By Medha Singh and Lewis Krauskopf
NEW YORK (Reuters) - Nvidia's plan to split its stock after the stunning rise in the chipmaker's share price could lure more interest from retail investors while potentially paving the way for the company's inclusion in the Dow Jones Industrial Average.
Nvidia shares were soaring 10% on Thursday afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report... (continue reading...)
(Reuters) -CVS Health Corp has been seeking a private equity partner to fund growth at Oak Street Health, a primary care provider it bought a year ago, Bloomberg News reported on Thursday.
The company has been working with financial advisers to help find capital to back new clinics that will be opened by Oak Street, the report said, citing people familiar with the matter.
The deliberations are in a preliminary stage and the structure could... (continue reading...)
(Reuters) - Boeing's cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024.
Boeing currently has a BBB- rating from S&P, one level above "junk" status, with a negative credit rating outlook. The rating agency changed that outlook in April to "negative" from "stable" due to the increased chance that it will take more time for cash flow to... (continue reading...)
Starwood REIT Tightens Redemption Limits To Preserve Liquidity - Bloomberg
JPMorgan quant strategists released a model assessing the fair value of the S&P 500 in a scenario where macroeconomic volatility increases to levels seen before the pandemic.
The analysis indicates that if macro volatility stabilizes at higher rates, the fair value for the S&P 500 would be around 4,320.
This is a contrast to the current fair value estimate of approximately 4,925, which assumes markets overlook the post-pandemic increase in real GDP and inflation... (continue reading...)
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