Author: Multibagger News

— Title: Canada’s Rail Lockout of 10,000 Workers: A Looming Crisis for North American Trade and Agriculture Author: David Ljunggren — Canada’s Freight Rail Lockout: A Major Disruption in North American Supply Chains Overview Canada’s two principal freight rail companies, Canadian National Railway (TSX: CNR) and Canadian Pacific Kansas City (NYSE: CP), are poised to lock out approximately 10,000 unionized workers starting Thursday at 12:01 a.m. ET (4:01 GMT). This unprecedented simultaneous work stoppage is expected to bring nearly all freight rail movement in Canada to a standstill, causing significant disruptions across North America. How Integrated Are North American Rail…

Egypt’s Foreign Debt Plummets by $7.4 Billion in Q1 2024, Boosted by Land Sale to UAE In a significant financial development, Egypt’s foreign debt has decreased by $7.4 billion in the first quarter of 2024, as per the latest data from the central bank. This positive trend comes on the heels of the country’s sale of development rights to prime Mediterranean land at Ras El-Hekma to the United Arab Emirates for a whopping $35 billion in late February. The total foreign debt now stands at $160.6 billion, down from $168.0 billion at the end of December and $164.5 billion at…

Unveiling the Top VCs for TechCrunch Disrupt 2024 Startup Battlefield The TechCrunch Disrupt 2024 Startup Battlefield is the ultimate showcase of innovation, where top investors evaluate the most promising startups. Get ready for the most intense pitches and revealing Q&A sessions as these VCs determine the next big thing in tech. Meet the first five VCs who will be judging the Startup Battlefield 2024: 1. Erin Harkless Moore, Managing Director, Pivotal Ventures 2. Eylul Kayin, Partner, Gradient Ventures 3. Victor Lazarte, General Partner, Benchmark 4. Ana Leyva, GTM, Pear VC 5. Corinne Riley, Partner, Greylock These investors bring a wealth…

ePlus Inc. Achieves Record High Stock Price of $93.58 Amidst Strong Growth Momentum In a stunning display of market confidence, ePlus Inc. has reached an all-time high stock price of $93.58, marking a remarkable 49.51% growth over the past year. This surge in value reflects the company’s robust business model and positive market sentiment, setting a new benchmark for its valuation. Additionally, ePlus has made significant strides in operational performance, expanding its services portfolio through strategic acquisitions. Despite a slight decline in net sales, ePlus saw positive trends in managed services and finance segments, leading to a 24.3% rise in…

Federal Reserve Signals Potential Rate Cuts Next Month: What Investors Need to Know In recent developments, the “vast majority” of Federal Reserve policymakers have indicated that cutting rates may be on the horizon if progress on inflation continues. The minutes from the Fed’s July meeting revealed that policymakers are considering easing policy at the next meeting, contingent on data aligning with expectations. Following the conclusion of the previous meeting on Jul. 31, the Federal Open Market Committee (FOMC) maintained its benchmark rate within a range of 5.25% to 5.5%. The central bank has been closely monitoring economic data since its…

Must-See Earnings Reports: Intuit, Ross Stores, Williams-Sonoma, Swiss Re, and BJ’s Wholesale Club Leading the Charge As earnings season continues to unfold, savvy investors are closely analyzing the financial results of key companies to navigate the market’s ebb and flow. This Thursday, several high-profile companies are set to release their earnings reports, providing critical insights that could influence trading strategies and investment decisions. Here’s a detailed preview of the companies to watch: Earnings Before the Open: Williams-Sonoma Inc (NYSE: WSM) Expected EPS: $1.61 Expected Revenue: $1.81 billion Swiss Re Ltd (OTC: SSREY) Expected EPS: $0.79 Expected Revenue: $11.23 billion Peloton…

Unleashing the Power of AI Video Translation: D-ID Revolutionizes the Industry In a groundbreaking move, D-ID, the cutting-edge AI video creation platform, has introduced a game-changing tool for translating videos into multiple languages. But here’s the twist – D-ID’s technology goes beyond conventional translation by cloning the speaker’s voice and syncing their lip movements to match the translated words seamlessly. This innovative technology builds upon D-ID’s previous success in animating family photos and bringing them to life with speaking capabilities. Riding on the wave of this viral trend, D-ID recently secured a whopping $25 million in Series B funding, signaling…

Roth/MKM Boosts fuboTV (NYSE:FUBO) Price Target to $2.00 Amid Competitive Landscape Challenges Roth/MKM has adjusted their outlook on fuboTV (NYSE:FUBO), raising the price target to $2.00 from $1.75 while maintaining a Neutral rating. The increase comes after fuboTV successfully obtained a preliminary injunction against the launch of a competing service named Venu, providing temporary relief from immediate competitive pressure. Despite this positive development, fuboTV still faces ongoing challenges such as the competitive landscape, high cash burn rate, reliance on price hikes, and reduced content offerings. The firm believes that fuboTV’s advertising business has yet to reach its full potential, with…

Walmart’s Strategic Pivot: Selling $3.74 Billion Stake in JD.com Amid Global Market Shifts By Siddharth Cavale NEW YORK (Multibagger) – Walmart’s $3.74 Billion Exit from JD.com: What This Means for Investors and Global Markets Walmart (NYSE:WMT), the world’s largest retailer, has made a significant strategic decision to divest its $3.74 billion stake in Chinese e-commerce giant JD.com (NASDAQ:JD). This move marks a pivotal shift in Walmart’s approach to the Chinese market and highlights broader trends in global retail and supply chain management. Strategic Withdrawal from China Once a cornerstone of Walmart’s China strategy, the JD.com stake was acquired in 2016…

Investing.com – Federal Reserve Indicates Possible Rate Cut Next Month In a recent report, the “vast majority” of Federal Reserve policymakers have suggested that they may consider cutting rates next month if the current progress on inflation continues. This news comes after the Fed’s July meeting, where they decided to keep their benchmark rate steady at 5.25% to 5.5%. The central bank has been closely monitoring economic data, especially inflation figures, which have been showing signs of improvement. The most recent core consumption personal expenditure (CPE) data indicated a 2.6% inflation rate, a positive development compared to previous months. While…