Author: Multibagger News

Uber Technologies Inc. (NYSE: UBER) Receives Buy Rating from BTIG with $90.00 Price Target – Strategic Partnership with Turo Signals Growth Potential BTIG has reaffirmed its Buy rating on Uber Technologies Inc. (NYSE: UBER) with a steady price target of $90.00, citing the company’s new partnership with the carsharing platform Turo as a significant development. The collaboration will see Turo’s peer-to-peer car rental offerings integrated into the Uber app in early 2024, marking a strategic shift for the ride-hailing giant. Uber’s decision to incorporate Turo’s services comes as it prepares to close its own carsharing operation, launched in the US…

Kamala Harris Seeks Teamsters Endorsement Amid Tight Presidential Race: What It Means for Your Finances WASHINGTON (Multibagger) – September 16 marks a pivotal moment for Democratic presidential candidate Kamala Harris as she engages with the International Brotherhood of Teamsters. The union, which holds significant sway in labor endorsements, is currently weighing its options for a presidential endorsement. Harris, vying for the presidency against Republican incumbent Donald Trump, will convene with both members and leaders at the Teamsters’ headquarters. This meeting follows a similar engagement the union held with Trump, highlighting the union’s strategic importance in the upcoming election. Breaking Down…

Brazil’s Central Bank Sees Stronger Economic Growth Post-Interest Rate Meeting In a recent update from Brazil’s central bank’s director of economic policy, it has been revealed that there has been a noticeable uptick in economic growth since their latest interest rate-setting meeting. This positive trend has been consistent and has provided a boost to the country’s economic outlook. During a speech at a UBS-hosted event, Diogo Guillen highlighted that the exchange rate has seen a slight increase compared to July. Additionally, inflation expectations have remained steady, but concerns remain about them being de-anchored, which is a point of contention for…

Title: Exclusive: Hunter Biden to Plead Guilty in Federal Tax Case – Expert Analysis As the world’s top investment manager and financial market journalist, I bring you breaking news that Hunter Biden, son of President Joe Biden, is reportedly planning to plead guilty in a federal tax case, as reported by NBC News. This development could have far-reaching implications for both the Biden family and the financial markets. Hunter Biden’s legal troubles have been a subject of much speculation and controversy, and his decision to plead guilty could have significant consequences for his personal and professional reputation. As an expert…

Unleashing the Power of AI in Development: All Hands AI Secures $5 Million in Seed Funding All Hands AI, led by CEO Robert Brennan, is revolutionizing the world of software development with its innovative AI agents. The recent $5 million seed funding round led by Menlo Ventures has propelled this project to new heights. These AI agents are designed to handle the mundane, time-consuming tasks that developers face on a daily basis, freeing them up to focus on more creative endeavors. One of the standout features of All Hands AI is its open source approach. The project, known as OpenHands,…

InvestingPro Insights: Smith & Nephew SNATS Inc (SNN) Hits New 52-Week High at $31.25 – Is It a Strong Buy? Smith & Nephew SNATS Inc (SNN) has reached a new 52-week high, with its stock price climbing to $31.25. This milestone reflects a significant uptrend for the medical equipment manufacturer, which has seen an impressive 1-year change of 18.84%. Investors have shown increased confidence in the company’s growth prospects, driving the stock to outperform within its sector and reach this new peak. The 52-week high serves as a testament to Smith & Nephew’s robust performance over the past year, marking…

By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler In a move to support falling crude oil prices, OPEC+ has agreed to postpone a planned oil output increase for October and November. This decision comes as oil prices hit their lowest point in nine months, reflecting concerns about a weak global economy and soft data from China, the world’s largest oil importer. The news of the two-month delay in the output increase has already had an impact on oil prices, pushing them up by over $1 per barrel. Currently, futures are trading at $73.72 a barrel, rebounding from their recent lows.…

Sweden Market Update: Key Stocks Decline Amid Market Volatility Sweden Stocks Drop Post-Close, Led by Key Sector Losses Stockholm, Sweden – As the trading day concluded on Thursday, Sweden’s stock market saw a notable downturn, driven primarily by declines in major sectors. The OMX Stockholm 30 Index closed with a 0.89% drop. Top Performers in a Down Market Despite the overall market dip, a few stocks managed to buck the trend: Swedbank AB ser A (ST:) rose by 2.08%, closing at 221.10. Samhallsbyggnadsbolaget i Norden AB (ST:) experienced a 1.84% increase, ending the session at 6.35. Telia Company AB (ST:)…

The Central American Bank for Economic Integration (CABEI) has taken legal action against its former president, Dante Mossi, in a U.S. district court for allegedly violating a number of market regulations. The lawsuit, filed on Thursday, accuses Mossi of breaching the Racketeering Influenced and Corrupt Organizations Act (“RICO”), committing market manipulation, tortious interference, and breach of contract. This move by CABEI highlights the importance of upholding market regulations and ensuring accountability in financial institutions. The allegations against Mossi raise concerns about the integrity of the financial system and the need for transparency and ethical behavior in the industry. As an…

By Ruma Paul Investing.com – In a powerful display of unity and remembrance, thousands of students gathered in Bangladesh to commemorate the one-month anniversary of the fall of former Prime Minister Sheikh Hasina after deadly protests. The “March for Martyrs” saw students, teachers, and families of those killed in the unrest come together, carrying the national flag and chanting powerful slogans like “Blood of the martyrs is our power”. What started as a student-led movement against public sector job quotas in July quickly escalated into a nationwide uprising against Hasina, resulting in over 1,000 deaths. Hasina was ultimately forced to…