Latest news for Eros Resources (OTC:EROSF) Stock

Eros Resources Corp is engaged in the acquisition, exploration, and development of mineral resource properties in North America. It operates in the business segments of the Exploration and development of mineral and oil and gas resource properties and Investing in marketable securities with a focus on commodities, with operations and long-term assets in the United States and Canada. Some of its projects are the Bell Mountain property and among others.

EROS RESOURCES CORP by Eros Resources Corp.

Eros Resources Corp

On Monday, a federal appeals court in San Francisco showed skepticism toward Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) efforts to overturn a jury verdict in favor of Fortine-maker Epic Games.
What Happened: The jury had sided with Epic in 2023, accusing Google of imposing <a href="https://www.benzinga.com/general/24/10/41124211/epic-games-starts-a-new-battle-with-google-and-samsung">restrictive policies</a> on its Google Play Store. Epic alleged that Google made payments to phone manufacturers and app developers to ensure exclusivity.
However, <a href="https://www.benzinga.com/news/24/10/41220186/google-will-continue-to-fight-epic-games-in-court-to-halt-epic-requested-changes-to-play-store-under">Google argued that</a> Epic&#8217;s similar case against Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) was dismissed, suggesting the same should apply here.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
U.S. Circuit Judge Gabriel P. Sanchez noted that competition with Apple does not justify Google&#8217;s monopolistic practices. Circuit Judges Danielle J. Forrest and Margaret McKeown pointed out differences between the Android and Apple ecosystems, challenging Google&#8217;s argument, <a href="https://www.bloomberg.com/news/articles/2025-02-03/google-bid-to-overturn-epic-app-win-eyed-skeptically-by-judges">reported</a> Bloomberg.
Why It Matters: Google is seeking to <a href="https://www.benzinga.com/news/large-cap/24/10/41217379/google-must-open-play-store-to-competitors-judge-orders">overturn an order</a> by U.S. District Judge James Donato, which mandates lifting restrictions on developers.
The injunction is currently on hold pending appeal. The U.S. Justice Department supports Donato&#8217;s ruling, highlighting the need to maintain competition in the market.
Price Action: At the time of writing, Alphabet's Class A shares had risen 1.15% in after-hours trading, while Class C shares were up 1.17%. Earlier on Monday, Class A shares closed down 1.37% at $201.23, and Class C shares declined 1.44% to $202.64, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPad Turns 15 Today: Here&#8217;s A Throwback To When Steve Jobs Explained Called It The ‘Third Category&#8217; After Phones And Notebooks</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.

News

Legal

Tech

Media

AAPL

GOOG

GOOGL

Google's Fight Against Epic Games' Antitrust Win Hits Roadblock —Judges Tell Search Giant Apple Case Doesn't Apply

Renowned market strategist&nbsp;Tom Lee on Monday recommended buying stocks amid the recent market sell-off triggered by President Donald Trump&#8217;s tariffs but advised caution for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: Lee, managing partner and head of research at&nbsp;Fundstrat Global Advisors, <a href="https://www.cnbc.com/2025/02/03/tom-lee-says-buy-this-tariff-dip-in-stocks-but-bitcoin-is-headed-for-much-more-short-term-pain.html">stated </a>in a CNBC interview that Bitcoin could face short-term hurdles despite its strong long-term potential.
&#8220;But I think that there is still an argument that in the short term Bitcoin is a risk-on asset, so as the market liquidates, which happened over the weekend, Bitcoin takes a hit. So I'd say February is not looking great for Bitcoin in the near term,&#8221; Lee predicted.
Lee believed the $95,000 mark was &#8220;probably not the floor for this month&#8221; and that Bitcoin may fall further to $70,000 before resuming its uptrend. The analyst said that further downsides will provide a buying opportunity.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43425216/elon-musk-supports-putting-treasury-department-operations-on-blockchain-to-fix-irregularities">Elon Musk Says Treasury Officials &#8216;Breaking The Law Every Hour&#8217; By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix</a>
As for stocks, Lee said that the market usually &#8220;overreacts&#8221; to external developments like trade wars.
&#8220;So if this is the first reaction, I would probably guess that the second reaction is pulling back from some of that decline.&#8221;
Why It Matters: These comments <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43452791/bitcoin-ethereum-dogecoin-stage-strong-rebound-as-trump-pauses-canada-mexico-tariffs-analyst-flags-significance-of-101000-for-btc">preceded a strong recovery in stock futures and cryptocurrencies</a> after Trump paused tariffs on Canada and Mexico. 
The&nbsp;Dow Jones Industrial Average Futures&nbsp;was up 0.21% as of this writing, while Bitcoin surged back above $100,000.
Lee&#8217;s latest forecast <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42965795/tom-lee-forecasts-bitcoin-could-dip-to-50k-but-maintains-long-term-target-of-250k-amid-market-volatility">aligned with his previous predictions</a> around Bitcoin. Last month, he anticipated Bitcoin would test support levels at $70,000 or even the $50,000 range. However, he maintained a long-term bullish stance, targeting $250,000 in 2025.
Price Action:  At the time of writing, Bitcoin was exchanging hands at $101,179.34, up 7.44% 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:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43423466/how-does-pete-hegseth-feel-about-bitcoin-his-financial-filings-reveal-the-answer">How Does Pete Hegseth Feel About Bitcoin? His Financial Filings Reveal The Answer</a></li>
</ul>

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

Cryptocurrency

Markets

$BTC

Tom Lee Says February Not 'Looking Great' For Bitcoin But Stocks Look Ripe For Picking Amid Trump Tariff Sell-Off

U.S. stock markets experienced a downturn today, with the Dow Jones index dropping approximately 120 points to 44,421.91. The NASDAQ fell 1.2% to 19,391.96, while the S&amp;P 500 dropped by 0.8% to 5,994.57.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc.
Palantir Technologies saw a modest increase of 1.52%, closing at $83.74. The stock reached an intraday high of $84.25 and a low of $78.47, with a 52-week high of $84.25 and a low of $15.67. Palantir surged 22.75% after hours to $102.79, surpassing Jim Cramer's $100 prediction, with him <a href="https://www.benzinga.com/markets/equities/25/02/43452860/palantir-soars-23-after-hours-as-cramer-says-i-wont-let-you-down-and-dan-ives-calls-it-the-next-oracle-in-ai-boom">reaffirming his confidence</a> in the stock. Wedbush's Dan Ives called the earnings a "massive AIP growth" moment, likening Palantir to "the next Oracle" with trillion-dollar potential in the AI revolution. On Monday, Palantir reported fourth-quarter revenue of $827.5 million <a href="https://www.benzinga.com/news/earnings/25/02/43449486/palantir-q4-earnings-revenue-beat-eps-beat-us-revenue-up-52-customer-count-up-43-strong-guidance-this-is-a-new-phase-unlike-anything-that-has-come-before">beating the consensus estimate</a> of $775.91 million.
NVIDIA Corporation
NVIDIA&#8217;s stock fell by 2.84%, closing at $116.66. It hit a high of $118.57 and a low of $113.01 during the day, with a 52-week range between $153.13 and $66.25. The decline follows the imposition of&nbsp;<a href="https://www.benzinga.com/news/global/25/02/43428104/nvidia-tsmc-apple-and-other-tech-stocks-slide-in-pre-market-trading-as-trump-imposes-tariffs-on-imports-from-china-mexico-and-canada">tariffs</a>&nbsp;on imports from China, Mexico, and Canada, impacting tech stocks.
PayPal Holdings Inc.
PayPal&#8217;s stock rose by 1.05%, closing at $89.51. The stock&#8217;s intraday high was $89.71, with a low of $86.00, and a 52-week range of $93.64 to $55.77. Investors are keenly awaiting the company&#8217;s <a href="https://in.benzinga.com/news/earnings/25/02/43441336/paypal-stock-in-danger-of-post-earnings-dive-q4-preview-shows-risk">fourth-quarter earnings</a> on Tuesday, with expectations set for $1.12 EPS and $8.26 billion in revenue.
Costco Wholesale Corporation
Costco&#8217;s shares increased by 2.65%, closing at $1005.83. The stock hit an intraday high of $1009.61 and a low of $968.94, with a 52-week high of $1009.61 and a low of $697.27. Analysts have shown a mix of opinions, with <a href="https://www.benzinga.com/insights/analyst-ratings/25/02/43433715/what-analysts-are-saying-about-costco-wholesale-stock">recent ratings</a> reflecting varied sentiments on the stock&#8217;s future. They raised the 12-month price target to an average of $1,041.75, up 7.35% from $970.38, with estimates ranging from $900 to $1,175.
Tesla, Inc.
Tesla&#8217;s stock dropped by 5.17%, closing at $383.68. The stock&#8217;s high for the day was $389.17, with a low of $374.36, and a 52-week range of $488.54 to $138.80. The decline follows the announcement of new <a href="https://in.benzinga.com/25/02/43444972/whats-going-on-with-tesla-stock-monday">tariffs</a> on imports from Canada, Mexico, and China, affecting the company&#8217;s shares.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43452717/nvidia-tsmc-drop-as-trump-hits-mexico-canada-and-china-with-tariffsbut-top-analyst-sees-only-limited-supply-chain-impact">Nvidia, TSMC Stocks Fell As Trump Hit Mexico, Canada, And China With Tariffs—But Top Analyst Sees Only &#8216;Limited&#8217; Supply Chain Impact On Chips</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

COST

NVDA

PLTR

PYPL

TSLA

Palantir, Nvidia, Paypal, Costco, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) is capturing Wall Street&#8217;s attention, with market commentators Jim Cramer and Dan Ives making bold predictions about the company&#8217;s potential in the artificial intelligence revolution.
What Happened: On X, CNBC&#8217;s Cramer wrote, &#8220;I predicted $100 on Palantir and I promise I won&#8217;t let you down&#8230;&#8221; This comes as the stock experienced a dramatic after-hours surge of 22.75%, closing at $102.79.
<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">I predicted $100 on Palantir and i promise I won&#39;t let you down&#8230;
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1886527639634239959?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Wedbush Securities Managing Director Ives was even more bullish, describing Palantir&#8217;s earnings as a &#8220;massive AIP growth&#8221; and a &#8220;very bullish barometer for use cases accelerating as part of the AI Revolution in 2025.&#8221; Ives went as far as suggesting Palantir could become &#8220;the next Oracle&#8221; in an interview with CNBC and potentially reach a trillion-dollar market cap in the next few years.
<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">Great to be on <a href="https://twitter.com/CNBCOvertime?ref_src=twsrc%5Etfw">@CNBCOvertime</a> with <a href="https://twitter.com/MorganLBrennan?ref_src=twsrc%5Etfw">@MorganLBrennan</a> <a href="https://twitter.com/jonfortt?ref_src=twsrc%5Etfw">@jonfortt</a> discussing the Messi of AI Palantir with a growth quarter for the ages as the AI Revolution takes hold. <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw">@CNBC</a> &#x1f3c6;&#x1f525;&#x1f402;&#x1f37f;&#x1f4fa;&#x1f447;<a href="https://t.co/xWjdtjl0o3">https://t.co/xWjdtjl0o3</a> <a href="https://t.co/lwxyFDapLE">pic.twitter.com/lwxyFDapLE</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1886547930544255305?ref_src=twsrc%5Etfw">February 3, 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/equities/25/02/43452478/salesforce-cuts-1000-jobs-but-ramps-up-hiring-for-ai-sales-roles">Salesforce Cuts 1000 Jobs But Ramps Up Hiring For AI Sales Roles</a>
Why It Matters: The company&#8217;s <a href="https://www.benzinga.com/news/earnings/25/02/43449486/palantir-q4-earnings-revenue-beat-eps-beat-us-revenue-up-52-customer-count-up-43-strong-guidance-this-is-a-new-phase-unlike-anything-that-has-come-before">fourth-quarter results</a> provide substantial backing to these optimistic views. Palantir reported revenue of $827.52 million, beating consensus estimates, with U.S. revenue growing 52% year-over-year and commercial revenue jumping 64%.
CEO Alex Karp emphasized the company&#8217;s transformative potential, positioning Palantir at the center of AI&#8217;s emerging landscape. The company&#8217;s strong performance and forward guidance suggest these expert predictions might be more than just market hype.
Price Action: Palantir&#8217;s stock surged 22.75% to an all-time high of $102.79 in after-hours trading on Monday, following a 1.52% gain in the regular session, closing at $83.74, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/02/43451675/bessent-freezes-consumer-financial-protection-bureau-work-leaving-lawsuits-against-jpmorgan-bank-of-america-capital-one-in-limbo">Bessent Freezes Consumer Financial Protection Bureau Work Leaving Lawsuits Against JPMorgan, Bank Of America, Capital One In Limbo</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.

Palantir Crosses $100 Mark In After-Hours Trading, Hits All-Time High — Jim Cramer Says 'Won't Let You Down'

Leading cryptocurrencies rebounded Monday as President Donald Trump's brief tariff reprieve fueled positive sentiment in risk-on markets.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+5.14%</td>
<td>$101,349.10</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>+1.46%</td>
<td>$2,860.84</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>+15.87%</td>
<td>$0.2866</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin surged past $100,000, a day after plunging below $92,000. The leading cryptocurrency hit an intraday high of $102,500 before paring gains overnight.
Ethereum chalked out modest gains, but the second-largest cryptocurrency was yet to reclaim the pre-slump levels. Dogecoin rallied 15%, erasing significant losses from the Sunday decline.
Cryptocurrency liquidations hit $1.56 billion over the last 24 hours, with longs accounting for over $1 billion.&nbsp;
If Bitcoin retraces to $95,000 again, over $1 billion in upside bets will be wiped out.
More than 55% of Bitcoin futures traders were short Bitcoin, according to the Long/Short Ratio, signaling a potential drop.
Meanwhile, Bitcoin's Open Interest rose 2.36% in the last 24 hours, suggesting a surge in speculative trading.
Market sentiment flipped from "Fear" to "Greed", 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 7:45 p.m. ET)</td>
</tr>
<tr>
<td>MANTRA (OM)</td>
<td>+25.38%</td>
<td>$6.20</td>
</tr>
<tr>
<td>Ethena (ENA)</td>
<td>+20.65%</td>
<td>$0.6834</td>
</tr>
<tr>
<td>Onyxcoin (XCN)</td>
<td>+19.10%</td>
<td>$1.04</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.35 trillion, rising 4.38% in the last 24 hours.
Stock futures climbed Monday night after Trump <a href="https://www.benzinga.com/25/02/43450261/trump-trudeau-strike-border-security-deal-tariffs-on-canada-paused-for-at-least-30-days">paused planned tariffs</a> against Canada and Mexico. The Dow Jones Industrial Average Futures rose 151 points, or 0.34%, as of 7:48 p.m. EDT.&nbsp;
Earlier in the day, major averages closed in the red. The Dow Jones Industrial Average lost 122.75 points, or 0.28%, to close at 44,421.91. The S&amp;P 500 slid 0.76%, ending at 5,994.57, while the tech-heavy Nasdaq Composite dipped 1.20% to close at 19,391.96.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst and trader Rekt Capital noted Bitcoin's recovery to the $101,000 level.
"Now BTC needs to daily close above it and retest it successfully to reclaim it into support," the analyst remarked. "Until then &#8211; $101,000 needs to prove it is not a new resistance."
<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> Bitcoin has successfully revisited the $101k level (black) Now BTC needs to Daily Close above it and retest it successfully to reclaim it into support A successful reclaim and BTC could continue to the blue diagonal above Until then &#8211; $101k needs to prove it is not a… <a href="https://t.co/gHHQGCypXL">https://t.co/gHHQGCypXL</a> <a href="https://t.co/KloKLgqs9f">pic.twitter.com/KloKLgqs9f</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1886501278819475809?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another well-known analyst, Ali Martinez, spotted a potential head-and-shoulders pattern for Ethereum.
"ETH must hold above $2,700 to keep the bullish structure intact and have a chance of reaching $7,000," Martinez projected.
The inverse head and shoulders pattern is a bullish reversal pattern, indicating exhaustion of a prolonged downturn.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If this is a head-and-shoulders pattern, <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> must hold above $2,700 to keep the bullish structure intact and have a chance of reaching $7,000! <a href="https://t.co/nR6TDg2jA4">pic.twitter.com/nR6TDg2jA4</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1886352428477391317?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by SvetlanaParnikova on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/02/43451872/kalshi-crypto-com-super-bowl-contracts-under-regulatory-scrutiny">Kalshi, Crypto.com Super Bowl Contracts Under Regulatory Scrutiny</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Stage Strong Rebound As Trump Pauses Canada, Mexico Tariffs: Analyst Flags Significance Of $101,000 For BTC

Tech <a href="https://in.benzinga.com/news/global/25/02/43428104/nvidia-tsmc-apple-and-other-tech-stocks-slide-in-pre-market-trading-as-trump-imposes-tariffs-on-imports-from-china-mexico-and-canada">stocks tumbled on Monday</a> after President Donald Trump imposed steep tariffs on imports from Canada, China, and Mexico, sparking fears of supply chain disruptions — yet Wedbush analyst Dan Ives says Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) won't face immediate fallout.
What Happened: Trump&#8217;s tariffs, which include a 25% levy on imports from Mexico and Canada and a 10% tariff on Chinese goods, were set to take effect on Tuesday.
This move sparked concerns about potential retaliation affecting the tech sector. However, Ives said that the immediate impact on the semiconductor supply chain will be minimal.
See Also: <a href="https://www.benzinga.com/25/02/43428596/rtx-5090-and-5080-are-sold-outbut-you-can-still-get-one-with-these-high-end-prebuilt-gaming-pcs">Nvidia&#8217;s RTX 5090 And 5080 Are Sold Out, But You Can Still Get One With These High-End Prebuilt Gaming PCs</a>
&#8220;We believe short-term supply chain disruptions for the chip ecosystem will be very limited as it relates to Nvidia, TSMC, and others with retaliatory measures from Beijing as limited in the near term,&#8221; Ives said.
He characterized the situation as part of a &#8220;bigger game of high-stakes poker&#8221; between the U.S. and China, suggesting that while tensions are rising, the immediate risk to Nvidia, TSMC, and other chipmakers remains contained.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We believe short term supply chain disruptions for the chip ecosystem will be very limited as it relates to Nvidia, TSMC and others with retaliatory measures from Beijing as limited in the near-term. This is all part of a bigger game of high stakes poker between the US/China
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1886425074523062289?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: President Trump and the leaders of Mexico and Canada reached eleventh-hour agreements to delay the implementation of steep tariffs on exports to the U.S., <a href="https://www.nytimes.com/live/2025/02/03/us/trump-tariffs">reported</a> the New York Times.
Meanwhile, a 10% tariff on Chinese imports remains scheduled to take effect at midnight. Trump will reportedly speak with Xi Jinping within the next 24 hours, though the exact timing of the call is uncertain.
However, earlier on Monday, the tariffs rattled semiconductor stocks.
Nvidia fell 2.84% to $116.66, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) dropped 1% to $410.92, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) declined 3.39% to $228.01, Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) decreased 0.26% to $19.38, Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) dropped 5.86%, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) fell 1.60% and TSMC declined 4.55%, according to <a href="https://pro.benzinga.com/dashboard">data from&nbsp;Benzinga Pro</a>.
The U.S. Chamber of Commerce has warned that the tariffs could lead to major supply chain disruptions and rising costs for American businesses and consumers.
Photo by Ivan Marc via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple's iPad Turns 15 Today: Here's A Throwback To When Steve Jobs Explained Called It The ‘Third Category' After Phones And Notebooks</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.

Government

AVGO

INTC

MSFT

SMCI

Nvidia, TSMC Stocks Fell As Trump Hit Mexico, Canada, And China With Tariffs—But Top Analyst Sees Only 'Limited' Supply Chain Impact On Chips

On Monday, Cathie Wood-led Ark Invest made significant trades involving Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), and Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>). 
The Lockheed Martin Corp Trade
Ark Invest&#8217;s decision to sell 15,995 shares of Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) through ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) comes during a period of mixed financial results for the aerospace giant. Recently, Lockheed Martin reported a slight decline in net sales for the fourth quarter of 2024, missing consensus estimates. However, the company <a href="https://www.benzinga.com/news/earnings/25/01/43271143/lockheed-martin-q4-earnings-sales-miss-margin-squeeze-but-backlog-boosts-2025-prospects">surpassed earnings expectations</a> with an adjusted EPS of $7.67. Despite challenges, analysts remain <a href="https://www.benzinga.com/25/01/43313600/lockheed-martin-to-face-near-term-challenges-say-analysts">optimistic</a> about the company&#8217;s future, especially with the F-35 program ramping up, as highlighted by BofA Securities. The closing price for LMT on Monday was $455.42. The Ark trade was valued at $7.3 million.
The Reddit Trade
Ark Invest jettisoned 2,716 Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares, worth $549,473, through Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). the dynamic sentiment surrounding the social media platform. Analysts have provided a range of opinions on Reddit, with a recent <a href="https://www.benzinga.com/insights/analyst-ratings/25/01/43317183/18-analysts-assess-reddit-what-you-need-to-know">analysis</a> showing a diverse set of ratings. Analysts&#8217; 12-month price targets average $185.89, up 51.36% from $122.81. Reddit&#8217;s stock closed at $202.31 on Monday marking a 1.38% rise.
The Iridium Trade
Ark Invest&#8217;s purchase of Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) shares via ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) aligns with the company&#8217;s recent strong performance. On Monday, Ark picked up 22,067 Iridium shares worth $626,261.
Iridium, reported an 8% increase in total revenue for the third quarter of 2024, driven by higher commercial and government service revenues, as detailed in a <a href="https://www.benzinga.com/news/earnings/24/10/41383069/iridiums-q3-revenue-soars-8-fy24-outlook-brightens-as-subscriber-base-expands">previous report</a>. The company&#8217;s stock closed at $28.38 for the day, reflecting a slight decrease of 1.29%.
Other Key Trades:
<ul>
<li>Accolade Inc (ACCD): Sold 80,788 shares by ARKG.</li>
<li>L3Harris Technologies Inc (LH): Bought 32,680 shares by ARKQ.</li>
<li>Nu Holdings Ltd (LU): Sold 100 shares via ARKW.</li>
</ul>
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43450261/trump-trudeau-strike-border-security-deal-tariffs-on-canada-paused-for-at-least-30-days">Trump, Trudeau Strike Border Security Deal, Tariffs On Canada Paused For &#8216;At Least 30 Days&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKF

ARKQ

ARKX

IRDM

RDDT

Cathie Wood's Ark Invest Dumps Lockheed Martin Shares, Swoops Up Stock Of This Satellite Phone Provider

Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) is reportedly slashing 1,000 jobs as its latest fiscal year begins, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-02-04/salesforce-cutting-1-000-roles-while-hiring-salespeople-for-ai">reported</a> on Monday, citing sources. Simultaneously, the company is hiring 2,000 employees for sales roles to promote its artificial intelligence products, according to CEO Marc Benioff&#8216;s <a href="https://www.benzinga.com/media/24/12/42550951/salesforce-doubles-ai-hiring-goal-to-add-2k-sales-roles">announcement in December</a>.
Salesforce did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Price Action: Salesforce shares surged 1.02% to $342.70 in after-hours trading on Monday; however, the stock declined 0.72% during the regular session, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Image Via Shutterstock 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/previews/25/02/43451550/alphabet-q4-earnings-preview-ai-youtube-doj-case-key-items-to-watch-as-company-goes-for-eight-consecutive-revenue-eps-beat">Alphabet Q4 Earnings Preview: AI, YouTube, DOJ Case Key Items To Watch</a></li>
</ul>

Salesforce Cuts 1000 Jobs But Ramps Up Hiring For AI Sales Roles

Aravind Srinivas, CEO of Jeff Bezos-backed Perplexity AI, believes many startup founders fail because they chase market trends instead of working on problems they truly care about.
What Happened: During a June 2024 episode of the Lex Fridman Podcast, Srinivas shared his thoughts on why many startups fail. He argued that passion and personal interest in a problem are essential for long-term success.
&#8220;I think the thing that most people get wrong after they've decided to start a company is work on things they think the market wants,&#8221; he said.
See Also: <a href="https://www.benzinga.com/tech/25/02/43429568/samsung-offers-galaxy-s25-ultra-at-a-discount-of-up-to-1020-making-it-3x-cheaper-than-apples-iphone-16-pro-heres-how-you-can-get-it-for-almost-free">Samsung Offers Galaxy S25 Ultra At A Discount Of Up To $1020, Making It 3x Cheaper Than Apple&#8217;s iPhone 16 Pro: Here&#8217;s How You Can Get It For Almost Free</a>
Adding, &#8220;If you work from that perspective, I think you'll give up beyond the point because it's very hard to work towards something that was not truly important to you.&#8221;
He advised that recognizing one&#8217;s motivations and dopamine triggers is vital for achieving founder-market fit.&nbsp;
&#8220;Market will guide you towards making it a lucrative business by its own capitalistic pressure,&#8221; he stated, adding, &#8220;But don't start in the other way where you started from an idea that you think the market likes and try to like it yourself.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Aravind Srinivas: Perplexity CEO on Future of AI, Search &amp; the Internet &#x7C; Lex Fridman Podcast #434" width="500" height="281" src="https://www.youtube.com/embed/e-gwvmhyU7A?start=12&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It Matters: Srinivas has quickly risen as a major figure in AI. He worked at companies like OpenAI and Google's DeepMind before co-founding Perplexity AI in 2022.
Perplexity AI has gained traction as an AI-powered search engine <a href="https://www.benzinga.com/markets/equities/24/11/42084064/perplexity-ceo-asks-if-ai-startup-should-acquire-google-chrome-following-dojs-antitrust-push-against-search-giant">aiming to rival Google</a>. Srinivas has also become an angel investor, backing AI startups like ElevenLabs and Suno.
Earlier this year, he <a href="https://www.benzinga.com/25/01/43219913/jeff-bezos-backed-perplexity-ai-proposes-deal-to-merge-with-tiktok-giving-us-government-50-stake-report">proposed a deal for TikTok's U.S.</a> operations, suggesting a new U.S.-based company partially owned by the government. If approved, this move could place him at the center of one of the biggest tech transactions in history.
Last week, Perplexity AI also introduced a <a href="https://www.benzinga.com/25/01/43293869/jeff-bezos-backed-perplexity-rolls-out-self-hosted-deepseek-r1-model-amid-controversy-over-chinese-ai-influence-ceo-aravind-srinivas-says-theres-a-lot-of-misconception">self-hosted variant</a> of China's DeepSeek R1 model. The startup raised $500 million in the December 2024 funding round, elevating its <a href="https://www.benzinga.com/tech/24/12/42570376/jeff-bezos-backed-perplexity-raises-500-million-tripling-its-valuation-to-9-billion-as-competition-with-google-and-openai-heats-up">valuation to $9 billion</a>.
Photo courtesy: Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple's iPad Turns 15 Today: Here's A Throwback To When Steve Jobs Explained Called It The ‘Third Category' After Phones And Notebooks</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.

Aravind Srinivas, CEO Of Jeff Bezos-Backed Perplexity, Reveals Why Most Startups Fail: 'The Thing That Most People Get Wrong...'

GCTK

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

The White House has appointed Elon Musk, the wealthiest individual globally, as a &#8220;special government employee.&#8221; This designation allows Musk to be employed by the federal government while potentially sidestepping certain disclosure rules.
What Happened: As reported by Reuters, Musk, who continues to helm Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, has been charged with leading Trump&#8217;s cost-cutting initiative, the Department of Government Efficiency. This role has granted Musk&#8217;s team access to various government systems, triggering concern and turmoil within some agencies.
Musk&#8217;s new designation could enable him to bypass disclosure rules about conflicts of interest and finances applicable to regular government employees. He will not receive a paycheck. This development has sparked scrutiny, with Democratic lawmakers voicing concerns over a billionaire without an electoral mandate gaining substantial power over the federal government.
Trump defended Musk, asserting that Musk cannot act without White House approval. He also lauded Musk&#8217;s instinct and his team&#8217;s talent. 
&#8220;Elon can&#8217;t do and won&#8217;t do anything without our approval,&#8221; said Trump. He said, &#8220;We&#8217;ll give him the approval, where appropriate; where not appropriate, we won&#8217;t. But he reports in.&#8221;
However, questions about accountability persist, as most special government employees are not bound to file financial disclosures, potentially making it challenging for the public and journalists to hold Musk and the government accountable.
Read Next: <a href="https://www.benzinga.com/25/02/43446852/elons-trump-alignment-costs-him-his-canada-starlink-contract">Elon&#8217;s Trump Alignment Costs Him Canada Starlink Contract: &#8216;Oh Well&#8217;</a>
Why It Matters: Musk&#8217;s appointment comes amidst his recent <a href="https://in.benzinga.com/25/02/43442302/elon-musk-says-elizabeth-warren-is-meddling-with-trillions-in-us-treasury-via-his-unqualified-flunkies">criticisms</a> of the Treasury Department and his proposal to use <a href="https://in.benzinga.com/25/02/43425216/elon-musk-supports-putting-treasury-department-operations-on-blockchain-to-fix-irregularities">blockchain technology</a> to streamline its operations. 
His Department of Government Efficiency was recently <a href="https://www.benzinga.com/25/02/43440720/elon-musks-4b-doge-plan-may-cut-federal-spending-30-apples-spring-2025-lineup-revealed-triumph-group-to-go-privat">granted access</a> to a sensitive Treasury Department payment system, a move that coincided with the resignation of a career Treasury official who had disagreements with Musk&#8217;s department. 
The potential implications of Musk&#8217;s new role and his plans for the Department of Government Efficiency, including a $4 billion a day cost-cutting plan, remain to be seen.
Notably, the Department of Government Efficiency shares its acronym with Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), a cryptocurrency that Musk has promoted in the past with his social media posts.
Price Action: At the time of writing DOGE was seen trading higher by 7.95% at $0.285, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020325&amp;t=be2bearmibe3na1">data from Benzinga Pro</a>. 
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43450261/trump-trudeau-strike-border-security-deal-tariffs-on-canada-paused-for-at-least-30-days">Trump, Trudeau Strike Border Security Deal, Tariffs On Canada Paused For &#8216;At Least 30 Days&#8217;</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

Elon Musk Appointed As 'Special Government Employee' Amid DOGE Department Push: 'Can't Do Anything Without Our Approval,' Says Trump

Elon Musk's <a href="https://www.dailysignal.com/tag/doge">Department of Government Efficiency</a>&nbsp;(DOGE) has been identifying and eliminating a wide swath of federal spending since President Donald Trump took office.
Now, DOGE is setting its sights on two mainstays in U.S. public broadcasting and journalism: NPR and PBS, the National Public Radio and the Public Broadcast System.
In a Monday <a href="https://oversight.house.gov/release/doge-subcommittee-chairwoman-greene-invites-npr-and-pbs-leaders-to-address-biased-news-coverage-at-public-hearing/">press release</a>, <a href="https://www.independent.co.uk/topic/marjorie-taylor-greene">Marjorie Taylor Greene</a>, head of a new House subcommittee, Delivering on Government Efficiency, accused NPR and PBS of "systematically biased content" and is demanding that the heads of both groups testify before Congress for their alleged <a href="https://www.independent.co.uk/news/world/americas/us-politics/marjorie-taylor-green-pbs-npr-biased-content-b2691492.html" target="_blank" rel="noreferrer noopener">&#8220;blatantly ideological and partisan coverage.&#8221;</a>
Greene pointed to NPR's coverage of the Hunter Biden laptop story, the Russian collusion story and COVID-19 origins. She blasted PBS for failing "to provide Americans with accurate reporting by incorrectly implying that Elon Musk made a fascist salute during President Trump's inauguration celebration."  
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="WATCH: Elon Musk appears to give fascist salute during Trump inauguration celebration" width="500" height="281" src="https://www.youtube.com/embed/-VfYjPzj1Xw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h1 class="wp-block-heading">What&#8217;s Next?</h1>
Meanwhile, Musk — who Sen. Elizabeth Warren <a href="https://www.benzinga.com/25/02/43442302/elon-musk-says-elizabeth-warren-is-meddling-with-trillions-in-us-treasury-via-his-unqualified-flunkies">bashed</a> as &#8220;an unelected billionaire&#8221; along with his &#8220;unqualified flunkies" — continues to fire, force out or harass government workers in numerous attempts over the past week to <a href="https://www.benzinga.com/25/01/43417749/elon-musks-aides-block-government-workers-from-federal-data-systems-report" target="_blank" rel="noreferrer noopener">install Trump loyalists</a> across all federal agencies, departments and organizations. The latest was the takeover of the Treasury Department and Secretary of State <a href="https://www.benzinga.com/topic/marco-rubio">Marco Rubio</a>&#8216;s surprise Monday announcement that he is now acting administrator of the U.S. Agency for International Development.
And to answer the question of what&#8217;s next &#8230; could the Department of Education <a href="https://www.benzinga.com/government/regulations/25/02/43450076/trump-administration-weighs-plan-to-shut-down-education-department-which-stocks-could-be-affected">be heading</a> for the chopping block?
Now Read:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/02/43450076/trump-administration-weighs-plan-to-shut-down-education-department-which-stocks-could-be-affected">Trump Administration Weighs Plan To Shut Down Education Department: Which Stocks Could Be Affected?</a></li>
</ul>

Musk DOGE Partner Marjorie Taylor Green Goes After NPR, PBS — Is The Department Of Education Next?

The Commodity Futures Trading Commission launched an inquiry on Monday into Crypto.com and Kalshi on how the companies' Super Bowl event contracts comply<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43439189/robinhood-to-offer-super-bowl-event-contracts"> with derivatives regulations.</a>
The Details: According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-02-03/crypto-com-kalshi-s-super-bowl-wagers-probed-by-us-derivatives-regulator">report</a>, the CFTC has requested additional information from Kalshi and Crypto.com, including evidence that the products are not susceptible to manipulation and comply with regulations.&nbsp;
The CFTC will then evaluate the responses before deciding on any enforcement actions or begin drafting a new rule.
"We are continuing to review the contracts in accordance with our regulations," a CFTC spokesman told Bloomberg.&nbsp;
Read Next: <a href="https://www.benzinga.com/general/health-care/25/01/43372753/eggs-prices-soar-as-bird-flu-spreads-why-experts-expect-another-45-increase-in-2025">Eggs Prices Soar As Bird Flu Spreads: Why Experts Expect Another 45% Increase In 2025</a>
The CFTC put Crypto.com's sports contracts under a special regulatory review in January to determine if they qualified as gaming. The CFTC did not place Kalshi's sports contracts under review at the time.&nbsp;
The CFTC is expected to vote by mid-April on whether to bar the contracts and sports contracts continue to trade in the meantime.&nbsp;
The CFTC's latest inquiry comes as Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) announced on Monday that its clients can access sports contracts through the Kalshi exchange. 
"With an emerging asset class like event contracts, we recognize an opportunity to better serve our customers as their interests converge across the markets, news, sports and entertainment," Robinhood said in a statement.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/43400701/ups-ceo-says-amazon-is-our-largest-but-not-our-most-profitable-customer">UPS CEO Says Amazon Is &#8216;Our Largest,&#8217; But &#8216;Not Our Most Profitable Customer&#8217;&nbsp;</a></li>
</ul>
Photo: Shutterstock

Earnings

Fintech news covering the emerging Financial Technology services sector

Fintech

Regulations

Sports Betting

Sports

General

HOOD

Kalshi, Crypto.com Super Bowl Contracts Under Regulatory Scrutiny

<a href="https://www.benzinga.com/startups/24/11/42011977/99-billion-bet-warren-buffett-invests-heavily-in-2-stocks-expected-to-jump-19-and-20-wall-street-analysts-predict">Warren Buffett's </a>$1 million bet against hedge funds wasn't just about bragging rights—it was a challenge to Wall Street's high-fee investment strategies.&nbsp;
Back in 2007, he bet that a simple S&amp;P 500 index fund would outperform a carefully selected group of hedge funds over a decade. Ted Seides, a hedge fund pro from Protégé Partners, took the other side, convinced that active management could beat the market.
The timing couldn't have been more dramatic. The bet kicked off on Jan. 1, 2008—right as the financial crisis hit. At first, it looked like the hedge funds had the upper hand. They lost 23.9% while the S&amp;P 500 tanked by 37%. But as markets recovered, Buffett's index fund started pulling ahead.&nbsp;
Don't Miss:
<ul>
<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-nancy-pelosi">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
</ul>
By the end of 2016, the Vanguard 500 Index Fund Admiral Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFIAX#NASDAQ">VFIAX</a>)—Buffett's choice—had delivered an average annual return of 7.1%. The hedge funds? Just 2.2%. That's a massive difference. If you had invested $100,000 in VFIAX, it would have grown to about $185,000. The hedge funds were at only $121,000.
So, what went wrong for the hedge funds? Fees. Hedge funds typically use the "two-and-twenty" model—2% in management fees and 20% of any profits. Over time, those fees add up.&nbsp;
According to a recent study by LCH Investments, since the inception of hedge funds in 1969, investors have paid nearly half of their profits as fees. Compare that with&nbsp; index funds, which charge as little as 0.03%, and it's easy to see why Buffett's bet played out the way it did.
Trending: 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>
Buffett has always been a big believer in keeping things simple. He once said, "When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients." The numbers back him up.
Even today, the trend holds. A recent Vanguard study found that <a href="https://www.benzinga.com/24/12/42516732/the-average-401k-balance-soars-to-a-record-breaking-high-is-your-nest-egg-keeping-pace">401(k) </a>investors saw an average annual return of 9.7% over the five years ended in December 2023. Hedge funds? They averaged 6.6% over the same period, according to the Barclay Hedge Fund Index. Over decades, that difference adds up in a big way.
The takeaway? For most people, keeping it simple wins. Morningstar reports that approximately 29% of actively managed funds outperform their passive counterparts over the decade ended last June. Buffett's bet just reinforced what research keeps proving: for the average investor, a low-cost index fund is one of the best ways to grow wealth over time.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</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>

Startups

VFIAX

Warren Buffett's $1M Bet: Why 'Simple' Index Funds Crushed Hedge Funds By 7.1% To 2.2% Over A Decade

<a href="https://x.com/JustinTrudeau/status/1886529228193022429?s=19">https://x.com/JustinTrudeau/status/1886529228193022429?s=19</a>
&nbsp;

Macro Economic Events

Global

Economics

Justin Trudeau Posts On X "I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly 10,000 frontline personnel are and will be working on protecting the border.... Proposed tariffs will be paused for at least 30 days while we work together."

Former President Jimmy Carter almost made history at the 67th Grammy Awards, an accomplishment that could have added to <a href="https://www.benzinga.com/movers-shakers/24/12/42716329/jimmy-carter-the-39th-us-president-who-championed-human-rights-and-peace-in-the-middle-east-had-died">his lifetime accolades.</a>
What Happened: Months after passing away at <a href="https://www.benzinga.com/markets/cannabis/25/01/42901026/jimmy-carters-funeral-5-living-presidents-attend-family-colleagues-share-warm-humorous-stories">the age of 100</a> in December, Carter was honored with a Grammy Award win at the 67th annual music awards show Sunday.
Carter <a href="https://www.grammy.com/artists/jimmy-carter/7405">won </a>his fourth Grammy Award for Best Audio Book, Narration and Storytelling Recording for his "Last Sundays in Plains: A Centennial Celebration" recordings.
The recordings came from his final Sunday School lessons at Maranatha Baptist Church in Georgia. The record also features recordings from Darius Rucker, LeeAnn Rimes and Jon Batiste.
Carter beat out Guy Oldfield, George Clinton, Dolly Parton and Barbra Streisand for the award, as <a href="https://apnews.com/article/president-jimmy-carter-2025-grammy-awards-0b8a1c1fa8c8887b945a2b893b7e59e5">reported </a>by the Associated Press. 
The former president previously won three other Grammy Awards for spoken word recordings, winning most recently at the 61st &nbsp;(2019) and 58th (2016) award ceremonies.
The posthumous Grammy win nearly made history. If Carter was still alive he would have become the oldest Grammy Award winner in history. The current record is 97 years old held by Pinetop Perkins for a win in 2011. Carter ranks among the top 10 oldest winners for his past awards.
Read Also: <a href="https://www.benzinga.com/general/entertainment/25/02/43443734/the-beatles-make-grammy-history-with-ai-how-tech-completed-their-final-song">The Beatles Make Grammy History With AI: How Tech Completed Their Final Song</a>
Why It's Important: Carter's grandson Jason Carter accepted the award on his behalf.
"Having his words captured in this way for my family and for the world is truly remarkable," Carter said while accepting the award.
Speaking backstage at the award ceremony, Carter celebrated his grandfather's love of music.
"He's such an enormous music fan. He loves the creative aspect of music," Carter said, as reported by the Associated Press. "It's been an important part of his political life, an important part of his personal life. He's an artist in many ways."
The former president is the most-awarded Grammy winner among former presidents with his four wins, which come from 10 career nominations. Barack Obama and Bill Clinton each have won two Grammy Awards. Michelle Obama and Hillary Clinton have also won Grammy Awards.
Harry Truman, John F. Kennedy and Richard Nixon were nominated for Grammy Awards, but did not win.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/10/41130171/jimmy-carter-at-100-5-things-you-didnt-know-about-the-rock-roll-president">Jimmy Carter At 100: 5 Things You Didn&#8217;t Know About The Rock &amp; Roll President</a></li>
</ul>
Photo: Shutterstock

Entertainment

Jimmy Carter Beats George Clinton, Dolly Parton, Barbra Streisand For Grammy Award Months After Death, Nearly Makes History

ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) has outperformed the market over the past 20 years by 1.66% on an annualized basis producing an average annual return of 10.03%. Currently, ONEOK has a market capitalization of $61.24 billion. 
Buying $1000 In OKE: If an investor had bought $1000 of OKE stock 20 years ago, it would be worth $6,820.12 today based on a price of $98.15 for OKE at the time of writing.
<h3>ONEOK's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738626309_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In ONEOK 20 Years Ago Would Be Worth Today

Treasury Secretary Scott Bessent on Monday ordered a halt to the majority of work at the Consumer Financial Protection Bureau after being selected as the acting director of the agency by <a href="https://www.benzinga.com/government/regulations/25/02/43450076/trump-administration-weighs-plan-to-shut-down-education-department-which-stocks-could-be-affected">President Donald Trump. </a>
The Details: According to <a href="https://www.wsj.com/politics/policy/bessent-takes-helm-of-consumer-finance-watchdog-orders-halt-to-work-0a9cfc3d?mod=hp_lead_pos3">a report</a> from the Wall Street Journal, Bessent directed the CFPB to freeze much of its work in an internal email. The work stoppage includes decisions about active litigations, enforcement actions and suspends effective dates for completed rules that are not yet in effect.
Bessent is the temporary replacement for Biden appointee Rohit Chopra who was ousted from the agency on Friday.&nbsp;
Read Next: <a href="https://www.benzinga.com/general/health-care/25/01/43372753/eggs-prices-soar-as-bird-flu-spreads-why-experts-expect-another-45-increase-in-2025">Eggs Prices Soar As Bird Flu Spreads: Why Experts Expect Another 45% Increase In 2025</a>
"I look forward to working with the CFPB to advance President Trump's agenda to lower costs for the American people and accelerate economic growth," Bessent said in a written statement Monday.
It is expected that Bessent will begin to roll back many of the regulations that were enacted under the Biden administration, including limits on overdraft fees and the exemption of medical debt reporting by credit agencies. 
CFPB Actions In Limbo: Many lawsuits brought by the CFPB now face an uncertain future as decisions on litigations and enforcement actions have been frozen.&nbsp;
In late December, the <a href="https://www.benzinga.com/news/legal/24/12/42713746/financial-crime-weekly-sec-charges-tai-mo-shan-with-misleading-terra-usd-investors-rocket-companies-sued-over-alleged-kickback-scheme">CFPB sued</a> Rocket Homes, a division of Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) in what it said was an action to stop the company from providing incentives to real estate brokers and agents to steer homebuyers to Rocket Mortgage. 
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Early Warning Services also face <a href="https://www.benzinga.com/news/legal/24/12/42687945/zelle-became-a-gold-mine-for-fraudsters-consumer-financial-protection-bureau-lawsuit">a lawsuit</a> from the CFPB alleging the companies rushed to complete the Zelle payment network in order to compete with Venmo and CashApp and neglected to enact effective fraud safeguards.
The CFPB also slapped Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) with <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42981370/cfpb-sues-capital-one-over-alleged-2-billion-in-lost-interest-for-consumers">a lawsuit </a>in January accusing the bank of cheating millions of consumers out of more than $2 billion in lost interest.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/43400701/ups-ceo-says-amazon-is-our-largest-but-not-our-most-profitable-customer">UPS CEO Says Amazon Is &#8216;Our Largest,&#8217; But &#8216;Not Our Most Profitable Customer&#8217;&nbsp;</a></li>
</ul>
Image: Shutterstock

Bessent Freezes Consumer Financial Protection Bureau Work Leaving Lawsuits Against JPMorgan, Bank Of America, Capital One In Limbo

President Donald Trump has <a href="https://www.benzinga.com/news/global/25/01/42864556/trump-does-not-rule-out-military-force-to-acquire-panama-canal-greenland-we-need-them-for-economic-security">reignited his push to acquire Greenland</a>, calling it an &#8220;absolute necessity&#8221; for U.S. security. But while Trump is focused on claiming the Arctic territory, <a href="https://www.benzinga.com/25/01/43291979/how-crazy-is-that-says-bernie-sanders-condemning-trump-for-ignoring-working-families-issues-in-his-inauguration-speech">Sen. Bernie Sanders</a>, (I-VT),&nbsp; has a different suggestion: instead of trying to take Greenland, why not copy its progressive policies?
In <a href="https://x.com/SenSanders/status/1884078267214487788">a post on X</a>, Sanders took a jab at Trump&#8217;s territorial ambitions, writing:
&#8220;Mr. President: Instead of stealing Greenland from Denmark, I have a better idea. In Denmark, everyone is guaranteed health care, college education is free, parents receive 1-year of paid paternity leave &amp; workers don't make less than $22 an hour. Let&#8217;s steal those ideas.&#8221;
Don't Miss:
<ul>
<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-nancy-pelosi">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000</a></li>
<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>
</ul>
<h2 class="wp-block-heading">Greenlanders Overwhelmingly Oppose Joining the U.S.</h2>
Even though Trump says Greenlanders &#8220;want to be with us,&#8221; a new poll says otherwise. A survey found that 85% of Greenlanders do not want to become part of the U.S., while only 6% support the idea. About 45% see Trump's interest in Greenland as a threat, while 43% see it as an opportunity.
Even when it comes to citizenship, only 8% of Greenlanders would trade their Danish passport for an American one, while 55% prefer to remain Danish citizens. The numbers make it clear—most Greenlanders want nothing to do with becoming part of the United States.
<h2 class="wp-block-heading">Denmark and Europe Push Back</h2>
Trump&#8217;s aggressive push for Greenland has sparked an international backlash. Danish Prime Minister Mette Frederiksen has been meeting with French President Emmanuel Macron, German Chancellor Olaf Scholz, and other leaders to make sure Greenland stays under Denmark. In a 45-minute phone call, Trump and Frederiksen argued, and European officials later called the conversation &#8220;horrendous.&#8221;
Trending: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Scholz cautioned that it is unacceptable to alter borders through force, citing Russia&#8217;s invasion of Ukraine as an example. On Feb. 3, European leaders will convene to discuss Trump's plans for Greenland.
<h2 class="wp-block-heading">Why Does Trump Want Greenland?</h2>
Greenland is important for its location and its resources. The U.S. already has a military base in Greenland, called Pituffik Space Base (formerly Thule Air Base), which is a key Arctic outpost. For Trump, controlling Greenland would mean strengthening America&#8217;s <a href="https://www.benzinga.com/markets/emerging-markets/25/01/43133508/trump-wants-to-buy-greenland-for-us-security">position against China and Russia</a>.
Greenland is also rich in rare earth minerals, uranium, and oil. As the world looks for more of these resources, Greenland has become more valuable. Climate change is also making Arctic waters more accessible for shipping, adding to its economic potential.
Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
<h2 class="wp-block-heading">Denmark's Welfare System</h2>
Denmark has a strong support system for its people, but it means paying higher taxes. The government covers health care, free college, and paid parental leave through a system where wealthier people pay more. The top income tax rate is 55.9%, there is a 25% sales tax, and businesses pay a 22% tax.
In Denmark, students not only attend college for free but also receive a stipend from the government to cover living expenses. The country consistently ranks as one of the happiest in the world, with low crime, strong social programs, and a good work-life balance.
So, unlike the U.S., Denmark provides universal healthcare, tuition-free college and generous paid parental leave.
See Also: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a>
While Trump is focused on acquiring Greenland, Sanders and his supporters argue that the U.S. should be paying attention to why Denmark and Greenland rank so high in quality of life.&nbsp;
For now, Greenland's government, backed by Denmark and the European Union, has made it clear that it's not for sale. Whether Trump will continue to push for control remains to be seen, but for Greenlanders, the answer is simple—they'd rather keep their autonomy, their benefits, and their way of life.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a></li>
<li>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></li>
</ul>

Bernie Sanders To Trump: Instead Of Greenland, Steal Denmark's Ideas Of Free Health Care, Paid Parental Leave And $22 Minimum Wage

Technology giant Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) could focus on cloud, AI and YouTube growth when the company reports fourth-quarter financial results after the <a href="https://www.benzinga.com/earnings">market close Tuesday.</a>
Earnings Estimates: Analysts expect the company to report fourth-quarter revenue of $96.6 billion, up from $86.3 billion in last year's fourth quarter, according to data <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020325&amp;t=be2bearmibe3na1">from Benzinga Pro.</a>
The company has beaten analyst estimates for revenue in seven straight quarters.
Analysts expect the company to report fourth-quarter earnings per share of $2.13, up from $1.64 in last year's fourth quarter. The company has beaten analyst estimates for earnings per share in seven straight quarters.
Read Also: <a href="https://www.benzinga.com/25/02/43441911/alphabets-q4-earnings-bullish-trend-just-getting-started">Alphabet Q4 Earnings Preview: Bullish Trend Just Getting Started?</a>
What Analysts Are Saying: Recent strength in advertising for Meta Platforms could foreshadow strong advertising strength for Alphabet, Bank of America analyst Justin Post<a href="https://www.benzinga.com/25/01/43396598/alphabet-shares-are-on-the-rise-today-whats-going-on"> recently said.</a>
The analyst, who has a Buy rating and $225 price target, said Alphabet should show positive commentary on cloud demand in the fourth-quarter results and commentary.
Post said Alphabet will likely show strength in search thanks to AI usage helping with monetization and YouTube could also benefit from improved AI targeting.
Potential negatives for Alphabet would be talking about tougher first-quarter advertising comps, slowing YouTube growth or new hiring/Capex commentary.
"We remain constructive on Alphabet and believe Street is likely underestimating potential for AIOs to drive Search monetization strength in 2025," Post said.
Here are other <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings">analyst ratings for Alphabet </a>and their price targets:
<ul>
<li>JMP Securities: Reiterated Market Perform rating, no price target</li>
<li>Needham: Maintained Buy rating, increased price target from $210 to $225</li>
<li>DA Davidson: Maintained Neutral rating, increased price target from $190 to $200</li>
<li>Cantor Fitzgerald: Maintained Neutral rating, lowered price target from $215 to $210</li>
</ul>
Key Items to Watch: Alphabet likely won't comment on pending legislation, but could be asked about its current case with the Department of Justice and what the new White House administration means.
Alphabet<a href="https://www.benzinga.com/tech/25/01/42898021/google-donates-1-million-to-trump-inauguration-plans-youtube-livestream-pleased-to-support"> donated $1 million</a> to Donald Trump's inauguration fund, an amount higher than the $285,000 donated to the 2016 and 2020 inaugurations. The company also live-streamed the inauguration on YouTube.
The donation comes as the company has been targeted by the Department of Justice for&nbsp;alleged monopolistic behavior&nbsp;and could be forced to break up and spin off assets such as the Chrome browser.
While there&#8217;s no certainty that a donation or a visit to Mar-a-Lago will sway the new administration or prevent such outcomes, changes to the DOJ's leadership could potentially shift the company's legal challenges.
Incoming Vice President&nbsp;J.D. Vance&nbsp;also previously said he&nbsp;<a href="https://www.benzinga.com/general/politics/24/07/39826475/trumps-new-running-mate-j-d-vance-wants-to-break-up-google-could-2024-election-be-bad-for-big-te" target="_blank" rel="noreferrer noopener">wants to break up&nbsp;</a>Alphabet, which could make the company a target of the new administration.
Senator&nbsp;Ted Cruz&nbsp;(R-Texas) recently told Politico that Republicans would target Alphabet&#8217;s Google and YouTube content moderation policies on the search engine.
As mentioned by Post, AI could also be one of the key themes.
"Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools," Alphabet CEO Sundar Pichai said after<a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan"> third-quarter results.</a>
Pichai said at the time that Alphabet was winning larger deals and attracting new customers thanks to its AI solutions in the cloud. Investors and analysts would welcome an update on this and what the future holds for its cloud segment thanks to AI tools.
YouTube passed $50 billion in total ads and subscription revenues over the last four quarters for the first time, he said.
GOOGL Price Action: Alphabet stock closed Monday down 1.37% to $201.23 versus a 52-week trading range of $130.67 to $205.48. Alphabet stock is up 40% over the last year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/25/01/43403758/exclusive-this-magnificent-7-stock-will-feel-the-pinch-of-feds-rate-decision-poll-shows">EXCLUSIVE: This &#8216;Magnificent 7&#8217; Stock Will Feel The Pinch Of Fed&#8217;s Rate Decision, Poll Shows</a></li>
</ul>
Photo: Shutterstock

Previews

Alphabet Q4 Earnings Preview: AI, YouTube, DOJ Case Key Items To Watch

Press Releases

Eros Resources, MAS Gold and Rockridge Resources Sign Definitive Agreement to Complete Strategic Three-Way Merger to Create an Advanced High-Grade Gold and Copper Exploration Company in SK, Canada

Comments

Eros Resources

News

Latest news for Eros Resources (OTC:EROSF) Stock

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga