Option chain shows key data for American Education Center's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for American Education Center.

American Education Center (OTC:AMCT) Stock, Option Chain

American Education Center Inc is a United States-based company engaged in the providing of consulting services. Its Consulting services include Placement Advisory Services, Career Advisory Services, Student & Family Advisory Services, and Other Advisory Services. The company operates in two segments namely AEC New York segment and AEC BVI segment. The majority of the revenue is generated from the AEC New York segment which capitalizes middle-class families in China for quality education and works experiences in the United States( US) and delivers customized high school and college placement and career advisory services to Chinese students wishing to study in the US.

News

Intraday Update

Markets

Movers

Trading Ideas

AAPL

ADIA

AEGN

AEIS

AFIN

AGRX

ALIAF

ALLE

ALPP

AMCT

AMGN

AOSL

APTV

AQUA

ARES

ARNC

AROW

ARWR

ASFI

ASPU

ATEC

ATKR

ATUS

AVGOP

BASI

BEVVF

BF-B

BIOAQ

CABA

CADNF

CARO

CASY

CBKW

CBSH

CCBG

CHCT

CHTR

CMPR

CNMD

CODI

CRWS

CSVI

CUBI

CUPUF

DCPH

DGII

DIOD

DOCU

DOOR

EBSB

EGRX

EHMEF

ESGRO

ESGRP

FAST

FBHS

FDEF

FISI

Stocks That Hit 52-Week Highs On Monday

AMERICAN ED CTR INC by American Education Center, Inc.

American Education Center Inc

Elon Musk&#8216;s rocket manufacturing company SpaceX reportedly lost ground control for at least an hour during the <a href="https://www.benzinga.com/news/24/09/40787779/spacex-launches-polaris-dawn-crew-to-space-with-aim-of-first-ever-private-spacewalk">Polaris Dawn mission</a> in September which included the first-ever private spacewalk.
What Happened: The loss of ground control was caused by a power outage at a California facility of SpaceX, according to a report by Reuters, which cited three people familiar with the matter.
The SpaceX mission control was unable to command its Dragon spacecraft in orbit during the outage but the vehicle remained safe and maintained some communication with the ground with the help of the company&#8217;s Starlink satellite network, the report added. 
The power outage triggered by a power surge disabled the mission headquarters in Hawthorne and also hit servers that host procedures meant to overcome an outage and stopped the company from transferring mission control to a backup facility in Florida, the report said.
Reuters, however, couldn&#8217;t determine if the company informed the Federal Aviation Administration (FAA) about the outage. However, as per one of the agency&#8217;s sources, the company did notify NASA while adding that the problem has been resolved and will not be an issue in future missions. 
As per present regulations, private space missions are not regulated by U.S. law and private operators need not disclose mishaps in orbit owing to a moratorium approved by Congress in 2004, Reuters noted. 
Reuters could also not determine the exact time and duration of the outage. However, as per two of the agency&#8217;s sources, it happened before the planned spacewalk and lasted at least an hour. However, the astronauts were trained to control the spacecraft themselves in the event they lost contact with the ground, the report noted. 
Prior to the Polaris Dawn crew&#8217;s launch into space, Musk had said in a post on social media platform X that it was &#8220;triple-checking everything&#8221; to ensure there was nothing more it could do for crew safety. 
Why It Matters: The five-day Polaris Dawn mission included a spacewalk carried out by private astronauts including billionaire and Shift4 Payments CEO Jared Isaacman. President-elect Donald Trump nominated Isaacman to be <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42323934/shift4-payments-stock-drops-after-ceo-jared-isaacmans-nasa-nomination-whats-going-on">administrator of NASA</a> earlier this month. The nomination must be confirmed by the Senate before Isaacman is appointed.
As part of the mission, Isaacman&nbsp;and fellow crew member&nbsp;Sarah Gillis&nbsp;separately exited&nbsp;SpaceX‘s Dragon spacecraft into the vacuum of space at an altitude of 435 miles (700 km) on Sept. 12, marking the&nbsp;<a href="https://www.benzinga.com/news/24/09/40787779/spacex-launches-polaris-dawn-crew-to-space-with-aim-of-first-ever-private-spacewalk" target="_blank" rel="noreferrer noopener">first-ever private spacewalk.</a>
While space agency NASA routinely conducts extravehicular activities with government astronauts, no commercial player or civilians attempted it before, making Polaris a landmark mission for SpaceX and commercial spaceflight companies.
Trump in November named Musk to co-lead a government efficiency commission aimed at bringing down government bureaucracy, slashing excess regulations, cutting waste expenditures, and restructuring federal agencies. 
The billionaire is likely to further slash regulations in the private space exploration sector in his new role given that he has previously slammed the FAA for delaying SpaceX missions and even called for the <a href="https://www.benzinga.com/news/24/09/41041586/spacex-ceo-elon-musk-calls-for-resignation-of-faa-administrator-mike-whitaker">resignation of the agency&#8217;s leadership</a>.
In September, Musk called for &#8220;radical reform&#8221; at the FAA to enable SpaceX&#8217;s vision for taking humans to Mars. &#8220;The fundamental problem is that humanity will forever be confined to Earth unless there is radical reform at the FAA!,&#8221; Musk wrote in a post on X.
Check out more of Benzinga'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:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/12/42523006/new-passenger-vehicles-in-us-to-sound-warnings-if-rear-passengers-dont-fasten-seat-belts" target="_blank" rel="noreferrer noopener">New US Cars To Sound Warnings If Rear Passengers Fail To Fasten Seat Belts: ‘More We Can Do To Make Sure Everyone Buckles Up&#8217;</a></li>
</ul>
Photo courtesy: NASA/SpaceX

Regulations

SPACE

Tech

SpaceX Lost Ground Control On Dragon Spacecraft During Polaris Dawn Mission Due To Power Outage At California Facility: Report

Food delivery platform Grubhub must pay $25 million and make substantial operational changes following a settlement with the Federal Trade Commission and Illinois Attorney General Kwame Raoul over <a href="https://www.benzinga.com/news/global/24/11/41962459/just-eat-takeaway-sells-grubhub-to-wonder-for-650m-marking-strategic-exit-from-us-market">allegations of deceptive business practices</a>, officials announced Tuesday.
What Happened: The settlement resolves charges that Grubhub deceived customers about delivery costs, misled drivers about potential earnings, and listed restaurants on its platform without permission. According to the FTC&#8217;s complaint, the company had listed up to 325,000 unaffiliated restaurants &#8211; more than half of its total listings.
&#8220;Our investigation found that Grubhub tricked its customers, deceived its drivers, and unfairly damaged the reputation and revenues of restaurants that did not partner with Grubhub—all in order to drive scale and accelerate growth,&#8221; said FTC Chair Lina Khan in the announcement.
The settlement requires Grubhub to disclose true delivery costs and eliminate hidden fees. The company must also stop listing unaffiliated restaurants and provide evidence to support any driver earnings claims. For consumer accounts that were blocked, Grubhub must create an appeals process and ensure quick access to funds when blocks are removed.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42545419/bitcoin-ethereum-dogecoin-stay-muted-before-feds-interest-rate-decision-analyst-says-btc-in-parabolic-phase-reveals-its-duration">Bitcoin, Ethereum, Dogecoin Stay Muted Before Fed&#8217;s Interest Rate Decision: Analyst Says BTC In Parabolic Phase, Reveals Its Duration</a>
Why It Matters: Internal company documents cited in the complaint revealed executives knew their pricing strategy was &#8220;misleading&#8221; and &#8220;eroding trust.&#8221; In one market, the FTC found drivers earned a median of $10 per hour despite advertisements promising up to $40 per hour.
While the FTC originally sought a $140 million judgment, the final $25 million settlement reflects Grubhub&#8217;s reported inability to pay the full amount. Most of the settlement funds will go toward consumer refunds.
The case highlights growing regulatory scrutiny of gig economy platforms. &#8220;There is no &#8216;gig platform&#8217; exemption to the laws on the books,&#8221; Khan emphasized in her statement.
In November, Just Eat Takeaway.com (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JTKWY#OTC">JTKWY</a>) revealed the sale of its U.S. food delivery business, Grubhub, to Wonder Group at an <a href="https://www.benzinga.com/news/global/24/11/41962459/just-eat-takeaway-sells-grubhub-to-wonder-for-650m-marking-strategic-exit-from-us-market">enterprise value of $650 million</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42545204/marjorie-taylor-greene-pushes-to-sell-off-usps-amid-doge-momentum-we-need-to-privatize-ive-been-saying-it-for-years">Marjorie Taylor Greene Pushes To Sell Off USPS Amid DOGE Momentum: &#8216;We Need To Privatize&#8230;I&#8217;ve Been Saying It For Years&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Government

JTKWY

Grubhub Ordered To Pay $25 Million In Settlement Over Deceptive Practices: 'No Gig Platform Exemption To The Laws,' Says FTC Chair Lina Khan

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Dow Jones index falling for the 9th session in a row to record its longest losing streak since 1978.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 3.6% on Tuesday after Mizuho upgraded the stock from Neutral to Outperform and raised its price target from $230 to $515. However, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares fell around 1.2% during the session.
On the economic data front, U.S. retail sales rose 0.7% month-over-month in November compared to a revised 0.5% gain in the previous month and above market estimates of 0.5%. U.S. industrial production declined by 0.1% from the previous month in November compared to a 0.4% drop in October, versus market estimates of a 0.2% gain.
Most sectors on the S&amp;P 500 closed on a negative note, with industrials, energy, and financials stocks recording the biggest losses on Tuesday. However, consumer discretionary stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 268 points to 43,449.90 on Tuesday. The S&amp;P 500 fell 0.39% to 6,050.61, while the Nasdaq Composite declined 0.32% to close at 20,109.06 during Tuesday's session.
Investors are awaiting earnings results from General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>, )) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 51.8, the index was in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 54.4.
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: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter">Top 2 Utilities Stocks That Could Sink Your Portfolio This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

NVDA

TSLA

Dow Records Longest Losing Streak Since 1978, Nvidia Declines: Fear & Greed Index In 'Neutral' Zone

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) to report quarterly earnings at $1.22 per share on revenue of $5.14 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. General Mills shares fell 0.3% to $65.75 in after-hours trading.</li>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) posted better-than-expected results for its second quarter on Tuesday. Worthington shares jumped 14.3% to $43.66 in the after-hours trading session.</li>
<li>Analysts expect Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) to post quarterly earnings at $1.88 per share on revenue of $6.61 billion before the opening bell. Jabil shares gained 0.2% to $134.20 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) reported worse-than-expected fourth-quarter sales results and announced plans for a strategic restructuring of operations including divestiture of certain business segments. Applied DNA Sciences shares dipped 9.6% to $0.2079 in the after-hours trading session.</li>
<li>Analysts expect Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) to post quarterly earnings at $1.76 per share on revenue of $8.72 billion. The company will release earnings after the closing bell. Micron shares gained 0.8% to $109.48 in the after-hours trading session.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter"> </a>
<ul>
<li><a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter">Top 2 Utilities Stocks That Could Sink Your Portfolio This Quarter</a></li>
</ul>
Photo courtesy: Micron

APDN

General Mills, Micron Technology And 3 Stocks To Watch Heading Into Wednesday

Azul S.A., &nbsp;wholly-owned subsidiary Azul Secured Finance LLP (the "Issuer") has commenced offers to Eligible Holders (as defined below) to exchange (such offers, the "Exchange Offers") (i) any and all of the outstanding 11.500% Senior Secured Second Out Notes due 2029 issued by the Issuer (the "Existing 2029 Notes") for newly issued 11.500% Senior Secured Second Out Notes due 2029 to be issued by the Issuer (the "New 2029 Notes") and (ii) any and all of the outstanding 10.875% Senior Secured Second Out Notes due 2030 issued by the Issuer (the "Existing 2030 Notes" and, together with the Existing 2029 Notes, the "Existing Notes") for newly issued 10.875% Senior Secured Second Out Notes due 2030 to be issued by the Issuer (the "New 2030 Notes" and, together with the New 2029 Notes, the "New Notes"), pursuant to the terms and subject to the conditions set forth in the confidential exchange offering memorandum and consent solicitation statement, dated December 17, 2024 in respect of the Exchange Offers and Solicitations (as defined below) regarding the New Notes (the "Offering Memorandum") &nbsp;Azul Secured Finance LLP (the "Issuer") has commenced an offer to Eligible Holders (as defined below) to exchange (such offer, the "Exchange Offer") any and all of the outstanding 11.930% Senior Secured First Out Notes due 2028 issued by the Issuer (the "Existing Notes") for newly issued 11.930% Senior Secured First Out Notes due 2028 to be issued by the Issuer (the "New Notes"), pursuant to the terms and subject to the conditions set forth in the confidential exchange offering memorandum and consent solicitation statement, dated December 17, 2024 in respect of the Exchange Offer and Solicitation (as defined below) regarding the New Notes (the "Offering Memorandum").

AZUL

Reported Earlier, Azul Announces Comprehensive Debt Refinancing Plan With New Senior Secured Notes And Key Amendments To Existing Indenture

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) CEO Alex Karp welcomed praise from billionaire investor Stanley Druckenmiller during JPMorgan&#8217;s Asset Managers CEO Forum which took place from Friday to Sunday, as the data analytics company&#8217;s stock continues its remarkable ascent.
What Happened: Druckenmiller, chairman and CEO of Duquesne Family Office, endorsed Karp&#8217;s new book &#8220;The Technological Republic,&#8221; <a href="https://www.youtube.com/watch?v=08wadxp9FnQ">calling</a> it &#8220;one of the most important books I&#8217;ve ever read.&#8221; The endorsement comes as Palantir&#8217;s stock has surged nearly 350% year-to-date, significantly outperforming broader market indices.
The interaction followed recent characterizations of Palantir as a &#8220;cult stock&#8221; by CNBC&#8217;s Jim Cramer, who grouped it with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) as companies whose loyal investor bases help them <a href="https://www.benzinga.com/news/24/12/42524611/jim-cramer-highlights-cult-stocks-like-tesla-palantir-netflix-as-2025-investment-strategy">outperform traditional valuation metrics</a>.
"A cult where I get no sexual benefits by the way. Just to be clear. It's a rare cult with no sex and very little drugs and we're not poisoning anyone,&#8221; Karp said. 
Druckenmiller&#8217;s family office has recently increased its stake in Palantir, purchasing 769,965 shares in the first quarter of 2024 after <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41388306/stanley-druckenmiller-crypto-is-pricing-in-trump-as-election-favorite-but-does-bitcoins-su">previously exiting its position in 2023</a>. The investment comes as Palantir&#8217;s artificial intelligence platform, AIP, gains traction among customers.
See Also: <a href="https://www.benzinga.com/24/12/42545204/marjorie-taylor-greene-pushes-to-sell-off-usps-amid-doge-momentum-we-need-to-privatize-ive-been-saying-it-for-years">Marjorie Taylor Greene Pushes To Sell Off USPS Amid DOGE Momentum: &#8216;We Need To Privatize&#8230;I&#8217;ve Been Saying It For Years&#8217;</a>
Why It Matters: Karp also said that Peter Thiel, Palantir&#8217;s co-founder, chose him as CEO because of his talent for recognizing and nurturing exceptional people. Thiel &#8220;is an artist in picking talent,&#8221; Karp said
The company&#8217;s market capitalization has now surpassed $169 billion, exceeding traditional defense contractor Lockheed Martin Corp. Wedbush Securities analyst Dan Ives remains bullish on Palantir, dubbing it the &#8220;Messi of AI&#8221; and predicting 2025 will be a <a href="https://www.benzinga.com/markets/equities/24/12/42522531/tesla-will-be-the-biggest-winner-in-the-trump-era-says-dan-ives-predicts-nasdaq-at-25000-in-18-months-get-the-popcorn-out">breakout year for the company&#8217;s AI platform</a>.
The stock&#8217;s surge comes despite recent insider sales, with CFO David Glazer and CTO Shyam Sankar selling $23 million and $367.9 million worth of shares respectively in December. Karp himself sold $132.8 million in shares last month, though these transactions represent <a href="https://www.benzinga.com/24/12/42538479/palantir-stock-rockets-350-ytd-but-insiders-cash-out-should-you-follow-suit">small portions of their overall holdings</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/12/42545757/ross-gerber-sees-earnings-to-beat-expectations-but-warns-investors-on-slower-pace-of-federal-reserve-rate-cuts-in-2025">Ross Gerber Asks Investors To Moderate Expectations On Fed Front In 2025: &#8216;Don&#8217;t Expect Much Lower Rates&#8217;</a></li>
</ul>
Palantir CEO Alex Karp. Photo by WEF on Flickr
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NFLX

PLTR

Palantir's Alex Karp Embraces 'Cult' Status, Complains About The Missing Perks As Stock Soars 350%

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Trade Balance For November -117.6B Vs. -688.9B Est.; -462.1B Prior

Reported Earlier, Japan Exports (YoY) For November 3.8% Vs. 2.8% Est.; 3.1% Prior

Reported Earlier, Japan Adjusted Trade Balance -0.38T Vs. -0.45T Est.; -0.23T (Revised) Prior

Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) became one of the biggest cryptocurrency gainers Tuesday, outpacing coins with significantly higher market capitalization.&nbsp;
What happened: The proof-of-work cryptocurrency lifted over 5% in the last 24 hours to a market capitalization of $9.23 billion. The coin's trading volume surged 90% to $1.89 billion.
LTC's rally overshadowed heavyweights like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which fell 2.54% and 4.63%, respectively, in the last 24 hours.
The positive momentum was imparted following Bloomberg ETF analyst Eric Balchunas' remarks that spot exchange-traded funds tied to LTC <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42537836/litecoin-hbar-etfs-could-come-before-xrp-solana-heres-why">could get approval ahead</a> of Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>).
Balchunas noted that as Litecoin is a hard fork of Bitcoin, it may avoid regulatory scrutiny since it is generally viewed as a commodity.
As of this writing, LTC has one <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41349672/coin-that-underpins-dogecoin-becomes-markets-biggest-gainer-litecoin-pops-7-after-filing-o">S-1 filing</a>, that was submitted by cryptocurrency-focused investment firm Canary Capital in October.
See Also:<a href="https://www.benzinga.com/24/12/42519107/if-you-invested-1000-in-bitcoin-when-the-first-bitcoin-etf-was-filed-heres-how-much-youd-have-today"> If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here&#8217;s How Much You&#8217;d Have Today</a>
Why It Matters: After lagging behind much of the market in 2024, Litecoin got a fresh lease of life due to the broader rally spurred by Donald Trump's presidential victory last month.&nbsp;
The coin has jumped 31% in the last month, exceeding the returns from Bitcoin and Ethereum.
Social mentions of the coin have significantly risen, according to social intelligence platform LunarCrush, potentially indicating growing retail interest.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f52d;Zooming out, we see that <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a> continues to gain momentum with social mentions accelerating dramatically this year, hitting the highest point ever on November 15ᵗʰ. <a href="https://t.co/UNPzIPKgJW">pic.twitter.com/UNPzIPKgJW</a>
&mdash; LunarCrush Social Intelligence (@LunarCrush) <a href="https://twitter.com/LunarCrush/status/1869227334433480857?ref_src=twsrc%5Etfw">December 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Additionally, the coin's Open Interest surged 17% in the last 24 hours, and over 48% over the previous month, implying a surge in bets on future price movements.
Around 72% of traders on Binance were levered long on LTC as of this writing, according to the Long/Short Ratio.
Price Action:  At the time of writing, Litecoin was exchanging hands at $122.03, up 4.70% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo by DIAMOND VISUALS on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/personal-finance/financial-advisors/24/12/42517262/most-crypto-foward-ria-slams-bitcoin-forecasts-from-michael-saylor-others-disvalues-it-to-me">&#8216;Most Crypto-Foward&#8217; RIA Slams Bitcoin Forecasts From Michael Saylor, Others: &#8216;Disvalues It To Me&#8217;</a></li>
</ul>

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

Cryptocurrency

$BTC

$ETH

$LTC

$SOL

$XRP

This Bitcoin Fork Is Defying Declines In Top Two Cryptos With A 5% Rally Thanks To Strong ETF Hopes In 2025

New leaks have emerged, offering a glimpse into the design of the upcoming Samsung Electronics Co.'s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) Galaxy S25 Ultra and S25+.
What Happened: Images shared by Evan Blass on a private X, formerly Twitter, account showcase the Galaxy S25 Ultra&#8217;s sleek curved corners and notably thin display bezels, <a href="https://9to5google.com/2024/12/17/samsung-galaxy-s25-ultra-bezels-corners-leak/">reported</a> 9To5Google.
The device is depicted running One UI 7, although further details remain scarce from the images alone.
The Galaxy S25 Ultra&#8217;s bezels are reportedly <a href="https://www.benzinga.com/news/24/06/39129016/iphone-16-destined-to-have-the-worlds-thinest-bezels-new-leak-reveals-it-could-outshine-current-reco">thinner than those</a> on Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone 16 Pro Max.
See Also: <a href="https://www.benzinga.com/tech/24/12/42499609/micron-gets-investment-from-white-house-china-launches-antitrust-investigation-on-nvidia-apple-faces-1-2-billion-lawsuit-in-california-more-consumer-tech-news-december-9-13?itm_source=parsely-api">Micron Gets Investment From White House, China Launches Antitrust Investigation On Nvidia, Apple Faces $1</a>
The Galaxy S25+ images, posted by the handle Jukanlosreve, suggest minimal changes in hardware design compared to its predecessor.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17231225/Screenshot-2024-12-18-at-9.42.12%E2%80%AFAM-1024x820.png" alt="" class="wp-image-696953" /><figcaption class="wp-element-caption">Source: X</figcaption></figure>
The device features a prominent mmWave window and a slightly modified camera module, maintaining a similar overall appearance to the previous model.
These leaks suggest a significant design shift, featuring curved corners and slimmer bezels, moving away from the previous squared-off aesthetic.
The Galaxy S25 series is anticipated to launch on Jan. 22 next year.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Counterpoint Research stated in May that Samsung&#8217;s Galaxy S24 series dominated the GenAI-capable smartphone market in the first quarter of 2024.
The South Korean smartphone manufacturer <a href="https://www.benzinga.com/markets/asia/24/10/41645191/samsung-profits-soar-but-companys-nvidia-ai-chip-race-lag-allows-sk-hynix-micron-to-take-the-lead-in">reported a net income of 9.78 trillion won</a> ($7.1 billion) for the quarter ending in September.
By the third quarter of 2024, Samsung Electronics&#8217; Mobile Experience (MX) division generated roughly $21.6 billion, according to Statista, making it the largest revenue contributor.
However, Samsung is facing <a href="https://www.benzinga.com/news/24/09/40812318/samsung-to-reportedly-slash-global-workforce-by-up-to-30-in-certain-divisions-amid-intense-competiti">intense competition</a> from both Apple and China&#8217;s Huawei Technologies.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42499566/google-willow-nvidias-china-troubles-trump-on-ai-and-more-this-week-in-artificial-intelligence?itm_source=parsely-api">Google Willow, Nvidia&#8217;s China Troubles, Trump On AI, And More: This Week In Artificial Intelligence</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Media

SSNLF

Samsung Galaxy S25 Ultra And S25+ Leaks Feature Sleek Curved Design And Slimmer Bezels Than Apple's iPhone 16 Pro Max

Billionaire investor and television personality Mark Cuban on Monday lent support to &#8216;Hawk Tuah&#8217; girl Haliey Welch in the recent meme coin fiasco, stating that she ended up in an unfortunate situation.
What Happened: During a podcast with content creator Jules Terpak, Cuban empathized with Welch and said he doesn&#8217;t blame her for the controversy. 
&#8220;It was obvious; it wasn&#8217;t, you know, intrinsic to her. It wasn&#8217;t something she fully understood, but she trusted the people around her,&#8221; the &#8220;Shark&#8221; said. &#8220;I&#8217;m not mad at Haliey at all. I feel bad for her that she got put in this position.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="The evolution of the tech industry (ft. Mark Cuban)" width="500" height="281" src="https://www.youtube.com/embed/oEK2063FPLw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42538636/pudgy-penguin-token-launches-at-2-billion-valuation-could-land-between-shiba-inu-and-dogecoin-trader-says">Pudgy Penguin Token Launches At $2 Billion Valuation, Could Land &#8216;Between Shiba Inu And Dogecoin,&#8217; Trader Says</a>
Cuban added that mistakes happen when people move forward on things and they learn from them. &#8220;She&#8217;ll be fine and you know what&#8217;s done is done.&#8221;
On a personal level, Cuban made it clear that he is&nbsp;not a fan of meme&nbsp;coins, describing them as a &#8220;game of musical chairs with&nbsp;money.&#8221;
&#8220;It&#8217;s just hustle. There&#8217;s no there there, and so it&#8217;s like a game of musical chairs with money and some people will make money and some people won&#8217;t.&#8221;
Why It Matters: Welch recently launched a Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based meme coin HAWK, that quickly gained a market valuation of almost $425 million before plummeting to $30 million in a jiffy. This <a href="https://www.benzinga.com/general/entertainment/24/12/42333397/hawk-tuah-girl-accused-of-scamming-crypto-buyers-after-newly-launched-meme-coin-pumps-and-dumps-victims-contemplate-legal-action">rapid pump and dump </a>led to accusations of insider trading against Welch, with many victims contemplating legal action. Welch denied wrongdoings on her part, stating that no free tokens were given to anyone.
Shytoshi Kusama, the pseudonymous lead of the Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) ecosystem, also <a href="https://www.benzinga.com/24/12/42357945/shiba-inus-shytoshi-kusama-denies-links-with-hawk-tuah-girls-pump-and-dump-memecoin-advises-community-to-stay-away-from-the-terrible-launch">distanced themselves from the controversial meme coin</a>. Kusama revealed that they were approached by Welch's team to promote the coin but declined the offer.
 Welch went viral earlier this year for her quirky catchphrase "Hawk Tuah" during a street interview. The video was posted online and made waves on social media, giving Welch the nickname "Hawk Tuah Girl."
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499950/crypto-analyst-shiba-inu-price-set-for-massive-surge-could-go-up-sixfold?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;</a><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42538067/bitcoin-president-nayib-bukele-sends-greetings-to-french-member-of-eu-parliament-calling-for-a-european-bitcoin-reserve">Bitcoin President&#8217; Nayib Bukele Sends &#8216;Greetings&#8217; To French Member Of EU Parliament Calling For A European Bitcoin Reserve</a></li>
</ul>
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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Entertainment

$SHIB

Mark Cuban Expresses Sympathy For 'Hawk Tuah' Girl Amid Meme Coin Controversy: 'Wasn't Something She Fully Understood'

Investors anticipating aggressive Federal Reserve rate cuts in 2025 might need to temper their expectations, according to a prominent investment manager, even as markets price in a <a href="https://www.benzinga.com/24/12/42538011/stocks-slip-ahead-of-fed-meeting-chipmakers-suffer-from-chinas-threat-bitcoin-breaks-past-107000-whats-driving-markets-tuesday">near-certain rate cut this week</a>.
What Happened: Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a prominent Tesla Inc. investor, cautioned on Tuesday that while rate cuts are coming, the pace might be slower than many expect. &#8220;The Fed will lower but don&#8217;t assume many rate cuts in 2025. The economy has reaccelerated and inflation will hold in the 3% range,&#8221; Gerber wrote on X.
The CME FedWatch Tool currently shows a 95.4% probability of a 25-basis-point rate cut at Wednesday&#8217;s Federal Reserve meeting, marking the central bank&#8217;s <a href="https://www.benzinga.com/news/24/12/42528810/93-experts-anticipate-a-fed-rate-cut-yet-not-everyone-agrees-its-the-right-decision-president-elect-trump-is-offering-us-a-mix-of-inflationary-and-disinflationary-policies">third consecutive reduction</a> following cuts of 50 basis points in September and by 25 in November.
<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">The Fed will lower but don't assume many rate cuts in 2025. The economy has reaccelerated and inflation will hold in the 3% range. But this is good news as earnings will be way better than expected. Just don't expect much lower rates.
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1869074752025051201?ref_src=twsrc%5Etfw">December 17, 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/economics/macro-economic-events/24/12/42539116/fed-meetings-made-stock-traders-richer-in-2024-could-wednesday-bring-last-big-rally">Fed Meetings Made Stock Traders Richer In 2024: Could Wednesday Bring Last Big Rally?</a>
Why It Matters: Recent economic data supports a more measured approach to rate cuts. November retail sales exceeded expectations, rising 0.7% month-over-month and 3.8% annually, marking the fastest pace since December 2023. This economic resilience, coupled with persistent inflation concerns, could influence the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42539116/fed-meetings-made-stock-traders-richer-in-2024-could-wednesday-bring-last-big-rally">Fed&#8217;s decision-making process</a>.
Despite the potentially slower pace of rate cuts, Gerber sees a silver lining for investors. &#8220;This is good news as earnings will be way better than expected. Just don&#8217;t expect much lower rates,&#8221; he noted.
According to a Bloomberg survey, Fed policymakers are expected to project three interest rate cuts for 2024, with the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42489039/feds-december-meeting-could-crush-rate-cut-optimism-for-2025">federal funds rate</a> potentially reaching 3.5%-3.75% by December 2025. 
The focus now shifts to the Fed&#8217;s updated Summary of Economic Projections and Chair Jerome Powell&#8216;s press conference, which could provide crucial signals about the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">monetary policy trajectory for 2025</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42545536/jim-cramer-signals-potential-bottom-for-nvidia-at-127-after-predicting-vicious-reversal-earlier">Jim Cramer Signals Potential Bottom For Nvidia At $127 After Predicting &#8216;Vicious&#8217; Reversal Earlier</a></li>
</ul>
Federal Reserve illustration created using artificial intelligence via MidJourney.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Federal Reserve

Ross Gerber Asks Investors To Moderate Expectations On Fed Front In 2025: 'Don't Expect Much Lower Rates'

Financial market commentator&nbsp;Peter Schiff&nbsp;on Tuesday criticized Michael Saylor&#8217;s comparison of MicroStrategy Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) debt-financed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) buying strategy to Manhattan real estate.
What Happened: In an X post, Schiff disagreed with Saylor&#8217;s analogy. &#8220;Real estate generates rents, which can be used to service and repay debt. Bitcoin doesn&#8217;t generate any income to make interest or principal payments,&#8221; he argued.
<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">It&#39;s wrong for <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> to compare his leveraged buying of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> to investors borrowing money to purchase Manhattan real estate. Real estate generates rents, which can be used to service and repay debt. Bitcoin doesn&#39;t generate any income to make interest or principal payments.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1869116244714262623?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Spencer Hakimian, founder of hedge fund Tolou Capital Management, countered Schiff&#8217;s viewpoint, stating that, unlike the Manhattan real estate industry, Bitcoin doesn&#8217;t have any expenses or maintenance.
Schiff responded that rents from real estate exceed the expenses.
The city&#8217;s rental market contradicts national trends, with the top 50 markets experiencing 15 consecutive months of rent decreases. In October 2024, New York&#8217;s <a href="https://www.benzinga.com/real-estate/24/12/42256888/as-nyc-rents-hit-new-highs-85-of-residents-look-to-buy-elsewhere-heres-what-they-find">median asking rent</a> increased 1.7% year-on-year to $3,374, representing a 13.1% increase from pre-pandemic values. Manhattan&#8217;s median monthly rent stood at $4,750 as of this writing, according to Realtor.com.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42544639/moonpay-partners-with-element-wallet-to-boost-core-token-access-in-btcfi-ecosystem">MoonPay Partners With Element Wallet To Boost Core Token Access In BTCfi Ecosystem</a>
Why It Matters: This criticism comes after Saylor defended MicroStrategy&#8217;s Bitcoin acquisition strategy by equating it to Manhattan&#8217;s real estate industry. He said that <a href="https://www.benzinga.com/24/12/42524546/michael-saylor-counters-critics-who-label-microstrategys-bitcoin-play-ponzi-scheme-calls-it-similar-to-manhattans-real-estate-developers-using-debt-to-build-more-skyscrapers">just like developers in Manhattan issue more debt </a>to develop more real estate when its value goes up, MicroStrategy capitalizes on high returns from Bitcoin to buy more Bitcoin.
Schiff&#8217;s critique adds to the ongoing debate around MicroStrategy&#8217;s Bitcoin strategy. Earlier, he <a href="https://www.benzinga.com/24/11/42237876/peter-schiff-predicts-microstrategys-bankruptcy-due-to-bitcoin-investment-strategy">warned that the</a> company's commitment to repay a large sum of money to convertible note holders could be a potential risk if the price of Bitcoin falls sharply.
Well-known cryptocurrency analyst Willy Woo also <a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">flagged the risk </a>associated with the firm&#8217;s convertible debt offerings, stating that if buyers do not convert to shares&nbsp;before maturity, MicroStrategy would be forced to sell Bitcoin to repay them.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $105,351.94, down 0.86% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. 
Shares of MicroStrategy closed 5.41% lower at $ 386.42 during Tuesday&#8217;s regular session. The stock has a <a href="https://www.benzinga.com/quote/MSTR">consensus price target </a>of $449.5 based on the ratings of 12 analysts, with an average price target of $546.67 between Bernstein, TD Cowen, and Barclays.
Image via Flickr/ Gage Skidmore
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42538636/pudgy-penguin-token-launches-at-2-billion-valuation-could-land-between-shiba-inu-and-dogecoin-trader-says">Pudgy Penguin Token Launches At $2 Billion Valuation, Could Land &#8216;Between Shiba Inu And Dogecoin,&#8217; Trader Says</a></li>
</ul>

MSTR

Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy's Micheal Saylor: 'BTC Doesn't Generate Any Income'

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>). The investment firm reduced its holdings in both companies.
The Coinbase Trade
Ark Invest sold 5,646 shares of Coinbase Global Inc. through its Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) on Tuesday. With Coinbase&#8217;s stock closing at $311.64, the transaction was valued at approximately $1.8 million. This move follows a challenging period for Coinbase, as highlighted in their <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41637702/coinbase-q3-earnings-highlights-revenue-miss-eps-miss-transaction-revenue-falls-from-q2">third-quarter earnings report</a>, which revealed a revenue miss and declining transaction revenue. The company&#8217;s financials have been under pressure, impacting investor sentiment.
Coinbase&#8217;s recent performance has been scrutinized, with the company reporting third-quarter revenue of $1.21 billion, falling short of the $1.26 billion consensus estimate. However, the sale of Coinbase shares comes at a time when the apex cryptocurrency, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has been <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42545419/bitcoin-ethereum-dogecoin-stay-muted-before-feds-interest-rate-decision-analyst-says-btc-in-parabolic-phase-reveals-its-duration">hitting new all-time highs</a> consistently. The leading cryptocurrency earlier hit a fresh all-time high of $108,000 in early trading hours before witnessing a sharp decline.
The Shopify Trade
Ark Invest also reduced its stake in Shopify Inc. by selling 31,078 shares through the ARKF ETF. With Shopify&#8217;s stock closing at $119.49, the sale amounted to approximately $3.7 million. Shopify has been on a growth trajectory, as evidenced by its <a href="https://www.benzinga.com/news/earnings/24/11/41901788/shopify-q3-earnings-ninth-consecutive-quarter-of-revenue-beat-gmv-up-24-positive-outlook-and-more">third-quarter earnings</a>, which marked its ninth consecutive quarter of revenue beats.
The e-commerce giant reported a 26% year-over-year revenue growth to $2.16 billion, surpassing analyst expectations. Notably, Ark Invest has been seen <a href="https://www.benzinga.com/24/11/42227834/cathie-wood-buys-amazon-amd-stock-trims-palantir-block-holdings-amid-ai-and-bitcoin-euphoria">shopping for shares</a> of Shopify&#8217;s larger rival Amazon.com, Inc (AMZN) recently.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499950/crypto-analyst-shiba-inu-price-set-for-massive-surge-could-go-up-sixfold?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Analyst: Shiba Inu Price Set For Massive Surge, Could Go Up Sixfold</a>
Other Key Trades:
<ul>
<li>Futu Holdings Ltd: Ark Invest bought shares through ARK Innovation ETF (ARKK).</li>
<li>Tempus AI Inc: Acquired shares via ARKG and through ARKK.</li>
<li>Adaptive Biotechnologies Corp: Sold shares from ARK Genomic Revolution ETF (ARKG).</li>
<li>Pacific Biosciences of California Inc: Purchased shares through ARKG and ARKK.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42522048/jim-cramer-warns-nvidias-vicious-and-fast-reversal-is-coming-amid-174-surge-this-year-and-china-antitrust-probe?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Warns Nvidia&#8217;s &#8216;Vicious&#8217; And &#8216;Fast&#8217; Reversal Is Coming Amid 174% Surge This Year And China Antitrust Probe</a></li>
</ul>
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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKF

COIN

SHOP

Cathie Wood's Ark Dumps Coinbase Stock Amid Bitcoin Highs, Shopify Holdings Also Cut

Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) has been leveraging AI to speed up recipe development and improve flavor profiles.
What Happened: The AI tool, created in collaboration with software consulting firm Fourkind, now part of Thoughtworks, has been operational since 2019, <a href="https://www.wsj.com/articles/oreo-owner-mondelez-taps-ai-to-tweak-its-classic-snacks-6fa4c4cd?mod=tech_lead_pos4">reported</a> the Wall Street Journal.
It aids Mondelez&#8217;s R&amp;D team by generating recipes based on desired traits like flavor, aroma, and appearance. The tool also evaluates ingredient costs, environmental impact, and nutritional value.
The AI leverages this data to propose new formulations—a process that once relied on trial and error. Mondelez reports that AI-driven development although subjected to human taste-testing, has accelerated product testing and production trials by four to five times.
See Also: <a href="https://www.benzinga.com/news/global/24/12/42499566/google-willow-nvidias-china-troubles-trump-on-ai-and-more-this-week-in-artificial-intelligence?itm_source=parsely-api">Google Willow, Nvidia&#8217;s China Troubles, Trump On AI, And More: This Week In Artificial Intelligence</a>
"The point is we get there faster," stated Kevin Wallenstein, section manager at Mondelez. "The consumer wants the product to taste like X. We're not stopping iterating until it tastes like X … we're doing things more efficiently."&nbsp;
The tool has been used in over 70 projects, resulting in new products such as the Gluten-Free Golden Oreo and revamped classic recipes.
In addition to Oreos and Chips Ahoy, Mondelez produces popular snacks like Ritz crackers, Cadbury chocolates, Clif bars, Triscuits, Tate's cookies, and Toblerone. 
According to the report, Mondelez carefully limits how far its AI can push innovation. Earlier, less-refined versions of the tool, lacking sufficient data, made odd suggestions.
"Because [baking soda is] a very low-cost ingredient, it would try to just make cookies that were very high in baking soda, which doesn't taste good at all," said Wallenstein. This is why a brand steward plays an important role is to uphold each snack&#8217;s core identity.
Modelez did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The integration of AI in food production is not without its challenges. For instance, Instacart&#8217;s AI recipes in January this year went viral for their unusual and often unappetizing results.
Moreover, Mondelez is not just using AI for product development. The company is also <a href="https://www.benzinga.com/24/12/42307366/googles-veo-video-generator-arrives-on-cloud-how-quora-and-mondelez-are-using-ai-for-creative-content">leveraging AI for marketing</a> via Google&#8217;s Veo video generator.
Earlier this month, the Oreo-maker <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42483141/hershey-merger-talks-fail">also explored a merger</a> with The Hershey Co., but the latter remains a tough acquisition target.
Mondelez's organic sales increased by 5.4% in the latest quarter, accompanied by an 11.2% rise in adjusted gross profit dollars.
Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Mondelez shares declined by 0.24% to $61.34 on Tuesday, with an additional 0.42% drop in after-hours trading. Year-to-date, Mondelez has fallen by 16.93%.
Photo Courtesy: Achmad Agus Ilyas via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42525551/ahead-of-trumps-return-to-white-house-us-approves-406m-grant-for-taiwans-chipmaker-globalwafers?itm_source=parsely-api">Ahead Of Trump&#8217;s Return To White House, US Approves $406M Grant For Taiwan&#8217;s Chipmaker GlobalWafers</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

MDLZ

Oreo Maker Uses AI To Come Up With Flavor Perfection: Mondelez Says, 'Not Stopping Iterating Until It Tastes Like X'

CNBC&#8217;s Jim Cramer suggested on Tuesday that NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) may have reached a key turning point after the stock touched $127, potentially signaling a bottom for the semiconductor giant&#8217;s recent pullback.
What Happened: &#8220;We may have hit a possible crescendo for Nvidia&#8217;s stock when it hit the $127 mark. Could be a moment where everyone who wanted to sell did so,&#8221; Cramer wrote on X, formerly Twitter. This marks a shift from his Monday warning when he predicted a &#8220;vicious&#8221; and &#8220;fast&#8221; <a href="https://www.benzinga.com/markets/equities/24/12/42522048/jim-cramer-warns-nvidias-vicious-and-fast-reversal-is-coming-amid-174-surge-this-year-and-china-antitrust-probe">reversal for the chipmaker</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We may have hit a possible crescendo for Nvidia&#39;s stock when it hit the $127 mark. Could be a moment where everyone who wanted to sell did so. Never know but it did seem do or die
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1869076573267370049?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Nvidia shares closed Tuesday at $130.39, down 1.22%, before gaining 0.53% in after-hours trading. Despite recent volatility, the stock has maintained an impressive 170.69% gain year-to-date, largely fueled by artificial intelligence demand.
See Also: <a href="https://www.benzinga.com/markets/asia/24/12/42545185/nissan-soar-over-20-on-merger-talks-with-honda-eyeing-8-million-annual-vehicle-sales">Nissan Stock Soar Over 20% On Merger Talks With Honda, Mitsubishi Spikes</a>
Why It Matters: The company&#8217;s fundamental strength remains evident in its recent financial performance, with third-quarter revenue surging 94% year-over-year to $35.1 billion. Nvidia&#8217;s market capitalization stands at $3.21 trillion, with a price-to-earnings ratio of 53.
Wall Street maintains an optimistic outlook, with 40 analysts setting an average price target of $170.56. Rosenblatt Securities leads with the most bullish target of $220, while New Street Research sets a more conservative target of $120, according to <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">Benzinga Pro data</a>.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17211645/Screenshot-2024-12-18-at-7.46.05%E2%80%AFAM-1024x368.png" alt="" class="wp-image-696862" style="width:764px;height:auto" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42545419/bitcoin-ethereum-dogecoin-stay-muted-before-feds-interest-rate-decision-analyst-says-btc-in-parabolic-phase-reveals-its-duration">Bitcoin, Ethereum, Dogecoin Stay Muted Before Fed&#8217;s Interest Rate Decision: Analyst Says BTC In Parabolic Phase, Reveals Its Duration</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jim Cramer Signals Potential Bottom For Nvidia At $127 After Predicting 'Vicious' Reversal Earlier

Wall Street experienced a downturn on Tuesday as major indices fell following a strong retail sales report for November. The data raised concerns about the Federal Reserve&#8217;s potential delay in cutting interest rates next year. The S&amp;P 500 and Dow Jones Industrial Average dropped by 0.4% and 0.6% respectively, while the Nasdaq 100 declined by 0.3%, with semiconductor stocks leading the losses amid geopolitical tensions.
These are the top stocks that gained the attention of retail traders and investors through the day:
Nukkleus Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>)
Nukkleus Inc. saw a significant surge of 754.68%, closing at $11.88. The stock reached an intraday high of $17.66 and a low of $1.84, with a 52-week range of $34.16 to $0.40. This dramatic rise followed the company&#8217;s announcement of acquiring a 51% controlling stake in Star 26 Capital Inc., which holds a substantial share in RIMON, an Israeli supplier for the Iron Dome missile defense system. This acquisition <a href="https://www.benzinga.com/24/12/42535878/why-nukkleus-stock-is-gaining-tuesday">boosts</a> Nukkleus&#8217;s defense ambitions.
Micron Technology Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)
Micron Technology Inc. experienced a modest increase of 0.31%, closing at $108.60. The stock fluctuated between a high of $110.49 and a low of $107.68, with a 52-week range of $157.54 to $78.63. The company is set to release its first-quarter financial results, with analysts <a href="https://www.benzinga.com/24/12/42541544/micron-q1-earnings-preview-analyst-estimates-why-company-is-well-positioned-heading-into-2025">expecting revenue</a> to reach $8.72 billion, a significant increase from the previous year. Micron has consistently outperformed revenue estimates in recent quarters.
Teva Pharmaceutical Industries Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>)
Teva Pharmaceutical Industries Ltd. saw its stock rise by 26.47%, closing at $20.88. The stock hit an intraday high of $21.05 and a low of $19.03, with a 52-week high of $21.05 and a low of $10. The increase followed the successful completion of a Phase 2b study for a monoclonal antibody targeting inflammatory bowel disease, achieving&nbsp;<a href="https://www.benzinga.com/24/12/42531132/why-are-teva-and-sanofi-stocks-trading-higher-on-tuesday">positive</a>&nbsp;results in clinical remission rates.
Quantum Computing Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>)
Quantum Computing Inc. shares jumped by 51.53%, closing at $16.79. The stock&#8217;s intraday range was $18.06 to $12.60, with a 52-week high of $18.06 and a low of $0.35. The rise came after the company announced a <a href="https://www.benzinga.com/24/12/42533581/quantum-computing-stock-is-rising-tuesday-heres-why">prime contract</a> with NASA for imaging and data processing support, utilizing its Dirac-3 machine to enhance data quality and accuracy.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla Inc. saw a 3.64% increase, closing at $479.86. The stock reached an intraday high of $483.99 and a low of $457.51, with a 52-week range of $483.99 to $138.8. Analyst Dan Ives predicts that Tesla will be a <a href="https://www.benzinga.com/markets/equities/24/12/42522531/tesla-will-be-the-biggest-winner-in-the-trump-era-says-dan-ives-predicts-nasdaq-at-25000-in-18-months-get-the-popcorn-out">major beneficiary</a> in the tech sector expansion anticipated under President-elect Donald Trump&#8217;s administration, driven by artificial intelligence and deregulation.
Image Via Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/12/42485284/billionaire-warren-buffett-paid-120000-for-a-home-but-took-out-a-mortgage-to-do-it-investing-that-money-instead-made-him-2-billion?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Warren Buffett Paid $120,000 For A Home But Took Out A Mortgage To Do It – Investing That Money Instead Made Him $2 Billion</a></li>
</ul>
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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

NUKK

QUBT

TEVA

Nukkleus, Micron, Teva Pharmaceutical, Quantum Computing, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Leading cryptocurrencies stayed muted on Tuesday ahead of the Federal Reserve's last policy decision of 2024.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.18%</td>
<td>$105,942.00</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-2.29%</td>
<td>$3,873.95</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.68%</td>
<td>$0.3916</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin made a new all-time high of $108,000 in early trading hours before falling sharply to $105,000 shortly thereafter. Volatility persisted throughout the day, with the leading coin bouncing around and below $107,000.
Ethereum's decline was steeper, as it dropped below $4,000 to a low of $3,800.
The total cryptocurrency liquidations surpassed $316 million in the last 24 hours, with long liquidations accounting for an overwhelming share.
Bitcoin's Open Interest rose despite the price weakness, suggesting the opening of new short positions. Nearly 60% of Binance futures traders were betting against Bitcoin, according to the Long/Short Ratio.
Market sentiment remained in the "Extreme Greed" region, per the Cryptocurrency Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Pudgy Penguins (PENGU)</td>
<td>+487.34%</td>
<td>$0.02936</td>
</tr>
<tr>
<td>Bitget Token (BGB)</td>
<td>+12.58%</td>
<td>$3.90</td>
</tr>
<tr>
<td>Cronos (CRO)</td>
<td>+11.16%</td>
<td>$0.1941</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.78 trillion, following an increase of 2.43% over the last 24 hours.
Major stock indexes closed in the red on Tuesday. The Dow Jones Industrial Average fell for the ninth consecutive day, dropping 267.58 points, or 0.61%, to close at 43,449.90. The S&amp;P 500 lost 0.39%, ending at 6,050.61, while the tech-heavy Nasdaq Composite reversed from its record highs, falling 0.32% to 20,109.06.
Investors are now preparing for the final monetary policy decision on Wednesday. The Fed is widely expected to enact a 0.25% cut, with traders pricing in a 97% possibility of such a scenario, as per the <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch</a> tool.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst Rekt Capital said that this was only the start of Bitcoin's parabolic phase, drawing parallels with historical price action.
"Historically, this phase has lasted on average ~300 days Bitcoin is only on day 41 of its parabolic phase," the analyst stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> has only just begun its Parabolic Phase in the cycle Historically, this phase has lasted on average ~300 days Bitcoin is only on Day 41 of its Parabolic Phase<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1869042931518374304?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cryptocurrency influencer Quinten Francois said that the Bitcoin cycle was being pushed by institutional investors and not retail.
"BTC is knocking at its ATH while there is no hype or euphoria. Why? Retail is in alts,&#8221; Francois added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is knocking at its ATH while there is no hype or euphoria Why? Retail is in alts This <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> cycle isn't pushed by retail It's the institutional cycle
&mdash; Quinten &#x7C; 048.eth (@QuintenFrancois) <a href="https://twitter.com/QuintenFrancois/status/1868920066097697080?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Data fetched from Google Trends also <a href="https://trends.google.com/trends/explore?geo=US&amp;q=bitcoin&amp;hl=en">showed </a>that search interest for Bitcoin has dwindled sharply from its peak just after Donald Trump's win last month.
Photo by Avi Rozen on Shutterstock
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42535718/raoul-pal-predicts-violent-upside-for-bitcoin-targets-250000">Raoul Pal Predicts &#8216;Violent Upside&#8217; For Bitcoin, Targets $250,000</a></li>
</ul>

$DOGE

Bitcoin, Ethereum, Dogecoin Stay Muted Before Fed's Interest Rate Decision: Analyst Says BTC In Parabolic Phase, Reveals Its Duration

Rep. Marjorie Taylor Greene (R-Ga.) voiced her support for the privatization of the United States Postal Service, amidst its financial woes on Tuesday.
What Happened: In a recent post on X, Greene expressed her long-held belief in the need for privatizing the USPS. She emphasized that her newly formed committee, along with the support of Elon Musk and Vivek Ramaswamy&#8211;<a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">headed</a> Department of Government Efficiency, is gaining momentum in pushing for this change.
<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">We need to privatize <a href="https://twitter.com/USPS?ref_src=twsrc%5Etfw">@USPS</a>—I've been saying it for years!<a href="https://twitter.com/DOGE?ref_src=twsrc%5Etfw">@DOGE</a> and my new committee have a lot of momentum heading into next year. The American people gave President Trump a mandate, but they gave all of us in Washington a mandate, too. Selling the Postal Service is a smart… <a href="https://t.co/WqEKXddlFH">pic.twitter.com/WqEKXddlFH</a>
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1869110704998846596?ref_src=twsrc%5Etfw">December 17, 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/tech/24/12/42500224/elon-musks-mother-opens-up-about-his-friendship-with-barron-trump-bonded-over-out-of-this-world-exploration?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Mother Opens Up About His Friendship With Barron Trump: &#8216;Bonded Over Out-Of-This-World Exploration&#8217;</a>
She stated, &#8220;Selling the Postal Service is a smart decision that keeps our promise to the American people to cut waste, fraud, and abuse.&#8221; 
She also mentioned that the American people have given a mandate to President-elect Donald Trump and all of Washington, implying a collective responsibility to address the USPS&#8217;s financial struggles. 
Notably, Greene chairs the Delivering on Government Efficiency subcommittee in the next Congress. She has previously said that the goal of DOGE is to &#8220;bring accountability and GUT useless government agencies.&#8221;
Why It Matters: The USPS has been <a href="https://www.benzinga.com/news/24/12/42496990/trump-eyes-privatization-of-postal-service-amid-9-5-billion-loss">grappling with financial difficulties</a>, reporting a massive $9.5 billion loss in the fiscal year ending September 30. The agency&#8217;s liabilities have soared to nearly $80 billion, primarily due to declining mail volumes and slower-than-expected growth in parcel shipping.
Trump is reportedly considering the privatization of the USPS as a potential solution to these financial challenges. The move towards privatization is seen as a means to overhaul the agency and address its mounting liabilities.
Privatizing the USPS can potentially reshape consumer shipping, favoring profitable routes while leaving rural areas underserved. FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), already dominate the parcel market and might increase their influence, potentially impacting millions relying on affordable mail services.
For privatization to occur, approval would be needed from the USPS Board of Governors, consisting of 11 members led by Postmaster General Louis DeJoy, CNBC <a href="https://www.nbcnews.com/politics/politics-news/trump-biden-signal-emerging-fight-future-postal-service-rcna184451">reported</a>.
Meanwhile, President Joe Biden announced his intention to renominate former general counsel for the American Postal Workers Union, Anton Hajjar, to the Postal Service Board of Governors. This will require swift Democratic action to confirm him before Republicans gain Senate control in January. Hajjar, previously nominated by Biden and confirmed in 2021, served a term that ended in December 2023. 
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo courtesy: 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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Marjorie Taylor Greene Pushes To Sell Off USPS Amid DOGE Momentum: 'We Need To Privatize...I've Been Saying It For Years'

American Education Center

Comments

American Education Center

American Education Center (AMCT) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga