Author: Multibagger News

Taiwan Denies Involvement in Lebanon Blast; Economy Minister Confirms Components Not Made in Taiwan In a recent development, Economy Minister Kuo Jyh-huei of Taiwan has confirmed that the components used in the tragic explosion in Lebanon were not manufactured in Taiwan. Gold Apollo, a Taiwan-based company, clarified that the devices were actually produced by a Budapest-based company called BAC under license. The components in question were identified as low-end integrated circuits (IC) and batteries. When asked directly about the origin of these parts, Minister Kuo stated definitively that they were not made in Taiwan. The case is currently under investigation…

Huawei Mate XT vs. Apple iPhone 16 Pro Max: A High-Stakes Showdown in China’s Smartphone Market By David Kirton SHENZHEN, China (Multibagger) – In a dramatic face-off, Huawei and Apple’s flagship smartphones hit the Chinese market on Friday. Huawei’s groundbreaking $2,800 Mate XT, featuring an innovative tri-fold design, is set to challenge Apple’s iPhone 16 Pro Max, priced significantly lower. This high-stakes battle for consumer dollars highlights the fierce competition between these tech giants. Huawei Mate XT: The Game-Changer Huawei’s Mate XT has already created a buzz with its futuristic design and advanced features. Priced at a staggering $2,800, this…

Breaking News: Bank of Japan Leaves Interest Rates Unchanged, Expects Continued Economic Growth In a widely anticipated move, the Bank of Japan decided to keep interest rates unchanged at 0.25% on Friday, signaling its confidence in the Japanese economy’s growth prospects. All nine members of the rate-setting board supported the decision, aligning with market expectations. The central bank’s decision comes after raising interest rates twice this year, with analysts expecting a wait-and-see approach in the near term. The monetary policy statement provided limited insights on future rate hikes, with investors eagerly awaiting an upcoming address for more clarity. The Bank…

Vice President Kamala Harris Issues Warning to Home Intruders: “They’re Getting Shot” – Exclusive Interview with Oprah Winfrey Reveals Harris’s Stance on Gun Laws In a groundbreaking interview with Oprah Winfrey, Vice President Kamala Harris made a bold statement regarding home intruders: “If somebody breaks in my house, they’re getting shot.” This unguarded comment sheds light on Harris’s views on gun ownership and self-defense. As a Democratic presidential candidate and gun owner, Harris’s stance on gun laws has been a topic of discussion. While she supports the Second Amendment, she also advocates for stricter background checks, a ban on assault…

Elizabeth Munoz Sells Torrid Holdings Inc. (NYSE:CURV) Shares Amid Strategic Moves: What Investors Need to Know Elizabeth Munoz, the Chief Creative Officer of Torrid Holdings Inc. (NYSE:CURV), recently divested 28,228 shares of the company’s common stock, netting over $107,000. The transaction, executed on September 19, 2024, saw the shares sold at a price of $3.80 each. This sale was part of the exercise of the underwriters’ option to purchase additional shares in a registered public offering, which concluded on the same day at the set price of $3.80, net of the underwriting discount. Following this transaction, Munoz’s stake in Torrid…

By Veronica Dudei Maia Khongwir As the world’s best investment manager and financial market journalist, I bring you the latest update on Australia’s central bank’s key policy interest rate. Economists polled by Multibagger predict that the Reserve Bank of Australia will maintain its interest rate unchanged on Tuesday and for the rest of the year due to elevated price pressures. However, the first reduction is expected early next year. In July, inflation slowed to 3.5%, remaining above the RBA’s target range of 2%-3%. With a robust job market, policymakers are left with limited room to cut rates in the upcoming…

FCC Chair Defends First Amendment: Trump’s Call to Revoke Disney-Owned ABC’s License Rebuffed By David Shepardson WASHINGTON (Multibagger) – Jessica Rosenworcel, the chair of the Federal Communications Commission (FCC), firmly dismissed former U.S. President Donald Trump’s proposition to revoke broadcast licenses of ABC, a network owned by Walt Disney, following the network’s fact-checking during the September 10 presidential debate. "The First Amendment is a cornerstone of our democracy. The Commission does not revoke licenses for broadcast stations simply because a political candidate disagrees with or dislikes content or coverage," Rosenworcel asserted on Thursday. Key Points: First Amendment Protection: The FCC…

Trump Criticizes Fed’s Interest Rate Cut as “Political Move” – What Does This Mean for Investors? In a recent interview with Newsmax, Republican presidential candidate Donald Trump expressed his disapproval of the U.S. Federal Reserve’s decision to cut interest rates by half a percentage point, calling it “a political move.” Trump suggested that a smaller rate cut would have been more appropriate. The Federal Reserve’s move to reduce interest rates by such a significant amount is seen as the beginning of a series of rate cuts. This decision by the Fed has raised questions about the central bank’s independence and…

Nike Reboots Leadership: Elliott Hill Returns as CEO, Shares Surge 8% By Juveria Tabassum and Nicholas P. Brown (Multibagger) – Nike has announced a significant leadership shakeup as former senior executive Elliott Hill reclaims the helm as President and CEO, succeeding John Donahoe. This strategic move aims to rejuvenate sales and counter rising competition, sending Nike’s shares up 8% in after-hours trading. Elliott Hill’s Proven Track Record Elliott Hill, a Nike veteran with 32 years of experience, is no stranger to the company. He has held pivotal senior leadership roles across Europe and North America, contributing to the company’s expansion…

Thailand’s Household Financial Conditions Fragile Due to High Debt Levels: Bank of Thailand Governor Warns In a recent symposium, Bank of Thailand Governor Sethaput Suthiwartnarueput raised concerns about the fragile financial conditions of Thailand’s households. He highlighted the high levels of debt and low investment in the country, painting a worrying picture for the economy. According to Suthiwartnarueput, Thai household debt currently stands at 90.8% of GDP, making it one of the highest in Asia. This alarming statistic indicates a significant burden on households and raises questions about the sustainability of the economy. As an investment manager, it is crucial…