Author: Multibagger News

Breaking News: Federal Reserve Meeting Signals Future Policy Expectations – Analysis by Bank of America In a recent statement, Bank of America strategists revealed that the market will likely interpret the Federal Reserve’s first meeting in four years as a crucial indicator for future policy expectations. Specifically, a potential 50 basis points (bp) cut could pave the way for 150bp in cuts by the end of 2024, maintaining the policy trough and supporting further bull steepening of the yield curve. On the flip side, a 25bp cut may increase the likelihood of 75-100bp cuts by the end of 2024, leading…

Fed Anticipates First Rate Cut Since 2020: What Investors Need to Know Investing.com – On Wednesday, Wall Street witnessed a tug-of-war between gains and losses as investors braced for a pivotal Federal Reserve decision, potentially marking the first interest rate cut since March 2020. By 09:53 ET (13:53 GMT), the benchmark S&P 500 remained largely unchanged, the tech-heavy Nasdaq 100 saw a modest gain of 26 points or 0.2%, and the 30-stock Dow Jones Industrial Average slipped by 93 points or 0.3%. Increased Odds for a 50 Basis Points Cut Market sentiment is tilting towards the Federal Reserve lowering borrowing…

The Federal Reserve likely to signal larger interest rate cuts in the future, says Citi analysts The Federal Reserve is expected to cut rates for the first time since March 2020, bringing rates down from 5.25% to 5.5% There’s uncertainty over the size of the potential cut, with a 65% chance of a 50-basis point cut according to CME Group’s FedWatch Tool Reports suggest a jumbo cut is still a possibility, with former NY Fed President Bill Dudley advocating for a deeper cut US retail sales rose unexpectedly in August, adding to the complexity for Fed officials The Fed’s announcement…

Breaking News: US Imposes New Iran Sanctions on 12 Individuals Linked to Violent Repression – Impact on Financial Markets As the world’s best investment manager and financial market journalist, I bring you the latest update on the United States’ new round of Iran sanctions. These sanctions target 12 individuals connected to Tehran’s violent repression of the Iranian people, including the brutal crackdown on peaceful protests. The US Treasury Department announced that the sanctions specifically focus on members of the Islamic Revolutionary Guard Corps (IRGC), Iranian prison officials, and those responsible for lethal operations overseas. This move comes in the wake…

Unveiling YouTube’s Latest AI Integration: Veo in Shorts Revolutionizes Video Creation In a groundbreaking move, YouTube announced the integration of Google DeepMind’s cutting-edge AI video generation model, Veo, into YouTube Shorts. This integration allows creators to generate high-quality backgrounds and 6-second clips with ease, revolutionizing the video creation process. Veo, unveiled at Google’s I/O 2024 developer conference, competes directly with other video generation models like OpenAI’s Sora, Pika, Runway, and Irreverent Labs. It has the capability to create 1080p video clips in various cinematic styles, setting a new standard for video creation. The Veo model in Shorts represents a significant…

Dubai, UAE, September 18th, 2024, Chainwire: Cypher Capital, a top crypto investment firm, has announced its involvement in a $15 million seed funding round for Hemi Labs. Hemi Labs is working on creating a modular blockchain network that unifies Bitcoin and Ethereum. The funds will be used to launch the Hemi Network, which aims to advance blockchain technology and improve interoperability. After a successful incentivized testnet launch, Hemi Labs is planning to launch its mainnet in Q4 2024. The funding round saw participation from various investors, including Binance, Breyer Capital, and Crypto.com, among others. CEO of Cypher Capital, Vineet Budki,…

Truist Securities Downgrades Incyte Corporation (NASDAQ:INCY) Stock Amid Patent Expiration Concerns Truist Securities recently downgraded Incyte Corporation (NASDAQ:INCY) from Buy to Hold, citing worries about the impending patent expiration for Jakafi. Despite successful launches of new products, concerns remain about revenue loss mitigation efforts. Oncology programs show promise, but face stiff competition. Multiple data readouts expected in 2025 may impact investor confidence. On the flip side, TD Cowen maintains a Buy rating, while BofA Securities upgrades the stock target. Positive trial results boost confidence in Incyte’s future. RBC Capital Markets and BMO Capital Markets adjust ratings following FDA approvals. InvestingPro…

Oil Prices Surge Over $5 per Barrel, J.P. Morgan Analysts Cautiously Optimistic – What’s Next? After weeks of volatility, oil prices have bounced back by over $5 per barrel from recent lows, though they remain down $8 per barrel from levels a month ago. The key question now is whether this rally will extend or fade. Analysts at J.P. Morgan are cautiously optimistic, pointing to several factors that could sustain the recovery in the near term. J.P. Morgan had earlier flagged that the market was stretched on the short side, with risk/reward dynamics favoring a price rebound. That call proved…

IDW Media Holdings (IDWM) Q3 2024 Earnings Call: Strategic Restructuring and IP Focus Set Stage for Future Growth IDW Media Holdings (IDWM) recently held its Third Quarter Fiscal Year 2024 earnings call, unveiling a promising future fueled by strategic restructuring and a renewed focus on intellectual property (IP). CEO Davidi Jonas and CFO Andrew DeBaker discussed the company’s financial performance, spotlighting a significant revenue contribution from non-Penguin Random House (PRH) sources, including substantial orders from Scholastic (NASDAQ:). Despite a robust quarter, the company’s market valuation remains undervalued, with management identifying IP assets as the cornerstone for future growth. Key Takeaways…

By Tom Sims FRANKFURT – Commerzbank is set to appoint CFO Bettina Orlopp to lead negotiations with UniCredit regarding a possible takeover, sources familiar with the matter revealed. This move comes as the Italian bank explores the option of acquiring its German counterpart. Commerzbank has a tumultuous history with mergers and acquisitions, experiencing various significant events over the years: 1870-1970s: Founded in Hamburg, later moved to Berlin, and established its headquarters in Frankfurt in 1970. 1970s: Expanded to London, New York, and other European capitals. 2008: Acquired Dresdner Bank from Allianz in a $14.5 billion deal and sought government assistance…