Author: Multibagger News

By Anthony Deutsch, Tom Balmforth and Jonathan Landay Dozens of Russian military personnel are being trained in Iran to use the Fath-360 close-range ballistic missile system, according to two European intelligence sources. The imminent delivery of hundreds of satellite-guided weapons to Russia for its war in Ukraine is expected. Russian defence ministry representatives signed a contract on Dec. 13 in Tehran for the Fath-360 and another ballistic missile system called the Ababil. The Fath-360 has a maximum range of 120 km and a warhead of 150 kg. Russian personnel have visited Iran to learn how to operate the system, with…

“Substack Revolutionizes Content Creation: Anyone Can Now Publish Without Setting Up a Publication” Substack has made a groundbreaking announcement that opens its platform to all users for content creation, without the need to set up a publication. This move is set to attract a wider range of writers and content creators, expanding beyond long-form written pieces typically associated with newsletters. While Substack has been primarily known for its newsletter platform, recent developments have transformed it into a social network with features like Notes and DMs. This latest change further enhances its social networking capabilities by allowing anyone with a Substack…

Estee Lauder Stock Hits 52-Week Low Amid Market Challenges In a challenging market environment, Estee Lauder’s stock has touched a 52-week low, plummeting to $90.24. This significant downturn reflects a broader trend for the beauty giant, with shares eroding by 46.75% over the past year. Analysts are closely monitoring the company’s performance as it navigates through shifting consumer habits and economic headwinds impacting its market valuation. The 52-week low serves as a critical indicator of current sentiment towards Estee Lauder’s financial health and future prospects in the cosmetics industry. Recent developments include the appointment of new executives and the acquisition…

— Stellantis Lays Off 2,450 Workers as Ram 1500 Classic Production Ends: What This Means for Investors and the Economy DETROIT (Multibagger) – Stellantis (NYSE: STLA), the parent company of Chrysler, has announced a significant workforce reduction at its Warren Truck assembly plant near Detroit. Effective as early as October 8, 2023, the automaker will lay off approximately 2,450 factory workers. This downsizing coincides with the end of production of the Ram 1500 Classic truck, prompting the plant to reduce its general assembly operations from two shifts to one. However, production of the Jeep Wagoneer at the same facility will…

Breaking News: Plane with 62 Passengers Crashes in Vinhedo, Brazil – Voepass Linhas Aereas SAO PAULO (Multibagger) – A tragic incident unfolded in Vinhedo, Brazil, as a plane carrying 62 people crashed on Friday. The ATR-72 aircraft, operated by Voepass Linhas Aereas, was traveling from Cascavel to Guarulhos when the accident occurred. Reports from local sources and social media confirm the crash, with Sao Paulo’s state fire brigade dispatching crews to the site. Videos circulating online show the plane descending into trees, followed by a large plume of smoke. Analysis and Impact on Financial Markets As the world mourns the…

Genius Group Founder and CEO Roger James Hamilton to Purchase Up to 10 Million Shares at 105% Premium – AI Revolution Sparks Confidence in Education Technology Company Genius Group Limited (NYSE American: GNS) has received approval from its board for a significant share purchase by its Founder and CEO, Roger James Hamilton. The purchase of up to 10 million ordinary shares will be made at a rate of 105% of the closing price on the prior trading day, with a combination of cash and debt conversion for payment. Hamilton’s decision to acquire shares demonstrates his strong belief in Genius Group’s…

Breaking News: S&P 500 Expected to Drop to 3750 by 2025 – Global Equities Market Faces Challenges In a recent research note, analysts at BCA Research have predicted that the S&P 500 index is set to decline to 3750 by the year 2025. The global equities market has been hit with a “one-two punch” due to concerns over the bullish narrative surrounding artificial intelligence and worries about global economic growth, particularly in Europe and China. These concerns have now spread to the United States, with an unexpected rise in the unemployment rate adding to the mix. BCA Research believes that…

Evolent Health’s Q2 2024 Earnings Soar: Strategic Moves Set Stage for 2024 Profitability Goals — Evolent Health (NYSE: EVH) Q2 2024 Financial Performance: Key Insights and Strategic Analysis Evolent Health, Inc. (NYSE: EVH), a leading provider of comprehensive value-based care solutions, reported a robust second-quarter performance for 2024. The company not only exceeded revenue expectations but also reinforced its strategic path towards achieving its profitability targets for 2024. Highlighted in the earnings call were the impacts of their recent acquisition of Machinify Technology and several new revenue agreements that promise future growth. Key Takeaways Revenue Growth: Evolent Health’s second-quarter revenue…

Breaking News: Panama Offers Safe Passage to Venezuelan President Maduro for Political Transition – Exclusive Interview with President Mulino Panama City – In an exclusive interview with CNN, Panama’s President Jose Raul Mulino made a groundbreaking offer to Venezuelan President Nicolas Maduro. Mulino stated that he would provide safe passage for Maduro and his family to act as a “bridge” to a third country, facilitating a much-needed political transition in Venezuela. The offer comes in the midst of a heated political situation in Venezuela, with Maduro claiming victory in the recent election while facing opposition and international scrutiny. Panama, along…

Unlocking the Secrets of LockBit: How a Cybersecurity Researcher Infiltrated a Ransomware Gang In a groundbreaking move earlier this year, law enforcement agencies seized control of the dark web site belonging to the infamous ransomware gang LockBit. This operation didn’t halt the gang’s activities for long, as they quickly launched a new site. However, on May 6, authorities updated LockBit’s old site page with a countdown, teasing the reveal of LockBit’s administrator. Cybersecurity researcher Jon DiMaggio, who had been undercover within LockBit, had already uncovered the identity of LockBitSupp before the authorities made their announcement. At the Def Con conference…