Author: Multibagger News

Jet Engine Testing for Sustainable Aviation Fuels: A Game-Changer for the Future of Flight In a cutting-edge research facility at Sheffield University, researcher Ihab Ahmed is revolutionizing the aviation industry by testing sustainable fuels in a small jet engine. These synthetic fuels, made from renewable sources like waste cooking oils and captured carbon dioxide, offer a cleaner alternative to traditional fossil fuels. The potential impact of sustainable aviation fuels is immense, especially as the global demand for air travel continues to rise. With commitments from major airlines to reach net zero emissions by 2050, the need for eco-friendly fuel solutions…

“OpenAI in Talks for New Funding Round Valuing Above $100 Billion: What Investors Need to Know” As the world’s best investment manager and financial market journalist, I bring you the latest news on OpenAI’s potential $100 billion-plus valuation. Sources reveal that investors are eager to join OpenAI’s cap table, with secondary deals indicating a valuation exceeding $100 billion. The primary funding round, led by Thrive Capital and rumored to include Microsoft, Nvidia, and Apple, marks a significant milestone for the AI leader. Despite being valued at $86 billion in a recent secondary sale, investors are bidding on OpenAI stock at…

Veru Inc. Receives Nasdaq Notice for Non-Compliance – What Investors Need to Know Veru Inc., a pharmaceutical company listed on the Nasdaq Capital Market under the ticker VERU, has recently been notified of non-compliance with the exchange’s minimum bid price rule. This news, disclosed on August 29, 2024, has significant implications for investors and the company’s future. Despite the notification, Veru’s stock will continue to be listed on the Nasdaq Capital Market. The company has been given a 180-day grace period, ending on February 25, 2025, to meet the minimum bid price requirement of $1.00 per share for at least…

U.S. Stocks Hit Record Highs as Tech and Energy Sectors Surge: Key Insights for Investors Market Overview On Friday, U.S. stocks closed at record highs, propelled by robust performances in the tech and energy sectors. The NYSE saw its index climb by 0.55%, setting a new all-time high. The S&P 500 rose by 1.01%, and the NASDAQ Composite surged by 1.10%. Top Performers Intel Corporation (NASDAQ: INTC): Soared by 9.49% to close at $22.04. Amazon.com Inc (NASDAQ: AMZN): Increased by 3.70%, ending at $178.48. International Business Machines (NYSE: IBM): Up by 1.62%, closing at $202.13, a 5-year high. Notable Underperformers…

Breaking News: Brazilian Supreme Court Orders Immediate Suspension of Elon Musk’s X (Formerly Twitter) – What Does This Mean for Investors and the Financial Market? In a shocking turn of events, a Brazilian Supreme Court judge has ordered the “immediate and complete suspension” of Elon Musk’s X, formerly known as Twitter, in the country. This decision comes after a long-standing dispute between Justice Alexandre de Moraes and the social media platform, with the judge demanding compliance with all court orders and payment of existing fines. Justice Moraes has given X a 24-hour deadline to name a new legal representative or…

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…