Author: Multibagger News

Bolt Settles Lawsuit with Activant Capital by Buying Out Investor’s Stake In a major development in the world of one-click payments startups, Bolt has announced that it has settled its long-standing lawsuit with investor Activant Capital. The company has agreed to buy out Activant’s stake, effectively ending their financial relationship. The lawsuit, which was brought against Bolt’s founder and former CEO Ryan Breslow, has finally come to a resolution with this buyout. Activant will no longer have any interest in Bolt, marking a significant milestone for both parties involved. This settlement not only brings closure to a legal dispute but…

Getty Realty Corp (NYSE: GTC) Stock Hits 52-Week High at $32.34 Amid Buoyant Real Estate Market Getty Realty Corp’s stock has surged to a 52-week high of $32.34, showcasing a strong 1-year change of 5.83% in a thriving real estate market. Investor confidence in Getty Realty’s portfolio and strategic initiatives has propelled the stock to this new peak. The company’s adept navigation of the complex real estate market and consistent returns have been major factors in attracting investments and driving the stock’s upward trajectory. In recent developments, Getty Realty has fully exercised its option to issue an additional 525,000 shares…

Air Canada Strike Looms: What You Need to Know and How It Could Impact Your Travel and Finances By Nia Williams and Rajesh Kumar Singh (Multibagger) – Air Canada and its pilots are locked in a standoff over a new labor contract and face a deadline by Sunday to reach a deal that would avert strike action. Where Do the Talks Stand? Air Canada and the Air Line Pilots Association (ALPA) are in the midst of intense negotiations. If no agreement is reached by the end of Saturday, Sept. 14, both parties could issue a strike or lockout notice. This…

The Impact of Nvidia’s Stock Rally on the Broader Market Nvidia’s incredible stock rally continues to dominate the financial markets, raising concerns about the potential consequences if the chipmaking giant’s fortunes take a turn for the worse. This year alone, Nvidia’s shares have surged by 140%, contributing significantly to the S&P 500’s overall gain of 17%. The influence of Nvidia was on full display recently, as the stock’s 8.2% jump propelled the S&P 500 to its largest intraday increase in nearly two years. On that particular day, Nvidia’s market value increased by over $200 billion, accounting for a substantial portion…

Are you looking for a winning investment opportunity? Look no further than Tennessee Valley Authority Preferred (TVC) stock, which has just hit a new 52-week high at $23.31. This milestone signifies a period of strong performance and increased investor confidence in the company. With a remarkable 1-year change of 6.2%, TVC is on an upward trajectory that is catching the attention of shareholders and potential investors alike. Breaking Down TVC’s Success In the last twelve months as of Q3 2024, TVC has demonstrated solid financial performance. The company reported a revenue of $12.18 billion and a gross profit of $4.894…

Brazil’s Supreme Court Lifts Freeze on Starlink and X Bank Accounts After $3.3 Million Transfer Brazil Supreme Court Justice Lifts Freeze on Starlink and X Accounts Amid Feud with Elon Musk BRASILIA (Multibagger) – In a significant development, Brazil’s Supreme Court Justice Alexandre de Moraes has lifted the freeze on bank accounts associated with Starlink and X, following the transfer of 18.35 million reais ($3.3 million) to the national treasury. This decision marks a notable turn in the ongoing legal battle involving billionaire entrepreneur Elon Musk. The Legal Context: Fines and Compliance Issues The Supreme Court’s statement on Friday clarified…

Justin Timberlake Pleads Guilty to Lesser Traffic Charge in New York Court – What Does This Mean for His Finances and Image? In a recent court appearance, pop sensation Justin Timberlake pleaded guilty to a lesser traffic charge of driving while ability impaired, following an incident over the summer where he was arrested for failing to obey a stop sign and veering off lane. The 43-year-old star was fined $500, ordered to perform community service, and had his license suspended. Despite initial reports of drunk driving, Timberlake’s attorney disputed these claims. This turn of events could have implications for Timberlake’s…

The Ultimate Guide to Bitcoin, Ethereum, and Shiba Inu: Expert Analysis and Insights Are you ready to dive into the world of cryptocurrencies and explore the latest trends and developments? Look no further than U.Today’s top three news stories from the past day that are sure to keep you informed and ahead of the game. 1. Schiff: The Bitcoin Journey Ends with Heavy Losses MicroStrategy cofounder Michael Saylor’s recent keynote speech at the H.C. Wainwright Annual Global Investment Conference has sparked controversy among Bitcoin enthusiasts and critics alike. While Saylor shared his transformation from a Bitcoin skeptic to a fervent…

Boeing Stock Drops After Labor Dispute: CFRA Lowers Price Target to $151 – What You Need to Know In a recent turn of events, Boeing Co. (NYSE:BA) saw its stock value decline following a revised price target and ongoing labor disputes. CFRA has adjusted Boeing’s 12-month price target to $151 from $174, while maintaining a Sell rating on the shares. The labor strike by over 30,000 union members has disrupted airplane assembly at Boeing’s facilities in Seattle and Portland, impacting production of models like the 737 Max. CFRA’s revised price target is based on a 20 times multiple of the…

Walgreens Boots Alliance Settles $106.8 Million Fraud Allegations: What It Means for Investors and Consumers Walgreens Boots Alliance (NASDAQ:) Agrees to Pay $106.8 Million Over False Prescription Claims In a significant development, Walgreens Boots Alliance has consented to a $106.8 million settlement to resolve allegations of fraudulent billing practices. According to the Department of Justice (DOJ), Walgreens submitted false claims for payments on prescriptions that were never dispensed, stretching from 2009 to 2020. This settlement underscores the importance of compliance and transparency within the pharmaceutical industry. The Allegations The DOJ accused Walgreens of submitting false claims to Medicare, Medicaid, and…