2024

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I'll Never Use My Credit Card for Cash Back Rewards. Here's Why

The Motley Fool

Image source: Getty Images Credit card rewards can be a fun way to earn something of value back on your regular purchases. And if you get good at using rewards cards, they can also save you a lot of money. Some people earn $500 to $1,000 or more in rewards every year. After you've earned rewards, you'll need to choose how to redeem them. While I love using rewards cards, I never redeem my earnings for cash back.

Banks 246
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The Biggest Winners in the Stock Market

A Wealth of Common Sense

Hendrik Bessimbinder has produced some of my favorite stock market research. Bessimbinder discovered that four out of every seven stocks in the U.S. have underperformed cash (one-month T-bills) since 1926. And just 4% of companies accounted for all the wealth gains for the entire stock market in that time. The stock market runs on power laws over the long run.

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Trending Sources

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New Study: Private Equity Delivers the Strongest Returns for Millions of Public Servants

American Investment Council

Maloney : “Strong private equity returns ensure that tens of millions of dedicated public servants can depend on a well-funded pension to support their well-deserved retirement.” Washington, D.C. – Today, the American Investment Council released its 2024 public pension study showing that private equity once again delivered the strongest returns for public pension portfolios.

Returns 133
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Why Hasn’t the California Globe Retracted Its Story?

The Big Picture

@TBPInvictus here If you’re tired of California-minimum-wage-and-its-impact-on-limited-service-restaurant-employment stories, I understand. Leave this page immediately. I’m tired of it, too, but some stories are so factually challenged that they demand a response. So, allow me to address a hot mess of a story that appeared recently in the California Globe.

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How The Interstate Highway System Changed American Industry

Fortune Financial

Signed into law in 1956 by then President Dwight Eisenhower, the Federal Highway Act created the Interstate Highway System , which would become the largest and costliest public works project in history. Measuring almost 48,000 miles in total distance, the Interstate Highway System was completed only in 1992, more than three decades after work began, and for a total cost in today’s dollars of more than $500 billion. ( source: Wikipedia Commons ) Inspired in large part by the German Autoba

Returns 141
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CoreWeave Secures $7.5 Billion Debt Financing Facility led by Blackstone and Magnetar

Blackstone News

Reinforces CoreWeave’s market position as the AI hyperscaler Builds on CoreWeave’s significant momentum, evidenced by over $12 billion raised from equity and debt investors over the last 12 months Historic financing builds on the Company’s recently announced $1.1 billion Series C and $2.3 billion debt raise in 2023 Investment represents one of the largest private financings in history New funding will be used to support the market’s unprecedented demand for CoreWeave’s specialized AI cloud infra

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Apollo makes $11bn Paramount Pictures bid

Private Equity Wire

Private equity major Apollo Global Management has made an $11bn offer to acquire Paramount Global’s Hollywood studio, Paramount Pictures, according to a report by Reuters citing an unnamed person with knowledge of the matter. Apollo’s offer comes as as an independent committee of the company’s board of directors is reviewing a bid from Skydance Media for all of Paramount Global, which also owns CBS, Comedy Central, Nickelodeon and the Paramount+ streaming service, through the acquisition o

Bidding 127
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Update from Jon Gray: Resilience & Reacceleration

Blackstone

2023 ended with a burst of deal activity at Blackstone – a sign of renewed optimism after the Fed’s extended rate-hiking campaign. Our president, Jon Gray, unpacks why we believe this is a particularly opportune moment for investing and outlines our three focus areas for the year. He also shares his view on where the real estate market is headed as the cost of capital declines.

Capital 122
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Burt Malkiel & Alex Michalka’s Insights for Investors in 2024

Wealthfront

In planning your investment strategy for 2024 and beyond, there are wise principles to keep in mind: While no one can predict how market prices will move in any particular period, there are time-tested general rules that can put the odds of success squarely in your favor. In this letter we will offer some simple […] The post Burt Malkiel & Alex Michalka’s Insights for Investors in 2024 appeared first on Wealthfront Blog.

Investors 122
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$656,000 of Frugal Things I Still Love Doing

Mr. Money Mustache

– “I used to read Mr. Money Mustache” , some people say these days, “Until he got all rich and fancy so that he no longer understands the common person’s plight. Stash probably doesn’t even practice any of these money-saving things he preaches any more!” When I read things like this, I can’t help but laugh. Because on the one hand, when you put a bunch of personal life details online like this, being misunderstood is just part of the package.

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Why Ford Motor Company Stock Crashed 17% Today

The Motley Fool

Stock of Ford Motor Company (NYSE: F) , one of America's Big Three automakers , collapsed 16.7% through 12:45 p.m. ET Thursday after the company reported a huge earnings miss last night. Analysts had forecast Ford would earn $0.68 per share on $44 billion in Q2 sales. While Ford exceeded the revenue number easily, with $47.8 billion in quarterly sales, profits came in short of expectations at just $0.47 per share.

Companies 246
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The News is Making You Miserable

A Wealth of Common Sense

There was a recent poll about my home state of Michigan where they asked people for their thoughts on the state of the nation’s economy today. Just 35% of people described the economy as excellent (6%) or good (29%) while 65% described it as either not so good (28%) or poor (37%). But when asked how they would describe their own personal financial situation these days, a majority of people (61%) described their circ.

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New Report: Businesses Increasingly Choose Private Credit for Financing

American Investment Council

Washington, D.C. – The American Investment Council (AIC) released a report today, authored by PitchBook , highlighting the growing role of private credit in serving small and middle-market businesses. “Private credit is playing a crucial role in supporting businesses and delivering impressive returns for investors, especially in uncertain times,” said Drew Maloney, President & CEO of the American Investment Council. “The industry’s resilience and flexibility are filli

Financing 125
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A Short History of Stocks

The Big Picture

Confused about where we are today? A favorite exercise is to go back to first principles to consider how we got to where we are. (That is a favorite way to find fresh insights). On the equity side, you have to go back a century or so. Equities were considered speculative endeavors, best suited for gamblers and punters. The exceptions? A handful of “Widows & Orphan” stocks, like Ma Bell, some railroads, utilities and the rare bank that was not suffering regular runs.

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BlackRock cuts 600 staff as asset managers defend profit margins

Financial Times: Moral Money

Fink and Kapito say headcount will increase this year as firm invests in technology and new offerings

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Blackstone Announces Growth Investment in 7 Brew

Blackstone News

New York & Fayetteville, Ark. – February 14, 2024 – Blackstone (NYSE:BX) today announced that Blackstone Growth and affiliated funds (collectively “Blackstone”) have made a growth equity investment in 7 Brew Coffee, the next generation drive-thru beverage business. Blackstone’s investment seeks to help enable 7 Brew to accelerate its already-rapid expansion across the U.S., in collaboration with its premier franchise partners.

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Hayden AI Raises $90M in Series C Funding

FinSMEs

Hayden AI Technologies, Inc., a San Francisco, CA-based company which specializes in vision AI solutions for smart cities, raised $90M in Series C funding. The round was led by The Rise Fund, with participation from Drawdown Fund and Autotech Ventures, among others. The company intends to use the funds to accelerate its research, development and […] The post Hayden AI Raises $90M in Series C Funding appeared first on FinSMEs.

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Goldman Sachs passes alts fundraising target ahead of schedule

Private Equity Wire

Goldman Sachs has surpassed its fundraising target for alternative investments by over $25bn and, with a year to spare, raising over $251bn since year-end 2019 versus a target of $225bn, according to the company’s latest earnings release. Goldman Sachs now has over $450bn in alternatives assets, with scaled offerings across private credit, private equity, infrastructure, real estate, sustainable investing, secondaries, GP stakes and third-party manager selection.

Stakes 127
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Investors raise billions to buy discounted stakes in start-ups

Financial Times M&A

Buyers return after secondary market for private shares was hit by higher interest rates

Stakes 141
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Goldman profits more than double to $3bn as deals rebound

Financial Times - Banking

US investment bank’s results were also helped by stronger performance from its equities and fixed income businesses

Investing 111
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AT&T Impresses With Subscriber Growth and Free Cash Flow

The Motley Fool

Coming a few days after a mixed earnings report from rival Verizon Communications , AT&T 's (NYSE: T) second-quarter report suffered from a similar problem. Wireless customers have been slow to upgrade their smartphones, leading to lower equipment revenue for the wireless leaders. AT&T saw equipment revenue drop 5.8% year over year in the second quarter, enough to cause the company to miss analyst expectations.

Returns 246
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Got $3,000? 2 Artificial Intelligence (AI) Stocks to Buy and Hold for the Long Term.

The Motley Fool

I'm sure most avid basketball fans can remember when "AI" was used to describe NBA great Allen Iverson. Nowadays, when you hear AI, the first thing many people think about is artificial intelligence (AI). It makes sense, too, when you consider just how prominent AI-related news has been over the past couple of years. AI has been around for a while, but recent developments and the success of generative AI applications like ChatGPT have brought it to the forefront of many businesses.

Returns 245
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Verizon Shares Fall Despite Climb in Wireless Revenue. Is It Time to Buy the Stock on the Dip?

The Motley Fool

Shares of Verizon Communications (NYSE: VZ) were falling after the wireless company reported mixed second-quarter earnings results. Its stock remains up more than 20% over the past year, but it is now up only modestly year to date, underperforming the strong year-to-date performance of the S&P 500. Let's take a closer look at Verizon's most recent results, its valuation and dividend, and whether now is a good time to buy the stock on this recent dip.

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Why Tesla Stock Just Crashed

The Motley Fool

Tesla (NASDAQ: TSLA) stock fell 11% through 11:45 a.m. ET Wednesday after the company badly missed analyst forecasts for earnings Tuesday night. Heading into the second-quarter report, Wall Street forecast the electric car leader would earn $0.62 per share on sales of $24.8 billion. Tesla exceeded the latter expectation, reporting Q2 sales of $25.5 billion.

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Retirees in These 9 States Risk Losing Some of Their Social Security Checks

The Motley Fool

Social Security is the foundation for most Americans' retirement plans. Without that benefit program, nearly 4 in 10 Americans 65 and older would have incomes that fall below the federal poverty line, according to the Center on Budget and Policy Priorities. The difference between keeping all of their benefits and losing even a portion of them can be massive for those households.

Taxes 246
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Warren Buffett Just Sold $1.5 Billion of Berkshire Hathaway's Second-Largest Holding. Here's Why.

The Motley Fool

Warren Buffett keeps selling stocks. The Oracle of Omaha has been a net seller of equities for his company's portfolio in each of the last six quarters, as reported by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). The odds are good he'll make it seven in a row when Berkshire reports next month, and now he's going for eight with another major stock sale.

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Prediction: Nvidia's Stock Correction Will Lead to Outsized Gains in the Second Half of 2024

The Motley Fool

Beginning in January 2023, it seemed like Nvidia (NASDAQ: NVDA) stock went straight up for almost 18 months. There was good reason for that as investors piled in to the company that has become the face of a dramatically increasing artificial intelligence (AI) sector. But no stock goes straight up forever, and valuation still matters. A correction in the stock was inevitable and finally occurred over the last month.

Returns 246
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Meet the Artificial Intelligence (AI) Stock That Just Soared 225% Thanks to Nvidia

The Motley Fool

Nvidia 's graphics processing units (GPUs) for data centers are used to develop the most advanced artificial intelligence (AI) models in the world, placing the company at the forefront of this new technological revolution. Nvidia has consistently delivered triple-digit growth in its revenue over the past year, catapulting the company to a whopping $2.9 trillion valuation.

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Is the Housing Market About to Get Better? You Might Be Surprised at What eXp Realty's CEO Has to Say About It.

The Motley Fool

Mortgage rates remain elevated and existing home inventories remain near generational lows. In this video, I sit down with eXp Realty (NASDAQ: EXPI) CEO Leo Pareja to find out where he sees the real estate market heading for the rest of 2024, into 2025, and beyond. You might be surprised at his outlook. *Stock prices used were the morning prices of July 18, 2024.

Returns 246
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Is Spotify Stock Going to $425? 1 Wall Street Analyst Thinks So.

The Motley Fool

Spotify 's (NYSE: SPOT) recent second-quarter earnings release was music to the ears of many investors. The streaming service convincingly beat the average bottom-line estimate while delivering robust growth where it counted. In the wake of that release, several analysts raised their price targets on the high-profile music streamer. One even went so far as to upgrade his recommendation on its stock.

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3 High-Yielding Dividend Stocks That Can Help Bankroll Your Retirement Years

The Motley Fool

If you're looking for some good dividend stocks to own in retirement, one thing you'll want to focus on is stability. Striking a balance between safety and dividend income can be key to ensuring you protect your savings while also making the most of them. And by investing in blue chip stocks with above-average yields, you can get the best of both worlds.

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Why Alphabet Stock Is Sinking Today

The Motley Fool

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock is losing ground Wednesday. The tech giant's share price was down 3.4% as of 10:30 a.m. ET, according to data from S&P Global Market Intelligence. Alphabet published second-quarter results after the market closed yesterday. Despite strong sales and earnings beats in the quarter, investors are selling out of the stock in response to the company's forward guidance.

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Forget the Stock Split: 2 Better Reasons to Buy Nvidia Stock Right Now

The Motley Fool

Nvidia (NASDAQ: NVDA) was a $360 billion company at the start of 2023, but thanks to a whopping 745% gain in its stock price, the company is now worth over $3 trillion. It's experiencing a surge in demand for its data center chips, which are the most powerful in the industry for processing artificial intelligence (AI) workloads. In June, Nvidia stock was trading at over $1,200 per share, which made it somewhat inaccessible to smaller investors, so management executed a 10-for-1 stock split effec

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This Is the Average Social Security Benefit for Age 70

The Motley Fool

Social Security benefits can be claimed at any age between 62 and 70. Starting earlier will get you smaller checks but many more of them, while delaying your claim will beef up your checks, though you'll receive fewer of them. The decision of when to start collecting your Social Security benefits is a big one, and you'll want to put a lot of thought into it.