Author: Multibagger News

Congressman Morgan McGarvey Makes Notable Stock Purchases in Delta Air Lines, Interactive Brokers, and NVIDIA – Investing Insights Revealed! Congressman Morgan McGarvey, representing Kentucky’s 3rd congressional district, has recently made significant stock purchases, as per the latest congressional trade report. The report discloses his acquisitions in Delta Air Lines, Inc. (NYSE: DAL), Interactive Brokers (NASDAQ: IBKR) Group, Inc., and NVIDIA Corporation (NASDAQ:). These investments shed light on McGarvey’s strategy of favoring established companies in the aviation, financial services, and technology sectors. The purchases, made through his Individual Retirement Account (IRA) and a joint brokerage account, indicate a diversified approach to…

Breaking News: U.S. Jobs Report Due Friday – Will Fed Cut Interest Rates? The highly anticipated U.S. monthly jobs report is set to be released on Friday, and investors are eagerly awaiting the results to gauge when the Federal Reserve may begin cutting interest rates. Economists are predicting that the U.S. economy added 189,000 jobs in June, a decrease from the previous month’s higher-than-expected gain of 272,000. Leading up to the release of the jobs report, data has indicated a cooling in the country’s labor market. U.S. unemployment benefit claims have increased, and private employers added fewer jobs than anticipated…

Peru Passes Law Introducing Statute of Limitations for Crimes Against Humanity – Impact on Investigations and Human Rights As the world’s best investment manager and financial market journalist, I bring you the latest on Peru’s Congress passing a controversial law introducing a statute of limitations for crimes against humanity. Despite opposition from human rights organizations, the law has been approved in Congress, sparking debate and concerns about ongoing investigations into serious abuses. The law, passed with 15 votes in favor and 12 against, has raised issues about justice and accountability for past human rights violations. The right-wing dominated legislature has…

Title: Dormant Bitcoin Address Worth $6.99 Million Activated After 12.4 Years – What Does This Mean for the Crypto Market? As the world’s top investment manager and financial market journalist, I bring you the latest groundbreaking news: a dormant Bitcoin address containing 119 BTC, valued at $6.99 million, has been activated after 12.4 years. This address, which was only worth $599 in 2012, has seen an incredible gain of 1,166,666%. The activation of long-dormant addresses like this one can have bearish implications for the market. It often indicates that holders are gearing up to sell their assets, potentially causing a…

Representative Lloyd Doggett of Texas’s 37th district recently made significant stock purchases in June 2024, as per the latest congressional trade report. The transactions involved reinvesting in four renowned companies: Home Depot, Inc., International Business Machines Corporation, Johnson & Johnson, and PPG Industries, Inc. Each transaction ranged from $1,001 to $15,000, showcasing Doggett’s substantial investment. These purchases were spread out over ten days, from June 4th to June 13th, 2024. On June 4th, Doggett purchased shares in Johnson & Johnson, a company known for its diverse healthcare product portfolio. This was followed by an investment in IBM on June 10th,…

Investment Manager’s Analysis: Saudi Aid Efforts Hindered by Israeli Closure of Gaza Crossings As the world’s top investment manager and financial market journalist, I bring you an in-depth analysis of the impact of the Israeli closure of Gaza crossings on Saudi Arabia’s humanitarian aid efforts. The closure has severely hampered the delivery of lifesaving food to the people of Gaza, with hundreds of trucks stranded at the borders. Abdullah al Rabeeah, head of the King Salman Humanitarian Aid and Relief Centre, has voiced concerns about the food on these trucks nearing expiry due to the prolonged closure. This has led…

Breaking News: ARK ETFs Make Significant Trades on July 3, 2024 – Tesla Sold, Archer Aviation Bought Cathie Wood’s ARK ETFs have made major moves in their portfolio composition, with a notable shift in trading activities on Wednesday, July 3, 2024. The largest transaction of the day was ARK’s sale of 13,213 shares of Tesla Inc (NASDAQ: TSLA), totaling $3,055,638. This move is part of a continued trend of reducing its stake in the electric vehicle giant over the past week. On the buying side, ARK increased its position in Archer Aviation Inc (NYSE: ARK), purchasing 191,383 shares through its…

How Trump’s Victory Could Impact US Treasury Yields and Your Investments Donald Trump’s win in the US presidential election may lead to a surge in long-term US Treasury yields, as per Edmond de Rothschild Asset Management experts. With plans to impose tariffs on imports, particularly targeting China with tariffs of up to 60%, prices could rise, potentially sparking inflation. Additionally, Trump’s immigration policies, which involve deporting criminals and encouraging millions of immigrants to return to their home countries, could strain the US labor market and economy. This political risk premium could make the long end of the US yield curve…

The White House announced its approval of a two-week humanitarian truce in eastern Democratic Republic of Congo (DRC) amidst ongoing conflict between government forces and Rwanda-backed M23 rebels. With over 1.7 million people displaced in North Kivu province alone, the total number of displaced individuals in Congo has reached a record 7.2 million according to United Nations estimates. The truce, scheduled to begin at midnight local time on Friday and last until July 19, will focus on areas where civilian populations are most affected by the conflict, as stated by the White House. “The recent escalation of violence in North…

The Ultimate Guide to the 2020 Presidential Race: Biden’s Future in Jeopardy? Since the presidential debate, Biden’s family and senior Democratic leaders, including Obama, Clinton, Pelosi, Schumer, Jeffries, and Clyburn, have all supported his candidacy. According to JPMorgan, the next three weeks are critical as substantial deterioration of support from swing states could be a game changer for whether Biden remains in the race. However, if Senate Majority Leader Chuck Schumer or other senior Democrats publicly urge Biden to withdraw, it would signal a serious shift. The move could be driven by concerns over key swing state polls impacting Congressional…