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.

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Alaris invests $59.5m in Ohio advertising agency The Shipyard

PE Hub

Alaris is a Canadian provider of alternative equity financing to privately held companies. The post Alaris invests $59.5m in Ohio advertising agency The Shipyard appeared first on PE Hub.

Investing 259
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Trending Sources

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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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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 143
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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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PE-backed Tidewater to sell Pipestone and Dimsdale assets to AltaGas

PE Hub

Based in Calgary, Tidewater is a midstream and energy infrastructure company. The post PE-backed Tidewater to sell Pipestone and Dimsdale assets to AltaGas appeared first on PE Hub.

Assets 255

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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IFS to Buy Falkonry

FinSMEs

IFS, a Linköping, Sweden-based global cloud enterprise software company, is to acquire Falkonry, Inc. a Cupertino, CA-based Industrial AI software company that provides automated, high-speed data analysis to the manufacturing and defense industries. The amount of the deal was not disclosed. IFS expects the acquisition of Falkonry to complete in Q4 2023.

Companies 121
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SRJ Sports Investments takes minority stake in Professional Fighters League

PE Hub

As part of the deal, SRJ will become an investor in a new regional league, PFL MENA as well as supporting PFL's expansion in Saudi Arabia and the wider MENA region. The post SRJ Sports Investments takes minority stake in Professional Fighters League appeared first on PE Hub.

Stakes 248
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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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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 141
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Rent Butter Raises $3M in Seed Funding

FinSMEs

Rent Butter, a Chicago, IL-based provider of a tenant screening solution designed specifically for workforce and affordable housing, raised $3M in Seed funding. The round was led by RET Ventures. The company intends to use the funds to expand its product offering and customer base into conventional Class A and B multifamily and single-family rentals […] The post Rent Butter Raises $3M in Seed Funding appeared first on FinSMEs.

Funds 121
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Apollo’s interest in CATEC fueled by rising demand for natural gas and hydrogen

PE Hub

“There is real growth in the need for gaseous fuels as part of the energy transition,” Apollo partner Scott Browning told PE Hub. The post Apollo’s interest in CATEC fueled by rising demand for natural gas and hydrogen appeared first on PE Hub.

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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

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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 142
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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 118
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New Water-backed Nelson Miller Group acquires manufacturer Injection Works

PE Hub

Based in California, Nelson Miller Group is a provider of engineering, manufacturing and supply chain management solutions. The post New Water-backed Nelson Miller Group acquires manufacturer Injection Works appeared first on PE Hub.

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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.

Investors 105
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Ben Affleck, Matt Damon Offered to Pay Jimmy Kimmel's Staff Amid Writer's Strike: 'They Wanted to Pay Out of Their Own Pockets'

Entrepreneur - VC

Jimmy Kimmel joined co-hosts Jimmy Fallon, Seth Meyers, Stephen Colbert, and John Oliver in the inaugural episode of the "Strike Force Five" podcast. Read more about Kimmel's possible retirement and the offer he received from two Hollywood A-listers.

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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 118
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K1-backed Reveal buys two legal tech firms Logikcull and IPRO

PE Hub

The transactions are valued at more than $1 billion. The post K1-backed Reveal buys two legal tech firms Logikcull and IPRO appeared first on PE Hub.

Legal 255
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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 105
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Woman Buys $4 Painting at Thrift Store, Finds Out It's an Authentic N.C. Wyeth Worth $250,000

Entrepreneur - VC

A woman stumbled upon a painting resembling N.C. Wyeth's work at a thrift store in 2017. After expert confirmation, the $4 find is revealed as an original Wyeth worth $250,000, set for auction in September.

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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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A Closer Look at Risk & Reward in Bonds Right Now

A Wealth of Common Sense

Jonathan Novy, one of our advisors and insurance experts at Ritholtz Wealth, joined me this week to discuss questions about emergency funds, investing when you don’t have a 401k, annuity yields and long-term care insurance. Further Reading: Why I’m More Worried About the Bond Market Than the Stock Market 1The same is true of CDs. I looked at 5 year CD yields at Marcus today.

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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

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Is a New iPhone 15 on the Way? Apple to Hold September 'Wonderlust' Event Amidst Sales Slump

Entrepreneur - VC

Apple's annual product upgrade event on September 12th will introduce the new iPhone 15 and updated Apple Watches. The event comes after a three-quarter decline in revenue for the company.

Companies 140
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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 116
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The 60/40 Portfolio is Alive & Well

A Wealth of Common Sense

Rob Isbitts at ETF.com says Jerome Powell’s speech at Jackson Hole is bad news for 60/40 investors: For nearly two decades, investment advisors and self-directed investors came to understand and appreciate “asset allocation” as a complementary combination of stocks and bonds. When rates were falling, bond prices were rising and the stock market was driving higher in those easier credit conditions, that c.

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2 Pros and 2 Cons of Claiming Social Security at Age 67

The Motley Fool

The fact that seniors get choices for claiming Social Security is both a good thing and a bad one. On the plus side, it's nice to have the option to choose from a range of filing ages rather than be locked into a single choice. But on the flipside, having to make such a big decision can be stressful, and a lot of people struggle to make the right call.

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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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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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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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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.