Author: Multibagger News

Atlantic Coastal Acquisition Corp. II Extends Business Combination Deadline to September 19, 2024 Atlantic Coastal Acquisition Corp. II, a company specializing in biological products, has announced an extension for completing its planned business combination. The new deadline, set by the company’s board of directors, is September 19, 2024, providing additional time to finalize merger activities. Trading on The Nasdaq Stock Market under symbols ACABU, ACAB, and ACABW, Atlantic Coastal offers units comprising one share of Series A common stock and one-half of one redeemable warrant. The warrants are exercisable for one share of Series A common stock at an exercise…

Palo Alto Networks Soars with Robust Q4 Earnings, Guidance Beats Projections – What This Means for Your Investments Investing.com – Palo Alto Networks (NASDAQ: PANW) has once again proven its mettle, reporting stellar fiscal fourth-quarter results that surpassed Wall Street’s expectations, driven by a surge in cybersecurity demand and heightened deal-making activities. Key Highlights: Stock Surge: Shares of Palo Alto Networks surged over 4% in after-hours trading post the announcement. Earnings Beat: The company reported earnings of $1.51 per share on revenue of $2.2 billion, outstripping analyst estimates of $1.41 per share and $2.16 billion in revenue. Revenue Growth: Next-Generation…

By Joey Roulette Exciting news from the world of space exploration as a four-person crew prepares for SpaceX’s Polaris Dawn mission, set to launch on Aug. 26. This groundbreaking mission will include the first privately managed spacewalk, a risky endeavor that has previously only been done by government astronauts. The crew, consisting of a billionaire entrepreneur, a retired military fighter pilot, and two SpaceX employees, has undergone over two years of intensive training for this mission. They will embark on a tethered spacewalk outside their Crew Dragon capsule in Earth’s orbit, testing SpaceX’s new astronaut spacesuits in the process. SpaceX’s…

Investing Expert Reveals Top Weekend News: Cardano Founder Challenges ADA Community, BlackRock ETF Hits Milestone, “Rich Dad Poor Dad” Author Urges Move to Bitcoin As the world’s best investment manager and financial market journalist, I bring you the top stories from this past weekend that you need to know about. Cardano founder Charles Hoskinson has launched a $1 million challenge to the ADA community, offering a bounty to anyone who can hack the new security feature of the Cardano Web3 wallet. BlackRock’s iShares Bitcoin Trust ETF has hit a historic milestone, with massive inflows since its launch in January 2024.…

Insider Trading Alert: Workiva Inc. Director Increases Stake by $315,640 – What Does This Mean for Investors? In a recent SEC filing, Martin J. Vanderploeg, a director at Workiva Inc. (NYSE:), acquired 4,000 shares of Class A Common Stock at a weighted-average price of $78.91, totaling approximately $315,640. This significant purchase has increased Vanderploeg’s direct holdings in the company, signaling confidence in its future performance. Workiva Inc., known for its cloud-based software solutions, has been experiencing a surge in demand for its innovative services that simplify reporting and compliance processes for businesses worldwide. The recent acquisition by Vanderploeg could be…

Why You Should Invest in High Buyback Stocks Ahead of Fed Rate Cuts: A Historical Analysis As the Federal Reserve gears up to slash interest rates, savvy investors should zero in on high buyback stocks. Historically, these stocks have outperformed the market—even in the face of economic downturns and recessions. Here’s why you should consider loading up on these outperformers now. The Power of Buybacks During Rate Cuts Evercore ISI’s latest macro note reveals that companies with a high buyback factor have consistently outperformed during rate cut cycles, boasting a 100% hit rate since 1990. This trend holds true regardless…

Kamala Harris Plans to Raise Corporate Tax Rate to 28% if Elected, Trump Vows to Keep Cuts Permanent In a bold move to bolster the economy, U.S. Vice President Kamala Harris has announced plans to increase the corporate tax rate to 28% if she defeats Republican rival Donald Trump in the upcoming election on Nov. 5. This proposal is aimed at ensuring that working people receive more money in their pockets and that billionaires and big corporations pay their fair share. During Trump’s presidency, he significantly reduced the corporate tax rate from 35% to 21% and introduced other tax breaks…

The Impact of AI-Generated Images in Political Campaigns Revealed by Trump’s Latest Memes on Truth Social On Sunday, former President Donald Trump stirred up controversy with a series of memes on Truth Social that seemingly show Taylor Swift endorsing his candidacy. But beyond the surface, these images shed light on the use of AI-generated images in political campaigns and the potential legal implications they carry. According to Noah Downs, an IP and entertainment lawyer, the rise of AI impersonators for endorsements is a growing concern. These fake AI endorsements have become so widespread that even popular shows like “Shark Tank”…

Insider Sale Alert: Chubb Ltd (NYSE:CB) Executive Vice President Sells Shares Worth $205,844 Chubb Ltd’s executive vice president, Timothy Alan Boroughs, recently sold 750 shares of company stock at $274.46 each, totaling approximately $205,844. The sale, which took place on August 19, 2024, has sparked investor interest in the company’s future prospects. Insider sales are closely monitored by investors as they can offer insights into an executive’s view on the company’s valuation. Boroughs, who also serves as the Chief Investment Officer for Chubb Limited, still holds a significant stake in the company despite the recent transaction. Chubb Limited has been…

Title: "Trump Pledges to Block Nippon Steel Deal and Rescind Biden’s Power Plant Rules in Major Campaign Address" By Gram Slattery and David Shepardson YORK, Pennsylvania (Multibagger) – In a pivotal campaign address, Republican presidential candidate Donald Trump announced his unwavering stance against Nippon Steel’s proposed acquisition of U.S. Steel and vowed to overturn recent Biden administration power plant pollution regulations. In his address to workers in York, Pennsylvania, Trump reiterated his February stance, stating if elected, he "will stop Japan from buying U.S. Steel." This announcement immediately impacted the stock market, with shares of U.S. Steel plummeting 3.5% following…