Author: Multibagger News

Breaking News: US Manufacturing Activity Hits Eight-Month Low in July, But Recovery Expected In a recent report by the Institute for Supply Management (ISM), US manufacturing activity dropped to an eight-month low in July, with the PMI falling to 46.8 from 48.5 in June. This indicates a contraction in the manufacturing sector, which makes up 10.3% of the economy. Despite this decline, the PMI remains above the key level of 42.5, suggesting overall economic expansion. While sentiment surveys like the ISM may paint a bleak picture, hard data from the government and Federal Reserve show signs of stabilization in the…

Breaking News: East-West Prisoner Exchange Names Revealed – Impact on Global Markets In a major East-West prisoner exchange, several individuals are set to return to their home countries, causing ripples in the global markets. Three U.S. citizens and one legal permanent resident are coming back from Russia, while twelve German nationals and Russian political prisoners will return to Germany. Additionally, eight people are headed back to Russia from various countries. This development could have significant implications for international relations and diplomatic ties. Investors should keep a close eye on how these changes may affect market stability and geopolitical dynamics. Stay…

TechCrunch Mobility News Update: Google Maps Updates, Rad Power Bikes Layoffs, and More! Welcome back to TechCrunch Mobility, your go-to source for all things transportation. Summer road trips are in full swing, and Google Maps has some new updates. While we were hoping for a pause button feature, it seems we’ll have to wait a bit longer. In other news, Rad Power Bikes, the e-bike startup, has experienced layoffs, and Applied Intuition just closed a $300 million deal. Plus, find out about recent funding rounds for Rapido and Sennder, among others. Analysis: What Does This Mean for You? As the…

Investing.com – XRP Plummets 10% to $0.5871: Largest Drop Since April 13 In the latest cryptocurrency market update, XRP saw a significant decline, dropping 10.06% to $0.5871 by 11:42 (15:42 GMT) on Thursday. This marks the largest one-day percentage loss for XRP since April 13. This downward movement also resulted in XRP’s market cap falling to $32.9948B, accounting for 1.46% of the total cryptocurrency market cap. Previously, XRP’s market cap had reached as high as $83.4407B. Over the past week, XRP has experienced a 4.68% decrease in value. The trading volume for XRP in the last twenty-four hours was $2.0005B,…

Breaking News: New Fortress Energy (NASDAQ: NFE) Stock Hits 52-Week Low at $19.02 Amid Turbulent Market Conditions In the midst of a challenging market environment, New Fortress Energy LLC (NASDAQ: NFE) has seen its stock price plummet to a 52-week low of $19.02, marking a significant -31.49% decline over the past year. Investors are closely watching the energy sector, as New Fortress Energy’s performance reflects broader market trends and the obstacles faced by energy companies in today’s economic landscape. The 52-week low serves as a crucial point of analysis for the company and its stakeholders as they navigate the complexities…

Moderna Slashes 2024 Sales Forecast: What It Means for Your Portfolio By Patrick Wingrove and Leroy Leo Moderna’s 2024 Vaccine Sales Forecast Slashed by 25%: Implications for Investors (Multibagger) – On Thursday, Moderna (NASDAQ: MRNA) announced a significant reduction in its 2024 sales forecast for COVID-19 and respiratory syncytial virus (RSV) vaccines, projecting a cut by up to 25%, or $1 billion. This revision stems partly from continued low COVID vaccine sales to the European Union, expected to persist until 2026. The announcement prompted Moderna’s shares to plummet by over 15%, closing at $101.01, thereby reducing the company’s market value…

Title: Unlocking the Secrets of 401(k) Matching Contributions for Optimal Retirement Savings As the world’s best investment manager and financial market journalist, I am here to reveal the hidden truths behind 401(k) matching contributions and how they impact your retirement savings. Recent research shows that traditional matching programs may not be the most effective way to incentivize saving. Instead, features like automatic enrollment and higher initial contribution rates are proving to be more powerful tools for increasing participation and savings over time. Employer contributions to 401(k) plans amount to a significant portion of retirement savings in the U.S., with Vanguard…

By Felix Light and Mark Trevelyan Investing.com – In a shocking turn of events, Wall Street Journal reporter Evan Gershkovich has been released as part of a major east-west prisoner swap involving 26 individuals. Gershkovich, who was held in a Russian jail for 16 months on charges of espionage, is now on his way back to the United States. Gershkovich’s ordeal began in 2022 when he was arrested in Moscow and accused of collecting sensitive military information for the U.S. Central Intelligence Agency. Despite maintaining his innocence, he was convicted in a rushed and secret trial in July 2024 and…

Breaking News: Boeing’s Starliner Program Bleeds $125 Million Due to Delays | What You Need to Know Boeing’s Starliner program has suffered a massive setback, losing $125 million as delays plague its first crewed flight test. Originally planned for just eight days, the mission has now been orbiting for nearly two months. This latest loss adds to the $1.6 billion already sunk into the project, with Boeing shouldering all cost overruns under the fixed-price contract model. In contrast, SpaceX, awarded a similar fixed-price contract for astronaut transportation services, has been meeting its obligations flawlessly with the Crew Dragon capsule. As…

JetBlue Airways Appoints Jamie Perry as President of JetBlue Travel Products – What This Means for Investors JetBlue Airways (NASDAQ:JBLU) made a significant announcement on Thursday, naming Jamie Perry as the new president of its JetBlue Travel Products subsidiary. Perry’s role will involve expanding the JetBlue Vacations brand and other non-air travel products, such as the airline’s Paisly travel website. Perry, who has a strong background in leadership roles at JetBlue and other companies, is expected to drive growth in the vacations and ancillaries space. This move is seen as a strategic step to boost revenue and customer loyalty for…