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Qilian Intl Hldg Gr

BGM Group Ltd is a biopharmaceuticals, bio-extraction, and medical health business. Its product range includes oxytetracycline APIs, licorice preparations, and crude heparin sodium. Maximum revenue is from Oxytetracycline & Licorice and TCMD, followed by Heparin products and Sausage casing.

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Las acciones en EE. UU. suben a mitad de jornada, lideradas por un crecimiento en energía. El Dow sube 200 pts y el petróleo repunta.

Wall Street en alza: Dow sube 200 puntos mientras el petróleo y el oro se mantienen firmes

BGM Group Ltd

BG Medicine Inc

BERGAMO AQUISITION CORP by Bergamo Acquisition Corp.

<a href="https://www.bloomberg.com/news/articles/2025-03-20/apple-vision-pro-chief-mike-rockwell-named-siri-head-giannandrea-keeps-ai-role" title="https://www.bloomberg.com/news/articles/2025-03-20/apple-vision-pro-chief-mike-rockwell-named-siri-head-giannandrea-keeps-ai-role">https://www.bloomberg.com/news/articles/2025-03-20/apple-vision-pro-chief-mike-rockwell-named-siri-head-giannandrea-keeps-ai-role</a>

Management

AAPL

'Apple Shakes Up AI Executive Ranks in Bid to Turn Around Siri; Apple Vision Pro Chief Mike Rockwell Will Take Over Siri, Which Is Being Removed From AI Chief John Giannandrea' - Bloomberg News

Announcement timed to today's second annual Future of News UK summit and the release of research fielded among 500+ EMEA CEOs and Board Directors
89% of EMEA CEOs and Board Directors follow the news closely, reading an average of five articles per day
LONDON, March 20, 2025 /PRNewswire/ -- Today, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4387682-1&amp;h=3587847686&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4343394-1%26h%3D1701609887%26u%3Dhttps%253A%252F%252Fwww.stagwellglobal.com%252F%26a%3DStagwell&amp;a=Stagwell">Stagwell</a>&nbsp;(NASDAQ:&nbsp;STGW) announced its commitment to increase 2025 ad spend in news by 22% year-over-year. This announcement is timed to Stagwell's second annual Future of News UK summit and the release of new data revealing EMEA CEOs and Board Directors view news as a powerful medium to reach key stakeholders.

STGW

Stagwell To Increase 2025 Ad Spend In News By 22% YoY

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Thursday.
The Dow traded up 0.63% to 42,230.78 while the NASDAQ climbed 0.81% to 17,894.89. The S&amp;P 500 also rose, gaining, 0.61% to 5,710.13.
Check This Out: <a href="https://www.benzinga.com/25/03/44414809/tesla-to-450-here-are-10-top-analyst-forecasts-for-thursday">Tesla To $450? Here Are 10 Top Analyst Forecasts For Thursday</a>
Leading and Lagging Sectors Communication services shares rose by 1.4% on Thursday.
In trading on Thursday, consumer staples shares fell by 0.1%.
Top Headline
U.S. initial jobless claims increased by 2,000 to 223,000 during the second week of March, compared to market estimates of 224,000.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>ProAssurance Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) shares shot up 48% to $22.99 after the company announced it will be acquired by The Doctors Company for $25.00 per share in cash.</li>
<li>Shares of Windtree Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WINT#NASDAQ">WINT</a>)got a boost, surging 71% to $2.8950 after the company entered a license and supply agreement to become a sourcing partner for Evofem Biosciences for Evofem&#8217;s PHEXXI.</li>
<li>OptiNose, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTN#NASDAQ">OPTN</a>) shares were also up, gaining 55% to $9.28 after Paratek Pharmaceuticals announced it will acquire the company in a deal worth $330 million.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Elevation Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELEV#NASDAQ">ELEV</a>) shares dropped 41% to $0.2798 after the company announced the discontinued development of EO-3021.</li>
<li>Shares of Benson Hill, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHIL#NASDAQ">BHIL</a>) were down 42% to $0.3755 after the company filed for Chapter 11 bankruptcy.</li>
<li>Akebia Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKBA#NASDAQ">AKBA</a>) was down, falling 30% to $1.9950 after the company announced the pricing of a $50 million offering of 25 million common shares at $2/share.</li>
</ul>
Commodities In commodity news, oil traded up 1.3% to $68.00 while gold traded up 0.1% at $3,044.60.
Silver traded down 0.6% to $34.015 on Thursday, while copper fell 0.1% to $5.0930.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.47%, Germany's DAX 40 fell 1.43% and France's CAC 40 fell 0.86%. Spain's IBEX 35 Index fell 0.97%, while London's FTSE 100 slipped 0.15%.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with China's Shanghai Composite Index falling 0.51%, Hong Kong's Hang Seng Index dipped 2.23% and India's BSE Sensex gaining 1.19%.
Economics
<ul>
<li>U.S. existing home sales increased by 4.2% from the previous month to an annualized rate of 4.26 million homes in February.</li>
<li>The U.S. current account deficit shrank by 2.0% to $303.9 billion in the fourth quarter, versus a revised deficit of $310.3 billion in the third quarter.</li>
<li>U.S. initial jobless claims increased by 2,000 to 223,000 during the second week of March, compared to market estimates of 224,000.</li>
<li>The Philadelphia Fed Manufacturing Index fell to 12.5 in March from 18.1 in the previous month, versus market estimates of 8.5.</li>
<li>U.S. natural gas stocks increased 9 billion cubic feet in the week ending March 14, compared to market estimates of a 3 billion cubic feet gain.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/25/03/44415297/how-to-earn-500-a-month-from-micron-technology-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Micron Technology Stock Ahead Of Q2 Earnings</a></li>
</ul>

AKBA

BHIL

ELEV

OPTN

WINT

Crude Oil Gains Over 1%; US Weekly Jobless Claims Increase

Looking into the current session, argenx Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) shares are trading at $614.18, after a 0.93% drop. Over the past month, the stock decreased by 4.88%, but over the past year, it actually increased by 52.95%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2025/1742486423_0.png" alt="Past Year Chart" />

<h3>Comparing argenx P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
argenx has a lower P/E than the aggregate P/E of 77.7 of the Biotechnology industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1742486423_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

ARGX

P/E Ratio Insights for argenx

Datadog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) has outperformed the market over the past 5 years by 6.26% on an annualized basis producing an average annual return of 24.8%. Currently, Datadog has a market capitalization of $35.79 billion. 
Buying $100 In DDOG: If an investor had bought $100 of DDOG stock 5 years ago, it would be worth $317.39 today based on a price of $104.42 for DDOG at the time of writing.
<h3>Datadog's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742486411_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DDOG

Here's How Much $100 Invested In Datadog 5 Years Ago Would Be Worth Today

Short seller The Bear Cave has taken a swipe at Ibotta Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NYSE">IBTA</a>) in a new report highlighting slowing growth and <a href="https://www.benzinga.com/trading-ideas/short-ideas/25/03/44380607/short-seller-says-hesai-group-stock-is-a-chinese-scam">collapsing customer and employee relationships</a>.
What Happened: The Bear Cave released a new short report on Ibotta on Thursday, alleging the digital couponing company is a &#8220;broken business&#8221; that is likely headed lower. 
&#8220;Since going public, the company's growth has consistently missed expectations and The Bear Cave's review of online commentary finds waning consumer support, severe employee dissatisfaction, concerns of strained partner relationships, and allegations of fraud,&#8221; the short seller said.
A representative for Ibotta declined to comment on the short report. 
Ibotta set an IPO price of $88 per share and first opened for trading at $117 when it made its public debut on the New York Stock Exchange in April 2024. Shares have trended lower ever since the company arrived on public markets and were last down more than 35% year-to-date, hovering around $41, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
As reported by The Bear Cave, Ibotta reported 43% revenue growth in the first quarter of 2024, 14% revenue growth in the second quarter, 16% growth in the third quarter and negative 1% growth in the fourth quarter. The company also guided for approximately flat growth in the first quarter of 2025. 
Check This Out: <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44418891/us-home-sales-jump-in-february-median-price-nears-400000-next-big-move-could-shock-everyone-analysts-say#google_vignette">US Home Sales Jump In February, Median Price Nears $400,000: &#8216;Next Big Move Could Shock Everyone,&#8217; Analysts Say</a>
The short seller highlighted complaints from customers and former employees on Glassdoor. Some of the complaints allege failed leadership by founder and CEO Bryan Leach. Others suggest that the company has troubled customer relationships and has even asked employees to &#8220;stretch the truth&#8221; in client-facing roles.
Looking into customer reviews and complaints submitted to the Better Business Bureau, The Bear Cave found that many users claim that it&#8217;s easy to create an account, add coupons and get virtual cash back, but it&#8217;s difficult to actually withdraw money into bank accounts. The short seller pointed to reviews indicating that Ibotta has closed accounts instead of paying earned cash to customers. 
Lastly, The Bear Cave noted that CFO Sunit Patel <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001538379/000162828025012726/ibta-20250312.htm">resigned</a> from his role at the company to pursue another opportunity last week. He was replaced by the company&#8217;s audit committee chair on an interim basis. 
&#8220;With executives and employees leaving, revenue stalling, and shoppers complaining, investors may wonder if the future needs Ibotta,&#8221; the short seller said.
IBTA Price Action: <a href="http://benzinga.com/quote/ibta">Ibotta shares</a> were down 0.4% at $40.56 at the time of publication Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: Shutterstock.

Short Sellers

Short Ideas

IBTA

Short Seller Says Ibotta Is A 'Broken Business' Bound For Lower Share Prices

Shares of Carvana Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) were <a href="https://www.benzinga.com/quote/cvna">climbing in early trading on Thursday</a>.
<ul>
<li>Piper Sandler <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2043eaaa0001698f4a/alexander-potter">analyst Alexander Potter</a> upgraded the rating from Neutral to Overweight, while keeping the price target unchanged at $225.</li>
<li>BofA Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d94a96b85e930001fd9dd6/justin-post">analyst Justin Post</a> reaffirmed a Buy rating and price target of $220.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Piper Sandler: Carvana is better insulated from tariff risks than other companies, Potter said in the upgrade note. While used car sales are impacted by macro uncertainty, the company "can grow aggressively, even if the used car market weakens," he added.
The company's retail unit sales could rise from 416,000 in 2024 to eventually exceed 3 million, the analyst stated. "We would use the recent sell-off to accumulate CVNA shares," he further wrote.
BofA Securities: Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is preparing to enter the used-cars space. Amazon Auto's General Manager Fan Jin said in a podcast earlier this week that the offering would "accommodate trade ins" through an in-person experience rather than entirely online like Carvana, Post said. The move would benefit the entire online auto sector, including Carvana, he added.
This does not represent any direct competition for Carvana, as Amazon Auto's selection is limited to Hyundais, the analyst stated. Third-party listings only and lack of vertical integration "leads to inconsistent UX," he further wrote.
Price Action: Shares of Carvana had risen by 9.04% to $192.00.67 at the time of publication on Thursday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43856704/carvana-stock-has-significant-value-creation-ahead-analysts-predict-market-share-gains">Carvana Stock Has &#8216;Significant Value Creation&#8217; Ahead: Analysts Predict Market Share Gains</a></li>
</ul>
Image: Shutterstock

Analyst Color

Upgrades

Reiteration

Analyst Ratings

Movers

AMZN

CVNA

Carvana 'Can Grow Aggressively,' Newcomer Amazon Auto Limited To Just One Brand: Analyst

HC Wainwright &amp; Co. analyst Edward White reiterates Avalo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVTX#NASDAQ">AVTX</a>) from Neutral to Neutral.

AVTX

HC Wainwright & Co. Reiterates Neutral on Avalo Therapeuticsto Neutral

Investing in <a href="https://www.benzinga.com/personal-finance/25/03/44376666/high-yield-dividend-investor-making-12900-per-year-names-10-favorite-stocks-took-me-almost-3-years-to-get-to-this-point">stocks</a> and funds is one of the most powerful ways to build <a href="https://www.benzinga.com/personal-finance/25/01/42773692/i-dont-want-you-to-invest-like-im-young-mark-cuban-reveals-how-he-protected-his-wealth-after-selling-his-first-company">wealth</a> over time, but choosing the right assets and strategy can be overwhelming, especially if you&#8217;re dealing with a large sum of money.
While some investors prefer high-risk, high-reward plays, others swear by the reliability of long-term holding. Besides individual stocks, ETFs have become a popular option for investors looking for long-term stability, thanks to their diversification, low costs, and ease of access.
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<li>Many don&#8217;t know there are tax benefits when buying a unit as an investment —<a href="https://www.benzinga.com/money/casa-shares"> Here&#8217;s how to invest in real estate by mirroring BlackRock's big move</a></li>
</ul>
With $250,000 to invest and confused about which assets to buy, one Reddit user turned to the online discussion board to seek advice. The Redditor has no immediate need of that money, no wife, no kids, and a full-time job that leaves him with little time to dive deep into investment research.
His main goal is to maximize the returns in five to seven years but he&#8217;s unsure about the best approach to deploy his funds.
&#8220;I&#8217;ve also spoken with a few financial advisors and just wanted to get varying points of view. I don&#8217;t need this cash for 5-7 years. So maximum return on that timeframe I suppose?&#8221; he wrote.
The poster has mentioned a preliminary plan, which includes monthly investments into individual stocks and ETFs, such as NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>, GOOG)), Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>), Schwab U.S. Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>), and even cryptocurrencies like Bitcoin and Ethereum.
He&#8217;s also considering dollar-cost averaging around $12,000 monthly over the next 12 months, but isn&#8217;t sure about the best investment interval and whether his current allocation is too broad or too concentrated.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
Reddit has offered plenty of suggestions in the comments, so let&#8217;s dive into those.
<h2 class="wp-block-heading">No Wife, No Kids, $250,000 to Invest and Little Time to Study Investing – Reddit Advises the Poster</h2>
Lump Sum Vs. Dollar-Cost Averaging
The thread has seen a debate between some users recommending investing the whole sum and those suggesting dollar-cost averaging. Some even suggested a hybrid approach.
&#8220;You can put half in now and then the rest over 6-12 months. A good compromise between lump sum and dollar-cost averaging,&#8221; a comment says.
A commenter mentioned the fact that he asked the same question about dollar-cost averaging vs. lump sum in another community on Reddit, and users have suggested he invests all the money at once.
&#8220;I asked this very question in the investing sub a week ago. Decided to hold off and, oh boy, am I glad I did. I&#8217;ll probably wait another week and reassess. By the way, in the other thread, people were posting stats about how you&#8217;re better off just putting everything in at once over [dollar-cost averaging]. A two in three chances you&#8217;ll be better off,&#8221; he said.
On the other hand, this Redditor advised the poster to ignore those suggesting him to go all in.
&#8220;Please. Ignore the lump sum advocates. Historically, it works out well 66% of the time. But that might not be in this time of unprecedented government incompetence and maliciousness,&#8221; the user wrote.
&#8220;[Dollar-cost averaging] is perfectly acceptable and "not timing the market" is not 100% foolproof. If Joseph Kennedy took your advice in 1929, there would be no Kennedy fortune, but because he was inspired to sell right before the crash, they preserved their wealth,&#8221; another comment reads.
See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
Balance Your Portfolio
The poster&#8217;s initial plan included allocations to a mix of ETFs, individual stocks, and cryptocurrency, and Redditors had diverse opinions on whether this type of diversification is a good approach.
&#8220;If I were entering the market now, I would go for a balanced exposure with some bonds in the mix (60/40 or 70/30 if you can really stomach the risk over 5 years), and avoid any single market concentration. The bond component of your portfolio would not be there to raise any potential returns (it likely won&#8217;t) but rather to minimize volatility over the 5-7 year period you indicated,&#8221; a commenter suggested.
&#8220;Don't put it all in VOO. Diversify,&#8221; another Redditor advised.
A comment pointed out that diversification should expand beyond equities and should include assets that offer a broader market exposure.
&#8220;Diversification should go beyond equities. Consider some other asset types to give you broader exposure. You can also weigh your contributions, they can vary based on metrics of your choosing,&#8221; the comment says.
&#8220;All in on stocks during the start of a trade war/recession/depression is moronic. [SPDR Gold Shares (NYSE: GLD] and Bitcoin/[iShares Bitcoin Trust ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibit#NYSE">IBIT</a>)] are your friends for diversifying,&#8221; another diversification suggestion reads.
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<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
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Personal Finance

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IBIT

MSFT

NVDA

SCHD

No Wife, No Kids, $250K To Invest—'I Don't Need This Cash For 5-7 Years'—Reddit Battles Over The Best Long-Term Stock And ETF Strategy

Ben Affleck may be an A-list actor with a $150 million net worth, but when it comes to parenting, he's not handing out luxury sneakers like party favors. His son, Samuel, recently learned this firsthand after eyeing a pair of Dior Air Jordan 1s—which sell for anywhere between $6,000 and $25,000—only to be met with a dose of financial reality.
<h2 class="wp-block-heading">‘That's a Lot of Lawns to Mow'—Affleck's Hilarious Lesson in Earning Money</h2>
According to <a href="https://www.businessinsider.com/ben-affleck-personal-finance-wealth-children-parenting-inheritance-money-privilege-2025-3">Business Insider</a>, Affleck and his 13-year-old son were attending the Got Sole sneaker convention earlier this month, browsing high-end sneakers when Samuel set his sights on the pricey Dior Jordans.
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Affleck, who clearly wasn't about to drop thousands on sneakers for a teenager, called him out on his taste:
"You like those because they're expensive," he quipped.
Samuel protested, but Affleck wasn't buying it—literally or figuratively. His comeback?
"That's a lot of lawns you gotta mow there."
Translation: If Samuel wanted those sneakers, he'd better start hustling for them.
<h2 class="wp-block-heading">Affleck Doubles Down on the Lesson With Access Hollywood</h2>
The moment quickly went viral, and <a href="https://www.youtube.com/watch?v=hw-_hiS8e8c">Access Hollywood </a>caught up with Affleck on March 8 at the South by Southwest premiere of his new movie, "The Accountant 2." They asked the million-dollar question:
"So, did your son ever mow the yard for those sneakers?"
Affleck's response was classic:
"That's what happens when you tell a motherf—er they have to mow a lawn. All of a sudden, they don't want those shoes."
He went on to break down the conversation further:
"He's like, ‘We have the money.' I'm like, ‘I have the money. You're broke!'"
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">Shaq Takes a Similar Approach—‘We Ain't Rich. I'm Rich.'</h2>
Affleck's parenting philosophy aligns with NBA legend Shaquille O'Neal, who has made it clear that his massive wealth isn't automatically his kids' money. Shaq famously tells them: <a href="https://www.benzinga.com/personal-finance/24/09/40943843/we-aint-rich-im-rich-nba-legend-shaq-says-his-daughters-and-sons-dont-get-equal-treatment-my-boy">"We ain't rich. I'm rich."</a>
O'Neal has a strict rule—his kids need to earn their way, just like he did. They're required to get at least two degrees before they receive any major financial support, and if they want to start a business, they have to pitch it like an investor meeting.
It's a no-handouts mentality that celebrities like Affleck and Shaq are pushing—teaching their kids the value of money, hard work, and not assuming they can just spend their parents' fortune.
<h2 class="wp-block-heading">No Dior Jordans, No Problem</h2>
Samuel may not have walked away with those $6,000 sneakers, but he did leave the sneaker convention with something arguably more valuable—a reality check on money and privilege.
And while Affleck may be one of Hollywood's biggest stars, at home, he's just a dad making sure his kid doesn't confuse "dad's money" with "his money."
Read Next:
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Ben Affleck's Teen Son Wanted $6,000 Jordan 1s, Dad Said: 'You're Broke, That's a Lot of Lawns to Mow' —Suddenly, He Didn't Want Them Anymore

&#8220;Shark Tank&#8221; investor Kevin O'Leary believes that economic opportunity will always win out and that people will move past today's political turbulence once they see the benefits ahead. In a recent social media post, O'Leary argued that voters ultimately care about their families, personal wealth, retirement, and security, <a href="https://www.youtube.com/watch?v=nRmop3TSJ48">saying</a>, "People will forget this period very quickly when they see the opportunity that's there."
<h2 class="wp-block-heading">Economic Policy Over Politics</h2>
O'Leary has consistently praised President Donald Trump's pro-business policies, even while acknowledging that not everyone supports him personally. "You can still hate Trump, but <a href="https://www.benzinga.com/news/24/12/42675034/kevin-oleary-says-you-can-hate-trump-but-youve-got-to-love-his-policies-they-will-bring-jobs">you&#8217;ve got to love his policies</a> because that will bring jobs to these states," he said in December. He sees Trump's approach to infrastructure and energy projects as key to attracting investment and spurring economic growth.
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A major part of Trump's economic strategy is cutting regulatory hurdles, which O'Leary sees as crucial. "If he can deliver that, it&#8217;s going to bring capital back to the United States," he said, pointing to permitting delays as a significant obstacle for business expansion.
<h2 class="wp-block-heading">Tariffs and Trade Tensions</h2>
Despite his support for Trump's economic policies, O'Leary raised concerns in February about the president's proposed tariffs on Canada and Mexico. He believes Canada's former leadership <a href="https://www.benzinga.com/startups/25/02/43729940/trumps-tariffs-could-raise-taxes-by-1-trillion-kevin-oleary-calls-it-the-beginning-of-a-negotiation">mismanaged trade negotiations with Trump</a>, leaving the country vulnerable. Canada retaliated to U.S. tariffs with $107 billion in tariffs on U.S. goods, escalating tensions.&nbsp;
<h2 class="wp-block-heading">Trump's Unwavering Approach</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The economy drives everything at the end of the day. Economic opportunity always wins, all of the time. People will forget this period very quickly when they see the opportunity that&#39;s there because at the end of the day, voters worry about their families, their personal wealth,… <a href="https://t.co/H0CLUXN82h">pic.twitter.com/H0CLUXN82h</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1900640730386993366?ref_src=twsrc%5Etfw">March 14, 2025</a></blockquote>
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Through all of this, O'Leary maintains that Trump is not going to change. "Everyone will forget about this noise, and Trump is not changing. Never gonna change," he said, emphasizing that the key issue is economic policy, not personality.&nbsp;
He has even suggested an economic union between the U.S. and Canada to eliminate tariffs altogether, arguing that it would strengthen both economies. However, there are trade agreements already in place and with Trump&#8217;s continued <a href="https://www.benzinga.com/25/02/43582659/trump-says-canada-much-better-off-being-the-51st-state-the-border-with-us-is-just-a-line">referring to Canada</a> as the 51st state, it seems all <a href="https://www.benzinga.com/news/25/02/43543459/i-love-canada-more-than-i-love-spotify-canadians-are-canceling-netflix-amazon-disney-and-spotify-en-masse-despite-the-tariff-pause">goodwill has been spent</a> north of the U.S. border.&nbsp;
As Trump pushes forward with his policies, O'Leary believes the focus will ultimately return to economic results. "At the end of the day, voters worry about their families, their personal wealth, their retirement, the opportunity ahead of them, and security," he said. Whether or not Trump's policies deliver on those promises could be the deciding factor in how history remembers this moment.
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Kevin O'Leary Says Trump Will 'Never Change'—Claims People Will Quickly Forget This Period When They See The Opportunity Ahead

Vice President JD Vance dismissed protesters outside a manufacturing plant in Michigan, questioning why they weren't working instead of demonstrating against potential Social Security cuts.&nbsp;
<h2 class="wp-block-heading">Vance&#8217;s Remarks on Protesters</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JD Vance attacks elderly retired Americans at his event who are asking him to stop trying to cut Social Security: "Don't you all have jobs?" <a href="https://t.co/lvf8PN058Y">pic.twitter.com/lvf8PN058Y</a>
&mdash; FactPost (@factpostnews) <a href="https://twitter.com/factpostnews/status/1900636097652158839?ref_src=twsrc%5Etfw">March 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Speaking at Vantage Plastics in Bay City, Michigan last week, Vance took a jab at the demonstrators who gathered outside with signs opposing cuts to Social Security, Medicare, and Medicaid. "I&#8217;m sure all of us saw there were a few protesters outside," he said. "And I can&#8217;t be the only person wondering, you know, it&#8217;s a little afternoon on a Friday, and don&#8217;t you all have jobs?"
The protesters also held signs criticizing Elon Musk and his Department of Government Efficiency, which has advocated for reducing Social Security spending.&nbsp;
Vance tied his criticism of the protesters to his broader support for American manufacturing. "We want those people to get off the streets and back to work. It&#8217;d be good for them, and it&#8217;d be good for everybody else, too," he added.
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<h2 class="wp-block-heading">Tariff Policy Sparks Economic Debate</h2>
Vance's remarks came as President Donald Trump faces growing backlash over newly imposed tariffs on Canada, China, and Mexico. The administration announced but quickly <a href="https://www.benzinga.com/25/03/44267277/trump-scraps-50-tariff-hike-on-canadian-steel-aluminum-after-ontario-backs-down">backed out</a> of imposing 50% tariffs on imported steel and aluminum from Canada.&nbsp;
At the event, Vance defended the policy, insisting it would protect American jobs. "If you invest in America, in American jobs, in American workers, in American businesses, you're going to be rewarded," he said. "But if you try to undercut us and build outside of our borders, then President Trump's administration has got nothing for you."
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<h2 class="wp-block-heading">Confrontations Over Ukraine Protests</h2>
Vance has faced backlash over his and Trump's <a href="https://www.benzinga.com/news/global/25/02/44053592/white-house-meeting-turns-tense-as-trump-warns-zelenskyy-youre-gambling-with-world-war-iii">treatment of Ukrainian President</a> Volodymyr Zelensky during a Feb. 28 Oval Office meeting. Trump told Zelensky to "make a deal with Russia or we are out," while Vance accused him of being disrespectful to the U.S.
In response, pro-Ukraine protests have followed Vance across the country. Over the following weekend, <a href="https://www.benzinga.com/news/25/03/44211191/vp-vance-slams-pro-ukraine-protesters-for-confronting-him-with-his-daughter-chasing-a-three-year-old-for-politics">demonstrators gathered near his home</a> in Cincinnati, carrying signs that read, "JD Vance: Ukraine&#8217;s kids are way more scared than yours" and "Ohio supports Ukraine." Vance later claimed the protesters followed him while he was walking with his three-year-old daughter. "If you're chasing a 3-year-old as part of a political protest, you're a shit person," he <a href="https://x.com/JDVance/status/1898471709662916636">wrote</a> on X.
His travels have also been met with opposition. During a recent ski trip to Vermont, pro-Ukraine demonstrators lined the roads in Waitsfield, prompting his family to change their plans and relocate to an undisclosed location. Vermont Gov. Phil Scott urged people to remain respectful, acknowledging political differences but emphasizing that Vance was visiting with his young children.
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JD Vance Mocks People Protesting Social Security Cuts—'Don't You All Have Jobs?'

Lamar Advertising Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAMR#NASDAQ">LAMR</a>) operates as an outdoor advertising company in the U.S. and Canada.
It is set to report its Q1 2025 earnings on May 1. Wall Street analysts expect the company to post EPS of $1.09, up from $0.76 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $539.19 million, up from $498.15 million a year earlier.
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<h2 class="wp-block-heading">If You Bought Lamar Advertising Stock 10 Years Ago</h2>
The company's stock traded at approximately $59.06 per share 10 years ago. If you had invested $10,000, you could have bought roughly 169 shares. Currently, shares trade at $113.57, meaning your investment's value could have grown to $19,230 from stock price appreciation alone. However, Lamar Advertising also paid dividends during these 10 years.&nbsp;
Lamar Advertising's dividend yield is currently 5.46%. Over the last 10 years, it has paid about $40.28 in dividends per share, which means you could have made $6,820 from dividends alone.&nbsp;
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Summing up $19,230 and $6,820, we end up with the final value of your investment, which is $26,050. This is how much you could have made if you had invested $10,000 in Lamar Advertising stock 10 years ago. This means a total return of 160.5%. However, this figure is significantly less than the S&amp;P 500 total return for the same period, which was 223.6%.
<h2 class="wp-block-heading">What Could The Next 10 Years Bring?&nbsp;</h2>
Lamar Advertising has a consensus rating of "Neutral" and a price target of $132.33 based on the ratings of six analysts. The price target implies more than 16% potential upside from the current stock price.
On Feb. 20, the company announced its Q4 2024 earnings, posting revenues of $579.567 million, missing the consensus estimate of $583.190 million, as reported by <a href="https://www.benzinga.com/news/earnings/25/02/43842427/lamar-advertising-q4-sales-579-567m-miss-583-190m-estimate">Benzinga</a>.
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&#8220;Our revenue growth accelerated in the fourth quarter, aided by strength in political, local and programmatic. This allowed us to deliver full-year AFFO of $7.99 per share, above the top end of our revised guidance range,&#8221; said CEO Sean Reilly. &#8220;For 2025, we anticipate further growth in diluted AFFO, to a range of $8.13 to $8.28 per share.&#8221;
Given the expected upside potential, growth-focused investors may find Lamar Advertising stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 5.46%.
Check out this <a href="https://www.benzinga.com/personal-finance/25/03/44368551/how-open-text-regency-centers-and-delek-logistics-can-put-cash-in-your-pocket">article by Benzinga</a> for three more stocks offering high dividend yields.&nbsp;
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LAMR

If You Invested $10K In Lamar Advertising Stock 10 Years Ago, How Much Would You Have Now?

Elon Musk&#8217;s father, Errol Musk, recently opened up about his billionaire son&#8217;s privileged upbringing, emphasizing that Elon and his siblings grew up with luxuries far beyond the reach of most children.
<h2 class="wp-block-heading">Raised in Luxury</h2>
During an <a href="https://www.youtube.com/watch?v=J5WyTw0oXDs">interview</a> with Vlad TV, Errol Musk detailed how his children, including Elon and Kimbal Musk, lived an extraordinary lifestyle from a young age.
&#8220;They only rode in Rolls-Royce cars,&#8221; Errol said, explaining that by the time Elon was seven or eight years old, the family had moved beyond Mercedes-Benz vehicles to Rolls-Royces.
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Beyond luxury cars, private twin-engine airplanes were also a standard mode of transport for the Musk children. &#8220;If you wanted to go somewhere, you got into a twin-engined airplane that belonged to you, and you flew there. Then you landed on your airstrip, and you went to your Lodge,&#8221; Errol added.
In addition to traveling in style, Elon and his siblings vacationed in Europe and learned to ski as young children. &#8220;They weren&#8217;t like other kids. They learned to ski in Europe when they were still 10 or under 10 years of age,&#8221; he said.
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<h2 class="wp-block-heading">&#8216;Hardship Was When the Hilton Ran Out of Fillet Steak&#8217;</h2>
Errol contrasted his children&#8217;s privileged lifestyle with his own upbringing, saying he never had a bed of his own until he was 10 years old. However, by the time he became successful, he ensured his children never faced financial struggles.
&#8220;To them, a hardship was when the Hilton ran out of fillet steak or something,&#8221; he joked.
<h2 class="wp-block-heading">Family Wealth and Financial Support</h2>
Despite their complicated relationship, Elon has continued to support his father financially. Errol confirmed that the Musk family has a foundation that provides financial assistance to family members.
&#8220;All the single women receive a monthly income,&#8221; Errol said. Even his ex-wife, Heide Bezuidenhout.
When Errol faced high medical costs, Elon stepped in to help. &#8220;My medical costs were nearly a million, and the medical aid only provided 600,000, so they [Elon and Kimbal] bridged that gap for me. That was a big help.&#8221;
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<h2 class="wp-block-heading">Elon Gifted His Father a Bentley—Not a Tesla</h2>
In 2024, <a href="https://www.benzinga.com/25/02/43771853/elon-musk-didnt-always-get-along-with-his-fatherbut-last-year-he-bought-him-a-luxury-car-that-wasnt-a-tesla">Elon gifted his father</a> a Bentley Flying Spur, after offering to buy him a car. Errol initially considered getting a Tesla but ultimately chose the Bentley due to South Africa&#8217;s limited infrastructure for electric vehicles.
&#8220;It was originally going to be a Tesla which was going to be sent out here, but the price was astronomical,&#8221; Errol recalled. &#8220;We're not set up at all for anything like that, so I thought, &#8216;No, I don't want to be outside service range.'&#8221;
<h2 class="wp-block-heading">A Complicated Father-Son Relationship</h2>
Errol and Elon's relationship has long been rocky, with Elon publicly describing his father as a &#8220;terrible human being&#8221; in past interviews. Walter Isaacson's biography on Elon also highlights alleged tensions, including Errol's controversial past.
Despite this, Errol insists their relationship is not as broken as widely believed. He claims Elon recently inquired about <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43393680/elon-musks-father-launches-musk-it-meme-coin-to-fund-new-think-tank">his father&#8217;s memecoin venture</a>, Musk It, and even invited him to the launch of Starship. The reunion included a rare father-son moment. &#8220;Elon put his arm around me and said, &#8216;My dad taught me everything I know about engineering,'&#8221; Errol recalled.
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'They Weren't Like Other Kids'—Errol Musk Says Elon And His Siblings 'Only Rode In Rolls-Royce Cars,' Flew Private And Skied In Europe

Elon Musk sparked a debate on social media after <a href="https://x.com/elonmusk/status/1900394600394875330">tweeting</a> that former President Barack Obama &#8220;sounds exactly like DOGE&#8221; in response to a resurfaced <a href="https://www.youtube.com/watch?v=5hpd61WfMvk">video</a> from 2011. The clip showed Obama announcing the Campaign to Cut Waste, an initiative aimed at eliminating unnecessary government spending. While some users found Musk's comment amusing, others took issue with it, criticizing how the Department of Government Efficiency is being run.
<h2 class="wp-block-heading">Obama's Push for Government Efficiency</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Obama sounds exactly like <a href="https://twitter.com/DOGE?ref_src=twsrc%5Etfw">@DOGE</a>!! <a href="https://t.co/k92s04pJdY">https://t.co/k92s04pJdY</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1900394600394875330?ref_src=twsrc%5Etfw">March 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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In the 2011 video, Obama stood next to a massive stack of bound books and said, &#8220;This stack of books right here is called the Federal Register. And while you might think that most people just can&#8217;t wait to dig into their copy as soon as it arrives, the truth is no one reads this thing.&#8221; He explained that taxpayers had been paying for something completely unnecessary, as the information had already been available online for years.
That was just one example of the wasteful spending the administration sought to eliminate. Obama also mentioned the government funding a website for a folk music ensemble called the Fiddling Foresters, as well as hundreds of similar websites and keeping thousands of unused federal buildings, including an empty warehouse in Brooklyn, on the books for years due to bureaucratic red tape.
The then-Vice President Joe Biden was tasked with leading the initiative, with Obama saying, &#8220;We're calling it the Campaign to Cut Waste, and I know Joe is the right man to lead it because nobody messes with Joe!&#8221;
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<h2 class="wp-block-heading">Musk's Comparison and Twitter's Mixed Reaction</h2>
The resurfaced speech drew comparisons to DOGE, a cost-cutting initiative under President Donald Trump's administration, which Musk has been spearheading.
While some users found the comparison fitting, others pushed back. One commenter dismissed it by saying, &#8220;Sorry but Obama wasn't a billionaire with contracts with the government. He wasn't an entrepreneur from South Africa. And he wasn't firing so many people for purely downsizing. You're not anything like Obama.&#8221;
Others focused more on the effectiveness of DOGE: &#8220;Obama spearheaded waste cutting, but notice something? He was using a scalpel, picking out silly and wasteful spending without breaking the Forestry Service or the VA. That is how this should be done. ELON MUSK you haven't taken the time to actually FIND the waste.&#8221;
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<h2 class="wp-block-heading">A Constant Debate</h2>
The debate over government waste and spending is nothing new, but Musk's tweet reignited discussions about how efficiency efforts are handled. Obama&#8217;s initiative was framed as a targeted, systematic approach, while DOGE has been criticized for <a href="https://in.benzinga.com/news/25/02/43419885/musks-doge-eyes-treasury-payment-system-sparks-controversy-leading-to-officials-exit">creating too much disruption</a> at once. One X user summed up the sentiment of many frustrated users, saying, &#8220;No one is upset with the idea of DOGE. They are upset that you are causing mass hysteria all at once. Too many moving pieces and making a lot of mistakes.&#8221;
Musk&#8217;s comment, whether intended as a joke or not, highlights an ongoing issue: government waste <a href="https://www.benzinga.com/personal-finance/25/03/44328962/1-9-billion-federal-scam-2-trillion-in-federal-waste-the-latest-findings-from-doge-as-elon-musk-says-money-is-poorly-spent">remains a hot-button topic</a>, and every administration has its own approach to tackling it. While Obama's 2011 plan focused on transparency and strategic cuts, DOGE's approach has been described as more aggressive and following Silicon Valley&#8217;s &#8220;move fast and break things.&#8221;
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'Obama Sounds Exactly Like DOGE'—Elon Musk Shares Old Video Of Obama's 2011 'Campaign To Cut Waste' Announcement With Joe Biden At The Helm

XPeng Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are trading lower by 6.83% to $22.18 during Thursday&#8217;s session. The stock has been volatile this week after reporting <a href="https://www.benzinga.com/news/earnings/25/03/44373548/teslas-china-rival-xpeng-delivers-over-91500-evs-in-q4-eyes-massive-growth-in-q1">fourth-quarter results</a>.
What Happened: The Chinese EV maker on Tuesday posted a 23.4% year-on-year revenue increase to 16.11 billion Chinese Yuan ($2.21 billion), surpassing expectations. Quarterly vehicle deliveries <a href="https://www.benzinga.com/pressreleases/25/03/g44372075/xpeng-reports-fourth-quarter-and-fiscal-year-2024-unaudited-financial-results">rose 52.1% to 91,507</a>, supported by its expanding sales network of 690 stores and 1,920 charging stations. 
Vehicle sales revenue climbed 20% Y/Y, while gross margin improved to 14.4% from 6.2% a year ago, driven by cost reductions. However, XPeng reported an adjusted net loss per ADS of 1.47 Yuan, missing estimates. 
The company meanwhile held $5.75 billion in cash and is investing in AI-driven autonomous driving technology. CEO Xiaopeng He reaffirmed XPeng's goal of becoming a global smart EV leader. 
For the first quarter of 2025, XPeng expects vehicle deliveries of 91,000-93,000, marking a massive 317%-327% Y/Y surge, with revenue projected at up to 15.7 billion Yuan.
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<h2 class="wp-block-heading">How To Buy XPEV Stock</h2>
By now you're likely curious about how to participate in the market for XPeng &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, XPEV has a 52-week high of $27.16 and a 52-week low of $6.55.

XPEV

What's Going On With XPeng (XPEV) Stock?

Monolithic Power Systems, Inc. ("MPS") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced updates to its financial guidance for the three months ending March 31, 2025.
The following table presents the updated financial guidance for the three months ending March 31, 2025:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Previously Announced on February 6, 2025</td>
<td>Updated as of March 20, 2025</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenue</td>
<td>$610.0&nbsp;million to $630.0&nbsp;million</td>
<td>$630.0&nbsp;million to $640.0&nbsp;million</td>
</tr>
<tr>
<td>GAAP operating expenses</td>
<td>$180.2 million to $186.2 million</td>
<td>$184.9 million to $190.9 million</td>
</tr>
<tr>
<td>Non-GAAP (1) operating expenses</td>
<td>$126.9 million to $130.9&nbsp;million</td>
<td>$131.6 million to $135.6&nbsp;million</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Guidance

MPWR

Monolithic Power Systems Raises Q1 Revenue Guidance From $610M-$630M To $630M-$640M Vs $578.09M Est.

ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) shares are trading lower on Thursday. The company&nbsp;reported fiscal&nbsp;fourth-quarter revenue of 22.78 billion&nbsp;Chinese Yuan, representing<a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44409992/zeekr-group-reports-fourth-quarter-and-full-year-2024-unaudited-financial-results" rel="noreferrer noopener"> an increase of&nbsp;39.2% year-on-year</a>.
In USD terms, revenue of $3.12 billion missed the&nbsp;analyst consensus estimate of&nbsp;$3.18 billion.
Total vehicle deliveries were 79,250&nbsp;units for the&nbsp;fourth quarter of 2024, up&nbsp;99.8% Y/Y.
Also, the company delivered 31,277&nbsp;vehicles in&nbsp;February 2025 following the acquisition completion of Lynk &amp; Co. This included 14,039 Zeekr brand vehicles and 17,238 Lynk &amp; Co brand vehicles.
Vehicle sales&nbsp;were&nbsp;19.30 billion&nbsp;Chinese Yuan&nbsp;($2.64 billion) for the quarter, representing an increase of&nbsp;82.2%&nbsp;Y/Y aided by an increase in new product delivery volume.
The vehicle margin was&nbsp;17.3%, up from&nbsp;15.3%&nbsp;in the prior year quarter, led by cost reduction.
Revenues from sales of batteries and other components were&nbsp;1.93 billion&nbsp;Chinese Yuan&nbsp;($264.5 million) for the quarter, representing a decline of&nbsp;52.2%&nbsp;Y/Y, owing to lower sales volume and unit price of battery packs and electric drives.
Revenues from research and development services and other services were&nbsp;1.55 billion Chinese Yuan&nbsp;($211.7&nbsp;million) for the quarter, representing a decrease&nbsp; of&nbsp;10.5% Y/Y.
The gross margin expanded to&nbsp;19.0% for the quarter from&nbsp;14.2%&nbsp;a year ago.
The premium electric vehicle company's adjusted net loss per ADS came in at 3.56 Chinese Yuan. In USD terms, adjusted EPS loss of&nbsp;49 cents&nbsp;missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus loss estimate of&nbsp;4 cents</a>.
As of&nbsp;December 31, 2024, cash and cash equivalents and restricted cash&nbsp;stood at 8.96 billion Chinese Yuan ($1.23 billion).
Zeekr Group disclosed it has completed strategic <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44413069/zeekr-group-announced-unaudited-pro-forma-condensed-combined-financial-information" rel="noreferrer noopener">transactions within the </a><a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44413069/zeekr-group-announced-unaudited-pro-forma-condensed-combined-financial-information" rel="noreferrer noopener">Geely group</a><a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44413069/zeekr-group-announced-unaudited-pro-forma-condensed-combined-financial-information" rel="noreferrer noopener">.</a>
It has acquired a 51% stake in LYNK &amp; CO. Zhejiang Zeekr purchased 30% from Volvo Car (China) for 5.4 billion Chinese Yuan ($740 million) and 20% from Geely Holding for 3.6 billion Chinese Yuan ($493 million), alongside a 367 million Chinese Yuan ($50 million) capital injection. The deal closed on February 14, 2025.
Investors can gain exposure to the stock via&nbsp;iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>).
Price Action: ZK shares are down 10.4% at $25.30 at the last check Thursday.
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<li><a href="https://www.benzinga.com/25/03/44416435/oracle-expands-microsoft-partnership-enhances-cloud-offerings-and-secures-major-deals" target="_blank" rel="noreferrer noopener">Oracle Expands Microsoft Partnership, Enhances Cloud Offerings</a></li>
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Image Credits &#8211; Shutterstock.

Mid Cap

IDRV

Why Is ZEEKR Stock Plunging Today?

Bernstein analyst Firoz Valliji initiates coverage on HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Market Perform rating and announces Price Target of $693.

Price Target

Initiation

HUBS

Bernstein Initiates Coverage On HubSpot with Market Perform Rating, Announces Price Target of $693

Consumer confidence <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44337983/horrific-report-economists-warn-consumer-confidence-collapse-signals-economic-trouble">fell sharply</a> in March as Americans grappled with historically high inflation expectations and uncertainties surrounding tariffs. But, Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) CEO Rick Cardenas said Thursday the company has seen resilience in consumer spending when it comes <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44417951/darden-restaurants-expands-uber-delivery-option-to-cheddars-following-successful-rollout-at-olive-garden">to dining out. </a>
What To Know: Darden Restaurants released its third-quarter <a href="https://www.benzinga.com/25/03/44416210/darden-restaurants-posts-mixed-q3-earnings-stock-slides">earnings report</a> on Thursday morning and posted profitable sales growth. The company also issued fiscal 2025 sales guidance above analysts' expectations even as consumers feel the pinch from years of inflation and grow concerned about the future of the economy.&nbsp;
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Cardenas gave some insight into the company's relatively rosy outlook in what he called a "challenging environment."
On the company's earnings call with analysts, Cardenas said all of the company's segments grew in total sales and profit margins, despite the drop in consumer confidence. 
"People, even if they say they're feeling less optimistic, we haven't seen a huge correlation between that and dining out. So changes in consumer sentiment haven't necessarily translated to material changes in consumer spending," Cardenas said.&nbsp;
Consumers are looking for value for their money, Cardenas said, and noted a "little bit more pullback in guests with incomes below $50,000.&nbsp;
Darden's fiscal year sales guidance of $12.1 billion across all of its brands shows the company's confidence in consumers continuing to spend on dining out in the coming months. 
"I think as long as incomes are going up and outpacing inflation, I think they're likely to keep spending," Cardenas said.
Darden Restaurants includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth&#8217;s Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Chuy&#8217;s, Seasons 52, Eddie V&#8217;s and Bahama Breeze.  
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/03/44367584/black-swan-hedge-fund-posts-4000-profits-during-covid-19-market-crash-heres-how">Black Swan&#8217; Hedge Fund Posts 4,000% Profits During COVID-19 Market Crash: Here&#8217;s How</a></li>
</ul>
Photo: Shutterstock

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