Author: Multibagger News

Federal Reserve Cuts Rates by 50 bps, More Cuts Expected: Citi Analysts In a recent update, Citi analysts have maintained their prediction of a 50 basis point cut by the Federal Reserve in November. This decision comes after the central bank already made a similar rate cut, marking its first since 2020. The Fed reduced rates by 50 bps to a range of 4.75% to 5%, with indications pointing towards more cuts in the future. The central bank believes that the risks surrounding inflation and the labor market are now more balanced. Fed Chair Jerome Powell expressed confidence in the…

BOGOTA (Multibagger) – Colombia’s government has called off peace talks with leftist rebel group the National Liberation Army (ELN), its peace delegation said on Wednesday, following an attack which killed two soldiers and injured more than two dozen. The decision is another devastating blow to President Gustavo Petro’s cornerstone total peace policy, which looked to remove the ELN from its role in the Andean country’s six-decades of internal armed conflict. “Today the peace process is on hold. Its viability is severely diminished and its continuation can only go ahead with an unequivocal demonstration of peace by the ELN,” the government…

Breaking News: Bark Inc. (NYSE:BARK) Shareholder Proposals Approved at Annual Meeting In a recent Annual Meeting held on September 12, 2024, Bark Inc. (NYSE:BARK), a specialty retail company, announced the successful results of several shareholder proposals. The company, known for its unique positioning in the retail sector, saw the election of Class C director nominees, ratification of its independent accounting firm, approval of executive compensation, and an amendment to its Certificate of Incorporation. Shareholders elected Larry Bodner and Jim McGinty as Class C directors, both set to serve until the 2027 annual meeting. The voting results showed overwhelming support, with…

Insider Trading Alert: Palantir Technologies Director’s Spouse Sells Shares as Company Soars Key Takeaways: Insider Transactions: The spouse of a Palantir Technologies Inc. (NYSE: PLTR) director sold 6,000 shares of Class A Common Stock. Transaction Details: Sales executed on September 16, 2024, with prices ranging from $35.67 to $36.88, totaling over $218,000. Company Performance: Palantir reported a 27% year-over-year increase in Q2 2024 earnings and raised its full-year revenue guidance to $2.746 billion. AI Innovations: New contracts with Nebraska Medicine and Wendy’s Quality Supply Chain Co-op enhance Palantir’s AI footprint. Financials: Palantir boasts an 81.39% gross profit margin and a…

CSX Corporation Issues $550 Million in 4.9% Notes Due 2055: What Investors Need to Know CSX Corporation (NASDAQ:CSX) recently announced the successful issuance of $550 million in aggregate principal amount of 4.9% notes due in 2055. This move is part of the company’s long-term financing strategy, showcasing their commitment to financial planning and providing capital for general corporate purposes. The notes were issued under an existing indenture with The Bank of New York Mellon Trust Company, N.A., as trustee. This offering was made through CSX Corporation’s shelf registration statement, which became effective on February 16, 2022. The notes will mature…

Guidewire Software CEO Sells $4.02 Million in Shares Amidst Robust Financial Performance: What Investors Need to Know In a recent SEC filing, Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum disclosed the sale of 23,379 shares of the company’s stock on September 17, at a price of $172.16 per share. This transaction resulted in a total sale value of approximately $4.02 million. The sale was part of a tax obligation related to the settlement of Restricted Stock Units (RSUs), as noted in the filing’s footnotes. Despite this sale, Rosenbaum still retains a substantial holding of 287,662 shares in the company,…

Investment Manager Reveals: U.S. House Committee Subpoenas Secretary of State Over Afghanistan Withdrawal In a bold move, the U.S. House of Representatives Foreign Affairs Committee has subpoenaed Secretary of State Antony Blinken to appear before it on Sept. 24 regarding the controversial U.S. withdrawal from Afghanistan in 2021. Failure to comply could lead to serious consequences, as the committee has threatened to recommend finding Secretary Blinken in contempt of Congress for defying the subpoena. This latest development comes after Blinken was unable to testify on the original proposed date of Sept. 19, citing scheduling conflicts. As a top investment manager…

LiveOne, Inc. Announces Results of Annual Stockholders Meeting – Latest Updates on Executive Compensation, Board of Directors, and Financial Performance In a recent SEC filing, LiveOne, Inc., a leading company in the retail eating places sector, shared the outcomes of its Annual Meeting of Stockholders held on September 12, 2024. The filing, dated September 18, 2024, disclosed the election of eight board members, approval of executive compensation, ratification of the independent auditor, and authorization to adjourn the meeting if necessary. All eight nominees for the board of directors were successfully elected, with Robert S. Ellin receiving the highest number of…

Desheng Wang’s Bold $300K Stock Purchase: A Game-Changer for Focus Universal Inc. (NASDAQ:FCUV)? In a noteworthy move that has grabbed the attention of savvy investors and market analysts, Desheng Wang, CEO and Director of Focus Universal Inc. (NASDAQ:FCUV), made a substantial investment in his own company. On September 18, 2024, Wang acquired 1,000,000 shares of Focus Universal’s common stock at $0.30 per share, totaling a $300,000 investment. Desheng Wang’s Confidence: What It Means for Focus Universal Inc. Desheng Wang’s latest acquisition has elevated his ownership to a staggering 22,729,550 shares. This significant insider transaction is a robust indicator of his…

PodcastOne, Inc., a leading company in computer programming and data processing services, recently held its 2024 Annual Meeting of Stockholders on September 12. Shareholders voted on key proposals, including the election of directors and the appointment of an independent registered public accounting firm. During the Annual Meeting, all eight nominees were elected to PodcastOne’s Board of Directors. The elected directors received a significant number of votes, ranging from 18,444,890 to 18,794,509 votes. Shareholders also ratified the appointment of Macias Gini & O’Connell, LLP as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2025. Additionally,…