Author: Multibagger News

BYD Faces Consumer Backlash in Thailand Over EV Discounts: What Investors Need to Know By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Multibagger) – Thailand’s consumer protection agency has received around 70 complaints since launching an investigation into aggressive discounting by BYD (SZ:) dealers. This has resulted in some customers feeling deceived by the price drops on their Chinese electric vehicles. Prime Minister’s Intervention: Prime Minister Srettha Thavisin has urged BYD’s Chief Executive Wang Chuanfu, who was in Thailand for the opening of BYD’s first Southeast Asian factory, to better manage customer expectations and ensure local buyers are protected. Wang assured…

Breaking News: U.S. Stock Futures Edge Up as Economy Softens, Rate Cut Hopes Rise – Key Employment Report Awaited Post July 4th Holiday As the week comes to a close, U.S. stock index futures see a slight uptick amidst signs of a weakening economy, fueling expectations of a potential interest rate cut in September. Investors eagerly await a crucial Labor Department report, scheduled for release at 8:30 a.m. ET, which is projected to reveal a rise of 190,000 non-farm payrolls in June. The unemployment rate is anticipated to hold steady at 4%, with average hourly earnings expected to increase by…

By Elizabeth Piper As the dust settles on the Conservative Party’s devastating election defeat to Labour, the party is now grappling with internal turmoil and soul-searching. After 14 years in power, marked by chaos and division over Brexit, the Conservatives are at a crossroads – should they move further to the right or return to the center? Labour’s landslide victory has left the Conservatives reeling, with calls for Prime Minister Rishi Sunak to resign as party leader. The power struggle that follows will determine the party’s future and its ability to rebuild from a weakened state. Amidst the leadership vacuum,…

“UBS Downgrades Goodman Group to Sell, Raises Price Target: Is the Stock Overvalued? Analysis and Forecast for Investors” As the world’s best investment manager and financial market journalist, I bring you the latest update on Goodman Group (GMG:AU) (OTC: GMGSF). UBS has revised its stance on the stock, downgrading it from Neutral to Sell while increasing the price target to AUD31.71. This adjustment reflects the firm’s recognition of Goodman Group’s strong EPS growth potential, driven by its focus on data centre developments. However, UBS has expressed concerns about the stock’s current market valuation, perceiving it to be trading at a…

Alaska Challenges Federal Regulations on Oil and Gas Leasing in NPR-A | Investment Manager Analysis (Multibagger) – The state of Alaska on Wednesday said it has filed a lawsuit challenging new federal regulations imposed for oil and gas leasing in the National Petroleum Reserve-Alaska (NPR-A). In April, President Joe Biden’s administration took steps to limit both oil and gas drilling and mining in Alaska. The regulations blocked development on 40% of NPR-A to protect wildlife habitat and indigenous communities’ way of life, but did not affect existing oil and gas operations. “The new rules were passed without proper input from…

UK Homebuilder Stocks Surge Following Labour Party’s Election Triumph: A Golden Opportunity for Investors Investing.com — British homebuilder stocks soared on Friday, driven by optimistic expectations that the Labour Party will fulfill its campaign pledge to build over a million homes after a decisive victory in the recent U.K. parliamentary election. Key Takeaways Barratt Developments (LON: BDEV) and Taylor Wimpey (LON: TW) saw their shares climb over 2%. Persimmon (LON: PSN) experienced an even more significant jump, with shares rising by over 4%. Labour, under the leadership of Keir Starmer, secured 411 of the 650 parliamentary seats, marking the end…

Federal Reserve Chair’s Testimony and U.S. Inflation Data: What to Expect in the Markets Next Week As the world’s top investment manager and financial market journalist, I am here to provide you with an exclusive preview of what’s to come in the financial world next week. With Federal Reserve Chair Jerome Powell’s testimony and U.S. inflation data taking center stage, along with earnings reports from U.S. banks and rate decisions in New Zealand and South Korea, there is a lot to keep an eye on. In addition, the political landscape is also heating up with France’s upcoming election following closely…

Breaking News: Supreme Court Justice Amy Coney Barrett’s Strategy for Compromise Revealed Are you ready to learn the secrets of how the U.S. Supreme Court can promote compromise? In a recent public appearance, Justice Amy Coney Barrett shared her thoughts on issuing narrower rulings to encourage collaboration. This approach was put into action in a landmark ruling that granted former President Donald Trump immunity from prosecution for official acts. However, Barrett’s refusal to fully endorse the opinion reflects tensions within the conservative bloc. Analysis: Justice Barrett’s preference for narrower rulings and moderate paths could impact future Supreme Court decisions, leading…

Softcat Stock Downgraded to “Underperform” by Jefferies Analyst – What Investors Need to Know In a surprising move on Friday, Jefferies downgraded its rating on Softcat Plc. stock from “Buy” to “Underperform.” This decision comes as a result of a discrepancy between the company’s current valuation and its future earnings growth potential. The analyst at Jefferies has revised the price target for Softcat to GBP14.90, down from the previous target of GBP19.50. The main reason behind this downgrade is the forecast for Softcat’s earnings before interest and taxes (EBIT) for the fiscal years 2025 and 2026. The consensus expectations for…

As the U.S. dollar retreats and sterling edges higher, investors are closely watching the upcoming monthly jobs report and the impact of the U.K. general election results. The Dollar Index is trading lower, signaling a potential shift in the markets. Dollar Slips Ahead of Payrolls The dollar’s decline comes as traders anticipate the release of the official jobs report, which could provide insights into potential interest rate cuts by the Fed. With a cooling U.S. economy and expectations of a rate cut in September, investors are preparing for possible market shifts. Sterling Gains on Electoral Certainty Meanwhile, sterling’s rise follows…