 (OTC:LAYWS) Stock, Quote.Headers.trade-ideas

Manchester United (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) will report on Q4 2024.

Earnings

News

MANU

Manchester United Q4 Adj EPS $(0.20) Misses $(0.17) Estimate, Sales $179.426M Miss $189.09M Estimate

GOGO

Gogo Business Aviation, In Conjunction With Duncan Aviation, Has Completed The First Installation Of Gogo Galileo HDX On A Bombardier Challenger 300 And Has Commenced Flight Testing

Needham analyst Serge Belanger maintains Viridian Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRDN#NASDAQ">VRDN</a>) with a Buy and raises the price target from $30 to $38.

Price Target

Analyst Ratings

VRDN

Needham Maintains Buy on Viridian Therapeutics, Raises Price Target to $38

ILiAD Technologies, Llc Celebrates The Use Of Its Direct Lithium Extraction Technology At Scale At SLB's Clayton Valley Demonstration Plant, Producing High-purity, Battery-grade Lithium

Health Care

General

CSTL

Castle Biosciences Announced The Publication Of A New Study Showing That DecisionDx-melanoma Can Precisely Predict Sentinel Lymph Node Positivity Risk To Help Guide Risk-aligned Sentinel Lymph Node Biopsy Decisions

HEPS

D-MARKET Electronic Q2 EPS $(0.04) Down From $0.13 YoY

TFFP

TFF Pharmaceuticals Announced Its New Partnership With Emory University And The Biomedical Advanced Research And Development Authority To Develop A Dry Powder Inhaled Mrna-based Treatment For Influenza And Covid

On Monday, <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">at the "Glowtime" event</a>, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) released its next-generation iPhone 16 smartphones. Naturally, consumers are faced with the question of whether it is worth upgrading their already existing one-year-old premium model to iPhone 16 Pro.
For those who are trying to understand whether the upgrade is worth the investment, here are the key differences between iPhone 15 Pro and iPhone 16 Pro models:&nbsp;
Display Size, Design, And Build
The iPhone 16 Pro features a 6.3-inch display, an upgrade from the 6.1-inch screen on the iPhone 15 Pro.
While both iPhones feature an OLED display with ProMotion technology, Apple has brought down the minimum brightness on the iPhone 16 Pro to 1 nit, which should help in improving the battery life even when always-on display is enabled.
Both models have a high-end titanium frame, but the ‌iPhone 16 Pro‌ introduces a new blasted titanium finish that provides a more polished texture.
The ‌iPhone 16 Pro‌ includes an upgraded Ceramic Shield front glass, which is twice as strong as that of the ‌iPhone 15 Pro‌.
Moreover, a new Desert Titanium color has replaced the previous Blue Titanium option.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40779374/apple-announces-airpods-4-with-wireless-charging-along-with-a-new-anc-variant-prices-start-at-129" target="_blank" rel="noreferrer noopener">Apple Announces AirPods 4 With Wireless Charging, Along With A New ANC Variant: Prices Start At $129</a>
Processing Power
The iPhone 16 Pro is powered by the A18 Pro chip, which offers improved performance and efficiency over the A17 Pro in the iPhone 15 Pro.&nbsp;
This new chipset is built on a 3nm process, promising better thermal management and battery efficiency, resulting in a 15% increase in CPU speed and a 20% improvement in GPU tasks.
The iPhone 16 Pro also comes with a significant improvement in hardware-accelerated ray tracing, which is now twice as fast. It makes the lighting and reflections and more realistic when playing games. The latest model also has a 16-core Neural Engine also has 17% more memory bandwidth, making AI tasks faster.
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.
Camera Improvements
An important upgrade in the iPhone 16 Pro is the introduction of a 5X telephoto camera, replacing the 3X zoom of the 15 Pro.&nbsp;
The ultra-wide camera has also been upgraded to 48MP from 12MP, promising better detail and low-light performance.&nbsp;
Both models come with a 48-megapixel main camera, but the ‌iPhone 16 Pro‌ debuts a Fusion camera equipped with a second-generation quad-pixel sensor.
Battery Life And Charging
The ‌iPhone 16 Pro‌ delivers a significant boost in battery life, lasting up to 27 hours—an improvement of 23 hours over the ‌iPhone 15 Pro‌.
Wireless charging speeds have also seen a boost from 15W to 25W, offering a considerably faster charging experience when paired with a charger that supports 30W or higher charging speeds.
Connectivity Comparison
The iPhone 16 Pro supports Wi-Fi 7 and features a Snapdragon X75 modem, improving connectivity options compared to the iPhone 15 Pro&#8217;s Wi-Fi 6E and Snapdragon X70 modem.
Apple Intelligence
Apple Intelligence will be offered in beta on all iPhone 16 models, as well as the iPhone 15 Pro and iPhone 15 Pro Max, with Siri and device language set to U.S. English, as part of an iOS 18 update this fall.&nbsp;
Additional features and languages will be introduced over the next year.
iPhone 16 Pro Release Date And Price
Pre-orders for the ‌iPhone 16 Pro‌ will begin on Friday, Sept. 13, 2024, with the official launch and in-store availability starting on Sept. 20. The device has a starting price tag of $999 for the 128GB storage option.&nbsp;
Should You Upgrade?
For current iPhone 15 Pro users, the decision to upgrade to the iPhone 16 Pro may not be compelling unless the upgraded camera capabilities, larger display, and improved processing power are significant draws.&nbsp;
The incremental upgrades suggest that while the iPhone 16 Pro is a worthy device, it may not offer enough of a leap for every user to justify the switch.
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/24/09/40788803/iphone-16-vs-iphone-16-pro-is-pro-worth-the-premium-heres-what-you-get-more-for-the-extra-money">iPhone 16 Vs iPhone 16 Pro: Is &#8216;Pro&#8217; Worth The Premium? Here&#8217;s What You Get More For The Extra Money</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Apple

Tech

AAPL

iPhone 16 Pro Vs. iPhone 15 Pro: Should You Upgrade To Apple's Latest iPhone?

Among the presentation highlights are several new post-hoc analyses of the pivotal PULSAR trial for EYLEA HD in wet age-related macular degeneration (wAMD). These include first-time oral presentations of:
<ul>
<li>An analysis applying disease activity criteria from the faricimab Phase 3 wAMD trials to EYLEA HD to evaluate the impact on the decision for extended dosing intervals.</li>
<li>An analysis evaluating the impact of EYLEA HD on sustained fluid control throughout two years of treatment as measured by central retinal thickness and best-corrected visual acuity.</li>
<li>The safety of EYLEA HD from an analysis evaluating intraocular pressure outcomes through week 96.</li>
</ul>

Biotech

Large Cap

REGN

Regeneron Pharmaceuticals Announced New Analyses Of Eylea HD (Aflibercept) Injection 8 Mg And Eylea Injection 2 Mg Will Be Presented At The Annual Meeting Of The European Society Of Retina Specialists

D-MARKET Electronic Q2 Sales $312.06M Up From $284.59M YoY

POET

POET Technologies And Chengdu Insiga Semiconductor Technologies Announced That They will Develop And Demonstrate Laser Driver And Optical Engine Combinations For 800g And 1.6t Optical Modules

The Nasdaq 100 closed higher by over 150 points during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Dell</h3>
<ul>
<li>The Trade: Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) CEO Michael S Dell <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,397,465 shares</a> at an average price of $106.37. The insider received around $361.4 million from selling those shares.</li>
<li>What's Happening: On Sept. 10, Susquehanna analyst Mehdi Hosseini initiated coverage on Dell Technologies with a Neutral rating and announced a price target of $120.</li>
<li>What Dell Does: Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1"> latest Dell news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="895" height="826" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065707/image-82.png" alt="" class="wp-image-541879" style="width:672px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065707/image-82.png 895w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065707/image-82-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065707/image-82-768x709.png 768w" sizes="(max-width: 895px) 100vw, 895px" /></a></figure>
<h3 class="wp-block-heading">Alphabet</h3>
<ul>
<li>The Trade: Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) VP, Chief Accounting Officer Amie Thuener O&#8217;Toole <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,835 shares</a> at an average price of $151.53. The insider received around $429,588 from selling those shares.</li>
<li>What's Happening: On Sept. 10, DA Davidson analyst Gil Luria initiated coverage on Alphabet with a Neutral rating and announced a price target of $170.</li>
<li>What Alphabet Does: Alphabet is a holding company that wholly owns internet giant Google.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1">trend in GOOGL stoc</a>k. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065821/image-83.png" alt="" class="wp-image-541884" style="width:688px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065821/image-83.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065821/image-83-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065821/image-83-768x705.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO and President Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of &nbsp;&nbsp; $104.35. The insider received around $25 million from selling those shares.</li>
<li>What's Happening: U.S. antitrust authorities have reportedly initiated an early-stage investigation into NVIDIA over its potential dominance in the artificial intelligence chip market.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1">breakout in NVDA shares.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="895" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065917/image-84.png" alt="" class="wp-image-541887" style="width:676px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065917/image-84.png 895w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065917/image-84-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11065917/image-84-768x723.png 768w" sizes="(max-width: 895px) 100vw, 895px" /></a></figure>
<h3 class="wp-block-heading">Bank of America</h3>
<ul>
<li>The Trade: Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) 10% owner Warren E Buffett s<a href="https://www.benzinga.com/sec/insider-trades/">old a total of 5,797,093 shares</a> at an average price of $39.45. The insider received around $228.7 million from selling those shares.</li>
<li>What's Happening: Bank of America announced that it has increased its U.S. minimum hourly wage to $24 per hour, the latest step in the company&#8217;s commitment to $25 by 2025.</li>
<li>What Bank of America Does: Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.</li>
<li>Benzinga Pro's Insiders feature was used to track insider<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1"> trading in BAC&#8217;s shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="807" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11070017/image-1-23.png" alt="" class="wp-image-541892" style="width:592px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11070017/image-1-23.png 807w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11070017/image-1-23-285x300.png 285w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11070017/image-1-23-768x807.png 768w" sizes="(max-width: 807px) 100vw, 807px" /></a></figure>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40792510/jim-cramer-says-aes-is-very-inexpensive-recommends-buying-this-industrial-stock">Jim Cramer Says AES Is &#8216;Very Inexpensive&#8217;, Recommends Buying This Industrial Stock</a></li>
</ul>

Short Ideas

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

DELL

GOOG

GOOGL

NVDA

Nvidia, Alphabet And 2 Other Stocks Executives Are Selling

AGIO

The FDA Granted Orphan Drug Designation To Agios Pharmaceuticals' Tebapivat (AG-946) For Myelodysplastic Syndromes

SACH

Sachem Capital Announced That It Has Acquired A 20% Membership Interest For $5M In Shem Creek Capital, LLC, The Third-party Management Company Of The Shem Creek Private Credit Funds

Transocean Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) shares are trading higher premarket Wednesday. On Tuesday, the company disclosed a 365-day contract for the Deepwater Atlas with BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40803820/transocean-ltd-announces-232-million-ultra-deepwater-drillship-contract" rel="noreferrer noopener">in the U.S. Gulf of Mexico</a>.
The program is set to begin in the second quarter of 2028. The contract, including a 365-day option, is expected to add around $232 million to the backlog, excluding mobilization fees, with no additional services provided.
Last week, the company announced that a subsidiary has agreed to sell the Development Driller III and associated assets for $195 million and the Discoverer Inspiration<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40692941/why-is-transocean-stock-diving-on-tuesday" rel="noreferrer noopener"> and related assets for $147 million</a>.
The company stated that the total sale amount of $342 million will result in a non-cash charge of $630 million—$645 million in the third quarter due to asset impairment.
In July, the company reported an adjusted EPS of $(0.15), missing the estimate of $(0.10), and sales of $861 million, falling short&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g40081414/transocean-ltd-reports-second-quarter-2024-results" rel="noreferrer noopener">of the $862.6 million estimate</a>.
As of July 2024, Transocean&#8217;s backlog stood at $8.64 billion.
Investors can gain exposure to the stock via&nbsp;Exchange Traded Concepts Trust Range Global Offshore Oil Services Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFOS#NYSE">OFOS</a>) and&nbsp;SPDR Series Trust SPDR S&amp;P Oil &amp; Gas Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XES#NYSE">XES</a>).
Price Action: RIG shares are up 4.59% at $4.10 premarket at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40801677" target="_blank" rel="noreferrer noopener">Harris Predicts Trump&#8217;s Behavior In Upcoming Debate: &#8216;I Think He&#8217;s Going To Lie&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Contracts

Movers

OFOS

SPDR S&P Oil & Gas Equipment & Services ETF

Transocean Pockets $232M Drillship Contract For Deepwater Atlas: Details

ALIM

ANIP

ANI Pharmaceuticals And Alimera Sciences Announced That They Have Scheduled The Closing Of Their Transaction Pursuant To The Companies' Previously Announced Merger Agreement Before The Market Opens On Monday, September 16, 2024

Index futures are sporting caution early Wednesday as the market prepares to receive the all-important August consumer price inflation report. Vice President Kamala Harris is widely considered as the <a href="https://dash.parsely.com/benzinga.com/posts/uvH2BRT1nTC-trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as/?minutes=10">winner of the presidential debate </a>held between her and Republican candidate Donald Trump late Tuesday, and this could prove to be slightly market-negative, given the former president is viewed as market-friendly. That said, there are specific sectors that could capitalize on the outcome, including green energy stocks.
The major market-moving catalyst for the day, however, is going to be the August consumer price inflation report, which along with Thursday&#8217;s producer price inflation report could be key inputs the Federal Reserve will look into as they make their interest rate decision following the conclusion of a two-day Federal Open Market Committee meeting next Wednesday. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.31%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.28%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.37%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.55%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved down 0.25% to $547.50 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.29% to $457.35, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed Tuesday&#8217;s session on a mixed note as risk aversion perked up following Oracle Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) strong results and the implication it had for the artificial intelligence trades. The major averages started on a firm footing but lost their momentum mid-way through, as they dipped below the unchanged line by the mid-session.
 The mid-session weakness stemmed from a pullback in financial stocks after JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) gave a muted outlook at an industry conference. Energy stocks also served as drags after the WTI-grade crude oil futures plunged over 4%.
Stocks, however, staged a strong recovery, with the Nasdaq Composite and S&amp;P indices closing higher for the second straight day, while the Dow Jones Industrial Average settled modestly lower.
<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>+0.84%</td>
<td>17,025.88</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.45%</td>
<td>5,495.52</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.23%</td>
<td>40,736.96</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.02%</td>
<td>2,097.44</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fund manager Louis Navellier said in a note to clients that he expects a positive CPI report for August, premising his expectation on the shelter costs potentially continuing to moderate. He also looks ahead to a favorable producer price inflation report on Thursday as wholesale service and good costs have been soft. As a result, he expects Treasury yields to move lower.
The slower pace of the PPI inflation than the CPI inflation is due to the fact that the U.S. continues to import deflation from China, he said.
A strategist said there could be a bit of pullback, given the market is in a seasonally weak period and it is the election year. Fund Strat Global Head of Technical Strategy Mark Newton said given the fact that sentiment is not as optimistic as he would want to see, it&#8217;s going to be a hiccup. Weighing in on the headwinds, he noted that the current presidential election is highly contentious and divisive and there are two wars overseas. &#8220;Earnings though have been remarkably good and the stock market itself has been good,&#8221; he noted.
&#8220;I do suspect we probably pull back a little bit further even over the next week you can&#8217;t rule that out. So maybe to 53 and change uh then I think we probably start to turn higher after the Fed meeting,&#8221; he said.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Bureau of Labor Statistics is due to release the consumer price inflation report for August at 8:30 a.m. EDT. The consensus expectations are as follows:
<ul>
<li>CPI (m-o-m): 0.2%, flat with the July rate</li>
<li>CPI (y-o-y): 3.2%, flat with the July rate</li>
<li>Core CPI (m-o-m): 0.2%, flat with the July rate</li>
<li>Core CPI (y-o-y): 2.5%, down from 2.9% in July</li>
</ul>
</li>
<li>The Energy Information Administration will release the weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Treasury will auction 10-year notes at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell about 9% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results. and Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) declined over 3.50%, also in reaction to earnings.</li>
<li>Oxford Industries, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) is scheduled to announce its <a href="https://www.benzinga.com/calendars/earnings">quarterly results after the market close.</a></li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) plunged over 15% as the company&#8217;s owner Donald Trump&#8217;s standing in the poll was diminished after the presidential debate that was held late Tuesday.</li>
<li>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) weighed in on crypto-linked stocks such as MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rebounded strongly in early New York trading and safe haven gold held up above the $2,550 level. Bitcoin fell sharply after the presidential debate and traded down to $56.5K, as pro-crypto candidate Trump is widely believed as the loser of the face-off.
The 10-year Treasury note yield dipped 2.2 basis points to 3.622% after it dropped to its lowest level in more than a year on Tuesday (intraday).
Asian stocks fell across the board, led by the Japanese market, which weakened in reaction to the yen&#8217;s strength. Apprehension ahead of the U.S. inflation data also kept sentiment muted in the region. The European markets are seeing modest strength, although the U.K. market was slightly weaker amid the release of a slew of soft domestic economic data.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40809746/peter-schiff-raises-specter-of-early-august-like-collapse-in-risky-assets-as-dollar-falls-to-wor">Peter Schiff Raises Specter Of Early August-Like Collapse In Risky Assets As Dollar Falls To Worst Level In 9 Months Against Yen</a></li>
</ul>
Photo: Lucky Photographer via Shutterstock

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Economics

Federal Reserve

$BTC

COIN

MSTR

ORCL

WOOF

Wall Street Poised For Pullback Ahead Of August CPI Data: Strategist Says Further Dip Likely Before Rally Resumes Following Next Week's Fed Meeting

Elon Musk&#8216;s spacecraft manufacturing company SpaceX on Tuesday pinned regulatory red tape as the cause for delays in the development of its ambitious <a href="https://benzinga.com/topic/starship">Starship launch vehicle</a> whose fifth flight test is now expected in late November.
What Happened: Starship has been <a href="https://www.benzinga.com/news/24/08/40305893/starship-fifth-flight-delayed-spacex-ceo-elon-musk-gives-fresh-august-end-timeline">ready for its fifth flight test</a> since the first week of August but has been put off owing to &#8220;frivolous&#8221; and &#8220;patently absurd&#8221; licensing issues, the company said in a blog post on Tuesday. 
&#8220;Unfortunately, we continue to be stuck in a reality where it takes longer to do the government paperwork to license a rocket launch than it does to design and build the actual hardware,&#8221; SpaceX said.
The company said that it recently received a launch license date estimate of late November from the Federal Aviation Administration (FAA), marking a two-month delay from the previously communicated date of mid-September. The delay, the company said, was not based on a new safety concern but on &#8220;superfluous&#8221; environmental analysis.
Environmental Concerns Around Starship Launches: Concerns have been flagged about the Starship's water-cooled steel flame deflector spraying pollutants into the surroundings and the company&#8217;s Starbase facility having a negative impact on local flora and fauna, among others. 
SpaceX has previously disputed these claims.
&#8220;At Starbase, we implement an extensive list of mitigations developed with federal and state agencies, many of which require year-round monitoring and frequent updates to regulators and consultation with independent biological experts,&#8221; SpaceX said on Tuesday. &#8220;The narrative that we operate free of, or in defiance of, environmental regulation is demonstrably false.&#8221;
Past Flight Tests:&nbsp;SpaceX has conducted four flight tests with the Starship thus far.
SpaceX&nbsp;<a href="https://www.benzinga.com/news/24/06/39226248/elon-musk-outlines-future-starship-goals-after-successful-fourth-flight-test" target="_blank" rel="noreferrer noopener">last launched Starship</a>&nbsp;in the first half of June. During the test, the two stages of the vehicle – the Starship spacecraft and the Super Heavy booster – separated, and the booster subsequently had a soft splashdown in the Gulf of Mexico. The spacecraft ignited its engines and went into space, made a controlled re-entry to Earth, and had a soft splashdown in the Indian Ocean.
The entire flight lasted one hour and six minutes from launch. The key object of the flight was to re-enter Earth and the mission achieved it while withstanding damage to the vehicle.
The flights before accomplished less. While the spacecraft failed to reach space in the first flight, it reached space and exploded in the second test flight. During the third flight test, the spacecraft broke apart when re-entering Earth&#8217;s atmosphere from space.
Upcoming Flight: The two-stage Starship is touted as the world's most powerful launch vehicle, standing 121 meters tall and weighing approximately 5,000 tonnes. For the upcoming flight, SpaceX&#8217;s goal is to&nbsp;catch Starship&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/06/39543299/spacex-preparing-to-catch-starship-booster-at-starbase-during-next-test-flight-instead-of-splashing" target="_blank" rel="noreferrer noopener">booster stage back at Starbase</a>&nbsp;using the launch tower's mechanical arms, marking a significant demonstration of Starship&#8217;s reusability.
The company is relying on frequent test flights to test and enhance the capability of the vehicle. Musk said in March that Starship is expected to have at least six test flights this year. However, only two test flights have been completed to date in 2024. 
Starship is key to NASA&#8217;s dreams of taking humans back to the surface of the Moon.
NASA&#8217;s Artemis 3 mission slated to launch no earlier than September 2026 is expected to enable humans to land back on the surface of the moon with the help of a lunar lander variant of SpaceX's Starship spacecraft. The last time humans set foot on the Moon was in 1972&nbsp;<a href="https://www.benzinga.com/news/24/01/36692749/just-a-worse-version-of-apollo-elon-musk-baffled-by-nasa-veterans-push-to-ditch-spacex-blue-origin-a" target="_blank" rel="noreferrer noopener">with Apollo 17</a>. Since then, no crew has traveled beyond low-Earth orbit.
Musk, meanwhile, is eyeing<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing"> taking humans to Earth&#8217;s neighboring planet Mars</a> aboard the Starship.
&#8220;We will never get humanity to Mars if this continues,&#8221; Musk said about the regulatory hurdles Starship is faced with on Tuesday. 
<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">We will never get humanity to Mars if this continues <a href="https://t.co/iwTSbjRygE">https://t.co/iwTSbjRygE</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1833557568326930760?ref_src=twsrc%5Etfw">September 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40808924/tesla-robotaxi-event-to-be-held-in-los-angeles-on-1010-says-senior-company-exec-existing-shareholder" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Event To Be Held In Los Angeles On 10/10, Says Senior Company Exec: Existing Shareholders Stand To Win A Chance To Attend In Person</a></li>
</ul>
Photo via Shutterstock

SPACE

After Starship Test Flight Is Pushed Back To November, SpaceX Says It 'Takes Longer' To Do Paperwork 'Than It Does To Design And Build' The Rocket: Elon Musk Says 'We Will Never Get Humanity To Mars If This Continues'

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ZCAR

Zoomcar Partner With India's Mappls MapmyIndia To Enhance Road Trips And Travel With AI-Powered Integration

Guidance

Designer Brands Lowers FY24 Outlook: Sees Adjusted EPS Of $0.50 - $0.60 Vs. $0.76 Estimate (Prior View: $0.70 - $0.80)

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