Author: Multibagger News

By the World’s Best Investment Manager, Financial Markets Journalist, and SEO Mastermind Are President Biden’s re-election prospects causing chaos in the financial markets? Democrats in the U.S. Congress are facing mounting fears about their chances in the upcoming election, leading to behind closed doors meetings and calls for Biden to step aside. But what does this mean for investors and the economy? While some House Democrats have publicly called for Biden to step down, others are expressing concerns about his ability to run a successful campaign. This internal rift within the party has sent shockwaves through the Biden campaign, with…

Grand Cayman, Cayman Islands, July 9th, 2024, Chainwire Exciting news for the derivatives ecosystem on Arbitrum as two top DeFi projects, GMX and Gains Network, announce plans to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, is expanding its reach and connecting derivatives liquidity across multiple chains with the launch of the Base network. The recent approval of a grant from the Arbitrum DAO further supports Kwenta’s expansion to the Arbitrum network. Product Offerings from GMX and Gains Network GMX and Gains Network are set to integrate their liquidity into Kwenta’s platform,…

On Tuesday, RBC Capital revised its stance on Naturgy Energy Group (NTGY:SM) (OTC: GASNY), upgrading the utility company’s stock from Underperform to Sector Perform. The firm maintained its price target at €21.00. The upgrade follows a recent price correction after an unsuccessful transaction with Taqa, and improved expectations for liquefied natural gas (LNG) profitability. The analyst from RBC Capital noted that Naturgy’s gradual shift in its gas contracts over the past years, coupled with a strategic move towards networks and renewable energy, are seen as positive steps for the company. The adjustments in the business model are reflected in the…

Top Investment Manager Reveals Powell’s Testimony Impact on Wall Street Futures, Biden’s Presidential Race, and Boeing’s Spotlight Moment As the world’s best investment manager, financial market’s journalist, and SEO mastermind, I bring you the latest updates on the impact of Federal Reserve Chair Jerome Powell’s testimony, President Biden’s stance on the presidential race, and Boeing’s recent spotlight moment. 1. Powell heads to Capitol Hill – Federal Reserve Chair Jerome Powell’s semi-annual Congressional testimony begins with an appearance before the Senate. – Expectations of interest rate cuts in September rise as economic data signals cooling inflation and a strained job market.…

Top Investment Manager’s Guide: Oil and Gas Companies in Texas Restarting Operations After Hurricane Beryl – Impact on Crude Prices and Your FinancesBy Marianna Parraga, Arathy Somasekhar and Erwin Seba HOUSTON (Multibagger) – Oil and gas companies in Texas were restarting operations on Tuesday after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power. Beryl made landfall early on Monday near the coastal town of Matagorda. Some energy firms shut operations ahead of its arrival and Texas’ largest ports and navigation channels closed. But its impact on oil and gas production is…

Wall Street’s Piper Sandler Predicts Bullish Trends for High-Quality Stocks Despite Economic Headwinds Piper Sandler Analysts Remain Bullish, Highlighting High-Quality Stocks Amid Economic Challenges Amid the recent economic fluctuations, Wall Street’s leading analysts at Piper Sandler maintain a positive outlook on stocks, particularly high-quality ones. They emphasize that the current unemployment rate still has room to increase before triggering a significant market downturn. Optimism Persists Despite Economic Tightening Piper Sandler continues to express confidence in the stock market. "We remain constructive on stocks," they assert, despite mounting evidence that tighter monetary policies are starting to impact different sectors of the…

Breaking News: U.S. Stock Futures Rise as Investors Await Powell’s Testimony | Tech and Semiconductor Stocks Lead the Rally In today’s financial market news, U.S. stock index futures are on the rise, with megacap technology and semiconductor stocks poised to continue Monday’s rally. Investors are eagerly awaiting Federal Reserve chair Jerome Powell’s testimony for insights into future monetary policy decisions. The S&P 500 and Nasdaq closed at record highs on Monday, driven by a surge in chip stocks. Intel shares jumped 3.8% in premarket trading, while Nvidia and Marvell Technology also saw gains. Powell’s testimony, scheduled for 10 a.m. ET,…

By Andrew Hay (Multibagger) – Nineteen months after charges were first filed against actor Alec Baldwin over the death of “Rust” cinematographer Halyna Hutchins the case reaches a climax this week when the actor faces a criminal manslaughter trial in Santa Fe, New Mexico. HALYNA HUTCHINS The Ukrainian director of photography grew up on a Soviet naval base, watching Russian films and dreaming of making a documentary on nuclear submarines. Known for her passion, creativity and command on over 30 productions, Hutchins was named one of the American Society of Cinematographer’s rising stars of 2019 in Los Angeles. She was…

Calgary, Canada, July 9th, 2024, Chainwire If you’re looking to make the most out of your investments, then you need to pay attention to the latest news from the EOS Network. Today, July 8, the network has launched a groundbreaking $250M EOS staking rewards program as part of its revamped tokenomics plan. Under this new staking rewards schedule, a whopping 85.6K EOS tokens are distributed daily to Stakers. What’s even more exciting is that early stakers can enjoy an initial APY of over 60%, making it a lucrative opportunity for those looking to grow their wealth. With more than 31M…

Citi Lowers Price Target for Arkema SA Shares, Maintains Neutral Rating | AI-Generated Analysis Citi has revised its price target for Arkema SA (AKE:FP) shares to EUR93.50, down from EUR110.00, citing limited improvements in trading conditions. The firm maintains a Neutral rating on the stock. According to a new seasonality analysis, historical data shows that Arkema’s earnings in the second half of the year are typically lower than in the first half. This trend, combined with contributions from new projects and cost savings, could result in a 7% decrease in adjusted EBITDA for the second half of 2024. Market spreads…