Author: Multibagger News

Ark Labs Secures $2.5M Pre-Seed Funding Led by Billionaire Investor Tim Draper: Accelerating Bitcoin’s Transaction Speed and Reducing Costs By Niket Nishant In a significant development for the cryptocurrency ecosystem, Ark Labs, a three-month-old startup focused on expediting Bitcoin transactions and cutting costs, has successfully raised $2.5 million in a pre-seed funding round. This funding round was led by none other than billionaire investor Tim Draper. Key Investors Involved The funding round also saw participation from prominent entities including Draper Associates, Fulgur Ventures, Axiom Capital, and angel investor Stephen Cole, showcasing a diverse range of backers committed to the cryptocurrency…

Celebrating Deng Xiaoping’s 120th Birthday: Chinese Economists Call for Bold Reforms Amid Censorship On the 120th birthday of Deng Xiaoping, Chinese economists are pushing for more aggressive reforms, despite increased censorship of critical comments on economic policy. Deng’s reforms in 1978 paved the way for China’s rapid economic growth, but some experts feel that current reforms are insufficient to boost confidence in the private sector and revive the economy. A recent article by prominent economist Zhang Weiying, praising Deng’s market-oriented approach, was censored by Chinese authorities. However, other economists have used the occasion to advocate for further reforms and reflect…

As the world’s top investment manager and financial market journalist, I am excited to announce the latest groundbreaking development in blockchain technology. Tanssi Foundation has partnered with Symbiotic to expand the Tanssi blockchain infrastructure protocol, allowing developers to launch decentralized networks—referred to as Actively Validated Services (AVSs)—in just minutes. While Ethereum’s rollups have been instrumental in scaling the network, they may not always meet the requirements for strong decentralization, customization, or interoperability. This is where decentralized networks, or AVSs, come in, offering a more flexible and versatile approach. By leveraging Ethereum’s security through restaking, developers can now access over $45…

Agilent Technologies Inc. (NYSE:) Shows Growth Potential Despite Market Challenges KeyBanc maintains Sector Weight rating on Agilent Technologies Inc. (NYSE:) following their fiscal third-quarter earnings report. Agilent exceeded expectations with a top and bottom line beat, showcasing a “steady” improvement in market conditions. While the CrossLab group performed well with 5% core growth, the Life Sciences and Applied Markets segment saw a 7% decline, mainly due to weakness in the Chinese market. Agilent aims to return to growth in fiscal year 2025 and achieve long-term growth goals. Financial firms like TD Cowen, BofA Securities, Evercore ISI, and Citi have adjusted…

Unlocking the Potential: Gold ETF Flows Set to Drive Prices to $3,000 by 2025 As the world’s leading investment manager, I am here to reveal a groundbreaking insight from Citi that will revolutionize the gold market. According to Citi analysts, the shift in gold ETF flows will be a critical driver for higher gold prices into 2025. After a period of de-stocking, Citi predicts a significant turnaround in the physically backed gold ETF market, historically a key player in driving gold bull markets. Their analysis indicates that the multi-year cycle of gold ETF outflows has likely come to an end,…

Breaking News: Shanghai Futures Exchange’s New Lead Specifications Shake Global Markets By Julian Luk LONDON (Multibagger) – In a major shake-up for the battery metals market, sellers of lead on the Shanghai Futures Exchange (ShFE) are scrambling to source overseas supplies or roll forward contracts due to a recent change in specifications. This information comes from four sources closely familiar with the situation who chose to remain anonymous. ShFE has not provided any comments on this development. Understanding the Market Shift Although the global lead market remains well-supplied, Shanghai’s lead stocks have notably tightened. This is a consequence of the…

Breaking News: PricewaterhouseCoopers Facing Tough Penalties in China In a shocking turn of events, Chinese regulators are set to impose a six-month business suspension on a significant portion of PricewaterhouseCoopers’ auditing unit in mainland China. This penalty is a result of their work with troubled property developer Evergrande, according to sources familiar with the matter. PwC Zhong Tian LLP, the main onshore arm of PwC in China, is expected to face a ban on its securities-related business, impacting its work with listed companies, IPO-bound companies, and investment funds in mainland China. Along with the suspension, a hefty fine of at…

Breaking News: Israeli-Canadian Racing Car Driver Arrested in St Petersburg for Alleged Fraudulent Stock Trading Scheme In a shocking turn of events, St Petersburg police have detained Joshua Cartu, an Israeli-Canadian racing car driver, wanted by the United States for his involvement in a large-scale fraud related to an illegal online stock trading scheme. Cartu, along with his brothers David and Jonathan, and several others, is accused of operating a fraudulent binary options trading scheme that defrauded investors of millions of dollars between 2013 and 2018. Cartu was apprehended at Pulkovo airport on Aug. 19 and is currently facing charges…

Breaking News: Asensus Surgical Acquired by KARL STORZ Group – What Does This Mean for Investors? In a groundbreaking move, Asensus Surgical, Inc. (NYSE American: ASXC), a leader in digital solutions for the operating room, has been acquired by KARL STORZ Group, a major player in endoscopy and medical imaging. The merger, recently approved by Asensus Surgical stockholders, saw KARL STORZ Endoscopy-America, Inc. purchase all outstanding shares of Asensus Surgical at $0.35 per share in cash. With this acquisition, Asensus Surgical now operates as a subsidiary of KARL STORZ, no longer trading on the NYSE American Exchange. Anthony Fernando, President…

Peloton’s Triumph: First Sales Surge in Nine Quarters Ignites Market Rally By Kannaki Deka — Peloton Interactive (NASDAQ: PTON) Breaks Nine-Quarter Sales Slump, Shares Skyrocket 15% – What This Means for Investors In a striking turnaround, Peloton Interactive has reported its first sales increase in nine quarters, signaling a successful pivot in its business strategy. This unexpected growth has driven a 15% surge in premarket trading Thursday, showcasing renewed investor confidence in the fitness equipment maker. Key Financial Highlights Sales Growth: Peloton saw a 0.2% rise in sales for Q4, the first year-on-year increase since Q2 of fiscal 2022. This…