Author: Multibagger News

Gold prices saw a boost in Asian trade on Tuesday, recovering from previous losses as investors anticipate hints of a rate cut from Federal Reserve Chair Jerome Powell’s upcoming testimony. Despite a slight retreat on Monday, the yellow metal has maintained gains over the past week due to soft labor market data increasing expectations for a rate cut in September. A weaker dollar has also supported gold’s upward momentum. Gold futures rose by 0.4% to $2,367.97 an ounce, while spot gold for August delivery jumped by 0.5% to $2,374.40 an ounce as of 00:21 ET (04:21 GMT). Gold on the…

Trump’s Deal-Making Potential Could Benefit China, Says DBS CEO Piyush Gupta Singapore (Multibagger) – In a recent interview at the Multibagger NEXT forum, DBS Group CEO Piyush Gupta emphasized that a potential Donald Trump presidency could bode well for Sino-U.S. relations due to Trump’s penchant for deal-making, a strategy that aligns well with China’s approach. Key Takeaways from Piyush Gupta’s Insights: Trump as a Dealmaker: Gupta highlighted Trump’s deal-oriented mindset, suggesting that if he wins the upcoming U.S. presidential elections, he would likely be open to negotiating deals that could be mutually beneficial for both the U.S. and China. "Trump…

The Best Investment Manager’s Guide to Navigating Global Markets: A Deep Dive by Kevin Buckland Washington Takes Center Stage as Fed Chair Jay Powell Testifies Before Senate As inflation cools and job market tightens, Powell walks tightrope to avoid reigniting price pressures Consumer Price Index data to follow Powell’s testimony on Thursday, adding to market uncertainty Political Drama Unfolds: Biden’s Odds Improve, Trump May Reveal Running Mate In France, Political Paralysis Looms as New Popular Front Emerges Victorious Euro Resilient Despite Political Turmoil, Sits at Four-Week High No Major Events in Europe, Focus on CPI Data from Greece, Hungary, and…

Palisade Bio, Inc., a leading biopharmaceutical company, recently held its annual meeting of stockholders to vote on crucial matters such as the election of directors and the ratification of the company’s independent registered public accounting firm. Shareholders elected three directors – J.D. Finley, Donald Williams, and Margery Fischbein – to serve until the 2025 annual meeting or until their successors are appointed. The votes for each director were as follows: 141,074 for Finley, 139,029 for Williams, and 142,588 for Fischbein. There were also votes withheld for each director, with 11,984 for Finley, 14,029 for Williams, and 10,470 for Fischbein. Additionally,…

Asian Currencies Dip as Dollar Strengthens Ahead of Powell Testimony In the latest market update, most Asian currencies are facing downward pressure as the dollar gains strength before Federal Reserve Chair Jerome Powell’s testimony. The yen is also struggling near 38-year lows, adding to the overall sentiment of uncertainty in the region. The concern over new European import tariffs on China is adding to the anxiety, with fears of retaliatory measures and a potential trade war looming. The market is closely watching Powell’s testimony and upcoming economic data for more clarity on the situation. The Japanese yen is particularly fragile,…

Wolfe Research Raises NVIDIA (NVDA) Price Target to $150 per Share by 2025 In a recent note, renowned investment firm Wolfe Research has increased their price target for NVIDIA (NVDA) to $150 per share by 2025. This decision comes after positive supply chain checks revealed strong growth potential for the company in the upcoming calendar year. The report from Wolfe Research indicates a promising path to 50%+ content growth for NVDA GPUs in 2025, driven by the transition to Nvidia’s new Blackwell platform. This shift is expected to result in better average selling prices (ASPs) and an improved product mix.…

Japan’s Nikkei Hits Record High Amid Global Market Anticipation for Fed Rate Decision By Stella Qiu — SYDNEY (Multibagger) – In a remarkable turn of events, Japan’s Nikkei index soared to a record high on Tuesday, driven by robust semiconductor shares. Meanwhile, global investors are on edge, eagerly awaiting Federal Reserve Chair Jerome Powell’s stance on potential rate cuts, following new evidence of a cooling U.S. labor market. European and U.S. Markets Await Fed Decision European markets are poised for a cautious open, with EUROSTOXX 50 futures down 0.3% and FTSE futures remaining flat. Across the Atlantic, S&P 500 futures…

Investment Manager’s Insight: South Korea’s Central Bank Considers Trade-offs for Future Monetary Policy In a recent parliamentary session, Governor Rhee Chang-yong of South Korea’s central bank discussed the challenges of balancing disinflation, growth, and financial stability in future monetary policy decisions. Despite positive signs, disinflation is expected to persist, alongside rising household debt and increased volatility in foreign exchange markets. The Bank of Korea is likely to maintain its policy rate at a 15-year high of 3.50% on Thursday and throughout the third quarter of 2024. A 25-basis-point cut is anticipated in the final quarter, coinciding with potential policy easing…

Trump Predicts Biden Will Stay in Race Despite Calls to Step Aside Republican presidential candidate Donald Trump believes President Joe Biden will not bow out of the White House race, despite increasing pressure from within his own Democratic Party to make way for a younger nominee. In a recent interview, Trump, 78, suggested that Biden, 81, is unlikely to give up his candidacy due to his ego and the fact that he has secured the Democratic nomination with the support of convention delegates from earlier primaries. Throughout the interview, Trump emphasized Biden’s delegate advantage and speculated that the only way…

Discover why Kinetik Holdings Inc. (NYSE:KNTK) is gaining attention from top financial firms and analysts with a positive outlook and strategic transactions that are set to boost its stock price. Mizuho Securities reinstated coverage on Kinetik with an Outperform rating and a new price target of $47.00, highlighting the company’s recent moves to streamline operations and enhance its presence in the energy sector. Key Strategic Transactions and Outlook Kinetik’s recent strategic transactions are expected to accelerate debt reduction and establish a path to a run-rate EBITDA of around $1 billion per year by 2025. The acquisition of Durango positions Kinetik…