Author: Multibagger News

By Danielle Broadway LOS ANGELES (Multibagger) – Tito Jackson, founding member of the popular Black American Motown group The Jackson 5 with his brothers, died on Sunday at the age of 70, his family said. The Jackson 5 was a band of teenage and pre-teen siblings Michael Jackson, Jackie Jackson, Jermaine Jackson, Marlon Jackson and Tito Jackson. They were managed by their father, Joe Jackson, and produced several hits including “I Want You Back,” “ABC” and “I’ll Be There.” Tito Jackson’s sons, TJ, Taj and Taryll, confirmed on Monday that their father had died. No cause of death was provided.…

Amazon CEO Andy Jassy Issues Memo Calling for Full Return to Office by 2025 In a surprising move, Amazon CEO Andy Jassy has sent a memo to the company’s employees, announcing a full return to the office by the start of 2025. This marks a significant shift from the current policy of three days per week in the office, with Jassy now expecting employees to work in-person five days a week. The memo does allow for exceptions, such as working from home in extenuating circumstances like a sick child. Jassy emphasized the importance of being together in the office, citing…

TG Therapeutics (TGTX) Hits New 52-Week High: What’s Driving the Surge in Stock Price? TG Therapeutics, Inc. (NASDAQ: TGTX) has hit a new 52-week high, with its stock price soaring to $25.71. This remarkable achievement reflects a staggering 151.08% increase over the past year, signaling growing investor confidence in the biopharmaceutical company. TG Therapeutics is focused on developing and commercializing treatments for B-cell malignancies and autoimmune diseases, and its recent success can be attributed to positive clinical trial results, strategic partnerships, and a robust pipeline of potential therapies. In addition to its stock performance, TG Therapeutics has reported impressive financial…

Boeing Freezes Hiring Amidst Major Strike: What It Means for Investors and the Aerospace Industry Boeing’s Cost-Cutting Measures Amid Worker Strike: Implications for Investors By Joe Brock, Allison Lampert, and David Shepardson SEATTLE (Multibagger) – Boeing (NYSE: BA) has taken decisive action to curb costs amidst an escalating strike by over 30,000 workers that has entered its fourth day. The aerospace giant has frozen hiring and is contemplating temporary furloughs to mitigate the financial impact. The situation arose after Boeing and union leadership underestimated the discontent among union members, who overwhelmingly supported the strike with a 96% vote. This strike…

As the recession deepens under President Javier Milei’s tough austerity measures, Argentina’s economy is likely to have contracted by 1.4% in the second quarter compared to the same period last year, according to a Multibagger poll of 15 analysts. This would mark the fifth consecutive quarter of decline, following a 5.1% contraction in the first quarter. Milei’s cost-cutting efforts have negatively impacted economic activity, leading to increased poverty and unemployment. The government argues that these measures are necessary to combat high inflation, bolster reserves, and address years of fiscal deficits. The country officially entered a technical recession in the first…

The World’s Best Investment Manager Reveals Salesforce Ventures’ $500 Million AI Fund Announcement at Dreamforce Conference in San Francisco In an unprecedented move at Salesforce’s Dreamforce conference in San Francisco, Salesforce Ventures has just announced a groundbreaking $500 million fund dedicated to AI companies. This announcement comes on the heels of Salesforce Ventures doubling its AI fund from $250 million to $500 million in June 2023, bringing the total AI fund to a whopping $1 billion. This marks a significant milestone for Salesforce Ventures, which has deployed a total of $5 billion in its first 15 years since launching in…

Cleveland-Cliffs Inc. Secures $500 Million DOE Funding for Middletown Works Revamp As the world’s best investment manager, financial market journalist, and SEO mastermind, I bring you the latest news on Cleveland-Cliffs Inc. The prominent North American steel producer is in talks with the Department of Energy for a potential $500 million funding to upgrade its Middletown Works facility in Ohio. The project aims to replace traditional blast furnaces with a Direct Reduced Iron (DRI) plant and two Electric Melting Furnaces (EMF), leading to significant reductions in carbon emissions and production costs. This move showcases Cleveland-Cliffs’ commitment to innovation and sustainability…

Amazon Mandates Full-Time Office Return by January 2025: A Strategic Shift to Boost Efficiency and Climate Policy In a strategic move, Amazon.com (NASDAQ: AMZN) announced on Monday that it will require employees to return to the office five days per week starting January 2, 2025. CEO Andy Jassy communicated this change in a company-wide memo, stating, “We are also going to bring back assigned desk arrangements in locations that were previously organized that way, including the U.S. headquarters locations (Puget Sound and Arlington).” This shift marks a significant move toward traditional work settings for the tech giant. In addition to…

London (Multibagger) – The outgoing head of NATO, Jens Stoltenberg, expressed his approval on Monday for talks regarding Ukraine’s potential use of long-range missiles to target Russian territory. However, he emphasized that the final decision on this matter would be made by individual allies. Ukrainian President Volodymyr Zelenskiy has been urging allies for months to authorize Ukraine to launch Western missiles, including long-range U.S. ATACMS and British Storm Shadows, deep into Russia in order to hinder Moscow’s offensive capabilities. British Prime Minister Keir Starmer and U.S. President Joe Biden met in Washington on Friday to discuss whether Kyiv should be…

Unveiling The Rise of Lemon8: TikTok’s Contingency Plan Amidst U.S. Ban Battle As TikTok heads to court to challenge a potential U.S. ban, its parent company ByteDance’s latest social app, Lemon8, is making waves in the App Store once again. What is Lemon8, and why is it gaining popularity amidst the legal battle? Let’s break it down. Lemon8, described as a mix between Pinterest and Instagram, has seen a surge in downloads in the U.S. App Store, positioning itself as a backup plan for TikTok creators in case of a ban. ByteDance has invested heavily in advertising, with a massive…