Author: Multibagger News

By Rae Wee SINGAPORE (Multibagger) – Asian stocks wobbled on Tuesday while the dollar and U.S. Treasury yields came under pressure, with just a day to go before the expected start of the Federal Reserve’s easing cycle that could see policymakers deliver an outsized rate cut. Extended holidays in China and South Korea made for thin trading conditions, with investors focused on Wednesday’s Fed decision as odds have crept up in the past week in favour of a 50-basis-point rate cut. That kept the dollar languishing near its lowest level in over a year against the yen at 140.70, further…

Investing.com– Oil prices saw a slight increase in Asian trade on Tuesday, gaining support from the possibility of interest rate cuts and supply disruptions caused by Hurricane Francine. However, concerns over slowing demand, particularly in China, limited the gains in crude. The price of WTI crude expiring in November rose 0.2% to $72.88 a barrel, while Brent crude rose 0.3% to $69.24 a barrel by 21:07 ET (01:07 GMT). Supply Disruptions from Hurricane Francine Still Impacting Oil Production U.S. authorities reported that more than 12% of crude production and 16% of natural gas output in the Gulf of Mexico were…

Insider Insights: TKO Group Holdings (NYSE:TKO) President Sells $3.56M in Stock Amidst Strong Financial Performance TKO Group Holdings (NYSE:TKO) – Major Insider Transaction Unveiled In a significant move, TKO Group Holdings, Inc.’s President and Chief Operating Officer, Mark S. Shapiro, has made headlines by selling 31,026 shares of Class A Common Stock. The shares were sold at an average price of $114.76 each, amounting to a substantial transaction value of approximately $3,560,543, as per a recent SEC filing. Key Transaction Details Transaction Date: September 16, 2024 Share Price: $114.76 per share Total Sale Value: $3,560,543 Reason: The sale was executed…

Japan Finance Minister Suzuki Addresses Recent Currency Moves, Promises Appropriate Response – Expert Analysis In a recent statement, Japan Finance Minister Shunichi Suzuki addressed the impact of recent currency movements on the Japanese economy, promising to respond appropriately to the situation. Suzuki emphasized that rapid fluctuations in the currency market are not ideal for the economy, speaking at a regular post-cabinet meeting news conference. The U.S. dollar experienced a significant drop against the yen on Monday, reaching a more than one-year low. This decline was fueled by speculation that the Federal Reserve may implement a 50-basis-point interest rate cut at…

Walker & Dunlop Extends Repurchase Agreement with JPMorgan Chase Bank, Reveals Optimistic Outlook on Commercial Real Estate Market Walker & Dunlop, Inc., a leading finance services company based in Maryland, has recently extended its repurchase agreement with JPMorgan Chase (NYSE:JPM) Bank, N.A., as per a recent SEC filing. This extension, pushing the termination date to September 11, 2025, showcases the ongoing financial collaboration between the two entities. On September 12, 2024, Walker & Dunlop, Inc. and its subsidiary, Walker & Dunlop, LLC, amended their Master Repurchase Agreement for the seventh time since its inception in August 2019. The latest extension…

Insider Sell-off Alert: Credo Technology Group COO Offloads 10,000 Shares Amid Impressive Financial Gains Key Insights from Credo Technology Group: COO Sells 10,000 Shares, Financial Performance Remains Strong In a significant insider transaction, Lam Yat Tung, the Chief Operating Officer of Credo Technology Group Holding Ltd (NASDAQ: CRDO), sold a total of 10,000 ordinary shares of the company on September 12, 2024. The sales amounted to over $276,000, with individual share prices ranging between $26.7875 and $27.8408. Breakdown of the Transactions The sales were conducted under a Rule 10b5-1 trading plan, which Lam adopted on July 13, 2023. Rule 10b5-1…

Breaking News: 5E Advanced Materials Secures Additional Financing Through Material Definitive Agreement 5E Advanced Materials, Inc. (NASDAQ:FEAM), a leading nonmetallic mineral mining company based in Hesperia, California, has announced a significant financial boost with the recent acquisition of additional financing. This move is set to enhance the company’s financial standing and pave the way for future growth. The agreement, which is an amendment to the existing Note Purchase Agreement, involves prominent investors such as Bluescape, Ascend Global Investment Fund SPC, and Meridian Investments Corporation. The issuance of $6 million in secured convertible promissory notes at a 4.50% annual interest rate…

Insider Trading Alert: MARA Holdings Director Sells Shares Amidst Company’s Financial Evolution Key Insights from Douglas K. Mellinger’s Recent MARA Holdings Stock Sale In a noteworthy transaction, Douglas K. Mellinger, a director at MARA Holdings, Inc. (NASDAQ:MARA), executed a sale of 1,000 shares of the company’s common stock at $16.00 per share on September 12, totaling $16,000. This transaction occurred under a pre-arranged Rule 10b5-1 trading plan initiated by Mellinger on May 13, 2024. This plan allows insiders to schedule trades ahead of time, thus removing direct control over the timing of the sale. Post-transaction, Mellinger holds 141,756 shares in…

Uncovering the Truth Behind Global Tech Giants’ Carbon Emissions: An Eye-Opening Report In a recent investigation by The Guardian, it has been revealed that the accounting for emissions by a global tech empire is far from accurate. The industry standards for disclosure may allow tech companies to significantly understate their carbon footprint, giving a misleading impression of their environmental impact. The report compared the official declarations of carbon emissions, which often include offsets purchased elsewhere, with “location-based” emissions that more directly represent datacenter output. The findings were shocking – real emissions are more than seven times higher than what is…

San Francisco, United States, California, September 17th, 2024, Chainwire As the world’s best investment manager and financial market’s journalist, I am thrilled to announce that Forge, the leading platform for community-driven game marketing and player engagement, has revealed its new slate of strategic investors, including top gaming protocols Ava Labs and Sui Foundation. This exciting development comes as Forge surpasses a significant milestone of over 1 million registered users, showcasing its mission to transform how games connect with and reward their players. Since its inception less than a year ago, Forge has quickly become a vibrant ecosystem where players can…