Author: Multibagger News

Federal Reserve Rate Decision: Wells Fargo Analysts Urge Investors to Focus on Forward Guidance As the Federal Reserve gets ready to make its rate decision, Wells Fargo analysts are advising investors to look beyond the debate over a 50 basis point (bps) versus 25bps cut, dismissing it as mere “noise.” Instead, they emphasize the importance of paying attention to the forward guidance provided by the Fed, which will shape market expectations and inform investment decisions. According to the analysts, the Fed needs to offer clearer communication on forward guidance to enable better planning by individuals and firms, ultimately avoiding the…

GameStop CEO Ryan Cohen Fined Nearly $1 Million for Failing to Report $100 Million Wells Fargo Share Acquisition Understanding the FTC Penalty and Its Implications for Investors Overview WASHINGTON (Multibagger) – GameStop (NYSE: GME) CEO Ryan Cohen has agreed to pay a nearly $1 million penalty to settle claims made by the U.S. Federal Trade Commission (FTC). The FTC alleged that Cohen failed to report his acquisition of more than $100 million worth of Wells Fargo & Co (NYSE: WFC) voting shares, which is a violation of federal regulations. The Violation In 2018, Cohen amassed shares that exceeded the $100…

Google’s Privacy Sandbox Sparks Concerns Among Ad-Tech Firms – What You Need To Know As the world’s best investment manager and financial market journalist, I bring you the latest scoop on Google’s Privacy Sandbox and how it’s causing a stir among ad-tech firms. With my SEO expertise, I ensure this article is optimized to reach the masses and provide valuable insights. Google’s Privacy Sandbox, a five-year project in the making, is now under scrutiny by U.S. and UK regulators. They fear that Google’s dominance through platforms like Chrome and Android could give the tech giant too much control over the…

Canadian Prime Minister’s Quebec Lieutenant to Step Down Amid Political Turmoil In a move that could have significant implications for Canada’s political landscape, Canadian Prime Minister Justin Trudeau’s Quebec lieutenant, Pablo Rodriguez, is reportedly set to resign from his post. This comes just days after the ruling Liberals suffered a surprising defeat in a safe Parliamentary seat in Quebec. According to reports from La Presse newspaper, Rodriguez, who also serves as the transport minister, is expected to announce his candidacy to lead the provincial Liberal party in Quebec. This decision could have far-reaching consequences as Quebec holds a critical role…

“Breaking News: FBI Takes Down Chinese Government-Run Botnet Targeting U.S. Critical Infrastructure Revealed at Aspen Cyber Summit” Last week, FBI director Christopher Wray and U.S. government agencies disclosed the takedown of a botnet controlled by a Chinese hacking group, Flax Typhoon, which was targeting critical infrastructure in the U.S. and overseas. The FBI took control of the botnet’s infrastructure and removed malware from compromised devices, leading to a retaliatory Distributed Denial of Service attack by the hackers. In a joint advisory, the FBI, Cyber National Mission Force, and NSA linked the botnet of 260,000 devices to the Chinese government, operated…

Dubai, UAE, September 18th, 2024 – VIKITA, a memecoin operating on the SunPump platform, has recently been listed on the Poloniex exchange, opening up new trading opportunities against USDT. This innovative token, built on the TRON blockchain, boasts fast and low-cost transactions, providing users with a seamless trading experience. SunPump, the platform hosting VIKITA, specializes in supporting memecoins and simplifying the token creation and trading process for its users. With a limited supply of 1 million tokens, VIKITA has already seen impressive trading activity, surpassing $300,000 in liquidity and exceeding 1 million TRX in daily trading volume. The token has…

Black Diamond Therapeutics (NASDAQ:BDTX) has recently received positive feedback from analysts at H.C. Wainwright and Piper Sandler, following its presentation at the European Society for Medical Oncology conference. The company’s focus on treating non-small cell lung cancer patients with non-classical EGFR mutations has shown promising results, with potential implications for its stock performance and financial health. According to the analyst reports, Black Diamond Therapeutics’ data on treatment outcomes for patients with NCMs have been well-received, highlighting the variability in current treatment approaches. The company’s drug candidate, BDTX-1535, has garnered attention for its potential in treating these mutations, with Phase II…

Portugal Stock Market Wrap-Up: Key Insights and Implications for Investors Portugal Stock Market Sees Broad Decline Amid Sector Weakness In a mixed trading session on Wednesday, Portugal’s stock market closed in the red as losses in various sectors weighed down the overall performance. The PSI 20 Index in Lisbon fell by 0.93%, highlighting a challenging day for investors. Top Performers Despite the downward trend, a few stocks managed to post gains: Banco Comercial Portugues (ELI:BCP): The stock remained steady, up by 0.51%, closing at €0.42. Galp Energia Nom (ELI:GALP): This energy giant saw a slight uptick of 0.30%, ending the…

By Davide Barbuscia A recent surge in the Secured Overnight Financing Rate (SOFR) has sparked concerns about liquidity in the U.S. repurchase agreement (repo) market. However, Deutsche Bank suggests that this increase may be due to a calculation quirk rather than a shortage of cash. According to New York Federal Reserve data, SOFR rose to 5.38% on Monday, its highest level since July, but remained unchanged on Tuesday. This rate is a crucial indicator of borrowing costs in the repo market, where banks and other participants secure short-term funding. Deutsche Bank’s analysts believe that the recent spike in SOFR does…

Best Investment Manager’s Guide: Glucholazy Floods Devastate Residents, Sparking Criticism and Praise – What You Need to Know GLUCHOLAZY, Poland – In the aftermath of the devastating floods in Glucholazy, residents are left picking up the pieces and questioning the response of authorities. The worst flooding in at least two decades has left homes destroyed and possessions scattered in the mud. As Maria Ciesla, a resident, mourns the loss of her grandchildren’s toys, she also expresses gratitude for the support received from the community. However, others like Bronislaw Lesnik, a pensioner, are struggling to get assistance from insurance providers and…