Author: Multibagger News

The Ultimate Investment Manager’s Guide to Navigating the Global Financial Markets As the markets face a turbulent time after the recent sell-off in early August, Asian shares are down and Tuesday’s small drop has left investors on edge. Will this be the end of a 20-year winning streak? With the yen climbing to 145.5 per dollar, Japanese stocks are feeling the pressure, while news of Walmart looking to sell its stake in JD.com has sent shockwaves through the Chinese online retailer’s shares in Hong Kong. Market momentum is at a standstill as we wait for economic data to assess the…

Bank of Japan Expected to Raise Interest Rates by Year-End, Economists Predict – Multibagger Poll By Satoshi Sugiyama TOKYO (Multibagger) – The Bank of Japan will raise interest rates again by year-end, according to more than half the economists in a Multibagger poll published on Wednesday, with those who had a view on which month leaning towards a December increase. The findings reflect analysts’ conviction the BOJ is undeterred from gradually retreating from decades of huge monetary stimulus even as its global peers, including the U.S. Federal Reserve, tilt toward interest rate cuts. In the August 13-19 poll, 57% of…

By Stephanie Kelly CHICAGO (Multibagger) – Michelle Obama delivered a powerful speech at the Democratic National Convention, taking aim at Republican presidential candidate Donald Trump for his character flaws and racist remarks targeting her and Barack Obama. Obama criticized Trump for his narrow worldview, stating that he felt threatened by successful Black individuals like herself and Barack. She also called out Trump’s comments on “Black jobs” being taken by migrants, questioning whether the job he seeks could also be considered one of those. Michelle Obama voiced her support for Democratic candidate Kamala Harris, highlighting the historic significance of Harris potentially…

CEE Holdings Trust Acquires More Shares in System1, Inc. (NYSE:SST) – What Does This Mean for Investors? In a recent move, CEE Holdings Trust, a major shareholder in System1, Inc. (NYSE:SST), has increased its stake in the company by purchasing additional shares. This strategic investment of approximately $16,589 for 13,463 shares at an average price of $1.23 per share indicates the Trust’s confidence in System1’s future. This development comes amidst System1’s impressive financial results for the second quarter of 2024, surpassing its own forecasts with a revenue of $95 million and a gross profit of $39 million. The company’s focus…

As the Japanese yen slightly weakened after a strong rally, Asian currencies remained stable on Wednesday. The dollar, on the other hand, struggled at seven-month lows due to expectations of U.S. interest rate cuts. Japanese Yen Softens After Strong Rally, Carry Trade Unwinds The Japanese yen weakened slightly against the dollar after a recent rally, indicating a shift in the carry trade trend. Analysts predict that the yen could fall further if the carry trade continues to unwind in the coming months. Recent data from Japan showed mixed economic indicators, with growing less than expected but picking up sharply. Dollar…

Breaking News: Nektar Therapeutics (NASDAQ:NKTR) CEO Robin Howard W Sells Shares Worth $19,000 – What Does This Mean for Investors? In a recent development, Nektar Therapeutics CEO Robin Howard W sold 14,881 shares of the company’s common stock, netting over $19,000. This transaction, primarily to cover tax obligations related to Restricted Stock Units (RSUs), was not a discretionary trade by Howard. However, he still retains a significant stake in the company, owning 848,358 shares of Nektar Therapeutics’ common stock. Why is this sale significant? It provides valuable insight for investors and market watchers, reflecting an impact on the executive’s stake…

Thailand’s Economy on the Brink of Crisis: What Investors Need to Know As the world’s best investment manager and financial market journalist, I have some alarming news to share. According to Thailand’s caretaker finance minister, the country’s economy is teetering on the edge of crisis. Declining exports and uncompetitive manufacturing are to blame, making it difficult for Thailand to keep up with market demand. Exports make up a whopping 70% of Thailand’s economy, but unfortunately, the manufacturing sector is struggling to meet these demands. Pichai Chunhavajira, the finance minister, expressed his concerns at a recent business seminar, stating, “We can’t…

The Ultimate Insider Look at Nektar Therapeutics: Chief R&D Officer Sells Shares to Cover Taxes Nektar Therapeutics (NASDAQ:) Chief R&D Officer, Jonathan Zalevsky, recently sold shares of the company’s common stock to cover tax withholdings. Find out more about this strategic move and its implications for investors. Investors should take note of the recent sale of Nektar Therapeutics’ shares by its Chief R&D Officer. This transaction was a necessary step to meet tax obligations associated with stock-based compensation. Despite the sale, Zalevsky still holds a significant number of shares in the company. In addition to this insider sale, Nektar Therapeutics…

Asian Stocks Decline as Yen Strengthens, JD.com Sinks on Walmart Stake Sale Report In the latest market update, Asian stocks retreated on Wednesday due to the strength of the yen causing a further unwinding in the carry trade. This led to losses in e-commerce giant JD.com, dragging down Hong Kong’s Hang Seng index. The regional markets followed the weakness in Wall Street, where U.S. stocks ended an eight-day rebound rally with caution before an address by Federal Reserve Chair Jerome Powell. Hang Seng index in Hong Kong fell by 0.7%, with JD.com being the biggest weight on the index as…

China Association of Automobile Manufacturers Opposes EU’s High Tariffs on Chinese Electric Vehicles – Risks and Uncertainty Ahead As the world’s best investment manager, I bring you the latest news from Hong Kong: The China Association of Automobile Manufacturers is taking a firm stand against the European Union’s proposed high tariffs on Chinese-made electric vehicles. This decision, as reported by CCTV, poses “enormous risks and uncertainty” for China’s operations and investments in the EU. This development has significant implications for the global automotive industry and financial markets. As an expert financial market journalist and SEO mastermind, I understand the importance…