Author: Multibagger News

Congressman Gerald E. Connolly Makes Partial Stock Sales: What Investors Need to Know In a recent congressional trade report, Congressman Gerald E. Connolly, representing Virginia’s 11th district, made partial sales of stocks in three different companies through his TIAA Joint account. The transactions involved Dominion Energy Inc. Common Stock (NYSE:D), Leidos Holdings Inc. Common Stock (NYSE:LDOS), and Science Applications International Corporation – Common Stock (NYSE:SAIC). While these sales may raise questions about confidence in the companies, it’s important to remember that elected officials often manage their portfolios to avoid conflicts of interest. Investors should conduct their own research and consider…

Unleashing the AI Revolution: Analysts Predict 15% Upside for Nasdaq in 2024 Wedbush analysts are bullish on the tech sector, forecasting a further 15% upside for the Nasdaq in 2024. They see the current momentum as just the tip of the iceberg in an AI-driven tech bull market, with the “AI party” only at 9 pm. Nvidia and Microsoft are leading the charge in this “AI Revolution,” laying the groundwork for a wave of new applications and spending. Wedbush anticipates a massive $1 trillion wave of tech sector spending related to AI in the next 12-18 months. The analysts are…

NCR Voyix Explores $3 Billion Sale of Digital Banking Unit: What It Means for Investors By Milana Vinn and David French In a strategic move that could reshape the payments processing landscape, NCR Voyix (NYSE: VOYX) has enlisted Goldman Sachs to explore the sale of its digital banking business, aiming for a valuation as high as $3 billion. Here’s what investors need to know and how it could impact your portfolio. Key Players and Potential Buyers Based in Atlanta, Georgia, NCR Voyix is working with Goldman Sachs to attract interest from a range of potential buyers, including private equity firms…

U.S. Employment Growth Slows in June, Unemployment Rate Rises – What It Means for You By Lucia Mutikani In June, U.S. employment saw a solid increase, with government and healthcare services leading the way. However, about three-quarters of the job gains came from these sectors, while the unemployment rate rose to 4.1%, the highest in 2-1/2 years. This signals a labor market slowdown that is likely to prompt the Federal Reserve to cut interest rates soon. The latest employment report from the Labor Department also revealed that job creation in April and May was lower than previously estimated, indicating a…

Breaking News: President Biden Congratulates UK Prime Minister Starmer on Landslide Victory In a historic move, U.S. President Joe Biden reached out to congratulate newly elected British Prime Minister Keir Starmer after his Labour Party’s overwhelming victory in a parliamentary election. The White House released a statement highlighting the special relationship between the two nations and the importance of collaboration in promoting freedom and democracy worldwide. During the call, Biden expressed his eagerness to collaborate with Starmer on crucial issues such as supporting Ukraine in its conflict with Russia and upholding the Good Friday agreement. Additionally, they discussed plans to…

Binance Delists BTC Pairs: What Does This Mean for Your Investments? As the world’s best investment manager and financial market journalist, I bring you the latest news from the cryptocurrency industry. Binance, the largest exchange in terms of daily trading volume, has once again conducted a periodic purging of its system through specific token delistings. In its latest announcement, Binance revealed that it will halt support for several trading pairs, including DGB/BTC and TLM/BTC, starting from July 8. Token delisting is a common practice by Binance, aimed at maintaining market integrity and efficiency. Trading pairs are typically delisted when their…

On Friday, Singular Research adjusted its outlook on Adams Resources and Energy Inc. (NYSE:AE), reducing the stock price target to $38.75 from the previous $42.00, yet reaffirming a Buy rating on the stock. The revision reflects observations of notable progress in certain areas of the company’s operations, specifically within the oil segments. The company experienced encouraging developments in the latter half of the first quarter of 2024, where both volumes and margins in the oil segments demonstrated considerable enhancement. This performance has been a key factor in the current assessment of the company’s valuation and future prospects. Despite the lowered…

Breaking News: Bitcoin Plummets to Four-Month Low as Mt. Gox Repayments Shake Market In a surprising turn of events, the leading cryptocurrency Bitcoin saw a significant price correction on Friday, dropping to a four-month low of $53,500. This sudden decline was triggered by new developments in the crypto space, including repayments being made to creditors of the defunct exchange Mt. Gox. Additionally, German police moving $75 million of confiscated crypto onto exchanges and the Federal Reserve’s indication that interest rates will not be cut yet added to the pressure on the crypto asset. Despite the initial drop, Bitcoin later recovered…

"Reviving the Bureau of Mines: A Strategic Move for U.S. Mining Dominance Amidst Rising Global Competition" By Ernest Scheyder In a bold move to reshape the future of U.S. mining and secure its position amidst rising global competition, key mining trade groups are lobbying to revive and expand the long-dormant Bureau of Mines. This strategic initiative is aimed at streamlining the U.S. government’s regulation and support for critical minerals production, coinciding with the lead-up to the 2024 presidential election. The campaign, set to launch this month, aims to highlight the fragmented U.S. mining oversight compared to streamlined systems in countries…

The Ultimate Guide to Understanding the Latest Non-Farm Payroll Report for June – Expert Analysis and Insights! The most recent Non-Farm Payroll (NFP) report for June has just been released, and it has sent shockwaves through the financial markets. Analysts are scrambling to interpret the implications for the U.S. economy, and the results are mixed. Despite a better-than-expected 206,000 increase in June non-farm payrolls, the unemployment rate also rose to 4.1% from 4% previously. This has raised concerns about the strength of the job market and the overall health of the economy. Here’s a breakdown of what the top Wall…