Author: Multibagger News

Imprimis Pharmaceuticals Inc (HROW) Stock Hits 52-Week High: Record Revenue Growth Reported – InvestingPro Insights Imprimis Pharmaceuticals Inc (HROW) has seen its stock soar to a new 52-week high, reaching $44.83, marking a remarkable 190.76% increase over the past year. Investors are showing strong interest in HROW as the pharmaceutical company continues to report impressive financial performance. In other news, Harrow Health has reported record-breaking revenue figures in the Second Quarter of 2024, with revenue reaching $48.9 million, a 46% growth compared to the previous year. Harrow Health’s growth has been primarily driven by its Anterior Segment business and ImprimisRx…

Air Canada Strike Looms: What Investors Need to Know and How It Could Impact Your Finances OTTAWA (Multibagger) – The Canadian government will not step in to resolve the ongoing dispute between Air Canada and its pilots, Prime Minister Justin Trudeau announced on Friday. Instead, the focus will be on pressuring both sides to come to an agreement and avert a potential strike. A strike could commence as early as September 18, disrupting operations for Air Canada and its low-cost subsidiary, Air Canada Rouge. These airlines collectively manage nearly 670 flights daily, affecting around 110,000 passengers and freight services each…

Sanae Takaichi Urges Bank of Japan to Hold Off on Interest Rate Hikes – What Does This Mean for Japanese Economy and Your Finances? In a recent statement, Sanae Takaichi, a top contender to replace Japanese Prime Minister Fumio Kishida, expressed her belief that the Bank of Japan should refrain from raising interest rates at this time in order to safeguard the country’s economic recovery. Takaichi emphasized that premature rate hikes could hinder capital expenditure and make it challenging for young individuals to secure loans for purchasing homes. With Japan’s ruling Liberal Democratic Party gearing up for an election on…

Exclusive: Russia’s Opposition in Exile Implodes as Navalny Allies Accuse Khodorkovsky’s Associate of Ordering AttacksBy Andrew Osborn and Lucy PapachristouThe rift in Russia’s opposition in exile has deepened, shifting from political activism to internal conflict. Allies of late opposition leader Alexei Navalny have accused another opposition figure of orchestrating attacks on their activists, fueling a bitter feud that threatens to fracture the anti-Kremlin movement.This scandal not only weakens the opposition’s efforts to unite against the Russian government but also risks tarnishing their credibility with supporters and Western allies. The clash between the two most prominent opposition factions sets the stage…

Welcome to Startups Weekly — your go-to source for a weekly recap of all the must-know happenings in the world of startups. Stay in the loop by signing up for our newsletter every Friday! Most Interesting Startup Stories from the Week Image Credits: Neurode This week showcased the diverse landscape of startups when it comes to risk-taking. Let’s dive in: Shrinking teams: Bending Spoons, an Italy-based app company, is set to lay off 75% of the staff at WeTransfer, the Dutch file transfer startup it acquired. This follows previous job cuts at other acquired companies like Evernote, Filmic, and Meetup.…

Hamilton Beach Brands Holding Company (HBB) Stock Hits Record High Amidst Strong Growth Hamilton Beach Brands Holding Company (HBB) stock has soared to a remarkable 52-week high of $29.48, marking a substantial 118.13% increase over the past year. This surge in stock price reflects the company’s robust performance and growing investor confidence in its market position and growth strategy. In recent news, Hamilton Beach Brands Holding Company reported a record Q2 revenue of $156.2 million, representing a 14% increase from the previous year. The company’s gross profit margin also saw a significant rise to 25.9%. Strategic initiatives, including a focus…

Boeing Faces Potential Credit Rating Downgrade Amid Prolonged Strike, Warns Fitch (Multibagger) – Fitch Ratings alerted investors on Friday that a prolonged strike at Boeing (NYSE: BA) could jeopardize the aerospace giant’s credit rating. The ratings agency expressed concerns that an extended strike could lead to significant operational and financial repercussions for Boeing, potentially resulting in a credit downgrade. Adding to the apprehensions, S&P Global Ratings also indicated on Thursday that a prolonged strike could hinder Boeing’s recovery trajectory and negatively impact its overall rating. Breaking It Down: How This Affects You What’s Happening? Fitch Ratings and S&P Global Ratings…

According to trading in rate-futures contracts, the Federal Reserve is leaning towards delivering an outsized interest-rate cut at its upcoming meeting, with markets pricing in a higher chance of a more aggressive move. While a quarter-point reduction is still slightly more likely, the probability of a half-point cut has increased significantly to about 43%. Traders are betting on the Fed taking proactive measures to address potential labor market challenges, rather than adopting a more cautious approach. Economists like Gregory Daco believe that the Fed is playing catch-up and may need to accelerate its rate cuts to support the economy. Fed…

Title: Biden and Starmer to Meet at White House, No New Policy on Ukraine Long-Range Missiles As the world’s best investment manager and financial market journalist, I bring you the latest update on the United States’ stance on Ukraine and the use of long-range missiles. The White House has confirmed that there will be no new policy announcement regarding the provision of long-range strike capabilities for Ukraine to use inside of Russia. White House national security spokesman John Kirby stated that there is no change to their view on this matter and that no major announcement is expected from discussions…

“Y Combinator to Double Number of Cohorts Per Year by 2025, Says Bloomberg” As the top investment manager and financial market journalist in the world, I am thrilled to announce that Silicon Valley’s prestigious startup accelerator Y Combinator is set to expand its number of cohorts from two to four per year by 2025, as reported by Bloomberg. This move, spearheaded by Y Combinator president Garry Tan, will not only maintain the same number of companies going through the program annually but will also result in smaller, more intimate cohorts. With double the number of cohorts, investors will now have…