Author: Multibagger News

Is President Biden Staying in the Race? Evercore Analysts Say Yes! Despite ongoing doubts, President Biden remains committed to his candidacy, sending a determined letter to Congressional Democrats. Evercore ISI analysts highlight three reasons why Biden is likely to stay in the race, emphasizing the critical week ahead. While some lawmakers have called for his exit, key members’ opinions matter more, especially those from swing districts and key Senate races. Polls and upcoming events like the NATO summit and RNC could impact Biden’s chances. According to Evercore, Biden’s ability to navigate this week could shape the conversation going forward. Stay…

Breaking: Morphic Therapeutic Downgraded by RBC Capital After Acquisition by Eli Lilly for $3.2 Billion – What You Need to Know On Tuesday, RBC Capital downgraded Morphic Therapeutic stock from Outperform to Sector Perform, setting a new price target of $57.00, down from the previous $70.00. This shift in rating comes after the announcement that Morphic Therapeutic has been sold to Eli Lilly and Company for approximately $3.2 billion, translating to around $57 per share in cash. This acquisition price marks a significant premium of about 79% over the closing price from last Friday. The sale is seen as a…

Unlocking the Secrets of Nvidia Corp’s Unprecedented Stock Surge in AI Revolution Era Nvidia Corp (NASDAQ:) has witnessed an extraordinary surge in its stock value as the AI revolution takes center stage. Year-to-date, the stock has soared over 160%, and over the past year, it has seen a staggering 238% increase. Over the last five years, Nvidia has experienced an incredible 2,900% climb, recently crossing the $3 trillion market capitalization milestone and briefly claiming the title of the world’s largest company. Since the inception of the AI revolution in 2023, Nvidia has proven to be a stock that keeps on…

Disney Announces $60 Billion Expansion with New Cruise Ship Sailing from Tokyo by 2028 By Dawn Chmielewski and Lisa Richwine URAYASU, Japan (Multibagger) – Walt Disney Co. (NYSE: DIS) has unveiled ambitious plans to launch a new cruise ship from Tokyo starting in fiscal 2028, adding a ninth vessel to its growing fleet. This new ship is part of a massive 10-year, $60 billion expansion strategy for Disney’s theme parks and cruise operations. Disney’s Expanding Fleet The new vessel, modeled after the largest ship in Disney’s fleet, the Wish, is a collaborative effort with Oriental Land Company (OLC), the operator…

Thailand’s central bank governor emphasized the need for stronger economic growth to ensure sustainable expansion in the long term. The current growth rate of 3% is not sufficient for a low-income country like Thailand, according to Bank of Thailand Governor Sethaput Suthiwartnarueput. Sethaput highlighted the importance of structural reforms to boost the potential growth rate and address issues such as weak exports, high household debt, and borrowing costs. The central bank has forecasted a growth rate of 2.6% for this year and 3% for the next year. Despite calls for a rate cut to stimulate the economy, the BOT decided…

The Gaza Conflict: Israeli Forces Kill 18 Palestinians Amid Ceasefire Talks In the midst of ceasefire negotiations, Israeli forces have escalated their military offensive in the Gaza Strip, resulting in the deaths of at least 18 Palestinians. Qatari and Egyptian mediators, with the support of the United States, are working tirelessly to broker a ceasefire deal that would bring an end to the violence in Gaza and secure the release of Israeli hostages in exchange for Palestinian prisoners held in Israel. Israeli tanks have intensified their incursion into Gaza City, leading to intense fighting in districts such as Shejaia, Sabra,…

As the world’s top investment manager and financial market journalist, I bring you the latest update on Bitcoin and Ether prices. Bitcoin has seen a slight increase after recent losses, while Ether has surged amid speculation of a spot ETF launch. Bitcoin rose by 3.2% to $57,280.7, while Ether outpaced it with a 5.4% increase to $3,070.71. Bitcoin’s recent losses were caused by concerns over token distributions from Mt Gox, but the token seems to have stabilized for now. The trustees of Mt Gox began distributing stolen tokens from a 2014 hack, leading to fears of a token dump. However,…

Uncover July’s Top Stock Picks with AI: How to Turn $100K into $1.87M for Just $8 a Month! Investing.com — Just when retail investors thought the market had peaked after an outstanding first half of the year, the first trading week of July brought even more gains for those astutely positioned in the right stocks. Such is the case for our premium users. For a nominal fee of less than $8 a month as part of our exclusive summer sale, they are already reaping the rewards from our market-beating list of stocks, meticulously picked by our state-of-the-art predictive AI model.…

By Yoruk Bahceli and Samuel Indyk A stunning election victory for France’s leftist alliance has left investors on edge, as concerns grow over potential policy paralysis and its impact on the country’s struggling public finances. The left-wing New Popular Front (NFP) alliance emerged as the largest party in Sunday’s election, but fell short of an absolute majority, defying expectations that the far-right National Rally (RN) would come out on top. With France facing a hung parliament and complex negotiations to form a government, the risk premium for holding French debt over Germany’s remains a point of concern for markets. Debt…

KKR to Offload Half of Its Stake in Kokusai Electric Following Stellar Share Performance By Sam Nussey, Financial Markets Journalist KKR to Reduce Stake in Kokusai Electric: What It Means for Investors and the Future of Chip Equipment Market TOKYO, Multibagger – In a significant move within the Japanese semiconductor industry, private equity giant KKR is set to reduce its stake in Kokusai Electric following an impressive surge in the company’s stock price. According to sources familiar with the matter, KKR, which currently holds approximately 43% of Kokusai’s shares, aims to sell about half of its stake. Key Points: KKR’s…