UPDATE 1-Cardinal Health says contracts with UnitedHealth's OptumRx will not be renewed

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As the Singapore market embraces innovation, exemplified by Deutsche Bank joining the Monetary Authority of Singapore's Project Guardian to explore asset tokenization, investors are witnessing a dynamic shift in financial technologies and investment possibilities. In this evolving landscape, dividend stocks remain appealing for their potential to offer steady income streams, particularly when navigating through periods of technological transformation and market adaptation.
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OCBC has made an offer for insurer Great Eastern Holdings. Will this move benefit the lender? The post OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors? appeared first on The Smart Investor.
Benzinga
Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion
Legendary investor Warren Buffett has long advocated for the average investor to regularly put money in an S&P 500 index fund rather than buying actively managed funds. However, that's not to say he doesn't think massive outperformance isn't possible. As far back as 1999, Mr. Buffett famously said he could achieve 50% annual returns if he had only $1 million to manage, stating, "The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But
CNN Business
McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.
Insider Monkey
14 Best Long-Term Dividend Stocks To Buy Now
In this article, we discuss 14 best long-term dividend stocks to buy now. You can skip our detailed analysis of dividend stocks and their previous performance, and go directly to read 5 Best Long-Term Dividend Stocks To Buy Now. For long-term investing, many investors aim for not just growth but a steady stream of income […]
Simply Wall St.
3 High Yield Dividend Stocks On SGX With Returns Up To 6.3%
Amidst the dynamic landscape of the Singapore stock market, investors continue to seek stable and potentially lucrative opportunities, particularly in high-yield dividend stocks. In this context, understanding what constitutes a robust dividend stock can be crucial, especially when navigating through varying economic conditions that influence market performance.
Simply Wall St.
Boustead Singapore Limited (SGX:F9D) insiders seem bullish, own 46% and have been buying more recently
Key Insights Insiders appear to have a vested interest in Boustead Singapore's growth, as seen by their sizeable...
Benzinga
5 REITs That Just Received Price Target Increases
Analysts carry a great deal of weight on Wall Street and help to shape investor sentiment. Analyst upgrades & price target increases are great motivations for investors to buy a stock. Consequently, when an analyst upgrades or maintains a previous rating while increasing the price target, investors may anticipate a boost to the share price. Analysts will often review a particular subsector and then increase price targets on more than one stock within a certain sector. Other times when one analys
Zacks
What You Need to Know Ahead of Alibaba's (BABA) Q4 Earnings
Alibaba's (BABA) fiscal fourth-quarter results are likely to reflect strength in the International commerce, logistics, local services and cloud businesses despite macroeconomic concerns in China.
Fortune
The Fed’s 2% inflation target is a ‘pipe dream’ and stocks are set to drop 10%, Stifel’s Barry Bannister warns
Stifel's Bannister expects the S&P 500 to drop 10% by the end of the third quarter because the 'pseudo recession' that helped tame inflation is now over.
Reuters
UBS announces equity conversion provision for almost $5 billion in AT1 debt
UBS on Monday said almost $5 billion worth of Additional Tier 1 (AT1) bonds, a form of debt, have been made available for equity conversion following a decision by shareholders of the Swiss bank last month. The bank said that as of May 10, the decision covers four outstanding AT1 issuances made since November 2023, three worth a total of $4.5 billion and one more with a value of 650 million Singapore dollars ($480 million). "As a result, as from such date, these instruments are subject to equity conversion (and no longer subject to write-down) upon the occurrence of a trigger event or a viability event," UBS said in a statement.
Yahoo Finance
How rich homebuyers are avoiding high mortgage rates
Homebuyers with means are turning to an old strategy to get around a new crop of high mortgage rates: all-cash deals.
Reuters
Dollar slips after unexpected rise in US producer prices
NEW YORK/LONDON (Reuters) -The dollar eased on Tuesday after an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and services, indicating inflation remained stubbornly high early in the second quarter. The report from the Labor Department also showed wholesale goods prices rising solidly last month, though the cost of food declined. Traders trimmed their expectations for the Federal Reserve to cut interest rates in September after the report.
Reuters
Strong services fan US producer inflation in April
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. It followed recent surveys showing an increase in inflation expectations, prompting traders to trim bets for a September interest rate cut from the Federal Reserve.
Benzinga
Tesla's Fire & Hire: Musk Brings Back Some Laid-Off Supercharger Team Employees
Tesla, Inc. (NASDAQ:TSLA) reportedly started hiring back some of the around 500 members of its Supercharging team who were laid off last month. Max de Zegher, the director of charging for North America, is among the personnel who have been re-hired by Elon Musk, said Bloomberg. Apart from De Zegher, Rebecca Tinucci, the senior director, was fired late last month along with everyone else on the Supercharging team. Notably, CEO Elon Musk fired 500 employees responsible for expanding the company's
The Smart Investor
5 AI-Related Growth Stocks to Supercharge Your Investment Portfolio
With artificial intelligence being the hot buzzwords now, we feature five AI-related growth stocks that you can consider adding to your portfolio. The post 5 AI-Related Growth Stocks to Supercharge Your Investment Portfolio appeared first on The Smart Investor.
Bloomberg
Chinese silver trading powerhouse eyes expansion in Singapore
The company hopes to grow its trading team in Singapore from the current four to 15 to 20, said its general manager Eric Hu.
Benzinga
Warren Buffett Says Tesla Achieving Full Self-Driving Would Be "Good For Society And Bad For Insurance Companies Volume"
Berkshire Hathaway Inc. (NYSE:BRK) had its annual meeting earlier this month, and Warren Buffett continued to share his wealth of knowledge on the company, investing, and modern events. At one point, the legendary investor talked about leading electric vehicle maker Tesla Inc., commenting specifically on their recent pivot to releasing robotaxis and a true fully self-driving technology. While Tesla isn't the only company that has self-driving software, it is one of the most advanced. But it's st
Reuters
China's Tencent Q1 revenue tops forecasts as ad sales, business services shine
HONG KONG (Reuters) -China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, on strong growth in advertising sales and business services. China's biggest internet company and operator of the WeChat messaging platform said revenue reached 159.5 billion yuan ($22.04 billion) for the three months ended March 31. It's the fifth straight quarter of revenue growth as the company recovers from a regulatory crackdown by Beijing in 2022.
Zacks
Rivian Automotive, Inc. (RIVN) is Attracting Investor Attention: Here is What You Should Know
Rivian Automotive (RIVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

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UPDATE 1-Cardinal Health says contracts with UnitedHealth's OptumRx will not be renewed

Latest stories

Unveiling 3 SGX Dividend Stocks With Yields Up To 7.4%

OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors?

Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion

McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore

14 Best Long-Term Dividend Stocks To Buy Now

3 High Yield Dividend Stocks On SGX With Returns Up To 6.3%

Boustead Singapore Limited (SGX:F9D) insiders seem bullish, own 46% and have been buying more recently

5 REITs That Just Received Price Target Increases

What You Need to Know Ahead of Alibaba's (BABA) Q4 Earnings

The Fed’s 2% inflation target is a ‘pipe dream’ and stocks are set to drop 10%, Stifel’s Barry Bannister warns

UBS announces equity conversion provision for almost $5 billion in AT1 debt

How rich homebuyers are avoiding high mortgage rates

Dollar slips after unexpected rise in US producer prices

Strong services fan US producer inflation in April

Tesla's Fire & Hire: Musk Brings Back Some Laid-Off Supercharger Team Employees

5 AI-Related Growth Stocks to Supercharge Your Investment Portfolio

Chinese silver trading powerhouse eyes expansion in Singapore

Warren Buffett Says Tesla Achieving Full Self-Driving Would Be "Good For Society And Bad For Insurance Companies Volume"

China's Tencent Q1 revenue tops forecasts as ad sales, business services shine

Rivian Automotive, Inc. (RIVN) is Attracting Investor Attention: Here is What You Should Know