Dernières nouvelles pour Sony Gr (NYSE:SONY) Stock

Sony Gr

Sony Group

Sony Group is a conglomerate with consumer electronics roots, which not only designs, develops, produces, and sells electronic equipment and devices, but also is engaged in content businesses, such as console and mobile games, music, and movies. Sony is a global top company of CMOS image sensors, game consoles, professional broadcasting cameras, and music publishing, and is one of the top players on digital cameras, wireless earphones, recorded music, movies, and so on. Sony's business portfolio is well diversified with six major business segments.

Sony Group Corporation American Depositary Shares

Sony Group Corp

SONY GROUP CORP by Sony Group Corporation

Needham analyst Ryan MacDonald maintains Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) with a Buy and raises the price target from $270 to $300.

News

Price Target

Analyst Ratings

VEEV

Needham Maintains Buy on Veeva Systems, Raises Price Target to $300

Needham analyst Ryan Koontz maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Buy and raises the price target from $85 to $90.

COHR

Needham Maintains Buy on Coherent, Raises Price Target to $90

Founder and CEO of SkyBridge Capital, Anthony Scaramucci, has some no-nonsense advice for young investors looking for success in an uncertain business landscape: own your flaws, consult older investors and embrace constant change.
What Happened: Speaking <a href="https://www.youtube.com/watch?v=xTPjaa_Rk9A">on</a> his podcast Open Book with Anthony Scaramucci, he said, "Own your s&#x2A;&#x2A;&#x2A; in life." "And once you&#8217;re able to own your s&#x2A;&#x2A;&#x2A; in life you can make massive improvements and it&#8217;ll help your psychological health. It&#8217;ll help your happiness and it&#8217;ll help your outlook on life."
He highlighted that this should be the "number one" priority for any individual.
Highlighting the importance of resilience, he said: "People that are in business for three, four decades, they&#8217;ve had at least eight to nine cataclysms&#8230; those bear markets steel you for staying in things and being patient." This piece of advice echoes lessons Scaramucci learnt from unknowingly holding on to <a href="https://www.benzinga.com/tech/25/04/45057119/anthony-scaramucci-once-purchased-1200-worth-of-microsoft-stock-for-his-son-in-1992-and-then-forgot-about-it-three-decades-later-it-quietly-turned-into-a-small-fortune-that-he-didn">$1,200 worth of Microsoft stock</a> from 1992, which went up to $288,000 over twenty years.
For young investors, Scaramucci recommended consulting with seasoned professionals: "Seek out older investors that have been destroyed in the markets like me over the nine cycles that I&#8217;ve gone through because it&#8217;ll help you. It&#8217;ll give you perspective and it&#8217;ll teach you patience in the markets."
See Also: <a href="https://www.benzinga.com/25/05/45661911/bitcoin-in-retirement-plans-labor-department-rescinds-biden-era-guidance-on-401k-crypto-inclusion">Bitcoin In Your 401(k)? Trump&#8217;s Labor Department Rolls Back Biden-Era Guidance On Crypto In The Employer-Sponsored Retirement Plan</a>
Why It Matters: Scaramucci stressed the value of risk-taking as a strategy for growth. "You have to embrace new technologies and you have to embrace new ideas," he said. "Your brain is incredibly neuroplastic. It definitely can evolve and reshape its thinking."
Advising young investors not to harbor a fear-based mindset, he said: "When people say the word risk sometimes they only hear downside risk… But risk also means reward. And you got to be willing to take some risk."
Scaramucci, who regularly doles out advice on his podcast, reiterated his stance on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45611404/anthony-scaramucci-remains-firm-on-bitcoin-as-the-best-investment-idea-even-as-the-largest-crypto-hovers-around-109000"> being the single best investment idea</a> earlier this week.
Price Action: At the time of writing, BTC was trading at $108034.13, up 0.19% in the last 24 hours, according to data from <a href="https://www.benzinga.com/quote/BTC-USD">Benzinga Pro</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45655675/bitcoin-ethereum-xrp-dogecoin-slide-as-vp-vance-pledges-crypto-support">Bitcoin, Ethereum, XRP, Dogecoin Slide As VP Vance Pledges Crypto Support</a></li>
</ul>
Photo courtesy: Al Teich / Shutterstock.com

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

Cryptocurrency

Personal Finance

$BTC

Anthony Scaramucci Says 'Own Your S***' Is The First Rule for Young Investors: Urges Them To Embrace Change, Take Risks And Learn From Market Veterans Like Him

TD Securities analyst Andrew Charles downgrades Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from Buy to Hold and maintains the price target from $90 to $90.

Downgrades

SBUX

TD Securities Downgrades Starbucks to Hold, Maintains Price Target to $90

Leveraging Google Cloud's agentic AI framework and Infosys Topaz, these agents are designed to transform enterprise processes

Tech

General

INFY

Infosys Announced The Launch Of Over 200 Enterprise AI Agents Powered By Infosys Topaz AI Offerings And Google Cloud's Vertex AI Platform

Needham analyst Scott Berg reiterates Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Buy and maintains $400 price target.

Reiteration

Needham Reiterates Buy on Salesforce, Maintains $400 Price Target

Shell PLC&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) Shell Nigeria Exploration inked a deal with TotalEnergies SE&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) TotalEnergies EP Nigeria Limited involving SNEPCo acquiring TotalEnergies&#8217; 12.5% interest in the OML 118 Production Sharing Contract <a target="_blank" href="https://www.benzinga.com/topic/equities" rel="noreferrer noopener">(OML 118 PSC) for</a><a target="_blank" href="https://www.benzinga.com/topic/equities" rel="noreferrer noopener"> </a><a target="_blank" href="https://www.benzinga.com/topic/equities" rel="noreferrer noopener">$510 million</a>.
Once completed, this transaction will increase Shell&#8217;s ownership in the OML 118 PSC from 55% <a target="_blank" href="https://totalenergies.com/news/press-releases/nigeria-totalenergies-divests-its-non-operated-interest-bonga-field" rel="noreferrer noopener">to</a> 67.5%.
This targeted investment aligns with Shell&#8217;s goal of growing its combined Integrated Gas and Upstream total production by 1% per year to 2030 and sustaining its 1.4 million barrels per day of liquids production, the company said.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45207503" rel="noreferrer noopener">Shell Chemical Division Sale To Improve Bottom Line: Analyst</a>
The Bonga field itself is a deep-water development situated in OML 118, with water depths exceeding 1,000 meters.
Bonga North is estimated to hold over 300 million barrels of oil equivalent in recoverable resources and is projected to reach a peak production of 110,000 barrels of oil per day, with initial oil expected by the end of the current decade.
Production at Bonga began in 2005, initially capable of producing 225,000 barrels of oil per day. Notably, the Bonga field produced its one-billionth barrel of crude oil in 2023.
This acquisition represents a significant investment in Nigeria&#8217;s deep-water sector, contributing to sustained liquids production and growth in Shell&#8217;s Upstream portfolio. Peter Costello, Shell's President, Upstream, stated that the acquisition &#8220;brings another significant investment in Nigeria deep-water that contributes to sustained liquids production and growth in our Upstream portfolio."
For TotalEnergies, the sale is part of the company&#8217;s strategy to high-grade its Upstream portfolio, focusing on assets with low technical costs and low emissions, and aiming to lower its cash breakeven. Nicolas Terraz, President Exploration &amp; Production at TotalEnergies, noted that in Nigeria, the company is shifting its focus to its operated gas and offshore oil assets, including the progression of the Ubeta project to sustain gas supply to Nigeria LNG.
The deal is pending regulatory approvals and other closing conditions, with completion anticipated by the end of this year.
Investors can gain exposure to Shell via Precidian ETFs Trust Shell plc ADRhedged (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEH#NYSE">SHEH</a>) and&nbsp;Abacus FCF Real Assets Leaders ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ABLD#BATS">ABLD</a>).
Price Action: SHEL shares are trading higher by 0.89% to $66.63 premarket at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45168189/shells-q1-profit-surges-52-announces-35-billion-buyback-more" target="_blank" rel="noreferrer noopener">Shell Q1 Profit Jumps 52%, Launches $3.5 Billion Stock Buyback</a></li>
</ul>
Photo by FotograFFF via Shutterstock

Equities

Large Cap

Movers

ABLD

AstraZeneca PLC ADRhedged Shell plc ADRhedged

SHEH

SHEL

Shell Boosts Nigerian Deepwater Assets With TotalEnergies Stake Purchase

Ascendiant Capital analyst Edward Woo maintains Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) with a Buy and lowers the price target from $26 to $24.

BNZI

Ascendiant Capital Maintains Buy on Banzai International, Lowers Price Target to $24

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) narrows FY2025 GAAP EPS guidance from $1.49-$1.63 to $1.49-$1.59 vs $1.54 analyst estimate..

Guidance

Hormel Foods Narrows FY2025 GAAP EPS Guidance from $1.49-$1.63 to $1.49-$1.59 vs $1.54 Est; Company Reaffirms Outlook Of YoY T&M Benefits In The Range Of $100M-$150M

U.S. stock futures jumped on Thursday after ending lower on Wednesday. Futures of major benchmark indices rose over 1% in premarket.
A federal court has<a href="https://www.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report"> invalidated global tariffs</a> enacted by President Donald Trump under the International Emergency Economic Powers Act, a move that could reshape future U.S. trade policy. 
The U.S. Court of International Trade&#8217;s decision challenged the extensive tariff authority previously wielded by the Trump administration and may impact ongoing trade strategies.
A three-judge panel, with appointees from the Reagan, Obama, and Trump eras, ruled that the IEEPA doesn&#8217;t give the president unlimited power to impose tariffs.
The Trump administration filed an appeal against the ruling in minutes, according to a Reuters report.
Meanwhile, the 10-year Treasury bond yielded 4.52% and the two-year bond was at 4.03%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 97.7% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.54%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.95%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.92%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, jumped in premarket on Thursday. The SPY was up 1.51% to $596.62, while the QQQ advanced 1.96% to $529.09, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks closed lower on Wednesday, with the Dow Jones dropping over 200 points, as rising Treasury yields countered Tuesday&#8217;s trade optimism.
All S&amp;P 500 sectors ended in the red, with utilities, materials, and energy stocks experiencing the most significant declines.
In retail, Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) adjusted its annual forecast downward, citing impacts from tariffs, a slight dip in consumer discretionary spending, and an intensified promotional environment.
Conversely, Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) delivered stronger-than-expected first-quarter earnings. Economic data showed the composite manufacturing index in the U.S. Fifth District improving to -9 in May from -13 in April.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.51%</td>
<td>19,100.94</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.56%</td>
<td>5,888.55</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.58%</td>
<td>42,098.70</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.08%</td>
<td>2,067.80</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
After the Federal Court struck down Trump&#8217;s tariffs, Craig Shapiro, a macro strategist at the Bear Traps Report, said that &#8220;Without tariff revenues, there is a big beautiful hole in the big beautiful budget bill.&#8221;
This implied the administration&#8217;s promise to fund the deficit created by the tax bill through tariff revenue and the Department of Government Efficiency savings.
Shapiro&#8217;s post highlights a budget crisis that could be triggered by the removal of tariff revenue.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Without tariff revenues, there is a big beautiful hole in the big beautiful budget bill Are the bond vigilantes with us in the room?
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1927891799596523725?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Bob Elliott, CIO at Unlimited Funds, highlighted an <a href="https://www.benzinga.com/general/market-summary/25/05/45641879/stock-market-is-pricing-a-never-before-seen-divergence-as-equities-and-bonds-run-it-hot-amid-gloomy-outlook-by-bottom-up-analysts">unprecedented "divergence"</a> which he has "never seen" in his professional career outside of typical cyclical bottoms. 
According to him, despite the seemingly extreme market optimism, the perspective from professionals analyzing data from the ground up painted a far more subdued picture.
He explained that aggressive market pricing stands in stark contrast to the pessimistic views held by bottom-up analysts, companies, and economists.
Elliott highlighted in an X thread that corporate earnings revisions for U.S. large-cap companies have notably collapsed, reaching their weakest point since the COVID-19 pandemic. Global earnings revisions also remain quite subdued, despite a marginal recent uptick in negativity.
Projections for 2025 earnings growth, which are typically skewed positively until just before the period, are currently penciled in at a mere 7%.
<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">Stock and bond markets are all in on the &quot;run it hot&quot; trade. But this market pricing is in sharp contrast to the bottoms up view of companies, analysts, and economists all of which remain quite pessimistic. Thread.
&mdash; Bob Elliott (@BobEUnlimited) <a href="https://twitter.com/BobEUnlimited/status/1927666792022884672?ref_src=twsrc%5Etfw">May 28, 2025</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/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul class="wp-block-list">
<li>The initial jobless claims for the week ending May 24 and the first quarter revised GDP data will be out by 8:30 a.m. ET.</li>
<li>Richmond Fed President Tom Barkin will speak at 8:30 a.m. ET.</li>
<li>Pending home sales data for April will be released by 10:00 a.m. ET.</li>
<li>Chicago Fed President Austan Goolsbee will speak at 10:40 a.m., Fed Governor Adriana Kugler will speak at 2:00 p.m., San Francisco Fed President Mary Daly will speak at 4:00 p.m., and Dallas Fed President Lorie Logan will speak at 8:45 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) jumped 5.01% in premarket on Thursday as analysts expect it to report quarterly earnings of $1.31 per share on revenue of $9.22 billion, before the opening bell.</li>
<li>Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) was 0.30% lower ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of 34 cents per share on revenue of $2.91 billion.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) was up 2.27% as analysts expect it to report quarterly earnings of 80 cents per share on revenue of $13.15 billion, after the closing bell.</li>
<li>Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) was 0.48% higher ahead of its earnings, which are supposed to be released after the closing bell. Analysts expect earnings of $4.24 per share on revenue of $63.19 billion.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged 5.10% after reporting first-quarter revenue of $44.1 billion, up 69% year-over-year and up 12% from the fourth quarter. The revenue beat a Street consensus estimate of $43.2 billion. Nvidia reported adjusted earnings of 81 cents per share in the first quarter.</li>
<li>C3.ai Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) surged 17.29% after reporting better-than-expected fourth quarter results on Wednesday.</li>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) was up 1.72% after delivering strong results and continuing to place its bets on the multitrillion-dollar opportunity arising from the digital labor revolution.</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) advanced 2.63% after a strong set of earnings and guidance. The company said that it would not hike prices despite a $50 million cost incurred because of tariffs.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.34% to hover around $62.67 per barrel.
Gold Spot US Dollar fell 0.28% to hover around $3,279.89 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.14% at the 100.0170 level.
Asian markets closed higher on Thursday as South Korea's Kospi, China&#8217;s CSI 300, India's S&amp;P BSE Sensex, Japan's Nikkei 225, Australia's ASX 200, and Hong Kong's Hang Seng indices rose. European markets were mixed in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45611941/quantum-computing-stocks-in-focus-pure-play-vs-large-caps-heres-a-look-at-the-valuations">Quantum Computing Stocks In Focus: Pure Play Vs. Large Caps &#8211; Here&#8217;s A Look At The Valuations </a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

Market Summary

Futures

Economics

Pre-Market Outlook

Markets

COST

DELL

NVDA

US Stocks Likely To Open Higher After Federal Court Blocks Trump's Tariffs: 'Without Tariff Revenues, There Is A Big Beautiful Hole In The Big Beautiful Budget Bill,' Says Expert

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) narrows FY2025 Adj EPS guidance from $1.58-$1.72 to $1.58-$1.68 vs $1.61 analyst estimate. Raises FY2025 sales outlook from $11.90 billion-$12.20 billion to $12.00 billion-$12.20 billion vs $12.12 billion estimate.

Hormel Foods Narrows FY2025 Adj EPS Guidance from $1.58-$1.72 to $1.58-$1.68 vs $1.61 Est; Raises FY2025 Sales Guidance from $11.90B-$12.20B to $12.00B-$12.20B vs $12.12B Est

Management

DOOO

BRP Announced That President And Chief Executive Officer, José Boisjoli Has Informed The Board Of Directors Of His Intention To Retire By The End Of The Fiscal Year, At Which Time He Will Also Step Down From His Role As Chair Of The Board

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) narrows FY2025 Adj EPS guidance from $1.58-$1.72 to $1.58-$1.68 vs $1.61 analyst estimate..

Hormel Foods Narrows FY2025 Adj EPS Guidance from $1.58-$1.72 to $1.58-$1.68 vs $1.61 Est

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.34 by 2.94 percent. This is a 7.89 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $2.90 billion which missed the analyst consensus estimate of $2.91 billion by 0.30 percent. This is a 0.38 percent increase over sales of $2.89 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Hormel Foods Q2 Adj. EPS $0.35 Beats $0.34 Estimate, Sales $2.90B Miss $2.91B Estimate

BRP (TSX:<a class="ticker" href="https://www.benzinga.com/stock/DOO#TSX">DOO</a>) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.36 by 30.56 percent. This is a 70.25 percent decrease over earnings of $1.58 per share from the same period last year. The company reported quarterly sales of $1.85 billion which beat the analyst consensus estimate of $1.75 billion by 5.54 percent. This is a 7.65 percent decrease over sales of $2.00 billion the same period last year.

TSX:DOO

BRP Q1 Adj. EPS $0.47 Beats $0.36 Estimate, Sales $1.85B Beat $1.75B Estimate

BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.40 by 17.5 percent. This is a 32.86 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $1.85 billion which beat the analyst consensus estimate of $1.75 billion by 5.69 percent. This is a 23.29 percent increase over sales of $1.50 billion the same period last year.

BRP Q1 Adj. EPS $0.47 Beats $0.40 Estimate, Sales $1.85B Beat $1.75B Estimate

Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) reported quarterly earnings of $2.19 per share which missed the analyst consensus estimate of $2.25 by 2.67 percent. This is a 1.86 percent increase over earnings of $2.15 per share from the same period last year. The company reported quarterly sales of $11.03 billion which missed the analyst consensus estimate of $11.20 billion by 1.56 percent. This is a 5.66 percent increase over sales of $10.43 billion the same period last year.

Royal Bank of Canada Q2 Adj. EPS $2.19 Misses $2.25 Estimate, Sales $11.03B Miss $11.20B Estimate

The digital asset landscape is experiencing a significant surge, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange-traded funds emerging as a pivotal force driving institutional adoption.
What Happened: David LaVall, the global head of ETFs at Grayscale Investments, told <a href="https://www.benzinga.com">Benzinga </a>that the introduction of spot Bitcoin ETFs at the beginning of 2024 marked an &#8220;incredible&#8221; inflection point, drawing in a substantial number of institutional players.
&#8220;As we&#8217;re a little bit over a year, what we are looking at is some of the largest institutions in the form of wealth managers, firehouse platforms looking to figure out how they exactly incorporate digital assets into their franchises,&#8221; LaVall stated.
He emphasized that the demand is coming directly from investors, &#8220;Investors are asking for it, this is a unique opportunity where the democratization of an asset class, which is what ETFs have done historically, is happening for digital assets.&#8221;
LaVall highlighted the strong appeal of the robust, institutional-grade infrastructure now available for digital asset investments. &#8220;When they come and they talk to us they&#8217;re very pleased to see the infrastructure that is institutional grade,&#8221; he added.
However, he also highlighted that Bitcoin may not belong in every portfolio.
&#8220;We are not here to say that Bitcoin belongs in every single client&#8217;s portfolio, but we mean to say that you need to educate yourself, you need to partner with a crypto expert,&#8221; he said.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45635906/sp-500s-expensive-valuation-combined-with-all-time-high-household-holdings-a-look-at-where-us-stock-market-stands">S&amp;P 500&#8217;s Expensive Valuation Combined With All-Time High Household Holdings: A Look At Where US Stock Market Stands</a>
Why It Matters: The rise of Bitcoin ETFs has provided traditional investors with a regulated and accessible pathway into the cryptocurrency market.
Grayscale&#8217;s offerings, such as the Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) and the Grayscale Bitcoin Mini Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTC#NYSE">BTC</a>), have been key players in this institutional shift.
GBTC, which converted to a spot Bitcoin ETF in January 2024, has seen significant activity, reflecting both the enthusiasm and some initial profit-taking from long-term holders.
It was up 12.25% on a year-to-date basis and 42.60% over the last year.
The Grayscale Bitcoin Mini Trust ETF, launched more recently, was up 12.91% on a year-to-date basis and 68.32% since its inception in July 20204.
Price Action: As of the publication of this article, Bitcoin was 0.9% lower at 108,735 per coin.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Wednesday. The SPY was down 0.17% to $590.17, while the QQQ declined 0.12% to $520.58, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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China has called on the United States to entirely withdraw the unilateral tariff measures that a U.S. federal court recently blocked.
What Happened:&nbsp;The Xi Jinping-led nation has requested the United States to &#8220;fully&nbsp;cancel the wrongful unilateral tariff&nbsp;measures,&#8221; as per a report by&nbsp;<a href="https://news.rthk.hk/rthk/en/component/k2/1806769-20250529.htm?spTabChangeable=0">RTHK</a>&nbsp;on Thursday. This plea follows a U.S. federal court&#8217;s obstruction of most of President Donald Trump&#8216;s extensive tariffs. 
He Yongqian, a spokeswoman for the Ministry of Commerce, urged the United States to heed the &#8220;rational voices from the international community and domestic stakeholders.&#8221; She stressed the need for the United States to withdraw the unilateral tariff measures, which she termed &#8216;wrongful&#8217;.
The Trump administration has filed an appeal against the ruling of the Court of International Trade.
SEE ALSO:&nbsp;<a href="https://benzinga.com/25/05/45637935/florida-to-embrace-gold-and-silver-as-real-currency-amid-wavering-dollar-confidence" target="_blank" rel="noreferrer noopener">Ron DeSantis Signs Law Allowing Gold, Silver For Transactions In Florida, Citing &#8216;Declining Dollar&#8217; Concerns</a>
Why It Matters: China&#8217;s appeal comes in the wake of a significant ruling by a U.S. federal court that <a href="https://www.benzinga.com/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">nullified </a>global tariffs imposed by President Trump under the International Emergency Economic Powers Act. 
The court&#8217;s decision, which emerged from two separate cases, could potentially halt the administration's trade war efforts. The tariffs were challenged by businesses and states, arguing they violated the Constitution's allocation of import duty authority to Congress.
Earlier this month, the U.S. and China agreed to reduce tariffs by 115 percentage points, lowering U.S. duties on Chinese goods to 30%. The move triggered a broad stock market rally, with the S&amp;P 500 recovering to early March 2025 levels and reversing losses from Trump's "Liberation Day" tariff announcement.
Further, economists and legal experts at The Cato Institute, a libertarian think-tank, have <a href="https://www.benzinga.com/markets/25/05/45663058/trump-wrong-to-claim-unlimited-power-to-impose-tariffs-says-legal-scholar-economists-also-breathe-sigh-of-relief-after-tariffs-blocked-by-court">expressed </a>their support for the ruling. Ilya Somin, the institute's Chair of Constitutional Studies, who was one of the co-counsels for the plaintiffs in the case, said the decision makes it clear that "the President was wrong to claim a virtually unlimited power to impose tariffs.&#8221;
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/05/45661506/bitcoin-dogecoin-dip-ethereum-gains-as-court-strikes-down-trumps-tariffs-analyst-anticipates-btc-all-time-high-in-a-couple-of-days-if-this-happens" target="_blank" rel="noreferrer noopener">Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump&#8217;s Tariffs: Analyst Anticipates BTC All-Time High &#8216;In A Couple Of Days&#8217; If This Happens &#8211; Grayscale Bitcoin Mini Trust (BTC) Common uni</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

China Tells US To 'Entirely' Revoke 'Wrongful Unilateral' Tariffs After Court Blocks Trump's 'Liberation Day' Levies

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang said that he believes Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Optimus <a href="https://www.benzinga.com/markets/equities/25/05/45536080/elon-musk-says-teslas-optimus-can-learn-tasks-by-watching-youtube-videos-just-like-a-human">humanoid robot</a> could be the first to reach mass adoption and trigger a multi-trillion-dollar industry.
What Happened: Speaking with Bloomberg News on Wednesday, Huang was asked about Tesla's expanding relationship with Nvidia and its potential in robotics, artificial intelligence and autonomous systems.
In response, Huang praised Elon Musk and called him "an extraordinary engineer."
"I love working with him," he said, adding, "We&#8217;ve built some amazing computers together. We&#8217;re going to build many more computers together."
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548615/alphabet-well-positioned-for-google-search-dominance-analyst-says-can-navigate-the-shift-to-ai-search" target="_blank" rel="noreferrer noopener">Alphabet ‘Well Positioned&#8217; For Google Search Dominance: Analyst Says Can ‘Navigate The Shift To AI Search&#8217;</a>
What Musk is doing across his ventures, including Grok, his self-driving car initiatives and the Optimus robot, Huang described as world-class, revolutionary, and full of massive potential.
He then underscored Optimus, saying, "This is the first robot that really has a chance to achieve the high volume and technology scale necessary to advance technology," adding, "I think this is likely to be the next multi-trillion dollar industry."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Earlier this year, Musk said Tesla plans to produce several <a href="https://www.benzinga.com/25/01/43325888/tesla-likely-to-sell-optimus-to-rival-companies-in-2026-price-point-of-humanoid-robot-to-be-detemined-by-demand-says-ceo-elon-musk">thousand units of its Optimus humanoid</a> robot in 2025 for using it internally. Feedback gained from these deployments will help shape the next version, expected to launch in 2026.
Meanwhile, on Wednesday, <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">Nvidia also reported first-quarter revenue</a> of $44.1 billion, marking a 69% increase year-over-year and a 12% rise from the previous quarter. The results surpassed Wall Street's consensus estimate of $43.2 billion.
Nvidia has issued guidance for second-quarter revenue at $45.0 billion, plus or minus 2%. This outlook factors in an $8.0 billion loss in H20 revenue resulting from export restrictions.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Nvidia CEO Jensen Huang &#x7C; Bloomberg Technology Special" width="500" height="281" src="https://www.youtube.com/embed/GjXag-NB1HM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Price Action: Nvidia shares climbed 5.14% in the pre-market session on Thursday, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Meanwhile, Benzinga Edge Stock Rankings awarded NVDA an impressive growth score of 98.75%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other top-performing stocks</a> like Tesla.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29050734/Screenshot-2025-05-29-at-7.06.23%E2%80%AFAM-3.png" alt="" class="wp-image-931138" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo courtesy: Shutterstock

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Tesla's Optimus May Be The First Humanoid Robot To Achieve High Volume And Tech Scale, Says Nvidia CEO Jensen Huang: '... Likely To Be The Next Multi-Trillion Dollar Industry'

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