Author: Multibagger News

Breaking News: Trump Holds Slim Lead Over Harris in 2024 Presidential Poll – Investing.com In a recent Fox News poll, Republican nominee Donald Trump is leading Democratic candidate Kamala Harris by a slim margin, setting the stage for a tight race in the upcoming 2024 elections. The poll, conducted between August 9-12 with a sample of 1,105 registered voters, shows Trump with a 50% approval rating compared to Harris’ 49%. This latest poll follows a previous Fox poll that had Harris trailing Trump by one point. Despite this, other recent polling data indicates a close race between the two candidates.…

The Secret Dogecoin Cross Happening & Bitcoin’s Path to $70,000: Ethereum Faces Bearish Wedge As the world’s best investment manager, I am here to inform you about a noteworthy technical event that could impact the future movement of Dogecoin, Bitcoin, and Ethereum. Dogecoin is on the verge of a potential death cross, where the 200-day Exponential Moving Average (EMA) is about to cross below the 100-day EMA. This could signal a shift from bullish to bearish momentum, leading to a possible protracted downtrend for Dogecoin. Meanwhile, Bitcoin is eyeing a move towards $70,000 as it navigates a well-defined channel. However,…

Insider Trading Alert: Natera, Inc. Co-Founder Sells $307K Worth of Stock Natera, Inc. (NASDAQ: NTRA) co-founder Sheena Jonathan recently sold a significant amount of company stock, totaling $307,313. These transactions were carried out in multiple tranches at varying prices between $112.80 and $115.70 per share. Despite these sales, Jonathan still holds a substantial number of shares directly, with additional shares held in trusts for her minor children. The sales were conducted under a pre-arranged trading plan to avoid accusations of trading on nonpublic information. In other news, Natera reported strong Q2 performance with a 12% sequential revenue increase and upward…

Japanese Stock Market’s Margin Trading Plummets Amidst Historic Nikkei Drop – What It Means for You By Junko Fujita TOKYO (Multibagger) – Last week, Japanese stock market experienced a drastic decline in margin trading, a popular strategy involving borrowed money, as the Nikkei index faced its most significant fall in nearly 40 years. Breaking Down the Numbers Margin trading, which allows investors to amplify their market bets by borrowing cash from brokerages, is widely used among Japanese retail investors. According to data from the Japan Exchange Group, margin trading constitutes about 70% of retail trading value. In the week ending…

Asian Stocks Firm as Dollar Weakens on Fed Rate Cut Expectations Asian stocks were firm on Thursday as the dollar remained on the back foot due to lower U.S. Treasury yields following benign consumer inflation data. This reinforced expectations for the Federal Reserve to start cutting interest rates next month. Regional equities took their cue from gains on Wall Street, with Japan’s Nikkei rising 0.5% and Australia’s stock benchmark up 0.1%. Mainland Chinese blue chips added 0.4%, while Hong Kong’s slipped 0.3%. U.S. futures pointed 0.1% higher after the cash index advanced 0.4% on Wednesday, buoyed by the slowest rise…

Jonathan Segal Increases Stake in ONE Group Hospitality, Inc. with $4,772 Share Purchase – Insider Signal of Growth Potential Jonathan Segal, a significant shareholder and director of ONE Group Hospitality, Inc. (NASDAQ:STKS), recently acquired 1,311 shares valued at $4,772 on August 13, 2024. This purchase, with a weighted average price of $3.64 per share, indicates a positive outlook on the company’s future growth within the retail eating places sector. Following this transaction, Segal now holds a total of 3,633,574 shares directly. The recent surge in revenue for The ONE Group Hospitality, Inc. in the second quarter of 2021, attributed to…

Electric Vehicle Fires in South Korea: Crucial Insights for Investors and Consumers SEOUL (Multibagger) – South Korea’s Call for Transparency in EV Battery Manufacturing Amid Rising Fire Concerns By Heekyong Yang and Ju-min Park — South Korea is urging automakers to disclose the manufacturers of batteries used in electric vehicles (EVs) to calm growing fears over fire incidents. This move follows a recent underground parking lot blaze in Incheon that took eight hours to extinguish, destroying 140 cars and displacing residents. — Why Are EV Fires Making Headlines in South Korea? On August 1st, a fire broke out in a…

Japan’s Economy Surges with 3.1% Growth in Second Quarter Japan’s economy exceeded expectations in the second quarter, with a growth rate of 3.1% year-on-year, fueled by increased wages that boosted private spending. This positive development follows a 2.3% contraction in the first quarter, which has now been revised lower to 1.8%. Additionally, the economy grew by 0.8% quarter-on-quarter, surpassing expectations of 0.6%. The surge in growth can be attributed to a 1% increase in private spending as a part of GDP in the June quarter, far exceeding predictions of 0.5%. This growth was driven by significant wage hikes negotiated by…

Ontario Teachers Pension Plan Board Sells 2.8 Million Shares of Viasat Inc. – What Does This Mean for Investors? In a recent move, Ontario Teachers Pension Plan Board has offloaded a significant number of shares in Viasat Inc. The pension plan divested 2,811,442 shares of Viasat’s common stock at $19.90 per share, totaling around $55.9 million. This sale has adjusted the pension plan’s holding in the company to 8,545,334 shares. Viasat Inc., a key player in the communication and satellite technology industry, is known for its radio and television broadcasting equipment. Large transactions like this one by institutional investors can…

Discover how the prospect of lower U.S. interest rates is impacting oil prices and what it means for your investments. Stay informed with the latest market trends and analysis. Investing.com– Oil prices rose slightly in Asian trade on Thursday as the prospect of improving demand through lower U.S. interest rates helped traders look past growing concerns over weaker demand. A slew of softer-than-expected U.S. inflation readings ramped up conviction that the Federal Reserve will have more confidence to begin cutting interest rates from September, which traders hope will help spruce up oil demand. Some elements of risk premium also remained…