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☆ Jabeur says now or never for Saudi Arabia to invest in the sport
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +2 min

Saudi Arabia has pumped huge amounts of money into soccer, Formula One and boxing in recent years while the Saudi-backed LIV Golf circuit recently ended its two-year dispute with the PGA Tour and DP World Tour by announcing a merger. I hope in Saudi they'll not just invest with the ATP, I hope with the WTA (too)," Jabeur said after beating Magdalena Frech 6-3 6-3 in her Wimbledon opener. Critics have accused Saudi Arabia of using the PIF to engage in "sportwashing" amid criticism of its human rights record. "I believe in Saudi they're doing great giving women more rights," 2022 Wimbledon runner-up Jabeur added. Men's world number one Carlos Alcaraz said he would have no doubts about competing in Saudi Arabia, while seven-time Grand Slam champion John McEnroe said tennis should not seek Saudi investment.

Persons: LIV, Steve Simon, Andrea Gaudenzi, Jabeur, Magdalena Frech, Critics, Saudi they're, It's, Carlos Alcaraz, John McEnroe, Andy Murray, Shrivathsa Sridhar, Toby Davis Organizations: PGA, WTA, men's ATP, Saudi Arabia's Public Investment Fund, Wimbledon, Saudi, Thomson Locations: Saudi, Saudi Arabia, Saudi they'll, Bengaluru

There are thousands of firms out there, each with their own specialties and varied track records. We've narrowed it down to the best 75 based on data from Crunchbase and the firms themselves. Given that, Insider created the Seed 75 list as a new member to our Seed 100 and Seed 30 lists of the best individual seed investors. Some companies verified the Crunchbase data, some didn't respond but most others supplied us with updated data. What follows is the top 75 seed firms who scored at the top of our weighted scale.

Persons: We've Organizations: Crunchbase Locations: Crunchbase

☆ Millennials aren't as rich as they were a year ago. Here's why.
▼ + stars: | 2023-06-28 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

The average millennial's net worth grew from $64,000 to $111,000 between the first quarter of 2020 and 2022. But just two years later, as of the first quarter of 2022, the average millennials' net worth surged to $111,000. As of the fourth quarter of last year — the most recent measure – millennials' average net worth had fallen to roughly $106,000. And what are the key factors that could impact millennials' wealth trajectory in the years to come? According to Ricketts, millennials' net worth has "plateaued" — rather than notably declined — over the past year.

Persons: —, Millennials, Matt Schulz, Schulz, Lowell Ricketts, Louis Fed, Ricketts, millennials, Gen Organizations: Service, Federal Reserve, St, Fed Locations: millennials

☆ The US's biggest arms buyers are looking elsewhere for a next-generation fighter jet, but it won't be easy to find
▼ + stars: | 2023-06-26 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

But Washington has proved to be wary of selling those countries US-made stealth fighter jets. That leaves the Gulf states with various non-US options, which don't look all that promising — at least not any time soon. A prototype of Russia's Su-75 fighter jet at the MAKS-2021 air show outside Moscow in July 2021. AP Photo/Alexander ZemlianichenkoIn 2021, shortly after unveiling its Su-75 fighter, Russia offered to co-produce the jet, which is still in development, with the UAE. While China may eventually offer its FC-31/J-35 stealth fighter for export, it must first demonstrate the jet's effectiveness to attract serious buyers.

Persons: —, Sebastien Roblin, Chris Thornbury, Abraham, Abu Dhabi, FCAS, Roblin, Russia's Su, Alexander Zemlianichenko, Abu Dhabi's, Emily Hawthorne, RANE, Hawthorne, isn't, JOHANNES EISELE, Paul Iddon Organizations: Qatar —, Service, United Arab, —, US Air Force, Al Dhafra, Base, Staff, Abraham Accords, Reuters, AP, East, Korea's KF, Yonhap, Cooperation Council, KF, FC, Getty Locations: Saudi Arabia, UAE, Qatar, Washington, Gulf, United Arab Emirates, Chris Thornbury But Washington, Israel, Riyadh, British, France, Germany, Turkey, Moscow, Russia, Ukraine, Abu Dhabi, Russian, North Africa, Sacheon, South Korea, Seoul, Korea, Zhuhai, AFP, China

The Qatar Investment Authority (QIA) is in talks with The Sovereign Wealth Fund of Egypt (TSFE) about the deal, said two sources with knowledge of the matter, who declined to be named. The fund is considering acquiring a stake of up to 30% in the hotels, the sources said, without naming them. Relations between Egypt and Qatar soured in the wake of the Arab Spring uprisings that toppled former Egyptian President Hosni Mubarak. Regional heavyweight Saudi Arabia has led efforts to rebuild ties with Qatar and, along with Egypt, re-established diplomatic relations in 2021. Egyptian President Abdel Fattah al-Sisi met with Qatari Emir Sheikh Tamim bin Hamad al-Thani in Baghdad in August 2021 for the first time since ending the dispute.

Persons: Sheikh Hazza bin Zayed Al Nahyan, Abdel Fattah El Sisi, Sheikh Tamim bin Hamad Al Thani, St Regis Saadiyat, Egypt's TSFE, Agatha Christie's, Hosni Mubarak, Abdel Fattah al, Sisi, Sheikh Tamim bin Hamad, Hadeel El, Andrew Mills, Patrick Werr, Louise Heavens, Mark Potter, Kirsten Donovan Organizations: Abu, Abu Dhabi Executive Council, St Regis, United, United Arab Emirates, Read, Qatar Investment Authority, Sovereign Wealth Fund of Egypt, Regional, Qatar, Thomson Locations: Abu Dhabi, Egypt, Qatar, United Arab, DUBAI, Harrods, London, Aswan, Saudi Arabia, Thani, Baghdad, Ukraine, Hadeel El Sayegh, Dubai, Doha, Cairo

If the investment is finalised at that figure, the company would become one of the largest foreign investors in Vietnam. Growatt, which produces battery systems and energy storage inverters for residential and commercial use, did not reply to requests for comment. It has yet to pass legislation, however, that would permit the use of energy storage facilities to strengthen its power network. Hithium, which currently does not have a presence in Vietnam, specialises in manufacturing stationary energy storage products, including cells and larger containers that help manage the intermittent supply of energy from solar or wind farms. The global stationary energy storage market is estimated to jump in value to roughly $224 billion by the end of the decade from just over $31 billion in 2021, according to Precedence Research.

Persons: Francesco Guarascio, Phuong Nguyen, Edwina Gibbs Organizations: Energy, Xiamen Hithium Energy Storage Technology, Research, Panasonic, Philips, Thomson Locations: Vietnam HANOI, Vietnam, Xiamen, Europe, U.S, Growatt

☆ GM, POSCO Future M to boost investment at Canada battery materials plant
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

June 2 (Reuters) - General Motors Co (GM.N) and South Korea's POSCO Future M said on Friday they will invest more to boost production at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over $1 billion. The companies said the new investment includes an additional CAM and a precursor facility for local on-site processing of critical minerals. The development comes a few days after the Canada's federal government and the Quebec province each provided about C$150 million ($112 million) for the facility. The companies last year established Ultium CAM joint venture, which is majority owned by POSCO Future M, and had initially invested about $327 million, according to media reports. Their battery facility in Becancour, Quebec, will produce cathode active material (CAM) for electric vehicle (EV) batteries.

Persons: Priyamvada, Shinjini Organizations: General Motors Co, POSCO, Thomson Locations: Canada, Quebec, Becancour, Bengaluru

☆ Japan’s largest brewer sets its sights on China — again
▼ + stars: | 2023-05-31 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Japan's Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world's largest beer market. The company divested from China years ago due to the lack of "premiumized products" and "very low" prices at that time, Katsuki said. In 2017, Asahi announced it would sell its nearly 20% stake in China's Tsingtao Brewery to Fosun Group and its subsidiaries. "But with the entry of the international brands and also craft beer, the premium segment in China is now really taking off and growing substantially." "Asahi Super Dry has the largest sales already from the China market now and it's growing double digits every year, so we want to continue to really invest into this premium market," he added.

Persons: We've, Atsushi Katsuki, CNBC's Martin Soong, we're, Katsuki Organizations: Japan's Asahi Group Holdings, Asahi, Fosun Group Locations: China, Tsingtao

☆ Sologamy: Why these women married themselves
▼ + stars: | 2023-05-28 | by ( Faith Karimi | ) edition.cnn.com time to read: +11 min

Its adherents may be on to something, this expert saysThe concept of self-marriage, or sologamy, has been around for years. No data exists on how many people celebrate sologamy with ceremonies, but the practice has been explored in a handful of recent news articles. CNN talked to four women who’ve married themselves. Sologamy is not legally binding in the US and is not recognized by the laws of any country. Fideli’s message to younger women struggling with self-esteem issues: It’s never too late to love yourself.

☆ Why ChatGPT could spark a new bull market
▼ + stars: | 2023-05-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here, still poking around OpenAI's new ChatGPT iPhone app. The rise of ChatGPT and subsequent AI boom could solidify the recent strength in stocks as a new bull market, according to market veteran Ed Yardeni. In a recent note, the strategist said equities' strong start to the year isn't just a bear market rally, but that it indeed marks a new bull regime. If the Fed mistakenly pauses and then resumes hiking as inflation persists, the music could stop for high flying AI stocks. Mega-cap tech stocks are "overbought" and their rally could stall out soon.

☆ A 26-year-old developer whose firm owns 40 acres of land in Richmond explains why he's betting on the capital of Virginia — and why he would personally invest in real estate there
▼ + stars: | 2023-05-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Meanwhile, "the DC market was considerably faster-moving, especially the condominium market." So I developed single-family homes on those myself and it turned out pretty successful." Thakker bought land in Richmond in 2020 and developed three, single-family homes, including the one pictured, on the lot. Across their three major projects in Richmond, Dorado has acquired 40 acres of land, which is equivalent to over 40 football fields. The interior of one of the single-family homes Thakker built and sold in Richmond.

☆ Britain launches $1.2 billion semiconductor plan after U.S. and EU splurge on chips
▼ + stars: | 2023-05-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Semiconductor bosses in the U.K. had expressed frustration with the lack of a concrete strategy from the government on semiconductors. watch now"By increasing the capabilities and resilience of our world-leading semiconductor industry, we will grow our economy, create new jobs and stay at the forefront of new technological breakthroughs," he added. Instead, they are focusing on other parts of the semiconductor industry, such as intellectual property and design and producing non-silicon chips. A U.K. semiconductor strategy was expected to come out last year. Semiconductor bosses in the country had expressed frustration with the lack of a concrete strategy from the government on semiconductors.

☆ How the president of Abbot Downing tried to save the Wells Fargo unit for the ultra-rich from being folded
▼ + stars: | 2023-05-16 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Wells Fargo folded Abbot Downing, which served the bank's wealthiest clients, in late 2020. In late 2020, Wells Fargo disbanded Abbot Downing, the unit that catered to the bank's wealthiest clients. Abbot Downing was folded into Wells Fargo's private bank, which also serves rich clients, but it wasn't a safe haven. Business Wire via APGinter left Wells Fargo in September 2021 to launch a new registered investment advisor the following March. Some ex-Abbot Downing employees refer to Callan the "new Abbot Downing" for its focus on the ultra-rich set.

☆ How to invest in the S&P 500 — a guide to the funds that mimic the influential index's makeup and moves
▼ + stars: | 2023-05-15 | by ( Martin Daks | ) www.businessinsider.com time to read: +17 min

After tracking the S&P 500 from 1965 to 2021, Berkshire Hathaway found the compound annual gain in the S&P 500 was 10.5%. In the case of S&P 500 index funds, the stocks are those of the companies listed in the S&P 500. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. The diversified, passive approach of S&P 500 funds — like most index funds — means an investor's downside is generally limited.

☆ Abbot Downing's president pitched a buyout to save the Wells Fargo unit from being folded. The bank said no, and employees have fled.
▼ + stars: | 2023-05-11 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

☆ What the debt ceiling standoff means for money market funds
▼ + stars: | 2023-05-10 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

But some investors worry about increased risk as the debt ceiling debate intensifies. Money market funds — which are different than money market deposit accounts — typically invest in lower-risk, short-term debt, such as Treasury bills, and may make sense for short-term investing goals. As a result, some of the biggest money market funds are paying nearly 5% or more as of May 9, according to Crane data. Investors worry funds may 'break the buck'As default concerns rise, investors fear money market funds may "break the buck," which happens when a fund's so-called net asset value, or total assets minus liabilities, falls below $1. Money market funds may provide an 'opportunity'Despite the looming debt ceiling, advisors are still recommending money market funds for cash.

☆ UBS shares its 5 top takeaways for investors from Berkshire Hathaway's 'best annual meeting in years' — including how Warren Buffett's successor will take over
▼ + stars: | 2023-05-09 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Berkshire Hathaway had a successful annual meeting following its Q1 earnings report. Warren Buffett's Berkshire Hathaway had its "best annual meeting in years" over the weekend, according to UBS analyst Brian Meredith — and it wasn't just because of its strong earnings report. 5 top takeaways from Berkshire Hathaway's annual meetingStrong earnings results were just one impressive component from Berkshire Hathaway's annual meeting. "We viewed Berkshire's 2023 annual meeting as the best in several years with quality questions and insightful answers," Meredith wrote. After BNSF undershot on volumes and suffered from higher compensation costs, Berkshire investors may start to wonder if the company would reconsider its stance against PSR.

☆ The No. 1 mistake this self-made millionaire sees first-time investors make: Your money is in 'financial purgatory’
▼ + stars: | 2023-04-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

However, there's a common mistake she sees many beginners make: not actually investing their money. "If you just put your money into something like a Roth IRA or a 401(k), it's in financial purgatory," she says. After setting up your Roth IRA with an online broker and making contributions to the account, investors need to actually invest that money in something, such as an index fund or a target-date fund. "It's like a gift card," Dunlap explains. "You put money on a gift card and then you have to go buy things."

☆ A part-time real estate investor who is financially independent thanks to his rental income shares 3 strategies he's used to maximize cash flow
▼ + stars: | 2023-04-15 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Part-time real estate investor Atif Afzal is financially independent, thanks to his rental income. To maximize his cash flow, he manages his properties himself, rather than paying a property manager. When Atif Afzal set out to invest in real estate, his goal was to create cash flow. He shared three strategies that have helped him maximize cash flow and create financial independence. There are other advantages to buying in cash besides the cash flow component: "The biggest advantage is you are in the driver's seat and in a better position to negotiate with the seller.

☆ Explainer: Why European money market funds inflows are lagging behind the U.S. torrent?
▼ + stars: | 2023-04-11 | by ( Harry Robertson | ) www.reuters.com time to read: +6 min

[1/2] U.S. dollar and Euro bank notes are photographed in Frankfurt, Germany, in this illustration picture taken May 7, 2017. In Europe, investors put 17.7 billion euros ($19.35 billion) into euro-denominated money market funds in March, Refinitiv Lipper data shows, when the Credit Suisse crisis rocked markets. Other analysts said it was due to the fact that euro money market funds are underdeveloped relative to U.S. funds and are focused more on private sector, particularly bank, debt. WHAT IS A MONEY MARKET FUND? The European money market fund sector is far smaller than in the United States.

☆ Olaplex is losing top employees as it faces falling sales and a hair-loss lawsuit
▼ + stars: | 2023-04-06 | by ( Alex Bitter | Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Eight top Olaplex employees have left the company since October, Insider has learned. Her LinkedIn profile says she joined the online-game company Big Fish this year as vice president of people and culture. Kathy Lewis, Olaplex's vice president of education, had been on "contracted sabbatical" since December, according to her LinkedIn profile. The hair-care brand Wella said in a LinkedIn post last week that it hired Lewis as the vice president and global head of education. Olaplex grew its head count over the following year to 174 employees, according to its 10-K filing in February.

☆ What Is a Money Market Fund?
▼ + stars: | 2023-04-04 | by ( ) www.wsj.com time to read: +11 min

“Money market funds have become a much more interesting place,” says Jay McLaughlin, institutional sales manager for iMoneyNet, a research firm that follows the money market fund industry. How money market funds workThe first thing for investors to understand is that money market funds are mutual funds, not bank accounts. Municipal money market fundsMunicipal money market funds appeal to many high-income investors because of their tax-exempt nature. One popular muni money market fund is the $17 billion Vanguard Municipal money market Fund (VMSXX) and its current 7-day yield of 2.65%—a yield which on its face is lower than other fund types, but after taxes are considered, can actually be higher for some investors. How to get the best money market fund ratesTypically your stock trading platform may have a default money market fund for its clients, established at your initial sign-up, as a kind of placeholder to keep your cash.

☆ Investors are pouring record amounts into money market funds as rates rise. How to pick the best one
▼ + stars: | 2023-03-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors in search of relative safety and attractive yields are piling into money market funds at record levels. In particular, they fled to government money market funds – which hold U.S. Treasurys – with retail assets surpassing $1.25 trillion. Here's what you should know as you browse: Three varieties In addition to government money market funds, there are also tax-exempt money market funds. She noted that there are also some state-specific money market funds, which might make sense for residents in high-tax jurisdictions. Money market funds also shouldn't be confused with money market accounts – which are interest-bearing accounts you can open at a bank.

The turmoil inflicted on financial markets has sent cautious investors running away from volatile markets and toward more liquid alternatives. These funds invest in short-term securities like government bonds, certificates of deposit — or fixed-term savings accounts — and commercial debt. But money markets aren't without risks of their own, especially when they experience a large wave of investors all at once. What's happening: Since the Fed began to raise interest rates a year ago, the amount of money in money market funds has increased by roughly $400 billion. Money market funds are deeply interconnected with the wider financial system, and often face the same risks as banks.

☆ Premarket stocks: Americans are going all-in on cash. That could spell more trouble
▼ + stars: | 2023-03-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The goal of a money market fund is to provide investors with a relatively stable investment option that offers higher returns than traditional savings. What’s happening: Since the Fed began to raise interest rates a year ago, the amount of money in money market funds has increased by roughly $400 billion. Goldman Sachs economists wrote in a note on Thursday that Americans could sell as much as $1.1 trillion in stocks this year and put that money into credit and money market assets instead. Money market funds are deeply interconnected with the wider financial system, and often face the same risks as banks. The Federal Deposit Insurance Corporation, a US government agency that insures deposits in banks and savings associations, does not insure cash invested in money market funds.

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