Author: Multibagger News

Thailand’s Political Turmoil: What Investors Need to Know In a recent interview with Multibagger, Pita Limjaroenrat, a prominent opposition figure in Thailand, emphasized the urgent need for judicial reform in the country to break free from the cycle of political interventions. Limjaroenrat’s Move Forward Party was dissolved last year, and he now faces a 10-year political ban. Despite these setbacks, he remains determined to lead Thailand towards major reforms and prevent the politicization of independent institutions. Thailand has been plagued by a series of coups and court rulings that have destabilized its political landscape for over two decades. This power…

Investing.com– As Asian currencies show strength on Tuesday, the dollar remains at a more-than seven-month low amidst expectations of a Federal Reserve interest rate cut in September. With Fed Chair Jerome Powell set to speak at the Jackson Hole Symposium on Friday, investors are eagerly awaiting more signals on the potential rate cut. The Japanese yen saw a strong rally on Monday, boosted by a weaker dollar, while the Chinese yuan weakened slightly after the People’s Bank of China kept its benchmark rate unchanged. Dollar steadies at 7-month low, Powell address looms The dollar and Treasury yields stabilized in Asian…

Bank of China Ditches PwC for EY Amid Regulatory Scrutiny: What It Means for Investors By Julie Zhu HONG KONG (Multibagger) – In a significant shake-up in the auditing world, PwC has lost its largest mainland China-listed client, Bank of China (BOC), to rival EY. This move is part of a broader exodus of clientele as PwC faces a rigorous regulatory investigation linked to its work with troubled property developer China Evergrande Group. State-owned Bank of China, which had previously announced plans to retain PwC as its auditor for 2024, revealed in a late Monday filing that it now plans…

Breaking News: Donald Trump to Hold Televised Town Hall with Sean Hannity as Kamala Harris Declines Fox News Debate Key Highlights: Donald Trump’s Announcement: Republican presidential nominee Donald Trump revealed via Truth Social that Democratic U.S. Vice President Kamala Harris has decided against participating in a Fox News debate originally considered for September 4th. Alternative Arrangement: Instead of the debate, Trump has committed to a televised town hall hosted by Sean Hannity on Fox News, which will take place in Pennsylvania. What This Means for You: Immediate Takeaways: Political Dynamics: This shift highlights the ongoing strategic maneuvers in the 2024…

Asian Markets Surge Amid U.S. Rate Cut Optimism; Chinese Stocks Lag Behind Key Insights: Asian Markets Rise: Major Asian indices gain momentum following Wall Street’s rally. Chinese Markets Disappoint: People’s Bank of China holds rates steady, dampening investor enthusiasm. Tech Stocks Shine: Leading the charge in both U.S. and Asian markets. Market Recap: Most Asian stocks experienced an uptick on Tuesday, mirroring an overnight rally on Wall Street. Investors are buoyant about the potential for lower U.S. interest rates ahead of Federal Reserve Chair Jerome Powell’s key address later this week. Japanese Stocks Lead the Way: Japan’s Nikkei index surged…

By Daksh Grover In the world of investing, gold is currently holding steady near its record high, with investors eagerly awaiting the release of the U.S. Federal Reserve minutes and Chair Jerome Powell’s upcoming speech. Gold prices edged 0.2% higher to $2,500.08 per ounce, just below the all-time high of $2,509.65 reached on Friday. Meanwhile, U.S. gold futures rose 0.1% to $2,537.70. According to IG market strategist Yeap Jun Rong, “Gold prices have been largely steady in the Asian session, seemingly catching a breather as buyers seek to defend its new record high.” Rong also noted that the broader upward…

Edgar Bronfman Jr. Bids $4.3 Billion for National Amusements Amid Paramount Global Merger Talks In a bold move that has the potential to reshape the media landscape, Edgar Bronfman Jr., a seasoned media executive and current chairman of FuboTV Inc (NYSE: FUBO), has submitted a $4.3 billion bid for Shari Redstone’s National Amusements and its stake in Paramount Global (NASDAQ: PARA), according to a report by the Wall Street Journal on Monday. The Competitive Landscape: Bronfman vs. Ellison This bid arrives just over a month after Shari Redstone inked a deal with David Ellison’s Skydance Global. The agreement aims to…

"Blockbuster Deal: Edgar Bronfman’s $4.3 Billion Bid for National Amusements and Paramount Stake" In a groundbreaking move set to reshape the entertainment landscape, mogul Edgar Bronfman has placed an astounding $4.3 billion offer for a significant stake in National Amusements and its subsidiary, Paramount. This audacious bid, first reported by the Wall Street Journal, underscores Bronfman’s strategic vision and deep pockets, signaling a transformative shift in the media and entertainment industry. What’s Happening? Edgar Bronfman, renowned for his sharp investment acumen and substantial influence in the business world, has submitted a $4.3 billion proposal to acquire a considerable share of…

Breaking News: South Korean and U.S. Fighter Jets Engage in Largest Training Exercise Amid Rising Tensions with North Korea In a show of strength and readiness, over 200 South Korean and U.S. fighter jets are set to soar through the skies for an intense five-day training exercise. This marks the largest number of sorties ever flown by the allies, aimed at enhancing their joint military capabilities against potential threats from North Korea. The annual Ulchi Freedom Shield drills are in full swing, with aircraft engaging in defensive patrol flights and simulated air combat scenarios. U.S. fighter wings based in South…

Title: Insider Trading Alert: Alphabet Inc. Director Sells $115,500 Worth of Stock – Latest Market Insights Alphabet Inc. (NASDAQ:GOOGL) director John L. Hennessy recently sold 700 shares of Class A Common Stock for a total value of $115,500, according to a filing with the SEC. This transaction, which occurred on August 16, 2024, was part of a Rule 10b5-1 Trading Plan established by Hennessy and his trust in November 2023. After the sale, Hennessy’s direct holdings in Alphabet decreased to 29,324 shares, with additional indirect ownership of Class C Capital Stock and Google Stock Units. Insider sales like this can…