MI Technovation (OTC:MITNF) Stock, Quote.Headers.trade-ideas

MI Technovation Bhd is an investment holding company. The group is involved in the design, development, manufacture, and sale of wafer-level chip-scale packaging sorting machines with inspection and testing capabilities for the semiconductor industry. Its reportable segments include Semiconductor Equipment Business Unit, Semiconductor Material Business Unit, Semiconductor Solutions Business Unit, and Others. Its majority of revenue comes from the Semiconductor Material Business Unit segment which is Involved in the manufacturing and sale of solder spheres (also known as solder balls), a key assembly and packaging material in the semiconductor industry.

MI TECHNOVATION BERHAD by MI TECHNOVATION BERHAD

MI Technovation Bhd

OpenAI CFO Sarah Friar has characterized President-elect Donald Trump as the &#8220;president of this AI generation,&#8221; while downplaying public threats from Elon Musk.
What Happened: During an interview at the Reuters NEXT conference in New York on Tuesday, Friar highlighted that Trump is taking office during a pivotal moment in the development of critical infrastructure for advancing artificial general intelligence.
She also addressed concerns about Musk, a close adviser to Trump, stating, &#8220;We trust him&#8230;as a competitor,&#8221; and expressed confidence that the Tesla CEO would prioritize national interests.
See Also: <a href="https://www.benzinga.com/media/24/12/42407739/trump-announces-plans-to-have-dinner-with-amazon-founder-jeff-bezos-as-billionaire-rivals-turn-unexpected-allies-after-years-of-clashes?itm_source=parsely-api">Trump Announces Plans To Have Dinner With Amazon Founder Jeff Bezos As Billionaire Rivals Turn Unexpected Allies After Years Of Clashes</a>
Friar, who joined OpenAI six months ago, also spoke about the demand for their new video generation tool, Sora. Account creation for Sora has been paused to ensure a measured release.
Why It Matters: Musk, who co-founded OpenAI, has been critical of its corporate restructuring. The tech mogul now leads xAI, a competitor to ChatGPT-parent.
Trump has also appointed Musk and Vivek Ramaswamy to lead the <a href="https://www.benzinga.com/24/11/42253427/elon-musks-doge-dream-team-from-marc-andreessen-to-ubers-travis-kalanick-silicon-valley-titans-join-forces-to-overhaul-federal-spending">Department of Government Efficiency</a>, which aims to cut federal spending by up to $2 trillion.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Earlier, OpenAI CEO Sam Altman also expressed <a href="https://www.benzinga.com/24/12/42334927/sam-altman-brushes-off-elon-musks-trump-ties-but-admits-xai-is-a-serious-threat-to-openai-i-may-turn-out-to-be-wrong-but">confidence in Musk&#8217;s integrity</a> despite his political ties. &#8220;I may turn out to be wrong, but I believe pretty strongly that Elon will do the right thing.&#8221;
Earlier this month, <a href="https://www.benzinga.com/tech/24/12/42257564/musk-goes-to-court-to-block-openais-for-profit-transition">Musk filed a court injunction</a> to block OpenAI&#8217;s shift to a for-profit organization. This legal action comes after Musk previously sued OpenAI, alleging that the company was placing commercial interests above its initial mission.
Meanwhile, OpenAI is <a href="https://www.benzinga.com/24/12/42382569/elon-musk-asks-was-it-ever-not-a-lie-as-he-accuses-openai-of-selling-out-to-microsoft-and-betraying-its-founding-mission">reportedly strengthening</a> its partnership with Microsoft Corporation. Previously it was reported that OpenAI&#8217;s board is considering removing a provision that currently limits Microsoft&#8217;s access to its AGI technology.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Photo by Stephen McCarthy/MoneyConf via Sportsfile via Flickr Creative commons; OpenAI, Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42381987/apple-faces-12b-lawsuit-for-dropping-csam-detection-while-google-and-meta-set-higher-standards-for-child-safety?itm_source=parsely-api">Apple Faces $1.2B Lawsuit Over Child Sexual Abuse Material Detection On iCloud — Tech Giant Says, &#8216;Urgently And Actively Innovating&#8217;</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

News

Tech

Media

OpenAI CFO Sarah Friar Calls Trump The 'President Of This AI Generation,' Downplays Elon Musk Concerns: 'We Trust Him… As A Competitor'

Jim Cramer urged investors on Tuesday to view Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) as a buying opportunity following its post-earnings decline, while cautioning against chasing C3.ai Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) despite its recent strength.
What Happened: Oracle shares dropped 6.67% on Tuesday after the enterprise software giant reported <a href="https://www.benzinga.com/trading-ideas/technicals/24/12/42396746/oracles-q2-earnings-strong-chart-signals-but-watch-that-rsi">fiscal second-quarter earnings</a> that missed Wall Street expectations. The company posted adjusted earnings of $1.47 per share on revenue of $14.06 billion, falling short of analysts&#8217; estimates of $1.48 per share and $14.11 billion respectively.
&#8220;I&#8217;d be a buyer of Oracle after this pullback, because the most important parts of the business are still doing great,&#8221; Cramer <a href="https://www.cnbc.com/2024/12/10/jim-cramer-suggests-oracle-bought-on-weakness-c3ai-sold-into-strength.html">said</a> on CNBC. He attributed the miss to one-time issues, noting that Oracle&#8217;s core cloud infrastructure and AI businesses continue to show strong performance.
Oracle&#8217;s management reported that demand <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/12/42425771/oracle-earnings-fallout-contrarian-opportunity">continues to outpace supply</a>, highlighting partnerships with prominent tech companies including OpenAI, xAI, Cohere, NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
See Also: <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year</a>
Why It Matters: However, Cramer expressed caution about C3.ai, which saw its stock rise initially after beating quarterly expectations before settling to a 0.12% gain. &#8220;If you own it, take something off the table,&#8221; he advised, citing concerns about the company&#8217;s revenue growth rate and continued losses.
The contrast between the two companies highlights the current market dynamics around AI stocks. While Oracle&#8217;s pullback represents an opportunity in a fundamentally strong business, Cramer suggested C3.ai&#8217;s rally might be driven more by AI enthusiasm than fundamentals.
RBC Capital Markets analyst Rishi Jaluria maintained a Sector Perform rating on <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42420091/oracle-shares-down-after-mixed-q2-results-spark-analyst-caution-guidance-fell-below-consensus">Oracle with a $165 price target</a>, noting that while third-quarter guidance was light, the company&#8217;s cloud revenue outlook remains strong at $25 billion for the full year.
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42428142/gamestop-us-steel-walgreens-rigetti-computing-tesla-why-these-5-stocks-are-on-investors-radars-today">Gamestop, US Steel, Walgreens, Rigetti Computing, Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Markets

NVDA

ORCL

Jim Cramer: 'I'd Be A Buyer' After Oracle Earnings Dip, But Will 'Take Something Off The Table' On C3.ai Rally

Justin Sun, the founder of the&nbsp;TRON (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) blockchain, threw a jibe on Tuesday at Microsoft&#8217;s decision not to consider adding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to its reserves, saying that it was motivated due to the leading cryptocurrency&#8217;s price not being &#8220;high enough.&#8221;
What happened: Sun took to X to express his views on the keenly monitored annual meeting of the tech giant. The shareholders <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42421374/microsoft-shareholders-reject-proposal-to-explore-bitcoin-investment">voted against a proposal</a> urging the company to study adding Bitcoin to its balance sheet.
&#8220;The Bitcoin price is just not high enough for Microsoft to consider it as a reserve,&#8221; the cryptocurrency mogul said in what looked like a cheeky dig. &#8220;I highly recommend buying it when Bitcoin reaches 1 million USD.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Bitcoin price is just not high enough for Microsoft to consider it as a reserve. I highly recommend buying it when Bitcoin reaches 1 million USD. <a href="https://t.co/mtJKtLl97C">https://t.co/mtJKtLl97C</a>
&mdash; H.E. Justin Sun &#x1f34c; (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1866591980257722592?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Sun has been one of Bitcoin&#8217;s early believers, buying into the asset back in 2013. He remains one of the largest publicly known cryptocurrency investors, boasting a portfolio worth nearly $2 billion,&nbsp;per <a href="https://platform.arkhamintelligence.com/explorer/entity/justin-sun" target="_blank" rel="noreferrer noopener">data&nbsp;</a>from Arkham Intelligence.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I entered Bitcoin in 2013 and it&#39;s been 11 years. I&#39;ve seen three bull and bear cycles: 2013, 2017, and 2021. In Tron memes, I&#39;ve also seen three cycles, but in just 19 days. Lesson learned: if you can&#39;t hold, you can&#39;t win.
&mdash; H.E. Justin Sun &#x1f34c; (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1829780922314719426?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Anthony Pompliano, founder and CEO of Professional Capital Management and a Bitcoin advocate, also took potshots at Microsoft&#8217;s decision, saying, &#8220;Bitcoin doesn&#8217;t care about Microsoft, but eventually Microsoft will care about Bitcoin.&#8221;
<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">Bitcoin doesn&#39;t care about Microsoft, but eventually Microsoft will care about bitcoin.
&mdash; Anthony Pompliano &#x1f32a; (@APompliano) <a href="https://twitter.com/APompliano/status/1866543644561310181?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42382883/ark-invests-cathie-wood-hails-bitcoins-100k-climb-as-a-big-deal-labels-apex-crypto-as-gold-substitute-and-emerging-reserve-currency">Ark Invest&#8217;s Cathie Wood Hails Bitcoin&#8217;s $100K Climb As A &#8216;Big Deal,&#8217; Labels Apex Crypto As Gold Substitute And Emerging Reserve Currency</a>
Why It Matters: Microsoft&#8217;s board expressed concerns over Bitcoin&#8217;s volatility and wanted to maintain its focus on stable and predictable investments.
A proposal in October <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41536822/microsoft-shareholders-want-it-to-buy-bitcoin-say-microstrategy-shares-outperformed">urged the board to evaluate the benefits </a>of a corporate Bitcoin strategy, one on the lines of Michael Saylor&#8217;s MicroStrategy, the biggest corporate holder of the digital asset. In fact, Saylor himself <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42259408/michael-saylor-says-bitcoin-could-boost-microsofts-valuation-by-nearly-5-trillion-and-add-584-to-the-stock-by-2034">explained the pros</a> of such a move in a 3-minute presentation earlier this month.
Price Action: As of this writing, Bitcoin was trading at $96,148.94, down 1.82% 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..">data from Benzinga Pro</a>. 
Photo Courtesy: Wikimedia Commons
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a></li>
</ul>

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

Cryptocurrency

$BTC

$TRX

$XRP

Justin Sun's Takes A Cheeky Dig At Microsoft For Rejecting Bitcoin Strategy: 'Highly Recommend Buying It When BTC reaches $1M'

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google has reportedly requested the U.S. Federal Trade Commission to dismantle Microsoft Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) exclusive agreement to host OpenAI&#8217;s technology on its cloud servers
What Happened: This request came after the FTC inquired with Google regarding <a href="https://www.benzinga.com/news/legal/24/11/42229225/microsoft-faces-federal-investigation-into-cloud-and-ai-practices-amid-antitrust-scrutiny-report">Microsoft's business practices</a> as part of a larger investigation, reported Reuters citing The Information.
Tech giants like Google and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are keen to host OpenAI&#8217;s models.
However, they argue that Microsoft&#8217;s exclusive deal forces cloud customers to rely on Microsoft servers, potentially incurring additional costs, the report noted.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Google and Microsoft did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It Matters: The <a href="https://www.benzinga.com/24/12/42359072/sundar-pichai-takes-a-jab-at-microsofts-ai-efforts-theyre-using-someone-elses-models-doubling-down-on-googles-innovation-power">tension between Google and Microsoft</a> over AI dominance has been brewing for some time.
Earlier this year during an antitrust case against Google, an internal email from Microsoft revealed that the investment in OpenAI was driven by <a href="https://www.benzinga.com/news/24/05/38582364/microsofts-fear-of-googles-ai-dominance-led-to-openai-investment-internal-email-reveals-were-multipl">fears of lagging behind</a> Google&#8217;s AI capabilities.
In September 2024, <a href="https://www.benzinga.com/news/24/09/41025160/google-files-eu-complaint-against-microsoft-over-cloud-practices">Google filed a complaint</a> with the European Commission, alleging that Microsoft engaged in anti-competitive behavior within its cloud services sector.
The following month, <a href="https://www.benzinga.com/markets/equities/24/10/41592650/microsoft-accuses-google-of-astroturf-campaigns-targeting-its-cloud-business-says-search-giant-r">Microsoft retaliated by accusing</a> Google of conducting secret lobbying efforts aimed at disrupting its cloud computing operations.
Previously it was also reported that insiders at Microsoft have voiced worries that the company&#8217;s <a href="https://www.benzinga.com/news/24/03/37605368/is-microsoft-turning-into-it-for-openai-insiders-say-tech-giants-ai-strategy-is-overly-reliant-on-ch">AI strategy is overly dependent</a> on its partnership with OpenAI.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/12/42378342/intel-stock-is-where-it-was-27-years-ago-how-the-worlds-leading-chipmaker-lost-the-plot-thrice?itm_source=parsely-api">Intel Stock Is Where It Was 27 Years Ago: How The World&#8217;s Leading Chipmaker Lost The Plot, Thrice</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Legal

AMZN

GOOG

GOOGL

MSFT

Google Wants FTC To Dismantle Microsoft's Exclusive Cloud Hosting Deal With OpenAI: Report

Leading cryptocurrencies and stocks slumped for a second straight day on Tuesday as investors awaited the release of a key inflation report.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.87%</td>
<td>$96,200.49</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-4.59%</td>
<td>$3,601.65</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-3.92%</td>
<td>$0.3943</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin plunged to $94,300 in the early trading hours but pared losses by rebounding above $96,000 overnight.
Ethereum followed a similar trajectory, plunging from $3,750 to $3.522 before recouping some losses in the second half.
Cryptocurrency liquidations exceeded $625 million in the last 24 hours, with long liquidations accounting for $484 million.&nbsp;
Over $700 million in longs further risked liquidation if Bitcoin pulls back to $90,000. On the contrary, a spike to $100,000 would wipe out $719 million worth of short positions.
Bitcoin's Open Interest fell by 3.33% in the last 24 hours, while the number of traders longing the asset also fell, as evidenced by the drop in the Long/Short ratio.
Market sentiment remained in the "Greed" zone, as per the Cryptocurrency Fear &amp; Greed Index
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>XDC Network (XDC)</td>
<td>+19.52%</td>
<td>$0.09279</td>
</tr>
<tr>
<td>MANTRA (OM)</td>
<td>+14.73%</td>
<td>$4.04</td>
</tr>
<tr>
<td>Raydium (RAY)</td>
<td>+12.60%</td>
<td>$4.92</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.43 trillion, contracting by 0.80% over the last 24 hours.
Major stock averages closed in the red for the second straight day. The Dow Jones Industrial Average dropped 154.10 points, or 0.35%, to close at 44.247.83. The S&amp;P 500 slid 0.30%, ending at 6,034.91, while the tech-focused Nasdaq Composite dipped 0.25% to end at 19,687.24.
The decline came ahead of the crucial <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42423745/december-interest-rate-cut-is-almost-a-done-deal-could-wednesday-inflation-data-derail-investor-hopes">consumer price index data</a> for November, which is due on Wednesday, as investors sought hints ahead of the Federal Reserve&#8217;s policy decision next week.
Market participants expected an 85% chance of a 25 basis point rate cut, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Influential cryptocurrency analyst and trader Ali Martinez stressed the importance of Bitcoin staying above $96,000 or risk falling to as low as $85,000
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think it is very important for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> to hold above $96,000. Otherwise, we could repeat last year&#39;s pattern, with a potential drop to $85,000! <a href="https://t.co/xVOX41Fek0">pic.twitter.com/xVOX41Fek0</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1866447268447961325?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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He also advised his followers to buy the dip and avoid overleveraging, as he projected a price target of $275,000
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Buy the dip, and don&#39;t overleverage! <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> will reach $275,000, based on this cup and handle pattern! <a href="https://t.co/cqf99cBtmB">pic.twitter.com/cqf99cBtmB</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1866517510268330035?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed trader, going by the pseudonym DevKhabib, anticipated another dip for Ethereum before a strong rally.
"We bounced off $3,500 strongly, but as we approach the 3-year trend line, I wouldn't be surprised to see another flush," the trader remarked. "After that, it's up only season, everything will pump."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We got a deviation below the trendline on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. We bounced off $3,500 strongly, but as we approach the 3 year trend line, I wouldn't be surprised to see another flush. After that it's up only season, everything will pump. <a href="https://t.co/uZUfogb4ZF">pic.twitter.com/uZUfogb4ZF</a>
&mdash; DevKhabib (@DevKhabib) <a href="https://twitter.com/DevKhabib/status/1866468029321847256?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42413650/michael-saylor-urges-us-to-ditch-gold-for-bitcoin-sell-the-past-own-the-future">Michael Saylor Urges US To Ditch Gold For Bitcoin: &#8216;Sell The Past, Own The Future&#8217;</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Mirror Stock Declines Ahead Of Crucial Inflation Data Release: Top Analyst Says 'Buy The Dip,' Predicts $275K BTC Target

Editorial Note: The previous version of this article was published with an incorrect headline. We have updated the headline to accurately reflect the content and context of the story.
President-elect Donald Trump has named Federal Trade Commission Commissioner Andrew Ferguson as his choice for FTC chair on Tuesday, potentially reshaping the agency&#8217;s approach to <a href="https://www.benzinga.com/24/11/41986592/microsoft-cloud-is-reportedly-ftc-lina-khans-next-target-investigation-centered-around-alleged-anticompetitive-behavior">tech regulation and antitrust enforcement</a>.
What Happened: Ferguson, who joined the FTC in April and previously served as Virginia&#8217;s solicitor-general and chief counsel to Senate Republican leader Mitch McConnell, would replace current Chair Lina Khan. 
Ferguson, responding to Trump&#8217;s announcement on X, pledged to &#8220;end Big Tech&#8217;s vendetta against competition and free speech&#8221; while promoting innovation. This stance suggests a potential shift from Khan&#8217;s aggressive enforcement approach, though Trump&#8217;s attorney general nominee Matt Gaetz has previously <a href="https://www.benzinga.com/24/11/41986592/microsoft-cloud-is-reportedly-ftc-lina-khans-next-target-investigation-centered-around-alleged-anticompetitive-behavior">supported Khan&#8217;s tech industry lawsuits</a>.
<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">Thank you President Trump. Under your leadership, American businesses will become stronger and more competitive, and will better serve workers and consumers, than ever before. I'm honored that you've chosen me to be FTC Chairman in your mission to make our country great again.… <a href="https://t.co/GxmYWfjpqm">pic.twitter.com/GxmYWfjpqm</a>
&mdash; Andrew Ferguson (@AFergusonFTC) <a href="https://twitter.com/AFergusonFTC/status/1866641731892154546?ref_src=twsrc%5Etfw">December 11, 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/global/24/12/42425695/biden-set-to-block-us-steel-sale-to-nippon-steel-report">Biden Set To Block US Steel Sale To Nippon Steel: Report</a>
Why It Matters: Under Khan&#8217;s leadership, the federal firm has aggressively targeted tech giants including Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and 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>), though it notably lost its bid to block Microsoft&#8217;s Activision Blizzard acquisition in 2022.
The announcement comes as the FTC pursues <a href="https://www.benzinga.com/24/11/41986592/microsoft-cloud-is-reportedly-ftc-lina-khans-next-target-investigation-centered-around-alleged-anticompetitive-behavior">major antitrust investigations</a>, including a reported probe into Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) over alleged anti-competitive practices in its cloud computing business.
Read Next: 
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<li><a href="https://www.benzinga.com/news/legal/24/12/42423214/luigi-mangione-fights-extradition-to-new-york-on-murder-charge-shouts-at-press-outside-courthouse">Luigi Mangione Fights Extradition To New York On Murder Charge, Shouts At Press Outside Courthouse</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.

Economics

Trump Names Andrew Ferguson As Choice To Replace FTC Chair Lina Khan: Appointee Says He Will 'End Big Tech's Vendetta' Against Free Speech (Updated)

The stock market experienced a downturn on Monday as the S&amp;P 500 and Nasdaq Composite indices fell from their recent record highs. The S&amp;P 500 decreased by 0.3% and the Nasdaq Composite dipped by 0.25%. Despite these setbacks, both indices had recorded gains over the previous three weeks. Meanwhile, the Dow Jones also closed lower, shedding over 150 points.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
GameStop Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop shares declined by 3.65%, closing at $26.93. The stock reached an intraday high of $28.39 and a low of $26.85, with a 52-week range between $64.83 and $9.95. The video game retailer reported <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">third-quarter net sales</a> of $860.3 million, falling short of last year&#8217;s $1.08 billion and missing the Street consensus estimate of $887.7 million.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42380768/quantum-computing-stocks-roundup-d-wave-rigetti-ionq-lead-the-charge-with-explosive-growth?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Quantum Computing Stocks Roundup: D-Wave, Rigetti, IonQ Lead the Charge With Explosive Growth</a>
United States Steel Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>)
United States Steel saw its stock plummet by 9.68%, closing at $35.26. The day&#8217;s trading saw a high of $39.05 and a low of $30.55, with a 52-week range of $50.20 to $26.92. The drop followed reports that President Joe Biden plans to <a href="https://www.benzinga.com/24/12/42425695/biden-set-to-block-sale-of-us-steel-to-nippon-steel-reportsitesi">block the company&#8217;s sale</a> to Nippon Steel due to national security concerns. 
Walgreens Boots Alliance Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)
Walgreens shares surged by 17.74%, closing at $10.42. The stock hit an intraday high of $11.30 and a low of $8.54, with a 52-week range from $27.05 to $8.08. The increase came after reports of <a href="https://www.benzinga.com/24/12/42421855/walgreens-stock-jumps-on-report-of-potential-private-equity-sale-what-you-need-to-know">potential acquisition talks</a> with Sycamore Partners, which could take the company private.
Rigetti Computing Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)
Rigetti Computing&#8217;s stock soared by 45.19%, closing at $6.49. The stock&#8217;s intraday high was $6.89, with a low of $4.28, and a 52-week range of $6.89 to $0.66. The company made headlines with its AI-powered <a href="https://www.benzinga.com/24/12/42417674/why-is-rigetti-computing-stock-gaining-on-tuesday">calibration breakthrough</a> in quantum computing, significantly enhancing its capabilities.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares rose by 2.87%, closing at $400.99. The stock reached an intraday high of $409.73 and a low of $390.85, with a 52-week range from $409.73 to $138.8. Tesla saw strong sales in China, marking its <a href="https://www.benzinga.com/tech/24/12/42409492/teslas-2nd-best-week-in-china-in-2024-boosts-q4-prospects">second-best week in 2024</a>. Tesla&#8217;s insurance registrations in China reached 21,900 units for the week ending December 8, its second-best week of 2024, while BYD led with 85,000.
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/12/42406893/bill-gates-could-go-bankrupt-if-tesla-stock-surges-200-to-become-the-top-company-says-elon-musk?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bill Gates Could Go Bankrupt If Tesla Stock Surges 200% To Become The Top Company, Says Elon Musk</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>

RGTI

TSLA

UNFI

Gamestop, US Steel, Walgreens, Rigetti Computing, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Eric Trump, son of President-elect Donald Trump, has committed to making his father&#8217;s administration the most crypto-friendly in U.S. history. This announcement was made during his keynote speech at the Bitcoin MENA conference held in the United Arab Emirates on Tuesday.
What Happened: Eric Trump said that the U.S. will lead the &#8220;digital revolution.&#8221; He suggested that cryptocurrency could offer financial solutions to millions of people who have been &#8220;let down by the modern world,&#8221; <a href="https://thehill.com/business/5033348-eric-trump-pro-crypto-president/">reported</a> The Hill.
Eric Trump criticized the traditional banking system as being obsolete and assured that his father&#8217;s administration would not overregulate or hinder Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other cryptocurrencies. 
&#8220;You're going to have the most procrypto president in the history of America,&#8221; said Eric Trump about his father. He asked the audience to imagine a president who &#8220;isn't going to allow bitcoin and cryptocurrencies to be overregulated and stifled.&#8221;
He also disclosed that cryptocurrency served as a financial lifeline for the Trump family following the Capitol insurrection in 2021, when several banks and corporations cut ties with them.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378684/shiba-inus-208-surge-this-year-sparks-predictions-of-top-10-crypto-ranking-in-2025?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s 208% Surge This Year Sparks Predictions Of Top 10 Crypto Ranking In 2025</a>
He attributed this incident as an eye-opener to the potential of the crypto industry. The president-elect had earlier launched the Trump family&#8217;s venture into the crypto market, World Liberty Financial, in September. Although it <a href="https://thehill.com/business/5033348-eric-trump-pro-crypto-president/">did not meet its $300 million target</a>, the platform reportedly sold about $2.7 million in its first two weeks.
During his address, Eric Trump emphasized that the value of bitcoin soared to $100,000 per token after the president-elect nominated crypto enthusiast Paul Atkins to head the Securities and Exchange Commission.
Why It Matters:   Eric Trump has since been vocal about his belief in Bitcoin&#8217;s potential to <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42420883/eric-trump-is-confident-bitcoin-is-going-to-hit-1-million">disrupt traditional banking systems</a>, as he expressed at the same event in UAE. 
The appointment of crypto enthusiast David Sacks as the "White House A.I. &amp; Crypto Czar" further <a href="https://www.benzinga.com/24/12/42356067/venture-capitalist-david-sacks-appointed-as-white-house-ai-crypto-czar-by-trump">signals the administration&#8217;s commitment</a> to the crypto industry. The president-elect&#8217;s promise of a "golden age of America" includes a focus on boosting market metrics, including cryptocurrencies, as reported by <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42422705/donald-trump-would-welcome-150000-bitcoin-early-in-presidency-its-another-stock-market-for-him">Axios</a> in December 2024. This pro-crypto stance is expected to usher in a new era of cryptocurrency-friendly policies.
Photo by Joseph Sohm on Shutterstock
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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>

General

Eric Trump Promises Digital Revolution Under His Father: 'You're Going To Have The Most Procrypto President In The History Of America'

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced the launch of Amazon Autos on Tuesday. Car shoppers in 48 U.S. cities can order, finance and schedule pickup of a new Hyundai from a local dealer <a href="https://www.benzinga.com/24/12/42393331/stock-of-the-day-will-amazon-take-the-market-lower">directly on Amazon.</a>
The Details: Amazon Autos is initially <a href="https://www.aboutamazon.com/amazon-news-today">rolling out </a>with new Hyundai vehicles and customers in available cities can shop for Hyundai vehicles by visiting amazon.com/autos; searching &#8220;Amazon Autos&#8221; on Amazon.com or through the mobile app.
Read Next: <a href="https://www.benzinga.com/24/12/42370672/sofi-makes-spacex-accessible-for-retail-investors">SoFi Unlocks SpaceX Exposure For Retail Investors: Here&#8217;s How</a>
"We're partnering with dealers and brands to redesign car shopping — making it more transparent, convenient, and customer-friendly,&#8221; said Fan Jin, global head of Amazon Autos. 
&#8220;With Amazon Autos, we're bringing the simplicity and ease customers expect from Amazon to car shopping, one of their largest purchases, while offering dealers a new channel to connect with a broad audience," Jin added.&nbsp;&nbsp;
Move Over Carvana? Amazon Autos offers trade-ins, but customers can only purchase new Hyundai models for now. Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) has a similar online vehicle purchase experience, but specializes in used vehicles from a wide selection of different brands and is the largest <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40906185/used-car-seller-carvana-on-road-to-15b-revenue-by-2025-as-unit-growth-accelerates-b">used car retailer</a> in the country. 
Carvana also offers home delivery while Amazon Autos requires the customer to schedule pick-up from a participating dealer location. Additionally, Carvana&#8217;s prices are fixed, eliminating the need for negotiation, which some buyers prefer.&nbsp;
Amazon Autos said it will expand to include additional automotive brands next year, as well as add more cities and features including leasing and expanded financing options.&nbsp;
"We&#8217;re excited to have Hyundai as our exclusive launch partner and look forward to welcoming more brands and expanding our selection to customers as the program grows. It's still early for us and we welcome customer and dealer feedback as we continue to add new functionality, expand to additional brands, and iterate on the customer experience," Jin said.&nbsp;
AMZN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Amazon shares ended Tuesday's session down 0.46% at $225.04.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/12/42370672/sofi-makes-spacex-accessible-for-retail-investors">SoFi Unlocks SpaceX Exposure For Retail Investors: Here&#8217;s How</a></li>
</ul>
Photo: Shutterstock

Large Cap

CVNA

Amazon Autos: Buy Your Next Car Online, It's Just A Click Away

TransMedics Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) has outperformed the market over the past 5 years by 16.16% on an annualized basis producing an average annual return of 29.7%. Currently, TransMedics Gr has a market capitalization of $2.32 billion. 
Buying $1000 In TMDX: If an investor had bought $1000 of TMDX stock 5 years ago, it would be worth $3,679.47 today based on a price of $69.26 for TMDX at the time of writing.
<h3>TransMedics Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733873408_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TMDX

$1000 Invested In TransMedics Gr 5 Years Ago Would Be Worth This Much Today

A McDonald's Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) restaurant in Pennsylvania became the location of a police arrest for the suspect now <a href="https://www.benzinga.com/news/legal/24/12/42423214/luigi-mangione-fights-extradition-to-new-york-on-murder-charge-shouts-at-press-outside-courthouse">charged with the murder</a> of UnitedHealthcare CEO Brian Thompson.
The arrest, which came from customers and employees recognizing suspect Luigi Mangione from surveillance photos released by New York City police, has some people upset that police were called.
What Happened: Mangione has been charged with the <a href="https://www.benzinga.com/general/health-care/24/12/42316904/unitedhealthcare-ceo-brian-thompson-fatally-shot-outside-nyc-hotel">death of Thompson, </a>the CEO Of UnitedHealthcare, a unit of UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>).
His arrest came after a McDonald's employee called police as patrons recognized the suspect, which led to his arrest.
With a potential motive for the murder of Thompson being related to the high cost of insurance premiums and high rate of insurance claim denials, the insurance sector is seeing an increased spotlight that has also made some sympathetic to whoever completed the murder.
Some who were upset with the handling of Mangione being arrested at the McDonald's used the power of the internet and social media reviews to take down the Pennsylvania restaurant location.
A large amount of one-star reviews began popping up on Google for the Pennsylvania McDonald's, as <a href="https://nypost.com/2024/12/10/business/google-removes-bad-mcdonalds-reviews-after-worker-reports-luigi-mangione/?utm_medium=social&amp;utm_campaign=nypost_business&amp;utm_source=twitter">reported </a>by the New York Post. Google, which is a unit of Alphabet Inc (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>) removed one-star reviews.
"These reviews violate our policies and are being removed," a Google spokesperson told The New York Post.
While many of the one-star reviews, which are part of a process known as "review bombing" had been removed, the news outlet found several still remained.
"More like Narc-donalds…I hope obesity and heart disease are in-network in PA," one review said.
Review company Yelp Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) also saw a rush of new reviews on the Pennsylvania McDonald's and put a warning on the location's page that said "Unusual Activity Alert."
Here are some of the <a href="https://www.yelp.com/biz/mcdonalds-altoona?start=90">reviews </a>left on Yelp for the McDonald's location:
<ul>
<li>"Avoid this McDonald's location, they're out of your network. The food will send you to an early grave and no health insurance will cover that — they're in the business of denials."</li>
<li>"Major rat problem in this most anti-American establishment. Never going to eat here again."</li>
<li>"The staff was rude and they called the police on my friend Luigi. There were rats everywhere."</li>
<li>"One of the employees told me because I'm poor I don't deserve healthcare."</li>
<li>"Horrible service and the patrons today were McSnitches. Home they McStitches and their insurance doesn't pay for it."</li>
</ul>
Read Also:<a href="https://www.benzinga.com/general/entertainment/24/10/41505903/mcdonalds-where-trump-worked-review-bombed-on-yelp-fries-too-salty-as-if-someone-who-lost-a"> McDonald&#8217;s Where Trump Worked Review-Bombed On Yelp: &#8216;Fries Too Salty As If Someone Who Lost A Major Election Had Been Crying Over Them&#8217;</a>
Why It's Important: The Pennsylvania McDonald's had private security at the location Tuesday as it saw an increased influx of customers and media. &nbsp;
Regulars at the location thought Mangione looked familiar and their conversation heard by an employee prompted the employee to call police.
"A guy came in the door, and I didn't really look at him, I thought everyone was kidding around. The one guy said, ‘That looks like the shooter from New York,'" a witness named Larry <a href="https://www.cbsnews.com/newyork/news/luigi-mangione-altoona-mcdonalds-witness/">told </a>CBS News.
The employee recognized Mangione while taking his order, according to the report.
McDonald's workers have said they are worried about their safety after Mangione's arrest. The Altoona Police Department, which arrested Mangione, has also received death threats, according to the report.
The sympathy that has shifted towards Mangione since his arrest comes with his social media accounts on Instagram and Facebook, which are owned by Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)<a href="https://www.benzinga.com/general/social-media/24/12/42406434/meta-and-youtube-remove-accounts-of-luigi-mangione-but-x-reinstates-profile-elon-musk-says-happened-without-my-knowledge"> being shut down</a>. YouTube also deleted several channels linked to Mangione.
An account <a href="https://x.com/PepMangione">linked </a>to Mangione on X, a social media platform owned by Elon Musk, was shut down before being reinstated as Musk said he was "looking into it."
Mangione's account on X went from having under 1,000 followers to more than 300,000 at the time of writing. The last post made by Mangione was a retweet in June 2024 with his last original post made on May 14, 2024.
The May 14, 2024 post, now having millions of impressions, was centered on cellular agriculture and mentioned the company Agronomics Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AGNMF#OTC">AGNMF</a>), a penny stock that has seen a sizable boost to its share price this week.
The X account for Mangione was unverified on Monday, but is now verified Tuesday with users questioning who paid for or approved of the blue check and asking if the suspect will receive revenue similar to other accounts on the platform. 
A meme coin called Luigi was also launched and saw sizable action on Monday and Tuesday.
Users have also flocked to the GoodReads account reportedly belonging to Mangione. The profile features a reading history of books on back pain and a four-star review of the manifesto of Ted Kaczynski, also known as the Unabomber.
GoodReads, which is owned by Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) could end up a potential winner in the increased traffic related to Mangione on the site.
Read Next: 
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<li><a href="https://www.benzinga.com/news/legal/24/12/42418763/unitedhealthcare-ceo-murder-suspect-chronic-pain-unabomber-fascination-isolation-details-emerge">UnitedHealthcare CEO Murder Suspect: Chronic Pain, Unabomber Fascination, Isolation Details Emerge</a></li>
</ul>
Photo: Shutterstock

Restaurants

Insurance

AGNMF

YELP

Pennsylvania McDonald's Where UnitedHealthcare CEO Murder Suspect Arrested Gets Review Bombed: 'More Like Narc-Donalds'

Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) has outperformed the market over the past 10 years by 46.67% on an annualized basis producing an average annual return of 58.46%. Currently, Texas Pacific Land has a market capitalization of $28.88 billion. 
Buying $100 In TPL: If an investor had bought $100 of TPL stock 10 years ago, it would be worth $9,802.36 today based on a price of $1257.00 for TPL at the time of writing.
<h3>Texas Pacific Land's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733872515_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Texas Pacific Land Stock In The Last 10 Years

Allegations of the Department of Justice secretly obtaining communications records from members of Congress, their staff and journalists have reignited concerns about executive branch overreach <a href="https://www.benzinga.com/topic/doj">and privacy breaches. </a>
A report from the DOJ inspector general reveals phone and email records were seized during leak investigations under former President Donald Trump, targeting individuals like Kash Patel, now nominated to lead the FBI, <a href="https://www.cnn.com/2024/12/10/politics/justice-department-spying-congress-patel-trump-ig-report/index.html">CNN </a>reports.
What Happened: The investigation reportedly focused on individuals with access to sensitive information, including Rep. Adam Schiff (D-Calf.) and Rep. Eric Swalwell (D-Calif.), according to sources familiar with the matter. Patel, a former staffer on the House Intelligence Committee, was also among those whose records were obtained, along with journalists from prominent outlets like CNN, The Washington Post and The New York Times.
Prosecutors bypassed established procedures, failing to convene an internal committee or obtain required certifications, according to the report.
In total, records from over 40 congressional staffers were seized without their knowledge through non-disclosure orders. The report cautioned that these actions risk undermining congressional oversight by creating an appearance of executive interference.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42421528/trumps-tariff-storm-3-survival-strategies-us-companies-are-using-to-fight-back">Trump&#8217;s Tariff Storm: 3 Survival Strategies US Companies Are Using To Fight Back</a>
Why It Matters: These revelations underscore the need for stricter safeguards to protect the constitutional balance between legislative and executive powers. Former White House Communications Director Anthony Scaramucci, <a href="https://www.benzinga.com/general/social-media/24/12/42378469/anthony-scaramucci-compares-trumps-fbi-pick-kash-patel-to-matt-gaetz">speaking on CNN</a>, highlighted the political dimensions of these appointments. 
He suggested Patel's nomination might serve to appeal to Trump's base rather than present a realistic path to confirmation. Patel's nomination has drawn mixed reactions, with Devin Nunes describing him as an "immensely talented lawyer" while critics question his qualifications.
Patel's confirmation process, which could extend into 2025, is expected to draw intense scrutiny, particularly given his vocal criticism of the so-called &#8220;deep state.&#8221; For now, the inspector general's findings have amplified calls for reforms to ensure transparency and accountability in DOJ investigations involving elected officials and journalists.
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<li><a href="https://www.benzinga.com/news/legal/24/12/42405278/trump-plays-presidential-immunity-card-in-truth-social-lawsuit-battle">Trump Plays Presidential Immunity Card In Truth Social Lawsuit Battle</a></li>
</ul>
Photo: Shutterstock

Government

Politics

DOJ Leak Probe Under Trump Targeted His FBI Pick: Report

Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) has outperformed the market over the past 10 years by 1.79% on an annualized basis producing an average annual return of 13.57%. Currently, Morgan Stanley has a market capitalization of $204.92 billion. 
Buying $1000 In MS: If an investor had bought $1000 of MS stock 10 years ago, it would be worth $3,528.81 today based on a price of $127.20 for MS at the time of writing.
<h3>Morgan Stanley's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733871613_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

The dividend will be paid on March 7, 2025, to all stockholders of record as of the close of business on February 14, 2025.

Dividends

AMGN

Amgen Boosts Q1 Dividend By 6% From $2.25 To $2.38 Per Share

The Federal Reserve is widely expected to cut interest rates by 25 basis points during its Dec. 18 meeting, with fed funds futures pricing in a nearly 90% <a href="https://www.benzinga.com/topic/interest-rates">chance of the move. </a>
Not all voices in the financial world are cheering for lower rates.
Ed Yardeni, a veteran Wall Street investor, argues the Fed is on the brink of a policy misstep that could overheat the economy and spark market instability as we head into 2025.
<h1 class="wp-block-heading">Yardeni Asks The Fed Not To Cut Any Further</h1>
In a post shared Tuesday, Yardeni made his stance crystal clear: "Our recommendation to the Fed is to stand pat at the Dec. 17-18 FOMC meeting." 
According to Yardeni, the Fed has already slashed the federal funds rate aggressively this year, and further easing risks fueling inflation and stock market euphoria. 
"The reasoning for a 25bps cut on December 18 might simply be because markets expect one," he said.
Yardeni warned this could conflict with the central bank&#8217;s dual mandate of stable prices and full employment, as inflation remains sticky while the labor market continues to show strength.
<h1 class="wp-block-heading">Inflation Stubbornly High, Labor Market Sturdy</h1>
Key economic indicators underscore Yardeni's concerns. 
"Inflation is too high, real GDP growth is strong, and the labor market is near full employment," Yardeni said. 
The November employment report, released last week, shattered doubts about the labor market's resilience. Nonfarm payrolls outperformed expectations, reinforcing the notion that the summer slowdown was a mere blip.
Meanwhile, inflation is refusing to cool. November's Consumer Price Index report, due this week, is expected to reveal inflation still hovering uncomfortably above the Fed's 2% target.
Supercore CPI, which excludes shelter and focuses on services, sits above 4.5% year-over-year, while nominal wage growth holds at 4%.
Adding fuel to the fire, the National Federation of Independent Business small business survey reported that plans to raise worker compensation jumped from 18% in July to 28% in November. With wage pressures rising, Yardeni is skeptical inflation will retreat any time soon.
<h1 class="wp-block-heading">Stock Market Euphoria And The Risks of Overheating</h1>
Yardeni cautioned further rate cuts could exacerbate the stock market's meteoric rise, creating conditions for a correction early next year.
The S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has already soared more than 26% year-to-date, buoyed by optimism surrounding dovish Fed policies coupled with economic strength.
"We suspected as much when we raised the odds of a stock market melt-up following the Fed's 50bps cut in September," Yardeni said. 
This prediction appears to have materialized as long-term bonds sold off and yields surged, signaling bond market discomfort with excessive easing.
<h1 class="wp-block-heading">What's Next For Powell And The Fed?</h1>
At November's Federal Open Market Committee meeting, Fed Chair Jerome Powell indicated the challenges of modeling fiscal policies under the new administration, including tax cuts and tariffs.
Yardeni argues these fiscal measures are likely at odds with further monetary easing given economic conditions.
The FOMC's blackout period prevents officials from offering public guidance ahead of this week's CPI data release.
Yardeni suspects Powell, who turned dovish at August's Jackson Hole conference, will likely proceed with the 25bps cut while emphasizing data dependency in his post-meeting remarks.
"Will the Fed wake up to the economic realities or will the elusive neutral-rate fantasy continue to guide monetary policy? We shall see," Yardeni said, summing up his skepticism.
The central question now is whether Powell and the Fed will heed these warnings or whether December's rate cut could pave the way for an economic overheating and market turbulence in 2025. 
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42423745/december-interest-rate-cut-is-almost-a-done-deal-could-wednesday-inflation-data-derail-investor-hopes">December Interest Rate Cut Is Almost A Done Deal: Could Wednesday Inflation Data Derail Investor Hopes?</a></li>
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Photo: Shutterstock

Analyst Color

Broad U.S. Equity ETFs

Econ #s

Federal Reserve

ETFs

Wall Street Veteran Slams Fed's Rate Cut Plans: 'Wake Up To Economic Realities'

Joby Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) shares are falling in extended trading Tuesday after the company announced it entered into an <a href="https://www.benzinga.com/quote/JOBY">equity distribution agreement</a>.
What Happened: In a new regulatory filing released after the market close on Tuesday, Joby announced an offering agreement under which the company may sell up to&nbsp;$300 million&nbsp;worth of common stock.
Under terms of the agreement, managers Morgan Stanley and Allen &amp; Company will sell Joby common stock from time to time based on instructions from the company. Joby will pay the managers a 3% commission on gross sale proceeds. 
Check This Out: <a href="https://www.benzinga.com/content/42379842/archer-or-joby-which-aviation-company-might-rise-fastest">Archer or Joby: Which Aviation Company Might Rise Fastest?</a>
Joby reported financial results for the third quarter at the beginning of November. The company said it ended the period with $710 million in cash and short-term investments. 
Joby is not due to report quarterly financial results again until February. Analysts currently expect the company to report a loss of 19 cents per share and revenue of $57,250. 
JOBY Price Action: <a href="https://www.benzinga.com/quote/JOBY">Joby shares</a> were down 8.78% in after-hours, trading at $7.79 at the time of publication Thursday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Courtesy of Joby Aviation.

Offerings

After-Hours Center

JOBY

Why Joby Aviation Stock Is Falling After Hours

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 10 years by 2.15% on an annualized basis producing an average annual return of 13.93%. Currently, Intercontinental Exchange has a market capitalization of $90.96 billion. 
Buying $100 In ICE: If an investor had bought $100 of ICE stock 10 years ago, it would be worth $360.88 today based on a price of $158.41 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733870712_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Intercontinental Exchange Stock In The Last 10 Years

The American Lithium Shares will continue their listing on the TSX Venture Exchange and the Frankfurt Stock Exchange.
In addition, American Lithium has applied for the American Lithium Shares to be quoted on the OTCQX Markets in the United States, operated by OTC Markets Group Inc.&nbsp;

AMLI

American Lithium Board Approves Voluntary Delisting Of Its Common Shares From Nasdaq And  Deregistration With SEC

The Company expects to begin trading as a Nasdaq-listed company on December 23, 2024.&nbsp;
Following the transfer to Nasdaq, Ouster's common stock will continue to trade under the symbol "OUST", its 2026 Public Warrants will trade under the symbol "OUSTZ" and its 2025 Public Warrants will trade under the symbol "OUSTW".

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