Author: Multibagger News

Investing.com – Dive into Wells Fargo’s midyear economic and market outlook for 2024 as they recalibrate expectations for the next 18 months. Discover the impact of artificial intelligence (AI), Federal Reserve rate cuts, declining inflation, and durable earnings growth on the market momentum. Midyear Outlook Recap for Investors Explore the trends in inflation, interest rates, and asset prices driven by government stimulus packages and the federal budget deficit. Gain insights into geopolitical tensions affecting global markets and the performance of equities in different sectors. Equities Forecast for 2024 Learn which equities are expected to perform well this year and the…

Urgent Call to Action: Business Leaders Urge President Biden to Withdraw from 2024 Election Amid Trump Threats In a dramatic turn of events, a coalition of prominent business and civic leaders has penned a letter to President Joe Biden, urging him to reconsider his bid for reelection in the face of mounting challenges posed by his Republican adversary, Donald Trump. This plea, reported by the Washington Post, highlights the intricate balance between political legacy and national stability, as Biden’s 2024 campaign hangs in the balance. Key Highlights: Leadership Now Project’s Letter: On Friday, the Leadership Now Project, comprising 168 influential…

Canada’s Unemployment Rate Hits 29-Month High, Sparks Rate Cut Bets – Analysis and Breakdown Promit Mukherjee and Ismail Shakil reported that Canada’s unemployment rate surged to 6.4%, the highest in 29 months. This alarming data suggests that the labor market is struggling to accommodate a rapidly growing population, leading to job losses. The youth unemployment rate also reached a decade high, signaling potential recession risks. Notably, the Bank of Canada may cut rates following the release of this report, with market expectations increasing to 56%. Chief economist Doug Porter highlighted the significant rise in the jobless rate since January last…

By Ange Kasongo KINSHASA (Multibagger) – In a dramatic turn of events, two U.S. citizens currently on trial in the Democratic Republic of Congo have denied any involvement in an attempted coup that took place in May. The individuals, Marcel Malanga and Benjamin Zalman-Polun, revealed to the court that they were threatened by the coup leader to either join or face death. The failed coup, orchestrated by U.S.-based Congolese politician Christian Malanga, saw armed men briefly occupy a presidency office in Kinshasa before Malanga was killed by security forces. Speaking for the first time since the trial began, Malanga’s son…

Insider CEO Purchase Signals Confidence in CTT Pharmaceutical Holdings, Inc. (OTC:CTTH) Stock In a recent transaction, the CEO of CTT Pharmaceutical Holdings, Inc. (OTC:CTTH) bought 1,454 shares at $0.06 each, investing $87 in the company. This move reflects the CEO’s direct ownership and belief in the firm’s future prospects. With a total of 5,020,700 shares, the CEO’s purchase is seen as a positive indicator by investors. CTT Pharmaceutical Holdings, Inc., operating in the gold and silver ores sector, is based in Delaware and Florida. The recent insider transaction sheds light on the company’s valuation and potential, influencing market sentiment and…

Carlyle Group in Exclusive Talks to Acquire Baxter’s Kidney Care Spinoff Vantive for Over $4 Billion Breaking News: Private Equity Giant Carlyle Group Set to Acquire Baxter International’s Kidney Care Spinoff, Vantive In a significant move that could reshape the healthcare landscape, private equity powerhouse Carlyle Group (NASDAQ: CG) is in exclusive negotiations to acquire Baxter International’s (NYSE: BAX) kidney care unit, Vantive, for a staggering $4 billion, including debt, according to sources familiar with the matter. Key Details: Stakeholders in Play: Carlyle Group, a leading global investment firm, and Baxter International, a medical device manufacturer based in Deerfield, Illinois.…

By Howard Schneider The Federal Reserve has stated that inflation is on the decline and the job market is returning to pre-pandemic levels, with a “tight but not overheated” situation. In its latest report to Congress, the Fed highlighted the gradual return to normalcy in the U.S. economy after the disruptions caused by COVID-19. According to the report, inflation has significantly eased over the past year and is continuing to show progress. The housing services sector, in particular, is expected to stabilize in terms of price increases. The job market has also been rebalancing, with a decrease in job openings…

Title: Trump’s Legal Team Seeks Partial Pause in Criminal Case After Supreme Court Ruling – What Investors Need to Know As the world’s best investment manager and financial market journalist, I bring you the latest update on Donald Trump’s legal battle. Trump’s lawyers have requested a partial pause in the criminal case against him for mishandling classified documents, following a recent Supreme Court ruling. This ruling granted presidents broad immunity for official acts, which Trump’s legal team believes strengthens his immunity claim in the classified documents prosecution. According to Trump’s lawyers, a pause in the case is essential to protect…

Congressman Gerald E. Connolly Makes Partial Stock Sales: What Investors Need to Know In a recent congressional trade report, Congressman Gerald E. Connolly, representing Virginia’s 11th district, made partial sales of stocks in three different companies through his TIAA Joint account. The transactions involved Dominion Energy Inc. Common Stock (NYSE:D), Leidos Holdings Inc. Common Stock (NYSE:LDOS), and Science Applications International Corporation – Common Stock (NYSE:SAIC). While these sales may raise questions about confidence in the companies, it’s important to remember that elected officials often manage their portfolios to avoid conflicts of interest. Investors should conduct their own research and consider…

Unleashing the AI Revolution: Analysts Predict 15% Upside for Nasdaq in 2024 Wedbush analysts are bullish on the tech sector, forecasting a further 15% upside for the Nasdaq in 2024. They see the current momentum as just the tip of the iceberg in an AI-driven tech bull market, with the “AI party” only at 9 pm. Nvidia and Microsoft are leading the charge in this “AI Revolution,” laying the groundwork for a wave of new applications and spending. Wedbush anticipates a massive $1 trillion wave of tech sector spending related to AI in the next 12-18 months. The analysts are…