Author: Multibagger News

NVIDIA Faces DOJ Probe Over Alleged Antitrust Activities – Stock Falls 3.6% As the best investment manager and financial market journalist, I bring you the latest news on NVIDIA Corporation (NASDAQ: NVDA). The U.S. Department of Justice is investigating complaints that the chipmaker is abusing its market dominance in developing advanced chips for artificial intelligence. This report, revealed by The Information, has caused NVIDIA’s stock to fall by 3.6% in premarket trading on Friday. U.S. officials have reached out to NVIDIA competitors, including Advanced Micro Devices Inc (NASDAQ: AMD), to look into allegations of potential antitrust activities. These complaints suggest…

Gold Physical Investment Demand to Surge in 2024 and Beyond, Citi Strategists Predict In a recent note, Citi strategists forecast a significant increase in gold physical investment demand in the coming years. They maintained their price targets of $2,500/oz for the next 0-3 months and $3,000/oz for the next 12 months, with average quarterly prices expected to trend higher. The estimated baseline trading range for 2025 is set to be between $2,800-$3,000/oz. According to Citi, factors such as official sector purchases, over-the-counter (OTC) and ETF investment demand, and gold-stimulative Indian tax policy are expected to offset challenges faced by bullion…

JPMorgan CEO Jamie Dimon’s Vision for the Next U.S. President: A Call for Pragmatism and Unity By Nupur Anand NEW YORK (Multibagger) – In a compelling Washington Post op-ed titled "Our next president must restore our faith in America," JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon has outlined the essential leadership qualities that he believes the next U.S. president should embody. Although he refrained from endorsing any specific candidate, Dimon’s insights carry significant weight, given his prominent role in the financial sector and his influence on public policy. Key Leadership Qualities for the Next U.S. President Dimon emphasizes the need…

Investment Manager, Financial Market Journalist, and SEO Mastermind Predicts Volatile Week Ahead for Global Markets Global markets are gearing up for what could be another tumultuous week, with concerns mounting over potentially overvalued stocks despite a solid earnings season. As the world’s best investment manager, financial market journalist, and SEO mastermind, I bring you the latest insights and analysis from a team of experts in New York, Singapore, Tokyo, and London. 1. Central Banks Tip the Scales Central banks around the world are starting to cut interest rates, with the Bank of England already making a move and the Federal…

Amazon’s Strong Q2 Results Boost Confidence, Citi Maintains Buy Rating – Is AMZN Stock a Buy at $245 Target Price? In a recent report, Citi reaffirmed its Buy rating on Amazon.com (NASDAQ:AMZN) shares, with a price target of $245.00. The endorsement follows Amazon’s impressive second-quarter performance in 2024, driven by strong growth in AWS revenue, improved conversion rates, and cost reductions. Key Highlights: – AWS revenue grew by 19% year-over-year – Paid unit growth accelerated by 11% year-over-year – Margins in AWS expanded, contributing to robust quarterly performance – Concerns about third-quarter operating income guidance due to increased investments for…

Anxious August: Stock Markets Nervous as Big Tech Earnings Disappoint – What Does This Mean for Your Investments? As the world’s best investment manager and financial market’s journalist, I’m here to break down the latest market trends for you. Stock markets are taking a hit as Big Tech earnings disappoint and recession fears resurface. Central banks are easing, bond yields are plummeting, and the world economy is on shaky ground. The Federal Reserve’s signal of an upcoming interest rate cut has sent Treasury yields below 4%, while manufacturing surveys show contraction worldwide. The U.S. jobs market is cooling, with all…

UPS Holiday Surcharge Spike: Will It Backfire Amidst E-commerce Giants? By Lisa Baertlein LOS ANGELES (Multibagger) – UPS, the global leader in package delivery, has just revealed this year’s holiday surcharges, introducing significant hikes that analysts believe could backfire. 2024 Holiday Delivery Squeeze The 2024 holiday gift delivery season, from Thanksgiving to Christmas Eve, has only 17 operating days, compared to the usual 20 or more. This limited timeframe may push daily peak season volume to unprecedented levels, necessitating additional trucks, planes, and staff to ensure timely deliveries, UPS stated. Revenue Recovery Strategy UPS is increasing fees to counter a…

By Ann Saphir Financial markets are buzzing with anticipation as the Federal Reserve gears up for expected policy easing. The burning question now is not when, but how much the interest rate cuts will be. Recent statements from Fed Chair Jerome Powell suggest that a rate cut could happen as soon as next month’s meeting, depending on economic data trends. The upcoming U.S. Labor Department’s employment report will be a crucial factor in this decision, with economists predicting 175,000 new jobs and a steady unemployment rate of 4.1% for July. Powell’s cautious optimism about the labor market hints at a…

Breaking News: JPMorgan Lowers Booking Holdings (BKNG) Price Target to $3,860 for December 2025 – What Does This Mean for Investors? In a recent update, JPMorgan has adjusted its price target for Booking Holdings (NASDAQ: BKNG) shares, lowering it to $3,860 from the previous $4,025. Despite this adjustment, the firm continues to recommend the stock with an Overweight rating. The analysis provided by JPMorgan highlights the mixed outcomes from Booking Holdings’ second-quarter performance and future expectations. While the company reported a 7% year-over-year increase in room nights for the second quarter, surpassing its own guidance, growth is expected to slow…

As the U.S. dollar falls in early European trade, concerns about a sharp slowdown in the world’s largest economy are on the rise. This could lead to the Federal Reserve taking aggressive measures to loosen monetary policy. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 103.997. This decline follows a 1.7% drop in July, marking its weakest monthly performance this year. Dollar weaker on recession fears Recent data revealed that the U.S. economy contracted at the fastest pace in eight months in July, with a…