Author: Multibagger News

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…

NCR Voyix Explores $3 Billion Sale of Digital Banking Unit: What It Means for Investors By Milana Vinn and David French In a strategic move that could reshape the payments processing landscape, NCR Voyix (NYSE: VOYX) has enlisted Goldman Sachs to explore the sale of its digital banking business, aiming for a valuation as high as $3 billion. Here’s what investors need to know and how it could impact your portfolio. Key Players and Potential Buyers Based in Atlanta, Georgia, NCR Voyix is working with Goldman Sachs to attract interest from a range of potential buyers, including private equity firms…

U.S. Employment Growth Slows in June, Unemployment Rate Rises – What It Means for You By Lucia Mutikani In June, U.S. employment saw a solid increase, with government and healthcare services leading the way. However, about three-quarters of the job gains came from these sectors, while the unemployment rate rose to 4.1%, the highest in 2-1/2 years. This signals a labor market slowdown that is likely to prompt the Federal Reserve to cut interest rates soon. The latest employment report from the Labor Department also revealed that job creation in April and May was lower than previously estimated, indicating a…

Breaking News: President Biden Congratulates UK Prime Minister Starmer on Landslide Victory In a historic move, U.S. President Joe Biden reached out to congratulate newly elected British Prime Minister Keir Starmer after his Labour Party’s overwhelming victory in a parliamentary election. The White House released a statement highlighting the special relationship between the two nations and the importance of collaboration in promoting freedom and democracy worldwide. During the call, Biden expressed his eagerness to collaborate with Starmer on crucial issues such as supporting Ukraine in its conflict with Russia and upholding the Good Friday agreement. Additionally, they discussed plans to…