Author: Multibagger News

The Ultimate Guide to Wednesday’s Stock Market: Nvidia Surge Leads Tech Sector Higher, Inflation Data Affect Fed Rate Cut Bets In today’s session, US stocks managed to cut losses thanks to a Nvidia-led rally, offsetting concerns about a potential smaller Federal Reserve interest rate cut. The benchmark index gained 0.5%, with the tech-heavy index rising 1.4%, while the 30-stock index fell slightly by 0.02%. Nvidia Corporation saw a significant surge of over 6% after reports suggested the US government might lift a ban on exporting advanced chips to Saudi Arabia. This surge in Nvidia’s stock pushed other chipmakers and the…

Top Nippon Steel Execs and U.S. Steel CEO to Meet Senior U.S. Officials to Rescue $14.9 Billion Deal Amid National Security Concerns By Alexandra Alper and David Shepardson — WASHINGTON (Multibagger) – In a high-stakes bid to salvage a $14.9 billion acquisition, top executives from Nippon Steel and U.S. Steel are set to meet with senior U.S. officials on Wednesday. The negotiations will include Takahiro Mori, a key Nippon negotiator, and U.S. Steel CEO David Burritt. Treasury Deputy Secretary Wally Adeyemo and Commerce Deputy Secretary Don Graves are expected to participate in the discussions, according to a source familiar with…

Senator Ben Cardin and other lawmakers are urging President Biden to allow Ukraine to defend itself more effectively against Russian attacks. Biden, Ukraine, Russia, weapons, restrictions, war By Patricia Zengerle WASHINGTON (Multibagger) – U.S. President Joe Biden’s administration faced increasing pressure from both Republicans and his fellow Democrats on Wednesday to ease restrictions on how Ukraine can use weapons provided by the United States in its war against Russia. Senator Ben Cardin, the Democratic chair of the Senate Foreign Relations Committee, noted recent Russian attacks that killed civilians and destroyed infrastructure, calling for quick action. “It’s time to allow Ukraine…

As the world’s top investment manager and financial market journalist, I bring you the latest insights from the United Nations. In a recent interview with Multibagger, U.N. Secretary-General Antonio Guterres expressed his outrage over the lack of accountability for the killing of U.N. staff and humanitarian aid workers in the Gaza Strip. This is a critical issue that affects not only the lives of those directly involved but also has broader implications for global security and stability. Guterres also addressed the crisis in Haiti, where armed gangs have taken over much of the capital, leading to mass displacements, sexual violence,…

Insider Selling Alert: Tyler Technologies Inc. CFO Sells $1.46 Million in Stock While Acquiring More Shares In a recent move, Brian K. Miller, the Executive Vice President and Chief Financial Officer of Tyler Technologies Inc. (NYSE:TYL), has sold a substantial amount of company stock. According to the latest filings, Miller parted with a total of 2,500 shares at an average price range between $585.57 and $587.54, resulting in a total sale value exceeding $1.46 million. This transaction occurred on September 9, 2024, as reported by the company to the Securities and Exchange Commission. The sales were made in multiple transactions…

Supreme Court Showdown: Native American Group Battles Mining Giants Rio Tinto and BHP Over Sacred Arizona Land By Ernest Scheyder (Multibagger) – In a dramatic twist in the ongoing saga of religious rights and the energy transition, a Native American group has petitioned the U.S. Supreme Court to stop global mining giants Rio Tinto (NYSE: RIO) and BHP from accessing Arizona land earmarked for one of the world’s largest copper mines. The Battle for Chi’chil Biłdagoteel: A Struggle Between Sacred Land and Copper Demand Apache Stronghold, an advocacy group representing Arizona’s San Carlos Apache tribe and conservationists, is challenging a…

Public Service Enterprise Group (NYSE: PSEG) stock has soared to an all-time high of $81.91, showcasing strong market confidence and growth. With a 35.13% increase in stock value over the past year, PSEG has captured investor interest with its consistent performance and strategic initiatives. The company’s focus on sustainable energy solutions and infrastructure investments has attracted long-term investments, aligning with the market’s shift towards environmentally conscious assets. In recent developments, PSEG received an upgrade from Ladenburg Thalmann, shifting its stock rating from Neutral to Buy. This upgrade follows a rise in the Reliability Pricing Model (RPM) price during the PJM…

Breaking News: Boeing Faces Potential $3.5 Billion Hit as Factory Workers Vote on Strike – What Investors Need to Know By Allison Lampert (Multibagger) – Boeing (NYSE:) on Edge as Workers’ Vote Threatens Major Strike In a pivotal moment for Boeing, the aerospace giant faces the possibility of a disruptive strike as early as Friday. Factory workers in the Pacific Northwest are set to vote on Thursday on whether to reject a tentative contract agreement that has left many of them infuriated. This vote could lead to a work stoppage, potentially costing Boeing between $3 billion and $3.5 billion over…

Donald Trump’s Debate Performance Analyzed: How It Could Impact the Financial Markets | SEO-Optimized Content By Alexandra Ulmer and Gram Slattery In a recent debate with Democratic Vice President Kamala Harris, Republican presidential candidate Donald Trump received mixed reviews from officials, donors, and advisers. While Trump praised his own performance, some criticized his handling of the debate. Trump claimed it was one of his best debates, but some Republican leaders, like Senator Lindsey Graham, expressed disappointment in his performance. Critics pointed out that Harris effectively controlled the debate and highlighted Trump’s legal challenges and fitness for office. Former Trump ally…

Discover why Huadi International Group Co., Ltd. (HUDI) stock has hit a 52-week low of $1.91 in the midst of a challenging market environment. Learn how this metal products company is faring amidst significant headwinds, with a year-to-date total return decrease of -34.54% and a 3-month price total return of -19.11%. Find out what key metrics reveal about HUDI’s financial health and market valuation, including a low earnings multiple (P/E Ratio) of 10.65 and a modest Price to Book ratio of 0.37. InvestingPro Insights: Uncover Hidden Opportunities Gain exclusive access to InvestingPro’s data and tips on HUDI’s cash burn rate,…