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Financial analyst Yiannis Zourmpanos has predicted that Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) could witness a significant stock rally, potentially reaching $204, following its third-quarter performance. 
What Happened: Jensen Huang&#8216;s company has forecasted third-quarter revenue of approximately $32.5 billion, driven by strong demand for its Hopper and Blackwell GPUs. These GPUs are expected to bolster Nvidia&#8217;s data center segment, which boasts a robust 68% operating margin. The Blackwell units, priced between $30,000 and $40,000, are in high demand, with production ramping up in the fourth quarter of 2024.
Nvidia&#8217;s upcoming earnings report on Nov. 20 is a crucial factor in maintaining its growth momentum.
Zourmpanos highlights that Nvidia&#8217;s growth is fueled by the increasing adoption of AI and data-intensive applications, reinforcing its leadership in the industry, Seeking Alpha <a href="https://seekingalpha.com/article/4736453-nvidia-q3-earnings-could-ignite-200-rally">reported</a> on Wednesday. However, Nvidia faces potential risks from supply chain disruptions, particularly due to its reliance on Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) for AI server components.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41927985/bitcoin-ethereum-consolidate-dogecoin-surges-as-election-rally-takes-a-breather-analyst-says-pullback-typical-for-healthy-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Consolidate, Dogecoin Surges As Election Rally Takes A Breather: Analyst Says Pullback &#8216;Typical&#8217; For Healthy Market</a>
Despite these challenges, Nvidia&#8217;s technical indicators and historical data suggest a bullish trend, with a 77% chance of positive returns in November. The company&#8217;s strategic investments and revenue growth position it for potential long-term value appreciation.
Why It Matters: As Nvidia prepares to release its third-quarter results, analysts are closely watching the company&#8217;s performance. Morgan Stanley analyst Joseph Moore <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41883803/nvidias-blackwell-chip-revenue-could-hit-6-billion-next-quarter-analyst">anticipates a strong quarter</a>, aligning with the Street consensus of 74 cents per share earnings on $32.937 billion in revenue. Despite being supply-constrained, Nvidia is expected to generate significant revenue from its Blackwell chips, potentially between $5 billion and $6 billion in the upcoming quarter.
Furthermore, analysts predict a potential <a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/41916373/nvidia-to-rally-around-14-here-are-10-top-analyst-forecasts-for-tuesday">14% rally for Nvidia</a>, highlighting the company&#8217;s strong market position and growth prospects. This optimism is driven by Nvidia&#8217;s strategic focus on AI and data-intensive applications, which continue to drive demand for its advanced GPUs.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Appoints Elon Musk And Vivek Ramaswamy To Lead &#8216;DOGE,&#8217; Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: &#8216;We Will Not Go Gently&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Unsplash

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SMCI

Nvidia Set For Major Surge To $204? Analyst Predicts Post-Q3 Boost Driven By Blackwell GPU Demand, Strong Margins

Reported Earlier, Walker & Dunlop Secures $113M Financing For Bay Area's Franklin 299 Multifamily Acquisition

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Earnings Scheduled For November 13, 2024

<ul>
<li>LTIMindtree will leverage Cisco Secure Access as its new security service edge (SSE) solution to protect its 80,000 hybrid workers with secure internet access, advanced zero trust network access and embedded AI.</li>
<li>Extending its networking partnership with Cisco, LTIMindtree now offers next-generation SSE to its global clients via Cisco Secure Access.</li>
<li>Clients can work jointly with both companies to adopt a broad set of cloud security functions in a single, easy-to-use dashboard with Cisco Secure Access.</li>
</ul>

Reported Earlier, Cisco And LTIMindtree Expand Collaboration To Launch AI-Driven Secure Access For Global Clients

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

SIDU

Reported Earlier, Sidus Space Prices $7M Public Offering Of 5.6M Common Shares At $1.25 Each

The expected net proceeds of the offering after expenses are approximately $93.4 million, which are intended to be used for working capital, capital expenditures and other general corporate purposes including acquisitions.
Closing of the offering is expected to occur on November 14, 2024, subject to customary closing conditions. In addition, Grid Dynamics granted the underwriters a 30-day option to purchase up to 862,500 additional shares of its common stock.

GDYN

Reported Earlier, Grid Dynamics Prices $93.4M Public Offering Of 5.75M Common Shares At $17.25/Share

Apple Inc.'s 2024 Mac Mini features powerful M4 and M4 Pro chips in an even smaller, lighter design, <a href="https://www.benzinga.com/news/24/10/41607481/apples-refreshes-mac-mini-smaller-form-factor-m4-chip-power-and-carbon-neutral">starting at $599</a>.
However, while it's Apple's most affordable and capable Mac Mini yet, one quirky design choice is making waves: the power button is on the bottom of the device.
Why Put The Power Button On The Bottom?
Apple's John Ternus and Greg Joswiak explained that the ultra-compact design necessitated placing the power button on the bottom.
They argued that most users won't miss a conveniently placed power button since they can use macOS's shutdown menu.
However, this doesn't sit well with those who take their Mac Mini on the go and need easy access to the button.
See Also: <a href="https://www.benzinga.com/news/24/11/41706934/how-to-master-ios-18s-control-center-tips-to-reset-and-customize-your-iphones-quick-access-hub">How To Master iOS 18&#8217;s Control Center: Tips To Reset And Customize Your iPhone&#8217;s Quick Access Hub</a>
Workarounds: From 3D Printed Levers To Simple Flips
Some creative users have already found clever fixes. One popular solution involves 3D-printed lever extensions, which allow users to press the power button without lifting the device. Here are a few simple fixes.
See-Saw Lever by Ivan Kuleshov: Shared on X, formerly Twitter, this lever functions like a see-saw—press down on one side to raise the other and engage the button.
<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">Apple is Apple. The power button for the new Mac mini is on its bottom. I&#39;ve come up with a solution for turning the Mac mini 2024 on or off without taking it off the table. Meet iFixTheButton More images, another solution, and download (.stl and .stp) links below in the… <a href="https://t.co/B6PFiQsEWx">pic.twitter.com/B6PFiQsEWx</a>
&mdash; Ivan Kuleshov (@Merocle) <a href="https://twitter.com/Merocle/status/1851583370511196439?ref_src=twsrc%5Etfw">October 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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.
C-Shaped Lever: Another X user who goes by the handle name @shapoco designed a C-shaped lever that slips over the Mini, enabling top access to the button.
<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"><a href="https://t.co/AKXlBSn3yJ">pic.twitter.com/AKXlBSn3yJ</a>
&mdash; シャポコ&#x1f335; (@shapoco) <a href="https://twitter.com/shapoco/status/1851863974427660563?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
No 3D Printer? Just Flip It Upside Down
If you're without a 3D printer, try flipping the Mac Mini upside down. This positions the power button on top for easy access— place it on a soft surface to avoid scratching.
Or Skip The Button Altogether
Another option: leave your Mac Mini in sleep mode. This way, you rarely need to reach for the power button, as it consumes minimal extra energy.
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/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it" target="_blank" rel="noreferrer noopener">iOS 18 Includes Apple's New Passwords App with End-to-End Encryption: Here's How You Use It</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Apple

Tech

Apple's 2024 Mac Mini Is A Compact Powerhouse, But Its Power Button Placement Is Not The Most Accessible: Here Are Some Workable Fixes

President-elect Donald Trump, on Tuesday, greenlit the <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">formation of the Department of Government Efficiency </a>or DOGE, the acronym which almost sounds like a parody of the cryptocurrency known as Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>). As the department promises to restructure federal agencies and reduce government spending, it is still unclear if the committee would come under the Federal Advisory Committee Act, which dictates how external groups that advise the government must operate and be accountable to the public.
Such external advisory committees have played an important role in shaping federal programs and policies in the past; former presidents Ronald Reagan and Bill Clinton established similar task forces. However, it is still ambiguous how President-elect Trump, along with unconventional businessman Elon Musk and former presidential candidate Vivek Ramaswamy, will structure and lead this committee.
Also read: <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">Trump Appoints Elon Musk And Vivek Ramaswamy To Lead &#8216;DOGE,&#8217; Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: &#8216;We Will Not Go Gently&#8217;</a>
What Happened: The <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">initiative</a> will focus on dismantling bureaucracy, reducing regulations, and cutting wasteful expenditures, as per the notice shared by Trump. The department is scheduled to complete its work by Jul. 4, 2026, coinciding with America's 250th independence anniversary.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: President-Elect Donald Trump announces Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (D.O.G.E.) <a href="https://t.co/zYtr6qZjeJ">pic.twitter.com/zYtr6qZjeJ</a>
&mdash; America (@america) <a href="https://twitter.com/america/status/1856497932352082184?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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Musk, who shared the announcement on X (formerly Twitter), stated the changes would "send shockwaves through the system." Ramaswamy, responding to the announcement on X, posted "We will not go gently," while sharing Trump's statement.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We will not go gently, <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a>. &#x1f1fa;&#x1f1f8; <a href="https://t.co/sbVka2vTiW">https://t.co/sbVka2vTiW</a>
&mdash; Vivek Ramaswamy (@VivekGRamaswamy) <a href="https://twitter.com/VivekGRamaswamy/status/1856497493560746377?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The department's primary objectives include restructuring federal agencies, reducing government regulations, cutting wasteful spending, creating accountability measures, and implementing structural reforms. The administration states that this effort will make the U.S. government more accountable to citizens while promoting economic growth through reduced bureaucracy.
Also read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41917731/wall-street-veteran-predicts-sp-500-to-hit-10000-by-2029-roaring-2020s" target="_blank" rel="noreferrer noopener">Wall Street Veteran Predicts S&amp;P 500 To Hit 10,000 By 2029: ‘Roaring 2020s'</a>
Why It Matters: The Federal Advisory Committee Act mandates <a href="https://www.gsa.gov/policy-regulations/policy/federal-advisory-committee-management/advice-and-guidance/the-federal-advisory-committee-act-brochure">specific guidelines</a> for external groups offering advice to the government, ensuring transparency and public oversight.
Federal employees are typically obligated to disclose their roles, obligations, duties, allowable expenses, compensation limitations, and any ethics requirements with their committee's Designated Federal Officer and/or Committee Management Officer, as appropriate. However, as Musk and Ramaswamy would not hold official federal positions, they may not be bound by these disclosure and divestment requirements.
According to <a href="https://www.nytimes.com/2024/10/20/us/politics/elon-musk-federal-agencies-contracts.html">The New York Times</a>, Musk&#8217;s businesses, including SpaceX and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), were scheduled to receive approximately $3 billion in federal contracts from 17 agencies in 2023. Furthermore, his companies have been the subject of at least 20 federal investigations or reviews. These factors have led to concerns about potential conflicts of interest arising from a Musk-led federal commission.
According to Wednush&#8217;s Dan Ives, &#8220;Since this is not an official Cabinet or US government position and it's essentially newly created, there will be NO changes to Musk&#8217;s CEO roles with Tesla and SpaceX importantly from the Street&#8217;s perspective.&#8221;
Also read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41893461/dogecoins-golden-cross-sparks-hype-after-meme-coin-doubles-over-last-week-previous-cycle-saw-a-7000-rally-could-history-repeat">Dogecoin&#8217;s Golden Cross Sparks Hype After Meme Coin Doubles Over Last Week: Previous Cycle Saw A 7,000% Rally, Could History Repeat?</a>
Congress&#8217; Role
As per FACA, the U.S. Congress seeks to ensure that advisory committees:
<ul>
<li>Provide advice that is relevant, objective, and open to the public.</li>
<li>Act promptly to complete their work.</li>
<li>Comply with reasonable cost controls and record-keeping requirements.</li>
</ul>
Also read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41883803/nvidias-blackwell-chip-revenue-could-hit-6-billion-next-quarter-analyst">Nvidia&#8217;s Blackwell Chip Revenue Could Hit $6 Billion Next Quarter: Analyst</a>
Appointing Committee Members
The U.S. General Services Administration rules state that federal advisory committee members are drawn from nearly every occupational and industry group and geographical section of the United States and its territories. The FACA requires that committee memberships be "fairly balanced in terms of the points of view represented and the functions to be performed."
Selection of committee members is made based on the FACA's requirements and the potential member's background and qualifications. However, the final selection is made by the president or heads of departments or agencies.
Read next: <a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump's Potential ‘Health Czar' Robert F. Kennedy Jr. Rattles Vaccine Stocks: ‘Shoot First Reaction'</a>
Image via Flickr

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$DOGE

TSLA

Trump Forms DOGE With Elon Musk And Vivek Ramaswamy At The Helm: Will It Impact Tesla CEO's Role At The EV Giant And SpaceX?

Reported Earlier, V2X Prices Secondary Offering At $61 Per Share, No Proceeds To Company

Reported Earlier, V2X Prices Secondary Offering At $61/Share, No Proceeds To Company

The gross proceeds of the offering to 89bio, before deducting the underwriting discounts and commissions and other offering expenses payable by 89bio, are expected to be approximately $125.0 million. The offering is expected to close on or about November 14, 2024, subject to the satisfaction of customary closing conditions

ETNB

Reported Earlier, 89bio Prices Upsized $125M Public Offering Of 11,455,882 Common Stock At $8.50/Share And Pre-Funded Warrants

Davis Commodities H1 EPS $0.05 Down From $0.08 YoY, Sales $66.88M Down From $97.76M YoY

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has announced a new feature for its Find My app that allows users to share the location of lost items with third parties, including airlines.
What Happened: The new feature, called Share Item Location, is part of the iOS 18.2 public beta and will soon be available to all users as a free software update for iPhone Xs and later. 
Users can generate a secure link in the Find My app on their iPhone, iPad, or Mac to share the location of an AirTag or Find My network accessory with others.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Once the item is found, the shared location will be disabled. The owner can also stop sharing this data at any time, ensuring control over privacy. The link will also automatically expire after seven days.
This new AirTag feature will soon be accepted by over 15 airlines, including United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), and British Airways, as part of their customer service process for locating mishandled or delayed bags.
See Also: <a href="https://www.benzinga.com/24/11/41930900/marques-brownlee-apologises-for-overspeeding-in-recent-dji-sponsored-video-cuts-off-snippet-of-driving-a-lamborghini-at-96-mph-in-35-mph-zone">Marques &#8216;MKBHD&#8217; Brownlee Apologizes For Overspeeding In Recent Video, Cuts Off Snippet Of Driving A Lamborghini At 96 MPH In 35 MPH Zone</a>
Why It Matters: In 2023, a <a href="https://www.benzinga.com/news/23/10/35237271/apple-airtags-are-stalkers-weapon-of-choice-dozens-of-victims-allege-in-a-new-class-action-lawsuit">class-action lawsuit</a> was filed by dozens of victims alleging that AirTags were being used as a &#8220;weapon of choice&#8221; by stalkers. The lawsuit claimed that Apple was aware of the risks associated with its AirTags and could be held legally responsible for their misuse.
In January, the company was <a href="https://www.benzinga.com/news/24/01/36527121/apples-next-gen-airtag-launch-said-to-be-delayed-because-theres-simply-a-lot-of-unsold-original-ones">reportedly forced to delay</a> the release of its second-generation AirTag to 2025 due to an overstock of the first-generation product. The company&#8217;s existing AirTags were still performing effectively, and Apple faced minimal competition in the &#8220;Find My&#8221; network.
Apple has been working on solutions to address the misuse of AirTags. In 2023, the company <a href="https://www.benzinga.com/news/23/05/32184898/airtag-stalking-solutions-apple-and-google-submit-proposal-to-keep-users-safe">submitted a proposal</a> in partnership with Alphabet Inc.&#8217;s Google to combat unwanted tracking via Bluetooth location-tracking devices like AirTag.
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/tech/24/11/41929739/tesla-makes-1000-powerwalls-at-giga-nevada-in-a-day-as-energy-storage-segment-booms">Tesla Makes 1000 Powerwalls At Giga Nevada In A Day As Energy Storage Segment Booms</a></li>
</ul>
Photo courtesy: Unsplash
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

AAPL

Apple's AirTag Users Can Now Share Location With Airlines For Faster Recovery Of Lost Luggage

Where Food Comes From (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFCF#NASDAQ">WFCF</a>) reported quarterly earnings of $0.09 per share. This is a 30.77 percent decrease over earnings of $0.13 per share from the same period last year. The company reported $7.11 million in sales this quarter. This is a 1.37 percent increase over sales of $7.01 million the same period last year.

WFCF

Reported Earlier, Where Food Comes From Q3 EPS $0.09 Down From $0.13 YoY, Sales $7.11M Up From $7.01M YoY

Amid the evolving landscape of U.S.-China trade relations, CATL, one of the world&#8217;s largest battery manufacturer, has expressed interest in establishing a manufacturing plant in the United States. 
What Happened: Robin Zeng, the founder and chairman of CATL, shared this perspective in a recent interview. 
&#8220;Originally, when we wanted to invest in the U.S., the U.S. government said no,&#8221; he said. &#8220;For me, I'm really open-minded.&#8221;
Chinese battery and electric vehicle companies have faced significant barriers in entering the U.S. market due to protectionist trade policies initiated during Donald Trump&#8216;s first term. These measures, supported by both major political parties, were implemented over national security and competitive concerns. 
Under the Biden administration, Chinese-made batteries are ineligible for consumer EV subsidies, and vehicles with Chinese connected-car technology face restrictions. Moreover, Chinese EV imports are subject to a 100% tariff, effectively banning them from the U.S. market. 
&nbsp;&#8220;I do hope that in the future they are open to investments,&#8221; he said.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41867104/lucid-ceo-scrambles-for-damage-control-as-shares-plunge-47-this-year-as-a-major-shareholderbelieve-me-nobody-is-more-incentivized-than-me-for-success?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid CEO Scrambles For Damage Control As Shares Plunge 47% This Year: &#8216;As A Major Shareholder…Believe Me, Nobody Is More Incentivized Than Me For Success&#8217;</a>
Despite these challenges, Zeng remains optimistic about U.S. expansion, encouraged by Trump&#8217;s comments on incentivizing foreign automakers to build plants and hire workers in the U.S. Currently, CATL&#8217;s involvement in the U.S. is limited to licensing deals with companies like Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Why It Matters: During his campaign, Trump promised to hike <a href="https://www.benzinga.com/news/global/24/11/41889911/whats-going-on-with-china-based-stocks-alibaba-jd-com-pdd-holdings-baidu-nio">tariffs on foreign goods</a>, including import fees of up to 60% on Chinese-made goods entering the U.S. 
The potential entry of CATL into the U.S. market will be significant, considering the company&#8217;s ongoing efforts to expand its global EV battery supply chain. In May 2022, CATL was reportedly evaluating sites in the U.S. for manufacturing plants, with a focus on South Carolina and Kentucky, where <a href="https://www.benzinga.com/tech/22/05/27041281/tesla-battery-supplier-catl-actively-exploring-sites-for-manufacturing-plants-in-u-s-report">Ford and BMW</a> have existing facilities.
CATL&#8217;s collaboration with Tesla is seen as a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37950620/tesla-catl-power-couple-can-recharge-us-ev-market-says-morgan-stanley-analyst-adam-">potential game-changer</a> for the U.S. EV market, as noted by Morgan Stanley analyst Adam Jonas in March. Jonas highlighted the need for high-quality, affordable batteries in the U.S., suggesting that a partnership between Tesla and CATL could significantly impact the market.
Additionally, CATL&#8217;s technology has been at the center of a <a href="https://www.benzinga.com/news/large-cap/23/07/33328450/fords-3-5-billion-battery-plant-deal-with-chinese-firm-catl-draws-us-house-committee-investigation">$3.5 billion battery plant deal</a> with Ford in Michigan, which drew scrutiny from U.S. House committees in July 2023. The committees expressed concerns about the potential influence of the Chinese Communist Party over the U.S. automaker. Ford, however, maintained its commitment to owning and operating the <a href="https://www.benzinga.com/news/24/07/39745306/tesla-supplier-catl-seeks-1-5b-funding-to-expand-global-ev-battery-supply-chain">plant on U.S. soil</a>, contrasting with competitors that import batteries from China.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/41867250/warren-buffetts-apple-stake-reduction-spurs-97b-cash-surge-analysts-speculate-this-could-be-the-reason-behind-berkshire-hathaways-massive-cash-pile?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Apple Stake Reduction Spurs $97B Cash Surge—Analysts Speculate This Could Be The Reason&nbsp;Behind Berkshire Hathaway&#8217;s Massive Cash Pile</a></li>
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Image via Shutterstock
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tesla's Chinese Battery Supplier CATL 'Open Minded' About US Expansion If Trump Welcomes Chinese Investments

The Company estimates its third quarter 2024 operating margin and adjusted operating margin will each be approximately 12 percentage points lower than the operating margin and adjusted operating margin reported for the third quarter 2023 due to lower total operating revenues and higher total operating expenses. Total operating revenues are estimated to have decreased approximately $61 million compared to the third quarter 2023 primarily due to lower average yields, including the negative impact from the Company no longer charging for change and cancellation fees. Total operating expenses are estimated to have increased approximately $46 million and adjusted operating expenses are estimated to have increased approximately $52 million compared to the third quarter 2023. Total operating expenses and adjusted operating expenses are estimated to be higher year over year primarily due to an increase in aircraft rent expense, other operating expense, salaries, wages and benefits, and landing fees and other rents expense. These increases were partially offset by a decrease in aircraft fuel expense.

Guidance

SAVE

Reported Earlier, Spirit Airlines Expects Q3 Margins To Drop 12 Points Following $61M Revenue Decline And $52M Expense Surge

The Company is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the "Q3 2024 Form 10-Q") by the prescribed due date without unreasonable effort or expense. As previously disclosed, the Company has been in active and constructive discussions with holders of its senior secured notes due 2025 and convertible senior notes due 2026 (collectively, the "Noteholders") with respect to restructuring the obligations owed by the Company to the Noteholders, as well as exploring strategic alternatives and other ways to improve liquidity for the Company

Reported Earlier, Spirit Airlines Files Form 12b-25, Citing Ongoing Debt Restructuring Talks And Delays In Q3 Report

Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, believed President-elect Donald Trump's policies would weaken the dollar, driving up the value of scarcer assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) significantly.
What happened: In a blog post <a href="https://cryptohayes.substack.com/p/black-or-white">titled </a>"Black or White," published Tuesday, Hayes argued that the Trump era would see a massive expansion in bank credit, leading to an increased money supply.&nbsp;
He said that Republicans would pass bills to encourage manufacturers to establish onshore production. Subsidies and tax credits would be doled out to support such re-shoring initiatives, for which the government would incur more debt.&nbsp;
A devaluing dollar would heighten demand for Bitcoin, Hayes added.&nbsp;
"As the freely traded supply of Bitcoin dwindles, the most fiat money in history will be chasing a safe haven from not just Americans but Chinese, Japanese, and Western Europeans. Get long, and stay long."&nbsp;
A Bitcoin bull himself, Hayes anticipated the leading cryptocurrency to rise to a per-unit price of $1 million eventually under these circumstances.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Why It Matters: One of the keen observers of the cryptocurrency market and the U.S. macro economy, Hayes has <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39590057/arthur-hayes-says-bitcoin-is-superior-whereas-gold-is-inferior-heres-why">constantly advocated Bitcoin&#8217;s safe haven attributes</a>, even going so far as to say it is superior to gold.
Hayes maintains that while digital fiat, or <a href="https://www.benzinga.com/money/what-is-a-central-bank-digital-currency-cbdc">central bank digital currencies</a>, match cryptocurrencies in terms of speed, they pose inflationary challenges owing to government involvement.
He famously said that the presidential election was just a distraction and that Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41723508/bitcoin-can-ignore-the-presidential-election-as-noise-says-arthur-hayes">was poised for a long-term bullish trend regardless</a>.
Price Action: At the time of writing, Bitcoin was exchanging hands at $86,494.50 down 2.90% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo via Shutterstock.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/11/41928272/cathie-woods-ark-invest-foresees-crypto-industry-boost-under-incoming-trump-administration">Cathie Wood-Led Ark Sees Boost For Bitcoin, Crypto Under Trump Administration, Says IPO Window For Circle, Kraken Could Reopen</a></li>
</ul>

$BTC

Trump's High-Inflation Regime Will Weaken The Dollar And Push Bitcoin To $1M, Says Arthur Hayes: 'Get Long And Stay Long'

Popular tech YouTuber Marques Brownlee, also known as MKBHD, apologized for overspeeding in his recent video on Tuesday, following severe backlash from viewers.
What Happened: &#8220;Last video I did something pretty stupid. You might&#8217;ve already seen it, but maybe not so I&#8217;ll address it here. There was a clip with the action cam of me test driving a car and going way to fast. Absolutely inexcusable and dangerous,&#8221; Brownlee wrote in a post on the social media platform X.
The YouTuber added that he cut the overspeeding portion out of the video.
&#8220;I also understand that this looks like covering it up, but I think it&#8217;s the right thing to do,&#8221; Brownlee wrote while adding that there was no reason to include it in the video in the first place. 
&#8220;All I can do apologize and promise never to do anything close to that stupid again. That&#8217;s a terrible example to set and I&#8217;m sorry for it,&#8221; Brownlee wrote. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Last video I did something pretty stupid. You might&#39;ve already seen it, but maybe not so I&#39;ll address it here. There was a clip with the action cam of me test driving a car and going way to fast. Absolutely inexcusable and dangerous. I&#39;ve since cut it out of the video with…
&mdash; Marques Brownlee (@MKBHD) <a href="https://twitter.com/MKBHD/status/1856456570420257166?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The cut-away snippet showed Brownlee driving a Lamborghini at 96 mph in a 35 mph zone. The 9-minute video, posted on YouTube on Monday, was sponsored by Shenzhen-headquartered DJI and Brownlee promoted the company&#8217;s Osmo Action 5 Pro Camera.
This is not the first time in recent weeks that Brownlee has been on the receiving end of criticism. 
Brownlee recently launched Panels, a wallpaper app that charged $12 per month for access to its entire phone wallpaper collection without ads. Users flagged concerns<a href="https://www.benzinga.com/24/09/41006748/mkbhds-new-wallpaper-app-priced-at-50-per-year-receives-mixed-reviews-from-high-subscription-fee-to"> about the app&#8217;s high pricing</a> and Brownlee subsequently admitted that he &#8220;failed on the price front&#8221; at launch.
The YouTuber <a href="https://www.benzinga.com/news/24/09/41020589/tech-youtuber-mkbhd-responds-after-facing-massive-backlash-over-his-new-12-a-month-wallpaper-app">made several changes</a> to the app and its pricing following the admission.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher" target="_blank" rel="noreferrer noopener">Tesla Q4 Deliveries Expected To Set New Records But Not Enough To Avoid Yearly Sales Decline, Says Researcher</a></li>
</ul>
Photo courtesy: Wikimedia

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Marques 'MKBHD' Brownlee Apologizes For Overspeeding In Recent Video, Cuts Off Snippet Of Driving A Lamborghini At 96 MPH In 35 MPH Zone

i-80 Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#AMEX">IAUX</a>) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.02) by 250 percent. The company reported $11.509 million in sales this quarter. This is a 12.91 percent decrease over sales of $13.215 million the same period last year.

Earnings Misses

IAUX

i-80 Gold Q3 2024 Adj. EPS $(0.07) Misses $(0.02) Estimate, Sales $11.509M Down From $13.215M YoY

Ellington Credit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EARN#NYSE">EARN</a>) reported quarterly earnings of $0.28 per share which met the analyst consensus estimate. This is a 22.22 percent decrease over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $4.752 million which missed the analyst consensus estimate of $5.241 million by 9.33 percent. This is a 533.58 percent increase over sales of $(1.096 million) the same period last year.

EARN

Ellington Credit Q3 2024 Adj. EPS $0.28, Inline, Sales $4.752M Miss $5.241M Estimate

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