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Glimpse Group

The Glimpse Group Inc is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software and services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry.

The Glimpse Group Inc

Responder Analyses Show Treatment with Aficamten Demonstrated Improvements&nbsp; on Multiple Assessments of Clinical Significance to Cardiologists
Results Simultaneously Published in&nbsp; the Journal of the American College of Cardiology

Biotech

News

Events

General

CYTK

Cytokinetics Presents Additional SEQUOIA-HCM Data At HFSA Annual Scientific Meeting

Semiconductor stocks, led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are trading lower Monday amid reports that Beijing is <a target="_blank" href="https://www.benzinga.com/news/24/09/41082667/heres-why-china-is-urging-its-companies-to-forgo-nvidias-chips" rel="noreferrer noopener">encouraging Chinese firms</a> to focus on domestic artificial intelligence (AI) chips from companies like Cambricon Technologies Corp and&nbsp;Huawei Technologies Co.
The move marks an escalation of geopolitical tensions between China and the U.S.
Nvidia suppliers and rivals including Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) are down in pin action with the interconnectivity of the semiconductor ecosystem.
AI server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is also down.
China recently announced plans to slash its key rates to drive growth, shadowing the U.S. move. The countries expect the move to drive discretionary spending, which in turn will drive economic growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a>
Prior reports indicated that Nvidia <a target="_blank" href="https://www.benzinga.com/government/24/07/39646273/is-nvidia-defying-us-export-controls-whats-going-on" rel="noreferrer noopener">was on track</a> to sell $12 billion of artificial intelligence chips in China in 2024 through the sale of over&nbsp;1 million new H20 chips, with each chip costing $12,000-$13,000.
<a target="_blank" href="https://www.benzinga.com/news/24/09/41066968/microsoft-google-meta-pave-path-to-ai-expansion-nvidia-and-broadcom-set-to-reap-benefits" rel="noreferrer noopener">Meanwhile, U.S. hyperscalers</a>, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Google parent&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) remain invested in their AI endeavors, signaling continued demand for Nvidia AI chips.
Chinese hyperscalar Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) also <a href="https://www.benzinga.com/news/24/09/41089672/whats-going-on-with-alibaba-stock-on-monday" target="_blank" rel="noreferrer noopener">collaborated with Nvidia</a> on autonomous driving experience.
<h2 class="wp-block-heading">AMD Stock Prediction For 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Advanced Micro Devices have an average 1-year price target of $196.27, representing an expected upside of 19.42%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Advanced Micro Devices, while 13 analysts have bullish ratings. The street high price target from Rosenblatt is $250.0, while the street low from Truist Securities is $156.0.
Price Action: NVDA stock is down 2.65% at $118.18 premarket at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40980388/amd-chief-predicts-custom-chips-will-outperform-gpus-sees-shift-in-ai-chip-demand-report" target="_blank" rel="noreferrer noopener">AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: Report</a></li>
</ul>
Photo: Nazrul Iznan via Shuttestock

Government

Regulations

Tech

AVGO

BABA

GOOG

GOOGL

INTC

MRVL

MSFT

NVDA

SMCI

What's Going On With Chip Stocks Like Nvidia, Taiwan Semi And AMD on Monday?

Piper Sandler analyst Peter Keith maintains Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) with a Overweight and raises the price target from $387 to $455.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Home Depot, Raises Price Target to $455

Guidance

Carnival Corp Raises Its Full Year 2024 Adjusted EBITDA Guidance To ~$6B; Sees Q4 Adj Eps $0.05 Vs $0.07 Est.; Says Strong Demand Enabled Us To Increase Our Full Year Yield Guidance For Third Time This Year; Improved Our FY Cost Guidance Driving More Revenue To Bottom Line; Sees FY24 Adj EPS $1.33 Vs $1.21 Est.; Says Well Positioned With Even Stronger Base Of Business For 2025, Record Start To 2026 And Firmly On Path Toward Our Sea Change Targets, Looking Forward, Enhanced Commercial Execution Drives Demand

Piper Sandler analyst Stephen Scouten upgrades Amerant Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTB#NYSE">AMTB</a>) from Neutral to Overweight and raises the price target from $26 to $26.5.

Upgrades

AMTB

Piper Sandler Upgrades Amerant Bancorp to Overweight, Raises Price Target to $26.5

Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) reported quarterly earnings of $1.27 per share which beat the analyst consensus estimate of $1.16 by 9.48 percent. This is a 47.67 percent increase over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $7.90 billion which beat the analyst consensus estimate of $7.83 billion by 0.84 percent. This is a 15.20 percent increase over sales of $6.85 billion the same period last year.

Earnings

Earnings Beats

Carnival Q3 Adj EPS $1.27 Beats $1.16 Estimate, Sales $7.90B Beat $7.83B Estimate

Billionaire investor Howard Marks isn&#8217;t holding back regarding the promises thrown around in the presidential race. He's got some sharp words for both Donald Trump and Kamala Harris.&nbsp;
&#8220;Like me, you&#8217;ve undoubtedly noticed that politicians ranging from former President Donald Trump and Vice President Harris to down-ballot candidates are back to making promises that ignore economic reality,&#8221; Marks wrote in his latest memo.&nbsp;
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Let's break it down, starting with Trump. Marks thinks Trump's <a href="https://www.benzinga.com/news/24/09/41019829/mark-cuban-fires-back-at-criticism-of-kamala-harris-tax-policies-trump-has-a-new-tax-cut-or-tariff-f">plans for higher tariffs </a>are off the mark. &#8220;Tariffs might stimulate U.S. output,&#8221; Marks said, but they also mean higher consumer prices. And Trump's idea to slap 10% duties on nearly all U.S. imports? &#8220;Equivalent to a price hike on average American consumers,&#8221; Marks warned.&nbsp;
He also doesn't buy into Trump's tax proposals. Trump wants to keep the corporate tax rate at 21% by extending the 2017 tax cuts. But according to Marks, this could blow up the national deficit by trillions. &#8220;The truth is, deficits encourage the economic growth that most people enjoy and spending more than the government takes in permits officials to give away &#8216;free stuff,&#8217; thereby gaining votes,&#8221; Marks pointed out. But there's a catch. &#8220;Doing this perpetually requires ignoring the laws of economics,&#8221; he added.&nbsp;
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Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
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Then there's Kamala Harris. Marks isn't sold on her <a href="https://www.benzinga.com/personal-finance/24/08/40508841/oleary-on-harris-price-control-plan-thats-beyond-crazy-it-didnt-work-in-the-70s-it-wont-work-now">anti-price gouging policy. </a>Harris wants to tackle grocery inflation, but Marks thinks she's missing the bigger picture. &#8220;There&#8217;s nothing wrong with trying to bring down the cost of necessities. However, the best way to do this is to encourage additions to supply,&#8221; Marks said. He's skeptical that price hikes are just about corporate greed. Instead, he believes they're tied to supply-demand issues, and simply mandating lower prices won't cut it. &#8220;Mandating lower prices is generally the least effective way to get them,&#8221; Marks explained.&nbsp;
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Trending: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
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Marks also shot at Harris' housing plan, which proposes $25,000 in down payment assistance for first-time homebuyers. Sounds good, right? But Marks sees a problem. &#8220;The problem here is that giving a million would-be buyers $25,000 each, or $25 billion in all, would almost certainly result in an immediate increase in home prices,&#8221; he said. In other words, the plan might backfire by driving up prices instead of making homes more affordable.&nbsp;
In summary, Marks thinks both Trump and Harris are pushing ideas that don't align with economic reality. &#8220;Can it go on without end? We&#8217;ll see, but I would think not,&#8221; Marks concluded.
See Also: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
Howard Marks might be throwing shade at Trump's tariffs and Harris's price-gouging plans, but not everyone agrees. Some folks, like economist Isabella Weber, see Harris's anti-gouging push as a way to keep big companies in check when things get rough. Weber's thinking? With climate change and global tensions messing with supply chains, we will need these kinds of tools to stop companies from jacking up prices when it counts.&nbsp;
"​​Supply shocks in the future are likely to be sharper and more frequent," said Weber, an economist at the University of Massachusetts Amherst. "We need to equip the FTC and state attorneys general to deal with the coming supply shocks."
Read Next:
<ul>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li>A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a></li>
</ul>

Personal Finance

Billionaire Howard Marks Calls Out Trump And Harris: Policies 'Ignore Economic Reality' With Tariffs, Taxes And Price Controls

An automated platform designed to fight against Sepsis and Antimicrobial Resistance (AMR)
Enables rapid, automated microbial identification on the Bruker MALDI Biotyper&#xAE; CA System directly from positive blood culture samples
TUCSON, Ariz., Sept. 30, 2024 /PRNewswire/ -- Accelerate Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXDX#NASDAQ">AXDX</a>), an innovator of rapid in vitro diagnostics, announced that the U.S. Food and Drug Administration (FDA) has granted 510(k) clearance of the Accelerate Arc system and BC kit, an innovative, automated positive blood culture sample preparation platform, for use with Bruker's MALDI Biotyper&#xAE; CA &nbsp;System (MBT-CA System) and MBT-CA Sepsityper&#xAE; software extension.
Designed for clinical laboratories, the Accelerate Arc system has a simple workflow that automates positive blood culture sample preparation for direct downstream microbial identification (ID) using Bruker's MBT-CA system. This eliminates the need for overnight culture methods, reducing the wait time for microbial ID results, which is critical in the fight against sepsis.
The Accelerate Arc system is designed to leverage the breadth of the Bruker MBT-CA reference library to provide rapid ID. This, in conjunction with our future rapid phenotypic antibiotic susceptibility testing (AST) innovation, the Accelerate WAVE&#x2122; system1, can enable same shift reporting to Antimicrobial Stewardship teams and clinicians alike. By providing clinicians with rapid ID and AST results, clinicians can get the patient on the optimal antibiotic therapy many hours sooner, which has been shown to improve patient outcomes with Sepsis, reduce antimicrobial resistance rates and hospital costs.

AXDX

Accelerate Diagnostics Announces FDA Clearance Of Its Accelerate Arc System, An Automated Platform Designed To Fight Against Sepsis And Antimicrobial Resistance

Bitcoin (CRYPTO: <a href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks Marathon Digital Holdings Inc (NASDAQ: <a href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>), Riot Platforms Inc (NASDAQ: <a href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) and CleanSpark Inc (NASDAQ: <a href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) are moving lower Monday alongside the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41079475/benzinga-bulls-and-bears-apple-tesla-novo-nordisk-bitcoin-and-shiba-inus-major-stablecoin-">price of Bitcoin.</a>
What To Know:&nbsp;Bitcoin is down about 2.5% over the last 24 hours driving weakness in the broader crypto space and in crypto-related stocks. The move comes as Bitcoin has rallied in recent weeks after Bitcoin spot ETFs&nbsp;reported several consecutive days of <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41070034/bitcoin-smashes-through-66-000-as-etfs-take-in-365m-to-extend-their-inflow-streak-to-6-str">positive fund flows</a>. Bitcoin is up about 9% over the last month and is about 15% off all-time highs.
Bitcoin miners report mining metrics on a monthly basis. Marathon, Riot and CleanSpark are expected to report numbers for September this week. 
Last month, Marathon said it mined 673 Bitcoin with an energized hash rate of 35.2 EH/s, Riot mined 322 Bitcoin with an average operating hash rate of 14.5 EH/s and CleanSpark mined 478 Bitcoin with an operating hash rate of 22.6 EH/s.
Marathon Digital&nbsp;engages in&nbsp;mining digital assets and focuses on the Bitcoin ecosystem.&nbsp;The stock was down 3.76% at $16.64&nbsp;at publication time.&nbsp;
Riot Blockchain is focused on building, supporting and operating&nbsp;<a href="https://www.benzinga.com/topic/blockchain" target="_blank" rel="noreferrer noopener">blockchain technologies</a>. Shares were down 3.44% at $7.57&nbsp;Monday morning.
CleanSpark&nbsp;is an energy&nbsp;company that transitioned its expertise to focus on Bitcoin mining in 2020. CleanSpark shares were down 4.74% at $9.65 at the time of writing.
Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41079475/benzinga-bulls-and-bears-apple-tesla-novo-nordisk-bitcoin-and-shiba-inus-major-stablecoin-">Benzinga Bulls And Bears: Apple, Tesla, Novo Nordisk, Bitcoin — And Shiba Inu&#8217;s Major Stablecoin Tease</a>
$BTC Price Action: At the time of publication, Bitcoin was down 2.48% over a 24-hour period, trading around $64,000, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

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

Cryptocurrency

Movers

$BTC

CLSK

MARA

RIOT

What's Going On With Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark?

Roth MKM analyst Mike Niehuser maintains American Res (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREC#NASDAQ">AREC</a>) with a Buy and lowers the price target from $5 to $4.

AREC

Roth MKM Maintains Buy on American Res, Lowers Price Target to $4

Silynxcom has received a total of approximately $1,550,000 in orders from the Israel Defense Forces since the beginning of the third quarter of 2024
Netanya, Israel, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#NYSE">SYNX</a>) ("Silynxcom" or the "Company"), a manufacturer and developer of ruggedized tactical communication headset devices, has received additional orders from the Israel Defense Forces ("IDF") in the amount of $740,000, adding to the $815,000 worth of orders secured since the beginning of July 2024. This brings the total accumulated orders from the IDF to approximately $1,550,000 since the beginning of July 2024. This latest order signals Silynxcom's growth in the military tactical communication equipment market.
Silynxcom specializes in developing ruggedized tactical communication headset devices designed to meet the rigorous demands of modern militaries, law enforcement units and industrial sectors. These headsets deliver exceptional audio clarity and reliable communication, which can contribute to safer and more efficient operations for our end-users.

Contracts

SYNX

Silynxcom Announces $740,000 In Orders For Tactical Communication Equipment From The Israel Defense Forces, Bringing The Total Accumulated Orders From The IDF To ~$1,550,000 Since The Beginning Of July 2024

RBC Capital analyst Maurice Choy reiterates Fortis (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FTS#TSX">FTS</a>) with a Sector Perform and maintains C$62 price target.

Reiteration

TSX:FTS

RBC Capital Reiterates Sector Perform on Fortis, Maintains C$62 Price Target

A savvy trader has reportedly transformed a $1,331 investment into an astounding $9.5 million in just 16 days, achieving a 7,140x return from an early investment in MOODENG (CRYPTO: MOODENG), a meme coin that has rapidly <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41072097/viral-baby-hippo-moo-deng-steals-spotlight-from-dogecoin-shiba-inu-this-trader-made-392-00">gained traction in the space</a>.
What Happened: MOODENG, a Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based token, is currently trading around a market capitalization of $205 million, down from its Saturday peak of $339 million, according to <a href="https://dexscreener.com/solana/22wrmytj8x2trvqen3fxxi2r4rn6jdhwomtpssmn8rud">data</a> from DexScreener.
The token&#8217;s meteoric rise in value was caused by the viral popularity of its namesake, Moo Deng, an adorable baby hippo from a Thailand zoo.
Blockchain analytics firm Lookonchain <a href="https://x.com/lookonchain/status/1839690933891420271">reported</a> the trader invested 9.8 SOL (equivalent to $1,331) to acquire 38.7 million MOODENG tokens on Sep 10.
In a recent partial exit, the investor sold 104,000 MOODENG for 112 SOL ($17,900), while maintaining the majority of their position.
The remaining 38.64 million MOODENG tokens are now valued at over $9.5 million, highlighting the token&#8217;s explosive growth over just two weeks.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41079308/from-binances-zhao-to-silk-roads-ulbricht-meet-the-crypto-moguls-who-amassed-272-years-of-">From Binance&#8217;s Zhao To Silk Road&#8217;s Ulbricht: Meet The Crypto Moguls Who Amassed 272 Years Of Prison Time</a>
Why It Matters: Last week, another trader <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41072097/viral-baby-hippo-moo-deng-steals-spotlight-from-dogecoin-shiba-inu-this-trader-made-392-00">had profited</a> $392,200 through another early investment in the meme coin. 
The rise of MOODENG comes amid a broader resurgence in the meme coin market. Dogecoin and Shiba Inu have both experienced significant gains recently. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41092021/dogecoin-up-19-shiba-inu-surges-32-in-september-whats-next-for-the-meme-coin-leaders">Dogecoin</a> surged 19% and <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41078941/if-you-invested-100-in-shiba-inu-when-the-coin-launched-heres-how-much-youd-have-now">Shiba Inu</a> rose 32% in September, driven by renewed interest and social media buzz.
These developments have set the stage for MOODENG&#8217;s impressive performance, as investors look for the next big meme coin in the so-called &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39420068/is-the-meme-coin-super-cycle-over-trader-outlines-pros-and-cons">memecoin supercycle</a>.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/09/41075742/mark-cuban-as-treasury-secretary-no-head-of-the-sec-is-the-job-hed-take-because-gary-gensler-has-bee">Mark Cuban As Treasury Secretary? No, &#8216;Head Of The SEC&#8217; Is The Job He&#8217;d Take Because Gary Gensler Has Been &#8216;Awful&#8217; For Crypto, Businesses</a></li>
</ul>
Image: Shutterstock

$SOL

Viral Baby Hippo Moodeng Prints Another Meme Coin Millionaire: Trader Turns $1,331 Into $9,5M In 16 Days

Roth MKM analyst Justin Clare reiterates American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) with a Buy and maintains $29 price target.

AMSC

Roth MKM Reiterates Buy on American Superconductor, Maintains $29 Price Target

D-MARKET Electronic Services &amp; Trading (d/b/a "Hepsiburada") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPS#NASDAQ">HEPS</a>), a leading Turkish e-commerce platform, today announced the second issuance of asset-backed securities amounting to TRY 350 million. &nbsp;
The second issuance of asset-backed securities amounting to TRY 350 million, within the scope of the TRY 2 billion limit given by the Capital Markets Board to Pasha Yatırım Bank Hepsiburada Varlık Finansmanı Fonu, settled on September 27, 2024. In this structure, Hepsiburada participated as the originating entity with respect to its BNPL receivables. The issue consists of six tranches with an average maturity of 84 days and at an annual average interest rate of 51.00%. Hepsiburada intends to use the funds raised through this issue to sustainably grow its BNPL business and reduce its impact on working capital.

Financing

Offerings

HEPS

Hepsiburada Announces The Second Issuance Of Asset-backed Securities Amounting To TRY 350 Million

WIIM

TTEC

TTEC shares are trading higher after the company's CEO proposed to take the company private at $6.85 per share.

SLR Investment Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRC#NASDAQ">SLRC</a>) (the "Company" or "SLRC") today announced that on September 27, its wholly-owned portfolio company, SLR Business Credit ("SLR-BC") acquired an asset-based factoring portfolio and operations from Webster Bank, N.A.'s Commercial Services Division ("Webster") in an asset purchase that includes a team of professionals and a seasoned portfolio. The factoring business specializes in providing financing solutions to middle-market companies. SLR-BC is a commercial finance company that specializes in making senior secured asset-based loans and factoring to small and medium-sized companies with borrowing needs of $100,000 up to $100 million.
The approximately $115 million portfolio acquired from Webster is diversified with loans to long-standing customers. This acquisition increases SLR-BC's exposure to first lien senior secured collateralized assets.
The addition of the asset-based factoring business, along with its team, further enhances SLRC's diversified specialty finance platform. The Company has a proven history of underwriting and integrating strong lending platforms that are seeking long-term, stable capital and synergies with a new strategic partner.

SLRC

SLR Investment Corp. Acquired An Asset-Based Factoring Portfolio And Operations From Webster Bank, N.A.'s Commercial Services Division For $115M, In An Asset Purchase That Includes A Team Of Professionals And A Seasoned Portfolio

KeyBank Surpasses $1M In Neighbors First Credits, Helping 200 Clients Achieve Sustainable And Affordable Homeownership Since Program Launch In July 2023

Ed Yardeni, the president of Yardeni Research, highlighted a significant issue in the labor market: a skills mismatch. This could have far-reaching implications for the economy, particularly in the context of the Federal Reserve&#8217;s current focus on unemployment.
What Happened: Yardeni pointed out that the Fed&#8217;s current focus on unemployment might be misguided, given the skills mismatch in the labor market, in his <a href="https://www.cnbc.com/video/2024/09/30/theres-a-skills-mismatch-in-the-labor-market-says-ed-yardeni.html">interview</a> with CNBC. He noted that the Fed, under the leadership of Jerome Powell, has been liberal in its mandate, with a strong emphasis on maintaining low unemployment rates.
However, Yardeni argued that the current low unemployment rate is not necessarily indicative of a healthy labor market, pointing towards the lesser number of job openings and the absence of skilled workforce who can operate advanced technologies.
&#8220;What we really need is a lot of very skilled workers, particularly in the area of technology. Or at least with a technology background. And if that's the case, we have a lot of work to do to augment the productivity of workers with technology,&#8221; Yardeni said.
See Also: <a href="https://www.benzinga.com/news/earnings/24/09/41042726/us-stocks-set-for-strong-start-micron-jumps-china-commits-more-stimulus-strategist-flags-tremendous?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq Futures Surges Higher After Micron Earnings: What&#8217;s Going On</a>
Why It Matters: The Fed&#8217;s focus on unemployment has been a central theme in recent economic discussions. The Fed&#8217;s decision to cut interest rates by <a href="https://www.benzinga.com/markets/equities/24/09/40965372/fed-delivers-large-interest-rate-cut-in-bid-to-sustain-labor-market-stocks-gold-set-new-record-h">50 basis points</a> in September was largely seen as a move to sustain the labor market. This bold decision, which defied most economists&#8217; predictions, was accompanied by a strong emphasis on the importance of preemptive action to support robust employment.
Despite the skills mismatch highlighted by Yardeni, recent economic indicators have suggested <a href="https://www.benzinga.com/news/econ-s/24/09/41046484/weekly-jobless-claims-lower-than-expected-suggesting-labor-market-strength-wall-street-set-for-highe">strength in the labor market</a>. The U.S. economy expanded by 3% in the second quarter, marking the eighth consecutive quarter of growth. Additionally, initial jobless claims for the week ending Sept. 21 came in slightly below expectations, indicating some improvement in labor market conditions.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41074448/latest-inflation-data-cements-feds-interest-rate-call-s-p-500-hits-all-time-high-biden-adviser-b?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Latest Inflation Data Cements Fed&#8217;s Interest Rate Call, S&amp;P 500 Hits All-Time High, Biden Adviser Backs C</a></li>
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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.
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Ed Yardeni Points Out Skills Mismatch In Labor Market Amid Federal Reserve's Focus On Reducing Unemployment: 'We Have A Lot Of Work To Do...'

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	The post <a href="https://investorplace.com/earning-results/2024/05/vrar-stock-earnings-glimpse-group-for-q3-of-2024/">VRAR Stock Earnings: Glimpse Group Beats EPS, Misses Revenue for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

VRAR Stock Earnings: Glimpse Group Beats EPS, Misses Revenue for Q3 2024

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Press Releases

The Glimpse Group Appoints Dr. Tamar Elkeles to its Board of Directors

The Glimpse Group to Announce Q3 Fiscal Year 2024 Financial Results On Wednesday, May 15, 2024 at 4:30 p.m. Eastern Time

Brightline Interactive Enters into a $4+ Million Contract With A Department Of Defense Entity

The Glimpse Group Reports Q3 Fiscal Year 2024 Financial Results

The Glimpse Group to Participate in the Lytham Partners Spring 2024 Investor Conference on May 30, 2024

The Glimpse Group To Host An Investor Webinar Discussing The Intersection of AI and Spatial Computing, Bringing the Power of AI into the 3D World

Brightline Interactive Extends Partnership With A Large Government Systems Integrator (GSI) For Virtual Reality Training In Digital Twin Environments

Brightline Interactive Enters Into A Cooperative Research And Development Agreement (CRADA) With The United States Army Combat Capabilities Development Command (DEVCOM), Command, Control, Communication, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) Center

The Glimpse Group to Announce Fiscal Year 2024 Financial Results on Monday, September 30, 2024 at 4:30 p.m. Eastern Time

The Glimpse Group Partners With The College Of Staten Island (CUNY) To Provide Immersive Technologies For Its Innovation Hub

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