Catherine Keating is the Global Head of BNY Wealth, the wealth management arm of BNY Mellon. In an interview for “Bloomberg Wealth with David Rubenstein,” Keating talks about why elections are about policy and advises their clients to “not invest with your politics.” Keating says that markets tend to do well, regardless of the party that’s in the White House. This interview was recorded October 3 in New York. (Source: Bloomberg) Source link
Author: user
UnitedHealth Q3 Earnings: Revenue And EPS Beat, Revises Annual Profit Guidance As Change Healthcare Cyberattack Still BitesOn Tuesday, UnitedHealth Group (NYSE:UNH) reported better-than-expected third-quarter 2024 earnings but lowered the upper end of its annual EPS outlook.The company reported adjusted EPS of $7.15, up from $6.56 a year ago, beating the consensus of $7.00.UnitedHealth’s revenues increased nearly $8.5 billion (+9.1% Y/Y) to $100.8 billion, beating the consensus of $99.28 billion. This was led by an expansion in the number of people served domestically at Optum and UnitedHealthcare.Third-quarter earnings from operations were $8.7 billion, including $0.3 billion in unfavorable cyber attack effects. Adjusted earnings from operations…
Image source: Getty Images Nvidia (NASDAQ: NVDA) stock is rallying hard again, and at $138, sits just off a record high. This gives the heavyweight AI chipmaker a market cap of $3.39trn. For context, that’s more than the GDP of the UK! The tech share has now surged 178% in 2024, making it the second-best performer in the S&P 500. Yes, that’s right, there’s one stock that’s done even better! That’s Vistra, an energy company whose share price has rocketed 243% year to date due to a surge in AI-fuelled power demand. But that’s not the one I’d buy. A…
(Reuters) – Boeing (NYSE:) filed papers with the U.S. markets regulator on Tuesday for raising up to $25 billion through a stock and debt offering and entered into a $10 billion credit agreement amid a crippling strike and upcoming debt maturities. The planemaker is looking to strengthen its finances that have been strained due to a slump in production of its best-selling 737 MAX jet following a door panel blowout and a strike by thousands of union workers. It was not clear when and how much Boeing will raise via the stock offering, but analysts and investors expect the company…
Transaction to be funded with DevvStream sharesFacility currently capable of storing an estimated 260 MMT of CO2Company will partner with Monroe… Source link
The shares have experienced a pullback in the past couple of weeks. No stock has unlimited upside potential. When a company’s shares rise significantly during a short period, it makes sense to wonder whether it’s still worth investing in, even if it boasts solid fundamentals: Overvalued stocks are much less likely to generate strong returns. That brings us to Summit Therapeutics (SMMT 1.50%), a drugmaker whose shares have skyrocketed by almost 700% since the year started (although that’s down from a gain of as much as a 1,100%). The biotech is clearly doing something right, but have latecomers already missed…
Tuesday, Baird reiterated its Outperform rating on Global Payments Inc. (NYSE:) with a steady price target of $150.00. The firm’s analysis anticipates that the company’s third-quarter earnings per share (EPS) will align with expectations, noting that the Merchant segment might experience a slight slowdown. However, the impact of foreign exchange rates could offer some benefits, differing slightly from initial expectations. The analyst from Baird expressed a belief in the positive risk/reward balance for Global Payments, citing the stock’s valuation at approximately 7.5 times the estimated EPS for 2025. This valuation comes with expectations of a 10-15% growth in EPS. While…
Milton Friedman: The Last Conservative. 2023. Jennifer Burns. Farrar, Straus and Giroux. If you were asked to identify a famous economist based on the following facts, whom would you name? Voted for Democrat Franklin Roosevelt for president in 1936. Supported significant portions of Roosevelt’s New Deal, which some critics deemedsocialistic. Favored moderate Dwight Eisenhower over conservative icon Robert Taft for the 1952Republican presidential nomination. Disdained anticommunist scourge Senator Joseph McCarthy. Attacked the fervently right-wing John Birch Society as “fundamentally wrong.” Considered the gold standard flawed. Said, in connection with public welfare, “[T]here are important functions that must be performed by…
This investment could help you build serious wealth while barely lifting a finger. There are countless factors to consider when choosing an investment, such as your goals, risk tolerance, and how much time you can put toward your portfolio. For many people, exchange-traded funds (ETFs) are the ideal way to invest in the stock market. With just one ETF, you can invest in hundreds of stocks at once with less time and research than buying individual stocks. Whether you’re a beginner investor or just want a no-fuss investment, ETFs can be a smart choice. Despite being less effort than individual…
October 15, 2024 7:30 AM EDT | Source: DevvStream Holdings Inc. Transaction to be funded with DevvStream sharesFacility currently capable of storing an estimated 260 MMT of CO2Company will partner with Monroe Sequestration Partners to generate both federal tax credits and voluntary offset creditsVancouver, British Columbia–(Newsfile Corp. – October 15, 2024) – DevvStream Holdings Inc. (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0) (“DevvStream” or the “Company”), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, and Monroe Sequestration Partners LLC (“MSP”), a subsidiary of Crestmont Investments LLC (“Crestmont”), today announced the signing of an MOU whereby DevvStream…