Author: Multibagger News

Goldman Sachs Strategists: AI Sector Not in Bubble, But Concentration Risks Remain High In a recent note, Goldman Sachs strategists reassured investors that the AI sector is not in a bubble, attributing the sector’s growth to strong fundamentals driven by transformative technologies like AI. The report emphasized the dominance of major U.S. tech companies, known as the “Magnificent Seven,” which hold a significant market share. Despite the surge in valuation, Goldman Sachs believes that these tech giants are not experiencing irrational exuberance like in past bubbles, such as the dot-com bubble. However, they warn of high market concentration, with the…

Private Equity Giants Vista Equity Partners and Blackstone Eye $7 Billion Acquisition of Smartsheet By Milana Vinn NEW YORK (Multibagger) – In a monumental move that could reshape the landscape of workplace collaboration software, a consortium of private equity powerhouses including Vista Equity Partners and Blackstone (NYSE:BX) is in advanced talks to acquire Smartsheet (NYSE:SMAR). The Bellevue, Washington-based tech firm, valued at approximately $7 billion, has been a focal point of interest for these financial giants, sources familiar with the matter revealed. While the specific terms of the potential deal remain under wraps, insiders indicate that an agreement could be…

The Federal Reserve is looking for input on how it operates its “discount window” to provide emergency lending to banks during times of stress. Learn more about the Fed’s efforts to enhance the effectiveness of this tool. By Pete Schroeder WASHINGTON (Multibagger) – The Federal Reserve said on Thursday it was seeking feedback on how it operates its “discount window,” which is intended to provide emergency lending to banks in times of stress. The Fed said it wanted comments on various aspects of how banks deal with the window, including the collection of legal documentation, pledging and withdrawing collateral, and…

Investment Manager Secrets: Kamala Harris Raises Over $300 Million for Presidential Campaign, Outpacing Trump In a stunning development, Democrat Kamala Harris’ campaign for U.S. president has raised over $300 million in the month of August, according to NBC News. This fundraising haul is more than double the amount raised by her Republican opponent Donald Trump during the same period. Trump’s campaign disclosed that they raised $130 million in August and ended the month with $295 million cash on hand. This stark difference in fundraising numbers could have significant implications for the upcoming election. As the world’s best investment manager and…

TechCrunch Mobility: Top News in Transportation for Investors and Market Enthusiasts Labor Day greetings to our U.S.-based readers! Here’s your quick update on the latest in the mobility sector. Exciting news from Korea’s Institute of Machinery and Materials – a robotic wheelchair with advanced features for mobility and accessibility was showcased recently. Now, let’s dive into the deals happening in the market! Zepto, the Indian startup, secured $1 billion in funding, confirming its growth trajectory. Other notable deals include E Daddy, Oxylus Energy, and WeMob making significant moves in the market. In other news, let’s look at the latest trends…

Keith Rosenbloom Makes Substantial Purchase of American Vanguard Corp Shares Keith Rosenbloom, managing director of Cruiser Capital Advisors LLC, recently purchased a significant amount of American Vanguard Corp (NYSE:AVD) shares, totaling $790,844. The transactions took place over multiple days, with share prices ranging from $5.74 to $6.08. The buying spree began on August 30, 2024, when Rosenbloom acquired 104,492 shares at $5.74 each. Subsequent purchases included 25,000 shares on September 3 at $5.94 per share and an additional 7,000 shares on September 4 at $6.08 each. These investments have substantially increased Rosenbloom’s holdings in the company. The recent SEC filing…

Investing.com Survey Shows 54% Expect U.S. Jobs Data to Miss Expectations Friday According to a recent survey on X (formerly Twitter), 54% of Investing.com users anticipate the U.S. jobs data to fall short of expectations this Friday. The poll, which garnered 2,186 votes, revealed that the majority believe the jobs report will miss the consensus of 164,000, with 54% predicting a miss and 46% expecting a beat. A weaker-than-expected jobs report could potentially prompt the Federal Reserve to consider a 50 basis points rate cut instead of the anticipated 25bps. CME Group data on 30-Day Fed Fund futures indicates a…

Breaking News: U.S. Department of Transportation Investigates Major Airlines’ Frequent Flyer Programs for Unfair Practices WASHINGTON (Multibagger) – In a significant move to protect consumer rights, the U.S. Department of Transportation announced on Thursday that it is launching an inquiry into the rewards and frequent flyer programs of the four largest U.S. airlines. This investigation aims to ensure that consumers are not subjected to unfair, deceptive, or anticompetitive practices. Transportation Secretary Pete Buttigieg has formally requested American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and United Airlines (NYSE: UAL) to produce records and submit detailed…

By Sarah N. Lynch WASHINGTON (Multibagger) -The U.S. on Thursday charged five Russian intelligence officials and a Russian civilian with conspiring to launch cyberattacks against Ukraine and its allies in a bid to hobble Ukraine. In a revised indictment unsealed on Thursday, the Justice Department said a cyber unit of Russia’s military intelligence agency conducted “large-scale cyber operations” starting as far back as 2020, before Russia’s February 2022 invasion of Ukraine. The original indictment, filed in June in the U.S. District Court for the District of Maryland, only named a single defendant: Amin Stigal. It accused him of conspiring with…

Unveiling the Impact of AI Deepfakes on the Internet: Microsoft’s Game-Changing Move to Combat Revenge Porn In a groundbreaking move, Microsoft has teamed up with StopNCII to empower revenge porn victims to take control of their online presence. By creating digital fingerprints of explicit images, victims can now prevent Bing, Facebook, Instagram, TikTok, and other platforms from circulating their personal content. Microsoft’s recent blog post reveals that Bing has already taken down 268,000 explicit images using StopNCII’s database, highlighting the urgency of this issue. User reporting alone has proven ineffective in combating the spread of revenge porn, underscoring the need…