Ridgelake buys into PE firm TorQuest, Wynnchurch picks up Handgards from Wind Point

AltAssets

GP stake acquirer Ridgelake has made a passive, minority investment in Toronto-based buyout firm TorQuest Partners. TorQuest said the deal would provide it with long-term capital to support the ongoing growth of the platform. Ridgelake was founded through a strategic partnership between OA Private Capital and Apogem Capital. Last December TorQuest announced the C$2.1bn hard […] The post Deal Roundup: Ridgelake buys into PE firm TorQuest, Wynnchurch picks up Handgards from Wind Point first

Buyout 93
article thumbnail

Fund administrator Alter Domus goes live on Temenos Multifonds platform

Private Equity Wire

Alter Domus, a provider of tech-enabled fund administration, private debt and corporate services for the alternative investment industry, has gone live on Temenos’ automated Multifonds fund management platform. Alter Domus is headquartered in Luxembourg and has large operations in the US. The provider employs around 5,100 across 38 offices globally.

article thumbnail

68% of Warren Buffett's $372 Billion Portfolio Is Invested in Just 4 Stocks

The Motley Fool

Wall Street is a bona fide long-term wealth creator, and few money managers know this better than Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. Since taking the reins at Berkshire nearly six decades ago, the appropriately named "Oracle of Omaha" has overseen a 4,913,549% aggregate return in his company's Class A shares (BRK.A) and practically doubled up the annualized total return, including dividends paid, of the broad-based S&P 500.

article thumbnail

ClaimScore Raises $3.15M in Seed Funding

FinSMEs

ClaimScore, a Pompton Lakes, NJ-based provider of AI-based, real-time claim validation software, raised $3.15M in Seed funding. The round was led by ROC Venture Group. The company intends to use the funds for continued growth and general operations, with a focus on expanding its offerings for law firms, in-house counsel, and claims administrators. Founded in […] The post ClaimScore Raises $3.15M in Seed Funding appeared first on FinSMEs.

Law Firms 112