iRhythm Technologies Stock (NASDAQ: IRTC)

iRhythm Technologies (NASDAQ:IRTC) Stock, Quote.Headers.trade-ideas

iRhythm Technologies

iRhythm Technologies Inc is a commercial-stage digital healthcare company redefining the way cardiac arrhythmias are clinically diagnosed by combining wearable biosensing technology with cloud-based data analytics and machine-learning capabilities. The company's portfolio includes ambulatory cardiac monitoring services on a platform, called the Zio service, which combines an easy-to-wear and unobtrusive biosensor that can be worn for several days with powerful proprietary algorithms that distill data from millions of heartbeats into clinically actionable information. The company derived its revenue from the United States.

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Top performing mid-cap stocks last week: BILI (+23%), IBRX (+22%), SSL (+20%), OLLI (+15%), ITCI (+13%), AMKR (+12%), IRTC (+11%), RKLB (+11%), BFH (+10%), BRFS (+10%).

China&#39;s Bilibili And Ollie&#39;s Bargain Outlet Were Among 10 Mid Cap Stocks With Biggest Gains In The Last Week (June 16-June 22, 2024): Are They In Your Portfolio?

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This Skyworks Solutions Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

iRhythm Technologies, Inc. - Common Stock

iRhythm Technologies Inc

Macro Economic Events

Econ #s

Economics

U.K. Core Retail Sales (YoY) For August 2.3% Vs. 1.1% Est.; 1.4% Prior

U.K. Core Retail Sales (MoM) For August 1.1% Vs. 0.5% Est.; 1.0% (Revised) Prior

TRIN

Reported Earlier, Trinity Capital Expands Credit Facility To $510M With $70M Boost From New Lenders

Ascendis estimates the net proceeds from the offering will be approximately&nbsp;$281.3 million&nbsp;(assuming no exercise of the underwriters&#39; option to purchase additional ADSs), after deducting the underwriting commissions and estimated offering expenses. Ascendis intends to use the net proceeds of the offering to support the commercial preparations, launch and commercial activities, clinical development and regulatory approvals for its products and product candidates, and for working capital and general corporate purposes.

ASND

Reported Earlier, Ascendis Pharma Prices $281.3M Public Offering Of 2M ADSs At $150/ADS

Leveraging NVIDIA accelerated computing and offering personalized drinks, Scorpion is expected to save costs, generate revenue, and provide an unforgettable customer experience

Reported Earlier, Richtech Robotics Launches Scorpion, An AI-Driven Single-Arm Beverage Service Robot, And Secures 500-Unit Distribution Deal Over Five Years

Agreement designed to foster collaboration and usage of quantum computing solutions for optimization and AI applications

QBTS

Reported Earlier, D-Wave And Staque Join Forces To Accelerate Annealing Quantum Computing Adoption Across The Middle East

The gross proceeds from the sale of the shares by the Selling Stockholders will be approximately $2.2 billion. Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Secondary Offering is expected to close on September 23, 2024, subject to customary closing conditions.
In addition, Diamondback has agreed to purchase from the underwriters 2,000,000 shares of common stock that are the subject of the Secondary Offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the &quot;Share Repurchase&quot;) under Diamondback&#39;s existing share repurchase program. Diamondback plans to fund the Share Repurchase from existing cash on hand. The underwriters will not receive any compensation for the shares being repurchased by Diamondback in the Share Repurchase.

FANG

Reported Earlier, Diamondback Energy Prices Upsized $2.2B Secondary Common Stock Offering Of 12.77M Shares

YouTube, a subsidiary of&nbsp;Alphabet Inc.&#8217;s&nbsp;(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, has announced the implementation of &#8220;Pause ads,&#8221; a feature that <a href="https://www.benzinga.com/news/23/11/35613857/youtubes-war-against-ad-blockers-leads-to-record-uninstalls-but-users-are-fighting-back">displays advertisements</a> even when a video is paused.
What Happened: On Thursday, YouTube confirmed the broad rollout of &#8220;Pause ads&#8221; to all advertisers. Now, when a user pauses a video, an ad will appear&nbsp;on the side of the&nbsp;screen, <a href="https://edition.cnn.com/2024/09/19/business/youtube-ads-paused-screen/index.html">reported</a> CNN.
The new feature is intended to be &#8220;seamless for viewers&#8221; and offers an opportunity for&nbsp;them to learn more about&nbsp;a brand, a Google spokesperson told the report.
The update is seen as beneficial&nbsp;for the entire YouTube ecosystem&nbsp;and is part of the modern Connected TV (CTV) ads experience.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40932378/elon-musks-x-manages-to-dodge-brazil-ban-with-software-update-court-wants-an-explanation?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s X Manages To Dodge Brazil Ban With Software Update, Court Wants An Explanation</a>
Despite YouTube&#8217;s assertion that&nbsp;the update creates a less&nbsp;interruptive viewing experience, social media users have voiced their annoyance over the new, unavoidable ads.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Seriously <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a>? You&#39;re putting up ads when you pause a video now? I am about to install a computer in place of the fire stick so I can have an ad blocker&#8230; Your ads are getting ridiculous. <a href="https://t.co/OT4JMduGTU">pic.twitter.com/OT4JMduGTU</a>
&mdash; RoÆther (@Roaether) <a href="https://twitter.com/Roaether/status/1832186161743216724?ref_src=twsrc%5Etfw">September 6, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">nice one thing i hate when i pause a youtube video is the silence <a href="https://t.co/86sNagJ9Y4">https://t.co/86sNagJ9Y4</a>
&mdash; Keefler (@Keefler_Elf) <a href="https://twitter.com/Keefler_Elf/status/1836947769317020159?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a> Playing ads when pausing a video is an absolute trash idea. Stop trying these atrocious implementations to try to strongarm users into your subscription service. When I pause a video I want to disconnect not have to also wait to mute/pause/skip and ad.
&mdash; Cannoli Senpai (@CannoliSenpai) <a href="https://twitter.com/CannoliSenpai/status/1836956020226040198?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
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Users can still avoid ads&nbsp;with a YouTube Premium subscription, which costs&nbsp;$13.99 a month for an&nbsp;individual.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The introduction of &#8216;Pause ads&#8217; comes amid growing user frustration over the increasing number of ads on YouTube. Last year, Elon Musk agreed with millions of users worldwide that <a href="https://www.benzinga.com/news/23/10/35483941/elon-musk-agrees-with-millions-of-users-worldwide-youtube-ads-are-getting-out-of-control">YouTube ads were &#8220;getting out of control.&#8221;</a>
In May this year, some YouTube users with ad blockers installed reported that their videos were skipping to the end, a phenomenon that was speculated to be a strategy by <a href="https://www.benzinga.com/news/24/05/39054233/youtube-videos-reportedly-skipping-to-the-end-for-ad-block-users-bug-or-strategy">YouTube to counter ad blockers</a>.
YouTube has also been experimenting with new ways to prevent rampant ad-blocking on the platform, including <a href="https://www.benzinga.com/general/entertainment/24/06/39438445/youtube-steps-up-ad-blocker-crackdown-is-it-making-a-difference">server-side ad injection</a>.
Image via Shutterstock
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:
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<li><a href="https://www.benzinga.com/news/24/09/40892284/oracles-larry-ellison-predicts-police-officers-will-be-supervised-at-all-times-and-citizens-will-be?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Oracle&#8217;s Larry Ellison Predicts Police Officers Will Be Supervised &#8216;At All Times&#8217; And Citizens Will Be On Their Best Behavior Thanks To Constant AI-Powered Surveillance</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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There Is No Escaping YouTube Ads Even After Hitting The Pause Button — Disgruntled Users Cry Foul: 'An Absolute Trash Idea'

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Interest Rate Decision Unchanged At 0.25%

Reported Earlier, People's Bank of China Loan Prime Rate Unchanged At 3.35%

Reported Earlier, China Loan Prime Rate 5Y For September Unchanged At 3.85%

Reported Earlier, Japan National Consumer Price Index (MoM) For August 0.5% Vs. 0.2% Prior

Reported Earlier, Japan National Core Consumer Price Index (YoY) For August 2.8% Vs. 2.8% Est.; 2.7% Prior

&#8216;Big Short&#8217; famed investor Steve Eisman who is a senior portfolio manager at Neuberger Berman says that he has dropped his forecast after President Joe Biden drops out of the 2024 presidential elections. Eisman has previously predicted that former President Donald Trump would win the race. 
What Happened: Eisman who successfully bet against subprime mortgages before the financial crisis of 2008 said, &#8220;I withdraw the prediction,&#8221; and asserted that he had &#8220;no idea,&#8221; who would win the presidential election after Vice President Kamala Harris became the Democratic presidential candidate. Eisman <a href="https://www.bloomberg.com/news/videos/2024-09-19/eisman-says-the-election-is-a-toss-up-video">said</a> this in an interview with Bloomberg Television. 
Eisman made a case that if Democrats win in The White House and Congress &#8220;the market is going straight down,&#8221; however if the Vice President wins and Democrats do not sweep, the market will be fine. 
In contrast, Eisman forecasted that if Trump wins the race, the stocks will surge in anticipation of tax cuts. 
See Also: <a href="https://www.benzinga.com/personal-finance/24/09/40881429/warren-buffetts-daughter-asked-him-for-a-41-000-loan-to-remodel-her-kitchen-but-the-billionaire-">Warren Buffett&#8217;s Daughter Asked Him For A $41,000 Loan To Remodel Her Kitchen, But The Billionaire Told Her: &#8216;Go To The Bank Like Everyone Else&#8217;</a>
Why It Matters: Investors are currently grappling with U.S. economic uncertainty, shifts in Federal Reserve policy, and the upcoming presidential election—all contributing to a heightened demand for <a href="https://www.benzinga.com/markets/24/09/40796352/trump-vs-harris-u-s-stock-market-faces-rising-risks-amid-economic-uncertainty-and-2024-election">portfolio hedging and diversification</a>.
Election forecaster and historian Allan Lichtman made his final prediction last week on whether Trump or Harris will win the 2024 presidential election. Lichtman&#8217;s 13-key point system sees Harris win eight, Trump win three, <a href="https://www.benzinga.com/general/politics/24/09/40783924/trump-vs-harris-election-forecaster-with-9-out-of-10-accurate-predictions-makes-final-call-says-">and two still undecided</a>.
A new Morning Consult poll of likely voters shows Harris&#8217; lead growing <a href="https://www.benzinga.com/general/politics/24/09/40910999/trump-in-trouble-vice-president-harris-has-record-6-point-lead-in-2024-election-poll-after-debat">after the presidential debate</a>.
However, a CNBC survey revealed that 67% of investors believe that former President Trump would be more favorable for the stock market. Historically, the S&amp;P 500 and Nasdaq performed <a href="https://www.benzinga.com/markets/24/09/40796352/trump-vs-harris-u-s-stock-market-faces-rising-risks-amid-economic-uncertainty-and-2024-election">strongly during his tenure</a>. 
Trump has also claimed that if Harris wins the election, the <a href="https://www.benzinga.com/markets/24/09/40685476/trump-predicts-a-1929-like-market-crash-if-harris-wins-is-this-possible">market could face a 1929-like crash</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a></li>
</ul>
Image via Unsplash

Equities

Politics

Global

'Big Short' Fame Investor Drops Previous Prediction Of Trump Victory: 'The Market Is Going Straight Down' If Kamala Harris Wins White House And Democrats Sweep Congress

Memecoins on the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) blockchain rallied sharply on Thursday as the broader cryptocurrency regained momentum following the Federal Reserve's aggressive rate cut.
What happened: Canine-inspired token dogwifhat popped 6.55% in the last 24 hours, emerging as the market's biggest gainer among memecoins exceeding billion-dollar valuation. The coin's trading volume jumped 18.56% to $424 million.
Another dog-themed coin Bonk recorded gains of more than 6%, with trading volume more than doubling to $152 million.&nbsp;
Additionally, cat-themed cryptocurrency Popcat lifted 4.74%, extending its gravity-defying rally this year. The token was up an astounding 11130% year-to-date.
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<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:45 p.m. EDT)</td>
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<tr>
<td>dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+6.55%</td>
<td>$1.79</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+6.01%</td>
<td>$0.00001822</td>
</tr>
<tr>
<td>Popcat (POPCAT)</td>
<td>+4.74%</td>
<td>$0.9046</td>
</tr>
</tbody>
</table>
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Solana memecoins outperformed the more established Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based heavyweights like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), which were up 2.66% and 4.39%, respectively.
The performance of memecoins rubbed on Solana's native token SOL, which was up 3.60% in the last 24 hours.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40950912/bitcoins-reserve-asset-appeal-increased-due-to-state-of-us-federal-deficit-and-debt-says-b">Bitcoin&#8217;s Reserve Asset Appeal Increased Due To State Of US Federal Deficit And Debt, Says BlackRock: A Hedge Against &#8216;Possible Future Events&#8217; Affecting The Dollar</a>
Major cryptocurrencies were on the move following the Fed's announcement of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40924506/savvy-trader-ensures-500-000-profit-if-the-federal-reserve-cuts-25-or-50-basis-points">50 basis point cut</a> in interest rates.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has rallied nearly 6% since the announcement, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) was up more than 10%.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40951267/max-keiser-attacks-michael-saylor-for-finding-fault-with-el-salvadors-bitcoin-strategy-you">Max Keiser Attacks Michael Saylor For Finding Fault With El Salvador&#8217;s Bitcoin Strategy: &#8216;You Owe Nayib Bukele An Apology&#8217;</a></li>
</ul>

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

Cryptocurrency

$BONK

$BTC

$DOGE

$ETH

$SHIB

$SOL

$WIF

Solana-Based Memecoins Spike — Dogwifhat, Bonk Outshine Dogecoin, Shiba Inu In 24-Hour Gains

Staunch Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advocate Max Keiser slammed MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder Michael Saylor for casting aspersions on the Bitcoin strategy adopted by the Nayib Bukele-led El Salvador administration.
What Happened: Keiser took to X on Thursday to respond to Saylor&#8217;s broader argument questioning investments in Bitcoin without any expectation of a yield on it. 
During an interaction with Saifedean Ammous, the author of the famous book &#8220;The Bitcoin Standard,&#8221; Saylor asserted that El Salvador would eventually have to liquidate their Bitcoin stash to pay their expenses if they don&#8217;t get any yield on it.
&#8220;I put the question to you. What&#8217;s the point of El Salvador or your family accumulating all of your capital in Bitcoin if you expect zero yield forever and you&#8217;re never going to borrow against it,&#8221; the Bitcoin billionaire added.
Keiser, who serves as senior Bitcoin adviser to El Salvador President Nayib Bukele, did not take these observations well.
&#8220;Michael Saylor is unequivocally wrong while slandering El Salvador. El Salvador is reducing debt &amp; growing GDP (and buying more Bitcoin every day) without exposing El Salvador to the counterparty risk that Saylor is exposing his shareholders to,&#8221; Keiser hit back. &#8220;You owe Nayib Bukele an apology, dude.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40945847/donald-trump-now-trails-kamala-harris-by-4-points-after-9-point-election-odds-turnaround-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Now Trails Kamala Harris By 4 Points After 9-Point Election Odds Turnaround In Only 9 Days</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> is unequivocally wrong while slandering &#x1f1f8;&#x1f1fb; El Salvador is reducing debt &amp; growing GDP (and buying more Bitcoin every day) WITHOUT exposing &#x1f1f8;&#x1f1fb; to the counterparty risk that Saylor is exposing his shareholders to. You owe <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw">@nayibbukele</a> an apology, dude. <a href="https://t.co/8dq4YD6rGU">https://t.co/8dq4YD6rGU</a>
&mdash; Max Keiser (@maxkeiser) <a href="https://twitter.com/maxkeiser/status/1836743595572728287?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>
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Why It Matters: Keiser&#8217;s fiery response was noteworthy given his endorsement of Saylor&#8217;s Bitcoin strategy in the past.
In January, Keiser credited Saylor for taking Bitcoin &#8220;out of the shitcoin gutter&#8221; and setting the stage for Bitcoin ETF approvals.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Shout out <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> who took <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> out of the shitcoin gutter and set the stage for today's ETF approval.
&mdash; Max Keiser (@maxkeiser) <a href="https://twitter.com/maxkeiser/status/1745446454569902151?ref_src=twsrc%5Etfw">January 11, 2024</a></blockquote>
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Just last month, he heaped praise on MicroStrategy&#8217;s stock, underscoring its limitless growth potential.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There are still people who are financiers for decades who STILL don't understand what <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> is doing and that the stock LITERALLY has no top.
&mdash; Max Keiser (@maxkeiser) <a href="https://twitter.com/maxkeiser/status/1819144200614547852?ref_src=twsrc%5Etfw">August 1, 2024</a></blockquote>
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<figcaption class="wp-element-caption">El Salvador has doubled down on Bitcoin ever since adopting the world&#8217;s largest digital currency as a legal tender in 2021. The country has adopted a plan&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37763988/pro-bitcoin-president-nayib-bukele-says-el-salvador-will-purchase-btc-daily-until-king-cry" target="_blank" rel="noreferrer noopener">to buy one Bitcoin every day</a>, until it becomes unaffordable with fiat currencies.</figcaption></figure>
As of this writing, the Central American nation holds 5,878.76 Bitcoins in its reserves, worth more than $372 million. 
Price Action: As of this writing, Bitcoin was exchanging hands at $63,317.85, up 2.01% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photo Courtesy: Shutterstock.com
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40950912/bitcoins-reserve-asset-appeal-increased-due-to-state-of-us-federal-deficit-and-debt-says-b">Bitcoin&#8217;s Reserve Asset Appeal Increased Due To State Of US Federal Deficit And Debt, Says BlackRock: A Hedge Against &#8216;Possible Future Events&#8217; Affecting The Dollar</a></li>
</ul>

MSTR

Max Keiser Attacks Michael Saylor For Finding Fault With El Salvador's Bitcoin Strategy: 'You Owe Nayib Bukele An Apology'

In the wake of the most powerful typhoon to hit Shanghai in 75 years, Elon Musk, CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, has called on his Tesla Shanghai team to provide aid to those affected by the disaster.
What Happened: On Thursday, Musk took to X, formerly Twitter, and said, &#8220;Shanghai just experienced the most powerful typhoon in 75 years.&#8221;
The tech mogul then shared that he has asked the Tesla Shanghai team to assist those in distress following the devastating typhoon.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Shanghai just experienced the most powerful typhoon in 75 years! Best wishes for the resilient &amp; resourceful people of Shanghai. I have asked our Tesla Shanghai team to help anyone in distress to the best of our ability.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1836911713649586398?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/23/05/32623067/how-to-take-the-perfect-moon-shot-using-an-iphone-14?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Take The Perfect Moon Shot Using An iPhone 15</a>
Why It Matters: The typhoon, named Bebinca, made landfall near Shanghai on Monday, causing widespread damage and leading to the evacuation of hundreds of thousands of people. 
According to a BBC <a href="https://www.bbc.com/news/articles/c62ggnlw2zpo">report</a> from earlier this week, the China Meteorological Administration confirmed that the storm hit the coastal area of Lingang New City in Shanghai's east around 07:30 local time.
Chinese state media have reported it as the strongest storm to hit Shanghai in 75 years.
On Thursday, Typhoon Pulasan, the 14th of the year according to China&#8217;s meteorological authorities, made its second landfall in the country.
With wind speeds reaching up to 23 meters per second near its center, the storm struck Shanghai&#8217;s Fengxian district around 9:45 p.m. local time, after first hitting Zhejiang Province earlier in the day, <a href="https://www.chinadaily.com.cn/a/202409/20/WS66ec55a5a3103711928a8bbc.html">according</a> to China Daily.
Pulasan is the second typhoon to hit China this year, following Typhoon Bebinca
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40893054/mark-cuban-says-he-would-buy-rupert-murdochs-fox-news-and-elon-musks-x-but-there-are-some-obstacles?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says He Would Buy Rupert Murdoch&#8217;s Fox News And Elon Musk&#8217;s X But There Are Some Obstacles: &#8216;If I Had Enough… I&#8217;d Buy It In A Heartbeat&#8217;</a></li>
</ul>
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.

General

TSLA

Elon Musk Tells Tesla Shanghai Team To Help 'Anyone In Distress' After Chinese Mega City Gets Hit By Most Powerful Typhoon In 75 Years

In a move closely watched by global markets, the Bank of Japan decided on Friday to maintain its benchmark interest rate at around 0.25%.
What Happened: The decision aligns with predictions from a Reuters poll, where economists anticipated another rate hike by the end of the year.
Following the announcement, the yen remained nearly unchanged at 142.52 against the dollar. The Nikkei 225 index, which had risen by 2%, maintained its level, according to <a href="https://www.benzinga.com/pro/login">data from Benzinga Pro</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40917216/elon-musk-says-warren-buffett-is-positioning-for-kamala-harris-win-with-his-277b-cash-pile-as-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Warren Buffett Is Positioning For Kamala Harris Win With His $277B Cash Pile As Pro-Trumper John Paulson Warns Of Equity Market Exit</a>
Why It Matters: Last month, BOJ Governor Kazuo Ueda indicated that the central bank would continue to raise interest rates if the economy and <a href="https://www.benzinga.com/markets/asia/24/09/40842879/major-central-banks-slash-rates-in-sync-but-one-holdout-threatens-to-derail-bulls-momentum-carry-tra">inflation met projections</a>. 
This stance contrasts with <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">other global central banks</a>, such as the U.S. Federal Reserve, which recently cut interest rates by 50 basis points.
The BOJ had previously <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40310031/bank-of-japan-likely-to-delay-further-interest-rate-hikes-until-2024-ex-official-predicts">maintained near-zero interest rates</a> to stimulate inflation and economic growth. However, it raised the key rates to 0.25% in July, aiming to achieve a 2% inflation target. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Traders Brace For Friday Volatility As Over $5 Trillion In Options Expire: Could &#8216;Triple Witching&#8217; Spoil Fed&#8217;s Rally?</a></li>
</ul>
Image Via 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/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Asia

Federal Reserve

Bank Of Japan Leaves Interest Rate At 0.25%, Diverging From Fed's 50 Basis Point Cut

The U.S. stock market reached new heights today, following the Federal Reserve&#8217;s unexpected <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">decision to cut interest rates for the first time in over four years</a>. This bold move led to a surge in the S&amp;P 500 and Dow Jones indices, reaching all-time highs of 5,700 and 42,000 points respectively. The market rally was primarily fueled by the &#8220;Magnificent Seven&#8221; tech giants, each recording daily gains ranging from 1.5% to 4.5%.
The Dow Jones Industrial Average closed 1.3% higher at 42,025.19, while the S&amp;P 500 climbed 1.7% to 5,713.64. The Nasdaq surged 2.5% to 18,013.98.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock soared by 7.36% today, closing at $243.92. The electric vehicle maker&#8217;s shares hit an intraday high of $244.24 and a low of $232.13. The 52-week high and low for Tesla stand at $273.93 and $138.8 respectively. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40944143/wall-street-breaks-records-chipmakers-rally-tesla-hits-2-month-high-as-fed-cut-drives-risk">Tesla&#8217;s stock reached a two-month high</a> following the Federal Reserve&#8217;s rate cut.
Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)
Nike shares saw a slight increase of 0.10% today, closing at $80.98. The stock reached an intraday high of $83.12 and a low of $80.47. The company&#8217;s 52-week high and low are $123.39 and $70.75 respectively. <a href="https://www.benzinga.com/news/24/09/40948580/nike-stock-jumps-9-after-the-bell-ceo-set-to-retire">Nike announced a CEO transition</a> after the market close today, which led to a 9% jump in the company&#8217;s shares in after-hours trading. 
Nike announced that longtime company veteran Elliott Hill will take over as president and CEO, effective October 14. Hill will also join the board of directors and the executive committee. Current president and CEO John Donahoe will retire from his role on October 13, but will stay on as an advisor until January 31, 2025, to help with the transition.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40912814/amazon-told-its-staff-they-must-come-to-office-five-days-a-week-but-its-primary-healthcare-subsi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Told Its Staff They Must Come To Office Five Days A Week, But Its One Medical Subsidiary Workers R</a>
Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s stock rose by 4.82% today, closing at $88.49. The shares reached an intraday high of $88.57 and a low of $86.95. The 52-week high and low for Alibaba are $90.46 and $66.63 respectively. <a href="https://www.benzinga.com/news/24/09/40934797/alibaba-shares-rise-4-in-premarket-after-company-unveils-over-100-new-ai-models-and-text-to-video-to">The company announced the launch of over 100 new AI models</a>, which led to a 4% rise in its shares during premarket trading.
FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>)
FedEx shares increased by 0.74% today, closing at $300.39. The stock hit an intraday high of $308 and a low of $297.87. The 52-week high and low for FedEx are $313.84 and $224.69 respectively. <a href="https://www.benzinga.com/news/earnings/24/09/40948046/fedex-q1-earnings-revenue-miss-eps-miss-lowered-guidance-challenging-quarter">The company reported its first-quarter earnings</a> after the market close today, missing revenue and EPS estimates and lowering its guidance.
Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media &amp; Technology Group&#8217;s shares fell by 5.89% today, closing at $14.7. The stock reached an intraday high of $15.37 and a low of $14.56. The 52-week high and low for the company are $79.38 and $14.56 respectively. <a href="https://www.benzinga.com/news/24/09/40939390/trump-media-technology-group-stock-slides-as-lockup-expiration-looms-whats-going-on">The company&#8217;s shares traded lower</a> as lockup restrictions preventing certain insiders from selling shares are set to expire.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
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<li> <a href="https://www.benzinga.com/markets/equities/24/09/40893386/elon-musk-and-oracles-larry-ellison-begged-jensen-huang-for-nvidia-gpus-at-a-dinner-please-take-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk And Oracle&#8217;s Larry Ellison &#8216;Begged&#8217; Jensen Huang For Nvidia GPUs At A Dinner: &#8216;Please Take Our Money&#8217;</a></li>
</ul>
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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

BABA

Tesla, Nike, Alibaba, FedEx, Trump Media & Technology: Why These 5 Stocks Are On Investors' Radars Today

Elon Musk, CEO of Tesla Inc. and SpaceX, took to X (formerly Twitter) on Thursday to criticize the Federal Aviation Administration for <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">penalizing SpaceX while neglecting safety issues</a> at Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).
What Happened: According to Musk&#8217;s post, the FAA has been focusing on &#8220;petty matters&#8221; concerning SpaceX, instead of addressing significant safety concerns at Boeing. He stated that this misallocation of resources endangers human lives.
Musk referenced a letter from SpaceX to Congress, highlighting the FAA&#8217;s inability to keep pace with the commercial spaceflight industry. The letter was addressed to key members of the U.S. Congress, including Rep. Frank Lucas (R-Okla.) and Rep. Zoe Lofgren (D-Calif.), Sen.&nbsp;Ted Cruz&nbsp;(R-Texas) and Senate Commerce Committee Chair&nbsp;Maria Cantwell&nbsp;(D-Wash.).
SpaceX&#8217;s letter detailed alleged violations cited by the FAA, including the use of an unapproved propellant farm and an updated communications plan. SpaceX denied these allegations, asserting that the FAA&#8217;s actions were untimely and unrelated to public safety.
&#8220;This is deeply wrong and puts human lives at risk,&#8221; Musk wrote. 
The letter also pointed out that the FAA had approved the same propellant farm for other launches, questioning the consistency of the agency&#8217;s safety determinations. SpaceX emphasized its commitment to safety and criticized the FAA for its inefficiencies.
Musk&#8217;s post concluded with a call for change, stating, &#8220;Enough is enough,&#8221; and urging Congress to address the FAA&#8217;s shortcomings.
<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">SpaceX letter to Congress. The <a href="https://twitter.com/FAANews?ref_src=twsrc%5Etfw">@FAANews</a> leadership spends their resources attacking <a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a> for petty matters that have nothing to do with safety, while neglecting real safety issues at Boeing. This is deeply wrong and puts human lives at risk. NASA deemed the Boeing capsule… <a href="https://t.co/Y3A2F6xcv1">https://t.co/Y3A2F6xcv1</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1836923457960919224?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/09/40892013/spacex-ceo-elon-musk-says-canadian-government-is-funding-starlink-rival-for-satellite-internet-despi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Canadian Government Is Funding Starlink Rival For Satellite Internet Despite His Offer To Do It For &#8216;Less Than Half That Amount&#8217; As It Wants Its &#8216;Own System&#8217;</a>
Why It Matters: The recent criticism from Musk comes amid ongoing tensions between SpaceX and the FAA. On Thursday, Musk accused the FAA of imposing a $633,009 fine on SpaceX for regulatory violations, suggesting that the agency shows <a href="https://www.benzinga.com/markets/equities/24/09/40912464/elon-musk-accuses-faa-of-fining-spacex-over-nonsense-that-doesnt-affect-safety-amazingly-no-star">favoritism towards Boeing</a>.
Musk&#8217;s comments were in response to a post by Mario Nawfal, who criticized the FAA&#8217;s actions against SpaceX. Musk questioned why Boeing was not fined despite NASA deeming their spacecraft unsafe for returning astronauts. 
Musk stated, "Amazingly, no Starliner fines for Boeing! The FAA space division is harassing SpaceX about nonsense that doesn&#8217;t affect safety while giving a free pass to Boeing even after NASA concluded that their spacecraft was not safe enough to bring back the astronauts."
Additionally, SpaceX <a href="https://www.benzinga.com/news/24/09/40932353/spacex-continues-to-prepare-for-future-starship-flights-despite-delays-in-faa-launch-clearance-elon">continues to prepare for future Starship flights</a> despite delays in FAA launch clearance. On Thursday, SpaceX tested the engines of its Starship launch vehicle for its sixth flight test, even while its fifth flight's timeline remains uncertain. 
In a broader context, SpaceX has been making significant <a href="https://www.benzinga.com/news/24/09/40916098/elon-musks-spacex-launches-90th-mission-in-2024-with-over-a-third-of-launch-target-still-to-go">strides in its mission goals</a>. On Wednesday, the company launched its 90th mission for the year with a Falcon 9 rocket, which carried the European Commission&#8217;s Galileo L13 mission to medium Earth orbit from Florida. Despite these achievements, SpaceX still has over a third of its launch target for the year yet to go.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40893054/mark-cuban-says-he-would-buy-rupert-murdochs-fox-news-and-elon-musks-x-but-there-are-some-obstacles?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says He Would Buy Rupert Murdoch&#8217;s Fox News And Elon Musk&#8217;s X But There Are Some Obstacles: &#8216;I&#8217;d Buy It In A Heartbeat&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SPACE

Elon Musk Blasts FAA For Targeting SpaceX Over 'Petty Matters,' While Ignoring Boeing's Safety Issues: This 'Puts Human Lives At Risk'

iRhythm Technologies, Inc. 2024 Q2 - Results - Earnings Call Presentation

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iRhythm Technologies (IRTC) Forecast

iRhythm Technologies (NASDAQ:IRTC) Stock, Quote.Headers.trade-ideas