Author: Multibagger News

Goldman Sachs Lowers China’s 2024 GDP Forecast to 4.9% Amid Economic Slowdown In a recent report, Goldman Sachs has revised its forecast for China’s 2024 gross domestic product (GDP) growth from 5.0% to 4.9% due to a slowdown in the country’s economy during the second quarter. The data suggests that weak domestic demand is a key factor driving this downward revision. Goldman Sachs economists, led by Lisheng Wang, have highlighted the need for more policy easing to stimulate the economy. They believe that additional measures, particularly in the fiscal and housing sectors, will be necessary to counteract the slowdown and…

Breaking News: Trump Narrowly Escapes Assassination Attempt at Campaign Rally in Pennsylvania In a shocking turn of events, former President Donald Trump narrowly escaped an assassination attempt during a campaign rally in Butler, Pennsylvania. The 78-year-old was targeted by a 20-year-old man with an AR-15-style rifle, resulting in one person in the crowd getting killed and two others wounded before Secret Service agents intervened. Both Trump and President Joe Biden have called for calm and unity in the wake of the incident, emphasizing the need to de-escalate the political tensions that have been on the rise in the country. Trump,…

Exclusive Report Reveals U.S. Justice Department Probing Archer Daniels Midland Co’s Accounting Practices, Sending Shockwaves Through Financial Markets Date: 05 February 2024, 1:17 pm | Reading Time: 1 minute Multibagger has exclusively reported that the U.S. Justice Department is investigating the accounting practices of Archer Daniels Midland Co (ADM.N), a global commodities giant. This news has sent shockwaves through the financial markets. Market Impact: New York-listed shares of ADM’s stock plummeted by 24% on Jan. 22 after the company announced the suspension of its CFO due to an internal probe into accounting practices within its Nutrition division. Analysis: This exclusive…

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…