Author: Multibagger News

Intuitive Surgical Inc (NASDAQ:ISRG) Executive Sells Shares Worth Over $113,000 – What Does This Mean For Investors? Intuitive Surgical Inc (NASDAQ:ISRG) has recently seen a significant transaction by EVP & Chief Strategy & Corp Op, Robert DeSantis, who sold shares worth over $113,000, as per a recent SEC filing. This move came on the same day as two separate acquisitions of shares through option exercises. What could this mean for investors? The transactions, dated September 10, 2024, show a clear pattern of DeSantis exercising options and selling the equivalent number of shares. Following these transactions, DeSantis still holds a total…

Federal Appeals Court Upholds SEC’s Right to Rescind Trump-Era Proxy Advisor Regulations: What This Means for Investors By Douglas Gillison (Multibagger) – In a pivotal decision, the U.S. Court of Appeals for the Sixth Circuit has upheld the Securities and Exchange Commission’s (SEC) authority to rescind parts of the Trump administration’s regulations on proxy advisors. This ruling represents a significant victory for Wall Street’s top regulator and a setback for major business groups like the U.S. Chamber of Commerce, Business Roundtable, and Tennessee Chamber of Commerce & Industry, who had challenged the SEC’s move in 2022. The Core of the…

Breaking News: Nvidia CEO Jen-Hsun Huang Sells $25 Million Worth of Company Stock – What Does This Mean for Investors? In a recent series of transactions, Jen-Hsun Huang, the President and CEO of Nvidia Corp (NASDAQ:), sold shares of the company’s stock valued at over $25 million. The sales occurred on September 6 and September 9, according to the latest filings with the Securities and Exchange Commission. Huang sold a total of 159,774 shares in multiple transactions at prices ranging from $100.99 to $108.00. Following these sales, Huang’s direct ownership in Nvidia stands at 75,895,836 shares. The transactions were executed…

Trevor Milton Ordered to Pay Nikola Corp $167.7 Million Over Fraud Conviction: A Deep Dive into the Case and Its Financial Implications By Jonathan Stempel (Multibagger) – In a landmark decision, U.S. District Judge Diane Humetewa has ordered Trevor Milton, the founder of Nikola Corp (NASDAQ: NKLA), to pay $167.7 million to the electric truck maker. This follows Milton’s conviction of fraud and his subsequent four-year prison sentence for making false and misleading statements about the company’s capabilities and progress. Court Upholds Arbitration Panel’s Decision On Monday, Judge Humetewa upheld a November 2023 award by a divided arbitration panel, which…

By the Legendary Investment Manager and Financial Market’s Journalist, Wa Lone TORONTO (Multibagger) – Ukrainian diplomats and activists in Canada are calling for the Toronto International Film Festival to cancel screenings of a controversial documentary titled “Russians At War,” which portrays Russian soldiers fighting in Ukraine. They claim that the film is a form of Russian propaganda. The documentary, filmed by Anastasia Trofimova, a Russian-Canadian director, provides a raw and unfiltered look at the war from the perspective of soldiers on the ground. Ukrainian Consul General Oleh Nikolenko has criticized the film, alleging that it whitewashes war crimes committed by…

Are AI Tools Threatening the Future of Online Content Creation and Monetization? Senators Demand Investigation A group of Democratic senators, led by Amy Klobuchar (D-MN), is calling on the FTC and Justice Department to look into whether AI tools that summarize online content are engaging in anti-competitive practices. These tools, which generate summaries of news articles, recipes, and other content, are keeping users on search platforms like Google and Meta rather than directing them to the original publisher’s website. This allows the platform to profit from advertising and data collection without compensating the content creators. The senators argue that as…

Title: Alphabet Executive Amie Thuener O’Toole Offloads $429,587 in Stock – What Does This Mean for Investors? As the world’s best investment manager and financial market journalist, I am here to bring you the latest news on Alphabet executive Amie Thuener O’Toole’s recent sale of $429,587 in stock. This move has caught the attention of many investors, and I am here to break it down for you. First and foremost, it is important to understand that when a high-ranking executive like O’Toole sells a significant amount of stock, it can often be seen as a signal to other investors. This…

Title: Tech Giants Slash Business Flight Emissions by 49% in 2023, But Apple and Alphabet Lag Behind Introduction As the world’s leading investment manager and financial market journalist, I bring to your attention a pivotal development in the realm of corporate sustainability. In 2023, global tech giants managed to halve their business flight emissions compared to 2019 levels. However, companies like Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOGL), Google’s parent company, are facing criticism for their lackluster progress in this area, according to a recent report by the Brussels-based NGO, Transport & Environment (T&E). Key Findings Overall Reduction in Emissions:…

The Impact of Oil and Commodity Prices on Asian Markets: What Investors Need to Know | Jamie McGeever As the world’s best investment manager and financial market journalist, I am here to break down the latest developments in the market for you. The slide in oil and commodity prices is causing a stir among investors, especially with Wednesday’s U.S. consumer price inflation figures on the horizon. But the big question is, should investors see this as a positive ‘risk on’ signal or not? The answer lies in how these price changes reflect on U.S. inflation and the potential impact on…

Title: Breaking News: Rockets Near U.S. Forces at Camp Victory Base in Baghdad – What Investors Need to Know As the world’s best investment manager and financial market journalist, I bring you the latest update on the situation near Baghdad airport. Security sources have reported that two rockets fell near U.S. forces stationed at the Camp Victory base, causing material damage but fortunately, no casualties were reported. The U.S. embassy has not yet responded to requests for comment on the incident. However, Iraq’s Iran-backed armed faction, Kataib Hezbollah, has claimed responsibility and stated that the attack was aimed at disrupting…