Money

Magnera Stock Soars 28% After Strong Q4 Results

Magnera Corporation experienced a notable uptick in its stock value during Wednesday's after-hours trading, with shares climbing over 28% to reach $10.19. This surge reflects investor confidence following the disclosure of the company's robust fourth-quarter financial achievements, which underscored its strong operational performance and effective financial management.

The Charlotte-based material solutions provider unveiled impressive figures for its fourth quarter, reporting net sales of $839 million and an operating income of $10 million. Additionally, the company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $90 million for the period. Magnera also highlighted a record-setting operational cash flow of $96 million in the fourth quarter, contributing to a post-merger adjusted free cash flow of $126 million for fiscal year 2025, significantly surpassing its financial objectives and indicating a healthy financial yield of more than 30%.

Despite facing a challenging economic environment, Magnera's full-year results for fiscal 2025 were strong, with total net sales of $3.2 billion and adjusted EBITDA of $362 million. CEO Curt Begle acknowledged the difficult macroeconomic conditions but emphasized the company's success in meeting its EBITDA guidance and exceeding its free cash flow goals. Looking ahead, the manufacturer of fiber-based engineered products anticipates continued positive momentum, projecting an adjusted EBITDA of $380-$410 million and free cash flow of $90-$110 million for fiscal year 2026, driven by an estimated 9% improvement in reported earnings through strategic cost optimization efforts. While the stock had seen a year-to-date decline, these recent financial disclosures and future outlook have injected renewed optimism among investors.

Magnera's latest financial triumph is a testament to its resilience and strategic prowess in navigating complex market dynamics. Such strong performance signals a positive trajectory for the company, demonstrating that with sound management and clear objectives, businesses can not only weather economic storms but also emerge stronger, fostering growth and inspiring confidence in the broader market.

Bernie Sanders Criticizes Trump's 'America First' Rhetoric, Denounces Support for Authoritarianism

In a scathing critique, Senator Bernie Sanders has voiced strong disapproval of the former President's ostentatious reception for Saudi Crown Prince Mohammed bin Salman. Sanders characterized the White House event as a disturbing endorsement of authoritarian regimes and a global elite, raising serious questions about the direction of American foreign policy and economic priorities.

Senator Sanders Denounces Trump's Embrace of 'Global Oligarchy' Amidst Controversial White House Visit

On November 19, 2025, Senator Bernie Sanders (I-Vt.) publicly condemned former President Donald Trump's lavish welcome for Saudi Crown Prince Mohammed bin Salman, which included a White House reception and state dinner. Sanders forcefully articulated his view that this interaction signified a concerning embrace of global authoritarianism and an international oligarchy.

Through social media, Sanders highlighted the Crown Prince's alleged involvement in severe human rights violations, including the starvation of civilians in Yemen, the dismemberment of a U.S. journalist, and a record number of executions. He contrasted these actions with Trump's decision to host bin Salman at the White House, where some of America's wealthiest individuals were also in attendance. Sanders asserted that this event sent a clear message of support for a worldwide system dominated by powerful, unelected figures.

Earlier that day, Sanders drew a sharp comparison between the immense wealth of the Saudi royal family and the financial hardships faced by many American voters. He pointed out that while the Saudi royal family, with its estimated $1.4 trillion fortune, was being offered advanced F-35 fighter jets despite controversies, ordinary American couples might face quadrupled insurance premiums. He challenged the sincerity of the 'America First' slogan, suggesting that such policies did not prioritize the well-being of average citizens.

In a subsequent written statement, Sanders intensified his criticism, branding the event a 'Trump-MBS Love Fest.' He argued that the visit positioned the United States on the side of authoritarianism rather than democracy. The senator also took aim at the black-tie dinner, which saw bin Salman, Trump, and prominent billionaires and CEOs like Elon Musk and Jensen Huang gathered together. He contended that while these ultra-rich individuals continued to accumulate wealth, the majority of Americans struggled with basic necessities such as food, housing, and healthcare.

Furthermore, Sanders accused the week's events of exposing Trump's 'extraordinary kleptocracy,' citing concerns about potential conflicts of interest arising from Trump's family and allies pursuing real estate and investment ventures tied to Saudi money, coinciding with favorable treatment extended to Riyadh.

The visit also included significant announcements, such as a Strategic Defense Agreement aimed at bolstering deterrence in the Middle East, future deliveries of F-35 fighter jets, and a Saudi commitment to purchase nearly 300 U.S. tanks. Additionally, a joint declaration on civil nuclear energy cooperation was made, alongside a pledge to increase Saudi investment in the United States from $600 billion to $1 trillion.

Senator Sanders' unwavering stance serves as a potent reminder of the importance of ethical leadership and the need for consistency in upholding democratic values, both domestically and on the global stage. His comments urge a deeper examination of the relationships forged with foreign powers and their implications for human rights and the welfare of citizens at home.

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Amazon Issues Automatic Refunds Following Major FTC Settlement: How to Claim Your Share

Amazon has started the process of automatically refunding millions of its customers, stemming from a significant $2.5 billion agreement reached with federal regulatory bodies. This settlement addresses past claims that the company engaged in deceptive practices, specifically concerning the enrollment and cancellation procedures for its Prime membership service. The Federal Trade Commission (FTC) has been a key player in this resolution, pushing for changes in Amazon's operational methods to ensure consumer protection and transparency.

Unlocking Your Share: Amazon's Multi-Billion Dollar Refund Initiative

Unraveling the FTC's Allegations Against Amazon's Prime Enrollment

On Wednesday, the e-commerce giant initiated a massive refund operation, fulfilling its obligation under a $2.5 billion settlement with federal regulators. The Federal Trade Commission had accused the company of deploying misleading tactics to enroll users into its paid Prime subscription service, subsequently complicating efforts for these users to cancel their memberships. Regulators specifically pointed to Amazon's reliance on 'dark patterns'—deceptive design practices—to secure customer consent for Prime enrollment and to hinder the subscription cancellation process. As part of the agreement, Amazon is mandated to revamp its enrollment and cancellation systems, incorporating a clear and easily accessible option for members to terminate their subscriptions.

The Financial Scope of the Settlement and Customer Reimbursements

The settlement, finalized earlier this year, requires Amazon to disburse $2.5 billion. Of this sum, $1 billion constitutes a civil penalty, while the remaining $1.5 billion is earmarked for customer refunds. Eligible U.S. Prime members, who either enrolled through disputed methods or attempted cancellations between June 23, 2019, and June 23, 2025, are now receiving automatic reimbursements. To qualify for a refund, customers must have utilized fewer than three Prime benefits within one year of joining. The FTC stipulates that qualifying users will be refunded the actual membership fees paid, up to a maximum of $51, after deducting any previous credits or refunds. Customers have a 15-day window to accept their payout via PayPal or Venmo. Those who do not respond to Amazon's email will automatically receive a paper check mailed to their default shipping address, as reported by The Hill.

Amazon's Stance and Future Service Enhancements

In response to the settlement, Amazon previously stated its consistent adherence to legal requirements, emphasizing that the resolution enables the company to move forward. The company affirmed its commitment to transparency in Prime enrollment and cancellation, and to delivering substantial value to its members, with ongoing plans to enhance the service. The distribution of refunds is set to continue until December 24, with a broader claims process for additional customers anticipated to commence next year, according to the FTC.

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