最新ニュース Kinsale Cap Gr (NYSE:KNSL) 株価情報

Kinsale Cap Gr

Kinsale Capital Gr

Kinsale Capital Group

Kinsale Capital Group Inc is an insurance holding company. The company is engaged in offering property, casualty, and specialty insurance products. It offers specialty insurance products for allied health, healthcare, life sciences, a professional, and a public entity. The company operates in only one reportable segment which is the Excess and Surplus Lines Insurance segment, which includes commercial excess and surplus lines liability and property insurance products through its underwriting divisions. The company generates revenues in the form of premiums and investment income.

Kinsale Capital Group Inc

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) remains unable to sell its iPhone 16 in Indonesia.
What Happened: Apple has <a href="https://www.benzinga.com/24/11/42170518/apples-100-million-offer-rejected-as-indonesia-enforces-iphone-16-sales-ban">not met Indonesia&#8217;s domestic</a> content requirements, which stipulate that smartphones sold in the country must include at least 35% locally-made components.
This rule <a href="https://www.benzinga.com/markets/equities/24/10/41350072/iphone-16-sales-banned-in-indonesia-after-apples-investments-obligations-in-asian-giant-fall-sho">led to the ban</a> on iPhone 16 sales last year.
According to Indonesia&#8217;s Industry Minister Agus Gumiwang Kartasasmita, Apple has agreed to establish a facility on Batam Island to produce its AirTag devices.
However, this does not satisfy the local content criteria for iPhones, reported Reuters.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42837406/amid-nvidias-ces-2025-buzz-investors-overlooked-apple-supplier-foxconns-strong-q4-says-jim-cramer">Amid Nvidia&#8217;s CES 2025 Buzz, Investors Overlooked Apple Supplier Foxconn&#8217;s Strong Q4, Says Jim Cramer</a>
&#8220;There is no basis for the ministry to issue a local content certification as a way for Apple to have the permission to sell iPhone 16 because (the facility) has no direct relations,&#8221; Agus stated, adding that only phone components would be considered.
Indonesia&#8217;s investment minister announced the factory&#8217;s value at $1 billion, with operations expected to commence next year.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The ban on iPhone 16 sales in Indonesia is a significant hurdle for Apple, especially given its <a href="https://www.benzinga.com/markets/equities/24/10/41328252/apples-iphone-16-powers-record-sales-in-q3-just-behind-samsung-in-global-market-share-battle">record sales performance</a> in the third quarter of 2024. Apple narrowly trailed Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) in global market share, capturing 18%.
iPhones play a crucial role in Apple&#8217;s earnings, making up about half of the company&#8217;s total revenue. 
The tech giant reported <a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">strong financial results</a> in the fourth quarter, with a revenue beat of $94.9 billion. iPhone revenue climbed to $46.22 billion, up from $43.8 billion in the previous year.
Price Action: Apple&#8217;s stock ended Wednesday&#8217;s trading session with a 0.2% increase, closing at $242.7. However, in after-hours trading, the shares slipped by 0.12%, settling at $242.4, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Photo courtesy: Unsplash
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42513402/apples-2025-bull-case-can-it-deliver-without-riding-the-ai-wave?itm_source=parsely-api">Apple's 2025 Bull Case: Can It Deliver Without Riding The AI Wave?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

News

Tech

Media

AAPL

SSNLF

Apple's Airtag Factory Fails To Impress Indonesia: iPhone 16 Sales Remain Banned Despite Local Production Plans

Eric Schmidt, the former CEO of Google and former executive chairman of 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>), has reportedly invested in Relativity Space Inc., a company specializing in 3D-printed rockets.
What Happened: Relativity Space, headquartered in Long Beach, California, was established in 2015 with the ambition of creating rockets that are nearly entirely 3D-printed. The company, which encountered fundraising hurdles in 2024, launched its first rocket, Terran 1, in 2023 but failed to achieve orbit. They have since redirected their efforts towards the larger Terran R, anticipated to launch in 2026. According to <a href="https://www.bloomberg.com/news/articles/2025-01-09/ex-google-ceo-eric-schmidt-said-to-be-relativity-space-investor">Bloomberg</a>, Schmidt has been supporting the company since last year.
Schmidt&#8217;s investment came at a time when the company faced difficulties in securing capital for the development of Terran R and its daily operations. The company was valued at $4.2 billion in 2021, with investors such as Fidelity Management &amp; Research Company, Jared Leto, and Mark Cuban.
Schmidt, who served as Google&#8217;s CEO until 2011 and later as executive chairman, has been involved in various philanthropic and investment endeavors since leaving the board in 2019.&nbsp;
Schmidt and Relativity Space have yet to respond to <a href="https://pro.benzinga.com">Benzinga</a>&#8216;s queries. 
Why It Matters: The investment by Eric Schmidt in Relativity Space comes at a time when the modern space race is intensifying, with private companies vying for dominance in orbit. This new era, often referred to as &#8220;Space Race 2.0,&#8221; presents significant investment opportunities as private enterprises, such as&nbsp;SpaceX, lead the charge. In 2024, SpaceX achieved a <a href="https://www.benzinga.com/general/space/25/01/42755343/spacex-hits-new-milestone-in-2024-with-134-launches">milestone with 134 launches</a>, showcasing the rapid advancements in the industry. Relativity Space, despite its initial setbacks, remains a key player in this competitive landscape. 
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/12/42666472/gms-60000-cadillac-lyriq-was-its-best-selling-ev-in-2024-as-of-q3-is-premium-the-way-to-go-for-ev-makers" target="_blank" rel="noreferrer noopener">GM&#8217;s $60,000 Cadillac Lyriq Was Its Best Selling EV In 2024 As Of Q3: Is Premium The Way To Go For EV Makers?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

SPACE

General

GOOG

GOOGL

Ex-Google CEO Eric Schmidt Invests In 3D-Printed Rocket Maker As SpaceX-Led Space Race Heats Up

The U.S. government has received approval to liquidate a significant portion of its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings seized from the infamous darknet website <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41156448/trump-vows-to-save-silk-road-creator-ulbricht-now-12-years-into-sentence-for-bitcoin-fuele">Silk Road</a>, according to a Wednesday report.
What Happened:&nbsp; The Justice Department was cleared to sell 69,370 Bitcoins, valued at approximately $6.5 billion, by a federal judge, DB News reported, citing officials. 
The report mentioned the DOJ citing the price volatility as a reason for pushing for permission to sell the assets.
The DOJ did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s </a>request for confirmation.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The US Govt has been given the greenlight to liquidate 69,000 BTC ($6.5B) from Silk Road, an official confirmed to DB News today Interesting situation less than 2 weeks away from the new admin who vowed to not sell <a href="https://t.co/HqD1KnhJK3">https://t.co/HqD1KnhJK3</a> <a href="https://t.co/xn8ATSEL7H">pic.twitter.com/xn8ATSEL7H</a>
&mdash; db (@tier10k) <a href="https://twitter.com/tier10k/status/1877176406905356670?ref_src=twsrc%5Etfw">January 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption"> On-chain data tracked by Arkham <a href="https://intel.arkm.com/explorer/address/bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6">showed </a>the Silk Road Bitcoin balance decreasing to zero from roughly $6.5 billion, although it is not yet confirmed that the assets have been sold. The U.S. government holds around 198,109 BTC, valued at $18.66 billion.</figcaption></figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/42835979/ethereum-co-founder-vitalik-buterin-offloads-nearly-a-million-in-memecoins-to-benefit-charitiesdogecoins-sister-coin-neiro-plunges-3-after-sale">Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin&#8217;s Sister Coin NEIRO Plunges 3% After Sale</a>
This decision to liquidate contrasts the views expressed by President-elect Donald Trump, who has voiced his support for cryptocurrencies and<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40176950/trump-says-government-shouldnt-be-selling-bitcoin-crypto-is-like-ai-if-we-dont-build-it-ch"> opposed the idea of the government selling</a> its Bitcoin holdings.
Price Action: At the time of writing, Bitcoin was trading at $94,337.75, down 2.35% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42836019/odds-of-trump-buying-greenland-hit-21-on-betting-platform-kalshi-amid-reports-of-donald-trump-jrs-visit-to-arctic-region">Trump&#8217;s Greenland Gambit: Kalshi Bettors See 21% Chance He&#8217;ll Seal The Deal Before This Date</a></li>
</ul>

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

Cryptocurrency

Politics

Markets

$BTC

US Government Silk Road Bitcoin Holdings Drop To 0 Amid Report DOJ Approved To Sell $6.5 Billion Worth Of Crypto

Leading cryptocurrencies dropped further on Wednesday as Federal Reserve minutes painted a bearish outlook for risk-on assets.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:15 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-2.27%</td>
<td>$94,545.96</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.40%</td>
<td>$3,329.12</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-2.20%</td>
<td>$0.3402</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin dipped below $93,000 during the afternoon hours before swinging back above $94,000 overnight.
The leading cryptocurrency has corrected sharply from the highs of $102,000 hit earlier in the week.
Ethereum fell to an intraday low of $3,209, its lowest since Dec. 20.&nbsp;
The downtrend triggered liquidations of over $539 million in the last 24 hours, with more than $400 million in upside bets getting wiped out.
Bitcoin's Open Interest dropped 3.21% in the last 24 hours. A drop in Open Interest, coming alongside a drop in price, also indicated the liquidation of long positions. 
Despite this, over 63% of traders on Binance were going long, according to the Long/Short Ratio, suggesting that they were buying the dip.
The market sentiment remained one of "Greed," according to the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:15 p.m. ET)</td>
</tr>
<tr>
<td>GateToken (GT)</td>
<td>+4.71%</td>
<td>$18.41</td>
</tr>
<tr>
<td>Worldcoin (WLD)</td>
<td>+3.98%</td>
<td>$2.61</td>
</tr>
<tr>
<td>Monero (XMR)</td>
<td>+3.59%</td>
<td>$200.15</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.34 trillion, down 1.63% in the last 24 hours.
Stocks recovered after Tuesday&#8217;s slump. The Dow Jones Industrial Average gained 106.84 points, or 0.25%, to close at 42,635.20. The S&amp;P 500 added 0.16%, ending at 5,918.25. The tech-focused Nasdaq Composite was the outlier, dipping 0.06% to 19,478.88.
These moves coincided with the release of minutes from the Dec. 18 Federal Reserve meeting, which <a href="https://www.benzinga.com/news/econ-s/25/01/42884303/fed-minutes-reveal-inflation-jitters-policymakers-signal-slower-interest-rate-easing-path-ahead">indicated a slower pace of rate cuts</a> through 2025.
Yields on U.S. sovereign debt rose again. The benchmark 10-year Treasury yield hit 4.7%, its highest since late April.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst Ali Martinez said Bitcoin needs to reclaim $100,000 to invalidate the bearish narrative and resume its march to new all-time highs.
In an earlier post, Martinez highlighted the strong resistance offered to the leading cryptocurrency between $98,000 and $100,000.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On the other hand, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> must reclaim $100,000 to invalidate the bearish outlook and set its sights on new all-time highs.<a href="https://t.co/9jCXGS06zP">https://t.co/9jCXGS06zP</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1877007053970964577?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Michaël van de Poppe, another popular cryptocurrency market commentator, underlined his points of interest on the Bitcoin chart.&nbsp;
"I expected the markets to break out and start the bull at $100,000, but nope," Van De Poppe said. "Likely taking liquidity beneath the lows and revert back upwards. $90-92,000 is the region."
<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">Two points of interest remain the same on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. I expected the markets to break out and start the bull at $100K, but nope. Likely taking liquidity beneath the lows and revert back upwards. $90-92K is the region. <a href="https://t.co/ZrPmrkyFlf">pic.twitter.com/ZrPmrkyFlf</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1877066490886893982?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Igor Faun on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42885028/gary-gensler-says-10000-15000-projects-wont-survive-crypto-market-is-wrapped-up-in-sentiment">Gary Gensler Says 10,000-15,000 Projects Won&#8217;t Survive, Crypto Market Is &#8216;Wrapped Up In Sentiment&#8217;</a></li>
</ul>

Movers

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$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Drop After Fed Minutes Casts Shadow Over Interest Rate Cuts: Top Analyst Says BTC Must Claim $100K To Overcome Bearish Outlook

On Wednesday, the Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) said that its streaming platforms have reached another milestone.
What Happened: The company's streaming platforms, Disney+, Hulu, and ESPN+, have amassed approximately 157 million monthly active users globally who engage with ad-supported content.
This figure includes 112 million users in the United States and represents an average over the past six months.
The update was shared during the annual CES tech conference in Las Vegas.
See Also: <a href="https://www.benzinga.com/news/25/01/42880721/whats-going-on-with-fubotv-stock-after-disney-deal">What&#8217;s Going On With FuboTV Stock After Disney Deal?</a>
While traditional television has established methods for measuring viewership, the streaming industry lacks a standardized approach for gauging global advertising audiences.
Disney&#8217;s Advertising division has developed a methodology to estimate ad-supported audience numbers consistently worldwide.
It involves calculating active accounts across Disney&#8217;s streaming services that have viewed ad-supported content for more than 10 seconds.
Each active account is multiplied by the estimated number of users per account to determine the total user count. Users subscribing to multiple platforms may be counted more than once.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Disney&#8217;s achievement in the ad-supported streaming space is noteworthy, especially as competitors like Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Amazon.com, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video also expand their ad-supported tiers.
In November 2024, Netflix reported 70 million monthly users for its ad-supported tier. During the same time, it was reported that about 80% of Amazon Prime viewers have subscribed to the newly introduced ad-supported tier.
Disney&#8217;s <a href="https://www.benzinga.com/24/11/41971559/disneys-q4-boosted-by-streaming-gains-strong-box-office-and-solid-parks-performance">fourth-quarter earnings</a>, where the company reported a 6% increase in revenue, reached $22.57 billion. This growth was partly driven by gains in its streaming services, which ended the quarter with 174 million Disney+ Core and Hulu subscriptions.&nbsp;
Price Action: Disney&#8217;s stock closed Wednesday&#8217;s trading session down by 1.46%, settling at $109.76. However, in after-hours trading, the shares gained 1.18%, rising to $111.05, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Photo Courtesy: Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42513402/apples-2025-bull-case-can-it-deliver-without-riding-the-ai-wave?itm_source=parsely-api">Apple&#8217;s 2025 Bull Case: Can It Deliver Without Riding The AI Wave?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Entertainment

AMZN

NFLX

Disney's Ad-Supported Streaming Reaches 157 Million Users Globally, 112 Million In US: Here's How It Compares With Netflix And Amazon Prime

A <a href="https://www.benzinga.com/general/entertainment/25/01/42888380/los-angeles-fires-shut-down-production-of-tv-shows-fallout-abbott-elementary-hacks-film-premieres-canceled-critics-choice-awards-delayed">devastating wildfire tearing</a> through Los Angeles&#8217;s Pacific Palisades neighborhood has highlighted an unexpected performer: Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck. Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, praised the vehicle&#8217;s capability during the crisis.
What Happened: &#8220;Cybertruck was my hero today,&#8221; Gerber posted on X, describing how the vehicle navigated fallen trees and flooded roads while mentioning the HEPA filter system which protects from smoke. His firsthand account came amid his efforts to protect his property from the rapidly spreading fire.
<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">Here are some picture. BTW. Cybertruck was my hero today. Had to drive over trees, hepa filter, flooded roads. Here are some pictures from today. <a href="https://t.co/sSLlZtizHP">pic.twitter.com/sSLlZtizHP</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1877122465886831076?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The wildfire has <a href="https://www.benzinga.com/25/01/42878466/wildfire-rips-through-las-pacific-palisades-neighborhood-3000-acres-burned-30000-evacuated-homes-destroyed">forced more than 30,000 residents</a> to evacuate and burned over 3,000 acres. The Los Angeles Fire Department reported zero containment as of Wednesday morning, with wind gusts reaching up to 100 mph complicating firefighting efforts.
&#8220;I&#8217;ve never witnessed destruction like this,&#8221; Gerber wrote, describing the devastation in Pacific Palisades, where he estimated up to 75% of homes could be affected. He particularly noted seeing &#8220;a dozen $20 million houses burning north of sunset.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I saw a dozen of $20 mil houses burning north of sunset, like this one. All of the palisades is gone. The businesses and it could be 75% of the homes. It's surreal destruction. <a href="https://t.co/kPtvvHulfd">pic.twitter.com/kPtvvHulfd</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1877122960705663171?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The crisis has broader implications for the region, affecting major events and infrastructure. The <a href="https://www.benzinga.com/general/sports/25/01/42889402/nhl-game-canceled-after-los-angeles-fires-nfl-monitoring-situation-ahead-of-monday-playoff-game">NHL postponed Wednesday&#8217;s game</a> between the Calgary Flames and Los Angeles Kings, while more than 160,000 customers face power outages across Los Angeles County. 
However, Gerber noted that Tesla Powerwall owners maintained power access during the outages.
<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">Once again. Tesla power walls have made a huge plus for people who have it. Power and internet is down. Having bioweapon air filters. A must.
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1877015485042020835?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
California Gov. Gavin Newsom, who toured the affected area Tuesday, confirmed significant structural damage. President Joe Biden has approved a federal grant to support the <a href="https://www.benzinga.com/25/01/42878466/wildfire-rips-through-las-pacific-palisades-neighborhood-3000-acres-burned-30000-evacuated-homes-destroyed">state&#8217;s fire response efforts</a>.
Local authorities, including Los Angeles Fire Chief Kristin Crowley, reported that more than 25,000 people in 10,000 homes remain under threat as firefighters battle what LAFD&#8217;s David Ortiz called &#8220;the worst possible scenario for a firefight.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/25/01/42888380/los-angeles-fires-shut-down-production-of-tv-shows-fallout-abbott-elementary-hacks-film-premieres-canceled-critics-choice-awards-delayed">Los Angeles Fires Shut Down Production Of TV Shows &#8216;Fallout,&#8217; &#8216;Abbott Elementary,&#8217; &#8216;Hacks&#8217;; Film Premieres Canceled, Critics Choice Awards Delayed</a></li>
</ul>
Image via Tesla
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

TSLA

'Cybertruck Was My Hero Today,' Says Ross Gerber After Tesla's Truck Allowed Him To Navigate California Wildfires In Safety

Arm Holdings PLC &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) is exploring the potential acquisition of semiconductor designer Ampere Computing LLC, signaling further consolidation in the artificial intelligence chip sector.
What Happened: Ampere, which designs data center processors using Arm&#8217;s technology and is backed by Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), has been fielding takeover interest while working with financial advisers to explore strategic options, according to people familiar with the matter <a href="https://www.bloomberg.com/news/articles/2025-01-09/chip-designer-arm-considers-acquiring-ampere-computing">cited</a> by Bloomberg on Wednesday. 
The company was previously valued at $8 billion in a proposed SoftBank Group Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) minority investment in 2021.
The potential deal emerges as Ampere faces intensifying competition in the AI chip market. In May, <a href="https://www.benzinga.com/news/24/05/38892874/nvidia-faces-new-competition-as-qualcomm-and-ampere-launch-ai-focused-server">the company partnered</a> with Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) to launch an AI-focused server combining Ampere&#8217;s CPUs with Qualcomm&#8217;s Cloud AI 100 Ultra chips for inference tasks. This collaboration aims to establish a stronger foothold in the data center market currently dominated by NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Arm Holdings and Ampere Computing did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42888800/goldman-sachs-flags-market-correction-risk-as-inflation-trump-policies-stir-uncertainty">Goldman Sachs Flags Market Correction Risk As Inflation, Trump Policies Stir Uncertainty</a>
Why It Matters: Oracle currently holds a 29% stake in Ampere with options to gain control. The startup, which had confidentially filed for an IPO in April 2022, is led by CEO Renee James, a former Intel Corp. executive. 
In May, the <a href="https://www.benzinga.com/news/24/05/38892874/nvidia-faces-new-competition-as-qualcomm-and-ampere-launch-ai-focused-server">company announced plans</a> for next-generation CPUs featuring 256 processing cores, manufactured using Taiwan Semiconductor Manufacturing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) 3-nanometer process.
For Arm, acquiring Ampere could accelerate its evolution from a technology licensor to a more complete chipmaker, potentially leveraging Ampere&#8217;s engineering expertise in the server market. The discussions, however, remain fluid and could fall through, according to the report.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/01/42890014/jim-cramer-warns-on-quantum-stories-as-stocks-plunge-we-need-you-out-before-the-froth-goes-away">Jim Cramer Warns On &#8216;Quantum Stories&#8217; As Stocks Plunge: &#8216;We Need You Out Before The Froth Goes Away&#8217;</a></li>
</ul>
Image Via Shutterstock

INTC

NVDA

ORCL

QCOM

SFTBY

SoftBank-Owned Arm Eyes Acquisition Of Oracle-Backed Chip Designer Ampere Computing Amid Nvidia's Dominance: Report

President-elect Donald Trump launched his latest non-fungible token collection, titled &#8220;Trump Bitcoin Digital Trading Cards,&#8221; on the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) network on Wednesday.
What happened: Created using the Ordinals protocol, the collection comes with 160 pieces.&nbsp;
CollectTrumpCards, the official X handle linked to Trump's NFT offerings, informed that users who purchased 100 NFT cards from the &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36205739/trump-mug-shot-gets-nft-treatment-how-you-can-also-own-a-piece-of-the-suit-he-wore">Mugshot Edition</a>&#8221; could claim them through the NFT marketplace Magic Eden after submitting their Bitcoin wallet.
One wallet can only claim one NFT, with the claim period lasting until Jan. 31.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The first and only official Bitcoin Ordinals created by Trump Digital Trading Cards, inscribed on Alpha sats in a Parent-Child collection &#x1f1fa;&#x1f1f8;. Only 160 Total Trump Ordinals! Eligible users who purchased 100 Mugshot Edition cards &amp; submitted their BTC wallets can now claim their 1… <a href="https://t.co/QTzhlXPGOU">pic.twitter.com/QTzhlXPGOU</a>
&mdash; CollectTrumpCards (@CollectTrump) <a href="https://twitter.com/CollectTrump/status/1877031293160140907?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
About 13 NFTs have already been listed on <a href="https://magiceden.io/ordinals/marketplace/trump-bitcoin-trading-cards">Magic Eden</a>, with the floor price at 0.177 BTC, worth $16,815 at prevailing market prices. The floor price of an NFT is the lowest price at which an NFT in a collection can be purchased. One NFT was listed for 20 BTC, worth over $1.9 million.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/42835979/ethereum-co-founder-vitalik-buterin-offloads-nearly-a-million-in-memecoins-to-benefit-charitiesdogecoins-sister-coin-neiro-plunges-3-after-sale">Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin&#8217;s Sister Coin NEIRO Plunges 3% After Sale</a>
Bitcoin Ordinals are <a href="https://www.benzinga.com/money/what-are-bitcoin-ordinals">inscriptions of data</a> on Bitcoin's blockchain, commonly referencing digital collectibles or art. This concept of NFTs allows for the tokenization of various digital or physical assets, creating verifiable ownership on Bitcoin&#8217;s blockchain.&nbsp;
Bitcoin was the second-largest network for NFTs as of this writing, with sales exceeding $155 million in the last month, <a href="https://www.cryptoslam.io/">according </a>to CryptoSlam.&nbsp;
Why It Matters: Trump <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35114626/if-you-invested-1-000-in-trump-nfts-heres-how-much-youd-have-today-and-does-it-beat-the-s-">first ventured</a> into the NFT space in December 2022 with his inaugural collection. The series was an instant success, selling out within just 24 hours of its release.
Since then, he has launched four more collections, with the Ordinals being his most recent endeavor.
Latest <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40445918/how-much-has-donald-trump-made-from-nft-sales-its-more-than-you-might-think">financial disclosures</a> suggest that Trump has made more than $7 million from his NFT enterprises.
Price Action: Interestingly, the launch of the latest digital cards triggered a drop in the floor price of his earlier collections.
The &#8220;Mugshot Edition,&#8221; launched in Dec. 2023, was down 2.19% in the last 24 hours, while the most recent&nbsp; &#8220;America First Edition&#8221; fell 2.20%, <a href="https://nftpricefloor.com/trump-digital-trading-cards-america-first-edition">according </a>to&nbsp;NFT Price Floor.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42836019/odds-of-trump-buying-greenland-hit-21-on-betting-platform-kalshi-amid-reports-of-donald-trump-jrs-visit-to-arctic-region">Trump&#8217;s Greenland Gambit: Kalshi Bettors See 21% Chance He&#8217;ll Seal The Deal Before This Date</a></li>
</ul>

Trump-Themed NFTs Debut On Bitcoin Network — One Card Gets Listed At $1.9 Million

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) plans to reduce its workforce, targeting employees not meeting performance expectations.
What Happened: A spokesperson for Microsoft <a href="https://www.businessinsider.com/microsoft-plans-job-cuts-performance-management-2025-1">confirmed</a> the upcoming job cuts to Business Insider but did not specify the number of employees affected.
&#8220;At Microsoft, we focus on high-performance talent,&#8221; the spokesperson stated. &#8220;We are always working on helping people learn and grow. When people are not performing, we take the appropriate action.&#8221;
Microsoft did not&nbsp;immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42881085/is-labor-market-cooling-or-raising-fed-concerns-what-to-watch-in-fridays-jobs-report">Is Labor Market Cooling Or Raising Fed Concerns? What To Watch In Friday&#8217;s Jobs Report</a>
As of June, Micorosft employed approximately 228,000 full-time workers. The job cuts are expected to impact various divisions, including the security sector, the report noted.
Why It Matters: This latest round of job cuts is part of a broader trend at Microsoft, which has made several workforce adjustments in 2024.
The company let go of nearly 2,000 workers from its gaming division. Then in June, Microsoft reduced its workforce by approximately 1,000 employees. In July, it <a href="https://www.benzinga.com/markets/equities/24/07/39632988/microsoft-carries-out-another-round-of-layoffs-across-teams-and-geographies-third-this-year-so-f">conducted another round of layoffs</a> and in September, Microsoft <a href="https://www.benzinga.com/markets/equities/24/09/40829756/microsoft-cuts-650-xbox-jobs-amid-restructuring-following-activision-blizzard-deal-report">laid off another 650 employees</a> in its gaming division.
Microsoft currently has a market cap of $3.156 trillion, making it the third most valuable company in the world.
Price Action: Microsoft&#8217;s stock ended Wednesday&#8217;s trading session up 0.52% at $424.56. However, in after-hours trading, the shares saw a slight dip of 0.13%, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Photo Courtesy: Shutterstock.com
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<li><a href="https://www.benzinga.com/25/01/42865109/sony-co-founder-akio-morita-once-said-that-management-should-treat-companies-like-families-not-commodities-recession-comes-management-fire-people-but-stays-to-keep-its-profit">Sony Was The First Japanese Company To List On US Markets, Co-Founder Akio Morita Championed &#8216;Workers As Family&#8217; Philosophy — Does His Vision Still Resonate Today?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

Microsoft Plans To Slash Jobs Again: 'When People Are Not Performing, We Take The Appropriate Action'

The US stock market experienced a mixed day on Wednesday, with the Dow Jones index rising around 0.25% to 42,635.20. The S&amp;P 500 index ended the day nearly 0.2% higher at 5,918.25 while the tech-heavy Nasdaq declined 0.06% to 19,478.88.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares fell 36.13% to close at $6.10, with an intraday high and low of $6.79 and $4.65 respectively. The 52-week high and low are $11.41 and $0.68. The <a href="https://www.benzinga.com/25/01/42878295/quantum-stocks-tumble-why-rigetti-ionq-and-d-wave-are-falling">drop in quantum-related stocks</a> comes after Nvidia Corporation CEO Jensen Huang expressed skepticism about the near-term usefulness of quantum computers.
Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) shares rose by 0.65% to close at $927.37, with an intraday high and low of $930.5 and $915.42 respectively. The 52-week high and low are $1008.25 and $658.26. The <a href="https://www.benzinga.com/news/retail-sales/25/01/42888095/costco-stock-climbs-after-december-net-sales-up-99-year-over-year">stock climbed</a> after the company reported a 9.9% year-over-year increase in its December net sales.
Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares fell by 4.31% to close at $121.84, with an intraday high and low of $125.30 and $120.12 respectively. The 52-week high and low are $227.30 and $117.91. The <a href="https://www.benzinga.com/25/01/42874399/amd-invests-20m-in-absci-to-boost-ai-drug-discovery">company was in focus</a> after it invested $20 million in Absci Corporation for AI drug discovery advancements.
Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares rose by 6.42% to close at $83, with an intraday high and low of $84.92 and $78.60 respectively. The 52-week high and low are $99.80 and $48.33. The shares traded higher after the company reported <a href="https://www.benzinga.com/general/entertainment/25/01/42886962/roku-shares-are-on-the-rise-what-you-need-to-know">surpassing 90 million streaming households</a> in the first week of January 2025.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares rose by 0.15% to close at $394.94, with an intraday high and low of $402.50 and $387.40 respectively. The 52-week high and low are $488.54 and $138.80. Tesla CEO Elon Musk announced that the Grok chatbot, developed by his AI startup xAI, would be <a href="https://www.benzinga.com/tech/25/01/42867252/xais-grok-chatbot-to-be-integrated-into-tesla-vehicles-soon-says-elon-musk">integrated into Tesla vehicles</a>. The statement was made on Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/01/42880169/carvana-stock-soars-as-atlanta-megasite-integration-boosts-auction-reconditioning-capacity">Carvana Stock Soars As Atlanta &#8216;Megasite&#8217; Integration Boosts Auction, Reconditioning Capacity</a></li>
</ul>
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

COST

QBTS

ROKU

D-Wave Quantum, Costco, AMD, Roku, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Tech stocks faced steep declines Wednesday as prominent market commentator Jim Cramer warned investors about overvaluation in quantum computing and artificial intelligence sectors, following earlier skepticism from NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang about <a href="https://www.benzinga.com/25/01/42878295/quantum-stocks-tumble-why-rigetti-ionq-and-d-wave-are-falling">quantum technology&#8217;s timeline</a>.
What Happened: SoundHound AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares plunged 16.44% to close at $15.02, while Quantum Corp. saw a 30.33% drop to $31.43.
The selloff extended to other quantum computing players, with IonQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) falling 39.2% and Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) declining 45.41%.
&#8220;Not too late to sell the myriad quantum stories out there.. We need you out before the froth goes away and the Soundhounds and Quantums head back down<a href="https://twitter.com/jimcramer/status/1877146220516270110?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1877146220516270110%7Ctwgr%5Eba7ddb257260026d1642d0896b2af8061c2338f8%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Feditorial.benzinga.com%2Fwp-admin%2Fpost-new.php" target="_blank" rel="noreferrer noopener"></a>,&#8221; Cramer posted on X, cautioning investors about market froth in these sectors. 
Cramer&#8217;s warning came after Huang&#8217;s sobering assessment that practical quantum computers could be decades away, with optimistic estimates <a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42881186/quantum-stocks-face-reality-check-after-nvidia-ceos-comments-what-do-the-charts-show">ranging from 15 to 30 years</a>.
<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">Not too late to sell the myriad quantum stories out there.. We need you out before the froth goes away and the Soundhounds and Quantums head back down
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1877146220516270110?ref_src=twsrc%5Etfw">January 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The tech selloff coincided with broader market pressures, including rising treasury yields, with the 30-year yield reaching 4.90%. Higher borrowing costs particularly affect growth-oriented companies in the AI and quantum computing sectors.
See Also: <a href="https://www.benzinga.com/25/01/42886101/investors-should-expect-no-rate-cuts-in-q1-2025-after-federal-reserves-december-minutes-release-strategist-says">&#8216;No Rate Cuts In Q1 2025,&#8217; Strategist Says After Fed&#8217;s December Minutes</a>
Why It Matters: Despite the market reaction, companies continue to <a href="https://www.benzinga.com/25/01/42884862/soundhound-ai-shares-are-falling-today-whats-going-on">showcase technological advances</a>. At CES 2025, SoundHound AI demonstrated its new in-vehicle voice commerce platform, integrating with restaurant brands for hands-free ordering through car infotainment systems.
The dramatic declines follow substantial gains over the past year, with some quantum computing stocks posting returns exceeding 800%. Technical indicators suggest potential support levels, with IonQ&#8217;s 200-day simple moving average at $14.33 and Rigetti showing neutral Relative Strength Index levels at 46.58, though <a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42881186/quantum-stocks-face-reality-check-after-nvidia-ceos-comments-what-do-the-charts-show">current market sentiment remains bearish</a>.
Price Action: In Wednesday&#8217;s after-hours trading, SoundHound AI Inc. saw a modest decline of 0.53%, while Quantum Corp. climbed 4.84%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42888800/goldman-sachs-flags-market-correction-risk-as-inflation-trump-policies-stir-uncertainty">Goldman Sachs Flags Market Correction Risk As Inflation, Trump Policies Stir Uncertainty</a></li>
</ul>
Image via Quantum
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

IONQ

RGTI

SOUN

Jim Cramer Warns On 'Quantum Stories' As Stocks Plunge: 'We Need You Out Before The Froth Goes Away'

XTIA

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

In the wake of President-elect Donald Trump&#8217;s refusal to rule out military action to acquire Greenland, an autonomous Danish territory, the Pentagon has categorically denied having any such plans.
What Happened: The Pentagon, on Wednesday, stated that it was &#8220;not aware&#8221; of any plans to invade Greenland, as <a href="https://thehill.com/policy/defense/5075354-pentagon-no-greenland-invasion-plans/">reported</a> by The Hill. This statement came after Trump declined to dismiss the possibility of using military force to acquire Denmark&#8217;s autonomous territory. Deputy press secretary Sabrina Singh, when questioned about potential contingency plans, responded, &#8220;I&#8217;m certainly not going to get into hypothetical situations.&#8221;
&#8220;We're concerned with the real national security concerns that confront this building every day,&#8221; said Singh.
At a press conference on Tuesday, Trump stated that the U.S. needed both Greenland and the Panama Canal for national and economic security. However, he did not provide any specific plans for acquiring either. &#8220;People really don't even know if Denmark has any legal right to it, but if they do, they should give it up, because we need it for national security,&#8221; Trump said, referring to Greenland.
During his first term, Trump had contemplated buying Greenland from Denmark, a proposal that was rejected by the Danish prime minister. The last attempt by the U.S. to purchase Greenland was in 1946, offering&nbsp;Denmark $100 million in gold,&nbsp;which was declined. The U.S. currently maintains&nbsp;a military base on the&nbsp;island, Pituffik Space Base, as&nbsp;part of mutual defense agreements&nbsp;with Denmark.
Why It Matters: The recent comments by President-elect Trump have rekindled interest in his previous plans to acquire Greenland. 
His son, Donald Trump Jr., recently visited Greenland, <a href="https://thehill.com/policy/defense/5075354-pentagon-no-greenland-invasion-plans/">sparking speculation</a> about a renewed push for control over the mineral-rich island. 
Furthermore, bettors on the federally authorized betting platform Kalshi <a href="https://www.benzinga.com/25/01/42836019/odds-of-trump-buying-greenland-hit-21-on-betting-platform-kalshi-amid-reports-of-donald-trump-jrs-visit-to-arctic-region">predicted a 21% chance</a> of Trump buying Greenland.
Photo Courtesy: The U.S. National Archives
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Pentagon Dismisses Greenland Invasion Plans Following Trump's Comments: 'We're Concerned With The Real National Security Concerns'

Wildfires in the Los Angeles area have canceled at least one major sporting event Wednesday and more could be on the way as officials work to control the spread and more <a href="https://www.benzinga.com/25/01/42878466/wildfire-rips-through-las-pacific-palisades-neighborhood-3000-acres-burned-30000-evacuated-homes-destroyed">devastation in the region.</a>
Here's a look at how the sports world is being impacted and could be in the future.
NHL Game Cancelled: Wednesday night's game between the Calgary Flames and Los Angeles Kings has been <a href="https://media.nhl.com/public/news/18544">postponed </a>due to the wildfires.
The game was set to be held at the Crypto.com Arena at 10:30 p.m. ET and will be held at a future date, the NHL reported.
The league said its thoughts were with the Kings and people of the Los Angeles area "during this difficult time."
The Kings have no home games after Wednesday until Jan. 20. &nbsp;
NFL Playoffs Game: On Monday, Jan. 13, the Los Angeles Rams host the Minnesota Vikings at SoFi Stadium.
While it is unknown what the fire situation will look like at that time, the National Football League <a href="https://www.nfl.com/news/nfl-closely-monitoring-developments-los-angeles-fires-vikings-rams-playoff-game">said </a>it is closely monitoring developments in the region.
"The NFL continues to closely monitor developments in the area and will remain in contact with both clubs and the NFLPA," the NFL said.
Monday's game at 8 p.m. ET is set to be broadcast on ESPN and ABC; stream on ESPN+, all units of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).
With the second round of the NFL Playoffs set for games on Sat. Jan 18 and Sun. Jan 19, this situation will be closely monitored to see what the NFL will do if the fires are not fully contained by Monday.
The Rams won home-field advantage by winning their division and moving the game's location too far from their home stadium could see claims of losing that advantage.
Read Also:<a href="https://www.benzinga.com/general/entertainment/25/01/42888380/los-angeles-fires-shut-down-production-of-tv-shows-fallout-abbott-elementary-hacks-film-premieres-canceled-critics-choice-awards-delayed"> Los Angeles Fires Shut Down Production Of TV Shows &#8216;Fallout,&#8217; &#8216;Abbott Elementary,&#8217; &#8216;Hacks&#8217;; Film Premieres Canceled, Critics Choice Awards Delayed</a>
NBA Impact: The NBA has not canceled any games for Wednesday, but could be forced to make changes on Thursday.
The Los Angeles Lakers, which also play at the Crypto.com arena, have a home game Thursday and have home games on Jan. 11, Jan. 13, Jan. 15 and Jan 17.
Outside of the Lakers games, the NBA already saw some changes to its TV coverage with ESPN announcing it wouldn't have its normal "NBA Today" and "NBA Countdown" crews in studio as the Los Angeles studio was in the impacted area, as <a href="https://frontofficesports.com/palisades-fire-los-angeles-sports-updates/#">reported </a>by FrontOfficeSports.
Several NBA coaches are also impacted by the fires with Los Angeles Lakers coach JJ Redick and Golden State Warriors coach Steve Kerr both saying they had family members evacuate homes in the fire area, as <a href="https://www.cnn.com/2025/01/08/sport/steve-kerr-jj-redick-pacific-palisades-wildfires-spt-intl/index.html">reported </a>by CNN.
"Everything I'm seeing and reading is just terrifying, what's happening down there," Kerr said.
The former NBA player said his mother evacuated her home. Kerr attended Palisades Charter High School, which has been featured in TV shows and movies. The school suffered damage from the fire.
Redick told reporters that his family evacuated their home in the evacuation zone. He added that other relatives have homes in the evacuation zones.
"I know that a lot of people are freaking out right now, including my family. From the sound of things, with the winds coming tonight, I know a lot of people are scared," Redick said ahead of the Lakers Tuesday night game.
The Fire Details: The wildfires have brought devastation to the region with two people dead and orders for more than 30,000 people to evacuate their homes in the area.
Celebrities including Mark Hamill, Jamie Lee Curtis, Mandy Moore and James Woods are among the entertainment figures who own homes in the region and evacuated.
The National Weather Service issued an alert of potential fire conditions due to high winds in the area ahead of the fires.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40864886/trump-threatens-to-deny-california-wildfire-aid-if-he-wins-says-gavin-newsom-is-gonna-sign-those-pap">Trump Threatens To Deny California Wildfire Aid If He Wins, Says Gavin Newsom Is &#8216;Gonna Sign Those Papers, And If He Doesn&#8217;t…&#8217;</a></li>
</ul>
Photos: Shutterstock

Sports

NHL Game Canceled After Los Angeles Fires, NFL Monitoring Situation Ahead Of Monday Playoff Game

Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) has outperformed the market over the past 20 years by 5.46% on an annualized basis producing an average annual return of 13.77%. Currently, Digital Realty Trust has a market capitalization of $59.93 billion. 
Buying $100 In DLR: If an investor had bought $100 of DLR stock 20 years ago, it would be worth $1,330.91 today based on a price of $180.87 for DLR at the time of writing.
<h3>Digital Realty Trust's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736379907_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.

Here's How Much You Would Have Made Owning Digital Realty Trust Stock In The Last 20 Years

Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) has outperformed the market over the past 20 years by 2.55% on an annualized basis producing an average annual return of 10.86%. Currently, Advanced Micro Devices has a market capitalization of $195.95 billion. 
Buying $100 In AMD: If an investor had bought $100 of AMD stock 20 years ago, it would be worth $803.69 today based on a price of $120.75 for AMD at the time of writing.
<h3>Advanced Micro Devices's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736379008_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.

Here's How Much You Would Have Made Owning Advanced Micro Devices Stock In The Last 20 Years

Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) has outperformed the market over the past 15 years by 4.48% on an annualized basis producing an average annual return of 16.0%. Currently, Micron Technology has a market capitalization of $110.86 billion. 
Buying $1000 In MU: If an investor had bought $1000 of MU stock 15 years ago, it would be worth $9,503.82 today based on a price of $99.50 for MU at the time of writing.
<h3>Micron Technology's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736378108_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.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have This Much Today

The start of 2025 has brought a sharp uptick in equity drawdown risks, with Goldman Sachs estimating a near 30% probability of market corrections, fueled by surging policy uncertainty <a href="https://www.benzinga.com/topic/inflation">and shifting inflation dynamics.</a>
In a note published Wednesday, analysts Andrea Ferrario and Christian Mueller-Glissmann highlighted heightened risks stemming from rising inflation pressures, trade tensions and political uncertainty ahead of Donald Trump's second presidential term, set to start on Jan. 20, 2025.
The analysts indicated that these factors could lead to deeper market volatility and weaker forward returns for equities.
<h1 class="wp-block-heading">What Is Driving The Increased Risk?</h1>
Goldman's framework shows the probability of an equity drawdown has jumped to nearly 30%, a significant rise from levels seen in 2024. Historically, when drawdown risk crosses this threshold, markets have experienced lower returns and, in some cases, severe corrections. 
Goldman indicates that extreme outcomes are more likely if the probability exceeds 35%.
One of the primary drivers of this heightened risk is the resurgence of inflation, which has shifted from negative to positive. This trend is particularly concerning for investors, as inflation could erode profit margins and limit central bank interventions in the event of market turmoil.
Policy uncertainty has also climbed sharply. &#8220;Global trade and the risk of U.S. tariffs have been at the epicenter of this surge in uncertainty, with measures of trade policy uncertainty spiking above their 2018-2019 highs,&#8221; the analysts wrote.
Although the macroeconomic environment remains broadly supportive of equities, Goldman cautioned that market sentiment could deteriorate rapidly under adverse scenarios. 
A combination of geopolitical risks, inflation surprises and corporate earnings misses could create a perfect storm for investors, leading to sharper corrections.
<h1 class="wp-block-heading">Hedging Strategies For Uncertain Times</h1>
Goldman recommended hedging strategies to protect portfolios in this uncertain environment.
 &#8220;We like shorter-dated S&amp;P 500 put spreads to hedge near-term correction risk due to negative growth surprises, policy uncertainty into the U.S. presidential inauguration, or misses in the January earnings season,&#8221; the note said.
For investors worried about more severe economic downturns, longer-dated S&amp;P 500 puts may offer better protection. &#8220;After the recent hawkish repricing, longer-dated S&amp;P 500 puts would likely also benefit from falling front-end rates in the event of severe growth shocks,&#8221; the analysts added.
The note also highlighted hybrid instruments, which combine equity and currency exposures, as tools to hedge against rising rates and trade-related risks. 
Goldman specifically recommended &#8220;S&amp;P 500 down/EURUSD down hybrids&#8221; and &#8220;S&amp;P 500 down/US 10y up double digitals&#8221; as effective hedges. 
The former derivative is ideal for scenarios where both the equity market and the euro decline simultaneously, potentially in reaction to tariffs policies, while the latter works well in environments where equity markets are under pressure and bond yields rise as a result of inflation concerns or expectations of higher interest rates.
Since Trump&#8217;s election victory in November, the U.S. dollar index — as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) — has risen by over 5%. During the same period, blue-chip stocks, tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) have shown a flat performance.
Yields on 30-year Treasury bonds are hovering near 4.95%, climbing over 100 basis points since mid-September 2024.
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/econ-s/25/01/42884303/fed-minutes-reveal-inflation-jitters-policymakers-signal-slower-interest-rate-easing-path-ahead">Fed Minutes Reveal Inflation Jitters, Policymakers Signal Slower Interest Rate Easing Path Ahead</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Government

Macro Economic Events

Broad U.S. Equity ETFs

Currency ETFs

Econ #s

Economics

Federal Reserve

ETFs

SPDR Dow Jones Industrial Average ETF Trust

PowerShares DB US Dollar Index Bullish Fund

Goldman Sachs Flags Market Correction Risk As Inflation, Trump Policies Stir Uncertainty

Ecolab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) has outperformed the market over the past 20 years by 1.8% on an annualized basis producing an average annual return of 10.1%. Currently, Ecolab has a market capitalization of $66.42 billion. 
Buying $1000 In ECL: If an investor had bought $1000 of ECL stock 20 years ago, it would be worth $6,968.81 today based on a price of $234.57 for ECL at the time of writing.
<h3>Ecolab's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736377229_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.

Here's How Much $1000 Invested In Ecolab 20 Years Ago Would Be Worth Today

Cleanspark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) has outperformed the market over the past 5 years by 2.6% on an annualized basis producing an average annual return of 15.08%. Currently, Cleanspark has a market capitalization of $2.84 billion. 
Buying $1000 In CLSK: If an investor had bought $1000 of CLSK stock 5 years ago, it would be worth $2,040.44 today based on a price of $10.11 for CLSK at the time of writing.
<h3>Cleanspark's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736376314_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.

CLSK

Here's How Much You Would Have Made Owning Cleanspark Stock In The Last 5 Years

American Century Focused Dynamic Growth Fund Q3 2024 Commentary

Jefferies raised the firm's price target on Kinsale Capital (KNSL) to $476 from $450 and keeps a Hold rating on the shares. The firm's preference i...

Kinsale Capital price target raised to $476 from $450 at Jefferies

Morgan Stanley analyst Bob Huang maintained a Buy rating on Kinsale Capital Group (KNSL – Research Report) today and set a price target of $593.00....

Morgan Stanley Reaffirms Their Buy Rating on Kinsale Capital Group (KNSL)

Tracking Ron Baron's BAMCO Portfolio - Q3 2024 Update

JPMorgan lowered the firm's price target on Kinsale Capital (KNSL) to $412 from $415 and keeps a Neutral rating on the shares. The analyst remains ...

Kinsale Capital price target lowered to $412 from $415 at JPMorgan

Wall Street is pacing for its first win in 2025, though all three major benchmarks are lower for the week.

Wall Street Higher; Still Pacing For Weekly Loss

Kinsale Capital (KNSL) is down -7.0%, or -$31.62 to $422.40. Published first on TheFly – the ultimate source for real-time, market-moving breaking ...

Kinsale Capital falls -7.0%

Argentine banks climb, fintechs retreat in first week of 2025: financials wrap

Analysts fell to the sidelines weighing in on Bank OZK (OZK – Research Report) and Kinsale Capital Group (KNSL – Research Report) with neutral rati...

Analysts Offer Insights on Financial Companies: Bank OZK (OZK) and Kinsale Capital Group (KNSL)

JPMorgan analyst Jimmy Bhullar says insurance industry losses from the Los Angeles fires will be "high but manageable." The firm anticipates the re...

JPMorgan sees 'high but manageable' insurance losses from LA fires

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Press Releases

Kinsale Capital Group Announces Dividend Declaration

Kinsale Capital Group Announces Second Quarter 2024 Earnings Release Date and Conference Call

Kinsale Capital Group Reports Second Quarter 2024 Results

AM Best Revises Issuer Credit Rating Outlooks to Positive for Kinsale Insurance Company and Kinsale Capital Group, Inc.

Opinion

BetterInvesting™ Magazine Update on Kinsale Capital Group Inc. (NYSE: KNSL) and Yum China Holdings Inc. (NYSE: YUMC)

Kinsale Capital Group Announces New Board Member

Kinsale Capital Group Announces Third Quarter 2024 Earnings Release Date and Conference Call

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