Author: Multibagger News

By Peter Hobson and Alasdair Pal CANBERRA (Multibagger) -Pro Palestine protesters climbed the roof of Australia’s Parliament House in Canberra on Thursday and unfurled banners, one saying Palestine will be free, and accused Israel of war crimes, TV footage showed. Footage showed four people dressed in dark clothes on the roof of the building, unfurling black banners including one reading “from the river to the sea, Palestine will be free”, a common refrain of Pro Palestine protesters. One of the protesters began a speech using a megaphone accusing the Israeli government of war crimes, an accusation it rejects. “We will…

Hong Kong, China, July 4th, 2024, Chainwire Memeland, one of the largest and fastest growing Web3-focused venture studios, is proud to announce its significant presence as one of the Diamond Sponsors of the Memeland & Bybit Reception Party and the Platinum Sponsor of the official IVS Crypto 2024 Kyoto, held from July 4-6, 2024, at the Kyoto Pulse Plaza. As a Diamond Sponsor for the opening event and a Platinum Sponsor for the official IVS Crypto 2024 conference, Memeland is poised to make a substantial impact on Japan’s growing blockchain and cryptocurrency landscape. Memeland at IVS Crypto 2024 Kyoto Memeland’s…

Investing.com– The Japanese yen steadied near its weakest levels in 38 years on Thursday, with the currency’s latest decline and low liquidity during a U.S. market holiday sparking fresh speculation over government intervention.  The yen’s pair, which gauges the number of yen needed to buy one dollar, fell 0.1% to 161.50 by 20:04 ET (00:04 GMT). The pair had risen as far as 161.99 on Wednesday, before falling on some weakness in the dollar.  But the pair remained close to its highest level since 1986, as signs of weakness in the Japanese economy and waning expectations of more monetary tightening…

Investing.com – Netflix (NASDAQ:) co-founder Reed Hastings, known for his substantial contributions to the Democratic Party, has publicly urged President Biden to step down from the Democratic presidential ticket, according to the New York Times. This notable call to action marks Hastings as one of the first major Democratic donors to openly express sentiments that many have been discussing privately. Hastings, in an email to The New York Times, stated that he believes it’s time for a dynamic Democratic leader to step up, defeat Trump, and ensure the safety and prosperity of the nation. This public call for change signifies…

By Steve Holland and Nandita Bose WASHINGTON (Multibagger) – When a group of visiting political advisers sought to persuade then-Senator Joe Biden to run for president in 2004, his wife Jill sat poolside at their home, fuming. Finally, she took action. She drew the word “NO” in ink in large letters on her stomach and “marched through the room in my bikini,” she wrote. He decided against running that time around. The anecdote, laid out by Jill Biden in her 2019 autobiography, “Where the Light Enters: Building a Family, Discovering Myself,” makes plain that she hasn’t always liked the idea…

By Ankika Biswas, Lisa Pauline Mattackal and Saeed Azhar (Multibagger) -The and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September. The closed slightly lower, pressured by selling in healthcare and consumer stocks during a shortened trading session ahead of the Fourth of July. The market will stay closed on Thursday for U.S. Independence Day, keeping trading volumes thin throughout the week. Both the ADP Employment report and weekly jobless claims data pointed to easing labor market conditions ahead of Friday’s…

By Jamie McGeever (Multibagger) – A look at the day ahead in Asian markets. World and U.S. stocks at record highs, a UK general election and Japanese asset prices stretched to historical levels – there’s a lot for investors in Asia to chew over on Thursday even though liquidity will be thinned out by the July 4 U.S. holiday. Indeed, markets in Asia may be more vulnerable to higher volatility and outsized moves precisely because trading volumes will be much lighter than usual.  The global backdrop to the Asian open on Thursday, however, looks positive after stocks rose broadly on…

By Andrea Shalal WASHINGTON (Multibagger) -President Joe Biden awarded the Medal of Honor on Wednesday to two late U.S. Army privates who were part of a daring Union Army contingent that stole a Confederate train during the Civil War. The White House ceremony offered Biden a brief respite from the mounting criticism of some fellow Democrats after his shaky and halting performance in last week’s presidential debate against Republican former President Donald Trump. Philip Shadrach and George Wilson were honored posthumously during a White House ceremony that recognized their “gallantry and intrepidity” during what became known as the Great Locomotive…

Constellation Brands, Inc. (NYSE:), a leading beverage alcohol company, has reported a strong start to the fiscal year 2025, with the Beer division driving notable growth. The company’s enterprise net sales outperformed the overall consumer packaged goods sector by 4.5 percentage points. With a focus on disciplined capital allocation, Constellation Brands returned $185 million to shareholders through dividends and executed $200 million in share repurchases. Despite challenges in the wine category, the company is on track to meet its full-year guidance and aims for low double-digit comparable EPS growth.Key TakeawaysConstellation Brands’ Beer portfolio achieved high-single digit net sales growth.The company…

By Howard Schneider WASHINGTON (Multibagger) -Federal Reserve officials at their last meeting acknowledged the U.S. economy appeared to be slowing and that “price pressures were diminishing,” but still counseled a wait-and-see approach before committing to interest rate cuts, according to minutes of the June 11-12 session. The minutes, which were released on Wednesday, noted in particular a weak May reading in the consumer price index as one among “a number of developments in the product and labor markets” that supported a view that inflation was falling. But if the narrative around inflation pointed to faith that it was on the…