Author: Multibagger News

The finance minister of Indonesia has announced that the country’s budget deficit is expected to reach 2.7% of gross domestic product this year. This increase in deficit is attributed to the depreciation of the rupiah and a decline in tax revenue from the mining sector. Initially, the government had set a target deficit of 2.29% for 2024, which is higher than the 1.65% deficit recorded in 2023. The weakening rupiah, which hit 16,475 per U.S. dollar last month, has contributed to the widening deficit. Factors such as increased spending on fuel subsidies and food assistance, along with lower tax revenue…

By Moira Warburton and Richard Cowan Are Democrats panicking over Biden’s reelection prospects? Find out as U.S. congressional Democrats convene in Washington to discuss the future of Biden’s campaign. With Biden’s shaky performance against Trump and concerns over his age and ability, Democrats face an uphill battle in defending their Senate majority and recapturing the House. Will Biden step aside for the sake of the party’s future? Analysis: If Democrats fail to hold onto the presidency, their chances of capturing the House diminish. The impact of Biden’s decision on the party’s future cannot be understated. Title: Unleashing the Power of…

Title: Palantir Technologies Inc. Receives Mixed Analysis from Citi Analysts – What Does This Mean for Investors? As the world’s best investment manager and financial market journalist, I bring you the latest insights on Palantir Technologies Inc. (NYSE: PLTR) following Citi’s recent analysis. Citi has maintained its Neutral rating on the stock with a price target of $25.00, highlighting both positive and negative aspects of the company’s performance. Positive factors include Palantir’s momentum in its Commercial and AIP segments, efficient go-to-market strategies, and a vibrant office atmosphere in New York. However, concerns arise regarding the timing of government contracts and…

UK Competition Regulator Clears $3.1 Billion Thermo Fisher Scientific-Olink Deal: What It Means for Investors and Markets Introduction In a significant move that has captured the attention of both investors and market analysts, the UK’s Competition and Markets Authority (CMA) has approved the $3.1 billion acquisition of Olink Holding AB by Thermo Fisher Scientific Inc. As the world’s leading investment manager and top financial markets journalist, I will break down the implications of this deal and what it means for your investment portfolio. The Deal Breakdown Thermo Fisher Scientific Inc., a global leader in scientific research services, has received the…

European Central Bank Chief Knot: No Case for July Rate Cut, September Meeting “Open” for Further Easing In a recent interview with German newspaper Handelsblatt, Dutch central bank chief Klaas Knot stated that there is no case for the European Central Bank to cut interest rates this month. However, he mentioned that the September meeting will be “open” and that market expectations for further easing are appropriate for now. The ECB had previously cut rates in early June and hinted at more easing to come, but did not provide any specifics on the timeline of future moves. Knot expressed comfort…

By Daniel WiessnerA challenge to a Biden administration rule allowing socially conscious investing by employee retirement plans will present an early test of how courts will scrutinize federal regulations after the U.S. Supreme Court said they no longer have to defer to the expertise of the agencies that issued them.The New Orleans-based 5th U.S. Circuit Court of Appeals will hear arguments on Tuesday in a lawsuit by 25 Republican-led states challenging the U.S. Department of Labor rule, which says 401(k) and other plans can consider environmental, social and corporate governance (ESG) factors as a “tiebreaker” in making investment decisions.U.S. District…

Title: Bitcoin Price Plummets as Mt Gox Distribution Sparks Fear in Crypto Market – Altcoins Follow Suit Investing.com– The price of Bitcoin tumbled on Monday as the distribution process by the now defunct crypto exchange Mt Gox began, causing concerns among investors and leading to a broader decline in the cryptocurrency market. Despite hitting four-month lows earlier in the day, Bitcoin found some support around the $55,000 level, dropping 3.8% to $55,450.3 by 01:25 ET (05:25 GMT). The distribution of tokens by Mt Gox trustees to clients affected by a 2014 hack raised alarm bells among traders, who feared that…

IMAC Holdings, Inc. Takes Strategic Steps to Regain Compliance with Nasdaq’s Equity Rule IMAC Holdings, Inc. (NASDAQ:BACK) recently announced measures aimed at regaining compliance with Nasdaq’s minimum stockholders’ equity requirement. The company, based in Franklin, Tennessee, had received a non-compliance notice from Nasdaq for falling below the $2.5 million equity threshold. To address this issue, IMAC Holdings made strategic decisions, including abandoning a proposed merger with Theralink Technologies, Inc. due to Theralink’s inability to meet its debt obligations. Instead, IMAC Holdings acquired certain Theralink assets through a settlement of defaulted indebtedness, strengthening its position in the market. Furthermore, IMAC Holdings…

As the U.S. dollar steadies in early European trade, traders are waiting for crucial inflation data while the euro edges higher post the French parliamentary elections results. The Dollar Index is trading flat at 104.577, recovering from a 1% slump last week. Dollar stabilizes ahead of CPI release The dollar has stabilized after soft U.S. data on Friday increased expectations of a Fed interest rate cut. Traders now predict a 76% chance of a rate cut in September, up from 64% last week. This week will provide more insight on U.S. interest rates with key data releases and Federal Reserve…

“Wall Street Prepares for Negative Start as Inflation Data Looms; Paramount Global Merges with Skydance, Boeing Pleads Guilty to Criminal Charge” As the new week kicks off, investors brace themselves for a potential downturn on Wall Street. Key inflation data and testimony from Fed chief Jerome Powell are on the horizon. Paramount Global announces a merger with Skydance, while Boeing faces a hefty fine after pleading guilty to a criminal charge. 1. Futures Point to Lower Opening Ahead of Inflation Data Release The U.S. stock futures are showing a slight decline as the week begins. This comes as investors gear…