Author: Multibagger News

How a Failed Sale of a New York City Office Tower Led to a Year-Long Delay in Downgrading Commercial Mortgage Bonds to Junk – Exclusive Insights Investment manager reveals the shocking truth behind the delayed downgrade of 1740 Broadway commercial mortgage bond to junk status, causing a 26% loss for investors. Find out how a failed property sale and delayed appraisals led to this financial disaster. S&P and DBRS Morningstar downgraded the top-rated AAA tranche of the CMBS, marking the first loss on a AAA-rated bond since 2008. Discover the sequence of events that led to this delay, including the…

Breaking News: Ukraine Bans Moscow-Linked Orthodox Church, Russia Condemns Move In a shocking development, Ukraine has voted to ban the Moscow-linked Ukrainian Orthodox Church, sparking condemnation from Russia. The move has been described as an attack on Christianity and freedom of religion by Kremlin spokesman Dmitry Peskov. The Ukrainian Orthodox Church is accused of spreading pro-Russian propaganda and harboring spies, leading to its ban by Ukrainian lawmakers. President Volodymyr Zelenskiy has signed the ban into law, citing it as a step towards strengthening Ukraine’s “spiritual independence.” Since Russia’s invasion of Ukraine in February 2022, the UOC has distanced itself from…

BTIG Maintains Positive Outlook on Etsy with Reiterated Buy Rating and $78.00 Price Target BTIG has reaffirmed its positive stance on Etsy (NASDAQ: ETSY), providing a Buy rating and setting a price target of $78.00 for the company’s shares. This assessment follows a recent quarterly evaluation of Etsy’s performance metrics, which highlighted a mixed outlook for the company’s health. Etsy’s performance review unveiled a combination of results, showcasing stability in some areas while encountering challenges in others. Out of eight key performance indicators examined, three displayed a decline, three remained steady, and two showed improvement. A key positive was the…

Anta Sports to Invest $1.28 Billion in Share Buyback: What It Means for Investors — In a strategic move aimed at bolstering shareholder value, Chinese sportswear giant Anta Sports has announced a substantial share buyback program. Encompassing an investment of up to HK$10 billion ($1.28 billion), Anta plans to repurchase up to 10% of its outstanding shares over the next 18 months. This initiative, disclosed in a recent filing to the Hong Kong exchange, underscores Anta’s confidence in its intrinsic value and its commitment to protecting and enhancing shareholder interests. Currently, the company’s stock is trading below its actual worth,…

Skydance Media Emerges Victorious in Chaotic Paramount Global Takeover – Analysis & Breakdown In a historic turn of events, media veteran Edgar Bronfman Jr. has withdrawn from the race for Paramount Global, paving the way for Skydance Media to take control of Shari Redstone’s empire. This marks the end of one of the most chaotic media bidding wars in recent history. The saga began when Paramount and David Ellison’s Skydance signed a merger deal in early July, with a 45-day “go-shop” period to consider other offers. Despite a deadline extension for Bronfman Jr.’s consortium, the special Paramount board committee has…

UN Human Rights Chief Urges Taliban to Repeal “Egregious” Laws Targeting Women In a strong statement on Tuesday, the United Nations human rights chief, Volker Turk, called for the immediate repeal of a set of laws enacted by Afghanistan’s Taliban. These laws, passed last week, have been criticized for their attempt to marginalize and silence women, effectively reducing them to “faceless, voiceless shadows.” Turk described the new laws as intolerable and emphasized the need to protect women’s rights and autonomy. Speaking through a spokesperson at a U.N. press briefing, he highlighted the grave implications of these policies on women’s presence…

Title: Meta CEO Mark Zuckerberg Regrets Biden Administration Pressure to Censor Content on Facebook and Instagram In a recent letter to the US House of Representatives, Meta CEO Mark Zuckerberg expressed regret over bowing to pressure from the Biden administration to censor content on Facebook and Instagram during the coronavirus pandemic. He revealed that senior officials, including some from the White House, pressured Meta to remove certain content in 2021, including humor and satire related to Covid-19. Zuckerberg also mentioned that the firm censored content about Joe Biden’s son, Hunter, leading up to the 2020 US election based on false…

Breaking News: B.Riley Initiates Buy Rating on Immunic Inc. (IMUX) with $6.00 Price Target for Multiple Sclerosis Drug – Undervalued Gem Unveiled! On Tuesday, B.Riley began covering Immunic Inc. (NASDAQ: IMUX) with a Buy rating and a price target of $6.00. The firm believes that Immunic’s lead drug candidate, vidofludimus calcium (vido), has been undervalued in the market, currently valued at around $50 million. This new coverage sheds light on the potential of vido, showcasing its unique mechanism that offers neuroprotective and anti-inflammatory effects critical for managing multiple sclerosis progression. B.Riley’s analysis suggests that vido’s advantages over existing drugs like…

UBS Predicts Weakening USD as Fed Prepares for Easing Cycle – Expert Analysis In a recent report, UBS has forecasted that the U.S. economy’s slowdown could result in a weaker U.S. dollar as the Federal Reserve looks to ease monetary policy. This prediction has significant implications for investors, with the exchange rate potentially climbing above 1.15 by 2025 after entering the 1.10-1.15 range. The brokerage firm advises investors to consider reducing USD exposure during any dips below 1.10, signaling a strategic move to align with anticipated currency movements. UBS expects the Fed to kick off its easing cycle in September,…

September Market Warning: Bank of America Predicts Weaker Seasonality for U.S. Equities The equity market may face turbulence in September as the strong performance period from June to August concludes, Bank of America (BofA) warned on Monday. From June to August, the market has surged 6.8% as of August 23, surpassing the average returns of 3.2% for all years and nearing the 7.3% average seen during Presidential election years. However, September is historically the weakest month for the S&P 500 (SPX), with gains recorded only 44% of the time and an average return of -1.20%. In Presidential election years, both…