Author: Multibagger News

Societe Generale Exits LME Ring-Dealing: What This Means for the Future of Open-Outcry Trading By Eric Onstad LONDON (Multibagger) – Societe Generale (OTC:) International is set to exit its position as a ring-dealing member of the London Metal Exchange (LME) effective August 27, the LME announced on Friday. This development leaves only seven members actively participating in the LME ring, raising questions about the long-term viability of open-outcry trading on the world’s oldest and largest market for industrial metals. The LME ring, a unique feature in Europe, is renowned for its circle of padded red leather seats, where traders use…

European Central Bank Set to Cut Interest Rates in September, Sources Say A growing number of European Central Bank policymakers are leaning towards another interest rate cut in September, with only major data surprises potentially causing a delay. Financial markets are already anticipating the move, but policymakers have been cautious in their approach following criticism for being too explicit before the first rate cut in June. Recent figures on growth, wages, and prices have been influencing their decision, with many now open to the idea of a rate cut next month. The easing of price pressures, lower than expected economic…

Breaking News: Delta Air Lines’ COO Departure – What It Means for Investors and Your Finances In a major development, Delta Air Lines’ Chief Operating Officer Mike Spanos is set to leave the airline, according to a report from The Wall Street Journal. This significant leadership change at one of the world’s leading airlines could have far-reaching implications for the company, its stock, and its stakeholders. Key Highlights: Leadership Change: Mike Spanos, who has been an integral part of Delta’s executive team, is stepping down as the COO. His departure marks a pivotal moment for the airline, which has navigated…

Singapore, Singapore, August 23rd, 2024, Chainwire Discover how MEET48 is disrupting the traditional virtual idol industry with cutting-edge technologies like AI, Web3, and a fan-driven economy. Learn how this innovative platform is reshaping the entertainment landscape and paving the way for a new era of virtual idol prosperity. Breaking Through Web3 Mass Adoption with Entertainment: MEET48’s Ambition in Fan Economy Explore the groundbreaking strategies MEET48 is using to achieve mass adoption of Web3 technology. With a focus on AI UGC content and a fan-driven economy, MEET48 is leading the charge in revolutionizing the entertainment industry. AI + UGC Creates a…

Workday (NASDAQ: WDAY) Receives Overweight Rating from Piper Sandler with New Price Target of $285 Piper Sandler has upgraded Workday (NASDAQ: WDAY) shares to an Overweight rating, setting a new price target of $285, up from the previous $262. This decision follows Workday’s second-quarter performance evaluation, where subscription revenue growth slowed to 17% year-over-year. Despite facing macroeconomic challenges, such as heightened deal scrutiny and a slowdown in headcount growth, analysts found positives in Workday’s performance, including successful full suite deals, partner engagement, international market expansion, and advancements in artificial intelligence. Workday’s management has also revised its medium-term financial targets, aiming…

Birkenstock Holdings Soars: Telsey Advisory Group Raises Price Target to $70 Amid Robust Financial Performance Investing.com — In a significant move, Telsey Advisory Group (TAG) has boosted its price target for Birkenstock Holding plc (NYSE:) from $63.00 to $70.00. This bullish outlook is driven by Birkenstock’s strong brand recognition, effective distribution channels, and sustained consumer demand, particularly during peak shopping periods like the back-to-school season. Despite facing a challenging macroeconomic environment characterized by inflation and cautious consumer spending, Birkenstock has demonstrated remarkable resilience. The company’s ability to overcome obstacles and maintain high consumer interest has significantly bolstered its financial performance.…

As the Top Investment Manager, Stay Ahead of the Game with Insider Forecast on Federal Reserve Interest Rate Cuts | SEO-Optimized Analysis Are you ready for the upcoming interest rate cut by the U.S. Federal Reserve in September? According to top brokerages like J.P. Morgan, Citigroup, UBS Global Wealth Management, and Wells Fargo, a 25 basis points cut is on the horizon. But some are even predicting a more aggressive 50 bps rate cut in the next Fed meeting. With Chair Jerome Powell’s speech at Jackson Hole on Friday, all eyes are on the central bank’s next move. The majority…

Discover How Moscow is Transforming into a Summer Paradise Amidst the Chaos of War in Ukraine As the world’s best investment manager, financial market’s journalist, and SEO mastermind, I bring you the inside scoop on how Moscow is creating a summer chill-out zone amidst the turmoil of Europe’s biggest land war since World War Two. Despite the ongoing conflict in eastern Ukraine, the Russian capital is bustling with life and activities to distract its residents from the harsh reality of war. From giant pots filled with trees and flowers lining the streets to open-air pop-up events like theatrical performances, Moscow…

TD Cowen Boosts CAVA Group Inc (NYSE:CAVA) Price Target to $115, Maintains Buy Rating TD Cowen has shown confidence in CAVA Group Inc (NYSE:CAVA) by increasing the stock price target to $115 from $95 while continuing to endorse a Buy rating for the stock. This adjustment follows the company’s strong performance in the second quarter, especially after the successful introduction of steak to their menu on June 3. The analyst is impressed by CAVA Group’s improved same-store sales (SSS) guidance for 2024, which has been raised cautiously, excluding the potential upside from the upcoming revamped loyalty program launching in October.…

Weibo Corp (WB) Q2 2024 Earnings: User Growth Amid Revenue Challenges – What Investors Need to Know Weibo Corporation (NASDAQ: WB), a leading social media platform in China, has released its financial results for the second quarter of 2024. Despite a challenging macroeconomic environment, Weibo’s Monthly Active Users (MAU) increased to 583 million, and Daily Active Users (DAU) climbed to 256 million. Financial Highlights: MAU and DAU Growth: Weibo’s MAU rose to 583 million, and DAU hit 256 million, indicating a successful user strategy focused on quality engagement. Revenue: Total revenue was $437.9 million, a slight 1% decrease year-over-year. Ad…