Author: Multibagger News

Griffon Corp President Sells $1.7 Million in Stock: What This Means for Investors Griffon Corp’s (NYSE: GFF) President and Chief Operating Officer, Robert F. Mehmel, recently sold a significant portion of his holdings in the company. According to recent filings, Mehmel’s transactions on September 17 and 18 amounted to over $1.7 million in stock sales. Transaction Breakdown: September 17: Sold 9,148 shares at an average price of $67.74 and 2,909 shares at $68.29. September 18: Sold 7,892 shares at $67.77, 2,897 shares at $68.54, and 2,154 shares at $69.27. These prices ranged from a low of $67.74 to a high…

M&G Investments Sees Value in Longer-Duration Government Bonds and Non-U.S. Equities MUMBAI (Multibagger) – In a recent statement, M&G Investments revealed that they are finding attractive valuations in some longer-duration government bonds and non-U.S. equities. This insight comes from a multi-asset fund manager at the London-based firm, Gautam Samarth, who emphasized the importance of staying “reactive” to market moves. Following the Federal Reserve’s decision to cut interest rates by 50 basis points and revise its monetary policy outlook, M&G Investments remains on the lookout for contrarian opportunities in the market. According to Samarth, they have exposure in U.S., UK, and…

US Justice Department Launches Civil Rights Probe into Rankin County Sheriff’s Department | Latest News By Sarah N. Lynch WASHINGTON (Multibagger) – The U.S. Justice Department on Thursday launched a civil rights probe into the Rankin County Sheriff’s Department in Mississippi after several of its former officers known as the “Goon Squad” were prosecuted for torturing and sexually abusing two Black men. Kristen Clarke, the assistant attorney general of the Civil Rights Division, said the investigation will examine whether the Rankin County Sheriff’s Department uses excessive force, routinely makes unlawful stops or searches, and whether it engages in racially discriminatory…

Revolutionizing Construction with 3D Printed Glass Blocks – The Future of Sustainable Building In the world of construction, 3D printing has emerged as a game-changer, offering faster construction times, innovative design possibilities, and a reduced environmental impact. A recent study from MIT has introduced a groundbreaking approach to this technology, utilizing 3D printed glass blocks that interlock like Lego bricks. The use of glass in construction is not new, but the team at MIT is harnessing its optical properties and recyclability to create a sustainable building material. Mechanical engineering assistant professor Kaitlyn Becker highlights the benefits of glass, stating that…

NeuroBo Pharmaceuticals Gets Shareholder Approval for Issuance of Additional Shares NeuroBo Pharmaceuticals, a leading pharmaceutical preparations company based in Cambridge, MA, recently received approval from its shareholders for a significant issuance of shares. This move could potentially increase the company’s common stock by more than 20%. The approval was granted during a virtual special meeting where two key proposals were passed. The first proposal allows for the issuance of up to 5,089,060 shares of common stock upon the exercise of Series A Common Stock Purchase Warrants. The second proposal authorizes one or more adjournments of the Special Meeting to solicit…

Unlocking Market Opportunities: FedEx, Nike, Chewy, and More After-Hours Movers Revealed As the financial markets continue to evolve, after-hours trading often provides a sneak peek into tomorrow’s trends. In this article, we dive into the latest movements of some major players like FedEx, Nike, and Chewy. Let’s break down what happened after the closing bell and what it means for your investment strategy. FedEx (FDX) FedEx experienced a significant shift in its stock price after hours, reflecting investor reactions to its latest quarterly earnings report. The logistics giant reported better-than-expected earnings, driven by a surge in e-commerce deliveries. This uplift…

The Ultimate Halloween Shopping Guide 2023: Early Trends and Predictions Unveiled by NRF Data As the world’s top investment manager and financial market journalist, I bring you exclusive insights into this year’s Halloween shopping trends. According to the latest data from the National Retail Federation (NRF), consumers have started shopping for Halloween decor and costumes earlier than ever before, with a particular focus on special events. Key Highlights: – Consumers aged 25 to 34 are driving the interest in Halloween shopping, with 56% of this age group starting their shopping before October. – Retailers are ramping up their holiday season…

Elon Musk’s X Faces Supreme Court Order in Brazil Amid Legal Battle – Latest Updates and Analysis In a recent development, Brazil’s Supreme Court has issued a stern warning to Elon Musk’s X, threatening a daily fine of 5 million reais if the social media platform attempts to circumvent a previous ruling suspending its operations in the country. This decision comes after X managed to become accessible to users in Brazil through a network update, despite the court-ordered block. The legal battle between Musk and Brazilian Justice Alexandre de Moraes has been ongoing since August, when the Supreme Court initially…

Unveiling the Truth Behind Social Media and Streaming Sites’ Data Practices: A Deep Dive Into the FTC Report As the world’s top investment manager and financial market journalist, I have uncovered a groundbreaking report by the FTC that exposes the shady data collection and monetization tactics of social media and streaming giants like Amazon, Facebook, YouTube, and more. This report is a crucial step towards implementing new regulations in the tech industry. Back in late 2020, the FTC demanded transparency from these tech behemoths regarding their data collection methods. However, the responses were evasive and self-serving, revealing the companies’ deceptive…

Bitcoin, the leading cryptocurrency, continues its upward trajectory this week, breaking the $63,000 barrier. With highs of $63,526 reached in Thursday’s trading session, Bitcoin is on track for its third consecutive day of gains. Michael Saylor, the chairman and cofounder of MicroStrategy, known for his strong support of Bitcoin, recently tweeted a playful yet impactful message: “Have a Bitcoin Burger.” This tweet highlights Saylor’s unwavering belief in Bitcoin, as MicroStrategy holds over 244,800 BTC in its reserves. MicroStrategy also announced the pricing of its Convertible Senior Notes Offering, with estimated net proceeds of $864.1 million. The company plans to use…