Author: Multibagger News

FRANKFURT (Multibagger) – Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets. Less than 2% of the EU’s heavy freight vehicles are now electric and hydrogen-powered. To meet the bloc’s carbon emission reduction targets, the share should rise to 40% of new sales by 2030, the study released before the IAA Transportation 2024 truck show in Hanover showed. Currently production costs for electric trucks are 2.5-3 times higher…

U.S. Stock Futures Dip Amid Rising Odds of Kamala Harris Victory: Key Inflation Data in Focus Market Overview: On Wednesday, U.S. stock index futures experienced a dip as investors increasingly anticipate a win for Democrat Kamala Harris in the upcoming presidential elections. Simultaneously, market participants are keenly awaiting a crucial inflation reading scheduled for later in the day. Political Influence on Market Sentiment: For weeks, investors have been recalibrating their expectations ahead of the Federal Reserve’s policy meeting next week. The forthcoming inflation data will play a pivotal role in shaping these expectations. However, the recent U.S. presidential debate has…

U.S. Inflation Data in Focus Ahead of Federal Reserve Rate Decision – Expert Analysis by Dhara Ranasinghe As the world watches a fiery U.S. presidential debate, upcoming U.S. inflation numbers are quietly waiting to make a big impact on the markets. The August consumer price inflation report, set to be released later today, is the final major data release before the highly anticipated Sept. 18 Federal Reserve rate decision. With markets still pricing in a 35% chance of a 50 basis points cut next week (a 25 bps cut is already priced in), the latest inflation numbers could shift traders’…

Germany Tightens Borders to Reduce Irregular Migration – What You Need to Know Germany has announced plans to extend controls to all its land borders in an effort to reduce irregular migration, marking a shift from its previous open-door policy. This move could strain regional unity and impact travel within the European Union. The government will implement temporary controls starting on Sept. 16, lasting for six months. They also proposed to toughen up the implementation of EU asylum rules, including detaining asylum seekers to determine if Germany is responsible for processing their case. Analysts believe these plans are politically motivated,…

Breaking News: U.K. Startup Tem Disrupts Utilities Industry with Renewable Energy Platform As the world’s best investment manager and financial market journalist, I am excited to share with you the latest groundbreaking news from the U.K. startup, Tem. Tem is revolutionizing the utilities industry by connecting businesses directly to renewable energy sources, cutting out the middlemen, and streamlining the process with innovative technology. In a recent Series A round led by European venture capital firm Atomico, Tem raised an impressive £10.5 million ($13.7 million). This investment comes at a crucial time when nations worldwide are striving to reduce carbon emissions…

Orion Group Holdings, Inc. Prices Public Offering to Raise $25 Million In a recent development, Orion Group Holdings, Inc. (NYSE: ORN) has announced the pricing of its public offering of 4,860,000 shares of common stock at $5.15 each, with the aim of raising approximately $25 million before expenses. The proceeds from this offering are intended for working capital and other corporate needs, including potential debt repayment. The company has also granted underwriters a 30-day option to purchase up to 729,000 additional shares. The offering is expected to close around Thursday, subject to standard conditions. Orion Group Holdings operates in the…

Why Savvy Investors Should Steer Clear of Europe’s China-Exposed Stocks Right Now As of September, Citi analysts strongly advise caution for investors eyeing European stocks with significant exposure to China, often referred to as "China proxies." Despite the allure of low valuations following recent declines, Citi Research analysts caution that it is premature to capitalize on this weakness. The underlying challenges in China’s economic recovery, coupled with a lack of meaningful catalysts, render these stocks a risky bet in the short term. Key Points: China’s Economic Struggles: China’s economy has underperformed in 2024, jeopardizing Beijing’s 5% GDP growth target. Weakened…

China’s State Council to Strengthen Insurance Industry Oversight and Risk Prevention – Expert Analysis In a groundbreaking move, China’s state council has announced plans to issue concrete guidelines aimed at bolstering supervision and mitigating risks within the nation’s insurance industry. This development comes as a response to the growing need for regulatory measures to ensure the stability and integrity of the sector. The upcoming guidelines will entail stringent approval processes for the establishment of new insurance agencies, with a focus on enhancing the overall quality of services provided. Additionally, the government is set to extend support to qualified enterprises looking…

Breaking News: President Joe Biden Calls for Full Accountability in Fatal Shooting Incident in Israel In a recent statement, President Joe Biden condemned the fatal shooting of an American protester, Aysenur Ezgi Eygi, in Israel, calling her death “totally unacceptable.” Biden emphasized the need for Israel to take full responsibility and ensure that such incidents never happen again. The incident occurred during a protest march in Beita, a village near Nablus, where Palestinians have been facing attacks from far-right Jewish settlers. While Israel has claimed that Eygi’s death was accidental, Biden demanded full accountability and continued access for the ongoing…

Title: Google Chrome Enhances Tab Grouping Feature for Seamless User Experience Across Devices As the world’s best investment manager, financial market’s journalist, and SEO mastermind, I am thrilled to bring you the latest update from Google Chrome. The tech giant is making waves in the browsing world by introducing tab groups to iOS devices, allowing users to organize their tabs efficiently and access them seamlessly across all their devices. In this groundbreaking update, users can now long-press on a tab in the Chrome app to create a new tab group or add it to an existing one. Additionally, they can…