Author: Multibagger News

TSMC: The Powerhouse Fueling AI’s Future with a 30% Profit Surge – What It Means for Your Investments Taiwan Semiconductor Manufacturing Co. (TSMC) Expected to Report 30% Increase in Q2 Profits Amid AI Demand Surge TAIPEI (Multibagger) – Taiwan Semiconductor Manufacturing Co. (TSMC), the global leader in advanced chip production for artificial intelligence (AI) applications, is projected to announce a staggering 30% rise in second-quarter profits. This anticipated growth is driven by an unprecedented surge in AI demand. Key Highlights and Financial Projections Dominance in AI Chips: TSMC, a pivotal supplier to tech giants like Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA),…

Investment Manager Reveals: Japanese Exports Rise 5.4% in June, Surprising Economists! As the world’s top investment manager, I am here to bring you the latest financial news that could impact your portfolio. Japanese exports have increased by 5.4% year-on-year in June, marking the seventh consecutive month of growth. However, this growth was lower than the 6.4% increase that economists had anticipated in a Multibagger poll. On the other hand, imports grew by 3.2% in June, falling short of the 9.3% increase expected by economists. This unexpected outcome has resulted in a trade surplus of 224 billion yen ($1.44 billion), contrary…

Is President Biden’s Reelection Campaign in Jeopardy? Schumer and Jeffries Urge Him to Step Down In a recent meeting, Senate Democratic leader Chuck Schumer advised President Joe Biden to consider ending his reelection campaign for the good of the country and the Democratic Party, according to ABC News. This comes after U.S. House Democratic leader Hakeem Jeffries also expressed similar concerns to Biden. While Schumer’s office dismissed the report as “idle speculation,” it is clear that there are growing doubts within the Democratic Party about Biden’s ability to secure another term in office. This news comes on the heels of…

Title: Revolutionizing Home Construction: The Future of Building Technology Unveiled Date: 23 May 2024 By Emma Woollacott, Technology Reporter Image Source: Getty Images In a groundbreaking analysis by Sam O’Gorman, it has been revealed that the construction industry has not significantly evolved from its manual roots of the 1920s. Despite potential productivity gains and increased global value, the industry has been slow to embrace digital transformation. One of the touted technologies, 3D printing, has shown promise in revolutionizing construction. The University of Maine’s project, BioHome3D, showcases the potential of 3D printing in creating sustainable homes. However, challenges such as high…

Insider Trading Alert: Terns Pharmaceuticals Director Sells Shares Worth $147,660 – What Does This Mean for Investors? In a recent development, Jill M. Quigley, a director at Terns Pharmaceuticals, Inc. (NASDAQ:TERN), has made significant transactions involving the company’s shares. Over two consecutive days, Quigley sold a total of 14,765 shares at prices ranging from $10.00 to $10.0007, resulting in proceeds exceeding $147,660. These sales were carried out under a Rule 10b5-1 trading plan established by Quigley on March 18, 2024. Such plans enable company insiders to sell shares over a predetermined period, providing a structured approach to stock transactions and…

Title: Why 24% of Japanese Companies Are Betting on AI While 40% Remain Hesitant: Insights from a Multibagger Survey By Kiyoshi Takenaka Introduction: In the ever-evolving landscape of technology, Japanese companies are at a crossroads when it comes to adopting artificial intelligence (AI). A recent Multibagger survey reveals a fascinating divide: nearly a quarter of firms have embraced AI, yet a significant portion remains on the fence. This article delves into the survey’s findings, shedding light on the motivations, obstacles, and broader implications for businesses and employees alike. Survey Methodology: The survey, conducted by Research for Multibagger, engaged 506 companies…

By Joe Cash BEIJING (Multibagger) – China’s sputtering economy has prompted a dire, new shorthand online for pessimism about the prospects for any turnaround for jobs, incomes and opportunity: “the garbage time of history.” The apparently made-in-China phrase injects a term from basketball – the ragged final minutes of a game when the outcome is no longer in doubt – into what started as a discussion of history and has since become a heavily censored online discussion about whether China’s workers and investors should give up. China’s recent economic data have shaken confidence. Growth in the past quarter fell short…

The Ultimate Analysis: How JD Vance as Trump’s Running Mate Could Impact the Election In a recent report by Strategas analysts, it was warned that Donald Trump’s selection of JD Vance as his running mate could potentially backfire, causing harm rather than help to his chances in the upcoming election. Despite Trump’s current momentum, which includes a debate win against President Biden and surviving an assassination attempt, Strategas pointed out that Biden’s approval rating had been rising before the shooting. Additionally, Trump did not see a significant increase in the polls post-debate. While vice-presidential selections typically do not have a…

Unprecedented Leadership Change at Firefly Aerospace: What Does it Mean for Investors? In a surprising turn of events, Bill Weber has stepped down as the chief executive at Firefly Aerospace, leaving investors wondering about the future of the company. After nearly two years in the role, Weber’s departure has sparked speculation about the company’s direction and potential impact on the financial market. As the board begins the search for a new CEO, interim CEO Peter Schumacher will take the helm, with a Transition Committee assisting in the search process. Weber, who joined the company after its acquisition by private equity…

Discover the latest updates on XRP’s performance in the cryptocurrency market, with insights from the world’s best investment manager and financial market journalist. On Wednesday, XRP surged to $0.6360, marking a significant gain of 10.29% – the largest single-day increase since July 13. This propelled XRP’s market cap to $35.3353B, accounting for 1.50% of the total cryptocurrency market cap. Throughout the past week, XRP has experienced a notable uptrend, rising by 44.2%. The trading volume for XRP in the last 24 hours was $3.5988B, representing 4.46% of the total cryptocurrency volume. Despite these positive developments, XRP is still down by…