Author: Multibagger News

By Howard Schneider WASHINGTON (Multibagger) – Federal Reserve Chair Jerome Powell is set to testify before the Senate Banking Committee in a hearing that will assess whether recent signs of slowed inflation and a slowing U.S. job market will prompt the central bank to accelerate its plans to cut interest rates. During the Fed’s June meeting, officials projected a single quarter-point rate cut by the end of the year. However, weaker-than-expected inflation data and concerns about a slowing job market have raised questions about the need for more aggressive action. Recent data indicates a still-healthy job market, but downward trends…

By Trevor Hunnicutt President Joe Biden is set to welcome the heads of NATO member states to Washington on Tuesday for a crucial annual summit that will shape the future of global alliances and impact financial markets. As the world’s top investment manager and financial market journalist, I will break down the significance of this summit for investors and provide insights for optimizing your portfolio. Biden’s focus on strengthening traditional alliances and countering the threat of autocracies has major implications for NATO’s future and Europe’s stability. With the upcoming U.S. election determining the course of international relations, investors need to…

Binance CEO Highlights Strong Investor Interest in Bitcoin ETFs Despite Price Fluctuations In a recent X post, Binance CEO Richard Teng emphasized the ongoing investor interest in Bitcoin, despite recent price fluctuations. The significant inflows into U.S.-listed Bitcoin ETFs, totaling over $14.7 billion in the past six months, showcase strong investor confidence in BTC and digital assets overall. According to data from Bloomberg, investors have seized the recent price decline as a buying opportunity, with U.S. Bitcoin ETFs witnessing a net inflow of $438 million over the last two days. This trend reflects bullish sentiment among investors who remain optimistic…

Breaking News: uniQure N.V. Reveals Promising Interim Data for AMT-130 Trials in Huntington’s Disease uniQure N.V. (NASDAQ: QURE) has released exciting interim results from its Phase I/II trials of AMT-130, a potential gene therapy for Huntington’s disease. The data shows a significant slowing in disease progression and a reduction in neurofilament light protein (NfL) levels in the cerebrospinal fluid (CSF) after 24 months. This could be a game-changer for the 70,000 people in the U.S. and Europe affected by this hereditary neurodegenerative disorder. The trials included 29 patients who received different doses of AMT-130, with the high-dose group showing an…

Unprecedented $6.1 Billion Inflow in US Equities: What It Means for Your Portfolio In a stunning turn of events, BofA Securities announced that its clients became net buyers of US equities last week, marking the first time this has happened in three weeks. The total inflow amounted to a massive $6.1 billion, making it the fifth-largest inflow on record. Key Highlights: Single Stocks and ETFs: Notably, clients aggressively purchased both single stocks and ETFs. Single stock inflows reached their highest levels since 2008. Client Groups: All major client groups, including retail investors, hedge funds, and institutions, participated as net buyers.…

Fisker Recalls Over 12,000 Ocean Vehicles Due to Door Handle Issue Electric-vehicle company Fisker is recalling more than 12,000 Ocean vehicles to address a problem with exterior door handles sticking and failing to open. This marks the third recall for Fisker this month, as the U.S. National Highway Traffic Safety Administration (NHTSA) has four open investigations into various issues related to the Ocean SUV. Fisker, once a high-flying EV startup, recently filed for bankruptcy protection after facing financial difficulties. The faulty door handles pose a safety risk, as they could prevent occupants from exiting the vehicle in an emergency. The…

Breaking News: Donald Trump Officially Nominated at Republican National Convention – What You Need to Know! Find out the latest updates on the Republican National Convention, where former President Donald Trump will be officially nominated next week. Get insights into the key highlights and how it can impact the financial markets and your investments. As the world’s top investment manager and financial market journalist, I bring you exclusive coverage of the upcoming Republican National Convention in Milwaukee, Wisconsin. Stay ahead of the game and learn about the key takeaways from this event that will shape the future of the political…

Breaking News: Agrotoken and Tanssi Join Forces to Revolutionize South American Agro-Finance on Polkadot Tortola, British Virgin Islands, July 9th, 2024, Chainwire: The groundbreaking collaboration between appchain infrastructure protocol Tanssi and Agrotoken, the leading tokenization platform for agricultural commodities, is set to reshape the South American market. By harnessing Tanssi’s advanced technology, Agrotoken will introduce a blockchain-based agro-finance solution tailored for Brazil and Argentina. Agrotoken will utilize Tanssi’s specialized appchain technology to streamline the collateralization of loans with tokenized grains. This innovative approach enables efficient digitization of commodities, optimizing processes related to grain values, loan terms, ownership transfers, and repayment…

Envestnet (ENV) Stock: Analyst Maintains Buy Rating Amid Acquisition Talks with Bain Capital On Tuesday, a DA Davidson analyst reaffirmed a Buy rating and a $78.00 price target for Envestnet (NYSE:ENV) stock, a prominent provider of intelligent systems for wealth management and financial wellness. Talks with Bain Capital regarding a potential acquisition at around current market levels are reportedly in the final stages. The potential deal could be valued at $64 per share, representing an enterprise value multiple just over 13 times the projected 2025 adjusted EBITDA of $339 million. With estimated public company costs factored in, this valuation would…

Urgent Market Alert: Piper Sandler Analysts Warn of Impending Stock Market Correction As an expert investment manager and financial markets journalist, I bring you crucial insights from Piper Sandler analysts who are signaling a potential correction in the stock market, despite recent highs. This alert is pivotal for investors seeking to navigate the complexities of the current financial landscape. Key Concerns Highlighted by Piper Sandler In their latest note, Piper Sandler analysts emphasize "deteriorating market breadth and narrowing leadership" as significant red flags. Essentially, this indicates that fewer stocks are contributing to the market rally, with investors primarily focusing on…