最新ニュース TSS (NASDAQ:TSSI) 株価情報

TSS Inc provides various services for planning, design, development, and maintenance of mission-critical facilities and information infrastructure, as well as integration services. Its services consist of technology consulting, design and engineering, project management, systems integration, systems installation, facilities management, and IT procurement services. The activities are organized into two segments: facilities, and systems integration. It generates the majority of its revenue from Systems integration services. It generates revenue from the United States.

TSS Inc

Bankrupt cryptocurrency exchange&nbsp;FTX has announced plans to begin distributing payments to creditors and customers in early 2025. This follows the approval of its&nbsp;Chapter 11 Plan of Reorganization, which is expected to become effective by January.
What Happened:&nbsp;John Jay Ray III, the CEO of FTX, announced that the company anticipates its&nbsp;Chapter 11 Plan of Reorganization&nbsp;will be effective by January 2025.
Ray expressed satisfaction with the progress, stating, &#8220;We&nbsp;are pleased to announce that&nbsp;we will begin distributing proceeds&nbsp;in early 2025.&#8221;
He emphasized the expertise and ongoing efforts of the professional team supporting the debtors, who have already recovered billions for FTX&#8217;s creditors and customers.
See Also:&nbsp;<a href="https://www.benzinga.com/general/education/24/11/42098422/heres-how-much-100-invested-in-cardano-today-could-be-worth-if-ada-hits-new-all-time-highs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much $100 Invested In Cardano Today Could Be Worth If ADA Hits New All-Time Highs</a>
The announcement follows FTX&#8217;s nearing completion of the final steps required for the reorganization plan.
Payments are expected to be made within 60 days of the plan&#8217;s activation.
&#8220;While&nbsp;we continue to take actions&nbsp;to maximize recoveries, we are&nbsp;full steam ahead to reach&nbsp;arrangements with our distribution agents&nbsp;and return proceeds to creditors&nbsp;and customers as quickly as&nbsp;possible," Ray added.
FTX plans to finalize arrangements&nbsp;with specialized distribution agents by&nbsp;early December. These agents will&nbsp;facilitate the global distribution of recoveries to customers, who will receive instructions to establish approved accounts with these agents.
FTX aims to announce the exact&nbsp;effective date of distribution by&nbsp;the end of next month.
Why It Matters: The announcement marks a pivotal moment in FTX&#8217;s bankruptcy proceedings.
In October, a U.S. bankruptcy judge approved&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41234936/ftx-to-repay-creditors-up-to-16-5b-is-this-bullish-for-bitcoin">FTX's plan</a>&nbsp;to repay creditors up to $16.5 billion, concluding a two-year bankruptcy saga.
This decision came after a series of legal challenges, including a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40248878/ftx-alameda-ordered-to-pay-12-7b-to-creditors-by-u-s-judge">$12.7 billion restitution order</a>&nbsp;in August and a settlement over&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40791711/ftx-moves-to-settle-600m-robinhood-shares-dispute-with-14m-payment-amid-bankruptcy-proceed">Robinhood shares</a>&nbsp;in September.
The approval of the reorganization plan and the upcoming payments are crucial for restoring trust in the crypto ecosystem and providing relief to affected creditors and customers.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42125642/bitcoin-ethereum-dogecoin-prepping-for-an-early-thanksgiving-btc-is-currently-less-than-one-eth-away-from-100000-says-trader?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Prep For Early Thanksgiving: &#8216;BTC Is Currently (Less Than) One ETH Away From $100,000, Says Trader</a></li>
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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

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

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Bankrupt Crypto Exchange FTX To Commence Payments To Customers, Creditors In Early 2025

In a significant development for lunar exploration, Elon Musk-led&nbsp;SpaceX&#8216;s <a href="https://www.benzinga.com/topic/starship">Starship</a> has been chosen by&nbsp;Lunar Outpost&nbsp;to deliver its new moon rover, Eagle, to the lunar surface.
What Happened: This comes after a successful suborbital test flight of the 400-foot-tall Starship from Texas, marking its sixth flight.
&#8220;Having experienced the recent groundbreaking&nbsp;Starship test flight firsthand, we&#8217;re&nbsp;confident that SpaceX is advancing&nbsp;the most capable launch system&nbsp;ever created and will successfully&nbsp;land our Eagle vehicles on&nbsp;the surface of the moon," said Justin Cyrus, founder and CEO of Lunar Outpost.
This contract is a crucial step for Lunar Outpost&#8217;s mission to establish&nbsp;a sustainable human presence in&nbsp;space.
The company is collaborating with Leidos, MDA Space, Goodyear, and General Motors on the Eagle Rover.
The &#8220;Lunar Dawn&#8221; team, including Lunar Outpost, is one of three private groups selected by NASA to develop a version of the Lunar Terrain Vehicle (LTV) for the Artemis program.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/11/42081589/tesla-electric-offers-unlimited-overnight-charging-for-just-5-a-month-as-ev-giant-races-toward-500k-sales-target?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Electric Offers Unlimited Overnight Charging For Just $5 A Month As EV Giant Races Toward 500K Sales Target</a>
SpaceX&#8217;s Starship is also set to launch another LTV rover, FLEX, developed by&nbsp;Venturi Astrolab.
NASA has chosen Starship for its first crewed lunar landing under the <a href="https://www.benzinga.com/news/24/10/41400036/nasa-assigns-2-missions-to-spacex-for-2025-after-boeings-starliner-stranded-astronauts">Artemis 3 mission</a>, scheduled for late 2026.
Why It Matters: The selection of SpaceX&#8217;s Starship for the lunar mission underscores the company&#8217;s growing role in space exploration.
Recently, <a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs">SpaceX unveiled a conceptual image</a> of the Starship Human Landing System (HLS) designed to facilitate the first human landing on the Moon since 1971.
This version of Starship will feature landing legs instead of a heat shield and flaps.
Additionally, Musk has expressed confidence in <a href="https://www.benzinga.com/general/space/24/11/42082169/elon-musk-predicts-tesla-cybertrucks-optimus-robots-will-be-aboard-spacex-starships-to-mars-in-2-years">SpaceX&#8217;s ability to send uncrewed Starships to Mars</a> within two years, potentially carrying&nbsp;Tesla Inc.&nbsp;Cybertrucks and Optimus robots as payloads.
Meanwhile,&nbsp;SpaceX&#8217;s satellite internet division, Starlink, <a href="https://www.benzinga.com/24/11/42082877/spacexs-starlink-enables-realtime-views-of-earth-during-starships-6th-test-flight-could-it-be-the-future-of-space-connectivity">demonstrated real-time Earth views</a> during Starship&#8217;s sixth test flight, showcasing the potential for enhanced space connectivity.
While SpaceX is currently a privately held company, investors can leverage&nbsp;Destiny Tech100 Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NASDAQ">DXYZ</a>) to participate in the Musk-led space company&#8217;s growth. According to data from&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, DXYZ has gained over 366% year-to-date.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: SpaceX

SPACE

Tech

DXYZ

Elon Musk's SpaceX Secures New Moon Mission Contract After Starship's Successful 6th Test Flight

Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>)&nbsp;is gearing up to introduce its budget-friendly ID.2 electric vehicle by the end of 2025, with an SUV version to follow. This move marks a significant step in Volkswagen&#8217;s strategy to expand its electric vehicle lineup.
What Happened: Volkswagen&nbsp;is on schedule to release its budget-friendly ID.2 electric vehicle by late 2025, <a href="https://www.autocar.co.uk/car-news/new-cars/volkswagen-overhaul-entire-electric-car-line-up-2026">reported</a> Autocar. This model is expected to be the most economical in the company&#8217;s lineup, priced under $27,000 (€25,000).
At the LA Auto Show,&nbsp;Volkswagen&#8217;s tech development head,&nbsp;Kai Grünitz, confirmed that the ID.2 will lead a major overhaul of the brand&#8217;s &#8220;ID&#8221; electric car series. Grünitz indicated that significant advancements are anticipated,&nbsp;starting in 2026, with a&nbsp;fresh design approach.
"It's matching 100% to our brand values: it will be stable and likable with our secret sauce—but in a different way," Grünitz said, according to the report.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/11/42081589/tesla-electric-offers-unlimited-overnight-charging-for-just-5-a-month-as-ev-giant-races-toward-500k-sales-target?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Electric Offers Unlimited Overnight Charging For Just $5 A Month As EV Giant Races Toward 500K Sales Target</a>
The&nbsp;ID.2 will be the first&nbsp;vehicle to utilize&nbsp;Volkswagen&#8217;s new MEB Entry Platform. An SUV version is slated for a reveal&nbsp;at the Munich Motor Show&nbsp;in September 2025, with a GTI model also in development.
Grünitz emphasized that the ID.2 will mark a new beginning for&nbsp;Volkswagen, with customers noticing a substantial transformation. The vehicle promises a range of up to 279 miles (450 km) and combines the spaciousness of a Golf with the affordability of a Polo.
Why It Matters:&nbsp;Volkswagen&#8217;s push to launch the ID.2 comes amid a challenging period for the company.
In the third quarter of 2024, the automaker experienced a 10% decline in electric vehicle sales, primarily in the U.S. and Europe, although&nbsp;<a href="https://www.benzinga.com/news/24/10/41307960/volkswagen-ev-sales-drop-10-in-q3-due-to-slowdown-in-us-and-eu-but-china-shines-as-a-bright-spot-wit">China showed a 5% growth</a>. This underscores the importance of the ID.2 as a strategic move to capture a larger market share.
Meanwhile, Volkswagen has been making strategic investments, such as increasing its stake in Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>). Analysts see this as a vital step for both companies, aiding in production and cost efficiency. The collaboration is expected to provide <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41938838/rivians-deal-with-volkswagen-will-help-ev-giant-navigate-the-ship-in-stormy-waters-says-top-analyst-maintains-outperform-rating-with-20-target">capital for future growth</a>, enhancing vehicle offerings and software integration.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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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: Volkswagen

RIVN

VWAGY

Volkswagen's Affordable ID.2 EV Set For 2025 Launch, SUV Variant To Follow: 'Stable And Likable With Our Secret Sauce'

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is set to face a multibillion-dollar lawsuit following the <a href="https://www.benzinga.com/general/social-media/24/06/39259832/metas-legal-battle-over-cambridge-analytica-scandal-heads-to-supreme-court">dismissal of its appeal</a> by the U.S. Supreme Court over the Cambridge Analytica data scandal.
What Happened: The Supreme Court, which heard arguments on Meta's appeal on Nov. 6, gave no explanation for the dismissal.&nbsp;
It only stated that the case was being "dismissed as improvidently granted," <a href="https://www.bloomberg.com/news/articles/2024-11-22/facebook-appeal-over-shareholder-suit-dropped-by-supreme-court?srnd=phx-technology">reported</a> Bloomberg.&nbsp;
This dismissal increases the likelihood of Mark Zuckerberg's Meta facing a costly settlement, potentially as large as $2 billion, according to Bloomberg Intelligence analyst Matthew Schettenhelm.
In a statement, Meta has expressed disappointment and maintained that the plaintiff&#8217;s claims are baseless. "We will continue to defend ourselves as this case is considered by the district court."
See Also: <a href="https://www.benzinga.com/24/11/42053396/why-chinese-tech-giants-alibaba-bytedance-and-meituan-are-expanding-their-ai-footprints-in-silicon-valley-amid-us-efforts-to-block-progress?itm_source=parsely-api">China&#8217;s Tech Giants Alibaba, ByteDance, And Meituan Are Expanding Their Silicon Valley AI Footprints Amid US Efforts To Block Progress</a>
Meta is accused of misleading shareholders about the risks associated with the 2018 Cambridge Analytica scandal, involving the unauthorized use of personal data from over 30 million users.
The shareholders argue that revelations about the breach eventually led to two 2018 price drops that cost the company more than $200 billion in market value.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for a statement.
Why It Matters: Meta faced another legal setback in October when a U.S. District Judge rejected the company's attempt to dismiss claims made in two separate lawsuits filed by U.S. states.
The lawsuits accused <a href="https://www.benzinga.com/news/24/10/41349398/mark-zuckerbergs-meta-to-face-lawsuits-over-teen-social-media-addiction-judge-rejects-dismissal-moti">Meta of contributing to mental health</a> issues among teenagers by making its platforms addictive.
Moreover, shareholder lawsuits have been a common occurrence in the tech industry. For instance, In October Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) agreed to a $433.5 million settlement in a class-action l<a href="https://www.benzinga.com/markets/equities/24/10/41559403/alibaba-agrees-to-433-5m-settlement-in-shareholder-class-action-lawsuit">awsuit filed by its shareholders</a>.
Similarly, Tilray Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) also <a href="https://www.benzinga.com/news/legal/24/11/42015978/shareholder-lawsuit-challenges-tilrays-voting-tactics-for-authorized-share-increase">faced a shareholder lawsuit</a> accusing the company of misleading voting practices.
Currently, the Supreme Court is also reviewing an appeal by <a href="https://www.benzinga.com/news/legal/24/11/41960485/nvidias-crypto-past-returns-to-haunt-as-supreme-court-signals-green-light-for-lawsuit">Nvidia Corporation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which faces a lawsuit alleging it <a href="https://www.benzinga.com/news/legal/24/11/41960485/nvidias-crypto-past-returns-to-haunt-as-supreme-court-signals-green-light-for-lawsuit">misled shareholders about</a> its dependence on crypto-mining revenue ahead of a market crash.
Price Action: Meta&#8217;s shares dropped 0.7% on Friday, ending the day at $559.14. In after-hours trading, the stock gained 0.098%, reaching $559.69 as of this writing, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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</ul>
Photo courtesy: Shutterstock

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BABA

NVDA

TLRY

Meta Faces Multibillion-Dollar Lawsuit As Supreme Court Dismisses Appeal In Cambridge Analytica Data Scandal

The Securities and Exchange Commission or SEC has set a new record in financial penalties, with a significant portion resulting <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40809382/terraform-labs-historic-4-5b-settlement-with-sec-makes-2024-the-most-penalized-year-for-cr">from a settlement with</a> Terraform Labs.
What Happened: The regulator has gathered $8.2 billion in monetary penalties for the fiscal year 2024, marking the highest amount in the agency&#8217;s history.
This figure represents a 67% increase from the $4.9 billion collected in fiscal year 2023.
Despite the record penalty collection, the SEC saw a 26% decline in enforcement actions during the year, with 583 actions taken.
The regulator also barred 124 individuals from serving as officers and directors of public companies, marking the second-highest number in a decade.
See Also: <a href="https://www.benzinga.com/news/global/24/11/42148498/wall-street-rebounds-without-its-ai-darlings-boost-king-dollar-maintains-dominance-while-bitcoin-defies-gravity-this-week-in-the-markets?itm_source=parsely-api">Wall Street Rebounds Without Its AI Darling&#8217;s Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets</a>
Moreover, the SEC returned $345 million to investors who had been impacted, bringing the total amount returned since fiscal year 2021 to over $2.7 billion.
The agency also processed 45,130 tips, complaints, and referrals during the year — a record high — including over 24,000 whistleblower submissions.
Notably, more than 14,000 of those submissions came from just two individuals. The regulator has awarded whistleblowers a total of $255 million.
Why It Matters: The SEC has been cracking down on companies for misleading public disclosures related to cybersecurity risks and breaches.
The record-breaking total was largely influenced by a significant monetary judgment against cryptocurrency company Terraform Labs and its former CEO Do Kwon, following a successful SEC jury trial.
The case was one of the largest securities frauds in U.S. history.
Another notable financial <a href="https://www.benzinga.com/markets/equities/24/01/36649969/morgan-stanley-to-pay-249m-penalty-in-block-trade-case-how-leaks-cost-blackstone-oaktree-million">penalty was a $249 million</a> settlement with Morgan Stanley, resolving SEC charges related to the disclosure of confidential information about large stock sales.
In October, the regulator also <a href="https://www.benzinga.com/government/24/10/41470706/sec-charges-four-companies-over-solarwinds-hacks-issues-millions-in-penalties">charged four major companies</a> over the SolarWinds hacks, issuing millions in penalties.
Earlier this month, JPMorgan Chase &amp; Co. also agreed to <a href="https://www.benzinga.com/news/large-cap/24/11/41685913/jpmorgan-to-pay-investors-151-million-after-sec-flags-various-law-violations">pay investors $151 million</a> following SEC charges for various law violations.
The stringent regulatory approach, particularly towards cryptocurrencies, has been a hallmark of SEC Chair Gary Gensler&#8217;s tenure, who <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">announced that he will step down</a> in January.
During his tenure, the SEC pursued <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40568347/after-binance-and-coinbase-gary-gensler-led-sec-set-to-lock-horns-with-crypto-exchange-kra">several enforcement actions</a> against prominent cryptocurrency firms, including filing lawsuits against Coinbase and Binance for allegedly running unregistered securities exchanges.
In July, President-elect Donald Trump had stated, "I will <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40018935/trumps-bitcoin-conference-pledge-can-he-really-fire-sec-chair-gensler">fire Gary Gensler</a> on day one." His statement was an indication of a possible change in the SEC's stance on digital assets with the new administration.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

SEC Shatters Record With $8.2B In Penalties For 2024, Led by Terraform Labs' Massive Settlement

Eric Jackson, the founder and portfolio manager at EMJ Capital, has shared his thoughts on the potential catalysts that could drive Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) value to $100,000.
What Happened: On Friday, Jackson appeared on CNBC&#8217;s Closing Bell and suggested that the upcoming Thanksgiving holiday, new SEC policies, and global adoption could spark Bitcoin&#8217;s next bull run.
During the interview, Jackson stated, &#8220;I think a lot of people that I talk to say, well, it&#8217;s just going to kiss $100,000 and pull back.&#8221;&nbsp;
Adding, &#8220;But I do think there&#8217;s a chance like that $100,000 milestone could be a rethink for a lot of investors both institutional, sovereign retail, and there are a bunch of catalysts ahead I think.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42052184/will-shiba-inu-coin-reach-1-cent-by-2025-47-of-benzinga-readers-say?itm_source=parsely-api">Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say…</a>
He went on to explain that the new SEC regime and the potential for a strategic reserve could be significant catalysts for Bitcoin.
Jackson also said that the Thanksgiving period often acts as a springboard for bullish crypto periods, rather than a setback.
He concluded by saying, &#8220;I think those names, you know, and the fact that they … there&#8217;s a real structure that&#8217;s going to be coming into place, around crypto and Bitcoin, I think those will be catalysts in and of themselves.&#8221;
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> hitting an all-time high again today on the path to $100K. How much longer can the supportive action continue? <a href="https://twitter.com/ericjackson?ref_src=twsrc%5Etfw">@EricJackson</a> discusses:<a href="https://t.co/Z3PZanYx4F">https://t.co/Z3PZanYx4F</a>
&mdash; CNBC&#39;s Closing Bell (@CNBCClosingBell) <a href="https://twitter.com/CNBCClosingBell/status/1860091069284962733?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Earlier, Galaxy Digital Holdings Ltd. CEO Mike Novogratz warned of a potential pullback due to excessive market leverage, but maintained that Bitcoin <a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">reaching $100,000 is &#8220;inevitable.&#8221;</a>
Meanwhile, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman Michael Saylor has predicted that Bitcoin could hit $13 million by 2045, a valuation that would put Bitcoin's market <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116183/michael-saylor-predicted-bitcoin-to-hit-13-million-if-it-happens-it-will-entail-massive-hyperinflation-analyst-warns">cap at around $250 trillion</a>.
Companies like MicroStrategy, which <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121936/bitcoin-boom-20-microstrategy-gains-traction-as-a-leveraged-bet-on-crypto-growth">owns more than 150,000 Bitcoins</a>, are emerging as key players in this evolving market, effectively operating as a leveraged bet on the cryptocurrency.
In a note to Benzinga, Sumit Gupta, co-founder of CoinDCX, highlighted the surge in <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42135905/bitcoin-nears-100000-momentum-could-continue-well-beyond-the-milestone-experts-note">trading activity as a key driver</a>. He also pointed to developments in the U.S. political landscape as a contributing factor.
The digital asset market has already benefited from the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">incoming administration</a> of President-elect Donald Trump, with many speculating that a potential second term could bring more favorable regulatory policies for crypto.
Gupta added that speculation over SEC Chair Gary Gensler's resignation and the possibility of crypto-friendly leadership has further fueled investor optimism.
Price Action: At the time of writing, Bitcoin was trading at $98,816, up nearly 0.2% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
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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: Pixabay

Analyst Color

$BTC

MSTR

Bitcoin's Road To $100K: Why Thanksgiving, New SEC Policies, And Global Adoption Could Spark The Next Bull Run, According To This Portfolio Manager

President-elect Donald Trump has picked hedge fund executive Scott Bessent as the U.S. Treasury Secretary.
What Happened: Bessent, 62 and founder of Key Square Group, was a leading candidate, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42091821/could-donald-trumps-potential-treasury-secretary-be-out-of-his-depth-on-crypto-policy-polymarket-traders-just-cant-decide-on-a-favorite">competing with</a> former Fed Governor Kevin Warsh and private equity executive Marc Rowan.
While sharing the decision on Friday via his social media platform Truth Social, Trump lauded Bessent as "one of the World's foremost International Investors and Geopolitical and Economic Strategists."
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22205557/Screenshot-2024-11-23-at-7.25.49%E2%80%AFAM-900x1024.png" alt="" class="wp-image-661913" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
See Also: <a href="https://www.benzinga.com/news/legal/24/11/42147981/trumps-hush-money-sentencing-delayed-as-legal-immunity-debate-escalates">Trump&#8217;s Hush Money Sentencing Delayed As Legal Immunity Debate Escalates</a>
Bessent is known for his support of gradual tariffs and deregulation, aligning with Trump&#8217;s economic vision, which includes reviving manufacturing and achieving energy independence.
Despite his previous role as chief investment officer for George Soros' fund, Trump expressed confidence in Bessent&#8217;s ability to improve U.S. competitiveness and address trade imbalances.
Why It Matters: As Treasury Secretary, Bessent will replace outgoing Secretary Janet Yellen, overseeing financial institutions and combating financial crimes at a time when <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42140842/sp-500-faces-volatile-2025-as-inflation-boom-could-return-bank-of-america-strategist">the national debt has ballooned to $36 trillion</a>.
According to <a href="https://www.benzinga.com/government/regulations/24/11/41909846/trumps-treasury-pick-frontrunner-scott-bessent-could-shift-wall-street-crypto">betting markets</a>, Bessent was a frontrunner with an 82% probability of securing the nomination. His appointment could significantly impact Wall Street and the crypto sector.
In October, Bessent assured that a new Trump administration would <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41308042/trump-adviser-defends-ex-presidents-economic-policies-strong-dollar-would-natural">support a strong dollar</a>, countering previous suggestions of a weaker dollar to boost exports.
Despite Elon Musk&#8217;s support for Howard Lutnick, <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump favored Bessent&#8217;s</a> business-as-usual approach.
In July, Bessent gained attention for his optimistic stance on cryptocurrency, suggesting he might support digital assets if confirmed. &#8220;Crypto is about freedom and the crypto economy is here to stay,&#8221; he stated at the time.
The latest 13F filing from Bessent&#8217;s Key Square Group fund shows a highly concentrated portfolio, with equal investments in two banking-focused ETFs: the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) and the SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>), each making up 50% of the fund.
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Disclaimer:&nbsp;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.
Photo courtesy: Shutterstock

Government

Regulations

Politics

Economics

Trump Picks Hedge Fund Exec Scott Bessent As Treasury Secretary: What President-Elect's Choice Means For America's Economic Future

APLMW

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

APLM

UBS analyst Jay Sole maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Sell and raises the price target from $14 to $16.

Price Target

Analyst Ratings

UBS Maintains Sell on Gap, Raises Price Target to $16

UBS analyst Mark Carden maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Buy and raises the price target from $102 to $108.

UBS Maintains Buy on BJ's Wholesale Club, Raises Price Target to $108

UBS analyst Steven Fisher maintains Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) with a Neutral and raises the price target from $404 to $462.

UBS Maintains Neutral on Deere, Raises Price Target to $462

UBS analyst Karl Keirstead maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Neutral and raises the price target from $275 to $360.

UBS Maintains Neutral on Salesforce, Raises Price Target to $360

Jefferies analyst Lloyd Byrne maintains Bloom Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) with a Hold and raises the price target from $12 to $22.

Jefferies Maintains Hold on Bloom Energy, Raises Price Target to $22

Jefferies analyst Jonathan Petersen maintains SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) with a Hold and raises the price target from $70 to $72.

Jefferies Maintains Hold on SL Green Realty, Raises Price Target to $72

Ocean Biomedical, Inc. (NASDAQ: OCEA), today announced that on November 18, 2024, it received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC").
Ocean Biomedical is delayed in filing the Form 10-Q as a result of previously disclosed developments with respect to filing of its 10-K for the year ended December 31, 2023.
The current notice will have no immediate effect on the listing or trading of Ocean Biomedical's common stock on Nasdaq, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the company's common stock. On October 16, 2024, Staff notified the Company that since it failed to timely file its Form 10-K for the year ended December 31, 2023, and its Forms 10-Q for the periods ended March 31, 2024 and June 30, 2024, the Company's securities were subject to delisting. The Company is now delinquent in the filing its form 10-Q for the period ended September 30, 2024. Accordingly, this matter serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market. This is formal notification that the Nasdaq Hearings Panel (the "Panel") will consider this matter in their decision regarding the Company's continued listing on The Nasdaq Capital Market, which hearing is scheduled for December 16, 2024. The Company intends to file the delinquent Forms 10-Q and 10-K as soon as practicable.

OCEA

Ocean Biomedical Announces Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report

DA Davidson analyst Gil Luria maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Neutral and raises the price target from $60 to $70.

PCOR

DA Davidson Maintains Neutral on Procore Technologies, Raises Price Target to $70

Chesapeake Utilities Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) ("Chesapeake Utilities" or the "Company") today announced that it has established an at-the-market equity offering program (the "ATM Program") under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the "Shares"). Chesapeake Utilities has entered into an equity distribution agreement with each of RBC Capital Markets, LLC, Barclays Capital Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann &amp; Co. Inc., Guggenheim Securities, LLC, Citizens JMP Securities, LLC, M&amp;T Securities, Inc., Maxim Group LLC, PNC Capital Markets LLC, and Siebert Williams Shank &amp; Co., LLC (collectively, the "Sales Agents"), as sales agents. Pursuant to the equity distribution agreement, sales of the Shares may be made in transactions deemed to be "at-the-market offerings," as defined in Rule 415 under the Securities Act of 1933, as amended, including by sales made directly on or through the New York Stock Exchange. Chesapeake Utilities intends to use the proceeds from the sales, if any, of the Shares for general corporate purposes, including, but not limited to, financing of capital expenditures, repayment of short-term debt, financing acquisitions, investing in subsidiaries, and general working capital purposes.

Offerings

Chesapeake Utilities Corporation Announces $100M At-The-Market Equity Offering Program

DA Davidson analyst Gil Luria maintains NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Neutral and raises the price target from $90 to $135.

DA Davidson Maintains Neutral on NVIDIA, Raises Price Target to $135

TSS (TSSI) has provided an update. At the Company's annual stockholders' meeting on June 6, 2024, two major proposals were passed. Richard M. Metzl...

TSS Stockholders Elect Director and Approve Accountants

Total Site Solutions names Marrott as COO

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s crucial to strike a balance between stability and growth potential. While the majority of your portfolio should consist of reliable, <a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a>, I believe allocating a small portion to speculative assets can unlock tremendous opportunities.



High-risk, high-reward investments like cryptocurrencies or <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> can turn a modest sum into a life-changing fortune. Of course, caution is very important here. Small-cap stocks are among the only securities that can realistically deliver 100x gains. However, these assets are notoriously volatile and should be treated as lottery tickets rather than long-term holdings.



Finding businesses that have the potential to grow rapidly is important. However, this is also a very difficult task. Regardless, here are three stellar stocks that I believe possess the power to deliver astronomical returns over the next seven years.



<h2>TSS Inc (TSSI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/servers-computers-300x169.jpg" alt="Image of computer servers lined up in a dark room"><div>Source: Gorodenkoff/Shutterstock.com</div></div>TSS, Inc. (OTCMKTS:<a href="https://investorplace.com/stock-quotes/tssi-stock-quote/">TSSI</a>) provides end-to-end technology solutions for data centers. Notably, TSSI stock has been a big winner of late. The company&rsquo;s stock price has skyrocketed nearly 1,000% in the past six months.



I believe TSS is poised for huge success in the coming years. Why? Well, the company reported impressive Q1 2024 results, with <a href="https://finance.yahoo.com/news/tss-inc-reports-first-quarter-200000436.html" target="_blank">revenue surging 142% to $15.9 million</a>. Operating income swung to a profit of $253,000 from a $665,000 loss a year ago. Additionally, adjusted EBITDA also improved by 209% to $475,000.



TSS is capitalizing on the booming demand for AI computing infrastructure. Rack integration orders that used to be in the tens are now in the hundreds. Indeed, it&rsquo;s clear the company is looking to aggressively expand production capacity by up to 10x to meet this unprecedented demand.



Now, this is truly a small-cap stock, with a current market capitalization of just $75 million. However, I think this valuation leaves plenty of room for upside if data centers keep booming and the company keeps landing contracts.



<h2>Airship AI Holdings (AISP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/ai1600-300x169.jpg" alt="mark stock"><div>Source: Shutterstock</div></div>Airship AI Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/aisp-stock-quote/">AISP</a>) specializes in AI-powered surveillance solutions for government and commercial clients. I see the potential for this company to take off, given the growing demand for advanced security tech. Recently, the Department of Justice awarded the company with a major multi-year contract, which is a promising sign. Airship AI also secured a deal with a Singapore government agency.



The company is still unprofitable. This past quarter, the company posted an <a href="https://finance.yahoo.com/news/airship-ai-reports-first-quarter-123100882.html" target="_blank">operating loss of $1.4 million</a>. However, analysts expect sales growth this year, likely boosted by these new contracts. The stock has been volatile, currently trading around $3.78 with a 52-week range of $1.34 to $14.32.



Getting added to the Russell 3000 in June was another positive development. Plus, Roth Capital <a href="https://www.investing.com/news/company-news/article-93CH-3447452" target="_blank">initiated</a> coverage with a buy rating, citing a $120+ million opportunity pipeline. The price target is at $12.



If Airship AI keeps landing big government and military contracts, I wouldn&rsquo;t be surprised to see this stock soar in the coming years. Indeed, this is a small company in a hot sector to keep on your radar.



<h2>Red Cat Holdings (RCAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/drone-flight-300x169.jpg" alt="Drone flying over landscape representing uvas stock"><div>Source: Rocksweeper / Shutterstock.com</div></div>Red Cat Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/rcat-stock-quote/">RCAT</a>) is a small drone company that provides unmanned aerial systems to the U.S. military, government agencies, and allies. I believe this stock has tremendous potential as Western countries modernize their defense capabilities, taking lessons from the war in Ukraine. Small drones have proven essential on the modern battlefield for reconnaissance and precision strikes.



Red Cat&rsquo;s flagship Teal 2 drone, launched in early 2024, generated impressive <a href="https://www.stocktitan.net/news/RCAT/red-cat-holdings-reports-financial-results-for-fiscal-third-quarter-s5p0sgbymols.html" target="_blank">revenue growth of 250% year-over-year to $5.8 million</a> in the latest quarter. Impressively, analysts have a moderate buy consensus on the stock with a bullish <a href="https://www.tipranks.com/stocks/rcat/forecast" target="_blank">$4 average price target</a>, implying over 130% upside. Moving forward, I think the company is well-positioned to benefit from the Pentagon&rsquo;s Replicator initiative to field thousands of low-cost drones.



I&rsquo;ve covered this stock multiple times before the recent surge. However, at current levels, I still think this stock is a solid buy. As of writing, the company carries a market cap of just $130 million. Red Cat is one of the only pure-play small drone stocks available to public investors. Federal tailwinds like the American Security Drone Act should provide a major boost. Indeed, as Red Cat scales production and adds high-margin software, I expect profitability to improve.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-stellar-stocks-that-could-turn-1k-into-10k-by-2030/">3 Stellar Stocks That Could Turn $1K into $10K by 2030</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stellar Stocks That Could Turn $1K into $10K by 2030

Pernas Research Q2 2024 Investment Letter

TSS, Inc. (TSSI) Q2 2024 Earnings Call Transcript

TSS GAAP EPS of $0.06, revenue of $12.2M

TSS: Great Company, But Q2 Euphoria Not Sustainable

An announcement from TSS ( ($TSSI) ) is now available. Michael Fahy has joined TSS, Inc. as an independent director, bringing extensive leadership ...

TSS Appoints Michael Fahy, Eyes Global Growth and AI Leadership

TSS GAAP EPS of $0.10, revenue of $70.1M

TSS, Inc. (TSSI) Q3 2024 Earnings Call Transcript

AISP

BURBY

RCAT

RELY

TSSI

XMTR

Earnings

Press Releases

TSS, Inc. Reports Strong Second Quarter 2024 Results

TSS, Inc. (OTCQB: TSSI) Hires Hayden IR, Expanding Investor Relations Efforts and Strengthening its Team to Support Continued Growth in Revenue, Earnings, and Cash Flow

TSS, Inc. to Present at the iAccess Alpha Virtual Investor Conference on September 24, 2024 at 10:30am ET

TSS, Inc. Announces Appointment of Industry Veteran Michael Fahy as an Independent Director to Its Board

Events

TSS, Inc. to Present at LD Micro Main Event XVII

TSS, Inc, Relocating and Expanding Factory to Address Accelerating Demand for AI-Enabled Technologies

TSS, Inc. to Report Third Quarter 2024 Results on Thursday, November 14, 2024

TSS, Inc. to Attend the 15th Annual Craig-Hallum Alpha Select Conference

TSS, Inc. Announces Uplisting to The Nasdaq Capital Market

TSS, INC. Reports Third Quarter Revenue of $70.1 Million, Up 689%

Accenture plc Class A Ordinary Shares (Ireland)

Accenture

ASGN

Alpha Technology Group Limited - Ordinary Shares

Alpha Technology Group

BigBear.ai Hldgs

CI&T

Cognizant Technology Solutions Corporation - Class A Common Stock

Cognizant Tech Solns

Endava plc American Depositary Shares (each representing one Class A Ordinary Share)

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