Author: Multibagger News

Tech Stocks Tumble as Federal Reserve’s Big Decision Looms: Here’s What You Need to Know By Johann M Cherian and Purvi Agarwal (Multibagger) – The financial markets are holding their breath as technology stocks drag both the S&P 500 and the Nasdaq Composite lower ahead of a critical Federal Reserve monetary policy decision this week. Investors are bracing for a substantial reduction in borrowing costs, with a majority now expecting a steep cut. Key Market Movements: Nvidia (NASDAQ: NVDA): Dropped 2% Broadcom (NASDAQ: AVGO): Fell 2.2% Qualcomm (NASDAQ: QCOM): Declined 1.5% Amazon.com (NASDAQ: AMZN): Lost 0.70% Tesla (NASDAQ: TSLA): Down…

Unveiling India’s Economic Growth Potential: Minister Forecasts Surge in Spending to Boost GDP in Upcoming Months As the world’s top investment manager, financial market journalist, and SEO mastermind, I bring you exclusive insights into India’s economic outlook. According to a recent statement by a government minister, India’s spending is set to increase significantly in the coming months, leading to a boost in GDP growth. This news comes as a ray of hope for investors and market watchers, as India continues to recover from the economic impact of the pandemic. With increased spending expected across various sectors, including infrastructure, healthcare, and…

In a statement on Monday, the Kremlin addressed the Ukrainian connections of the alleged shooter involved in the assassination attempt on former U.S. President Donald Trump, emphasizing the consequences of “playing with fire.” This remark was a direct allusion to the U.S.’s support of Ukraine in its conflict with Russia, as Washington has provided significant military aid to Kyiv in an effort to assist Ukrainian forces against Russia. When questioned about the FBI’s characterization of the incident as an attempted assassination of Trump, Kremlin spokesperson Dmitry Peskov responded by stating, “It is not us who should be thinking, it is…

Former Revolut Executives Launch Neverless, The Revolutionary Crypto App with $6.7M Funding In a groundbreaking move, three former Revolut executives have unveiled Neverless, an app that offers commission-free crypto trading and an automated passive investment account with the potential to transform user returns. Neverless has secured $6.7 million in funding, marking one of the largest pre-seed rounds in European history. The company has also obtained VASP registrations in multiple European countries, solidifying its presence in the market. “We’re going after all the platforms that exploit their users with fees.” – Rita Riera, Director of Neverless Spain Neverless stands out by…

Lake Street Capital Markets Adjusts Outlook on Stratasys Inc. (NASDAQ: SSYS) – Analyst Lowers Price Target to $11.00 Lake Street Capital Markets has revised its outlook on Stratasys Inc. (NASDAQ: SSYS), a leading provider of 3D printing solutions. The firm’s analyst has decreased the price target on the company’s shares to $11.00, down from the previous $15.00 target, while maintaining a Buy rating on the stock. The analyst believes that Stratasys has the potential to emerge as a consolidator in the 3D printing sector once market conditions improve. There is also anticipation of significant latent demand within the industry, which…

Market Shifts: Deutsche Bank Reports Sharp Decline in Stock Positioning – Here’s What It Means for Your Investments Stock positioning has taken a notable dip this week, sliding closer to neutral levels, as per Deutsche Bank’s latest data. The aggregate equity positioning now hovers just above neutral, boasting a z-score of 0.20 and landing in the 54th percentile. This represents a dramatic shift from mid-July, when positioning was near its peak historical range. Understanding the Metrics A z-score measures how far a value deviates from the mean, stated in terms of standard deviations. This helps investors gauge whether current positioning…

Investing.com Exclusive: New York Fed President Urges Fed to Cut Rates by 50 Basis Points to Prevent Recession In a bold move, New York Federal Reserve President Bill Dudley is calling for a 50-basis-point cut in interest rates at the upcoming Fed policy meeting. In a recent Bloomberg Opinion piece, Dudley argues that a larger cut is essential to avoid a potential recession and bring monetary policy in line with the Fed’s goals of price stability and maximum sustainable employment. Dudley points out that while economic data has shown some resilience, the labor market is starting to show signs of…

Iran Ready for Direct Talks with U.S. if Hostility Ends: President Masoud Pezeshkian In a groundbreaking statement, President Masoud Pezeshkian of Iran expressed willingness to engage in direct talks with the United States, but on one condition – the U.S. must demonstrate its goodwill in practice and end its hostility towards the Islamic Republic. The possibility of direct talks between Iran and the U.S. comes in the wake of former President Donald Trump’s withdrawal from the 2015 nuclear deal, which led to the reinstatement of harsh sanctions on Iran. Since then, Tehran has gradually breached the agreement’s nuclear limits. President…

Title: IBM Launches Qiskit Functions Catalog for Easier Quantum Programming | Latest Updates As the world’s best investment manager and financial market journalist, I bring you the latest news on IBM’s launch of the Qiskit Functions Catalog, a revolutionary set of services aimed at simplifying quantum computer programming. With the goal of abstracting complexities and making quantum computing more accessible, IBM’s Vice President, Jay Gambetta, believes this is the next big transition in the industry. Quantum computers are evolving rapidly, with current generation machines becoming usable for a limited set of experiments. IBM’s Qiskit, a leading quantum programming framework, is…

Title: Icahn Enterprises L.P. (NASDAQ:IEP) Triumphs Over Dismissal of Class Action Lawsuit: What Investors Need to Know Meta Description: Dive into the recent legal and financial developments surrounding Icahn Enterprises L.P. (NASDAQ:IEP) as they emerge victorious in a class action lawsuit dismissal. Discover the company’s financial health, market performance, and potential investment opportunities. Icahn Enterprises L.P. (NASDAQ:IEP) recently celebrated a significant win as a U.S. District Court Judge dismissed a proposed class action lawsuit against the company and certain directors and officers. The claims, originating from reports by Hindenburg Research, failed to demonstrate material misrepresentations or fraudulent intent by IEP.…