Author: Multibagger News

Breaking News: Brazil’s Supreme Court Orders Immediate Suspension of X (formerly Twitter) – What Investors Need to Know In a shocking turn of events, Brazil’s Supreme Court has issued a mandate for the “immediate and complete suspension” of X, previously known as Twitter, in the country. This move comes after a long-standing dispute between Justice Moraes and the social media platform, with the court demanding that X comply with all legal orders and pay outstanding fines. Justice Moraes has set a strict deadline for X to appoint a new legal representative within 24 hours, or face suspension by Thursday evening.…

Insider Trading Alert: Sezzle Inc.’s Senior VP Sells $207K Worth of Stock In a recent transaction, Sezzle Inc.’s Senior Vice President of Finance and Controller, Justin Krause, sold 1,500 shares of the company’s common stock, raking in $207,000. This move has sparked interest among investors as it sheds light on executive confidence in Sezzle’s future. On the same day, Krause also acquired 1,500 shares of Sezzle Inc. common stock at $59.04 per share, totaling $88,560. These acquisitions were made through stock options, indicating a long-term commitment to the company. These transactions have altered Krause’s holdings in Sezzle, with a post-transaction…

Investing.com: S&P 500 Ends August with Fourth-Month Win Amid Economic Rebound The S&P 500 closed higher on Friday, wrapping up the month of August with a fourth consecutive monthly gain as concerns about the economy eased, leading to a sharp rebound in stocks after a major selloff earlier in the month. By 4:00 p.m. ET (8:00 GMT), the S&P 500 gained 0.04%, while the Dow climbed 1% and the Nasdaq rose 228 points, or 0.63%. The S&P 500 ended the month 2% higher, bouncing back strongly after its significant loss on August 5 following a weaker July jobs report that…

Brazil’s New Income Tax Hikes: How They Could Impact Your Finances BRASILIA (Multibagger) – In a significant move aimed at bolstering revenue, Brazil’s government has submitted a bill to Congress proposing substantial income tax increases. These changes particularly target the banking sector, alongside modifications to corporate taxes and shareholder remuneration structures. Key Highlights: Corporate Social Contribution Tax (CSLL) Adjustments: Banks: The proposed CSLL rate for banks is set to rise to 22% until the end of 2025, before reverting to the current rate of 20% in January 2026. Private Insurance Companies, Capitalization Firms, and Brokerages: These entities will see their…

By Andrea Shalal As a top investment manager and financial market journalist, it is crucial to understand the potential impact of Kamala Harris’ unwavering support for Israel amid the ongoing conflict in Gaza. This stance has ignited calls for protests at campaign stops, universities, and public events, raising concerns among activists who feel their voices are being ignored. Arab Americans, Muslims, and their allies, who were notably absent from the Democratic National Convention speaking lineup, are planning a strong presence at Harris’ upcoming debate against Donald Trump in Philadelphia on Sept. 10 and on the Oct. 7 anniversary of the…

California’s SB 1047: The Dystopian Future of AI Regulation Revealed In a world where AI systems could potentially cause catastrophic harm, California’s SB 1047 aims to prevent such disasters before they occur. This bill, known as the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, has sparked controversy among Silicon Valley players, venture capitalists, and tech giants. What does SB 1047 aim to achieve? SB 1047 seeks to prevent the use of large AI models for causing "critical harms" against humanity. This includes scenarios such as using AI to create weapons resulting in mass casualties or orchestrating cyberattacks…

Insider Trading Activity at Travelers Companies, Inc. Signals Potential Changes in Executive Sentiment Travelers Companies, Inc. (NYSE: TRV) executive Maria Olivo recently engaged in significant trading activity, selling 15,000 shares of common stock and purchasing 15,000 shares on August 29. These transactions, totaling $3.4 million in sales and $1.6 million in purchases, reflect a notable change in Olivo’s holdings in the company. As EVP and President of International, Olivo plays a key role in influencing the company’s strategic direction and international operations. Insider transactions like these are closely monitored by investors and market analysts for insights into executive sentiment and…

DXY Snaps Four-Week Losing Streak, Is It Time to Buy the Dollar? The DXY snapped its four-week losing streak on Friday, leading some experts to believe that now is the time to invest in the greenback as its fighting spirit continues to shine. “We have been recommending a trading range in the DXY between the 101 and 108 level. The DXY recently hit our buy zone, and we suggest it is time for investors to be long,” BCA Research shared in a recent note. BCA notes that the bullish outlook on the dollar is supported by history, particularly the consistency…

UBS Report: Hedge Funds Rise 1.2% in July, Underperform Equities and Bonds In a recent report, UBS highlighted that hedge funds saw a moderate performance in July, with a 1.2% increase for the month and a 6.4% year-to-date rise. Despite this growth, hedge funds fell short compared to equities and bonds, mainly due to challenges in macro and relative value strategies. However, directional strategies continued to lead in performance, with positive alpha across most strategies. This was attributed to lower volatility compared to equities and bonds. July witnessed choppy market conditions, with a 5% drawdown in equities caused by concerns…

S&P 500 Climbs in August: Inflation Data Boosts Market Confidence, Dell and Intel Stocks Surge In a noteworthy turn of events, the S&P 500 closed higher on Friday, wrapping up August with a robust four-month winning streak. The rebound in the stock market followed a major selloff earlier this month, propelled by easing economic concerns. As of 16:00 p.m. ET (20:00 GMT), the S&P 500 surged by 0.04%, the Nasdaq climbed 1%, and the Dow Jones Industrial Average rose by 228 points, or 0.63%. The S&P 500 posted a 2% gain for August, a significant recovery following its biggest loss…