Finance Knuggets

May 04, 2024

I recently came across some interesting financial news. One of the topics discussed was a proposed change in Social Security that could mean more money for retirees. Another interesting topic was the concept of value investing and whether it’s right for you. Additionally, there was news about Indonesia’s defense policy under incoming president Prabowo Subianto, as well as regional developments and industry indicators. Moves to make to counter range-bound, choppy markets, as suggested by Goldman Sachs, and the fire sale of Silicon Valley Bank’s venture capital business to a new entity backed by Brookfield and Sequoia Heritage were also highlighted. Lastly, there was news about Sony and Apollo Global Management offering to buy Paramount Global for $26 billion in cash.

This week’s financial news includes a major deal in the media industry, with Sony and Apollo Global Management making a $26 billion counteroffer to acquire ViacomCBS. In the venture capital space, several companies have raised significant funding, including Karius, a provider of blood-testing for infectious disease, which raised $100 million in Series C funding. Other companies that raised funds include Stargate Hydrogen, Lamini, Livara, Piction Health, and Danti. In private equity deals, several acquisitions and refinancing talks have been reported, with companies like Avel eCare, Breck Partners, Charger Investment Partners, and Clearlake Capital making moves in the market.

The financial news also covers public offerings, SPAC deals, liquidity events, fundraising, and personnel updates in the industry. Additionally, there are articles discussing estate planning and wealth management topics, such as setting up trusts for assets, choosing trustees or executors, and designating beneficiaries in estate planning. Lastly, the U.S. Department of Labor reported that the U.S. economy added 175k jobs in April, with the unemployment rate holding steady at 3.8%. This news is significant in the context of the ongoing economic recovery and inflation concerns.

Stay Well!