Author: Multibagger News

Japan’s Wholesale Inflation Accelerates in June, Fueling Expectations for Interest Rate Hike – Expert Analysis By Leika Kihara TOKYO (Multibagger) – Japan’s wholesale inflation accelerated in June as the yen’s declines pushed up the cost of raw material imports, data showed on Wednesday, keeping alive market expectations for a near-term interest rate hike by the central bank. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.9% in June from a year earlier, Bank of Japan data showed, matching a median market forecast and accelerating from the previous month’s…

North Korea’s Arms Trade with Russia: A Threat to Global Peace, Says South Korean President Yoon Suk Yeol In a recent statement, South Korean President Yoon Suk Yeol emphasized the threat posed by North Korea’s arms trade with Russia to global peace. Yoon highlighted the importance of strong alliances among liberal democracies in safeguarding freedom from “reckless elements”. During his visit to Hawaii, Yoon discussed the significance of the combined defence posture of U.S. and South Korean forces with Admiral Samuel Paparo, the commander of U.S. Indo-Pacific Command. Yoon stressed that North Korea’s actions not only endanger peace on the…

The Ultimate Guide to Flipster: Cryptocurrency Derivatives Trading Platform Celebrates 1st Anniversary with 150,000 USDT Prize Giveaway As the world’s best investment manager and financial market journalist, I am thrilled to announce Flipster’s 1st anniversary celebrations with the launch of two competitions and a massive giveaway of 150,000 USDT worth of prizes. This cryptocurrency derivatives trading platform has seen exponential growth in trading volume by 1,943% and net assets by 3,998%, along with a 190% increase in sign-ups and a 565% growth in active traders across 177 countries. Flipster offers over 250 perpetual futures listings with leverage of up to…

Insider Transaction Alert: Delek US Holdings, Inc. CFO Sells Shares Worth $17,662.50 – What Does This Mean for Investors? Delek US Holdings, Inc. CFO Reuven Spiegel recently completed a stock transaction, selling 750 shares of the company’s common stock at a price of $23.55 per share. The transaction, executed on July 8, 2024, was reported in an SEC filing the following day and was conducted under a pre-arranged 10b5-1 trading plan. Following the sale, Spiegel retains ownership of 49,706 shares in Delek US Holdings, a petroleum refining company based in Brentwood, Tennessee. Insider transactions like these can offer insights into…

U.S. Stock Futures Steady as Rate Cut Optimism Fuels Wall Street to Record Highs Federal Reserve Chair Powell’s Testimony and Its Implications for Investors Investing.com—In a tightly ranged evening session on Tuesday, U.S. stock futures held steady, buoyed by growing optimism over potential interest rate cuts. This sentiment helped Wall Street achieve record highs, albeit at a slower pace than before. Jerome Powell’s Testimony: Key Takeaways for Investors Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee highlighted several critical points. While Powell did not explicitly indicate a forthcoming rate cut, markets maintained their expectations for a September…

By David Lawder and Andrea Shalal WASHINGTON (Multibagger) – Treasury Secretary Janet Yellen stated on Tuesday that rent and housing costs are contributing to higher U.S. inflation levels but reassured that consumer price pressures are expected to decrease over time. Yellen highlighted that factors such as supply chain issues and labor market tightness have eased, which will help drive down inflation. During a hearing with the U.S. House of Representatives Financial Services Committee, Yellen mentioned, “Rents and housing costs continue to keep inflation higher than desired, but I believe that it will gradually come down over time.” Lael Brainard, chair…

Robinhood CEO Vladimir Tenev Sells $5.62 Million Worth of Stock: What Does It Mean for Investors? In a recent transaction, Robinhood Markets, Inc. (NASDAQ: HOOD) CEO Vladimir Tenev sold 250,000 shares of Class A Common Stock for a total of approximately $5.62 million. This sale was executed under a pre-arranged 10b5-1 trading plan to avoid accusations of insider trading. Tenev also converted an equal amount of Class B Common Stock to Class A Common Stock, which was immediately disposed of. Following the sale, Tenev’s direct ownership in Robinhood has decreased to zero shares of Class A Common Stock, but he…

Breaking News: Nasdaq and S&P 500 Hit Record Highs as Nvidia Leads the Charge In a historic turn of events, the Nasdaq and S&P 500 have achieved record-high closes, thanks to a surge in Nvidia’s stock following comments from Federal Reserve Chair Jerome Powell. Powell’s remarks signaled that more positive economic data could pave the way for rate cuts, boosting investor confidence. Nvidia, a leading AI chipmaker, saw a 2.5% increase in its stock price, offsetting declines in other chip stocks. Meanwhile, Microsoft dipped 1.4%, and Tesla added 3.7%, contributing to the overall market momentum. Powell’s testimony before Congress highlighted…

Global PC Shipments Surge by 3% in Q2: Apple Leads the Charge with AI Demand In a remarkable turnaround, global shipments of personal computers (PCs) surged by 3% in the second quarter of this year, driven by burgeoning demand for AI-capable devices. According to preliminary data from research firm IDC, Apple (NASDAQ: AAPL) saw the most significant growth among top PC manufacturers, underscoring the tech giant’s dominance in the market. Key Highlights: Overall Growth: PC shipments totaled 64.9 million units in Q2, marking a second consecutive quarter of growth after a prolonged two-year decline. Apple’s Performance: Apple’s shipments soared by…

Title: Federal Reserve Chairman Signals September Rate Cut Amid Labor Market Concerns Investing.com — Federal Reserve Chairman Jerome Powell hinted at a potential rate cut in September as he expressed worries about the cooling labor market during a testimony before the Senate Banking Committee. Powell highlighted the importance of monitoring not just inflation, but also employment levels, signaling a shift in the Fed’s rate-decision strategy. Previously, inflation was the primary concern for the Fed, with little attention given to employment due to a strong job market. However, recent indicators of a weakening labor market have prompted the Fed to consider…