Author: Multibagger News

Argentina Real Estate Market: Cash is King as Mortgage Market Struggles to Revive In Argentina, President Javier Milei is looking to revitalize the country’s economy, but the real estate market remains stagnant. With less than 1% of GDP allocated to mortgages, buyers are forced to bring bags of cash to purchase homes, locking out most of the population. Despite new mortgage launches from local banks, high inflation rates and economic uncertainty continue to deter buyers from taking on long-term credit. Inflation, currently over 270% annually, remains a major concern for Argentines who prefer to keep their savings in dollars rather…

By Trevor Hunnicutt Breaking News: Kamala Harris Invites J.D. Vance, Trump’s Running Mate, to Join CBS Debate on Aug. 13 WASHINGTON (Multibagger) – In a surprising turn of events, U.S. Vice President Kamala Harris has extended an invitation to J.D. Vance, former President Donald Trump’s running mate, to participate in a high-stakes debate hosted by CBS on August 13, as confirmed by a senior Biden-Harris campaign official on Tuesday. Harris personally reached out to Vance via voicemail following his selection as Trump’s vice-presidential pick on Monday, setting the stage for what could be a pivotal moment in the upcoming election.…

The Rise of Mobile Phone Theft in 90s London: A Deep Dive into Criminal Tactics and Law Enforcement Measures As the demand for cellphones surged in the 1990s, so did the prevalence of phone thefts in London. Newsroom South East’s Jonathan Beale uncovered the alarming tactics used by criminals to steal and resell mobile phones, even targeting individuals in their cars. In this exclusive report, we delve into the strategies employed to combat phone theft in 90s London, shedding light on the efforts to crack down on these criminal activities. Watch the eye-opening video from Newsroom South East, 1994, to…

Title: Unveiling the Biggest Data Breaches of 2024: Impact, Fallout, and Prevention Strategies As the world’s best investment manager and financial market journalist, I bring you a comprehensive analysis of the most damaging data breaches of 2024. From AT&T’s massive data breaches affecting millions of customers to Change Healthcare’s hack exposing sensitive medical data on a substantial proportion of Americans, the cybercrime landscape is evolving rapidly. AT&T confirmed two separate data breaches, with cybercriminals stealing phone numbers and call records of nearly all its customers. The stolen data, obtained from an account with data giant Snowflake, poses serious privacy risks.…

TD Cowen Downgrades American Airlines Stock Amid Revenue and Earnings Concerns On Tuesday, TD Cowen downgraded American Airlines (NASDAQ:AAL) from Buy to Hold, setting a new price target of $10, down from the previous $16. The revision comes as the airline faces challenges with its aggressive discounting strategies, which could impact its revenue and earnings in the second half of 2024. The analyst highlighted the potential negative effects of the discounting on the airline’s revenue per available seat mile (RASM) and earnings per share (EPS) estimates. They also raised concerns about American Airlines’ ability to generate free cash flow (FCF)…

Title: U.S. Crude Oil Futures Slip as API Reports Mixed Inventory Data – What Investors Need to Know As the world’s best investment manager and financial market journalist, it’s crucial to stay on top of the latest developments in the oil market. In post-settlement trading on Tuesday, U.S. crude oil futures took a hit as the American Petroleum Institute (API) released mixed inventory data. While domestic weekly crude stocks fell, gasoline stocks unexpectedly increased, creating uncertainty around the demand outlook. The U.S. benchmark traded at $79.76 a barrel following the report, after settling 1.4% lower at $80.76 a barrel. Crude…

After-Hours Market Movers: Key Stocks React to Leadership Changes and Quarterly Earnings Five Below (NASDAQ: FIVE) Sinks 9% Following CEO Resignation and Weak Comparable Sales Retailer Five Below saw a significant 9% decline after announcing the resignation of President and CEO Joel Anderson. The company also reported a 5% decrease in comparable sales quarter-to-date and issued a downward revision to its second-quarter guidance. Dollar General (NYSE: DG) Trades Lower in Sympathy In a related move, Dollar General shares also experienced a decline, reflecting the broader market sentiment affecting discount retailers. Wag! Group (NASDAQ: PET) Drops 14% Amid Public Offering Announcement…

Brazil Government Suggests Central Bank Cover Rural Insurance Costs, Potential $2.21 Billion Savings By Marcela Ayres Brazil’s government has proposed that the central bank take on the expenses of a rural insurance program, sources revealed on Tuesday. This move could lead to significant savings of 12 billion reais ($2.21 billion) for the Treasury, according to estimates by the central bank. The program, known as Proagro, is currently managed by the central bank but funded by the federal government. The suggestion has raised concerns about a potential delay in a committee vote on a constitutional amendment that would exclude the central…

Top CIA and NSC Official Indicted for Unregistered Agent Work for South Korea By Jonathan Stempel In a shocking turn of events, a former CIA and White House National Security Council (NSC) specialist has been charged with acting as an unregistered agent of the South Korean government in exchange for lavish gifts and benefits. The indictment revealed that Sue Mi Terry promoted South Korean policy positions, shared confidential U.S. government information with South Korean intelligence officers, and facilitated connections between South Korean and U.S. officials. In return, she received luxury items such as Bottega Veneta and Louis Vuitton handbags, dinners…

Title: World’s Top Investment Manager Reveals How AI is Revolutionizing Olympic Athletes’ Online Safety In a groundbreaking move, the Olympics have implemented AI technology to combat the rising tide of online abuse directed at athletes. This innovative approach marks a turning point in the fight against cyberbullying and harassment in the sports world. The use of AI in this capacity represents a significant step forward in protecting the mental health and well-being of athletes, who often face intense scrutiny and criticism on social media platforms. By leveraging machine learning algorithms, the Olympics are able to identify and remove harmful content…