Author: Multibagger News

Is Senator Warner Trying to Pressure Biden to Quit Presidential Race? Senator Warner, a respected moderate from Virginia, is reportedly attempting to organize a group of Democratic senators to ask Biden to end his campaign. The Washington Post broke the story on Friday, sparking speculation about the potential impact on the race. As an investment manager and financial market journalist, this news could have significant implications for the upcoming election. If Biden were to drop out, it could shake up the political landscape and potentially impact financial markets. Investors should keep a close eye on developments and be prepared to…

Title: Bitcoin Witnesses Crazy $624 Million Mystery: What Happened? As the world’s best investment manager and financial market’s journalist, I bring you the latest update on the crypto market’s second largest liquidation event, wiping out almost $700 million in long orders overnight. Bitcoin’s price plunge below $54,000 has triggered a cascade effect, further destabilizing the market. Large liquidations not only depress prices but also trigger investor panic, exacerbating the sell-off and leading to more liquidations. Experts predict a slower recovery this time. Amidst this chaos, a jaw-dropping transfer of 11,302 BTC worth $624 million has raised eyebrows, adding to investor…

In a significant move, renowned investor Mario J. Gabelli, chairman of GAMCO Investors, Inc., has increased his ownership in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by acquiring additional shares worth $21.1K on July 3, 2024. This transaction involved the purchase of 500 shares at $42.2945 each, reinforcing Gabelli’s confidence in the company’s performance. Atlanta Braves Holdings, Inc. operates in the amusement and recreation services industry and has garnered investor attention. Gabelli’s purchase, along with holdings of related entities, sheds light on strategic moves by significant shareholders in the company. Recent disclosures from Atlanta Braves Holdings, Inc. include the re-election of a…

Investing.com: S&P 500 Hits Record High Amid Speculation of Fed Rate Cuts After Jobs Report The S&P 500 closed at a record high on Friday as investors anticipate Federal Reserve rate cuts following the June jobs report, which indicated a cooling labor market. At 15:43 ET, the S&P gained 0.5% to reach a record high of 5,566.75. Treasury yields dropped after the June jobs report showed a decrease in job additions, along with downward revisions to previous months. The unemployment rate also rose to 4.1%, strengthening the case for a September rate cut. Meta Platforms Inc led the rise in…

Walmart Wins Legal Battle: U.S. Judge Dismisses FTC’s Central Claim in Scam Artist Lawsuit By Jonathan Stempel NEW YORK (Multibagger) – In a significant legal victory for Walmart Inc. (NYSE: WMT), a U.S. District Judge has dismissed a pivotal claim in the Federal Trade Commission’s (FTC) lawsuit alleging that the retail giant ignored fraudulent activities conducted through its money transfer services. Key Highlights: Judge’s Ruling: U.S. District Judge Manish Shah in Chicago ruled against the FTC’s claim for monetary damages, citing insufficient evidence that Walmart knowingly ignored warning signs of fraud. Legal Context: The dismissed claim was based on the…

Best Investment Manager Reveals: Britain’s New Prime Minister Pledges to Rebuild Country After Landmark Election Win In a stunning turn of events, Keir Starmer, the new Prime Minister of Britain, has vowed to use his massive electoral majority to rebuild the nation after years of upheaval and strife. This landmark victory for the centre-left Labour party has sent shockwaves through the financial markets and political landscape. With a historic landslide victory in the parliamentary election, Starmer’s government is poised to bring about significant changes to the country’s economic and political landscape. The resignation of Rishi Sunak, the former Conservative leader,…

By David Swanson If you’re looking for hot investment opportunities, look no further than the scorching temperatures dominating the U.S. West Coast, Southeast, and Middle Atlantic seaboard this July Fourth holiday weekend. With around 108 million Americans under excessive heat advisories, record-breaking temperatures are forecasted for California, southern Oregon, and the Southwest. The West Coast will sizzle 15 to 30 degrees above average, with some areas hitting 110 Fahrenheit (43 Celsius) on Friday. From Phoenix to Washington D.C. to Palm Springs, temperatures will soar, creating a dangerous situation for those without access to adequate cooling. But what does this mean…

MicroStrategy Chairman Michael Saylor Affirms Bitcoin’s Value Amid Market Volatility In response to the recent price slump in the cryptocurrency market, Michael Saylor, Chairman of MicroStrategy, made a strong statement that has captured the attention of the crypto community. Despite Bitcoin’s price falling below $56,000 and experiencing a four-day decline, Saylor reiterated his belief in Bitcoin’s enduring value by stating, “1 BTC to 1 BTC.” This decline in Bitcoin’s price has brought the digital asset close to levels last seen in February, with the largest cryptocurrency sinking to an intraday low of $53,499 before partially recovering to trade at $55,780.…

Breaking News: Ginkgo Bioworks Holdings, Inc. Executive Sells Shares to Cover Tax Obligations Amid Company Restructuring In a recent transaction, Steven P. Coen, the Chief Accounting Officer of Ginkgo Bioworks Holdings, Inc. (NYSE: DNA), sold shares of the company’s stock to cover tax withholding obligations. The sale involved 13,520 shares at a price of $0.326 per share, totaling approximately $4,407. This move was necessary to meet the tax liability associated with the vesting of restricted stock units (RSUs) as part of the company’s equity incentive plans. Ginkgo Bioworks allows employees to satisfy their tax withholding requirements through a “sell to…

Chase Bank’s New Warning: Prepare for Account Fees Amid Sweeping Regulatory Changes SEO Keywords: Chase Bank account fees, financial regulations, overdraft fees, Marianne Lake, JPMorgan Chase, Consumer Financial Protection Bureau, banking costs In a recent revelation that could reshape the landscape of personal banking, Chase Bank’s head, Marianne Lake, has issued a stark warning to customers: prepare to pay for bank accounts. New Financial Regulations: The Catalyst for Change According to an exclusive report from The Wall Street Journal on Friday, Lake has indicated that impending financial regulations could drastically increase everyday banking costs for Americans. These regulations, spearheaded by…