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Bitcoin's 'Uptober' Is Coming, $100K Is The Target For Q4, Says Trader
Pseudonymous crypto trader Stockmoney Lizards analyzed Bitcoin's (CRYPTO: BTC) post-halving performance, pointing out that the "boring sideways movement" does not equate to bearish sentiments. What Happened: The trader predicted in a thread on X Bitcoin's price to peak around September to October 2025, with a personal price target between $200,000 and $260,000. For Q4 of this year, the price target is around $100,000 based on a classic bull flag. He forecasts an “Uptober coming” as BTC closed the week with a bullish signal line crossing on the RSI. Also Read: Bitcoin As ‘Global Liquidity Barometer:’ This Relationship Holds 83% Of The Time Over...
Visa Takes On Financial Crime: Acquires AI Fraud Specialist Featurespace, Strengthening Payment Security
Visa Inc. (NYSE:V) shares are trading higher on Thursday. The company inked a deal to acquire Featurespace for an undisclosed amount. Featurespace is a developer of real-time AI payments protection technology that addresses fraud and financial crime risks. This acquisition is expected to enhance Visa’s portfolio of fraud detection and risk-scoring solutions, supporting clients globally in growing and safeguarding their businesses. The partnership between Visa and Featurespace is projected to empower clients to manage fraud in real-time and strengthen the payments ecosystem through AI-driven solutions. Also Read: Visa Reportedly Faces DOJ Antitrust Lawsuit Alleging Monopolization Of US Debit Card Market Amid Regulatory Crackdown This investment...
TD SYNNEX's Q3: Earnings Beat, Revenue Surge, And IT Market Recovery On The Horizon
TD SYNNEX Corp (NYSE:SNX) shares are trading higher on Thursday after the company reported its third-quarter results. The Fremont, California-based company reported an adjusted EPS of $2.86, beating the street view of $2.80. Quarterly revenue of $14.69 billion, up 5.2% Y/Y, exceeded the analyst view of $14.11 billion. On a constant currency basis, revenue increased 5.6% Y/Y, aided by growth in both the Advanced Solutions and Endpoint Solutions portfolios. Adjusted gross billings were $20.3 billion in the quarter under review, compared to $18.58 billion in the prior fiscal third quarter. The adjusted gross profit was $961.05 million, compared to $973.7 million in the prior fiscal third quarter. The adjusted gross margin was 6.54%, compared to 6.97% in the last quarter. Adjusted operating income stood at $393 million vs....
Nasdaq Gains Over 1%; Micron Posts Upbeat Q4 Results
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 1% on Thursday. Following the market opening Thursday, the Dow traded up 0.65% to 42,187.74 while the NASDAQ rose 1.13% to 18,285.75. The S&P 500 also rose, gaining, 0.65% to 5,759.58. Check This Out: How To Earn $500 A Month From Costco Stock Ahead Of Q4 Earnings Leading and Lagging SectorsMaterials shares jumped by 1.5% on Thursday. In trading on Thursday, energy shares fell by 1.4%. Top Headline Micron Technology Inc (NASDAQ:MU) reported better-than-expected fourth-quarter financial results. The company reported fourth-quarter revenue of $7.75 billion, beating the consensus estimate of $7.635 billion. The company reported...
Trump Claims Inflation Has Cost American Households $28,000 – Is He Right? Here's What Financial Experts And Analysts Are Saying
Former President Donald Trump has recently ramped up his criticism of President Biden and Vice President Kamala Harris, claiming inflation has caused severe financial strain for American families. During a Sept. 13 rally in Las Vegas, Trump asserted that “the worst inflation in American history” has cost the average American household a whopping $28,000. He repeated the figure at rallies in Wisconsin, Pennsylvania and Arizona, raising eyebrows and fueling debate. But is Trump's claim accurate? Economists and analysts have weighed in, providing some clarity on the matter. Don't Miss: The average American couple has saved this much money for retirement — How do you...
FBI Raids NYC Mayor Eric Adams As Sealed Indictment Nears
FBI agents seized New York City Mayor Eric Adams‘ phone early Thursday during a raid at his official residence, Gracie Mansion. The search comes as federal authorities prepared to unveil an indictment against Adams on sealed criminal charges. The charges, which remain confidential, follow weeks of federal investigations targeting the mayor’s inner circle and City Hall. Several high-ranking city officials have resigned in recent days amidst related probes, the Associated Press reports. What Happened: Mayor Adams, a Democrat, has not been arrested. Federal agents have conducted multiple raids in recent weeks targeting close associates. Devices were previously seized from his police commissioner,...
CarMax Q2 Earnings: Mixed Results As Sales Beat Expectations But Loan Losses Weigh On Profits
CarMax, Inc. (NYSE:KMX) shares are currently trading higher after the company reported mixed second-quarter earnings results. The company reported earnings per share of 85 cents, missing the analyst consensus estimate of 86 cents. CarMax Auto Finance income was $115.6 million, a decline of 14.4% from last year’s second quarter. An increase in the provision for loan losses outweighed growth in CAF’s average managed receivables and a stable net interest margin percentage. Quarterly sales of $7.01 billion beat the street view of $6.79 billion. Also Read: What’s Going On With Southwest Airlines Stock After Guidance Update? Retail used unit sales rose by 5.1%, while comparable store...
Google's GV Invests $11M In Finnish Startup Revolutionizing Mixed-Reality Tech For Car Windshields And Cockpits
In a recent development, GV, the venture capital division of Google by Alphabet Inc, (NASDAQ:GOOG) (NASDAQ:GOOGL), has invested in a Finnish startup, Distance Technologies, which is working on integrating mixed-reality technology into car windshields and airplane cockpits. What Happened: Distance Technologies has successfully raised 10 million euros ($11.1 million) in a seed funding round led by GV. The round also saw participation from other investors such as FOV Ventures and Maki.vc, CNBC reported on Thursday. Distance, based in Helsinki, is developing a technology that can transform any transparent surface into an augmented-reality display, eliminating the need for hardware like mixed-reality headsets or...
'Safety Disaster:' Tesla FSD 'Galaxies Away From Being Anywhere Close To Competition,' Says Bearish Analyst, As He Assigns Zero Valuation To The Tech
With just two weeks to go for Tesla, Inc.’s (NASDAQ:TSLA) Robotaxi unveil event, an analyst painted a bleak picture of the company’s self-driving technology. What Happened: Tesla’s FSD, which is now promoted as fully-supervised FSD, is a “safety disaster” and “galaxies away from being anywhere close to the competition,” said GLJ Research’s Gordon Johnson in a note. Tesla’s competitors in this arena are Alphabet, Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo and General Motors Corp.’s (NYSE:GM) Cruise. With Tesla eyeing the rollout of its Fully Supervised FSD in China, the Elon Musk-led company would be up against domestic player Baidu, Inc.’s (NASDAQ:BIDU) Apollo Go. Johnson referenced...
Bitcoin Mining Stock Bitdeer Technologies Is Rising Thursday: What's Going On?
Bitdeer Technologies Group (NASDAQ:BTDR) shares are trading higher. The company on Thursday announced that it completed the testing of its latest Bitcoin (CRYPTO: BTC) mining chip. What To Know: Bitdeer said its Bitcoin mining chip SEAL02 has successfully gone through testing following tape-out. SEAL02 uses advanced process nodes in partnership with Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM). Bitdeer noted that its latest chip showed an exceptional power efficiency ratio during testing and met the milestone that the company outlined in June. “We are thrilled about achieving SEALMINER’s power efficiency target as reflected in our roadmap. Our ongoing commitment to R&D is making...
Why NRG Energy Stock Is Trading Higher Thursday
NRG Energy Inc (NYSE:NRG) shares are trading higher Thursday after the company raised its full-year 2024 outlook. What Happened: After the market close on Wednesday, NRG Energy scheduled its third-quarter financial results and updated its 2024 guidance. The company raised its full-year 2024 adjusted EBITDA guidance from a range of $3.3 billion to $3.55 billion to a new range of $3.525 billion to $3.675 billion, representing an increase of $175 million at the midpoint. NRG Energy also raised its free cash flow before growth guidance from a range of $1.825 billion to $2.075 billion to a new range of $1.975 billion...
H.B. Fuller Misses Q3 Earnings Estimates On Weak Demand, Shares Tank
H. B. Fuller Company (NYSE:FUL) shares are trading lower after the company reported worse-than-expected third-quarter results and revised its FY24 guidance downwards. Net revenue of $917.93 million missed the consensus of $944.3 million. Organic revenue experienced modest growth, with pricing adjustments causing a 2.6% decline and volume contributing a 3.0% increase. Adjusted gross profit was $279 million, with an adjusted gross profit margin of 30.4%, representing a 40 basis point increase from the previous year. Gross profit was driven by volume leverage, restructuring savings, and benefits from acquisitions. Adjusted EBITDA rose 6% Y/Y to $165 million, fueled by volume growth, restructuring savings, and advantages from...
The $85 Million Penthouse Nobody Wanted – Except Former British Prime Minister Tony Blair
The convicted Chinese fraudster Guo Wengui, who used the aliases Ho Wan Kwok and Miles Kwok, is trying to sell his Manhattan penthouse again. It's listed for $24 million – way down from the original $86 million asking price. Guo was once accepted into the super exclusive co-op board at the Sherry-Netherland on Fifth Avenue. It's rumored that a glowing letter from former British Prime Minister Tony Blair, who had even dined in the apartment, helped him get in. Don't Miss: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here’s...
CMGE Makes A Global Play With Chinese-Themed Video Games
Key Takeaways: CMGE Technology announced it was buying the international rights to the game “The Legend of Sword and Fairy” from Taiwan’s Softstar Entertainment The Chinese gaming company looks to be speeding up an overseas push to offset intense competition in its home market By Fai Pui It has been an action-packed year for the producer of the hit game “Black Myth: Wukong”, an adventure story featuring a legendary ape-like hero. Since its release on Aug. 20, the title has injected new life into China’s battered gaming market and has blazed a trail for more Chinese-themed blockbusters to find a receptive overseas audience. Based on a...
Elon Musk Reiterates Support For Ex-President Amid SpaceX's Regulatory Tensions With FAA: 'Trump Or Doom'
Billionaire entrepreneur Elon Musk on Thursday reiterated that Donald Trump‘s election as President in the upcoming November elections will be integral to achieving his dreams of taking people to Mars. What Happened: “Trump or doom. This is the fork in the road of destiny,” Musk wrote on social media platform X on the heels of building tension between the Federal Aviation Administration (FAA) and his rocket manufacturing company SpaceX regarding delays in receiving regulatory approvals on the next test flight of its Starship launch vehicle. “America is being smothered by ever larger mountains of irrational regulations from ever more new...
What's Going On With Nvidia, Broadcom, Intel, And Other Chip Stocks On Thursday?
Semiconductor stocks especially linked to artificial intelligence led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), Broadcom Inc (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Arm Holdings Plc (NASDAQ:ARM), Qualcomm Inc (NASDAQ:QCOM) are trading higher Thursday in sympathy with Micron Technology, Inc’s (NASDAQ:MU). Micron’s upbeat fourth-quarter performance is pushing the sector higher. AI server company Super Micro Computer, Inc (NASDAQ:SMCI) has also gained momentum. On Wednesday, Micron reported quarterly revenue of $7.75 billion, up by 93%, beating the analyst consensus of $7.64 billion. This was driven by a strong ramp of its data center DRAM and high-bandwidth memory products. Also Read:...
Weekly Jobless Claims Lower Than Expected, Suggesting Labor Market Strength: Wall Street Set For Higher Open
The U.S. economy expanded by 3% in the second quarter, according to the third estimate released Thursday, up from the 1.4% growth seen in the first quarter and representing an no change from the government’s second estimate. This outcome continues to reflect the strength of the U.S. economy, marking the eighth consecutive quarter of growth. In a separate report released Thursday, initial jobless claims for the week ending Sept. 21 came in slightly below expectations, suggesting some improvement in labor market conditions. Q2 GDP Report (3rd Estimate) Key Highlights The U.S. real gross domestic product (GDP) grew at an annualized rate of 3%...
This Nordstrom Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Keybanc analyst Noah Zatzkin downgraded the rating for Nordstrom, Inc. (NYSE:JWN) from Overweight to Sector Weight. Nordstrom shares fell 2.5% to close at $22.64 on Wednesday. See how other analysts view this stock. Deutsche Bank analyst Derek Johnston downgraded Regency Centers Corporation (NASDAQ:REG) from Buy to Hold, but raised the price target from $70 to $75. Regency Centers shares fell 0.2% to close at $72.40 on Wednesday. See how other analysts view...
LeafLink's New Payment Option Is Vital For Cannabis Retailers Facing Financial Strain
Cannabis wholesale platform LeafLink announced its Payment on Sell Through (PoST) on Thursday. What Happened: The new payment option for cannabis wholesale guarantees payments to brands as retailers pay for what they sell. This is LeafLink's third payment option available on the platform, alongside Direct Pay and FlexPay. LeafLink acquired Dama Financial in July, to offer customers access to a reliable, secure and compliant banking solution. The new payment option is another significant step towards building a cannabis e-commerce ecosystem to help businesses operate more efficiently. Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox...
Why Is Pasithea Therapeutics Stock Surging On Thursday?
On Thursday, Pasithea Therapeutics Corp. (NASDAQ:KTTA) announced safety, tolerability, pharmacokinetic (PK), and preliminary efficacy data from the first 2 cohorts of patients (n=6) in its Phase 1 trial of PAS-004 in patients with MAPK pathway-driven advanced solid tumors with a documented RAS, NF1 or RAF mutation or patients who have failed BRAF/MEK inhibition. Pasithea stock is trading higher on a strong volume of 9.01 million versus an average of 17.3k as per data from Benzinga Pro. Pharmacokinetics (PK) Plasma exposure increased with an increase in dose, and linear PK was observed. A long half-life of approximately 70 hours will allow for once-daily dosing or longer...
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