Fintech

Many quality businesses are getting caught up in the wave of stock sell-offs that is sweeping the market. Share prices of diversified industrial giant Caterpillar ( NYSE:CAT ) , Latin American e-commerce titan MercadoLibre ( NASDAQ:MELI ) , and fintech leader PayPal ( NASDAQ:PYPL ) and are all down in price by roughly 20% in the last six months. From their 52-week highs, PayPal and MercadoLibre are both down 40% or more. Here's why all three blue-chip stocks are worth buying on sale now. Image source: Getty Images. 1. Caterpillar: The value and income play Caterpillar sells its equipment through a dealership network. When dealer inventories are high, it means dealers either have too much inventory and not enough customer demand, or they are expecting a lot of demand, so they increase inventories. When inventories are low but perceived demand is high, that means customers are likely to order more equipment from Caterpillar. This second scenario seems to …

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Share to Twitter Share to Linkedin Trying to disrupt the United States healthcare industry is big business, at least for one company trying to do just that. Nomi Health, a startup that delivers health services directly to millions of Americans without going through third-party health insurance, announced today that it has raised $110 million in Series A funding. “Our Series A speaks to the scale of the challenge Nomi Health dared to undertake within a $3 trillion market,” said Mark Newman, founder and CEO of Nomi Health. “Nomi’s impact underscores that the people who built our broken system cannot fix it.” The company launched in 2019 and currently serves 30,000 people per day across 10 states. Local governments, universities, and businesses contract with Nomi to provide basic healthcare services, such as Covid-19 testing, vaccinations, and treatment, as well as other preventive screenings. The company brings mobile care units to jails, schools, public …

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Mr Yeung says demand for Tencent Cloud services has surged as organisations are pivoting towards digital transformation. The cloud service unit of international tech leader Tencent is sharpening its focus on facilitating businesses focused on expanding their reach to China and giving a boost to the consumer-to-business (C2B) segment while demand for its services has skyrocketed following the digital transformation trend. Tencent Cloud is one of the key players in the global cloud market, supported by more than 20 years of Tencent's experience and expertise in technology innovation in various fronts, such as games, audio and video technologies, social communications and fintech services. CHINA CONNECT SOLUTION "Tencent Cloud's business growth surged in 2020 and remains strong in 2021," Poshu Yeung, senior vice-president of Tencent Cloud International, told the Bangkok Post in an interview. "Our overseas business growth is an important strategic area for Tencent Cloud, and …

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