Author: Multibagger News

PORTLAND – In a strategic move, Bollinger Motors, a subsidiary of Mullen Automotive Inc. (NASDAQ:), has teamed up with TEC Equipment Inc. to distribute its commercial electric vehicles (EVs) across key Western U.S. markets. TEC Equipment, a prominent truck and trailer dealership, will be adding 20 new locations to Bollinger Motors’ commercial EV dealer network, strengthening the company’s presence along the Interstate 5 corridor through California, Oregon, and Washington. This expansion into Arizona, California, Iowa, Nebraska, Nevada, Oregon, South Dakota, and Washington signifies a major step forward for Bollinger Motors, with TEC Equipment bringing extensive industry experience in sales and…

(Multibagger) – U.S. New Vehicle Sales Surge Over 4% in August: What Investors Need to Know According to a joint report released on Thursday by industry consultants J.D. Power and GlobalData, new vehicle sales in the United States are projected to rise by more than 4% in August compared to the same period last year. This increase is partially attributed to the inclusion of the Labor Day weekend within the reporting period. On a seasonally adjusted annualized rate (SAAR) basis, which accounts for the timing of Labor Day, sales are expected to remain relatively stable at approximately 15.3 million units.…

Unemployment Claims Unchanged as Economy Grows Stronger Than Expected in Q2 – What Does This Mean for Your Investments? As the world’s best investment manager, financial market journalist, and SEO mastermind, I bring you the latest news on the US economy. Last week, the number of Americans filing new applications for unemployment benefits remained steady, while the economy showed stronger growth than anticipated in the second quarter. Initial claims for state unemployment benefits came in at 231,000, slightly below the forecast of 232,000. Meanwhile, the number of people receiving benefits after the first week rose to 1.868 million. In more…

By the World’s Best Investment Manager, Financial Market’s Journalist and SEO Mastermind Recent events in Ukraine have sent shockwaves through the nuclear power sector, as a Russian drone and missile attack targeted energy facilities, forcing the country to disconnect several nuclear power units from the grid. This attack poses a significant risk to the stable operation of nuclear facilities in Ukraine, raising concerns about the safety of millions of people. Russia’s aggressive actions, which have escalated since February 2022, have intensified with targeted attacks on Ukraine’s power grid. The deliberate targeting of energy infrastructure by the Russian Federation is a…

Russian Government Hackers Using Exploits from Spyware Makers, Google Reveals Google has uncovered evidence linking Russian government hackers to exploits used by spyware makers Intellexa and NSO Group. In a recent blog post, Google highlighted how these exploits, found on Mongolian government websites, could compromise iPhones and Android devices, potentially leading to data theft. The hackers, known as APT29, are highly skilled and have targeted tech giants like Microsoft and SolarWinds in the past. Google’s investigation revealed that the exploit code was hidden on Mongolian government websites, with the aim of stealing user account cookies stored in Safari and Chrome…

Breaking News: Massive $500 Million Bitcoin Withdrawal Shocks Major US Exchange In a bold move, almost half a billion dollars worth of Bitcoin (BTC) has been withdrawn from the leading U.S. crypto exchange Coinbase today, heading towards an unknown destination. According to Whale Alert, a whopping 7,999 BTC, equivalent to approximately $472.8 million, was taken out of the exchange’s cold wallet and sent in multiple transactions to an address with the code “13F8P8.” But that’s not where it ends – this enormous sum of cryptocurrency was then distributed to 50 other mysterious addresses in exact portions of 157 BTC, or…

Breaking News: Wells Fargo Raises Salesforce.com Inc. (NYSE:CRM) Price Target to $275 Amid Strong Q2 Performance Wells Fargo has adjusted its outlook on Salesforce.com Inc. (NYSE:CRM), increasing the price target to $275 from $250 while maintaining an Equal Weight rating. This follows Salesforce’s solid second-quarter financial results, with revenue exceeding guidance by 0.8%. Although there was a deceleration in year-over-year growth, core segments showed resilience. Growth in MuleSoft and Tableau segments slowed due to timing issues. The calculated remaining performance obligations (cRPO) grew by 10%, surpassing guidance, and profitability saw a significant increase with operating margins improving by 210 basis…

Campbell Soup Co. Faces Profit Challenges Amid Rising Costs and Promotional Investments: A Comprehensive Analysis for Investors (Multibagger) – Campbell Soup Co. (NYSE: CPB) has projected its annual profit below Wall Street expectations, largely due to sustained high raw material costs and planned investments in promotional activities. This announcement underscores the broader challenges faced by packaged food companies in managing rising input costs and maintaining profit margins. Key Financial Highlights: Profit Forecast: Campbell Soup Co. forecasts adjusted earnings between $3.12 and $3.22 per share for fiscal 2025, falling short of analysts’ average expectation of $3.23 per share. Q4 Performance: For…

By Patrick Werr In its newly released annual budget, Egypt’s central bank revealed a continuous increase in lending to the government, despite a decrease in inflation from its peak in September. This trend has raised concerns among economists about the potential negative impact on the economy, including inflation and exchange rate fluctuations. The latest data from the central bank shows a significant rise in the “M1” money supply, which includes domestic currency in circulation and demand deposits in Egyptian pounds. This growth in money supply has coincided with a period of economic vulnerabilities exacerbated by external shocks such as the…

ABBA Members Demand Donald Trump to Stop Using Their Music at Campaign Rallies In a bold move, ABBA, the iconic Swedish pop group, has demanded that U.S. Republican presidential candidate Donald Trump cease using their music and videos at his campaign rallies. Hits like “The Winner Takes It All”, “Money, Money, Money”, and “Dancing Queen” were reportedly played at a recent rally in Minnesota, prompting the band’s record label, Universal Music, to take action. Universal Music stated that no permission or license had been granted to the Trump campaign for the use of ABBA’s music and videos. The band’s representatives…