Pasofino Gold (OTC:EFRGF) Stock, Quote.Headers.trade-ideas

Pasofino Gold Ltd is a Canada-based gold exploration company. It is engaged in the business of acquisition, exploration, and development of mineral properties located in Quebec, Canada. The company's projects consist of the Dugbe Gold Project in Liberia.

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Markets

ENFORCER GOLD CORP ORD by Enforcer Gold Corp.

EFRGF

TSXV:V

What Makes Liberia Ideal For Gold Mining?

Screenshot 2025-01-17 at 6.47.56 PM

How Pasofino Gold Is Leveraging Gold Potential In Mining-Friendly Liberia Through Its Scalable Project

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News

Pasofino Gold Enters Into Exclusive Agreement For $75 Million Cash Acquisition Offer

Pasofino Gold Ltd

Nidec (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NJDCY#OTC">NJDCY</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.07 by 20 percent. This is a 40 percent increase over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $4.278 billion which missed the analyst consensus estimate of $4.480 billion by 4.51 percent. This is a 6.39 percent increase over sales of $4.021 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

NJDCY

Nidec Q3 2024 GAAP EPS $0.08 Beats $0.07 Estimate, Sales $4.278B Miss $4.480B Estimate

Billionaire Elon Musk-led Department of Government Efficiency has set its sights on an unexpected target: the U.S. penny, highlighting the coin&#8217;s staggering production costs that <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43095721/dogecoin-up-2-after-logo-appears-on-doge-department-site">exceed its face value</a>.
What Happened: In a recent X post, DOGE revealed that pennies cost over 3 cents to manufacture, resulting in $179 million in taxpayer expenses during fiscal year 2023. The U.S. Mint produced 4.5 billion pennies last year, representing approximately 40% of total coin circulation.
Current production costs render each penny economically inefficient. The coin&#8217;s composition — 97.5% zinc and 2.5% copper plating — costs more to create than its one-cent value. The U.S. Mint&#8217;s latest reports confirm the penny&#8217;s production expense at 3.07 cents per coin.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The penny costs over 3 cents to make and cost US taxpayers over $179 million in FY2023. The Mint produced over 4.5 billion pennies in FY2023, around 40% of the 11.4 billion coins for circulation produced. Penny (or 3 cents!) for your thoughts. Sources:<a href="https://t.co/Y5LlrpyA62">https://t.co/Y5LlrpyA62</a>…
&mdash; Department of Government Efficiency (@DOGE) <a href="https://twitter.com/DOGE/status/1881928086305870127?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/entertainment/25/01/43150781/netflix-crushed-q4-thanks-to-sports-squid-game-says-gary-black-analyst-highlights-low-attrition-despite-price-hikes-predicts-stock-upside">Netflix Crushed Q4 Thanks To Sports, Squid Game, Says Gary Black: Analyst Highlights Low Attrition Despite Price Hikes, Predicts Stock Upside</a>
Why It Matters: Musk&#8217;s critique arrives amid growing debates about the penny&#8217;s relevance. Economic experts have long argued that maintaining low-denomination coins creates unnecessary financial burden. Several allied nations, including Canada and the United Kingdom, have already eliminated similar low-value coins.
The penny&#8217;s production involves a complex six-step process across four U.S. Mint facilities, with parts and labor accounting for 88% of manufacturing costs. Technological advancements and potential composition changes could offer future cost-reduction strategies.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/25/01/43152468/cnn-prepares-to-lay-off-hundreds-amid-warner-bros-discoverys-digital-overhaul-and-industry-wide-shift-report">CNN Prepares To Lay Off Hundreds Amid Warner Bros. Discovery&#8217;s Digital Overhaul And Industry-Wide Shift: Report</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Elon Musk's DOGE Takes Aim At The US Penny Citing Soaring Production Costs

McCormick &amp; Company, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) will release its fourth-quarter financial results, before the <a href="https://www.benzinga.com/quote/MKC/earnings">opening bell, on Thursday, Jan. 23, 2025.</a>
Analysts expect the Hunt Valley, Maryland-based company to report quarterly earnings at 77 cents per share, down from 85 cents per share in the year-ago period. McCormick projects quarterly revenue of $1.77 billion, compared to $1.75 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Nov. 19, 2024, McCormick raised its quarterly dividend from 42 cents to 45 cents per share on its common stock.
McCormick shares fell 1.4% to close at $73.24 on Wednesday&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .
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/MKC/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>JP Morgan analyst Ken Goldman maintained an Underweight rating and cut the price target from $68 to $66 on Jan. 15, 2025. This analyst has an accuracy rate of 76%.</li>
<li>TD Cowen analyst Robert Moskow upgraded the stock from Hold to Buy and raised the price target from $86 to $90 on Jan. 8, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Jefferies analyst Rob Dickerson upgraded the stock from Hold to Buy and raised the price target from $85 to $91 on Dec. 9, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Argus Research analyst John Staszak upgraded the stock from Hold to Buy with a price target of $88 on April 2, 2024. This analyst has an accuracy rate of 68%.</li>
</ul>
Considering buying MKC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="579" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23025203/image-159-1024x579.png" alt="" class="wp-image-746235" style="width:460px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23025203/image-159-1024x579.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23025203/image-159-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23025203/image-159-768x435.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23025203/image-159.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/01/43126364/jim-cramer-this-tech-stock-is-a-buy-amd-is-a-great-company">Jim Cramer: AMD Is A &#8216;Great&#8217; Company, Hold Onto Dow Inc.</a></li>
</ul>

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

McCormick Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Sandvik (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SDVKY#OTC">SDVKY</a>) reported quarterly earnings of $0.30 per share. This is a 0.67 percent increase over earnings of $0.30 per share from the same period last year. The company reported $2.98 billion in sales this quarter. This is a 0.13 percent decrease over sales of $2.99 billion the same period last year.

SDVKF

SDVKY

Sandvik Q4 Adj. EPS $0.302 Up From $0.30 YoY, Sales $2.984B Down From $2.99B YoY

The CNN Money Fear and Greed index showed further improvement in overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the S&amp;P 500 surging to a new all-time high during the session.
Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reported stronger-than-expected fourth-quarter financial results on Tuesday. Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) posted better-than-expected second-quarter financial results. Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) reported fourth-quarter sales of $10.97 billion, up 7.2% year over year, missing the consensus of $11.01 billion.
On the economic data front, U.S. mortgage applications rose 0.1% from the previous week in the week ending Jan. 17.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, real estate, and energy stocks recording losses on Wednesday. However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 131 points to 44,156.73 on Wednesday. The S&amp;P 500 rose 0.61% to 6,086.37, while the Nasdaq Composite climbed 1.28% at 20,009.34 during Wednesday's session.
Investors are awaiting earnings results from GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), and Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 43.3, the index remained in the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 41.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/43126364/jim-cramer-this-tech-stock-is-a-buy-amd-is-a-great-company">Jim Cramer: AMD Is A &#8216;Great&#8217; Company, Hold Onto Dow Inc.</a></li>
</ul>
Photo courtesy: Shutterstock

NFLX

S&P 500 Hits New Record As Netflix Reports Strong Results: Investor Sentiment Improves But Greed Index Remains In 'Fear' Zone

Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) reported quarterly earnings of $0.36 per share. This is a 9.09 percent increase over earnings of $0.33 per share from the same period last year. The company reported $2.02 billion in sales this quarter. This is a 3.94 percent increase over sales of $1.94 billion the same period last year.

Chunghwa Telecom Q4 EPS $0.36 Up From $0.33 YoY, Sales $2.02B Up From $1.94B YoY

Elon Musk&#8216;s <a href="https://www.benzinga.com/markets/equities/25/01/43150976/dan-ives-raises-tesla-price-target-to-550-sees-golden-era-for-elon-musk-under-trump-sees-bull-case-upside-of-over-56-if-optimus-robot-counted-in-valuation">Tesla Inc</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) could deliver a &#8220;choppy&#8221; first half given headwinds from Donald Trump&#8216;s new electric vehicle policies, uncertainties in deliveries, and automotive gross margin. However, this Piper Sandler analyst describes the EV maker as its number one &#8220;buy-and-hold idea&#8221;.
The Piper Sandler Analyst: Alexander Potter maintained his ‘overweight' rating and raised its target price to $500 from $315 apiece, representing a 20.45% increase from its current price level of $415.11, as of Wednesday&#8217;s close.
The Analyst Takeaways: According to the Piper Sandler note, Tesla&#8217;s success in the near future depends on two key things:
<ul>
<li>How many cars they sell: Tesla plans to release new vehicles soon, but the exact timing is uncertain. This makes it hard to predict how many cars they will sell in 2025, says the note. While there&#8217;s a chance they might sell fewer cars than expected, it&#8217;s unlikely to see clear evidence of this until the upcoming earnings call on Jan. 29.</li>
</ul>
<ul>
<li>How much profit they make on each car: Piper Sandler is more optimistic about Tesla&#8217;s profit margins. As long as they continue to release new products as planned, they expect their profitability to remain strong.</li>
<li></li>
</ul>
Also, the note adds that Tesla&#8217;s future success hinges on emerging technologies like Optimus robots and AI-powered services. Since valuing these uncertain revenue streams is challenging, Piper Sandler has adopted a price-to-earnings approach over a discounted cash flow approach, which measures a stock&#8217;s intrinsic value in a constant growth environment.
Piper Sandler&#8217;s $500 price target assumes a P/E of 120 for 2026 earnings.
The note added that over the next year, the analyst expects investors to gain a clearer understanding of Tesla&#8217;s new product rollout.
Why It Matters: Apart from the factors mentioned in the research note, President Trump&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43147598/ev-stocks-are-falling-today-whats-going-on">revocation</a> of Joe Biden&#8216;s EV targets, freezing the EV infrastructure funding, and proposals of repealing tax credits, could raise concerns.
See Also: <a href="https://www.benzinga.com/25/01/43151994/tesla-to-hike-car-prices-in-canada-by-as-much-as-c9000">Tesla To Raise Prices In Canada: Model 3 Sees Up To $6,200 Hike </a>
Price Action: Tesla&#8217;s stock fell by 0.32% in after-hours trading on Wednesday. Over the past year, TSLA has experienced a notable growth of 98.48%.
The stock&#8217;s 52-week range is between $488.54 and $138.80. With a market capitalization of $1.33 trillion, TSLA's forward price-to-earnings ratio of 119.048 is higher than the industry average of 25.750 and it has a relative strength index of 52.72, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Tesla has a consensus &#8216;hold&#8217; with a price target of $308.4, according to the 34 <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">analysts tracked by Benzinga</a>. The high target is $550, and the low is $24.86. Recent ratings by Wedbush, Piper Sandler, and Barclays suggest a $458.33 target, implying a 10.77% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="385" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23015518/Tesla-ANR-1024x385.png" alt="" class="wp-image-746106" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23015518/Tesla-ANR-1024x385.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23015518/Tesla-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23015518/Tesla-ANR-768x289.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23015518/Tesla-ANR.png 1060w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/management/25/01/43073354/warren-buffett-openly-called-bitcoin-a-rat-poison-in-2018-7-years-later-he-is-invested-in-this-crypto-linked-stock-which-soared-27-in-2024">Warren Buffett Openly Called Bitcoin A &#8216;Rat Poison&#8217; In 2018. 7 Years Later, He Is Invested In This Crypto-Linked Stock Which Soared 27% In 2024 </a></li>
</ul>

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Long Ideas

Market Summary

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General

TSLA

Tesla Set For A 'Choppy' First Half Amid New EV Policies, But This Analyst Sees 20% Upside For Elon Musk's EV Company With A $500 Price Target

The launch of President Donald Trump&#8217;s meme coin and its meteoric rise to tens of billions of dollars in valuation has generated astonishment unlike anything seen before.
What happened: The Official Trump (TRUMP) coin reached a fully diluted valuation of nearly $75 billion within two days of its launch, a feat that took <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43080060/donald-trump-and-melania-memecoins-combined-market-value-is-now-higher-than-that-of-warren-buffetts-hot-pick">several publicly listed corporations</a> years to achieve.
Take, for instance, tech giant Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). The Jeff Bezos-founded company may boast of a market capitalization of nearly $2.50 trillion today, but its growth in the nascent stages wasn't exactly exponential.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43119637/michael-saylors-proposal-to-increase-microstratagys-share-count-approved-by-shareholders-more-bitcoin-purchases-on-the-cards">Michael Saylor&#8217;s Proposal To Increase MicroStratagy&#8217;s Share Count Approved By Shareholders — More Bitcoin Purchases On The Cards?</a>
Amazon had its initial public offering on May 15, 1997, trading at $18 per share. It had a market valuation of a little over $11 billion by 1998.
The company <a href="https://www.benzinga.com/startups/24/10/41255752/jeff-bezos-says-all-overnight-success-takes-10-years-amazon-didnt-turn-a-profit-for-almost-a-decade">operated at a loss for years</a>, partly due to the dot-com bubble crisis, and it wasn&#8217;t until 2003 that it earned a full-year profit. Despite this, its market worth fluctuated between $10 billion and $30 billion for the remainder of the decade.&nbsp;
The stock finally took off at the dawn of the new decade and hit a $75 billion valuation in Oct. 2010. This means that it took Amazon more than 13 years to reach a market worth what President Trump's memecoin did in two days.
Why It Matters: While these analogies indeed evoke astonishment, one should exercise caution when comparing enterprises founded on a business strategy to assets that lack use cases, at least so far.
Aside from being linked with the U.S. president, the TRUMP meme coin has no practical application. It&#8217;s only being utilized as a speculative investment to record quick profits.
The result—<a href="https://www.benzinga.com/25/01/43088840/donald-and-melania-trump-memecoins-crash-after-presidential-inaugurationfirst-couples-crypto-wealth-plunges-36">a highly volatile asset</a>. Its fully diluted market capitalization, as mentioned earlier, has halved to $37 billion as of this writing.
On the other hand, Amazon has grown to become a trillion-dollar company, enabling Bezos to accumulate a multibillion-dollar fortune.
Price Action: At the time of writing, TRUMP was exchanging hands at $37.00, plunging 13.74% in the last 24 hours, <a href="https://coinmarketcap.com/currencies/official-trump/">according </a>to CoinMarketCap.
Shares of Amazon closed 1.86% higher at $235.01 during Wednesday&#8217;s regular trading session.
Image via Flickr
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43118234/president-trump-signs-executive-order-to-pardon-silk-road-creator-ross-ulbricht">President Trump Signs Executive Order To Pardon Silk Road Creator Ross Ulbricht</a></li>
</ul>

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

Cryptocurrency

Politics

AMZN

Trump Memecoin Achieved This Valuation Milestone Inside Two Days That Took Jeff Bezos' Amazon Over 13 Years

On Wednesday, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella addressed Elon Musk&#8217;s skepticism about the ambitious Project Stargate's <a href="https://www.benzinga.com/markets/equities/25/01/43121798/elon-musk-says-project-stargate-doesnt-actually-have-the-money-after-trump-announces-500-billion-ai-investment-led-by-softbank-oracle-and-openai">$100 billion funding potential</a>.
What Happened: In an interview with CNBC, Nadella said, "All I know is, I'm good for my $80 billion," referencing <a href="https://www.benzinga.com/25/01/42801720/microsoft-to-invest-80-billion-in-ai-data-centers-for-fiscal-2025">Microsoft's annual investment</a> in AI and cloud infrastructure.
This allocation will ensure Azure's global capabilities continue to expand, including support for OpenAI's models, he noted.
See Also:&nbsp;<a href="https://www.benzinga.com/25/01/43151196/samsung-google-team-up-to-develop-ar-glasses-entering-the-race-against-meta-and-apple">Samsung, Google Team Up On AR Glasses Development, Duo To Enter Race Against Meta And Apple</a>
&#8220;Any time a company that you've supported, and essentially were seed investor, raises money from others, it's a good day,&#8221; said Nadella, when asked how this venture can benefit Microsoft.
&#8220;It's a good day for OpenAI and a good day for Microsoft and our investors. Our partnership continues. We will be a tech partner to Stargate,&#8221; he added.
During the interview, Nadella was also asked about concerns raised by Salesforce CEO Marc Benioff regarding potential competition between Microsoft and OpenAI.
In response, the Microsoft CEO reiterated that the collaboration with ChatGPT-parent is foundational and mutually beneficial.&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.
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<iframe loading="lazy" title="Microsoft CEO Satya Nadella on $500B Stargate project: Our partnership with OpenAI continues" width="500" height="281" src="https://www.youtube.com/embed/lb_ZJylekWo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Why It Matter: The Stargate project, a joint venture between OpenAI, SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>), and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), has drawn scrutiny over its ambitious funding goals.
The venture represents a significant step in AI development and infrastructure in the U.S., with an initial private investment of $100 billion and the potential to grow to $500 billion over four years.
Following President Donald Trump's announcement, Musk said, "They don&#8217;t actually have the money," and later in a separate post stated, "SoftBank has well under $10B secured. I have that on good authority."
When Nadella's comment reached Musk, he replied by saying, &#8220;Satya definitely does have the money.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On the other hand, Satya definitely does have the money <a href="https://t.co/VGBObPG7fM">https://t.co/VGBObPG7fM</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1882303826214162580?ref_src=twsrc%5Etfw">January 23, 2025</a></blockquote>
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The project aims to construct data centers and power generation facilities to support advanced AI research and applications, marking a significant declaration of America's technological ambitions.
In October, Microsoft reported <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">first-quarter revenue</a> of $65.60 billion, marking a 16% increase compared to the same period in 2023, according to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103024&amp;t=be2bearmibe3na1">data from Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Media

MSFT

ORCL

SFTBF

SFTBY

Satya Nadella Stands Firm After Elon Musk Questions Stargate's $100 Billion Funding Potential: 'All I Know Is, I'm Good For My $80 Billion'

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) to report quarterly earnings at $1.04 per share on revenue of $9.60 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. GE Aerospace shares gained 0.1% to $188.50 in after-hours trading.</li>
<li>Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) reported worse-than-expected first-quarter sales results and issued second-quarter revenue guidance below estimates. Plexus shares dipped 9.5% to $154.23 in the after-hours trading session.</li>
<li>Analysts expect American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) to post quarterly earnings at 64 cents per share on revenue of $13.40 billion. The company will release earnings before the markets open. American Airlines shares gained 1.1% to $18.86 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) reported better-than-expected fourth-quarter adjusted earnings results. Knight-Swift Transportation shares gained 5.5% to $58.00 in the after-hours trading session.</li>
<li>Analysts expect Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) to post quarterly earnings at $2.78 per share on revenue of $6.14 billion before the opening bell. Union Pacific shares gained 0.6% to $237.15 in after-hours trading.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/25/01/43126364/jim-cramer-this-tech-stock-is-a-buy-amd-is-a-great-company"> </a>
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<li><a href="https://www.benzinga.com/25/01/43126364/jim-cramer-this-tech-stock-is-a-buy-amd-is-a-great-company">Jim Cramer: AMD Is A &#8216;Great&#8217; Company, Hold Onto Dow Inc.</a></li>
</ul>
Photo courtesy: Shutterstock

PLXS

GE Aerospace, American Airlines And 3 Stocks To Watch Heading Into Thursday

Warner Bros. Discovery&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) CNN is preparing to lay off hundreds of employees this week, reflecting the ongoing digital transformation in the news media landscape.
What Happened: The layoffs, expected Thursday, will help CNN refocus its business around a global digital audience while lowering production costs, CNBC reported, citing sources. 
With approximately 3,500 worldwide employees, the cuts will primarily consolidate teams and potentially relocate certain show productions to more cost-effective locations like Atlanta.
CNN CEO Mark Thompson recently disclosed an investment exceeding $70 million from Warner Bros. Discovery to fund digital operations, including strategic hiring in areas like data science and product development. In October, the network launched a digital paywall charging $3.99 monthly for heavy site users.
The media industry transformation continues as streaming and digital platforms increasingly replace traditional linear television. NBC News is also planning minor cuts this week, with job losses estimated at under 50 employees.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43151588/cathie-wood-was-asked-if-she-would-buy-trump-coin-heres-what-she-said">Cathie Wood Was Asked If She Would Buy TRUMP Coin, Here&#8217;s What She Said</a>
Why It Matters: This restructuring comes amid a challenging media landscape where streaming services like Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) are <a href="https://www.benzinga.com/general/education/25/01/43145703/netflix-worth-more-than-disney-paramount-comcast-fox-combined">dominating entertainment consumption</a>. 
Netflix recently reported record subscriber growth of 18.9 million in the fourth quarter, highlighting the industry&#8217;s dramatic shift.
Warner Bros. Discovery is simultaneously navigating complex challenges, including <a href="https://www.benzinga.com/general/entertainment/25/01/43017986/warner-bros-discovery-analyst-says-dtc-strength-wont-offset-joker-folie-a-deux-flop-nba-rights-concerns">underperformance of film properties</a> like &#8220;Joker: Folie a Deux&#8221; and the loss of NBA broadcast rights. 
Goldman Sachs analyst Michael Ng noted the company&#8217;s direct-to-consumer segment remains a potential bright spot, with an estimated 2025 earnings potential.
Billionaire media moguls Jeff Bezos, Marc Benioff, and Patrick Soon-Shiong saw significant financial losses last year in their media ventures—The Washington Post, Time Magazine, and The Los Angeles Times, respectively. Despite high hopes for revitalizing these storied publications, they continue to face steep challenges, including declining advertising revenue and the costly <a href="https://www.benzinga.com/news/24/01/36689926/jeff-bezos-marc-benioff-and-other-billionaire-media-owners-losing-a-fortune-amid-struggling-news-out">transition from print to digital formats</a>.
Price Action: Warner Bros Discovery stock closed at $10.05 on Wednesday, up 2.87% during regular trading hours. In after-hours trading, the stock remained relatively unchanged. Over the past year, the stock has declined by 4.65%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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Image via Wikimedia Commons
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

CNN Prepares To Lay Off Hundreds Amid Warner Bros. Discovery's Digital Overhaul And Industry-Wide Shift: Report

StarHub and Nokia partner on network APIs to drive 5G and 4G application development in enterprise verticals
<ul>
<li>Working closely with developers, the two companies are targeting new applications for enterprises in banking, finance, ports, online streaming, and the public sector.</li>
<li>StarHub's 5G and 4G networks will connect to Nokia's Network as Code platform with developer portal to give developers a seamless pathway for creating new applications.</li>
</ul>

StarHub Partners With Nokia To Leverage Network APIs For 5G And 4G Enterprise Applications

LinkedIn, owned by Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), has been accused by Premium users of sharing private data for AI model training without their consent.
What Happened: The class action lawsuit, filed in San Jose, California on Tuesday seeks damages for breach of contract and violations of California&#8217;s unfair competition law.
It also demands $1,000 per person under the federal Stored Communications Act, reported Reuters.
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43021026/apple-stock-has-moved-up-4-2-since-iphone-16-launched-analyst-says-it-has-another-8-upside-as-manufacturing-cost-decline-bolsters-cupertinos-margins" target="_blank" rel="noreferrer noopener">Apple Stock Has Moved Up 4.2% Since iPhone 16 Launched, Analyst Says It Has Another 8% Upside As Manufacturing Cost Decline Bolsters Cupertino&#8217;s Margins</a>
The lawsuit alleges that LinkedIn quietly introduced a privacy setting last August, allowing users to control data sharing. However, the platform <a href="https://www.benzinga.com/news/24/09/40931968/microsofts-linkedin-in-hot-water-for-allegedly-using-data-of-users-for-training-ai-before-updating-t">updated its privacy policy</a> on Sept. 18, stating data could be used for AI training.
In a &#8220;frequently asked questions&#8221; hyperlink, it was stated that opting out would not impact training that had already occurred.
The complaint accuses LinkedIn of attempting to &#8220;cover its tracks&#8221; by updating its policy, suggesting the company knowingly violated privacy agreements.
LinkedIn has dismissed the claims as &#8220;false&#8221; and &#8220;without merit.&#8221;
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: AI startups OpenAI and Anthropic have also <a href="https://www.benzinga.com/news/24/06/39443965/openai-and-anthropic-allegedly-ignore-web-scraping-rules-stirring-controversy">faced allegations</a> of disregarding web scraping regulations. Elon Musk&#8217;s social media platform, X, formerly Twitter, was revealed to be <a href="https://www.benzinga.com/news/24/07/39979855/elon-musks-x-shares-your-posts-on-his-social-media-platform-with-grok-for-training-heres-how-you-can">sharing user posts</a> with xAI's Grok for training purposes.
Last year, LinkedIn reported a 10% year-over-year revenue increase in the first quarter. The platform highlighted the role of its AI-powered tools in changing how professionals sell, learn, and hire.
In sales, new AI features are helping teams emulate top performers and achieve more profitable growth. In hiring, LinkedIn introduced its first AI agent, Hiring Assistant, designed to streamline recruitment by automating time-intensive tasks.
Microsoft reported <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">first-quarter revenue</a> of $65.60 billion, reflecting a 16% year-over-year increase.
Price Action: Microsoft&#8217;s stock climbed 4.13% on Wednesday, closing at $446.20. However, in after-hours trading, the shares dipped 0.27% to $445, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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>.
Photo by IB Photography on Shutterstock
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Disclaimer:&nbsp;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.

Legal

Microsoft's LinkedIn Hit With Lawsuit For Violating User Privacy, Allegedly Sharing Private Data For AI Model Training

Under the agreement with UFC, the Aviator logo will appear prominently on the Octagon canvas at every UFC event worldwide, accompanied by integrated social media campaigns and premium hospitality experiences. In parallel, WWE will showcase Aviator branding at select marquee events, further amplifying the game's visibility among global audiences.
Aviator&nbsp;has achieved significant success in over 60 countries, including key growth markets like Brazil, India, and several countries in Europe and Africa. With a combined global reach of engaged fans across 170 countries, WWE and UFC provide SPRIBE with an unmatched international platform to propel continued growth for Aviator.
For WWE, the alignment with Aviator represents an opportunity to engage with a rapidly growing audience in the gaming sector.

SPRIBE Inks Multiyear Deals With UFC and WWE To Boost Aviator's Global Presence

BMW UK will no longer post on Elon Musk&#8216;s social media platform X, but instead will use it merely for customer support, the company said in a post on Wednesday.
What Happened: The company will, however, continue to post on Meta Platforms&#8217; Facebook and Instagram it said, without detailing the reason behind the decision.
<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">We're no longer posting on X. Don&#39;t worry though, our Customer Support team is still here if you need us. You can also see all the latest BMW news by following us on Facebook and Instagram at BMWUK.<a href="https://twitter.com/hashtag/BMWUK?src=hash&amp;ref_src=twsrc%5Etfw">#BMWUK</a>
&mdash; BMW UK (@BMW_UK) <a href="https://twitter.com/BMW_UK/status/1882003256248774849?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, it is noteworthy that only BMW UK made such an announcement and not the official BMW account or the official account of BMW Group. 
BMW did not immediately respond to Benzinga&#8216;s request for comment. 
Why It Matters: Musk, the owner of X, is also the CEO of American EV manufacturer Tesla Inc., <a href="https://www.benzinga.com/25/01/43078694/tesla-offers-free-supercharging-on-model-3-y-in-japan-a-year-after-musk-mourns-companys-lack-of-market-share-in-geography">a BMW rival.</a>
According to data from automotive research firm Kelley Blue Book, BMW sold just 50,980 electric vehicles in the U.S. in 2024, while Tesla sold 633,762 units. 
However, unlike Tesla which makes only electric vehicles, BMW also makes gas vehicles. 
In December, BMW responded to a video of a Tesla owner navigating through streets without their hands on the wheel using version 13 of the company's full self-driving driver assistance software, terming it &#8220;very impressive.&#8221; 
However, BMW took down the comment later, <a href="https://www.benzinga.com/24/12/42452794/bmw-takes-down-appreciation-for-version-13-of-teslas-fsd-too-bad-says-musk">prompting Musk to comment</a>, &#8220;Too bad, that was one of their best posts!&#8221;
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Shutterstock

BMW UK Stops Posting On X, Will Use It Only For Customer Support: To Continue Posting On Instagram, Facebook

Sasol has published its production and sales performance metrics for the six months ended 31 December 2024 on the Company´s website at <a href="http://www.sasol.com/">www.sasol.com</a>, under the Investor Centre section: <a href="https://www.sasol.com/investor-centre/financial-results">https://www.sasol.com/investor-centre/financial-results</a>.
Sasol took a Final Investment Decision (FID) in December 2024 for a destoning solution to enhance the coal quality supplied to Secunda Operations (SO), with beneficial operation of the solution expected in H1 FY26 which is earlier than the previous communicated date.
The civil unrest in Mozambique affected the Central Processing Facility (CPF), leading to reduced production rates in December 2024. The situation at the CPF has improved and the unit is now operating at full capacity, albeit with heightened near-term risk still prevalent.
On 4 January 2025, a fire occurred at the Natref refinery that caused damage to supporting piping and infrastructure around the Crude Distillation Unit. Our team responded swiftly to contain the fire, with no reported injuries. Repairs are anticipated to be completed before the end of February 2025 and plans are being implemented, including product purchases to address supply shortfalls, where possible.
At SO we have experienced operational challenges, largely related to ongoing coal quality complications and the consequent impact on gasifier and equipment availability. The implementation of destoning and ongoing equipment reliability improvement initiatives are expected to improve production levels going forward.
International Chemicals revenue improved compared to H1 FY24, though the overall business environment remains challenging. Sales volumes in the quarter continued to be negatively impacted by the East Cracker outage in the US. However, the unit started up successfully in November 2024. Overall profitability has improved due to proactive management initiatives.
Market guidance for both Mining and Gas remains unchanged, with the annual volume outlook for SO and Natref revised downward due to the aforementioned challenges. Consequently, we expect sales volumes for Fuels and Chemicals Africa to be largely in line with FY24. Despite the operational challenges faced during the quarter, we remain committed to executing key self-help initiatives aimed at improving performance and mitigating the challenges we face.
ORYX production volume guidance was revised upwards.
Sales volume guidance for International Chemicals has been adjusted downward to 4 - 8% lower than FY24, driven by weaker-than-expected demand and unplanned operational outages. However, the financial impact has been mitigated through effective cost management initiatives, and improved margins compared to the prior period.

Guidance

Sasol Revises Production Guidance Amidst Operational Hurdles, Highlights Strategic Improvements

ASTS

AST SpaceMobile Prices $400M Private Offering Of 4.25% Convertible Notes Due 2032

IPOs

COLAU

Reported Earlier, Columbus Acquisition Corp Prices $60M Initial Public Offering Of 6M Units At $10/Unit, Trading To Begin January 23 On Nasdaq

<ul>
<li>Tamboran Resources Corporation and Santos Limited (ASX: STO) have entered into a non-binding Memorandum of Understanding (MOU) to undertake technical studies relating to a potential Darwin LNG (DLNG) Train 2 expansion and collaborative work on the jointly owned EP 161 acreage (Santos 75% operator, Tamboran 25%) in the Beetaloo Basin.</li>
<li>The goal of the studies is to evaluate options for supplying natural gas to a potential expansion train at the existing DLNG facility at Middle Arm. DLNG was approved to a nominal 10 million tonnes of LNG per annum (MTPA), with this expansion opportunity up to ~6 MTPA.</li>
<li>Santos is the operator of the existing DLNG project with a 43.4% working interest.</li>
<li>Tamboran and Santos are joint venture partners in the EP 161 acreage which holds ~300,000 acres of Mid Velkerri B Shale at depths below 8,850 feet (~2,700 metres). The region has demonstrated Marcellus Basin-type decline curves from two Tanumbirini wells that were drilled and flow tested in 2022.</li>
<li>Tamboran remains committed to progressing the development of the proposed NTLNG project at Middle Arm, which is currently undergoing pre-FEED studies with Bechtel Corporation.</li>
<li>Tamboran and Santos are both committed to supplying natural gas from the Beetaloo Basin into both the Australian domestic gas and international LNG markets.</li>
</ul>

Reported Earlier, Tamboran Resources And Santos Sign MOU To Advance Darwin LNG Train 2 Expansion Studies

The Reverse Stock Split is primarily intended to bring the Company to compliance with the $1.00 minimum bid price requirement in order to maintain its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement.

Reported Earlier, Inspire Veterinary Partners Announces 1-for-25 Reverse Stock Split Effective January 27, 2025

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