Sat.Sep 30, 2023 - Fri.Oct 06, 2023

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Why Rivian Stock Bounced Back Big-Time Wednesday

The Motley Fool

What happened Shares of electric truck maker Rivian Automotive (NASDAQ: RIVN) took it on the chin yesterday as a "red" stock market spooked investors in volatile growth companies. Worries over rising interest rates may have also caused investors to wonder whether Rivian's business selling $80,000 electric trucks will be viable in the long run. Lost in all the bad news, however, was some good news for Rivian shareholders: positive notes of support from two of Wall Street's investment banks, which

Banks 264
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Carlyle Group leads race to buy Medtronic units for $7bn

Private Equity Insights

The Carlyle Group is leading the race to buy Medtronic’s connected patient monitoring and respiratory care operations, Reuters reported. Patient monitoring and respiratory interventions, part of Medtronic’s Medical Surgical portfolio, are among the slower-growing parts of the company. While neither business has the type of growth profile that Medtronic is targeting, they could be attractive to another company.

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Trending Sources

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Goal-oriented: 7 private equity deals in the sports sector

PE Hub

Apollo, Clearlake and Sixth Street are among the private equity firms buying and selling in the wide world of sports. The post Goal-oriented: 7 private equity deals in the sports sector appeared first on PE Hub.

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Cancelling Michael Lewis

The Big Picture

“If you want to read a moral condemnation of crypto theft, you can get that anywhere. You go to Michael Lewis for character and story.” – Matt Levine Michael Lewis’s new book “ Going Infinite: The Rise and Fall of a New Tycoon ” came out this week. I got a copy earlier after signing an NDA that I would not disclose anything about it until after the publication date, which was Tuesday, October 3rd.

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Why VinFast Auto Stock Plunged More Than 30% This Week

The Motley Fool

What happened Shares of VinFast Auto (NASDAQ: VFS) are falling fast and furious this week -- they were down a whopping 36.7% through 10:25 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. With this week's dramatic drop, the electric vehicle (EV) stock -- which made a sizzling debut in the U.S. in August -- is now 90% off its peak.

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Ex-Warburg Pincus head strikes healthcare deal from $570m fund

Private Equity Insights

Private equity firm Ascend Capital Partners has acquired a majority stake in a leading physician-run independent physician associations operating in seven states. The firm has joined with Seoul Medical Group (SMG), with almost 400 primary care physicians and 4,400 specialists serving more than 70,000 patients in California, Georgia, Hawaii, New Jersey, New York, Virginia and Washington.

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10 Quotes That Shaped My Investment Philosophy

The Big Picture

We all love to use quotations in our arguments. It’s both an appeal to higher authority as well as social proof ( Hey! I’m not the only one who believes this stuff ). I find it useful occasionally to go back to first principles and reconsider the sources that have influenced my thinmking. Along those lines, here are in chronological order, the thinkers who have helped shape how I view the world view, including how I philosophically think about the economy, markets, and investing.

Investing 137
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4 Lies People Believe About Winning the Powerball

The Motley Fool

Image source: Getty Images Big lotto jackpots are in the news again, thanks to the recent kerfuffle over Powerball -- when no one wins, the eventual payout gets higher and higher. When it passes $1 billion, it's all but guaranteed to make the evening news (and the morning news). As a result, you might be hearing a lot of myths, falsehoods, and flat-out lies from friends, family members, and colleagues about winning that Powerball jackpot.

Taxes 246
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ESG ratings: whose interests do they serve?

Financial Times: Moral Money

Regulators and politicians are focusing on the accuracy, transparency and potential for conflicts of interest with sustainability scores

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Warburg’s Ruoxi Chen: Innovative therapies will drive demand for Simtra BioPharma Solutions

PE Hub

Warburg Pincus and Advent International earlier this week completed the carve-out of Baxter International’s BPS business for $4.25bn. The post Warburg’s Ruoxi Chen: Innovative therapies will drive demand for Simtra BioPharma Solutions appeared first on PE Hub.

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$109 Trillion Global Stock Market

The Big Picture

Source: Visual Capitalist Batnick also takes a swing at this: What’s the Stock Market Worth? The post $109 Trillion Global Stock Market appeared first on The Big Picture.

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Afraid to Open Your Bank Statement? Here's How to Overcome That Fear

The Motley Fool

Image source: Getty Images If you're someone who hides from their bank statement each month, you've taken a big step just by opening this article. Facing your fears isn't easy, especially when it comes to money. Read on for five no-shame, no-lecturing steps you can take right now. How to overcome your financial fears The first step in overcoming emotional blocks is to banish that horrible word, "should.

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Tech Workers Are Paying Up to $900 a Month for Tiny Bed 'Pods' in San Francisco

Entrepreneur - VC

For $900 a month, tech workers and startup founders looking to save money in San Francisco have moved into bunk bed-like "pods." Read more about pod living, here.

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PEWIN appoints Emily Mendell as executive director

PE Hub

Mendell has previously held leadership positions at NVCA and ILPA. The post PEWIN appoints Emily Mendell as executive director appeared first on PE Hub.

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Navigating the Cryptocurrency Landscape

FinSMEs

Cryptocurrencies have emerged as a groundbreaking phenomenon in the ever-evolving realm of finance. Digital currencies using blockchain technology have gone beyond traditional finance systems. They provide new ways to invest and do financial transactions. For beginners, stepping into the world of cryptocurrencies can be daunting. It’s like navigating uncharted waters.

Financing 122
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Why NextEra Energy Partners Sank Almost 30% This Week

The Motley Fool

What happened Shares of NextEra Energy Partners (NYSE: NEP) fell again this week, plunging 29.3% through Thursday trading, according to data from S&P Global Market Intelligence. This week marked an ugly snowball effect on top of last week's roughly 35% decline, which was set off when the yieldco announced it was lowering its dividend growth model.

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'Earth Shaking News': Fans Rejoice Over the Return of 'Retired' McDonald's Cult-Favorite Item

Entrepreneur - VC

McDonald's confirmed that it is bringing back the McRib sandwich this November for a limited time in select locations, less than one year after the chain claimed it was being retired for good.

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Jeff Zucker-led RedBird IMI invests in Front Office Sports

PE Hub

'Audiences are more interested than ever in the business of sports,' said Zucker, former president of CNN Worldwide and CEO of NBCUniversal. The post Jeff Zucker-led RedBird IMI invests in Front Office Sports appeared first on PE Hub.

Investing 205
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Prins AI Raises $100M in Series B Funding

FinSMEs

Prins AI, a technology company utilizing advanced AI to create digital identities for enterprises, brands, celebrities, and individuals, closed a $100m Series B financing round. The round was spearheaded by AAB VC. Following the earlier $22m Series A+ and $10m Series A funding, this latest funding further bolsters the company’s financial strength.

Funds 120
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Why NextEra Energy Stock Plunged to 2020 Lows This Week

The Motley Fool

What happened After falling by double-digit percentages in the last week of September, shares of NextEra Energy (NYSE: NEE) extended their declines this week and were trading 13% lower through 1:20 p.m. ET Friday, according to data provided by S&P Global Market Intelligence. The stock, in fact, has now fallen to levels last seen in early 2020. With more and more analysts becoming cautious about the utility stock 's prospects after last month's unexpected developments, investors are increasin

Banks 246
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Walgreens' Battle Over High-Tech Cooler Doors Heats Up

Entrepreneur - VC

Walgreens and Cooler Screens are embroiled in a legal dispute over the failure of digital screens, with Cooler Screens suing Walgreens for obstructing a nationwide rollout.

Legal 117
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Highland West Capital-backed Bid Group snaps up YGE

PE Hub

Based in Prince George, British Columbia, Bid Group is an integrated supplier of equipment, engineering and optimization services and related solutions to the wood processing industry. The post Highland West Capital-backed Bid Group snaps up YGE appeared first on PE Hub.

Bidding 203
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Health Data Analytics Institute Raises $31M in Funding

FinSMEs

Health Data Analytics Institute (HDAI), a Boston, MA-based artificial intelligence (AI) company focused on empowering clinicians, optimizing care pathways, and improving patient outcomes, received $31m in Series C financing. The company intends to use the funds to scale its predictive risk platform. Led by Nassib Chamoun, Founder and CEO, Health Data Analytics Institute (HDAI) is a care […] The post Health Data Analytics Institute Raises $31M in Funding appeared first on FinSMEs.

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Why Verizon Stock Dropped 3.3% on Friday

The Motley Fool

What happened Shares of Verizon (NYSE: VZ) fell as much as 3.3% in trading on Friday as the market faces pressure from the continued increase in interest rates. At 3:30 p.m. ET, shares were down 1.1%, still well behind the S&P 500 's gain of 1.3% for the day. So what Verizon continues to battle rising interest rates, and the U.S. 10-year government bond yield was up 6 basis points to 4.78% today.

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A Guide to Effective Crisis Leadership — Key Steps to Lead Your Team Through Turbulent Times

Entrepreneur - VC

The essential strategies and skills required to be a successful crisis leader and guide your organization through difficult times.

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Ascend Capital makes majority investment in Seoul Medical Group; SK Capital completes acquisition of Milestone Environmental Services

PE Hub

Ascend Capital's majority investment in Seoul Medical Group; SK Capital's deal with Milestone Environmental Services; and Excellere Partners' two-asset continuation fund deal. The post Ascend Capital makes majority investment in Seoul Medical Group; SK Capital completes acquisition of Milestone Environmental Services appeared first on PE Hub.

Capital 203
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Higher For Longer vs. the Stock Market

A Wealth of Common Sense

Over the past few months, there has been a swift re-rating in longer-term bond yields. The 10 year treasury is now yielding around 4.8%, up from a low of 3.3% as recently as April. It was yielding 3.7% in July. Many pundits believe the bond market is only now waking up to the potential of a higher-for-longer interest rate regime caused by strong labor markets, a resilient economy, higher-than-expected inflation and Fed po.

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2 Stock-Split Artificial Intelligence (AI) Stocks to Buy Hand-Over Fist in October

The Motley Fool

Investor psychology is hugely important in the stock market. That's part of the reason why companies use stock splits to lower their share price, making them more attractive and accessible to smaller investors without changing the overall market value of the company. These events are usually seen as bullish signs and can boost interest in a stock. Over the last few years, Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) have used stock splits multiple times to manage their impressive share price

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Two of Amazon's Most Popular Prime Features Might Actually Be Illegal

Entrepreneur - VC

As the Federal Trade Commission carries out its landmark antitrust lawsuit against Amazon, some of the most recognized features of the e-commerce giant's business may turn out to be illegal.

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Brookfield to acquire Banks Group’s renewable energy unit

PE Hub

UK-based Banks Renewables is an operator of onshore wind farms. The post Brookfield to acquire Banks Group’s renewable energy unit appeared first on PE Hub.

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iCleanse Receives $1M Credit Financing From Enhanced Capital

FinSMEs

iCleanse, an Avon, CT-based DOOH (Digital Out-of-Home) startup that develops Swift UV units for phone disinfection and advertising revenue for businesses, received $1m credit financing from Enhanced Capital. The funding will enable iCleanse to boost operations, as it plans to utilize the investment to hire new employees while strengthening R&D operations.

Financing 109
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Why CrowdStrike, Cloudflare, Zscaler, and Other Cybersecurity Stocks Soared on Friday

The Motley Fool

What happened Wall Street ended the week on a high note. The broader economy took center stage as investors digested the latest monthly jobs report and what it means for the direction of the overall economy. While the jobs market remains remarkably robust, the data offered tantalizing clues that the results weren't as strong as they initially appeared.

Banks 246
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'Beware': Tom Hanks Warns of AI Danger After Advertisement Uses His Likeness Without Permission

Entrepreneur - VC

Tom Hanks told his Instagram followers that a false advertisement is using his likeness without permission. Read more about fake, AI-created ads.

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Advent, Warburg Pincus complete acquisition of Baxter’s BPS biz

PE Hub

BPS business will operate under the name Simtra BioPharma Solutions. The post Advent, Warburg Pincus complete acquisition of Baxter’s BPS biz appeared first on PE Hub.

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