Latest news for Gemxx (OTC:GEMZ) Stock

Gemxx Corp is in the business of acquiring mining rights, mining, production, and distribution of gold, precious and semi-precious stones, and jewelry made from these metals and stones. It controls each stage of its production including gold mining, gemstone production, jewelry manufacturing, and distribution.

Gemxx Corp

GEMZ Corp

Cryptocurrency analyst James Van Straten expressed skepticism on Thursday over the immediate announcement of a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategic reserve on Day 1 of Donald Trump&#8217;s office.
What Happened: Van Straten ruled out the possibility of Trump issuing an executive order establishing a Bitcoin reserve, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42505162/trump-reportedly-considering-executive-order-to-establish-strategic-bitcoin-reserve">contrary to previous reports.</a>
&#8220;I don&#8217;t&nbsp;see Donald Trump announcing a&nbsp;BTC reserve via an executive&nbsp;order on Day 1 or&nbsp;in the near term,&#8221; he wrote on X. 
Van Straten added that Trump, who is pro-Bitcoin, would likely buy in the background instead of making a public announcement. &#8220;No advantage announcing to the world about a BTC reserve as the price will just run away from him. He will just buy in the background.&#8221;
<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 don&#39;t see Donald Trump announcing a <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> reserve via an executive order on Day 1 or in the near-term. He is already pro BTC. No advantage announcing to the world about a <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> reserve as the price will just run away from him. He will just buy in the background. Most likely,…
&mdash; James Van Straten (@btcjvs) <a href="https://twitter.com/btcjvs/status/1874785633870225408?ref_src=twsrc%5Etfw">January 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The most likely scenario was Trump restricting the sale of the seized Bitcoins held by the U.S. government, Van Straten said. 
As of this writing, the government holds 198,109 Bitcoins in asset forfeiture funds,&nbsp;<a href="https://intel.arkm.com/explorer/entity/usg" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to analytics firm Arkham Intelligence.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42778468/congressman-buys-more-ski-mask-dog-coin-will-meme-coin-hit-new-all-time-highs-on-latest-disclosure">Congressman Buys More Ski Mask Dog Coin: Will Meme Coin Hit New All-Time-Highs On Latest Disclosure?</a>
Why It Matters: Van Straten&#8217;s views aligned with those of analysts <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42720168/will-trump-administration-sell-gold-to-buy-bitcoin-for-strategic-reserve-in-2025-analyst-s">with whom Benzinga spoke recently</a>.
Johnny Gabriele, Head Analyst of Blockchain Economics and AI Integration at&nbsp;The Lifted Initiative, said that his money was on the U.S. not selling the Bitcoin it currently has and calling that Bitcoin strategic reserve.
These opinions come in the wake of speculation that Trump might <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42480856/donald-trump-pledges-to-do-something-great-with-crypto-heres-what-hes-done-so-far">create a national Bitcoin stockpile</a> as promised in his election campaign. 
Trump has vowed to "do something great with crypto" when he was asked about a strategic reserve consisting of the leading cryptocurrency. 
A bill has already been proposed by Sen. Cynthia Lummis (R-Wy.), also called the BITCOIN Act, which advocates<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42080839/cynthia-lummis-says-strategic-bitcoin-reserve-could-take-shape-soon-after-trump-raises-his-hand-and-is-sworn-in" target="_blank" rel="noreferrer noopener"> the purchase of 1 million Bitcoin over five years</a> by the Treasury Department, with no selling or auctioning for a minimum of 20 years.
Price Action: At the time of writing, Bitcoin was exchanging hands at $97,181.82, up 2.46% 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>. 
Image via Flickr
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42774313/did-the-irs-really-just-delay-crypto-tax-reporting-requirements">Did The IRS Really Just Delay Crypto Tax Reporting Requirements?</a></li>
</ul>

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

Cryptocurrency

News

Politics

Markets

$BTC

Trump Won't Announce Strategic Bitcoin Reserve Via Executive Order, Says Analyst: 'He Would Likely Buy BTC In The Background'

Major U.S. indices ended Thursday in the red with the Dow Jones Industrial Average declining 0.4% at 42,392.27 and the S&amp;P 500 down 0.2% at 5,868.55. The tech-heavy Nasdaq finished the day lower by almost 0.2% at 19,280.79.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Carvana Co.
Carvana&#8217;s stock saw a decline of 1.87%, closing at $199.56, after hitting an intraday high of $212.89 and a low of $186.86. The stock remains below its 52-week high of $263.61 but well above its low of $40.21. Hindenburg Research announced a <a href="https://www.benzinga.com/25/01/42769626/hindenburg-shorts-carvana-stock-claims-user-car-retailers-turnaround-is-a-mirage">short position against Carvana</a>, labeling its recent turnaround as a &#8220;mirage.&#8221; Despite this, shares have been on the rise, fueled by optimism that the worst might be over for the company.
Unity Software Inc.
Unity Software&#8217;s shares rose by 9.08%, closing at $24.51. The stock reached an intraday high of $26.08 and a low of $23.36. Its 52-week high stands at $39.29, with a low of $13.90. Keith Gill, known as &#8220;Roaring Kitty,&#8221; <a href="https://www.benzinga.com/markets/equities/25/01/42758021/roaring-kitty-keith-gill-sparks-speculation-with-rick-james-themed-post-on-x-gamestop-chewy-shares-in-focus">sparked speculation</a> with a Rick James-themed post, leading to significant market movements, including a surge in Unity&#8217;s stock.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42758665/peter-thiels-bubble-theory-gains-relevance-as-bitcoin-hovers-around-95k-extremely-hard-to-define?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Thiel&#8217;s Bubble Theory Gains Relevance As Bitcoin Hovers Around $95K: &#8216;Extremely Hard To Define&#8217;</a>
SuperCom, Ltd.
SuperCom&#8217;s stock skyrocketed by 59.34%, closing at $7.68. It reached an intraday high of $10.80 and a low of $5.11. The stock&#8217;s 52-week high is $10.90, with a low of $2.55. The company announced <a href="https://www.benzinga.com/news/contracts/25/01/42768377/why-is-supercom-stock-jumping-around-100-on-thursday">new contracts</a> with major agencies in Kentucky, boosting investor confidence in its advanced public safety technologies.
Rigetti Computing Inc.
Rigetti Computing shares surged by 31.06%, closing at $20. The stock reached its 52-week high of $20 during the day, with a low of $15.30. The company has gained attention due to the release of its <a href="https://www.benzinga.com/news/25/01/42768870/whats-going-on-with-rigetti-computing-rgti-stock">84-qubit Ankaa-3 quantum computer</a>, which features improved gate fidelities and reduced error rates, crucial for advancing quantum computing applications.
Tesla Inc.
Tesla&#8217;s stock fell by 6.08%, closing at $379.28, after reaching an intraday high of $392.73 and a low of $373.04. The stock is below its 52-week high of $488.54 but significantly above its low of $138.80. Analysts are divided over Tesla&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42777950/teslas-first-sales-drop-splits-wall-street-2025-will-be-the-prove-it-year">fourth-quarter delivery figures</a>, which missed expectations, making 2025 a crucial year for the company.
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/%E2%80%9CPremarket">with top premarket movers and news</a> by Benzinga.
Photo Courtesy: Shutterstock.com
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42739155/elon-musk-changes-his-name-to-kekius-maximus-on-x-sending-to-memecoin-skyrocketing-over-600?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Changes His Name To &#8216;Kekius Maximus&#8217; On X, Sending This Memecoin Skyrocketing Over 600%</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

CVNA

RGTI

SPCB

TSLA

Carvana, Unity Software, SuperCom, Rigetti Computing, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42777950/teslas-first-sales-drop-splits-wall-street-2025-will-be-the-prove-it-year">latest delivery miss</a> has intensified debate among analysts about the company&#8217;s autonomous driving and robotaxi ambitions, with sharp disagreement over its 2025 outlook.
What Happened: James Thorne, Chief Market Strategist at Wellington-Altus, remains bullish despite Tesla&#8217;s fourth-quarter deliveries falling short of expectations. &#8220;My long term thesis for 2025 anchors off robots, Robotaxi, and autonomy,&#8221; Thorne posted on X, dismissing current market reaction as noise while maintaining his view of Tesla reaching $2 trillion valuation by 2025.
GLJ Research CEO Gordon Johnson strongly countered the optimism surrounding Tesla&#8217;s Optimus robot, stating, &#8220;They&#8217;ll sell approximately 0.00 robots in 2025. They are years behind the competition.&#8221; Johnson went on to compare Tesla&#8217;s human-controlled robots to outdated technology from &#8220;1980s Chuck E. Cheese restaurants.&#8221;
<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">You're 100% wrong. They'll sell approximately 0.00 robots in 2025. They are yrs behind the completion. Human-controlled robots (the ones shown at $TSLA's "FSD day") are tech from 1980s Chucky Cheese restaurants.
&mdash; Gordon Johnson (@GordonJohnson19) <a href="https://twitter.com/GordonJohnson19/status/1874848392653980115?ref_src=twsrc%5Etfw">January 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Gary Black of The Future Fund LLC outlined several potential catalysts, including a new $25,000-$30,000 vehicle launch in the first half of 2025. Black, maintaining a $380 price target, projects Tesla reaching 8.1 million vehicle sales by 2030, representing an 18% global EV market share.
However, Black cautioned about risks, particularly the potential elimination of the $7,500 EV tax credit, citing significant sales declines in France and Germany after similar credit removals.
&#8220;We estimate 4Q inventory represented approx 12 days of sales outstanding,&#8221; Black wrote on X. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> posted 4Q deliveries of 495.6K +2.3% YoY vs WS consensus of 506.8K. FY'2024 deliveries were 1,789.2K -1.1% YoY. 4Q production was 459.4K. We estimate 4Q inventory represented approx 12 days of sales outstanding. TSLA deployed 11.1 GWh of energy storage products in 4Q,… <a href="https://t.co/4QWe3MiuQn">pic.twitter.com/4QWe3MiuQn</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1874821846031376449?ref_src=twsrc%5Etfw">January 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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">With <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> now back below my $380 price target I thought it might be helpful to review positive and negative catalysts 6-12 months out. Near-term TSLA positive catalysts include: 1/ new $25K-$30K vehicle to be launched in 1H, which we believe will introduce a new form factor… <a href="https://t.co/iRohFENT3A">pic.twitter.com/iRohFENT3A</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1874885161516515770?ref_src=twsrc%5Etfw">January 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The debate comes as Tesla <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42777950/teslas-first-sales-drop-splits-wall-street-2025-will-be-the-prove-it-year">reported 495,570 deliveries in the fourth quarter</a>, missing analyst estimates of 506,763 and marking its first annual sales decline. Tesla shares dropped 6% to $379.28 following the news, though the stock maintained a roughly 62% gain for 2024.
See Also: <a href="https://www.benzinga.com/25/01/42779624/bernie-sanders-says-elon-musk-wrong-on-tech-guest-worker-program-h1-b-visa-purpose-is-to-replace-good-paying-american-jobs">Bernie Sanders Says Elon Musk Wrong On Tech Guest Worker Program: H1-B Visa Purpose Is To &#8216;Replace Good-Paying American Jobs&#8217;</a>
Why It Matters: The sales disappointment comes as Tesla faces growing scrutiny over its Full Self-Driving technology. Truist analyst William Stein recently tested FSD v13, noting it required no interventions during a 15-mile trip but showed concerning behaviors including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42772702/tesla-analyst-says-fsd-test-drive-shows-imperfections-not-ready-for-prime-time-yet">failure to yield to pedestrians</a>.
Gene Munster of Deepwater Asset Management suggests 2025 will be crucial for Tesla&#8217;s growth trajectory. &#8220;While I&#8217;m bracing for a further pullback going into the Jan. 29 earnings, I continue to believe shares are undervalued long-term,&#8221; Munster stated.
Price Action: Tesla shares fell 6.08% to $379.28 on Thursday, but rose 1.03% in after-hours trading. The stock gained roughly 62% in 2024, trading between $138.80 and $488.54, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Tesla has a <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">consensus price target</a> of $284.62 from 33 analysts, with a high of $515 and a low of $24.86. The three most recent ratings—Truist Securities, Baird, and Mizuho—average $451.67, suggesting a 17.87% upside.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02203505/Screenshot-2025-01-03-at-7.04.30%E2%80%AFAM-1024x378.png" alt="" class="wp-image-716182" style="width:683px;height:auto" /></figure>
Read Next: <a href="https://www.benzinga.com/news/25/01/42778876/ryan-reynolds-sold-2-companies-for-2-billion-in-just-4-years-but-says-hes-not-an-expert-if-i-ran-the-company-for-real-itd-be-on-fire">Ryan Reynolds Sold 2 Companies For $2 Billion In Just 4 Years But Says He&#8217;s Not An Expert – &#8216;If I Ran The Company For Real, It&#8217;d Be On Fire&#8217;</a>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Delivery Miss Fuels Heated Debate On Autonomy, Robots: Gordon Johnson Compares Optimus With 1980s Chucky Cheese Tech

President Joe Biden is expected to announce his decision on Nippon Steel&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>)&nbsp; $14.9 billion acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) as soon as Friday, despite previously expressing opposition to foreign ownership of the iconic American steelmaker.
In a last-minute effort to secure approval, Nippon Steel proposed giving the U.S. government direct veto power over production changes at U.S. Steel&#8217;s facilities, <a href="https://www.cbsnews.com/news/biden-to-announce-decision-us-steel-nippon-as-early-as-friday/">reported</a> CBS News on Thursday, citing sources.
The Japanese steelmaker also offered a 10-year guarantee maintaining production levels at mills across six states, subject to Committee on Foreign Investment approval.
While key CFIUS members including the Justice, Treasury, and State Departments support the deal, U.S. Trade Representative Katherine Tai has raised labor-related concerns. Sources according to the report indicate U.S. Steel may pursue legal action if Biden blocks the acquisition, potentially targeting the administration and rival Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>).
Price Action: U.S. Steel shares closed at $32.60 on Thursday, down 4.09%, before recovering 1.38% in after-hours trading, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. Nippon Steel shares were seen trading 1.2% higher at JPY 3,182 ($20.23) in Tokyo at the time of writing.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42775636/ces-2025-preview-nvidia-amd-in-spotlight-other-trends-and-stocks-to-watch">CES 2025 Preview: Nvidia And AMD Grab Spotlight, Other Trends And Stocks To Watch</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.

NPSCY

Joe Biden To Decide On Nippon Steel's $14.9B US Steel Acquisition On Friday Amid Veto Offer, Labor Concerns

On Thursday, Nick Clegg announced his resignation as Meta Platforms Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) president of global affairs.
What Happened: Joel Kaplan, a notable Republican and former deputy chief of staff in the George W. Bush administration, will succeed Clegg.
Clegg, who joined Meta in 2018, shared his decision in a Facebook post. Meta CEO Mark Zuckerberg responded to the post expressing gratitude to Clegg for his contributions over the past seven years.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02203403/Screenshot-2025-01-03-at-7.03.50%E2%80%AFAM-1024x896.png" alt="" class="wp-image-716178" /><figcaption class="wp-element-caption">Source: Facebook</figcaption></figure>
&#8220;I&#8217;m excited for Joel to step into this role next given his deep experience and insight leading our policy work for many years,&#8221; Zuckerberg added.
See Also: <a href="https://www.benzinga.com/tech/25/01/42758112/jeff-bezos-booby-trapped-his-childhood-home-to-keep-out-pesky-siblings-but-later-convinced-them-to-invest-10000-each-in-amazon-how-did-it-turn-out-for-them?itm_source=parsely-api">Jeff Bezos Booby-Trapped His Childhood Home To Keep Out Pesky Siblings—But Later Convinced Them to Invest</a>
Kaplan, who was Meta&#8217;s vice president of global public policy until now, is known for managing the company&#8217;s interactions with conservative figures. His role at Meta has been contentious, with reports suggesting he influenced policy decisions to favor political allies, <a href="https://www.ft.com/content/e5fea06b-8cd9-45ba-86d9-31ea698e1890">reported</a> Financial Times.
His appointment coincides with Donald Trump&#8217;s return to the White House, as Republicans are poised to control Congress.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The leadership change at Meta comes amid efforts to mend its relationship with Trump. Last month, <a href="https://www.benzinga.com/news/24/12/42454227/months-after-trump-threatened-to-put-mark-zuckerberg-in-prison-meta-ceo-donates-1m-to-president-elects-inaugural-event">Meta donated $1 million</a> to support Trump&#8217;s inauguration events.
Earlier, Clegg acknowledged that Meta might have been <a href="https://www.benzinga.com/24/12/42306998/zuckerberg-seeks-active-role-in-trumps-tech-policies-says-metas-president-of-global-affairs-while-admitting-they-overdid-it-a-bit-during-pandemic-content-crackdown">overly aggressive in moderating</a> pandemic-related content, a step seen as part of Meta&#8217;s strategy to ease tensions with Trump.
In December, Zuckerberg and Trump also <a href="https://www.benzinga.com/markets/24/11/42227958/mark-zuckerberg-and-trump-reportedly-met-at-mar-a-lago">reportedly met</a> at Mar-a-Lago, where they discussed future collaborations.
Price Action: Meta's stock rose 2.34% on Thursday, closing at $599.24. Year-to-date in 2024, Meta shares have surged 73.04%, 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">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42739523/apple-amazon-samsung-and-nintendo-what-tech-marvels-are-these-giants-cooking-in-2025?itm_source=parsely-api">Apple, Amazon, Samsung, And Nintendo: What Tech Marvels Are These Giants Cooking In 2025</a></li>
</ul>
Image via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Mark Zuckerberg's Meta Replaces Global Affairs Chief Nick Clegg With Republican Joel Kaplan Ahead Of Trump Inauguration

Leading cryptocurrencies edged higher Thursday as traders returned from New Year's break with bullish optimism.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.06%</td>
<td>$96,841.51</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>+1.93%</td>
<td>$3,450.93</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>+0.77%</td>
<td>$0.3381</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin surged to $97,700 late afternoon as upward volatility returned to the market. The leading cryptocurrency lost steam since the $100,000 tease on Christmas, but the latest uptick has taken its weekly gains into the green
Ethereum almost touched $3,500 in the morning before retreating to the $3,500 zone.
The market has high expectations that the incoming Donald Trump administration will bring a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42773793/trump-taking-office-could-spell-golden-crypto-era-industry-hopes" target="_blank" rel="noreferrer noopener">golden era</a> for cryptocurrencies.
Cryptocurrency liquidations hit $175 million in the last 24 hours, with nearly $83 million in upside bets getting wiped out.
Bitcoin's Open Interest rose by 0.99%, while Ethereum witnessed higher speculative interest with a 3% jump in funds locked in unsettled derivatives.
The percentage of traders placing long positions on Bitcoin dropped from 62% to 54% in the last 24 hours, according to Long/Short Ratio.
That said, markets became more greedy, according to the Crypto Fear &amp; Greed Index, hinting at a potential surge in buying pressure.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+34.07%</td>
<td>$1.34</td>
</tr>
<tr>
<td>DeXe (DEXE)</td>
<td>+33.02%</td>
<td>$19.79</td>
</tr>
<tr>
<td>SPX6900 (VIRTUAL)</td>
<td>+28.39%</td>
<td>$1.22</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.41 trillion, following a spike of 2.52% in the last 24 hours.
Stocks closed in the red in Wall Street's first trading session in 2025. The Dow Jones Industrial Average fell 151.95 points, or 0.36%, to close at 42,392.27. The S&amp;P 500 slipped 0.22%, ending at 5,868.55, while the tech-focused Nasdaq Composite dipped 0.16% to end at 19,280.79.
Cryptocurrency-related stocks rose during Thursday's trading session, with both MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) closing 3.59% higher.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Influential cryptocurrency analyst Rekt Capital presented their outlook for 2025.
"2025 will likely see the BTC bull market peak and the very beginnings of a brand new bear market," the analyst projected. "The majority of the bear market will take place, however, in 2026."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">2025 will likely see the <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bull Market peak and the very beginnings of a brand new Bear Market The majority of the Bear Market will take place however in 2026 The Bear Market would last some 365+ days and be between -65% to -80% deep<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1874936923611136161?ref_src=twsrc%5Etfw">January 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Well-known on-chain analytics firm CryptoQuant stated that the bull market was far from ending, citing on-chain indicators like network fees and miner sell-offs.
"On-chain data suggests the bull market is still intact, and the current phase appears to be a cooling-off period rather than a cycle peak," the firm added. "However, short-term price movements remain unpredictable."
<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 Are Still in the Midst of a Bull Market "On-chain data suggests the bull market is still intact, and the current phase appears to be a cooling-off period rather than a cycle peak." – By <a href="https://twitter.com/avocado_onchain?ref_src=twsrc%5Etfw">@Avocado_onchain</a> See the data &#x1f447;<a href="https://t.co/HvMD44Lm7e">https://t.co/HvMD44Lm7e</a> <a href="https://t.co/YCSpl0lIHC">pic.twitter.com/YCSpl0lIHC</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1874884377815220703?ref_src=twsrc%5Etfw">January 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Image via Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/24/12/42751129/bitwises-bold-approach-new-etf-targets-bitcoin-powerhouses-as-institutional-adoption-soars">Bitwise&#8217;s Bold Approach: New ETF Targets Bitcoin Powerhouses As Institutional Adoption Soars</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

COIN

MSTR

Bitcoin, Ethereum, Dogecoin Lift As Traders Anticipate 'Golden Crypto Era' Under Trump: Top Analyst Says 2025 Will See Bull Market Peak

Sen. Bernie Sanders (I-Vt.) took to X on Thursday to challenge Elon Musk&#8217;s endorsement of the H-1B visa program, arguing it exploits foreign workers and undermines American jobs.
What Happened: Sanders posted his disagreement with Musk&#8217;s stance on the H-1B visa program. He argued that the program&#8217;s main function is not to hire top talent, as Musk suggests, but to replace well-paying American jobs with low-wage foreign workers. Sanders stated, &#8220;The cheaper the labor they hire, the more money the billionaires make.&#8221;
<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">Elon Musk is wrong. The main function of the H-1B visa program is not to hire "the best and the brightest," but rather to replace good-paying American jobs with low-wage indentured servants from abroad. The cheaper the labor they hire, the more money the billionaires make. <a href="https://t.co/Mwz7i9TcSM">pic.twitter.com/Mwz7i9TcSM</a>
&mdash; Bernie Sanders (@SenSanders) <a href="https://twitter.com/SenSanders/status/1874918027982172626?ref_src=twsrc%5Etfw">January 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In a statement attached to his post on X, Sanders noted that the top 30 corporations using the H1-B program laid off at least 85,000 American workers while they hired over 34,000 H1-B guest workers.
&#8220;There are estimates that as many as 33 percent of all new Information Technology jobs in America are being filled by guest workers,&#8221; said Sanders. He cited Census Bureau data to say that millions of Americans with advanced degrees in science, technology, engineering and math are currently not working in related professions.
Giving the specific example of Musk&#8217;s Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Sanders asked if H1-B jobs are going to the &#8220;best and brightest&#8221; and why Tesla has employed guest workers as associate accountants for as little as $58,000 and associate mechanical engineers for as little as $70,000 a year.
&#8220;If there is really a shortage of skilled tech workers in America, why did Tesla lay-off over 7,500 American workers this year,&#8221; asked Sanders.
Sanders said that the H1-B visa program should only be utilized as a &#8220;very short-term and temporary approach.&#8221; In his statement he also supporter raising the minimum wage for guest workers and allowing them to easily switch jobs. He advocated that corporations be required to aggressively recruit American workers before they can hire from overseas.
Tesla did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42778468/congressman-buys-more-ski-mask-dog-coin-will-meme-coin-hit-new-all-time-highs-on-latest-disclosure?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Congressman Buys More Ski Mask Dog Coin: Will Meme Coin Hit New All-Time-Highs On Latest Disclosure?</a>
Why It Matters: Musk&#8217;s support for the H-1B visa program aligns with President-elect Donald Trump&#8217;s <a href="https://www.benzinga.com/news/24/12/42715951/trump-backs-immigration-visas-musk-praises-his-stance-and-says-rising-tide-lifts-all-boats">backing of the initiative. </a>
&#8220;I have many H-1B visas on my properties. I&#8217;ve been a believer in H-1B. I have used it many times. It&#8217;s a great program,&#8221; said Trump.
This marks a surprising shift from Trump&#8217;s previous administration, which had imposed restrictions on such visas. The tech sector, including influential figures like Department of Government Efficiency co-leads Musk and Vivek Ramaswamy, has <a href="https://www.benzinga.com/government/regulations/24/12/42713690/musk-and-ramaswamy-back-foreign-tech-workers-sparking-rift-in-maga-trump-camp-twitter-firestorm">long championed</a> the H-1B visa program, arguing it enables U.S. companies to hire thousands of foreign engineers and specialists annually. However, this stance has ignited a social media firestorm among Trump&#8217;s far-right base.
Image via Shutterstock
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</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>

General

Bernie Sanders Says Elon Musk Wrong On Tech Guest Worker Program: H1-B Visa Purpose Is To 'Replace Good-Paying American Jobs'

During his presidential campaign, Donald Trump promised to impose tariffs on certain Chinese imports, such as solar panels. Although economists still debate whether <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42699729/ark-invests-cathie-wood-urges-trumps-incoming-administration-to-implement-retroactive-tax-cuts-for-economic-boost-from-january-1">Trump's tariffs</a> will benefit America's economy, domestic solar producers certainly stand to gain if Trump follows through on his promises. One such company is First Solar.
Although Donald Trump is known to be a big proponent of fossil fuels, aspects of his "America First" policies could spur further development in America's green energy. A recent International Energy Agency (IEA) report shows that solar energy is the only renewable energy technology currently being developed quickly enough to help the world make meaningful progress toward achieving net-zero emission targets by 2050.
Don't Miss:
<ul>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/go/arrived-private-credit-yf">7-9% target yield with monthly dividends would you invest in it</a>?</li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl-y2"> you can become an investor for $0.80 per share today.</a></li>
</ul>
That's good news from a climate-change perspective, but many global circles are concerned about the extent to which Chinese solar production is outpacing that of its international competition. A study from Ember Energy revealed that China's solar panel export volume increased by 34% in 2023 and it now accounts for 80% of the world's solar panel manufacturing.
China's global lead is not an accident. In 2012, China's state energy policy called for a massive investment in renewable energy technology, such as solar panels, lithium-ion batteries and electric cars. The size of that investment is believed to have been hundreds of billions and a decade later, China's dominance of the solar panel industry proves the investment is paying off.
See Also: Unlock the hidden potential of commercial real estate —<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=unlockboost-yahoo"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a>
Regardless of how you feel about Donald Trump or his tariffs, having a global rival control 80% of an industry that is key to the world's efforts to combat climate change leaves the United States in a difficult position. For example, if regional tensions over Taiwan should flare up, China could halt the delivery of solar panels to the U.S. and continue selling them to Europe, Africa and the Middle East.
This is where companies like First Solar come into the picture. This Tempe, Arizona-based company focuses on building advanced solar components for large-scale solar operations that public utility companies would build. First Solar has quietly expanded its operational capabilities and manufacturing footprint through the years. Its new facilities in Alabama and Ohio are designed to deliver 12 Gigawatts of power annually.
First Solar had a strong Q3 2024, generating $887 million in revenue (per public filings and Barchart), a year-on-year improvement of nearly 11%. The company's earnings per share (EPS) also jumped by 16% and currently sit at $2.91. The Q4 2024 numbers saw the company miss revenue expectations and lower its 2025 EPS forecast.
Trending: This Jeff Bezos-backed startup will allow you to <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=byerscta100">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
That said, it's worth noting that First Solar is still predicting an EPS of $13-$13.50 in 2025. More importantly, First Solar may not have to wait for Trump's tariffs to increase profits. The United States Department of Commerce recently announced tariffs between 21% and 271% for Chinese solar panels sold through subsidiaries in Vietnam, Cambodia, Thailand and Malaysia.
These tariffs, classified as "antidumping duties," were instituted to keep Chinese-based manufacturers from dumping their massive stockpiles of unused solar panels on non-Chinese companies, who would presumably then sell them to the US. Piper Sandler analyst Kashy Harrison believes First Solar could benefit massively from this development.
According to Benzinga's latest estimates,<a href="https://www.benzinga.com/quote/FSLR"> First Solar stock</a> is trading at $182, but analysts have a near-universal consensus that First Solar is primed for a strong 2025. Kashy Harrison has raised his price estimate to $250 (up from $210) and<a href="https://www.benzinga.com/quote/FSLR/analyst-ratings"> Benzinga's survey of 29 different analysts</a> reveals an even higher consensus price target of $274.38. If First Solar hits those targets, this stock could light up your portfolio with strong profits.
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=benzinga&amp;utm_campaign=ben&amp;utm_content=y2_5MilNestEgg"> SmartAsset&#8217;s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</a> to decide which one is right for you.
<h2 class="wp-block-heading">Interest Rates Are Falling, But These Yields Aren't Going Anywhere</h2>
Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities.
<a href="https://www.benzinga.com/go/arrived-private-credit-yf">Arrived Home's Private Credit Fund&#8217;s has historically paid an annualized dividend yield of 8.1%&#x2A;</a>, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, <a href="https://www.benzinga.com/go/arrived-private-credit-yf">this one has a minimum investment of only $100.&nbsp;</a>
Looking for fractional real estate investment opportunities? The <a href="https://www.benzinga.com/alternative-investments/real-estate">Benzinga Real Estate Screener</a> features the latest offerings.

This Domestic Solar Stock (FSLR) Could Shine In Your Portfolio If President-elect Donald Trump Imposes Tariffs On Chinese Solar Panels

American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) has outperformed the market over the past 5 years by 6.7% on an annualized basis producing an average annual return of 19.32%. Currently, American Express has a market capitalization of $210.23 billion. 
Buying $1000 In AXP: If an investor had bought $1000 of AXP stock 5 years ago, it would be worth $2,405.53 today based on a price of $298.43 for AXP at the time of writing.
<h3>American Express's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1735861508_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.

$1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Ryan Reynolds, the guy most people know as Deadpool, has quietly been building an empire worth talking about. While his comedic timing and charm have made him a Hollywood darling, his business moves might be even more impressive.&nbsp;
Forbes recently reported that the companies he's co-owned or sold are valued at a <a href="https://www.benzinga.com/general/24/01/36875491/ryan-reynolds-co-owned-or-sold-companies-are-valued-at-14-billion-but-he-says-thank-god-i-am-not-run">jaw-dropping $14 billion</a>. That's right – billion with a B. And yet, when asked about his role in these ventures, Reynolds casually quipped, "Thank God I am not running the company." Humble much?+
Don't Miss:
<ul>
<li>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></li>
<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
</ul>
The man's portfolio is as eclectic as it gets: an F1 team, a football club (the other kind of football), a gin brand, a wireless provider and even an advertising agency. It's not just about slapping his name on a product either. Reynolds has mastered the art of turning everyday businesses into cultural phenomena, often using his signature wit and relatability to make it happen.
Take Aviation American Gin, for example. When Reynolds bought a stake, he didn't just throw money at it – he became the face and voice of the brand. His tongue-in-cheek marketing campaigns helped skyrocket its popularity, ultimately leading to its $610 million sale to Diageo in 2020. That's not a win; that's a master class in branding.
Then there's Mint Mobile. Under Reynolds' watchful eye (and cheeky commercials), the wireless provider went from a scrappy underdog to a billion-dollar success story. When T-Mobile acquired it for <a href="https://www.benzinga.com/startups/24/08/40105515/ryan-reynolds-sold-2-companies-for-2-billion-now-hes-investing-in-clothing-cant-be-good-at-something">$1.35 billion in 2023,</a> Reynolds stayed on as a spokesperson because he knows a good gig when he sees one.
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>
But Reynolds isn't pretending to be some business genius. In fact, he's refreshingly candid about how much he doesn't know. When discussing his investment in fintech company Nuvei Corp. on Squawk Box, he admitted, "I know nothing about fintech," adding with a laugh, "Thank God I am not running the company." Instead, he leans on strong teams and "emotional investing." Translation: He bets on brands with good stories to tell and the potential to resonate with consumers personally.
As Reynolds explained, "How does this happen if you look at a gin company, a wireless company and a Welsh football club? They don't go together, but they all had strong brand foundations." He has a knack for spotting opportunities where others might not, turning those opportunities into authentic, memorable narratives.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
In an August 2018 interview on The Tonight Show, Jimmy Fallon asked Ryan Reynolds how he got involved with Aviation Gin. With his trademark humor, Reynolds explained, "It's an American gin. Little smoother than our British counterparts, little pro-drinkable." Then, catching himself, he joked, "Uh, wow, I sound like a pro." Fallon laughed and agreed, prompting Reynolds to add, "I know nothing about gin. If I ran the company for real, it'd be on fire."
This mix of <a href="https://www.benzinga.com/startups/24/05/38811005/ryan-reynolds-sold-mint-mobile-for-1-35-billion-now-hes-invested-in-the-apparel-company-for-travis-k">intuition, humor and strategic marketing</a> makes his approach unique. It's also fueling his climb toward billionaire status – not bad for a guy who still jokes about being clueless half the time. Whether or not he officially joins the billionaire club soon, one thing's clear: Ryan Reynolds isn't just playing the game; he's rewriting the rules.
Read Next:
<ul>
<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>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>

Ryan Reynolds Sold 2 Companies For $2 Billion In Just 4 Years But Says He's Not An Expert – 'If I Ran The Company For Real, It'd Be On Fire'

Ensign Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>) has outperformed the market over the past 5 years by 11.3% on an annualized basis producing an average annual return of 23.91%. Currently, Ensign Group has a market capitalization of $7.61 billion. 
Buying $1000 In ENSG: If an investor had bought $1000 of ENSG stock 5 years ago, it would be worth $2,905.53 today based on a price of $132.87 for ENSG at the time of writing.
<h3>Ensign Group's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1735860609_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.

ENSG

Here's How Much $1000 Invested In Ensign Group 5 Years Ago Would Be Worth Today

A battle between Elon Musk and Sam Altman over the new course of OpenAI was one of the bigger stories for 2024 in the <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence sector.</a>
With the case far from closed, the well-known "Godfather of AI" Geoffrey Hinton is weighing in and taking sides.
What Happened: A <a href="https://www.benzinga.com/24/11/42022920/sam-altman-slams-elon-musks-left-wing-bias-claims-over-chatgpt-responds-to-grok-vs-gpt-debate-with-bold-remarks-but-tesla-ceo-says-swindly-sam-is-at-it-again">push by OpenAI </a>to turn into a for-profit structure from a current nonprofit has prompted a legal attempt by Musk to block the change.
Musk, who is an original co-founder and investor in OpenAI, has spoken out about the planned for-profit change and is now gaining support from one of the biggest names in the AI sector.
"OpenAI was founded as an explicitly safety-focused nonprofit and made a variety of safety-related promises in its charter," Hinton said in a statement Monday published by youth-led advocacy group <a href="https://encodeai.org/encode-backs-legal-challenge-to-openais-for-profit-switch/">Encode</a>.
Hinton said OpenAI received benefits like tax breaks thanks to its nonprofit status.
"Allowing it to tear all of that up when it becomes inconvenient sends a very bad message to other actors in the ecosystem," Hinton said, as <a href="https://nypost.com/2024/12/31/business/geoffrey-hinton-backs-elon-musks-legal-battle-against-openai/">reported </a>by the New York Post.
Hinton, who won the <a href="https://www.benzinga.com/news/24/10/41233245/ai-godfather-geoffrey-hinton-wins-nobel-prize-for-artificial-intelligence-work-work-has-already-been">2024 Nobel Prize</a> in October, has spoken out against OpenAI in the past.
In October, Hinton said Altman is "much less concerned with safety than with profits." Hinton has also expressed regrets for his role in helping develop AI, which could now be used for negative items.
You may not be a billionaire like Mark Cuban, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/social-media/24/12/42490690/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
Why It's Important: Founded in 2015 as a nonprofit research lab, OpenAI has become one of the largest companies by valuation in the space. The company created a capped-profit model in 2019 with the nonprofit holding control of the entire company.
The company has said that switching to a for-profit model will help "to raise the necessary capital with conventional terms like others in the space."
The lawsuit by Musk comes as he cut his relationship with OpenAI in 2018 and his lawsuit attempts come as he recently launched his own AI company xAI, a competitor to the company he co-founded.
Musk said that OpenAI executives "deceived" him in the past. OpenAI countered recently by saying Musk wanted a for-profit structure for the company in 2017.
The billionaire's lawsuit was first filed in early 2023 related to OpenAI's partnership with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which he alleged broke the company's nonprofit commitment.
Altman <a href="https://www.benzinga.com/24/12/42609769/elon-musk-is-a-legendary-entrepreneur-but-also-a-bully-says-openai-ceo-sam-altman-now-its-me-its-been-bezos-gates-zuckerberg-lots-of-other-people">recently showed appreciation</a> for what Musk did to help support OpenAI "in the early days," but shared new criticism of the billionaire.
"He's also clearly a bully and he's also someone who clearly likes to get in fights. Now it's me, it's been Bezos, Gates, Zuckerberg lots of other people," Altman said.
In the battle against OpenAI, Musk has now gained recent support from Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and the &#8220;Godfather of AI,&#8221; which could make the fight against Altman and OpenAI a must-watch story in 2025.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39319028/terminator-in-real-life-ai-godfather-warns-of-human-wipe-out-in-5-to-20-years">Terminator In Real Life? AI &#8216;Godfather&#8217; Warns Of Human &#8216;Wipe Out&#8217; In 5 To 20 Years</a></li>
</ul>
Photo: DIA TV via Shutterstock

Education

MSFT

Elon Musk Gets Support From 'Godfather Of AI' Geoffrey Hinton In Battle Against OpenAI

Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) has outperformed the market over the past 10 years by 4.09% on an annualized basis producing an average annual return of 15.28%. Currently, Novo Nordisk has a market capitalization of $389.06 billion. 
Buying $1000 In NVO: If an investor had bought $1000 of NVO stock 10 years ago, it would be worth $4,177.57 today based on a price of $87.60 for NVO at the time of writing.
<h3>Novo Nordisk's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1735859706_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 Novo Nordisk 10 Years Ago Would Be Worth Today

Ault &amp; Company has the right to purchase up to $25 million in shares of Hyperscale Data's Series G Convertible Preferred Stock in compliance with the federal securities laws.
Ault &amp; Company continues to believe that the current stock price of the Common Stock is below Hyperdrive Data's long-term intrinsic value per share and believes that an investment in the Preferred Shares demonstrates the continued commitment of Ault &amp; Company to supporting Hyperscale Data and its stockholders.

GPUS

Reported Earlier, Ault Reveals Abandonment Of Dutch Tender Offer To Acquire Common Shares Of Hyperscale Data

Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) has outperformed the market over the past 20 years by 3.76% on an annualized basis producing an average annual return of 12.08%. Currently, Norfolk Southern has a market capitalization of $53.08 billion. 
Buying $100 In NSC: If an investor had bought $100 of NSC stock 20 years ago, it would be worth $969.69 today based on a price of $234.60 for NSC at the time of writing.
<h3>Norfolk Southern's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1735858810_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.

If You Invested $100 In This Stock 20 Years Ago, You Would Have This Much Today

On December 31, 2024, the Board of Directors of Annaly Capital authorized a new common share repurchase program and a new preferred share repurchase program, each of which shall expire on December 31, 2029.

Buybacks

Annaly Capital Management Plans Repurchase Of Up To $1.5B Of Its Outstanding Shares Of Common Stock - Filing

Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) has outperformed the market over the past 5 years by 26.11% on an annualized basis producing an average annual return of 38.72%. Currently, Fair Isaac has a market capitalization of $48.94 billion. 
Buying $100 In FICO: If an investor had bought $100 of FICO stock 5 years ago, it would be worth $519.77 today based on a price of $1995.92 for FICO at the time of writing.
<h3>Fair Isaac's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1735857908_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.

FICO

Here's How Much $100 Invested In Fair Isaac 5 Years Ago Would Be Worth Today

One of the more unusual trades by a member of Congress in 2024 was Rep. Mike Collins (R-Ga.) buying meme cryptocurrency Ski Mask Dog Coin (CRYPTO:SKI), which led to the crypto soaring in value and later hitting all-time highs shortly<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42330146/congressman-buys-meme-coins-ski-mask-dog-coin-climbs-in-value-after-disclosure-i-liked-the-coins-so-i-bought-them"> after the disclosure.</a>
A new filing shows Collins bought more after his last disclosure.
What Happened: The trading activity of <a href="https://www.benzinga.com/topic/congress-trading">members of Congress</a> continues to be closely followed by investors as stock purchases can come ahead of key information and potential gains.
While members of Congress likely don't have the same alleged insider information when it comes to cryptocurrency, trading activity in the sector warrants close monitoring, especially when it involves a meme cryptocurrency valued at around $225 million.
On Jan. 1, Collins disclosed that he purchased another $1,000 to $15,000 worth of Ski Mask Dog, adding to his previous disclosures in early December that he bought $2,000 to $30,000 worth of the meme coin.
The transaction, which can be viewed on <a href="https://www.benzinga.com/gov-trades">Benzinga's Government Trades page</a>, came on Dec. 3. That means that the same day that Collins' previous disclosed purchases began hitting the news, the Congressman was buying more of the coin.
Collins' latest trade was once again marked as unusual by several prominent social media accounts that track congressional trading activity.
<ul>
<li>"BREAKING: US politician Michael Collins has yet again bought crypto. He bought up to $15,000 of SKI MASK DOG, $SKI, crypto. Unusual," Unusual Whales <a href="https://x.com/unusual_whales/status/1874845104076390422">tweeted</a>.</li>
</ul>
<ul>
<li>"Congressman @RepMikeCollins just disclosed he bought more Ski Mask Dog on 12/3, the same day news of his first purchase broke and the coin rallied. So a Congressman single-handedly moved a market, then bought more, and disclosed it a month later," Congresstrading <a href="https://x.com/congresstrading/status/1874851774856884636">tweeted</a>.</li>
</ul>
Collins previously confirmed the purchase with Decrypt and also responded to a previous tweet from Unusual Whales with a meme of Pepe the Frog, a well-known image in the crypto community thanks to the meme cryptocurrency Pepe.
&#8220;I liked the coins, so I bought them,&#8221; Collins previously told Decrypt. &#8220;Washington and Wall Street have stigmatized emerging technology in the crypto ecosystem for far too long, and it&#8217;s about time that we start treating the industry with the respect it deserves.&#8221;
When asked about meme coins and if they need to be disclosed by members of Congress for trading activity, Collins said yes.
&#8220;Meme coins should certainly be treated as any other asset, digital or otherwise.&#8221;
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent123124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Ski Mask Dog coin rallied in December after Collins first purchase was disclosed.
The coin hit an all-time high of $0.3639 on Dec. 5 after the Congressman's first purchase disclosure. The latest trade disclosure shows that Collins also bought more Ski Mask Dog coin on Dec. 3 ahead of the all-time highs.
Collins, who won re-election in the 2024 election, has previously disclosed buying and selling cryptocurrencies like Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Aerodrome (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">AERO</a>), Velodrome (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">VELO</a>) and The Graph (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">GRT</a>).
Collins' purchases of Ethereum have been larger in recent disclosures compared to the meme coin he recently bought. The congressman has also disclosed selling some of the cryptocurrencies in the past, which could make the recent meme coin buy one to watch in case he later shows he sold it after the recent gains.
Calls to ban members of Congress from buying stocks and options have grown, with President Joe Biden recently <a href="https://www.benzinga.com/24/12/42538504/biden-endorses-ban-of-congressional-stock-trading-nobody-in-the-congress-should-be-able-to-make-money-in-the-stock-market-while-in-office">endorsing a ban </a>on Congress trading.
When it comes to members of Congress buying and selling cryptocurrencies, there is less support and it is less mentioned in potential legislation.
&#8220;Nobody in the Congress should be able to make money in the stock market while they&#8217;re in the Congress,&#8221; Biden said, failing to mention cryptocurrency.
Members of Congress are currently allowed to buy and sell stocks, options, cryptocurrency and make other investments as long as they are disclosed in 45 days.
Collins' trade, which happened nearly 30 days ago and came as his past trade in the same coin may have led to the price soaring could spark interest in putting the same ban on cryptocurrency. With pro-crypto President-elect Donald Trump taking office later this month, more members of Congress could be looking to add cryptocurrency to their investment portfolios.
Ski Mask Dog, which began trading in 2024, is up 6% in the past day.
The meme cryptocurrency currently trades at $0.2246 at the time of writing Thursday, versus a one-month range of $0.1472 to $0.3639.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/01/36459015/10-best-stock-traders-in-congress-in-2023-spoiler-nancy-pelosi-is-back-on-the-list">10 Best Stock Traders In Congress In 2023 (Spoiler: Nancy Pelosi Has Reentered The Chat)</a></li>
</ul>
Photo: SMRM1977 via Shutterstock

Government

$AERO

Golden Ratio Token - United States Dollar

$GRT

$VELO

Congressman Buys More Ski Mask Dog Coin: Will Meme Coin Hit New All-Time-Highs On Latest Disclosure?

&nbsp;
Michael Garcia, Chief Executive Officer of Algoma, commented, "Despite market headwinds, our results for the quarter demonstrated solid operational execution, particularly in our plate business where production continued on its upward trajectory. While macroeconomic uncertainties persist in the steel sector, we remain positioned to capitalize on improving fundamentals as conditions normalize."

Guidance

ASTL

Algoma Steel Expects December 2024 Quarter Total Steel Shipments Of 545K - 550K Tons;  Adjusted EBITDA Of C$(55)M - C$(65)M

Offerings

ARCC

Ares Capital Prices Public Offering Of $1B Of 5.800% Notes Due 2032

GEMXX corporation appoints new CEO, announces strategic expansion plans

GEMZ

Press Releases

GEMXX Forecasts Robust Growth Amidst Surging Demand for Ammolite Jewelry and Gold

Surging Demand for Gold and Ammolite Jewelry Supports High-Value Forecast for Mine-to-Market Company with Proven Resources of 2.2 to 4 Million Ounces of Gold Valued up to $450 Million: GEMZ

GEMXX Corporation Forecasts Soaring Growth in India's Colored Gemstones and Gold Markets

Multi-Billion Market Forecast & Rising Demand for Gold & Gemstones Setting Up Mine-to-Market Company for High Growth with Proven Resources of 2.2 to 4 Million Ounces of Gold Valued up to $450 Million

Comments

Gemxx

News

Latest news for Gemxx (OTC:GEMZ) Stock

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga