Author: Multibagger News

European Stock Markets Surge Amid Aggressive Fed Rate Cut and BoE Anticipation European Stock Markets Rally as Fed Cuts Rates Aggressively Ahead of BoE Meeting Investing.com – European stock markets surged on Thursday as investors processed the Federal Reserve’s significant start to its easing campaign, with the Bank of England’s upcoming policy meeting also in focus. As of 03:05 ET (07:05 GMT), Germany’s DAX index rose 0.9%, France’s CAC 40 climbed 1.4%, and the UK’s FTSE 100 gained 0.9%. Fed Slashes Interest Rates by 50 Basis Points The Federal Reserve made a bold move on Wednesday, slashing interest rates by…

Israeli Military Strikes Hezbollah Targets in Southern Lebanon Amid Escalating Tensions – Best Financial Market Analysis In a recent development, Israeli jets and artillery have targeted multiple Hezbollah locations in southern Lebanon. This move comes in the wake of heightened tensions following a significant attack on Hezbollah’s communication devices earlier this week. The military confirmed that the air strikes hit various Hezbollah targets in Chihine, Tayibe, Blida, Meiss El Jabal, Aitaroun, and Kfarkela in southern Lebanon. Additionally, a weapons storage facility belonging to Hezbollah in Khiam was also targeted. Reports from Israeli media suggest that some Israeli civilians sustained injuries…

UBS has recently initiated coverage on Exelixis (NASDAQ: EXEL) stock, a biotechnology company traded on NASDAQ, assigning a Neutral rating and setting a price target of $30.00. The firm anticipates a deceleration in the year-over-year growth of Exelixis’s cancer drug, Cabometyx, with concerns about potential intellectual property risks starting from 2026. The UBS analysis suggests that sales forecasts for Cabometyx in 2024 and 2025 are slightly below the consensus, with estimates at -1% and -4% respectively. However, the firm predicts that Exelixis’s pipeline asset, zanzalitinib, could achieve sales of $450 million by 2028, slightly above the consensus estimate of $440…

By Max Hunder KYIV (Multibagger) – Russia’s campaign of air strikes on Ukraine’s energy grid is causing major disruptions and may violate international humanitarian law, according to a U.N. monitoring body. As Ukrainians brace for a harsh winter, the effects of the ongoing conflict are becoming increasingly dire. Since the start of the invasion, Russia has targeted electricity generation, transmission, and distribution facilities in Ukraine with hundreds of missiles and drones. The attacks have left cities without power for extended periods, creating a humanitarian crisis. The U.N. Human Rights Monitoring Mission in Ukraine (HRMMU) has documented the impact of nine…

Vietnam’s President and Communist Party Chief to Address UN General Assembly and Meet US Tech Giants: What This Means for Investors HANOI (Multibagger) – In a pivotal move that could reshape economic and diplomatic relations, Vietnam’s President and ruling Communist Party Chief, To Lam, is set to visit the United States next week. Lam will participate in the 79th Session of the United Nations General Assembly in New York, as announced by a government statement. Following his US engagement, Lam will make an official visit to Cuba, a long-standing communist ally of Vietnam. The visit is scheduled from September 22-27,…

Investment Expert Reveals: Far-Right Party Threatens Scholz’s Future in Brandenburg Election By Thomas Escritt In a pivotal regional election in Brandenburg, Germany, the far-right Alternative for Germany (AfD) is challenging Olaf Scholz’s Social Democrats (SPD) in a close race that could have major implications for the country’s political landscape. As an investment manager, it’s crucial to pay attention to the outcome of this election as it could impact the financial markets. The AfD, known for their nationalist agenda, currently holds a narrow lead in the polls with nearly 30% of voting intentions. The SPD, on the other hand, has been…

Breaking News: Teamsters Union Declines to Endorse Any Presidential Candidate Despite Strong Support for Trump By David Shepardson WASHINGTON (Multibagger) – In a surprising turn of events, the 1.3 million-member International Brotherhood of Teamsters has announced that it will not endorse any U.S. presidential candidate in the upcoming election. This decision comes despite internal polling showing a significant preference for Republican candidate Donald Trump over Democrat Kamala Harris. Historically, the Teamsters have endorsed every Democratic candidate since 2000, occasionally breaking the trend to support Republicans such as Ronald Reagan in 1984 and George H.W. Bush in 1988. However, this marks…

Investment Manager’s Exclusive Report: Indonesia’s Tax Agency Investigates Data Breach Exposing Millions of Taxpayer IDs, Including President Jokowi’s – What This Means for Your Finances As the world’s best investment manager and financial market’s journalist, I bring you breaking news that Indonesia’s tax agency is currently investigating a massive data breach that has exposed the taxpayer identification numbers of millions of Indonesians, including President Joko “Jokowi” Widodo, his ministers, and even his two sons. This alarming incident comes on the heels of a series of cyber-attacks targeting Indonesian companies and government agencies, highlighting the government’s lax protection of personal data.…

The Ultimate Financial Market Update: Ukraine’s Air Force Shoots Down Russian Drones and Missiles KYIV (Multibagger) – Ukraine’s air force announced on Thursday that it had intercepted and shot down all 42 drones and one of four missiles used by Russia during overnight attacks. This significant development comes nearly 31 months after Russia’s full-scale invasion. Air defenses were activated in nine Ukrainian regions, as reported by the air force in a statement on the Telegram messaging app. Serhiy Lysak, the governor of the central Dnipropetrovsk region, confirmed that one missile was successfully shot down over his region without any casualties.…

Breaking News: India’s UPI Market Share Cap May Increase, Impacting Google Pay, PhonePe, and Paytm In a surprising turn of events, the National Payments Corporation of India (NCPI) is considering easing its proposed market share cap for UPI operators like Google Pay, PhonePe, and Paytm. This move comes as the regulator struggles to enforce limitations in the rapidly growing digital payments space. UPI has revolutionized the way people send and receive money in India, processing over 12 billion transactions a month. With PhonePe holding roughly 48% market share by volume and Google Pay at 37.3%, the dominance of these players…