Author: Multibagger News

By Helen Coster This week’s Republican National Convention, overshadowed by an assassination attempt on Donald Trump, will feature televised speeches from business leaders, celebrities, officials and everyday Americans culminating with the former president’s formal acceptance of his nomination for president. The four-day event in Milwaukee, Wisconsin, begins on Monday. Nightly themes include crime, the economy and global conflicts, all issues driving the run-up to Trump’s Nov. 5 election rematch with President Joe Biden, his Democratic rival. Top Speakers Expected to Steal the Show David Sacks: Entrepreneur and investor David Sacks, a close friend of Elon Musk, is part of a…

Title: Market Outlook for the Week Ahead: Trump Speech, Fed Chair Powell Interview, Earnings Reports, ECB Interest Rate Decision, and Economic Data Releases As the world’s best investment manager, financial market’s journalist, and SEO mastermind, I bring you a comprehensive overview of what to expect in the markets for the upcoming week. 1. Donald Trump Speech at GOP Convention: Former President Donald Trump survived an attempted assassination during a campaign rally in Butler, Pennsylvania. Despite the incident, Trump will be speaking at the Republican National Convention and could address the public for the first time since the attack. 2. Fed…

Wells Fargo’s Q2 2024 Earnings: Strategic Moves, Financial Growth, and Future Outlook Wells Fargo & Company (WFC) has released its financial results for the second quarter of 2024, showcasing both strengths and areas for improvement as the bank continues its transformation journey. CEO Charlie Scharf highlighted significant growth in fee-based revenue and strategic enhancements within the credit card and corporate investment banking sectors. Key Financial Highlights and Strategic Insights Fee-Based Revenue Growth: The bank experienced a significant uptick in fee-based revenue, driven by strong performance in investment advisory, trading activities, and investment banking. Dividend Increase: Wells Fargo announced a 14%…

Get ready for an eventful week in the financial markets with these key highlights: 1. Donald Trump speech at GOP convention Former President Donald Trump survives an assassination attempt at a campaign rally in Butler, Pennsylvania. Trump is set to speak at the Republican National Convention in Milwaukee, where he will be officially nominated for the US election. 2. Fed Chair Powell speaks Fed Chairman Jerome Powell discusses inflation and the central bank’s dual mandate at the Economic Club of Washington DC. Powell expresses cautious optimism about inflation trends, but emphasizes the need for sustainability towards the 2% target. 3.…

Donald Trump to Receive 2024 Republican Nomination Despite Assassination Attempt: What You Need to Know By Nathan Layne Donald Trump will officially receive his party’s nomination for president at the Republican National Convention in Milwaukee, following an assassination attempt that left him unharmed. The convention will showcase rising Republican stars and highlight key party stances on various issues. Here’s a breakdown of what you need to know: HOW DOES THE CONVENTION WORK? The event will take place from July 15-18 at the Fiserv Forum arena in Milwaukee, with delegates from all states officially selecting nominees for president and vice president.…

Goldman Sachs Analysts Identify Key Measure for Assessing Longevity of AI Trade Goldman Sachs analysts have pinpointed a crucial metric for evaluating the sustainability of the AI trade: sales revisions. In a recent report released on Wednesday, they highlighted the significant growth of the AI sector, especially in its infrastructure phase, while also acknowledging lingering doubts about its long-term profitability. The report delineates four distinct phases of the AI trade, with Phase 2 standing out as the most robust performer. This phase encompasses companies involved in AI infrastructure, such as semiconductor firms and cloud providers, which have shown exceptional performance.…

Weekly AI Stock Analysis: Expert Insights on Tesla, Apple, SMCI, Microsoft, and Leading Chipmakers Upgrade Your Market Knowledge with InvestingPro for Exclusive AI Analyst Insights! UBS Downgrades Tesla (NASDAQ: TSLA) to Sell Amid Valuation Concerns and High AI Costs Key Points: Downgrade: Tesla downgraded from Neutral to Sell by UBS. Price Target: Raised from $147 to $197. Reason: High AI costs, valuation reassessment, and declining expectations for Tesla’s core auto business. Valuation Insight: Current stock price implies a future growth value of over $500 billion. Future Projection: Tesla needs to reach a $1 trillion valuation in five years to justify…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind U.S. President Joe Biden’s reelection campaign is forced to pivot its strategy after an assassination attempt on Republican rival Donald Trump in Pennsylvania. The campaign has decided to halt attacks on Trump temporarily and focus on condemning political violence instead. After the shooting, Biden’s team swiftly removed ads and paused communications that targeted Trump. The President plans to emphasize his disapproval of all forms of violence, including recent protests over the Israel-Gaza conflict. This shift comes as some Democrats urge Biden to step aside and let another candidate…

Bitcoin Whales Unleash Crazy $4.26 Billion Shopping Spree – U.Today The latest data from IntoTheBlock reveals that Bitcoin whales have made a significant move in the market by increasing their holdings by a whopping 71,000 BTC this week. This surge in accumulation comes as a surprise to many, especially considering the recent dip in BTC prices. The Large Holders Netflow metric, which monitors the activities of investors holding more than 0.1% of the total Bitcoin supply, shows a substantial increase in holdings. This accumulation amounts to over 70,000 BTC, equivalent to a staggering $4.3 billion, all acquired during a period…

The Impact of a Potential Trump 2.0 Administration on Immigration Policies In the world of finance and politics, the potential for a Trump 2.0 administration brings with it the promise of doubling down on stringent immigration policies. Evercore ISI, a renowned financial institution, highlights that immigration, along with taxes and trade, is a pivotal macro-policy driver under Trump’s leadership. If Trump secures a victory, immediate actions to curb immigration can be expected. Evercore ISI analysts predict that a Trump 2.0 Administration would swiftly limit inflows via asylum and parole, while also withdrawing protected statuses from up to 5 million individuals.…