Author: Multibagger News

China’s Bond Market Rally Hits Snag as Prices Drop and Turnover Falls Investors in China are facing a new challenge as the long bond rally in the country has come to a halt. Prices are down, and turnover has tumbled as Beijing intervenes to prevent yields from falling further. This has led to a second consecutive weekly drop in ten-year treasury futures, marking the largest fortnightly decline in nearly a year. Despite signs of a slowing economy, which would typically prompt more policy easing and bond buying, the market is now cautious due to the intervention by state banks and…

Insider Sales Shake Up Asbury Automotive Group Inc (NYSE:ABG): Impactive Capital Executives Cash Out $4.8 Million Impactive Capital, a renowned investment management firm, recently made a significant move by selling 21,000 shares of Asbury Automotive Group Inc (NYSE:ABG) on August 14 and 15, 2024. This transaction resulted in netting over $4.8 million for the sellers, including Managing Members Christian Asmar and Lauren Taylor Wolfe. The sales were done at varying prices, with shares fetching an average of $225.63 on August 14 and $232.50 on August 15. This indicates a slight increase in the stock value over the two-day period. The…

As the world’s leading investment manager and financial market journalist, I am here to uncover the hidden truths of the games industry that are affecting performers in ways we never imagined. Performers in the games industry have been speaking out about the distress they face when asked to work on explicit content without prior notice. From scenes featuring sexual assault to intimate acts, performers are often left in the dark until the last moment. Sex scenes have become common in modern games, created by filming human actors who are then digitized into game characters. However, the lack of transparency around…

Unveiling the Dark Side of the Gaming Industry: Performers Speak Out on Disturbing Experiences In a shocking revelation, performers in the gaming industry have come forward to share their distress at being asked to work on explicit content without prior notice, including scenes featuring sexual assault. These performers, who bring characters to life in modern games through motion capture and voice acting, have spoken out about the culture of secrecy surrounding projects, where scripts are often withheld until the last minute. One such performer, Jessica Jefferies, a professional casting director and former motion capture artist, recounted a harrowing experience where…

Laura Schmidt Increases Stake in U.S. GoldMining Inc. (NYSE:USGO) by Investing $1995 in Shares In a recent development, Laura Schmidt, a director at U.S. GoldMining Inc. (NYSE:USGO), has boosted her ownership in the company by purchasing shares worth $1995. Schmidt acquired a total of 383 shares over two days, with prices ranging from $5.1939 to $5.2261 per share. Insider transactions like these can provide valuable insights into a company’s prospects, and Schmidt’s purchases signal confidence in U.S. GoldMining Inc.’s future. The company operates in the gold and silver ores sector and is listed on the NYSE under the ticker symbol…

Former Brazilian Justice Minister Accused of Voter Suppression in 2022 Election | Financial Market News BRASILIA (Multibagger) – Brazil’s federal police have formally accused the country’s former justice minister, Anderson Torres, of acting to block voters in an opposition stronghold from reaching polling stations in the 2022 presidential election, according to sources. The former minister, along with the ex-chief of Brazil’s Federal Highway Police and four others, have been accused of political violence in this case, as reported by local news outlet g1. President Luiz Inacio Lula da Silva won the 2022 election in a tight runoff against far-right incumbent…

Insider Selling Alert: Century Communities, Inc. (NYSE: CCS) Chairman Sells $4.61 Million Worth of Stock Century Communities, Inc. (NYSE: CCS) Chairman and Co-CEO, Dale Francescon, recently sold 50,000 shares of common stock at $92.22 per share, totaling approximately $4.61 million. This significant transaction has adjusted Francescon’s direct holdings to 427,936 shares. Additionally, Francescon holds an indirect ownership through DF Century LLC, which has 1,264,762 shares of Century Communities’ common stock. Insider transactions like this provide valuable insights into executives’ confidence in the company’s prospects. Investors often monitor these actions closely when making investment decisions. Century Communities, a company based in…

Autry Stephens, Billionaire Founder of Endeavor Energy, Passes Away at 86 – Impact on Energy Markets and Investment Strategies Autry Stephens, the renowned billionaire behind Endeavor Energy Resources, has tragically passed away at the age of 86 after a long battle with cancer. His relentless work ethic and visionary leadership have left a lasting impact on the energy industry. Stephens, known for his frugal nature and tenacity, founded Endeavor in 1979 and transformed it into a powerhouse in the oil and gas sector. Despite facing challenges in the past, he persevered and built a successful company that recently agreed to…

Petz and Cobasi Merge to Form Brazil’s Largest Pet Products Retailer: A Game-Changing Move for Investors By Alberto Alerigi SAO PAULO (Multibagger) – In a landmark move set to reshape Brazil’s pet products industry, shares in Petz surged on Friday following the formalization of its merger with rival Cobasi. This strategic alliance creates the nation’s largest pet products retailer, a development that promises significant market shifts and investment opportunities. The Merger Breakdown The initial announcement came in April when Petz and Cobasi signed a memorandum of understanding, setting the stage for this transformative merger. The agreement has now been confirmed,…

As the top investment manager in the world, I bring you the latest scoop on the financial markets. Andreessen Horowitz, the renowned venture firm, recently shared a guide on enhancing your social media presence. This guide offers valuable insights for founders on connecting with their audience and optimizing their posting frequency. The timing of this tweet was quite interesting, coinciding with a social media uproar sparked by founder Ben Horowitz’s post on X. Horowitz expressed displeasure over an article in The San Francisco Standard regarding his family’s political contributions and accused rival VC Michael Moritz, owner of The Standard, of…