Author: Multibagger News

Granite REIT to Dissolve Stapled Unit Structure: What Investors Need to Know Granite Real Estate Investment Trust (REIT) and Granite REIT Inc. have announced plans to dissolve their current stapled unit structure. This move, detailed in a recent filing with the United States Securities and Exchange Commission, is set to take effect in September 2024. The decision to streamline operations by separating the REIT and its subsidiary has implications for investors and stakeholders. Teresa Neto, the CFO of both entities, signed off on the filing, emphasizing the financial significance of this corporate maneuver. Granite REIT’s commitment to transparency is evident…

In the world of financial markets, oil prices were relatively stable in early Asian trading on Friday, but are poised to finish the week on a positive note. This comes after a significant reduction in U.S. interest rates and a decrease in global oil stockpiles. At the moment, Brent futures are down 0.3% at $73.69 a barrel, while WTI is up 6 cents at $72.01 a barrel. Despite this slight dip, both benchmarks have seen gains of 4.3% and 4.8% respectively for the week. After hitting near three-year lows on September 10, oil prices have been on the rebound, with…

Disney Animation Studios Appoints Jared Bush as New Chief Creative Officer: What This Leadership Change Means for Investors (Multibagger) – Walt Disney Animation Studios (NYSE: DIS) has announced a pivotal leadership change, appointing Academy Award-winning filmmaker Jared Bush as its new Chief Creative Officer, effective immediately. Bush, the creative genius behind blockbuster hits such as "Encanto," "Zootopia," and the original Oscar-nominated "Moana," succeeds Jennifer Lee, who will now focus on directing and writing for the immensely popular "Frozen" franchise. Lee, who joined Disney in 2011 and has served as CCO since 2018, will direct "Frozen 3" and co-write "Frozen 4"…

China Stuns Markets by Holding LPR Rates Steady Despite Fed Rate Cut In a surprising move, China decided to keep its benchmark lending rates unchanged at the monthly fixing, defying expectations set by the Federal Reserve’s recent interest rate cut. The one-year loan prime rate (LPR) remains at 3.35%, while the five-year LPR holds steady at 3.85%. A recent Multibagger survey of 39 market participants revealed that the majority had anticipated a cut in both rates, with 69% expecting a reduction. Most new and existing loans in China are tied to the one-year LPR, while the five-year rate impacts mortgage…

The Shocking Incident in Rural Kentucky: Sheriff Arrested for Killing District Court Judge In a stunning turn of events, Letcher County Sheriff Mickey Stines, 43, was arrested for the shooting death of District Judge Kevin Mullins, 54, inside the courthouse. The motive behind the tragic incident remains unclear, but Stines has been charged with first-degree murder. Kentucky Governor Andy Beshear expressed his dismay at the violence, calling for a better tomorrow. Attorney General Russell Coleman vowed to seek justice, collaborating with special prosecutors on the case. The Kentucky Court of Justice pledged full support to state police in their investigation.…

NETSTREIT Corp. Announces Executive Change Amidst Market Dynamics – What Investors Need to Know In a recent SEC filing, NETSTREIT Corp., a leading real estate investment trust based in Dallas, reported a significant executive change. Patricia Gibbs, the Senior Vice President and Chief Accounting Officer, has announced her resignation to pursue another opportunity, effective October 11, 2024. The company assured stakeholders that her departure is not due to any financial disagreements. Gibbs, who has been the principal accounting officer, will continue her duties until the departure date. NETSTREIT Corp. will conduct a national search to find a suitable replacement. In…

CEE Holdings Trust Boosts Stake in System1, Inc. (NYSE:SST) – What This Means for Investors CEE Holdings Trust Increases Investment in System1, Inc. On September 16, 2024, CEE Holdings Trust, a significant shareholder in System1, Inc. (NYSE:SST), made a strategic move by purchasing an additional 8,412 shares of System1’s Class A Common Stock at a weighted average price of $1.24 per share, totaling roughly $10,430. This transaction, executed through multiple trades with prices ranging from $1.23 to $1.25 per share, now brings CEE Holdings Trust’s total ownership to 8,768,056 shares. This acquisition underscores CEE Holdings Trust’s sustained confidence in System1,…

Japanese Consumer Price Index Inflation Rises as Expected in August – What It Means for Investors As the world’s best investment manager, I am here to provide you with the latest update on Japanese consumer price index inflation. In August, inflation rose as expected, driven by a sustained increase in consumption due to higher wages. This news comes just before a crucial Bank of Japan meeting later today. The core inflation rate, which excludes volatile fresh food prices, rose by 2.8% year-on-year to a 10-month high in August, in line with expectations. The core reading, excluding fresh food and energy…

Investigation into Taiwanese Pager Company Linked to Hezbollah Attack Raises Concerns In a shocking turn of events, the president and founder of a Taiwanese pager company, Gold Apollo, has been questioned by prosecutors in connection to the detonation of thousands of pagers targeting Hezbollah in Lebanon. Hsu Ching-kuang, the key figure in this investigation, has denied any involvement in manufacturing the devices used in the attack, claiming they were made by a Budapest-based company called BAC under license. However, images of destroyed pagers analyzed by Multibagger suggest a possible connection to Gold Apollo, raising suspicions about the company’s role in…

As the World’s Best Investment Manager and Financial Market Journalist, I Bring You the Latest on California’s AI Regulations – SB 1047 and More! California Governor Gavin Newsom is currently reviewing 38 AI-related bills, including the controversial SB 1047, which could have far-reaching implications for the state’s AI industry. These bills cover a range of issues from deepfake nudes to AI-generated political advertisements. In a press release, Governor Newsom’s office highlighted California’s position as a hub for leading AI companies and its efforts to harness AI technologies while addressing the risks they pose. Among the bills already signed into law…