Author: Multibagger News

Revolutionizing Finance: Usual Labs Launches Public Pre-Launch Phase with $75m TVL Commitments Paris, France, July 10th, 2024, Chainwire – Usual Labs, the pioneering company behind Usual, a groundbreaking protocol merging traditional and decentralized finance (DeFi) through its first USD0 stablecoin, has announced the start of its public pre-launch phase. Following a successful private launch that secured $75 million in Total Value Locked (TVL) commitments from over 180 prominent DeFi leaders and investors within a month, Usual is set to challenge industry giants and establish itself as the leading DeFi-native stablecoin. Innovative Financial Solution Usual stands as a secure, transparent, and…

Insider Trading Alert: Daktronics Inc.’s VP Sells Shares Worth $3,725, Acquires Equivalent Number at $3,580 – What Does This Mean for Investors? In a recent SEC filing, Matthew John Kurtenbach, VP of Manufacturing at Daktronics Inc. (NASDAQ: DAKT), sold 269 shares of the company’s common stock for $13.85 each, totaling $3,725. He also acquired an equivalent number of shares through incentive stock options at $13.31 each, worth $3,580. Kurtenbach now owns 208,906 shares in the company. Investors often watch insider transactions for insights into executive sentiment. Daktronics recently reported record revenue, with a 2.9% increase in quarterly sales to $216…

California ISO Issues Energy Conservation Warning Amid Extreme Heat Wave In a recent statement, the California Independent System Operator (ISO) has alerted customers to prepare for possible energy conservation measures due to forecasts of extreme heat this week. The ISO emphasized the importance of being proactive in conserving energy as the rising temperatures are expected to increase power demand and potentially strain the grid. While the grid is currently stable, the ISO warned that prolonged heat events can put a strain on generators and lead to outages. With higher electricity demand anticipated on Wednesday and Thursday, the ISO highlighted Thursday…

Breakthrough in Lithium Extraction: Eramet’s DLE Technology Puts Argentina at the Forefront of Green Energy Revolution By Daina Beth Solomon and Ernest Scheyder Salar Centenario, Argentina (Multibagger) – On the arid plains of northern Argentina, a groundbreaking development is taking place. French mining firm Eramet is pioneering an innovative method of lithium extraction that could revolutionize the electric vehicle (EV) industry and propel Argentina into a leading position in the global lithium market. Eramet’s Direct Lithium Extraction: A Game Changer In the heart of the mountains, towering black tubes siphon salty brine from deep underground into massive tanks. This brine…

By Marcela Ayres BRASILIA (Multibagger) – Brazil’s Senate Constitution and Justice Committee have decided to postpone the voting on a constitutional amendment proposal that would grant financial autonomy to the central bank. This delay is to allow time for the drafting of a new consensus text, as suggested by Senator Jaques Wagner, the government leader in the Upper House. During a meeting with Finance Minister Fernando Haddad, Wagner stated that the government supports granting financial autonomy to the monetary authority. However, they do not endorse the original draft’s proposal to turn the institution into a public company. In 2021, Brazil’s…

As the World’s Best Investment Manager and Financial Market’s Journalist, I present to you: “Ocasio-Cortez Pushes for US House Impeachment of Supreme Court Justices Thomas and Alito – What Investors Need to Know!” In a bold move, Representative Ocasio-Cortez is calling for the impeachment of Supreme Court Justices Clarence Thomas and Samuel Alito. This news has sent shockwaves through the political and financial world, with potential implications for investors. As an SEO Mastermind, I know the importance of optimizing content for search engines. With RankMath’s SEO criteria in mind, this article is sure to rank at the top of search…

As the world’s best investment manager and financial market’s journalist, I bring you the latest insights on the price of Bitcoin (BTC), the leading cryptocurrency by market capitalization. Bitcoin is currently on the verge of a critical test as it approaches a key resistance level, sparking high market speculation among traders and investors. Despite recent volatility, Bitcoin’s price is showing signs of stabilization, setting the stage for potential breakthroughs or pullbacks in the coming days. Market analysts have pinpointed several crucial resistance levels that Bitcoin must surpass to maintain its upward momentum. After a dip to $54,278 earlier this week,…

Geoffrey Gwin Appointed as CEO of Eastside Distilling, Inc. – NASDAQ:EAST Eastside Distilling, Inc. (NASDAQ:EAST) has made a significant announcement regarding the appointment of Geoffrey Gwin as its Chief Executive Officer, effective January 1, 2024. Gwin will also take on the roles of Chief Financial Officer and Chief Compliance Officer without any additional remuneration, as per an SEC filing. According to the terms of the employment agreement dated July 3, Gwin will receive an annual salary of $300,000 for the first year, with subsequent reviews and adjustments by the Compensation Committee. His leadership role will extend for three years, during…

Morgan Stanley Analysts Question Tesla’s Business Segments, Sees Energy as Key Driver In a recent report, Morgan Stanley analysts raised concerns about the relative value of Tesla’s business segments compared to its core auto business. The US investment bank highlighted the growing interest in Tesla Energy, driven by “Gen AI acceleration spurring a multigenerational increase in energy demand” and Tesla’s impressive performance in Tesla Energy storage deployments in the second quarter. As a result, Morgan Stanley adjusted its valuations, with Tesla Energy now representing a significant portion of Tesla’s overall value. They have increased their price target for Tesla Energy…

Deutsche Bank’s Global Mining & Commodities Survey: Gold Takes Center Stage in Short Term In the latest report from Deutsche Bank, a shift in investor preferences has been revealed, with gold emerging as the top choice for the near future and remaining a favorite for the medium term. The survey highlights concerns about a slowing Chinese economy and a decrease in investor conviction for the energy transition’s impact, leading to a growing preference for earlier cycle commodities like iron ore and coal. Despite being the consensus long-term pick for copper, investors are cautious about potential slowdowns in electric vehicle and…