Author: Multibagger News

Exclusive: Top Ukrainian Officials Visit Washington for Key Talks on Economy and Defense – Analysis In a significant development, top Ukrainian officials, including Economy Minister Yulia Svyrydenko and Defence Minister Rustem Umerov, have embarked on a crucial visit to Washington. This visit holds immense importance as it signifies the strengthening of ties between Ukraine and the United States. “We are working in Washington… We are grateful to our partners for their support,” stated the president’s chief of staff Andriy Yermak on Telegram. This statement highlights the gratitude of the Ukrainian government towards its allies for their continued support. Accompanying the…

Uncover the Secrets of Family Office Investments with Eti Lazarian and Bruce Lee at TechCrunch Disrupt 2024 Join Eti Lazarian, principal of Elle Family Office, and Bruce Lee, CEO and founder of Keebeck Wealth Management, as they delve into the world of family office investments at TechCrunch Disrupt 2024. Discover how family offices are revolutionizing venture capital, embracing innovative technologies, and shaping the future of startup success. Learn about the unique risk management strategies that set family offices apart and how they balance innovation with wealth preservation. Gain insights into how family offices evaluate opportunities, what drives their investment decisions,…

TD Cowen, one of the leading analyst firms, has recently raised its price target for Lululemon Athletica Inc. (NASDAQ:) to $382 from $375, maintaining a Buy rating. This adjustment comes after the company’s impressive financial performance in the second quarter, which saw a sales shortfall but an earnings per share (EPS) boost, driven by a strong gross margin. As a result, EBIT dollars increased by 13% year-over-year. The analyst from TD Cowen emphasized that despite a tempered guidance for the second half of the year, Lululemon has shown resilience in the U.S. market. The company’s performance has exceeded its 2022…

Brazil’s Tense Tech Showdown: Supreme Court vs. Elon Musk—Will Social Media Giant X Be Banned? By Lisandra Paraguassu, Luana Maria Benedito SAO PAULO (Multibagger) – A high-stakes clash between a Brazil Supreme Court justice and Elon Musk has left the future of social media platform X (formerly Twitter) in jeopardy of being banned in Brazil. President Luiz Inacio Lula da Silva is insisting that the billionaire entrepreneur comply with local regulations. As of Friday morning, X remains operational in Brazil. However, the platform warned late Thursday that it expects Supreme Court Justice Alexandre de Moraes to order a shutdown "soon,"…

Investment Manager Reveals: Biden Administration Delays Decision on Tariffs, Impact on EVs, Semiconductors, and More In a recent development, the Biden administration has postponed the final announcement of steep U.S. tariff hikes on Chinese-made electric vehicles, batteries, semiconductors, and solar cells. The decision is expected to be made public in the coming days, according to a spokesman for the U.S. Trade Representative’s Office. This delay comes after White House National Security adviser Jake Sullivan’s talks with senior Chinese officials in Beijing, including a meeting with Chinese President Xi Jinping. Both sides emphasized the importance of managing the U.S.-China relationship. Initially…

Breaking News: Helicopter Crash in Portugal Leaves 2 Dead, 3 Missing – Prime Minister on Scene In a tragic incident, a helicopter returning from a firefighting mission crashed into the River Douro in northern Portugal, resulting in at least two fatalities and three individuals still missing. The pilot, who survived the crash with leg fractures, was rescued by a tourism boat near the scene and taken to a hospital for treatment. The helicopter was carrying a team of five specialists from the Emergency Protection and Relief Unit when it went down in the Lamego area. Authorities, including the Douro Harbour…

Investment Manager’s Guide: Hello Wonder AI Browser Aims to Revolutionize Kids’ Online Safety In a world where regulators are cracking down on internet safety for kids, Hello Wonder emerges as a game-changer. Founded by industry veterans from Google and Amazon, this AI-powered browser/companion is set to create a safe environment for children to learn and explore online. Hello Wonder’s iPad app, under full parental control, offers kids a safe space to interact with an AI chatbot for educational content. Unlike platforms like YouTube Kids, Hello Wonder focuses on providing parents with insights into their child’s online activities, making it a…

TD Cowen has adjusted its outlook for Elastic NV (NYSE: NYSE:), reducing the price target to $80 from the previous $110 while maintaining a Hold rating on the shares. The revision follows the company’s announcement of weaker bookings execution which has impacted its financial guidance for the year. Elastic NV reported a decline in revenue growth projections from 17% to 14%. The company’s billings growth, which stood at 6%, fell short of the market’s expectation of 17%. However, Elastic NV’s cloud segment performed slightly better than anticipated, exceeding the Street’s forecast by $1.1 million and growing by 30%, albeit at…

UK Stock Market Dips Amid Sectoral Losses: Key Performers and Laggards Unveiled — London Market Wrap-Up: How Sectoral Movements Shaped the Day Investing.com – U.K. stocks experienced a downturn after closing on Friday, primarily due to significant losses in the mining, hospitality, and finance sectors. Market Close Snapshot At the London Stock Exchange close, the FTSE 100 index dipped slightly by 0.08%. Top Gainers of the Day Londonmetric Property Plc (LON: LMP): Rose by 2.56%, closing at 204.00. Entain PLC (LON: ENT): Increased by 2.22%, ending at 646.00. Flutter Entertainment PLC (LON: FLTR): Up by 2.05%, settling at 16,200.00. Major…

By Ann Saphir Recent data shows that inflation is continuing to ease, giving Federal Reserve policymakers the green light to consider a first interest rate reduction next month. The personal consumption expenditures (PCE) price index rose 2.5% in July from a year earlier, matching the gain in June. Over the past three months, the annualized reading on the Fed’s preferred gauge of inflation is well below its 2% goal. Fed Chair Jerome Powell has indicated that it is time to cut rates, following a period of battling high inflation. The Fed has kept its policy rate in the 5.25%-5.50% range…