Author: Multibagger News

Investment Manager Reveals: Canada’s Bold Move Against China Boosts Electric Vehicle, Steel, and Aluminum Industries By David Lawder In a groundbreaking decision, U.S. Trade Representative Katherine Tai has thrown her support behind Canada’s move to slap a 100% tariff on Chinese-made electric vehicles and a 25% tariff on Chinese steel and aluminum. This bold step is set to level the playing field for Canada’s workers and companies in these crucial industries. Tai commended Canada for taking a strong stance against China’s unfair trade practices, which threaten market-oriented industries. She highlighted the importance of ensuring fair competition for electric vehicle, steel,…

Supreme Court Ruling: Delaware to Return $102 Million in Unclaimed MoneyGram Checks to 30 States By Nate Raymond (Multibagger) – In a landmark decision, the U.S. Supreme Court has mandated that Delaware return over $102 million to 30 states after ruling that it had illegitimately retained uncashed MoneyGram checks. This ruling is a significant win for the states involved and sets a new precedent for the handling of unclaimed funds. Key Takeaways: Supreme Court Verdict: In February 2023, the Supreme Court ruled unanimously that unclaimed MoneyGram funds should be returned to the states where the checks were originally purchased, rather…

Nuvve Holding Corp. Secures $500,000 in Convertible Promissory Notes from Insiders – What Does This Mean for Investors? Nuvve Holding Corp. (NASDAQ:NVVE) recently announced a significant financial move by issuing convertible promissory notes to its CEO and CFO. This strategic decision, outlined in an 8-K filing with the Securities and Exchange Commission, involves notes with a 10.5% annual interest rate that could increase to 12.5% in case of default. The company secured $475,000 in cash through this issuance, with the option to prepay the principal and interest before the maturity date of October 31, 2024. In the event of default,…

Texas Advances 17 Gas-Fired Power Projects with $5.38 Billion Government Funding – Here’s What It Means for Investors NEW YORK (Multibagger) – The Public Utility Commission of Texas has identified 17 pivotal projects to receive $5.38 billion in government funding under a new program designed to accelerate the development of gas-fired power plants. This strategic move aims to bolster the Lone Star State’s energy infrastructure, which has been marred by frequent and prolonged blackouts. Key Highlights: Texas Energy Fund Initiative: Established last year, the Texas Energy Fund offers low-interest loans to incentivize the construction of new electricity generation facilities. Top…

Title: Kamala Harris Leads Donald Trump by One Point in Latest Wall Street Journal Poll – Election Update 2020 As the world’s best investment manager and financial market’s journalist, I bring you the latest update on the upcoming presidential election. According to a recent poll published by the Wall Street Journal, Democratic candidate Kamala Harris is currently leading Republican incumbent Donald Trump by one percentage point. The poll reveals that Harris has 48% public support, while Trump trails behind at 47%. It is important to note that the poll has a margin of error of plus or minus 2.5%. Analysis:…

Slam Corp. (OTC Pink Sheets:SLAMU) has recently amended its business combination agreement with Lynk Global Inc., pushing back the deadline for their planned merger to December 25, 2024, from the original date of August 31, 2024. This significant development was disclosed in a recent SEC filing, which also highlighted an increase in the principal amount of a promissory note issued by Slam Corp. to its sponsor, Slam Sponsor, LLC. The agreement amendment, finalized on August 26, 2024, provides additional time for both parties to meet closing conditions and complete the merger. Initially announced on February 4, 2024, the merger involves…

Nvidia Tech Rally: What Investors Need to Know About AI’s Future Amid Economic Headwinds Investing.com — The Nvidia-driven tech rally is set to decelerate and face volatility due to economic challenges and chip regulation, but the AI theme remains promising for the long term. According to UBS, "Future gains in global tech stocks should be more gradual after the quick rebound over the past three weeks. Potential headwinds from US macroeconomic data and further news on semiconductor export controls are likely to contribute to rising volatility." This statement came after Nvidia Corporation (NASDAQ: NVDA) saw a 6.4% drop on Thursday,…

The Ultimate Guide to the Resumed Migrant Sponsorship Program in the US – What You Need to Know Now! Are you ready to capitalize on the latest updates in the US government’s migrant sponsorship program? The Department of Homeland Security has just announced the resumption of this program, with enhanced procedures to combat fraud and ensure a smoother process for all involved. Under the leadership of President Joe Biden, this program aims to provide legal pathways to the United States while discouraging illegal border crossings. With up to 30,000 people from Cuba, Haiti, Nicaragua, and Venezuela being allowed entry each…

Embassy Bancorp CEO Buys $5425 Worth of Stock: What Does It Mean for Investors? David M. Lobach Jr., the Chairman, President, and CEO of Embassy Bancorp, Inc. (OTCBB:EMYB), recently purchased 350 shares of the company’s stock at $15.5 per share, signaling his confidence in the financial institution’s future prospects. This move by the CEO could be seen as a positive indicator of Embassy Bancorp’s financial health and potential for growth. Investors often pay close attention to insider transactions like this one, as they can provide valuable insights into the executive’s view of the company. Lobach’s significant increase in direct holdings…

By Timothy Gardner WASHINGTON (Multibagger) – In a bold move, Donald Trump’s presidential campaign announced on Thursday that if he wins the Nov. 5 election, he would undo many of President Joe Biden’s clean energy regulations while expediting approvals for power plants to meet the country’s growing electricity needs. Trump aims to eliminate the clean energy rules implemented by Biden and his running mate, Vice President Kamala Harris, which target emissions from power plants and vehicles. These regulations are designed to reduce carbon emissions in the power sector and promote the transition to electric vehicles to reduce tailpipe pollution. The…