Últimas noticias sobre Ovintiv (NYSE:OVV) Bolsa

Ovintiv

Ovintiv is a North American oil and natural gas exploration and production company. It focuses on the exploration and development of oil, NGLs, and natural gas reserves. The company has three segments: USA Operations, Canadian Operations, and Market Optimization.

Ovintiv Inc

Outlook
Positive free cash flow outlook in 2024 and beyond: FY 2024 capex is expected to be within the previously communicated guidance range ($4.5bn-$5.0bn). The Company expects the year to date investment in working capital to reverse by year end, supporting the outlook for free cash flow generation. The completion of the Company's strategic growth projects is expected to generate additional EBITDA and investable cash flow in the coming periods10,16. ArcelorMittal continues to optimize its decarbonization pathway to ensure that the Company can remain competitive and achieve an appropriate return on investment

Earnings

News

Guidance

ArcelorMittal Anticipates Positive Free Cash Flow In 2024, With Capex Expected To Stay Within The Guided Range Of $4.5B-$5.0B

Elon Musk&#8216;s rocket manufacturing company SpaceX said on Wednesday that it is planning the next and sixth flight of its <a href="https://www.benzinga.com/topic/starship">Starship launch vehicle</a> as early as Nov. 18.
What Happened: &#8220;As is the case with all developmental testing, the schedule is dynamic and likely to change, so be sure to check in here and stay tuned to our X account for updates,&#8221; the company said.
For the next test flight, the company aims to catch Starship&#8217;s booster back at the launch site as on the last flight and splash down the upper stage in the Indian Ocean.
The company said that future Starship vehicles, starting from the one planned for the seventh flight test, will feature &#8220;significant upgrades.&#8221; They will have redesigned forward flaps, larger propellant tanks, and the latest generation tiles and secondary thermal protection layers, it said. 
Past Flights: On Starship's <a href="https://www.benzinga.com/news/24/10/41317860/elon-musk-went-from-examining-debris-from-falcon-1-flight-to-spacex-successfully-catching-booster-of">fifth flight test in October</a>, it lifted off from Starbase, and the booster returned to Earth after propelling Starship to space. The booster was subsequently caught by the launch tower at Starbase.
The Starship, meanwhile, went on to space and splashed down on target in the Indian Ocean.
The recovery of the booster was a key objective of the flight test and demonstrated the reusability of the Starship's design. SpaceX is aiming to make the Starship a completely reusable spacecraft that can fly multiple times, thereby reducing the cost of spaceflight.
Why It Matters: Starship is key to NASA&#8217;s dreams of taking humans back to the surface of the Moon.
NASA&#8217;s Artemis 3 mission slated to launch no earlier than September 2026 is expected to enable humans to land back on the surface of the moon with the help of a lunar lander variant of the Starship spacecraft. The last time humans set foot on the Moon was in 1972&nbsp;<a href="https://www.benzinga.com/news/24/01/36692749/just-a-worse-version-of-apollo-elon-musk-baffled-by-nasa-veterans-push-to-ditch-spacex-blue-origin-a" target="_blank" rel="noreferrer noopener">with Apollo 17</a>. Since then, no crew has traveled beyond low-Earth orbit.
Musk, meanwhile, is eyeing <a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">taking humans to Earth&#8217;s neighboring planet Mars</a> aboard the Starship. In September, he said that the first Starship launch to Mars is expected in 2026 and that it will not have a crew on board.
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:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41767169/spacex-completes-400th-successful-falcon-launch-to-date-but-will-miss-target-of-144-launches-in-2024">SpaceX Completes 400th Successful Falcon Launch To Date, But Will Miss Target Of 144 Launches In 2024, Says Company Exec</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Tech

SpaceX's Starship To Fly Again In Less Than 2 Weeks

A wave of concern is sweeping through the athletic footwear industry as Donald Trump&#8216;s proposed import tariffs threaten to significantly impact sneaker manufacturers and retailers. The potential policies could especially affect companies heavily <a href="https://www.benzinga.com/news/24/11/41795320/trumps-20-tariff-plans-could-unleash-wave-of-spending-on-big-ticket-buys-in-holiday-quarter-says-eco">dependent on Asian manufacturing hubs</a>.
What Happened: Industry leaders are bracing for impact after <a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">Trump proposed a 20% blanket tariff</a> on all imports and a steep 60% levy specifically on Chinese goods. The footwear sector, which already faces substantial import duties, could see production costs surge further.
Wall Street reflected these concerns as major athletic wear stocks declined. Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) fell 3.41%, while Adidas (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADDYY#OTC">ADDYY</a>) dropped 3.62%. Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) saw a 1.35% decrease, and VF Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>), owner of Vans, declined 2.67%.
&#8220;It&#8217;s a huge headwind for the entire industry,&#8221; Brooks Running CEO Dan Sheridan <a href="https://finance.yahoo.com/news/starbucks-ceo-no-plans-to-move-hq-out-of-seattle-as-the-company-attempts-a-turnaround-214425009.html">told</a> Yahoo Finance, noting that footwear companies currently navigate a 20% tariff on Chinese imports and approximately 27% on Vietnamese goods.
Benzinga contacted several impacted companies but did not receive an immediate response.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41795668/peter-schiff-says-cutting-taxes-is-easy-but-reducing-spending-not-so-simple-warns-of-inflation-s">Peter Schiff Says &#8216;Cutting Taxes Is Easy&#8217; But Reducing Spending Not So Simple, Warns Of Inflation Spike Under Trump</a>
Why It Matters: The industry&#8217;s vulnerability stems from its heavy reliance on Asian manufacturing hubs, including China, Vietnam, and Indonesia. Additional levies could force companies to either absorb higher costs or pass them on to consumers.
Trump&#8217;s proposed policies follow his election victory over Democrat Kamala Harris, where he secured 277 electoral votes and 51% of the popular vote, according to Associated Press figures.
Some companies showed resilience amid the market uncertainty. Puma (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PMMAF#OTC">PMMAF</a>) gained 2.10%, while Deckers Outdoor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), the parent company of Hoka One One, edged up 0.67%.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41795320/trumps-20-tariff-plans-could-unleash-wave-of-spending-on-big-ticket-buys-in-holiday-quarter-says-eco">Trump&#8217;s 20% Tariff Plans Could Unleash Wave Of Spending On Big Ticket Buys In Holiday Quarter, Says Economist Justin Wolfers — &#8216;Already Hearing Anecdata&#8217;</a></li>
</ul>
Image generated using Dall-E
Disclaimer: 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.

Asia

Equities

Markets

ADDYY

DECK

PMMAF

Trump 2.0 A Sneaker Head's Nightmare? Your Next Pair Of Nikes Or Vans Could Cost A Pretty Penny: Here's Why

Adtran (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) reported quarterly losses of $(0.05) per share which missed the analyst consensus estimate of $0.00 by Infinity percent. This is a 72.22 percent increase over losses of $(0.18) per share from the same period last year. The company reported quarterly sales of $227.704 million which missed the analyst consensus estimate of $238.650 million by 4.59 percent. This is a 16.39 percent decrease over sales of $272.331 million the same period last year.

Earnings Misses

ADTN

Adtran Q3 2024 Adj. EPS $(0.05) Misses $0.00 Estimate, Sales $227.704M Miss $238.650M Estimate

VALN

Valneva's Revenue For Nine Months €116.637M Up From €111.8M YoY; EPS €0.17 Up From €(0.50) YoY; Cash Position Of €156.335M

ArcelorMittal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>) reported quarterly earnings of $0.63 per share which beat the analyst consensus estimate of $0.51 by 23.53 percent. This is a 43.24 percent decrease over earnings of $1.11 per share from the same period last year. The company reported quarterly sales of $15.196 billion which missed the analyst consensus estimate of $15.254 billion by 0.38 percent. This is a 8.55 percent decrease over sales of $16.616 billion the same period last year.

Earnings Beats

ArcelorMittal Q3 2024 Adj. EPS $0.63 Beats $0.51 Estimate, Sales $15.196B Miss $15.254B Estimate

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) to report quarterly earnings at $2.56 per share on revenue of $3.08 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Hershey shares rose 1.2% to $177.98 in after-hours trading.</li>
<li>Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) posted better-than-expected third-quarter financial results and announced a $100 million share repurchase program. The company said it sees fourth-quarter revenue of between $178 million and $183 million and adjusted earnings of between 24 cents and 28 cents per share. Upwork shares jumped 7% to $15.60 in the after-hours trading session.</li>
<li>Analysts are expecting Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) to post quarterly earnings at 75 cents per share on revenue of $5.83 billion. The company will release earnings before the markets open. Halliburton shares rose 0.3% to $30.60 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Avid Bioservices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) agreed to be acquired by GHO Capital Partners and Ampersand in a $1.1 billion transaction. Avid Bioservices shares climbed 11.6% to $12.25 in the after-hours trading session.</li>
<li>Analysts expect Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) to report quarterly earnings at 87 cents per share on revenue of $6.24 billion after the closing bell. Block shares gained 0.4% to $77.98 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776764/jim-cramer-this-financial-stock-is-a-buy-likes-broadcom">Jim Cramer: This Financial Stock Is A Buy, Likes Broadcom</a></li>
</ul>
Photo courtesy: Hershey&#8217;s

Pre-Market Outlook

Trading Ideas

CDMO

UPWK

Hershey, Upwork And 3 Stocks To Watch Heading Into Thursday

Long-term holders of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) began to profit-take on their holdings amid a rapid surge in the cryptocurrency&#8217;s price.
What Happened: Two long-term investors sold a total of 33,701 ETH, worth $89.72 million, on Wednesday, according to on-chain tracking platform Spot On Chain.
A whale offloaded 25,000 ETH, earned from the project&#8217;s Initial Coin Offering (ICO) in 2014, to popular cryptocurrency exchange Kraken, leaving a balance of 64,450 ETH. The sale amounted to nearly $65.67 million.
During the ICO, the price of ETH was $0.311 per unit, bringing the total cost basis of 25,000 ETH to $7,775. With the sale, the investor netted a staggeting profit of 844530%.
Similarly, an investor reappeared after 8.75 years to sell 8,701 ETH for $24.05 million in USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) at approximately $2,764 per ETH. This left the holder with 2,304 ETH, valued at $6.48 million, and a profit of $30.48 million, marking a staggering 689x return.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41795307/dogecoins-sister-coin-first-neiro-on-ethereum-jumps-53-to-top-daily-crypto-gainers-list">Dogecoin&#8217;s Sister Coin First Neiro On Ethereum Jumps 53% To Top Daily Crypto Gainers List</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Two long-term <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> holders unloaded 33,701 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($89.72M) as the price surged 13.75% in 24 hours: 1/ Ethereum ICO whale &quot;0xB8c&quot; sent 25,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($65.67M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw">#Kraken</a> at ~$2,627, leaving 64,450 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($181.2M). 2/ Whale &quot;0x0c1&quot; returned after 8.75 years to sell 8,701 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> for… <a href="https://t.co/KrmC7KT60m">pic.twitter.com/KrmC7KT60m</a>
&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1854346405361672436?ref_src=twsrc%5Etfw">November 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The sell-off by these major holders comes amidst a significant spike in the price of ETH. The second-largest cryptocurrency jumped over 10% in just 24 hours, spurred by a broader rally in the market on Donald Trump&#8217;s presidential victory. 
Whale interest was clearly up, as <a href="https://app.intotheblock.com/">data </a>from IntoTheBlock showed a 5A0% jump in transactions worth more than $100,000. 
Most investors were geared toward profit-taking as positive net flows indicated that more ETH was entering exchanges than leaving them. That said, the inflow rate dropped 91% over the last 24 hours, indicating a potential switch from selling to HODLing. 
According to <a href="https://in.tradingview.com/symbols/ETHUSD/technicals/">TradingView</a>, moving averages and momentum indicators such as Moving Average Convergence Divergence (MACD) pointed to sustained bullish momentum, but the Relative Strength Index (RSI) showed a neutral reading.
Price Action: At the time of writing, ETH was exchanging hands at $2,848.50, up 10.2% 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>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41795590/kalshi-and-polymarket-shoot-to-the-top-of-apples-app-store-rankings-amid-election-euphoria">Kalshi And Polymarket Shoot To The Top Of Apple&#8217;s App Store Rankings Amid Election Euphoria</a></li>
</ul>

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

Cryptocurrency

$ETH

$USDC

Ethereum Whales Wake Up From Slumber To Cash Out $90M Amid Rally, But Indicators Show Sentiment Can Flip

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan 10-Year JGB Auction 1.00% Vs. 0.871% Prior

Reported Earlier, China Trade Balance (USD) For October 95.72B Vs. 73.50B Est.; 81.71B Prior

Reported Earlier, China Imports (YoY) For October -2.3% Vs. -1.5% Est.; 0.3% Prior

Reported Earlier, China Exports (YoY) For October 12.7% Vs. 5.0% Est.; 1.4% Prior

Reported Earlier, Australia Trade Balance For September 4.609B Vs. 5.240B Est.; 5.284B (Revised) Prior

Reported Earlier, Australia Building Approvals (MoM) 4.4% Vs. 4.4% Est.; -3.9% Prior

Following President-elect Donald Trump&#8217;s victory, top tech executives have congratulated him and expressed their willingness to work with his administration.
What Happened: On Wednesday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), SpaceX, and Neuralink CEO Elon Musk, a key ally to Trump during his campaign, unsurprisingly congratulated the President-elect.
Trump has previously spoken about <a href="https://www.benzinga.com/startups/24/11/41704205/elon-musk-says-we-can-cut-2-trillion-out-of-the-harris-biden-budget-and-that-americans-money-is-bein">creating a position for Tesla CEO</a> in a &#8220;department of government efficiency&#8221; to reduce the federal workforce.
Following the victory, Tesla shares surged over 14%, with investors hopeful that a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41766869/trump-win-biggest-positive-for-elon-musks-tesla-tech-bull-says-it-could-boost-ev-gi">Trump presidency would benefit</a> the company.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It is morning in America again <a href="https://t.co/GNTE0cUWoc">pic.twitter.com/GNTE0cUWoc</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1854201929519247803?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
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Other tech behemoths such as Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook, Alphabet Inc.&#8217;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>) boss Sundar Pichai, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg congratulated Trump.
Bezos praised Trump&#8217;s win as an &#8220;extraordinary political comeback and decisive victory.&#8221; Before Election Day, Bezos and The Washington Post sparked controversy by <a href="https://www.benzinga.com/24/10/41590684/jeff-bezos-says-this-is-mainstream-medias-biggest-problem-after-washington-post-ends-endorsement-for">withholding an endorsement</a> for the first time in decades. Bezos defended the decision in an op-ed, citing concerns over &#8220;perception of bias.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big congratulations to our 45th and now 47th President on an extraordinary political comeback and decisive victory. No nation has bigger opportunities. Wishing <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> all success in leading and uniting the America we all love.
&mdash; Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1854184441511571765?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/11/41735837/ai-haves-vs-have-nots-palantirs-ryan-taylor-outlines-companys-winning-strategy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;AI Haves Vs. Have-Nots&#8217;: Palantir&#8217;s Ryan Taylor Outlines Company&#8217;s Winning Strategy</a>
Apple CEO and Google boss also congratulated Trump, expressing their eagerness to engage with the new administration.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congratulations President Trump on your victory! We look forward to engaging with you and your administration to help make sure the United States continues to lead with and be fueled by ingenuity, innovation, and creativity.
&mdash; Tim Cook (@tim_cook) <a href="https://twitter.com/tim_cook/status/1854225875002396860?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congratulations to President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> on his decisive victory. We are in a golden age of American innovation and are committed to working with his administration to help bring the benefits to everyone. <a href="https://t.co/IPX7AJ8VvI">pic.twitter.com/IPX7AJ8VvI</a>
&mdash; Sundar Pichai (@sundarpichai) <a href="https://twitter.com/sundarpichai/status/1854207788290850888?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
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OpenAI CEO Sam Altman and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella also took to X, formerly Twitter, to congratulate the President-elect. In the follow-up post, Altman also stressed the importance of the U.S. maintaining its leadership in AI development while upholding democratic values.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">it is critically important that the US maintains its lead in developing AI with democratic values.
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1854203149617389668?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congratulations President Trump, we're looking forward to engaging with you and your administration to drive innovation forward that creates new growth and opportunity for the United States and the world.
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1854216231991271547?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
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Zuckerberg also took to Threads, and acknowledged Trump&#8217;s &#8220;decisive victory.&#8221; He also expressed optimism about future opportunities.
Earlier in September, Trump said Zuckerberg told him during a call after the July assassination attempt that he will <a href="https://www.benzinga.com/news/24/09/40785288/did-mark-zuckerberg-really-say-no-way-i-can-vote-for-a-democrat-in-this-election-to-trump">not vote for a Democrat</a> in this election. However, a Meta spokesperson denied this, stating that Zuckerberg has not endorsed either Trump or Kamala Harris.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06214849/Screenshot-2024-11-07-at-8.18.42%E2%80%AFAM-1024x276.png" alt="" class="wp-image-634175" /><figcaption class="wp-element-caption">Source: Threads</figcaption></figure>
Others including Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) CEO Pet Gelsinger, IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) CEO Arvind Krishna, Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) CEO Chuck Robbins, Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) CEO Dara Khosrowshahi, and Box Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) CEO Aaron Levie, also extended their congratulations to Trump.
<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">We congratulate President-Elect Trump and Vice President-Elect Vance on their victory and look forward to working with their administration to advance America's technology and manufacturing leadership in the world.
&mdash; Pat Gelsinger (@PGelsinger) <a href="https://twitter.com/PGelsinger/status/1854220957591953743?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06215629/Screenshot-2024-11-07-at-8.26.24%E2%80%AFAM-1024x341.png" alt="" class="wp-image-634177" /><figcaption class="wp-element-caption">Source: LinkedIn</figcaption></figure>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cisco looks forward to working with the incoming Trump Administration and Congress—as well as the governors, state lawmakers, and local officials across the US—to advance policies that bolster connectivity, innovation, cybersecurity, and more.
&mdash; Chuck Robbins (@ChuckRobbins) <a href="https://twitter.com/ChuckRobbins/status/1854194562266255811?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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">Congratulations President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> on a resounding victory. We stand ready to work with you and your administration on ways to improve transportation, empower small businesses, and raise the bar for flexible work.
&mdash; dara khosrowshahi (@dkhos) <a href="https://twitter.com/dkhos/status/1854256317483130892?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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">Wild ride. Congrats to <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> on becoming President again. What's great about America is that we're on a rocket ship right now and can keep accelerating with the right policies and execution.
&mdash; Aaron Levie &#x1f1fa;&#x1f1f8; (@levie) <a href="https://twitter.com/levie/status/1854059536405152024?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On the other hand, LinkedIn co-founder Reid Hoffman, a prominent supporter of Vice President Harris' campaign, while acknowledging Trump&#8217;s win, urged Americans to unite.
&#8220;I—and many others—raised alarms about the anti-democratic actions Donald Trump took during his first Presidency, and has promised to take this next time,&#8221; he said in a post on X, adding that Trump's supporters assured him that such behavior wouldn't continue.
<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">We now have a President-elect of the United States: Donald Trump. It is clear that he has again won the presidency in a country where we enjoy relatively unfettered rights to vote, speak out, and steer our futures. In January, we will enjoy a peaceful transfer of power. Peaceful…
&mdash; Reid Hoffman (@reidhoffman) <a href="https://twitter.com/reidhoffman/status/1854253729756917907?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Previously, it was reported that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41755274/trump-win-could-hinder-tech-ev-sector-growth-slow-the-pace-of-ai-revolution-analyst">technology investors are concerned</a> that Trump&#8217;s presidency could lead to higher tariffs, straining U.S.-China relations and disrupting the tech supply chain.
Companies like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Apple, and Tesla may face retaliation from China. Analysts also fear that the President-elect&#8217;s administration could slow the AI revolution.
GOP sweep of the White House and Congress could boost the stock market but negatively impact Big Tech, the analysts have stated.
Trump&#8217;s presidency could also <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">hurt the broader EV market</a> due to the loss of tax incentives. However, Tesla's size and position could provide an edge, as higher tariffs could limit competition from Chinese companies like BYD and Nio.
During Trump's first term, many tech leaders openly opposed him, resigning from advisory councils and challenging his policies.
However, they faced consequences, including Amazon's claim that it lost a $10 billion Pentagon contract due to Trump's alleged personal vendetta against Bezos, <a href="https://www.nytimes.com/2024/11/06/technology/trump-musk-ai-crypto.html">reported</a> the New York Times.
This time, tech leaders are taking a different approach. Some, like Zuckerberg, who Trump threatened to put in jail, began aligning with the President-elect before the election. Former critics, including Bezos, have refrained from public criticism, the report noted.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41705075/jeff-bezos-backed-perplexitys-new-ai-election-hub-promises-real-time-vote-counts-and-candidate-summa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Perplexity&#8217;s New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries — But What About Its Accuracy?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Politics

AAPL

AMZN

CSCO

GOOG

GOOGL

INTC

MSFT

NVDA

TSLA

UBER

Tim Cook, Mark Zuckerberg, And Jeff Bezos Congratulate Trump: What's Next For The Tech Giants?

Renowned economist Peter Schiff advised investors to buy gold dips amid concerns over potential inflation following Donald Trump&#8216;s presidential election victory over Kamala Harris.
What Happened: &#8220;The best Trump trade now is buying the dip in gold and gold mining stocks,&#8221; Schiff posted on X. &#8220;Cutting taxes is easy. We know from experience that substantive spending cuts are impossible. Even Reagan couldn&#8217;t do it, despite making greater promises to do so. Trump will make inflation great again.&#8221;
Trump secured 277 electoral votes and 51% of the popular vote against Harris, according to Associated Press figures. 
Major gold mining stocks, including Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), and Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>), declined over 2% on Wednesday, while gold spot prices traded at $2,656, down 0.09%.
<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">The best <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> trade now is buying the dip in <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> and gold mining stocks. Cutting taxes is easy. We know from experience that substantive spending cuts are impossible. Even Reagan couldn&#39;t do it, despite making greater promises to do so. Trump will make <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> great again.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1854213969382162539?ref_src=twsrc%5Etfw">November 6, 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/markets/equities/24/11/41794926/trump-white-house-could-unlock-trillion-dollar-ai-potential-for-tesla-says-dan-ives">Trump White House Could Unlock Trillion-Dollar AI Potential For Tesla, Says Dan Ives</a>
Why It Matters: A recent Wall Street Journal survey found <a href="https://www.benzinga.com/news/24/10/41312782/trumps-economic-policies-expected-to-drive-inflation-and-deficits-higher-than-harris-economists-say">that 68% of economists expect higher inflation</a> under Trump&#8217;s economic policies compared to Harris&#8217;s proposals, up from 56% in July. The survey, conducted October 4-8, showed only 12% anticipated higher inflation under Harris.
Trump previously announced plans to appoint Tesla Inc CEO Elon Musk as &#8220;Secretary of Cost-Cutting&#8221; to lead a new government efficiency commission. Speaking at New York&#8217;s Madison Square Garden, Musk claimed he <a href="https://www.benzinga.com/startups/24/11/41704205/elon-musk-says-we-can-cut-2-trillion-out-of-the-harris-biden-budget-and-that-americans-money-is-bein">could reduce federal spending by $2 trillion</a>. The commission would conduct &#8220;a complete financial and performance audit of the entire federal government,&#8221; according to Trump.
Economist Justin Wolfers raised <a href="https://www.benzinga.com/news/24/11/41795320/trumps-20-tariff-plans-could-unleash-wave-of-spending-on-big-ticket-buys-in-holiday-quarter-says-eco">concerns about potential consumer behavior</a>, noting on X: &#8220;I wonder whether we are going to see a burst of spending on consumer durables in Q4, as people pull forward spending on big ticket items ahead of the tariffs.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41737614/elon-musks-political-posts-garner-17b-views-since-endorsing-trump-outpace-all-political-campaign-ads">Elon Musk&#8217;s Political Posts Garner 17B Views Since Endorsing Trump, Outpace All Political Campaign Ads Combined On X: Study Reveals 87 Misleading Claims With 2B Views</a></li>
</ul>
Image Via Unsplash
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

GOLD

RGLD

Peter Schiff Says 'Cutting Taxes Is Easy' But Reducing Spending Not So Simple, Warns Of Inflation Spike Under Trump

On the day of the U.S. presidential election, prediction platforms Kalshi and Polymarket reached unprecedented rankings on Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) App Store.
What Happened: Kalshi, a federally-regulated betting platform, clinched the number one position in the free app and &#8216;Finance&#8217; category on Nov. 5, while Polymarket, a cryptocurrency-based platform, rose to the top of the &#8216;Magazine &amp; Newspapers&#8217; and &#8216;News&#8217; category on the day, <a href="https://app.sensortower.com/?app_tab=trending&amp;category=0&amp;app_id=6648798962">according </a>to app analytics platform Sensor Tower. 
The growth has been staggering, to say the least, as just 10 days ago, Kalshi was ranked 55 in the free app category. Polymarket, similarly, jumped to the 2nd spot in the free app category after being ranked 108th as of Oct. 29.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41795154/ripple-ceo-brad-garlinghouse-proposes-crypto-blueprint-for-trumps-first-100-days-fire-gens">Ripple CEO Brad Garlinghouse Proposes Crypto Blueprint For Trump&#8217;s First 100 Days: &#8216;Fire Gensler. Day 1, No Delays&#8217;</a>
The blockbuster rankings both platforms achieved were likely driven by the surge in interest in predicting election outcomes. 
Both platforms allow users to place bets on various election-related markets, such as swing state races and the presidential contest outcome. However, only Kalshi <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41158370/wanna-put-your-money-on-trump-or-harris-crypto-based-polymarket-gets-competition-after-kal">is available to U.S. users</a>. 
About $3.6 billion was <a href="https://polymarket.com/event/presidential-election-winner-2024">wagered </a>on the outcome of the presidential race on Polymarket, arguably the hottest prediction market currently. A fraction of it—about $440 million—was <a href="https://kalshi.com/live/trump-v-harris">invested </a>in Kalshi for the presidential contract.
Why It Matters: Donald Trump <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">was declared President</a>, overcoming the challenge by Democratic rival Kamala Harris in a hotly contested fight. 
One notable bettor, a French &#8216;Trump Whale&#8217; known as Theo, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41772749/donald-trumps-re-election-nets-french-trump-whale-almost-50-million">netted almost $50 million</a> on Polymarket following Trump&#8217;s victory. On the other side, Harris&#8217; biggest backer, Redegen, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41778219/kamala-harriss-biggest-polymarket-backer-loses-6-7-million-as-donald-trump-secures-the-pop">lost around $6.7 million</a>.
Photo by BigTunaOnline on Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41795307/dogecoins-sister-coin-first-neiro-on-ethereum-jumps-53-to-top-daily-crypto-gainers-list">Dogecoin&#8217;s Sister Coin First Neiro On Ethereum Jumps 53% To Top Daily Crypto Gainers List</a></li>
</ul>

Kalshi And Polymarket Shoot To The Top Of Apple's App Store Rankings Amid Election Euphoria

A leading economist warns that U.S. consumers may rush to purchase big-ticket items in the fourth quarter, anticipating President-elect Donald Trump&#8216;s <a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">proposed 20% tariff on imports</a>.
What Happened: &#8220;I wonder whether we are going to see a burst of spending on consumer durables in Q4, as people pull forward spending on big ticket items ahead of the tariffs. I&#8217;m already hearing anecdata of this,&#8221; economist Justin Wolfers wrote on X following Trump&#8217;s victory in the 2024 presidential election.
Wolfers&#8217; observation comes as Trump secured a decisive win over Democrat Kamala Harris, capturing 277 electoral votes and 51% of <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">the popular vote</a>, according to Associated Press figures. The president-elect has promised to implement broad tariffs, including a 10% levy on all imports and higher rates on Chinese goods.
<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">I wonder whether we are going to see a burst of spending on consumer durables in Q4, as people pull forward spending on big ticket items ahead of the tariffs. I&#39;m already hearing anecdata of this.
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1854301761651024056?ref_src=twsrc%5Etfw">November 6, 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/markets/equities/24/11/41785495/us-treasuries-take-sharpest-plunge-in-a-year-ahead-of-fed-meeting-could-powell-adjust-stance-in-">US Treasuries Take Sharpest Plunge In A Year Ahead Of Fed Meeting: Could Powell Adjust Stance In Response To Trump?</a>
Why It Matters: Trump&#8217;s victory, marking the first non-consecutive second term since Grover Cleveland in the 1800s, sets the stage for significant economic policy shifts. Beyond tariffs, his agenda includes extending the 2017 tax cuts and exempting Social Security payments, tips, and overtime income from taxation.
The potential consumer response highlights the broader economic implications of <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy">Trump&#8217;s trade agenda</a>. ABN Amro senior economist Rogier Quaedvlieg cautioned that &#8220;a full-scale implementation of Trump&#8217;s tariffs will increase inflation and put the U.S. in a recession.&#8221;
JPMorgan analysts estimate the proposed trade policies could push inflation up by 2.4% in a <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy">worst-case scenario</a>, potentially triggering a surge in consumer spending before the tariffs take effect. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41794198/trump-has-asked-me-to-do-3-things-says-robert-kennedy-jr">Trump Has Asked Me To Do 3 Things, Says Robert Kennedy Jr.</a></li>
</ul>
Image Via Pixabay 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

Trump's 20% Tariff Plans Could Unleash Wave Of Spending On Big Ticket Buys In Holiday Quarter, Says Economist Justin Wolfers — 'Already Hearing Anecdata'

Dog-themed meme coin First Neiro On Ethereum (NEIRO) emerged as the biggest beneficiary of the Donald Trump-induced cryptocurrency market rally Wednesday.
What happened: NEIRO, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40041947/dogecoin-owners-new-shiba-inu-dog-neiro-sparks-multi-million-meme-coin-madness-on-solana-e">named after the newly adopted Shiba Inu pup</a> of the owner of Kabosu, the inspiration of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and many dog-themed cryptocurrencies, swelled 53% over the last 24 hours.
The Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based meme coin saw its trading volume balloon 331% to over a billion in the last 24 hours, while its market capitalization approached $900 million.
Linked by a "familial" connection, NEIRO has <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41220608/first-neiro-on-ethereum-inspired-by-dogecoin-mascot-owners-new-dog-shoots-up-19-sister-coi">followed DOGE's rallies</a> of late, but this time its returns vastly outperformed those of its sister coin.
Since its launch in August, NEIRO has been on a parabolic run, netting eye-popping returns of 46853.91%.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41756625/will-donald-trump-prematurely-claim-victory-5-polymarket-markets-to-watch-on-election-nigh">Will Donald Trump Prematurely Claim Victory? 5 Polymarket Markets To Watch On Election Night</a>
DOGE, meanwhile, was up over 10%, riding high on <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">Trump's presidential victory</a> and prospects of an Elon Musk-headed <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41764063/dogecoin-powers-to-7-month-high-as-investors-anticipate-musk-headed-doge-department-under-">Department of Government Efficiency</a>, or ‘DOGE.'
DOGE has risen 122% year-to-date, making it the best-performing cryptocurrency among the top ten biggest coins by market capitalization;
Price Action: At the time of writing, NEIRO was exchanging hands at $0.002126, up 53.20% 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>.
Photo by CMP_NZ on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41763299/trump-themed-cryptos-nfts-surge-in-expectations-of-former-presidents-victory-coin-inspired">Trump-Themed Cryptos, NFTs Surge In Expectations Of Former President&#8217;s Victory — Coin Inspired By Harris Falls 13%</a></li>
</ul>

Movers

$DOGE

Dogecoin's Sister Coin First Neiro On Ethereum Jumps 53% To Top Daily Crypto Gainers List

On Wednesday, Ark Invest, led by Cathie Wood, made significant trades in Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) and Square Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>).
The Moderna Trade
Ark Invest removed 49,922 shares of Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) from its ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) on Wednesday. The trade is estimated to be worth $2.6 million, based on the latest closing price of $51.81.
This move comes after Ark Invest sold a significant amount of Moderna stock earlier in October. The company&#8217;s decision to offload over $9 million in Moderna came amidst the unveiling of Moderna&#8217;s <a href="https://www.benzinga.com/markets/24/10/41300903/cathie-woods-ark-invest-dumps-over-9m-in-moderna-stock-even-with-post-covid-plans-on-the-table">post-COVID roadmap</a>.
The Block Trade
Ark Invest sold 31,771 shares of Block on Wednesday. The trade, made through ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), is estimated to be worth $2.5 million, based on the latest closing price of $77.64.
Jack Dorsey, the CEO of Block, recently announced a fresh <a href="https://www.benzinga.com/news/24/10/41646193/block-ceo-jack-dorsey-announces-another-round-of-layoffs-at-tidal">wave of layoffs</a> at the music streaming service Tidal, which the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-focussed Block owns. This move came amidst a significant round of layoffs, with Dorsey stating that Tidal needs to function "like a startup again," necessitating a much smaller team across the organization.
Other Key Trades: 
<ul>
<li>Ark loaded up on shares of Crisper Therapeutics (CRSP) and Twist Bioscience Corp (TWST)</li>
<li>The Wood-led firm sold shares of Sofi Technologies (SOFI) and Unity Software (U). </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41767332/trumps-potential-return-to-white-house-sends-ex-president-linked-phunware-stock-upwards-during-p?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Potential Return To White House Sends Ex-President Linked Phunware Stock Upwards During Pre-Market Hours</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Cathie Wood's Wednesday Exodus: Moderna And Jack Dorsey's Block Stocks Get Dumped

In a report released yesterday, Roger Read from Wells Fargo maintained a Hold rating on Ovintiv (OVV – Research Report), with a price target of $42...

Ovintiv (OVV) Receives a Hold from Wells Fargo

Ovintiv gains amid speculation on Coterra Energy approach

The 1-Minute Market Report October 6, 2024

An update from Ovintiv ( ($OVV) ) is now available. On October 9, 2024, Ovintiv Inc. shared a presentation with investors on its website, offering ...

Ovintiv Presents Corporate Performance Insights to Investors

In a report released on October 7, Gregory Pardy from RBC Capital maintained a Hold rating on Ovintiv (OVV – Research Report), with a price target ...

Ovintiv (OVV) Receives a Rating Update from a Top Analyst

Jefferies analyst Lloyd Byrne maintained a Buy rating on Ovintiv (OVV – Research Report) today and set a price target of $57.00. The company's shar...

Jefferies Sticks to Their Buy Rating for Ovintiv (OVV)

In a report released today, Betty Jiang from Barclays maintained a Buy rating on Ovintiv (OVV – Research Report), with a price target of $53.00. Th...

Barclays Sticks to Its Buy Rating for Ovintiv (OVV)

In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on Ovintiv (OVV – Research Report), with a price target of...

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