Latest news for Newtopia (OTC:NEWUF) Stock

Newtopia Inc is a technology-enabled habit change company that delivers disease prevention solutions by leveraging genetic testing, and social and behavioral science to help individuals prevent chronic disease and reduce costs for health insurers.

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Penny Stocks

Health Care

Markets

General

NEWUF

TSXV:NEWU

Focusing on Disease Prevention Can Benefit Individuals and Health Insurers - A New Approach to Healthcare

Newtopia Inc

In a strategic move to <a href="https://www.benzinga.com/news/24/10/41443856/tesla-offers-discounts-of-up-to-4k-on-select-model-3-y-vehicles-as-it-looks-to-avert-1st-ever-declin">enhance vehicle sales</a> in the fourth quarter,&nbsp;EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;is leveraging&nbsp;its Tesla Electric utility service. The initiative aims to attract more buyers through a unique incentive.
What Happened: Tesla launched the Tesla Electric service in 2022 to expand its virtual power plant efforts. This service automatically manages electricity transactions for Powerwall owners, offering protection against peak prices.
Currently, Tesla Electric is operational&nbsp;in Texas and the UK,&nbsp;with plans for further expansion.
To boost car sales, Tesla is offering a special incentive.
Customers who purchase a new Tesla vehicle by Dec. 31 can enjoy unlimited overnight charging for just $5 per month for a year. Eligibility requires buyers to reside in a Texas area where they can choose their electricity provider and become new Tesla Electric members.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/technicals/24/11/42071715/lucid-forms-cross-as-gravity-suv-earnings-show-progress?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid Forms Cross As Gravity SUV, Earnings Show Progress</a>
This initiative is part of Tesla&#8217;s strategy to achieve record vehicle deliveries in Q4 2024, targeting over 515,000 units.
The offer comes amidst Tesla's efforts to boost its fourth-quarter delivery numbers. The company is also offering discounts on&nbsp;some inventory vehicles in the U.S.&nbsp;and offers in other offers in geographies&nbsp;<a href="https://www.benzinga.com/tech/24/11/41892379/tesla-offers-a-year-of-supercharging-for-free-in-europe-as-it-chases-record-q4-deliveries-to-outpace-a-slowdown" target="_blank" rel="noreferrer noopener">including Europe.</a>
Why It Matters: Tesla&#8217;s energy segment has <a href="https://www.benzinga.com/news/24/10/41537560/teslas-energy-segment-boom-in-q3-sparks-leadership-changes-veteran-mike-snyder-promoted-as-vp">seen significant growth</a>, with revenues reaching $2.376 billion in Q3 2024, marking a 52% increase compared to the previous year. This growth has led to the promotion of Michael Snyder to Vice President of Energy and Charging.
The energy business achieved a record gross margin of 30.5%, with the Powerwall product seeing record deployments.
In addition, Tesla is offering <a href="https://www.benzinga.com/tech/24/11/42001907/tesla-offers-3-months-of-free-supercharging-fsd-subscription-for-north-american-buyers-till-year-end-to-boost-deliveries">three months of free full self-driving (FSD)</a> subscription and supercharging for North American buyers who&nbsp;take delivery of a new&nbsp;inventory vehicle&nbsp;by the end of the&nbsp;year. This offer extends to Tesla&#8217;s entire lineup, including the newly added Cybertruck.
Tesla&#8217;s sales in China and globally are <a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher">expected to set new records</a> in Q4 2024, but may not be sufficient to avoid a decline in full-year sales. The company needs to deliver at least 514,926 vehicles in the last quarter to surpass its 2023 delivery numbers.
Price Action: Tesla stock gained over 2.1% on Tuesday to close at $346. Year-to-date, the EV giant's stock has gained 39.3%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</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:
<a href="https://www.benzinga.com/news/24/10/41508872/elon-musk-apologizes-to-long-suffering-deposit-holders-of-new-tesla-roadster-but-says-the-delay-is-c">Elon Musk Apologizes To &#8216;Long Suffering&#8217; Deposit Holders Of New Tesla Roadster</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tesla

Equities

Tech

TSLA

Tesla Electric Offers Unlimited Overnight Charging For Just $5 A Month As EV Giant Races Toward 500K Sales Target

QDEL

Reported Earlier, QuidelOrtho Prices Secondary Offering Of 8.26M Shares By Carlyle Group

The Agreement sets out the following principal terms for how the parties could work together, which would be further detailed in a master services agreement to be entered into:
<ul>
<li>Pulsar would agree to purchase the Chart carbon capture solution to capture helium and CO2 from Topaz, allowing Pulsar to monetise these products, whilst also reducing its emissions</li>
<li>Under the terms of the agreement, Chart will complete engineering studies and provide helium and CO2 plant and storage recommendations for Pulsar</li>
</ul>

GTLS

PSRHF

Pulsar Helium Partners With Chart Industries To Advance Helium And CO2 Capture At Topaz Project

Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) is set to announce a significant restructuring of its media empire, spinning off most of its cable television networks including MSNBC and CNBC into a separate publicly traded company.
What Happened: The new company, to be led by current NBCUniversal Media Group chairman Mark Lazarus as CEO, will house popular channels including USA, Oxygen, E!, Syfy, and Golf Channel. NBCUniversal will retain control of Bravo, the NBC broadcast network, Peacock streaming service, NBC Sports, and Universal theme parks, <a href="https://edition.cnn.com/2024/11/19/media/comcast-nbcuniversal-cable-spinoff-msnbc/index.html">reported</a> CNN.
The move comes as traditional cable networks face increasing pressure from streaming services. Despite industry headwinds, these channels remain profitable contributors to Comcast&#8217;s bottom line. The spinoff is being positioned as a growth opportunity, with potential for future acquisitions in an industry primed for consolidation.
During a recent investor call, Comcast president Mike Cavanaugh had hinted at the possibility, mentioning plans to evaluate creating &#8220;a new well-capitalized company&#8221; for the cable portfolio networks.
See Also: <a href="https://www.benzinga.com/24/11/42079585/meta-google-and-microsoft-bet-big-on-ai-with-skyrocketing-capex-budgets-but-jensen-huangs-nvidia-poised-to-be-the-biggest-winner-says-analyst-only-game-in-town-with-1-trillion-of-ai-capex">Dan Ives Expects &#8216;Drop The Mic Performance&#8217; Tomorrow From Nvidia: Here&#8217;s Why</a>
Why It Matters: The restructuring notably separates MSNBC and CNBC from NBC News, potentially unwinding years of integration efforts within NBCUniversal&#8217;s news operations. The company is expected to detail its vision for the news division separation in Wednesday&#8217;s formal announcement.
The announcement comes as media companies navigate a rapidly evolving landscape. Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) CEO Bob Iger recently stated his <a href="https://www.benzinga.com/24/11/41999904/disney-ceo-bob-iger-slams-the-brakes-on-new-ma-amid-comcasts-cable-spinoff-we-dont-need-more-assets-to-compete-in-todays-disruptive-media-landscape">company doesn&#8217;t need additional assets</a> to compete effectively, having already consolidated through its 20th Century Fox acquisition.
Industry analysts have long anticipated such a move. &#8220;Investors have yearned for exactly this, or at least something close to it, for years,&#8221; <a href="https://variety.com/2024/tv/news/nbcuniversal-comcast-cable-spinoff-shut-down-warner-discovery-paramount-1236196378/">said</a> Craig Moffett of MoffettNathanson to Variety.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42080933/openai-ceo-sam-altman-reportedly-leading-150m-funding-for-rain-ai-a-startup-top-analyst-calls-one-of-the-legitimate-players-at-the-table-to-challenge-nvidias-ai-chip-dominance">OpenAI CEO Sam Altman Reportedly Leading $150M Funding For Rain AI: Startup Called &#8216;One Of The Legitimate Players At The Table&#8217; To Challenge Nvidia</a></li>
</ul>
Photo via Wikimedia Commons
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

Media

CMCSA

Comcast Plans Major Cable Networks Spinoff, MSNBC And CNBC To Form New Public Company: Report

Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) reported quarterly losses of $(0.18) per share which beat the analyst consensus estimate of $(0.25) by 28 percent. This is a 56.1 percent increase over losses of $(0.41) per share from the same period last year. The company reported quarterly sales of $3.24 million which beat the analyst consensus estimate of $2.80 million by 15.64 percent. This is a 111.51 percent increase over sales of $1.53 million the same period last year.

Earnings

DUOT

Reported Earlier, Duos Technologies Group Q3 EPS $(0.18) Beats $(0.25) Estimate, Sales $3.24M Beat $2.80M Estimate

Macro Economic Events

Econ #s

Economics

Germany Producer Price Index (MoM) For October 0.2% Vs. -0.1% Est.; -0.5% Prior

U.K. Producer Price Index Input (MoM) For October 0.1% Vs. 0.5% Est.; -0.5% (Revised) Prior

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the Nasdaq gaining around 1% during the session as investors shrugged off rising geopolitical concerns between Ukraine and Russia. Ukraine launched its first U.S.-made missile strike on a Russian city, while Russian President Vladimir Putin adjusted the nation&#8217;s nuclear doctrine to broaden scenarios for a potential response.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares gained around 5% on Tuesday ahead of its quarterly earnings report, due to be released today. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares also gained 2%, adding around 38% month-to-date.
Shares of Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) rose around 3% on Tuesday after the company posted upbeat quarterly earnings and raised its outlook. Medtronic Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) reported better-than-expected results for its second quarter and raised its outlook.
On the economic data front, housing starts in the U.S. declined by 3.1% to 1.311 million in October versus a revised 1.353 million in the previous month. U.S. building permits declined by 0.6% to an annual rate of 1.416 million in October
Most sectors on the S&amp;P 500 closed on a positive note, with energy, communication services, and consumer discretionary stocks recording the biggest gains on Monday. However, industrials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 121 points to 43,268.94 on Tuesday. The S&amp;P 500 rose 0.40% to 5,916.98, while the Nasdaq Composite gained 1.04% to close at 18,987.47 during Tuesday's session.
Investors are awaiting earnings results from Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 50.1, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 49.9.
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/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Trading Ideas

NVDA

Nasdaq Gains 1% Ahead Of Nvidia Earnings: Investor Sentiment Improves, Fear & Greed Index Remains In 'Neutral' Zone

U.K. Consumer Price Index (MoM) For October 0.6% Vs. 0.0% Prior

U.K. Consumer Price Index (YoY) For October 2.3% Vs. 2.2% Est.; 1.7% Prior

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) to report quarterly earnings at $2.30 per share on revenue of $25.90 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Target shares rose 0.8% to $157.30 in after-hours trading.</li>
<li>Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) reported better-than-expected earnings for its fourth quarter. The company said it sees first-quarter revenue of $1.265 billion to $1.285 billion and adjusted earnings of $1.65 to $1.71 per share. Keysight shares climbed 9.8% to $166.99 in the after-hours trading session.</li>
<li>Analysts are expecting The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) to post quarterly earnings at $1.09 per share on revenue of $13.95 billion. The company will release earnings before the markets open. TJX shares gained 1.4% to $121.20 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) reported better-than-expected results for its second quarter on Tuesday. The company said it sees third-quarter sales of $505.00 million to 525.00 million, versus market estimates of $505.98 million. La-Z-Boy shares jumped 4.1% to $44.04 in the after-hours trading session.</li>
<li>Analysts expect NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to report quarterly earnings at 75 cents per share on revenue of $33.13 billion after the closing bell. Nvidia shares gained 0.5% to $147.70 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Long Ideas

KEYS

Target, Nvidia And 3 Stocks To Watch Heading Into Wednesday

OpenAI CEO Sam Altman is reportedly leading a $150 million funding round for Rain AI, a semiconductor startup aiming to rival Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in the AI chip market.&nbsp;
What Happened: The funding, which would value Rain AI at around $600 million, follows Altman's participation in the company's $25 million seed round in 2022, <a href="https://nypost.com/2024/11/19/business/sam-altman-seeks-backers-for-ai-chipmaker-to-challenge-nvidia-source/?utm_campaign=nypost&amp;utm_medium=referral">reported</a> the New York Post, citing sources with direct knowledge.
The next funding round is slated to kick off next month. &#8220;He has introduced the company to all his investors for this series B round,&#8221; the sources stated, referring to Altman.
See Also: <a href="https://www.benzinga.com/news/24/07/39766199/sam-altman-backed-startup-aims-to-store-carbon-dioxide-in-rocks-shrinking-decades-long-timeline-to-s">Sam Altman-Backed Startup Aims To Store Carbon Dioxide In Rocks, Shrinking Decades-Long Timeline To &#8216;Single-Digit Months&#8217;</a>
In June 2024, Rain AI bolstered its <a href="https://www.benzinga.com/news/24/06/39543601/apple-chip-veteran-joins-sam-altman-backed-ai-startup-to-lead-hardware-engineering">leadership by hiring former</a> Apple Inc. chip executive Jean-Didier Allegrucci as head of hardware engineering.
Wedbush analyst Dan Ives has described Rain AI as &#8220;one of the legitimate players at the table when it comes to the future of AI and chips.&#8221;
&#8220;There&#8217;s a lot of buzz around everything Rain AI is doing and it's the early days of the AI revolution,&#8221; he said, adding, &#8220;There&#8217;s going to be many players, not just the &#8216;Godfather of AI&#8217; Jensen Huang and Nvidia.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"Rain AI is one of the legitimate players at the table when it comes to the future of AI and chips," Wedbush Analyst Dan Ives told The Post.<a href="https://t.co/H7N9VkadUO">https://t.co/H7N9VkadUO</a> <a href="https://twitter.com/nypost?ref_src=twsrc%5Etfw">@nypost</a> &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f447;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1858942566848172214?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
OpenAI and Rain AI did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Why It Matters: Jensen Huang-led Nvidia is currently the world&#8217;s most valuable company, with a market capitalization of $3.606 trillion.
Analysts anticipate a &#8220;beat-n-raise&#8221; performance in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42068962/nvidia-q3-earnings-preview-analysts-expect-beat-n-raise-on-continued-data-center-strength">Nvidia&#8217;s third-quarter earnings</a>, projecting revenue of $33.12 billion—up sharply from $18.12 billion in the same period last year.
The AI chip giant is set to announce its earnings on Wednesday, Nov. 20.
Although Nvidia&#8217;s new Blackwell AI chips are <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">facing overheating concerns</a>, the company&#8217;s valuation is still anticipated to climb, fueled by the promise of its next-generation AI chip. I/O Fund analyst Beth Kindig predicted Nvidia could reach a <a href="https://www.benzinga.com/markets/equities/24/09/40670634/nvidia-set-to-reach-10-trillion-valuation-as-blackwell-expected-to-propel-chip-maker-with-firewo">$10 trillion valuation</a> in September.
Meanwhile, last month, Altman&#8217;s OpenAI raised over $6.5 billion in new funding, boosting its valuation to $157 billion.
The funding round was led by Thrive Capital and included major tech players such as Nvidia and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). Since 2019, Microsoft has invested about<a href="https://www.benzinga.com/startups/24/10/41556636/microsoft-and-openai-clash-over-14-billion-as-the-ai-leader-converts-to-a-for-profit-business-disrup"> $14 billion in OpenAI</a>.
Price Action: Nvidia shares climbed 4.89% on Tuesday, closing at $147.01, and gained an additional 0.46% in after-hours trading, reaching $147.69 as of this writing, according to data<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener"> from Benzinga Pro.</a>
Image via Shutterstock
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<li><a href="https://www.benzinga.com/news/global/24/11/42054220/economics-professor-doubts-impact-of-dogecoin-inspired-elon-musk-led-department-on-federal-deficit-cites-this-as-major-concern?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Economics Professor Doubts Impact Of Dogecoin-Inspired, Elon Musk-Led Department On Federal Deficit, Cites This As Major Concern</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

OpenAI CEO Sam Altman Reportedly Leading $150M Funding For Rain AI: Startup Called 'One Of The Legitimate Players At The Table' To Challenge Nvidia

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba," "Alibaba Group" or the "Company") today announced the pricing of (i) an offering of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of:
US$1,000,000,000 4.875% notes due 2030 at an issue price per note of 99.838%; US$1,150,000,000 5.250% notes due 2035 at an issue price per note of 99.649%; and US$500,000,000 5.625% notes due 2054 at an issue price per note of 99.712% (collectively, the "USD Notes");
and (ii) an offering of RMB17 billion aggregate principal amount of RMB-denominated senior unsecured notes, consisting of:
RMB8,400,000,000 2.65% notes due 2028 at an issue price per note of 100%; RMB5,000,000,000 2.80% notes due 2029 at an issue price per note of 100%; RMB2,500,000,000 3.10% notes due 2034 at an issue price per note of 100%; and RMB1,100,000,000 3.50% notes due 2044 at an issue price per note of 100% (collectively, the "RMB Notes," and together with the USD Notes, the "Notes").
The offering of the USD Notes is expected to close on November 26, 2024, and the offering of the RMB Notes is expected to close on November 28, 2024, both subject to customary closing conditions.
Alibaba intends to use the net proceeds from the offering of the Notes for general corporate purposes, including repayment of offshore debt and share repurchases.

BABA

Reported Earlier, Alibaba Prices $2.65B And RMB17B Senior Unsecured Notes, With Proceeds Targeting Offshore Debt And Share Repurchases

Buybacks

LNTH

Lantheus Board Authorizes $250M Share Repurchase Program

<ul>
<li>Phase 2 data establish proof-of-concept of efgartigimod SC in myositis</li>
<li>Enrollment to continue in Phase 3 across all three subtypes (IMNM, ASyS, DM) under evaluation in ALKIVIA</li>
<li>Potential for efgartigimod SC to be first targeted approach for myositis patients who have limited treatment options &nbsp;</li>
</ul>

ARGX

argenx Pushes Efgartigimod SC Forward: Phase 2 Data Support Continued Development In Debilitating Myositis Conditions

Financial Outlook
We are increasing our full year bookings outlook to $1,822 - $1,832 million, or 14-15% y/y growth, compared to previous guidance of $1,802 - $1,822 million, or 13-14% y/y growth. This high end of this updated outlook reflects the expectation that 2H bookings will accelerate to 17% y/y, compared to previous guidance of 16%, and y/y bookings growth to exit the year at 18%.
We are also updating our full year revenue outlook to $1,757 - $1,764 million, or 13% y/y, compared to $1,747 - $1,761 million previously.
We expect total revenue in Q4'24 of $457 - $464 million, or 13-15% y/y growth.
For the full year 2024, we now expect non-GAAP total gross margin of approximately 69%, slightly up from the 68-69% previously anticipated with non-GAAP Business Solutions gross margin still to exceed 30%. We also now expect non-GAAP operating expenses to be approximately 49% of revenue for the full year, down from approximately 50% previously.
As a result of our increased bookings expectation for the full year coupled with stable operating costs anticipated, we now expect to generate free cash flow, excluding headquarters costs, of $483 - $488 million, or 27-28% of revenue, in 2024, up from $460 - $470 million, or 26-27% of revenue.
The high end of our increased growth and profitability expectations would allow us to exceed the Rule of 40 this year, a full year ahead of our original plan presented to shareholders. Even with the earlier-than-expected achievement of this target, there is still room for further growth acceleration and ample margin expansion in our financial algorithm for 2025 and beyond.

Guidance

Wix.Com Raises 2024 Outlook: Now Expects Total Bookings Of $1.822B-$1.832B (Prior $1.802B-$1.822B) And Revenue Of $1.757B-$1.764B (Prior $1.747B-$1.761B) Vs. $1.758B Consensus

<ul>
<li>Total bookings in the third quarter of 2024 were $449.8 million, up 16% y/y
<ul>
<li>Creative Subscriptions bookings in the third quarter of 2024 were $326.6 million, up 15% y/y</li>
<li>Business Solutions bookings in the third quarter of 2024 were $123.1 million, up 17% y/y</li>
</ul>
</li>
</ul>

Wix.Com Q3 Bookings Rose 16% YoY To $449.8M; Creative Subscriptions Up 15%, Business Solutions Up 17%

Sen. Cynthia Lummis (R-Wyo.) expressed optimism that certain aspects of the proposed strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve could begin to take shape following President-elect Donald Trump's inauguration ceremony.
What happened: During an interaction on X spaces hosted by asset manager VanEck on Tuesday, the Republican said she was hopeful of things moving in 2025 but stopped short of giving a specific timeline.
Lummis said that certain actions on the proposed bill could be taken even before it gets congressional approval.
"If we win with the schedule that is proposed in the BITCOIN Act, we could just start by using our existing asset forfeiture Bitcoin to fund the first year of it," she stated. "And then start converting our gold certificates to Bitcoin."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I enjoyed discussing digital assets in the upcoming Congress. This will be the most pro-digital asset administration EVER. &#x1f1fa;&#x1f1f8; <a href="https://t.co/yRT1NGyEvd">https://t.co/yRT1NGyEvd</a>
&mdash; Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1859005422478508513?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
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"Some of what we're proposing could begin to take form right after President Trump raises his hand and is sworn in," the senior senator remarked.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Why It Matters: Lummis <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40087880/cynthia-lummis-unveils-strategic-bitcoin-reserve-legislation-this-is-our-louisiana-purchas">proposed the legislation</a>, called the BITCOIN Act, to create a strategic reserve in Bitcoin to support America&#8217;s balance sheet and address its mounting debt, which topped $35 trillion this year.
The bill outlines a $1 million purchase program to acquire 5% of Bitcoin&#8217;s total supply over five years, with a minimum holding period of 20 years.
The funding for these Bitcoin acquisitions would come from several sources detailed in the bill, including the <a href="https://www.benzinga.com/top-stories/24/07/40066385/strategic-bitcoin-reserve-could-be-paid-for-by-federal-reserve-earnings-and-reevaluating-gold-propos">revaluation of the Federal Reserve banks' gold certificates </a>to their fair market value.
President-elect Trump had previously <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40671868/trumps-bitcoin-strategic-reserve-proposal-will-chip-away-dollars-status-warns-expert-money">advocated for the U.S. to become a &#8220;Bitcoin superpower&#8221;</a> and suggested the creation of a national Bitcoin reserve during a conference.
Bettors on the popular prediction market platform Polymarket <a href="https://polymarket.com/event/will-trump-create-a-national-bitcoin-reserve-in-his-first-100-days?tid=1732081430039">priced in</a> a 35% possibility of Trump creating a Bitcoin reserve.
Price Action: At the time of writing, Bitcoin was exchanging hands at $92,425.03, up 0.92% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: Wikimedia Commons
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42052184/will-shiba-inu-coin-reach-1-cent-by-2025-47-of-benzinga-readers-say">Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say…</a></li>
</ul>

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

Cryptocurrency

Politics

$BTC

Cynthia Lummis Says Strategic Bitcoin Reserve Could Take Shape Soon After Trump 'Raises His Hand And Is Sworn In'

STMicroelectronics Outlines 2027-2028 Financial Model and Path Towards 2030 Ambition
<ul>
<li>Setting an intermediate financial model: ~$18B revenues and 22-24% operating margin in 2027-2028</li>
<li>Reiterating $20B+ revenue ambition and associated financial model, now expected to be reached by 2030</li>
</ul>
&nbsp;
Summary table
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Intermediate model (2027-2028)</td>
<td>$20B Ambition (By 2030)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenues</td>
<td>~$18B</td>
<td>$20B+</td>
</tr>
<tr>
<td>Gross Margin</td>
<td>~44-46%</td>
<td>~50%</td>
</tr>
<tr>
<td>Operating Margin</td>
<td>~22-24%2</td>
<td>&gt;30%</td>
</tr>
<tr>
<td>Free Cash Flow1 Margin</td>
<td>~20%2</td>
<td>&gt;25%</td>
</tr>
</tbody>
</table>
</figure>
Financials assume a currency exchange rate of approximately $1.09 = €1.00.

STMicroelectronics Capital Markets Day: Outlines 2027-2028 Financial Model With $18B Revenue Target, 22-24% Margins, And $20B+ Ambition By 2030

ARK Invest CEO Cathie Wood popularly known for leading ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) has raised alarm bells about the state of auto loans in America, noting that 90-day delinquency rates have now exceeded levels seen during the 2009 financial crisis.
What Happened: Wood&#8217;s comments came in response to recent data showing rising auto loan defaults, despite continued investor confidence in auto-backed securities. The Federal Reserve&#8217;s latest Supervision and Regulation Report confirms this trend, highlighting that auto loan delinquencies are approaching five-year highs in 2024.
Delinquency rates on auto loans refer to the percentage of auto loan borrowers who have failed to make their scheduled payments on time. A loan is typically considered delinquent when a payment is missed for a certain period, usually 30, 60, or 90 days.
Rising auto loan delinquency coincides with significant price cuts across the auto industry. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) reduced U.S. prices for its Model Y, Model X, and Model S by $2,000 in April following lower-than-expected first-quarter deliveries. 
Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) cut the Mustang Mach-E's price by up to $8,100, and Nissan slashed up to $6,000 off its Ariya SUV. Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) also introduced discounts on Jeep Wranglers and Grand Cherokees.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The 90-day auto delinquency rate is higher than the peak reached in 2009. <a href="https://t.co/nTKbiBcilk">https://t.co/nTKbiBcilk</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1859029182891913234?ref_src=twsrc%5Etfw">November 20, 2024</a></blockquote>
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</figure>
Despite these warning signs, investors are aggressively pursuing auto loan-backed bonds, with sales of securities tied to subprime auto loans reaching nearly $40 billion through October 2024 &#8211; a 17% increase from 2023&#8217;s total. Nicholas Tripodes, senior portfolio manager at Federated Hermes, reports seeing deals &#8220;almost 20 times oversubscribed,&#8221; according <a href="https://www.wsj.com/finance/investing/wall-street-is-bullish-on-car-loans-despite-rising-delinquencies-5f0f1ec4">to</a> The Wall Street Journal.
See Also: <a href="https://www.benzinga.com/24/11/42079585/meta-google-and-microsoft-bet-big-on-ai-with-skyrocketing-capex-budgets-but-jensen-huangs-nvidia-poised-to-be-the-biggest-winner-says-analyst-only-game-in-town-with-1-trillion-of-ai-capex">Dan Ives Expects &#8216;Drop The Mic Performance&#8217; Tomorrow From Nvidia: Here&#8217;s Why</a>
Why It Matters: The disconnect between rising delinquencies and investor enthusiasm reflects a broader market dynamic. Auto bonds from Global Lending Services with the lowest investment-grade rating yielded approximately 6% in October, triple the yield of comparable subprime auto loan-backed debt in 2021.
The stress is particularly evident among lower-income borrowers struggling with increased living costs and higher interest rates. The overall auto loan delinquency rate hit 3.8% in June, the highest since 2010, according to Federal Reserve data.
&#8220;The delinquency rate for consumer loans remained elevated in the first half of 2024,&#8221; the Federal Reserve noted, adding that while there was some improvement in credit card delinquencies during the second quarter, auto loan defaults continued to rise year-over-year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42079954/microsoft-ceo-satya-nadella-defends-bings-rise-against-googles-search-dominance-says-openais-partnership-with-apple-is-incremental-for-even-us">Satya Nadella Defends Bing&#8217;s Rise Against Google&#8217;s Search Dominance — Says OpenAI&#8217;s Partnership With Apple Is &#8216;Incremental&#8217; For Microsoft</a></li>
</ul>
Image via Benzinga YouTube and Unsplash
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.

Federal Reserve

ARKK

STLA

Cathie Wood Sounds Alarm On US Auto Loans As 90-Day Delinquency Rates Surpass 2009 Levels

Newtopia GAAP EPS of -C$0.01, revenue of C$1.81M

Newtopia reports Q2 results

Small Cap

Press Releases

Newtopia Reports Fourth Quarter, Full Year 2023 and First Quarter 2024 Financial Results

NEWTOPIA CONFIRMS STRATEGIC ALTERNATIVE REVIEW PROCESS TO MAXIMIZE SHAREHOLDER VALUE, REINSTATEMENT OF TRADING AND PROVIDES CORPORATE UPDATE

Newtopia Schedules Second Quarter 2024 Earnings Release and Conference Call

Newtopia Reports Second Quarter 2024 Financial Results

NEWTOPIA ANNOUNCES BRIDGE LOAN FROM BLOOM BURTON & CO.

Newtopia Expands Proven GLP-1 Support Programs with Global Apparel Leader and Provides Update on its Strategic Process

Contracts

Newtopia Signs Framework Agreement with Supplemental Insurance Payvider to Offer its Proven Habit Change Platform to Thousands of U.S. Workers as a Fully-Covered Benefit

Newtopia

Photo by <a href="https://unsplash.com/photos/mNGaaLeWEp0">Emma Simpson</a> on<a href="https://unsplash.com/s/photos/health?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText"> Unsplash</a>

&nbsp;

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.

There&rsquo;s an old saying that goes, &ldquo;An ounce of prevention is worth a pound of cure,&rdquo; meaning it&rsquo;s easier to prevent something from happening in the first place than to try and fix it after the fact. That holds true for many things in life and is advice that can arguably be applied directly to one&rsquo;s own health and the health of businesses as well.&nbsp;

While this doesn&rsquo;t mean that every illness or ailment can be prevented, steps can be taken to change an individual&#39;s habits and give the human body and mind the best possible chance to stave off the progression of chronic conditions or even prevent their occurrence in the first place.

Knowing the proper steps to prevent, slow, and reverse chronic disease can overwhelm even the most health-conscious individuals. For that, a knowledgeable guide and toolkit of resources are invaluable to anyone willing to bring positive change to their lives. One of those resources is <a href="https://www.newtopia.com/">Newtopia</a> (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/NEWUF#OTCQB">NEWUF</a>) (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/NEWU#TSXV">NEWU</a>), a tech-enabled habit change provider.

<h2>The Whole Person Approach</h2>

Newtopia is unlike any other telehealth or habit change tool available on the market today. The company&rsquo;s one-size-fits-one whole-person approach focuses on the individual at risk, building that person&rsquo;s confidence, physical and mental wellbeing over time to develop long-term habit change. Newtopia&rsquo;s proven capabilities are evidence-based and grounded in science and have received full recognition from the Centers for Disease Control and Prevention.

Newtopia leverages the best of human &ndash; its health coaches or Inspirators &ndash; with the best of digital &ndash; its proprietary HIPAA-compliant technology platform and data analytics &ndash; to incrementally change habits around nutrition, exercise, and mental wellbeing. By leveraging the genetic profile of the individual, coupled with their social habits and behavioral insights, Newtopia develops a personalized prevention program for each participant that combines virtual care, digital tools, connected devices (wearables, digital scales), and actionable data science.&nbsp;

Newtopia&rsquo;s clients represent a substantial addressable market including self-insured employers (~140 million people), private insurers (~100 million people), and public health / government healthcare providers (~138 million people). The company&rsquo;s client portfolio includes very well-known brands such as CVS Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), and Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), who believe investing in their workers is essential to the long-term financial success of their companies.

Although Newtopia&rsquo;s focus has been on type 2 diabetes, heart disease, stroke, and obesity, the changes in habits that are suggested through the program can also have a positive impact on a person&rsquo;s mental health, soothe other chronic conditions, and improve overall resilience. This innovative whole-person approach &ndash; the concept that physical and mental wellbeing are linked &ndash; has arguably become even more important as a result of COVID-19.

<h2>How it Works</h2>

It all begins with meeting individuals at a point of concern with their health during the onboarding process. Using biometric testing and online health assessment tools, Newtopia identifies the risk eligibility of individuals. Candidates are then matched with an Inspirator and the right smart technology which together walks them through the recommended steps towards habit change - whether that be new exercise routines, dietary changes, or methods to improve and enhance mental health. Through virtual coaching sessions, simple tracking, gaming, and a curated social health community, participants work to meet incremental goals to change everyday habits and improve their overall health. By forming deep and lasting participant relationships, Newtopia is also able to offer curation of other available health benefits and deliver greater adherence to its program.

The ultimate goal is to lead each individual to a healthier place which could mean fewer trips to the doctor or emergency room, reduced reliance on medication, and more opportunities to enjoy life. Newtopia&rsquo;s platform not only improves health but also saves money for health insurers through reduced health insurance costs. For instance, a healthy individual incurs&nbsp;~$3,400 a year in medical expenses. With one or two risk factors such as elevated weight, blood pressure, or glucose, those expenses increase to $5,400 a year. Once someone reaches the chronic category, medical costs can be upwards of $15,000 to $20,000 or more. That is a massive unmanaged liability for health insurers.

<h2>A Win-Win Business Opportunity</h2>

Today 90% of America&rsquo;s $4.0 trillion of annual healthcare costs paid for by health insurers are attributed to individuals with chronic and mental health conditions. But, what if we could reduce this figure? Newtopia does just that by limiting healthcare costs for individuals, employers, and insurance providers. The cost savings positively impact all three groups. With the world still facing a massive pandemic, healthcare costs continue to skyrocket and the time to find ways to reduce such costs is now.&nbsp;&nbsp;

Newtopia&rsquo;s cost savings and return on investment to health insurers, including self-insured employers, private and government health plans, have been proven time and time again. In a randomized controlled trial conducted in conjunction with Aetna, Newtopia&rsquo;s program showed a yearly cost savings of just under $1,500 per employee. In another study conducted with Medicare Advantage participants, cost savings totaled $1,700 per individual per year. These findings demonstrate that if a company chooses to partner with Newtopia for its workforce as a benefit, it may be likely to result in a healthier employee or member population and drive significant savings.

Are you curious about how much <a href="https://investor.newtopia.com/overview/default.aspx">a company could save</a> by providing its employees the opportunity to improve their physical and mental health and decrease chronic disease occurrences? Use <a href="https://www.newtopia.com/b2b/">this calculator</a> to find out.

<h2>The Bigger Picture</h2>

As we continue to weather the global pandemic, we are seeing a considerable surge in the number of chronic disease cases, leaving health insurers and the insured to pick up the pieces. Newtopia is aiming to turn the healthcare industry on its side, to stop monetizing sickness and instead invest in long-term habit change.&nbsp; When people change their habits, they can change their lives and the lives of those around them. Coming together and taking a proactive approach to individuals&rsquo; health can have long-lasting benefits for all individuals and health insurers.&nbsp;

<h2>Opportunity to Learn More</h2>

Interested in learning more about Newtopia? Founder and CEO Jeff Ruby will be presenting next week at Benzinga&rsquo;s Healthcare Conference at 3:20 PM ET on Thursday, September 30th. Mr. Ruby will also be available to host investor meetings throughout the day. You can learn more about the event <a href="https://www.benzinga.com/events/small-cap/healthcare/">here</a>.&nbsp;

&nbsp;

The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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