Author: Multibagger News

British Finance Minister Reveals Tax Hike Plans – What You Need To Know By Andy Bruce British finance minister Rachel Reeves is gearing up to announce tax increases in her upcoming budget presentation, but with a promise to spare “working people” from the burden. Reeves, who leads the Labour government following a decisive election victory, has inherited a substantial 22 billion pound hole in the public finances. Despite the need for tax hikes, Reeves has pledged to uphold Labour’s manifesto commitments by avoiding increases in income tax, national insurance, value-added tax, and corporation tax rates. Here are some of the…

By Trevor Hunnicutt Donald Trump’s unexpected appearance at the National Association of Black Journalists’ annual convention in Chicago has sparked controversy and divided the group’s members. As the world’s best investment manager and financial market’s journalist, I am here to break down what this means for investors. Trump’s decision to speak at the convention comes at a crucial time, following President Joe Biden’s surprising decision to drop out of the 2024 election. This move has the potential to shake up the political landscape and impact financial markets. While some members of the group have criticized the decision to offer a…

How Trump’s Victory Could Impact the Crypto Market: An Expert Analysis Former U.S. president Donald Trump’s recent promise to fire SEC Chair Gary Gensler, a known crypto skeptic, if reelected has sparked excitement in the crypto industry. With Gensler cracking down on cryptocurrencies, a Trump victory could bring significant changes overnight. In this article, we delve into the potential implications of a Trump administration on the crypto market. From appointing a crypto-friendly chair to rescinding restrictive guidance, the industry is hopeful for a more favorable regulatory environment under Trump’s leadership. While Gensler’s term extends to 2026, Trump could replace him…

H.C. Wainwright Upgrades Balchem Corporation Stock with New $185 Price Target, Buy Rating – Analysis of Q2 Results and Future Projections In a recent development, H.C. Wainwright has upgraded its outlook on Balchem Corporation (NASDAQ:BCPC) stock, setting a new 12-month price target of $185, up from the previous $170, while maintaining a Buy rating. This adjustment comes after the release of the company’s second-quarter financial results, which showed a slight increase in top-line revenue to $234.1 million compared to the same quarter last year. However, the revenue fell short of H.C. Wainwright’s estimate of $247 million and saw a decrease…

Are you interested in the latest financial news that could impact your investments? Look no further! Japanese authorities have spent a whopping 5.53 trillion yen ($36.8 billion) intervening in the foreign exchange market this month to boost the yen off 38-year lows. This move has sent shockwaves through the financial world, with traders and analysts closely monitoring the situation. Analysts are attributing the sharp yen spikes to various factors, including the recent comments from Republican presidential candidate Donald Trump and high-profile Japanese politicians advocating for near-term interest rate hikes. The Bank of Japan’s decision to raise interest rates has further…

The Bank of Japan Hikes Rates, Fed Meeting in Focus – Wall Street Eyes Positive Close The Bank of Japan made a bold move by hiking interest rates, signaling a shift in monetary policy. Meanwhile, all eyes are on the Federal Reserve as it concludes its July meeting. What does this mean for investors? 1. BOJ Raises Rates, Sets Tone for Fed The Bank of Japan raised its overnight call rate target to 0.25%, with plans for quantitative tightening. This move comes after improvements in Japanese inflation, hinting at future tightening. On the other hand, the Fed is expected to…

By Anushree Ashish Mukherjee and Kavya Balaraman Analysts are holding their oil price forecasts largely steady for the second half of 2024, as geopolitical risks offset muted demand from major consumers like China, a Multibagger poll indicated on Wednesday. A poll of 36 analysts and economists surveyed by Multibagger in the last two weeks forecast that oil prices would average $83.66 per barrel in 2024, and that gas prices would hover at $79.22, largely in line with last month’s estimates of $83.93 and $79.72. “Prices are expected to remain in the $80-85 per bbl range supported by stable demand-supply dynamics,”…

KKR Surges with 49% Jump in Q2 Net Income: Key Insights for Investors By Echo Wang NEW YORK (Multibagger) – In a display of robust financial health, leading private equity giant KKR & Co (NYSE: KKR) has announced a remarkable 49% year-on-year increase in its second-quarter adjusted net income, propelled by higher management, transaction, and performance fees alongside significant earnings from its annuities business. Stellar Financial Performance KKR’s adjusted net income surged to $972 million from $653 million in the previous year, translating to an adjusted net income per share of $1.09, slightly surpassing the average analyst estimate of $1.07,…

Uber and BYD Announce Partnership to Bring 100,000 Electric Vehicles to Ride-Hailing Platform Globally As the world’s best investment manager and financial market’s journalist, I am thrilled to share the news of a groundbreaking partnership between Uber Technologies and Chinese automaker BYD. This multi-year collaboration aims to introduce 100,000 new electric vehicles to the ride-hailing platform, starting in Europe and Latin America. In a move to tackle the barriers of high sticker prices and borrowing costs that have hindered the adoption of electric vehicles, Uber and BYD will provide drivers with accessible pricing and financing options. This initiative will expand…

Venezuela’s Opposition Struggles for Power Amid Election Dispute By Vivian Sequera and Mayela Armas The Venezuelan opposition is facing significant obstacles in its quest for power following Sunday’s disputed presidential election. Despite claiming victory, opposition leaders are fighting to prove that their candidate, Edmundo Gonzalez, received more votes than incumbent President Nicolas Maduro. Maduro has declared himself the winner and labeled the protests against him as a coup attempt. The electoral council, which the opposition accuses of being biased towards Maduro, has supported his victory without releasing a detailed vote breakdown. With limited options available, the opposition is pushing for…