Author: Multibagger News

By Arathy Somasekhar, Curtis Williams and Liz Hampton HOUSTON/FREEPORT (Multibagger) – About 1.3 million homes and businesses in Texas remained without power on Thursday, four days after Hurricane Beryl lashed the state with fierce winds and flooding, sparking frustration among companies, officials and residents who were facing extreme heat. Around 1.1 million of those without power were customers of CenterPoint Energy (NYSE:), the state’s largest provider. Another 1.17 million customers have been restored since Beryl’s landfall near Matagorda, Texas, the company said. The slow restoration of power continues hindering some companies’ efforts to quickly return operations to normal, especially around…

NTIC’s Q3 2024 Financial Overview: Record Bioplastic Sales Amid Mixed Performance Northern Technologies International Corporation (NASDAQ: NTIC) Q3 2024 Earnings Report: What Investors Need to Know Key Financial Highlights Northern Technologies International Corporation (NASDAQ: NTIC) recently released its fiscal Q3 2024 financial results, revealing a nuanced performance across its different business segments. Despite a slight overall dip in net sales, the company achieved record quarterly sales in its Natur-Tec bioplastic division, driven by heightened demand in North America and India. Key Takeaways: Natur-Tec Bioplastic Boom: Achieved record sales, primarily fueled by North American and Indian markets. Overall Sales: Total net…

Investment Manager’s Insight: Fed’s Battle Against Inflation Nears End as Consumer Prices Fall By Ann Saphir and Howard Schneider In a significant development, the U.S. Federal Reserve’s fight against inflation may be reaching its final stages, with consumer prices seeing a decline in June. This comes as shelter cost increases slow down and markets respond by pushing down yields on bonds and inflation-protected securities. The consumer price index dropped by 0.1% last month, marking the weakest reading since May 2020. The year-over-year rise of 3% was also the lowest in a year. Over the past three months, consumer prices have…

Breaking News: Russia’s Assassination Plot on German Arms Manufacturer’s CEO Uncovered by U.S. Intelligence In a shocking revelation, U.S. intelligence has uncovered a plot by Russia to assassinate the chief executive of German arms manufacturer Rheinmetall, a key player in producing artillery shells and military vehicles for Ukraine. According to CNN, this sinister plan was part of a larger scheme by the Russian government to target defense industry executives in Europe who were supporting Ukraine’s war effort. The targeted CEO, Armin Papperger, was fortunately saved thanks to the swift action of German security services, who were alerted by the United…

Earlier this week, exchange-traded funds (ETFs) experienced their highest buying activity since early June, signaling a renewed interest in the original cryptocurrency. In an exclusive interview with Investing.com, Bit Digital Inc (NASDAQ:) CEO Sam Tabar shared his insights on the positive reception of the 10 recently approved spot Bitcoin ETFs, along with discussions on the upcoming U.S. election, Bitcoin price forecast, and more. ETFs Progress and Inflows Tabar, the chief of sustainability-focused bitcoin mining firm (BTBT), expressed his satisfaction with the increased accessibility to digital assets through the recently approved ETFs. These launches have been among the most successful in…

Estee Lauder (NYSE: EL) Outlook Slashed by Piper Sandler, Risks Looming in Chinese Market In a recent development, Piper Sandler revised its outlook on Estee Lauder shares, lowering the price target to $108 from $141 while maintaining a Neutral rating. This adjustment comes in light of ongoing consumer softness in China, which could result in lower-than-expected sales for the fourth fiscal quarter. Despite Estee Lauder’s confidence in the Profit Recovery Program to boost gross margins, concerns persist about potential risks to the profit and loss statement due to weaker scale benefits and input cost inflation in the sluggish Chinese market.…

Unveiling the Secrets of AI-Picked Winning Stocks for July Investing.com — Discover how savvy investors are reaping impressive returns in a flat market with our AI’s stock picks for July! Our premium users are celebrating gains of up to 15% in Enphase Energy (NASDAQ: ENPH) alone this month. And that’s just the beginning! Our exclusive list of winners for July includes top performers like ON Semiconductor Corporation (NASDAQ:), Tesla (NASDAQ:), and Super Micro Computer (NASDAQ:), with twelve stocks already up by more than 5%. Imagine the possibilities of picking winning stocks before they rally! Our Tech Titans strategy has seen…

As the world’s best investment manager and financial market journalist, I bring you the latest update on the U.S. Department of Energy’s groundbreaking initiative to invest $36 million in technologies aimed at lowering emissions from synthetic nitrogen fertilizer used in corn and sorghum for ethanol production. This move comes as a crucial step towards reducing greenhouse gas emissions in the agriculture sector, which accounts for approximately 11% of U.S. emissions. Nitrous oxide emissions, largely from nitrogen fertilizer application, contribute significantly to this figure. The ethanol industry, facing challenges from the rise of electric vehicles, is set to benefit from these…

Grab-Trans-Cab Merger Under Scrutiny: What It Means for Singapore’s Ride-Hailing Market Singapore’s Competition Watchdog Raises Alarm Over Grab’s $74M Acquisition of Trans-cab In a significant development, Singapore’s Competition & Consumer Commission (CCCS) has raised concerns regarding Grab’s proposed acquisition of Trans-cab, a move valued at approximately S$100 million ($74 million). This merger, which could profoundly reshape the city’s ride-hailing landscape, has triggered a wave of apprehension about its potential to reduce competition and inflate prices for consumers. Key Concerns: Driver Shortage Amplified: With Singapore already grappling with a shortage of ride-hailing drivers, the CCCS suggests that the merger could exacerbate…

Investment Manager’s Exclusive Report: Republican Lawmakers Request Intelligence Briefing on Microsoft’s $1.5 Billion Investment in UAE AI Firm G42 In a groundbreaking development, Republican lawmakers are calling for an intelligence briefing from the Biden administration regarding Microsoft’s massive $1.5 billion investment in UAE-based artificial intelligence firm G42. This move comes amidst growing concerns over the potential transfer of sensitive technology and G42’s alleged ties to China. Congressman Michael McCaul and John Moolenaar, two key figures in national security and China-related committees, have penned a letter to White House National Security Advisor Jake Sullivan, urging for a comprehensive briefing before the…