Author: Multibagger News

Breaking News: Crypto Stocks Plummet as Bitcoin Hits Lowest Point Since February In today’s premarket, shares in crypto-related companies took a nosedive as Bitcoin continued its downward trend for the fourth consecutive session. The leading cryptocurrency dropped 6.5% to $54,450.0, reaching its lowest point since February before briefly recovering. The drop in Bitcoin had a ripple effect on cryptocurrency stocks, with MicroStrategy Incorporated (NASDAQ:), Riot Platforms (NASDAQ:), Marathon Digital (NASDAQ:), CleanSpark (NASDAQ:), Cipher Mining (NASDAQ:), and Coinbase (NASDAQ:) all experiencing significant declines. The sudden decline in Bitcoin can be attributed to Mt. Gox, the defunct crypto exchange, transferring a significant…

Foxconn’s Impressive Q2 Revenue Surge Driven by AI Server Demand: What it Means for Investors TAIPEI (Multibagger) – Taiwan’s Foxconn, the global leader in contract electronics manufacturing and Apple’s primary iPhone assembler, has reported better-than-expected quarterly revenue, driven by robust demand for AI servers. The company forecasts continued growth in the upcoming quarter. Key Takeaways: Seasonal Surge: The third quarter marks the beginning of the season when Taiwan’s tech giants rush to supply smartphones, tablets, and other electronics to major vendors like Apple, preparing for the Western markets’ year-end holiday season. AI Server Demand: Foxconn’s growth is significantly bolstered by…

Discover the latest update on the United Nations world food price index for June! The index remained steady, with increases in vegetable oil, sugar, and dairy products offset by a decline in cereal prices. Learn more about the FAO’s price index, tracking the most globally traded food commodities, which averaged 120.6 points in June, unchanged from May. Get insights on how this data can impact your investment decisions and financial strategies. Prior to June, the FAO index had been on the rise for three consecutive months, rebounding from a three-year low in February. Find out how food prices have evolved…

The Ultimate Guide to Raiffeisen Bank International’s Crisis with Russia – Exclusive Insider Insights In a shocking turn of events, Raiffeisen Bank International’s deal with a Russian oligarch has put the biggest Western lender in Russia on the brink of collapse. Find out how Washington’s ultimatum has pushed Raiffeisen to the edge and what this means for the global financial market. Discover the hidden secrets behind Raiffeisen’s risky business with Russia and how it could impact your investments. Get exclusive access to interviews with top officials and insiders to understand the full extent of this crisis. Don’t miss out on…

Keir Starmer’s Economic Challenges as Britain’s Next Prime Minister – Analysis and Predictions As the world’s best investment manager and financial market journalist, I bring you an in-depth analysis of the economic challenges facing Keir Starmer as he prepares to take the reins as Britain’s next prime minister. Despite accusing Rishi Sunak’s Conservatives of “14 years of economic failure”, Starmer faces an uphill battle to lift the country out of its slow-growth rut. Living standards have stagnated since 2010, and Britain’s recovery from the COVID pandemic has been lackluster compared to other major economies. With public debt nearing 100% of…

As the dollar retreated before key nonfarm payrolls data, gold prices rose in Asian trade on Friday, extending recent gains. The yellow metal was sitting on some gains this week after weak U.S. economic data pushed up bets that the Federal Reserve will begin cutting interest rates by September. Gold rose 0.3% to $2,363.61 an ounce, while gold futures expiring in August rose 0.3% to $2,371.56 an ounce by 01:05 ET (05:05 GMT). Gold Buoyed by Rate Cut Bets, Payrolls Data Awaited Spot gold prices were set to add 1.6% this week, trading about $100 away from a record high,…

European Stocks Surge Amid Labour Party Victory and Robust Tech Sector Performance (Multibagger) – European stocks soared to over one-week highs on Friday, buoyed by the Labour Party’s sweeping victory in the UK general election. This political shift brought a sense of stability to investors, while German chip systems manufacturer Aixtron skyrocketed on the back of strong order reports. The pan-European STOXX 600 index climbed 0.4% by 0721 GMT, reaching its highest levels since June 26. In the UK, the blue-chip FTSE 100 rose 0.3%, and the domestically focused FTSE 250 surged 1% to one-month highs following the Labour Party’s…

By Leika Kihara TOKYO (Multibagger) – In a report later this month, the Bank of Japan is set to showcase the increasing trend of wage hikes spreading across companies, particularly at smaller firms. This development is seen as a pivotal step towards a potential near-term interest rate hike, according to sources familiar with the central bank’s plans. The upcoming report, to be included in a quarterly analysis of regional Japanese economies, will draw upon surveys and feedback gathered by the BOJ’s branch offices nationwide. The main report and an accompanying annex are expected to underline the growing number of small…

World’s Best Investment Manager’s Exclusive Analysis: Will Kamala Harris Replace Joe Biden in 2024 Election Against Donald Trump? By Praveen Paramasivam As the world eagerly awaits the outcome of the upcoming U.S. election, residents of a small south Indian village are closely watching to see if U.S. Vice President Kamala Harris might replace Joe Biden in the race against Donald Trump. In Thulasendrapuram, where Harris’s maternal grandfather was born, the excitement is palpable as villagers celebrate her potential candidacy. In 2021, Thulasendrapuram celebrated Harris’s inauguration with firecrackers, free chocolate, and posters featuring the vice president. Now, with rumors swirling about…

Zurich, Switzerland, July 5th, 2024 – Gamma Prime is revolutionizing the world of finance with its innovative protocol for tokenizing real yield strategies from top global market makers and funds. This regulatory-compliant L1 protocol introduces new yield primitives with complete composability and interoperability, democratizing access to returns across crypto and real-world assets for individuals and institutions alike. Meet the Founders & Team The Gamma Prime team is comprised of industry experts, Web3 innovators, and hedge fund infrastructure providers. Led by Evan Szu, a seasoned expert in commodity futures and technology startups, the team brings together a wealth of experience from…