Series Portfolios Trust InfraCap Equity Income Fund ETF (ARCA: ICAP)

Latest News for Series Portfolios Trust InfraCap Equity Income Fund ETF (ARCA:ICAP)

InfraCap is a long-term investor seeking to maximize investment returns over full market cycles.  To minimize risk, company prefer to invest in securities backed by long-lived assets that generate substantial streams of free cash flow.  To enhance income for more risk tolerant investors, they use modest leverage or options strategies.

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The fund, under normal conditions, will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies that pay dividends during normal market conditions. The fund invests primarily in securities of U.S. companies, but may invest in foreign securities, including securities of companies located in emerging markets. To obtain high yield and total return, the adviser will favor sectors and industries that it currently views are undervalued on a relative basis.

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	Emirates Telecommunications Group Co or Etisalat seeks a potential stake in Vodafone Group Plc&#39;s (NASDAQ: VOD) African business. 


Etisalat Ups Stake In Vodafone With No Intention To Make An Offer

Series Portfolios Trust InfraCap Equity Income Fund ETF

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has issued an apology for a <a href="https://www.benzinga.com/markets/equities/24/05/38723492/apples-new-ipad-ad-draws-fierce-backlash-from-creator-community-as-it-allegedly-celebrates-destr">controversial advertisement</a> for its new iPad Pro, which has now been pulled from TV.
What Happened: The ad, titled &#8220;Crush,&#8221; was released on Tuesday and was met with criticism from the creative community. It depicted various creative tools —from a piano, to a camera, to cans of paint— being crushed by an industrial crusher, leaving only the new iPad Pro intact.
The ad was intended to showcase the <a href="https://www.benzinga.com/news/24/05/38673436/apple-launches-ipad-pro-with-m4-chip-oled-display-at-999-ipad-air-6-now-comes-in-two-sizes-for-the-f">creative potential of the new iPad Pro</a>, but it was interpreted by many&nbsp;as a grim representation of&nbsp;technology crushing human creativity,&nbsp;<a href="https://adage.com/article/digital-marketing-ad-tech-news/apple-apologizes-ipad-pro-crushed-ad-it-missed-mark/2559321">reported</a>&nbsp;Ad Age.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38725610/chatgpt-creator-sam-altman-feels-its-a-massive-massive-issue-that-we-dont-take-ais-threat-to-jobs-an?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">ChatGPT Creator Sam Altman Feels It&#8217;s A &#8216;Massive, Massive Issue&#8217; That We Don&#8217;t Take AI&#8217;s Threat To Jobs And Economy &#8216;Seriously Enough&#8217;</a>
Apple&#8217;s VP of marketing communications, Tor Myhren, issued an apology, stating, &#8220;Our&nbsp;goal is to always celebrate&nbsp;the myriad of ways users&nbsp;express themselves and bring their&nbsp;ideas to life through iPad.&nbsp;We missed the mark with&nbsp;this video, and we're sorry.&#8221;
Although the advert remains online on Cook's X account and YouTube, Apple has canceled plans to show it on TV.&nbsp;
Several social media users also made unfavorable comparisons with Ridley Scott's <a href="https://www.benzinga.com/general/education/24/02/37042612/if-you-invested-1-000-when-apple-aired-its-famous-1984-super-bowl-commercial-heres-how-much-you">iconic 1984 Apple Macintosh ad</a>, which portrayed an Orwellian future being challenged by a sledgehammer-wielding heroine and had the tagline "You'll see why 1984 won't be like ‘1984'." 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It is a heartbreaking, uncomfortable, and egotistic advertisement. When I see this result, I&#39;m ashamed to buy Apple products since nineteen years.
&mdash; Hiroki Akiyama (@akiroom) <a href="https://twitter.com/akiroom/status/1787897864183759236?ref_src=twsrc%5Etfw">May 7, 2024</a></blockquote>
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Why It Matters: The new&nbsp;<a href="https://www.benzinga.com/news/24/05/38673436/apple-launches-ipad-pro-with-m4-chip-oled-display-at-999-ipad-air-6-now-comes-in-two-sizes-for-the-f">iPad Pro comes with an M4 chip and OLED display</a>, and the iPad Air 6 has also received a hardware update as it is now available in two screen sizes for the first time.
Apple&#8217;s iPad sales are expected to&nbsp;<a href="https://www.benzinga.com/news/24/05/38692648/apples-ipad-sales-to-get-a-nice-boost-this-year-but-expect-a-decline-in-2025-says-gene-munster">surge this year</a>, but Deepwater Asset Management&#8217;s Gene Munster has predicted a decline in 2025. &#8220;Looking into 2025, I expect the iPad to be on a steady decline of around 2% as the segment is impacted by the reality of infrequent upgrades,&#8221; he said earlier.
Meanwhile, tech YouTuber Marques Brownlee said that while the <a href="https://www.benzinga.com/news/24/05/38693493/youtube-tech-reviewer-mkbhd-scoffs-at-apples-new-ipad-lineup-its-a-spec-bump">new iPads come with impressive spec bumps</a>, their software prowess is still lacking. "We have these&nbsp;really&nbsp;impressive spec-bumped iPad Pros, the most powerful iPads of all time the thinnest Apple devices&nbsp;literally&nbsp;ever made, but the list of things it can do, is the same as my 3-year-old M1," he said.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38689467/elon-musk-isnt-sure-apples-showed-its-entire-30b-r-d-prowess-with-new-ipads-maybe-they-have-some-sec?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Isn&#8217;t Sure If Apple Showed Its Entire $30B R&amp;D Prowess With New iPads: &#8216;Maybe They Have Some Secret Products…&#8217;</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.
Photo courtesy: Apple

AAPL

Apple Says Sorry And Pulls Controversial iPad Pro 'Crush' Ad From TV: 'We Missed The Mark With This Video'

Leading cryptocurrencies surged late on Thursday as <a href="https://www.benzinga.com/markets/equities/24/05/38734795/unemployment-claims-surge-more-than-expected-hit-8-month-peak-dollar-falls-as-traders-bet-on-rat" target="_blank" rel="noreferrer noopener">the latest jobless claims data</a> fueled hopes of rate cuts among risk-on investors.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.43%</td>
<td>$62,817</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>+1.39%</td>
<td>$3,025.76</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+4.60%</td>
<td>$0.151</td>
</tr>
</tbody>
</table>
</figure>
What Happened:&nbsp;Bitcoin, the market bellwether, rebounded above $62,000, reversing a three-day corrective phase that had seen it dip to $60,000.
The rally sparked speculative interest in the coin, with open interest on&nbsp;Bitcoin's&nbsp;largest derivatives exchange, the Chicago Mercantile Exchange, rising by 1.83% in the last 24 hours.
However, derivatives traders opted to bet against the market, with the number of traders taking bearish short positions on the apex cryptocurrency significantly outnumbering those betting on its price increase in the last 24 hours.
The largest memecoin by market cap,&nbsp;Dogecoin&nbsp;gained 4.6% in the last 24 hours.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Akash Network (AKT)</td>
<td>+29.32%</td>
<td>$5.89</td>
</tr>
<tr>
<td>The Graph (GRT)</td>
<td>+12.87%</td>
<td>$0.297</td>
</tr>
<tr>
<td>THORChain (RUNE)</td>
<td>+10.70%</td>
<td>$6.33</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap stood at $2.32 trillion at the last check, rising 2% in 24 hours.
Stock markets saw an uptick during the day following higher-than-expected U.S. jobless claims data. The Dow Jones Industrial Average rose for the seventh consecutive day, up 0.85% to close at 39,387.76 points. The S&amp;P 500 gained 0.51% to end at 5,214.08, while the tech-heavy Nasdaq Composite added 0.27% to finish at 16,346.26.
New data revealed initial claims for unemployment benefits at 231,000 for the week ending May 4, higher than the&nbsp;market's&nbsp;estimate and the highest since late August 2023.
See&nbsp;More:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-crypto-scanners" rel="noreferrer noopener">Best Cryptocurrency Scanners</a>
Analyst Notes:&nbsp;Rekt Capital, a prominent cryptocurrency analyst and trader, described&nbsp;Bitcoin&#8217;s&nbsp;current decline as the deepest, at 23.6%, surpassing the 22.9% retrace from early 2023.
The analyst also noted that this was one of the longest pullbacks in the cycle, with the corrective phase lasting nearly 50 days.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Deepest pullback in this cycle? This current retrace is officially the deepest (-23.6%), recently eclipsing the -22.9% retrace from early 2023 Longest pullback in this cycle? 63 days This current pullback is -23.6% deep and almost 50 days long Bitcoin has already… <a href="https://t.co/vAz7N16ZdE">pic.twitter.com/vAz7N16ZdE</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1788635937552900359?ref_src=twsrc%5Etfw">May 9, 2024</a></blockquote>
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On-chain analytics firm Santiment observed that sentiment toward leading coins in the market was still negative.
The mood dramatically shifted since&nbsp;Bitcoin's&nbsp;latest halving, the firm added, before which an overtly&nbsp;"Greed"&nbsp;vibe dominated the market.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f612; The sentiment toward <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a>&#39;s top cap assets is still rather negative. This has been the case since the April 19th <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/halving?src=hash&amp;ref_src=twsrc%5Etfw">#halving</a> didn&#39;t immediately result in rising market caps throughout <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw">#cryptocurrency</a>. With uncertainty high, small wallets dropping out of the sector may be… <a href="https://t.co/7FXYheGnX0">pic.twitter.com/7FXYheGnX0</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1788600960090341440?ref_src=twsrc%5Etfw">May 9, 2024</a></blockquote>
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However, just as super bullishness prepared the way for a correction then, the current Fear, Uncertainty, and Doubt (FUD) might ultimately lead to a rebound.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38736514/donald-trump-says-you-better-vote-for-him-if-youre-pro-crypto-but-has-he-always-been-fine-">Donald Trump Says &#8216;You Better Vote&#8217; For Him If You&#8217;re Pro-Crypto: But Has He Always Been &#8216;Fine With It&#8217;?</a>
Image via Shutterstock

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Bitcoin, Ethereum, Dogecoin Surge After Jobless Claims Data Boosts Risk-On Sentiment: Analyst Wonders If Apex Crypto Is Undergoing 'Deepest Pullback' In This Cycle

ChatGPT parent OpenAI is reportedly set to announce its AI-powered search product on Monday, <a href="https://www.benzinga.com/news/23/04/31828459/google-reportedly-goes-into-panic-as-samsung-considers-microsofts-bing-ai-for-default-search-engine">potentially intensifying its rivalry</a> with Alphabet Inc.&#8217;s (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>) Google.
What Happened: The announcement, which is&nbsp;subject to change, has not&nbsp;been previously disclosed. It might coincide with the day preceding <a href="https://www.benzinga.com/news/large-cap/23/05/32324579/google-io-2023-highlights-ai-progress-palm-2-challenges-chatgpt-and-introduces-cutting-edge-ai-pow">Google&#8217;s annual I/O conference</a>, scheduled to commence on Tuesday, during which the technology powerhouse is anticipated to reveal numerous AI-related products,&nbsp;reported&nbsp;Reuters, citing two people familiar with the matter. 
Previously, it was reported that Sam Altman-led OpenAI&#8217;s search&nbsp;<a href="https://www.benzinga.com/news/24/02/37151060/openai-could-be-preparing-for-what-its-moneybags-microsoft-failed-to-do-defeat-google-at-the-search">product is an extension of&nbsp;the company&#8217;s</a> AI-powered chatbot, ChatGPT, and allows it to directly pull information from the web and include citations.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38723527/elon-musk-agrees-meta-cant-be-trusted-after-zuckerberg-led-social-media-giant-hit-with-37m-fine-over?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees &#8216;Meta Can&#8217;t Be Trusted&#8217; After Zuckerberg-Led Social Media Giant Hit With $37M Fine Over Data Sharing Practices</a>
OpenAI&#8217;s ChatGPT, a chatbot product that uses advanced&nbsp;AI models to generate human-like&nbsp;responses to text prompts, has been considered&nbsp;an alternative for gathering online&nbsp;information. However, it has faced <a href="https://www.benzinga.com/news/23/07/33192580/elon-musk-highlights-chatgpts-hallucinations-but-not-everyone-is-convinced">challenges in&nbsp;providing accurate</a> and real-time information&nbsp;from the web.
OpenAI&#8217;s ChatGPT product was previously integrated&nbsp;with Microsoft Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bing for paid&nbsp;subscribers. The Satya Nadella-led company initially invested $1 billion into OpenAI in 2019, followed by another investment in 2021. Last year, the tech giant further bolstered its support by <a href="https://www.benzinga.com/news/23/01/30526359/microsoft-forges-10b-investment-deal-with-chatgpt-maker-openai-bloomberg">adding $10 billion to the investment tally</a>.
Meanwhile, Google has also <a href="https://www.benzinga.com/news/23/08/34135016/following-us-debut-google-unveils-generative-ai-powered-search-in-india-and-japan">introduced&nbsp;generative AI features</a> for its&nbsp;search engine.
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.&nbsp;
Why It Matters: OpenAI&#8217;s move to develop a web search tool was&nbsp;first reported&nbsp;in February. At the time it was reported that OpenAI was taking assistance from Bing, to work on a web search tool aimed at offering direct competition to Google.
As of July 2023, Bing maintains roughly 10.51% of the global desktop search market, whereas Google, its primary competitor, holds approximately 81.95%. Concurrently, Yahoo represents 2.67% of the market share, according to German database company Statista.
Previously, Aravind Srinivas, the CEO of AI search engine startup Perplexity AI voiced assurance in the <a href="https://in.benzinga.com/content/36691348/perplexity-ai-ceo-confident-in-rivaling-giants-like-google-chatgpt-heres-why?_gl=1&#x2A;1tv7dve&#x2A;_ga&#x2A;OTA2NzIyOTE2LjE2OTk0MDk1NDQ.&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNTMwMjk0NS41OTAuMS4xNzE1MzA0ODg0LjAuMC4w">platform&#8217;s generative AI search capabilities</a>, aiming to compete with industry giants like Google Bard (now called Gemini) and OpenAI&#8217;s ChatGPT.
In January 2024, The Browser Company unveiled Arc Search, an iOS application merging a browser, search engine, and AI to deliver a distinctive search experience.
Check out more of Benzinga's Future Of Consumer Tech by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38664076/elon-musk-says-there-should-be-more-to-life-than-just-solving-one-problem-after-another-if-you-ask-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says There Should Be More To Life Than Just &#8216;Solving One Problem After Another:&#8217; &#8216;If You Ask A Kid Anywhere Around The World&#8230;&#8217;</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
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GOOGL

MSFT

Google's New Rival May Finally Be Here — Sam Altman's OpenAI Could Launch It Just Ahead Of Search Giant's I/O Conference

<a target="_blank" href="https://www.benzinga.com/news/24/04/38197094/trumps-niece-says-jared-kushner-should-be-held-accountable-for-nexus-with-authoritarian-governments" rel="noreferrer noopener">Jared Kushner</a>,&nbsp;former White House adviser and son-in-law to&nbsp;Donald Trump,&nbsp;is reportedly&nbsp;reaching out to&nbsp;donors to support the former&nbsp;president&#8217;s&nbsp;2024 campaign.
What Happened: Kushner, who had previously distanced himself from politics, is now actively&nbsp;involved in&nbsp;promoting his&nbsp;<a target="_blank" href="https://www.benzinga.com/general/politics/24/05/38718471/trump-vs-biden-2024-election-poll-shows-tie-broken-which-candidate-gains-support-from-his-party-" rel="noreferrer noopener">father-in-law&#8217;s&nbsp;potential re-election</a>, Reuters reported, citing two sources familiar with the matter.
Kushner, who founded the Miami-based private equity firm&nbsp;Affinity Partners&nbsp;after&nbsp;Trump&#8217;s&nbsp;term ended in 2021, is&nbsp;now&nbsp;reportedly encouraging donors to attend a Trump fundraiser in New York.
It is unclear whether&nbsp;Kushner&#8217;s&nbsp;recent fundraising efforts are a one-time occurrence or a sign of his increased involvement in&nbsp;Trump&#8217;s&nbsp;2024 campaign.&nbsp;
The operation&nbsp;this time&nbsp;around&nbsp;is reportedly more disciplined and leaner than in the previous elections, as per Reuters, with&nbsp;Trump&#8217;s&nbsp;family members playing key roles.
The fundraiser&nbsp;is scheduled&nbsp;for May 14 in Manhattan, and&nbsp;Kushner&#8217;s&nbsp;parents,&nbsp;Seryl&nbsp;and&nbsp;Charles Kushner&nbsp;— who&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/08/33514320/ivankas-father-in-law-a-trump-pardonee-his-biggest-super-pac-donor-heres-how-much-he-reportedly-paid" rel="noreferrer noopener">donated $1 million to&nbsp;Trump&#8217;s&nbsp;super PAC</a>&nbsp;last year — are among the&nbsp;event&#8217;s&nbsp;co-hosts.&nbsp;Kushner has been personally reaching out to potential donors, according to sources quoted by Reuters.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-consumer-defensive-stocks" rel="noreferrer noopener">Best Consumer Defensive Stocks Right Now</a>
Why It Matters: Despite his significant role in&nbsp;Trump&#8217;s&nbsp;previous campaign and administration, Kushner had earlier stated&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37113015/jared-kushner-opts-for-quiet-life-over-trump-administration-return-hell-be-able-to-build-a-really-in" rel="noreferrer noopener">his current obligations</a>&nbsp;are to his&nbsp;"investors, to my firm, to my employees, to my partners&nbsp;and&nbsp;that&#8217;s&nbsp;what&nbsp;I&#8217;m&nbsp;planning to do."
This shift in focus could indicate a significant change in&nbsp;Kushner&#8217;s&nbsp;priorities.
Furthermore, Affinity Partners has received substantial investments from the Middle East, including a reported $2 billion from the Saudi Arabian government.&nbsp;This&nbsp;has raised concerns about potential conflicts of interest, given the political implications of these investments.
Despite his public commitment to his firm,&nbsp;Kushner&#8217;s&nbsp;recent involvement in&nbsp;Trump&#8217;s&nbsp;campaign could&nbsp;potentially&nbsp;raise further questions about his business interests and political ties.
Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38743773/trumps-china-tariff-hikes-could-smother-us-economic-growth-fitch-ratings-sounds-ala" target="_blank" rel="noreferrer noopener">Trump&#8217;s&nbsp;China Tariff Hikes Could Smother US Economic Growth: Fitch Ratings Sounds Alarm</a>
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Politics

Trump's Son-In-Law Back In Political Arena? Jared Kushner Reportedly Making Calls To Potential Donors To Attend Ex-President's New York Fundraiser For 2024 Run

In a recent interview, Jack Dorsey disclosed his reasons for leaving Bluesky, the decentralized social media platform he co-founded as an alternative to Twitter, now known as X.
What Happened: In a recent interview with journalist Mike Solana on his Pirate Wires <a href="https://www.piratewires.com/p/interview-with-jack-dorsey-mike-solana">site</a>, Dorsey explained that Bluesky was &#8220;literally repeating all the mistakes [Twitter] made as a company.&#8221;
He further elaborated that Bluesky was not following his original vision of an open-source protocol that wasn&#8217;t controlled by anyone. Instead, it was adopting similar practices to those of Twitter, such as raising money, moderating content, and having a board, on which Dorsey sat.
Dorsey then decided to shift his focus to Nostr, another Twitter alternative that promises to be a genuine open-source protocol.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38736514/donald-trump-says-you-better-vote-for-him-if-youre-pro-crypto-but-has-he-always-been-fine-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Says &#8216;You Better Vote&#8217; For Him If You&#8217;re Pro-Crypto: But Has He Always Been &#8216;Fine With It&#8217;?</a>
He also discussed the issues with Twitter, attributing them to the company&#8217;s shift from an open-source protocol to a venture-backed, for-profit company that went public with an advertising-based business model, positioning itself as a competitor to Facebook.
Why It Matters: This interview provides a rare insight into Dorsey&#8217;s perspective on the challenges faced by social media platforms. It also sheds light on his vision for a decentralized social media future and the difficulties he encountered in realizing this vision with Bluesky. This departure from Bluesky comes after a <a href="https://www.benzinga.com/news/24/05/38634153/jack-dorsey-steps-down-from-bluesky-board-amidst-controversy-at-block-refers-to-elon-musks-x-as-free">controversial period</a> at the company, which saw Dorsey stepping down from the board amid criticism of the platform&#8217;s direction.
Despite this, Dorsey&#8217;s vision for a decentralized social media future has found support from Elon Musk, who <a href="https://www.benzinga.com/news/24/05/38669520/elon-musk-is-all-hearts-for-jack-dorsey-calling-x-freedom-technology-after-quitting-twitter-killer-b">praised Dorsey&#8217;s endorsement</a> of his X platform as &#8220;freedom technology.&#8221; This further underscores the potential for a shift in the social media landscape.
Meanwhile, Dorsey has also been addressing <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38605350/bitcoin-transaction-investigation-by-doj-addressed-by-block-ceo-jack-dorsey-we-take-compli">compliance issues</a> at his other company, Block, indicating a broader trend of accountability and transparency in the tech industry.
Read Next: <a href="https://www.benzinga.com/news/24/05/38723100/elon-musk-says-2024-will-probably-be-last-election-actually-decided-by-us-citizens-after-dems-oppose?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says 2024 Will Probably Be &#8216;Last Election Actually Decided By US Citizens&#8217; After Dems Oppose Census Citizenship Question</a>
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Jack Dorsey Says He Left Twitter Alternative He Helped Create Because It Was 'Literally Repeating All The Mistakes'

TerrAscend Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tsndf#OTC">TSNDF</a>), a cannabis company with a presence in several states, reported its financial performance for the first quarter that ended March 31, 2024&nbsp;with gains in revenue and operational efficiency.
TerrAscend announced an increase in net revenue to $80.6 million, marking a 16.1% rise compared to the same period last year. The company also announced&nbsp;a cash flow from operations of $13.3 million and a healthy free cash flow of $10.5 million.
Despite the positive revenue growth, the company recorded a net loss from continuing <a href="https://www.benzinga.com/markets/cannabis/24/03/37925568/terrascend-cannabis-co-shares-expansion-plans-on-water-tower-research-podcast">operations </a>of $14.9 million, which, while substantial, is an improvement from the $19.2 million loss reported in Q1 2023.
<h3>Profitability And Efficiency</h3>
TerrAscend&#39;s gross profit margin slightly decreased to 48.0% from 48.8% year-over-year.
However, adjusted EBITDA from continuing operations rose by 33% to $16.2 million, reflecting a more efficient operational structure with an adjusted EBITDA Margin of 20.1%, up from 17.6% in Q1 2023.
<h3>Strategic Growth And Operational Achievements</h3>
The company continues to expand its<a href="https://www.benzinga.com/markets/cannabis/24/03/37723973/terrascend-rides-legal-weed-wave-despite-q4-dip-as-new-markets-offset-revenue-slide"> market reach</a>, having opened four new dispensaries and initiated adult-use sales in Maryland. This expansion, coupled with an 80% increase in <a href="https://www.benzinga.com/topic/pennsylvania-cannabis">Pennsylvania wholesale sales</a>, drove the company&#39;s revenue growth.
Jason Wild, executive chair&nbsp;of TerrAscend, <a href="https://www.benzinga.com/pressreleases/24/05/g38743684/terrascend-reports-first-quarter-2024-financial-results">highlighted</a> the company&#39;s strategic position and upcoming opportunities that could further enhance performance. &quot;With legislative movements favoring adult use in Pennsylvania and potential DEA rescheduling, we are poised for significant advancements,&quot; he said.
Scanning through cannabis spreadsheets can take some time. To learn more about investing, don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
Photo: AI-Generated Image.&nbsp;

Cannabis

Earnings

Small Cap

TSNDF

Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency

<a href="https://nypost.com/2024/05/09/business/trump-media-investor-bruce-garelick-convicted-of-insider-trading/?utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=nypost_business">Trump Media investor Bruce Garelick convicted of insider trading (nypost.com)</a>
&nbsp;
A financial executive was convicted Thursday of enabling his boss and others to <a href="https://nypost.com/2023/06/29/three-charged-with-insider-trading-tied-to-merger-with-donald-trumps-truth-social-parent-company/">make over $22 million illegally by trading off his tips</a> ahead of the public announcement that an acquisition firm was taking former President Donald Trump's media company public.
An agitated Bruce Garelick dropped his head and repeatedly wiped his face with his hands after a jury convicted him of all charges in Manhattan federal court.
Garelick, who had testified in his defense, was convicted of tipping others in 2021 to news that the special purpose acquisition company, Digital World Acquisition Corp., or DWAC, was <a href="https://nypost.com/2024/03/26/business/donald-trumps-truth-social-parent-company-goes-on-volatile-ride-in-debut-definitely-the-latest-meme-stock/">merging with Trump Media &amp; Technology Group</a>. Garelick sat on DWAC's board.
His <a href="https://nypost.com/2024/04/03/business/two-plead-guilty-to-insider-trading-tied-to-trumps-truth-social-merger/">co-defendants pleaded guilty before trial</a>, admitting that they made over $22 million illegally.
The indictment against the men did not implicate Trump, who is seeking the presidency again this year as a Republican; or Trump Media &amp; Technology Group, which owns his&nbsp;<a href="https://apnews.com/article/truth-social-donald-trump-djt-ipo-digital-world-7437d5dcc491a1459a078195ae547987">Truth Social</a>&nbsp;platform and began trading on the NASDAQ stock market on March 26.
When the events that led to the charges took place in 2021, Garelick, of Providence, RI, was chief investment officer of the New York-based venture capital firm Rocket One Capital LLC, though he has primarily worked in the Boston area throughout his career.
The firm was owned by Michael Shvartsman of Sunny Isles Beach, Florida. Shvartsman and his brother, Gerald Shvartsman of Aventura, Florida, pleaded guilty several weeks ago to insider trading charges, admitting that they made over $22 million illegally. They are scheduled to be sentenced in July.
During his testimony earlier this week, Garelick insisted that he did not possess any secrets about the potential merger when he bought securities in DWAC that eventually enabled him to earn nearly $50,000 in profits. And he said he followed the law by not sharing secrets with others.
On cross-examination, though, a prosecutor confronted him with the fact that he said, "We made $20 million dollars" after the public announcement of the merger deal.
 &nbsp;

Legal

Earlier Reported, "Trump Media Investor Convicted Of Insider Trading, Helped Others Make $22M Before Merger" - NY Post

Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) reported quarterly losses of $(1.09) per share which missed the analyst consensus estimate of $(0.81) by 34.57 percent. This is a 60.93 percent increase over losses of $(2.79) per share from the same period last year. The company reported quarterly sales of $9.05 million which missed the analyst consensus estimate of $9.10 million by 0.57 percent. This is a 19.57 percent decrease over sales of $11.25 million the same period last year.

Guidance

LFLY

CORRECTION: Leafly Holdings Q1 EPS $(1.09) Misses $(0.81) Estimate, Sales $9.05M Miss $9.10M Estimate

Curaleaf Holdings, Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>), a leading international cannabis company, reported its financial results for the first quarter of 2024. Curaleaf&rsquo;s CEO, Matt Darin, highlighted the company&#39;s focus on expanding its brand globally, leveraging significant market catalysts such as legislative changes in key regions like New York, Germany&nbsp;and several U.S. states.
<h3>Financial Performance</h3>
Curaleaf announced a first-quarter revenue of $339 million, reflecting a 2% increase year-over-year.
The adjusted gross margin rose to 48%, showcasing efficient cost management and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38386324/whos-winning-in-weed-analyst-looks-at-cannabis-markets-big-players-where-are-the-be">operational improvements</a>.
The company&#39;s Adjusted EBITDA stood at $77 million, representing 23% of the revenue.&nbsp;This figure indicates a 40 basis point enhancement compared to the same period last year, illustrating subtle yet positive <a href="https://www.benzinga.com/markets/cannabis/24/05/38559933/billions-on-the-move-tracking-market-cap-changes-in-top-cannabis-firms-after-dea-rescheduling-an">financial shifts</a>.
Despite these gains, Curaleaf reported a significant net loss of $48.3 million, signaling <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38656307/big-players-in-u-s-cannabis-could-play-the-stock-value-card-in-m-a-new-report-shows">ongoing investments</a> and expansion costs that impact short-term profitability.
<h3>Strategic Developments</h3>
The quarter saw the launch of innovative products such as Stir by Zero Proof, a fast-acting THC beverage in Illinois&nbsp;and Stiq, a new vape product in Arizona. An there was the acquisition of Northern Green Canada (NGC).
The company ended the quarter with $105 million in cash as well as&nbsp;generating $46 million in operating cash flow and $33 million in free cash flow.
<h3>Global Expansion And Market Dynamics</h3>
With the cannabis industry&#39;s <a href="https://www.benzinga.com/markets/cannabis/24/04/38531355/cannabis-stocks-and-etfs-surge-as-dea-moves-to-reschedule-marijuana">landscape evolving</a>, Curaleaf&#39;s<a href="https://www.benzinga.com/markets/cannabis/24/04/38358224/curaleaf-boosts-international-presence-with-another-cannabis-acquisition"> transition</a> from a multi-state operator (MSO) to a multi-country pperator (MCO) is timely. The company now operates in over 15 countries, with recent regulatory advancements likely to bolster its <a href="https://www.benzinga.com/markets/cannabis/24/05/38603896/credit-check-what-does-dea-rescheduling-mean-for-cannabis-credit-ratings-big-companies-risk-retu">market position</a>.
Scanning through cannabis spreadsheets can take some time. To learn more about investing, don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
Photo: AI-Generated Image.&nbsp;

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

Curaleaf Reports Q1 2024 Revenue Of $339M, 48% Gross Margin Amid Strategic Global Expansion

Jushi Holdings Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/jushf#OTC">JUSHF</a>), a leading multi-state cannabis operator, reported its financial outcomes Thursday&nbsp;for the first quarter of 2024, highlighting advancements in profitability and operational efficiency.
Jim Cacioppo, CEO of Jushi, expressed satisfaction with the company&#39;s progress, noting the increased gross profit margin and successful introduction of high-margin products. &quot;Our commitment to operational improvements and product innovation is reflected in our improved margins and Adjusted EBITDA,&quot; Cacioppo stated.
<h3>Financial Highlights</h3>
In the first quarter, <a href="https://www.benzinga.com/pressreleases/24/05/g38743278/jushi-holdings-inc-reports-first-quarter-2024-financial-results">Jushi reported</a> a total revenue of $65.5 million, underpinned by strategic <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37722460/jushi-beats-all-expectations-cannabis-company-surpasses-analysts-4q23-sales-and-pro">brand and product expansions</a>.
Despite the revenue, the company experienced a net loss of $18.4 million, marking an increase from the previous year&#39;s loss of $12.4 million in Q1 2023. This loss reflects ongoing investments in growth initiatives.
The gross profit for the period was&nbsp;$32.3 million, with a&nbsp;margin expanding to 49.4%. This improvement is attributed to Jushi&#39;s effective execution of its operational enhancement strategies.
<h3>Earnings Insights</h3>
The company&#39;s adjusted EBITDA was reported at $13.3 million, improving by $5.7 million year-over-year, which demonstrates a strengthened financial discipline and operational efficiency.
The adjusted EBITDA margin also saw an increase to 20.4%, signifying better profitability.
<h3>Operational Developments</h3>
Jushi has continued to innovate its product offerings, launching 443 new unique SKUs in Q1, a significant increase compared to Q4 2023. The company also opened its 17th Beyond Hello&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/02/37242307/jushi-holdings-revs-up-unleashing-torque-in-pennsylvania-and-virginias-cannabis-expansion">dispensary in Pennsylvania</a>, expanding its retail footprint and consumer reach.
Scanning through cannabis spreadsheets can take some time. To learn more about investing, don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
Photo: AI-Generated Image.&nbsp;

JUSHI HLDGS INC CL B by Jushi Holdings Inc.

JUSHF

Jushi Holdings Q1 2024: Cannabis Gross Margin Climbs To 49.4%, Net Loss Widens To $18.4M

Kenneth Young, B&amp;W's Chairman and Chief Executive Officer. "Despite what has historically been a seasonally softer period for our business, customer activity across all segments remains robust, reinforcing our positive outlook for 2024. We recently increased our full-year Adjusted EBITDA guidance to a range of $105 million to $115 million, excluding BrightLoop and ClimateBright expenses, following stronger-than-expected signings and commitments during the first quarter of 2024. Our commitment to operational excellence remains strong, as we continue to focus on strategically investing in future growth through our ClimateBright decarbonization platform and BrightLoop hydrogen generation technology."

Babcock & Wilcox Enterprises Says Despite What Has Historically Been A Seasonally Softer Period For Our Business, Customer Activity Across All Segments Remains Robust, Reinforcing Outlook For 2024. We Recently Increased Our Full-Year Adjusted EBITDA Guidance Of $105M-$115M

Second Quarter 2024 Outlook
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Metric</td>
<td>Guidance&#x2A;</td>
</tr>
<tr>
<td>Consolidated revenue</td>
<td>$730 - $750 million</td>
</tr>
<tr>
<td>Gross margin</td>
<td>30.7% - 31.2%</td>
</tr>
<tr>
<td>SG&amp;A as percentage of revenue</td>
<td>21.5% - 22.0%</td>
</tr>
<tr>
<td>Operating margin</td>
<td>3.0% - 3.7%</td>
</tr>
<tr>
<td>Adjusted EBITDA margin</td>
<td>11.0% - 11.5%</td>
</tr>
</tbody>
</table>
</figure>
&#x2A;Note: Guidance percentage metrics are approximate.&nbsp;&nbsp; For a reconciliation of adjusted EBITDA margin, see the table entitled "Reconciliation of Guidance Operating Margin to Guidance Adjusted EBITDA Margin" below.
Revenue in the second quarter of 2024 is expected to be 24-26% lower than prior year and 9-11% lower sequentially. Nurse and Allied Solutions segment revenue is expected to be down 36-38% year over year. Physician and Leadership Solutions segment revenue is expected to grow approximately 10% year over year. Technology and Workforce Solutions segment revenue is projected to be approximately 12% lower year over year. Second quarter estimates for certain other financial items include depreciation of $18 million, depreciation in cost of revenue of $1.8 million, non-cash amortization expense of $25 million, share-based compensation expense of $7 million, integration and other expenses of $7 million, interest expense of $16 million, an adjusted tax rate of 30%, and 38.3 million diluted average shares outstanding.

AMN Healthcare Services Sees Q2 Revenue $730M-$750M Vs $776.83M Est.

2024 Second-Quarter Revenue and Adjusted EBITDA Guidance
"For the second quarter, ISG is targeting revenues of between $65 million and $67 million and adjusted EBITDA of between $7.0 million and $8.0 million. We will continue to monitor the macroeconomic environment, including the impact of FX, inflation and other factors, and adjust our business plans accordingly," said Connors.

Information Services Group Sees Q2 Revenue $65M-$67M Vs $67.79M Est.; Adj EBITDA $7M-$8M

Former President Donald Trump spoke positively about cryptocurrency<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38739003/how-much-did-donald-trumps-crypto-portfolio-pump-after-he-said-hes-fine-with-it"> during a speech Wednesday, May 8, 2024. </a>
The comments from Trump are creating optimism for the crypto market under a potential re-election of Trump in the 2024 presidential election.
Trump Flips On Crypto Opinion: While Trump praised the cryptocurrency market during his speech, also saying his campaign would accept crypto for donations and pro-crypto voters<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38736514/donald-trump-says-you-better-vote-for-him-if-youre-pro-crypto-but-has-he-always-been-fine-"> should support him</a>, he hasn't always been supportive of cryptocurrency.
"If you like crypto in any form … if you're in favor of crypto you'd better vote for Trump," the former president said to the crowd on May 8.
Trump has been known for being vocal about a number of topics and people over the years, often sharing those opinions on social media platforms. One of the many sectors Trump has been outspoken about is the cryptocurrency sector.
In 2019, Trump spoke out about Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and cryptocurrency.
"I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air," Trump <a href="https://twitter.com/realDonaldTrump/status/1149472282584072192">tweeted </a>on July 11, 2019.
Trump also went on to call out Libra, a virtual currency that Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) was working on at the time.
"If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks."
Trump said the real currency is the U.S. dollar, which he added would remain the "most dominant currency anywhere in the world."
Investing $1,000 in Bitcoin: On the day Trump blasted Bitcoin and cryptocurrencies, the leading cryptocurrency traded between $11,158.92 and $12,144.62.
Based on the high of the day, an investor could have purchased 0.0823 BTC at the time of Trump's tweet.
That $1,000 investment would be worth $5,138.70 today based on a price of $62,438.61 for Bitcoin at the time of writing. This represents a return of 413.9%.
At its peak of $73,750.07 set in March 2024, the investment would have been worth $6,069.63, up 506.9% from the time of Trump's tweet.
Related Link:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34029277/exclusive-cathie-wood-says-bitcoin-is-key-2024-election-issue-for-young-voters" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Cathie Wood Says Bitcoin Is Key 2024 Election Issue For Young Voters</a>
Why It's Important: While he criticized Bitcoin in 2019, Trump would later use the power of cryptocurrency to launch his own <a href="https://www.benzinga.com/markets/cryptocurrency/22/12/30095836/donald-trump-nfts-are-here-how-you-can-buy-them-and-get-dinner-with-the-former-president">non-fungible token collection.</a> 
Trump has now launched three NFT collections since December 2022. Many on social media were quick to point out the previous comments against cryptocurrency by the former president at the time his NFTs launched.
The price of Bitcoin soared in 2023 and 2024, rebounding from a 2022 year that saw a drop in the price due to volatility from the<a href="https://www.benzinga.com/markets/cryptocurrency/22/11/29681030/ftx-files-for-chapter-11-bankruptcy"> bankruptcies of several </a>cryptocurrency trading platforms.
The approval of Bitcoin ETFs in 2024 increased optimism for the crypto sector and helped kick off new all-time highs for Bitcoin months later.
Skeptics of Bitcoin such as Trump have been proven wrong over the years with the price of Bitcoin soaring to new highs and gains outpacing other assets.
This article was previously published by Benzinga and has been updated.
Read Next: <a href="https://www.benzinga.com/general/social-media/24/04/38152630/if-you-invested-1-000-in-meta-platforms-stock-when-donald-trump-said-facebook-was-always-ant">If You Invested $1,000 In Meta Platforms Stock When Donald Trump Said Facebook Was Always Anti-Trump, Here&#8217;s How Much You&#8217;d Have Now</a>
Photos: Shutterstock

Education

If You Invested $1,000 In Bitcoin When Donald Trump Said The Crypto's Value Was 'Based On Thin Air,' Here's How Much You'd Have Now

NextDecade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXT#NASDAQ">NEXT</a>) reported quarterly earnings of $0.11 per share. This is a 147.83 percent increase over losses of $(0.23) per share from the same period last year.

NextDecade Q1 EPS $0.11 Up From $(0.23) YoY

Electric vehicle leader Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) began deliveries of the highly anticipated Cybertruck <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/36032944/cybertruck-delivery-event-elon-musk-highlights-teslas-best-product-says-finally-the">pickup truck in November.</a>
The vehicle is only available in the U.S. and has a long waiting list.
What Happened: The Cybertruck remains in high demand among many Tesla fans with some people even buying reservation places in line to get <a href="https://www.benzinga.com/news/23/12/36184372/tesla-cybertruck-early-reservation-spots-fetch-big-bucks-on-ebay-would-you-pay-10k-to-get-yours-asap">the vehicle on eBay.</a>
While consumers might be willing to pay a little extra to get their hands on a Cybertruck, it's unclear how much one potentially wealthy Russian spent to try and smuggle in two Cybertrucks to the country.
The Lithuanian customs office <a href="https://www.facebook.com/watch/?v=409391498690126&amp;t=0">shared </a>that it detained two Cybertrucks at the Salčininku checkpoint, which borders Lithuania and Belarus. As shared via a Facebook video, the customs office believes the vehicles may have been headed to Russia.
The Cybertrucks in question were made in 2023 and were among the first production units of the Tesla vehicle according to the video, as <a href="https://www.pcmag.com/news/lithuanian-customs-officials-seize-2-cybertrucks-being-smuggled-into-russia">shared </a>by PC Mag.
"It is suspected that these cars would later be transported and registered in Russia," the video post said according to a translation.
Lithuania is a member of the European Union, which currently doesn't allow passenger vehicle exports to Russia.
"A pre-trial investigation has been launched into smuggling and violation of international sanctions."
The drivers of the vehicles were released after questioning according to the post.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models</a>
Why It's Important: While the Cybertruck is not for sale in Europe, Tesla will be <a href="https://www.benzinga.com/news/24/04/38483089/after-china-tesla-announces-european-tour-for-cybertruck-despite-sales-being-limited-to-us">doing a marketing tour</a> of the vehicle in May and June.
It is unknown who the vehicles may have been for and the investigation may never find out.
Russian President Vladimir Putin <a href="https://www.benzinga.com/24/02/37023343/theres-no-stopping-elon-musk-says-putin-in-tucker-carlson-chat-remains-non-commital-on-releasing-imp">praised Tesla CEO </a>Elon Musk in an interview with Tucker Carlson earlier this year.
"I think there's no stopping Elon Musk," Putin said.
Putin called Musk "a smart guy" and a "talented businessman."
At least one Cybertruck made its way to Russia with the owner showing the vehicle off on YouTube, according to <a href="https://www.autoevolution.com/news/tesla-cybertruck-spotted-in-moscow-russians-not-impressed-233270.html">AutoEvolution</a>.
That vehicle was brought into Russia via Belarus. The owner said the amount paid for the Cybertruck was an offer the original purchaser couldn't refuse.
Read Next: <a href="https://www.benzinga.com/news/24/04/38483089/after-china-tesla-announces-european-tour-for-cybertruck-despite-sales-being-limited-to-us">Tesla Cybertruck The New Celebrity Fashion Accessory? Steve Aoki, Big Sean Latest To Own EV</a>
Photo: Shutterstock

Global

General

TSLA

Tesla Cybertrucks Stopped At Border On Suspicion Of Being Smuggled Into Russia: Report

Legacy Housing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGH#NASDAQ">LEGH</a>) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.58 by 3.45 percent. This is a 7.69 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $43.243 million which beat the analyst consensus estimate of $38.174 million by 13.28 percent. This is a 18.19 percent decrease over sales of $52.857 million the same period last year.

Earnings Beats

LEGH

Legacy Housing Q1 2024 GAAP EPS $0.60 Beats $0.58 Estimate, Sales $43.243M Beat $38.174M Estimate

Mercer Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) reported quarterly losses of $(0.25) per share which beat the analyst consensus estimate of $(0.26) by 3.85 percent. This is a 45.65 percent increase over losses of $(0.46) per share from the same period last year. The company reported quarterly sales of $553.430 million which beat the analyst consensus estimate of $508.000 million by 8.94 percent. This is a 5.89 percent increase over sales of $522.666 million the same period last year.

MERC

Mercer Intl Q1 2024 GAAP EPS $(0.25) Beats $(0.26) Estimate, Sales $553.430M Beat $508.000M Estimate

AMN Healthcare Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMN#NYSE">AMN</a>) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.96 by 1.04 percent. This is a 61.04 percent decrease over earnings of $2.49 per share from the same period last year. The company reported quarterly sales of $820.878 million which beat the analyst consensus estimate of $816.537 million by 0.53 percent. This is a 27.10 percent decrease over sales of $1.126 billion the same period last year.

AMN Healthcare Services Q1 2024 Adj EPS $0.97 Beats $0.96 Estimate, Sales $820.878M Beat $816.537M Estimate

Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) reported quarterly losses of $(0.19) per share which beat the analyst consensus estimate of $(0.20) by 5 percent. This is a 73.97 percent increase over losses of $(0.73) per share from the same period last year. The company reported quarterly sales of $21.639 million which beat the analyst consensus estimate of $15.342 million by 41.05 percent. This is a 0.21 percent increase over sales of $21.594 million the same period last year.

NKTR

Nektar Therapeutics Q1 2024 GAAP EPS $(0.19) Beats $(0.20) Estimate, Sales $21.639M Beat $15.342M Estimate

InfraCap Equity Income Fund ETF declares monthly distribution of $0.1800

The bulk of stock market gains since last October are due to large price increases from a handful of large-cap, tech-focused stocks.

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Latest News for Series Portfolios Trust InfraCap Equity Income Fund ETF (ARCA:ICAP)

Wednesday, December 07, 2022