Author: Multibagger News

By The Best Investment Manager, Financial Market’s Expert, and SEO Mastermind In a recent interview with CNN, Democratic U.S. Senator Michael Bennet from Colorado expressed doubts about Democratic U.S. President Joe Biden’s chances against former Republican President Donald Trump in the November 2024 elections. According to Bennet, “Donald Trump is on track I think to win this election, and maybe win it by a landslide and take with it the Senate and the House.” While Bennet did not explicitly call on Biden to step aside as the presidential candidate, he did suggest that it is something for the president to…

Shane Crehan Sells Zoom Video Communications Stock: What Investors Need to Know Shane Crehan, the Chief Accounting Officer of Zoom Video Communications Inc. (NASDAQ:ZM), has recently sold a significant portion of his company stock. The transactions, which occurred on July 8 and July 9, 2024, involved the sale of 4,860 shares for over $280,000. On July 8, Crehan sold 2,493 shares at an average price of $58.26 per share, totaling $145,242. The following day, he sold an additional 2,367 shares at an average price of $57.15 per share, amounting to $135,274. These sales were part of a pre-arranged trading plan…

China Surges Ahead in Generative AI Adoption: What This Means for Your Finances By Eduardo Baptista BEIJING (Multibagger) – China is leading the charge in the global adoption of generative AI, according to a new survey, marking a significant milestone in the field of artificial intelligence. This development follows the international buzz generated by U.S.-based OpenAI’s ChatGPT in late 2022. Key Findings from the Survey A comprehensive survey conducted by U.S. AI and analytics software company SAS and Coleman Parkes Research included 1,600 decision-makers across various industries worldwide. The results are telling: 83% of Chinese respondents reported using generative AI,…

China Consumer Inflation Shrinks in June, Producer Inflation Contracts for 20th Consecutive Month As the world’s best investment manager and financial market journalist, I bring you the latest update on Chinese inflation trends. Consumer inflation in China grew by 0.2% year-on-year in June, falling short of expectations and contracting from the previous month. This indicates a deflationary trend in China due to limited consumer spending amid economic uncertainties. On the other hand, producer price index inflation improved slightly, shrinking by 0.8% in June compared to the prior month. This signals some positive developments in the manufacturing sector, supported by government…

Breaking News: Sitime Corp (NASDAQ:SITM) Executive Sells Over $887,000 Worth of Stock – What It Means for Investors Sitime Corp, a leading semiconductor company, recently witnessed a significant stock transaction as one of its top executives, Piyush B. Sevalia, sold 6,331 shares of the company’s common stock. The transaction, which occurred on July 8, 2024, amounted to over $887,000, with the selling price averaging $140.20 per share. Investors closely monitoring insider transactions may find this sale noteworthy, as it signifies a substantial amount of stock changing hands from a key member of Sitime’s executive team. The shares were sold within…

By Georgina McCartney Oil prices bounced back on Wednesday after a three-day decline, fueled by a report showing a decrease in crude and fuel stockpiles last week, indicating steady demand. Additionally, the outlook for interest rate cuts improved. Brent futures climbed 21 cents to $84.87 a barrel, following a 1.3% drop in the previous session. U.S. West Texas Intermediate (WTI) crude also rose by 26 cents to $81.67 a barrel, after falling 1.1% in the previous session. The recent decline in oil prices was driven by concerns over weakening global oil demand and the impact of Hurricane Beryl on the…

Breaking News: Kokusai Electric Shares Plummet 9% as KKR Reduces Stake Amid AI Boom – What You Need to Know By Sam Nussey TOKYO (Multibagger) – In a surprising turn of events, Kokusai Electric’s shares took a nosedive, falling by 9% during early Tokyo trading on Wednesday. This drastic drop comes in the wake of a Multibagger report revealing that private equity giant KKR is planning to significantly reduce its stake in the Japanese chip equipment manufacturer. KKR’s Strategic Exit KKR intends to offload approximately half of its 43% ownership in Kokusai, opting to cash in after a spectacular run…

The Best Investment Manager’s Guide to Federal Reserve Chair Powell’s Impact on Currency Markets By Kevin Buckland TOKYO (Multibagger) – Discover how the dollar rebounded from a three-week low after Federal Reserve Chair Jerome Powell’s cautious comments on interest rate cuts, and how this could affect your investments. Find out what signals the New Zealand dollar’s rate decision could send, and how traders are preparing for potential policy easing. In his testimony to Congress, Powell emphasized the importance of inflation hitting the 2% target before a rate cut, while acknowledging risks in the job market. Stay informed on the latest…

Ukrainian President Urges Immediate Action from U.S. Leaders Against Russian Invasion – Expert Analysis WASHINGTON (Multibagger) – Ukrainian President Volodymyr Zelenskiy urged U.S. political leaders in Washington on Tuesday not to wait for the outcome of America’s November presidential election to move forcefully to aid his country against Russia’s invasion. “Everyone is waiting for November. Americans are waiting for November, in Europe, Middle East, in the Pacific, the whole world is looking towards November and, truly speaking, (Russian President Vladimir) Putin awaits November too,” Zelenskiy said, speaking at the Ronald Reagan Institute on the eve of the NATO summit. “It…

Abdiel Capital Advisors LP Makes Major Purchases of Appian Corp Stock Worth Nearly $19 Million Abdiel Capital Advisors LP and its affiliated entities have recently acquired a significant amount of Appian Corp (NASDAQ:APPN) stock, as revealed in recent SEC filings. The investment group, known for holding over ten percent of the software company’s shares, made additional purchases totaling approximately $18.9 million. The transactions took place over several days in early July, with the first set of purchases amounting to $14.7 million at a fixed price of $30.94 per share. Subsequent acquisitions were made at varying prices between $31.32 and $31.48,…