Author: Multibagger News

Trump vs. Harris Debate: What Investors Need to Know About Taxes, Tariffs, and Regulation In a heated debate between Republican candidate Donald Trump and Democratic rival Kamala Harris, investors were left wondering how each candidate’s policies would impact the economy. Trump promises corporate tax cuts and tough tariffs, while Harris plans to raise corporate taxes. Analysts predict Trump’s plan could boost profits but fuel inflation, while Harris’s proposal may hurt corporate returns. Harris criticized Trump’s tariffs as a tax on the middle class, while Trump defended his plan and accused Harris of overseeing inflation during Biden’s term. The dollar strengthened…

Rentokil Initial Shares Plummet Amid Profit Warning: What Investors Need to Know Rentokil Initial Faces Major Setback: Shares Drop 17.8% After Profit Warning Investing.com – Shares of Rentokil Initial (LON: RTO) experienced a significant drop on Wednesday, falling by 17.8% to £391.10 at 5:37 am (0937 GMT), following a profit warning issued by the company. Key Factors Behind the Profit Warning Revised Revenue Growth: Rentokil Initial has cut its forecast for organic revenue growth in North America for the second half of the year to around 1%. This revision follows a disappointing trading performance in July and August, coupled with…

Sweden Boosts Justice System Spending to Tackle High Crime Rates in 2025 In a bold move to combat rising crime rates, Sweden has announced a significant increase in its justice system budget for 2025. The country will allocate an additional 3.46 billion crowns ($335 million) to address the growing issue of gang violence and gun-related crimes. With this latest budget bill, the overall justice system budget will see a substantial growth of 10% year-on-year, reaching 86.7 billion crowns in 2025. This comes in response to Sweden’s struggle with escalating gang violence, particularly involving minors, and the highest per-capita rate of…

Investment Gurus Blinken and Lammy Make High-Stakes Visit to Kyiv Amid Escalating Russia-Ukraine Conflict In a dramatic turn of events, U.S. Secretary of State Antony Blinken and British counterpart David Lammy have landed in Kyiv for urgent talks with Ukrainian President Volodymyr Zelenskiy. The high-profile visit comes at a critical juncture in the ongoing war, with Ukraine pressing its allies for support in striking deeper into Russian territory with advanced Western weaponry. “I think it’s a critical moment for Ukraine in the midst of what is an intense fall fighting season with Russia continuing to escalate its aggression,” Blinken emphasized…

Breaking News: BrilliantCrypto’s BRIL Token Now Listed on Bit2Me for European and Latin American Markets Tokyo, Japan, September 11th, 2024 – BrilliantCrypto, Inc. has officially listed the BRIL token on Bit2Me, a top cryptocurrency exchange in Europe. This move not only boosts BRIL’s accessibility in Europe but also expands its presence in Spanish-speaking markets in Latin America. With this listing, BrilliantCrypto’s mining community can now trade and invest in $BRIL across 66 countries where Bit2Me operates. Starting from September 10, 2024, users can trade $BRIL against key fiat and stablecoin pairs, BRIL/EURO and BRIL/USDT. This marks a significant milestone for…

Deutsche Bank Upgrades RENK Group AG Stock to Buy with €29.00 Price Target After Successful Capital Markets Day Deutsche Bank has upgraded its rating on RENK Group AG (R3NK:GR) stock from Hold to Buy, keeping a price target of €29.00. The upgrade comes after RENK’s first Capital Markets Day (CMD) on September 10, which initially received a lukewarm response from the market due to some confusion around the company’s guidance and goals. However, Deutsche Bank believes that these concerns have been addressed and clarified. The CMD provided a positive outlook that aligns with Deutsche Bank’s projections for RENK’s growth potential…

Goldman Sachs Bolsters Asia-Pacific M&A Leadership: Strategic Appointments to Drive Regional Growth By Kane Wu HONG KONG (Multibagger) – In a strategic move to strengthen its mergers and acquisitions (M&A) footprint in the Asia-Pacific region, Goldman Sachs has appointed Raghav Maliah, Yoshihiko Yano, and Ed Wittig as co-heads of its Asia-Pacific M&A division. This announcement, made via an internal memo and confirmed by a Goldman Sachs spokesperson, is set to enhance the bank’s deal-making prowess and cross-border transaction coverage in this dynamic region. Key Appointments: Raghav Maliah: Based in Hong Kong, Maliah serves as the Global Vice Chairman of Investment…

Find out why two Russian oligarchs and a key Russian financial institution lost their legal challenges against EU sanctions in the wake of Russia’s invasion of Ukraine. Learn more about the implications of these sanctions on the global financial markets and geopolitical landscape. As the world’s leading investment manager and financial market journalist, I bring you the latest updates on the EU’s decision to uphold sanctions against Russian oligarchs Gennady Timchenko and Mikhail Fridman, along with the National Settlement Depository. These sanctions, imposed in response to Russia’s invasion of Ukraine, have far-reaching implications for the global economy and geopolitical stability.…

By Andrea Shalal On the 23rd anniversary of the September 11 attacks, President Joe Biden and Vice President Kamala Harris will pay tribute to the nearly 3,000 lives lost by visiting the three sites where hijacked planes crashed in 2001. Biden and Harris will begin their day at the New York City site of the World Trade Center, where the twin towers were brought down by planes. Following this, they will travel to Shanksville, Pennsylvania, where passengers on United Flight 93 bravely thwarted the hijackers, causing the plane to crash in a field. Finally, they will visit the Pentagon memorial…

Berenberg Upgrades STRATEC SE (SBS:GR) Stock to Buy with EUR50.00 Price Target Amid Recovery Prospects On Wednesday, Berenberg upgraded its rating on STRATEC SE (SBS:GR) (OTC: SRBZF) stock from Hold to Buy, with a revised price target of EUR50.00, up from EUR41.00. This adjustment follows a significant decline in the company’s share price, dropping by approximately 70% since fiscal year 2021. The upgrade is driven by expectations of a sales rebound in STRATEC’s instruments business in the first half of 2024, leading to an anticipated increase in instrument placement activity over the next year. Additionally, a more favorable revenue mix,…