Author: Multibagger News

UBS Downgrades Interpublic Group to Sell, Analysts Warn of Revenue Decline and Profit Margin Impact UBS has revised its stance on Interpublic Group (NYSE:IPG), downgrading the company’s stock from Neutral to Sell and adjusting the price target downwards to $29 from $34. The decision comes as the analyst believes that the consensus has not fully accounted for the impact of significant account losses, including the recent departure of Amazon (NASDAQ:)’s media account. The firm predicts a downturn in Interpublic Group’s organic growth for 2025, anticipating a decline of 1.1%, which contrasts with the more optimistic consensus projection of a 1.4%…

Moderna Stock Dips 5.9% Following $1.1 Billion R&D Budget Cut – What Investors Need to Know Moderna (NASDAQ: MRNA) experienced a notable 5.9% decline in premarket trading on Thursday, a reaction to the pharmaceutical giant’s announcement of significant reductions in its research and development (R&D) budget. Strategic R&D Cuts to Propel Commercial Growth At its annual R&D Day, Moderna unveiled plans to slash R&D expenses by approximately $1.1 billion, adjusting projected costs from $4.8 billion in 2024 to between $3.6 billion and $3.8 billion by 2027. This strategic move aims to prioritize the company’s existing product pipeline and enhance commercial…

As the Best Investment Manager, Here’s How Trump’s Tariffs Could Impact Your Portfolio Investing.com — Republican presidential candidate Donald Trump’s tariff proposals could have significant implications for S&P 500-listed companies if he enacts them after securing a second term, analysts at Barclays warn. Trump’s plans include imposing aggressive tariffs on the $3 trillion worth of imports into the US, with proposals ranging from a 10% to 20% levy on all foreign goods to a 60% tax on items from China. These measures are aimed at protecting working-class jobs and addressing what Trump perceives as unfair practices by US trading partners,…

Turkey Launches Investigation into Death of Turkish-American Activist Shot by Israeli Troops in West Bank Turkey has opened an investigation into the tragic death of Turkish-American activist Aysenur Ezgi Eygi, 26, who was believed to have been shot by Israeli troops in the occupied West Bank. The body of Eygi is set to arrive in Turkey on Friday, as confirmed by the Foreign Ministry. Israel has taken responsibility for the incident, stating that Eygi was killed last Friday during a protest against Jewish settlement expansion in the West Bank. The Foreign Ministry of Turkey has condemned the act, claiming that…

Unveiling Alaska Air Group’s Financial and Operational Outlook: An Investor Update Alaska Air Group, Inc. (NYSE: ALK), a prominent airline company, has recently provided crucial insights into its financial and operational performance through an Investor Update filed with the SEC. This update, in compliance with Regulation FD, aims to keep investors informed about the company’s current status and future prospects. Located in Seattle, Washington, Alaska Air Group operates under the Air Transportation industry classification and trades on the NYSE under the ticker symbol ALK. The company’s recent update, signed off by Emily Halverson, Vice President of Finance and Controller, is…

Uncover the Hidden Risks in Commodities: HSBC Analysts Issue Stark Warning In a recent report, HSBC analysts have raised concerns about the downside risks facing commodities, despite their prices remaining at elevated levels over the past 18 months. While supply-side constraints have been the primary driver of commodity prices, slowing global demand and geopolitical uncertainties are posing new challenges. Although global commodity prices are still significantly higher than their pre-pandemic averages, when adjusted for inflation, they are closer to historical norms. The supply-side “super-squeeze” has been a key factor in maintaining these elevated prices. Global economic growth is slowing, with…

India Stock Market Soars to New Heights: Key Players and Market Insights India’s Stock Market Hits Record Highs: Key Players and Market Insights SEO Keywords: India Stock Market, NSE, BSE, Hindalco Industries, Bharti Airtel, NTPC, Market Analysis, Investment Insights — Market Overview: The Indian stock market witnessed a remarkable surge on Thursday, with significant gains across various sectors propelling shares to new heights. The NSE Nifty 50 index soared by 1.59%, achieving an all-time high, while the BSE Sensex 30 index climbed 1.77%, reflecting robust market sentiment. Top Performers: Hindalco Industries Ltd. (NS:) Performance: +4.15% (26.90 points) Closing Price: ₹674.60…

By Nicolás Misculin and Lucinda Elliott BUENOS AIRES (Multibagger) – Argentina’s Peronists, chastened by a painful election loss last year, are trying to find a unifying message and leader to counter libertarian President Javier Milei, attacking his spending cuts and talking up local initiatives. But so far they’ve failed to land any serious blows. Milei, a bombastic outsider who favors austerity to get Argentina’s parlous finances back on track, smashed the status quo when he took power last December, ousting the left-leaning Peronists who have dominated local politics since Juan Peron and his wife “Evita” founded the movement in the…

Donald Trump’s China Policy: Potential Implications for U.S.-China Relations – Analysis by Michael Martina By Michael Martina WASHINGTON (Multibagger) – Donald Trump’s China policy could have significant implications for U.S.-China relations if he is re-elected for a second term. Many of the top candidates for foreign policy roles in a potential Trump administration are currently sanctioned by China, leading to a complex diplomatic situation. China sanctioned 28 former Trump administration officials early in President Joe Biden’s term, including key figures like Mike Pompeo and Robert O’Brien. The relationship between the U.S. and China could be further strained if these officials…

TTEC Holdings Announces Executive Leadership Change – Michelle Swanback to Step Down by December 31, 2024 TTEC Holdings, a global leader in customer experience services, revealed a major shift in its executive leadership team. Michelle Swanback, President of TTEC and CEO of TTEC Engage, will be resigning from her positions by the end of 2024. This news comes as part of the company’s ongoing efforts to drive growth and maintain its position in the customer experience sector. John P. Abou, who recently joined TTEC as President of TTEC Engage, will take over Swanback’s duties within the Engage business segment. Meanwhile,…