Oscar Health, Kenvue, Hims & Hers: Health earnings roundup

Simply Wall St.
Shareholders in Suntec Real Estate Investment Trust (SGX:T82U) are in the red if they invested five years ago
For many, the main point of investing is to generate higher returns than the overall market. But the main game is to...
The Edge Singapore
Singtel's FY2024 earnings down 64% y-o-y to $795 mil, boosts full year dividend to 15 cents; announces new growth plan
Singtel is increasing dividend for the third year
Simply Wall St.
3 High Yield Dividend Stocks On SGX With Yields Up To 8.2%
As Singapore continues to embrace technological advancements, the recent unveiling of a Web3 digital banking platform by Alchemy Pay highlights the market's progressive adaptation to the evolving landscape of digital finance. In this dynamic environment, high-yield dividend stocks on the SGX offer investors potential stability and consistent returns, qualities that are particularly appealing amid the rapid changes in financial technology and payment systems.
The Smart Investor
Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT
We compare two popular REITs under the CapitaLand banner to see which makes the better investment. The post Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT appeared first on The Smart Investor.
CNN Business
Nvidia’s incredibly pricey shares are about to get much cheaper
Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors.
The Independent
Michigan man who had seizure on Royal Caribbean cruise forced to pay $2500 bill before evacuating
Vincent Wasney returned home from cruise in thousands of dollars of medical debt
GOBankingRates
If You Invested $20,000 in These Companies 20 Years Ago, You Would Be a Millionaire Now
Making a million dollars is no easy task if you're starting from scratch. It's going to take some combination of time, luck and work. Sometimes, though, if you're starting with some money, you can let...
The Independent
Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
AFP News
Nvidia profits soar on demand for AI power
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
The Smart Investor
Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns
Over the past five years, there were three US stocks that beat the 93% return of the SPDR S&P 500 ETF (NYSE: SPY). And no, they are not any of the Magnificent 7 stocks. The post Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns appeared first on The Smart Investor.
Yahoo Finance
US federal budget crosses grim milestone as interest payments overtake defense spending
Interest payments on the national debt are set to eclipse defense spending this year for the first time ever.
Reuters
Analysis-Bulls beat a path to China stock shop but foreigners dare not go in
Emboldened by China's latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors are hopeful but taking it slow. Last week's sweeping measures to support the property sector, which authorities dubbed as historic, were the latest in a series of steps China has taken since February in a bid to boost consumption, funnel state money into priority sectors and underpin the stock market. "To some extent, I think what's been announced isn't yet of a scale that is going to start putting a meaningful kind of tens of percentage points onto GDP," said Sunil Krishnan, head of multi-asset funds at Aviva Investors in London.
Reuters Videos
Global chip 'warfare': South Korea's $19 bln package
STORY: South Korea announced a major $19 billion package for its chip businesses on Thursday (May 23).Seoul made the move amid what it called "all-out warfare" in the global semiconductor market.Authorities want to keep up with other countries in areas like chip design and contract manufacturing.South Korean President Yoon Suk Yeol."As we all know, semiconductors are a field where all-out national warfare is underway. Win or lose, that depends on who can make cutting-edge semiconductors first. We need to provide strong support for semiconductors to ensure that our country doesn't fall behind others in the competition.”It comes months after Yoon said his government would pour all possible resources into the country's chip industry.He said he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.South Korea is home to the world's top memory chip makers Samsung and SK Hynix.But the country has fallen behind some rivals in areas like chip design and contract manufacturing.The government said it aimed to boost the country's global market share in non-memory chips, such as mobile processors, to 10% - that would be up from the current 2%.Semiconductors are a hot topic.Countries around the world, ranging from China to the U.S., have invested billions of dollars into supporting their own chip sectors.
FX Empire
USD/JPY Forecast – US Dollar Continues to Pound The Yen
The US Dollar continues to look very strong against the yen, as the interest rate differential continues to be the biggest driver overall. Ultimately, this is a situation where you continue to get paid for hanging onto the long position.
Simply Wall St.
Exploring SGX Dividend Stocks With DBS Group Holdings And Two Others
As global markets navigate through technological advancements and heightened cybersecurity measures, the Singapore Exchange (SGX) remains a focal point for investors looking for stability and potential growth. Amidst these evolving dynamics, dividend stocks like DBS Group Holdings offer a particular appeal due to their potential for regular income and relative resilience in fluctuating markets.
Thomson Reuters StreetEvents
Q2 2024 Analog Devices Inc Earnings Call
Q2 2024 Analog Devices Inc Earnings Call
AFP News
US Fed's rate meeting minutes show growing inflation concerns
A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.The minutes of the two-day Federal Open Market Committee (FOMC) meeting show that policymakers generally felt that "recent data had not increased their confidence that inflation was moving sustainably toward two percent."
Yahoo Finance Video
Tesla stock tumbles as European registrations hit a low
Tesla (TSLA) shares are trading lower Wednesday as the electric vehicle giant faces a new headwind in its European operations. The automaker's vehicle registrations in the region have plummeted to their lowest level since January 2023 with 13,951 units registered in April 2024, according to data from the European Automobile Manufacturers' Association. This reflects a 2.3% year-over-year decline. Yahoo Finance's Seana Smith and Madison Mills break down the details, providing insights into the broader electric vehicle market. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Reuters
Gold prices dip after record highs on profit taking, rate cut bets cool
Gold prices dipped over 1% on Wednesday as the gold rally cooled with investors booking profits, as traders pulled back from bets on Federal Reserve's rate cuts this year. Spot gold fell 1.8% to $2,377.43 per ounce by 1858 GMT. "You're seeing some week-long liquidation, some profit taking by the shorter term futures traders; all of which is not unusual in a market that hit a record high," said Jim Wyckoff, senior analyst at Kitco Metals.

Straits Times Index

S&P 500

Dow

Nasdaq

Bitcoin USD

CMC Crypto 200

FTSE 100

Gold

Crude Oil

10-Yr Bond

Nikkei

Hang Seng

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

Oscar Health, Kenvue, Hims & Hers: Health earnings roundup

Latest stories

Shareholders in Suntec Real Estate Investment Trust (SGX:T82U) are in the red if they invested five years ago

Singtel's FY2024 earnings down 64% y-o-y to $795 mil, boosts full year dividend to 15 cents; announces new growth plan

3 High Yield Dividend Stocks On SGX With Yields Up To 8.2%

Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT

Nvidia’s incredibly pricey shares are about to get much cheaper

Michigan man who had seizure on Royal Caribbean cruise forced to pay $2500 bill before evacuating

If You Invested $20,000 in These Companies 20 Years Ago, You Would Be a Millionaire Now

Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m

Nvidia profits soar on demand for AI power

Canada's Power Corp shuts down China unit, lays off staff, sources say

Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns

US federal budget crosses grim milestone as interest payments overtake defense spending

Analysis-Bulls beat a path to China stock shop but foreigners dare not go in

Global chip 'warfare': South Korea's $19 bln package

USD/JPY Forecast – US Dollar Continues to Pound The Yen

Exploring SGX Dividend Stocks With DBS Group Holdings And Two Others

Q2 2024 Analog Devices Inc Earnings Call

US Fed's rate meeting minutes show growing inflation concerns

Tesla stock tumbles as European registrations hit a low

Gold prices dip after record highs on profit taking, rate cut bets cool