Latest news for TRILINC Global Impact (OTC:TRLC) Stock

TRILINC Global Impact Fund LLC is engaged in making impact investments in Small and Medium Enterprises, or SMEs, which It defines as those businesses having less than 500 employees, predominantly in developing economies that provide the opportunity to achieve both competitive financial returns and positive measurable impact. The company's business strategy is to generate competitive financial returns and positive economic, social and/or environmental impact by providing financing to SMEs, primarily in developing economies, defined as countries with national income classified by the World Bank as upper-middle income and below. Its style of investment is referred to as impact investing.

TRILINC Global Impact Fund LLC Unit - Class A

TRILINC Global Impact Fund LLC

New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.44 by 50 percent. The company reported quarterly sales of $1.137 billion which missed the analyst consensus estimate of $1.142 billion by 0.45 percent. This is a 32.08 percent increase over sales of $860.571 million the same period last year.

Earnings

Earnings Misses

News

New Oriental Education & Technology Group

New Oriental Education Q4 2024 Adj. EPS $0.22 Misses $0.44 Estimate, Sales $1.137B Miss $1.142B Estimate

Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares were on a tear in premarket trading Wednesday after the chipmaker reported <a href="https://www.benzinga.com/news/earnings/24/07/40051646/amd-shares-rebound-after-chipmaker-posts-q2-beat-guidance-tops-expectations-ceo-lisa-su-says-ai-bus">second-quarter results that exceeded expectations</a> and guided running quarter&#8217;s revenue above consensus. 
The quarterly results were underpinned by a surge in data center revenue that rose to a record. The business raked in $2.8 billion in sales, marking a 115% year-over-year increase and 21% sequential growth. AMD&#8217;s CEO Lisa Su said, &#8220;Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC and Ryzen processors.&#8221;
On the call, Su said leading cloud and enterprise providers expanded the availability of Instinct MI300X solutions. She also noted that MI300 quarterly revenue exceeded $1 billion for the first time.
See Also:<a href="https://www.benzinga.com/money/how-to-buy-amd-stock" target="_blank" rel="noreferrer noopener">&nbsp;Is Advanced Micro Devices (AMD) Stock a Good Buy?</a>
The positive sentiment generated by AMD&#8217;s strong quarterly results rubbed off on rival Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which is due to report earnings on Aug. 28.
AMD stock, which is down over 6% year-to-date, climbed 9.40% to $151.45&nbsp;in premarket trading, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> If the premarket gains hold good, the stock could wipe away its year-to-date losses. Nvidia shares rose 5.40% to $109.40 in premarket. The stock has pulled back about 24% from its July 11 high of $136.15 amid the recent tech rout.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/07/40051646/amd-shares-rebound-after-chipmaker-posts-q2-beat-guidance-tops-expectations-ceo-lisa-su-says-ai-bus">AMD Partners With Microsoft, Meta, And Google On New AI Accelerator Link Standard To Challenge Nvidia&#8217;s Dominance</a></li>
</ul>
Image Via Shutterstock

Equities

Movers

Trading Ideas

NVDA

AMD Skyrockets Over 9%, Lifting Along With AI Rival Nvidia: What's Going On

Guidance

United Microelectronics Expects Q3 Wafer Shipments to Grow by Mid Single Digit % and Firm Average Selling Price QoQ

Earnings Beats

United Microelectronics Q2 2024 GAAP EPADS $0.17 Beats $0.15 Estimate, Sales $1.750B Miss $1.762B Estimate

AMBA

Ambarella Announced That Plus's Plusvision is Now Available On Ambarella's CV3-AD AI Domain Controller Family Of Systems-on-chip (socs), Which Provides Industry Leading AI Performance Per Watt

Nouriel Roubini, the economist known for his bearish predictions before the 2008 financial crisis, is now venturing into the world of exchange-traded funds.
What Happened: Roubini is looking to launch the Atlas America Fund, an actively managed ETF that would invest in various assets, including U.S. government, corporate, and municipal bonds, real estate, equities, and gold, <a href="https://www.bloomberg.com/news/articles/2024-07-30/-dr-doom-nouriel-roubini-is-looking-to-launch-his-first-etf">reported</a> Bloomberg.
The fund aims to generate stable returns with low volatility and limited correlation with broader equity markets, protecting against downside risks during periods of financial market stress.
Roubini, who runs Roubini Macro Associates, is among a growing number of prominent economists and investors who have attached their names to ETFs. This includes Tom Lee of Fundstrat, Katie Stockton of Fairlead, and Jim Bianco of Bianco Research.
&#8220;ETFs are the present and future of asset management, so all kinds of market participants — whether tested or untested — are gravitating toward the wrapper to attempt to expand their investor base and revenues,&#8221; said Todd Sohn, an ETF strategist at Strategas.
Despite the increasing interest in ETFs, Sohn noted that &#8220;success is not guaranteed — ETF success is earned, not given.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40003571/peter-schiff-confronts-donald-trump-and-michael-saylors-never-sell-your-bitcoin-strategy-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Confronts Donald Trump And Michael Saylor&#8217;s &#8216;Never Sell Your Bitcoin&#8217; Strategy: &#8216;What&#8217;s The Point Of Owning It?&#8217;</a>
Why It Matters: Roubini, often referred to as &#8220;Dr. Doom,&#8221; gained notoriety for his predictions of the housing bubble that led to the 2008 financial crisis. He has since remained skeptical of the prolonged rise in U.S. stocks and has frequently questioned the health of the U.S. economy.
Recently, Roubini co-authored a paper in which he accused the U.S. Treasury of <a href="https://www.benzinga.com/news/24/07/39997008/janet-yellen-rejects-economist-roubinis-and-trump-era-officials-claims-of-manipulation-in-treasuries">manipulating debt issuance</a> to lower real borrowing costs across the economy, a claim that was firmly rejected by U.S. Treasury Secretary Janet Yellen.
Aside from his work at Roubini Macro Associates, Roubini is also the co-founder of Atlas Capital Team, where he is involved in developing investment strategies to protect against high-risk regimes, including out-of-control inflation, climate change, and civil unrest.
Despite his controversial views, Roubini&#8217;s investment strategies have been gaining traction. His firm&#8217;s leadership team includes individuals with previous experience at the International Monetary Fund, the World Bank, Goldman Sachs Group Inc., Binance, and BlackRock Inc.
In an interview in March, Roubini expressed concerns about a potential &#8220;no landing&#8221; scenario for the U.S. economy, which could lead to continued growth and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37477569/dr-doom-nouriel-roubini-suggests-good-news-on-growth-may-be-bad-news-for-the-market">significant market risks</a>. He suggested that &#8220;good news on growth may be bad news for the market&#8221; if it means the Federal Reserve might not cut interest rates as expected.
Additionally, Roubini has been vocal about the potential <a href="https://www.benzinga.com/news/24/03/37525388/trump-could-start-a-trade-war-with-american-allies-in-second-term-warns-dr-doom-greatest-threat-to-e">economic disruptions that could arise from a second term</a> for former President Donald Trump. He warned that Trump&#8217;s protectionist trade policies could lead to a trade war with American allies, resulting in de-dollarization and supply chain disruptions.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40002999/bitcoin-ethereum-dogecoin-move-sideways-as-trump-raises-pro-crypto-pitch-why-does-this-ana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Move Sideways As Trump Raises Pro-Crypto Pitch &nbsp;&#8211; Why Does This Analyst Think Longing King Crypto Could Soon Be A Good Option?</a></li>
</ul>
Image Via Flickr 
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>

Markets

ETFs

'Dr. Doom' Nouriel Roubini Plans To Launch His First ETF: Wall Street Veteran To Focus On Real Estate, Equities, Gold, And Bonds

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has announced a special one-time bonus for its employees after reporting fourth-quarter results and <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">beating earnings estimates</a>.
What Happened: The bonus will be equivalent to 10% to 25% of the regular annual bonus of employees. This announcement comes at the end of Microsoft&#8217;s fiscal year, coinciding with the company&#8217;s impressive performance in the cloud and AI sectors.
The bonus is also seen as a strategic move to retain talent in the competitive AI market, The Verge <a href="https://www.theverge.com/2024/7/30/24209952/microsoft-employees-are-getting-a-one-time-cash-award">reported</a> on Wednesday, citing an internal memo.
The company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">fourth-quarter earnings</a>, released on Tuesday, revealed a 15% year-over-year increase in revenue, totaling $64.7 billion. This exceeded the Street&#8217;s consensus estimate of $64.36 billion.
Microsoft has been making significant strides in <a href="https://www.benzinga.com/markets/equities/24/07/40057389/microsoft-boosts-azure-ai-with-openai-models-satya-nadella-says-we-added-new-ai-accelerators-fro">enhancing its AI capabilities</a>. The company recently integrated advanced models from OpenAI and hardware accelerators from NVIDIA Corp. and Advanced Micro Devices, Inc. into its Azure cloud platform.
Microsoft did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/24/07/40001721/thiel-reportedly-reassessing-trump-in-wake-of-vance-pick-in-spite-of-many-misgivings-he-had-earlier?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Thiel Reportedly Reassessing Trump In Wake Of Vance Pick &#8216;In Spite Of Many Misgivings&#8217; He Had Earlier This Year</a>
Why It Matters: The recent bonus announcement is in line with Microsoft&#8217;s ongoing efforts to recognize and reward its employees. In October, leaked documents revealed the different levels of pay, bonuses, and stock awards that Microsoft employees receive, providing insight into the company&#8217;s <a href="https://www.benzinga.com/general/23/10/35315233/microsoft-salaries-bonuses-stock-awards-show-up-in-leaked-documents">approach to employee compensation</a>.
Despite the recent bonus announcement, AI stocks are expected to experience a temporary dip due to the company&#8217;s <a href="https://www.benzinga.com/markets/equities/24/07/40056655/microsoft-azure-miss-to-lead-to-dip-in-ai-stocks-but-the-trade-remains-strong-predicts-gene-muns">underperformance in the Azure sector</a>. However, analysts remain optimistic about the long-term prospects of the AI industry, citing continued heavy investment in big tech infrastructure, particularly Microsoft&#8217;s Capex, which saw a 55% YoY increase.
Price Action: Microsoft Corp's stock closed at $422.92, down 0.89% on Tuesday. In after-hours trading, the stock fell further 2.72%. Despite this, the stock has risen 14.03% year to date, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/news/24/07/40029450/lindsey-graham-reportedly-tried-to-persuade-trump-to-not-pick-jd-vance-as-his-running-mate-gop-senat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lindsey Graham Reportedly Tried To Persuade Trump To Not Pick JD Vance As His Running Mate: GOP Senator Wanted This Candidate As Ex-President&#8217;s VP Pick</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>

Tech

MSFT

Microsoft To Offer One-Time Cash Reward To Employees Worth Up To 25% Of Their Bonus, After Q4 Earnings Beat Estimates: Report

Biotech

Large Cap

Health Care

General

GSK Expects 2024 Turnover Growth Of 7%-9% (Previously 5%-7%), With Core Operating Profit Growth Of 11%-13% (Previously 9%-11%), And Core EPS Growth Of 10%-12% (Previously 8%-10%)

GSK Q2 2024 Adj. EPS $1.10 Beats $0.99 Estimate, Sales $9.947B Beat $9.661B Estimate

OpenAI announced the rollout of its advanced Voice Mode to a select group of ChatGPT Plus users, promising more natural, real-time conversations and emotional responsiveness.
What Happened: On Thursday, OpenAI revealed that it has begun the rollout of its advanced Voice Mode to a small group of ChatGPT Plus users. The company stated that the new feature offers more natural, real-time conversations, allows users to interrupt at any time, and senses and responds to the user&#8217;s emotions.
The users in the alpha stage will receive an email with instructions and a message in their mobile app. OpenAI plans to add more people on a rolling basis and aims for all Plus users to have access by fall. The company also mentioned that video and screen-sharing capabilities will be launched soon.
<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">We're starting to roll out advanced Voice Mode to a small group of ChatGPT Plus users. Advanced Voice Mode offers more natural, real-time conversations, allows you to interrupt anytime, and senses and responds to your emotions. <a href="https://t.co/64O94EhhXK">pic.twitter.com/64O94EhhXK</a>
&mdash; OpenAI (@OpenAI) <a href="https://twitter.com/OpenAI/status/1818353580279316863?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/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; (CORRECTED)</a>
OpenAI has been working to reinforce the safety and quality of voice conversations as they prepare to bring this frontier technology to millions of people. They tested GPT-4o&#8217;s voice capabilities with over 100 external red teamers across 45 languages and have trained the model to speak only in the four preset voices.
Why It Matters: This announcement comes a month after OpenAI decided to <a href="https://www.benzinga.com/news/24/06/39493705/openai-postpones-launch-of-voice-assistant-a-month-after-scarlet-johansson-blasted-the-chatgpt-paren">postpone the launch</a> of its voice assistant feature for ChatGPT, citing the need to address safety issues. The company needed an additional month to improve the model's ability to detect and refuse certain content, enhance the user experience, and prepare its infrastructure for scaling to millions of users while maintaining real-time responses.
Earlier, OpenAI faced controversy when actress Scarlett Johansson<a href="https://www.benzinga.com/news/24/05/38930703/scarlett-johansson-forced-to-hire-lawyer-over-ai-voice-mimicry-by-sam-altman-led-openai-i-was-shocke"> hired legal counsel</a> against the company for allegedly replicating her voice using AI technology.
Moreover, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) recently <a href="https://www.benzinga.com/markets/equities/24/07/40057389/microsoft-boosts-azure-ai-with-openai-models-satya-nadella-says-we-added-new-ai-accelerators-fro">integrated OpenAI models</a> into its Azure cloud platform, showcasing the increasing adoption and integration of OpenAI&#8217;s advanced models in various industries.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/40057398/elon-musk-might-be-sidelining-linkedin-to-promote-x-but-microsoft-ceo-satya-nadella-says-it-continue?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Might Be Sidelining LinkedIn To Promote X, But Microsoft CEO Satya Nadella Says It Continues To See &#8216;Record Engagement&#8217;</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

OpenAI Begins Rolling Out Advanced Voice Mode To Select ChatGPT Plus Users After Scarlett Johansson Fiasco

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) shares fell late Tuesday after the software giant&#8217;s <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">cloud revenue missed forecasts </a>and forward guidance came in shy of estimates of some analysts. Market watchers and analysts apparently weren&#8217;t overly concerned by what was perceived as sore spot by investors.
Future Perfect: The conference call was bullish, with CEO Satya Nadella and CFO Amy Hood talking about stronger commercial bookings for the June quarter and hinting at acceleration in Azure revenue in the second half of the year, of a 29% baseline growth, said Wedbush analyst Daniel Ives.
&#8220;This is the most important data point from the conference call in our opinion as MSFT discussed AI monetization trends that should accelerate in FY25 as more enterprise customers head down the Azure/Copilot and AI roadmap for their organizations,&#8221; the analyst said.
Ives termed the quarter as &#8220;fine,&#8221; but not a &#8220;blowout,&#8221; typical of Microsoft&#8217;s June quarter. It disappointed some investors, Ives said, making sense of the sell-off. The guidance for headline metrics was mostly in-line, he added.
&#8220;Nothing from this quarter or conference call makes us less bullish in our AI thesis….and ultimately the validation from the key perch of Nadella and Microsoft give MORE credence to the AI Revolution story….not less despite a modest sell-off after hours,&#8221; Ives said.
Wedbush maintained an Outperform rating and a $550 price target for the shares.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best Artificial Intelligence Stocks</a>
Sell-Off Insane: CNBC Mad Money host Jim Cramer said the after-hours decline seen in Microsoft shares before the conference call was a &#8220;little insane.&#8221;
&#8220;I am saying that the decline we saw before the conference call was a little insane&#8230;By the way, Pinterest wasn&#8217;t even that bad. AMD was great,&#8221; he said.
Cloud &#8211; The Pressure Point: Microsoft beat 11 of the 12 operating metrics and the only miss was in the Intelligent Cloud business, which comprises the Azure public cloud business, said Deepwater Asset Management&#8217;s Gene Munster. The miss was only a modest 0.6%, he said. &#8220;The result: Stock is down 7%. This defines pressure point,&#8221; he added.
Looking at the Azure miss from another perspective, the tech venture capitalist said, Azure&#8217;s slight miss has a &#8220;unique sting&#8221; given it is now growing at the same pace as Alphabet, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google Cloud Platform. GCP grew at a 29% pace, he noted. This suggested Azure is gaining a share on Amazon, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS and not on GCP.
Munster also sees Microsoft&#8217;s growing capex as a good thing. The 51% year-over-year growth in capex may pressure margins in the near term but long term it would push the company higher, he said. The tech analyst expects Microsoft&#8217;s higher capex plan to bode well for companies such as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
In premarket trading on Tuesday, Microsoft shares fell 2.37% to $412.89, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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<li><a href="https://www.benzinga.com/markets/equities/24/07/40056947/nvidia-amd-microsoft-meta-tesla-why-these-5-stocks-are-on-investors-radars-today">Nvidia, AMD, Microsoft, Meta, Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a></li>
</ul>
Photo via Shutterstock

Analyst Color

Reiteration

Analyst Ratings

AMZN

GOOG

GOOGL

Microsoft's Q4 Results 'Fine' But Not 'Blowout,' Says Top Analyst: Why Azure Slight Miss Has A 'Unique Sting?'

Business&nbsp;Outlook
For the three months ended&nbsp;June 30, 2024, the Company expects its retail transaction volume to be around 4,000 units and wholesale transaction volume to be around 1,500 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and value-add-services revenue to be within the range of&nbsp;RMB390 million&nbsp;to&nbsp;RMB410 million. The Company expects its gross profit margin to remain stable. These forecasts reflect the Company&#39;s current and preliminary views on the market and operational conditions, which are subject to changes.

UXIN

Uxin Limited Expects Q1 Revenue Of RMB390M-RMB410M

Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) CEO Peter Rawlinson on Tuesday shared a short video of him driving the company&#8217;s very first pre-production Gravity SUV, <a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi">slated to start production later this year</a>. 
What Happened: &#8220;&#8230;Lucid Gravity moves another step closer to customer&#8217;s hands. Not all EVs are born equal,&#8221; Rawlinson wrote in the post. 
Rawlinson is seen in the video driving a black Gravity SUV as employees at the company&#8217;s Arizona factory cheer. 
The Gravity SUV was unveiled in November and is expected to start under $80,000, a price point close to Tesla&#8217;s premium Model X SUV which now starts at about $79,990.
The company is expected to start production of Gravity later this year.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="780" height="628" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31042257/Lucid.jpg" alt="" class="wp-image-466840" style="width:588px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31042257/Lucid.jpg 780w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31042257/Lucid-300x242.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31042257/Lucid-768x618.jpg 768w" sizes="(max-width: 780px) 100vw, 780px" /><figcaption class="wp-element-caption">Peter Rawlinson driving the first pre-production unit of Lucid Gravity &#x7C; Photo via screenshot of Rawlinson&#8217;s post</figcaption></figure>
Why It Matters: During the company's <a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi">first-quarter earnings call in May</a>, the CEO said that Gravity has a &#8220;significant opportunity&#8221; that the Model X did not capture. While the Model X is a bit car-like, the Gravity is a proper three-row SUV and is on track to become the &#8220;world&#8217;s best SUV,&#8221; he said.
Currently, Lucid's Air sedan, with a starting price of $69,900, is its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39743359/exclusive-as-lucid-gears-up-to-take-on-teslas-model-x-analysts-lay-out-the-problems">only vehicle in production</a>. The vehicle is aimed at a more premium customer base with its Grand Touring and Sapphire versions starting at $110,900 and $249,000, respectively.
After Gravity, the company also intends to start production of a high volume, midsize vehicle in late 2026, which is&nbsp;<a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi" target="_blank" rel="noreferrer noopener">expected to start at around $48,000</a>, as a&nbsp;<a href="https://www.benzinga.com/news/24/06/39135581/youtuber-mkbhd-praises-lucid-air-sapphire-if-it-couldnt-be-a-tesla-it-would-have-to-be-this" target="_blank" rel="noreferrer noopener">direct competitor&nbsp;</a>to Tesla's mass-market offerings Model 3 and Model Y.
In the second quarter of 2024, Lucid delivered 2,394 vehicles, crossing the 2000 benchmark for the first time since the company started deliveries in the fourth quarter of 2021. 
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/24/07/40059424/tesla-senior-associate-for-regulatory-credits-leaves-after-realizing-890m-in-revenue-for-ev-giant-in">Tesla Senior Associate For Regulatory Credits Leaves After Realizing $890M In Revenue For EV Giant In Q2</a></li>
</ul>
Photo courtesy: Lucid

LCID

Lucid Commences Pre-Production Of Model X Rival Gravity SUV: 'Not All EVs Are Born Equal,' Says CEO Peter Rawlinson

Uxin Q4 Sales $44.20M Down From $50.06M YoY

Recent polls exploring the matchup between Republican presidential candidate Donald Trump and Vice President Kamala Harris have confirmed <a href="https://www.benzinga.com/general/politics/24/07/40055183/trump-vs-harris-vice-president-leads-2024-election-by-1-point-hits-records-for-net-buzz-net-favo">growing momentum for the Democrats.</a> New poll results released Tuesday show that Harris is slowly closing the gap with the former president.
The Match-up: Trump led Harris by a 48%-45% margin, while 7% did not know or were unsure, according to a nationwide <a href="https://harvardharrispoll.com/wp-content/uploads/2024/07/HHP_July2024_KeyResults.pdf">survey</a> conducted by The Harris Poll and HarrisX online from July 26-28, among 2,196 registered voters. The margin of error for the total sample was plus or minus 2.1 percentage points. Harris narrowed Trump&#8217;s lead to three points, compared to the seven-point lead he had versus President Joe Biden in June.
Party-wise breakup of support showed that Trump had more support among Republicans (92%) than what Harris commanded among the Democrats (87%). Independents broke in favor of Trump, with 45% backing Trump and 39% supporting the vice president.
When first choice and leaners were considered, ie when the respondents were explicitly asked to pick between Trump and Harris, the former&#8217;s lead increased by a point. Fifty-two percent backed Trump and 48% supported Harris. 
In a three-way race with Robert Kennedy Jr. added to the ballot, Trump led Harris by three points but has seen his lead shrink from 7% in June when Biden was in the race.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40029079/biden-on-track-to-break-trumps-record-says-peter-schiff-as-us-debt-tops-35-trillion">Biden On Track To Break Trump&#8217;s Record, Says Peter Schiff, As US Debt Tops $35 Trillion And Counting</a>
Demographic Break-up: Trump was increasingly favored by men (54%), while the singularity of women (48%) threw their support behind Trump. The former president had majority support (53%) among respondents with less than a high school degree and nearly majority support (49%) among voters with a high school degree to less than a four-year college degree.
Harris commanded more support among voters with a four-year college degree or more, with 48% of this demographic group favoring her as opposed to 45% who supported Trump.
Expectedly, Trump wielded the clout with white voters, beating Harris by a 54% to 39% margin. Harris found favor with all the other racial groups, namely Black &amp; African-Americans, Hispanic, Latino or Spanish origin, Asian origin and others. Specifically with Black &amp; African Americans, she commanded 67% support, while Trump could also garner 25% support.
Voters in the urban areas aligned more with Harris (54%) than Trump (40%), while suburban and rural voters preferred the latter.
Firmness Of Choice: More Trump backers (51%) have made up their minds compared to a more modest 47% of Harris backers who are firm in their choice.
The poll also found that three in four voters have made up their mind about who they will vote for but two in five independents said they are still weighing their choices.
A majority of the voters (57%) said there should have been more competition to nominate a replacement for Biden, while the remainder said it was important to show unity and coalesce behind Harris.
If ultimately Harris were the Democratic nominee for president, 47% said she would win the Nov. 5 election as opposed to 53% who said she would lose. Although not very positive for the vice president, she has improved the Democrats&#8217; standing from the 37% Biden polled versus Trump before he quit the race.
Candidates&#8217; Forte: Harris had an upper hand in voter preference over temperament, protection of democracy, protection of the Constitution, having the right values, representing change, caring about people, and seeking bipartisanship as well as other personality traits such as trustworthiness and honesty.
On the other hand, Trump scores over on putting the country first, having the right priorities and policies, qualification for serving as president, getting things done and being a fighter and exciting.
Read Next: 
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<li>Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election <a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent073124">With Our Easy-to-Use Tool.</a></li>
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Politics

Media

Trump Vs. Harris: Vice President Wipes Away Part Of Biden's Post-Debate Deficit As Key Demographic Groups Throw In Their Weight

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) senior associate for regulatory credits Ashlee Ramanathan took to Linkedin earlier this week to announce her departure <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40030402/tesla-replaces-ford-as-morgan-stanleys-top-pick-as-brokerage-sees-potential-in-ev-g">from the company</a>, days after the company reported revenue of $890 million from the sale of regulatory credits alone in the second quarter.
What Happened: Ramanathan said in a post on LinkedIn that she made the &#8220;difficult decision&#8221; to leave a few weeks ago.
&#8220;Tesla has been more than a job: an all-consuming Mission demanding my time and efforts constantly as we closed deals to sell emissions credits to obligated parties (both automotive and oil &amp; gas companies) across the world,&#8221; she wrote. 
Talking about her plans, Ramanathan said that she would take a break for a few weeks before embarking on another job.
What Are Regulatory Credits: Regulatory credits are incentives awarded to automakers by governments for selling electric vehicles. Each company is supposed to have a minimum number of regulatory credits each year, failing which they have to buy from other companies that have excess credits.
Given that Tesla only sells EVs, they have excess credit which they sell <a href="https://www.benzinga.com/news/21/03/20002354/tesla-provided-most-of-the-362m-regulatory-credits-purchased-by-fiat-chrysler-in-2020">to other companies</a> for profit. 
Why It Matters: The sale of regulatory credits to players falling short of their emission requirements was a major revenue source for Tesla in the second quarter as <a href="https://www.benzinga.com/news/24/07/39953878/teslas-energy-and-storage-segment-doubles-revenue-in-q2-to-make-up-for-decline-in-car-sales">revenue from car sales</a> dipped 9.3% year on year to $18.53 billion. Revenue from automotive regulatory credit sales in the meantime jumped 216% from just $282 million in the second quarter of 2023. 
&#8220;We recognized record regulatory credit revenues in Q2 as other OEMs are still behind on meeting emissions requirements,&#8221; Tesla announced during its second-quarter earnings last week.
According to Tesla&#8217;s 10Q filing, the company has unsatisfied or partially unsatisfied contracts for the sale of regulatory credits worth $4.9 billion as of June 30. Of this whopping amount, $459 million is expected to be recognized in the next 12 months and the remaining over a period of time. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/07/40034205/transportation-secretary-pete-buttigieg-says-china-understands-strategic-value-of-dominating-market">Transportation Secretary Pete Buttigieg Says China Understands &#8216;Strategic Value&#8217; Of Dominating Market, Terms Ideological Differences On EVs &#8216;Frustrating:&#8217; &#8216;There Should Be Nothing Ideological About That…&#8217;</a></li>
</ul>
Photo via Shutterstock

TSLA

Tesla Senior Associate For Regulatory Credits Leaves After Realizing $890M In Revenue For EV Giant In Q2

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has been criticized for its AI assistant&#8217;s false denial of an <a href="https://www.benzinga.com/news/24/07/39897484/why-was-the-secret-services-protective-perimeter-in-butler-shorter-than-the-range-of-an-ar-15-aoc-as">attempted assassination</a> on former President Donald Trump. However, now the company has finally addressed the issue.
What Happened: In a blog post on Tuesday, Joel Kaplan, the global head of policy at Meta, addressed the issue labeling the AI&#8217;s responses as &#8220;unfortunate.&#8221; He attributed <a href="https://www.benzinga.com/news/24/03/37559453/godfather-of-ai-explains-why-chatgpt-copilot-and-other-ai-chatbots-hallucinate">the error to &#8220;hallucinations,&#8221;</a> a common problem across all generative AI systems.
&#8220;Our systems were working to protect the importance and gravity of this event,&#8221; he stated, adding, &#8220;Rather than have Meta AI give incorrect information about the attempted assassination, we programmed it to simply not answer questions about it after it happened.&#8221; 
See Also: <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>
He also addressed the <a href="https://www.benzinga.com/news/24/07/39869982/mark-zuckerberg-calls-trumps-response-to-assassination-attempt-bad-s-days-after-ex-president-threate">issue of Trump&#8217;s picture after the</a> attempted assassination labeled as a &#8220;fact check.&#8221; Kaplan said a doctored photograph of the former President with his fist in the air was circulating in which the Secret Service agents were shown as smiling.
&#8220;Because the photo was altered, a fact check label was initially and correctly applied,&#8221; he stated, adding, that because of the similarities between the doctored and original image, the system mistakenly applied the fact-check label to the real photo too.
After Meta posted this blog post, Trump took to Truth Social and slammed both Meta and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), stating, &#8220;GO AFTER META AND GOOGLE. LET THEM KNOW WE ARE ALL WISE TO THEM, WILL BE MUCH TOUGHER THIS TIME.&#8221;
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.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31022051/Screenshot-2024-07-31-at-11.50.40%E2%80%AFAM-1024x773.png" alt="" class="wp-image-466643" /></figure>
Why It Matters: Alphabet&#8217;s Google has also been facing allegations of censoring search results related to the <a href="https://www.benzinga.com/general/entertainment/24/07/39966459/donald-trumps-maga-hat-from-assassination-attempt-gets-12m-offer-how-price-tag-compares-to-">Trump assassination attempt</a>. The search and advertising tech giant has also addressed this issue on Tuesday via a thread on Elon Musk&#8217;s X, formerly Twitter.
Google said that autocomplete was not generating predictions for queries about the assassination attempt due to outdated built-in protections related to political violence. However, this has now been resolved.
&#8220;Some people also posted that searches for &#8216;Donald Trump&#8217; returned news stories related to &#8216;Kamala Harris.&#8217; These labels are automatically generated based on related news topics, and they change over time,&#8221; the tech giant said.
<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">Over the past few days, some people on X have posted claims that Search is "censoring" or "banning" particular terms. That's not happening, and we want to set the record straight. The posts relate to our Autocomplete feature, which predicts queries to save you time. Autocomplete…
&mdash; Google Communications (@Google_Comms) <a href="https://twitter.com/Google_Comms/status/1818367619977646103?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Check out more of Benzinga'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;
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40027527/mark-zuckerberg-gets-triggered-by-closed-ai-models-at-siggraph-2024-drops-f-bomb-while-talking-with?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Gets Triggered By Closed AI Models At SIGGRAPH 2024, Drops F-Bomb While Talking With Nvidia CEO Jensen Huang: ‘There Goes Our Broadcast Opportunity'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Mark Zuckerberg's Meta Blames Hallucination For AI Assistant Incorrectly Denying Trump Assassination Attempt — But What About Google?

NKLA

Reported Earlier, Nikola And ITD Industries Open Ontario's First Hydrogen Station For Heavy-Duty Transport

Bitvavo, the largest cryptocurrency Euro spot exchange globally, and Nasdaq (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ndaq#NASDAQ">NDAQ</a>) today announced an agreement that will see the digital asset exchange use Nasdaq&#39;s Market Surveillance technology across its
Bitvavo, the largest cryptocurrency Euro spot exchange globally, and Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) today announced an agreement that will see the digital asset exchange use Nasdaq&#39;s Market Surveillance technology across its platform. With this agreement, Bitvavo is seeking to further enhance the trust, transparency, and integrity of its marketplace by enabling its compliance framework to keep pace with the rapid growth and development of the business.
Bitvavo, established in 2018 in Amsterdam, is a leading European cryptocurrency trading exchange with over 1.5 million users and seeks to offer a comprehensive and user-friendly platform where users can buy, sell, and store over 300 digital assets at competitive trading fees. Bitvavo is registered with the Central Bank of the Netherlands (DNB).
The functionality will enable Bitvavo to further enhance detection of market abuse through detailed trading insights and visualizations, replay its order book with a consolidated audit trail across asset classes, and interrogate suspicious activity through a wide range of alerts. The scalable platform will also optimize Bitvavo&#39;s case workflow through the Nasdaq Market Surveillance event analysis and processing framework, and produce granular reports to share with regulators.

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

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NDAQ

Bitvavo Partners with Nasdaq to Boost Market Surveillance, Enhancing Crypto Exchange Trust

&quot;Allegiant pilots are proud to serve their customers and get them safely to their destinations every day. They are invested in Allegiant&#39;s success and are urging management to invest in pilots as other airlines have done to prevent another avoidable labor dispute with the carrier,&quot; said Captain&nbsp;Jim Clark, Assistant Trustee at Local 2118.&nbsp;&nbsp;
Across the airline industry, pilots have secured significant improvements to their working conditions and compensation in recent years. However, as contract negotiations between Allegiant Air and Teamsters Local 2118 enter their fourth year, Allegiant Air is demanding that pilots agree to concessionary changes to their schedules and other parts of their contract that impact quality of work life to pay for increases in compensation that still leave Allegiant pilots far behind their industry peers operating the same type of aircraft.

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