Author: Multibagger News

Title: “Dollar/Yen Pair in Focus as Fed Expected to Begin Easing Cycle – Market Analysis by Tom Westbrook” As the world’s best investment manager and financial market journalist, I bring you a detailed look at the day ahead in European and global markets. Tokyo traders have returned from a holiday weekend, with the dollar/yen pair and the 140 milestone taking center stage this week. Market pricing for a Fed rate cut is on the rise, with potential impacts on the yen’s performance. The yen has experienced significant gains recently, and further movement is expected if influenced by the Fed or…

France Leads Global Effort to Crack Down on Tech Titans with Tough New Law By Gabriel Stargardter Paris prosecutors have set their sights on Telegram CEO Pavel Durov, leveraging a groundbreaking new law to target tech giants enabling illegal activities on their platforms. The LOPMI law, implemented in January 2023, positions France at the forefront of countries taking a stricter approach towards crime-infested websites. However, the law’s effectiveness remains untested as prosecutors have yet to secure a conviction. Despite the law being uncharted territory in the legal system, a French judge recently placed Durov under formal investigation for various crimes…

Bitcoin’s price experienced a slight drop on Tuesday as all eyes turn towards an upcoming Federal Reserve meeting where a rate cut is anticipated. The cryptocurrency fell 0.1% to $58,291.4, remaining within its established trading range of $50,000 to $60,000 for most of the year. Trump Unveils Details on Crypto Project During a recent launch event, the team behind World Liberty Financial, a crypto project supported by the Trump family, revealed key information about their platform. The project is expected to be a crypto banking and exchange platform with its own native token, WLFI. The token distribution will allocate 20%…

Unlocking Indonesia’s Surprising Trade Surplus: August Exports and Imports Beat Expectations As the world’s best investment manager and financial market journalist, I am thrilled to report that Indonesia has exceeded all expectations with a trade surplus of $2.89 billion in August. This figure far surpasses the $1.96 billion that was predicted in a Multibagger poll, showcasing the country’s resilience and strength in the global market. In August, Indonesia’s exports grew by an impressive 7.13% year-on-year to reach $23.56 billion, outpacing the median forecast of a 3.83% annual rise. On the other hand, imports totaled $20.67 billion, marking a 9.46% increase…

Breaking News: Russian National Arrested in Florida for Smuggling Military Technology to Russia In a shocking development, a Russian national living in Sarasota, Florida, has been apprehended on charges of smuggling, money laundering, and illegally exporting technology to Russia that could be used in drone production. The U.S. Department of Justice revealed this alarming information on Monday. The indictment claims that Denis Postovoy, aged 44, allegedly acquired and clandestinely shipped microelectronic components with military applications to Russia after the country’s invasion of Ukraine in 2022. This technology could potentially enhance Russia’s ability to conduct its ongoing war against Ukraine, as…

Breaking News: Bluesky Surpasses 10 Million Users as X Faces Ban in Brazil Bluesky, the rising social network, has hit a milestone with over 10 million users on its platform. This surge in users comes after Elon Musk-owned X was banned in Brazil, propelling Bluesky to the forefront of social media in the country. The rapid growth of Bluesky has been fueled by the vacuum left by X’s exit, with other social networks like Meta’s Threads also seeing a spike in popularity. Bluesky is currently dominating the top 10 spots in the App Store and Play Store ratings for social…

US and Japan Near Landmark Deal to Limit Tech Exports to China Amid Retaliation Threats In a pivotal move that could reshape global tech markets, the United States and Japan are on the brink of finalizing a strategic agreement to limit technology exports to China’s burgeoning chip industry. Despite Tokyo’s concerns about potential retaliatory measures from Beijing against Japanese firms, the Financial Times reported the deal is nearing completion, citing sources familiar with ongoing negotiations. Analysis: What This Means for You and Your Finances Simplified Breakdown: What’s Happening? The US and Japan are about to agree on new rules to…

Find out how Ursa Major’s latest contract win is boosting the rocket propulsion industry and what it means for investors and the defense sector. By Mike Stone WASHINGTON (Multibagger) – U.S. rocket propulsion startup Ursa Major announced on Tuesday that it has secured a $12.5 million contract to expand production and testing of new solid fuel rocket engines. This contract, while relatively small, is part of a larger initiative by the Pentagon to increase the number of rocket manufacturers, especially as stockpiles are depleted due to ongoing conflicts in Ukraine and Israel. CONTEXT The funding is part of the Pentagon’s…

Investing.com– Gold prices fell slightly in Asian trade on Tuesday, but remained close to record highs amid growing conviction that the Federal Reserve will cut interest rates by a wide margin this week. The yellow metal hit a record high on Monday and traded just below those levels as traders began pricing in a 50 basis point rate cut by the Fed on Wednesday. Strength in gold came following weakness in the dollar and Treasury yields.  Gold futures fell 0.2% to $2,578.03 an ounce, while spot gold expiring in December fell 0.1% to $2,605.05 an ounce by 23:56 ET (03:56…

The Hidden Dangers of Partial Automation: Why Tesla and Volvo’s Systems May Be Riskier Than You Think By Abhirup Roy (Multibagger) – Recent studies reveal a concerning trend: drivers using partial automation systems, such as Tesla’s Autopilot and Volvo’s Pilot Assist, are more likely to engage in distracting activities like checking their phones or eating. This behavior, while seemingly benign, poses significant risks, as many easily skirt the rules designed to limit distractions. Why This Matters: The Race for Safer, Easier Driving Although fully autonomous cars are not yet a reality, the race among major automakers to deploy partially automated…