Author: Multibagger News

Macy’s Plans to Hire 31,500 Employees for Holiday Season Amidst Sluggish Labor Market – UPS to Add 125,000 Workers Keyword-Rich Introduction: As the holiday season approaches, Macy’s (NYSE: M) has announced its plan to hire 31,500 full and part-time employees, scaling back from previous years due to a softer labor market and tighter consumer spending. This decision reflects a broader trend among U.S. retailers who are exercising caution in their seasonal hiring strategies. Macy’s Seasonal Hiring Trends: Macy’s has revealed its intention to recruit 31,500 workers for the upcoming holiday season, a notable reduction from the 38,000 employees hired last…

Title: Unprecedented Market Volatility: Expert Investment Manager’s Insights Revealed In today’s constantly evolving financial landscape, the world of investment management has never been more challenging. As a leading investment manager with unparalleled expertise in navigating volatile markets, I am here to provide crucial insights into the current state of affairs. The recent surge in market volatility has left many investors feeling uncertain and anxious about the future. However, with the right strategies in place, there are still opportunities to be seized amidst the chaos. As a seasoned financial markets journalist, I have closely monitored the shifting tides of the market…

Genaro Garcia Luna, Former Mexico Security Minister, Faces Life in Prison for Drug Cartel Bribes By Jonathan Stempel In a shocking turn of events, Genaro Garcia Luna, once hailed as a hero in Mexico’s war against drug cartels, now faces a lifetime behind bars for his involvement in criminal activities. The U.S. Department of Justice has revealed that Garcia Luna accepted bribes from the notorious Sinaloa cartel, betraying the very people he was supposed to protect. Garcia Luna’s sentencing is scheduled for October 9th, where he will face the consequences of his actions, including engaging in criminal drug enterprises, participating…

Creative Media & Community Trust Corporation (NASDAQ:CMCT) Redeems Preferred Stock for Common Stock: What Does This Mean for Investors? In a recent announcement, Creative Media & Community Trust Corporation (CMCT) revealed its plan to redeem approximately 2.2 million shares of Series A Preferred Stock and 2.6 million shares of Series A1 Preferred Stock. The redemption will be paid in shares of the company’s common stock, with the number of shares determined by the volume-weighted average price (VWAP) over the 20 trading days preceding the redemption date. This transaction is exempt from registration under the Securities Act of 1933, allowing for…

Alice Walton Sells $170M in Walmart Shares: What This Means for Investors In a significant move within the retail industry, Alice Walton, a major shareholder of Walmart Inc. (NYSE:WMT), has sold an impressive 2,219,617 shares of the company’s stock, totaling over $170 million. The sales, conducted over several days, featured prices between $78.0818 and $79.8263 per share. Breakdown of the Sales Sept 17: 1,064,321 shares sold at an average price of $78.7295. Sept 19: 739,679 shares sold at an average price of $79.8263. 247,783 shares sold at an average price of $78.0818. 111,833 shares sold at an average price of…

By Mariko Katsumura In a remote forest near a tiny Japanese mountain village lies Benmou Suzuki’s dilapidated 420-year-old temple, seemingly unassuming and overlooked. However, recent events have shed light on a hidden gem that has caught the attention of savvy investors. Suzuki was approached by two men claiming to be real estate brokers, expressing interest in purchasing his temple. But their motives were not what they seemed – they were after the special tax benefits that come with owning a religious property in Japan. With Japan’s declining population and waning interest in religion, many temples and shrines are struggling to…

The Shocking Truth About North Carolina’s Republican Candidate for Governor Revealed by CNN – What You Need to Know Before the Nov. 5 Election In a bombshell report by CNN, North Carolina’s Republican candidate for governor, Mark Robinson, was exposed for making disturbing comments on a pornography website, including calling himself a “black NAZI!” and advocating for the return of slavery. Despite denying these comments, Robinson’s controversial past has raised concerns about his fitness for office. With implications for the presidential contest, Robinson’s candidacy could impact partisan turnout in this battleground state. Endorsed by Trump, Robinson’s inflammatory history has sparked…

Stryve Foods, Inc. Signs New Employment Agreements with Top Executives and Board Member Departs In a recent development, Stryve Foods, Inc. (NASDAQ:SNAX), a leading company in the food and kindred products industry, has announced fresh employment agreements with its top executives. The new contracts for CEO Christopher Boever and CFO R. Alex Hawkins were finalized on Thursday, replacing their previous agreements. Boever’s new deal as CEO includes an annual base salary of $450,000, with eligibility for a bonus equal to 100% of his base salary. He is also entitled to four weeks of vacation and may participate in the company’s…

DSS Inc. Amplifies Stake in Impact Biomedical: Strategic Move or High-Risk Bet? DSS Inc. Boosts Investment in Impact Biomedical Amid High Volatility In a noteworthy financial maneuver, DSS Inc. (NYSE:DSS), a stalwart in the paperboard containers and boxes sector, has increased its investment footprint in Impact Biomedical Inc. (OTC:IBO), a burgeoning player in the pharmaceutical preparations industry. On September 18, 2024, DSS Inc. acquired an additional 1,000 shares of Impact Biomedical at $2.33 per share, culminating in a total investment of $2,330. This acquisition forms part of DSS Inc.’s overarching investment strategy, signaling a strong vote of confidence in Impact…

Breaking News: UK Consumer Confidence Drops to 6-Month Low Amid Economic Concerns | Market Update by Top Investment Manager In a recent survey published on Friday, British consumers have shown increased pessimism following warnings by Prime Minister Keir Starmer regarding the economy and public finances. The GfK Consumer Confidence Index has plummeted to -20 in September, marking a significant decline from August’s -13. This seven-point drop is the largest since April 2022, and economists had anticipated a more moderate reading of -13. According to Neil Bellamy, Consumer Insights Director at GfK, households are reacting to Starmer’s messages about an impending…