Latest news for Tsuruha Holdings (OTC:TSUSF) Stock

Tsuruha Holdings Inc manages pharmaceutical companies in Japan, where the drugstore business is the core of their operations. The company generates revenue through selling prescription and over-the-counter drugs, medical supplies, nursing care products, discount cosmetics, health products, and a miscellaneous assortment of general merchandise. Tsuruha also provides blood testing services, disease prevention solutions, and at-home drug delivery services.

TSURUHA HOLDINGS INC ORD by Tsuruha Holdings, Inc.

Tsuruha Holdings Inc

Earnings

News

HAFN

Hafnia Ltd Reported Q3 EPS of $0.42 Vs $0.33 Est

Hafnia Ltd Reported Q3 Revenue Of $497.9M Vs $365.67M Est

Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) founder Charles Hoskinson, a co-founder of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), predicted Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could surge to between $250,000 and $500,000 within the next 12 to 24 months, citing growing institutional investment and <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198909/trump-linked-crypto-platform-world-liberty-financial-appoints-justin-sun-as-advisor-after-30-million-investment">emerging decentralized finance opportunities</a>.
What Happened: In a recent <a href="https://www.youtube.com/watch?v=1qh7PlT2tq4">livestream</a> from Colorado, Hoskinson emphasized Bitcoin&#8217;s transformative potential, describing it as more than just a cryptocurrency but a strategic asset for governments and institutions worldwide. 
Hoskinson has deep roots in the cryptocurrency ecosystem and highlighted Bitcoin&#8217;s evolution from a &#8220;dormant project&#8221; to a potentially revolutionary financial technology.
The cryptocurrency veteran believes Bitcoin&#8217;s ecosystem could experience unprecedented growth, particularly with the development of DeFi layers that could dramatically expand its utility. 
He stated that &#8220;governments are considering Bitcoin as a strategic reserve asset,&#8221; drawing a parallel to gold&#8217;s historical role as a store of value. Hoskinson predicted that &#8220;Bitcoin-based DeFi will surpass all other ecosystems within 24 to 36 months.&#8221;
In a keynote speech at a Bitcoin conference in Nashville, Tennessee, this past July, President-elect Donald Trump pledged to establish the United States as the &#8220;crypto capital of the planet&#8221; and indicated plans to create a Bitcoin strategic reserve utilizing the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">cryptocurrency held by the government</a>.
See Also: <a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a>
Why It Matters: The prediction comes amid a volatile cryptocurrency landscape. Recent data shows Bitcoin experiencing significant price fluctuations, with long-term holders offloading 728,000 coins in the past 30 days—the l<a href="https://www.benzinga.com/24/11/42206056/bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-analyst-anticipates-strong-buyback-pressure-to-follow-sell-pressure">argest sell-off since April</a>. 
Despite short-term volatility, market analysts remain cautiously optimistic. Haider Rafique, Global Chief Marketing Officer at OKX exchange, noted the significant profit potential for investors, with the <a href="https://www.benzinga.com/24/11/42206056/bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-analyst-anticipates-strong-buyback-pressure-to-follow-sell-pressure">average holding price around $30,000</a>.
While bullish on Bitcoin, Hoskinson remains committed to Cardano&#8217;s role in the broader cryptocurrency ecosystem. He positioned Cardano as a &#8220;spiritual successor to Bitcoin&#8221; and emphasized the importance of creating hybrid applications that integrate Bitcoin functionality, showcasing his continued innovation in the blockchain space.
Price Action: Bitcoin the leading cryptocurrency by market capitalization, is currently trading at $93,201.11. The price has risen by 1.74% over the past 24 hours and 0.63% over the last seven days, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198180/dogecoin-gets-its-first-exchange-traded-product-in-sweden">Dogecoin Gets Its First Exchange-Traded Product In Sweden</a></li>
</ul>
Image via Pexels
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

Markets

$ADA

$BTC

$ETH

Bitcoin Could Surge To $500K Amid DeFi Boom, Trump's Pledge To Establish A BTC Strategic Reserve, Says Cardano Founder Charles Hoskinson

Investors who supported Elon Musk&#8216;s acquisition of Twitter are reportedly seeing significant returns due to the rising valuation of his AI company, xAI. These investors, who received a 25% stake in xAI, are poised for substantial gains.
What Happened: xAI, founded by Musk last year, is reportedly nearing the completion of a $5 billion fundraising round. This could potentially double its valuation to $50 billion within six months, offsetting some of the unrealized losses from the Twitter deal. Notable beneficiaries include Fidelity, Oracle co-founder Larry Ellison, Saudi Prince Alwaleed bin Talal, and Jack Dorsey.
The strategic intertwining of Musk&#8217;s ventures, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, underscores the benefits for those backing his enterprises. The latest funding round will bring xAI&#8217;s total investment to approximately $11 billion, crucial for its AI model development and supercomputer infrastructure, the Financial Times <a href="https://www.ft.com/content/5c9ca1f6-b6fe-4c96-84e2-38e3eee90f3b">reported</a> on Wednesday.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42152684/musk-tweet-sparks-dogecoin-surge-fuels-speculation-on-x-payments?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Tweet Sparks Dogecoin Surge, Fuels Speculation On X Payments</a>
Despite Twitter&#8217;s declining value, xAI&#8217;s growth has been advantageous for Musk&#8217;s backers, who initially contributed $7.1 billion for the Twitter takeover. The Financial Times noted that only previous xAI investors could participate in the latest fundraising, maintaining their stake undiluted.
xAI is yet to respond to Benzinga&#8217;s queries.
Why It Matters: The rise in xAI&#8217;s valuation comes as the company seeks to raise <a href="https://www.benzinga.com/24/11/42022077/elon-musks-xai-seeks-6b-at-50b-valuation-to-acquire-100k-nvidia-chips-for-memphis-data-center">up to $6 billion </a>to acquire 100,000 Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips for its Memphis data center. This move is part of xAI&#8217;s strategy to bolster its AI capabilities and infrastructure.
Additionally,&nbsp;Cathie Wood&#8216;s ARK Venture Fund&nbsp;has <a href="https://www.benzinga.com/markets/24/11/42180383/want-to-invest-in-spacex-and-xai-cathie-woods-ark-venture-fund-brings-musks-private-companies-to-your-portfolio">opened up investment opportunities</a> in Musk&#8217;s private ventures, including xAI, SpaceX, and the rebranded social media platform X. The&nbsp;ARK Venture Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKVX#NASDAQ">ARKVX</a>) would give exposure to the companies, with xAI representing 1.5%&nbsp;of the portfolio.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/42183055/elon-musk-slams-californias-proposal-to-shut-tesla-evs-out-of-consumer-rebates-in-state-this-is-insane?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Slams California&#8217;s Proposal To Shut Tesla EVs Out Of Consumer Rebates In State: &#8216;This Is Insane&#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.
Photo via Shutterstock

Tech

General

ARKVX

NVDA

TSLA

Jack Dorsey, Larry Ellison Among Elon Musk's Twitter Backers Set To Gain Windfall From xAI Deal

Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.45 by 24.44 percent. This is a 5.56 percent decrease over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $490.36 million which beat the analyst consensus estimate of $361.42 million by 35.68 percent. This is a 30.04 percent increase over sales of $377.08 million the same period last year.

Frontline Q3 Adj. EPS $0.34 Misses $0.45 Estimate, Sales $490.36M Beat $361.42M Estimate

Arbe Robotics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBE#NASDAQ">ARBE</a>) will release earnings results for its third quarter, before the opening bell on Wednesday, Nov. 27.
Analysts expect the Tel Aviv-Yafo, Israel-based bank to report a quarterly loss at 11 cents per share, versus a year-ago loss of 10 cents per share. Arbe Robotics projects to report revenue of $450 thousand for the recent quarter, compared to $479 thousand a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Nov. 4, Arbe Robotics announced the closing of up to $49 million public offering.
Arbe Robotics shares fell 1% to close at $1.91 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/599ecad3ca17380001263601/suji-desilva">Roth MKM analyst Suji Desilva</a> maintained a Buy rating and cut the price target from $4 to $2 on March 8. This analyst has an accuracy rate of 75%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d5296ab85e930001416e5c/gary-mobley">Wells Fargo analyst Gary Mobley</a> maintained an Overweight rating and slashed the price target from $5 to $4 on March 8. This analyst has an accuracy rate of 71%.</li>
</ul>
Considering buying ARBE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="554" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021944/image-285-1024x554.png" alt="" class="wp-image-666760" style="width:660px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021944/image-285-1024x554.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021944/image-285-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021944/image-285-768x415.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021944/image-285.png 1171w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

ARBE

Top Wall Street Forecasters Revamp Arbe Robotics Price Expectations Ahead Of Q3 Earnings

The CNN Money Fear and Greed index showed a slight improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Dow Jones index and S&amp;P 500 surging to fresh record levels during the session.
Dick&#8217;s Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) reported upbeat earnings for its third quarter. Kohl's Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) reported worse-than-expected third-quarter results, cut its FY24 EPS guidance, and projected a net sales decrease of 7%-8%. Best Buy Co., Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) reported weaker-than-expected earnings for its fiscal 2025 third quarter.
On the economic data front, the S&amp;P CoreLogic Case-Shiller home price index rose 4.6% year-over-year in September versus a 5.2% increase in August. Sales of new single-family homes in the U.S. dipped by 17.3% to an annualized rate of 610,000 in October.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, communication services, and consumer discretionary stocks recording the biggest gains on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 124 points to 44,860.31 on Tuesday. The S&amp;P 500 rose 0.57% to 6,021.63, while the Nasdaq Composite rose 0.63% to close at 19,175.58 during Tuesday's session.
Investors are awaiting earnings results from Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) and Golden Ocean Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 64.4, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 64.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Long Ideas

GOGL

Dow, S&P 500 Settle At Record Highs, Best Buy Reports Weaker Than Expected Earnings: Fear Index Remains In 'Greed' Zone

Frontline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) will release earnings results for the third quarter, before the <a href="https://www.benzinga.com/quote/FRO/earnings">opening bell on Wednesday, Nov. 27</a>.
Analysts expect Frontline to report quarterly earnings at 38 cents per share. That's up from 36 cents per share a year ago. The Limassol, Cyprus-based company projects to report quarterly revenue of $317.59 million, compared to $232.03 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Aug. 30, Frontline reported better-than-expected second-quarter sales results.
Frontline shares fell 5% to close at $18.07 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TJX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Jefferies analyst Omar Nokta maintained a Buy rating and cut the price target from $30 to $26 on Nov. 14. This analyst has an accuracy rate of 70%.</li>
<li>BTIG analyst Gregory Lewis upgraded the stock from Neutral to Buy with a price target of $30 on Oct. 7. This analyst has an accuracy rate of 76%.</li>
<li>Evercore ISI Group analyst Jonathan Chappell maintained an Outperform rating and cut the price target from $33 to $32 on July 23. This analyst has an accuracy rate of 70%.</li>
<li>JP Morgan analyst Samuel Bland maintained a Neutral rating and cut the price target from $23 to $22.3 on March 1. This analyst has an accuracy rate of 72%.</li>
<li>Deutsche Bank analyst Amit Mehrotra upgraded the stock from Hold to Buy with a price target of $26 on Jan. 9. This analyst has an accuracy rate of 72%.</li>
</ul>
Considering buying FRO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="583" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284-1024x583.png" alt="" class="wp-image-666749" style="width:667px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284-1024x583.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284-768x437.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27021136/image-284.png 1073w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>

Frontline Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Golden Ocean Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) reported quarterly earnings of $0.28 per share which missed the analyst consensus estimate of $0.33 by 15.15 percent. This is a 100 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $260.621 million which beat the analyst consensus estimate of $195.750 million by 33.14 percent. This is a 17.58 percent increase over sales of $221.663 million the same period last year.

Earnings Beats

Earnings Misses

Golden Ocean Group Q3 2024 GAAP EPS $0.28 Misses $0.33 Estimate, Sales $260.621M Beat $195.750M Estimate

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Frontline Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) to report quarterly earnings at 45 cents per share on revenue of $361.42 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Frontline shares rose 1.1% to $18.26 in after-hours trading.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) reported in-line earnings for its fourth quarter, while sales topped estimates. HP said it expects first-quarter adjusted earnings of between 70 cents and 76 cents per share, versus the 85 cent estimate, and fiscal 2025 earnings of between $3.45 and $3.75 per share, versus the $3.60 estimate. HP shares fell 7.4% to $36.19 in the after-hours trading session.</li>
<li>Analysts are expecting Golden Ocean Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) to post quarterly earnings at 32 cents per share on revenue of $195.75 million. The company will release earnings before the markets open. Golden Ocean shares gained 0.4% to $10.90 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported better-than-expected earnings for its third quarter, while sales missed estimates. The company reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year. Dell shares tumbled 11.3% to $125.75 in the after-hours trading session.</li>
<li>CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) posted upbeat results for its third quarter. The company said it expects fourth-quarter revenue to be between $1.029 billion and $1.035 billion versus estimates of $1.03 billion. The company anticipates fourth-quarter adjusted earnings of 84 cents to 86 cents per share versus estimates of 86 cents per share. CrowdStrike shares fell 5.7% to $343.38 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

CRWD

DELL

HP, CrowdStrike And 3 Stocks To Watch Heading Into Wednesday

The shares of common stock are expected to begin trading on the NYSE American under ticker symbol "VENU" on November 27, 2024. The offering is expected to close on November 29, 2024, subject to customary closing conditions.
The Company intends to use the net proceeds from the offering to fund the expansion of its business operations, further development of Company services, business promotion activities, and for working capital and general corporate purposes, including general market expansion and due diligence efforts to explore the opening of new restaurant, entertainment, and music venues.

IPOs

VENU

Reported Earlier, Venu Holding Prices $12M Initial Public Offering Of 1.2M At $10/Share

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fmaximus.com%2F&amp;esheet=54158762&amp;newsitemid=20241126626604&amp;lan=en-US&amp;anchor=Maximus&amp;index=1&amp;md5=26f28e5ecebffe14bcf89e1d5a14ed8b">Maximus</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMS#NYSE">MMS</a>) is pleased to announce that the U.S. Department of Health and Human Services, Centers for Medicare &amp; Medicaid Services (CMS) has withdrawn their early re-procurement of the Contact Center Operations (CCO) 1-800-MEDICARE and Federal Marketplace contract. The early re-procurement of the contract would have otherwise caused Maximus to recompete for the same scope of work it currently performs under its contract today. The current contract retains its available option periods until 2031.

Reported Earlier, Maximus Retains Key CMS Contract, Securing Contact Center Operations Through 2031

The shares are expected to begin trading on the NYSE American under the ticker symbol "BRIA" on November 27, 2024. The Offering is expected to close on November 29, 2024, subject to customary closing conditions.

BRIA

Reported Earlier, BrilliA Prices $10M Initial Public Offering Of 2.5M Class A Common Share At $4/Share

Business Outlook
For the fourth quarter of 2024, the Company expects net revenues to be between US$546 million and US$563 million. This forecast reflects the Company's current and preliminary views on the market, operational conditions and business strategies, which are subject to changes, particularly as to the potential impact from increasing macroeconomic uncertainties.

Guidance

JOYY Q4 Outlook: Expects Net Revenues To Be Between $546M-$563M Vs. $564.667M

In a big legal win for the cryptocurrency industry, a U.S. appeals court has overturned sanctions imposed by the Treasury Department on popular cryptocurrency mixer, Tornado Cash, causing the price of the associated coin to zoom 430%.
What Happened: A three-judge panel from the Fifth Circuit Appeals Court in New Orleans on Tuesday <a href="https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rWi4YTmtAT5I/v0">concluded </a>that&nbsp;the Office of Foreign Assets&nbsp;Control (OFAC) had exceeded its authority, reversing a lower court&#8217;s decision and granting a partial summary judgment in favor of Tornado Cash users.
The judges ruled that Tornado Cash&#8217;s immutable smart contracts do not qualify as&nbsp;property under the International Emergency&nbsp;Economic Powers Act (IEEPA)—a federal law that grants sweeping powers to the president to control economic transactions—as they cannot be owned or controlled. 
&#8220;We hold that&nbsp;Tornado Cash's immutable smart contracts&nbsp;(the lines of privacy-enabling software&nbsp;code) are not the "property"&nbsp;of a foreign national or&nbsp;entity, meaning (1) they cannot&nbsp;be blocked under IEEPA, and&nbsp;(2) OFAC overstepped its congressionally&nbsp;defined authority,&#8221; Circuit Judge Don Willett wrote in the judgment.
The Treasury Department didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a>
The ruling was cheered by influential names in the industry like Coinbase CEO Brian Armstrong and the company&#8217;s Chief Legal Officer Paul Grewal who described it as a &#8220;historic win for crypto.&#8221;
&#8220;Proud of this outcome. The courts ruled in our favor that the Treasury Department cannot sanction open-source code.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Proud of this outcome. The courts ruled in our favor that <a href="https://twitter.com/USTreasury?ref_src=twsrc%5Etfw">@USTreasury</a> cannot sanction open source code.<a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> will keep holding government accountable to protect your freedoms. <a href="https://t.co/RbrPsm8ZMH">https://t.co/RbrPsm8ZMH</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1861566170928693622?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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Hayden Adams, Founder of Uniswap Labs, the firm behind the leading decentralized exchange Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>), said, &#8220;Holy sh&#x2A;t. Immutable smart contracts just beat the Treasury Department in court.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">holy shit immutable smart contracts just beat the treasury department in court &quot;we hold that Tornado Cash&#39;s immutable smart contracts (the lines of privacy-enabling software code) are not the &quot;property&quot; of a foreign national or entity, meaning (1) they cannot be blocked under… <a href="https://t.co/KROajcEGhq">https://t.co/KROajcEGhq</a> <a href="https://t.co/qYpMa6vpe3">pic.twitter.com/qYpMa6vpe3</a>
&mdash; Hayden Adams &#x1f984; (@haydenzadams) <a href="https://twitter.com/haydenzadams/status/1861568401673498882?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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Why It Matters: The ruling followed a turbulent period for Tornado Cash, which was <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36190138/vivek-ramaswamy-thinks-penalizing-tornado-cash-mixer-was-illegal-and-unconstitutional" target="_blank" rel="noreferrer noopener">blacklisted</a> by the department in 2022, making it illegal for U.S. citizens, residents, and companies to use the platform.
In August 2023, the platform&#8217;s founders,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34010989/tornado-cash-founders-indicted-for-1b-crypto-laundering-1-arrest-1-at-large">Roman Storm and Roman Semenov, were indicted</a>&nbsp;for allegedly laundering over $1 billion through the cryptocurrency mixer, including funds from the notorious North Korean cybercrime group, Lazarus Group.
Critics argued that Tornado Cash is software, not an individual and that the Treasury had overstepped its authority by sanctioning the mixing service. This sentiment was echoed by Vivek Ramaswamy, a prominent member of the incoming Donald Trump administration, who argued that penalizing an entire protocol was &#8220;illegal and unconstitutional.&#8221;
For the curious, a cryptocurrency tumbler, also known as a mixer, is a service that mixes cryptocurrency funds to make them harder to trace. The goal is to improve the anonymity of cryptocurrencies, especially Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), whose public ledgers are otherwise easily available.
Price Action: Following the ruling, the price of the associated token Tornado Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TORN</a>) exploded 430%, 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>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/government/regulations/24/11/42206456/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-sec-set-to-lose-its-grip-over-crypto">Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto?</a></li>
</ul>

$TORN

$UNI

'Historic Win For Crypto:' Court Overturns Treasury Sanctions On Tornado Cash, Associated Token Skyrockets 430%

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) on Tuesday revamped its referral program across North America, as it looks to race to its <a href="https://www.benzinga.com/news/24/10/41443856/tesla-offers-discounts-of-up-to-4k-on-select-model-3-y-vehicles-as-it-looks-to-avert-1st-ever-declin">delivery target of 515,000 vehicles</a> in the fourth quarter.
What Happened: Tesla's updated referral program includes enhanced discounts and rewards, with specific incentives for the Cybertruck.
The changes were announced via one of Tesla&#8217;s official accounts on X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big update to Tesla Referral Program in the US &amp; CA You can now earn $1000 by giving someone else up to $2000 off a new Tesla If taking delivery before 12/31, they&#39;ll also get 3 months of free FSD Supervised + unlimited Supercharging Good one to send to the Thanksgiving group… <a href="https://t.co/DRpmgZCvAp">pic.twitter.com/DRpmgZCvAp</a>
&mdash; Tesla North America (@tesla_na) <a href="https://twitter.com/tesla_na/status/1861428189546807462?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
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Customers can earn $1,000 for each successful referral, while the new buyer can receive&nbsp;up to $2,000 off a&nbsp;new Tesla.
Additionally, those who&nbsp;take delivery before the end&nbsp;of 2024 will benefit from three&nbsp;months of free FSD (Supervised)&nbsp;and unlimited Supercharging.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42156817/tesla-rivian-settle-battery-tech-theft-dispute-after-nearly-4-years?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft</a>
The program applies to the&nbsp;Model S, Model 3, Model&nbsp;X, Model Y, and Cybertruck.
Buyers&nbsp;of the Model S, Model&nbsp;X, and Cybertruck can enjoy&nbsp;a $2,000 discount, while Model&nbsp;3 and Model Y buyers&nbsp;are eligible for a $1,000&nbsp;discount in the U.S.
Referrers in the U.S. can earn up to $10,000 via referrals, while Canadian participants can earn up to CAD13,000. Participants also have a chance&nbsp;to win an invitation to&nbsp;a future Tesla event.
Why It Matters: Tesla&#8217;s enhanced referral program is part of a broader strategy to boost sales in the fourth quarter. The company recently started offering unlimited overnight charging via the&nbsp;<a href="https://www.benzinga.com/markets/equities/24/11/42081589/tesla-electric-offers-unlimited-overnight-charging-for-just-5-a-month-as-ev-giant-races-toward-5">Tesla Electric service</a>, down from $15 a month, aiming to attract more buyers.
This follows&nbsp;<a href="https://www.benzinga.com/news/24/10/41443856/tesla-offers-discounts-of-up-to-4k-on-select-model-3-y-vehicles-as-it-looks-to-avert-1st-ever-declin">discounts of up to $4,000</a>&nbsp;on select&nbsp;Model 3 and Model Y&nbsp;vehicles to avoid a decline in annual deliveries.
Despite these efforts,&nbsp;<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">analysts predict</a>&nbsp;that Tesla&#8217;s Q4 deliveries will set new records but may not prevent a yearly sales decline. The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">potential removal of the $7,500 EV tax credit</a> by the incoming Trump administration could further affect Tesla&#8217;s sales, as highlighted by&nbsp;<a href="https://www.benzinga.com/news/global/24/11/41998381/tesla-earnings-will-be-hit-hardest-if-7500-ev-credit-is-cut-warns-gary-black-citing-80-dependence-on-ev-sales-please-do-the-math">Gary Black</a>, who warns of significant earnings impact if the credit is cut.
Price Action: Tesla stock declined marginally by 0.1% on Tuesday to close at $338.23 but gained 0.6% in after-hours trading. Year-to-date, Tesla shares are up 36.2%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">Benzinga Pro data</a>, the consensus rating from analysts is "Neutral" for the Tesla stock. The highest price target is $400, while the consensus price target is 232.20, implying a 45% downside.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="947" height="357" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating.jpg" alt="" class="wp-image-666691" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating.jpg 947w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating-300x113.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating-768x290.jpg 768w" sizes="(max-width: 947px) 100vw, 947px" /></figure>
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 Next:
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<li><a href="https://www.benzinga.com/government/regulations/24/11/42160725/tesla-faces-environmental-violations-as-elon-musks-doge-prepares-for-garbage-collection-of-rules-that-dont-make-sense-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Faces Environmental Violations As Elon Musk&#8217;s &#8216;DOGE&#8217; Prepares For &#8216;Garbage Collection Of Rules That Don't Make Sense</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tesla

Tesla Sweetens Referral Program, Allowing Customers To Earn Up To $10,000 As Elon Musk's EV Giant Races To 500K Q4 Delivery Target

Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) experienced a significant stock decline on Tuesday, shedding 10.4% after announcing the termination of two critical loan agreements with major financial institutions.
What Happened: The company disclosed in a Securities and Exchange Commission filing that it had prepaid and terminated loan agreements with Cathay Bank and Bank of America N.A. on Nov 20. This move comes amid ongoing challenges with Nasdaq listing requirements and delayed financial reporting.
SMCI, a prominent server manufacturer known for its AI system infrastructure supporting NVIDIA Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips, has been navigating a turbulent financial period. The company recently faced a potential delisting threat after failing to meet Nasdaq&#8217;s filing requirements.
See Also: <a href="https://www.benzinga.com/general/market-summary/24/11/42206673/trumps-running-mate-vice-president-pick-and-venture-capitalist-jd-vance-holds-etfs-bitcoin-and-more-here-is-a-look-at-his-portfolio">JD Vance&#8217;s Investment Playbook Has Bitcoin And ETFs: Here&#8217;s What Else The VP-Elect Is Betting On</a>
Why It Matters: The stock experienced a dramatic rally, <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42166890/smci-surges-65-in-a-week-but-is-volatility-the-new-normal">surging 65% in a single week</a>. Shares rose from $20.03 on Nov 18 to $33.15 on Nov. 22, attempting to recover from a six-month slump that previously erased nearly 60% of its value.
With a market capitalization of $17.39 billion, the company maintains a relatively low price-to-earnings ratio of 17.15.
Super Micro Computer has hired a new independent auditor and committed to filing its <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42166890/smci-surges-65-in-a-week-but-is-volatility-the-new-normal">earnings report soon</a>. 
Price Action: As of the latest trading session, the stock is priced at $34.42, reflecting a decline of 10.40% on Tuesday. Despite the recent drop, the stock has experienced a year-to-date gain of 20.54%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/11/42205763/disney-reaches-43m-settlement-in-gender-pay-discrimination-lawsuit-women-can-expect-equitable-treatment-moving-forward">Disney Reaches $43M Settlement In Gender Pay Discrimination Lawsuit: &#8216;Women Can Expect Equitable Treatment&#8217; Moving Forward</a></li>
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Image via Shutterstock
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.

Equities

SMCI

SMCI Stock Slumps 10% As Loan Agreements With Banks End Amid Ongoing Nasdaq Challenges

China's Huawei Technologies will replace Google's Android with its in-house developed operating system in smartphones and tablets starting next year.
What Happened: On Tuesday, at a live-streamed event, Huawei announced that its Mate 70 series will debut HarmonyOS Next, the latest iteration of the company's operating system, <a href="https://www.bloomberg.com/news/articles/2024-11-26/huawei-plans-to-drop-android-entirely-in-gadgets-from-2025?leadSource=uverifywall">reported</a> Bloomberg.
The Mate 70 and Mate 70 Pro will be available on Dec. 4, marking the company's first flagship phones without any reliance on Android, the open-source OS by Alphabet Inc.'s (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>) Google.
Richard Yu, chairman of Huawei's consumer business group said that the Mate 70 series is expected to deliver a 40% performance boost over its predecessor. The device has a starting price of $760 (5,499 yuan) for the 6.7-inch model.
See Also: <a href="https://www.benzinga.com/24/11/42155932/apple-black-friday-2024-get-up-to-200-in-gift-cards-on-iphones-macs-airpods-and-more-heres-everything-you-need-to-know?itm_source=parsely-api">Apple&#8217;s 2024 Black Friday Deals: Gift Cards Over Discounts — Here&#8217;s What You&#8217;ll Get</a>
Meanwhile, the HarmonyOS Next will take another two to three months to improve user experience, but the plans remain to integrate it into future devices.
The Mate 70 series is expected to include Huawei's in-house Kirin chips, although their performance might lag behind those of competitors like Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and MediaTek.
Huawei has forecasted production of more than 10 million units over the product&#8217;s life cycle, indicating strong expectations for demand.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The new devices aim to compete directly with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in China&#8217;s premium smartphone market.
In the third quarter of this year, Huawei&#8217;s market share in China increased to 15.3%, up from 8.6% last year. This development marked it as a strong rival to Cupertino in the high-end smartphone arena.
Earlier this year, Huawei also surpassed Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) in global <a href="https://www.benzinga.com/news/24/05/39107001/after-apple-huawei-takes-on-samsung-in-race-to-become-worlds-top-foldable-phone-maker-report">foldable smartphone</a> shipments.
Meanwhile, Google generates billions from Android, mainly via the Play Store. In the <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">third quarter of 2024</a>, Google Services reported $76.5 billion in revenue, a 13% increase year-over-year.
Moreover, the decision to move away from Android is significant considering the ongoing <a href="https://www.benzinga.com/news/global/24/11/42132104/huawei-to-launch-mate-70-smartphone-with-advanced-homegrown-chip-challenging-apple-in-china-amid-us-sanctions-report">U.S. sanctions</a> that have limited Huawei's access to critical technologies. Other Chinese tech companies are seeking ways to reduce their reliance on foreign technology.
Price Action: As of this writing, Alphabet's Class A shares rose 0.047% in after-hours trading to $169.20, while Class C shares increased by 0.11% to $170.80. During Tuesday's regular session, Class A shares closed up 0.88% at $169.12, and Class C shares ended 0.70% higher at $170.62, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Apple&#8217;s stock gained 0.94% on Tuesday, closing at $235.06, and saw an additional 0.20% rise in after-hours trading. Since the year began, Apple stock has risen 26.62%, more than the Nasdaq 100 index's 26.47% gain in the same period.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details?itm_source=parsely-api">Dell Technologies Shares Drop After Q3 Revenue Misses Estimates: Details</a></li>
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Media

AAPL

GOOG

GOOGL

QCOM

SSNLF

Apple's Premium Phone Reign In China Meets Challenger In Huawei's Mate 70 As New Smartphone Breaks Free From Google's Grip

111 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YI#NASDAQ">YI</a>) reported quarterly losses of $(0.02) per share. This is a 83.33 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $513.09 million which missed the analyst consensus estimate of $534.67 million by 4.04 percent. This is a 2.14 percent increase over sales of $502.36 million the same period last year.

111 Q3 Adj. EPADS $(0.02) Up From $(0.12) YoY, Sales $513.09M Miss $534.67M Estimate

JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) reported quarterly earnings of $1.07 per share which beat the analyst consensus estimate of $0.94 by 13.83 percent. This is a 12.3 percent decrease over earnings of $1.22 per share from the same period last year. The company reported quarterly sales of $558.700 million which missed the analyst consensus estimate of $561.600 million by 0.52 percent. This is a 1.48 percent decrease over sales of $567.100 million the same period last year.

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