Author: Multibagger News

Egypt’s Central Bank Holds Interest Rates Steady Amid Economic Softening In a move that surprised no one, Egypt’s central bank decided to keep its overnight interest rates unchanged on Thursday, citing a decrease in inflation pressures alongside a slowdown in economic growth. The lending rate remains at 28.25%, with the deposit rate at 27.25%, according to a statement released by the bank. This marks the third consecutive time that rates have been left untouched since a 600 basis point hike earlier this year. Analysts had largely predicted this outcome, with only one out of 15 analysts expecting a 100 basis…

By David Ljunggren In recent developments, an early election in Canada is now more likely as the New Democratic Party has withdrawn its support for Prime Minister Justin Trudeau’s Liberal government. This move by the left-leaning opposition party has forced Trudeau to seek new alliances to maintain power until the federal vote scheduled by end-October 2025. Polls indicate that the Liberals are facing a tough battle against the right-of-center Conservatives, with voter fatigue towards Trudeau on the rise since he first assumed office in November 2015. Jagmeet Singh, leader of the NDP, cited the Liberals’ decision to force railway employees…

Unleashing the Power of Working Capital: Drip Capital’s Game-Changing Solution for SMBs For more than 20 years, Jay Chandarana of Dhaval Agri, the leading sesame seed exporter in the market, struggled with traditional bank financing for his family business. But when expansion plans hit a roadblock due to collateral-based banking in India, Chandarana turned to Drip Capital in 2019 for a revolutionary working capital solution. Drip Capital, a Palo Alto-based startup, has transformed the landscape for small and medium businesses (SMBs) like Dhaval Agri by providing flexible working capital loans tailored to their needs. With a recent $113 million funding…

In a recent SEC filing, Horizon Kinetics Holding Corp (NYSE:HKHC) CEO and CIO, Murray Stahl, made a notable purchase of 8 shares of the company’s common stock at $27.90 each, totaling $223. This adds to Stahl’s already substantial holdings in the company, with a direct ownership of 248,592 shares. Additionally, he has indirect ownership through entities like Horizon Kinetics Asset Management LLC and FRMO Inc. Stahl’s acquisition comes after the merger between Horizon Kinetics LLC and Scott’s Liquid Gold-Inc, and he now holds approximately 21% of Horizon Kinetics Holding Corp through various ownership interests. While he disclaims beneficial ownership over…

JPMorgan Analysts: Equity and Credit Markets Not Reflecting US Recession Risk In a recent report to clients, JPMorgan analysts highlighted a concerning trend – despite growing fears of a US recession, equity and credit markets are not pricing in the recession risk. While bond and commodity markets are showing signs of elevated recession risks, equities and credit markets remain relatively optimistic. The analysts noted that market positioning is key, with global non-bank investors holding strong positions in equities, indicating confidence in the stock market’s resilience. However, momentum-based investors are more cautious, with modest long positions in the US and neutral…

FedEx Invests in AI Robotics Firm Nimble: How This Will Revolutionize E-commerce Fulfillment FedEx’s Strategic Investment in Nimble to Transform E-commerce Fulfillment and Inventory Management (Multibagger) – In a strategic move to bolster its e-commerce capabilities, FedEx (NYSE: FDX) announced on Thursday its investment in AI robotics and autonomous technology company, Nimble. This collaboration aims to enhance the delivery giant’s Fulfillment unit, providing robust support to small and medium-sized businesses (SMBs) in fulfilling orders and managing inventory. In today’s competitive landscape, parcel delivery companies are increasingly investing in automation to cut costs and improve efficiency. This investment by FedEx is…

Investment Manager Reveals: Biden’s Student Debt Forgiveness Plan Temporarily Blocked by Judge In a recent development, a U.S. judge has temporarily halted President Joe Biden’s administration from moving forward with its student debt forgiveness plan. This decision comes after seven Republican-led states filed a lawsuit to stop the implementation of the plan. U.S. District Judge J. Randal Hall in Augusta, Georgia, made the ruling, stating that the states had a strong case in proving that the Education Department did not have the authority to cancel student loans under the proposed plans. The states argued that the department was on the…

Colombia Launches Investigation into Alleged Illegal Purchase and Use of Pegasus Spy Software – Latest News Colombia’s attorney general has announced an investigation into the alleged purchase and illegal use of Pegasus spy software. President Gustavo Petro revealed that a unit in the national police bought the software using $11 million in cash. Spyware technology, including Pegasus, has been used to hack into phones of civil society, political opposition, and journalists globally. The investigation aims to determine if the police unit finalized the negotiation with NSO, the Israeli firm behind Pegasus, and where the funds for the purchase came from.…

Title: Breaking News: How Endolith’s Microbes Could Revolutionize the Copper Mining Industry Copper is a crucial element in the shift towards clean energy, with a high demand for electric vehicles and wind turbines. However, the International Energy Agency predicts a 20% shortage in copper supply by the end of the decade. Endolith, a startup based in Colorado, aims to bridge this gap by utilizing microbes to extract more copper from mines. By introducing domesticated microbes into the mining process, Endolith believes they can increase copper recovery rates by up to 10%. The traditional method of copper recovery involves pouring acid…

John Hancock Investors Closed Fund (JHI) Stock Hits 52-Week High at $13.86: A Strong Investment Opportunity Witness the remarkable surge of John Hancock Investors Closed Fund (JHI) stock as it reaches a new 52-week high of $13.86, showcasing a remarkable 1-year change of 8.31%. This peak reflects the fund’s impressive performance and signals a period of strength within a volatile market environment. InvestingPro Insights: Unveiling the Dynamics Behind JHI’s Success Investors are intrigued by John Hancock Investors Closed Fund (JHI) as it achieves a new milestone. With a market capitalization of $120.33 million and a modest P/E ratio of 9.66,…