Author: Multibagger News

China Condemns U.S. Arms Sales to Taiwan, Violating “One China Principle” – Expert Analysis BEIJING (Multibagger) – In a bold move, the U.S. has disregarded China’s “One China Principle” with its recent arms sales to Taiwan, causing uproar in the global political arena. Zhang Xiaogang, a spokesperson for China’s defence ministry, expressed strong disapproval on Friday, citing violations of established joint communiques between the two superpowers. China has taken decisive action by lodging formal protests with the U.S. over this contentious issue. The tension escalated further when China announced retaliatory measures against nine U.S. military-linked firms involved in the weapon…

Breaking News: Dogecoin Shows Trend Reversal Potential After Breaking Above 50-Day EMA, Bitcoin’s Massive Breakout Signals Bullish Momentum, Toncoin’s Recovery in Sight In recent market developments, Dogecoin has decisively broken above the 50-day Exponential Moving Average (EMA), indicating a possible trend reversal. This breakthrough is significant as the 50 EMA has historically served as a crucial barrier between bullish and bearish trends. Currently trading slightly above $0.104, Dogecoin’s move above the 50-day EMA could signal the start of a larger reversal, potentially leading to additional gains in the coming days. The breakout also hints at renewed buying pressure and the…

Investing.com– Most Asian stocks rose on Friday, tracking overnight gains on Wall Street as investors cheered a bumper interest rate cut from the Federal Reserve. Japanese stocks outpaced their regional peers, but trimmed early gains after the Bank of Japan held interest rates steady but said it expected inflation to keep increasing.  Chinese stocks lagged as the People’s Bank of China kept its benchmark lending rate unchanged despite increasing calls for more stimulus.  Regional markets took a positive lead-in from Wall Street, where the S&P 500 and Nasdaq hit record highs after the Fed cut rates by 50 basis points…

The Bank of Japan Holds Interest Rates Steady, Economy on Track for Recovery Stay updated with the latest news from the financial market as the Bank of Japan maintains its interest rates steady on Friday, signaling a moderate recovery for the economy. In a unanimous decision, the central bank kept the overnight call rate target at 0.25%, in line with market expectations. BOJ Governor Kazuo Ueda is scheduled to hold a news conference at 3:30 p.m. (0630 GMT) to provide insights into the decision-making process. The central bank had previously ended negative interest rates in March and raised its short-term…

China’s Dairy Dilemma: Surplus Milk Floods Market Amid Shrinking Demand China is currently facing a surplus of milk due to declining birth rates and cost-conscious consumers, leading to smaller farms going out of business and a squeeze on shipments. This surplus is a result of Beijing’s efforts to boost the dairy sector, which has led to overexpansion and high costs. The country’s milk consumption has decreased, while milk production has surged, causing prices to fall below production costs. This has forced many farms to shut down or reduce their herds. Imports of dairy products have also decreased, with a 13%…

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…