Author: Multibagger News

UK Stocks Surge Following Labour Party Victory: What Investors Need to Know By Purvi Agarwal and Pranav Kashyap (Multibagger) – Britain’s domestically-focused stocks experienced their most impressive week in over five months on Friday. This surge comes after the Labour Party’s sweeping election win, which has uplifted investor sentiment with expectations of a bolstered UK economy. Key Highlights: Mid-Cap FTSE 250 Index: Climbed 0.9%, approaching the significant 21,000 mark. It also achieved its highest level in more than two years and recorded the best week since January 22. FTSE 100: Experienced a slight dip of 0.5%, despite having its strongest…

Argentina’s Beef Consumption Hits Record Low Amid Economic Slump In a recent market report published on Friday, it was revealed that beef-loving Argentines are cutting back on their steaks as the country’s economy continues to struggle. The Rosario exchange, known for its market updates on grains and livestock, stated that Argentina’s beef consumption in 2024 is expected to reach a record low of 44.8 kg (98.77 lb), the lowest since record-keeping began in 1914. This is significantly lower than the historic average of nearly 73 kg. The economic challenges faced by Argentina, including triple-digit inflation, recession, rising poverty, and unemployment,…

Breaking News: President Biden Cancels Speech at NEA Convention Due to Strike Threat In a surprising turn of events, President Joe Biden will no longer be speaking at the largest U.S. teacher’s union gathering this weekend. The White House confirmed this decision after the union’s staff announced a strike. The National Education Association Staff Union has called for a strike on Friday, urging supporters to join them on a picket line outside the NEA’s convention in Philadelphia. The union cited unfair labor practices, including overtime nonpayment and unanswered information requests, as reasons for the strike. Despite being a strong supporter…

Breaking News: Former Mt. Gox CEO Speaks Out on 141,686 Bitcoin Refund – Market Reacts In a major development, Mark Karpeles, the former CEO of Mt. Gox, has finally broken his silence on the start of a 141,686 BTC refund from the bankrupt exchange. On July 5, 2024, Mt. Gox initiated a significant transfer of 47,229 BTC, worth $2.71 billion, as reported by Arkham Intelligence. This movement of funds to various wallets has caused fear and uncertainty in the crypto community. Karpeles expressed relief that customers are now receiving their funds after more than a decade of uncertainty. The infamous…

The Ultimate Insider’s Guide to Curtiss Wright Corp (NYSE:CW) – CEO Lynn M Bamford’s Recent Stock Purchase Signals Potential Growth and Market Undervaluation Discover the latest insider transaction by Curtiss Wright’s Chair and CEO Lynn M Bamford, who recently acquired company shares valued at approximately $10,235. The purchase, executed on July 3, 2024, at a price of $232.62 per share, indicates Bamford’s confidence in the company’s future performance. With a total of 35,817 shares now directly owned by Bamford, this move might be seen as a positive signal to the market, hinting at potential growth or undervaluation of Curtiss Wright’s…

New Street Research Downgrades Nvidia Stock to Neutral – What Does This Mean for Investors? In a recent note released on Friday, New Street Research analysts have downgraded Nvidia (NASDAQ:) stock to Neutral from Buy. This news has caused the AI chipmaker’s shares to fall slightly ahead of the market open. According to the independent research firm, consensus expectations suggest that GPU revenues will increase by 35% in 2025, aligning with their previous forecast. However, they see limited further upside based on feedback from the value chain. As a result, they have downgraded the stock to Neutral, citing the need…

Novo Nordisk Faces Regulatory Reprimand for Undisclosed £7.8 Million Payments in the UK Novo Nordisk Faces Regulatory Reprimand for Undisclosed £7.8 Million Payments in the UK What Happened? Danish pharmaceutical giant Novo Nordisk (NYSE: NVO) has come under fire from UK regulators for not disclosing payments amounting to approximately £7.8 million ($9.97 million) between 2020 and 2022. The UK industry watchdog, Prescription Medicines Code of Practice Authority (PMCPA), issued the reprimand following Novo’s own voluntary admission about these payments. The Details Novo Nordisk self-reported that it had discovered historical payments that were not properly disclosed. These payments, which involved over…

By Ann Saphir Recent data from the Labor Department has shown a cooling in the labor market, with the unemployment rate rising to 4.1% in June. This could give Federal Reserve policymakers more confidence in their fight against inflation, potentially leading to a discussion on interest-rate cuts at their next meeting in late July. The average monthly payroll gain over the past three months has decreased to 177,000, below the 200,000 mark estimated by Fed Governor Lisa Cook. Additionally, average hourly earnings were up 3.9% from a year earlier, signaling a slowdown in price pressures. While the Fed is not…

By Steve Keating (Multibagger) – In a shocking turn of events, World Aquatics executive director Brent Nowicki has been subpoenaed by the U.S. government to testify in an investigation into how 23 Chinese swimmers managed to avoid punishment after testing positive for banned drugs just weeks before the Tokyo Olympics. A U.S. House of Representatives committee has called on the Department of Justice (DOJ) to look into the doping scandal that has sent shockwaves through the sports world, especially with the Paris Olympics on the horizon. The World Anti-Doping Agency (WADA) has faced mounting criticism for its handling of the…

GoMining Token to be Listed on HTX Crypto Exchange – Exciting News for Investors! As the world’s best investment manager and financial market journalist, I am thrilled to bring you the latest news from the crypto world. GoMining, a premier mining operator, is redefining the industry with its innovative NFTs backed by a real share of BTC hashrate. And the best part? The GOMINING token is now set to be listed on the HTX crypto exchange. This collaboration between GoMining and HTX will provide investors with a reliable and convenient way to purchase GOMINING, adding liquidity to this utility token.…