Author: Multibagger News

Intuit’s Strategic AI Transformation: 1,800 Layoffs, New Hires, and a Bold Vision for the Future (Updated – July 10, 2024 9:15 AM EDT) Intuit (NASDAQ: INTU) has announced a pivotal move, laying off approximately 1,800 global employees, equivalent to 10% of its workforce. The announcement, made in a press release on Wednesday, clarifies that the layoffs are not a cost-cutting measure. Market Reaction: Shares of Intuit dropped 1.8% ahead of the market open following the news. CEO’s Vision: CEO Sasan Goodarzi emphasized that this decision is integral to Intuit’s strategic transformation, which pivots towards artificial intelligence (AI) and generative AI.…

Toyota has recently announced its partnership with a group of leading automakers to support IONNA, an electric vehicle charging company that is establishing a robust charging network across North America. This strategic move aims to compete with Tesla’s Supercharger network and provide Toyota and Lexus customers with access to a wide network of fast chargers. Seven prominent automakers, including Mercedes, GM, Stellantis, Honda, BMW, and Hyundai-Kia, came together last year to form IONNA as a joint venture. The goal is to deploy at least 30,000 charging ports in North America by 2030, offering a convenient and efficient charging solution for…

By Trevor Hunnicutt President Joe Biden is set to make a comeback on the campaign trail, targeting labor leaders in a bid to secure crucial support for his re-election. With concerns mounting within the Democratic party about his ability to defeat Republican Donald Trump, Biden’s appearance at the AFL-CIO’s executive council meeting is seen as a pivotal moment. During the 2020 election, labor votes played a crucial role in securing victory for Biden in key swing states. However, internal divisions within the Democratic party have raised questions about Biden’s candidacy, with some members calling for him to step aside due…

Investing.com – In a surprising turn of events, renowned crypto analyst Dennis Liu has updated his 2023 forecast for Solana (SOL), setting a new price target of $480 by the end of 2025. In an optimistic scenario, Liu believes that Solana could even soar to $800. This bold forecast is grounded in various key metrics, with a focus on Solana’s supply and market capitalization. Additionally, Liu considers the total market capitalization of the entire cryptocurrency market to be a crucial factor. He predicts that the market could hit $250,000 by 2025, leading to a staggering $5 trillion market capitalization. With…

Discover the latest insights from Jefferies as they adjust their outlook on Nutrien Ltd (NYSE: NYSE:) shares, a leading fertilizer producer. Despite lowering the price target to $62 from $71, Jefferies maintains a Buy rating on the stock. The revised forecast reflects a more cautious approach for the second half of 2024, taking into account recent market trends and agricultural dynamics. The rationale behind the price adjustment is linked to the increase in corn plantings, which typically require more fertilizer. This surge in demand is expected to drive post-planting applications. Additionally, the delay in planting this season has likely shifted…

Goldman Sachs Analysts Raise Tesla Price Target Following Strong Q2 Deliveries Goldman Sachs analysts have raised their estimates and price target for Tesla (NASDAQ: TSLA) following stronger-than-expected Q2 deliveries while maintaining a Neutral rating on the stock. The Wall Street giant has lifted its price target from $175 to $248, which is roughly 5% lower than Tesla’s last closing price. Earlier this month, Tesla reported preliminary Q2 vehicle deliveries of approximately 444,000, a 15% increase quarter-over-quarter but a 5% decrease year-over-year. Production was around 411,000 vehicles, a 14% year-over-year decline. In comparison, Q1 deliveries were about 387,000, with production at…

According to Citi analysts, physical gold demand may have softened in the second quarter compared to the first, but it is still on a positive trend for 2024. The Wall Street giant predicts that spot trading could reach a record average price range of $2,400-$2,600 per ounce in the second half of the year as financial investors catch up. Non-monetary gold imports into China decreased in the second quarter, but Citi projects a record 1,750 tons of onshore bullion imports in 2024. This would represent a significant increase from the pandemic levels of 2020 and could account for 47% of…

Manchester United Inc. (NYSE:MANU) Upgrades FY 2024 Revenue Forecast Despite Q3 Losses Manchester United Raises FY 2024 Revenue Guidance Amid Q3 Financial Struggles Manchester United Inc. (NYSE: MANU), a global football powerhouse, has revised its financial outlook for the full fiscal year 2024, showcasing optimism despite reporting challenging third-quarter earnings on Wednesday. Key Financial Highlights: Upgraded Revenue Guidance: The club now anticipates FY 2024 revenue to reach GBP 660 million, surpassing the previous forecast range of GBP 635 million to GBP 665 million. Adjusted EBITDA Forecast: The new forecast stands at GBP 140 million, up from the prior range of…

The Ultimate Guide to Investing in the Record-Breaking Wall Street Rally with S&P 500 and Nasdaq Futures Soaring to New Heights As the world’s best investment manager and financial market journalist, I bring you the latest updates on the unprecedented rise of the S&P 500 and Nasdaq futures in a historic Wall Street rally. With Federal Reserve Chair Jerome Powell’s remarks and crucial inflation prints on the horizon, investors are eagerly awaiting more direction this week. Leading the charge in this rally are the heavily weighted stocks, with AI-chip favorite Nvidia climbing 1.1% in premarket trading. Other chip stocks, including…

Mexican Navy Officials Concerned About Rising Flow of Unregulated Chemicals for Drug Production – Multibagger By Lizbeth Diaz In a recent report by Multibagger, Mexican navy officials at Manzanillo, Mexico’s largest port, expressed growing concerns about the influx of unregulated “dual-use” chemicals used in the production of synthetic drugs such as methamphetamine and fentanyl. These chemicals, mostly imported from China, are being used as precursors for illegal drug manufacturing, posing a serious threat to national security. The officials highlighted the need for government regulation to control the flow of these chemicals, which are often disguised as legitimate items like food,…