Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ: EVMT)

Latest news for Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT)

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

Ripple (<a href="https://www.benzinga.com/money/how-to-buy-ripple-xrp/">XRP</a>) CEO Brad Garlinghouse scrutinized U.S. Securities and Exchange Commission (<a href="https://www.benzinga.com/sec">SEC</a>) Chair <a href="https://www.benzinga.com/topic/gary-gensler">Gary Gensler</a> on June 25 regarding his approach to <a href="https://www.benzinga.com/money/best-cryptocurrencies-to-invest">cryptocurrency</a> regulation. Garlinghouse asserted that Gensler's stance could lead to political collapse for the Democratic Party, alluding to potential defeat for President <a href="https://www.benzinga.com/topic/joe-biden">Joe Biden's</a> reelection this November.&nbsp;
Don't Miss:
<ul>
<li>According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire,<a href="https://www.benzinga.com/money/adv-6eth"> here&#8217;s why it can be true</a>.</li>
<li>If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/bydfi-doge"> here&#8217;s how much you&#8217;d have today</a>.</li>
</ul>
On June 25, Bloomberg Live's X (formerly known as Twitter) account tweeted about Gensler&#8217;s recent interview. The tweet included a clip from the interview with a caption quoting Gensler's current crypto stance: "This is a field where the leading lights from a couple of years ago are either in jail, about to go to jail, or awaiting extradition."&nbsp;
Gensler received tremendous backlash from his bearish crypto stance in this tweet. One person replied, "Translation: ‘Look, if we allow people to have control over their own money, how are we going to control them then?'" Another account with 40,000 followers simply said, "F&#x2A;&#x2A;&#x2A; you Gary." This portrays how fed up the community is with the mainstream political media covering crypto with mendacious narratives. People are candidly addressing their opinions.
Most notably, Garlinghouse ostracized the tweet, stating, "Absolute nonsense coming from<a href="https://x.com/GaryGensler"> @GaryGensler</a> today." He then highlighted Gensler's hypocrisy, "And this slander about ‘all crypto execs going to jail' from the man who completely missed FTX (and cozied up to SBF), and wasn't even invited to the DOJ announcement about Binance." This assertion highlights the irony in Gensler&#8217;s comments about crypto executives going to jail, especially when he once stood with <a href="https://www.benzinga.com/topic/sam-bankman-fried">Sam Bankman-Fried</a> (former FTX CEO) amid fraud accusations. Also, his comment underscores the crypto community&#8217;s frustration, who believe the current regulatory environment stifles crypto's innovation in America.&nbsp;
Trending: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Investing in its booming real estate market has never been more accessible.</a>
Garlinghouse finished his tweet with a bold remark: "Gensler will cause Biden to lose the election." This sentiment echoes a growing concern that the SEC's aggressive crypto stance could have implications beyond the financial sector. It emphasizes the need for a new political advocate to save crypto from being run into the ground.&nbsp;
The crypto community commended Garlinghouse's take, replying, "Brad says what everyone thinks … I love it." Another X account with 40,000 followers commented, "Who doesn't h&#x2A;te Gary Gensler?" The crypto community seems to agree that Gensler's stance is two-faced, with an underlying mission to sabotage crypto.
Analysts speculate that former U.S. President Donald Trump could leverage this "call to action" for votes in the upcoming election. A recent Bloomberg article mentions that similar to the post-2016 election stock market, Trump's victory could have a similar effect on crypto. Analysts included, "If the election sentiment shifts more Republican, crypto will end up as the primary ‘Trump trade' and hopes a favorable regulatory regime would change the ‘use-case' narrative around blockchains."
The ongoing tension between the SEC and the crypto industry has caused the crypto community to criticize Gensler's stringent approach. Well-known crypto figures like Garlinghouse are speaking up to defend crypto and retaliate against the industry&#8217;s biggest critics. The Democratic Party faces challenges keeping the crypto community satisfied, potentially <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39552551/donald-trumps-election-odds-surge-to-64-following-debate-according-to-crypto-bettors">forfeiting votes to Trump</a>. Nonetheless, the SEC and crypto's relationship is fraught with challenges, and this conflict's aftermath will have everlasting effects on virtual currency.&nbsp;
Read Next:
<ul>
<li>1 in 4 Americans own a share of Bitcoin according to NASDAQ,<a href="https://www.benzinga.com/money/nasdaq-1in4-adv"> how many people got started through this free crypto faucet?</a></li>
<li>No generation before Gen Z has had this investment opportunity &#8211;<a href="https://www.benzinga.com/money/retiring-at-30-adv"> How successful Zoomers plan to retire in their 30's</a>.</li>
</ul>

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

Cryptocurrency

Ripple CEO Criticizes SEC Chair's Stance That Crypto Is 'Non-Compliant With Current Regulations' — Says 'Gensler Will Cause Biden to Lose the Election'

TH International Limited ("Tims China" (Nasdaq: <a href="https://www.benzinga.com/stock/thch#Nasdaq">THCH</a>)), the exclusive operator of Tim Hortons coffee shops in China, secured an aggregate of up to $65 million of financing and additional funding from its founding shareholders, Cartesian Capital Group, LLC ("Cartesian") and Restaurant Brands International Inc. ("RBI" (NYSE: <a href="https://www.benzinga.com/stock/qsr#NYSE">QSR</a>)). &nbsp;
The financing includes $50 million in convertible notes, of which $40 million was issued at closing, with the balance to be funded over the coming 7 months, subject in each case to certain conditions. The three-year notes are convertible into newly issued convertible preferred shares of Tims China, which convert to ordinary shares at a price per share based on 110% of the VWAP for the 5 trading days immediately prior to closing of the transaction.

News

Contracts

Global

THCH

TH International, The Exclusive Operator Of Tim Hortons Coffee Shops In China, Secured An Aggregate Of Up To $65M Of Financing And Additional Funding From Its Founding Shareholders, Cartesian Capital Group And Restaurant Brands International Inc.

Biotech

General

EXAS

Geneoscopy Files Lawsuit Against Exact Sciences For Breach Of Contract And Misappropriation Of Trade Secrets; Seeks Compensatory And Punitive Damages, Attorneys' Fees, And Other Remedies In Federal Court In Delaware

Merck And Orion Announce Mutual Exercise Of Option To Convert Opevesostat Co-Commercialization Agreement Into An Exclusive Global License For Merck; Orion Now Eligible For Development Milestones Up To $30M, Regulatory Milestones Up To $625M, And Sales Milestones Up To $975M

<a href="https://www.dynatrace.com/news/blog/aws-application-migration-service-integration/" title="https://www.dynatrace.com/news/blog/aws-application-migration-service-integration/">https://www.dynatrace.com/news/blog/aws-application-migration-service-integration/</a>

AMZN

'Dynatrace Becomes The First AWS Partner To Integrate With AWS Application Migration Service' - Dynatrace

IREN (Iris Energy Limited) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update.
<ul>
<li>2024&nbsp;expansion fully funded
<ul>
<li>$425.3m cash1, no debt</li>
<li>30 EH/s and 510MW of data centers in 2024 fully funded</li>
<li>Additional cash buffer, providing flexibility in respect of:
<ul>
<li>procurement items for 2025+ expansion;</li>
<li>prospective connection agreements for additional power capacity; and</li>
<li>other general purposes, e.g. in relation to potential power monetization activities (see below)</li>
</ul>
</li>
</ul>
</li>
<li>Monetization program for power and land portfolio
<ul>
<li>Near-term focus on accelerating monetization opportunities for broader power and land portfolio, including the 1,400MW project in West Texas</li>
<li>All options under consideration, including asset sales, colocation deals, joint ventures, build-to-suit data centers, as well as expansion of existing GPU fleet</li>
</ul>
</li>
</ul>

IREN

IREN Provides Business Update; The 2024 Expansion Fully Funded, $425.3M Cash, No Debt; 30 EH/s And 510MW Of Data Centers In 2024 Fully Funded

TH International Limited Secures Up To $65M Financing; Includes $50M In Convertible Notes With $40M Issued At Closing; RBI Acquires Popeyes China Business For $15M; Tims China Issues $15M Convertible Note To Extinguish Deferred Consideration For Popeyes China Acquisition

Pitney Bowes Increases Cost Rationalization Program's Savings Target From $60M-$100M To $120M-$160M

Guess? Expands Existing European Credit Facility By €100M

Management has Expeditiously Implemented ~$70 Million in Cost Reductions Over the Past Month and Identified New Opportunities for Strengthening Pitney Bowes
The Cost Rationalization Program's Increased Savings Target is $120 Million to $160 Million, Up from $60 Million to $100 Million
Pitney Bowes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced an update on the first phase of the Company's cost rationalization initiative, which was previously announced in late May 2024.
The Company has identified and initiated approximately $70 million in cost savings, the majority of which has already been eliminated in the second quarter. Approximately $25 million of non-recurring charges associated with these efforts are expected to be recorded in the second quarter. The cost reductions announced today are anticipated to be largely reflected in the Company's second half of 2024 pre-tax earnings and fully reflected in 2025.

Management

Pitney Bowes Provides Update on Accelerated Progress of Cost Rationalization Program and Increases Savings Targets; Cost Rationalization Program's Increased Savings Target Is $120M-$160M, Up From $60M-$100M

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Ammo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWW#NASDAQ">POWW</a>)</h3>
<ul>
<li>On June 13, AMMO posted a profit for the first quarter. Jared Smith, AMMO&#8217;s CEO, commented &#8220;Sales increased sequentially despite a slower market environment. We continued to make progress this quarter and ended the fiscal year with a strong pipeline of rifle ammunition and casing sales while accelerating our buildout of GunBroker&#8217;s capabilities. This is most evident as we start to deliver on our ZRO Delta contract, while continuing the advancement in financing, cross selling, and carting of accessories that will take place with GunBroker in Fiscal 2025.&#8221; The company's stock fell around 38% over the past month and has a <a href="https://www.benzinga.com/quote/POWW">52-week low of $1.60</a>.</li>
<li>RSI Value: 29.16</li>
<li>POWW Price Action: Shares of Ammo gained 1.8% to close at $1.68 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">latest POWW's news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="678" height="730" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190136/Screenshot-2024-07-01-at-6.01.30-AM.png" alt="" class="wp-image-412745" style="width:494px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190136/Screenshot-2024-07-01-at-6.01.30-AM.png 678w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190136/Screenshot-2024-07-01-at-6.01.30-AM-279x300.png 279w" sizes="(max-width: 678px) 100vw, 678px" /></a></figure>
<h3 class="wp-block-heading">Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>Helen of Troy is scheduled to release its first quarter fiscal 2025 results before the opening bell on Tuesday, July 9. The company's stock fell around 13% over the past month. It <a href="https://www.benzinga.com/quote/HELE">has a 52-week low</a> of $87.50.</li>
<li>RSI Value: 28.92</li>
<li>HELE Price Action: Shares of Helen of Troy fell 1.7% to close at $92.74 on Friday.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">trend in HELE's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="685" height="742" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190228/Screenshot-2024-07-01-at-6.02.22-AM.png" alt="" class="wp-image-412746" style="width:497px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190228/Screenshot-2024-07-01-at-6.02.22-AM.png 685w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190228/Screenshot-2024-07-01-at-6.02.22-AM-277x300.png 277w" sizes="(max-width: 685px) 100vw, 685px" /></a></figure>
<h3 class="wp-block-heading">Yum China Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)</h3>
<ul>
<li>On April 29, Yum China reported mixed first-quarter financial results. Joey Wat, CEO of Yum China, commented, &#8220;We achieved solid sales growth in the first quarter with total revenues hitting an all-time high. Our core operating profit grew modestly from last year&#8217;s high base and EPS was up double digits excluding foreign currency.&#8221; The company's stock fell around 18% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/YUMC">low of $30.76.</a></li>
<li>RSI Value: 22.38</li>
<li>YUMC Price Action: Shares of Yum China fell 1.5% to close at $30.84 on Friday.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1">Benzinga Pro's signals feature</a> notified of a potential breakout in Yum China's shares.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard/?utm_source=BZprocontent070124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="661" height="752" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190404/Screenshot-2024-07-01-at-6.03.58-AM.png" alt="" class="wp-image-412747" style="width:478px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190404/Screenshot-2024-07-01-at-6.03.58-AM.png 661w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30190404/Screenshot-2024-07-01-at-6.03.58-AM-264x300.png 264w" sizes="(max-width: 661px) 100vw, 661px" /></a></figure>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39545594/wall-streets-most-accurate-analysts-give-their-take-on-3-health-care-stocks-with-over-3-dividend-yie">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 3% Dividend Yields</a>

Long Ideas

Pre-Market Outlook

Markets

Trading Ideas

HELE

POWW

YUMC

Top 3 Consumer Stocks That Could Blast Off In July

NRXP

NRx Pharmaceuticals Outlines Potential Paths To Revenue And Profitability In 2025; New Shareholder Update Highlights Potential 2024 Revenue From HOPE Therapeutics-Branded Clinics, 2025 Revenue From Sales Of NRX-100 (IV Ketamine) Pending FDA Approval, And 2025 Revenue From NRX-101 For Suicidal Bipolar Depression And Akathisia

The new experience allows consumers to seamlessly try on up to 53 AR wigs, including fashion wigs and medical wigs in a wide range of colors and styles

PERF

Perfect Partners With NAO-ART To Power Generative AI Wig Virtual Try-On Experience

~ The proposed transaction represents a total equity value of USD 170 million for the combined company on a pro forma basis ~
~ American Metals LLC, a cutting-edge recycler of metals for the electrified economy, operates within the U.S. coal country surrounded by an abundance of copper, aluminum and metal reserves from former thermal coal mines ~
~ Leveraging its successful track record, American Metals LLC seeks to expand its preprocessing of both end of life magnets, lithium-ion batteries and ferrous metals to ensure a domestic supply chain for copper, aluminum, steel, plastic as well as rare earth and battery elements ~
New York, New York and Fishers, Indiana, July 01, 2024 (GLOBE NEWSWIRE) -- American Resources Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREC#NASDAQ">AREC</a>) ("American Resources") wholly-owned subsidiary, American Metals LLC ("American Metals"), and AI Transportation Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AITR#NASDAQ">AITR</a>), a publicly-listed special purpose acquisition company ("AITR"), today announced that American Metals and AITR have executed a definitive business combination agreement (the "Business Combination Agreement") for a proposed business combination (the "Business Combination") in a transaction valued at $170,000,000.

AITR

AREC

American Resources Corporation's American Metals Completes Business Combination With Nasdaq Listed AI Transportation Acquisition Corp

Guidance

VTAK

Catheter Precision Sees Prelim Q2 Revenue $94.84K Vs $288K Est.

Aileron Therapeutics, Inc. ("Aileron" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRN#NASDAQ">ALRN</a>), a biopharmaceutical company advancing a novel pipeline of first-in-class medicines to address significant unmet medical needs in orphan pulmonary and fibrosis indications, today announced that the Company is set to join the Russell Microcap&#xAE;&nbsp;Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024.

ALRN

Aileron Therapeutics Included In The Russell Microcap Index

GTHX

G1 Therapeutics Added To Russell 2000 And 3000 Indexes, Effective At Open Jul. 1

CALC

CalciMedica Joins Russell Microcap Index

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) reportedly informed over a dozen Texas state agencies and public universities that Russian state-sponsored hackers accessed their emails through a breach disclosed in January.
The hackers, linked to Russian intelligence services, infiltrated Microsoft&#8217;s systems and stole emails from some company executives, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-28/microsoft-tells-texas-agencies-they-were-exposed-in-russian-hack?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
The affected Texas entities include the Texas Department of Transportation, Texas Workforce Commission, Texas Department of Motor Vehicles, Texas General Land Office, and Texas State Securities Board, the report mentioned.
The attack, attributed to a group known as Midnight Blizzard, has led to ongoing investigations by the state and Microsoft.
Steve Pier, an official with the Texas cybersecurity agency, acknowledged the breach, stating that so far, only routine administrative emails have been exposed, per the report.
Pier emphasized that the state itself was not breached, but Microsoft was, involving some state emails. The Texas Department of Information Resources is assessing the scope of the exposure.
Read Also: <a href="https://www.benzinga.com/news/24/06/39550891/microsofts-13b-investment-in-openai-under-eu-scrutiny" target="_blank" rel="noreferrer noopener">Microsoft&#8217;s $13B Investment In OpenAI Under EU Scrutiny</a>
Microsoft has been notifying affected customers and offering support to mitigate the breach&#8217;s impact. Microsoft told the General Land Office that hackers accessed 11 emails, primarily related to technical support, with no sensitive information compromised.
The breach, attributed to Midnight Blizzard, also known as APT 29 or Cozy Bear, has raised concerns about potential access to sensitive information.
Microsoft stock has gained more than 32% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and&nbsp;IShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>).
Price Action: MSFT shares are trading higher by 0.40% at $448.73 in premarket at last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: B_A from Pixabay
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39502578/openais-china-exit-sets-stage-for-local-ai-surge-with-baidu-alibaba-as-potential-gainers" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s China Exit Sets Stage For Local AI Surge With Baidu, Alibaba As Potential Gainers</a></li>
</ul>

Media

iShares Dow Jones US Technology Sector Index Fund

MSFT

Microsoft Hack Exposes Texas Agencies To Russian State-Sponsored Attack: Report

<ul>
<li>As Previously Announced, Richard A. Gonzalez Retires as Chief Executive Officer to Become Executive Chairman</li>
<li>Robert A. Michael Joins AbbVie Board of Directors</li>
</ul>
NORTH CHICAGO, Ill., July 1, 2024 /PRNewswire/ --&nbsp;AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) today announced that Robert A. Michael has assumed the role of chief executive officer (CEO) and has joined AbbVie's Board of Directors, effective today. As previously announced, Mr. Michael succeeds Richard A. Gonzalez, who has served as CEO since the company's inception in 2013. Mr. Gonzalez has become executive chairman of the board of directors.