Author: Multibagger News

Blockchain Technology Revolutionizing Payment Infrastructure: Binance Research Analysis In a groundbreaking report by Binance Research, it is argued that blockchain technology has the potential to completely transform the current payment infrastructure by enabling self-custody of digital assets and eliminating middlemen from transactions. This could lead to a new era of financial freedom and transparency in the payments industry. Despite the massive revenues of $2.83 trillion generated by the payments industry, there are still inefficiencies that need to be addressed. Traditional digital payment systems lack the unique freedom of money that cash transactions offer, making blockchain technology a game-changer in this…

Loop Capital reaffirms Buy rating and $64.00 price target for Core & Main Inc. (NYSE:CNM) despite market challenges. Insights into Wholesale Management Systems (WMS) point to strong second-quarter 2024 earnings in line with expectations. Key highlights include robust growth in nonresidential sectors, new residential development strength, and a favorable project mix. While some competitive pricing exists, it is not as widespread as feared. Looking ahead, caution is advised for the second half of 2024 due to slowing end-market demand. Despite this, Loop Capital remains positive on Core & Main’s outlook. Recent acquisitions in Canada and the Southeast, along with a…

Alnylam Pharma Shares Plummet Despite Positive Study Results – What Investors Need to Know Introduction In a surprising turn of events, Alnylam Pharmaceuticals (NASDAQ: ALNY) saw its shares drop by 11.5% after announcing the results of its HELIOS-B Phase 3 study for vutrisiran. Despite meeting all primary and secondary endpoints in treating ATTR amyloidosis with cardiomyopathy (ATTR-CM), investor sentiment turned sour. Meanwhile, shares of BridgeBio Pharma Inc. (NASDAQ: BBIO) surged by 12%, reshaping the competitive landscape for ATTR-CM treatments. Study Insights: Vutrisiran’s Promising Results Vutrisiran, an investigational RNAi therapeutic, showed a 28% reduction in the risk of death and cardiovascular…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind In a groundbreaking move, Vietnam and the Philippines have agreed to advance their defence and military relations while deepening collaboration on maritime security. This significant step comes as both countries have long been at odds with Beijing over its actions in the South China Sea. Vietnamese Defence Minister Phan Van Giang’s visit to Manila for talks with his Philippine counterpart Gilberto Teodoro marks a pivotal moment in their relationship. They expressed their commitment to enhancing defence and military cooperation through continued interaction and engagements at all levels. The…

Polkadot Becomes Global Training Partner for Lionel Messi’s Inter Miami FC Polkadot has secured a groundbreaking sponsorship deal with Lionel Messi’s Inter Miami football club, marking the protocol as its global training partner. This partnership will see Polkadot’s logo prominently displayed on all of IMCF’s first team training gear, starting with their upcoming match against Chicago Fire FC on August 31. Players and technical staff will don Polkadot-branded training shirts during official sessions at the Florida Blue Training Centre, as well as during away games and pre-match warm-ups. As a main partner, Polkadot will also interact with Inter Miami fans…

Truist Securities Raises MongoDB (NASDAQ:MDB) Price Target to $320: What Does This Mean for Investors? Truist Securities has adjusted its outlook on MongoDB (NASDAQ:MDB) shares, raising the price target to $320 from $300 while maintaining a Buy rating. This adjustment reflects a more positive view of the company’s recent performance and prospects, following the second quarter results for fiscal year 2025. The second quarter results showed signs of stabilization for MongoDB, with improvements in new business suggesting a potential operational rebound. While consumption patterns saw a slight increase compared to the first quarter, it was not significant enough to alter…

Investing.com – Potential Trump Tariffs Could Hit Apple iPhone Shipments, UBS Warns If Donald Trump wins the U.S. Presidential election, there is a looming threat of increased trade tariffs that could have a significant impact on Apple’s iPhone shipments, according to a recent report by UBS. Trump’s proposed tariffs, which include a hefty 60% tax on Chinese exports to the U.S., would directly affect the tech sector. UBS highlights the higher risks for discretionary consumer products like PCs and smartphones, particularly for Apple’s supply chain, as over 75% of production is still based in China. Apple’s supply chain is more…

Why Top Asset Managers Are Betting Big on Gold and the US Dollar: A Strategic Financial Move Asset managers are increasingly betting long on gold and the US dollar, according to a recent Citi report. The analysis, which covers $18.6 trillion in assets under management (AUM), reveals that positions in gold and the dollar are currently the most popular trades among asset managers. Key Insights from Citi’s Report Gold and Dollar: The Consensus Trades In today’s volatile market, gold and the US dollar have emerged as the go-to assets for many managers. The Citi report underscores that these positions are…

By Kate Abnett As the world’s leading investment manager and financial market journalist, I bring you the latest insights on the upcoming COP29 UN climate negotiations. With less than three months to go, countries are still at odds over the crucial task of setting a new funding target to support developing nations in combating climate change. A recent negotiations document released by the U.N. climate body reveals the divisions among nations, paving the way for discussions at the upcoming meeting in Baku. The document presents seven potential options for a COP29 deal, aiming to replace the current $100 billion annual…

How Venezuela’s Power Outage Could Impact Your Investments and Financial Markets Venezuela’s capital city, Caracas, and other regions of the country experienced a power outage early on Friday, confirmed by the communication and information ministry. The outage affected at least 13 regions, including Carabobo and Aragua, as reported on social media and by Multibagger staff. Minister Freddy Nanez stated, “We have been victims, once again of electrical sabotage,” without providing further details. The electrical cabinet team is currently working to fully restore service. Power cuts are not uncommon in Venezuela, with smaller blackouts occurring on Tuesday, also attributed to sabotage…