Latest news for Able Global (OTC:JHRTF) Stock

Able Global Bhd is mainly engaged in investment holding and management services. The company operates in four main segments: Investment Holding, Tin Manufacturing, Property Development, and Food and Beverage. The Investment Holding segment provides investment holding and management services. The Tin Manufacturing segment is involved in the production of various tins, cans, and other containers. The Food and Beverage segment is responsible for manufacturing and selling milk and other dairy-related products. It derives the majority of its revenue from the Food and Beverage segment and has a presence in various countries including Malaysia, Africa, Central America, Europe, and Other Countries.

Able Global Bhd

A senior ally of Russian President Vladimir Putin claimed on Tuesday that Washington orchestrated <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40558693/telegram-ceo-pavel-durov-faces-12-serious-charges-french-prosecutor-reveals">the French arrest</a> of Pavel Durov, the founder and CEO of Telegram, a messaging platform essential for communication in the Ukraine war. Additionally, the United Arab Emirates has formally requested access to Durov.
What Happened: Vyacheslav Volodin, the Chairman of the State Duma of the Russian Federation, stated that Telegram is one of the few major internet platforms beyond U.S. control. Without providing evidence, he suggested that with the upcoming U.S. presidential election, President Joe Biden must gain control over Telegram, Reuters reported on Tuesday.
&#8220;On the eve of the U.S. presidential election, it is important for (President Joe) Biden to take Telegram under control,&#8221; Volodin said, according to the report. 
Meanwhile, the UAE is &#8220;closely following the case&#8221; of Durov, a citizen of the Gulf state. The UAE Ministry of Foreign Affairs <a href="https://www.mofa.gov.ae/en/mediahub/news/2024/8/26/26-8-2024-uae-france">emphasized</a> the urgency of providing him with &#8220;all the necessary consular services.&#8221;
The Ministry of Foreign Affairs stressed that the welfare of UAE citizens, safeguarding their interests, and providing comprehensive support are key priorities for the UAE. The statement underscores the importance of ensuring Durov&#8217;s well-being during his detention.
Durov is the founder of the encrypted messaging app, which is <a href="https://www.benzinga.com/news/24/08/40551087/russia-remains-tight-lipped-on-pavel-durovs-arrest-until-official-charges-are-released-telegram-says">headquartered in Dubai</a> and has nearly 1 billion users. The app holds significant influence in Russia, Ukraine, and former Soviet Union republics. Durov left Russia in 2014 after refusing to shut down opposition communities on the VKontakte social media platform, which he founded and later sold.
See Also: <a href="https://www.benzinga.com/markets/equities/24/08/40541313/adam-kinzinger-donald-trump-suffocating-the-soul-of-the-gop-the-republican-party-is-no-longer-co?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Adam Kinzinger: Donald Trump &#8216;Suffocating The Soul&#8217; Of The GOP</a>
Why It Matters: The arrest of Durov has triggered a series of reactions and concerns globally. According to Paris Public Prosecutor Laure Beccuau, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40558693/telegram-ceo-pavel-durov-faces-12-serious-charges-french-prosecutor-reveals">Durov faces 12 serious charges</a>, including complicity in illegal online transactions, unauthorized cryptology services, child pornography distribution, drug-related offenses, organized fraud, and money laundering.
Prominent figures have also voiced their concerns. Nigel Farage, a UK Member of Parliament and ally of former President Donald Trump <a href="https://www.benzinga.com/news/24/08/40566877/trump-ally-uk-mp-nigel-farage-expresses-concern-over-telegram-ceo-pavel-durovs-arrest-what-next-the">expressed his apprehensions</a>, highlighting the importance of free speech and questioning if other tech leaders like Elon Musk could be next.
The arrest has also raised alarms in Russia. Telegram is heavily relied upon by the Russian military for <a href="https://www.benzinga.com/news/24/08/40567036/telegram-ceo-pavel-durovs-arrest-by-france-means-they-practically-detained-the-head-of-communication">battlefield communications</a>. A Russian military blogger stated that Durov&#8217;s detention is akin to arresting &#8220;the head of communication of the Russian army.&#8221;
Moreover, online prediction <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40549754/telegram-founder-pavel-durov-unlikely-to-be-released-in-august-crypto-bettors-predict">markets are not optimistic</a> about Durov&#8217;s release. According to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and cryptocurrency bettors, there is only a 29% chance of Durov being released in August, reflecting the gravity of the situation.
Read Next: 
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</ul>
Photo courtesy: Hubert Burda Media <a href="https://www.flickr.com/photos/hubertburdamedia/6754288361">via</a> 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/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Global

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$BTC

Russian President's Ally Accuses US Of Orchestrating Arrest Of Telegram Founder Pavel Durov In France: UAE Seeks 'Urgent' Consular Access

Earnings

Earnings Misses

Oculis Holding Q2 2024 Adj. EPS CHF(0.51) Misses CHF(0.40) Estimate, Cash Balance Of CHF117.9M To Fund Operations Into The Second Half Of 2026

&nbsp;Joint Stock Company Kaspi.kz (&quot;Kaspi.kz&quot;) has sent a formal letter of interest to Uzbekistan&#39;s State Assets Management Agency (&quot;SAMA&quot;), indicating its interest in participating in the upcoming privatization of the National Interbank Processing Center (&quot;Humo&quot;).
SAMA has unveiled plans to privatize a&nbsp;100%&nbsp;stake in the Humo payment system via a public negotiation process. Humo is one of two payment systems in Uzbekistan and enables all aspects of the payments process for banks and other payment providers. According to SAMA, it has issued over 23 million Humo cards, connected over 200,000 points of sale and installed around 6,000 ATMs.

Government

Regulations

KSPI

Kazakh Fintech Giant Kaspi.kz Signals Interest in Acquiring Uzbekistan's Humo Payment System in Major Privatization Bid

Elon Musk&#8216;s SpaceX on Monday said that it is postponing the launch of the <a href="https://www.benzinga.com/news/24/08/40501311/spacex-delays-launch-of-private-human-spaceflight-mission-polaris-dawn-program-founder-jared-isaacma">Polaris Dawn mission</a> to Wednesday after identifying a helium leak.
What Happened: SpaceX was originally slated to launch the mission on Tuesday but is now looking to launch the mission at 3:38 a.m. ET on Wednesday from Florida. 
The postponement is for the company to check out a helium leak identified on Monday. Both the Falcon 9 rocket and the Dragon spacecraft for the mission remain healthy, SpaceX said. 
&#8220;Teams are taking a closer look at a ground-side helium leak on the Quick Disconnect umbilical,&#8221; the company said on Monday evening. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Teams are taking a closer look at a ground-side helium leak on the Quick Disconnect umbilical. Falcon and Dragon remain healthy and the crew continues to be ready for their multi-day mission to low-Earth orbit. Next launch opportunity is no earlier than Wednesday, August 28 →…
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1828225406996287814?ref_src=twsrc%5Etfw">August 27, 2024</a></blockquote>
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SpaceX CEO Elon Musk also took to X and said that the company is &#8220;triple-checking&#8221; everything to make sure there is nothing more it can do to improve crew safety.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">An incredible amount of work has gone into this historic mission by an amazing team. We are triple-checking everything to make sure there is nothing more we can do to improve crew safety.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1828244024152522764?ref_src=twsrc%5Etfw">August 27, 2024</a></blockquote>
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Why It Matters: Musk had warned of the possibility of postponing the mission early on Monday, citing the increased risk associated with the mission. 
"Crew safety is absolutely paramount and this mission carries more risk than usual, as it will be the furthest humans have traveled from Earth since Apollo and the first commercial spacewalk! If any concerns arise, the launch will be postponed until those concerns are addressed," Musk said.
Polaris Dawn is the first of up to three human spaceflight missions planned under the Polaris program founded by&nbsp;Shift4 Payments&nbsp;CEO&nbsp;Jared Isaacman.
SpaceX&#8217;s Dragon spacecraft and the all-civilian Polaris Crew composed of four including its mission commander&nbsp;<a href="https://www.benzinga.com/sec/insider-trades/0001805608/jared-isaacman" target="_blank" rel="noreferrer noopener">Isaacman</a>, Kidd Poteet, Sarah Gillis, and Anna Menon will spend up to five days in orbit. While Isaacman and Poteet work together at Shift4, Gillis and Menon are both SpaceX engineers.
The key objective of the mission is to <a href="https://www.benzinga.com/news/24/08/40437487/elon-musk-says-polaris-dawn-mission-will-be-epic-as-spacex-gears-up-for-its-first-spacewalk" target="_blank" rel="noreferrer noopener">conduct a spacewalk</a> nearly 435 miles above the Earth — marking the first-ever spacewalk by a commercial company. While space agency NASA routinely conducts extravehicular activities, no private player has attempted it before, making this a landmark mission for SpaceX and commercial spaceflight companies.
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 More:
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<li><a href="https://www.benzinga.com/news/24/08/40550547/spacex-to-ramp-up-operations-next-year-elon-musk-says-his-rocket-manufacturing-company-will-execute">SpaceX To Ramp Up Operations Next Year: Elon Musk Says His Rocket Manufacturing Company Will Execute Missions Every 2 Days In 2025</a></li>
</ul>
Photo courtesy: Polaris Dawn

SPACE

Tech

SpaceX Postpones Landmark Polaris Dawn Mission Launch To Wednesday After Identifying Helium Leak: Elon Musk Says 'We Are Triple-Checking Everything...'

FCPT

Reported Earlier, Four Corners Property Trust Acquires 19 Bloomin' Brands Properties For $66.4M

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) engineer Wes Morrill said on Tuesday that he is considering &#8220;stuck detection&#8221; on the <a href="https://www.benzinga.com/topic/cybertruck">Cybertruck</a> to give drivers ideas on how to get unstuck in case they get trapped somewhere when offroading.
What Happened: Morrill was responding to a video from former Fox News host Tucker Carlson who took the truck to a rural Maine logging camp <a href="https://www.benzinga.com/general/entertainment/24/08/40207366/elon-musk-sends-tucker-carlson-a-cybertruck-to-review-newscaster-does-donuts-shoots-at-vehi">to review it.</a> The logger there owned a Ford Super Duty F-250 XL but tried the Cybertruck on video. However, the truck got stuck in the mud and had to be subsequently pulled out.
Morrill noted that the drivers in the video did not take the necessary precautions to offroad through the mud. Any truck, he noted, may have been stuck in the same situation. 
&#8220;No one is an expert the first time they drive off-road but anyone can learn,&#8221; Morrill said while adding that he has been considering a &#8220;stuck detection&#8221; feature on the truck.
Stuck detection, he said, will give Cybertruck drivers pop-up suggestions like try raising the ride height in case they get stuck and do not know how to get out. Morrill is Cybertruck&#8217;s lead engineer at Tesla.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Real people experiencing it. As they said any truck may have been stuck in the same situation. No one is an expert the first time they drive off-road but anyone can learn. Have been considering &quot;stuck detection&quot; to give drivers a pop up suggestion when stuck with ideas on how to…
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1827476390100529435?ref_src=twsrc%5Etfw">August 24, 2024</a></blockquote>
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About The Review And Verdict: The loggers who tried the vehicle on Carlson&#8217;s video are, however, impressed by the truck and its handling despite it getting stuck in the mud. They admitted to liking it but said that they would rather buy it as a &#8220;toy&#8221; than a work truck given the range of about 200 to 300 miles does not suffice them in a day.
The Cybertruck&#8217;s higher-end Cyberbeast version offers <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36039263/did-tesla-overpromise-and-underdeliver-with-the-cybertruck">just a range of 301 miles.</a> 
Reminiscing Ford CEO&#8217;s Comments On Cybertruck: Ford CEO Jim Farley dismissed the Cybvertruck last year terming it a vehicle for &#8220;<a href="https://www.benzinga.com/news/23/06/32986874/ford-ceo-jim-farley-dismisses-tesla-cybertruck-as-a-cool-high-end-product-parked-in-front-of-a-hotel">Silicon Valley people</a>.&#8221; 
Ford, however, is focused on making trucks for &#8220;real people who do real work,&#8221; Farley then said, implying that the Cybertruck caters more to the tech-savvy demographic of Silicon Valley than to the traditional pickup truck customer base who use it for work.
The loggers are seemingly in agreement with the Ford CEO.
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>.
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<li><a href="https://www.benzinga.com/news/24/08/40546859/boeings-former-ceo-dennis-muilenburg-said-in-2017-his-company-will-beat-elon-musk-to-mars-7-years-la">Boeing&#8217;s Former CEO Dennis Muilenburg Said In 2017 His Company Will Beat Elon Musk To Mars. 7 Years Later, It Has Been Forced To Abandon NASA Astronauts At ISS, Who Will Now Be Rescued By SpaceX</a></li>
</ul>
Photo courtesy: Tesla

TSLA

Tucker Carlson's Cybertruck Mud Woes Prompt Tesla Engineer To Consider 'Stuck Detection' Feature

ARCA biopharma&nbsp;updates&nbsp;the previously announced final amount of the special cash dividend (the &quot;Special Dividend&quot;), which will now equal&nbsp;$1.613&nbsp;per share of ARCA&#39;s common stock, payable on August 28, 2024, to ARCA&#39;s stockholders of record as of August 26, 2024. The Special Dividend was declared by ARCA&#39;s Board of Directors on August 16, 2024, in connection with the previously announced merger (the &quot;Merger&quot;) with Oruka Therapeutics, Inc. (&quot;Oruka&quot;), pursuant to the Agreement and Plan of Merger and Reorganization, dated April 3, 2024 (the &quot;Merger Agreement&quot;). The exact amount of the Special Dividend was calculated in accordance with the Merger Agreement and based on ARCA&#39;s reasonable, good faith approximation of the amount by which ARCA&#39;s net cash, as determined prior to the closing of the Merger, will exceed&nbsp;$5,000,000.

Dividends

ABIO

Reported Earlier, ARCA Biopharma Updates Special Dividend To $1.613/Share In Preparation For Oruka Therapeutics Merger

Tesla CEO Elon Musk praised El Salvador President Nayib Bukele's commitment to freedom of speech amid the controversial arrest of Telegram CEO Pavel Durov in France.&nbsp;
What happened: In a recent X post, Bukele pitched the Central American nation as one that protects civil liberties and does not jail or censor anyone for exercising their right to free speech.
His remarks were made in reference to the <a href="https://www.benzinga.com/news/24/08/40542542/elon-musk-reacts-as-telegram-founder-gets-arrested-in-france-reportedly-faces-20-years-in-prison-on">arrest of Telegram founder Pavel Durov</a> in France over the weekend.&nbsp;
Musk, who expressed shock and dismay at the arrest, cheered Bukele's assurance on free speech, calling it "Awesome."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Awesome
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1827534100518826188?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40546223/bitcoins-consolidation-a-prelude-to-a-big-breakout-predicts-popular-crypto-trader-heres-wh">Bitcoin&#8217;s Consolidation A Prelude To A Big Breakout, Predicts Popular Crypto Trader: Here&#8217;s What Next For King Crypto</a>
Why It Matters: El Salvador, under President Bukele, has made headlines because of its <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40330518/nayib-bukeles-bitcoin-city-project-in-el-salvador-attracts-1-6b-investment-from-turkey-bas">pioneering embrace</a> of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which was adopted as legal tender in the country in 2021.&nbsp;
The pivot was part of a broader economic strategy to leverage the cryptocurrency's potential for financial inclusion and boost economic growth in the country.&nbsp;
But while the nation's Bitcoin adoption has been noteworthy, its claims about ensuring freedom of speech remain questionable.&nbsp;
El Salvador was ranked <a href="https://rsf.org/en/country/el-salvador">133rd </a>out of 180 countries in the World Press Freedom Index 2024, down 18 places from the previous year&#8217;s rankings.
Reporters Without Borders, which publishes these annual reports, states on its website, "Since taking office in June 2019, President Nayib Bukele has attacked and threatened journalists critical of his government." 
Image via Shutterstock
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Elon Musk Cheers Pro-Bitcoin El Salvador President Nayib Bukele's Free Speech Guarantee Amid Pavel Durov's Arrest

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;-

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>

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

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.
Read Next: 
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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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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: 
<ul>
<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>
</ul>
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