Author: Multibagger News

Chinese Inflation Disappoints in June, Paving the Way for Further Monetary Policy Easing Chinese inflation fell short of expectations in June, signaling a need for the People’s Bank of China to implement additional monetary stimulus, potentially through interest rate cuts. Consumer spending remained lackluster, contributing to the subdued inflation numbers. The PBOC had previously lowered its reserve requirement ratio (RRR) in February, but analysts at ING believe that further interest rate cuts are necessary to support the economy. They predict that the central bank may implement 1-2 rate cuts in the second half of the year, especially if the U.S.…

Expensify CFO Ryan Schaffer Executes Significant Stock Transactions – What Does This Mean for Investors? Expensify, Inc. (NASDAQ:EXFY), a leading provider of prepackaged software solutions, saw its Chief Financial Officer, Ryan Schaffer, make a noteworthy move in the stock market on July 9, 2024. Schaffer sold 75,000 shares of Class A Common Stock at $2.00 per share, totaling $150,000, and purchased 75,000 shares at $0.97 each, amounting to $72,750 on the same day. These transactions were carried out under a Rule 10b5-1 trading plan, allowing insiders like Schaffer to schedule their stock transactions in advance without access to confidential information.…

Gold prices saw a slight increase in Asian trade on Wednesday following comments from Federal Reserve Chair Jerome Powell that sparked speculation about potential interest rate cuts by the central bank. Meanwhile, copper prices took a hit as mixed inflation signals from China caused a drop in prices after a recent recovery. Gold had been gaining strength in recent sessions as the US dollar weakened amid expectations of a rate cut in September. However, the precious metal’s rally stalled as the Fed did not provide clear signals on the future path of interest rates. Gold futures rose 0.2% to $2,367.73…

By Leika Kihara TOKYO (Multibagger) – The Bank of Japan is expected to slightly lower its economic growth forecast for this year in July but maintain its inflation target of around 2% in the upcoming years, sources revealed. This move keeps the possibility of an interest rate hike later this month alive. During its next policy meeting on July 30-31, the central bank will unveil new quarterly growth and price projections and deliberate on whether to increase rates from their current near-zero levels. According to three sources familiar with the matter, a rare unscheduled revision to Japan’s historical GDP data…

Expensify CEO David Barrett Sells $25K Worth of Company Stock: What It Means for Investors and Market Performance Expensify, Inc. (NASDAQ:EXFY) CEO David Barrett has recently sold 12,270 shares of company stock at an average price of $2.06, totaling $25,276. These sales were part of a pre-arranged trading plan executed on July 9, 2024. Despite this, Barrett still retains a significant number of shares, with 1,778,003 shares indirectly owned and 218,680 shares owned directly. As an expert financial market journalist, I can confirm that insider sales like these can provide valuable insights into an executive’s perspective on the company’s valuation…

Investing.com– Most Asian currencies showed minimal movement on Wednesday as the dollar strengthened following Federal Reserve Chair Jerome Powell’s ambiguous stance on interest rate cuts. The New Zealand dollar experienced the most significant decline of the day after the Reserve Bank of New Zealand adopted a slightly dovish tone during its meeting. Dollar stabilizes after Powell’s speech; Eyes on CPI Data The and rebounded in Asian trading after Powell hinted at a cooling labor market and progress towards reducing inflation. Powell emphasized that any decisions regarding interest rates would be data-driven and reiterated the Fed’s commitment to achieving a 2%…

New Zealand Central Bank Holds Interest Rates Steady at 5.5%, Signals Potential Easing Ahead In a surprising move, the Reserve Bank of New Zealand (RBNZ) decided to keep the cash rate unchanged at 5.5% in their latest meeting. However, the central bank hinted at a possible loosening of monetary policy in the future if inflation slows as expected. The RBNZ’s statement was more dovish than anticipated, leading to a 0.74% drop in the New Zealand dollar against the US dollar. This shift in tone has prompted economists to predict a potential rate cut as early as November, with two-year swap…

Breaking News: Bitcoin Trading Volume Surges as Institutional Investors Show Interest in Altcoins In a surprising turn of events, trading volume for Bitcoin has seen a significant increase, signaling a potential shift in market sentiment. This surge in volume has been accompanied by a rise in institutional investments in various altcoins, creating a positive atmosphere in the market. The spike in trading volume for Bitcoin suggests a renewed interest from investors and the possibility of significant price movements in the near future. Institutional investors, in particular, seem to have regained confidence in the market, leading to a resurgence of interest…

Unveiling Insider Transactions at Joby Aviation: CFO Sells Stocks Worth $29,281 Joby Aviation Inc. (NYSE: JOBY), a leading player in the aircraft manufacturing industry, recently witnessed its Chief Financial Officer, Matthew Field, selling a total of $29,281 worth of common stock. The transaction, executed on July 8, 2024, involved Field parting with 5,642 shares at an average price of $5.19 per share. This move, made under a 10b5-1 trading plan adopted in November 2023, allows insiders to sell stocks without possessing material non-public information. Field sold the shares in multiple trades with prices ranging from $5.12 to $5.24, with the…

Asian Stock Markets Stagnate as Investors Await Fed’s Rate Cut Decision In a busy day for Asian markets, most stocks remained stagnant as investors processed conflicting inflation data from China and Japan. All eyes are on the Federal Reserve and when it will decide to cut interest rates. Wall Street’s tech sector saw gains, pushing the and the to new highs, but the pace of growth is slowing. U.S. futures were flat as investors ponder Fed Chair Jerome Powell’s comments, hinting at a cooling economy but no clear timeline for rate cuts. Japanese markets hit record highs, driven by foreign…