Author: Multibagger News

Heather L. Hasson Sells Shares of FIGS Inc. (NYSE:FIGS) Amidst Positive Financial Performance In a recent financial disclosure, Heather L. Hasson, the Executive Chair of FIGS, Inc. (NYSE:FIGS), a leading company specializing in medical apparel, reported selling shares of the company’s stock. The transaction, which occurred on September 5, 2024, involved the sale of 2,983 shares at a price of $6.19 per share, totaling approximately $18,464. This sale was necessary to cover taxes and fees associated with the vesting and settlement of Restricted Stock Units (RSUs). The shares were sold based on a pre-set 10b5-1 instruction letter to meet tax…

Samsung SDI Divests Polarizing Film Business to Wuxi Hengxin Optoelectronic Materials for $836 Million SEOUL (Multibagger) – Samsung SDI, a leading South Korean battery manufacturer, announced on Tuesday its strategic decision to sell its polarizing film business to China’s Wuxi Hengxin Optoelectronic Materials for a substantial 1.12 trillion won ($836.47 million). Strategic Divestment: Key Details In a regulatory filing, Samsung SDI disclosed that the sale encompasses the manufacturing and sales operations of polarizing films based in Cheongju and Suwon, South Korea. Additionally, the deal includes the entirety of Samsung SDI’s overseas unit located in Wuxi, China. Focus on Core Competencies…

By Patricia Zengerle The Biden administration has finally delivered a classified report to Congress outlining its strategy for the war in Ukraine, according to three sources. This report comes after a June deadline set in a crucial spending bill passed by lawmakers earlier this year. Lawmakers have approved nearly $175 billion in aid and military support for Ukraine and its allies since Russia’s invasion began. The report, which includes details on funding for Ukraine, Israel, and efforts to counter China, was requested as part of a $95 billion supplemental spending bill passed in April. While President Biden’s support for Ukraine…

Japanese Firms Brace for Increased Scrutiny on Overseas Deals Amid U.S. Resistance to Nippon Steel’s $15 Billion U.S. Steel Purchase In a recent development, Japanese firms are facing heightened scrutiny on their overseas deals, particularly after facing resistance from the U.S. on Nippon Steel’s $15 billion acquisition of U.S. Steel. This move has raised concerns about potential national security risks and could impact trust between the two allies. The White House is reportedly on the verge of blocking the deal on national security grounds, signaling a shift in how such transactions are being viewed. This has prompted both buyers and…

Unveiling Apple’s Revolutionary AI-Powered Upgrades for watchOS 11 | Latest Updates from Apple Event 2024 Apple’s watchOS is set to receive groundbreaking AI-powered upgrades, as revealed at the highly anticipated Apple Event 2024. While some of these features were initially showcased at the Worldwide Developers Conference (WWDC) in June, Apple provided further insights during its keynote presentation. One of the most exciting additions to watchOS 11 is the integration of the Translate app, which will utilize AI technology for speech recognition and translation across multiple languages. What sets this apart is that on the Apple Watch Series 9, Apple Watch…

Michael Cannon-Brookes Sells Over $1.28 Million Worth of Atlassian (NASDAQ:TEAM) Stock – What Does This Mean for Investors? Michael Cannon-Brookes, the CEO and Co-Founder of Atlassian Corporation (NASDAQ:TEAM), recently sold a significant portion of his holdings in the company. The sales, totaling over $1.28 million, took place on September 6, 2024, at varying prices ranging from $159.51 to $165.13 per share. These transactions were part of a prearranged trading plan adopted by Cannon-Brookes earlier in the year. Despite these sales, Cannon-Brookes still retains a substantial number of shares in Atlassian, owning 127,168 shares indirectly through a trust. The company has…

The auction of shares in Venezuela-owned refiner Citgo Petroleum’s parent company faces hurdles as three creditors pursue lawsuits to recoup billions from defaulted Venezuelan bonds, potentially derailing the sales process. The highest bid received so far falls short of the $21.3 billion in claims, raising concerns among bidders about future asset claims by creditors. Analysis: The auction of Citgo Petroleum’s parent company shares is at risk due to lawsuits from creditors seeking to recover debts from defaulted Venezuelan bonds. The highest bid received is insufficient to cover the total claims, creating uncertainty for bidders. This situation could impact the outcome…

Title: Australia Takes Bold Step to Ban Children from Social Media to Safeguard Mental Health and Well-being — Australia’s Groundbreaking Move to Ban Children from Social Media: What It Means for Families and Investors SYDNEY (Multibagger) – In a landmark decision, Australia has announced plans to introduce legislation this year aimed at banning children from using social media platforms, due to concerns over the negative impacts on their physical and mental health. Prime Minister Anthony Albanese has revealed that his centre-left government will initiate an age verification trial over the next few months. "I want to see kids off their…

The Disinflation Dilemma: Why Falling Prices Could Be the Next Big Market Risk Inflation has been a hot topic in the financial world, but what if I told you that the real concern might be disinflation? Despite recent strong U.S. price pressures, signs are pointing towards a potential undershoot of the Federal Reserve’s 2% target. As an expert investment manager and financial journalist, I can see the warning signs: declining inflation metrics, slumping commodities prices, a softening labor market, and cooling wage pressures all indicate disinflation is on the horizon. Even the August employment report showed slower payroll growth and…

Top Investment Manager Reveals: UK-US Strategic Dialogue to Strengthen Ties and Boost Growth LONDON (Multibagger) – Brace yourself for a game-changing meeting between British Foreign Secretary David Lammy and U.S. Secretary of State Antony Blinken in London on Tuesday. The British government has confirmed that discussions will focus on crucial topics such as support for Ukraine and de-escalation of violence in the Middle East. Rumors of Iran supplying Russia with ballistic missiles have been denied by a senior Iranian official, with a European Union spokesperson calling the information “credible”. The meeting between Lammy and Blinken marks the beginning of a…