Author: Multibagger News

As the world’s top investment manager and financial market journalist, I bring you the latest insights into the oil market. Oil prices in Asian trade have seen a slight increase due to a larger-than-expected draw in U.S. inventories, despite a build in distillate stockpiles dampening optimism. Crude prices have been volatile this week, with speculation of a potential ceasefire in the Middle East affecting risk premiums. Reports of a ceasefire between Israel and Hamas have had a mixed impact on oil prices, with recent data suggesting that a resolution is still far off. Furthermore, the impact of tropical storm Beryl…

Ping An Insurance Eyes Up to $5 Billion Convertible Bond: What Investors Need to Know By Scott Murdoch (Multibagger) – China’s financial giant, Ping An Insurance, is poised to issue a convertible bond worth up to $5 billion, according to two sources with direct knowledge of the matter. Here’s a breakdown of what this means for investors and the broader financial market. Key Points: Convertible Bond Issuance: Ping An is considering issuing a convertible bond, potentially raising between $2 billion and $5 billion. Timeline: The deal is expected to materialize in the next few weeks. Regulatory Approval: Ping An has…

Japan’s Wholesale Inflation Accelerates in June, Fueling Expectations for Interest Rate Hike – Expert Analysis By Leika Kihara TOKYO (Multibagger) – Japan’s wholesale inflation accelerated in June as the yen’s declines pushed up the cost of raw material imports, data showed on Wednesday, keeping alive market expectations for a near-term interest rate hike by the central bank. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.9% in June from a year earlier, Bank of Japan data showed, matching a median market forecast and accelerating from the previous month’s…

North Korea’s Arms Trade with Russia: A Threat to Global Peace, Says South Korean President Yoon Suk Yeol In a recent statement, South Korean President Yoon Suk Yeol emphasized the threat posed by North Korea’s arms trade with Russia to global peace. Yoon highlighted the importance of strong alliances among liberal democracies in safeguarding freedom from “reckless elements”. During his visit to Hawaii, Yoon discussed the significance of the combined defence posture of U.S. and South Korean forces with Admiral Samuel Paparo, the commander of U.S. Indo-Pacific Command. Yoon stressed that North Korea’s actions not only endanger peace on the…

The Ultimate Guide to Flipster: Cryptocurrency Derivatives Trading Platform Celebrates 1st Anniversary with 150,000 USDT Prize Giveaway As the world’s best investment manager and financial market journalist, I am thrilled to announce Flipster’s 1st anniversary celebrations with the launch of two competitions and a massive giveaway of 150,000 USDT worth of prizes. This cryptocurrency derivatives trading platform has seen exponential growth in trading volume by 1,943% and net assets by 3,998%, along with a 190% increase in sign-ups and a 565% growth in active traders across 177 countries. Flipster offers over 250 perpetual futures listings with leverage of up to…

Insider Transaction Alert: Delek US Holdings, Inc. CFO Sells Shares Worth $17,662.50 – What Does This Mean for Investors? Delek US Holdings, Inc. CFO Reuven Spiegel recently completed a stock transaction, selling 750 shares of the company’s common stock at a price of $23.55 per share. The transaction, executed on July 8, 2024, was reported in an SEC filing the following day and was conducted under a pre-arranged 10b5-1 trading plan. Following the sale, Spiegel retains ownership of 49,706 shares in Delek US Holdings, a petroleum refining company based in Brentwood, Tennessee. Insider transactions like these can offer insights into…

U.S. Stock Futures Steady as Rate Cut Optimism Fuels Wall Street to Record Highs Federal Reserve Chair Powell’s Testimony and Its Implications for Investors Investing.com—In a tightly ranged evening session on Tuesday, U.S. stock futures held steady, buoyed by growing optimism over potential interest rate cuts. This sentiment helped Wall Street achieve record highs, albeit at a slower pace than before. Jerome Powell’s Testimony: Key Takeaways for Investors Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee highlighted several critical points. While Powell did not explicitly indicate a forthcoming rate cut, markets maintained their expectations for a September…

By David Lawder and Andrea Shalal WASHINGTON (Multibagger) – Treasury Secretary Janet Yellen stated on Tuesday that rent and housing costs are contributing to higher U.S. inflation levels but reassured that consumer price pressures are expected to decrease over time. Yellen highlighted that factors such as supply chain issues and labor market tightness have eased, which will help drive down inflation. During a hearing with the U.S. House of Representatives Financial Services Committee, Yellen mentioned, “Rents and housing costs continue to keep inflation higher than desired, but I believe that it will gradually come down over time.” Lael Brainard, chair…

Robinhood CEO Vladimir Tenev Sells $5.62 Million Worth of Stock: What Does It Mean for Investors? In a recent transaction, Robinhood Markets, Inc. (NASDAQ: HOOD) CEO Vladimir Tenev sold 250,000 shares of Class A Common Stock for a total of approximately $5.62 million. This sale was executed under a pre-arranged 10b5-1 trading plan to avoid accusations of insider trading. Tenev also converted an equal amount of Class B Common Stock to Class A Common Stock, which was immediately disposed of. Following the sale, Tenev’s direct ownership in Robinhood has decreased to zero shares of Class A Common Stock, but he…

Breaking News: Nasdaq and S&P 500 Hit Record Highs as Nvidia Leads the Charge In a historic turn of events, the Nasdaq and S&P 500 have achieved record-high closes, thanks to a surge in Nvidia’s stock following comments from Federal Reserve Chair Jerome Powell. Powell’s remarks signaled that more positive economic data could pave the way for rate cuts, boosting investor confidence. Nvidia, a leading AI chipmaker, saw a 2.5% increase in its stock price, offsetting declines in other chip stocks. Meanwhile, Microsoft dipped 1.4%, and Tesla added 3.7%, contributing to the overall market momentum. Powell’s testimony before Congress highlighted…