Latest News for TCW Transform 500 ETF (BATS:VOTE)

TCW Transform 500 ETF

Gold Resource Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>) (the &quot;Company&quot;) announces its preliminary&nbsp;first quarter&nbsp;results that includes the sale of 3,557 ounces of gold and 216,535 ounces of silver resulting in total gold equivalent (&quot;AuEq&quot;) ounces of 5,965. Additionally, the company sold 1,682 tonnes of zinc, 264 tonnes of copper, and 667 tonnes of lead.

News

GORO

Reported Earlier, Gold Resource Preliminary Q1 Results, Sold 3,557 oz Of Gold And 216,535 oz Of Silver Resulting In Total Gold Equivalent oz Of 5,965.

Earnings

NCTY

The9 Limited Reported FY23 Net Revenues RMB 179M ($25M) Up From RMB 108M YoY; Net Income RMB 13M ($2M) Up From Net Loss RMB 975M YoY

Sen. Elizabeth Warren (D-Mass.) and Sen. Chuck Grassley (R-Iowa)&nbsp;have called on Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission (CFTC), to divulge details of his communications with Sam Bankman-Fried, the former CEO of FTX.
What Happened: Senator Warren and Grassley have issued a <a href="https://www.grassley.senate.gov/imo/media/doc/grassley_warren_to_cftc_-_ftx.pdf">letter</a> to Behnam asking for a comprehensive record of his interactions with Bankman-Fried during his tenure. This request comes in the wake of disclosures that CFTC officials had met with Bankman-Fried and his team as many as 10 times at the agency over a span of 14 months.
In 2022, Behnam had informed lawmakers that he had exchanged several messages with the FTX founder, who was recently sentenced to 25 years in prison for massive fraud. 
The senators are now demanding copies of all written communications. &#8220;A full accounting of all conversations about Mr. Bankman-Fried, FTX, Alameda, or any associated executives involving you or any CFTC employee,&#8221; the letter stated. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38237773/benzinga-bulls-and-bears-tesla-amc-trump-media-plus-lessons-from-dogecoins-post-2020-bitco?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Benzinga Bulls And Bears: Tesla, AMC, Trump Media Plus Lessons From Dogecoin&#8217;s Post-2020 Bitcoin Halving Surge</a>
The CFTC&#8217;s frequent communication with the FTX CEO was reportedly due to Behnam&#8217;s attempts to position FTX&#8217;s LedgerX division to directly manage margined derivatives trading for customers without an intermediary firm. This unsuccessful endeavor had even been the topic of an internal roundtable discussion at the CFTC, <a href="https://www.coindesk.com/policy/2024/04/15/elizabeth-warren-demands-us-cftc-chair-explain-his-chats-with-sbf/">reported</a> CoinDesk.
Steven Adamske, a CFTC spokesperson, confirmed that they had received the senators&#8217; letters. He said, &#8220;We just received these letters, so we will work with the office to get them the information they need.&#8221;
Why It Matters: This latest move by Warren is part of her ongoing efforts to scrutinize the cryptocurrency industry. In a recent Senate Committee on Armed Services hearing, Warren <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37928466/is-your-crypto-investment-funding-terrorism-senator-warren-sounds-alarm">raised concerns about the illicit use of cryptocurrency</a>, highlighting specific threats like terrorism financing and ‘pig butchering' scams, and emphasized the need for stricter regulations to combat these criminal activities.
Warren has also been vocal about the need for <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37356562/elizabeth-warren-takes-a-fresh-jab-at-crypto-industry-asks-why-it-needs-space-for-drug-tra">stricter regulations in the crypto industry</a>, questioning why the industry seems to say that the only way it can survive is if there's &#8220;plenty of space for the drug traffickers and human traffickers.&#8221;
Her latest demand for transparency from the CFTC chair regarding his interactions with the FTX CEO is in line with her ongoing efforts to hold the cryptocurrency industry accountable and ensure that regulatory bodies are actively monitoring and regulating the industry.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238919/crypto-markets-tumble-following-irans-drone-attack-against-israel-investor-warns-of-contin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Markets Tumble Following Iran&#8217;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Regulations

Politics

Global

TSLA

Elizabeth Warren Questions CFTC Chair On Frequent Interactions With Jailed FTX Founder Sam Bankman-Fried: Provide 'Full Accounting Of All Conversations'

Four of Textron Aviation&#39;s 20 company-owned service centers &mdash; Singapore, Paris, Zurich and Indianapolis &mdash; recertified their Tier 1 status, going above and beyond NATA&#39;s certification requirements and implementing additional sustainable practices.

Reported Earlier, Textron Aviation's Company-Owned Service Centers Received Recertification As A Green Aviation Business From NATA

In a significant development for the defense sector, Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) has clinched a substantial contract with the U.S. Missile Defense Agency, marking a pivotal moment for the company amidst recent budgetary adjustments and competitive pressures.
What Happened: Lockheed Martin has been awarded a $17 billion contract for the development of the Next Generation Interceptor (NGI), Reuters reported on Tuesday. This system is integral to the United States&#8217; defense strategy against intercontinental ballistic missile threats.
The NGI program is designed to counter potential threats from nations such as North Korea and Iran. This contract is a significant win for Lockheed Martin following the <a href="https://www.benzinga.com/news/24/02/37149083/team-biden-plans-18-reduction-in-lockheed-martins-f-35-fighter-jet-orders-for-2025-due-to-budget-con">U.S. government&#8217;s decision to reduce F-35 jet orders</a> and the cancellation of a helicopter project that Lockheed had been involved in.
The contract will modernize the Ground-Based Midcourse Defense (GMD) system, which includes radars and interceptors to protect the U.S. from missile attacks. 
Sarah Hiza, general manager at Lockheed, expressed the company&#8217;s commitment to delivering effective interceptors, with the first operational interceptor expected by 2028. The NGI is in the technology development phase and will move to product development in May, according to Lieutenant General Heath Collins.
See Also: <a href="https://www.benzinga.com/markets/asia/24/04/38242468/former-trump-aide-scaramucci-urges-keeping-ex-president-as-far-from-the-white-house-as-possible-afte?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Trump Aide Scaramucci Urges Keeping Ex-President &#8216;As Far From The White House As Possible&#8217; After Iran&#8217;s Attack On Israel: &#8216;Protect Our 76-Year Ally&#8217;</a>
After Boeing Co. lost a contract for a &#8220;kill vehicle&#8221; due to technical issues, Lockheed won the bid for the entire interceptor system. The NGI program&#8217;s lifetime value is estimated at $17.7 billion, with the Biden administration requesting $28.4 billion for missile defenses in the fiscal 2025 budget.
Despite previous challenges with the GMD system and lower-than-expected profit forecasts due to supply-chain issues, Lockheed and other U.S. defense companies have seen a surge in demand for military equipment, with foreign military sales hitting a record $238 billion in 2023.
Why It Matters: The recent contract win for Lockheed Martin comes at a critical time for the company. Earlier this year, U.S. defense contractors, including Lockheed, <a href="https://www.benzinga.com/markets/equities/24/03/37449022/top-us-defence-contractors-lockheed-martin-and-raytheon-shares-dip-amid-budget-woes-while-europe">faced declining shares due to legislative stalemates</a> in Washington, which cast uncertainty over government spending. This contrasted with the rising stock prices of European defense firms following the global military boom.
<a href="https://www.benzinga.com/markets/equities/24/04/38220005/whats-going-on-with-lockheed-martin-shares-after-scoring-4b-defense-order">Lockheed&#8217;s recent $4.10 billion contract </a>from the Missile Defense Agency for the Command and Control, Battle Management, and Communications (C2BMC) system, is part of this broader effort to maintain its leadership in defense innovation and global interoperability.
With the stock closing at $453.08 on Monday, up 0.7% from the previous close, and a volume of 2,442,119, Lockheed Martin&#8217;s recent contract wins demonstrate resilience and adaptability in a changing defense landscape.
Read Next: <a href="https://www.benzinga.com/news/24/04/38241519/mark-cubans-288m-wire-transfer-to-irs-a-veiled-jab-at-trump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban&#8217;s $288M Wire Transfer To IRS: A Veiled Jab At Trump?</a>
Photo courtesy: Lockheed Martin
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 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
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 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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General

Lockheed Martin Wins $17B Contract To Shield US From North Korea, Iran Missile Threats

Ernie Bot, the artificial intelligence (AI) chatbot developed by China&#8217;s Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), has amassed over 200 million users, the company revealed on Tuesday.
What Happened: The number of users for the AI chatbot has doubled since the last update in December, reported Reuters. The chatbot was made available to the public eight months ago.
Baidu&#8217;s CEO Robin Li also disclosed that Ernie Bot&#8217;s application programming interface (API) is being used 200 million times every day. The chatbot has attracted 85,000 enterprise clients.
In February, Li informed analysts that Baidu had started generating revenue from Ernie. In the fourth quarter, the company earned several hundred million yuan by using AI to enhance its ad services and assist other companies in constructing their own models.
See Also: <a href="https://www.benzinga.com/news/24/04/38216195/elon-musk-asks-advertisers-to-return-to-x-after-months-of-tussle-with-disney-apple-and-others-as-zuc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Asks Advertisers To Return To X After Months Of Tussle With Disney, Apple, And Others As Zuckerberg&#8217;s Meta Faces Flak For Ad-System Inconsistency</a>
Ernie Bot was the first locally developed ChatGPT-like chatbot to be announced in China last March. However, it only received approval for public release in August, making it one of the first eight AI chatbots approved by Beijing.
Despite the impressive growth, Baidu faces stiff competition from other domestic AI services. Moonshot AI, an Alibaba-backed startup, has seen its &#8220;Kimi&#8221; chatbot rapidly gaining ground on Ernie Bot, according to the report.
Despite the impressive growth in the domestic market, Chinese generative AI services still lag behind their Western counterparts. According to AIcpb.com, OpenAI&#8217;s ChatGPT remains the world&#8217;s most popular generative AI service, with total traffic growing 9% to reach 1.86 billion views last month.
Why It Matters: Baidu&#8217;s AI chatbot has been making significant strides in the past year. In December, the company announced that Ernie had <a href="https://www.benzinga.com/news/23/12/36424514/baidus-ai-chatbot-ernie-surpasses-100-million-users-giving-openai-a-run-for-its-money">surpassed 100 million users</a>, putting it in direct competition with OpenAI&#8217;s ChatGPT. 
In October, Baidu <a href="https://www.benzinga.com/fintech/23/10/35295627/chatgpt-vs-ernie-bot-baidu-launches-upgraded-ai-chatbot-showcases-advanced-capabilities">launched an upgraded version</a> of the Ernie bot, showcasing advanced capabilities. This move was seen as a strategic step to maintain its position in the fiercely competitive AI market.
The company has been bullish about the chatbot&#8217;s potential, with analysts <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35917729/baidus-ai-chatbot-earnie-4-is-off-to-a-good-start-says-bullish-analyst">noting its strong start</a> in monetization.
Read Next: <a href="https://www.benzinga.com/news/24/04/38178568/elon-musk-reacts-to-old-clip-of-apple-co-founder-steve-jobs-saying-theres-a-tremendous-amount-of-cra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Old Clip Of Apple Co-Founder Steve Jobs Saying &#8216;There&#8217;s A Tremendous Amount Of Craftsmanship In Between A Great Idea And A Great Product&#8217;</a>
Image Via Shutterstock 
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 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
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 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>
 
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Tech

BIDU

ChatGPT's China Rival 'Ernie Bot' By Baidu Surpasses 200M Users Amid Fierce Competition

Johnson &amp; Johnson (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/JNJ/earnings">opening bell on April 16, 2024</a>.
Analysts expect the New Brunswick, New Jersey-based company to report quarterly earnings at $2.64 per share, up from $2.41 per share in the year-ago period. Johnson &amp; Johnson is projected to report quarterly revenue of $21.40 billion, compared to $24.75 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Rallybio recently announced a collaboration with Johnson &amp; Johnson to support the development of complementary therapeutic approaches aimed at reducing the risk of fetal and neonatal <a href="https://www.benzinga.com/general/biotech/24/04/38202543/rare-disease-focused-rallybio-inks-development-pact-with-johnson-johnson-stock-shoots-higher">alloimmune thrombocytopenia (FNAIT)</a>.
Johnson &amp; Johnson shares rose 0.1% to close at $147.59 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let&rsquo;s have a look at how Benzinga&rsquo;s most-accurate <a href="https://www.benzinga.com/quote/JNJ/analyst-ratings"> analysts have rated the company </a> in the recent period.
<ul>
<li>Cantor Fitzgerald analyst Louise Chen reiterated an Overweight rating with a price target of $215 on April 15, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Morgan Stanley analyst Terence Flynn maintained an Equal-Weight rating and cut the price target from $170 to $169 on Jan. 24, 2024. This analyst has an accuracy rate of 69%.</li>
<li>Raymond James analyst Jayson Bedford maintained an Outperform rating and raised the price target from $172 to $175 on Jan. 3, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Wells Fargo analyst Larry Biegelsen downgraded the stock from Overweight to Equal-Weight and cut the price target from $170 to $163 on Dec. 13, 2023. This analyst has an accuracy rate of 73%.</li>
<li>UBS analyst Danielle Antalffy upgraded the stock from Neutral to Buy with a price target of $180 on Dec. 1, 2023. This analyst has an accuracy rate of 62%.</li>
</ul>
&nbsp;
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38247436/brightcove-and-1-other-penny-stock-insiders-are-buying"> Brightcove And 1 Other Penny Stock Insiders Are Buying </a>

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Johnson & Johnson Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.05 by 48 percent. This is a 7.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $5.13 billion which missed the analyst consensus estimate of $5.34 billion by 3.91 percent. This is a 14.30 percent decrease over sales of $5.99 billion the same period last year.

ERIC

Ericsson Q1 EPS $0.07 Beats $0.05 Estimate, Sales $5.13B Miss $5.34B Estimate

In the lead-up to the &#8216;halving&#8217; event, Crypto.com CEO Kris Marszalek anticipates a surge in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sales. This event, expected to significantly boost Bitcoin&#8217;s price over time, is predicted to occur around Apr. 20.
What Happened: The &#8216;halving&#8217; event decreases the new supply of Bitcoin and has historically been a positive influence on prices. However, there are uncertainties about a repeat performance, considering that Bitcoin already reached a record high in mid-March, <a href="https://www.bloomberg.com/news/articles/2024-04-16/bitcoin-btc-sales-may-pick-up-around-halving-crypto-com-ceo-says">reported</a> Bloomberg.
Marszalek proposed that as the &#8216;halving&#8217; date nears, there could be a rise in selling due to &#8216;buy-the-rumor, sell-the-news&#8217; trading. Despite this, he is confident that the &#8216;halving&#8217; event will make a &#8220;substantial difference&#8221; and is a &#8220;positive development for the market&#8221; over a longer period.
Inflows into three-month-old spot-Bitcoin exchange-traded funds in the U.S. helped the token reach an all-time peak of $73,798 last month.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238919/crypto-markets-tumble-following-irans-drone-attack-against-israel-investor-warns-of-contin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Markets Tumble Following Iran&#8217;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
Marszalek expressed his anticipation for &#8220;pretty decent action within the six months following the Bitcoin halving.&#8221;
Why It Matters: The introduction of Bitcoin ETFs has been projected to potentially drive Bitcoin's price to <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38262656/bitcoin-etfs-could-propel-king-crypto-above-golds-market-cap-says-analyst-these-are-very-c">surpass that of gold</a>, according to cryptocurrency analyst Willy Woo. This prediction was made in light of the recent introduction of Bitcoin ETFs.
Despite Bitcoin&#8217;s endorsement by investment heavyweight BlackRock Inc, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38262428/bitcoin-is-just-an-extractive-bubble-says-portfolio-manager-as-blackrocks-acceptance-fails">skepticism about the cryptocurrency persists</a> among many finance professionals. This skepticism was expressed at a recent Miami event.
Despite Bitcoin's sharp decline from highs of approximately $70,500 to a low of $62,800, over the weekend, Max Keizer, CEO and Founder of BecauseBitcoin.com, r<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38256809/bitcoins-weekend-selloff-a-healthy-shakeout-not-a-market-crash-expert-says">emains optimistic</a>. He urged investors to view the price drop as a healthy shakeout, not a reason to panic. 
Price Action: Bitcoin is currently trading at $62,682, experiencing a decline of 1.23% today, yet showing a robust increase of 41.91% year to date, according to the data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238296/amid-dogecoin-crash-374-million-doge-moved-from-robinhood-to-unknown-wallet?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Dogecoin Crash, 374 Million DOGE Moved From Robinhood To Unknown Wallet</a>
Image Via Shutterstock 
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 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
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 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>
 
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$BTC

Bitcoin Halving May See Rise In King Crypto Sales, Forecasts Crypto.Com CEO, But 'Decent Action' Anticipated Within Next Six Months

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Bank of America Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>) to report quarterly earnings at 77 cents per share on revenue of $25.46 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Bank of America shares fell 0.1% to $35.91 in after-hours trading.
My Size, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mysz#NASDAQ">MYSZ</a>) disclosed a 1-for-8 reverse stock split. My Size shares jumped 10.3% to $0.4760 in the after-hours trading session.
Analysts are expecting Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>) to post quarterly earnings at $1.66 per share on revenue of $14.41 billion. The company will release earnings before the markets open. Morgan Stanley shares rose 0.9% to $86.99 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Mitek Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mitk#NASDAQ">MITK</a>) reported worse-than-expected first-quarter financial results. The company posted adjusted earnings of 14 cents per share, missing market estimates of18 cents per share. The company&#39;s sales came in at $36.92 million, versus expectations of&nbsp;$39.02 million.&nbsp;Mitek Systems shares fell 5.5% to $14.02 in the after-hours trading session.
Analysts expect Johnson &amp; Johnson (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>) to post quarterly earnings at $2.64 per share on revenue of $21.40 billion before the opening bell. Johnson &amp; Johnson shares slipped 0.3% to $147.20 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38243095/how-to-earn-500-a-month-from-morgan-stanley-stock-ahead-of-q1-earnings"> How To Earn $500 A Month From Morgan Stanley Stock Ahead Of Q1 Earnings </a>

Penny Stocks

Small Cap

MITK

MYSZ

Bank of America, Morgan Stanley And 3 Stocks To Watch Heading Into Tuesday

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the &quot;Fear&quot; zone on Monday.
U.S. stocks closed lower on Friday amid concerns over the conflict in the Middle East, with the S&amp;P 500 falling more than 1% during the session.
On the economic data front, U.S. retail sales increased 0.7% month-over-month in March following a revised 0.9% rise in February. The NY Empire State Manufacturing Index climbed to -14.3 in April versus the prior month&rsquo;s reading of -20.9.
Snap One Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snpo#NASDAQ">SNPO</a>) shares jumped over 29% on Monday after the company announced that it will be acquired by Resideo Technologies. Goldman Sachs Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) reported better-than-expected first-quarter earnings.
All sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate and communication services stocks recording the biggest losses on Monday.
The Dow Jones closed lower by around 248 points to 37,735.11 on Monday. The S&amp;P 500 fell 1.20% at 5,061.82, while the Nasdaq Composite dipped 1.79% at 15,885.02 during Monday&rsquo;s session.
Investors are awaiting earnings results from Johnson &amp; Johnson (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>), Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>) and Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>) today.
At a current reading of 41, the index moved to the &quot;Fear&quot; zone on Monday, versus a prior reading of 46.2.
What is the CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38215878/how-to-earn-500-a-month-from-goldman-sachs-stock-ahead-of-q1-earnings-report"> How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q1 Earnings Report</a>

SNPO

Fear & Greed Index Moves To 'Fear' Zone; S&P 500 Down Over 1%

Elon Musk&#8216;s&nbsp;SpaceX&nbsp;is making available refurbished&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/01/36819164/could-starlink-put-mars-on-speed-dial-spacex-ceo-elon-musk-tells-why-its-tremendously-difficult-give" rel="noreferrer noopener">Starlink dishes</a>&nbsp;to U.S. consumers at a discounted price.
What Happened: The company is offering refurbished Starlink kits for $399, a lower price than the standard $599,&nbsp;<a target="_blank" href="https://www.pcmag.com/news/spacex-selling-399-refurbished-starlink-dishes-to-us-users" rel="noreferrer noopener">reported</a>&nbsp;PCMag.&nbsp;
This option is available on the Starlink website and includes the latest V4 standard dishes. The refurbished kits will have the same functionality and warranty as the standard ones.
SpaceX has been selling refurbished dishes in other countries with high demand for satellite internet service, such as Australia, the UK, and Europe. The company is currently selling the refurbished dishes to U.S. consumers in select states.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-aerospace-defense-stocks" rel="noreferrer noopener">Best Aerospace and Defense Stocks</a>
The sales may attract consumers interested in trying out the new hardware, as the V4 dish offers higher speeds and better upload rates than older models. This is the first time SpaceX has openly sold refurbished Starlink dishes to users.
Why It Matters: SpaceX has been making significant moves in the Starlink space. In a bid to enhance the quality of the service, the company&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/02/37255252/spacex-wants-starlink-satellites-closer-to-earth-for-faster-internet-speeds-and-lower-risks-during-f" rel="noreferrer noopener">requested</a>&nbsp;regulatory approval to position some of its second-generation Starlink satellites closer to Earth.&nbsp;
Meanwhile, despite a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38154879/elon-musks-starlink-gone-rogue-black-market-supplies-banned-tech-to-russia-and-beyond-report-reveals" rel="noreferrer noopener">ban on Starlink use in Russia</a>, the company has been facing the challenge of black market supplies of its terminals being used by the Russian forces in their war against Ukraine.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38262675/not-good-for-tesla-if-its-true-says-fund-manager-as-new-report-says-ev-maker-has-pu" target="_blank" rel="noreferrer noopener">&#8216;Not Good&#8217; For Tesla If It&#8217;s True, Says Fund Manager, As New Report Says EV Maker Has Put Sub-$30K Vehicle On Hold</a>
Photo via Shutterstock
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SPACE

Waiting To Get A Starlink Connection? Elon Musk's SpaceX Offers Refurbished Dishes For $200 Discount

Macro Economic Events

Econ #s

Economics

U.K. Unemployment Rate For February 4.2% Vs. 4.0% Est.; 3.9% Prior

U.K. Employment Change 3M/3M (MoM) For February -156K Vs. -21K Prior

U.K. Claimant Count Change For March 10.9K Vs. 17.2K Est.; 4.1K (Revised) Prior

U.K. Average Earnings Index +Bonus For February 5.6% Vs. 5.5% Est.; 5.6% Prior

Amid ongoing scrutiny over <a href="https://www.benzinga.com/news/24/02/37286643/meta-faces-flak-for-child-exploitation-via-subscription-tools-on-facebook-and-instagram">social media&#8217;s impact on youth</a>, a recent court decision has brought some relief to Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg.
What Happened: On Monday, a judge partially dismissed claims against Zuckerberg in a series of lawsuits that charged him with concealing the potential harm of Facebook and Instagram to children, Reuters reported. The U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, ruled out certain allegations against Zuckerberg.
The litigation is part of a larger group of lawsuits filed by children alleging that addiction to social media platforms has caused them harm. Of these, 25 lawsuits specifically targeted Zuckerberg, accusing him of misleading the public about the platforms&#8217; safety. However, Judge Rogers determined that the plaintiffs could not prove Zuckerberg had a personal duty to disclose risks based on his knowledge of Meta&#8217;s products.
See Also: <a href="https://www.benzinga.com/news/24/04/38239037/googles-sundar-pichai-grapples-with-ai-mishaps-nvidia-caitlin-clark-of-stock-market-and-more-this-we?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google&#8217;s Sundar Pichai Grapples With AI Mishaps, Nvidia &#8216;Caitlin Clark&#8217; Of Stock Market And More: This Week In AI</a>
While this ruling is a win for Zuckerberg, Meta still faces other allegations in the ongoing lawsuits, which also involve tech giants like Alphabet, ByteDance, and Snap. These cases claim that children have suffered harm due to social media use and seek damages and cessation of the alleged harmful practices. Legal actions by several states and school districts against Meta are also underway.
Why It Matters: Meta has been under fire for issues related to child safety on its platforms. In February, the company faced internal concerns over the misuse of subscription tools on Facebook and Instagram, which were being exploited by adults targeting children.
In January, <a href="https://www.benzinga.com/markets/equities/24/01/36875784/its-terrible-metas-zuckerberg-apologizes-to-families-of-online-child-abuse-victims-at-senate-hea">Zuckerberg apologized during a Senate</a> hearing to families of online child abuse victims. This followed revelations from a whistleblower about Instagram&#8217;s inadequate protection for young users from online harassment.
Read Next: <a href="https://www.benzinga.com/news/24/04/38178568/elon-musk-reacts-to-old-clip-of-apple-co-founder-steve-jobs-saying-theres-a-tremendous-amount-of-cra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Old Clip Of Apple Co-Founder Steve Jobs Saying &#8216;There&#8217;s A Tremendous Amount Of Crafts</a>
Photo courtesy: Brian Solis via Flickr
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Social Media

Legal

Media

Zuckerberg Dodges A Bullet: Judge Tosses Some Lawsuit Claims Against Meta CEO In Youth Harm Litigation

Marques Brownlee, a renowned YouTube tech reviewer, has recently stirred up controversy with his critique of Humane&#8216;s AI Pin, raising questions about the impact of his influence on burgeoning companies.
What Happened: Brownlee, also known as MKBHD, titled his review of the AI Pin as &#8220;The Worst Product I&#8217;ve Ever Reviewed… For Now.&#8221;
Despite praising the design and concept of the device, Brownlee took issue with its performance, pointing out slow response times, inaccurate answers, inconsistent battery life, and subpar photo and video quality.
The review ignited a fiery debate online. Some, like Humane&#8217;s head of new media, Sam Sheffer, welcomed Brownlee&#8217;s &#8220;honest&#8221; and &#8220;solid&#8221; review, seeing it as constructive criticism. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">an honest, solid review marques — all fair and valid critiques, both the good and the bad feedback is a gift. we reflect and we listen and we learn and we continue building. <a href="https://t.co/gKp1E3V2et">https://t.co/gKp1E3V2et</a>
&mdash; Sam Sheffer (@samsheffer) <a href="https://twitter.com/samsheffer/status/1779677818189722100?ref_src=twsrc%5Etfw">April 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Others, however, deemed it &#8220;almost unethical&#8221; due to Brownlee&#8217;s considerable influence and the potential repercussions of his review on Humane&#8217;s future.
Critic Daniel Vassallo argued that Brownlee&#8217;s review title could be damaging to Humane, as it&#8217;s what most people will see. He underscored that the power to devastate a company should not be taken lightly.
<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 find it distasteful, almost unethical, to say this when you have 18 million subscribers. Hard to explain why, but with great reach comes great responsibility. Potentially killing someone else's nascent project reeks of carelessness. First, do no harm. <a href="https://t.co/xFft3u2LYG">pic.twitter.com/xFft3u2LYG</a>
&mdash; Daniel Vassallo (@dvassallo) <a href="https://twitter.com/dvassallo/status/1779753281960722706?ref_src=twsrc%5Etfw">April 15, 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/markets/cryptocurrency/24/04/38237773/benzinga-bulls-and-bears-tesla-amc-trump-media-plus-lessons-from-dogecoins-post-2020-bitco?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Benzinga Bulls And Bears: Tesla, AMC, Trump Media Plus Lessons From Dogecoin&#8217;s Post-2020 Bitcoin Halving Surge</a>
Alex Finn highlighted the formidable influence wielded by creators in today&#8217;s digital landscape. Referring to a critical review by popular YouTuber MKBHD, Finn said &#8220;MKBHD bankrupted a company in 41 seconds.&#8221;
The assertion that a mere slight from a prominent content creator, coupled with harsh critique, could precipitate a company&#8217;s downfall underscores the significant power creators hold in shaping consumer perceptions and market outcomes in 2024.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">MKBHD bankrupted a company in 41 seconds A slight criticism from a big Youtuber, let alone calling the product HORRENDOUS, is enough to make a company go bust Creators are so much more powerful in 2024 than you think This clip will be the gravestone for Humane <a href="https://t.co/UbVtEHbN1g">pic.twitter.com/UbVtEHbN1g</a>
&mdash; Alex Finn (@AlexFinnX) <a href="https://twitter.com/AlexFinnX/status/1779866815226646880?ref_src=twsrc%5Etfw">April 15, 2024</a></blockquote>
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In 2018, Imran Chaudhri and Bethany Bongiorno, who had previously worked at Apple Inc, co-founded Humane. The startup transitioned out of stealth mode in 2021. Chaudhri presented the device and showcased its functionalities during a TED Talk in May. Later, the product gained further exposure when it was exhibited at Paris Fashion Week in September.
Why It Matters: Humane&#8217;s AI Pin, backed by OpenAI&#8216;s Sam Altman, was expected to revolutionize the consumer tech industry. The device was in talks with <a href="https://in.benzinga.com/content/37383856/sam-altman-backed-humane-in-talks-with-indian-telcos-for-voice-and-gesture-controlled-ai-pin-launch">Indian telecom operators</a> for its launch and was even named as one of the <a href="https://www.benzinga.com/news/23/10/35412753/what-is-humane-ai-pin-one-of-time-magazines-best-inventions-of-2023">&#8220;Best Inventions of 2023&#8221;</a> by Time Magazine.
Despite the hype, the device was not without its critics. Bloomberg columnist Mark Gurman had previously <a href="https://www.benzinga.com/news/24/04/38240620/potential-iphone-killer-humane-ai-pins-design-interface-inherently-flawed-says-gurman-can-merely-be">expressed skepticism</a> about the device&#8217;s potential, stating that smartphones were here to stay. 
The device&#8217;s price tag and subscription model also raised eyebrows, with the AI Pin <a href="https://www.benzinga.com/news/23/11/35695413/humane-ai-pin-will-cost-699-require-a-24month-subscription-and-comes-with-openai-integration">costing $699 and requiring a $24/month</a> subscription.
The controversy surrounding Brownlee&#8217;s review highlights the significant influence of tech influencers and the potential impact of their reviews on the success of emerging tech products.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38255536/dogecoin-down-25-in-past-week-but-if-you-get-a-chance-to-buy-it-in-the-high-0-10s-buy-it-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Down 25% In Past Week, But &#8216;If You Get A Chance To Buy It In The High $0.10s, Buy It,&#8217; Says Trader</a>
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'MKBHD Bankrupted A Company In 41 Seconds':  Tech Influencer's Critique Of Humane's AI Pin Stirs Debate

Reported Earlier, Chinese Unemployment Rate For March 5.2% Vs. 5.2% Est.; 5.3% Prior

Reported Earlier, China Industrial Production Year to Date (YoY) 6.1% Vs. 6.0% Est.; 7.0% Prior

Engine No. 1 Transform 500 ETF declares quarterly distribution of $0.2392

Flexibility Matters

Engine No. 1 Transform 500 ETF declares quarterly distribution of $0.1758

Large Vs. Small Gap Keeps Widening

Engine No. 1 Transform 500 ETF declares quarterly distribution of $0.2210

Magnificent Seven Drive 2023 U.S. Large Caps - And Spotlight Index Profitability Rules

Rate Decreases: Be Careful What You Wish For?

Why U.S. Large Cap Growth's Banner Year Didn't Look The Same Across Index Providers

TCW Transform 500 ETF declares $0.1855 dividend

Weekly Market Pulse: A New Paradigm?

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Latest News for TCW Transform 500 ETF (BATS:VOTE)