Author: Multibagger News

As the world’s leading investment manager and financial market journalist, I bring you the latest insights on the rise of Bitcoin price amidst growing market speculation and recession fears. The global markets are abuzz with anticipation of a September interest rate cut, driving risk appetite and impacting the cryptocurrency landscape. Mt Gox Token Distribution Impact Recent movements by Mt Gox, the defunct crypto exchange, have raised concerns over potential token distributions that could flood the market with $700 million worth of tokens. This follows an earlier $2 billion movement, sparking fears of increased selling pressure on Bitcoin and other cryptocurrencies.…

By Stephanie Kelly Minnesota Governor Tim Walz’s 17-year-old son stole the show at the Democratic National Convention by leaping to his feet in tears and clapping as his father accepted the party’s nomination for vice president. Gus’ emotional reaction instantly went viral on social media, capturing the hearts of viewers. As Walz spoke, Gus stood up, sobbing and pointing at the stage, exclaiming, “That’s my dad,” creating a powerful and enduring image from the speech. The Democratic nominee Kamala Harris’ campaign is leveraging Walz’s Midwestern appeal and his embodiment of modern masculinity to attract undecided and independent voters in the…

India’s Business Activity Continues Strong Growth Streak in August, Services Industry Leads the Way – Indradip Ghosh India’s economy remains on a solid growth path in August, with the services sector outperforming the manufacturing sector, according to a recent survey. This trend indicates that India is poised to maintain its position as the fastest-growing major economy in the coming quarters, despite global economic slowdown concerns. The latest data from HSBC’s flash India Composite Purchasing Managers’ Index, compiled by S&P Global, shows a slight dip to 60.5 in July from the previous month. However, this still reflects over three years of…

Taiwan’s Defense Spending to Soar 7.7% in 2025, Outpacing Economic Growth In a bold move to counter China’s increasing military and political pressure, Taiwan’s cabinet has announced a significant increase in defense spending for next year. The island nation plans to boost its defense budget by 7.7% to T$647 billion ($20.25 billion), exceeding the government’s expected economic growth rate. The increase in defense spending will allow Taiwan to acquire more fighter jets and ramp up missile production, strengthening its deterrence against Beijing’s threats. The ultimate goal is to reach a defense spending level of 3% of GDP, a target that…

Investing.com– Gold prices experienced a decline in Asian trade on Thursday after hitting record highs, with market focus shifting towards U.S. interest rate cuts and concerns about a potential recession. After reaching unprecedented levels earlier this week, the yellow metal saw a pullback due to profit-taking and a strengthening dollar. Gold prices dropped by 0.5% to $2,500.55 an ounce, while futures for December fell by 0.4% to $2,547.05 an ounce. Spot gold had reached a peak of $2,532.05 an ounce on Wednesday. Rate cut expectations persist amidst recession worries The surge in gold prices came as the minutes from the…

Find out how the majority of Fed policymakers are gearing up for interest rate cuts, signaling a global easing cycle on the horizon. This could have significant implications for your investments. Lower U.S. rates are paving the way for smaller markets to make moves. The Bank of Korea has hinted at a cut in October, while Bank Indonesia is planning cuts in the fourth quarter. Traders are already selling off the dollar, anticipating that U.S. short-term rates have the most room to fall. This has led to the dollar hitting one-year lows against sterling and the euro. With the possibility…

Unprecedented Rail Lockout in Canada: Economic Impact and What It Means for Your Finances By [Your Name], World’s Leading Investment Manager and Financial Journalist (Multibagger) – The Teamsters union announced on Thursday that Canada’s largest rail companies, Canadian National Railway (TSX:) and Canadian Pacific Kansas City (NYSE:), have locked out their Canadian workers. This unprecedented move could potentially wreak havoc on the economy, disrupting supply chains and affecting various sectors. The Lockout: What Happened? After failed labor negotiations, Canadian National Railway and Canadian Pacific Kansas City decided to lock out their Canadian workforce. This is an extraordinary measure and marks…

Morgan Stanley’s Investment Strategy: Overweight on Japan and India, Downgrade on China – What It Means for Your Portfolio In a recent announcement, Morgan Stanley has reiterated its optimistic stance on Japanese and Indian stock markets while further reducing its targets for China. The brokerage firm cites a plethora of economic indicators and market dynamics that are shaping its investment strategy for the Asian region. Japan: A Promising Upside Despite Minor Adjustments Morgan Stanley has expressed a strong preference for Japan over other emerging markets in Asia. Although the firm has slightly trimmed its year-end targets for Japanese indices, it…

Asian Shares Rise as Fed Signals Possible Interest Rate Cut; Dollar Hits One-Year Lows By Tom Westbrook As an expert investment manager and financial market journalist, I am here to break down the latest news that could impact your finances. The Federal Reserve minutes have revealed that a September interest rate cut is likely, causing U.S. stocks to rise, bonds to rally, and the dollar to fall to one-year lows against sterling and the euro. Asian shares have inched higher, with MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.2% and Hong Kong’s up 0.7%. The euro reached its…

Asian currencies faced pressure on Thursday as the dollar strengthened from seven-month lows, driven by bargain buying. Despite this, traders remained bearish on the greenback due to expectations of interest rate cuts. The Japanese yen, which had seen strong gains earlier in the week, softened slightly. However, positive purchasing managers index data provided some support for Japan. While broader Asian currencies had been performing well this week, the release of weak labor market data on Wednesday dampened risk sentiment. There were concerns about a potential U.S. recession, especially as the Federal Reserve signaled a possible interest rate cut in September.…