Últimas noticias sobre Corteva (NYSE:CTVA) Bolsa

Corteva

Corteva is an agricultural inputs pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop protection products. Seeds generate the majority of profits with the remainder coming from crop protection products. Corteva operates globally, but around half of revenue comes from North America.

Corteva Inc

ALGM

Reported Earlier, The Allegro Board Of Directors Reviewed The Unsolicited Acquisition Proposal From Onsemi For $35.10 Per Share, In Consultation With Its Independent Financial And Legal Advisors, And Determined That The Proposal Was Inadequate

News

QGEN

QIAGEN Announced That The U.S. Food And Drug Administration (FDA) Has Cleared The QIAstat-Dx Gastrointestinal Panel 2 Mini B For Clinical Use, Further Strengthening Its Syndromic Testing Portfolio In The United States

Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) CEO Kelly Ortberg expects forthcoming employee feedback to deliver a harsh reality check to the aerospace <a href="https://www.benzinga.com/25/02/43865891/elon-musks-involvement-key-to-solving-boeings-air-force-one-delivery-crisis-report">giant&#8217;s management team</a>.
What Happened: The CEO warned that the recent survey results will likely be &#8220;brutal to leadership,&#8221; according to a partial transcript of a company-wide meeting seen by Reuters.
The candid admission came during an all-hands webcast from St. Louis on Wednesday, where Ortberg outlined his diagnosis of the troubled manufacturer&#8217;s deep-seated cultural problems. The February survey, which garnered responses from an impressive 82% of Boeing&#8217;s workforce, forms a crucial part of Ortberg&#8217;s strategy to transform the company&#8217;s organizational dysfunction.
&#8220;We&#8217;re very insular&#8221; and &#8220;we don&#8217;t communicate across boundaries,&#8221; Ortberg told employees. &#8220;Teams don&#8217;t work with each other as well as we could, and the power of the Boeing Company is in us all kind of rowing the boat together.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: This unflinching acknowledgment of leadership failures comes as Boeing <a href="https://www.benzinga.com/news/earnings/25/01/43179806/boeing-stock-falls-on-preliminary-q4-results-the-details">struggles to recover</a> from nearly $12 billion in losses during 2024 and persistent production issues with its 737 MAX, 787, and several defense programs, including the delayed Air Force One replacements.
Since taking the helm in August after Dave Calhoun&#8216;s departure, Ortberg has established a culture working group composed of employees from across the company to examine its values and behaviors. The CEO plans to use the survey results, however uncomfortable they might be for executives, to develop a comprehensive action plan.
Paradoxically, despite the company&#8217;s struggles and ongoing workforce reductions <a href="https://www.benzinga.com/25/02/43865891/elon-musks-involvement-key-to-solving-boeings-air-force-one-delivery-crisis-report">targeting about 10% of its 170,000 employees</a>, Ortberg expressed surprise at Boeing&#8217;s low attrition rate. &#8220;The fact that we don&#8217;t have huge attrition in the company, given what we&#8217;ve been through, is shocking,&#8221; he said. 
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He&#8217;d Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment&#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.

Equities

Markets

Boeing CEO Warns Of 'Brutal' Employee Survey Results, Kelly Ortberg Admits Deep Cultural Problems Amid Struggles To Recover From $12 Billion Loss

Earnings

EDVMF

Endeavour Mining Q4 Adj. EPS $0.45 Vs $0.17 YoY, Revenue $941M Up From $579M YoY

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is offering free supercharging upon taking delivery of a new foundation series Cybertruck from its inventory in both Mexico and Canada, in a likely bid to make the expensive truck more appealing to customers.
What Happened: Tesla says on its website that the order must be placed on or after March 5 for the offer. The offer is valid till the customer&#8217;s ownership of the vehicle and cannot be transferred. 
Supercharger fees like idle and congestion fees will continue to be applicable, the company noted. 
The Cybertruck is one of Tesla&#8217;s most expensive offerings. In Mexico, the truck starts at around 1.95 million Mexican pesos while in Canada, it starts at C$114,990 for the base version.
The Cyberbeast variant of the truck is priced higher.
Why It Matters: Tesla is also offering discounts to entice Cybertruck buyers in the U.S. The company is now offering discounts up to $6000 on model year 2024 foundation series Cybertrucks and $4000 on non-foundation series Cybertrucks in its inventory.
Tesla CEO Elon Musk previously said that the company is eyeing a production rate of&nbsp;<a href="https://www.benzinga.com/24/12/42262279/a-year-after-teslas-first-cybertruck-deliveries-the-truck-has-a-long-way-to-go-to-meet-musks-goals" target="_blank" rel="noreferrer noopener">250,000 Cybertrucks a year</a>&nbsp;in 2025. However, this number is unlikely according to Tesla researcher Troy Teslike, who tracks the company&#8217;s production and delivery numbers, owing to poor demand. 
&#8220;The order backlog is gone. Tesla ended 2024 with 10,600 unsold Cybertrucks because of too much production and low demand,&#8221; the researcher said earlier in February while also dismissing the possibility of a cheaper Cybertruck variant launch this year.
&#8220;A cheaper Cybertruck this year is unlikely because the Cybertruck is not profitable. A cheaper version would make things worse,&#8221; he said.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44101333/fords-mustang-mach-e-leads-companys-us-ev-sales-in-feb-but-trump-tariffs-threaten-future" target="_blank" rel="noreferrer noopener">Ford&#8217;s Mustang Mach-E Leads Company&#8217;s US EV Sales In Feb But Trump Tariffs Threaten Future</a></li>
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Photo courtesy: Shutterstock

Tech

TSLA

Tesla Offers Lifetime Free Supercharging On Foundation Series Cybertruck Purchases In Canada, Mexico

United Microelectronics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>, TWSE: 2303))) ("UMC"), today reported unaudited net sales for the month of February 2025.
Revenues for February 2025
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Period</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">Y/Y Change</td>
<td colspan="1" rowspan="1">Y/Y (%)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">February</td>
<td colspan="1" rowspan="1">18,193,515</td>
<td colspan="1" rowspan="1">17,451,268</td>
<td colspan="1" rowspan="1">742,247</td>
<td colspan="1" rowspan="1">4.25%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Jan.-Feb.</td>
<td colspan="1" rowspan="1">38,000,310</td>
<td colspan="1" rowspan="1">36,464,965</td>
<td colspan="1" rowspan="1">1,535,345</td>
<td colspan="1" rowspan="1">4.21%</td>
</tr>
</tbody>
</table>
</figure><figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(&#x2A;) All figures in thousands of New Taiwan Dollars (NT$), except for percentages</td>
</tr>
</tbody>
</table>
</figure>

United Microelectronics Reported February Revenue Growth Of 4.25% YoY

<h3>Companies Reporting Before The Bell</h3>
• Priority Tech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTH#NASDAQ">PRTH</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $227.93 million. 
• KVH Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KVHI#NASDAQ">KVHI</a>) is projected to report quarterly loss at $0.07 per share on revenue of $28.12 million. 
• Dingdong (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDL#NYSE">DDL</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $793.81 million. 
• Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) is likely to report quarterly earnings at $0.43 per share on revenue of $40.15 million. 
• Dynagas LNG Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLNG#NYSE">DLNG</a>) is estimated to report quarterly earnings at $0.28 per share on revenue of $38.34 million. 
• ALX Oncology Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALXO#NASDAQ">ALXO</a>) is likely to report earnings for its fourth quarter. 
• Ranpak Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACK#NYSE">PACK</a>) is expected to report quarterly loss at $0.02 per share on revenue of $100.41 million. 
• VerifyMe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRME#NASDAQ">VRME</a>) is likely to report quarterly loss at $0.04 per share on revenue of $8.21 million. 
• Xeris Biopharma Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XERS#NASDAQ">XERS</a>) is likely to report quarterly loss at $0.05 per share on revenue of $60.00 million. 
• Stevanato Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $352.00 million. 
• Phathom Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) is projected to report quarterly loss at $1.07 per share on revenue of $26.04 million. 
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) is likely to report earnings for its third quarter. 
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $401.10 million. 
• Turning Point Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPB#NYSE">TPB</a>) is projected to report quarterly earnings at $0.75 per share on revenue of $102.27 million. 
• Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is estimated to report quarterly earnings at $1.91 per share on revenue of $7.84 billion. 
• Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) is likely to report quarterly earnings at $3.76 per share on revenue of $3.29 billion. 
• Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is expected to report quarterly earnings at $1.09 per share on revenue of $34.87 billion. 
• Mind Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNMD#NASDAQ">MNMD</a>) is projected to report earnings for its fourth quarter. 
• JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $45.16 billion. 
• Delcath Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $12.42 million. 
• Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $836.96 million. 
• GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is projected to report quarterly earnings at $1.40 per share on revenue of $1.29 billion. 
• Superior Industries Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUP#NYSE">SUP</a>) is expected to report quarterly loss at $0.60 per share on revenue of $300.28 million. 
• Evogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGN#NASDAQ">EVGN</a>) is expected to report quarterly loss at $0.73 per share on revenue of $3.62 million. 
• Marex Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRX#NASDAQ">MRX</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $370.82 million. 
• ProFrac Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACDC#NASDAQ">ACDC</a>) is likely to report quarterly loss at $0.23 per share on revenue of $498.50 million. 
• Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) is expected to report quarterly earnings at $0.63 per share on revenue of $1.01 billion. 
• Sunrise Realty Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNS#NASDAQ">SUNS</a>) is projected to report earnings for its fourth quarter. 
• Vanguard Extended Duration Treasury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDV#NYSE">EDV</a>) is projected to report earnings for its fourth quarter. 
• BrightSpring Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTSG#NASDAQ">BTSG</a>) is likely to report quarterly earnings at $0.20 per share on revenue of $2.95 billion. 
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $273.39 million. 
• BlackSky Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKSY#NYSE">BKSY</a>) is projected to report quarterly loss at $0.26 per share on revenue of $34.23 million. 
• Distribution Solns Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGR#NASDAQ">DSGR</a>) is likely to report quarterly earnings at $0.33 per share on revenue of $463.80 million. 
• Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $98.75 million. 
• Polestar Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) is expected to report quarterly loss at $0.15 per share on revenue of $634.04 million. 
• Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $8.90 billion. 
• Real Brokerage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAX#NASDAQ">REAX</a>) is likely to report quarterly loss at $0.05 per share on revenue of $282.20 million. 
• Myers Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYE#NYSE">MYE</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $203.10 million. 
• TORM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMD#NASDAQ">TRMD</a>) is expected to report quarterly earnings at $0.74 per share on revenue of $280.86 million. 
• BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) is expected to report quarterly earnings at $0.86 per share on revenue of $5.30 billion. 
<h3>Companies Reporting After The Bell</h3>
• Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $335.35 million. 
• Lexicon Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $6.48 million. 
• DXP Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXPE#NASDAQ">DXPE</a>) is estimated to report quarterly earnings at $0.86 per share on revenue of $431.00 million. 
• Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) is projected to report earnings for its fourth quarter. 
• Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $2.37 million. 
• Research Frontiers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFR#NASDAQ">REFR</a>) is expected to report earnings for its fourth quarter. 
• Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $31.97 million. 
• Xtant Medical Hldgs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/XTNT#AMEX">XTNT</a>) is projected to report quarterly loss at $0.02 per share on revenue of $31.80 million. 
• Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) is likely to report earnings for its fourth quarter. 
• ModivCare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MODV#NASDAQ">MODV</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $717.27 million. 
• Comstock (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LODE#AMEX">LODE</a>) is projected to report quarterly loss at $0.20 per share on revenue of $700 thousand. 
• Marchex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHX#NASDAQ">MCHX</a>) is likely to report quarterly loss at $0.02 per share on revenue of $12.01 million. 
• GEN Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GENK#NASDAQ">GENK</a>) is likely to report quarterly loss at $0.03 per share on revenue of $49.77 million. 
• CytomX Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $13.53 million. 
• Atea Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVIR#NASDAQ">AVIR</a>) is estimated to report earnings for its fourth quarter. 
• National CineMedia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCMI#NASDAQ">NCMI</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $83.72 million. 
• Fidus Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDUS#NASDAQ">FDUS</a>) is estimated to report quarterly earnings at $0.52 per share on revenue of $36.66 million. 
• Molecular Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOLN#NASDAQ">MOLN</a>) is estimated to report quarterly loss at $1.61 per share on revenue of $5.00 million. 
• IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) is expected to report earnings for its second quarter. 
• Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $119.46 million. 
• Arcturus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCT#NASDAQ">ARCT</a>) is estimated to report quarterly loss at $0.51 per share on revenue of $45.92 million. 
• Serve Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) is expected to report quarterly loss at $0.13 per share on revenue of $254 thousand. 
• Clarus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLAR#NASDAQ">CLAR</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $69.03 million. 
• Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $285.83 million. 
• Elutia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELUT#NASDAQ">ELUT</a>) is likely to report quarterly loss at $0.25 per share on revenue of $6.40 million. 
• MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $78.53 million. 
• Asure Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASUR#NASDAQ">ASUR</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $30.82 million. 
• BigBear.ai Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) is projected to report quarterly loss at $0.05 per share on revenue of $54.17 million. 
• Traeger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOK#NYSE">COOK</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $164.62 million. 
• Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) is projected to report quarterly loss at $0.16 per share on revenue of $78.00 million. 
• AerSale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLE#NASDAQ">ASLE</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $91.78 million. 
• Guild Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHLD#NYSE">GHLD</a>) is projected to report quarterly earnings at $0.37 per share on revenue of $272.74 million. 
• Hudson Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDSN#NASDAQ">HDSN</a>) is expected to report quarterly loss at $0.02 per share on revenue of $37.96 million. 
• a.k.a. Brands Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) is projected to report quarterly loss at $0.23 per share on revenue of $154.49 million. 
• American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $56.78 million. 
• Funko (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $285.79 million. 
• Gevo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) is likely to report quarterly loss at $0.07 per share on revenue of $3.95 million. 
• American Public Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APEI#NASDAQ">APEI</a>) is estimated to report quarterly earnings at $0.62 per share on revenue of $161.78 million. 
• El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $115.83 million. 
• Noodles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDLS#NASDAQ">NDLS</a>) is likely to report quarterly loss at $0.14 per share on revenue of $121.36 million. 
• Potbelly (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBPB#NASDAQ">PBPB</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $115.23 million. 
• Loma Negra Cia Industria (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOMA#NYSE">LOMA</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $221.13 million. 
• Granite Ridge Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRNT#NYSE">GRNT</a>) is expected to report quarterly earnings at $0.13 per share on revenue of $104.93 million. 
• Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRN#NASDAQ">PRN</a>) is likely to report quarterly loss at $0.47 per share on revenue of $5.92 million. 
• Profound Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROF#NASDAQ">PROF</a>) is expected to report quarterly loss at $0.34 per share on revenue of $5.92 million. 
• Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $4.07 billion. 
• Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $7.82 billion. 
• HASHICORP INC CL A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $175.71 million. 
• ACCESS Newswire (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ACCS#AMEX">ACCS</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $7.38 million. 
• Information Servs Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/III#NASDAQ">III</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $57.62 million. 
• Full House Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLL#NASDAQ">FLL</a>) is likely to report quarterly loss at $0.19 per share on revenue of $75.78 million. 
• Willdan Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLDN#NASDAQ">WLDN</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $145.00 million. 
• Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) is expected to report quarterly earnings at $1.47 per share on revenue of $14.62 billion. 
• Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) is estimated to report earnings for its fourth quarter. 
• Velocity Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEL#NYSE">VEL</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $42.70 million. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is expected to report quarterly earnings at $0.92 per share on revenue of $980.87 million. 
• Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) is expected to report quarterly earnings at $4.01 per share on revenue of $62.61 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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BBAI

BlackSky Technology Inc. Class A Common Stock

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PowerShares Dynamic Industrials Sector Portfolio

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Earnings Scheduled For March 6, 2025

Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) smashed its artificial intelligence data center revenue target in fiscal 2025. The chipmaker also reiterated plans to exceed fiscal 2026&#8217;s target but issued a soft earnings and revenue guidance which was roughly in-line with analyst estimates.
What Happened: About 75% of Marvell&#8217;s total revenue in the fourth quarter was driven by AI data center-led sales. Whereas for the full fiscal year 2025, the company&#8217;s AI revenue was substantially above its $1.5 billion target.
&#8220;We also expect to very significantly exceed our $2.5 billion target in fiscal 2026,&#8221; said Matthew Murphy, the chairman, president, and CEO of the company.
While the CFO Willem Meintjes issued a revenue guidance in the range of $1.875 billion, with a plus or minus 5% possibility, it was roughly in-line with the street&#8217;s $1.87 billion expectation. Shares of the company plunged nearly 15% in after-hours trading based on the soft guidance.
&#8220;We project our overall revenue from the auto and industrial end market to decline sequentially in the high single digits on a percentage basis,&#8221; added the CEO.
The management also emphasized the &#8220;stickiness&#8221; of its custom silicon wins due to its technology leadership, manufacturing scale, and close customer relationships.
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: The company beat its fourth quarter estimates with adjusted EPS of $0.60 and revenue of $1.81 billion. It generated $514 million in operating cash flow and a 60.1% non-GAAP gross margin.
The shares ended 2.05% higher on Wednesday but slipped 14.85% in after-hours. The exchange-traded fund tracking Nasdaq 100 index, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) ended 1.30% higher on Wednesday and fell 0.32% in after-hours.
On a year-to-date basis MRVL has fallen by 20.62% but it&#8217;s up 10.78% over the last year.
Analyst Recommendations:<a href="https://www.benzinga.com/quote/MRVL/analyst-ratings"> Benzinga tracks 33 analysts</a> with an average price target of $113.69 for the stock, reflecting a &#8220;buy&#8221; rating. Estimates range widely from $75 to $150. Recent ratings from Morgan Stanley, Keybanc, and Barclays average at $132.67, suggesting a potential 72.86% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MRVL/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="383" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06025350/MRVL-ANR-1024x383.png" alt="" class="wp-image-811605" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06025350/MRVL-ANR-1024x383.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06025350/MRVL-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06025350/MRVL-ANR-768x287.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06025350/MRVL-ANR.png 1068w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/03/44135177/trump-seeks-to-end-chips-act-who-stands-to-lose-heres-a-list-of-beneficiaries-that-could-be-affected" target="_blank" rel="noreferrer noopener">Trump Seeks To End CHIPS Act: Who Stands To Lose? Here&#8217;s A List Of Beneficiaries That Could Be Affected</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Analyst Ratings

MRVL

Marvell Surpasses AI Chip Sales Target, Aims Higher For 2026, But Stock Plunges Due To Muted Guidance

On Wednesday, Apple Inc. co-founder Steve Wozniak criticized the Department of Government Efficiency's or DOGE <a href="https://in.benzinga.com/25/02/43754316/irs-gears-up-to-lay-off-thousands-of-workers-potentially-impacting-tax-season-no-analysis-to-the-impact-it-will-have-on-operations">approach to mass layoffs</a>, calling its sweeping federal workforce cuts a reckless strategy that lacks precision.
What Happened: During an interview <a href="https://www.cnbc.com/2025/03/05/apple-co-founder-steve-wozniak-donald-trump-and-elon-musk-are-bullies.html">with</a> CNBC, Wozniak expressed concerns over DOGE's aggressive cost-cutting tactics, which have resulted in thousands of federal employees losing their jobs.
&#8220;Mass firings — not good for a business to run that way,&#8221; he stated, suggesting that instead of indiscriminate cuts, DOGE should approach workforce reductions "more surgically, with a scalpel instead of a sledgehammer."
See Also: <a href="https://www.benzinga.com/25/03/44158377/elon-musks-influence-under-scrutiny-as-senate-votes-to-block-cfpbs-oversight-of-digital-payments-sparks-ethics-investigation">Elon Musk&#8217;s Influence Under Scrutiny As Senate Votes To Block CFPB&#8217;s Digital Payments Oversight, Sparks Conflict-Of Interest Probe</a>
The Apple co-founder has previously also criticized Tesla Inc. and found himself at odds with Elon Musk.
While the White House maintains that Musk does <a href="https://in.benzinga.com/25/02/43801916/elon-musk-has-no-actual-authority-to-make-government-decisions-says-trump-white-house-on-doge">not officially lead DOGE</a>, President Donald Trump mentioned <a href="https://www.benzinga.com/markets/equities/25/03/44133368/trumps-congressional-address-taps-elon-musk-for-government-overhaul-revives-drill-baby-drill-for-energy-boom">during his address on Tuesday</a> that "DOGE is headed by Elon Musk," reinforcing the widespread belief that he is the driving force behind the agency.
DOGE's mass layoffs have sparked controversy. The agency's actions have also <a href="https://in.benzinga.com/news/25/02/43578729/court-halts-musks-doge-squad-from-gaining-access-to-treasury-payment-systems-a-risk-of-irreparable-harm">prompted legal challenges</a>, with Trump's latest comments being flagged in an ongoing lawsuit against DOGE.
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.
Why It Matters: Wozniak is not the only prominent business figure speaking out against DOGE. Billionaire entrepreneur Mark Cuban has also taken to Bluesky and said that the agency's cuts will "inevitably" create chaos, calling its approach "not so brilliant."
On the other hand, Jamie Dimon, CEO of JPMorgan Chase, has <a href="https://in.benzinga.com/news/25/03/44067853/jpmorgan-ceo-jamie-dimon-talks-doge-efficiency-and-trumps-regulatory-changes-weve-become-a-bureaucratic-mess">expressed support</a> for the idea of cutting wasteful spending but has also highlighted the chaos and legal challenges that DOGE&#8217;s methods have introduced.
DOGE is also said to have saved $65 billion. However, experts have labeled these statements as &#8220;<a href="https://in.benzinga.com/news/25/03/44143475/trumps-u-s-doge-service-claims-65b-in-savings-experts-call-it-smoke-and-mirrors-amid-resignations">smoke and mirrors</a>&#8221; amid a wave of resignations.
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:
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<li><a href="https://in.benzinga.com/personal-finance/25/02/43752458/russell-vought-orders-pause-on-all-cfpb-activity-critics-say-this-gives-corporations-the-green-light-to-scam-families" target="_blank" rel="noreferrer noopener">Russell Vought Orders Pause On All CFPB Activity, Critics Say This Gives Corporations ‘The Green Light To Scam Families'</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

Media

Apple Co-Founder Steve Wozniak Blasts DOGE's Mass Firings, Says Musk-Led Cuts Are Like Using A Sledgehammer Instead Of A Scalpel

The U.S. Justice Department has indicted 12 Chinese nationals for their alleged involvement in a worldwide hacking campaign. 
What Happened: The Justice Department suspects China&#8217;s Ministry of Public Security and Ministry of State Security to have employed hackers to acquire confidential information and track down critics worldwide. 
Assistant Director of the FBI's Cyber Division, Bryan Vorndran, stated &#8221; Chinese Ministry of Public Security has been paying hackers-for-hire to inflict digital harm on Americans who criticize the Chinese Communist Party (CCP).&#8221;
The individuals under suspicion comprise two officers from China&#8217;s Ministry of Public Security, eight employees of a company called i-Soon, and two members of the group known as Advanced Persistent Threat 27 (APT27), Zhou Shuai and Yin Kecheng.
Embassy of the People&#8217;s Republic of China in the U.S. did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
The individuals would face federal charges in both New York and Washington. The Justice Department has announced a reward of up to $10 million for information regarding the MPS officers and i-Soon, and $2 million, each, for the APT27 members. The hackers are suspected to have sold stolen information to China&#8217;s intelligence and security agencies, aiding in the suppression of free speech and democratic processes globally.
The group&#8217;s targets included a major religious organization critical of the Chinese government, an organization advocating for human rights and religious freedom in China, and several news outlets in the U.S. The foreign ministries of Taiwan, India, South Korea, and Indonesia, along with a Hong Kong newspaper and a religious leader, were among the other intended targets.
Meanwhile, Liu Pengyu, the Chinese embassy spokesperson said, "We urge the US to stop using cybersecurity issues to smear China and stop abusing illegal unilateral sanctions,&#8221; <a href="https://www.scmp.com/news/china/article/3301215/us-says-china-operating-hacker-hire-network-available-cyberattacks-worldwide?module=top_story&amp;pgtype=homepage">reported </a>the South China Morning Post. Pengyu added, &#8220;China will take necessary measures to safeguard the legitimate rights and interests of Chinese companies and citizens."
SEE ALSO: <a href="https://www.benzinga.com/25/03/44149983/feds-beige-book-shows-slight-growth-consumer-spending-decreased">Fed&#8217;s Beige Book Shows Slight Growth: Consumer Spending Slips As Prices Rise</a>
Why It Matters: This indictment is a significant development in the ongoing cyber warfare between the US and China. The charges are the first major hacking-related national security case brought under President Donald Trump's Justice Department. In 2022, the Office of the U.S. Trade Representative and FBI estimated the financial impact of the Chinese cyber attacks at between $300 billion and $600 billion per year, as per testimony by William R. Evanina, CEO of The Evanina Group.
The victims of these hackers include US-based critics of the Chinese government, Asian government foreign ministries, and U.S. federal and state agencies. This follows a recent incident that highlighted the activities of another Chinese hacker group, <a href="https://www.benzinga.com/25/02/43692893/chinese-hacker-group-salt-typhoon-expands-global-telecom-exploits-targets-cisco-routers">Salt Typhoon</a>, which has been exploiting vulnerabilities in global telecom networks and universities.
The U.S. Justice Department recognizes the vital role of public-private partnerships in addressing advanced cyber threats and thanked Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Mandiant among others for being instrumental in these investigations.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/news/25/03/44140016/tesla-stock-is-tumbling-and-dave-portnoy-is-calling-out-elon-musk-how-far-does-tsla-stock-have-to-crash-before-elon-goes-back-to-work">Tesla Stock Is Tumbling And Dave Portnoy Is Calling Out Elon Musk: &#8216;How Far Does TSLA Stock Have To Crash Before Elon Goes Back To Work?&#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.

GOOG

GOOGL

MSFT

US Indicts 12 Chinese Nationals Over Alleged Global Hacking Operation Targeting Critics: '...Been Paying Hackers-For-Hire To Inflict Digital Harm On Americans'

Jeff Bezos is reshaping rocket maker Blue Origin with Amazon.com Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) demanding corporate culture as he seeks to accelerate the company&#8217;s progress against Elon Musk&#8217;s SpaceX.
What Happened: The world&#8217;s third-richest person has appointed former Amazon executives in key leadership positions, including CEO Dave Limp, who joined in late 2023. Several other Amazon veterans now occupy C-suite roles, bringing the tech giant&#8217;s aggressive management style to the space venture.
This cultural transformation has already produced significant changes. In February, about 10% of Blue Origin&#8217;s 10,000-plus <a href="https://www.benzinga.com/25/02/43721476/bezos-blue-origin-to-lay-off-10-employees-despite-successful-launch-to-orbit-report">workforce was laid off</a> despite January&#8217;s successful New Glenn rocket launch, the company&#8217;s first orbital mission. Meanwhile, employees report longer working hours, with some moved to permanent 50-hour weeks and badge scanners tracking attendance.
&#8220;We grew and hired incredibly fast in the past few years, and with that growth came more bureaucracy and less focus than we needed,&#8221; Limp told employees in an email <a href="https://www.ft.com/content/e2674524-e329-4e60-87e1-f877881bf529">obtained</a> by the Financial Times.
Blue Origin did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: Blue Origin lags significantly behind SpaceX, which has reached orbit more than 450 times compared to Blue Origin&#8217;s single success. The company spends approximately $2 billion annually while generating just over $1 billion in revenue, according to the report.
Bezos, who stepped down as Amazon CEO in 2021, has taken a more active role at Blue Origin.
The company is also making headlines with its <a href="https://www.benzinga.com/general/space/25/02/44019974/katy-perry-gayle-king-lauren-sanchez-headline-next-blue-origin-space-flight-how-jeff-bezos-fiancee-crew-will-make-history">passenger space tourism business</a>. This spring, Blue Origin will launch its first all-woman crew, including Bezos&#8217; fiancée Lauren Sánchez, pop star Katy Perry, and CBS journalist Gayle King.
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He&#8217;d Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment&#8217;</a></li>
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SPACE

AMZN

Jeff Bezos Brings Amazon's Hard-Charging Culture, 50-Hour Workweek To Blue Origin: CEO Says Growth Led To 'More Bureaucracy...Less Focus'

Medical technology company&nbsp;BioNexus Gene Lab Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) announced the adoption of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) as a&nbsp;treasury reserve asset on Wednesday, following the cryptocurrency&#8217;s inclusion in the U.S. strategic reserve.
What Happened: The company&#8217;s board approved the&nbsp;new Ethereum-focused treasury strategy, according to a press release.
&#8220;This decision marks BGLC as the first Nasdaq-listed company to exclusively prioritize Ethereum as a strategic treasury asset, and is in line with recent announcements of Ethereum being included in the U.S. "Crypto Strategic Reserve," BioNexus said.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
Alongside this, the company also unveiled its Ethereum Strategy Whitepaper, outlining the rationale behind opting for Ethereum. 
The whitepaper highlights Ethereum&#8217;s strengths in decentralized finance, <a href="https://www.benzinga.com/topic/stablecoin">stablecoin </a>settlements, and the ability to generate passive income through <a href="https://www.benzinga.com/money/how-to-stake-ethereum-eth#:~:text=Staking%20is%20a%20process%20in,provides%20you%20with%20a%20reward.">staking</a>.
The whitepaper provides a deep dive into Ethereum&#8217;s&nbsp;institutional adoption, staking capabilities, and&nbsp;forthcoming protocol upgrades, all of which strengthen&nbsp;its long-term value and corporate&nbsp;utility.
The company also credited the blockchain-friendly laws of <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40014390/university-of-wyoming-launches-first-ever-academic-bitcoin-research-institute">Wyoming</a>, where it is incorporated, for influencing the decision.
Why It Matters: BioNexus&#8217; move comes amid strengthening discourse around stacking cryptocurrency in corporate reserves to benefit from long-term gains.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury company Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has been the <a href="https://www.benzinga.com/25/03/44135791/investor-mike-alfred-alleges-wall-street-giants-are-targeting-michael-saylor-led-strategy-by-driving-bitcoin-lowercritic-dismisses-it-as-conspiratorial-thinking">market leader</a>, accumulating a stockpile worth over $43.84 billion, <a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according</a> to bitcointreasuries.net.
Both Bitcoin and Ethereum would be at the &#8220;heart&#8221; of a U.S. strategic cryptocurrency reserve, President Donald Trump <a href="https://www.benzinga.com/25/03/44107003/trump-faces-backlash-over-crypto-reserve-plan-from-bitcoin-supporters-including-his-own-dont-think-the-government-should-be-pumping-our-crypto-bags-with-taxpayer-money">declared </a>last week.
Price Action: At the time of writing, Ethereum was exchanging hands at $2,303.40, up 5.53% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Shares of BioNexus were up 5.39% in after-hours trading, after closing 3.37% higher at $0.3416 during Wednesday&#8217;s trading session.
Read Next:&nbsp;
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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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Photo courtesy: Shutterstock

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

Cryptocurrency

$BTC

$ETH

BGLC

BioNexus Stock Pops As It Embraces Ethereum-Focused Treasury Strategy, Says It Is First On Nasdaq To Do So

Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) missed its fourth-quarter estimates but equated its quantum computing progress with International Business Machines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) and Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google with an ambitious target of scaling its chiplet strategy up to 100 qubits in 2025.
What Happened: Quantum computing race heats up as Rigetti&#8217;s president and CEO, Subodh Kulkarni, said during the company&#8217;s earnings call that it is a leader in the space as it is competing right at the top along with IBM and Google.
Explaining that RGTI&#8217;s roadmap was comparable to IBM, Google, Kulkarni added that &#8220;we certainly view ourselves along with IBM and Google in the leadership position&#8221;.
After its latest launch of 84-qubit Ankaa-3 system in December 2024, it outlined plans to scale to 100-plus qubits by the end of the year. However, IBM had unveiled its 400 qubit-plus quantum processor in 2022, which was not deployed because of challenges, said Kulkarni.
&#8220;IBM tried to go to 430-qubits a year ago and they had some challenges, which is why you don&#8217;t find it deployed right now,&#8221; he added. Google, on the other hand, last launched its Willow chip with 105 qubits.
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Why It Matters: Despite IBM and Google&#8217;s lead in qubit counts, RGTI remained confident with its CEO saying that there were over 10 things to &#8220;differentiate&#8221; them from the peers. &#8220;The main differentiators are our open modular architecture, chiplet approach and a few other things like annealing,&#8221; Kulkarni said.
Along with this, RGTI expects strong government funding and focus on R&amp;D to keep them competitive in fidelity and gate speed advancements. &#8220;So overall between DOE and DoD, we are expecting sizable increase in U.S. government investment in quantum computing,&#8221; said CEO.
Its fourth quarter revenue came in at $2.3 million, <a href="https://www.benzinga.com/news/earnings/25/03/44153467/rigetti-computing-q4-earnings-revenue-miss-quanta-computer-collaboration-highlights">missing estimates</a>, with an adjusted EPS loss of $0.08, which met the estimates. Full-year revenue was $10.8 million, and net loss was $201 million. RGTI ended the year with $217.2 million in cash.
Rigetti also partnered with Quanta Computer with the latter investing $35 million and both committing over $100 million to the collaboration over the next five years.
Price Action: Rigetti rose 4.07% on Wednesday and fell 11% after-hours following its earnings announcement. The exchange-traded fund tracking the Nasdaq Composite index, Fidelity NASDAQ Composite Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEQ#NASDAQ">ONEQ</a>) rose 1.43%.
The stock remains 59.10% lower on a year-to-date basis, however, it&#8217;s up 359.55% over a year.
<a href="https://www.benzinga.com/quote/WBA/analyst-ratings">Benzinga tracks eight analysts</a> with an average price target of $8.43 for the stock, reflecting a &#8220;buy&#8221; rating. Estimates range widely from $1.5 to $15. Recent ratings from Benchmark, and B. Riley Securities average at $12.5, suggesting a potential 71.70% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/WBA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="388" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR-1024x388.png" alt="" class="wp-image-811494" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR-1024x388.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR-768x291.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR.png 1069w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Fidelity NASDAQmposite Index Fund ETF-Tracking NASDAQmposite Index

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RGTI

Rigetti Asserts 'Leadership' In Quantum Computing Race, Aims To Scale To 100 Qubits As It Looks To Catch Up With IBM, Google

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects BJ&#8217;s Wholesale Club Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) to report quarterly earnings at 88 cents per share on revenue of $5.32 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. BJ&#8217;s Wholesale shares slipped 0.1% to $100.06 in after-hours trading.</li>
<li>Analysts are expecting The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) to post quarterly earnings at $1.11 per share on revenue of $34.51 billion. The company will release earnings before the markets open. Kroger shares fell 0.2% to $62.39 in after-hours trading.</li>
<li>Veeva Systems Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) reported fourth-quarter revenue of $720.9 million, up 14% year-over-year. The revenue beat a Street consensus estimate of $699.11 million according to data from Benzinga Pro. For the full fiscal year, the company is guiding for revenue in a range of $3.04 billion to $3.055 billion versus an analyst estimate of $3.055 billion. The company guides for full-year earnings per share of $7.32, versus a Street consensus estimate of $6.91. Veeva shares gained 7.1% to $235.50 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Before the markets open, Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is projected to post quarterly earnings at $1.53 per share on revenue of $7.87 billion. Macy&#8217;s shares gained 0.5% to $13.37 in after-hours trading.</li>
<li>Analysts expect Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) to post quarterly earnings at 49 cents per share on revenue of $7.82 billion after the closing bell. Hewlett Packard Enterprise shares gained 0.3% to close at $18.89 on Wednesday.</li>
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44083539/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-yields-3">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
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Pre-Market Outlook

Trading Ideas

VEEV

Kroger, BJ's Wholesale Club And 3 Stocks To Watch Heading Into Thursday

Amgen Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) has kicked off two crucial phase three trials for MariTide, its investigational weight loss injection. This move marks a significant step in the company&#8217;s pursuit to break into the growing market for obesity drugs.
What Happened: The MARITIME program, the drug&#8217;s phase three development program, is advancing remarkably well, said Dr. Jay Bradner, Amgen&#8217;s Executive Vice President of Research and Development at the 45th Annual TDCowen Healthcare Conference on Wednesday, as per <a href="https://www.cnbc.com/2025/03/05/amgen-weight-loss-drug-maritide-starts-two-phase-three-trials.html">CNBC</a>. MariTide, a monthly injection, is anticipated to rival the existing weekly weight loss injectables from Novo Nordisk&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) Ozempic and Wegovy and Eli Lilly&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) Zepbound. These medications belong to a class called GLP-1s, which mimic specific gut hormones to regulate appetite and blood sugar levels.
The initial trial in the new phase three series will evaluate MariTide in approximately 3,500 individuals with obesity or those who are overweight but do not have Type 2 diabetes. The second trial will evaluate MariTide in 999 patients who are obese or overweight and have Type 2 diabetes. Both studies are primarily focussed to measure the percentage of weight loss over 72 weeks.
In November, Amgen revealed that MariTide enabled obesity patients to lose an average of up to 20% of their weight over a year in a phase two trial, without reaching a weight loss plateau. However, these results did not meet Wall Street&#8217;s lofty expectations for the drug. Amgen&nbsp;is set to release&nbsp;additional information on MariTide this&nbsp;year.
SEE ALSO:<a href="https://www.benzinga.com/markets/equities/25/03/44157043/jim-cramer-doubles-down-on-crowdstrike-despite-drop-analysts-who-were-so-negativehad-it-wrong"> Jim Cramer Doubles Down On CrowdStrike Despite Drop: &#8216;Analysts Who Were So Negative…Had It Wrong&#8217;</a>
Why It Matters: According to Morgan Stanley Research, the global market for weight-loss drugs is projected to reach $105 billion by 2030. The obesity drug market is also highly competitive, with companies like&nbsp;Novo Nordisk&nbsp;recently enhancing access to its weight-loss medication, Wegovy, by lowering prices and <a href="https://www.benzinga.com/25/03/44143391/novo-nordisk-boosts-wegovy-access-with-lower-pricing-and-home-delivery">offering home delivery</a>. Amgen&#8217;s entry into this market with MariTide could potentially disrupt the current market dynamics.
Moreover, Amgen&#8217;s recent success with its <a href="https://www.benzinga.com/25/03/44083934/amgen-astrazeneca-partnered-asthma-drug-shows-rapid-and-sustained-effect-in-chronic-rhinosinusitis">partnered asthma drug </a>with&nbsp;AstraZeneca&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) in treating chronic rhinosinusitis with nasal polyps, further underscores the company&#8217;s commitment to addressing significant health issues. The success of MariTide in the upcoming trials could further cement Amgen&#8217;s position in the pharmaceutical industry.
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<li>READ MORE: <a href="https://www.benzinga.com/news/25/03/44139027/aoc-rips-into-elon-musk-he-is-not-a-scientist-he-is-not-an-engineer-he-is-a-billionaire-con-man-with-a-lot-of-money">AOC Rips Into Elon Musk: &#8216;He Is Not A Scientist, He Is Not An Engineer. He Is A Billionaire Con Man With A Lot Of Money&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMGN

Amgen Challenges Novo Nordisk's Ozempic And Eli Lilly's Zepbound As Its Monthly Weight Loss Drug MariTide Enters Two Late-Stage Trials

Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) refusal to explore Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investments dampened the spirits of cryptocurrency enthusiasts who had hoped the tech behemoth's move would drive demand for the leading digital asset.
However, it's worth noting that one of its largest shareholders, State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), is a known backer of cryptocurrencies and blockchain technology.
What happened: A financial services giant, State Street, managed about $4.7 trillion in assets as of this writing, making it one of the world's biggest asset managers. The firm also manages the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the world&#8217;s largest and arguably the most popular exchange-traded fund.
Aside from traditional finance, State Street has ventured into digital asset investing.&nbsp;
The firm, in collaboration with cryptocurrency-focused financial firm Galaxy Digital, <a href="https://investors.statestreet.com/investor-news-events/press-releases/news-details/2024/State-Street-Global-Advisors-Debuts-Three-Digital-Asset-and-Disruptive-Technology-ETFs-Actively-Managed-By-Galaxy-Asset-Management/default.aspx">launched </a>ETFs in September last year, including SPDR Galaxy Digital Asset Ecosystem ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DECO#NASDAQ">DECO</a>), that give investors exposure to companies expected to benefit from the adoption of digital assets and blockchains.
State Street projected <a href="https://www.ft.com/content/bc2f1484-1cd8-41d7-85e8-6ad9c754d611">recently </a>that demand for cryptocurrency ETFs would surpass that of precious metal ETFs in North America by the end of 2025, placing them just after equities and bonds in the ETF market.
The company was also exploring avenues like <a href="https://www.benzinga.com/topic/tokenization">asset tokenization</a> and <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43181875/sec-repeals-sab-121-policy-that-restricted-banks-from-providing-custody-services-for-bitcoin-crypto-mom-says-bye-bye">cryptocurrency custody services</a>, according to a Reuters report. 
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
State Street holds about 295.10 million shares of Microsoft, implying a total stake of 3.97%, according to the latest 13F filing.
Microsoft, worth more than $3 trillion, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42421374/microsoft-shareholders-reject-proposal-to-explore-bitcoin-investment">voted down a proposal</a> to consider adding Bitcoin to its balance sheet after the board expressed worries about the asset's volatility. The firm had no exposure to any cryptocurrency-focused ETFs as of this writing.
Price Action: Shares of Microsoft closed 3.19% higher at 401.02 during Wednesday&#8217;s trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Meanwhile, State Street Stock closed up 0.92% at $92.54.
Image via Shutterstock
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DECO

Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate

Seven people were injured when a South Korean KF-16 fighter jet accidentally dropped eight bombs outside a firing range in Pocheon during a live-fire exercise with U.S. forces on Thursday. 
The incident comes ahead of scheduled joint drills Mar. 10-20, the first since President Donald Trump&#8216;s return to office.
&#8220;Our KF-16 (jet fighter) abnormally dropped 8 shells of MK-82 bombs. It landed outside of firing range,&#8221; Korea&#8217;s Air Force <a href="https://www.bbc.com/news/articles/c2ernge8193o">told</a> the BBC.
This heightened military readiness occurs amid growing concerns over the <a href="https://www.benzinga.com/news/24/10/41303230/north-korean-forces-aiding-russia-in-ukraine-war-effort">North Korea-Russia alliance</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

South Korean Fighter Jet Accidentally Drops 8 Bombs Near Firing Range During US Joint Drill

Elon Musk‘s rocket manufacturing company SpaceX postponed the eighth test flight of its Starship launch vehicle until Thursday.
What Happened:&nbsp;The launch window for the test flight will open at 5:30 p.m. CT on Thursday.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starship&#39;s eighth flight test now targeting to launch as soon as Thursday, March 6 → <a href="https://t.co/alyJTRtOIP">https://t.co/alyJTRtOIP</a> <a href="https://t.co/3OORFZbSPT">pic.twitter.com/3OORFZbSPT</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1897268163911540778?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Starship was most recently expected to launch from Starbase, Texas on Wednesday. 
On Monday, the company called the launch off seconds before liftoff as it experienced an issue with the vehicle.
&#8220;Too many question marks about this flight and then we were 20 bar low on ground spin start pressure. Best to destack, inspect both stages and try again in a day or two,&#8221; Musk said about the decision to stand down from the launch.
Why It Matters:&nbsp;For the upcoming test flight, SpaceX is eyeing Starship&#8217;s first payload deployment and experiments aimed at returning the upper stage of the two-stage vehicle to the launch site for catch. The company will also attempt to return and catch the vehicle&#8217;s Super Heavy booster, failing which it will have a soft splashdown in the Gulf of America.
SpaceX will attempt to deploy four Starlink simulators on its next flight, similar in size to the next generation of Starlink satellites.
SpaceX last launched Starship on Jan. 16.&nbsp;The spacecraft lifted off from Starbase in Texas at 4:37 p.m. CT, and the vehicle booster landed back at the launch site after separation from its first stage. The spacecraft, however,&nbsp;<a href="https://www.benzinga.com/25/01/43046722/starship-explodes-during-flight-test-elon-musk-says-success-is-uncertain-but-entertainment-is-guaranteed" target="_blank" rel="noreferrer noopener">disintegrated in space during the flight test owing to a propellant leak.</a>&nbsp;
The upcoming test flight would be Starship&#8217;s eighth to date and second this year. SpaceX started testing Starship in April 2023.
The Starship vehicle is part of big dreams. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of Starship</a>, Musk is dreaming of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard Starship. However, the vehicle is currently in the testing and development phase.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: SpaceX

Elon Musk's SpaceX Starship's Next Test Flight Further Postponed To Thursday

Japanese and German government bond yields climbed sharply on Thursday, with Japan&#8217;s 10-year yield reaching its highest level since 2009 amid a <a href="https://www.benzinga.com/markets/equities/25/03/44101132/tech-sector-hammered-as-trumps-tariff-plans-spark-market-selloff-nvidia-arm-super-micro-lead-tech-bloodbath">broader market sell-off early this week</a>.
What Happened: Germany&#8217;s 10-year Bund yield jumped approximately 28 basis points to 2.76%, reaching its highest level since October 2023. This marks the largest sell-off in German government bonds since the months following the Berlin Wall&#8217;s fall, driven by expectations of increased spending, according <a href="https://tradingeconomics.com/germany/government-bond-yield">to</a> Trading Economics.
The yield on Japan&#8217;s 10-year government bond surged above 1.5% Thursday, tracking a rally in European bond yields after Germany announced plans for a €500 billion ($540.18 billion) infrastructure fund and proposals to overhaul borrowing rules.
In February, Bank of Japan Deputy Governor Shinichi Uchida stated that the central bank would consider <a href="https://www.benzinga.com/markets/asia/25/02/43425523/bank-of-japan-signals-further-rate-hikes-possible-amid-inflation-economic-overheating-worries">further interest rate hikes if economic forecasts are met</a>. Uchida emphasized that Japan&#8217;s exit from extensive monetary easing is just beginning, despite already raising rates to a 17-year high of 0.5% in January.
See Also: <a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: Economist Peter Schiff wrote on X, &#8220;With German Bund yields moving up too and the dollar falling, Treasuries will have a lot of competition. Rising bond yields will drive the U.S. economy deeper into recession.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The yield on the 10-year JGB just hit 1.5%. No one is paying attention to this slow-moving train wreck. With German Bund yields moving up too and the dollar falling, Treasuries will have a lot of competition. Rising bond yields will drive the U.S. economy deeper into recession.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1897508968114659682?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The movements carry significant implications for U.S. investors as Japan shifts away from ultra-loose monetary policy. Since ending its 17-year negative interest rate policy in March 2024, Japan has seen stronger yen and rising yields, prompting Japanese investors to <a href="https://www.benzinga.com/markets/bonds/25/02/43772167/japan-bond-yields-hit-15-year-high-as-gdp-growth-surpasses-expectations-peter-schiff-warns-of-train-wreck">repatriate capital from foreign markets</a>.
U.S. Treasury yields remained near four-month lows on Wednesday, with the 10-year note at 4.23%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) fell 0.24% amid mixed economic data showing strong services sector growth but weakening employment figures.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

Bonds

iShares Trust Barclays 20+ Year Treasury Bond Fund

Peter Schiff Warns Of US 'Recession' Risk As Japanese Bond Yields Hit 15-Year High And German Bond Sell-Off Triggers Market Shock

The U.S. Senate voted on Wednesday to revoke the Consumer Financial Protection Bureau's authority to oversee digital payment platforms. This move could reportedly directly benefit Elon Musk's social media company, X.
What Happened: The rule, finalized last year, was designed to regulate fraud and privacy issues in online financial transactions, similar to its oversight of traditional financial institutions, <a href="https://www.theverge.com/news/624904/cfpb-digital-payments-musk-x-conflict-doge">reported</a> The Verge.
Republicans backing the resolution argued that the CFPB had overreached its regulatory scope. However, Sen. Jack Reed (D-RI) framed the decision differently, saying, "A vote in favor of this resolution is a vote to strip federal oversight of Elon Musk's payments company."
Following the Senate's move, Sens. Elizabeth Warren (D-Mass.) and Adam Schiff (D-Calif.) sent a letter to the Office of Government Ethics (OGE), demanding an inquiry into Musk's potential conflicts of interest.
See Also: <a href="https://in.benzinga.com/25/02/44021519/capital-one-berkshire-hathaway-rocket-companies-shares-move-higher-after-cfpb-drops-lawsuits">Capital One, Berkshire Hathaway, Rocket Companies Shares Move Higher After CFPB Drops Lawsuits</a>
The lawmakers questioned whether Musk, as a &#8220;special government employee&#8221; with influence over the Department of Government Efficiency or DOGE, had improperly used his position to weaken the CFPB's oversight, benefiting X, Tesla, and Visa.
Why It Matters: Musk has been a vocal critic of the CFPB. Last month, he took to X, and posted "CFPB RIP."
<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">CFPB RIP &#x1faa6;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1887979940269666769?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
His <a href="https://in.benzinga.com/news/25/03/44143475/trumps-u-s-doge-service-claims-65b-in-savings-experts-call-it-smoke-and-mirrors-amid-resignations">involvement with DOGE</a>, which has played a role in curtailing CFPB operations, has also raised concerns over regulatory fairness and potential self-dealing.
In February, President Donald Trump also repeatedly said that the bureau is finished. Referring to it as "the ultra-left CFPB," the President stated that he <a href="https://in.benzinga.com/news/25/02/44028664/trump-says-he-shut-down-the-ultra-left-cfpb-after-bankers-and-loan-officers-called-him-almost-crying">took steps to dismantle</a> the agency after receiving emotional pleas from bankers and loan officers who were struggling under its regulations.
The resolution now moves to the House for approval, while the ethics investigation into Musk's role remains ongoing.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://in.benzinga.com/personal-finance/25/02/43752458/russell-vought-orders-pause-on-all-cfpb-activity-critics-say-this-gives-corporations-the-green-light-to-scam-families">Russell Vought Orders Pause On All CFPB Activity, Critics Say This Gives Corporations &#8216;The Green Light To Scam Families&#8217;</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.

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