Author: Multibagger News

Breaking News: White House Delays Decision on Nippon Steel’s U.S. Steel Acquisition Amid National Security Concerns Introduction: In a significant development that could reshape the steel industry, White House officials have signaled a delay in deciding on the proposed takeover of U.S. Steel by Japan’s Nippon Steel. This move comes amid mounting opposition and concerns over national security. The news was first reported by the Washington Post and corroborated by Multibagger. Key Details: Unanswered Queries: The Committee on Foreign Investment in the United States (CFIUS), Nippon Steel, and U.S. Steel have all refrained from commenting on the matter. Additionally, the…

Trump vs. Harris: A Timeline of the 2025 U.S. Presidential Election By Costas Pitas Republican former President Donald Trump and Vice President Kamala Harris, a Democrat, will face each other in the Nov. 5 U.S. presidential election. Here is a timeline of events related to the election between now and Inauguration Day next January. – Oct. 1: Republican VP candidate JD Vance and Democratic rival Tim Walz debate hosted by CBS News. – Nov. 5: Election Day – Later in November: Election result may take days to be known, especially with mail-in ballots. – Nov. 26: Trump due to be…

TechCrunch Disrupt 2024 to Feature Andreessen Horowitz General Partner Martin Casado Discussing AI Regulation Don’t miss out on the opportunity to hear from Martin Casado, a leading figure in software-defined networking and venture capital, as he dives into the crucial topic of AI regulation at TechCrunch Disrupt 2024. Taking place at Moscone West in San Francisco on October 28-30, this event is a must-attend for anyone in the tech world. Casado, known for his success in scaling companies and navigating the transition from entrepreneur to investor, will provide valuable insights on why startups need to take AI regulation seriously. With…

Imprimis Pharmaceuticals Inc (HROW) Stock Hits 52-Week High: Record Revenue Growth Reported – InvestingPro Insights Imprimis Pharmaceuticals Inc (HROW) has seen its stock soar to a new 52-week high, reaching $44.83, marking a remarkable 190.76% increase over the past year. Investors are showing strong interest in HROW as the pharmaceutical company continues to report impressive financial performance. In other news, Harrow Health has reported record-breaking revenue figures in the Second Quarter of 2024, with revenue reaching $48.9 million, a 46% growth compared to the previous year. Harrow Health’s growth has been primarily driven by its Anterior Segment business and ImprimisRx…

Air Canada Strike Looms: What Investors Need to Know and How It Could Impact Your Finances OTTAWA (Multibagger) – The Canadian government will not step in to resolve the ongoing dispute between Air Canada and its pilots, Prime Minister Justin Trudeau announced on Friday. Instead, the focus will be on pressuring both sides to come to an agreement and avert a potential strike. A strike could commence as early as September 18, disrupting operations for Air Canada and its low-cost subsidiary, Air Canada Rouge. These airlines collectively manage nearly 670 flights daily, affecting around 110,000 passengers and freight services each…

Sanae Takaichi Urges Bank of Japan to Hold Off on Interest Rate Hikes – What Does This Mean for Japanese Economy and Your Finances? In a recent statement, Sanae Takaichi, a top contender to replace Japanese Prime Minister Fumio Kishida, expressed her belief that the Bank of Japan should refrain from raising interest rates at this time in order to safeguard the country’s economic recovery. Takaichi emphasized that premature rate hikes could hinder capital expenditure and make it challenging for young individuals to secure loans for purchasing homes. With Japan’s ruling Liberal Democratic Party gearing up for an election on…

Exclusive: Russia’s Opposition in Exile Implodes as Navalny Allies Accuse Khodorkovsky’s Associate of Ordering AttacksBy Andrew Osborn and Lucy PapachristouThe rift in Russia’s opposition in exile has deepened, shifting from political activism to internal conflict. Allies of late opposition leader Alexei Navalny have accused another opposition figure of orchestrating attacks on their activists, fueling a bitter feud that threatens to fracture the anti-Kremlin movement.This scandal not only weakens the opposition’s efforts to unite against the Russian government but also risks tarnishing their credibility with supporters and Western allies. The clash between the two most prominent opposition factions sets the stage…

Welcome to Startups Weekly — your go-to source for a weekly recap of all the must-know happenings in the world of startups. Stay in the loop by signing up for our newsletter every Friday! Most Interesting Startup Stories from the Week Image Credits: Neurode This week showcased the diverse landscape of startups when it comes to risk-taking. Let’s dive in: Shrinking teams: Bending Spoons, an Italy-based app company, is set to lay off 75% of the staff at WeTransfer, the Dutch file transfer startup it acquired. This follows previous job cuts at other acquired companies like Evernote, Filmic, and Meetup.…

Hamilton Beach Brands Holding Company (HBB) Stock Hits Record High Amidst Strong Growth Hamilton Beach Brands Holding Company (HBB) stock has soared to a remarkable 52-week high of $29.48, marking a substantial 118.13% increase over the past year. This surge in stock price reflects the company’s robust performance and growing investor confidence in its market position and growth strategy. In recent news, Hamilton Beach Brands Holding Company reported a record Q2 revenue of $156.2 million, representing a 14% increase from the previous year. The company’s gross profit margin also saw a significant rise to 25.9%. Strategic initiatives, including a focus…

Boeing Faces Potential Credit Rating Downgrade Amid Prolonged Strike, Warns Fitch (Multibagger) – Fitch Ratings alerted investors on Friday that a prolonged strike at Boeing (NYSE: BA) could jeopardize the aerospace giant’s credit rating. The ratings agency expressed concerns that an extended strike could lead to significant operational and financial repercussions for Boeing, potentially resulting in a credit downgrade. Adding to the apprehensions, S&P Global Ratings also indicated on Thursday that a prolonged strike could hinder Boeing’s recovery trajectory and negatively impact its overall rating. Breaking It Down: How This Affects You What’s Happening? Fitch Ratings and S&P Global Ratings…