Author: Multibagger News

By Andy Bruce In a highly anticipated decision on Thursday, the Bank of England is likely to maintain its current interest rates as it monitors inflation risks. Instead, attention will turn to a crucial verdict on bond sales that could impact Finance Minister Rachel Reeves’ upcoming budget. While British inflation remained stable in August, the services sector saw an acceleration, a key factor for the BoE. This divergence indicates that interest rates in the UK may not decrease as rapidly as in the US and the euro zone. Unlike the Federal Reserve’s recent bold move to cut rates by half…

Title: Apple Inc’s iPhone 16 Demand in China Raises Concerns, Pro Models See Improvement Globally Investing.com– In a recent report, Jefferies expressed caution regarding the demand for Apple Inc’s new iPhone 16 in China. The availability of the new models on third-party platforms within the country has raised some concerns about end-user demand. While the iPhone 16 and 16 Pro models appeared to be “sold out” on Apple’s China website, third-party platforms like Tmall and PDD still had stocks readily available. This discrepancy could indicate weak demand for the new models. Jefferies also noted that delivery times for the Pro…

WillScot Holdings Corp CEO Increases Stake: What It Means for Investors and How It Can Impact Your Portfolio WillScot Holdings Corp CEO Bradley Soultz Buys Shares: A Bullish Signal? In a recent SEC filing, Bradley Lee Soultz, CEO of WillScot Holdings Corp (NASDAQ: WSC), made a significant purchase of the company’s stock on September 18. Soultz acquired 5,000 shares at a price of $38.971 per share, amounting to a total investment of $194,854. This purchase boosts Soultz’s direct ownership in the company to 149,686 shares, showcasing his confidence in WillScot’s future prospects and aligning his interests more closely with those…

New Zealand’s Economy Contracts in Second Quarter, Central Bank Expected to Cut Rates By Lucy Craymer New Zealand’s economy saw a contraction in the second quarter as major industries experienced a decline in activity, setting the stage for further rate cuts by the central bank. The latest official data revealed a 0.2% decrease in gross domestic product for the June quarter, surpassing analysts’ expectations of a 0.4% contraction. This followed a revised down 0.1% growth in the first quarter. Annual GDP also declined by 0.5%, in line with market predictions, indicating a weak economic performance. Market sentiment suggests another quarter-point…

Breaking News: Citi Analysts Predict 50 Basis Point Cut by Federal Reserve in November In a bold move, the Federal Reserve recently announced a 50 basis point cut, setting the range at 4.75% to 5%. This decision comes after the central bank’s first rate cut since 2020, signaling more cuts could be on the horizon. Fed Chair Jerome Powell expressed confidence in easing inflation and hinted at further cuts in the coming months. Citi analysts believe this cut marks a shift towards addressing labor market weaknesses over inflation risks. They predict another 50 bps cut in November, followed by a…

Resource Group International Sells Significant Stake in IBEX Ltd: What It Means for Investors Resource Group International Ltd, a major shareholder and director of IBEX Ltd (NASDAQ:IBEX), has recently offloaded a considerable portion of its holdings in the company. Over a two-day span, the shareholder sold IBEX Ltd common shares valued at approximately $591,495. On the first day, 23,702 shares were sold at an average price of $20.0591 per share. The following day, an additional 5,955 shares were sold at an average price of $19.4886 per share. These transactions took place on September 16 and 17, respectively, totaling 29,657 shares.…

By Rae Wee In a surprising move, the Federal Reserve announced a larger-than-expected interest rate cut, causing the U.S. dollar to initially tumble before rebounding in early Asian trade. The central bank’s decision to cut rates by half a percentage point was aimed at supporting low unemployment rates amidst easing inflation. While the size of the rate cut was anticipated by investors, it defied the expectations of economists who were leaning towards a smaller cut. The market reaction followed the typical pattern of “buy the rumour, sell the fact,” leading to a slight increase in the dollar’s value. According to…

Sudan’s Army and RSF Open to Peaceful Solutions After Biden’s Call – Latest News In response to U.S. President Joe Biden’s call for warring parties to re-engage in talks, Sudan’s army and the paramilitary Rapid Support Forces (RSF) have expressed their willingness to seek peaceful solutions to the ongoing conflict that has lasted for over 17 months. Army chief Abdel Fattah al-Burhan stated that the Sudanese government is open to constructive efforts aimed at ending the war, with RSF leader Mohamed Hamdan Dagalo echoing a similar sentiment. “We reaffirm our commitment to ceasefire negotiations and believe that peace can be…

Cathie Wood’s ARK ETFs Make Strategic Trades: Palantir, Tempus AI, Veeva Systems, and More! Cathie Wood’s ARK ETFs have been active in the market, making strategic moves in their tech and healthcare-focused portfolios on Wednesday, September 18, 2024. The most notable trade was the sale of 32,772 shares of Palantir Technologies Inc, amounting to $1.19 million. On the buying side, ARK showed interest in Tempus AI Inc, purchasing 16,234 shares valued at nearly $799,199. ARK also sold shares of Veeva Systems Inc, Robinhood Markets Inc, Butterfly Network Inc, Intuitive Surgical Inc, Materialise NV, and Mynaric AG. However, they increased their…

SoundThinking Inc. (NASDAQ: SSTI) EVP Nasim Golzadeh Sells Shares Amid Strong Financial Performance – What It Means for Investors SoundThinking Inc. (NASDAQ: SSTI) EVP Nasim Golzadeh Sells Shares In a recent move, Nasim Golzadeh, Executive Vice President of Investigative Solutions at SoundThinking, Inc. (NASDAQ: SSTI), sold 166 shares of the company’s common stock on September 10. The shares were sold at prices between $11.92 and $12.01, totaling nearly $2,000. This sale was executed to cover tax withholding obligations and brokerage fees related to the vesting of restricted stock units. Despite this transaction, Golzadeh still holds a significant stake of 68,081…