Author: Multibagger News

By Libby George, Karin Strohecker and Uditha Jayasinghe Sri Lanka has successfully reached a draft agreement with its creditors to restructure a whopping $12.5 billion of international bonds. This landmark deal comes as a significant boost to the island nation’s delicate recovery, just days before its crucial presidential election. After defaulting on its foreign debt for the first time ever in May 2022, Sri Lanka found itself in the midst of a severe crisis, struggling under a heavy debt burden and depleting foreign exchange reserves. The agreement follows a series of intense negotiations as Sri Lanka entered its third round…

Unleashing Innovation: TechCrunch Disrupt 2024 Panel Reveals Strategies to Dominate Legacy Industries and Combat Climate Change Are you ready to witness a clash of titans as three industry experts take on tech giants and address the pressing issue of climate change at TechCrunch Disrupt 2024? Join Paul Lambert of Quilt, Gurinder Nagra of Furno Materials, and Brigid O’Brien of RA Capital Management as they share their secrets to success on the Builder’s Stage. Paul Lambert, the mastermind behind Quilt, is revolutionizing sustainable home heating with his design-forward approach and $33 million in Series A funding. Gurinder Nagra, CEO of Furno…

Breaking News: Federal Reserve Cuts Interest Rates by 50 Basis Points, Cryptocurrency Sector Surges In a bold move, the Federal Reserve announced a 50 basis point cut in interest rates, signaling confidence in sustained economic growth. Despite slower job creation and a slight uptick in unemployment, inflation is moving closer to the Fed’s target of 2%. Investors reacted positively to the rate cut, with the cryptocurrency sector experiencing notable growth. Market watchers are eagerly anticipating the Fed’s next moves as they continue to monitor economic data and risks before making further adjustments to interest rates. Renowned financial analyst John Bollinger…

OptiNose Inc. (OPTN) Stock Hits 52-Week Low at $0.8: What’s Next for Investors? OptiNose Inc., a specialty pharmaceutical company focusing on ENT disorders, has seen its stock price plummet to a 52-week low of $0.8. With a decline of -35.54% over the past year, the company faces challenges such as competitive pressures and operational issues. However, recent Q2 results show promise, with a 5% increase in XHANCE net revenue and raised guidance for 2024. Looking ahead, OptiNose aims for peak year sales of $300 million and profitability by 2025. Despite concerns about profitability this year and cash burn rates, the…

Morocco Stocks Surge to New 5-Year High: Key Winners and Losers Revealed Investing.com – In an impressive display of market strength, Morocco stocks closed higher on Thursday, driven by significant gains in key sectors. The Casablanca Stock Exchange (CSE) saw its index rise by 0.68%, reaching a new 5-year high. Let’s dive into the top performers and underperformers of the day. Top Performers: Cartier Saada (CSE:) This stock soared by 6.09%, adding 2.26 points to close at 39.37. A robust performance, indeed. Compagnie Sucrerie Marocaine et de Raffinage SA (CSE:) Witnessed a 3.84% increase, gaining 7.10 points to end the…

Breaking News: Trump Questions Fed’s Motives Behind Massive Interest Rate Cut – Impact on US Economy Explained In a surprising move, the Federal Reserve announced a significant 50-basis point interest rate cut, prompting Republican candidate Donald Trump to question whether the US economy is in trouble or if political motivations are at play. Fed Chair Jerome Powell reassured the public that the rate cut is part of a strategy to maintain economic stability, citing strong economic growth and a healthy labor market. He emphasized that the Fed is not rushing to implement further cuts, but rather recalibrating its rate policy.…

Breaking News: Israeli Military Strikes Hezbollah Targets in Lebanon Before Leader’s Speech In a bold move, the Israeli military has launched strikes on Hezbollah targets in Lebanon just before the scheduled speech of the movement’s leader. This comes as tensions escalate in the region, with the military chief of staff approving plans for Israel’s northern border with Lebanon. Hezbollah has been accused of turning southern Lebanon into a combat zone, with the Israeli Defense Forces (IDF) stating that the group has been using civilian homes as shields and digging tunnels beneath them. The IDF is taking action to bring security…

Title: National-Interest Startups: Revolutionizing Technology for Strategic Growth and Security In a world where innovation knows no borders, a new trend is rising in the tech ecosystem: national-interest startups. From aerospace and defense to critical infrastructure, these firms are ensuring that innovation directly supports national growth, security, and prosperity. As we approach an inflection point in Silicon Valley’s evolution, the question arises: Can startups rebuild the foundations of an entire nation? TechCrunch Disrupt 2024 is excited to bring together three distinguished leaders who are making waves in the national-interest startup space. Together, they will share their insights on how new…

SCRYPT Partners with OpenTrade to Offer Money Market Access on USDC & EURC for Institutional Clients Zürich, Switzerland, September 19th, 2024 – SCRYPT, a Swiss-licensed leader in institutional-grade crypto asset services, has announced a strategic partnership with OpenTrade, an institutional-grade platform for lending and yield products. This partnership will introduce a product that enables SCRYPT clients to effortlessly invest USDC and EURC into tokenized U.S. Treasury Bills and E.U. Government Bonds. The US Tokenized Treasuries industry has seen a remarkable 90% increase in value, soaring from $1.13 billion at the end of Q1 to $2.15 billion this quarter, as reported…

Morgan Stanley Maintains Overweight Rating on US Steel Stock with Price Target of $49.00 On Thursday, Morgan Stanley reaffirmed its positive outlook on US Steel (NYSE:X) shares, keeping an Overweight rating and a price target of $49.00. The firm’s stance is supported by the company’s third-quarter guidance, which meets or exceeds market expectations, in contrast to the lower forecasts from competitors like Nucor Corp (NYSE:) and Steel Dynamics (NASDAQ:) Inc. US Steel anticipates an adjusted EBITDA of around $300 million for the third quarter of 2024, surpassing both Visible Alpha’s consensus and Morgan Stanley’s own estimate. The company’s adjusted earnings…