Author: Multibagger News

Woodside Energy Faces Earnings Decline Amid Strategic Uncertainties: What Investors Need to Know By Archishma Iyer and Rajasik Mukherjee (Multibagger) – Woodside Energy (OTC: WDS), Australia’s leading independent gas producer, is bracing for a decline in interim earnings. Scheduled to report its first-half results before the market opens on August 27, the Perth-based company is under the spotlight for its deal-making strategies following the collapse of a $52 billion merger with Santos (ASX: STO). Earnings Outlook and Market Focus Woodside is projected to report an underlying net profit after tax of $1.11 billion for the six months ending June, per…

Telegram Founder Pavel Durov Arrested in Paris – What Does This Mean for Investors? Pavel Durov, the Russian-born billionaire and founder of Telegram, was recently arrested in Paris. Despite this, Telegram has stated that Durov has nothing to hide and should not be held responsible for any abuse of the platform. This arrest has sparked concerns from Moscow to Paris about Durov’s rights and has even garnered criticism from Elon Musk. Telegram, a messaging and social media platform with close to 1 billion users, is facing scrutiny for allegedly allowing a wide range of crimes due to a lack of…

Breaking News: Earthquake of Magnitude 5.6 Hits South of Panama – What Does This Mean for Your Investments? As the world’s leading investment manager and financial market journalist, I am here to bring you the latest news on the earthquake that struck south of Panama with a magnitude of 5.6, according to GFZ. This seismic event has the potential to impact various industries and markets, so it is crucial to stay informed on how this could affect your investments. In times of natural disasters, such as earthquakes, the market can experience fluctuations and uncertainties. It is important to assess the…

Bitcoin’s price experienced a slight drop on Monday after a weekend rebound lost momentum, but the cryptocurrency remained close to a near one-month high due to increasing optimism surrounding potential interest rate cuts. Other cryptocurrencies also saw a retreat after significant gains since Friday, following remarks from Federal Reserve Chair Jerome Powell indicating potential rate cuts. The weakening dollar, which hit a 13-month low, also contributed to the rise in crypto prices. Bitcoin fell by 0.3% to $63,952.7 by 01:59 ET (05:59 GMT). Despite the positive momentum, further gains in Bitcoin were constrained by the continued strength of the US…

By Kevin Buckland In a stark contrast of tones, the dollar plummeted to a three-week low against the yen on Monday as Federal Reserve Chair Jerome Powell embraced a dovish stance, while Bank of Japan chief Kazuo Ueda remained hawkish. This shift caused the U.S. currency to near its lowest level in 13 months against the euro and approach levels not seen since March 2022 versus sterling. Bank of England head Andrew Bailey’s cautious comments on inflation further indicated a less aggressive approach to interest rate cuts compared to the Fed. The dollar dropped as much as 0.66% to 143.45…

Title: China’s Humanoid Robot Revolution: Pioneering Cost-Effective, Reliable Robotics By Qiaoyi Li and Kevin Krolicki Beijing (Multibagger) – China is accelerating its race in humanoid robot development with its supply chains showcasing cheaper and innovative parts at the World Robot Conference in Beijing. However, some industry executives caution that product reliability still remains an area needing improvement. Wisson Technology (Shenzhen) is breaking the mold with its flexible robotic manipulators. Unlike traditional robotics that rely on motors and reducers, Wisson harnesses 3D-printed plastics and pneumatic artificial muscles. This cost-efficient production method enables Wisson to price its flexible arms at about one-tenth…

Unleashing the Potential: Nvidia Earnings, Inflation Data, and Gold’s Surge Dominate the Financial Markets The world is abuzz as Nvidia, the AI giant, prepares to unveil its earnings on Aug. 28. As investors eagerly await the results, the stock market hangs in the balance, with Nvidia’s chips setting the gold standard in the AI space and its shares skyrocketing by 160% this year. The outcome of Nvidia’s earnings will not only test investor enthusiasm for artificial intelligence but also shed light on the sustainability of the stock’s meteoric rise. Meanwhile, all eyes are on key inflation numbers in the euro…

Breaking News: Toncoin Plummets by 20% Amid Pavel Durov’s Arrest – What’s Next for TON, Bitcoin, and Ethereum? In a shocking turn of events, the price of Toncoin has experienced a sharp decline of nearly 20% following the arrest of Pavel Durov, the billionaire founder of Telegram and a key figure in the Toncoin community. While Durov’s arrest may have rattled those outside the digital assets world, the cryptocurrency market is now closely monitoring TON’s performance. Currently trading at around $5.60, Toncoin has seen a significant drop from its recent highs near $7.00. The sudden plunge in value was exacerbated…

Breaking News: Emirati Royal Family Affiliate Invests $100 Million in New Satellite Manufacturing Venture in UAE In a groundbreaking move, a holding company connected to an Emirati royal family is injecting over $100 million into a new joint venture between Marlan Space and startup Loft Orbital, aimed at boosting the UAE’s domestic satellite manufacturing capabilities. The joint venture, named Orbitworks, will be the first commercial firm in the UAE to mass manufacture satellites. With Marlan Space holding majority ownership, this venture is backed by the International Holding Company, which is controlled by the Royal Group, owned by the ruling royal…

As the prospect of lower U.S. interest rates battered the dollar and presented a brighter outlook for metal markets, gold prices fell slightly in Asian trade on Monday while remaining in sight of record highs reached last week. The yellow metal had surged to record highs last week, driven by dovish comments from the Federal Reserve and some safe haven demand due to geopolitical tensions. Gold futures fell 0.1% to $2,509.88 an ounce, while spot prices hit a record high of $2,532.05 an ounce last week. The weaker dollar and expectations of lower interest rates have boosted the appeal of…