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PHC Holdings Corp

In a novel move, Xi Jinping&#8217;s China has launched its first university degree program centered on marriage. The comprehensive curriculum includes courses on matchmaking, wedding planning, and marriage counseling.
What Happened: The Beijing-based Vocational University of Civil Affairs, under China&#8217;s Ministry of Civil Affairs, is introducing a four-year program in marriage services and management, CNBC <a href="https://www.cnbc.com/2024/08/02/chinas-first-university-degree-in-marriage-offers-courses-like-matchmaking.html">reported</a> on Friday. The program, according to Yu Xiaohui, the dean of the university&#8217;s School of Wedding Culture and Media Arts, is intended to encompass &#8220;the entire cycle of marriage and family.&#8221;
The curriculum covers a wide range of subjects, including sociology, wedding venue design, family ethics, the economics of the marriage industry, and family policies. Additionally, students will gain practical experience through internships at agencies specializing in weddings, matchmaking, marriage registration, and counseling.
The program, which begins enrollment in September, aims to address a talent shortage in the marriage services market. In its inaugural year, the university plans to admit 70 undergraduates from 12 provinces, as announced by the university&#8217;s vice president, Zhao Honggang.
See Also: <a href="https://www.benzinga.com/markets/asia/24/07/40021841/us-tariff-on-chinese-solar-panels-creates-level-playing-field-says-first-solar-ceo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Tariff On Chinese Solar Panels Creates &#8216;Level Playing Field,&#8217; Says First Solar CEO</a>
Why It Matters: This educational initiative comes at a time when new marriages in China have seen a 12.4% surge in 2023, breaking a nine-year streak of declines. Despite this, over half of the Chinese population aged 25 to 29 remains unmarried, and late marriages are becoming increasingly common. The new institution also offers degrees in smart health care management, social work, rehabilitation assistive device technology, and funeral management. 
This move aligns with <a href="https://www.benzinga.com/economics/macro-economic-events/24/01/36732969/chinas-growth-stumbles-but-it-still-offers-enormous-advantages-for-investors-says">China&#8217;s ongoing efforts </a>to adapt to its changing demographic and economic landscape. The country&#8217;s economic growth has slowed, and it faces challenges in its youth unemployment rate and real estate sector. However, as emphasized by JPMorgan Asia Pacific CEO Sjoerd Leenart, China&#8217;s economic performance <a href="https://www.benzinga.com/markets/asia/24/05/38980045/you-cant-ignore-says-jpmorgan-apac-ceo-highlighting-beijings-significance-in-global-economy-you-have">continues to significantly impact</a> industries worldwide, making it a crucial player in the global economy. 
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
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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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

News

Politics

Global

General

As China Deals With Population Crisis, Xi Jinping's Nation Launches First University Degree Program That Covers Matchmaking, Wedding Planning And Marriage Counseling

The Federal Communications Commission&#8217;s reinstatement of <a href="https://www.benzinga.com/general/politics/17/12/10865684/survey-heres-how-americans-feel-about-net-neutrality">net neutrality</a> rules has been temporarily halted by a U.S. appeals court, marking a significant setback to the Biden administration&#8217;s efforts.
What Happened: On Thursday, the Sixth Circuit U.S. Court of Appeals imposed a temporary stop on the FCC&#8217;s net neutrality rules, reported Reuters. The court thinks that broadband providers are likely to succeed in their legal challenge against these rules.
&#8220;The final rule implicates a major question, and the commission has failed to satisfy the high bar for imposing such regulations,&#8221; the court wrote. &#8220;Net neutrality is likely a major question requiring clear congressional authorization.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/07/40003033/elon-musk-blocked-vampires-fame-james-wood-for-slamming-his-blocking-ban-now-the-actor-cant-stop-sin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Blocked &#8216;Vampires&#8217; Fame James Woods For Slamming His Blocking Ban, Now The Actor Can&#8217;t Stop Singing Praises Of The X Owner</a>
In April, the FCC voted&nbsp;to reassume regulatory oversight of&nbsp;broadband internet and reinstate open&nbsp;internet rules that were rescinded under former President Donald Trump. 
However, the court has now scheduled oral arguments for late October or early November on this issue.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
In response to the decision, FCC Chair&nbsp;Jessica Rosenworcel&nbsp;stated,&nbsp;&#8220;The American public wants an&nbsp;internet that is fast, open,&nbsp;and fair. Today's decision by&nbsp;the Sixth Circuit is a&nbsp;setback but we will not&nbsp;give up the fight for&nbsp;net neutrality.&#8221;
Why It Matters: Net neutrality rules mandate&nbsp;internet service providers to treat&nbsp;all&nbsp;internet data and users equally. They are prohibited from restricting access, slowing speeds,&nbsp;or blocking content for certain&nbsp;users. 
The rules also prevent ISPs from giving&nbsp;improved network speeds or access&nbsp;to favored users.
The rules would prohibit internet service providers from blocking or throttling access to specific websites or engaging in paid prioritization of lawful content, while also granting the FCC new powers to regulate Chinese telecom companies and monitor internet service outages, the report noted.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/07/40031960/microsofts-windows-reportedly-warns-users-to-backup-their-data-in-the-cloud-to-have-peace-of-mind-bu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft&#8217;s Windows Reportedly Warns Users To Backup Their Data In The Cloud To Have &#8216;Peace Of Mind&#8217; — But At What Price?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: <a href="https://www.flickr.com/photos/josephgruber/15109096143/">Joseph Gruber</a> via Flickr

Government

Regulations

Legal

Tech

US Appeals Court Halts President Biden's Net Neutrality Rules: 'The Commission Has Failed To Satisfy The High Bar For Imposing Such Regulations'

CareTrust REIT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NASDAQ">CTRE</a>) reported quarterly earnings of $0.36 per share which met the analyst consensus estimate. The company reported quarterly sales of $68.891 million which beat the analyst consensus estimate of $54.220 million by 27.06 percent. This is a 33.63 percent increase over sales of $51.553 million the same period last year.

Earnings

Earnings Beats

CTRE

CareTrust REIT Q2 2024 FFO $0.36, Inline, Sales $68.891M Beat $54.220M Estimate

Cavco Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVCO#NASDAQ">CVCO</a>) reported quarterly earnings of $4.11 per share which missed the analyst consensus estimate of $4.70 by 12.55 percent. This is a 22.31 percent decrease over earnings of $5.29 per share from the same period last year. The company reported quarterly sales of $477.599 million which beat the analyst consensus estimate of $462.321 million by 3.30 percent. This is a 0.36 percent increase over sales of $475.875 million the same period last year.

Earnings Misses

CVCO

Cavco Indus Q1 2025 GAAP EPS $4.11 Misses $4.70 Estimate, Sales $477.599M Beat $462.321M Estimate

Vice President Kamala Harris reportedly played a significant role in negotiating a prisoner-swap deal with international allies.
What Happened: Harris held separate discussions with German Chancellor Olaf Scholz and Slovenian Prime Minister Robert Golob during the Munich Security Conference in February, Wall Street Journal <a href="https://www.wsj.com/livecoverage/evan-gershkovich-free-russia-hostage-exchange/card/kamala-harris-played-role-in-prisoner-swap-GJOISZWY48oePDmuhvY6?mod=e2tw">reported</a> on Thursday. The goal of these meetings was to encourage both leaders to facilitate the prisoner exchange, a White House official disclosed.
The Vice President&#8217;s dialogue with Scholz was especially vital as the release of Krasikov, a primary Russian demand, depended on it. Harris&#8217;s established rapport with Scholz was a contributing factor to their effective conversation. Harris&#8217;s meeting with Golob, her first, was the highest-level U.S. engagement with the Slovenian government at the time.
See Also: <a href="https://www.benzinga.com/general/politics/24/07/40070258/trump-vs-harris-election-forecaster-with-9-out-of-10-accurate-predictions-gives-this-candidate-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Election Forecaster With 9 Out Of 10 Accurate Predictions Gives This Candidate The Edge In 2024 Race</a>
Additionally, Harris had a<a href="https://www.benzinga.com/news/24/08/40120812/kamala-harris-spoke-to-alexey-navalnys-widow-after-prisoner-release-some-freed-worked-with-oppositio"> conversation with Yulia Navalnaya</a>, widow of Alexey Navalny. Some Russian political prisoners associated with Navalny were released as part of the swap, the White House official confirmed.
Why It Matters: This prisoner-swap deal <a href="https://www.benzinga.com/news/24/08/40101351/russia-frees-wsj-reporter-evan-gershkovich-and-ex-marine-paul-whelan-in-major-prisoner-swap-with-us">led to the release</a> of Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan, who were imprisoned in Russia on espionage charges, as part of a significant prisoner exchange with the U.S.
Following the<a href="https://www.benzinga.com/news/24/08/40122034/joe-biden-and-kamala-harris-greet-evan-gershkovich-and-paul-whelan-at-joint-base-andrews-following-l"> landmark prisoner swap</a>, President Joe Biden and Harris welcomed Gershkovich and the other returnees at Joint Base Andrews in Maryland.
The prisoner exchange has not been without controversy. Former President Donald Trump <a href="https://www.benzinga.com/news/24/08/40121063/trump-slams-russia-prisoner-exchange-we-never-make-good-deals-biden-responds-why-didnt-he-do-it-when">criticized the deal,</a> using the detention of Americans in Russia as a point of attack against Biden. However, White House officials clarified that the deal did not involve a cash exchange.
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</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>

Kamala Harris Reportedly Played Crucial Role In Prisoner Exchange That Brought WSJ Journalist And Former Marine Back Home

<ul>
<li>Approved for advanced MAGE-A4+synovial sarcoma in adults with certain HLA types who have received prior chemotherapy</li>
<li>TECELRA is the first new treatment option for people with synovial sarcoma in more than a decade</li>
</ul>

ADAP

Reported Earlier, Adaptimmune's TECELRA Gains U.S. FDA Accelerated Approval As First Engineered Cell Therapy For Solid Tumors

The CEO of Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Brian Armstrong, highlighted a notable shift in political support for cryptocurrencies, ruling out disproportionate support from any one particular party.
What Happened: During the company&#8217;s second-quarter 2024 earnings call, Armstrong was asked about the shifting dynamics in the U.S. political landscape with regards to cryptocurrencies, and whether he foresees more problems for the industry if Democrats secure another term. 
Armstrong replied by saying that cryptocurrency is a non-partisan issue, and advocates from both sides of the political spectrum have championed its cause.
We feel very lucky that this political constituency is now being taken seriously in D.C.,&#8221; the billionaire CEO stated. &#8220;I think it was a group of people that felt underserved in the past, and they felt like their industry was being attacked. And that&#8217;s—we&#8217;ve seen a shift from both sides.&#8221;
The Coinbase CEO&#8217;s remarks follow former President Donald Trump&#8217;s positive comments about cryptocurrencies at Bitcoin Nashville. Armstrong views this as a sign of a &#8220;monumental shift&#8221; in the political constituency&#8217;s perception of the crypto industry.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40089232/dogecoins-real-bull-run-has-not-even-begun-yet-says-trader-as-memecoin-battles-stagnation?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin&#8217;s Real Bull Run Has &#8216;Not Even Begun Yet,&#8217; Says Trader As Memecoin Battles Stagnation</a>
Why It Matters: Armstrong&#8217;s comments come after investment bank Citi upgraded <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39923754/bidens-exit-spurs-bullish-outlook-citi-upgrades-coinbase-amid-favorable-crypto-regulatory-">shares of the cryptocurrency exchange , from neutral to buy last week</a>, anticipating an improved regulatory landscape for cryptocurrency assets in the U.S.
Coinbase reported its Q2 earnings Thursday, which revealed a revenue beat despite a fall in transaction revenue. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) accounted for 35% of the total trading volumes and 31% of transaction revenues in the quarter.
Interestingly, before the earnings release, Cathie Wood-led Ark Invest<a href="https://www.benzinga.com/markets/equities/24/07/40088574/cathie-wood-led-ark-invest-buys-47-5m-of-amd-shares-and-12-7m-of-this-meta-platforms-rivals-stoc"> dumped 12,077 shares in&nbsp;Coinbase&nbsp;from its ARKW ETF,</a> amounting to a sale value of roughly $2.7 million.
Price Action: The Coinbase stock pumped 3.23% in after-hours trading. Shares of the company closed 5.22% lower at 212.64 during Thursday&#8217;s regular session.
Image By TechCrunch Via Flickr 
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>

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

Cryptocurrency

Markets

$BTC

COIN

Coinbase CEO Brian Armstrong Was Asked If Another Democratic Administration Would Prove Difficult For Crypto Industry, Here's What He Said

Chinese EV giant BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) said on Thursday that the company sold 340,799 new energy passenger vehicles, marking a jump of nearly 31% from last year, despite a <a href="https://www.benzinga.com/news/24/08/40091775/tesla-ceo-elon-musk-says-warren-buffett-backed-ev-maker-byd-should-change-approach-to-autonomy-fast">drop in battery electric vehicle (BEV) sales.</a>
What Happened: Pure EV sales of the Chinese player fell to 130,000 units in July, marking a nearly 4% dip from the corresponding month of last year, and raising concerns about dwindling EV demand. This is the lowest EV sales recorded by the company in five months since February when the company sold just 54,908 BEV passenger vehicles. 
The fall in BEV sales during the month, however, was offset by a 67% year-on-year rise in plug-in hybrid vehicle sales. 
BYD, backed by Warren Buffett-led Berkshire Hathaway, is the biggest rival to American EV giant Tesla Inc. The company <a href="https://www.benzinga.com/news/24/01/36839203/warren-buffett-backed-byd-sees-higher-profits-for-fy23-after-taking-over-tesla-as-biggest-ev-seller">took over Tesla</a> as the world&#8217;s largest BEV seller in the fourth quarter of 2023. However, Tesla took back the crown in the first quarter of 2024 and has been holding on to it since.
Competition In EV Sales: U.S.-listed Chinese EV startups Nio Inc,&nbsp;Li Auto, and&nbsp;XPeng also reported their July delivery numbers on Thursday with Li Auto <a href="https://www.benzinga.com/news/24/08/40091882/chinese-ev-maker-li-auto-delivers-record-51-000-vehicles-in-july">topping among the three</a> by a significant margin.
Li Auto&nbsp;said on Thursday that it delivered a record 51,000 vehicles in July, marking a 49.4% jump year-over-year.
XPeng&nbsp;also witnessed its deliveries rise in July but couldn't keep up with Li Auto's pace. The company delivered 11,145 vehicles last month, marking an increase of 1% year-over-year.
Shanghai-based&nbsp;Nio, meanwhile, delivered 20,498 vehicles in July, including 11,964 SUVs and 8,534 sedans. This marks a meager 0.2% rise from its sales in July 2023.
Geely&#8217;s luxury EV brand Zeekr&nbsp;Intelligent Technology Holding Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>), meanwhile, saw EV deliveries rise 30% year-over-year to 15,655 units in July.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/08/40122694/elon-musk-dreams-of-tesla-making-a-drivetrain-every-second-5x-faster-than-right-now">Elon Musk Dreams Of Tesla Making A Drivetrain Every Second, 5X Faster Than Right Now</a></li>
</ul>
Photo via Shutterstock

BYDDF

BYDDY

Warren Buffett-Backed BYD's Pure EV Sales Drop To Lowest In Five Months In July While Hybrid Vehicle Sales Surge 67%

<ul>
<li>Funding Extends Company&#39;s Cash Runway into&nbsp;Second Quarter&nbsp;2025, which is beyond the Anticipated Timing for SHIELD II Top-line Results if Warrants are Fully Exercised</li>
<li>More than&nbsp;300 Patients Enrolled in Ongoing SHIELD II Phase 3 Trial of&nbsp;D-PLEX100&nbsp;for the Prevention of Abdominal Colorectal Surgical Site Infections</li>
<li>Unblinded Interim Analysis to be Conducted Once Approximately 400 PatientsComplete Their 30-Day Follow-up Expected in&nbsp;Fourth Quarter&nbsp;of 2024; Top-Line Results Anticipated in&nbsp;First Quarter&nbsp;of 2025</li>
</ul>

PYPD

Reported Earlier, PolyPid Secures Up To $14M In Private Placement To Extend Cash Runway To Q2 2025

Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is expected to release earnings results for its second quarter, before the opening <a href="https://www.benzinga.com/quote/CVX/earnings">bell on Friday, Aug. 2.</a>
Analysts expect the San Ramon, California-based company to report quarterly earnings at $2.93 per share, down from $3.28 per share in the year-ago quarter. Chevron is projected to report quarterly revenue of $50.80 billion, compared to $48.9 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Exxon Mobil and its partner CNOOC Ltd have filed arbitration claims, asserting their right of first refusal to any sale of Hess Corp&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) stake in a Guyana oil-producing joint venture. This move could potentially hinder Chevron&#8217;s proposed $53 billion <a href="https://www.benzinga.com/markets/equities/24/08/40091118/chevrons-53b-hess-deal-faces-uncertainty-amid-exxon-and-cnooc-arbitration-claims">acquisition of Hess</a>.
Chevron shares fell 4.9% to close at $152.62 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/CVX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b59ca8b85e930001267b7c/bob-brackett">Bernstein analyst Bob Brackett</a> downgraded the stock from Outperform to Market Perform and cut the price target from $183 to $167 on July 17. This analyst has an accuracy rate of 67%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59282ae6290fa7000185325c/nitin-kumar">Mizuho analyst Nitin Kumar</a> maintained a Buy rating and raised the price target from $200 to $205 on May 13. This analyst has an accuracy rate of 69%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/605db899dbb1f500014cd1d3/jason-gabelman">TD Cowen analyst Jason Gabelman</a> maintained a Hold rating and boosted the price target from $155 to $160 on April 29. This analyst has an accuracy rate of 72%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586cf169351b9b0001a30554/ryan-todd">Piper Sandler analyst Ryan Todd</a> maintained an Overweight rating and raised the price target from $180 to $204 on April 18. This analyst has an accuracy rate of 73%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5a09bf4eefacff00012b1861/justin-jenkins">Raymond James analyst Justin Jenkins</a> maintained an Outperform rating and increased the price target from $170 to $174 on April 15. This analyst has an accuracy rate of 79%.</li>
</ul>
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</ul>

Price Target

Analyst Ratings

Trading Ideas

Chevron Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

&nbsp;Marriott International, Inc. recently announced that it has signed an agreement with Zhong An Commercial Group, part of China New City Group, to bring the W Hotels brand to&nbsp;Hangzhou. Anticipated to open in 2031,&nbsp;W Hangzhou&nbsp;will be located at the northwest intersection of Minhe Road and Liyi Road in Qianjiang Century City,&nbsp;Hangzhou&#39;s&nbsp;developing new CBD. With its bold, detail-driven design, elevated service, and engaging always-on programming, the hotel is poised to become a new symbol of luxury hospitality in&nbsp;Hangzhou.

Reported Earlier, Marriott Signs Agreement With Zhong An To Launch W Hangzhou In Qianjiang Century City

SNDL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) reported quarterly losses of $(0.02) per share. This is a 83.33 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $228.13 million which beat the analyst consensus estimate of $176.43 million by 29.30 percent. This is a 1.63 percent decrease over sales of $231.92 million the same period last year.

SNDL

SNDL Q2 EPS $(0.02) Up From $(0.12) YoY, Sales $228.13M Beat $176.43M Estimate

Apple Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) latest foray into spatial computing, the Vision Pro, is showing early signs of <a href="https://www.benzinga.com/news/earnings/24/08/40116376/apple-q3-earnings-beat-expectations-tim-cook-highlights-breakthrough-ai-platform-installed-base-of-">success in the enterprise market</a>, CEO Tim Cook underscored during the company&#8217;s earnings call.
What Happened: &#8220;We&#8217;ve seen great interest for Vision Pro in the enterprise, where it can empower companies large and small to pursue their best ideas like never before,&#8221; Cook stated, highlighting the device&#8217;s potential beyond consumer applications.
Cook mentioned that organizations like Boston Children&#8217;s Hospital and passenger airline Lufthansa use Vision Pro to create innovative spatial computing experiences for workforce training. This early adoption indicates the device&#8217;s potential to revolutionize professional development across various industries.
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He also highlighted the growing app ecosystem around Vision Pro, with over 2,500 native spatial apps and 1.5 million compatible apps for Vision OS. This robust ecosystem could be a key driver for enterprise adoption, allowing businesses to customize the device to their needs, he said.
Apple&#8217;s Vision Pro is gaining traction in the enterprise market at a time when the company is also advancing its artificial intelligence initiatives. 
See Also: <a href="https://www.benzinga.com/news/24/07/40013038/bill-gates-ex-wife-reveals-she-shares-jeff-bezos-ex-wife-mackenzie-scotts-parenting-style-she-was-tr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bill Gates&#8217; Ex-Wife Reveals She Shares Jeff Bezos&#8217; Ex-Wife MacKenzie Scott&#8217;s Parenting Style</a>
Why It Matters: The success of Apple&#8217;s Vision Pro in the enterprise market is a significant development for the company. This comes on the heels of Apple CFO Luca Maestri announcing that the company <a href="https://www.benzinga.com/markets/equities/24/08/40121660/apple-cfo-luca-maestri-pumps-confidence-says-iphone-maker-returned-32b-to-shareholders-in-q3">returned over $32 billion to shareholders</a> in the third quarter, including $3.9 billion in dividends and $26 billion through stock repurchases.
Despite a 6.5% yearly decline in sales in Greater China, CEO Tim Cook remains <a href="https://www.benzinga.com/news/24/08/40121931/tim-cook-remains-optimistic-about-greater-china-market-despite-6-5-yearly-decline-confident-in-the-l">optimistic about long-term prospects</a> in the region. He highlighted that the sales decrease was less than 3% on a constant currency basis and pointed to positive indicators like a record iPhone install base. 
Analysts have also been positive about Apple&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40122623/apple-analyst-warns-investors-about-betting-against-tech-giant-as-iphone-maker-on-c">third-quarter performance</a>, with Wedbush analyst Daniel Ives calling it a &#8220;gold-medal performance.&#8221; He noted that revenue exceeded expectations and iPhone sales were strong. 
Apple&#8217;s third-quarter earnings <a href="https://www.benzinga.com/news/earnings/24/08/40116376/apple-q3-earnings-beat-expectations-tim-cook-highlights-breakthrough-ai-platform-installed-base-of-">report beat expectations</a>, with revenue growing year-over-year. However, the stock initially saw a slight dip due to concerns over China and Services performance. 
Price Action: Apple&#8217;s stock closed at $218.36 on Thursday, down 1.68% for the day. In after-hours trading, the stock increased by 0.57%. Year to date, Apple&#8217;s stock has risen by 17.63%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/40054145/nvidia-stock-is-surging-after-the-bell-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Is Surging After The Bell: What&#8217;s Going On?</a></li>
</ul>
Photo courtesy: Apple
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

AAPL

Apple Vision Pro Sparks Enterprise Interest: Tim Cook Says Companies Can 'Pursue Their Best Ideas Like Never Before'

July 2024 Highlights:
<ul>
<li>Production:&nbsp;Mined 116 Bitcoin in July 2024.</li>
<li>Mining Capacity Maintained:&nbsp;Ended July with a 4.9 EH/s ASIC mining capacity.</li>
<li>HODL Position:&nbsp;Increased to 2,533 BTC, a&nbsp;2%&nbsp;increase from the prior month.</li>
<li>Mining Efficiency:&nbsp;Achieved an average of 24.6 Bitcoin per Exahash, ending the month of July with 4.9 EH/s, with an average hashrate of 4.7 EH/s throughout July.</li>
<li>Daily Production:&nbsp;The company averaged 3.7 BTC per day, showcasing operational efficiency and robust mining capabilities.</li>
</ul>
Strategic HODL Increase:
The Company notes that with a Bitcoin HODL value of over&nbsp;$164 million&nbsp;as of July 31, 2024, its enterprise value looks very attractive compared to its peers.

HIVE

HIVE Digital July 2024 Bitcoin Production: HODL +2% To 2,533 Bitcoins On Monthly Basis, Mined 116 Bitcoin, Ended July With 4.9 EH/S ASIC Mining Capacity

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index moved to the &#8220;Fear&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, with the Dow Jones index tumbling around 500 points during the session.
The Nasdaq Composite ended July on a negative note, falling around 0.8%. The S&amp;P 500 gained 1.1% last month, while the Dow added 4.4% to record its best month since December.
On the economic data front, the ISM manufacturing PMI declined to 46.6 in July versus 48.5 in the prior month, below market estimates of 48.8. Construction spending declined by 0.3% month-over-month to an annual rate of $2,148 billion in June. U.S. initial jobless claims by 14,000 to 249,000 in the week ending July 27th, beating market estimates of 236,000.
Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) stock dipped 21% on Thursday as the company lowered its 2024 sales guidance due to weaker demand for its COVID-19 vaccines. Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares gained 4.8% after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.
Major sectors on the S&amp;P 500 closed on a mixed note, with utilities, real estate, and consumer staples stocks recording the biggest gains on Thursday. However, information technology and energy stocks were among the worst performers during the session.
The Dow Jones closed lower by around 495 points to 40,347.97 on Thursday. The S&amp;P 500 fell 1.37% at 5,446.68, while the Nasdaq Composite dipped 2.30% at 17,194.14 during Thursday's session.
Investors are awaiting earnings results from Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and Asbury Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 39.6, the index moved to the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 54.1.
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:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40102555/wall-streets-most-accurate-analysts-views-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Materials Stocks Delivering High-Dividend Yields</a></li>
</ul>

Pre-Market Outlook

MRNA

US Stocks Close Lower As Apple, Amazon Report Earnings: Greed Index Moves To 'Fear' Zone

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is set to release earnings results for its second quarter, before the <a href="https://www.benzinga.com/quote/XOM/earnings">opening bell on Aug. 2, 2024.</a>
Analysts expect the Spring, Texas-based company to report quarterly earnings at $2.01 per share, up from $1.94 per share in the year-ago period. Exxon Mobil is projected to report quarterly revenue of $90.99 billion, compared to $82.91 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Exxon Mobil and its partner CNOOC Ltd have filed arbitration claims, asserting their right of first refusal to any sale of Hess Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) stake in a Guyana oil-producing joint venture. This move could potentially hinder Chevron Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) proposed $53 billion <a href="https://www.benzinga.com/markets/equities/24/08/40091118/chevrons-53b-hess-deal-faces-uncertainty-amid-exxon-and-cnooc-arbitration-claims">acquisition of Hess</a>.
Exxon Mobil shares fell 1.4% to close at $116.95 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/XOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b59ca8b85e930001267b7c/bob-brackett">Bernstein analyst Bob Brackett</a> maintained an Outperform rating and cut the price target from $139 to $138 on July 17. This analyst has an accuracy rate of 67%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59282ae6290fa7000185325c/nitin-kumar">Mizuho analyst Nitin Kumar</a> maintained a Neutral rating and raised the price target from $125 to $128 on May 13. This analyst has an accuracy rate of 69%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5935519e85b07a0001c0bc50/gordon-gray">HSBC analyst Gordon Gray</a> maintained a Hold rating and boosted the price target from $111 to $120 on April 30. This analyst has an accuracy rate of 63%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/605db899dbb1f500014cd1d3/jason-gabelman">TD Cowen analyst Jason Gabelman</a> maintained a Buy rating and boosted the price target from $128 to $135 on April 30. This analyst has an accuracy rate of 72%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586cf169351b9b0001a30554/ryan-todd">Piper Sandler analyst Ryan Todd</a> maintained an Overweight rating and increased the price target from $130 to $145 on April 18. This analyst has an accuracy rate of 73%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/08/40102555/wall-streets-most-accurate-analysts-views-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Materials Stocks Delivering High-Dividend Yields</a>

Exxon Mobil Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) to report quarterly earnings at $2.01 per share on revenue of $90.99 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Exxon Mobil shares rose 0.2% to $117.14 in after-hours trading.</li>
<li>Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40116376/apple-q3-earnings-beat-expectations-tim-cook-highlights-breakthrough-ai-platform-installed-base-of-">reported better-than-expected earnings</a> and sales results for its third quarter on Thursday. Services revenue reached a new record but was a tad below the forecast. Apple shares gained 0.6% to $219.60 in the after-hours trading session.</li>
<li>Analysts are expecting Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) to post quarterly earnings at $2.93 per share on revenue of $50.80 billion. The company will release earnings before the markets open. Chevron shares gained 0.6% to $153.50 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40114662/amazon-q2-earnings-highlights-revenue-miss-eps-beat-q3-guidance-and-more">posted mixed results</a> for its second quarter on Thursday. The company reported second-quarter earnings per share of $1.26, which beat a Street consensus estimate of $1.03. Amazon is guiding for third-quarter net sales to be in the range of $154 billion to $158.5 billion, up 8% to 11% year-over-year, while analysts were projecting net sales of $158.24 billion. Amazon shares fell 6.9% to $171.40 in the after-hours trading session.</li>
<li>Analysts expect Asbury Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) to post quarterly earnings at $7.33 per share on revenue of $4.31 billion before the opening bell. Asbury Automotive shares rose 0.1% to $263.43 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40102555/wall-streets-most-accurate-analysts-views-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Materials Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo via Shutterstock

AMZN

Amazon, Apple And 3 Stocks To Watch Heading Into Friday

Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has decided to offer an extended warranty for its 13th and 14th Gen CPUs, which have been plagued by stability concerns. This move aims to mitigate customer dissatisfaction as the tech <a href="https://www.benzinga.com/news/earnings/24/08/40115276/intel-stock-falls-after-weak-q2-results-new-cost-reduction-plan-15-headcount-reduction">giant grapples with technical setbacks</a>.
What Happened: Intel is offering an additional two years of warranty on its 13th and 14th Gen CPUs, which have been experiencing crashes, The Verge <a href="https://www.theverge.com/2024/8/1/24211616/intel-crashing-13th-14th-gen-cpus-warranty-two-more-years">reported</a> on Tuesday.
Despite the absence of a permanent fix for the crashing issues with Intel&#8217;s 13th and 14th Gen Core processors, the company is attempting to appease customers by extending the warranty period. 
Intel has acknowledged the &#8220;instability&#8221; problems, attributing them to &#8220;elevated operating voltage&#8221; and is preparing a mid-August patch to address the root cause, though it won&#8217;t repair any pre-existing damage.
See Also: <a href="https://www.benzinga.com/news/24/07/40066966/epic-games-tim-sweeney-slams-apples-find-my-anti-theft-feature-calls-it-super-creepy-surveillance-te?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Epic Games&#8217; Tim Sweeney Slams Apple&#8217;s &#8216;Find My&#8217; Anti-Theft Feature, Calls It &#8216;Super Creepy Surveillance Tech&#8217; That Should Not Exist</a>
Originally, Intel&#8217;s boxed CPUs came with a three-year limited warranty, but with this extension, the warranty period will now total five years. This move comes after Intel initially declined to comment on potential warranty extensions for the affected chips.
In a statement to The Verge, Thomas Hannaford of Intel expressed the company&#8217;s commitment to supporting customers through the exchange process and promised more details on the extended warranty support soon. 
"We stand behind our products, and in the coming days we will be sharing more details on two-year extended warranty support for our boxed Intel Core 13th and 14th Gen desktop processors," he said. 
Intel has advised customers who purchased systems from OEM/System Integrators to contact the support team of their system manufacturer and those who bought boxed CPUs to reach out to Intel Customer Support for assistance.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Intel&#8217;s decision to extend warranties arrives amid a challenging period for the company. Following a <a href="https://www.benzinga.com/news/earnings/24/08/40115276/intel-stock-falls-after-weak-q2-results-new-cost-reduction-plan-15-headcount-reduction">disappointing second-quarter financial report</a>, where earnings and sales fell below analyst expectations, Intel announced a significant cost reduction plan, including a 15% headcount reduction. This was a stark indicator of the pressures Intel faces as it attempts to navigate a turnaround strategy.
The company&#8217;s recent job cuts are part of efforts to streamline operations and fund its recovery efforts amid <a href="https://www.benzinga.com/news/24/07/40073980/intel-plans-job-cuts-to-fund-turnaround-efforts-bloomberg">declining earnings and market share</a>.
Furthermore, Intel&#8217;s competitive landscape has intensified, with rivals like Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) making significant inroads in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40069119/can-amd-stock-hit-180-ai-growth-fuels-data-center-dominance-over-intel">data center space</a>, as highlighted by a JPMorgan analyst&#8217;s note on AMD&#8217;s growth.
However, it&#8217;s not all bleak for Intel, as the company <a href="https://www.benzinga.com/markets/equities/24/07/40076795/intel-wins-london-leg-of-patent-dispute-with-r2-report">recently secured a legal victor</a>y in the London leg of a global patent dispute with R2 Semiconductor. 
Price Action: Intel Corp&#8217;s stock closed at $29.05 on Thursday, down by 5.50%. In after-hours trading, the stock fell further 18.90%. Year to date, the stock has dropped 39.23%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40003033/elon-musk-blocked-vampires-fame-james-wood-for-slamming-his-blocking-ban-now-the-actor-cant-stop-sin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Blocked &#8216;Vampires&#8217; Fame James Woods For Slamming His Blocking Ban, Now The Actor Can&#8217;t Stop Singing Praises Of The X Owner: &#8216;He Is A Champion Of Free Speech&#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/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Latest news for PHC Holdings (OTC:PHCCF) Stock