Author: Multibagger News

Investing.com– Gold prices fell slightly in Asian trade on Friday, but were sitting on strong gains from the prior session as softer-than-expected U.S. inflation data ramped up bets on a September interest rate cut. Gold prices surged past the $2,400 an ounce mark on Thursday and were just under $50 away from a record high, driven by a significant drop in the dollar. The precious metal was also poised for a robust weekly performance. Gold futures fell 0.3% to $2,408.52 an ounce, while spot gold prices dropped 0.3% to $2,413.75 an ounce by 00:06 ET (04:06 GMT). Gold heads for…

Palantir Technologies Inc. Director Sells Stock: Insider Trading Update Palantir Technologies Inc. Director, Eric H. Woersching, recently sold 3,026 shares of the company’s Class A Common Stock at $28.00 per share, totaling $84,728. This sale was part of a pre-arranged trading plan under Rule 10b5-1, providing an affirmative defense against insider trading accusations. Woersching now holds 29,817 shares of Palantir Technologies. Insider transactions like this are closely watched by investors for insights into executive confidence and potential future stock performance. In other news, Palantir has secured significant contracts with the Department of Defense, and has formed strategic alliances with Voyager…

Tesla Unveils Budget-Friendly Rear-Wheel Drive Model 3 Long-Range: A Game Changer for EV Fans Tesla’s Latest Move: Affordable Innovation In a strategic move set to shake up the electric vehicle market, Tesla (NASDAQ: TSLA) has introduced a new rear-wheel drive variant of its popular Model 3 long-range vehicle. Priced at an enticing $42,490, this new offering comes in at $5,000 less than its all-wheel drive counterpart. This development underscores Tesla’s commitment to providing more affordable options without compromising on the cutting-edge technology and performance that have become synonymous with the brand. No Changes to Existing Models It’s worth noting that…

China’s Iron Ore Imports Decline in June, Signaling Slow Demand Growth As the world’s best investment manager and financial market’s journalist, I bring you the latest update on China’s iron ore imports. According to customs data, China’s iron ore imports fell by 4.3% in June compared to the previous month. This decline comes as buyers reduce purchases due to high portside inventories and expectations of seasonally slow demand. Key Points to Note: – Crude oil imports in H1 were at 275 million metric tons, down 2.3% year-on-year. – Unwrought imports in June stood at 436,000 metric tons, a 3% decrease…

Cathie Wood’s ARK ETFs Trade Update: Zoom Video Communications Stake Sold, Blade Air Mobility Purchased In the latest trading update from Cathie Wood’s ARK ETFs on July 11th, 2024, significant transactions were made across various sectors. The highlight of the day was the sale of a substantial stake in Zoom Video Communications Inc (NASDAQ:) by the ARKK ETF, amounting to 97,497 shares valued at $5,459,832. This move indicates a potential shift in ARK’s investment strategy towards the video conferencing giant. Contrastingly, ARK showed continued interest in Blade Air Mobility Inc (NASDAQ:) with a modest purchase of 300 shares worth $1,032…

Investing.com– Discover the latest insights on Asian currencies as they experienced slight declines on Friday due to increased volatility in the Japanese yen, sparking speculation of government intervention. Stay ahead of the market with this exclusive analysis. Despite this, losses in regional units were limited as the dollar stabilized at a one-month low following softer-than-expected U.S. consumer price index data, boosting optimism for potential interest rate cuts. Sentiment in Asia was affected by yen volatility and mixed trade figures from China. Learn more about the impact on the market and how you can navigate these changes. Japanese Yen Volatility and…

Japan’s Aging Population Spurs Surge in Adult Diaper Market: What This Means for Investors By Tom Bateman Tokyo (Multibagger) – How Japan’s Aging Demographics are Shaping a Billion-Dollar Adult Diaper Market In the shadow of the iconic Mount Fuji, a bustling factory operated by Daio Paper in the Fujinomiya region is revolutionizing a market you might not expect: adult diapers. With automated production lines stretching an impressive 80 meters, the facility is ramping up production to meet an ever-growing demand fueled by Japan’s aging population. Market Dynamics: A Shift from Baby to Adult Diapers Naoto Sugaya, the factory overseer, illustrates…

China’s Exports Surge 8.6% in June, Imports Decline – What Does This Mean for Your Investments? In a surprising turn of events, China’s exports jumped by 8.6% in June, while imports unexpectedly shrank by 2.3%. This data suggests that manufacturers are ramping up orders in anticipation of tariffs from various trade partners. Economists had forecasted lower growth numbers for both exports and imports, making this news even more significant. The strong performance of exports is a ray of hope for an economy still struggling to gain momentum post-pandemic. However, challenges remain, with a property slump, job insecurities, and wage concerns…

Earth Science Tech, Inc. (OTCMKTS:ETST) COO Mario Guillermo Tabraue Acquires Additional Shares: Insider Confidence Boost In a significant move, Earth Science Tech, Inc.’s Chief Operating Officer (COO) Mario Guillermo Tabraue recently purchased 20,000 shares of common stock at $0.249 per share, totaling an investment of $4,980. This insider transaction, which took place on July 11, 2024, highlights Tabraue’s confidence in the company’s future prospects. Earth Science Tech, based in Nevada, is a player in the pharmaceutical preparations sector, focusing on innovative products in the life sciences field. The recent acquisition by Tabraue signals a personal stake and long-term interest in…

ANZ Group Under Scrutiny: $33.81 Billion Bond Trading Misconduct Unveiled Australia’s ANZ Group Faces Allegations of Overstating Government Bonds by $33.81 Billion (Multibagger) – In a significant development, Australia’s ANZ Group has committed to thoroughly investigating allegations of misconduct within its bond trading operations, pledging to hold responsible parties accountable. This was confirmed by CEO Shayne Elliott in an internal email to staff obtained by Multibagger. The allegations, which surfaced after media reports, claim that ANZ overstated the value of government bonds traded by more than A$50 billion ($33.81 billion) over a one-year period. Elliott, along with Group Executive, Institutional…