Author: Multibagger News

By Marianna Parraga and Mircely Guanipa In a surprising turn of events, Venezuela’s August oil exports reached their highest levels in over four years, with expanded shipments to China, the U.S., and Europe. This surge comes at a time when the risk of new U.S. sanctions looms large due to an ongoing electoral dispute. The U.S. Treasury Department had previously granted Venezuela a license to freely export its oil, easing sanctions imposed by the Trump administration. However, this authorization was not renewed in April, leading to uncertainty in the market. State oil company PDVSA, along with joint ventures with companies…

Title: Applied Digital Secures $160 Million Funding Led by Nvidia & Related Companies: A Strategic Expansion in AI and Data Centers Article: In a significant boost to its growth trajectory, data center operator Applied Digital (APLD) has successfully raised $160 million in a recent funding round. This substantial capital infusion was led by tech giant Nvidia (NASDAQ: NVDA) and prominent real estate firm Related Companies, as reported by the Wall Street Journal on Thursday. This latest investment comes through a new share offering by the Nasdaq-listed Applied Digital, which, as of Wednesday’s market close, boasted a market valuation exceeding $500…

Boost Your Investment Portfolio with Latest Productivity Data from the Labor Department U.S. worker productivity has shown stronger growth than previously estimated in the second quarter, leading to lower labor costs and potential relief from inflation pressures. According to the Labor Department’s Bureau of Labor Statistics, nonfarm productivity increased at a 2.5% annualized rate last quarter, up from the initial estimate of 2.3%. This positive revision aligns with economists’ expectations and indicates a positive trend in productivity. Unit labor costs, which reflect the price of labor per unit of output, rose at a slower rate of 0.4% in the April-June…

Ukrainian Government Undergoes Major Shakeup Amid Ongoing Conflict with RussiaBy the world’s best investment manager and financial market’s journalist, Olena Harmash and Yuliia DysaInvestors and market watchers are closely following the latest developments in Ukraine as lawmakers voted to appoint a new foreign minister and two new deputy prime ministers. President Volodymyr Zelenskiy is carrying out his biggest government shakeup since Russia’s Feb. 2022 invasion, with Andrii Sybiha, an experienced diplomat, taking over the reins of the foreign ministry.The new leadership is not expected to significantly impact policy, as Zelenskiy and his office have been leading foreign affairs efforts during…

ZipRecruiter Launches ZipIntro Tool for Employers to Schedule Calls with Potential Candidates In a groundbreaking move, ZipRecruiter has introduced ZipIntro, a new tool that revolutionizes the hiring process. This innovative tool allows employers to schedule introductory calls with potential candidates at a designated time, streamlining the recruitment process like never before. But that’s not all – ZipIntro also leverages the power of AI to suggest potential candidates based on specific criteria set by employers. How does it work, you ask? Employers simply input information about the role, select a date and time for introductory calls, and let ZipIntro work its…

Northrop Grumman to Present at Morgan Stanley Laguna Conference: What Investors Need to Know Falls Church, Va. – Northrop Grumman Corporation (NYSE: NOC), a leading aerospace and defense technology firm, is set to participate in the upcoming 12th Annual Morgan Stanley Laguna Conference. CEO Kathy Warden will present at the event on September 12 at 12:20 p.m. Eastern time. The conference presentation will be broadcast live via webcast on the Northrop Grumman investor relations website. This event offers investors and industry analysts the opportunity to hear about the company’s latest developments and future direction. Known for its advanced solutions in…

Russian Banks Urge Central Bank Action to Counter Yuan Liquidity Deficit In a recent development that has rocked the financial markets, major Russian banks are calling on the central bank to address a yuan liquidity deficit. This has caused the rouble to plummet to its lowest level against the Chinese currency since April, with yuan swap rates soaring into triple digits. On September 4, the rouble experienced a nearly 5% decline against the yuan on the Moscow Stock Exchange (MOEX) following the finance ministry’s announcement of reduced forex interventions. This implied a sharp decrease in the central bank’s daily yuan…

Goldman Sachs Analysts Predict US Corporate Tax Reforms Could Impact Company Earnings | Investing News In a recent note to clients, experts at Goldman Sachs revealed how potential changes to the US corporate tax code could affect the earnings of S&P 500 companies. According to their analysis, even a small adjustment in the statutory domestic tax rate could have significant implications for businesses. The analysts estimated that a mere one percentage point change in the tax rate would lead to a nearly 1% shift in income for S&P 500 companies, translating to approximately $2 of 2025 earnings per share. They…

China’s Oil Demand Faces Steepest Slowdown in Decades – What It Means for Global Markets China, a key player in global demand, is experiencing a significant slowdown in oil consumption, marking the slowest growth in 15 years. Analysts at Bernstein highlighted a 2% year-to-date decline, with demand hitting its lowest point since 2009, excluding the COVID period. This slowdown is part of a broader economic decline in China, as industrial and construction sectors weaken, further contributing to the drop in demand. The country’s refining industry is also struggling, with lower run rates reflecting weak domestic demand for refined products. The…

Blackstone Consortium Secures $3.7 Billion Loan for AirTrunk Buyout Amid AI Boom By Kane Wu, Scott Murdoch, and Renju Jose HONG KONG/SYDNEY (Multibagger) – In a strategic move to enhance its presence in Asia, a Blackstone-led consortium has secured a substantial $3.7 billion loan package to facilitate the A$24 billion acquisition of AirTrunk, Asia Pacific’s largest hyperscale data center operator. The financing, detailed by two sources with direct knowledge, signals Blackstone’s aggressive expansion into the region. Key Highlights: Consortium and Partners: Blackstone has partnered with the Canadian Pension Plan Investment Board (CPP Investments) for this acquisition. Sector Appeal: The data…