Author: Multibagger News

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…

FAA’s Scrutiny of Boeing’s Safety Culture: What Investors Need to Know Federal Aviation Administration Chief to Testify Before Senate on Boeing Oversight WASHINGTON (Multibagger) – The Federal Aviation Administration (FAA) Administrator is scheduled to testify before the Senate Permanent Subcommittee on Investigations on September 25th regarding the regulatory oversight of Boeing (NYSE: BA). This testimony comes amidst heightened scrutiny of the aerospace giant’s safety practices, particularly following a January 5th mid-air emergency involving an Alaska Airlines Boeing 737 MAX. Key Points of the Hearing Background The Senate committee, spearheaded by Senator Richard Blumenthal, previously interrogated former Boeing CEO Dave Calhoun…

Asian Markets Outlook: Strong Finish Expected as Wall Street Gains Boost Sentiment By Jamie McGeever Asian stocks are set to end the week on a positive note, following a solid rise on Wall Street. The European Central Bank’s interest rate cut and expectations of a substantial easing cycle by the Fed have created a ‘risk on’ environment that is likely to uplift sentiment in Asia on Friday. The S&P 500 and Nasdaq have been on an upward trend, with the Nasdaq set for its biggest weekly gain this year. In Japan, the Nikkei surged 3.4% despite yen strength, indicating a…

Kim Jong Un Boosts North Korea’s Nuclear Arsenal with New Rocket Launcher Test SEOUL – In a bold move, North Korean leader Kim Jong Un recently visited a uranium enrichment facility to oversee the operation of its production lines, state media KCNA reported. This visit included a test-fire of a new 600mm multiple rocket launcher, showcasing the country’s advancements in military technology. Kim’s visit to the Nuclear Weapons Institute and the production base of weapon-grade nuclear materials also involved setting a long-term plan for increasing the production of these materials. The leader expressed his confidence in the worksite during the…

Insider Transaction Alert: Oportun Financial Corp Chief Legal Officer Sells Shares Worth $12,955 – What Does This Mean for Investors? In a recent move, Kathleen I. Layton, Chief Legal Officer of Oportun Financial Corp (NASDAQ:), sold 5,288 shares of the company’s stock at an average price of $2.45, totaling $12,955. These automatic transactions were related to tax obligations, not discretionary trading. Layton still holds 102,585 shares, indicating ongoing investment in the company. Oportun also secured a $245 million credit facility to boost lending operations. Analysis: – Oportun’s market cap is $85.38 million, with a strong gross profit margin of 95.11%.…