Author: Multibagger News

Unveiling the Future Gold Medallists: AI-Powered Talent Spotting System at the Olympics Fans at the Olympics are getting a sneak peek into the future of sports with a cutting-edge AI-powered talent spotting system. Developed to unearth future gold medallists, this technology aims to revolutionize sports science by reaching remote areas worldwide. The system evaluates athletes’ potential through various tests like running, jumping, and grip strength measurements. By analyzing data on power, explosiveness, endurance, reaction time, strength, and agility, it matches individuals with elite athletes’ profiles. Intel’s head of Olympic and Paralympic Program, Sarah Vickers, explains how this system enables average…

Willdan Group (WLDN) Wins $102 Million Contract with Clark County School District for Energy-Saving Upgrades ANAHEIM, Calif. – Willdan Group, Inc. (NASDAQ: WLDN) secures a $102 million contract to implement energy-saving upgrades across 204 schools in the Clark County School District. This initiative is expected to yield $170 million in lifetime energy savings and reduce annual operations and maintenance costs by $700,000. The company’s CEO, Mike Bieber, emphasizes their commitment to supporting the district’s energy efficiency goals, along with enhancing STEM education through educational initiatives. Willdan has involved over 200 local subcontractors, with 30% being Minority- or Women-Owned Business Enterprises,…

Barings BDC, Inc. (NYSE: BBDC) Q2 2024 Financial Results: A Comprehensive Breakdown for Investors Barings BDC, Inc. (NYSE: BBDC) has released its financial results for the quarter ending June 30, 2024, showcasing stable earnings and solid credit performance. The company’s net asset value (NAV) per share came in at $11.36, with net investment income surpassing dividends paid out. Focused on middle-market and sponsor-backed investments, BBDC’s portfolio is well-diversified, boasting one of the industry’s lowest levels of nonaccruals. Executives remain optimistic about the lending environment in the second half of the year and maintain a conservative dividend policy, ensuring shareholder benefits.…

Brazil’s Central Bank Vows to Control Inflation, Promises to Take Necessary Measures | Latest Updates from Copom Meeting Revealed In a recent statement, Brazil’s central bank expressed its commitment to keeping inflation in check, with risks leaning towards surpassing the 3% target. Monetary policy director Gabriel Galipolo emphasized the determination of policymakers to do whatever it takes to curb inflation, even under the leadership of President Luiz Inacio Lula da Silva. During the Copom meeting, members discussed the possibility of raising interest rates if necessary, but Galipolo clarified that this does not serve as a definitive indication of future actions.…

Breaking News: Cybersecurity Researcher Saves Companies from Ransomware Attacks In a groundbreaking discovery, cybersecurity researcher Vangelis Stykas reveals how flaws in ransomware gang web infrastructures led to the rescue of six targeted companies from potentially devastating ransom demands. Two companies were able to decrypt their data without paying a ransom, while four crypto companies were alerted before their files were encrypted, marking rare victories for victim organizations. Stykas, the Chief Technology Officer at Atropos.ai, uncovered vulnerabilities in the web dashboards used by ransomware gangs, allowing him to identify the command and control servers behind over 100 groups. By exploiting simple…

MicroStrategy Launches MicroStrategy ONE for Government on AWS Marketplace In a groundbreaking move, MicroStrategy Incorporated (NASDAQ:MSTR) has unveiled MicroStrategy ONE for Government on the AWS Marketplace. This innovative development allows federal agencies to easily access and deploy MicroStrategy’s AI-powered analytics platform through Amazon Web Services (AWS). MicroStrategy ONE for Government is a managed software-as-a-service (SaaS) solution specifically designed to meet the strict security and privacy requirements of the public sector. This platform empowers organizations at all levels to make data-driven decisions with the help of AI-powered insights. One of the standout features of this platform is HyperIntelligence, which enables users…

Cheniere Energy’s Q2 2024 Financial Triumph: A Strategic Blueprint for Future Growth Cheniere Energy, Inc. (NYSE: LNG) has reported stellar financial results for Q2 2024, significantly exceeding market expectations. The energy giant also secured a major 20-year contract with Galp and offered an optimistic outlook for LNG demand growth in Asia and Europe. With consolidated adjusted EBITDA reaching $1.3 billion and net income at $880 million, Cheniere has raised its full-year guidance for 2024. The company is also advancing its Stage 3 expansion project and remains committed to strengthening its balance sheet through share repurchases and bond issuance. Key Takeaways…

Jeff Schmid, Kansas City Federal Reserve Bank President, Signals Confidence in Cooling Inflation, Sets Stage for Rate Cut In a recent statement, Jeff Schmid, a prominent voice within the U.S. central bank, expressed optimism about the future trajectory of inflation. He highlighted that recent data has been “encouraging,” leading him to believe that inflation is on a downward trend. This sentiment has bolstered his confidence in the prospect of a reduction in the Federal Reserve’s interest rate. Schmid emphasized the importance of taking a cautious approach when interpreting inflation data, particularly in light of the significant fluctuations seen in recent…

CloudPay Secures $120 Million Funding Round Led by Blue Owl Capital In 1996, a groundbreaking collaboration between Patersons HR and Payroll Solutions resulted in the birth of CloudPay, a revolutionary platform that provides top-tier payroll and payments services to enterprise clients. Over the years, CloudPay has steadily expanded its offerings, incorporating advanced workflow automation features to stay ahead of emerging competitors in the market. According to CFO Andy Thomson, CloudPay currently manages the payroll processes of 280 esteemed firms, including industry giants like Visa, Wayfair, Wells Fargo, Expedia, and The London Stock Exchange. With a staggering annual production of over…

Bitcoin Price Surges 10.27% in One Day to $61,129.4: Market Analysis In a monumental move, Bitcoin reached $61,129.4 by 18:00 (22:00 GMT) on the Investing.com Index on Thursday, marking a significant 10.27% increase in just one day. This surge boosted Bitcoin’s market cap to $1,179.0B, representing 56.30% of the total cryptocurrency market cap, with its peak cap hitting $1,435.8B. Over the past week, Bitcoin experienced a 7.87% decrease in value, with a trading volume of $39.9B in the last 24 hours, accounting for 44.71% of the total cryptocurrency volume. Bitcoin’s price fluctuated between $49,486.9102 and $65,567.1328 in the past seven…