Author: Multibagger News

Breaking News: Nasdaq and S&P 500 Surge to Record Highs on Wall Street Heavyweights’ Gains As the world’s best investment manager, I am thrilled to report that the Nasdaq and S&P 500 have hit record highs, driven by impressive gains in Nvidia and other Wall Street heavyweights. This surge comes ahead of crucial inflation data and quarterly earnings reports scheduled for this week. It’s worth noting that this marks the fifth consecutive day of intraday record highs for both the S&P 500 and the Nasdaq. The S&P 500 crossed the 5,600 mark for the first time, fueled by growing expectations…

The U.S. Treasury’s Top Economic Diplomat Warns of China’s Excess Industrial Capacity Threatening U.S. Jobs Expert analysis by renowned financial journalist David Lawder reveals that the U.S. may need to implement innovative measures beyond tariffs to combat China’s overcapacity issues. Jay Shambaugh, Treasury Undersecretary for International Affairs, emphasized the urgent need for creative solutions to protect American industries and workers. Shambaugh highlighted the disconnect between China’s production and global demand, leading to an influx of exports that pose a threat to jobs in the U.S. and other countries. He suggested that traditional trade defense measures may not be sufficient in…

Apple Inc. Sets Ambitious Target to Ship 90 Million iPhone 16 Units in Late 2024: What This Means for Investors Introduction: In a bold move, Apple Inc. (NASDAQ: AAPL) is gearing up to ship at least 90 million units of its much-anticipated iPhone 16 in the latter half of 2024. This strategy aims to capitalize on the growing demand for AI-enhanced smartphones, despite a turbulent 2023. Key Highlights: Increased Shipment Targets: Apple aims for a 10% increase in new iPhone shipments, targeting 90 million units of the iPhone 16 compared to the 81 million iPhone 15s shipped in 2023. AI…

Alphabet Abandons Plans to Acquire HubSpot, Shares Plummet In a shocking turn of events, Google-parent Alphabet has decided to pull out of the deal to acquire online marketing software company HubSpot. This news, reported by Bloomberg News, has sent HubSpot shares tumbling by nearly 12% in afternoon trading, while Alphabet shares have seen a modest 1.2% increase. Earlier in April, Multibagger had hinted at Alphabet’s interest in HubSpot, with sources suggesting that talks were underway. However, it seems that the two companies were unable to progress to detailed discussions around due diligence. Both Google and HubSpot have remained tight-lipped about…

The Shocking Truth Behind Guo Wengui’s Billion Dollar Investment Scam | Luc Cohen | Multibagger An exiled Chinese businessman, Guo Wengui, is facing charges of racketeering and fraud after allegedly using funds raised from online followers for fake investments in luxury items, including a red Lamborghini and a yacht. In a dramatic closing argument, prosecutor Ryan Finkel detailed how Guo promised followers on social media that they would not lose money in his schemes, ultimately raising over $1 billion through bogus investment and cryptocurrency ventures. Despite pleading not guilty to the charges, evidence presented at the trial included a red…

Revolutionizing Finance: Usual Labs Launches Public Pre-Launch Phase with $75m TVL Commitments Paris, France, July 10th, 2024, Chainwire – Usual Labs, the pioneering company behind Usual, a groundbreaking protocol merging traditional and decentralized finance (DeFi) through its first USD0 stablecoin, has announced the start of its public pre-launch phase. Following a successful private launch that secured $75 million in Total Value Locked (TVL) commitments from over 180 prominent DeFi leaders and investors within a month, Usual is set to challenge industry giants and establish itself as the leading DeFi-native stablecoin. Innovative Financial Solution Usual stands as a secure, transparent, and…

Insider Trading Alert: Daktronics Inc.’s VP Sells Shares Worth $3,725, Acquires Equivalent Number at $3,580 – What Does This Mean for Investors? In a recent SEC filing, Matthew John Kurtenbach, VP of Manufacturing at Daktronics Inc. (NASDAQ: DAKT), sold 269 shares of the company’s common stock for $13.85 each, totaling $3,725. He also acquired an equivalent number of shares through incentive stock options at $13.31 each, worth $3,580. Kurtenbach now owns 208,906 shares in the company. Investors often watch insider transactions for insights into executive sentiment. Daktronics recently reported record revenue, with a 2.9% increase in quarterly sales to $216…

California ISO Issues Energy Conservation Warning Amid Extreme Heat Wave In a recent statement, the California Independent System Operator (ISO) has alerted customers to prepare for possible energy conservation measures due to forecasts of extreme heat this week. The ISO emphasized the importance of being proactive in conserving energy as the rising temperatures are expected to increase power demand and potentially strain the grid. While the grid is currently stable, the ISO warned that prolonged heat events can put a strain on generators and lead to outages. With higher electricity demand anticipated on Wednesday and Thursday, the ISO highlighted Thursday…

Breakthrough in Lithium Extraction: Eramet’s DLE Technology Puts Argentina at the Forefront of Green Energy Revolution By Daina Beth Solomon and Ernest Scheyder Salar Centenario, Argentina (Multibagger) – On the arid plains of northern Argentina, a groundbreaking development is taking place. French mining firm Eramet is pioneering an innovative method of lithium extraction that could revolutionize the electric vehicle (EV) industry and propel Argentina into a leading position in the global lithium market. Eramet’s Direct Lithium Extraction: A Game Changer In the heart of the mountains, towering black tubes siphon salty brine from deep underground into massive tanks. This brine…

By Marcela Ayres BRASILIA (Multibagger) – Brazil’s Senate Constitution and Justice Committee have decided to postpone the voting on a constitutional amendment proposal that would grant financial autonomy to the central bank. This delay is to allow time for the drafting of a new consensus text, as suggested by Senator Jaques Wagner, the government leader in the Upper House. During a meeting with Finance Minister Fernando Haddad, Wagner stated that the government supports granting financial autonomy to the monetary authority. However, they do not endorse the original draft’s proposal to turn the institution into a public company. In 2021, Brazil’s…