Author: Multibagger News

Iran’s Transfer of Ballistic Missiles to Russia Condemned by France, Germany, and Britain In a bold move, the governments of France, Germany, and Britain have come together to condemn the transfer of Iranian ballistic missiles to Russia. This shocking development has sparked outrage and calls for immediate action to protect European security. The announcement followed a statement by U.S. Secretary of State Antony Blinken, revealing that Russia had received ballistic missiles from Iran and was planning to use them in its ongoing war in Ukraine. This dangerous escalation has raised concerns worldwide and prompted swift responses from key players in…

Boeing’s August Surge: Deliveries Up, Challenges Ahead – What Investors Must Know (Multibagger) – In a pivotal move for the aviation industry, Boeing (NYSE: BA) announced the delivery of 40 commercial jets in August, a five-jet increase from the same month last year. This comes despite earlier struggles with manufacturing defects on its flagship 737 MAX model. Under new CEO Kelly Ortberg, Boeing aims to ramp up production rates significantly. Boeing’s Strategic Production Goals Boeing is committed to escalating the production of its best-selling 737 MAX jets to 38 units per month by the end of the year. However, the…

The Federal Reserve Expected to Lower Interest Rates in 2024, Majority of Economists Predict 25 Basis Point Cuts at Each Meeting – Indradip Ghosh In a recent Multibagger poll, a majority of economists are anticipating the Federal Reserve to lower interest rates by 25 basis points at each of the central bank’s three remaining policy meetings in 2024. This comes as inflation approaches the Fed’s 2% target and there are signs of an economic slowdown. Currently, the federal funds rate has been held in the 5.25%-5.50% range since July 2023. After a mixed jobs report for August, interest rate futures…

Russia Nears Completion of New Treaty with Iran, Boosting Bilateral Relations In a groundbreaking development, Russia is on the verge of finalizing a new bilateral treaty with Iran, as confirmed by top security official Sergei Shoigu. This significant move is set to strengthen ties between the two nations, marking a new era of cooperation. Over the past two and a half years, Russia has been actively fostering relationships with countries like Iran and North Korea, which are at odds with the United States. This strategic alignment has raised eyebrows in Washington, with accusations of support for Russia’s military efforts. However,…

Breaking News: Apple Faces $14 Billion Tax Charge – Evercore ISI Reaffirms Outperform Rating with $250 Target Price On Tuesday, Evercore ISI reiterated its Outperform rating on Apple shares (NASDAQ:) with a steady price target of $250.00 despite the European Court of Justice’s ruling that Apple must pay approximately $14 billion in back taxes. This decision stems from a dispute over tax rulings in Ireland from 1991 to 2007. Apple is set to take a $10 billion tax charge in the current quarter, resulting in a $0.66 EPS headwind. However, this is a one-time charge and is expected to have…

Title: Deere & Co. Settles $9.93 Million SEC Bribery Charges: What It Means for Investors and Your Finances By Jonathan Stempel — In a significant move, Deere & Co. (NYSE: DE), a leading name in agricultural equipment and heavy machinery, has consented to a $9.93 million settlement to resolve charges from the U.S. Securities and Exchange Commission (SEC). The charges stem from allegations that its subsidiary in Thailand engaged in bribery and other improper practices to secure government business. The Settlement Breakdown The SEC’s charges highlight that high-level managers and employees from Deere’s Wirtgen Thailand unit made inappropriate payments to…

By David Lawder WASHINGTON (Multibagger) – Vice President Kamala Harris and Republican opponent Donald Trump have proposed new tax breaks and spending plans in an effort to sway voters with promises of easing financial burdens. According to budget forecasters, Trump’s agenda is projected to significantly increase federal debt compared to Harris’ plans. Trump aims to extend all 2017 tax cuts, exempt Social Security and tip income from taxes, and further reduce corporate income taxes. These changes could potentially add $3.6 trillion to $6.6 trillion to primary U.S. deficits over the next decade. On the other hand, Harris’ proposals, such as…

By Gary McWilliams and Marianna Parraga HOUSTON (Multibagger) -Tropical Storm Francine was intensifying and on track to become a hurricane on Tuesday, the U.S. National Hurricane Center said, prompting Louisiana residents to flee inland and oil and gas producers to shut-in Gulf of Mexico production. Francine could wallop the Louisiana coast on Wednesday with life-threatening winds, drenching rains and an up to 10-foot storm surge. Authorities called for a mandatory evacuation of residents in three coastal communities, schools were shut and officials distributed sandbags. The storm is anticipated to be just offshore of the coasts of northeastern Mexico and southern…

Revolutionizing Cargo Transportation: Inversion Space’s $71 Million Reentry Capsule Contract with U.S. Space Force Inversion Space, a cutting-edge startup based in Los Angeles, is making waves in the transportation industry with its innovative reentry capsule technology. With a recent $71 million contract from SpaceWERX, the technology development arm of the U.S. Space Force, Inversion is on track to launch a demonstration mission of its full-scale reentry vehicle by 2026. The autonomous reentry capsule, known as Arc, is designed to autonomously land anywhere on Earth with incredible precision, delivering hundreds of pounds of cargo to remote locations or battlefields. This groundbreaking…

Zug, Switzerland, September 10th, 2024, Chainwire Discover how Yessin Schiegg, the finance guru behind Vitalik Buterin, is revolutionizing the travel industry with Camino Network Foundation. Yessin Schiegg, a renowned financial expert, joins the Camino Network Foundation to lead the way in blockchain technology tailored for the travel industry. With a background in traditional finance and web3, Schiegg’s expertise will shape the future of Camino Network’s token launch. As a former director at BlackRock and CFO at the NEAR Foundation, Schiegg brings a wealth of experience to the Council, focusing on Tokenomics and web3 finances. His strategic insights will bridge the…