Latest news for HKBN (OTC:HKBNF) Stock

HKBN Ltd is a telecommunications company. The company derives revenue from broadband Internet services and voice services to both residential and enterprise customers. The principal activities of the Group are (i) provision of fixed telecommunications network services, international telecommunications services, and mobile services to residential and enterprise customers in Hong Kong, (ii) system integration services, (iii) product sales, and (iv) marketing and distribution of computer hardware and software, telecommunication products, office automation products and the provision of related services. The company has two segments Telecom and technology solutions (Hong Kong) and Telecom and technology solutions (non-Hong Kong) and the majority of its revenue is generated from Hong Kong.

HKBN Ltd

Piper Sandler analyst Clarke Jeffries maintains EverCommerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVCM#NASDAQ">EVCM</a>) with a Neutral and raises the price target from $10 to $11.

News

Price Target

Analyst Ratings

EVCM

Piper Sandler Maintains Neutral on EverCommerce, Raises Price Target to $11

A Jacobs And Mott Macdonald Consortium Has Been Appointed As The Design Development Partner By The West Yorkshire Combined Authority (the Ca) In The Next Phase Of The West Yorkshire Mass Transit Programme

Piper Sandler analyst Brent Bracelin maintains ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) with a Neutral and raises the price target from $10 to $11.

Piper Sandler Maintains Neutral on ZoomInfo Technologies, Raises Price Target to $11

Shares of Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) plunged by 62.73% in after-hours and closed nearly 5.29% lower at $3.22 apiece on Tuesday after the company failed to file its earnings for the quarter ended September 2024. The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could lead to the cancellation of its equity shares.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="244" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-1024x244.png" alt="" class="wp-image-644695" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-1024x244.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-300x71.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-768x183.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-1536x366.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines.png 1738w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
What Happened: The budget airline is in discussion with its noteholders for potential bankruptcy or out-of-court restructuring that has been underway for months. This comes after Spirit&#8217;s effort to merge with Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) and its takeover by JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) fell out.
Also read: <a href="https://www.benzinga.com/24/11/41929722/top-wall-street-forecasters-revamp-tower-semiconductor-price-expectations-ahead-of-q3-earnings">Top Wall Street Forecasters Revamp Tower Semiconductor Price Expectations Ahead Of Q3 Earnings</a>
Why It Matters: As the ultra-discount airline&#8217;s efforts to save itself fail, its equity holders may suffer because of the cancellation of shares. However, the company&#8217;s statement indicates that the plan that it is trying to negotiate would not hamper general unsecured creditors, employees, customers, vendors, suppliers, aircraft lessors, or the holders of its secured debt backed by aircraft.
The bondholders include the owners of about $1 billion, 8% coupon loyalty bonds which are due 2025 and $500 million in unsecured convertible bonds due 2026. This former debt is backed by claims on elements of the company's frequent-flyer program.
Also Read: <a href="https://www.benzinga.com/24/11/41899303/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-in-q4" target="_blank" rel="noreferrer noopener">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In Q4</a>
Price Action: The shares of Spirit Airlines have underperformed the NYSE Composite on a year-to-date basis as it has fallen by 80.31%, whereas the index gave a 17.88% return in the same period. The relative strength index at 40.79 shows that the stock is neither overbought nor oversold.
The consensus estimates of all the 12 analysts tracking the stock as per Nasdaq, is a &#8220;sell&#8221; with an average price target is $2.13 apiece.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/tech/24/11/41895759/amazon-set-to-introduce-new-ai-chips-in-december-to-rival-jensen-huangs-ai-stalwart-we-want-to-be-absolutely-the-best-place-to-run-nvidia">Amazon Set To Introduce New AI Chips In December To Rival Jensen Huang&#8217;s AI Stalwart: &#8216;We Want To Be Absolutely The Best Place To Run Nvidia&#8217;</a></li>
</ul>
Photo via Wikimedia Commons

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SAVE

ULCC

Spirit Airlines Nears Bankruptcy, Creditors May Approve Equity 'Cancellation:' Here's What It Means For Investors As Shares Fall With A Thud

Piper Sandler analyst Clarke Jeffries maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Neutral and raises the price target from $67 to $94.

SHOP

Piper Sandler Maintains Neutral on Shopify, Raises Price Target to $94

Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) announced Monday that Scott Boatwright, who served as interim CEO since August, will permanently lead the fast-casual restaurant chain with a compensation package valued <a href="https://www.benzinga.com/general/restaurants/24/11/41911851/chipotles-new-boss-can-ceo-scott-boatwright-spice-up-cmg">less than half of his predecessor&#8217;s pay</a>.
What Happened: Boatwright, 52, who served as interim CEO since August, will receive a total package valued at approximately $11 million – a significant increase from his previous $6.3 million compensation as chief operating officer but substantially lower than his predecessor&#8217;s earnings, according <a href="https://fortune.com/2024/11/12/chipotles-new-ceo-scott-boatwright-will-make-millions-leading-the-chain-but-only-half-as-much-as-ex-ceo-brian-niccol/">to</a> Fottune&#8217;s valuation. 
The package includes a $1 million base salary, a potential cash bonus of $1.2 million, an $8 million retention grant, and a $3.5 million restricted stock award, plus a $200,000 aircraft allowance.
In contrast, former CEO Brian Niccol&#8216;s 2023 compensation reached $22.5 million before his departure to Starbucks. Niccol&#8217;s new position came with a lucrative $113 million package, including a $10 million sign-on bonus and $75 million in equity grants.
&#8220;We conducted a thorough and rigorous external search process that confirmed Scott is absolutely the best person to lead the next stage of growth at Chipotle,&#8221; board chair Scott Maw said in a statement.
See Also: <a href="https://www.benzinga.com/tech/24/11/41927135/greg-brockman-returns-to-work-at-chatgpts-parent-company-back-to-building-openai">Greg Brockman Returns To Work At ChatGPT&#8217;s Parent Company: &#8216;Back To Building OpenAI&#8217;</a>
Why It Matters: When asked about the compensation details, a Chipotle spokesperson <a href="https://fortune.com/2024/11/12/chipotles-new-ceo-scott-boatwright-will-make-millions-leading-the-chain-but-only-half-as-much-as-ex-ceo-brian-niccol/">told</a> Fortune: &#8220;The bulk of Scott&#8217;s compensation will be received through his equity awards, and the actual value Scott will receive is entirely dependent on achievement of the performance goals for the awards and the stock price at the time of vesting.&#8221;
The appointment comes amid broader leadership changes at Chipotle, including the elevation of Jack Hartung to president of strategy, finance, and supply chain. The company issued retention grants totaling $34.5 million to key executives to ensure stability during the transition, according to Fortune.
Price Action: Chipotle&#8217;s stock has risen nearly 35% year to date, currently trading at $60.49. Under Niccol&#8217;s tenure, the company&#8217;s share price grew 800%, according to <a href="https://www.benzinga.com/pro/">Benziga Pro data</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/41930700/boeing-airbus-and-chinas-comac-compete-as-vietnam-airlines-seeks-bids-for-50-narrowbody-jets-in-2025">Boeing Is Up Against Airbus And China&#8217;s COMAC As Vietnam Airlines Seeks Bids For 50 Planes In 2025</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Chipotle's New CEO Scott Boatwright Will Make Millions, But It Will Still Be Half Of Ex-CEO Brian Niccol's Pay

Following weeks of relentless promotion, the Department of Government Efficiency (DOGE) is <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-feder">set to become a reality</a>, potentially sending the price of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) to unprecedented levels.
What happened: On Tuesday, President-elect Donald Trump appointed Elon Musk, the conceiver of the idea, and entrepreneur-turned-politician Vivek Ramaswamy to oversee the department, which aims to streamline federal bureaucracy and eliminate &#8220;excess&#8221; laws.
The duo immediately acknowledged the appointment and began divulging details about the incoming department.
Musk announced that all DOGE&#8217;s actions could be tracked online for "maximum" transparency.
"Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know," the tech mogul added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">All actions of the Department of Government Efficiency will be posted online for maximum transparency. Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know! We will also have a leaderboard for most insanely dumb… <a href="https://t.co/1c0bAlxmY0">https://t.co/1c0bAlxmY0</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1856520760656797801?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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Ramaswamy stated that DOGE would begin crowdsourcing examples of government waste and fraud, aiming to make the average American a partner in bringing about the desired reforms.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">DOGE will soon begin crowdsourcing examples of government waste, fraud, &amp; and abuse. Americans voted for drastic government reform &amp; they deserve to be part of fixing it. <a href="https://t.co/iRXmgT6ZuQ">https://t.co/iRXmgT6ZuQ</a>
&mdash; Vivek Ramaswamy (@VivekGRamaswamy) <a href="https://twitter.com/VivekGRamaswamy/status/1856538974384255206?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Effect on DOGE: As counter-intuitive as it may sound, the meme cryptocurrency DOGE tumbled 8.30% in the last 24 hours, dipping below 40 cents.
Investors seem to be profiting from the gains made in the weeklong rally that pushed the coin to as high as 43 cents, which is a gain of nearly 94% in this period.
DOGE's Relative Strength Index (RSI) was in the overbought zone as of this writing, as <a href="https://in.tradingview.com/symbols/DOGEUSD/technicals/">tracked </a>by TradingView, indicating the possibility of a correction.
The number of short positions taken for the meme coin rose vis à vis longs, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass, lending credence to the above observation.
Having said that, more DOGE was withdrawn from exchanges than deposited in the last 24 hours, <a href="https://app.intotheblock.com/">according </a>to IntoTheBlock, indicating that the HODLing sentiment was still strong.
Price Action: At the time of writing, DOGE was exchanging hands at $0.3831 down 8.30% 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..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/41928272/cathie-woods-ark-invest-foresees-crypto-industry-boost-under-incoming-trump-administration">Cathie Wood-Led Ark Sees Boost For Bitcoin, Crypto Under Trump Administration, Says IPO Window For Circle, Kraken Could Reopen</a></li>
</ul>
Photo courtesy: Flickr

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

Cryptocurrency

$DOGE

Dogecoin Tumbles Despite Elon Musk, Vivek Ramaswamy's 'DOGE' Appointment: This Is What Indicators Tell About Its Next Moves

Alphabet Inc&#8216;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>) Waymo said on Tuesday that it has opened <a href="https://www.benzinga.com/topic/autonomous-vehicles">autonomous rides</a> to everyone in Los Angeles.
What Happened: Waymo commenced commercial operations in Los Angeles earlier this year. However, rides then were limited to the nearly 300,000 riders who signed up to join the company&#8217;s waitlist. The company was adding new riders to the service incrementally.&nbsp;However, it has now scrapped the waitlist altogether.
&#8220;La La Land is now our third city open to all riders, with waitlists removed and more cities on the way,&#8221; the company&#8217;s Chief Product Officer Saswat Panigrahi said in a post on X. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Fully autonomous <a href="https://twitter.com/Waymo?ref_src=twsrc%5Etfw">@Waymo</a> rides are now available to anyone in Los Angeles – one of the top 5 ride-hailing markets in the US! La La Land is now our third city open to all riders, with waitlists removed and more cities on the way.<a href="https://t.co/VX3vmwVkkx">https://t.co/VX3vmwVkkx</a>
&mdash; Saswat Panigrahi (@saswat101) <a href="https://twitter.com/saswat101/status/1856366782703120513?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote>
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Riders in Los Angeles can now download the Waymo One app and avail a ride around nearly 80 square miles of LA County.
&#8220;We intend to grow our service area to cover more of the city in the future,&#8221; Waymo said in a statement.
Why It Matters: Los Angeles has now joined <a href="https://www.benzinga.com/news/24/06/39494723/waymo-autonomous-rides-now-available-to-everyone-in-san-francisco-heres-how-you-can-enjoy-driverless">San Francisco</a> and Phoenix as the cities where Waymo One rides are available to everyone.
Waymo currently operates a fleet of all-electric vehicles that have been customized to enable autonomous driving in these cities. The company is delivering over 150,000 paid rides every week to the public, it said in October.
Late last month, Waymo&nbsp;closed an oversubscribed <a href="https://www.benzinga.com/news/24/10/41567166/waymo-closes-5-6b-investment-round-to-expand-robotaxi-operations">investment round of $5.6 billion</a> led by its parent&nbsp;Alphabet&nbsp;to expand its robotaxi service.
<a href="https://www.benzinga.com/news/24/09/40792410/us-autonomous-vehicle-sales-to-hit-230k-by-2034-after-progress-resumes-at-alphabets-waymo-gms-cruise" target="_blank" rel="noreferrer noopener">Waymo is currently the frontrunner&nbsp;</a>in the field of autonomous vehicles in the U.S.&nbsp;While General Motors' Cruise was at par with Waymo until last year, it suspended all of its operations in the U.S. late last year following the involvement of one of its robotaxis in an&nbsp;<a href="https://www.benzinga.com/news/23/10/35052444/self-driving-cruise-car-accident-leaves-pedestrian-trapped-and-injured-in-san-francisco" target="_blank" rel="noreferrer noopener">accident in San Francisco</a>, leading to heightened regulatory scrutiny and the&nbsp;<a href="https://www.benzinga.com/news/24/05/38606510/us-is-currently-sc-ed-ex-cruise-ceo-calls-for-manufacturing-makeover-to-win-over-chinese-auto-rivals" target="_blank" rel="noreferrer noopener">exit of its co-founder&nbsp;</a>and then CEO&nbsp;Kyle Vogt.
Amazon.com&#8217;s Zoox, meanwhile, is testing its <a href="https://www.benzinga.com/24/05/38785340/nhtsa-opens-probe-into-amazons-500-zoox-vehicles-over-sudden-braking-concerns" target="_blank" rel="noreferrer noopener">custom-built robotaxi with no pedals or steering wheel&nbsp;</a>in San Francisco by giving rides to company employees. 
Check out more of Benzinga'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/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher" target="_blank" rel="noreferrer noopener">Tesla Q4 Deliveries Expected To Set New Records But Not Enough To Avoid Yearly Sales Decline, Says Researcher</a></li>
</ul>
Photo courtesy: Waymo

Tech

GOOG

GOOGL

Alphabet's Waymo Opens Robotaxi Rides For All In Los Angeles After San Francisco, Says 'More Cities On The Way'

Financial analyst Yiannis Zourmpanos has predicted that Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) could witness a significant stock rally, potentially reaching $204, following its third-quarter performance. 
What Happened: Jensen Huang&#8216;s company has forecasted third-quarter revenue of approximately $32.5 billion, driven by strong demand for its Hopper and Blackwell GPUs. These GPUs are expected to bolster Nvidia&#8217;s data center segment, which boasts a robust 68% operating margin. The Blackwell units, priced between $30,000 and $40,000, are in high demand, with production ramping up in the fourth quarter of 2024.
Nvidia&#8217;s upcoming earnings report on Nov. 20 is a crucial factor in maintaining its growth momentum.
Zourmpanos highlights that Nvidia&#8217;s growth is fueled by the increasing adoption of AI and data-intensive applications, reinforcing its leadership in the industry, Seeking Alpha <a href="https://seekingalpha.com/article/4736453-nvidia-q3-earnings-could-ignite-200-rally">reported</a> on Wednesday. However, Nvidia faces potential risks from supply chain disruptions, particularly due to its reliance on Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) for AI server components.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41927985/bitcoin-ethereum-consolidate-dogecoin-surges-as-election-rally-takes-a-breather-analyst-says-pullback-typical-for-healthy-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Consolidate, Dogecoin Surges As Election Rally Takes A Breather: Analyst Says Pullback &#8216;Typical&#8217; For Healthy Market</a>
Despite these challenges, Nvidia&#8217;s technical indicators and historical data suggest a bullish trend, with a 77% chance of positive returns in November. The company&#8217;s strategic investments and revenue growth position it for potential long-term value appreciation.
Why It Matters: As Nvidia prepares to release its third-quarter results, analysts are closely watching the company&#8217;s performance. Morgan Stanley analyst Joseph Moore <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41883803/nvidias-blackwell-chip-revenue-could-hit-6-billion-next-quarter-analyst">anticipates a strong quarter</a>, aligning with the Street consensus of 74 cents per share earnings on $32.937 billion in revenue. Despite being supply-constrained, Nvidia is expected to generate significant revenue from its Blackwell chips, potentially between $5 billion and $6 billion in the upcoming quarter.
Furthermore, analysts predict a potential <a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/41916373/nvidia-to-rally-around-14-here-are-10-top-analyst-forecasts-for-tuesday">14% rally for Nvidia</a>, highlighting the company&#8217;s strong market position and growth prospects. This optimism is driven by Nvidia&#8217;s strategic focus on AI and data-intensive applications, which continue to drive demand for its advanced GPUs.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Appoints Elon Musk And Vivek Ramaswamy To Lead &#8216;DOGE,&#8217; Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: &#8216;We Will Not Go Gently&#8217;</a></li>
</ul>
Disclaimer: 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.
Image via Unsplash

Analyst Color

NVDA

SMCI

Nvidia Set For Major Surge To $204? Analyst Predicts Post-Q3 Boost Driven By Blackwell GPU Demand, Strong Margins

Reported Earlier, Walker & Dunlop Secures $113M Financing For Bay Area's Franklin 299 Multifamily Acquisition

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Bakkt Holdings, Inc. Class A Common Stock

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PCYO

Earnings Scheduled For November 13, 2024

<ul>
<li>LTIMindtree will leverage Cisco Secure Access as its new security service edge (SSE) solution to protect its 80,000 hybrid workers with secure internet access, advanced zero trust network access and embedded AI.</li>
<li>Extending its networking partnership with Cisco, LTIMindtree now offers next-generation SSE to its global clients via Cisco Secure Access.</li>
<li>Clients can work jointly with both companies to adopt a broad set of cloud security functions in a single, easy-to-use dashboard with Cisco Secure Access.</li>
</ul>

Reported Earlier, Cisco And LTIMindtree Expand Collaboration To Launch AI-Driven Secure Access For Global Clients

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

SIDU

Reported Earlier, Sidus Space Prices $7M Public Offering Of 5.6M Common Shares At $1.25 Each

The expected net proceeds of the offering after expenses are approximately $93.4 million, which are intended to be used for working capital, capital expenditures and other general corporate purposes including acquisitions.
Closing of the offering is expected to occur on November 14, 2024, subject to customary closing conditions. In addition, Grid Dynamics granted the underwriters a 30-day option to purchase up to 862,500 additional shares of its common stock.

GDYN

Reported Earlier, Grid Dynamics Prices $93.4M Public Offering Of 5.75M Common Shares At $17.25/Share

Apple Inc.'s 2024 Mac Mini features powerful M4 and M4 Pro chips in an even smaller, lighter design, <a href="https://www.benzinga.com/news/24/10/41607481/apples-refreshes-mac-mini-smaller-form-factor-m4-chip-power-and-carbon-neutral">starting at $599</a>.
However, while it's Apple's most affordable and capable Mac Mini yet, one quirky design choice is making waves: the power button is on the bottom of the device.
Why Put The Power Button On The Bottom?
Apple's John Ternus and Greg Joswiak explained that the ultra-compact design necessitated placing the power button on the bottom.
They argued that most users won't miss a conveniently placed power button since they can use macOS's shutdown menu.
However, this doesn't sit well with those who take their Mac Mini on the go and need easy access to the button.
See Also: <a href="https://www.benzinga.com/news/24/11/41706934/how-to-master-ios-18s-control-center-tips-to-reset-and-customize-your-iphones-quick-access-hub">How To Master iOS 18&#8217;s Control Center: Tips To Reset And Customize Your iPhone&#8217;s Quick Access Hub</a>
Workarounds: From 3D Printed Levers To Simple Flips
Some creative users have already found clever fixes. One popular solution involves 3D-printed lever extensions, which allow users to press the power button without lifting the device. Here are a few simple fixes.
See-Saw Lever by Ivan Kuleshov: Shared on X, formerly Twitter, this lever functions like a see-saw—press down on one side to raise the other and engage the button.
<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">Apple is Apple. The power button for the new Mac mini is on its bottom. I&#39;ve come up with a solution for turning the Mac mini 2024 on or off without taking it off the table. Meet iFixTheButton More images, another solution, and download (.stl and .stp) links below in the… <a href="https://t.co/B6PFiQsEWx">pic.twitter.com/B6PFiQsEWx</a>
&mdash; Ivan Kuleshov (@Merocle) <a href="https://twitter.com/Merocle/status/1851583370511196439?ref_src=twsrc%5Etfw">October 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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.
C-Shaped Lever: Another X user who goes by the handle name @shapoco designed a C-shaped lever that slips over the Mini, enabling top access to the button.
<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://t.co/AKXlBSn3yJ">pic.twitter.com/AKXlBSn3yJ</a>
&mdash; シャポコ&#x1f335; (@shapoco) <a href="https://twitter.com/shapoco/status/1851863974427660563?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
No 3D Printer? Just Flip It Upside Down
If you're without a 3D printer, try flipping the Mac Mini upside down. This positions the power button on top for easy access— place it on a soft surface to avoid scratching.
Or Skip The Button Altogether
Another option: leave your Mac Mini in sleep mode. This way, you rarely need to reach for the power button, as it consumes minimal extra energy.
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: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Apple

Apple's 2024 Mac Mini Is A Compact Powerhouse, But Its Power Button Placement Is Not The Most Accessible: Here Are Some Workable Fixes

President-elect Donald Trump, on Tuesday, greenlit the <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">formation of the Department of Government Efficiency </a>or DOGE, the acronym which almost sounds like a parody of the cryptocurrency known as Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>). As the department promises to restructure federal agencies and reduce government spending, it is still unclear if the committee would come under the Federal Advisory Committee Act, which dictates how external groups that advise the government must operate and be accountable to the public.
Such external advisory committees have played an important role in shaping federal programs and policies in the past; former presidents Ronald Reagan and Bill Clinton established similar task forces. However, it is still ambiguous how President-elect Trump, along with unconventional businessman Elon Musk and former presidential candidate Vivek Ramaswamy, will structure and lead this committee.
Also read: <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">Trump Appoints Elon Musk And Vivek Ramaswamy To Lead &#8216;DOGE,&#8217; Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: &#8216;We Will Not Go Gently&#8217;</a>
What Happened: The <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">initiative</a> will focus on dismantling bureaucracy, reducing regulations, and cutting wasteful expenditures, as per the notice shared by Trump. The department is scheduled to complete its work by Jul. 4, 2026, coinciding with America's 250th independence anniversary.
<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">BREAKING: President-Elect Donald Trump announces Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (D.O.G.E.) <a href="https://t.co/zYtr6qZjeJ">pic.twitter.com/zYtr6qZjeJ</a>
&mdash; America (@america) <a href="https://twitter.com/america/status/1856497932352082184?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk, who shared the announcement on X (formerly Twitter), stated the changes would "send shockwaves through the system." Ramaswamy, responding to the announcement on X, posted "We will not go gently," while sharing Trump's statement.
<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 will not go gently, <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a>. &#x1f1fa;&#x1f1f8; <a href="https://t.co/sbVka2vTiW">https://t.co/sbVka2vTiW</a>
&mdash; Vivek Ramaswamy (@VivekGRamaswamy) <a href="https://twitter.com/VivekGRamaswamy/status/1856497493560746377?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The department's primary objectives include restructuring federal agencies, reducing government regulations, cutting wasteful spending, creating accountability measures, and implementing structural reforms. The administration states that this effort will make the U.S. government more accountable to citizens while promoting economic growth through reduced bureaucracy.
Also read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41917731/wall-street-veteran-predicts-sp-500-to-hit-10000-by-2029-roaring-2020s" target="_blank" rel="noreferrer noopener">Wall Street Veteran Predicts S&amp;P 500 To Hit 10,000 By 2029: ‘Roaring 2020s'</a>
Why It Matters: The Federal Advisory Committee Act mandates <a href="https://www.gsa.gov/policy-regulations/policy/federal-advisory-committee-management/advice-and-guidance/the-federal-advisory-committee-act-brochure">specific guidelines</a> for external groups offering advice to the government, ensuring transparency and public oversight.
Federal employees are typically obligated to disclose their roles, obligations, duties, allowable expenses, compensation limitations, and any ethics requirements with their committee's Designated Federal Officer and/or Committee Management Officer, as appropriate. However, as Musk and Ramaswamy would not hold official federal positions, they may not be bound by these disclosure and divestment requirements.
According to <a href="https://www.nytimes.com/2024/10/20/us/politics/elon-musk-federal-agencies-contracts.html">The New York Times</a>, Musk&#8217;s businesses, including SpaceX and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), were scheduled to receive approximately $3 billion in federal contracts from 17 agencies in 2023. Furthermore, his companies have been the subject of at least 20 federal investigations or reviews. These factors have led to concerns about potential conflicts of interest arising from a Musk-led federal commission.
According to Wednush&#8217;s Dan Ives, &#8220;Since this is not an official Cabinet or US government position and it's essentially newly created, there will be NO changes to Musk&#8217;s CEO roles with Tesla and SpaceX importantly from the Street&#8217;s perspective.&#8221;
Also read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41893461/dogecoins-golden-cross-sparks-hype-after-meme-coin-doubles-over-last-week-previous-cycle-saw-a-7000-rally-could-history-repeat">Dogecoin&#8217;s Golden Cross Sparks Hype After Meme Coin Doubles Over Last Week: Previous Cycle Saw A 7,000% Rally, Could History Repeat?</a>
Congress&#8217; Role
As per FACA, the U.S. Congress seeks to ensure that advisory committees:
<ul>
<li>Provide advice that is relevant, objective, and open to the public.</li>
<li>Act promptly to complete their work.</li>
<li>Comply with reasonable cost controls and record-keeping requirements.</li>
</ul>
Also read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41883803/nvidias-blackwell-chip-revenue-could-hit-6-billion-next-quarter-analyst">Nvidia&#8217;s Blackwell Chip Revenue Could Hit $6 Billion Next Quarter: Analyst</a>
Appointing Committee Members
The U.S. General Services Administration rules state that federal advisory committee members are drawn from nearly every occupational and industry group and geographical section of the United States and its territories. The FACA requires that committee memberships be "fairly balanced in terms of the points of view represented and the functions to be performed."
Selection of committee members is made based on the FACA's requirements and the potential member's background and qualifications. However, the final selection is made by the president or heads of departments or agencies.
Read next: <a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump's Potential ‘Health Czar' Robert F. Kennedy Jr. Rattles Vaccine Stocks: ‘Shoot First Reaction'</a>
Image via Flickr

Government

Regulations

TSLA

Trump Forms DOGE With Elon Musk And Vivek Ramaswamy At The Helm: Will It Impact Tesla CEO's Role At The EV Giant And SpaceX?

Reported Earlier, V2X Prices Secondary Offering At $61 Per Share, No Proceeds To Company

Reported Earlier, V2X Prices Secondary Offering At $61/Share, No Proceeds To Company

The gross proceeds of the offering to 89bio, before deducting the underwriting discounts and commissions and other offering expenses payable by 89bio, are expected to be approximately $125.0 million. The offering is expected to close on or about November 14, 2024, subject to the satisfaction of customary closing conditions

ETNB

Reported Earlier, 89bio Prices Upsized $125M Public Offering Of 11,455,882 Common Stock At $8.50/Share And Pre-Funded Warrants

Davis Commodities H1 EPS $0.05 Down From $0.08 YoY, Sales $66.88M Down From $97.76M YoY

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has announced a new feature for its Find My app that allows users to share the location of lost items with third parties, including airlines.
What Happened: The new feature, called Share Item Location, is part of the iOS 18.2 public beta and will soon be available to all users as a free software update for iPhone Xs and later. 
Users can generate a secure link in the Find My app on their iPhone, iPad, or Mac to share the location of an AirTag or Find My network accessory with others.
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Once the item is found, the shared location will be disabled. The owner can also stop sharing this data at any time, ensuring control over privacy. The link will also automatically expire after seven days.
This new AirTag feature will soon be accepted by over 15 airlines, including United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), and British Airways, as part of their customer service process for locating mishandled or delayed bags.
See Also: <a href="https://www.benzinga.com/24/11/41930900/marques-brownlee-apologises-for-overspeeding-in-recent-dji-sponsored-video-cuts-off-snippet-of-driving-a-lamborghini-at-96-mph-in-35-mph-zone">Marques &#8216;MKBHD&#8217; Brownlee Apologizes For Overspeeding In Recent Video, Cuts Off Snippet Of Driving A Lamborghini At 96 MPH In 35 MPH Zone</a>
Why It Matters: In 2023, a <a href="https://www.benzinga.com/news/23/10/35237271/apple-airtags-are-stalkers-weapon-of-choice-dozens-of-victims-allege-in-a-new-class-action-lawsuit">class-action lawsuit</a> was filed by dozens of victims alleging that AirTags were being used as a &#8220;weapon of choice&#8221; by stalkers. The lawsuit claimed that Apple was aware of the risks associated with its AirTags and could be held legally responsible for their misuse.
In January, the company was <a href="https://www.benzinga.com/news/24/01/36527121/apples-next-gen-airtag-launch-said-to-be-delayed-because-theres-simply-a-lot-of-unsold-original-ones">reportedly forced to delay</a> the release of its second-generation AirTag to 2025 due to an overstock of the first-generation product. The company&#8217;s existing AirTags were still performing effectively, and Apple faced minimal competition in the &#8220;Find My&#8221; network.
Apple has been working on solutions to address the misuse of AirTags. In 2023, the company <a href="https://www.benzinga.com/news/23/05/32184898/airtag-stalking-solutions-apple-and-google-submit-proposal-to-keep-users-safe">submitted a proposal</a> in partnership with Alphabet Inc.&#8217;s Google to combat unwanted tracking via Bluetooth location-tracking devices like AirTag.
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/tech/24/11/41929739/tesla-makes-1000-powerwalls-at-giga-nevada-in-a-day-as-energy-storage-segment-booms">Tesla Makes 1000 Powerwalls At Giga Nevada In A Day As Energy Storage Segment Booms</a></li>
</ul>
Photo courtesy: Unsplash
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" target="_blank" rel="noreferrer noopener"></a>

AAPL

Apple's AirTag Users Can Now Share Location With Airlines For Faster Recovery Of Lost Luggage

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