Author: Multibagger News

EU Court Ruling: Apple and Google Face Multi-Billion Euro Fines – What It Means for Investors Investing.com — In a landmark decision, the European Court of Justice ruled that Apple (NASDAQ:AAPL) benefited from 13 billion euros in illegal tax advantages granted by Ireland. Simultaneously, the court upheld a substantial multi-billion-euro fine against Alphabet-owned Google (NASDAQ:GOOGL) for anti-competitive practices. Apple’s Tax Controversy The European Union’s highest court determined that Apple Sales International (ASI) and Apple Operations Europe (AOE), both overseen by Apple and incorporated in Ireland, received state aid via tax benefits from 1991 to 2014. These entities avoided taxes on…

Italian Industrial Output Falls 0.9% in July, Third Quarter Starts Weak – What Does This Mean for Investors? Italian industrial output took a hit in July, falling 0.9% from the previous month, according to data released on Tuesday. This unexpected decline marks a weak start to the third quarter for the euro zone’s third largest economy. Analysts had predicted a much smaller 0.1% decrease. On a year-on-year basis, output was down 3.3%, continuing a trend of annual declines. The manufacturing sector in Italy is still struggling, with a 0.4% drop in output compared to the previous three months. July saw…

Investment Opportunity: Pope Francis Draws Massive Crowds in East Timor – Analysis By Joshua McElwee DILI (Multibagger) – An estimated 600,000 people in East Timor, just under half its population, turned out in the baking heat on Tuesday for a Mass with Pope Francis at a coastal park synonymous with the country’s long struggle for independence from Indonesia. Filling a wide, dusty area where Indonesian forces were known to have buried slain Timorese independence fighters, people arrived as early as 1 a.m. and sat on the ground, many braving the sun for hours in temperatures as high as 32 degrees…

Breaking News: Apple Ordered to Pay €13bn in Unpaid Taxes to Ireland by European Court of Justice (ECJ) In a landmark decision, the European Court of Justice (ECJ) has ruled that Apple must repay €13bn in unpaid taxes to Ireland. The EU Commission accused Ireland of granting Apple illegal tax advantages eight years ago, a claim that has been upheld by the ECJ. Apple has consistently denied any wrongdoing, stating that they always pay all the taxes they owe wherever they operate. The tech giant has been embroiled in a lengthy legal battle with the European Commission over the tax…

On Tuesday, RBC Capital Markets upgraded its rating for Alcon Inc. (NYSE: ALC) stock, a leading player in eye care, from Sector Perform to Outperform. The firm also increased its price target for the stock from CHF85.00 to CHF100.00. The upgrade was driven by a more optimistic outlook on Alcon’s future, particularly in the Surgery and Contact lenses segments. RBC Capital Markets cited positive feedback from key opinion leaders (KOLs) and anticipation of new product launches as reasons for the upgrade. The firm has revised its forecasts upward, with expectations slightly above the consensus for the year 2026. To reflect…

Title: US Dollar Resilience: Analysts Predict Rebound in Coming Months Investing.com — Despite recent weakness, BCA Research analysts are optimistic about the US dollar’s future, predicting a rebound in the coming months. The global economic landscape, marked by manufacturing downturns and financial market caution, is setting the stage for the dollar’s recovery. Global financial markets have witnessed the US dollar losing ground in 2024 due to uncertain economic conditions. The current contraction in global manufacturing and weakening oil and commodity prices are key indicators of the slowing global economic activity. BCA Research highlights that tightening global dollar liquidity is contributing…

Indonesia Stocks Surge to Record Highs: Key Performers and Market Analysis Introduction Investing in Indonesia: Record-Breaking Gains Amid Sectoral Strength Market Overview Jakarta Stock Exchange Soars On a remarkable trading day, Indonesia’s stock market closed on an upbeat note, driven by significant gains across various sectors. The Jakarta Composite Index (JKSE) climbed 0.48%, setting a new all-time high. Top Performers of the Day Maha Properti Indonesia Tbk PT (JK:): Leading the pack, this company’s shares skyrocketed by an astounding 1,150.00%, closing at 1,375.00. Sariguna Primatirta PT (JK:): Not far behind, this stock surged 921.74%, ending the session at 1,175.00. Pinago…

EU to Lower Tariff Rates for Electric Vehicles Imported from China, Benefiting Tesla Inc. (NASDAQ:) The European Union is set to decrease the proposed additional tariff rates for electric vehicles imported from China, including those by Tesla Inc. (NASDAQ:), according to Bloomberg sources. The new tariff rate for Tesla is expected to be just under 8%, down from the original 9%, based on updated data submitted by the companies involved. EU member states will vote on the final tariff proposal in November, with the revised rates to be applied on top of the existing 10% duty Chinese exporters already face.…

Breaking News: Apple Ordered to Pay €13bn in Unpaid Taxes to Ireland – European Court of Justice Ruling In a groundbreaking decision, the European Court of Justice (ECJ) has ordered tech giant Apple to pay back €13bn in unpaid taxes to Ireland. This decision comes after the EU Commission accused Ireland of granting Apple illegal tax advantages eight years ago. The court stated, “The Court of Justice gives final judgment in the matter and confirms the European Commission’s 2016 decision: Ireland granted Apple unlawful aid which Ireland is required to recover.” This ruling is a result of a lengthy legal…

Investment Manager’s Insight: Piper Sandler’s Neutral Rating on SY Bancorp (NASDAQ:SYBT) with $65.50 Price Target Piper Sandler recently assumed coverage on SY Bancorp, a leading bank trading on NASDAQ:SYBT, giving it a Neutral rating and a price target of $65.50. With headquarters in Louisville and $8.3 billion in assets, SY Bancorp operates 72 banking centers across key Metropolitan Statistical Areas (MSAs) in Kentucky, Indianapolis, and Cincinnati. The bank is known for its consistent profitability and EPS growth, driven by a strong commercial business model. Piper Sandler highlights SY Bancorp’s stable credit quality and reputation as a high-quality small to mid-cap…