Últimas noticias sobre Bit Origin (NASDAQ:BTOG) Bolsa

Bit Origin Ltd is seeking opportunities in deploying new technologies, crypto asset mining and blockchain technologies in Singapore. The company has focused on building the Bitcoin mining ecosystem through incubations, strategic investments, and acquisitions.

Movimiento de acciones

AEHL

AMBC

BTOG

CCCS

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VERO

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Acciones en alza y en caída antes del mercado: descubre qué impulsó los mayores movimientos bursátiles del día.

Acciones de Venus Concept (VERO) se disparan un 200%; aquí están 20 acciones que se mueven en premercado

Bit Origin Limited - Class A Ordinary Shares

Bit Origin Ltd

Needham analyst Bernie McTernan maintains Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) with a Buy and lowers the price target from $33 to $30.

News

Price Target

Analyst Ratings

Needham Maintains Buy on Unity Software, Lowers Price Target to $30

Needham analyst Ami Fadia reiterates Avadel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDL#NASDAQ">AVDL</a>) with a Buy and maintains $19 price target.

Reiteration

Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

AVDL

Needham Reiterates Buy on Avadel Pharmaceuticals, Maintains $19 Price Target

Needham analyst Charles Shi maintains Entegris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>) with a Buy and lowers the price target from $120 to $100.

ENTG

Needham Maintains Buy on Entegris, Lowers Price Target to $100

In his first full-length interview since leaving office, former President Joe Biden shared his thoughts on Donald Trump's presidency and its effects on America's position in the world.
What Happened: Speaking <a href="https://www.bbc.com/news/articles/c89g491e8ewo">to</a> BBC&#8217;s Nick Robinson, Biden expressed his disapproval of Trump's rhetoric and foreign policy, particularly his remarks about possibly acquiring Greenland or making Canada the 51st state.
Biden said, "What President ever talks like that? That's not who we are. We're about freedom, democracy, opportunity — not about confiscation."
Biden also took issue with Trump's stance on Ukraine. He said Trump's proposal that Ukraine should cede territory to Russia was "modern day appeasement."
According to Biden, Russian President Vladimir Putin sees Ukraine as part of "Mother Russia," and warned that Trump's suggestion could embolden Russia and drive even more instability in Europe.
Biden also shared his concerns about the Atlantic Alliance and NATO's future, describing the mutual defense pledge a "sacred obligation."
In his view, Trump's flippant attitude towards international alliances could result in a loss of confidence in America's leadership, particularly in Europe. "We did all that — and in four years we've got a guy who wants to walk away from it all," Biden remarked.
In a recent speech in Chicago, Biden said &#8220;nobody&#8217;s king&#8221; in America, implicating Trump. When asked in the BBC interview if he thought President Trump was behaving more like a monarch than a president bound to the Constitution, Biden said, &#8220;He&#8217;s not behaving like a Republican president.&#8221;
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45277106/trumps-air-force-one-delayed-until-2027-as-boeing-struggles-with-trade-offs-air-force-official-tells-lawmakers">Trump&#8217;s Air Force One Delayed Until 2027 As Boeing Struggles With Trade-Offs, Air Force Official Tells Lawmakers</a>
Why It Matters: Biden's criticism of Trump comes on the heels of a <a href="https://www.benzinga.com/news/25/05/45184463/donald-trumps-support-tanks-early-in-second-term-poll-numbers-paint-grim-picture">major drop in Trump's approval ratings</a> within the first 100 days of his presidency, largely credited to his tariff policies that have shaken global markets.
This is the first time since leaving office that Biden shared his thoughts about Trump in such detail. Trump, on the other hand, has referred to Biden multiple times since taking the oath.
Last month, Trump blamed Biden for causing the country&#8217;s Gross Domestic Product (GDP) to shrink by 0.3% in the first quarter, marking the first GDP contraction in three years. Commenting on the stock market downturn at the end of April, Trump said, <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45107728/trump-labels-market-decline-bidens-stock-market-as-he-distances-tariffs-from-downturn">&#8220;This is Biden&#8217;s Stock Market, not Trump&#8217;s.&#8221;</a>
The Trump administration has also made sweeping efforts to rescind or alter multiple Biden-era policies and directives, including <a href="https://www.benzinga.com/25/04/45090935/trump-administration-targets-biden-era-ai-chip-curbs-could-scrap-country-tiers-and-tighten-access-to-nvidias-h100-chips-report">chip curbs</a>, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44759645/trump-signs-landmark-crypto-law-repeals-biden-era-irs-rule-targeting-defi-platforms">tax rules</a> for DeFi Platforms, <a href="https://www.benzinga.com/news/25/03/44449186/trump-said-3-months-ago-federal-minimum-wages-dont-work-now-hes-slashed-bidens-17-75-minimum-for-federal-contractors-to-state-minimums">wage rules</a> for federal contractors, <a href="https://www.benzinga.com/news/large-cap/25/01/43106379/trump-reverses-bidens-ai-policies-on-day-1-what-it-means-for-tech-giants-nvidia-amd-alphabet">AI safety policies</a>, and more.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/05/45277309/house-gop-representatives-want-to-axe-federal-ev-credit-amid-trumps-tax-cuts-report">House GOP Representatives Want To Axe Federal EV Credit Amid Trump&#8217;s Tax Cuts: Report</a></li>
</ul>
Photo courtesy: Below the Sky / Shutterstock.com

Politics

General

Biden Says Trump Is 'Not Behaving Like A Republican President:' 'That's Not Who We Are'

In a recent nonpartisan analysis, it was revealed that millions of Americans stand to lose their Medicaid health insurance coverage. This is a result of several proposals by Republican Congress members aimed at reducing spending to back President Donald Trump&#8216;s&nbsp;tax cuts and domestic policy&nbsp;agenda.
What Happened: The Congressional Budget Office (CBO) performed an analysis at the request of Sen. Ron Wyden (D-Oregon) and Rep. Frank Pallone (D-N.J.) The analysis disclosed that millions could lose Medicaid coverage under different proposals put forth by Congressional Republicans.
The CBO analyzed five scenarios reportedly considered by Republicans, estimating Medicaid coverage losses between 2.3 million and 8.6 million people. The proposals include reducing federal funding for states that expanded Medicaid under the Affordable Care Act, a move that could save $710 billion but would eliminate coverage for 5.5 million enrollees by 2034. Out of that, 2.4 million will be left without health insurance.
Another proposal involves eliminating state provider taxes, which, according to the CBO, would save the federal government $668 billion but result in 8.6 million people losing Medicaid coverage. It would result in 3.9 million more people being uninsured by 2034.
Notably, Wyden and Pallone did not request a CBO analysis of a proposed Medicaid work requirement for non-disabled enrollees, which House Speaker Mike Johnson says is still under consideration. Republicans have also suggested more frequent eligibility checks and cutting coverage for noncitizens, <a href="https://www.usatoday.com/story/money/2025/05/07/cbo-millions-americans-lose-medicaid-coverage/83495422007/">reported </a>USA Today. 
Supporters argue that a work requirement would encourage employment and reduce taxpayer costs, with a 2023 CBO estimate projecting $109 billion in savings over ten years.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/05/45239391/grant-cardone-says-america-about-to-have-greatest-resurgence-in-its-250-year-history-thanks-trump-for-encour" target="_blank" rel="noreferrer noopener">Grant Cardone Says, &#8216;America About To Have Greatest Resurgence In Its 250-Year History,&#8217; Thanks Trump For Encouraging Big Tech To Come Home</a>
Why It Matters: President Donald Trump had previously stated in an interview with&nbsp;TIME Magazine&nbsp;that he would <a href="https://www.benzinga.com/government/25/04/45064937/donald-trump-threatens-to-veto-any-gop-bill-that-touches-medicaid-or-social-security-if-it-cuts-it-i-would-not-approve">veto any bill</a> that trims Social Security or federal health programs, including Medicaid. 
Meanwhile, Rep. Don Bacon (R-Neb.) had <a href="https://www.benzinga.com/markets/25/04/45092912/don-bacon-supports-500b-medicaid-cuts-proposal-including-annual-eligibility-audits-to-preserve-2017-tax-c">expressed his support</a> for $500 billion in Medicaid cuts. This comes as congressional Republicans are striving to preserve the 2017 Tax Cuts and Jobs Act. The proposed cuts include imposing work requirements for able-bodied adults without children, removing undocumented migrants from Medicaid coverage, and requiring annual audits to ensure only eligible individuals receive Medicaid.
However, on Tuesday, House Speaker Mike Johnson stated that Republicans have ruled out cutting federal funding to states that expanded Medicaid and seemed disinclined to support per-capita caps for those states.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45241136/jeff-bezos-says-he-won-the-lottery-with-his-teen-mom-she-had-him-at-17-took-him-to-night-school-then-invested-her" target="_blank" rel="noreferrer noopener">Jeff Bezos Says He &#8216;Won the Lottery&#8217; With His Teen Mom—She Had Him at 17, Took Him to Night School, Then Invested Her $245K Savings In Amazon</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.

Markets

Over 5 Million Americans Risk Losing Health Coverage By 2034 Amid Proposed GOP Medicaid Cuts, CBO Finds

Earnings

Earnings Misses

ATHM

Autohome Q1 Adj. EPADS $0.49 Misses $3.22 Estimate, Sales $200.34M Miss $1.42B Estimate

Autohome (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATHM#NYSE">ATHM</a>) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.46 by 6.52 percent. This is a 12.5 percent decrease over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $200.34 million which missed the analyst consensus estimate of $201.41 million by 0.53 percent. This is a 10.10 percent decrease over sales of $222.85 million the same period last year.

Earnings Beats

Autohome Q1 Adj. EPS $0.49 Beats $0.46 Estimate, Sales $200.34M Miss $201.41M Estimate

Piper Sandler analyst Brent Bracelin maintains Amplitude (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPL#NASDAQ">AMPL</a>) with a Overweight and raises the price target from $14 to $15.

AMPL

Piper Sandler Maintains Overweight on Amplitude, Raises Price Target to $15

A new study published in Nature Climate Change demonstrates that the richest individuals disproportionately contribute to climate extremes.
The analysis shows that only 10% of the global population accounts for the majority of emissions, leading to heatwaves, droughts, and other extreme events that impact millions of lives worldwide.
What Happened: Researchers examined emissions from consumption and investments between 1990 and 2020 within an emulator-based framework.
They discovered that the wealthiest 10% of the world's population are responsible for two-thirds of global warming, while the top 1% alone contributed one-fifth, which is 6.5 and 20 times the average per capita emissions, respectively.
In case of extreme weather events, the top 10% were behind 7 times the average contribution to increases in 1-in-100-year monthly heat extremes, while the top 1% contributed 26 times more.
When it comes to Amazon droughts, their contributions were 6 times and 17 times the average, respectively. Emissions from the richest 10% in the U.S. and China led to a two-to-threefold increase in heat extremes across already at-risk areas.
See Also: <a href="https://www.benzinga.com/media/25/05/45216185/bill-gates-says-trumps-climate-rollbacks-may-have-slowed-progress-but-microsoft-co-founder-doesnt-think-thats-a-permanent-thing-as-americas-commitment-to-clean-energy">Bill Gates Says Trump&#8217;s Climate Rollbacks May Have Slowed Progress, But Microsoft Co-Founder Doesn&#8217;t Think &#8216;That&#8217;s a Permanent Thing&#8217;</a>
Why It Matters: Authors of the study note that extreme weather linked to climate change has led to an average of $143 billion in annual damages over the past twenty years.
In 2019, the wealthiest 10% of the global population drove almost half of all emissions from consumption and investments, while the poorest 50% were responsible for just one-tenth.
"At the same time, regions with low historic emissions and income levels are typically more frequently and severely exposed to climate impacts and have limited resources for adaptation," they add.
The study comes on the heels of a recent statement from Bill Gates, who said rich countries "owe it to the world" to get themselves down to net-zero emissions.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/05/45277281/us-and-uk-close-to-finalizing-trade-deal-as-trump-teases-very-very-big-announcement-report">Trump Teases &#8216;Very, Very Big Announcement&#8217; As US, UK Close To Finalizing Trade Deal: Report</a></li>
</ul>
Photo courtesy: Shutterstock

Education

The Top 10% Are Fueling The Climate Crisis: Wealthiest People Linked To Most Extreme Weather Events, Study Finds

Piper Sandler analyst Arvind Ramnani maintains Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) with a Neutral and raises the price target from $224 to $246.

PAYC

Piper Sandler Maintains Neutral on Paycom Software, Raises Price Target to $246

Shares of AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) rose sharply in today's pre-market trading after the company reported better-than-expected <a href="https://www.benzinga.com/quote/APP/earnings">first-quarter financial results</a>.
AppLovin reported first-quarter revenue of $1.48 billion, beating analyst estimates of $1.38 billion, according to Benzinga Pro. The company reported first-quarter earnings of $1.67 per share, beating analyst estimates of $1.45 per share.
AppLovin shares jumped 14.6% to $347.79 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) rose 77.4% to $0.0869 in pre-market trading after dipping over 90% on Wednesday. Digital Ally received positive listing determination from the Nasdaq.</li>
<li>ZK International Group Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZKIN#NASDAQ">ZKIN</a>) surged 48.2% to $1.63 in pre-market trading after jumping over 10% on Wednesday.</li>
<li>Asset Entities Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) gained 38.3% to $4.69 in pre-market trading. Asset Entities shares jumped 450% on Wednesday after the company announced it entered into a merger agreement with Strive Asset Management to be the first publicly traded asset management bitcoin treasury company.</li>
<li>Sezzle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) jumped 31.3% to $69.30 in pre-market trading after the company reported better-than-expected first-quarter earnings.</li>
<li>PainReform Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFX#NASDAQ">PRFX</a>) gained 23.8% to $2.65 in pre-market trading after the company announced it launched a strategic AI pilot with Econergy Renewable Energy.</li>
<li>DevvStream Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DEVS#NASDAQ">DEVS</a>) surged 22.5% to $0.4914 in pre-market trading after jumping 108% on Wednesday.</li>
<li>Magnite, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNI#NASDAQ">MGNI</a>) gained 16.6% to $14.50 in pre-market trading after the company announced upbeat quarterly results.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) climbed 12.3% to $8.30 in pre-market trading after the company reported better-than-expected first-quarter financial results.</li>
<li>Cantor Equity Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEP#NASDAQ">CEP</a>) gained 10.2% to $35.15 in pre-market trading after climbing 9% on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>NuCana plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNA#NASDAQ">NCNA</a>) shares dipped 66.4% to $0.1012 in pre-market trading after dipping 25% on Wednesday. NuCana recently announced a registered direct offering with approximately $7 million gross proceeds.</li>
<li>Empire Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EP#NYSE">EP</a>) shares fell 36.5% to $2.51 in pre-market trading.</li>
<li>LogicMark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGMK#NASDAQ">LGMK</a>) shares fell 30.2% to $0.0095 in pre-market trading after dipping 12% on Wednesday.</li>
<li>NetClass Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTCL#NASDAQ">NTCL</a>) fell 18.7% to $26.37 in pre-market trading.</li>
<li>Fluence Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) shares tumbled 15.1% to $3.83 in pre-market trading after the company reported a wider-than-expected quarterly loss and lowered its FY25 sales forecast.</li>
<li>Semrush Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMR#NYSE">SEMR</a>) dipped 13% to $8.89 in pre-market trading after posting downbeat quarterly earnings.</li>
<li>Emerald Holding Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEX#NYSE">EEX</a>) fell 12.6% to $4.01 in today's pre-market trading. Emerald Holding recently reported better-than-expected first-quarter financial results and issued FY25 sales guidance with its midpoint above estimates.</li>
<li>Arm Holdings PLC &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) fell 10.6% to $110.88 in pre-market trading after the company reported fourth-quarter financial results and issued FY26 guidance below estimates. Also, the company issued first-quarter adjusted EPS guidance below estimates.</li>
<li>Consensus Cloud Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSI#NASDAQ">CCSI</a>) declined 10.2% to $20.03 in pre-market trading after reporting first-quarter results.</li>
<li>New Century Logistics (BVI) Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCEW#NASDAQ">NCEW</a>) fell 10.2% to $1.48 in pre-market trading after dipping 24% on Wednesday.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/05/45251088/top-3-financial-stocks-that-may-plunge-in-may">Top 3 Financial Stocks That May Plunge In May</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Movers

Trading Ideas

ASST

CCSI

DEVS

DGLY

FLNC

LGMK

MGNI

NCEW

NCNA

NTCL

PRFX

SEMR

SEZL

ZKIN

Why AppLovin Shares Are Trading Higher By 15%; Here Are 20 Stocks Moving Premarket

<a href="https://www.wsj.com/politics/policy/trump-to-announce-trade-agreement-with-britain-bf937c67" title="https://www.wsj.com/politics/policy/trump-to-announce-trade-agreement-with-britain-bf937c67">https://www.wsj.com/politics/policy/trump-to-announce-trade-agreement-with-britain-bf937c67</a>

Macro Economic Events

Economics

The Wall Street Journal Reported Earlier President Trump Expected To Announce U.K. Trade Deal Framework On Thursday

Infineon Technologies (OTC:<a class="ticker" href="https://www.benzinga.com/stock/IFNNY#OTC">IFNNY</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.32 by 12.5 percent. This is a 21.74 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $3.78 billion which beat the analyst consensus estimate of $3.58 billion by 5.47 percent. This is a 4.28 percent decrease over sales of $3.94 billion the same period last year.

IFNNY

Infineon Technologies Q2 Adj. EPS $0.36 Beats $0.32 Estimate, Sales $3.78B Beat $3.58B Estimate

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.73 by 10.96 percent. This is a 58.82 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $7.62 billion which beat the analyst consensus estimate of $6.80 billion by 12.06 percent. This is a 24.59 percent increase over sales of $6.12 billion the same period last year.

Canadian Natural Res Q1 Adj. EPS $0.81 Beats $0.73 Estimate, Sales $7.62B Beat $6.80B Estimate

Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) has projected a one-fifth decline in operating profit for the fiscal year ending March 2026, citing significant headwinds from President Donald Trump&#8216;s tariff policies and a stronger yen just one year after posting record earnings. 
What Happened: Toyota CEO Koji Sato announced Thursday that the world&#8217;s largest automaker expects a $1.3 billion financial impact from U.S. tariffs in April and May alone, with future effects &#8220;very difficult to forecast&#8221; due to extreme uncertainty in global trade relations, <a href="https://www.nytimes.com/2025/05/08/business/toyota-earnings-trump-tariffs.html">reported</a> the New York Times. 
&#8220;The current environment surrounding the auto industry, including trade relations, is in extreme flux,&#8221; Sato said during a briefing. 
The somber outlook represents a dramatic reversal from May 2024, when Toyota reported the highest annual profit ever recorded by a Japanese firm.
See Also: <a href="https://www.benzinga.com/markets/25/05/45277938/ford-hikes-prices-of-select-mexico-produced-vehicles-amid-auto-tariff-uncertainty-report">Ford Hikes Prices Of Select Mexico-Produced Vehicles Amid Auto Tariff Uncertainty: Report</a>
Why it matters: According to JPMorgan analyst Akira Kishimoto, Japanese automakers collectively could face a potential hit of 4.46 trillion yen (about $29.44 billion) from the tariffs, though Toyota <a href="https://www.benzinga.com/news/25/04/45049101/toyota-eyes-major-shakeup-with-42-billion-offer-for-toyota-industries">remains JPMorgan&#8217;s top pick given its resilience</a> and strong fundamentals.
Toyota is reportedly considering shifting production of its <a href="https://www.benzinga.com/government/regulations/25/04/44909696/toyota-eyes-us-assembly-of-rav4-in-kentucky-as-a-shield-against-trumps-tariffs">next-generation RAV4 SUV to Kentucky</a> by 2027 to bypass the tariffs, according to Reuters. The RAV4 was America&#8217;s best-selling vehicle in 2024, with over 475,000 units sold, representing approximately 20% of Toyota&#8217;s total U.S. vehicle sales.
Other automakers have made similar downward revisions, with General Motors lowering its 2025 profit forecast by over 20% last week, citing <a href="https://www.benzinga.com/news/earnings/25/05/45150325/gm-cut-its-2025-forecast-on-tariffs-but-core-business-holds-up-says-goldman-sachs">projected cost increases of $4 billion or more</a> from the Trump tariffs.
Read Next:
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<li><a href="https://www.benzinga.com/news/management/25/05/45277888/openai-taps-instacart-ceo-fidji-simo-as-chief-of-applications-sam-altman-to-focus-on-research-compute-and-safety-amid-superintelligence-push">OpenAI Taps Instacart CEO Fidji Simo As Chief Of Applications, Sam Altman To Focus On &#8216;Research, Compute And Safety&#8217; Amid Superintelligence Push</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

Equities

Trump Tariffs To Cost Toyota $1.3 Billion As Japanese Automaker Warns Forecasting Is 'Very Difficult' Amid Uncertainty

ACM is maintaining its revenue guidance range of $850 million to $950 million for fiscal year 2025. This expectation is based on ACM management's current assessment of the continuing impact from international trade policy, together with various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field, among other factors.

Guidance

ACMR

ACM Research Affirms FY2025 Sales Guidance of $850M-$950M vs $921.25M Est

ACM Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) affirms FY2025 sales outlook from $850.00 million-$950.00 million to $850.00 million-$950.00 million vs $921.25 million estimate.

ACM Research Affirms FY2025 Sales Guidance of $850.00M-$950.00M vs $921.25M Est

ACM Research Q1 2025 Adj. EPS $0.46 Beats $0.37 Estimate, Sales $172.35M Beat $165.34M Estimate

As the market grapples with uncertainties amid the ongoing policy disruption and tariff battle, Jurrien Timmer, director of global macro at Fidelity Investments, suggests that a simple look at the S&amp;P 500 chart offers a compelling answer for those pondering their next move: &#8220;long.&#8221;
What Happened: In a recent X post accompanied by a 10-year S&amp;P 500 index chart, Timmer presented a straightforward yet insightful perspective. He posed the question, &#8220;At times of uncertainty, I find it useful to pull up a simple chart of the S&amp;P 500 and ask myself: do I want to be long or short this chart?&#8221;
His conclusion, drawn from the technical patterns displayed, leans firmly toward establishing or adding to &#8220;long&#8221; positions.
The chart, tracking the weekly performance of the S&amp;P 500 and its 200-day moving average, highlights a consistent rising uptrend line that has provided a general floor for the market over the years. Notably, Timmer points out the recent market action, where the index swung from a position significantly above this trendline to one considerably below it.
According to the data presented, the S&amp;P 500 appears to have gravitated back to this long-term uptrend line. This convergence, according to Timmer, &#8220;suggests that the market has found its balance.&#8221;
Timmer&#8217;s analysis hinges on core technical analysis principles. The rising uptrend line typically indicates sustained buying interest and a general positive trajectory for the asset. A temporary dip below this line can often be interpreted as an oversold condition, presenting a potential buying opportunity as the market seeks to revert to its established trend.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At times of uncertainty, I find it useful to pull up a simple chart of the S&amp;P 500 and ask myself: do I want to be long or short this chart? Different people will come up with different answers, but for me the chart below suggests "long." We have a rising uptrend line and a… <a href="https://t.co/DsLOxYz6sn">pic.twitter.com/DsLOxYz6sn</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1920148872690532867?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/05/45276870/carvana-ceo-believes-tariffs-could-benefit-used-cars-as-it-achieves-long-term-profitability-goal-years-ahead-of-schedule">Carvana CEO Believes Tariffs Could &#8216;Benefit&#8217; Used Cars As It Achieves Long-Term Profitability Goal Years Ahead Of Schedule</a>
Why It Matters: Despite Timmer&#8217;s personal views based on his analysis, investors could potentially consider having &#8220;long&#8221; positions; however, the decision to be &#8220;long&#8221; or &#8220;short&#8221; rests with each individual investor.
After Wednesday, the S&amp;P 500 index was out of the correction zone, just down 8.34% from its record high of 6,147.43 points, scaled on Feb. 19. Dow Jones was 8.78% lower than its 52-week high of 45,073.63 points, and Nasdaq 100 was 10.6% lower than its previous high of 22,222.61 points.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.76% to $565.43, while the QQQ advanced 1.08% to $488.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The SPY closed 0.42% higher at $561.15, and the QQQ advanced 0.39% to end at $483.30 on Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Long Ideas

Market Summary

S&P 500 Chart Indicates Adding 'Long' Positions As Expert Says 'Market Has Found Its Balance'

The U.S. Patent and Trademark Office has refused Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) attempt to trademark the term "Robotaxi."
What Happened: The USPTO issued a ‘Nonfinal Office Action' notice to Elon Musk's company on Tuesday, a filing by the agency revealed.
The agency said that it refused to grant the trademark as the term is "Merely Descriptive." Another trademark for Tesla's ride-hailing service is still under review.
"Registration is refused because the applied-for mark merely describes a feature, ingredient, characteristic, purpose, function, intended audience of the applicant's goods and/or services," the filing stated.
The agency also said that the term &#8220;Robotaxi&#8221; is used generically by autonomous ride-sharing companies. However, USPTO stated that Tesla can provide evidence to support its trademark claim.
These can include "Fact sheets, instruction manuals, brochures, advertisements and pertinent screenshots of applicant's website as it relates to the goods and/or services in the application, including any materials using the terms in the applied-for mark."
Additionally, the agency also halted Tesla's Cybercab trademark. "Registration of the applied-for mark is refused because of a likelihood of confusion," with other similar trademark applications, the agency said.
Why It Matters: The decision comes as Musk and Tesla are gearing up to launch the company's Robotaxi service next month in Austin, Texas. Musk reiterated at the company's recent Q1 Earnings Call that Tesla would <a href="https://www.benzinga.com/news/earnings/25/04/44943387/elon-musk-shares-fsd-update-at-tesla-earnings-call-10-to-20-model-ys-will-offer-paid-robotaxi-rides-in-june">deploy 10 to 20 Model Ys </a>on Robotaxi launch day.
The EV giant has also begun operating its robotaxi services in a limited rollout for employees, and has completed <a href="https://www.benzinga.com/tech/25/04/44972108/tesla-quietly-launched-robotaxi-service-for-employees-before-june-debut-now-reports-1500-completed-trips">more than 1,500 trips </a>in Austin as well as the San Francisco Bay Area.
Elsewhere, the autonomous taxi segment is steadily growing in the U.S. as ride-hailing giant Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) recently<a href="https://www.benzinga.com/markets/25/05/45162888/uber-heats-up-robotaxi-battle-against-tesla-waymo-with-may-mobility-deal"> announced a partnership </a>with May Mobility to operate thousands of robotaxis on its platform.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08040910/TSLA-MAY-8-2025-1024x197.jpg" alt="" class="wp-image-907343" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08040910/TSLA-MAY-8-2025-1024x197.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08040910/TSLA-MAY-8-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08040910/TSLA-MAY-8-2025-768x148.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08040910/TSLA-MAY-8-2025-1536x296.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08040910/TSLA-MAY-8-2025.jpg 1644w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
TSLA showcases excellent scores on Momentum and Quality metrics, has a satisfactory Growth rating, but scores poorly on Value. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/04/45001024/trump-administration-announces-exemptions-for-autonomous-driving-companies-in-the-us-eases-self-driving-crash-report-requirements">Tesla's Robotaxi Rollout Gets Timely Boost: Trump Administration Announces Exemptions For Autonomous Driving Companies</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

UBER

Elon Musk's Cybercab Ambitions Face Latest Snag: Tesla's 'Robotaxi' Trademark Filing Refused

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Bit Origin Ltd Announces Receipt of Delinquency Notification Letter From Nasdaq Relating to Non-Compliance with Listing Rule 5250(c)(1)

Bit Origin Ltd Regains Compliance with Nasdaq Listing Rule 5250(c)(1)

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Bit Origin Ltd Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

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