Author: Multibagger News

By Catarina Demony If you thought the glitz and glamour of Harrods was all there was to it, think again. The late Egyptian billionaire Mohamed Al Fayed has been accused of sexually abusing female staff at the luxury Knightsbridge store, with allegations ranging from rape to sexual battery. Lawyers for the victims have shed light on the toxic and abusive environment that existed beneath the surface of this iconic department store. According to Gloria Allred, one of the lawyers representing the alleged victims, the abuse included serial rape, attempted rape, sexual battery, and even abuse of minors, spanning a period…

Dubai, United Arab Emirates, September 20th, 2024, Chainwire As the world’s second-largest cryptocurrency exchange by trading volume, Bybit is taking proactive measures to bolster its security infrastructure against cyber threats. By leveraging cutting-edge AI technology, Bybit successfully protected users’ assets by screening over $1 billion in withdrawal attempts in the first half of 2024, preventing the loss of over $79 million in client funds. With a focus on safeguarding both hot wallets and cold wallets, Bybit has implemented stringent verification processes to scrutinize large transactions and high-risk withdrawals. Despite detecting over $940 million in suspicious cryptocurrency withdrawals, Bybit managed to…

Genmab A/S (NASDAQ:) Receives FDA Approval for RYBREVANT in Lung Cancer Treatment – Analysts Maintain Buy Rating and $50.00 Price Target In a recent development, H.C. Wainwright has reaffirmed its Buy rating and $50.00 stock price target for Genmab A/S (NASDAQ:) following the FDA approval of RYBREVANT (amivantamab-vmjw) for the treatment of a specific type of lung cancer. The approval, in conjunction with chemotherapy, is for adult patients with advanced or metastatic non-small cell lung cancer (NSCLC) who have certain EGFR mutations and have progressed after treatment with an EGFR-targeted tyrosine kinase inhibitor (TKI). The FDA’s decision was based on…

B Riley Analysts Review: Snap and Reddit’s Investment Potential – What You Need to Know Snap’s Growing Audience and Revenue Streams B Riley analysts have recently initiated their coverage on Snap Inc. (NYSE: SNAP), highlighting the platform’s potential for substantial growth in advertising and subscription revenue. Snap’s sizable audience positions it well to capitalize on these revenue streams and enhance profitability. Key Insights: Direct-Response Advertising: Analysts expect this marketing strategy, which prompts users to take immediate action, to be the primary growth driver in the short term. Brand Advertising: Growth in brand-specific ads might lag due to competition from other…

Best Investment Manager Predicts: U.S. Federal Reserve to Cut Rates by 25 Basis Points in November and December – Expert Analysis by Indradip Ghosh In a snap Multibagger poll of over 100 economists, a strong majority believe that the Federal Reserve will cut the federal funds rate by 25 basis points in both November and December. This comes after the central bank started cutting rates with a half-percentage-point reduction to keep unemployment low and inflation easing back toward the 2% target. While this week’s half point cut was mostly expected, the latest survey suggests that the central bank will reach…

Hut 8 Mining Corp. (NASDAQ:HUT) Secures Major Hosting Agreement with Bitmain, H.C. Wainwright Maintains Buy Rating and $13.50 Price Target H.C. Wainwright reaffirms its Buy rating and $13.50 stock price target for Hut 8 Mining Corp. (NASDAQ:HUT) after the company announces a significant hosting agreement with Bitmain. The deal involves deploying up to 15 EH/s of Bitmain’s cutting-edge ASIC miner, the U3S21EXPH, at Hut 8’s new 205 MW site in Texas. This strategic move is expected to boost Hut 8’s mining capabilities with the new technology’s enhanced efficiency. According to H.C. Wainwright’s analysis, the hosting contract could potentially generate around…

Federal Reserve Easing Cycles and Market Impacts: What Investors Need to Know Investing.com — Bank of America analysts have recently shed light on the intricate dynamics of Federal Reserve (Fed) easing cycles and their subsequent effects on the stock market. This analysis is crucial for investors seeking to navigate the complex landscape of market movements. Key Insights from Bank of America: Beyond First Rate Cuts: The analysts emphasize that focusing solely on the buy or sell decision after the first Fed rate cut is misguided. Historical comparisons of easing cycles can be deceptive, as each cycle presents unique characteristics. S&P…

The Ultimate Guide to Germany’s Far-Right Far-Right Party Challenge on Olaf Scholz’s Social Democrats in Brandenburg Election In this in-depth analysis by the top investment manager and financial market journalist, Thomas Escritt, we delve into the upcoming regional election in Brandenburg, Germany, where the far-right party, Alternative for Germany (AfD), is poised to challenge Olaf Scholz’s Social Democrats (SPD). Despite the SPD’s long-standing rule in Brandenburg, recent polls show the AfD with a slight lead, fueled by their nationalist demands and the federal government’s unpopularity. The outcome of this election could have far-reaching implications for Scholz’s political future and the…

Susquehanna Downgrades Endava PLC (NYSE: DAVA) Shares with Positive Outlook Despite Market Challenges Susquehanna recently adjusted its outlook on Endava PLC shares, reducing the price target to $55 from $66 while maintaining a Positive rating. The company faces challenging demand and decision-making processes in the industry, but signs of market stabilization are emerging. Endava’s CEO acknowledges market difficulties and margin pressures due to restructuring costs, but optimism remains for future growth. Despite a weaker British Pound to U.S. Dollar exchange rate, Susquehanna remains positive about Endava’s prospects in the application development sector. The new $55 price target is based on…

Breaking News: iPhone 16 Resale Prices Collapse Within Hours of Trading, Jefferies Report Reveals In a shocking turn of events, iPhone 16 resale prices plummeted on the first day of shipment, with dealers in the Mongkok area halting purchases of most models by early afternoon. This stark contrast to last year’s performance of the iPhone 15 indicates a potential decline in demand in China, according to Jefferies analysts. Apple Inc’s new iPhones are likened to stocks in Hong Kong during the initial weeks of shipments, as the city serves as a major hub for smartphone resale markets. However, the launch…