iShares iBonds Dec 2027 Term Corporate ETF (ARCA: IBDS)

Latest news for iShares iBonds Dec 2027 Term Corporate ETF (ARCA:IBDS)

iShares iBonds Dec 2027 Term Corporate ETF

The Fund seeks to meet its investment objective generally by investing in component securities of the Bloomberg December 2027 Maturity Corporate Index (the Underlying Index). The fund generally will invest at least 90% of its assets in the component securities of the underlying index, except during the last months of the funds operations, and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds. The index is composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2027.

Blackrock Cash Funds: Treasury, Sl Agency Shares

IBERDROLA SA BILBAO ORD by Iberdrola S.A.

Iberdrola SA

Deutsche Bank analyst Brian Bedell maintains Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) with a Hold and raises the price target from $84 to $94.

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Price Target

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NTRS

Deutsche Bank Maintains Hold on Northern Trust, Raises Price Target to $94

RBC Capital analyst Mike Dahl maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Underperform and raises the price target from $145 to $160.

RBC Capital Maintains Underperform on Lennar, Raises Price Target to $160

U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 0.1% on Monday.
Following the market opening Monday, the Dow traded up 0.05% to 42,085.59 while the NASDAQ rose 0.02% to 17,951.13. The S&amp;P 500 also rose, gaining, 0.10% to 5,708.21.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/09/40979493/how-to-earn-500-a-month-from-kb-home-stock-ahead-of-q3-earnings">How To Earn $500 A Month From KB Home Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Real estate shares jumped by 1.1% on Monday.
In trading on Monday, information technology shares fell by 0.3%.
Top Headline
The Chicago Fed National Activity Index rose to +0.12 in August versus a revised reading of -0.42 in the previous month and better than market expectations of -0.20.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Kaival Brands Innovations Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares shot up 125% to $1.30 after the company and Delta Corp Holdings entered a merger and share exchange agreement.</li>
<li>Shares of Nuvve Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) got a boost, surging 110% to $8.25 after tumbling over 16% on Friday.</li>
<li>Treasure Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) shares were also up, gaining 80% to $1.2399.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Elevai Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) shares dropped 59% to $0.1140 after the company announced the pricing of an $8.0 million public offering.</li>
<li>Shares of Jin Medical International Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJYL#NASDAQ">ZJYL</a>) were down 26% to $3.03.</li>
<li>PainReform Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFX#NASDAQ">PRFX</a>) was down, falling 23% to $0.5964. The company recently announced findings regarding the compatibility of sutures in human clinical trials of PRF-110</li>
</ul>
Commodities In commodity news, oil traded down 0.1% to $70.92 while gold traded up 0.1% at $2,647.70.
Silver traded down 1.4% to $31.075 on Monday, while copper fell 0.4% to $4.3265.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.3%, Germany's DAX gained 0.6% and France's CAC 40 slipped 0.1%. Spain's IBEX 35 Index rose 0.4%, while London's FTSE 100 rose 0.1%.
Spain&#8217;s trade deficit narrowed to EUR 3.2 billion in July from EUR 4.9 billion in the year-ago month. The manufacturing climate indicator in France slipped to 98.6 in September from 98.9 in the prior month.
The S&amp;P Global UK composite PMI declined to 52.9 in September from 53.8 in August, and down from market estimates of 53.5. German composite PMI declined for a fourth consecutive month to 47.2 in September, while French composite PMI declined to 47.4 in September versus 53.1 in the earlier month.
The HCOB Eurozone manufacturing PMI slipped to 44.8 in September from 45.8 in the prior month, while services PMI declined to 50.5 in September from 52.9 in August.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Hong Kong's Hang Seng Index falling 0.06%, China's Shanghai Composite Index gaining 0.44% and India's BSE Sensex gaining 0.45%.
The People's Bank of China unexpectedly cut the 14-day reverse repurchase rate by 10bps on Sept. 23.
Economics
The Chicago Fed National Activity Index rose to +0.12 in August versus a revised reading of -0.42 in the previous month and better than market expectations of -0.20.
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/09/40979327/this-analyst-with-85-accuracy-rate-sees-around-92-upside-in-micron-here-are-5-stock-picks-for-last-w">This Analyst With 85% Accuracy Rate Sees Around 92% Upside In Micron &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

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Intraday Update

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KAVL

NVVE

PRFX

ZJYL

US Stocks Edge Higher; Chicago Fed National Activity Increases In August

Deutsche Bank analyst Steve Powers maintains Keurig Dr Pepper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) with a Hold and raises the price target from $36 to $37.

Deutsche Bank Maintains Hold on Keurig Dr Pepper, Raises Price Target to $37

<a href="https://www.globenewswire.com/Tracker?data=Ebyxl-u1Mnsup4_I4EURZBbP5s5840hVbyHMYRhfYC7JViuxPwsK4gO06s0VXPR96Nz0ejfROn4qwAvRJe2VQR_xuCTA-L2ue57VaoG4EnfR1Bcm2gSZUvTLpf1anweP">Freight Technologies, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>, "Fr8Tech" or the "Company")))), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions that address distinct challenges within the supply chain ecosystem, announced today that the board of directors of the Company approved a one (1) for twenty-five (25) reverse split of its issued and outstanding ordinary shares, no par value (the "Ordinary Shares"). The Company's Ordinary Shares will begin trading on a split adjusted basis on September 25, 2024. &nbsp;
As a result of the reverse share split, each twenty-five (25) pre-split Ordinary Shares of the Company will automatically combine into one (1) Ordinary Share without any action on the part of the holders, and the number of outstanding Ordinary Shares will be reduced from 35,844,999 to 1,433,800. The Company's Ordinary Shares will continue to trade on the Nasdaq Capital Market (the "Nasdaq") under the symbol "FRGT" but will trade under a new CUSIP number (G51413139).
No fractional shares will be issued as a result of the reverse share split. Shareholders who otherwise would be entitled to a fractional share because they hold a number of Ordinary Shares not evenly divisible by the one (1) for 25 reverse split ratio, will automatically be entitled to receive an additional fractional share of the Company's Ordinary Shares to round up to the next whole share if they were to hold a fractional share less than one-half or more. Shareholders who hold a fractional share equal to less than one-half will have the fractional share cancelled.

Stock Split

FRGT

Freight Technologies Announces 1-For-25 Reverse Stock Split, Will Begin Trading On A Split Adjusted Basis On September 25, 2024

Robot Roadshow Set to Land in Irving, Texas
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.knightscope.com%2F&amp;esheet=54125471&amp;newsitemid=20240923225185&amp;lan=en-US&amp;anchor=Knightscope%2C+Inc.&amp;index=1&amp;md5=dc3eecd5afff98cf42f55a4d9b851047">Knightscope, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) ("Knightscope" or the "Company"), an innovator in robotics and artificial intelligence ("AI") technologies focused on public safety, today announces that four more clients have been upgraded to the fifth generation of its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.knightscope.com%2Fproducts%2Fk5&amp;esheet=54125471&amp;newsitemid=20240923225185&amp;lan=en-US&amp;anchor=K5+Autonomous+Security+Robot&amp;index=2&amp;md5=884d68ceda59cc052fff4e4dd8f90925">K5 Autonomous Security Robot</a> ("K5v5"). Two Casinos, a Class-A, twin-tower office complex and a storage facility all have the latest release of Knightscope's AI-powered devices that elevate safety at the places people live, work, study and visit.

KSCP

Knightscope Announces That Four More Clients Have Been Upgraded To The Fifth Generation Of Its K5 Autonomous Security Robot

Focus on cultural impact and creative expertise
New leadership empowered at Atlantic, 300 Entertainment, and 10K Projects
Key moves include promotions of Lanre Gaba and Erica Bellarosa, appointment of Dave Rocco, and elevation of Craig Kallman
NEW YORK, Sept. 23, 2024 /PRNewswire/ -- Today, Atlantic Music Group (AMG), part of <a href="https://www.wmg.com/">Warner Music Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>), unveiled its dynamic new leadership team and structure. Designed to maximize AMG's cultural impact and strengthen its creative expertise, the changes will empower dedicated A&amp;R and Marketing teams at Atlantic Records, 300 Entertainment, and 10K Projects. Starting October 1, Elliot Grainge assumes the role of CEO of Atlantic Music Group, as Julie Greenwald passes the torch after two decades.

Management

Warner Music Group Announces Starting October 1, Elliot Grainge Will Assume The Role Of CEO Of Atlantic Music Group, As Julie Greenwald Passes The Torch After 2 Decades

In an industry that demands solventless products, producing high-quality hash at an industrial scale requires both careful handling of plant material and efficient processes to meet cost demands, making the traditional art of Hashishin difficult to sustain in large-scale operations. 
In an exclusive interview with Benzinga Cannabis, Cliff Haney, marketing director at Low Temp Industries, explained how their flagship product, the Osprey hash washing machine, provides a solution that balances precision and efficiency, enabling operators to produce artisanal-quality hash while processing up to 80,000 grams of fresh-frozen cannabis per day.
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<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can&#8217;t afford to miss out if you're serious about the business.</li>
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<h3 class="wp-block-heading">So Fresh And So Clean&nbsp;</h3>
Solventless extraction is preferred by many in the industry due to its cleaner, chemical-free approach. The Osprey <a href="https://www.benzinga.com/general/biotech/24/09/40754415/transforming-a-5-000-year-old-craft-how-weed-companies-use-data-to-make-hash-without-losing-its-a">hash </a>washing machine is designed to streamline the solventless extraction process for large-scale cannabis operators.&nbsp;
"The Osprey is geared for MSOs (Multi-State Operators) and commercial extraction facilities focused on solventless techniques," Haney explained. The machine can process up to 80,000 grams of fresh-frozen cannabis per day, making it a critical asset for operators aiming to scale up their production.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="683" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202228/Cliff-H-Commercial-Solutions-Architect-683x1024.jpg" alt="" class="wp-image-559853" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202228/Cliff-H-Commercial-Solutions-Architect-683x1024.jpg 683w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202228/Cliff-H-Commercial-Solutions-Architect-200x300.jpg 200w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202228/Cliff-H-Commercial-Solutions-Architect.jpg 720w" sizes="(max-width: 683px) 100vw, 683px" /><figcaption class="wp-element-caption">Cliff Haney &#8211; Low Temp Industries &#8211; Courtesy Image. </figcaption></figure>
&#8220;Efficiency is key,&#8221; Haney noted. "The machine can handle 20,000 grams of fresh-frozen cannabis per batch, and operators can run four batches within an eight-hour workday. While yield percentages depend on the strain being processed, it typically ranges between three and six percent from fresh frozen cannabis, which is four to five times the weight of dried flower."
<h3 class="wp-block-heading">It's Simple&nbsp;</h3>
According to Haney, what sets the Osprey apart is its emphasis on ease of use and efficiency. &#8220;We built the Osprey from the ground up to make the extraction process as simple as possible for <a href="https://www.benzinga.com/general/biotech/24/09/40754415/transforming-a-5-000-year-old-craft-how-weed-companies-use-data-to-make-hash-without-losing-its-a">hash makers</a>,&#8221; Haney told Benzinga. 
Unlike other hash washing systems that use blades or high-contact methods, the Osprey employs a low-shear impeller, a key innovation. &#8220;Our approach is gentler, which means cleaner hash with fewer contaminants,&#8221; he explained.
The machine also features an auto-sieve system, eliminating the need for manual bag pulling—a task notorious for being labor-intensive and physically demanding. "With just a foot pedal, operators can vibrate the water out of the hash, reducing the strain on workers and improving workflow efficiency," Haney added.
Read Also: <a href="https://www.benzinga.com/news/24/09/40941818/how-this-cheese-aging-tech-is-boosting-profits-for-cannabis-growers-stop-throwing-cheddar-out-the-do">How This Cheese-Aging Tech Is Boosting Profits For Cannabis Growers: Stop Throwing Cheddar Out The Door</a>
<h3 class="wp-block-heading">Built For Commercial Use With Compliance In Mind</h3>
The Osprey is designed to meet the stringent requirements of commercial cannabis operations. It's constructed from stainless steel, which ensures durability and compliance with food-grade processing standards. This attention to material quality also addresses concerns about microplastics in hash, an issue that has garnered increasing attention within the cannabis industry.
"The Osprey is also equipped with a UL-listed control panel, making compliance checks in different states much easier," Haney said. "You don't need a C1D1 room for solventless extraction, so this machine is typically the least of inspectors&#8217; worries when they visit a cannabis extraction facility."
<h3 class="wp-block-heading">Small Batch Option </h3>
The Osprey isn&#8217;t just for big cannabis companies, it is also scalable to mid-sized and smaller operations looking to enhance their efficiency. LTI offers a smaller version, the Mini Osprey, designed for home users or smaller batch operations. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202140/MiniOspreyproductphoto-1-1024x1024.jpg" alt="" class="wp-image-559852" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202140/MiniOspreyproductphoto-1-1024x1024.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202140/MiniOspreyproductphoto-1-300x300.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202140/MiniOspreyproductphoto-1-150x150.jpg 150w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202140/MiniOspreyproductphoto-1-768x768.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202140/MiniOspreyproductphoto-1.jpg 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Mini Osprey &#8211; Courtesy of Low Temp Industries </figcaption></figure>
"It's about simplifying the process, so hashmakers can focus on quality rather than tedious manual tasks," Haney said. "You can adjust the machine&#8217;s settings to handle different strains and create various products, from high-quality full melt to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33369455/sweet-treats-take-over-gummie-consumption-outpaces-flower-in-latest-consumer-data-h">edibles</a>,"
Operators can adjust the speed and time settings based on the type of product they aim to produce. &#8220;If you&#8217;re making full melt, you go slow and gentle; for edibles, you can crank up the speed and get everything you can out of the material,&#8221; he said.&nbsp;
<h3 class="wp-block-heading">The Secret Recipe&nbsp;</h3>
One of the standout features of the Osprey is its ability to pre-program recipes, which simplifies the extraction process for operators. "You can build your recipes on the Osprey itself because some strains and cultivars have certain shaped trichome heads that detach more easily than others," Haney explained.&nbsp;
"This allows hash makers to adjust speed, duration, and settings based on the specific material they're working with and the type of product they want to create—whether it's<a href="https://www.benzinga.com/markets/cannabis/24/05/37296365/5-key-things-to-know-about-cannabis-concentrates"> full melt, full-spectrum rosin</a>, or <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35819064/ready-to-bake-optimize-cannabis-retail-sales-for-thanksgiving-with-bdsas-basket-ana">edibles</a>." The machine's customization capabilities not only streamline production but also help operators maintain consistent quality across batches.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40956732/rolling-into-cape-cod-minority-owned-cannabis-delivery-tribal-fire-dishes-out-secret-sauce-for-i">Rolling Into Cape Cod: Minority-Owned Cannabis Delivery &#8216;Tribal Fire&#8217; Dishes Out Secret Sauce For Investors</a>
<h3 class="wp-block-heading">Plug And Play</h3>
Haney also pointed out that for cannabis investors the machine comes ready to play. &#8220;The machine arrives nearly ready to use, requiring just minimal assembly before it&#8217;s plugged into a standard 110-volt outlet and does not require compressed air, making it highly accessible and cost-efficient for operators.&#8221;
<h3 class="wp-block-heading">Disrupting Packaging With The Concentrate Dispenser</h3>
Another key innovation from LTI is the concentrate dispenser, a device designed to <a href="https://www.benzinga.com/general/biotech/23/08/33579692/cannabis-robots-meet-the-company-boosting-efficiency-and-margins-through-packaging-automation">automate the packaging process</a> for cannabis extracts like live resin and rosin. "Our concentrate dispenser can package anywhere from 400 to 1,000 grams per hour. This significantly reduces labor costs, as most companies currently have around 10 people packaging by hand in the extraction lab."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202312/LowtempConcentrateDispenser-1024x1024.jpg" alt="" class="wp-image-559854" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202312/LowtempConcentrateDispenser-1024x1024.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202312/LowtempConcentrateDispenser-300x300.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202312/LowtempConcentrateDispenser-150x150.jpg 150w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202312/LowtempConcentrateDispenser-768x768.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21202312/LowtempConcentrateDispenser.jpg 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Concentrate Dispenser &#8211; Courtesy of Low Temp Industries </figcaption></figure>
The concentrate dispenser is designed with precision in mind, featuring an intep-certified integrated scale to ensure each gram or two-gram bucket is perfectly weighed and dispensed. "We're taking the bulk-to-package process and automating it," Haney concluded. 
Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/09/34625368/nasa-precision-meets-cannabis-roi-pre-rolled-infusion-robots-revolutionizing-indust">NASA Precision Meets Cannabis ROI: Pre-Rolled Infusion Robots Revolutionizing Industry Cost Strategies</a>

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The Giant 'Washing Machine' That Cleans 80,000 Grams Of Cannabis A Day And Saves Hash Makers Big Bucks

Scotiabank analyst Nicholas Yulico maintains Welltower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) with a Sector Outperform and raises the price target from $121 to $133.

WELL

Scotiabank Maintains Sector Outperform on Welltower, Raises Price Target to $133

Hyatt adds new properties in new markets and expands wellbeing offerings to enrich the guest experience
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.hyatt.com%2F&amp;esheet=54125663&amp;newsitemid=20240923282399&amp;lan=en-US&amp;anchor=Hyatt+Hotels+Corporation&amp;index=1&amp;md5=2ef267d77fe6301c87745d6df4b7985c">Hyatt Hotels Corporation</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) continues the strategic expansion of luxury and lifestyle hotels with a significant development pipeline of more than 20 recent and planned openings across the U.S., Canada, Mexico, Latin America and the Caribbean through 2025. This planned growth will expand Hyatt's brand footprint in several new regional markets, allowing Hyatt to care for guests and World of Hyatt members in more places and on more stay occasions.
Since 2017, Hyatt has doubled its number of luxury rooms, tripled its number of resort rooms, and quintupled its number of lifestyle rooms globally. This growth establishes Hyatt as the fastest-growing luxury portfolio with the largest number of luxury-branded rooms in resort locations worldwide and underscores Hyatt's position as the premier hotel brand for high-end travelers seeking rich and experiential luxury, resort and lifestyle stays. Hyatt found in its recent Mid-Year 2024 Consumer Sentiment and Travel Expectations Report that 88% of consumers are showing a steady intent to travel for leisure.

Global

Hyatt  Continues The Strategic Expansion Of Luxury And Lifestyle Hotels With A Significant Development Pipeline Of More Than 20 Recent And Planned Openings Across The U.S., Canada, Mexico, Latin America And The Caribbean Through 2025

By <a href="https://roboforex.com/beginners/analytics/forex-forecast/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_23092024&amp;utm_content=analysis&amp;utm_term=forecast">RoboForex Analytical Department</a>
Gold prices soared to a new all-time high, with the troy ounce surpassing 2614 USD. This surge is primarily driven by expectations of additional interest rate cuts and ongoing geopolitical tensions, which enhance gold&#39;s appeal as a safe-haven asset.
Following the US Federal Reserve&#39;s decision last week to reduce its interest rate by 50 basis points &ndash; the first such cut in four years &ndash; the market expects an equivalent reduction by the year&#39;s end. This week, attention is focused on upcoming US macroeconomic releases, including the Core PCE report and personal income and expenditures data. These indicators will provide insights into the potential direction of future Fed rate adjustments.
Gold becomes increasingly attractive as an investment during periods of lower lending costs, which typically lead to reduced yields on government bonds and a lower Dollar Index (DXY). Unlike other assets, gold does not generate coupon income, making it more appealing when other yields decline.
Additionally, the escalation of hostilities between Israel and Gaza has further boosted demand for gold. In times of heightened global uncertainty and conflict, gold traditionally performs well as a defensive investment.
Despite some strengthening of the US dollar, this has not significantly impacted the upward trajectory of gold prices.
<h3>Technical Analysis Of Gold</h3>
<a href="https://www.benzinga.com/files/u117641/xauusdh4_25.png"><img alt="" src="https://www.benzinga.com/files/u117641/xauusdh4_25.png" style="height:275px; width:624px" /></a>
Gold has broken through the resistance at 2611.00 USD and is now targeting 2672.00 USD. Upon reaching this level, a corrective movement back to 2611.00 USD may occur, followed by another growth phase targeting 2750.00 USD. The MACD indicator supports this bullish outlook, with the signal line well above zero and ascending sharply.
<a href="https://www.benzinga.com/files/u117641/xauusdh1_26.png"><img alt="" src="https://www.benzinga.com/files/u117641/xauusdh1_26.png" style="height:275px; width:624px" /></a>
The H1 chart shows that gold has reached 2611.00 USD and is now consolidating around this level. The consolidation range is defined between 2603.00 USD and 2625.25 USD. A breakout above 2625.25 USD would likely lead to a continuation of the upward momentum towards 2672.00 USD, confirming the ongoing bullish trend. This scenario is corroborated by the Stochastic oscillator, with its signal line progressing towards 80, indicating sustained upward momentum.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Federal Reserve

General

Gold Reaches New Record As Investors Eye Further Rate Cuts

TD Cowen analyst Lance Vitanza maintains MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Buy and raises the price target from $195 to $200.

MSTR

TD Cowen Maintains Buy on MicroStrategy, Raises Price Target to $200

Northland Capital Markets analyst Mike Grondahl reiterates Sezzle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) with a Outperform and raises the price target from $150 to $185.

Reiteration

SEZL

Northland Capital Markets Reiterates Outperform on Sezzle, Raises Price Target to $185

CRKN

Crown PE Pipelines Division Secures $33M In Contracts For Lead Pipe Remediation, Set To Begin January 2025

<a href="https://www.globenewswire.com/Tracker?data=afIWGkduhoVWw5lazkmLDNF728FYi3fnOKz7m1KZFvViHJUntsxkVMWD9K-hYRaToZml2BsyGyge69LMPna48J12i2G6N3Xzc9SLUZvypAgDzPilFPOI8Cz4TXDDVCARtrGuLITwCQK1YlysMr-YdxsCYK0h1oIk9QURo5KyuJTXDaE_MUryiucdqKTfwVDeQyUTkENQoc8kaYSVXqyqnxcxzeTopQG5OTI5F4IqjVtebgRnY3m_nX10YTfqvDZoMHSkvc30szNezP2ztLjTig==">Capricor Therapeutics</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, today announced that it will host an investor webcast on Tuesday, September 24, 2024 at 8:30 a.m. ET to provide an update on its Duchenne muscular dystrophy (DMD) program. The update will consist of the latest regulatory updates following the Company's recent meetings with the U.S. Food and Drug Administration (FDA). &nbsp;
Webcast Details
Capricor will host a conference call and webcast at 8:30 a.m. ET on Tuesday, September 24, 2024. To participate in the conference call, please dial 1-800-717-1738 (domestic/toll-free) or 1-646-307-1865 (international) and reference the conference ID: 62574. Participants can use guest dial-in numbers above and be answered by an operator or click <a href="https://www.globenewswire.com/Tracker?data=5AKI7jB4QKUvue1lnb96fqjZ8j8GZ9V1GHZq_NN2fwCH5svNZRxBkzXgDK1zmo8eojdc3fDbDpmDahf7nxGvI9Gfoy4kfIC1AxVcgdvH0Og=">here</a> for instant telephone access. To participate via webcast, please click <a href="https://www.globenewswire.com/Tracker?data=5AKI7jB4QKUvue1lnb96fq1Zut4R0yEvi9ff6fGJhAcHs4IIHXaNrmUU8h-cxoq4GHOTrEt83z4yixgN-OUjEJrHc7J8vk4bXojG1TinhRuGXmkyE6DBubcSMxd56HjyaDC2lYDN0mrQ-yTYxyEYag==">here</a> to view the slides. A replay of the webcast will be available following the conclusion of the live broadcast and will be accessible on the <a href="https://www.globenewswire.com/Tracker?data=nFxBPfkAeaG_eZnMr2-UIo9QhrWhZNi7oPMLSSQjyOFzFyVOhMcUJwcQeiA-gOasuxefW8y_qOLX9FnMMGyoVA==">Company's website</a>.

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CAPR

Capricor Therapeutics to Provide Duchenne Muscular Dystrophy Program Update On September 24, 2024 At 8:30 a.m. ET

The U.S. Commerce Department has proposed banning key Chinese software and hardware in connected vehicles on American roads, citing national security concerns.
What Happened: The proposed regulation would effectively bar nearly all Chinese cars from entering the U.S. market. The Biden administration has expressed worries about data collection by Chinese companies on U.S. drivers and infrastructure through connected vehicles, Reuters reported on Monday.
The White House has ordered an investigation into potential dangers, including foreign manipulation of internet-connected and navigation systems in vehicles. The prohibitions would also prevent Chinese automakers from testing self-driving cars on U.S. roads.
Commerce Secretary Gina Raimondo highlighted the risks, stating, &#8220;When foreign adversaries build software to make a vehicle that means it can be used for surveillance, can be remotely controlled, which threatens the privacy and safety of Americans on the road.&#8221;
White House National Security Adviser Jake Sullivan added that the proposal would effectively ban all existing Chinese light-duty cars and trucks from the U.S. market, though Chinese automakers could seek specific authorizations for exemptions.
The proposal calls for software prohibitions to be effective in the 2027 model year, while the hardware ban would take effect in the 2030 model year or January 2029. The Commerce Department is allowing 30 days for public comment and aims to finalize the rules by Jan. 20.
See Also: <a href="https://www.benzinga.com/news/24/09/40935722/spacex-ceo-elon-musk-says-anyone-can-go-to-mars-with-spacex-but-journey-would-be-like-a-long-sea-voy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Anyone Can Go To Mars With SpaceX But Journey Would Be Like A &#8216;Long Sea Voyage In Centuries Past&#8217;</a>
Why It Matters: The proposed ban on Chinese vehicles comes amid escalating trade tensions between the U.S. and China. Just last week, the Biden administration<a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen"> imposed steep tariffs</a> on Chinese goods, including a 100% tax on electric vehicles made in China. The tariffs also cover Chinese solar panels, EV batteries, steel, aluminum, and other crucial minerals. This move aims to boost U.S. manufacturing and jobs, particularly in battleground states like Michigan, which is central to the American auto industry.
Additionally, former President Donald Trump has<a href="https://www.benzinga.com/news/24/09/40913456/trump-vows-200-tariffs-on-chinese-made-cars-in-mexico-warns-of-us-auto-industry-collapse-if-kamala-h"> vowed to impose 200% tariffs</a> on Chinese-made cars produced in Mexico, further intensifying the trade war rhetoric. Trump warned that if Kamala Harris wins the 2024 election, the U.S. auto industry could collapse within two to three years due to EV production moving to China.
On the other side, China has advised its automakers to keep <a href="https://www.benzinga.com/news/24/09/40825946/china-wants-automakers-to-safeguard-their-ev-technology-and-keep-it-within-the-country-as-companies">advanced EV technology </a>within the country, even as they expand factories abroad to avoid heavy tariffs. This strategy includes exporting knock-down kits for assembly at foreign plants, ensuring key components are still produced in China.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40968288/marjorie-taylor-greene-slams-lack-of-results-from-biden-administrations-42b-broadband-program-in-geo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Slams Lack Of Results From Biden Administration&#8217;s $42B Broadband Program In Georgia: Elon Musk Calls It &#8216;Staggeringly Bad Waste Of Money&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

US Proposes Ban On Vehicles Equipped With Chinese Software As Team Biden Cracks Down On 'Foreign Adversaries' Threatening 'Privacy And Safety Of Americans On The Road'

<ul>
<li>Production of P7 electric truck line-up to begin Q4 2024 at Roush's facility in Detroit, Michigan, with annual capacity of up to 5,000 trucks. &nbsp;</li>
<li>Motherson to manage global supply chain and logistics for U.S. production as well as on-site manufacturing and quality assurance support via Motherson SAS in Detroit.</li>
<li>Faster production ramp up, improved unit costs, and accelerated road to free-cash flow generation are expected.</li>
<li>Customers have begun securing production slots.</li>
</ul>
TEL AVIV, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Marking a significant milestone on its path to electrifying fleet vehicles across North America, <a href="https://www.globenewswire.com/Tracker?data=MFG5Eh0agCKBnZUPhm5FDLVb7p3sQvo0l_DhfAt0YDzAreuFwewdyvgbX-Sn3PBFkSAeqV5TAPkt8qmCSRvqJA==">REE Automotive Ltd.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that it has selected <a href="https://www.globenewswire.com/Tracker?data=8mg4JulcrcTcAPtOsP30OJ65LzHqL3uDXZinpMs9a2C0NJ-ifQUyIfFWMigrJhlcIvHY7pzgyyezNryRWKlvUA==">Roush Industries</a>, a leading innovative vehicle contract manufacturer, to assemble REE's P7 vehicles at Roush's Detroit-area factory. REE will continue to manufacture its proprietary REEcorner&#xAE; technology in its UK Coventry Integration Center. With a focus on speed to market and impeccable build quality, Roush's assembly team unites decades of design, engineering, machining, fabrication, testing, manufacturing, and supply chain expertise to deliver a scalable process for REE. Roush will be supported onsite by a joint REE and Motherson team, who will be responsible for overall quality assurance, logistics, and testing.
Roush, as U.S. contract manufacture for the P7 lineup, will be responsible for the assembly of full vehicles according to REE's requirements. REE's software-defined electric trucks will be assembled at Roush's Detroit based site specifically chosen for REE's requirements and designed to have a yearly capacity of up to 5,000 trucks. Motherson, a leading global automotive part supplier with whom REE signed a strategic agreement, will manage global supply chain and logistics targeting cost reduction, improved unit economics and higher margines.
REE's P7 electric commercial trucks line-up is built on top of four REEcorners&#xAE; featuring REE's disruptive x-by-wire technology. REEcorners&#xAE; pack critical vehicle components into the area between the chassis and the wheel, enabling a fully flat electric chassis end-to-end with up to 35% more interior volume for passengers, cargo and batteries. Electric vehicles built on the P7 chassis have the industry's lowest step-in height, are autonomous ready, and can be powered by either batteries or fuel cells. The P7 is well established with a network of 78 service and sales locations through 24 authorized dealers across North America with potential access to over 200 fleets in the U.S. and Canada.

REE Automotive Kick-Off U.S. Production With Roush Industries As Contract Manufacturer; Production Of P7 Electric Truck Line-Up To Begin Q4 2024 At Roush's Facility In Detroit, Michigan, With Annual Capacity Of Up To 5,000 Trucks

Wells Fargo analyst Neil Kalton maintains Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) with a Overweight and raises the price target from $250 to $300.

Wells Fargo Maintains Overweight on Constellation Energy, Raises Price Target to $300

Bittensor's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TAO</a>) single-day rally after Vice President <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40975745/kamala-harris-first-public-mention-of-cryptocurrencies-on-campaign-trail-sparks-excitement">Kamala Harris' comments</a> led traders to predict a bullish run for the artificial intelligence crypto coin.
What Happened: With a 17% single-day rally adding to the 82% seven-day rally, Bittensor has attracted several bullish traders' forecasts for the upcoming months. Satoshi Flipper predicts it to go &#8220;parabolic&#8221; once it flips the $640 level.
Crypto trader Sisyphus joked that Bittensor has a higher potential than Tesla, Nvidia, and OpenAI combined, while Daan Crypto Trader noted Bittensor&#8217;s &#8220;beautiful breakout&#8221; off the back of a "very strong move."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TAO</a> With a beautiful breakout. This was one of the cleanest charts out there and followed the idea nicely. Some consolidation would make sense to me but this has definitely changed its high timeframe trend around here. Very strong move. <a href="https://t.co/6ExrcTIiAp">https://t.co/6ExrcTIiAp</a> <a href="https://t.co/NPBMgs1yDa">pic.twitter.com/NPBMgs1yDa</a>
&mdash; Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1838097274167087286?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
DeFi Threador and Researcher ElonMoney <a href="https://x.com/0xelonmoney/status/1838168075398500386">listed</a> out the reasons for Bittensor's growth and why it could peak to a $10 billion valuation from the current $4 billion. 
Decentralized AI training, the introduction of Dynamic TAO (dTAO), and upcoming smart contracts are listed as bullish factors, as well as Bittensor&#8217;s subnets are catching attention for their innovative approaches and skilled development teams.
Also Read: &nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40618295/ai-crypto-tokens-crack-despite-nvidias-q2-earnings-beat-but-ytd-performance-aligns-with-te">AI Crypto Tokens Crack Despite Nvidia&#8217;s Q2 Earnings Beat—But YTD Performance Aligns With Tech Stock&#8217;s Blockbuster Run</a>
Why It Matters: In the past 24 hours, Artificial Intelligence (AI) tokens&#8217; market capitalization is up 6.4% to $29 billion after Democratic nominee Kamala Harris expressed her support for investments in artificial intelligence and crypto. 
At a recent fundraising event, she <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in">stated</a> that she would encourage these innovative technologies alongside consumer and investor protection.
Bittensor and other AI crypto coins like Near Protocol (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/near/usd">NEAR</a>) and Artificial Superintelligence Alliance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/fet/usd">FET</a>) rallied in the aftermath.
Bittensor has been <a href="https://x.com/bitvavocom/status/1836740428189548683?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836740428189548683%7Ctwgr%5Efc1bc5dcf93c0b2bf4da9590fd5b86f2f57ce021%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinmarketcap.com%2Fcommunity%2Farticles%2F66eda4196aed574fe594c7e0%2F">listed</a> by Bitvavo exchange and has <a href="https://www.youtube.com/watch?v=V2CVx8hGR7M">revealed</a> upcoming upgrades, including receiving EVM compatibility and implementing Ethereum smart contracts, at the Token2049 digital asset conference in Singapore.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40244865/grayscale-which-offers-bitcoin-and-ethereum-exposure-through-etfs-launches-new-crypto-fund">Grayscale, Which Offers Bitcoin and Ethereum Exposure Through ETFs, Launches New Crypto Funds For These Two Tokens</a></li>
</ul>
Image: Shutterstock

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This AI Crypto Coin Skyrocketed 17% After Kamala Harris Backed AI And Crypto Investments: Here's The Level When It Could Go 'Parabolic'

Wells Fargo analyst Edward Kelly maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Overweight and raises the price target from $81 to $88.

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