Author: Multibagger News

The Russian Navy’s Black Sea Fleet Forced to Retreat from Crimea, Ukraine’s Navy Chief Reveals By Tom Balmforth In a rare interview in Odesa, Ukraine’s navy chief, Vice-Admiral Oleksiy Neizhpapa, disclosed that Ukrainian missile and naval drone strikes have severely damaged the Russian navy’s main hub in Sevastopol, Crimea. As a result, the Russian navy has been forced to relocate its combat-ready warships from Crimea to Novorossiisk and the Sea of Azov. This strategic shift comes after more than 28 months of conflict between Ukraine and Russia, with Ukraine using uncrewed naval boats and missiles to target Russian vessels and…

Breaking News: Bitcoin Whale Awakens After 13 Years, Making a 400179% Profit! In a surprising turn of events, a long-dormant Bitcoin address containing 48 BTC, valued at $2.57 million, has been activated after 13 years of inactivity. This address originally received the coins when Bitcoin was priced at just $13.7 per BTC, resulting in an astonishing 400179% gain. The reactivation of such long-dormant addresses often raises concerns among market participants, as it could indicate that the holders are preparing to liquidate their assets. This could potentially flood the market with significant amounts of Bitcoin, leading to increased selling pressure. This…

Exclusive: Six Flags Announces Major Executive Changes Post-Merger with Cedar Fair In a groundbreaking SEC filing, Six Flags Entertainment Corporation/NEW (NYSE:FUN) reveals significant leadership shake-ups following its recent merger with Cedar Fair (NYSE:). Selim Bassoul takes the reins as Executive Chairman, with a lucrative compensation package that includes a $1.55 million base salary, a 150% target bonus, and $1.5 million in restricted stock. The merger also involves unique arrangements for key officers, setting the stage for a new era of growth and innovation in the amusement park industry. Bassoul’s employment agreement, effective July 1, 2024, outlines generous severance benefits in…

NYU Settles Landmark Antisemitism Lawsuit: What It Means for University Campuses and Your Investments By Jonathan Stempel NEW YORK (Multibagger) – In a significant legal development, New York University (NYU) has settled a lawsuit filed by Jewish students alleging the institution failed to address antisemitism on campus. The terms of the settlement, reached on Monday, remain undisclosed. A scheduled court hearing on Tuesday to discuss NYU’s motion to dismiss the case was canceled, according to court records. Key Points of the Settlement: Settlement Terms: Details remain confidential. Court Hearing Canceled: Tuesday’s hearing in Manhattan federal court was called off. No…

By Lewis Krauskopf Get ready for a day full of market-moving events as Federal Reserve Chair Jerome Powell testifies before the U.S. Congress, shifting the global markets spotlight from Paris to Capitol Hill on Tuesday. On Monday, political surprises in France and U.S. debates dominated headlines, impacting market movements. French stocks dropped 0.6% following the unexpected results, while the euro fluctuated against the dollar amidst uncertainty. Despite political turmoil, U.S. stock indices reached record highs on Monday. However, mainland China and Hong Kong stocks faced losses, highlighting the global market’s mixed performance. Investors are now eagerly awaiting Powell’s testimony, looking…

Breaking News: Brazil Implements Long-Awaited Free Trade Agreement with Palestinian Authority BRASILIA (Multibagger) – In a historic move, Brazil has finally put into effect a free trade agreement with the Palestinian Authority after over a decade of waiting, signaling strong support for the Palestinian people. The agreement, ratified by Brazil on Friday, aims to contribute to the development of an economically viable Palestinian state that can coexist peacefully with its neighbors. This agreement was initially signed in 2011 between the Mercosur trade bloc of South America and the Palestinian Authority. While Brazil has taken this bold step, it remains uncertain…

Investing.com: Ether Surges as SEC Decision on U.S. Spot-Ether ETFs Looms In a major development for the cryptocurrency market, Ether saw a significant increase in value on Monday following reports that the Securities and Exchange Commission (SEC) may announce its decision on U.S. spot-ether ETFs next week. This news, reported by CNBC, has sent shockwaves through the financial world as traders eagerly await the outcome. Ether rose by 2% to reach a price of $3,018.80, signaling growing investor interest in the cryptocurrency. The SEC recently approved spot ETH 19b-4 applications from prominent issuers like VanEck, ARK Investments/21Shares, and BlackRoc on…

Breaking News: Expro Group Holdings N.V. (NYSE:XPRO) Files Prospectus Supplement with SEC In a recent announcement, Expro Group Holdings N.V. (NYSE:XPRO), a leading oil and gas field services provider based in Houston, has filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC). This filing is part of the company’s ongoing efforts to provide updated financial information to its investors and the public. The prospectus supplement includes the legal opinion of Van Campen Liem (Liem & Partners N.V.) and is accompanied by their consent. Expro Group’s shares are traded on the New York Stock Exchange under the ticker…

Prepare for Stock Market Correction: Mike Wilson of Morgan Stanley Warns of Potential 10% Dip Before US Election In a recent interview with Bloomberg, Mike Wilson of Morgan Stanley expressed concerns about the uncertainties surrounding the US presidential campaign, corporate earnings, and Federal Reserve policy. Wilson predicts a highly likely 10% correction in the stock market sometime between now and the election, citing a choppy third quarter ahead. Despite the anticipation of the Fed cutting rates twice this year and the buzz around artificial intelligence, the stock market has seen a 17% increase this year following a 24% surge in…

"Poland’s $2 Billion Defense Upgrade: What It Means for Your Investments" Published by [Your Name], Top Investment Manager & Financial Market Journalist — (Multibagger) – In a significant move to bolster its defense infrastructure, the United States has announced a second $2 billion foreign military financing direct loan deal with Poland. This initiative is part of an extensive modernization program that includes the acquisition of high-tech U.S. defense equipment, the State Department confirmed on Monday. Key Acquisitions: F-35 Aircraft: These advanced fighter jets are known for their stealth capabilities and are a crucial asset for modern aerial combat. Patriot Missile…