Author: Multibagger News

ROME/BERLIN (Multibagger) -Italian defence group Leonardo and German peer Rheinmetall have agreed to form a joint venture to produce tanks and other land defence systems, the two companies said on Wednesday. The first goal of the 50-50 enterprise, which will be headquartered in Italy, will be to develop the Italian Main Battle Tank and Armoured Infantry Combat System for the Italian Army, they said in a joint statement. Earlier on Wednesday, German business daily Handelsblatt reported that the Italian government planned to buy hundreds of tanks from Rheinmetall in what would be the group’s biggest ever order, valued at around…

By Lucia Mutikani WASHINGTON (Multibagger) -First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high towards the end of June, consistent with a gradual cooling in the labor market. Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year, with financial markets hopeful that the easing cycle could start in September. Fed Chair Jerome Powell said on Tuesday that the economy was back on a “disinflationary path,” but stressed policymakers needed more data before…

By Steve Holland, Moira Warburton and Jeff Mason WASHINGTON (Multibagger) -Some elected Democrats loyal to President Joe Biden raised fresh questions on Tuesday about his 2024 re-election bid, with one calling for him to step aside, a shift after many defended him in the wake of last week’s shaky debate performance. Whether Biden continues his 2024 bid for president after his halting debate performance against Republican presidential candidate Donald Trump is largely his decision, Democrats and political strategists have said.  But Biden is under pressure. Some donors have called for him to step aside, and other Democrats are worrying openly…

U.Today – has surpassed in fee income over the past year by an epic 100%, according to the newest report from Lookonchain. Thus, its network has recorded $2.73 billion in fee income, the most in the industry. Bitcoin, in second place, generated $1.3 billion. Closing the top three is Tron Network, with almost $460 million. Other networks also contributed to the overall fee income landscape. generated $241.3 million, Binance’s chain accumulated $176.6 million and recorded $68.83 million. Additionally, the zkSync Era earned nearly $60 million, Optimism $40.4 million and Polygon $23.9 million. As the data highlights, Ethereum has a significant…

MEDINA, Ohio – RPM International Inc. (NYSE: NYSE:), a leader in specialty coatings and sealants, announced today that its board of directors has declared a quarterly cash dividend. Shareholders of record as of July 17, 2024, will receive a dividend of $0.46 per share on July 31, 2024. This announcement follows RPM’s achievement in October 2023 when the company marked its 50th consecutive year of cash dividend increases, a milestone that less than 0.5% of U.S. public companies have reached. With this record, RPM joins a select group of 41 other companies that have achieved a longer streak of growing…

Investing.com — Investors savvy enough to buy the multi-month dip in Tesla (NASDAQ:) stock at the start of July are already reaping hefty results. In just two market sessions this month, the EV giant jumped an incredible 16.8% and appears set to keep on gaining. Such is the case for our premium users, who subscribed to our monthly updated AI-picked list of winners for less than $8 dollars a month. After an impressive year-to-date rally, in which early picks on gainers such as Vistra Energy Corp (NYSE:) (+127% this year), Super Micro Computer (NASDAQ:) (+194% this year), and MicroStrategy Incorporated…

OTTAWA (Multibagger) – Canada named a woman as the country’s top soldier for the first time ever on Wednesday, continuing a push by Prime Minister Justin Trudeau to appointment women to the most senior jobs. Lieutenant-General Jennie Carignan, in charge of efforts to stamp out ingrained sexism and misconduct in the armed forces, will take over on July 18 as chief of the defense staff. Carignan, originally a military engineer, has commanded troops in Afghanistan, Bosnia-Herzegovina, Iraq and Syria during her 35 years in the army. “Over the course of her career, her exceptional leadership qualities, commitment to excellence, and…

(Multibagger) – Growth across Britain’s services companies slowed by less than first thought in June but it still ebbed to a seven-month low, according to a survey on Wednesday that pointed to modest economic growth momentum for the incoming government. The S&P Global UK Services Purchasing Managers Index fell in June to 52.1 from 52.9 in May, its lowest reading since November but revised up from a preliminary estimate of 51.2. Data provider S&P Global linked the slowdown to companies taking a “wait-and-see” approach to the outcome of Britain’s July 4 national election. Opinion polls show the opposition Labour Party…

However, it was noted that one competitor, ALC, has raised its rebates for new wearers to one of the highest levels in the industry, marking the second notable increase in the sector this year. Despite these industry developments, Piper Sandler does not foresee an immediate risk to the growth of CooperVision (CVI), a segment of Cooper Companies, as the company has not altered its rebate offerings. Moreover, Cooper Companies’ management has expressed a positive outlook on sustained pricing support for the next 12 to 18 months. Piper Sandler’s reiteration of the Overweight rating indicates confidence in Cooper Companies’ market position,…

By Makiko Yamazaki TOKYO (Multibagger) -Japan’s finance minister said on Tuesday authorities were vigilant to sharp currency market moves, as the yen continued its slump to fresh 38-year lows against the dollar, but stopped short of giving a clear intervention warning. The change in official daily commentary to reporters, in which an intervention warning has become almost customary, comes as analysts question the effectiveness of such jawboning in stopping sharp yen declines. “Foreign exchange levels are set by the market reflecting a complex mix of various factors, including inflation, current account balance, market sentiment and speculative moves,” finance minister Shunichi…