Author: Multibagger News

Breaking News: Massive Pro-Palestinian Protest Expected at Democratic National Convention As the Democratic National Convention kicks off, a one-mile march organized by March on the DNC is set to take place outside the convention arena. Tens of thousands of protesters are expected to gather to voice their opposition to the Biden administration’s position on Israel amid the ongoing conflict in Gaza. Organizers are in talks with authorities to extend the march route to accommodate all protesters. The coalition, made up of over 200 groups, includes advocates for various causes such as reproductive rights and racial justice. The protesters are demanding…

Polkadot Ecosystem Shows Steady Growth: Key Insights and Developments Revealed In a recent blog post, the team behind Polkadot, a major player in the crypto industry, shared exciting news about the ecosystem’s growth. With more people joining and developer activity on the rise, Polkadot is proving to be a strong contender in the market. Key highlights from the blog series include higher engagement in the network’s governance system, OpenGov, with over 1,100 unique voters participating in referenda. Developer activity remains robust, with nearly 30,000 repositories hosted on the network and weekly commits exceeding 5,500. The Polkadot Forum continues to be…

UBS Reaffirms Buy Rating on Woodward Inc. (WWD) Stock with $208 Price Target: Analysts Anticipate Challenges in China Truck and Core Industrial Markets UBS recently reiterated its Buy rating on Woodward Inc. (NASDAQ: WWD) with a consistent price target of $208.00. The firm’s analysis focused on ongoing discussions surrounding Woodward’s Industrial segment, particularly in relation to the China Truck versus Core Industrial markets. Despite downward adjustments to consensus estimates for Woodward’s Industrial revenue and EBIT, there is still uncertainty regarding the company’s future guidance, especially for fiscal year 2025 (FY25). UBS believes that the consensus revenue estimates for FY25 have…

Yen Surges, Euro Hits Year High Against Dollar Ahead of Fed Meeting Minutes and Powell’s Speech – Expert Analysis Revealed! In a surprising turn of events, the yen rose sharply on Monday while the euro reached its highest point of the year against the dollar. Traders are preparing for dovish signals from the upcoming Federal Reserve meeting minutes and Chair Jerome Powell’s speech at Jackson Hole. The main drivers for currency movements this week will be the Fed’s July meeting minutes and Powell’s speech, along with inflation data from Canada and Japan, and Purchasing Managers’ Index readings from various countries.…

Carl Icahn Resolves SEC Charges: A Deep Dive into the $2 Million Settlement and Its Ripple Effects on Investors By Douglas Gillison Introduction (Multibagger) – In a landmark resolution, billionaire investor Carl Icahn and his firm, Icahn Enterprises LP (IEP), have settled with the U.S. Securities and Exchange Commission (SEC) over allegations of failing to disclose the pledging of a significant portion of the firm’s securities for personal margin loans. The settlement, which entails a $2 million penalty, has profound implications for investors and the broader financial market. Background More than a year ago, short-seller Hindenburg Research leveled accusations against…

In the latest data released by Chile’s central bank, the country’s gross domestic product (GDP) declined by 0.6% in the second quarter of 2024 compared to the previous quarter, meeting market expectations. This drop is expected to pave the way for the central bank to implement further interest rate cuts by the end of the year, following a period of rate stability after eight consecutive cuts. The decrease in GDP was primarily driven by weaker performance in mining, services, and manufacturing sectors, with mining GDP specifically falling by 1.0% sequentially. This marks a significant slowdown from the 2.1% growth reported…

Unions in Mexico Launch Nationwide Strike Over Judicial Reform Plans Unions representing Mexico’s judicial workers have initiated an “indefinite” nationwide strike in response to proposed votes by lawmakers to revamp the country’s judicial branch, including the shift towards popular election of most judges. The unions have criticized the rushed nature of the reform and its potential threat to the balance of power in the face of the ruling Morena party’s control over the presidency and Congress. With around 55,000 workers in Mexico’s judiciary, the unions also expressed concerns over the elimination of merit-based career paths under the proposed constitutional reform.…

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Boeing Receives $2.56B Contract from USAF, Maintains Buy Rating – Analysis and Insights In a recent review, investment firm Jefferies reaffirmed Boeing’s Buy rating and $270.00 stock price target. This decision comes after Boeing secured a substantial contract from the United States Air Force (USAF) for two E-7A Wedgetail rapid prototype aircraft. Additionally, Boeing’s delivery numbers for July remained consistent with the previous year, showing steady progress in aircraft deliveries. Despite Moody’s cautious stance on Boeing’s credit rating, the firm’s analysis reveals a steady production pace for the aerospace company. Moody’s projections estimate that Boeing will reach a production rate…

Breaking News: TSMC Primed for Rapid Growth as AI Boom Continues In a recent report, Bernstein analysts have declared that Taiwan Semiconductor Manufacturing (TSMC), the leading chip manufacturer in the world and a key player in the current AI boom, is poised for rapid growth. According to the investment firm, TSMC is expected to see a 26% increase in revenue and a 29% rise in earnings per share (EPS) this year, with this momentum carrying on into 2025 and beyond. The surge in demand for data center AI and high-end smartphones utilizing TSMC’s advanced N3 and N4/5 nodes has been…