Author: Multibagger News

Sunshine Biopharma, Inc. Implements 1-for-20 Reverse Stock Split; What Does This Mean for Investors? Sunshine Biopharma, a Colorado-based pharmaceutical company, recently made a significant change to its capital structure by executing a 1-for-20 reverse split of its common stock. This move, effective as of last Wednesday, aimed to consolidate every twenty shares of issued and outstanding common stock into one single share. The decision to implement the reverse stock split was disclosed through a filing with the SEC. Sunshine Biopharma, trading on The Nasdaq Stock Market LLC under ticker symbols NASDAQ:SBFM and NASDAQ:SBFMW, made this strategic move as part of…

Global Markets Overview: Stocks Inch Higher, Yen Dips Amid Anticipation of US-China Economic Data By Koh Gui Qing and Harry Robertson Introduction On a day marked by subdued trading due to a Japanese holiday, global stock markets managed to edge higher while the yen slipped, setting the stage for a week dominated by key economic data from the U.S. and China. Wall Street Performance and Economic Data Outlook Investors are keenly focused on the upcoming U.S. Consumer Price Index (CPI) data for July, expected to show a month-on-month inflation increase to 0.2% from June’s -0.1%. Retail sales data set for…

CAIR Files Lawsuit Against FBI Over Discriminatory Placement of Palestinian Americans on WatchlistBy Kanishka SinghA Muslim advocacy group filed a lawsuit on Monday against the FBI and other U.S. government agencies for discriminatory and racist placement of two Palestinian Americans on a watch list. The lawsuit involves the placement of Mustafa Zeidan on the no-fly list and the seizure of an electronic device of Osama Abu Irshaid, who was interrogated about his activism against Israel’s war in Gaza.Irshaid, the executive director of American Muslims for Palestine, faced extra screening and questioning upon his return to the U.S. from Qatar in…

U.Today – Michael Saylor, MicroStrategy’s chairman and cofounder, issues bullish statement on Bitcoin (BTC) on social media platform X as BTC aims for $60,000 amidst market volatility. Saylor’s optimism on Bitcoin’s future leads to positive forecasts and interpretations within the crypto community. With Bitcoin’s recent 9.75% increase to $58,118 and a spike in trading volume, investors are bullish on the potential recovery to $60,000. MicroStrategy’s strategic move to acquire Bitcoin years ago is proving successful, with the company outperforming 499 out of 500 stocks in the S&P 500. Increased momentum in the spot Bitcoin market, highlighted by BlackRock’s significant investment,…

Agios Pharmaceuticals CEO Sells Company Stock: What Does It Mean for Investors? Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) CEO Brian Goff recently sold 11,091 shares of company stock at $42.75 per share, totaling $474,140. This sale was part of a planned transaction to cover tax obligations related to RSUs. Goff also acquired 22,691 shares at no cost on the same date, increasing his total holdings to 89,883 shares. Insider buying and selling can provide insights into a company’s financial health and executive confidence. Agios Pharma has been making strides in its clinical programs, with positive results from the ENERGIZE-T study of mitapivat.…

Oil Prices Surge Over 3% Amid Middle Eastern Conflict Concerns – Best Investment Manager’s Analysis By the world’s best investment manager and financial market’s journalist, Laila Kearney Oil prices soared by more than 3% on Monday, marking a fifth consecutive session of gains as fears of a widening conflict in the Middle East sparked concerns over global supply tightening. Global benchmark futures settled higher at $82.30 a barrel, up $2.64 or 3.3%, while U.S. West Texas Intermediate crude futures settled at $80.06 a barrel, increasing by $3.22 or 4.2%. Brent witnessed its largest percentage gain for a single trading session…

BuzzFeed (NASDAQ:BZFD) Reports Narrower Q2 Loss, Shares Skyrocket 22% in After-Hours Trading BuzzFeed’s Strategic AI Investments Propel Q2 Growth Despite Revenue Dip — NEW YORK – BuzzFeed, Inc. (NASDAQ:BZFD) has reported a significantly narrower second-quarter loss, which sent its shares soaring by 22% in after-hours trading. The digital media giant’s improved performance can be attributed to robust growth in programmatic advertising and affiliate commerce revenues, even as overall revenue fell. Key Financial Highlights: Net Loss: Narrowed to -$6.5 million, or -$0.18 per share, for Q2 ended June 30, 2024, compared to -$22.5 million in the same period last year. Revenue:…

US Inflation Data to Show Steady Growth in July, RBC Predicts As the Federal Reserve Grapples with Interest Rates Dilemma Inflation data set to be released later this week in the US is expected to show steady growth in July, according to RBC estimates. The Federal Reserve is facing a challenging task of justifying higher interest rates amidst narrowing sources of price pressures. RBC forecasts that headline price growth will hold at 3% on an annual basis, with a small 0.1% monthly increase in core prices (excluding food and energy). This trend is likely to reassure the Fed that annual…

As the World’s Premier Investment Manager and Financial Market Expert, I bring you breaking news: FBI Launches Investigation Into Alleged Iran-Linked Hack of Trump Campaign! Stay ahead of the game and protect your investments with this crucial update. In a recent statement, the FBI announced that it is probing a cyberattack on the Trump campaign that has been attributed to Iran. This development has sent shockwaves through the political and financial world, raising concerns about potential security breaches and the impact on the upcoming election. As an SEO Mastermind, I understand the importance of staying informed and being prepared for…

Breaking News: FBI Seizes Radar/Dispossessor Ransomware Gang’s Servers | Rare Win for Law Enforcement The FBI announced on Monday that it successfully seized the servers of a notorious ransomware and extortion gang known as Radar, also referred to as Dispossessor. This move comes as a significant victory for the FBI, as well as other global law enforcement agencies, who have been struggling to combat the escalating threat posed by ransomware attacks. According to a statement released by the FBI’s Cleveland field office, the gang’s domains and servers, located in the United Kingdom and Germany, were confiscated. Radar/Dispossessor has targeted at…