Latest news for FTAC Emerald (NASDAQ:FLDDU) Stock

FTAC Emerald Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, with one or more businesses or assets.

FTAC Emerald Acquisition Corp

Generation Income (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIPR#NASDAQ">GIPR</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.02 by 50 percent. The company reported quarterly sales of $2.259 million which beat the analyst consensus estimate of $2.250 million by 0.40 percent. This is a 69.98 percent increase over sales of $1.329 million the same period last year.

Earnings

Earnings Beats

News

GIPR

Generation Income Q2 2024 FFO $0.03 Beats $0.02 Estimate, Sales $2.259M Beat $2.250M Estimate

<ul>
<li>Net income per common share on fully diluted basis was $0.21, including $0.08 of gain on redemption of preferred shares, compared to $0.10 for the prior year. Net income per common share on basic basis was $0.57, including $0.23 gain on redemption of preferred shares, compared to $0.32 for the prior year.</li>
<li>Consolidated net sales (revenue) increased 17% to a record $27.5 million compared to $23.5 million in the prior year primarily due to the increase in marketing and sales initiatives in our hearing protection and enhancement segment.&nbsp;</li>
</ul>

AXIL

AXIL Brands FY24 EPS $0.21 Up From $0.10 YoY; Revenue $27.498M Up From $23.521M YoY

&nbsp;Quest Diagnostics&nbsp;Incorporated&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) (the &quot;Company&quot;), a leader in diagnostic information services, today announced the pricing of a public offering of&nbsp;$400 million&nbsp;aggregate principal amount of its&nbsp;4.600%&nbsp;senior notes due 2027 (the &quot;2027 notes&quot;),&nbsp;$600 million&nbsp;aggregate principal amount of its&nbsp;4.625%&nbsp;senior notes due 2029 (the &quot;2029 notes&quot;) and&nbsp;$850 million&nbsp;aggregate principal amount of its&nbsp;5.000%&nbsp;senior notes due 2034 (the &quot;2034 notes,&quot; and together with the 2027 notes and the 2029 notes, the &quot;notes&quot;) under Quest Diagnostics&#39; shelf registration statement.&nbsp;

Reported Earlier, Quest Diagnostics Prices $1.85B Senior Notes Due 2027, 2029, And 2034

Reported Earlier, Lotus Robotics Powers Lynk&Co's First All-Electric Sedan With Advanced Intelligent Driving Solutions

The <a href="https://www.benzinga.com/markets/equities/24/08/40406284/nasdaq-100-sees-best-6-day-rally-since-late-2022-as-traders-ride-bull-market-wave-tech-stocks-on">equity market has been on a tear </a>and what is more remarkable is its strong rebound from the mayhem seen on Aug. 5. Former White House Communications Director Anthony Scaramucci on Thursday commented about the strong comeback by the market, delving into the potential reasons thereof.
What Happened: The Nasdaq Composite and the S&amp;P 500 Index ended higher for a sixth straight session on Thursday, with earnings, slowing inflation, and evidence of the economy averting a hard landing driving traders to dip further into equities. The Aug. 5 market collapse was engendered by fears concerning growth and the unwinding of the yen carry trades, and the one-day sell-off dragged the major indices down by over 2.5% each.
Since the crash, the three averages have made decent gains. The Nasdaq Composite, S&amp;P 500 and the Dow Industrials have gained 8.6%, 6.9% and 4,8%, respectively, from Aug. 5. 
On Thursday, they rallied on the back of a decline in weekly jobless claims, a smaller-than-expected contraction in manufacturing activity in New York and Philadelphia and a robust retail sales reading.
The S&amp;P 500 Index, a measure of broader market performance, is now perched at a three-week high.
See Also: <a href="https://www.benzinga.com/money/best-growth-stocks">Best Growth Stocks</a>
Harris Connection? Scaramucci said the market&#8217;s rebound toward all-time highs may have to do with Democratic Presidential candidate Kamal Harris&#8217; rising poll numbers. Polling analytics website FiveThirtyEight&#8217;s compilation of results from nationwide polls shows that Harris now led Republican candidate Donald Trump by 46.3%-43.5%.
&#8220;Investors are relieved America won't have to live under an unstable wannabe autocrat,&#8221; the entrepreneur and founder of SkyBridge Capital said. 
In a separate post, Scarmucci said, &#8220;Trump psychologically is coming to grips with losing this election. He is growing darker as a result of it. Will be a rough 81 days.&#8221;
Harris has yet to announce her economic agenda and hasn&#8217;t made public the potential policy she will likely pursue if she makes it to the White House. The vice president is due to deliver a major economic speech in North Carolina on Friday.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the S&amp;P 500 Index, ended Thursday&#8217;s session up 1.71% to $553.07, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image Via Shutterstock

Long Ideas

Politics

Markets

Trading Ideas

Anthony Scaramucci Says Kamala Harris' Poll Numbers Are Driving Market Higher, Predicts 'Rough 81 Days' Ahead For Trump

Project design will begin immediately after contract execution, while construction is estimated to start in the second half of 2025 with substantial completion expected in 2030. Parsons Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSN#NYSE">PSN</a>) will serve as Tutor Perini&#39;s design subcontractor

Contracts

Reported Earlier, Tutor Perini Secures $1.66B Contract To Build Six Rail Stations And Elevated Guideway In Honolulu

Chris Bakke, the <a href="https://www.benzinga.com/news/23/09/34187105/tesla-taps-into-x-for-hiring-and-so-do-these-companies-elon-musk-finds-it-cool">product lead at</a> X, formerly Twitter, has announced his exit from Tesla and SpaceX CEO Elon Musk&#8217;s social media company.
What Happened: On Thursday, Bakke took to X, and revealed this development saying, &#8220;My last day was a week ago, so feel free to stop asking me to look at broken things with your account.&#8221;
While he did not provide any reason behind this decision, Bakke said that he has no immediate plans for his next career move. &#8220;For the first time in my career, I have no plans for what&#8217;s next.&#8221;
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40332493/apples-thinner-iphone-17-air-with-sleeker-design-could-be-a-game-changer-says-promi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s Thinner iPhone 17 &#8216;Air&#8217; With Sleeker Design Could Be A Game-Changer, Says Prominent Tech Bull: Here&#8217;s Why</a>
The former product lead has been a significant contributor to the success of two businesses on the X over the past four years. His first venture, Laskie, a job-matching platform, was the first to be acquired under Musk&#8217;s ownership last year.
Laskie then led to his second venture, XHiring, a competitor to Microsoft&#8217;s LinkedIn. According to Bakke, XHiring has amassed over one million <a href="https://www.benzinga.com/news/23/09/34354404/you-can-now-apply-for-jobs-on-x-with-this-feature-two-weeks-after-musk-called-linkedin-cringe">active jobs from top employers</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">An update: I&#39;ve decided to leave <a href="https://twitter.com/X?ref_src=twsrc%5Etfw">@X</a> &#8211; you know &#8211; the company, not the platform. My last day was a week ago, so feel free to stop asking me to look at broken things with your account. Over the last 4 years, I&#39;ve been fortunate to build two incredible businesses on this…
&mdash; Chris Bakke (@ChrisJBakke) <a href="https://twitter.com/ChrisJBakke/status/1824206578746265856?ref_src=twsrc%5Etfw">August 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bakke did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: This departure comes amidst a series of unsettling events at X. 
Earlier in June, X CEO Linda Yaccarino reportedly left employees in the <a href="https://www.benzinga.com/news/24/06/39304750/linda-yaccarino-reportedly-leaves-staff-in-dark-over-delayed-promotions-who-is-the-grim-reaper-that">dark about delayed promotions</a> and failed revenue targets, leading to speculation about potential layoffs. 
This was followed by a significant reshuffling of the leadership team by Yaccarino who was <a href="https://www.benzinga.com/news/24/07/39660279/linda-yaccarino-feels-the-heat-as-elon-musk-builds-pressure-amid-xs-plummeting-ad-revenue-report">reportedly under pressure</a> from Musk to reduce costs and boost sales.
Meanwhile, X is currently facing a $20 million lawsuit from <a href="https://www.benzinga.com/news/24/08/40298641/elon-musks-x-faces-20m-lawsuit-from-ex-twitter-board-member-omid-kordestani-over-unpaid-shares">former Twitter board</a> member Omid Kordestani over unpaid shares. 
The platform also won a <a href="https://www.benzinga.com/news/24/07/39702644/elon-musks-x-corp-wins-500m-severance-lawsuit-judge-rules-laid-off-twitter-employees-claims-not-cove">$500 million severance lawsuit</a> after the claims of laid-off Twitter employees were determined not to fall under ERISA coverage.
These events, coupled with Bakke&#8217;s departure, could potentially impact the company&#8217;s future direction and performance.
Check out more of Benzinga's Consumer Tech coverage by <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/analyst-ratings/analyst-color/24/08/40393092/as-googles-parent-alphabet-appeals-against-dojs-antitrust-ruling-to-avoid-potential?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">As Google&#8217;s Parent Alphabet Appeals Against DOJ&#8217;s Antitrust Ruling To Avoid Potential Breakup, Expert Says &#8216;Consumers Aren&#8217;t Going To Search On Bing Over Apple&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Product Lead At Elon Musk's X, Known For Building LinkedIn Rival, Decides To Part Ways With Platform

Reported Earlier, UL Solutions Raises Alarm Over Unauthorized UL Mark On Wi-Fi Smoke Detector Sold By Jinlankeji Co. Ltd

Siyata Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) reported quarterly sales of $1.890 which missed the analyst consensus estimate of $3.000 million by 100.00 percent. This is a 100.00 percent decrease over sales of $2.711 million the same period last year.

SYTA

Siyata Mobile Q2 Sales $1.890 Miss $3.000M Estimate; Net Loss $12.92M Down From $2.33M YoY

Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today announced the pricing of its underwritten public offering (the "Offering") of US$150,000,000 aggregate principal amount of 8.50% convertible senior notes due 2029 (the "Notes"). The sale of the Notes is expected to close on August 20, 2024, subject to customary closing conditions. The Company also granted the underwriters in the Offering a 30-day option to purchase up to an additional US$22,500,000 aggregate principal amount of Notes on the same terms and conditions, solely to cover over-allotments.
Bitdeer estimates that the net proceeds from the Offering will be approximately US$144.5 million (or approximately US$166.3 million if the underwriters exercise their over-allotment option in full), after deducting the underwriters' discounts and commissions and estimated offering expenses payable by Bitdeer.
The Company intends to use the net proceeds from the Offering for datacenter expansion, ASIC based mining rig development as well as working capital and other general corporate purposes.

Offerings

BTDR

Bitdeer Technologies Raises $150M Via Convertible Notes Offering For Datacenter Expansion, ASIC Based Mining Rig Development

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, but the index remained in the &#8220;Fear&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the S&amp;P 500 recording gains for the sixth consecutive session. The index is now down around 2% from its record after gaining more than 3% this week.
On the economic data front, U.S. retail sales gained 1% month-over-month in July versus a revised 0.2% decline in June and higher than market estimates of a 0.3% gain. U.S. initial jobless claims declined by 7,000 to 227,000 in the week ending August 10, versus market estimates of 235,000. The NY Empire State Manufacturing Index rose to -4.7 in August, notching the highest level in six months.
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) reported downbeat sales for its fiscal first quarter. Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) announced strong second-quarter results and raised full-year guidance. Shares of Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) rose 6.8% during Thursday&#8217;s session following better-than-expected quarterly earnings.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, information technology, and materials stocks recording the biggest gains on Thursday. However, real estate and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 555 points to 40,563.06 on Thursday. The S&amp;P 500 rose 1.61% to 5,543.22, while the Nasdaq Composite gained 2.34% at 17,594.50 during Thursday's session.
Investors are awaiting earnings results from Madison Square Garden Entertainment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGE#NYSE">MSGE</a>), CI&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CINT#NYSE">CINT</a>), and Flowers Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 32.9, the index remained in the &#8220;Fear&#8221; zone on Thursday, versus a prior reading of 27.6.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40394036/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job">Jim Cramer Recommends Buying Clorox: &#8216;CEO Has Done Remarkable Job&#8217;</a></li>
</ul>

Pre-Market Outlook

BABA

CINT

CSCO

MSGE

Dow Jumps Over 550 Points Following Retail Sales Data: Greed Index Remains In 'Fear' Zone

Lazydays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) reported quarterly losses of $(1.42) per share which missed the analyst consensus estimate of $(0.24) by 491.67 percent. This is a 1114.29 percent decrease over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $238.694 million which missed the analyst consensus estimate of $303.800 million by 21.43 percent. This is a 22.60 percent decrease over sales of $308.380 million the same period last year.

Earnings Misses

GORV

Lazydays Q2 2024 Adj. EPS $(1.42) Misses $(0.24) Estimate, Sales $238.694M Miss $303.800M Estimate

Macro Economic Events

Econ #s

Economics

U.K. Retail Sales (MoM) For July 0.5% Vs. 0.6% Est.; -0.9% (Revised) Prior

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Madison Square Garden Entertainment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGE#NYSE">MSGE</a>) to report a quarterly loss at $2.27 per share on revenue of $271.32 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Madison Square Garden shares gained 3.5% to $40.00 in after-hours trading.</li>
<li>Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40406069/applied-materials-q3-earnings-revenue-beat-eps-beat-demand-being-driven-by-race-for-ai-leadership-a">reported better-than-expected results</a> for its third quarter. The company said it anticipates fourth-quarter revenue of $6.53 billion, plus or minus $400 million, versus estimates of $6.91 billion. The company expects fourth-quarter adjusted earnings to be between $2 and $2.36 per share, versus estimates of $2.14 per share. Applied Materials shares fell 3.1% to $205.30 in the after-hours trading session.</li>
<li>Analysts are expecting CI&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CINT#NYSE">CINT</a>) to post quarterly earnings at 6 cents per share on revenue of $99.03 million. The company will release earnings before the markets open. CI&amp;T shares rose 10.4% to $7.45 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here </a>
<ul>
<li>H&amp;R Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40407075/h-r-block-q4-earnings-revenue-beat-eps-beat-strong-guidance-1-5b-buyback-stock-up-9">reported better-than-expected</a> fourth-quarter financial results and increased its quarterly dividend by 17%. H&amp;R Block said it expects full-year 2025 revenue to be in the range of $3.69 billion to $3.75 billion versus estimates of $3.575 billion, per Benzinga Pro. The company sees full-year adjusted earnings in the range of $5.15 to $5.35 per share versus estimates of $4.30 per share. H&amp;R Block shares jumped 10% to $63.23 in the after-hours trading session.</li>
<li>Analysts expect Flowers Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>) to post quarterly earnings at 33 cents per share on revenue of $1.24 billion before the opening bell. Flowers Foods shares gained 1.5% to $22.99 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40394036/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job">Jim Cramer Recommends Buying Clorox: &#8216;CEO Has Done Remarkable Job&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

AMAT

Applied Materials, H&R Block And 3 Stocks To Watch Heading Into Friday

U.K. Retail Sales (YoY) For July 1.4% Vs. 1.4% Est.; -0.3% (Revised) Prior

U.K. Core Retail Sales (MoM) For July 0.7% Vs. 0.8% Est.; -1.3% (Revised) Prior

U.K. Core Retail Sales (YoY) For July 1.4% Vs. 1.4% Est.; -0.8% Prior

MGNI

Reported Earlier, TargetSmart Partners With Magnite, Unlocking Efficient Data-Driven Political Advertising Across 92M CTV Households

TELUS Corporation&nbsp;today announced that it has acquired, through a wholly owned subsidiary, an aggregate of 2,593,178 subordinate voting shares in the capital of TELUS International (Cda) Inc. (&quot;TELUS Digital&quot;) by way of market purchases over the facilities of the Toronto Stock Exchange. The acquired subordinate voting shares (the &quot;Purchased Shares&quot;) represent more than&nbsp;2%&nbsp;of the outstanding subordinate voting shares acquired since TELUS&#39; prior early warning report filed on&nbsp;May 16, 2023

TIXT

Reported Earlier, TELUS Increases Stake In TELUS Digital With Acquisition Of Over 2.5M Subordinate Voting Shares

The Company intends to use&nbsp;$102.9 million&nbsp;of the net proceeds from the offering to fund the purchase price for the proposed acquisition of eight senior living communities. The Company intends to use the remaining net proceeds from the offering, including any net proceeds from the underwriters&#39; exercise of their option to purchase additional shares, for other general corporate purposes.

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