Author: Multibagger News

SINTX Technologies, Inc. (NASDAQ:), a leading company in surgical and medical instruments, has made a significant announcement regarding the termination of its at-the-market (ATM) equity offering as of March 22, 2024. This decision comes after the company had previously entered into an Equity Distribution Agreement with Maxim Group LLC in February 2021, with subsequent amendments in January and October 2023, allowing for the sale of common stock up to $15 million. The Salt Lake City-based company, incorporated in Delaware, registered sales under the ATM Agreement for an aggregate offering price of $3,115,475. These shares will be sold in accordance with…

The Ultimate Guide to Investing: US Stocks Fall Despite Cooling Inflation Data In a surprising turn of events, US stocks fell on Thursday, despite cooling inflation data that pointed to a potential slowdown in the US economy. The S&P 500 retreated from its record-setting level to close at 5,584.54, while the Dow Jones Industrial Average also saw a decline, ending at 18,283.41. On the other hand, the Nasdaq edged up slightly, closing at 39,753.75. Small-cap stocks experienced a significant rally, fueled by expectations of a Federal Reserve rate cut in September and hopes for an economic soft landing. Following the…

Culper Research Exposes Potential Overvaluation of Iris Energy Ltd: What Investors Need to Know In a recent research note released on Thursday, Culper Research has raised significant concerns about Iris Energy Ltd (NASDAQ: IREN), a company that originally specialized in bitcoin mining but is now attempting to rebrand itself as a high-performance computing (HPC) data center operator. Superficial Rebranding? Culper Research contends that Iris Energy’s shift towards HPC is more cosmetic than substantial. Their analysis suggests that the company lacks the necessary infrastructure and expertise to thrive in this new field without considerable additional investment. Facility Inadequacies A critical examination…

Republican Senators raised doubts about Christy Goldsmith Romero’s qualifications to lead the FDIC, but did not indicate a strong opposition during a recent hearing. Goldsmith Romero, a Democratic member of the Commodity Futures Trading Commission, has been nominated by President Biden to replace Martin Gruenberg, who is stepping down amid misconduct allegations. During the hearing, Goldsmith Romero defended her experience and vowed to overhaul the FDIC. She also expressed willingness to reconsider proposed bank capital hikes, which could benefit banks seeking changes to the regulations. The FDIC plays a crucial role in overseeing banks and setting new rules for the…

Actor George Clooney Urges President Biden to Withdraw from 2024 Presidential Race – Hollywood’s Growing Concerns In a recent New York Times op-ed, actor George Clooney called for President Joe Biden to step back from the 2024 presidential race, citing concerns about his age and ability to lead effectively. Clooney’s remarks have sparked a debate within the Democratic Party, with other Hollywood elites expressing similar doubts about Biden’s candidacy. Clooney pointed out that he noticed a significant difference in Biden’s energy and charisma compared to previous years, raising questions about his viability as a candidate. Other prominent figures like Michael…

Jeff Bezos Sells $452 Million Worth of Amazon Shares – What Does This Mean for Investors? In recent filings, Amazon.com Inc’s Executive Chair, Jeffrey P. Bezos, has sold a substantial number of shares in the company, totaling over $452 million. These transactions were part of a prearranged trading plan and were disclosed in a Form 4 filing with the Securities and Exchange Commission. Investors often look at insider trades like these to gauge confidence in a company’s future prospects. While the reasons for such sales vary, they provide insight into the company’s financial health and potential investment value. Despite the…

Breaking News: Rosenblatt Raises Broadcom (NASDAQ: AVGO) Price Target to $2,400 Ahead of Stock Split Rosenblatt has just raised its price target on Broadcom (NASDAQ: AVGO) to an impressive $2,400 from $1,650, setting a new Street target high for the stock. This bullish upgrade comes just in time before Broadcom’s 10-for-1 stock split next week. “We are rolling out FY26 estimates that support high-teens sales growth and $75 Non-GAAP EPS, driven by continued AI infrastructure networking/ASIC momentum and improved synergies in enterprise software,” stated Rosenblatt, showcasing confidence in Broadcom’s future performance. Furthermore, the firm praised Broadcom’s execution, highlighting its “remarkable…

By Fabian Cambero SANTIAGO (Multibagger) – Copper output at Chile state mining giant Codelco is still slumping after hitting a 25-year low last year, squeezing an already tight global market for the red metal that is in growing demand for electric vehicles and the green energy revolution. After years of sliding production at the world’s top producer, Codelco is behind target for production in 2024, and analysts say it faces an uphill battle to make up lost ground with a second-half turnaround. Delays at key mines, accidents and management missteps were behind much of last year’s slump that exacerbated a…

Bank7 Corp Shatters Q2 Records: Unveiling Financial Mastery and Future Prospects Bank7 Corp. (NASDAQ: BSVN) has once again demonstrated its financial prowess by reporting record-breaking profits in its second-quarter earnings. The company’s success is attributed to a balance sheet meticulously aligned with its financial strategies, a robust net interest margin (NIM), stringent cost management, and an impressively low efficiency ratio. Despite facing a flat loan book and delayed loan fundings, Bank7 maintained formidable liquidity, bolstered by a historically high cash position and substantial lines of credit. The decline in deposits was primarily due to the disbursement of a significant bankruptcy…

Breaking News: U.S. Inflation Slows in June, Pointing to Cooling Pricing Pressures As the world’s best investment manager and financial market’s journalist, I am thrilled to report that U.S. inflation has slowed marginally in June on an annual basis. The latest data from the Bureau of Labor Statistics (BLS) shows that the U.S. consumer price index rose 3.0% in June, slightly below economists’ expectations. Additionally, the core reading, which excludes volatile items like food and energy, also showed a slight slowdown. This news is significant for investors and the Federal Reserve, as it indicates a cooling of pricing pressures. Analysts…