Author: Multibagger News

Breaking News: U.S. Dollar Hits Lowest Level of the Year as Fed Rate Cuts Loom – UBS Predicts Further Declines In a recent development, the U.S. dollar has plummeted to its lowest point this year amid growing speculation that the Federal Reserve is gearing up to slash interest rates. According to UBS analysts, this downward trend is expected to continue in the coming months. As of 05:55 ET (09:55 GMT), the Dollar Index, which measures the dollar against a basket of other major currencies, was down 0.1% at 101.577. Last week, it hit a low of 100.51 for the first…

Breaking News: Putin Arrives in Mongolia for State Visit, Progress on Gas Pipeline Deal In a groundbreaking development, Russian President Vladimir Putin has landed in Mongolia for a state visit, marking a significant step forward in the negotiations for a new gas pipeline connecting Russia and China. The proposed pipeline, known as Power of Siberia 2, aims to transport a massive 50 billion cubic meters of gas annually from Russia’s Yamal region to China via Mongolia. This strategic project is crucial for Russia’s energy strategy, as it seeks to offset declining gas sales in Europe following the Ukraine conflict. The…

— Supreme Court Showdown: Brazil Shuts Down Social Media Giant X – What It Means for Your Investments and Online Freedom BRASILIA (Multibagger) – In a landmark decision, Brazil’s Supreme Court has formed a majority to support Justice Alexandre de Moraes’ ruling to shut down social media platform X, formerly known as Twitter, for failing to comply with Brazilian laws. This decision could have far-reaching implications for both the tech industry and investors worldwide. Key Takeaways: Supreme Court Majority: Justices Flavio Dino and Cristiano Zanin sided with Moraes, ensuring a majority even though Justices Luiz Fux and Carmen Lucia have…

Breaking: Brazil’s Finance Ministry Reveals Plans to Tax Big Tech Companies and Implement Global Minimum Tax on Multinationals The Finance Ministry of Brazil announced on Monday its intention to propose new tax measures in the second half of this year to ensure the country’s fiscal goals for 2025. These proposals include taxing big tech companies and introducing a global minimum tax rate of 15% on multinational corporations. In a budget presentation to Congress last Friday, the ministry projected a primary surplus of 3.7 billion reais for next year, with an estimated revenue of 17.9 billion reais from increased income taxes.…

Read about the latest developments in the case involving Binance executive Tigran Gambaryan, who has been detained in Nigeria since February. Learn about the charges of laundering more than $35 million and the accusations of tax evasion against the world’s largest cryptocurrency exchange. Binance, Tigran Gambaryan, Nigeria, cryptocurrency exchange, money laundering, tax evasion As the world’s best investment manager and financial market journalist, I bring you the latest news on the legal troubles facing Binance executive Tigran Gambaryan in Nigeria. Gambaryan, a U.S. citizen, has been detained since February and recently made a fresh bail application on medical grounds. However,…

Unlocking the Future of Video Games: How Joshua Lu and Andreessen Horowitz are Revolutionizing the Industry As the world of video games continues to evolve, Joshua Lu, partner at Andreessen Horowitz, understands the importance of staying ahead of the curve. With a background that includes working on hit games like Words with Friends and Diablo Immortal, Lu has a unique perspective on the industry’s potential. In 2022, Lu joined Andreessen Horowitz as an investor and helped launch the firm’s Speedrun accelerator, which invests $750,000 into 40 gaming startups biannually. Through this accelerator, Lu has witnessed firsthand how AI and new…

Discover how the Bybit Card is revolutionizing everyday transactions in the Netherlands by empowering users to spend crypto seamlessly. Find out about its key features, exclusive rewards, and referral bonuses! Dubai, United Arab Emirates, September 2nd, 2024, Chainwire – Bybit Powered by SATOS has officially launched the Bybit Card in the Netherlands, offering a unique opportunity for users to utilize their crypto assets for daily expenses. The Bybit Card supports EUR, USDT, USDC, BTC, ETH, and other major cryptocurrencies, providing flexible spending options in both euros and digital assets. Key features of the Bybit Card include convenient cash access at…

Goldman Sachs Upgrades Mineral Resources Limited Stock to Neutral, Lowers Price Target Goldman Sachs recently upgraded its stance on Mineral Resources Limited (MIN:AU) (OTC: MALRF) from Sell to Neutral, with a revised price target of AUD43.00, down from the previous AUD47.00 target. The company, known for its efficient construction and operation of crushing plants and mining projects, is facing challenges to its high returns on capital. The analyst highlighted Mineral Resources’ impressive 20-year history of generating over 20% Return on Invested Capital (ROIC) since going public. However, the firm’s forecasts show the company may be free cash flow (FCF) negative…

By World’s Best Investment Manager and Financial Market’s Journalist Arunima Kumar and Robert Harvey Oil prices stabilised on Monday as Libyan oil exports remained halted and following losses at the end of last week on expectations of higher OPEC+ production from October and signs of sluggish Chinese and U.S. demand. Crude oil futures were down 6 cents, or 0.08%, at $76.87 a barrel by 1419 GMT, while U.S. West Texas Intermediate crude edged up 8 cents, or 0.11%, to $73.63. Monday marked a public holiday in the U.S. market. On Friday Brent and WTI lost 1.4% and 3.1%, respectively. Oil…

Hewlett Packard Pursues $4 Billion Legal Battle Against Late Billionaire Mike Lynch’s Estate Over Autonomy Scandal Hewlett Packard (HP) Continues Legal Fight for Damages from Mike Lynch’s Estate Posthumously (Multibagger) – Hewlett Packard (NYSE: HPQ) has announced its intention to carry forward legal proceedings to secure up to $4 billion in damages from the estate of British billionaire Mike Lynch. The U.S. tech giant has been embroiled in a prolonged legal battle over its acquisition of Autonomy, a British software company, which it claims was fraught with fraudulent activities designed to inflate its value. The Background: In 2011, HP acquired…