Author: Multibagger News

China’s Economic Slowdown: Industrial Production and Retail Sales Fall Short of Expectations As the world’s best investment manager and financial market journalist, I bring you the latest news on China’s economic indicators. Chinese industrial production and retail sales grew less than expected in August, signaling a deteriorating economic condition in the country. Industrial production rose by 4.5% year-on-year in August, falling short of expectations for a 4.5% increase and weakening from the 5.1% rise in July. This indicates that factory activity, a bright spot in the Chinese economy, is under pressure from sluggish local demand and increased trade restrictions imposed…

In the early hours of Monday, oil prices saw a slight increase as there is anticipation of a U.S. interest rate cut this week. However, gains were limited due to U.S. supply resumptions post-Hurricane Francine and weaker data from China. Oil futures for November were up by 15 cents, or 0.2%, reaching $71.76 a barrel at 0015 GMT. Additionally, futures for October saw a 23-cent, or 0.3%, increase to $68.88 a barrel. Although both contracts closed lower in the previous session, concerns about supply disruptions have eased with Gulf of Mexico crude production resuming after Hurricane Francine. Moreover, data showing…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind London (Multibagger) – According to property website Rightmove, Britain’s housing market regained momentum in September following the Bank of England’s first interest rate cut in over three years and increased political stability post July 4th election. Rightmove reported a 0.8% increase in average asking prices for homes, reversing a 1.5% drop in August. This rise was double the usual for this time of year and the largest since 2016, with asking prices up 1.2% from a year earlier to £370,759 ($487,140). Tim Bannister, Rightmove’s director of property science,…

The Ultimate Financial Market Update: Yen Hits Yearly Highs as Federal Reserve Rate Cut Looms As the world’s best investment manager, I bring you the latest news from the financial markets. The yen has reached its highest levels for the year, causing a stir among traders as they await the Federal Reserve’s upcoming rate cut. With markets in Japan, China, and South Korea closed for holidays, trading in Asia has been slow but steady. The dollar is currently trading at 140.86 yen, near last week’s closing price and close to its end-December low. Speculation is rife about the Fed’s upcoming…

Fed Rate Cuts and Market Reactions: What You Need to Know Image Alt Text: U.S. Stock Index Futures Show Minimal Movement Ahead of Fed Meeting U.S. Stock Index Futures Steady as Fed Meeting Approaches Investing.com— U.S. stock index futures showed minimal movement on Sunday evening as investors braced for a pivotal Federal Reserve meeting this week, where a cut in interest rates is highly anticipated. Market sentiment was also cautious in the wake of reports concerning a second attempted assassination on Republican presidential candidate Donald Trump, although he emerged unscathed. Nasdaq 100 Futures rose slightly to 5,693.25 points. Dow Jones…

China’s Tactics on EU Duties: A Game of Carrots and Sticks By Mei Mei Chu, Joe Cash and Ellen Zhang Beijing’s strategic approach towards potential EU duties on China-made electric vehicles is causing ripples across the financial market. As the vote looms, China is employing a mix of threats and incentives to sway the 27 EU member states. The looming threat of counter-tariffs on EU goods, particularly affecting countries like Spain, France, and Italy, has put the spotlight on the intricate trade dynamics between China and the EU. With exports of pork, dairy, and brandy at stake, the stakes are…

Title: TikTok Faces Legal Battle in US Court Over Ban Threat: What Investors Need to Know In a high-stakes legal battle, TikTok will be defending itself against a law that could lead to its ban in the US unless its Chinese owner, ByteDance, sells it within nine months. This measure, signed into law by President Biden in April, aims to address concerns that US users’ data could be exploited by the Chinese government. TikTok and ByteDance have denied any ties to the Chinese authorities, calling the law an infringement on free speech rights. The social media platform, boasting over 170…

TikTok Faces Legal Battle Over US Ban: Will ByteDance Sell? TikTok is gearing up to fight against a law that could ban it in the US unless its Chinese owner, ByteDance, sells it within nine months. President Biden signed the measure in April, citing concerns about US users’ data being at risk of exploitation by China’s government. Despite denying any ties to Chinese authorities, TikTok and ByteDance are now facing a crucial legal battle. Representatives, along with eight TikTok creators, will make their case before a three-judge panel in Washington DC. The Department of Justice (DoJ) will also present their…

As the world’s top investment manager, financial market’s journalist, and SEO mastermind, I bring you the latest news on British manufacturers’ optimism following the Labour Party’s landslide election win. According to a survey by Make UK and BDO, factory output fell to a four-year low in the third quarter but is expected to surge to +33% in the fourth quarter of 2024. This positive outlook is attributed to the stable political environment post-election, with 58% of companies anticipating better economic growth prospects under the new government. Manufacturers are hopeful that the period of greater political stability will lead to improved…

As the World’s Top Investment Manager and Financial Market Expert, I reveal the shocking truth about the decline in support for women in STEM fields that could impact your finances. Ada Lovelace Day, a global celebration of women in STEM, is on the brink of collapse due to shrinking budgets and shifting priorities. Suw Charman-Anderson, the mastermind behind this initiative, warns that without adequate funding, the annual event may cease to exist. In a world where corporations are tightening their belts and diversity initiatives are taking a back seat, organizations supporting women in STEM are struggling to survive. High-profile groups…