 (YAMHY) Stock, Quote.Headers.trade-ideas

Government

News

Penny Stocks

Regulations

Tech

Media

FUJHY

HINOY

MZDAY

NSANY

SZKMY

YAMHY

Toyota Affiliate Held Responsible For Fudging Emissions Data From At Least 2003, Investigation Finds

Earnings

Pre-Market Outlook

Markets

CMCSA

DNKN

GRMN

LGGNY

SCBFF

SCGLY

TWODF

Earnings Roundup

Guidance

Yamaha Motor Reports 5% Drop In Net Profit, Raises Full-Year Net Profit Forecast

Yamaha Motor Co Ltd ADR

The units are expected to trade on The Nasdaq Capital Market ("Nasdaq") under the ticker symbol "RIBBU" beginning January 15, 2025. The Company expects the IPO to close on or about January 16, 2025, subject to customary closing conditions. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the rights are expected to be traded on Nasdaq under the symbols "RIBB" and "RIBBR," respectively.

IPOs

RIBBU

Reported Earlier, Ribbon Acquisition Corp Prices $50M Initial Public Offering Of 5M Units At $10/Unit

The Notes will mature on March 15, 2030, and may be redeemed in whole or in part at the Company's option at any time prior to February 15, 2030, at par plus a "make-whole" premium plus accrued interest. The Notes will bear interest at a rate of 6.650% per year payable semi-annually on March 15 and September 15 of each year, beginning September 15, 2025.

NCDL

Reported Earlier, Nuveen Churchill Prices $300M 6.650% Notes Offering With Semi-Annual Payments

Concrete Pumping Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBCP#NASDAQ">BBCP</a>) (the "Company") announced today that its Board of Directors has declared a special, one-time cash dividend of $1.00 per share of common stock (the "Special Dividend"). The Special Dividend will be paid on or about February 3, 2025, subject to the closing of the Company's previously announced offering of $425.0 million aggregate principal amount of senior secured second lien notes due 2032. Stockholders of record as of January 24, 2025 will be eligible to receive the Special Dividend. The aggregate amount of the payment to be made in connection with the Special Dividend is expected to be approximately $53 million.

BBCP

Reported Earlier, Concrete Pumping Announces $1.00/Share Special Dividend, Payable February 3, 2025

Calumet intends to use all of the net proceeds from the Offering to redeem a portion of the Issuers' outstanding 11.00% Senior Notes due 2026 (the "2026 Notes") on or before April 15, 2025 (the "Redemption"). The New Notes are a mirror issue to the Issuers' existing 9.75% Senior Notes due 2028, of which $325 million in aggregate principal amount was issued on June 27, 2023 (the "Original Notes"). The New Notes will have substantially identical terms as the Original Notes. However, the New Notes will be issued under a separate indenture and have different CUSIP numbers from the Original Notes.

CLMT

Reported Earlier, Calumet Launches $100M Offering Of 9.75% Senior Notes For Debt Refinancing

Under the terms of the joint venture, NWTN and W Motors will collaborate on research and development, manufacturing, and market expansion strategies, with a focus on mid luxury vehicles, security and enforcement vehicles as well as sustainable mobility solutions with an aim to localize manufacturing and assembly by leveraging W Motors's existing capabilities and infrastructure in the UAE.

NWTN

Reported Earlier, NWTN And W Motors  Form Joint Venture To Advance Mid-Luxury And Sustainable Vehicle Solutions

LICY

Reported Earlier, Li-Cycle Announces Proposed U.S. Offering Of Common Shares And Warrants

MGNI

Reported Earlier, Magnite Expands Programmatic Advertising Partnership With Samsung Ads In Southeast Asia

Strategic partnership to streamline payment solutions and elevate traveller experience, introducing over 40 new payment methods across 8 key Asian markets

BKNG

Reported Earlier, Booking.com Partners With Antom To Introduce Over 40 Local Payment Options In 8 Key Asian Markets

Launch of 'Beyond Tennis': A new generative AI tennis league with AI players and data-driven tournaments

INFY

Reported Earlier, Infosys And Tennis Australia Redefine Tennis Engagement With New AI-Powered Features

California-based EV startup Rivian Automotive said on Tuesday that the company has deployed vehicles to support relief activities in the Los Angeles area <a href="https://www.benzinga.com/news/25/01/42935570/newsom-la-wildfires-could-become-worst-natural-disaster-in-us-history">battling wildfires.</a>
What Happened: Rivian said that it deployed vehicles to support the World Central Kitchen, the Labelle Foundation, OpenClosit, SolarPunks, and more to transport relief supplies and support emergency response.
The company is also engaging with first responders on how it can assist further, the company said. 
To help its EV owners evacuate amid the fires, the company made no-cost DC fast charging available to Rivian vehicles at its own Rivian Adventure Network sites within 150 miles of Los Angeles. 
The company also offered its Rivian South Coast Theater in Laguna Beach as a place to rest or charge devices for people evacuating their homes.
Why It Matters: California has been battling multiple wildfires over the last few days. According to the California Department of Forestry and Fire Protection, the current incidents have burned over 40,000 acres with over 12,300 structures destroyed. About 24 people died in the fires, the department said. 
Other carmakers like Tesla and Ford also contributed to relief efforts. 
Earlier this week, Tesla CEO Elon Musk <a href="https://www.benzinga.com/general/space/25/01/42939786/despite-elon-musks-feud-with-gavin-newsom-tesla-rolls-out-support-for-california-amid-wildfires-with-cybertrucks-starlink-and-megapack-chargers">warned customers</a> awaiting their Cybertruck deliveries in Los Angeles that their orders might be delayed as the company used the trucks to provide power to Starlink internet terminals in areas of LA that lost connectivity. The company also deployed multiple megapack chargers to relieve congestion&nbsp;<a href="https://www.benzinga.com/tech/25/01/42906316/tesla-says-fsd-strikeouts-will-be-forgiven-in-california-to-help-evacuation-efforts-amidst-wildfires" target="_blank" rel="noreferrer noopener">during evacuations</a>, provide power to houses, and aid first responder efforts, it said.
Dearborn-based Ford and its philanthropic arm called Ford Philanthropy, meanwhile, announced two new grants to support the Los Angeles Fire Department Foundation and the California Community Foundation's Wildfire Recovery Fund and cater to urgent relief needs. 
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/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data" target="_blank" rel="noreferrer noopener">Cybertruck Success Comes At A Cost: Tesla Sells Nearly 39,000 Units In 2024, But Luxury Model S And X Sales Take A Hit In US, Data Shows</a></li>
</ul>
Photo courtesy: Shutterstock

RIVN

TSLA

Rivian Joins Ford, Tesla In Supporting Relief Efforts Amid California Wildfires

JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) announced a significant leadership reorganization on Tuesday marking one of the most substantial executive reshuffles under CEO Jamie Dimon&#8216;s tenure, as President and COO Daniel Pinto prepares to step down after four decades with the firm.
What Happened: Jennifer Piepszak, previously Co-CEO of the Commercial &amp; Investment Bank, has been appointed Chief Operating Officer effective immediately. She will oversee technology, operations, corporate strategy, and diversity initiatives while managing the firm&#8217;s global corporate centers in India and the Philippines, which employ over 80,000 professionals.
In May, Dimon suggested he might retire within five years. Pinto, once a top contender to succeed him, briefly stepped in during Dimon&#8217;s illness in 2020. Dimon has praised <a href="https://www.benzinga.com/startups/24/08/40443847/jamie-dimons-loyalty-play-jpmorgans-second-in-command-loses-grip-after-shakeup">Pinto as &#8220;extraordinarily smart&#8221; and a valuable partner</a>.
The reorganization comes as JPMorgan approaches its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42984073/banks-kick-off-earnings-season-on-wednesday-retail-traders-bet-big-on-financials-ahead-of-regulatory-tailwinds">fourth-quarter earnings report</a>, with analysts projecting earnings of $4.11 per share on revenue of $41.7 billion. The bank&#8217;s stock has shown strong technical indicators, trading above key moving averages at $247.27, up 1.25% ahead of the announcement.
&#8220;Daniel has been an outstanding business leader, who has nurtured many of our top senior leaders and contributed to the success of businesses across the firm,&#8221; Dimon said of Pinto, who will transition to Vice Chairman by June before retiring at the end of 2026.
See Also: <a href="https://www.benzinga.com/news/25/01/42993713/trump-2-0-could-be-thwarted-by-inflation-mohamed-el-erian-notes-ahead-of-cpi-data-release">Trump 2.0 Could Be Thwarted By Inflation, Mohamed El-Erian Notes Ahead Of CPI Data Release</a>
Why It Matters: In concurrent moves, Doug Petno, former Co-head of Global Banking, will succeed Piepszak as CIB Co-CEO alongside Troy Rohrbaugh. John Simmons will step up as Co-head of Global Banking with Filippo Gori, both reporting to Petno and Rohrbaugh.
The leadership changes come as JPMorgan maintains its position as the largest U.S. bank by assets, with $4.2 trillion in assets and $346 billion in stockholders&#8217; equity as of September. Marianne Lake and Mary Erdoes will continue leading Consumer and Community Banking and Asset &amp; Wealth Management, respectively.
Wall Street <a href="https://www.benzinga.com/25/01/42820522/jpmorgan-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">analysts have expressed optimism</a> about JPMorgan&#8217;s outlook, with Piper Sandler recently raising its price target to $275, while maintaining an Overweight rating. The succession planning reflects Dimon&#8217;s focus on maintaining the bank&#8217;s market leadership amid evolving financial services landscapes.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/asia/25/01/42993441/south-korean-president-yoon-suk-yeol-arrested-kospi-edges-higher-despite-political-upheaval-won-stable">South Korean President Yoon Suk Yeol Arrested — KOSPI Edges Higher Despite Political Upheaval, Won Stable</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Management

Jamie Dimon Oversees Major Leadership Shake-Up At JPMorgan Chase As President Daniel Pinto Prepares To Step Down

A widely followed X personality on Monday drew attention to a potential surge in Dogecoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) price following the upcoming presidential inauguration.
What Happened: Cephii, a strong backer of the world&#8217;s largest meme coin, highlighted the historical pattern of Dogecoin&#8217;s spike post-presidential inauguration.
Cephil noted that the dog-themed cryptocurrency surged nearly 1100% a week after the inauguration of Joe Biden in 2021. 
It&#8217;s worth noting that while DOGE did rally after the swearing-in, the surge wasn&#8217;t this sudden. It took a month for the asset to gain nearly 500% since the inauguration.
The influencer further pointed out that the pattern post-election this time around is &#8220;nearly identical&#8221; to that of 2021, implying a repeat of the rally.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Last cycle, <a href="https://twitter.com/search?q=%24doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$doge</a> pumped about 1100% a week after inauguration. Interesting. So far, post election pattern is nearly identical. <a href="https://t.co/DnCK82fvNw">pic.twitter.com/DnCK82fvNw</a>
&mdash; Cephii (@Cephii1) <a href="https://twitter.com/Cephii1/status/1878601732915437876?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936962/shytoshi-kusama-outlines-treat-tokens-usefulness-ahead-of-launch-optimistic-whales-buy-up-shiba-inu">Shytoshi Kusama Outlines TREAT Token&#8217;s Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu</a>
Another technical analyst, going by the pseudonym Chandler, reminded that DOGE hit a new all-time high eight days after the inauguration. To reproduce the feat, DOGE would need to double in value to $0.7316.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In 2021, the new ATH didn't happen until 8 days after the presidential inauguration. Will it take this long again? <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> <a href="https://t.co/tkzKsQb3Ze">pic.twitter.com/tkzKsQb3Ze</a>
&mdash; Chandler&#x26a1;&#xFE0F; (@ChandlerCharts) <a href="https://twitter.com/ChandlerCharts/status/1879245988583649348?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Meanwhile, sentiment has also shifted in the derivatives market. The number of traders placing bullish bets on Bitcoin exceeded those shorting the asset in the last 24 hours, <a href="https://www.coinglass.com/LongShortRatio">according </a>to the Long/Short Ratio indicator.</figcaption></figure>
Why It Matters: Dogecoin enthusiasts are optimistic about the incoming Donald Trump administration, which will have the first-ever <a href="https://www.benzinga.com/news/25/01/42871802/doge-co-lead-elon-musk-and-vivek-ramaswamy-reportedly-on-a-hiring-spree-for-full-timers">Department of Government Efficiency</a>, or DOGE, led by tech mogul Elon Musk.
Investors also appeared to price in promising developments with regard to cryptocurrency regulations in the U.S., with <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962279/trump-could-sign-crypto-related-executive-orders-on-day-1-report">some reports suggesting that Trump would sign crypto-related executive orders</a> on Day 1.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.3551, down 9.33% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the coin was up 12.50%, compared to nearly 273% in gains in 2024.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
</ul>

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

Cryptocurrency

$DOGE

Dogecoin To Hit New All-Time High After Trump Is Sworn In? Influencer Says Pattern 'Nearly Identical' To Last Inauguration

South Korea&#8217;s Hyundai Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) and Kia Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KIMTF#OTC">KIMTF</a>) collectively overtook Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) in EV sales in the U.S. last year, according to recent data from automotive research company Kelley Blue Book.
What Happened: Hyundai sold 61,727 EVs in the U.S. in 2024 while Kia sold 56,099, taking their collective numbers to 117,826 units. 
American brand Ford, in the meantime, sold only 97,865 EVs, including its three EV models Mustang Mach-E, F-150 Lightning, and E-Transit. 
Other Top Sellers: The top-selling EV brand in the U.S. in 2024 was Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) which sold about 634,000 EVs. Ford was the second-best-selling individual brand.
General Motors Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) <a href="https://www.benzinga.com/tech/25/01/42801755/gm-overtakes-ford-ev-sales-in-q4-with-equinox-ev-sells-670-units-of-escalade-iq-priced-at-130000">brands</a> Brightdrop, Cadillac, Chevrolet, and GMC collectively sold only 114,426 EVs, less than Hyundai and Kia together.
Best-selling models: The Ioniq 5 was Hyundai&#8217;s best-selling EV in the year while the EV9 was Kia&#8217;s.
Hyundai sold over 44,000 units of the Ioniq 5 last year, effectively placing it in the fourth position among best-selling EVs after the Tesla Model Y, Model 3, and the Ford Mustang Mach-E. 
Tesla&#8217;s latest addition to its lineup &#8211; <a href="https://www.benzinga.com/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">the Cybertruck</a> &#8211; took the place of the fifth best-selling EV in the country, overtaking Ford&#8217;s F-150 Lightning electric pickup.
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/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">Cybertruck Success Comes At A Cost: Tesla Sells Nearly 39,000 Units In 2024, But Luxury Model S And X Sales Take A Hit In US, Data Shows</a></li>
</ul>
Photo courtesy: Hyundai

HYMTF

KIMTF

South Korea's Hyundai, Kia Collectively Sold More EVs In US Than Ford In 2024

Prominent economist Mohamed El-Erian highlighted Bloomberg Opinion columnist John Authers&#8216; analysis showing how inflation could derail President-elect Donald Trump&#8216;s economic agenda before it begins, as markets await crucial December Consumer Price Index data.
What Happened: El-Erian, Chief Economic Advisor at Allianz, shared Authers&#8217; <a href="https://www.bloomberg.com/opinion/articles/2025-01-14/inflation-could-derail-trump-2-0-before-it-starts">opinion</a> piece on Tuesday revealing stark political divisions in inflation expectations. According to Authers&#8217; analysis of University of Michigan data, Democrats anticipate 4% inflation while Republicans project just 0.1% &#8211; a historically low level not seen in nearly 70 years without major oil price declines.
The December CPI report, due Wednesday, is expected to show headline inflation rising to 2.9% year-over-year from November&#8217;s 2.7%, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42988894/all-eyes-on-december-inflation-betting-odds-signal-risk-of-fed-struggling-to-tame">according to consensus estimates</a>. Core inflation, excluding food and energy, is forecast to hold steady at 3.3%.
Market indicators suggest persistent inflation pressures. Authers notes the 10-year breakeven rate, measuring market-based inflation expectations, has climbed to the top of its two-year range. The University of Michigan&#8217;s consumer survey showed five-year inflation expectations at 3.3%, the highest since 2008.
<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">Given all the focus on US inflation this week, and ahead of tomorrow&#39;s CPI data, here are a few charts from <a href="https://twitter.com/johnauthers?ref_src=twsrc%5Etfw">@johnauthers</a>&#39; Bloomberg Opinion note on &quot;Inflation could derail Trump 2.0 before it starts.&quot;<a href="https://twitter.com/opinion?ref_src=twsrc%5Etfw">@opinion</a> <a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://t.co/2SbNkpkaag">pic.twitter.com/2SbNkpkaag</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1879266780558106697?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/asia/25/01/42993441/south-korean-president-yoon-suk-yeol-arrested-kospi-edges-higher-despite-political-upheaval-won-stable">South Korean President Yoon Suk Yeol Arrested — KOSPI Edges Higher Despite Political Upheaval, Won Stable</a>
Why It Matters: &#8220;If inflation remains sticky, monetary policymakers will be responsible,&#8221; said Joe Lavorgna, former Trump administration economic advisor at SMBC Nikko, questioning the Federal Reserve&#8217;s recent rate cuts despite upward revisions to growth and inflation forecasts.
The inflation outlook complicates Trump&#8217;s proposed economic policies, including planned tariffs that could fuel price pressures. While <a href="https://www.benzinga.com/markets/eurozone/25/01/42900748/us-dollar-drops-on-report-of-trump-tariff-plan-shift">reports show that the Trump team</a> is studying gradual tariff increases under emergency powers, any significant trade barriers could challenge efforts to contain inflation.
Fed funds futures currently show a 55% probability of rate cuts by June 2025, though persistent inflation could delay monetary easing into late 2025 or 2026, potentially constraining <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42988894/all-eyes-on-december-inflation-betting-odds-signal-risk-of-fed-struggling-to-tame">Trump&#8217;s growth initiatives</a>. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42993388/jim-cramer-eyes-quantum-computing-stocks-like-rigetti-after-gamestop-sell-off-warns-against-super-micro-computer-they-are-trying-so-hard-to-walk-it-up-now">Jim Cramer Eyes Quantum Computing Stocks Like Rigetti, Warns Against Super Micro Computer: &#8216;They Are Trying So Hard To Walk It Up Now&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Trump 2.0 Could Be Thwarted By Inflation, Mohamed El-Erian Notes Ahead Of CPI Data Release

The blockchain-based company Ripple Labs announced a donation of $100,000 worth of XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) tokens on Tuesday to support the wildfire relief efforts in California.
What happened: The San Francisco-headquartered fintech firm said on X that the contributions will be facilitated through philanthropic organizations like The Giving Block, World Central Organization, and GiveDirectly.
Donations made through The Giving Block will be matched 1:1 by Jared Isaacman, founder and CEO of the non-profit's parent company, Shift4.
<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">Ripple is donating $100,000 in XRP through <a href="https://twitter.com/TheGivingBlock?ref_src=twsrc%5Etfw">@TheGivingBlock</a> to <a href="https://twitter.com/WCKitchen?ref_src=twsrc%5Etfw">@WCKitchen</a> and <a href="https://twitter.com/GiveDirectly?ref_src=twsrc%5Etfw">@GiveDirectly</a> to aid in wildfire relief efforts in California. Thanks to <a href="https://twitter.com/rookisaacman?ref_src=twsrc%5Etfw">@rookisaacman</a>, our donation will be doubled. You can help families and first responders too. Your crypto, cash and stock…
&mdash; Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1879196891356807228?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Matching donations doubles the amount provided by an individual or organization. In this case, the contributions will be matched 1:1 until the $1 million mark has been met. 
While donations will be accepted even after the $ 1 million mark, they won't be eligible for the match.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936962/shytoshi-kusama-outlines-treat-tokens-usefulness-ahead-of-launch-optimistic-whales-buy-up-shiba-inu">Shytoshi Kusama Outlines TREAT Token&#8217;s Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu</a>
Why It Matters: Ripple&#8217;s efforts come at a time when the raging wildfires have caused tremendous damage to life and property. The fires have resulted in <a href="https://www.benzinga.com/25/01/42992642/biden-administration-announces-one-time-770-payments-to-california-wildfire-victims">at least 24 deaths and damage to over 12,000 structures</a>, with the total damage and economic loss estimated to be between $250 billion and $275 billion.
President Joe Biden has announced a <a href="https://www.benzinga.com/25/01/42992642/biden-administration-announces-one-time-770-payments-to-california-wildfire-victims">one-time payment</a> of $770 for victims of the ongoing California wildfires.
Meanwhile, the XRP token rallied to a 7-year high on Tuesday, just 17% shy of its all-time highs. The upsurge was supported by strong demand from whales, who own 37% more XRPs than they did two months ago, according to on-chain analytics firm Santiment.
<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">&#x1f433;&#x1f4c8; XRP investors are pleased to see the #3 market cap asset reach $2.69 today for the first time since December 17, 2024. This is being supported by continued enormous accumulation from wallets holding 1M-10M XRP, who own over 37% more coins than they did 2 months ago… <a href="https://t.co/G3a3N5iSAS">pic.twitter.com/G3a3N5iSAS</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1879259323853062640?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: At the time of writing, XRP was exchanging hands at $2.82, up 10.86% 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>.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
</ul>

$XRP

Ripple Labs Donates $100K In XRP For California Wildfires Relief, Says Contributions Will Be Doubled

On Tuesday, OpenAI announced the introduction of a beta feature named "Tasks" for ChatGPT.
What Happened: The move marks OpenAI&#8217;s entry into the virtual assistant market, positioning itself against established players like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Assistant, Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Siri and Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Alexa.
The "Tasks" feature allows ChatGPT users to schedule future tasks, such as setting reminders for events or arranging regular updates like daily weather forecasts.
See Also: <a href="https://www.benzinga.com/tech/25/01/42893958/after-apple-halts-hardware-subscription-plans-samsung-unveils-similar-strategy-for-ai-powered-galaxy-smartphones">After Apple Halts ‘Hardware' Subscription Plans, Samsung Unveils Similar Strategy For AI-Powered Galaxy Smartphones</a>
How To Use The &#8216;Tasks&#8217; Feature
Step I: Select &#8220;GPT-4o with scheduled tasks&#8221; from the model picker.
Step II: Once selected, provide ChatGPT with a message specifying the task and its timing.
Scheduled tasks can be managed directly within the chat or through the &#8220;Tasks&#8221; section in the profile menu. ChatGPT may also suggest tasks based on user interactions, giving users the option to accept or decline as needed.
While scheduling tasks is supported across all platforms using natural language prompts, managing tasks is currently limited to the task manager on the web version. Notifications for scheduled tasks will be delivered via web, desktop, and mobile once set up.
Availability: The Tasks beta is being rolled out globally over the next few days, exclusive to premium users—including Plus, Team, and Pro subscribers. The rollout begins with web access.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The introduction of OpenAI&#8217;s &#8216;Tasks&#8217; feature comes at a time when major tech companies are intensifying their efforts in the AI-driven virtual assistant market.
For example, Apple also decided to <a href="https://www.benzinga.com/media/24/11/42129847/apple-prepares-to-take-on-openais-chatgpt-google-gemini-live-with-llm-siri-in-2025-report">incorporate its &#8220;Apple Intelligence&#8221;</a> into Siri, leveraging ChatGPT&#8217;s capabilities.
Amazon also previously said that it is upgrading Alexa with generative AI capabilities to stay competitive. Last year, Amazon CEO Andy Jassy revealed plans for a <a href="https://www.benzinga.com/markets/equities/24/11/42055771/amazons-ai-powered-alexa-upgrade-faces-latency-compatibility-concerns-report">new version of Alexa</a> that will autonomously perform tasks, expected to launch soon.
In 2023, Google Assistant, the personal assistant integrated into Android and iOS devices, was <a href="https://www.benzinga.com/news/23/10/35094259/google-unveils-assistant-with-bard-powered-by-generative-ai-for-android-ios">boosted with the capabilities</a> of Bard, now called Gemini.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/01/42900737/stephen-king-slams-elon-musks-h-1b-visa-stance-musk-thinks-smart-immigrants-can-stay-the-rest-of-you-washing-dishes-get-lost">Stephen King Slams Elon Musk's H-1B Visa Stance: ‘Musk Thinks Smart Immigrants Can Stay – The Rest of You Washing Dishes … Get Lost'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

AAPL

AMZN

GOOG

GOOGL

Siri, Alexa And Google Assistant May Become A Thing Of The Past Thanks To ChatGPT Tasks — Here's How To Use The New Feature

Bitwise&nbsp;Chief Investment Officer&nbsp;Matt Hougan argued on Tuesday that associating the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Treasury reserve strategy solely with MicroStrategy Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) would be inaccurate, as companies buying the apex cryptocurrency is now a &#8220;bona fide megatrend.&#8221;
What Happened: In a research note, Hougan stated that while the Michael Saylor-led firm walked away with most media attention, as many as 70 publicly traded companies and many private firms had Bitcoin on their balance sheets.
&#8220;I've come away thinking that this is a&nbsp;much&nbsp;bigger trend than most people realize. In fact, I think it's a bona fide megatrend,&#8221; Hougan added.
The analyst underlined that apart from cryptocurrency-focused firms like Coinbase and MARA Holdings, many non-cryptocurrency companies like Elon Musk&#8217;s Tesla have stacked Bitcoin on their books.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Companies other than MicroStrategy</td>
<td>Latest Bitcoin Acquisition</td>
</tr>
<tr>
<td>MARA Holdings</td>
<td>$1.53 billion on Dec. 19, 2024</td>
</tr>
<tr>
<td>KULR Technology Group</td>
<td>$21 million&nbsp;on Jan. 6</td>
</tr>
<tr>
<td>Riot Platforms</td>
<td>$510 million on Dec. 13, 2024</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bitcointreasuries.net/">BitcoinTreasuries.com</a>, MicroStrategy was the largest corporate holder with over $43 billion in Bitcoin, followed by MARA with $4.36 billion worth of the leading digital asset. Tesla held about $944 million in Bitcoin as of this writing.
Additionally, big private companies like SpaceX also boasted significant Bitcoin holdings, valued at over $800 million.
&#8220;That's significant. It means that, even today, MicroStrategy is less than 50% of the corporate BTC market. I suspect it'll be a small fraction of it eventually,&#8221; Hougan said.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936962/shytoshi-kusama-outlines-treat-tokens-usefulness-ahead-of-launch-optimistic-whales-buy-up-shiba-inu">Shytoshi Kusama Outlines TREAT Token&#8217;s Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu</a>
The reputational risks linked with Bitcoin have considerably lessened in recent months, particularly after Donald Trump&#8217;s victory, with top Washington officials <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962279/trump-could-sign-crypto-related-executive-orders-on-day-1-report">showing increased acceptance of cryptocurrency</a>, Hougan stated.
Moreover, the Financial Accounting Standards&nbsp;Board introduced a new rule in December, <a href="https://www.benzinga.com/24/12/42502213/new-crypto-accounting-standards-from-todaywill-it-boost-bitcoins-corporate-adoption">changing how Bitcoin&nbsp;is accounted for in GAAP&nbsp;reporting</a>.
Hougan said that these factors could eventually cause the number of firms buying Bitcoin to &#8220;explode&#8221; in the coming years.
Why It Matters: MicroStrategy has been aggressively issuing convertible debt and other fixed-income securities to buy Bitcoin in recent months and appears prepared to employ all corporate maneuvers at its disposal to <a href="https://www.benzinga.com/24/12/42665877/microstrategy-to-hold-special-shareholder-vote-to-support-the-42-billion-bitcoin-acquisition-strategy">bolster its 21/21 plan</a>.
However, the strategy was drawn a fair bit of criticism. 
Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, expressed concerns over MicroStrategy's debt-powered Bitcoin buying strategy. In an interview with&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42963353/michael-saylors-microstrategy-will-struggle-when-bitcoins-volatility-falls-says-arthur-hay">Benzinga</a>, Hayes predicted challenging times for the firm when the top cryptocurrency loses volatility.
Price Action: At the time of writing, Bitcoin was exchanging hands at $96,996.88, up 1.91% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of MicroStrategy rose 4.19% to 342.17 during Tuesday's regular session and were up 0,56% in pre-market trading.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
</ul>

$BTC

MSTR

Michael Saylor's MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: 'It's A Bona Fide Megatrend'

South Korean markets showed resilience Wednesday as President Yoon Suk Yeol was taken into custody, with the benchmark KOSPI rising 0.40% to 2,507.35 amid heightened political uncertainty.
Yoon, 64, was detained at 10:33 a.m. local time by a joint probe team investigating allegations related to his December martial law declaration, marking an unprecedented arrest of a sitting South Korean president. 
The arrest came after an initial failed attempt on Jan. 3 that resulted in a standoff between investigators and presidential security, <a href="https://www.koreaherald.com/article/10390439">reported</a> The Korean Herald.
Despite the political upheaval, major South Korean stocks held steady. SK Hynix Inc. led the gains, climbing 2.31% to 1,99,800 South Korean won ($136.90). Samsung Electronics Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) rose 0.37% to 54,100 South Korean won ($37.06), while KB Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KB#NYSE">KB</a>) gained 0.90%, reaching 89,500 South Korean won ($61.31). Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) saw a slight decline of 0.23%, trading at 2,21,500 South Korean won ($151.76). 
The iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>), a key indicator for U.S. investors, gained 0.94% on Tuesday.
The Korean won remained stable against the U.S. dollar, trading at 1,460.52 South Korean won, down marginally by 0.063%. 
The arrest warrant for President Yoon, which expires Jan. 21, includes charges of power abuse and insurrection. The investigation is led by the Corruption Investigation Office for High-ranking Officials.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42993322/elon-musk-faces-sec-lawsuit-for-allegedly-hiding-twitter-stake-allowing-him-to-buy-shares-at-artificially-low-prices">Elon Musk Sued By SEC For Allegedly Hiding Twitter Stake That Allowed Him To Buy Stock At Artificially Low Prices</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

SSNLF

South Korean President Yoon Suk Yeol Arrested — KOSPI Edges Higher Despite Political Upheaval, Won Stable

Jim Cramer is steering investors toward quantum computing stocks while expressing concerns about Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) amid its auditor changes.
What Happened: The CNBC&#8217;s &#8220;Mad Money&#8221; host announced on X on Tuesday his strategy to reinvest gains from GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) into quantum computing stocks, particularly as Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) saw extraordinary trading volume of 352 million shares against its 280 million outstanding shares. &#8220;They are trying so hard to walk it up now,&#8221; Cramer 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">Love it when RGTI, with 280 million shares trades 352 million shares&#8230; And they are trying so hard to walk it up now!!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1879304699603820876?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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">Taking Gamestop winnings and piling them into quantum. Why not!!!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1879286856736776618?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Rigetti&#8217;s stock surged 47.93% to close at $8.95, rebounding from last week&#8217;s sector-wide selloff triggered by cautionary comments from tech leaders. The quantum computing sector, including IonQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) and D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), showed strong recovery despite recent skepticism from industry giants.
<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">Very typical quantum bounce giving you another exit point
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1879282361436971205?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This recovery comes after Nvidia Corp. CEO Jensen Huang&#8216;s assessment that practical quantum computing applications might be 15-30 years away, with 20 years being the most likely timeline. Meta Platforms CEO Mark Zuckerberg <a href="https://www.benzinga.com/markets/equities/25/01/42939766/quantum-computing-stocks-tumble-after-mark-zuckerberg-backs-nvidia-ceo-jensen-huangs-practical-c">echoed similar sentiments</a> about the technology&#8217;s current limitations.
Meanwhile, Cramer took a decisive stance against Super Micro Computer, stating <a href="https://www.cnbc.com/2025/01/14/cramers-lightning-round-super-micro-computer-is-a-sell.html">on</a> CNBC, &#8220;Sell. It doesn&#8217;t matter, I don&#8217;t care&#8230;Accounting irregularities equal sell.&#8221; 
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42988617/jpmorgan-vs-wells-fargo-1-stock-technically-stronger-ahead-of-earnings">JPMorgan Vs. Wells Fargo: 1 Bank Stock Technically Stronger Ahead Of Earnings</a>
Why It Matters: Cramer&#8217;s comments follow SMCI&#8217;s recent auditor switch after Ernst &amp; Young&#8216;s unexpected departure in December. The company, known for its partnership with Nvidia, had been facing potential Nasdaq delisting risks due to delayed financial filings before securing a new auditor.
The market reflected these developments with GameStop shares falling 10.15% to $27.88, while Super Micro Computer declined 1.77% to close at $30.53.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/01/42986605/exclusive-energy-semiconductors-could-dominate-portfolios-in-2025-says-direxion-ceo">EXCLUSIVE: Energy, Semiconductors Could Dominate Portfolios In 2025, Says Direxion CEO</a></li>
</ul>
Image made via AI on MidJourney
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

IONQ

NVDA

QBTS

RGTI

SMCI

Jim Cramer Eyes Quantum Computing Stocks Like Rigetti, Warns Against Super Micro Computer: 'They Are Trying So Hard To Walk It Up Now'

On Tuesday, the U.S. Securities and Exchange Commission initiated a lawsuit against Elon Musk, accusing him of failing to disclose his substantial stake in Twitter, now rebranded as X.
What Happened: The lawsuit outlines that before Musk completed his <a href="https://www.benzinga.com/general/education/25/01/42794433/if-you-invested-1000-in-dogecoin-when-elon-musk-acquired-twitter-heres-how-much-youd-have-now">$44 million acquisition of Twitter</a> in October 2022, he had already started amassing a significant number of shares.
By March 2022, Musk had acquired over 5% of Twitter&#8217;s common stock, a threshold that required disclosure to the SEC within 10 days.
This alleged non-disclosure allowed Musk to acquire shares at &#8220;artificially low prices,&#8221; according to the SEC.
The complaint, lodged in a federal court in Washington, D.C., accuses Musk and his wealth manager of withholding this crucial information to avoid a potential surge in Twitter&#8217;s stock price.
See Also: <a href="https://www.benzinga.com/25/01/42931833/hewlett-packard-enterprise-strikes-1b-ai-server-deal-with-elon-musks-x-report">Elon Musk&#8217;s X, Hewlett Packard Strike $1 Billion AI Server Deal: Report</a>
This alleged omission enabled Musk to underpay Twitter investors by more than $150 million for his stock purchases during this period.
According to the lawsuit, Musk increased his stake to 7% by purchasing nearly 3.5 million shares on March 25, 2022.
He later joined Twitter&#8217;s board and formally disclosed his stake in early April 2022, by which time he owned over 9% of the company, causing Twitter&#8217;s stock price to rise by more than 27%.
Why It Matters: Last month, <a href="https://www.benzinga.com/government/regulations/24/12/42487993/elon-musk-faces-deadline-to-settle-with-sec-over-twitter-buyout-lawyer-alleges-years-of-harassment">Musk faced a deadline</a> to settle with the SEC over his Twitter buyout, with his lawyer alleging &#8220;years of harassment&#8221; by the agency. The inquiry focused on Musk&#8217;s sale of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares and his growing investment in Twitter before announcing a leveraged buyout of the social media platform in 2022.
In October 2024, the SEC rejected Musk&#8217;s offer to pay $2,923 for <a href="https://www.benzinga.com/news/24/10/41559160/elon-musks-2-9k-offer-rejected-by-sec-agency-requests-judge-to-sanction-billionaire-over-missed-depo">missing a deposition</a> related to his 2022 Twitter purchase, seeking sanctions against him instead.
Musk and Vivek Ramaswamy, co-leading the &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42035165/coinbase-ceo-brian-armstrong-says-doge-department-is-a-once-in-a-lifetime-opprtunity-advocates-abolishing-individual-income-tax">Department of Government Efficiency</a>&#8221; in Donald Trump's administration, have previously criticized the SEC, labeling it as a &#8220;weaponized institution.&#8221;&nbsp;Their statement came following the Fifth Circuit Court decision that the <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42469967/elon-musk-vivek-ramaswamy-slam-sec-just-another-weaponized-institution">SEC exceeded its authority</a> by approving Nasdaq&#8217;s diversity quota policy.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/01/42833727/dana-white-wanted-elon-musk-mark-zuckerberg-in-cage-fight-now-hes-on-metas-board-of-directors">Dana White Wanted Elon Musk, Mark Zuckerberg In Cage Fight, Now He&#8217;s On Meta&#8217;s Board Of Directors</a></li>
</ul>
Image via Shutterstock
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Legal

Elon Musk Sued By SEC For Allegedly Hiding Twitter Stake That Allowed Him To Buy Stock At Artificially Low Prices

Yamaha Motor

Comments

(YAMHY) Forecast

(YAMHY) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga