Latest News for Yinhang Internet Stock (OTC:YITD)

Yinhang Internet Technologies Development Inc operates an online website that enables merchants and consumers to connect, share information and conduct business through its subsidiaries. Through its subsidiaries, the company provides internet information service providing information platform to end user merchants advertising their products or services on its website. Its segments consist of providing internet platform services; online and physical stores to sell featured products labeled with UKT trademark, and providing advertising-supported website and magazine to publicize the information and news regarding urban and rural areas attract advertising source income. Majority of the revenue is derived from the provision of internet platform services.

YINHANG INTERNET TECH DEV by Yinhang Internet Technologies Development, Inc.

Yinhang Internet Technologies Development Inc

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) moved higher, with the cryptocurrency prices trading above the key $64,000 level on Friday.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also recorded gains, trading above the key $3,100 mark this morning.
Wormhole (CRYPTO: W) was the top gainer over the prior 24 hours, while EOS (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eos/usd">EOS</a>) turned out to be the biggest loser.
The Federal Reserve's preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – rose more than expected in March. The headline PCE price index rose from 2.5% in February 2024 to 2.7% year-on-year in March, beating forecasts of a 2.6% increase, the Bureau of Economic Analysis reported Friday.
At the time of writing, the global crypto market cap rose to $2.36 trillion, recording a 24-hour gain of 0.4%. BTC was trading higher by 0.3% at $64,180 while ETH rose by around 0.6% to $3,128 on Friday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Wormhole (CRYPTO: W)
Price: Wormhole
24-hour gain: 10.9%
Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)
Price: $0.00002727&nbsp;&nbsp;&nbsp;&nbsp;
24-hour gain: 10%
BitTorrent (New) (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btt/usd">BTT</a>)
Price: $0.000001348
24-hour gain: 7.4%
NEAR Protocol (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/near/usd">NEAR</a>)
Price: $7.15
24-hour gain: 7%
eCash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">XEC</a>)
Price: $0.00005266
24-hour gain: 4.2%
<h3 class="wp-block-heading">Losers</h3>
EOS (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eos/usd">EOS</a>)
Price: $0.8136
24-hour drop: 5.9%
Ronin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">RON</a>)
Price: $2.90
24-hour drop: 5.1%
Pendle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PENDLE</a>)
Price: $5.65&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
24-hour drop: 4.9%
Immutable (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">IMX</a>)
Price: $2.05
24-hour drop: 3.8%
Ondo (CRYPTO: ONDO)
Price: $0.7889
24-hour drop: 3.7%
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

Intraday Update

Markets

Movers

$BONK

$BTC

$BTT

$EOS

$ETH

$IMX

$NEAR

$PENDLE

$RON

$XEC

Bitcoin Surpasses $3,200 Following PCE Inflation Data; Wormhole Emerges As Top Gainer

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) with a Market Perform and lowers the price target from $10 to $9.75.

Price Target

Analyst Ratings

KREF

Keefe, Bruyette & Woods Maintains Market Perform on KKR Real Estate Finance, Lowers Price Target to $9.75

Barclays analyst Ramsey El-Assal maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Equal-Weight and lowers the price target from $80 to $75.

CTSH

Barclays Maintains Equal-Weight on Cognizant Tech Solns, Lowers Price Target to $75

Roku, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares are trading lower on Friday, reversing after gaining late<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38446113/roku-exceeds-q1-earnings-expectations-provides-upbeat-guidance" rel="noreferrer noopener">&nbsp;Thursday on first-quarter earnings.</a>
The first quarter&#8217;s gross profit was $388 million,&nbsp;<a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001428439/ef5393ce-92c6-40db-8b04-c8aa379eef60.pdf" rel="noreferrer noopener">which is&nbsp;up 15% year over year.</a>&nbsp;Gross margin, however, contracted to 44.1% from 45.6% a year ago.&nbsp;
&#8220;Looking into the second half of the year, we anticipate normal seasonal spend in Sales &amp; Marketing for Devices, which will cause Adjusted EBITDA to slightly moderate relative to the first half of the year,&#8221; the company said&nbsp;in a statement.&nbsp;
Roku reported 81.6 million streaming households in the first quarter, an increase of 14% year-over-year.&nbsp;Average revenue per user (ARPU) was $40.65 on a trailing 12-month basis (TTM), flat year over year.
Globally, the company&#8217;s users streamed 30.8 billion hours in the first quarter, and streaming hours grew 23%&nbsp;year over year&nbsp;as viewers continued to shift to TV streaming.
The Roku Channel became the #3 app on the company&#8217;s platform in the first quarter by both reach and engagement, with streaming hours up 66% year over year.
The company sees&nbsp;second-quarter&nbsp;total net revenue of $935&nbsp;million,&nbsp;above the consensus estimate.&nbsp;
Roku exited the quarter with cash and equivalents worth $2.06 billion.&nbsp;
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>,&nbsp;ROKU stock has gained over 2% in the past year.&nbsp;Investors can gain exposure to the stock via&nbsp;ARK Innovation ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and&nbsp;ARK Next Generation Internet ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).
Price Action: ROKU shares are trading lower by 8.5% to $57.44 at the last check Friday.
Photo via Shutterstock

Equities

General

ARKK

ARKW

ROKU

What's Going On With Roku Shares Friday?

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Market Perform and raises the price target from $34 to $36.

Reiteration

INBK

Keefe, Bruyette & Woods Reiterates Market Perform on First Internet, Raises Price Target to $36

Trading Ideas

BDRX

Biodexa Pharmaceuticals Shares Resume Trade

WIIM

FCUV

Focus Universal shares are trading higher after the company announced board approval for the spin-off of Lusher.

Barclays analyst Saket Kalia maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Equal-Weight and raises the price target from $170 to $175.

CHKP

Barclays Maintains Equal-Weight on Check Point Software, Raises Price Target to $175

Newell Brands Shares Resume Trade

Keefe, Bruyette &amp; Woods analyst Catherine Mealor maintains Independent Bank Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTX#NASDAQ">IBTX</a>) with a Outperform and lowers the price target from $55 to $46.

IBTX

Keefe, Bruyette & Woods Maintains Outperform on Independent Bank Gr, Lowers Price Target to $46

Focus Universal Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced the Board of Directors has approved the spin-off Lusher Inc. to develop the SEC Financial Reporting AI-Driven Automation Software for a future initial public offering and a potential Nasdaq listing.
Chief Executive Officer Desheng Wang stated, "We are excited that our management team received authorization from our Board of Directors to start the spin-off process for Lusher Inc. Lusher Inc. which will focus on AI-Driven Automation Software development and commercialization, which enables Focus Universal to concentrate more on the core of universal smart IoT. This will also allow the general market to access Lusher Inc. separately from Focus Universal, which may lead to an increase in shareholder value and unlock the intrinsic value of Lusher Inc. We believe reducing the SEC financial reporting preparation time from weeks to minutes is a compelling example to demonstrate this potential."
Focus Universal plans to distribute Lusher Inc's stock to all Focus Universal's shareholders in the form of a tax-free dividend distribution to shareholders, which will be free of charge, and free to trade when Lusher Inc. is listed upon Nasdaq. Distinguished from current providers' manual approach solutions, Focus Universal Inc. developed automated AI-driven solutions to disentangle the problem. When utilized, users may upload financial statements, and the software would update the SEC financial report and reduce preparation time significantly.
Focus Universal's AI-Driven Automation Software is the first application of this software technology within the financial reporting sector. The company also believes there exists significant potential for the use of AI-driven automated technology worldwide across multiple sectors such as accounting, logistics, insurance processing, and tax preparation solutions which would eliminate the need for labor-intensive, manual data-entry. Humans, as a whole, are slow in data entry and far less accurate than automation software. Investors who are interested in investing in Lusher, please contact <a href="mailto:ir@focusuniversal.com">ir@focusuniversal.com</a>, as investment deck is available on request.
SEC financial Reporting Software Market size was valued at US $14 Billion in 2022 and is projected to reach US $36.5 Billion by 2030, growing at a CAGR of 12.81 % from 2024 to 2030. The complexity and volume of financial data, the limiting capabilities of current spreadsheet solutions, the rising cost of compliance, and the expanding demand for such software are the main reasons propelling the growth of the financial reporting software sector. Superior financial reporting software has become an urgent necessity in order to lower accounting costs and boost efficiency.

Dividends

Focus Universal Inc. Announces Board Approval For Spin-Off Of Lusher Inc.

Barclays analyst Julian Mitchell maintains Carrier Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) with a Overweight and raises the price target from $78 to $79.

CARR

Barclays Maintains Overweight on Carrier Global, Raises Price Target to $79

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.00 by 40 percent. This is a 40 percent increase over earnings of $1.00 per share from the same period last year. The company reported quarterly sales of $10.50 billion which missed the analyst consensus estimate of $10.71 billion by 1.98 percent. This is a 8.88 percent increase over sales of $9.64 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Fomento Economico Mexicano S.A.B. De C.V.

Fomento Economico Q1 EPS $1.40 Beats $1.00 Estimate, Sales $10.50B Miss $10.71B Estimate

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) with a Market Perform and raises the price target from $28 to $29.

FIBK

Keefe, Bruyette & Woods Maintains Market Perform on First Interstate BancSys, Raises Price Target to $29

<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38113928/exclusive-the-top-crypto-vc-funding-trends-in-2024">Digital asset investment manager</a> Pantera Capital is reportedly preparing to launch a new investment fund, aiming to raise over $1 billion. 
What Happened: This new fund, known as Pantera Fund V, is scheduled for launch in April 2025 and seeks to provide investors with exposure to a diverse range of blockchain-based assets.
Unlike its previous funds, which include the Liquid Token Fund, Early Stage Token Fund, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Fund, and various Venture Funds, each with a distinct investment focus, Fund V is designed to be an all-encompassing vehicle. 
<a href="https://www.bloomberg.com/news/articles/2024-04-25/pantera-capital-seeks-to-raise-1-billion-for-a-new-crypto-fund">According</a> to Bloomberg, the fund will include startup equity, early-stage tokens, and liquid tokens, reflecting a broad spectrum strategy in the blockchain space.
The fund is targeting a substantial initial commitment from investors, requiring a minimum allocation of $1 million from qualified investors and $25 million from limited partners. 
This strategy suggests Pantera is not only capitalizing on the growing interest in digital assets but also banking on substantial institutional involvement.
This development is particularly notable given that a $1 billion fund would represent the largest raise in the cryptocurrency industry since May 2022, when <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38439393/a16z-crypto-cto-slams-memecoins-but-are-they-the-real-threat">venture capital powerhouse Andreessen Horowitz</a> secured a record $4.5 billion for its own efforts. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38437196/this-famous-buy-bitcoin-sign-netted-an-intern-1m">This Famous &#8216;Buy Bitcoin&#8217; Sign Netted An Intern $1M</a>
Why It Matters: The planned fund from Pantera comes at a time when other firms, such as VC firm Paradigm, are also seeking significant capital infusions, with reports of up to $850 million being targeted for a new cryptocurrency fund.
The momentum in the sector is underscored by recent investments and funding trends. For instance, venture capital firm Andreessen Horowitz recently raised $7.2 billion for technology-focused sectors, although its cryptocurrency-focused fund did not see an increase. 
Meanwhile, Pantera has continued to invest heavily in specific platforms, such as the GameFi platform InfiniGods, where it led an $8 million Series A funding round.
According to RootData, the cryptocurrency industry has attracted over $3.5 billion across 604 funding rounds in 2024 alone, with projections suggesting this year's total could surpass the $9.3 billion raised in 2023. 
These figures indicate a strong recovery and renewed interest in the sector, although they still fall short of the peak funding years of 2021 and 2022.
What&#8217;s Next: The launch of Pantera Fund V and the resurgence of funding in digital assets will likely be hot topics at the upcoming Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19. 
Industry experts and investors will be keen to discuss the implications of these developments and the potential for sustained growth and innovation in blockchain technologies. 
This event will serve as a critical platform for stakeholders to explore how enhanced capital inflows are shaping the future landscape of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38298590/pompliano-bitcoin-on-track-for-100-000-within-two-years-downside-risk-limited">cryptocurrency and blockchain industries.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38431860/maxine-waters-says-stablecoin-bill-in-the-short-run-coming">Maxine Waters Says &#8216;Stablecoin Bill In The Short Run&#8217; Coming</a>
Image: Shutterstock

Pantera Capital Aims To Launch $1B Blockchain Fund Amid Sector Recovery

Biodexa Pharmaceuticals Shares Halted On Circuit Breaker To The Downside, Stock Now Up 104.2%

Newell Brands Shares Halted On Circuit Breaker To The Downside, Stock Now Up 8.50%

Barclays analyst Carter Gould maintains Bristol-Myers Squibb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) with a Equal-Weight and lowers the price target from $51 to $43.

Barclays Maintains Equal-Weight on Bristol-Myers Squibb, Lowers Price Target to $43

Keefe, Bruyette &amp; Woods analyst Christopher O'Connell maintains Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) with a Market Perform and lowers the price target from $14 to $13.

FFIC

Keefe, Bruyette & Woods Maintains Market Perform on Flushing Financial, Lowers Price Target to $13

Perma-Pipe Inlt Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPIH#NASDAQ">PPIH</a>) reported quarterly earnings of $1.08 per share. This is a 176.92 percent increase over earnings of $0.39 per share from the same period last year. The company reported $40.18 million in sales this quarter. This is a 10.26 percent increase over sales of $36.44 million the same period last year.