Author: Multibagger News

As the top investment manager in the world, I bring you the latest news on HUSSLUP, the job search and networking app for the entertainment industry. HUSSLUP founder and CEO H Schuster has announced an “indefinite hiatus” for the app, citing the challenging times faced by the entertainment industry. Despite a slight increase in jobs, the unemployment rate in Hollywood remains high. The Art Directors Guild reported that 75% of its members were unemployed, reflecting the industry’s struggles. Factors such as recent strikes and layoffs at major studios have contributed to this decline. In a difficult time for startups, HUSSLUP…

Nassim Taleb Praises Gold Amidst Real “De-Dollarization” Trend Renowned scholar and author Nassim Nicholas Taleb recently took to social media to praise gold as central banks around the world shift towards storing this precious metal. Taleb highlighted the significant increase in gold prices, which have surged by approximately 30% year-on-year. Taleb also spoke about the ongoing “de-dollarization” trend, noting that despite trade settlements still being conducted in U.S. dollars, central banks from BRICS countries have been accumulating gold as a risk-off asset. This shift towards gold as a reserve asset signifies a changing global financial landscape. On the other hand,…

Sezzle Inc. (SEZL) Stock Hits Record High at $140.47 – What’s Driving the Surge? Sezzle Inc. (SEZL) has seen a remarkable milestone, reaching a 52-week high of $140.47. This surge reflects a strong uptrend in the company’s market performance, with a 70.71% increase in stock value over the past year. The buy-now-pay-later firm’s strategic initiatives and expansion in the fintech space have attracted attention from analysts and investors. Recent changes in Sezzle’s board of directors, with new appointments meeting NASDAQ’s requirements, have added to the positive sentiment. B. Riley has initiated coverage on Sezzle with a Buy rating and a…

European Banking Shake-Up: UniCredit’s Stake in Commerzbank Sparks Major Consolidation Speculations By Tommy Reggiori Wilkes and Prinz Magtulis (Multibagger) – In a move that has set the financial world abuzz, UniCredit’s acquisition of a stake in Commerzbank (ETR:) is fueling speculations about a new wave of consolidation in the European banking sector. This follows the dramatic hostile bid for Sabadell by Spain’s BBVA (BME:). For years, European financial regulators have championed the idea of bank mergers, both domestically and across borders, to create fewer but stronger institutions. This, they argue, would not only bolster the economy but also enable Eurozone…

Global Dividends Reach Record Highs in Q2 2024, Propelled by Banks and Financial Companies In the second quarter of 2024, global dividends surged to a record $606.1 billion, driven by banks and financial institutions capitalizing on higher interest rates and increased profits. This marks a significant increase from the $568.1 billion paid out in the same period last year, as reported by the Global Dividend Index by Janus Henderson. WHY IT’S IMPORTANT: Banks have been leading the way in global dividend payouts, accounting for a substantial portion of dividends distributed over the past few years. Financial companies have consistently contributed…

Israeli Airstrike Kills Five in Tubas, West Bank – Latest Updates By Ali Sawafta An Israeli airstrike killed at least five people in the West Bank city of Tubas on Wednesday, Palestinian emergency services said, as Israeli security forces continued an extended operation that the military said targeted Iranian-backed militant groups. The Palestinian Red Crescent said rescue crews had recovered five bodies at the site and had transferred them to hospital. The Israeli military confirmed the strike, which it said had hit an armed militant group, but gave no details. “As part of the counter-terrorism activity, an IAF (Israeli Air…

Raoul Pal, Real Vision CEO and Wine Collector, Joins dVIN Labs Board of Directors New York, New York, September 11th, 2024, Chainwire dVIN Labs, the team behind the innovative dVIN protocol, has appointed Raoul Pal, the Co-Founder & CEO of Real Vision and a passionate wine enthusiast, to its board of directors. David Garrett, Co-Founder & CEO of dVIN Labs, expressed his excitement about the appointment, highlighting Raoul’s shared vision of revolutionizing the wine industry through blockchain, data, DePIN, and tokenization. Raoul’s extensive network and expertise in financial technology make him the perfect fit to unlock the immense potential of…

Western Asset Municipal High Income Fund (MHF) Stock Hits 52-Week High, Soaring to $7.28: InvestingPro Insights In a bullish trading session, the Western Asset Municipal High Income Fund (MHF) stock has reached a new 52-week high of $7.28, showcasing a remarkable recovery and boosting investor confidence in the fund’s performance. With a notable 16.53% change over the past year, MHF has outperformed its peers, indicating strong market approval of its management and strategy. This achievement in a challenging economic environment highlights the fund’s resilience and the increasing interest in municipal high-income investments. InvestingPro Insights on MHF: – Market capitalization of…

Deutsche Bank Upgrades Star Bulk Carriers and Genco Shipping with Strong Buy Ratings: Here’s Why You Should Care Introduction As an astute investor, staying informed about significant market movements is essential. Deutsche Bank has recently expanded its maritime shipping sector coverage, assigning "Buy" ratings to Star Bulk Carriers (NASDAQ: SBLK) and Genco Shipping & Trading Limited (NYSE: GNK). Here’s a detailed analysis of why these stocks have caught the eye of one of the world’s leading financial institutions and what it means for your investment portfolio. Why Star Bulk Carriers (SBLK) is a Strong Buy Deutsche Bank has set a…

By Howard Schneider Springfield, Ohio has become a focal point in the U.S. presidential race, thanks to the influx of Haitian immigrants like Rose Joseph and Banal Oreus. Their journey to this Midwestern city highlights the economic opportunities that drew them here, reshaping the community in the process. With as many as 15,000 Haitian immigrants arriving in Springfield over the last few years, the city has seen a surge in population, leading to both promise and challenges. While false claims about crime and atrocities have circulated, data shows a more nuanced picture of the impact of this immigration wave. Analysis…