Author: Multibagger News

Artem, a 22-year-old IT student in Moscow, has no regrets about shelling out more than $3,000 to see his favorite singer perform. Around the world, fans of Taylor Swift – “Swifties” – are used to paying eye-popping prices to attend her concerts. But in Russia, there are other challenges in the quest to catch the superstar on tour. Many Western performers have shunned Russia since 2022, when Russia sent its army into Ukraine, and outward travel to the West is fraught with complications. But Russian Swifties, undeterred, embarked this summer on daunting odysseys – requiring visa appointments and clever flight…

Morgan Stanley Downgrades VAT Group AG Stock Amid Memory Sector Shifts In a recent update, Morgan Stanley has downgraded VAT Group AG (VACN:SW) from Equalweight to Underweight, with a revised price target of CHF350, down from CHF460. This decision comes after a reassessment of the memory sector’s performance and capital expenditure projections. Initially, Morgan Stanley had a positive outlook on VAT Group, citing signs of recovery in the memory sector and strong demand. However, recent developments in the global memory market have led to a less favorable view, with a deteriorating pricing environment and delays in NAND capital expenditures. While…

Breaking News: Bitcoin Hits Three-Week High After Federal Reserve’s Rate Cut In a surprising turn of events, Bitcoin’s price surged to a three-week high on Friday, signaling a strong week ahead for the cryptocurrency market. This bullish momentum was fueled by an unexpected interest rate cut by the Federal Reserve, which boosted risk appetite across various markets. Despite an initial mixed reaction to the rate cut, Bitcoin eventually followed an upward trend seen in other risk-driven markets, particularly stocks. As a result, broader cryptocurrency prices also experienced an uptick on Friday and were on track for weekly gains. At the…

Russia Plans to Raise Exit Tax to 40% on Foreign Companies Amid Tightening Sanctions Introduction In a significant development for global investors and businesses, Russian authorities are considering a substantial increase in the mandatory contribution that foreign companies must pay to exit the country. The proposed hike could see the tax rise to as high as 40% from the current 15%, according to a report by RBC daily, citing four informed sources. Background Since Western sanctions were imposed in response to Moscow’s invasion of Ukraine, Russia has systematically increased the hurdles for foreign companies seeking to exit the market. These…

The Shocking News From Mercedes-Benz: Why the World’s Largest Car Market Is Causing Chaos in the Luxury Auto Industry FRANKFURT (Multibagger) – In a surprising move, Mercedes-Benz has once again slashed its full-year profit margin target, citing the weakening Chinese car market as the main culprit. This announcement marks the second time in less than two months that the German luxury carmaker has revised its earnings outlook, sending shockwaves through the industry. Following the news, shares in Mercedes-Benz plummeted by 7.5%, hitting their lowest point in nearly two months and dragging down European car stocks as well. With GDP growth…

As the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind, I present to you the Latest News on Nosana’s Mainnet Launch in January 2025 Nosana, the decentralized AI inference engine powered by a global network of consumer GPUs, has officially announced the launch date for its Nosana Mainnet: January 14, 2025. Nosana, a leader in decentralized AI computing, is proud to unveil the upcoming launch of its Nosana Mainnet on January 14, 2025. This significant milestone follows a year of intensive testing and preparation for full-scale deployment. “When we first envisioned Nosana, we imagined a world where AI…

Is Burberry Stock a Buy or Sell? Jefferies Downgrade Signals Trouble Ahead Jefferies downgrades Burberry Group PLC stock from Hold to Underperform with a new price target of GBP 4.90, down from GBP 8.00. Analysts anticipate management changes and a challenging demand environment, leading to an uncertain future for the luxury fashion brand. The projected P/E ratio for 2025/2026 is 29.2x/15.3x, with forecasted retail comparable growth expected to decline in the next quarters. Concerns over market share losses and unclear commercial trajectory contribute to the downgrade. Despite potential margin recovery, Burberry’s valuation remains less compelling compared to industry peers. Stay…

Italy Sends Vital Anti-Missile System to Ukraine: What This Means for Global Stability and Your Investments Italy Reinforces Ukraine’s Defense with New Samp-T Anti-Missile System Amid Tensions with Russia ROME (Multibagger) – In a significant move to bolster Ukraine’s defense capabilities, Italy has announced it is sending another Samp-T anti-missile system to the embattled nation. Italian Foreign Minister Antonio Tajani emphasized the necessity of this action while stressing the importance of avoiding direct conflict with Russia. "We are sending a new Samp-T (anti-missile system) to protect hospitals, schools, and universities in Ukraine, a country that was attacked by Russia," Tajani…

As the Best Investment Manager Reveals: US Stock Futures Dip After Record Rally, Nike CEO Steps Down In a groundbreaking turn of events, US stock futures saw a slight decline on Friday following a historic surge on Wall Street. The Federal Reserve’s unprecedented interest rate cut earlier in the week fueled a surge in technology stocks and risky assets, while promising jobless claims data raised hopes for sustained labor demand without inflationary pressures. 1. Futures Dip: US stock futures slipped after Wall Street hit record highs post-Fed rate cut. S&P 500, Dow Jones, and Nasdaq futures all saw a minor…

Expert Analysis: Russia Issues Warning to U.S. Over Ukraine Conflict Escalation In a recent statement, Russian Deputy Foreign Minister Sergei Ryabkov warned the United States to consider Moscow’s concerns regarding the escalating conflict in Ukraine. The possibility of a meeting between Russian Foreign Minister Sergei Lavrov and U.S. State Secretary Antony Blinken at the United Nations General Assembly was dismissed, as Ryabkov stated that there is currently nothing to discuss between the two sides. Furthermore, Russian Foreign Ministry spokeswoman Maria Zakharova emphasized the potential consequences of allowing Kyiv to conduct long-range strikes deep inside Russia. She cautioned against the dangers…