Author: Multibagger News

Gold Prices Retreat Slightly But Still Near Record Highs Amid Economic Concerns Gold prices dipped slightly on Monday, but remained close to record highs as the yellow metal continued to benefit from increased safe haven demand amidst worries about slowing economic growth. At 06:00 ET (10:00 GMT), gold dropped 0.8% to $2,424.01 an ounce, while gold futures expiring in December fell 0.2% to $2,464.15 an ounce. The weaker dollar also supported metal markets, with traders expecting further U.S. interest rate cuts due to weak economic data. Gold futures recently touched record highs above $2,500 an ounce, while spot prices were…

The Shocking Truth About the U.S. Recession Threat: How Warren Buffett’s Moves Are Shaking Up Global Markets Are we on the brink of a U.S. recession? The mere mention of it has sent world stocks and bond yields into a tailspin, with AI doubts and a Japan-led volatility spike adding to the chaos in the markets. What does Warren Buffett’s Berkshire Hathaway know that we don’t? With nearly $277 billion in cash and a significant reduction in its Apple stake, it seems the legendary investor is hedging his bets against the U.S. economy. As Apple and Nvidia stocks take a…

# Schneider National (NYSE: SNDR) Posts Strong Q2 2024 Results Amid Market Challenges  ## Schneider National (NYSE: SNDR) Q2 2024 Earnings Report: Key Highlights and Market Analysis Schneider National (NYSE: SNDR), a leading transportation and logistics services provider, showcased a robust performance in its Q2 2024 earnings report. The company reported sequential growth across its truckload, intermodal, and logistics segments, reflecting its strategic operational enhancements. ### Financial Performance Overview Schneider revised its full-year adjusted diluted earnings per share (EPS) guidance to a range of $0.80 to $0.90, considering both favorable market indicators and some delays in earnings recovery…

By Maria Martinez Germany’s Services Sector Growth Slows, Economy at Risk of Recession In July, Germany’s services sector growth slowed for the second consecutive month, signaling a loss of momentum in Europe’s biggest economy. The final services Purchasing Managers’ Index eased to 52.5 from 53.1 in June, above the 50.0 mark but showing signs of contraction. Chief economist Cyrus de la Rubia warned that if the service sector stalls, the entire economy could slip into a recession, especially as manufacturing continues to shrink sharply. The recent unexpected contraction in the second quarter has raised fears of a technical recession, defined…

U.S. District Judge Tanya Chutkan has scheduled a pretrial meeting on Aug. 16 in the U.S. criminal case accusing Donald Trump of illegally attempting to overturn his 2020 election defeat, according to a court document revealed on Saturday. The case had been on pause for nearly eight months to allow for Trump to get his presidential immunity claim adjudicated, and Chutkan’s order comes after she regained jurisdiction in the case. It is anticipated that in the coming weeks, Chutkan will decide which aspects of the indictment obtained by Special Counsel Jack Smith must be dismissed following the Supreme Court ruling…

Breaking News: Cryptocurrency Market Plunges, Bitcoin Drops Below $50k Amid Global Recession Fears As the cryptocurrency market faced a challenging week, major assets like Bitcoin, Ethereum, and Solana saw significant declines, leading to widespread liquidations. Bitcoin’s price plummeted below $50,000 for the first time since February, hitting a low of $49,351 before recovering to around $51,000. This drop caused the original coin’s dominance to rise to 58%, while the total cryptocurrency market capitalization took a hit, losing over 17%. The total market cap, which was at $2.16 trillion last month, now stands at around $1.76 trillion. Some experts are predicting…

NVIDIA (NASDAQ: NVDA) Faces Blackwell Chip Delay: Citi Maintains Buy Rating Despite Setback In a recent update, Citi reaffirmed its Buy rating and $150.00 stock price target for NVIDIA Corporation (NASDAQ: NVDA) despite the expected delay in the release of the company’s Blackwell chips. The delay is projected to impact NVIDIA’s Blackwell GPU units forecast for the January quarter, with a three-month setback anticipated. Citi’s analysis suggests that the demand for artificial intelligence (AI) could lead to increased orders for NVIDIA’s H100 and H200 GPUs, partially offsetting the decline in Blackwell sales. While the July and October quarter data center…

Elon Musk’s PAC Under Investigation in Michigan for Potential State Law Violations Elon Musk, the billionaire CEO of Tesla, is facing scrutiny as a political action committee (PAC) backed by him is under investigation in Michigan for possible violations of state laws. The Musk-backed America PAC has been gathering detailed voter information from residents in Michigan and other states, raising concerns about how personal data is being used. The Michigan secretary of state’s office is currently reviewing the activities of the America PAC to determine if any state laws have been breached. While the PAC is a federal entity, it…

"Crop Sales Surge: How Farmers’ Bargain Prices Boost ADM and Bunge’s Profits" By Tom Polansek and P.J. Huffstutter CHICAGO (Multibagger) – A recent spike in low-cost crop sales by U.S. farmers, driven by the need to clear storage for the upcoming autumn harvest, is set to enhance profitability for major grain handlers such as Archer-Daniels-Midland (ADM) and Bunge Global (NYSE: BG). Both companies, which trade and process soybeans and corn, recently noted that slow farmer sales had negatively impacted their second-quarter earnings. However, this trend is expected to reverse as farmers in key Midwestern states like Iowa, Indiana, Illinois, and…

The US Economy Faces Downturn: What It Means for Investors and the Federal Reserve The latest jobs data has sparked concerns about a potential downturn in the US economy, leading to discussions among investors about the Federal Reserve’s rate-cutting strategy. With expectations of over 100 basis points in rate cuts by the end of the year, many are predicting a 50bp cut in September. Bank of America economists believe that while a rate cut in September is almost certain, aggressive cuts may not be necessary. They attribute the weak July employment numbers to weather-related factors, pointing out indicators such as…