Author: Multibagger News

Oracle Crushes Q1 Earnings Expectations with Multicloud Deal, Stock Surges 5% In a stunning display of dominance, Oracle (NYSE: ORCL) reported exceptional fiscal Q1 results, fueled by impressive growth in its cloud services and license support business. The tech giant also announced a groundbreaking multicloud agreement with Amazon Web Services, further solidifying its position as a leader in the industry. Following the report, Oracle’s shares soared 5% in after-hours trading, signaling strong investor confidence in the company’s performance. The numbers speak for themselves – Oracle delivered adjusted earnings per share of $1.39 on revenue of $13.3 billion, surpassing analysts’ expectations…

Russian Market Surge: Key Insights from Moscow’s Stock Performance Investing.com – Russia’s Stock Market Closes Higher: Key Sectors Drive Gains In a robust performance, Russian stocks soared post-market close on Monday, led by significant gains in critical sectors. The Moscow Exchange (MOEX) index climbed by an impressive 3.02%, reflecting a bullish sentiment among investors. Top Performers of the Day: AFK Sistema (MCX:AFKS): Surged by 7.29%, adding 1.18 points to close at 17.31. Ozon Holdings PLC (MCX:OZON): Increased by 6.89%, gaining 217.00 points to end the session at 3,367.00. VK Company Ltd DRC (MCX:VKCO): Rose by 5.85%, up 20.40 points to…

The Federal Reserve Plans to Keep 50 Basis Point Rate Cut Option, Markets Speculate on Larger Cuts Investing.com — In a recent note, analysts at Capital Economics suggest that the Federal Reserve is likely to keep the 50 basis point rate cut option in its back pocket as the economy continues to show signs of slowing down. While market bets on a 50 basis point rate cut at the upcoming FOMC meeting have slightly decreased, there is speculation of larger cuts in the future based on signals from Fed officials. Fed Governor Christopher Waller has expressed support for larger rate…

Supreme Court Justice Elena Kagan Urges Less Rush on Emergency Docket, Impact on Financial Markets In a recent interview, Justice Elena Kagan of the U.S. Supreme Court expressed concerns about the court’s emergency docket, also known as the “shadow docket.” This process allows justices to quickly address pressing issues, sometimes without the usual deliberative process. Kagan, a member of the court’s liberal wing, highlighted the increase in cases on the shadow docket during the Trump administration and continuing into the Biden administration. She emphasized the importance of thoughtful lower court opinions in helping the Supreme Court make informed decisions. One…

Title: Apple Unveils iPhone 16 with Revolutionary AI Features – Will it Reignite Sales? As the world’s best investment manager and financial market’s journalist, I bring you the latest news on Apple’s highly anticipated iPhone 16 launch. With business slowing down, Apple is under immense pressure to innovate and capture the attention of buyers. In a bold move, the tech giant revealed the iPhone 16, equipped with cutting-edge AI technology and a revolutionary external camera button. During Apple’s “Glowtime” event, where they unveiled the iPhone 16 and other products, the company’s stock price took a hit and ended the day…

Unveiling the Future: Apple Introduces the iPhone 16 with Revolutionary AI Features In a move to rejuvenate iPhone sales, Apple has launched the highly anticipated iPhone 16 with cutting-edge AI capabilities. The external camera button is just a hint of the powerful AI technology embedded within the latest smartphone, setting a new standard for the industry. Despite the grand reveal at Apple’s “Glowtime” event, the company’s stock experienced a slight dip, reflecting concerns about its competitiveness in the AI realm. As the market leader in smartphones, Apple is under pressure to innovate and stay ahead of the curve. With the…

As the world’s best investment manager and financial market journalist, I bring you the top three news stories from the weekend that you need to know about. Let’s dive in! Dogecoin Drops Below $0.10 Over the weekend, Dogecoin (DOGE) saw a significant drop below the crucial $0.10 level, causing concern among investors. The decline in DOGE’s value, coupled with low trading volumes, indicates a lack of buying interest and a potential further correction. Technical indicators suggest continued bearish momentum for Dogecoin, unless there is a surge in interest or support from key influencers. Peter Brandt Comments on Bitcoin Correction Legendary…

Insider Trading Alert: Golub Capital BDC, Inc. Chairman Lawrence E. Golub Acquires $593,800 Worth of Shares – Should You Follow Suit? Golub Capital BDC, Inc. (NASDAQ:GBDC) has recently witnessed significant insider trading activity, with Chairman Lawrence E. Golub purchasing 40,000 shares of the company in transactions totaling approximately $593,800. These purchases, made on September 5 and 6, 2024, at prices ranging from $14.78 to $14.91 per share, have caught the attention of investors and market watchers. Insider buying is often seen as a signal of confidence in a company’s future prospects. Mr. Golub’s acquisitions, given his role as a director…

Biden Administration Greenlights Major Nevada Transmission Line: A Boost for Clean Energy and Jobs (Multibagger) – The Biden administration has given the green light to a significant transmission line in Nevada that will stretch hundreds of miles along the state’s border with California, delivering power to approximately 5 million homes. Why This Approval Matters This landmark decision underscores the administration’s commitment to fast-tracking major clean energy projects as a cornerstone of its climate change and job creation agendas. President Joe Biden aims to decarbonize the U.S. electricity grid by 2035, a monumental task that necessitates substantial investments in new transmission…

Goldman Sachs CEO Predicts 10% Drop in Trading Revenue for Third Quarter – Expert Analysis As the world’s premier investment manager and financial market journalist, I bring you the latest insights on Goldman Sachs’ trading revenue forecast. According to CEO David Solomon, the Wall Street giant is expected to see a 10% decrease in trading revenue for the third quarter due to challenging market conditions, especially in the month of August. Despite this setback, Goldman Sachs reported a significant increase in profit during the second quarter, driven by a resurgence in dealmaking. Debt underwriting and fixed-income trading were standout performers…