Option chain shows key data for 's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for .

 (OTC:TWBCF) Stock, Option Chain

Investors have been hit with an increased amount of short reports from some of the most well-known names in the space, which could be due to high valuations for stocks or could be coming after the <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">2024 presidential election results</a>.
What Happened: Over the past three months, big names in the short report space have taken on small and large companies claiming high valuations, accounting irregularities and other reasons that the stocks should trade lower.
Muddy Waters recently <a href="https://www.benzinga.com/24/11/42097477/muddy-waters-carson-block-is-betting-against-elf-beauty-short-seller-believes-company-is-overstating-revenue-earnings-major-red-flag">issued a short report</a> on e.l.f. Beauty, which was the first report from the short seller in months.
Kerrisdale Capital recently <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42092578/oklo-stock-slides-as-short-seller-sets-sights-on-altman-backed-nuclear-startup">issued a short report</a> on Oklo, its first published report since June.
Hindenburg, who has been issuing short reports on a monthly basis was the talk of the investing world when they took on technology company Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), <a href="https://www.benzinga.com/trading-ideas/short-ideas/24/08/40579899/super-micro-computer-stock-falls-on-short-report-hindenburg-says-company-has-accounting">accusing the company</a> of accounting, governance and compliance problems.
While the call was not popular at the time, given the company's soaring valuation, the stock is now down 28% over the last month after some of the alleged claims from Hindenburg were amplified<a href="https://www.benzinga.com/trading-ideas/movers/24/10/41625460/super-micro-computer-stock-dives-as-auditor-resigns-whats-going-on"> with the resignation</a> of the company's independent auditor.
Citron Research published an update on their Geo Group bullish case in September, the last post made on the company's website. However, the firm led by Andrew Left has been active on social media, with a post this week announcing the firm <a href="https://www.benzinga.com/24/11/42118133/short-seller-andrew-left-targets-microstrategy-stock-as-hedge-against-bullish-bitcoin-bet-completely-detached-from-btc-fundamentals">had shorted shares </a>of the high-flying software company and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holder MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>).
The announcement of the short report by Left comes as the investor recently <a href="https://www.benzinga.com/news/24/07/40027424/gamestop-short-seller-and-citron-founder-andrew-left-pleads-not-guilty-to-fraud-charges">pleaded not guilty</a> to fraud charges in July.
Along with the recent growth of short reports from the firms who hadn't published in awhile, there are also regular short reports coming monthly from Grizzly Research and bi-weekly reports from The Bear Cave.
Read Also: <a href="https://www.benzinga.com/news/24/11/41784498/dead-company-walking-short-seller-sets-sights-on-viasat-expects-elon-musks-starlink-to-take-share-af">&#8216;Dead Company Walking&#8217;: Short Seller Sets Sights On ViaSat, Expects Elon Musk&#8217;s Starlink To Take Share After Trump Win</a>
Why It's Important: While short reports have been a regular fixture for investors for years, both from investors who are betting against the stocks themselves with their own short positions, newer reports from the likes of The Bear Cave by Edwin Dorsey come from an investor who claims to never take stakes in the companies he writes about.
Whether short reports are being done to make profit betting against the stock or to provide public information for investors to make their own decisions on investments, the big question is why the increase in reports over the last several months.
There's likely two big reasons why.
The first big reason for the increase could be because of the narrative that short sellers and short reports will be targeted by the new White House administration.
Muddy Waters' CEO Carson Block said Elon Musk and Donald Trump have both publicly criticized short sellers in the past.
"We've already had some rhetoric, we might have some more anti-short seller rhetoric," Block told <a href="https://www.bloomberg.com/news/articles/2024-11-21/carson-block-expects-more-anti-short-seller-rhetoric-under-trump?sref=TBDibEcD">Bloomberg</a>.
Block said Republican-led administrations are often lighter on enforcement, but he's not sure if Trump will roll back regulations.
"It is a question as to who is going to head the SEC," Block added.
The comment comes as SEC Chairman Gary Gensler recently <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">announced he will</a> step down on Trump's inauguration day, ahead of the assumption that Trump was going to replace him with a new leader.
Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), which was co-founded by Trump,<a href="https://www.benzinga.com/markets/equities/24/04/38337541/trump-media-technology-group-alleges-naked-short-selling-seeks-nasdaqs-intervention"> has targeted </a>short sellers and alleged that naked short selling is the reason the stock has fallen in price several times.
Musk, who has often publicly criticized short sellers, recently<a href="https://www.benzinga.com/news/24/07/39759646/as-tesla-ceo-elon-musk-wants-to-obliterate-short-sellers-expert-says-they-are-important-more-than-ev"> said he wanted</a> to "obliterate" short sellers.
The other reason for the increased short report volume could be due to stock market indexes trading near all-time highs and strong year-to-date gains.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500, is up 26.0% year-to-date. This return is currently the fourth best in the last 10 years and the ETF could still pass the returns of 26.2% (2023), 28.8% (2021) and 31.2% (2019) to move up the list. &nbsp;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/24/11/42119918/musk-ramaswamy-should-target-transdigm-in-budget-cuts-short-report-says-target-1-for-doge">Musk, Ramaswamy Should Target TransDigm In Budget Cuts, Short Report Says: &#8216;Target #1&#8217; For D.O.G.E.</a></li>
</ul>
Image: Shutterstock

Short Sellers

Short Ideas

Trading Ideas

$BTC

MSTR

SMCI

Short Sellers Are Back – Flurry Of Big Calls From Muddy Waters, Citron And Others Raises Questions: Why Now?

Recent elections across the U.S. delivered mixed results for housing initiatives, with voters showing strong support for funding affordable housing while remaining skeptical of rent control measures, according to an analysis by Redfin Chief Economist Daryl Fairweather.
Rhode Island became a standout success story, with voters overwhelmingly approving a record-breaking $120 million housing bond. The measure, nearly doubling the state&#8217;s previous housing investment from three years ago, signals growing public recognition of the housing crisis.
Don't Miss:
<ul>
<li>This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a></li>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
</ul>
Several major cities also secured funding for affordable housing initiatives. Los Angeles voters approved a new half-cent sales tax for housing development, while Charlotte, North Carolina, passed a $100 million housing bond package. Baltimore followed with a $20 million bond measure for affordable housing projects.
San Francisco&#8217;s Proposition G secured $8.25 million annually for low-income rental subsidies, though Fairweather noted it might serve as a temporary fix rather than a long-term solution. &#8220;This helps low-income renters in the short term, but without adding more housing, it&#8217;s just a Band-Aid on the problem,&#8221; she said on X, formerly Twitter.
However, not all housing measures succeeded. Denver voters narrowly rejected Ballot Issue 2R, which would have generated $100 million annually through a sales tax increase for new housing development. California saw the defeat of two significant proposals: Proposition 33, which would have loosened rent control restrictions and Proposition 5, which aimed to lower the supermajority threshold for housing bonds.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
The rejection of rent control measures extended beyond California. Hoboken, New Jersey voters struck down a proposal to raise rent caps on vacant units. Fairweather views the outcomes as potentially positive for housing supply, stating, &#8220;strict rent control keeps existing tenants happy but limits new investment and leads to fewer rentals in the long run.&#8221;
Local initiatives employed various approaches to raise housing funds. According to the Institute on Taxation and Economic Policy, communities used diverse funding mechanisms, including sales taxes in Lawrence, Kansas, real estate transfer taxes in Berkeley and Mountain View, California and lodging taxes in several Colorado municipalities.
Berkeley bucked the trend against rent control by approving Measure BB&#8217;s 5% rent cap. However, Fairweather and <a href="https://www.benzinga.com/personal-finance/24/08/40101676/nearly-50-economists-were-asked-how-they-feel-about-president-bidens-5-rent-cap-this-is-what-the">other economists suggest rent control measures could discourage future development</a>. "The best way to stabilize rents is to build more homes," Fairweather said.
Trending: Invest in $20+ trillion home equity market today across cities like Austin, Miami, and Los Angeles through a <a href="https://www.benzinga.com/money/nada-cityfunds">unique 5-year term fund targeting a 14-20% IRR with minimums as low as $2,500</a>
The election results demonstrated that voters recognize the need for housing investment while remaining divided on policy approaches. While many communities showed willingness to fund affordable housing initiatives, rejecting certain measures highlights ongoing debate about the most effective solutions to address housing affordability.
Fairweather emphasized that while the Federal government <a href="https://www.benzinga.com/real-estate/24/11/41968915/will-trumps-second-term-unlock-housing-lower-rates-more-development-on-the-table-experts-say">can aid in the housing crisis</a>, &#8220;local initiatives have a profound impact on the housing market, even if they don&#8217;t make national headlines.&#8221; The mix of successful and failed measures indicates that while voters broadly support addressing housing affordability, they remain selective about specific policy solutions and funding mechanisms.
Read Next:
<ul>
<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
<li>Unlock the hidden potential of commercial real estate —<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a></li>
</ul>

Real Estate

2024 Election Housing Measures: What Passed, What Failed And What It Means For Supply, According To Redfin Chief Economist

Spirit Airlines has filed for Chapter 11 bankruptcy, a strategic move to stabilize its <a href="https://www.benzinga.com/personal-finance/24/08/40512938/dave-ramseys-blunt-advice-your-finances-are-80-behavior-avoid-this-one-costly-mistake">finances </a>while keeping operations running smoothly. Known for its ultra-low-cost business model, the airline has faced mounting challenges, including over $1 billion in deferred debt, a $158 million quarterly loss this year and failed merger efforts with JetBlue and Frontier Airlines.&nbsp;
Don't Miss:
<ul>
<li>This rooftop wind turbine is taking on a market projected to reach over $900 billion by 2032 —<a href="https://www.benzinga.com/money/halcium"> With already over 40,000 users signing up to purchase, here's a chance to be an early investor today!</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>
According to a company statement, Spirit's restructuring plan involves $300 million in new financing and $350 million in equity investments from bondholders, which will slash nearly $795 million in debt. The airline expects to emerge from bankruptcy by early 2025.
CEO Ted Christie assured passengers that the restructuring would not affect flights and bookings in an open letter to customers. "You can continue to book and fly confidently now and in the future," Christie said. Spirit has pledged to maintain ticket sales, flights and loyalty programs without disruption throughout the process.
Spirit's financial woes didn't develop overnight. According to CNBC, the airline hasn't turned a profit since 2019, when it lost $335 million. The COVID-19 pandemic significantly affected travel demand, hitting Spirit's operations hard.&nbsp;
See Also: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest TODAY for just $0.26/share with a $1000 minimum.</a>
The recall of Pratt &amp; Whitney engines in 2023 further strained the airline by disrupting fleet availability, while rising fuel costs and stiff competition from larger carriers put additional pressure on margins.
Regulatory hurdles compounded these challenges. In January, U.S. courts blocked Spirit's $3.8 billion merger with JetBlue, citing concerns about reduced competition in the budget travel market.&nbsp;
Analysts warn, however, that more drastic measures, such as cutting routes or reducing flight frequencies, could still be necessary. Statista reported that Spirit's total flight capacity declined by 33% to 27.7 billion available seat miles between 2019 and 2020.
TD Cowen's senior research analyst, Helane Becker, told CNBC, &#8220;Spirit Airlines' goal should be to preserve value as much as they can."
Trending: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
In response to its financial struggles, Spirit has begun implementing cost-saving measures. The Associated Press reported that the airline plans to sell 23 older planes for $519 million and cut jobs, saving an estimated $80 million annually.&nbsp;
The Wall Street Journal revealed that Spirit Airlines and Frontier Airlines have resumed talks about a potential merger, causing their stock prices to climb. However, <a href="https://www.benzinga.com/startups/24/10/41312615/investors-pour-billions-into-openai-whats-driving-this-unprecedented-surge-in-funding">investor </a>confidence has faltered amid these setbacks. According to CNBC, Spirit's stock price dropped from $3.22 to $1.15 after The Wall Street Journal reported that the company was set to file for bankruptcy.&nbsp;
Tom Fitzgerald, an analyst at TD Cowen, recently highlighted Spirit Airlines&#8217; precarious situation on UPI. He stated that balancing cost-cutting measures with maintaining passenger confidence is critical for the airline&#8217;s survival. He noted that customers might begin avoiding the airline if its financial struggles intensify.&nbsp;
Read Next:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>

News

Debt Piles Up And Losses Mount – Spirit Airlines Finally Files For Bankruptcy After Struggling To Stay Afloat

Billionaire entrepreneur Mark Cuban believes micromanagement is a <a href="https://www.benzinga.com/general/24/02/36955564/the-moment-mark-cuban-knew-he-could-not-work-in-the-corporate-world-his-bank-boss-yelled-at-him-for">sign that something is broken</a>.
What To Know:&nbsp;Ofek Lavian, CEO of fintech company&nbsp;Forage, recently posted a thread on&nbsp;<a href="https://twitter.com/OfekLavian/status/1766950034581700697">X</a>&nbsp;focused on counterintuitive leadership principles. Cuban responded to the thread, noting that he agreed with everything except for the post on micromanaging.
"Pretty darn good list. Agree with all but micromanage," Cuban said. "Micromanage early. Trust the process or fix what's broken if you always have to micromanage."
CNBC&nbsp;<a href="https://www.cnbc.com/2024/03/22/mark-cuban-micromanaging-is-a-toxic-trait-with-one-exception.html">reported</a>&nbsp;Cuban's opinion on micromanaging was formed from personal experience with his former company Broadcast.com.
Cuban reportedly micromanaged his employees in his early days as he expected them to match his own work ethic. This created a situation in which Cuban was always focused on pushing employees to be better and work faster without thinking about how he was coming off.
"I wish somebody would have told me to be nicer,&#8221; Cuban reportedly said on the "Bio Eats World" podcast last year.
Check This Out: <a href="https://www.benzinga.com/news/24/11/42027001/mark-cuban-swings-1m-to-golf-company-despite-hating-the-sport">Mark Cuban Swings $1M To Golf Company Despite Hating The Sport</a>
Cuban's "go, go, go" mentality and micromanaging tendencies actually hurt the company in its early stages. Cuban recalled one of his business partners pulling him aside and telling him he was scaring some of the employees with his management style. Still, Cuban sold the company to Yahoo for $5.7 billion in stock in 1999.
Lavian's post included a link to a video featuring&nbsp;Shopify Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) co-founder and CEO&nbsp;Tobi Lütke,&nbsp;who argued that the idea of micromanaging is bad is "the dumbest idea on planet Earth."
Although Cuban disagreed with the take, Lavian responded to Cuban, thanking him for his input.
"I try to hire the right team so I don&#8217;t have to micromanage, but I don&#8217;t always get it right," Lavian said.
"Once I know I can trust someone to get the little things right, I know they can devote the same level of detail and attention for the big ones that truly matter."
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/42027035/mark-cuban-planned-to-retire-by-age-35-he-says-theres-only-one-reason-he-didnt">Mark Cuban Planned To Retire By Age 35: He Says There&#8217;s Only One Reason He Didn&#8217;t</a></li>
</ul>
This story is part of a series of features on the subject of success, <a href="https://www.benzinga.com/topic/benzinga-inspire">Benzinga Inspire</a><a href="https://www.benzinga.com/topic/benzinga-inspire">.</a> Some elements of this story were previously reported by Benzinga and it has been updated.
Photo: Shutterstock.

Social Media

General

SHOP

Mark Cuban: If You Have To Micromanage, Something Is Probably Broken — 'I Wish Somebody Would Have Told Me To Be Nicer'

<h2 class="wp-block-heading">UPS Pays $45 Million Fine For Improperly Valuing Its Worst-Performing Business&nbsp;</h2>
The Securities and Exchange Commission (SEC) announced on Friday that it <a href="https://www.sec.gov/newsroom/press-releases/2024-184">settled charges</a> against United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) when valuing one of its worst performing businesses.&nbsp;&nbsp;
The SEC found that UPS did not record a goodwill impairment for its UPS Freight business division in 2019. If UPS had properly valued Freight, its earnings and other reported items would have been materially lower, the SEC said.&nbsp;
Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a>
"Goodwill balances provide investors with valuable insight into whether companies are successfully operating the businesses they own," said Melissa Hodgman, Associate Director at SEC.&nbsp;
"Therefore, it is essential for companies to prepare reliable fair value estimates and impair goodwill when required. UPS fell short of these obligations, repeatedly ignoring its own well-founded sale price estimates for Freight in favor of unreliable third-party valuations," Hodgman added.&nbsp;
In addition to the $45 million civil penalty, UPS agreed to cease and desist from further violations of these provisions, adopt training requirements for certain officers, directors, and employees, and retain an independent compliance consultant to review and make recommendations about the company's fair value estimates and disclosure obligations.
<h2 class="wp-block-heading">BIT Mining To Pay $4 Million Fine For Bribery&nbsp;</h2>
The SEC announced on Monday that BIT Mining Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>), formerly known as 500.com Limited,<a href="https://www.sec.gov/newsroom/press-releases/2024-180"> agreed to pay</a> a $4 million civil penalty to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) from 2017 to 2019 by conducting a widespread bribery scheme to influence foreign officials, including members of Japan's parliament.&nbsp;
The SEC's order finds that the bribery scheme involved illicit payments of approximately $2.5 million in the form of cash bribes, entertainment and trips. The order further finds that the bribes were authorized by a 500.com senior executive in an attempt to establish an integrated resort casino in Japan.&nbsp;
"Investors must have confidence that the operations and performance of public companies reflect merit and legitimate considerations. Bribery and corruption turn that dynamic on its head, distorting the orderly operation of the markets and undermining investor confidence," said Charles E. Cain, Chief of the SEC Enforcement Division's FCPA Unit.&nbsp;
Additionally, the US Department of Justice announced on the same day that it entered into a deferred prosecution agreement in which BIT Mining agreed to pay a $10 million criminal fine, of which $4 million will be satisfied by the company's payment of a civil penalty to the SEC.&nbsp;
More Crime Stories: Here are other crime stories covered by Benzinga this week. 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42100433/archegos-capitals-bill-hwang-receives-18-year-sentence-for-fraud-market-manipulation">Archegos Capital's Bill Hwang Receives 18 Year Sentence For Fraud, Market Manipulation</a></li>
<li><a href="https://www.benzinga.com/news/global/24/11/42101365/indian-billionaire-one-of-the-worlds-richest-men-indicted-for-alleged-250-million-bribery-scheme">Indian Billionaire, One Of The World&#8217;s Richest Men, Indicted For Alleged $250 Million Bribery Scheme</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42055570/bitfinex-bitcoin-laundering-case-lands-crocodile-of-wall-street-in-jail">Bitfinex Bitcoin Laundering Case Lands &#8216;Crocodile Of Wall Street&#8217; In Jail</a></li>
</ul>
Image: Gerd Altmann from Pixabay

Legal

BTCM

Financial Crime Weekly: UPS Pays $45M Fine, BIT Mining Pays $4M Fine For Bribery

MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder Michael Saylor has revealed that the company is minting $500 million a day as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42127938/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off">inches closer to $100,000</a> for the first time in its history.
What Happened: Saylor, who has been all-in on Bitcoin for years now, has revealed an insane statistic – MicroStrategy's holdings of the top cryptocurrency have appreciated by as much as $5.4 billion over the last two weeks.
In an interview with CNBC, Saylor broke down MicroStrategy's gains, saying, "We're making $500 million a day. I'm staring at my screen and we're selling dollar bills for $3, sometimes a million times a minute."
To put things into perspective, MicroStrategy's stock delivered a whopping 97% gain in the last month, while Bitcoin has gained nearly 47%.
See Also: <a href="https://www.benzinga.com/24/11/42151442/bitcoin-could-reach-180k-in-current-cycle-thanks-to-trump-victory-says-vaneck-but-has-this-warning-for-investors">Bitcoin Could Reach $180K In Current Cycle Thanks To Trump Victory, Says VanEck, But Has This Warning For Investors</a>
Year-to-date, MicroStrategy's stock has gained over 515% while Bitcoin prices have increased by 122%.
Nvidia, the AI bellwether and the world's most valuable company by market capitalization, has seen its stock rise by nearly 195% during this period.
"We may very well be the most profitable company in the U.S. growing the fastest right now. There's not many companies making $500 million a day," Saylor 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">JUST IN: Michael Saylor says, "We are making $500 million a day" with <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and "we may very well be the most profitable company in the US growing the fastest right now." <a href="https://t.co/HeMTnebfXw">pic.twitter.com/HeMTnebfXw</a>
&mdash; Simply Bitcoin (@SimplyBitcoinTV) <a href="https://twitter.com/SimplyBitcoinTV/status/1859966097782636791?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The surge in&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">MicroStrategy&#8217;s stock</a>&nbsp;is not just a reflection of Bitcoin&#8217;s rising value but also highlights the company&#8217;s strategic bet on the cryptocurrency.
Research from BitMEX has shown that MicroStrategy is trading at a 256% premium to the net asset value of its Bitcoin holdings, suggesting a significant valuation disparity driven by its aggressive acquisition strategy.
This premium may be influenced by financial regulations that restrict Bitcoin ETF purchases, pushing investors towards MicroStrategy for exposure.
Furthermore, Saylor&#8217;s bold prediction that Bitcoin could reach $13 million by 2045 has sparked discussions about the potential economic implications, including&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116183/michael-saylor-predicted-bitcoin-to-hit-13-million-if-it-happens-it-will-entail-massive-hyperinflation-analyst-warns">massive hyperinflation</a>.
This prediction, if realized, would elevate Bitcoin&#8217;s market cap to $250 trillion, dwarfing the current world GDP and global stock markets.
Amidst these developments,&nbsp;Warren Buffett&#8217;s decision to hold $325 billion in cash at&nbsp;<a href="https://www.benzinga.com/markets/equities/24/11/42137295/as-mstrs-michael-saylor-says-warren-buffett-is-destroying-berkshire-capital-analyst-suggests-overpricedhot-stock-market-could-be-the-reason-oracle-of-omaha-is-sitting-on-325b-cash">Berkshire Hathaway</a>&nbsp;has drawn criticism from Saylor, who argues that not investing in Bitcoin is a missed opportunity.
Price Action: At the time of writing, Bitcoin was trading at $98,556, down 0.04% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42151529/chamath-palihapitiyas-suggestion-for-donald-trump-make-paying-taxes-simple-and-enforcement">Chamath Palihapitiya&#8217;s Suggestion For Donald Trump: &#8216;Make Paying Taxes Simple And Enforcement…&#8217;</a></li>
</ul>
Photo courtesy: Wikimedia

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

Cryptocurrency

Markets

Michael Saylor Reveals MicroStrategy Is 'Making $500M A Day' With Bitcoin: 'May Very Well Be The Most Profitable Company In The US Growing The Fastest Right Now'

SPAC king Chamath Palihapitiya&nbsp;suggested a major overhaul of the U.S. tax system. He proposed replacing the extensive U.S. Federal Tax Code, which spans 7,000 pages, with a straightforward flat tax.
What Happened: Palihapitiya emphasized that this could be condensed&nbsp;into a few pages of&nbsp;simple English, which would make it easier to both pay taxes as well as enforce rules.
"Replace the US Federal Tax Code&#8217;s 7000 pages and millions of words with a simple flat tax. It could fit into a few pages of simple English, make paying taxes simple and enforcement even simpler."
<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">Replace the US Federal Tax Code&#39;s 7000 pages and millions of words with a simple flat tax. It could fit into a few pages of simple english, make paying taxes simple and enforcement even simpler.
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1860139825791414640?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The proposal comes amid discussions on fiscal policies following&nbsp;Donald Trump&#8216;s recent election victory. Palihapitiya&#8217;s suggestion aligns with ongoing debates about tax reforms and government efficiency.
Palihapitiya&#8217;s post is part of a broader conversation on fiscal responsibility and simplification of tax processes, echoing sentiments expressed during Trump&#8217;s campaign.
Why It Matters: The idea of simplifying the tax code is significant in light of recent discussions about federal budget cuts and economic policies. Palihapitiya&#8217;s proposal follows his <a href="https://www.benzinga.com/24/11/41926584/chamath-palihapitiya-says-cut-the-federal-budget-by-trillions-and-then-do-this-with-a-fraction-of-the-money-to-make-america-great-again">earlier suggestion to cut trillions</a> from the federal budget to fund nationwide internet access.
Trump&#8217;s economic strategies, including tax cuts and tariffs, have been under scrutiny. Economists <a href="https://www.benzinga.com/personal-finance/24/09/40961812/economists-warn-trumps-plans-for-tax-cuts-tariffs-and-deportation-could-trigger-skyrocketing-inf">warn these could lead to inflation</a>. Palihapitiya&#8217;s flat tax proposal could be seen as a counter to these complex fiscal policies.
Furthermore, Trump&#8217;s plans to eliminate taxes on <a href="https://www.benzinga.com/news/24/09/40845900/trump-says-he-will-end-taxes-on-overtime-pay-but-economist-peter-schiff-says-there-is-a-fly-in-his-o">overtime pay</a> have been met with skepticism, highlighting the need for clear and effective tax reforms. This context underscores the relevance of Palihapitiya&#8217;s call for a simplified tax system.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump&#8217;s DOGE Initiative To Have &#8216;Marginal Impact&#8217; Says Analyst As Elon Musk Aims To Target Over $500B In Federal Expenditures</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: The Brian Solis via Flickr

Government

Regulations

Economics

Chamath Palihapitiya's Suggestion For Donald Trump: 'Make Paying Taxes Simple And Enforcement…'

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is expediting the certification process of Samsung Electronic Co.&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) AI memory chips.
What Happened: This information was confirmed by Nvidia&#8217;s CEO, Jensen Huang, at an event at the Hong Kong University of Science and Technology on Saturday, <a href="https://www.bloomberg.com/news/articles/2024-11-23/nvidia-working-as-fast-as-it-can-to-certify-samsung-s-ai-memory?srnd=homepage-asia">reported</a> Bloomberg.
Huang said that Nvidia is evaluating both 8-high and 12-high HBM3E offerings from Samsung.
Notably, the Nvidia CEO did not include Samsung in the list of major partners he mentioned during a post-earnings call with analysts earlier this week.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42103355/nvidias-blackwell-set-to-outpace-hopper-heres-what-ceo-jensen-huang-predicted-for-2025">Nvidia&#8217;s Blackwell Set To Outpace Hopper? Here&#8217;s What CEO Jensen Huang Predicts For 2025</a>
At that time, Huang highlighted the impressive list of partners including Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>), SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>), Foxconn, Micron Technology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MU#NYSE">MU</a>), and Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>).
Nvidia reported <a href="https://www.benzinga.com/24/11/42099904/nvidia-q3-earnings-highlights">third-quarter revenue</a> of $35.1 billion, a 94% increase year-over-year, surpassing the Street consensus estimate of $33.12 billion, according to data<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1"> from Benzinga Pro.</a>
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: This development follows <a href="https://www.benzinga.com/markets/equities/24/07/39924480/nvidia-greenlights-samsungs-high-bandwidth-memory-chips-for-ai-chips-in-china-report">Nvidia&#8217;s initial approval</a> of Samsung&#8217;s fourth-generation high bandwidth memory in July.
This marked the first time Nvidia approved the use of Samsung's HBM3 chips, albeit for a less advanced Nvidia graphics processing unit (GPU), the H20, specifically designed for the Chinese market.
However, Samsung&#8217;s delay in obtaining Nvidia&#8217;s certification for AI memory chips has given competitors SK Hynix and Micron an <a href="https://www.benzinga.com/markets/asia/24/10/41645191/samsung-profits-soar-but-companys-nvidia-ai-chip-race-lag-allows-sk-hynix-micron-to-take-the-lead-in">edge in the high-bandwidth memory</a> market.
Nvidia&#8217;s new Blackwell AI chips are reportedly <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">facing overheating problems</a>. When asked about it during the earnings call, Huang sidestepped the question and instead highlighted that the supply levels surpassed initial expectations.
Nvidia&#8217;s CFO, Colette Kress, also said the company <a href="https://www.benzinga.com/24/11/42103355/nvidias-blackwell-set-to-outpace-hopper-heres-what-ceo-jensen-huang-predicted-for-2025">shipped 13,000 GPU samples</a> in the third quarter, including one of the first Blackwell DGX samples to OpenAI.
&#8220;Blackwell demand is staggering, and we are racing to scale supply to meet the incredible demand customers are placing on us,&#8221; Kress stated during the call.
Price Action: Nvidia shares dropped 3.22% on Friday, closing at $141.95, and saw a further decline of 0.13% in after-hours trading, reaching $141.77 as of the latest update, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
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:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/42086596/jensen-huang-says-building-nvidia-was-a-million-times-harder-than-he-expected" target="_blank" rel="noreferrer noopener">Jensen Huang Says Building Nvidia Was A ‘Million Times Harder&#8217; Than He Expected</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

Media

DELL

HXSCF

NVDA

SSNLF

Jensen Huang's Nvidia Fast-Tracks Samsung's AI Memory Certification As AI Giant Looks To Catch Up To Demand

Global investment manager&nbsp;Van Eck&nbsp;has reiterated its <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41984505/bitcoin-to-peak-at-180000-says-vanecks-head-of-digital-assets-research">ambitious&nbsp;$180,000 price target</a> for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), projecting this peak within the current market cycle.
What Happened: VanEck analysts&nbsp;Nathan Frankovitz&nbsp;and&nbsp;Matthe Sigel <a href="https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vaneck-mid-november-bitcoin-chaincheck">suggest</a> that favorable regulatory developments in the U.S. and increased institutional interest could propel Bitcoin to this target within 18 months.
The analysts attribute the recent surge in Bitcoin&#8217;s price, which touched $99,800 in the last 24&nbsp;hours, to the election victory of&nbsp;Donald Trump.
The analysts noted that Bitcoin entered a &#8220;new phase&#8221; on Nov. 11, with perpetual futures contracts&#8217; funding rates surpassing 10%, indicating short- to medium-term momentum.
"This shift points toward stronger short- to medium-term momentum, as historically, elevated funding rates have been linked to higher 30 to 90-day returns, reflecting heightened bullish sentiment and demand."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42097462/dogecoin-millionaire-shares-50-million-meme-coin-strategy-for-2025-pepe-brett-are-this-bull-runs-doge-shiba-inu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Millionaire&#8217; Shares $50 Million Meme Coin Strategy For 2025: Pepe, Brett Are This Bull Run&#8217;s DOGE, Shiba Inu</a>
However, they cautioned that sustained high funding rates could deter investors seeking long-term returns.
"On average, purchases made on days when funding rates were above 10% began underperforming at the 180-day mark, with this trend becoming even more pronounced over 1-year and 2-year periods."
Why It Matters: The bullish sentiment from Van Eck comes amid a broader context of market dynamics and expert predictions.
Mike Novogratz, CEO of Galaxy Digital Holdings Ltd., <a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">recently warned about the high levels of leverage</a> in the crypto market, suggesting that while Bitcoin&#8217;s rise to $100,000 seems inevitable, a correction to $80,000 could occur due to excessive leverage.
Furthermore,&nbsp;Michaël van de Poppe, a leading cryptocurrency analyst, has forecasted <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42127938/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off">multiple flash crashes for Bitcoin</a> before the year ends, potentially dropping its value by 5-10% in a single day. These corrections, however, could present strategic entry points for investors, as altcoins might experience significant growth post-correction.
Additionally, Van Eck&#8217;s CEO,&nbsp;Jan van Eck, has previously expressed a bold prediction that Bitcoin could <a href="https://www.benzinga.com/24/11/42009965/vaneck-ceo-boldly-predicts-bitcoin-at-300k-per-coin-reaching-half-of-golds-market-cap-in-the-face-of-growing-demand">eventually reach $300,000</a>, capturing a substantial share of the gold market as a digital alternative. This long-term outlook underscores the growing demand and institutional interest in Bitcoin as a hedge against inflation.
Price Action: At the time of writing, Bitcoin was trading at $98,663, down by 0.76% in the last 24 hours, 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/24/11/42098871/bitcoin-holding-on-to-94000-ethereum-dogecoin-trade-lower-place-your-bets-up-or-down-brothers-says-trader?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Holding On To $94,000, Ethereum, Dogecoin Trade Lower: &#8216;Place Your Bets, Up Or Down Brothers&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

Analyst Color

Price Target

Bitcoin Could Reach $180K In Current Cycle Thanks To Trump Victory, Says VanEck, But Has This Warning For Investors

Bankrupt cryptocurrency exchange&nbsp;FTX has announced plans to begin distributing payments to creditors and customers in early 2025. This follows the approval of its&nbsp;Chapter 11 Plan of Reorganization, which is expected to become effective by January.
What Happened:&nbsp;John Jay Ray III, the CEO of FTX, announced that the company anticipates its&nbsp;Chapter 11 Plan of Reorganization&nbsp;will be effective by January 2025.
Ray expressed satisfaction with the progress, stating, &#8220;We&nbsp;are pleased to announce that&nbsp;we will begin distributing proceeds&nbsp;in early 2025.&#8221;
He emphasized the expertise and ongoing efforts of the professional team supporting the debtors, who have already recovered billions for FTX&#8217;s creditors and customers.
See Also:&nbsp;<a href="https://www.benzinga.com/general/education/24/11/42098422/heres-how-much-100-invested-in-cardano-today-could-be-worth-if-ada-hits-new-all-time-highs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much $100 Invested In Cardano Today Could Be Worth If ADA Hits New All-Time Highs</a>
The announcement follows FTX&#8217;s nearing completion of the final steps required for the reorganization plan.
Payments are expected to be made within 60 days of the plan&#8217;s activation.
&#8220;While&nbsp;we continue to take actions&nbsp;to maximize recoveries, we are&nbsp;full steam ahead to reach&nbsp;arrangements with our distribution agents&nbsp;and return proceeds to creditors&nbsp;and customers as quickly as&nbsp;possible," Ray added.
FTX plans to finalize arrangements&nbsp;with specialized distribution agents by&nbsp;early December. These agents will&nbsp;facilitate the global distribution of recoveries to customers, who will receive instructions to establish approved accounts with these agents.
FTX aims to announce the exact&nbsp;effective date of distribution by&nbsp;the end of next month.
Why It Matters: The announcement marks a pivotal moment in FTX&#8217;s bankruptcy proceedings.
In October, a U.S. bankruptcy judge approved&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41234936/ftx-to-repay-creditors-up-to-16-5b-is-this-bullish-for-bitcoin">FTX's plan</a>&nbsp;to repay creditors up to $16.5 billion, concluding a two-year bankruptcy saga.
This decision came after a series of legal challenges, including a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40248878/ftx-alameda-ordered-to-pay-12-7b-to-creditors-by-u-s-judge">$12.7 billion restitution order</a>&nbsp;in August and a settlement over&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40791711/ftx-moves-to-settle-600m-robinhood-shares-dispute-with-14m-payment-amid-bankruptcy-proceed">Robinhood shares</a>&nbsp;in September.
The approval of the reorganization plan and the upcoming payments are crucial for restoring trust in the crypto ecosystem and providing relief to affected creditors and customers.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42125642/bitcoin-ethereum-dogecoin-prepping-for-an-early-thanksgiving-btc-is-currently-less-than-one-eth-away-from-100000-says-trader?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Prep For Early Thanksgiving: &#8216;BTC Is Currently (Less Than) One ETH Away From $100,000, Says Trader</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Bankrupt Crypto Exchange FTX To Commence Payments To Customers, Creditors In Early 2025

In a significant development for lunar exploration, Elon Musk-led&nbsp;SpaceX&#8216;s <a href="https://www.benzinga.com/topic/starship">Starship</a> has been chosen by&nbsp;Lunar Outpost&nbsp;to deliver its new moon rover, Eagle, to the lunar surface.
What Happened: This comes after a successful suborbital test flight of the 400-foot-tall Starship from Texas, marking its sixth flight.
&#8220;Having experienced the recent groundbreaking&nbsp;Starship test flight firsthand, we&#8217;re&nbsp;confident that SpaceX is advancing&nbsp;the most capable launch system&nbsp;ever created and will successfully&nbsp;land our Eagle vehicles on&nbsp;the surface of the moon," said Justin Cyrus, founder and CEO of Lunar Outpost.
This contract is a crucial step for Lunar Outpost&#8217;s mission to establish&nbsp;a sustainable human presence in&nbsp;space.
The company is collaborating with Leidos, MDA Space, Goodyear, and General Motors on the Eagle Rover.
The &#8220;Lunar Dawn&#8221; team, including Lunar Outpost, is one of three private groups selected by NASA to develop a version of the Lunar Terrain Vehicle (LTV) for the Artemis program.
See Also:&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-500k-sales-target?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Electric Offers Unlimited Overnight Charging For Just $5 A Month As EV Giant Races Toward 500K Sales Target</a>
SpaceX&#8217;s Starship is also set to launch another LTV rover, FLEX, developed by&nbsp;Venturi Astrolab.
NASA has chosen Starship for its first crewed lunar landing under the <a href="https://www.benzinga.com/news/24/10/41400036/nasa-assigns-2-missions-to-spacex-for-2025-after-boeings-starliner-stranded-astronauts">Artemis 3 mission</a>, scheduled for late 2026.
Why It Matters: The selection of SpaceX&#8217;s Starship for the lunar mission underscores the company&#8217;s growing role in space exploration.
Recently, <a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs">SpaceX unveiled a conceptual image</a> of the Starship Human Landing System (HLS) designed to facilitate the first human landing on the Moon since 1971.
This version of Starship will feature landing legs instead of a heat shield and flaps.
Additionally, Musk has expressed confidence in <a href="https://www.benzinga.com/general/space/24/11/42082169/elon-musk-predicts-tesla-cybertrucks-optimus-robots-will-be-aboard-spacex-starships-to-mars-in-2-years">SpaceX&#8217;s ability to send uncrewed Starships to Mars</a> within two years, potentially carrying&nbsp;Tesla Inc.&nbsp;Cybertrucks and Optimus robots as payloads.
Meanwhile,&nbsp;SpaceX&#8217;s satellite internet division, Starlink, <a href="https://www.benzinga.com/24/11/42082877/spacexs-starlink-enables-realtime-views-of-earth-during-starships-6th-test-flight-could-it-be-the-future-of-space-connectivity">demonstrated real-time Earth views</a> during Starship&#8217;s sixth test flight, showcasing the potential for enhanced space connectivity.
While SpaceX is currently a privately held company, investors can leverage&nbsp;Destiny Tech100 Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NASDAQ">DXYZ</a>) to participate in the Musk-led space company&#8217;s growth. According to data from&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, DXYZ has gained over 366% year-to-date.
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:
<ul>
<li><a href="https://www.benzinga.com/24/11/42131163/tesla-ceo-elon-musk-attempts-to-temper-down-expectations-of-30k-optimus-or-cybercab-soon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Tries To Lower Expectations Of $30K Optimus Or Cybercab</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: SpaceX

SPACE

DXYZ

Elon Musk's SpaceX Secures New Moon Mission Contract After Starship's Successful 6th Test Flight

Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>)&nbsp;is gearing up to introduce its budget-friendly ID.2 electric vehicle by the end of 2025, with an SUV version to follow. This move marks a significant step in Volkswagen&#8217;s strategy to expand its electric vehicle lineup.
What Happened: Volkswagen&nbsp;is on schedule to release its budget-friendly ID.2 electric vehicle by late 2025, <a href="https://www.autocar.co.uk/car-news/new-cars/volkswagen-overhaul-entire-electric-car-line-up-2026">reported</a> Autocar. This model is expected to be the most economical in the company&#8217;s lineup, priced under $27,000 (€25,000).
At the LA Auto Show,&nbsp;Volkswagen&#8217;s tech development head,&nbsp;Kai Grünitz, confirmed that the ID.2 will lead a major overhaul of the brand&#8217;s &#8220;ID&#8221; electric car series. Grünitz indicated that significant advancements are anticipated,&nbsp;starting in 2026, with a&nbsp;fresh design approach.
"It's matching 100% to our brand values: it will be stable and likable with our secret sauce—but in a different way," Grünitz said, according to the report.
See Also:&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-500k-sales-target?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Electric Offers Unlimited Overnight Charging For Just $5 A Month As EV Giant Races Toward 500K Sales Target</a>
The&nbsp;ID.2 will be the first&nbsp;vehicle to utilize&nbsp;Volkswagen&#8217;s new MEB Entry Platform. An SUV version is slated for a reveal&nbsp;at the Munich Motor Show&nbsp;in September 2025, with a GTI model also in development.
Grünitz emphasized that the ID.2 will mark a new beginning for&nbsp;Volkswagen, with customers noticing a substantial transformation. The vehicle promises a range of up to 279 miles (450 km) and combines the spaciousness of a Golf with the affordability of a Polo.
Why It Matters:&nbsp;Volkswagen&#8217;s push to launch the ID.2 comes amid a challenging period for the company.
In the third quarter of 2024, the automaker experienced a 10% decline in electric vehicle sales, primarily in the U.S. and Europe, although&nbsp;<a href="https://www.benzinga.com/news/24/10/41307960/volkswagen-ev-sales-drop-10-in-q3-due-to-slowdown-in-us-and-eu-but-china-shines-as-a-bright-spot-wit">China showed a 5% growth</a>. This underscores the importance of the ID.2 as a strategic move to capture a larger market share.
Meanwhile, Volkswagen has been making strategic investments, such as increasing its stake in Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>). Analysts see this as a vital step for both companies, aiding in production and cost efficiency. The collaboration is expected to provide <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41938838/rivians-deal-with-volkswagen-will-help-ev-giant-navigate-the-ship-in-stormy-waters-says-top-analyst-maintains-outperform-rating-with-20-target">capital for future growth</a>, enhancing vehicle offerings and software integration.
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:
<ul>
<li><a href="https://www.benzinga.com/24/11/42131163/tesla-ceo-elon-musk-attempts-to-temper-down-expectations-of-30k-optimus-or-cybercab-soon">Tesla CEO Elon Musk Tries To Lower Expectations Of $30K Optimus Or Cybercab</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Volkswagen

RIVN

VWAGY

Volkswagen's Affordable ID.2 EV Set For 2025 Launch, SUV Variant To Follow: 'Stable And Likable With Our Secret Sauce'

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is set to face a multibillion-dollar lawsuit following the <a href="https://www.benzinga.com/general/social-media/24/06/39259832/metas-legal-battle-over-cambridge-analytica-scandal-heads-to-supreme-court">dismissal of its appeal</a> by the U.S. Supreme Court over the Cambridge Analytica data scandal.
What Happened: The Supreme Court, which heard arguments on Meta's appeal on Nov. 6, gave no explanation for the dismissal.&nbsp;
It only stated that the case was being "dismissed as improvidently granted," <a href="https://www.bloomberg.com/news/articles/2024-11-22/facebook-appeal-over-shareholder-suit-dropped-by-supreme-court?srnd=phx-technology">reported</a> Bloomberg.&nbsp;
This dismissal increases the likelihood of Mark Zuckerberg's Meta facing a costly settlement, potentially as large as $2 billion, according to Bloomberg Intelligence analyst Matthew Schettenhelm.
In a statement, Meta has expressed disappointment and maintained that the plaintiff&#8217;s claims are baseless. "We will continue to defend ourselves as this case is considered by the district court."
See Also: <a href="https://www.benzinga.com/24/11/42053396/why-chinese-tech-giants-alibaba-bytedance-and-meituan-are-expanding-their-ai-footprints-in-silicon-valley-amid-us-efforts-to-block-progress?itm_source=parsely-api">China&#8217;s Tech Giants Alibaba, ByteDance, And Meituan Are Expanding Their Silicon Valley AI Footprints Amid US Efforts To Block Progress</a>
Meta is accused of misleading shareholders about the risks associated with the 2018 Cambridge Analytica scandal, involving the unauthorized use of personal data from over 30 million users.
The shareholders argue that revelations about the breach eventually led to two 2018 price drops that cost the company more than $200 billion in market value.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for a statement.
Why It Matters: Meta faced another legal setback in October when a U.S. District Judge rejected the company's attempt to dismiss claims made in two separate lawsuits filed by U.S. states.
The lawsuits accused <a href="https://www.benzinga.com/news/24/10/41349398/mark-zuckerbergs-meta-to-face-lawsuits-over-teen-social-media-addiction-judge-rejects-dismissal-moti">Meta of contributing to mental health</a> issues among teenagers by making its platforms addictive.
Moreover, shareholder lawsuits have been a common occurrence in the tech industry. For instance, In October Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) agreed to a $433.5 million settlement in a class-action l<a href="https://www.benzinga.com/markets/equities/24/10/41559403/alibaba-agrees-to-433-5m-settlement-in-shareholder-class-action-lawsuit">awsuit filed by its shareholders</a>.
Similarly, Tilray Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) also <a href="https://www.benzinga.com/news/legal/24/11/42015978/shareholder-lawsuit-challenges-tilrays-voting-tactics-for-authorized-share-increase">faced a shareholder lawsuit</a> accusing the company of misleading voting practices.
Currently, the Supreme Court is also reviewing an appeal by <a href="https://www.benzinga.com/news/legal/24/11/41960485/nvidias-crypto-past-returns-to-haunt-as-supreme-court-signals-green-light-for-lawsuit">Nvidia Corporation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which faces a lawsuit alleging it <a href="https://www.benzinga.com/news/legal/24/11/41960485/nvidias-crypto-past-returns-to-haunt-as-supreme-court-signals-green-light-for-lawsuit">misled shareholders about</a> its dependence on crypto-mining revenue ahead of a market crash.
Price Action: Meta&#8217;s shares dropped 0.7% on Friday, ending the day at $559.14. In after-hours trading, the stock gained 0.098%, reaching $559.69 as of this writing, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42132292/mark-zuckerbergs-meta-takes-on-64b-pig-butchering-scams-targeting-people-through-dating-apps-social-media-crypto-investing-and-other-apps">Mark Zuckerberg&#8217;s Meta Cracks Down On $64B &#8216;Pig Butchering&#8217; Scams Involving Dating Apps, Social Media And Crypto Investing</a></li>
</ul>
Photo courtesy: Shutterstock

BABA

TLRY

Meta Faces Multibillion-Dollar Lawsuit As Supreme Court Dismisses Appeal In Cambridge Analytica Data Scandal

The Securities and Exchange Commission or SEC has set a new record in financial penalties, with a significant portion resulting <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40809382/terraform-labs-historic-4-5b-settlement-with-sec-makes-2024-the-most-penalized-year-for-cr">from a settlement with</a> Terraform Labs.
What Happened: The regulator has gathered $8.2 billion in monetary penalties for the fiscal year 2024, marking the highest amount in the agency&#8217;s history.
This figure represents a 67% increase from the $4.9 billion collected in fiscal year 2023.
Despite the record penalty collection, the SEC saw a 26% decline in enforcement actions during the year, with 583 actions taken.
The regulator also barred 124 individuals from serving as officers and directors of public companies, marking the second-highest number in a decade.
See Also: <a href="https://www.benzinga.com/news/global/24/11/42148498/wall-street-rebounds-without-its-ai-darlings-boost-king-dollar-maintains-dominance-while-bitcoin-defies-gravity-this-week-in-the-markets?itm_source=parsely-api">Wall Street Rebounds Without Its AI Darling&#8217;s Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets</a>
Moreover, the SEC returned $345 million to investors who had been impacted, bringing the total amount returned since fiscal year 2021 to over $2.7 billion.
The agency also processed 45,130 tips, complaints, and referrals during the year — a record high — including over 24,000 whistleblower submissions.
Notably, more than 14,000 of those submissions came from just two individuals. The regulator has awarded whistleblowers a total of $255 million.
Why It Matters: The SEC has been cracking down on companies for misleading public disclosures related to cybersecurity risks and breaches.
The record-breaking total was largely influenced by a significant monetary judgment against cryptocurrency company Terraform Labs and its former CEO Do Kwon, following a successful SEC jury trial.
The case was one of the largest securities frauds in U.S. history.
Another notable financial <a href="https://www.benzinga.com/markets/equities/24/01/36649969/morgan-stanley-to-pay-249m-penalty-in-block-trade-case-how-leaks-cost-blackstone-oaktree-million">penalty was a $249 million</a> settlement with Morgan Stanley, resolving SEC charges related to the disclosure of confidential information about large stock sales.
In October, the regulator also <a href="https://www.benzinga.com/government/24/10/41470706/sec-charges-four-companies-over-solarwinds-hacks-issues-millions-in-penalties">charged four major companies</a> over the SolarWinds hacks, issuing millions in penalties.
Earlier this month, JPMorgan Chase &amp; Co. also agreed to <a href="https://www.benzinga.com/news/large-cap/24/11/41685913/jpmorgan-to-pay-investors-151-million-after-sec-flags-various-law-violations">pay investors $151 million</a> following SEC charges for various law violations.
The stringent regulatory approach, particularly towards cryptocurrencies, has been a hallmark of SEC Chair Gary Gensler&#8217;s tenure, who <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">announced that he will step down</a> in January.
During his tenure, the SEC pursued <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40568347/after-binance-and-coinbase-gary-gensler-led-sec-set-to-lock-horns-with-crypto-exchange-kra">several enforcement actions</a> against prominent cryptocurrency firms, including filing lawsuits against Coinbase and Binance for allegedly running unregistered securities exchanges.
In July, President-elect Donald Trump had stated, "I will <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40018935/trumps-bitcoin-conference-pledge-can-he-really-fire-sec-chair-gensler">fire Gary Gensler</a> on day one." His statement was an indication of a possible change in the SEC's stance on digital assets with the new administration.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42134031/markets-got-it-wrong-after-elections-prospects-of-tariffs-not-good-for-equities-vs-dollar-says-ex-goldman-sachs-analyst?itm_source=parsely-api">Markets Misread Trump Win, Says Ex-Goldman Sachs Analyst: &#8216;Prospects Of Tariffs Not Good For Equities&#8217;</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: Shutterstock

SEC Shatters Record With $8.2B In Penalties For 2024, Led by Terraform Labs' Massive Settlement

Eric Jackson, the founder and portfolio manager at EMJ Capital, has shared his thoughts on the potential catalysts that could drive Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) value to $100,000.
What Happened: On Friday, Jackson appeared on CNBC&#8217;s Closing Bell and suggested that the upcoming Thanksgiving holiday, new SEC policies, and global adoption could spark Bitcoin&#8217;s next bull run.
During the interview, Jackson stated, &#8220;I think a lot of people that I talk to say, well, it&#8217;s just going to kiss $100,000 and pull back.&#8221;&nbsp;
Adding, &#8220;But I do think there&#8217;s a chance like that $100,000 milestone could be a rethink for a lot of investors both institutional, sovereign retail, and there are a bunch of catalysts ahead I think.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42052184/will-shiba-inu-coin-reach-1-cent-by-2025-47-of-benzinga-readers-say?itm_source=parsely-api">Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say…</a>
He went on to explain that the new SEC regime and the potential for a strategic reserve could be significant catalysts for Bitcoin.
Jackson also said that the Thanksgiving period often acts as a springboard for bullish crypto periods, rather than a setback.
He concluded by saying, &#8220;I think those names, you know, and the fact that they … there&#8217;s a real structure that&#8217;s going to be coming into place, around crypto and Bitcoin, I think those will be catalysts in and of themselves.&#8221;
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> hitting an all-time high again today on the path to $100K. How much longer can the supportive action continue? <a href="https://twitter.com/ericjackson?ref_src=twsrc%5Etfw">@EricJackson</a> discusses:<a href="https://t.co/Z3PZanYx4F">https://t.co/Z3PZanYx4F</a>
&mdash; CNBC&#39;s Closing Bell (@CNBCClosingBell) <a href="https://twitter.com/CNBCClosingBell/status/1860091069284962733?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Earlier, Galaxy Digital Holdings Ltd. CEO Mike Novogratz warned of a potential pullback due to excessive market leverage, but maintained that Bitcoin <a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">reaching $100,000 is &#8220;inevitable.&#8221;</a>
Meanwhile, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman Michael Saylor has predicted that Bitcoin could hit $13 million by 2045, a valuation that would put Bitcoin's market <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116183/michael-saylor-predicted-bitcoin-to-hit-13-million-if-it-happens-it-will-entail-massive-hyperinflation-analyst-warns">cap at around $250 trillion</a>.
Companies like MicroStrategy, which <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121936/bitcoin-boom-20-microstrategy-gains-traction-as-a-leveraged-bet-on-crypto-growth">owns more than 150,000 Bitcoins</a>, are emerging as key players in this evolving market, effectively operating as a leveraged bet on the cryptocurrency.
In a note to Benzinga, Sumit Gupta, co-founder of CoinDCX, highlighted the surge in <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42135905/bitcoin-nears-100000-momentum-could-continue-well-beyond-the-milestone-experts-note">trading activity as a key driver</a>. He also pointed to developments in the U.S. political landscape as a contributing factor.
The digital asset market has already benefited from the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">incoming administration</a> of President-elect Donald Trump, with many speculating that a potential second term could bring more favorable regulatory policies for crypto.
Gupta added that speculation over SEC Chair Gary Gensler's resignation and the possibility of crypto-friendly leadership has further fueled investor optimism.
Price Action: At the time of writing, Bitcoin was trading at $98,816, up nearly 0.2% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/education/24/11/42098422/heres-how-much-100-invested-in-cardano-today-could-be-worth-if-ada-hits-new-all-time-highs?itm_source=parsely-api">Here&#8217;s How Much $100 Invested In Cardano Today Could Be Worth If ADA Hits New All-Time Highs</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Pixabay

Bitcoin's Road To $100K: Why Thanksgiving, New SEC Policies, And Global Adoption Could Spark The Next Bull Run, According To This Portfolio Manager

President-elect Donald Trump has picked hedge fund executive Scott Bessent as the U.S. Treasury Secretary.
What Happened: Bessent, 62 and founder of Key Square Group, was a leading candidate, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42091821/could-donald-trumps-potential-treasury-secretary-be-out-of-his-depth-on-crypto-policy-polymarket-traders-just-cant-decide-on-a-favorite">competing with</a> former Fed Governor Kevin Warsh and private equity executive Marc Rowan.
While sharing the decision on Friday via his social media platform Truth Social, Trump lauded Bessent as "one of the World's foremost International Investors and Geopolitical and Economic Strategists."
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22205557/Screenshot-2024-11-23-at-7.25.49%E2%80%AFAM-900x1024.png" alt="" class="wp-image-661913" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
See Also: <a href="https://www.benzinga.com/news/legal/24/11/42147981/trumps-hush-money-sentencing-delayed-as-legal-immunity-debate-escalates">Trump&#8217;s Hush Money Sentencing Delayed As Legal Immunity Debate Escalates</a>
Bessent is known for his support of gradual tariffs and deregulation, aligning with Trump&#8217;s economic vision, which includes reviving manufacturing and achieving energy independence.
Despite his previous role as chief investment officer for George Soros' fund, Trump expressed confidence in Bessent&#8217;s ability to improve U.S. competitiveness and address trade imbalances.
Why It Matters: As Treasury Secretary, Bessent will replace outgoing Secretary Janet Yellen, overseeing financial institutions and combating financial crimes at a time when <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42140842/sp-500-faces-volatile-2025-as-inflation-boom-could-return-bank-of-america-strategist">the national debt has ballooned to $36 trillion</a>.
According to <a href="https://www.benzinga.com/government/regulations/24/11/41909846/trumps-treasury-pick-frontrunner-scott-bessent-could-shift-wall-street-crypto">betting markets</a>, Bessent was a frontrunner with an 82% probability of securing the nomination. His appointment could significantly impact Wall Street and the crypto sector.
In October, Bessent assured that a new Trump administration would <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41308042/trump-adviser-defends-ex-presidents-economic-policies-strong-dollar-would-natural">support a strong dollar</a>, countering previous suggestions of a weaker dollar to boost exports.
Despite Elon Musk&#8217;s support for Howard Lutnick, <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump favored Bessent&#8217;s</a> business-as-usual approach.
In July, Bessent gained attention for his optimistic stance on cryptocurrency, suggesting he might support digital assets if confirmed. &#8220;Crypto is about freedom and the crypto economy is here to stay,&#8221; he stated at the time.
The latest 13F filing from Bessent&#8217;s Key Square Group fund shows a highly concentrated portfolio, with equal investments in two banking-focused ETFs: the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) and the SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>), each making up 50% of the fund.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42146895/are-you-rich-enough-to-benefit-from-trumps-tax-breaks-heres-how-much-youd-need-to-be-part-of-the-top-5">Are You Rich Enough To Benefit From Trump&#8217;s Tax Breaks? Here&#8217;s How Much You&#8217;d Need To Be Part Of The Top 5%</a></li>
</ul>
Disclaimer:&nbsp;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 courtesy: Shutterstock

Politics

Trump Picks Hedge Fund Exec Scott Bessent As Treasury Secretary: What President-Elect's Choice Means For America's Economic Future

APLMW

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

APLM

UBS analyst Jay Sole maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Sell and raises the price target from $14 to $16.

Comments

(TWBCF) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga