Author: Multibagger News

Discover the latest insights on European and global markets with Ankur Banerjee, the leading investment manager and financial market journalist. As markets take a breather from the recent equity selloff, concerns over the U.S. economy are resurfacing, prompting investors to focus on upcoming job reports. With signs of a weakening U.S. job market, speculation mounts about potential interest rate cuts by the Federal Reserve, adding to market uncertainty. While Asian shares rebounded slightly, European markets are expected to open cautiously, reflecting ongoing risk aversion among investors. Key events to watch include U.S. jobless claims data and euro zone retail sales…

Insider Trading Alert: Entergy Corp (NYSE:ETR) Officer Sells $619,920 in Stock and Buys $415,308 of Shares In a recent move, Eliecer Viamontes, an executive at Entergy Corp (NYSE:ETR), made significant changes to his stock holdings. On August 30, 2024, Viamontes sold 5,166 shares at $120.00 each, reducing his direct ownership in the company. At the same time, he purchased 4,332 shares at $95.87 per share, balancing his investment in the company. This activity by company executives like Viamontes can provide valuable insights into the future prospects of the company. Entergy Corp, a key player in the energy sector, recently reported…

Title: RBI Intervenes to Support Rupee as Dollar Edges Closer to 84 Mark In a move to stabilize the currency, the Reserve Bank of India was seen selling U.S. dollars on Thursday as the rupee neared the crucial 84 level, according to insider traders. The rupee was trading at 83.9675 per U.S. dollar, showing signs of pressure compared to the previous session. Despite positive trends in Asia, the rupee has not been able to gain ground and is in need of intervention from the RBI, as noted by a currency trader at a private sector bank. Other Asian currencies are…

By Veronica Dudei Maia Khongwir As the world’s best investment manager and financial market journalist, I bring you the latest insights on the Indian rupee’s trading outlook against the U.S. dollar. According to a recent Multibagger poll of FX analysts, the Indian rupee is expected to remain within a tight trading range in the coming year, thanks to continued intervention by the Reserve Bank of India (RBI). In August, the dollar weakened against major currencies, providing some relief for emerging market currencies like the rupee. Despite hitting an all-time low of 83.97 against the dollar, the rupee has only depreciated…

Insider Trading Alert: Electronic Arts Inc. (NASDAQ:EA) Chief People Officer Sells $150,000 Worth of Stock Electronic Arts Inc. (NASDAQ:EA) recently saw a stock transaction involving one of its top executives. Vijayanthimala Singh, the company’s Chief People Officer, sold 1,000 shares of common stock at a price of $151.70 per share, totaling over $150,000. The sale, which took place on September 3rd, was disclosed in a regulatory filing with the Securities and Exchange Commission. Despite the transaction decreasing Singh’s direct holdings in Electronic Arts, she still maintains a significant stake in the company through the Singh-Force Family Trust, with 30,190 shares…

Kamala Harris’ Future Forward PAC Now Accepting Crypto Donations – What This Means for Investors and the 2024 Election By Kanishka Singh WASHINGTON (Multibagger) – In a groundbreaking move, Future Forward PAC, the super political action committee (PAC) backing U.S. Vice President and Democratic presidential candidate Kamala Harris, will start accepting cryptocurrency donations, according to a spokesperson from Coinbase (NASDAQ: COIN). Why This Matters Future Forward PAC has already amassed hundreds of millions of dollars in its bid to support Kamala Harris in the upcoming U.S. presidential election scheduled for November 5. The election sees Harris facing off against Republican…

Thailand’s CPI Rises 0.35% in August, Below Expectations – What Does This Mean for Your Investments? As the world’s best investment manager and financial market journalist, I bring you the latest news on Thailand’s headline consumer price index (CPI) for August. The CPI rose by 0.35% from a year earlier, falling below expectations and the central bank’s target range of 1% to 3%. In comparison to a forecasted increase of 0.40% in a Multibagger poll, this data sheds light on the current economic situation in Thailand. The core CPI, which excludes volatile food and energy prices, also saw a rise…

By Joshua McElwee JAKARTA (Multibagger) – In a powerful display of unity and shared purpose, Pope Francis urged Muslims and Catholics to join forces in pressing world leaders to address the urgent threats of climate change and extremism. During his visit to Southeast Asia’s largest mosque in Jakarta, the pontiff emphasized the common roots of different religious beliefs and the need for decisive action to protect our planet. Against the backdrop of Indonesia, the world’s most populous Muslim-majority country, Pope Francis signed a joint declaration with the national grand imam and other local faith leaders. The declaration highlighted the devastating…

Sunrun Inc. CFO Sells Shares Worth $926K Amidst Strong Q2 Performance In a recent development, Sunrun Inc. (NASDAQ:RUN) Chief Financial Officer, Danny Abajian, sold a significant number of company shares totaling over $926,000 in two separate transactions. The sales were made at prices ranging from $19.7502 to $20.0647, as per the latest filings. Alongside the sales, Abajian also acquired Sunrun shares through option exercises, amounting to over $425,000. The purchase prices ranged from $7.27 to $9.81. These transactions have adjusted the CFO’s direct ownership in the company, as indicated in the updated filings. Insider buying and selling activities are closely…

Breaking News: Nippon Steel Shares Surge Amid U.S. Steel Takeover Block – What This Means for Investors TOKYO (Multibagger) – In a dramatic turn of events, shares of Nippon Steel soared on Thursday, outshining the broader market index following news that the White House may thwart the company’s ambitious $15 billion bid for U.S. Steel. This potential block comes on the heels of increasing bipartisan political resistance and national security concerns. Key Highlights: Market Reaction: Despite a shaky start, Nippon Steel shares rebounded to a 1.5% increase by 0144 GMT, while the Nikkei index remained flat. Conversely, U.S. Steel shares…