Author: Multibagger News

Aadi Bioscience Inc (NASDAQ:AADI) Faces Challenges with Halted Clinical Trial and Workforce Reduction – Analysts Express Caution Aadi Bioscience Inc (NASDAQ:AADI) recently received a reiterated Neutral rating from H.C. Wainwright after the company decided to discontinue a key clinical trial and significantly reduce its research and development staff. The halted trial, PRECISION1 Phase 2, which evaluated nab-sirolimus for patients with solid tumors with TSC1 or TSC2 inactivating alterations, was deemed unlikely to meet the efficacy threshold necessary for accelerated approval. The discontinuation of the trial and the subsequent 80% reduction in Aadi’s R&D workforce are aimed at extending the company’s…

Macy’s Shares Plummet 8.5% Amid Lowered Sales Guidance: What This Means for Investors Shares in Macy’s (NYSE: M) took a significant 8.5% hit in premarket trading on Wednesday, as the retail giant adjusted its sales projections for fiscal 2025, falling short of consensus estimates. Q2 Fiscal 2025 Performance Highlights Earnings Per Share (EPS): Macy’s reported an EPS of $0.53, outperforming the consensus estimate of $0.30 by a considerable margin. Revenue: The company posted revenues of $5.1 billion for the quarter, slightly above the anticipated $5.06 billion. Comparable Sales: On an owned basis, comparable sales declined by 4%, while owned plus…

Influencers vs. Journalists at Democratic National Convention: The Battle for Access and Influence As the Democratic Party looks to boost Kamala Harris’ U.S. presidential hopes, social media influencers are taking center stage at the national convention in Chicago. With more than 200 “content creators” credentialed for the event, the power of YouTube, TikTok, and Instagram is on full display. The rise of social media platforms has transformed the media landscape, with a majority of Americans now turning to platforms like YouTube, Facebook, Instagram, and TikTok for news and information. Unlike traditional journalists, influencers at the convention have direct access to…

DUBAI (Multibagger) – In a groundbreaking move, the world’s largest stablecoin, Tether, has revealed plans to launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham. This strategic decision comes as Tether aims to cater to the growing demand for the Gulf currency and provide investors with an alternative to the U.S. dollar. The announcement of this stablecoin was made in partnership with the Abu Dhabi-listed cryptomining and blockchain conglomerate, Phoenix Group, at an event in Dubai. Although a specific launch date was not disclosed, Tether’s CEO Paolo Ardoino mentioned that obtaining licensing from the Central Bank of…

Texas Instruments (TXN) Receives Buy Rating from UBS with $250 Price Target: Analysts Bullish on Analog Segment Recovery UBS reaffirmed its Buy rating on Texas Instruments (NASDAQ: TXN) stock, setting a price target of $250.00. The firm’s positive stance follows Texas Instruments’ capital management discussion, highlighting the company’s flexibility in capital expenditures for 2026 and beyond. Analysts praised Texas Instruments’ strategy, particularly its potential to regain pre-COVID market share in the analog segment, which could lead to significant growth. According to UBS, every 1% of market share regained could add approximately 5-6 percentage points of unique growth from the current…

Analog Devices Beats Q3 Earnings Estimates: What This Means for Investors Analog Devices Q3 Earnings: Surpassing Expectations and What Lies Ahead Analog Devices Inc. (NASDAQ: ADI) has reported its third-quarter earnings for 2024, showcasing an impressive performance that exceeded Wall Street expectations. Here’s a detailed look into the financials and guidance, and what it means for investors. Key Financial Highlights Earnings Per Share (EPS): Analog Devices reported Q3 EPS of $1.58, beating the analyst estimate of $1.51 by $0.07. Revenue: The company achieved a revenue of $2.31 billion for the quarter, surpassing the consensus estimate of $2.27 billion. Forward Guidance…

Breaking News: U.S. Markets Pause After 8-Day Rally, Focus Turns to Jobs Data and Fed Rate Cuts Are you ready for the latest on the U.S. and global markets? Samuel Indyk takes us through the recent developments. The benchmark U.S. index saw a slight dip of 0.2% after eight consecutive days of gains. Futures are uncertain about Wednesday’s direction. As we await the U.S. jobs data, attention is on benchmark revisions to non-farm payrolls. Could this reveal a weaker labor market than previously expected? Global equities were rocked in July by a weak jobs report, leading to fears of a…

Minnesota Governor Tim Walz Accepts Democratic Nomination for Vice President Minnesota Governor Tim Walz officially accepted the Democratic nomination for vice president on Wednesday, setting the stage for a showdown with Republican former President Donald Trump in the upcoming 2024 U.S. election. With just 11 weeks left until the election, Walz, a military veteran and former teacher, will join presidential running mate Kamala Harris in their bid for the White House. Walz’s candidacy is centered around his upbringing on a farm in Nebraska, his family values, and the freedoms that Democrats believe are at risk under the Trump administration. Described…

Title: Skyfire Systems Revolutionizing AI Payments Network with Blockchain Technology There’s a lot of buzz around AI agents nowadays, but the biggest barrier remains payments. Skyfire Systems is on a mission to change that by creating a payment network specifically designed for AI agents to conduct autonomous transactions. With safeguards in place to prevent overspending, Skyfire ensures a secure and controlled environment for AI agents to make payments. Each AI agent is assigned a digital wallet with a unique identifier, allowing businesses to deposit a set amount of funds for the agent to spend. Customers can also set spending limits…

XPeng (NYSE: XPEV) Price Target Lowered by BofA Securities to $10 BofA Securities has adjusted its outlook on XPeng (NYSE: XPEV), lowering the price target to $10 from $11 while maintaining a Buy rating on the stock. This adjustment comes after XPeng’s second-quarter financial results announcement on August 20, revealing impressive growth figures. XPeng reported a 60% year-over-year revenue increase, totaling 8.1 billion yuan, and a 24% rise from the previous quarter. The gross profit margin (GPM) also saw a significant improvement, reaching 14%, surpassing expectations of 12.8%. The company’s vehicle margin stood at 6.4%, a 15 percentage point increase…