Wellness Matrix Group (OTC:WMGR) Stock, Quote.Headers.trade-ideas

Wellness Matrix Group Inc is a United States based company that develops and implements the technologies available to provide healthcare and access to the data storage and records security to customers.

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WELLNESS MATRIX GRP INC by Wellness Matrix Group, Inc.

Wellness Matrix Group Inc

Amid the Federal Reserve&#8217;s recent decision to cut interest rates, CNBC&#8217;s Jim Cramer has weighed in on how these changes might affect the technology sector.
What Happened: Cramer discussed the Federal Reserve&#8217;s recent interest rate cuts and their implications for the technology sector on Wednesday. He believes these cuts do not significantly benefit tech stocks.
According to <a href="https://www.cnbc.com/2024/09/18/cramer-explains-what-the-feds-rate-cuts-mean-for-tech-stocks.html">CNBC</a> on Thursday, Cramer stated, &#8220;With a double-sized rate cut that everybody already expected, you aren&#8217;t going to see a huge run in tech.&#8221; 
He emphasized that the Fed&#8217;s actions are more beneficial to companies reliant on a healthy consumer base.
The Federal Reserve initiated its rate-cutting cycle by reducing rates by half a point and signaled an additional 50 basis points cut by year-end. This marks the first rate cut since the pandemic, aimed at addressing inflation and balancing economic risks.
Cramer highlighted his observations from Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>)&#8217;s annual conference in San Francisco, noting that tech companies, particularly those focused on AI, are less impacted by rate cuts. These companies cater to enterprises rather than consumers, distancing them from the labor market.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40919168/ethereum-co-founder-says-donald-trump-is-certainly-the-favorite-over-kamala-harris-for-cry?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ethereum Co-Founder Says Donald Trump Is &#8216;Certainly The Favorite&#8217; Over Kamala Harris For Crypto</a>
He suggested that consumer-oriented companies might benefit more during this rate-cutting cycle. Despite potential gains for tech stocks, Cramer noted that Wall Street often shifts focus to companies that thrive with lower rates.
Cramer concluded, &#8220;On days like today, we want the companies that desperately needed a rate cut, because they just got what they wished for. But tech? It got out of the wish game a very long time ago.&#8221;
Why It Matters: The Federal Reserve&#8217;s decision to cut interest rates by 50 basis points marks a significant shift in monetary policy, breaking a streak of 12 consecutive months with rates held steady. This move aims to <a href="https://www.benzinga.com/news/earnings/24/09/40932557/dow-tumbles-over-100-points-following-feds-rate-decision-fear-greed-index-in-greed-zone">address inflation and balance</a> economic risks. The rate cut has already impacted market sentiment, with the CNN Money Fear and Greed index showing improvement, moving into the &#8220;Greed&#8221; zone.
Price Action: Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks tech players like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and others, was trading 1.67% higher during the pre-market at $479.33 while it closed at $471.44, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913080/shiba-inu-team-says-launching-k9-finance-liquid-staking-on-shibarium-tomorrow-are-shib-bur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Team Says Launching K9 Finance Liquid Staking On Shibarium Tomorrow: Are SHIB Burns Set To Accelerate From Here On Now?</a></li>
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Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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Federal Reserve

AAPL

AVGO

MSFT

NVDA

Jim Cramer Predicts No 'Huge Run' For Tech Stocks After Federal Reserve Cuts Rate: 'It Got Out Of The Wish Game A Very Long Time Ago'

A2Z Inks Framework Agreement With Level 10 To Support U.S. Rollout Of Smart Carts For Retailers

XPENG Motors (("XPENG" or the "Company, NYSE:<a href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), a leading Chinese AI mobility company, is set to participate in the Paris Motor Show 2024 from October 14th to October 20th. Showcasing under the theme "Enchanté, Paris!"1, XPENG will present a range of new technologies and solutions on Booth 6A51 in Hall 6, highlighting its commitment to intelligent, sustainable mobility solutions tailored for the European market.
At the show, XPENG will unveil its latest advancements, including the next-generation smart in-car operating system, Tianji XOS 5.4 for the European market. This innovation showcases XPENG's roadmap to bring adaptive, AI-powered driving experiences to European roads. In addition, XPENG will also demonstrate its next-generation smart cockpit, featuring advanced personalized customization options for displays and frequent OTA update.
Visitors will gain insights into XPENG's future plans, including a roadmap for expanded AI integration and the latest vehicle model incorporating these advancements.
XPENG's participation in the Paris Motor Show underscores its long-term plan to expand globally and become the leading company in AI-powered mobility. As part of this vision, XPENG will continue to leverage its AI expertise and technological innovations to redefine the future of AI mobility.

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Regulations

XPEV

XPENG To Showcase Smart Mobility Solutions and Latest Vehicle Model at Paris Motor Show 2024

New Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicle registrations in the European Union in the first eight months of 2024 dropped 15% as compared to the corresponding period last year<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39499253/elon-musks-ev-giant-will-see-revenue-from-its-auto-business-slumping-this-year-but-"> as overall electric vehicle (EV) demand dropped</a>, data from Europe&#8217;s auto industry body showed on Thursday.
What Happened: Only 152,607 new Tesla vehicles were registered this year in the EU as of the end of August, as compared to 179,363 registrations in the corresponding period of last year, the European Automobile Manufacturers Association (ACEA) said. 
Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) is not faring great in the EU either. In the eight months that ended August, Ford&#8217;s new vehicle registration dropped 16% to 210,351 units. 
However, Swedish automaker Volvo Cars, majority-owned by China&#8217;s Geely, saw new car registrations rise 38% to 192,365 units while Chinese state-owned SAIC Motor also marked an 18% growth in registrations to 102,924 units.
Japan-based Toyota Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) witnessed its registrations rise by 18% this year through the end of August to 571,574 units even as rivals including Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) and Hyundai (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) recorded a 3.2% and 4.3% dip in registrations, respectively.
German automaker Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) continues to be the best-selling car brand in the EU, with 1.9 million new vehicles registered in the first eight months of 2024, growing by 1.6% over the same period last year.
Why It Matters: Overall, 7.2 million new cars have been registered<a href="https://www.benzinga.com/news/24/07/39635158/eu-imposes-provisional-duties-of-as-much-as-37-6-on-chinese-ev-imports"> in the EU</a> this year as of the end of August, marking a growth of 1.4% from last year. 
Hydrid electric vehicles&#8217; popularity in the period rose, as depicted by the 21% rise in registrations. Battery electric vehicle registrations dipped 8.3% while diesel vehicle registrations dropped 9.7%.
On Wednesday, the ACEA took note of the drop in BEV market share in the EU. &#8220;European auto manufacturers, united in ACEA, therefore call on the EU institutions to come forward with urgent relief measures before new CO2 targets for cars and vans come into effect in 2025,&#8221; it said. 
EV adoption and production are hindered by a lack of charging infrastructure and a competitive manufacturing environment, it said, while adding that the current emission rules do not account for the profound shift in the geopolitical and economic climate over the past years. 
The 2025 CO2 emission targets could result in multi-billion euro fines, production cuts, and job losses, ACEA said, while calling for the CO2 regulations for light-duty and heavy-duty vehicles to be reviewed next year. 
&#8220;We stand ready to discuss a package of short-term relief for the 2025 CO2 targets for cars and vans, as well as a fast-track, comprehensive, and robust review of the CO2 Regulations for both cars and trucks, plus targeted secondary legislation, to get the zero-emission transition firmly on track and secure Europe's industrial future,&#8221; it said. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40917032/tesla-cybertruck-lead-engineer-warns-against-using-extension-cord-on-superchargers">Tesla Cybertruck Lead Engineer Warns Against Using Extension Cord On Superchargers</a></li>
</ul>
Photo courtesy: Unsplash

Tech

HYMTF

STLA

TSLA

VWAGY

Tesla Registrations In EU Take A Hit In 2024 As EV Demand Slows: Volkswagen, Volvo, And Toyota Continue To Gain Speed

Billionaire entrepreneur Mark Cuban is teaming up with Vice President Kamala Harris to protect American businesses from Chinese knockoffs.
What Happened: In a post on X, Cuban mentioned he had a &#8220;conversation with the @KamalaHarris team about protecting American companies from Chinese knockoffs.&#8221; He emphasized the detrimental impact of knockoffs on small businesses, stating they &#8220;cost them time, money and may put them out of business.&#8221;
&#8220;Knockoffs are a plague on small businesses,&#8221; he added.
Cuban questioned whether marketplace platforms should vet all foreign manufacturers selling to U.S. consumers, seeking suggestions for the best approach. He did not specify when the conversation occurred or any further strategies discussed.
&#8220;Kamala is focused on supporting and protecting American companies from unfair foreign competition,&#8221; Cuban wrote. 
<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">Had an interesting conversation with the <a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw">@KamalaHarris</a> team about protecting American companies from Chinese Knockoffs Knockoffs are a plague on small businesses, that costs them time, money and may put them out of business. Right now all marketplace platforms do is help…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1836523911351263690?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913080/shiba-inu-team-says-launching-k9-finance-liquid-staking-on-shibarium-tomorrow-are-shib-bur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Team Says Launching K9 Finance Liquid Staking On Shibarium Tomorrow: Are SHIB Burns Set To Accelerate From Here On Now?</a>
Cuban reiterated Harris&#8217; commitment to supporting American companies against unfair foreign competition. 
Why It Matters: This collaboration comes at a significant time for Cuban, who recently announced that the 16th season of &#8220;Shark Tank&#8221; will be his last. Cuban has been a <a href="https://www.benzinga.com/general/entertainment/24/09/40930343/slide-over-mark-cuban-theres-a-new-shark-in-the-pool-could-this-billionaire-be-his-replacem">fixture on the show since its third season</a>, investing over $20 million in various companies. The announcement has led to speculation about who might replace him on the popular investing show. 
Additionally, Cuban has been vocal about his support for Harris and her economic policies. He recently praised her for being pro-business and more supportive of entrepreneurs than any <a href="https://www.benzinga.com/startups/24/09/40855223/mark-cuban-praises-kamala-harris-support-for-business-is-her-new-tax-plan-a-game-changer">other candidate in recent memory</a>. 
This was highlighted in a recent post on X, where he stated, &#8220;Kamala Harris is listening to business leaders and gathering their feedback on what&#8217;s fair and what will lead to more investment in businesses.&#8221; 
Cuban&#8217;s engagement with Harris also extends to discussions about her tax policies. He recently invited Elon Musk to a <a href="https://www.benzinga.com/news/24/09/40872989/mark-cuban-asks-elon-musk-he-can-directly-question-him-about-kamala-harris-economic-policies-but-wan">direct discussion about Harris&#8217; economic policies</a>, emphasizing his active role in shaping business-friendly policies. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">Amazon Ends Remote Work, Former Employee Asks If This Is The Company&#8217;s Version Of &#8216;Silent Sacking&#8217;</a></li>
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Photos courtesy: Flickr and Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Politics

Global

Economics

Mark Cuban Teams Up With Kamala Harris To Protect American Businesses From 'Unfair Foreign Competition' From Chinese Clone Products: 'Knockoffs Are A Plague On Small Businesses'

Marygold Companies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MGLD#AMEX">MGLD</a>) reported quarterly losses of $(0.05) per share. This is a 266.67 percent decrease over earnings of $0.03 per share from the same period last year. The company reported $8.30 million in sales this quarter. This is a 6.74 percent decrease over sales of $8.90 million the same period last year.

Earnings

The Marygold Companies, Inc. Common Stock

MGLD

Marygold Companies Q4 EPS $(0.05) Down From $0.03 YoY, Sales $8.30M Down From $8.90M YoY

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