Latest News for IperionX Stock (OTC:TAOFF)

IperionX Ltd is a developer of low-carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles, and 3D printing. The company's breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, and have low carbon intensity. IperionX is producing titanium metal powders from titanium scrap at its operational pilot facility in Utah, It also holds a 100% interest in the Titan Project, covering over 11,000 acres of critical minerals that include titanium, rare earth elements, silica sand, and zircon in Tennessee, United States.

IperionX Ltd

Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) reported quarterly &nbsp;sales of $1.754 billion which beat the analyst consensus estimate of $1.744 billion by 0.57 percent. This is a 8.69 percent decrease over sales of $1.921 billion the same period last year.

Earnings

News

HBAN

Huntington Bancshares Q1 2024 Sales $1.754B Beat $1.744B Estimate

On Thursday, April 18, the U.S. stock markets closed with mixed results as investors digested the latest corporate earnings reports. The S&amp;P 500 and the Nasdaq ended in negative territory, while the Dow Jones Industrial Average slightly increased.
Economic indicators and comments from Federal Reserve officials suggested that a reduction in interest rates by the central bank is unlikely in the near term.
According to economic data, U.S. initial jobless claims remained steady at 212,000 for the week ending April 18, below the anticipated 215,000. The Philadelphia Fed Manufacturing Index rose to 15.5 in April, surpassing expectations of 1.5.
Most S&amp;P 500 sectors gained, especially communication services, utilities, and consumer staples, while technology and consumer discretionary sectors declined.
The Dow Jones Industrial Average gained 0.06% to close at 37,775.38. The S&amp;P 500 fell 0.22%, ending the day at 5,011.12, and the Nasdaq Composite slid 0.52%, finishing the session at 15,601.50.
Asian Markets Today
<ul>
<li>On Friday, Japan's Nikkei 225 index ended the trading day lower by 2.53% at 37,090.50, led by losses in the Power, Chemical, Petroleum &amp; Plastic and Mining sectors.</li>
<li>Nikkei 225 saw its steepest weekly fall since June 2022 amid global stock sell-offs, sparked by U.S. interest rate concerns and Middle East tensions, which unnerved investors.</li>
<li>In Australia, the S&amp;P/ASX 200 declined 0.98% to finish at 7,567.30, led by losses in the IT, A-REITs and Metals &amp; Mining sectors.</li>
<li>India's Nifty 50 closed higher by 0.69% at 22,147.00, and the Nifty 500 rose 0.30%, closing at 20,385.20.</li>
<li>China's Shanghai Composite slid 0.29% to end the session at 3,065.26, and the Shenzhen CSI 300 fell 0.79%, closing at 3,541.66.</li>
<li>Hong Kong's Hang Seng Index declined 0.99%, concluding the day at 16,224.14.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index was down 0.44%.</li>
<li>Germany's DAX declined 0.75%.</li>
<li>France's CAC slipped 0.32%.</li>
<li>U.K.'s FTSE 100 traded lower by 0.53%.</li>
</ul>
Commodities at 06:100AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.31% at $82.49/bbl, and Brent was down 0.47% at $86.70 bbl.</li>
<li>Natural Gas was down 0.28% at $1.752.</li>
<li>Gold was trading lower by 0.14% at $2,394.70, Silver declined 0.15% to $28.332, while Copper was up 1.10% at $4.4850.</li>
</ul>
US Futures at 06:00 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Dow futures were down 0.29%, S&amp;P 500 futures slid 0.35%, and Nasdaq 100 Futures fell 0.59%.
Forex at 06:00 AM ET
The U.S. Dollar Index slid 0.13% to 106.03, USD/JPY was down 0.06% to 154.52, and USD/AUD gained 0.10% to 1.5588.
Global stocks fell, oil prices jumped, and U.S. bond yields dropped Friday after reports of an Israel attack on Iran underscored the Middle East's impact on markets.
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

Geopolitical Tensions Weigh On Asia And Europe Markets, Gold Trades Near $2,400 - Global Markets Today While US Slept

Benchmark analyst Reuben Garner initiates coverage on AZEK Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZEK#NYSE">AZEK</a>) with a Buy rating and announces Price Target of $55.

Price Target

Initiation

Analyst Ratings

AZEK

Benchmark Initiates Coverage On AZEK Co with Buy Rating, Announces Price Target of $55

WIIM

Bentley Systems shares are trading higher after Schneider Electric reportedly confirmed it is in talks with the company regarding a potential transaction.

Wipro shares are trading higher following Q4 earnings.

BTIG analyst Sung Ji Nam downgrades DermTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMTK#NASDAQ">DMTK</a>) from Buy to Neutral.

Downgrades

DMTK

BTIG Downgrades DermTech to Neutral

ON Semiconductor shares are trading lower after Exane BNP Paribas downgraded the stock from Neutral to Underperform.

Wipro Reports Q4 Revenue of INR228.612B Vs INR238.215B YoY, EPS of INR5.41 Vs INR5.60 YoY

ARM Holdings shares are trading lower after Exane BNP Paribas downgraded the stock from Outperform to Neutral.

To date, Ault &amp; Company has purchased an aggregate of 44,000 shares of Series C convertible preferred stock (&quot;Series C Preferred Stock&quot;) and warrants (&quot;Series C Warrants&quot;) to purchase an aggregate of approximately 13.0 million shares of the Company. Under the Agreement, as amended, Ault &amp; Company can invest up to&nbsp;$75.0 million&nbsp;in the Series C Preferred Stock and Series C Warrants in multiple closings.

AULT

Ault Alliance Says It Has Received an Investment of $44M To Date From Ault & Company Under November 2023 Securities Purchase Agreement

SHOP

Shopify shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $74 to $85.

Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) reported quarterly Adj earnings of $0.28 per share which beat the analyst consensus estimate of $0.25 by 12 percent.

Huntington Bancshares Q1 2024 Adj EPS $0.28 Beats $0.25 Estimate

NFLX

Netflix shares are trading lower after the company reported Q1 financial results.

The European electric vehicle (EV) market is facing a significant downturn, raising concerns about the region&#8217;s ability to achieve its climate goals. This has prompted carmakers to urge governments for more support.
What Happened: The European EV market is experiencing a sharp decline in sales, indicating that the market is not yet self-sustaining. This has raised concerns about the region&#8217;s ability to meet its climate goals, as <a href="https://www.bloomberg.com/news/articles/2024-04-19/the-ev-bust-in-europe-is-a-red-flag-for-region-s-climate-goals">reported</a> by Bloomberg on Friday.
"The market is no longer growing, and the share of electric cars in the market is actually decreasing,"&nbsp;said Mattias Bergman, chief executive officer of auto industry group Mobility Sweden.
The decrease in demand for EVs has led to a surplus, congesting ports and prompting manufacturers to scale back production. This has raised concerns about the potential impact on the region&#8217;s climate goals and the risk of job losses, following Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recent mass layoffs.
"People just don't earn enough to buy these cars," said Laurent Favre, CEO of French auto-part supplier OPmobility. "There's a gap between supply and demand and it's normal that the subsidies won't last forever. Reality is catching up with us."
See Also: <a href="https://www.benzinga.com/news/24/04/38285714/no-more-inventory-discounts-on-tesla-cars-as-ceo-elon-musk-says-sales-system-has-turned-complex-and?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">No More Inventory Discounts On Tesla Cars As CEO Elon Musk Says Sales System Has Turned &#8216;Complex And Inef</a>
According to the report, the cost of EV ownership without subsidies is no longer feasible for many consumers. Issues such as higher insurance and repair costs, limited charging infrastructure, and plummeting resale values are making EVs less accessible.
Andy Palmer, interim CEO of charging company Pod Point and former head of Aston Martin Lagonda Global Holdings Plc, expressed concern that the grants were lifted prematurely. 
He noted consumer reluctance to invest more in electric vehicles (EVs), particularly given the lagging charging infrastructure. Palmer emphasized the need to reduce car costs, aiming for a $20,000 to $30,000 price range to accelerate EV adoption.
"Consumers in Europe are lost right now as governments change the rules for EV subsidies too often. What is badly needed is some continuity in the rules in the run-up to 2035," Alexandre Marian, partner and managing director at consultancy AlixPartners. 
Why It Matters: The European EV market&#8217;s struggles come in the wake of the region&#8217;s ambitious plan to phase out sales of new combustion-engine cars by 2035. However, the current market conditions and consumer sentiments are casting doubt on the feasibility of this plan.
The European EV market&#8217;s struggles come amid a backdrop of increasing competition from Chinese automakers. Tesla&#8217;s growth in Europe was recently <a href="https://www.benzinga.com/markets/asia/24/02/37206632/tesla-struggles-to-keep-up-with-a-chinese-ev-rival-in-europe-no-its-not-byd">outpaced by Chinese automaker</a> SAIC Motors, raising questions about the future of the European EV market.
Meanwhile, the expansion of <a href="https://www.benzinga.com/24/04/38223247/the-expansion-of-chinas-ev-makers-could-threaten-the-legacy-of-european-automakers">Chinese EV makers in Europe</a> has prompted European automakers to consider tough decisions to remain competitive. The recent <a href="https://www.benzinga.com/24/04/38315215/europe-needs-a-new-strategy-for-the-ev-race">decline in EV sales in Europe</a> reflects the challenges faced by major automakers like Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), according to the report.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38294335/tesla-analyst-says-expect-fireworks-into-shareholder-meeting-after-ev-giants-proxy-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Analyst Says Expect &#8216;Fireworks&#8217; Into Shareholder Meeting After EV Giant&#8217;s Proxy Filing: &#8216;Clock Has</a>
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Global

Tech

STLA

TSLA

VWAGY

European EV Makers Say Climate Goals At Risk As Electric Car Market Is No Longer Growing: 'People Just Don't Earn Enough To Buy These...'

HC Wainwright &amp; Co. analyst Yi Chen reiterates Ocular Therapeutix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) with a Buy and maintains $16 price target.

Reiteration

OCUL

HC Wainwright & Co. Reiterates Buy on Ocular Therapeutix, Maintains $16 Price Target

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has announced that its AI assistant, powered by the <a href="https://www.benzinga.com/news/24/04/38323489/facebook-parent-meta-debuts-new-features-in-meta-ai-real-time-image-creation-and-more">newly launched Llama 3 model</a>, will now incorporate real-time search results from 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 and Microsoft Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bing.
What Happened: Meta&#8217;s AI assistant, which is now powered by the Llama 3 model, will integrate real-time search results from Google and Bing.
This is a break from the usual approach that these tech giants have adopted when it comes to their products and services, according to Josh Brown, CEO of Ritholtz Wealth Management.
"The open source nature of this is very different from the walled gardens that so many of these large tech giants have historically built,&#8221; Brown said in an interview with CNBC.
Users can access Meta AI within Facebook, Instagram, WhatsApp, Messenger, and the newly launched Meta.ai desktop experience. The AI assistant will now display results from either Google or Bing, depending on the query, providing users with a more comprehensive range of information.
See Also: <a href="https://www.benzinga.com/news/24/04/38316343/this-college-kids-30k-bet-on-mark-zuckerbergs-facebook-led-to-chuck-schumer-proposing-a-new-law">This College Kid&#8217;s $30K Bet On Mark Zuckerberg&#8217;s Facebook Led To Chuck Schumer Proposing A New Law</a>
This could have As AI chatbots become increasingly popular for information retrieval, visibility in the integrated search results will become more valuable for publishers.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Brown thinks these companies are currently in the user acquisition stage.
"I think it's the smart route. I think you just want mass adoption at this stage and then you want to take all that user ship and analyze what are people really doing with these products."
This would allow companies to then tailor their products and services according to user demands and build upon that.
"We're in this stage where no one wants to own it."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Meta strikes a partnership with Google to include search results within Meta&#39;s AI. Steve Kovach joins us with the latest. Josh Brown discusses what it means for both companies. <a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a> <a href="https://twitter.com/search?q=%24GOOGL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOGL</a> <a href="https://t.co/jRZGwRiHyK">pic.twitter.com/jRZGwRiHyK</a>
&mdash; CNBC Halftime Report (@HalftimeReport) <a href="https://twitter.com/HalftimeReport/status/1780999030853533860?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Meta recently upgraded its AI chatbot with the Llama 3 model and began running it in the search bar of its major apps across multiple countries.
Additionally, Meta launched a new meta.ai site for users to access the chatbot.
Meta also says its new <a href="https://www.benzinga.com/news/24/04/38330339/mark-zuckerbergs-meta-says-llama-3-beats-googles-gemini-mistral-and-jeff-bezos-backed-anthropics-cla">Llama 3 model outperforms</a> several other AI models in benchmark tests, including Google Gemini, Anthropic's Claude 3, and Mistral AI.
Meta&#8217;s move to integrate search results from Google and Bing into its AI assistant highlights the evolving nature of the search industry.
Price Action: Meta's stock closed 1.54% up at $501.80 on Thursday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
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: <a href="https://www.benzinga.com/news/24/04/38310022/former-openai-researcher-who-predicted-theres-a-50-chance-ai-could-kill-us-all-is-now-heading-us-ai">Former OpenAI Researcher Who Predicted There&#8217;s A 50% Chance AI Could Kill Us All Is Now Heading US AI Safety Institute</a>
Disclaimer:&nbsp;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.
Photos courtesy: Shutterstock

Equities

GOOG

GOOGL

MSFT

Meta's AI Assistant Now Integrates Real-Time Google Search, Bing Results: Expert Calls It 'The Smart Route'

Telsey Advisory Group analyst Joseph Feldman maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and raises the price target from $250 to $275.

TSCO

Telsey Advisory Group Maintains Outperform on Tractor Supply, Raises Price Target to $275

Telsey Advisory Group analyst Cristina Fernandez maintains Ethan Allen Interiors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETD#NYSE">ETD</a>) with a Market Perform and maintains $30 price target.

Telsey Advisory Group Maintains Market Perform on Ethan Allen Interiors, Maintains $30 Price Target

Pivotal Research analyst Jeffrey Wlodarczak maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Buy and raises the price target from $765 to $800.

Pivotal Research Maintains Buy on Netflix, Raises Price Target to $800

Telsey Advisory Group analyst Dana Telsey maintains Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) with a Market Perform and maintains $19 price target.