Headwater Gold (OTC:HWAUF) Stock, Quote.Headers.trade-ideas

Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. The company has projects in Nevada and Idaho - Oregon. It has one operating segment, the exploration of mineral properties. Geographically, it operates in The United States and Canada.

HEADWATER GOLD INC by Headwater Gold Inc.

Headwater Gold Inc

European regulators have launched an investigation into a clandestine advertising arrangement between Google in Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) that reportedly circumvented Google&#8217;s own advertising policies for minors.
What Happened: The European Commission is delving into advertising campaigns that promoted Instagram to teenagers on YouTube. In October, regulators requested Alphabet, Google&#8217;s parent company, to provide data, presentations, and internal communications related to these campaigns, according to sources familiar with the matter. This inquiry follows a Financial Times <a href="https://www.ft.com/content/fac060e0-4778-4ea6-a040-12bb7bf75806">report</a> on Tuesday, which highlighted the controversial partnership.
The investigation, internally dubbed &#8220;Tangerine Owl,&#8221; uncovered that Google employees had advised Meta on how to bypass Google&#8217;s ad policies for minors. Despite Google&#8217;s prohibition on ad personalization for teenagers, the campaign targeted users categorized as &#8220;unknown,&#8221; a group predominantly comprising individuals under 18.
After a&nbsp;Financial Times&nbsp;investigation in August, Google has strengthened its policies, prohibiting demographic targeting of the &#8220;unknown&#8221; group and mandating staff to acknowledge their responsibilities. The campaign, initially piloted in Canada and later expanded to the US, was eventually terminated.
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42377436/microstrategys-michael-saylor-risks-breaking-down-the-magic-money-creation-machine-with-his-growing-bitcoin-bet-says-expert?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">MicroStrategy&#8217;s Michael Saylor Risks Breaking Down The &#8216;Magic Money Creation Machine&#8217; With His Growing Bitcoin Bet, Says Expert</a>
Both Google and Meta continue to face increasing scrutiny from regulators and politicians, with ongoing investigations and legal challenges in both the US and Europe.
Why It Matters: The investigation into Google and Meta&#8217;s advertising practices comes <a href="https://www.benzinga.com/news/24/08/40254187/google-meta-accused-of-secretly-targeting-instagram-ads-to-teens-on-youtube-violating-googles-own-ru">amid heightened regulatory scrutiny</a> over tech giants&#8217; handling of user data and advertising practices. In August, allegations surfaced that Google and Meta secretly targeted Instagram ads to teenagers on YouTube, violating Google&#8217;s own policies regarding minors. The campaign reportedly targeted a user group labeled as &#8220;unknown,&#8221; which Google knew was predominantly under-18s.
In a related development, Google recently won an appeal against a €1.49 billion ($1.66 billion) antitrust fine imposed by the European Commission for anticompetitive practices in its online search advertising business. The&nbsp;Luxembourg-based General Court&nbsp;<a href="https://www.benzinga.com/24/09/40915828/google-wins-1-7b-eu-antitrust-fine-appeal-over-5-year-old-online-search-advertising-case">nullified the penalty, </a>providing a reprieve to Google. This backdrop of legal challenges underscores the ongoing tension between tech giants and regulatory bodies in Europe.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42370333/happy-birthday-dogecoin-if-you-invested-100-in-meme-crypto-when-elon-musk-first-tweeted-about-it-heres-how-much-youd-have-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Happy Birthday Dogecoin! If You Invested $100 In Meme Crypto When Elon Musk First Tweeted About It, Here&#8217;</a></li>
</ul>
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.
Photos courtesy: Shutterstock

News

General

AAPL

GOOG

GOOGL

Google-Meta Under Fire: EU Watchdog Reportedly Probes Alleged Secret Ad Deal Targeting Teen Users

Oppenheimer analyst Hartaj Singh maintains Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) with a Outperform and raises the price target from $105 to $115.

Price Target

Analyst Ratings

GILD

Oppenheimer Maintains Outperform on Gilead Sciences, Raises Price Target to $115

President-elect Donald Trump has disclosed plans to have dinner with Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos.
What Happened: During a Meet the Press <a href="https://www.nbcnews.com/politics/donald-trump/trump-details-sweeping-changes-ll-carry-day-one-exclusive-interview-rcna182858">interview</a> with Kristen Welker on Sunday, Trump said that following his Nov. 5 win, he got calls from many people.
He also heard from Bezos and added &#8220;We're having dinner,&#8221; while expressing that people like him more now compared to his first presidential win.
See Also: <a href="https://www.benzinga.com/tech/24/12/42377549/jeff-bezos-worlds-second-richest-person-reveals-the-simple-secret-to-building-successful-businesses-like-amazon?itm_source=parsely-api">Jeff Bezos, World&#8217;s Second Richest Person, Reveals The Simple Secret To Building Successful Businesses Like Amazon</a>
This dinner signifies a potential thaw in their relationship, which has been marked by past disputes over Amazon&#8217;s business practices and <a href="https://www.benzinga.com/general/politics/24/10/41557083/jeff-bezos-ends-washington-posts-36-year-tradition-of-endorsements-leaving-staff-roiled">media coverage</a> by The Washington Post.
For instance, in 2018, Trump accused Amazon of failing to pay its fair share of taxes. A year later, Amazon sued the Trump administration, claiming that the President-elect&#8217;s hostility had unjustly influenced the company&#8217;s loss of a $10 billion cloud computing contract.
However, In November, <a href="https://www.benzinga.com/news/24/11/41796344/tim-cook-mark-zuckerberg-and-jeff-bezos-congratulate-trump-whats-next-for-the-tech-giants">Bezos congratulated Trump</a> on his political comeback and victory in the 2024 election.&nbsp;
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Earlier this month, Bezos said he is feeling &#8220;very optimistic&#8221; about <a href="https://www.benzinga.com/media/24/12/42331420/jeff-bezos-optimistic-about-trumps-second-term-wants-to-help-streamline-rules-we-do-have-too-many-regulations-in-this-country">another Trump term</a>, during The New York Times&#8217; DealBook Summit. He also shared that he is investing considerable time and effort to keep Amazon at the forefront of AI innovation.
The Amazon founder also praised Trump&#8217;s deregulation efforts, including creating the Department of Government Efficiency, led by Vivek Ramaswamy and Elon Musk.
Earlier, Musk, who donated millions to Trump's presidential campaign and strongly backed him, <a href="https://www.benzinga.com/markets/equities/24/11/42105450/elon-musk-says-amazon-founder-jeff-bezos-urged-tesla-spacex-investors-to-dump-stakes-predicting-trumps-loss">accused Bezos of advising investors</a> to divest from Tesla Inc. and SpaceX, predicting Trump&#8217;s electoral defeat.
Why It Matters: Bezos isn't the only big tech CEO with whom Trump's past clashes might be turning into a more cordial partnership.
Last month, following the presidential election win, it was reported that Meta Platforms Inc. CEO Mark Zuckerberg also <a href="https://www.benzinga.com/markets/24/11/42227958/mark-zuckerberg-and-trump-reportedly-met-at-mar-a-lago">met Trump at the President-elect's</a> Mar-a-Lago estate in Florida.
Previously, Trump had warned of potential legal action against Zuckerberg if he returned to office. He has also accused the Meta CEO of conspiring against him while maintaining a friendly demeanor during visits to the Oval Office.
Earlier it was also reported that Apple Inc. CEO Tim Cook&#8217;s strategy for cultivating a relationship with Trump during his presidency provided Cupertino. with distinct <a href="https://www.benzinga.com/24/11/42158580/how-tim-cooks-strategy-to-win-over-trump-gave-apple-a-competitive-edge-and-why-sundar-pichai-mark-zuckerberg-and-others-might-be-following-his-playbook">advantages over its rivals</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42359072/sundar-pichai-takes-a-jab-at-microsofts-ai-efforts-theyre-using-someone-elses-models-doubling-down-on-googles-innovation-power?itm_source=parsely-api">Google CEO Sundar Pichai Fires Back At Microsoft Over AI, Dismisses Satya Nadella&#8217;s Criticism</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

Politics

Tech

Media

AMZN

Trump Announces Plans To Have Dinner With Amazon Founder Jeff Bezos As Billionaire Rivals Turn Unexpected Allies After Years Of Clashes

Keefe, Bruyette &amp; Woods analyst Jade Rahmani upgrades Jones Lang LaSalle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JLL#NYSE">JLL</a>) from Market Perform to Outperform and raises the price target from $292 to $325.

Upgrades

Keefe, Bruyette & Woods Upgrades Jones Lang LaSalle to Outperform, Raises Price Target to $325

Legendary trader Peter Brandt, known to be a long-term XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) critic, deemed the cryptocurrency's price chart the "most powerful" on Sunday. 
What happened: Brandt, a seasoned chartist with nearly 50 years of experience, used X to highlight XRP&#8217;s breakout from a symmetrical triangle pattern.
"This the most powerful chart in all of crypto world," he wrote, piquing the interest of his followers.
<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">This the most powerful chart in all of crypto world <a href="https://twitter.com/search?q=%24XRPUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRPUSD</a> <a href="https://t.co/UexaPB4D9r">pic.twitter.com/UexaPB4D9r</a>
&mdash; Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1865537858120917482?ref_src=twsrc%5Etfw">December 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
For the curious, a symmetrical triangle is a chart pattern characterized by two converging trend lines. They reflect a pause in the current trend while bulls and bears find equilibrium. However, when the price breaks firmly from the triangle, it signifies the start of a new trend.
In the given case, Brandt spotted XRP's upward breakout after a 7-year break, compelling him to issue a bullish forecast.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42382883/ark-invests-cathie-wood-hails-bitcoins-100k-climb-as-a-big-deal-labels-apex-crypto-as-gold-substitute-and-emerging-reserve-currency">Ark Invest&#8217;s Cathie Wood Hails Bitcoin&#8217;s $100K Climb As A &#8216;Big Deal,&#8217; Labels Apex Crypto As Gold Substitute And Emerging Reserve Currency</a>
An X user, who goes by the pseudonym protechtor, said, "Even Peter is coming around."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Even <a href="https://twitter.com/PeterLBrandt?ref_src=twsrc%5Etfw">@PeterLBrandt</a> is coming around… <a href="https://t.co/0eRb0IjPdJ">https://t.co/0eRb0IjPdJ</a>
&mdash; protechtor (@protechtor) <a href="https://twitter.com/protechtor/status/1865610029132546142?ref_src=twsrc%5Etfw">December 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another user, PharaohX33, also poked fun at Brandt's pivot to a positive outlook, saying, "Grandpa has finally opened his eyes."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Grandpa has finally opened his eyes. <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> <a href="https://t.co/1ej5VvJsk8">https://t.co/1ej5VvJsk8</a>
&mdash; 
</blockquote></div></figure>

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

Cryptocurrency

Markets

$BTC

$XRP

Legendary Trader's Bullish Pivot? Peter Brandt Calls XRP's Chart As The 'Most Powerful' After A Slew Of Bearish Takes

Piper Sandler analyst Brent Bracelin maintains Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) with a Overweight and raises the price target from $185 to $210.

ORCL

Piper Sandler Maintains Overweight on Oracle, Raises Price Target to $210

SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) stock closed 2.81% lower at $15.57 apiece on Monday and fell further by 0.5% in premarket trading on Tuesday. This comes after Bank of America Securities downgraded the scrip due to valuation concerns.
However, technical analysis based on the simple moving averages points to a different story for the stock.
What Happened: <a href="https://www.benzinga.com/topic/bofa-securities">BofA Securities</a> downgraded the company from &#8220;Neutral&#8221; to &#8220;Underperform&#8221; with a price target of $12 per share.
Shares of SoFi rose 61.35% on a year-to-date basis, whereas it advanced 121.48% in the last six months, outperforming the Nasdaq Composite which gained 33.66% and 14.8% in the same period, respectively.
&#8220;After the rally, we believe valuation is ahead of fundamentals and SoFi is priced to perfection,&#8221; the BofA note said. SoFi&#8217;s shares are trading at 20 times its 2026 earnings per share target, which is at a premium to its peers, as per the note. &#8220;At this valuation, we view risk-reward less favorably,&#8221; it added.
Meanwhile, Jefferies on Nov. 26, maintained its &#8220;Buy&#8221; rating on the company and increased its price target from $13 apiece to $19 per share.
See Also: <a href="https://www.benzinga.com/general/market-summary/24/12/42405749/bitcoin-far-more-of-a-threat-than-a-brics-reserve-currency-says-jeremy-siegel-find-it-curious-that-trump-championed-btc-at-100k">Bitcoin Far More Of A Threat Than A BRICS Reserve Currency, Says Jeremy Siegel: Find It &#8216;Curious&#8217; That Trump Championed BTC At 100K</a>
Why It Matters: From a technical perspective, the analysis of daily moving averages shows strong support for the SoFi Tech stock.
Despite falling nearly 3% on Monday and further in after-hours to $15.56 a piece, SoFi's stock is above its 20, 50, and 200-day simple moving averages, suggesting a largely bullish trend. The 20-day moving average price was $15.06 apiece, whereas the 50 and 200-day prices were $12.03 apiece and $8.44 per share respectively.
However, the current share price is below its eight-day simple moving average of $15.98 apiece. On the other hand, the relative strength index of 68.19 suggested that the stock is near the "overbought" territory.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-1024x576.png" alt="" class="wp-image-684717" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Views By Other Analysts
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, SoFi has a consensus price target of $10.2 per share based on the ratings of 26 analysts. The highest price target out of all the <a href="https://www.benzinga.com/quote/SOFI/analyst-ratings">analysts tracked by Benzinga</a> is $22 apiece issued by Rosenblatt as of Feb. 23, 2022. The lowest target price is $3 per share issued by Wedbush in April this year.
The average price target of $14.67 apiece between BofA Securities, JPMorgan, and Mizuho implies a 5.74% downside for SoFi.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/SOFI/analyst-ratings"><img loading="lazy" decoding="async" width="943" height="351" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034312/SoFi-Analyst-Views.png" alt="" class="wp-image-684706" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034312/SoFi-Analyst-Views.png 943w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034312/SoFi-Analyst-Views-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034312/SoFi-Analyst-Views-768x286.png 768w" sizes="(max-width: 943px) 100vw, 943px" /></a></figure>
Read Next:
<ul>
<li><a href="http://trump's%20deregulation%20efforts%20to%20benefit%20energy,%20oil%20and%20gas%20sectors,%20while%20ai%20frenzy%20will%20boost%20faang%20stocks%20and%20nvidia,%20says%20fintech%20insider/" target="_blank" rel="noreferrer noopener">Trump's Deregulation Efforts To Benefit Energy, Oil And Gas Sectors, While AI Frenzy Will Boost FAANG Stocks And Nvidia, Says Fintech Insider</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Downgrades

Technicals

SOFI

SoFi Stock Falls After BofA Downgrade Over Valuation Concerns: Here's What Technical Analysis Shows

<a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/" title="https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/">https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/</a>

Financing

White House Announced Commerce Department Made $6.1B Investment In Micron For Memory Chip Facilities In Clay, NY, And Boise, ID

Piper Sandler analyst Brent Bracelin maintains Braze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) with a Overweight and raises the price target from $40 to $48.

BRZE

Piper Sandler Maintains Overweight on Braze, Raises Price Target to $48

Piper Sandler analyst Brent Bracelin maintains MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Overweight and maintains $425 price target.

Piper Sandler Maintains Overweight on MongoDB, Maintains $425 Price Target

Goldman Sachs analyst Lizzie Dove upgrades Norwegian Cruise Line (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) from Neutral to Buy and raises the price target from $29 to $35.

NCLH

Goldman Sachs Upgrades Norwegian Cruise Line to Buy, Raises Price Target to $35

BMO Capital analyst Fadi Chamoun upgrades United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) from Market Perform to Outperform and lowers the price target from $155 to $150.

BMO Capital Upgrades United Parcel Service to Outperform, Lowers Price Target to $150

Ascendiant Capital analyst Edward Woo maintains AIM ImmunoTech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIM#AMEX">AIM</a>) with a Buy and lowers the price target from $5 to $4.5.

Ascendiant Capital Maintains Buy on AIM ImmunoTech, Lowers Price Target to $4.5

CEO&nbsp;and co-founder of&nbsp;Block Inc. Jack Dorsey&nbsp;made an appearance in Kenya for the Africa Bitcoin Conference, which will take place in Nairobi from Dec. 9 to 11.
What Happened:&nbsp;Dorsey, who had previously endorsed the conference in April at a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) event in Madeira, Portugal, is fulfilling his promise&nbsp;to attend its third edition.&nbsp;The conference aims to boost Bitcoin adoption across Africa and strengthen ties within the international community.
At the Madeira event, Dorsey praised the conference&#8217;s&nbsp;efforts to raise awareness and promote Bitcoin use in Africa. He emphasized the continent&#8217;s potential for Bitcoin to significantly impact lives. Dorsey returns as a speaker, having inspired&nbsp;audiences at the inaugural event&nbsp;in Accra, Ghana.
<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">Twitter co-founder Jack Dorsey arrives in Kenya <a href="https://t.co/yH1TpdvbXj">pic.twitter.com/yH1TpdvbXj</a>
&mdash; Kenyans.co.ke (@Kenyans) <a href="https://twitter.com/Kenyans/status/1866082441128989091?ref_src=twsrc%5Etfw">December 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/general/education/24/11/42017619/heres-how-much-100-in-bitcoin-could-be-worth-in-2030-if-cathie-woods-price-target-is-reached?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much $100 In Bitcoin Could Be Worth In 2030 If Cathie Wood&#8217;s Price Target Is Reached</a>
Farida Nabourema, the visionary behind the Africa Bitcoin Conference, <a href="https://www.benzinga.com/content/41933341/jack-dorsey-returns-for-the-third-edition-of-the-africa-bitcoin-conference-2024">expressed her excitement</a> over Dorsey&#8217;s participation. She stated, &#8220;Having Jack Dorsey on board is a testament to the global significance of our mission.&#8221;
The conference gathers&nbsp;thought leaders, industry experts, and&nbsp;enthusiasts to explore Bitcoin&#8217;s opportunities in Africa.
Why It Matters: Dorsey&#8217;s presence at the Africa Bitcoin Conference underscores his ongoing commitment to Bitcoin and its potential as a transformative financial tool. Recently, he reiterated&nbsp;Block Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>)&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41833692/jack-dorsey-reaffirms-blocks-bitcoin-centric-vision-to-boost-digital-wallet-mining-businesses-companys-btc-stash-grows-by-15m-in-q3">Bitcoin-centric strategy,</a> highlighting the cryptocurrency as the centerpiece of the company&#8217;s financial services. Dorsey believes that establishing a native currency for the Internet could accelerate business operations globally.
Moreover, Bitcoin&#8217;s potential to address specific challenges in Africa has been highlighted by various advocates. For instance,<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39981360/bitcoin-a-perfect-solution-to-some-african-problems-says-fossil-fuel-advocate-from-electri"> a Kenyan village</a> has adopted Bitcoin in daily life, from local shops to gyms, showcasing the cryptocurrency&#8217;s practical applications. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378513/can-bitcoin-ethereum-dogecoin-shiba-inu-or-solana-beat-xrp-in-2025-poll-says-yes-one-coin-stands-out?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Can Bitcoin, Ethereum, Dogecoin, Shiba Inu or Solana Beat XRP In 2025? Poll Says Yes, One Coin Stands Out</a></li>
</ul>
Photo courtesy: Shutterstock
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.

Block CEO Jack Dorsey Sports Cryptic 'Satoshi' T-Shirt At Africa Bitcoin Conference

<ul>
<li>Framework to support asset optimization and resilience</li>
<li>Largest water and wastewater infrastructure investment in North West England for a century</li>
</ul>

Jacobs Selected For United Utilities Framework To Enhance Water Infrastructure Resilience In The UK's North West

A&nbsp;person of interest has been&nbsp;<a href="https://www.benzinga.com/general/health-care/24/12/42396605/man-questioned-in-unitedhealthcare-ceo-murder-mcdonalds-customer-tip-leads-to-detainment-in-pennsylvania">identified in the shooting death</a> Brian Thompson, CEO of&nbsp;UnitedHealthcare, a unit of UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>). The suspect was found with a &#8220;ghost gun&#8221;&nbsp;made with a 3D printer and is facing charges in Pennsylvania for weapons, forgery, and other crimes.
What Happened: A <a href="https://www.benzinga.com/general/health-care/24/12/42396605/man-questioned-in-unitedhealthcare-ceo-murder-mcdonalds-customer-tip-leads-to-detainment-in-pennsylvania">man was detained Monday</a> at a Pennsylvania McDonald's, following a tip from a customer, and is being questioned over possible involvement in the murder.
This has brought the focus on the use of ghost guns, which has surged over the past decade. These firearms can be assembled from kits bought online or manufactured using 3D printers – they lack serial numbers and are untraceable, which is why they are referred to as "ghost guns."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378684/shiba-inus-208-surge-this-year-sparks-predictions-of-top-10-crypto-ranking-in-2025?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s 208% Surge This Year Sparks Predictions Of Top 10 Crypto Ranking In 2025</a>
The Problem With Ghost Guns: The lack of traceability by law enforcement agencies has resulted in ghost guns becoming a significant concern in the U.S., contributing to gun violence and prompting legal scrutiny.
Ghost guns are typically sold&nbsp;as incomplete frames and receivers,&nbsp;which&nbsp;can be turned into functional&nbsp;firearms by adding other parts. The anonymity of these guns makes them attractive to those seeking to bypass legal restrictions.
Are Ghost Guns Legal To Own? As things stand today, ghost guns are legal to own at the federal level.
Prior to 2022, these&nbsp;kits could be sold without&nbsp;serial numbers, registration, or background checks.
The ATF introduced new regulations in 2022, requiring serial numbers and background checks for ghost gun kits. However, these rules have faced legal challenges and are <a href="https://www.benzinga.com/news/24/10/41198755/supreme-court-set-to-reconvene-with-ghost-guns-trans-youth-healthcare-and-elections-on-docket">currently under review</a> in the Garland v VanDerStok case before the Supreme Court.
Why It Matters: The <a href="https://www.benzinga.com/general/health-care/24/12/42316904/unitedhealthcare-ceo-brian-thompson-fatally-shot-outside-nyc-hotel">murder of Thompson</a>&nbsp;has drawn attention to the growing threat of ghost guns, which have been linked to increasing gun violence across the U.S. The incident highlights the challenges law enforcement faces in tracing these weapons.
In June, U.S. Surgeon General&nbsp;Vivek H. Murthy&nbsp;<a href="https://www.benzinga.com/government/24/06/39484065/us-surgeon-general-calls-gun-violence-a-public-health-issue">declared gun violence a public health crisis</a>, urging the nation to address it with the same urgency as other major health issues.
The ongoing legal battle over ghost gun regulations underscores the complexity of balancing gun rights with public safety concerns.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42361326/dogecoin-killer-shiba-inu-burns-53-million-coins-in-a-day-what-is-going-on-with-shib?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Burns 53 Million Coins In A Day: What Is Going On With SHIB?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Health Care

Legal

What's A Ghost Gun That Alleged UnitedHealthcare CEO Assassin Used In NYC?

Developers can now easily manage complex software workloads using pre-determined runtime scheduling capabilities

BlackBerry And TTTech Auto Debut MotionWise Scheduling Tool For QNX SDP 8, Addressing Critical Needs In SDV Development

Ascendiant Capital analyst Edward Woo maintains RenovoRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNXT#NASDAQ">RNXT</a>) with a Buy and raises the price target from $8.25 to $9.

RNXT

Ascendiant Capital Maintains Buy on RenovoRx, Raises Price Target to $9

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk quipped on X that Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates could face bankruptcy if Tesla becomes &#8220;the world&#8217;s most valuable company by far,&#8221; escalating their long-running dispute over Gates&#8217; <a href="https://www.benzinga.com/general/education/24/11/41852561/if-you-invested-1000-in-tesla-stock-when-bill-gates-shorted-the-stock-heres-how-much-youd-have-today">short position in the electric vehicle maker</a>.
What Happened: The statement comes as Tesla&#8217;s market capitalization stands at $1.251 trillion, still significantly behind Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) at $3.729 trillion. To achieve the top position, Tesla would need to grow by nearly 200%.
The conflict between the two billionaires stems from Gates&#8217; undisclosed short position in Tesla stock, which reportedly resulted in a $1.5 billion loss for Gates, <a href="https://www.cnbc.com/2023/09/10/bill-gates-and-elon-musk-an-excerpt-from-walter-isaacson-musk-bio.html">according</a> to Walter Isaacson&#8217;s 2023 biography of Musk. 
When confronted about the investment during a 2021 CNBC <a href="https://www.cnbc.com/video/2021/02/18/bill-gates-tesla-elon-musk-green-economy.html">interview</a>, Gates declined to comment on his positions but praised Tesla&#8217;s achievements, stating, &#8220;What Elon&#8217;s done with Tesla is fantastic.&#8221;
The tension peaked during a March 2022 meeting at Tesla&#8217;s Austin factory, where Gates and Musk discussed philanthropy and climate change. According to Isaacson&#8217;s book, Gates apologized for the short position, but Musk remained unplacated, viewing it as hypocritical for someone concerned about climate change to <a href="https://www.benzinga.com/general/education/24/11/41852561/if-you-invested-1000-in-tesla-stock-when-bill-gates-shorted-the-stock-heres-how-much-youd-have-today">bet against an electric vehicle company</a>.
&#8220;How can someone say they are passionate about fighting climate change and then do something that reduced the overall investment in the company doing the most?&#8221; Musk told Isaacson.
<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">If Tesla does become the world's most valuable company by far, that short position will bankrupt even Bill Gates
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866373389528826058?ref_src=twsrc%5Etfw">December 10, 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/legal/24/12/42404352/nvidia-china-antitrust-probe-may-remain-unsolved-in-near-term-says-top-analyst-investors-should-be-prepared-for-increased-scrutiny">Nvidia China Antitrust Probe May &#8216;Remain Unsolved&#8217; In Near Term Says Top Analyst; Investors Should Be Prepared For Increased Scrutiny</a>
What Happened: Despite their differences, Gates has publicly acknowledged Musk&#8217;s contributions, stating at a Washington D.C. dinner that &#8220;there is no one in our time who has done more to push the bounds of science and innovation than he has.&#8221;
Tesla&#8217;s stock has surged 56.91% this year, driven by President-elect Donald Trump&#8216;s victory in the 2024 election and Musk&#8217;s growing relationship with Trump, which also led to Tesla CEO <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">being nominated to lead</a> the newly formed Department of Government Efficiency. 
Tesla would need to surpass tech giants like Microsoft, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), along with Saudi Aramco, to become the world&#8217;s most valuable company.
Currently, Musk leads the global wealth rankings with a net worth of $376 billion, while Gates ranks sixth at $166 billion, according to the Bloomberg Billionaires Index.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42404312/gary-black-boosts-tesla-price-target-by-27-to-380-citing-25k-hatchbacks-market-potential">Gary Black Boosts Tesla Price Target By 27% To $380 Based On &#8216;Increased Conviction&#8217; That Elon Musk-Led Company Will Launch $25K Hatchback</a></li>
</ul>
Image via European Commission/ Lukasz Kobus
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

MSFT

NVDA

TSLA

Bill Gates Could Go Bankrupt If Tesla Stock Surges 200% To Become The Top Company, Says Elon Musk

Earnings

HUIZ

Huize Holding Q3 Adj EPADS $0.00, Sales $52.68M Up From $40.08M YoY

Headwater Gold, Inc. (TSE:HWG) has released an update. Headwater Gold Inc. is gearing up for an exciting 2024 with extensive exploration programs a...

Headwater Gold Prepares Major 2024 Nevada Drilling

Headwater Gold, Inc. (TSE:HWG) has released an update. Headwater Gold Inc. has strengthened its team by appointing Fraser MacCorquodale, a seasoned...

Headwater Gold Welcomes New Expert Director

Headwater Gold (TSE:HWG) has released an update. Headwater Gold Inc. has announced a significant expansion of its Spring Peak and Lodestar projects...

Headwater Gold Expands Nevada Projects, Begins Drilling

Headwater Gold (TSE:HWG) has released an update. Headwater Gold Inc. has initiated a 7,000-metre drilling program at its Spring Peak project in Nev...

Headwater Gold Launches Major Drilling Program in Nevada

Headwater Gold (TSE:HWG) has released an update. Headwater Gold Inc. has issued 1.7 million stock options to its team, strengthening the involvemen...

Headwater Gold Bolsters Team with Stock Options

Headwater Gold (TSE:HWG) has released an update. Headwater Gold Inc. is actively progressing with its exploration programs, particularly at the Spr...

Headwater Gold Advances Exploration Despite Setbacks

Headwater Gold (TSE:HWG) has released an update. Headwater Gold Inc. has bolstered its project portfolio with the acquisition of two 100% owned, ro...

Headwater Gold Expands Nevada Portfolio with New Gold Projects

Headwater Gold (TSE:HWG) has released an update. Headwater Gold Inc. has announced a strategic investment by Centerra Gold, with the latter acquiri...

Centerra Gold Boosts Stake in Headwater Gold Inc.

Headwater Gold (TSE:HWG) has released an update. Headwater Gold Inc. has announced the completion of a significant $1.54 million funding round with...

Comments

Headwater Gold

Headwater Gold (HWAUF) Forecast

Headwater Gold (OTC:HWAUF) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga