OneConnect Financial Tech Stock (NYSE: OCFT)

Dernières nouvelles pour OneConnect Financial Tech (NYSE:OCFT) Stock

OneConnect Financial Tech

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.

OneConnect Financial Technology Co., Ltd. American Depositary Shares, each representing thirty ordinary shares

OneConnect Financial Technology Co Ltd

Canadian Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) has set its 2025 budget, expecting an operating<a target="_blank" href="https://benzinga.com/pressreleases/25/01/42892935/canadian-natural-resources-limited-announces-2025-budget" rel="noreferrer noopener"> capital budget of about C$6 billion (~$4.2 billion)</a>.
This includes funding for several acquisitions slated for closure in the first quarter of 2025, pending regulatory approvals.
This budget aims to support both production growth in 2025 and long-term capacity expansion.
Additionally, the company has approved C$135 million in capital, including C$90 million for carbon capture projects and C$45 million for a one-time office relocation.
The company targets annual production of 1,510 MBOE/d and 1,555 MBOE/d, representing <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">a 12% growth over 2024 levels</a>.
This strong corporate growth comprises the previously disclosed strategic acquisition of the AOSP and Duvernay assets completed in 2024.
Canadian Naturals projects its production mix for 2025 to be about 47% light crude oil, NGLs, and Synthetic Crude Oil, 26% heavy crude oil, and 27% natural gas, based on the mid-point of its corporate production guidance.
Canadian Natural Resources expects growth to deliver production per share growth of 12% to 16%, based upon recent strip pricing.
Canadian Natural Resources sees natural gas production of 2,425 MMcf/d to 2,480 MMcf/d in 2025, reflecting growth of 14% compared to 2024 levels, based on the mid-point of the forecasted range.
Last month, Canadian Natural Resources finalized the acquisition of Chevron Canada&#8216;s Alberta assets, which include a 20% interest in the Athabasca Oil Sands Project (AOSP) and a 70% operated interest in Duvernay&#8217;s light crude oil and liquids-rich assets.
The acquisition is expected to add approximately 122,500 BOE/d to production in 2025, with 62,500 bbl/d of Synthetic Crude Oil from AOSP and 60,000 BOE/d from Duvernay, which includes natural gas and liquids.
Price Action: CNQ shares closed lower by 0.21% at $32.63 on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42823979/canadas-pm-justin-trudeau-steps-down-amid-internal-conflict-and-tension-over-trump-tariffs" target="_blank" rel="noreferrer noopener">Justin Trudeau Will Step Down As Canada Faces Tension Over Trump Tariffs</a></li>
</ul>
Image via Shutterstock.

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News

Guidance

Canadian Natural Resources Sets $4.2 Billion Budget For 2025, Targets 12% Production Growth

Gartner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) has outperformed the market over the past 10 years by 8.26% on an annualized basis producing an average annual return of 19.63%. Currently, Gartner has a market capitalization of $38.22 billion. 
Buying $1000 In IT: If an investor had bought $1000 of IT stock 10 years ago, it would be worth $5,949.09 today based on a price of $495.44 for IT at the time of writing.
<h3>Gartner's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736431208_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

B of A Securities analyst Craig Bijou upgrades Globus Medical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMED#NYSE">GMED</a>) from Underperform to Neutral and raises the price target from $80 to $97.

Upgrades

Price Target

Analyst Ratings

GMED

B of A Securities Upgrades Globus Medical to Neutral, Raises Price Target to $97

Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) could soon avail <a target="_blank" href="https://www.benzinga.com/topic/chipmakers" rel="noreferrer noopener">2-nm chip samples</a> from Japan&#8217;s Rapidus starting in&nbsp;June.
The development marks the Japanese chipmaker&#8217;s efforts to emulate key contract chipmaker Taiwan&nbsp;Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) strategy, which catapulted it into the trillion-dollar market cap, Nikkei Asia <a target="_blank" href="https://asia.nikkei.com/Business/Tech/Semiconductors/Rapidus-aims-to-supply-cutting-edge-2-nm-chip-samples-to-Broadcom" rel="noreferrer noopener">reports</a>.
<a target="_blank" href="https://www.benzinga.com/government/22/12/30054231/rapidus-eyes-big-investment-to-boost-japans-chip-trajectory-collaborates-with-ibm-to-commercialize-2" rel="noreferrer noopener">Prior reports indicated</a> that International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) and Rapidus are co-developing IBM&#8217;s 2-nm node technology for&nbsp;implementation at Rapidus&#8217; fab in Japan.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42825654/rivians-strong-deliveries-r2-line-plans-and-vw-jv-expansion-drive-analyst-optimism" rel="noreferrer noopener">Rivian&#8217;s Strong Deliveries, R2 Line Plans And VW JV Expansion Drive Analyst Optimism</a>
Rapidus is backed by&nbsp;Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>),&nbsp;Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), and six other Japanese companies
Lately, countries including the U.S., Europe, Japan, and others have focused on consolidating their semiconductor base to reduce dependence on China after the 2020 pandemic disrupted global supply chains, triggering a severe semiconductor chip crisis.
Over the <a target="_blank" href="https://www.benzinga.com/news/24/07/39926002/after-donald-trumps-recent-taiwan-statement-sent-shockwaves-japans-pm-kishida-reveals-new-bill-to-bo" rel="noreferrer noopener">past three years</a>, Japan committed ~¥4 trillion ($26 billion) to boost its semiconductor sectors. Up to ¥920 billion of the subsidy went to Rapidus to help produce advanced chips.
Taiwan Semiconductor already has a 2-nm wafer plant in Baoshan, Hsinchu County, scheduled for <a target="_blank" href="https://www.benzinga.com/24/12/42721526/taiwan-semiconductors-kaohsiung-expansion-to-boost-jobs-and-2-nm-chip-production" rel="noreferrer noopener">mass production in 2025</a>.
Taiwan Semiconductor Chair C.C. Wei had highlighted interest in its 2-nm process, which prompted it to ramp up production capacity.
Taiwan Semiconductor&#8217;s additional facilities in Kaohsiung&nbsp;will likely start <a target="_blank" href="https://www.benzinga.com/24/11/42241689/taiwan-semiconductors-advanced-2nm-chips-to-hit-us-market-by-2028" rel="noreferrer noopener">2-nm production in 2026</a>. It is constructing two advanced fabs in Arizona, with plans to commercialize chips using 3-nm and 2-nm processes in 2028.
Meanwhile, Broadcom, which emerged as the most valuable chip company after Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), is set for a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40505439/broadcom-secures-major-wins-with-openai-google-meta-as-it-targets-150b-ai-market" rel="noreferrer noopener">$150 billion AI opportunity</a> per JPMorgan&#8217;s Harlan Sur.
This opportunity is backed by its 2-nm and 3-nm technology and strong partnerships with 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>) Google, and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). Broadcom bagged multi-generational AI ASIC programs with OpenAI and a fifth major customer, all set for a 2026 ramp-up.
Wedbush&#8217;s Dan Ives <a target="_blank" href="https://www.benzinga.com/25/01/42813592/ai-chip-stocks-nvidia-broadcom-amd-taiwan-semi-micron-super-micro-surge-on-monday-whats-going-on" rel="noreferrer noopener">expects tech stocks</a> to gain 25% in 2025, backed by President-elect&nbsp;Donald Trump&#8217;s policies and Big Tech spending.
Investors can gain exposure to semiconductor stocks through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: AVGO stock closed at $228.64 on Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/25/01/42793394/nvidias-2-trillion-ai-rally-fueled-by-chips-startups-and-robotics" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s $2 Trillion AI Rally In 2024 Fueled by Chips, Startups, and Robotics</a></li>
</ul>
Photo via Shutterstock

Asia

Government

Regulations

Tech

Media

AVGO

GOOG

GOOGL

NVDA

Sony Group Corporation American Depositary Shares

SONY

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Japanese Chipmaker Rapidus Sets Sight on Broadcom to Emulate Taiwan Semiconductor's Market Dominance

Recession fears for 2025 are fading fast, with market models and economist forecasts signaling a slim chance of economic contraction. But with optimism running high, could markets <a href="https://www.benzinga.com/news/econ-s">be misreading the risks?</a>
According to the New York Fed's recession model, there is a 29% probability that the U.S. will enter a recession by the end of 2025. This is a dramatic decline compared to the elevated probabilities seen during the Federal Reserve's aggressive monetary tightening in 2022 and 2023. 
In June 2023, the New York Fed&#8217;s model — which calculates recession probabilities based on the yield spread between 10-year Treasury bonds and three-month bills — estimated a 70% chance of a recession within a year, marking the <a href="https://www.benzinga.com/economics/macro-economic-events/23/06/32719092/us-economy-alarmed-new-york-fed-indicates-highest-likelihood-of-recession-in-over">highest level since 1982. </a>
Notably, recession odds have tumbled since early November 2024. Kalshi betting markets showed a sharp drop from over 50% to just 23% following Donald Trump&#8216;s election victory.
Recession odds have been tumbling because investors expect a strong boost to economic growth under Trump&#8217;s incoming administration. Expectations are centered around fresh tax cuts for individuals and corporations, as well as pro-business policies that could fuel spending and investment.
<iframe loading="lazy" style="border: 0;" src="https://kalshi.com/external-widgets/events/RECSSNBER-25/markets/RECSSNBER-25?color_scheme=light&amp;widget_size=large&amp;utm_campaign=benzingawidget" width="552px" height="400px"></iframe>
<h3 class="wp-block-heading">Growth Data Defies Expectations</h3>
The U.S. economy has displayed remarkable resilience in the face of high interest rates and persistent inflation. GDP growth in 2024 significantly outpaced other advanced economies, fueled by robust consumer spending.
The third quarter of 2024 saw an annualized GDP growth of 3.1%, revised up from 2.8%. This marked the strongest quarterly performance of the year. Personal spending increased at its fastest pace since the first quarter of 2023, growing 3.7%.
Meanwhile, the Atlanta Fed's GDPNow model estimates a 2.7% growth rate for the fourth quarter. That figure has been revised higher as of Jan. 7.
Oxford Economics also puts the probability of a recession at its lowest level in over two years. That&#8217;s due to a surge in leading indicators that suggest strong momentum heading into 2025.
<h3 class="wp-block-heading">Too Much Optimism? </h3>
However, there are signs that the optimism may be overblown. 
Capital Economics stated that Trump's anticipated tariffs and immigration restrictions could weigh on GDP growth. The firm expects these measures, if enacted by mid-2025, to push annualized GDP growth down to 1.5% while temporarily driving inflation back up to 3%.
Michael Gayed highlighted that tariffs could also lead to layoffs as companies struggle to balance rising costs. "If tariffs become a bigger thing in the new year, it's reasonable to think that companies could consider layoffs to balance out some of the additional costs, if they don't pass them entirely on to the consumer," he said.
The expert sounded the alarm over renewed inflation risks as periods of Fed easing after extended tightening cycles have triggered inflationary surges.
"The U.S. economy experienced a huge second wave of inflation back in the late 1970s after the Fed brought interest rates way down," said Gayed.
 Inflation had dropped from 11% to 4% before surging back to 14%. With major central banks globally expected to continue rate cuts in the coming quarters, a similar scenario cannot be ruled out.
<h3 class="wp-block-heading">Market Risks: Correction Ahead?</h3>
While stocks have climbed in tandem with economic strength, some experts are urging caution. 
Veteran Wall Street investor Ed Yardeni said Trump's initial flurry of executive orders—expected to include new tariffs and immigration actions—could unsettle markets.
Yardeni highlighted a possible 10% correction in the stock market, though he remained optimistic about the broader outlook.
"We can't rule out a 10% stock market correction, but we would view that as a buying opportunity rather than as a reason to panic out of the market since we don't expect a recession or a bear market. We are still targeting 7000 on the S&amp;P 500 by the end of next year," he said.
Goldman Sachs has also flagged a potential market correction risk, citing heightened uncertainty driven by reaccelerating inflation and policy shifts expected under Donald Trump&#8217;s administration, including tariffs and fiscal stimulus measures.
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</ul>
Image: Shutterstock

Analyst Color

Macro Economic Events

Econ #s

Economics

Federal Reserve

US 2025 Recession Odds Plummet: Good News Or Warning Sign?

Nucor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) short percent of float has risen 16.85% since its last report. The company recently reported that it has 5.85 million shares sold short, which is 3.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Nucor Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736430321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Nucor has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Nucor's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Nucor's peer group average for short interest as a percentage of float is 4.63%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Nucor?

UDR's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>) short percent of float has fallen 3.12% since its last report. The company recently reported that it has 4.53 million shares sold short, which is 1.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.17 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>UDR Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736430316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for UDR has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing UDR's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, UDR's peer group average for short interest as a percentage of float is 4.01%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into UDR's Recent Short Interest

Mueller Industries's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) short percent of float has risen 13.52% since its last report. The company recently reported that it has 3.89 million shares sold short, which is 4.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.69 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mueller Industries Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736430311_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mueller Industries has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Mueller Industries's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mueller Industries's peer group average for short interest as a percentage of float is 2.94%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Mueller Industries's Recent Short Interest

<ul>
<li>VertexOne has been a Runway portfolio company since December 2021 and is a leading provider of vertical market software solutions for electric, gas, and water utilities.</li>
<li>The capital will enable VertexOne to refinance existing obligations, acquire Accelerated Innovations for $32.5 million, and invest in platform enhancements to deliver transformative customer engagement solutions.</li>
<li>As part of the financing, Greg Greifeld will join VertexOne's Board of Directors.</li>
</ul>

General

RWAY

Runway Growth Capital And BC Partners Credit Announced $131M Financing Commitment To VertexOne

After President-elect Donald Trump <a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it">proposed</a> the Gulf of Mexico be renamed the "Gulf of America," noting that "It has a beautiful ring," Mexican President Claudia Sheinbaum responded with her own territorial renaming suggestion.
Pointing to a large map of North America from 1607 that labeled the continent "Mexican America," Sheinbaum cheerfully suggested going back to the name.
"Why don't we call it Mexican America?" she told reporters Wednesday in Mexico City. "It sounds pretty, no?"
<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">&#x1f5e3;&#xFE0F; La presidenta Claudia Sheinbaum, sin esperar a ser cuestionada por la prensa, ha propuesto nombrar nuevamente esa geografía conjunta como ‘América mexicana': "¿Por qué no le llamamos ‘América mexicana'? Se oye bonito, ¿no?&quot; <a href="https://t.co/N7Uwgor5L3">https://t.co/N7Uwgor5L3</a>
&mdash; EL PAÍS México (@elpaismexico) <a href="https://twitter.com/elpaismexico/status/1877057954144276989?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Sheinbaum, however, did not take kindly to Trump's remark that Mexico is "essentially run by the cartels."
"They misinformed him," she said. "In Mexico, the people rule." 
Sheinbaum told reporters she nevertheless felt certain that Mexico was going to have good relations with Trump.
"And we are going to collaborate and understand each other with the government of President Trump. I am sure of it&#8230;defending our sovereignty as a free, independent, and sovereign country."
<h2 class="wp-block-heading">Not The First Go Round For Trump Vs. Sheinbaum</h2>
Trump butted heads with Sheinbaum, a Nobel Prize-winning climate scientist, practically since she was <a href="https://www.benzinga.com/markets/cannabis/24/06/39140057/mexicos-first-female-president-faces-persistent-challenges-drug-cartels-border-issues-repairing-">elected by a landslide</a> in October 2024. Their initial conflict began when Trump <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">announced in late November</a> that he was intending to impose 25% tariffs on Mexican imports. Sheinbaum responded that Mexico would do the same if the tariffs went into effect.
Addressing the U.S.'s fentanyl crisis during that same period, Trump essentially laid the blame on Mexico. Again, Sheinbaum begged to differ.
"<a href="https://www.benzinga.com/markets/cannabis/24/11/42225423/mexico-president-claudia-sheinbaum-to-trump-neither-threats-nor-tariffs-will-solve-your-fentanyl-crisis">Neither threats nor tariffs</a> will solve the migration or the drug abuse phenomenon in the US," she <a href="https://x.com/Claudiashein/status/1861558804652999130" target="_blank" rel="noreferrer noopener">said</a> at the time. She called for collaborative solutions to mitigate the escalating drug crisis.
Trump has also indicated he would deport all undocumented individuals to Mexico regardless of where they originally came from. Sheinbaum initially pushed back on that plan though she <a href="https://www.univision.com/noticias/inmigracion/mexico-abre-la-posibilidad-de-recibir-a-migrantes-no-mexicanos-que-deporte-donald-trump">told Univision</a> recently that Mexico will accept deportees but with conditions, which include the right to limit people of certain nationalities. She added that Mexico may also request compensation.
Meanwhile, other countries that have found themselves the target of Trump's territorial machinations are not as good-humored as Sheinbaum. The President-elect's refusal to rule out using military force to retake <a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it" target="_blank" rel="noreferrer noopener">the Panama Canal</a> and to get his hands firmly on <a href="https://www.benzinga.com/news/global/25/01/42857403/trump-sends-don-jr-on-mission-to-get-the-deal-done-and-make-greenland-part-of-our-nation">Greenland</a> has upset leaders as well as residents in both places. Then, of course, there's Canada but surely the president-elect was jesting when he suggested it be named the 51st state.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/global/25/01/42864556/trump-does-not-rule-out-military-force-to-acquire-panama-canal-greenland-we-need-them-for-economic-security">Trump Does Not Rule Out Military Force To Acquire Panama Canal, Greenland: &#8216;We Need Them For Economic Security&#8217;</a></li>
</ul>
Photo: Shutterstock

Cannabis

Politics

Trump And Mexican President Sheinbaum's Spirited Clash Over Territorial Renaming, Tariffs And Cartels

Just a few days ago, markets were encouraged by the <a href="https://www.benzinga.com/25/01/42789867/chinese-stocks-end-2024-in-green-after-a-3-year-retreat-franklin-ftse-china-etf-ishares-msci-china-etf-and-more-i">rebound in Chinese stocks</a> in 2024, after a three-year losing streak. However, a cloud of uncertainty looms over Chinese stocks and ETFs with exposure to them.
The Biden administration's call to blacklist two more Chinese tech giants—Tencent Holdings and Contemporary Amperex Technology (CATL)—has sent shockwaves through global markets, as investors anticipate its impact on the already precarious <a href="https://www.benzinga.com/topic/china">U.S.-China economic ties</a>.
Tencent, the world's largest gaming publisher, and CATL saw their shares plunge on Jan. 6.
Also Read: <a href="https://www.benzinga.com/news/legal/25/01/42865752/tesla-supplier-catl-riot-games-owner-tencent-plan-legal-action-over-pentagon-blacklist-deny-military-ties">Tesla Supplier CATL, Riot Games Owner Tencent Plan Legal Action Over Pentagon Blacklist, Deny Military Ties</a>
Notable ETFs feeling the heat of being on high alert include iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>), which allocates the biggest chunk of its holdings (15.40%) to Tencent. The net asset value inched down 1% on Jan. 7.
SPDR S&amp;P China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXC#NYSE">GXC</a>): Known for its diversified holdings, this fund also allocates 11.42%, its largest for a single security, to Tencent. Other major Chinese firms like Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Meituan also hold key spots in the portfolio.
Invesco China Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>), which dedicates 100% of its assets to Chinese technology stocks, is particularly sensitive to geopolitical developments. Moreover, Tencent takes up 10.76% of the total assets.
Additionally, ETFs with heavy exposure to Tesla stock, like the Simplify Volt TSLA Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TESL#NYSE">TESL</a>) has also come in the line of fire, as CATL is a key battery supplier to the EV maker.
The move to add Tencent and CATL to a growing roster of &#8220;Chinese military companies&#8221; was part of the U.S.'s counteractive effort to China's military and industrial ambitions. While the designation doesn&#8217;t impose immediate sanctions, it discourages U.S. firms from doing business with these entities, <a href="https://www.bloomberg.com/news/articles/2025-01-07/us-blacklist-of-china-s-tech-giants-risks-even-faster-decoupling?srnd=homepage-asia&amp;sref=TBDibEcD">notes </a>Bloomberg, a sentiment that trickles down into investor psyche as well.
The blacklist now includes 134 Chinese companies, four of which happen to be China's top 20 by market capitalization, collectively valued at nearly $1 trillion.
ETF investors are now closely watching developments as funds with direct or indirect exposure to Chinese companies may face increased volatility.
See Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/01/42883477/amplify-to-liquidate-cannabis-focused-mjus-etf-as-regulatory-uncertainty-weighs-on-sector">Amplify To Liquidate Cannabis-Focused MJUS ETF As Regulatory Uncertainty Weighs On Sector</a></li>
</ul>
Photo: Shutterstock

Sector ETFs

ETFs

ASHS

BABA

CQQQ

MCHI

TESL

China-Focused ETFs Face Uncertainty As US Blacklists Tencent, CATL

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) is seeing a disparity between bearish short-term price action and bullish social media sentiment driven rising social activity and increased accumulation by large holders.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.3267</td>
<td>$48.9 billion</td>
<td>-6%</td>
<td>-3%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00002121</td>
<td>$12.5 billion</td>
<td>-4.4%</td>
<td>-7.7%</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>$0.000017</td>
<td>$7.4 billion</td>
<td>-4.2%</td>
<td>-17.2%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Trader Tardigrade compared Dogecoin's current price pattern to its previous market cycle, highlighting the formation of a parallel channel suggesting a bullish outlook. 
He set price targets of $2 for the 2025 cycle and $8 for 2028, advising long-term holding for substantial gains.
<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"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is REPLICATING its previous cycle &#x1f525; The same parallel lines (Channel) has been identified. This is no coincidence. $2 is a reasonable target for the 2025 cycle, and $8 for the 2028 cycle &#x1f680; Hodl your <a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a> &#x1f48e; <a href="https://t.co/ii0FzyL3BB">pic.twitter.com/ii0FzyL3BB</a>
&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1877271707599384587?ref_src=twsrc%5Etfw">January 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In another <a href="https://x.com/TATrader_Alan/status/1876900909638365218">tweet</a> on Jan. 8, he said this is not the time to short or sell DOGE, as it is retesting the apex of the Ascending Triangle.
Rose Premium Signals <a href="https://x.com/VipRoseTr/status/1877072503358529986">echoed</a> the sentiment, noting a strong bullish structure in Dogecoin's macro charts. 
Accumulation near key support zones aligns with long-term Fibonacci levels, supporting a potential 3x rally this cycle to approximately $0.56943.
Statistics: Coinglass data shows $18.8 million in Dogecoin liquidations over the past 24 hours, including $12.3 million in long positions. 
According to Bitinfocharts, addresses holding 1 billion to 10 billion DOGE have increased from 13 to 17 in recent weeks. 
Between Dec. 1, 2024, and Jan. 9, these addresses grew their holdings from 28.4 billion DOGE to 45.6 billion DOGE.
CryptoDep <a href="https://x.com/Crypto_Dep/status/1877290612996677809">data</a> places Dogecoin at the top of the meme token leaderboard, with 28.500 posts, 6.9 million interactions and 2.9% social dominance.
Community News: Dogecoin founder Billy Markus, pseudonymously known as Shibetoshi Nakamoto, highlighted DOGE's surprising appearance in Senator Joni Ernst's (R-Iowa) speech. 
She referenced DOGE in her address on the newly established Department of Government Efficiency, emphasizing its symbolic importance and <a href="https://x.com/BillyM2k/status/1877269900294558051">stating</a>, "Doge is inevitable."
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/25/01/42886937/elon-musk-foresees-drop-in-bitcoin-dogecoin-prices-if-dollar-inflation-solved-what-matters-is-the-ra">Elon Musk Foresees Drop In Bitcoin, Dogecoin Prices If Dollar Inflation Solved: &#8216;What Matters Is The Ratio…&#8217;</a></li>
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Image: Shutterstock

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

Cryptocurrency

$DOGE

$PEPE

$SHIB

Dogecoin Plummets Another 6% But Traders Remain Upbeat: Why?

The stock market is closed on Thursday, Jan. 9, 2025 for a National Day of Mourning to honor former President Jimmy Carter whose state funeral will be held at Washington National Cathedral <a href="https://www.benzinga.com/24/12/42725647/markets-will-close-for-president-jimmy-carters-state-funeral-what-you-need-to-know">at 10 a.m. ET.&nbsp;</a>
The Details: The New York Stock Exchange, owned by Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), and the Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) have suspended trading in equities and options on Thursday and will resume regular trading hours on Friday.&nbsp;
Lynn Martin, president of NYSE Group, praised Carter's humble roots and life of public service <a href="https://www.benzinga.com/markets/24/12/42717748/will-markets-be-closed-for-former-president-jimmy-carters-funeral-heres-what-investors-should-know">in a statement</a> announcing the closure of the markets.
&#8220;During his noteworthy post-presidential life, President Carter left an enduring legacy of humanitarianism. The NYSE will respectfully honor President Carter&#8217;s lifetime of service to our nation by closing our markets on the National Day of Mourning,&#8221; Martin said.&nbsp;
Read More: <a href="https://www.benzinga.com/25/01/42768507/china-slaps-export-restrictions-on-dozens-of-us-companies-boeing-lockheed-martin-general-dynamics-raytheon-affected">China&#8217;s Export Crackdown Hits Boeing, Lockheed Martin And More&nbsp;</a>
Tal Cohen, president of Nasdaq, also released <a href="https://www.benzinga.com/pressreleases/24/12/g42723458/nasdaq-announces-the-closure-of-its-u-s-markets-in-honor-of-a-national-day-of-mourning-for-former-">a statement </a>announcing the closure of all Nasdaq markets.&nbsp;
&#8220;President Carter was an exemplary leader, one who tirelessly continued his efforts to improve the human condition even after his tenure in public office was complete. His contributions will be felt by those around the world for years to come. On behalf of Nasdaq, we extend our deepest condolences to the Carter Family,&#8221; Cohen said.&nbsp;
Cohen <a href="https://www.npr.org/2025/01/09/nx-s1-5251459/u-s-stock-markets-close-mourning-former-president-jimmy-carter">told</a> NPR the financial industry came together to honor Carter's legacy of service.&nbsp;
&#8220;It was a large undertaking,&#8221; Cohen said. &#8220;But we thought it was worth the effort.&#8221;
Thursday's market closures continue a Wall Street tradition dating back to 1865 of closing markets in order to honor deceased presidents. The most recent closure was in 2018 following the death of former President George H.W. Bush.&nbsp;
Read Next:
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<li><a href="https://www.benzinga.com/general/biotech/25/01/42854890/us-records-first-human-bird-flu-death-high-levels-of-respiratory-illnesses-vaccine-stocks-rally">US Records First Human Bird Flu Death, High Levels Of Respiratory Illnesses: Vaccine Stocks Rally </a></li>
</ul>
Photo: Shutterstock

Options

Markets

NDAQ

Is The Stock Market Closed For Jimmy Carter's State Funeral?

Costco Wholesale Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) reaffirmed its retail dominance, reporting an <a href="https://www.benzinga.com/news/retail-sales/25/01/42888095/costco-stock-climbs-after-december-net-sales-up-99-year-over-year" target="_blank" rel="noreferrer noopener">impressive 9.8% growth</a> in December U.S. core sales. 
This result exceeded Wall Street&#8217;s 5.2% estimate and topped JPMorgan&#8217;s optimistic 6.7% forecast.
JPMorgan analyst Christopher Horvers credited Costco's results to "market share gains, a shorter season, and a bit better consumer" working in tandem.
E-commerce surged 35.7% year-over-year, partly thanks to Black Friday sales booked in December due to a holiday calendar shift.
Meanwhile, international operations weren't far behind, with core comps climbing 10.3% in Canada and 9.8% across other regions. "No other major retailer has succeeded in every country it entered," Horvers noted, underscoring Costco's unmatched global consistency.
Read Also: <a href="https://www.benzinga.com/insights/news/25/01/42799081/heres-how-much-1000-invested-in-costco-wholesale-10-years-ago-would-be-worth-today">Here&#8217;s How Much $1000 Invested In Costco Wholesale 10 Years Ago Would Be Worth Today</a>
<h2 class="wp-block-heading">High-Income Costco Customers</h2>
While the shorter holiday season helped December's numbers, JPMorgan's Horvers pointed to a broader trend: improving consumer spending among higher-income shoppers. 
"We believe this indicates improvement in the consumer spending backdrop, particularly the upper-middle class and higher-income consumer," he said, highlighting Costco's ability to attract these coveted segments.
Costco's diverse product offerings also played a major role. Fresh foods like meat and produce were up high single digits, while non-food categories—led by jewelry, toys, and gift cards—jumped to the high teens.
Ancillary services like pharmacy and optical rebounded, benefiting from a holiday lift, and even electronics like TVs saw sequential improvement.
<h2 class="wp-block-heading">2025 &amp; Beyond: $1,065 In Sight</h2>
Looking ahead, Horvers remains optimistic, maintaining an Overweight rating on the stock, though he adjusted the price target slightly to $1,065. 
Costco's unique ability to grow "across its box and geographies," coupled with its emerging advertising revenue stream, makes it a standout in retail. "The COST fundamental story challenges all of the best companies," Horvers emphasized.
For investors, Costco's momentum appears unstoppable. In a world where growth is hard to come by, Horvers said it best: "Aside from AMZN, no scaled retailer is growing at this pace." 
The retail king is poised to stay on its throne, and for shareholders, the journey to $1,065 looks well within reach.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42893264/charlie-mungers-top-pick-costco-reports-strong-december-sales-analysts-expect-a-7-jump-in-january">Charlie Munger&#8217;s Top Pick Costco Reports Strong December Sales: Analysts Expect A 7% Jump In January</a></li>
</ul>
Image: Shutterstock

Long Ideas

COST

Costco Powers Past Wall Street Expectations, Boasts Double-Digit E-Commerce Gains

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETFs approach their first anniversary of trading on U.S. exchanges, the journey so far has been as volatile as <a href="https://www.benzinga.com/crypto">the crypto market</a> itself. 
From their explosive debut in January 2024 to recent market fluctuations, these funds have kept investors guessing.
<h2 class="wp-block-heading">Bitcoin ETFs&#8217; Turbocharged Debut</h2>
The Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) and iShares Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NYSE">IBIT</a>) were among the first Bitcoin ETFs to hit U.S. exchanges on Jan. 11, 2024. On their inaugural day, tens of millions of shares changed hands, with combined trading <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36614184/bitcoin-etfs-roar-onto-wall-street-on-day-1-but-questions-linger-about-new-money">volumes soaring into the billions</a>.
Despite the buzz, the funds showcased Bitcoin's infamous volatility. GBTC closed up a modest 0.5%, while IBIT fell over 4% after an early rally on debut day.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42885350/bitcoin-ethereum-dogecoin-lower-corrections-are-typically-short-lived-trader-prefers-not-going-to-89000-to-90000">Bitcoin, Ethereum, Dogecoin Lower &#8216;Corrections Are Typically Short-Lived,&#8217; Trader Prefers Not Going To $89,000 To $90,000</a>
<h2 class="wp-block-heading">A Year Later: Mixed Signals</h2>
Fast forward to today, and both ETFs have posted jaw-dropping annual returns—GBTC up 90.97% and IBIT up 100.30%—yet their short-term movements tell a different story.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010925&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="627" height="489" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09073804/Screenshot-2025-01-09-at-6.07.19-PM.png" alt="" class="wp-image-725948" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09073804/Screenshot-2025-01-09-at-6.07.19-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09073804/Screenshot-2025-01-09-at-6.07.19-PM-300x234.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010925&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
<ul>
<li>Grayscale Bitcoin Trust (GBTC): Trading at $74.48, GBTC is below its eight-day simple moving average, signaling short-term bearishness. However, long-term indicators like its 20-day, 50-day and 200-day SMAs, all suggest bullish momentum driving the ETF.</li>
<li>iShares Bitcoin Trust (IBIT): At $53.34, IBIT mirrors GBTC's pattern— with its short-term signal being bearish, but a bullish outlook on longer-term averages.</li>
</ul>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010925&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="627" height="489" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09073815/Screenshot-2025-01-09-at-6.07.51-PM.png" alt="" class="wp-image-725950" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09073815/Screenshot-2025-01-09-at-6.07.51-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09073815/Screenshot-2025-01-09-at-6.07.51-PM-300x234.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010925&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The funds' trends are "moderately bearish," with slight selling pressure, reflecting broader uncertainty in the crypto market.
<h2 class="wp-block-heading">Bitcoin's Rocky Road</h2>
The performance of these ETFs isn't happening in a vacuum. Bitcoin itself has seen a recent pullback after its strong 2024 rally, with Unity Wallet COO James Toledano offering key insights:
"Bitcoin's sudden decline likely reflects a combination of macroeconomic and market-specific pressures. Concerns over slower-than-anticipated Fed rate cuts and robust U.S. economic data are weighing on speculative assets," Toledano said in an emailed statement.
He also pointed to profit-taking following Bitcoin's 2024 surge, largely fueled by optimism surrounding Donald Trump's pro-crypto stance.
"Now everyone is holding their breath for Trump's inauguration on Jan. 20. The expectation is that crypto will surge again—this is very much the downturn before the storm," Toledano added.
<h2 class="wp-block-heading">The Road Ahead</h2>
As Bitcoin ETFs enter their second year, investor focus will likely shift to policy changes and market dynamics under Trump's administration. With Bitcoin's volatility showing no signs of fading, these ETFs remain a high-stakes bet for risk-tolerant traders.
From day one fireworks to today's mixed signals, Bitcoin ETFs have proven one thing: they're not for the faint of heart. 
Will 2025 bring more bullish momentum, or is this just the calm before the next crypto storm? Investors will find out soon enough.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42884120/is-the-bitcoin-top-in-75-chance-says-prominent-trader-but-theres-a-caveat">Is The Bitcoin Top In? 75% Chance, Says Prominent Trader, But There&#8217;s A Caveat</a></li>
</ul>
Photo: Shutterstock

Technicals

$BTC

GBTC

IBIT

Bitcoin ETFs' First Year Delivers Massive Returns As 2025 Brings Questions

Raymond James analyst Patrick O'Shaughnessy maintains Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) with a Outperform and raises the price target from $83 to $84.

Raymond James Maintains Outperform on Nasdaq, Raises Price Target to $84

The Notes will have an anticipated repayment date in April 2030. The Notes will be secured by certain fiber network assets and related customer contracts in the State of Florida and the Gulf Coast region of Louisiana, Mississippi and Alabama.

UNIT

Uniti Group Announced That Uniti Fiber ABS Issuer And Uniti Fiber TRS Issuer, Limited-purpose, Bankruptcy Remote Subsidiaries Of Uniti, Have Commenced An Offering Of $589M Secured Fiber Network Revenue Term Notes

Raymond James analyst John Ransom downgrades Accolade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) from Outperform to Market Perform.

Downgrades

ACCD

Raymond James Downgrades Accolade to Market Perform

The new facility increases the borrowing capacity under IRT's existing revolver from $500 million to $750 million and extends the maturity date of the revolver from January 2026 to January 2029. As of closing, the amount outstanding under the revolver was $214 million. Proceeds from the expanded revolver will be used for general corporate purposes.&nbsp;

Independence Realty Trust's Operating Partnership, Independence Realty Operating Partnership, Entered Into An Amended And Restated Unsecured Credit Facility

Amentum will leverage proven technologies for smart asset management and a customized Data Management System (DMS) tailored to meet GPMS requirements. &nbsp;

Contracts

AMTM

Amentum Secures Air Forces Central Command GPMS Contract Valued At $447M

OneConnect Financial Technology GAAP EPADS of -RMB0.46, revenue of RMB692.5M

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Options Volatility and Implied Earnings Moves Today, August 16, 2024

OneConnect Financial Technology Co., Ltd. (OCFT) Q2 2024 Earnings Call Transcript

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OneConnect Financial Technology Co., Ltd. (OCFT) Q3 2024 Earnings Call Transcript

ALAB

ALTM

HELE

HUYA

KNDI

MNSO

MSGE

OCFT

TIGR

Earnings

Fintech

Press Releases

OneConnect Announces Fourth Quarter and Full Year Unaudited Financial Results

OneConnect Files Annual Report on Form 20-F

OneConnect to Announce First Quarter 2024 Financial Results

OneConnect Announces First Quarter 2024 Unaudited Financial Results

OneConnect Announces 2024 Annual General Meeting Results

OneConnect to Announce Second Quarter 2024 Financial Results

OneConnect Announces Second Quarter and First Half 2024 Unaudited Financial Results

OneConnect to Announce Third Quarter 2024 Financial Results

Insurance

OneConnect Announces Third Quarter and Nine Months Ended September 30, 2024 Unaudited Financial Results

OneConnect Announces Extraordinary General Meeting Results

ReAlpha Tech

XIAO-I Corporation - American Depositary Shares

XIAO-I

BIT Mining

BTCS

Cheetah Mobile Inc. American Depositary Shares, each representing fifty (50) Class A Ordinary Shares

Comments

OneConnect Financial Tech

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