Author: Multibagger News

Russia’s SVR Accuses U.S. of Plotting “Regime Change” in Georgia Ahead of Election The Russia’s Foreign Intelligence Service (SVR) has made a bold accusation against the United States, claiming that Washington is actively working towards regime change in Georgia following the upcoming parliamentary election on Oct. 26. While no evidence has been provided to support this claim, the statement from SVR indicates a shift in relations between Moscow and its traditionally pro-Western neighbor. The SVR statement alleges that the Biden administration has orchestrated a comprehensive information campaign to discredit the ruling Georgian Dream party, signaling a potential interference in Georgia’s…

Amsterdam, Netherlands, July 9th, 2024, Chainwire The Sovereign Nature Initiative (SNI) partners with Unique Network and WalletConnect to launch DOTphin, a groundbreaking NFT project for positive environmental impact at Polkadot Decoded 2024. Experience event engagement like never before with DOTphin, a project that uses dynamic NFTs to promote sustainability and biodiversity restoration. Attendees at Polkadot Decoded 2024 will receive eco-badges to unlock unique DOTphin NFTs, supporting marine conservation efforts. With a focus on sustainability, DOTphin showcases how blockchain technology can drive positive ecological impact. Each NFT token evolves based on user engagement, creating a personalized and interactive experience with tangible…

As the aftermath of Tropical Storm Beryl continues to unfold, millions of Americans in southeast Texas are facing dangerously hot conditions without access to air conditioning. The power outage, affecting 2.3 million homes and businesses, has sent temperatures soaring past 100 degrees Fahrenheit, creating potentially life-threatening situations. The devastating impact of Tropical Storm Beryl has not only caused power outages and infrastructure damage but has also disrupted the lives of individuals like Houston resident Raymond Miller, who is struggling to cope with the extreme heat and lack of resources. With the stock market closely monitoring the situation in Texas and…

Netflix’s Growth Skyrockets: TD Cowen Predicts 5.19 Million New Subscribers in Q2 2024—Here’s What It Means for Your Investments In an exhilarating forecast that could shake up the streaming industry, TD Cowen analysts have expressed robust optimism about Netflix’s (NASDAQ: NFLX) upcoming earnings. They attribute this optimism to a surge in subscriber growth and the rapid expansion of Netflix’s ad-supported tier. Key Insights and Projections Subscriber Surge: TD Cowen projects Netflix will add a staggering 5.19 million paid subscribers in Q2 2024, significantly outpacing the analyst consensus of 3.72 million. This growth is largely driven by Netflix’s innovative paid-sharing initiatives…

By Howard Schneider WASHINGTON (Multibagger) – Federal Reserve Chair Jerome Powell is set to testify before the Senate Banking Committee in a hearing that will assess whether recent signs of slowed inflation and a slowing U.S. job market will prompt the central bank to accelerate its plans to cut interest rates. During the Fed’s June meeting, officials projected a single quarter-point rate cut by the end of the year. However, weaker-than-expected inflation data and concerns about a slowing job market have raised questions about the need for more aggressive action. Recent data indicates a still-healthy job market, but downward trends…

By Trevor Hunnicutt President Joe Biden is set to welcome the heads of NATO member states to Washington on Tuesday for a crucial annual summit that will shape the future of global alliances and impact financial markets. As the world’s top investment manager and financial market journalist, I will break down the significance of this summit for investors and provide insights for optimizing your portfolio. Biden’s focus on strengthening traditional alliances and countering the threat of autocracies has major implications for NATO’s future and Europe’s stability. With the upcoming U.S. election determining the course of international relations, investors need to…

Binance CEO Highlights Strong Investor Interest in Bitcoin ETFs Despite Price Fluctuations In a recent X post, Binance CEO Richard Teng emphasized the ongoing investor interest in Bitcoin, despite recent price fluctuations. The significant inflows into U.S.-listed Bitcoin ETFs, totaling over $14.7 billion in the past six months, showcase strong investor confidence in BTC and digital assets overall. According to data from Bloomberg, investors have seized the recent price decline as a buying opportunity, with U.S. Bitcoin ETFs witnessing a net inflow of $438 million over the last two days. This trend reflects bullish sentiment among investors who remain optimistic…

Breaking News: uniQure N.V. Reveals Promising Interim Data for AMT-130 Trials in Huntington’s Disease uniQure N.V. (NASDAQ: QURE) has released exciting interim results from its Phase I/II trials of AMT-130, a potential gene therapy for Huntington’s disease. The data shows a significant slowing in disease progression and a reduction in neurofilament light protein (NfL) levels in the cerebrospinal fluid (CSF) after 24 months. This could be a game-changer for the 70,000 people in the U.S. and Europe affected by this hereditary neurodegenerative disorder. The trials included 29 patients who received different doses of AMT-130, with the high-dose group showing an…

Unprecedented $6.1 Billion Inflow in US Equities: What It Means for Your Portfolio In a stunning turn of events, BofA Securities announced that its clients became net buyers of US equities last week, marking the first time this has happened in three weeks. The total inflow amounted to a massive $6.1 billion, making it the fifth-largest inflow on record. Key Highlights: Single Stocks and ETFs: Notably, clients aggressively purchased both single stocks and ETFs. Single stock inflows reached their highest levels since 2008. Client Groups: All major client groups, including retail investors, hedge funds, and institutions, participated as net buyers.…

Fisker Recalls Over 12,000 Ocean Vehicles Due to Door Handle Issue Electric-vehicle company Fisker is recalling more than 12,000 Ocean vehicles to address a problem with exterior door handles sticking and failing to open. This marks the third recall for Fisker this month, as the U.S. National Highway Traffic Safety Administration (NHTSA) has four open investigations into various issues related to the Ocean SUV. Fisker, once a high-flying EV startup, recently filed for bankruptcy protection after facing financial difficulties. The faulty door handles pose a safety risk, as they could prevent occupants from exiting the vehicle in an emergency. The…