Author: Multibagger News

Breaking News: Driver Under Influence Kills 3, Injures 7 in Lower Manhattan Park – Invest Wisely Now! By Brendan O’Brien (Multibagger) – A driver suspected of being under the influence of alcohol was in custody on Friday after his pickup truck plowed into a crowd celebrating the Fourth of July in a Lower Manhattan park, killing three and injuring seven others, authorities said. The man, who was driving a Ford (NYSE:) F-150, sped through a stop sign at about 9 p.m. on Thursday and on to a sidewalk, striking people gathered in Corlears Hook Park on the Lower East Side,…

Braden Michael Leonard Increases Stake in Aclaris Therapeutics (NASDAQ:ACRS) by Over $405,000 – InvestingPro Insights Braden Michael Leonard, a significant shareholder of Aclaris Therapeutics, Inc. (NASDAQ:ACRS), has recently increased his stake in the company with purchases totaling over $405,000. These transactions, spread over several days, demonstrate Leonard’s confidence in the pharmaceutical company. On July 2, 2024, Leonard acquired 86,092 shares at an average price of $1.144 per share. This was followed by a larger purchase on July 3, 2024, where he bought 143,288 shares at an average price of $1.159 each. The buying spree continued on July 5, 2024, with…

Investing.com – Dive into Wells Fargo’s midyear economic and market outlook for 2024 as they recalibrate expectations for the next 18 months. Discover the impact of artificial intelligence (AI), Federal Reserve rate cuts, declining inflation, and durable earnings growth on the market momentum. Midyear Outlook Recap for Investors Explore the trends in inflation, interest rates, and asset prices driven by government stimulus packages and the federal budget deficit. Gain insights into geopolitical tensions affecting global markets and the performance of equities in different sectors. Equities Forecast for 2024 Learn which equities are expected to perform well this year and the…

Urgent Call to Action: Business Leaders Urge President Biden to Withdraw from 2024 Election Amid Trump Threats In a dramatic turn of events, a coalition of prominent business and civic leaders has penned a letter to President Joe Biden, urging him to reconsider his bid for reelection in the face of mounting challenges posed by his Republican adversary, Donald Trump. This plea, reported by the Washington Post, highlights the intricate balance between political legacy and national stability, as Biden’s 2024 campaign hangs in the balance. Key Highlights: Leadership Now Project’s Letter: On Friday, the Leadership Now Project, comprising 168 influential…

Canada’s Unemployment Rate Hits 29-Month High, Sparks Rate Cut Bets – Analysis and Breakdown Promit Mukherjee and Ismail Shakil reported that Canada’s unemployment rate surged to 6.4%, the highest in 29 months. This alarming data suggests that the labor market is struggling to accommodate a rapidly growing population, leading to job losses. The youth unemployment rate also reached a decade high, signaling potential recession risks. Notably, the Bank of Canada may cut rates following the release of this report, with market expectations increasing to 56%. Chief economist Doug Porter highlighted the significant rise in the jobless rate since January last…

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…