Author: Multibagger News

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.…

Stocks Surge to Record Highs as Investors Anticipate Fed Rate Cut | Investing Insights 2024 Stocks rallied to new heights this week, with the S&P 500 and Nasdaq notching their best weekly gains of the year. The S&P 500 closed just below its all-time high, while the Nasdaq surged on the back of tech stocks. Mega-cap tech and semiconductor companies led the charge, propelling the market higher after a recent period of underperformance. Looking ahead, all eyes are on the Federal Reserve’s upcoming policy meeting, where a 25 basis point rate cut is widely expected. Economists are divided on the…

Citigroup Appoints New Data Management Task Force Amidst $136 Million Fine: What It Means for Investors (Multibagger) – Citigroup (NYSE: C) has appointed Tim Ryan, its technology head, to collaborate with Chief Operating Officer Anand Selva in tackling the bank’s persistent data management challenges, according to an internal memo obtained by Multibagger on Monday. Ryan, who joined Citigroup in June from PwC’s U.S. operations, will co-lead the data program alongside Selva, who remains focused on the bank’s overarching transformation efforts, the memo indicated. "We’ve been explicit about our need to fast-track our progress in this (data) domain and, as a…

Kazakhstan Boosts Output of Metals for Electric Vehicle Batteries to Attract Fresh Investment Kazakhstan is on a mission to increase its production of metals crucial for electric vehicle (EV) batteries, with the country’s industry minister issuing hundreds of new exploration licenses to attract new investments in the sector. As a reliable supplier of critical materials outlined by the European Union, Kazakhstan aims to capitalize on the growing demand for battery materials such as lithium, cobalt, manganese, nickel, and graphite. In an interview, industry minister Kanat Sharlapaev emphasized Kazakhstan’s reliability as a long-time supplier in the market. The country, known for…

By Brad Brooks LONGMONT, Colorado (Multibagger) – A Colorado judge has made a controversial decision to reduce the prison sentence of a paramedic involved in the 2019 death of Elijah McClain, a young Black man who tragically passed away after being put in a chokehold by police officers. Judge Mark Warner, who presided over multiple trials related to McClain’s death, decided to lessen the punishment for emergency medical worker Peter Cichuniec to just four years of probation, as confirmed by Suzanne Karrer, a spokesperson for the Colorado judicial branch. Initially, Cichuniec had been sentenced to five years in prison back…

As the world’s best investment manager and financial market’s journalist, you cannot afford to miss this groundbreaking news from the US Food and Drug Administration. The FDA has just approved sleep apnea detection on the latest Apple Watch Series 9, Series 10, and Watch Ultra 2. This approval comes just four days before the highly anticipated release of the Series 10 on September 20. During last week’s iPhone 16 event, Apple announced this new feature, which will be included in the upcoming watchOS 11 release. Once activated, the feature will analyze 10 nights of sleep tracking data over a 30-day…

Unite Launches Inaugural Earning Season with $UNITE Token Rewards in Mom’s Kitchen Game Unite, a revolutionary Layer 3 blockchain solution built on Base and supported by industry giants like Coinbase Ventures and OKX Ventures, is excited to announce the start of its first in-game season for the popular casual mobile game, Mom’s Kitchen: Cooking Games. Since its launch in June, Unite has garnered over 5 million downloads on iOS and Android, aiming to bridge the $90 billion mobile gaming industry with 2.8 billion players into the world of web3. Introducing the $UNITE Airdrop Bonus Multiplier in Mom’s Kitchen Mom’s Kitchen:…