Author: Multibagger News

Bitcoin Investors Express Doubts in Short-Term Outlook as On-Chain Volumes Decline: Glassnode Report Recent data from Glassnode shows that Bitcoin investors are skeptical about the cryptocurrency’s immediate future. The decrease in exchange-related on-chain volumes indicates a cautious approach among market participants. In a recent tweet, Glassnode highlighted the lack of conviction among Bitcoin investors in the short term as on-chain volumes on exchanges dwindle. Despite centralized exchanges being the main platform for speculation and price discovery, the decrease in on-chain volumes suggests reduced investor demand and less trading activity in the current price range. The analysis of the 30-day/365-day momentum…

Insider Purchase Alert: Bridgford Foods Corp (NASDAQ:BRID) Vice President Acquires Additional Shares In a recent insider transaction, Richard Eugene Bridgford, Vice President of Industrial Relations & Safety at Bridgford Foods Corp (NASDAQ:BRID), purchased 105 shares of the company’s stock at $8.60 per share. This investment totaled $903 and increased Bridgford’s direct ownership stake to 2,700 shares. This move by an executive within the company signals confidence in Bridgford Foods Corp’s future prospects, as no corresponding stock sales were reported on the same day. Insider transactions like this can provide valuable insights for investors, indicating how top executives view the company’s…

Oxford Industries’ Q2 Earnings Miss Analyst Expectations and Lower Future Guidance Sends Shares Tumbling 7% ATLANTA – Oxford Industries Inc. (NYSE: OXM) Reports Disappointing Q2 Earnings and Weak Guidance: What Investors Need to Know Oxford Industries Inc. (NYSE: OXM), the parent company of well-known brands Tommy Bahama and Lilly Pulitzer, stumbled in its second-quarter financial performance, coming up short of analyst expectations for both earnings and revenue. The apparel company’s shares dropped by 7% in after-hours trading after releasing its Q2 results and issuing weaker-than-expected guidance for the remainder of 2024. Earnings and Revenue Miss: A Closer Look For the…

Blackstone CFO Cautiously Optimistic on Inflation Slowdown, Predicts Soft Landing – Investment Insights In a recent conference, Blackstone’s Chief Financial Officer Michael Chae expressed cautious optimism about a soft landing as inflation appears to be cooling faster than expected. While the future remains uncertain, Chae highlighted positive indicators such as a slowdown in both inflation and the economy. According to a Blackstone survey, only 14% of CEOs running the company’s portfolio companies predict a recession in the next 12 months. Chae pointed out that recent data showing a 2.5% rise in August CPI may not fully reflect the current situation,…

Federal prosecutors in Boston have taken down a massive network of websites selling illegal gun conversion devices from China, including machine gun switches and silencers. By Nate Raymond BOSTON (Multibagger) – U.S. authorities said on Wednesday they had seized more than 350 websites selling gun silencers and parts from China used to covert semiautomatic pistols into fully automatic machine guns. Federal prosecutors in Boston said the seizures followed an investigation since August 2023 into websites, businesses and people offering to illegally sell and import machine gun conversion devices. Law enforcement conducted undercover purchases from those websites of gun-related items, resulting…

Envoy Medical Director Buys $16K Worth of Company Stock – What Does This Mean for Investors? In a recent move, Mona Chetan Patel, a director at Envoy Medical, Inc. (NYSE:COCH), purchased 5,000 shares of the company’s Class A Common Stock, totaling $16,520. This insider buying could signal confidence in Envoy Medical’s growth potential. Patel’s purchases, made on September 9th and 11th, at prices ranging from $3.20 to $3.35 per share, reflect a positive outlook on the company’s future. This vote of confidence from an executive like Patel is often seen as a bullish sign for investors looking to gauge a…

After-Hours Stock Movers: Key Insights from Oxford Industries, Children’s Place, and AMD In-Depth Analysis: Market Reactions and Future Implications Oxford Industries (NYSE: OXM) Oxford Industries, the parent company of Tommy Bahama, saw its stock plummet by 8% in after-hours trading. The decline came after the company revised its full-year guidance downward. Management cited a continued drop in consumer sentiment, which hit an eight-month low in July. Children’s Place (NASDAQ: PLCE) Contrary to Oxford Industries, Children’s Place experienced a surge in its stock price, rising by 3% in after-hours trading. This increase extends an impressive intraday gain of 85% following the…

Blackstone CFO Cautiously Optimistic on Inflation Cooling Faster Than Expected In a recent conference, Blackstone’s Chief Financial Officer, Michael Chae, expressed cautious optimism about a potential soft landing as inflation appears to be cooling faster than anticipated. Chae highlighted the recent data showing a 2.5% rise in August CPI but pointed out that excluding shelter, the year-over-year CPI is closer to 1.7%. While some CEOs in Blackstone’s portfolio companies are predicting a recession in the next 12 months, Chae believes that both inflation and the economy are showing signs of cooling. He emphasized that the 10-year Treasury rate is more…

Title: UN Palestinian Refugee Agency Reports Six Staffers Killed in Gaza Airstrikes – Impact on Financial Markets and Investment Strategies As the world’s leading investment manager and top financial market journalist, I bring you the latest news from the UN Palestinian refugee agency, which has reported the tragic deaths of six of its staffers in two separate airstrikes in Gaza. This devastating event has sent shockwaves through the region and has the potential to have significant implications for global financial markets and investment strategies. In times of conflict and instability, investors often seek safe havens for their assets, such as…

OpenAI in Talks to Raise $6.5 Billion in Funding, Valuation Soars to $150 Billion OpenAI, a leading AI startup, is in discussions with investors to secure a whopping $6.5 billion in new funding, according to a report by Bloomberg. This latest funding round would value the company at an impressive $150 billion, a significant increase from its previous valuation of $86 billion earlier this year. This makes OpenAI the highest valued AI startup in the market today. Thrive Capital, a key investor in OpenAI’s previous rounds, is said to be leading this funding round. Other notable investors reportedly include tech…