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Latest Oldfields Holdings Stock News | OTC:OILHF | Benzinga

Oldfields Holdings Ltd manufactures, imports, and markets paint brushes, paint rollers, painter's tools, and accessories mainly in Australia. It operates through two segments: Consumer Products and Scaffolding. The Consumer Products segment imports, manufactures and markets paint brushes, paint rollers, painters tools, garden sheds and outdoor storage systems. The Scaffolding segment manufactures and markets scaffolding and related equipment and is also engaged in hiring scaffolding and related products to the building and construction industry. Substantial revenue is generated from the Scaffolding segment.

OILFIELDS HOLDINGS LTD by OILFIELDS HOLDINGS LTD.

Oldfields Holdings Ltd

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Global Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) to report quarterly earnings at 24 cents per share on revenue of $5.80 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Global Partners shares fell 3.1% to close at $56.57 on Thursday.</li>
<li>Analysts expect Owens &amp; Minor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) to post quarterly earnings at 52 cents per share on revenue of $2.69 billion. The company will release earnings before the markets open. Owens &amp; Minor shares gained 0.7% to close at $6.89 on Thursday.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) reported first-quarter earnings of 74 cents per share, meeting the analyst consensus estimate. The company reported quarterly sales of $13.50 billion, which beat the analyst consensus estimate of $13.36 billion. The company said it sees second-quarter adjusted EPS of 75 to 85 cents versus estimates of 86 cents. HP shares fell 2.1% to close at $33.13 on Thursday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported better-than-expected fourth-quarter adjusted earnings results and issued FY25 adjusted EPS guidance above estimates. Dell shares fell 6.8% to close at $107.83 on Thursday.</li>
<li>Analysts expect Chart Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>) to post quarterly earnings at $3.15 per share on revenue of $1.17 billion before the opening bell. Chart Industries shares fell 2% to close at $182.25 on Thursday.</li>
</ul>
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</ul>
Photo courtesy: Shutterstock

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Pre-Market Outlook

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HP, Dell Technologies And 3 Stocks To Watch Heading Into Friday

Jamie Dimon, the CEO of banking heavyweight JPMorgan, has acknowledged the importance of smart contracts-based cryptocurrencies, in stark contrast to his views on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What happened: During a CNBC interview in January 2023, the CEO of the world's most valuable banking company stated that cryptocurrencies with embedded smart contracts <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43081007/if-you-invested-1000-in-ethereum-when-jamie-dimon-said-cryptos-with-smart-contracts-have-value-heres-how-much-youd-have-today">possess value</a>.&nbsp;
"There's a cryptocurrency which might actually do something. Think of a cryptocurrency that has an embedded smart contract in it and that we can use it to buy and sell real estate and move data. That may have value,&#8221; he said.&nbsp;
It's important to understand the difference. While Bitcoin is commonly used as a digital currency for transactions and a store of value, blockchains like Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) enable the development of smart contracts and decentralized applications.
This is the reason why a plethora of <a href="https://www.benzinga.com/money/what-is-dex-decentralized-exchange">decentralized exchanges</a>, banks, and <a href="https://www.benzinga.com/topic/tokenization">tokenization </a>platforms are built atop Ethereum.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43963817/gamestop-themed-cryptos-soar-after-vivek-ramaswamy-co-founded-firms-ceo-urges-bitcoin-investment-graduate-from-being-meme-stock-to-sector-leader">GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm&#8217;s CEO Urges Bitcoin Investment: Graduate From Being &#8216;Meme Stock&#8217; To Sector Leader</a>
Dimon's views hold weight as JPMorgan has made significant investments in ETH through spot exchange-traded funds.&nbsp;
Ethereum ETFs began trading on U.S. exchanges in July of last year. According to a 13F filing, the bank owned a combined stake worth $39,695 in Grayscale Ethereum Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#NYSE">ETHE</a>), Fidelity Ethereum Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FETH#BATS">FETH</a>), and iShares Ethereum Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>).
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>ETFs Owned</td>
<td>Shares Held</td>
<td>Market Value&nbsp;</td>
<td>Effective Date</td>
</tr>
<tr>
<td>Grayscale Ethereum Trust ETF</td>
<td>1,046</td>
<td>$29,309</td>
<td>Dec. 31, 2024</td>
</tr>
<tr>
<td>iShares Ethereum Trust ETF</td>
<td>300</td>
<td>$7,587</td>
<td>Dec. 31, 2024</td>
</tr>
<tr>
<td>Fidelity Ethereum Fund</td>
<td>80</td>
<td>$2,673</td>
<td>Dec. 31, 2024</td>
</tr>
<tr>
<td>Grayscale Ethereum Mini Trust ETF</td>
<td>4</td>
<td>$126</td>
<td>Dec. 31, 2024</td>
</tr>
</tbody>
</table>
</figure>
It&#8217;s worth noting that Dimon hasn&#8217;t publicly endorsed Ethereum or any specific smart contract-based cryptocurrency, for that matter. Benzinga reached out to JPMorgan to understand if the ETF investments were shaped by Dimon&#8217;s views. The bank didn&#8217;t immediately respond to the inquiry.
Price Action: At the time of writing, Ethereum was exchanging hands at $$2,143.26, down 7.25% 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>. The cryptocurrency has plunged over 30% in the last month. 
Image via Shutterstock
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

ETFs

$BTC

$ETH

ETHA

ETHE

Fidelity Ethereum Fund Fidelity Ethereum Fund

FETH

Jamie Dimon Was A Believer In Smart Contract Cryptos Long Before JPMorgan Hit The Buy Button On Ethereum ETFs: Here's What The CEO Said

United Kingdom&#8217;s Prime Minister Keir Starmer visited Palantir Technologies Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) DC office on Thursday. His visit comes as the UK and the U.S. strengthen cooperation on artificial intelligence-driven defense technology amid Russia's ongoing war in Ukraine.
What Happened: The visit, revealed in a social media post by Palantir&#8217;s strategic engagement executive Eliano Younes, came the same day Starmer <a href="https://www.youtube.com/live/dJSaNSSj_4c?feature=shared">held</a> a joint news conference with President Donald Trump where both leaders emphasized increased defense spending.
&#8220;We welcomed a very special guest at Palantir&#8217;s DC office today,&#8221; Younes wrote on X, showing Starmer&#8217;s meeting with Palantir co-founder and CEO Alex Karp.
During the subsequent news conference with Trump, Starmer noted the UK had adopted its &#8220;biggest sustained increase in defense spending since the Cold War,&#8221; responding to security challenges highlighted by the Ukraine conflict.
Trump praised the UK&#8217;s military investment while expressing grave concerns about casualties in Ukraine. &#8220;Thousands of people, young vibrant people died, and we want to stop that,&#8221; Trump said, adding that increased NATO defense spending of &#8220;4% or 5% of GDP would be appropriate&#8221; for many partners.
<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">We welcomed a very special guest at Palantir's DC office today &#x1f440; &#x1f1ec;&#x1f1e7; <a href="https://twitter.com/10DowningStreet?ref_src=twsrc%5Etfw">@10DowningStreet</a> &#x1f91d; <a href="https://twitter.com/PalantirTech?ref_src=twsrc%5Etfw">@PalantirTech</a> <a href="https://t.co/x327ytRTGp">pic.twitter.com/x327ytRTGp</a>
&mdash; Eliano A. Younes (@Elianoayounes) <a href="https://twitter.com/Elianoayounes/status/1895259879532830796?ref_src=twsrc%5Etfw">February 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/tech/25/02/44032246/sam-altman-calls-it-magic-as-openai-rolls-out-gpt-4-5-feels-like-talking-to-a-thoughtful-person-to-me">Sam Altman Calls It &#8216;Magic&#8217; As OpenAI Rolls Out GPT-4.5: &#8216;Feels Like Talking To A Thoughtful Person To Me&#8217;</a>
Why It Matters: The high-profile meeting underscores Palantir&#8217;s growing significance in national security. The data analytics firm recently reported blockbuster fourth-quarter results with a 36% year-over-year revenue increase to $827.52 million. The company secured $1.8 billion in total contract value, including 32 deals exceeding $10 million each.
Wedbush Securities Managing Director Dan Ives described Palantir&#8217;s recent earnings as showing &#8220;massive AIP growth&#8221; and suggested the company could become &#8220;the next Oracle&#8221; with the potential for reaching trillion-dollar market capitalization.
Price Action: PLTR&#8217;s stock fell 5.08% to close at $84.77 on Thursday. However, the share has increased 245.58% over the last year and is up 12.74% so far this year, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/news/25/02/44032329/anthony-scaramucci-says-the-market-doesnt-like-trump-tariffs-compares-trump-to-hitler-appeaser-for-coddling-putin-and-berating-allies">Anthony Scaramucci Says &#8216;The Market Doesn&#8217;t Like Trump Tariffs&#8217;—Compares Trump To Hitler Appeaser For Coddling Putin And Berating Allies</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

PLTR

Palantir CEO Alex Karp Meets Keir Starmer As UK PM And Trump Push For Increased Defense Spending Amid Ukraine War

The Securities and Exchange Commission clarified on Thursday that memecoins do not fall under the purview of federal securities laws, although fraudulent activities involving memecoins could still be subject to legal consequences.
What happened: The SEC's Division of Corporation Finance stated in a press release that cryptocurrencies inspired by internet memes, characters, and current trends and having limited or no functionality are not securities.
This also meant that parties involved in meme coin transactions won't be protected by federal securities laws.
"The offer and sale of meme coins does not involve an investment in an enterprise, nor is it undertaken with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others," the statement read, explaining how the asset doesn't meet the <a href="https://www.benzinga.com/markets/cryptocurrency/22/09/28870057/howey-test-is-it-a-cryptocurrency-or-digital-security">Howey Test</a> guidelines.
That said, the SEC emphasized that the statement doesn't apply to assets that are falsely labeled meme coins to evade the laws. In that case, the SEC will "evaluate the economic realities" of the project.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43996312/sec-closes-investigation-against-crypto-exchange-gemini-says-cameron-winklevoss-another-milestone-to-the-end-of-the-war-on-crypto">SEC Closes Investigation Against Crypto Exchange Gemini, Says Cameron Winklevoss: &#8216;Another Milestone To The End Of The War On Crypto&#8217;</a>
Why It Matters: This announcement comes amid a surge in the volume of memecoins, with January marking a new high of over 600,000 new tokens <a href="https://www.benzinga.com/crypto">launched in a single month.</a>
Hester Peirce, head of the SEC&#8217;s cryptocurrency task force, stated earlier this month that most memecoins <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43685991/sec-crypto-task-force-head-heister-peirce-was-asked-if-trump-melania-memecoin-launches-made-her-job-difficult-this-is-what-crypto-mom-said">may be outside the agency&#8217;s jurisdiction</a>.
President Donald Trump, who promised to bring about a more lenient regulatory environment for digital assets under his watch, <a href="https://www.benzinga.com/25/01/43088840/donald-and-melania-trump-memecoins-crash-after-presidential-inaugurationfirst-couples-crypto-wealth-plunges-36">launched</a> his Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>)&nbsp; just before his inauguration last month. This was followed by the Official Melania (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MELANIA</a>) launch by First Lady Melania Trump.&nbsp;
Meanwhile, community-driven meme coins like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) have been a hot favorite among enthusiasts, generating returns of 102% and 183% over the past year, respectively.
Image via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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$DOGE

$MELANIA

$PEPE

$TRUMP

TRUMP

TRUMP, Dogecoin, PEPE Type Memecoins Not Securities, Says The SEC But Fraud Related To Offer And Sale Subject To Enforcement

Integral Ad Science Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAS#NASDAQ">IAS</a>) will release its financial results for the fourth quarter, before the <a href="https://www.benzinga.com/quote/IAS/earnings">opening bell, on Friday, Feb. 28, 2025.</a>
Analysts expect the New York-based company to report quarterly earnings at 25 cents per share, up from 16 cents per share in the year-ago period. Integral Ad Science projects quarterly revenue of $148.83 million, compared to $134.29 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 3, Integral Ad Science announced the departure of Tania Secor as Chief Financial Officer and the appointment of Jill Putman as Interim CFO.
Integral Ad Science shares fell 2% to close at $9.65 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/ias/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Scotiabank analyst Nat Schindler initiated coverage on the stock with a Sector Perform rating and a price target of $10 on Dec. 5, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Benchmark analyst Mark Zgutowicz reiterated a Hold rating on Nov. 14, 2024. This analyst has an accuracy rate of 66%.</li>
<li>Oppenheimer analyst Jason Helfstein maintained an Outperform rating and cut the price target from $20 to $18 on Nov. 13, 2024. This analyst has an accuracy rate of 79%.</li>
<li>Truist Securities analyst Youssef Squali maintained a Buy rating and slashed the price target from $18 to $16 on Nov. 13, 2024. This analyst has an accuracy rate of 80%.</li>
<li>Barclays analyst Raimo Lenschow maintained an Equal-Weight rating and raised the price target from $12 to $13 on Aug. 5, 2024. This analyst has an accuracy rate of 72%.</li>
</ul>
Considering buying IAS stock? Here&#8217;s what analysts think:
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Price Target

Analyst Ratings

Top Wall Street Forecasters Revamp Integral Ad Science Price Expectations Ahead Of Q4 Earnings

Former White House communications director Anthony Scaramucci was unfiltered in his latest comments on President Donald Trump's economic policies. In a <a href="https://x.com/Scaramucci/status/1893066567270752422">tweet</a> on Feb. 21, Scaramucci said, "The Market doesn't like Trump tariffs. Trump as Neville Chamberlain. Trump coddling Putin, berating our allies. The market doesn't like that."
<h2 class="wp-block-heading">The Market's Reaction</h2>
Scaramucci's criticism comes as Trump moves forward with aggressive trade policies in his second term, including a <a href="https://www.benzinga.com/government/regulations/25/01/43353698/trump-slaps-25-tariffs-on-canada-mexico-loonie-peso-slide-oil-climbs">25% tariff on imports</a> from Canada and Mexico and a <a href="https://www.benzinga.com/government/regulations/25/02/43462165/china-strikes-retaliatory-measures-against-us-following-trumps-10-tariffs-its-much-less-than-proportional-analyst-says">10% tariff on Chinese goods</a>. The Wall Street Journal Editorial Board has <a href="https://www.wsj.com/opinion/donald-trump-tariffs-25-percent-mexico-canada-trade-economy-84476fb2">called</a> this &#8220;one of the dumbest trade wars in history,&#8221; arguing that tariffs on allies make little sense, especially when China is the bigger economic rival.
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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
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Trump has justified the tariffs by claiming they address trade imbalances and protect American industries, but critics say they will only disrupt key sectors like auto manufacturing and agriculture. The U.S. auto industry, which relies on an integrated supply chain across North America, could see higher costs and job losses as a result. The WSJ pointed out that in 2023 alone, the industry added over $809 billion to the U.S. economy and supported nearly 10 million jobs. Disrupting this trade flow could weaken American competitiveness.
<h2 class="wp-block-heading">Wall Street's Take</h2>
Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) has warned that Trump's tariffs could hurt corporate earnings and stock prices. According to the firm's chief U.S. equity strategist, David Kostin, the S&amp;P 500's earnings could drop by 1% to 2% for every 5% increase in tariffs. With tariffs already in place on key trading partners, the firm predicts a 2% to 3% decline in earnings and a potential 5% drop in the S&amp;P 500 in the near term.
Trending: <a href="https://www.benzinga.com/money/millionaires-never-earned-six-figures-according-to-dave-ramsey">69% of Millionaires Never Earned A Six-Figure Salary – Here Are 2 Things They Do To Get Their First $1 Million, According To Dave Ramsey</a>
"If company managements decide to absorb the higher input costs, then profit margins would be squeezed," Kostin wrote. "If companies pass along the higher costs to end customers, then sales volumes may suffer. Firms may try to push back on their suppliers and ask them to absorb part of the cost of the tariff through lower prices."
Even more concerning is the uncertainty these tariffs create. According to Goldman, during Trump's first term, the stock market fell by a combined 5% on days when new tariffs were announced, and an additional 7% on days when other countries responded with retaliatory tariffs. Economists also warn that tariffs could drive inflation back up, forcing the Federal Reserve to keep interest rates higher for longer—another potential hit to stock prices.
See Also: Many don&#8217;t know there are tax benefits when buying a unit as an investment —<a href="https://www.benzinga.com/money/casa-shares"> Here&#8217;s how to invest in real estate by mirroring BlackRock's big move</a>
<h2 class="wp-block-heading">Comparing Trump to Neville Chamberlain</h2>
Scaramucci's reference to Neville Chamberlain, the British prime minister known for his policy of appeasement toward Adolf Hitler before World War II, signals his view that Trump is being too soft on Russia while alienating U.S. allies. The former Trump insider has been a <a href="https://www.benzinga.com/news/24/11/42254953/scaramucci-on-trump-deportation-plan-were-going-to-have-a-stock-market-crash">vocal critic</a> of the president in recent years, and his latest comments suggest he sees Trump's economic policies as a threat to both markets and international relations.
As the tariff debate continues, the market will ultimately determine whether Scaramucci's warning holds true.
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Anthony Scaramucci Says 'The Market Doesn't Like Trump Tariffs'—Compares Trump To Hitler Appeaser For Coddling Putin And Berating Allies

Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder Michael Saylor said Thursday that he met House Financial Services Committee Chair Rep. French Hill (R-AR) and discussed plans to make the U.S. the global leader in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What happened: In an X post, Saylor revealed he interacted with committee members on Tuesday. The discussion centered around digital assets and the potential for the U.S. to become a global leader in Bitcoin and cryptocurrency.&nbsp;
Saylor said he also presented his &#8216;Digital Assets Framework&#8217; during the meeting, a strategy aimed at integrating digital assets into the U.S. economy.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On Tuesday, I had the opportunity to meet with the House Financial Services Committee and <a href="https://twitter.com/RepFrenchHill?ref_src=twsrc%5Etfw">@RepFrenchHill</a> to discuss digital assets and how we can make the U.S. the global leader in Bitcoin and crypto. The Digital Assets Framework I presented during the meeting is attached below. <a href="https://t.co/S9l79CphUX">https://t.co/S9l79CphUX</a>
&mdash; Michael Saylor&#x26a1;&#xFE0F; (@saylor) <a href="https://twitter.com/saylor/status/1895134008675311626?ref_src=twsrc%5Etfw">February 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Saylor's comments were in response to an earlier post by committee member Rep. Dan Meuser (R-Pa.), who revealed having an "informative" discussion with Saylor about Bitcoin's value and the need for a digital assets framework.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43996312/sec-closes-investigation-against-crypto-exchange-gemini-says-cameron-winklevoss-another-milestone-to-the-end-of-the-war-on-crypto">SEC Closes Investigation Against Crypto Exchange Gemini, Says Cameron Winklevoss: &#8216;Another Milestone To The End Of The War On Crypto&#8217;</a>
Why It Matters: Saylor proposed the &#8216;Digital Assets Framework&#8217;&nbsp; to the <a href="https://www.benzinga.com/top-stories/25/01/43110946/sec-launches-crypto-task-force-to-establish-clear-regulatory-framework">SEC Crypto Task Force</a>—a dedicated unit aiming to develop a clear and comprehensive regulatory framework for cryptocurrencies in the U.S.
Saylor, a well-known Bitcoin bull who has guided his firm Strategy toward a Bitcoin-oriented approach, has grown increasingly close to the Donald Trump administration. He met the <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43078515/michael-saylor-meets-trumps-cabinet-at-crypto-ball-what-does-the-bitcoin-bulls-cryptic-post-indicate">entire cabinet</a> at a so-called &#8220;Crypto Ball&#8221; last month.
Strategy has spearheaded Bitcoin's corporate adoption, accumulating a stockpile of 499,096 BTC, worth over $40 billion, <a href="https://bitcointreasuries.net/">according</a> to bitcointreasuries.net. However, critics like Peter Schiff have<a href="https://www.benzinga.com/25/02/43931332/peter-schiff-questions-michael-saylor-led-strategys-leverage-bitcoin-play-amid-share-price-decline-massive-dilution-has-destroyed-shareholder-value"> pointed out the decline</a> in the company's stock amid the ongoing cryptocurrency meltdown.
Price Action: At the time of writing, Bitcoin was exchanging hands at $81,883.63, down 3.70% 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>.
Shares of MicroStrategy were up 1.22% in after-hours trading, after closing 8.82% lower at $240.05 during Thursday's trading session. Year-to-date, the stock has plunged over 17%.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43997635/bitcoin-spin-off-litecoin-ethereum-killer-avalanche-weather-crypto-meltdown-heres-why-ltc-avax-are-spiking">Bitcoin Spin-Off Litecoin, &#8216;Ethereum Killer&#8217; Avalanche Weather Crypto Meltdown, Here&#8217;s Why LTC, AVAX Are Spiking</a></li>
</ul>

Politics

MSTR

Michael Saylor Presents 'Digital Assets Framework' To House Committe, Pitches For US Supremancy In Bitcoin, Crypto

OpenAI has launched GPT-4.5, its largest and most advanced chat model to date, <a href="https://www.benzinga.com/25/02/43970279/alibaba-and-deepseek-intensify-ai-showdown-challenging-openai-and-nvidias-market-dominance">amid growing competition from rivals</a> like xAI&#8216;s Grok 3 and DeepSeek.
What Happened: The company is rolling out the model first to ChatGPT Pro subscribers paying $200 monthly, with plans to extend access to Plus, Team, Enterprise, and Edu users over the coming weeks. This staggered approach reflects OpenAI&#8217;s strategy to manage ongoing GPU shortages and high demand.
The model was trained on Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure AI supercomputers and represents a significant shift toward scaling unsupervised learning.
<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">Today we're releasing a research preview of GPT-4.5—our largest and best model for chat yet. Rolling out now to all ChatGPT Pro users, followed by Plus and Team users next week, then Enterprise and Edu users the following week. <a href="https://t.co/br5win5OEB">pic.twitter.com/br5win5OEB</a>
&mdash; OpenAI (@OpenAI) <a href="https://twitter.com/OpenAI/status/1895219591070261266?ref_src=twsrc%5Etfw">February 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;GPT-4.5 is ready!&#8221; OpenAI CEO Sam Altman announced on X. &#8220;It is the first model that feels like talking to a thoughtful person to me. I have had several moments where I&#8217;ve sat back in my chair and been astonished at getting actually good advice from an AI.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GPT-4.5 is ready! good news: it is the first model that feels like talking to a thoughtful person to me. i have had several moments where i&#39;ve sat back in my chair and been astonished at getting actually good advice from an AI. bad news: it is a giant, expensive model. we…
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1895203654103351462?ref_src=twsrc%5Etfw">February 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Altman acknowledged supply constraints affecting the rollout: &#8220;We really wanted to launch it to plus and pro at the same time, but we&#8217;ve been growing a lot and are out of GPUs. We will add tens of thousands of GPUs next week and roll it out to the plus tier then.&#8221;
According to OpenAI&#8217;s blog <a href="https://openai.com/index/introducing-gpt-4-5/">post</a>, GPT-4.5 represents a significant advancement in scaling unsupervised learning, resulting in a broader knowledge base, improved intent understanding, and enhanced emotional intelligence. The model shows reduced hallucination rates compared to previous versions, with SimpleQA accuracy reaching 62.5% versus GPT-4&#8217;s 38.2%.
See Also: <a href="https://www.benzinga.com/general/social-media/25/02/43997193/jeff-bezos-washington-post-overhaul-draws-oligarch-remark-from-bernie-sanders-elon-musk-calls-amazon-founder-a-bravo">Jeff Bezos&#8217; Washington Post Overhaul Draws &#8216;Oligarch&#8217; Remark From Bernie Sanders — Elon Musk Says &#8216;Bravo&#8217; To Amazon Founder</a>
Why It Matters: Human testers preferred GPT-4.5 over GPT-4o in multiple categories, with the model winning 63.2% of professional queries and 56.8% of creative intelligence queries.
Unlike OpenAI&#8217;s reasoning-focused models like o1 and o3-mini, GPT-4.5 doesn&#8217;t incorporate &#8220;thinking before responding&#8221; capabilities. Instead, it focuses on text-based interactions without multimodal features like Voice Mode, video, and screensharing.
&#8220;This isn&#8217;t a reasoning model and won&#8217;t crush benchmarks,&#8221; Altman noted. &#8220;It&#8217;s a different kind of intelligence and there&#8217;s a magic to it I haven&#8217;t felt before.&#8221;
The model is available to developers through OpenAI&#8217;s API suite, though the company warned its compute-intensive nature makes it more expensive than GPT-4o.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

MSFT

Sam Altman Calls It 'Magic' As OpenAI Rolls Out GPT-4.5: 'Feels Like Talking To A Thoughtful Person To Me'

Major U.S. indices closed lower on Thursday, with the Dow Jones Industrial Average slipping 0.45% to 43,239.50, the S&amp;P 500 losing nearly 1.6% to 5,861.57, and the Nasdaq tumbling about 2.8% to 18,544.42.
These are the top stocks that gained the attention of retail traders and investors through the day:
NVIDIA Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
NVIDIA shares dipped 8.48% to close at $120.15 after hitting an intraday high of $135.01 and low of $120.01. The 52-week range for the stock is $153.13 to $75.61. Despite posting record revenue of $39.3 billion for the <a href="https://www.benzinga.com/trading-ideas/movers/25/02/44012061/nvidia-shares-dip-despite-strong-q4-earnings-beat-record-revenue-whats-going-on">fourth quarter</a>, the stock experienced a sell-off. 
Advanced Micro Devices Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)
AMD shares fell 4.99% to close at $99.51, with an intraday high of $105.76 and low of $99.50. The stock&#8217;s 52-week range is $227.30 to $99.50. The stock has been under pressure, hitting a new 52-week low, as rival Nvidia&#8217;s <a href="https://in.benzinga.com/trading-ideas/technicals/25/02/44015147/nvidia-rival-amd-hits-52-week-lows-buying-opportunity-or-more-pain-ahead">strong earnings underscored</a> its dominance in the AI chip race. 
Archer Aviation Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>)
Archer Aviation shares dropped 3.53% to close at $7.92, after hitting an intraday high of $8.64 and low of $7.87. The 52-week range for the stock is $12.48 to $2.82. The company reported a <a href="https://www.benzinga.com/news/earnings/25/02/44028619/archer-aviation-stock-falls-on-q4-earnings-the-details">larger-than-expected loss</a> for the fourth quarter, missing analyst estimates. Fourth-quarter loss came in at $1.42 per share, which was below the analyst estimates of $1.24 per share.
Rocket Lab USA Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)
Rocket Lab shares slid 6.68% to close at $19.83, with an intraday high of $22.16 and a low of $19.76. The stock&#8217;s 52-week range is $33.34 to $3.47. Despite beating revenue estimates for the fourth quarter, the shares fell due to soft guidance. Revenue for the period came in at $132.39 million, which beat the estimate of $130.58 million. The company reported a fourth-quarter loss of 10 cents per share, in line with estimates.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares declined 3.04% to close at $281.95, after hitting an intraday high of $297.23 and low of $280.88. The 52-week range for the stock is $488.54 to $138.80. The company has applied for a <a href="https://www.benzinga.com/news/25/02/44020824/tesla-seeks-california-ride-hailing-permit-amid-declining-ev-sales">transportation charter-party carrier permit</a> in California, indicating its intent to enter the ride-hailing market. 
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Image via Shutterstock
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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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ACHR

NVDA

RKLB

TSLA

Nvidia, AMD, Archer Aviation, Rocket Lab, And Tesla: Why Are These 5 Stocks On Investors' Radars Today

Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google is implementing new layoffs in its human resources and cloud divisions as part of ongoing cost-cutting efforts while it increases investment in artificial intelligence infrastructure.
What Happened: The company will offer voluntary buyouts to U.S.-based employees in its &#8220;People Operations&#8221; division starting in March, according to an internal memo from HR chief Fiona Cicconi <a href="https://www.cnbc.com/2025/02/27/google-makes-cuts-to-hr-and-cloud-units.html">viewed</a> by CNBC. Mid to senior-level employees may receive severance packages of 14 weeks&#8217; salary plus one additional week for each year of service.
Separately, Google&#8217;s cloud unit is facing layoffs primarily affecting operations support staff. Some roles are being relocated to India and Mexico City, though the company stated its largest employee presence for cloud will remain in the U.S.
Google did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/general/space/25/02/44027404/rocket-lab-q4-earnings-revenue-beat-eps-beat-new-satellite-product-multi-launch-agreement-shares-slide-on-soft-guidance">Rocket Lab Q4 Earnings: Revenue Beat, EPS Beat, New Satellite Product, Multi-Launch Agreement, Shares Slide On Soft Guidance</a>
Why It Matters: The cloud division, which saw 30% revenue growth in <a href="https://www.benzinga.com/25/02/43479274/alphabet-q4-earnings-highlights-ai-cloud-youtube-momentum-continues-capex-guidance-sends-shares-lower">the fourth quarter</a> compared to the previous year, remains a high-growth business unit benefiting from AI products. Alphabet has been generating profit from its cloud business while competing with market leaders Amazon Web Services and Microsoft Azure.
These reductions follow comments from CFO Anat Ashkenazi, who recently identified cost-cutting as a top priority while Google expands AI infrastructure spending in 2025. After <a href="https://www.benzinga.com/25/02/43479274/alphabet-q4-earnings-highlights-ai-cloud-youtube-momentum-continues-capex-guidance-sends-shares-lower">reporting fourth-quarter revenue</a> that missed expectations on Feb. 3, Ashkenazi noted Google &#8220;exited the year with more demand than we had available capacity&#8221; for AI products.
These latest cuts follow January&#8217;s announcement of buyout offers to employees in Google&#8217;s &#8220;Platforms and Devices&#8221; unit, which houses over 25,000 full-time employees working on products including Android, Chrome, Pixel, and Nest.
Price Action: Alphabet Inc. Class A closed at $168.50, down 2.45%, and dipped to $168.38 after hours on Thursday. Class C ended at $170.21, down 2.57%, slipping to $170.16 after hours, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMZN

GOOG

GOOGL

Google Implements Layoffs In HR And Cloud Divisions As AI Investment Accelerates: Report

<a href="https://www.benzinga.com/25/02/43930916/elon-musks-x-eyes-44-billion-comeback-amid-trumps-victory-a-major-turnaround-after-losing-72-of-its-value">Elon Musk</a> isn't just fighting for his massive pay package—he's <a href="https://x.com/elonmusk/status/1752455348106166598?lang=en">taking on</a> Delaware's entire legal system.&nbsp;
After a Delaware judge struck down his nearly $100 billion compensation package from Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Musk wasted no time criticizing the state's Court of Chancery, calling it "<a href="https://x.com/elonmusk/status/1863728056474419580">absolute corrupt</a>."&nbsp;
His frustration didn't stop there—Tesla has now reincorporated in Texas, and his fight has put a spotlight on Delaware's role as the preferred home for corporate America.\
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<h2 class="wp-block-heading">Delaware's Legal Reputation Faces Uncertainty</h2>
For decades, Delaware has been the top choice for business incorporations, with roughly <a href="https://corp.delaware.gov/stats/">68% of Fortune 500 companies registered there</a>. But with Musk leading the charge, other companies are reconsidering their ties to the state.&nbsp;
Bill Ackman's hedge fund, Pershing Square, is planning a move to Texas or Nevada, and that reports say that Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is weighing a similar decision. Now, Delaware lawmakers are scrambling to stop what could become a corporate exodus.
To address growing concerns, Delaware lawmakers this month introduced <a href="https://legis.delaware.gov/BillDetail/141857">Senate Bill 21</a>, a proposal aimed at making the state's corporate laws more appealing to executives like Musk, Meta CEO&nbsp; Mark Zuckerberg, and Ackman.&nbsp;
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
<a href="https://www.reuters.com/legal/delaware-bill-would-limit-investor-lawsuits-companies-threaten-leave-state-2025-02-18/">According to Reuters</a>, the bill includes changes that would limit investor lawsuits against executives and redefine shareholder liabilities, making it harder for minority shareholders to challenge corporate decisions.
The push for reform comes as Delaware faces pressure to maintain its reputation as the go-to state for corporations. The state generates <a href="https://corp.delaware.gov/stats/">billions </a>from business registrations and corporate legal fees, so keeping companies from leaving is a top priority.
Lawrence Hamermesh, professor emeritus at Delaware Law School and one of the bill's authors, <a href="https://fortune.com/2025/02/21/elon-musk-tesla-pay-package-delaware-courts-change-state-law/">told Fortune</a> that Delaware needed to act fast.&nbsp;
"An unprecedented exigent risk required an unprecedented expedited process," he said, emphasizing that many companies are currently reviewing proxy statements ahead of their shareholder meetings this spring—meaning decisions to reincorporate could happen soon.
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
Not everyone is convinced Senate Bill 21 is the right move. According to <a href="https://www.ft.com/content/82e970d5-ea60-4932-81b5-2b6d5c28b86b">The Financial Times</a>, corporate governance expert Charles Elson argues that weakening shareholder protections could damage Delaware's credibility.&nbsp;
He described the changes as a dramatic upheaval in norms in Delaware where typically courts develop transaction standards through opinions.
Ann Lipton, a professor in business law and entrepreneurship at Tulane University Law School and The Murphy Institute <a href="https://www.ft.com/content/85eccee4-3890-4c25-bd89-eb522b95efb9">also weighed in</a>, warning that altering Delaware's laws to accommodate a handful of<a href="https://www.benzinga.com/news/25/02/43770418/billionaire-bill-ackman-bets-big-with-this-2-billion-stake-heres-why-he-thinks-its-still-a-sleeping-giant"> billionaires</a> could create a more volatile and less investor-friendly market.
For now, Delaware lawmakers insist the bill isn't about winning Musk back. State Sen. Bryan Townsend, the bill's primary sponsor, <a href="https://www.reuters.com/legal/delaware-bill-would-limit-investor-lawsuits-companies-threaten-leave-state-2025-02-18/">told Reuters</a> that the goal is to ensure the state remains a corporate hub.&nbsp;
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Elon Musk Blasts Delaware Court After $100B Pay Package Rejected – Sparks Corporate Exodus Threat

Leading cryptocurrencies continued their downward march on Thursday as President Donald Trump&#8217;s tariff plan worsened investors&#8217; fears.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.16%</td>
<td>$84,442.44</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.17%</td>
<td>$2,305.90</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.68%</td>
<td>$0.2058</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin rose to $87,000 early in the morning, igniting hopes of a revival, only to fall back to the $83,000 zone by the evening.
The apex cryptocurrency has dropped 16.97% since the month began, on track for its worst February since 2014.&nbsp;
Ethereum too plunged to an intraday low of $2,230.45 after lifting above $2,300 earlier in the day. The second-largest cryptocurrency was headed toward its worst February performance.
Over $390 million was liquidated from the cryptocurrency market in the last 24 hours, with $303 million in long positions wiped out.
Bitcoin's Open Interest dropped 4.62% in the last 24 hours. About 58% of Bitcoin futures traders were positioned short, according to the Long/Short Ratio, suggesting a bearish mood.
The Crypto Fear and Greed Index was at a multi-year low, with the current value of 16 last seen during the 2022 bear market.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Berachain (BERA)</td>
<td>+12.27%</td>
<td>$8.18</td>
</tr>
<tr>
<td>Maker (MKR)</td>
<td>+9.11%</td>
<td>$1.762.60</td>
</tr>
<tr>
<td>Stacks (STX)</td>
<td>+5.25%</td>
<td>$0.8261</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.81 trillion, contracting 0.10% in the last 24 hours.
Stocks were back in the red on Thursday. The Dow Jones Industrial Average fell 193.62 points, or 0.45%, to close at 43,239.50. The S&amp;P 500 slid 1.59% to end at 5,861.57, while the tech-heavy Nasdaq Composite dipped 2.78% to close the session at 18,544.42.
The sell-offs were triggered after <a href="https://www.benzinga.com/news/global/25/02/44010093/trumps-plan-for-canada-mexico-china-tariffs-to-start-march-4-could-shake-stock-market">Trump outlined a tariff plan</a> against Canada, Mexico, and China, threatening to harm key sectors like automotive, food and beverage, oil, and consumer goods.
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Analyst Notes: Popular on-chain analytics firm CryptoQuant noted that the NVT Golden Cross was below -2.4, suggesting oversold conditions and a possible market bottom.
"Given these oversold conditions, if a rebound occurs, the 111-day moving average (DMA) at $96.895 may act as resistance during any potential price increase," the analyst added.
The NVT ratio is a metric that compares a cryptocurrency's market capitalization to its on-chain transaction volume. It can be seen as the equivalent of the price-to-earnings ratio.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NVT Golden Cross and Market Conditions "An NVT value below -1.6 indicates a possible market bottom, pointing to oversold conditions. Currently, the NVT value is below -2.4." – By <a href="https://twitter.com/tugbachain?ref_src=twsrc%5Etfw">@tugbachain</a> Full analysis &#x1f447;<a href="https://t.co/VuIHzc6liT">https://t.co/VuIHzc6liT</a> <a href="https://t.co/eTXIrwjOo7">pic.twitter.com/eTXIrwjOo7</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1895215351836926052?ref_src=twsrc%5Etfw">February 27, 2025</a></blockquote>
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Widely followed cryptocurrency commentator Ali Martinez painted a bearish forecast, citing the Moving Average Convergence Divergence indicator.&nbsp;
"Every time the MACD has a bearish crossover on the weekly chart, BTC has historically seen an average 40% correction. The MACD just flashed another bearish crossover," Martinez analyzed.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every time the MACD has a bearish crossover on the weekly chart, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> has historically seen an average 40% correction. The MACD just flashed another bearish crossover! <a href="https://t.co/c5gyIMh757">pic.twitter.com/c5gyIMh757</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1895264653443305962?ref_src=twsrc%5Etfw">February 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Photo by Avi Rozen on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/general/education/25/02/44029165/if-you-invested-1000-in-bitcoin-when-changpeng-cz-zhao-predicted-btc-would-crash-from-101k-to-85k-heres-how-much-youd-have-today">If You Invested $1,000 In Bitcoin When Changpeng &#8216;CZ&#8217; Zhao Predicted BTC Would Crash From $101K to $85K, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>

Movers

Bitcoin, Ethereum Lose, Dogecoin Gains Amid Trump's Tariff War Moves: Has BTC Hit A Bottom Yet?

On Thursday, Cathie Wood&#8217;s Ark Invest made a significant trade involving Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).
The SPOT Trade
Ark Invest&#8217;s decision to trade Spotify&#8217;s shares comes amidst a turbulent time for the music streaming giant. Spotify has recently faced stiff competition from Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) YouTube, which announced that it has <a href="https://www.benzinga.com/25/02/43998792/youtube-surpasses-spotify-with-1-billion-monthly-podcast-users-ceo-pledges-enhanced-monetization-for-creators">surpassed Spotify&#8217;s monthly active podcast users</a>, reaching over 1 billion. 
Spotify&#8217;s CEO, Daniel Ek, has been in a four-year battle with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), accusing the tech giant of flouting the European Union&#8217;s Big Tech rules. Ek has called for the EU to penalize Apple for its <a href="https://www.benzinga.com/government/regulations/25/02/43983837/spotify-ceo-wants-eu-to-penalize-apple-for-defying-regulations">alleged defiance of the EU&#8217;s Digital Markets Act</a>.
Ark Invest made a significant trade involving Spotify&#8217;s shares. The Wood-led firm sold 6,629 shares through ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>). Given Spotify&#8217;s closing price of $590.76 on Thursday, February 27, 2025, the trade&#8217;s value was $3.9 million.
Other Key Trades:
<ul>
<li>Deere &amp; Co. (DE): Ark Invest&#8217;s ARKK fund bought 7,654 shares.</li>
<li>Iridium Communications Inc. (IRDM): Ark Invest&#8217;s ARKK fund purchased 87,903 shares.</li>
<li>Salesforce Inc. (CRM): Bought 15,345 stocks through ARKW.</li>
<li>Accolade Inc. (ACCD): Sold 2,500 shares from ARKG.</li>
</ul>
Image via Shutterstock
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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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

AAPL

ARKW

SPOT

Cathie Wood Sells Off Spotify Stock As YouTube Clamors For Podcast Crown

OpenAI CEO Sam Altman teased the possibility of developing a social media application in response to Meta Platforms Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) plans to launch a standalone artificial intelligence app, setting the stage for intensified <a href="https://www.benzinga.com/markets/25/02/43962882/meta-gears-up-for-ai-dominance-with-200-billion-data-center-project-report">competition in the AI space</a>.
What Happened: &#8220;Ok fine maybe we&#8217;ll do a social app,&#8221; Altman posted on X, adding, &#8220;lol if facebook tries to come at us and we just uno reverse them it would be so funny.&#8221; 
His comments came directly after CNBC <a href="https://www.cnbc.com/2025/02/27/meta-plans-to-release-a-standalone-meta-ai-app.html">reported</a> Meta&#8217;s intentions to release a dedicated Meta AI application in the second quarter of 2025.
Meta&#8217;s upcoming standalone app represents a significant advancement in CEO Mark Zuckerberg&#8216;s strategy to position the company as the AI industry leader by year-end, ahead of competitors like OpenAI and Alphabet Inc. 
Currently, Meta AI is accessible only through Meta&#8217;s existing platforms—Facebook, Instagram, and WhatsApp—where it has accumulated approximately 700 million monthly active users.
<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">lol if facebook tries to come at us and we just uno reverse them it would be so funny &#x1f923;
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1895232244354294117?ref_src=twsrc%5Etfw">February 27, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/space/25/02/44027404/rocket-lab-q4-earnings-revenue-beat-eps-beat-new-satellite-product-multi-launch-agreement-shares-slide-on-soft-guidance">Rocket Lab Q4 Earnings: Revenue Beat, EPS Beat, New Satellite Product, Multi-Launch Agreement, Shares Slide On Soft Guidance</a>
Why It Matters: According to Meta CFO Susan Li, the company also plans to test a paid subscription model for Meta AI, similar to <a href="https://www.benzinga.com/25/01/43351386/metas-ai-investments-llama-expansion-and-ad-tech-drive-growth-earn-analyst-conviction">OpenAI&#8217;s premium ChatGPT offerings</a>. 
The social media <a href="https://www.benzinga.com/general/social-media/25/01/43322201/meta-platforms-q4-earnings-revenue-beat-eps-beat-daily-actives-up-5-continued-strong-revenue-growth-expected">giant has prioritized AI development</a>, with Zuckerberg stating during Meta&#8217;s fourth-quarter earnings call: &#8220;This is going to be the year when a highly intelligent and personalized AI assistant reaches more than 1 billion people, and I expect Meta AI to be that leading AI assistant.&#8221;
Meanwhile, ChatGPT remains the most downloaded AI application according to Sensor Tower&#8217;s State of Mobile 2025 report, followed by Google Gemini, ByteDance&#8217;s Doubao, and Microsoft&#8217;s Copilot. Both Google and Elon Musk&#8216;s xAI have recently launched standalone apps for their respective AI assistants, Gemini and Grok.
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/44030586/trump-administrations-move-to-fire-probationary-employees-gets-halted-by-judge-thumb-your-nose-if-you-want">Trump Administration&#8217;s Move To Fire Probationary Employees Gets Halted By Judge: Thumb Your Nose If You Want</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Mark Zuckerberg's Meta Wants To Do An AI App But Sam Altman Wants To Pull A 'Reverse Uno' Card: 'Maybe We'll Do A Social App'

Americans&#8217; inflation expectations have surged to 4.3%, marking one of the sharpest three-month increases since 1979, according to new data that has economists concerned about price stability.
The <a href="https://data.sca.isr.umich.edu/fetchdoc.php?docid=77942#:~:text=Between%20October%202024%20and%20January,remain%20higher%20than%20pre%2D%20pandemic.">University of Michigan&#8217;s consumer survey</a> for January shows median one-year inflation expectations have climbed 1.7% since November&#8217;s election, <a href="https://www.economist.com/finance-and-economics/2025/02/18/american-inflation-looks-increasingly-worrying">The Economist reported on Tuesday</a>. It represents a joint-largest quarterly increase in over four decades, rivaling periods when inflation hit double digits.
Market indicators reflect similar concerns. One- and two-year breakeven inflation rates, calculated from Treasury yield differences, have risen 1.7% and 0.8% respectively since November.
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The jump exceeds historical patterns. According to The Economist&#8217;s model, approximately 80% of variation in quarterly inflation expectations typically correlates with current inflation rates and fuel prices. If the traditional relationships held, expectations would be nearly a full percentage point lower.
Analysts attribute the disconnect primarily to <a href="https://www.benzinga.com/general/market-summary/25/02/43821214/trump-calls-for-more-tariffs-federal-reserve-minutes-on-deck-whats-driving-markets-wednesday">President Donald Trump&#8216;s tariff rhetoric</a>. Consumer uncertainty about inflation has reached its highest level since 1980, with those opposed to tariffs expecting inflation near 5%.
&#8220;This is the riskiest period for inflation policy since the early Biden administration,&#8221; former Treasury Secretary Larry Summers told The Economist, referencing the period preceding four-decade inflation highs.
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Signs suggest the expectations may become self-fulfilling. American wages grew at an annualized 5.9% in January, while over 20% of Michigan survey respondents—the highest proportion in three decades—report accelerating major purchases to beat anticipated price increases.
Federal Reserve officials have expressed concern. &#8220;When inflation expectations become unanchored, central banks often can restore price stability only at a great economic cost,&#8221; <a href="https://www.dallasfed.org/news/speeches/logan/2025/lkl250206">Dallas Fed President Lorie Logan recently warned</a>. The uncertainty, she added, serves as &#8220;a reminder that expectations won&#8217;t stay anchored forever on their own.&#8221;
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Longer-term inflation expectations show mixed signals. While the &#8220;five-year, five-year forward&#8221; measure favored by central bankers remains stable, five-year consumer expectations have climbed to 3.3%, exceeding recent peaks.
A partisan divide has emerged in longer-term outlooks, with Democrats now expecting 4.2% average price increases over the next five years. Research suggests similar Republican concerns during the pandemic contributed to subsequent inflation.
Some analysts believe <a href="https://www.benzinga.com/markets/25/01/43325490/trump-slams-feds-terrible-job-on-bank-regulation-after-rate-hold-vows-to-unleash-lending-for-all-american-people">Trump&#8217;s criticism of Federal Reserve Chairman Jerome Powell</a>, including demands for interest rate cuts, has heightened Democrats&#8217; inflation concerns.
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Personal Finance

Americans Now Expect 4.3% Inflation—An Alarming Jump In Just 3 Months

On Thursday, a U.S. federal judge directed the Office of Personnel Management to retract memos that encouraged federal agencies to fire probationary employees. The judge declared these memos likely to be illegal.
What Happened: U.S. District Judge William Alsup ruled that the OPM must notify agencies that it lacks the power to insist on the termination of these employees. However, he stopped short of directly ordering the agencies to cease terminations, <a href="https://thehill.com/regulation/court-battles/5168222-judge-orders-recission-of-opm-memos-directing-agencies-to-fire-probationary-employees/">reported</a> The Hill.
Currently, the ruling is applicable only to agencies linked&nbsp;to the plaintiffs in the&nbsp;lawsuit. However, Judge Alsup advised the government to extend the notification to other agencies as well.
"The agencies could thumb their&nbsp;nose at OPM if they&nbsp;wanted to," Alsup stated, highlighting OPM&#8217;s limited authority over the employment decisions of other agencies.
A group of government employee unions had sued the OPM over its directive for agency leaders to fire employees still in their probationary period. This directive, which could have impacted up to 200,000 employees, resulted in a swift downsizing of the workforce across multiple agencies. Meanwhile, cuts are still on the cards for agencies, including the Defense Department.
Assistant U.S. Attorney&nbsp;Kelsey Helland&nbsp;contended that the plaintiffs were mistaking a "request" by OPM for an "order," suggesting that this misunderstanding significantly influences the case.
Judge Alsup is set to issue an opinion with additional details in the near future. An evidentiary hearing is slated for next month, where OPM acting director Charles Ezell is expected to testify.
See Also: <a href="https://www.benzinga.com/general/entertainment/25/02/44029692/elon-musk-out-as-canadian-citizen-nearly-1-of-countrys-population-signs-petition-to-revoke-citizenship">Elon Musk Out As Canadian Citizen? Nearly 1% Of Country&#8217;s Population Signs Petition To Revoke Citizenship</a>
Why It Matters: This legal development comes in the wake of a series of events that have stirred the U.S. defense sector. In December, Goldman Sachs downgraded a key player in the industry and reiterated a bearish outlook on other defense stocks, citing risks tied to a slowing Pentagon budget and margin pressures <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42468190/defense-stocks-face-headwinds-as-trumps-doge-targets-spending-cuts-goldman-sachs-downgrades-general-dynamics-to-sell">under the watch</a> of Elon Musk-associated Department of Government Efficiency.
Over 20 civil service employees have resigned from the DOGE, refusing to participate in the dismantling of what they termed as essential public infrastructure. This was followed by an executive order by President Donald Trump mandating all federal agencies to appoint a DOGE representative to oversee spending and ensure transparency, thereby increasing<a href="https://www.benzinga.com/25/02/43995014/elon-musks-influence-over-the-government-set-to-increase-trump-orders-all-federal-agencies-to-appoint-a-doge-commissar"> </a>Musk&#8217;s<a href="https://www.benzinga.com/25/02/43995014/elon-musks-influence-over-the-government-set-to-increase-trump-orders-all-federal-agencies-to-appoint-a-doge-commissar"> influence over government operations</a>.
Image via Shutterstock
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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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Trump Administration's Move To Fire Probationary Employees Gets Halted By Judge: Thumb Your Nose If You Want

ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>), a leading immunotherapy company, today announced the U.S. Food and Drug Administration (FDA) has granted Regenerative Medicine Advanced Therapy (RMAT) designation for ANKTIVA(R) and CAR-NK (PD-L1 t-haNK) for the reversal of Lymphopenia in Patients Receiving Standard-of-Care Chemotherapy/Radiotherapy and in Multiply Relapsed Locally Advanced or Metastatic Pancreatic Cancer.

IBRX

ImmunityBio Receives FDA RMAT Designation for ANKTIVA(R) and CAR-NK for the Reversal of Lymphopenia in Patients Receiving Standard-of-Care Chemotherapy/Radiotherapy and in Treatment of Multiply Relapsed Locally Advanced or Metastatic Pancreatic Cancer

<a href="https://www.benzinga.com/startups/25/01/43101102/elon-musk-the-richest-man-in-the-world-is-estimated-to-earn-over-23-million-every-single-hour-of-the-day-heres-how-hes-spending-it">Elon Musk</a> has always seemed a little otherworldly—whether it's his grand vision for humanity, his relentless work ethic, or his ability to joke about being a time-traveling vampire. But according to his second ex-wife, Talulah Riley, he might actually be one.
In the. 2022 <a href="https://youtube.com/shorts/pF-Q0ZZQVg4?si=2Rut_ksokpPTj_yh">BBC documentary series</a>, "The Elon Musk Show," Riley was asked how she would describe her ex-husband to an alien. Her response was as sharp as it was telling:
"Well, I think of Elon as the alien. I'd say, ‘Meet your fellow countryman,'" she said, laughing. She added that Musk has always seemed to perceive the world differently from others.
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"I always used to think of him as a sort of benevolent alien," she continued. "You know, he would be, ‘Hello.' He could always see the world was going in a way that I just did not understand. And I love having that perspective, and I am grateful for every part of that. I hope he gets humanity to Mars because I think that is his reason for being more than any other."
<h2 class="wp-block-heading">Musk's Obsession With Mars</h2>
Riley's comment wasn't just a joke—it struck at the core of Musk's ultimate mission. For years, he has argued that humanity faces two choices:
"There are two fundamental paths," Musk said in the documentary. "One path is we stay on Earth forever, and there will be some eventual extinction event. The alternative is to become a multi-planet species. That's what we want."
Trending: Many don&#8217;t know there are tax benefits when buying a unit as an investment —<a href="https://www.benzinga.com/money/casa-shares"> Here&#8217;s how to invest in real estate by mirroring BlackRock's big move</a>
This isn't just science fiction to him. SpaceX, the company he founded in 2002, is working aggressively to make <a href="https://www.benzinga.com/25/02/43905539/elon-musk-led-spacex-to-undertake-starships-8th-test-flight-on-friday">interplanetary travel a reality</a>. The company's fully reusable Starship rocket—currently in development—is designed to <a href="https://www.benzinga.com/personal-finance/24/09/40778284/elon-musk-says-almost-anyone-can-afford-a-trip-to-mars-at-100-000-to-500-000-even-if-it-means-se">transport humans to Mars</a>, with Musk envisioning a self-sustaining colony in the next few decades.
His logic? Earth's days are numbered, whether due to natural disasters, nuclear war, or an asteroid impact. Expanding to other planets, he believes, is humanity's only insurance policy.
<h2 class="wp-block-heading">The ‘Time-Traveling Vampire Alien'</h2>
Of course, Musk is no stranger to embracing the idea that he might not be from this planet. When an X user noticed that his profile had been "verified since 3000 BCE," Musk leaned into the joke, replying:
"See, this proves that I'm a time-traveling vampire alien! Even though I'm 5000 years old, I think I look much younger."
<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">See, this proves that I'm a time-traveling vampire alien! Even though I'm 5000 years old, I think I look much younger. <a href="https://t.co/QNgQjaBAp9">https://t.co/QNgQjaBAp9</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1860766441122996246?ref_src=twsrc%5Etfw">November 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
It's the kind of playful response that keeps social media hooked on Musk, but underneath the humor, there's a serious commitment to his Mars mission. Whether it happens in his lifetime or not, Musk is determined to push the limits of what's possible—making Riley's quip about him being an alien seem all the more fitting.
After all, if he succeeds, he won't just be a billionaire or a tech mogul. He'll be the man who took humanity to another planet. And that? That's as alien as it gets.
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'He's The Alien' — Elon Musk's Second Ex-Wife Was Asked To Describe Him To An Alien: 'I'd Say Meet Your Fellow Countryman'

Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) has outperformed the market over the past 5 years by 7.12% on an annualized basis producing an average annual return of 21.4%. Currently, Baker Hughes has a market capitalization of $43.05 billion. 
Buying $1000 In BKR: If an investor had bought $1000 of BKR stock 5 years ago, it would be worth $2,538.15 today based on a price of $43.51 for BKR at the time of writing.
<h3>Baker Hughes's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740699936_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Baker Hughes 5 Years Ago Would Be Worth This Much Today

Macquarie analyst Chad Beynon maintains Rush Street Interactive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>) with a Outperform and maintains $16 price target.

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