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Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore and Malaysia contributed 58% of revenue as of end-2021. Grab's main competitors in Southeast Asia are Foodpanda and Gojek, the ride-sharing arm of GoTo. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.

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Las acciones de Harrow subieron un 23,1% en el premercado. Descubre qué otras compañías están ganando y perdiendo antes de la apertura.

Las acciones de Harrow (HROW) se disparan un 23%; aquí están 20 acciones que se mueven en el premercado

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Tesla, Palantir, Carvana, Enovix, Grab Holdings: descubre qué movió el mercado y qué esperar de estas acciones clave.

Palantir, Carvana, Enovix, Grab, Tesla: 5 acciones que están en el radar de los inversores

Las acciones de Grab han subido con fuerza, pero Adam Khoo advierte sobre su potencial de inversión. ¿Vale la pena apostar por ella?

El precio de las acciones de Grab (GRAB) sube, pero Adam Khoo advierte sobre su potencial real

Grab Holdings Limited - Class A Ordinary Shares

Grab Holdings Ltd

NHYDY

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

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

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

CMCL

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

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk invoked Berkshire Hathaway Inc. CEO Warren Buffett&#8216;s investment philosophy during an all-hands meeting on Thursday night, advising employees and investors to focus on <a href="https://www.benzinga.com/markets/equities/24/10/41568577/elon-musk-channels-warren-buffett-as-teslas-stock-booms-after-strong-q3-having-a-publicly-traded">companies with promising product futures</a>.
What Happened: &#8220;I think it&#8217;s Warren Buffett&#8217;s sort of metaphor—the stock market&#8217;s like having someone stand at the edge of your property or your house and yell prices to buy or sell your house every day,&#8221; Musk said. &#8220;Sometimes they take their meds and sometimes they don&#8217;t.&#8221;
&#8220;Buy stock in companies where you think the product that company makes will be better in the future,&#8221; Musk said. &#8220;Do you love the products that company makes and are they going to keep doing that?&#8221;
&#8220;Hang on to your stock,&#8221; Musk said, emphasizing Tesla&#8217;s long-term potential. &#8220;I think long-term with Optimus and self-driving, Tesla will probably be the most valuable company in the world.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tesla all-hands live presentation <a href="https://t.co/jQOt6WB2LN">https://t.co/jQOt6WB2LN</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1902899450487455809?ref_src=twsrc%5Etfw">March 21, 2025</a></blockquote>
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The late-evening meeting highlighted Tesla&#8217;s achievement of producing over 7 million vehicles globally. Musk projected the company would <a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">surpass 10 million vehicles next year</a>.
See Also: <a href="https://www.benzinga.com/25/03/44430106/nvidia-ceo-jensen-huang-ciscos-chuck-robbins-tout-ais-global-impact-trump-wants-to-prote">Nvidia CEO Jensen Huang, Cisco&#8217;s Chuck Robbins Tout AI&#8217;s Global Impact: Trump &#8216;Want Us To Win&#8217;</a>
Why It Matters: Musk touted several achievements, including the Model Y becoming the world&#8217;s best-selling vehicle and Cybertruck emerging as the top-selling electric pickup. He also highlighted progress with Tesla&#8217;s Dojo supercomputer, now handling approximately 5-10% of the <a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">company&#8217;s AI training workload</a>.
The relationship between the two billionaires appears respectful but distant. Buffett recently acknowledged in a CBS News interview that he has &#8220;talked to Elon a few times&#8221; but <a href="https://www.benzinga.com/news/25/03/44075038/warren-buffett-says-he-has-spoken-to-elon-musk-a-few-times-but-repeatedly-dodges-questions-about-tesla-ceos-doge-efforts-well-i-better-not-get-into-all-that">repeatedly dodged questions about Musk&#8217;s cost-cutting efforts</a> with the Department of Government Efficiency (DOGE).
Despite TSLA shares dropping 37.71% year-to-date, Musk remains bullish on Tesla&#8217;s future, telling attendees: &#8220;While it&#8217;s difficult to predict how things will be from you know in the next day six to 12 months, if you say like where will things be in three years or five years, the future of Tesla is incredibly bright.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/25/03/44429645/perplexity-ceo-says-app-will-make-apple-intelligence-work-amid-iphone-makers-ai-challenges">Perplexity Can Make &#8216;Apple Intelligence Work&#8217; Says CEO Aravind Srinivas As iPhone Maker Attracts Criticism On Siri And AI Delays</a></li>
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Japan-based Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hoarding company Metaplanet Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>) announced the appointment of Eric Trump, President Donald Trump's son, as a strategic advisor on Friday.
What happened: The Tokyo Stock Exchange-listed firm said in a statement that Trump would join the newly formed Strategic Board of Advisors, an entity tasked with driving Bitcoin adoption
"We are honored to welcome Eric Trump as the first member of our Strategic Board of Advisors and look forward to welcoming him to our annual meeting," said Metaplanet CEO Simon Gerovich.
Eric Trump, Executive Vice President of The Trump Organization, has been <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43484922/bitcoin-ethereum-dogecoin-drops-as-trumps-crypto-czar-announces-oversight-committee-eric-trump-says-great-time-to-add-eth">making bullish remarks</a> about Bitcoin and the broader cryptocurrency sector, particularly after his father assumed the U.S. presidency. He has also <a href="https://in.benzinga.com/25/02/43646667/trump-backed-world-liberty-financial-unveils-strategic-token-reserve-to-bolster-bitcoin-ethereum">promoted </a>&nbsp;World Liberty Financial, a decentralized finance project.&nbsp;
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Why It Matters: The company adopted <a href="https://www.benzinga.com/news/24/10/41164436/asias-microstrategy-metaplanet-boosts-portfolio-with-fresh-acquisition-of-107-bitcoins-worth-nearly">Bitcoin as a strategic treasury reserve asset</a> to shield itself against Japan's economic problems and the declining value of its national currency, the yen.
Currently, it's Japan's largest corporate holder of Bitcoin, sitting on a stash worth $269.56 million, <a href="https://bitcointreasuries.net/">according </a>to data from BitcoinTreasuries.&nbsp;
This firm has replicated the actions of Michael Saylor's Strategy, a company that has <a href="https://in.benzinga.com/25/03/44375602/michael-saylors-mstr-provides-bitcoin-exposure-to-bondholders-with-its-novel-strategy-tom-lee-says-its-helping-bond-managers-outperform-the-market">evangelized</a> Bitcoin corporate adoption. As a result, it has earned the sobriquet "Asia's Strategy."
Price Action: At the time of writing, Bitcoin was exchanging hands at $84,159.13, down 2.14% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
In the over-the-counter market, Metaplanet traded at $27.80, up 1.30%. In Japan, its stock has skyrocketed 2,152.38% over the past year.
Photo by Mark Reinstein on Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>

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

Cryptocurrency

$BTC

MTPLF

Eric Trump Named Advisor to Metaplanet, Japanese Bitcoin Firm Whose Stock Surged 2,152% In The Last Year

LAES

WKEY

Reported Earlier, WISeKey Subsidiary SEALCOIN Partners With WeCanGroup To Deploy KYO For Trusted IoT Transactions In Regulated Sectors

In another attack against Tesla Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Hamilton Police have reported that a Tesla dealership near Lime Ridge Mall in Hamilton, Canada has been the target of extensive vandalism, affecting up to 80 vehicles.
What Happened: According to a report by <a href="https://www.cbc.ca/news/canada/hamilton/tesla-dealership-vehicles-damaged-1.7488806">CBC</a> News, the damage involved deep scratches and punctured tires on the vehicles parked outside the dealership.
Hamilton Police are treating the dealership vandalism as &#8220;a series of mischiefs&#8221; and are currently reviewing CCTV footage. They have appealed to the public for assistance in their investigation.
The attack comes amid heightened tensions between the U.S. and Canada, with President Trump<a href="https://www.benzinga.com/25/02/43582659/trump-says-canada-much-better-off-being-the-51st-state-the-border-with-us-is-just-a-line"> saying</a> Canada becoming the 51st state of the U.S. would be the "greatest thing they could ever do."
See Also:<a href="https://www.benzinga.com/markets/equities/25/03/44410602/elon-musks-tesla-faces-1-4-billion-discrepancy-in-capital-expenditure-report"> Elon Musk&#8217;s Tesla Faces $1.4 Billion Discrepancy In Capital Expenditure: Report</a>
In addition to this, the two countries are currently engaged in a trade war, initiated by the Trump administration's imposition of tariffs. The U.S. has imposed several tariffs on Canadian products, including its steel. Hamilton is the heart of the Canadian steel manufacturing industry, employing thousands of workers.
Elon Musk has also been criticised for his role with the Trump administration and his statements against Canada, including saying &#8220;Canada is not a real country&#8221;.
Why It Matters: This incident is part of a trend of attacks on Tesla properties. Recently, Tesla vehicles were<a href="https://www.benzinga.com/25/03/44394560/elon-musks-tesla-targeted-with-arson-attacks-in-las-vegas-kansas-city-report"> targeted</a> in arson attacks in Las Vegas and Kansas City, involving Molotov cocktails and firearms.
Tesla was<a href="https://www.benzinga.com/markets/25/03/44411923/tesla-expelled-from-vancouver-auto-show-amid-security-concerns-after-failing-to-voluntarily-withdraw"> expelled</a> from the Vancouver International Auto Show due to security concerns.
Moreover, Toronto has<a href="https://www.benzinga.com/25/03/44368264/toronto-excludes-tesla-from-ev-incentives-amid-trump-tariff-war-mayor-says-dont-count-on-taxpayer-money"> excluded</a> Tesla from EV incentives amid trade conflicts with the U.S.
In related incidents, a Tesla Model S was set ablaze in London, Ontario, resulting in damages estimated at $140,000, and two activists were detained in Montreal for spray-painting a Tesla dealership. A climate group has claimed responsibility, criticizing Musk for his policies.
Elon Musk has also condemned the<a href="https://www.benzinga.com/markets/equities/25/03/44390358/elon-musk-calls-it-extreme-domestic-terrorism-after-website-publishes-data-on-us-tesla-owners"> publication</a> of personal data of Tesla owners as &#8220;extreme domestic terrorism" in a post on X.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<a href="https://www.benzinga.com/markets/equities/25/03/44414187/elon-musks-tesla-recalls-over-46000-cybertrucks-due-to-safety-concerns">Elon Musk&#8217;s Tesla Recalls Over 46,000 Cybertrucks Due To Safety Concerns</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Global

Tech

Media

80 Tesla Vehicles Damaged At Dealership In Hamilton: 'A Series Of Mischief,' Says Police

Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) reported its worst footwear revenue in over a decade as the company transitions under its new CEO. The athletic footwear and apparel company <a href="https://www.benzinga.com/general/sports/25/03/44426104/nike-q3-earnings-revenue-beat-eps-beat-inventories-down-2-we-are-on-the-right-path">beat its third-quarter</a> earnings and revenue expectations while issuing a disappointing outlook for the fourth quarter.
What Happened: Nike posted a total footwear revenue of $7.208 billion in the third quarter as compared to $8.162 billion in the same quarter of the previous fiscal. This represents a 12% year-on-year decline in its footwear revenue, which was worse in over a decade according to FinChat.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nike&#39;s Footwear revenue declined ~12% YoY this quarter. That&#39;s the company&#39;s worst growth rate in more than a decade.<a href="https://twitter.com/search?q=%24NKE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NKE</a> <a href="https://t.co/zrlZnEgaWJ">pic.twitter.com/zrlZnEgaWJ</a>
&mdash; FinChat (@finchat_io) <a href="https://twitter.com/finchat_io/status/1902822208105521377?ref_src=twsrc%5Etfw">March 20, 2025</a></blockquote>
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CFO Matthew Friend spoke about clearing excess inventory picking up from the previous quarter, during the company&#8217;s earnings call. He said, &#8220;Inventory declined 2% versus the prior year. But as I said <a href="https://www.benzinga.com/24/12/42610441/nikes-new-ceo-says-we-lost-our-obsession-with-sport-as-he-rebukes-old-strategies-on-performance-marketing-isolation-of-wholesalers-aims-to-create-demand">last quarter</a>, inventory remains elevated across all geographies.&#8221;
He emphasized that the company has been providing its wholesale partners with higher &#8220;discounts to liquidate aged inventory.&#8221;
Elliott Hill, the president and CEO participated in his second earnings call after rejoining Nike in October 2024. He said that &#8220;rightsizing&#8221; the inventory will help the company get back to running a &#8220;complete and balanced portfolio.&#8221;
Friend added, &#8220;We are going to continue to be liquidating inventory. And we expect that it&#8217;s going to take us several quarters to work through. But the reason why we&#8217;re confident is because we know we&#8217;ll be liquidating it through the channels where we&#8217;re used to liquidating that inventory.&#8221;
See Also: <a href="https://www.benzinga.com/general/market-summary/25/03/44414169/soundhound-ai-short-interest-jumps-to-32-9-bring-it-on-says-ceo-shorts-only-make-the-price-of-winning-bigger">SoundHound AI Short Interest Jumps To 32.9%: &#8216;Bring It On,&#8217; Says CEO, Shorts &#8216;Only Make The Prize Of Winning Bigger&#8217;</a>
Why It Matters: Nike <a href="https://www.benzinga.com/general/sports/25/03/44426104/nike-q3-earnings-revenue-beat-eps-beat-inventories-down-2-we-are-on-the-right-path">surpassed Wall Street expectations</a> in its third quarter, reporting revenue of $11.27 billion and earnings of 54 cents per share, exceeding analyst estimates of $11.01 billion and 28 cents per share, respectively.
&#8220;Win Now&#8221; is a set of strategic priorities that Nike is working on to improve its business. Talking about the company&#8217;s fourth-quarter outlook, the CFO said &#8220;Looking ahead, we believe that the fourth quarter will reflect the largest impact from our Win Now actions, and at the headwinds to revenue and gross margin will begin to moderate from there.&#8221;
While he expects revenue to be down in the mid-teens range, the firm expects gross margins to be down approximately 400 to 500 basis points in the next quarter. &#8220;We have included the estimated impact from newly implemented tariffs on imports from China and Mexico,&#8221; he added.
Price Action: Shares of Nike fell 1.55% on Thursday and declined 5.23% in afterhours. The exchange-traded fund tracking the S&amp;P 500 index, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), fell 0.29% during the same session. Nike was down 2.46% on a year-to-date basis, whereas it was 28.72% lower over a year.
Bill Ackman‘s Pershing Square Capital Management increased its stake in Nike by 15% in the fourth quarter after a <a href="https://www.benzinga.com/general/market-summary/25/01/42784131/bill-ackman-loaded-up-on-nike-now-this-analyst-says-stock-expected-to-shoot-up-32-by-2027-thanks-to-these-factors">436% increase in the third quarter</a>. As per its 13F filing, Nike now represents 11% of Pershing Square's holdings with a total of 18.768 million shares valued at $1.420 billion.
Its consensus price target was $91.41, with a ‘hold&#8217; rating, based on the 32 <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">analysts tracked by Benzinga</a>. The price targets ranged from a low of $70 to a high of $120. The three latest ratings from Needham, TAG, and Morgan Stanley averaged $77.44, implying a 13.56% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/NKE/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="386" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/21021210/NKE-ANR-1024x386.png" alt="" class="wp-image-835115" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/21021210/NKE-ANR-1024x386.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/21021210/NKE-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/21021210/NKE-ANR-768x290.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/21021210/NKE-ANR.png 1060w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/25/03/44415047/recession-will-rear-its-ugly-head-as-early-as-july-warns-expert-amid-two-rate-cuts-projected-for-2025-buy-bonds-on-dips">Recession &#8216;Will Rear Its Ugly Head&#8217; As Early As July, Warns Expert As 2 Rate Cuts Projected For 2025: &#8216;Buy Bonds On Dips&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Market Summary

Bill Ackman-Backed Nike Reports Worst Footwear Revenue In More Than A Decade, Takes Action To Continue 'Liquidating Inventory' Amid Grim Outlook

The streaming service of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Apple TV+, is reportedly incurring annual losses exceeding $1 billion.
What Happened: Since its 2019 launch, Apple has been allocating over $5 billion annually to content for Apple TV+. However, this budget was cut by around $500 million last year. However, the losses are crossing $1 billion a year, the Information revealed on Thursday. 
Despite its original shows like &#8220;Ted Lasso&#8221; and &#8220;The Morning Show&#8221;, Apple TV+ has found it challenging to rival industry leaders such as Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Disney Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Disney+ and Amazon.com&#8216;s Prime Video (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) in subscriber numbers.
Recent data indicates that Netflix leads with 301.63 million subscribers, followed by Disney+ with 124.6 million, and Warner Bros Discovery with 116.9 million. A Visible Alpha poll estimates that Apple TV+ will have reached 40.4 million subscribers by the end of 2024.
Despite these losses, Apple TV+ productions have received over 2,500 nominations and 538 wins, as announced by CEO Tim Cook in a post-earnings call in January. Amid escalating competition in the streaming industry, Apple TV+ is included in a Comcast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) package that includes the service along with Peacock and Netflix for $15 per month.
SEE ALSO: <a href="https://www.benzinga.com/personal-finance/25/03/44428045/gold-is-surging-could-buying-this-gold-dividend-rgld-stock-be-the-best-way-to-profit-on-the-trend">Gold Is Surging &#8212; Could Buying This Gold Dividend (RGLD) Stock Be The Best Way To Profit On The Trend?</a>
Why It Matters: Apple's streaming business falls under its Services segment, which also encompasses Apple Music, the App Store, and other ventures. For the fourth quarter, the Services segment generated $26.3 billion in revenue, reflecting a 14% year-over-year increase. Reportedly, Apple TV+ is the only segment of Apple&#8217;s services business that remains unprofitable. According to Arstechnica, limited viewership and small marketing efforts for Apple TV+ are some of the reasons behind these annual losses. 
Notably, the Information reveals that the original concept of Apple TV+ was not focused on gaining the highest number of streaming subscribers but rather on strengthening users&#8217; connection to the iPhone and the broader Apple ecosystem. Moreover, an Apple TV+ employee told the publication that the streaming service is projected to incur losses ranging from $15 billion to $20 billion within its first decade since launching in 2019.
That being said, Apple has been making strategic moves to boost its subscriber base and expand its ecosystem. In February, Apple <a href="https://www.benzinga.com/25/02/43885302/apple-expands-apple-tv-to-android-eyes-subscription-growth-and-ecosystem-expansion-analyst-says">expanded its Apple TV+ </a>app to Android mobile devices, aiming to increase subscription growth.
Furthermore, Apple&#8217;s services chief Eddy Cue, during a panel at the SXSW festival in Austin, Texas, highlighted Apple TV+&#8217;s selective content strategy and wants to focus on it. He <a href="https://www.benzinga.com/general/entertainment/25/03/44212936/eddy-cue-praises-severance-for-breaking-through-the-noise-globally-says-apple-tv-isnt-going-to-throw-20-shows-on-the-wall-hoping-one-will-stick">praised the global success</a> of &#8220;Severance,&#8221; considering it one of the most culturally impactful shows of recent years.
Apple Stock lost 12.20% year-to-date stock as it grapples with broader market challenges.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44429282/bitcoin-ethereum-dogecoin-erase-gains-even-as-trump-reiterates-crypto-capital-pledge-arthur-hayes-says-odds-are-shifting-more-bullish-for-btc">Bitcoin, Ethereum, Dogecoin Erase Gains Even As Trump Reiterates &#8216;Crypto Capital&#8217; Pledge: Arthur Hayes Says &#8216;Odds Are Shifting More Bullish&#8217; For BTC</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

AMZN

CMCSA

NFLX

Apple TV+ Bleeding Over $1 Billion Yearly As Streaming War Heats Up: Report

<ul>
<li>TREMFYA&#xAE; is the only IL-23i to demonstrate clinical remission and endoscopic response, both at one year, with a fully subcutaneous induction regimen</li>
<li>Supported by data from the GALAXI study, TREMFYA&#xAE; is the only IL-23i to show superiority versus STELARA&#xAE;&nbsp;in all pooled endoscopic endpoints within a double-blinded registrational trial&nbsp;</li>
<li>TREMFYA&#xAE; approval in Crohn's disease builds upon recent ulcerative colitis FDA approval, marking the fourth indication for this dual-acting IL-23i in the U.S.</li>
</ul>

Reported Earlier, FDA Approves Johnson & Johnson's TREMFYA For Moderate To Severe Crohn's, First IL-23i With SC And IV Induction Options

The gross proceeds of the Offering are expected to be approximately $20 million before deducting underwriting discounts and offering expenses, assuming no exercise of the over-allotment option. The Offering is expected to close on March 24, 2025, subject to the satisfaction of customary closing conditions.
The ordinary shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "RCT" on March 21, 2025.

IPOs

Reported Earlier, RedCloud Prices $20M Initial Public Offering Of 4,444,445 Ordinary Shares At $4.50/Share

Fidelity National Financial, Inc., F&amp;G's majority-stockholder, has agreed to purchase 4,500,000 shares in the offering from the underwriters at the price per share paid by the underwriters of $33.60 per share. The offering is expected to close on March 24, 2025, subject to satisfaction of customary closing conditions.
F&amp;G intends to use the net proceeds of this offering for general corporate purposes, including the support of organic growth opportunities.

Reported Earlier, F&G Annuities Sets $35/Share Price In 8M Common Stock Offering, Closing Expected March 24

<ul>
<li>Phase III study showed sustained proteinuria reduction at one year with favorable safety1</li>
<li>Fabhalta is the only oral alternative complement pathway inhibitor thought to target the underlying cause of C3G1-3</li>
<li>C3G is an ultra-rare kidney disease typically diagnosed in young adults and often progresses to kidney failure2-4</li>
<li>Novartis continues to advance multiple kidney disease treatments with high unmet need, compounding capabilities and strengthening unique leadership presence</li>
</ul>

Reported Earlier, Novartis Secures Third FDA Approval For Oral Fabhalta In Rare Kidney Disease C3G

KITT

Reported Earlier, Nauticus Robotics Completes SeaTrepid Deal Early, Eyes Operational Growth

The gross proceeds to Dakota Gold from the Offering, before deducting expenses, will be approximately $35 million, or approximately $40 million if the Underwriters exercise the Option (as defined below) in full.
The Company expects to use the net proceeds of the Offering for working capital and other general corporate purposes.

Reported Earlier, Dakota Gold Prices $35M Public Offering Of 12.4M Common Stock

Gross proceeds to the Company, before deducting underwriting commissions and other offering expenses, are expected to be $16.5 million. We intend to use the net proceeds from this offering for working capital and general corporate purposes, including research and development, as well as marketing and sales of our products. The offering is expected to close on March 21, 2025, subject to the satisfaction of customary closing conditions.&nbsp;

Reported Earlier, Damon Prices Upsized $16.5M Public Offering Of 126.9M Units At $0.13 Per Unit

MCHP

Microchip Technology Prices $1.35B Offering Of Series A Preferred Stock Depositary Shares

The Securities and Exchange Commission clarified its position on cryptocurrency mining activities Thursday, asserting that they do not fall under federal securities laws.
What Happened: The SEC&#8217;s Division of Corporation Finance stated that proof-of-work mining activities, which involve using computational resources to validate blockchain transactions and getting rewarded, do not involve the offer&nbsp;and sale of securities. As a result, participants in these activities are not obligated&nbsp;to register transactions with the&nbsp;Commission under the Securities Act&nbsp;
The SEC&#8217;s perspective applied to two categories:&nbsp;self (or solo) mining on a PoW network, and mining pools, which combine computational resources to increase their chances of validating transactions.
Notably, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is the world's largest PoW network, followed by Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) respectively.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Why It Matters: This statement from the SEC comes on the heels of a series of cryptocurrency-friendly measures introduced by the regulator.
Last month, it clarified that <a href="https://in.benzinga.com/25/02/44032560/memecoins-like-trump-dogecoin-pepe-not-securities-says-the-sec-but-fraud-related-to-offer-and-sale-subject-to-enforcement">meme coins do not fall under the purview of federal securities laws</a>, although fraudulent activities involving them could still face legal consequences.
Earlier this week, Ripple CEO Brad Garlinghouse said that the<a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44398151/ripple-ceo-announces-victory-as-sec-drops-appeal-in-xrp-lawsuit"> SEC dropped its appeal</a> in the XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) lawsuit, marking the end of a four-year legal battle. This was seen as a significant development for the crypto industry, as reported by&nbsp;<a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44398151/ripple-ceo-announces-victory-as-sec-drops-appeal-in-xrp-lawsuit">Benzinga</a>.
The SEC has granted <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43883117/coinbase-ceo-brian-armstrong-says-sec-has-agreed-to-end-bogus-enforcement-case-without-penalties">similar relief</a> to cryptocurrency exchanges Coinbase, Robinhood Markets&#8217; cryptocurrency operations, Gemini, and decentralized cryptocurrency exchange Uniswap, aligning with President Donald Trump&#8217;s promise of fostering growth in the sector.
Price Action: Shares of Coinshares Valkyrie Bitcoin Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGMI#NASDAQ">WGMI</a>), which provides exposure to public Bitcoin mining companies, closed 1.45% lower at $14.98 during Thursday&#8217;s regular trading session.
Photo by Gaston Cerliani on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$DOGE

$LTC

$XRP

WGMI

Bitcoin Mining Activities Don't Breach Federal Securities Laws: SEC Clarifies Participants Need Not Register Transactions

On Thursday, Anthropic, backed by Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, announced that its Claude chatbot can now search the internet, bringing it in line with competitors like OpenAI's ChatGPT, Google's Gemini, and Mistral's Le Chat.
What Happened: The feature, currently in preview for paid users in the U.S., is available via Claude 3.7 Sonnet—the company's most advanced model.
Users can enable web search through profile settings in the Claude web app.
See Also: <a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">Elon Musk Says &#8216;Hang On To Your Stock&#8217; In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a>
"When Claude incorporates information from the web into its responses, it provides direct citations so you can easily fact-check sources," Anthropic said in a blog post. "Instead of finding search results yourself, Claude processes and delivers relevant sources in a conversational format."
Why It&#8217;s Important: The move marks a shift from Anthropic's earlier stance that Claude should be "self-contained." While web results were previously off-limits, competitive pressure appears to have changed that.
Anthropic's challenge now is to offer relevance without sacrificing accuracy.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
A <a href="https://www.cjr.org/tow_center/we-compared-eight-ai-search-engines-theyre-all-bad-at-citing-news.php">study</a> published earlier this month by the Tow Center for Digital Journalism found that AI chatbots, including ChatGPT and Gemini, gave incorrect responses to over 60% of queries involving news.
In March 2025, Anthropic <a href="https://www.benzinga.com/tech/25/03/44099466/bitcoin-ethereum-dogecoin-nosedive-as-trumps-tariff-moves-wipe-out-crypto-reserve-fueled-gains-analyst-says-breaking-through-this-barrier-will-help-btc-touch-new-highs">raised $3.5 billion in a Series E funding</a> round, elevating its valuation to $61.5 billion.
Last month, the company also <a href="https://www.benzinga.com/markets/25/02/43753772/jeff-bezos-backed-anthropic-fights-us-proposal-blocking-google-from-investing-in-ai-startups-says-it-would-benefit-rivals-openai-mark-zuckerbergs-meta">filed a plea</a> with a federal court to challenge a U.S. government proposal that aimed to restrict Google&#8217;s investments in AI startups.
Image Courtesy: Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/25/03/44344993/apple-reportedly-fights-uk-governments-unacceptable-encryption-order-behind-closed-doors-no-press-or-public-allowed" target="_blank" rel="noreferrer noopener">Apple Reportedly Fights UK Government&#8217;s ‘Unacceptable&#8217; Encryption Order Behind Closed Doors — No Press Or Public Allowed</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Anthropic Just Gave Claude Web Search Powers—Here's What It Means For AI Chatbot Wars Against ChatGPT, Gemini, And Mistral

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang and Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) CEO Chuck Robbins described unprecedented global enthusiasm for artificial intelligence development, with national leaders recognizing AI as a strategic priority.
What Happened: &#8220;In no initiative and no foundational technology that I&#8217;ve ever known since the internet has the world and the leaders realized the importance of artificial intelligence to them,&#8221; Huang said, in an <a href="https://www.cnbc.com/2025/03/20/nvidia-ceo-and-cisco-ceo-discuss-the-global-outlook-on-the-ai-arms-race.html">interview</a> with CNBC. 
Robbins expressed confidence in the President Donald Trump administration&#8217;s commitment to maintaining American AI dominance despite concerns about potential tariff impacts on semiconductor imports. 
&#8220;Based on the conversations I&#8217;ve had with the administration&#8230;they want to protect that lead, and they want us to win,&#8221; Robbins said. &#8220;I believe that their policies that they&#8217;re going to implement will ensure that happens.&#8221;
The comments come amid intensifying U.S.-China competition in AI development. The Trump administration recently backed &#8220;Stargate,&#8221; a $500 billion private-sector initiative involving OpenAI, SoftBank, and Oracle Corp. to build massive data centers in Texas, while simultaneously facing competition from Chinese firms like DeepSeek that are making technological advances despite U.S. export <a href="https://in.benzinga.com/startups/25/02/43420092/as-easy-as-it-can-be-trump-promises-ai-giants-support-with-500b-investment-plan-how-does-it-compare-with-deepseek">controls on advanced semiconductors</a>.
See Also: <a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">Elon Musk Says &#8216;Hang On To Your Stock&#8217; In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a>
Why It Matters: The administration is also reviewing AI regulatory approaches following <a href="https://in.benzinga.com/markets/25/03/44300525/sam-altmans-openai-urges-trump-administration-for-rapid-ai-advancement-and-reduced-regulation">proposals from companies like OpenAI</a>, which has urged reduced regulation and highlighted potential threats from Chinese AI technology. High-level meetings between tech executives and Trump have included Michael Dell of Dell Technologies Inc., which projects its <a href="https://in.benzinga.com/25/03/44269039/michael-dell-joins-trump-elon-musk-for-high-stakes-ai-talks-as-dell-eyes-15-billion-in-server-business">AI server business</a> to reach $15 billion in fiscal year 2026.
Cisco and Nvidia announced a partnership to deliver AI technology to enterprises with new infrastructure. According to Huang, AI has &#8220;reinvented the entire computing stack&#8221; and requires a complete overhaul of enterprise systems. &#8220;We need to go and rerack the whole world&#8217;s companies,&#8221; Huang said.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44429645/perplexity-ceo-says-app-will-make-apple-intelligence-work-amid-iphone-makers-ai-challenges">Perplexity Can Make &#8216;Apple Intelligence Work&#8217; Says CEO Aravind Srinivas As iPhone Maker Attracts Criticism On Siri And AI Delays</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

CSCO

DELL

NVDA

ORCL

Nvidia CEO Jensen Huang, Cisco's Chuck Robbins Tout AI's Global Impact: Trump 'Want Us To Win'

Press Releases

Global Retail Giant Enhances Warehouse Efficiency with Vuzix (VUZI) Smart Glasses Rollout

Grab to Announce First Quarter 2024 Results on May 15, 2024

Grab Reports First Quarter 2024 Results

Grab to Announce Second Quarter 2024 Results on August 15, 2024

Grab Reports Second Quarter 2024 Results

Grab to Announce Third Quarter 2024 Results on November 12, 2024

UPDATE - Grab to Announce Third Quarter 2024 Results on November 11, 2024

Grab Reports Third Quarter 2024 Results

Superapp Grab Selects AWS as its Preferred Cloud Provider to Drive Technology Innovation and Growth

Levi & Korsinsky, LLP and Pomerantz LLP Announce Proposed Class Action Settlement on Behalf of Purchasers of Grab Holdings Limited and Altimeter Growth Corp. Securities

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