Author: Multibagger News

Investing.com: S&P 500 Hits Record High Amid Speculation of Fed Rate Cuts After Jobs Report The S&P 500 closed at a record high on Friday as investors anticipate Federal Reserve rate cuts following the June jobs report, which indicated a cooling labor market. At 15:43 ET, the S&P gained 0.5% to reach a record high of 5,566.75. Treasury yields dropped after the June jobs report showed a decrease in job additions, along with downward revisions to previous months. The unemployment rate also rose to 4.1%, strengthening the case for a September rate cut. Meta Platforms Inc led the rise in…

Walmart Wins Legal Battle: U.S. Judge Dismisses FTC’s Central Claim in Scam Artist Lawsuit By Jonathan Stempel NEW YORK (Multibagger) – In a significant legal victory for Walmart Inc. (NYSE: WMT), a U.S. District Judge has dismissed a pivotal claim in the Federal Trade Commission’s (FTC) lawsuit alleging that the retail giant ignored fraudulent activities conducted through its money transfer services. Key Highlights: Judge’s Ruling: U.S. District Judge Manish Shah in Chicago ruled against the FTC’s claim for monetary damages, citing insufficient evidence that Walmart knowingly ignored warning signs of fraud. Legal Context: The dismissed claim was based on the…

Best Investment Manager Reveals: Britain’s New Prime Minister Pledges to Rebuild Country After Landmark Election Win In a stunning turn of events, Keir Starmer, the new Prime Minister of Britain, has vowed to use his massive electoral majority to rebuild the nation after years of upheaval and strife. This landmark victory for the centre-left Labour party has sent shockwaves through the financial markets and political landscape. With a historic landslide victory in the parliamentary election, Starmer’s government is poised to bring about significant changes to the country’s economic and political landscape. The resignation of Rishi Sunak, the former Conservative leader,…

By David Swanson If you’re looking for hot investment opportunities, look no further than the scorching temperatures dominating the U.S. West Coast, Southeast, and Middle Atlantic seaboard this July Fourth holiday weekend. With around 108 million Americans under excessive heat advisories, record-breaking temperatures are forecasted for California, southern Oregon, and the Southwest. The West Coast will sizzle 15 to 30 degrees above average, with some areas hitting 110 Fahrenheit (43 Celsius) on Friday. From Phoenix to Washington D.C. to Palm Springs, temperatures will soar, creating a dangerous situation for those without access to adequate cooling. But what does this mean…

MicroStrategy Chairman Michael Saylor Affirms Bitcoin’s Value Amid Market Volatility In response to the recent price slump in the cryptocurrency market, Michael Saylor, Chairman of MicroStrategy, made a strong statement that has captured the attention of the crypto community. Despite Bitcoin’s price falling below $56,000 and experiencing a four-day decline, Saylor reiterated his belief in Bitcoin’s enduring value by stating, “1 BTC to 1 BTC.” This decline in Bitcoin’s price has brought the digital asset close to levels last seen in February, with the largest cryptocurrency sinking to an intraday low of $53,499 before partially recovering to trade at $55,780.…

Breaking News: Ginkgo Bioworks Holdings, Inc. Executive Sells Shares to Cover Tax Obligations Amid Company Restructuring In a recent transaction, Steven P. Coen, the Chief Accounting Officer of Ginkgo Bioworks Holdings, Inc. (NYSE: DNA), sold shares of the company’s stock to cover tax withholding obligations. The sale involved 13,520 shares at a price of $0.326 per share, totaling approximately $4,407. This move was necessary to meet the tax liability associated with the vesting of restricted stock units (RSUs) as part of the company’s equity incentive plans. Ginkgo Bioworks allows employees to satisfy their tax withholding requirements through a “sell to…

Chase Bank’s New Warning: Prepare for Account Fees Amid Sweeping Regulatory Changes SEO Keywords: Chase Bank account fees, financial regulations, overdraft fees, Marianne Lake, JPMorgan Chase, Consumer Financial Protection Bureau, banking costs In a recent revelation that could reshape the landscape of personal banking, Chase Bank’s head, Marianne Lake, has issued a stark warning to customers: prepare to pay for bank accounts. New Financial Regulations: The Catalyst for Change According to an exclusive report from The Wall Street Journal on Friday, Lake has indicated that impending financial regulations could drastically increase everyday banking costs for Americans. These regulations, spearheaded by…

South Africa’s Rand Gains as Dollar Weakens, Fed Rate Cut Hopes Rise – Best Investment Manager Analysis In a positive turn of events for South Africa, the rand continued to strengthen against a weaker dollar on Friday. This surge was driven by growing expectations that the Federal Reserve will implement interest rate cuts in the near future. As of 1543 GMT, the rand was trading at 18.2250 against the dollar, marking a 0.2% increase from its previous close. Andre Cilliers, a currency strategist at TreasuryONE, commented on the situation, stating that “The rand has gained from the weaker dollar after…

Breaking News: Driver Under Influence Kills 3, Injures 7 in Lower Manhattan Park – Invest Wisely Now! By Brendan O’Brien (Multibagger) – A driver suspected of being under the influence of alcohol was in custody on Friday after his pickup truck plowed into a crowd celebrating the Fourth of July in a Lower Manhattan park, killing three and injuring seven others, authorities said. The man, who was driving a Ford (NYSE:) F-150, sped through a stop sign at about 9 p.m. on Thursday and on to a sidewalk, striking people gathered in Corlears Hook Park on the Lower East Side,…

Braden Michael Leonard Increases Stake in Aclaris Therapeutics (NASDAQ:ACRS) by Over $405,000 – InvestingPro Insights Braden Michael Leonard, a significant shareholder of Aclaris Therapeutics, Inc. (NASDAQ:ACRS), has recently increased his stake in the company with purchases totaling over $405,000. These transactions, spread over several days, demonstrate Leonard’s confidence in the pharmaceutical company. On July 2, 2024, Leonard acquired 86,092 shares at an average price of $1.144 per share. This was followed by a larger purchase on July 3, 2024, where he bought 143,288 shares at an average price of $1.159 each. The buying spree continued on July 5, 2024, with…