Author: Multibagger News

Market Update: US Stocks Decline Despite Cooling Inflation; Key Insights on Federal Reserve Rate Cuts and Economic Outlook Overview of Market Movements On Thursday, U.S. stocks took a downturn despite encouraging inflation data suggesting a potential slowdown in the economy, which could prompt the Federal Reserve to consider interest rate cuts later this year. NASDAQ Composite: Dropped by 0.88%, closing at 5,584.54 after reaching record highs earlier. S&P 500: Fell 1.95% to 18,283.41, heavily influenced by a more than 5.5% drop in Nvidia (NASDAQ: NVDA) shares. Dow Jones Industrial Average (DJIA): Edged up slightly by 32.39 points, or 0.08%, to…

Title: Exclusive: Canadian Prime Minister Trudeau Expresses Confidence in Finance Minister Freeland Amid Reports of Tensions – What This Means for Canada’s Economy As the world’s best investment manager and financial market journalist, I bring you exclusive insights into the latest developments in Canadian politics. Canadian Prime Minister Justin Trudeau has expressed his confidence in Finance Minister Chrystia Freeland, amidst reports of tensions between her and the prime minister’s aides. This news comes as the relationship between Freeland and the prime minister’s office has reportedly become strained over concerns about her delivery of an upbeat economic message. Trudeau emphasized his…

French President Macron’s Political Paralysis After Snap Election: How It Affects NATO and Global Markets In a bold move that backfired, French President Emmanuel Macron’s snap election gamble has left NATO allies questioning Paris’ future role in the transatlantic alliance. With uncertainty surrounding U.S. President Joe Biden’s reelection bid and a potential return of NATO skeptic Donald Trump, Macron’s domestic troubles have spilled over into the international arena. At the NATO summit in Washington, Macron’s absence from the spotlight and political limbo back home have raised concerns among European diplomats. The inconclusive parliamentary election in France has left Macron without…

Genasys Inc. Appoints Mark Culhane as Chair of Audit Committee – Strategic Board Reconstitution to Drive Growth SAN DIEGO – Genasys Inc. (NASDAQ: NASDAQ:), a leading company in Protective Communications, has named Mark Culhane as the Chair of its Audit Committee. Culhane, with over three decades of executive finance expertise, joins the Board of Directors following a strategic reconstitution aimed at propelling the company’s next growth phase. The Board, under the leadership of Chairman Rick Osgood, now consists of five independent directors alongside CEO Richard Danforth. Culhane’s appointment coincides with the departure of Caltha Seymour, a former board member. With…

Olaplex Holdings (NASDAQ: OLPX) Surges 12.2% After Strategic Leadership Enhancements: Meet the New COO/CFO and CMO Investing.com – Olaplex Holdings Inc (NASDAQ: OLPX) experienced a notable 12.2% surge in stock price on Thursday following the strategic appointment of two seasoned executives to its leadership team. Catherine Dunleavy will assume the roles of Chief Operating Officer (COO) and Chief Financial Officer (CFO), while Katie Gohman will take on the position of Chief Marketing Officer (CMO). Catherine Dunleavy: A Proven Leader for Operational Excellence Set to join Olaplex on August 13, Catherine Dunleavy brings over two decades of experience in steering high-profile…

By Ann Saphir Chicago Federal Reserve Bank President Austan Goolsbee expressed confidence on Thursday that the U.S. economy is heading towards 2% inflation, signaling a potential interest rate cut in the near future. Goolsbee stated, “My view is, this is what the path to 2% looks like,” following a government report that showed a dip in consumer prices in June. He described the report as “excellent” news and indicated that any inflation spikes earlier in the year were merely temporary obstacles. Furthermore, Goolsbee highlighted the significant easing in shelter inflation as “profoundly encouraging.” While Goolsbee did not explicitly state whether…

Breaking News: U.S. Sanctions Venezuelan Gang Tren de Aragua, Designates as Transnational Criminal Organization In a bold move, the United States has imposed sanctions on Tren de Aragua, a notorious Venezuelan gang known for human trafficking, extortion, and other criminal activities. Led by Hector “Niño” Guerrero, the group has been linked to violence and exploitation across Latin America. The White House and Treasury Department have designated Tren de Aragua as a transnational criminal organization, freezing any assets controlled by foreign nationals in the U.S. Additionally, the State Department is offering a $12 million reward for information leading to the arrest…

Insider Trading Alert: Recursion Pharmaceuticals (NASDAQ:RXRX) Director Sells Shares Worth $83,734 – Find Out More! Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) Director Blake Borgeson has recently sold a significant number of shares, generating $83,734 in proceeds. The sale, which took place on July 9, 2024, was part of a pre-arranged trading plan to avoid insider trading accusations. Borgeson sold 11,447 shares at prices ranging from $7.17 to $7.435, with a weighted average sale price of $7.315 per share. Despite this transaction, Borgeson still retains a substantial number of shares, owning a total of 7,167,110 shares. This insider trading activity was conducted under…

Investing.com — The latest data from the Bureau of Labor Statistics reveals that U.S. inflation slowed marginally in June on an annual basis. The U.S. consumer price index rose 3.0% in June, slightly below economists’ expectations of 3.1%. The core reading, which excludes volatile items like food and energy, also showed a slowdown, increasing by 3.3% year-on-year. Analysts at ING noted that the lower-than-expected CPI figures could increase the likelihood of a rate cut by the Federal Reserve, with chances of a September cut on the rise. This could potentially lead to three rate cuts this year, instead of the…

Anson Funds Pushes Five9 (FIVN) Towards Potential Sale Post Zoom Deal Rebuff By Svea Herbst-Bayliss, Leading Financial Markets Journalist & Top Investment Manager — In a bold move, Anson Funds Management has secured a significant stake in Five9 Inc. (NASDAQ: FIVN), a leading U.S. call center software provider, and is now advocating for the company to consider a sale, according to sources familiar with the matter. This development follows Five9’s rejection of a $14.7 billion acquisition offer from Zoom Video Communications Inc. (NASDAQ: ZM) last year. The proposed acquisition, which would have been paid for in Zoom stock, was declined…