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Kingsoft Cloud Hldgs

Kingsoft Cloud Holdings

Kingsoft Cloud Holdings Ltd is an independent cloud service provider in China. It provides integrated cloud-based services including cloud computing, storage, and delivery. Its products and services are Safety, database, AI, hybrid cloud and others. Its solutions are medical, government affairs, finance, media, Educate, game, Transportation and Logistics, Audio, and video.

Kingsoft Cloud Holdings Limited - American Depositary Shares

Kingsoft Cloud Holdings Ltd

KraneShares Trust KraneShares China Alpha Index ETF

Series Portfolio Trust Subversive Food Security ETF

KraneShares California Carbon Allowance Strategy ETF

KUTCHO COPPER CORP ORD by Kutcho Copper Corp.

Kutcho Copper Corp

KCCPAD

KIMBERLY-CLARK DE MEX A by Kimberly-Clark de Mexico, S.A.B de C.V.

Kimberly - Clark de Mexico SAB de CV

KIMBERLY-CLARK MEX S/ADR by Kimberly-Clark de Mexico, S.A.B de C.V.

SPDR S&P Capital Markets ETF

KCE ELECTRONICS PUB ADR by KCE Electronics Pub Co Ltd.

KCE Electronics PCL

KENSINGTON CAPITAL ACQUISITION CORP V ORD

KUMIAI CHEMICAL INDS by Kumiai Chemical Industry Co., Ltd.

Kumiai Chemical Industry Co Ltd

KECK SENG INVESTMENTS by Keck Seng Investments

Keck Seng Investments (Hong Kong) Ltd

KINGSOFT CLOUD HLDGS LTD by Kingsoft Cloud Holdings Limited

KANSAS CITY LIFE INS NEW by Kansas City Life Insurance Co.

Kansas City Life Insurance Co

KCM Holdings Corp

KEY CAPITAL CORP by Key Capital Corporation

Key Capital Corp

Kindcard Inc

KuCoin Token

KraneShares Trust KraneShares Sustainable Ultra Short Duration Index ETF

U.S. Energy has agreed to sell the majority of its East Texas assets located in Anderson, Chambers, Henderson, and Liberty Counties, Texas, to a private buyer. The East Texas Assets, representing a total of 122 wells, are primarily operated properties that produced approximately 1.1 million cubic feet per day of natural gas and 168 barrels of oil per day for the quarter ending September 30, 2024. The effective date for the Transaction will be November 1, 2024, and the Transaction is expected to close on or before December 31, 2024.&nbsp;&nbsp;

News

USEG

U.S. Energy Announces Entry Into Binding Agreement For Sale Of East Texas Properties At All Cash Proceeds of $6.825M; Transaction  To Close On Or Before December 31, 2024

Mizuho analyst Maheep Mandloi initiates coverage on Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) with a Outperform rating and announces Price Target of $20.

Price Target

Initiation

Analyst Ratings

CSIQ

Mizuho Initiates Coverage On Canadian Solar with Outperform Rating, Announces Price Target of $20

Ensign has been a dividend-paying company since 2002.
 &nbsp;

ENSG

The Ensign Group Increases Quarterly Dividend to $0.0625 Per Share, Which Is Payable On Jan 31, 2025

SOGP

Sound Group Reports First Half Of 2024: Revenues Fell YoY To $127.1M Primarily Due To Decrease In Paying Users, Average Total Mobile MAUs Was 35.7M

Deutsche Bank analyst Ross Seymore maintains Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) with a Buy and raises the price target from $190 to $240.

AVGO

Deutsche Bank Maintains Buy on Broadcom, Raises Price Target to $240

The Board of Governors of the Federal Reserve System (the "Federal Reserve") approved the approximately 10% remaining investment by Scotiabank, which is expected to close in 2024.&nbsp; The initial investment of 4.9% was completed on August 30, 2024.

KeyCorp Says All Required Regulatory Approvals Have Been Received For Completion Of The Bank Of Nova Scotia's Strategic Minority Investment In Key As Announced On August 12, 2024

Offerings

ESPR

Esperion Enters Privately Negotiated Exchange And Subscription Agreements With Certain Holders Of 4.00% Convertible Senior Subordinated Notes Due 2025

Baird analyst Michael Halloran downgrades Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) from Outperform to Neutral and lowers the price target from $294 to $237.

Downgrades

NDSN

Baird Downgrades Nordson to Neutral, Lowers Price Target to $237

Legendary Wall Street investor Warren Buffett's anti-cryptocurrency stance doesn't need an introduction, and the "Oracle of Omaha" has consistently professed a complete lack of interest in the asset class.&nbsp;
Even the launch of the hugely popular spot exchange-traded funds linked to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) couldn't sway Buffett's opinion.
However, you might be surprised to learn that his firm, Berkshire Hathaway, has made significant investments in a lesser-known cryptocurrency-friendly firm.
What happened: Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), a Brazil-based holding company providing digital banking services, fares on the list of Berkshire Hathaway's acquisitions.
The bank launched its cryptocurrency arm, Nubank Cripto, in 2022, allowing customers to send and receive cryptocurrency assets directly from their wallets.
The platform initially started with Bitcoin, Ethereum, and Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>), which later expanded to include coins such as Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>) and Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>). Users can also convert their cryptocurrencies to stablecoins like USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>).
According to the company&#8217;s latest 13F <a href="https://www.sec.gov/Archives/edgar/data/1067983/000095012324011775/0000950123-24-011775-index.htm">filing</a>, Berkshire Hathaway held 86,438,997 shares of Nu Holdings, translating to a market value of&nbsp; $1.17 billion.
Over the last year, the stock has grown 40.23%, and more than 47% since 2024 began.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42452819/trump-backed-world-liberty-financial-bags-10m-in-ethereum-whats-going-on">Trump-Backed World Liberty Financial Bags $10M In Ethereum: What&#8217;s Going On?</a>
Why It Matters: While one could argue that Buffett invested in a firm whose core business wasn't tied around cryptocurrencies, the choice nonetheless provided an interesting contrast to his typically negative views on the asset.
Well, fair warning. Buffett's views might not be music to your ears if you are a cryptocurrency aficionado.
"In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending,&#8221; he <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42184221/warren-buffett-once-predicted-a-bad-ending-for-crypto-since-then-the-sectors-market-cap-has-quadrupled-riding-on-the-bitcoin-dogecoin-waves">said</a> back in 2018.
During Berkshire Hathaway's annual shareholder meeting in 2018, Buffett <a href="https://www.benzinga.com/general/24/03/37513063/warren-buffett-says-he-wouldnt-pay-25-for-all-the-bitcoin-in-the-world-he-considers-crypto-rat-poiso">described </a>Bitcoin as &#8220;probably rat poison squared.&#8221;
Price Action: Nu Holdings stock closed 2.20% lower at $11.99 during Thursday&#8217;s regular session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42452955/shiba-inu-poised-for-180-upside-says-analyst-hodlers-keep-selling">Shiba Inu Poised For 180% Upside, Says Analyst — HODLers Keep Selling</a></li>
</ul>
Photo courtesy: Shutterstock

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

Cryptocurrency

Markets

$BTC

$ETH

$LINK

$MATIC

$UNI

$USDC

Do You Know Warren Buffett's Berkshire Hathaway Has Positions In This Lesser-Known Crypto-Friendly Bank? Here's How The Stock Has Performed This Year

Overdraft <a href="https://www.benzinga.com/news/23/12/36272398/us-bank-slammed-for-illegally-collecting-millions-in-overdraft-fees-forced-to-pay-up-americans-are-f">issuers</a> including American Credit Unions, Consumer Bankers Association, American Bankers Association, and the Mississippi Bankers Association, have jointly filed a lawsuit challenging the Consumer Financial Protection Bureau&#8216;s new decision.
What Happened: The U.S. <a href="https://www.benzinga.com/topic/consumer-financial-protection-bureau">watchdog agency for consumer finance</a> decided to cap the overdraft fees which can add up to $5 billion in annual fee savings to the consumers, or $225 per household that pays overdraft fees.
&#8220;For far too long, the largest banks have exploited a legal loophole that has drained billions of dollars from Americans&#8217; deposit accounts,&#8221; said CFPB Director Rohit Chopra. &#8220;The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they&#8217;re charging on overdraft loans.&#8221;
However, banking and other lending institutions have opposed this move.
According to Consumer Bankers Association president and CEO Lindsey Johnson, &#8220;The CFPB's rule on overdraft services harms Americans who need it most—including the 26 million Americans who don&#8217;t have access to credit and thus stand to lose the most if overdraft services are restricted.&#8221;
The CBA includes JPMorgan Chase, Citi, TD Bank, BMO Bank, and Santander. American Bankers Association&#8217;s president and CEO Rob Nichols said, &#8220;CFPB's final overdraft rule exceeds the Bureau's statutory authority, ignores thoughtful industry and stakeholder feedback, and will harm the very consumers the CFPB claims to protect.&#8221;
&#8220;Financial hardships have serious consequences on families, and overdraft programs provide an affordable lifeline in these circumstances,&#8221; said America's Credit Unions president and CEO Jim Nussle. &#8220;The association is going to continue to fight through legal action to reverse this grave mistake from Director Chopra,&#8221; he added.
See Also: <a href="https://www.benzinga.com/24/12/42454495/microsoft-expects-800-million-impairment-charge-due-to-gms-cruise-exit-but-analysts-say-its-a-step-in-the-right-direction-for-automaker">Microsoft Expects $800 Million Impairment Charge Due To GM&#8217;s Cruise Exit, Analyst Says It&#8217;s A &#8216;Step In The Right Direction&#8217; For Automaker</a>
Why It Matters: According to CFPB&#8217;s new rules, lending institutions would have to choose one of the three options when charging for overdrafts.
The first one is to cap their overdraft fee at $5 per instance, while the second option is to cap their fee at an amount that can cover costs and losses. The third option gives freedom to the institution to charge discretionary fees and disclose the terms of their overdraft loan just like other loans.
According to Chopra, &#8220;Consumers have paid an estimated $280 billion in overdraft fees over the past two decades, including roughly $9 billion in 2022.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many consumers have been hit by multiple fees in a day, because some banks have processed payments to trigger more and more overdraft fees. <a href="https://t.co/ItYPm1ZDnK">https://t.co/ItYPm1ZDnK</a>
&mdash; Rohit Chopra (@chopracfpb) <a href="https://twitter.com/chopracfpb/status/1867258208936472988?ref_src=twsrc%5Etfw">December 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: Several U.S. bank stocks took a hit on Thursday after the CFPB finalized the rule.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Stock</td>
<td>Closing price on Dec. 12, 2024</td>
<td>Change</td>
</tr>
<tr>
<td>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>$70.80</td>
<td>-1.12%</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>$241.53</td>
<td>-0.82%</td>
</tr>
<tr>
<td>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</td>
<td>$71.43</td>
<td>-0.74%</td>
</tr>
<tr>
<td>Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td>$591.61</td>
<td>-0.16%</td>
</tr>
<tr>
<td>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td>$127.91</td>
<td>0.25%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, the SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>) fell 1.1%, while the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) declined 1.2%.
Regional banks were affected, too.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Stock</td>
<td>Closing price on Dec. 12, 2024</td>
<td>Change</td>
</tr>
<tr>
<td>Flagstar Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLG#NYSE">FLG</a>)</td>
<td>$11.05</td>
<td>-2.13%</td>
</tr>
<tr>
<td>Citizens Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>)</td>
<td>$45.54</td>
<td>-1.49%</td>
</tr>
<tr>
<td>Regions Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>)</td>
<td>$25.05</td>
<td>-1.38%</td>
</tr>
<tr>
<td>Huntington Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>)</td>
<td>$17.17</td>
<td>-1.27%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42460199/jpmorgan-reiterates-underweight-rating-on-supermicro-maintains-the-lowest-target-price-among-the-17-tracked-analysts">SMCI Stock Receives Harshest Price Target Among 17 Tracked Analysts As JPMorgan Maintains Underweight Rating On Super Micro: &#8216;No Significant Movement Of Orders&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Government

Regulations

General

HBAN

US Lenders File Joint Lawsuit Against Consumer Finance Watchdog For Capping Overdraft Fees: Wells Fargo, JPMorgan, Citigroup Stocks In Focus

HSBC analyst Lilyanna Yang initiates coverage on AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) with a Buy rating and announces Price Target of $17.

HSBC Initiates Coverage On AES with Buy Rating, Announces Price Target of $17

From 2027 on, Blue Lion will support cutting-edge research in Bavaria and, as a system of the Gauss Center for Supercomputing (GCS), will also be used for outstanding national science projects. The contracts were signed on December 13, 2024. The total costs of 250 million euros (1) are shared by the Federal Ministry of Education and Research (BMBF) and the Bavarian State Ministry of Science and the Arts (StMWK).

Hewlett Packard Enterprise Says It Built 100% Direct Liquid Cooled Supercomputer At The Leibniz Supercomputing Center Called "Blue Lion"

Shares of RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) rose sharply in the pre-market trading after the company <a href="https://www.benzinga.com/quote/RH/earnings">released quarterly results</a>.
RH posted downbeat earnings and sales results for its third quarter. However, the company raised revenue guidance across the board based on current trends. The company expects fourth-quarter demand growth of 20% to 22%, and fourth-quarter revenue growth of 18% to 20%, according to data from Benzinga Pro.
RH shares jumped 17.1% to $446.44 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Pearl Holdings Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRLH#NASDAQ">PRLH</a>) gained 44.1% to $17.50 in pre-market trading after adding 4% on Thursday.</li>
<li>Loop Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOOP#NASDAQ">LOOP</a>) gained 41.3% to $1.74 in pre-market trading. Loop Industries completed convertible preferred financing with Reed Societe Generale Group.</li>
<li>SPI Energy Co., Ltd.. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPI#NASDAQ">SPI</a>) gained 39.5% to $0.4884 in pre-market trading after climbing around 14% on Thursday.</li>
<li>TruGolf Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUG#NASDAQ">TRUG</a>) gained 30.5% to $0.6785 in pre-market trading after jumping around 18% on Thursday.</li>
<li>Gaxos.ai Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GXAI#NASDAQ">GXAI</a>) rose 18.6% to $4.39 in pre-market trading after falling 27% on Thursday.</li>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) gained 16% to $0.2272 in pre-market trading after dipping more than 25% on Thursday. Lichen China announced a $2.70 million registered direct offering.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) gained 14.8% to $207.50 in pre-market trading as the company posted better-than-expected earnings for its fourth quarter. The company said it sees first-quarter revenue of approximately $14.6 billion, versus the $14.612 billion estimate. The company also issued adjusted EBITDA guidance of approximately 66 percent of projected revenue for the first quarter.</li>
<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) climbed 13.2% to $7.04 in pre-market trading. EVgo closed its $1.25 billion guaranteed loan facility from U.S. Department of Energy.</li>
<li>Lytus Technologies Holdings PTV. Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) gained 12.4% to $1.27 in pre-market trading after falling around 10% on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Repare Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>) shares tumbled 35.8% to $2.55 in pre-market trading after the company reported results of Lunresertib and Camonsertib combination from MYTHIC Phase 1 gynecologic expansion clinical trial.</li>
<li>Nuburu, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NYSE">BURU</a>) declined 32.1% to $0.34 in pre-market trading after jumping 102% on Thursday.</li>
<li>Candel Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CADL#NASDAQ">CADL</a>) shares fell 30.9% to $6.77 in pre-market trading after the company announced the pricing of public offering.</li>
<li>Inovio Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INO#NASDAQ">INO</a>) fell 22.8% to $2.90 in pre-market trading after the company announced a proposed public offering.</li>
<li>Comstock Holding Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCI#NASDAQ">CHCI</a>) dipped 17.8% to $7.00 in pre-market trading after declining 4% on Thursday.</li>
<li>Actuate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACTU#NASDAQ">ACTU</a>) shares fell 15.5% to $7.00 in pre-market trading.</li>
<li>Northfield Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFBK#NASDAQ">NFBK</a>) fell 14.8% to $11.00 in pre-market trading.</li>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares dipped 13% to $1.61 in pre-market trading. SEALSQ announced the pricing of $10 million registered direct offering.</li>
<li>Pliant Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLRX#NASDAQ">PLRX</a>) fell 9.8% to $12.50 in today's pre-market trading.</li>
<li>Kimball Electronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) fell 4.5% to $18.32 in pre-market trading.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42460676/jim-cramer-amd-ceo-lisa-su-built-an-amazing-company">Jim Cramer Says This CEO &#8216;Built An Amazing Company,&#8217; Recommends Buying Netflix</a></li>
</ul>

Pre-Market Outlook

Movers

Trading Ideas

ACTU

BURU

CADL

CHCI

EVGO

GXAI

LAES

LICN

LOOP

NFBK

PLRX

PRLH

RPTX

TRUG

Why RH Shares Are Trading Higher By Around 17%; Here Are 20 Stocks Moving Premarket

Telsey Advisory Group analyst Cristina Fernandez maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Market Perform and raises the price target from $330 to $480.

Telsey Advisory Group Maintains Market Perform on RH, Raises Price Target to $480

Telsey Advisory Group analyst Dana Telsey maintains Birkenstock Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) with a Outperform and maintains $70 price target.

BIRK

Telsey Advisory Group Maintains Outperform on Birkenstock Holding, Maintains $70 Price Target

Wolfe Research analyst Darrin Peller upgrades PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) from Peer Perform to Outperform and announces $107 price target.

Upgrades

PYPL

Wolfe Research Upgrades PayPal Holdings to Outperform, Announces $107 Price Target

Telsey Advisory Group analyst Cristina Fernandez maintains Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) with a Market Perform and maintains $10 price target.

Telsey Advisory Group Maintains Market Perform on Under Armour, Maintains $10 Price Target

American EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) launched the company&#8217;s actually smart summon feature in China on Friday.
What Happened: The feature will be pushed to Tesla vehicles in China through over-the-air updates, the company said.
Actually Smart Summon will allow users to summon their Tesla cars to a nearby particular location and banish them once they are done using it with the Tesla app in familiar and predictable areas such as private driveways and parking lots. The vehicle must be in the driver&#8217;s line of sight at all times while using the feature. 
The feature will only be available to users who signed up for the company&#8217;s enhanced autopilot and full self-driving features. 
Why It Matters:&nbsp;Tesla started rolling out Actually Smart Summon to vehicles in the U.S. in early September.&nbsp;
Early in September, Tesla also said that it would roll out its&nbsp;<a href="https://www.benzinga.com/news/24/09/40723263/senior-tesla-exec-says-cybertruck-may-get-parking-assistance-features-over-weekend-after-the-stainle" target="_blank" rel="noreferrer noopener">full self-driving (FSD) driver assistance software</a>&nbsp;in Europe and China in the&nbsp;<a href="https://www.benzinga.com/news/24/09/40724069/tesla-fsd-rollout-in-china-europe-planned-for-q1-2025" target="_blank" rel="noreferrer noopener">first quarter of 2025</a>, pending regulatory approval. 
FSD is currently limited to the U.S. market and while it requires active driver supervision as of today, Tesla is optimistic that it can enable vehicle autonomy with future versions of the software.
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>
Read Next:
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<li><a href="https://www.benzinga.com/general/space/24/12/42477647/elon-musk-reveals-spacexs-new-starship-spacecraft-is-easier-to-manufacture-and-less-susceptible-to-high-heating-ahead-of-7th-test-flight">Elon Musk Reveals SpaceX&#8217;s New Starship Spacecraft Is &#8216;Easier To Manufacture And Less Susceptible To High Heating&#8217; Ahead Of 7th Test Flight</a></li>
</ul>
Photo courtesy: Shutterstock

Global

Tech

TSLA

Tesla Launches Actually Smart Summon Feature In China Ahead Of Planned FSD Rollout In Early 2025

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The U.S. Securities and Exchange Commission has reopened an investigation into Elon Musk&#8216;s brain-chip startup Neuralink, according to a letter shared by Musk on social media platform X on Thursday.
What Happened: The Dec. 12 correspondence from Musk&#8217;s lawyer Alex Spiro to outgoing SEC Chair Gary Gensler reveals that the commission has issued a settlement demand, giving Musk 48 hours to accept a monetary payment or face multiple charges. The specific amount demanded was not disclosed in the letter.
Musk quipped, &#8220;Oh Gary, how could you do this to me?&#8221;
This latest probe follows a history of regulatory scrutiny for Musk. In 2018, he <a href="https://www.benzinga.com/government/24/04/38495283/supreme-court-rejects-elon-musks-bid-to-overturn-sec-decision-report">settled an SEC lawsuit</a> over Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) social media posts about taking the company private, paying a $20 million fine, and agreeing to have Tesla lawyers review certain communications.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Oh Gary, how could you do this to me? &#x1f979; <a href="https://t.co/OoooQI77ZS">pic.twitter.com/OoooQI77ZS</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1867357433493872874?ref_src=twsrc%5Etfw">December 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/24/12/42477300/russian-state-backed-hackers-target-ukrainian-military-devices-via-spacexs-starlink-microsoft-report-reveals">Russian State-Backed Hackers Target Ukrainian Military Devices Via SpaceX&#8217;s Starlink, Microsoft Reveals</a>
Why It Matters: Last year, four lawmakers requested the SEC to investigate potential securities fraud related to Neuralink&#8217;s brain implant safety claims. The investigation comes as Neuralink advances its <a href="https://www.benzinga.com/tech/24/11/42239483/teslas-optimus-bot-gets-new-hands-as-neuralinks-fda-approved-bci-trials-begin">brain-computer interface technology</a>, recently receiving FDA approval for human trials and successfully implanting devices in two patients.
Spiro&#8217;s letter emphasized that Musk and his legal team would not be intimidated by the SEC and reserved their legal rights. The SEC and Neuralink did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for a statement.
The investigation arrives at a <a href="https://www.benzinga.com/news/24/10/41561298/elon-musk-pumps-more-than-130m-into-trump-and-gop-campaigns">complex political moment</a>. Musk has reportedly spent over $250 million supporting President-elect Donald Trump&#8216;s campaign and has been appointed to a government task force planning significant administrative reforms.
Neuralink continues to push technological boundaries, with recent trials demonstrating patients&#8217; ability to control computer cursors and play video games using brain-computer interface technology. The company aims to develop solutions for neurological disorders and expand human-technology interaction.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/space/24/12/42477647/elon-musk-reveals-spacexs-new-starship-spacecraft-is-easier-to-manufacture-and-less-susceptible-to-high-heating-ahead-of-7th-test-flight">Elon Musk Reveals SpaceX&#8217;s New Starship Spacecraft Is &#8216;Easier To Manufacture And Less Susceptible To High Heating&#8217; Ahead Of 7th Test Flight</a></li>
</ul>
Image Via Shuterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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