Author: Multibagger News

President Biden’s Press Conference Sparks Surge in Campaign Donations ABOARD AIR FORCE ONE – In a statement made by campaign spokesperson Michael Tyler, it was revealed that donations to President Joe Biden’s reelection campaign saw a significant increase during and after the president’s highly anticipated press conference on Thursday. Tyler shared that there has been a surge in support from their coalition since the event. This development highlights the impact of public appearances and media coverage on political fundraising efforts. The ability to engage and resonate with the audience can lead to a boost in financial support for political campaigns.…

Bitcoin ETFs Pour $95.82 Million Into Bitcoin: Are We Heading to $60,000? The cryptocurrency market’s recovery has attracted a wave of inflows, from retail to institutional investors. Companies are diving back into the market, anticipating a strong rebound. Recent data shows that nine ETFs have added 1,661 BTC, totaling $95.82 million. Fidelity alone added 1,006 Bitcoin, worth $58 million, to their holdings of 174,437 Bitcoin, valued at $10 billion. This surge in investments reflects Fidelity’s positive outlook on Bitcoin’s growth potential. On the other hand, Grayscale’s Bitcoin Trust saw a decrease of 659 BTC, amounting to $38 million. Despite this…

Stifel Raises Price Target for Nurix Therapeutics (NRIX) to $30, Maintains ‘Buy’ Rating Stifel has adjusted its outlook for Nurix Therapeutics Inc. (NASDAQ:NRIX), increasing the price target to $30 from $27 while maintaining a ‘Buy’ rating. The revision comes after the company’s second-quarter fiscal year 2024 earnings report and corporate update, which met expectations. The firm sees upcoming data as a potential boost for Nurix, especially the disclosure of dose-escalation data for NX-5948, a treatment for Chronic Lymphocytic Leukemia (CLL) and Non-Hodgkin Lymphoma (NHL) expected by the end of calendar year 2024. This data is anticipated to strengthen existing efficacy…

Rudy Giuliani’s Bankruptcy Dismissal: What It Means for Investors and Financial Markets By Dietrich Knauth (Multibagger) – In a pivotal legal development, a U.S. judge has ended the bankruptcy protection of Rudy Giuliani, enabling a slew of lawsuits for defamation, sexual harassment, and other claims to proceed against Donald Trump’s former lawyer. This move has significant implications for both Giuliani’s financial standing and the broader legal landscape. Key Details of the Ruling: Judge’s Decision: U.S. Bankruptcy Judge Sean Lane in White Plains, New York, terminated Giuliani’s bankruptcy and barred him from filing for bankruptcy again for one year. Background: Giuliani,…

By Daniel Wiessner A New York federal judge has ordered Amazon.com to comply with a subpoena from a U.S. civil rights agency investigating claims of discrimination against pregnant warehouse workers. U.S. District Judge Lorna Schofield rejected Amazon’s claims that the Equal Employment Opportunity Commission (EEOC) subpoena was too broad and sought irrelevant information. The EEOC is seeking data on requests that pregnant workers at five U.S. warehouses made for accommodations such as limits on heavy lifting and additional breaks, and whether Amazon granted or denied them. Amazon has cooperated with the investigation since it began three years ago and disagrees…

“Exclusive: Top Democrat Urges Biden to Step Aside, Impact on Markets and Your Investments” As the world’s best investment manager and financial market journalist, I have uncovered a groundbreaking development in U.S. politics that could have a major impact on your investments. Democratic Representative Mike Levin has publicly called on President Joe Biden to end his re-election bid, citing the need for new leadership. During a virtual meeting, Levin directly confronted Biden and urged him to step aside for someone else to lead. This news has the potential to shake up the financial markets and could affect the value of…

Legendary Bitcoin Trader Peter Brandt Issues Must-Know ETF Insight | U.Today In a recent advisory, trading legend Peter Brandt warns against leveraged and inverse exchange-traded funds (ETFs), likening them to gambling. With over 50 years of market experience, Brandt emphasizes the importance of sound risk management and strategic investing. Brandt’s perspective sheds light on the speculative nature of leveraged and inverse ETFs, which often attract investors seeking quick profits. He advises caution when dealing with these instruments, recommending a more conservative approach to risk. Fortunately, not all ETFs fall into this risky category. For example, Bitcoin ETFs are considered a…

On Friday, CFRA made an adjustment to the financial outlook for Wells Fargo (NYSE: WFC), reducing the price target to $68 from the previous $70 while still holding a Buy rating on the bank’s shares. The firm’s analyst cited a lowered earnings per share (EPS) forecast for 2024 and 2025 as a key reason for the adjustment. The new 12-month price target of $68 is derived from a multiple of 12.2 times the firm’s 2025 EPS estimate, which is notably below the 10-year historical average of 15.3 times. This reduction reflects tempered expectations for net interest income. The EPS forecast…

U.S. Election and Geopolitical Uncertainty: What Top Banking Executives Are Saying and How It Impacts Your Finances (Multibagger) – As we approach the U.S. election and navigate through a labyrinth of geopolitical uncertainties, banking executives are closely monitoring these factors to guide their clients’ business decisions for the forthcoming quarters. U.S. President Joe Biden is under pressure to reconsider his re-election campaign following a lackluster debate performance against Republican contender Donald Trump last month. This political tension is just one aspect among several that are influencing corporate strategies. Here’s a breakdown of what the top brass at major banks had…

Canada’s Defense Spending Commitment Could Push Country Deeper Into Deficit, Economists Warn As the world’s best investment manager and financial market journalist, I am here to break down the latest news on Canada’s promise to increase defense spending to 2% of GDP by 2032. Prime Minister Justin Trudeau’s commitment to this target has been met with mixed reactions, with economists warning that meeting this commitment could push Canada further into deficit or require major spending cuts. Currently, Canada spends around 1.4% of its GDP on defense, and with the additional pressure to reach the 2% target, tough choices lie ahead.…