Author: Multibagger News

Israel’s Mossad Spy Agency Planted Explosives in 5,000 Pagers to Target Hezbollah – Exclusive Report! In a shocking turn of events, Israel’s Mossad spy agency has been revealed to have orchestrated a covert operation targeting Hezbollah by planting explosives in 5,000 Taiwan-made pagers. The detonations that followed resulted in nine fatalities and nearly 3,000 injuries, including members of Hezbollah and Iran’s envoy to Beirut. This unprecedented security breach by Hezbollah has sparked outrage and threats of retaliation against Israel. The carefully planned plot, which involved modifying the pagers at the production level, has exposed Hezbollah’s vulnerabilities and raised concerns about…

RBC Capital Downgrades Rapid7 Stock to Sector Perform, Lowers Price Target to $40 – Analysts Raise Concerns About Competitive Pressures and Growth Prospects In a recent update, RBC Capital shifted its rating on Rapid7 (NASDAQ:RPD) stock from Outperform to Sector Perform, while also reducing the price target from $50.00 to $40.00. The decision was influenced by factors such as anticipated market consolidation in vulnerability management, increased competitive pressures, and challenges in the company’s expansion beyond vulnerability management. The analyst from RBC Capital expressed concerns about the time it will take for Rapid7’s strategies to positively impact its growth trajectory. Despite…

Breaking News: U.S. Stocks See $33.8 Billion Inflow in Third-Largest Surge of 2024 In the latest report from Bank of America, it has been revealed that U.S. stocks experienced their third-largest inflow of the year, with a whopping $33.8 billion pouring into the asset class last week. The large-cap sector was the standout performer, attracting $26.2 billion, while value stocks saw their largest inflow since December 2023 at $4.2 billion. Small-cap stocks also saw healthy inflows of $3.9 billion, followed by growth stocks with $1.9 billion. Globally, equity funds saw strong momentum with $38.6 billion flowing in, led by U.S.…

Jakarta Stock Exchange Dips 1.50% Amid Sector-Wide Declines Expert Analysis on Indonesia’s Market Movement and its Financial Implications Investing.com – Friday saw a downturn in Indonesia’s stock market, driven by sector-wide losses that pulled down the Jakarta Composite Index (JKSE) by 1.50% at the close. Key Performers: Sariguna Primatirta PT (JK:) witnessed a modest rise of 0.39%, adding 5.00 points to close at 1,280.00. Victoria Care Indonesia Tbk Pt (JK:) surged by an astonishing 535.00%, gaining 535.00 points to end at 635.00. Arwana Citramulia Tbk (JK:) experienced a notable increase of 475.00%, adding 570.00 points to close at 690.00. Underperformers:…

FRANKFURT – In the latest report from the Federal Statistics Office, German residential property prices have continued to fall in the second quarter, with an average decrease of 2.6% year-on-year. However, there are some positive signs of stabilization as prices rose by 1.3% in the second quarter compared to the previous three months. The property sector in Germany and across Europe experienced a significant boom in recent years due to low interest rates and high demand. But a sudden increase in rates and costs has brought an end to this growth, leading to insolvencies among developers and a freeze in…

EU Tech Giants Lobby EU for Light-Touch AI Regulation to Avoid Billions in FinesBy Martin CoulterThe world’s largest technology companies are making a final push to convince the European Union to adopt a lenient approach to regulating artificial intelligence. They are concerned about potential multi-billion dollar fines that could be imposed if regulations are too strict.In May, EU lawmakers approved the AI Act, the first comprehensive set of rules governing AI technology. However, the specifics of how rules regarding “general purpose” AI systems will be enforced are still uncertain until the accompanying codes of practice are finalized.Companies, academics, and other…

Swatch Group AG Faces Stock Downgrade by Jefferies, Price Target Reduced to CHF120.00 Swatch Group AG (SIX:SW) (OTC: SWGAY) received a stock rating downgrade from Hold to Underperform by Jefferies, along with a decrease in the price target to CHF120.00 from CHF170.00. This adjustment is due to concerns over the company’s exposure to underperforming markets and sectors. The downgrade comes as Swatch Group’s shares have declined by 12% since July 1, compared to a broader sector decline of 18%. Jefferies pointed out the company’s significant sales presence in China, accounting for 33% compared to the industry average of 24%, as…

Breaking News: Dollar Edges Higher After Fed Rate Cut, Sterling Surges on UK Retail Sales Data The U.S. dollar saw a slight increase on Friday following the Federal Reserve’s significant interest rate cut, while the pound rose strongly after positive UK retail sales data. The Dollar Index traded 0.2% higher at 100.480 but remained near a 12-month low. The dollar is struggling to find support after the Fed’s rate cut, with markets predicting further cuts in the future. Analysts suggest that the dollar may break out of its two-year range soon, which could lead to significant selling pressure. Meanwhile, the…

Record Inflows into U.S. Stocks Signal Bullish Trend for Investors: A Comprehensive Analysis Investing.com – Last week, U.S. stocks experienced their third-largest inflow of 2024, with an impressive $33.8 billion being funneled into the asset class, according to a report released by Bank of America on Friday. Key Highlights: U.S. Large-Cap Sector Dominates: The U.S. large-cap sector emerged as the primary magnet for investors, drawing in a significant $26.2 billion. Value stocks saw a substantial inflow of $4.2 billion, their largest since December 2023. Small-cap stocks attracted $3.9 billion, while growth stocks followed with $1.9 billion in inflows. Global Equity…

European Shares Slip After Fed Rate Cut; Mercedes Stock Plunges | Market Update In the wake of the U.S. Federal Reserve’s interest rate cut, European shares took a hit on Friday. The pan-European index fell 0.4% to 519.52 points, with all major markets trading lower except for Spain, which edged up 0.1%. The automotive sector saw significant losses, driven by a 7.6% drop in Mercedes-Benz stock after the company slashed its profit outlook due to declining sales in China. Additionally, German producer prices fell less than expected in August, and consumer confidence in the Eurozone hit a six-month low, causing…