Author: Multibagger News

Title: Republican Backers of Trump Increase Attacks on Kamala Harris Amid Speculation of 2024 Presidential Election Investing.com — In the latest political developments, Republican supporters of former President Donald Trump are intensifying their criticism of U.S. Vice President Kamala Harris amidst growing rumors that she could potentially replace President Joe Biden as the Democratic nominee in the upcoming 2024 presidential race, as reported by Multibagger. Following Biden’s lackluster performance in a recent highly-anticipated debate with Trump, concerns have emerged within the Democratic party regarding his ability to carry on with his reelection campaign. While Biden has expressed his determination to…

Tel Aviv, Israel, July 4th, 2024, Chainwire Orbs, the leading Layer 3 blockchain, has just announced the exciting launch of its liquidity hub on Fenix Finance. This deployment is set to revolutionize the Blast DEX by deepening liquidity and enhancing capital efficiency for L2 users. Orbs Liquidity Hub is a game-changing layer that operates on top of the Fenix Finance DEX. By tapping into additional liquidity sources, it enables users to access the best pricing, reduce slippage, and maximize the value of every trade they make. This innovative solution by Orbs addresses the issue of fragmented DeFi liquidity while also…

RBC Capital Markets Raises Aritzia Inc (ATZ:CN) Price Target to C$46.00: Analysts Anticipate Growth in 2025 and 2026 In a recent update, RBC Capital Markets adjusted its outlook on Aritzia Inc (ATZ:CN) shares, increasing the price target to C$46.00 from the previous C$40.00. The firm maintained a Sector Perform rating on the fashion retailer’s stock. The revised forecast reflects expectations of resumed growth in fiscal years 2025 and 2026, with a projected 12% increase in net income in fiscal year 2026 compared to the peak in fiscal year 2023. Despite short-term disruptions in the first quarter, the analyst highlighted Aritzia’s…

Title: "Huawei’s Bold AI Strategy Amidst US Chip Restrictions: Innovation Over Dependency" Subtitle: "How Huawei Plans to Lead the AI Revolution Without Advanced US Chips" — BEIJING (Multibagger) – A senior executive at Chinese technology giant Huawei on Thursday emphasized that a shortage of the most advanced artificial intelligence (AI) chips will not deter China from its ambition of becoming a global leader in AI. Instead, he stressed that innovation is key to overcoming these challenges. Zhang Ping’an, CEO of Huawei Cloud, made these remarks amidst increasing US restrictions on the export of advanced AI chips to China, which includes…

ECB Confident in Inflation Despite Uncertainty: Analysis and Breakdown In a recent meeting, European Central Bank (ECB) policymakers expressed confidence in the future trajectory of inflation, despite some concerns and uncertainties. The ECB cut interest rates in June, but the timing of any further cuts remains uncertain as policymakers monitor price growth. Some members of the ECB were hesitant to cut interest rates further, citing concerns about the data available and the principle of data-dependence. However, the majority ultimately agreed with the rate cut, acknowledging the risks of higher inflation readings. Investors are anticipating further rate cuts over the coming…

Israeli Prime Minister Benjamin Netanyahu is set to convene his security cabinet to address the latest developments in the ongoing conflict with Hamas in Gaza. This comes as Hamas has responded to a ceasefire proposal put forward by U.S. President Joe Biden, which includes the release of hostages and a halt to hostilities in the region. According to a Palestinian official involved in the negotiations, Hamas has shown willingness to consider certain terms, paving the way for a potential agreement if Israel agrees. However, Israel has insisted on only temporary pauses in the fighting until Hamas is completely eliminated. The…

Silent Home Miner Unveiled by FoundationLogic at Mining Disrupt 2024: A Game-Changer for Cryptocurrency Enthusiasts FoundationLogic, the leading brand in DOGE and Litecoin mining machines, stole the show at Mining Disrupt 2024 with the launch of their innovative new product line. The ElphaPex DG Home 1, designed for silent home mining, promises a seamless and efficient experience with dual DOGE and LTC rewards. With water-cooling technology ensuring low-maintenance operation, this model is set to revolutionize the world of home mining. Boasting impressive specs like a hashrate of 2000M, power of 620W, and power efficiency of 0.31JM, the ElphaPex DG Home…

UBS Initiates Buy Rating on Mitra Adiperkasa Stock, Target Price IDR1,850.00 UBS, a leading investment firm, has just initiated coverage on Mitra Adiperkasa (MAPI:IJ) (OTC: PMDKF) stock, a top lifestyle retailer in the ASEAN region. With a Buy rating and a price target of IDR1,850.00, UBS is bullish on the company’s future prospects. Mitra Adiperkasa is well-known for its strong presence in the sportswear retail segment and its partnerships with global fashion brands. The company also holds majority stakes in MAP Aktif (MAPA.JK) and MAP Boga (MAPB.JK), which operate popular food and beverage brands in Indonesia. Despite facing challenges such…

Bitcoin Hits Two-Month Low Amid U.S. Election Uncertainty and Mt. Gox Sell-Off Rumors By Sameer Manekar (Multibagger) – Bitcoin has plummeted to a two-month low, extending a month-long downward trend, as uncertainty surrounding the U.S. presidential elections and reports of potential Bitcoin sell-offs from the defunct Tokyo-based crypto exchange, Mt. Gox, weigh heavily on the market. Key Highlights: Bitcoin’s Decline: Bitcoin dropped more than 2% to $57,843, marking its lowest point since May 2. The cryptocurrency has shed over 6% this week alone. Political Uncertainty: The recent U.S. presidential debate has intensified concerns, particularly with the possibility of Joe Biden…

German Industrial Orders Fall Unexpectedly in May, Adding to Signs of Economic Downturn In a surprising turn of events, German industrial orders experienced a fifth consecutive drop in May, indicating that the manufacturing sector in Europe’s largest economy may not see a recovery in the near future. According to the federal statistics office, orders were down by 1.6% on a seasonally and calendar-adjusted basis, contrary to analysts’ expectations of a 0.5% rise. Excluding large-scale orders, new orders fell by 2.2% in May compared to the previous month, with a three-month comparison showing a 6.2% decline. “The downward trend is still…