Author: Multibagger News

Carvana Co. Insider Sells $21.8 Million in Shares, What Does This Mean for Investors? Carvana Co. (NYSE:CVNA) recently saw insider Ernest C. Garcia II sell a significant amount of Class A Common Stock, totaling over $21 million. The sales, executed over two days, reduced Garcia’s direct holdings to zero by the end of the reported period. This move, conducted under a Rule 10b5-1 trading plan, allows insiders to sell shares over a predetermined period and can provide insights into the company’s valuation and future prospects. While the filing also mentioned the conversion of Class A Common Units into Class A…

Raiffeisen Bank Shares Frozen by Russian Court: What It Means for Investors and Global Markets Raiffeisen Bank International Faces Major Setback as Russian Court Freezes Local Shares Amid Ongoing Geopolitical Tensions — Key Highlights: Russian Court Action: Russian court has frozen shares in Raiffeisen Bank International’s (RBI) local subsidiary. Impact on Sale: The freeze prohibits any sale of the business for the foreseeable future. Operational Continuity: Despite the freeze, bank operations in Russia remain unaffected. Regulatory Pressure: European Central Bank (ECB) continues to push RBI to reduce its Russian business footprint. Financial Lifeline: RBI is crucial for millions of Russians…

Title: Exclusive: DOJ Indicts Russian GRU Officers for WhisperGate Cyberattack Meta Description: The U.S. Department of Justice has accused five members of Russia’s military intelligence agency of hacking Ukrainian government agencies, NATO countries, and a U.S. government agency, among others. Find out more about this cyberattack and its impact. On Thursday, the U.S. Department of Justice announced the indictment of five members of Russia’s Main Intelligence Directorate, also known as GRU, for their involvement in the WhisperGate cyberattack. The indictment names Russian GRU colonel Yuriy Denisov and lieutenants Vladislav Borovkov, Denis Denisenko, Dmitriy Goloshubov, and Nikolay Korchagin, along with a…

Peter Schiff Criticizes Bitcoin ETF Hype, Claims Gold ETFs Outperforming – U.Today Renowned financial expert Peter Schiff has once again targeted ETFs, stating that their recent performance proves that the excitement around them is misguided. In a recent analysis, Schiff highlighted the significant difference in returns between Bitcoin and gold ETFs. While Bitcoin ETFs have only seen modest gains of less than 17% since their launch in January, precious metal ETFs have surged over 24% despite facing substantial outflows. Schiff believes that investors erred in favoring Bitcoin ETFs over gold ETFs. Schiff has been a long-time critic of Bitcoin ETFs,…

Eastside Distilling, Inc. (NASDAQ:EAST) Announces Registered Direct Offering at $1.00 per Share to Institutional Investor Eastside Distilling, Inc. (NASDAQ:EAST) has disclosed a registered direct offering to a single institutional investor, pricing 442,042 shares of common stock at $1.00 each. The offering is anticipated to close on September 6, 2024, subject to customary closing conditions. Joseph Gunnar & Co., LLC is acting as the sole placement agent for this transaction. The shares and warrants are being offered under a shelf registration statement on Form S-3, filed with the SEC on September 3, 2021, and deemed effective on September 14, 2021. The…

Title: Donald Trump’s Energy Policy and Its Impact on the Financial Markets As the world’s best investment manager and financial market journalist, I am here to analyze the recent energy policy platform laid out by Presidential hopeful Donald Trump. Trump’s campaign focuses on maximizing U.S. fuel and power output by dismantling the Biden administration’s efforts to fight climate change. This could have significant implications for the nation’s power grid and energy industry. One of the key targets of Trump’s campaign is Biden’s power plant rule, which aims to reduce carbon emissions from power plants. Trump has criticized this rule, stating…

Texas Energy Regulators Deny Funding for Aegle Power Plant Amid Controversy: What It Means for Investors Texas Energy Fund Rejects Aegle Power’s $1.3 Billion Project Proposal NEW YORK (Multibagger) – In a surprising turn of events, Texas energy regulators have rejected the public funding request for a proposed $1.3 billion power plant. Aegle Power, which was recently named a finalist for the Texas Energy Fund (TEF) initiative aimed at expanding natural gas-fired electricity generation, failed to meet the necessary due diligence requirements, according to state documents. Key Takeaways Rejection of Funding: The Public Utility Commission of Texas (PUCT) has denied…

Brazil Trade Surplus Shrinks to $4.828 Billion in August: What Does This Mean for Investors? SAO PAULO (Multibagger) – Brazil’s trade surplus for August came in at $4.828 billion, a significant drop of almost 50% compared to the same period last year. This figure also fell short of market expectations, with economists surveyed by Multibagger predicting a surplus of $6.1 billion. The decrease in the trade surplus was mainly driven by a 6.5% year-on-year decline in exports, totaling $29.1 billion. This drop was attributed to lower shipments of soybeans, corn, iron ore, and oil, according to the Ministry of Development,…

Breaking News: Calyxia Raises $35 Million in Series B Round, On Track to Achieve Profitability by 2026 In a groundbreaking development, French clean tech startup Calyxia has secured a $35 million Series B funding round, propelling the company towards profitability by 2026. This investment will enable Calyxia to scale up its industrial production of sustainable alternatives to microparticles and microcapsules, positioning it as a leader in the global market. The environmental impact of microplastics pollution is a pressing issue that Calyxia is addressing head-on. By offering eco-friendly solutions to traditional manufacturing processes, Calyxia aims to revolutionize the industry and pave…

Breaking News: Satoshi-Era Bitcoin Wallet Resurrected After 11.9 Years with $1.8 Million Profit – Whale Alert Reveals Shocking 500,772% Increase in Investment Returns In a groundbreaking development, dormant whales are resurfacing after over a decade of dormancy in the crypto market. A whale’s wallet, inactive for 11.9 years, recently came back to life with 31 BTC, now valued at a staggering $1,813,156 compared to its $362 initial investment back in 2012. This remarkable 500,772% profit surge showcases the potential of long-term crypto investments. Moreover, Bitcoin ETFs are experiencing significant outflows, with only Bitwise welcoming a modest $9.5 million in BTC…