Author: Multibagger News

Investment Manager Reveals Indonesia’s New Capital City Celebrates Independence Amid Construction Woes By Willy Kurniawan NUSANTARA, Indonesia – Indonesia commemorated its independence anniversary at the site of its upcoming new capital, Nusantara, for the first time on Saturday. However, the celebration was scaled back due to construction delays, funding shortages, and leadership resignations plaguing the ambitious project. The legacy initiative of outgoing President Joko Widodo has faced challenges stemming from the COVID-19 pandemic, a lack of foreign investment, and recent setbacks in project management. Despite these hurdles, the event marking the country’s liberation from Japanese rule in 1945 was attended…

Title: Israeli Airstrike Kills 15 Palestinians in Gaza – Latest News Update As the world’s top investment manager and financial market journalist, I bring you the latest update on the tragic events unfolding in Gaza. Reports from the official Palestinian news agency WAFA confirm that at least 15 Palestinians were killed and dozens wounded in an Israeli airstrike on the town of Zawayda in central Gaza. The Israeli military has acknowledged the reports of casualties and is currently investigating the situation. This devastating attack comes in the midst of a 10-month-old conflict between Israel and Hamas, which began on Oct.…

Breaking News: Shiba Inu (SHIB) Stuck in Deadlock as Bitcoin (BTC) Faces Unbreakable Resistance and Ethereum (ETH) on Verge of Crisis As the price of Shiba Inu (SHIB) remains stagnant, investors and traders are feeling uneasy about the lack of momentum in the market. Currently trading around $0.0000134, SHIB is struggling to break through key resistance levels at $0.00001813 and $0.00001597 represented by the 200-day and 100-day exponential moving averages (EMAs) respectively. A potential bullish reversal may occur if SHIB manages to surpass these resistance levels, signaling the end of the stagnation period. However, a decline below the crucial support…

By Lewis Krauskopf NEW YORK (Multibagger) – Discover how hopes for an economic soft landing are driving U.S. stocks higher, with encouraging data calming recession fears after a recent sell-off. The S&P 500 has surged over 6% since Aug. 5, bouncing back from a steep drop that caused the biggest three-day slide in over two years. The Cboe Volatility Index, or Wall Street’s “fear gauge,” has also retreated from last week’s four-year highs at a record pace. What’s fueling this turnaround? This week’s positive reports on retail sales, inflation, and producer prices have eased concerns about an economic slowdown triggered…

Insider Sale Alert: Life Time Group Holdings Inc. (NYSE:LTH) Director Sells $74.64 Million Worth of Shares In a major development for Life Time Group Holdings, Inc. (NYSE:LTH), director John G. Danhakl has recently sold a significant number of shares in the company. According to the latest filings, Danhakl disposed of 3,575,000 shares at a price of $20.88 each, totaling over $74.64 million. This sale was part of a public offering that closed on August 14, 2024, with the underwriters exercising the option to acquire additional shares. The shares were held by entities associated with Danhakl, who still collectively hold 55,166,700…

By Jasmine Patterson and Nicola Muirhead BERMUDA (Multibagger) – The world is on high alert as Hurricane Ernesto weakens to a Category 1 storm, but still poses a major threat to Bermuda with its powerful winds, storm surge, and potential flooding. Stay tuned for the latest updates on this developing situation. As of 11 p.m. Atlantic Standard Time on Friday (0300 GMT on Saturday), the eye of the storm was 65 miles (105 km) south-southwest of Bermuda, according to the U.S. National Hurricane Center. Don’t underestimate the impact of this storm. With maximum sustained winds of up to 90 mph…

Insider at Actuate Therapeutics (NASDAQ: ACTU) Sells Shares, Discloses Acquisitions in Recent Transactions In a recent transaction, an insider at Actuate Therapeutics, Inc. (NASDAQ: ACTU) sold shares of the company’s stock. The sale, which took place on August 14, 2024, involved 18,750 shares at the price of $8.00 each, totaling $150,000. The transaction was disclosed in a filing with the Securities and Exchange Commission, which also revealed a series of acquisitions made by entities associated with Actuate Therapeutics. These acquisitions were a result of automatic conversions of preferred stock into common shares upon the closing of the company’s initial public…

Partners Group Entities Sell $13.57M Worth of Life Time Group Holdings Inc. (NYSE:LTH) Shares in Public Offering In recent market activity, Partners Group entities have collectively sold shares of Life Time Group Holdings, Inc. (NYSE:LTH) in a public offering, totaling $13.57 million at $20.88 per share. The entities involved in the transaction include Partners Group Private Equity (Master Fund), LLC, Partners Group Private Equity II, LLC, Partners Group Series Access II, LLC, and Partners Group Access 83 PF LP. The specific breakdown of the sales shows the number of shares sold by each entity, with Partners Group Private Equity (Master…

Gogoro Delays India Plans Due to Battery Swapping Scheme Hold-Up Taiwanese electric two-wheeler maker Gogoro has put its ambitious India plans on hold as the government delays the anticipated battery swapping scheme. CEO Horace Luke revealed this during the Q2 earnings call, stating that revenue projections for India have shifted to 2025 due to subsidy delays. The company is working with the Indian heavy industries ministry to ensure battery-swapping vehicles receive similar benefits as electric vehicles under the FAME 3 scheme. Despite the setback, Gogoro remains optimistic about India’s potential for electric vehicle disruption. Gogoro has partnered with ride-hailing startup…

Insider Selling at EverQuote Signals Strong Future Growth Potential Jon Ayotte, the Chief Accounting Officer of EverQuote Inc. (NASDAQ: EVER), recently sold 564 shares of Class A Common Stock at $22.62 per share, totaling $12,757. These transactions, conducted on August 16, 2024, were part of prearranged 10b5-1 trading plans to cover tax obligations related to restricted stock units. Despite the sales, Ayotte still holds 58,086 shares, indicating continued faith in EverQuote’s future. Insider sales like these can provide valuable insights into a company’s prospects and valuation. EverQuote, known for its online insurance marketplace, has received multiple analyst upgrades following strong…