Author: Multibagger News

Alaska Man Arrested for Threatening Supreme Court Justices – Shocking Details Revealed! In a disturbing turn of events, Panos Anastasiou, 76, has been arrested for threatening violence against six U.S. Supreme Court justices and their family members. The threats, which included racist language, were made in over 465 messages sent through the court’s website. The indictment did not reveal the names of the targeted justices, but it is believed that some belonged to the conservative majority. Anastasiou’s threats escalated in intensity, with some mentioning a former president, likely referring to Donald Trump. The U.S. Attorney General condemned the threats as…

Breaking News: SpaceX Denies Allegations of License Violations – FAA Seeks $633,009 in Penalties In a recent development, SpaceX has sent a letter to top Congressional leaders refuting claims of violating its launch licenses last year. The Federal Aviation Authority’s Office of Commercial Space Transportation (AST) sought $633,009 in fines from the company, alleging non-compliance with license requirements on two separate occasions in 2023. According to the FAA, SpaceX failed to follow protocol by using a new control room and unapproved rocket propellant farm during launches without prior approval. These infractions resulted in the largest civil penalty imposed by the…

SunPower Corp (NASDAQ:SPWR), a leading semiconductor and solar energy company, has made headlines with its recent filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code. This move, as disclosed in an 8-K filing with the Securities and Exchange Commission (SEC) dated September 18, 2024, has raised concerns among investors and industry experts alike. The bankruptcy cases, filed by SunPower and its subsidiaries in the U.S. Bankruptcy Court for the District of Delaware, come with a comprehensive statement of financial affairs and asset schedules. These documents, now publicly accessible, shed light on the company’s legal matters, ongoing lawsuits, and…

Major Stakeholder Shift: Magnolia Capital Fund Divests $430K in Wheeler REIT Preferred Shares Magnolia Capital Fund, LP has strategically reduced its holdings in Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLRD), offloading preferred shares valued at over $430,000. This pivotal move, executed over two days, involved the sale of Series D Cumulative Convertible Preferred Stock at prices ranging between $20.40 and $20.48 per share. Breakdown of the Transactions On September 17, 2024, Magnolia Capital sold 9,380 shares at a weighted-average price of $20.48. The following day, an additional 11,700 shares were sold at a weighted-average price of $20.40. These sales…

By Jamie McGeever (Multibagger) – A comprehensive overview of what to expect in Asian markets today. After a week filled with central bank meetings, including the U.S. Federal Reserve and the Bank of England, all eyes are now on Asia as the Bank of Japan and People’s Bank of China prepare to make their policy decisions on Friday. Investors in Asia are currently riding a wave of optimism following the Fed’s recent rate cut and dovish outlook on rates in the coming years. While concerns about the U.S. labor market and the impact of aggressive easing policies may resurface in…

“Qualcomm to Lay Off 226 Workers in San Diego – Impact on Stock Prices and Market Trends Revealed!” Qualcomm, a leading chipmaker for smartphones, has announced the layoff of 226 workers in San Diego. This move, reported by the San Diego Union-Tribune, is set to take effect in November. The layoffs will impact employees at 16 facilities, including the company’s headquarters with a cybersecurity presence. It remains unclear if the cybersecurity team will be affected. In a statement, Qualcomm spokesperson Kristin Stiles emphasized the company’s focus on diversification and strategic positioning in the market. This decision comes on the heels…

Rhythm Pharmaceuticals, Inc. Annual Meeting Results: Class I Directors Re-Elected and Proposals Approved Rhythm Pharmaceuticals, Inc. (NASDAQ:), a leading biopharmaceutical company, announced the successful outcomes of its recent Annual Meeting of Stockholders. The company confirmed the re-election of three Class I Directors and the approval of all proposals presented during the meeting. The Boston-based company, known for its expertise in pharmaceutical preparations, saw the re-election of Stuart A. Arbuckle, Christophe R. Jean, and Lynn A. Tetrault as Class I Directors. Each director will serve until the 2027 Annual Meeting of Stockholders. The voting results showed strong support for the nominees,…

Recursion Pharmaceuticals Director Sells Significant Shares Amid Strategic Shifts: What Investors Need to Know Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX) Director Blake Borgeson recently sold a notable amount of company stock. On September 17, 2024, Borgeson sold 11,447 shares at an average price of $6.8431, totaling approximately $78,332. This sale was executed under a Rule 10b5-1 trading plan, which Borgeson adopted on August 18, 2023. These plans allow company insiders to sell shares at predetermined times to prevent accusations of trading on nonpublic information. The shares were sold through multiple transactions, with prices ranging from $6.74 to $7.03 per share. After…

Israeli Forces Kill Six Palestinians in West Bank Military Raid – Investing.com RAMALLAH (Multibagger) – Six Palestinians were killed and 18 others injured by Israeli forces during a military raid in the occupied West Bank city of Qabatiya, the governor of Jenin told Multibagger on Thursday. The governor, Kamal Abu al-Rub, said four of the injured are in critical condition, and that Israeli forces withdrew from Qabatiya after destroying infrastructure in the area. There was no immediate comment from the Israeli military. Violence has surged in the West Bank since the start of the war in Gaza, with almost daily…

Oak Woods Acquisition Corporation, listed as NASDAQ:OAKU, has announced an upcoming extraordinary general meeting of shareholders on Wednesday, September 25, 2024. This Cayman Islands-based company operates in the miscellaneous health and allied services industry and has filed an 8-K with the U.S. Securities and Exchange Commission regarding the meeting. The purpose of the meeting, as outlined in the company’s definitive Proxy Statement, is to gather proxies from shareholders. Specific details about the location and time of the meeting can be found in the Proxy Statement filed with the SEC. Shareholders who have questions about the proposals in the Proxy Statement…