Latest news for Helia Group (OTC:HLIGF) Stock

Helia listed on the Australian Securities Exchange in 2014 after its US-based parent, Genworth Financial (NYSE: GNW), sold down its stake. It has since exited. With a history spanning over 50 years, Helia is a provider of lenders' mortgage insurance, or LMI, in Australia. In Australia, LMI is predominantly purchased on loans with a loan/value ratio, or LVR, above 80%. LMI protects a lender against a potential loss (gap) between the outstanding loan amount and sale proceeds on a delinquent loan property. LMI does not protect the borrower, however the premium is paid by the borrower. It's regulated by the Australian Prudential Regulation Authority, or APRA, which requires it to meet minimum regulatory capital requirements.

Helia Group Ltd

HIGHLIGHT 1&trade; study to evaluate fezolinetant for treatment of moderate to severe vasomotor symptoms in women with stage 0-3 hormone receptor positive breast cancer receiving adjuvant endocrine therapy&nbsp;-

News

ALPMY

Astellas Starts Phase 3 Trial Of Fezolinetant Targeting VMS In Women Undergoing Adjuvant Endocrine Therapy For Breast Cancer

FLUT

Aviator LLC Wins $330M IP Lawsuit Against Flutter Entertainment's Adjarabet And Spribe OÜ

For ChargePoint customers with fleets that include Mercedes-Benz and Setra buses, or for Daimler Buses customers who prefer to use ChargePoint fleet and charge management software, the new agreement offers numerous advantages and eliminates the need for additional telematics hardware.

CHPT

DTRUY

ChargePoint And Daimler Buses Collaborate To Deliver Seamless Telematics Integration For Mercedes-Benz and Setra Electric Fleets

VEON

Tamasha, Powered by VEON Expands Internationally With First Global Streaming Of Pakistan Cricket Matches

Sustainable Metal Cloud has developed technology to cut energy consumption in artificial intelligence data centers by up to 50%. 
What Happened: The Singapore-based company utilizes HyperCubes, which house servers with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) processors submerged in polyalphaolefin oil. This method is more efficient than traditional air cooling, <a href="https://www.cnbc.com/2024/08/27/nvidia-partner-sustainable-metal-cloud-ai-data-center-energy-consumption.html">reported</a> CNBC.
SMC&#8217;s co-founder and co-CEO, Tim Rosenfield, stated that their platform supports high-density GPU hosting, which is necessary for Nvidia&#8217;s new AI processors. The technology is also 28% cheaper to install compared to other liquid-based solutions.
&#8220;Most data centers are not ready for liquid of any type, whether it is immersion or direct chip cooling. The market is figuring out the best way to employ this and I think there'll be multiple ways,&#8221; Rosenfield said. 
Rosenfield mentioned that the containerized solution allows for rapid deployment in various locations, including unused spaces in existing data centers. SMC is expanding into markets like Thailand and India.
SMC has partnerships with Nvidia and Deloitte, providing GPU clusters for AI applications. The firm is raising $400 million in equity and $550 million in debt to fund its <a href="https://www.benzinga.com/news/24/07/39966193/nvidia-powers-sustainable-metal-clouds-950m-ai-data-center-expansion">expansion beyond Singapore</a>.
Governments and businesses are increasingly adopting AI, driving the demand for energy-efficient data centers. Singapore has committed over 500 million Singapore dollars to support green data centers.
See Also: <a href="https://www.benzinga.com/markets/equities/24/08/40521853/jim-cramer-predicts-market-slowdown-says-we-got-too-hopeful-and-that-realty-has-now-set-in-big-g?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Predicts Market Slowdown, Says &#8216;We Got Too Hopeful&#8217; And That Realty Has Now Set In: &#8216;Big Gains May Be Behind Us For A Bit&#8217;</a>
Why It Matters: The development by SMC comes at a crucial time when the energy consumption of AI systems is under intense scrutiny. Recently, big tech companies, including Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), have been exploring nuclear power to meet the growing <a href="https://www.benzinga.com/markets/equities/24/07/39568237/tech-giants-eye-nuclear-power-to-fuel-ai-boom-raising-concerns-over-stability-and-environmental-">energy demands of AI data centers</a>. Concerns have been raised about the environmental impact and stability of such a shift.
In mid-August, former President Donald Trump and Elon Musk also discussed the <a href="https://www.benzinga.com/news/24/08/40354528/trump-left-shocked-by-power-hungry-ai-tells-elon-musk-requires-twice-the-energy-that-the-country-alr">significant energy requirements of AI</a>, with Trump expressing his surprise at the technology&#8217;s high energy needs. He noted that AI demands twice the energy that the country currently produces.
On the other hand, Bill Gates has defended the increased energy consumption of AI, suggesting that the technology will ultimately <a href="https://www.benzinga.com/news/24/06/39543587/bill-gates-dismisses-concerns-that-big-techs-investment-in-power-hungry-ai-says-it-will-ultimately-o">offset its high electricity usage</a>. Gates emphasized that the investments in AI systems by major tech firms are expected to drive a 2-6% increase in global electricity usage.
The race to develop AI has also highlighted the depletion of energy and water resources, posing new threats to the environment. For instance, 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>) unveiled Google AI Overviews, a feature that consumes significantly more power than <a href="https://www.benzinga.com/markets/equities/24/06/39489296/as-the-ai-race-rages-on-depletion-of-energy-and-water-resources-poses-a-new-threat">traditional Google searches</a>.
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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>

Markets

Tech

AMZN

GOOG

GOOGL

NVDA

Nvidia-Backed Sustainable Metal Cloud Introduces Tech To Cut AI Data Center Energy Use By 50%

Accenture Expands Healthcare Consulting In Germany With Acquisition Of consus.health; Deal Terms Not Disclosed

This story was originally published on the&nbsp;<a href="http://www.benzinga.com/tech/24/08/40568157/apples-bullish-expansion-in-india-to-create-200-000-direct-jobs-by-march-2025-report" target="_blank">Benzinga India portal</a>.
Amazon.com Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) has announced the launch of its artificial intelligence-powered shopping assistant, Rufus, in India. This comes after the successful introduction of Rufus in the United States six months prior.
What Happened: Amazon extended its AI shopping assistant Rufus to India on August 27. This move is a part of Amazon&#39;s strategy to incorporate generative AI features into its services in a competitive AI landscape that includes tech giants like&nbsp;Microsoft, Google&nbsp;and&nbsp;Meta.
Starting Tuesday, select customers on the Amazon mobile app will have access to the AI assistant, with a wider rollout planned in the upcoming weeks. Rufus, which was first introduced in February, is designed to assist customers with product discovery, answering shopping queries, comparing products and providing recommendations.
If you want to keep up with all the latest stock market updates in India,&nbsp;sign up for the&nbsp;<a href="https://share.hsforms.com/1K1H7Kd0aRhmSdDIuxTAkxg1npzh?utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-9Epn7q6aJNp9GSC5EOIhi4bHzDb9Xseqz4PYaEI7sGMhIcV2Rv9ZPxiCYKVKvNojA6WoH5" target="_blank">Benzinga India weekly newsletter</a>.
Rufus will be located on the bottom right of the app&#39;s main navigation bar, opening a chat dialogue box on the user&#39;s screen. Users can expand the chat dialogue box to view answers to their questions, tap on suggested questions and ask follow-up questions.
Competitor&nbsp;Flipkart&nbsp;launched a similar shopping assistant,&nbsp;Flippi, in October 2023. Over the past year, Amazon has introduced several generative AI-powered features in the Amazon&nbsp;marketplace, including AI-generated review highlights and enhanced product listings.
Read Next:&nbsp;<a href="https://in.benzinga.com/content/40567739/samsung-rival-lg-follows-in-hyundais-footsteps-mulls-india-ipo-report?utm_source=benzinga_india&amp;utm_campaign=partner_feed&amp;utm_medium=partner_feed&amp;utm_content=site" rel="noopener noreferrer" target="_blank">Samsung Rival LG Follows In Hyundai&#39;s Footsteps, Mulls India IPO: Report</a>
Disclaimer: Artificial intelligence was used as a secondary aid in the writing of this story.

Equities

Amazon Rolls Out AI Shopping Assistant In India, Nearly A Year Behind Walmart-Backed Flipkart

Earnings

Woodside Energy Group H1 Sales $5.99B Down From $7.40B YoY, Underlying Net Profit After Tax Of $1.632B, Down From $1.896B YoY

Reported Earlier, Boeing 2024 CMO Forecasts China's Commercial Fleet To Double By 2043 Amid Aviation Industry Expansion And Modernization

The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, but the index remained in the &#8220;Neutral&#8221; zone on Monday.
U.S. stocks settled mixed on Monday, while the Dow Jones index settled at a record high level during the session.
The Nasdaq Composite tumbled over 150 points, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares down around 2.3% ahead of quarterly earnings due Wednesday. Other chip stocks, including, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) also settled lower during the session.
Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) reported worse-than-expected second-quarter financial results on Monday. Shares of PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) dipped 28.5% after the company announced downbeat quarterly sales.
On the economic data front, U.S. new orders for manufactured durable goods gained 9.9% from the prior month in July, compared to a revised 6.9% plunge in the prior period.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, information technology, and industrials stocks recording the biggest losses on Monday. However, energy and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 65 points to 41,240.52 on Monday. The S&amp;P 500 fell 0.32% to 5,616.84, while the Nasdaq Composite dipped 0.85% to close at 17,725.77 during Monday's session.
Investors are awaiting earnings results from ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>), PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), and Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 54, the index remained in the &#8220;Neutral&#8221; zone on Monday, versus a prior reading of 54.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Pre-Market Outlook

Trading Ideas

AVGO

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SCSC

Dow Closes At Record High While Nasdaq Tumbles As Nvidia Falls Ahead Of Earnings: Fear & Greed Index Remains In 'Neutral' Zone

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) to report quarterly earnings at 93 cents per share on revenue of $843.14 million before the opening bell. ScanSource shares fell 1.1% to $48.39 in after-hours trading.</li>
<li>XWELL, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XWEL#NASDAQ">XWEL</a>) shares surged during Monday's after-hours trading after the company announced a two-year partnership with Priority Pass. XWELL shares climbed 25% to $2.25 in the after-hours trading session.</li>
<li>Analysts are expecting PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) to post quarterly earnings at $2.29 per share on revenue of $2.07 billion. The company will release earnings after the markets close. PVH shares gained 0.1% to $103.84 in after-hours trading.</li>
</ul>
Check out our<a href="https://www.benzinga.com/premarket/"> premarket coverage here</a>
<ul>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/news/24/08/40563860/apple-announces-cfo-transition-iphone-16-debut-what-to-know">announced</a> the transition of its Chief Financial Officer, naming Kevan Parekh, the company's Vice President of Financial Planning and Analysis, as its next CFO. Apple shares fell 0.3% to $226.52 in the after-hours trading session.</li>
<li>Analysts expect Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) to post quarterly earnings at 71 cents per share on revenue of $3.9 billion after the closing bell. Nordstrom shares fell 0.1% to $21.65 in the after-hours trading session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/24/08/40551343/wall-streets-most-accurate-analysts-spotlight-on-3-industrials-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Industrials Stocks Delivering High-Dividend Yields</a></li>
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Photo courtesy: Shutterstock

AAPL

XWEL

Apple, ScanSource And 3 Stocks To Watch Heading Into Tuesday

Macro Economic Events

Econ #s

Economics

Germany Gross Domestic Product (QoQ) Q2 -0.1% Vs. -0.1% Est.; 0.2% Prior

Mohamed El-Erian, Chief Economic Advisor at Allianz, highlighted on X writing &#8220;Gold is trading within $5 of a new record high.&#8221;
What Happened: El-Erian posted a screenshot showing gold prices at $2524.06, reflecting a 5.87% gain. The lowest close was recorded at $2369.31 on Aug. 5, with a 30-day average price of $2453.21. 
Gold mining stocks have recently experienced a notable surge in value. The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), which includes holdings like Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>), and Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), has risen by 26.51% this year, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro data</a>.
Similarly, other ETFs such as SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>), iShares Gold Trust Micro Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>), and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) have also seen gains of over 21% this year.
Historically, gold reached an all-time high of $2,531.70 in August. The precious metal last traded at $2,509, and December futures contracts are currently trading at $2,543.70, down 0.45%. Year to date, gold prices have gained approximately 22.3%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Gold is trading within $5 of a new record high.<a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a> <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> <a href="https://twitter.com/hashtag/econtwitter?src=hash&amp;ref_src=twsrc%5Etfw">#econtwitter</a> <a href="https://t.co/hzcQCutV9a">pic.twitter.com/hzcQCutV9a</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1828048988072816986?ref_src=twsrc%5Etfw">August 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/asia/24/08/40563191/nasdaq-100-falls-1-tests-50-day-average-support-tech-stocks-in-flux-on-monday">Nasdaq 100 Falls 1%, Tests 50-Day Average Support: Tech Stocks In Flux On Monday</a>
Why It Matters: The recent rise in gold prices follows a series of bullish predictions and market movements. Last week, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40457722/gold-is-getting-its-moment-in-the-sun-and-experts-say-the-record-high-prices-could-">experts noted</a> that gold had surged approximately 20% this year, reaching a record high. Ole Hansen, head of commodity strategy at Saxo Bank, highlighted that gold has been in an "uninterrupted rally" since October when it was priced at $1,810 an ounce.
Further bolstering this trend, Ryan McIntyre, Managing Partner at Sprott Inc., predicted that gold prices would remain &#8220;very positive&#8221; for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40509313/expert-predicts-gold-to-be-very-positive-for-next-18-months-a-whole-new-source-of-m">the next 18 months</a>. He attributed this to increased buying by central banks and recent inflows into ETFs backed by gold.
Adding to the optimistic outlook, J.P. Morgan Research estimated that gold would exceed $2,500 per ounce by the end of 2024, with predictions that it would reach $2,600 per ounce by 2025. This forecast underscores gold&#8217;s role as a safe investment, <a href="https://www.benzinga.com/startups/24/08/40550668/jpmorgan-predicts-2-600-gold-prices-by-2025-what-a-1-million-gold-bar-means-for-the-market">especially amid economic uncertainty</a>.
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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>

Commodities

Market Vectors ETF Trust Market Vectors Gold Miners

GLDM

GOLD

IAUM

Mohamed El-Erian Observes Spike In Gold Says, Precious Metal 'Trading Within $5 Of A New Record High'

One of the <a href="https://www.benzinga.com/markets/equities/24/08/40503237/paramount-shares-jump-in-pre-market-after-media-tycoon-edgar-bronfman-reportedly-sweetens-bid-to">biggest media takeover battles </a>has come to an end with Paramount Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) confirming late Monday that the &#8220;Go-Shop&#8221; period has ended.
What Happened: The special committee of Paramount&#8217;s board said media veteran Edgar Bronfman, Jr informed it that the proposal from the consortium of investors led by him has opted to withdraw their proposal. &#8220;Therefore, the &#8216;Go-Shop&#8217; period as defined in the Transaction Agreement with Skydance Media, LLC has concluded with respect to all parties,&#8221; Paramount said in a statement.
Bronfman, a media executive and managing partner at Accretive LLC, previously headed Warner Music Group before its sale to Access Industries. The scion of a wealthy Canadian Jewish family had tabled a $4.3 billion bid for Paramount&#8217;s holding company National Amusements, owned by media executive Shari Redstone, last week. The offer was raised to $6 billion a few days later. 
During the Go-Shop period, the representatives of Paramount&#8217;s special committee contacted over 50 parties regarding a potential transaction. 
Charles Phillips, Jr., chair of the special committee, said, &#8220;Having thoroughly explored actionable opportunities for Paramount over nearly eight months, our Special Committee continues to believe that the transaction we have agreed with Skydance delivers immediate value and the potential for continued participation in value creation in a rapidly evolving industry landscape.&#8221;
See Also: <a href="https://www.benzinga.com/money/best-media-diversified-stocks">Best Media Diversified Stocks</a>
Why It&#8217;s Important: Bronfman, who had relied on high net-worth individuals to seal the deal had to back off as some of his coalition partners were uncomfortable sharing their personal information with Paramount&#8217;s special committee, Reuters said, citing sources.
Following the merger of CBS and Viacom in Dec. 2019, the combined company was renamed as Paramount in Feb. 2022. Paramount began talks with Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) regarding a sale in December 2023. Later, in Jan. 2024, Skydance CEO David Ellison, son of Oracle founder Larry Ellison, was said to be exploring&nbsp;an all-cash bid to acquire Paramount parent National Amusements. Shortly after media entrepreneur Byron Allen&nbsp;tabled a $30 billion offer for Paramount, including debt and equity.
Paramount&#8217;s board reportedly entered into exclusive merger talks with Skydance in April 2024 and the <a href="https://www.benzinga.com/general/entertainment/24/07/39658163/paramount-board-endorses-merger-with-skydance-media-as-david-ellison-nears-acquisition-of-m">two parties announced a deal </a>on July 7. The Skydance investor coalition comprised of the Ellison Family and RedBird Capital Partners, and it agreed to invest $2.4 billion to acquire National Amusements for cash and $4.5 billion for the stock/cash merger consideration to be paid for publicly traded Class A shares and Class B shares, as well as $1.5 billion of primary capital to be added to Paramount's balance sheet.
The Skydance deal is expected to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions.
Paramount&#8217;s Class B shares trading on the Nasdaq ended Monday&#8217;s session down 0.26% at $11.33, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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Image by viewimage via Shutterstock

PARA

PARAA

Paramount Concludes 'Go-Shop' Period As Edgar Bronfman Pulls Out, Paving Way For $8.4B Merger With Oracle Scion David Ellison's Skydance

Germany Gross Domestic Product (YoY) Q2 0.0% Vs. -0.1% Est.; -0.2% Prior

Royal Caribbean And Meyer Turku Sign Deal For Fourth Icon Class Ship, With Additional Options For Future Vessels In The Icon Series

Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) reported quarterly losses of $(0.23) per share which missed the analyst consensus estimate of $(0.21) by 9.52 percent. This is a 818.75 percent decrease over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $138.95 million which beat the analyst consensus estimate of $137.45 million by 1.09 percent. This is a 43.31 percent increase over sales of $96.96 million the same period last year.

GSX Techedu Inc. American Depositary Shares

GOTU

Gaotu Techedu Q2 EPS $(0.23) Misses $(0.21) Estimate, Sales $138.95M Beat $137.45M Estimate

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/GOOG#NASDAQ">GOOG</a>)-owned Google&nbsp;Chrome has introduced a new feature for Android users. The update includes a subtle vibration that occurs when users pull to refresh a page.
What Happened: The new haptic feedback feature is part of the Chrome 128 update. The vibration is triggered only when users&nbsp;pull down from the top&nbsp;of a page to refresh it, <a href="https://9to5google.com/2024/08/26/chrome-android-refresh-vibrates/">reported</a> 9To5Google. 
However,&nbsp;the refresh button in the&nbsp;three-dot overflow menu does not activate this feature.
The vibration feedback is a minor addition to the existing visual indicators — the&nbsp;spinner and loading bar underneath&nbsp;the Omnibox. The feature has been noticed&nbsp;on Pixel and Samsung Galaxy&nbsp;devices, the report noted.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/08/40543144/cupertino-shakes-up-app-store-leadership-iphone-16-launch-date-and-india-expansion-this-week-in-appl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cupertino Shakes Up App Store Leadership, iPhone 16 Launch Date, And India Expansion: This Week In Appleverse</a>
The Chrome 128 update is currently being rolled out to Android devices&nbsp;via the Play Store but&nbsp;is not yet widely available. 
This update follows Google&#8217;s recent addition of&nbsp;the ability to color-code Tabs&nbsp;Groups on Android, ahead of Chrome&#8217;s planned release of saved groupings from the desktop.
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: This update comes amidst a series of changes and challenges for Google Chrome. Earlier this month, Google&#8217;s parent company&nbsp;<a href="https://www.benzinga.com/government/24/08/40475379/alphabets-google-faces-revived-chrome-lawsuit-after-appeals-court-ruling">faced a revived lawsuit</a> over allegations of collecting Chrome users' personal information without their consent. 
The case was brought back to life by a U.S. appeals court, covering Chrome users since July 27, 2016.
Last month, Google also had to reverse its <a href="https://www.benzinga.com/top-stories/24/07/39895583/google-reverses-course-on-cookie-ban-in-chrome-citing-industry-regulatory-pressure">decision to ban cookies in Chrome</a> due to industry and regulatory pressure. After years of efforts, conflicts, and delays, Google decided to allow Chrome users to choose whether to enable or disable cookies.
Photo by rafapress on 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>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/08/40545428/snowden-says-telegram-founders-arrest-is-an-assault-on-basic-human-rights-accuses-french-president-m?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Snowden Says Telegram Founder&#8217;s Arrest Is An &#8216;Assault&#8217; On Basic Human Rights, Accuses French President Macron Of &#8216;Taking Hostages&#8217; To Access Private Communications</a></li>
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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.

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A California judge has ruled that the lawsuit filed by the Gary Gensler-led Securities and Exchange Commission against cryptocurrency exchange Kraken will proceed to trial, paving way for another high-voltage legal battle between the regulator and a high-profile blockchain-based company.
What Happened: The SEC&#8217;s case against Kraken, which was filed last November in the Northern District of California, <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35886628/sec-accuses-kraken-of-securities-violations-and-fund-mismanagement-seeks-permanent-shutdow">accuses the trading platform of violating federal securities laws</a> by failing to register as a broker, a similar charge that the regulating body brought against fellow cryptocurrency exchanges, Binance and Coinbase. 
According to a Coindesk <a href="https://www.coindesk.com/policy/2024/08/26/secs-case-against-kraken-will-proceed-to-trial-california-judge-rules/">report </a>Monday, Kraken&#8217;s motion to dismiss the SEC&#8217;s case was denied by U.S. District Court Judge William H. Orrick, who stated that the SEC has &#8220;plausibly alleged that at least some of the cryptocurrency transactions that Kraken facilitates on its network constitute investment contracts, and therefore securities, and are accordingly subject to securities laws.&#8221;
However, in a partial victory, the judge agreed that the cryptocurrencies named by the SEC in the lawsuit were &#8220;not themselves securities,&#8221; although the nature of their purchase and sale brings them within the purview of the act.
The SEC seeks to permanently bar Kraken from further securities violations and demands disgorgement of its &#8220;ill-gotten gains&#8221; along with other civil penalties.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40567902/pro-bitcoin-elizabeth-warren-challenger-john-deaton-questions-senators-track-record-on-fig">Pro-Bitcoin Elizabeth Warren Challenger John Deaton Questions Senator&#8217;s Track Record On Fighting Corporate Greed</a>
Why It Matters: This lawsuit follows a series of legal actions by the SEC against major cryptocurrency exchanges.
In June 2023, <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32718798/binance-and-changpeng-zhao-sued-by-the-sec-has-the-empire-just-started-crumbling">Binance and its founder Changpeng Zhao were sued by the SEC</a> for allegedly engaging in deceptive tactics, conflicts of interest, and evasion of law. Earlier that year, <a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31509547/regulation-rumble-unpacking-the-coinbase-sec-showdown-and-what-it-means-for-crypto">Coinbase received a Wells notice from the SEC</a>, which led to concerns over the regulator&#8217;s approach to regulating the cryptocurrency market.
Both Binance and Coinbase, two of the biggest cryptocurrency exchanges, have decided to legally contast SEC&#8217;s claims. Judicial rulings earlier this year<a href="https://www.benzinga.com/content/37973335/sec-lawsuit-against-coinbase-advances-as-judge-rejects-most-of-motion-to-dismiss"> denied both of their motions to dismiss</a> the case, paving way for the trial.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40567193/trumps-bitcoin-turnaround-caused-by-100m-influence-from-a-trio-of-puerto-rican-advocates-r">Trump&#8217;s Bitcoin Turnaround Caused By $100M Influence From A Trio Of Puerto Rican Advocates: Report</a></li>
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