Author: Multibagger News

BYD Acquires 20% Stake in Thai Distributor Rever Automotive, Accelerating EV Market Dominance In a strategic move, China’s BYD has acquired a 20% stake in Rever Automotive, its key distributor in Thailand, solidifying its position as the leading electric vehicle (EV) brand in the country. The partnership aims to boost the adoption of EVs and drive Thailand towards a sustainable future. BYD’s recent establishment of a $490 million factory in Thailand with a capacity to produce 150,000 vehicles annually marks a significant milestone in its expansion in Southeast Asia. With over 100 showrooms in Thailand, Rever Automotive has been instrumental…

Biden 2024: How His Re-Election Could Transform Energy Stocks and Your Financial Future President Joe Biden has announced his bid for re-election, and the potential for a second term could have far-reaching impacts on various sectors, particularly energy. For investors, understanding the implications of a Biden 2.0 presidency on energy stocks is essential. The Biden administration’s strong focus on climate change, renewable energy, and regulatory modifications could greatly influence market dynamics. Biden vs. Trump: A Tale of Two Energy Policies Biden’s energy policies stand in stark contrast to those of the Trump administration, which prioritized deregulation and fossil fuel support.…

World’s Best Investment Manager Reveals: S&P 500 Earnings Growth Forecast for 2025 As we enter the second half of 2024, market participants are reevaluating their expectations for earnings growth not just for this year, but also for 2025. Analysts on Wall Street are predicting a robust 14.5% earnings-per-share (EPS) growth for S&P 500 companies in 2025, following an anticipated 10.6% growth for this year. Yardeni Research analysts highlight that all 11 sectors of the S&P 500 are expected to experience earnings growth in 2025, along with all but 7 of the 135 S&P 500 industries. This widespread growth has been…

S&P 500 Earnings Surge: What Investors Need to Know About 2025’s Forecast As we kick off the second half of 2024, market participants are recalibrating their expectations for earnings growth, not just for this year but for 2025 as well. According to Wall Street analysts, the S&P 500 companies are poised for a robust 14.5% earnings-per-share (EPS) growth in 2025. This anticipated growth marks an impressive follow-up to the expected 10.6% growth for 2024. Yardeni Research’s Projections Yardeni Research, a prominent financial research firm, offers a slightly more conservative perspective. They forecast an S&P 500 EPS growth of 12.1% for…

Breaking News: President Joe Biden Defiantly Rejects Calls to Step Aside in Face of Concerns Over Age – What This Means for the Financial Markets By Stephanie Kelly and Nandita Bose In a bold move, U.S. President Joe Biden has refused to bow out of the presidential race against Republican opponent Donald Trump, despite growing concerns within his own party about his age. Biden, 81, delivered a passionate speech in Madison, Wisconsin, declaring his intention to run and win again, asserting that he is the best candidate to defeat Trump in the upcoming election. However, Biden’s lackluster performance in a…

Biden Addresses Concerns About Debate Performance and 2024 Candidacy – What Does This Mean for the Financial Markets? US President Joe Biden recently appeared on ABC News to discuss his debate performance and his plans for the 2024 presidential race. The interview, which aired during prime time, followed a debate with former President Donald Trump that raised questions about Biden’s leadership abilities and chances for a second term. Despite some Democratic officials and donors suggesting he step aside for a younger candidate, Biden confidently declared at a rally in Wisconsin that he is “running and going to win.” He also…

"ASML’s Former CEO Speaks Out: U.S.-China Chip War Driven by Ideology, Not Facts" AMSTERDAM (Multibagger) – In a recent interview with Dutch radio station BNR, the retired CEO of semiconductor equipment giant ASML, Peter Wennink, made waves by asserting that the ongoing U.S.-China disputes over computer chips are rooted in ideology rather than factual concerns. According to Wennink, these conflicts are set to persist for decades, impacting the global semiconductor industry. Wennink, who stepped down in April after a decade of leading ASML to become Europe’s largest tech firm, highlighted the increasing constraints the U.S. has imposed on ASML’s ability…

Breaking News: Indian Government to Present First Union Budget for Fiscal Year 2024-2025 on July 23rd In a recent announcement on social media platform X, Kiren Rijiju, Minister of Parliamentary Affairs, revealed that the newly elected Indian government will be presenting its first union budget in the lower house of parliament on July 23rd. This budget will be for the fiscal year 2024-2025. This news is crucial for investors and financial market participants as it will provide insights into the government’s economic policies and priorities for the upcoming fiscal year. With the global economy facing uncertainties and challenges, understanding the…

CPAC Brasil 2024 Rally Led by Former Brazilian President Bolsonaro to Shape Right-Wing Future By Anderson Coelho BALNEARIO CAMBORIU, Brazil (Multibagger) – Former Brazilian far-right President Jair Bolsonaro will lead a rally of conservative supporters on Saturday to drum up support for allied candidates in this year’s municipal elections and project his influence ahead of the 2026 presidential race. The CPAC Brasil 2024 event at the beach resort of Balneario Camboriu in Southern Brazil is slated as the first major opposition rally of the campaign for local mayoral elections in October. It will also have a regional dimension with the…

The Unstoppable Rise of Uranium: Why Analysts Are Bullish on Nuclear Energy In a recent report, analysts at Alpine Macro and BCA Research have declared a “super-cycle bull market” for uranium, signaling a major shift in the global energy landscape. This comes as the world is moving back towards nuclear energy as a reliable source of clean power. After the challenges faced by the industry post-Fukushima, including reactor closures and depressed prices, a perfect storm of factors is now driving uranium into a new era. The need for clean energy with reliable baseload generation has become paramount, making nuclear energy…