Author: Multibagger News

Breaking News: Kremlin Denies Deals with Telegram Boss Durov Amid Investigation In a shocking turn of events, Kremlin spokesman Dmitry Peskov has declared that there have been no negotiations or deals between the Kremlin and Telegram boss Pavel Durov. This statement comes in light of Durov being put under formal investigation for suspected involvement in running an online platform that facilitates illicit activities. Despite accusations of complicity in crimes such as child sex abuse, drug trafficking, and fraud, Durov’s lawyer has vehemently denied any wrongdoing on his client’s part. Peskov further clarified that there have been no meetings between Durov…

1-800-FLOWERS.COM (FLWS) Stock Receives Rating Upgrade and Price Target Adjustment by DA Davidson 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) recently saw a change in its stock rating and price target by DA Davidson. The firm upgraded the company’s rating from Underperform to Neutral, while lowering the price target from $8.00 to $7.00. This adjustment comes after the company’s fourth-quarter financial results for fiscal year 2024 fell short of expectations. The analyst from DA Davidson highlighted that 1-800-FLOWERS.COM’s fourth-quarter results were below projections, and the guidance for fiscal year 2025’s EBITDA is expected to be lower than the consensus estimate of $99.4 million. The…

Breaking News: U.S. Stock Futures Rise Amid Inflation Data Release – Expert Analysis Inside! As the week comes to a close, U.S. stock index futures are on the rise, with investors eagerly anticipating the release of a key inflation reading. The Dow Jones Industrial Average is up by 78 points, the S&P 500 has gained 25 points, and the Nasdaq Composite is climbing by 135 points. On Thursday, Wall Street closed with mixed results, as the S&P 500 reached a record high, while the Dow Jones dropped slightly and the Nasdaq remained flat. The S&P 500 is on track to…

Title: Stock Market Hits Record Highs Amid Brisk Economic Growth and Falling Inflation – What It Means for Your Finances As the world’s best investment manager and financial market journalist, I bring you a comprehensive look at the record stock market highs that have once again illuminated the global landscape. Despite a rare stumble in the artificial intelligence sector, the stock market complex has been thriving on brisk economic growth, falling inflation, and interest rates. The S&P500 has hit record highs with year-to-date gains of over 10%, even when adjusted for the outsize contribution of Big Tech megacaps. This broadening…

By Krishna N. Das and Aftab Ahmed New Delhi – Indian Prime Minister Narendra Modi’s coalition is resorting to cash handouts and freebies in a bid to secure votes after recent electoral setbacks. While these measures may help in the short term, they pose a threat to India’s fiscal stability and could impact development projects, according to analysts. Modi’s Bharatiya Janata Party (BJP) has faced challenges in recent elections and is now facing tough competition in upcoming state polls. States like Maharashtra and Haryana have increased spending on populist measures such as debt waivers, cash handouts, and subsidies, which could…

Title: Russian Defence Officials Face Serious Charges in Corruption Scandal – Kremlin Spokesman As the world’s best investment manager and financial market’s journalist, I bring you the latest news on the ongoing corruption investigations involving Russian defence officials. Kremlin spokesman Dmitry Peskov revealed that serious charges have been brought against officials, leading to court trials. A former deputy defence minister, Pavel Popov, was placed in detention on suspicion of fraud in the latest corruption probe tied to former defence minister Sergei Shoigu. The scandal, the biggest in years, has seen at least a dozen officials detained since April. President Vladimir…

CLSA Downgrades Mineral Resources Limited (MIN:AU) to Hold Amid Concerns Over Debt Levels and Profitability – New Price Target Set at AUD41.50 In a recent development, CLSA has adjusted its stance on Mineral Resources Limited (MIN:AU) (OTC: MALRF), downgrading the stock from Outperform to Hold and reducing the price target significantly to AUD41.50 from the previous AUD60.00. This revision comes after the company’s FY24 financial results, which revealed a strong revenue figure of A$5,278 million, surpassing consensus estimates by 9%. However, concerns have been raised about the company’s debt levels and profitability. The decline in earnings before interest, taxes, depreciation,…

Title: DirecTV and Disney: The High-Stakes Negotiation That Could Change How You Watch TV By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Multibagger) – In the world of entertainment giants, few negotiations are as high-stakes as the current talks between Walt Disney (NYSE: DIS) and DirecTV. With their distribution agreement set to expire on Sunday, the clock is ticking for these two powerhouses to reach a deal. Failing to do so could leave DirecTV’s 11 million subscribers without access to Disney’s suite of channels, including heavyweights like ABC and ESPN, just as the NFL season kicks off and the U.S.…

By Isla Binnie and Nupur Anand A recent review by the Office of the Comptroller of the Currency (OCC) has revealed that major U.S. banks are still in the early stages of assessing and managing the risks posed by climate change to their businesses. The review, which included 22 large banks, found that while some progress has been made, significant work is needed in certain areas. According to sources familiar with the matter, the OCC found that all banks had completed some level of risk identification related to climate change, but the approaches and stages of development varied widely. This…

Investment Manager Reveals: Columbia University Protests Could Impact Financial Markets By Jonathan Allen In a surprising turn of events, student protesters have made a noisy return to Columbia University’s New York campus, causing potential implications for investors and financial markets worldwide. The protests, centered around the pro-Palestinian movement, have gained momentum since the spring and are now drawing attention from both students and administrators. As an investment manager, it’s crucial to keep an eye on these developments as they could have far-reaching consequences on the financial landscape. The protests have already led to discussions about severing financial ties with certain…