Latest news for Kid Brands (OTC:KIDBQ) Stock

Kid Brands Inc is a designer, importer, marketer and distributor of branded infant and juvenile consumer products.

Kid Brands Inc

The market mood appears to have soured as the index futures slid early Friday, which is expected to be volatile due to the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40948624/traders-brace-for-friday-volatility-as-over-5-trillion-in-options-expire-could-trip">triple witching phenomena. </a> There could be a lack of incentive to buy for want of any major Main Street catalysts, as some economists have begun flashing the danger of a hard landing. Negative reaction to earnings released late Thursday may also serve as a dampener
Triple-witching refers to the simultaneous expiration of stock options, index options and index futures contracts, and the session is marked by increased volume and high volatility. This quarterly event will see some $5.1 trillion worth of options tied to individual stocks, indexes and exchange-traded funds fall off the board, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-19/wall-street-s-5-1-trillion-triple-witching-is-next-market-test">reported,</a> citing data analytics firm Asym 500.
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<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.22%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.34%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.03%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.31%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.18% to $568.21 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.31% to $481.86, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Pent-up buying perked up on Wall Street on Thursday, as risky bets rallied across the board, led by tech stocks, following the Fed&#8217;s first rate cut in about 4-1/2 years. Traders also drew comfort from a few positive economic data, including an unexpected drop in weekly jobless claims, the Philadelphia regional manufacturing activity unexpectedly turning to expansion territory and a smaller-than-expected drop in Conference Board&#8217;s leading economic index.
The S&amp;P 500 Information Technology Index ended the day up 3.08%, while consumer discretionary and communication technology stocks also rose sharply. On the other hand, safe-haven consumer staples, utility and real-estate stocks pulled back modestly.
The major averages gap opened higher and moved roughly sideways before ending the session notably higher. The Nasdaq Composite Index ended at its highest level since July 16 and the S&amp;P 500 Index ended at a fresh high and in the process scaled a new intraday high.
The 30-stock Dow Jones Industrial Average also hit new intraday and closing highs, as it went past the psychological resistance of 42,000 for the first time.
Making sense of Thursday&#8217;s market rally, Jamie Cox, Managing Partner at Harris Financial Group, said, &#8220;Markets like rate cuts, especially big ones when the economy is strong.&#8221;
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+2.51%</td>
<td>18,013.98</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.70%</td>
<td>5,713.64</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.26%</td>
<td>42,025.19</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+2.10%</td>
<td>2,252.71</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fund manager Louis Navellier said the economic risk is mitigated with the Fed rate cut and a new dot plot, which suggests more cuts could be in the offing this year. The housing sector also seems to be firming up, he said. Much of the economic uncertainty has been eliminated and so all investors have left to stress about is political uncertainty, he added.
Chief Global Strategist of BCA Research Peter Berezin said the 50 basis-point cut and another 50 bps reduction the central bank is penciling in before the year-end may not ensure a soft landing.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Fed cut rates by 50 bps today and penciled in another 50 bps of cuts by yearend. Will that ensure a soft landing? I have my doubts. The Fed lowered rates by a cumulative 100 bps from January 2001 to March 2001, and the recession started one month later. Likewise, the Fed… <a href="https://t.co/YC1TKjVBcf">pic.twitter.com/YC1TKjVBcf</a>
&mdash; Peter Berezin (@PeterBerezinBCA) <a href="https://twitter.com/PeterBerezinBCA/status/1836541172136739273?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>
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The economist noted that the Fed lowered rates by a cumulative 100 bps from Jan. to March 2001 and a recession started a month later, and the central bank implemented a cut of similar magnitude between Sept. 2007 &#8211; Dec. 2007 only for the Great Recession to begin in Jan. 2008.
Investors may be hoping for a repeat of the 1994-95 episode, when Fed easing paved the way for an economic boom, the economist said. There are at least three differences between then and now, he said. In 1994-95, the tightening was fairly mild, merely a cumulative 300 bps between Feb. 1994 and Feb. 1995, as opposed to the 525 bps increase this time around, he said. Also, unlike then, the unemployment rate is rising now, he added.
The second half of the 1990s saw a &#8220;massive disinflationary capex boom&#8221; coupled with rapid productivity growth but nothing comparable is evident in the data so far, Berezin said.
Upcoming Economic Data:
<ul>
<li>Philadelphia Fed President Patrick Harker, who is a member of the rate-setting committee, is scheduled to speak at 2 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) shares fell over 13% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s first-quarter earnings miss. Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) slipped over 2.5% after earnings.</li>
<li>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) rose over 6.5% after the company announced John Donahoe will retire as CEO, effective Oct. 13, and Elliott Hill, a former Nike executive who retired in 2020, will return to take over from Donahoe.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures slipped after Thursday&#8217;s strong rally that took it past the $71-a-barrel level. Gold futures were in record territory despite the dollar coming back up. The 10-year U.S. Treasury note slid 2.5 points to 3.715%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has extended its rally, rising nearly 2% over the past 24 hours. The apex crypto, which topped $64K intraday, has eased off the day&#8217;s high and traded a little shy of the $63.5K mark.
Most major Asian markets advanced, with the exception of the Indonesian, New Zealand and Singaporean markets, while European stocks pulled back sharply in early trading after Thursday&#8217;s strong gains. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40944024/exclusive-fed-in-pro-growth-mode-will-drive-small-cap-performance-lazard-expert-say">EXCLUSIVE: Fed In &#8216;Pro-Growth Mode&#8217; Will Drive Small Cap Performance, Lazard Expert Says</a></li>
</ul>
Image Via Shutterstock

Earnings

Equities

News

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

Markets

Movers

Trading Ideas

$BTC

Wall Street Looks To Pause After S&P's Record Performance As Fed Rate-Cut Euphoria Fades And Hard-Landing Fears Surface

HC Wainwright &amp; Co. analyst Yi Chen reiterates AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) with a Buy and maintains $14 price target.

Price Target

Reiteration

Analyst Ratings

ANGO

HC Wainwright & Co. Reiterates Buy on AngioDynamics, Maintains $14 Price Target

HC Wainwright &amp; Co. analyst Mike Colonnese reiterates Hut 8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) with a Buy and maintains $13.5 price target.

HC Wainwright & Co. Reiterates Buy on Hut 8, Maintains $13.5 Price Target

ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) extended the partnership with Uniper, securing up to 10 billion cubic meters of natural gas for Northwest Europe over the <a target="_blank" href="https://www.uniper.energy/news/uniper-and-conocophillips-extend-long-term-gas-supply-partnership-in-northwest-europe" rel="noreferrer noopener">next </a>ten years.
Uniper provides municipal utilities and industrial clients with a diverse gas portfolio, including pipeline gas, LNG, and storage. It is enhancing energy security in Europe while transitioning to greener options like hydrogen and biomethane for decarbonization.
Khoa Dao, CCO ConocoPhillips, stated, &#8220;This agreement will further advance our growing LNG portfolio marketing efforts and help to ensure placement of vital gas supply into Europe.&#8221;
Carsten Poppinga, CCO Uniper, said, &#8220;We are excited to announce this significant deal, which is not only a great success for Uniper but also of central importance to energy security. This deal aims to enable us to sustainably strengthen the supply of gas in Germany and Europe on a long-term basis.&#8221;
Last month, ConocoPhillips reported second-quarter FY24 adjusted EPS of $1.98, beating the consensus of $1.96 and revenue of $14.136 billion, <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40099637/mixed-bag-for-conocophillips-q3-production-gains-amidst-earnings-pressure" rel="noreferrer noopener">which missed expectations of $14.919 billion</a>.
The company expects FY24 production of 1.93 to 1.94 MMBOED and capital <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">expenditures guidance of about $11.5 billion</a>.
Investors can gain exposure to the COP stock via&nbsp;Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OILT#NYSE">OILT</a>) and&nbsp;IShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>).
Price Action: COP shares are up 0.11% at $110.67 premarket at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/08/40553739/oil-prices-rally-as-middle-east-tensions-rise-libya-warns-of-potential-production-halt-10-energy-sto" target="_blank" rel="noreferrer noopener">Oil Prices Rally As Middle East Tensions Rise, Libya Warns Of Potential Production Halt: 10 Energy Stocks On The Move Monday</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Large Cap

Contracts

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

OILT

ConocoPhillips, Uniper Ink 10-Year Gas Supply Deal

HC Wainwright &amp; Co. analyst Kevin Dede reiterates Gryphon Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) with a Neutral.

GRYP

HC Wainwright & Co. Reiterates Neutral on Gryphon Digital Mining

EQNR

Standard Lithium And Equinor Said That Jointly-owned U.S. Subsidiary, SWA Lithium Has Been Selected For Up To $225M Award Negotiation From The U.S. Department Of Energy

At Thursday&#8217;s Geeked Week event, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) revealed several new games coming to its gaming service.
What Happened: Among the new titles announced were Street Fighter IV: Championship Edition, and Civilization VI. These games will be available to Netflix subscribers without ads or in-app purchases, <a href="https://www.cnet.com/tech/gaming/netflix-announced-all-these-games-at-its-geeked-week-presentation/">reported</a> CNET on Friday.
Netflix, known for streaming movies and TV shows, also offers mobile games for iOS and Android devices. Subscribers can access these games at no additional cost.
Other games announced include a Spongebob Squarepants puzzle game, a nautical board game, and a new installment in the Monument Valley series. Some of these titles are available now, while others will be released later this year and in 2025.
Additionally, a game based on the popular series Squid Game is in development, though its release date remains unconfirmed. Netflix has a history of releasing games alongside new seasons of its shows.
Subscribers can download these games by accessing the Netflix app on their mobile devices and navigating to the Mobile Games section.
See Also: <a href="https://www.benzinga.com/news/24/09/40911877/jeff-bezos-had-a-habit-of-keeping-an-empty-chair-for-the-most-important-person-in-the-room-at-compan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos Had A Habit Of Keeping An Empty Chair For The Most Important Person In The Room At Company Meetings</a>
Why It Matters: Netflix&#8217;s foray into gaming is part of a broader strategy to <a href="https://www.benzinga.com/general/entertainment/24/09/40945053/netflix-hits-new-52-week-highs-engagement-report-shows-bridgerton-international-titles-domi">diversify its offerings and maintain its competitive edge</a> in the streaming industry. 
Recently, Netflix hit new 52-week highs, driven by a diverse mix of international titles and genres, as highlighted in its first-half 2024 engagement report. The company ended the second quarter with 277.65 million paid members, with future growth expected from international expansion, ad-supported subscribers, and live content. 
Netflix CEO Ted Sarandos recently emphasized that there&#8217;s no such <a href="https://www.benzinga.com/general/entertainment/24/09/40901664/netflix-ceo-says-theres-no-such-thing-as-too-much-content-embraces-steve-jobs-cannibalizati">thing as too much content</a>, embracing a strategy of continuous innovation. This approach has seen Netflix evolve from a DVD-by-mail service to one of the largest streaming platforms globally. 
Additionally, Netflix&#8217;s recent <a href="https://www.benzinga.com/general/entertainment/24/09/40866331/bill-gates-new-netflix-series-features-mark-cuban-voted-most-anticipated-guest-benzinga-pol">ventures include a new docuseries</a> featuring Bill Gates, which premiered on Wednesday. The series, titled &#8220;What&#8217;s Next? The Future With Bill Gates,&#8221; covers topics such as climate change, artificial intelligence, and social media. 
Analysts like Doug Anmuth from JP Morgan have maintained an &#8220;Overweight&#8221; rating on Netflix, citing mid-teens revenue growth <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40860759/netflixs-ad-tier-expansion-and-password-crackdown-fuel-revenue-growth-jp-morgan-ana">driven by organic growth</a>, paid sharing, and price increases. The ad-tier expansion and password crackdown are expected to fuel revenue growth in the coming years.
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: 
<ul>
<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">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Entertainment

Gaming

Global

Tech

NFLX

Netflix Boosts Its Burgeoning Game Library With Civilization VI And Street Fighter IV, And You Can Play Them At No Extra Cost

HC Wainwright &amp; Co. analyst Scott Buck reiterates LightPath Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPTH#NASDAQ">LPTH</a>) with a Buy and maintains $3 price target.

LPTH

HC Wainwright & Co. Reiterates Buy on LightPath Technologies, Maintains $3 Price Target

HC Wainwright &amp; Co. analyst Kevin Dede reiterates Digihost Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGHI#NASDAQ">DGHI</a>) with a Buy and maintains $2.5 price target.

DGHI

HC Wainwright & Co. Reiterates Buy on Digihost Technology, Maintains $2.5 Price Target

Needham analyst Laura Martin maintains DoubleVerify Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) with a Buy and lowers the price target from $33 to $22.

Needham Maintains Buy on DoubleVerify Hldgs, Lowers Price Target to $22

Stephens &amp; Co. analyst Jim Salera maintains Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) with a Equal-Weight and raises the price target from $159 to $164.

Stephens & Co. Maintains Equal-Weight on Darden Restaurants, Raises Price Target to $164

Salesforce CEO Marc Benioff has criticized Microsoft Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Copilot by comparing it to the infamous &#8220;Clippy&#8221; assistant, which was <a href="https://www.benzinga.com/news/23/05/32607457/elon-musk-thinks-this-little-guy-could-be-leader-if-ai-ever-takes-over-he-might-actually-be">ultimately removed in 2007</a>.
What Happened: On Thursday,&nbsp;in an interview with Bloomberg&#8217;s Emily Chang at the Salesforce Dreamforce conference, Benioff said that Microsoft&#8217;s Copilot has not offered any value to customers. 
&#8220;Microsoft co-pilot is basically the new Microsoft Clippy that customers have not gotten value from it,&#8221; he said, adding, &#8221; These LLMs .. this is like we&#8217;re selling science projects to companies and they&#8217;re tired of it they have not gotten the value.&#8221;
Earlier this year in July, Microsoft CEO Satya Nadella disclosed that <a href="https://www.benzinga.com/news/24/07/40061358/satya-nadella-says-microsofts-copilot-drives-40-of-githubs-revenue-growth-we-are-also-enabling-anyon">Copilot has been adopted</a> by over 77,000 organizations, marking a 180% increase year-over-year.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40911877/jeff-bezos-had-a-habit-of-keeping-an-empty-chair-for-the-most-important-person-in-the-room-at-compan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos Had A Habit Of Keeping An Empty Chair For The Most Important Person In The Room At Company Meetings: This Strategy Helped The Amazon Founder Build The E-Commerce Giant We Know Today</a>
Benioff stated that customers are tired of not receiving the value they expect, which has resulted in them turning to Salesforce&#8217;s next-generation platform, Agentforce.
According to him, the company&#8217;s newly introduced AI software offers everything that customers need to create and fine-tune an agent, making it easier for them to integrate the agent into their existing workflows.
Salesforce has&nbsp;onboarded tens of thousands of&nbsp;customers, convincing them that they don&#8217;t need to &#8220;DIY their AI,&#8221; he said, adding, &#8220;You&#8217;re going to get the best AI, the highest accuracy, the lowest hallucination rate.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Salesforce CEO Marc Benioff told <a href="https://twitter.com/emilychangtv?ref_src=twsrc%5Etfw">@emilychangtv</a> his company's newly introduced artificial intelligence software is a complete package for business customers seeking to take advantage of the emerging technology <a href="https://t.co/ZXOk6iUYpe">https://t.co/ZXOk6iUYpe</a> <a href="https://t.co/ITBIM7YHbC">pic.twitter.com/ITBIM7YHbC</a>
&mdash; Bloomberg TV (@BloombergTV) <a href="https://twitter.com/BloombergTV/status/1836929194757894244?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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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: Earlier this week, Salesforce unveiled Agentforce Partner Network, the world's <a href="https://www.benzinga.com/markets/equities/24/09/40901921/salesforce-unveils-new-agentforce-partner-network-partners-with-google-cloud">first agent ecosystem</a>. The open platform enables Agentforce to handle complex tasks by connecting actions across Salesforce and a vast network of external systems and agents.
Salesforce has also <a href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know">announced a collaboration</a> with Nvidia Corporation to develop advanced AI capabilities for enterprises with autonomous agents and interactive avatar experiences.
During the announcement, the companies said that the intention is to optimize predictive and generative AI workflows by putting together the Nvidia AI platform, the Salesforce Platform, and Agentforce.
Check out more of Benzinga'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:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40914747/jpmorgan-ceo-jamie-dimon-thinks-social-media-platforms-like-tiktok-and-facebook-are-a-total-stupid-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Thinks Social Media Platforms Like TikTok And Facebook Are &#8216;A Total Stupid Waste Of Time&#8217;</a></li>
</ul>
Photo Via Shutterstock

MSFT

Salesforce CEO Marc Benioff Slams Microsoft's Copilot, Compares It To Failed 'Clippy' Assistant: '…Like We're Selling Science Projects To Companies'

The Federal Bureau of Investigation (FBI) has arrested two people suspected of stealing and laundering over $230 million in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: Malone Lam and Jeandiel Serrano were taken into custody on Wednesday night, according to a press release by the U.S. Department of Justice. The duo is accused of attempting to launder thousands of pilfered Bitcoins via mixing services.
They were slated to appear in separate federal courts in California and Florida on Thursday, the Justice Department said in a statement.
The authorities unearthed a sophisticated plan wherein the alleged thieves would drain cryptocurrencies out of victims&#8217; accounts and then launder the proceeds through various mixers and exchanges using "peel chains," pass-through wallets, and virtual private networks to conceal their identities.
The laundered funds were subsequently spent on extravagances such as international travel, nightclubs, pricey accessories, and luxury automobiles.
In the current case, the culprits robbed off 4,100 Bitcoin, worth $230 million, from a victim in Washington, D.C., last month. 
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">Donald Trump Now Trails Kamala Harris By 4 Points After 9-Point Election Odds Turnaround In Only 9 Days</a>
The theft was first reported by prominent on-chain detective ZachXBT, who, in a joint effort with security firms like CFInvestigators, zeroshadow, and the Binance Security team, helped investigators trace some of the stolen funds. 
ZachXBT added that over $9 million of the stolen assets have been frozen, and more than $500,000 have been returned to the victim.
<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">1/ An investigation into how Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano) stole $243M from a single person last month in a highly sophisticated social engineering attack and my efforts which have helped lead to multiple arrests and millions frozen. <a href="https://t.co/dcY1e9xsPd">pic.twitter.com/dcY1e9xsPd</a>
&mdash; ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1836752923830702392?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This case underscores the increasing sophistication of cybercriminals and the challenges faced by law enforcement agencies in tracking and recovering stolen cryptocurrencies. 
Earlier this month, the Federal Bureau of Investigation's Internet Crime Complaint Center (IC3) revealed that <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40799485/cryptocurrency-scams-cost-americans-5-6b-in-2023-fbi-report-shows">Americans lost a staggering $5.6 billion</a> to&nbsp;cryptocurrency-related frauds&nbsp;in 2023. 
Alarmingly, the report indicated that while cryptocurrency-related complaints accounted for only 10% of all financial fraud reports, they represented nearly half of total financial losses.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913998/jamie-dimon-says-jpmorgan-is-likely-one-of-the-bigger-users-of-blockchain-technology-but-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jamie Dimon Says JPMorgan Is Likely &#8216;One Of The Bigger Users&#8217; Of Blockchain Technology, But Calls Cryptocurrencies A &#8216;Pet Rock&#8217;</a></li>
</ul>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

FBI Arrests 2 People Allegedly Behind $230M Bitcoin Heist: Laundered Proceeds Were Spent On Globetrotting, High-End Wheels, And Designer Handbags

RBC Capital analyst Matthew Hedberg initiates coverage on CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Outperform rating and announces Price Target of $328.

Initiation

CYBR

RBC Capital Initiates Coverage On CyberArk Software with Outperform Rating, Announces Price Target of $328

VSTO

Vista Outdoor Board Of Directors Sends Letter To Stockholders Highlighting Reasons To Vote For Value Maximizing Transaction With Czechoslovak Group To Acquire The Kinetic Group And Invest In Revelyst At September 27th Special Meeting

The collaboration will include several&nbsp;Call of Duty&nbsp;titles, beginning with the launch of the highly-anticipated&nbsp;Call of Duty&reg;: Black Ops 6, releasing on October 25. The collaboration will extend across multiple product categories at CORSAIR including Drop, Elgato, ORIGIN PC and SCUF Gaming. Specific products, additional categories and more details will be announced over time.

CRSR

CORSAIR Enters Exclusive Multi-year, Full Cross-brand Partnership With Call Of Duty Franchise

Shares of NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) rose sharply in today's pre-market trading after the company announced a CEO transition.
After the market close on Thursday, Nike announced that longtime Nike veteran Elliott Hill will become president and CEO of Nike, effective Oct. 14. Hill will also become a director on the board and a member of <a href="https://www.benzinga.com/news/24/09/40948580/nike-stock-jumps-9-after-the-bell-ceo-set-to-retire">the executive committee</a>.
NIKE shares gained 7% to $86.64 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Banzai International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) gained 148.1% to $7.12 in pre-market trading. Banzai International shares fell around 18% on Thursday after the company announced a 1-for-50 reverse stock split.</li>
<li>Battalion Oil Corporation  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BATL#NASDAQ">BATL</a>) gained 119.4% to $6.45 in the pre-market trading session after the company announced it has amended its merger agreement with Fury Resources for the acquisition of all outstanding shares of Battalion at $7.00 per share in cash.</li>
<li>Leafly Holdings, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) gained 76.7% to $3.18 in pre-market trading.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) rose 53.2% to $0.19 in pre-market trading after gaining 11% on Thursday. SRIVARU Holding, on Thursday, secured Nasdaq Panel approval for continued listing amid compliance efforts.</li>
<li>Tenon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>) shares rose 41.2% to $7.10 in pre-market trading  after the company announced the issuance of three notices of allowance for patent applications from the UPSTO.</li>
<li>Alliance Entertainment Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AENT#NASDAQ">AENT</a>) gained 25.5% to $2.56 in pre-market trading after the company reported better-than-expected full-year 2024 adjusted EPS results.</li>
<li>Genfit S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNFT#NASDAQ">GNFT</a>) gained 13% to $4.88 in pre-market trading after posting H1 results.</li>
<li>Kidpik Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) rose 10.4% to $2.66 in pre-market trading.</li>
<li>Joint Stock Company Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) shares gained 6.3% to $106.10 in pre-market trading. Joint Stock Company Kaspi.Kz shares fell 16% on Thursday after Culper Research issued a report on the company.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) fell 24.5% to $0.40 in pre-market trading. Signing Day Sports shares jumped 308% on Thursday after the company announced it will acquire sports gaming technology company Swifty Global.</li>
<li>Society Pass Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) shares fell 17.4% to $0.85 in pre-market trading after gaining 22% on Thursday.</li>
<li>Neo-Concept International Group Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NYSE">NCI</a>) shares dipped 16.7% to $0.70 in pre-market trading after surging 72% on Thursday.</li>
<li>TOMI Environmental Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) fell 15.8% to $0.6398 in pre-market trading.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares declined 14.1% to $0.0839 in pre-market trading after falling 8% on Thursday.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) fell 13.2% to $3.41 in today's pre-market trading after jumping 72% on Thursday. Exicure recently announced it received an extension from the Nasdaq Hearings Panel.</li>
<li>FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) declined 13.1% to $260.92 in pre-market trading after the company reported weaker-than-expected results for the first quarter of fiscal 2025 and lowered its full-year guidance.</li>
<li>Kopin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>) shares declined 11.8% to $0.85 in pre-market trading after the company announced a public offering of common stock and pre-funded warrants.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) shares fell 11.3% to $6.21 in pre-market trading after jumping around 47% on Thursday.</li>
<li>Veea Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares fell 7.6% to $10.22 in pre-market trading after declining around 10% on Thursday. Veea recently announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.</li>
</ul>
Now Read This: 
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</ul>

AENT

BATL

BNZI

GNFT

KOPN

KSPI

LFLY

RZLV

SOPA

SVMH

TNON

TOMZ

VEEA

XCUR

Why Nike Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket

RBC Capital analyst Matthew Hedberg downgrades Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) from Outperform to Sector Perform and lowers the price target from $50 to $40.

Downgrades

RBC Capital Downgrades Rapid7 to Sector Perform, Lowers Price Target to $40

Keybanc analyst Steve Barger initiates coverage on Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) with a Overweight rating and announces Price Target of $38.

AMKR

Keybanc Initiates Coverage On Amkor Tech with Overweight Rating, Announces Price Target of $38

JMP Securities analyst Silvan Tuerkcan downgrades Notable Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTBL#NASDAQ">NTBL</a>) from Market Outperform to Market Perform.

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