Author: Multibagger News

By Marcela Ayres BRASILIA (Multibagger) – Brazilian economists surveyed weekly by the central bank are now expecting a rate hike at this month’s monetary policy meeting following stronger-than-expected economic data. This shift comes after a surprising growth in the second quarter, prompting upward revisions for this year’s expansion. According to the central bank’s survey, expectations now see a 25-basis-point hike in each of the three remaining rate-setting meetings this year, with borrowing costs closing 2024 at 11.25%. The market’s concern about balancing economic growth with inflation control is highlighted, pointing to a higher interest rate environment to contain inflationary pressures.…

Title: U.S. House Report on Afghanistan Withdrawal Reveals Biden Administration Failures As the world’s best investment manager and financial market journalist, I bring you the latest update on the U.S. House report published by Republicans regarding the U.S. withdrawal from Afghanistan. According to White House national security spokesperson John Kirby, the report offers nothing new but highlights the Biden administration’s failures in communication and decision-making. The report, released on Monday, criticizes the Biden administration for delaying the evacuation of noncombatants and for lacking effective communication between departments in Washington and officials in Afghanistan. These shortcomings have raised concerns about the…

At the latest “Glowtime” iPhone event, Apple unveiled its groundbreaking iPhone 16 lineup, featuring AI-powered functionality through Apple Intelligence and a partnership with OpenAI, the creator of ChatGPT. This marks a significant shift in the user experience, as Siri will evolve from a simple voice assistant to a powerful personal AI assistant. Some immediate improvements include the ability to type questions to Siri, engage in natural conversations, and even change the wake word for Siri. Developers will also have access to SiriKit to integrate Apple Intelligence into their own apps, expanding the AI capabilities beyond Apple’s first-party apps. Even AirPods…

VEON Ltd. (NASDAQ: VEON) Hits New 52-Week High with Strong Growth and Resilience In a stunning display of market resilience, VEON Ltd. (NASDAQ: VEON), a leading global provider of connectivity and internet services, has reached a new 52-week high, with its stock price peaking at $28.49. This milestone highlights a period of robust growth for the company, with its stock value surging by an impressive 69.25% over the past year. Investors have shown increased confidence in VEON’s strategic initiatives and operational advancements, propelling the stock to unprecedented levels and signaling a positive outlook for the company’s future performance. Recent reports…

Google’s Privacy Sandbox: A Threat to Competition in Digital Advertising? By Akash Sriram and Harshita Mary Varghese As the world’s leading investment manager and financial markets journalist, it’s vital to understand how Google’s (NASDAQ:) Privacy Sandbox initiative is shaking up the ad-tech industry. With U.S. and UK regulators scrutinizing the tech giant’s move, smaller ad-tech companies are raising alarms about potential market disruptions. Privacy Sandbox: A Double-Edged Sword Google’s Privacy Sandbox aims to enhance user privacy by anonymizing data and using group targeting rather than individual tracking, replacing the traditional third-party cookies. However, regulators in the U.S. and UK are…

Investment Manager’s Insight: US Calls for Full Inquiry into Killing of American Turkish Woman in West Bank In a recent development, the United States has urged Israel to conduct a thorough investigation into the tragic killing of Aysenur Ezgi Eygi, an American Turkish woman, in the Israeli-occupied West Bank. Reports indicate that Eygi was shot by Israeli troops during a protest against settlement expansion. According to Palestinian officials, the incident occurred during a demonstration in Beita, a village near Nablus, known for clashes between Palestinians and Jewish settlers. The US State Department has expressed its expectation for Israel to make…

Unveiling the Future of iPhone with Visual Search Powered by Apple Intelligence In a groundbreaking move, Apple is introducing visual search to the iPhone, revolutionizing the way we interact with technology. The new Camera Control feature on the iPhone 16 and 16 Plus will harness the power of Apple Intelligence, the tech giant’s cutting-edge AI capabilities. With visual intelligence, users can conduct reverse image searches and leverage text recognition to access a wealth of information at their fingertips. For instance, searching for a restaurant will yield crucial details such as operating hours, ratings, and even options to view the menu…

Goldman Sachs Reiterates Neutral Rating on Rivian Automotive Inc (RIVN) with $13 Price Target: Analysis and Future Outlook Goldman Sachs recently reiterated its Neutral rating on Rivian Automotive Inc (NASDAQ:RIVN) with a steady price target of $13. The analysis highlighted key points regarding the electric vehicle manufacturer’s outlook and challenges. Rivian aims for modest single-digit volume growth in 2024 but faces headwinds like supply chain issues and broader macroeconomic factors. However, potential longer-term growth drivers include the R2 platform introduction, expanding commercial vehicle sales beyond Amazon, and non-vehicle revenue streams. The joint venture with Volkswagen is seen as beneficial for…

Investment Manager Reveals: Pemex Refinery Fire Claims Two Lives In a tragic turn of events, two workers lost their lives and another was injured in a fire at Mexico’s largest domestic refinery owned by Pemex. The incident occurred at the Salina Cruz refinery in Oaxaca state over the weekend, causing disruptions in operations. Plant manager Arturo Recio explained that the fire was sparked by a storm that caused drains filled with oily waste to overflow into the walkways inside the complex. Despite the quick response from company workers and civil protection, two young workers lost their lives and another was…

Breaking News: Apple’s iPhone 16 Unveiled at Cupertino Event – Revolutionary Features Revealed Apple Inc. (NASDAQ: AAPL) has just wrapped up its highly anticipated iPhone 16 launch event, and the tech world is buzzing with excitement. Held at its Cupertino headquarters, Apple introduced a slew of new products that promise to redefine the consumer technology landscape. Key Announcements from Apple’s Event New Product Lineup: iPhone 16 and iPhone 16 Pro: Designed with advanced Apple Intelligence. Apple Watch Series 10: Featuring groundbreaking health functionalities. AirPods 4: Enhanced with new hearing health features. Apple Watch Series 10: Redesign and Features: The watch…