Author: Multibagger News

Breaking News: Second Attempted Assassination of Former President Donald Trump Thwarted by Secret Service Former President Donald Trump narrowly escaped a second assassination attempt outside his West Palm Beach golf course on Sunday. A gunman hiding in bushes near the property line was spotted by vigilant Secret Service agents clearing the course ahead of Trump’s arrival. Shots were fired by the agents, leading to the gunman fleeing the scene in a black Nissan. Authorities acted swiftly, issuing an alert with vehicle information that led to the suspect’s apprehension by deputies in neighboring Martin County. Palm Beach County Sheriff Ric Bradshaw…

Morgan Stanley Upgrades Chart Industries Stock to Overweight with $175 Price Target On Monday, Morgan Stanley upgraded Chart Industries (NYSE: GTLS) stock from Equalweight to Overweight and set a price target of $175.00. This move comes as a response to changing oil market conditions and the company’s focus on less oil-dependent sectors. The firm recognized the impact of lower assumed oil prices on the oilfield services and equipment (OFSE) sector, highlighting Chart Industries’ limited exposure to oil as a significant advantage. With less than 5% of its revenue coming from traditional energy sources, the company is well-positioned in the current…

As the world’s best investment manager, I bring you the latest news from the financial markets. The U.S. dollar fell on Monday, while the euro and sterling gained ground. This movement comes ahead of the expected start of a rate-cutting cycle by the Federal Reserve later this week. At 04:35 ET (08:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.4% lower to 100.357. Large Fed Cut Expected The Federal Reserve concludes its latest policy-setting meeting on Wednesday and is widely anticipated to start cutting interest rates from the 5.25%-5.5% range that…

Rexel Shares Surge After Rejecting QXO’s Undervalued Bid: Key Insights for Investors Investing.com — In a significant market move, shares of Rexel (EPA:) soared on Monday following the company’s announcement of rejecting an unsolicited preliminary acquisition offer from QXO (NASDAQ:). Market Reaction: As of 4:40 am (0840 GMT), Rexel’s stock price jumped 9.9%, trading at €25.25. The Offer: QXO’s bid, priced between €28.00 and €28.40 per share, was deemed inadequate by Rexel’s board. The board’s decision was based on the belief that the offer significantly undervalued the company. Board Statement: "Rexel’s Board of Directors has reviewed the proposal in detail…

HELSINKI (Multibagger) – Finland’s central bank issued a cautious outlook on Monday, indicating a sluggish and challenging path to recovery from recession. The bank reiterated its forecast of a contracting economy in 2024. Maintaining its 2024 GDP estimate of a 0.5% decline, in line with its previous June prediction, the central bank also revised its GDP growth projection for 2025 downward to 1.1% from 1.2%. ## Analysis: Finland’s central bank has painted a grim picture of the country’s economic recovery, with slow progress expected in the coming years. The forecasted GDP contraction in 2024 indicates ongoing challenges for the Finnish…

Toshima, Tokyo, Japan, September 15th, 2024, Chainwire Polter.Finance has officially launched on the Base Chain, connecting Fantom and Base in a groundbreaking move. As the top lending and borrowing platform on Fantom, Polter.Finance is now extending its services to Coinbase’s EVM Chain, opening up new possibilities for users. Meeting Community Demand Following the closure of the $GEIST platform on Fantom in the Summer of 2023, Polter.Finance emerged to fill the gap and cater to user needs. With a focus on providing a secure and familiar experience, Polter.Finance quickly gained traction and adoption on Fantom. Platform Features Polter.Finance offers a decentralized…

Discover the latest news on Nestle SA (SIX::SW) (OTC: NSRGY) as Morgan Stanley downgrades its stock rating to Underweight with a new price target of CHF 84.00. Find out why the analyst believes Nestle’s stock valuation has already peaked for 2025 and why other companies like Danone and Glanbia are more appealing in the European Staples sector. Learn about Nestle’s revised outlook for 2024, the appointment of a new CEO, and analyst assessments from Citi and Jefferies. Get InvestingPro insights on Nestle’s financial health, market position, and stock performance, including key metrics and tips for investors. Analysis The recent downgrade…

Title: Federal Reserve Rate Cut Odds Surge to 50% – Stock Market Set to Reach New Highs As the Federal Open Market Committee (FOMC) meeting approaches, the probability of a 50 basis points (bps) rate cut has jumped to 50%, a significant increase from earlier in the week. This potential rate cut could lead to a short-term boost in equities, with strategists at BTIG predicting the S&P 500 to hit new all-time highs above 5700 this week, regardless of the decision. In a recent note, BTIG strategists mentioned that a move to the top side of the rising trend channel…

Fed Rate Cuts: Why Labor and Growth Data Hold the Key to Market Trends Despite the much-anticipated Federal Reserve rate cuts on the horizon, Morgan Stanley strategists emphasize that the stock market’s focus will pivot to labor and growth data over the next several months, rather than the specific magnitude of the rate cuts. Here’s why this shift in focus is crucial and what it means for your investment strategy. The Core Argument: Labor and Growth Data Take Center Stage Morgan Stanley’s experts argue that robust labor and growth data could create a favorable environment for risk assets, even if…

Banca Generali Launches 98 Million Euro Buyout Bid for Intermonte – What This Means for Wealth Management Sector In a bold move, Italian private bank Banca Generali has announced a 98 million euro all-cash buyout bid for Intermonte, a Milanese broker. This acquisition aims to take Intermonte private and direct its services towards Banca Generali clients, signaling a strategic shift in the wealth management sector. Shares in Intermonte showed a significant increase of 19.6% following the announcement, reflecting the 21.9% premium offered by Banca Generali. This deal underscores the intense competition in the wealth management industry, with companies seeking market…