Author: Multibagger News

China’s Exports Surge Amid Tariff Threats: What Investors Need to Know By Joe Cash BEIJING (Multibagger) – China’s exports are expected to have grown at the fastest pace in fifteen months in June, as manufacturers rush shipments to beat impending tariffs from key export markets. Trade data set to be released on Friday is projected to show an 8.0% year-on-year increase in exports, up from 7.6% in May. Imports are also anticipated to have grown by 2.8% last month, indicating increased purchases of parts for export goods. The stronger-than-expected export growth comes as a welcome development for China’s economy, which…

Sunrun Inc CFO Sells Shares: What Does It Mean for Investors? Sunrun Inc (NASDAQ:) CFO, Danny Abajian, recently sold 4,662 shares in the company. This transaction, which occurred on July 8, 2024, was valued at approximately $58,839. The sale was part of a pre-arranged plan to cover tax obligations related to the settlement of vested restricted stock units. Abajian still holds a significant stake in the company, with 283,098 shares of common stock. In addition to the sale, Abajian reported transactions coded as “G,” indicating gifts or transfers of ownership without monetary exchange. These transactions involved 4,838 shares each. Sunrun…

Microsoft Steps Back from OpenAI Board Observer Role Amid Regulatory Scrutiny By Foo Yun Chee BRUSSELS (Multibagger) – In a strategic move to address regulatory concerns, Microsoft has relinquished its board observer seat at OpenAI, citing significant improvements in the AI start-up’s governance over the past eight months. The Shift in Board Dynamics According to a report by the Financial Times, Apple (NASDAQ:) was also anticipated to take up an observer role on OpenAI’s board but has since decided against it. Apple has not provided any comments regarding this decision. Microsoft (NASDAQ:) initially occupied a non-voting observer position on OpenAI’s…

Chinese Inflation Disappoints in June, Paving the Way for Further Monetary Policy Easing Chinese inflation fell short of expectations in June, signaling a need for the People’s Bank of China to implement additional monetary stimulus, potentially through interest rate cuts. Consumer spending remained lackluster, contributing to the subdued inflation numbers. The PBOC had previously lowered its reserve requirement ratio (RRR) in February, but analysts at ING believe that further interest rate cuts are necessary to support the economy. They predict that the central bank may implement 1-2 rate cuts in the second half of the year, especially if the U.S.…

Expensify CFO Ryan Schaffer Executes Significant Stock Transactions – What Does This Mean for Investors? Expensify, Inc. (NASDAQ:EXFY), a leading provider of prepackaged software solutions, saw its Chief Financial Officer, Ryan Schaffer, make a noteworthy move in the stock market on July 9, 2024. Schaffer sold 75,000 shares of Class A Common Stock at $2.00 per share, totaling $150,000, and purchased 75,000 shares at $0.97 each, amounting to $72,750 on the same day. These transactions were carried out under a Rule 10b5-1 trading plan, allowing insiders like Schaffer to schedule their stock transactions in advance without access to confidential information.…

Gold prices saw a slight increase in Asian trade on Wednesday following comments from Federal Reserve Chair Jerome Powell that sparked speculation about potential interest rate cuts by the central bank. Meanwhile, copper prices took a hit as mixed inflation signals from China caused a drop in prices after a recent recovery. Gold had been gaining strength in recent sessions as the US dollar weakened amid expectations of a rate cut in September. However, the precious metal’s rally stalled as the Fed did not provide clear signals on the future path of interest rates. Gold futures rose 0.2% to $2,367.73…

By Leika Kihara TOKYO (Multibagger) – The Bank of Japan is expected to slightly lower its economic growth forecast for this year in July but maintain its inflation target of around 2% in the upcoming years, sources revealed. This move keeps the possibility of an interest rate hike later this month alive. During its next policy meeting on July 30-31, the central bank will unveil new quarterly growth and price projections and deliberate on whether to increase rates from their current near-zero levels. According to three sources familiar with the matter, a rare unscheduled revision to Japan’s historical GDP data…

Expensify CEO David Barrett Sells $25K Worth of Company Stock: What It Means for Investors and Market Performance Expensify, Inc. (NASDAQ:EXFY) CEO David Barrett has recently sold 12,270 shares of company stock at an average price of $2.06, totaling $25,276. These sales were part of a pre-arranged trading plan executed on July 9, 2024. Despite this, Barrett still retains a significant number of shares, with 1,778,003 shares indirectly owned and 218,680 shares owned directly. As an expert financial market journalist, I can confirm that insider sales like these can provide valuable insights into an executive’s perspective on the company’s valuation…

Investing.com– Most Asian currencies showed minimal movement on Wednesday as the dollar strengthened following Federal Reserve Chair Jerome Powell’s ambiguous stance on interest rate cuts. The New Zealand dollar experienced the most significant decline of the day after the Reserve Bank of New Zealand adopted a slightly dovish tone during its meeting. Dollar stabilizes after Powell’s speech; Eyes on CPI Data The and rebounded in Asian trading after Powell hinted at a cooling labor market and progress towards reducing inflation. Powell emphasized that any decisions regarding interest rates would be data-driven and reiterated the Fed’s commitment to achieving a 2%…

New Zealand Central Bank Holds Interest Rates Steady at 5.5%, Signals Potential Easing Ahead In a surprising move, the Reserve Bank of New Zealand (RBNZ) decided to keep the cash rate unchanged at 5.5% in their latest meeting. However, the central bank hinted at a possible loosening of monetary policy in the future if inflation slows as expected. The RBNZ’s statement was more dovish than anticipated, leading to a 0.74% drop in the New Zealand dollar against the US dollar. This shift in tone has prompted economists to predict a potential rate cut as early as November, with two-year swap…