Author: Multibagger News

“Taiwanese Electric Scooter Giant Gogoro’s CEO Steps Down Amid Subsidy Fraud Allegations – What This Means for Investors and the Financial Market” Gogoro, the renowned Taiwanese electric scooter manufacturer and battery swapping pioneer, has been rocked by scandal as its CEO and chairman Horace Luke resigns amidst subsidy fraud allegations. The company is under scrutiny for allegedly using Chinese parts in its e-scooters to cut manufacturing costs, despite claiming to use locally made components to qualify for government subsidies. In a regulatory filing, Gogoro admitted to “certain irregularities” in its supply chain that led to the inadvertent inclusion of imported…

Bitcoin ETFs Outperform Ethereum ETFs by $16.7 Billion: What Does This Mean for Your Investments? As the world’s top investment manager and financial market journalist, I bring you the latest data on the performance difference between Bitcoin and Ethereum ETFs. Recent numbers show a stark contrast between the two assets, with Bitcoin ETFs experiencing a net inflow of 305,000 BTC, while Ethereum ETFs have seen a net outflow of 189,200 ETH. This significant difference in flows signals a growing institutional interest in Bitcoin over Ethereum. Institutions seem to be losing confidence in ETH, as evidenced by covert selling of holdings…

HSBC has updated its outlook on Oracle Corporation (NYSE: ORCL), increasing the stock’s price target to $210 from $180 while maintaining a Buy rating. The firm’s analyst projects Oracle’s revenue to surpass $66 billion by fiscal year 2026 and $104 billion by fiscal year 2029, up from $52.9 billion reported for fiscal year 2024. Oracle’s strategic entry into the cloud infrastructure market with a second-generation cloud has positioned the company as a leader in high-performance, scalable, and efficient cloud solutions. HSBC’s note from March 12, 2024, highlighted Oracle’s progress in this area, citing market share gains due to its technologically…

The Future of AR/VR: Explosive Growth Projected by 2025 Amid AI Integration Global AR/VR Headset Market to Surge 41.4% by 2025 Driven by AI and Cost-Effective Options (Multibagger) – A seismic shift is on the horizon for the augmented reality (AR) and virtual reality (VR) headset market. According to research firm IDC, global shipments are expected to skyrocket by 41.4% in 2025, fueled by more affordable devices and the incorporation of cutting-edge artificial intelligence features. Why It Matters: Despite a challenging year marked by elevated prices and economic instability, which led to a 28.1% year-over-year decline in AR and VR…

Introducing iOS 18: Apple’s Latest Software Update Hits iPhones Today Apple’s highly anticipated iOS 18 software update is finally here, bringing a host of new features and improvements to iPhone users worldwide. Despite earlier speculation about the inclusion of AI technology in this release, Apple Intelligence features will not be available until iOS 18.1. The rollout will begin in the U.S. before expanding to other regions. Stay tuned for our in-depth analysis of iOS 18 and its potential impact on Apple’s stock price and the overall tech industry. Analysis: Apple’s latest software update, iOS 18, is set to revolutionize the…

Breaking News: Fed Interest Rate Cut Probability Soars Above 50%, Bitcoin Rally to Continue? In a recent update from Bloomberg terminal shared on the X platform, data from CME FEDWATCH indicates that the likelihood of a significant interest rate cut has surpassed 50%. This news comes ahead of the scheduled FOMC meeting on September 18, where a decision on reducing interest rates is anticipated. Currently, the data from CME FEDWATCH shows that there is a 63% chance of a 50 basis point rate cut, while the probability of a 25 basis point cut stands at 37%. The expectation of a…

Microvast Holdings Launches Revolutionary Battery Technologies at IAA Transportation 2024 Microvast Holdings, Inc. (NASDAQ: MVST) unveiled its cutting-edge battery solutions at IAA Transportation 2024, including HnSO Cells, LTO Cells, and the third-generation MV-I Pack. These innovations are set to transform the performance and safety of electric commercial vehicles, with energy densities of up to 300 Wh/kg and over 20,000 cycles. The HnSO Cells offer exceptional energy density and longevity, making them ideal for long-range BEVs and HEVs. Meanwhile, the LTO Cells focus on safety and high-power applications, boasting up to 20,000 cycles and 100 Wh/kg energy density. The MV-I Pack…

Humanity’s Last Exam: The New Frontier in AI Testing – Are We Ready for Expert-Level Intelligence? By Jeffrey Dastin and Katie Paul (Multibagger) – A groundbreaking initiative has emerged, challenging the brightest minds to craft the toughest questions for artificial intelligence systems. This global call, spearheaded by the Center for AI Safety (CAIS) and Scale AI, aims to push AI beyond its current capabilities, heralding what some are calling "Humanity’s Last Exam." What Is "Humanity’s Last Exam"? The project seeks to determine when AI reaches expert-level proficiency. As AI continues to ace popular benchmark tests, this initiative aims to create…

Top White House economic adviser Lael Brainard declares U.S. economy has turned the corner in lowering inflation and focuses on safeguarding labor market progress as Federal Reserve prepares for monetary easing cycle In a Council on Foreign Relations event, Brainard states inflation is returning to normal levels without significant job losses and growth slowdown President Biden emphasizes Fed independence as Brainard outlines administration’s actions to support recovery, highlighting the need for more work to address price pressures and higher living costs Analysis: The U.S. economy, under the guidance of top economic adviser Lael Brainard, is showing signs of improvement with…

ASTANA (Multibagger) – In a high-level meeting, Kazakh President Kassym-Jomart Tokayev advised German Chancellor Olaf Scholz to consider supporting China’s peace proposal for the Ukraine crisis. Tokayev emphasized that military defeat of Russia is not a viable solution and urged for diplomatic efforts to achieve peace. Scholz, on his first official visit to Central Asia, is exploring new energy and mineral sources amidst the ongoing conflict in Ukraine. While Kazakhstan maintains a close relationship with Russia, it has refrained from taking sides in the conflict. Tokayev stated, “Russia cannot be defeated militarily, and further escalation will have dire consequences for…