Author: Multibagger News

Blackstone Inc. Director Sells $14 Million Worth of Stock in Insider Transaction Blackstone Inc. (NYSE:BX) Director Joseph Baratta has recently sold 116,448 shares of company stock, totaling over $14 million, according to a recent SEC filing. The sale, conducted on July 3, 2024, at a weighted average price of $123 per share, raises questions about the company’s future prospects. Baratta’s sale was executed under a pre-established trading plan, Rule 10b5-1, which allows insiders to sell shares at predetermined times to avoid accusations of trading on nonpublic information. Despite the significant divestment, Baratta still holds 921,184 shares, maintaining a strong equity…

As the world’s best investment manager and financial market journalist, I am here to bring you the latest news on former President Donald Trump’s distancing from Project 2025, a conservative group’s ambitious plans for the next Republican presidency. Trump took to his Truth Social platform to renounce any connection with the project, stating that he knew nothing about it and disagreed with some of its assertions. The controversy surrounding Project 2025 stems from Heritage Foundation president Kevin Roberts’ comments about a second American Revolution, which many viewed as a veiled threat of violence. Despite the backlash, Roberts reiterated that Americans…

Corsair Gaming CFO Sells Stock: What Does It Mean for Investors?Discover the latest insider transaction at Corsair Gaming, Inc. (NASDAQ:CRSR) involving Chief Financial Officer Michael G. Potter. Get the scoop on the recent sale of 1,947 shares and what it means for the company’s future. Find out how this news ties into Corsair Gaming’s Q1 2024 earnings call and their plans for growth in the gaming market. As an investment manager, journalist, and SEO mastermind, I break down the implications of insider transactions for the average investor. Stay informed and make better financial decisions by understanding the latest news and…

Investing Insight: Biden Support Among Democrats Drops to 86% in Latest Poll – Wall Street Journal Analysis In a recent Wall Street Journal poll, 86% of Democrats indicated they would vote for U.S. President Joe Biden in a hypothetical match-up against former President Donald Trump. This figure is a decrease from the 93% of Democrats who expressed support for Biden back in February. The poll, conducted with 1,500 registered voters from June 29 to July 2, has a margin of error of plus or minus 2.5 percentage points for the entire sample. As the world’s best investment manager and financial…

Insider Trading Alert: Tilly’s Director Sells $107K Worth of Stock – What Does This Mean for Investors? In a recent transaction, Janet Kerr, a director of Tilly’s, Inc. (NYSE: TLYS), sold 20,000 shares of the company’s Class A Common Stock. The sale was executed at a weighted average price of $5.3771 per share, totaling over $107,542. This sale was conducted in accordance with a 10b5-1 trading plan that Kerr had adopted earlier in the year to avoid accusations of insider trading. Following the sale, Kerr still owns 28,996 shares of Tilly’s Class A Common Stock directly. Investors often watch insider…

Title: Talen Energy Defends Amazon Data Center Deal Amid Utility Opposition – How It Impacts Your Power Bills By Laila Kearney NEW YORK (Multibagger) – Talen Energy has requested U.S. regulators to dismiss objections against its recent deal with Amazon (NASDAQ: AMZN) for a data center, as some electric utility companies argue that the agreement might lead to higher power costs for the general public, according to a filing made on Friday. Talen countered the challenge from utilities, including American Electric Power (NASDAQ: AEP) and Exelon (NASDAQ: EXC), stating that their objections are unfounded. Talen emphasized that the interconnection agreement…

Breaking News: Senator Mark Warner Urges Biden to Exit Presidential Race After Debate Performance In a bold move, U.S. Senator Mark Warner is rallying Democratic senators to push Joe Biden to step down from the presidential race following his lackluster debate performance. The Washington Post reports this development, shedding light on the behind-the-scenes efforts to shake up the election landscape. Despite facing mounting pressure, Biden has stood firm in his decision to continue his campaign amidst the turmoil. Warner has yet to publicly address Biden’s debate showing against his Republican adversary, former President Donald Trump. Notably, no Democratic senator currently…

Arista Networks CEO Sells Shares Worth $299,355: What Does It Mean for Investors? Arista Networks, Inc. (NYSE:) President and CEO, Jayshree Ullal, recently sold a portion of her company holdings, totaling approximately $299,355. The sales occurred on July 2, 2024, with share prices ranging from $357.01 to $361.99. Ullal’s transactions included selling 836 shares at a weighted average price of $357.01, 456 shares at $358.33, 83 shares at $359.00, and 25 shares at $361.99 each. Additionally, she exercised options to acquire 836 shares at a significantly lower price of $56.585 per share. These transactions were part of a prearranged 10b5-1…

As the World’s Best Investment Manager, Market Journalist, and SEO Mastermind, I am here to provide you with the most optimized content on next week’s inflation data and its potential impact on the Federal Reserve’s decision-making process. According to Jefferies, the upcoming CPI data could pave the way for a rate cut in September, as recent economic indicators have sparked the Fed’s interest in adjusting monetary policy. Jefferies predicts that if the CPI data comes in as expected, showing a cooler trend, the Fed may signal a rate cut at the September meeting. Economists anticipate a 0.2% rise in June’s…

By Brendan Pierson The Kansas Supreme Court has made a landmark decision, permanently barring the state from enforcing a law that banned the most common second-trimester abortion procedure. This ruling, which was made in a 5-1 vote, upholds the right to abortion under the state constitution, as recognized by the court in 2019. The law, passed in 2015, prohibited a procedure known as dilation and extraction, with only a narrow exception for medical emergencies. However, a group of abortion providers challenged the law, arguing that the state constitution guaranteed a right to abortion. The court’s 2019 ruling agreed with the…