Redfin Stock (NASDAQ:RDFN), Trade Ideas

Redfin

Redfin Corp is a residential real estate broker. It pairs its agents with the technology to create a service that is faster and costs less. The company meets customers through a listings-search website and mobile application. The company uses the same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has five operating segments and three reportable segments, real estate services, rentals, and mortgage. The company generates the majority of its revenue from Real estate services.

Housing illustration

Analyst Color

Long Ideas

Analyst Ratings

Trading Ideas

Real Estate

OPAD

OPEN

RDFN

National Association of Realtors reaches $418 million settlement, revolutionizing agent commissions. Challenges and opportunities for online platforms.

Settlement Shake-Up: National Association Of Realtors&#39; $418M Agreement Reshapes Real Estate Dynamics

wall street ai4

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

Cryptocurrency

Equities

Large Cap

Macro Economic Events

Bonds

Broad U.S. Equity ETFs

Commodities

Treasuries

Economics

Federal Reserve

Intraday Update

Tech

ETFs

$BTC

ADBE

COMP

CSGP

PowerShares DBmmodity Index Optimum Yield Diversified Fund

SPDR Dow Jones Industrial Average ETF Trust

GERN

SCCO

iShares Trust Barclays 20+ Year Treasury Bond Fund

XLRE

Wall Street continues to maintain a risk-off sentiment in Friday’s session, echoing the pessimism triggered by Thursday’s unexpectedly high producer inflation figures.

Inflation Squeezes Stocks, Bitcoin Slips To $68,000, While Commodities On Track For Best Week In Months: What&#39;s Driving Markets Friday?

Aerial,View,Of,Nice,South,Florida,Suburban,Housing,Community

General

Realtor.com ranks metro areas based on housing supply and demand, with Manchester-Nashua, NH as the hottest market and Houma-Thibodaux, LA as the coldest.

Best And Worst Housing Markets: Is Your Town Winning As Mortgage Rates Fall?

Redfin Corp

At the close of Tuesday&#8217;s trading session, key U.S. stock indices showed gains, with the Dow Jones Industrial Average climbing 0.7% to reach 38,503.69, the S&amp;P 500 increasing by 1.2% to 5,070.55, and the Nasdaq also experiencing a rise of 1.6% to hit 15,969.64.
These are the top stocks that gained the attention of retail traders and investors through the day:
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock rose by 1.80%, closing at $144.61. The stock&#8217;s intraday high was $147.26, with a low of $141.11. The 52-week high and low are $299.29 and $138.80, respectively. The Elon Musk-led company reported first-quarter revenue of $21.0 billion, a 9% year-over-year decrease, <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">missing the Street consensus</a> estimate. 
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta Platforms saw a 2.92% increase, closing at $495.78. The intraday high and low were $498.76 and $488.97, respectively, with a 52-week range of $531.49 to $207.13. Analysts expect the company to report <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38387398/meta-platforms-q1-earnings-preview-marginally-cautious-ai-opportunity-could-prove-f">first-quarter revenue</a> of $36.16 billion. 
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38376705/doge-shiba-and-other-memecoins-fueling-mass-adoption-of-bases-l2-network-coinbase-e?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin, Shiba Inu And Other Memecoins Fueling Mass Adoption Of Base&#8217;s L2 Network, Coinbase Exec Says: &#8216;</a>
Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)
Enphase Energy&#8217;s stock rose by 2.62%, ending the day at $113.41. The intraday high was $116.1, and the low was $109.65. The 52-week high and low are $228.36 and $73.49, respectively. The company reported <a href="https://www.benzinga.com/news/earnings/24/04/38391465/enphase-energy-q1-earnings-revenue-eps-come-in-below-estimates-amid-softening-us-demand">first-quarter revenue</a> of $263.3 million, missing the consensus estimate. 
Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)
Texas Instruments saw a 1.22% increase, closing at $165.42. The intraday high and low were $166.9 and $162.46, respectively, with a 52-week range of $188.12 to $139.48. The company reported <a href="https://www.benzinga.com/news/earnings/24/04/38390554/texas-instruments-q1-earnings-eps-beat-revenue-beat-despite-decline-across-all-end-markets">first-quarter revenue of $3.66 billion</a>, beating the consensus estimate. 
Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)
Rivian Automotive&#8217;s stock rose by 2.84%, closing at $9.04. The stock&#8217;s intraday high was $9.24, with a low of $8.69. The 52-week high and low are $28.06 and $8.26, respectively. The company announced a <a href="https://www.benzinga.com/markets/equities/24/04/38380242/rivians-earth-day-offer-trade-in-your-gas-powered-car-and-get-up-to-5k-off-on-r1-ev">discount of up to $5,000</a> on qualifying new R1 models when customers trade in select gas-powered vehicles.
Photo by Jirapong Manustrong on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38350014/elon-musk-reacts-to-teslas-pricing-debate-only-a-fool-thinks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tesla&#8217;s Pricing Debate: &#8216;Only A Fool Thinks ….&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

News

Markets

ENPH

RIVN

TSLA

Tesla, Meta Platforms, Enphase Energy, Texas Instruments, Rivian: Why These 5 Stocks Are On Investors' Radars Today

The U.S. Senate has passed a bill that could lead to the ban or sale of&nbsp;TikTok, marking a significant development <a href="https://www.benzinga.com/news/24/04/38372058/analyst-predicts-tiktok-shutdown-in-us-by-next-year-ahead-of-senate-vote-will-not-operate-here">in the ongoing debate over</a> the app&#8217;s Chinese ownership.
What Happened: The Senate voted 79-18 in favor of the bill, which is part of a larger funding package providing aid to Israel, Ukraine, and Taiwan,&nbsp;<a href="https://www.washingtonpost.com/technology/2024/04/23/tiktok-ban-senate-vote-sale-biden/">reported</a>&nbsp;The Washington Post on Tuesday.&nbsp;The bill now awaits President&nbsp;Joe Biden&#8216;s signature, who has said he will sign the bill into law on Wednesday.
Once signed, the bill will give TikTok&#8217;s parent company,&nbsp;ByteDance,&nbsp;nine months to sell the&nbsp;app or face a national&nbsp;ban, with the possibility of a 90-day extension by the President.
The legislation, which <a href="https://www.benzinga.com/news/24/04/38322987/tiktoks-ticking-clock-meta-snap-stocks-climb-as-us-ban-bill-vote-nears">has bipartisan support</a>, is&nbsp;the most significant threat to&nbsp;TikTok&#8217;s U.S. operations, with over 170 million users in the country. Lawmakers have expressed concerns about the app&#8217;s Chinese ownership structure potentially <a href="https://www.benzinga.com/government/23/03/31479124/lawmakers-accuse-tiktok-of-being-national-security-threat-call-for-ban">compromising American data security</a>, a claim disputed by TikTok.
TikTok is expected to challenge&nbsp;the bill, setting the stage for a high-stakes legal battle. "It is unfortunate that the House of Representatives is using the cover of important foreign and humanitarian assistance to once again jam through a ban bill that would trample the free speech rights of 170 million Americans,&#8221; the platform <a href="https://www.benzinga.com/news/24/04/38353060/us-tiktok-ban-bill-would-trample-on-free-speech-rights-of-170m-americans-says-social-media-giant">said in a statement&nbsp;last week</a>.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The bill&#8217;s passage comes after years of scrutiny over TikTok&#8217;s ties to its Chinese parent company. The app previously proposed a plan, Project Texas, to safeguard U.S. data by storing it with American tech giant&nbsp;Oracle. However, this did not deter lawmakers from pursuing legislation to grant&nbsp;the executive branch power to&nbsp;restrict the platform.
Notable figures, including former President&nbsp;Donald Trump&nbsp;and&nbsp;Elon Musk, have&nbsp;<a href="https://www.benzinga.com/news/24/04/38368049/trump-reverses-tiktok-ban-stance-accuses-biden-of-favoring-zuckerbergs-meta-doing-it-to-help-faceboo">opposed the potential ban</a>, citing concerns about free speech and national security. Meanwhile,&nbsp;Nikki Haley, former U.S. Ambassador to the UN, has <a href="https://www.benzinga.com/government/24/04/38350596/former-gop-hopeful-nikki-haley-joins-calls-for-tiktok-ban-to-stop-infiltration-of-chinese-communist">supported the ban to prevent</a> the Chinese Communist Party&#8217;s influence on American society.
Analyst Dan Ives believes that Microsoft and Oracle could <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38358239/microsoft-and-oracle-could-be-tiktoks-likely-buyers-but-real-winners-would-be-mark-">emerge as the real winners</a> by acquiring TikTok, with Meta Platforms Inc.&#8217;s Mark Zuckerberg and Alphabet Inc.&#8217;s Sundar Pichai also benefiting from the situation.
Photo by XanderSt on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38370806/elon-musk-calls-social-security-the-biggest-ponzi-scheme-ever-maybe-ai-and-robots-will-save-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Calls Social Security The Biggest Ponzi Scheme Ever: &#8216;Maybe AI And Robots Will Save It&#8217;</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Media

Biden Set To Sign TikTok Ban Into Law After Senate Passes Bill Supported By GOP, Democrats

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares are on the rise, despite the company&#8217;s disappointing Q1 results. The electric vehicle giant&#8217;s stock surged after it announced plans to speed up the launch of new models.
What Happened: Phil LeBeau, a CNBC correspondent covering the automotive and aviation sectors, described Tesla&#8217;s Q1 results as &#8220;ugly.&#8221; However, the company&#8217;s shares soared following its announcement of an accelerated new model launch.
<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">&quot;Let&#39;s be honest, it was ugly,&quot; says <a href="https://twitter.com/Lebeaucarnews?ref_src=twsrc%5Etfw">@Lebeaucarnews</a> after <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> posted Q1 results. But shares are surging&#8230; here&#39;s why. <a href="https://t.co/cA7TH15oD5">pic.twitter.com/cA7TH15oD5</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1782912167974436915?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tesla <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">stated</a>, &#8220;We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025.&#8221; This includes more affordable models and a next-generation platform. 
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Spee</a>
The company&#8217;s shareholder letter on Tuesday also mentioned the development of a next-gen vehicle. Tesla acknowledged that this update might result in less cost reduction than previously expected but would allow for a more efficient increase in vehicle volumes during uncertain times.
Why It Matters: Despite the <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">disappointing Q1 results</a>, Tesla&#8217;s stock has been on the rise. The company&#8217;s Q1 revenue of $21.0 billion was 9% lower than the previous year and missed the Street consensus estimate of $22.15 billion.
Automotive revenue was $17.38 billion in the quarter, down 13% year-over-year. Services and other revenue of $2.29 billion rose 25% year-over-year.
The company said revenue was impacted by lower average selling prices and lower vehicle deliveries in the quarter.
Earnings per share were 45 cents in the quarter, which missed a Street consensus estimate of 51 cents per share.
Price Action: According to the data <a href="https://www.benzinga.com/pro/">from Benzinga Pro</a>, Tesla shares are currently priced at $144.61, reflecting a 1.80% increase from Tuesday&#8217;s closing price. Notably, in after-hours trading, the stock surged by 13.38%. However, despite these fluctuations, Tesla&#8217;s shares have experienced a year-to-date decline of 41.79%.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38384714/whats-going-on-with-trump-media-technology-stock-on-tuesday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Trump Media &amp; Technology Stock On Tuesday?</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Earnings

Earnings Misses

Global

Tesla Stock Surges Despite 'Ugly' Q1 Results: Here's Why

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly set to launch a&nbsp;Calculator app&nbsp;for the iPad, a long-awaited feature, with the upcoming iPadOS 18.
What Happened: The new app&nbsp;is expected to be unveiled&nbsp;during the opening keynote of&nbsp;Apple&#8217;s annual <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38362506/apples-next-big-leap-how-ai-software-and-wwdc-announcements-could-fuel-growth">developers conference WWDC</a>&nbsp;on June 10,&nbsp;<a href="https://www.macrumors.com/2024/04/23/calculator-app-for-ipad-rumor/">reported</a> MacRumors, citing a source familiar with the matter. The app will be available for all iPad models compatible with the software update.
The absence&nbsp;of an official Calculator app&nbsp;on the iPad has been&nbsp;a subject of humor on social media, with users eagerly anticipating&nbsp;its arrival. In the meantime,&nbsp;iPad users have been using third-party calculator apps from the App Store.
If the reports are true, Cupertino would be introducing the app on <a href="https://www.benzinga.com/markets/equities/24/01/36814939/if-you-invested-1000-in-apple-when-the-ipad-was-launched-14-years-ago-heres-how-much-youd-have-t">iPads after 14 years of launching</a> the device. 
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/04/38345826/get-your-popcorn-ready-6-fresh-releases-to-stream-this-weekend-on-netflix-hulu-and-disney?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple In Talks With Google To License Gemini AI Models For Future iPhones: Report</a>
Last week, it was reported that macOS 15 will&nbsp;feature a revamped Calculator app&nbsp;with the integration of Notes&nbsp;app, a resizable window, a&nbsp;sidebar that lists recent calculations,&nbsp;and more. It is speculated&nbsp;that the updated Mac app&nbsp;will be based on the&nbsp;new iPad app.
The first beta of iPadOS&nbsp;18 is expected to be&nbsp;released immediately following the WWDC&nbsp;keynote, with the update set for a widespread release in September.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development comes on the <a href="https://www.benzinga.com/news/24/04/38382312/apple-sets-date-for-special-event-after-18-month-pause-new-ipads-expected-on-may-7">heels of Apple&#8217;s announcement of a&nbsp;special event</a>, where it is expected to unveil new iPads. The tech giant has started sending out invitations to a &#8220;special Apple Event&#8221; on May 7, at 7 AM PT/10 AM ET. 
This event is anticipated to focus on the new iPad models, as indicated by the image on the invite, which features the Apple Pencil.
Apple&#8217;s reported launch of new iPad Pro and iPad Air models could end a nearly 18-month drought. The launch is set to include new 11-inch and 13-inch OLED iPad Pro models, an enlarged 12.9-inch iPad Air, and updated Magic Keyboard and Apple Pencil accessories.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.&nbsp;
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/03/37724059/vivek-ramaswamy-weighs-in-on-tiktok-debate-suggests-senate-bill-to-ban-tech-giants-from-sharing-user?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Fails To Dismiss Lawsuit Claiming AirTags Are Weapon Of Stalkers: ‘Determination Cannot Be Made At This Early Stage&#8217;</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

AAPL

At Last! Apple To Finally Introduce Calculator App For iPad After 14 Years: Report

The trend of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) whales accumulating the cryptocurrency appears to have halted, according to a popular analyst. 
What Happened: On Tuesday, Ali Martinez, took to social media platform X, formerly Twitter, to alert the community about the cessation of Bitcoin accumulation by whales. Martinez&#8217;s post was accompanied by a chart of the accumulation trend score, an indicator of the on-chain accumulation behavior of large entities.
As the accumulation trend score has now dropped to zero, Martinez believes this indicates that whales are either distributing or not accumulating Bitcoin at current levels.
&#8220;#Bitcoin accumulation trend score has dropped to zero, indicating that whales are distributing or not accumulating $BTC at the current levels!&#8221; Ali wrote.
<a href="https://twitter.com/ali_charts/status/1782811923664277687/photo/1"></a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> accumulation trend score has dropped to zero, indicating that whales are distributing or not accumulating <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> at the current levels! <a href="https://t.co/zynub6w9o6">pic.twitter.com/zynub6w9o6</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1782811923664277687?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Accumulation Trend Score is a measure that shows how much Bitcoin different entities are acquiring or selling on-chain. It combines two factors: the size of the entities&#8217; Bitcoin holdings (their participation score) and whether they&#8217;re getting more coins or selling them over the last month (their balance change score). 
A score closer to 1 suggests that larger entities or a significant portion of the network are accumulating Bitcoin, while a score closer to 0 indicates they&#8217;re selling or not acquiring more. This helps us understand the size and behavior of market participants in terms of Bitcoin accumulation over the past month, <a href="https://academy.glassnode.com/indicators/accumulation-trend-score">according</a> to Glassnode Academy.
Whales are typically large holders of Bitcoin, and their accumulation or distribution behavior can significantly impact the market. This shift in their behavior could potentially signal a change in the market&#8217;s direction.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38377888/holding-6-ethereum-eth-could-make-you-a-millionaire-according-to-cathie-wood?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Holding 6 Ethereum (ETH) Could Make You A Millionaire, According to Cathie Wood</a>
Why It Matters: The news of Bitcoin whales halting their accumulation comes at a time when the cryptocurrency&#8217;s future value is a topic of much debate. Despite a recent pullback, a Standard Chartered analyst has predicted a more than <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38369340/bitcoin-to-more-than-double-in-value-to-150k-by-year-end-says-standard-chartered-analyst-w">100% increase in Bitcoin&#8217;s value</a> by the end of 2024. This forecast, combined with the whale behavior, could indicate a significant shift in the market&#8217;s dynamics.
Additionally, the BRICS nations are exploring the use of <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38385726/brics-eye-stablecoins-cbdc-bridge-to-advance-financial-integration">stablecoins and CBDCs</a> to reduce their reliance on the U.S. dollar, potentially impacting the global cryptocurrency market. Meanwhile, meme coins are gaining traction, with a trader predicting that at least three meme coins will <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38383807/trader-predicts-at-least-3-meme-coins-above-100b-market-cap-heres-which-coins-benzinga-fol">surpass a $100 billion</a> market cap.
However, some traders have expressed concerns about the current state of the market, with one warning that the market is overvalued and <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38365501/crypto-greed-almost-at-all-time-high-but-prices-are-not-warns-trader-this-cycle-is-kinda-c">the current cycle</a> may not be as favorable as the previous one.
These developments, combined with the change in whale behavior, suggest that the cryptocurrency market may be on the verge of a significant shift.
Price Action: According to the data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>, Bitcoin is currently priced at $66,843, marking a 0.64% increase over the past 24 hours. Impressively, it has surged by 51.33% since the beginning of the year.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38383807/trader-predicts-at-least-3-meme-coins-above-100b-market-cap-heres-which-coins-benzinga-fol?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trader Predicts &#8216;At Least 3 Meme Coins Above $100B Market Cap&#8217;: Here&#8217;s Which Coins Benzinga Followers Liked The Most</a>
Image Via Pixabay 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Bitcoin Whales Stop Accumulation, Start Distributing King Crypto: What Does This Mean For The Market

On Tuesday, Cathie Wood&#8217;s Ark Invest continued its aggressive buying of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares, despite the electric vehicle giant&#8217;s earnings miss.
The TSLA Trade
Ark Invest purchased a total of 29,230 shares of Tesla across its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>). The purchase came after <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla&#8217;s Q1 earnings report</a> revealed a year-over-year revenue drop of 9%, missing Wall Street&#8217;s consensus estimate.
The value of the Tesla shares purchased by Ark Invest, based on the closing price of $144.68 on Tuesday, amounts to approximately $4.3 million. This move follows <a href="https://www.benzinga.com/markets/equities/24/04/38368840/cathie-woods-ark-invest-seizes-tesla-dip-acquires-over-17m-in-shares-ahead-of-q1-results-zoom-st">Ark Invest&#8217;s acquisition of over $17 million in Tesla shares</a> the previous day, ahead of the first quarter results announcement.
Other Key Trades:
See Also: <a href="https://www.benzinga.com/news/24/04/38347033/bound-by-courtroom-rules-donald-trump-is-doing-something-uncommon-for-his-public-persona-staying-sil?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bound By Courtroom Rules, Donald Trump Is Doing Something Uncommon For His Public Persona: Staying Silent</a> 
<ul>
<li>Ark Fintech Innovation ETF (ARKF) sold shares of StoneCo Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>). </li>
<li>ARKF also offloaded 1,205 shares of Twilio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>). Both ARKK and ARKQ sold a significant number of shares in 2U Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>). </li>
<li>ARKW also sold a smaller amount of Twilio and 2U Inc shares.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

ARKK

ARKQ

ARKW

STNE

TWLO

TWOU

Cathie Wood's Ark Invest Remains Bullish Despite Tesla's Q1 Earnings Slip, Revenue Drop — Buys $4.3M in EV Maker Stock

Owner of X, Elon Musk, has reacted to a Republican congressman&#8217;s revelation that he is being threatened with a fine for not deleting a video from his social media account.
What Happened: On Tuesday, Rep.&nbsp;Marjorie Taylor Greene&#8216;s&nbsp;(R-Ga.) ally, Rep.&nbsp;Thomas Massie&nbsp;(R-Ky.) took to X, formerly&nbsp;Twitter, to share his experience with&nbsp;the &#8220;House Sergeant at Arms.&#8221; 
Massie said that he was warned of a $500 fine if he did not delete a video post. &#8220;Instead of fining democrats for waving flags, the House Sergeant at Arms just called and said I will be fined $500 if I don't delete this video post,&#8221; he said, adding, Rep.&nbsp;Mike Johnson&nbsp;(R-La.) &#8220;really wants to memory hole this betrayal of America.&#8221;
The video in question was posted on Sunday, showed&nbsp;several U.S. House Representatives waving&nbsp;Ukraine&#8217;s flag. At the time, Massie&#8217;s caption read,&nbsp;&#8220;This is the U.S. House&nbsp;of Representatives under the direction&nbsp;of Speaker Mike Johnson. Democrats&nbsp;are celebrating his total capitulation&nbsp;with no victory for securing&nbsp;our border.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38288858/elon-musk-says-bring-it-on-after-russian-space-chief-touts-amur-rocket-says-it-can-be-reused-up-to-5?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says &#8216;Bring It On&#8217; After Russian Space Chief Touts Amur Rocket, Says It Can Be Reused Up To 5X More Than SpaceX&#8217;s Falcon 9</a>
Musk, in response to Massie&#8217;s post, asked, &#8220;You can be fined for posting a video?&#8221;
Massie, in turn, questioned the authority of the House to demand the removal of a video from his congressional account. He also raised concerns about the House &#8220;Sergeant at Arms&#8221; monitoring his social media account for potential infractions.
&#8220;The uniparty is big mad at me for exposing them on several votes and for asking the Speaker to resign. The Speaker, his staff, or one of his allies in our conference is probably directing the Sergeant at Arms to do this,&#8221; Massie said. 
<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">You can be fined for posting a video?
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782880249820438853?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Massie&#8217;s latest statements are in line with his previous public stance against Speaker Johnson. He had joined forces with <a href="https://www.benzinga.com/news/24/04/38284071/marjorie-taylor-greene-bid-to-oust-speaker-mike-johnson-joined-by-thomas-massie-its-a-clusterf-k">Greene in her campaign to remove Johnson</a> following the Speaker&#8217;s decision to bring multiple foreign aid bills to the floor.
The video posted by Massie on Sunday along with Greene&#8217;s demand for Johnson's resignation came after the House&#8217;s endorsement of a $95 billion foreign aid package, <a href="https://www.benzinga.com/news/24/04/38349699/marjorie-taylor-greene-says-mike-johnsons-speakership-is-over-after-house-passes-ukraine-aid-package">earmarking $61 billion for Ukraine</a> and neighboring allies. 
Despite his earlier reluctance to bring such a bill to the House floor, Johnson sided with Democrats in pushing the bill forward. It now awaits final approval in the Senate.
Meanwhile, Speaker Johnson has brushed aside the threat of being ousted as &#8220;absurd&#8221; and has asserted his refusal to step down even though beside Massie, Rep. Paul Gosar (R-Ariz.) has also <a href="https://www.benzinga.com/news/24/04/38351863/marjorie-taylor-greene-insists-motion-to-vacate-mike-johnsons-speakership-is-inevitable-do-the-right">openly backed Greene&#8217;s proposal</a>.
Photo via Shutterstock
Check out more of Benzinga&#8217;s Future Of Consumer Tech by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38268298/when-elon-musk-met-jack-ma-and-instantly-regretted-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;When Elon Musk Met Jack Ma And Instantly Regretted It&#8217;</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Politics

Elon Musk Reacts To Marjorie Taylor Greene's Ally Revelation Of Fine Threat By House Authorities: Mike Johnson Removing Traces Of 'Betrayal of America'

In the lead-up to the 2024 elections, EMILY&#8217;s List, a pro-abortion rights organization, has issued a warning to 14 potential Republican VP candidates for their hardline stance on abortion.
What Happened: EMILY&#8217;s List is focusing on 14 Republicans who are believed to be on former President Donald Trump&#8217;s VP shortlist for his 2024 run. The group has previously used this strategy to target vulnerable House Republicans, especially in swing districts, by drawing attention to their abortion records, <a href="https://thehill.com/homenews/4616530-abortion-rights-group-knocks-possible-trump-vp-picks-extremism/">reported</a> The Hill.
In a press release, EMILY&#8217;s List declared, &#8220;Abortion is on the ballot this year like never before, so for the first time in EMILYs List history the 2024 ‘On Notice' list focuses on Trump's ‘Veepstakes' pool to send a clear message to voters.&#8221; The organization stressed that regardless of Trump&#8217;s VP choice, the GOP ticket poses a significant threat to reproductive rights in the U.S.
See Also: <a href="https://www.benzinga.com/news/24/04/38348277/trump-vs-biden-nationwide-poll-shows-key-issue-decidedly-tilts-equation-in-favor-of-one-candidate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump vs. Biden: Nationwide Poll Shows Key Issue Decidedly Tilts Equation In Favor Of One Candidate</a>
EMILY&#8217;s List President Jessica Mackler reinforced this message, stating, &#8220;A Trump presidency will mean a national abortion ban is on the menu, and whichever extremist he picks as his running mate will not change that.&#8221; The group named 14 Republican individuals for its 2024 &#8220;On Notice&#8221; list, including Ben Carson, Rep. Byron Donalds (R-Fla.), Rep. Elise Stefanik (N.Y.), Sen. JD Vance (R-Ohio), and others.
The group also added a 15th mystery potential VP candidate to the list, stating that whoever Trump chooses, they will support his extreme anti-abortion agenda.
Why It Matters: Abortion has emerged as a key issue for the 2024 election, with <a href="https://www.benzinga.com/general/politics/24/04/38213007/trumps-changing-stance-on-abortion-arizona-ruling-bring-2024-election-topic-front-and-center-how">Trump often taking credit</a> for the overturning of Roe v. Wade in 2022. 
Since then, about a third of states have banned the procedure in almost all circumstances. Trump&#8217;s stance on abortion has been criticized as the <a href="https://www.benzinga.com/news/24/04/38153724/trump-has-taken-most-unfavorable-political-position-on-abortion-says-ex-bush-strategist">&#8220;worst possible political position&#8221;</a> by Matthew Dowd, a strategist for President George W. Bush. 
Furthermore, former Secretary of State, Hillary Clinton, has <a href="https://www.benzinga.com/news/24/04/38038951/hillary-clinton-blasts-trump-for-appointing-judges-that-overturned-legal-abortion-were-witnessing-th">blamed Trump</a> for the fallout from the reversal of Roe v. Wade.
Read Next: <a href="https://www.benzinga.com/news/24/04/38356833/liz-cheney-says-trump-doing-everything-possible-to-postpone-jan-6-case-beyond-election-deep-flaws-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Liz Cheney Says Trump &#8216;Doing Everything Possible&#8217; To Postpone Jan. 6 Case Beyond Election: &#8216;Deep Flaws In Character…Make Him Unfit To Serve As President&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Trump VP Pool, Including A Mystery Candidate, Put On Notice By Anti-Abortion Group: 'GOP Ticket Poses A Significant Threat'

A delegation from North Korea, led by the cabinet minister for international trade, is visiting Iran. This visit comes amid long-standing suspicions of covert military ties between the two nations.
What Happened: Yun Jong Ho, the North Korean minister for external economic relations, led a delegation to Iran, departing from Pyongyang by air on Tuesday, according to a Reuters report on Wednesday. The North&#8217;s KCNA news agency did not provide additional details about the visit.
Both North Korea and Iran have been under scrutiny for potentially collaborating on ballistic missile programs, including the sharing of technical expertise and production components. In February, Reuters reported that Iran had supplied a significant number of ballistic missiles to Russia for use in its conflict with Ukraine.
North Korea is also suspected of supplying Russia with missiles and artillery, despite denials from both countries. Yun Jong Ho, who has previously worked on North Korea&#8217;s relations with Syria, has been actively involved in the country&#8217;s growing exchanges with Russia, leading a delegation to Moscow earlier this month.
See Also: <a href="https://www.benzinga.com/news/24/04/38368085/what-happens-if-trump-gets-convicted-will-he-go-to-prison-heres-how-it-likely-to-play-out?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What Happens If Trump Gets Convicted? Will He Go To Prison? — Here&#8217;s How It&#8217;s Likely To Play Out</a>
Why It Matters: This visit comes at a time of heightened tensions in the Middle East. Earlier this month, the <a href="https://www.benzinga.com/markets/asia/24/04/38316947/us-intensifies-economic-pressure-on-iran-in-response-to-attack-on-israel-we-will-continue-to-deploy">U.S. imposed new sanctions on Iran</a> following an unprecedented attack on Israel. Iran&#8217;s Unmanned Aerial Vehicle (UAV) capabilities, particularly the Shahed variant, were implicated in the attack.
Shortly after, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38334504/israel-strikes-iranian-air-base-tehran-downplays-attack-as-blinken-calls-for-calm-oil-pric">Israel launched a targeted airstrike</a> near an Iranian military airbase in retaliation for an earlier attack. Despite this, Iran assured there would be no further retaliatory measures, stabilizing oil prices that had surged above $90 a barrel.
Amid these tensions, <a href="https://www.benzinga.com/news/24/04/38267600/amid-iran-israel-tensions-china-affirms-support-for-tehran-strengthens-ties">China affirmed its support for Iran</a>, signaling a continuation of strong bilateral ties. China&#8217;s top diplomat expressed readiness to work with Iran across various sectors, further complicating the geopolitical landscape.
Photo by Alexander Khitrov on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38348258/marjorie-taylor-greene-takes-step-back-in-effort-to-remove-speaker-mike-johnson-but-blasts-him-as-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Takes Step Back In Effort To Remove Speaker Mike Johnson But Blasts Him As &#8216;A Lame Duck&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Kim Jong Un's Minister Who Worked On North Korea's Syria Relations Visits Iran Amid Festering Middle-East Tensions

The endorsement of Speaker Mike Johnson (R-La.) by former President Donald Trump has done little to deter conservative rebels from their mission to oust him. Despite Trump&#8217;s support, key figures like Rep. Marjorie Taylor Greene (R-Ga.) and Rep. Thomas Massie (R-Ky.) continue to voice their dissatisfaction.
What Happened: Trump&#8217;s backing of Johnson was made public during a radio interview with John Fredericks on Monday. 
The ex-president said, &#8220;It's not like he can go and do whatever he wants to do. I think he's a very good person,&#8221; Trump said following his time in court in New York on Monday. &#8220;I think he's trying very hard.&#8221;
However, this endorsement has not appeased those seeking Johnson&#8217;s removal. Greene, the originator of the current motion-to-vacate resolution, expressed her dissatisfaction on social media, stating, &#8220;Complete surrender is not acceptable and will not be tolerated.&#8221;
Similarly, Massie criticized Johnson again on Tuesday, insisting on no &#8220;complete &amp; total surrender.&#8221; He also expressed his disappointment with the current state of the U.S. House, calling it &#8220;downright embarrassing.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/04/38357333/elon-musk-reacts-to-tucker-carlson-saying-theres-ton-of-evidence-that-aliens-live-among-us-with-6000?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tucker Carlson Saying There&#8217;s &#8216;Ton Of Evidence&#8217; That Aliens Live Among Us: &#8216;With 6000 Satellites Orbiting Earth, I Think I Would Know&#8217;</a>
Why It Matters: This rebellion against Johnson follows his decision to advance a $95 billion foreign aid package, including $61 billion for Ukraine and regional partners. Greene had previously called for <a href="https://www.benzinga.com/news/24/04/38349699/marjorie-taylor-greene-says-mike-johnsons-speakership-is-over-after-house-passes-ukraine-aid-package">Johnson&#8217;s resignation</a> after the House passed the aid package, accusing him of betraying Republican voters. She threatened to initiate a vote for his removal if he didn't step down.
Trump had previously <a href="https://www.benzinga.com/news/24/04/38230714/trump-throws-support-behind-mike-johnson-amid-marjorie-taylor-greenes-ouster-threat-hes-doing-a-very">expressed his support</a> for Johnson during a press conference at Mar-a-Lago. Despite Trump&#8217;s efforts to quell the rift, Greene has <a href="https://www.benzinga.com/news/24/04/38237873/marjorie-taylor-greene-isnt-backing-down-on-criticism-of-house-speaker-despite-donald-trumps-efforts">remained unyielding</a> in her criticism of Johnson.
Read Next: <a href="https://www.benzinga.com/news/24/04/38348258/marjorie-taylor-greene-takes-step-back-in-effort-to-remove-speaker-mike-johnson-but-blasts-him-as-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Takes Step Back In Effort To Remove Speaker Mike Johnson But Blasts Him As &#8216;A Lame Duck&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Trump's Endorsement Fails To Quell Marjorie Taylor Greene's Conservative Rebellion Against Speaker Mike Johnson: 'Complete Surrender Is Not Acceptable'

In the early stages of the hush money trial, Donald Trump&#8217;s defense lawyer, Todd Blanche, appears to be losing credibility with the presiding judge.
What Happened: Judge Juan Merchan expressed skepticism during a hearing on Tuesday, April 23, when Blanche suggested that Trump was making efforts to adhere to a court-ordered gag order. The judge reportedly told Blanche, &#8220;You&#8217;re losing all credibility,&#8221; <a href="https://www.msnbc.com/deadline-white-house/deadline-legal-blog/trump-gag-order-trial-judge-merchan-todd-blanche-rcna148977">reported</a> MSNBC.
Merchan&#8217;s dissatisfaction arose from Blanche&#8217;s inability to respond to his inquiries during the hearing. The judge did not immediately decide whether Trump&#8217;s remarks against witnesses and jurors contravened his order. Following the hearing, the trial&#8217;s first witness, David Pecker, returned to the stand for direct examination by the prosecution.
See Also: <a href="https://www.benzinga.com/news/24/04/38368085/what-happens-if-trump-gets-convicted-will-he-go-to-prison-heres-how-it-likely-to-play-out?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What Happens If Trump Gets Convicted? Will He Go To Prison? — Here&#8217;s How It&#8217;s Likely To Play Out</a>
The diminishing credibility of Trump&#8217;s lawyer could have significant implications for the trial. Judges&#8217; daily decisions on matters such as witnesses, evidence, and scheduling can greatly influence a case, particularly if the jury perceives a judge&#8217;s dissatisfaction with a lawyer, according to the report.
Why It Matters: The trial, which began on Monday, is <a href="https://www.benzinga.com/general/politics/24/04/38366379/trump-committed-conspiracy-to-undermine-the-integrity-of-a-presidential-election-prosecution-all">centered on allegations</a> that Trump committed a &#8216;conspiracy to undermine the integrity of a presidential election.&#8217; Pecker, former National Enquirer publisher, was a key witness, testifying about his role in <a href="https://www.benzinga.com/general/politics/24/04/38392485/david-pecker-testifies-to-national-enquirer-buying-stories-that-could-damage-donald-trump-potent">purchasing and suppressing stories</a> to benefit Trump during the 2016 presidential campaign.
Moreover, Trump has been accused of <a href="https://www.benzinga.com/news/24/04/38368871/trump-allegedly-violated-gag-order-10-times-will-hush-money-judge-show-leniency-on-contempt-charges">violating a gag order multiple times</a>, leading to the hearing where Blanche&#8217;s credibility was questioned. If found in violation, Trump could face penalties ranging from a warning to a fine or even a short jail term.
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/04/38351863/marjorie-taylor-greene-insists-motion-to-vacate-mike-johnsons-speakership-is-inevitable-do-the-right?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Insists &#8216;Motion To Vacate&#8217; Mike Johnson&#8217;s Speakership Is Inevitable</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Trump Hush Money Judge To Ex-President's Lawyer: 'You're Losing All Credibility'

CDTX

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Well-known investor Chamath Palihapitiya recently shared the one question he asks potential job candidates he interviews in hopes to filter <a href="https://www.benzinga.com/news/23/12/36401990/5-simple-ways-to-sell-yourself-and-stand-out-in-a-job-interview">out potential applicants.</a>
The One Question: Palihapitiya said he has interviewed thousands of people between the companies he has run and <a href="https://www.benzinga.com/topic/chamath-palihapitiya">companies he has invested in</a>.
When searching for potential job applicants, Palihapitiya said he has a go-to method for finding the right candidates.
"There's one question that I always go to that I think is the most predictive of your ability to contribute in a company," Palihapitiya <a href="https://twitter.com/theallinpod/status/1782503638406996456?t=muzOeaiDlMS0zQyJSY04vA&amp;s=19">said</a>.
The investor said that he tells a candidate to take a few minutes to think about something they are an expert on and then explain it to him in around two minutes.
Related Link: <a href="https://www.benzinga.com/top-stories/23/12/36203650/dont-ask-this-question-in-a-job-interview-you-kill-your-chances-of-getting-hired">Don&#8217;t Ask This Question In A Job Interview, You Kill Your Chances Of Getting Hired</a>
Why It's Important: Palihapitiya said the question helps find out if the candidate has a clear mind, can simplify topics and can communicate properly to another person.
Palihapitiya said the ability to communicate and get someone else on the same page as you can be determined with the question.
"And that's a very powerful skill inside a company," Palihapitiya said.
The question also shows that people can "focus deeply on one goal."
The investor also said the question can help get rid of people who are coached or trained on how to ace an interview or can be too robotic in nature.
"That's a huge filter."
Read Next: <a href="https://www.benzinga.com/news/24/03/37562830/how-to-ace-the-most-important-job-interview-question-of-all-time">How To Ace The Most Important Job Interview Question Of All Time</a>
Photo: Featureflash Photo Agency on Shutterstock

Education

Chamath Palihapitiya Has One Key Question He Asks In Interviews: 'Very Powerful Skill Inside A Company'

Latin music revenue in the U.S. hit a new high in 2023, reaching $1.4 billion, marking a significant 16% growth from the <a href="https://www.benzinga.com/topic/business-of-music">previous year. </a>
The Recording Industry Association of America (RIAA) reported Latin music&#8217;s market share in the overall U.S. music market also climbed to 7.9%, a new peak, Variety<a href="https://variety.com/2024/music/news/latin-music-us-revenue-fastest-growing-us-market-1235978539/"> reported.</a>
See Also: <a href="https://www.benzinga.com/general/entertainment/24/04/38362990/taylor-swifts-the-tortured-poets-department-hits-1-6m-us-sales-sets-spotify-on-fire-with-ov">Taylor Swift&#8217;s &#8216;The Tortured Poets Department&#8217; Hits 1.6M US Sales, Sets Spotify On Fire With Over 300M Streams</a>
In dialogue with the magazine, RIAA&#8217;s Rafael Fernandez Jr. attributed this surge to the genre&#8217;s increasing popularity among a new generation of stars and the widespread availability of streaming platforms.
&#8220;Latin music has exploded in the U.S. over the last decade as a new generation of stars boosts the genre and streaming puts this dynamic sector at everyone's fingertips,&#8221; Fernández said. 
The rise of artists like Karol G and Peso Pluma played a key role in this growth. Karol G made history by becoming the first Latina woman to top the Billboard 200 with an all-Spanish-language album, &#8220;Mañana Será Bonito,&#8221; in February 2023. 
Meanwhile, Peso Pluma also made waves by claiming the highest-charting música Mexicana album on the Billboard 200 with &#8220;Genesis,&#8221; peaking at No. 3.
Furthermore, streaming platforms continued to dominate the listening experience for Latin music fans, generating over 98% of Latin music revenues. Paid subscriptions contributed the most to total revenues. 
However, platforms such as Alphabet Inc&#8216;s (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>) YouTube, Universal Music Group&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UMGNF#OTC">UMGNF</a>) Vevo, and social media also played a significant role, accounting for nearly a quarter of the Latin market&#8217;s total value.
Despite the shift to digital platforms, digital and customized radio services, along with <a href="https://www.benzinga.com/general/entertainment/23/03/31180475/vinyl-sales-in-the-uk-surpassed-cds-for-the-first-time-since-1987-what-does-this-mean">physical formats like vinyl albums</a>, still held a notable share of the market. 
"It's incredible to see the impact this genre is having on the overall U.S. market and the role streaming continues to play in helping fans connect as they discover new styles, artists and sounds,&#8221; Matthew Bass, RIAA vice president of research and gold and platinum operations said. 
&#8220;And just as we've seen vinyl surge in the overall market, Latin music has plenty of space to expand even deeper into this traditional format with new highs undoubtedly yet to come,&#8221; he added.
Read Next: <a href="https://www.benzinga.com/general/entertainment/23/03/31229667/5-most-popular-latinx-artists-in-the-us-right-now-bad-bunny-karol-g-farruko-and-more">5 Most Popular Latinx Artists In The US Right Now: Bad Bunny, Karol G, Farruko And More</a>
Photo: Karol G via Shutterstock

Entertainment

GOOG

GOOGL

UMGNF

Karol G, Peso Pluma Propel US Latin Music Revenue To New Heights, Reaches $1.4B

Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.77 by 14.29 percent. This is a 17.76 percent decrease over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $1.872 billion which met the analyst consensus estimate. This is a 2.09 percent decrease over sales of $1.912 billion the same period last year.

Earnings Beats

RUSHA

Rush Enterprises Q1 2024 GAAP EPS $0.88 Beats $0.77 Estimate, Sales $1.872B Inline

Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.82 by 7.32 percent. The company reported quarterly sales of $1.872 billion which missed the analyst consensus estimate of $1.882 billion by 0.53 percent. This is a 2.09 percent decrease over sales of $1.912 billion the same period last year.

RUSHB

Rush Enterprises Q1 2024 GAAP EPS $0.88 Beats $0.82 Estimate, Sales $1.872B Miss $1.882B Estimate

Guidance

Tesla CEO Musk Says Thinks They Will Have Higher Sales This Year Than Last Year

Tesla CEO Musk Says Company Constitutes Majority Of His Work Time

<h1 class="wp-block-heading">Top Stories for April 23, 2024:</h1>
<ol>
<li>Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) reported <a href="https://www.benzinga.com/wiim/24/04/38378385/cleveland-cliffs-shares-are-trading-lower-after-the-companys-reported-worse-than-expected-q1-financi">first-quarter results</a>, including revenue of $5.2 billion, a net loss of $53 million and adjusted net income of $87 million. </li>
</ol>
Adjusted EBITDA reached $414 million, marking a significant year-over-year and quarter-over-quarter improvement.
The company announced the completion of a previous $1 billion share repurchase program, having bought back 30.4 million shares. It also introduced a new $1.5 billion share buyback initiative.&nbsp;
Steel shipments totaled 3.9 million net tons and the firm retired all remaining secured notes to enhance its liquidity position, which stood at $4 billion at the end of March 2024.
<ol start="2">
<li>Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) reported strong first-quarter 2024 results with copper sales and unit net cash costs surpassing estimates from January 2024 and the first quarter of 2023. </li>
</ol>
Net income reached $473 million, with consolidated sales of 1.1 billion pounds of copper, 568 thousand ounces of gold and 20 million pounds of molybdenum.&nbsp;
Indonesia smelter projects are close to completion and expected to start in the second quarter of 2024. 
The company&#8217;s operating cash flows totaled $1.9 billion and capital expenditures were $1.3 billion for the quarter.&nbsp;
Kathleen L. Quirk will become CEO on June 11, 2024, succeeding Richard C. Adkerson.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/large-cap/24/04/38364875/geopolitical-relief-triggers-gold-selloff-prices-dip-below-2-350-mark-mining-stocks-hit-hard">Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard</a>
<ol start="3">
<li>Worthington Steel Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) was honored as a General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Supplier of the Year for the third time, previously winning in 2020 and 2021. </li>
</ol>
GM recognized 86 suppliers for their 2023 performance, emphasizing three core values: safety, inclusion and relationships. The award celebrates suppliers who contribute to GM's goals of innovation and high-quality vehicle production.&nbsp;
Worthington Steel provides flat-roll carbon steel coils used in GM&#8217;s vehicle production across facilities in Indiana, Michigan, Ohio and Mexico.
<ol start="4">
<li>Metals Acquisition Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTAL#NYSE">MTAL</a>) released its Resource and Reserve Statement and three-year production guidance for the CSA Copper Mine, highlighting significant growth in resources and mine life. </li>
</ol>
Key updates include an extended mine life of 11 years up to 2034, a 67% increase from last year, and a 64% increase in contained copper to 0.5 million tons.&nbsp;
The measured and indicated mineral resources have risen to 229,000 tons of copper, with an additional 184,000 tons classified as inferred.&nbsp;
These enhancements occurred just 10 months post-acquisition, with continued drilling aimed at further expanding resources.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38380999/exclusive-why-this-uranium-bull-market-is-different-weve-really-got-to-start-developing-mines-says-m">EXCLUSIVE: Why This Uranium Bull Market Is Different — &#8216;We&#8217;ve Really Got To Start Developing Mines,&#8217; Says Madison Metals CEO</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Shutterstock

MTAL

Cleveland-Cliffs, Freeport-McMoRan Report Q1 Results; Worthington Steel Gets GM Supplier Of The Year And More: Tuesday's Top Mining Stories

Tesla CEO Musk Says In Conversations With One Major Automaker Regarding Licensing FSD

Redfin Corp (RDFN) has risen Monday morning, with the stock climbing 3.61% in pre-market trading to 6.89. RDFN's short-term technical score of 49 indicates that the stock has traded less bullishly over the last month than 51% of stocks on the market. In the Real Estate Services industry, which ranks 87 out of 146 industrie

Premarket Mover: Redfin Corp (RDFN) Up 3.61%

Redfin, Landsea Homes in real estate losers

These Real Estate stocks are trading higher:-New Concept Energy, Inc. (GBR) stock is trading at $1.11, a gain of $0.05, or 4.72%, on high volume.  New Concept Energy Inc gets a Sentiment Score of Bearish from InvestorsObserver.  -Henderson Land Development Co Ltd - ADR (HLDCY) stock is trading at $3.01, a gain of $0.08, or

Real Estate Stocks Making Moves Tuesday: GBR, HLDCY, DOUG, DOMA, RDFN, CIO, OPEN, UK

Redfin, Diversified Healthcare Trust, Compass in real estate gainers

DOJ can reopen antitrust probe into NAR, appeals court rules

Housing affordability would've waned even without Fed tightening, study shows

Property stocks drop as hot inflation data weigh on rate-cut bets

AGNC

ASPS

COOP

DOMA

DOUG

EXPI

HLDCY

HOUS

LSEA

NYMT

PFSI

REAX

RMAX

UWMC

Press Releases

Redfin Survey: Over One-Quarter of Recent Homebuyers Have No Idea How Much Their Agent Was Paid

Redfin Report: Monthly Payments Set New Record–And Buyers' Costs Will Likely Stay High on Inflation News

Redfin Reports Nearly 40% of Renters Think They'll Never Own a Home, Up From 27% Last Year

Redfin Survey: 70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in Coverage

Redfin Report: Nearly Half of Biden Voters Want to Live in Place Where Weed Is Legal, Compared to Only 12% of Trump Voters

Redfin Reports the Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%

Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever Before

Redfin Home Price Index: Price Growth Stabilizes in March, With Prices Up 0.6% From a Month Earlier

Nearly 40% of Homeowners Couldn't Afford Their Home If They Were to Buy It Today

Redfin to Announce First-Quarter 2024 Results on May 7, 2024

Altisource Asset Mgmt

Altisource Portfolio Solutions S.A. - Common Stock

Altisource Portfolio

KE Holdings Inc American Depositary Shares (each representing three Class A Ordinary Shares)