Exclusives http://www.benzinga.com/views/taxonomy/term/145889 en Kevin O'Leary Likes His Tesla Model X, But Hates The Stock http://www.benzinga.com/markets/cryptocurrency/18/05/11759919/kevin-oleary-likes-his-tesla-model-x-but-hates-the-stock <p>With <strong>General Motors Company </strong>(NYSE: <a class="ticker" href="http://www.benzinga.com/stock/gm#NYSE">GM</a>)&rsquo;s headquarters visible behind him, &ldquo;Shark Tank&rdquo; judge <a href="https://www.benzinga.com/topic/kevin-oleary">Kevin O&rsquo;Leary </a>said Tuesday that automotive brands are losing importance.</p> <p>In 15 or 20 years, passengers won&rsquo;t care about the branding of the vehicle they&rsquo;re hailing for a ride, O&rsquo;Leary said during an appearance at Benzinga&rsquo;s downtown Detroit newsroom.</p> <p>&ldquo;The whole sector&rsquo;s rolling over. Why? Because it&rsquo;s turning into a commodity,&rdquo; the O&rsquo;Shares ETFs chairman said. &ldquo;It&rsquo;ll be no different than a rail car.&rdquo;</p> <h3> <strong>O&rsquo;Leary On Investing In Tesla: &lsquo;I Don&rsquo;t Get It&rsquo;</strong></h3> <p>O&rsquo;Leary recently bought a <strong>Tesla Inc</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) Model ...</p><p><a href=http://www.benzinga.com/markets/cryptocurrency/18/05/11759919/kevin-oleary-likes-his-tesla-model-x-but-hates-the-stock alt=Kevin O&#039;Leary Likes His Tesla Model X, But Hates The Stock>Full story available on Benzinga.com</a></p> autonomous autonomous vehicles AutoPilot Elon Musk F GM Kevin O'Leary Model X TSLA Top Stories Exclusives Tech Interview F US3453708600 GM US37045V1008 TSLA US88160R1014 Top Stories Exclusives Tech Interview Benzinga Tue, 22 May 2018 21:05:57 +0000 Dustin Blitchok 11759919 at www.benzinga.com Analyst Doesn't Expect Starbucks Sales To Be Hit By New 'Third Place Policy' http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11757567/analyst-doesnt-expect-starbucks-sales-to-be-hit-by-new- <p><strong>Starbucks Corporation</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) responded to criticism on Monday after it announced a new &ldquo;<a href="https://news.starbucks.com/views/use-of-the-third-place-policy">Third Place Policy</a>&rdquo; over the weekend allowing anyone to use their cafes &mdash; even if they don&rsquo;t purchase anything. The policy is part of Starbucks&rsquo; plan to combat racial bias in its stores.</p> <p>While the announcement drew support from some, the most vocal commenters stood in opposition, complaining that there wouldn&#39;t be enough seats for paying guests.</p> <p>Others, such as Fox News&rsquo; Rob Schmitt, said they expect Starbucks stores to become homeless shelters, particularly in cities.</p> <blockquote class="twitter-tweet" data-lang="en"><p dir="ltr" lang="en">So <a href="https://twitter.com/Starbucks?ref_src=twsrc%5Etfw">@Starbucks</a> now lets anyone hang out/ use bathroom. Saw one Sunday w/ 10 people in line for. NYC homeless will love this come winter.</p> <p> &mdash; Rob Schmitt (@SchmittNYC) <a href="https://twitter.com/SchmittNYC/status/998506816320532480?ref_src=twsrc%5Etfw">May 21, 2018</a></p></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>On Monday, the company told <a href="https://www.wsj.com/articles/starbucks-says-drug-use-sleeping-unacceptable-as-it-clarifies-guest-policy-1526918854">the Wall Street Journal</a>&nbsp;that employees have received instruction ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11757567/analyst-doesnt-expect-starbucks-sales-to-be-hit-by-new- alt=Analyst Doesn&#039;t Expect Starbucks Sales To Be Hit By New &#039;Third Place Policy&#039;>Full story available on Benzinga.com</a></p> Analyst Color Ivan Feinseth News SBUX Third Party Policy Tigress Financial Restaurants Top Stories Exclusives Analyst Ratings General SBUX US8552441094 News Analyst Color Restaurants Top Stories Exclusives Analyst Ratings General Benzinga Tue, 22 May 2018 20:49:48 +0000 Ezra Schwarzbaum 11757567 at www.benzinga.com How One Company Is Capitalizing On Cannabis Distillates' Surging Popularity http://www.benzinga.com/news/18/05/11742279/how-one-company-is-capitalizing-on-cannabis-distillates-surging-popularity <p>As <a href="http://www.benzinga.com/general/biotech/18/03/11035855/smoking-is-just-one-way-to-use-marijuana-an-introduction-to-vaporizer">Benzinga recently detailed</a>, smoking is just one of many ways to consume cannabis. In fact, smoking is becoming less popular as other smokeless options continue to emerge. They include distillates, a kind of cannabis concentrate found in some vape pens or sold for use with dab rigs.</p> <p>Much has been said about&nbsp;<a href="https://www.benzinga.com/news/17/10/10156977/how-this-leading-marijuana-company-is-capitalizing-on-the-rise-of-smoke-free-wee">companies capitalizing</a> on the smokeless cannabis consumption trend, but the focus is usually on the businesses making the actual distillates.</p> <p>Little has been said about those &ldquo;selling pickaxes,&rdquo; those making the equipment needed to make the distillates in question. Benzinga reached out to <strong>Root Sciences,</strong> the largest cannabis distillery equipment maker in the United States and the producer of the Short Path Distillation system, which is used to make distillates containing tetrahydrocannabinol, cannabidiol and other cannabinoids.</p> <h3> <strong>How Short Path Distillation Works</strong></h3> <p>How does Root Sciences&rsquo; distillation technology work and how is it different from others in the market?</p> <p>The company&rsquo;s equipment &ldquo;rapidly puts the cannabis oil in its final stage,&rdquo; with THC potency in the upper 90s percentage range and no impurities, CEO Nenad Yashruti told Benzinga.</p> <p>In a 2016 interview with <a href="http://www.dopemagazine.com/unveiling-future-cannabinoid-distillates/">Dope Magazine</a>, Yashruti said that for medical patients ...</p><p><a href=http://www.benzinga.com/news/18/05/11742279/how-one-company-is-capitalizing-on-cannabis-distillates-surging-popularity alt=How One Company Is Capitalizing On Cannabis Distillates&#039; Surging Popularity>Full story available on Benzinga.com</a></p> ACBFF APHQF best marijuana stocks cannabis cannabis news cannabis oil cannabis stocks CBDS CNTTF CRON DJACF Ganja GWPH Hemp IGC invest in marijuana is marijuana ITHUF legal marijuana legal weed marihuana marijuana marijuana dispensary marijuana laws marijuana legalization marijuana legalize marijuana news marijuana states marijuana stocks marijuanas stock med marijuana MEDFF medical medical cannabis medical marijuana medical marijuana stock medicinal marijuana MJ MSRT pot PRMCF Recreational Marijuana Root Sciences SMG smoke weed smoking weed THC THCBF TWMJF weed weed legalization weed news weed plant weed stock XXII ZYNE Emerging Markets Top Stories Exclusives Markets Interview IGC US45408X1000 SMG US8101861065 ITHUF XXII CNTTF GWPH CBDS TWMJF MSRT ZYNE THCBF ACBFF APHQF MJ PRMCF DJACF MEDFF CRON Emerging Markets Top Stories Exclusives Markets Interview Benzinga Mon, 21 May 2018 18:31:16 +0000 Javier Hasse 11742279 at www.benzinga.com Turtle Beach CEO Talks 'Fortnite,' Battle Royale Gaming: 'It's A Great Place To Be' http://www.benzinga.com/news/18/05/11708768/turtle-beach-ceo-talks-fortnite-battle-royale-gaming-its-a-great-place-to-be <p>&quot;Fortnite&quot; emerging as the biggest video gaming story of the year has had a profound effect on <strong>Turtle Beach Corp&nbsp;</strong>(NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/hear#NASDAQ">HEAR</a>), a gaming headset manufacturer that has seen its shares rise a <a href="https://www.neowin.net/news/riding-on-fortnite-craze-turtle-beach-shares-rise-over-700">remarkable 770 percent in 2018</a>.</p> <h3> Huge Success</h3> <p>Turtle Beach is seen as a nearly pure play to invest in the<a href="https://www.barrons.com/articles/fortnite-why-you-can-think-of-it-like-netflix-1526311157">&nbsp;success of &quot;Fortnite,&quot;</a>with the Battle Royale-style free play game driving a&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11640540/the-success-of-fortnite-is-driving-massive-gaming-heads">huge increase in headset sales</a>.</p> <p>Gaming headset sales grew 78 percent in the first quarter, according to NPD data. Turtle Beach is outpacing the market by nearly two times, with sales up 110 percent in the first quarter.</p> <p>&ldquo;&#39;Fortnite&#39; and &#39;Pub G&#39; started taking off and that has brought in a bunch of new gamers,&quot; Turtle Beach CEO Juergen Stark told Benzinga in a recent conversation. &quot;Even higher than first person shooters where people were using headsets, a bunch of them are buying headsets for &#39;Fortnite&#39; and that has driven more than 100 percent increase in our sales. For four months running, we have gained significant market share.</p> <p>&ldquo;We are the dominant provider of gaming headsets on Xbox and PlayStation with 42 percent market share. Part of the reason we have the share we ...</p><p><a href=http://www.benzinga.com/news/18/05/11708768/turtle-beach-ceo-talks-fortnite-battle-royale-gaming-its-a-great-place-to-be alt=Turtle Beach CEO Talks &#039;Fortnite,&#039; Battle Royale Gaming: &#039;It&#039;s A Great Place To Be&#039;>Full story available on Benzinga.com</a></p> battle royale Fortnite HEAR Juergen Stark MSFT Pub G SNE Turtle Beach Sports Top Stories Exclusives Tech Media Interview General MSFT US5949181045 SNE US8356993076 HEAR Sports Top Stories Exclusives Tech Media Interview General Benzinga Fri, 18 May 2018 15:23:11 +0000 Brett Hershman 11708768 at www.benzinga.com WWE Could Be In A Bidding War For 'Smackdown Live' While 'Raw' Gets Big Renewal http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11733632/wwe-could-be-in-a-bidding-war-for-smackdown-live-while- <p><strong>World Wrestling Entertainment, Inc</strong>. (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/wwe#NYSE">WWE</a>)&#39;s stock was trading higher by 15 percent Thursday morning after a report that rights to the company&rsquo;s &ldquo;Smackdown Live&rdquo; program could soon be up for open bidding as <strong>Comcast Corporation</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>) subsidiary NBC Universal focuses its renewal efforts on the &ldquo;Monday Night Raw&rdquo; brand.</p> <h3> What Happened</h3> <p><a href="https://www.hollywoodreporter.com/live-feed/wwe-smackdown-up-grabs-as-nbcuniversal-moves-lock-down-raw-1112671">The Hollywood Reporter</a> reported Wednesday night that sources say NBC has declined to renew its deal for &ldquo;Smackdown&rdquo; and is focusing instead on renewing its deal for &ldquo;Raw.&rdquo; Both weekly shows currently air on NBC&rsquo;s USA Network. The source also said NBC&rsquo;s &ldquo;Raw&rdquo; renewal is &ldquo;expected to close at as much as three times its current value.&rdquo;</p> <h3> Why It&rsquo;s Important</h3> <p>With NBC reportedly out of the picture, WWE could find itself in the middle of a bidding war for &ldquo;Smackdown,&rdquo; which <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/02/11278681/fox-sports-execs-attend-smackdown-live-heres-why-thats-">could reportedly be led</a> by <strong>Twenty-First Century Fox Inc</strong> (NASDAQ: <a ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11733632/wwe-could-be-in-a-bidding-war-for-smackdown-live-while- alt=WWE Could Be In A Bidding War For &#039;Smackdown Live&#039; While &#039;Raw&#039; Gets Big Renewal>Full story available on Benzinga.com</a></p> AMZN Analyst Color CFRA Research CMCSA FB FOXA Hollywood Reporter Monday Night Raw NBC Universal News Smackdown Live Tuna Amobi Upfronts USA Network WWE Rumors Top Stories Exclusives Analyst Ratings Movers Media Trading Ideas AMZN US0231351067 CMCSA US20030N1019 WWE US98156Q1085 FB FOXA US90130A1016 News Analyst Color Rumors Top Stories Exclusives Analyst Ratings Movers Media Trading Ideas Benzinga Thu, 17 May 2018 13:45:47 +0000 Wayne Duggan 11733632 at www.benzinga.com The Makings Of CNBC's Morgan Brennan: Anthropology, Entrepreneurship And 'Rent' http://www.benzinga.com/general/entrepreneurship/18/05/11689056/the-makings-of-cnbcs-morgan-brennan-anthropology-entrepreneu <p>Morgan Brennan&rsquo;s best days end with a plate at Bar Pitti and a curtain call.</p> <p>The self-proclaimed &ldquo;foodie&rdquo; scouts new restaurants and reads menus for fun, and she&rsquo;s seen close to 150 shows, none better than &ldquo;Rent&rdquo; with the original cast.</p> <p>&ldquo;It inspired me in so many ways,&rdquo; the &ldquo;Broadway junkie&rdquo; told Benzinga.</p> <p>They&rsquo;re pastimes befitting an avid student of culture &mdash; built on passions equally core to her day job. By the time the sun rises, Brennan pivots her research skills and anthropological instincts to equally fulfilling endeavors.</p> <h3> <strong>A Legacy In The Making</strong></h3> <p>Brennan wants to be remembered as an educator, a challenger of the status quo, one not to shy from hard questions.</p> <p>As the newest co-anchor of CNBC&rsquo;s &quot;Squawk Alley,&quot; Brennan&rsquo;s forging that legacy. She began the &ldquo;thrilling&rdquo; transition from general assignment reporter in April.</p> <p>&ldquo;Live television is &lsquo;sit on the edge of your seat,&rsquo;&rdquo; Brennan told Benzinga in a recent conversation. &ldquo;You never quite know how it&rsquo;s going to go. When you&rsquo;re a magazine writer, you spend weeks working on a story and crafting it and fact-checking it and fact-checking it again, and you know what&rsquo;s going out. With live television, you get as prepared as you possibly can, but then you get a breaking news headline and everything changes, so it&rsquo;s a totally different process. I love it.&rdquo;</p> <p>Brennan&rsquo;s new position requires talking off the cuff about whatever&rsquo;s breaking &mdash; a task demanding broad knowledge earned through extensive reading, interviewing and time.</p> <p>&ldquo;It&rsquo;s literally like getting paid to learn,&rdquo; she ...</p><p><a href=http://www.benzinga.com/general/entrepreneurship/18/05/11689056/the-makings-of-cnbcs-morgan-brennan-anthropology-entrepreneu alt=The Makings Of CNBC&#039;s Morgan Brennan: Anthropology, Entrepreneurship And &#039;Rent&#039;>Full story available on Benzinga.com</a></p> A Day In The Life CNBC Morgan Brennan Squawk Alley TWTR Entrepreneurship Movers & Shakers Top Stories Exclusives Interview General TWTR US90184L1026 Entrepreneurship Movers & Shakers Top Stories Exclusives Interview General Benzinga Wed, 16 May 2018 19:11:10 +0000 Elizabeth Balboa 11689056 at www.benzinga.com GameStop Receives Letter Urging Strategic Review From Tiger Management http://www.benzinga.com/news/18/05/11727303/gamestop-receives-letter-urging-strategic-review-from-tiger-management <p><strong>GameStop Corp. </strong>(NYSE: <a class="ticker" href="http://www.benzinga.com/stock/gme#NYSE">GME</a>) confirmed Wednesday that it had received a letter from Tiger Management LLC urging a strategic review and action to restore shareholder confidence. <a href="https://www.cnbc.com/2018/05/16/hedge-fund-tiger-sends-letter-to-gamestop-urging-retailer-to-adopt-a-turnaround-plan.html">CNBC first reported</a> the news.</p> <h3> What Happened</h3> <p>&ldquo;GameStop has a long track record of welcoming communication from all of its shareholders and values constructive input that may help increase shareholder value,&rdquo; a GameStop spokesperson<a href="https://www.benzinga.com/news/18/05/11727163/gamestop-spokesperson-confirms-to-benzinga-receipt-of-letter-from-tiger-manageme"> told Benzinga</a>.</p> <p>Tiger Management encouraged the firm to stop making acquisitions, divest certain business segments and repurchase stock.</p> <p>&quot;We view the <a href="https://www.benzinga.com/news/18/05/11695293/gamestop-ceo-resigns-co-founder-daniel-dematteo-to-assume-interim-duties">recent management departures</a> ...</p><p><a href=http://www.benzinga.com/news/18/05/11727303/gamestop-receives-letter-urging-strategic-review-from-tiger-management alt=GameStop Receives Letter Urging Strategic Review From Tiger Management>Full story available on Benzinga.com</a></p> CNBC GME News Tiger Management Top Stories Exclusives Media GME US36467W1099 News Top Stories Exclusives Media Benzinga Wed, 16 May 2018 17:04:37 +0000 Elizabeth Balboa 11727303 at www.benzinga.com What The Supreme Court's Sports Betting Ruling Means For States, Leagues And Online Sportsbooks http://www.benzinga.com/government/18/05/11706980/what-the-supreme-courts-sports-betting-ruling-means-for-states-leagues-and <p>Sports betting is legal in the United States. The <a href="https://www.benzinga.com/news/18/05/11704824/supreme-court-overturns-sports-betting-ban-in-new-jersey-case">Supreme Court&rsquo;s landmark decision to overturn PAPSA</a>, a law in place since 1992, has far-reaching implications for professional sports and creates the potential for legalized and regulated online gambling.</p> <p>&quot;The legalization of sports gambling requires an important policy choice, but the choice is not ours to make,&quot; Justice Samuel Alito wrote in the 7-2 opinion. &quot;Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.&quot;</p> <h3> Markets Move</h3> <p>Immediately after the news broke, gaming giant<strong> Caesars Entertainment Corporation </strong>(NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/czr#NASDAQ">CZR</a>) shares gained over 8 percent, along with other casino stocks. <strong>Churchill Downs, Inc.</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/chdn#NASDAQ">CHDN</a>) shares were up 4.87 percent at the close Monday, while&nbsp;<strong>Boyd Gaming Corporation</strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/byd#NYSE">BYD</a>) shares were up more than 3 percent.</p> <p>Sports Attorney Darren Heitner tells Benzinga he does&#39;t see the proliferation of sports betting beyond Nevada hurting Las Vegas in anyway.</p> <p>&quot;This is a great opportunity for (Gaming corporations). Right now they are limited to Nevada. Now they can expand beyond and tap into whatever they have in Atlantic. They are salivating at the opportunity,&quot; he said.</p> <p>&quot;Overall it&#39;s a good thing for the teams and leagues. There is a lot of sports media companies that provide data and analysis to consumers that will benefit and new networks (for bettors) will emerge. It will also draw more fans to the stadium. I think there is a real possibility to see betting at the actual game,&quot; Heitner said.</p> <p>Heitner says that people will be mistaken if they are expecting to see sports betting in every state immediately.</p> <p>&quot;It is going to be a slow process. People are obviously mistaken to see sports betting legal everywhere. Certain states that have taken a proactive role such as New Jersey, will absolutely license and operate in the immediate future and other states will continue to debate.&quot;</p> <p>Dallas Mavericks owner Mark Cuban <a href="https://www.cnbc.com/2018/05/14/mark-cuban-sports-team-saw-their-value-double-on-betting-decision.html">told CNBC</a>, &quot;I think everyone that owns a top four professional sports team saw the value of their team double.&rdquo;</p> <p><em>Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11714090/heres-where-legal-us-sports-betting-is-coming-first">Here&#39;s Where Legal US Sports Betting Is Coming First</a></em></p> <h3> <strong>League Comissioners Weigh In</strong></h3> <p>The MLB, NBA and the PGA Tour took an early ...</p><p><a href=http://www.benzinga.com/government/18/05/11706980/what-the-supreme-courts-sports-betting-ruling-means-for-states-leagues-and alt=What The Supreme Court&#039;s Sports Betting Ruling Means For States, Leagues And Online Sportsbooks>Full story available on Benzinga.com</a></p> Adam Silver BYD CHDN CZR Government Jay Monahan Mark Cuban MLB NBA News nfl NHL PAPSA PGA Tour Samuel Alito Scott Cooley Zack Ward Legal Sports Top Stories Exclusives Interview General CHDN US1714841087 BYD US1033041013 CZR US1276861036 News Government Legal Sports Top Stories Exclusives Interview General Benzinga Tue, 15 May 2018 18:39:44 +0000 Brett Hershman 11706980 at www.benzinga.com Ford Still Committed To SUV, Truck Shift Even As Iran Relations Threaten Spike In Gas Costs http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11688294/ford-still-committed-to-suv-truck-shift-even-as-iran-re <p>The U.S. has irked a major oil exporter, and some fear its withdrawal from the Iran nuclear deal could&nbsp;<a href="https://www.nytimes.com/2018/05/09/business/energy-environment/iran-oil.html">prompt a pop</a> in gas prices.</p> <p>Historically, such a <a href="https://www.weforum.org/agenda/2015/01/the-impact-of-lower-oil-prices-on-the-auto-industry/">cost trajectory has precipitated</a> change in the auto industry&rsquo;s sales mix from trucks or SUVs to<a href="https://www.investopedia.com/articles/personal-finance/062515/do-oil-prices-affect-auto-industry.asp">&nbsp;</a>fuel-efficient cars.</p> <h3> <strong>Who Should Care?</strong></h3> <p>The correlation is meaningful to companies like <strong>General Motors Company</strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/gm#NYSE">GM</a>) and <strong>Fiat Chrysler Automobiles NV</strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/fcau#NYSE">FCAU</a>), both of which have <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/04/11583311/ford-says-goodbye-to-the-focus-taurus-and-others-in-nor">long shifted investment</a> from passenger cars toward higher-margin and better-selling trucks and SUVs.</p> <p><strong>Ford Motor Company</strong> (NYSE: <a class="ticker" href="http://www.benzinga.com/stock/f#NYSE">F</a>) announced in April it, too, would begin paring its North American car portfolio to just two models. Ford is not nearly as far along as GM or FCA and has a chance to reevaluate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/03/11375801/ford-releases-big-picture-strategy-5-things-to-consider">its plan</a> amid new circumstances.</p> <h3> <strong>What&rsquo;s The Real Impact?</strong></h3> <p>Experts ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11688294/ford-still-committed-to-suv-truck-shift-even-as-iran-re alt=Ford Still Committed To SUV, Truck Shift Even As Iran Relations Threaten Spike In Gas Costs>Full story available on Benzinga.com</a></p> Analyst Color AutoTrader Dan Jones F FCAU GM Michelle Krebs News Commodities Top Stories Exclusives Markets Analyst Ratings Interview F US3453708600 GM US37045V1008 FCAU News Analyst Color Commodities Top Stories Exclusives Markets Analyst Ratings Interview Benzinga Thu, 10 May 2018 19:35:17 +0000 Elizabeth Balboa 11688294 at www.benzinga.com Vertical Group's Gordon Johnson Figures Tesla Lost $14K Per Model 3 In Q1 http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11677416/vertical-groups-gordon-johnson-figures-tesla-lost-14k-p <p>Each Model 3 sold in the <a href="https://www.benzinga.com/news/earnings/18/05/11631592/teslas-q1-earnings-recap-per-share-loss-better-than-expected-model-3-up">first quarter</a> of this year cost <strong>Tesla Inc</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) nearly $14,000, according to calculations by Vertical Group&rsquo;s Gordon Johnson.</p> <p>Johnson initially published a $15,600 loss-per-Model 3 estimate Tuesday morning but adjusted his &ldquo;cars sold&rdquo; figure following a conversation with Tesla management.</p> <p>By his estimates, &ldquo;Tesla will <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/04/11504370/gordon-johnson-tesla-has-bleak-future-will-drop-to-84">still lose a lot</a> of money every quarter&rdquo; even if it posts no start-up costs, begins selling 5,000 Model 3s at a 25-percent gross margin this quarter and drops operating expenses to a steady 25 percent of sales.</p> <p>When contacted for comment on Johnson&#39;s estimate, a Tesla spokesman pointed to the company&#39;s first-quarter ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11677416/vertical-groups-gordon-johnson-figures-tesla-lost-14k-p alt=Vertical Group&#039;s Gordon Johnson Figures Tesla Lost $14K Per Model 3 In Q1>Full story available on Benzinga.com</a></p> Analyst Color Gordon Johnson TSLA Vertical Group Price Target Reiteration Top Stories Exclusives Analyst Ratings TSLA US88160R1014 Analyst Color Price Target Reiteration Top Stories Exclusives Analyst Ratings Benzinga Wed, 09 May 2018 16:27:59 +0000 Elizabeth Balboa 11677416 at www.benzinga.com Meet The 29-Year-Old Building Her Own Cannabis Empire http://www.benzinga.com/news/18/05/11544096/meet-the-29-year-old-building-her-own-cannabis-empire <p>If you met Olivia Mannix, you&#39;d never guess that her business is <a href="http://www.benzinga.com/investing/how-to-invest-in-marijuana-stocks/">marijuana</a>.</p> <p>Mannix, 29, is the founder and CEO of <strong>Cannabrand,</strong> a company often referred to as the world&rsquo;s first cannabis marketing agency. It launched in 2014 and is responsible for the marketing of several leading marijuana-related brands in the U.S., including <a href="http://www.benzinga.com/topic/women-grow">Women Grow</a>.</p> <p>&ldquo;We created the company to &lsquo;rebrand&rsquo; cannabis, and were the first people to ever come out and demand a change in the industry and how it is perceived,&rdquo; Mannix told Benzinga in a recent interview.</p> <p>Cannabrand&#39;s latest challenge was an internal one: it had to rebrand itself. The Denver-based company <a href="http://www.benzinga.com/press-releases/18/04/11543346/cannabrand-merges-with-voyage-business-resources">merged with Voyage Business Resources</a>.</p> <p>&ldquo;After working together for more than a year, we&rsquo;ve merged with Voyage to create a full-service cannabis marketing, business consulting and brokerage firm to service the $9-billion-per-year cannabis industry and help businesses continue to scale with the overall market,&rdquo; the ...</p><p><a href=http://www.benzinga.com/news/18/05/11544096/meet-the-29-year-old-building-her-own-cannabis-empire alt=Meet The 29-Year-Old Building Her Own Cannabis Empire>Full story available on Benzinga.com</a></p> cannabis Cannabrand marijuana Olivia Mannix Voyage Business Resources Women Grow Emerging Markets Top Stories Success Stories Startups Exclusives Markets Interview Emerging Markets Top Stories Success Stories Startups Exclusives Markets Interview Benzinga Tue, 08 May 2018 19:24:19 +0000 Javier Hasse 11544096 at www.benzinga.com Blink Charging Co. Chairman Talks Price Action, Whole Foods News And Potential Financing http://www.benzinga.com/news/18/05/11657395/blink-charging-co-chairman-talks-price-action-whole-foods-news-and-potential-fin <p>Leading <a href="https://www.benzinga.com/topic/electric-vehicles">electric vehicle </a>charging station owner, operator, and provider <strong>Blink Charging Co</strong> (NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) <a href="https://www.benzinga.com/pressreleases/18/05/g11656042/whole-foods-market-providing-blink-charging-electric-vehicle-chargers-">announced Monday</a> it has deployed charging stations at three Whole Food Markets.</p> <h3> <strong>What Happened</strong></h3> <p>Shares of&nbsp;Blink Charging, which now has a <a href="https://www.benzinga.com/investing/top-stocks-under-5/">market cap of about $27 million</a>, were up 170 percent Monday on the news of the partnership with <strong>Amazon.com, Inc. </strong>(NASDAQ: <a class="ticker" href="http://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>)-owned Whole Foods. The charging stations were deployed at three new Whole Foods Pennsylvania locations in Lancaster, Spring House and Exton.</p> <p>&quot;The news wasn&#39;t per se so significant,&quot; Michael Farkas, Blink Charging&#39;s founder and executive chairman, said of the stock&#39;s rally. The upward move suggests &quot;a very, very significant ...</p><p><a href=http://www.benzinga.com/news/18/05/11657395/blink-charging-co-chairman-talks-price-action-whole-foods-news-and-potential-fin alt=Blink Charging Co. Chairman Talks Price Action, Whole Foods News And Potential Financing>Full story available on Benzinga.com</a></p> AMZN BLNK electric vehicles EVs Michael Farkas Mike Calise News Whole Foods Events Exclusives Movers Tech Trading Ideas Interview AMZN US0231351067 BLNK News Events Exclusives Movers Tech Trading Ideas Interview Benzinga Tue, 08 May 2018 16:42:13 +0000 Craig Jones 11657395 at www.benzinga.com The Success Of 'Fortnite' Is Driving Massive Gaming Headset Sales http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11640540/the-success-of-fortnite-is-driving-massive-gaming-heads <p>Five months into the year, &quot;Fortnite&quot; is unquestionably the biggest story in gaming. The battle royale-style free play game continues to spread through word of mouth and a virality that has <a href="https://www.mlb.com/cut4/the-astros-are-doing-fortnite-celebrations-after-each-win-and-theyre-awesome/c-271079186">touched numerous aspects of society</a>. And now it&#39;s driving hardware sales.</p> <p>Video&nbsp;game headset sales were up 78 percent year-over-year in the first quarter, with March alone seeing 9-percent sales growth, according to a&nbsp;recent report from research firm NPD Group.</p> <h3> <strong>A Unique Player Experience&nbsp;</strong></h3> <p>What&#39;s responsible for this remarkable growth? All signs point to the&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/03/11416725/how-video-game-developers-are-taking-on-fortnite-and-wh">rapid success</a>&nbsp;of &quot;Fortnite&quot; and the overall rise in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/04/11522531/4-reasons-why-fortnite-has-won-over-gamers">popularity of battle royale-style video games</a>, where players are pitted against each other in an every-man-for-themselves battle until one player is left standing.</p> <p>Battle royale games appear to have a wide impact on the sales of headsets, gamepads, game cards and other peripheral products, NPD Group&#39;s video game software analyst Mat Piscatella told Benzinga. Total spending on Accessories and Game Cards saw 20 percent year-over-year growth in March alone&nbsp;<a href="https://www.wsj.com/articles/how-popular-is-fortnite-headset-sales-nearly-doubled-in-march-1524683752">to $372 million</a>, according to NPD Group.</p> <p>&quot;These sales increases have correlated to the rise in popularity from ...</p><p><a href=http://www.benzinga.com/analyst-ratings/analyst-color/18/05/11640540/the-success-of-fortnite-is-driving-massive-gaming-heads alt=The Success Of &#039;Fortnite&#039; Is Driving Massive Gaming Headset Sales>Full story available on Benzinga.com</a></p> Analyst Color E3 Epic Games Fortnite HEAR LOGI Mat Piscatella MSFT News NPD NTDOY SNE Retail Sales Top Stories Exclusives Tech Media Interview LOGI CH0025751329 MSFT US5949181045 SNE US8356993076 NTDOY US6544453037 HEAR News Analyst Color Retail Sales Top Stories Exclusives Tech Media Interview Benzinga Mon, 07 May 2018 19:51:11 +0000 Brett Hershman 11640540 at www.benzinga.com AxisWire: The Birth Of A Cannabis Industry Media Standard http://www.benzinga.com/news/18/05/11617125/axiswire-the-birth-of-a-cannabis-industry-media-standard <p>The cannabis industry witnessed the debut last month of <strong>AxisWire, </strong>a company conceived to offer a one-stop-shop for cannabis industry entrepreneurs looking to expose and grow their brands and journalists seeking the latest industry news. Think of a PRNewswire-style site created exclusively for the cannabis industry.</p> <p>The company offers a source locator service called STAR, where journalists, entrepreneurs and experts can connect to collaborate on pot-focused stories. Other services include: the writing and distribution of press releases to over 1,700 journalists and reporters worldwide, a centralized hub for all media inquiries, experts media strategy consultation and media compliance and professional review services provided by <strong>Cannaregs.</strong></p> <p><em>Related Link: </em><a href="http://www.benzinga.com/government/18/03/11314735/wonder-women-of-weed-amanda-ostrowitz-from-federal-reserve-bank-regulator-"><em>Wonder Women Of Weed: Amanda Ostrowitz, From Federal Reserve Bank Regulator To Cannabis Compliance Entrepreneur</em></a></p> <p>AxisWire ...</p><p><a href=http://www.benzinga.com/news/18/05/11617125/axiswire-the-birth-of-a-cannabis-industry-media-standard alt=AxisWire: The Birth Of A Cannabis Industry Media Standard>Full story available on Benzinga.com</a></p> 420 Games ACBFF APHQF AxisWire CannaRegs CBDS Civilized CNTTF CRON Cynthia Salarizadeh Debra Borchardt Derek Riedle DJACF Evan Nison Gaynell Rogers GWPH Harborside Hoban Law Group IGC ITHUF KCSA Strategic Communications Lewis Goldberg MEDFF MJ MSRT New West Summit News Nison Co. PRMCF PRNewswire Salar Media Group SMG Star THCBF TWMJF XXII ZYNE Emerging Markets Top Stories Exclusives Markets Media Interview IGC US45408X1000 SMG US8101861065 ITHUF XXII CNTTF GWPH CBDS TWMJF MSRT ZYNE THCBF ACBFF APHQF MJ PRMCF DJACF MEDFF CRON News Emerging Markets Top Stories Exclusives Markets Media Interview Benzinga Mon, 07 May 2018 13:58:25 +0000 Javier Hasse 11617125 at www.benzinga.com US Unemployment Rate Ticks Under 4% For The First Time Since December 2000 http://www.benzinga.com/news/18/05/11646846/us-unemployment-rate-ticks-under-4-for-the-first-time-since-december-2000 <p>The U.S. unemployment rate <a href="https://tradingeconomics.com/united-states/unemployment-rate">fell </a>from 4.1 percent in March to 3.9 percent in April &mdash; notably below the Street&rsquo;s 4-percent forecast. The metric struck its lowest point since December 2000.</p> <h3> <strong>Why It&rsquo;s Important</strong></h3> <p>The percentages represent 239,000 fewer Americans facing unemployment, a cohort supported by the addition of 164,000 new jobs.</p> <p>Notably, the change accompanied a drop in the labor force participation rate, which fell from 62.9 percent to 62.8 percent. The absolute ...</p><p><a href=http://www.benzinga.com/news/18/05/11646846/us-unemployment-rate-ticks-under-4-for-the-first-time-since-december-2000 alt=US Unemployment Rate Ticks Under 4% For The First Time Since December 2000>Full story available on Benzinga.com</a></p> DIA Mohamed El-Erian News SPY Econ #s Federal Reserve Exclusives Markets DIA US78467X1090 SPY US78462F1030 News Econ #s Federal Reserve Exclusives Markets Benzinga Fri, 04 May 2018 13:35:10 +0000 Elizabeth Balboa 11646846 at www.benzinga.com