Author: Multibagger News

By Jonathan Stempel A federal appeals court has made a landmark decision that will impact the future of housing discrimination in the United States. The 7th U.S. Circuit Court of Appeals has ruled in favor of the Consumer Financial Protection Bureau (CFPB) in their case against non-bank mortgage lender Townstone Financial for engaging in redlining practices. What is redlining, you ask? Redlining is when lenders deny or discourage mortgage loans based on race, color, or national origin. This discriminatory practice has long been a stain on the housing industry, and the CFPB is taking a stand against it. The CFPB…

By Luc Cohen, Best Investment Manager and Financial Market’s Journalist NEW YORK (Multibagger) – In a groundbreaking development, Donald Trump’s legal team has raised concerns about the use of evidence related to the former U.S. president’s official actions in his recent criminal conviction tied to hush money payments made to a porn star. Trump’s lawyers argue that the guilty verdict should be overturned in light of the U.S. Supreme Court’s ruling on presidential immunity, which prohibits criminal charges against presidents for official acts. Justice Juan Merchan has delayed Trump’s sentencing by two months, following the July 1 ruling that prosecutors…

LuxUrban Hotels Inc. Announces Proposed Follow-On Public Offering | InvestingPro Insights LuxUrban Hotels Inc. (NASDAQ:LUXH) has unveiled plans for a follow-on public offering, featuring shares of common stock and pre-funded warrants. The offering follows the filing of a shelf registration statement with the SEC on May 8, 2024, with Alexander Capital, L.P. as the sole book-running manager. LuxUrban’s strategy involves securing long-term hotel operating rights through Master Lease Agreements, catering to business and vacation travelers. The company aims to de-platform from franchise partners, enhance financial profiles, and drive organic growth through property openings and lease closings. Potential investors are urged…

After-Hours Stock Movers: Tesla Faces Setback, ASP Isotopes Declines, Joby Aviation Retreats Tesla (NASDAQ: TSLA) Dips Further Tesla shares fell an additional 1% after-hours, compounding an intraday loss of 8.4%. The decline follows a Bloomberg report that announced a two-month delay in the launch of Tesla’s robotaxi business. This news has caused significant concern among investors who were banking on the rapid deployment of this innovative service. ASP Isotopes (ASPI) Plunges ASP Isotopes saw its shares drop by 16% following the announcement of an underwritten public offering of its common stock. The move indicates the company’s need to raise capital,…

Unprecedented Yen Surge Sparks Speculation of Japanese Intervention | U.S. Inflation Report Sends Dollar Lower – What Does This Mean for Your Investments? The yen made a surprising jump across the board following the release of a U.S. inflation report, leading to speculation of Japanese intervention in the market. Analysts are divided on whether intervention actually occurred, but the impact on forex players was undeniable. The U.S. inflation report showed a 0.1% drop in consumer prices, signaling a potential shift in Fed policy towards lower interest rates. Futures traders are now pricing in an 85% chance of a rate cut…

Breaking News: President Biden Mistakenly Refers to Ukrainian President as Putin at NATO Summit In a surprising slip-up, U.S. President Joe Biden mistakenly referred to Ukrainian President Volodymr Zelenskiy as “President Putin” during the NATO summit in Washington. Biden quickly corrected himself, stating, “Going to beat President Putin, President Zelenskiy. I am so focused on beating Putin.” This incident highlights the importance of diplomatic relations and the need for world leaders to stay alert and informed during high-stakes events such as the NATO summit. As an investment manager, it is crucial to monitor geopolitical events like these as they can…

Insider Buying Spree: CEE Holdings Trust Increases Stake in System1, Inc. (NYSE:SST) – What Does This Mean for Investors? In a series of recent transactions, CEE Holdings Trust has significantly boosted its ownership in System1, Inc. (NYSE:SST), a data processing and computer programming company. With investments totaling around $172,000, the trust acquired a substantial number of shares over three days at weighted average prices ranging from $1.43 to $1.45 per share. The trust’s ownership in System1, Inc. now stands at 8,625,096 shares following these acquisitions, which were made under a Rule 10b5-1 trading plan. Insider transactions like these can offer…

"F-35 Deliveries to Resume: What Investors Need to Know About the TR-3 Software Delays and Financial Implications" (Multibagger) – The resumption of F-35 jet deliveries is imminent, albeit without the full TR-3 software upgrade, according to the head of the F-35 Joint Program Office (JPO). This decision comes after delays caused by issues related to the TR-3 technology refresh, designed to enhance the jets’ displays, computer memory, and processing power. Understanding the TR-3 Tech Refresh and Its Impact The TR-3 upgrade is a critical series of software improvements aimed at boosting the F-35’s operational capabilities. However, lingering technical issues have…

By Michael S. Derby Federal Reserve Bank of St. Louis President Alberto Musalem welcomed a report showing cooling consumer level inflation pressures but declined to specify when he would like the U.S. central bank to lower its interest rate target. The June Consumer Price Index indicates progress towards lower inflation, with evidence of consumers resisting higher prices. Musalem stated that the current monetary policy is restrictive but not overly so, and supported the decision to hold rates steady at the last policy meeting. He emphasized the importance of balancing the risks of cutting rates too early versus too late in…

President Biden Faces Pressure to Exit 2024 Presidential Race Despite Defiant Stand President Joe Biden’s decision to remain in the 2024 U.S. presidential race despite mounting pressure to step aside has shocked many allies and critics alike. What could be driving his determination to face off against Donald Trump once again? Let’s delve into the reasons behind Biden’s unwavering resolve. Despite concerns about his age and performance, Biden believes he is the best candidate to defeat Trump. He has surrounded himself with loyal aides who are firmly in his corner, reinforcing his decision to stay the course. The support from…