Author: Multibagger News

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…

As the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind, I bring you the latest update on the US labor market. Private payrolls rose by 99,000 jobs in August, falling short of expectations and marking the weakest month since January 2021. Economists had predicted a higher reading of 144,000, but the actual number came in lower. Additionally, the number of Americans filing for first-time unemployment claims decreased slightly to 227,000, showing a small improvement from the previous week. The focus now shifts to Friday’s comprehensive jobs report from the Labor Department, with economists forecasting an increase of 164,000…

Unlocking Investment Opportunities: US Secures Release of 135 Political Prisoners in Nicaragua In a groundbreaking move, the United States has successfully secured the release of 135 political prisoners in Nicaragua on humanitarian grounds. This development has far-reaching implications for the financial markets and global investment landscape. According to White House national security adviser Jake Sullivan, the released individuals include members of the Texas-based Mountain Gateway organization, Catholic laypeople, students, and others. They will be relocated to Guatemala before seeking lawful entry into the U.S. or other nations. This news is not only a significant humanitarian victory but also presents a…

Unveiling DJI’s Newest Drone Innovation: The Neo – The Ultimate Palm-Sized Selfie Drone In a bold move at IFA Berlin, DJI has once again revolutionized the drone industry with the introduction of the Neo. This palm-sized drone is set to redefine the way we capture moments with its compact design and remote-free control capabilities. DJI’s Neo weighs in at a mere 135 grams, making it the lightest drone the company has ever produced. Despite its small size, the Neo packs a punch with advanced AI functionality and subject tracking features. From Dronie to Boomerang, the Neo offers a variety of…

Title: Celsius Holdings Faces Challenges as Piper Sandler Lowers Price Target to $50 Piper Sandler maintains an Overweight rating on Celsius Holdings (NASDAQ: CELH) but reduces price target to $50 due to operational headwinds and slower momentum in the US energy category. PepsiCo (NASDAQ: PEP) accelerates inventory reduction, impacting Celsius’s sales estimates. Retail trends in the US show a slowdown, leading to revised forward estimates and a new price target. Despite challenges, Celsius reports revenue growth and international expansion. Analysis: Celsius Holdings is facing challenges in the beverage market as operational headwinds and inventory reductions impact its sales estimates and…

General Motors Welcomes Former Visa CEO Alfred Kelly to Board of Directors: What This Means for Investors (Multibagger) – General Motors (NYSE: GM) announced on Thursday that Alfred Kelly, Jr., the former chairman and CEO of Visa (NYSE: V), has joined its board of directors. Kelly’s impressive tenure at Visa, where he served as the chief executive officer from 2016 to 2023 and retired from its board in February 2024, brings a wealth of experience and insight to GM. "Al Kelly’s incredible financial, tech, and consumer insights are a great complement to GM’s board as we unlock new growth opportunities…

LONDON (Multibagger) – At least part of Airbus’s A350 fleet will be inspected as a precautionary measure, Europe’s aviation safety regulator said on Thursday, after an engine part failed during the flight of a Cathay Pacific A350-1000 passenger plane. Barring fresh evidence as investigators examine the fuel system of a jet forced to return to Hong Kong on Monday, manufacturers had been leaning against recommending worldwide checks, sources told Multibagger on Wednesday. “We will require a one-time fleet inspection, which may be applicable only to a portion of the A350 fleet, in order to identify and remove from service any…