Sat.Aug 26, 2023 - Fri.Sep 01, 2023

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Why Okta Stock Was Soaring Today

The Motley Fool

What happened Shares of Okta (NASDAQ: OKTA) , the identity-for-the-cloud specialist, were moving higher today after the company posted strong results in its second-quarter earnings report. As of 10:52 a.m. ET, the stock was up 12.6%. So what In a challenging environment for software stocks , Okta posted impressive results as management said the macro environment was stabilizing.

Companies 246
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KSL Capital acquires in a $1.4bn deal the owner of 25 U.S. luxury hotels

Private Equity Insights

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.

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Trending Sources

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Alias Technologies Raises $3M In Seed Funding

FinSMEs

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.

Funds 135
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Grimes, Who Once Banked $5.8 Million in 20 Minutes By Selling Crypto Art, Says She's Made More From NFTs Than From Her Entire Music Career

Entrepreneur - VC

Grimes, who once banked $5.8 million in 20 minutes by selling crypto art, says she's made more from NFTs than from her entire music career. Read more about Grimes, here.

Banks 131
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Why Did This Cathie Wood Stock Soar 24% on Tuesday?

The Motley Fool

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.

Returns 264
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Unemployment Up 0.3% = Fed on Hold

The Big Picture

The Fed is done. It’s unimaginable that they will do anything at the September FOMC meeting, and barring any radical change in the data, it’s unlikely they will be doing anything in November. I have been saying since June 2022 that inflation had peaked; the data has been leaning that way since May 2022. If you were watching the video instead of the still pic , it was apparent that the biggest risk to the economy then was less rising prices than a tardy FOMC over-tightening.

Returns 124

More Trending

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Panda Express Will Pay 'Hundreds of Thousands' of Customers in Class Action Lawsuit Over This Common Sneaky Practice — See If You're Owed, Too

Entrepreneur - VC

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.

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The Best Stock to Invest $1,000 in Right Now

The Motley Fool

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.

Investing 264
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India’s NIIF: A poster child for development finance

Top 1000 Funds

Sujoy Bose played a central role in setting up India's celebrated sovereign development fund, the National Investment and Infrastructure Fund. He explains how NIFF's governance combines a perfect combination of sovereign comfort for investors seeking Indian exposure alongside the discipline and freedom to hunt returns.

Financing 111
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ReOrbit Closes $7.4M Seed Funding Round

FinSMEs

ReOrbit, a Helsinki, Finland-based provider of software-enabled satellites, raised $7.4M in Seed funding. The round was led by Inventure VC, with participation from 10xFounders and existing investor Icebreaker.vc, Expansion, and YesVC. The company intends to use the funds to accelerate its development strategy focusing on international expansion and products.

Funds 117
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Do AI Detectors Work for ChatGPT? It's Complicated.

Entrepreneur - VC

OpenAI released a teacher's guide for ChatGPT ahead of back-to-school season. However, the company had bad news for teachers hoping to better catch students cheating by using the AI chat bot.

Companies 126
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Intel's Gaudi 2 Beats Nvidia's H100 in Certain AI Tasks

The Motley Fool

There's no question that Nvidia 's (NASDAQ: NVDA) H100 data center GPU is the fastest AI accelerator on the market. In a series of industry-standard benchmarks that cover a wide variety of workloads including image classification, natural language processing, and large language models, the H100 easily bested the competition. There's a reason why Nvidia's GPUs are in such high demand.

Returns 246
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Personal Consumption Expenditures Price Index: +0.2%

The Big Picture

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

Taxes 103
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Ellie.ai Raises €2.5M in Seed Funding

FinSMEs

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.

Funds 117
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4 Critical HR Mistakes Companies Make That Hurt Their Growth

Entrepreneur - VC

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.

Companies 124
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This Ridiculously Cheap Warren Buffett Stock Could Help Make You Rich

The Motley Fool

Do you like bargain stocks? You're in good company if you do. Legendary stock-picker Warren Buffett likes them too. In fact, the market-beating performance of Buffett-led Berkshire Hathaway is ultimately rooted in the Oracle of Omaha's value-seeking strategy. That's why you'd be wise to poach some of his picks for yourself. With that as the backdrop, here's a closer look at one of his favorite holdings you can step into right now at a great price: The Coca-Cola Company (NYSE: KO).

Companies 246
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10 Thursday AM Reads

The Big Picture

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

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Occuspace Raises $3.6M in Seed Funding

FinSMEs

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.

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Video: Hurricane Idalia Footage Shows Gas Stations Being Swept Over, Residents Paddleboarding Through the Streets, and Bars That Are Still Open

Entrepreneur - VC

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.

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Why Intel Stock Kept Going Up Today

The Motley Fool

What happened Shares of semiconductor company Intel (NASDAQ: INTC) tacked on another 3.2% through 12:45 p.m. ET on Friday, the stock's third straight day of gains. Part of the reason for Intel's mini price rally is its new guidance on earnings, which CEO Pat Gelsinger announced at the 2023 DB Tech Conference yesterday. With the third quarter underway, Intel believes it is already above the midpoint of its guidance for third-quarter earnings, and therefore on track to beat analyst forecasts for a

Banks 246
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Flight Schedule Pro Welcomes New CEO, Nick Wegner, to Lead the Company’s Next Phase of Growth

Mainsail

The post Flight Schedule Pro Welcomes New CEO, Nick Wegner, to Lead the Company’s Next Phase of Growth appeared first on Mainsail.

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Saab Acquires BlueBear

FinSMEs

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.

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How to Use the Power of a Positive Psychology to Transform Your World

Entrepreneur - VC

Discover the extraordinary potential within you to ignite a global movement of positive change. You can become a renowned catalyst for transformation through the power of positive psychology.

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CVS Health Just Created a New Problem For Viatris. Here's What You Need to Know

The Motley Fool

On Aug. 23, CVS Health (NYSE: CVS) announced that it's launching a new subsidiary focused on biosimilar drugs. That business, Cordavis, will start by seeking to commercialize a biosimilar to AbbVie 's blockbuster Humira. That could mean trouble on the horizon for Viatris (NASDAQ: VTRS). As a generic medicine manufacturer, the last thing it needs is another powerful competitor looking to grab a share of the most lucrative markets.

Stakes 246
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EU set to block Booking’s €1.63bn purchase of Etraveli

Financial Times M&A

Regulators are concerned deal would consolidate US travel site’s market position and hurt rivals

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Measurlabs Raises €2.5M in Seed Funding

FinSMEs

Measurlabs, a Helsinki, Finland-based startup offering laboratory analysis and testing services that help researchers, quality assurance, and R&D professionals get the tests they need, raised €2.5m in seed funding. The round was led by VentureFriends and joined by existing investors Lifeline Ventures, Tesi, and Curus. The company intends to use the funds to scale its […] The post Measurlabs Raises €2.5M in Seed Funding appeared first on FinSMEs.

Funds 115
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Economy Shows Signs of Slowing, Inflation Still Has a Majority of Americans Living Paycheck-to-Paycheck

Entrepreneur - VC

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%.

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Pet Insurance Is an Absolute Must in This Situation

The Motley Fool

Image source: Getty Images When my family adopted our dog, Champ, in 2020, we went through a rescue that has a great reputation. But even when you adopt through a rescue, you may not get the full story about your pet's health history. Many rescues take in strays or animals whose past is unknown. And while they'll commonly do their best to get a health assessment before adopting out an animal, sometimes, there are gaps.

Debt 246
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Centene to sell GP clinics and hospitals in exit from UK market

Financial Times M&A

US health insurer faced anti-privatisation protests and hospital integration proved tricky

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Thing to Look for When Trading NFTs Using Bots

FinSMEs

Trading NFTs Using Bots Non-fungible tokens (NFTs) have brought a vast market of alternatives for cryptocurrency investors. They do this while maintaining the same security as crypto coins because they operate within the blockchain. However, like any other investment, they have an element of risk. Hence, the introduction of NFT bots, which help in simplifying […] The post Thing to Look for When Trading NFTs Using Bots appeared first on FinSMEs.

Investors 113
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5 Steps to Help Real Estate Investors Prepare to Sell Their Rental Property

Entrepreneur - VC

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.

Investors 123
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This Seasonal Fall Favorite Is Back at Costco

The Motley Fool

Image source: Getty Images It's September, so it's officially time for all things pumpkin. You may have noticed that some retailers are already selling pumpkin-flavored goodies. Costco is no exception. Shoppers are in for a treat because the warehouse club's iconic pumpkin pie is starting to return to clubs in time for the upcoming season. It's delicious and sold at an affordable price -- making it the perfect item to bring to your next gathering without draining your bank account balance.

Financing 246
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This Is the One Condition I Put Into the Purchase Contract When I Made an Offer on a Home

The Motley Fool

Image source: Getty Images Recently, I made an offer to purchase a home that's a bit of a fixer-upper. When I put in my offer, I included one contingency or condition that had to be fulfilled in order for the sale to go through. Here's what that contingency was and why I included it. This condition is vital when purchasing a property When you put in an offer contract, normally you'll want to include a few different contingencies.

Financing 246
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Better Buy: Advanced Micro Devices vs. TSMC Stock

The Motley Fool

The artificial intelligence (AI) frenzy is driving many tech stocks sky-high this year. The closer a company is to the epicenter of the machine-learning trend, the faster its stock soars. For example, Advanced Micro Devices (NASDAQ: AMD) designs microchips for the specific purpose of running AI analyses. Taiwan Semiconductor Manufacturing (NYSE: TSM) manufactures most of AMD's chips.