Author: Multibagger News

Optimized Title: Federal Reserve’s Bold Interest Rate Cut Sends Mixed Signals for Asian Markets on Thursday By Jamie McGeever (Multibagger) – A look at the day ahead in Asian markets. “Go big, and go bold,” was the advice to Fed Chair Jerome Powell and colleagues from some U.S. policy watchers and even former policymakers, and didn’t they do just that. The Federal Reserve’s half percentage point interest rate cut on Wednesday was a statement of intent that the Fed stands ready to protect the labor market and steer the economy away from anything approaching recession. Investors liked it, at first.…

Phinia Inc. (NYSE:PHIN) Successfully Issues $450 Million in Senior Notes Phinia Inc., a prominent player in the motor vehicle parts and accessories sector, has recently completed a successful issuance of $450 million in senior notes, as per a recent SEC filing. The company, based in Auburn Hills, Michigan, announced on Monday that it had upsized the offering from the initially planned $400 million due to strong investor demand. The 6.625% Senior Notes, set to mature on October 15, 2032, were sold at par with interest accruing from September 17, 2024. These notes are unregistered securities offered in a private transaction,…

Investing.com – Federal Reserve Launches Rate-Cutting Cycle with Jumbo-Sized 50bps Cut In a bold move, the Federal Reserve initiated the rate-cutting cycle with a significant 50 basis point cut on Wednesday. However, experts are divided on whether this larger cut will set a new standard for future rate cuts. Despite the dissent from one member of the Federal Open Market Committee, Governor Michelle Bowman, who preferred a 25 bps cut, the majority pushed for the bigger reduction to kickstart the cycle. The debate now revolves around whether future meetings will see continued 50bps cuts or a more measured approach with…

Klaviyo CTO Sells $4.1M in Shares Amidst Company’s Bullish Performance – What This Means for Investors In a recent pivotal move, Allen Chaves, Chief Technology Officer of Klaviyo, Inc. (NYSE:KVYO), has sold a substantial portion of his shares in the company. According to an SEC filing, Chaves sold 101,066 shares at prices ranging from $31.50 to $32.50, and an additional 28,934 shares at prices between $30.65 and $31.49 on September 16, 2024. The total proceeds from these transactions exceeded $4.1 million. These sales were executed under a pre-arranged Rule 10b5-1 trading plan, which Chaves adopted on November 21, 2023. This…

Investment Guru Reveals: Fed Chair Powell Admits Interest Rate Cut Could Have Come Sooner In a shocking revelation, Federal Reserve Chair Jerome Powell admitted that the central bank may have started cutting interest rates earlier if it had known about the rapid cooling of the labor market. This statement came after the Fed’s unexpected 50 basis point rate cut, catching most analysts off guard. Despite this move, Powell reassured that the Fed is not lagging behind in its policy decisions, but rather making a commitment to stay ahead of the curve. The recent jobs report for July showed a rise…

Breaking News: Trump Likely to Meet with Ukrainian President Zelenskiy During U.N. Security Council Meeting In a recent statement, Republican former President Donald Trump hinted at a possible meeting with Ukrainian President Volodymyr Zelenskiy during the upcoming United Nations Security Council meeting on Russia’s war in Ukraine. This meeting could have significant implications for global politics and financial markets. Over the past few months, world leaders visiting the U.S. for various summits and meetings with President Joe Biden have also sought meetings with Trump. As the Republican presidential candidate gearing up for the Nov. 5 U.S. election, a potential meeting…

Jacobs Solutions Inc. (NYSE:J) has officially declared the effective date of its spin-off and merger with Amentum, combining its Critical Mission Solutions and Cyber & Intelligence government services businesses. The transaction, detailed in the Registration Statement approved by the SEC on September 18, 2024, is set to finalize on September 27, 2024. Shareholders as of September 23, 2024, will receive one share of SpinCo’s common stock for each share of Jacobs common stock held. The spin-off entity, to be renamed Amentum Holdings, Inc., is expected to start trading on the NYSE under the ticker symbol “AMTM WI” on September 24,…

Insider Trading Alert: Forge Global Holdings’ COO Drew Sievers Sells 30,000 Shares Amid Positive Market Developments Forge Global Holdings, Inc. (NYSE:FRGE) COO Drew Sievers Sells 30,000 Shares: What It Means for Investors Key Insights from Recent Transactions Drew Sievers, the Chief Operating Officer of Forge Global Holdings, Inc. (NYSE: FRGE), recently executed significant share sales. According to regulatory filings, Sievers sold a total of 30,000 shares over two transactions on September 16 and 17. September 16, 2024: Sievers sold 11,042 shares at a volume-weighted average price of $1.3577, with trade prices ranging from $1.33 to $1.42. September 17, 2024: He…

U.S. Port Strike Threat Could Disrupt Supply Chain, Impacting Global Trade | Lisa Baertlein By Lisa Baertlein LOS ANGELES (Multibagger) – A threatened Oct. 1 strike by dockworkers at ports on the U.S. East Coast and Gulf of Mexico would immediately disrupt the flow of goods in the country, the North America chief executive of French container carrier CMA CGM said on Wednesday. The International Longshoremen’s Association union represents 45,000 workers at 36 ports including New York/New Jersey, Houston and Savannah, Georgia. The union has vowed to stop work if it does not have a new labor agreement in place…

Faraday Future Intelligent Electric Inc. Appoints New CFO Amid Corporate Changes In a recent SEC filing, Faraday Future Intelligent Electric Inc (NASDAQ:) announced significant executive team changes, including the appointment of a new CFO and the resignation of the interim CFO. Koti Meka, a veteran in the company, has been appointed as the new CFO, succeeding Jonathan Maroko. Meka’s employment agreement includes a base salary of $300,000, with potential bonuses and equity incentives tied to company performance milestones. Additionally, the company has settled multiple shareholder derivative lawsuits and implemented a 1-for-40 reverse stock split. Financially, Faraday Future reported a revenue…