Author: Multibagger News

By Ana Mano SAO PAULO (Multibagger) – Brazilian chicken export data indicates a positive outlook for the remainder of 2024, according to meat lobby ABPA. The organization cited weaker competition from U.S. supplies and continued strong demand from traditional Middle East importers as key factors driving this trend. ABPA data shows that Brazil’s chicken exports averaged 431,400 metric tons per month through June, which is 0.8% higher than the monthly average recorded for the whole of 2023 (428,200 tons). The absence of U.S.-based chicken exporters in the market, along with steady sales to countries like the United Arab Emirates and…

Hurricane Beryl Strengthens to Category 5, Setting Dangerous Tone for 2021 Hurricane Season In a shocking turn of events, Hurricane Beryl has rapidly intensified to a Category 5 storm, marking the earliest occurrence of such a powerful hurricane in the Atlantic, Caribbean, and Central American basin. The World Meteorological Organization has issued warnings of a potentially devastating hurricane season ahead, with Beryl already causing havoc in Grenada and St Vincent and the Grenadines. With sustained winds of over 252 kilometers per hour, Hurricane Beryl poses a serious threat to life and property, with the potential for widespread destruction. Experts attribute…

Legendary Trader Peter Brandt Engages Community in BTC Discussion: What Does This Mean for Your Investments? In a recent tweet, renowned commodity trader Peter Brandt sparked a conversation within the community about Bitcoin patterns and potential price movements. Brandt also took a jab at Ethereum, highlighting his preference for Bitcoin. According to Brandt, Bitcoin may be forming a Double Top pattern, which could lead to a minimum price target of $44,000 if the pattern is completed. However, he clarified that the conditions for the pattern have not yet been fully met. In response to criticism from Founder of Sypheon Online…

Fluent (NASDAQ:FLNT) Receives Stockholder Approval for Corporate Actions Fluent (NASDAQ:FLNT), a prominent advertising services company, recently obtained stockholder approval for the issuance of pre-funded warrants and the conversion of existing warrants into common stock. This decision was finalized during a special meeting of stockholders held on Monday. The stockholders voted on three crucial proposals outlined in the company’s definitive proxy statement filed on June 4, 2024. The proposals focused on the issuance and exercise of pre-funded warrants as part of securities purchase agreements dated May 13, 2024, involving certain accredited investors, directors, officers, employees, and a consultant of Fluent, Inc.…

Title: U.S. Recession Probability Surges to 68% in First Half of 2024: What Investors Need to Know As the world’s best investment manager and financial market journalist, I bring you the latest insights on the increasing likelihood of a U.S. recession. According to a machine learning model developed by Piper Sandler, the probability of a recession has surged to 68%, driven by sluggish economic indicators in the first half of 2024. The report highlights alarming figures such as real GDP growth of just 1.4% in the first quarter and consumer spending rising by only 1.5%. Second-quarter estimates are not much…

United Airlines Flight Loses Landing Gear Wheel During Takeoff: What Investors Need to Know In an unexpected turn of events, a United Airlines jet lost a main landing gear wheel while taking off from Los Angeles, as reported by Multibagger. The incident occurred on United Flight 1001, which was en route to Denver. Fortunately, the aircraft landed safely, and no injuries were reported. Event Summary Incident: United Airlines Flight 1001 lost a main landing gear wheel during takeoff from Los Angeles. Destination: The aircraft safely landed in Denver. Carrier Statement: United Airlines is currently investigating the cause of the incident.…

Breaking News: SEC Scraps “Swing Pricing” Regulations for Open-End Funds In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) has decided to abandon its proposed “swing pricing” regulations for open-end funds. This decision comes after facing significant opposition from the industry and will instead issue a fresh proposal in the future. The initial proposal, introduced in 2022, aimed to help open-end funds better manage liquidity during times of market stress, such as the onset of the COVID-19 pandemic. However, due to pushback from industry players, the SEC has opted to reevaluate its approach. This development is…

Investment Manager’s Exclusive Report on U.S. Officials in Cairo for Israel-Hamas Ceasefire Talks In a groundbreaking development, senior U.S. officials are currently in Cairo for talks aimed at achieving a ceasefire between Israel and Hamas. Despite ongoing gaps between the two sides, White House national security spokesperson John Kirby remains optimistic about the potential for a resolution. CIA Director Bill Burns and U.S. Middle East envoy Brett McGurk are in Egypt, engaging in crucial discussions with their Egyptian, Israeli, and Jordanian counterparts. Kirby emphasized the dedicated efforts being made to bridge the existing gaps and work towards a viable agreement.…

Bitcoin Price Analysis: Bullish Megaphone Pattern Indicates Potential for Significant Surge As the price of Bitcoin slowly stabilizes around the $56,000 level, investors are looking for signs of a potential breakout. The bullish megaphone pattern, characterized by two diverging trend lines, suggests that a significant surge could be on the horizon. The bullish megaphone pattern typically forms after a period of sideways or consolidation trading, signaling that the asset is gearing up for a breakout. As price movements expand between the two trend lines, volatility increases, creating a sense of uncertainty in the market. The pattern’s ultimate breakout is marked…

On Monday, United Therapeutics Corp (NASDAQ: UTHR) shares received a positive boost as Argus raised its price target to $350 from $280, maintaining a Buy rating for the biotechnology company. The revision comes amid United Therapeutics’ exploration of new applications for its hypertension treatments and advancements in its organ transplant division. The company’s strong financial position, coupled with the potential for expanded uses of its existing pulmonary treatments, suggests a favorable outlook for the stock. Argus highlights United Therapeutics’ commitment to advancing its treatment portfolio and organ transplant services as key factors contributing to its growth potential. The firm’s optimistic…