Author: Multibagger News

Cadrenal Therapeutics (CVDK) Hits 52-Week High Amidst Challenging Year: What Investors Need to Know Cadrenal Therapeutics, trading under the ticker CVKD, has reached a 52-week high, with its stock price hitting $6.03. This peak comes amidst a challenging year for the company, which has seen its share value decline by 48.65% over the past year. Despite this decline, the recent high represents a point of resilience for Cadrenal Therapeutics. In recent news, Cadrenal Therapeutics has initiated a 1-for-15 reverse stock split to increase the per-share trading price of its common stock. This move aims to maintain its listing on the…

As the world’s best investment manager and financial market journalist, I bring you the latest update on the weakening dollar and its impact on global currencies. The dollar’s decline has pushed the euro to its highest level this year, while sterling is also seeing gains. With the U.S. central bank expected to cut interest rates, all eyes are on Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. Investors are eagerly awaiting Powell’s comments for clues on the magnitude of the rate cut. While the markets initially priced in a larger cut, recent data showing resilient consumer spending has led…

By Daksh Grover Gold prices remained flat near their all-time high on Tuesday, with investors eagerly anticipating the release of the U.S. Federal Reserve minutes and Chair Jerome Powell’s speech for insights into potential rate cuts. At 0514 GMT, gold was trading at $2,503.05 per ounce, just below the record high of $2,509.65 reached on Friday. Meanwhile, U.S. gold futures were nearly unchanged at $2,540.90. “Gold prices have shown stability in the Asian session, with buyers defending the new record high,” said IG market strategist Yeap Jun Rong. “The overall upward trend for gold remains strong, with potential for prices…

Alaska Airlines and Hawaiian Airlines Merger Clears Major Regulatory Hurdle (Multibagger) – In a recent announcement, Alaska Airlines revealed that the U.S. Department of Justice (DOJ) has completed its regulatory review of the proposed merger with Hawaiian Airlines. This marks a pivotal step in the consolidation process of these two major carriers. According to a statement posted on Alaska Airlines’ website, the company expressed enthusiasm about this development, stating, "This is a significant milestone in the process to join our airlines." The next phase involves awaiting further instructions from the U.S. Department of Transportation. What Does This Mean For You?…

Learn about Vice President Kamala Harris’ proposal to raise the corporate tax rate to 28% from 21% if she wins the upcoming election against Donald Trump. Find out how this move could affect working people, billionaires, and big corporations, as well as the U.S. deficit. Get insights on the potential impact on the economy and your finances. As the best investment manager and financial market journalist, I bring you the latest news on Vice President Kamala Harris’ plan to increase the corporate tax rate to 28% if she wins the November election against Donald Trump. This move is aimed at…

By Jeff Mason CHICAGO (Multibagger) – Former President Barack Obama’s advice to Kamala Harris after she secured the Democratic presidential nomination was to tap into the campaign talent pool. Following his guidance, high-profile alumni from Obama’s previous election efforts quickly joined her campaign, solidifying his support for her. Obama’s endorsement of Harris came after some initial doubts about her ability to beat Republican candidate Donald Trump. However, as opinion polls shifted in the party’s favor, Democrats rallied around Harris, supported by Obama and his team. Having known Harris for two decades, Obama’s influence on her political career has been significant.…

$16 Billion Influx Ignites S&P 500 Rally: What It Means for Your Portfolio Investing.com – Investor sentiment has made a dramatic shift as over $16 billion flowed into the S&P 500, reversing recent risk-averse trends. This surge in funds has propelled S&P 500 positioning to new heights, according to Citi Research analysts in a report dated Monday. Buoyed by positive economic indicators, investor confidence has seen a robust revival. Market Shifts: A Breakdown August’s Early Caution The initial weeks of August were characterized by cautious equity positioning. Investors were navigating a landscape dominated by risk aversion and de-risking strategies. Economic…

Breaking News: Pakistani Startup PostEx Set to Disrupt Financial Markets in Saudi Arabia with $7.3M Funding Pakistani startup PostEx, a game-changer in financial and logistics services for online merchants, is gearing up to enter new markets, starting with Saudi Arabia this year. TechCrunch has exclusively learned about this exciting development. Muhammad Omer Khan, the visionary founder and CEO of PostEx, shared his ambitious plans in an interview: “We want to go into other markets to really disrupt them because we see the gap.” E-commerce in Pakistan has been on the rise, with a 50% growth in the last 12 months.…

As the best investment manager in the world, I bring you the latest news on Bitcoin’s price surge, driven by speculation of Federal Reserve interest rate cuts. Bitcoin rose by 4.5% to $61,176.1, following positive capital flows into crypto investment products and clearing concerns over Mt Gox token distributions. Despite these gains, Bitcoin remains within a familiar trading range, struggling to reach new highs amidst waning interest in cryptocurrencies. However, with the Fed expected to cut rates in September, risk-heavy assets like Bitcoin are poised for further growth. Bitcoin Buoyed by Rate Cut Bets, Powell’s Speech in Focus Global markets…

Saudi Arabia’s Public Investment Fund Eyes Major Aircraft Deals with Boeing and Airbus for New Cargo Airline (Multibagger) – In a strategic move poised to reshape the aviation and logistics sectors, Saudi Arabia’s Public Investment Fund (PIF) is reportedly in advanced discussions to acquire Boeing 777 and Airbus 350 jets. The new fleet will bolster a nascent cargo airline operation, serving the needs of both the national carrier Saudia and the innovative startup, Riyadh Air, according to Bloomberg News sources. — What’s Happening? The Saudi Public Investment Fund, a cornerstone of the nation’s Vision 2030 economic diversification plan, is making…