Author: Multibagger News

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…

IMF Chief Backs Regional Director Amid Argentina Negotiations (Multibagger) – IMF Managing Director Kristalina Georgieva expressed her full support for Rodrigo Valdes, the regional director, following his decision to step aside from negotiations with Argentina. “I have complete confidence in Rodrigo Valdes to lead the work of IMF’s Western Hemisphere Department,” said Georgieva in a statement. “He is an outstanding economist, a dedicated international civil servant, and a wonderful colleague.” Valdes delegated the Fund’s program negotiations with Argentina to his deputy, Luis Cubeddu, a move that Georgieva trusts his judgment on. As the world’s best investment manager and financial market…

President Joe Biden is set to make history with a visit to Angola, solidifying U.S. relations in sub-Saharan Africa. This trip, planned for after the United Nations General Assembly meeting in September, marks a significant commitment to partnering with African democracies amidst growing Chinese influence in the region. Biden’s visit comes after hosting Angolan President Joao Lourenco at the White House last November, where the prospect of a visit was first raised. With China’s increasing investments in Africa, the U.S. is keen to establish strategic partnerships, such as supporting projects like the rail link between the Democratic Republic of Congo…

The Ultimate Friday the 13th: Gold Hits $2,600 All-Time High, Bitcoin Investors Left in the Dust On this “lucky” Friday the 13th, Peter Schiff, the renowned banker and financial expert, declared it a fortunate day for gold investors as the precious metal reached a new all-time high of $2,600. However, Schiff believes that Bitcoin investors, as well as Americans in general, are “out of luck.” According to Schiff, the record-high gold prices are not just a reflection of market trends but also a signal of potential higher inflation, unemployment, rising long-term interest rates, and even a looming recession. While many…

CTT Pharmaceutical Holdings CEO Makes Significant Insider Purchases, Boosting Confidence in Company’s Future – InvestingPro Analysis CTT Pharmaceutical Holdings, Inc. (OTCMKTS:CTTH) recently saw insider trading activity by its CEO, who made two significant purchases of company shares. The CEO acquired 750 shares at $0.055 per share and 750,000 shares at $0.04 each, totaling $30,000. These transactions increased the CEO’s holdings to 5,795,500 shares. Insider transactions like these can provide valuable insights into the company’s prospects and leadership sentiment. CTT Pharmaceutical Holdings operates in the gold and silver ores sector and has undergone name changes in the past. The recent acquisitions…