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CREXENDO INC

Crexendo

Crexendo Inc is a provider of cloud communications, UCaaS, call centers, collaboration services, and other cloud business services. The company operates through two segments: Cloud telecommunications and Software Solutions. Its cloud telecommunications segment offers hardware, software, and unified communication solutions for businesses using IP or cloud technology over any high-speed Internet connection. The Software Solutions segment is involved in revenue generation from software licenses, software maintenance support, and professional services. It generates subscription and maintenance support revenue from customer support and other supportive services. The company offers warranties on its products. It derives a majority of its revenue from the Cloud telecommunications segment.

Crexendo Inc

Goldman Sachs analyst James Quigley initiates coverage on Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) with a Neutral rating and announces Price Target of $65.

News

Price Target

Initiation

Analyst Ratings

Goldman Sachs Initiates Coverage On Sanofi with Neutral Rating, Announces Price Target of $65

Goldman Sachs analyst Matthew Sykes downgrades Icon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLR#NASDAQ">ICLR</a>) from Buy to Neutral and lowers the price target from $250 to $200.

Downgrades

ICLR

Goldman Sachs Downgrades Icon to Neutral, Lowers Price Target to $200

Goldman Sachs analyst Matthew Sykes downgrades Charles River (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) from Buy to Neutral and lowers the price target from $190 to $170.

Goldman Sachs Downgrades Charles River to Neutral, Lowers Price Target to $170

Malaysia Aviation Group announced an order for 30 Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 737 MAX jets on Friday, with options for 30 more aircraft as the carrier seeks to renew its single-aisle fleet amid projected strong growth in Southeast Asian air travel.
What Happened: The order includes 18 737-8 and 12 737-10 jets and was previously listed as unidentified on Boeing&#8217;s January orders report. The deal will enable Malaysia Airlines to introduce new premium features, including lie-flat seats, while addressing rising travel demand in the region.
&#8220;This is a significant investment for Malaysia Aviation Group, enabling us to deliver cutting-edge premium cabin offerings and state-of-the-art technology to our customers,&#8221; said Izham Ismail, group managing director of Malaysia Aviation Group.
Boeing projects Southeast Asia&#8217;s commercial airplane fleet will grow nearly 250% over the next 20 years, with the region expected to require more than 4,700 new aircraft through 2043 — nearly 80% being single-aisle jets.
See Also: <a href="https://www.benzinga.com/25/03/44430106/nvidia-ceo-jensen-huang-ciscos-chuck-robbins-tout-ais-global-impact-trump-wants-to-prote" target="_blank" rel="noreferrer noopener">Nvidia CEO Jensen Huang, Cisco's Chuck Robbins Tout AI's Global Impact: Trump ‘Want Us To Win'</a>
Why It Matters: The order comes as Boeing faces scrutiny over delivery delays affecting airlines globally. India&#8217;s Akasa Air, awaiting 226 Boeing 737 MAXs, <a href="https://www.benzinga.com/markets/25/03/44411079/boeing-frustrations-reach-crescendo-at-airline-founded-by-warren-buffett-of-india-we-just-dont-have-enough-aircraft-to-fly">recently expressed frustration</a> with CEO Vinay Dube reportedly stating, &#8220;We just don&#8217;t have enough aircraft to fly.&#8221;
Meanwhile, Japan Airlines ordered 17 Boeing 737-8 jets <a href="https://www.benzinga.com/news/25/03/44397369/japan-airlines-orders-more-boeing-737-8-jets-amid-global-fleet-expansion-plans">earlier this week</a> to replace aging 737-800s, building on a previous order from March 2023.
Boeing has warned that potential tariffs from escalating trade tensions could increase costs, with AerCap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) CEO Aengus Kelly cautioning that a Boeing 787 could <a href="https://www.benzinga.com/news/25/03/44397369/japan-airlines-orders-more-boeing-737-8-jets-amid-global-fleet-expansion-plans">face up to $40 million in additional costs</a>, potentially pushing airlines toward European rival Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>).
The 737 MAX offers 20% reduced fuel use and emissions compared to previous models, according to Boeing.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44429645/perplexity-ceo-says-app-will-make-apple-intelligence-work-amid-iphone-makers-ai-challenges" target="_blank" rel="noreferrer noopener">Perplexity Can Make ‘Apple Intelligence Work' Says CEO Aravind Srinivas As iPhone Maker Attracts Criticism On Siri And AI Delays</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

European Aeronautic Defence And Space Unsponsored

EADSY

Malaysia Aviation Group Orders 30 Boeing 737 MAX Jets, Secures Option For 30 More Amid Rising Southeast Asia Demand

MINISO Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) reported quarterly earnings of RMB2.56 per share. This is a 20.75 percent increase over earnings of RMB2.12 per share from the same period last year. The company reported quarterly sales of RMB4.71 billion which missed the analyst consensus estimate of RMB4.86 billion by 3.13 percent. This is a 23.54 percent increase over sales of RMB3.81 billion the same period last year.

Earnings

Earnings Misses

MNSO

MINISO Group Holding Q2 2025 GAAP EPS RMB2.56 Up From RMB2.12 YoY, Sales RMB4.71B Miss RMB4.86B Estimate

U.S.&nbsp;President Donald Trump slammed reports suggesting that billionaire Elon Musk would&nbsp;be briefed by the Pentagon&nbsp;on potential U.S.-China war strategies.
What Happened: The U.S. President took to his Truth Social to call out the New York Times report which stated that the Tesla CEO would be visiting the Pentagon to get a briefing on a potential war on China. Trump called the news &#8216;fake&#8217; and dismissed any possibility of a war with China. He asserted that asserting that &#8220;China will not even be mentioned or discussed.&#8221; The President signed off saying, &#8220;Anyways, the story is completely untrue.&#8217;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="612" height="270" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/21040246/image-186.png" alt="" class="wp-image-835231" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/21040246/image-186.png 612w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/21040246/image-186-300x132.png 300w" sizes="(max-width: 612px) 100vw, 612px" /></figure>
The New York Times report had hinted that the briefing would include details on the U.S.&#8217;s approach to a potential conflict with China. This would significantly broaden Musk&#8217;s role as a Trump advisor and could raise conflict of interest concerns, considering Musk&#8217;s business engagements in China and with the Pentagon as the CEO of Tesla and SpaceX.
An unnamed U.S. official had told the NYT that&nbsp;Musk would receive briefings on various topics, including China, with top U.S. military officials present at the Pentagon.
SEE ALSO: <a href="https://www.benzinga.com/25/03/44431190/billionaire-mark-cuban-questions-motives-behind-national-turnaround-efforts-asks-who-will-be-worse-off-in-the-us-economic-shift">Mark Cuban Questions Motives Of Elon Musk-Led DOGE&#8217;s &#8216;Turnaround&#8217; Efforts, Asks &#8216;Who Will Be Worse Off?&#8217; In The US Economic Shift</a>
Why It Matters: The U.S. and China have faced longstanding tensions over issues such as technology access, trade tariffs, cybersecurity, TikTok, Taiwan, Hong Kong and human rights. However, both nations are keen on fruitful discussions and establishing ties. Trump also anticipates meeting the Chinese President Xi Jinping soon.
As for Musk, the White House has previously stated that the Tesla CEO will step aside if his business interests create a conflict with his role in cutting federal spending.
Notably, this development follows another report suggesting potential changes to the U.S. military commands under the Trump administration. In response, top Republican lawmakers overseeing the Pentagon have <a href="https://www.benzinga.com/25/03/44414235/republican-leaders-oppose-potential-pentagon-reshuffle-amid-reports-such-moves-risk-undermining-american-deterrence">expressed concerns</a> over such possible adjustments, stating that &#8220;We will not accept significant changes to our warfighting structure that are made without a rigorous interagency process, coordination with combatant commanders and the Joint Staff, and collaboration with Congress.&#8221; 
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/markets/25/03/44416941/top-analyst-urges-elon-musk-to-do-these-2-things-to-restore-investor-confidence-in-tesla">Top Analyst Urges Elon Musk To Do These 2 Things To Restore Investor Confidence In Tesla</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.

Trump Debunks Reports Of Elon Musk's Briefing On US-China War Strategy: 'China Will Not Even Be Mentioned'

The European Union (EU) has decided to delay the imposition of retaliatory tariffs on US goods, including a 50% duty on whiskey, until mid-April. This move comes as a response to President Donald Trump&#8216;s steel and aluminium tariffs.
What Happened: The EU&#8217;s decision to postpone the tariffs until the middle of April could be a strategic move to de-escalate the trade dispute. The EU had initially planned to implement the tariffs in two phases, starting from 1 April. However, it now seeks &#8220;additional time for discussions&#8221; with the U.S., <a href="https://www.cnbc.com/2025/03/20/eu-delays-first-retaliatory-tariffs-on-us-goods-to-mid-april.html">reported </a>CNBC.
Global leaders are currently dealing with the White House&#8217;s trade threats, including the &#8220;reciprocal&#8221; tariffs Trump plans to announce on 2 April. The EU&#8217;s response to Trump&#8217;s actions has faced criticism from leaders in France and Italy, countries that are home to many wine exporters who would be affected by Trump&#8217;s proposed tariffs.
EU Spokesperson Olof Gill told CNBC that the delay in tariffs is &#8220;a slight adjustment to the timeline and does not diminish the impact of our response&#8221;. Gill also mentioned that the EU remains open to a constructive dialogue with the US to avoid unnecessary harm to both economies. 
&#8220;In particular as the EU continues to prepare for retaliation of up to EUR 26 billion ($28 billion),&#8221; stated Gill. 
Chris Swonger, president of the Distilled Spirits Council, representing U.S. alcohol-makers, welcomed the EU&#8217;s tariff delay, calling it a &#8220;very positive development&#8221;.
SEE ALSO: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44430557/eric-trump-named-advisor-to-metaplanet-japanese-bitcoin-firm-whose-stock-surged-2152-in-the-last-year">Eric Trump Named Advisor to Metaplanet, Japanese Bitcoin Firm Whose Stock Surged 2,152% In The Last Year</a>
Why It Matters: This development comes in the wake of President Trump&#8217;s <a href="https://www.benzinga.com/markets/25/03/44301836/trump-warns-of-200-tariff-on-french-champagne-and-eu-spirits-in-retaliation-to-europes-tariff-on-us-whiskey">threat to impose</a> a 200% tariff on alcoholic products from the European Union. This was in response to the EU&#8217;s decision to impose a 50% tariff on U.S. bourbon. The delay in the EU&#8217;s retaliatory tariffs could be seen as an attempt to avoid further escalation and potentially damaging tariffs on both sides.
Last week, French Prime Minister Francois Bayrou told France Inter radio that the EU was likely misguided in targeting American whiskey in response to U.S. tariffs. &#8220;A very old (product) list has been retrieved without it being checked like it should have been,&#8221; added Bayrou. 
Although the EU&#8217;s average tariffs are not significantly higher than those of the U.S., the U.S. has long criticized other &#8216;non-monetary&#8217; tariff regulations—such as restrictions on trace levels of pesticides and other regulations which they claim create an unfair disadvantage for U.S. products.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44423826/is-tariff-an-issue-for-restaurant-sector-j-p-morgan-highlights-winners-losers">Is Tariff An Issue For Restaurant Sector? J.P. Morgan Highlights Winners &amp; Losers</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.

General

EU Hits Pause On The Retaliatory Tariffs On US Goods Until Mid-April: 'Does Not Diminish The Impact Of Our Response'

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, with the S&amp;P 500 falling around 0.2% during the session.
Investors digested Federal Reserve Chair Jerome Powell&#8217;s remarks on inflation and tariffs following the Federal Open Market Committee meeting on Wednesday.
Powell downplayed concerns that tariffs imposed by President Donald Trump could reignite inflation, calling their impact &#8220;transitory.&#8221; Yet, the Fed&#8217;s latest projections signaled slower economic growth, rising unemployment, and hotter inflation.
Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) shares gained around 6% on Thursday in reaction to stronger-than-expected earnings. Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) shares dipped over 7% after the company issued FY25 diluted EPS guidance below estimates.
On the economic data front, the U.S. current account deficit shrank by 2.0% to $303.9 billion in the fourth quarter, versus a revised deficit of $310.3 billion in the third quarter. U.S. initial jobless claims increased by 2,000 to 223,000 during the second week of March, compared to market estimates of 224,000. The Philadelphia Fed Manufacturing Index fell to 12.5 in March from 18.1 in the previous month, versus market estimates of 8.5.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, consumer staples, and information technology stocks recording losses on Thursday. However, energy and utilities stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 11 points to 41,953.32 on Thursday. The S&amp;P 500 fell 0.22% to 5,662.89, while the Nasdaq Composite declined 0.33% to 17,691.63 during Thursday's session.
Investors are awaiting earnings results from NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>, )) and MINISO Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 22.1, the index remained in the &#8220;Extreme Fear&#8221; zone on Thursday, versus a prior reading of 22.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/03/44414749/top-2-defensive-stocks-that-may-keep-you-up-at-night-in-march">Top 2 Defensive Stocks That May Keep You Up At Night In March</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Trading Ideas

S&P 500 Settles Lower As Accenture Dips Over 7%: Greed Index Remains In 'Extreme Fear' Zone

<h3>Companies Reporting Before The Bell</h3>
• Sunlands Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STG#NYSE">STG</a>) is likely to report earnings for its fourth quarter. 
• Biofrontera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFRI#NASDAQ">BFRI</a>) is likely to report earnings for its fourth quarter. 
• Sow Good (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOWG#NASDAQ">SOWG</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $5.37 million. 
• Prestige Consumer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBH#NYSE">PBH</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $1.60 billion. 
• MINISO Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) is expected to report earnings for its second quarter. 
• NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) is estimated to report quarterly loss at $0.42 per share on revenue of $2.85 billion. 
• 51 Talk Online Education (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/COE#AMEX">COE</a>) is expected to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Moleculin Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBRX#NASDAQ">MBRX</a>) is projected to report earnings for its fourth quarter. 
• Tivic Health Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) is projected to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BFRI

MBRX

SOWG

TIVC

Earnings Scheduled For March 21, 2025

The Heathrow Airport has been forced to close its operations on Friday due to a major power outage. This disruption stems from a fire at a nearby electrical substation, causing widespread power failures and affecting thousands of homes.
What Happened: The Heathrow Airport will remain closed throughout Friday following a &#8220;significant&#8221; power outage caused by a fire at a nearby electrical substation.
The fire, which occurred in Hayes, west London, has left thousands of homes without electricity and led to the evacuation of 150 people from nearby properties.
In a post on X, the airport confirmed the closure and advised passengers not to travel to the airport.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Due to a fire at an electrical substation supplying the airport, Heathrow is experiencing a significant power outage. To maintain the safety of our passengers and colleagues, Heathrow will be closed until 23h59 on 21 March. Passengers are advised not to travel to the airport… <a href="https://t.co/7SWNJP8ojd">pic.twitter.com/7SWNJP8ojd</a>
&mdash; Heathrow Airport (@HeathrowAirport) <a href="https://twitter.com/HeathrowAirport/status/1902911632679805313?ref_src=twsrc%5Etfw">March 21, 2025</a></blockquote>
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The closure of the UK&#8217;s busiest airport is expected to result in &#8220;significant disruption&#8221; over the coming days, with passengers advised not to travel until the situation is resolved.
Emergency services responded to the incident at 23:23 GMT, and video footage shared on social media showed flames and smoke emanating from the substation.
See Also:<a href="https://www.benzinga.com/markets/equities/25/03/44411294/amazon-takes-on-used-car-market-expands-its-auto-platform-to-68-markets-report"> Amazon Takes On Used Car Market, Expands Its Auto Platform To 68 Markets: Report</a>
Why It Matters: Flight tracking website Flightradar24 reported that at least 1,351 flights to and from Heathrow will be affected on Friday, with some 120 aircraft already airborne when the closure was announced.
The London Fire Brigade (LFB) stated that part of a transformer within the substation remains alight, and the cause of the fire is still under investigation.
Ten fire engines and approximately 70 firefighters have been deployed to manage the blaze. A 200-meter cordon has been established as a precaution, and local residents have been advised to keep doors and windows shut due to the smoke. LFB has successfully led 29 people to safety from nearby properties.
More than 16,300 homes have experienced power outages due to the fire, according to energy supplier Scottish and Southern Electricity Networks. Power has since been restored to some properties.
This event follows a similar aviation disruption earlier this month when an <a href="https://benzinga.com/markets/25/03/44322855/american-airlines-flight-evacuated-after-engine-fire-at-denver-airport-12-passengers-suffer-injuries">engine fire</a> on an American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) flight led to an emergency evacuation at Denver International Airport.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<a href="https://www.benzinga.com/news/global/25/03/44430545/80-tesla-vehicles-damaged-at-dealership-in-hamilton-a-series-of-mischief-says-police">80 Tesla Vehicles Damaged At Dealership In Hamilton: &#8216;A Series Of Mischief,&#8217; Says Police</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Global

London's Heathrow Airport Shuts Down Due To Major Power Outage Caused By A Fire: Over 1,300 Flights Expected To Be Impacted

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) to report a quarterly loss at 42 cents per share on revenue of $2.85 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Nio shares gained 0.9% to $4.75 in after-hours trading.</li>
<li>Analysts are expecting Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) to post quarterly earnings at 2 cents per share on revenue of $5.75 billion. The company will release earnings before the markets open. Carnival shares rose 0.1% to $21.21 in after-hours trading.</li>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) posted weaker-than-expected earnings for its third quarter, while sales topped estimates. The company also said it now sees fiscal 2025 revenue flat to slightly down year-over-year, compared to the prior forecast of approximately flat. FedEx shares dipped 5.6% to $232.41 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) reported better-than-expected third-quarter financial results. The athletic footwear and apparel company reported third-quarter revenue of $11.27 billion, beating analyst estimates of $11.01 billion. Nike shares fell 5.1% to $68.17 in the after-hours trading session.</li>
<li>Analysts expect MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) to post quarterly earnings at 38 cents per share on revenue of $698.66 million before the opening bell. MINISO Group shares rose 0.5% to $20.90 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/03/44414749/top-2-defensive-stocks-that-may-keep-you-up-at-night-in-march">Top 2 Defensive Stocks That May Keep You Up At Night In March</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

FedEx, Nike And 3 Stocks To Watch Heading Into Friday

For the first quarter of 2025, Sunlands currently expects net revenues to be between RMB470 million to RMB490 million, which would represent a decrease of 6.4% to 10.2% year-over-year. The above outlook is based on the current market conditions and reflects the Company's current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty.

Guidance

Sunlands Technology Sees Q1 Net Revenues Of RMB470M-RMB490M, Down 6.4% To 10.2% Year-Over-Year

Sunlands Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STG#NYSE">STG</a>) reported quarterly earnings of $1.17 per share. This is a 26.42 percent decrease over earnings of $1.59 per share from the same period last year. The company reported $66.20 million in sales this quarter. This is a 13.24 percent decrease over sales of $76.30 million the same period last year.

Sunlands Technology Q4 EPS $1.17 Down From $1.59 YoY, Sales $66.20M Down From $76.30M YoY

Amid the ongoing overhaul in the U.S. economy, billionaire Mark Cuban contrasted the difference between turning around a corporation and a country, questioning whose interests the people in charge serve, while calling the 330 million citizens the directors of the corporation.
What Happened: Cuban responded to an X post that hailed the current economic churn and claimed that &#8220;you have to be aggressive and make tough decisions&#8221; during corporate turnarounds. The post also said that DOGE has been far too timid and the media was hyping the &#8220;chaos in the government&#8221;.
In a reply to this, Cuban quipped &#8220;But this isn't a corporate turnaround. This is the United States of America.&#8221;
He explained that he agreed with reducing the deficit and spending, however, he said with a corporate turnaround, everyone knows that all actions will benefit the owner(s). He goes on to ask, &#8220;Who are the owners that are accruing the benefits in this (national) turnaround?&#8221;
Cuban expressed his concern for those who will be &#8220;worse off&#8221; during the national turnaround and questioned whether anyone cares about the potential negative consequences and the &#8220;challenges will come as a result of moving quickly?&#8221;
&#8220;In this case, there are 330m "directors ", most, like me, want to see the country succeed with the "new management,&#8221; but they also want some answers to their questions,&#8221; he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Correct. But this isn't a corporate turnaround. This is the United States of America. I don't think many people disagree with the need to reduce spending and the deficit. I certainly don't. What we don't know is whose interests the people in charge are acting in. With a… <a href="https://t.co/qgDgM9M7Qe">https://t.co/qgDgM9M7Qe</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1902891714836308225?ref_src=twsrc%5Etfw">March 21, 2025</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/25/03/44430536/bill-ackman-backed-nike-reports-worst-footwear-revenue-in-more-than-a-decade-takes-action-to-continue-liquidating">Bill Ackman-Backed Nike Reports Worst Footwear Revenue In More Than A Decade, Takes Action To Continue &#8216;Liquidating Inventory&#8217; Amid Grim Outlook</a>
Why It Matters: President Donald Trump has waged a tariff battle with the U.S. trading partners. While some tariffs have gone into effect, other &#8220;reciprocal tariffs&#8221; will be implemented on April 2nd.
While many experts believe that tariffs will be inflationary, Federal Reserve Chairman Jerome Powell dismissed the inflation concerns, calling it &#8220;transitory&#8221; in nature.
While the University of Michigan&#8217;s Consumer Sentiment Index revealed a sharp rise in inflation expectations, driven by tariff worries, Powell dismissed the data as an &#8220;outlier,&#8221; citing its divergence from other long-term inflation indicators.
On the other hand, the Fed&#8217;s median expectation for the unemployment rate stood at 4.4% for 2025, which was 100 bps higher than the current cycle low at 3.4, as of April 2023.
Congress has tasked the Federal Reserve with a dual mandate: maximum employment and stable prices. This mandate becomes increasingly challenging in a scenario of high inflation and high unemployment, which could indicate stagflation.
Price Action: 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, fell on Thursday. The SPY declined 0.29% to $565.49, and the QQQ also dropped 0.34% to $479.26, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the future of Dow Jones fell by 0.13%, whereas the S&amp;P 500 and Nasdaq 100 advanced by 0.08% and 0.06% respectively.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/03/44414169/soundhound-ai-short-interest-jumps-to-32-9-bring-it-on-says-ceo-shorts-only-make-the-price-of-winning-bigger" target="_blank" rel="noreferrer noopener">SoundHound AI Short Interest Jumps To 32.9%: ‘Bring It On,' Says CEO, Shorts ‘Only Make The Prize Of Winning Bigger'</a></li>
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Photo courtesy: Shutterstock

Government

Economics

Mark Cuban Questions Motives Of Elon Musk-Led DOGE's 'Turnaround' Efforts, Asks 'Who Will Be Worse Off?' In The US Economic Shift

Mercurity Fintech Holding Announced Its Wholly Owned Subsidiary, Chaince Securities, Has Successfully Received Approval For Its Continuing Membership Application From The Financial Industry Regulatory Authority

NHYDY

Norsk Hydro Invests NOK 1.65B In New Wire Rod Casthouse To Supply Europe With Low-Carbon Aluminium

Malaysia Aviation Group Orders 18 Boeing 737-8 And 12 737-10 Jets, With Options For More

As the accounting issue in question is non-cash in nature, the Board expects the underlying performance of the Company for the year ended December 31, 2024 to be in line with previous guidance and market expectations.
Chester Goodburn will remain in his role as CFO for an additional week and step down on March 31, 2025, following the publication of Caledonia's financial results for the year to December 31, 2024.

CMCL

Caledonia Mining Delays 2024 Financial Results Due To Auditor Query On Deferred Tax Treatment

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk invoked Berkshire Hathaway Inc. CEO Warren Buffett&#8216;s investment philosophy during an all-hands meeting on Thursday night, advising employees and investors to focus on <a href="https://www.benzinga.com/markets/equities/24/10/41568577/elon-musk-channels-warren-buffett-as-teslas-stock-booms-after-strong-q3-having-a-publicly-traded">companies with promising product futures</a>.
What Happened: &#8220;I think it&#8217;s Warren Buffett&#8217;s sort of metaphor—the stock market&#8217;s like having someone stand at the edge of your property or your house and yell prices to buy or sell your house every day,&#8221; Musk said. &#8220;Sometimes they take their meds and sometimes they don&#8217;t.&#8221;
&#8220;Buy stock in companies where you think the product that company makes will be better in the future,&#8221; Musk said. &#8220;Do you love the products that company makes and are they going to keep doing that?&#8221;
&#8220;Hang on to your stock,&#8221; Musk said, emphasizing Tesla&#8217;s long-term potential. &#8220;I think long-term with Optimus and self-driving, Tesla will probably be the most valuable company in the world.&#8221;
<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">Tesla all-hands live presentation <a href="https://t.co/jQOt6WB2LN">https://t.co/jQOt6WB2LN</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1902899450487455809?ref_src=twsrc%5Etfw">March 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The late-evening meeting highlighted Tesla&#8217;s achievement of producing over 7 million vehicles globally. Musk projected the company would <a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">surpass 10 million vehicles next year</a>.
See Also: <a href="https://www.benzinga.com/25/03/44430106/nvidia-ceo-jensen-huang-ciscos-chuck-robbins-tout-ais-global-impact-trump-wants-to-prote">Nvidia CEO Jensen Huang, Cisco&#8217;s Chuck Robbins Tout AI&#8217;s Global Impact: Trump &#8216;Want Us To Win&#8217;</a>
Why It Matters: Musk touted several achievements, including the Model Y becoming the world&#8217;s best-selling vehicle and Cybertruck emerging as the top-selling electric pickup. He also highlighted progress with Tesla&#8217;s Dojo supercomputer, now handling approximately 5-10% of the <a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">company&#8217;s AI training workload</a>.
The relationship between the two billionaires appears respectful but distant. Buffett recently acknowledged in a CBS News interview that he has &#8220;talked to Elon a few times&#8221; but <a href="https://www.benzinga.com/news/25/03/44075038/warren-buffett-says-he-has-spoken-to-elon-musk-a-few-times-but-repeatedly-dodges-questions-about-tesla-ceos-doge-efforts-well-i-better-not-get-into-all-that">repeatedly dodged questions about Musk&#8217;s cost-cutting efforts</a> with the Department of Government Efficiency (DOGE).
Despite TSLA shares dropping 37.71% year-to-date, Musk remains bullish on Tesla&#8217;s future, telling attendees: &#8220;While it&#8217;s difficult to predict how things will be from you know in the next day six to 12 months, if you say like where will things be in three years or five years, the future of Tesla is incredibly bright.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44429645/perplexity-ceo-says-app-will-make-apple-intelligence-work-amid-iphone-makers-ai-challenges">Perplexity Can Make &#8216;Apple Intelligence Work&#8217; Says CEO Aravind Srinivas As iPhone Maker Attracts Criticism On Siri And AI Delays</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.

TSLA

Elon Musk Quotes Warren Buffett Metaphor On Stocks: Like Someone Standing And Yelling 'Prices To Buy Or Sell Your House Every Day...'

Japan-based Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hoarding company Metaplanet Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>) announced the appointment of Eric Trump, President Donald Trump's son, as a strategic advisor on Friday.
What happened: The Tokyo Stock Exchange-listed firm said in a statement that Trump would join the newly formed Strategic Board of Advisors, an entity tasked with driving Bitcoin adoption
"We are honored to welcome Eric Trump as the first member of our Strategic Board of Advisors and look forward to welcoming him to our annual meeting," said Metaplanet CEO Simon Gerovich.
Eric Trump, Executive Vice President of The Trump Organization, has been <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43484922/bitcoin-ethereum-dogecoin-drops-as-trumps-crypto-czar-announces-oversight-committee-eric-trump-says-great-time-to-add-eth">making bullish remarks</a> about Bitcoin and the broader cryptocurrency sector, particularly after his father assumed the U.S. presidency. He has also <a href="https://in.benzinga.com/25/02/43646667/trump-backed-world-liberty-financial-unveils-strategic-token-reserve-to-bolster-bitcoin-ethereum">promoted </a>&nbsp;World Liberty Financial, a decentralized finance project.&nbsp;
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Why It Matters: The company adopted <a href="https://www.benzinga.com/news/24/10/41164436/asias-microstrategy-metaplanet-boosts-portfolio-with-fresh-acquisition-of-107-bitcoins-worth-nearly">Bitcoin as a strategic treasury reserve asset</a> to shield itself against Japan's economic problems and the declining value of its national currency, the yen.
Currently, it's Japan's largest corporate holder of Bitcoin, sitting on a stash worth $269.56 million, <a href="https://bitcointreasuries.net/">according </a>to data from BitcoinTreasuries.&nbsp;
This firm has replicated the actions of Michael Saylor's Strategy, a company that has <a href="https://in.benzinga.com/25/03/44375602/michael-saylors-mstr-provides-bitcoin-exposure-to-bondholders-with-its-novel-strategy-tom-lee-says-its-helping-bond-managers-outperform-the-market">evangelized</a> Bitcoin corporate adoption. As a result, it has earned the sobriquet "Asia's Strategy."
Price Action: At the time of writing, Bitcoin was exchanging hands at $84,159.13, down 2.14% 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>.&nbsp;
In the over-the-counter market, Metaplanet traded at $27.80, up 1.30%. In Japan, its stock has skyrocketed 2,152.38% over the past year.
Photo by Mark Reinstein on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>

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

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