Author: Multibagger News

Title: Apple Announces CFO Transition: Luca Maestri Steps Down, Kevan Parekh Takes Over In a surprising move, Apple revealed today that Chief Financial Officer Luca Maestri will be stepping away from his role, effective January 1. After serving as CFO since 2014, Maestri will be transitioning to a new position within the company, reporting directly to CEO Tim Cook. Kevan Parekh, who has been with Apple for 11 years and currently holds the position of VP of Financial Planning, will be promoted to CFO. This change comes as part of a planned succession, according to Apple. While the reason for…

The Epic Return of a Dormant Whale: 231,778% Profit Triggers Massive Awakening In a stunning turn of events, a long-dormant whale in the crypto market has suddenly come back to life after 11.5 years of inactivity. The unknown whale made waves by transferring a whopping 25,015 BTC from an old address to a new one, showcasing a mind-blowing profit of 231,778%. Purchased for a mere $686 over a decade ago, this volume of cryptocurrency is now valued at an impressive $1.59 million. This translates to an annual profit of 20,154.6% since 2013, making it a truly remarkable investment success story.…

Oxford Square Capital Corp. (NASDAQ: OXSQ) recently disclosed the outcomes of its Annual Meeting of Stockholders, held on August 23, 2024. The company revealed that two director nominees were elected to serve a three-year term until the 2027 meeting. Jonathan H. Cohen received 16,379,600 votes for and 1,671,641 votes withheld, while George Stelljes III received 14,499,969 votes for and 3,551,272 votes withheld. Both nominees had 22,267,060 broker non-votes. Moreover, stockholders approved the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, with 37,191,563 votes for, 2,332,152 against, and 794,585 abstentions.…

U.S. Stock Market Mixed as Key Sectors Diverge: 3M, Coca-Cola Hit New Highs Market Recap: Analyzing Monday’s Winners and Losers Investing.com – Monday’s U.S. stock market closed with mixed results, as gains in key sectors contrasted with losses in others. The NYSE Composite Index (NYSE) nudged up by 0.16%, achieving a new all-time high, while the S&P 500 (SPX) dipped by 0.32%, and the NASDAQ Composite (NASDAQ) fell by 0.83%. Top Performers of the Day 3M Company (NYSE: MMM): Climbed 1.54% to close at $131.85, reaching a 52-week high. Coca-Cola Co (NYSE: KO): Increased by 1.50%, closing at an all-time…

Jamaican Finance Minister Nigel Clarke Appointed to Top Post at IMF Jamaican Finance Minister Nigel Clarke has been named to a top post at the International Monetary Fund (IMF) after spearheading fiscal reforms in the Caribbean nation. Clarke, nominated by IMF Managing Director Kristalina Georgieva, is set to replace Antoinette Sayeh as one of the IMF’s three deputy managing directors at the end of October. Clarke has been praised as an exceptional public servant and policymaker by Georgieva, who highlighted his role in strengthening Jamaica’s economy. Under Clarke’s leadership, Jamaica’s central bank became autonomous, an independent fiscal commission was established,…

By James Oliphant Washington – Republican presidential candidate Donald Trump marked the third anniversary of the U.S. withdrawal from Afghanistan by accusing his Democratic rival, Kamala Harris, of being responsible for the chaotic pullout. Trump laid a wreath at Arlington National Cemetery to honor the 13 servicemembers killed during the exit and criticized Harris, calling her and President Biden incompetent. Trump’s latest attack on Harris comes as the election approaches, with the Republicans questioning her ability to lead the nation’s armed forces. The U.S. troop pullout in August 2021 was marred by scenes of desperation at Kabul airport as Afghans…

Uncover Satoshi Nakamoto’s Crucial Bitcoin Insight After 14 Years | BTC Price Hits $63,705 In a groundbreaking tweet, Bitcoin historian Pete Rizzo revisited a pivotal statement made by Bitcoin’s mysterious creator, Satoshi Nakamoto, 14 years ago. The statement highlighted the unique value proposition of Bitcoin, emphasizing its revolutionary potential. As BTC reaches a new all-time high of $63,705, the world of cryptocurrency is buzzing with excitement. Satoshi’s analogy comparing Bitcoin to a scarce base metal with a “special magical property” – the ability to be transported over a communications channel – sheds light on the visionary thinking behind the creation…

Insider Trading Alert: Director at NetScout Systems Inc. Sells $250,000 Worth of Stock In a recent transaction on August 23, Christopher Perretta, a director at NetScout Systems Inc. (NASDAQ: NTCT), sold 11,905 shares of the company’s common stock at $21.00 per share, totaling over $250,000. The sale was conducted under a prearranged 10b5-1 trading plan, ensuring compliance with insider trading regulations. Perretta now holds 36,866 shares of common stock in the company. Insider transactions like these can offer valuable insights into a company’s current state and future prospects. NetScout Systems Inc., a technology sector player based in Westford, Massachusetts, recently…

Title: Dow Hits Record Highs as Tech Falters Ahead of Fed Cut; Apple Event Looms Investing.com– The Dow surged to new heights on Monday with a shift towards cyclical stocks like financials, signaling a rotation out of tech ahead of an anticipated Federal Reserve cut next month. At closing, the Dow rose 0.16% to reach a record of 41,240.52, while the S&P 500 closed 0.8% lower and the Nasdaq was down 0.3%. Tech stocks stumbled as investors moved away from growth sectors, with Nvidia dropping 1% before its upcoming earnings announcement. Meanwhile, Apple saw a slight uptick in anticipation of…

BNY Mellon Faces $5 Million Penalty Over Swap Reporting Failures: What Investors Need to Know NEW YORK (Multibagger) – The Bank of New York Mellon (NYSE: BK) has agreed to pay a $5 million penalty to settle charges by the U.S. Commodity Futures Trading Commission (CFTC) for failing to correctly report millions of swap transactions, the regulator announced on Monday. Key Highlights: Regulatory Breach: BNY Mellon repeatedly failed to accurately report at least 5 million swap transactions. Timeline: These reporting failures occurred from 2018 through 2023. Prior Violations: Many of these infractions violated a previous CFTC order against the firm…