Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ: BSCW)

Latest news for Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW)

The Fund generally will invest at least 80 percent of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the Index Provider) compiles and maintains the Underlying Index. The Underlying Index seeks to measure the performance of a portfolio of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, effective maturities in the year 2032 (collectively, 2032 Bonds). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date.

Invesco BulletShares 2032 Corporate Bond ETF

Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) climbed higher on Sunday, capping off a successful week for the market&#8217;s ninth-largest cryptocurrency. It was worth noting the contribution of whale investors to the rally.
What happened: ADA rose over 2% in the last 24 hours, with its trading volume jumping by more than 35% to $1.34 billion. The latest uptick propelled its weekly gains to an impressive 25%, making it one of the biggest gainers.
Whales, known for their large holdings, were one of the primary drivers of the surge, acquiring more than 40 million ADA tokens between Wednesday and Friday last week, according to on-chain specialist Ali Martinez.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Whales bought over 40 million <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> in the last 48 hours! <a href="https://t.co/YMc1dxQzjd">pic.twitter.com/YMc1dxQzjd</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1875586993306091621?ref_src=twsrc%5Etfw">January 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As of this writing, whales accounted for 8.48% of ADA's total supply, <a href="https://app.intotheblock.com/coin/ADA">data </a>from IntoTheBlock showed.
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"> &#8216;Pharma Bro&#8217; Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor</a>
The upsurge got some notable figures in the space excited.
Glauber Contessoto, popularly known as SlumDOGE Millionaire, said, "ADA looks so primed right now," observing the weekly trajectory.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> looks so primed fight now &#x1f633; <a href="https://t.co/ei71jOIgZQ">pic.twitter.com/ei71jOIgZQ</a>
&mdash; SlumDOGE Millionaire (@ProTheDoge) <a href="https://twitter.com/ProTheDoge/status/1876053999637692463?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
ADA's technical indicators gave mixed signals.&nbsp;
The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset's price, flashed a "Buy" signal as of this writing, <a href="https://in.tradingview.com/symbols/ADAUSD/technicals/">according </a>to TradingView.
The Awesome Oscillator, which compares recent price movements to historical movements, also issued a bullish forecast.
However, the Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, was still "Neutral," ruling out dominance of any particular market force.
The coin, often dubbed an "Ethereum Killer," languished for the majority of 2024 before a broader rally sparked by Donald Trump&#8217;s presidential victory revitalized it, resulting in 44% annual gains.
The rally was also driven by founder Charles Hoskinson's statements about his <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41870941/cardano-soars-to-7-month-high-as-founder-charles-hoskinson-teases-potential-crypto-policy-role-in-trump-administration">engagement with the incoming Trump administration</a> in developing a cryptocurrency policy for the U.S.
Price Action: At the time of writing, ADA was exchanging hands at $1.09, up 2.06% 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>.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42758291/elon-musks-return-to-original-x-avatar-causes-coin-themed-on-kekius-maximus-to-crash-90-frog-themed-pepe-slips-as-well">Elon Musk&#8217;s Return To Original X Avatar Causes Coin Themed On &#8216;Kekius Maximus&#8217; To Crash 90% — Frog-Themed PEPE Slips As Well</a></li>
</ul>

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

Cryptocurrency

News

Markets

Trading Ideas

$ADA

Cardano Surges 25% Over The Week As Whale Investors Pile On Millions Worth Of The 'Ethereum Killer'

Macro Economic Events

Econ #s

Economics

Reported Earlier, China Caixin Services Purchasing Managers Index For December 52.2 Vs. 51.7 Est.; 51.5 Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For December 50.9 Vs. 51.4 Est.; 50.5 Prior

Israel Englander's Millennium Management has made sweeping adjustments to its portfolio, including a remarkable 91,046.15% increase in Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) call options and a 94.69% increase in Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) direct holdings, according to its third quarter 13F filings with the Securities and Exchange Commission.
What Happened: The $69 billion hedge increased Alibaba call options from 5,200 contracts in the second quarter to 4.74 million contracts in the third quarter. Similarly, it raised its put options in Alibaba by 281.79%, from 1.49 million to 5.71 million contracts, while scaling back its direct shareholding in the company by 21.97%, from 2.08 million shares to 1.62 million shares.
Millennium also rebalanced its investments in other major companies. The firm reduced its stake in NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) by 12.57%, cutting its direct holdings from 12.75 million shares in the second quarter to 11.15 million shares in the third quarter. Call options on Nvidia were trimmed by 19.75%, from 15.17 million to 12.17 million contracts, while put options decreased by 21.06%, from 38.63 million to 30.50 million contracts.
The hedge fund significantly increased its position in Broadcom, nearly doubling its direct holdings to 1.15 million shares, up from 592,501 shares in the second quarter. Call options in Broadcom surged 966.56%, climbing from 271,100 to 2.89 million contracts, while put options rose 863.89%, from 492,500 to 4.75 million contracts.
See Also: <a href="https://www.benzinga.com/24/12/42735573/two-magnificent-7-giants-snubbed-in-dan-ives-top-10-tech-winners-for-the-ai-revolution-into-2025-but-palantir-salesforce-and-snowflake-made-the-cut">Palantir, Salesforce, And Snowflake Made The Cut, But 2 &#8216;Magnificent 7&#8242; Giants Left Out From Dan Ives&#8217; Top 10 Tech Winners For The AI Revolution In 2025 List</a>
In other notable moves, Millennium increased its direct holdings in Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) by 51.36%, bringing its stake from 3.04 million shares to 4.60 million shares. Call options in Microsoft rose slightly by 5.31%, from 2.91 million to 3.06 million contracts, while put options declined by 11.63%, from 4.88 million to 4.31 million contracts.
The hedge fund also adjusted its position in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), increasing its direct holdings by 51.30%, from 440,335 shares in the second quarter to 666,095 shares in the third quarter. Call options in Tesla dropped by 17.16%, from 3.93 million to 3.26 million contracts, while put options saw a steep decline of 38.31%, from 9.10 million to 5.62 million contracts.
Why It Matters: Millennium made notable changes to its holdings in the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), raising its direct stake by 80.97%, from 3.08 million shares to 5.57 million shares. Call options in SPY decreased slightly by 2.01%, from 3.74 million to 3.67 million contracts, while put options increased by 34.89%, from 6.44 million to 8.68 million contracts.
Millennium, founded by Englander in 1989 with just $35 million, showed notable activity across other major holdings. The fund increased its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) position with a 10.8 million purchase of iShares Bitcoin Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NYSE">IBIT</a>).
The investment shifts occur as Millennium <a href="https://www.benzinga.com/markets/equities/24/11/41834463/blackrock-in-early-talks-to-take-equity-stake-in-hedge-fund-giant-millennium-report">faces potential structural changes</a>. The firm is reportedly in early-stage discussions with BlackRock Inc. regarding a possible equity stake sale, which would mark the first external investment in Millennium&#8217;s management company during its 35-year history.
Englander, who began his career as a floor broker and trader on the American Stock Exchange, has maintained 100% ownership of Millennium since its inception. The firm employs multiple investment strategies, including relative value, equity arbitrage, fixed income, and quantitative approaches.
Read Next: 
<ul>
<li><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">&#8216;Pharma Bro&#8217; Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor</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

$BTC

AVGO

BABA

IBIT

MSFT

NVDA

TSLA

Israel Englander's Millennium Management Dumps Nvidia, Loads Up On Broadcom — Here's What The $70 Billion Hedge Fund Sees

The cryptocurrency market witnessed a sizable jump over the last week, with some unconventional meme coins taking the lead over market heavyweights.
What happened: Parody coin SPX6900 emerged as the market's top performer, rallying over 66% in the last seven days. Available on both Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), the cryptocurrency hit an all-time high of $1.55 on Sunday.&nbsp;
The coin that aims to surpass the market capitalization of the mammoth S&amp;P 500 index was also 2024's <a href="https://www.benzinga.com/24/12/42717267/2024s-cryptocurrency-champions-these-top-performers-surpass-bitcoin-in-a-year-of-unprecedented-gains">second-biggest gainer</a>, returning 10795% to its investors.
Fartcoin was the second-best-performing cryptocurrency, surging 64% over the previous week. The Solana-based coin hit an all-time high of $1.52 earlier this week, marking a rather eccentric journey from <a href="https://www.benzinga.com/25/01/42780221/from-giggles-to-gains-fartcoin-hits-new-all-time-high-equals-papa-johns-valuation">giggles to gains</a>
AIOZ token, belonging to the AIOZ Network, gained an impressive 39.35%, implying a market for technology-driven cryptocurrencies as well. AIOZ Network operates on a blockchain that supports Web3 storage, decentralized AI computation, and video streaming.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price </td>
</tr>
<tr>
<td>SPX6900 (SPX)</td>
<td>+66.97%</td>
<td>$1.49</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+64.28%</td>
<td>$1.39</td>
</tr>
<tr>
<td>AIOZ Network (AIOZ)</td>
<td>+39.35%</td>
<td>$1.13</td>
</tr>
</tbody>
</table>
</figure>
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"> &#8216;Pharma Bro&#8217; Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor</a>
Blue-chip currencies also marched upward, marking a good start to 2025. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gained 6.51% while Ethereum, the second-largest cryptocurrency, rose over 8% over the week.
Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), and Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) were the biggest gainers in the large-cap category, surging 21.78%, 15.56%, and 21.78%, respectively.
Overall, the total cryptocurrency market capitalization rose 7.3% over the week to $3.52 trillion.
Photo by CMP_NZ on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42758291/elon-musks-return-to-original-x-avatar-causes-coin-themed-on-kekius-maximus-to-crash-90-frog-themed-pepe-slips-as-well">Elon Musk&#8217;s Return To Original X Avatar Causes Coin Themed On &#8216;Kekius Maximus&#8217; To Crash 90% — Frog-Themed PEPE Slips As Well</a></li>
</ul>

Movers

$DOGE

$ETH

$SOL

$XRP

Bitcoin, Ethereum Made Rapid Strides Last Week But SPX6900, Fartcoin Stole The Limelight With Biggest Gains

New York City is poised to become the first U.S. city to implement congestion pricing, with drivers facing new tolls to enter Manhattan&#8217;s central business district starting Sunday. The groundbreaking initiative aims to tackle urban congestion and fund public transit improvements.
Under the plan championed by Gov. Kathy Hochul, passenger vehicles with E-ZPass will pay $9 during peak hours (5 a.m. to 9 p.m. weekdays, 9 a.m. to 9 p.m. weekends) to enter Manhattan south of Central Park. Non-E-ZPass users will pay $13.50. Overnight rates drop to $2.25 and $3.30 respectively, <a href="https://apnews.com/article/new-york-congestion-tolls-123ad0724cddfd061fb3e5a573d8417a">reported</a> Associated Press.
The program follows successful models in London, Stockholm, and Singapore. While environmental and transit advocates support the measure for its potential to reduce pollution and fund mass transit, it has faced legal challenges, including a recent unsuccessful attempt by New Jersey to block implementation.
Some relief is available through credits of up to $3 for drivers using major tunnels and bridges. The plan also offers exemptions for emergency vehicles and people with disabilities, while low-income drivers can qualify for 50% discounts after ten monthly trips.
For-hire vehicle passengers will pay surcharges ranging from 75 cents for taxis to $1.50 for rideshare services like Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42806823/waymo-robotaxi-circles-phoenix-airport-parking-lot-passengers-get-a-bonus-tour-they-didnt-ask-for">Waymo Robotaxi Circles Phoenix Airport Parking Lot, Passengers Get A Bonus Tour They Didn&#8217;t Ask For</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.

Global

LYFT

UBER

New York City's Historic Congestion Pricing Starts Sunday, Uber And Lyft Passengers To Pay For Entering Manhattan

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has decided to temporarily pause construction on parts of its <a href="https://www.benzinga.com/news/23/12/36374852/microsoft-just-paid-76m-for-a-pumpkin-farm-in-wisconsin-heres-why">ambitious data center project</a> in Mount Pleasant.
What Happened: Earlier this week, the company said that it still plans to complete the first phase of the data center, with a total investment of $3.3 billion expected by the end of 2026, <a href="https://www.wpr.org/economy/microsoft-pauses-construction-on-portions-of-mount-pleasant-project">reported</a> Wisconsin Public Radio.
"We have paused early construction work for this second phase while we evaluate scope and recent changes in technology and consider how this might impact the design of our facilities," a Microsoft spokesperson told the publication.
See Also: <a href="https://www.benzinga.com/25/01/42758213/cathie-woods-ark-invest-predicts-explosive-growth-in-2025-innovation-is-going-to-scale-dramatically-as-the-economy-begins-to-get-rid-of-regulations-under-this-new-administration?itm_source=parsely-api">Cathie Wood&#8217;s Ark Invest Predicts Explosive Growth In New Year: Crypto, Robotics, AI And Other Prediction</a>
The AI data center in Wisconsin was expected to be used by ChatGPT-parent OpenAI for a massive supercomputer, according to The Information.
<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">Microsoft paused some construction on a Wisconsin AI data center that OpenAI is slated to used. The company said it needs to evaluate "scope and recent changes in technology," as well as how "this might impact the design of our facilities."<a href="https://t.co/7uhMPiCI16">https://t.co/7uhMPiCI16</a>
&mdash; Anissa Gardizy (@anissagardizy8) <a href="https://twitter.com/anissagardizy8/status/1876014434424123724?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Sean Ryan, representing the village of Mount Pleasant, confirmed the pause is to integrate new data center designs. He noted that the first phase is on track for completion this year.
Microsoft 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 decision to pause construction comes as Microsoft is heavily <a href="https://www.benzinga.com/25/01/42801720/microsoft-to-invest-80-billion-in-ai-data-centers-for-fiscal-2025">investing in data centers</a> to support its growing focus on artificial intelligence.
The company has announced plans to <a href="https://www.benzinga.com/25/01/42801720/microsoft-to-invest-80-billion-in-ai-data-centers-for-fiscal-2025">allocate approximately $80 billion</a> in fiscal 2025 toward developing data centers for AI model training and deploying AI and cloud-based applications.
The Mount Pleasant site was initially optioned for a Foxconn (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FXCOF#OTC">FXCOF</a>) megaproject that was later abandoned. Foxconn had promised a $10 billion investment in Mount Pleasant but the company later scaled back, reducing the investment to $672 million.
Price Action: Microsoft's stock rose by 1.14% on Friday, closing at $423.35. Over the past year, Microsoft shares gained 15.12%, trailing behind the Nasdaq 100, which surged 30.79% during the same period, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Photo Courtesy: Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42758112/jeff-bezos-booby-trapped-his-childhood-home-to-keep-out-pesky-siblings-but-later-convinced-them-to-invest-10000-each-in-amazon-how-did-it-turn-out-for-them?itm_source=parsely-api">Jeff Bezos Booby-Trapped His Childhood Home To Keep Out Pesky Siblings—But Later Convinced Them to Invest $10,000 Each In Amazon: How Did It Turn Out For Them?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Media

FXCOF

Microsoft Pauses Construction On $3.3 Billion Data Center Expected To Be Used By ChatGPT-Parent OpenAI For Massive Super Computer

A Waymo robotaxi passenger&#8217;s trip to Phoenix Sky Harbor International Airport hit a snag when the autonomous vehicle, operated by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), became stuck circling a parking lot roundabout for several minutes, highlighting ongoing challenges in self-driving technology deployment.
What Happened: The incident, documented by passenger Mike Johns on TikTok and <a href="https://www.abc15.com/news/local-news/investigations/what-happens-when-a-waymo-gets-confused">reported</a> by ABC15, resulted in a five-minute delay and a refunded trip. 
This event comes as Waymo reports significant growth, providing over 150,000 weekly paid trips across its network &#8211; a tripling of service since June. The company recently announced expansion <a href="https://www.benzinga.com/tech/24/12/42523474/alphabets-waymo-expands-global-reach-with-tokyo-robotaxi-testing-eyes-left-hand-traffic-challenges">plans to Tokyo in early 2025</a> and Miami in 2026, while maintaining Phoenix as its largest operating area at 315 square miles.
The incident follows Waymo&#8217;s recent safety report with Swiss Re, showing an 88% reduction in property damage claims and a 92% reduction in bodily injury claims compared to human drivers over 25.3 million miles. However, the National Highway Traffic Safety Administration is investigating 31 reports of crashes and alleged traffic violations involving Waymo vehicles.
<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">This passenger was stuck in a loop while trying to take a Waymo to the airport. ABC15&#39;s Adam Mintzer spoke to the man about his experience. <a href="https://t.co/QdI8m39ynO">pic.twitter.com/QdI8m39ynO</a>
&mdash; ABC15 Arizona (@abc15) <a href="https://twitter.com/abc15/status/1876026022258258044?ref_src=twsrc%5Etfw">January 5, 2025</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/news/25/01/42804461/sanders-backs-trumps-credit-cap-carters-passing-trumps-response-to-nola-attack-and-more-this-week-in-politics">Sanders Backs Trump&#8217;s Credit Cap, Carter&#8217;s Passing, Trump&#8217;s Response To NOLA Attack And More: This Week In Politics</a>
Why It Matters: The timing is particularly noteworthy as competitor General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) recently shuttered its Cruise autonomous unit following a serious accident in October 2023. GM has shifted <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42425386/general-motors-stock-is-rising-after-the-bell-whats-driving-the-action">focus to combining its autonomous</a> and assisted driving development for personal vehicles rather than robotaxis.
Despite the roundabout incident, Waymo CEO Sundar Pichai remains confident in the technology&#8217;s progress, recently identifying Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as their main competitor in the <a href="https://www.benzinga.com/24/12/42503675/alphabet-ceo-sundar-pichai-names-tesla-as-main-competitior-to-its-waymo-robotaxi-unit">autonomous driving space</a>. 
&#8220;Obviously Tesla is a leader in the space. It looks to me like Tesla and Waymo are the top two,&#8221; Pichai said at The New York Times DealBook summit.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/mid-cap/25/01/42804971/rigetti-computing-veon-and-intuitive-machines-are-among-top-mid-cap-gainers-last-week-dec-30-jan-3-are-the-others-in-your-portfolio">Rigetti Computing, VEON And Intuitive Machines Are Among Top Mid-Cap Gainers Last Week (Dec 30-Jan 3): Are The Others In Your Portfolio?</a></li>
</ul>
Photo courtesy: Waymo
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Waymo Robotaxi Circles Phoenix Airport Parking Lot, Passengers Get A Bonus Tour They Didn't Ask For

Melania Trump is set to executive produce a new documentary on Amazon.com, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video, offering a rare glimpse into her life and influence in Donald Trump&#8217;s political sphere.&nbsp;
What Happened: The documentary began filming in December 2024 and is expected to be released in mid-2025, <a href="https://edition.cnn.com/2025/01/05/politics/melania-trump-amazon-documentary/index.html">reported</a> CNN.
The project, directed by Brett Ratner, marks his first major work since 2017. Ratner faced allegations of sexual misconduct, which he has denied.
The documentary will be available both theatrically and on streaming platforms.
See Also: <a href="https://www.benzinga.com/tech/25/01/42779753/mark-zuckerbergs-meta-replaces-global-affairs-chief-nick-clegg-with-republican-joel-kaplan-ahead-of-trump-inauguration?itm_source=parsely-api">Mark Zuckerberg&#8217;s Meta Replaces Global Affairs Chief Nick Clegg With Republican Joel Kaplan Ahead Of Trump Inauguration</a>
"Prime Video will be sharing more details on the project as filming progresses and release plans are finalized. We are excited to share this truly unique story with our millions of customers around the world," an Amazon spokesperson told the publication.
Amazon did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Melania Trump, who last year published a <a href="https://www.benzinga.com/news/24/09/41086412/elon-musk-joins-donald-trump-in-congratulating-former-first-lady-after-her-book-melania-becomes-a-be">bestselling autobiography</a>, is not expected to reside full-time in Washington after Donald Trump&#8217;s inauguration, the report noted.
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: Prime Video isn't the only platform that has leveraged the popularity of politicians and celebrities.
Netflix Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) "The Crown," which chronicles the reign of Queen Elizabeth II, has <a href="https://www.benzinga.com/general/entertainment/22/09/28871919/viewership-for-the-crown-surges-after-queen-elizabeths-death-whats-next-for-the-emmy-award-">received massive viewership</a>. The streaming last year also announced <a href="https://www.benzinga.com/general/entertainment/24/04/38237862/meghan-markle-prince-harry-line-up-new-projects-with-netflix-heres-what-the-shows-are-about">two new projects</a> featuring Prince Harry and Meghan Markle.
Last year in June, Evercore&#8217;s survey <a href="https://www.businessinsider.com/amazon-high-prime-video-viewership-netflix-comparison-evercore-survey-2024-6">revealed</a> that Prime Video boasts an impressive 75% satisfaction rating, surpassing Netflix's 61%.
However, a December 2024 Evercore survey indicated that Netflix has further extended its lead in content quality compared to Walt Disney Co.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Disney+ and Amazon Prime Video.
Price Action: Amazon&#8217;s stock increased by 1.80% on Friday, finishing at $224.19. Last year, Amazon shares jumped 54.36%, as per <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Photo Courtesy: Evan El-Amin On Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/42779998/6th-circuit-strikes-down-fcc-net-neutrality-rules-in-blow-to-biden-administrations-internet-regulation-agenda?itm_source=parsely-api">Biden-Era Net Neutrality Rules Overturned By Federal Appeals Court: What It Means For Net Freedom, Cybersecurity And Consumers</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

AMZN

NFLX

Melania Trump To Produce Upcoming Amazon Prime Documentary About Her Life and Influence In Trump Political Universe

Cryptocurrency analyst James Van Straten noted Sunday that Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) supply held by long-term holders has reached a bottom and the accumulation period could potentially begin.
What Happened: Van Straten took to X to share his insights on Bitcoin&#8217;s supply and market trends. He noted that the market has absorbed 1,098,490 BTCs and suggested that the long-term holder supply has likely reached its lowest point. 
&#8220;Supply has now grown over the past week and should now rise from here, &#8221; Van Straten predicted.
<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 market has now absorbed &#8211; 1,098,490 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. I think <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> LTH supply has bottomed out. Supply has now grown over the past week and should now rise from here. 155 days ago was Aug. 3, which was 2 days prior to the Yen Carry Trade Unwind bottom. BTC dropped from $70k to… <a href="https://t.co/xufkTdwIFu">pic.twitter.com/xufkTdwIFu</a>
&mdash; James Van Straten (@btcjvs) <a href="https://twitter.com/btcjvs/status/1875930908655497221?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42805470/shiba-inus-2133-burn-rate-surge-followed-by-10-price-rise-whats-happening">Shiba Inu&#8217;s 2,133% Burn Rate Surge Followed by 10% Price Rise: What&#8217;s Happening?</a>
Most analytics firms recognize long-term holders as addresses that have held Bitcoin for 155 days or more.
Van Straten reflected on past market trends, mentioning a significant drop in Bitcoin&#8217;s value from $70,000 to $49,000 that occurred 155 days ago, coinciding with the <a href="https://www.benzinga.com/markets/asia/24/08/40154219/what-investors-should-know-about-yen-carry-trade-unwinding-that-is-sending-global-markets-into-a-tai">Yen carry trade unwind</a>. He pointed out that investors who bought Bitcoin at those subdued prices would have seen a 100% increase in their investments by now.
Why It Matters: Van Straten&#8217;s observations come as Bitcoin&#8217;s long-term holder balance rose by 0.06% in the last 24 hours, <a href="https://app.intotheblock.com/">according</a> to IntoTheBlock. Additionally, over $137 million worth of Bitcoin left exchanges, signaling a preference to HODL.
Long-term holders are frequently viewed as &#8220;diamond hands&#8221; and more experienced investors. This cohort tends to accumulate cheap coins during weak trends and distribute them amid bull market strength.
Price Action: At the time of writing, Bitcoin was exchanging hands at $98,917.76, up 0.79% 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.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42804530/robert-kiyosaki-predicts-massive-market-crash-save-gold-silver-bitcoin-crash-is-here">Robert Kiyosaki Predicts Massive Market Crash: &#8216;Save Gold, Silver, &amp; Bitcoin, Crash Is Here&#8217;</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>

Bitcoin Accumulation By 'Diamond Hands' Could Increase In Days Ahead, Says Analyst: 'BTC Long-Term Holder Supply Has Bottomed Out'

Canadian Prime Minister Justin Trudeau is reportedly preparing to resign as the leader of the Liberal Party. An official announcement is expected to be made as early as Monday.
What Happened: A report by Reuters, citing Canadian newspaper The Globe and Mail, on Sunday suggests that Trudeau&#8217;s resignation could come ahead of a pivotal national caucus meeting on Wednesday. The specifics of Trudeau&#8217;s exit, including whether he will step down immediately or wait for a successor, remain unclear.
Insiders who spoke to The Globe and Mail could not confirm if Finance Minister&nbsp;Dominic LeBlanc&nbsp;would be willing to serve&nbsp;as interim leader and prime&nbsp;minister, particularly if he intends to vie for the leadership.
Trudeau&#8217;s resignation comes at a crucial juncture for the Liberal Party, which is expected to face a significant loss to the Conservatives in the forthcoming election, due by late October. His exit could prompt calls for an expedited election to establish a government capable of managing the administration of President-elect Donald Trump over the next four years.
See Also: <a href="https://www.benzinga.com/news/24/12/42714402/elon-musk-weighs-in-on-maga-divide-urges-gop-to-purge-contemptible-fools?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Weighs In On MAGA Divide, Urges GOP To Remove ‘Contemptible Fools' Completely</a>
Why It Matters: Trudeau&#8217;s decision to step down comes on the heels of tense discussions with President-elect Donald Trump. In a high-stakes dinner in late November, Trudeau warned Trump about the <a href="https://www.benzinga.com/media/24/11/42252924/canadian-pm-justin-trudeau-warns-trumps-25-tariff-plan-will-hurt-americans-at-high-stakes-dinner">potential negative impacts</a> of his proposed 25% tariff plan on American and Canadian citizens.
Following the dinner, Trump <a href="https://www.benzinga.com/news/24/12/42409527/trump-humorously-calls-justin-trudeau-as-governor-days-after-floating-idea-of-canada-dodging-tariffs-as-51st-state-of-america">humorously referred</a> to Trudeau as the "Governor of the Great State of Canada," expressing enthusiasm about future meetings and stating that the results of their talks would be "truly spectacular for all."
Photo by Art Babych on Shutterstock
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>
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

Justin Trudeau Set To Resign As Prime Minister Of Canada: Report

Pro-cryptocurrency attorney John Deaton expressed his willingness on Sunday to&nbsp;lead a federal investigation into the so-called &nbsp;"Operation Choke Point 2.0&#8243; without any salary, a task he deemed an &#8220;honor and privilege.&#8221;
What Happened: Deaton took to X to voice his concerns about ChokePoint 2.0, an <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31695013/linking-signature-bank-collapse-to-crypto-exposure-ludicrous-says-ny-finance-regulator">alleged initiative</a> undertaken by the U.S. government to limit the cryptocurrency industry&#8217;s access to banking services. 
He emphasized the sensitivity of the issue, stating that it goes beyond digital assets and banking charters and one that affects the very foundations of free market capitalism.
&#8220;When lawful businesses are cut off from essential financial services based on political agendas rather than established law, it doesn't just stifle one industry &#8211; it sets a dangerous precedent that threatens America's ability to remain a global leader in economic progress and innovation,&#8221; said Deaton, a strong backer of Ripple Labs (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) in its <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37217615/crypto-crusader-john-deaton-battles-critic-elizabeth-warren-in-high-stakes-senate-race">ongoing tussle</a> with the SEC.
<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">As a former prosecutor and Special Assistant United States Attorney I am very serious about volunteering to help lead a federal investigation into ChokePoint 2.0. I would accept the task without salary. The American people deserve the truth a hell of a lot more than I or anyone… <a href="https://t.co/LFdhpCixnr">https://t.co/LFdhpCixnr</a>
&mdash; John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1875619679114244416?ref_src=twsrc%5Etfw">January 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Deaton also mentioned the <a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34125139/30-people-to-watch-in-web3-caitlin-long-ride-or-die-for-cryptos-future-at-a-regulatory-lev">ongoing legal battle</a> between the cryptocurrency-friendly Custodia Bank and the Federal Reserve over delays in obtaining a&nbsp;master account from the central bank, describing it as &#8220;the most important filed case&#8221; involving free market capitalism.
The attorney tagged the X accounts of President-elect Donald Trump and other key members of his upcoming administration, urging them to take the issue seriously.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42804970/dogecoin-to-hit-one-dollar-milestone-this-year-says-this-analyst">Dogecoin To Hit One Dollar Milestone This Year, Says This Analyst</a>
Why It Matters: Deaton has been an outspoken critic of the Joe Biden administration&#8217;s regulatory policies, accusing them of hindering the cryptocurrency industry.
He <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41350336/elizabeth-warren-says-rival-john-deaton-wants-to-go-to-washington-to-fight-for-his-crypto-">unsuccessfully bid</a> for the Massachusetts Senate against Democratic rival Sen.&nbsp;Elizabeth Warren (D-Mass.), who is typically seen as an anti-cryptocurrency crusader.
Deaton's campaign received significant financial support from prominent cryptocurrency industry figures, including the Winklevoss twins, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39852340/elizabeth-warrens-opponent-gets-a-1m-donation-in-bitcoin-from-winklevoss-twins-spent-the-l" target="_blank" rel="noreferrer noopener">who donated $1 million</a> in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the attorney. 
Photos courtesy: Gage Skidmore via Flickr and John Deaton Campaign
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/legal/25/01/42805364/financial-crime-weekly-4-3-billion-paid-to-bernie-madoff-ponzi-scheme-victims-do-kwon-pleads-not-guilty">Financial Crime Weekly: $4.3 Billion Paid To Bernie Madoff Ponzi Scheme Victims, Do Kwon Pleads Not Guilty</a></li>
</ul>

Former Elizabeth Warren Challenger Offers To Lead Federal Probe Into Government's Attempt To Choke Crypto Banking Access

Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) CEO Lourenco Goncalves repeatedly predicted President Joe Biden would block Nippon Steel Corp.&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42792034/biden-blocks-us-steel-deal-whats-next-for-x-stock">proposed $14.9 billion acquisition</a> of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) months before it happened, according to documents submitted to federal regulators.
In at least nine investor calls throughout 2024, Goncalves, whose company&#8217;s own $7 billion bid for U.S. Steel was rejected in August 2023, expressed confidence the deal would fail, reported Reuters on Sunday. 
&#8220;I can&#8217;t force U.S. Steel to sell to me, but I can work my magic to make a deal that I don&#8217;t agree with not to close,&#8221; he told investors during a JP Morgan conference on Mar. 13, according to a letter from Nippon Steel&#8217;s lawyers to CFIUS.
The revelation comes after Biden blocked the Japanese steelmaker&#8217;s bid on Mar. 14, citing national security concerns. The White House stated Goncalves&#8217; comments did not influence the decision. Cleveland-Cliffs and Goncalves declined to comment on the matter.
The deal faced mounting political pressure, with both Biden and President-elect Donald Trump opposing foreign ownership of U.S. Steel, particularly after the United Steelworkers union expressed concerns. U.S. Steel said it will continue fighting for the deal.
Price Action: United States Steel Corp. closed at $30.47 on Friday, down 6.53% for the day. In after-hours trading, the stock slightly recovered by 1.08%. Over the past year, U.S. Steel&#8217;s stock has fallen by 36.98%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. Nippon Steel Corp. is currently trading at 3,150 JPY, down 1.01% at the time of writing this article.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/25/01/42804461/sanders-backs-trumps-credit-cap-carters-passing-trumps-response-to-nola-attack-and-more-this-week-in-politics">Sanders Backs Trump&#8217;s Credit Cap, Carter&#8217;s Passing, Trump&#8217;s Response To NOLA Attack And More: This Week In Politics</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.

NPSCY

Cleveland-Cliffs CEO Predicted Biden's Block $14.9B Nippon Steel-US Steel Deal Months Before Action

Elon Musk is reportedly gearing up to introduce a new Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and cryptocurrency feature called "X Money" on his rebranded platform, X, formerly Twitter.
What Happened: According to a leak reported by influencer Alex Finn and MacRumors contributing researcher Aaron Perris on Friday, "X Money" might launch without needing approval from all 50 states.
<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">&#x1f6a8;BREAKING: X PAYMENTS LAUNCHING IMMINENTLY New X code has just shipped that reveals X Payments will launch WITHOUT approval from all 50 states Meaning X Payments could launch TODAY Creators could start earning WAY MORE money immediately States it will be available: 1.… <a href="https://t.co/8Wej1XrIQK">pic.twitter.com/8Wej1XrIQK</a>
&mdash; Alex Finn (@AlexFinnX) <a href="https://twitter.com/AlexFinnX/status/1874916936032870834?ref_src=twsrc%5Etfw">January 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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 seems like X plans to launch X money in the US before getting approval in all 50 states <a href="https://t.co/M8QBHf3U6S">pic.twitter.com/M8QBHf3U6S</a>
&mdash; Aaron (@aaronp613) <a href="https://twitter.com/aaronp613/status/1874898592181436658?ref_src=twsrc%5Etfw">January 2, 2025</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/25/01/42780776/is-apple-ready-for-a-new-challenge-chinas-smartphone-subsidies-aim-to-boost-domestic-demand-giving-companies-like-huawei-the-upper-hand?itm_source=parsely-api">Apple Rival Huawei, Alibaba And Others Get Boost As China Doles Out Subsidies To Smartphone Buyers</a>
X CEO Linda Yaccarino said earlier this week that payments, including &#8216;X Money,&#8217; will be <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">integrated into the platform</a> in 2025. The idea behind it is to transform X into an &#8220;everything app&#8221; similar to Tencent Holdings Limited&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) WeChat.
X payments' support for cryptocurrency could potentially trigger a bitcoin price surge similar to PayPal Holdings Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) 2021 crypto support, <a href="https://www.forbes.com/sites/digital-assets/2025/01/05/x-money-leak-reveals-elon-musks-game-changing-plan-as-bitcoin-nears-100000-price/">noted</a> Forbes.
Bitcoin&#8217;s value currently hovers around the $100,000 mark. The apex cryptocurrency touched an all-time high of $108,268.45 on Dec. 17, 2024. 
Why It Matters: The potential launch of &#8216;X Money&#8217; comes amid a series of events that have kept Musk in the crypto spotlight.
Last month, <a href="https://www.benzinga.com/24/12/42739155/elon-musk-changes-his-name-to-kekius-maximus-on-x-sending-to-memecoin-skyrocketing-over-600">Musk changed his name</a> on X to &#8220;Kekius Maximus,&#8221; causing a similarly-named meme coin, Kekius Maximus (KEKIUS), to skyrocket over 600% in value. However, KEKIUS<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42758291/elon-musks-return-to-original-x-avatar-causes-coin-themed-on-kekius-maximus-to-crash-90-frog-themed-pepe-slips-as-well"> crashed by 90%</a> when Musk reverted to his original avatar in January.
Musk&#8217;s influence in the crypto market also became evident when an adult-themed meme <a href="https://www.benzinga.com/25/01/42780378/elon-musks-x-post-now-sends-this-adult-themed-crypto-up-175">coin surged 175% after he</a> referenced it in a post on X.
While Musk has not directly commented on Bitcoin recently, his support for Donald Trump in the upcoming U.S. presidential election has been linked to rising Bitcoin prices.
His role as an influential advisor to the President-elect has also fueled speculation about the creation of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378618/musk-fuels-speculation-on-us-bitcoin-reserve-as-crypto-surges">U.S. Bitcoin strategic reserve</a>.
Price Action: Bitcoin is currently priced at $98,247, reflecting a 0.17% increase over the past 24 hours. Its trading volume has risen by 2.45%, reaching $21.52 billion, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Photo Courtesy: Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42781554/tech-youtuber-marques-brownlee-addresses-honey-scam-allegations-as-5-million-lawsuit-rocks-paypal-owned-extension?itm_source=parsely-api">YouTuber Marques Brownlee Addresses Honey Scam Allegations As $5 Million Lawsuit Rocks PayPal-Owned Extension</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

PYPL

TCEHY

Elon Musk's Push For Crypto-Powered 'Everything App' Reflected In 'X Money' Leak As Bitcoin Hovers Around $100K

Leading cryptocurrencies were rangebound Sunday as investors awaited fresh macroeconomic data to assess investments in riskier markets.
<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>+0.20%</td>
<td>$98,435.33</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>-0.44%</td>
<td>$3,644.50</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>-3.07%</td>
<td>$0.3819</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin saw choppy movement, oscillating between $98,700 and $97,300. The world's leading cryptocurrency has regained momentum since New Year, resulting in weekly gains of 4.59%.
Ethereum also stagnated at around the $3,600 level. The coin has endured weeks of corrective action since hitting $4,000 last month.
About $136 million was liquidated from the cryptocurrency market in the last 24 hours, with long positions accounting for 66% of the total.
Bitcoin's Open Interest rose by 0.48%, indicating speculative interest for the leading asset.
That said, the Long/Short Ratio dropped in the last 24 hours, suggesting expectations of further decline in prices.
Market sentiment entered the "Extreme Greed" zone, according to the Crypto 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>Movement (MOVE)</td>
<td>+12.10%</td>
<td>$1.11</td>
</tr>
<tr>
<td>SPX6900 (SPX)</td>
<td>+11.27%</td>
<td>$1.49</td>
</tr>
<tr>
<td>Injective (INJ)</td>
<td>+7.50%</td>
<td>$25.54</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.49 trillion, following a marginal drop of 0.31% in the last 24 hours.
Stock futures edged slightly lower on Sunday evening. The Dow Jones Industrial Average Futures fell 33 points, or 0.08%, as of 7:45 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 dipped 0.07%, while Nasdaq 100 Futures slid 0.08%.
Investors will keep their eyes peeled on the upcoming <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36506821/why-the-december-jobs-report-is-a-crucial-indicator-for-us-economys-trajectory">December jobs report</a>, due on Friday, for hints about the market&#8217;s outlook and the Federal Reserve&#8217;s rate-cut plans.
The NYSE and NASDAQ <a href="https://www.benzinga.com/24/12/42725647/markets-will-close-for-president-jimmy-carters-state-funeral-what-you-need-to-know">will be closed</a> on Thursday to honor former President Jimmy Carter, who died at 100.
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 Bitcoin was back to its previously lost support area of $97,000-$98,000 and the technical uptrend.
"If Bitcoin weekly closes inside this blue area, there&#8217;ll be a good chance of reclaiming that previously lost support into support once again," the analyst remarked.
<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> Since confirming additional downside, Bitcoin dropped into the ~$91000 Weekly support before reversing to the upside Bitcoin is now back at the previously lost support area that is the blue Order Block ($97k-$98k) and the previously lost technical uptrend (orange) If… <a href="https://t.co/qMf2hJz2g6">https://t.co/qMf2hJz2g6</a> <a href="https://t.co/MOdXEmWhwF">pic.twitter.com/MOdXEmWhwF</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1875954197067399207?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Well-known on-chain analyst Ali Martinez called attention to Ethereum's strong move in the ascending parallel channel, painting a target of as much as $6,000.
An ascending parallel channel is a pattern of two parallel lines that slope upward, connecting higher highs and lows. It indicates a bullish trend.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Despite the volatility, <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is holding strong within an ascending parallel channel, pointing towards $6,000! <a href="https://t.co/GKrHvv9mkA">pic.twitter.com/GKrHvv9mkA</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1875854504958320844?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/24/12/42751129/bitwises-bold-approach-new-etf-targets-bitcoin-powerhouses-as-institutional-adoption-soars">Bitwise&#8217;s Bold Approach: New ETF Targets Bitcoin Powerhouses As Institutional Adoption Soars</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Remain Muffled As Investors Await Jobs Data: Top Analyst Says ETH 'Holding Strong' In Pattern Pointing Toward $6K

Jim Cramer indicated potential interest in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) on Sunday, citing their &#8220;protective intellectual blankets&#8221; as key attractors for his investing club portfolio.
What Happened: &#8220;Working on a Sunday brainstorm about buying Palantir and Tesla,&#8221; CNBC&#8217;s Cramer wrote on X. 
The interest comes as Tesla faces scrutiny over its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42792642/tesla-analysts-on-deliveries-ev-stock-could-have-stormy-weather-in-short-term-generational-set-of-growth-opportunities-long-term">fourth-quarter deliveries</a> falling short of analyst expectations. The electric vehicle maker&#8217;s stock closed Friday at $410.44, up 8.22%, despite recent delivery challenges that prompted mixed analyst reactions.
Canaccord Genuity analyst George Gianarikas maintained his bullish stance on Tesla, raising his price target to $404 while highlighting &#8220;a generational set of growth opportunities&#8221; in EVs, autonomy/AI, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42792642/tesla-analysts-on-deliveries-ev-stock-could-have-stormy-weather-in-short-term-generational-set-of-growth-opportunities-long-term">energy storage, and robotics</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">Working on a Sunday brainstorm about buying Palantir and Tesla and the need to do so because of the protective intellectual blankets they give you. Only, of course, for the CNBC Investing Club. Oh why not
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1875942132772696423?ref_src=twsrc%5Etfw">January 5, 2025</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/news/25/01/42804461/sanders-backs-trumps-credit-cap-carters-passing-trumps-response-to-nola-attack-and-more-this-week-in-politics">Sanders Backs Trump&#8217;s Credit Cap, Carter&#8217;s Passing, Trump&#8217;s Response To NOLA Attack And More: This Week In Politics</a>
However, GLJ Research analyst Gordon Johnson struck a more cautionary tone, predicting &#8220;stormy weather&#8221; ahead. Johnson pointed to Tesla&#8217;s production of 459,445 vehicles in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42792642/tesla-analysts-on-deliveries-ev-stock-could-have-stormy-weather-in-short-term-generational-set-of-growth-opportunities-long-term">the fourth quarter of 2024</a>, representing just 78.2% of stated capacity, suggesting potential demand concerns.
Why It Matters: Palantir, riding the AI wave, has seen its stock surge nearly 400% over the past year. The data analytics company closed Friday at $79.89, though Cathie Wood&#8216;s Ark Invest recently <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42801940/cathie-woods-ark-invest-books-profits-on-hot-ai-stock-palantir-sells-bitcoin-etf-shares-as-btc-starts-2025-on-a-positive-note">reduced its position</a>, selling 20,332 shares worth approximately $1.6 million.
Tesla&#8217;s market position remains strong with a $1.33 trillion market cap, despite concerns about average selling prices facing downward pressure. Truist analyst William Stein maintained a Hold rating while lowering the price target to $351, citing expectations of continued pricing <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42792642/tesla-analysts-on-deliveries-ev-stock-could-have-stormy-weather-in-short-term-generational-set-of-growth-opportunities-long-term">pressure to stimulate demand</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42802658/tesla-ceo-elon-musks-20-to-30-sales-growth-target-for-2025-is-not-realistic-says-analyst">Elon Musk &#8216;Likes To Talk Big Numbers&#8217; But His Growth Target For Tesla Is Not &#8216;Realistic,&#8217; Says Analyst</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.

PLTR

Jim Cramer Works 'Sunday Brainstorm' On Buying Palantir And Tesla Stock, Calls Them 'Protective Intellectual Blankets'

Elon Musk took to social media to express his dissatisfaction with the current leadership of the Reform Party, targeting Nigel Farage on Sunday.
What Happened: Musk posted on X, &#8220;The Reform Party needs a new leader. Farage doesn't have what it takes.&#8221; Farage in turn said that Musk&#8217;s loss of confidence came as a surprise to him.
&#8220;I am afraid I disagree,&#8221; said the U.K. leader known for his association with President-elect Donald Trump and his fierce campaign to take the country out of the European Union.
Farage had taken distance from comments made by Musk in support of anti-immigration activist Stephen Yaxley-Lennon also known as Tommy Robinson, who is currently in prison for contempt of court, according to a report from Reuters.
<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">Well, this is a surprise! Elon is a remarkable individual but on this I am afraid I disagree. My view remains that Tommy Robinson is not right for Reform and I never sell out my principles. <a href="https://t.co/V7iccN6usS">https://t.co/V7iccN6usS</a>
&mdash; Nigel Farage MP (@Nigel_Farage) <a href="https://twitter.com/Nigel_Farage/status/1875918844562473373?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Farage said, &#8220;My view remains that Tommy Robinson is not right for Reform and I never sell out my principles.&#8221; 
Farage previously shared a photo of himself with Musk, with a portrait of a young Trump visible in the background. The post prompted a response from Musk, who appeared to align with the idea that Britain needed the Reform Party.
<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">Absolutely
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1869034409799950394?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Notably, Farage had said during the U.S. presidential campaign that he <a href="https://www.benzinga.com/news/24/05/38805726/nigel-farage-brexit-champion-discloses-confidential-job-offer-from-donald-trump-very-heavily-involve">received a job offer</a> from Trump for his U.S. re-election campaign. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42761769/if-you-invested-1000-in-bitcoin-when-vivek-ramaswamy-began-accepting-btc-donations-for-his-presidential-campaign-heres-how-much-youd-have-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1000 In Bitcoin When Vivek Ramaswamy Began Accepting BTC Donations For His Presidential Campaign, Here&#8217;s How Much You&#8217;d Have Today</a>
Why It Matters: Previously, Musk <a href="https://www.benzinga.com/news/24/09/41041174/elon-musk-slams-uk-government-for-releasing-convicted-pedophiles-after-being-reportedly-banned-from">criticized the U.K. government</a> for releasing convicted pedophiles and reportedly banning him from the International Investment Summit due to his social media activity during recent riots. He stated, &#8220;I don&#8217;t think anyone should go to the UK when they&#8217;re releasing convicted pedophiles in order to imprison people for social media posts.&#8221;
More recently, Musk criticized U.K. Prime Minister Keir Starmer and supported a national inquiry into cases of underage exploited girls, which Starmer&#8217;s prosecution service once handled. Starmer, expected to address the issue, highlighted his 2013 reforms for prosecuting pedophile gangs but avoided criticizing Musk, given his ties to Trump, according to a Reuters report.
Musk has dismissed the idea of establishing a Tesla Gigafactory in the U.K., citing the current Labour government as a <a href="https://www.benzinga.com/tech/24/12/42717793/elon-musk-rejects-uk-as-a-possible-gigafactory-location">deterrent for potential investors</a>. &#8220;Very few companies will be willing to invest in the UK with the current administration,&#8221; he wrote.
Photo Courtesy: Flickr
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <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>
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>

Elon Musk Flips On Trump's UK Ally Nigel Farage: 'Doesn't Have What It Takes'

Raising kids is rewarding, but let's be honest—it's expensive. The average cost to raise a child until age 18? According to Northwestern Mutual, it's a <a href="https://www.benzinga.com/money/how-much-do-babies-cost-savings-guide">whopping $300,000</a>, as Business Insider reported. For some parents, those costs came with regrets they wish they'd considered earlier.
Business Insider asked over 3,400 older Americans, aged 48 to 96, about their biggest financial regrets. The responses poured in and many centered around parenting. Some wished they'd waited longer to start a family. Others felt they spent too much—or not enough—on their kids. The bottom line? Decisions made decades ago still echo today.
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
"Babies Are So Precious, But…"
Judy Taylor, 72, from Georgia, loves her children. But looking back, she says <a href="https://www.benzinga.com/personal-finance/24/07/39778022/dave-ramsey-tells-man-and-wife-spending-80-000-a-year-in-child-care-costs-that-they-have-lost-th">having kids</a> in her early 20s wasn't the best financial move. "Babies are so precious," Taylor said to BI. "But having another life to be responsible for can be overwhelming. Just be sure you're ready for that."
Taylor and her husband weren't professionally established when they started their family. After their divorce, she had to shoulder the financial burden as a single parent. Today, she relies on just over $2,000 in Social Security monthly. Missing a check, she said, would leave her "dead in the water."
See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
Planning Ahead Is Key
Jessica Douieb, head of wealth partners at JPMorgan, told BI that the key is planning. Families should focus on short- and long-term goals like education, tax planning, cash-flow management and retirement savings. "A frequent misstep is failing to plan for the long term," Douieb said. Without a plan, she warns, parents could end up working longer and delaying their retirement to support their kids.
For Roxanne Lewis, 61, a mental health case manager, not having a nest egg before <a href="https://www.benzinga.com/personal-finance/24/06/39434605/new-study-surprises-many-as-houston-ranks-among-top-cities-for-affordable-child-raising-families">starting a family</a> made things harder. She relied on child support and food stamps to get by as a single mother. With seven children, she now wishes she'd waited until she had a stable career and savings.
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
No Regrets About the Love, But…
Here's the thing: None of the parents interviewed regretted the love they gave their kids. Many said their financial sacrifices were worth it to build strong family relationships. But they all stressed the importance of being financially prepared before leaping into parenthood.
Raising kids is one of life's biggest joys—and challenges. Whether it's $300,000 or more, knowing what you're getting into financially could save you from tough regrets later on. Plan now so your future self can thank you.
Read Next:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
</ul>

Personal Finance

$300,000 And Counting: The Cost Of A Decision Many Parents Regret

<a href="https://www.benzinga.com/personal-finance/24/10/41145078/billionaire-bill-gates-has-a-bold-plan-to-shrink-the-wealth-of-the-rich-heres-how-he-intends-to-">Bill Gates </a>is turning heads again, but not for anything tech-related. While Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) remains his largest holding (about $15.4 billion) in the Bill &amp; Melinda Gates Foundation portfolio, Gates has been making some surprising moves.&nbsp;
Over the past year, he sold nearly a quarter of his Microsoft stock, but his bold third-quarter buys have everyone talking. Gates put his money into two transportation companies, signaling he's betting big on an industry bounce-back.
Don't Miss:
<ul>
<li>It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>
The S&amp;P 500 Transportation Index had a tough 2024, slipping 0.5% while the overall S&amp;P 500 soared 23%. But Gates seems to see opportunity in the midst of it all.&nbsp;
According to market analysts, his two picks – Paccar and FedEx – reflect a belief that the sector is poised for a turnaround, especially if the economy improves in 2025. These strategic buys are worth a closer look.
Paccar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) might not ring a bell, but it&#8217;s heavy in heavy-duty trucks. The company's Peterbilt and Kenworth brands command 14.9% and 14.7% of the U.S. Class 8 truck market, second only to Freightliner's dominant 36.5% share, as reported by ATD.&nbsp;
See Also: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
These massive trucks, weighing over 33,000 pounds, are critical to the economy and Paccar's performance reflects that.
Paccar had a strong start to 2024, with a quarterly revenue of $8.74 billion in the first quarter. But as truckload demand dipped, the momentum faded. Still, signs of a recovery are emerging. Kenny Vieth, president of ACT Research, told Transport Topics, "We're in the early stages of building 2025 backlogs and November orders were up 21% from October."&nbsp;
Gates scooped up one million Paccar shares at around $100 each, a $100 million <a href="https://www.benzinga.com/startups/24/10/41312615/investors-pour-billions-into-openai-whats-driving-this-unprecedented-surge-in-funding">investment </a>in a company he believes has long-term promise.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
Then there's FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), a logistics powerhouse navigating turbulence. Its third-quarter report fell short of expectations and the company revised its full-year forecast downward, unsettling investors. But Gates saw an opportunity, snapping up another one million shares at an average of $273 each.
FedEx has been shaking things up internally. The company announced plans to spin off its less-than-truckload freight division, FedEx Freight, into a stand-alone business. According to Bloomberg, this division pulled in $9.4 billion in 2023 and could become a growth driver as FedEx sharpens its focus on core operations.&nbsp;
The move is part of its broader DRIVE initiative, which aims to make the company more efficient and flexible. Analysts believe this will streamline FedEx's operations and position it for growth if the economy rebounds.
Read Next:
<ul>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>

Startups

PCAR

'A $2M Bet On Recovery': Bill Gates Quietly Buys 2 Stocks He Believes Will Define 2025's Economic Boom

Elon Musk announced a significant &#8220;algorithm tweak&#8221; on the social media platform X, formerly known as Twitter. This move aims to mitigate the &#8220;excessive negativity&#8221; that has been a growing concern on the platform.
What Happened: Elon Musk made the announcement via an X post, stating his goal&nbsp;to &#8220;maximize unregretted user-seconds.&#8221; 
Musk took the reins of Twitter in October 2022 and reinstated several previously suspended conservative figures, including President-elect Donald Trump, who was removed from the platform following the Capitol Hill riot on Jan. 6, 2021.
<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">Algorithm tweak coming soon to promote more informational/entertaining content. We will publish the changes to <a href="https://twitter.com/XEng?ref_src=twsrc%5Etfw">@XEng</a>. Our goal is to maximize unregretted user-seconds. Too much negativity is being pushed that technically grows user time, but not unregretted user time.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1875355425601999255?ref_src=twsrc%5Etfw">January 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk has been at the center of several controversial interventions on X. His latest announcement regarding the algorithm change has elicited a range of reactions from social media users.
Also Read: <a href="https://www.benzinga.com/news/24/12/42716098/musk-to-arnault-heres-a-look-at-2024s-billionaire-boom-and-bust-who-gained-and-who-lost">Musk To Arnault: Here&#8217;s A Look At 2024&#8217;s Billionaire Boom and Bust, Who Gained and Who Lost</a>
Musk has stated that the new algorithm will prioritize more informational and entertaining content. He also mentioned that they are exploring ways for users to dynamically adjust their content feed.
Why It Matters: Musk&#8217;s decision to tweak the algorithm comes at a time when social media platforms are under scrutiny for their content moderation policies. 
The move is seen as an attempt to balance freedom of speech with the need to maintain a positive and respectful discourse on the platform. However, the impact of this algorithm change on the platform and its users remains to be seen. 
As the platform continues to evolve under Musk&#8217;s leadership, users and observers alike will be keenly watching the changes and their effects on the platform&#8217;s user experience and overall atmosphere.
Read Next
<a href="https://www.benzinga.com/news/24/02/37301290/elon-musk-is-still-attempting-to-defend-hateful-speech-amid-xs-growing-pains-and-public-backlash-rep">Elon Musk Is Still Attempting To Defend Hateful Speech Amid X&#8217;s Growing Pains And Public Backlash</a>
Image: Shutterstock

Comments

Invesco BulletShares 2032 Corporate Bond ETF

News

Latest news for Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW)

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga