Author: Multibagger News

Breaking News: Form3 Secures $60 Million in Funding to Revolutionize Financial Services Industry The global economy is facing challenges, but Form3 is on a mission to change the game. Form3, a startup connecting financial players with microservices and APIs to enable account payments, just announced a massive $60 million in funding. This investment, led by British Patient Capital, brings Form3’s Series C total to $220 million, with support from big names like Visa, Goldman Sachs, and MasterCard. Form3 is not your typical fintech disruptor. Founded in 2016 by former Barclays employees Mike Walters and Michael Mueller, the company was born…

Great Ajax Corp. (NYSE: AJX) stock has maintained its Neutral rating by BTIG as the company progresses in its transformation into a commercial mortgage real estate investment trust (REIT). The firm’s coverage transition comes after Great Ajax completed a major transaction and restructured its investment portfolio. Recently, Great Ajax completed the sale of a significant portion of its residential loan portfolio, finalizing a transaction with Rithm Capital. This included Rithm Capital becoming the external manager and acquiring $14 million of AJX stock at a price of $4.87 per share, along with providing a $70 million term loan to facilitate the…

Indian Stock Market Surges: Key Performers and Sectoral Gains Detailed NSE and BSE Close Higher Amidst Sectoral Gains Investing.com – The Indian stock market witnessed a positive uptrend on Tuesday, with notable gains in various sectors propelling the indices higher. The NSE Nifty 50 rose by 0.42%, closing on a positive note, while the BSE Sensex 30 edged up by 0.44%. Top Performers: Divi’s Laboratories and LTIMindtree Shine Divi’s Laboratories Ltd. (NS:DIVI): One of the standout performers, Divi’s Laboratories saw a significant surge of 5.09%, adding 263.50 points to close at an all-time high of 5,437.00. LTIMindtree Ltd (NS:LTIMINDTREE): This…

Title: The Latest on Threads: Potential Integration with Instagram Inbox Introduction: As the world’s best investment manager and financial market journalist, I have exclusive insights on Threads’ recent developments. Despite user demands, Threads is not currently working on a separate inbox. However, they may soon make it easier to send messages to Instagram directly from the Threads app. Body: App researcher Adwaith Varma recently shared an unreleased Threads feature, showcasing a new messaging button on users’ profiles. This button would allow users to quickly send messages to someone’s Instagram inbox straight from the Threads app. Threads has confirmed that this…

Oracle Corporation (NYSE: ORCL) Receives Price Target Boost to $140 Amid Strong AI Compute Demand DA Davidson, a leading financial services firm, has raised its price target for Oracle Corporation (NYSE: ORCL) shares to $140 from $105, maintaining a Neutral rating. The adjustment follows Oracle’s solid performance driven by increased demand for AI training compute capacity on its Oracle Cloud Infrastructure (OCI). Oracle’s recent quarterly results showcased a significant uptick in AI compute demand, fueling the company’s growth. DA Davidson anticipates continued robust demand for AI compute in the coming year, supported by Oracle’s existing contract backlog, which is expected…

U.S. Stock Futures Wobble Ahead of Key Inflation Report: Apple Slips, Oracle Soars By [Your Name], Renowned Investment Manager and Financial Market Journalist (Multibagger) – U.S. stock index futures showed indecision on Tuesday, as investors braced for a critical consumer price inflation report later in the week. This report is expected to solidify predictions regarding the Federal Reserve’s interest rate decision on September 18. Apple’s Premarket Struggles Apple Inc. (NASDAQ: AAPL) shares declined over 1% in premarket trading. The tech giant faced competition from Huawei’s innovative tri-fold smartphone, which overshadowed Apple’s latest iPhone and product launches. Additionally, Apple lost a…

Berenberg Adjusts Price Target on United Internet, Maintains Buy Rating – Latest Analysis Berenberg, the renowned investment firm, has recently adjusted its outlook on United Internet (UTDI:GR) and revised the price target to EUR42 from the previous EUR43. Despite the slight reduction in price target, the firm maintains its Buy rating on the stock. This adjustment comes after a thorough evaluation of the company’s second-quarter results, focusing on its listed components, 1&1 and IONOS. The new price target is the result of a detailed discounted cash flow (DCF) analysis, which now includes the latest financial data from the two subsidiaries.…

Apple Stock Dips as iPhone 16 AI Features Unveiled and EU Court Rules Against Tax Practices As the world’s best investment manager and financial market journalist, I bring you the latest news on Apple (NASDAQ: AAPL) stock. Apple’s shares are slightly down in premarket US trading following the launch of the new iPhone 16 with artificial intelligence enhancements and a ruling by the European Court of Justice against the company’s tax practices in Ireland. The tech giant revealed updates to its flagship iPhone, including improvements to Siri and smart camera features for professional video editing. Analysts are optimistic about Apple’s…

Volkswagen’s Massive Recall: 99,000 EVs in the US Affected by Door Handle Problems Volkswagen is taking significant action by recalling nearly 99,000 electric vehicles (EVs) in the United States due to a critical issue with their door handles. This recall affects a substantial portion of VW’s innovative EV lineup, underscoring the importance of addressing safety and functionality concerns in the rapidly evolving electric vehicle market. The Core Issue The problem revolves around a malfunction in the door handles of the affected EVs. According to Volkswagen, the exterior door handles may not function as intended, potentially causing the doors to not…

London Stock Market Falls as AstraZeneca Weighs on FTSE 100 | Investment Update In the latest market update, London’s stock market saw a slight dip as AstraZeneca’s performance dragged down the benchmark index. The FTSE 100 fell by 0.6% while the mid-cap index was down by 0.1%. The pharma and biotech sector experienced a significant decline, with AstraZeneca shedding 5.4% after disappointing results from a key lung cancer trial. Additionally, cooling wage growth in the UK has reinforced expectations for further interest rate cuts by the Bank of England. This development has led to concerns about the overall health of…