Author: Multibagger News

VinFast’s $4 Billion Factory Delay and Delivery Cuts: What It Means for Investors and the EV Market By Phuong Nguyen HANOI (Multibagger) – Vietnamese electric vehicle (EV) maker VinFast (NASDAQ:) has announced a significant delay in the launch of its planned $4 billion factory in North Carolina, now slated for 2028. This decision comes amid ongoing uncertainties in the global EV market, prompting the company to also reduce its delivery forecast for this year by 20,000 units. Key Highlights: Delivery Forecast Adjustment: VinFast originally planned to deliver 100,000 vehicles in 2024. This forecast has now been adjusted to 80,000 units…

The Impact of Tennessee’s Birth Certificate Policy on Transgender Rights | Investment Manager Insights By Nate Raymond A divided federal appeals court on Friday rejected a constitutional challenge to Tennessee’s decades-old policy of not allowing people born in the state to amend their birth certificates to reflect their gender identity. A 2-1 panel of the 6th U.S. Circuit Court of Appeals held that the U.S. Constitution did not require the Republican-led state to change the biological sex listed on the birth certificates of four transgender women born in Tennessee. The state is among only a handful nationally that categorically bars…

Abdiel Capital Advisors, LP and its affiliated funds have recently boosted their investment in APPIAN CORP (NASDAQ:APPN) with purchases totaling $18.1 million. These strategic transactions made between July 10 and July 12, 2024, signify the investment firm’s growing interest in the software company. Colin T. Moran, the managing member of Abdiel entities, made these purchases at prices ranging from $32.56 to $33.75 per share. The acquisitions were made by Abdiel Capital Advisors, LP, Abdiel Qualified Master Fund LP, and other affiliated entities, demonstrating a strong vote of confidence in Appian’s future. The detailed breakdown of the transactions shows purchases at…

Hyundai Motor Seals 4.65% Wage Increase Deal, Averting Strike in South Korea SEOUL (Multibagger) – Hyundai Motor (OTC:) and its union representing South Korean workers have successfully negotiated a wage increase that will boost annual pay by approximately 4.65%. This significant agreement prevents a potential strike at Hyundai’s largest manufacturing hub. The union, one of South Korea’s largest with over 43,000 members, announced on Saturday that 58.93% of its voting members approved the tentative wage agreement reached earlier this week. The last strike by Hyundai Motor workers in South Korea, the world’s third-largest automaker in conjunction with its affiliate Kia…

North Korea Strongly Denounces NATO Declaration at Washington Summit In a bold statement, North Korea’s foreign ministry spokesperson condemned the recent NATO summit declaration, calling it a threat to global peace and security. The declaration, made at the summit in Washington, emphasized Ukraine’s membership pledge and took a firm stance against China’s support for Russia. According to KCNA, North Korea’s state media, the “Washington Summit Declaration” highlights the U.S. and NATO as tools of confrontation, posing a serious threat to international stability. The statement criticized the expansion of military blocs with NATO countries and Asian partners, including South Korea and…

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Reports Transactions, Including Stock Sales and Conversions ThredUp Inc. (NASDAQ:TDUP) director Patricia Nakache recently reported a series of transactions involving acquisitions and disposals of the company’s Class A common stock, according to a recent SEC filing. The transactions, which took place between July 10 and July 12, 2024, included the sale of Non-Derivative securities totaling $325,111 at prices ranging from $1.77 to $1.78 per share. Additionally, the filing disclosed the conversion of Class B common stock into Class A common stock with no additional consideration. Nakache, a Management Member of Trinity Ventures X, L.P.,…

Billionaire Mario Gabelli Challenges Skydance-Paramount Merger: What You Need to Know By Dawn Chmielewski (Multibagger) – In a bold move, billionaire investor Mario Gabelli’s investment firm has raised questions about the valuation of National Amusements assets, suggesting a potential challenge to the landmark merger between Skydance Media and Paramount Global. Key Details of the Skydance-Paramount Deal On Sunday, Skydance Media and Paramount Global announced a merger that involves Skydance acquiring the Redstone family’s holding company, National Amusements. This transaction would give Skydance control over Paramount, a significant player in the entertainment industry. Gabelli Funds, which holds nearly 4.9 million Class-A…

Investors Face Dilemma as U.S. Interest Rate Cuts Loom – Tech Stocks or Market Shift? As the prospect of U.S. interest rate cuts looms, investors are at a crossroads: stick with the tried and true Big Tech stocks or explore other areas of the market that could benefit from easing monetary policy. Tech giants like Nvidia, Microsoft, and Amazon have been driving significant returns since early 2023, reminiscent of the dot-com bubble era. However, with expectations of a rate cut following a cool inflation report, the market dynamics may be shifting. The recent market action has shown signs of a…

Discover the shocking truth behind the murder of Ecuadorian presidential candidate Fernando Villavicencio! A court in Ecuador has sentenced five individuals to prison terms ranging from 12 to 34 years for their involvement in the heinous crime. Journalist and former legislator Villavicencio was brutally shot while leaving a rally in August 2023, sending shockwaves through the country. The court’s ruling, delivered by Judge Milton Maroto, can be challenged by both the prosecution and the defense. The trial commenced in June and has finally reached a verdict. Authorities have linked some of the defendants to the notorious Los Lobos crime gang,…

Leonard M. Tannenbaum Makes $1.49 Million Investment in Sunrise Realty Trust, Inc. (NYSE:SUNS) – Insider Transactions Revealed! Leonard M. Tannenbaum, the Executive Chairman of Sunrise Realty Trust, Inc. (NYSE:SUNS), has recently made a substantial investment in the company’s stock, purchasing shares valued at approximately $1.49 million. These transactions, which occurred on July 10 and July 11, 2024, demonstrate a significant show of confidence in the real estate investment trust by one of its top executives. The shares were acquired in multiple transactions at prices ranging from $8.73 to $11.49. Tannenbaum purchased 10,000 shares at $8.73 each on July 10, and…