Author: Multibagger News

By Jason Lange WASHINGTON (Multibagger) -One in three Democrats think U.S. President Joe Biden should end his reelection bid following last week’s debate against Republican Donald Trump, but no prominent elected Democrat does any better than Biden in a hypothetical matchup against Trump, according to a Multibagger/Ipsos poll that closed on Tuesday. The two-day poll found that both Trump, 78, and Biden, 81, maintain the support of 40% of registered voters, suggesting that Biden has not lost ground since the debate. Election Day is Nov. 5. Among the names of top Democrats put before respondents, only Michelle Obama, wife of…

Opaleye Management Inc., a notable investment management firm, has recently sold shares in Protara Therapeutics, Inc. (NASDAQ:TARA), a company specializing in biological products. The transactions, which took place on July 1, 2024, involved the sale of a total of 8,288 shares of common stock at an average price of $2.1233, amounting to nearly $18,000. The sales were carried out in multiple transactions with prices ranging from $2.1021 to $2.1611. This information comes from a recent Form 4 filing with the Securities and Exchange Commission, which details the trading activities of the company’s insiders. The bulk of the shares, specifically 5,788…

By Yuvraj Malik and Jaspreet Singh (Multibagger) – Meta Platforms (NASDAQ:)’ newest social media offering Threads has over 175 million monthly active users, CEO Mark Zuckerberg revealed on Wednesday, ahead of its first anniversary. A challenger to X, formerly known as Twitter, Threads hit app stores on July 5 last year, timed to win users from the de facto micro-blogging site during its chaotic takeover by billionaire Elon Musk. It garnered 100 million users in less than a week, partly because of an easy way for users of the popular platform Instagram to set up their Threads profiles, but some…

By Jamie McGeever ORLANDO, Florida (Multibagger) – If history is any guide, uncertainty surrounding the U.S. presidential election will rise as the November vote draws closer, which would be an additional headwind for an economy already showing signs of losing momentum. Economic policy uncertainty indexes capturing these trends have not kicked in yet. But assuming they do, the heightened anxiety could herald a softer second half of the year not only for the economy but for Wall Street too. Much of this year’s stock-market strength has been built on solid earnings growth forecasts. These are likely to be revised if…

By Elida Moreno and Lizbeth Diaz PANAMA CITY (Multibagger) – An agreement between Panama and the United States to try to deter migrants from crossing the treacherous Darien jungle, by repatriating those that enter the Central American country illegally, is unlikely to succeed and could make journeys even more dangerous. Analysts said the plan announced on Monday, in which Washington agreed to cover the cost of repatriating migrants, would struggle in the face of the vast numbers of people currently arriving in Panama. And any success in bringing down the number of people crossing the Darien would likely only result…

Saba Capital Management, L.P., a significant shareholder in Adams Natural Resources Fund, Inc. (NYSE:PEO), has made a notable addition to its investment in the company. On July 2, 2024, the investment firm purchased 4,369 shares of common stock at a price of $23.5 per share, amounting to a total investment of $102,671. The transaction was disclosed in a recent filing with the Securities and Exchange Commission. This purchase further increases Saba Capital Management’s holdings in the company, now owning a total of 2,729,666 shares. Adams Natural Resources Fund, Inc., which trades under the ticker symbol PEO, is known for its…

Investing.com – Democratic President Joe Biden and Republican former President Donald Trump are set to face each other in the U.S. presidential election on Nov. 5. However, what is expected to be a divisive, and closely fought contest has resulted in uncertainty for the markets. USA Election 2024 Polling over the last several weeks has shown a close presidential election, with President Biden narrowly but consistently trailing former President Trump in national polling and, more importantly, in the key swing states likely to deliver the marginal electoral votes to the winner. The first presidential debate injected new uncertainty into the…

Investing.com– The S&P 500 notched another record close Wednesday, in a holiday-shortened session as a slew of weaker economic data boosted hopes for sooner rate cuts, a day ahead of the July 4 holiday. At 13:00 ET (17:00 GMT), the climbed 0.5% to new closing record of 5,534.63. The fell 24 points, or 0.1%, t and the jumped 0.8%, higher to fresh record close.  The main Wall Street indices are set for a shortened trading day on Wednesday ahead of Thursday’s Independence Day holiday, and come off strong gains on Tuesday after Federal Reserve Chair Jerome Powell flagged some progress in cooling…

By Anant Chandak BENGALURU (Multibagger) – Growth in India’s dominant services industry accelerated last month, buoyed by strong demand and a record rise in export orders, according to a business survey that also showed companies were hiring at the fastest in nearly two years. HSBC’s India Services Purchasing Managers’ Index, compiled by S&P Global, rose to 60.5 in June from 60.2 in May, close to a Multibagger poll median forecast of 60.6 and a preliminary reading of 60.4. It has been above 50, which separates growth from contraction, for nearly three years. “Activity growth in India’s service sector accelerated in…

(Multibagger) – A U.S. judge on Wednesday blocked the Biden administration from enforcing a new rule against discrimination on the basis of gender identity in healthcare. U.S. District Judge Louis Guirola of the Southern District of Mississippi sided with 15 Republican-led states that sued to challenge the rule, arguing that it exceeded the administration’s authority. Source link