Oshidori Intl Holdings Stock (OTC: OSHDF)

Latest news for Oshidori Intl Holdings (OTC:OSHDF) Stock

Oshidori International Holdings Ltd is a Hong Kong-based company that is principally engaged in financial activities. The company's business segments consist of; Financial services including the Provision of securities brokerage, margin financing, placing and underwriting, investment advisory, assets management, and corporate finance advisory services, Tactical and strategical investments including Investment in financial instruments, and Credit and lending services includes Provision of credit and lending services. Geographically, the company operates in Hong Kong.

OSHIDORI INTL HLDGS LTD by OSHIDORI INTL HLDGS LTD.

Oshidori International Holdings Ltd

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index remaining in the &#8220;Neutral&#8221; zone on Wednesday.
U.S. stocks closed lower on Wednesday, with the S&amp;P 500 and the Nasdaq Composite recording their worst day since 2022.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) <a href="https://www.benzinga.com/news/earnings/24/07/39932450/whats-going-on-with-alphabet-stock-wednesday">shares fell 5%</a> on Wednesday despite the company reporting upbeat earnings and sales results for its second quarter. Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/markets/penny-stocks/24/07/39935864/teslas-q2-results-show-the-ev-king-is-under-pressure">dipped 12.3%</a> after the company reported weaker-than-expected earnings for its second quarter, while sales topped estimates.
On the economic data front, the S&amp;P Global composite PMI climbed to 55.0 in July from 54.8 in the prior month. The U.S. trade deficit in goods shrank to $96.84 billion in June versus a $99.37 billion gap in the earlier month. U.S. new home sales declined 0.6% month-over-month to an annualized rate of 617,000 in June.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, communication services, and consumer discretionary stocks recording the biggest losses on Wednesday. However, utilities and healthcare stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 504 points to 39,853.87 on Wednesday. The S&amp;P 500 fell 2.31% at 5,427.13, while the Nasdaq Composite fell 3.64% at 17,342.41 during Wednesday's session.
Investors are awaiting earnings results from Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), and American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 41.1, the index moved to the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 54.3.
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/trading-ideas/long-ideas/24/07/39932485/jim-cramer-calls-axsome-a-double-or-nothing-stock-says-sap-is-incredible">Jim Cramer Calls Axsome A &#8216;Double Or Nothing Stock,&#8217; Says SAP Is &#8216;Incredible</a>&#8216;</li>
</ul>

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

GOOG

GOOGL

TSLA

Nasdaq, S&P 500 Record Worst Session Since 2022 Amid Tesla, Alphabet Selloff: Investor Optimism Decreases Further

The population of Japan is shrinking at an alarming rate, with the latest data revealing a <a href="https://www.benzinga.com/news/24/07/39742934/elon-musks-population-collapse-warning-coming-true-japans-diaper-industry-shifts-focus-to-adults">significant drop in the number of Japanese citizens</a>. This trend could have severe implications for the country&#8217;s economy and social welfare system.
What Happened: The number of Japanese citizens decreased by over 861,000 to 121.6 million in the year leading up to Jan. 1, marking the fastest decline since data collection began in the 1960s, <a href="https://www.bloomberg.com/news/articles/2024-07-25/japanese-population-falls-at-fastest-pace-in-demographic-crisis">reported</a> Bloomberg. This marks the 15th consecutive year of population decline in Japan.
The overall population of Japan, including foreign nationals, shrank by 0.4%. While the foreign population increased by 11% to reach 3 million, it was insufficient to offset the decrease in Japanese nationals.
This demographic shift is posing several challenges for Japan, including a labor shortage. Despite the country&#8217;s unemployment rate consistently remaining below 3%, many businesses are struggling to find enough workers. The service sector alone has nearly three job openings for every worker seeking employment.
A record 260 companies declared bankruptcy in 2023 due to an inability to secure enough workers to sustain operations, according to a report by Teikoku Databank.
Another concern is the strain on Japan&#8217;s social security system, with a decreasing number of taxpayers to support the growing elderly population. The tax and insurance premium revenue is projected to drop by approximately 10% by 2040, complicating the country&#8217;s ability to finance expanding social security expenses, according to a 2018 estimate by Takero Doi.
See Also: <a href="https://www.benzinga.com/news/24/07/39925842/elon-musk-agrees-with-arch-rival-mark-zuckerberg-after-meta-ceo-slams-closed-providers-like-openai-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees With Arch-Rival Mark Zuckerberg After Meta CEO Slams Closed Providers Like OpenAI For Lobbying Against Open Source AI: &#8216;+1 For Zuck&#8217;</a>
Prime Minister Fumio Kishida has pledged to increase the government&#8217;s support per child to a level comparable to Sweden, where 3.4% of GDP is allocated to family benefits to boost Japan&#8217;s declining birthrate.
Why It Matters: The declining birth rates in Japan have been a cause for concern for several years. This trend is starting to have significant economic impacts, as evidenced by the <a href="https://www.benzinga.com/news/24/07/39742934/elon-musks-population-collapse-warning-coming-true-japans-diaper-industry-shifts-focus-to-adults">shift in focus of Japanese diaper manufacturers</a> to the adult market. Companies like Oji Holdings and Daio Paper are experiencing a surge in demand for adult diapers due to Japan&#8217;s aging population and declining birth rates.
Japan&#8217;s population decline has also been highlighted by figures such as Tesla Inc. CEO Elon Musk, who pointed to the ratio of &#8220;adult diapers&#8221; to &#8220;baby diapers&#8221; in Japan as a <a href="https://www.benzinga.com/news/22/08/28448660/days-after-elon-musks-grim-warning-day-care-admissions-in-japan-fall-to-record-low">cause for concern</a>. Data from Tokyo showed that the waiting list for admissions in daycare facilities in Japan stood at a record low, further emphasizing the impact of the declining birth rates.
Japan is not alone in facing these challenges. China and Russia are also grappling with declining populations. In Russia, President Vladimir Putin has <a href="https://www.benzinga.com/news/24/02/37175227/russian-president-urges-citizens-to-have-at-least-two-children-if-we-want-to-survive-as-an-ethnic-gr">urged families to have more children</a>, citing the preservation of the nation&#8217;s ethnic identity as the primary reason behind this appeal. Best-selling author Jim Rickards has also <a href="https://www.benzinga.com/government/23/01/30455673/jim-rickards-says-chinas-population-decline-just-the-start-this-will-be-an-epic-collapse-1">warned about the declining population</a> in China, terming it an &#8220;epic collapse.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39900117/elon-musk-denies-45m-monthly-donation-to-trump-clarifies-true-purpose-of-the-america-pac-in-intervie?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Denies $45M Monthly Donation To Trump, Clarifies True Purpose Of &#8216;The America PAC&#8217; In Interview With Jordan Peterson</a></li>
</ul>
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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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Economics

Is Elon Musk Right About Population Crisis? Japan Faces Fastest Population Drop Since 1960s, Registers 15th Consecutive Year Of Decline

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafe.com%2Fus-en%2F&amp;esheet=54099337&amp;newsitemid=20240725464008&amp;lan=en-US&amp;anchor=Paysafe&amp;index=1&amp;md5=7f0be0cc50622af5d13102449bfee30f">Paysafe</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>), a global payments platform, today announced a new partnership with&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Falchemypay.org%2F&amp;esheet=54099337&amp;newsitemid=20240725464008&amp;lan=en-US&amp;anchor=Alchemy+Pay&amp;index=2&amp;md5=bcc71b310c97e273dd4a15b452261d44">Alchemy Pay</a>, a leading fiat-crypto payment solution provider. In the deal&#39;s first phase, Alchemy Pay has integrated with Paysafe to strengthen its solution for crypto exchanges, Web3 companies and other crypto business partners, by providing their customers with a broad range of payment methods, including Paysafe&#39;s&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.skrill.com%2Fen&amp;esheet=54099337&amp;newsitemid=20240725464008&amp;lan=en-US&amp;anchor=Skrill&amp;index=3&amp;md5=74fd85be8dc1730dd00eacfc60e5ce74">Skrill</a>&nbsp;and&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.neteller.com%2Fen%2F&amp;esheet=54099337&amp;newsitemid=20240725464008&amp;lan=en-US&amp;anchor=NETELLER&amp;index=4&amp;md5=5379be8de7a40e44609bb84474e35108">NETELLER</a>&nbsp;digital wallets.
Through a single integration with Paysafe, Alchemy Pay has added Skrill, NETELLER and multiple third-party local payment methods (LPMs) as payment methods for its&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Falchemypay.org%2Fcrypto-ramps&amp;esheet=54099337&amp;newsitemid=20240725464008&amp;lan=en-US&amp;anchor=Fiat+On-ramp+solution&amp;index=5&amp;md5=e6c2e4ce340a6efd57a3b348654c8cc2">Fiat On-ramp solution</a>.
Users of Skrill or NETELLER across 130 countries1&nbsp;can now easily use 40+ fiat currencies to purchase Bitcoin, Ethereum, and other cryptocurrencies through Alchemy Pay&#39;s Fiat On-ramp product. In addition to offering Paysafe&#39;s own digital wallets, Alchemy Pay is also using Paysafe&#39;s open banking solution in the UK and 15 European countries to allow their partners&#39; customers to purchase crypto using payments direct from their bank accounts.
Alchemy Pay&#39;s Fiat On-ramp product will offer even more options to purchase crypto with the addition of LPMs that have high brand recognition in specific markets, including across Europe. These LPMs combined with Skrill and NETELLER, whose total user-base totals millions globally, expands Alchemy Pay&#39;s payment solution, giving its crypto partners and their customers more payment choices while reducing abandoned transactions and other payment friction.
Later this year, the second phase of the partnership is expected to be rolled-out, with Alchemy Pay integrating more Paysafe payment options in other markets, including Latin America.

PSFE

Paysafe Partners with Alchemy Pay to Expand Fiat-Crypto Payment Options

British American Tobacco H1 Adj. EPS 169.3p Down From 181.6p YoY, Revenue £12.34B Down From £13.44B YoY

The recent tech stock selloff has raised concerns about Wall Street&#8217;s vulnerability to a potential downturn in the Big Tech trade, prompting investors to reconsider their portfolio composition.
What Happened: The market experienced a selloff triggered by disappointing quarterly reports from Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Google-parent Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), causing the tech-heavy Nasdaq Composite to drop 3.6% in its worst day since October 2022.
Senior portfolio manager at GLOBALT, Thomas Martin, indicated that Tesla&#8217;s results served as a wake-up call for investors who realized their portfolios were heavily weighted towards information technology and growthier type companies, Reuters reported. 
&#8220;This was the hair trigger for people saying, &#8216;Wow, I&#8217;ve got way too much exposure to information technology and growthier type companies,'&#8221; he said.
&nbsp;&#8220;The trade &#8230; is to get more diversified.&#8221;
 Jake Dollarhide, chief executive officer of Longbow Asset Management, added, &#8220;We set the bar too high on earnings. Even Alphabet&#8217;s earnings beat, but the market obviously wasn&#8217;t impressed and they didn&#8217;t beat by enough.&#8221;
The selloff follows a prolonged rally in tech and growth companies, including Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), driven by optimism about artificial intelligence technology. These megacap stocks, along with Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), have accounted for approximately a third of the S&amp;P 500&#8217;s 14% gain in 2024.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39923307/senator-cynthia-lummis-slams-biden-administrations-dangerous-scheme-to-impose-30-tax-on-bi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Senator Cynthia Lummis Slams Biden Administration&#8217;s &#8216;Dangerous Scheme&#8217; To Impose 30% Tax On Bitcoin Mining, Call It &#8216;Blatant Attack&#8217; On American Excellence</a>
However, as share prices soared, concerns grew over companies&#8217; stretched valuations, drawing comparisons to <a href="https://www.benzinga.com/top-stories/24/07/39601364/ai-surge-sparks-fears-of-dot-com-like-bubble-burst">the dot-com bubble</a> of more than two decades ago. The S&amp;P 500 is trading near 22 times expected earnings, its highest in over two years, and well above its 10-year average of 18.
Signs of nervousness around tech stocks have been evident in recent weeks, with hedge funds reducing their market exposure amid fears that gains from earlier this year could evaporate if sentiment around tech stocks changed.
However, some like Tim Ghriskey, senior portfolio strategist at New York-based Ingalls &amp; Snyder, feel the pullback is a short-term phenomenon and could reverse &#8220;if we see some good numbers in the coming days.&#8221;
Why It Matters: The recent tech selloff has had a significant impact on key tech suppliers. For instance, South Korea's SK Hynix, a major supplier to NVIDIA, saw its<a href="https://www.benzinga.com/markets/asia/24/07/39948132/key-nvidia-supplier-sk-hynix-stock-drops-nearly-8-following-us-tech-sell-off-despite-record-quarterl"> stock drop nearly 8% </a>following the U.S. tech sell-off, despite reporting its highest quarterly profit since 2018.
The disappointing earnings from mega tech companies have wiped out <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39938672/us-stocks-tumble-magnificent-7-wipe-out-570-billion-as-mega-tech-earnings-disappoint-vix-s">over $570 billion </a>in their combined market valuation, with Tesla shares plummeting over 11% after missing earnings expectations.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39883677/investors-anticipate-unraveling-of-trump-trade-as-biden-exits-presidential-race-but-analyst-says-its?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Anticipate Unraveling Of &#8216;Trump Trade&#8217; As Biden Exits Presidential Race, But Analyst Says &#8216;It&#8217;s &nbsp;A Bit Too Early For The Markets To Declare Victory For Trump&#8217;</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Analyst Color

Tech

General

AAPL

AMZN

MSFT

NVDA

Tesla, Apple's Lackluster Reports Cause 'Hair Trigger' For Investors To Rethink Tech-Heavy Portfolios: 'We Set The Bar Too High'

Macro Economic Events

Econ #s

Germany Ifo Business Climate Index For July 87.0 Vs. 88.9 Est.; 88.6 Prior

Germany Current Assessment For July 87.1 Vs. 88.5 Est.; 88.3 Prior

Germany Business Expectations For July 86.9 Vs. 89.0 Est.; 88.8 (Revised) Prior

Lake Shore Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSBK#NASDAQ">LSBK</a>) reported quarterly earnings of $0.19 per share. This is a 35.71 percent increase over earnings of $0.14 per share from the same period last year. The company reported $5.94 million in sales this quarter. This is a 12.16 percent decrease over sales of $6.77 million the same period last year.

LSBK

Reported Wednesday, Lake Shore Bancorp Q2 EPS $0.19 Up From $0.14 YoY, Sales $5.94M Down From $6.77M YoY

Five Star (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSBC#NASDAQ">FSBC</a>) reported quarterly earnings of $0.51 per share which beat the analyst consensus estimate of $0.49 by 4.08 percent. This is a 31.08 percent decrease over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $30.66 million which beat the analyst consensus estimate of $28.67 million by 6.96 percent. This is a 0.88 percent increase over sales of $30.40 million the same period last year.

FSBC

Reported Wednesday, Five Star Q2 EPS $0.51 Beats $0.49 Estimate, Sales $30.66M Beat $28.67M Estimate

Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) will release its financial results for the second quarter, before the <a href="https://www.benzinga.com/quote/LUV/earnings">opening bell on Thursday, July 25.</a>
Analysts expect the Dallas, Texas-based company to report quarterly earnings at 51 cents per share, up from $1.09 per share in the year-ago period. Southwest Airlines is expected to post revenue of $7.32 billion, compared to $7.04 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
In June, a Southwest Airlines flight took off from a closed runway, prompting investigations from U.S. safety officials.
Southwest Airlines shares fell 2.1% to close at $26.61 on Wednesday.
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/LUV/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Deutsche Bank analyst Michael Linenberg maintained a Buy rating and cut the price target from $37 to $32 on July 8. This analyst has an accuracy rate of 75%.</li>
<li>Citigroup analyst Stephen Trent maintained a Neutral rating and increased the price target from $27.5 to $29 on June 17. This analyst has an accuracy rate of 67%.</li>
<li>Argus Research analyst John Staszak downgraded the stock from Buy to Hold on May 28. This analyst has an accuracy rate of 67%.</li>
<li>Susquehanna analyst Christopher Stathoulopoulos maintained a Neutral rating and cut the price target from $27 to $25 on April 30. This analyst has an accuracy rate of 73%.</li>
<li>Jefferies analyst Sheila Kahyaoglu downgraded the stock from Hold to Underperform and slashed the price target from $28 to $20 on April 29. This analyst has an accuracy rate of 70%.</li>
</ul>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39932485/jim-cramer-calls-axsome-a-double-or-nothing-stock-says-sap-is-incredible">Jim Cramer Calls Axsome A &#8216;Double Or Nothing Stock,&#8217; Says SAP Is &#8216;Incredible</a>&#8216;</li>
</ul>

Price Target

Analyst Ratings

Southwest Airlines Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Northfield Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFBK#NASDAQ">NFBK</a>) reported quarterly earnings of $0.14 per share which met the analyst consensus estimate. This is a 36.36 percent decrease over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $28.69 million which beat the analyst consensus estimate of $28.09 million by 2.13 percent. This is a 7.94 percent decrease over sales of $31.16 million the same period last year.

NFBK

Reported Wednesday, Northfield Bancorp Q2 EPS $0.14, Inline, Sales $28.69M Beat $28.09M Estimate

In a recent development, North Korea has reportedly launched approximately 500 trash-filled balloons into South Korean airspace, causing flight disruptions and a rooftop fire within the last 24 hours.
What Happened: These balloons are part of an ongoing propaganda campaign by North Korea against defectors and activists in South Korea, Reuters reported on Thursday. These individuals often send balloons carrying anti-Pyongyang leaflets, medicine, money, and USB sticks loaded with K-pop videos and dramas to North Korea.
Seoul&#8217;s Gimpo Airport had to suspend take-offs and landings for two hours on Wednesday evening due to a suspected balloon, as confirmed by an official at the Korea Airports Corporation. South Korea&#8217;s main international airport, Incheon, has also experienced several disruptions in recent weeks due to these balloons.
South Korea&#8217;s military revealed that some of these trash balloons were equipped with timed poppers that could potentially cause fires. 
&#8220;A timer is attached to the trash balloons, which has the effect of popping the balloons and spreading the trash after a certain period of time has passed,&#8221; said Lee Sung-jun, a spokesperson for South Korea&#8217;s Joint Chiefs of Staff.
In Gyeonggi, a province near Seoul, a balloon ignited a fire on a residential building&#8217;s rooftop, which was subsequently extinguished by firefighters, according to an official at the Gyeonggi Northern Fire and Disaster Headquarters.
See Also: <a href="https://www.benzinga.com/general/politics/24/07/39916075/j-d-vance-venture-capital-background-under-scrutiny-it-never-seemed-like-he-was-even-working-it-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">J.D. Vance Venture Capital Background Under Scrutiny: &#8216;It Never Seemed Like He Was Even Working, It Felt His Full-Time Job Was The Book&#8217;</a>
Why It Matters: Since late May, North Korea has been <a href="https://www.benzinga.com/news/24/06/39473661/kim-jong-uns-north-korea-resends-trash-filled-balloons-across-border-seoul-warns-retaliation-with-an">launching trash-filled balloons</a> into South Korea, in retaliation to South Korean activists sending political leaflets via balloons. 
On Wednesday, North Korean balloons were found near the heavily guarded presidential office in Seoul, raising security concerns. This comes after <a href="https://www.benzinga.com/news/24/07/39773674/kim-jong-uns-sister-warns-south-korea-must-be-ready-for-paying-a-very-high-priceover-leafleting-camp">warnings from </a><a href="https://www.benzinga.com/news/24/07/39773674/kim-jong-uns-sister-warns-south-korea-must-be-ready-for-paying-a-very-high-priceover-leafleting-camp">Kim Yo Jong</a>, the sister of North Korean leader Kim Jong Un, about South Korea's "dirty play" in the leafleting campaign. In response, South Korea has resumed its <a href="https://www.benzinga.com/24/07/39859677/south-korea-resumes-propaganda-broadcasts-in-response-to-kim-jong-uns-north-korea-sending-trash-carr">anti-Pyongyang propaganda broadcasts</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39925959/kim-jong-un-rejects-donald-trumps-friendship-claims-north-korea-says-we-do-not-care-expresses-nuclea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kim Jong Un Rejects Donald Trump&#8217;s Friendship Claims? North Korea Says &#8216;We Do Not Care,&#8217; Expresses Nuclear Readiness Amid Rising Tension With US</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

Kim Jong Un's North Korea Sent Nearly 500 Trash Balloons To South Korea In Last 24 Hours, Disrupting Flights And Causing Rooftop Fire

The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol &quot;ORKT&quot; on July 25, 2024. The Offering is expected to close on July 26, 2024, subject to customary closing conditions.

IPOs

ORKT

Reported Earlier, OrangeKloud Technology Prices $13.1M Initial Public Offering Of 2.75M Class A Common Shares At $4.75/Share

Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, given the increasing costs, administrative requirements and managerial time required to maintain a dual listing, has requested a voluntary delisting from the Euronext Paris. 
For the avoidance of doubt, holders of SLB Euronext Shares will be able to trade on Euronext Paris until August 16, 2024 (the last trading date prior to the delisting).

Reported Earlier, SLB To Voluntarily Delist From Euronext Paris, Citing Low Trading Volumes And Increased Costs

Helix Energy Solns Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.13 by 61.54 percent. This is a 320 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $364.80 million which beat the analyst consensus estimate of $339.20 million by 7.55 percent. This is a 18.13 percent increase over sales of $308.82 million the same period last year.

Reported Wednesday, Helix Energy Solns Gr Q2 EPS $0.21 Beats $0.13 Estimate, Sales $364.80M Beat $339.20M Estimate

Investors have a strong opinion on Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) unlike other companies such as LVMH Moët Hennessy Louis Vuitton SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>) or Eli Lilly and Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), former Tesla Investor Relations head Martin Viecha said on Wednesday and company CEO Elon Musk agrees.
What Happened: &#8220;One of the great things about speaking with investors about Tesla is that &#x2A;everyone&#x2A; has an opinion about this company, often a strong one,&#8221; Viecha wrote on X, formerly Twitter.
People, however, do not have such strong opinions on Dior&#8217;s parent LVMH, or pharmaceutical company Eli Lilly known for its diabetes and clinical depression drugs, he added.
Musk agreed to Viecha, with a short, &#8220;Yeah.&#8221;
<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">Yeah
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1816305620460466269?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Possible Reasons For Heightened Interest: LVMH is smaller than Tesla in terms of market capitalization. The company, listed on the Euronext Paris stock exchange, has a market capitalization of less than $400 billion, as compared to Tesla which has a market cap of $690 billion as of last close.
Eli Lilly and Company, meanwhile, has a market cap of $774.24 billion as of its previous close, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Tesla&#8217;s valuation <a href="https://www.benzinga.com/news/earnings/24/07/39932395/tesla-stock-is-sliding-wednesday-whats-going-on">took a hit on Wednesday</a> after the company <a href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l">announced second-quarter</a> EPS below consensus estimates and shrinking profit margins after market close on Tuesday. The stock closed 12.3% lower at $215.99 on Wednesday, removing about $100 billion from its market value.
Further, Tesla, unlike the other two, <a href="https://www.benzinga.com/markets/equities/24/07/39899899/elon-musk-posts-ai-video-featuring-xi-jinping-with-controversial-winnie-the-pooh-reference-will-">has a controversial CEO</a>, known as much for his companies as his opinions on political and social matters. 
Viecha&#8217;s Stint With Tesla: Viecha&nbsp;publicly&nbsp;<a href="https://www.benzinga.com/news/24/04/38395808/teslas-high-profile-departures-continue-as-investor-relations-head-martin-viecha-bids-farewell-after" target="_blank" rel="noreferrer noopener">announced his departure</a>&nbsp;during Tesla&#8217;s first-quarter earnings call in April. While he did not specify his departure timeline then, he indicated that he would not participate in the second quarter's earnings call. The executive subsequently left the company in June. 
He was <a href="https://www.benzinga.com/news/24/06/39517357/former-tesla-executive-martin-viecha-drives-home-absurdly-fast-model-3-performance-with-fsd-after-co">replaced by</a> Travis Axelrod. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39924838/alphabet-commits-to-another-5b-investment-in-waymo-tesla-ceo-elon-musk-takes-jibe-at-cash-burn-in-un" target="_blank" rel="noreferrer noopener">Alphabet Commits To Another $5B Investment In Waymo: Tesla CEO Elon Musk Takes Jibe At Cash Burn In Unit</a></li>
</ul>
Photo via Shutterstock

LVMHF

Elon Musk Agrees With Former Executive Who Thinks 'Everyone' Has 'Strong' Opinions On Tesla Unlike In The Case Of Eli Lilly And LVMH

RHHBF

RHHBY

RHHVF

Roche Holding H1 Adj. EPS CHF 10.23 Up From CHF 10.10 YoY, Revenue CHF 29.85B Up From CHF 29.78B YoY

Patterson-UTI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTEN#NASDAQ">PTEN</a>) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.09 by 66.67 percent. This is a 93.02 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $1.35 billion which missed the analyst consensus estimate of $1.42 billion by 5.07 percent. This is a 77.63 percent increase over sales of $758.88 million the same period last year.

PTEN

Reported Wednesday, Patterson-UTI Energy Q2 EPS $0.03 Misses $0.09 Estimate, Sales $1.35B Miss $1.42B Estimate

Taiwan&#8217;s Premier Cho Jung-tai has announced a sweeping economic and social reform plan, aiming to attract nearly $100 billion in investments. This comes after former President Donald Trump said <a href="https://www.benzinga.com/news/24/07/39807774/trump-says-taiwan-should-pay-us-for-defense-ex-presidents-remark-triggers-fall-in-tsmc-shares">&#8220;Taiwan should pay us for defense.&#8221;</a>
What Happened: The reform plan would focus on energy, artificial intelligence, and infrastructure. The strategy includes appealing to Taiwanese investors disillusioned with conducting business in China, a trend the government aims to capitalize on, said Premier Cho in an <a href="https://asia.nikkei.com/Editor-s-Picks/Interview/Taiwan-s-premier-pushes-100bn-economic-reform-unfazed-by-opposition">interview</a> with Nikkei Asia.
The plan is in line with President Lai Ching-te&#8216;s vision of a &#8220;smarter, forward-looking sustainability,&#8221; exploring ocean and space industries, and enhancing Taiwan&#8217;s global presence.
Despite the opposition&#8217;s majority in parliament, Cho is determined to push forward with the reform, which aims to revitalize the Democratic Progressive Party following Lai&#8217;s re-election in January.
The plan includes the establishment of an Economic Development Commission, chaired by Cho, to oversee a $100 billion investment in development.
See Also: <a href="https://www.benzinga.com/news/24/07/39880470/elon-musk-pushes-back-optimus-timeline-says-teslas-humanoid-robot-will-hopefully-be-available-for-ot?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Pushes Back Optimus Timeline, Says Tesla&#8217;s Humanoid Robot Will &#8216;Hopefully&#8217; Be Available For Other Companies By 2026</a>
Cho also emphasized the need to address concerns over livelihoods and housing and to attract Taiwanese investors who have turned away from China&#8217;s business environment. He stated, &#8220;China is no longer an attractive investment environment from a legal or political point of view. Many Taiwanese companies are coming back to Taiwan.&#8221;
Another top priority for Cho is energy security. From 2023 to 2026, many existing power plants are scheduled to shut down, making it a critical period. 
Next year, the last reactor at Taiwan&#8217;s Third Nuclear Power Plant is scheduled for retirement. However, Cho indicated that a proposal to extend nuclear service should have been made five years ago. While the government is open to exploring future atomic energy systems, he emphasized that &#8220;tomorrow&#8217;s technologies won&#8217;t help our power demand today.&#8221;
The urgency has intensified as NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), the world&#8217;s leading AI chip developer, along with contract manufacturer and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) biggest iPhone assembler Foxconn Technology Group and server maker Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), announced plans to build new supercomputer or AI data centers in Taiwan. Additionally, Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and other chipmakers are expanding their capacity.
Why It Matters: The announcement comes at a critical time for Taiwan, which is <a href="https://www.benzinga.com/news/24/07/39878513/nvidia-apple-supplier-tsmc-and-other-us-listed-taiwan-stocks-trading-lower-in-pre-market-after-biden">navigating complex geopolitical</a> and economic challenges. 
Recently, U.S. President Joe Biden&#8216;s withdrawal from the presidential race led to a dip in shares of major Taiwanese companies like TSMC. This underscores the volatility and sensitivity of Taiwan&#8217;s market to international political events. Former President Donald Trump&#8216;s recent comments suggesting <a href="https://www.benzinga.com/markets/equities/24/07/39837493/trump-says-taiwan-should-pay-for-its-defense-to-us-but-if-china-invades-taipei-it-will-be-catast">Taiwan should pay for its defense</a> have raised concerns about the future of U.S. support. 
Moreover, the rapid growth of AI technologies is putting pressure on Taiwan&#8217;s infrastructure. Chief Telecom&#8216;s President Jacky Liu has called for a <a href="https://www.benzinga.com/news/24/07/39810790/as-nvidia-microsoft-and-google-lead-ai-boom-taiwans-chief-telecom-president-calls-for-entirely-new-d">complete redesign of data centers</a> to meet the demands of AI computing, highlighting the urgent need for infrastructure upgrades.
President Lai Ching-te has also publicly thanked Micron Technology Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) CEO for ongoing <a href="https://www.benzinga.com/news/24/07/39748984/taiwans-president-expresses-gratitude-to-micron-ceo-for-ongoing-investment">investments in Taiwan</a>, emphasizing the importance of foreign investment in sustaining Taiwan&#8217;s technological edge.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39883138/trump-vs-harris-first-poll-post-biden-exit-shows-majority-approval-potential-impact-on-tru?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump vs. Harris: First Poll Post-Biden Exit Shows Majority Approval; Potential Impact On Trump&#8217;s Chances; US Cybersecurity Official Criticizes CrowdStrike&#8217;s Faulty Microsoft Windows Update &#8211; Top Headlines Today</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Taiwan Unveils $100B Economic Reform Plan After Trump Said It Should 'Pay Us For Defense:' Will Fuel Nvidia, TSMC And Apple iPhone Assembler's AI Plans

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