Goldman Sachs ETF Trust Goldman Sachs Dynamic California Municipal Income ETF (ARCA: GCAL)

Latest news for Goldman Sachs ETF Trust Goldman Sachs Dynamic California Municipal Income ETF (ARCA:GCAL)

The Fund invests, under normal circumstances, at least 80 percent of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (Net Assets) in fixed income securities issued by or on behalf of the state of California and its political subdivisions, agencies and instrumentalities and other states, territories and possessions of the United States (including the District of Columbia) and the political subdivisions, agencies and instrumentalities thereof (Municipal Securities), the interest on which is exempt from regular federal income tax (i.e., excluded from gross income for federal income tax purposes) and California personal income tax.

Goldman Sachs Dynamic California Municipal Income ETF

Goldman Sachs ETF Trust Goldman Sachs Dynamic California Municipal Income ETF

In a tragic incident, a 14-year-old boy was arrested following a mass shooting at a Georgia high school, which resulted in four deaths and nine injuries.
What Happened: The accused, Colt Gray, initiated a shooting at Apalachee High School in Winder, Georgia, causing the deaths of two students and two teachers. The victims were identified as students Mason Schermerhorn and Christian Angulo, and teachers Richard Aspinwall and Christina Irimie. The nine injured are expected to recover.
Gray had been previously interviewed by law enforcement in 2023 over online threats about committing a school shooting. He was armed with a semiautomatic rifle during the attack and surrendered immediately when confronted by deputies.
The Federal Bureau of Investigation had investigated online threats to commit a school shooting in 2023 and had interviewed a 13-year-old subject and his father in nearby Jackson County. The statement did not identify the teen, but Georgia officials said the statement was in connection to Gray.
The tragic incident has reignited the national debate about gun control in the United States. The city of Winder held a prayer vigil on Wednesday night to honor the victims.
See Also: <a href="https://www.benzinga.com/news/24/09/40686379/trump-vs-harris-veteran-pollster-nate-silver-says-vice-president-slight-underdog-to-win-the-white-ho?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Veteran Pollster Nate Silver Says Vice President &#8216;Slight Underdog To Win The White House&#8217; Due To 3 Factors But This &#8216;Disruptive Event&#8217; Could Turn Things Around</a>
President Joe Biden and Vice President Kamala Harris expressed their condolences and called for &#8220;common-sense gun safety legislation.&#8221; Former President Donald Trump also expressed sympathy for the victims on social media.
Why It Matters: The debate over <a href="https://www.benzinga.com/news/24/07/39780789/the-ar-15-rifle-used-to-shoot-trump-is-a-symbol-of-american-gun-rights-which-he-vowed-to-protect">gun control in the U.S</a>. has been a contentious issue for years. The AR-15, the same type of rifle used in this incident, is one of the most commonly owned firearms for U.S. civilians and has become a symbol in the debate over gun laws.
Just days before the shooting, a U.S. court ruled that <a href="https://www.benzinga.com/markets/cannabis/24/08/40655441/cannabis-users-cannot-be-barred-from-gun-ownership-u-s-appeals-court-rules">cannabis users cannot</a> be legally prohibited from owning firearms, further complicating the issue of gun control.
Moreover, a <a href="https://www.benzinga.com/content/40686583/new-book-staying-one-step-ahead-proposes-solutions-to-school-shooting-tragedies">new book titled </a>&#8220;Staying One Step Ahead: Ending the Story of Active Shooter in America's Schools&#8221; by Tom Czyz was released, proposing solutions to school shooting tragedies. 
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 by Dall-E
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

News

Politics

General

Georgia High School Shooting, Which Killed 4 And Injured 9, Sparks Renewed National Gun Control Discussions

FLIC

Trading Halt: Halt status updated at 7:25:00 AM ET: Quotation Resumption: News and Resumption Times

<ul>
<li>Under the terms of the agreement, First of Long Island shareholders will receive 0.5175 shares of ConnectOne common stock for each share of First of Long Island common stock.</li>
<li>The combined company will operate under the ConnectOne brand, and will have approximately $14B in total assets, $11B in total deposits, and $11B in total loans.</li>
</ul>

CNOB

ConnectOne Bancorp Has Agreed To Merge With First Of Long Island Corporation In Transaction Valued At Approximately $284M, Or Approximately $12.40 Per First Of Long Island Share

EXTR

Extreme Networks Says 27 NFL Teams Are Leveraging Solutions Such As Wi-Fi 6E And ExtremeCloud Business Insights For Venues

Offerings

VRNS

Varonis Systems Intends To Offer $350M Of Convertible Senior Notes Due 2029 In Private Offering

Needham analyst Ryan MacDonald upgrades Yext (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) from Hold to Buy and announces $8 price target.

Upgrades

Price Target

Analyst Ratings

YEXT

Needham Upgrades Yext to Buy, Announces $8 Price Target

Guidance

GIII

G-III Apparel Sees Q3 Net Sales Of  $1.10 billion Vs. $1.13B Estimate; Projects Adjusted EPS Of $2.20-$2.30 Vs. $2.61 Estimate

In October 2023, the board of directors approved a $300 million share repurchase program, which was subsequently upsized to $1 billion through December 31, 2025. To date, Talen has repurchased approximately 14% of its shares outstanding for a total of $931 million. Going forward, the Company is authorized to repurchase up to $1.25 billion of incremental outstanding common stock through the fourth quarter of 2026.

Commodities

Markets

Talen Energy Has Approved Upsizing Its Previously Announced Share Repurchase Program, Increasing Remaining Capacity To $1.25B

BNTX

BioNTech To Present Clinical Trial Data For Selected Assets From Its Multi-platform Oncology Pipeline At The European Society For Molecular Oncology Congress 2024, Spain

<a href="https://corporate.target.com/press/fact-sheet/2024/09/target-drive-up-apple-carplay" title="https://corporate.target.com/press/fact-sheet/2024/09/target-drive-up-apple-carplay">https://corporate.target.com/press/fact-sheet/2024/09/target-drive-up-apple-carplay</a>

Tech

AAPL

Target Announced Guests With An Iphone Nationwide Can Now Access Drive Up And Order Pickup Services Using The Target App In Apple CarPlay

Susquehanna analyst James Friedman downgrades Evertec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) from Neutral to Negative and lowers the price target from $38 to $28.

Downgrades

EVTC

Susquehanna Downgrades Evertec to Negative, Lowers Price Target to $28

G-III Apparel Sees FY25 Net Sales Of $3.20B Vs. $3.19B Estimate (Unchanged To Prior Guidance); Projects FY24 Adjusted EPS Of $3.95-$4.05 Vs. $3.66 Estimate (Prior View: $3.58-$3.68)

Draganfly Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPRO#NASDAQ">DPRO</a>) (CSE:<a class="ticker" href="https://www.benzinga.com/stock/DPRO#CSE">DPRO</a>) (FSE: 3U8A) ("Draganfly" or the "Company"), an award-winning, industry-leading drone solutions and systems developer, announces that it has received a purchase order from Virtual Reality Rehab Inc. (VRR) acting as the prime contractor for Commander 3XL and Flex FPV Drones to be deployed within the U.S. DOD for various mission types. VRR performs a variety of US government Projects in fields such as: virtual reality training systems, augmented reality operations systems, small Unmanned Aircraft Systems, and human-robotics interfaces.
The Commander 3XL will carry and transport swarms of Draganfly Flex FPV Drones using VRR's Holowarrior platform, an interoperable augmented reality threat assessment and mitigation platform that is deployable among a variety of autonomous amphibious, ground and aerial vehicles. VRR and Draganfly have collaborated to integrate VRR's advanced software and HellHive functionality on Draganfly's drones. The collaboration also includes the integration of VRR's swarming technology on various Draganfly platforms, including the recently released Flex FPV System.
The modular design and robust payload capacity of the Commander 3XL drone position it as an ideal solution for the remote deployment of FPV Drone Swarms. The adaptability and performance of Draganfly's Flex FPV drone, including payload a capacity of up to 6 lbs and a variety of mounting points, allows for the attachment of a variety of payloads to satisfy mission requirements. Draganfly and VRR have been supporting the integration of VRR's swarming technology with Draganfly's technology stack to address the evolving operational requirements of the modern warfighter, allowing interoperability between multiple vehicle types and with systems such as ATAK and Nett Warrior. As well as integrating AI for self-parking mode enabling motherships (Commander 3XL's) while in-flight to air-recover swarms of small drones.

Government

Regulations

CSE:DPRO

DPRO

Draganfly Secures Purchase Order for Commander 3XL and Flex FPV Drones, Partnering with VRR for US DOD Mission Deployment

Susquehanna analyst Charles Minervino initiates coverage on ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) with a Positive rating and announces Price Target of $75.

Initiation

Susquehanna Initiates Coverage On ATI with Positive Rating, Announces Price Target of $75

Prioritizing A220 deliveries, which have 90% more premium seats and deliver 30% lower unit costs, on average, vs. E190s exiting our fleet.
E190 to exit fleet by end of 2025, simplifying to two fleet types A220 &amp; A320 family.
&nbsp;

JBLU

JetBlue Expects ~Flat Y/Y Capacity Growth In 2025

Piper Sandler analyst Peter Keith maintains Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Neutral and lowers the price target from $112 to $67.

DLTR

Piper Sandler Maintains Neutral on Dollar Tree, Lowers Price Target to $67

Earnings

SAIC

Science Applications Forecasts 2025 Adjusted EPS Of $8.10-$8.30 Compared To Prior Guidance Of $8.00-$8.20 And Consensus Of $8.07, Sees Revenues Of $7.35B-$7.50B Versus Consensus Of $7.44B

Shares of electric-vehicle giant Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) could build on its Wednesday&#8217;s gains as they are solidly higher in premarket trading<a href="https://www.benzinga.com/news/earnings/24/09/40726058/wall-street-futures-narrowly-mixed-as-uncertainty-looms-ahead-of-jobless-claims-data-vix-pulls-back"> even as futures point to a nervous start for Wall Street stocks.</a>
In premarket, the stock rose 2.01% to $223.82, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> This comes on top of the 4.18% jump on Wednesday when the stock weathered the broader market downturn. The upside in part may have been due to the relative attractiveness of the stock from a valuation perspective.
So far this year, the stock has lost about 12% compared to the 15.7% gain for the S&amp;P 500 Index.
On Thursday, the stock could be buoyed by Tesla giving a timeline for launching its full self-driving technology in Europe, and China, one of the company&#8217;s key markets. 
Tesla AI unit released on X the roadmap for its projects and products, which showed that September will see FSD coming to Cybertruck. The electric pickup truck would also get an auto park feature by this timeline. The company also hinted that the FSD will go live in Europe and Asia by the first quarter of 2025, contingent on receiving regulatory approval. International FSD rollout is a tall order, given the kind of data and testing the company needs in these geographies and the difficulty in getting the regulatory nod.
An approval could mean a windfall for Tesla as it can reap in high-margin recurring revenue by selling the FSD package. 
See Also:<a href="https://www.benzinga.com/money/best-electric-vehicle-stocks"> Best EV Stocks</a>
Traders also discussed on social media positive technical trends for the stock.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sometimes, a simple visualization is all you need. After spending months underperforming its peers with a yearly Relative Performance value below 25, once that level was gained, <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> has now started to find support just above it. This could be a sign that outperformance will… <a href="https://t.co/74531Zblax">pic.twitter.com/74531Zblax</a>
&mdash; TrendSpider (@TrendSpider) <a href="https://twitter.com/TrendSpider/status/1831365842820591758?ref_src=twsrc%5Etfw">September 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Wolfe Research analyst Emmanuel Rosner on Wednesday assumed coverage of the stock with a Peer Perform rating. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40550115/horror-show-for-teslas-q3-margins-says-analyst-as-elon-musk-led-company-extends-zero-percent-financi">&#8216;Horror Show&#8217; For Tesla&#8217;s Q3 Margins, Says Analyst, As Elon Musk-Led Company Extends Zero-Percent Financing To End Of Q3</a></li>
</ul>
Image Via Shutterstock

Equities

TSLA

Tesla On Track To Extend Gains: What's Driving EV Maker's Stock Higher In Premarket

On Wednesday, September 4th, the U.S. closed mixed as labor market data and Fed comments suggested a potential rate cut. Job openings in July dropped to a 3.5-year low, signaling a cooling labor market that could bolster the Fed&#8217;s case for a rate cut at its upcoming meeting. The S&amp;P 500 and Nasdaq slipped, while the Dow posted a modest gain.
Economic data revealed the U.S. trade deficit expanded to $78.8 billion in July, the largest since June 2022, rising from $73 billion in June. Meanwhile, job openings fell to 7.673 million in July, down from a revised 7.91 million in June, according to the latest JOLTs report.
Most S&amp;P 500 sectors closed lower, led by losses in energy, tech, and materials, while utilities and consumer staples outperformed and closed higher.
The Dow Jones Industrial Average was up 0.09% and closed at 40,974.97. The S&amp;P 500 ended the day lower by 0.16% at 5,520.07, and the Nasdaq Composite fell 0.30%, finishing the session at 17,084.30.
Asian Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 closed lower by 1.07% at 36,649.00, led by losses in the Precision Instruments, Mining and Chemical, Petroleum &amp; Plastic sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.40%, ending the session at 7,982.40, led by gains in the IT, A-REITs, and Gold sectors.</li>
<li>India&#8217;s Nifty 50 declined 0.21%, closing at 25,145.10, while the Nifty 500 closed higher by 0.06% at 23,762.80.</li>
<li>China&#8217;s Shanghai Composite was up 0.14%, ending the session at 2,788.31, and the Shenzhen CSI rose 0.17%, closing at 3,257.76.</li>
<li>Hong Kong&#8217;s Hang Seng ended the session lower by 0.07% at 17,444.30.</li>
</ul>
Eurozone at 06:15 AM ET
<ul>
<li>The European STOXX 50 index declined 0.32%.</li>
<li>Germany&#8217;s DAX rose 0.14%.</li>
<li>France&#8217;s CAC was down 0.56%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.01%.</li>
</ul>
Commodities at 06:15 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.23% at $69.36/bbl, and Brent was up 0.40% at $73.00 bbl.</li>
<li>Oil prices edged higher, rebounding from multi-month lows due to a potential OPEC+ delay in output increases and a larger-than-expected drop in U.S. crude inventories. However, gains were limited by ongoing concerns about demand, particularly in China.</li>
<li>Natural Gas gained 0.05% to $2.146.</li>
<li>Gold was trading higher by 0.83% at $2,547.15, Silver gained 1.85% to $29.085, and Copper rose 0.56% to $4.1018.</li>
</ul>
US Futures at 06:15 AM ET
Dow futures were up 0.07%, S&amp;P 500 futures rose 0.02%, and Nasdaq 100 Futures slid 0.10%.
Forex at 06:15 AM ET
The U.S. dollar index fell 0.16% to 101.19, the USD/JPY was down 0.14% to 144.51, and the USD/AUD gained 0.02% to 1.4873.
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Forex

ADIV

AGOV

ASHR

BBEU

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Gain an Edge Using Pro's Market Moving News Breaks — 50% OFF

Gain an Edge Using Pro's Market Moving News Breaks — 50% OFF

Comments

Goldman Sachs ETF Trust Goldman Sachs Dynamic California Municipal Income ETF

News

Latest news for Goldman Sachs ETF Trust Goldman Sachs Dynamic California Municipal Income ETF (ARCA:GCAL)