Author: Multibagger News

Breaking News: BlackRock TCP Capital CEO Buys $227K Worth of Company Stock, Insider Trading Activity Indicates Positive Outlook for Future Growth In a recent transaction, Vig Rajneesh, CEO and Chairman of the Board of BlackRock TCP Capital Corp (NASDAQ:), invested $227,250 to purchase 25,000 shares of the company’s common stock. This move, made on August 29, 2024, has increased Rajneesh’s ownership to 130,930 shares, signaling his confidence in the firm’s future prospects. BlackRock TCP Capital Corp, based in Santa Monica, California, specializes in providing financing solutions to middle-market companies. The CEO’s stock purchase has caught the attention of investors and…

Title: Market Update: U.S. Equity Futures Signal Lower Opening After Major Sell-Off – NVIDIA Stock Plummets, Jobs Report Awaited As the world’s best investment manager and financial market journalist, I bring you the latest update on the market trends. U.S. equity futures are indicating a lower opening following a significant sell-off, with the Information Technology and Energy sectors leading the downturn. At 18:30 EST (22:30 GMT), the Dow Jones futures edged down by 0.1%, while S&P 500 futures also decreased by 0.1%. Nasdaq futures remained unchanged, and Russell 2000 futures saw a slight decline of 0.4%. The equity selloff was…

Nippon Steel’s Bold Move: U.S. Steel Acquisition Plan Ensures American Leadership TOKYO (Multibagger) – Japan’s Nippon Steel Eyes U.S. Steel Acquisition with American Leadership Commitment Japan’s largest steelmaker, Nippon Steel, is making significant strides in its plan to acquire U.S. Steel. In a strategic move to address regulatory and political concerns, Nippon Steel announced on Wednesday that, if the acquisition proceeds, the core senior management team and the majority of the board members at U.S. Steel will be U.S. citizens. In addition, Nippon Steel committed to including three independent directors who are also U.S. citizens on U.S. Steel’s board. This…

Real Estate Market Forecast: Modest Price Increases Expected on Falling Mortgage Rates – Multibagger Poll By Hari Kishan BENGALURU (Multibagger) – House prices in most key markets will rise modestly this year and next on expectations mortgage rates will fall further and help to marginally improve affordability of expensive property, a Multibagger poll of analysts showed. Most central banks were expected to start cutting interest rates sometime this year, or have already done so, with the U.S. Federal Reserve predicted to start at its Sept. 17-18 meeting. That is providing housing prices in developed countries, contending with low supply of…

Investment Manager’s Analysis: Texas Woman Indicted for Attempted Drowning of Palestinian American Muslim Girl in Hate Crime Incident By Kanishka Singh WASHINGTON (Multibagger) – A Texas woman has been formally indicted by a grand jury in the attempted drowning of a 3-year-old Palestinian American Muslim girl in a May incident that local police said was motivated by racial bias. The suspect, identified as Elizabeth Wolf, aged 42, was charged by a Tarrant County grand jury in an indictment filed last month that included a hate crime enhancement, according to court records that came to light on Tuesday. The enhancement may…

Bandwidth Inc. CFO Sells Shares Worth $73,000 in Recent Transaction Bandwidth Inc. (NASDAQ: BAND), a leading provider of prepackaged software services, recently disclosed a transaction involving its Chief Financial Officer, Daryl Raiford. Raiford sold 4,350 shares of Bandwidth’s Class A Common Stock, totaling over $73,000, on September 3, 2024. These sales were part of a pre-arranged 10b5-1 trading plan to cover tax obligations related to Raiford’s equity compensation. In addition to the sales, Raiford acquired 10,602 shares on August 30, 2024, through the vesting of Restricted Stock Units (RSUs) granted as part of Bandwidth’s equity compensation program. After these transactions,…

Top U.S. Consumer Products Safety Commissioners Demand Investigation of Shein and Temu for Selling “Deadly” Baby and Toddler ProductsBy Arriana McLymore NEW YORK – In a bold move, U.S. CPSC leaders are pushing for an investigation into e-commerce giants Shein and Temu for selling dangerous baby and toddler products. The call for action comes after a shocking discovery of harmful items being sold on both platforms, prompting concerns about consumer safety. Commissioners Peter Feldman and Douglas Dziak are urging the agency to assess the compliance of Shein, Temu, and other foreign-owned e-commerce sites with U.S. regulations. They are particularly focused…

By Lisa Richwine LOS ANGELES – In a shocking turn of events, a California doctor and a woman known as the “ketamine queen” will stand trial in March for allegedly supplying the drug ketamine to “Friends” star Matthew Perry before his tragic overdose death. Dr. Salvador Plasencia and Jasveen Sangha have pleaded not guilty to charges related to Perry’s untimely passing in October 2023. An autopsy revealed that Perry, aged 54, succumbed to the “acute effects” of ketamine and other contributing factors that led to him losing consciousness and drowning in his hot tub. Ketamine, a substance with both anesthetic…

Breaking News: Snap CEO Evan Spiegel Reveals Plans for Simplified Version of Snapchat in Letter to Employees In a recent letter to employees, Snap CEO Evan Spiegel announced that the company is testing a “simplified version of Snapchat” aimed at improving accessibility and usability. This news comes as Snap’s stock price has fallen nearly 50% in 2024, leading investors to express concerns about the company’s growth. The move towards a simplified version of Snapchat may be an attempt to attract older users who have found the app’s design to be less intuitive. Historically, Snapchat has been more successful at appealing…

Ionis Pharmaceuticals Inc. (NASDAQ: IONS) Insider Sells Shares Worth $32,000 – What Does This Mean for Investors? Ionis Pharmaceuticals Inc. (NASDAQ: IONS) recently made headlines as EVP, Chief Development Officer Richard S. Geary sold 651 shares of the company’s stock in two separate transactions. The sales totaled over $32,000, with Geary selling 320 shares at $49.16 per share on August 28 and 331 shares at $49.63 each on August 29. These sales were made under a Rule 10b5-1 Trading Plan adopted by Geary. Despite these transactions, Geary still holds 84,823 shares of Ionis Pharmaceuticals. Insider sales like these can offer…