Author: Multibagger News

Hurricane Francine Impact: Over 250,000 Louisiana Homes and Businesses Plunged into Darkness By [Your Name], World’s Leading Investment Manager & Financial Market Journalist — (Multibagger) – On a fateful Thursday, Louisiana faced a significant power crisis as Hurricane Francine lashed the state’s Gulf Coast. According to PowerOutage.us, over 250,000 homes and businesses were left without electricity. Post-Tropical Cyclone Francine: A Trail of Destruction Though Francine had downgraded to a post-tropical cyclone by Thursday, its impact was far from over. The hurricane had already wreaked havoc across southeast Louisiana, southern Mississippi, and Alabama, bringing torrential rains and fierce winds. Entergy and…

The Ultimate Investment Strategy: Trump Promises Tax-Free Overtime Pay As the world’s best investment manager and financial market journalist, I bring you breaking news that could change the game for your finances. Republican U.S. presidential candidate Donald Trump has just announced a groundbreaking policy that could impact your bottom line. In a rally in Tucson, Arizona, Trump declared that if elected on Nov. 5, he will eliminate all taxes on overtime pay. That’s right – your hard-earned overtime hours will be completely tax-free. This bold move could mean more money in your pocket and a boost to your financial well-being.…

The Ultimate Guide to Palestinian Status at the United Nations By Michelle Nichols As the world’s best investment manager and financial market’s journalist, I am here to break down everything you need to know about the current status of the Palestinians at the United Nations. When Palestinian President Mahmoud Abbas attends the U.N. gathering in New York this month, he will be seated on the floor of the General Assembly among other member states for the first time. However, it’s important to note that the Palestinian Authority, representing the Palestinian people at the U.N., is not a full member and…

Insider Stock Sale at Meta Platforms, Inc.: Chief Legal Officer Sells $459K Worth of Shares – What Does This Mean for Investors? Meta Platforms, Inc.’s (NASDAQ:META) Chief Legal Officer, Jennifer Newstead, recently sold $459,405 worth of company stock, according to a new SEC filing. The sale of 905 shares took place on September 10, 2024, at $507.63 per share. This transaction was part of a Rule 10b5-1 trading plan adopted in November 2023 to avoid insider trading accusations. Despite the sale, Newstead still holds 37,817 Class A Common Stock shares in Meta Platforms, indicating a continued stake in the company.…

Amazon’s $660 Million Investment in Delivery Service Partners: What It Means for Drivers and Investors Amazon Increases DSP Compensation with $660 Million Investment Amazon.com Inc. (NASDAQ: AMZN) announced a substantial $660 million investment to boost compensation for its Delivery Service Partners (DSPs) over the next year. This strategic move aims to increase the national average earnings for drivers by at least $1.50, bringing their hourly rate to nearly $22, a 7% rise over last year’s figures. Key Highlights: Increased Driver Earnings: With this investment, Amazon aims to elevate driver earnings to approximately $22 per hour, depending on the location. Massive…

Trump criticized for association with far-right conspiracy theorist Laura Loomer By Kanishka Singh and Gabriella Borter The White House criticized former President Donald Trump on Thursday for his connection with far-right conspiracy theorist Laura Loomer, who has been accompanying the Republican presidential candidate recently. Loomer, who has 1.2 million followers on X, has been seen with Trump and has made controversial statements, including one about Democratic Vice President Kamala Harris. The White House spokesperson called Loomer’s comments “repugnant” and “un-American.” Despite the criticism, Trump’s campaign did not directly address his relationship with Loomer but emphasized his efforts for bipartisan unity…

Breaking News: IlWaddi Holdings Increases Stake in AlTi Global, Inc. (NASDAQ:ALTI) with $22,000 Share Purchase IlWaddi Holdings, a major shareholder in AlTi Global, Inc. (NASDAQ:ALTI), recently acquired additional shares in the company worth over $22,000. The purchase, executed at $3.87 per share on September 10, 2024, consisted of 5,854 shares of AlTi Global’s Class A Common Stock. This transaction brings IlWaddi Holdings’ total ownership in the company to 18,117,850 shares. Notably, IlWaddi Holdings is owned by H.E. Sheikh Jassim bin Abdulaziz J.H. Al-Thani, as revealed in the SEC filing footnotes. This move demonstrates IlWaddi Holdings’ confidence in AlTi Global’s future…

Air Canada Faces Critical Pilot Strike: What Investors and Travelers Need to Know By Rajesh Kumar Singh (Multibagger) – The ongoing standoff between Air Canada and its pilots over a new labor contract has intensified, with the airline taking an unprecedented step by urging Ottawa to be prepared to intervene to prevent a potential strike. Key Insights: Strike Timeline: A strike could commence as early as September 18. Impact Scope: Air Canada and its subsidiary Air Canada Rouge operate nearly 670 flights daily, impacting approximately 110,000 passengers and freight services. Government Intervention: Air Canada’s CEO, Michael Rousseau, has called for…

President Luiz Inacio Lula da Silva witnessed a monumental event as Brazil officially welcomed back a sacred Indigenous cloak adorned with 4,000 red feathers of the scarlet ibis bird. The ceremonial cape, used in religious rituals by the Tupinamba people of Bahia, was taken during the 17th century colonial era by Europeans. The significance of this repatriation was highlighted in a ceremony outside Brazil’s National Museum in Rio de Janeiro, showcasing Brazil’s commitment to preserving its cultural heritage. Originally removed during the Dutch occupation of northeastern Brazil, the cloak made its way to Denmark’s National Museum, where it remained for…

Terns Pharmaceuticals CFO Mark J. Vignola Engages in Stock Transactions – What Does This Mean for Investors? Terns Pharmaceuticals, Inc. (NASDAQ:TERN) Chief Financial Officer Mark J. Vignola recently made moves in the company’s common stock, according to a recent SEC filing. On September 10, Vignola sold 10,000 shares of Terns Pharmaceuticals at an average price of $11.00 per share, totaling $110,000. The transactions were conducted under a Rule 10b5-1 trading plan, established by Vignola on March 18, 2024, allowing insiders to trade stock on a predetermined schedule to avoid insider trading accusations. On the same day, Vignola acquired 10,000 shares…