Author: Multibagger News

InvestingPro Insights: Mach Natural Resources LP (NYSE: MNR) Public Offering Analysis NEW YORK – Mach Natural Resources LP (NYSE: MNR), a leading independent oil and gas company, has priced its public offering of 7,272,728 common units at $16.50 each. Specializing in oil and gas reserves in the Anadarko Basin region, the company announced the offering with expectations to close by September 9, 2024. The offering includes an underwriters’ option for an additional 1,090,909 common units at the public offering price. Mach anticipates net proceeds of approximately $112.9 million for acquisitions in Oklahoma and Kansas and general partnership purposes. Joint book-running…

US Stock Futures Stall: Awaiting Labor Market Data & Fed’s Next Move Investing.com — US stock futures hovered below the flatline on Friday as investors awaited a crucial labor market report, which could play a significant role in the Federal Reserve’s upcoming monetary policy decision. By 06:21 ET (10:21 GMT), major indices showed subtle declines: the Dow Jones Industrial Average contract had shed 130 points or 0.3%, the S&P 500 had slipped by 34 points or 0.6%, and the Nasdaq 100 had fallen by 207 points or 1.1%. The 30-stock Dow Jones Industrial Average and the benchmark S&P 500 both…

NEW YORK (Multibagger) – U.S. employment growth fell short of expectations in August, but the decline in the jobless rate to 4.2% indicated a steady labor market slowdown that may not necessitate a significant interest rate cut from the Federal Reserve this month. Nonfarm payrolls rose by 142,000 jobs last month, following a downwardly revised 89,000 increase in July, as reported by the Labor Department’s Bureau of Labor Statistics. Economists had predicted a gain of 160,000 jobs, with estimates ranging from 100,000 to 245,000. After the release of the data, market expectations for a 50 basis point cut at the…

By Rich McKay ATLANTA (Multibagger) – In a tragic turn of events, suspected Georgia high school shooter Colt Gray is set to appear in state court where he faces murder charges after Wednesday’s rampage that left four people dead and nine others injured. The 14-year-old is currently held without bond in Gainesville Regional Youth Detention Center and is expected to appear in front of a Georgia Superior Court judge in Barrow County via video on Friday morning. Gray has been charged with four counts of felony murder and will be tried as an adult, according to officials. His father, Colin…

U.Today – Arthur Hayes, a prominent figure in the cryptocurrency space, has made a bold prediction about Bitcoin’s price. With Bitcoin dropping below $58,000, Hayes believes that the leading cryptocurrency will now fall below $50,000. Hayes’ prediction comes at a time when institutional investors are exiting the market, leading to a bearish sentiment. The significant outflows from Bitcoin spot ETFs in the past seven days indicate a lack of interest from institutional investors, further pushing down the price of Bitcoin. On Sept. 5, a net outflow of $211 million was recorded, with Grayscale’s GBTC ETF, Bitwise’s BITB ETF, and Fidelity’s…

TransCode Therapeutics Receives $2 Million NIH Grant for TTX-MC138 Cancer Drug Development H.C. Wainwright reaffirms Buy rating and $3.00 price target on TransCode Therapeutics Inc (NASDAQ: RNAZ) following the announcement of a $2 million grant from the National Institutes of Health (NIH) for the development of TTX-MC138 in a Phase 1/2 study. The NIH grant, awarded through the Direct to Phase II SBIR program, recognizes TransCode’s RNA technology as a promising approach in treating metastatic cancer. The grant, distributed over two years, will support the ongoing Phase 1/2 study of TTX-MC138, which has shown efficacy against various tumor types and…

Top Investment News: US Economy Adds Fewer Jobs Than Expected in August, Potential Impact on Fed Policy Decision In a recent report by the Labor Department, the US economy added fewer jobs than anticipated in August, with only 142,000 new jobs created. This figure was up from a revised July number of 89,000. Economists had predicted a reading of 164,000 for August, compared to the initial July mark of 114,000. The unemployment rate in the US also dropped to 4.2% from July’s 4.3%, in line with expectations. Additionally, wage growth increased by 0.4% after a contraction of 0.1% in July.…

Apple’s iPhone 16 Unveiling Set to Ignite an AI Super Cycle – Here’s What You Need to Know Apple Inc. (NASDAQ: AAPL) is poised to revolutionize the tech landscape yet again with the launch of its iPhone 16, an event that Wedbush analysts predict will commence an “AI super cycle” for the Cupertino-based giant. The Biggest Upgrade Cycle in Apple’s History Scheduled for Monday at 1 PM EST, Apple’s highly anticipated launch event is expected to introduce the AI-driven iPhone 16 lineup, marking what Wedbush analysts describe as the company’s “biggest upgrade cycle in its history.” This cycle is projected…

Investing.com: August Job Growth Falls Short of Expectations, Impacts Federal Reserve Policy The latest Labor Department data revealed that the US economy added 142,000 jobs in August, a figure that missed economists’ expectations of 164,000. However, this was an improvement from the revised July number of 89,000. Additionally, the unemployment rate dipped to 4.2% from July’s 4.3%, in line with forecasts. Amid concerns over the labor market, the Federal Reserve is closely monitoring the job data as it considers a shift in its monetary policy focus from inflation to job protection. Fed Chair Jerome Powell and other officials have hinted…

Title: Breaking News: U.S. Citizen Shot in Head by Israeli Troops During West Bank Protest As the top investment manager and financial market journalist, I bring you the latest update on a tragic incident in the occupied West Bank. A U.S. citizen participating in a protest against settlement expansion was fatally shot in the head by Israeli troops. The official Palestinian news agency WAFA reported the heartbreaking news, prompting an investigation by the Israeli military. The U.S. embassy has yet to release a statement on the matter. This incident highlights the ongoing tensions in the region and could have potential…