Latest news for Helio (OTC:HLEO) Stock

WEB3 Corp is a Technology company focused on leveraging the power of the NEXTtech era. Its Objective is to empower entrepreneurs and businesses, big and small, to navigate this dynamic technological landscape with unprecedented success. The Company provides strategic guidance, technological expertise, and dynamic solutions to empower businesses of all sizes. It also provides services such as Business Incubation, Product Development, Market Research and Brand Development.

Helio Corp

In this new role, he will add Personal Lines to his current position overseeing Small Commercial, Middle &amp; Large Commercial and Global Specialty, as well as Enterprise Sales &amp; Distribution and Risk Services. This will align all of the company's property-and-casualty businesses under his leadership.&nbsp;
In addition, Tooker will also be responsible for stewarding a number of enterprise-wide initiatives. The change is effective Feb. 1, 2025, and Tooker will continue to report to The Hartford's Chairman and CEO Christopher Swift.

News

Management

Hartford Appoints Morris Tooker As Company President

Samsung Electronics Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) is set to introduce a subscription model for its Galaxy smartphones. This move comes after Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) paused its own subscription service plans last month.
What Happened:The subscription service, known as the AI Subscription Club, was initially launched in December for select Samsung home appliances in South Korea. Samsung&#8217;s vice chair, Han Jong-hee, confirmed the expansion to Galaxy phones and the Ballie AI robot. The service will be available in Korea and the U.S., with Ballie being introduced first in these regions, The Verge and ETNews <a href="https://www.theverge.com/2025/1/8/24338974/samsung-galaxy-subscription-smartphones-ballie">reported </a>on Wednesday.
Samsung&#8217;s subscription model allows consumers to pay a monthly fee for AI-powered devices, offering optional repair and maintenance services. This approach aims to reduce upfront costs for users. The company plans to unveil more details during the Galaxy Unpacked event in San Jose, California, on Jan. 22.
Meanwhile, Apple was developing a similar subscription service for iPhones, intending to offer new phones annually for a monthly fee. However, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-18/apple-halts-long-running-effort-to-build-iphone-hardware-subscription-service">reported</a> that the project was halted last month due to regulatory concerns and internal challenges. 
Why It Matters: The concept of hardware subscriptions has been gaining traction as a potential revenue booster for tech companies. According to a 2022 report, Apple was <a href="https://www.benzinga.com/news/22/04/26439897/heres-how-the-economics-of-hardware-subscription-can-boost-revenue-for-apple">exploring this model</a> to increase its revenue streams, as only the most dedicated Apple fans tend to upgrade their iPhones annually. Most users typically upgrade every three years, a frequency that has decreased over the past decade.
Samsung&#8217;s upcoming <a href="https://www.benzinga.com/25/01/42836040/samsung-unpacked-2025-date-time-livestream-details-and-galaxy-s25-pre-order-offers-everything-you-need-to-know">Galaxy Unpacked event</a>, scheduled for Jan. 22, 2025, in San Jose, will likely provide further insights into their subscription plans. The event will showcase the new Galaxy S25 series and advancements in Galaxy AI, potentially setting the stage for Samsung&#8217;s expanded subscription service.
Read Also: 
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<li><a href="https://www.benzinga.com/tech/25/01/42808821/samsung-ces-2025-press-conference-from-cutting-edge-ai-to-transparent-screens-heres-what-to-expect">Samsung CES 2025 Press Conference: From Cutting-Edge AI To Transparent Screens, Here&#8217;s What To Expect</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.
Image via Shutterstock

Tech

General

AAPL

SSNLF

After Apple Halts 'Hardware' Subscription Plans, Samsung Unveils Similar Strategy For AI-Powered Galaxy Smartphones

Net sales for the 5-week fiscal month ended January 4, 2025 decreased 0.8% to $202.1 million from net sales of $203.8 million for the prior year 5-week fiscal month ended December 30, 2023.
Comparable store net sales year-to-date for the 48-week period ended January 4, 2025 decreased 3.0 percent from comparable store net sales for the 48-week period ended January 6, 2024.
Net sales for the 48-week fiscal period ended January 4, 2025 decreased 2.6 percent to $1.158 billion compared to net sales of $1.189 billion for the prior year 48-week fiscal period ended December 30, 2023.
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Buckle December 2024 Comparable Store Net Sales Increase 4.6%

This represents approximately 10% of the public float of Brookfield Asset Management's outstanding Class A Shares.&nbsp;
The period of the normal course issuer bid will extend from January 13, 2025 to January 12, 2026, or an earlier date should Brookfield Asset Management complete its purchases

Buybacks

Brookfield Asset Management Reveals Renewal Of Normal Course Issuer Bid To Purchase Up To 37.12M Class A Limited Voting Shares

UBS analyst Joshua Chan maintains UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) with a Neutral and raises the price target from $190 to $235.

Price Target

Analyst Ratings

UBS Maintains Neutral on UniFirst, Raises Price Target to $235

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) directors including Chair Robyn Denholm have reportedly gotten court approval for a settlement to resolve allegations that they overpaid themselves.
What Happened: As per the terms of the settlement, Tesla board members will return roughly $277 million in cash and $459 million in stock options to the carmaker. They will also forgo stock options for the 2021-2023 period worth $184 million, Reuters reported. 
The settlement, however, did not specify how much each of the directors has to return. 
The judge overseeing the case, Kathaleen McCormick, approved the settlement in a telephonic hearing on Wednesday, Reuters said while adding that the directors did not admit wrongdoing. 
The judge also awarded $176 million in fees and costs to the three law firms that brought the case, overruling Tesla&#8217;s request to cap the fee at $64 million. 
Why It Matters: The settlement approved by the court resolves the lawsuit brought forth by the Police and Fire Retirement System of the City of Detroit&nbsp;in 2020. The lawsuit alleged that the compensation awarded to Tesla directors from 2017 to 2020 was excessive. 
Tesla CEO Elon Musk did not get paid for his role as a board member. 
However, a minor shareholder filed a separate lawsuit in 2018 challenging his $56 billion CEO pay package and McCormick ruled in January 2024 that it would be voided, citing Musk&#8217;s influence on the board when they adopted the pay plan. 
Tesla shareholders subsequently voted again&nbsp;<a href="https://www.benzinga.com/news/24/06/39323339/tesla-shareholders-approve-elon-musk-56b-pay-package-other-company-proposals" target="_blank" rel="noreferrer noopener">to reinstate the package</a>&nbsp;in June. However, McCormick again ruled against the package in December.
Tesla said in a post on X in December that the company deems the ruling to be wrong and intends to <a href="https://www.benzinga.com/25/01/42802287/cathie-woods-ark-investment-appeal-decision-to-void-tesla-ceos-pay-package-musk-says-awesome">appeal to the Delaware Supreme Court</a>.
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:
<ul>
<li><a href="https://www.benzinga.com/25/01/42891397/non-foundation-series-cheaper-cybertrucks-join-tesla-inventory" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Inventory Now Includes Non-Foundation Series Cybertrucks</a></li>
</ul>
Photo courtesy: Shutterstock

TSLA

Tesla Directors Receives Court Approval For Settlement In Excess Pay Case

On Wednesday, Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) disclosed new updates for its FX brand, including <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42889787/faraday-future-announces-fxs-first-class-ai-mpv-product-strategy-and-planned-product-fx-super-one-" rel="noreferrer noopener">an all-new logo and product details</a>.
Faraday Future unveiled camouflaged FX prototype mules in Las Vegas, outlining its product development and U.S. regulatory testing phases.
The initial FX lineup includes the Super One AI-MPV, FX 5, with an expected price range of&nbsp;$20,000 &#8211; $30,000, and FX 6, with an expected price range of&nbsp;$30,000 &#8211; $50,000. These models offer both range-extended and battery-electric AIEV powertrains, and production is expected to begin by late 2025.
The company teased the FX 6 prototype mule, with more details coming in March 2025, and plans to launch the FX Super One in the second quarter of 2025.
Faraday also introduced the new FX logo, which represents its mass-market focus and distinguishes it from the premium FF brand.
Xiao (Max) Ma, Global CEO of Faraday X said, &#8220;We also expect to make tangible progress on FX product development, testing and validation, supply chain enhancement and manufacturing preparedness towards securing the first FX vehicle pre-production model off the line by the end of this year.&#8221;
In November, the company announced the launch of a development phase after its first FX prototypes&nbsp;<a target="_blank" href="https://www.benzinga.com/news/global/24/11/42092678/whats-going-on-with-faraday-future-intelligent-electric-stock" rel="noreferrer noopener">arrived at its headquarters</a>.
Price Action: FFIE shares closed lower by 3.26% at $2.08 on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42761107/us-stocks-to-open-higher-in-the-first-trading-session-of-2025-analyst-says-history-favors-rebound-after-year-end-dip" target="_blank" rel="noreferrer noopener">US Stocks To Open Higher In The First Trading Session Of 2025: Analyst Says History Favors Rebound After Year-End Dip</a></li>
</ul>
Photo via Shutterstock.

Equities

Small Cap

FFIE

Faraday Future's FX 6 To Target $30K-$50K Price Range With AI-Driven EV Tech: Details

Barclays analyst Tim Long downgrades Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) from Overweight to Equal-Weight and lowers the price target from $17 to $14.

Downgrades

HLIT

Barclays Downgrades Harmonic to Equal-Weight, Lowers Price Target to $14

Health Care

Contracts

Teleflex Has Been Awarded A Contract By Vizient Covering The Supply Of Teleflex's Central Venous Access Catheters And Arterial Catheters

Dividends

APOG

Apogee Enterprises Has Increased Its Quarterly Cash Dividend By 4% To $0.26 Per Share, Payable On February 12, 2025, To Shareholders Of Record At The Close Of Business On January 28, 2025

Barclays analyst Matt Miksic maintains InMode (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMD#NASDAQ">INMD</a>) with a Overweight and lowers the price target from $27 to $26.

INMD

Barclays Maintains Overweight on InMode, Lowers Price Target to $26

Former President Jimmy Carter's <a href="https://www.benzinga.com/24/12/42716729/jimmy-carter-to-receive-state-funeral-trump-calls-him-truly-a-good-man-biden-mourns-loss-of-extraordinary-leader">state funeral service</a> will be held today and his remains will be transported to the Washington National Cathedral after lying in state at the Capitol this week. Following the service, Carter will be laid to rest in a private ceremony in Plains, Georgia, his hometown.
What Happened: Jimmy Carter, the 39th President of the United States <a href="https://www.benzinga.com/movers-shakers/24/12/42716329/jimmy-carter-the-39th-us-president-who-championed-human-rights-and-peace-in-the-middle-east-had-died">passed away</a> at the age of 100 on December 29. President Joe Biden had declared Thursday, Jan. 9 a national day of mourning, leading to the <a href="https://www.benzinga.com/markets/25/01/42865275/jimmy-carters-funeral-markets-and-post-offices-closed-banks-stay-open-on-jan-9">closure of all federal government offices.</a>
How To Watch: The funeral services will be live-streamed across both network and cable television. The funeral services will begin at 10 a.m. ET.
The memorial will also be live-streamed on YouTube by PBS and others.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="WATCH LIVE: Funeral service for Jimmy Carter held at Washington National Cathedral &#x7C; Direct Feed" width="500" height="281" src="https://www.youtube.com/embed/h4Hpfn20Ll0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
The passing of Carter marks the end of an era for a leader who was not only the 39th President of the United States but also a Nobel Peace Prize laureate. Carter, who was born on Oct. 1, 1924, in Plains, Georgia, had a diverse career before entering politics, including roles as a peanut farmer and a U.S. Navy lieutenant. He became the governor of Georgia in 1970 and was elected president in 1976.
His legacy is remembered for championing human rights and peace, particularly in the Middle East. Following his death,&nbsp;President Joe Biden&nbsp;and President-elect Donald Trump expressed their condolences. Biden referred to Carter as an &#8220;extraordinary leader,&#8221; while Trump described him as &#8220;truly a good man.&#8221;
In September, Carter had turned 100 and received a message from Biden in which the sitting president said, "I admire you so darn much."
Read Next:
<ul>
<li><a style="font-weight: bold;" href="https://www.benzinga.com/24/12/42716729/jimmy-carter-to-receive-state-funeral-trump-calls-him-truly-a-good-man-biden-mourns-loss-of-extraordinary-leader">Jimmy Carter To Receive State Funeral: Trump Calls Him &#8216;Truly A Good Man,&#8217; Biden Mourns Loss Of &#8216;Extraordinary Leader&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

Here's How To Watch Former President Jimmy Carter's State Funeral Online

Aspida is a life insurance and annuity company based in Durham, N.C. and supported by the Ares Insurance Solutions business as its dedicated investment management, capital solutions and corporate development partner.
In addition, Aspida recently closed an oversubscribed offering of $700 million in credit facilities bringing total capital raised to more than $3 billion.

ARES

Ares Management Says Raised Over $2.3B Of Equity Commitments To Support Long-Term Growth Of Aspida Holdings

JP Morgan analyst Jamie Baker maintains United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) with a Overweight and raises the price target from $108 to $133.

JP Morgan Maintains Overweight on United Airlines Holdings, Raises Price Target to $133

JP Morgan analyst Eric Joseph maintains Vir Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIR#NASDAQ">VIR</a>) with a Neutral and raises the price target from $10 to $14.

JP Morgan Maintains Neutral on Vir Biotechnology, Raises Price Target to $14

European aerospace companies are bracing for &#8220;very strong&#8221; protectionism in the United States as Donald Trump prepares to take office. Guillaume Faury, CEO of Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>), voiced his concerns about the potential impact on the industry.
What Happened: Faury, who also leads France&#8217;s GIFAS aerospace association, noted that supply chains are still recovering from the pandemic&#8217;s disruptions, Reuters reported on Thursday. While the European aerospace sector is witnessing robust demand for commercial aircraft and increased defense spending, it faces challenges like overcapacity and job reductions in the satellite industry.
As Trump&#8217;s inauguration approaches, the industry anticipates a significant shift toward protectionism. Trump has previously threatened tariffs on foreign goods to prioritize American interests. Faury also pointed out the European defense sector&#8217;s struggle with financing shortages, despite ongoing conflicts such as the one in Ukraine.
He urged the French government, led by Prime Minister Francois Bayrou, to maintain support for research on emissions reduction and to ease corporate charges, warning against repeating past mistakes seen in other industries.
Why It Matters: The prospect of a Trump presidency has raised concerns in Europe about the <a href="https://www.benzinga.com/general/market-summary/24/11/41819604/trump-presidency-raises-concerns-about-european-recession">potential for a new round </a>of tariffs, which could trigger an economic recession. Analysts have issued pessimistic outlooks for European economic growth following Trump&#8217;s election victory.
Trump&#8217;s win has also sparked a &#8220;reshoring&#8221; rally, with stocks of companies <a href="https://www.benzinga.com/news/global/24/11/41857487/exclusive-trump-victory-triggers-reshoring-rally-as-supply-chain-security-outweighs-cost">focused on bringing production</a> back to the U.S. surging sharply. This trend is driven by expectations of protectionist policies.
Furthermore,&nbsp;Goldman Sachs&nbsp;analysts have <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42888800/goldman-sachs-flags-market-correction-risk-as-inflation-trump-policies-stir-uncertainty">flagged a near 30% probability</a> of market corrections due to rising inflation pressures, trade tensions, and political uncertainty ahead of Trump&#8217;s second term. These factors could lead to deeper market volatility and weaker forward returns for equities.
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 Wikimedia Commons

Global

European Aeronautic Defence And Space Unsponsored

EADSY

Airbus CEO Warns Of 'Very Strong' US Protectionism Under Trump

Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and maintains $1100 price target.

COST

Telsey Advisory Group Maintains Outperform on Costco Wholesale, Maintains $1100 Price Target

Telsey Advisory Group analyst Joe Feldman maintains Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Outperform and maintains $26 price target.

Telsey Advisory Group Maintains Outperform on Albertsons Companies, Maintains $26 Price Target

RBC Partners With Cohere To Co-develop And Deploy An Enterprise Generative AI Solution Optimized For Financial Services

The Company will use the anticipated net proceeds from the sale, after payment of transaction-related fees and expenses, to prepay in full the outstanding CCIBV term loans in the principal amount of $375 million, plus any accrued interest.
The transaction is expected to close in 2025, upon satisfaction of regulatory approvals.
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