La cadena de opciones muestra datos clave de las opciones de acciones de Dingdong (Cayman) a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Dingdong (Cayman)..

Dingdong (Cayman) (NYSE:DDL) Bolsa, Cadena de Opciones

Dingdong (Cayman)

Dingdong (Cayman) Ltd is the fastest growing on-demand e-commerce company in China. The company directly provides users and households with fresh produce, meat and seafood, and other daily necessities through a convenient shopping experience supported by an extensive self-operated frontline fulfillment grid. It recognizes revenues from product sales of fresh groceries and other daily necessities through Dingdong Fresh APP and mini-programs and membership services.

Dingdong (Cayman) Limited American Depositary Shares (each two representing three Ordinary Shares)

Dingdong (Cayman) Ltd

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

The cryptocurrency market has shown resilience following a significant downturn, with Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42254813/shiba-inu-burn-skyrockets-7400-nearly-2b-tokens-destroyed">leading the recovery</a>.
What Happened: A prominent market analyst predicts the dog-themed token could achieve a massive 235% rise, reaching a new yearly high of $0.00005816.
The broader crypto market faced turbulence earlier this week, as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunged over 10% in two days, causing a ripple effect across altcoins. 
Shiba Inu retraced to a key support level around $0.0000185 during this period. However, SHIB has rebounded impressively, surging 28% from its lows and trading above $0.0002216 as of Saturday morning. According to <a href="https://www.benzinga.com/pro/">Benzinga </a>Pro, It is almost up by 9% in the last 24 hours. 
Renowned analyst Dollars Maker <a href="https://www.tradingview.com/u/Dollars_Maker/">shared</a> a bullish outlook on Shiba Inu in a recent TradingView post. He noted that the token has further upside potential, outlining three ambitious price targets. According to Dollars Maker, SHIB could first see a 92% increase to $0.00003339, followed by a 163% surge to $0.00004566.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42256519/shiba-inu-soars-to-eight-month-high-up-13-as-meme-coins-rally" target="_blank" rel="noreferrer noopener">Shiba Inu Soars To Eight-Month High, Up 13% as Meme Coins Rally</a>
Ultimately, the analyst predicts SHIB will achieve a 235% spike, hitting $0.00005816. This would surpass its previous high of $0.000045 recorded in March 2024, but no specific timeline was provided for this projection.
Shiba Inu's recent recovery and growing optimism among analysts suggest that the token may be gearing up for significant gains, making it a focal point for crypto enthusiasts in the weeks ahead.
The meme coin surged by 208% so far in 2024, catapulting its market capitalization to $18.28 billion.
According to data from&nbsp;Benzinga, SHIB's market cap has been steadily increasing since September, with capital&nbsp;inflow into the Shiba Inu&nbsp;network propelling the ecosystem's market cap&nbsp;from $7.57 billion in the&nbsp;first week of September to&nbsp;$19.41 billion as of December&nbsp;5.
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BTC

$SHIB

Analyst Bullish on Shiba Inu, Sees 235% Surge Despite Recent Fall

If your investment portfolio feels like a headache right now, legendary investor Bill Ackman says not to worry—it'll eventually be a "blip." 
What Happened: The billionaire hedge fund manager, who founded Pershing Square Capital in 2004, has built a fortune of $3.7 billion by sticking to a set of straightforward investing principles.
Despite achieving significant success, Ackman has experienced both wins and losses throughout his career. Speaking on The Julia La Roche <a href="https://www.youtube.com/watch?v=VV949D8AUKU&amp;t=3s">Show</a> last year, he shared his belief that maintaining a long-term perspective is crucial for navigating difficult periods.
"If you look at the chart of Pershing Square over time, the difficult periods look like nothing now," he said. "You won't even notice the little blip in a decade or two decades, and you just have to have that kind of perspective."
In 2022, Pershing Square posted an 8.8% loss amid a turbulent market year, but this followed three years of double-digit gains: 26.9% in 2021, 70.2% in 2020, and 58.1% in 2019. 
Ackman attributed this resilience to a disciplined approach rooted in his "basic commandments" for investing, which are engraved on stone tablets at Pershing Square's New York headquarters.
Also Read: <a href="https://www.benzinga.com/markets/24/12/42499608/investment-guru-peter-lynch-if-you-cant-explain-to-an-11-year-old-in-2-minutes-or-less-why-you-own-t">Investment Guru Peter Lynch: &#8216;If You Can&#8217;t Explain To An 11-Year-Old In 2 Minutes Or Less Why You Own The Stock, You Shouldn&#8217;t Own It&#8217;</a>
"We want to buy the best businesses in the world," Ackman explained, describing them as "simple, predictable, free cashflow generative, dominant companies with… a moat around them." The concept of an economic moat, popularized by Warren Buffett, refers to a company's ability to maintain a competitive edge and long-term stability. 
Ackman also emphasized the importance of strong balance sheets, excellent governance, and conservative valuations. "Own the best, super-durable companies you can find with conservative balance sheets," he said. "Buy them at attractive prices and ensure they're managed and governed correctly."
Ackman also highlighted red flags to avoid, such as businesses reliant on constant fundraising to sustain operations. He advised against shorting stocks or investing in commodity-sensitive industries. 
"Stay away from shorting stocks, avoid commodity-sensitive industries, and you do great," he said. He also warned investors to consider potential technological disruptions in today's dynamic landscape.
"There's a part of investing that's very simple. just make sure you think about the potential for disruption because we're in a world where technology is a very dynamic force," he said during the interview. 
Drawing inspiration from Buffett's famously simple advice—"don't lose money, and don't forget the first rule"—Ackman's principles reflect a disciplined yet straightforward approach to building long-term wealth.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Success Stories

Bill Ackman's Advice: 'Stay Away From Shorting Stocks, Avoid Commodity-Sensitive Industries, And You Do Great'

Eric Trump, executive vice president of the Trump Organization and son of President-elect Donald Trump, recently shared his views on tariffs, inflation and Federal Reserve policy.
Speaking exclusively with&nbsp;Benzinga‘s&nbsp;<a href="https://www.benzinga.com/author/bibhu-pattnaik" target="_blank" rel="noreferrer noopener">Bibhu Pattnaik</a>, Eric Trump outlined his father's plans to address economic challenges, including energy costs, government spending, and international trade policies.
On tariffs, Eric Trump dismissed concerns about their potential to drive inflation. "What's going to drive inflation decreasing is frankly freeing up energy," he explained, adding that energy costs account for a significant portion of inflation. 
He expressed confidence that his father's policies, focused on increased domestic drilling and utilization of natural resources, would lower energy prices. Combined with proposed government spending cuts of $1 trillion in the first year or two.
&#8220;Energy makes up about 60% of inflation. And energy is going to come down in a very big way. Because my father wants a drill. He wants to utilize natural resources. And you won&#8217;t have a war on energy. Then second of all, you&#8217;re going to look at DOGE. And they&#8217;re going to cut a trillion dollars out of spending in the first year or two. Which has to happen. And when you look at the cuts in spending and when you look at, you know, obviously oil and gas coming down, that&#8217;s going to drive inflation way down. That&#8217;s going to drive interest rates down,&#8221; Eric Trump told Benzinga. 
Eric Trump argued these measures would bring down inflation, reduce interest rates, and make financing homes, businesses, and even crypto investments more affordable.
Also Read:<a href="https://www.benzinga.com/news/24/12/42496864/exclusive-eric-trump-calls-elon-musk-albert-einstein-of-our-time-says-tesla-ceo-will-help-build-a-stronger-america" target="_blank" rel="noreferrer noopener">&nbsp;EXCLUSIVE: Eric Trump Calls Elon Musk ‘Albert Einstein Of Our Time,' Says Tesla CEO Will Help Build ‘A Stronger America'</a>
&#8220;That&#8217;s going to free up a lot of capital that could otherwise be used. It&#8217;s going to make buying a new home more affordable. That&#8217;s going to be financing businesses more affordable. That&#8217;s going to make borrowing so you can purchase crypto more affordable. I think there&#8217;s a lot of great things to come,&#8221; he added. 
When asked about the Federal Reserve's approach to balancing inflation and recession risks, Eric Trump declined to offer specifics. However, he touched on his father's broader leadership strategy, emphasizing his firm stance on international conflicts and economic policies.
"He's put a lot of people on notice… to stop playing games," Eric Trump said, referencing efforts to resolve global conflicts and hold foreign powers accountable for trade imbalances.
Eric Trump praised his father's commitment to protecting U.S. interests through tariffs and strong foreign policy. He highlighted moves like signaling disengagement from prolonged Middle Eastern conflicts and pushing back against unfair practices by China and NATO. 
"He's going to stop getting ripped off by foreign powers," he said, underscoring his father's approach to fostering peace, stability, and economic strength.
As the Trump administration prepares to take office, these statements offer a glimpse into its potential economic priorities, signaling a focus on energy independence, fiscal responsibility, and assertive international policies.
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Image: Shutterstock

Exclusives

Interview

EXCLUSIVE: Eric Trump Predicts Inflation Drop Through Energy Policies And Spending Cuts

The Biden administration has made another major move to tackle the student debt crisis, approving $4.28 billion in <a href="https://www.ed.gov/about/news/press-release/biden-harris-administration-approves-additional-428-billion-student-debt-relief-nearly-55000-public-service-workers-0" target="_blank" rel="noreferrer noopener">loan forgiveness</a> for nearly <a href="https://www.benzinga.com/topic/student-debt" target="_blank" rel="noreferrer noopener">55,000 public service workers</a>.
This latest round of relief brings the total student loan forgiveness to a staggering $180 billion, benefiting nearly five million Americans.
The move is part of the administration&#8217;s broader efforts to fix the broken Public Service Loan Forgiveness (PSLF) program and provide much-needed relief to teachers, nurses, firefighters, and other public servants who dedicate their lives to the community.
In a statement celebrating the success, Education Secretary Miguel Cardona emphasized that the administration&#8217;s commitment to public service workers has resulted in life-changing debt relief.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/legal/24/12/42635199/financial-crime-weekly-becton-dickinson-and-co-pays-175-million-penalty-express-fails-to-disclose-ceos-full-compensation" rel="noreferrer noopener"> Financial Crime Weekly: Becton, Dickinson And Co. Pays $175 Million Penalty, Express Fails To Disclose CEO&#8217;s Full Compensation</a>
&#8220;Four years ago, the Biden-Harris Administration made a pledge to America's teachers, service members, nurses, first responders, and other public servants that we would fix the broken Public Service Loan Forgiveness Program, and I'm proud to say that we delivered,&#8221; Cardona said.
The $4.28 billion announced on Friday is part of the ongoing transformation of the PSLF program, which has now forgiven $78 billion in loans for over a million borrowers under this administration alone.
The PSLF program, which offers forgiveness for borrowers who make 120 qualifying monthly payments while working in public service, has been significantly overhauled by the Biden-Harris administration.
The recent changes include improvements that make it easier for borrowers to qualify for forgiveness and track their progress toward the 120-payment requirement.
The department also made regulatory changes to expand eligibility, helping more public service workers access relief.
In addition to the PSLF fixes, the administration has implemented several other measures to alleviate student loan debt.
These include approving $56.5 billion for over 1.4 million borrowers under Income-Driven Repayment plans, which offer more affordable payment terms based on income. The government also provided $28.7 billion in loan forgiveness for borrowers defrauded by their schools or who attended institutions that closed unexpectedly.
Furthermore, the Biden administration has approved $16.2 billion in relief for nearly 572,000 borrowers with total and permanent disabilities, ensuring that they are not burdened by student loans they are unable to repay. These measures are part of a broader strategy to make higher education more accessible and reduce the financial barriers many face after graduation.
In addition to these student debt relief efforts, the administration also increased the maximum Pell Grant by $900, marking the largest increase in a decade.
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Biden Student Loan Forgiveness Tops $180 Billion With Latest Relief

A car-ramming attack at a Christmas market in Magdeburg, Germany, on Friday night has left five people dead, including a nine-year-old child, with more than 200 injured <a href="https://www.benzinga.com/news" target="_blank" rel="noreferrer noopener">and dozens critically wounded</a>.
The incident occurred when a car sped 1,200 feet into a crowd of shoppers in a narrow alley, NBC News <a href="https://www.nbcnews.com/news/world/car-ramming-christmas-market-germany-rcna185066" target="_blank" rel="noreferrer noopener">reports</a>.
German Chancellor Olaf Scholz described the event as &#8220;terrible&#8221; and expressed concern over the condition of nearly 40 critically injured individuals.
The suspect, a 50-year-old Saudi doctor who has lived in Germany since 2006, was apprehended by authorities.
Initially employed as a psychiatrist at a psychiatric hospital in Bernburg, the man had been off-duty since October due to illness and vacation.
While officials have not disclosed a clear motive, Interior Minister Nancy Faeser confirmed that the suspect had &#8220;clearly Islamophobic&#8221; views.
Also Read&#8221; <a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42635025/benzinga-bulls-and-bears-tesla-broadcom-unitedhealth-bitcoin-and-dogecoin-bull-had-to-sell-after-price-plunge" rel="noreferrer noopener">Benzinga Bulls And &#8220;ears: Tesla, Broadcom, UnitedHealth, Bitcoin And Dogecoin Bull &#8216;Had To Sell&#8217; After Price Plunge</a>
The investigation is ongoing, with authorities focusing on understanding the attacker&#8217;s motivations, NBC News adds.
The attack has sparked renewed debate in Germany, especially ahead of the February snap elections.
The anti-immigration Alternative for Germany (AfD) party, which has seen significant gains, is expected to play a key role in shaping the upcoming government.
This incident has added fuel to discussions surrounding uncontrolled immigration, with the AfD likely to use it as a platform in the elections.
A memorial service will be held in Magdeburg&#8217;s cathedral, and a memorial has been set up near St. John&#8217;s Church to honor the victims.
The Saudi government and the U.S. State Department have expressed solidarity with Germany, condemning the attack and sending condolences to the victims&#8217; families, the report adds.
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Image: Wikiemedia Commons

Movers

Car Rams Into Christmas Market in Germany, Killing Five and Injuring More Than 200

The debt ceiling has become a central point of contention in Washington this week, disrupting year-end <a href="https://www.benzinga.com/news/24/11/42154761/majority-of-americans-approve-of-trumps-second-term-agenda">government funding talks</a> that were resolved early Saturday.
What Happened: President-elect Donald Trump has called for either raising or completely eliminating the borrowing limit, a move that could resolve the issue before he assumes office and allow him to pursue his agenda without future debt-ceiling battles.
"Congress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling," Trump wrote in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/113683687655180611">post</a> on Friday. "Without this, we should never make a deal. Remember, the pressure is on whoever is President."
This differs from Trump&#8217;s past view. In January 2013, he wrote, "I cannot believe the Republicans are extending the debt ceiling — I am a Republican and I am embarrassed!"
According to a report <a href="https://www.businessinsider.com/trump-raise-eliminate-debt-ceiling-default-economic-consequences-interest-rates-2024-12">by</a> Business Insider, the debt ceiling, which caps how much the federal government can borrow, has long been a contentious political tool. Failing to raise it risks a government default, jeopardizing programs like Social Security, Medicaid and housing assistance.
Also Read: <a href="https://www.benzinga.com/news/24/12/42257531/heres-how-ray-dalio-thinks-trumps-second-term-could-reshape-the-us-and-the-world">Here&#8217;s How Ray Dalio Thinks Trump&#8217;s Second Term Could Reshape the US and the World</a>
A default could also spike interest rates, as the U.S. might lose its reputation as a creditworthy borrower. "It would mean higher rates on mortgages and credit cards, potentially leading to a deep recession," Len Burman of the Urban Institute told the outlet.
Trump's position aligns with some Democrats who advocate abolishing the debt ceiling altogether. Sen. Elizabeth Warren (D-Mass.) recently voiced agreement, arguing that the ceiling is frequently weaponized to force spending cuts.
During previous standoffs, unconventional solutions like invoking the 14th Amendment or minting a $1 trillion platinum coin were proposed to sidestep the limit. Rep. Jamie Raskin (D-Md.) suggested that such options remain viable if Congress fails to act.
Why It Matters: Despite Trump's push, many Republicans oppose eliminating the debt ceiling, citing its role as a check on federal borrowing. Trump has warned that GOP members opposing his stance may face primary challenges. 
The country is projected to hit the debt limit early next year, though the Treasury Department could delay default until late spring through accounting measures.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Why Trump Wants Debt Ceiling Killed Before He Takes Office

Perennial TV fave Ryan Seacrest is in contract to buy an expansive renovated $36 million estate, according to a report in the Wall Street Journal.&nbsp;
The veteran presenter, known for presenting "American Idol," "Wheel Of Fortune" and "Live With Kelly and Ryan," routinely shuttles between New York and LA. He is buying his new home from fashion mogul Serge Azria, who paid $16.455 million for the Bel-Air property in 2020. Azria undertook a three-year renovation of the home before listing the roughly 11,000-square-foot Bel-Air property for $48 million in June.
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<h2 class="wp-block-heading">A Relaxing Mediterranean-Styled Escape</h2>
The contemporary Spanish-style home, built in 1928, features simple wood and off-white finishes and furnishings, arched inset porches and light wood beams beneath vaulted ceilings. It has a showbiz pedigree, previously owned by actress Diane Keaton twenty years ago.
&nbsp;Per Azria's intent, the home was remade with a Mediterranean feel, adding four olive trees in the garden to complement the minimalist, soothing color palette. The home also features a separate pool house with a wood-burning fireplace, a 5-6 car garage, a steam room, a sauna, a terrace and two kitchens.
See Also: This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
<h2 class="wp-block-heading">Real Estate Moves</h2>
Seacrest – with a net worth of around $500 million – has been as busy buying and selling California real estate as he has presenting. He listed a Napa Valley estate for $22 million in July and sold a Beverly Hills home for $51 million to tech billionaire Brian Long in 2022. Seacrest had purchased the property from <a href="https://www.benzinga.com/markets/24/10/41148149/inside-ellen-degeneress-real-estate-side-hustle-as-she-reflects-on-life-after-comedy">Ellen DeGeneres</a> and Portia DeRossi for $36.5 million in 2012.
Seacrest also sold his New York home – a five-bedroom penthouse in the West Village – to Fanatics billionaire Michael Rubin for $43 million in the summer of 2023, as reported by the Daily Mail.&nbsp;
Trending: During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a>
<h2 class="wp-block-heading">A Business Empire</h2>
Though Seacrest is well known as a jovial on-screen presence, he is at the helm of a business empire offscreen. These include:
<ul>
<li>Ryan Seacrest Productions: Seacrest's production company is behind hit TV shows, including Keeping Up With the<a href="https://www.benzinga.com/topic/kim-kardashian"> Kardashians</a>, E! Live from the Red Carpet, Shahs of Sunset, I Love Kellie Pickler, Shades of Blue and Insatiable.</li>
<li>Ryan Seacrest Distinction: A menswear clothing line sold exclusively at Macy's.</li>
<li>Polished: A skincare line discontinued in 2022.</li>
<li>Casa Dragones tequila: Seacrest is the face of Casa Dragones tequila.</li>
<li>iHeartMedia: Seacrest has been an ongoing presence on iHeart Radio and recently inked a new deal that will see him remain the morning voice of radio in Los Angeles until the end of 2027.</li>
</ul>
He will also continue to host iHeart Radio events, including the two-day iHeartRadio Music Festival and LA's iHeartRadio Jingle Ball holiday concert.
In addition to hosting iHeart Radio-affiliated shows, Seacrest is the annual host of Dick Clark's New Year's Rockin' Eve with Ryan Seacrest, which he has hosted for the last 18 years, earning $1 million for the night.&nbsp;
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Real Estate

Ryan Seacrest Is Buying An LA Mansion for $36 Million. Here's A Look At His Splashy Property Portfolio

Billy Joel's No Longer In A New York State Of Mind. Music Legend Lists Long Island Manse And Settles In Florida
Billy Joel&#8217;s movin&#8217; out – or rather, has moved out. The music icon, whose 1976 hit New York State Of Mind cemented his association with his home state, has listed his luxury waterfront estate in Centre Island, New York, for $49.9 million.
The Piano Man recently completed a five-year renovation on the sprawling 26-acre property, which contains four separate houses – the Main House, Beach House, guesthouse and Gate House – and sits on over 2,000 feet of private beachfront overlooking the Long Island Sound.
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<h2 class="wp-block-heading">A Long Island Landmark</h2>
Known as Middle Sea, Joel told The New York Times he first saw the property as a teen while dredging oysters to earn extra money. He purchased the property in 2002, three years after Forbes estimated his net worth at around $52 million. It is now estimated to be around $250 million. Located between the upscale <a href="https://www.benzinga.com/content/42252309/carolyn-miles-scents-4-my-soul-ceo-to-be-honored-at-this-year-2024-kwanza-celebration">Long Island</a> neighborhoods of <a href="https://www.benzinga.com/markets/24/09/40943847/piano-man-hits-a-sour-note-billy-joels-mansion-takes-a-15-million-haircut">Oyster Bay</a> and Cold Spring Harbor, Joel&#8217;s moniker for the property stems from its geographic location. It is also an homage to the Middle &#8220;C&#8221; on a piano.
"If it's not for me being able to take piano lessons, I probably would never have been able to afford a high-flying property like this. So, I named it after the first note I learned on the piano, which was C," Joel told The New York Times.
Joel has been active in the Florida real estate market for years. The listing of Middle Sea comes weeks after he sold another of his homes – a beachfront home in Manalapan, South Florida, which was also coincidentally listed for $49.9 million. According to<a href="https://www.mansionglobal.com/articles/billy-joel-finally-finds-a-buyer-for-his-south-florida-spread-a12ad195"> </a>Mansion Global, the home was first listed in 2018 for $31.9 million after Joel purchased it in 2015 for $22.1 million.
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<h2 class="wp-block-heading">A Flurry of Florida Purchases</h2>
Despite singing the song "You're My Home," Joel might have a problem saying the same thing in real life. According to the Palm Beach Post, he recently bought two neighboring properties in The Sanctuary in Boca Raton – a private 100-home community. According to deed information, one of the homes was purchased for $29 million in the gated and guarded community off Spanish River Boulevard. The 15,000-square-foot residence sits on a corner lot with over an acre of land and 560 feet of waterfrontage on the Intracoastal Waterway. Joel also purchased a townhouse in Palm Beach and an equestrian property in Wellington.
<h2 class="wp-block-heading">A Kinder Climate&nbsp;</h2>
Joel, who had both hips replaced in 2010, recently lost 50 lbs after suffering back surgery pain. Moving to warmer weather could help him avoid frigid New York winters as he ages.
"I'm just gonna spend a little more time in Florida like old Jewish guys from Long Island do," he joked earlier this year when on stage at UBS Arena in New York. He added that he also has another home on Long Island that he plans to keep.
Read Next:
<ul>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>
Billy Joel&#8217;s movin&#8217; out – or rather, has moved out. The music icon, whose 1976 hit New York State Of Mind cemented his association with his home state, has listed his luxury waterfront estate in Centre Island, New York, for $49.9 million.
The Piano Man recently completed a five-year renovation on the sprawling 26-acre property, which contains four separate houses – the Main House, Beach House, guesthouse and Gate House – and sits on over 2,000 feet of private beachfront overlooking the Long Island Sound.
Don't Miss:
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<li>Unlock the hidden potential of commercial real estate —<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
</ul>
<h2 class="wp-block-heading">A Long Island Landmark</h2>
Known as Middle Sea, Joel told The New York Times he first saw the property as a teen while dredging oysters to earn extra money. He purchased the property in 2002, three years after Forbes estimated his net worth at around $52 million. It is now estimated to be around $250 million. Located between the upscale <a href="https://www.benzinga.com/content/42252309/carolyn-miles-scents-4-my-soul-ceo-to-be-honored-at-this-year-2024-kwanza-celebration">Long Island</a> neighborhoods of <a href="https://www.benzinga.com/markets/24/09/40943847/piano-man-hits-a-sour-note-billy-joels-mansion-takes-a-15-million-haircut">Oyster Bay</a> and Cold Spring Harbor, Joel&#8217;s moniker for the property stems from its geographic location. It is also an homage to the Middle &#8220;C&#8221; on a piano.
"If it's not for me being able to take piano lessons, I probably would never have been able to afford a high-flying property like this. So, I named it after the first note I learned on the piano, which was C," Joel told The New York Times.
Joel has been active in the Florida real estate market for years. The listing of Middle Sea comes weeks after he sold another of his homes – a beachfront home in Manalapan, South Florida, which was also coincidentally listed for $49.9 million. According to<a href="https://www.mansionglobal.com/articles/billy-joel-finally-finds-a-buyer-for-his-south-florida-spread-a12ad195"> </a>Mansion Global, the home was first listed in 2018 for $31.9 million after Joel purchased it in 2015 for $22.1 million.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">A Flurry of Florida Purchases</h2>
Despite singing the song "You're My Home," Joel might have a problem saying the same thing in real life. According to the Palm Beach Post, he recently bought two neighboring properties in The Sanctuary in Boca Raton – a private 100-home community. According to deed information, one of the homes was purchased for $29 million in the gated and guarded community off Spanish River Boulevard. The 15,000-square-foot residence sits on a corner lot with over an acre of land and 560 feet of waterfrontage on the Intracoastal Waterway. Joel also purchased a townhouse in Palm Beach and an equestrian property in Wellington.
<h2 class="wp-block-heading">A Kinder Climate&nbsp;</h2>
Joel, who had both hips replaced in 2010, recently lost 50 lbs after suffering back surgery pain. Moving to warmer weather could help him avoid frigid New York winters as he ages.
"I'm just gonna spend a little more time in Florida like old Jewish guys from Long Island do," he joked earlier this year when on stage at UBS Arena in New York. He added that he also has another home on Long Island that he plans to keep.
Read Next:
<ul>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>

Billy Joel's No Longer In A New York State Of Mind. Music Legend Lists Long Island Manse And Settles In Florida

When you think of Dave Ramsey, you think of financial freedom, debt-free living and his famous mantra: "Debt is dumb, cash is king." But what happens when the <a href="https://www.benzinga.com/personal-finance/24/12/42380263/elon-musk-asks-if-irs-funding-should-be-deleted-more-than-60-of-respondents-said-yes">dreaded IRS</a> comes knocking with a hefty tax bill you didn't prepare for? Surprisingly, even Ramsey says borrowing money might be the lesser of two evils in this specific case.
<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">Debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice.
&mdash; Dave Ramsey (@DaveRamsey) <a href="https://twitter.com/DaveRamsey/status/1507359648952823813?ref_src=twsrc%5Etfw">March 25, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
On an <a href="https://www.youtube.com/watch?v=3ew__d2xzPo">episode</a> of the EntreLeadership Podcast, Ramsey tackled a real-world scenario from a business owner, Ross, whose electrical contracting business faced an unexpected $200,000 tax bill. Ross admitted he had focused all his extra cash on paying off other debts, leaving nothing aside for taxes. The accountant's suggestion? <a href="https://www.benzinga.com/money/how-to-get-a-bank-loan">Borrow the money from the bank</a> to settle the tax debt. While this might sound like heresy to Ramsey's usual no-debt philosophy, he agreed.
<h2 class="wp-block-heading">Why Borrowing Beats Owing the IRS</h2>
Ramsey didn't whitewash the reality: if you owe the IRS, you're in trouble. "You'd rather owe the bank on a line of credit than you would the KGB," he said, pointing out that their penalties and interest rates are far harsher than any bank loan. The priority, he emphasized, is to get the IRS out of your life as quickly as possible.
Borrowing from a bank might sting, but it's a strategic move. Ramsey explained that most lines of credit carry lower interest rates – often around 8% or so – which are far more manageable than the fines and stress that come with unpaid taxes. You do not want the IRS breathing down your throat, he warned.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">The Real Problem: Poor Planning</h2>
While agreeing with the borrowing strategy, Ramsey didn't let Ross off the hook for how he ended up in this mess. "You're running this like it's a $1 million business" when it's a $10 million business, he said bluntly. Ramsey stressed the importance of monthly tax planning, robust accounting systems and professional oversight for a business of Ross&#8217; size. He suggested hiring an in-house controller or CFO and upgrading from entry-level software like <a href="https://www.benzinga.com/news/24/08/40373775/intuit-faces-growing-risks-in-turbotax-and-quickbooks-morgan-stanley-analyst">QuickBooks</a> to more sophisticated tools like NetSuite.
"You can't outearn stupidity," Ramsey said, telling Ross that he needs systems that match the size and complexity of his business.
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
<h2 class="wp-block-heading">What This Means For You</h2>
Ramsey&#8217;s advice is clear for anyone facing an unexpected tax bill: handle the IRS immediately. If you don't have the cash, a bank loan or line of credit is your best option. But the real lesson here is about preparation. <a href="https://www.benzinga.com/personal-finance/24/05/39010733/3-financial-fears-and-the-tips-to-overcome-them">Regularly set aside money</a> for taxes, especially if you're experiencing rapid growth or success in your business. Work with a qualified accountant who understands your needs and can help you stay ahead of tax liabilities.
If you're growing fast, it's easy to overlook the administrative side of things. However, as Ramsey pointed out, neglecting your financial systems can result in disaster. "Congratulations on killing it," he told Ross, "but now your lack of systems and sophistication is going to cause you to lose it."
Read Next:
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
</ul>

Personal Finance

Facing A Tax Bill? Dave Ramsey Breaks His 'No-Debt' Policy, Says Borrowing From The Bank Beats Owing The IRS, Which He Calls 'The KGB'

Becton, Dickinson And Co. Agrees To Pay $175 Million Civil Penalty
The Securities and Exchange Commission on Monday announced it had <a href="https://www.sec.gov/newsroom/press-releases/2024-201">settled charges</a> against Becton, Dickinson and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDX#NYSE">BDX</a>), known as BD, for repeatedly misleading investors about risks associated with its continued sales of its Alaris infusion pump and for overstating its income by failing to record the costs of fixing multiple software flaws with the pump. BD agreed to pay a $175 million civil penalty.
Read More: <a href="https://www.benzinga.com/general/social-media/24/12/42598651/mystery-drone-sightings-all-over-the-country-trump-says-what-to-know-about-investigations-lawmakers-reactions">&#8216;Mystery Drone&#8217; Sightings Spark Investigations, Politicians Respond: &#8216;Shoot Them Down,&#8217; Trump Says</a>
"BD repeatedly painted a misleading picture of its Alaris infusion pump for investors and then doubled down by keeping them in the dark when the device's issues came to a head with the FDA in late 2019," said Sanjay Wadhwa, Acting Director of the SEC's Division of Enforcement.&nbsp;
"Public companies have a fundamental duty to accurately disclose material business risks and should expect to be held accountable when they fall short in that regard," Wadhwa added.&nbsp;
The SEC's order finds that BD violated antifraud, reporting, internal accounting controls, books and records and disclosure controls provisions of the federal securities laws. BD agreed to cease and desist from further violations of these provisions, to retain an independent compliance consultant to review and make recommendations concerning its disclosure controls and procedures and to the $175 million civil penalty, without admitting or denying the SEC's findings.&nbsp;
Express Fails To Disclose CEO's Full Executive Compensation&nbsp;
The SEC announced on Tuesday that it has settled charges against fashion retailer Express, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EXPRQ#OTC">EXPRQ</a>) for failing to disclose executive compensation it paid to its now former CEO with Express agreeing to a cease-and-desist order, without admitting or denying the SEC's findings.
According to the SEC's order, Express failed to disclose $979,269 worth of perks and personal benefits provided to its CEO for fiscal years 2019, 2020, and 2021. As a result, Express understated the "All Other Compensation" portion of its CEO's compensation by an average of 94% over the three years. The company filed for Chapter 11 bankruptcy earlier this year.&nbsp;
"Public companies have a duty to comply with their disclosure obligations regarding executive compensation, including perks and personal benefits, so that investors can make educated investment decisions," said Sanjay Wadhwa, Acting Director of the SEC's Division of Enforcement.&nbsp;
"Here, although Express fell short in carrying out its obligation, the Commission declined to impose a civil penalty based, in part, on the company's self-report, cooperation with the staff's investigation, and remedial efforts," Wadhwa added. 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/12/42564443/santa-came-early-with-rate-cut-but-federal-reserve-brings-coal-next-year-experts-weigh-in-on-rate-cut-feds-2025-projections">&#8216;Santa Came Early&#8217; But Fed Brings &#8216;Coal Next Year&#8217;: Experts Weigh In On Interest Rate Cut, 2025 Projections</a></li>
</ul>
Image: Yildiray Yücel Kamanmaz from Pixabay

Legal

EXPRQ

Financial Crime Weekly: Becton, Dickinson And Co. Pays $175 Million Penalty, Express Fails To Disclose CEO's Full Compensation

Facing a looming government shutdown, the Senate moved swiftly on Saturday to pass a bipartisan bill that temporarily funds federal operations and provides disaster aid. 
What Happened: The House, led by Speaker Mike Johnson, overwhelmingly approved the legislation, 366-34, before the Senate passed it late Friday night with an 85-11 vote. The White House confirmed shutdown preparations ceased at midnight, with President Joe Biden expected to sign the bill into law on Saturday.
The measure notably excludes President-elect Donald Trump's demand for a debt ceiling increase, pushing that contentious issue into the new year, <a href="https://apnews.com/article/trump-government-shutdown-deadline-speaker-johnson-budget-da117337aa0c0adab34a5626bb5816af">reports</a> The Associated Press.
Johnson described the outcome as "a good result for the country" and noted that Trump, while initially critical of the deal, expressed satisfaction with the final outcome. 
However, Trump had earlier warned in a social media post that without a debt ceiling provision, "let the closures start now."
The legislation, a drastically slimmed-down 118-page package, funds federal operations through March 14, allocates $100 billion for disaster relief, and includes $10 billion for agricultural aid. 
<a href="https://www.benzinga.com/markets/24/12/42497093/stock-market-predictions-for-2025-a-mixed-bag-of-expectations">Also Read: Stock Market Predictions for 2025: A Mixed Bag Of Expectations</a>
Absent from the final version is Trump's demand for a long-term debt ceiling increase, which GOP leaders promised to address next year as part of broader fiscal negotiations. Republicans also agreed to pursue $2.5 trillion in spending cuts over a decade.
While the bill garnered bipartisan support, it exposed fractures within the GOP. Many conservative Republicans voted against the measure, preferring deeper spending cuts. 
Meanwhile, House Democrats provided significant support, with Minority Leader Hakeem Jeffries (D-N.Y.) crediting his caucus for preventing a shutdown and protecting working-class Americans.
However, Democratic concerns over the influence of billionaire Elon Musk on the legislative process sparked debate. "Who is in charge?" asked Rep. Rosa DeLauro (D-Conn.), suggesting Musk was exerting undue sway over Trump's allies, reports the outlet.
Why It Matters: Trump, alongside Musk, who heads the newly established Department of Government Efficiency, is pushing an aggressive agenda to cut federal budgets and reshape government operations. 
Musk has even been floated as a potential speaker by some Trump allies. Meanwhile, Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell warned of the economic and political consequences of another shutdown.
As Congress grapples with balancing Trump's demands and bipartisan governance, Johnson's ability to lead will face significant scrutiny in the months ahead.
Read Next
<a href="https://www.benzinga.com/markets/24/12/42571835/trumps-rejection-of-bipartisan-deal-fuels-government-shutdown-fears-how-markets-historically-react-to-political-turmoil">Trump&#8217;s Rejection Of Bipartisan Deal Fuels Government Shutdown Fears: How Markets Historically React To Political Turmoil</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Senate Avoids Shutdown With Last-Minute Deal Amid Trump's Debt Ceiling Demands

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
Major averages jumped on Friday but still logged weekly losses, with the Dow down 2.3%, the S&amp;P 500 falling 2%, and the Nasdaq losing 1.8%. 
The Federal Reserve&#8217;s widely anticipated 25-basis-point rate cut on Wednesday was overshadowed by its revised 2025 inflation forecasts and Jerome Powell&#8216;s cautious stance, dampening hopes for deeper cuts next year. Powell emphasized a "new phase" of monetary policy after a 100-basis-point reduction in 2024, signaling <a href="https://www.benzinga.com/news/large-cap/24/12/42629219/fed-cuts-interest-rates-but-powell-spoils-santa-claus-rally-dollar-surges-to-over-2-year-high-bitcoin-sinks-below-100000-this-week-in-the-market">only gradual easing in 2025</a>.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which had reached a record $108,388 before the Fed meeting, fell below $100,000 as markets absorbed the news.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/tech/24/12/42525257/analyst-hikes-teslas-price-target-to-515-musk-expresses-hope-for-stock-to-touch-69042">Elon Musk Hopes TSLA Stock Will Reach $690 As Analysts Raise Price Target Despite Technical Indicators Flashing Warning Signals</a>,&#8221; by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, reports Elon Musk's optimism about Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) reaching $690, as analysts upgraded the stock with $515 price targets, citing potential benefits from Musk's alignment with Donald Trump's pro-autonomous vehicle policies.
&#8220;<a href="https://www.benzinga.com/24/12/42602503/dave-portnoy-says-he-owns-15-million-bitcoin-13-million-xrp-bet-it-and-set-it-not-trading">Dave Portnoy Says He Owns $1.5 Million Bitcoin, $1.3 Million XRP: &#8216;Bet It And Set It, Not Trading&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a> , reveals that Dave Portnoy, founder of Barstool Sports, holds $1.5 million in Bitcoin and $1.3 million in XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), emphasizing a long-term investment strategy rather than active trading, following insights from a recent conversation with Michael Saylor.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42516826/nvidia-and-5-other-stocks-are-analysts-top-semiconductor-picks-for-2025-sees-2-ai-trends">Nvidia And 5 Other Stocks Are Analyst&#8217;s Top Semiconductor Picks For 2025, Sees 2 AI Trends</a>,&#8221; by <a href="https://www.benzinga.com/author/hayden-buckfire">Hayden Buckfire</a>, highlights a Bank of America analyst naming NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) as top AI-driven semiconductor picks for 2025, alongside Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), and Cadence Design Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>).
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/tech/24/12/42547442/microsof-scoops-up-485000-nvidia-ai-chips-twice-as-many-as-its-closest-rival-meta-report">Microsoft Scoops Up 485,000 Nvidia AI Chips, Twice As Many As Its Closest Rival Meta: Report</a>
<a href="https://www.benzinga.com/trading-ideas/24/12/42599673/amazon-has-20000-rivian-electric-delivery-vans-in-fleet-heres-what-could-be-next-for-both-companies">Amazon Has 20,000 Rivian Electric Delivery Vans In Fleet: Here&#8217;s What Could Be Next For Both Companies</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/24/12/42535298/joby-clears-faa-tail-test-stock-flies-higher">Joby Clears FAA Tail Test, Stock Flies Higher</a>
The Bears
&#8220;<a href="https://www.benzinga.com/markets/equities/24/12/42522048/jim-cramer-warns-nvidias-vicious-and-fast-reversal-is-coming-amid-174-surge-this-year-and-china-antitrust-probe">Jim Cramer Warns Nvidia&#8217;s &#8216;Vicious&#8217; And &#8216;Fast&#8217; Reversal Is Coming Amid 174% Surge This Year And China Antitrust Probe</a>,&#8221; by <a href="https://www.benzinga.com/author/kaustubh-bagalkote">Kaustubh Bagalkote</a>, features Jim Cramer's caution about NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) facing a sharp correction after its 174% YTD gain, amid heightened regulatory scrutiny from China over its Mellanox Technologies acquisition.
&#8220;<a href="https://www.benzinga.com/trading-ideas/movers/24/12/42568740/dogecoin-bull-says-he-had-to-sell-as-meme-king-plunges-to-5-week-low-but-derivative-traders-remain-bullish">Dogecoin Bull Says He &#8216;Had To Sell&#8217; As Meme King Plunges To 5-Week Low But Derivative Traders Remain Bullish</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, reports on Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) dropping amid Federal Reserve concerns, with early adopter Glauber Contessoto selling some holdings.
&#8220;<a href="https://www.benzinga.com/24/12/42517567/cvs-cigna-unitedhealth-shares-slide-as-trump-targets-drug-middleman">CVS, Cigna, UnitedHealth Shares Slide As Trump Targets Drug &#8216;Middleman&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, reports that shares of CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>), and UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) dropped after Trump vowed to eliminate Pharmacy Benefit Managers, citing their role in inflating drug prices and contributing to industry inefficiencies.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/global/24/12/42559347/trump-administration-could-ban-amazons-top-selling-routers-linked-to-chinese-cyberattacks-report">Trump Administration Could Ban Amazon&#8217;s Top-Selling Routers Linked To Chinese Cyberattacks: Report</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42529095/bitcoin-crash-could-trigger-stock-market-decline-in-2025-warns-expert-im-very-worried-that-people-overextended-themselves">Bitcoin Crash Could Trigger Stock Market Decline In 2025, Warns Expert: &#8216;I&#8217;m Very Worried That People Overextended Themselves&#8217;</a>
<a href="https://www.benzinga.com/trading-ideas/24/12/42536470/costco-warns-that-tariffs-raise-prices-trump-team-says-trade-policies-will-make-life-affordable">Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will &#8216;Make Life Affordable&#8217;</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.

Long Ideas

Short Ideas

Commodities

Trading Ideas

$DOGE

$XRP

AVGO

CDNS

LRCX

MRVL

NVDA

TSLA

Benzinga Bulls And Bears: Tesla, Broadcom, UnitedHealth, Bitcoin And Dogecoin Bull 'Had To Sell' After Price Plunge

The ability for college athletes to be paid for their name, image and likeness in a blockbuster 2021 NCAA agreement has changed NCAA Football forever and will see one player get paid in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in 2025, following other professional<a href="https://www.benzinga.com/general/sports/24/11/41918833/nfl-player-mocked-for-taking-salary-in-bitcoin-russell-okung-may-have-the-last-laugh-as-btc-soars"> athletes into cryptocurrency</a>.
What Happened: Since the approval of NIL deals, top <a href="https://www.benzinga.com/topic/ncaa-football">NCAA Football players</a> have been able to earn thousands and millions of dollars on deals.
USC recruit Matai Tagoa'i announced he will be paid in Bitcoin for a portion of his NIL payments starting next year, as reported by On3.
The deal comes through a partnership with Strike, a Bitcoin payments app. USC NIL collective House of Victory helped facilitate the deal.
"This is a game-changer for me. By taking part of my NIL earnings in Bitcoin, I'm setting myself up for long-term financial growth. I'm grateful to Strike, House of Victory and 3Point0 Labs for helping me take this step," Tagoa'i said.
With the deal, Tagoa'i is believed to be the first college athlete to get paid NIL payments in Bitcoin.
"I'm proud to be part of this innovative collaboration that's redefining the future of college athletics and finance and hope to set an example for other young athletes."
Strike founder Jack Mallers, who has helped with other <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/21984141/nfls-saquon-barkley-to-take-100-of-endorsement-money-in-bitcoin">Bitcoin deals for athletes</a>, took to social media to share his excitement for the deal.
"Bitcoin is more than a new technology. Bitcoin is a cultural phenomenon. An idea and a movement that's time has come. Excited to work with @mataitagoai and more athletes around the world that want to keep the wealth they earn and inspire new generations to sue better money," Mallers tweeted.
A four-star recruit and top-100 recruit nationwide, the linebacker is expected to be a key to USC Football next season. Tagoa'i picked USC over other top schools he was considering including Oklahoma, Texas, Texas A&amp;M and Washington.
USC finished with a 6-6 record in the 2024 NCAA Football season, including a 4-5 record in the Big Ten Conference, its first in the conference.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40047361/soccer-player-bet-on-bitcoin-in-2021-with-salary-is-now-up-over-100-im-a-simple-man-i-like">Soccer Player Bet On Bitcoin In 2021 With Salary, Is Now Up Over 100%: &#8216;I&#8217;m A Simple Man, I Like Playing Football And I Like Playing With My Bitcoins&#8217;</a>
Why It's Important: Former NFL player Russell Okung previously made headlines in 2020 as he announced that half his salary would be paid in Bitcoin.
While many criticized the deal and later took shots at Okung when the price of Bitcoin went down, the former NFL player is having the last laugh now with Bitcoin<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42367065/exclusive-bitcoin-briefly-tops-100000-but-where-do-benzinga-readers-predict-it-will-finish-2024"> trading near $100,000</a> and significantly higher than when he acquired it.
The approval of NIL continues to play a big role in college sports, specifically college football and the deal between Strike and Tagoa'i could be the first of more cryptocurrency deals to come.
<a href="https://www.benzinga.com/news/21/07/21816797/ncaa-athletes-can-now-make-a-profit-off-their-nil-what-to-know-and-some-early-deals">NIL deals</a> have even seen one of the richest people in the world help the University of Michigan <a href="https://www.benzinga.com/24/11/42201909/hail-to-the-victors-and-larry-ellison-billionaire-helps-michigan-football-land-top-recruit-bryce-underwood">land a top QB recruit, </a>as Benzinga previously shared. NIL is also the reason there was a new NCAA Football game for Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) this season, which went on to be a top selling game for the year.
BTC Price Action: Bitcoin trades at $95,924.19 at the time of writing, versus a 52-week trading range of $38,521.89 to $108,268.45. Bitcoin is up 117% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports/24/12/42521231/travis-hunter-wins-heisman-will-he-be-1-pick-in-2025-nfl-draft-what-betting-odds-history-show">Travis Hunter Wins Heisman, Will He Be #1 Pick In 2025 NFL Draft? What Betting Odds, History Show</a></li>
</ul>

Sports

USC Football Player Gets NIL Earnings In Bitcoin: 'Setting Myself Up For Long-Term Financial Growth'

Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) has <a href="https://www.benzinga.com/24/12/42321349/drakes-legal-fight-involving-kendrick-lamar-takes-center-stage-and-so-do-their-mega-mansions">strongly denied allegations</a> from Drake that it &#8220;artificially inflated&#8221; streaming numbers for rival artist Kendrick Lamar&#8217;s track &#8220;Not Like Us.&#8221;
What Happened: In opposition papers filed, Spotify stated it &#8220;has no economic incentive&#8221; to favor Lamar&#8217;s track over Drake&#8217;s music, <a href="https://variety.com/2024/music/news/spotify-slams-drake-claim-inflated-kendrick-lamar-streams-1236256265/">reported</a> Variety.
&#8220;Marquee was purchased on behalf of the song, for €500 to promote the track in France. Marquee is a visual ad that is disclosed to users as a Sponsored Recommendation,&#8221; stated a Spotify spokesperson.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/09/41009103/spotifys-ai-playlist-now-available-in-us-other-countries-heres-how-it-works">Spotify&#8217;s AI Playlist Now Available In US, Other Countries: Here&#8217;s How It Works</a>
Drake&#8217;s company Frozen Moments had previously filed a petition claiming that Spotify and Universal Music Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UMGNF#OTC">UMGNF</a>) artificially boosted Lamar&#8217;s streaming numbers.
The petition alleged UMG offered Spotify a 30% discount on licensing rates in exchange for promoting &#8220;Not Like Us,&#8221; a claim both companies deny.
Earlier, Universal Music Group rejected the accusations as &#8220;offensive and untrue,&#8221; underscoring their commitment to ethical marketing practices. A UMG spokesperson stated that fan choice, not manipulation, drives streaming numbers.
Drake&#8217;s legal team responded through a statement to Variety, challenging both companies to comply with discovery requests if they have &#8220;nothing to hide.&#8221;
Why It Matters: The dispute has expanded beyond streaming numbers, with Drake filing a separate action in Texas alleging defamation and improper radio promotion practices.
Neither artist is directly signed to UMG, instead licensing their music through their own companies &#8211; Drake&#8217;s OVO and Lamar&#8217;s pgLang &#8211; to Universal labels for marketing and distribution.
Sources familiar with the matter suggest that Drake&#8217;s petition primarily targets Universal — the label responsible for distributing his music since his 2009 debut with Lil Wayne's Young Money — rather than Spotify, iHeart, or Lamar himself, the report noted.
However, the timing of the legal action, revolving around a song tied to the prolonged feud between the two artists, seems far from coincidental.
"Not Like Us" stands out as a diss track that not only climbed to the top of the Billboard Hot 100 but also secured multiple nominations for the 2025 Grammy Awards.
Price Action: Spotify&#8217;s stock rose by 1.48% on Friday, closing at $460.88. Year-to-date, the company&#8217;s shares have skyrocketed 144.11%, significantly outperforming the Nasdaq 100 index, which has gained 28.68% during the same timeframe, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Entertainment

Tech

Media

SPOT

UMGNF

Spotify Fires Back At Drake: Calls 'Artificially Inflated Streams' Allegation Over Kendrick Lamar's Hit Unfounded

Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) shares are soaring in after-hours trading Friday after the company announced it has entered into a definitive agreement for a <a href="https://www.benzinga.com/pressreleases/24/12/g42630663/rumble-announces-775-million-strategic-investment-from-tether">strategic investment of $775 million</a> from Tether. 
The Details: Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) has agreed to purchase 103.33 million shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble. 
Rumble said it will use $250 million of the proceeds to support growth initiatives and the remaining proceeds to fund a self tender offer for up to 70 million of its Class A Common Stock at $7.50 per share.
Tether's investment and the tender offer are expected to close in the first quarter of 2025. Rumble&#8217;s existing Board and governance structure will remain unchanged following the closing of the transaction.
Read More: <a href="https://www.benzinga.com/general/social-media/24/12/42598651/mystery-drone-sightings-all-over-the-country-trump-says-what-to-know-about-investigations-lawmakers-reactions">&#8216;Mystery Drone&#8217; Sightings Spark Investigations, Politicians Respond: &#8216;Shoot Them Down,&#8217; Trump Says</a>
Chris Pavlovski, Rumble&#8217;s CEO, will retain his controlling stake in the company following the completion of the transaction.&nbsp;
&#8220;I could not be more excited about this collaboration with Tether for a number of reasons. First, many people may not realize the incredibly strong connection between the cryptocurrency and free speech communities, which is rooted in a passion for freedom, transparency, and decentralization," said Pavlovski.&nbsp;
"Second, the immediate commitment of adding $250 million in cash to our balance sheet not only confirms the level of support and commitment to a collaboration between our companies, it also fuels our growth initiatives. And, third, this transaction provides an immediate liquidity event for all of our stockholders who elect to participate in the self tender offer," he added.&nbsp;
Paolo Ardoino, CEO of Tether, commented on the investment in Rumble.&nbsp;
&#8220;Tether&#8217;s investment in Rumble reflects our shared values of decentralization, independence, transparency, and the fundamental right to free expression. In today&#8217;s world, legacy media has increasingly eroded trust, creating an opportunity for platforms like Rumble to offer a credible, uncensored alternative," said Ardoino.
RUM Price Action: According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, Rumble shares are up 50.7% at $10.79 in after-hours trading Friday. 
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Image: Shutterstock

$USDT

Rumble Stock Soars On $775 Million Investment From Tether: What To Know

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining company MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) announced the acquisition of 15,574 BTC for $1.53 billion, funded by $1.925 billion raised through zero-coupon convertible notes issued in November and December.
What Happened: In a post on social media platform X, MARA revealed its total Bitcoin holdings now stand at 44,394 BTC, valued at approximately $4.3 billion based on Bitcoin&#8217;s current price of $97,377.
The Florida-based firm acquired the cryptocurrency at an average price of $98,529 per Bitcoin.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42545656/bitcoin-is-no-manhattan-real-estate-peter-schiff-challenges-microstrategys-micheal-saylor-btc-doesnt-generate-any-income">Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy&#8217;s Michael Saylor: &#8216;BTC Doesn&#8217;t Generate Any Income&#8217;</a>
Additionally, MARA repurchased $263 million of its existing convertible notes due in 2026 and plans to use the remaining funds to buy more Bitcoin.
The company also highlighted its Bitcoin yield achievements, reporting a quarter-to-date (QTD) yield of 22.5% and a year-to-date (YTD) yield of 60.9%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> and repurchased ~$263 million in aggregate principal amount… <a href="https://t.co/ycGRk9BYfv">pic.twitter.com/ycGRk9BYfv</a>
&mdash; MARA (@MARAHoldings) <a href="https://twitter.com/MARAHoldings/status/1869729480211664974?ref_src=twsrc%5Etfw">December 19, 2024</a></blockquote>
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Why It Matters: Bitcoin proxy MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has been <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42509614/microstrategy-expands-bitcoin-holdings-by-15350-btc-worth-15-billion-after-joining-nasdaq-100">aggressively buying up BTC</a> by raising funds through both stock offerings as well as debt. It holds 2.1% of the Bitcoin supply, or about 439,000 BTC, at an average price of $61,725.
Other Bitcoin mining firms are similarly bolstering their reserves.
Hut 8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) <a href="https://www.benzinga.com/24/12/42596774/whats-going-on-with-hut-8-shares-today">recently acquired 990 BTC</a> for $100 million, bringing its total holdings to 10,096 BTC, worth approximately $983.1 million.
The company's CEO Asher Genoot emphasized the strategic value of building Bitcoin reserves to strengthen the company's financial position while pursuing growth in power and digital infrastructure.
Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) also increased its Bitcoin holdings by <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42485534/riot-platforms-acquires-5117-bitcoin-for-510million">purchasing 5,117 BTC</a> through company-issued bonds, bringing its total to 16,728 BTC, valued at $1.63 billion.
Price Action: Bitcoin was hovering around $97,606 at the time of writing, gaining 0.71% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
MARA Holdings stock gained nearly 2% in after-hours trading on Friday, after closing at $19.96 during the regular trading session.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

MARA

MSTR

RIOT

Bitcoin Miner MARA Holdings Embraces MicroStrategy Playbook, Acquires $1.53 Billion Worth BTC

Electric vehicle manufacturer Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has reportedly struck a confidential deal with the United Auto Workers (UAW) union.
What Happened: This "secret" agreement would see Rivian remain neutral towards unionization efforts at its Illinois plant if the company achieves certain financial milestones, including profitability, according <a href="https://www.bloomberg.com/news/articles/2024-12-19/uaw-rivian-rivn-strike-secret-deal-to-ease-unionization-of-ev-factory-workers">to</a> a report by Bloomberg, citing sources familiar with the matter.
This &#8220;secret&#8221; deal could smooth the path for the UAW to represent Rivian&#8217;s workers, potentially giving them a greater voice in areas like pay and working conditions.
The deal is also believed to be a factor in Rivian securing a $6.6 billion conditional loan from the U.S. Department of Energy to support its expansion plans, including a new factory in Georgia.
While Rivian has yet to turn a profit, it aims to do so in the near future. The company is ramping up production of its existing R1 models and plans to launch a more affordable R2 model in 2026, significantly increasing its production capacity.
See Also: <a href="https://www.benzinga.com/24/12/42633974/tesla-cybertruck-units-reportedly-found-with-cell-dent-issues-ev-giant-starts-replacing-battery-packs">Tesla Cybertruck Units Reportedly Found With Cell Dent Issues: EV Giant Starts Replacing Battery Packs</a>
This potential unionization comes as the UAW has been actively targeting the growing EV sector. If successful, it could have broader implications for labor relations in the rapidly evolving EV industry.
Why It Matters: Rivian Automotive is intensifying efforts to achieve profitability by 2025 through strategic initiatives, including a significant partnership with Volkswagen, cost-cutting measures, and the introduction of more affordable electric vehicles (EVs).
Rivian is also focusing on reducing production costs and plans to launch the R2 series, a line of budget-friendly EVs, by 2026.
Vivek Ramaswamy, recently appointed to lead the Department of Government Efficiency (DOGE) alongside Tesla Inc. CEO Elon Musk, <a href="https://www.benzinga.com/news/24/11/42255070/musk-ally-ramaswamy-takes-aim-at-bidens-6-6b-loan-to-tesla-rival-rivian">criticized the Biden administration&#8217;s approval</a> of a $6.6 billion loan to Rivian.
Ramaswamy argues that the loan is an inefficient use of taxpayer money, estimating a cost of approximately $880,000 per job created, and suggests it may be a politically motivated move against Tesla. He has indicated that DOGE will scrutinize such expenditures upon taking office.
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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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

RIVN

Rivian Reportedly Struck A 'Secret' Deal With UAW That Also Helped It Secure $6.6 Billion Loan From Department Of Energy

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has reportedly found some units of <a href="https://www.benzinga.com/topic/cybertruck">Cybertruck</a> with "cell dent" issues and the company has started replacing battery packs of those cars.
What Happened: According to a report <a href="https://electrek.co/2024/12/20/tesla-finds-cell-dent-issues-in-cybertrucks-starts-replacing-battery-packs/">by</a> Electrek, citing sources familiar with the matter, Tesla has identified the cell dent issue with some Cybertruck units and it has begun sending them back to Gigafactory Texas to solve the problem.
Tesla identified the issue in several inventory vehicles but has not found it in customer-delivered models. The Cybertruck is unique among Tesla&#8217;s lineup as the only vehicle using the company's in-house 4680 battery cells.
Tesla currently produces several thousand Cybertrucks weekly at Gigafactory Texas but has already issued multiple recalls. Many owners have reported frequent service visits, with some even asking Tesla if it would buy back those faulty units.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">No, I don't really want to talk about it &#x1f34b; After several failures in our sub 1500 VIN Cybertruck including but not limited to: front motor inverter, rear motor inverter, rear wheel steering, and more under 25k mi, I asked if Tesla would consider buying it back. Overall it's been… <a href="https://t.co/g0n7gvJeho">pic.twitter.com/g0n7gvJeho</a>
&mdash; The Kilowatts &#x1f697;&#x26a1;&#xFE0F; (@klwtts) <a href="https://twitter.com/klwtts/status/1869814610049806737?ref_src=twsrc%5Etfw">December 19, 2024</a></blockquote>
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Why It Matters: While Tesla has big ambitions for the Cybertruck, it has recently faced demand hurdles. The EV giant reportedly <a href="https://www.benzinga.com/24/12/42501487/cybertruck-production-rate-was-reduced-even-before-decembers-production-pause-says-tesla-researcher">reduced the production rate</a> of the Cybertruck, with over 9,000 units still in its inventory.
According to Tesla researcher Troy Teslike, Cybertruck production was reduced by over 55% on Nov. 10.
Tesla also <a href="https://www.benzinga.com/24/12/42283708/tesla-gives-cybertruck-production-line-workers-three-days-off-report">announced a three-day production pause</a>, giving workers on the Cybertruck line paid time off.
Another sign of possible demand hurdles is that Tesla is <a href="https://www.benzinga.com/tech/24/12/42524912/teslas-99k-foundation-series-cybertrucks-still-available-a-sign-of-possible-demand-hurdles">still selling</a> its premium $99,990 foundation series Cybertruck, suggesting that it has not yet sold out all of its inventory.
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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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tesla Cybertruck Units Reportedly Found With Cell Dent Issues: EV Giant Starts Replacing Battery Packs

On Friday, ChatGPT-maker OpenAI unveiled its next-generation reasoning model, o3, as the successor to o1, capping off the company's <a href="https://www.benzinga.com/tech/24/12/42332451/sam-altman-teases-12-days-of-openai-christmas-magic-users-predict-unveiling-of-sora-o1-reasoning-model-and-more">12 days of shipmas</a> announcements.
What Happened: On the final day of its &#8220;12 Days of OpenAI&#8221; event, the AI startup revealed o3, which brings significant advancements in reasoning and coding capabilities.
Alongside o3, Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI also introduced o3-mini, a smaller version designed for specific, more targeted applications.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We announced <a href="https://twitter.com/OpenAI?ref_src=twsrc%5Etfw">@OpenAI</a> o1 just 3 months ago. Today, we announced o3. We have every reason to believe this trajectory will continue. <a href="https://t.co/Ia0b63RXIk">pic.twitter.com/Ia0b63RXIk</a>
&mdash; Noam Brown (@polynoamial) <a href="https://twitter.com/polynoamial/status/1870172996650053653?ref_src=twsrc%5Etfw">December 20, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/12/42509206/soundhound-ai-soars-over-700-short-squeeze-potential-has-traders-talking?itm_source=parsely-api">SoundHound AI Soars 700%: Short Squeeze Potential Has Traders Talking</a>
"We view this as the beginning of the next phase of AI. Where you can use these models to do increasingly complex tasks that require a lot of reasoning," stated OpenAI CEO Sam Altman.
The company has begun rolling out o3 to select safety researchers, with plans for broader availability soon. The application window closes on Jan. 10.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">if you are a safety researcher, please consider applying to help test o3-mini and o3. excited to get these out for general availability soon. extremely proud of all of openai for the work and ingenuity that went into creating these models; they are great.
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1870176283851903152?ref_src=twsrc%5Etfw">December 20, 2024</a></blockquote>
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Altman also stated that the o3-mini may launch by the end of January, followed by the full release of the o3 model.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Notably, OpenAI skipped over naming the new model &#8220;o2,&#8221; to avoid potential trademark conflicts with British telecom provider O2, <a href="https://www.theinformation.com/briefings/openai-announces-new-reasoning-model-o3">according</a> to The Information.
Why It Matters: OpenAI's progress is evident in the ARC-AGI benchmark, where o3 scored 87.5% on the high compute setting, tripling o1's performance on the lower setting.
The ARC-AGI test is often used to measure progress toward achieving Artificial General Intelligence (AGI) by assessing a model's performance in areas that require advanced problem-solving and reasoning.
However, ARC-AGI co-creator François Chollet also noted that o3 struggles with "very easy tasks" in ARC-AGI, suggesting it has "fundamental differences" from human intelligence.&nbsp;
&#8220;While the new model is very impressive and represents a big milestone on the way towards AGI, I don&#8217;t believe this is AGI &#8212; there&#8217;s still a fair number of very easy ARC-AGI-1 tasks that o3 can&#8217;t solve, and we have early indications that ARC-AGI-2 will remain extremely challenging for o3,&#8221; Chollet stated.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today OpenAI announced o3, its next-gen reasoning model. We&#39;ve worked with OpenAI to test it on ARC-AGI, and we believe it represents a significant breakthrough in getting AI to adapt to novel tasks. It scores 75.7% on the semi-private eval in low-compute mode (for $20 per task… <a href="https://t.co/ESQ9CNVCEA">pic.twitter.com/ESQ9CNVCEA</a>
&mdash; François Chollet (@fchollet) <a href="https://twitter.com/fchollet/status/1870169764762710376?ref_src=twsrc%5Etfw">December 20, 2024</a></blockquote>
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As part of its &#8220;12 Days of OpenAI&#8221; event, the AI startup rolled out the ChatGPT Search engine to all users, <a href="https://www.benzinga.com/tech/24/12/42523020/chatgpt-search-goes-free-openai-challenges-googles-unbroken-search-dominance">including those on the free tier</a>.
The AI startup also unveiled its text-to-image model, Sora, and introduced a $200 monthly ChatGPT Pro <a href="https://www.benzinga.com/tech/24/12/42356469/openai-unveils-200-chatgpt-pro-subscription-inside-the-o1-reasoning-model-and-what-it-means-for-power-users">subscription</a>.
Earlier this month, Alphabet Inc. (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>) also launched the <a href="https://www.benzinga.com/24/12/42446686/google-introduces-ai-agent-prototype-that-can-browse-the-web">second generation</a> of its Gemini AI model to regain its position at the forefront of the AI technology race.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42499609/micron-gets-investment-from-white-house-china-launches-antitrust-investigation-on-nvidia-apple-faces-1-2-billion-lawsuit-in-california-more-consumer-tech-news-december-9-13?itm_source=parsely-api">Micron Gets Investment From White House, China Launches Antitrust Investigation On Nvidia, Apple Faces $1.2 Billion Lawsuit In California &amp; More: Consumer Tech News</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

GOOG

GOOGL

MSFT

ChatGPT Maker OpenAI Drops o3 Reasoning Model As o1's Successor: Greg Brockman Calls It A 'Breakthrough'

Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) bagged a key win <a href="https://www.benzinga.com/news/global/24/12/42520522/arm-qualcomm-face-off-in-court-what-to-expect-from-silicon-soap-opera">in its legal battle</a> against semiconductor design company Arm Holdings Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>).
What Happened: A federal jury in Delaware ruled that Qualcomm did not violate its licensing agreement with Arm, clearing a hurdle for the San Diego, California headquartered chipmaker.
Qualcomm's win was the result of a mistrial after the jury could not resolve one of the three questions put before it for deliberation. This means Arm can take Qualcomm to the court once again in the future.
While the ruling said Qualcomm did not breach its licensing agreement with Arm, the jury could not determine if Nuvia is guilty of doing so. Nuvia is a startup that was acquired by Qualcomm in 2021 for $1.4 billion.
Qualcomm used Nuvia to bolster its Snapdragon X line of chips that power some Windows laptops. The company projected savings of up to $1.4 billion a year thanks to Nuvia acquisition.
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42378342/intel-stock-is-where-it-was-27-years-ago-how-the-worlds-leading-chipmaker-lost-the-plot-thrice">Intel Stock Is Where It Was 27 Years Ago: How The World&#8217;s Leading Chipmaker Lost The Plot, Thrice</a>
Why It Matters: SoftBank Group-backed Arm <a href="https://www.benzinga.com/markets/equities/24/10/41481425/softbank-backed-arm-threatens-to-cancel-qualcomms-chip-design-license-ahead-of-trial-in-december">threatened to cancel</a> Qualcomm's chip design license ahead of the December trial.
Qualcomm's chips power many Android smartphones and tablets – these chip sales account for a large portion of the company's $39 billion revenue.
The company called it an attempt to "strong-arm a longtime partner."
"We are confident that Qualcomm&#8217;s rights under its agreement with Arm will be affirmed," a Qualcomm spokesperson said, according to the report.
Price Action: Qualcomm stock gained over 1.8% in after-hours trading to hover around $152.89, while Arm stock fell by over 1.4% to $132.15, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
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://www.benzinga.com/24/12/42310095/apple-shares-hit-new-high-despite-iphone-sales-slowdown-expert-reiterates-that-street-is-starting-to-realize-iphone-16-is-the-start-of-a-super-cycle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AAPL Stock Hits New High Despite Sales Slowdown: Tech Bull Says ‘Street Is Realizing&#8217; iPhone 16 Marks The ‘Start Of A Super Cycle&#8217; For Apple</a></li>
</ul>
Photo courtesy: Qualcomm

QCOM

Qualcomm Bags Win In Chips Licensing Trial Against Arm, But The Battle Is Not Over Yet

The e-commerce sector looks promising due to the growth of mobile commerce and social media, along with advances in the internet, personalized ads, and improved user experiences. Therefore, adding strong e-commerce stocks like eBay (EBAY), Amazon (AMZN), and Dingdong (DDL) could be a smart move to benefit from the online retail boom. Keep reading... The e-commerce industry is experiencing rapid growth, driven by the surge in online shopping, mobile commerce expansion, and emerging markets in developing countries. Moreover, trends such as social commerce and AI-driven personalization are enhancing customer engagement and online retail sales, presenting promising investment opportunities.
To capitalize on this online retail boom, investors might consider buying strong e-commerce stocks such as eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>), Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), and Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>) now.
E-commerce in 2024 shows promise with advancements like Generative AI and zero-click search, which enhance the user experience. Personalized advertising and retail media networks are gaining momentum, while the rise of second-hand marketplaces, high-quality products, and seamless payment options further boost the sector's appeal. Hence, investing now can help capitalize on these transformative trends.
While overall retail sales growth has slowed slightly, sectors like clothing, accessories, and health products are thriving. Despite high interest rates and economic caution, rising online sales are driving growth. U.S. e-commerce revenue is projected to increase significantly by <a href="https://www.statista.com/statistics/272391/us-retail-e-commerce-sales-forecast/">$657.8 billion</a>, or 53.79%, from 2024 to 2029. Moreover, China's online sales of physical goods also rose by <a href="https://www.cnbc.com/2024/08/15/china-july-data-retail-sales-industrial-production.html">14% in July</a>.
Notably, U.S. online retail sales are set to hit <a href="https://www.fticonsulting.com/insights/reports/2024-online-retail-report#:~:text=We%20project%20U.S.%20online%20retail%20sales%20will%20hit%20%241.2%20trillion%20in%202024.&amp;text=Estimated%20increase%20in%20U.S.%20online,%2C%20or%209.8%25%20over%202023.&amp;text=Expected%20U.S.%20e%2Dcommerce%20market,at%20the%20end%20of%202023.">$1.2 trillion this year</a>, marking a $108 billion (9.8%) increase from last year. Furthermore, the rise of high-speed internet has transformed global e-commerce, with innovations such as chatbots, headless commerce, AR shopping, and blockchain technology driving significant growth in the sector.
Considering these conducive trends, let's examine the fundamentals of the three above-mentioned <a href="https://stocknews.com/category/internet/">Internet</a> stocks, starting with the third choice.
Stock #3: eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>)
EBAY operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platforms include eBay.com and the eBay suite of mobile apps. They enable users to list, buy, and sell various products.
On July 10, 2024, EBAY announced a new revenue-based financing product, Business Cash Advance, in partnership with Liberis. This service provides eligible U.S. eBay sellers with up to $1 million in working capital within 24 hours, featuring flexible payments and a seamless online application process.
On June 13, 2024, EBAY announced the addition of Venmo as a payment option for U.S. buyers, aiming to enhance flexibility and appeal to younger, mobile-first consumers. This integration allows users to pay with their Venmo balance or linked financial accounts during checkout on ebay.com.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> margin, EBAY's 21.45% is 174.1% higher than the 7.83% industry average. Its 4.35% trailing-12-month Capex / Sales is 45% higher than the 3% industry average. Similarly, the stock's 18.41% trailing-12-month levered FCF margin is 231.3% higher than the 5.56% industry average.
During the fiscal second quarter that ended June 30, 2024, EBAY's net revenues increased 1.3% year-over-year to $2.57 billion. Its gross profit rose marginally year-over-year to $1.84 billion. Also, its non-GAAP net income from continuing operations stood at $602 million and 1.18 per share, up 8.5% and 14.6% over the prior-year quarter, respectively.
Analysts expect EBAY's EPS for the quarter ending September 30, 2024, to increase 14.5% year-over-year to $1.18. Its revenue for the same quarter is expected to grow 1.7% year-over-year to $2.54 billion. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters. Over the past nine months, the stock has gained 37.4% to close the last trading session at $55.83.
EBAY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
EBAY has an A grade for Quality and a B for Momentum. It is ranked #16 out of 52 stocks in the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry. Beyond what we have stated above, we also have given EBAY grades for Growth, Value, Stability, and Sentiment. Get all the EBAY's ratings <a href="https://stocknews.com/stock/EBAY/">here</a>.
Stock #2: Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN sells consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale and products provided by third-party sellers.
On July 11, 2024, AMZN's AWS and Workday announced an expanded partnership to develop generative AI capabilities, enhance custom application development, and accelerate joint go-to-market efforts. This collaboration aims to boost productivity, improve decision-making, and drive cloud transformation for organizations.
On July 25, 2024, AMZN and GE HealthCare announced a strategic collaboration to develop generative AI models aimed at enhancing medical diagnostics and patient care. GE HealthCare will use AWS's cloud and AI services to accelerate healthcare innovation and improve clinical workflows.
In terms of the trailing-12-month net income margin, AMZN's 7.35% is 63.2% higher than the 4.50% industry average. Likewise, its 9.86% trailing-12-month Capex / Sales is 229% higher than the 3% industry average. Moreover, the stock's 1.17x trailing-12-month asset turnover ratio is 18% higher than the 0.99x industry average.
AMZN's total net sales during the fiscal second quarter that ended June 30, 2024, increased 10.1% year-over-year to $147.98 billion. The company's operating income grew 91% from the year-ago value to $14.67 billion. In addition, the company's net income and EPS came in at $13.49 billion and $1.26, up 99.8% and 93.8% over the prior-year quarter, respectively.
Street expects AMZN's EPS and revenue for the quarter ending September 30, 2024, to increase 20.5% and 9.9% year-over-year to $1.13 and $157.27 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 29% to close the last trading session at $177.59.
It's no surprise that AMZN has an overall rating of B, which translates to a Buy in our proprietary rating system.
AMZN has a B grade for Momentum, Sentiment, and Quality. Within the same industry, it is ranked #12. To see AMZN's ratings for Growth, Value, and Stability, <a href="https://stocknews.com/stock/AMZN/">click here</a>.
Stock #1: Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>)
Headquartered in Shanghai, China, DDL operates as an e-commerce company. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food; and other food products such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks.
In terms of its trailing-12-month Return on Common Equity, DDL's 14.73% is 38% higher than the 10.67% industry average. Also, the stock's 2.87x trailing-12-month asset turnover ratio is 239.7% higher than the 0.85x industry average.
In the fiscal second quarter, which ended June 30, 2024, DDL's total revenues increased 15.7% year-over-year to RMB5.60 billion ($782.78 million). Its non-GAAP income from operations stood at RMB89.60 million ($12.52 million), compared to a non-GAAP loss from operations of RMB5.42 million ($757.62 thousand).
Moreover, its non-GAAP net income attributable to ordinary shareholders and non-GAAP net income per Class A and Class B ordinary share came in at RMB100.84 million ($14.10 million) and RMB0.31, up considerably each over the prior-year quarter, respectively.
For the quarter ending September 30, 2024, DDL's revenue is expected to increase 21.5% year-over-year to $862.10 million. Its EPS for fiscal 2024 is expected to rise 896.4% year-over-year to $0.15. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past six months, DDL's stock has gained 67.8% to close the last trading session at $2.03.
DDL's bright prospects are reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value. DDL is ranked #2 in the Internet industry. To access the additional grades of DDL for Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/DDL/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AMZN shares were trading at $177.39 per share on Friday afternoon, down $0.20 (-0.11%). Year-to-date, AMZN has gained 16.75%, versus a 17.33% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/amzn-ebay-ddl-3-e-commerce-picks-to-ride-the-online-retail-boom/>3 E-Commerce Picks to Ride the Online Retail Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 E-Commerce Picks to Ride the Online Retail Boom

With Alphabet (GOOGL) facing growing antitrust challenges, investors question whether the tech giant remains a buy. Discover if GOOGL's financial strength and massive growth in AI and cloud can offset regulatory risks. Read on to learn more... Alphabet Inc. (<a href="https://stocknews.com/stock/GOOGL/">GOOGL</a>) has been a dominant player in the tech industry. However, it faces increased scrutiny from regulators worldwide. Google is set to <a href="https://www.reuters.com/technology/us-antitrust-trial-targets-googles-digital-ad-business-2024-09-04/">face trial next week in a second antitrust case</a>, where the U.S. Department of Justice (DOJ) will challenge the company's methods of monetizing advertising, which prosecutors claim harms news publishers.
This case is part of the Biden administration's broader push to curb the power of Big Tech through antitrust laws. It follows a significant victory for the Justice Department in a separate lawsuit on August 5, when a judge ruled that Google illegally monopolized online search.
Despite these looming challenges, GOOGL's financial strength remains undeniable. The company reported better-than-expected revenue and earnings for the second quarter of 2024. Alphabet reported <a href="https://abc.xyz/assets/19/e4/3dc1d4d6439c81206370167db1bd/2024q2-alphabet-earnings-release.pdf">revenues of $84.74 billion</a>, surpassing analysts' estimate of $84.30 billion. The company's EPS came in at $1.89, compared to the consensus estimate of $1.84.
Its main revenue drivers—Google Search, YouTube, and Google Cloud—remain robust. The company's advertising arm, which is at the center of antitrust scrutiny, still accounts for a significant portion of its revenue, and its dominance in digital ads has positioned Alphabet as a key player in the tech ecosystem.
Additionally, Alphabet is well-diversified with its growing cloud business, artificial intelligence (AI) advancements, and other ventures such as Waymo (autonomous driving) and Verily (health technology).
Shares of GOOGL have gained 17.4% over the past month and 15.3% over the past six months to close the last trading session at $156.45.
Let's look at factors that could influence GOOGL's performance in the upcoming months.
Outstanding Financials
For the second quarter that ended June 30, 2024, GOOGL's revenues increased 13.6% year-over-year to $84.74 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp#:~:text=Operating%20income%20is%20an%20accounting,of%20goods%20sold%20(COGS).">operating income</a> rose 25.6% from the year-ago value to $27.43 billion. Its net income was $23.62 billion, up 28.6% year-over-year. Its earnings per share grew 31.3% from the prior year's quarter to $1.89 billion.
In addition, the company's cash and cash equivalents totaled $27.23 billion as of June 30, 2024, compared to $24.05 billion as of December 31, 2023. Its total assets were $414.77 billion versus $402.39 billion as of December 31, 2023.
Favorable Analyst Estimates
Analysts expect GOOGL's revenue for the third quarter (ending September 2024) to grow 12.5% year-over-year to $86.26 billion. The consensus EPS estimate of $1.84 for the ongoing quarter indicates an improvement of 18.5% year-over-year. Further, the company has surpassed consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
For the fiscal year ending December 2024, Wall Street expects Alphabet's revenue and EPS to increase 13% and 31.5% from the previous year to $347.35 billion and $7.63, respectively. The company's revenue and EPS for the fiscal year 2025 are expected to grow 11.3% and 14% year-over-year to $386.67 billion and $8.69, respectively.
Solid Historical Growth
GOOGL's revenue has grown at a CAGR of 17.2% over the past five years. Its EBITDA has increased at a CAGR of 20.9% over the same period, and its levered free cash flow has grown at a CAGR of 16%. Furthermore, the company's net income and EPS have improved at CAGRs of 20.3% and 23% over the same timeframe, respectively.
Additionally, the company's total assets have increased at a CAGR of 10% over the past five years.
Robust Profitability
GOOGL's trailing-12-month gross profit margin of 57.64% is 13.3% higher than the 50.88% industry average. Its trailing-12-month EBITDA margin of 35.18% is 90.5% higher than the 18.47% industry average. Likewise, the stock's trailing-12-month net income margin of 26.70% is significantly higher than the industry average of 3.24%.
Furthermore, GOOGL's trailing-12-month ROCE, ROTC, and ROTA of 30.87%, 20.34%, and 21.13% are considerably higher than the industry averages of 3.49%, 3.81%, and 1.37%, respectively. The stock's trailing-12-month levered FCF margin of 13.40% is 65.3% higher than the industry average of 8.10%.
POWR Ratings Reflect Promise
GOOGL's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. GOOGL has an A grade for Sentiment, in sync with its favorable analyst expectations. In addition, the stock has a B grade for Quality, consistent with higher-than-industry profitability.
Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, GOOGL is ranked #8 out of 52 stocks.
Beyond what I have stated above, we have also given GOOGL grades for Value, Growth, Momentum, and Stability. Get all GOOGL ratings <a href="https://stocknews.com/stock/GOOGL/">here</a>.
Bottom Line
While Alphabet's dominance in search and digital ads has put it in the crosshairs of antitrust regulators, its outstanding financial performance, innovation in AI and cloud, and expansion into new markets make it a compelling long-term investment. Given robust financials and a bright growth outlook, GOOGL could be an ideal investment for potential gains.
How Does Alphabet Inc. (GOOGL) Stack Up Against Its Peers?
While GOOGL has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/internet/">Internet</a> industry with an A (Strong Buy) rating: Meituan ADR (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Dingdong (Cayman) Ltd (<a href="https://stocknews.com/stock/DDL/">DDL</a>), and Travelzoo (<a href="https://stocknews.com/stock/TZOO/">TZOO</a>).
To explore more A or B-rated internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
GOOGL shares were trading at $156.58 per share on Thursday afternoon, up $0.13 (+0.08%). Year-to-date, GOOGL has gained 12.22%, versus a 16.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/googl-mpngy-ddl-tzoo-with-antitrust-challenges-looming-is-alphabet-still-a-buy/>With Antitrust Challenges Looming, Is Alphabet Still a Buy?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

With Antitrust Challenges Looming, Is Alphabet Still a Buy?

South Korea's e-commerce giant, Coupang (CPNG), has surged over 40% this year. Yet, despite this impressive rally, a decline in bottom-line performance raises concerns, leaving investors wondering: Can CPNG keep up its momentum? Read on to find out... Founded in 2010 by Bom Kim, a former Harvard Business School student, Coupang, Inc. (<a href="https://stocknews.com/stock/CPNG/">CPNG</a>) has rapidly become South Korea's e-commerce leader, often earning the title of the "Amazon of South Korea." Shares of CPNG have soared 46.5% over the past nine months and 42.1% year-to-date to close the last trading session at $23.
A question lingers in investors' minds despite this impressive run: can Coupang sustain its upward momentum?
While Coupang's financials have shown mixed signals recently, its second-quarter revenue came in at $7.32 billion, slightly missing the anticipated $7.39 billion. However, on the bright side, its adjusted <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> of $0.07 exceeded the expected break-even point, delivering a $0.07 surprise.
"This quarter, we continued to see deeper levels of engagement from our customers, powered by our relentless focus on providing even greater levels of selection, service, and savings for customers," said CPNG's CFO Gaurav Anand.
Let's look at factors that could influence CPNG's performance in the upcoming months.
Mixed Financials
In the second quarter of 2024, which ended on June 30, CPNG's net revenue increased 25% year-over-year (or 18% excluding the impact of Farfetch) to $7.32 billion. The company's Product Commerce Active Customers also increased by 12%, reaching 21.7 million, while revenue per active customer rose 5% on a constant currency basis.
Moreover, its gross profit grew 41% year-over-year to $2.14 billion, with a gross margin of 29.3%. CPNG's adjusted EBITDA increased 10% from the year-ago value to $330 million.
However, the company reported an operating loss of $25 million, compared to an operating income of $148 million in the prior year's quarter. In addition, its adjusted attributable net income decreased 14.5% year-over-year to $124 million, and adjusted earnings per share came in at $0.07, down 12.5% year-over-year. CPNG's cash outflow from operating activities declined 33.7% year-over-year to $876 million. 
Mixed Analyst Estimates
Analysts expect CPNG's revenue for the third quarter (ending September 2024) to increase 24.8% year-over-year to $7.72 billion. However, the consensus EPS estimate of $0.01 for the same period indicates a 77.7% year-over-year decline.
Similarly, for the fiscal year ending December 2024, CPNG's revenue is expected to grow 24.4% from the prior year to $30.34 billion, while its EPS for the current year is forecasted to be negative at $0.01.
Stretched Valuation
In terms of forward EV/Sales, CPNG is trading at 1.30x, 7.6% higher than the industry average of 1.21x. Likewise, its forward Price/Sales of 1.36x is 56.8% above the industry average of 0.87x. Furthermore, the stock's forward EV/EBITDA and EV/EBIT multiple of 40.75 and 88.76 compares with the industry averages of 9.76 and 14.24, respectively.
Mixed Profitability
CPNG's trailing-12-month ROCE and ROTA of 31.73% and 6.92% are 175.8% and 69.9% higher than their respective industry averages of 11.50% and 4.08%. Likewise, its trailing-12-month asset turnover ratio of 2.10x is 112.3% above the industry average of 0.99x.
However, the stock's trailing-12-month EBIT and levered FCF margins of 1.14% and 3.95% are below their industry averages by 85.6% and 22.7%, respectively. In addition, the stock's 2.95% trailing-12-month ROTC is 51.7% lower than the 6.11% industry average.
POWR Ratings Exhibit Mixed Prospects
CPNG's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CPNG has a B grade for Momentum is justified by its share price, which is currently trading above its 50-day moving average of $21.64 and 200-day moving average of $19.31.
However, with a five-year beta of 1.10, the stock has earned a grade C for Stability. Also, the stock's C grade for Sentiment is consistent with its mixed analysts' estimates.
CPNG is ranked #42 out of 52 stocks in the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry. <a href="https://stocknews.com/stock/CPNG/">Click here</a> to access CPNG's Growth, Value, and Quality ratings.
Bottom Line
CPNG remains dominant in South Korea's e-commerce space, but its latest financials raise concerns. While the company exceeded earnings expectations, it missed revenue and customer growth estimates, causing its stock to drop 4.5% immediately following the results. Despite improvements in operational efficiency and adoption of AI-driven automation, the decline in bottom-line performance and mixed analyst forecasts highlight the company's ongoing challenges.
Considering CPNG's higher-than-industry valuation, enhanced volatility, and a slowing retail market in South Korea, it could be wise to wait for a better entry point in this stock now.
How Does Coupang, Inc. (CPNG) Stack Up Against Its Peers?
While CPNG has an overall grade of C, equating to a Neutral rating, you may also check out these A (Strong Buy) or B (Buy) rated stocks within the <a href="https://stocknews.com/category/internet/">Internet</a> industry: Meituan (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>), and Yelp Inc. (<a href="https://stocknews.com/stock/YELP/">YELP</a>). To explore more Internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
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<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CPNG shares were trading at $23.40 per share on Wednesday afternoon, up $0.40 (+1.74%). Year-to-date, CPNG has gained 44.53%, versus a 16.20% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/cpng-mpngy-ddl-yelp-can-coupang-keep-up-its-momentum-as-south-koreas-e-commerce/>Can Coupang Keep up Its Momentum as South Korea's E-Commerce Giant?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Can Coupang Keep up Its Momentum as South Korea's E-Commerce Giant?

The gig is up and in a good way! The global gig economy is set to surge to nearly $2 trillion by 2031. With increasing demand for flexible work and rising global participation, platforms like Fiverr International (FVRR) are leading the charge. Read on to explore why this stock is worth watching as the gig economy expands. The gig economy has been on an unstoppable rise, thanks to the rise of tech-driven freelance marketplaces and on-demand services. What started with ride-sharing apps has now become a full-fledged marketplace for virtually every service imaginable (from food delivery and groceries to finding a plumber or a graphic designer), all with just a few taps on your smartphone.
As digital technologies advance and the work-from-anywhere trend becomes the norm, the gig economy continues to expand. In the past two years alone, about 35 venture-backed companies have raised nearly $800 million, underscoring this space's booming interest and potential. Developing economies also see a surge in gig participation, further fueling this growth.
In this evolving landscape, should you keep an eye on Fiverr International Ltd. (<a href="https://stocknews.com/stock/FVRR/">FVRR</a>)? Let's find out.
Fiverr is a bustling freelance marketplace where people can hire talent from web design to video production, with job postings starting as low as $5. The platform charges a commission on each transaction and offers various subscription options for buyers and sellers. Freelancers on Fiverr can even turn their gigs into full-time careers.
During the Q2 earnings call, CEO Micha Kaufman shared that the company has navigated a challenging macro environment by maintaining operational excellence and delivering profitable growth. He stated, "We've made remarkable strides in our product evolution with the introduction of profession-based catalog and hourly contracts."
Although FVRR saw a dip in traffic in mid-2024, especially in the programming and tech sectors, the company remains optimistic. "Despite a 7% year-over-year decline in U.S. job openings and a 17% drop in the information sector, AI continues to drive growth for Fiverr, particularly in complex services, and is expected to be a growth driver moving forward", Kaufman added.
Shares of FVRR have gained 13.1% over the past six months to close the last trading session at $24.81.
Now, let's look at factors that could influence FVRR's performance in the upcoming months:
Positive Developments
On July 31, FVRR announced <a href="https://investors.fiverr.com/news-releases/news-release-details/fiverr-deepens-ecommerce-solutions-acquisition-leading">the acquisition of AutoDS</a>, a subscription-based drop-shipping platform. AutoDS, which offers tools for product research, inventory management, and automated fulfillment, is expected to significantly boost FVRR's eCommerce capabilities while introducing a new, recurring revenue stream through subscriptions.
Kaufman said the acquisition of AutoDS, which manages over 150 million products and serves tens of thousands of subscribers, supports the company's transition from a marketplace to a platform offering talent and software solutions. Moreover, with the global drop-shipping market expected to soar from $285 billion to over <a href="https://www.oberlo.com/statistics/dropshipping-market">$2 trillion by 2033</a>, AutoDS' automation tools and expansive network are set to enhance FVRR's position in the growing digital services space.
In addition to the acquisition, the company also rolled out new features, including a profession-based <a href="https://www.fiverr.com/news/summer_product_release_2024">catalog and hourly contracts</a>. These additions are designed to expand its market presence and further align with its goal of becoming a full-service platform for talent and software.
Solid Financial Performance
For the second quarter that ended June 30, 2024, FVRR reported revenue of $94.66 million, up 5.9% year-over-year and slightly above the analyst's estimate of $94.63 million. Its non-GAAP gross profit increased by 6.2% year-over-year to $79.93 million, with a margin of 84.4%.
Further, the company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> rose 16.8% from the year-ago value to $17.85 million, while its cash outflow from operating activities grew 11.9% from the prior year's quarter to $20.97 million. FVRR's non-GAAP net income amounted to $23.83 million and $0.58 per share, reflecting an increase of 18.9% and 18.4%, respectively, from the same quarter last year.
Also, its free cash flow stood at $20.66 million, up 12.5% year-over-year. Additionally, its cash and cash equivalents increased to $188.73 million as of June 30, 2024, compared to $183.67 million as of December 31, 2023.
Favorable Analyst Estimates
The consensus revenue estimate of $96.39 million for the fiscal third quarter (ending September 2024) represents a 4.2% increase year-over-year. The consensus EPS estimate of $0.61 for the current quarter indicates a 10.1% improvement year-over-year. The company has an excellent earnings surprise history, surpassing the consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2024, the company's EPS is anticipated to grow 20% year-over-year to $2.34, while its revenue is expected to increase 6.6% from the prior year period to $385.17 million.
In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 9.8% and 10.5% from the same period last year to $423.02 million and $2.59, respectively.
Lower-Than-Industry Valuation
In terms of forward non-GAAP P/E, FVRR is currently trading at 10.52x, 45.4% lower than the industry average of 19.28x. Similarly, the stock's forward EV/EBIT and EV/EBITDA multiples of 9.32 and 8.74 are 41.3% and 23.5% lower than the industry averages of 15.88x and 11.42x, respectively.
Additionally, the stock's 1.63x forward EV/Sales is 10.4% lower than the industry average of 1.82x.
High Profitability
FVRR's trailing-12-month gross profit margin of 83.34% is 165.7% higher than the 31.36% industry average. Likewise, its trailing-12-month levered FCF margin of 18.49% is 181.8% higher than the industry average of 6.56%.
POWR Ratings Reflect Promise
FVRR's promising outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories.
FVRR boasts an A grade for Growth, consistent with its solid financial performance in the last reported quarter. Additionally, its B grade for Value and Quality is in sync with its discounted valuation and robust profitability.
The stock is ranked #7 in the <a href="https://stocknews.com/category/internet/">Internet</a> industry. <a href="https://stocknews.com/stock/FVRR/">Click here</a> to access FVRR's Momentum, Stability, and Sentiment ratings.
Bottom Line
The global gig economy isn't just a passing trend; it's on track to become a <a href="https://ssir.org/articles/entry/gig-economy-startups-workers#:~:text=The%20global%20gig%20economy%20is,workers'%20increasing%20demands%20for%20flexibility.">nearly $2 trillion</a> industry by 2031. With a global job shortage and the rising demand for flexible work, gig platforms are thriving. As of March 2024, <a href="https://institute.bankofamerica.com/content/dam/economic-insights/consumer-morsel-gig-economy-is-up.pdf">over 3.8%</a> of Bank of America customers received income from gig platforms, surpassing previous highs. Moreover, the share of gig workers earning monthly income has steadily increased since 2021, underscoring the increasing commitment to freelance work.
As the gig economy continues to grow, FVRR is well-positioned to benefit. With strong financials, increasing profitability, and a bright long-term growth outlook, it could be wise to invest in this stock.
How Does Fiverr International Ltd. (FVRR) Stack Up Against Its Peers?
While FVRR has an overall grade of B, equating to a Buy rating, you may also check out these other stocks within the <a href="https://stocknews.com/category/internet/">Internet</a> industry: Meituan (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>), and Yelp Inc. (<a href="https://stocknews.com/stock/YELP/">YELP</a>), carrying A (Strong Buy) or B (Buy) ratings. To explore more Internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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FVRR shares were trading at $25.40 per share on Friday afternoon, up $0.79 (+3.21%). Year-to-date, FVRR has declined -6.69%, versus a 19.17% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/fvrr-mpngy-ddl-yelp-is-fiverr-a-good-stock-to-watch-as-gig-economy/>Is Fiverr a Good Stock to Watch as Gig Economy Expands?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Fiverr a Good Stock to Watch as Gig Economy Expands?

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AMZN

BZUN

CAAS

CPNG

DADA

DOGZ

EBAY

FVRR

GOTU

KNDI

MNSO

MPNGY

TCOM

TOUR

TZOO

UXIN

VIPS

XPEV

YELP

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Earnings

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Dingdong (Cayman) Limited Announces Second Quarter 2024 Financial Results

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Dingdong (Cayman) Limited Announces Third Quarter 2024 Financial Results

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