Author: Multibagger News

Investing.com – Trump Targets SEC Chair Gensler, Delaying Crypto Regulation Until 2026 Former President Donald Trump has labeled SEC Chair Gary Gensler as the crypto industry’s biggest villain, potentially delaying regulatory relief for the sector until late 2026, according to US investment bank TD Cowen. Trump’s vow to fire Gensler, made at a recent conference, may face obstacles as there is no precedent for a president directly removing an SEC chair. Typically, chairs step down with a change in the White House to allow the new administration to appoint a new leader. With Democrats holding a 3-2 majority and Gensler…

Deutsche Bank Reaffirms Hold Rating on Cognizant Technology Solutions Stock at $70 Price Target In a recent update, Deutsche Bank has maintained its Hold rating on Cognizant Technology Solutions (NASDAQ:CTSH) stock, with a consistent price target of $70. This decision came after a discussion with Surya Gummadi, EVP and President of Cognizant Americas, at the Deutsche Bank Technology Conference, where industry challenges and the company’s strategic direction were thoroughly analyzed. Deutsche Bank highlighted the positive changes under CEO Ravi’s leadership, including improvements in internal culture, focus on securing large deals, and boosts in client Net Promoter Scores (NPR) and employee…

Title: U.S. and Global Markets Analysis: September Outlook and Impact on Investments As the world’s top investment manager and financial market journalist, I delve into the holiday-shortened week ahead on Wall Street, focusing on the U.S. jobs market and the potential impact on your finances. From the recent volatility to the looming Fed interest rate cut, I break down the critical factors shaping the market landscape. The U.S. markets have rebounded from last month’s jobless rate scare, with futures pointing towards a potential interest rate cut in September. The August payrolls report on Friday will be a key indicator of…

Chinese Influence Operation Targets U.S. Election: What You Need to Know By Christopher Bing and Katie Paul Unmasking "Spamouflage": China’s Covert Social Media Campaign to Sway U.S. Voters (Multibagger) – A recent investigation by intelligence firm Graphika has uncovered a sophisticated Chinese influence operation aimed at disrupting the upcoming U.S. presidential election on November 5th. Dubbed "Spamouflage" or "Dragonbridge," this campaign is part of an ongoing effort by Chinese state-linked entities to spread divisive propaganda and misinformation online. What is Spamouflage? Spamouflage is a hybrid campaign combining spam and propaganda to manipulate public opinion. This operation has been active since…

By Ann Saphir and Howard Schneider In a surprising turn of events, the U.S. central bankers have shifted their stance towards an interest rate cut at their upcoming meeting. Just a few months ago, this was not even on the table. Federal Reserve Chair Jerome Powell’s recent comments have highlighted the need for lowering borrowing costs, a sentiment that is now echoed by the majority of his colleagues. Various economic indicators have contributed to this shift, prompting Fed policymakers to reevaluate their outlook on inflation, labor market conditions, and overall financial stability. The convergence of different data points and risk…

Breaking News: Phone Theft Soars in England and Wales – What You Need to Know In a shocking turn of events, phone thefts have more than doubled in England and Wales over the past year, with an estimated 78,000 thefts from the person reported in the year to March, up from 31,000 in the previous year. The government is taking action by calling phone companies to discuss measures to tackle this rising crime. Policing Minister Dame Diana Johnson is pushing for manufacturers to ensure that stolen phones can be permanently disabled to prevent them from being sold second-hand. Police chiefs…

Investment Manager’s Analysis: How Phone Thefts Impact the Tech Industry and Your Finances As the world’s best investment manager, financial market journalist, and SEO mastermind, I bring you the latest news on the surge in phone thefts in England and Wales. This alarming trend has more than doubled in the last year, with 78,000 thefts from the person reported, compared to 31,000 in the previous year. The government is taking action by calling on phone companies to discuss measures to tackle this crime. They want manufacturers to ensure that stolen phones can be permanently disabled to prevent them from being…

Ensign Group (NASDAQ: ENSG) Expands Healthcare Footprint with Acquisition of Eight Skilled Nursing Facilities in Kansas and Colorado Ensign Group, Inc., a leading provider of healthcare services, has recently announced the acquisition of eight skilled nursing facilities in Kansas and Colorado, marking a significant expansion of its operational footprint. The acquisitions include Prairie Ridge Health and Rehabilitation in Kansas and seven other facilities in Colorado, further solidifying Ensign’s presence in the healthcare market. The newly acquired Prairie Ridge Health and Rehabilitation facility in Overland Park, Kansas, adds to Ensign’s growing portfolio in the Kansas City area. CEO Barry Port has…

By Arathy Somasekhar A significant shift is happening in the Canadian crude oil industry as pipelines that traditionally transported crude to the U.S. are now cutting rates and exploring new avenues due to increased competition from the expanded Trans Mountain pipeline. This move will temporarily reduce the transportation costs of some of Canada’s heavy crude to the U.S. Midwest and Gulf Coast in the coming month. The U.S. saw record imports of Canadian crude in July as Trans Mountain expansion volumes continued to grow. Trans Mountain pipeline began shipping in May, with a capacity of up to 890,000 barrels per…

Volkswagen to End Longstanding Job Security Program Amidst Rising Pressure from Asian Competitors (Multibagger) – Volkswagen (ETR:) is set to conclude its job security programme, a policy in place since 1994 that has safeguarded jobs until 2029, due to mounting competition from Asian automakers. The IG Metall union has identified several German factories that could be impacted by this significant policy change. These plants are predominantly located in Lower Saxony, except for the Kassel plant, which is situated in Hesse, central Germany. Brunswick Volkswagen’s oldest plant in Brunswick employs around 7,400 workers as of 2022. Situated in a city with…