Author: Multibagger News

Groupon Inc. Shares Surge: Analysts and Activist Investors Back Turnaround Strategy NASDAQ: GRPN – Strong Buy Signals from Wall Street and Major Stakeholders Shares of Groupon Inc. (NASDAQ: GRPN) have surged nearly 7% by midday Wednesday, as Wall Street analysts and major shareholders express robust confidence in the company’s turnaround strategy. Northland Capital Markets Initiates Coverage with Outperform Rating and $22 Price Target Today, Northland Capital Markets initiated their coverage of Groupon with an ‘Outperform’ rating and a $22 price target, suggesting over 50% upside potential from current levels. Analysts at Northland cite mounting evidence that Groupon is at the…

Breaking News: FTC to Sue UnitedHealth, Cigna, and CVS Health Over Drug Pricing Tactics In a shocking development, the U.S. Federal Trade Commission is reportedly gearing up to take legal action against UnitedHealth, Cigna, and CVS Health, the three largest pharmacy-benefit managers, over their questionable tactics in negotiating drug prices, including insulin. According to the Wall Street Journal, the agency is preparing to file lawsuits targeting the business practices related to rebates brokered with drug manufacturers. A spokesperson for CVS Health has already come out swinging, stating that any action to limit the use of these negotiating tools would only…

Ozy Media Co-Founder Carlos Watson Accused of Massive Fraud, Hiding Debt, Prosecutor SaysBy Jack QueenLearn how Ozy Media co-founder Carlos Watson allegedly misled investors about the company’s revenue to conceal its overwhelming debt, as a federal prosecutor presents evidence of fraud during his trial in Brooklyn, New York. Find out the impact of falsified financial information on Ozy’s downfall and the legal consequences faced by Watson and his associates.Stay informed about the latest developments in the financial market and understand how fraudulent practices can affect your investments and financial decisions. Trust the experts to guide you through the complexities of…

Title: Peter Schiff Can’t Escape Bitcoin Ad in Istanbul – Is BTC About to Surge Again? As the world’s best investment manager and financial market’s journalist, I can confidently say that Peter Schiff’s encounter with a Bitcoin advertisement in Istanbul is a clear sign that even the biggest critics of BTC can’t escape its influence. Despite Schiff’s long-standing doubts about Bitcoin, the cryptocurrency market is showing signs of stability and potential for another surge. In recent days, Bitcoin has been hovering around the $58,000 mark, with the price fluctuating between $56,000 and $60,000. The technical analysis indicates that Bitcoin has…

Brady Corporation Announces Acquisition of Gravotech Holding for $130 Million USD Brady Corporation (NYSE:BRC), a global leader in industrial and safety printing systems, has entered into a definitive agreement to acquire Gravotech Holding, a French company specializing in engraving materials and marking solutions. The cash purchase price for this acquisition is set at €120 million (approximately $130 million USD). The agreement, which follows a binding Put Option Letter signed in March 2024, is expected to close on August 1, 2024, pending customary working capital adjustments. Brady Corporation will finance the acquisition using cash on hand and borrowings under its existing…

The Best Investment Manager’s Insight: Oil Prices Rise on Strong Refining Activity, Analysts Expect Bullish Trend Ahead By the World’s Best Investment Manager and Financial Market’s Journalist HOUSTON (Multibagger) – Oil prices saw a surge on Wednesday following a significant jump in U.S. refining activity, leading to a larger draw from gasoline and crude inventories than expected. Brent futures climbed 0.7% to $85.25 a barrel, while U.S. West Texas Intermediate (WTI) crude rose by 0.97% to $82.20 a barrel. The unexpected draw in U.S. crude inventories and gasoline stocks, along with minimal damage from Hurricane Beryl, have driven the upward…

"Boeing’s Starliner Capsule: Astronauts Confident Amid Thruster Troubles – What It Means for Your Investments" By Joey Roulette — WASHINGTON (Multibagger) – The first two astronauts to fly Boeing’s (NYSE: BA) Starliner capsule expressed full confidence in the spacecraft’s ability to bring them back home despite a series of thruster issues that have significantly extended their mission. Speaking from the International Space Station (ISS) on Wednesday, NASA astronaut Sunita "Suni" Williams proclaimed, "I have a real good feeling in my heart that this spacecraft will bring us home, no problem." Williams and her colleague Barry "Butch" Wilmore, both seasoned NASA…

Proposed Regulations from CFPB Aim to Protect Borrowers and Investors The U.S. Consumer Financial Protection Bureau (CFPB) has announced proposed regulations that would require mortgage servicers to offer assistance to struggling borrowers before moving to foreclosure. These new rules aim to protect investors from losses caused by borrower defaults, with inspiration drawn from temporary changes made during the COVID-19 pandemic. CFPB Director Rohit Chopra emphasized the importance of providing help to homeowners without unnecessary obstacles, stating that it benefits borrowers, servicers, and the overall economy. If finalized, the regulations would mandate that servicers explore all options for assistance before initiating…

By Patricia Zengerle WASHINGTON (Multibagger) – A group of U.S. senators has called on NATO leaders to address a significant gap in the North Atlantic Treaty during the alliance’s 75th anniversary summit in Washington this week. The treaty, drafted before Hawaii became a state in 1959, currently only covers territories north of the Tropic of Cancer, leaving the Hawaiian archipelago, with its 1.44 million residents, unprotected by Article 5’s commitment to collective self-defense. In a letter to Secretary of State Antony Blinken, senators emphasized the need to clarify that an attack on Hawaii would be considered an attack on all…

Bernstein Analysts Bullish on Bitcoin Mining Companies Leveraging AI Data Centers for Growth Bernstein analysts have identified two under-the-radar Bitcoin mining companies, Iris Energy (IREN) and Core Scientific (CORZ), as potential winners in the evolving market landscape. In a recent note, the firm initiated coverage on these companies with Outperform ratings, citing their strategic shift towards housing artificial intelligence (AI) data centers. The analysts point to the miners’ hybrid business model, which leverages their existing Bitcoin mining infrastructure to support AI data centers. Recent deals, such as CORZ’s $4.7 billion co-hosting agreement with Coreweave, demonstrate the companies’ commitment to this…