Author: Multibagger News

Evercore Snags Top Goldman Sachs Dealmaker to Bolster Private Equity and Alternative Asset Coverage By Milana Vinn Evercore Hires David Kamo from Goldman Sachs: What This Means for Private Equity and Alternative Asset Management Overview Evercore, a leading investment bank, has made a significant strategic move by hiring David Kamo, a top dealmaker from Goldman Sachs, as a Senior Managing Director. Kamo, who served as the global head of dealmaking for financial sponsors at Goldman, will join Evercore in the coming months following his gardening leave. Key Details David Kamo’s Background: Kamo joined Goldman Sachs in 2016 and became a…

Recent economic indicators from China have provided a mixed picture, with inflation readings for July beating expectations. However, analysts at Citi Research suggest these improvements may not be sufficient for sustainable reflation. Inflation Data Overview China’s Consumer Price Index (CPI) and Producer Price Index (PPI) for July showed slight improvements over forecasts. CPI rose 0.5% YoY, surpassing expectations and reaching the highest level since April 2023. However, the breakdown reveals less favorable trends in food prices, energy prices, and core inflation. The Producer Price Index (PPI) also beat expectations, remaining at -0.8% YoY with a sequential change of -0.2% MoM.…

Breaking News: Russian Missile Strike Hits Ukrainian Supermarket, Killing 10 People A devastating Russian missile strike hit a supermarket in the Ukrainian town of Kostiantynivka, resulting in the tragic loss of at least ten lives and leaving 35 others injured, according to Ukrainian officials. The strike sparked a fire that has since been extinguished, but the aftermath is harrowing as heavy black smoke clouds billow from the destroyed building, as seen in images and videos shared by officials. President Volodymyr Zelenskiy condemned the attack, stating, “Russian terrorists hit an ordinary supermarket and a post office. There are people under the…

As the world’s leading investment manager and financial market journalist, I am thrilled to announce the groundbreaking partnership between Valhalla and Sunderland AFC for the upcoming season. This collaboration includes a prominent back-of-shirt sponsorship deal that is set to revolutionize the sports marketing landscape. What’s Included in the Package? 4 minutes of in-game pitchside LED display at all home league fixtures Interview backdrops at The Academy of Light for pre-game press conferences The tunnel at the Ground for TV interviews Static pitch-facing perimeter advertising site at The Stadium of Light Extensive online advertising at SAFC.COM Monthly “Goal of The Month”…

Brookfield Corporation (NYSE: BN) Receives Sector Outperform Rating from Scotiabank with Increased Price Target to $51.25 – Analysts Predict Central Bank Policy Easing as Opportunity for Investors Scotiabank has reaffirmed its Sector Outperform rating on Brookfield Corporation (NYSE: BN) and raised the price target to $51.25, up from $50.50. The adjustment reflects a more positive outlook due to a higher valuation of Brookfield’s private equity group and the impact of the AEL transaction. Despite projected decreases in 2024 and 2025 estimated distributable earnings per share (DEPS) by 2%-3%, the analyst views recent share price declines as a chance for investors…

New Fortress Energy Inc. Posts Larger-Than-Expected Q2 Loss Amid Revenue Shortfall and Project Delays Comprehensive Analysis: What the Q2 2024 Earnings Report Means for Investors New York – In a recent earnings report, New Fortress Energy Inc. (NASDAQ: NFE) disclosed a broader-than-anticipated loss for the second quarter of 2024, as revenues fell short of analyst expectations. This announcement led to a 2.4% drop in the company’s stock price. Key Financial Highlights: Adjusted Loss Per Share: The company reported an adjusted loss of $0.41 per share, significantly missing the analyst consensus of $0.09 earnings per share. Revenue: New Fortress Energy generated…

Breaking News: Wall Street Futures Surge as Fed Signals Interest Rate Cuts – Nvidia Leads Tech Stocks Higher Image: [Link to Image] In a positive turn of events, futures tied to Wall Street’s main indexes are on the rise on Friday. This comes after dovish signals from Federal Reserve officials and encouraging data on the labor market have lifted investor sentiment. Chipmaker Nvidia is leading the charge in premarket trading, with a 2.5% gain in megacap technology stocks. Global markets experienced turbulence earlier this week due to concerns over a slowdown in the U.S. economy and unexpected rate hikes by…

Grove Collaborative Holdings Inc. (NYSE: GROV) Price Target Reduced to $2.00 by Telsey Advisory Group Despite Strong Profitability Telsey Advisory Group has adjusted its price target for Grove Collaborative Holdings Inc. (NYSE: GROV), a sustainable consumer products company, reducing it to $2.00 from the previous $3.00. Despite the price target reduction, Telsey maintained its Outperform rating on the stock. The firm’s decision comes after Grove Collaborative reported a solid quarter in terms of profitability, with adjusted EBITDA results surpassing expectations. This marks the fourth consecutive quarter that the company has posted positive adjusted EBITDA figures. However, the company has observed…

Jeff Schmid, President of the Kansas City Federal Reserve Bank, Signals Confidence in Cooling Inflation – Potential Interest Rate Cut Ahead In a recent statement, Jeff Schmid, known for his hawkish stance at the U.S. central bank, expressed optimism about the recent data indicating a decrease in inflation. This has raised his confidence in the possibility of a Fed interest rate reduction. Schmid emphasized the importance of analyzing data with caution, stating that despite the current inflation rate being around 2.5%, the Fed’s target is 2%. He believes that the economy is resilient, with strong consumer demand and a healthy…

Yelp’s Q2 2024 Financial Triumph: What It Means for Your Investment Portfolio Yelp Inc. (NYSE:YELP), the renowned business reviews and search services giant, has reported an impressive performance for the second quarter of 2024. Let’s dissect the key figures and implications for both investors and everyday users. Key Financial Highlights Record Net Revenue: Yelp achieved a net revenue of $357 million, a 6% year-over-year increase. Profitability: The company reported a net income of $38 million and an adjusted EBITDA of $91 million, both surpassing expectations. Growth in Services: The home services category saw a 15% year-over-year growth, with request-to-quote project…