Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ: BSJS)

Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS), Trade Ideas

Invesco BulletShares 2028 High Yield Corporate Bond ETF

McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/MCD/earnings">opening bell on April 30</a>.
Analysts expect the Chicago, Illinois-based company to report quarterly earnings at $2.72 per share, up from $2.63 per share in the year-ago period. McDonald&#8217;s is projected to report quarterly revenue of $6.16 billion, up from $5.9 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
McDonald's recently announced that it will be repurchasing all its franchises in Israel. This move comes amidst ongoing tensions in the Middle East, which have had a significant impact <a href="https://www.benzinga.com/news/24/04/38106301/mcdonalds-to-buy-back-all-225-israeli-restaurants-amid-middle-east-tensions">on the company's business.</a>
McDonald&#8217;s shares rose 0.2% to close at $273.55 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MCD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Wedbush analyst Nick Setyan maintained an Outperform rating and cut the price target from $330 to $300 on April 26. This analyst has an accuracy rate of 82%.</li>
<li>Citigroup analyst Jon Tower maintained a Neutral rating and slashed the price target from $312 to $297 on April 16. This analyst has an accuracy rate of 76%.</li>
<li>TD Cowen analyst Andrew Charles maintained a Buy rating and reduced the price target from $325 to $305 on April 12. This analyst has an accuracy rate of 74%.</li>
<li>Stifel analyst Chris O'Cull maintained a Hold rating and cut the price target from $315 to $300 on April 11. This analyst has an accuracy rate of 70%.</li>
<li>UBS analyst Dennis Geiger maintained a Buy rating and lowered the price target from $340 to $335 on April 5. This analyst has an accuracy rate of 73%.</li>
</ul>
Read This Next:<a href="https://www.benzinga.com/news/24/04/38489087/jim-cramer-likes-palantir-recommends-pioneer-natural-resources-i-want-you-to-ka-ching-ka-ching"> Jim Cramer Likes Palantir, Recommends Pioneer Natural Resources: &#8216;I Want You To Ka-Ching, Ka-Ching&#8217;</a>

Earnings

News

Price Target

Pre-Market Outlook

Markets

Trading Ideas

McDonald's Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Macro Economic Events

Econ #s

Economics

Reported Earlier, China Caixin Manufacturing Purchasing Managers Index For April 51.4 Vs. 51 Est.; 51.1 Prior

Reported Earlier, China Non-Manufacturing Purchasing Managers Index For April 51.2 Vs. 52.3 Est.; 53.0 Prior

Reported Earlier, China Manufacturing Purchasing Managers Index For April 50.4 Vs. 50.3 Est.; 50.8 Prior

Reported Earlier, China Composite Purchasing Managers' Index For April 51.7 Vs. 52.7 Prior

Tesla and SpaceX CEO Elon Musk&nbsp;has <a href="https://www.benzinga.com/news/24/03/38012210/elon-musk-slams-mark-zuckerbergs-meta-for-falsely-taking-credit-for-x-sales-after-facebook-instagram">once again accused</a>&nbsp;Mark Zuckerberg-led Meta Platforms, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) for taking&nbsp;credit for traffic that actually&nbsp;originates from his social media platform, X, formerly Twitter.
What Happened: Musk&#8217;s comments came in response to a post by&nbsp;DogeDesigner, a graphic designer at&nbsp;Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), who highlighted a lawsuit against Meta&nbsp;in Japan. The lawsuit alleges&nbsp;financial losses due to Meta&#8217;s&nbsp;failure to verify the authenticity&nbsp;of ads. 
DogeDesigner suggested that X&#8217;s platform ensures that even <a href="https://www.benzinga.com/news/23/12/36062965/elon-musk-once-again-hails-x-as-the-best-source-of-truth-after-biden-gets-community-noted-over-infla">paid ads are fact-checked</a> by Community Notes, although this feature is not 100% reliable considering its history with <a href="https://www.benzinga.com/news/23/10/35212510/elon-musks-x-community-notes-is-wrong-graphic-hamas-video-shared-by-trump-jr-is-actually-real-report" target="_blank" rel="noreferrer noopener">erroneously flagging a graphic video</a> shared by Donald Trump Jr. 
Musk himself spoke about community notes <a href="https://twitter.com/elonmusk/status/1761881852833419771">failing</a> in one instance earlier this year, when he expressed <a href="https://www.benzinga.com/news/24/02/37304788/elon-musk-buys-a-new-windows-pc-fears-signing-in-will-give-microsoft-ai-access-to-his-computer-this">dissatisfaction with a newly purchased</a> Windows PC laptop, which didn&#8217;t let me access it until after creating an account with Microsoft. On his post, the note read, &#8220;It is still possible to set up the latest version of Windows without a Microsoft account.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38480373/musk-vs-moskovitz-rages-on-as-tesla-ceo-trolls-facebook-co-founders-company-why-would-anyone-pay-mon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Vs. Moskovitz Rages On As Tesla CEO Trolls Facebook Co-Founder&#8217;s Company: &#8216;Why Would Anyone Pay Money For Functionality That Comes For Free On Your Phone?&#8217;</a>
Musk responded to DogeDesigner saying,&nbsp;&#8220;Unfortunately, Meta/Facebook/Instagram is highly skilled&nbsp;at taking advertising credit for&nbsp;traffic that actually comes from&nbsp;our platform (sigh).&#8221; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Unfortunately, Meta/Facebook/Instagram is highly skilled at taking advertising credit for traffic that actually comes from our platform (sigh) <a href="https://t.co/Cunw2KDUB7">https://t.co/Cunw2KDUB7</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1785033150172651599?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This is not the first time Musk has criticized Meta for advertisement credit. In March earlier this year, the tech billionaire alleged that Meta &#8220;falsely&#8221; took credit for sales that originated from X, after advertisers filed <a href="https://www.benzinga.com/news/24/03/37885090/mark-zuckerberg-led-meta-faces-class-action-lawsuit-over-alleged-misrepresentation-of-facebook-insta">a $7 billion lawsuit</a> against Meta&#8217;s Facebook and Instagram. 
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments. 
Why It Matters: Meta has been facing a series of challenges in its advertising system. Seizing the opportunity, Musk&nbsp;<a href="https://www.benzinga.com/news/24/04/38216195/elon-musk-asks-advertisers-to-return-to-x-after-months-of-tussle-with-disney-apple-and-others-as-zuc">invited advertisers to return to X</a>&nbsp;earlier this month, amid reports of significant issues in Meta&#8217;s advertising system, which led to higher ad campaign costs, poorer results, and reduced sales for marketers.
Meta has also been&nbsp;<a href="https://www.benzinga.com/news/24/04/38194784/elon-musk-mocks-facebook-again-likens-its-links-to-aol-email-address-as-zuckerbergs-meta-struggles-w">struggling with ad glitches</a>, which led to Musk likening sharing a Facebook link to using an AOL email address. This was another instance of Musk taking a jab at Meta&#8217;s advertising system.
Previously, the tech mogul has also expressed opinions <a href="https://www.benzinga.com/news/23/12/36381479/elon-musk-reacts-to-the-report-that-claims-more-than-a-million-seek-how-to-delete-instagram-every-mo">regarding the credibility of Meta&#8217;s</a> social media platforms and its influence on users&#8217; mental well-being. 
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>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38477795/elon-musks-prediction-for-domestic-robots-mark-zuckerbergs-massive-1b-bet-on-nvidia-gpus-and-more-th?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk's Prediction For Domestic Robots, Mark Zuckerberg's Massive $1B Bet On Nvidia GPUs And More: This Week In AI</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Tech

$DOGE

While Mark Zuckerberg-Led Meta Battles Advertiser Complaints, Elon Musk Continues To Thrash Facebook, Instagram For Allegedly Stealing 'Credit For Traffic'

Reported Earlier, Australia Retail Sales (MoM) For March -0.4% Vs. 0.2% Est.; 0.2% (Revised) Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Industrial Production (MoM) Preliminary For March 3.8% Vs. 3.4% Est.; -0.6% Prior

On Monday, Cathie Wood&#8217;s Ark Invest made significant trades, notably in Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
The PLTR Trade
Ark Invest, through its ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), acquired 203,197 shares of Palantir. Based on the closing price of $22.83 on the same day, the value of the trade is approximately $4.6 million. This move comes <a href="https://www.benzinga.com/markets/equities/24/04/38477354/cathie-woods-ark-invest-hoards-palantir-stock-ahead-of-q1-earnings-adds-more-of-this-buffett-bac">ahead of Palantir&#8217;s Q1 earnings report</a>, scheduled for May 5, 2024. Analysts expect the company to report earnings per share of 8 cents on revenue of $625.33 million, representing an increase from the previous quarter.
The META Trade
Ark Invest also showed interest in Meta Platforms buying shares across multiple ETFs. The Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) fund acquired 922 shares, ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) bought 5893 shares, and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) added 3000 shares. The total purchase, calculated from the closing price of $432.62, amounts to approximately $4.2 million. This comes after the Mark Zuckerberg-led company reported <a href="https://www.benzinga.com/news/earnings/24/04/38416273/meta-platforms-q1-earnings-highlights-facebook-owner-beats-estimates-but-guidance-higher-costs-ding">first-quarter revenue</a> of $36.45 billion, up 27% year-over-year and beating the Street consensus estimate of $36.16 billion.
Other Key Trades:
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38475783/bitcoin-faces-second-danger-zone-as-analyst-warns-of-potential-downside-heres-what-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Faces &#8216;Second Danger Zone&#8217; As Analyst Warns Of Potential Downside: Here&#8217;s What To Expect</a> 
<ul>
<li>Ark Invest sold shares of Teladoc Health Inc (TDOC) from its ARKK fund and shares of 2U Inc (TWOU) were sold from the ARKK fund. </li>
<li>The ARKQ fund sold shares of Kratos Defense and Security Solutions Inc (KTOS). Ark Invest bought shares of Advanced Micro Devices Inc (AMD) for its ARKQ fund.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/government/24/04/38488235/supreme-court-drivers-hauling-baked-goods-are-in-transportation-not-baking?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Supreme Court: Drivers Hauling Baked Goods Are in Transportation, Not Baking</a>
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 Engineered by 
 Benzinga Neuro, Edited by 
 
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 Shivdeep Dhaliwal</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Equities

ETFs

ARKF

ARKK

ARKQ

ARKW

PLTR

Cathie Wood's Ark Invest Scoops Up Over $4M Worth Of Palantir, Meta Platforms Shares

A new exchange-traded fund (ETF) is set to launch, offering investors a unique proposition of &#8220;100% downside protection&#8221; to the stock market, but with a few conditions.
What Happened: The Calamos S&amp;P 500 Structured Alt Protection ETF – May will be introduced on Wednesday under the ticker symbol &#8220;CPSM,&#8221; <a href="https://www.calamos.com/about/news/press-releases/2024/calamos-targets-capital-protected-industry-with-12-new-etfs/">according</a> to the press release. 
The ETF is designed to provide investors who purchase it on its first day of issuance with 100% protection to the S&amp;P 500 over a one-year period.
However, this protection comes with a trade-off. The ETF will also cap investors&#8217; upside gains to the S&amp;P 500 at a range of 9.20% to 9.65%. The cap is determined by a package of options positions that expire on the same day, one year from the purchase date.
&#8220;These are a package of options positions all customized to expire on the same day, one-year from now that can deliver the upside to a cap, there&#8217;s no free lunch here, so a cap of right around 9.65% is what we&#8217;re seeing now, with 100% protection over the next 365 days,&#8221; Calamos&#8217; head of ETFs Matt Kaufman told CNBC on Monday.
For investors to secure the 100% downside protection, they must buy the ETF on its first day of issuance. Purchases made after May 1 will offer a lower level of downside protection, depending on option prices.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478293/shiba-inus-burn-rate-soars-cathie-wood-believes-ethereum-could-catch-up-to-bitcoin-and-mor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More: Top Crypto</a>
When comparing anticipated returns of CPSM, some ETFs stand out. For instance SPDR S&amp;P 500 Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), currently trading at $510, boasting a one-year return of 27.48%. Similarly, the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>), priced at $512.59, has shown a one-year return of 27.66%. Notably, the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>), trading at $468.84, has delivered a one-year return of 27.70%, according to the data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Why It Matters: The introduction of this unique ETF comes at a time when the stock market is experiencing a series of unexpected turns. Economists at Macquarie recently <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38508875/another-rate-hike-coming-in-2024-macquarie-economists-reverse-forecast-warn-of-incr">revised their predictions for interest rates</a>, suggesting a potential hike. This shift is driven by signs of inflation rebounding and a resilient U.S. economy.
Despite these changes, the stock market&#8217;s long-term bull rally is expected to continue, with the S&amp;P 500 potentially surging by 34% by the end of 2026, according to <a href="https://www.benzinga.com/markets/equities/24/03/37926504/stock-market-could-rally-another-34-by-2026-says-bank-of-america">Bank of America&#8217;s technical strategist</a>, Stephen Suttmeier.
However, not all experts share this optimistic outlook. Paul Dietrich, the chief investment strategist at B. Riley Wealth, has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37979729/stock-market-bizarrely-overvalued-warns-expert-every-single-indicator-tell-us-were-">warned of a major correction</a> in the stock market, pointing to indicators signaling a historic bubble.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38475783/bitcoin-faces-second-danger-zone-as-analyst-warns-of-potential-downside-heres-what-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Faces &#8216;Second Danger Zone&#8217; As Analyst Warns Of Potential Downside: Here&#8217;s What To Expect</a>
Image Via Shutterstock 
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.

New ETFs

Global

There's A New ETF Tracking S&P500 That Offers '100% Downside Protection' But Here's The Catch

Samsung Electronics Co., Ltd.(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) has declared its intention to mass-produce the pioneering 5th generation HBM3E chip in the second quarter. This follows a prosperous first quarter, during which the company invested $82.07 billion (KRW 11.3 trillion).
What Happened: Samsung&#8217;s first-quarter facility investment totaled KRW 11.3 trillion. Of this, semiconductors and displays accounted for KRW 9.7 trillion and KRW 1.1 trillion respectively, reported <a href="https://www.chosun.com/economy/tech_it/2024/04/30/NVT43ISIXZBANJCUQXAEC7A4UQ/">Chosun</a>, a Korean portal. The company also unveiled plans to mass-produce its 5th generation HBM3E chip in the second quarter. This chip is a first in the industry, capable of stacking DRAM chips up to 12 layers.
See Also: <a href="https://www.benzinga.com/news/24/04/38478689/amid-latest-indictments-former-trump-aide-slams-ex-president-over-treatment-of-bodies-around-him-he?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of &#8216;Bodies Around Him&#8217;: &#8216;He Takes Out Everybody Who Is Loyal To Him&#8217;</a>
In February, Samsung announced the successful development of the HBM3E, which offers more advantages for expanding the capacity of AI semiconductors than the existing 8-layer HBM3E. This is primarily because increasing the DRAM capacity in AI semiconductors enhances learning efficiency.
There is a high level of anticipation for Nvidia supply, especially after Nvidia(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang left his &#8216;Jensen Approved&#8217; signature on Samsung&#8217;s HBM3E product last month. However, it is projected that the second quarter mass-produced product will be installed on AMD&#8217;s new AI accelerator &#8216;Instinct MI350&#8217;.
Why It Matters: With the growing demand for AI semiconductors, Samsung&#8217;s plans to increase supply and expand HBM production capacity are timely. The company is aiming to maximize the production capacity of the industry-first developed HBM3E 12-layer product, as the demand for high-capacity products continues to rise.
Read Next: <a href="https://www.benzinga.com/news/24/04/38479082/elon-musk-gives-one-word-response-to-joe-bidens-dig-at-donald-trump-at-white-house-correspondents-di?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gives One-Word Response To Joe Biden&#8217;s Dig At Donald Trump At White House Correspondents&#8217; Dinner</a>
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 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Jae Hur</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Asia

NVDA

SSNLF

Samsung Electronics Set To Mass Produce Groundbreaking 5Th Gen HBM3E Chip To Advance AI Innovation

On Monday, the major U.S. stock indices finished positively, with the Dow Jones Industrial Average closing 0.4% up at 38,386.09, the S&amp;P 500 increasing by 0.32% to 5,116.17, and the Nasdaq rising by 0.35% to 15,983.08.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>)
The stock of the electric vehicle maker surged by 81.01% to close at $5.72 after the company announced that the California Air Resources Board <a href="https://www.benzinga.com/news/24/04/38493684/why-ev-maker-mullen-automotives-stock-is-charging-monday">approved</a> the 2024 Mullen THREE for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). This announcement sparked a significant rise in the company&#8217;s shares.
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
Amazon&#8217;s stock saw a modest increase of 0.75% to close at $180.96. The e-commerce giant is set to report its <a href="http://benzinga.com/24/04/38495466/amazon-q1-earnings-preview-analyst-estimates-key-items-to-watch-including-nba-wnba-fallout(opens in a new tab)">first-quarter financial results</a> after the market closes on Tuesday. Analysts are expecting Amazon to report a first-quarter revenue of $142.47 billion.
See Also: <a href="https://www.benzinga.com/news/24/04/38490818/if-you-invested-1000-in-chipotle-mexican-grill-a-decade-ago-this-is-how-much-itd-be-worth-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1000 in Chipotle Mexican Grill a Decade Ago, This is How Much It&#8217;d Be Worth Now</a>
SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)
SoFi Technologies&#8217; shares dropped by 10.48% to $7.05 after the company reported its fiscal first-quarter 2024 results. The company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/04/38495323/whats-going-on-with-sofi-technologies-stock-monday">adjusted revenue</a> increased 26% year-on-year to $580.648 million, beating the consensus of $555.997 million. The results led to a reversal in the company&#8217;s stock gains.
MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)
MicroStrategy&#8217;s stock rose slightly by 0.83% to close at $1,292.97. The company reported its first-quarter financial results after the bell Monday, revealing that it now holds 214,400 Bitcoins (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). The results showed a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38503135/microstrategy-reports-q1-results-company-holds-214-400-bitcoins">year-over-year</a> decrease of 5.51% in quarterly sales, missing the analyst consensus estimate.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares soared by 15.31% to $194.05 following the company&#8217;s achievement in passing a significant milestone for its full self-driving (FSD) technology in China. The news sparked a <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38506689/teslas-fsd-nod-win-seen-as-move-to-smooth-over-chinese-evs-entry-into-the-us-market-says">dramatic rally</a> in Tesla&#8217;s share price.
Photo by Jirapong Manustrong on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/04/38481364/chinas-big-banks-halt-russia-transactions-over-us-sanctions-forcing-firms-to-resort-to-underground-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China&#8217;s Big Banks Halt Russia Transactions Over US Sanctions, Forcing Firms To Resort To &#8216;Underground&#8217; Channels: Report</a>
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$BTC

AMZN

MSTR

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SOFI

TSLA

Mullen Automotive, Amazon, SoFi, MicroStrategy, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Tesla and SpaceX CEO Elon Musk has acknowledged <a href="https://www.benzinga.com/general/entertainment/24/04/38362990/taylor-swifts-the-tortured-poets-department-hits-1-6m-us-sales-sets-spotify-on-fire-with-ov">the remarkable achievement</a> of pop sensation Taylor Swift on his social media platform.
What Happened: On Monday, Musk took to X, formerly known as Twitter, to recognize Swift&#8217;s historic feat. The pop star became the first artist ever to occupy all 14 spots on the #Hot100 chart simultaneously. 
Swift&#8217;s songs that made it to the top 14 are: &#8220;Fortnight&#8221; featuring Post Malone, &#8220;Down Bad,&#8221; &#8220;I Can Do It With a Broken Heart,&#8221; &#8220;The Tortured Poets Department,&#8221; &#8220;So Long, London,&#8221; &#8220;My Boy Only Breaks His Favorite Toys,&#8221; &#8220;But Daddy I Love Him,&#8221; &#8220;Florida!!!&#8221; featuring Florence Welch, &#8220;Who&#8217;s Afraid of Little Old Me?,&#8221; &#8220;Guilty as Sin?,&#8221; &#8220;Fresh Out the Slammer,&#8221; &#8220;loml,&#8221; &#8220;The Alchemy,&#8221; and &#8220;The Smallest Man Who Ever Lived.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38471231/strong-quarterly-earnings-fuel-market-optimism-despite-inflation-concerns-slowing-economic-growt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Giving Up On Alcohol Doesn&#8217;t Mean Giving Up On Social Life: 5 Flavorful Alternatives That Made Sobriety Socially Satisfying</a>
Swift, in response to the Billboard&#8217; post on X, expressed her gratitude, saying, &#8220;You've outdone yourselves, this is unbelievable.&#8221;
Musk, who admitted that he may not be Swift&#8217;s typical audience, acknowledged her achievement, replying, &#8220;I'm not quite the target audience, but nonetheless very Impressive indeed!&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm not quite the target audience, but nonetheless very Impressive indeed!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1785012310328926259?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Why It Matters: This isn&#8217;t the first time <a href="https://www.benzinga.com/general/entertainment/23/06/32806663/elon-musks-now-deleted-tweet-compares-taylor-swift-to-napoleon-dynamite-swifties-erupt-in-o">Musk has publicly acknowledged Swift</a>. Last year, he compared Swift to Napoleon Dynamite in a post, sparking outrage among her fans. However, even then, he admitted being a Swift fan. &#8220;Am TS fan &#8211; of course &#8211; but how do we know for sure they&#8217;re different people,&#8221; he stated in a now deleted post. 
Meanwhile, Musk&#8217;s tech industry rival, Mark Zuckerberg, has also shown his admiration for Swift. In 2023, <a href="https://www.benzinga.com/general/entertainment/23/07/33477808/zuckerberg-has-bad-blood-with-musk-but-love-story-with-taylor-swift-attends-concert-with-be">Zuckerberg attended a Swift concert</a> with his family captioning the photos as &#8220;Life of a girl dad.&#8221; In the photos he shared from the concert on Instagram, the Meta CEO can be seen sporting friendship bracelets. 
Earlier this month, Zuckerberg also gave a shoutout to <a href="https://www.benzinga.com/general/entertainment/24/04/38420776/mark-zuckerberg-gives-shoutout-to-taylor-swifts-debut-on-threads-says-that-one-was-a-big-de">Swift&#8217;s debut on his social media platform</a>, Threads, saying, &#8220;That one was a big deal in my house.&#8221; 
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38474588/elon-musk-claps-back-at-facebook-co-founders-consumer-fraud-accusations-against-tesla-should-go-to-j?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bill Gates Shares Heartwarming Scuba Diving Photo With Daughter On Her 28th Birthday: &#8216;I&#8217;m In Awe Of How You Dive Headfirst Into Everything.&#8217;</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Entertainment

Not Only Mark Zuckerberg, Elon Musk Too Is Enamored By Taylor Swift — Tesla CEO Lauds Pop Sensation For Creating History By Occupying All 14 Spots Of Hot100

In his recent Lightning Round segment, CNBC&#8217;s Jim Cramer advised investors to consider Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) stock, despite the current market turbulence.
What Happened: Cramer, the host of &#8220;Mad Money,&#8221; gave his opinion on a few stocks during his show on Monday. He recommended Palo Alto Networks, a cybersecurity company, as a strong buy, <a href="https://www.cnbc.com/2024/04/29/cramers-lightning-round-palo-alto-networks-is-a-buy.html">reported</a> CNBC.
"&#8230;I would be a buyer of Palo Alto right here, right now [buy, buy, buy!]," Cramer said. 
He also shared his thoughts on other companies, including Canopy Growth, Illumina, Bank of America, Dynatrace, and BrightSpring Health Services.
Earlier in March, Cramer had <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38179803/jim-cramer-weighs-in-on-feds-interest-rate-cut-plans-dont-hold-your-breath-this-eco">highlighted</a> the strong performance of the U.S. stock market, attributing it to the Federal Reserve&#8217;s indication of three expected interest rate cuts that year.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38476692/as-bitcoin-plunges-whale-makes-waves-with-77-67m-deposit-into-kraken?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">As Bitcoin Plunges, Whale Makes Waves With $77.67M Deposit Into Kraken</a>
Why It Matters: Palo Alto Networks&#8217; stock has been through a rollercoaster ride in 2024. In March, the stock was <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37903788/jim-cramer-sees-opportunity-in-palo-alto-networks-after-stock-is-overly-punished-in">overly punished</a>, according to Cramer, but he saw an opportunity in it. The stock has since seen a significant recovery. In April, Cramer advised investors to <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38105111/jim-cramer-nothing-terrific-about-gitlab-but-rocket-time-to-ka-ching-ka-ching">consider buying the stock</a> despite the market volatility.
Palo Alto Networks Price Action: On Monday, the stock opened at $298.00, with a high of $303.89 and a low of $291.83. The closing price was $293.41, a 0.71% increase from the previous day&#8217;s close of $291.42. The stock&#8217;s 52-week high was $380.84, and the low was $176.3025. The trading volume was 2,990,255. The stock&#8217;s performance can be tracked <a href="https://www.benzinga.com/stock-quotes/PANW">on Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478293/shiba-inus-burn-rate-soars-cathie-wood-believes-ethereum-could-catch-up-to-bitcoin-and-mor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More</a>
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PANW

Jim Cramer On Palo Alto Networks: 'I Would Be A Buyer…Right Here, Right Now'

The economic outlook for 2024 is taking an unexpected turn as economists at Macquarie have revised their predictions for interest rates, now suggesting a potential hike.
What Happened: In a recent note, Macquarie&#8217;s strategists indicated that the likelihood of a Federal Reserve interest rate cut in 2024 is minimal, with the possibility of an interest rate hike, <a href="https://www.businessinsider.in/policy/economy/news/why-economists-who-originally-expected-multiple-deep-rate-cuts-in-2024-now-say-a-hike-is-possible/articleshow/109703374.cms">reported</a> Business Insider.
The economists had previously projected a series of significant rate cuts, driven by a slowdown in core inflation and a concerning rise in unemployment. However, the economic landscape has since shifted, with signs of inflation rebounding and a resilient U.S. economy, primarily fueled by consumer activity.
&#8220;Fresh U.S. data has prompted our U.S. economist to push out his projection of the start of the Fed&#8217;s easing cycle to 2025. We also don&#8217;t rule out that the next change may be a hike, which would prompt a new wave of broad-based U.S. dollar strength,&#8221; Macquarie said in a note on Monday.
The recent release of first-quarter GDP growth and PCE inflation data has further indicated persistent inflation and strong corporate earnings, suggesting a solid foundation for the U.S. economy.
See Also: <a href="https://www.benzinga.com/general/macro-notification/24/04/38491988/federal-reserve-meeting-preview-high-interest-rates-need-more-time-to-work-bank-of-ame?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Federal Reserve Meeting Preview: High Interest Rates &#8216;Need More Time To Work,&#8217; Bank of America Says</a>
These developments have led to a notable change in interest rate forecasts, with the Federal Reserve itself suggesting that its initial projection of three interest rate cuts for the year could diminish to just one or even none.
&#8220;We expect, in any case, that the Fed&#8217;s communications after the FOMC meeting this week will have a uniformly hawkish tone, conveyed primarily through the Statement,&#8221; Macquarie said.
&#8220;What is increasingly ominous too is the prospect that the next policy rate change may be a hike, even if the policy bias at the Fed is unchanged. Even if stock investors ignore that &#8211; on the premise that it would be just an offset to better nominal growth in the U.S. &#8211; the threat of a hike certainly would prompt a new wave of broad-based USD strength,&#8221; Macquarie said.
Why It Matters: This shift in interest rate forecasts is in line with recent developments in the Federal Reserve&#8217;s policy. Federal Reserve Chair Jerome Powell recently hinted at the possibility of a prolonged period of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38285563/jerome-powell-back-in-hawkish-policy-lane-why-economists-feel-feds-higher-for-longe">restrictive monetary policy</a>, leading economists to anticipate a &#8220;higher for longer&#8221; approach.
Despite recent inflation surprises, the Federal Reserve has not shown confidence in considering interest rate reductions, leading to a scenario of <a href="https://www.benzinga.com/general/macro-notification/24/04/38491988/federal-reserve-meeting-preview-high-interest-rates-need-more-time-to-work-bank-of-ame">higher-for-longer interest rates</a>, as highlighted by Bank of America&#8217;s U.S. economist Michael Gapen.
This decision has sparked a debate over its potential impact on the U.S. economy, with concerns raised about the possibility of maintaining <a href="https://www.benzinga.com/news/24/04/38425604/feds-high-interest-rate-policy-spurs-debate-over-economic-impact-this-is-the-path-of-a-potential-pro">high-interest rates</a> throughout 2024.
The most recent Federal Reserve rate hike took place during the FOMC Meeting on Jul. 26, resulting in a 25 basis point increase in the Federal Funds Rate, which rose from 5.25% to 5.50%. Following this adjustment, the S&amp;P 500 was at 4,566 on Jul. 26.
However, the index experienced a sustained decline until Oct. 27, hitting a low of 4,117. Subsequently, there was a significant resurgence in the S&amp;P 500, reaching a peak of 5,254 on Mar. 28. As of the present, the index is trading at 5,116.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/04/38494691/japan-intervenes-to-support-struggling-yen-why-did-it-trigger-nikkei-225-dip-4-charts-to-watch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Futures Dip? 4 Charts To Watch</a>
Image Via Shutterstock 
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Analyst Color

Federal Reserve

Another Rate Hike Coming In 2024? Macquarie Economists Reverse Forecast: Warn Of 'Increasingly Ominous' Policy Rate Change

Whistleblower Edward Snowden&#8217;s recent poll on X, formerly Twitter, suggests a significant number of people desire a fresh face for the next U.S. President, rather than the current options.
What Happened: On Monday, Snowden posted a poll on X, asking his followers who they would prefer as the next president. The poll, which garnered over 1.7 million views and over 132,000 votes, showed that 88.7% of respondents preferred &#8220;Neither Trump nor Biden,&#8221; while only 11.3% chose &#8220;Either Trump or Biden.&#8221;
There were four days left for the poll to close, at the time of writing.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A genie appears, and your wish determines the next US President. Who do you want?
&mdash; Edward Snowden (@Snowden) <a href="https://twitter.com/Snowden/status/1784315792449781853?ref_src=twsrc%5Etfw">April 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/04/38482843/americans-split-on-biden-vs-trump-but-nearly-half-of-all-voters-crave-an-alternative-new-poll-shows?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Americans Split On Biden Vs. Trump — But Nearly Half Of All Voters Crave An Alternative, New Poll Shows</a>
Why It Matters: This poll comes in the wake of Snowden&#8217;s previous comments on both President Biden and his predecessor Trump. Snowden has previously criticized the president for <a href="https://www.benzinga.com/news/24/02/37384159/edward-snowden-isnt-happy-biden-skipped-cognitive-testing-during-medical-exam-white-house-medical-st">skipping a cognitive assessment</a> during his annual physical examination and <a href="https://www.benzinga.com/news/24/04/38328257/edward-snowden-compares-biden-ordering-a-milkshake-to-jordan-at-the-top-of-his-game">compared Biden&#8217;s visit</a> to a Wawa convenience store in Philadelphia to &#8220;watching Jordan at the top of his game.&#8221;
Snowden&#8217;s poll and his previous comments reflect a growing sentiment among Americans for an alternative presidential candidate. A recent survey by Pew Research Center revealed that while Biden and Trump are virtually tied in terms of support, nearly half of all voters crave an alternative. Snowden&#8217;s poll, with its overwhelming preference for a new candidate, seems to echo this sentiment.
Furthermore, Snowden&#8217;s criticism of both Biden and Trump, as well as his assertion that they, along with Hillary Clinton, have all &#8220;<a href="https://www.benzinga.com/news/23/01/30366014/edward-snowden-says-trump-biden-hillary-all-mishandled-classified-papers-but-system-excuses-crimes-b">mishandled&#8221; classified documents</a>, suggests a disillusionment with the current political elite.
Photo Courtesy: Gage Skidmore on Flickr
Read Next: <a href="https://www.benzinga.com/news/24/04/38479283/ex-trump-aide-says-melania-trump-not-happy-with-latest-revelations-in-hush-money-trial?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-Trump Aide Says Melania Trump &#8216;Not Happy&#8217; With Latest Revelations In Hush-Money Trial</a>
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Politics

General

Edward Snowden Releases 'Genie' Out Of The Bottle, His Ongoing Poll Shows People Want 'Neither Trump Nor Biden'

Samsung Electronics Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) has announced a nearly tenfold surge in its first-quarter operating profit. The significant increase is primarily attributed to a strong recovery in the company&#8217;s chip business.
What Happened: Samsung Electronics&#8217; semiconductor division registered an operating profit of 1.9 trillion won ($1.3 billion) in the first quarter, bouncing back after five consecutive quarters of losses, <a href="https://koreajoongangdaily.joins.com/news/2024-04-30/business/industry/Samsung-Electronics-reports-nearly-tenfold-profit-surge-in-Q1-/2036580">reported</a> Korea JoongAng Daily.
The tech giant disclosed on Tuesday that its operating profit for the first quarter stood at 6.6 trillion won, a staggering 931.9% increase compared to the same period last year. The company&#8217;s revenue for the quarter was 71.9 trillion won, marking a 12.8% year-on-year rise.
See Also: <a href="https://www.benzinga.com/news/24/04/38480519/trump-vs-biden-new-poll-reveals-shift-in-2024-race-as-public-divided-on-presidents-legacies?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Biden: New Poll Reveals Shift In 2024 Race As Public Divided On Presidents&#8217; Legacies</a>
The Device Solutions (DS) division, which oversees the chip business, reported a revenue of 23.1 trillion won, a significant 68% increase from the previous year. The division&#8217;s profit shifted from a loss of 4.6 trillion won a year ago to a profit of 1.91 trillion won in Q1.
&#8220;Samsung Electronics was able to realize qualitative growth and turn to profit for the memory chip business on the back of handling demands for value-added products such as HBM, DDR5, SSD for server and UFS4.0,&#8221; the company said in a <a href="https://news.samsung.com/global/samsung-electronics-announces-first-quarter-2024-results?utm_source=mainkv&amp;utm_medium=internal" target="_blank" rel="noreferrer noopener">statement</a>.
On the other hand, the Mobile Experience (MX) division, responsible for the smartphone business, experienced a slight 0.4% year-on-year drop in profit, recording 3.51 trillion won.
Why It Matters: Samsung&#8217;s impressive first-quarter performance, particularly in the semiconductor business, signifies a strong recovery from a period of consecutive losses. The company&#8217;s ability to meet the demand for value-added products has played a crucial role in this turnaround. However, the slight dip in the profit of the MX division indicates the challenges the company faces in the highly competitive smartphone market.
Price Action: Samsung Electronics rose 1.43% to 77,800 KRW at 10:53 a.m. Korean time in the local market.
Read Next: <a href="https://www.benzinga.com/news/24/04/38478689/amid-latest-indictments-former-trump-aide-slams-ex-president-over-treatment-of-bodies-around-him-he?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of &#8216;Bodies Around Him&#8217;: &#8216;He Takes Out Everybody Who Is Loyal To Him&#8217;</a>
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Samsung Electronics Posts A Whopping 931.9% Profit Jump In Q1

Michael Cohen, former attorney to Donald Trump, has been leveraging TikTok livestreams to discuss the ongoing hush money trial against the former President, attracting thousands of viewers and reportedly earning financial benefits from viewer donations.
What Happened: Cohen has been using the social media platform to discuss the trial and his former client, despite being a central figure in the case. His nightly livestreams have raised eyebrows among legal experts who argue that his actions could undermine his credibility as a witness, <a href="https://abcnews.go.com/US/michael-cohen-cashing-trump-trial-tiktok-livestreams-problem/story?id=109695141">reported</a> ABC News.
Former Georgia prosecutor Chris Timmons expressed his concern, stating, &#8220;As a prosecutor, the last thing you want your witness to do is to be talking about the case in a forum other than the courtroom.&#8221; Jeremy Saland, a defense attorney, suggested that Cohen&#8217;s actions could potentially benefit Trump&#8217;s defense team.
See Also: <a href="https://www.benzinga.com/news/24/04/38482843/americans-split-on-biden-vs-trump-but-nearly-half-of-all-voters-crave-an-alternative-new-poll-shows?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Americans Split On Biden Vs. Trump — But Nearly Half Of All Voters Crave An Alternative, New Poll Shows</a>
Despite the criticism, Cohen has continued his livestreams, even after announcing on social media that he would &#8220;cease commenting on Trump and this matter.&#8221; His decision to continue discussing the trial has been met with approval from his viewers, who have made monetary donations during his streams.
However, the financial aspect of Cohen&#8217;s livestreams has been flagged as problematic. Timmons noted, &#8220;Anytime there&#8217;s money involved with a witness it&#8217;s a bad thing, because the jury is going to think this person is saying these things in court because they have a financial motive, not a motive of the truth.&#8221;
Despite the controversy, Cohen remains unapologetic about his actions, stating, &#8220;I am not the defendant in this criminal matter and am not the subject of Judge Merchan&#8217;s gag order. Donald is.&#8221;
Why It Matters: Despite <a href="https://www.benzinga.com/news/24/04/38426995/former-trump-attorney-vows-to-cease-public-criticism-of-ex-president-until-hush-money-trial-is-over">pledging to cease</a> public commentary about Trump until after the trial, Cohen has continued his TikTok livestreams. His actions have raised concerns among legal experts, who worry that his public commentary could provide additional material for Trump&#8217;s defense team during cross-examination.
Cohen&#8217;s role in the hush money trial has been a focal point, with his testimony potentially playing a <a href="https://www.benzinga.com/news/24/04/38240217/michael-cohen-suggests-public-will-be-surprised-by-bombshell-evidence-in-donald-trumps-hush-money-tr">pivotal role</a> in the case&#8217;s outcome. 
Photo by a katz on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38477167/trumps-niece-says-ex-president-could-face-criminal-charges-over-his-pacs-sketchy-transactions-donald?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President Could Face Criminal Charges Over His PACs&#8217; Sketchy Transactions: &#8216;Donald&#8217;s Legal Quagmire Deepens&#8217;</a>
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Trump Ex-Attorney Michael Cohen's Tiktok Livestreams On Hush Money Trial Draw Thousands, Attract Criticism: 'Anytime There's Money Involved...'

Sam Altman-led OpenAI has made its &#8220;Memory&#8221; feature&nbsp;available to all ChatGPT Plus&nbsp;subscribers, enabling the AI model to remember previous conversations and user-supplied insights.
What Happened: On Monday, OpenAI announced the expansion of its Memory feature to all ChatGPT Plus subscribers. This feature allows the AI chatbot to retain user-supplied insights or information, which can be used to generate future responses.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Memory is now available to all ChatGPT Plus users. Using Memory is easy: just start a new chat and tell ChatGPT anything you'd like it to remember. Memory can be turned on or off in settings and is not currently available in Europe or Korea. Team, Enterprise, and GPTs to come. <a href="https://t.co/mlt9vyYeMK">pic.twitter.com/mlt9vyYeMK</a>
&mdash; OpenAI (@OpenAI) <a href="https://twitter.com/OpenAI/status/1784992796669096181?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
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For instance, in a demo video, ChatGPT remembers personal details such as the user&#8217;s pets, travel plans, and family members. When the user asks the chatbot to create a photo of their pets riding a surfboard, ChatGPT uses this information&nbsp;to generate the image without further direction.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38488085/metas-chief-ai-scientist-reveals-mark-zuckerberg-was-snubbed-from-bidens-ai-safety-institute-elon-mu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta&#8217;s Chief AI Scientist Reveals Mark Zuckerberg Was &#8216;Snubbed&#8217; From Biden&#8217;s AI Safety Institute; Elon Musk Also Missing From The List</a>
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: OpenAI had initially&nbsp;<a href="https://www.benzinga.com/news/24/02/37102655/chatgpt-will-remember-you-new-memory-upgrade-will-make-ai-interactions-more-personal">tested the feature earlier</a> this&nbsp;year and has since made improvements. The AI tool now notifies users when it uses their inputs to update memories. It also allows users to manage their memories by viewing and editing their Memory history.
Users can turn the Memory feature on or off in settings and delete their memories if they wish. 
To activate this feature, begin by selecting your profile located in the bottom left corner of the screen. Next, navigate to Settings, then Personalization, and toggle the Memory option to your preference. If you choose &#8220;Manage,&#8221; you&#8217;ll gain access to view all your saved memories and adjust them accordingly.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29214159/Screenshot-2024-04-30-at-7.11.44%E2%80%AFAM-1024x692.png" alt="" class="wp-image-314269" /></figure>
Photo Courtesy: Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38474588/elon-musk-claps-back-at-facebook-co-founders-consumer-fraud-accusations-against-tesla-should-go-to-j?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Claps Back At Facebook Co-Founder&#8217;s Consumer Fraud Accusations Against Tesla: &#8216;Should Go To Jail For Impersonating A Smart Person&#8217;</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

OpenAI's ChatGPT Unveils 'Memory' Feature For All Plus Subscribers: Here's How It Works

European Commission president&nbsp;Ursula von der Leyen&nbsp;has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37886126/kevin-oleary-wants-to-buy-tiktok-and-is-scouting-for-investment-an-interesting-deal">suggested that a ban</a> on&nbsp;TikTok&nbsp;in the EU is&nbsp;a possibility.
What Happened: Von der Leyen made the statement during a debate in Maastricht on Monday, where the lead candidates for the 2024 EU election were discussing various issues,&nbsp;<a href="https://www.politico.eu/article/tiktok-ban-in-eu-is-not-excluded-von-der-leyen-says/">reported</a>&nbsp;Politico. 
The moderator had referenced the situation in&nbsp;the U.S., where <a href="https://www.benzinga.com/news/24/04/38394855/biden-set-to-sign-tiktok-ban-into-law-after-senate-passes-bill-supported-by-gop-democrats">TikTok&nbsp;is facing a potential national ban</a> after President Joe Biden <a href="https://www.benzinga.com/markets/asia/24/04/38418913/tiktok-fights-back-we-arent-going-anywhere-whats-next-for-users">signed the bill last week</a>, unless its owner,&nbsp;ByteDance, sells the platform.
&#8220;It is not excluded,&#8221; von&nbsp;der Leyen said, before adding&nbsp;that the Commission was &#8220;the&nbsp;very first institution worldwide to ban TikTok on our corporate&nbsp;phones.&#8221;
 &#8220;We know exactly the danger of TikTok,&#8221; she said. 
See Also:&nbsp;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: This statement comes amid a series of setbacks&nbsp;for TikTok in Europe. Last&nbsp;week, the platform suspended&nbsp;a <a href="https://www.benzinga.com/government/24/04/38445920/tiktok-will-stop-paying-people-for-using-the-app-after-eu-raised-addiction-concerns">feature that rewarded users</a>&nbsp;for engaging&nbsp;with the TikTok Lite app,&nbsp;following an investigation by the Commission under&nbsp;the Digital Services Act or DSA.
TikTok is also under a separate DSA probe&nbsp;for alleged <a href="https://www.benzinga.com/news/24/02/37204761/tiktok-under-investigation-over-possible-violations-of-child-protection-rules-by-the-eu">failures to protect&nbsp;minors</a>. Under the DSA, the&nbsp;Commission has the authority to&nbsp;order the temporary suspension of&nbsp;a service as a last&nbsp;resort.
Meanwhile, TikTok&#8217;s parent company, ByteDance, has&nbsp;<a href="https://www.benzinga.com/news/24/04/38500093/tiktok-ban-courts-must-decide-whether-national-security-concerns-trump-freedom-of-expression">indicated a preference</a>&nbsp;for a shutdown or ban over selling the platform in the U.S. In a video, TikTok CEO&nbsp;Shou Chew&nbsp;promised that the company would first fight the ban in court.
Some observers contend that implementing a ban could potentially advantage the primary competitors of the platform in the U.S., such as Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), both of which have members of <a href="https://www.benzinga.com/news/23/03/31521439/conflict-of-interest-congress-members-who-own-meta-goog-snap-shares-could-benefit-from-tiktok-ban">Congress among their investors</a>.
Photo by XanderSt on Shutterstock
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>.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/04/38471231/strong-quarterly-earnings-fuel-market-optimism-despite-inflation-concerns-slowing-economic-growt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/news/24/04/38488085/metas-chief-ai-scientist-reveals-mark-zuckerberg-was-snubbed-from-bidens-ai-safety-institute-elon-mu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta&#8217;s Chief AI Scientist Reveals Mark Zuckerberg Was &#8216;Snubbed&#8217; From Biden&#8217;s AI Safety Institute; Elon Musk Also Missing From The List</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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