Author: Multibagger News

By Ben Blanchard Taiwan’s combat effectiveness has seen significant improvement thanks to its strengthening security partnership with the United States and other allies, according to the island’s defence minister. Despite the sensitivity of the issue, these efforts have been purposely kept low key. While Taiwan does not have formal defence relations with the United States or its allies, there have been ongoing efforts to enhance military cooperation through visits and training sessions. This has not gone unnoticed by Beijing, which has reacted strongly by imposing sanctions on U.S. arms companies involved in selling weapons to Taipei. Defence Minister Wellington Koo…

Oil Prices Fall Amid Concerns Over U.S. Inventories and Fed Rate Cut In the latest trading session, oil prices in Asia experienced a decline due to a mixed reading on U.S. oil inventories and an unexpected interest rate cut by the Federal Reserve. Despite a recent rebound from three-year lows, concerns about slowing demand, particularly from China, continue to weigh on the market sentiment. The Fed’s decision to cut rates by 50 basis points, at the upper end of market expectations, has elicited a mixed reaction. While lower rates typically stimulate economic activity, the aggressive rate cut has raised worries…

Akero Therapeutics Chief Development Officer Sells Shares Amid Promising Drug Trials: What Investors Need to Know In a series of strategic transactions, Yale Catriona, Chief Development Officer of Akero Therapeutics, Inc. (NASDAQ: AKRO), sold 8,393 shares of the company’s common stock, netting over $230,000. These sales were executed on September 16, 17, and 18 under a pre-arranged 10b5-1 trading plan, which ensures transparency and compliance with insider trading regulations. Breakdown of Transactions September 16: Sold 2,485 shares at an average price of $27.515. September 17: Sold 2,037 shares at an average price of $27.548. September 18: Sold 3,871 shares at…

HKMA Cuts Base Rate Following Fed’s Move, What Does It Mean for Your Investments? In a move mirroring the U.S. Federal Reserve, the Hong Kong Monetary Authority (HKMA) has slashed its base rate by 50 basis points to 5.25%. This decision comes after the Fed initiated a larger-than-usual half-percentage-point reduction, signaling further cuts in the future. Hong Kong’s monetary policy is closely tied to the United States due to the city’s currency pegged to the greenback within a narrow band of 7.75-7.85 per dollar. With the Fed anticipating more rate cuts in 2024, investors need to pay attention to how…

Discovering the Identity of the Kentucky Highway Shooter: A Game-Changing Development for Investors In a recent breakthrough, authorities have potentially identified the body of the infamous Kentucky highway shooter. This discovery could have significant implications for the financial markets and investors worldwide. As the world’s top investment manager and financial market journalist, I am here to break down the impact of this news on your portfolio. The apprehension of the highway shooter could lead to increased stability in the region, boosting investor confidence and potentially driving up stock prices in related industries. From a broader perspective, the resolution of this…

By Colleen Howe Investing Insights: Oil Prices Drop After Federal Reserve Rate Cut BEIJING (Multibagger) – Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy. Oil futures for November fell 34 cents, or 0.46%, to $73.31 a barrel by 0015 GMT, while WTI crude futures for October declined to $70.49 a barrel, down 42 cents or 0.59%. The U.S. central bank cut interest rates by half a percentage point on Wednesday, suggesting the Fed saw a slowing job market. That view appeared to outweigh the boost that…

"American Strategic Investment Co. (NYSE:NYC) Director’s Stock Sales: What It Means for Investors and Future Prospects" American Strategic Investment Co. (NYSE:NYC) has recently reported a series of stock transactions by Director Edward M. Weil Jr., totaling over $25,000. These transactions occurred on three separate dates and involved selling shares at prices ranging from $9.00 to $9.18 per share. Breakdown of Transactions: September 16: Sold 17 shares at an average price of $9.18. September 17: Sold 269 shares at an average price of $9.10. September 18: Sold 2,492 shares at an average price of $9.00. Despite these sales, Weil retains a…

China’s Commerce Minister Continues Negotiations with EU on Electric Vehicle Probe, Undermining Confidence of Chinese Companies Investing in Europe In a recent statement, China’s commerce minister, Wang Wentao, emphasized Beijing’s commitment to ongoing negotiations with the European Union regarding the electric vehicle probe. The investigation has raised concerns among Chinese companies investing in Europe, with potential implications for the future of trade relations between the two economic powerhouses. Wang’s remarks were made at a China-Europe Electric Vehicles event in Brussels, where key executives from both Chinese and European electric vehicle industries gathered to discuss the EU’s anti-subsidy case against China’s…

Craigslist Founder Craig Newmark Pledges $100 Million to Enhance U.S. Cybersecurity | World’s Top Investment Manager Reveals Impactful Philanthropy Move In a groundbreaking announcement, Craig Newmark, the visionary behind Craigslist, has committed to donating a staggering $100 million towards fortifying U.S. cybersecurity defenses. This monumental initiative aims to combat the escalating threat posed by foreign governments, as disclosed in an exclusive interview with the Wall Street Journal. Of the total sum, half of the funds will be allocated towards safeguarding critical infrastructure such as power grids from malicious cyberattacks. The remaining half will be dedicated to educating the public on…

DSS, Inc. Makes Strategic Investment in Impact Biomedical Inc. Amid Sector Downturn: Market Implications Explained DSS, Inc. Diversifies Portfolio with $153,220 Investment in Impact Biomedical Inc. (OTC:IBO) Date: September 18, 2024 DSS, Inc., a company renowned for its expertise in paperboard containers and boxes, has recently ventured into the biopharmaceutical sector by acquiring a substantial stake in Impact Biomedical Inc. (OTC:IBO). The latest filings reveal that DSS, Inc. purchased shares worth $153,220 in Impact Biomedical, marking a significant strategic move. Key Investment Details: Transaction Dates: September 16 and 17, 2024 Shares Acquired: 50,000 shares at $2.69 per share and 7,800…