Author: Multibagger News

Palisade Bio, Inc., a leading biopharmaceutical company, recently held its annual meeting of stockholders to vote on crucial matters such as the election of directors and the ratification of the company’s independent registered public accounting firm. Shareholders elected three directors – J.D. Finley, Donald Williams, and Margery Fischbein – to serve until the 2025 annual meeting or until their successors are appointed. The votes for each director were as follows: 141,074 for Finley, 139,029 for Williams, and 142,588 for Fischbein. There were also votes withheld for each director, with 11,984 for Finley, 14,029 for Williams, and 10,470 for Fischbein. Additionally,…

Asian Currencies Dip as Dollar Strengthens Ahead of Powell Testimony In the latest market update, most Asian currencies are facing downward pressure as the dollar gains strength before Federal Reserve Chair Jerome Powell’s testimony. The yen is also struggling near 38-year lows, adding to the overall sentiment of uncertainty in the region. The concern over new European import tariffs on China is adding to the anxiety, with fears of retaliatory measures and a potential trade war looming. The market is closely watching Powell’s testimony and upcoming economic data for more clarity on the situation. The Japanese yen is particularly fragile,…

Wolfe Research Raises NVIDIA (NVDA) Price Target to $150 per Share by 2025 In a recent note, renowned investment firm Wolfe Research has increased their price target for NVIDIA (NVDA) to $150 per share by 2025. This decision comes after positive supply chain checks revealed strong growth potential for the company in the upcoming calendar year. The report from Wolfe Research indicates a promising path to 50%+ content growth for NVDA GPUs in 2025, driven by the transition to Nvidia’s new Blackwell platform. This shift is expected to result in better average selling prices (ASPs) and an improved product mix.…

Japan’s Nikkei Hits Record High Amid Global Market Anticipation for Fed Rate Decision By Stella Qiu — SYDNEY (Multibagger) – In a remarkable turn of events, Japan’s Nikkei index soared to a record high on Tuesday, driven by robust semiconductor shares. Meanwhile, global investors are on edge, eagerly awaiting Federal Reserve Chair Jerome Powell’s stance on potential rate cuts, following new evidence of a cooling U.S. labor market. European and U.S. Markets Await Fed Decision European markets are poised for a cautious open, with EUROSTOXX 50 futures down 0.3% and FTSE futures remaining flat. Across the Atlantic, S&P 500 futures…

Investment Manager’s Insight: South Korea’s Central Bank Considers Trade-offs for Future Monetary Policy In a recent parliamentary session, Governor Rhee Chang-yong of South Korea’s central bank discussed the challenges of balancing disinflation, growth, and financial stability in future monetary policy decisions. Despite positive signs, disinflation is expected to persist, alongside rising household debt and increased volatility in foreign exchange markets. The Bank of Korea is likely to maintain its policy rate at a 15-year high of 3.50% on Thursday and throughout the third quarter of 2024. A 25-basis-point cut is anticipated in the final quarter, coinciding with potential policy easing…

Trump Predicts Biden Will Stay in Race Despite Calls to Step Aside Republican presidential candidate Donald Trump believes President Joe Biden will not bow out of the White House race, despite increasing pressure from within his own Democratic Party to make way for a younger nominee. In a recent interview, Trump, 78, suggested that Biden, 81, is unlikely to give up his candidacy due to his ego and the fact that he has secured the Democratic nomination with the support of convention delegates from earlier primaries. Throughout the interview, Trump emphasized Biden’s delegate advantage and speculated that the only way…

Discover why Kinetik Holdings Inc. (NYSE:KNTK) is gaining attention from top financial firms and analysts with a positive outlook and strategic transactions that are set to boost its stock price. Mizuho Securities reinstated coverage on Kinetik with an Outperform rating and a new price target of $47.00, highlighting the company’s recent moves to streamline operations and enhance its presence in the energy sector. Key Strategic Transactions and Outlook Kinetik’s recent strategic transactions are expected to accelerate debt reduction and establish a path to a run-rate EBITDA of around $1 billion per year by 2025. The acquisition of Durango positions Kinetik…

Breaking News: Asian Stocks Rise on Expectations of Lower U.S. Interest Rates, Japan’s Nikkei Hits Record High In today’s market update, most Asian stocks saw gains as investors bet on lower U.S. interest rates. Japan’s Nikkei 225 index reached a new all-time high, fueled by tech gains and foreign buying. However, Chinese markets lagged due to ongoing trade war concerns. The positive market sentiment in Asia was influenced by Wall Street’s record highs, with tech stocks leading the way. Investors are eagerly awaiting Federal Reserve Chairman Jerome Powell’s testimony for hints on future rate cuts, as recent data suggests a…

Federal Judge Resigns Amid Scandal: What Investors Need to Know By Nate Raymond (Multibagger) – An alarming development has surfaced in the judiciary, with U.S. District Judge Joshua Kindred resigning amid allegations of creating a hostile work environment and engaging in inappropriate relationships. The 9th Circuit Judicial Council’s public reprimand sheds light on a significant breach of ethical conduct that extends beyond the courtroom, potentially impacting investor confidence and market stability. Key Points: Judge’s Resignation: Judge Joshua Kindred, appointed by former President Donald Trump, resigned abruptly following severe allegations. Hostile Work Environment: Kindred allegedly used inappropriate language and shared personal…

SYDNEY – In a recent survey by the National Australia Bank (NAB), Australian business conditions deteriorated in June, particularly impacting the outlook for employment. However, there was a slight increase in overall business confidence as cost pressures eased. The NAB survey revealed that the index of business conditions dropped by 2 points to +4, falling below its long-term average. On the other hand, the index of business confidence saw a 6-point increase to +4, with improvements noted in the manufacturing and wholesale sectors. Specifically, the index of employment fell by 6 points to 0, indicating a challenging labor market. Sales…