Author: Multibagger News

As the world’s best investment manager and financial market journalist, I bring you the latest news on the Biden administration’s consideration of toughening the asylum ban to maintain lower levels of illegal crossings at the U.S.-Mexico border. This potential change could have significant implications for the financial markets and investors. The current asylum ban is designed to be lifted if the number of migrants caught crossing the southern border illegally drops below an average of 1,500 per day for one week, followed by a two-week waiting period. However, officials are now discussing lengthening this threshold to several weeks to further…

Breaking News: Elon Musk’s X Company Hiring New Staff for Safety and Cybersecurity Teams In a major development, nearly two years after layoffs, Elon Musk’s social media company, X, is now seeking to recruit new employees to strengthen its trust, safety, and security teams. The company has posted two dozen job openings in the last month, evenly split between its safety and cybersecurity divisions. The roles on X’s safety team range from director of strategic response to government affairs managers. On the cybersecurity side, X is looking to hire security engineers and a threat intelligence specialist. These new hires are…

Breaking News: Stock Market Meltdown Warning – Are You Ready for a Crypto Meltdown? As the financial market experiences extreme volatility, CNBC Crypto trader and analyst Ran Neuner raises alarm bells about a potential crypto market meltdown following the recent $1.05 trillion loss in the U.S. stock market. Tech giants like Nvidia, Tesla, MicroStrategy, Microsoft, Google, and Amazon were among the casualties of this meltdown. In light of this, Neuner predicts another meltdown looming on the horizon and urges investors to be prepared for the worst. The interconnectedness of the crypto sector with the financial market has seen assets like…

Highway Holdings Limited (HIHO) Stock Hits 52-Week Low at $1.72 Amid Market Challenges In a challenging market environment, Highway Holdings Limited (HIHO) stock has touched a 52-week low, dipping to $1.72. This latest price level reflects a notable decline over the past year, with the company experiencing a 1-year change of -13.24%. Investors are closely monitoring the stock as it navigates through the economic headwinds that have pressured the broader manufacturing sector, leading to this new low. The company’s performance is being scrutinized as market participants consider the implications of this significant drop from its previous year’s valuation. InvestingPro Insights:…

Intel’s Bold Bet: How Contract Chip Manufacturing Could Revolutionize Revenue Streams by 2027 By Max A. Cherney Intel’s Strategic Shift: From Advanced Packaging to Dominating the 18A Manufacturing Process (Multibagger) – Intel Corporation (NASDAQ: INTC) is positioning itself to generate significant revenue from its burgeoning contract chip manufacturing business by 2027, as revealed by the company’s Chief Financial Officer, David Zinsner, during a recent investor conference. The Roadmap to Revenue: Intel’s Strategic Customer Engagements Intel is actively negotiating with 12 potential clients, anticipating initial revenue streams in 2026, with substantial financial gains projected for 2027. Notably, Intel is prioritizing its…

President Biden to Block Nippon Steel’s Acquisition of U.S. Steel: What It Means for Your Investments By Jeff Mason In a surprising turn of events, U.S. President Joe Biden is reportedly preparing to block Nippon Steel’s acquisition of U.S. Steel, a move that could have far-reaching consequences for investors. The proposed $14.9 billion deal, which has been met with controversy, is now at risk of being derailed by the president’s intervention. President Biden has previously voiced his concerns over Nippon’s plans to purchase the iconic U.S. steelmaker, citing potential threats to national security and American jobs. U.S. Steel itself has…

The U.S. Charges RT Employees with Money Laundering Scheme to Influence 2024 Election In a stunning development, the U.S. government has filed money-laundering charges against two employees of Russian state media network RT. These charges allege that the employees engaged in a scheme to hire an American company to produce online content aimed at influencing the 2024 presidential election. According to Justice Department officials, the two employees used shell companies and fake personas to funnel $10 million to an unnamed Tennessee company. This money was used to create online videos with the goal of amplifying political divisions in the United…

Title: Shocking Case of DUI Homicide Involving Ford’s BlueCruise Hands-Free System – What You Need to Know As the world’s best investment manager and financial market journalist, I am here to bring you the latest news on a tragic incident involving a 23-year-old woman, Dimple Patel, who allegedly killed two men in a DUI homicide while using Ford’s hands-free system, BlueCruise. This shocking event has sent shockwaves through the automotive industry and raised concerns about the safety of partial automation technology. According to Pennsylvania State Police, Patel has been charged with homicide by vehicle, involuntary manslaughter, tampering with evidence, careless…

Michael Saylor, the head of MicroStrategy, continues to make waves in the cryptocurrency world with his bullish views on Bitcoin. In his latest social media post, Saylor promotes Bitcoin by depicting himself as a fast-food restaurant worker with BTC logos, emphasizing that “We are all on Team Bitcoin.” Saylor’s Bitcoin-themed promotional posters have become a cultural phenomenon within the crypto community, showcasing his unwavering support for the digital currency. MicroStrategy, under Saylor’s leadership, has amassed an impressive 226,500 BTC, worth $12.78 billion, making it one of the largest holders of Bitcoin. With September approaching, many anticipate another round of Bitcoin…

If you’re looking for a smart investment opportunity in the current market turmoil, look no further than Par Pacific Holdings, Inc. (NYSE: PARR). With the stock hitting a 52-week low at $21.28, now might be the perfect time to consider adding PARR to your portfolio. In this comprehensive guide, we will analyze the recent performance of Par Petroleum, review expert insights from Mizuho Securities and TD Cowen, and provide valuable tips from InvestingPro to help you make informed investment decisions. Recent Developments Despite facing challenges in the energy and infrastructure sector, Par Petroleum reported strong financial results for Q2 2024,…