Author: Multibagger News

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…

As the Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind, I present to you: “U.S. Stock Futures Rise Amid Expectations for September Rate Cut – Powell’s Testimony in Focus!” In the early morning hours, U.S. stock index futures saw a rise, with the Dow Jones up by 35 points, the S&P 500 rising by 11 points, and the Nasdaq climbing by 75 points. This surge comes as investors anticipate a potential rate cut in September, leading to record highs for the S&P 500 and Nasdaq. Federal Reserve Chair Jerome Powell is set to testify before Congress, with all eyes…

US and Global Market Analysis: Is Disinflation Resuming?As investors shift focus from election risk to borrowing costs, all eyes are on Thursday’s US consumer price update for June. The headline rate is expected to fall to 3.1%, while ‘core’ rates remain at 3.4%. Federal Reserve chair Jerome Powell’s testimony will provide insight into the situation, with markets looking for clues on the labor market and GDP estimates. Recent data shows inflation expectations softening, with oil prices stabilizing after a hurricane in Texas. Small business confidence and record high US stock indexes signal optimism, with Fed funds futures pricing in rate…

Citi Analysts Sound Alarm: Are AI Stocks Overheating? Expert Insights and Strategies for Investors Understanding Citi’s Warning on AI Stocks Sentiment Citi analysts have issued a critical advisory for investors, highlighting concerns about potentially overheated sentiment in Artificial Intelligence (AI) stocks. This cautionary note draws attention to the unprecedented levels of optimism surrounding AI stocks, which have not been seen since 2019. Key Factors Behind Citi’s Concern Elevated Sentiment Levels: According to Citi, the sentiment around AI-exposed stocks is at its highest since 2019. This observation is based on market expectations and historical price movements. Discrepancy in Growth Estimates: Citi’s…

Taiwan’s exports exceeded expectations in June, rising by 23.5% to $39.9 billion. This growth was driven by the island’s strong position in the supply chain of the booming artificial intelligence (AI) industry. The export recovery marked the eighth consecutive monthly rise, surpassing forecasts and previous months’ gains. The impressive performance was attributed to the rising demand for new technology applications like AI and high-performance computing. With Taiwan’s advanced chip production capacity, the second half of the year is expected to witness a further increase in export momentum as the peak season approaches. Major Taiwanese companies, such as TSMC, a key…

As the world’s best investment manager and financial market journalist, I bring you the latest update on Croda International (CRDA:LN) (OTC: COIHY). Citi has revised its price target for the global specialty chemicals company to GBP 45.50 from GBP 50.00, maintaining a Neutral rating on the stock. This adjustment comes after a thorough reassessment of the company’s financial year 2024 forecasts in response to persistently challenging market conditions. The bank’s analyst highlighted that the expected recovery in demand for Croda’s products has not materialized as initially projected. The previous forecast had anticipated a 17% half-on-half improvement in profit before tax…

Investors Brace for Possible Trump Comeback: Impact on Latin American Markets Are you worried about how a possible Trump comeback could affect your investments in Latin America? As the world’s best investment manager, financial market journalist, and SEO mastermind, I have the inside scoop on what to expect if Trump regains power in November. With the Trump administration’s history of strained relations with Latin America, including issues with COVID-19 vaccine distribution and financial aid, investors are on high alert. Here are some key points to consider: – Mexico: The peso is already down 6% this year due to domestic factors,…

Title: Federal Reserve Chair Powell’s Testimony and June CPI Data Release: Key Insights for Market Investors As the world’s best investment manager and financial market journalist, I bring you crucial insights for the week ahead. Federal Reserve Chair Jerome Powell’s testimony and the release of June CPI data are set to impact the markets significantly. Evercore ISI strategists are closely watching Powell’s testimony for hints on a potential rate cut in September. The Fed’s decision will be influenced by ongoing inflation data post-Q1 and market expectations of a Republican clean sweep in the upcoming elections. Powell will navigate political pressures…