Author: Multibagger News

InvestingPro Insights: SurgePays (OTC:SURG) CFO Sells Shares, Revenue Decline Explained In a recent move that caught the attention of investors, SurgePays, Inc. (OTC:SURG) Chief Financial Officer, Anthony George Evers, sold a portion of his holdings in the company. The sale, totaling 36,667 shares, resulted in a net profit of over $56,000. These transactions were made to cover taxes associated with the vesting of restricted share awards. Prior to these sales, Evers was awarded 66,667 restricted shares that are set to vest in the future. Despite the recent sales, Evers still holds a significant number of shares in SurgePays, signaling his…

Top Investment Manager Reveals Impending Recession Threat: Is It Too Late for Rate Cuts? In a recent report by BCA Research, it is suggested that upcoming rate cuts may not be enough to prevent an impending recession. The effects of monetary policy operate with a lag, meaning that the current economic conditions reflect the impact of the previous tightening cycle. Therefore, the expected rate cuts, while on the horizon, may come too late to make a significant difference. Despite recent market optimism and a risk-on narrative, BCA assigns high odds to the US economy entering a recession within the next…

Orano Selects Oak Ridge, Tennessee for Multi-Billion Dollar Uranium Enrichment Plant France’s Orano, a state-owned nuclear fuel company, has chosen Oak Ridge, Tennessee as the preferred site for a new U.S. uranium enrichment plant. This decision follows recent legislation signed by President Joe Biden to reduce reliance on Russia, the top global supplier of enriched uranium. The law prohibits Russian uranium imports and allocates $2.7 billion for domestic uranium projects. Jean-Luc Palayer, CEO of Orano USA, stated that the company is progressing towards establishing the plant by securing federal support, customer commitments, and regulatory approvals. The facility aims to enhance…

Title: Boeing Workers Vote on First New Contract in 16 Years: Labor Secretary Urges Fair Deal Ahead of Potential Strike By Allison Lampert NEW YORK (Multibagger) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing (NYSE:BA) and over 30,000 of the planemaker’s factory workers to bridge their differences in negotiations and agree on a fair contract, with a critical vote looming on September 12. Boeing’s Seattle-area workers, who are responsible for producing the company’s best-selling 737 commercial jet, are set to vote next week on their first new contract in 16 years. Key issues in the negotiations include…

By Lucia Mutikani WASHINGTON (Multibagger) – The U.S. trade deficit expanded to its highest level in over two years in July, driven by businesses likely front-loading imports ahead of anticipated tariff increases on goods. This trend suggests that trade could continue to impede economic growth in the third quarter. The surge in imports reported by the Commerce Department points to strong domestic demand, contradicting fears in the financial markets of an impending recession. “The July trade data indicate that net trade may dampen third-quarter GDP growth, but this should not be a cause for alarm, as it reflects the sustained…

The Grenfell Tower tragedy, which claimed the lives of 72 people including Hisam Choucair’s sister, brother-in-law, and nieces, has left a lasting impact on the community and the families affected. The final report released by a public inquiry has highlighted the failings of the government, construction industry, and firms involved in fitting the tower with flammable cladding. Choucair, along with other family members and survivors, expressed their disappointment in the delay of justice and the distress caused by the inquiry process. They are calling for criminal prosecution for manslaughter to ensure accountability for the tragedy. Prime Minister Keir Starmer has…

Unveiling Tinder U: Latest Updates, Discounts, and Swipe Off Challenge for College Students In a move to cater to the dating needs of college students, Tinder has announced exciting updates to its Tinder U feature. With new badges highlighting graduation year, major, clubs, and Greek life, students can now personalize their profiles like never before. The simplified enrollment process and exclusive app icon for iOS users make the Tinder U experience seamless. Furthermore, Tinder is offering U.S. students a 50% discount on any premium subscription, aiming to attract more paid users after a recent decline. The annual Swipe Off challenge,…

HEICO Stock Outlook: Deutsche Bank Raises Price Target to $271 Amid Strong Q3 Results Deutsche Bank recently updated its outlook on HEICO (NYSE:), a leading aerospace and electronics manufacturing company, by increasing its price target to $271 from $235. The firm maintains a Buy rating for the stock following HEICO’s impressive third-quarter earnings for fiscal year 2024. HEICO’s Flight Support Group (FSG) saw significant organic growth of 15%, up from 12% in the previous quarter. The company’s forward-looking statements express confidence in the continued demand for FSG’s offerings, particularly after the successful integration of Wencor. While the Electronics Technologies Group…

The Ultimate Financial Market Analysis: Stocks Rally Despite Volatile Markets In the latest market update, the stock market saw a drop of up to 8% before rallying to deliver a total return of 2.4% by the end of August, inching closer to a record high. Bank of America strategists noted that the adage “best days often follow worst days” held true this summer, with stocks defying gravity despite market volatility. August marked the fourth consecutive month of gains and the ninth positive month in the past ten. The volatility index spiked to 65 during intraday trading last month, hitting a…

Trafigura Tightens Notice Period Amidst Rising Competition in Commodity Trading By Julian Luk and Pratima Desai LONDON (Multibagger) – Leading commodities trading giant Trafigura has implemented a stricter notice period for its traders, extending it to a minimum of six months and up to a year. This strategic move follows a wave of employee departures and aims to retain talent amidst rising competition in the sector, according to three sources familiar with the matter. Key Changes and Implications: Extended Notice Periods: The new policy applies to both new and existing employees, with the duration depending on their seniority levels. This…