Author: Multibagger News

Insiders at B. Riley Financial Sell Shares of Synchronoss Technologies Inc. – What Does it Mean for Investors? Executives at B. Riley Financial, a diversified financial services company, recently sold shares of Synchronoss Technologies Inc., a global provider of cloud solutions. The transactions, totaling 12,210 shares and generating over $156,000, occurred between August 20 and August 22. Sales were made at prices ranging from $12.8 to $12.8244 per share. BRF Investments, LLC, a subsidiary of B. Riley Financial, conducted the transactions in compliance with SEC regulations. Despite the sales, they still hold 1,036,531 shares in Synchronoss Technologies. Insider transactions can…

Citi Analysts Predict 50 Basis Point Rate Cut by Fed in September Due to Revised Job Gains In a recent note, Citi analysts have raised the likelihood of a 50 basis point rate cut by the Federal Reserve in September after a significant downward revision of U.S. job gains. The Bureau of Labor Statistics (BLS) revised job gains from March 2023 to March 2024 downward by approximately 818,000, or about 68,000 per month. This adjustment has shifted the focus towards the unemployment rate as a key factor in future Fed policy. Citi’s note points out that this downward revision has…

Title: Chinese Entities Exploit Cloud Services to Bypass US Restrictions on Advanced AI Chips – What Investors Need to Know By Eduardo Baptista, Fanny Potkin, and Karen Freifeld BEIJING/SINGAPORE/NEW YORK (Multibagger) – State-linked Chinese entities are leveraging cloud services provided by Amazon (NASDAQ: AMZN) and its competitors to access advanced U.S. chips and artificial intelligence capabilities, according to recent public tender documents. Background: U.S. Export Restrictions and Loopholes Over the past two years, the U.S. government has imposed stringent export controls on high-end AI chips to China, aiming to curb the Chinese military’s technological advancements. However, these restrictions have not…

The Honest Company Executive Sells Shares: What Does It Mean for Investors? In a recent SEC filing, Jonathan Mayle, SVP of Customer Sales at Honest Company, Inc. (NASDAQ:HNST), sold 8,865 shares at $4.28 per share, totaling $37,942. This sale was part of a pre-planned transaction to cover tax liabilities related to previously granted RSUs. Mayle still holds 298,505 shares, including 277,370 restricted stock units. Such insider transactions provide insights into executive confidence and can signal stock value and potential. However, executives may sell shares for personal financial planning. The Honest Company, known for eco-friendly products, is closely watched by investors…

As the World’s Best Investment Manager, I’m here to tell you that now is the time to buy protection in the volatile market. A recent report from BCA Research warns investors that the turbulence we saw in August is just the beginning, especially with the upcoming U.S. election. The report highlights the immediate risks to global stability posed by the closely contested election between Vice President Harris and former President Trump. With polling data showing a tight race, BCA’s chief geopolitical strategist, Matt Gertken, emphasizes the potential for unpredictable events to influence the outcome. One major concern is the possibility…

How Chinese Entities Are Bypassing U.S. Tech Restrictions Using Cloud Services Chinese Entities Accessing U.S. AI and Chip Technologies via Amazon and Microsoft Clouds In an intriguing move, several state-linked Chinese entities are leveraging cloud services from Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) to access advanced U.S. chips and artificial intelligence (AI) capabilities they otherwise cannot acquire directly. This revelation comes from recent public tender documents reviewed by Multibagger. Amazon Web Services (AWS) Compliance Statement Amazon Web Services (AWS) asserts its adherence to all applicable U.S. laws, including trade regulations. A spokesperson clarified that providing cloud services in and…

Insider Selling Alert: Honest Company’s General Counsel Sells Over $34,000 Worth of Stock Honest Company, Inc.’s General Counsel, Brendan Sheehey, recently sold 8,176 shares of common stock in a pre-approved transaction to cover tax liabilities. Despite the sale, Sheehey still holds a significant stake in the company. Investors often monitor insider transactions for insights into future performance. In other news, Honest Company has raised its financial outlook, anticipating revenue growth and adjusted EBITDA projections. The company has also launched a new line of baby products and plans to enhance e-commerce growth. Despite competition, the company remains confident in its strategy.…

Investing.com– Most Asian stocks fell on Friday as markets reacted to hawkish comments from the Bank of Japan and mixed Japanese inflation data. All eyes are now on an upcoming address by the Federal Reserve Chairman at the Jackson Hole Symposium. Regional markets followed Wall Street’s weak lead, with a rebound in Treasury yields and a sharp selldown in technology shares causing steep losses overnight. U.S. stock index futures rose in Asian trade, as investors anticipate Powell’s address amid expectations of a Fed interest rate cut in September. However, concerns over a cooling labor market and a potential slowdown in…

Asian Markets Tumble Amid Hawkish BOJ Stance and Mixed Inflation Data; All Eyes on Fed’s Powell As the world’s leading investment manager and financial market journalist, I bring you the latest developments from the Asian markets that have sent ripples across the global financial landscape. The confluence of hawkish commentary from the Bank of Japan (BOJ) and mixed Japanese inflation data has led to a notable downturn in most Asian stocks. Market Overview: Asian Stocks React to BOJ and Fed Watch On Friday, Asian markets largely declined, reflecting market apprehensions over the BOJ’s aggressive monetary stance and mixed inflation readings…

In a recent development at Honest Company, Inc. (NASDAQ:HNST), Chief Growth Officer Katherine Barton sold 16,185 shares of the company’s common stock at a price of $4.28 each, totaling $69,271. This move, part of a pre-approved plan by the company’s Compensation Committee, allows for the sale of shares to cover tax liabilities upon the vesting of Restricted Stock Units (RSUs). After the transaction, Barton still holds 916,820 shares, with 737,321 in the form of RSUs that will convert into common stock shares. This sale sheds light on the company’s executives’ confidence in its future prospects and growth potential. Furthermore, The…