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NBA legend Shaquille O&#8217;Neal, known popularly as Shaq, has consented to a $11 million settlement in a class-action lawsuit tied to his promotion of the Astrals non-fungible token (NFT) project.
What Happened: After a year of legal wrangling, O&#8217;Neal agreed to the compensation to have the lawsuit dismissed, The Block <a href="https://www.theblock.co/post/327317/nba-star-shaq-agrees-to-pay-11-million-to-settle-long-simmering-class-action-lawsuit-over-promoting-nfts?utm_source=twitter&amp;utm_medium=social">reported </a>Tuesday. 
At the center of the lawsuit is a collection of 10,000 NFT 3D avatars based on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and a decentralized autonomous organization for incubating innovative projects. 
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42080839/cynthia-lummis-says-strategic-bitcoin-reserve-could-take-shape-soon-after-trump-raises-his-hand-and-is-sworn-in">Cynthia Lummis Says Strategic Bitcoin Reserve Could Take Shape Soon After Trump &#8216;Raises His Hand And Is Sworn In&#8217;</a>
Why It Matters: The suit alleged that O'Neal, who was the face of Astrals, used his celebrity influence to encourage investors to purchase the NFTs. The lawsuit further claimed that O'Neal abandoned the project following the collapse of the cryptocurrency exchange&nbsp;FTX,&nbsp;causing a significant drop in the value of the NFTs.
The plaintiffs&nbsp;claimed that<a href="https://www.benzinga.com/markets/cryptocurrency/23/05/32545657/shaquille-oneal-in-legal-trouble-again-for-alleged-unregistered-token-sale-but-this-time-n" target="_blank" rel="noreferrer noopener">&nbsp;O'Neal was aware of potential regulatory concerns&nbsp;</a>surrounding the selling of unregistered securities but still promoted them to expand his cryptocurrency business.
Earlier in August, the U.S. District Court for the Southern District of Florida, Miami Division, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40455811/nba-legend-shaq-scores-partial-victory-in-astrals-nft-legal-case-but-his-battle-is-not-ove">dismissed the claim</a> that O'Neal was a "control person," but upheld the allegation that Astrals sold &#8220;unregistered securities.&#8221;
Price Action: The floor price of Astrals NFT rose 115% in the last 24 hours to 0.153 SOL, or $36.39 at current market prices, as per NFT marketplace Magic Eden. 
The NFT market recorded an 85% jump in sales volume for the week ending Nov. 17, as per the NFT market tracking platform CryptoSlam, coinciding with the gains in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and the broader cryptocurrency market.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy">Microstrategy&#8217;s Michael Saylor To Advocate For Bitcoin At Microsoft Board Meeting, Offers To Educate Rumble CEO As Well</a></li>
</ul>
Photo courtesy: Shutterstock

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

Cryptocurrency

News

Sports

Markets

$BTC

$SOL

NBA Legend Shaq Agrees To Pay $11M In Astrals NFT Lawsuit

Amid growing tariff concerns, CEO of Tesla&#8217;s Chinese rival Xpeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) Brian Gu has expressed the company&#8217;s resolve to remain competitive in the global market. Gu emphasized the role of artificial intelligence in enhancing driving systems and improving customer experiences.
What Happened: Despite the challenges posed by tariffs, Gu remains optimistic about Xpeng&#8217;s prospects in the European market. He described Europe as a significant long-term opportunity and highlighted the company&#8217;s commitment to expanding its local presence and capabilities, CNBC<a href="https://www.cnbc.com/video/2024/11/20/xpeng-have-to-do-whatever-it-takes-to-stay-competitive.html"> reported</a> on Wednesday.
Gu acknowledged the complexities of operating a global business, especially with<a href="https://www.benzinga.com/news/24/10/41143690/european-tariffs-on-chinas-ev-makers-could-backfire"> potential tariff increases</a> under the incoming <a href="https://www.benzinga.com/news/24/09/40913456/trump-vows-200-tariffs-on-chinese-made-cars-in-mexico-warns-of-us-auto-industry-collapse-if-kamala-h">Donald Trump administration.</a> He emphasized the necessity for Xpeng to adapt by exploring more localized business models and expanding into other promising regions like Southeast Asia, the Middle East, and Latin America. 
Gu stated, &#8220;We have to do whatever it takes to be competitive.&#8221;
See Also: <a href="https://www.benzinga.com/news/global/24/11/42028323/gary-black-defends-tesla-strategy-amid-clash-with-elon-musk-bulls-we-dont-trade-tesla-we-trim-when-the-price-goes-higher?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Gary Black Defends Tesla Strategy Amid Clash With Elon Musk Bulls: &#8216;We Don&#8217;t Trade Tesla&#8230; We Trim When The Price Goes Higher&#8217;</a>
Why It Matters: Xpeng&#8217;s recent financial performance underscores its resilience amid industry challenges. The company reported an <a href="https://www.benzinga.com/24/11/42057872/xpeng-q3-earnings-over-18-topline-growth-deliveries-up-double-digit-percentage-margins-climb-over-15-ceo-eyes-ai-leadership">18.4% year-on-year increase</a> in third-quarter sales, reaching 10.10 billion Chinese Yuan ($1.44 billion), surpassing analyst expectations. This growth was accompanied by a 24.5% sequential rise in total revenues.
Palantir co-founder Peter Thiel recently noted that Trump&#8217;s proposed <a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake">tariffs would be "very, very bad"</a> for China but only &#8220;mildly negative&#8221; for American consumers. Meanwhile, China is <a href="https://www.benzinga.com/markets/equities/24/11/41867397/xi-jinping-courts-us-allies-to-counter-trumps-trade-threats-report">reportedly seeking to engage </a>with U.S. allies in Europe and Asia to counter the economic threats posed by the tariffs.
Price Action: At the time of writing, XPEV was up by 2.48% during Wednesday pre-market hours. Its rivals such Nio Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) were showing very minor movement, 0.43% up and 0.13% down respectively, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42056899/jim-cramer-thinks-trumps-plans-for-robotaxis-are-fanciful-but-he-is-still-bullish-on-tesla-stock-the-musk-premium-will-work-its-magic-in-other-ways?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Thinks Trump&#8217;s Plans For Robotaxis Are &#8216;Fanciful,&#8217; But He Is Still Bullish On Tesla Stock: &#8216;The Musk Premium Will Work Its Magic In Other Ways&#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.
Image via Shutterstock

Tech

General

XPEV

Tesla's Chinese Rival Xpeng Vows To 'Do Whatever It Takes To Be Competitive' Amid Donald Trump's Tariff Threat

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) announced plans to remove Wrapped Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WBTC</a>) from its trading platform, citing &#8220;listing standards,&#8221; with trading suspension scheduled for Dec. 19.
What Happened: The move follows the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40829437/coinbase-launches-cbbtc-bridging-bitcoin-to-ethereum-and-base-networks">cryptocurrency exchange&#8217;s recent launch</a> of its own wrapped Bitcoin product, cbBTC, on the Base blockchain.
&#8220;We have moved our wBTC order books to limit-only mode. Limit orders can be placed and canceled, and matches may occur,&#8221; the exchange said on X.
Wrapped Bitcoin, introduced in January 2019, is an ERC-20 token that represents Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) blockchain, maintaining a 1:1 peg with Bitcoin&#8217;s value.
The Wrapped Bitcoin protocol ensures that each wBTC token is backed by an equivalent amount of Bitcoin through a network of merchants and custodians. This system allows users to transfer liquidity between Bitcoin and Ethereum networks in a decentralized manner, making it a vital bridge between the two largest cryptocurrency ecosystems.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent review, Coinbase will suspend trading for wBTC (wBTC) on December 19, 2024, on or around 12pm ET.
&mdash; Coinbase Assets &#x1f6e1;&#xFE0F; (@CoinbaseAssets) <a href="https://twitter.com/CoinbaseAssets/status/1858921827159945638?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
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The token, developed by BitGo, enables Bitcoin holders to participate in Ethereum&#8217;s decentralized finance (DeFi) ecosystem.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42082077/if-you-bought-bitcoin-at-387-a-decade-ago-you-would-now-have-more-than-2x-the-average-us-retirement-savings">If You Bought Bitcoin At $387 A Decade Ago, You Would Now Have More Than 2X The Average US Retirement Savings</a>
Why It Matters: Market data <a href="https://coinmarketcap.com/currencies/wrapped-bitcoin/">according</a> to CoinMarketCap shows Wrapped Bitcoin trading at $92,645.57, marking a 1.15% increase over the past 24 hours and a significant 149.29% gain over the past year. The token maintains a 24-hour trading volume of $517.86 million.
Wrapped tokens have become increasingly important in the cryptocurrency ecosystem, allowing assets to operate across different blockchains. Coinbase&#8217;s decision to launch cbBTC signals growing competition in the wrapped token market, as major exchanges develop proprietary solutions for cross-chain Bitcoin transactions.
See Also: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42073345/bitcoin-crosses-94000-for-new-all-time-high-dogecoin-back-at-0-40-ethereum-flat-short-term-price-action-unpredictable-say-analysts">Bitcoin Crosses $94,000 For New All-Time High, Dogecoin Back At $0.40, Ethereum Flat: &#8216;Short-Term Price Action Unpredictable,&#8217; Say Analysts</a></li>
</ul>
Image via Flickr
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

$ETH

$WBTC

COIN

Coinbase To Delist Wrapped Bitcoin On This Date, Citing 'Listing Standards'

VRSK

Lockton Re Announced A Strategic Collaboration With Verisk To Bring New (re)insurance Products To The Market

Piper Sandler analyst Brent Bracelin maintains BlackLine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BL#NASDAQ">BL</a>) with a Neutral and maintains $60 price target.

Price Target

Analyst Ratings

Piper Sandler Maintains Neutral on BlackLine, Maintains $60 Price Target

VEEV

Veeva Systems Announced Vault CRM Bot And Vault CRM Voice Control, Two New GenAI Capabilities In Vault CRM

Pfizer Announced That The European Commission Has Granted Marketing Authorization For Hympavzi (marstacimab) For Treatment of Adults and Adolescents with Severe Hemophilia A or B Without Inhibitors

<ul>
<li>Average mobile&nbsp;MAUs&nbsp;in the&nbsp;third quarter&nbsp;of&nbsp;2024&nbsp;were&nbsp;42.1&nbsp;million, compared with&nbsp;51.7&nbsp;million&nbsp;in the&nbsp;same&nbsp;period of&nbsp;2023.</li>
<li>The number of quarterly average paying users in the third quarter of 2024 was 3.4 million, compared with 3.9 million in the same period of 2023.</li>
</ul>

Earnings

DOYU

DouYu International Holdings Q3 Average Mobile MAUs Were 42.1M, Down From 51.7M YoY, Quarterly Average Paying Users Were 3.4M, Down From 3.9M YoY

DouYu Intl Hldgs Q3 Adj EPADS $(0.19), Sales $151.49M Down From $186.29M YoY

Hollywood has witnessed seismic shifts in its business model, from the era of DVD dominance to the advent of streaming giants like Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>). Now, <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence</a> is poised to usher in yet another wave of disruption.
What Happened: Last week, speaking at CNBC's Delivering Alpha Summit, Ben Affleck downplayed fears of AI replacing human creativity. He spoke about how the technology is more likely to reshape the costlier, less creative aspects of filmmaking.
AI &#8220;will lower the barrier to entry and allow more voices to be heard,&#8221; Affleck said, envisioning a future where the technology democratizes the industry.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Finally a grounded take on AI &amp; filmmaking from a Hollywood A-lister. I agree with everything Ben Affleck said: 1. Yes, AI will shatter barriers to entry. Budgets will drop, the number of movies will rise, and more voices will have access to filmmaking. Paradoxically, this&#39;ll… <a href="https://t.co/mPJr4A5ne9">pic.twitter.com/mPJr4A5ne9</a>
&mdash; Bilawal Sidhu (@bilawalsidhu) <a href="https://twitter.com/bilawalsidhu/status/1857816146688217099?ref_src=twsrc%5Etfw">November 16, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/entertainment/24/11/42068719/amc-nears-death-cross-as-debt-takes-center-stage">AMC Nears Death Cross As Debt Takes Center Stage</a>
Following his remarks, Workweek's Trung Phan shared a clip of Affleck&#8217;s co-star from &#8220;Good Will Hunting,&#8221; Matt Damon, where the actor can be seen discussing how streaming replaced DVD economics.
Damon was discussing the topic while appearing on &#8220;Hot Ones&#8221; in 2021. At the time, he noted how the decline of DVDs, once a major revenue source for studios, changed the types of movies that could be made.
&#8220;The DVD was a huge part of our business, of our revenue stream, and technology has just made that obsolete,&#8221; Damon can be heard saying.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Listening to Ben Affleck on how AI will change filmmaking economics, reminds me of Matt Damon talking about how streaming changed DVD economics. The "Good Will Hunting" guys can cook on business of film: <a href="https://t.co/cRzZHFQvyH">https://t.co/cRzZHFQvyH</a> <a href="https://t.co/32n0jhyDqq">pic.twitter.com/32n0jhyDqq</a>
&mdash; Trung Phan (@TrungTPhan) <a href="https://twitter.com/TrungTPhan/status/1858362867927630107?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
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Why It Matters: AI's potential applications in Hollywood extend far beyond scriptwriting and editing.
From predictive analytics for box office success to digital casting and de-aging actors, AI promises to reshape every stage of filmmaking.
Companies like Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) and Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) have already begun integrating AI into their operations, using tools to predict audience preferences and optimize marketing campaigns.
Last year, reports emerged that the artificial intelligence company Metaphysic was assisting Tom Hanks and Robin Wright, the iconic stars of the 1994 classic &#8220;Forrest Gump,&#8221; in being <a href="https://www.benzinga.com/general/entertainment/23/01/30654828/the-rise-of-artificial-intelligence-in-movies-how-the-tom-cruise-deepfake-company-is-helpin">digitally de-aged for a film</a>.
It was also reported that Disney plans to use its Industrial Light and Magic division to digitally de-age Harrison Ford in &#8220;Indiana Jones and the Dial of Destiny,&#8221; for a scene in which he battles Nazis.
For investors, AI presents opportunities reminiscent of the <a href="https://www.benzinga.com/general/entertainment/23/04/31801202/when-netflix-founders-tried-selling-the-company-to-amazon-blockbuster-they-laughed-us-out-o">early days of streaming</a> when Netflix disrupted Blockbuster — the&nbsp;<a href="https://www.benzinga.com/general/education/20/10/17960503/heres-how-much-investing-1-000-in-netflix-when-blockbuster-went-bankrupt-would-be-worth-today" target="_blank" rel="noreferrer noopener">movie rental chain that went bankrupt in 2010</a>. 
The entertainment industry is no stranger to disruptive shifts, and AI could redefine how content is created, marketed, and consumed. Studios investing in AI-based platforms, such as Cinelytic or ScriptBook, are leading this transformation.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/sports/24/11/42042640/netflix-crash-hits-jake-paul-mike-tyson-fight-can-streaming-platform-handle-christmas-day-nfl-action">Netflix Crash Hits Jake Paul-Mike Tyson Fight: Can Streaming Platform Handle Christmas Day NFL Action?</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

Entertainment

NFLX

Netflix Made DVDs Obsolete By Popularizing Streaming. Ben Affleck Thinks AI Will Change The Face Of Hollywood Next

Elon Musk, the CEO of&nbsp;SpaceX&nbsp;and&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has expressed confidence in sending <a href="https://www.benzinga.com/topic/starship">uncrewed Starships to Mars</a> within two years, carrying Tesla Cybertrucks and Optimus robots as payloads.
What Happened:&nbsp;Musk said in a post on X that he is "highly confident" that SpaceX can send "several uncrewed&nbsp;Starships to Mars in 2&nbsp;years."
"If those ships don't&nbsp;increment the crater count on&nbsp;Mars, then crewed ships can&nbsp;be sent in 4 years."
As far as payloads are&nbsp;concerned, Musk said it will include Cybertrucks&nbsp;and Optimus robots.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cybertrucks and Optimus robots
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1859078074303713447?ref_src=twsrc%5Etfw">November 20, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/space/24/11/42033393/spacexs-gwynne-shotwell-sees-starlink-becoming-profitable-in-2024-bets-on-starship-making-it-one-of-the-most-valuable-companies-amid-reports-of-tender-offer-valuing-it-over-250b">SpaceX&#8217;s Gwynne Shotwell Sees Starlink Becoming Profitable In 2024, Bets On Starship Making It One Of The Most Valuable Companies</a>
This comes after SpaceX&#8217;s <a href="https://www.benzinga.com/general/space/24/11/42079270/elon-musk-hails-starships-milestone-splashdown-as-trump-watches-one-more-ocean-landing-before-spacex-attempt-to-catch-the-ship-with-the-tower">successful launch of its Starship rocket from Texas</a>, which President-elect Donald Trump attended.
The rocket, designed to transport astronauts to the moon and Mars, saw its first-stage booster detach from the second stage, propelling the craft into space.
Why It Matters:&nbsp;Musk has <a href="https://www.benzinga.com/government/24/10/41621276/elon-musk-predicts-sending-starship-to-mars-in-2-years-but-warns-regulatory-hurdles-could-delay-lift">previously outlined a timeline</a> for sending SpaceX&#8217;s Starship to Mars within the next two years, during an interview at the Future Investment Initiative Conference in Saudi Arabia. However, he warned that regulatory challenges could delay these plans.
The next <a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing">Mars launch window</a> aligns with their timeline for uncrewed Starship missions to the Red Planet. If these missions succeed without issues, human missions could follow two years later.
Earlier, Musk earlier hinted at <a href="https://www.benzinga.com/general/space/24/11/41962821/elon-musk-eyes-martian-tunnels-dug-using-the-boring-company-equipment-hints-at-using-spacexs-starship-to-take-them-to-mars">plans to deploy tunneling equipment</a> from The Boring Company to help his dream of enabling a human settlement on Mars. He envisions humans living in an interconnected web of tunnels on Mars owing to the dust storms on the surface.
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:
<ul>
<li><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">Tesla Electric Offers Unlimited Overnight Charging For Just $5 A Month As EV Giant Races Toward 500K Sales Target</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tesla

SPACE

TSLA

Elon Musk Predicts Tesla Cybertrucks, Optimus Robots Will Be Aboard SpaceX Starships To Mars In 2 Years

<h3>Companies Reporting Before The Bell</h3>
• Williams-Sonoma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $1.79 billion. 
• Cool Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLCO#NYSE">CLCO</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $81.87 million. 
• TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) is expected to report quarterly earnings at $1.10 per share on revenue of $13.95 billion. 
• Global E Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) is likely to report quarterly loss at $0.15 per share on revenue of $168.60 million. 
• ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) is likely to report quarterly earnings at $7.21 per share on revenue of $2.41 billion. 
• Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) is projected to report quarterly loss at $0.53 per share on revenue of $349.50 million. 
• Dycom Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DY#NYSE">DY</a>) is likely to report quarterly earnings at $2.26 per share on revenue of $1.22 billion. 
• Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) is projected to report quarterly loss at $0.15 per share on revenue of $72.77 million. 
• So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) is expected to report earnings for its third quarter. 
• Yatsen Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YSG#NYSE">YSG</a>) is expected to report earnings for its third quarter. 
• ATRenew (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $561.74 million. 
• Full Truck Alliance Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YMM#NYSE">YMM</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $388.51 million. 
• Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) is estimated to report quarterly earnings at $1.43 per share on revenue of $443.96 million. 
• Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) is projected to report quarterly earnings at $2.30 per share on revenue of $25.90 billion. 
• NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) is projected to report quarterly loss at $0.32 per share on revenue of $2.70 billion. 
• Nano Dimension (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>) is projected to report earnings for its third quarter. 
• Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) is estimated to report earnings for its third quarter. 
• DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) is likely to report earnings for its third quarter. 
• Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) is estimated to report earnings for its third quarter. 
• Jiayin Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFIN#NASDAQ">JFIN</a>) is expected to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Copa Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPA#NYSE">CPA</a>) is expected to report quarterly earnings at $3.43 per share on revenue of $860.65 million. 
• Corporacion America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAAP#NYSE">CAAP</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $400.00 million. 
• Banco BBVA Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAR#NYSE">BBAR</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $583.60 million. 
• VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $286.47 million. 
• Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) is likely to report quarterly earnings at $3.55 per share on revenue of $53.30 million. 
• Universal Technical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $191.24 million. 
• Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $898.46 million. 
• Maximus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMS#NYSE">MMS</a>) is estimated to report quarterly earnings at $1.48 per share on revenue of $1.31 billion. 
• Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) is likely to report quarterly earnings at $1.09 per share on revenue of $356.86 million. 
• KinderCare Learning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLC#NYSE">KLC</a>) is projected to report quarterly loss at $0.02 per share on revenue of $669.45 million. 
• NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $33.12 billion. 
• Jewett-Cameron Trading (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCTC#NASDAQ">JCTC</a>) is projected to report earnings for its fourth quarter. 
• Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) is projected to report quarterly loss at $0.25 per share on revenue of $2.80 million. 
• Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $14.32 million. 
• Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) is expected to report quarterly earnings at $1.48 per share on revenue of $2.12 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BBAR

CAAP

CLCO

DUOT

ESEA

GLBE

JACK

JCTC

JFIN

NAAS

NNDM

NVDA

PANW

RERE

SNOW

VNET

Earnings Scheduled For November 20, 2024

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has been on a record-breaking run since Donald Trump was elected president earlier this month.
The leading cryptocurrency has been hitting new all-time highs practically every day, with the latest upswing pushing it beyond $94,000 for the first time.
Interestingly, the bullish run has made one Bitcoin worth more than the average retirement savings of Americans.
What happened: According to the Federal Reserve&#8217;s most recent Survey of Consumer Finances, the median retirement savings in the U.S. <a href="https://www.federalreserve.gov/publications/files/scf23.pdf">was </a>estimated to be $86,900. This reflected an increase of 15% from 2019.&nbsp;
A separate <a href="https://www.transamericainstitute.org/docs/library/research/post-pandemic-retirement-realities-multigenerational-workforce-press-release-july-2023.pdf?sfvrsn=7b892af_8">study </a>by Transamerica Center in 2023 revealed that millennials, those born between 1981 and 1996, saved only $49,000 in retirement funds, while Generation X, born between 1965 and 1980, saved $82,000.
See Also: <a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy">Microstrategy&#8217;s Michael Saylor To Advocate For Bitcoin At Microsoft Board Meeting, Offers To Educate Rumble CEO As Well</a>
In contrast, the value of Bitcoin has leapfrogged 23,853% in the last decade, rising from $387 in Nov. 2014 to $92,696 as of this writing.
So, if someone bought $1,000 in Bitcoin ten years ago, their investment would now be worth $239,524, more than twice the estimated retirement savings highlighted above.&nbsp;&nbsp;
Additionally, a report disclosed that <a href="https://www.benzinga.com/personal-finance/24/04/38466698/are-you-saving-enough-to-be-in-the-top-3-of-retirees-heres-how-much-you-need">the average U.S. adult estimates</a> needing $1.46 million to retire &#8220;comfortably&#8221; in 2024, with Gen Z and Millennials needing more than $1.6 million.&nbsp;
If they invested around $10,000 of their wealth into Bitcoin 10 years ago, their stockpile would have been worth more than $2.39 million today.&nbsp;
Price Action: At the time of writing, Bitcoin was exchanging hands at $92,696, up 1.01% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/42079984/dogecoin-bitcoin-left-in-the-dust-by-ai-meme-coin-goat-as-nvidias-q3-earnings-draw-near">Dogecoin, Bitcoin Left In The Dust By AI Meme Coin GOAT As Nvidia&#8217;s Q3 Earnings Draw Near</a></li>
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Photo courtesy: Pixabay

Personal Finance

If You Bought Bitcoin At $387 A Decade Ago, You Would Now Have More Than 2X The Average US Retirement Savings

ATRenew (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) reported quarterly earnings of RMB0.55 per share which met the analyst consensus estimate. This is a 89.66 percent increase over earnings of RMB0.29 per share from the same period last year. The company reported quarterly sales of RMB4.051 billion which beat the analyst consensus estimate of RMB4.018 billion by 0.82 percent. This is a 24.42 percent increase over sales of RMB3.256 billion the same period last year.

Earnings Beats

ATRenew Q3 2024 Adj. EPS RMB0.55, Inline, Sales RMB4.051B Beat RMB4.018B Estimate

Major Chinese fund companies have&nbsp;announced a reduction in fees&nbsp;for a selection&nbsp;of equity exchange-traded funds (ETFs). This move intensifies the price war in the booming $400 billion ETF market.
What Happened: The fee cuts come a day after&nbsp;Wu Qing, China&#8217;s chief securities regulator, expressed support for index investment and fee reform in the fund industry. ETFs, which&nbsp;typically track an index and&nbsp;trade on exchanges, have seen significant growth this year as investors turn away from underperforming active fund managers, Reuters&nbsp;reported on Wednesday.
China Asset Management Co&nbsp;(ChinaAMC), leading the ETF market, announced it would reduce fees on&nbsp;eight ETF products, including the&nbsp;160 billion yuan China SSE 50 ETF. The management fee will drop to 0.15% from 0.5%, and the custodian fee to 0.05% from 0.1%.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/41862692/steve-madden-announces-plans-to-move-production-to-avoid-trump-tariffs-but-theres-a-catch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Steve Madden Announces Plans To Move Production To Avoid Trump Tariffs, But There&#8217;s A Catch</a>
Other fund companies such as&nbsp;E Fund Management,&nbsp;Huatai-PineBridge Fund Management,&nbsp;Harvest Fund Management, and&nbsp;HuaAn Fund Management&nbsp;have made similar announcements. This trend is expected to attract more capital into the market, with net inflows into China&#8217;s onshore ETFs surpassing 900 billion yuan this year, according to BNP Paribas. 
Why It Matters: The fee reduction by major Chinese fund companies comes amid a backdrop of economic measures and market fluctuations. In October, investor sentiment was dampened when anticipated large-scale economic stimulus measures from Chinese authorities did not materialize. Despite <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41316058/chinese-stocks-etfs-struggle-as-multi-trillion-yuan-stimulus-hopes-fall-short-yet-m">signals of increased fiscal support,</a> the absence of a substantial economic package left traders underwhelmed.
Furthermore, China&#8217;s decision to cut interest rates in late October led to a decline in <a href="https://www.benzinga.com/news/24/10/41426987/us-listed-chinese-etfs-drop-after-beijing-cuts-interest-rates">several China-focused ETFs</a> in the U.S. This move, aimed at stimulating economic growth, instead raised concerns among investors about its broader implications.
Meanwhile, U.S.-listed Chinese ETFs have been providing American investors exposure to Chinese equities, bonds, or a combination of both, while being traded on U.S. stock exchanges. These ETFs are a convenient way for investors to gain diversified exposure to China&#8217;s economic growth without the complexities of directly investing in foreign markets. According to <a href="http://pro.benzinga.com">Benzinga Pro</a>, KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>), iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>), Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>), and iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) are some of the popular names on the list.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/11/42046456/xpeng-vs-nio-can-tech-trend-turn-the-tables-ahead-of-q3-earnings?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">XPeng Vs. NIO: Can Tech, Trend Turn The Tables Ahead Of Q3 Earnings?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Global

ETFs

KWEB

MCHI

PowerShares Golden Dragon Halter USX China Portfolio

Chinese Fund Giants Slash ETF Fees Amid Intense Market Competition

FCPT

Reported Earlier, FCPT Acquires Raising Cane's, Dollar General, and Jiffy Lube Properties For $6.6M In Prime Retail Locations

<ul>
<li>– Filing asserts that the DEA failed to maintain a complete record and ensure fairness and transparency –</li>
<li>– Filing also asserts DEA is compromised and should be barred from participation in these proceedings –</li>
<li>– Parties move that the Department of Justice replace the DEA as proponent of the Proposed Rule –</li>
</ul>

Reported Earlier, Village Farms International And Hemp For Victory Submit Joint Motion To Remove DEA From Marijuana Rescheduling Oversight

MIELY

Reported Earlier, Mitsubishi Electric To Invest ¥10B In New Power Semiconductor Facility

BANX

Reported Earlier, ArrowMark Financial Reports October NAV Estimate Of $22.02

Reported Earlier, Bladex Names Annette van Hoorde Chief Financial Officer As Ana Graciela de Mendez Retires

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