Cineverse (NASDAQ:CNVS) Bolsa

Cineverse

Cineverse Corp is a main streaming technology and entertainment company. It operates portfolios of owned and operated streaming channels, all powered by its, proprietary technology platform. Cineverse features enthusiast brands for subscription video on demand (SVOD), advertising-based video on demand (AVOD), and free, ad-supported streaming television (FAST) channels. The company earns fees for the distribution of content in the home entertainment markets via several distribution channels, including digital, video-on-demand, and physical goods (e.g., DVDs and Blu-ray Discs) (Base Distribution).

Cineverse Corp

China's Manus AI is being hyped as the next big leap in agentic AI—maybe even a "DeepSeek moment"—but early testers say the platform might be more sizzle than substance.
What Happened: Developed by Chinese startup Monica, the daughter company of The Butterfly Effect, Manus is billed as an "autonomous agent" capable of handling complex tasks like booking flights, ordering food, and even programming video games.
Its invite-only beta sparked massive buzz, with over 130,000 users joining its Discord server and invite codes reportedly selling for thousands of dollars on Chinese reselling app Xianyu, <a href="https://techcrunch.com/2025/03/09/manus-probably-isnt-chinas-second-deepseek-moment/">reported</a> TechCrunch.
Some influencers and tech executives praised Manus as revolutionary. Hugging Face's head of product called it "the most impressive AI tool I've ever tried," while AI researcher Dean Ball dubbed it "the most sophisticated computer using AI."
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44070969/former-intel-ceo-craig-barrett-warns-that-splitting-the-company-would-be-a-costly-mistake-a-far-better-move-might-be-to-fire-the-intel-board-and-rehire-pat-gelsinger" target="_blank" rel="noreferrer noopener">‘Fire The Intel Board,' Says Former CEO Craig Barrett As He Pushes Back On Breakup Plans, Urges Focus On Chipmaking Wins</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It is wrong to call manus a "deepseek moment." Deepseek was about replication of capabilities already publicly achieved by American firms. Manus is actually advancing the frontier. The most sophisticated computer using ai now comes from a Chinese startup, full stop.
&mdash; Dean W. Ball (@deanwball) <a href="https://twitter.com/deanwball/status/1898771696796270672?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Got access and it&#39;s true&#8230; Manus is the most impressive AI tool I&#39;ve ever tried. &#8211; The agentic capabilities are mind-blowing, redefining what&#39;s possible. &#8211; The UX is what so many others promised&#8230; but this time it just works. prompt: &quot;code a threejs game where you control a… <a href="https://t.co/rUD2XV4ZVK">pic.twitter.com/rUD2XV4ZVK</a>
&mdash; Victor M (@victormustar) <a href="https://twitter.com/victormustar/status/1898505307896131708?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
But some user experience tells a different story.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">if the problem in the pic is not obvious to you, it is obvious to my young Ph.D biochem friend and also to Sonnet 3.7, which (seeing as it took a few hours for this project) points to an easy improvement with a MoA "Am I bullshitting?" check. (also probably monomer, not dimer) <a href="https://t.co/PbZZNFHhBB">pic.twitter.com/PbZZNFHhBB</a>
&mdash; Teortaxes&#x25b6;&#xFE0F; (DeepSeek 推特&#x1f40b;铁粉 2023 – ∞) (@teortaxesTex) <a href="https://twitter.com/teortaxesTex/status/1898716653468221848?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Alexander Doria, co-founder of AI startup Pleias, wrote on X, formerly Twitter, that he encountered "endless loops" and errors.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">To give more detail: it never manages to fill a file with synthetic human: assistant: exchange. Instead there are regular &quot;encountered errors&quot; and generation examples being outputted directly through injection. <a href="https://t.co/UnpWEgbNxa">pic.twitter.com/UnpWEgbNxa</a>
&mdash; Alexander Doria (@Dorialexander) <a href="https://twitter.com/Dorialexander/status/1898722227756859506?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Zengyi Qin, a generative AI researcher, also took to X and shared his views saying, "Manus is NOT a technology breakthrough," because it mainly follows pre-defined workflows to perform tasks and operates within fairly limited environments.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many people ask me about Manus <a href="https://twitter.com/ManusAI_HQ?ref_src=twsrc%5Etfw">@ManusAI_HQ</a> and here are my thoughts: <a href="https://t.co/PgwCqzzb6y">pic.twitter.com/PgwCqzzb6y</a>
&mdash; Zengyi Qin (@qinzytech) <a href="https://twitter.com/qinzytech/status/1897505798974267730?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Manus' website makes lofty claims—like buying real estate or building apps autonomously—but some of the platform's core functions reportedly rely on fine-tuned versions of existing models like Anthropic's Claude and Alibaba Group Holding Ltd.'s (NYSE BABA) Qwen.
Yichao "Peak" Ji, a research lead for Manus, called the tool a "completely autonomous agent" and claimed it outperforms OpenAI's Deep Research on the GAIA benchmark.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Introducing Manus: the first general AI agent. Try Manus today and see the future of human-machine collaboration: <a href="https://t.co/IKBPiiHsta">https://t.co/IKBPiiHsta</a> <a href="https://t.co/z3C8fUK3eN">pic.twitter.com/z3C8fUK3eN</a>
&mdash; ManusAI (@ManusAI_HQ) <a href="https://twitter.com/ManusAI_HQ/status/1897294098945728752?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
But a viral video touting Manus' capabilities was later confirmed by Ji to not be a real demo.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Co-founder of Manus AI here! Thanks for your interest in Manus <a href="https://twitter.com/heyBarsee?ref_src=twsrc%5Etfw">@heyBarsee</a>, but this video is definitely NOT Manus&#x1f923;. Our official account is <a href="https://twitter.com/ManusAI_HQ?ref_src=twsrc%5Etfw">@ManusAI_HQ</a> , and Manus is a web-based AI agent, like OpenAI Operator/DeepResearch, not a VNC for smartphones.
&mdash; Yichao &#39;Peak&#39; Ji (@peakji) <a href="https://twitter.com/peakji/status/1898225941954142430?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: &nbsp;The rise of Manus comes at a time when the AI landscape in China is rapidly evolving. DeepSeek, another Chinese AI firm, has been under <a href="https://in.benzinga.com/government/regulations/25/03/44201104/usa-targets-deepseek-weighs-restrictions-on-chinas-ai-firm-that-shook-nvidias-market-value-by-600-billion">scrutiny by the U.S. government</a>, which is considering restrictions on its operations.
DeepSeek&#8217;s AI models have been made open-source, allowing them to be freely downloaded and copied.
In January 2025, DeepSeek&#8217;s assertion that its AI model was developed at a fraction of the cost compared to its U.S. competitors resulted in Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) losing $600 billion in <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">market value in just one day</a>.
Moreover, a study by Copyleaks revealed that <a href="https://in.benzinga.com/markets/equities/25/03/44103985/74-of-deepseeks-output-mimics-openais-chatgpt-new-study-reveals-it-does-raise-questions-about-its-development">74% of DeepSeek&#8217;s output</a> mimics OpenAI&#8217;s ChatGPT, raising questions about its development process.
Meanwhile, earlier this month, <a href="https://in.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle">Tencent&#8217;s Yuanbao AI</a> has surpassed DeepSeek as the most downloaded iPhone app in China.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/02/44055314/mrbeast-lost-millions-on-amazons-beast-games-now-hes-looking-to-raise-hundreds-of-millions-to-take-h" target="_blank" rel="noreferrer noopener">MrBeast Lost Millions On Amazon's ‘Beast Games'—Now He's Looking To Raise Hundreds Of Millions To Take His Brand To The Next Level</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

News

Tech

Media

NVDA

Move Over DeepSeek? Not So Fast: China's Manus AI Goes Viral, But Early Users Say It Crashes, Loops, And Fumbles The Basics

Only Meta Platforms Inc. has outperformed the S&amp;P 500 and Nasdaq 100 indices in 2025 because it is &#8220;less leveraged,&#8221; as compared to the other &#8216;Magnificent 7&#8217; stocks, explains an analyst.
While Meta, led by Mark Zuckerberg, continues to be an investor favorite, it is also undervalued as compared to its peers.
What Happened: The high interest rate environment in 2025 has kept the technology mega caps under pressure, according to John Murillo, the chief dealing officer at B2BROKER.
&#8220;Many tech companies, especially those with high leverage, are particularly susceptible to changes in interest rates,&#8221; said Murillo, adding that the Federal Reserve's current stance has been impacting these companies' profitability and valuations.
He also highlights that the current U.S. administration's tariff policies, particularly targeting China, have created uncertainties in global trade, risking increasing costs for tech companies and affecting their earnings.
Thus, investors have grown increasingly skeptical about the high-tech index&#8217;s performance in 2025 due to a weaker guidance amid high interest rates and an inflationary push from Donald Trump's tariff policy, according to Murillo.
&#8220;Currently investors favor less leveraged tech stocks like Meta, bearing in mind that loan paybacks can significantly eat into their net profits,&#8221; he said.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/03/44159401/rigetti-claims-leadership-in-quantum-computing-race-aims-to-scale-to-100-qubits-as-it-looks-to-catch-up-with-ibm-google">Rigetti Asserts &#8216;Leadership&#8217; In Quantum Computing Race, Aims To Scale To 100 Qubits As It Looks To Catch Up With IBM, Google</a>
Why It Matters: Meta is up 4.41% on a year-to-date basis, whereas the exchange-traded fund tracking S&amp;P 500 index, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 1.49%. Also, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 declined 3.61% in the same period.
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data, Meta&#8217;s long term debt stood at $28.826 billion but it has a debt-to-equity ratio of 0.269, implying its strength to service its debts.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Stocks</td>
<td>Long Term Debt</td>
<td>Debt-To-Equity Ratio</td>
<td>YTD Performance</td>
</tr>
<tr>
<td>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>$8.463 Billion</td>
<td>0.129</td>
<td>-18.52%</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>$83.956 Billion</td>
<td>1.45</td>
<td>-1.96%</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>$39.722 Billion</td>
<td>0.206</td>
<td>-6.04%</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>$52.623 Billion</td>
<td>0.458</td>
<td>-9.52%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td>$10.833 Billion</td>
<td>0.078</td>
<td>-7.81%</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>$28.826 Billion</td>
<td>0.269</td>
<td>4.41%</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>$5.535 Billion</td>
<td>2.025</td>
<td>-30.75%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a></figcaption></figure>
Elon Musk&#8216;s Tesla, on the other hand, has underperformed the most in 2025, falling 30.75% since the start of the year.
Price Action: Meta closed 0.36% lower at $625.66 on Friday. Over the last one year, the stock rose by 29.38%.
<a href="https://www.benzinga.com/quote/META/analyst-ratings">Benzinga tracks 43 analysts</a> with an average price target of $731.76 for the stock, reflecting a "buy" rating. Estimates range widely from $575 to $935. Recent ratings from Tigress Financial, UBS, and Citigroup average at $833.67, suggesting a potential 35.34% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/META/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="383" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10044120/Meta-Platforms-ANR-1024x383.png" alt="" class="wp-image-816095" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10044120/Meta-Platforms-ANR-1024x383.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10044120/Meta-Platforms-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10044120/Meta-Platforms-ANR-768x287.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10044120/Meta-Platforms-ANR.png 1062w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44213521/us-economic-slowdown-talk-of-the-town-says-economist-mohamed-el-erian-as-fed-chair-powell-reaffirms-growth-at-sol">US Economic Slowdown &#8216;Talk Of The Town,&#8217; Says Economist Mohamed El-Erian As Fed Chair Powell Reaffirms Growth At &#8216;Solid Pace&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Government

Market Summary

Markets

AAPL

AMZN

GOOG

GOOGL

MSFT

TSLA

Mark Zuckerberg's Meta Platforms A Lucrative Bet As 'Investors Favor Less Leveraged Tech Stocks,' Says Expert Amid Mag7's 2025 Underperformance

China has announced retaliatory tariffs on certain Canadian agricultural products in response to Canada&#8217;s import duties on Chinese electric vehicles, steel, and aluminum products.
What Happened: China announced on Saturday that it would implement a 100% tariff on Canadian rapeseed oil, oil cakes, and peas. Additionally, a 25% tariff will be applied to aquatic products and pork from Canada. According to a statement from China's Customs Tariff Commission of the State Council, these tariffs are set to take effect on March 20.
The announcement comes amid a swiftly intensifying global trade war, marked by multiple tariff declarations from the U.S., China, Canada, and Mexico in recent months. Canada had previously implemented a 100% import tariff on Chinese-made EVs starting Oct 1. 2024, mirroring similar measures taken by the U.S. and the EU amid concerns about unfair competition. Ottawa also imposed a 25% tariff on imported steel and aluminum products from China, effective October 15. 
As a response, in September, China initiated an anti-dumping investigation into Canadian canola or rapeseed imports, which account for over half of Canada&#8217;s total canola exports. Notably, in the list released on Saturday, China did not include tariffs on rapeseed imports, but only rapeseed oil and meal.
In an official statement, China&#8217;s customs authorities have criticized Canada&#8217;s unilateral imposition of tariffs, stating it &#8220;disregards objective facts and World&nbsp;Trade Organization rules, is a&nbsp;typical trade protectionist practice, constitutes&nbsp;a discriminatory measure against China,&nbsp;seriously infringes on China's legitimate&nbsp;rights and interests, and undermines&nbsp;China-Canada economic and trade relations.&#8221;
SEE ALSO: <a href="https://www.benzinga.com/markets/25/03/44213562/chamath-palihapitiya-calls-proposed-10-credit-card-interest-rate-cap-disruptive-as-trump-sanders-and-lawmakers-push-for-reform">Chamath Palihapitiya Calls Proposed 10% Credit Card Interest Rate Cap &#8216;Disruptive&#8217; As Trump, Sanders, And Lawmakers Push For Reform</a>
Why It Matters: This development highlights the increasing intensity of the trade wars. It comes in the wake of&nbsp;<a href="https://www.benzinga.com/25/03/44212152/mark-carney-takes-justin-trudeaus-job-as-canadas-new-pm-ready-to-face-trumps-tariff-threats-i-know-how-to-manage-crises">Mark Carney taking over as Canada&#8217;s Prime Minister</a>, tasked with navigating the nation through the challenges posed by tariffs imposed by Donald Trump. 
The new tariffs also follow&nbsp;<a href="https://www.benzinga.com/news/25/03/44102063/china-strikes-back-at-trumps-tariffs-with-retaliatory-duties-us-company-sanctions-and-wto-showdown">China&#8217;s forceful response</a>&nbsp;to President Donald Trump's recent tariff increases, including reciprocal tariffs on selected American goods, sanctions on U.S. companies, and plans to file a complaint with the World Trade Organization. This escalating trade war is likely to have significant implications for global economic and trade relations.
Dan Wang, China director at Eurasia Group in Singapore told Reuters, &#8220;By striking now, China reminds Canada of the cost of aligning too closely with American trade policy.&#8221;
On Monday, the rapeseed meal futures on the Zhengzhou Exchange surged 6% to 2,611 yuan ($360) per metric ton, marking the largest single-day increase since September 2022.
Meanwhile, rapeseed oil futures rose 5.2% to 9,213 yuan ($1,270) per ton.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/markets/25/03/44211409/bank-of-america-sounds-alarm-on-massive-data-breach-millions-could-be-affected-is-your-account-safe">Bank of America Sounds Alarm on Massive Data Breach, Millions Could Be Affected &#8211; Is Your Account Safe?</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.

China Hits Canada With Retaliatory Tariffs On Agriculture Goods Amid Intensifying Global Trade War

Mark Carney has won the Liberal Party leadership race to succeed Justin Trudeau as Canada&#8217;s prime minister, vowing to stand firm against U.S. President Donald Trump&#8217;s trade threats as tensions escalate <a href="https://www.benzinga.com/25/01/42806662/justin-trudeau-set-to-resign-as-prime-minister-of-canada-report">between the neighboring countries</a>.
What Happened: Carney, 59, the former governor of both the Bank of Canada and Bank of England, secured 85.9% of the vote in a landslide victory over rivals including former Finance Minister Chrystia Freeland, <a href="https://www.bbc.com/news/articles/c36wkg47z1po">reported</a> BBC. The political newcomer has never held elected office but brings significant financial and crisis <a href="https://in.benzinga.com/markets/25/03/44102599/canadian-pm-justin-trudeau-retaliates-with-25-tariffs-on-us-goods-amid-escalating-trade-war">management experience to the role</a>.
&#8220;Americans should make no mistake,&#8221; Carney said in his victory speech. &#8220;In trade, as in hockey, Canada will win.&#8221; He promised to maintain retaliatory tariffs on U.S. imports &#8220;until the Americans show us respect.&#8221;
The leadership transition comes amid escalating trade tensions after Trump <a href="https://www.benzinga.com/markets/25/03/44102599/canadian-pm-justin-trudeau-retaliates-with-25-tariffs-on-us-goods-amid-escalating-trade-war">imposed 25% tariffs on Canadian goods</a> last week, though some products were later exempted. Canada responded with reciprocal tariffs on C$155 billion ($109 billion) worth of U.S. imports.
&#8220;I know these are dark days,&#8221; Carney told supporters. &#8220;Dark days brought on by a country we can no longer trust.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/03/44212386/stock-futures-drop-as-reverse-trump-trade-takes-holdpeter-schiff-says-market-shift-long-overdue-and-will-likely-continue-for-a-decade" target="_blank" rel="noreferrer noopener">Stock Futures Drop As ‘Reverse Trump Trade' Takes Hold—Peter Schiff Says Market Shift ‘Long Overdue' And Will Likely Continue For A Decade</a>
Why It Matters: Carney&#8217;s economic platform includes pushing forward major energy projects like pipelines, investing in housing and clean energy, liberalizing inter-provincial trade, and diversifying <a href="https://www.benzinga.com/25/03/44212152/mark-carney-takes-justin-trudeaus-job-as-canadas-new-pm-ready-to-face-trumps-tariff-threats-i-know-how-to-manage-crises">Canada&#8217;s economy beyond U.S. dependence</a>. He also pledged to cap federal government size, which expanded by 40% under Trudeau.
Carney, who will lead a minority government, faces significant challenges beyond trade disputes, including Canada&#8217;s housing crisis and rising cost of living that contributed to Trudeau&#8217;s declining popularity.
The Harvard-educated former Goldman Sachs banker&#8217;s appointment marks a historic shift in Canadian politics as he becomes the first prime minister without prior <a href="https://www.benzinga.com/25/01/42806662/justin-trudeau-set-to-resign-as-prime-minister-of-canada-report">legislative or cabinet experience</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</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.

Economics

Canada's Next PM Mark Carney Vows To Win Trade War With Trump: 'Americans Should Make No Mistake'

Semiconductor contract manufacturer and design company Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported a 39.2% jump in its two-month revenue for January and February in 2025 as compared to the same period last year.
What Happened: TSM reported on Monday that its February 2025 revenue rose 43.1% to $7.911 billion or NT$260.01 billion from $5.527 billion or NT$181.648 from the same month in the last year. This was aided by the robust demand of its chips used for artificial intelligence applications worldwide. 
However, the company&#8217;s sales declined by 11.3% monthly as its January sales stood at $8.923 billion or NT$293.288.
Compared to the first two months of 2024, the sales rose by 39.2% in 2025 as the revenue increased from $12.092 billion or NT$397.433 billion to $16.835 billion or NT$553.297 billion for January and February combined.
See Also: <a href="https://www.benzinga.com/25/03/44213521/us-economic-slowdown-talk-of-the-town-says-economist-mohamed-el-erian-as-fed-chair-powell-reaffirms-growth-at-solid-pace">US Economic Slowdown &#8216;Talk Of The Town,&#8217; Says Economist Mohamed El-Erian As Fed Chair Powell Reaffirms Growth At &#8216;Solid Pace&#8217;</a>
Why It Matters: The Taiwanese company is a major supplier of U.S.-based chipmaker Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and it recently announced about $165 billion of investment in the U.S. to power the future of AI.
According to its press release, it plans to increase U.S. investment in advanced semiconductor manufacturing with three new fabs, two advanced packaging facilities, and an R&amp;D center.
Over the four years, TSMC&#8217;s investment will create 40,000 construction jobs, tens of thousands of high-tech jobs, and drive over $200 billion in U.S. economic impact over 10 years, benefiting key tech clients.
In addition to its newly announced manufacturing site in Phoenix, TSMC operates a fab in Camas, Washington, and design service centers in Austin, Texas, and San Jose, California.
Price Action: Taiwan Semiconductor&#8217;s stock on the Taipei exchange closed 0.70% lower at TWD 998 or $30.35, whereas it rose 0.71% to $177.10 in the U.S. on Friday.
The U.S. listed stock remains 12.14% lower on a year-to-date basis, however, it's up 27.39% over a year.
<a href="https://www.benzinga.com/quote/TSM/analyst-ratings">Benzinga tracks six analysts</a>&nbsp;with an average price target of $203.8&nbsp;for the stock, reflecting a "hold" rating. Estimates range widely from $89 to $255. Recent ratings from Barclays, and Needham average at $235, suggesting a potential 32.76% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSM/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="386" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10040540/TSM-ANR-1024x386.png" alt="" class="wp-image-816047" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10040540/TSM-ANR-1024x386.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10040540/TSM-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10040540/TSM-ANR-768x290.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/10040540/TSM-ANR.png 1060w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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, advanced on Friday. SPY gained 0.56% to $575.92, and QQQ was up 0.74% to $491.79, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44163029/mstr-short-interest-falls-453-but-technical-analysis-exhibit-mixed-signals-is-michael-saylors-strategy-poised-for-a-bounce-back">MSTR Short Interest Falls 4.53% But Technical Analysis Reveals Mixed Signals: Is Michael Saylor&#8217;s Strategy Poised For A Bounce Back?</a></li>
</ul>
Photo courtesy: Shutterstock

TSMC Rides AI Wave: Sales Surge 39% In First 2 Months Of 2025 On Higher Demand

Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) ("Greenwave" or the "Company"), today announced that its margins have expanded significantly due to surging prices for scrap steel –&nbsp; already up 20% since early February and expected to go higher – ahead of steel and aluminum import tariffs taking effect on March 12, 2025.
&nbsp;
Prices for Scrap Steel have Surged More than 20% the Past Month and are Expected to Go Higher
Greenwave operates 13 metal recycling facilities in Virginia, North Carolina, and Ohio, providing 100% domestically-sourced scrap metal to Nucor, Sims, Cleveland-Cliffs, Georgia-Pacific, alongst other industry titans.
Unlike country-specific tariffs which are often modified, metal import tariffs significantly strengthen America's national security and are expected to remain in effect for the foreseeable future.
Fortress of Licenses: A Competitive Moat
Greenwave&nbsp;holds a portfolio of highly coveted operational licenses for the Company's metal recycling facilities.&nbsp;These licenses, often protected by grandfathered municipal codes, provide significant barriers to entry to competitors in Greenwave's tightly regulated markets.
Key highlights include:
<ul>
<li>Norfolk, VA Facility: Positioned near the largest U.S. Naval Base, Greenwave's&nbsp;Norfolk&nbsp;facility benefits from a steady influx of prime scrap metal and holds one of the only Virginia Department of Motor Vehicles automotive recycler/demolisher licenses in the city.</li>
<li>Virginia Beach, VA Facility: Greenwave operates the sole metal recycling facility in the state's largest city,&nbsp;Virginia Beach, strategically located directly across the street from NAS Oceana Master Jet Base and the region's thriving industrial core.</li>
<li>Portsmouth, VA Facility: A cost-effective hub for domestic and international shipments due to its proximity to the Port of&nbsp;Virginia, the Company's&nbsp;Portsmouth&nbsp;facility holds a license protected by grandfathered regulations.</li>
</ul>
Positioning for a Strategic Transaction Greenwave recently acquired the real estate for seven of its core facilities –&nbsp;thus&nbsp;reducing the Company's annual rent expenses by approximately&nbsp;$1.7 million,&nbsp;enhancing cashflow and positioning the Company for&nbsp;potential high-value strategic transactions.
Upcoming Growth Catalysts Greenwave is set to benefit from the 2025 opening of&nbsp;Nucor Corporation's&nbsp;state-of-the-art steelmaking facility&nbsp;in&nbsp;Lexington,&nbsp;North Carolina(1).&nbsp;The facility's staggering&nbsp;430,000-ton annual processing capacity, consisting of nearly 100% recycled materials, will significantly increase regional demand for recycled steel(1).
Greenwave stands as&nbsp;one of&nbsp;North Carolina's&nbsp;largest suppliers of recycled steel, operating five metal recycling facilities and an industry-leading American Pulverizer 60x85 shredder.&nbsp;The Company has a proven track record of supporting Nucor's operations,&nbsp;supplying its&nbsp;Hertford&nbsp;mill with steel for critical applications, including bridges, heavy equipment, and warships vital to American national security interests, including the&nbsp;$13 billion&nbsp;USS Gerald Ford aircraft carrier

GWAV

Greenwave Expands Margins as Steel Prices Jump, Boosted by Naval Scrap Supply and Nucor Demand, Eyes Tariff Windfall and Strategic Deals

<h3>Companies Reporting Before The Bell</h3>
• Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) is expected to report quarterly earnings at $0.89 per share on revenue of $305.85 million. 
• BioNTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) is projected to report quarterly earnings at $0.37 per share on revenue of $1.15 billion. 
• UroGen Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URGN#NASDAQ">URGN</a>) is estimated to report quarterly loss at $0.72 per share on revenue of $25.25 million. 
• DarioHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIO#NASDAQ">DRIO</a>) is expected to report quarterly loss at $0.14 per share on revenue of $7.39 million. 
• Fennec Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FENC#NASDAQ">FENC</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $16.42 million. 
• Optical Cable (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCC#NASDAQ">OCC</a>) is estimated to report earnings for its first quarter. 
• Cohen &amp; Co (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/COHN#AMEX">COHN</a>) is expected to report earnings for its fourth quarter. 
• Aligos Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGS#NASDAQ">ALGS</a>) is projected to report quarterly loss at $3.67 per share on revenue of $433 thousand. 
• Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) is estimated to report earnings for its fourth quarter. 
• Rand Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAND#NASDAQ">RAND</a>) is expected to report earnings for its fourth quarter. 
• Telos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) is expected to report quarterly loss at $0.09 per share on revenue of $25.55 million. 
• NET Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) is likely to report earnings for its fourth quarter. 
• Willis Lease Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLFC#NASDAQ">WLFC</a>) is estimated to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Ramaco Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METCB#NASDAQ">METCB</a>) is projected to report earnings for its fourth quarter. 
• Ramaco Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METC#NASDAQ">METC</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $176.04 million. 
• Grupo Supervielle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPV#NYSE">SUPV</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $215.50 million. 
• One Group Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STKS#NASDAQ">STKS</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $239.77 million. 
• NCS Multistage Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCSM#NASDAQ">NCSM</a>) is likely to report earnings for its fourth quarter. 
• Lineage Cell Therapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LCTX#AMEX">LCTX</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.62 million. 
• Yalla Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALA#NYSE">YALA</a>) is projected to report earnings for its fourth quarter. 
• Douglas Elliman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOUG#NYSE">DOUG</a>) is expected to report quarterly loss at $0.08 per share on revenue of $233.65 million. 
• Great Elm Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GECC#NASDAQ">GECC</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $11.46 million. 
• Myomo (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MYO#AMEX">MYO</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $9.90 million. 
• Greenlight Capital Re (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLRE#NASDAQ">GLRE</a>) is projected to report earnings for its fourth quarter. 
• Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is likely to report quarterly earnings at $1.49 per share on revenue of $14.39 billion. 
• Coherus BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRS#NASDAQ">CHRS</a>) is likely to report quarterly loss at $0.18 per share on revenue of $43.88 million. 
• Redwire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) is likely to report quarterly loss at $0.18 per share on revenue of $75.58 million. 
• TruBridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBRG#NASDAQ">TBRG</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $84.38 million. 
• Quanex Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NX#NYSE">NX</a>) is likely to report quarterly loss at $0.05 per share on revenue of $384.99 million. 
• Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) is likely to report quarterly loss at $0.07 per share on revenue of $158.36 million. 
• Viemed Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMD#NASDAQ">VMD</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $59.40 million. 
• LifeMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $57.34 million. 
• Seaport Entertainment (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SEG#AMEX">SEG</a>) is likely to report earnings for its fourth quarter. 
• Limbach Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMB#NASDAQ">LMB</a>) is likely to report quarterly earnings at $0.77 per share on revenue of $149.37 million. 
• PLAYSTUDIOS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYPS#NASDAQ">MYPS</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $67.73 million. 
• Gaia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAIA#NASDAQ">GAIA</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $23.78 million. 
• System1 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SST#NYSE">SST</a>) is expected to report quarterly loss at $0.23 per share on revenue of $91.28 million. 
• Mission Produce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $272.00 million. 
• StandardAero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SARO#NYSE">SARO</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $1.37 billion. 
• Paymentus Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $222.06 million. 
• HighPeak Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPK#NASDAQ">HPK</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $246.32 million. 
• PGIM ETF Trust PGIM Portfolio Ballast ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/PBL#BATS">PBL</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $147.18 million. 
• Hesai Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $121.19 million. 
• Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is projected to report quarterly earnings at $6.36 per share on revenue of $1.14 billion. 
• Mobile Infrastructure (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BEEP#AMEX">BEEP</a>) is likely to report earnings for its fourth quarter. 
• Auna (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUNA#NYSE">AUNA</a>) is expected to report quarterly earnings at $0.13 per share on revenue of $296.50 million. 
• Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is expected to report quarterly loss at $0.01 per share on revenue of $187.84 million. 
• Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $50.08 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ALGS

ASAN

AUNA

Mobile Infrastructure Corporation Common Stock

BEEP

BNTX

CHRS

COHN

CVGI

DOUG

DRIO

FENC

GAIA

GECC

GLRE

HSAI

LCTX

LFMD

METC

Ramaco Resources, Inc. - Class B Common Stock

METCB

MYPS

NCSM

NPWR

ORCL

RAND

SARO

STKS

SUPV

TBRG

URGN

WLFC

YALA

Earnings Scheduled For March 10, 2025

The Company intends to use the net proceeds of any sales of Common Shares under the ATM Program for the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, as well as for product development, with the remainder, if any, for general corporate purposes.
 &nbsp;

Reported Friday, GreenPower Enters Sales Agreement With Roth Capital For $850K ATM Offering To Fund BEAST And EV Star EV Production

At week 24, 42.3% of patients in the higher dose group achieved ≥75% reduction from baseline in Eczema Area and Severity Index score (EASI-75), a 29.5% difference vs. placebo (p &lt; 0.001). In the lower dose group, 36.3% of patients achieved EASI-75, a 23.4% difference vs. placebo (p &lt; 0.001).
In the higher dose group, 23.6% of patients achieved a validated Investigator's Global Assessment for Atopic Dermatitis (vIGA-ADTM) score of 0 (clear) or 1 (almost clear) with a ≥2-point reduction from baseline (vIGA-AD 0/1) at week 24, representing a 14.9% difference vs. placebo (p &lt; 0.001). In the lower dose group, 19.1% of patients achieved this endpoint, a 10.3% difference vs. placebo (p = 0.002).
In addition, IGNITE met the endpoint of revised Investigator's Global Assessment (rIGATM) score of 0/1 with a ≥2-point reduction from baseline, a more stringent measure of efficacy than vIGA-AD 0/1. At week 24, 22.7% of patients in the higher dose group achieved this endpoint, a 14.4% difference vs. placebo (p &lt; 0.001). In the lower dose group, 16.3% of patients achieved this endpoint, an 8.0% difference vs. placebo (p = 0.01).

AMGN

Reported Saturday, Amgen And Kyowa Kirin's Rocatinlimab Delivers Up To 42.3% EASI-75 Response At Week 24 In Phase 3 IGNITE Trial

The Company reported an operating loss of $2.1 million ($0.08 per share) versus a $3.4 million loss in the same quarter of 2023 ($0.18 per share).
The operating loss for the full year 2024 was $8.8 million ($0.35 per share) versus $18.5 million ($1.01 per share) in 2023.
CEO Thomas DeRosa noted that AppTech underwent significant organizational changes in the fourth quarter when a new investor group committed $5 million to improve the Company's operations; established voting control of the Board of Directors and replaced certain key executives including the CEO and CFO. New CFO Felipe Corrado stated "We are encouraged by the organizational and operating improvements made in the fourth quarter. We bolstered our capital position, reduced expenses and narrowed our focus solely to several potentially near-term and profitable customers."

APCX

Reported Friday, Apptech Posted Q4 Loss Of $0.08 Per Share, Up From Loss Of $0.18 Per Share YoY, Signaling Continued Progress On Cost Efficiency And Capital Reinforcement

The Trump administration is reportedly in discussions with four different groups regarding&nbsp;the sale of the Chinese short video platform, TikTok.
What Happened: On Sunday, U.S. President Donald Trump confirmed that his administration was communicating with four different groups regarding the sale of TikTok, reported Reuters. TikTok&#8217;s future has been uncertain since a Biden-administration law, that requires its owner, ByteDance, to either sell the platform on national security grounds by Apr 5 or risk a ban, came into effect on Jan 19.
President Trump, after assuming office on Jan. 20, signed an executive order aiming to postpone the law&#8217;s enforcement by 75 days. When asked if a deal on TikTok was imminent, Trump told reporters while on board Air Force One, &#8220;It could.&#8221; 
&#8220;We&#8217;re dealing with four different groups, and a lot of people want it &#8230; all four are good,&#8221; he added.
Although ByteDance has not expressed any interest in selling TikTok's U.S. operations, CEO Chew Shou Zi met with Trump at Mar-a-Lago in December and was also present at his inauguration ceremony.
SEE ALSO: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44212362/bitcoin-ethereum-and-dogecoin-crash-as-trump-refuses-to-rule-out-recession-arthur-hayes-predicts-btc-to-retest-78000">Bitcoin, Ethereum And Dogecoin Crash As Trump Refuses To Rule Out Recession: Arthur Hayes Predicts BTC To Retest $78,000</a>
Why It Matters: The potential sale of TikTok comes amid growing tensions between the U.S. and China over data security. The uncertainty at TikTok has also attracted several potential buyers, including Frank McCourt, former owner of the Los Angeles Dodgers. McCourt&#8217;s bid for TikTok&#8217;s U.S. operations has been bolstered by the addition of Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) co-founder and venture capitalist Alexis Ohanian as a strategic adviser for Project Liberty, <a href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner">known as &#8220;The People&#8217;s Bid&#8221;</a>.  
YouTube&nbsp;star&nbsp;MrBeast and tech entrepreneur Jesse Tinsley are some of the other bidders. Notably, Trump has also suggested the name of Larry Ellison, the founder of Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>). Analysts estimate the fast-growing business&nbsp;could be worth as much&nbsp;as $50 billion.
Interestingly, Elon Musk, the owner of the X social network, has stated that he is not interested.
Trump&#8217;s comments come on the heels of TikTok <a href="https://www.benzinga.com/markets/emerging-markets/25/02/44040537/tiktok-invests-8-8-billion-in-thailand-data-centers-bypassing-us-china-tech-tensions">committing $8.8 billion </a>in data centers in Thailand over five years, bypassing US-China tech tensions.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/25/03/44213521/us-economic-slowdown-talk-of-the-town-says-economist-mohamed-el-erian-as-fed-chair-powell-reaffirms-growth-at-solid-pace">US Economic Slowdown &#8216;Talk Of The Town,&#8217; Says Economist Mohamed El-Erian As Fed Chair Powell Reaffirms Growth At &#8216;Solid Pace&#8217;</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.

RDDT

US Courts New Buyers For TikTok As Deal Deadline Approaches: 'All Four Are Good,' Says Trump

Logility previously announced on January 24, 2025 that it had entered into a definitive agreement to be acquired by Aptean, Inc. ("Aptean") for $14.30 per share in an all-cash transaction (the "Aptean Merger Agreement"). The Logility Board of Directors has determined that the Unsolicited Proposal would reasonably be expected to lead to a superior proposal under the terms of the Aptean Merger Agreement. As a result of the Logility Board of Directors' determination, Logility may, under the terms of the Aptean Merger Agreement, engage in discussions with the unsolicited bidder based on the Unsolicited Proposal and Logility intends to do so.
The Aptean Merger Agreement remains in full force and effect, and the Logility Board of Directors reaffirms its existing recommendation that Logility's shareholders vote in favor of the transaction with Aptean.

LGTY

Reported Friday, Logility Confirms $15.00 Unsolicited Offer Under Review; Board Says Proposal May Be Superior To Aptean Agreement

<ul>
<li>Projects aim to be responsive to the energy needs of data centers by offering an abundant supply of operational power within two years</li>
<li>Projects target the provision of on-site, continuous, and scalable power generation, and securing data center uptime even in volatile market conditions</li>
<li>The partnership would involve innovative capital structuring coupled with environmental credit cash flow generation from the fuel cell platforms and coal mine methane (CMM)</li>
<li>Clean fuel cell technology can reduce the carbon footprint of data center and other high-volume electrical off-takers</li>
<li>Projects aspire to create jobs and other economic benefits focused on the Appalachian region</li>
</ul>

FCEL

Diversified, FuelCell Energy And TESIAC Form Acquisition And Development Company T Deliver Net-Zero Power For Data Centers

CONSOLIDATED NET REVENUES (UNAUDITED)
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Jan</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">44,961</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">49,444</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">39,751</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">-9.1&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+13.1&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Jan</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,374</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,506</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,269</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">-8.8&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+8.3&nbsp;%</td>
</tr>
</tbody>
</table>
</figure>
Net revenues for ATM assembly, testing and material business are as follows:
ATM NET REVENUES (UNAUDITED)
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Jan</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">27,332</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">28,137</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">23,291</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">-2.9&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+17.3&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Jan</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">835</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">857</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">744</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">-2.5&nbsp;%</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">+12.3&nbsp;%</td>
</tr>
</tbody>
</table>
</figure>

ASE Technology Reported February 2025 Revenue Of $1.37B, Up 8.3% YoY; ATM Revenue Of $835M, Up 12.3% YoY

Billionaire investor Chamath Palihapitiya believes a proposed 10% cap on credit card interest rates would significantly disrupt the financial services industry while potentially benefiting consumers.
What Happened: &#8220;This would be phenomenally disruptive,&#8221; Palihapitiya wrote Sunday on X. &#8220;Would force everyone who can embrace ultra low cost rails to emerge. Incumbents would be in trouble for sure.&#8221;
Palihapitiya was responding to news that Congresswoman Anna Luna (R-FL) is working with Rep. Alexandria Cortez (D-NY) on legislation to cap credit card interest rates at 10%.
His comments come as President Donald Trump and Sen. Bernie Sanders (I-VT) have independently supported similar proposals. Sanders announced plans to introduce legislation <a href="https://www.benzinga.com/markets/equities/24/12/42737402/bernie-sanders-supports-trumps-credit-card-interest-rate-cap-at-10-amid-highest-defaults-since-2008-visa-and-mastercard-trade-in-the-red">backing Trump&#8217;s 10% cap idea</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This would be phenomenally disruptive. <a href="https://t.co/3mb8fZfyh3">https://t.co/3mb8fZfyh3</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1898778255332905401?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think opposite. Would force everyone who can embrace ultra low cost rails to emerge. Incumbents would be in trouble for sure.
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1898790966091489749?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The initiative gains significance as credit card defaults reach their highest levels since the 2008 financial crisis. U.S. credit card lenders wrote off $46 billion in seriously delinquent loan balances during the first nine months of 2024, a 50% increase year-over-year, <a href="https://www.benzinga.com/24/12/42721109/mark-cuban-once-said-credit-card-users-dont-want-to-be-rich-now-us-credit-card-defaults-have-skyrocketed-to-highest-levels-since-2008-financial-crisis">according to BankRegData</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/03/44212386/stock-futures-drop-as-reverse-trump-trade-takes-holdpeter-schiff-says-market-shift-long-overdue-and-will-likely-continue-for-a-decade" target="_blank" rel="noreferrer noopener">Stock Futures Drop As ‘Reverse Trump Trade&#8217; Takes Hold—Peter Schiff Says Market Shift ‘Long Overdue&#8217; And Will Likely Continue For A Decade</a>
Why It Matters: While Palihapitiya acknowledged he &#8220;generally hate[s] price controls,&#8221; he expressed support for &#8220;ultra low cost rails in financial services.&#8221; His view contrasts with industry warnings that such caps could restrict credit access for lower-income Americans.
Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), the nation&#8217;s third-largest credit card lender, reported its credit card write-off rate increased to 6.1% in November, up from 5.2% a year ago.
The current average credit card interest rate stands at 21.5%, according to Federal Reserve data, <a href="https://www.benzinga.com/personal-finance/24/09/41024812/trumps-bold-plan-limit-credit-card-interest-rates-to-10-but-could-this-move-lead-to-dangerous-pr">more than double the proposed cap</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</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.

Chamath Palihapitiya Calls Proposed 10% Credit Card Interest Rate Cap 'Disruptive' As Trump, Sanders, And Lawmakers Push For Reform

Valens Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLN#NYSE">VLN</a>), a leader in high-performance connectivity,&nbsp;today&nbsp;announced that it will display its innovative connectivity technology required for various AI applications at Embedded World 2025. Valens will display demonstrations in collaboration with a variety of companies, all offering the machine vision market cutting-edge solutions based on Valens' standard-compliant chipsets. These companies include Leopard Imaging, Acroname, Airy3D, Cherry Embedded Solutions, D3 Embedded, Fabrimex, Framos, Intel, RGo Robotics, and Teledyne e2v.

INTC

Valens Teams With Intel, Teledyne, and Others to Power Next-Gen Machine Vision Solutions, To Showcase AI-Driven Connectivity Tech at Embedded World 2025

VMAR

Vision Marine Technologies Announced The Filing Of A New Patent Application With Kennedy Lenart Spraggins, For Adaptive Control Of A Water Pump In A Marine Propulsion System

<ul>
<li>ESK-001 is a highly selective, next-generation oral tyrosine kinase 2 (TYK2) inhibitor currently under development in moderate-to-severe plaque psoriasis and systemic lupus</li>
<li>Phase 2 OLE data of ESK-001 at 40 mg BID demonstrated sustained or increasing clinical responses through week 52 on PASI 90, PASI 100, and sPGA 0</li>
<li>ESK-001 was generally well-tolerated at one year, with no new safety findings</li>
<li>Data further support ESK-001's potential to offer a highly differentiated and best-in-class treatment option for people with moderate-to-severe plaque psoriasis
<ul>
<li>Phase 3 ONWARD program ongoing with topline data expected in Q1 2026</li>
</ul>
</li>
</ul>

ALMS

Reported Saturday, Alumis' ESK-001 Demonstrates Sustained PASI 90 And PASI 100 Responses At Week 52 In Phase 2 Psoriasis Study

<ul>
<li>Standout combination of complete skin clearance and favorable safety profile in a once daily pill could shift treatment paradigm</li>
<li>Nearly half of patients with moderate-to-severe plaque psoriasis (PsO) treated with investigational icotrokinra achieved completely clear skin (IGA 0) at Week 24 in Phase 3 ICONIC-LEAD</li>
<li>Topline results from Phase 3 ICONIC-ADVANCE 1&amp;2&nbsp;studies show icotrokinra achieved co-primary endpoints and showed superiority to deucravacitinib in moderate-to-severe plaque PsO</li>
<li>These results pave the way to initiate the first-ever head-to-head study seeking to demonstrate the superiority of a pill versus injectable biologic in moderate-to-severe plaque PsO</li>
</ul>

Reported Saturday, Johnson & Johnson's Icotrokinra Achieves Complete Skin Clearance In 46% Of Patients At Week 24, Showing Potential To Redefine Psoriasis Treatment

Economist Mohamed El-Erian highlighted the risks of an economic slowdown as Federal Reserve Chairman Jerome Powell reiterated that the economy was growing at a &#8220;solid pace&#8221; during his Friday address at the University of Chicago.
What Happened: During a podcast with Forward Guidance, the chief economic advisor at Allianz, El-Erian underscored &#8220;two disturbing data&#8221; sets on the stagflation side.
This included a fall in February&#8217;s ISM Manufacturing New Orders Index, which contracted to 48.6% after expanding for three months, indicating a weakening demand and a decline in new orders compared to the previous month.
The other data set highlighted by El-Erian included February&#8217;s job report, wherein nonfarm payrolls increased by 151,000 and the unemployment rate rose to 4.1%, the highest in 3.5 years, thus inducing uncertainty in the labour market. However, &#8220;one qualification is the slip in labor force participation,&#8221; from 62.6% to 62.4%, according to him.
&#8220;So the concern that we all have, is that while growth is slowing down, companies will feel that they need to pass on the higher costs into higher prices, of course that&#8217;s why tariffs play a major role because people are worried that it won&#8217;t be a once and for all effect, it may be a repeated effect, so there&#8217;s a price level and then there&#8217;s an inflation effect,&#8221; he said.
Economic slowdown was &#8220;the talk of the town,&#8221; El-Erian said while highlighting lower oil prices, negative stock futures, lower yields, and a weaker dollar on Monday.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The possibility of lower US economic growth is now the talk of the town, amplified by this weekend's remarks from high-level officials. As you would expect, the market impact so far this early morning in Asian trading includes lower oil prices (with Brent again joining WTI below… <a href="https://t.co/egyftI2GpR">pic.twitter.com/egyftI2GpR</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1898950253325279263?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, President Donald Trump did not rule out a recession this year, acknowledging potential short-term turbulence from his economic agenda but expressing confidence in future prosperity. In a Fox News interview, he said, "I hate to predict things like that" and called the changes "very big."
See Also: <a href="https://www.benzinga.com/government/regulations/25/03/44160833/us-dollar-weakness-a-symptom-not-cause-argues-expert-as-economist-hails-devaluation-to-restore-global-growth">US Dollar Weakness A &#8216;Symptom Not Cause,&#8217; Argues Expert As Economist Hails Devaluation To &#8216;Restore Global Growth&#8217;</a>
Why It Matters: Despite the looming uncertainties and the difficulty of businesses to chart their way forward, Fed Chair Powell <a href="https://www.federalreserve.gov/newsevents/speech/powell20250307a.htm">said</a>, &#8220;The U.S. economy continues to be in a good place.&#8221;
He reaffirmed that the labor market is solid, and inflation has moved closer to the 2% longer-run goal. &#8220;At the Federal Reserve, we are intently focused on the dual-mandate goals given to us by Congress: maximum employment and stable prices,&#8221; Powell said.
Outlining the future course of action, he said that if inflation doesn&#8217;t fall to the 2% goal, the Fed will maintain policy restraint for longer and if the labor market weakens, the Fed will ease the policy accordingly.
Talking about the rate cuts, El-Erian added that he sees one cut and not three cuts in 2025 because of the persistent inflation and how the Fed is unlikely to &#8220;look through&#8221; that issue, the way they did in 2021.
Price Action: Futures of the Dow Jones slipped to 0.38%, whereas S&amp;P 500 and Nasdaq 100 declined by 0.49% and 0.61% respectively. Crude Oil WTI Futures dropped 0.51% to $66.7, the dollar index spot was down to the 103.816 level and the 10-year Treasury bonds yielded 4.29% as of 2:18 a.m., EDT.
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, advanced on Friday. SPY gained 0.56% to $575.92, and QQQ was up 0.74% to $491.79, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/03/44159401/rigetti-claims-leadership-in-quantum-computing-race-aims-to-scale-to-100-qubits-as-it-looks-to-catch-up-with-ibm-google">Rigetti Asserts &#8216;Leadership&#8217; In Quantum Computing Race, Aims To Scale To 100 Qubits As It Looks To Catch Up With IBM, Google</a></li>
</ul>
Photo courtesy: Federal Reserve

Federal Reserve

US Economic Slowdown 'Talk Of The Town,' Says Economist Mohamed El-Erian As Fed Chair Powell Reaffirms Growth At 'Solid Pace'

Entertainment

Press Releases

General

Cineverse Expanding Content Partnership with Fubo Adding Three New FAST Channels

"The Joy of Painting with Nicholas Hankins: Bob Ross' Unfinished Season" Comes to Cineverse's The Bob Ross Channel on February 3

hoopla Digital Expands Partnership with Cineverse Launching Five New BingePasses

Learn Your Love Language This Valentine's Day with Streaming Programming on Cineverse's Dove Channel and More

Cineverse to Report Third Quarter Fiscal 2025 Financial Results on Thursday, February 13, 2025

Contracts

Cineverse Signs Highlander Franchise Digital Rights Deal with Davis-Panzer Productions

Cineverse Acquires North American Rights to Wolf Creek: Legacy, the Hotly Anticipated Third Installment of the Outback Slasher Franchise, From Architect Global

Cineverse Reports Third Quarter Fiscal Year 2025 Results

Cineverse's Publishing Arm Bloody Press to Release Terrifier 3 Novelization in 2025

Cineverse and Leading Comedy Club Brand The Stand Group to Launch WITZ Podcast Network Through New Development and Distribution Pact

CNVS

FUBO

AMC Entertainment Holdings, Inc. Class A Common Stock

AMC Entertainment Hldgs

Anghami

Brera Holdings PLC - Class B Ordinary Shares

Brera Holdings

Pop Culture Group Co., Ltd - Class A Ordinary Shares

Pop Culture Gr

CuriosityStream Inc. - Class A Common Stock

CuriosityStream

Dolphin Entertainment, Inc. - Common Stock

Dolphin Entertainment

Eventbrite

Gaia

Global Mofy AI Limited - Class A Ordinary Shares

Global Mofy AI

Kuke Music Holding Limited American Depositary Shares, each representing one Ordinary Share

Comments

Cineverse

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL