Author: Multibagger News

Heather A. Planishek, Chief Accounting Officer of Palantir Technologies Inc. (NYSE: PLTR), recently sold 14,016 shares of Class A Common Stock in an open market transaction. This move, which occurred on August 29, 2024, at a price of $30.67 per share, resulted in a total sale value of approximately $429,870. The sale was conducted under a Rule 10b5-1 trading plan established on May 13, 2024, to prevent accusations of insider trading. After the sale, Planishek still holds a significant stake in Palantir, with 576,023 shares of Class A Common Stock directly and an indirect ownership of 8,130 shares held as…

China’s Economic Growth Outlook Downgraded by BofA – What Does This Mean for Investors? In a recent report, Bank of America (BofA) has downgraded its growth outlook for China, citing concerns that Beijing is not taking sufficient steps to boost the economy. This downgrade comes as the world’s second-largest economy continues to face challenges in reviving growth momentum. BofA now forecasts China’s real GDP growth to be 4.8% for 2024, down from its previous estimate of 5.0%. The bank has also revised its forecasts for 2025 and 2026 to 4.5%, lower than the earlier projection of 4.7%. According to economists…

Title: Market Turmoil: Economic Fears Spark Global Sell-Off, Nvidia Shares Plunge As the financial markets in Asia and the US tumble amid fears of a looming recession, investors are on edge. Shares in American tech giant Nvidia have taken a hit, dropping almost 10% as concerns over the economy overshadow the excitement surrounding artificial intelligence (AI) advancements. On Wednesday morning, major Asian indexes followed suit after a sharp decline in New York’s stock indexes. The latest data revealing subdued US manufacturing activity has added to the uncertainty, with all eyes now on the upcoming key jobs report due on Friday.…

Title: Global Markets Plunge Amid Recession Fears: How Will This Impact Your Investments? As the world’s leading investment manager and financial market journalist, I bring you the latest news on the recent tumble in financial markets across Asia and the US. The fear of a looming recession has sent shockwaves through major indexes, causing significant drops in share prices. American chip giant Nvidia saw a nearly 10% decrease in its stock value as concerns over the economy overshadowed optimism about the AI industry. Meanwhile, major Asian indexes followed suit after the sharp decline in New York stock indexes. Investors are…

SYDNEY (Multibagger) – Australia’s economy remained stagnant in the June quarter as high borrowing costs and persistent inflation continued to put pressure on consumers, with government spending emerging as the primary driver of growth. According to data from the Australian Bureau of Statistics, real gross domestic product (GDP) only increased by 0.2% in the second quarter, marking three consecutive quarters of no growth and falling slightly below market expectations of 0.3%. Annual growth also slowed to 1.0% from the previous quarter’s 1.2%, reaching levels last seen during the peak of the pandemic. Household spending, which makes up half of GDP,…

Breaking News: Russia Launches Missile Attack on Kyiv and Drone Attack on Lviv – Ukraine Military Officials Confirm In a shocking turn of events, Russia has initiated a missile attack on the capital city of Kyiv and a drone attack on western city Lviv, located near the border with NATO-member Poland. Ukraine military officials have confirmed the attacks, with air defence units actively working to repel the incoming threats. Eyewitnesses in Kyiv reported hearing multiple blasts on the city outskirts, indicating the operation of air defence systems. The entire country of Ukraine is currently under air raid alerts, as stated…

Mark Zuckerberg, the CEO and Chairman of Meta Platforms, Inc. (NASDAQ:), has recently sold a significant amount of company stock, totaling over $4.1 million. The transactions, which took place on August 29, 2024, involved the sale of Meta Platforms Class A Common Stock at prices ranging from $517.2722 to $526.9068 per share. The sales were conducted through the Chan Zuckerberg Initiative Foundation, a philanthropic organization co-founded by Zuckerberg and his wife Priscilla Chan. Despite the sales, Zuckerberg maintains a substantial amount of indirect ownership of Meta Platforms shares through various entities, including the Chan Zuckerberg Initiative Foundation and several limited…

As the world’s top investment manager and financial market journalist, I bring you the latest on China’s services sector activity. Despite the summer travel peak, growth in this key sector has slowed according to a private-sector survey. The Caixin/S&P Global services purchasing managers’ index (PMI) slipped to 51.6 in August from 52.1 in July, raising concerns about rising costs and leading some firms to cut staff. Although the new business index remained above 50, showing continued expansion since January 2023, the rate of growth softened compared to July. Export business, however, quickened, driven by overseas client interest in the tourism…

Peter H. Woodward Sells $3 Million Worth of TSS, Inc. (OTCMKTS:TSSI) Stock: What Does It Mean for Investors? Peter H. Woodward, a director and ten-percent owner of TSS, Inc. (OTCMKTS:TSSI), has recently sold over 600,000 shares of company stock, resulting in proceeds of $3,087,381. These insider transactions have caught the attention of investors and market watchers, as they can provide insights into the company’s financial health and future prospects. Woodward sold the shares over two days, with prices ranging from $4.43 to $5.20. Despite the sales, he still indirectly owns a significant number of shares through various entities. Additionally, TSS,…

By Yuka Obayashi Oil prices took a hit on Wednesday, extending the previous day’s more than 4% decline, as the market anticipates a resolution to the political conflict that has disrupted Libyan exports and worries about weakening global demand growth. Crude oil futures for November dropped 28 cents, or 0.4%, to $73.47 at 0052 GMT after a 4.9% decrease in the previous session. U.S. West Texas Intermediate crude futures for October were down 31 cents, or 0.4%, to $70.03 after a 4.4% drop on Tuesday. Both contracts reached their lowest levels since December due to signs of a potential agreement…