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REUTERS/Henry NichollsNEW YORK, Aug 9 (Reuters) - Private equity firm Symphony Technology Group (STG) is nearing a deal to acquire media editing software maker Avid Technology Inc (AVID.O) for close to $1.4 billion, including debt, according to people familiar with the matter. Palo Alto, California-based STG is a mid-market private equity firm focused on technology investments. Earlier this year, STG struck a deal to take Momentive Global Inc, the parent company of SurveyMonkey, private in a $1.5 billion deal. STG currently manages about $10 billion of assets and has invested in more than 50 companies in the technology industry. Reporting by Milana Vinn and Anirban Sen in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Cruise, Jennifer Connelly, Henry Nicholls, STG, Milana Vinn, Anirban Sen, Jonathan Oatis Organizations: REUTERS, Technology, Avid Technology Inc, Avid, Reuters, Impactive, Momentive, Inc, Thomson Locations: London, Britain, Burlington , Massachusetts, Palo Alto , California, New York

NEW YORK, Aug 3 (Reuters) - Symphony Technology Group (STG) and Francisco Partners are among the private equity firms competing to acquire media editing software maker Avid Technology Inc (AVID.O), according to people familiar with the matter. Avid, Goldman and Francisco Partners declined to comment. Palo Alto-based STG is a mid-market private equity firm focused on technology investments. Francisco Partners is a prolific tech investor, which has raised over $45 billion to date. Earlier this week, Francisco Partners teamed up with TPG Inc (TPG.O) to acquire New Relic (NEWR.N) for $6.5 billion.

Persons: Goldman, STG, Palo, Francisco, Milana Vinn, Anirban Sen, Sharon Singleton, Jonathan Oatis Organizations: Symphony Technology, Francisco Partners, Avid Technology Inc, Avid, Goldman Sachs, Reuters, Momentive, Inc, TPG Inc, Impactive, Thomson Locations: Burlington , Massachusetts, Palo Alto, New York

☆ Here's how much emergency savings you need amid economic uncertainty, according to financial advisors
▼ + stars: | 2023-05-15 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Nirunya Juntoomma | Istock | Getty ImagesAn emergency fund is a key piece of your financial plan, especially amid economic uncertainty. But the right amount of cash depends on your household and occupation, according to financial experts. Most Americans aren't prepared for a financial emergency, according to a recent CNBC/Momentive survey of more than 4,000 U.S. adults. "Rules of thumb overlook a number of important factors," said certified financial planner Andy Baxley at The Planning Center in Chicago. However, a one-income household with "highly variable pay" may aim for nine months of emergency savings, he said.

☆ Talk about money in your relationship, says financial psychologist: 'It tends to be good for us'
▼ + stars: | 2023-04-27 | by ( Sara Lindsay | In Sara-Lindsay | ) www.cnbc.com time to read: +2 min

This disparity can lead to uncomfortable situations like not wanting to talk about money or even "financial infidelity" — couples hiding their purchases from each other. But financial psychologist Bradley Klontz, a member of CNBC's Financial Advisor Council, said talking about money in a relationship can serve as an opportunity for growth. "Sometimes we don't enjoy that experience, but it tends to be good for us when it comes to our relationship with money." That anxiety surrounding money, Klontz said, is also often inherited. Not talking these things through leaves people feeling alone in their financial struggles, even though 7 in 10 Americans report feeling stressed about money, according to a new CNBC Your Money Financial Confidence Survey conducted in partnership with Momentive.

☆ Meet the 31-year old VC and self-made millionaire who faced Hong Kong loan sharks and his own fear of death
▼ + stars: | 2023-04-14 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

31-year old Maurice Ng came to the US with nothing after his family fled loan sharks in Hong Kong. It was a simple spreadsheet that inspired Maurice Ng at 29 to quit his job to become a venture capitalist. He deducted a little over 2,000 days for commuting time, and allowed himself 255 "regular sick days" and 10 "serious sick days." Assuming 3 meals a day, 365 days a year, 1 hour per meal, he deducted 5,817 days for eating. Despite the current turmoil in the tech industry and venture capital, Maurice seems to be inoculated against self doubt.

☆ 3 tips can help you save if you're living paycheck to paycheck, personal finance expert Suze Orman says
▼ + stars: | 2023-04-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

watch nowWhen you're living paycheck to paycheck, it can be tough to find money to save. More than half, or 58%, of all Americans are living paycheck to paycheck, according to the March results. If you find setting money aside difficult, it's a sign that it's time to change your lifestyle, personal finance expert Suze Orman said. Automate your savingsTo get into the habit of setting money aside, it's best to automate the process, Orman said. Once you start to automate savings and you love savings as much as you love spending ... you will not be living paycheck to paycheck.

☆ Here's how much money Americans say they need to feel 'financially comfortable'
▼ + stars: | 2023-04-12 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

For Americans to feel "financially comfortable," 1 in 5 say they'd need $1 million, according to the CNBC Your Money Financial Confidence Survey, conducted in partnership with Momentive. The description "financially comfortable" is subjective, and will mean different things to different people. Some might be thinking about current bills or debt they want to pay off, while others might be focused on long-term expenses or retirement goals. Here's the breakdown of the results, based on the amounts survey respondents selected: $10,000: 8%$25,000: 14%$100,000: 36%$500,000: 18%$1 million: 20%No answer: 4% Nearly 75% of respondents say they need $100,000 or more to feel financially comfortable, with 20% selecting $1 million. That majority is steady across all income levels, although respondents earning six figures are more likely to say they need $100,000 or more.

☆ Most Americans are using tax refunds to boost savings or pay off debt, CNBC survey finds
▼ + stars: | 2023-04-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

mediaphotos | E+ | Getty ImagesMost Americans will use their tax refund to bolster their finances amid economic uncertainty, stock market volatility and lingering inflation. More than one-third of Americans are saving their tax refund this season and 44% have earmarked the funds to pay off debt or bills, according to the CNBC Your Money Financial Confidence Survey, conducted in partnership with Momentive. A recent Bankrate survey also found that tax refunds are important to most Americans' financial situation, and that paying off debt and boosting savings are top priorities this year, which is similar to past findings. Some 45% of Americans expect to receive or have already received a tax refund this season, according to the CNBC survey. "So if you have credit card debt, putting some of this refund money towards that debt is a really good choice."

☆ 53% of Americans say they don't have any emergency savings—3 tips to get started
▼ + stars: | 2023-04-11 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

It's perhaps understandable, then, that over half (53%) of Americans report not having emergency savings. Just 45% of respondents say they currently have an emergency fund, according to the CNBC Your Money Financial Confidence Survey, conducted in partnership with Momentive. See how your savings stack up below, as well as steps you can take to boost your emergency fund. Just 8% of respondents who say they have an emergency fund report having less than $1,000 in it. How to start building an emergency fund

☆ 'CNBC Your Money' survey shows 70% of respondents are financially stressed
▼ + stars: | 2023-04-11 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'CNBC Your Money' survey shows 70% of respondents are financially stressedCNBC's Sharon Epperson reports on results from the CNBC/Momentive Your Money financial confidence survey.

☆ How women are re-defining ambition to build happier, more successful careers: It isn’t ‘worth sacrificing my mental health for’
▼ + stars: | 2023-03-31 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Women continue to face alarmingly high levels of burnout — the extreme circumstances of working and surviving during a pandemic, some workplace experts warn, has cost women their ambition. Overall, nearly half (48%) of women describe themselves as "very ambitious" when it comes to their career, and ambition among women of color is even higher, according to a Momentive/CNBC poll of over 5,000 women conducted last month. Women aren't losing their ambition — they're rejecting a narrow definition of ambition as the pursuit of money and power and writing a new one. But after spending the first 10 months of the pandemic working 85-hour weeks at a pharmacy in Los Angeles, Ismail realized her dream career wasn't sustainable. "I realized the career markers I used to strive so hard to achieve aren't worth sacrificing my mental health for."

The remainder was equity checks by the private equity firms. Typically, debt accounts for between 60% and 80% of the deal consideration, allowing the buyout firms to juice returns. REFINANCING RISKTo be sure, a handful of private equity firms have already been accustomed to this kind of refinancing risk. An upside to the shift toward equity financing, dealmakers say, is that the companies owned by the private equity firms have more cushion to absorb losses if their business deteriorates. Many of the leveraged buyouts that became bankruptcies in the wake of the 2008 financial crisis were the result of private equity firms saddling companies with debt to the hilt.

☆ Female executives leaving jobs looking for higher pay
▼ + stars: | 2023-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFemale executives leaving jobs looking for higher payCNBC's Julia Boorstin joins 'Power Lunch' to discuss the key insights from CNBC and Momentive's "Women at Work” annual survey and how the overturning of Roe V. Wade is influencing where women are taking jobs.

☆ The No. 1 reason women say they would quit their jobs in 2023
▼ + stars: | 2023-03-01 | by ( Julia Boorstin | ) www.cnbc.com time to read: +4 min

The top reason women say they're considering leaving their current role is for higher pay, at 52%. For women who left their jobs in the past year, the top reason they give, above higher pay (36%) and career advancement (39%) is work-life balance (45%). Ambition remains highest for women of color, with nearly two thirds of black women workers describing themselves as "very ambitious" in their careers, while 52% of Hispanic women do, compared to 43% of white women. Interestingly, 41% of working women say they haven't heard about new laws mandating companies publish salary ranges, and only 12% say they've used the information from these pay transparency laws to negotiate a raise. Nearly a quarter of women workers say they will not work in a state that limits or bans access to abortion, almost three times as many who say they will only work in a state that limits or bans access to abortion.

☆ How small-business owners can address pay equity, according to a startup founder trying to build generational wealth for employees of color
▼ + stars: | 2023-02-14 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Yemi Rose is the founder of OfColor, a startup helping workers of color build generational wealth. Rose shared his insights on how small businesses could reach pay equity for employees of color. Before starting OfColor, Rose spent 16 years workings for financial and consulting firms like Thomson Financial and KPMG. In a conversation with Insider, Rose shared his thoughts on how small-business owners could reach pay equity for their employees of color. Before launching OfColor, Rose wanted to become an expert on the systems dictating wealth across America.

Medical travel insurance can cover international medical expenses. Medical travel insurance can be a standalone product or part of a travel insurance package. Like other types of insurance, medical travel insurance rates are calculated based on various factors. A word to the wise: Travel medical insurance is either primary (you can submit claims directly to your travel medical insurance provider) or secondary (you must first submit claims to your primary insurance provider). Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

☆ American small business pessimism on recession, inflation, isn't relenting
▼ + stars: | 2023-02-09 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +10 min

That's according to the CNBC|SurveyMonkey Small Business Survey for the first quarter of 2023. The Q1 survey was conducted from Jan. 23-Jan. 30 among over 2,300 small business owners across the country. "Small business owners have a more difficult time gaining benefits of economies of scale," said Holly Wade, executive director of the NFIB Research Center, whose own recent surveying of small business owners finds persistent pessimism. The new CNBC|SurveyMonkey data finds 75% of small business owners saying they are still facing rising costs of supplies and just over half (51%) supply chain disruptions. Politics is a factor in Main Street outlook Politics plays a role in any small business survey, with a demographic that skews conservative.

Personal Finance Insider conducted a 2023 winter travel insurance survey of 971 US adults in December through Momentive AI Audience. It found most travelers who bought travel insurance were concerned about their travel provider or their health. About 11% said they always buy travel insurance out of habit, and just 5% said a friend had recommended it. Of those who responded to the survey, about 18% had purchased travel insurance and made a claim, while 24% had not made a claim on their coverage. As we continue to see travel delays and disruptions, travel insurance will become more important and will be viewed as a necessity and not just an expense.

☆ $1 million in retirement savings lasts longest in these 10 states—almost half are in the southeast
▼ + stars: | 2022-12-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Retirement can last 25 years or more after you stop working, according to Fidelity Investments. But in some states with high costs of living, like Hawaii, $1 million in retirement savings would only last about 10 years. However, in less expensive states, $1 million would be enough to cover your living expenses for the majority of your retirement years. If you plan on retiring in the United States, you can expect your retirement savings to stretch the furthest in Mississippi, according to GoBankingRates' latest analysis. Here are the top 10 states where $1 million in retirement savings would last the longest.

☆ Here are the 34 tech companies most likely to be snapped up by private equity firms like Vista and Thoma Bravo in 2023, according to bankers and market data
▼ + stars: | 2022-12-24 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

With a stock price down 45% in the last year, though, it may soon find itself on the other side of the table. But it has $732 million in cash on hand, with zero debt, and analysts are projecting 16% revenue growth. This year, though, Varonis has come back to earth — its stock price has sunk over 57% in the last 12 months. However, with strong projected 2023 revenue growth of 18.6%, Zuora remains a strong target for PE firms. Its stock price has been hammered, going down about 40% this year and making it the subject of mergers-and-acquisitions chatter.

☆ Bitcoin lost over 60% of its value in 2022—here’s how much 6 other popular cryptocurrencies lost
▼ + stars: | 2022-12-23 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

In the latest blow to the crypto space, Core Scientific, one of the largest publicly traded crypto mining companies in the U.S, which primarily mints bitcoin, filed for bankruptcy on Dec. 21, citing falling crypto prices and rising energy costs. Just 8% of Americans have a positive view of cryptocurrency as of Nov. 2022, according to the CNBC All-America Economic Survey. Overall, the crypto market has lost a little over $2 trillion in 2022 and popular digital coins such as bitcoin have fallen far below their 2021 highs. Here's how much the value of seven popular cryptocurrencies changed in 2022 as of Dec. 22, per CNBC's calculations. For this reason, financial experts typically advise against investing more into crypto than you're willing to potentially lose.

☆ Self-made millionaire: You don’t have to give up lattes to get rich—do this instead
▼ + stars: | 2022-12-22 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

If that's your goal, you don't have to cut out little luxuries to get there, says Ramit Sethi, a self-made millionaire and author of the New York Times best-seller "I Will Teach You To Be Rich." "I'm not the guy who's gonna say, 'Hey, go to cut back on lattes. When it comes to building wealth, most people focus on the "$3 questions" like, "Should I skip buying a latte today?" Instead, you should focus on the "$30,000 questions," Sethi says. Instead of waiting and hoping to win the lottery, here are two things you can do now to start building wealth, according to Sethi.

☆ U.S. workers not worried about potential layoffs, new CNBC survey finds
▼ + stars: | 2022-12-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. workers not worried about potential layoffs, new CNBC survey findsCNBC's Sharon Epperson joins 'Squawk Box' with the latest CNBC and Momentive workforce survey results, which found a majority of respondents are not concerned about potential layoffs.

☆ Here are the 34 tech companies most likely to be on the holiday shopping lists of private-equity firms after valuations plunged this year, according to bankers and private data
▼ + stars: | 2022-12-15 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

☆ 23% of Americans think real estate is the best way to build wealth, but only 12% bought in 2022
▼ + stars: | 2022-12-15 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

When it comes to building wealth, Americans say one thing and do another. Why real estate is more popular than stocks in theory, but not in practiceSo what's keeping Americans from investing the way they want? "In real estate, it takes money to make money," says Nicholas Bunio, a certified financial planner in Downingtown, Pennsylvania. It's no wonder, then, that wealthier respondents in Make It's survey were more likely to have invested in real estate. Just 6% of respondents earning $50,000 or less said they bought real estate this year, compared with 12% earning between $50,000 and $99,000 and 21% earning $100,000 and up.

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