Author: Multibagger News

Epic Games vs. Apple: The Battle for Control of the iOS App Ecosystem Intensifies in Europe In a dramatic escalation of their ongoing conflict, "Fortnite" creator Epic Games has accused Apple (NASDAQ: AAPL) of obstructing its efforts to launch the Epic Games Store on iPhones and iPads in Europe. This latest clash underscores the intensifying battle over control of the iOS app ecosystem, as Epic Games claims that Apple is unfairly rejecting its app store submission. Key Points of Contention: Apple’s Rejection: Epic Games reported that Apple has twice rejected the necessary documentation for launching the Epic Games Store. The…

EU Tariffs on Chinese EVs: Impact on Car Manufacturers and Consumers As the European Union’s additional duties on Chinese electric vehicles (EVs) come into effect, carmakers are faced with the decision of whether to raise prices or explore other options. Tesla is the first to announce price increases, while brands like MG and NIO are considering similar moves later this year in Europe. Analysts predict that manufacturers producing in China will likely pass on some of the extra costs to consumers. The provisional tariffs, set to become definite in November, have sparked responses from various carmakers: BYD: The Chinese carmaker…

Read on to learn about the destructive impact of Hurricane Beryl on the Caribbean islands and how climate change is leading to more frequent and severe storms. Stay informed about the potential financial implications of these natural disasters. GENEVA (Multibagger) – Hurricane Beryl caused devastating damage in several Caribbean islands, the International Federation of Red Cross and Red Crescent Societies (IFRC) said on Friday as the Category 3 storm churned towards Mexico’s Yucatan Peninsula. Storms of a similar magnitude to the unusually fierce early season hurricane are expected to become more common due to the effects of climate change, said…

As the price of Bitcoin dropped over 10% since July 3rd, hitting a low of $53,600 before bouncing back slightly, related stocks in the cryptocurrency market also saw a decline on Friday morning. Microstrategy, Inc. (NASDAQ:) Coinbase (NASDAQ:) Marathon Digital Holdings (NASDAQ:) Riot Platforms (NASDAQ:) Cipher Mining (NASDAQ:) Iris Energy (IREN) Hut 8 Mining Corp (HUT) Bitfarms (BITF) Core Scientific (CORZ) Analysis: The recent dip in Bitcoin price has affected the overall cryptocurrency market, leading to a decline in related stocks as well. Investors should closely monitor the situation and consider their investment strategies accordingly. It is important to stay…

Breaking News: Bitdeer Technologies Group (BTDR) Receives Price Target Upgrade to $15.00 Amid Expansion Plans Cantor Fitzgerald has raised its price target for Bitdeer Technologies Group (NASDAQ:BTDR) to $15.00 from $13.00, maintaining an Overweight rating. The update comes after Bitdeer’s June operations report, showing a slight decrease in mining output but significant growth in self-mining hash rate. Bitdeer has signed a 30-year lease for 570 MW in Ohio, boosting its contracted power capacity to 2.5 GW, making it the leader in the industry. The company is set to add 1.65 GW of power capacity by 2026, expanding in Ohio, Bhutan,…

Title: U.S. Stock Futures Rise as Investors Await June Nonfarm Payrolls Report | Samsung Electronics Expects 15-Fold Jump in Income Investing.com — U.S. stock futures are on the rise as investors eagerly anticipate the release of the June nonfarm payrolls report. This report is expected to show a potential easing in labor demand, which could lead to hopes for Federal Reserve interest rate cuts later this year. Additionally, Samsung Electronics is forecasting a significant 15-fold increase in income for the second quarter, thanks to the surging demand for artificial intelligence. Analysis: – U.S. stock futures have advanced, signaling positive anticipation…

Investment Manager’s Insider: ADNOC Allocates 40% Stake in Ruwais LNG Project to Shell, TotalEnergies, BP, and Mitsui In a groundbreaking move, ADNOC has decided to share a significant stake in its Ruwais LNG project with energy giants Shell, TotalEnergies, BP, and Mitsui. This strategic partnership will not only boost UAE’s LNG output but also shape the future of the global energy market. The four companies are set to each receive a 10% stake in the project, which is projected to increase UAE’s LNG production to 9.6 million metric tons per annum by late 2028. Additionally, ADNOC plans to assign a…

Aixtron SE Surpasses Q2 Order Expectations Despite Downgraded Annual Forecast: Why Jefferies Remains Bullish Investing.com – Renowned German semiconductor equipment supplier, Aixtron SE (ETR:), reported a substantial order intake for Q2 2024, exceeding consensus estimates. However, the company revised its annual forecast downward, a move that Jefferies analysts welcomed, maintaining their optimism about the stock. Key Insights from Aixtron’s Q2 Performance: Impressive Order Intake: Aixtron’s Q2 2024 order intake hit €176 million, surpassing the consensus estimate of €148 million by 19%. Silicon carbide (SiC) products drove the majority of this demand, contributing to 58% of the total. Revised Annual Forecast:…

The Impact of the U.S. Presidential Election on Bond Yields: What Investors Need to Know – Davide Barbuscia As the U.S. presidential election draws nearer, bond investors are recalibrating their strategies, leading to higher yields in the market. President Joe Biden’s recent debate performance against Donald Trump has sparked speculation of a second Trump win, causing the benchmark 10-year yield to rise by six points to 4.34%. Investors are anticipating higher inflation under Trump due to his trade and economic policies, including higher tariffs and increased government spending. This has led to concerns about widening fiscal deficits and rising debt…

By Steve Holland and Jeff MasonPresident Joe Biden is set to participate in a crucial television interview as he works to address concerns about his mental acuity following a shaky debate performance. The interview, to be conducted by ABC News during a visit to Madison, Wisconsin, will be closely watched to gauge Biden’s ability to continue his campaign against Republican candidate Donald Trump.Despite facing pressure from donors and political allies to step aside, Biden remains determined to stay in the race. Some Democrats are calling for him to withdraw, but Biden is pushing forward with a series of events aimed…