Latest news for CV Holdings (OTC:CVHL) Stock

CV Holdings Inc is a specialty finance company with ownership in finance platforms across multiple businesses, including small-ticket equipment financing and commercial real estate bridge lending.

CV Holdings Inc

Zepp Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZEPP#NYSE">ZEPP</a>) reported quarterly losses of $(0.15) per share. This is a 15.38 percent decrease over losses of $(0.13) per share from the same period last year. The company reported $40.60 million in sales this quarter. This is a 54.59 percent decrease over sales of $89.40 million the same period last year.

Earnings

News

ZEPP

Zepp Health Q2 EPS $(0.15) Down From $(0.13) YoY, Sales $40.60M Down From $89.40M YoY

The lawsuit accusing Elon Musk&#8217;s Twitter, now known as X, of discriminating against employees with disabilities has been dismissed by a federal judge.
What Happened: On Wednesday, U.S. District Judge Araceli Martinez-Olguin in San Francisco dismissed a lawsuit against X, which alleged that the company forced out employees with disabilities after Musk took over and prohibited remote work, Reuters reported. 
The judge stated that the plaintiff, Dmitry Borodaenko, failed to demonstrate how Musk&#8217;s return-to-office mandate specifically affected employees with disabilities.
Borodaenko, a former engineering manager and cancer survivor, claimed he was fired for refusing to return to the office during the COVID-19 pandemic after Musk acquired X, then known as Twitter. The lawsuit alleged that X violated a federal law that requires employers to accommodate workers&#8217; disabilities.
&#8220;Borodaenko's theory improperly relies on the assumption that all employees with disabilities necessarily required remote work as a reasonable accommodation,&#8221; Martinez-Olguin wrote.
See Also: <a href="https://www.benzinga.com/markets/equities/24/08/40453581/nvidia-amd-alzamend-neuro-palo-alto-networks-tesla-why-these-5-stocks-are-on-investors-radars-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">NVDA, AMD, ALZN, PANW, TSLA: Top 5 Trending Stocks Today</a>
Martinez-Olguin ruled that the ban on remote work did not constitute disability discrimination, giving Borodaenko four weeks to file an amended lawsuit with more detailed claims. This lawsuit is one of several filed by former employees following Musk&#8217;s $44 billion acquisition of the company. Approximately 85% of X&#8217;s <a href="https://www.benzinga.com/news/24/07/39702644/elon-musks-x-corp-wins-500m-severance-lawsuit-judge-rules-laid-off-twitter-employees-claims-not-cove">workforce was laid off</a> after Musk acquired the company.
Why It Matters: The dismissal of Borodaenko&#8217;s lawsuit comes amid a broader debate on remote work policies. Starbucks and other major companies have faced scrutiny for allowing <a href="https://www.benzinga.com/news/management/24/08/40444800/will-remote-work-come-back-starbucks-ceo-says-rules-for-thee-not-for-me">top executives to work remotely</a> while requiring lower-level employees to return to the office. This disparity highlights ongoing tensions in the corporate world regarding remote work.
Kevin O&#8217;Leary has publicly challenged <a href="https://www.benzinga.com/news/23/07/33133111/kevin-oleary-challenges-elon-musks-immoral-view-on-remote-work-they-aint-coming-into-the-office-peri">Musk&#8217;s view on remote work</a>, labeling it &#8220;immoral.&#8221; O&#8217;Leary&#8217;s stance resonates with a significant portion of the American workforce, as a McKinsey &amp; Co. study revealed that 87% of U.S. employees prefer flexible work arrangements.
Musk&#8217;s return-to-office <a href="https://www.benzinga.com/news/22/06/27537769/elon-musks-return-to-work-or-quit-notice-to-tesla-employees-flops-in-germany-report">policies have met resistance</a> in the U.S. and beyond. In Germany, Tesla Inc. employees in 2022 opposed similar mandates, backed by the IG Metall union.
Additionally, a survey by Bamboo HR found that some executives use <a href="https://www.benzinga.com/24/07/39945751/bosses-admit-using-return-to-office-mandate-to-get-workers-to-quit-survey">return-to-office mandates</a> to induce voluntary resignations, a tactic seen during the &#8220;Great Resignation.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40453739/elon-musk-sends-dogecoin-spiking-with-ai-generated-image-says-willing-to-serve-in-governme?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Sends Dogecoin Spiking With AI-Generated Image, Says &#8216;Willing To Serve&#8217; In Government Department That Spells D.O.G.E.</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Social Media

Legal

Elon Musk's X Gets A Win Amid Legal Troubles As Judge Tosses Out Disability Discrimination Lawsuit Citing Insufficient Evidence Tied To Remote Work Ban

<ul>
<li>The AWS Asia Pacific (Malaysia) Region gives customers more choice to run workloads and securely store data in Malaysia while serving end users with even lower latency</li>
<li>New Region reflects AWS&#39;s long-term commitment to meeting high demand for cloud services in Malaysia and across Asia Pacific</li>
<li>AWS plans to invest more than&nbsp;$6.2 billion&nbsp;(approx. MYR 29.2 billion) and support an average of more than 3,500 full-time equivalent jobs annually in Malaysia through 2038</li>
<li>Active customers in Malaysia include Bursa Malaysia, CelcomDigi, GX Bank Berhad, PayNet, Petroliam Nasional Berhad, the Department of Broadcasting Malaysia, Tenaga Nasional Berhad, and many others innovating on AWS</li>
</ul>

AMZN

Reported Earlier, AWS Expands Asia Pacific Presence With New Malaysia Region, Pans To Invest Around $6.2B

VRAX

Reported Earlier, Virax Biolabs Announces $5M Registered Direct Offering Of 1,108,892 Common Shares At $4.50/Share

YOTA

Reported Earlier, Yotta Acquisition And DRIVEiT Financial Auto Group Ink Definitive Merger Deal

Macro Economic Events

Econ #s

Economics

France Services Purchasing Managers Index Preliminary For August 55.0 Vs. 50.2 Est.; 50.1 Prior

France Manufacturing Purchasing Managers Index Preliminary For August 42.1 Vs. 44.4 Est.; 44.0 Prior

AI firm Midjourney has announced that its web experience is now available to everyone, amid ongoing controversy over unauthorized use of artists&#8217; work.
What Happened: Midjourney made a public announcement stating that its web experience is now open to everyone and is temporarily offering free trials. 
In a video posted on X, Midjourney explained how to use the tool on its website. The new website comes after years of being confined to Discord and allowing selective accessibility for an &#8220;alpha&#8221; website for those who generate a certain number of images.
David Holz, founder of Midjourney, wrote on<a href="https://discord.com/channels/662267976984297473/952771221915840552/1275863945051377734"> Discord</a> that the website will allow free trials of up to 25 images. New users can sign up using either their Google or Discord logins and can merge both accounts.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Midjourney web experience is now open to everyone. We&#39;re also temporarily turning on free trials to let you check it out. Have fun! <a href="https://t.co/rcmP0UD8PV">pic.twitter.com/rcmP0UD8PV</a>
&mdash; Midjourney (@midjourney) <a href="https://twitter.com/midjourney/status/1826305298560418171?ref_src=twsrc%5Etfw">August 21, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/gaming/24/08/40472835/take-two-interactive-software-shares-are-trading-higher-today-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Take-Two Interactive Software Shares Are Trading Higher Today: What&#8217;s Going On</a>
Why It Matters: This announcement comes in the wake of a series of controversies that have plagued the company. Earlier this year, Midjourney was embroiled in a scandal when a<a href="https://www.benzinga.com/news/24/01/36528377/from-van-gogh-to-walt-disney-to-andy-warhol-and-even-a-6-year-old-kid-midjourney-ais-massive-art-dat"> Google Sheet surfaced</a>, revealing a list of artists whose work was used to train its AI program. This sparked widespread backlash as it included a range of artists, from contemporary and modern blue-chip names to successful illustrators for corporations like Hasbro and Nintendo, even including a six-year-old child.
The controversy escalated when a<a href="https://www.benzinga.com/general/24/02/37398914/the-4-700-artist-ai-controversy-artists-accuse-midjourney-and-other-ai-firms-of-unauthorized-use-in"> lawsuit was filed </a>accusing Midjourney and other AI firms of unauthorized use of copyrighted works. The companies were alleged to have used a list of over 4,700 artists, including renowned figures like Norman Rockwell and Wes Anderson, to train their generative AI systems to produce artwork.
The AI art generator industry has been under scrutiny, with other companies such as Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Elon Musk-led xAI&#8217;s chatbot Grok also facing criticism. Microsoft launched its <a href="https://www.benzinga.com/news/24/07/39830846/microsoft-outpaces-apple-introduces-designer-ai-image-generation-tool-for-the-iphone">AI image generation tool</a>, Microsoft Designer, as a free iOS app, while Grok stirred controversy by <a href="https://www.benzinga.com/news/24/08/40389015/elon-musks-grok-ai-chatbot-creates-controversy-by-allowing-users-to-generate-no-filter-images-includ">generating offensive and bizarre images</a> of political figures and celebrities.
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image by Wesley Fryer via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Tech

General

MSFT

Midjourney Opens Web Experience To All Amid Controversy Over Unauthorized Use Of Artists' Work

The U.S. National Transportation Safety Board said on Wednesday that it is opening a safety investigation into the crash involving a Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Semi truck in California earlier this month.
What Happened: The investigation will be conducted in coordination with the California Highway Patrol, the agency said in a post on social media platform X. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The NTSB, in coordination with the California Highway Patrol, has opened a safety investigation into the August 19th crash and fire involving a Tesla electric powered truck tractor on Interstate 80 near Emigrant Gap, California.
&mdash; NTSB Newsroom (@NTSB_Newsroom) <a href="https://twitter.com/NTSB_Newsroom/status/1826430280220999771?ref_src=twsrc%5Etfw">August 22, 2024</a></blockquote>
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Tesla did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment on the investigation.
The accident occurred on Aug. 19 on Interstate 80 near Emigrant Gap, California. The Tesla Semi ran off the road at about 3 a.m. on Monday and the vehicle&#8217;s battery subsequently caught fire. The incident caused a traffic standstill for several hours. 
Why It Matters: The Tesla Semi is currently in pilot production. Several companies are piloting the truck in their fleets including PepsiCo and <a href="https://www.benzinga.com/news/24/08/40479233/new-jersey-based-logistics-provider-nfi-industries-joins-pepsico-in-piloting-tesla-semi-trucks">third-party&nbsp;logistics&nbsp;provider</a>&nbsp;NFI Industries. 
Tesla is&nbsp;<a href="https://www.benzinga.com/markets/equities/24/04/38395098/tesla-unveils-timeline-for-electric-semi-truck-production-first-units-to-external-customers-by-2" target="_blank" rel="noreferrer noopener">on track to start production</a>&nbsp;of the Semi by the end of 2025. The company is now working on the preparation of the high-volume Semi factory at the Nevada gigafactory, with an eventual target capacity of 50,000 units a year,&nbsp;Tesla Semi Truck Engineering Senior Manager&nbsp;Dan Priestly said in May.
As per comments from Tesla executive&nbsp;Lars Moravy&nbsp;in April, Tesla will commence production of the Semi in late 2025 but vehicles will start rolling out to external customers only in 2026.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40482862/former-tesla-exec-says-harris-not-trump-will-be-far-better-for-ev-giants-long-term-success-still-tru">Former Tesla Exec Says Harris, Not Trump, Will Be &#8216;Far Better&#8217; For EV Giant&#8217;s Long-Term Success: &#8216;…Still Trust Kamala More Even On The Issues Where I&#8217;d Generally Prefer A Republican&#8217;</a></li>
</ul>
Photo courtesy: Tesla

Government

TSLA

U.S. Transportation Safety Board Opens Investigation Into Tesla Semi Crash And Fire In California

Vice President Kamala Harris stirred up the hornet&#8217;s nest by hinting at a <a href="https://www.benzinga.com/government/24/08/40485064/wall-street-labels-kamala-harris-proposed-tax-on-unrealized-gains-as-dumb-move-opposite-of-creating">potential tax on unrealized capital gains </a>and hedge-fund manager Bill Ackman on Wednesday joined the debate with his view on the same.
What Happened: Ackman was responding to independent journalist Lee Fang&#8217;s point on people in the $10 billion+ range of wealth skirting tax payment. While acknowledging that there were problems with the tax on unrealized gains proposal, Fang said, &#8220;The people in the $10 billion+ range of wealth pay nearly zero income taxes, borrow till death, then heirs get a cost basis reset to pay zero capital gains,&#8221; he said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The way to fix this problem is to make borrowing an amount in excess of your basis in a stock taxable. In other words, if you have $10 billion of stock in a company you founded with zero basis, loans secured by the stock should be taxable as if you sold a like amount of stock.… <a href="https://t.co/uOcfYYfAAP">https://t.co/uOcfYYfAAP</a>
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1826361874654658880?ref_src=twsrc%5Etfw">August 21, 2024</a></blockquote>
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The substack author clarified that he was not referring to the top 1% who pay a lot of income taxes but about the top 500 billionaires in America, the top 0,0001%. He noted that the Walton family tied to retail giant Walmart set a precedence by defeating the Internal Revenue Service in tax court and since then many have used Grantor Retained Annuity Trusts and other schemes.
See Also: <a href="https://www.benzinga.com/money/cryptocurrency-tax-guide">Beginner's Guide: How to File Crypto Taxes in 2024</a>
Ackman, the founder of Pershing Square Holdings, said the way to fix the problem is to make borrowing an amount in excess of one&#8217;s basis in a stock taxable. Explaining further, he noted that if one possesses $10 billion in stock in a company he founded with zero basis, loans secured by the stock should be taxable as if a like amount of stock was sold. &#8220;If you borrowed $1 billion you would have a capital gain of $1 billion,&#8221; he said.
&#8220;This would be both fair and practical to implement,&#8221; he added.
Ackman said for this a step up in basis equal to the loan amount should be done.
Why It&#8217;s Important: Democratic presidential candidate Harris hinted at the party&#8217;s national convention earlier this week that she supported an annual 25% minimum tax on the unrealized gains of individuals with income and assets that exceed $100 million.
Wall Street analysts and strategists cried foul over the proposal, with Fund Strat Head of Research Tom Lee, calling it a &#8221; very unstable tax policy,&#8221; which would penalize those investing with a long-term perspective. New Street Research's Pierre Ferragu called it a &#8220;dumb&#8221; proposal.
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<li>Lawmakers Made Huge Investments This Year.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image Via Shutterstock

Analyst Color

Regulations

Politics

Bill Ackman Proposes 'Fair And Practical' Billionaire Tax Plan Amid Kamala Harris' Push To Tax Unrealized Gains

Reported Earlier, Ecopetrol Secures Upto $250M Loan Authorization from International Bank: Five-Year Term With Variable Interest

El Salvador is set to provide Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) education and certification to 80,000 public servants as part of a nationwide drive to integrate the leading cryptocurrency into its governance.
What Happened: Stacy Herbert, Director of El Salvaodor&#8217;s National Bitcoin Office, announced that a new Bitcoin module would be part of the Higher School of Innovation in Public Administration (ESIAP), an initiative established by President Nayib Bukele in 2021. 
&#8220;Thousands of El Salvador&#8217;s civil servants will soon receive the highest standard of instruction on Bitcoin,&#8221; Herbert said. &#8220;And this will have the compounding effect of excellence begetting more excellence in El Salvador, the home of new capital markets on Bitcoin.&#8221;
Herbert stated that more such announcements on Bitcoin education policy were in the pipeline, and next one could make one go &#8216;WOW.&#8217;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f1f8;&#x1f1fb;EL SALVADOR CONTINUES TO TRAILBLAZE! El Salvador will soon begin providing <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> instruction and certification to 80,000 public servants. <a href="https://t.co/gG9tMPvnPa">https://t.co/gG9tMPvnPa</a>
&mdash; The Bitcoin Office (@bitcoinofficesv) <a href="https://twitter.com/bitcoinofficesv/status/1825999325056704903?ref_src=twsrc%5Etfw">August 20, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40498543/amid-heated-trump-harris-battle-crypto-industry-pours-unprecedented-119m-into-2024-electio">Amid Heated Trump-Harris Battle, Crypto Industry Pours &#8216;Unprecedented&#8217; $119M Into 2024 Elections &#8211; Here Are The Biggest Donors</a>

Why It Matters: This announcement comes in the wake of El Salvador&#8217;s pioneering embrace of Bitcoin, which was adopted as legal tender in the country in 2021. The nation has since been making strides in integrating the cryptocurrency into its public administration and economic infrastructure.
Earlier in June, President Bukele proposed the <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39355769/el-salvadors-president-bukele-proposes-bitcoin-bank-to-attract-billions">establishment of a Bitcoin bank</a> just two weeks into his second term. 
Moreover, the country&#8217;s ambitious &#8216;Bitcoin City&#8217; project <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40330518/nayib-bukeles-bitcoin-city-project-in-el-salvador-attracts-1-6b-investment-from-turkey-bas">attracted a $1.6 billion investment</a> from a Turkey-based company, last week, marking the largest private investment in the nation&#8217;s history.
The country has adopted a plan&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37763988/pro-bitcoin-president-nayib-bukele-says-el-salvador-will-purchase-btc-daily-until-king-cry" target="_blank" rel="noreferrer noopener">to buy one Bitcoin every day</a>, and currently holds <a href="https://bitcoin.gob.sv/">5,849.76&nbsp;BTC,</a> worth more than $355 million in reserves. 
Price Action: At the time of writing, Bitcoin was trading just below $60,738.81, up 2.51% 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>.
Photo Courtesy: Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40447771/kamala-harris-may-reportedly-nominate-sec-chair-gary-gensler-as-treasury-secretary-if-elec?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris May Reportedly Nominate SEC Chair Gary Gensler As Treasury Secretary If Elected</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.

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

Cryptocurrency

Markets

$BTC

Bitcoin Training For Civil Servants On The Cards In Nayib Bukele-Led El Salvador

CN&nbsp;has formally locked out employees represented by the Teamsters Canada Rail Conference (TCRC) as of Aug. 22 at 00:01 ET, after the union did not respond to another offer by CN in a final attempt to avoid a labour disruption.
This offer improved wages and would have seen employees work less days in a month by aligning hours of service in the collective agreement with federally mandated rest provisions. The offer also proposed a pilot project for hourly rates and scheduled shifts on a portion of the network as CN continues to believe this is a better and more predictable framework for our employees.
Without an agreement or binding arbitration, CN had no choice but to finalize a safe and orderly shutdown and proceed with a lockout.

Canadian National Railway Locks Out Teamsters Canada Rail Conference Members Amid Failed Negotiations

Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) shares fell by over 4% in after-hours after Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) reduced its stake in the Texas-based stock broker. It also announced that it is setting aside a further $2.6 billion to cover potential fines related to deficiencies in its anti-money laundering program.
What Happened: The additional provision for potential fines is part of TD Bank&#8217;s ongoing efforts to reach a global resolution of the civil and criminal investigations into its U.S. Bank Secrecy Act/anti-money laundering program by its U.S. prudential regulators, the Financial Crimes Enforcement Network, and the U.S. Department of Justice.
The bank has also sold 40.5 million shares of Schwab&#8217;s common stock, reducing its ownership interest in Schwab from 12.3% to 10.1%. TD has agreed not to sell any additional Schwab shares for 45 days.
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40436599/us-stocks-set-to-start-week-on-flat-note-as-focus-shifts-to-fed-speeches-strategist-says-strong-gai?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq On Track For Marginally Weak Start, S&amp;P 500 Could Hold Up: What&#8217;s Driving Futures</a>
&#8220;We recognize the seriousness of our U.S. AML program deficiencies and the work required to meet our obligations and responsibilities is of paramount importance,&#8221; TD CEO Bharat Masrani said in a statement. &#8220;Our remediation program is well underway. TD has strengthened its U.S. AML program.&#8221;
Why It Matters: Schwab recently reported a significant rise in core net new assets for July 2024, reaching $29 billion, a substantial increase from the $13.7 billion recorded in July 2023. This sale reduces TD Bank&#8217;s ownership in Schwab from 12.3% to 10.1%, potentially impacting its future earnings from this investment.
Price Action: Toronto-Dominion Bank&#8217;s stock closed at $59.76 on Wednesday, up 0.56% for the day. In after-hours trading, the stock edged up by an additional 0.15%. Year to date, the stock has declined by 7.02%.
Meanwhile, Charles Schwab Corporation&#8217;s stock finished the day at $64.57, down 0.42%. After hours, the stock saw a more significant drop of 4.04%. Year to date, Charles Schwab&#8217;s stock has decreased by 6.56%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40453651/elon-musk-in-a-trump-cabinet-ex-president-calls-tesla-ceo-a-very-smart-guy-hints-at-scrapping-7-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk In A Trump Cabinet? Ex-President Calls Tesla CEO A &#8216;Very Smart Guy&#8217; — Hints At Scrapping $7,500 EV Tax Credit</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

SCHW

Charles Schwab Shares Drop Over 4% After-Hours As TD Bank Cuts Stake Following $2.6B Anti-Money Laundering Fine Provision

Canadian Pacific Kansas City has locked out employees who are members of the Teamsters Canada Rail Conference (TCRC) &ndash; Train and Engine (T&amp;E) division effective&nbsp;00:01 Eastern Time&nbsp;on&nbsp;Aug. 22.
That will be followed by the lock out of employees who are members of the&nbsp;TCRC &ndash; Rail Traffic Controller (RCTC) division effective&nbsp;00:01 Mountain Time&nbsp;on&nbsp;Aug. 22.

Canadian Pacific Kansas City Enforces Lockout Of Teamsters Canada Rail Conference Members, Halting Canadian Rail Network Operations

Highlights and Subsequent Events
<ul>
<li>Another strong quarter for shipping with daily TCE of US$ 49,660 per available day and US$ 48,030 per calendar day.</li>
<li>Generated NPAT of US$ 85 million or earnings per share of US$ 0.58. Declared a Q2 2024 cash dividend of US$ 0.58 per share amounting to US$ 76.4 million, representing 121% of Shipping NPAT and 100% of total earnings.</li>
<li>For the third quarter of 2024, we have fixed ~86% at an average rate of ~US$ 43,000 per available day.</li>
<li>BW Product Services generated a net accounting profit of US$ 15.7 million in Q2 after adjusting for G&amp;A and tax provisions.</li>
<li>Announced the acquisition of 12 VLGCs from Avance Gas at a total purchase price of US$ 1,050 million. Closing of the transaction will take place on a vessel-by-vessel basis with targeted completed by 31 December 2024.</li>
<li>Successfully completed the redomiciliation from Bermuda to Singapore on 1 July 2024.</li>
<li>The BW LPG US listing has broadened investor access and strengthened our capital market activities with ~230,000 daily trading volume. The additional listing has supported share price development during the quarter</li>
</ul>

BWLP

BW LPG Reported Q2 EPS $0.58 Down From $0.59 YoY, Profit After Tax $84.9M Up From $78.2M YoY

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) senior executive Ashok Elluswamy said on Wednesday that the company&#8217;s <a href="https://www.benzinga.com/topic/tesla-fsd">full self-driving (FSD) driver assistance technology</a> is expected to be rolled out on its Cybertruck vehicles in September, marking a delay from the previous timeline issued by company CEO Elon Musk.
What Happened: The company will initially start rolling out parking assistance features on the Cybertruck and FSD later as the vehicle &#8220;ain&#8217;t exactly the easiest vehicle to park,&#8221; Elluswamy said on social media platform X. 
The initial release of parking assistance features is slated for the end of this week and FSD for September, he added. Elluswamy is the director of autopilot software at Tesla. 
Tesla took to X via its Cybertruck profile to mellow the executive&#8217;s comment on the angular vehicle&#8217;s ease of parking and wrote, &#8220;Calling me complicated, ok!&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"Not the easiest vehicle to park" Calling me complicated, ok!
&mdash; Cybertruck (@cybertruck) <a href="https://twitter.com/cybertruck/status/1826374327832641846?ref_src=twsrc%5Etfw">August 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The Cybertruck is Tesla&#8217;s latest vehicle offering. The company started delivering it in November and several customers have <a href="https://www.benzinga.com/news/24/07/39808526/cybertruck-curiosity-grips-tesla-shareholders-as-elon-musk-led-ev-giant-starts-taking-questions-for">requested access to FSD technology </a>since. 
Musk has previously provided multiple timelines for the rollout of FSD on Cybertruck.
In May, the CEO said that FSD would roll out on Cybertruck in <a href="https://www.benzinga.com/news/24/07/39855931/elon-musk-says-tesla-will-deploy-fsd-in-cybertrucks-with-version-12-5-stays-mum-on-fresh-timeline-af">late June</a> with version 12.5 of the FSD software. Version 12.5 started rolling out to Tesla vehicles in July but Cybertruck did not get access as promised. 
In late July, Musk said that the stainless steel trucks should get <a href="https://www.benzinga.com/news/24/07/40005002/tesla-ceo-elon-musk-gives-fresh-timeline-for-fsd-access-on-cybertruck-says-it-should-be-coming-out-i">FSD access in August </a>but it seemingly won&#8217;t happen even this month. 
FSD, Musk has previously said, will enable vehicle autonomy in the future. However, it presently requires active driver supervision.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40481070/tesla-recalls-over-9k-units-of-older-model-x-suvs-over-concerns-of-cosmetic-trim-pieces-on-roof-fall" target="_blank" rel="noreferrer noopener">Tesla Recalls Over 9K Units Of Older Model X SUVs Over Concerns Of Cosmetic Trim Pieces On Roof Falling Off</a></li>
</ul>
Photo courtesy: Shutterstock

Tesla Delays Elon Musk's Timeline Yet Again For Cybertruck FSD Rollout, This Time To September

Aegon H1 Operating Results €750M Down From €818M YoY, Net Loss €65M, Up Form €199M YoY

Neuralink, the brain-computer interface company founded by Elon Musk, has announced that its <a href="https://www.benzinga.com/general/biotech/24/08/40199755/neuralink-implants-brain-device-in-second-human-elon-musk-plans-8-more-trials-this-year">second trial patient</a> is successfully using design software and playing video games. 
What Happened: In a blog post on Wednesday, Neuralink revealed that the second patient, known as &#8220;Alex,&#8221; has so far&nbsp;avoided the issue that nearly&nbsp;<a href="https://www.benzinga.com/news/24/05/38847624/elon-musks-neuralink-was-aware-of-brain-wire-issue-for-years-report">derailed the first patient&#8217;s implant</a>.
&#8220;To reduce the probability of thread retraction in our second participant, we implemented a number of mitigations, including reducing brain motion during the surgery and reducing the gap between the implant and the surface of the brain,&#8221; the blog post stated.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/08/40478216/amazon-web-services-ceo-predicts-ai-could-soon-dominate-coding-being-a-developer-in-2025-may-be-diff?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Web Services CEO Predicts AI Could Soon Dominate Coding: &#8216;Being A Developer In 2025 May Be Different Than What It Was… In 2020&#8217;</a>
Alex was an automotive technician. He wanted to learn how to design 3D objects using computer-aided design (CAD) software. He designed a custom mount for his Neuralink charger on the second day of using Link, said the company.
&#8220;I'm already super impressed with how this works,&#8221; stated Alex, adding, &#8220;Taking an idea, putting it as a design, and actually having a physical item as a finished product makes me feel like I'm building things again.&#8221;
Previously, Musk revealed that Neuralink plans to implant eight more people this year.
On Thursday, he also took to X, formerly Twitter, and said that if all goes as planned, there could be hundreds of people with Neuralink implants within a few years.
&#8220;If all goes well, there will be hundreds of people with Neuralinks within a few years, maybe tens of thousands within 5 years, millions within 10 years,&#8221; Musk posted.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Update about the second Neuralink device in a human. If all goes well, there will be hundreds of people with Neuralinks within a few years, maybe tens of thousands within 5 years, millions within 10 years, … <a href="https://t.co/opy1xj5JgF">https://t.co/opy1xj5JgF</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1826409318578565326?ref_src=twsrc%5Etfw">August 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The first patient, Noland Arbaugh, experienced a decline in&nbsp;the performance of his <a href="https://www.benzinga.com/general/24/03/37486749/elon-musks-first-neuralink-patient-made-a-full-recovery-but-the-fda-and-some-doctors-have-concerns-a">Neuralink&nbsp;implant&nbsp;about a month</a> after his&nbsp;January surgery. However,&nbsp;the company was able to&nbsp;restore Arbaugh&#8217;s capabilities&nbsp;after some tweaks to its&nbsp;algorithms.
Earlier, Musk has also outlined Neuralink&#8217;s ambitious goal saying the company <a href="https://www.benzinga.com/news/24/07/39728003/elon-musk-says-over-1-000-neuralink-chip-implantations-achievable-in-2026">intends to achieve 1,000 Neuralink chip</a> implantations by 2026.
<a href="https://www.benzinga.com/news/24/06/39138007/elon-musks-neuralink-incredible-technology-can-make-humans-superhuman-says-ai-expert-but-warns-of-fu">Experts suggest that Neuralink&#8217;s</a> technology could have significant impacts, not only in medical fields, such as restoring movement in paralyzed patients but also in enhancing human abilities.
Neuralink is also encountering some competition in this field. In June, it was <a href="https://www.benzinga.com/news/24/06/39432738/elon-musks-neuralink-rival-paradromics-gears-up-for-human-trials-of-brain-implant">reported that neurotech startup</a> Paradromics is gearing up to begin human trials of its brain implant.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40386274/google-says-opening-up-its-app-store-is-expensive-and-too-much-work-gets-told-by-judge-were-going-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Says Opening Up Its App Store Is Expensive And Too Much Work, Gets Told By Judge, &#8216;We&#8217;re Going To Tear The Barriers Down&#8217;</a></li>
</ul>
Disclaimer: 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.

Elon Musk Sees Millions Of People Having His Brain Chip Implanted In Next Decade After Second Patient Says 'Already Super Impressed' With Neuralink

China&#8217;s electric vehicle industry, which has been thriving, may not be able to replicate the offshoring strategy that helped Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and Honda Motor Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) achieve global success, according to an expert.
What Happened: Alicia Garcia-Herrero, a senior research fellow at the Brussels-based economic think tank Bruegel, and the chief economist for Asia-Pacific at investment bank Natixis in Hong Kong, wrote an opinion <a href="https://asia.nikkei.com/Opinion/China-s-EV-makers-can-t-follow-Japan-s-flying-geese-offshoring-strategy">piece</a> for Nikkei Asia on Tuesday. 
She pointed out that the offshoring strategy that helped Japanese automakers in the 1980s might not be as effective for China&#8217;s EV industry.
Garcia-Herrero explained that the success of China&#8217;s EV industry can be attributed to a combination of factors including industrial policy, hard work, a competitive environment, and technological transfer from foreign companies. However, she warned that the industry faces growing risks, including protectionism and a potential delay in countries&#8217; decarbonization paths.
The reduction of subsidies post-COVID and a sluggish economic recovery have shifted focus towards exports, as per Garcia-Herrero. In 2023, Chinese EV exports surged by 22%, compared to a 2.7% increase in 2019.
She noted that the offshoring strategy that helped Japanese automakers in the 1980s might not be as effective for China&#8217;s EV industry due to several reasons. Firstly, labor costs in Japan were much higher in the 1980s than they are now in China, which made offshoring production more attractive to Japanese automakers. 
Secondly, China is facing a shortage of jobs now with high youth unemployment, while Japan was in full employment with an overheated labor market. Thirdly, China&#8217;s ecosystem in terms of suppliers and trade infrastructure, coupled with many trade agreements, makes it easy for the nation to export, possibly more so than for Japan in the 1980s. 
Finally, China is facing protectionism when it comes to setting up plants in other countries, which reduces the choices of the markets where it can be located.
&#8220;China would find it cheaper and more efficient to produce overseas but geopolitical reasons push against the offshoring argument. All in all, it appears that China&#8217;s &#8220;flying geese&#8221; will fly less than the Japanese ones of the 1980s, at least for the time being,&#8221; Garcia-Herrero wrote. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/08/40466130/whats-going-on-with-lucid-group-stock-on-tuesday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Lucid Group Stock On Tuesday?</a>
Why It Matters: The Chinese EV industry has been facing a series of challenges in recent times. The European Union, China&#8217;s largest export market for EVs, recently <a href="https://www.benzinga.com/news/24/08/40484760/china-hits-back-at-eus-unfair-ev-tariffs-that-gave-relief-to-chinese-made-tesla-will-take-all-necess">imposed countervailing duties on Chinese EVs</a>, citing unfair state subsidies. This move was met with strong opposition from China, which vowed to take all necessary measures to safeguard its EV industry.
On the other hand, the European Union <a href="https://www.benzinga.com/news/24/08/40479832/elon-musks-tesla-gets-a-breather-as-eu-slashes-tariffs-on-its-china-made-evs-even-as-saic-geely-and">slashed tariffs on electric cars made</a> by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in China, setting them significantly lower than those imposed on other electric car manufacturers. This move could potentially reshape the electric car market in the region.
Earlier in the year, Japanese automakers Toyota and Nissan <a href="https://www.benzinga.com/news/24/04/38427099/japanese-automakers-toyota-nissan-partner-with-tencent-baidu-to-boost-ai-capabilities-in-china">partnered with Chinese tech giants</a> Tencent and Baidu to enhance their artificial intelligence capabilities in China. However, this move was overshadowed by a certification test scandal that affected <a href="https://www.benzinga.com/markets/equities/24/06/39154549/gear-shift-in-japan-toyota-other-auto-giants-reportedly-under-inspection-over-certification-scan">other Japanese automakers</a> as well.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/08/40444920/whats-going-on-with-faraday-future-intelligent-electric-stock-monday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Faraday Future Intelligent Electric Stock Monday?</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Tuesday, March 24, 2020