Author: Multibagger News

Brazil’s Senate to Vote on New Central Bank Chief Nomination on October 8 In an exclusive update, Brazil’s Senate is set to vote on the nomination of Gabriel Galipolo as the new chief of the central bank on October 8. This announcement comes from Rodrigo Pacheco, the chief of the upper house, adding to the anticipation surrounding this crucial decision. Before the confirmation voting in the Senate, President Luiz Inacio Lula da Silva’s nomination of Galipolo needs to be discussed in a Senate committee hearing, the date for which is yet to be scheduled. The administration’s aim to push the…

By Brendan O’Boyle, Orfa Mejia A top anti-corruption activist has demanded that Honduran President Xiomara Castro step down following the release of a video that suggests her brother-in-law was involved in negotiating campaign donations with drug traffickers more than a decade ago. The emergence of the video comes shortly after President Castro terminated an extradition treaty with the United States, a move that drew attention to her conservative predecessor’s conviction on cocaine trafficking charges in New York. Gabriela Castellanos, head of the National Anti-Corruption Council, penned a letter to Castro urging her to resign due to the “serious drug trafficking…

Barclays Initiates Coverage of Jackson Financial Inc. with Overweight Rating and $109 Price Target Barclays recently initiated coverage of Jackson Financial Inc. (NYSE: JXN) with an Overweight rating and a price target of $109. The firm believes that the current stock valuation does not fully reflect the company’s potential for cash generation. According to the analyst’s statement, Jackson Financial has demonstrated the capability to generate over $1 billion in cash, which could lead to significant capital deployment and enhance shareholder value. The positive outlook is based on Jackson Financial’s robust cash generation abilities, with the analyst suggesting that the market…

Title: “U.S. Crude Oil Futures Rebound as API Reports Surprising Decline in Stocks – Analysis & Forecast” Investing.com – In the latest post-settlement trading session, U.S. crude oil futures saw a slight uptick after the American Petroleum Institute released a report showing a larger-than-expected decrease in weekly domestic crude stocks. The U.S. benchmark traded at $69.30 a barrel, recovering from a 1.6% dip to $69.20 a barrel earlier in the day. According to the API report, crude inventories dropped by approximately 7.4 million barrels for the week ending August 30, surpassing economists’ expectations of a mere 900,000 barrel decline. Gasoline…

Ciena Corporation Shines in Q3 with Robust Growth and Strategic Innovation Ciena Corporation (NYSE: CIEN) has delivered a stellar performance in its fiscal third quarter. The company reported impressive revenue of $942 million and adjusted earnings per share (EPS) of $0.35. The adjusted gross margin stood at 43.7%, while the adjusted operating margin was 8%. CEO Gary Smith emphasized the robust demand for network capacity and architectures, driven by cloud adoption and AI-driven network traffic. Key Metrics from Ciena’s Q3 Performance Revenue: $942 million Adjusted EPS: $0.35 Adjusted Gross Margin: 43.7% Adjusted Operating Margin: 8% Projected Q4 Revenue Range: $1.06…

By Steve Holland Deputy U.S. national security adviser Jon Finer’s recent meeting with Ukrainian President Volodymyr Zelenskiy in Kyiv has sparked discussions on key priorities in Ukraine’s war with Russia for the remainder of President Joe Biden’s term, according to U.S. officials. Finer’s talks included a 90-minute meeting with Ukrainian military officials to strategize on the ongoing conflict and future plans. Russian forces are advancing in eastern Ukraine, while Ukrainian troops have made a bold move into Russia’s Kursk region. The upcoming months are crucial for Zelenskiy as he aims to gain more support from the West and regain control…

Title: Breaking News: Internet Archive Loses Lawsuit Over Emergency Ebook Lending – Impact on Publishers and Digital Lending Industry As the top investment manager and financial market’s journalist, I bring you the latest update on the long-running lawsuit involving the Internet Archive’s controversial ebook lending practices during the COVID-19 pandemic. The lawsuit, which centered around the Internet Archive’s National Emergency Library program allowing wider access to 1.3 million ebooks, has finally concluded with a victory for publishers. Despite the Internet Archive’s assertion that their actions fell under fair use and were in the public interest, the courts found them liable…

Liquidia Corp (NASDAQ:LQDA) Chief Commercial Officer Scott Moomaw Engages in Stock Transactions Worth $5,186 Liquidia Corp (NASDAQ:LQDA) Chief Commercial Officer Scott Moomaw recently conducted stock transactions involving the company’s shares, according to SEC filings. Moomaw sold 546 shares at an average price of $9.4997, totaling around $5,186. These transactions were part of a Rule 10b5-1 trading plan to cover taxes related to the settlement of restricted stock units (RSUs). Furthermore, Moomaw acquired 1,875 shares of common stock through the vesting of RSUs on August 30, 2024. This acquisition was from a grant awarded in January 2022, with 18,750 RSUs having…

Johnson & Johnson’s $1.1 Billion Addition to Talc Settlement: What It Means for Investors and Claimants Breaking News: Johnson & Johnson’s Talc Settlement Expands by $1.1 Billion (Multibagger) – Johnson & Johnson (NYSE: JNJ) has announced an additional $1.1 billion to resolve ongoing legal battles surrounding claims that its baby powder and other talc products caused cancer. This decision emerges after securing 12,000 more votes in favor of its settlement plan, particularly winning over a significant opponent, Allen Smith, a tort lawyer representing a substantial number of claimants. Previously, J&J proposed an $8 billion settlement to be paid over 25…

The Grenfell Tower tragedy in 2017 was a result of decades of failure by various entities, as detailed in a recent public inquiry. The government, construction industry, and local authorities all share responsibility for the disaster that claimed 72 lives. The report highlighted the government’s negligence in identifying the risks of combustible cladding and insulation in high-rise buildings. The Royal Borough of Kensington and Chelsea (RBKC) failed to ensure building compliance after the refurbishment. The Tenant Management Organization (TMO) and various firms involved in the project also played a role in the tragedy. Companies like Arconic, Celotex, and Kingspan were…