Author: Multibagger News

Former Sezzle Inc. Director Sells $1M Worth of Stock, What Does This Mean for Investors? In a recent insider transaction, Paul Martin Purcell, a former director of Sezzle Inc. (NYSE:SEZL), sold 12,100 shares of the company’s common stock at a price of $89.6058 per share, totaling $1,084,230. This sale has raised questions among investors and market analysts about the company’s performance and the confidence level of its executives. Sezzle Inc., a financial technology company based in Minneapolis, Minnesota, is known for its “buy now, pay later” model, which has become popular among consumers. The recent sale by Purcell has adjusted…

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Title: EU Surveys Semiconductor Industry on China’s Legacy Chip Expansion Amid Rising Trade Tensions By [Your Name], World’s Leading Investment Manager & Financial Markets Journalist — EU Investigates China’s Semiconductor Surge: What It Means for Global Markets and Your Investments In a strategic move to safeguard its industries, the European Commission has started gathering insights from the semiconductor sector regarding China’s increased production of legacy computer chips. Two well-placed sources have confirmed this development to Multibagger. Background and Purpose of the Surveys The Commission, acting as the EU’s executive branch, is preparing for two comprehensive surveys targeting the chip industry…

Glencore’s $6.93 Billion Acquisition of Teck Resources’ Steelmaking Coal Unit Approved by Canadian Government with Strict Conditions By Divya Rajagopal, Surbhi Misra, and Mrinmay Dey The Canadian government has given the green light to Glencore’s $6.93 billion takeover of miner Teck Resources’ steelmaking coal unit, but with stringent conditions aimed at safeguarding jobs, according to the country’s industry minister. In order to secure approval for the deal, Glencore has agreed to keep Elk Valley Resources (EVR) headquartered in Canada for at least a decade, ensure that a majority of EVR’s directors are Canadian, and maintain substantial employment levels at EVR…

Bitcoin Plunges to $54,300, Causing $662.62 Million in Liquidations – Michael Saylor Defends BTC Independence while Peter Schiff Warns of Further Declines As the world’s top investment manager and financial market journalist, I bring you the latest news on Bitcoin’s price plunge to $54,300, resulting in liquidations totaling over $662.62 million. In the face of this decline, Michael Saylor, CEO of MicroStrategy and a prominent BTC advocate, has taken to social media to express his unwavering support for Bitcoin, emphasizing its significance as a symbol of independence, strategically timed for U.S. Independence Day on July 4. However, Peter Schiff, a…

Recently, Addentax Group Corp. (NASDAQ:ATXG), a company specializing in mailing, reproduction, commercial art, and photography services, made a significant financial move by amending the terms of its outstanding senior secured convertible note. The amendment extends the maturity date of the note by one year, providing the company with additional time to manage its financial obligations. The note, initially issued on January 4, 2023, had an original principal amount of $16,666,666.66 and was held by accredited investors. The extension of the maturity date reflects Addentax Group’s strategic decision to restructure its short-term debt obligations and alleviate immediate financial pressure. Market watchers…

Breaking News: U.S. Job Growth Slows in June, Signaling Cooling Labor Market Demand In a surprising turn of events, the U.S. economy added more jobs than expected in June, but the figure was lower than the previous month, indicating a potential slowdown in labor demand. According to Labor Department data, nonfarm payrolls came in at 206,000 last month, down from 218,000 in May. The May reading was also revised down significantly from an initial mark of 272,000. Economists had predicted the June number to be around 191,000, but the actual figure exceeded expectations. Despite the slight rise in nonfarm payrolls,…

Amazon Under EU Scrutiny: Compliance with Digital Services Act in Question BRUSSELS (Multibagger) – In a significant development that could reshape the landscape of e-commerce, the European Commission has called upon Amazon (NASDAQ: AMZN) to furnish detailed information regarding its adherence to the Digital Services Act (DSA). This move underscores the EU’s commitment to enforcing transparency and accountability among major tech firms. Key Points: EU’s Request for Transparency: The European Commission is particularly interested in the transparency of Amazon’s recommender systems, which play a crucial role in shaping consumer choices on the platform. Deadline for Compliance: Amazon has been given…

As the world’s premier investment manager and financial market journalist, I bring you breaking news on the alarming increase in cryptocurrency theft. According to the latest report from blockchain researchers TRM Labs, the amount of cryptocurrency stolen in hacks globally has more than doubled in the first six months of 2024 compared to the same period in 2023. This surge in theft is driven by a combination of large-scale attacks and the soaring prices of cryptocurrencies. By June 24, 2024, hackers had managed to steal over $1.38 billion worth of crypto, a significant jump from the $657 million stolen in…

By Nidal al-Mughrabi, Mohammad Salem and Maayan Lubell Efforts to secure a ceasefire and hostage release in Gaza were gathering momentum on Friday after Hamas made a revised proposal on the terms of a deal and Israel said it would resume stalled negotiations. Israeli Prime Minister Benjamin Netanyahu told U.S. President Joe Biden on Thursday he would send a delegation to resume negotiations, and an Israeli official said his country’s team would be led by the head of the Mossad intelligence agency. A source in Israel’s negotiating team, speaking on condition of anonymity, said there was now a real chance…