Sat.Aug 05, 2023 - Fri.Aug 11, 2023

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3 Social Security Changes Retirees Can Expect in 2024

The Motley Fool

More than 49 million retired workers received a Social Security check in June 2023, and the vast majority of those individuals depend on monthly benefits to some degree, according to Gallup. For that reason, retired workers need to stay current on the program. Social Security undergoes several changes on an annual basis, and understanding those changes can help beneficiaries better budget their money.

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PE firm KKR acquires $373m portfolio of Synovus Bank’s prime auto loans

Private Equity Insights

Private equity giant KKR said on Tuesday it had acquired a $373m portfolio of prime auto loans from Synovus Bank. Shares of Synovus Financial, the parent company of the bank, rose 2.8% in extended trading. KKR, which made the investment through its private credit funds and accounts, said the deal aligns with its asset-based finance strategy. The sale comes as regional banks shed consumer loan portfolios to reduce risk in a rising interest rate environment and look to improve balance sheet liquid

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Trending Sources

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Target Employees Will Now Deliver Starbucks Right to Your Car

Entrepreneur - VC

Customers who order ahead at Starbucks inside Target stores will now have the option to have the order delivered right to their cars. Read more about Target's Drive Up, here.

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Tracer Closes $18.1M Series A Funding

FinSMEs

Tracer, a New York-based provider of a data intelligence platform, raised $18.1M Series A funding. The round was led by NewRoad Capital Partners, Progress Ventures, and BDMI, part of Bertelsmann’s corporate venture arm Bertelsmann Investments, with participation from S4S Ventures and Arbour Way Investors. The investor group also includes Alex Rodriguez and Marc Lore’s VCP Ventures, Kevin Durant and Rich Kleiman’s Thirty Five […] The post Tracer Closes $18.1M Series A Fund

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Bull Market Indicator or Bear Market Rally? History's Message for Where Stocks Could Head Next

The Motley Fool

The Invesco QQQ (NASDAQ: QQQ) ETF has been on a tear so far in 2023. Here's what history shows as a possibility for what could happen next. Of course, technical analysis is not some magical crystal ball, and long-term investors always prosper, but these three charts are something to be aware of as we move to a seasonally weak period for the stock market.

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Advent Buys Australian Fashion Brand Zimmermann in $1bn Deal

Private Equity Insights

Private equity firm Advent International has bought a majority stake in Australian fashion brand Zimmermann from the founding family and Italian fund Style Capital, it said. While the financial terms of the deal were not disclosed, two people close to the matter said the transaction valued the brand at around 14 times its core profit – meaning more than 1 billion U.S. dollars.

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Blackstone Closes Record Energy Transition Private Credit Fund at Over $7 Billion

Blackstone News

Largest private credit energy transition fund ever raised 1 NEW YORK – August 10, 2023 – Blackstone (NYSE: BX) today announced the final close of its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III). BGREEN III closed at its hard cap of $7.1 billion, representing the largest energy transition private credit fund ever raised.

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Which Companies Will Be Winners in the AI Arms Race?

The Motley Fool

One of my favorite technology research analysts is Dan Ives of Wedbush Securities. About a month ago he referred to the boom in artificial intelligence (AI) as a "1995 moment" for the technology sector. For those of you who don't get the reference, he's talking about the widespread adoption of the internet and how it impacted the world thereafter. I've been suspicious for a while that AI is quickly mutating into Wall Street's new favorite buzzword (a la "metaverse" or "blockchain").

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Digital Banking: Paving The Way To The Future of Payments

FinSMEs

In recent years, the landscape of financial transactions has undergone a remarkable transformation with the emergence of digital banking. The advancement in technology has revolutionized how we manage and conduct payments, propelling the traditional banking methods into the modern era. Today, we delve into the promising world of digital banking trends, exploring its myriad benefits […] The post Digital Banking: Paving The Way To The Future of Payments appeared first on FinSMEs.

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Linda Yaccarino Talks X's 'Liberation from Twitter' and What, Exactly, Elon Musk Is Now 'Responsible' For

Entrepreneur - VC

In her first-ever interview as CEO of X, Linda Yaccarino spoke with CNBC about the social media platform's rebrand, Musk's role in everything, and where she hopes to see the company go.

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What Earnings Recession?

The Big Picture

My RWM colleagues Josh Brown and Michael Batnick do a bang-up job each week diving into the specifics of the newsflow in What Are Your Thoughts? Don’t miss my favorite chart from this week’s discussion 46 minutes deep into the episode ; its from Bank of America by way of Batnick (above). All of the fall-off surrounding the 8% pullback in S&P 500 profits — literally, more than 100% of it — is due to the huge drop in energy profits.

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3 Things About Tilray Brands That Smart Investors Know

The Motley Fool

With its stock up by 85% in the last 30 days alone, the global marijuana magnate Tilray Brands (NASDAQ: TLRY) is on a hot streak, to say the least. Between the start of a bounceback in the North American marijuana market, the end of the bear market, and big strategic plays, this company is quickly shedding the afflictions that kept its stock in decline over the last few years.

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Kivera Raises $3.5M Seed Funding

FinSMEs

Kivera, a NYC-based cloud security company, raised $3.5M in seed funding. Backers included General Advance, Round 13 Capital and several angel investors including Srinath Kuruvadi, Managing Director and Head of Cloud Security, JP Morgan & Chase; Ely Kahn, VP Product for Cloud Security and AI/ML at SentinelOne; Dimitri Sirota, Founder and CEO of BigID; and other senior executives […] The post Kivera Raises $3.5M Seed Funding appeared first on FinSMEs.

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Forget Paying for Ads on Google and Facebook. Use These 6 Marketing Tactics Instead.

Entrepreneur - VC

Too many businesses play it safe with the same old paid marketing strategies during this economically uncertain post-pandemic period. Break the tired routine with these six strategies.

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TVS Supply Chain Solutions Ltd IPO (Subscribe)

Fintoo

Highlights Issue Size – 46,298,759 – 44,670,050 shares Issue Open/Close – Aug 10/Aug 14, 2023 Price Band (Rs.) 187-197 Issue Size- Rs 8,660 – 8,800 mn Face Value (Re.) 1 Lot Size (shares) 76 TVS Supply Chain Solutions Ltd (TVS SCSL) is India’s largest and one of the fastest growing integrated supply chain solutions providers […] The post TVS Supply Chain Solutions Ltd IPO (Subscribe) appeared first on Fintoo Blog.

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Is Vir Biotechnology Stock a Buy?

The Motley Fool

Early in the coronavirus pandemic, Vir Biotechnology 's (NASDAQ: VIR) stock rose -- literally and figuratively -- as it joined the list of biotechs looking for vaccines and therapies for the disease. But even though it found some success, with the pandemic now receding, investors have largely abandoned the stock. Vir's shares are down by 47% this year alone.

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Supportwave Raises $2.2M in Seed Funding

FinSMEs

Supportwave, a London, United Kingdom – based IT services company that connects businesses with IT specialists on-demand, raised $2.2m in seed funding. Backers included High-Tech Gründerfonds, Big Sur Ventures and Fuel Ventures. The company intends to use the funds to expand its resource pool in an effort to gain significant market share in the SMB […] The post Supportwave Raises $2.2M in Seed Funding appeared first on FinSMEs.

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Alexis Ohanian Says This Is the No. 1 Thing the 'Most Successful CEOs' Regret Not Doing

Entrepreneur - VC

Reddit cofounder Alexis Ohanian took to social media platform X on Wednesday to talk about striking a "harmony" between fatherhood and work. Here's what the "most successful CEOs" do.

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Building portfolio resilience in the face of uncertainty

Top 1000 Funds

As the multitude of macro-economic risks influence market conditions in unpredictable and unprecedented ways, CIOs are facing the most challenging and interesting times in their careers. A group of investors came together in London to shareideas on how to best assess risk and position their funds for the challenges and opportunities in this increasingly demanding market.

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Warren Buffett's Favorite Stock Just Did Something It Hasn't Done Since 2016

The Motley Fool

When examining Warren Buffett's Berkshire Hathaway investment portfolio, it's hard to deny what his favorite stock is. With around 45% of the portfolio wrapped up in Apple (NASDAQ: AAPL) stock, it's pretty clear he prefers this company over others (especially considering the next-highest weight in his portfolio is 9%). However, Apple just did something it hasn't done in seven years.

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CloudMellow Acquires Idea Marketing Group

FinSMEs

CloudMellow, a Dallas, TX-based enterprise solutions provider offering branding, web design, digital marketing, application & product development, hosting and managed services, acquired Idea Marketing Group, a Chicago, IL-based website design company. The amount of the deal was not disclosed. With the acquisition, CloudMellow will further strengthen its portfolio of digital agencies.

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Tech-Savvy Thieves Are Using Bluetooth to Steal Pricey Devices from Cars in New Burglary Trend

Entrepreneur - VC

Criminals in the Bay Area are utilizing Bluetooth technology to locate valuable electronic devices within parked cars, prompting police warnings. Read more about the new rash of car break-ins, here.

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New challenges, new solutions, new opportunities: Key findings from our State of Enterprise Tech report

Insight Partners

Enterprises don’t stand still for long – and neither does the technology that supports them. Enterprise tech stacks and strategies are constantly evolving, as new challenges emerge and new solutions are developed in response. Download the full report Insight Partners is privileged to watch that digital transformation unfold in real-time – and to have access to the unique perspectives of the senior leaders driving the change.

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This 7.3%-Yielding Dividend Stock Remains an Excellent Income Investment

The Motley Fool

Enbridge (NYSE: ENB) has an exceptional history of paying dividends. The Canadian pipeline and utility giant has increased its payout for 28 straight years. Fueling that steady growth is Enbridge's ability to expand its network of income-producing energy infrastructure assets. The company remains an excellent option for income-seeking investors. That was clear again this quarter as it produced steady results and continued making progress in securing new sources of earnings growth.

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Halodoc Closes $100M Series D Funding Round

FinSMEs

Halodoc, a Jakarta, Indonesia-based digital healthcare ecosystem platform, completed a Series D funding round. According to reports, the amount of the deal was USD100M. The round was led by PT Astra International Tbk through its subsidiary, PT Astra Digital Internasional, with participation from Openspace and Novo Holdings. The company intends to use the funds to expand operations and its business […] The post Halodoc Closes $100M Series D Funding Round appeared first on FinSMEs.

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First-Ever Mother-Daughter Duo to Travel to Space Together This Week After Winning Contest

Entrepreneur - VC

Keisha Schahaff and her daughter Anastasia Mayers will make history as the first-ever mother-daughter duo to fly to space on Thursday after winning a competition through Richard Branson's Virgin Galactic.

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Summer Fun for Retirees

Integrity Financial Planning

Embracing an active lifestyle during the golden years is both rewarding and beneficial for overall health. As the summer season unfolds, it offers retirees an opportunity to engage in a variety of activities that not only keep them physically active but also stimulate their minds and foster social connections. Here are six engaging summer activities that you can enjoy.

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Better Buy: XRP or Polygon?

The Motley Fool

Among the list of top cryptocurrencies trading for less than $1, two names stand out: XRP (CRYPTO: XRP) and Polygon (CRYPTO: MATIC). XRP and Polygon are trading at nearly the same price range ($0.60 to $0.70), and both are top-15 cryptocurrencies by market cap. But the fortunes of the two have diverged widely this year -- XRP is up almost 90%, while Polygon is down nearly 10% for the year.

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Atmosfy Raises $12M in Seed Funding

FinSMEs

Atmosfy, a San Francisco, CA-based provider of a video platform for reviewing live dining and nightlife experiences, raised $12M in Seed funding. The round was led by Redpoint Ventures with participation from Palm Tree Crew Investments (Kygo), Streamlined Ventures, Industry Ventures, Canaan Partners, Village Global, Progression Fund and Convivialite Ventures.

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Campbell Soup Set to Acquire Iconic Italian Food Brand Rao's and Parent Company Sovos Brands for $2.33 Billion

Entrepreneur - VC

Campbell Soup announced it will acquire Sovos Brands, the parent company of Rao's Specialty Foods, for $2.33B, expanding its premium Italian sauces offerings and strengthening its Meals & Beverages division.

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Net zero: engagement and renewable energy investments pay off at USS

Top 1000 Funds

The UK’s largest private pension fund, USS has made ground on its path to net zero with effective engagement, measuring the Scope 3 emissions of its corporate assets and bottom-up carbon analysis focused on transition risk in emerging market equitiea. But investors need policy makers to do much more.

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Is AT&T Stock a Buy Now?

The Motley Fool

U.S. telecom company AT&T (NYSE: T) might be the latest example of a stock that seems like it can't go much lower -- shares of the company trade for roughly $14 each, their lowest price since the mid-1990s. But there must be a bottom. After all, AT&T is the leading wireless carrier in the United States, and the company is doing some positive things in its core wireless business.

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zkPass Raises $2.5M in Seed Funding

FinSMEs

zkPass, a provider of in privacy-preserving solutions, raised $2.5m in seed funding. Backers included Binance Labs, Sequoia China, OKX Ventures, dao5, SIG DT Investments — a Susquehanna International Group company — Cypher Capital, Leland Ventures, and Blockchain Founders Fund. The company intends to use the funds to advance the development of its pre-alpha testnet. zkPass is a privacy-preserving […] The post zkPass Raises $2.5M in Seed Funding appeared first on FinSMEs.

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10 Friday AM Reads

The Big Picture

My end-of-week morning train WFH reads: • Seth Klarman on What Makes a Value Investor and Committing ‘Sacrilege’ in New Edition of ‘Security Analysis.’ Klarman edited the classic to remind investors of basic principles — but he questions “how much of this will be read by institutional investors who may think they know it all.” ( Institutional Investor ) • Flying Cars Are Nearly Here—and They’re Electric : Companies like Joby and Archer are about to begin production of electric vertical takeoff a