Author: Multibagger News

Intel’s Bold Restructuring Plan: What Investors Need to Know About the Upcoming Changes By Max A. Cherney and Milana Vinn — Intel’s Strategic Shakeup: Preparing for a New Era in Chipmaking Intel (NASDAQ: INTC) CEO Pat Gelsinger and senior executives are gearing up to present a transformative plan to the company’s board of directors later this month. The goal? To streamline operations, cut unnecessary costs, and revitalize the once-dominant chipmaking giant. Here’s a breakdown of what you need to know: Cutting the Fat: Selling Off Non-Core Businesses Intel plans to trim its portfolio by divesting businesses that are no longer…

Breaking News: Brazil’s Supreme Court to Vote on Shutting Down Social Media Platform X BRASILIA (Multibagger) – In a pivotal decision set for Monday, a five-member panel of Brazil’s Supreme Court will vote on whether to uphold Justice Alexandre de Moraes’ ruling to shut down the popular social media platform X in the country. Moraes, who has been at odds with X owner Elon Musk, has been labeled a “dictator” by the tech billionaire. The Justice has called for a virtual session of the court’s first chamber – of which he is a member – to allow his peers to…

Expert Analysis: Is a Bitcoin Bull Run Coming in September? As the cryptocurrency market gears up for September, historically known as one of the worst months for Bitcoin, experts at Spot On Chain are offering a glimmer of hope with five key reasons why this time could be different. One major factor to consider is the decrease in selling pressure from key players like the German government, Mt. Gox, and Genesis Trading. Meanwhile, long-term holders have been increasing their positions, now controlling 75% of the total supply. This trend signals confidence in Bitcoin’s future and reduces the likelihood of sudden…

Why Ted Chiang Believes Generative AI Will Never Create True Art Renowned author Ted Chiang, known for his groundbreaking novella “Story Of Your Life,” recently shared his thoughts on the limitations of generative AI in the creation of art. In a recent interview with The New Yorker, Chiang expressed his skepticism towards the ability of AI to produce truly creative and meaningful works. Chiang’s insights are particularly relevant in today’s rapidly evolving technological landscape, where AI is increasingly being utilized in various creative industries. Despite advancements in AI technology, Chiang argues that true artistry requires a level of human creativity…

By David Lawder and Katharine Jackson Several U.S. Democratic lawmakers are pushing for an Israeli-Hamas ceasefire following the tragic killing of six hostages in Gaza, while Republicans criticize President Joe Biden and Vice President Kamala Harris for not providing strong enough support to Israel. Israel has recovered the bodies of the hostages from a tunnel in Gaza, sparking protests and planned strikes in response to the failure to save them. The victims identified as Hersh Goldberg-Polin, Carmel Gat, Eden Yerushalmi, Alexander Lobanov, Almog Sarusi, and Ori Danino have been returned to Israel. President Biden offered condolences to Goldberg-Polin’s parents and…

China to Urge African Nations at Beijing Summit to Boost Imports Amid Western Export Restrictions By Joe Cash and Duncan Miriri China will be pushing for increased imports of its goods from 50 African nations at a summit in Beijing this week, in anticipation of impending Western restrictions on Chinese exports like electric vehicles and solar panels. In return, China is offering more loans and investments to the African countries. Despite China’s efforts, African leaders attending the summit will be looking for concrete plans on how China intends to fulfill its unmet promise from the previous summit in 2021 to…

Azerbaijan’s Ruling Party Set to Maintain Majority in Snap Parliamentary Election – Oracle Advisory Group Exit Poll Shows In a snap parliamentary election called by President Ilham Aliyev, Azerbaijan’s ruling party is on track to secure a single-seat majority, according to an exit poll conducted by Oracle Advisory Group. The poll indicates that Aliyev’s New Azerbaijan party is poised to win 63 out of 125 seats, slightly down from 69 in the outgoing parliament. Despite this decline, the president’s supporters are still expected to dominate the new legislature. Many other seats are projected to be won by candidates who are…

Breaking News: Far-Right AfD Wins Regional Elections in Germany – What This Means for Investors In a historic turn of events, the Alternative for Germany (AfD) has emerged victorious in the regional elections in Thuringia, becoming the first far-right party to do so since World War Two. Exit polls have revealed that AfD secured 33.5% of the vote, surpassing the conservatives’ 24.5%. The left populist Sahra Wagenknecht Alliance (BSW) trailed behind in third place, signaling a shift in the political landscape. Chancellor Olaf Scholz’s coalition faces challenges as his partners, the Greens and the Free Democrats, are less secure in…

California Lawmakers Pass One Reparations Bill Amid Governor’s Concerns – Michela Moscufo By Michela Moscufo California lawmakers passed just one part of a three-bill package addressing reparations for slavery and racism in the waning days of their state house session, amid reports the governor had raised concerns. Dozens of demonstrators arrived to support the measures proposed by Senator Steven Bradford late Saturday, the last day of the State Assembly session. The bills were moved to the inactive file shortly before the session ended. Earlier last week, a bill on land restitution that is part of the package passed 56-0. It…

Breaking News: Dutch Government Imposes Restrictions on ASML’s Service in China – JPMorgan and Wells Fargo Analysts Weigh In In a recent development, the Dutch government has imposed new restrictions on ASML’s ability to service and provide spare parts for advanced deep ultraviolet (DUV) machines in China. This move is reportedly in response to pressure from the U.S. government to limit China’s access to advanced semiconductor technology. Analysts from JPMorgan and Wells Fargo have weighed in on the impact of these restrictions on ASML’s overall earnings. According to JPMorgan, the impact on ASML’s 2025 revenues is estimated to be around…