Author: Multibagger News

Keith Rosenbloom’s Investment Firm Acquires Shares in American Vanguard Corp – What Does This Mean for Investors? Keith Rosenbloom, the renowned investor behind Cruiser Capital Advisors, LLC, recently made a significant purchase of shares in American Vanguard Corp (NYSE:AVD), a prominent player in the agricultural chemicals industry. This move, which took place on August 28, 2024, saw Rosenbloom acquire 33,555 shares at a price of $5.66 each, totaling around $190,000. With this transaction, Rosenbloom’s indirect ownership stake in American Vanguard now stands at 1,047,410 shares, held across various investment funds and managed accounts under Cruiser Capital’s management. While both Cruiser…

Brazil’s 2025 Economic Forecast: Growth at 2.6% and Inflation at 3.3% In a bold move, Brazil’s government has unveiled its draft budget proposal for 2025, predicting economic growth of 2.6% and inflation of 3.3%. This ambitious plan, submitted to Congress late Friday, aims to steer the country towards a path of stability and prosperity. The proposal outlines a strategic vision for the central government, which includes the Treasury, central bank, and social security. It anticipates ending the year with a zero primary deficit, aligning with the official goal of achieving a result equivalent to 0% of gross domestic product (GDP).…

Brazil’s Government Forecasts 2.6% Economic Growth and 3.3% Inflation for 2025 In a recent draft budget proposal submitted to Congress, Brazil’s government has projected economic growth of 2.6% and inflation of 3.3% for the year 2025. The proposal also outlines that the central government aims to end the year with a zero primary deficit, aligning with the official goal of a result equivalent to 0% of the country’s GDP. This forecast is crucial for investors and financial market enthusiasts as it provides insight into the expected performance of Brazil’s economy in the upcoming year. With economic growth and inflation figures…

Breaking News: American Vanguard Corp Executive Sells Shares Worth $29,000 – What Does This Mean for Investors? American Vanguard Corp (NYSE:AVD) recently saw one of its executives, Peter Eilers, selling 5,000 shares of the company’s common stock at $5.80 per share. This transaction, aimed at covering a foreign tax liability, has raised questions among investors about the company’s future prospects. Eilers, who still owns 42,905 shares of American Vanguard Corp, continues to show faith in the company despite this sale. Additionally, earlier in the year, there was a forfeiture of performance shares due to the issuer’s financial performance, signaling internal…

Expensify CEO Sells $1.5 Million Worth of Shares: What Does This Mean for Investors? Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett recently sold a significant number of shares in the company, according to the latest SEC filings. Barrett offloaded 645,938 shares of Class A Common Stock at a price of $2.34 per share, resulting in a total transaction value of over $1.5 million. The transaction, which took place on August 28, 2024, was disclosed in a Form 4 filing with the Securities and Exchange Commission. Following the sale, Barrett still retains 2,567,093 shares of Expensify, indicating a continued substantial investment…

California DMV’s New Draft Regulations Could Revolutionize Autonomous Trucking: A Game-Changer for Investors and the Future of Logistics California DMV Proposes New Regulations for Autonomous Trucks: Potential Goldmine for Investors Introduction The California Department of Motor Vehicles (DMV) has taken a monumental step towards revolutionizing the logistics and transportation industry. On Friday, the DMV issued draft regulations for the operation of autonomous vehicles on highways, creating a framework that will allow self-driving trucks to undertake long-haul deliveries. This regulatory move comes at a pivotal time for the autonomous driving sector, which has been under intense scrutiny due to safety concerns.…

In a bid to control the spread of the Oropouche virus, Cuban health authorities have initiated small-scale fumigation efforts in Havana. However, challenges such as a rainy Caribbean summer, fuel shortages, and growing trash heaps are complicating these efforts, according to workers and officials. Since May, more than 500 cases of the virus have been reported in Cuba, with the disease quickly spreading across the country’s provinces and major cities, including the capital Havana. Common symptoms include fever, body aches, and nausea, although the disease is rarely fatal. Fumigation workers in Havana are utilizing hand-held, gas-powered blowers to disperse smoke…

Breaking News: Navitas Semiconductor CEO Sells $2.7 Million Worth of Company Stock – What Does This Mean for Investors? Navitas Semiconductor Corp (NASDAQ:NVTS) has recently seen its President and CEO, Eugene Sheridan, sell a substantial amount of company stock. Over three days in August, Sheridan sold a total of 912,000 shares, resulting in a combined sale value of over $2.7 million. The transactions were conducted in line with the company’s policy and Rule 10b5-1(c) under the Securities Exchange Act of 1934, allowing insiders to sell stocks without possessing material non-public information. Despite these sales, Sheridan still holds a significant number…

Warren Buffett’s Berkshire Hathaway Sells $845 Million Worth of Bank of America Shares: A Strategic Move Explained (Multibagger) – In a recent strategic maneuver, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has offloaded approximately $845 million worth of Bank of America (NYSE: BAC) shares, marking the latest in a series of divestitures from the second-largest U.S. bank. This move, disclosed via a regulatory filing on Friday, underscores a significant shift in Berkshire’s investment strategy. Berkshire Hathaway’s Strategic Reduction in Bank of America Stake The recent sale adds to a cumulative $6 billion worth of Bank of America shares that Berkshire Hathaway…

Breaking News: SpaceX Falcon 9 Cleared for Return to Flight Operations, FAA Approves Request In a major development, the U.S. Federal Aviation Administration has given approval for SpaceX’s Falcon 9 vehicle to return to flight operations, despite the ongoing investigation into the anomaly that occurred during the Starlink Group 8-6 mission. SpaceX had requested the return to flight on August 29, and received approval on August 30. This news has significant implications for investors and the financial markets, as SpaceX is a key player in the rapidly growing space industry. The approval for the Falcon 9 to return to flight…