Author: Multibagger News

U.S. Back-to-School Spending Trends 2024: What Investors Need to Know U.S. Back-to-School Spending Trends 2024: What Investors Need to Know By Anuja Bharat Mistry and Ananya Mariam Rajesh — (Multibagger) – Deloitte’s latest report reveals a projected decrease in back-to-school spending in the United States for 2024. The anticipated expenditure is expected to remain flat or decrease as consumers reduce their purchases of high-cost electronics like laptops and personal computers. Key Insights from Deloitte’s Report According to Deloitte’s shopper surveys, U.S. parents are likely to allocate around $31.30 billion for back-to-school shopping for kindergarten to 12th-grade students, averaging $586 per…

Burberry Appoints Joshua Schulman as New CEO Amid Profit Warning and Dividend Cut In a strategic move to navigate through challenging times in the luxury sector, Burberry has announced the appointment of Joshua Schulman, former Michael Kors boss, as its new chief executive. This decision comes as the British luxury brand faces a significant slowdown in its market, leading to a 21% decline in underlying sales for the 13-week period ending June 29. As a result of this downturn, Burberry has decided to revert to its traditional offerings to cater to its core customers, signaling a shift away from recent…

Title: President Biden Condemns Political Violence After Assassination Attempt on Trump In a powerful Oval Office address, US President Joe Biden denounced the recent assassination attempt on former President Donald Trump, emphasizing the need to reject political violence in American society. The attack, which took place at a rally in Pennsylvania, left one person dead and two critically injured. President Biden urged Americans to come together and emphasized the importance of resolving differences through peaceful means, not violence. He highlighted the growing political polarization in the country and warned that the upcoming election would be a “time of testing.” The…

Atos Secures €1.675 Billion to Restructure Debt – What This Means for Investors and Stakeholders Breaking News: Atos Secures €1.675 Billion for Debt Restructuring with Major Creditors (Multibagger) – In a significant financial maneuver, French IT giant Atos has locked in a substantial funding package of €1.675 billion ($1.82 billion) through an agreement with a consortium of banks and bondholders, representing over 50% of its creditors. This strategic move aims to restructure the company’s debt, fortifying its financial stability and future growth prospects. Key Highlights Restructuring Agreement: Atos has achieved a lock-up agreement with major creditors, facilitating a pathway to…

The Ultimate Guide to Financial Trading and Cryptocurrency Investment | Fusion Media Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives,…

Title: Government Urged to Investigate Intimidation of Candidates During General Election – Expert Analysis As the world’s best investment manager and financial market journalist, I bring you the latest news on political violence and intimidation during the recent general election. Lord Walney, the government’s adviser on political violence, has urged the home secretary to investigate the intimidation of candidates, suggesting a possible “concerted campaign by extremists” across different constituencies. This dark underbelly of abuse poses a threat to our democracy and the safety of our elected officials. In his letter, Lord Walney highlights the gravity of the situation and calls…

Bitcoin Surges to Two-Week High Following Attack on Donald Trump: What This Means for Your Finances SINGAPORE (Multibagger) – Bitcoin saw a significant surge to a two-week high on Monday after an attempted assassination on U.S. presidential candidate Donald Trump. This incident has increased the odds of the former president, known for his pro-cryptocurrency stance, winning the upcoming election. Key Highlights: Bitcoin’s Surge: Bitcoin rose 8.6% to $62,508, hitting a two-week high of $62,698 earlier in the session. This brings its year-to-date gains to an impressive 47%. Ether’s Performance: Ether also saw an increase, climbing 6.8% to $3,322. Trump’s Pro-Crypto…

Airbus and Thales in Talks to Merge Space Activities: Report In a groundbreaking move, Airbus and Thales are reportedly considering merging their space activities, as reported by French business paper La Tribune. This potential merger could have significant implications for the aerospace industry and beyond. According to sources cited by the paper, the two companies have initiated discussions that are currently in the exploratory phase. While neither Airbus nor Thales have responded to requests for comment at this time, the possibility of such a merger is already making waves in the financial world. Airbus Defence & Space, a key player…

By the World’s Best Investment Manager and Financial Market’s Journalist, Kanishka Singh WASHINGTON (Multibagger) – An adviser to a Democratic mega-donor apologized on Sunday for suggesting the possibility of Republican former President Donald Trump’s shooting being staged. Democratic strategist Dmitri Mehlhorn is an adviser to billionaire Reid Hoffman who is a co-founder of social media platform LinkedIn and a major donor to mostly Democratic candidates. WHY IT’S IMPORTANT Top leaders in both the Republican and Democratic Parties, including Republican Trump and Democratic U.S. President Joe Biden, have appealed to the much-divided country to unite and maintain calm after the former…

Title: Putin’s Failed Approach Leads to Third Year of Deadly Conflict: Market Impact Analysis As the world’s best investment manager and financial market’s journalist, I bring you the latest update on the failure of Putin’s approach, which has resulted in a third year of the deadliest conflict in Europe since World War Two. This development highlights the significant divide between the world’s two largest nuclear powers and has far-reaching implications for global markets. In a time where geopolitical tensions are high, understanding the market impact of such events is crucial for investors. This exclusive scoop sheds light on the situation…