Tencent Music Enter Gr에 대한 매도 수량은 투자자에게 Tencent Music Enter Gr의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Tencent Music Enter Gr (NYSE:TME) 주식, 공매도 수량 보고

Tencent Music Enter Gr

Tencent Music is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.

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이들 10개 대형주는 8월에 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 슈퍼 마이크로 컴퓨터(NASDAQ:SMCI)의 주식은 8월에 34.89% 하락했다. 이 회사는 10-K 제출을 연기했다.

인텔, 모더나 그리고 달러 제너럴은 8월 최악의 성과를 보인 10개 대형주 중 일부

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이들 10개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 텐센트 뮤직 엔터테인먼트 그룹(NYSE:TME)이 2분기 매출 부진을 보고한 후 주가는 18.18% 하락했다. 몇몇 분석가들은 주식의 목표 주가를 낮췄다. 

리비안과 치폴레는 지난주 최악의 성과를 보인 10개 대형주 중 일부 (8월 11일-8월 17일)

Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares

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If you want a brand-new <a href="https://www.benzinga.com/topic/cybertruck">Tesla Cybertruck</a>, you might be surprised to discover you can have one built and delivered to your door in 10 days. While that sounds great for anyone in the market for one of these futuristic-looking trucks, it's a worrying sign for Tesla. It suggests that demand for the Cybertruck is nowhere near what Tesla hoped for – and that's a big problem for the company.
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Originally, the Cybertruck had a very long waiting list. Tesla once had <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36076140/tesla-bull-calls-cybertruck-niche-product-demand-will-be-limited-until-pricing-come">over a million people</a> who put down $100 to reserve one. Back then, Elon Musk expected the Cybertruck would be sold out until 2027, meaning anyone who wanted one would have to wait years. But the situation looks very different less than a year after production began.
Only about 2.5% of those million-plus reservations turned into actual orders. Now, instead of people lining up to get their hands on one, Tesla is scrambling to find new buyers. The initial hype has fizzled and what remains is a tough market reality – Tesla has more trucks than buyers.
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Several new Cybertruck owners have shared their experiences online and the trend is clear: Tesla delivers these trucks much faster than expected. For example, a recent buyer, Gabe Thompson, <a href="https://www.facebook.com/groups/CyberTruck/permalink/8463465163748953/">shared</a> on social media that he ordered his non-Foundation Series Cybertruck on October 18. By Oct. 29, he was already taking delivery in Dallas. He didn&#8217;t have a years-old reservation; he simply went to Tesla's website, ordered a $79,990 truck and 10 days later, it was his.
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As Torque News reports, other new owners have similar stories. One person ordered on Oct. 15 and had a delivery date of October 30. Another got his Cybertruck delivered in under three weeks after placing an order. The fact that Tesla can build and deliver these trucks so quickly suggests one thing: there aren't many new orders in the pipeline.
So what happened to all the demand? Tesla fans who were once eager to pay for the Cybertruck seem to have backed off. Some Reddit commenters speculate that years of delays, rising prices and changes to the truck&#8217;s design may have turned people off. After all, the final product isn't exactly what was first promised. It's also possible that some people who reserved a truck years ago aren't interested anymore – or can't justify the <a href="https://www.benzinga.com/news/24/08/40212316/tesla-ceo-elon-musk-reiterates-need-to-make-cybertruck-cheaper-its-a-great-truck-we-need-to-make-it">$80,000 price tag</a>.
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If Tesla can't build up demand for the Cybertruck, the company could face some hard choices. They might have to scale back production or pause it until demand catches up. This greatly contrasts Tesla's other models, like the Model 3 or Model Y, which continue to sell well without reservation lists. The Cybertruck was supposed to be a game-changer, but right now, it's looking more like a gamble that isn't paying off.
For anyone wanting a Cybertruck, now is probably the easiest time to get one. But for Tesla, the ease of getting one points to a bigger problem: the demand just isn't there and the hype that once surrounded the Cybertruck might have driven off into the sunset.
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If You Want A New Tesla Cybertruck, You Can Get It Built And Delivered In 10 Days. That's Not A Good Thing For The EV Company

In a <a href="https://www.youtube.com/watch?v=6dLsC85qOF0&amp;t=8s">recent segment</a> on The Ramsey Show, personal finance expert <a href="https://www.benzinga.com/personal-finance/24/10/41271856/living-in-an-apartment-and-investing-60-is-it-a-smart-plan-dave-ramseys-response-to-houston-grad">Dave Ramsey</a> and his co-host John Delony discussed a call from a father grappling with a dilemma about inheritance. The caller explained that he and his wife, both devout Christians, were considering imposing religious stipulations on their inheritance. Their concern focused on his 24-year-old daughter from a previous marriage, whom they wanted to ensure was living "according to the Bible" as a condition for receiving her share.
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The caller shared his wife's idea of withholding the inheritance if their daughter didn't meet certain spiritual standards. He sought advice on whether such conditions were appropriate, asking Ramsey for guidance on the best course for setting up their children's <a href="https://www.benzinga.com/personal-finance/24/10/41462117/man-inherits-50-million-and-turns-to-dave-ramsey-for-advice-he-says-wealthy-people-who-give-are-">inheritance</a> in line with their faith.
Ramsey emphasized that while his and his wife&#8217;s estate plans have similar requirements, their approach is not punitive. Instead, Ramsey said he views his wealth as a form of stewardship – a resource to be managed in line with his beliefs rather than as an ownership privilege passed down. This perspective shaped how he set up his children's inheritance, stressing that his estate plan wasn't intended to control behavior or act as a "carrot and stick" to force compliance with certain beliefs.
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To underscore his point, Ramsey compared inheritance to managing a business on behalf of someone else. He says that everything he owns he is managing for God. Just as a company owner would hire a manager who aligns with its values, he explained that he and his wife saw their children's potential inheritance as an extension of their religious responsibility to manage their wealth. Thus, his children would inherit what he called the "weight" of <a href="https://www.benzinga.com/personal-finance/24/11/41726342/can-you-guess-what-asset-the-ultra-wealthy-invest-in-most-heres-a-hint-its-not-stocks">managing wealth</a> rather than a "lottery win."
Delony added that tying inheritance to specific behavioral conditions could strain family relationships, especially between parents and adult children. "Here&#8217;s the thing, if you wanna drive a wedge between you and your adult children, try to control their adult behavior with the threat of, ‘then I&#8217;ll just take you out of the will.' You will lose your children. Don't do that."&nbsp;
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Delony also highlighted how various Christian denominations interpret biblical standards differently, making such conditions difficult to apply fairly. In the caller's case, Delony suggested focusing on open, supportive conversations with his daughter about faith instead of using inheritance as a control measure.
Ramsey further addressed the concept of misusing wealth by supporting poor choices. In his view, providing substantial financial support to a family member engaging in self-destructive behavior could amplify that behavior rather than help. However, he cautioned that withholding inheritance to shape or control adult children's decisions was ineffective.
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Both <a href="https://www.benzinga.com/personal-finance/24/09/40924375/hes-scared-were-going-to-blow-through-it-ramsey-show-caller-says-7-million-inheritance-is-causin">Ramsey and Delony</a> advised that while parents have the right to decide how their assets will be distributed, using inheritance as leverage to demand certain beliefs or behaviors may backfire. Ramsey concluded by encouraging the caller to adopt a perspective of support and guidance for his daughter's spiritual journey without using money to control her choices.
In situations like these, Ramsey recommends framing inheritance as a stewardship responsibility rather than a tool to enforce personal or religious standards. This approach, he suggests, could foster a healthier family dynamic, helping parents and children navigate complex issues of faith and finances with mutual respect.
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Parents Want To Take Away Inheritance From Daughter Not Living According To The Bible, Dave Ramsey Says Don't Use This As Punishment

President-elect Donald Trump wants to expand the federal death penalty during his second term, including making more <a href="https://www.benzinga.com/news/24/06/39450103/taiwan-president-lai-ching-te-calls-autocracy-evil-after-chinese-threats-of-death-penalty-for-separa" target="_blank" rel="noreferrer noopener">individuals eligible for execution</a>.
Trump would target those convicted of crimes such as child rape, drug trafficking, and the killing of law enforcement officers, calling these individuals as &#8220;terrible, horrible people&#8221; responsible for widespread harm, <a href="https://www.nbcnews.com/politics/2024-election/trump-wants-expand-federal-death-penalty-setting-legal-challenges-seco-rcna178979" target="_blank" rel="noreferrer noopener">reported</a> NBC News.
His stance has raised concerns among criminal justice reform advocates and anti-death penalty groups, who fear a revival of the controversial policies from his first term, which saw 13 federal executions, including the first woman executed in nearly 70 years, the report added.
While Trump&#8217;s exact plan remains unclear, legal experts warn of significant challenges.
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Expanding the death penalty to non-murder crimes, such as child rape, would likely require changes in federal law, as a 2008 Supreme Court ruling prohibits the execution of child rapists.
The process of ramping up federal executions also faces logistical hurdles, including securing the necessary lethal injection drugs and dealing with legal challenges that could delay any immediate action.
Despite these obstacles, advocates like Ruth Friedman of the Federal Capital Habeas Project fear that Trump could reinstate execution protocols quickly, potentially reversing Biden-era reforms, NBC News added.
With the Supreme Court&#8217;s conservative majority, legal experts suggest that efforts to reinstate and expand the death penalty could gain support, though bipartisan opposition from lawmakers remains a possibility.
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Trump's Plan To Expand Federal Death Penalty Could Face Hurdles

STOCK RISES 38 POINTS AFTER ALERT 

<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="691" height="863" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08212748/Screen-Shot-2024-11-08-at-4.31.04-PM.png" alt="" class="wp-image-3181" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08212748/Screen-Shot-2024-11-08-at-4.31.04-PM.png 691w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08212748/Screen-Shot-2024-11-08-at-4.31.04-PM-240x300.png 240w" sizes="(max-width: 691px) 100vw, 691px" /></figure>
Costco , Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Yesterday, at 10:00 AM on November 8th, a significant trading signal occurred for Costco, Inc. as it demonstrated a Power Inflow at a price of $923.81. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Costco&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Costco&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for COST <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $923.81. The returns on the High price ($961.84) and Close price ($943.80) after the Power Inflow were respectively 4.1% and 2.6%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. 
Past Performance is Not Indicative of Future Results

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COST

Tradepulse Power Inflow Alert: Costco Wholesale Corp. Receives Alert And Rises Over 4%

On Wednesday, Qualcomm Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) issued its fiscal fourth quarter results, surpassing Wall Street estimates on both revenue and earnings fronts, fueled by&nbsp;a wave of launches of flagship Chinese smartphones.
With its fortunes have been historically tied to the smartphone industry,&nbsp;Qualcomm continues its efforts to transform into an AI-era ready&nbsp;connected computing company. While it sells modems and related chips to Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) for its iPhones, this revenue stream is about to start fading. While Qualcomm closed a deal with Apple to keep selling chips by at least 2026, Apple is working on its own chips. Therefore, all eyes are on Qualcomm&rsquo;s diversificiation efforts to evaluate their chances of ofsetting the decline from losing Apple. Qualcomm has also made some serious moves to position itself in the AI landscape, having developed smartphone chips with specialized parts for machine learning since 2017. But unlike the AI leader, Nvidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>)&nbsp;&nbsp;Qualcomm does not produce the kind of graphics processors for data centers that are used for big AI programs like Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>)-backed OpenAI&rsquo;s ChatGPT. Moreover, Qualcomm&rsquo;s &ldquo;internet of things&rdquo; business includes both chips for industrial purposes as well as the chips Meta Platforms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) uses in its Quest handsets and Ray-Ban Smart Glasses, along with a new business selling chips for laptops running&nbsp;Microsoft&nbsp;Windows.&nbsp;
<h3>Fiscal Fourth Quarter Highlights</h3>
For the quarter ended on September 29th, revenue grew 19% YoY to&nbsp;&nbsp;$10.24 billion&nbsp;surpassed LSEG&rsquo;s estimate of $9.90 billion. Net income,&nbsp;$2.92 billion&nbsp;or $2.59 per share, which is almost double compared to last year&rsquo;s $1.49 billion, or $1.23 per share.&nbsp;Adjusted earnings per share of $2.69 also topped LSEG&rsquo;s estimate of $2.56&nbsp;per share.&nbsp;&nbsp;
Qualcomm&rsquo;s diversification efforts continue.
The IoT division reported revenue grew 22% YoY to $1.68 billion in revenue.&nbsp;The chip business that covers its handset, automotive, and other chips, grouped as QCT, reported sales growth of 18% as it brought in $7.37 billion.&nbsp;Its profitable technology licensing business, QTL, reported revenue grew as much as 21% YoY to $1.52 billion. Its&nbsp;&nbsp;automotive business grew 86%&nbsp;YoY as it brought in sales of $899 million.
For the full fiscal year, Qualcomm reported total revenue grew 9% YoY to $33.19 billion, with&nbsp;46% of its revenue being from customers with headquarters in China.
Qualcomm is off to a strong December quarter.
For the current quarter, Qualcomm guided for a revenue range between&nbsp;$10.5 billion and $11.3 billion, with automotive sales expected to rise 50% YoY.
Led by&nbsp;CEO Cristiano Amon, Qualcomm has diversified away from being merely a smartphone supplier and expanded its scope by producing chips for PCs, cars, and industrial machines. For now, it seems to be doing a good job at getting ready for the moment Apple will no longer need its chips.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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Qualcomm Delivers Upbeat Results That Show Its Diversification Efforts Are Working

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
Equities soared this week, powered by a major rally on Wednesday following Donald Trump's election win. The S&amp;P 500 gained 4.66%, with the Dow rising 4.61%—both achieving their best weeks since November 2023—while the Nasdaq outpaced them with a 5.74% increase. 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 30%, boosting Elon Musk's wealth, and smaller stocks outshined large caps, driven by potential trade advantages for U.S.-focused businesses. 
A rate cut from the Federal Reserve to a 4.5%-4.75% range on Thursday encouraged further risk-taking, sending the Magnificent Seven's combined market cap to <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">a new $17 trillion peak.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/11/41724410/nvidia-joining-dow-jones-industrial-average-where-tech-giant-ranks-in-the-index-why-sh">Nvidia Joining Dow Jones Industrial Average: Where Tech Giant Ranks In The Index, Why Sherwin-Williams Addition Could Be More Important</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, covers NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) joining the Dow Jones and replacing Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), with analysts noting Sherwin-Williams Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) may have a broader impact on the index's sector diversity.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41803277/dogecoin-up-79-in-a-month-nears-0-20-with-beautiful-bounce-from-key-levels-analysts-say">Dogecoin Up 79% In A Month, Nears $0.20 With &#8216;Beautiful Bounce From Key Levels,&#8217; Analysts Say</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, reports that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) has surged 79% over the past month, breaking above $0.20 as analysts predict further gains. Ali Martinez highlights a descending triangle pattern, suggesting a potential climb to $0.22, while a crypto trader forecasts a &#8220;beautiful bounce&#8221; if DOGE breaks the $0.198 resistance level.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">‘Messi Of AI': Wall Street Analyst Gushes Over &#8216;Robust&#8217; Earnings From Palantir</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, highlights Wedbush analyst Dan Ives&#8217; praise for Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) after its strong Q3 earnings. Ives, who calls Palantir the &#8220;Messi of AI,&#8221; noted 30% revenue growth, a 39% rise in customer count, and robust government and commercial deal momentum.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/asia/24/11/41722178/if-trump-and-republicans-sweep-dollar-may-climb-7-but-harris-win-could-bring-5-drop-says-jpmorgan">If Trump And Republicans Sweep, Dollar May Climb 7% — But Harris Win Could Bring 5% Drop, Says JPMorgan</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">Bitcoin&#8217;s Future Under President-Elect Donald Trump: A Look At His Crypto Policies</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s">Trump Election Raises Odds Of &#8216;Roaring 2020s Scenario,&#8217; Veteran Wall Street Investor Says: How High Could US Stock Market Rise?</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/24/11/41784487/rivian-lucid-stocks-sink-after-trump-win-whats-driving-bearish-move">Rivian, Lucid Stocks Sink After Trump Win: What&#8217;s Driving Bearish Move?</a>,&#8221; by <a href="https://www.benzinga.com/author/erica-kollmann">Erica Kollmann</a>, examines the post-election drop in Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares, attributed to investor concerns over Trump&#8217;s plans to eliminate EV incentives and modify EPA emissions standards.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41744222/plug-powers-20-billion-revenue-ambition-faces-obstacles-analyst-says">Plug Power&#8217;s $20 Billion Revenue Ambition Faces Obstacles, Analyst Says</a>,&#8221; by <a href="https://www.benzinga.com/author/surbhi-jain">Surbhi Jain</a>, discusses Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>)&#8217;s ambitious goal of reaching $20 billion in revenue by 2030, as a JPMorgan analyst highlights significant challenges ahead, citing weak hydrogen market conditions, and the need to drive rapid sales growth.
&#8220;<a href="https://www.benzinga.com/government/24/11/41773691/us-listed-chinese-stocks-like-alibaba-jd-nio-fall-after-trumps-win-whats-going-on">US-Listed Chinese Stocks Like Alibaba, JD, Nio Fall After Trump&#8217;s Win &#8211; What&#8217;s Going On?</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, reports that Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) stocks fell after Trump&#8217;s election victory sparked fears of renewed U.S.-China trade tensions, with potential tariffs prompting China to consider economic stimulus measures.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/earnings/24/11/41773974/energy-drink-maker-celsius-misses-on-q3-earnings-as-supply-chain-optimization-weighs-on-margins-det">Energy Drink Maker Celsius Misses On Q3 Earnings As Supply Chain Optimization Weighs On Margins: Details</a>
<a href="https://www.benzinga.com/markets/equities/24/11/41785495/us-treasuries-take-sharpest-plunge-in-a-year-ahead-of-fed-meeting-could-powell-adjust-stance-in-">US Treasuries Take Sharpest Plunge In A Year Ahead Of Fed Meeting: Could Powell Adjust Stance In Response To Trump?</a>
<a href="https://www.benzinga.com/trading-ideas/movers/24/11/41850890/super-micro-delisting-risk-puts-1-7-billion-bond-repayment-on-the-line">Super Micro Delisting Risk Puts $1.7 Billion Bond Repayment On The Line</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
Image created using artificial intelligence via Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Benzinga Bulls And Bears: Nvidia, Rivian, Plug Power, Palantir — And Dogecoin's 'Beautiful Bounce'

Billionaire entrepreneur Mark Cuban has founded several successful companies. He&#8217;s also part owner of the Dallas Mavericks and a star on the popular television show <a href="https://www.benzinga.com/topic/shark-tank">&#8220;Shark Tank.&#8221;</a>
He wouldn&#8217;t be where he is today if he retired in his mid-30s as&nbsp;he originally intended, and he owes a lot of that to his drive to be the best.&nbsp;
What To Know:&nbsp;As a young entrepreneur in his 20s, fresh out of Indiana University&#8217;s esteemed&nbsp;Kelley School of Business, Cuban founded&nbsp;software consulting business&nbsp;MicroSolutions.
According to <a href="https://www.cnbc.com/2022/10/13/why-mark-cuban-didnt-retire-early-after-becoming-a-millionaire.html">CNBC</a>, the young entrepreneur wanted&nbsp;to get rich and enter retirement&nbsp;by age 35.&nbsp;By the time he was 32, he sold the company for $6 million, pocketing around $2 million in profit.
But he didn&#8217;t stop there like he initially planned. In a September 2022 episode of the <a href="https://podcasts.apple.com/us/podcast/mark-cuban-doesnt-believe-in-following-your-passions/id1346314086?i=1000579347983">&#8220;Re:Thinking&#8221;</a> podcast, he revealed why he couldn&#8217;t just call it quits. 
&#8220;I&#8217;m not retired because I&#8217;m too competitive,&#8221; Cuban told&nbsp;Wharton psychologist&nbsp;Adam Grant&nbsp;on the show.&nbsp;
The get-rich-quick mentality drove a lot of his early decision-making, but chalking the MicroSolutions sale up as a win left the then-millionaire hungry for more.
Check This Out: <a href="https://www.benzinga.com/startups/24/11/41750733/this-is-america-mark-cuban-says-justifying-his-business-relationship-with-trumps-100m-megadonor-and">&#8216;This Is America,&#8217; Mark Cuban Says, Justifying His Business Relationship With Trump&#8217;s $100M Megadonor And Mavericks Co-Owner</a>
Every entrepreneur wants to&nbsp;&#8220;be that entrepreneur that disrupts an industry and changes it,&#8221;&nbsp;Cuban said:&nbsp;&#8220;What's better than that?&#8221;
He&#8217;s well on his way to&nbsp;<a href="https://www.benzinga.com/news/23/02/30672271/mark-cuban-aims-to-disrupt-a-365-billion-industry-with-the-only-startup-that-bears-his-name">disrupting the pharmaceutical industry</a>&nbsp;with the&nbsp;Mark Cuban Cost Plus Drug Company, which he founded at the beginning of 2022.
Costplusdrugs.com&#8217;s online pharmacy&nbsp;now carries over 2,000 prescription products, which are delivered via&nbsp;mail to thousands of customers each day.
The company is transparent on costs,&nbsp;charging&nbsp;a standard markup on the&nbsp;drugs it sells. That&nbsp;results&nbsp;in prices that&nbsp;often come in at a fraction&nbsp;of the cost of their big pharma&nbsp;alternatives.&nbsp;As a public-benefit corporation, the company&#8217;s&nbsp;mission of improving public health is just as important as the numbers at the bottom of the balance sheet.
Speaking with Grant on the podcast, Cuban noted&nbsp;that if he were in his 20s again, he would probably have the same mindset as he did before and would look to start something that he could sell for a quick profit.
&#8220;But now, the next dollar in my life,&nbsp;the marginal value of my next dollar is de minimis. It's not going to change my life a lot. So my decision-making process is completely different,&#8221; Cuban said.
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Photo: <a href="https://www.flickr.com/photos/gageskidmore/">Gage Skidmore</a> from Flickr.
Some elements of this story were previously reported by Benzinga and it has been updated.

Entrepreneurship

Success Stories

Mark Cuban Planned To Retire By Age 35: He Says There's Only One Reason He Didn't

Rapper Jay-Z has shown love for leading cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in the past and even used the crypto to help set up non-profits and community projects like The Bitcoin Academy, which <a href="https://www.benzinga.com/markets/cryptocurrency/22/06/27705207/jack-dorsey-and-jay-z-announce-free-bitcoin-academy">was launched in June 2022 </a>with Jack Dorsey.
What Happened: Jay-Z and Dorsey announced on June 9, 2022 that they would launch The Bitcoin Academy on June 22, 2022, adding a community initiative to help support the area of New York where <a href="https://www.benzinga.com/topic/jay-z">the rapper grew up</a>.
"Shout out to @Jack. #Bitcoin Academy, starting in Marcy, a place that taught me so much, is hopefully the first of many. The simple goal is to provide people tools to build independence for themselves and then the community around them," Jay-Z <a href="https://x.com/sc/status/1534921133199347712">tweeted</a>.
According to the company's <a href="https://www.thebitcoinacademy.com/">website</a>, The Bitcoin Academy is about "the future of money."
"Education is power. Shawn &#8216;Jay-Z&#8217; Carter and Jack Dorsey are personally funding The Bitcoin Academy, a program for residents of Marcy Houses, in Brooklyn, New York, where Jay grew up. This program aims to provide education and empower the community with knowledge," the website reads.
The program offers free classes to Marcy Houses residents, which includes lessons on Bitcoin and how people can build their own financial future. A Bitcoin Academy spokesperson told <a href="https://techcrunch.com/2022/06/09/jay-z-jack-dorsey-bitcoin-academy-marcy-public-housing/">TechCrunch</a> previously that participants in the program would be given a small amount of Bitcoin.
The duo also launched a 500 Bitcoin investment<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41114650/if-you-invested-1000-in-bitcoin-when-jack-dorsey-and-rapper-jay-z-establish-a-bitcoin-non-"> to help grow</a> cryptocurrency in regions like India and Africa.
While The Bitcoin Academy faced criticism at the time as cryptocurrency was highly volatile and the group of residents being targeted may not be able to handle the ups and downs of the sector, the cryptocurrency has posted a nice return since the project launched.
You may not be a billionaire like Jack Dorsey, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/24/11/41856335/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-42">check out five stocks flying under the radar that deserve your attention.</a>
Investing $1,000 in Bitcoin: Investors who read about Jay-Z and Dorsey's project may have wanted to find out more about the leading cryptocurrency themselves and make a small investment.
Bitcoin traded at a high of $20,835.75 on June 22, 2022 when The Bitcoin Academy launched.
A $1,000 investment in the leading cryptocurrency could have purchased 0.04799 BTC at the time. The $1,000 investment would be worth $3,672.13 today based on a price of $76,518.55 for Bitcoin at the time of writing.
This represents a return of 267.2% over the last nearly two and a half years.
While Bitcoin's future remains up in the air, a 2024 election win by Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41778425/bitcoins-all-time-high-a-groundbreaking-milestone-and-strong-post-election-rally-coming-ex">is providing optimism</a> that the United States government will be more welcoming to cryptocurrency regulation and more pro-crypto friendly policies.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41775353/bitcoin-hits-new-all-time-high-as-donald-trump-wins-second-term-what-now">Bitcoin Hits New All-Time High As Donald Trump Wins Second Term: What Now?</a></li>
</ul>
Image: Shutterstock

Education

$BTC

If You Invested $1,000 In Bitcoin When Jay-Z & Jack Dorsey Opened The Bitcoin Academy, Here's How Much You'd Have Now

<a href="https://www.benzinga.com/startups/24/11/41733416/unscripted-showdown-jd-vance-faces-joe-rogans-toughest-questions-yet-heres-why-he-stumbled-in-the-ho">JD Vance</a> was primarily known to the general public for his memoir, Hillbilly Elegy, but his path to national politics had a lot more to do with his powerful backer, Peter Thiel. <a href="https://www.benzinga.com/startups/24/09/40777535/peter-thiel-is-scared-of-a-government-thats-powerful-enough-to-stop-something-like-ai-says-it-will-h">Thiel, a billionaire investor</a> and cofounder of PayPal, played a big role in Vance's venture capital career and his 2022 Senate campaign, ultimately paving the way for his new role as Donald Trump&#8217;s vice-presidential running mate.
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The two first crossed paths in 2011 when Vance was a Yale Law student. Thiel's speech at Yale caught Vance&#8217;s attention and stirred a desire to move away from law into something more dynamic. When <a href="https://www.benzinga.com/news/24/08/40313826/jd-vances-financial-boom-from-hillbilly-elegy-royalties-to-vice-presidential-nod">Hillbilly Elegy made waves in 2016</a>, Thiel brought Vance <a href="https://www.benzinga.com/general/politics/24/07/39916075/j-d-vance-venture-capital-background-under-scrutiny-it-never-seemed-like-he-was-even-working-it-">into his venture capital firm, Mithril Capital</a>.
However, Vance&#8217;s time at Mithril wasn't especially memorable from a business perspective. Former coworkers report that Vance was <a href="https://www.benzinga.com/startups/24/08/40221033/peter-thiel-launched-j-d-vances-venture-capital-career-but-a-former-colleague-says-he-was-rarely-in">rarely in the office</a>, as he appeared to be more interested in marketing his memoir than engaging in the firm's day-to-day operations. Even though it wasn&#8217;t a significant or long-lasting job, it did contribute to the development of Vance&#8217;s relationship with Thiel, which would later be vital.
Trending: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today before the offer closes in 2 weeks.</a>
In 2017, Vance left Mithril to join Revolution, an investment firm started by AOL cofounder Steve Case. At Revolution, Vance helped develop the Rise of the Rest initiative and worked on several other deals, focusing on startups outside of the typical tech hubs. Additionally, he invested in the indoor farming business AppHarvest. Unfortunately, AppHarvest ended in bankruptcy in 2023 after a series of lawsuits, but by then, Vance had already moved on.
Vance eventually cofounded his <a href="https://www.benzinga.com/news/24/07/39782144/rumble-stock-rallied-on-monday-heres-what-happened">venture capital firm Narya Capital</a>, with financial backing from Peter Thiel. Narya sought to assist new businesses in underprivileged U.S. regions. Despite the ups and downs of his venture capital career, Vance&#8217;s relationship with Thiel remained steadfast.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
In 2022, Vance decided to run for a Senate seat in Ohio. He faced stiff competition, including several wealthy candidates willing to spend tens of millions of dollars of their own money. Enter Peter Thiel, who contributed $15 million to a super PAC supporting Vance's campaign – the largest donation Thiel had ever made to a single candidate. The super PAC spent heavily on ads and campaign promotions that helped Vance win and become more prominent in politics.
Beyond funding, Thiel also invested alongside Vance in political ventures. In 2021, they both put money into Rumble, a video platform seen as a conservative-friendly alternative to YouTube. As mainstream social media companies tightened rules on content, Rumble became popular among right-wing voices seeking fewer restrictions. This investment aligned Vance and Thiel further with the political right and laid some groundwork for Vance&#8217;s continued public profile.
In 2024, Vance's political rise took yet another leap. In an attempt to regain the presidency, former President Donald Trump <a href="https://www.benzinga.com/general/politics/24/07/39780777/trump-picks-senator-j-d-vance-as-running-mate-musk-says-great-choice-for-vp">selected JD Vance as his running mate</a>. Thiel's influence helped Vance evolve from a memoirist into a venture capitalist and, ultimately, the United States Vice President.
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Photo: Shutterstock

Future Vice President JD Vance Has A Powerful Silicon Valley Backer – Peter Thiel, Who Funded His 2022 Ohio Campaign With $15M

Russian President Vladimir Putin is the latest world leader to send his congratulations to Donald Trump for winning the <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">2024 presidential election</a>.
Here's a look at what he had to say.
 What Happened: World leaders <a href="https://www.benzinga.com/news/24/11/41769004/ukraines-zelenskyy-benjamin-netanyahu-and-other-key-world-leaders-congratulate-donald-trump-on-elect">are congratulating Trump</a> and appear eager to move forward with international relations with America as a new president is inaugurated in 2025, one who has been in the White House previously.
"I take this opportunity to congratulate him on his election as president of the United States of America," Putin said Thursday at a meeting in Sochi, as reported by <a href="https://www.politico.eu/article/vladimir-putin-manly-donald-trump-us-election/">Politico</a>.
Putin said he has not spoken with Trump since the election victory, but seemed committed to answer the phone if Trump made the phone call.
The Russian president said leaders of Western countries used to call him and "then suddenly they stopped," when sharing the reason he hadn't called Trump himself.
"If any of them wants to resume contact, I have always said and I want to say again: we have nothing against it."
Putin also said he's "ready" to hold talks with Trump before the January inauguration.
Speaking about an assassination attempt on Trump, Putin said he was impressed with how the president-elect handled himself at the time.
"He turned out to be a courageous man. He showed himself, in my opinion, in a very correct way: courageous, manly."
Putin's comments Thursday were his first public thoughts on Trump winning the election. On Wednesday, the Kremlin <a href="https://www.politico.eu/article/vladimir-putin-not-planning-congratulate-donald-trump-election-victory-kremlin-us-russia-relations/">said </a>Putin was not planning to congratulate Trump.
"I am not aware of the president's plans to congratulate Trump on the election," Kremlin spokesperson Dmitry Peskov said Wednesday. "Let's not forget that we are talking about an unfriendly country that is both directly and indirectly involved in the war against our state."
The delay in Putin's congratulations comes after the Russian president was previously one of the first world leaders to send well wishes after Trump won the 2016 presidential election.
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Why It's Important: Putin's congratulations comes as Russia and the United States have been enemies since the invasion of Ukraine and sanctions were placed on the country by the current Joe Biden administration.
Trump's past relationship with Putin and reports that he remained in contact with the Russian leader after leaving the White House <a href="https://www.benzinga.com/general/politics/24/10/41235596/trump-secretly-stayed-in-contact-with-putin-after-leaving-office-upcoming-bob-woodward-book-alle">have drawn scrutiny</a> and will be a key item watched around the world ahead of and after his inauguration.
The president-elect has promised to end the Russia-Ukraine war in his first day in office and said he will cut back U.S. funding for Ukraine.
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<li><a href="https://www.benzinga.com/news/legal/24/11/41857183/trump-2020-election-interference-case-paused-how-2024-election-win-is-impacting-president-elects-legal-troubles">Trump 2020 Election Interference Case Paused: How 2024 Election Win Is Impacting President-Elect&#8217;s Legal Troubles</a></li>
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Photo: Shutterstock

Global

Putin Congratulates Trump On 2024 Election Victory: Russian Leader Said President-Elect 'Manly' For How He Handled Assassination Attempt

Recent analyses suggest today's U.S. <a href="https://www.benzinga.com/real-estate/24/11/41748906/texas-battle-over-high-housing-prices-gains-momentum-with-potential-to-reshape-the-lone-star-state-f">housing market</a> holds similarities to 2007's precrash conditions but key differences reveal it's not just history repeating itself. Housing prices have surged in major cities due to tight inventory, land scarcity and rising construction costs but not risky lending practices.&nbsp;
In states like Idaho, single-family home prices jumped by 19%, fueled by pandemic-era relocations and increased demand. The National Association of homebuilders (NAHB) notes this isn't a case of overborrowing but of market forces like material costs and a severe shortage of affordable homes.
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Interest rates, too, present a major shift. While the 2007 crisis was partly triggered by historically low rates encouraging risky borrowing, today's rates have reached multi-decade highs, averaging around 7%. High rates, intended to counteract inflation, have put a damper on demand, making mortgages pricier and keeping some potential buyers on the sidelines.&nbsp;
Unlike in 2007, where rates eventually led to a domino effect of defaults and price declines, today&#8217;s price reductions are minimal. Buyers are either priced out or waiting out hoping for rates to ease, with affordability at its lowest point in recent memory.
Trending: During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a>
Strict lending standards also set today's market apart from 2007's. Fewer subprime loans are in play and most buyers are high-quality borrowers with safer, more traditional mortgages. According to Mark Zandi, chief economist at Moody's Analytics, the current market foundation is "far more solid" than it was back then.&nbsp;
The speculative practices and unqualified loans that fueled the last housing bubble are missing today, keeping the housing market stable despite higher prices and inventory challenges. The inventory shortage further distinguishes today's market. Inventory levels have plummeted nearly 60% since early 2020, a stark contrast to 2007's oversupply contributing to plunging prices.
Homes are so scarce in metropolitan areas that prices have increased even further. This supply strain isn't easily fixed and while it props up home values it exacerbates affordability problems, particularly for renters spending more on housing costs than ever.
On the flip side, some signs echo 2007. The National Association of Realtors reported that in 2024 new homes made up about 13% of sales, with pre-owned homes at 87% – numbers nearly identical to the 2007 breakdown.&nbsp;
Trending: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
However, experts urge caution before drawing too many parallels. Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, told Newsweek that today's <a href="https://www.benzinga.com/real-estate/24/09/41021604/a-surprising-housing-trend-is-sweeping-the-u-s-why-built-to-rent-communities-are-about-to-redefine-t">housing market</a> isn't simply teetering on the same edge as 2007.&nbsp;
"Before anyone raises the red flag, it's important to note that getting a mortgage is far more comprehensive now. Today's market is shaped more by high rates and prices than by unchecked borrowing," he argued.
Builders, in particular, are taking steps to attract buyers with aggressive incentives. As reported by Newsweek, Ian Chang, a title and escrow expert, noted that some builders have sweetened the deal with rate buy-downs and home upgrades to offset high rates and lure buyers.&nbsp;
"Some buyers have seen new builds as attractive due to the promotions that builders have put in place," said Chang. With traditional home sellers clinging to their <a href="https://www.benzinga.com/news/24/09/40921345/mortgage-rates-drop-to-2-year-low-refinancing-hits-fastest-pace-since-2022-rocket-lendingtree-among">low mortgage rates</a>, new builds with incentives are taking a larger slice of the market share.
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</ul>

Real Estate

New Report Finds Striking Similarities Between Today's Housing Market And 2007 – Is Another Crash Around The Corner?

The past week has been a whirlwind of economic and political events. From the Federal Reserve&#8217;s rate cut to the re-election of Donald Trump, the landscape of the U.S. economy has been significantly shaped.
Here&#8217;s a quick recap of the top stories that made headlines over the weekend.
Furman&#8217;s Inflation Warning
Jason Furman, a key economist from the Obama administration, expressed skepticism about the Federal Reserve&#8217;s risk assessment. He pointed out that the core PCE inflation is above the target and warned that it could further rise. This could potentially disrupt the Fed&#8217;s planned rate reduction schedule unless there&#8217;s a significant weakening in the labor markets.
<a href="https://www.benzinga.com/news/24/11/41832610/obama-era-economist-jason-furman-warns-feds-inflation-outlook-may-be-too-optimistic-peter-schiff-sla">Read the full article here.</a>
Powell&#8217;s Firm Stand
Amidst speculations about his potential resignation following Trump&#8217;s victory, Federal Reserve Chair Jerome Powell firmly dismissed such rumors. He stated that the president cannot legally fire the central banker and made it clear that he has no plans to leave his position.
<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41823887/powell-dismisses-talk-of-resignation-after-trump-victory-says-policy-is-still-res">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Historic Return: 7 Ways His Second Term Could Impact The US Economy</a>
Trump&#8217;s Tax and Tariff Plans
President-elect Trump has hinted at replacing income taxes with tariffs. His specific plans concerning tariffs and taxes are unclear and have varied greatly. However, he has consistently promoted a 10% worldwide tariff and a 60% tax on imported Chinese goods.
<a href="https://www.benzinga.com/government/24/11/41828468/trump-says-hed-replace-income-taxes-with-tariffs-the-potential-economic-fallout">Read the full article here.</a>
Roaring 2020s Scenario
Trump&#8217;s election victory has led to a surge in the U.S. stock market, setting the stage for what some analysts call a new &#8220;Roaring 2020s.&#8221; Analysts and investors speculate that Trump&#8217;s planned corporate tax cuts and deregulation could fuel a prolonged rally in the stock market.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s">Read the full article here.</a>
US Services Sector Growth
The U.S. services sector&#8217;s economic momentum is firing at all cylinders, with business activity in October reaching its strongest level in over two years. The Services PMI surged to 56% in October 2024, up from 54.9% in September, defying expectations of a dip to 53.8%.
<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41750522/us-services-sector-gauge-rises-more-than-expected-to-over-2-year-highs-as-employm">Read the full article here.</a>
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</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Trump's Victory, Powell's Stand, And Furman's Inflation Warning Stir Markets: This Week In Economics

Small-cap stocks could see a significant boost <a href="https://www.benzinga.com/topic/donald-trump">under President-elect</a> Donald Trump&#8217;s presidency, potentially doubling their value over the next two years, according to Tom Lee, head of research at Fundstrat.
What Happened: During an interview with CNBC on Friday, Wall Street strategist Lee expressed optimism for small-cap stocks, attributing this to Trump&#8217;s re-election.
The election results have already <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">caused a surge in stocks</a> as traders anticipate a new economic agenda, relaxed regulations, and tax cuts.
Lee believes there&#8217;s still significant potential for growth. He noted that the index is currently&nbsp;trading at around 10 times&nbsp;forward median earnings,&nbsp;a lower valuation than the&nbsp;S&amp;P&nbsp;500, which is trading at&nbsp;approximately 17 times forward earnings.
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41798981/jim-cramer-calls-trumps-return-to-white-house-a-huge-win-for-the-stock-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Calls Trump&#8217;s Return To White House A &#8216;Huge Win For The Stock Market&#8217;</a>
&#8220;I do think there&#8217;s still&nbsp;a lot of upside,&#8221; Lee&nbsp;stated, adding,&nbsp;&#8220;So I think small-caps could,&nbsp;over the next couple of&nbsp;years, outperform by more than&nbsp;100%.&#8221;
Why It Matters: Lee&#8217;s predictions align with his previous forecast of a significant market rally following Trump&#8217;s victory. The surge is attributed to <a href="https://www.benzinga.com/news/global/24/11/41838175/market-surge-predicted-to-reach-10-by-year-end-as-trump-victory-fuels-stock-rally-says-fundstrats-tom-lee">renewed investor confidence</a> and a more business-friendly environment.
However, economists have warned of <a href="https://www.benzinga.com/government/24/11/41695926/a-republican-sweep-might-be-the-most-inflationary-election-outcome-economists-warn">potential inflationary pressures</a> following a Republican victory. These concerns stem from higher tariffs, a swelling budget deficit, and restricted immigration policies.
Previously, it was reported that the rising U.S. Treasury yields and the strengthening of the dollar following Trump's return to the White House could potentially undermine the Federal Reserve&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41814589/why-trumps-boost-to-treasury-yields-inflation-expectations-may-weaken-feds-efforts-">efforts to reduce interest rates</a>.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Small caps could outperform by more than 100% in the next few years, says Fundstrat&#039;s Tom Lee" width="500" height="281" src="https://www.youtube.com/embed/-Q1W8TubiDY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

Trump Presidency Could Be A Boon For Small Cap Stocks: Fundstrat's Tom Lee Sees Them Doubling Over Next 2 Years

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has updated its messaging system to accurately display Android user reactions on iOS, marking a <a href="https://www.benzinga.com/news/23/11/35843343/thanks-to-eu-after-usb-c-iphones-will-support-rcs-in-2024-heres-what-it-means-for-green-bubbles">major step forward</a> in iPhone&#8211;Android messaging.
What Happened: Apple has addressed the long-standing issue of Android, the operating system by Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, reactions appearing as separate lines on iOS.
Now,&nbsp;when an Android user reacts&nbsp;to an RCS message from&nbsp;an iOS user, the chosen emoji will be displayed&nbsp;in line with the message&nbsp;bubble.
See Also:&nbsp;<a href="https://www.benzinga.com/general/social-media/24/11/41862616/meta-ceo-mark-zuckerberg-dodges-personal-liability-in-child-social-media-addiction-lawsuits-federal-judge-cites-lack-of-evidence?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta CEO Mark Zuckerberg Dodges Personal Liability In Child Social Media Addiction Lawsuits: Federal Judge Cites Lack Of Evidence</a>
Tests <a href="https://www.theverge.com/2024/11/7/24290703/apple-green-bubble-message-reaction-rcs-android">conducted</a> by The Verge using&nbsp;iPhones running iOS 18.1 and&nbsp;various Android phones confirmed that&nbsp;both devices now display reactions&nbsp;as intended.
However, it remains unclear when this change was implemented and whether Google or Apple made the necessary adjustments.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: When RCS was initially launched on iOS in September, Android user reactions were still not being displayed correctly on iPhones, despite functioning properly in the reverse scenario.
The iMessage blue vs. green bubble debate underscores the contrasting messaging experience between iPhone users (blue bubbles) and Android users (green bubbles) when they communicate.
Over time, this difference has fueled social stigma, technical limitations, and even legal scrutiny of Apple's practices.
Previously, when a user told Apple CEO Tim Cook that his mother <a href="https://www.benzinga.com/news/22/09/28788620/apple-not-keen-on-improving-iphones-texting-experience-with-android-but-tim-cook-has-a-solution-buy">couldn't view videos</a> he sent due to compatibility issues, Cook had a straightforward response: &#8220;Buy your mom an iPhone.&#8221;
Apple's <a href="https://www.benzinga.com/news/24/06/39502459/apple-introduces-iphone-update-improves-texting-with-android-users">upgrade to RCS messaging support</a> marks a surprising shift after years of resisting Google's push for RCS adoption. Facing mounting pressure from China and the EU, Apple finally introduced basic RCS support in iOS 18.
Within the Messages app, Apple&nbsp;officially supports the basic RCS&nbsp;standard known as the RCS&nbsp;Universal Profile.
Emoji reaction support&nbsp;is part of RCS version&nbsp;2.7, which should also include&nbsp;the ability to edit a&nbsp;sent message, although this feature could not be activated on iOS.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tech

GOOG

GOOGL

Apple Bridges iOS-Android Messaging Gap: RCS Reactions Finally Displayed Correctly On iPhones

Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) new election prediction market is reshaping how people consume information, with CEO Vlad Tenev saying it could redefine how users get real-time news.
What Happened: Robinhood&#8217;s prediction market was unveiled a week before the election, spotlighting the&nbsp;race between Democratic nominee Kamala Harris and&nbsp;now President-elect Donald Trump.
The platform&#8217;s CEO, Vlad Tenev, now envisions a future where Robinhood&#8217;s millions of users can place bets on a range of events, including the performance of&nbsp;stocks they trade on the&nbsp;platform, <a href="https://www.theverge.com/2024/11/8/24291588/robinhoods-ceo-election-prediction-market">reported</a> The Verge.
In an interview with the publication, Tenev suggested that the burgeoning interest in prediction markets is indicative of a growing &#8220;distrust of traditional news&#8221; and a shift in the way people seek information.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
He stated, &#8220;It&#8217;s&nbsp;the fastest way to get&nbsp;information about what&#8217;s happening,&#8221; adding that prediction markets delivered clear results hours before news networks announced the election.
The CEO also touched upon the legalization of election betting in the U.S., which he believes presents a &#8220;once-in-a-lifetime opportunity to create a&nbsp;new innovative product and offer&nbsp;it to customers.&#8221;
He is optimistic about the future of prediction markets and&nbsp;sees Robinhood leaning into them&nbsp;more.
Tenev also shared his thoughts on the potential of prediction markets in financial markets, sports betting, and beyond. He believes these markets could offer a more accurate method of hedging risk or speculating on company performance.
Why It Matters: Robinhood&#8217;s prediction market has seen significant activity since its launch. The platform&#8217;s election <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41756372/robinhoods-election-contracts-hit-200-million-trades-on-election-day">contracts surpassed 200 million</a> trades on Election Day itself.
This rapid growth continued, with&nbsp;<a href="https://www.benzinga.com/fintech/24/11/41783293/robinhood-reports-record-overnight-trading-volume-400-million-2024-election-contracts-traded">Robinhood witnessing a record</a> overnight trading volume, with 400 million 2024 election contracts traded.
Last month, Robinhood Markets posted quarterly earnings of 17 cents per share, aligning with analyst expectations. 
Revenue for the quarter reached $637 million, slightly below the forecasted $650.67 million but marking a 36.4% increase from $467 million in the same quarter last year.
Price Action: Block&#8217;s shares closed Friday up 4.02% at $30.54. In after-hours trading, the stock saw further gains, reaching $30.60 as of this writing, according to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

HOOD

Robinhood CEO Says Rising Interest In Election Prediction Markets Is Indicative Of Growing 'Distrust Of Traditional News'

Employees at Block, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), the fintech company led by&nbsp;Jack Dorsey, have been reportedly directed&nbsp;not to discuss board member&nbsp;and rapper Shawn Carter, better known as&nbsp;Jay-Z.
What Happened: Block employees were given &#8220;stern warnings&#8221; by management against mentioning Jay-Z on internal company&nbsp;forums. The rationale behind this directive is yet to be clarified, <a href="https://fortune.com/2024/11/07/block-jack-dorsey-jay-z-layoffs/">reported</a> Fortune, citing three employees.
The directive to avoid mentioning Carter was given last month.
This occurred around the same time when some employees began questioning Carter&#8217;s position on Block&#8217;s board.
This was due to the rapper&#8217;s long-standing friendship with rapper and entrepreneur Sean "Diddy" Combs, who is currently in prison awaiting trial on serious charges.
After issuing the warning about discussing Carter, Dorsey conducted a virtual all-hands meeting, during which he reportedly disabled the option&nbsp;for employees to ask questions&nbsp;anonymously.
See Also: <a href="https://www.benzinga.com/news/24/09/40893054/mark-cuban-says-he-would-buy-rupert-murdochs-fox-news-and-elon-musks-x-but-there-are-some-obstacles?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says He Would Buy Rupert Murdoch&#8217;s Fox News And Elon Musk&#8217;s X But There Are Some Obstacles</a>
<a href="https://www.benzinga.com/news/24/10/41646193/block-ceo-jack-dorsey-announces-another-round-of-layoffs-at-tidal">Block laid off several employees</a> from music streaming service Tidal&#8217;s staff last week, with more cuts anticipated across other Block entities, including Square and CashApp.
Layoffs also took place at Square and TBD, Block&#8217;s developer platform, which is now slated for closure, the report noted.
Why It Matters: In 2021, CEO Dorsey's Block secured a controlling interest in the Tidal, which Carter owned. Dorsey and Carter are reported to have a close personal friendship.
In the same year, Dorsey and Jay-Z launched a Bitcoin-focused <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41114650/if-you-invested-1000-in-bitcoin-when-jack-dorsey-and-rapper-jay-z-establish-a-bitcoin-non-">non-profit aimed at advancing</a> the cryptocurrency, with an initial focus on Africa and India.
They contributed 500 BTC to support the initiative. At the time, Bitcoin was priced at $47,504, so a $1,000 investment would have bought 0.021 BTC.
The directive against discussing Carter comes at a time when Block is facing significant challenges. The company&#8217;s shares took a hit after <a href="https://www.benzinga.com/news/earnings/24/11/41826457/block-shares-sink-after-mixed-q3-results-eps-beat-revenues-miss">mixed third-quarter results</a> reported after Thursday&#8217;s closing bell.
Block reported quarterly earnings of 88 cents per share, surpassing the analyst consensus of 87 cents.
However, its quarterly revenue totaled $5.97 billion, falling short of the expected $6.24 billion, though it represents an increase from $5.617 billion in sales during the same period last year.
Price Action: Block&#8217;s shares closed Friday's trading down 0.94% at $74.56. In after-hours trading, the stock dropped further, reaching $74 at the time of writing, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
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Jack Dorsey's Block Gave Employees 'Stern Warnings' To Not Talk About Jay-Z Amid Layoffs: Report

In a move affecting users globally, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) subsidiary Google's YouTube has announced price increases for its <a href="https://www.benzinga.com/topic/youtube">Premium and Music services</a>, impacting legacy subscribers in the U.S. and Europe.
What Happened: This adjustment will see U.S. subscribers with older plans, such as those from Google Play Music or YouTube Red, transitioning to a $13.99 monthly rate in the new year.
European users have also been notified of similar changes, with some receiving a three-month grace period at their current rates, according to a report <a href="https://www.theverge.com/2024/11/8/24291572/youtube-premium-music-price-hike-legacy-subscription">by</a> The Verge.
Paul Pennington, YouTube&#8217;s communications manager, confirmed the price adjustments will affect both new and existing subscribers in countries such as Bulgaria, Costa Rica, and Spain.
Subscribers who initially joined through Google Play with early adopter pricing will receive three extra months at their existing rate.
A Reddit <a href="https://www.reddit.com/r/YoutubeMusic/comments/1gmeq62/today_is_the_day_early_adopters_price_increase/">post</a> highlighted a legacy subscriber in Spain, whose monthly fee will rise from 7.99 euros to 10.99 euros, still below the 12.99 euros rate for new individual music subscribers.
See Also:<a href="https://www.benzinga.com/tech/24/11/41835032/google-gemini-rolls-out-utilities-extension-for-android-heres-what-all-you-can-do-with-it?itm_source=parsely-api"> Google Gemini Rolls Out &#8216;Utilities&#8217; Extension For Android: Here&#8217;s What All You Can Do With It</a>
Why It Matters: The price hike comes amidst YouTube&#8217;s strategic expansion and revenue growth. In October, YouTube <a href="https://www.benzinga.com/news/24/10/41373073/youtubes-premium-lite-plan-that-removes-some-ads-but-doesnt-offer-any-other-perks-is-rolling-out-to">extended its &#8220;Premium Lite&#8221; plan</a> to more countries, offering a cheaper subscription with fewer ads. This move provides an alternative for users seeking fewer ads without additional perks.
Earlier in May, YouTube <a href="https://www.benzinga.com/news/24/05/38634057/youtube-premium-users-can-now-skip-commonly-skipped-sections-with-googles-ai-powered-jump-ahead-feat">introduced the AI-powered &#8220;Jump Ahead&#8221; feature</a> for Premium users, allowing them to skip commonly skipped sections of videos, enhancing user experience.
Furthermore, YouTube&#8217;s financial success was highlighted in October when it reported <a href="https://www.benzinga.com/general/entertainment/24/10/41616337/google-bought-youtube-for-1-65b-and-now-it-prints-50b-in-revenue-just-in-1-year-sundar-pich">generating $50 billion in combined advertising</a> and subscription revenue over the past year.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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YouTube Premium's Legacy Prices Come To An End More Users

The Department of Justice (DOJ) has announced federal charges against three individuals linked to an alleged Iranian scheme to assassinate <a href="https://www.benzinga.com/topic/donald-trump">President-elect</a> Donald Trump.
What Happened: The Justice Department disclosed on Friday that Farhad Shakeri, 51, was instructed by Iranian officials in September to conduct surveillance and ultimately assassinate Trump, as reported by<a href="https://edition.cnn.com/2024/11/08/politics/doj-charges-three-iranian-plot-to-kill-donald-trump/index.html"> CNN</a>.
Shakeri, who remains at large in Iran, was allegedly directed by Iran's Revolutionary Guard Corps (IRGC) to focus on Trump after initially being tasked with other assassination missions against U.S. and Israeli citizens.
See Also:<a href="https://www.benzinga.com/news/24/11/41775275/trump-media-technology-group-stock-is-surging-wednesday-whats-going-on?itm_source=parsely-api"> Trump Media &amp; Technology Group Stock Is Surging Wednesday: What&#8217;s Going On?</a>
Prosecutors have accused Shakeri of engaging in recorded conversations with law enforcement and being given a seven-day deadline by IRGC officials on October 7 to devise an assassination plan.
Two other individuals, Carlisle Rivera and Jonathan Loadholt, were arrested in New York for allegedly aiding the Iranian government in surveilling a separate U.S. citizen of Iranian origin. Both appeared in court on Thursday and are detained pending trial.
Attorney General Merrick Garland and FBI Director Christopher Wray have condemned the threats from Iran, highlighting the serious national security risk posed by the Iranian regime.
Why It Matters: The revelation of this plot comes amid heightened tensions between the U.S. and Iran.
Earlier this year, U.S. intelligence agencies <a href="https://www.benzinga.com/news/24/09/40933501/us-intel-agencies-reveal-iran-tried-to-share-hacked-trump-campaign-data-with-team-biden-fbi-says-no">disclosed that Iran attempted</a> to share hacked information from Trump&#8217;s campaign with President Biden&#8217;s team, though no response from the Biden campaign was found.
This incident, reported in September, underscores <a href="https://benzinga.com/news/global/24/11/41857278/iranian-plot-against-trump-unveiled-as-tensions-with-us-grow">Iran&#8217;s ongoing cyber and physical threats</a> against U.S. interests.
Additionally, Trump himself has <a href="https://www.benzinga.com/news/24/09/41059458/trump-says-big-threats-to-his-life-from-iran-an-attack-on-a-former-president-is-a-death-wish-for-the">publicly acknowledged threats</a> to his life from Iran, expressing gratitude for increased Secret Service protection.
These developments highlight the persistent and multifaceted threats posed by Iran, necessitating vigilance and robust security measures by U.S. authorities.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/24/11/41858978/elon-musk-to-ditch-tesla-gigafactory-in-mexico-after-trumps-win-economy-minister-wants-a-meeting?itm_source=parsely-api">Elon Musk To Ditch Tesla Gigafactory In Mexico After Trump&#8217;s Win? Economy Minister Wants &#8216;A Meeting&#8217;</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

DOJ Files Charges In Iranian Plot To Assassinate Trump

Steve Madden Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>), a major player in the footwear industry valued at $3 billion, has announced plans to significantly reduce its manufacturing operations in China. This strategic shift is in response to President-elect Donald Trump&#8217;s <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">proposed tariffs on Chinese imports</a>.
What Happened: CEO Edward Rosenfeld revealed that the company intends to cut its production in China by half, as reported by<a href="https://edition.cnn.com/2024/11/08/economy/steve-madden-china-trump-tariffs/index.html"> CNN</a>. Currently, 70% of Steve Madden&#8217;s imports come from China.
The company plans to decrease this to between 40% and 45% over the next year by shifting production to countries like Cambodia, Vietnam, Mexico, and Brazil. This strategy aims to circumvent the potential tariffs, which could reach up to 60% on Chinese goods.
See Also:<a href="https://www.benzinga.com/markets/equities/24/11/41767332/trumps-potential-return-to-white-house-sends-ex-president-linked-phunware-stock-upwards-during-p?itm_source=parsely-api"> Trump&#8217;s Potential Return To White House Sends Ex-President Linked Phunware Stock Upwards During Pre-Market Hours</a>
Why It Matters: The decision by Steve Madden to move production is part of a broader response to President-elect Trump&#8217;s aggressive tariff proposals.
Trump has <a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">suggested imposing a 20% tariff</a> on all imports and even higher rates on Chinese goods. This has raised concerns among companies heavily reliant on Chinese manufacturing, such as Apple Inc. and others, about potential cost increases that might be passed on to consumers.
Furthermore, a<a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study"> study by the National Retail Federation</a> warns that these tariffs could lead to a significant reduction in consumer spending, potentially costing Americans $78 billion annually. The study highlights the impact on essential items like apparel and appliances, which could see price hikes, disproportionately affecting low-income families.
Economist <a href="https://www.benzinga.com/news/24/11/41795320/trumps-20-tariff-plans-could-unleash-wave-of-spending-on-big-ticket-buys-in-holiday-quarter-says-eco">Justin Wolfers</a> thinks that the anticipation of these tariffs might drive a surge in consumer spending on big-ticket items in the short term as people rush to make purchases before the tariffs take effect.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m?itm_source=parsely-api">Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But &#8216;Sharp&#8217; Correction Might Be In Store</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia Commons

SHOO

Steve Madden Announces Plans To Move Production To Avoid Trump Tariffs, But There's A Catch

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) could be on the cusp of a significant rally, according to a well-known crypto analyst, which would see the cryptocurrency skyrocket by nearly 70% to reclaim its all-time high.
What Happened: Guy Turner, the host of Coin Bureau, shared insights with his 2.53 million YouTube followers, suggesting that Ethereum (ETH) might reach its all-time high in 2025, following the anticipated Pectra upgrade.
The Pectra upgrade, expected in 2025, is a two-part hard fork designed to improve Ethereum&#8217;s speed, scalability, and usability. Binance highlights that these changes will enable gas fees to be paid with any digital asset, offer larger rewards to bigger validators, and enhance the Ethereum Virtual Machine (EVM).
Turner believes these improvements could be the catalyst Ethereum needs for a breakout, potentially attracting institutional investors. He stated, &#8220;ETH has been desperate for a breakout for quite some time. This could be the spark it needs.&#8221;
See Also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41847581/el-salvadors-bitcoin-bet-is-paying-off-heres-how-much-the-country-is-up?itm_source=parsely-api"> El Salvador&#8217;s Bitcoin Bet Is Paying Off—Here&#8217;s How Much The Country Is Up</a>
Currently, Ethereum trades at $2,902, marking a 2% increase for the day. The cryptocurrency&#8217;s all-time high was approximately $4,900 in November 2021, and a return to that level would mean a 68% increase from its present value.
Why It Matters: The potential surge in Ethereum&#8217;s value aligns with broader market predictions. A recent note from<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41851865/bitcoin-to-200000-ethereum-to-10000-and-crypto-market-cap-to-4x-by-end-of-2025-says-standard-chartered"> Standard Chartered</a> forecasts a fourfold increase in the digital assets market cap by the end of 2025, driven by anticipated regulatory shifts and mainstream adoption. This aligns with Turner&#8217;s prediction, suggesting a favorable environment for Ethereum&#8217;s growth.
Additionally,<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41706152/ethereum-could-hit-6k-predicts-top-analyst-but-heres-why-its-long-term-future-remains-unde"> Ali Martinez</a>, another prominent analyst, has expressed bullish sentiments on Ethereum, citing an attractive risk-to-reward ratio. Martinez&#8217;s strategy involves setting a stop-loss below $1,880 and targeting a take-profit price of $6,000, further indicating potential upward momentum for Ethereum.
These developments come amid discussions about the potential impact of the<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41807557/bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares"> Bitcoin Act</a>, which could reshape the U.S. economy by designating Bitcoin as a strategic reserve asset.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="ETH To Skyrocket In 2025? Pectra Explained" width="500" height="281" src="https://www.youtube.com/embed/FqW7TlAY9t0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Price Action: Ethereum is currently trading at $2,975, up by more than 2.3% over the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m?itm_source=parsely-api">Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But &#8216;Sharp&#8217; Correction Might Be In Store</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

$ETH

Ethereum Skyrocket 70% To Reclaim Its Peak Once This Happens, Says Crypto Expert

Many Things To Like About Tencent Music Entertainment

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ADBE

AMAT

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AVGO

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FERG

FIVE

FLUT

IBKR

LBRDK

MASI

NFLX

ORCL

OSCR

PACS

PDYPY

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TCMEF

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Earnings

Entertainment

Press Releases

Tencent Music Entertainment Group Announces First Quarter 2024 Unaudited Financial Results and Annual Dividend Plan

Tencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024

Tencent Music Entertainment Group Announces Poll Results of the 2024 Annual General Meeting

Tencent Music Entertainment Group to Report Second Quarter 2024 Financial Results on August 13, 2024

Tencent Music Entertainment Group Announces Management Change

Tencent Music Entertainment Group Announces Second Quarter 2024 Unaudited Financial Results

Tencent Music Entertainment Group Launches Global Music Outreach Initiative

Tencent Music Entertainment Group Releases Inaugural ESG Report

Tencent Music Entertainment Group to Report Third Quarter 2024 Financial Results on November 12, 2024

Contracts

Tencent Music Entertainment Group Inks Strategic Partnership with Galaxy Corporation

AMC Entertainment Holdings, Inc. Class A Common Stock

AMC Enter Hldgs

Atlanta Braves Holdings, Inc. - Series A Common Stock

Atlanta Braves Holdings

Atlanta Braves Holdings, Inc. - Series C Common Stock

Cinemark Holdings Inc Cinemark Holdings, Inc. Common Stock

Cinemark Hldgs

Walt Disney

Endeavor Group Holdings, Inc. Class A Common Stock

Endeavor Gr Hldgs

Liberty Media Corporation - Series A Liberty Formula One Common Stock

Liberty Formula One Gr

Ordinary Shares (New Liberty Formula One) Series A

Liberty Media Corporation - Series C Liberty Formula One Common Stock

Ordinary Shares (New Liberty Formula One) Series C

iQIYI

Lions Gate Entertainment Corporation Class A Voting Shares

Lions Gate Entertainment Corporation Class B Non-Voting Shares

Lionsgate Studios

Liberty Media Corporation - Series A Liberty Live Common Stock

Liberty Live

Ordinary Shares (New Liberty Live) Series A

Liberty Media Corporation - Series C Liberty Live Common Stock

Ordinary Shares (New Liberty Live) Series C

Live Nation Entertainment, Inc. Common Stock

Live Nation Entertainment

Manchester United Ltd. Class A Ordinary Shares

Manchester United

Marcus

Madison Square Garden Entertainment Corp. Class A Common Stock

Madison Square Garden

Madison Square Garden Sports Corp. Class A Common Stock (New)

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