Author: Multibagger News

Shocking June Performance: Value Funds Plunge While Growth Funds Hold Steady – What This Means for Your Investments Bank of America Report: June Fund Performance Analysis Bank of America’s latest report reveals a significant shift in global fund performance for June. Value funds experienced a median decline of 0.88% compared to their benchmarks, with only 24% outperforming. This is a noteworthy change given that, year-to-date (YTD), 52% of Value funds have managed to outperform their benchmarks, boasting a median YTD return of 0.27%. Growth Funds: Better, But Not Great Interestingly, Growth funds fared slightly better in June. Nearly half (49%)…

Global Investors Flock to Equity Funds on Expectations of U.S. Rate Cuts – Weekly Market Update In a recent surge of market activity, global investors have poured into equity funds, driven by the anticipation of U.S. rate cuts following a slew of weaker economic indicators and dovish remarks from Federal Reserve Chair Jerome Powell. According to LSEG data, a net total of $15.41 billion was invested in global equity funds during the week, marking a significant increase from the prior week’s $21.08 billion influx. The recent downturn in U.S. economic reports, particularly in the manufacturing and services sectors, coupled with…

Joe Biden to Participate in Television Interview with George Stephanopoulos in Madison, Wisconsin In a highly anticipated event, U.S. President Joe Biden will be appearing on a television interview with ABC News’s George Stephanopoulos in Madison, Wisconsin. This interview comes after Biden’s recent debate performance against former president Donald Trump, which received mixed reviews. Biden’s visit to Madison, a key swing state, aims to rally Democratic voters and show Americans that he is still a strong contender in the upcoming election. With mounting pressure from donors and political allies questioning his health and ability to run against Trump, Biden is…

Hamilton, Bermuda, July 5th, 2024, Chainwire As the world’s leading investment manager and financial market journalist, I am thrilled to report on the incredible success of HashKey Global, a licensed digital asset exchange. In a groundbreaking milestone, HashKey Global has achieved profitability within its first month of operation and has secured a spot among the top 10 global exchanges on Coingecko. Unprecedented Growth in Trading Volume & User Base In June, HashKey Global experienced a remarkable 15.31% increase in daily trading volume, surpassing $401.6 million USD. The Genesis Trading Campaign attracted a record number of 4,476 users, marking a 62%…

Title: Federal Reserve Officials Remain Cautious on Interest Rate Hikes, Impact on Investors Investing.com — In a recent statement, New York Fed President John Williams highlighted that the Federal Reserve still believes there is more work to be done in controlling inflation before considering a decrease in interest rates. Despite progress in managing price growth, inflation remains above the target level of 2%. During the June policy meeting, Fed officials expressed hesitance in lowering interest rates until they see further evidence of decreasing inflation. The Fed now anticipates only one rate cut this year, compared to previous expectations of up…

The Impact of Labor Market Data on U.S. and Global Markets As the U.S. markets return from the Independence Day holiday, they are met with significant cooling in the labor market. This has caused the dollar to decline for the fourth consecutive day, hitting its lowest point in three weeks. On the other hand, British markets are rallying due to the predicted landslide victory for the UK’s Labour Party in Thursday’s elections. The soft labor market indicators from Wednesday, such as weekly jobless claims and private sector hiring, have all missed forecasts, painting a picture of weakening growth. The U.S.…

Epic Games vs. Apple: The Battle for Control of the iOS App Ecosystem Intensifies in Europe In a dramatic escalation of their ongoing conflict, "Fortnite" creator Epic Games has accused Apple (NASDAQ: AAPL) of obstructing its efforts to launch the Epic Games Store on iPhones and iPads in Europe. This latest clash underscores the intensifying battle over control of the iOS app ecosystem, as Epic Games claims that Apple is unfairly rejecting its app store submission. Key Points of Contention: Apple’s Rejection: Epic Games reported that Apple has twice rejected the necessary documentation for launching the Epic Games Store. The…

EU Tariffs on Chinese EVs: Impact on Car Manufacturers and Consumers As the European Union’s additional duties on Chinese electric vehicles (EVs) come into effect, carmakers are faced with the decision of whether to raise prices or explore other options. Tesla is the first to announce price increases, while brands like MG and NIO are considering similar moves later this year in Europe. Analysts predict that manufacturers producing in China will likely pass on some of the extra costs to consumers. The provisional tariffs, set to become definite in November, have sparked responses from various carmakers: BYD: The Chinese carmaker…

Read on to learn about the destructive impact of Hurricane Beryl on the Caribbean islands and how climate change is leading to more frequent and severe storms. Stay informed about the potential financial implications of these natural disasters. GENEVA (Multibagger) – Hurricane Beryl caused devastating damage in several Caribbean islands, the International Federation of Red Cross and Red Crescent Societies (IFRC) said on Friday as the Category 3 storm churned towards Mexico’s Yucatan Peninsula. Storms of a similar magnitude to the unusually fierce early season hurricane are expected to become more common due to the effects of climate change, said…

As the price of Bitcoin dropped over 10% since July 3rd, hitting a low of $53,600 before bouncing back slightly, related stocks in the cryptocurrency market also saw a decline on Friday morning. Microstrategy, Inc. (NASDAQ:) Coinbase (NASDAQ:) Marathon Digital Holdings (NASDAQ:) Riot Platforms (NASDAQ:) Cipher Mining (NASDAQ:) Iris Energy (IREN) Hut 8 Mining Corp (HUT) Bitfarms (BITF) Core Scientific (CORZ) Analysis: The recent dip in Bitcoin price has affected the overall cryptocurrency market, leading to a decline in related stocks as well. Investors should closely monitor the situation and consider their investment strategies accordingly. It is important to stay…