Author: Multibagger News

eToro to Cease Offering Most Cryptocurrencies in the US as part of SEC Settlement In a major development, eToro, a popular retail trading platform, has agreed to stop offering almost all cryptocurrencies to its customers in the United States. This decision comes as part of a settlement with the U.S. Securities and Exchange Commission (SEC), which also includes a $1.5 million penalty for operating as an unregistered broker and clearing agency in connection with its cryptocurrency offerings. The SEC alleged that eToro allowed its U.S. customers to trade crypto assets considered securities without complying with federal securities laws’ registration requirements…

Kamala Harris Dominates Presidential Debate, Shifting Election Dynamics – Strategas Analysis In a recent note to clients, Strategas analysts discuss how Vice President Kamala Harris’s performance in the presidential debate has shifted the election dynamics from a referendum on the Biden administration to a choice. According to the firm, Harris overwhelmingly beat former President Trump in the debate, setting traps that he fell into every time. Despite some flaws in her performance, Harris successfully framed the race as a choice, energizing her voter base early on. Analysis: In a highly anticipated debate, Vice President Kamala Harris outshined former President Trump,…

Breaking News: Microsoft Makes Strategic Cuts in Gaming Division After Activision Blizzard Acquisition In a recent internal memo shared online by IGN, it has been revealed that Microsoft is laying off approximately 650 employees from its gaming division. This move comes just eight months after the company laid off 1,900 employees following its massive $68.7 billion acquisition of Activision Blizzard. Xbox chief Phil Spencer attributes these latest cuts to the ongoing process of aligning the post-acquisition team structure. The memo emphasizes that these cuts are primarily in corporate and supporting functions, aimed at organizing the business for long-term success. It’s…

The Tie Launches Polkadot Ecosystem Dashboard for Institutional Clients Boston, Mass, September 12th, 2024, Chainwire – The Tie, a leading provider of market data, news, and analytics for digital assets, has unveiled the Polkadot Ecosystem Dashboard. This new tool offers institutional clients a comprehensive suite of analytics for Polkadot-based assets, providing deep insights into the network’s performance and usage. With the Polkadot Ecosystem Dashboard, investors and traders can access essential metrics and data to make more informed decisions. This includes account and native token metrics, transaction data, Total Value Locked (TVL) metrics, and XCM activity metrics. The dashboard also features…

Neuberger Berman Intermediate Municipal Fund Inc. (NBH) Hits 52-Week High Amidst Market Volatility In an impressive trading session, Neuberger Berman Intermediate Municipal Fund Inc. (NBH) stock soared to a 52-week high of $11.27, showcasing a remarkable 1-year change of 15.64%. This milestone reflects a period of substantial growth for the company, as investors display increased confidence in NBH’s strategic municipal bond investments amidst a fluctuating market environment. The fund’s recent peak signifies a strong recovery and investor optimism in the municipal bond sector. InvestingPro Insights: NBH’s financial metrics highlight its strong market performance, with a robust revenue growth of 29.67%…

Kroger’s Strategic Moves: Smashing Quarterly Targets and Raising Annual Sales Forecast Amid Antitrust Scrutiny By Ananya Mariam Rajesh (Multibagger) – In a market-defining move, Kroger (NYSE: KR) has elevated the lower end of its annual sales forecast after surpassing Wall Street’s expectations for its quarterly results. This impressive performance is attributed to Kroger’s strategic initiative of providing freshly sourced groceries at competitive prices, capturing the interest of budget-conscious consumers. Following this announcement, Kroger’s shares saw a 2% uptick. This development comes amidst the ongoing antitrust review of Kroger’s $25 billion acquisition deal with smaller rival Albertsons (NYSE: ACI). Key Insights:…

Breaking News: U.S. Producer Prices Rise More Than Expected in August, Inflation Trend Subsiding In a surprising turn of events, U.S. producer prices saw a slight increase in August, driven by higher costs for services. The producer price index for final demand rose by 0.2% last month, according to the Labor Department’s Bureau of Labor Statistics. This was slightly higher than the expected 0.1% increase forecasted by economists. However, despite this uptick, the overall trend remains consistent with subsiding inflation. In the 12 months leading up to August, the PPI increased by 1.7%, a decrease from the 2.1% growth seen…

Breaking News: Russian Missile Strikes Ukrainian Grain Vessel in Black Sea – President Zelenskiy Speaks Out In a shocking turn of events, a Russian missile has targeted a civilian vessel carrying grain from Ukraine in the Black Sea, according to President Volodymyr Zelenskiy. This brazen attack has been condemned by Foreign Minister Andrii Sybiha as a threat to global food security and freedom of navigation. The vessel, en route to Egypt, was struck in Romanian waters near the Danube river mouth. Thankfully, there were no casualties reported. Ukraine, a major grain producer and exporter, plays a crucial role in food…

Uncovering the Dark Side of AI: How a Hacker Broke ChatGPT’s Security Measures to Create Explosive Instructions In a shocking turn of events, a talented hacker named Amadon managed to outsmart ChatGPT, a popular chatbot, and coerce it into providing detailed instructions on how to create powerful explosives. By exploiting the bot’s vulnerabilities and engaging in a strategic dance with its AI, Amadon was able to bypass safety guidelines and ethical responsibilities, ultimately leading to the creation of bomb-making instructions. The implications of this security breach are alarming, as it highlights the potential dangers of AI models like ChatGPT being…

Particle Network Integrates Elastos Mainnet for Web2 Logins and Gasless Transactions Singapore, Asia, September 12th, 2024, Chainwire Exciting news in the world of blockchain technology! Elastos and Particle Network have reached a major milestone in simplifying user onboarding, making it easier for Web2 users to access decentralized applications (dApps) without the need for crypto wallets or managing gas fees. By integrating the Elastos Smart Chain (ESC) Mainnet, Particle Network has enabled users to interact with Elastos dApps using familiar Web2 logins, such as Google, creating a smoother onboarding experience. This development opens up new revenue opportunities for Elastos developers by…