Latest news for Smart Eye (OTC:SMTEF) Stock

Smart Eye AB is engaged in developing and marketing eye-tracking technology that can measure and calculate where a person is looking. It is organized into two business areas - Behavioral Research and Automotive.

Smart Eye AB

On Monday, July 15th, U.S. stock markets closed higher, continuing Friday&#8217;s rally, as hopes for a second Trump presidency and a looser regulatory environment rose after a failed assassination attempt. Although all three major U.S. stock indexes closed significantly below their intraday peaks, the Dow Jones Industrial Average achieved a record closing high.
According to the economic data, the NY Empire State Manufacturing Index fell to -6.6 in July, below the expected -6.
Energy shares had the largest gain among the 11 S&amp;P 500 sectors, while utilities lagged.
The Dow Jones Industrial Average was up 0.53% and closed at 40,211.72. The S&amp;P 500 gained 0.28%, ending the day at 5,631.22, and the Nasdaq Composite rose 0.42%, finishing the session at 18,475.86.
Asian Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 closed higher by 0.22%, ending the session at 41,282.50, led by gains in the Real Estate, Transportation Equipment, and Fishery sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.23%, ending the day at 7,999.30, led by losses in the Metals &amp; Mining, Materials, and Information Technology sectors.</li>
<li>India&#8217;s Nifty 50 closed higher by 0.07% at 24,602.70, and Nifty 500 slid 0.04% to 23,200.35.</li>
<li>China&#8217;s Shanghai Composite was up 0.08%, ending the session at 2,976.30, and the Shenzhen CSI rose 0.63%, closing at 3,498.28.</li>
<li>Hong Kong&#8217;s Hang Seng ended the session lower by 1.60% at 18,015.94.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index declined 0.58%.</li>
<li>Germany&#8217;s DAX fell 0.47%.</li>
<li>France&#8217;s CAC was down 0.69%.</li>
<li>U.K.&#8217;s FTSE 100 traded lower by 0.17%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.79% at $80.20/bbl, and Brent was down 0.73% at $84.23 bbl.</li>
<li>Oil prices dipped on Tuesday amid concerns over slowing Chinese demand despite expectations of U.S. Fed rate cuts. China&#8217;s Q2 growth missed forecasts, raising doubts about its oil demand.</li>
<li>Natural Gas gained 0.46% to $2.168.</li>
<li>Gold was trading higher by 0.76% at $2,447.40, Silver rose 0.76% to $31.133, and Copper slid 0.27% to $4.5145.</li>
</ul>
US Futures at 06:00 AM ET
Dow futures were up 0.07%, S&amp;P 500 futures rose 0.04%, and Nasdaq 100 Futures rose 0.06%.
Forex at 06:00 AM ET
The U.S. dollar index gained 0.07% to 104.26, the USD/JPY rose 0.24% to 158.39, and the USD/AUD rose 0.18% to 1.4820.
Global shares dipped as investors reacted to Trump&#8217;s victory trades and a stronger dollar, weakening the yen. Fed Chair Powell&#8217;s inflation comments boosted hopes for a rate cut while focus remained on Trump&#8217;s <a href="https://www.benzinga.com/general/politics/24/07/39761947/gunman-dead-trump-rally-attendee-killed-says-local-da-former-president-comes-under-fire-in-penns" target="_blank" rel="noreferrer noopener">attempted assassination</a> and his VP nomination of J.D. Vance.
Photo via Shutterstock.

Asia

News

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Mixed, European Markets Fall, While Gold Heads Toward All Time High - Global Markets Today While US Slept

Earnings

ANGO

AngioDynamics Q4 2024 Adj EPS $(0.05) Beats $(0.16) Estimate, Sales $71.122M Beat $70.891M Estimate

Health Care

General

NUVL

Nuvalent To Present Updated Data From ARROS-1 Phase 1/2 Clinical Trial Of zidesamtinib And ALKOVE-1 Phase 1/2 Clinical Trial Of NVL-655 at ESMO Congress 2024

Management

Western Copper And Gold Appoints Michael Psihogios Effective, Early August

Wolfe Research analyst Shweta Khajuria initiates coverage on Peloton Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) with a Peer Perform rating.

Initiation

Analyst Ratings

PTON

Wolfe Research Initiates Coverage On Peloton Interactive with Peer Perform Rating

SILO

Silo Pharma Obtains Exclusive Global License To Develop, Manufacture, And Commercialize Its Alzheimer's Drug

Wolfe Research analyst Shweta Khajuria initiates coverage on Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Outperform rating and announces Price Target of $620.

Price Target

Wolfe Research Initiates Coverage On Meta Platforms with Outperform Rating, Announces Price Target of $620

Loop Capital analyst Alan Gould downgrades Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) from Buy to Hold and maintains the price target from $75 to $75.

Downgrades

RDDT

Loop Capital Downgrades Reddit to Hold, Maintains Price Target to $75

Wolfe Research analyst Shweta Khajuria initiates coverage on Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) with a Outperform rating and announces Price Target of $36.

MTCH

Wolfe Research Initiates Coverage On Match Group with Outperform Rating, Announces Price Target of $36

Wolfe Research analyst Shweta Khajuria initiates coverage on Magnite (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) with a Outperform rating.

MGNI

Wolfe Research Initiates Coverage On Magnite with Outperform Rating

Wolfe Research analyst Shweta Khajuria initiates coverage on Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Peer Perform rating.

LYFT

Wolfe Research Initiates Coverage On Lyft with Peer Perform Rating

Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) reportedly cut around 300 roles to streamline operations, highlighting the tech industry&#8217;s ongoing focus on cost control.
The company made the job cuts this month, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-15/salesforce-cuts-about-300-jobs-in-latest-sign-of-tech-austerity" rel="noreferrer noopener">Bloomberg</a>, citing a source familiar with the matter. In a statement, Salesforce confirmed the job reductions but did not provide specifics, per the report.
&#8220;Like any healthy business, we continuously assess whether we have the right structure in place to best serve our customers and fuel growth areas,&#8221; the report cited a spokesperson. &#8220;In some cases that leads to roles being eliminated.&#8221;
In January 2024, Salesforce laid off close to 700 employees, about 1% of its 70,000-strong workforce, following a previous reduction of 10% or <a target="_blank" href="https://www.benzinga.com/news/24/01/36798167/salesforce-cuts-700-jobs-in-streamlining-effort-yet-eyes-growth-with-1-000-open-roles" rel="noreferrer noopener">around&nbsp;8,000 workers in 2023</a>.&nbsp;
At the end of January, Salesforce had 72,682 employees.
Salesforce stock gained over 10% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and&nbsp;Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>).
Several tech companies disclosed headcount reductions this month, with Intuit Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) laying off about 1,800 employees and closing <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39713891/why-software-company-intuits-shares-are-trading-lower-today" rel="noreferrer noopener">its Boise and Edmonton sites</a>.
Also, in July, UiPath Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) revealed plans for restructuring actions to manage its operating expenses, <a target="_blank" href="https://www.benzinga.com/news/24/07/39694378/uipath-to-cut-workforce-by-10" rel="noreferrer noopener">including a&nbsp;10% workforce reduction</a>.
Another tech giant, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), carried out another round of layoffs, <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39632988/microsoft-carries-out-another-round-of-layoffs-across-teams-and-geographies-third-this-year-so-f" rel="noreferrer noopener">affecting various teams and regions</a>.
Notably, the number of employees laid off in the tech sector increased by 304% in January 2024 as <a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36874447/tech-layoffs-up-over-300-month-over-month-in-january-3-companies-with-the-most-employees-laid-of" rel="noreferrer noopener">compared to December 2023</a>.
Price Action: CRM shares are down 0.02% at $252.81 premarket at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

Large Cap

Media

INTU

MSFT

PATH

Salesforce Slashes 300 Jobs, Emphasizes Cost Control Amid Tech Slowdown: Report

B of A Securities analyst Brad Sills upgrades Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) from Neutral to Buy and raises the price target from $78 to $82.

Upgrades

SHOP

B of A Securities Upgrades Shopify to Buy, Raises Price Target to $82

Wolfe Research analyst Shweta Khajuria initiates coverage on Maplebear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) with a Peer Perform rating.

CART

Wolfe Research Initiates Coverage On Maplebear with Peer Perform Rating

Wolfe Research analyst Shweta Khajuria initiates coverage on Etsy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) with a Peer Perform rating.

ETSY

Wolfe Research Initiates Coverage On Etsy with Peer Perform Rating

<a href="https://www.bloomberg.com/news/articles/2024-07-16/blue-owl-to-buy-private-credit-firm-atalaya-adding-10-billion-in-assets?sref=2h1zKciy" title="https://www.bloomberg.com/news/articles/2024-07-16/blue-owl-to-buy-private-credit-firm-atalaya-adding-10-billion-in-assets?sref=2h1zKciy">https://www.bloomberg.com/news/articles/2024-07-16/blue-owl-to-buy-private-credit-firm-atalaya-adding-10-billion-in-assets?sref=2h1zKciy</a>

Bloomberg Reported Earlier, Blue Owl To Buy Atalaya For ~$800M After Earnouts

Wolfe Research analyst Deepak Mathivanan initiates coverage on eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Peer Perform rating.

EBAY

Wolfe Research Initiates Coverage On eBay with Peer Perform Rating

Offerings

ZENV

Zenvia Entered Sales Agreement With A.G.P./Alliance Global Partners To Offer And Sell Class A Common Shares Up To $20M

On Monday, a U.S. judge set a rapid schedule to address objections from the victims&#8217; families regarding the Justice Department&#8217;s plea deal with Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) on legal proceedings over its involvement in <a target="_blank" href="https://www.benzinga.com/news/24/06/39408346/boeing-737-max-crash-victim-families-call-for-25b-fine-as-ceo-dave-calhoun-gets-grilled-by-senators" rel="noreferrer noopener">two fatal 737 MAX crashes</a>.
The company recently agreed to plead guilty to criminal fraud conspiracy and <a target="_blank" href="https://www.benzinga.com/news/24/07/39658887/boeing-strikes-plea-deal-with-doj-for-defrauding-us-regulator-over-737-max-safety-victims-lawyer-cal" rel="noreferrer noopener">pay a $243.6 million fine.</a>
District Judge Reed O&#8217;Connor of Texas outlined that after the Justice Department files the plea agreement, relatives of the crash victims will have a week to file their objections, reported Reuters.
Following this, the government and Boeing will have two weeks to respond, with the families then having five days to file a final response.
Erin Applebaum, a lawyer representing some of the victims&#8217; families, criticized the deal as a &#8220;slap on the wrist&#8221; last week.
Boeing has agreed to plead guilty to conspiring to defraud the Federal Aviation Administration (FAA). The government accused the company of making false representations about crucial software for the 737 MAX.
This plea follows a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39307378/boeing-insists-on-adherence-to-legal-agreement-post-737-max-crashes-report" rel="noreferrer noopener">breach of a 2021 deferred prosecution agreement</a>, according to the Justice Department.
The 737 MAX crashes in Indonesia and Ethiopia in 2018 and 2019 resulted in 346 deaths and led to a 20-month grounding of the aircraft.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/07/39690807/how-boeings-guilty-plea-could-impact-us-defense-contracts" rel="noreferrer noopener">How Boeing&#8217;s Guilty Plea Could Impact US Defense Contracts</a>
Judge O&#8217;Connor has previously referred as saying &#8220;Boeing&#8217;s crime may properly be considered the deadliest corporate crime in U.S. history.&#8221;
The Justice Department plans to file the plea agreement by July 19, though additional time might be required. Boeing has also committed to spending at least $455 million over three years to enhance <a target="_blank" href="https://www.benzinga.com/news/24/07/39670506/why-boeing-stock-is-moving-higher-monday" rel="noreferrer noopener">safety and compliance programs.</a>
The company&#8217;s board will meet with the victims&#8217; families as part of this deal. An independent monitor will oversee Boeing&#8217;s compliance, filing annual progress reports, and Boeing will be on probation for the monitor&#8217;s three-year term, the report further added.
In a related incident, a Boeing 737 MAX 9 jet experienced a panel blow-off during a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39753512/senate-commerce-chair-cantwell-calls-boeing-ceo-calhoun-to-testify-amid-regulatory-oversight-con" rel="noreferrer noopener">January 2021 Alaska Airlines flight</a>, two days before the expiration of the deferred agreement that protected Boeing from prosecution for the earlier crashes.
Boeing is under a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/39115731/boeings-737-max-production-freeze-remains-as-faa-demands-safety-overhaul" rel="noreferrer noopener">separate criminal probe </a>for this incident, which did not result in any serious injuries.
Boeing stock has lost more than 15% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: BA shares closed lower by 1.76% at $179.11 on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Tada Images On Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39767194/boeing-commences-critical-777-9-certification-tests-with-faa-regulators-onboard-report" target="_blank" rel="noreferrer noopener">Boeing Commences Critical 777-9 Certification Tests With FAA Regulators Onboard: Report</a></li>
</ul>

iShares Dow Jones US Aerospace & Defense Index Fund

Judge Allots Time For Boeing 737 MAX Crash Victims' Relatives To Object Plea Deal: Report

The company currently estimates the total full year 2024 impact at $1.90 to $2.05 per share. Within this, direct response costs are estimated at $1.30 to $1.35, an increase of $0.40 to $0.45 from the initial estimate. The change is due to the company&#39;s care provider financial support initiatives and consumer notification costs. Business disruption impacts are estimated at $0.60 to $0.70 per share.