Latest news for Iveda Solutions (NASDAQ:IVDAW) Stock

Iveda Solutions Inc is engaged in offering real-time IP video surveillance technologies. The company provides IoT sensors and devices for various applications such as energy management, smart homes, smart buildings, smart communities, and patients and eldercare. Its IvedaAI provides AI functions to IP cameras and network video recorders and video management systems. The group has a business presence in the U.S. and the Republic of China (Taiwan), from which key revenue is derived from the Republic of China (Taiwan).

Iveda Solutions Inc

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Quanta Services Made A Strategic Equity Investment In Hybar And Joined Hybar's Existing High-profile Group Of Equity Investors

B of A Securities analyst Omar Dessouky maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Buy and raises the price target from $100 to $120.

Price Target

Analyst Ratings

B of A Securities Maintains Buy on AppLovin, Raises Price Target to $120

Vice President Kamala Harris seems to have emerged as the winner of the<a href="https://www.benzinga.com/news/24/09/40806876/final-showdown-trump-and-harris-face-off-in-intense-debate-just-eight-weeks-before-election-day" target="_blank" rel="noopener"> first presidential debate</a> between her and Republican candidate Donald Trump, and veteran pollster Nate Silver offered his take on the proceedings on Wednesday.
Pointers To Harris Win: The strong consensus is that Harris won the night, said Silver, who founded FiveThirtyEight but is no longer associated with the polling analytics website. In a new post on his substack named Silver Bulletin, the polling veteran said Polymarket predicted that there is a 99% chance that Harris would be judged the winner of the debate.
Polymarket bets also show that Harris has broken even with Trump after trailing him in the betting market odds. He noted that the probability of winning for each candidate was 49%. The decline in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) following the debate also signals that Trump has lost. From a pre-debate peak of $57.7K, the apex crypto has fallen to $56.5K.
Trump has been relatively more pro-crypto vis-a-vis Harris, who has yet to spell out her stance ever since she entered the fray.
Silver said even the pro-Trump media outlet Fox News&#8217; panel conceded that his rival was the debate&#8217;s winner and CNN&#8217;s flash poll regarding who won the debate returned results in favor of the vice president. 
See Also: <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w">Trump Vs. Harris Debate&#8217;s Results Are In: Flash Poll Shows Resounding Majority Pick Vice President As Winner, But She Still Trails GOP Rival By 20 Points On This Issue</a>
Harris Better Tactician: Silver said Harris is a good tactician as she repeatedly threw the bait and her rival took it every time. Delving into how Trump performed, the polling veteran said Trump didn&#8217;t seem to know what to do with the long two-minute blocks and the microphones muted. &#8220;You'll probably see some process stories complaining that Trump wasn't well prepared for the evening,&#8221; he said.
He also said the former president was speaking as if he were addressing one of his campaign rallies, using coded terminology that is known only to the Republican base.
Biased Moderation? Making sense of the Republicans&#8217; complaint of the moderation being biased, Silver said it was a bearish indicator for Trump. He, however, said the set of questions was friendly to Harris, with ABC News&#8217; real-time fact-checking playing out well for her.
Election Issues: The economy was Trump&#8217;s strong point versus other topics, as he stuck to simple rhetoric rather than things such as tariffs which an economist may not approve of, Silver said.
The first 10 minutes focused on the economy was good for Trump but fatigue set in thereafter and he couldn&#8217;t bring his &#8220;A-game,&#8221; Silver said.
Then the momentum shifted as the sustained debate on abolition early in the evening was very bullish for Harris, he said, as it proved to be the Democrats&#8217; &#8216;best single topic.&#8217; Trump couldn&#8217;t explain that the Supreme Court&#8217;s stance of leaving abortion to the discretion of the states was a good thing, he said.
Trump&#8217;s failure to detail the &#8220;concepts of a plan&#8221; he has for<a href="https://www.benzinga.com/government/24/01/36781343/affordable-care-act-enrollment-highest-since-inception-obamacare-enrollment-witnesses-31-jump-in-202"> Obamacare </a>also ended up a positive for Harris, he added.
Silver noted that Harris repeatedly tried to recycle themes from her convention speech such as the American competitiveness against China and the military having a &#8220;lethal&#8221; fighting force. But these themes did not get her a sustained convention bounce, he said.
The former president came off more like the incumbent, which is bullish for his rival, Silver said. Despite some effective moments like in the closing statement in which he asked what she had been doing for the past three-and-a-half years, he could not build these to a &#8220;crescendo,&#8221; he said.
A Second Debate? If Harris gains in the polls following Tuesday&#8217;s debate, the two candidates would have an incentive to debate again, Silver said, adding that the race has now become neck-on-neck.
&#8220;Harris got the debate she wanted. If she isn't able to move the needle in the polls at least a little bit, maybe that means the country just isn't buying what she's selling,&#8221; said Silver.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image via Shutterstock

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General

$BTC

Polling Veteran Nate Silver Says Kamala Harris Got The Debate She Wanted As Fatigued Trump Couldn't Bring His 'A-Game' After The Initial Momentum

Bausch Health, Canada Inc., Part Of Bausch Health Companies Announced The Approval By Health Canada Of PrCABTREOTM Triple-combination Topical Treatment For Acne Vulgaris In Patients 12 Years Of Age And Older

B of A Securities analyst Brandon Berman maintains Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) with a Buy and lowers the price target from $46 to $37.

ALLY

B of A Securities Maintains Buy on Ally Financial, Lowers Price Target to $37

NRDY

The Woodbury Leadership Academy Announced An Exciting Partnership With Varsity Tutors For Schools, A Nerdy Company, To Provide All District Students With Access To The Varsity Tutors For Schools Platform At No Cost To The Academy, Students Or Families

Guidance

MANU

Manchester United Expects FY25 Revenue Of £650M - £670M, Adjusted EBITDA Of £145M - £160M

For the third quarter of 2024, we expect to deliver IAS 29-Unadjusted GMV growth within the range of 70% to 75% compared to the third quarter of 2023 and IAS 29-Unadjusted EBITDA as a percentage of GMV around 2.2%.

HEPS

D-MARKET Electronic Expects Q3 GMV Growth of 70%-75% YoY

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates Rockwell Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMTI#NASDAQ">RMTI</a>) with a Buy and maintains $9 price target.

Reiteration

RMTI

HC Wainwright & Co. Reiterates Buy on Rockwell Medical, Maintains $9 Price Target

B of A Securities analyst Craig Bijou initiates coverage on Haemonetics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAE#NYSE">HAE</a>) with a Neutral rating and announces Price Target of $85.

Initiation

B of A Securities Initiates Coverage On Haemonetics with Neutral Rating, Announces Price Target of $85

EPRX

Eupraxia Pharmaceuticals Announced Additional Positive Clinical Data From Its RESOLVE Phase 1b/2a Trial, Which Is Evaluating The Safety And Efficacy Of EP-104GI As A Treatment For Eosinophilic Esophagitis

Donald Trump and Kamala Harris sparred over China policy during the presidential <a href="https://abcnews.go.com/Politics/harris-trump-presidential-debate-transcript/story?id=113560542">debate</a> hosted by ABC News on Tuesday night. 
What Happened:Harris criticized Trump&#8217;s tariff policy, labeling it a &#8220;Trump sales tax&#8221; that would impose a 20% tax on everyday goods, affecting middle-class families. Trump defended his tariff plans, proposing additional duties of 60% to 100% on China, aiming to recoup costs from other countries.
Trump claimed his tariffs had generated &#8220;billions and billions of dollars&#8221; from China. He also noted that the Biden-Harris administration kept most of his tariffs on China, raising tariffs on $18 billion of Chinese goods in May, including semiconductors and electric vehicles.
Harris argued that Trump&#8217;s administration led to a significant trade deficit and "invited trade wars."
&#8220;Under Donald Trump&#8217;s presidency, he ended up selling American chips to China to help them improve and modernize their military. [He] basically sold us out when a policy about China should be in making sure the United States of America wins the competition for the 21st century.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40767860/mark-cuban-praises-elon-musks-ai-chatbot-grok-for-answering-kamala-harris-pov-on-immigration-i-think?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Praises Elon Musk&#8217;s AI Chatbot Grok For Answering Kamala Harris&#8217; POV On Immigration: &#8216;I Think&nbsp;It&#8217;s Accurate&#8217;</a>
She emphasized the need for strong alliances and investment in American technology to win the global race in areas like AI and quantum computing.
Why It Matters: The debate over China tariffs is not just a policy issue but a significant point of contention in the 2024 presidential race. According to <a href="https://www.benzinga.com/news/24/09/40760931/trump-vs-harris-who-do-russia-iran-and-china-favor-in-2024-election-intelligence-officials-weigh-in">U.S. intelligence officials</a>, foreign powers like Russia, Iran, and China have different stakes in the election outcome. Russia is reportedly attempting to sway voters towards Trump, while Iran favors Harris. China, meanwhile, is more focused on down-ballot races.
Trump has hinted at imposing a universal tariff on all goods imported into the U.S. if he returns to the White House. This could significantly impact the $3 trillion worth of goods imported annually. Trump could use the International Emergency Economic Powers Act (IEEPA) to <a href="https://www.benzinga.com/news/24/09/40669353/heres-how-one-law-could-activate-trumps-universal-tariff-nationwide">control economic transactions </a>and phase out imports of essential goods from China over four years.
Chinese social media users and former President Trump share a sentiment that Harris has a <a href="https://www.benzinga.com/news/24/07/39884165/chinese-social-media-users-think-kamala-harris-cant-win-against-trump-its-awkward-and-not-even-enter">slim chance of winnin</a>g the upcoming election. Discussions on platforms like Weibo suggest that Trump&#8217;s victory is almost certain, especially after a failed assassination attempt on him.
Regardless of who wins, both Harris and Trump are likely to continue the strategic decoupling from China. This could lead to Chinese companies outsourcing to Southeast Asia or Mexico to maintain their U.S. market share. Financial Analyst Shain Vernier noted that investors are <a href="https://www.benzinga.com/markets/penny-stocks/24/08/40257933/kamala-and-trump-will-continue-china-de-risking-does-that-make-china-a-turn-off-to-wall-stre">concerned about extensive tariffs</a> under Trump but expect a more passive approach from Harris.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Global

Trump 'Sold Us Out' With China Tariff Policy, Says Harris In Heated Presidential Debate

U.S. ally Spain&#8217;s Prime Minister Pedro Sánchez has called for a reevaluation of the European Union&#8217;s stance on tariffs for Chinese electric vehicles (EVs). This move comes amidst growing concerns that the escalating trade tensions could negatively impact Spain&#8217;s domestic exporters.
What Happened: Sánchez, during a press conference in Kunshan, China, expressed the need for a &#8220;compromise&#8221; between the EU and China before the anticipated vote in October to ratify the new tariffs on Chinese EVs. He emphasized the potential damage of further trade disputes, the Financial Times <a href="https://www.ft.com/content/2d071e73-631c-47ad-b1b4-b8e62f05fd4e">reported</a> on Tuesday.
"I have to be blunt and frank . . . I think we need to reconsider, all of us, not only member states, but also the [European] Commission, our position towards this movement," he said, in response to a question on the tariff vote. "We don't need another war, in this case a trade war."
Spain&#8217;s position on the tariffs has been under scrutiny, especially after the EU&#8217;s proposal to significantly increase tariffs on Chinese EVs, potentially up to 37.6%. This move was in response to suspected unfair subsidies in China&#8217;s automobile industry, which could threaten the EU&#8217;s carmakers.
Spain was one of the 11 countries that voted in favor of the tariff increase in an advisory poll in July. However, Sánchez&#8217;s recent comments suggest a potential shift in Spain&#8217;s stance, which could have significant implications for the final vote.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40790796/tesla-stock-races-higher-in-premarket-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Stock Races Higher In Premarket: What&#8217;s Going On?</a>
Why It Matters: The EU&#8217;s proposed tariffs have sparked a strong reaction from China, which has lobbied against the measures and implemented countermeasures, including an investigation into pork imports from Europe, potentially affecting Spanish producers.
This development follows <a href="https://www.benzinga.com/news/24/08/40484760/china-hits-back-at-eus-unfair-ev-tariffs-that-gave-relief-to-chinese-made-tesla-will-take-all-necess">China&#8217;s strong opposition</a> to the EU&#8217;s tariffs on EV imports, labeling them as &#8220;unfair.&#8221; China has vowed to protect its EV industry against such actions.
Despite the trade barriers in Europe and North America, aimed at limiting the influx of China-made EVs, Chinese automakers continue to invest heavily in overseas expansion, as seen at the recent <a href="https://www.benzinga.com/news/24/09/40786587/byd-geely-and-other-chinese-ev-makers-make-a-strong-showing-at-frankfurt-trade-fair-amid-restriction">Frankfurt trade fair</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40791286/tesla-ceo-elon-musk-considers-making-steering-yoke-stationary-while-cybertruck-parks-itself?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Considers Making Steering Yoke Stationary While Cybertruck Parks Itself</a></li>
</ul>
Image by World Economic Forum via Flickr
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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Legal

Tech

US Ally Urges EU To 'Reconsider' Tariffs On Chinese EVs: 'We Don't Need Another War'

Second Quarter 2024 Financial and Operational Highlights
(All financial figures are restated pursuant to IAS 29 unless otherwise indicated)
<ul>
<li>Gross merchandise value (GMV) increased by 3.9% to TRY 33.8 billion compared to TRY 32.5 billion in Q2 2023.
<ul>
<li>IAS 29-Unadjusted GMV increased by 79.2% to TRY 33.1 billion compared to Q2 2023.</li>
</ul>
</li>
<li>Revenue was nearly flat at TRY 10,112.9 million compared to TRY 10,113.3 million in Q2 2023.</li>
<li>Number of orders increased by 33.3% to 36.7 million compared to 27.5 million orders in Q2 2023.</li>
<li>Active Customers increased by 0.5% to 12.1 million compared to 12.0 million as of June 30, 2023.</li>
<li>(Order) Frequency increased by 23.2% to 10.6 compared to 8.61 as of June 30, 2023.</li>
<li>Active Merchant base decreased by 0.3% to 100.9 thousand compared to 101.3 thousand as of June 30, 2023.</li>
<li>Number of SKUs increased by 35.6% to 264.0 million compared to 194.7 million as of June 30, 2023.</li>
<li>Share of Marketplace GMV was 71.1% compared to 67.1% in Q2 2023.</li>
<li>EBITDA increased by 45.7% to TRY 386.6 million compared to TRY 265.3 million in Q2 2023. Accordingly, EBITDA as a percentage of GMV was at 1.1%, a 0.3 percentage point improvement compared to 0.8% in Q2 2023.
<ul>
<li>IAS 29-Unadjusted EBITDA increased by 110.5% to TRY 787.4 million compared to TRY 374.0 million in Q2 2023. IAS 29-Unadjusted EBITDA as a percentage of GMV in Q2 2024 improved by 0.4 percentage points to 2.4% compared to 2.0% in Q2 2023.</li>
</ul>
</li>
<li>Loss for the period was TRY 384.5 million compared to income of TRY 1,511.9 million for Q2 2023.</li>
<li>Free cash flow was negative TRY 644.5 million compared to negative TRY 1,041.8 million in Q2 2023.</li>
</ul>

Earnings

D-Market Electronic Reported Q2 GMV Growth of 3.9% YoY to TRY 33.8B, Number of Orders Grew by 33.3% YoY to 36.7M, Active Customers Rose by 0.5% YoY to 12.1M

Manchester United (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) will report on Q4 2024.

Manchester United Q4 Adj EPS $(0.20) Misses $(0.17) Estimate, Sales $179.426M Miss $189.09M Estimate

GOGO

Gogo Business Aviation, In Conjunction With Duncan Aviation, Has Completed The First Installation Of Gogo Galileo HDX On A Bombardier Challenger 300 And Has Commenced Flight Testing

Needham analyst Serge Belanger maintains Viridian Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRDN#NASDAQ">VRDN</a>) with a Buy and raises the price target from $30 to $38.

VRDN

Needham Maintains Buy on Viridian Therapeutics, Raises Price Target to $38

ILiAD Technologies, Llc Celebrates The Use Of Its Direct Lithium Extraction Technology At Scale At SLB's Clayton Valley Demonstration Plant, Producing High-purity, Battery-grade Lithium

Health Care

CSTL

Castle Biosciences Announced The Publication Of A New Study Showing That DecisionDx-melanoma Can Precisely Predict Sentinel Lymph Node Positivity Risk To Help Guide Risk-aligned Sentinel Lymph Node Biopsy Decisions

D-MARKET Electronic Q2 EPS $(0.04) Down From $0.13 YoY

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