BlackRock ETF Trust II iShares High Yield Muni Active ETF (BATS: HIMU)

Latest news for BlackRock ETF Trust II iShares High Yield Muni Active ETF (BATS:HIMU)

iShares High Yield Muni Active ETF

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New ETFs

ETFs

BlackRock ETF Trust II iShares High Yield Muni Active ETF

HIMU


BlackRock launches new ETF, HIMU, to provide tax-exempt income from municipal bonds. Active management aims for excess returns in high interest market.

BlackRock&#39;s Latest ETF Conversion Taps Into Growing Muni Bond Interest

The appeal seeks review of the International Trade Commission (ITC) decision to reverse the Administrative Law Judge's (ALJ) prior determination that Voltage's LYNX trunk bus products infringe Shoals' '153 Patent.
In the filing, Shoals requests that the Federal Circuit Court of Appeals review and overturn the ITC's interpretation of the Shoals '153 Patent. The review would be on a "de novo" basis, meaning the court will review the interpretation without deferring to the ITC's latest determination. A favorable appeal should result in the Federal Circuit either finding infringement or remanding the case to the ITC to apply the ALJ's interpretation of the ‘153 Patent. Shoals is confident that under the proper interpretation, the ALJ's initial determination finding that Voltage did in fact violate Section 337 of the Tariff Act of 1930 by importing infringing LYNX trunk bus products into the United States, will be upheld.

News

SHLS

Reported Earlier, Shoals Technologies Appeals ITC Reversal To Federal Circuit, Secures New ITC Investigation Against Voltage

Fuel supply agreement strengthens reliability, lowers costs, and powers growth

Reported Earlier, Entergy Texas Joins Forces With Kinder Morgan, Golden Pass LNG To Secure Reliable Energy Supply For Southeast Texas

On Tuesday, Apple Inc. quietly rolled out a purchase migration feature, allowing users to consolidate purchases made on a secondary account into their primary one.&nbsp;
What Happened: The change was detailed in a newly published support document, which outlines the exact process and requirements for migrating purchases.
Who Can Use It: The feature is not available to users in the EU, U.K., or India. Family Sharing must be turned off. The primary account must have made at least one purchase or download for migration to be possible. For users who meet all the required conditions, the "Migrate Purchases" option will appear in the device settings.
See Also: <a href="https://www.benzinga.com/24/12/42384578/iphone-charging-cables-arent-all-safe-how-hackers-turn-them-into-tools-of-espionage">Not All iPhone Charging Cables Are Safe: Here&#8217;s How Hackers Turned Them Into Tools Of Espionage</a>
How To Migrate Purchases
Step I: Open the Settings app on an iPhone or iPad and tap on your Apple Account name at the top.
Step II: Select &#8220;Media &amp; Purchases&#8221;
Step III: Tap &#8220;View Account&#8221; and sign in if required
Step IV: Scroll down and select &#8220;Migrate Purchases&#8221;
Step V: Follow the on-screen instructions to complete the transfer
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The feature is designed for users who have been using separate Apple Accounts for different services—such as one for iCloud and another for buying apps, media, and subscriptions.
While Apple's Family Sharing has long allowed purchases to be shared among different accounts, this new feature lets users fully transfer their purchased content to a single Apple Account, eliminating the need to manage multiple Apple IDs for purchases.
Users have long been waiting for this feature.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In the category of I thought this would never, ever happen: Apple is finally. Yes, finally, allowing users to (kind-of) merge their Apple IDs. <a href="https://t.co/oXsX46vqZP">https://t.co/oXsX46vqZP</a>
&mdash; Mark Gurman (@markgurman) <a href="https://twitter.com/markgurman/status/1889458466613281098?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
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The move also comes as Apple continues refining its Apple Account system, rebranding it <a href="https://www.benzinga.com/news/23/11/35960221/apple-id-hack-and-phone-number-change-leave-users-without-icloud-no-help-from-iphone-maker">from Apple ID</a> to &#8220;Apple Account&#8221; <a href="https://www.benzinga.com/25/01/42907928/apples-alarm-issue-persists-ios-18-fails-to-fix-the-longstanding-problem-leaving-users-oversleeping">with iOS 18</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it" target="_blank" rel="noreferrer noopener">iOS 18 Includes Apple's New Passwords App with End-to-End Encryption: Here's How You Use It</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

Apple ID Switching No Longer Needed — Here's How To Migrate Your Apps, Music, Or Subscriptions

Zurn Elkay has agreed to repurchase from the underwriters 1,636,905(or approximately $55,000,000) of such shares of common stock at a price per share equal to the price per share paid by the underwriter to the selling stockholder in the offering. The underwriters will have a 30-day option to purchase up to an additional 1,162,500 shares of common stock from the selling stockholder. The selling stockholder will receive all of the net proceeds from the offering. No shares are being sold by Zurn Elkay in the offering.

Reported Earlier, Zurn Elkay Water Solutions Prices $271.25M Public Offering Of 7.75M Common Shares At $35/Share By Former Elkay Stockholder

Snap estimates that the net proceeds from the offering will be approximately $1,475.0 million, after deducting the initial purchasers' discounts and commissions and estimated expenses payable by Snap. Snap intends to use the net proceeds from the offering to repurchase an aggregate principal amount of (i) $45.3 million of its outstanding convertible senior notes due 2026, or the 2026 notes, (ii) $797.4 million of its outstanding convertible senior notes due 2027, or the 2027 notes, and (iii) $800.0 million of its outstanding convertible senior notes due 2028, or the 2028 notes, for an aggregate repurchase price of $1,445.1 million. Snap intends to use the remaining net proceeds from the offering for general corporate purposes, including working capital, operating expenses, capital expenditures, acquisitions of complementary businesses, or other repurchases of Snap's securities.

SNAP

Reported Earlier, Snap Prices $1.5B Upsized 6.875% Senior Notes Due 2033

Multi-Year Partnership Aims to Build a Robust Talent Pipeline to Empower India's Embedded Software Ecosystem

Reported Earlier, BlackBerry's QNX Expands 'QNX Everywhere' Initiative In India Through Multi-Year Partnership with Pi Square Technologie

Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) Director Baiju Bhatt sold options worth $5.03 million on Feb. 7, according to a recent U.S. Securities and Exchange Commission filing, just days before the company&#8217;s anticipated <a href="https://www.benzinga.com/25/02/43641644/robinhood-q4-earnings-preview-can-company-rebound-from-q3-miss-key-items-to-watch">fourth-quarter earnings announcement on Wednesday</a>.
What Happened: The transaction, involving options priced at $55.34 each, comes as Robinhood prepares to report what analysts expect will be record quarterly revenue. The company&#8217;s stock has surged more than 344% over the past year, closing at $53.34 on Tuesday.
Wall Street anticipates Robinhood will report fourth-quarter <a href="https://www.benzinga.com/25/02/43641644/robinhood-q4-earnings-preview-can-company-rebound-from-q3-miss-key-items-to-watch">revenue of $920.41 million</a>, nearly double the $471.0 million from the same period last year. Analysts project earnings per share of 43 cents, up significantly from 3 cents in the previous year&#8217;s quarter.
The trading platform showed mixed results in the third quarter of 2024, missing revenue estimates but demonstrating strong user growth with one million new funded accounts and 1.5 million new investment accounts. The company&#8217;s premium subscription service, Robinhood Gold, reached 2.2 million subscribers after adding 860,000 new users in the third quarter.
See Also: <a href="https://www.benzinga.com/25/02/43646173/bitcoin-ethereum-dogecoin-dip-even-as-fed-chair-powell-says-no-to-cbdcs-analyst-says-btc-under-consolidation-but-next-big-move-could-be-likely">Bitcoin, Ethereum, Dogecoin Dip Even As Fed Chair Powell Says No To CBDC: Analyst Says BTC Under Consolidation But &#8216;Next Big Move&#8217; Likely</a>
Why It Matters: Recent analyst actions reflect optimism about Robinhood&#8217;s prospects. Mizuho raised its price target to $65 from $60 on Feb. 7, maintaining an Outperform rating. The <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">consensus price target</a> among 17 analysts stands at $44.63, with recent targets suggesting further upside potential.
The company has beaten earnings estimates in eight of the last 10 quarters and has maintained profitability in five of the past six quarters, marking a significant turnaround in <a href="https://www.benzinga.com/25/02/43641644/robinhood-q4-earnings-preview-can-company-rebound-from-q3-miss-key-items-to-watch">its financial performance</a>.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12004415/Screenshot-2025-02-12-at-11.13.24%E2%80%AFAM-1024x380.png" alt="" class="wp-image-777786" style="width:675px;height:auto" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43647586/coca-cola-won-overall-share-from-pepsi-maaza-crosses-1-billion-milestone-analyst-says-never-seen-fundamentals-this-good-amid-strong-2025-outlook">Coca-Cola &#8216;Won Overall Share&#8217; From Pepsi: Analyst Says &#8216;Never Seen Fundamentals This Good,&#8217; Amid Strong 2025 Outlook</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.

Equities

Markets

HOOD

Robinhood Director Baiju Bhatt Sells $5 Million In Options Ahead Of Q4 Earnings

Cryptocurrency custodian company BitGo, Inc. was contemplating an initial public offering listing later this year, according to a media report on Tuesday.
What happened: The California-headquartered company was in talks with potential advisors for a listing that could come as early as the second half of 2025, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-02-11/crypto-custody-firm-bitgo-said-to-weigh-ipo-as-soon-as-this-year">reported</a>, citing sources familiar with the matter.
Discussions about the IPO are ongoing, and no final decisions have been made. BitGo didn't immediately return Benzinga's request for comment.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
Why It Matters: BitGo provides regulated custody for digital assets, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), and claims to manage over $100 billion in assets under custody.&nbsp;
Known for its multi-signature wallets, BitGo also offers <a href="https://www.benzinga.com/content/41819000/the-9-most-credible-crypto-recovery-companies">recovery solutions</a> to clients who have lost access to their private keys or backup passcodes.
Cryptocurrency behemoth Galaxy Digital expressed interest in acquiring BitGo in 2021 but terminated the deal later, leading to <a href="https://www.benzinga.com/content/39021028/bitgos-100m-suit-against-galaxy-gets-green-light-from-delaware-supreme-court">legal flashpoints</a> between the two entities.
The company's CEO, Mike Belshe, was one of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41357154/crypto-lobbyists-are-quietly-influencing-2024-election-this-is-their-playbook">prominent financial backers</a> of Donald Trump's presidential campaign last year.
The IPO speculation suggested increased optimism for a more accommodative cryptocurrency policy under the Trump administration.
Image: Shutterstock/ MaximP
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
</ul>

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

Cryptocurrency

$BTC

BitGo Reportedly Considering IPO Later In 2024—Crypto Custody Company Lays Claim To $100 Billion In Assets

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has released its full self-driving (FSD) driver assistance technology, previously limited to the <a href="https://www.benzinga.com/tech/25/01/43326943/elon-musk-is-kind-of-glad-many-didnt-pick-up-a-tesla-fsd-subscription-heres-why">U.S. and Canada</a>, in Mexico. 
What Happened: &#8220;¡Hola México!,&#8221; Tesla wrote on one of its affiliate profiles on X, confirming posts from Tesla users in Mexico that FSD is now available in the country. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">¡Hola México! &#x1f1f2;&#x1f1fd; <a href="https://t.co/Hidp7vw9qz">https://t.co/Hidp7vw9qz</a>
&mdash; Tesla AI (@Tesla_AI) <a href="https://twitter.com/Tesla_AI/status/1889306720381366358?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
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Tesla had previously said that the company would gradually make FSD available to customers in select countries outside of the U.S. and Canada. 
Warning For Tesla Drivers In Mexico: FSD presently requires active driver supervision and does not make the vehicle autonomous as suggested by the name of the technology. 
The company, in its owner&#8217;s manual, warns drivers using the technology in newly eligible countries to be &#8220;overly cautious.&#8221;
&#8220;Because every country contains unique infrastructure, driving behaviors, and traffic patterns that&nbsp;Full Self-Driving (Supervised)&nbsp;must adapt to over time, it is essential for drivers using&nbsp;Full Self-Driving (Supervised)&nbsp;in newly eligible countries to be extra attentive and overly cautious. You must be ready to take over safely at any time,&#8221; it says. 
Why It Matters: In September, Tesla said it will roll out FSD in Europe and China in the <a href="https://www.benzinga.com/news/24/09/40724069/tesla-fsd-rollout-in-china-europe-planned-for-q1-2025">first quarter of 2025</a>, pending regulatory approval. 
However, Tesla CEO Elon Musk said in January during the company&#8217;s fourth-quarter earnings call that regulations are preventing the launch of FSD in both regions.
&#8220;Europe is a layer cake of regulations and bureaucracy, which really needs to be addressed,&#8221; Musk said while adding that he does not see FSD being launched in Europe in the first quarter as previously promised. 
In China, meanwhile, the company is faced with other &#8220;challenges.&#8221; While China doesn&#8217;t allow training videos from Tesla vehicles in the country to be transferred back to the U.S., the U.S. government doesn&#8217;t allow the company to train the software in China, Musk said, terming it &#8220;a bit of a quandary.&#8221;
Photo via Shutterstock
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43617724/deploying-tesla-superchargers-cost-40000-45000-per-stall-or-roughly-the-price-of-model-3-sedan-says-exec">Deploying Tesla Superchargers Cost $40,000-$45,000 Per Stall Or Roughly The Price Of Model 3 Sedan, Says Exec</a></li>
</ul>

TSLA

Tesla Releases Supervised Full Self-Driving In Mexico, Says 'Hola' To Local Drivers

Coca-Cola Company&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) fourth-quarter earnings <a href="https://www.benzinga.com/news/earnings/25/02/43623639/coca-cola-pops-in-q4-revenue-soars-6-ceo-hails-all-weather-strategy">exceeded</a> expectations amid strong &#8220;fundamentals&#8221; despite currency headwinds and a significant market share grab from its rival PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>).
What Happened: &#8220;We won overall share and had broad-based share gains across our global beverage categories,&#8221; said James Quincey, the chairman and CEO of the beverage company.
The company&#8217;s robust 2024 results, which included volume growth, robust organic revenue growth, and comparable gross and operating margin expansion, underscore this positive momentum.
Nik Modi of RBC Capital Markets, a veteran beverage industry watcher, expressed astonishment at Coca-Cola&#8217;s current strength in a conversation with Yahoo Finance.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;They are really gaining traction and taking a lot of share from <a href="https://twitter.com/search?q=%24PEP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEP</a>,&quot; RBC Capital Markets&#39; Nik Modi says on <a href="https://twitter.com/search?q=%24KO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$KO</a> following Q4 earnings. &quot;Coke&#39;s strategy, I&#39;ve been covering this stock for almost 20 years, [and] I&#39;ve never seen their fundamentals in this good a shape.&quot; <a href="https://t.co/OWXuTmMrSJ">pic.twitter.com/OWXuTmMrSJ</a>
&mdash; Yahoo Finance (@YahooFinance) <a href="https://twitter.com/YahooFinance/status/1889423812938141886?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
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While sparkling soft drinks continue to perform, the company is seeing &#8220;momentum in other categories like value-added dairy and tea,&#8221; demonstrating a successful diversification strategy, added Quincey.
Furthermore, Maaza, a mango-flavored fruit drink brand in India, surpassed the $1 billion milestone in that country, it is &#8220;now our 30th billion-dollar brand,&#8221; the management said.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43616409/warren-buffetts-berkshire-hathaway-loads-up-on-sirius-xm-amid-price-target-cuts-company-pays-dividend-but-better-off-in-t-bills-says-expert" target="_blank" rel="noreferrer noopener">Warren Buffett's Berkshire Hathaway Loads Up On Sirius XM Amid Price Target Cuts: Company Pays Dividend ‘But Better Off In T-Bills,' Says Expert</a>
Why It Matters: Coca-Cola <a href="https://www.benzinga.com/news/earnings/25/02/43623639/coca-cola-pops-in-q4-revenue-soars-6-ceo-hails-all-weather-strategy">beat</a> its fourth-quarter sales and earnings per share estimates, reporting $11.5 billion in revenue and $0.55 EPS. The company projects 5-6% organic revenue growth and 8-10% currency-neutral EPS growth for fiscal year 2025, though overall EPS growth is expected at 2-3%. Free cash flow is forecast at approximately $9.5 billion.
&#8220;Given the strong momentum of our business, we&#8217;re confident we can deliver on our 2025 guidance and longer-term objectives,&#8221; added CEO Quincey.
However, the first quarter net revenue is expected to include a 3-4% currency headwind.
CFO John Murphy said, &#8220;We have an unwavering priority to grow our dividend as we&#8217;ve done for 62 consecutive years.&#8221;
Additionally, this year, for &#8220;the first time,&#8221; the Coca-Cola Christmas ad was created with generative AI, which led to a &#8220;faster&#8221; production at a &#8220;lower cost&#8221; said Quincey. &#8220;The power of emerging technologies like generative AI are still at early stages and we will continue to lead and iterate our approach,&#8221; he added.
Price Action: The shares rose by 4.73% to $67.60 apiece on Tuesday and slid by 0.67% in after-hours, whereas the exchange-traded fun tracking S&amp;P 500 index, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.076%.
KO shares have gained 9.31% on a year-to-date basis, whereas it was up only by 13.23% over the last one year.
The average price target among 24 <a href="https://www.benzinga.com/quote/KO/analyst-ratings">analysts tracked by Benzinga</a> is $71.3 with a ‘buy' rating. The estimates range from $64 to $80 apiece. Recent ratings from RBC Capital, Jefferies, and JP Morgan suggest a $71.33 target, implying a potential upside of 6.23%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/KO/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="381" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12000921/Coca-Cola-ANR-1024x381.png" alt="" class="wp-image-777747" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12000921/Coca-Cola-ANR-1024x381.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12000921/Coca-Cola-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12000921/Coca-Cola-ANR-768x286.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/12000921/Coca-Cola-ANR.png 1059w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Image from Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43622036/warren-buffett-indicator-tops-205-amid-skyrocketing-sp-500-valuations-as-this-billionaire-dot-com-crash-predictor-sounds-alarm">Warren Buffett Indicator Tops 205% Amid Skyrocketing S&amp;P 500 Valuations As Billionaire Who Predicted Dot-Com Crash 25 Years Ago Warns Of Brewing Trouble</a></li>
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Analyst Color

Earnings

Earnings Beats

Market Summary

Broad U.S. Equity ETFs

Analyst Ratings

General

Coca-Cola 'Won Overall Share' From Pepsi: Analyst Says 'Never Seen Fundamentals This Good,' Amid Strong 2025 Outlook

On Tuesday, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) renamed the Gulf of Mexico to Gulf of America on its Maps app, following an <a href="https://www.benzinga.com/government/regulations/25/01/43086509/trump-unleashes-executive-orders-on-border-security-oil-drilling-domestic-manufacturing-in-first-acts-as-president">executive order signed</a> by U.S. President Donald Trump on his first day in office.
What Happened: The U.S. government officially updated its maps to reflect the new name. Apple is rolling out the change for U.S. users first, with a global update coming soon.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GULF OF AMERICA on <a href="https://twitter.com/Apple?ref_src=twsrc%5Etfw">@Apple</a> Maps &#x1f1fa;&#x1f1f8; <a href="https://t.co/vlDmZ6aDIW">pic.twitter.com/vlDmZ6aDIW</a>
&mdash; The White House (@WhiteHouse) <a href="https://twitter.com/WhiteHouse/status/1889496850874474747?ref_src=twsrc%5Etfw">February 12, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/02/43646615/top-analyst-says-metas-ai-push-could-add-100-per-share-while-tesla-faces-ev-headwindswhy-hes-still-bullish-on-musks-robotics-vision">Meta&#8217;s AI Push Could Add $100 Per Share While Tesla Faces EV Headwinds: Top Analyst</a>
Jane Manchun Wong, a well-known developer, took to X, formerly Twitter, and said, &#8220;If you zoom in close enough on Apple Maps, the new &#8216;Gulf of America&#8217; label would become &#8216;Gulf of Mexico.'&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you zoom in close enough on Apple Maps, the new "Gulf of America" label would become "Gulf of Mexico" <a href="https://t.co/IbL7EabO3E">pic.twitter.com/IbL7EabO3E</a>
&mdash; Jane Manchun Wong (@wongmjane) <a href="https://twitter.com/wongmjane/status/1889460418978128222?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
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</figure>
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Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google already made the <a href="https://in.benzinga.com/tech/25/01/43256798/google-maps-to-rename-gulf-of-mexico-to-gulf-of-america-for-us-users-in-aftermath-of-trump-executive-order">switch on its Maps app</a> earlier this week.
However, Microsoft Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bing Maps and MapQuest Inc. have yet to follow suit, <a href="https://www.bloomberg.com/news/articles/2025-02-11/apple-is-renaming-gulf-of-mexico-to-gulf-of-america-on-maps-app?srnd=phx-technology">reported</a> Bloomberg.
Why It Matters: Apple&#8217;s decision to rename the gulf comes amid criticism from Republican lawmakers for not immediately complying with Trump&#8217;s order.
U.S. Representative Greg Steube expressed disapproval on Facebook, stating that Apple is &#8220;still lost at sea.&#8221;
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11231906/Screenshot-2025-02-12-at-9.48.53%E2%80%AFAM-1024x856.png" alt="" class="wp-image-777701" /><figcaption class="wp-element-caption">Source: Facebook</figcaption></figure>
Meanwhile, Mexican President Claudia Sheinbaum formally requested Google to <a href="https://in.benzinga.com/media/25/01/43375573/mexican-president-asks-google-not-to-rename-gulf-of-mexico-takes-a-swipe-at-trump-decision-by-asking-for-mexican-america">reconsider the renaming</a>. Sheinbaum criticized the decision and humorously suggested renaming the United States as &#8220;Mexican America&#8221; in response to Trump&#8217;s order.
Price Action: Apple's stock rose 0.095% to $232.84 in after-hours trading, following a 2.18% increase to $232.62 at Tuesday&#8217;s close, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: charnsitr On Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

AAPL

GOOG

GOOGL

MSFT

Trump White House Boasts Apple's 'Gulf Of Mexico' Rename, But Pinch To Zoom And You Might Be Surprised

Amid skepticism of his support for the Stool Prisondente (JAILSTOOL) token, Barstool Sports founder Dave Portnoy turned to promote another meme coin, Dave Fartnoy, on Tuesday.
What Happened: The popular social media personality took to X to shill another Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based meme coin that poked fun at him. 
&#8220;Let's see how this works.&nbsp;I bought Dave Fartnoy. I&nbsp;got no clue who made&nbsp;it. It was sent to&nbsp;me,&#8221; Portnoy said, adding that he may sell the coin &#8220;at any moment.&#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 lose the plot you want people to believe because you keep shilling all these useless shitcoins you are buying to your audience rather than just staying quiet about it.
&mdash; Benjamin Cowen (@intocryptoverse) <a href="https://twitter.com/intocryptoverse/status/1889038589134098933?ref_src=twsrc%5Etfw">February 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
That said, he warned that getting into the coin would be a &#8220;risk&#8221; and advised his followers to only invest what they can afford to lose. 
&#8220;They could rug you at any moment,&#8221; Portnoy cautioned. &#8220;No crypto bros crying when the music stops.&#8221;
Incidentally, Dave Fartnoy, trading at a wafer-thin liquidity of $5,000, plunged over 58% in the last 24 hours, <a href="https://dexscreener.com/solana/2w9zplzjgbtnh9rge3nptspetnyg31yc2mkfelo9ytwd">according </a>to data from Dexscreener.
Well-known cryptocurrency analyst Benjamin Cowen slammed Portnoy for promoting &#8220;useless sh&#x2A;tcoins&#8221; rather than just staying quiet about it.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
Why It Matters: This move follows Portnoy&#8217;s investments in JAILSTOOL, a <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43605114/dave-portnoy-holds-millions-in-bitcoin-and-xrp-but-heres-why-he-concluded-his-heart-is-too-big-for-this-space">satirical meme coin</a> mocking his cryptocurrency trading habits.
Portnoy spent hundreds of thousands of dollars on the token, promising not to grab early profits and expressing his commitment to the token.
Price Action: As of this writing, JAILSTOOL was trading at $0.06041, up nearly 80% in the last 24 hours, <a href="https://coinmarketcap.com/currencies/stool-prisondente/">according </a>to CoinMarketCap. Since launch, the meme coin has lost 37% of its value.
The popularity of celebrity meme coins has grown in recent months, with even President Donald Trump launching his own Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) token. Recently, controversial rapper Kanye West <a href="https://in.benzinga.com/25/02/43583457/kanye-west-has-no-plans-of-introducing-his-meme-coin-coins-prey-on-the-fans-with-hype">denied intention</a> to launch his meme coin.
Prominent voices like Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) creator Vitalik Buterin have long argued against such projects, stating that they <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43182670/amid-trump-token-frenzy-ethereums-vitalik-buterin-warns-of-unlimited-political-bribery-via-memecoins" target="_blank" rel="noreferrer noopener">just benefit celebrities and early adopters</a>.
Photo Courtesy: ddRender on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$ETH

$SOL

$TRUMP

Dave Portnoy Buys Risk-Laden 'Dave Fartnoy' After Promoting Controversial JAILSTOOL:  'I'm In This One To Make Money'

Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) outlined an ambitious growth trajectory on Tuesday, projecting fiscal year 2026 revenue of $40 billion despite recent challenges including delayed <a href="https://www.benzinga.com/news/earnings/25/02/43641646/super-micro-reports-preliminary-q2-earnings-company-expects-file-delayed-reports-coming-weeks">financial filings and regulatory investigations</a>.
What Happened: During its second-quarter earnings call, CEO Charles Liang characterized the $40 billion target as a &#8220;conservative estimation,&#8221; forecasting 65% year-over-year growth. This comes as the company reported preliminary second-quarter revenue between $5.6 billion and $5.7 billion, representing a 54% increase from the previous year.
However, Supermicro scaled back its fiscal year 2025 guidance to $23.5-25 billion from its previous forecast of $26-30 billion, citing product transition impacts and delays in new technology deployment. 
To strengthen its financial position, Supermicro announced a $700 million convertible senior notes placement due 2028, while also amending existing notes due 2029. The company ended the second quarter with $1.4 billion in cash, improving to approximately $2 billion by Jan. 31.
Nasdaq Exchange granted SMCI until Feb. 25 to file its 10-K, with delisting risk <a href="https://www.benzinga.com/markets/25/02/43618710/smci-stock-falls-nearly-4-in-tuesday-pre-market-as-investors-await-an-update-on-delayed-filing">if it misses the deadline</a>.
See Also: <a href="https://www.benzinga.com/25/02/43646173/bitcoin-ethereum-dogecoin-dip-even-as-fed-chair-powell-says-no-to-cbdcs-analyst-says-btc-under-consolidation-but-next-big-move-could-be-likely">Bitcoin, Ethereum, Dogecoin Dip Even As Fed Chair Powell Says No To CBDC: Analyst Says BTC Under Consolidation But &#8216;Next Big Move&#8217; Likely</a>
Why It Matters: The company faces ongoing scrutiny following Ernst &amp; Young&#8216;s resignation as auditor in October and subsequent Department of Justice and SEC subpoenas <a href="https://www.benzinga.com/news/earnings/25/02/43641646/super-micro-reports-preliminary-q2-earnings-company-expects-file-delayed-reports-coming-weeks">related to a short seller report</a>. Supermicro expects to file its delayed financial reports by Feb. 25, with management maintaining that an independent Special Committee found <a href="https://www.benzinga.com/news/earnings/25/02/43641646/super-micro-reports-preliminary-q2-earnings-company-expects-file-delayed-reports-coming-weeks">no evidence of fraud or misconduct</a>.
Looking ahead, Supermicro emphasized its competitive advantages in liquid cooling technology, claiming a 60% market share. &#8220;We expect more than 30% of new data centers worldwide to adopt liquid cooling infrastructure within the next twelve months,&#8221; Liang noted, pointing to growing AI infrastructure demand.
The company operates at partial capacity, with U.S. facilities at 55% utilization and significant room for expansion in Taiwan and Malaysia operations, positioning it for potential growth as AI adoption accelerates globally.
SMCI&#8217;s <a href="https://www.benzinga.com/quote/SMCI/analyst-ratings">consensus price target</a> is $467.47 from 17 analysts, with a high of $1,300 and a low of $23. The latest ratings from Loop Capital, Goldman Sachs, and J.P. Morgan average $30.33, implying a 27.52% downside.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11225249/Screenshot-2025-02-12-at-9.22.16%E2%80%AFAM-1024x370.png" alt="" class="wp-image-777677" style="width:682px;height:auto" /></figure>
Price Action: Super Micro Computer Inc. stock closed at $38.61 on Tuesday, down 9.47% for the day. In after-hours trading, the stock rebounded 8.39%. Year to date, shares have gained 28.49%, but over the past year, the stock has declined 50.05%, according to&nbsp;<a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SMCI

Supermicro Eyes $40 Billion Revenue Despite Regulatory Heat, Auditor Exit—CEO Calls It 'Conservative Estimation'

On Tuesday, the United States and the United Kingdom declined to sign a global AI safety declaration at the <a href="https://in.benzinga.com/trading-ideas/movers/25/02/43638878/intel-shares-are-up-today-whats-going-on">AI Action Summit</a> in Paris, marking a departure from previous AI summits where they had supported similar agreements.
What Happened: Around 60 countries, including China, India, and Germany, signed a non-binding declaration advocating for AI to be &#8220;safe, secure, and trustworthy,&#8221; <a href="https://www.ft.com/content/a6b5426d-645f-433b-8090-a2a26a3deec6">reported</a> the Financial Times.&nbsp;
U.S. Vice President JD Vance, speaking at the event, criticized what he called "overly precautionary" AI regulations that could stifle innovation.
&#8220;We believe that excessive regulation of the AI sector could kill a transformative industry just as it's taking off,&#8221; Vance stated.
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43591228/sam-altmans-openai-set-to-finalize-in-house-ai-chip-reducing-dependence-on-nvidia-report">Sam Altman&#8217;s OpenAI Set To Finalize In-House AI Chip, Reducing Dependence On Nvidia: Report</a>
"America wants to partner with all of you…but to create that kind of trust, we need international regulatory regimes that foster the creation of AI technology rather than strangle it," he said.
He said that the Donald Trump administration would ensure &#8220;the most powerful AI systems are built in the U.S., with American-designed and manufactured chips.&#8221;
A British official suggested that the declaration's wording was "too restrictive."
Another U.K. government spokesperson stated it "didn't provide enough practical clarity on global governance, nor sufficiently address harder questions around national security," the report noted.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The refusal to sign the declaration highlights growing geopolitical tensions over <a href="https://www.benzinga.com/government/regulations/24/11/42144915/china-unveils-global-ai-governance-committee-with-alibaba-cloud-founder-at-the-helm">AI governance</a>.
The U.S., eager to maintain its edge over China, is focusing on AI innovation. Last month, Trump announced a <a href="https://in.benzinga.com/startups/25/02/43420092/as-easy-as-it-can-be-trump-promises-ai-giants-support-with-500b-investment-plan-how-does-it-compare-with-deepseek">$500 billion private-sector</a> AI investment package, known as the &#8220;Stargate&#8221; project, aimed at building massive data centers in Texas.
The shockwaves caused by China&#8217;s DeepSeek AI model, which delivers high-level performance at lower costs, have further fueled <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43382103/experts-say-deepseek-proves-high-performance-ai-possible-without-silicon-valleys-spending">concerns in Silicon Valley</a>.
Despite the cost-effectiveness of such models, China's industry leaders like Baidu CEO Robin Li have stressed the need for <a href="https://in.benzinga.com/markets/25/02/43616825/deepseeks-success-just-the-start-more-ai-funding-still-very-much-required-says-baidu-ceo-you-just-dont-know-when-and-where-innovations-come-from">continued investment</a> in AI infrastructure to maintain a competitive edge.
Image via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

JD Vance Says 'Excessive Regulation' Could Kill The Industry As US, UK Refuse To Sign AI Safety Pact

Investment banking giant Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) loaded up more shares of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot exchange-traded funds in the fourth quarter of 2024, according to its latest 13F filing with the SEC.&nbsp;
What happened: The Wall Street giant reported a significant stake in Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>), with 3.53 million shares valued at $288.01 million. Goldman Sachs bought an additional 1.8 million shares of FBTC in the fourth quarter ending Dec. 31.
Additionally, it increased its exposure to the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) to $1.27 billion after scooping up an additional 11.30 million shares of the world's largest Bitcoin fund.
Interestingly, the bank sold its entire stake in the ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>) and reduced exposure to the Grayscale Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>).
Its total Bitcoin ETF holdings rose to $1.56 billion, up from <a href="https://www.benzinga.com/24/11/42029764/global-banks-jp-morgan-goldman-sachs-add-to-bitcoin-ethere-etf-positions-in-q3-morgan-stanley-increases-microstrategy-stake-to-16b">$710 million</a> reported in the third quarter.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
The banking behemoth also added to its Ethereum spot ETF positions.&nbsp;
It added exposure to the iShares Ethereum Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) for the first time, buying 9.31 million shares worth $235.5 million. It reported an increased stake worth $234.69 million in Fidelity Ethereum Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FETH#BATS">FETH</a>).
Goldman Sachs' total Ethereum ETF exposure reached $476.5 million at the end of the fourth quarter, a massive increase from a little over $25 million in the previous quarter.
Price Action: Shares of Goldman Sachs closed 0.51% lower at $647.24 during Tuesday's regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the stock has gained 13.03%.
Photo Courtesy: Shutterstock.com
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ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

ETHA

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

Fidelity Ethereum Fund Fidelity Ethereum Fund

FETH

GBTC

IBIT

Goldman Sachs Increases Bitcoin ETF Stake Over $1.5 Billion In Q4, Reports A Massive 1793% Jump In Ethereum ETF Holdings

<a href="https://www.benzinga.com/startups/25/02/43466203/warren-buffetts-127-billion-stock-sell-off-sends-wall-street-a-stark-warning-for-2025-below-average-returns-ahead">Warren Buffett</a> may be a financial mastermind, but when it comes to self-control, even he needs a little extra motivation.&nbsp;
The billionaire investor, known for his sharp decision-making and long-term strategy, had one particular weakness: junk food. Despite living off a diet that would make most nutritionists cringe—McDonald's breakfasts, Dairy Queen sundaes, and an alarming amount of Coca-Cola—Buffett feared gaining too much weight. And in true Buffett fashion, he didn't just set a goal. He made a bet.
In his official 2008 biography "The Snowball: Warren Buffett and the Business of Life" by Alice Schroeder, Buffett understood his own tendencies all too well. To keep himself accountable, Buffett handed his children unsigned checks for $10,000 each, promising to sign them if he exceeded a certain weight.&nbsp;
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The plan seemed foolproof—until his kids saw an opportunity. Instead of cheering him on, they went full Wall Street and tried to game the system. Donuts, pizza and fried food mysteriously appeared around the house, conveniently placed within Buffett's reach. His children, eager to cash in on their father's notorious frugality, became his biggest saboteurs.
For someone who <a href="https://fortune.com/well/article/warren-buffett-birthday-longevity-habits/">once told Fortune</a>, "I eat like a 6-year-old," this was no easy challenge. His daily routine included five 12-ounce Coca-Colas—"If I eat 2,700 calories a day, a quarter of that is Coca-Cola. I do it every day," he said.&nbsp;
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His mornings started with a McDonald's drive-thru stop, where he picked from one of three breakfast options based on how the market was performing. If Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>, BRK.B)) was up, he'd <a href="https://www.benzinga.com/personal-finance/24/10/41230382/warren-buffett-lets-the-stock-market-decide-his-mcdonalds-breakfast-order-when-its-up-he-spends-">splurge on a bacon, egg, and cheese biscuit</a>. If it was down, two sausage patties would do. Lunch often meant a Dairy Queen chili cheese dog and an ice cream sundae topped with cherry syrup and chopped nuts. And then there were the snacks: Utz potato sticks, See's Candies, and a salt intake so excessive that former Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) CEO John Stumpf once compared it to a "snowstorm."
Despite this, Buffett had a trick up his sleeve. His $10,000 bet wasn't just a quirky wager—it was a classic example of a commitment device, a concept in behavioral economics where people create consequences to hold themselves accountable for their actions. A <a href="https://www.psychologytoday.com/us/blog/predictably-irrational/200903/warren-buffett-and-his-attempts-self-control">2009 Psychology Today</a> article referencing the same weight-bet anecdote highlighted Buffett as a textbook example of a "sophisticate." Unlike "naifs," who think they'll start their diet tomorrow but never do, or "rational" thinkers, who always make optimal choices, a "sophisticate" understands their own irrationality and sets up systems to counteract it. Buffett knew that, left unchecked, he'd happily eat himself into a sugar coma. So, he made sure that failing his weight goal came at a real cost—$10,000 to his kids.
See Also: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
Of course, his children didn't make it easy. Instead of letting Buffett quietly stick to his goal, they turned it into an opportunity for financial gain. Junk food started appearing around the house, placed strategically to tempt him. But even against their best efforts, Buffett prevailed. The checks went unsigned, proving that even the Oracle of Omaha can outmaneuver his own cravings.
Buffett's bet was a perfect example of how he applies his investing principles to everyday life. Just like in the stock market, where he stays disciplined and avoids emotional decisions, he managed to <a href="https://www.benzinga.com/money/are-you-rich">outwit his biggest opponents</a>—his own kids and his love for junk food. Turns out, nothing tests willpower quite like a financial incentive, especially when there's $10,000 at stake. If every failed diet came with that kind of price tag, there'd probably be a lot fewer broken New Year's resolutions.
Read Next:
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<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
</ul>
Image Via Shutterstock

Billionaire Warren Buffett Bet His Kids $10,000 He Wouldn't Gain Weight —And They Tried To Cash In By Sabotaging Him With Donuts

The Future Fund LLC Managing Partner Gary Black highlighted Lyft Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) record year performance on Tuesday, sharing CEO David Risher&#8216;s announcement about serving 44 million riders across the U.S. and Canada in 2024.
What Happened: The comments came as Lyft reported strong <a href="https://www.benzinga.com/news/earnings/25/02/43641962/lyft-q4-earnings-revenue-beat-gross-bookings-up-15-new-buyback-our-biggest-competition-is-inertia">fourth-quarter results</a>, with revenue reaching $1.6 billion, exceeding analyst expectations of $1.56 billion. The company achieved notable growth metrics, including a 15% year-over-year increase in gross bookings to $4.3 billion and a 10% rise in active riders to 24.7 million.
Black, whose Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) <a href="https://futurefundetf.com/fund">holds</a> positions in Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) but not in Lyft, recently addressed the future of ride-hailing platforms in the context of autonomous vehicle networks. 
He pointed to Uber&#8217;s 170 million monthly active users as a significant market advantage, comparing it to Amazon.com Inc.&#8217;s position in e-commerce with <a href="https://in.benzinga.com/markets/equities/25/02/43551087/gary-black-says-teslas-insufficiently-robust-autonomous-network-to-compete-with-ubers-170-million-users-draws-parallels-to-amazons-e-commerce-domination">its 310 million monthly active users</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Quote of the day &#8211; Lyft CEO David Risher: "2024 was a record-smashing year for Lyft. Thanks to our industry-leading service levels, we helped 44 million people across the U.S. and Canada get off their tuchuses." <a href="https://twitter.com/search?q=%24LYFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LYFT</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1889429205869531566?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/25/02/43646255/cathie-woods-massive-tuesday-overhaul-unloads-28-4m-in-palantir-dumps-robinhood-swoops-up-tech-giants-shopify-amd-tsmc-and-amazon">Cathie Wood&#8217;s Massive Tuesday Overhaul: Unloads $28.4M In Palantir, Dumps Robinhood, Swoops Up Tech Giants Shopify, AMD, TSMC And Amazon</a>
Why It Matters: The ride-hailing landscape continues to evolve, with multiple companies advancing their autonomous vehicle strategies. Lyft plans to launch Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) <a href="https://in.benzinga.com/25/02/43635839/lyft-rides-a-bullish-wave-ahead-of-q4-earnings-but-will-robotaxis-be-the-real-game-changer">powered robotaxis in Dallas by 2026</a>. 
Uber has partnered with Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo for driverless rides, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) aims to introduce its robotaxi service in Texas and California by 2025.
Risher emphasized the company&#8217;s focus on growth, stating, &#8220;2025 will be the year we show millions of riders and drivers: You&#8217;ve now got a better rideshare choice.&#8221; The company recently authorized a $500 million share repurchase program and reported $759.32 million in cash and cash equivalents at <a href="https://www.benzinga.com/news/earnings/25/02/43641962/lyft-q4-earnings-revenue-beat-gross-bookings-up-15-new-buyback-our-biggest-competition-is-inertia">the quarter&#8217;s end</a>.
Lyft&#8217;s <a href="https://www.benzinga.com/quote/LYFT/analyst-ratings">consensus price target</a> is $17.84 from 36 analysts, with a high of $26 and a low of $10. The latest ratings from BofA Securities and UBS average $18.67, implying a 45.83% upside. 
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11215307/Screenshot-2025-02-12-at-8.22.14%E2%80%AFAM-1024x373.png" alt="" class="wp-image-777599" style="width:675px;height:auto" /></figure>
Price Action: Lyft stock closed at $14.39 on Tuesday, down 4.83%, with an 11.05% after-hours drop. Over the past year, shares have risen 16.05%, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/25/02/43637482/trump-gaza-cherish-it-white-house-meeting-with-jordans-king-abdullah">Trump Says We Will &#8216;Take Gaza&#8217; And &#8216;Cherish It&#8217; In White House Meeting With Jordan&#8217;s King Abdullah</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.

AMZN

FFND

LYFT

MBLY

UBER

Gary Black Takes Stock Of Lyft's Record Year With 44 Million Riders As Company Plans Mobileye Robotaxis By 2026

World Liberty Financial, a cryptocurrency project backed by President Donald Trump, announced a strategic token reserve Tuesday to &#8220;bolster&#8221; projects like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
What Happened: World Liberty Financial took to X to reveal the so-called &#8220;Macro Strategy,&#8221; meant to serve&nbsp;as a &#8220;robust financial backbone&#8221;&nbsp;for its decentralized finance project.
The reserve aims to mitigate market volatility by diversifying&nbsp;holdings across&nbsp;tokenized assets. Additionally, the asset pool would enable World Liberty Financial to invest in &#8220;innovative&#8221; projects and support ecosystem development.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dear WLFI Community, We are thrilled to announce a transformative initiative that marks a significant milestone in our journey together. World Liberty Financial (WLFI) is proud to unveil the Macro Strategy, our strategic token reserve designed to bolster leading projects like…
&mdash; WLFI (@worldlibertyfi) <a href="https://twitter.com/worldlibertyfi/status/1889429781512409346?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The platform stated that it was working with financial institutions to receive tokenized assets, which would be stored in its publicly accessible wallet. 
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
Why It Matters: This announcement comes amid World Liberty Financial&#8217;s strategic purchases of several DeFi-linked coins to build its platform. 
The platform swapped $5 million in USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) for Ethereum on Tuesday, taking its overall ETH holdings to $48.39 million, <a href="https://platform.spotonchain.ai/en/entity/2361">according</a> to Spotonchain. Its stockpile also consisted of $9 million in Wrapped Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WBTC</a>) and $9.8 million in Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) as of this writing, along with holdings in Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>) and Aave (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>).
The project was launched last year to <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40905315/donald-trumps-new-crypto-project-world-liberty-financial-everything-you-need-to-know" target="_blank" rel="noreferrer noopener">allow users to borrow</a>, lend, and earn interest on funds through the DeFi route. The&nbsp;WLFI&nbsp;token would serve as the platform's governance token.
The project was <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40722435/trumps-crypto-project-vows-to-bolster-us-financial-dominance-with-dollar-pegged-stablecoin" target="_blank" rel="noreferrer noopener">aggressively promoted</a> by Trump and his family, and a firm associated with the President-elect, DT Marks DEFI, LLC, stands to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41395007/trump-affiliated-entity-will-get-75-of-world-liberty-financials-revenue-and-22-of-wlfi-tok" target="_blank" rel="noreferrer noopener">receive 75% of the protocol revenue</a>.
Photo Courtesy: Shutterstock.com
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
</ul>

$AAVE

$LINK

$TRX

$USDC

$WBTC

Trump-Backed World Liberty Financial Unveils Strategic Token Reserve To 'Bolster' Bitcoin, Ethereum — Scoops Up Another $5 Million In ETH

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is riding a <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/02/43622437/meta-outperforms-magnificent-7-as-16-day-streak-puts-bulls-in-control">16-day win streak thanks</a> to its aggressive AI initiatives, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) struggles <a href="https://in.benzinga.com/economics/macro-economic-events/25/02/43635364/us-stocks-dip-as-powell-stays-cautious-intel-climbs-tesla-sinks-to-11-week-low">with EV headwinds</a>—yet Wedbush analyst Dan Ives remains optimistic about Elon Musk's long-term robotics and AI strategy.
What Happened: On Tuesday, while appearing on a CNBC segment, Ives highlighted Meta's AI-driven monetization strategy.
"It's about monetizing those three and a half billion DAUs," he said, adding that AI innovations "could be an incremental $100 per share" for Meta as the company ramps up its efforts.
Tesla has faced <a href="https://in.benzinga.com/25/02/43591152/tariffs-trade-wars-teslas-dilemma-is-the-ev-boom-hitting-a-roadblock">challenges in the EV sector</a>, he said but Ives believes its future lies beyond just cars. "It's about autonomous. It's about ultimate robotics. That's really the future. That's why we're bullish on Tesla," he stated.
Meta and Tesla stock performance in the last 16 days:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Stock</td>
<td>Jan. 27, 2025 Price</td>
<td>Feb. 11, 2025 Price</td>
<td>Percentage Change</td>
</tr>
<tr>
<td>Meta</td>
<td>$659.88</td>
<td>$719.80</td>
<td>+9.08%</td>
</tr>
<tr>
<td>Tesla</td>
<td>$397.15</td>
<td>$328.50</td>
<td>-17.29%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/tech/25/02/43582884/elon-musks-spacex-and-t-mobile-go-live-with-starlink-powered-satellite-to-cell-service-heres-how-much-it-will-cost">Elon Musk&#8217;s SpaceX And T-Mobile Go Live With Starlink-Powered Satellite-To-Cell Service: Here&#8217;s How Much It Will Cost</a>
Ives also addressed concerns about AI infrastructure spending and the <a href="https://in.benzinga.com/government/regulations/25/01/43401844/taiwan-bans-deepseek-ai-over-security-concerns-joins-global-scrutiny-of-chinese-tech">role of China's</a> DeepSeek. He discussed the impact of the Jevons Paradox on AI infrastructure investment, suggesting that as costs decrease, investment will rise.
However, he said that the software aspect is where significant growth is expected, with companies like Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) poised to benefit.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We believe Meta is in a very strong position to further monetize AI over the coming years as Zuck drives the vision and puts massive cap-ex behind this AI initiative in 2025 <a href="https://twitter.com/CNBCWEX?ref_src=twsrc%5Etfw">@CNBCWEX</a> <a href="https://twitter.com/FrankCNBC?ref_src=twsrc%5Etfw">@FrankCNBC</a> &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f4fa;&#x1f447; <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw">@CNBC</a> <a href="https://t.co/DmU2qc3ag8">https://t.co/DmU2qc3ag8</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1889294401362387207?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Companies like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta, and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) are investing a record <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/02/43564458/big-techs-2025-ai-bill-is-320-billion-and-counting-can-investors-stomach-it">$320 billion in AI infrastructure</a> this year.
This is a significant increase from $246 billion in 2024.
Amazon plans to invest <a href="https://in.benzinga.com/markets/25/02/43550696/amazon-to-pour-nearly-100-billion-into-ai-in-2025-surpassing-microsoft-and-alphabet-andy-jassy-says-cost-of-inference-will-meaningfully-come-down-amid-deepseek-worries">over $100 billion</a>, while Microsoft and Alphabet each aim for $80 billion. Meta follows with more than $60 billion for AI.
Wall Street doubts Big Tech's spending spree. China's DeepSeek also <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/01/43340327/meta-vs-microsoft-can-their-ai-infrastructure-plans-hold-up-against-deepseek">shook the market</a> with a cheap, high-performance AI model. Investors fear falling AI costs could undercut Big Tech's massive bets.
Price Action: Meta&#8217;s stock edged up 0.011% to $719.88 in after-hours trading after closing at $719.80 on Tuesday, gaining 0.33%. Tesla&#8217;s stock dipped 0.53% to $326.75 after hours, following a 6.34% drop to $328.50 at Tuesday's close, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Image via Shutterstock
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

PLTR

Meta's AI Push Could Add $100 Per Share While Tesla Faces EV Headwinds: Top Analyst

U.S. stock markets were mixed on Tuesday as Federal Reserve Chair Jerome Powell indicated <a href="https://in.benzinga.com/economics/macro-economic-events/25/02/43628752/feds-powell-reiterates-no-hurry-to-cut-interest-rates-as-inflation-remains-somewhat-elevated">no immediate plans</a> to reduce interest rates. The S&amp;P 500 ended the day marginally higher by 0.03% at 6,068.50, while the Nasdaq 100 saw a 0.4% decline to 19,643.86. The Dow Jones Industrial Index managed to rise 0.3% for the day and closed at 44,593.65.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
Super Micro Computer shares fell by 9.47%, closing at $38.61. The stock reached an intraday high of $42.39 and a low of $38.42, with a 52-week range between $122.9 and $17.25. The company recently <a href="https://in.benzinga.com/news/earnings/25/02/43641646/super-micro-reports-preliminary-q2-earnings-company-expects-file-delayed-reports-coming-weeks">released preliminary second-quarter earnings</a>, projecting revenue between $5.6 billion and $5.7 billion. Adjusted earnings per share are expected to be between 58 and 60 cents.
Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>)
Upstart Holdings saw a decline of 5.07%, closing at $67.34. The stock&#8217;s intraday high was $70.5, and the low was $66.76, with a 52-week range of $88.94 to $20.6. The company reported <a href="https://in.benzinga.com/25/02/43641265/upstart-q4">strong fourth-quarter earnings</a>, with a profit of 26 cents per share, surpassing expectations of a 4-cent loss. Revenue reached $218.96 million, exceeding the $182.18 million estimate.
Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)
Lyft shares decreased by 4.83%, ending the day at $14.39. The stock&#8217;s high and low were $15.35 and $14.2, respectively, with a 52-week range of $20.82 to $8.93. The company reported <a href="https://in.benzinga.com/news/earnings/25/02/43641962/lyft-q4-earnings-revenue-beat-gross-bookings-up-15-new-buyback-our-biggest-competition-is-inertia">fourth-quarter revenue</a> of $1.6 billion, surpassing analyst expectations of $1.56 billion. Net income reached $61.7 million, a significant improvement from the previous year&#8217;s loss. 
DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>)
DoorDash experienced a slight increase of 0.24%, closing at $193.09. The stock&#8217;s intraday high was $194, and the low was $189.5, with a 52-week range of $199.17 to $99.32. The company reported fourth-quarter earnings of 33 cents per share, <a href="https://in.benzinga.com/general/restaurants/25/02/43641832/doordash-shares-climb-after-solid-q4-results-total-orders-grew-19-gov-increased-21">matching analyst estimates</a>. Revenue came in at $2.87 billion, slightly above the $2.84 billion estimate. 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares dropped by 6.34%, closing at $328.5. The stock&#8217;s intraday high and low were $349.37 and $325.1, respectively, with a 52-week range of $488.54 to $138.8. The decline followed news that competitor BYD Co. plans to <a href="https://in.benzinga.com/news/global/25/02/43636959/tesla-stock-is-tumbling-tuesday-whats-driving-the-action">incorporate self-driving technology</a> in its vehicles. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
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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>

DASH

UPST

Super Micro Computer, Upstart, Lyft, Doordash, Tesla: Why These 5 Stocks Are On Investors' Radars Today

BlackRock has broadened its suite of municipal bond ETFs by transforming its BlackRock High Yield Municipal Fund into an ETF. The newly launched, actively managed iShares High Yield Muni Active ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/HIMU#BATS">HIMU</a>) aims to deliver tax-exempt income at the federal level. The fund carries a net expense ratio of 0.42%, including a waiver on fees. By converting to an <a href="https://www.benzinga.com/etfs">ETF structure</a>, BlackRock seeks to improve efficiency, transparency and accessibility for investors.



The conversion comes at a time when municipal bond ETFs are seeing quite the demand.



Also Read: <a href="https://www.benzinga.com/real-estate/25/02/43620834/will-deepseek-create-deep-cuts-in-mortgage-rates-has-chinese-ai-innovator-disrupted-silicon-valleys-t">Will DeepSeek Create Deep Cuts In Mortgage Rates? Has Chinese AI Innovator Disrupted Silicon Valley&#8217;s Tech Titans, Or Is It Just A Temporary Blip?</a>



"The growth of active ETFs is driving innovation and unlocking new opportunities for investors globally," said&nbsp;Jorge del Valle Papic, Americas Head of Active Investments within Global Product Solutions at BlackRock.&nbsp;"This conversion underscores the strength of our product platform and our dedication to offering access to BlackRock's premier active management capabilities through an investment vehicle that aligns with our clients' evolving needs."



"The current high interest rate environment presents a rare opportunity to generate income, particularly in municipal bonds," stated Pat Haskell, head of the Municipal Bond Group at BlackRock. "HIMU leverages the ETF format to optimize exposure to favorable yield levels and strong credit quality, ultimately striving to generate excess returns for our clients."



HIMU focuses on municipal bonds with maturities of five years or more, providing investors exposure to long-term debt instruments.



High-yield and distressed municipal bonds are often associated with significant risk. However, BlackRock's active management provides flexibility and adaptability that passive funds may lack.



The fund's introduction is in line with a broader trend of increased investor interest in municipal bonds, prompting asset managers to develop new products tailored to this demand.



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BlackRock ETF Trust II iShares High Yield Muni Active ETF

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