UnitedHealth (UNH) increased its quarterly dividend by 11.7%, from $1.88 to $2.10 per share. The dividend will be paid on 25 June to shareholders of record on 17 June. The ex-dividend date is 17 June. UNH’s contribution to DivGro’s projected annual dividend income will increase by $44 to $420. I own 50 shares of UNH at an average…
Lithium has had a great run in recent years due to increasing demand from primarily electric car and battery manufacturers. However, just recently I have noticed various reports suggesting that lithium supply is going to outstrip demand in the coming years due to the increased production largely coming from Chile and Australia. Yesterday, Morgan Stanley…
Rajib Kumar Mishra ceased to be chairman of PTC India Financial Services Ltd (PFS) as well as CMD of PTC India Ltd following the order passed by markets regulator Sebi that restrained him from holding the director’s post for six months, the two companies said on Thursday. PFS, promoted by PTC India Ltd, is a…
Public Sector Undertakings (PSU) Banks in India are financial institutions where the majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or the State Ministry of Finance of various State Governments of India. These banks play a crucial role in the financial sector and in…
June S&P E-mini futures: Inflation is coming down and the Fed is unlikely to tighten any more. My long-standing 5400 target has been reached but may well prove too conservative. The 6000 level seems a better bet by the end of the year. QQQ: Support is 455. Next resistance is 481. TNX (ten year note…
Wednesday’s Runners: Yesterday’s premarket report went off without a hitch, getting us right back on track with a solid sweep of our daily board. We offered up a trio of possibilities for options trades, and all three of them exhibited notable intraday upswings and opportunities for traders. We were working with the ORCL Weekly $132-135 Calls, the…
June 13, 2024June 13, 2024 Shares of InterGlobe Aviation, the parent company of IndiGo, were trading in the red and 1.6% lower on 13 June after 5.21 lakh shares of the company changed hands on the exchanges via a block deal. A block deal involving 5.21 lakh shares of…
This Week’s a.i. Stock Spotlight is Costco ($COST) Costco Wholesale Corporation distinguishes itself in the retail landscape through a unique business model that emphasizes bulk sales and membership exclusivity, contrasting sharply with both traditional brick-and-mortar big box retailers and online shopping platforms. Unlike conventional retailers that profit from wide-ranging individual item sales, Costco focuses on…
The US government is considering additional restrictions on China’s access to advanced chip technology used in AI, Bloomberg reported on Tuesday. The potential measures aim to limit China’s ability to utilize a cutting-edge chip architecture known as gate all-around (GAA), the report said. GAA transistor architecture enhances chip performance and reduces power consumption. The specifics…
By Casey Hall, Lucy Craymer and Mei Mei Chu SHANGHAI/WELLINGTON (Reuters) – Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China after the European Union’s decision on Wednesday to impose anti-subsidy duties on Chinese-made electric vehicles (EVs). China’s state media have reported that domestic companies…