Author: Multibagger News

Oil Prices Could Decline to $60 by 2025, Citi Research Says In a recent report, Citi Research strategists have predicted that oil prices could drop to around $60 per barrel by 2025 due to a significant market surplus. Despite short-term support from supply disruptions in Libya and delayed production cuts by OPEC+, Citi believes that these factors are only offering temporary relief. While the market has not yet reacted to the OPEC+ decision, Citi warns that the situation in Libya could take months to resolve, leading to a strong market surplus next year. The strategists recommend selling on any bounce…

Cash Inflows Surge to $231 Billion: Bank of America Reports Record Highs and Market Insights Cash inflows have surged to unprecedented levels, marking the largest five-week cumulative influx since December 2023, according to a new weekly report from Bank of America strategists. In total, $231 billion has flowed into various markets with significant implications for investors. Breakdown of Inflows: Money Market Funds: Registered an impressive $60.8 billion in inflows for the week ending September 4, contributing to a five-week total of $231 billion. Stock Funds: Experienced $3 billion in inflows, although U.S. equities saw a modest outflow of $20 million,…

Unveiling the Impact of Friday’s Nonfarm Payrolls Report on Markets: Citi’s Projections and Investor Positioning As the markets brace for the release of Friday’s nonfarm payrolls (NFP) report, Citi strategists anticipate a potentially “binary” outcome that could shape market sentiment. A weak number may reignite hard-landing fears, while a strong report could bolster soft-landing positioning following July’s weakness. Citi projects a rise in the unemployment rate to 4.3%, with payrolls expected at 125,000, a level that could prompt a 50 basis point cut from the Fed. The bank highlights the asymmetry in market positioning, noting a decline in equity and…

China Requests WTO Consultation with Canada Over Additional Tariffs: Exclusive News In a groundbreaking move, China has officially submitted a request to Canada for consultation at the World Trade Organisation regarding the additional tariffs imposed on Chinese electric vehicles, steel, and aluminum products. This decision has sent shockwaves through the global financial market, sparking speculation and uncertainty among investors. The commerce ministry of China has made a bold statement, urging Canada to adhere to WTO rules and rectify any wrongdoings immediately. This development has the potential to impact trade relations between the two countries and could have far-reaching consequences for…

Breaking News: EU Regulators Investigating X’s Data Processing for Grok AI Training Earlier this week, the EU’s lead privacy regulator concluded its court proceedings regarding X’s processing of user data for Grok AI chatbot training. However, the saga continues as the Irish Data Protection Commission (DPC) has confirmed receiving complaints under the GDPR. The DPC will examine the extent of X’s compliance with GDPR provisions and may impose corrective measures if necessary. X suspended data processing for Grok training in August, with the agreement later becoming permanent. While X is not required to delete AI models trained on European users’…

Breaking News: byNordic Acquisition Corporation Regains Compliance with Nasdaq’s Shareholder Requirement In a recent development, byNordic Acquisition Corporation announced that it has successfully regained compliance with Nasdaq’s minimum shareholder requirement, ensuring the continued listing of its securities on the Nasdaq Stock Market. The company had previously faced non-compliance issues, but has now rectified the situation, allowing its securities to trade without interruption. byNordic’s Compliance Journey The compliance issue was first brought to light on April 10, 2024, when Nasdaq notified byNordic Acquisition Corp of the deficiency. Despite submitting a compliance plan in May 2024, Nasdaq expressed its intention to delist…

Investing.com: Stock Futures Drop Ahead of Labor Market Report, Broadcom’s Sales Outlook Disappoints As the world’s best investment manager, financial market’s journalist, and SEO mastermind, I bring you the latest updates on Wall Street’s stock futures. Futures on Wall Street are edging lower in anticipation of this week’s crucial labor market report, which could impact the Federal Reserve’s decision on a potential interest rate cut. Broadcom’s sales outlook has also underwhelmed analysts, leading to a decline in the company’s shares in extended-hours trading. 1. Futures Inch Lower: US stock futures are hovering just below the flatline as investors await the…

UK Watchdog Challenges Google’s Ad Tech Practices: What Investors Need to Know In a significant move that could ripple through the financial markets, the UK’s Competition and Markets Authority (CMA) has raised objections against Google’s advertising technology practices. The watchdog’s concerns center on Google’s potential to distort competition, ultimately affecting both advertisers and consumers. This development is crucial for investors to understand, as it may have far-reaching implications for Google’s stock and the broader technology sector. The Core Issue: Anti-Competitive Practices The CMA’s primary concern is that Google’s dominance in the ad tech market stifles competition. Google’s integrated ad tech…

By Harry Robertson LONDON (Multibagger) – Investors poured $61 billion into cash-like money market funds in the week to Wednesday, as they braced for the Federal Reserve to cut interest rates for the first time in four years, Bank of America said on Friday. WHY IT’S IMPORTANT Many investment fund managers have hoped rate cuts will lower the returns on money-market funds (MMFs) and send a torrent of cash into stocks and bonds. But, somewhat counter-intuitively, big investors tend to move into MMF as the range of short-term fixed income assets they hold typically offer higher returns for longer than…

Fortive Corporation (NYSE: FTV) has recently received an upgrade in its stock rating to Outperform by Mizuho, with a revised price target of $90. This upgrade comes on the heels of the company’s announcement of a tax-free spin-off of its Precision Technologies segment, known as “NewCo.” During a call today, Fortive discussed its plans to create two independent publicly traded entities through the spin-off. NewCo will focus on capitalizing on growth trends, while RemainCo FTV will prioritize high-quality recurring growth. The company has reaffirmed its guidance for the third quarter and full fiscal year 2024, showing confidence in its financial…