Brookstone Intermediate Bond ETF (BATS: BAMB)

Latest news for Brookstone Intermediate Bond ETF (BATS:BAMB)

The Fund is an actively managed exchange traded fund (ETF) that, under normal circumstances, invests at least 80 percent of its net assets in U.S. Treasuries and investment grade corporate bonds with a 0-10 year weighted average maturity range, including unaffiliated ETFs purchased in the secondary market that invest substantially all of their assets in such fixed income instruments.

Ishares 7-10 Year Treasury Bond ETF

Spdr Bloomberg Barclays Intermediate Term Treasury ETF

Ishares 3 -7 Year Treasury Bond ETF

Schwab Intermediate Term U.S.

Ishares 1-5 Year Investment Grade Corporate Bond ETF

Brookstone Intermediate Bond ETF

Bambuser AB

On Tuesday, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced plans to invest $11 billion in Georgia through its cloud division, Amazon Web Services.
What Happened: This investment aims to bolster infrastructure for cloud computing and artificial intelligence technologies.
With the investment in Butts and Douglas counties, "we expect to create more than 550 well-paying jobs," said Roger Wehner, vice president of economic development at AWS.
See Also: <a href="https://www.benzinga.com/personal-finance/25/01/42818961/jeff-bezos-urged-his-brother-and-sister-to-invest-10000-in-amazon-the-stake-grew-15499900-and-its-now-potentially-worth-1-5-billion">Jeff Bezos Urged His Brother And Sister To Invest $10,000 In Amazon – The Stake Grew 15,499,900% And It&#8217;s Now Potentially Worth $1.5 Billion</a>
The expansion of AI and cloud computing has also led to increased electricity consumption in the U.S.
The Electric Power Research Institute projects that by 2030, data centers could account for as much as <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40599343/amazon-microsoft-and-other-us-tech-giants-compete-with-bitcoin-miners-over-scarce-energy-s">9% of the electricity produced</a> in the U.S., more than twice their current usage.
Amazon has <a href="https://www.benzinga.com/markets/equities/24/09/40969515/amazon-going-nuclear-hiring-plans-indicate-company-may-be-eyeing-nuclear-to-meet-energy-needs">secured agreements</a> with U.S. utilities, including Talen Energy in Pennsylvania and Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) in Mississippi, to power its data centers across the country.
Why It Matters: Amazon's initiative is part of a larger trend among tech giants to invest heavily in AI. Earlier this month, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) announced an <a href="https://www.benzinga.com/25/01/42801720/microsoft-to-invest-80-billion-in-ai-data-centers-for-fiscal-2025">$80 billion investment</a> for fiscal 2025 to train AI models and deploy cloud applications.
In 2024, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang also identified a <a href="https://www.benzinga.com/markets/equities/24/08/40617133/nvidia-ceo-jensen-huang-identifies-1-trillion-opportunity-amid-generative-ai-shift-data-centers-">$1 trillion opportunity</a>.
"The world builds about $1 trillion worth of data centers. In a few years, $1 trillion worth of data centers will be all accelerated computing," he said during Nvidia's second-quarter earning call.
In December 2024, Amazon also <a href="https://www.benzinga.com/media/24/12/42356920/amazon-halts-inferentia-ai-chip-development-to-take-on-nvidia-how-trainium-is-shaping-up-to-be-the-new-weapon-in-ai-chip-wars">decided to halt the development</a> of its Inferentia AI chip, focusing instead on the Trainium chip to improve cost performance in AI model training.
Price Action: Amazon's stock fell 2.42% on Tuesday, closing at $222.11. However, it recovered slightly with a 0.11% gain in after-hours trading, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>. 
Photo by Sundry Photography via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/01/42803280/consumer-tech-news-dec-30-jan-3-apple-stops-selling-iphone-14-iphone-14-plus-iphone-se-trump-seeks-a-political-resolution-of-tiktok-ban-more">Consumer Tech News (Dec 30-Jan 3): Apple Stops Selling iPhone 14, iPhone 14 Plus, iPhone SE, Trump Seeks A ‘Political Resolution&#8217; Of TikTok Ban &amp; More</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Tech

AMZN

MSFT

NVDA

Amazon AWS To Invest $11 Billion In Georgia To Boost AI And Cloud Infrastructure: 'Expect To Create More Than 550 Well-Paying Jobs'

On Tuesday, Cathie Wood-led Ark Invest made some significant adjustments to its portfolio. The most notable of these was the sale of shares in Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) across multiple ETFs, coupled with a substantial sale of ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>).
The Palantir Trade
Ark Invest&#8217;s decision to offload Palantir shares may come as a surprise to many, given the company&#8217;s impressive 355% surge over the past 12 months. The investment firm continued to dump shares of the hot stock. On Tuesday, it offloaded 4,890 shares valued at $342,251 through ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) and Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). Palantir stock ended the day sharply lower by 7.8% at $69.99. Tuesday&#8217;s sale follows Ark&#8217;s <a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42843542/palantir-stock-the-ark-is-rocking-as-palantirs-rally-hits-resistance">disposal of shares</a> worth roughly $15 million on Monday. Despite the sale, Wood remains a long-time supporter of tech disruptors. However, this move underscores growing concerns about Palantir's valuation, especially following Morgan Stanley&#8217;s <a href="https://www.benzinga.com/markets/equities/25/01/42835613/jim-cramer-predicts-palantir-buying-surge-tonight-after-morgan-stanleys-underweight-rating-unless-another-analyst-starts-with-a-sell">recent downgrade</a> to "underweight," setting a $60 price target on the stock.
The ARK 21Shares Bitcoin ETF Trade
On the same day, Ark Invest also made a significant sale of its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETF. The firm sold 18,239 ARK 21Shares Bitcoin ETF units from ARKW. On Tuesday ARKB ended the day 5.8% lower at $96.19. Bitcoin was seen trading 5.2% lower at $96,728.42 at the time of writing. Significantly lower than the psychologically important $100K mark.
This trade comes amidst a favorable environment for crypto gains. Former BitMEX CEO Arthur Hayes predicted Bitcoin&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42854789/bitcoin-could-peak-by-late-march-arthur-hayes-says-heres-why">price could peak</a> in late March 2025 due to increased dollar liquidity. He highlighted liquidity injections from the Fed&#8217;s Reverse Repo Facility and Treasury&#8217;s General Account, cautioning the positive trend may reverse with debt ceiling pressures.
Other Key Trades:
<ul>
<li>Ark Purchased shares of Gitlab. and Illumina.</li>
<li>The firm loaded up on shares of Pacific Biosciences of California </li>
<li>Ark sold shares of Archer Aviation, Cloudflare and Adaptive Biotechnologies.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/01/42857121/southwest-airlines-cashes-in-on-sale-and-leaseback-of-36-aircraft-details">Southwest Airlines Cashes In On Sale And Leaseback Of 36 Aircraft: Details</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>

Equities

Markets

ETFs

$BTC

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

ARKF

ARKK

ARKW

PLTR

Cathie Wood's Tuesday Double Dump: Ark Invest Trims Both Palantir And Bitcoin ETF Holdings

The U.S. financial markets will observe an extraordinary trading pause on Thursday, to honor former President Jimmy Carter&#8216;s state funeral, marking only the fourth such closure for a presidential <a href="https://www.benzinga.com/movers-shakers/24/12/42716329/jimmy-carter-the-39th-us-president-who-championed-human-rights-and-peace-in-the-middle-east-had-died">remembrance in modern market history</a>. 
What Happened: The New York Stock Exchange and Nasdaq will suspend all trading operations, while the bond market will see a shortened session closing at 2 p.m. ET, as recommended by the Securities Industry and Financial Markets Association. 
This follows President Joe Biden&#8216;s executive order declaring Jan. 9 a national day of mourning for Carter, who died on Dec 29 at age 100.
While U.S. <a href="https://www.benzinga.com/24/12/42725647/markets-will-close-for-president-jimmy-carters-state-funeral-what-you-need-to-know">financial markets and post offices will close</a>, most banks will maintain regular operations as the day is not designated as a federal holiday. 
The market closure has sparked debate within the financial community. Notably, Pershing Square CEO Bill Ackman <a href="https://www.benzinga.com/general/social-media/24/12/42737155/bill-ackman-questions-stock-market-closure-to-honor-jimmy-carter-calls-it-shutting-down-commerce">questioned the practice</a>, arguing on social media platform X that &#8220;closing the market is synonymous with shutting down commerce.&#8221; However, NYSE Group President Lynn Martin defended the decision, emphasizing Carter&#8217;s public service legacy.
See Also: <a href="https://www.benzinga.com/markets/25/01/42865028/jim-cramer-predicts-palantir-buying-surge-tonight-after-morgan-stanleys-underweight-rating-unless-an">Jim Cramer Predicts Palantir Buying Surge Tonight After Morgan Stanley&#8217;s Underweight Rating: &#8216;Unless Another Analyst Starts With A Sell&#8230;&#8217;</a>
Why It Matters: Carter&#8217;s presidential tenure (1977-1981) was marked by significant economic challenges, including peak inflation of 13.5%. His appointment of Paul Volcker as Federal Reserve chairman proved pivotal in establishing monetary policies that would later tame inflation, though these measures <a href="https://www.benzinga.com/politics/24/12/42734155/jimmy-carters-complex-economic-legacy-high-inflation-but-effective-hawkish-fed-under-volcker">contributed to his re-election defeat</a>.
For modern investors, Carter&#8217;s economic legacy includes the successful $1.5 billion government-backed rescue of Chrysler Corporation in 1980, which established a precedent for major corporate interventions. The automaker, now part of Stellantis N.V., ultimately repaid $12.5 billion in government loans.
The temporary market closure follows similar observances for former Presidents George H.W. Bush in 2018 and Gerald R. Ford in 2007.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/01/42836870/warren-buffetts-berkshire-hathaway-subsidiary-sued-over-unaffordable-loans-2008-style-predatory-loan-approval-tactics">Warren Buffett&#8217;s Berkshire Hathaway Subsidiary Sued Over Unaffordable Loans, 2008-Style Predatory Loan Approval Tactics</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.

Jimmy Carter's Funeral: Markets And Post Offices Closed, Banks Stay Open On Jan. 9

Elon Musk, on Tuesday, predicted a potential drop in prices of cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) if dollar inflation is addressed.
What Happened: The Tesla and Space X CEO expressed his views on how cryptocurrencies would benefit if inflation and government overspending were curbed
&#8220;If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal,&#8221; Musk wrote in an X post. &#8220;What matters is the ratio of dollars to cryptocurrency.&#8221;
<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">If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal. What matters is the ratio of dollars to crypto.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1876567714594169283?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The remark was in response to a post by Garry Tan, CEO of Y Combinator, who predicted Dogecoin&#8217;s price would go up if Musk&#8217;s upcoming Department of Government Efficiency, or DOGE, achieves its goal of <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">reducing government spending</a>.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/42835979/ethereum-co-founder-vitalik-buterin-offloads-nearly-a-million-in-memecoins-to-benefit-charitiesdogecoins-sister-coin-neiro-plunges-3-after-sale">Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin&#8217;s Sister Coin NEIRO Plunges 3% After Sale</a>
Why It Matters: Musk&#8217;s comments come in the wake of reports that the <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42806463/elon-musks-push-for-crypto-powered-everything-app-reflected-in-x-money-leak-as-bitcoin-hovers-around-100k">tech titan was planning to introduce a new Bitcoin and cryptocurrency feature</a> called &#8220;X Money&#8221; on X. 
According to a leak reported by influencer Alex Finn and MacRumors contributing researcher Aaron Perris, &#8220;X Money&#8221; might launch without needing approval from all 50 states.&nbsp;
Musk has been a <a href="https://www.benzinga.com/general/education/25/01/42794433/if-you-invested-1000-in-dogecoin-when-elon-musk-acquired-twitter-heres-how-much-youd-have-now">passionate supporter of DOGE meme coin</a>, and the acronym for his upcoming government department is based on the dog-themed cryptocurrency.
Price Action: At the time of writing, Bitcoin was exchanging hands at $96,967.23, down 4.81% in the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. DOGE was priced at $0.3515, crashing 9.41%.
Image via Flickr
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42836019/odds-of-trump-buying-greenland-hit-21-on-betting-platform-kalshi-amid-reports-of-donald-trump-jrs-visit-to-arctic-region">Trump&#8217;s Greenland Gambit: Kalshi Bettors See 21% Chance He&#8217;ll Seal The Deal Before This Date</a></li>
</ul>

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

Cryptocurrency

$DOGE

Elon Musk Foresees Drop In Bitcoin, Dogecoin Prices If Dollar Inflation Solved: 'What Matters Is The Ratio…'

Sony Group Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) co-founder Akio Morita once in an interview delivered a scathing critique of corporate leaders who prioritize quarterly profits over the long-term health of their companies.
What Happened:&nbsp; He spoke about the common practice of treating businesses as commodities rather than communities of people.
"A company is just like a family, like a home. We are working together, and this group of people working in the same direction should not be treated just like a commodity," he stated.
The legendary co-founder expressed concern over how executives often make drastic cuts during economic downturns, such as mass layoffs, to protect profits.
"Recession was not caused by these employees," he said, adding, "Yet, these employees are fired, losing business, still management stays to keep its profit. I am wondering, where are the human rights of these employees?"
See Also: <a href="https://www.benzinga.com/24/12/42381024/apple-eyes-sony-partnership-for-game-changing-vision-pro-upgrade">Apple Eyes Sony Partnership For Game-Changing Vision Pro Upgrade</a>
Morita also criticized the practice of new management writing off previous losses to make themselves look good while avoiding investments in the company's long-term future.
<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">Sony co-founder Akio Morita on managment who run companies for the short term:<a href="https://t.co/QqeXY8M94J">pic.twitter.com/QqeXY8M94J</a>
&mdash; Jon Erlichman (@JonErlichman) <a href="https://twitter.com/JonErlichman/status/1829255676859953173?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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: Morita&#8217;s passing in 1999 marked the end of an era for Sony Corp. and the Japanese business community.
A Harris <a href="https://www.nytimes.com/1999/10/04/business/akio-morita-co-founder-of-sony-and-japanese-business-leader-dies-at-78.html">poll</a> conducted a year before his passing, revealed that Sony ranked as the top brand among American consumers, surpassing iconic U.S. companies such as General Electric and Coca-Cola.
Under Morita's leadership, Sony made history as the first Japanese company to list its stock in the U.S. in 1961 and became a trailblazer again in 1972 by establishing one of the first Japanese-owned factories on American soil.
Sony currently has a market cap of $126.28 billion, making it the world's 127th most valuable company. The company&#8217;s stock experienced a 13.1% increase in 2024, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Japanese corporate culture values lifetime employment. Companies prioritize job security and employee loyalty to ensure stability. This contrasts with the U.S., where flexibility and frequent job changes are common.
Japanese firms also avoid mergers and acquisitions. Instead, they focus on organic growth and long-term relationships over quick profits.
Here is a table summarizing some of the largest tech layoffs over the past five years, including notable companies and the number of employees affected:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>Year</td>
<td>Number of Layoffs</td>
<td>Notes</td>
</tr>
<tr>
<td>Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>2022</td>
<td>10,000</td>
<td>Multiple rounds of layoffs in late 2022.</td>
</tr>
<tr>
<td>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>2022</td>
<td>11,000</td>
<td>First major round announced in November 2022.</td>
</tr>
<tr>
<td>Twitter (now called X)</td>
<td>2022</td>
<td>6,000+</td>
<td>Approximately 80% reduction under Elon Musk&#8217;s ownership.</td>
</tr>
<tr>
<td>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>2024</td>
<td>15,000</td>
<td>Planned reduction of 15% of workforce.</td>
</tr>
<tr>
<td>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>2024</td>
<td>1,900</td>
<td>Cuts primarily in the gaming division.</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>2023</td>
<td>12,000</td>
<td>Announced significant layoffs in January.</td>
</tr>
</tbody>
</table>
</figure>
Last year, Sony Interactive Entertainment also announced plans to reduce its PlayStation workforce by approximately 900 employees, representing 8% of its global staff.
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:
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<li><a href="https://www.benzinga.com/markets/emerging-markets/24/12/42552200/sony-semiconductor-hits-20-billion-image-sensor-shipments-plans-expansion">Sony Semiconductor Hits 20 Billion Image Sensor Shipments, Plans Expansion</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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INTC

SONY

Sony Was The First Japanese Company To List On US Markets, Co-Founder Akio Morita Championed 'Workers As Family' Philosophy — Does His Vision Still Resonate Today?

President-elect Donald Trump spotlighted artificial intelligence and drilling expansion as pillars of his economic vision Tuesday, pledging to foster AI-driven innovation while slashing energy<a href="https://www.benzinga.com/topic/regulations"> costs through expanded deregulation.</a>
During a press conference at Mar-a-Lago, Trump outlined plans to accelerate America's leadership in artificial intelligence by supporting private investments in data centers and energy infrastructure.
"A lot of people don&#8217;t realize that AI is going to be a big thing but you'll need double the electricity at least that we have right now," Trump said, hinting at the plan to markedly raise U.S. energy production to meet fast-growing AI demands.
He indicated that expanding access to oil and gas is critical to keeping energy costs low and powering future industry.
Calling Biden's offshore drilling ban "a crime" against America's economic potential, Trump pledged to overturn the policy immediately upon taking office. "We're going to be drilling, and energy costs are going to come way down," he said.
According to Trump, reversing Biden&#8217;s offshore drilling ban would unlock 625 million acres of offshore reserves valued at $50 to $60 trillion.
<h1 class="wp-block-heading">Trump Pledges Faster Permits</h1>
Trump contrasted the U.S. permitting delays with China's rapid expansion of energy infrastructure, which he said is fueling its artificial intelligence sector. 
He called out the U.S. permitting system as a major barrier to economic progress, particularly in the energy sector.
"China is already building massive electric facilities, and you know how they're being fired up? With coal," Trump said. 
The tycoon pledged to streamline environmental permitting for large-scale projects, promising expedited reviews for companies investing $1 billion or more in the U.S. economy. 
"We're going to move them quickly through the environmental process," Trump said, referencing delays that have sometimes lasted more than a decade. 
"I've seen plants in Louisiana where I got it approved in literally a week after they spent 14 and a half years trying to get it done."
Trump framed this regulatory overhaul as essential for keeping America competitive, particularly in energy and artificial intelligence. 
<h1 class="wp-block-heading">Market Reactions</h1>
U.S. oil and gas stocks outperformed on Tuesday, with the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) up by 1%, yet trimming session gains in afternoon trading.
The broader energy sector&#8217;s price action showed little sign of bullish momentum after Trump&#8217;s remarks.
Among individual names, Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) gained 2.8%, Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) rose 2.7%, and Hess Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) advanced 2%, leading the pack of Tuesday&#8217;s top-performing, large-cap energy stocks.
The technology-heavy AI sector lagged significantly, with the Global X Artificial Intelligence &amp; Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NYSE">AIQ</a>) closing nearly 2% lower. The decline in AI sector came as NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) tumbled 6% and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 4.1%.
Read Next: 
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<li><a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it">Trump Floats Canada As 51st US State, Says He&#8217;s Ready To Use &#8216;Economic Force&#8217; To Achieve It</a></li>
</ul>
Photo: Lukasz Z via Shutterstock

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TSLA

Trump Vows To Power AI Boom With Expanded Oil Drilling: 'Need Double The Electricity At Least That We Have Right Now'

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

CEROW

CERO

On Tuesday, Pierre Poilievre, the leader of Canada&#8217;s Conservative Party, has publicly denounced the idea proposed by President-elect Trump of making Canada the 51st state of the United States. 
What Happened: Poilievre took to social media platform X to voice his disagreement with Trump&#8217;s proposition. He asserted, &#8220;Canada will never be the 51st state. Period. We are a great and independent country.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Canada will never be the 51st state. Period. We are a great and independent country. We are the best friend to the U.S. We spent billions of dollars and hundreds of lives helping Americans retaliate against Al-Qaeda's 9/11 attacks. We supply the U.S. with billions of dollars of…
&mdash; Pierre Poilievre (@PierrePoilievre) <a href="https://twitter.com/PierrePoilievre/status/1876737709332738534?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Trump has been mulling over the idea of integrating Canada into the United States for several weeks. He clarified on Tuesday that he <a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it">does not intend to employ military force</a>, but rather &#8220;economic force&#8221; against the close U.S. ally.
Seizing this opportunity, Poilievre, who is a potential candidate for the next Prime Minister, criticized the current NDP-Liberal government and pledged to &#8220;fight for Canada.&#8221;
He outlined his vision for Canada, stating, &#8220;When&nbsp;I am Prime Minister, we&nbsp;will rebuild our military and&nbsp;take back control of the&nbsp;border to secure both Canada&nbsp;and the U.S. We will&nbsp;take back control of our&nbsp;Arctic to keep Russia and&nbsp;China out. We will axe&nbsp;taxes, slash red tape and&nbsp;rapidly green-light massive resource projects&nbsp;to bring home paycheques and&nbsp;production to our country.&#8221;
He concluded by saying, &#8220;In other words, we will put Canada First.&#8221;
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Why It Matters: This development follows a series of events that have strained U.S.-Canada relations. In December, Trump <a href="http://I will fight for Canada.">humorously referred</a> to Canadian Prime Minister Justin Trudeau as &#8220;Governor&#8221; of Canada, hinting at his idea of making Canada the 51st state of America. This was followed by reports that Canada might <a href="https://www.benzinga.com/news/global/24/12/42475000/if-trump-starts-a-trade-war-canada-could-impose-export-taxes-on-oil-uranium-report">impose export taxes</a> on goods like oil and uranium if Trump initiated a trade war.
This month, Trudeau <a href="https://www.benzinga.com/25/01/42823979/canadas-pm-justin-trudeau-steps-down-amid-internal-conflict-and-tension-over-trump-tariffs">announced his resignation</a> amid internal conflict and tension over Trump&#8217;s tariffs. The following day, Trump suggested that Canada could <a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it">become the 51st U.S. state</a>, criticizing trade imbalances and subsidies.
Photo Courtesy: Eli Unger On Shutterstock.com
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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>

General

'Canada will never be the 51st state. Period': Pierre Poilievre Slams Trump's Push For Annexation

President-elect Donald Trump told reporters at a press conference at Mar-a-Lago on Tuesday that he cannot rule out the use of military force in his quest for U.S. control of Greenland and <a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it">the Panama Canal.&nbsp;</a>
What To Know: A reporter asked if Trump could assure the American public that he would not use military force in an attempt to gain control of Greenland and the Panama Canal. Trump responded that he cannot make that assurance.&nbsp;
"No, I can't assure you on either of those two, but I can say this, we need them for economic security," Trump responded.
Read Next: <a href="https://www.benzinga.com/general/entertainment/25/01/42834240/kevin-oleary-joins-the-peoples-bid-for-tiktok-as-pending-ban-looms">Kevin O&#8217;Leary Joins The People&#8217;s Bid For TikTok As Pending Ban Looms</a>&nbsp;
Greenland: Trump has previously expressed a desire to acquire the Danish territory of Greenland during his first term as president and again following the 2024 election. His son Donald Trump Jr. made <a href="https://www.benzinga.com/news/global/25/01/42857403/trump-sends-don-jr-on-mission-to-get-the-deal-done-and-make-greenland-part-of-our-nation">a short visit</a> to Greenland on Tuesday, arriving in Nuuk, Greenland's capital and home to approximately 57,000 residents, where he spent at least five hours.
Trump also stated that the U.S. needs Greenland for national security purposes during the same press conference on Tuesday.&nbsp;
"You have approximately 45,000 people there. People really don't even know that Denmark has any legal right to it, but if they do, they should give it up because we need it for national security," Trump said.&nbsp;
He said that the U.S. could impose tariffs on Denmark &#8220;a very high level&#8221; if it stood in the way of Greenland choosing independence or to join the U.S. 
Panama Canal: Trump shared similar ideas for taking control of the Panama Canal which he has said the U.S. gave as a gift to Panama. He has also expressed the belief that Panama has given control of the canal to China and the U.S. could take it back. 
"The Panama Canal is vital to our country. It's being operated by China. China! We gave the Panama Canal to Panama, we didn't give it to China. And they abused that gift," he added. 
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42768507/china-slaps-export-restrictions-on-dozens-of-us-companies-boeing-lockheed-martin-general-dynamics-raytheon-affected">China&#8217;s Export Crackdown Hits Boeing, Lockheed Martin And More&nbsp;</a></li>
</ul>
Photo: Shutterstock

Global

Trump Does Not Rule Out Military Force To Acquire Panama Canal, Greenland: 'We Need Them For Economic Security'

Automaker Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) made its presence at the <a href="https://www.benzinga.com/25/01/42775636/ces-2025-preview-nvidia-amd-in-spotlight-other-trends-and-stocks-to-watch">2025 CES conference</a> felt announcing new plans for the space sector and an update on its city for inventors.
From Cars to Rockets: Toyota might be following in the footsteps of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk by also getting into the space sector, which was one of the hottest areas for<a href="https://www.benzinga.com/general/space/25/01/42828631/exclusive-rocket-lab-intuitive-machines-redwire-or-ast-spacemobile-33-of-readers-pick-this-space-stock-for-2025"> investors in 2024.</a>
Toyota chairman Akio Toyoda said the company is looking to the space sector as one of its examples of "invention by multiplication," while speaking at CES.
"When it comes to what's possible when you work together, the sky's the limit. And speaking of the sky, we're exploring rockets, too," Toyoda said, as <a href="https://techcrunch.com/2025/01/06/toyota-is-exploring-rockets-made-first-investment-interstellar-technologies/">reported </a>by TechCrunch.
While Toyota's interest in space and rockets could put the company head-to-head with Musk and SpaceX, Toyoda may have amplified the future battle with a comment.
"The future of mobility shouldn't be limited to just Earth, or just one car company."
Toyota's presentation included a rendering of a rocket designed by Japanese spaceflight company Interstellar Technologies.
The Toyota chairman said the company is working with Interstellar Technologies on telecommunications to support its prototype Woven City in Japan.
Toyota confirmed to TechCrunch that Woven by Toyota invested around $44.3 million in Interstellar Technologies. Woven by Toyota is the company's mobility subsidiary working on items such as automated driving, vehicle operating systems and Woven City.
While Toyota didn't provide many details on its space ambitions, a tease of a rocket, announcing an investment in a spaceflight company and more could signal the company's desire to grow in this segment for the future.
Toyota is a competitor with Tesla as one of the largest automakers by production annually. Toyota has focused more on hybrid vehicles than battery electric vehicles in recent years.
While Toyota is a competitor to Tesla, the launch of a space division or heavier investment in the sector would also put the company in direct competition with SpaceX. While Tesla and SpaceX are separate companies, they are both led by Musk and this could create quite the battle against the world's richest man.
Read Also: <a href="https://www.benzinga.com/25/01/42791975/toyota-2024-sales-surge-37-hits-milestone-with-over-a-million-electrified-vehicles-sold">Toyota 2024 US Sales Surge 3.7%, Hits Milestone With Over A Million Electrified Vehicles Sold</a>
Woven City Takes Shape: Toyota <a href="https://woven.toyota/en/our-latest/20250107-01">shared </a>its plan for Woven City back at CES 2020 and now the launch is set for this year.
Located in Japan, Woven City is called a city for inventors and will serve as a test course for mobility for Toyota and other partner companies.
"Woven City is a test course for mobility where ‘inventors' who share a commitment for working ‘for someone other than themselves' can develop, test and validate innovative products and services," the company said.
The list of partners includes some Toyota Group companies, external companies, startups and individual entrepreneurs. Partners include Daikin Industries, UCC Japan and Nissin Food Products.
Construction for Phase 1 buildings was completed in October 2024 with the official launch coming later this year. Site preparation work is also underway for Phase 2.
Around 100 residents, primarily Toyota Group staff and their families, will be part of Phase 1's initial launch with a total of 360 residents expected in the entire Phase 1 wave. Phase 2 and other phases will take Woven City to a population of around 2,000 inventors.
In the future, co-creation activities and visitors will also be welcomed to Woven City to visit and participate.
Woven City is part of Woven by Toyota's plan to expand mobility "from land, sea, and air to space."
The company has invested billions of dollars into the concept with the hope that combining inventors and providing the tools could help unlock autonomous vehicle technology on a built-in test course and also bring in inventions in the areas of AI, energy, space and more, as <a href="https://insideevs.com/news/746348/toyota-woven-city-ces/">reported </a>by InsideEVs.
Woven City members will need residence status in Japan to live there for one to two years, the company said. Applications and scholarships will open later this year for potential residency in Woven City.
While new technologies that generate revenue for Toyota could come out of Woven City, Toyota shareholders might not like the chairman's overall vision.
"At Woven City, we are trying to have a project that will never be completed," Toyoda told media at CES. "That's because we are trying to create the future. The purpose of this project is not to make money."
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/42836673/toyotas-next-gen-vehicles-to-use-nvidia-supercomputer-operating-system">Nvidia Supercomputer, Operating System To Power Toyota&#8217;s Next-Gen Vehicles</a></li>
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Photo: josefkubes via Shutterstock

SPACE

Topics

Toyota 'Exploring Rockets,' Kicks Off Inventor City: Automaker Ready To Take On Elon Musk

Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) has outperformed the market over the past 5 years by 3.61% on an annualized basis producing an average annual return of 16.02%. Currently, Liberty Energy has a market capitalization of $3.57 billion. 
Buying $1000 In LBRT: If an investor had bought $1000 of LBRT stock 5 years ago, it would be worth $2,015.86 today based on a price of $21.87 for LBRT at the time of writing.
<h3>Liberty Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736293520_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

LBRT

If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) has outperformed the market over the past 5 years by 3.09% on an annualized basis producing an average annual return of 15.5%. Currently, AbbVie has a market capitalization of $317.41 billion. 
Buying $1000 In ABBV: If an investor had bought $1000 of ABBV stock 5 years ago, it would be worth $2,015.83 today based on a price of $179.75 for ABBV at the time of writing.
<h3>AbbVie's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736291720_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABBV

Here's How Much $1000 Invested In AbbVie 5 Years Ago Would Be Worth Today

Investment bank Jefferies has upgraded Royal Gold Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) to a Buy rating, boosting its price target by 16%, from $154 to $178. The bank sees compelling growth potential from the streaming and royalty business leader for <a href="https://www.benzinga.com/topic/gold">precious metals</a>.
According to Jefferies analysts, Royal Gold could see a 10% hike in year-over-year sales, accompanied by growth from mines across the Americas. The largest contributions come from North America (40% of total revenue), followed by South America (35%) and Africa (25%). Royal Gold's unique business model ensures growth without substantial capital expenditures, as operator-funded expansions increase production.
Key growth catalysts include optimization and expansion at major mining operations. Highlights include increased throughput at the Mount Milligan mine in Canada and the ongoing ramp-up at the Barrick Gold's Pueblo Viejo mine in the Dominican Republic. Both projects could significantly increase the firm's long-term revenue growth.
Royal Gold also benefits from a healthy balance sheet, allowing it to pursue new deals and further optimize its portfolio. With minimal exposure to inflationary cost pressures due to its fixed-cost streaming agreements, the company is well-positioned for the current environment.
Interestingly, Jeffries forecasts an average of $2,658 per ounce in 2025, barely above gold's opening price for the year, $2,625. Although inflation fears have subsided and gold-backed BRICS currency hasn't materialized, central bank purchases provide support, reflecting the demand for gold as a safe-haven asset.
Even Goldman Sachs, which had a more optimistic $3,000 price target for 2025, recently moved the goalpost, seeing the price <a href="https://www.benzinga.com/government/regulations/25/01/42810847/goldman-sachs-delays-3000-gold-forecast-sees-fewer-rate-cuts-in-2025">reach that level in mid-2026</a>. They pointed at fewer than anticipated interest rate cuts as the main catalyst for the outlook.
Still, beyond the commodity&#8217;s price, which constitutes the largest part of its portfolio (75% in 2025), Royal Gold has more tools for generating value for its shareholders. 
The firm recently announced a 12.5% increase in its quarterly dividend, raising it to $0.45 per share and giving it a forward yield of 1.4%. The payments have steadily risen over the last decade, and with a low 27% cash payout ratio, the firm has plenty of leeway to continue the practice.
Read Next: • <a href="https://www.benzinga.com/news/guidance/25/01/42840568/chiles-codelco-targets-turnaround-with-modest-copper-output-increase-and-strategic-lithium-ventures">Chile&#8217;s Codelco Targets Turnaround with Modest Copper Output Increase and Strategic Lithium Ventures</a>
Photo: Shutterstock

Upgrades

Analyst Ratings

RGLD

Jefferies Upgrades Royal Gold For Compelling Growth Potential

McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) has outperformed the market over the past 20 years by 3.4% on an annualized basis producing an average annual return of 11.76%. Currently, McDonald's has a market capitalization of $208.39 billion. 
Buying $100 In MCD: If an investor had bought $100 of MCD stock 20 years ago, it would be worth $936.68 today based on a price of $289.15 for MCD at the time of writing.
<h3>McDonald's's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736290810_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In McDonald's 20 Years Ago Would Be Worth Today

This amendment changes the way that RHB results are reported under GAAP, but does not change RHB's historical or future contribution to Sterling's consolidated net income.

STRL

Sterling Infrastructure Executes Amendment To Its Road And Highway Builders Operating Agreement On December 31, 2024

According to <a href="https://www.cnbc.com/2025/01/06/ila-union-ports-held-secret-meeting-on-automation-as-new-strike-looms.html">a report</a> from CNBC, the International Longshoremen's Association and the U.S. Maritime Alliance (USMX) met secretly on Sunday to discuss the issue of technology and automation ahead of <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42770304/another-potential-east-coast-port-strike-is-brewing-4-stocks-to-watch">formal contract bargaining. </a>
The Details: The CNBC report said the ILA and USMX met for eight hours and produced language on automation to expedite the full bargaining committee review process scheduled for Tuesday. 
CNBC said it reviewed the document which allows the ILA the right to add union workers to complement any new technologies and "there is a commitment by the parties to research and utilize all technology that would assist an operator in being more efficient and productive."
Read Next: <a href="https://www.benzinga.com/25/01/42821300/biden-set-to-ban-future-offshore-oil-drilling-4-stocks-to-watch">Biden Set To Ban Future Offshore Oil Drilling: 4 Stocks, 2 ETFs To Watch</a>
However, sources said that the language that was drawn up may add to concerns about labor costs and could complicate a contract deal that includes wage increases and protections from automation.&nbsp;
The current, temporary labor contract <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41187855/port-strike-ends-after-3-days-retaliers-politicians-breathe-a-sigh-of-relief">signed in October</a> is set to expire on Jan. 15.&nbsp;
Harold Daggett, president of the International Longshoreman&#8217;s Association, previously hinted at another potential strike in a Christmas Day <a href="https://ilaunion.org/harold-j-daggett-international-president-international-longshoremens-association-2024-christmas-message-to-ila-members-and-their-families/">message to</a> union members. 
&#8220;Our resolve may be tested again in mid-January as we face another deadline for negotiating a new Master Contract by January 15, 2025. We want to avoid another strike, and hope that our employers represented by United States Maritime Alliance will respect our demands for a fair and decent contract,&#8221; Daggett wrote.&nbsp;
Why It Matters: If the ILA port workers strike, the work stoppage could affect many industries.&nbsp;
Shipping companies, like ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) and Global Ship Lease Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) could face significant loss of revenue in the event of a port strike. 
Investors can monitor the effects on the broader shipping industry through the SonicShares Global Shipping ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOAT#NYSE">BOAT</a>) which tracks the Solactive Global Shipping Index consisting of global shipping companies engaged in maritime transportation of goods and raw materials. 
Some companies that could benefit from a port strike include logistics providers such as C.H. Robinson Worldwide, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NYSE">CHRW</a>) which has a focus on freight brokerage and primarily truck and rail brokerage. 
Ground and air freight shipping companies like 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>) could also benefit in the event of a port strike as businesses would shift toward ground and air transportation of goods. 
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42768507/china-slaps-export-restrictions-on-dozens-of-us-companies-boeing-lockheed-martin-general-dynamics-raytheon-affected">China&#8217;s Export Crackdown Hits Boeing, Lockheed Martin And More&nbsp;</a></li>
</ul>
Photo: Shutterstock

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