Author: Multibagger News

Title: Federal Reserve Chair Powell to Provide Clarity on U.S. Interest Rates at Jackson Hole Symposium – Market Update Investing.com — As the world awaits Federal Reserve Chair Jerome Powell’s keynote address at the annual Jackson Hole retreat, the future trajectory of U.S. interest rates hangs in the balance. This week will also see the Democratic National Convention kick off, global PMI data shedding light on economic strength, and energy markets remaining volatile amidst geopolitical tensions. 1. Jackson Hole Update: Federal Reserve Chair Jerome Powell is set to deliver a pivotal speech at the Jackson Hole economic symposium on Friday,…

Canada Labor Dispute Unlikely to Impact Oil Exports to US: Expert Analysis By Arathy Somasekhar, World’s Best Investment Manager and Financial Market Journalist A potential labor dispute at Canada’s major railroads, Canadian National Railway and Canadian Pacific Kansas City, could cost the nation’s economy billions of dollars, but experts believe that oil exports to the United States will remain largely unaffected due to excess pipeline capacity. According to U.S. Energy Information Administration data, U.S. rail imports of Canadian crude have significantly decreased in recent years, with most imports coming through pipelines. This means that any potential disruptions in rail transportation…

AMD’s $4.9 Billion Acquisition of ZT Systems: A Game-Changer for AI Infrastructure AMD Acquires ZT Systems for $4.9 Billion to Revolutionize AI Data Centers by 2027 AMD (NASDAQ: AMD) has made a monumental move by announcing its agreement to acquire ZT Systems, a leading provider of AI infrastructure, in a combined cash and stock transaction valued at $4.9 billion. This strategic acquisition is designed to enhance AMD’s capabilities in data center AI systems, tapping into the burgeoning $400 billion data center AI accelerator market projected by 2027. Strengthening AI Capabilities with ZT Systems ZT Systems, headquartered in Secaucus, New Jersey,…

Former U.S. Representative George Santos, who was expelled from Congress last year, is expected to plead guilty to criminal corruption charges on Monday, a person familiar with the matter said. Santos, a Republican, faces federal charges of laundering campaign funds to pay for his personal expenses, charging donors’ credit cards without their consent, and receiving unemployment benefits while he was employed, among other counts. He has been in plea talks with prosecutors since December and is expected to plead guilty to multiple counts when he appears in federal court in Long Island, New York, the source said on condition of…

By Jorge Garcia and Ted Hesson LOS ANGELES (Multibagger) – Miguel Aleman, a 39-year-old who was brought to the United States from Mexico at age 4, is among hundreds of thousands of immigrants hoping to find a path to citizenship through a new Biden administration program set to launch on Monday. The program is one of the biggest moves by Democratic President Joe Biden to provide legal status to long-term U.S. residents who entered illegally. It comes months before the Nov. 5 election, where Republicans have made illegal immigration a central focus. Without the program, Aleman, who has two young…

Neurocrine Biosciences (NBIX) Receives Price Target Update from Jefferies Analysts, Anticipates Positive Results for NBI-568 Study Jefferies recently raised its price target for Neurocrine Biosciences (NASDAQ: NBIX) to $189.00 from $177.00, maintaining a Buy rating. This adjustment comes ahead of the company’s Phase 2 study results for NBI-568, a potential treatment for Schizophrenia. The analyst at Jefferies is optimistic about the study’s outcome, expecting NBI-568 to show efficacy comparable to existing treatments with a significant reduction in PANSS scores. The drug’s high selectivity for the M4 receptor, favorable properties, and effective brain exposure contribute to this confidence. Jefferies’ financial forecast…

Top Copper Stocks Analysis: Potential Price Floor at $4.00/lb, Outlook for Equities Remain Positive Copper stocks have been facing pressure lately due to a 16% pullback in prices from their record highs in May. However, RBC Capital Markets analysts suggest that copper may have found a floor around $4.00 per pound. Despite global economic concerns, especially in China, supply constraints remain tight and any uptick in demand could drive prices higher. RBC notes mixed signals in the copper market, with positive indicators such as the rising China import premium and decreased Shanghai copper inventories, while LME inventories have surged. Analysts…

# Federal Reserve Rate Cuts: Morgan Stanley’s Insight on September’s Potential Shift Morgan Stanley Reaffirms Expectation for 25 Basis Point Rate Cut by the Federal Reserve in September Amid Market Speculation In a recent analysis, Morgan Stanley reiterated its forecast that the Federal Reserve will implement a 25 basis point (bp) rate cut during the September meeting. This comes as market sentiment is buoyed by stronger-than-expected economic data over the past two weeks, which has led to a 25% chance being priced in for a more aggressive 50bp rate cut. ## Jackson Hole Symposium: A Crucial Prelude The upcoming Jackson…

Antony Blinken Urges Israel, Hamas to Seize Last Chance for Gaza Ceasefire and Hostage Release Deal In a crucial moment for the Middle East, U.S. Secretary of State Antony Blinken has warned that the latest push for a Gaza ceasefire and hostage release deal may be the best and final opportunity for peace. Talks between Israel and Hamas are set to resume this week based on a U.S. “bridging proposal”, with Blinken emphasizing the importance of reaching a lasting agreement. Months of negotiations have revolved around key issues such as the fate of Hamas as a military and political entity,…

Breaking News: Citi Analysts Provide Neutral Rating for OneStream Inc. (NASDAQ: OS) with $34.00 Price Target In a recent development, Citi has initiated coverage of OneStream Inc. (NASDAQ: OS) with a neutral rating and a price target of $34.00. The firm recognizes OneStream as a major player in the CFO’s office platform space, emphasizing its strong foundation in financial consolidation and expanding role in artificial intelligence. OneStream operates within the $7 billion Enterprise Performance Management (EPM) market, leveraging its data capabilities to capture various use cases and achieving an impressive Net Revenue Retention (NRR) rate of 118%. However, Citi’s stance…