Ultime notizie per Tapestry (NYSE:TPR) Azioni

Tapestry

Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (64% of fiscal 2024 sales), Europe, Asia (29% of fiscal 2024 sales), and elsewhere. Coach (76% of fiscal 2024 sales) is best known for affordable luxury leather products. Kate Spade (20% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2024. Stuart Weitzman (4% of sales) generates virtually all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.

Tapestry Inc

Topre Corp

Aris Mining Corp

TRAVIS PERKINS S/ADR by Travis Perkins Plc

Travis Perkins PLC

TOWER PROPERTIES CO NEW by Tower Properties Company

Tower Properties Co

Aris Mining Corp Warrants (30/04/2024)

John Paulson, a billionaire investor and a close ally of former President Donald Trump, has revealed his plans to work with Elon Musk on substantial federal spending cuts if he were to be appointed <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41148843/much-wow-how-elon-musk-went-from-promising-to-eat-a-happy-meal-if-mcdonalds-adopts-dogecoi">Treasury secretary in a second Trump administration</a>.
What Happened: Paulson expressed his intentions to extend Trump&#8217;s 2017 tax cuts and collaborate with Musk to reduce federal spending, particularly by eliminating subsidies for green energy in the Inflation Reduction Act, which he referred to as the Green New Deal, <a href="https://www.wsj.com/politics/elections/john-paulson-trump-treasury-secretary-elon-musk-c619ef9f?mod=hp_lead_pos1">reported</a> The Wall Street Journal on Tuesday.
"All of these tax subsidies for solar, for wind, inefficient, uneconomic energy sources. Eliminate that. That brings down spending," Paulson said.
Paulson, 68, has been a close associate of Trump for over a decade. His views are highly regarded due to his close ties with the former president and his extensive involvement in GOP politics. 
Paulson has donated to Republican political operations such as the Senate Leadership Fund and is a trustee of the Manhattan Institute, a conservative-leaning think tank.
In the interview, Paulson also suggested that his potential responsibilities could extend to energy and trade. He indicated that he would work with Trump to promote energy production and implement strategic tariffs.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41596454/tesla-bull-says-elon-musk-led-ev-giant-is-no-longer-seen-as-an-auto-company-by-inve?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Bull Says Elon Musk-Led EV Giant Is No Longer Seen As An Auto Company By Investors</a>
Why It Matters: Musk has floated the idea of a &#8220;Department of Government Efficiency,&#8221; or D.O.G.E., which aims to streamline federal spending by <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41395354/elon-musk-touts-doge-agency-while-endorsing-trump-during-pennsylvania-town-hall-dogecoin-g">overseeing various agencies</a>. Musk has emphasized the need to reduce the number of federal agencies, which he claims number around 438.
During a Trump rally in New York, Musk was introduced as the &#8220;co-founder of the Department of Government Efficiency,&#8221; further highlighting his <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41586632/dogecoin-skyrockets-9-after-elon-musk-gets-doge-introduction-at-trump-rally-in-new-york">involvement in this initiative</a>. The idea has gained traction, especially among supporters of the Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) community, with Musk&#8217;s references to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41148843/much-wow-how-elon-musk-went-from-promising-to-eat-a-happy-meal-if-mcdonalds-adopts-dogecoi">the cryptocurrency meme</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41559160/elon-musks-2-9k-offer-rejected-by-sec-agency-requests-judge-to-sanction-billionaire-over-missed-depo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s $2.9K Offer Rejected By SEC, Agency Requests Judge To Sanction Billionaire Over Missed Depositions</a></li>
</ul>
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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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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

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Politics

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$DOGE

Trump's Billionaire Ally Plans To Join Elon Musk's DOGE If Named Treasury Secretary, Recommends Elimination Of These Subsidies

Piper Sandler analyst Arvind Ramnani maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Overweight and raises the price target from $319 to $322.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Visa, Raises Price Target to $322

Whether you&#8217;re in a meeting, at the movies, or just need a little peace, knowing how to quickly silence your iPhone can be a lifesaver. Apple Inc. provides a couple of straightforward ways to keep your phone quiet.
Let's explore how to use Silent Mode, customize settings, and leverage Do Not Disturb for a distraction-free experience.
Silent Mode: Flip The Switch Or Press The Button
On iPhones with a Ring/Silent Switch (like most iPhone models): Flip the switch on the left side of your iPhone toward the back of the device. When it's in Silent Mode, you'll see a small orange stripe on the switch. Flip it back toward the front of the phone to enable sounds again.
On Newer Models With The Action Button (like the iPhone 15 Pro and newer): Apple has added the customizable "Action button".&nbsp;
Go to Settings &gt; Sounds &amp; Haptics and assign the Action button to toggle Silent Mode on or off. This Action button can also be customized for other features, like launching the camera or activating shortcuts, so it's worth exploring more in Settings.
Note: Even in Silent Mode, some sounds — like alarms, audio from apps, and emergency alerts — will still play.
See Also: <a href="https://www.benzinga.com/news/24/10/41593651/how-to-unlock-apple-intelligence-on-your-iphone-with-ios-18-1">How To Unlock Apple Intelligence On Your iPhone With iOS 18.1</a>
Using Do Not Disturb For Temporary Silence
Step I: Swipe down from the upper-right corner of the screen (or up from the bottom on older models) to access the Control Center.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="472" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30045558/IMG_4868-472x1024.jpg" alt="" class="wp-image-621155" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30045558/IMG_4868-472x1024.jpg 472w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30045558/IMG_4868-138x300.jpg 138w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30045558/IMG_4868.jpg 498w" sizes="(max-width: 472px) 100vw, 472px" /></figure>
Step II: Tap "Focus," then select &#8220;Do Not Disturb.&#8221; Once it's enabled, all notifications, calls, and alerts will be muted. A small moon icon will appear in the status bar, indicating Do Not Disturb is on.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="472" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30045626/IMG_4867-472x1024.jpg" alt="" class="wp-image-621156" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30045626/IMG_4867-472x1024.jpg 472w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30045626/IMG_4867-138x300.jpg 138w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30045626/IMG_4867.jpg 498w" sizes="(max-width: 472px) 100vw, 472px" /></figure>
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Customize Do Not Disturb: To set specific people or apps that can still notify you if needed — Go to Settings &gt; Focus &gt; Do Not Disturb.
This is helpful if you're waiting for an important message but don't want to be interrupted by everything else.
Tips And Tricks For Effective iPhone Silence
Focus Modes For Different Scenarios: Customize Focus modes, like "Work," "Sleep," or "Personal," to create tailored notification settings for each situation.
Automatic Scheduling: Users can also set specific times for Do Not Disturb, like during meetings or sleep hours, for hands-free peace of mind.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it" target="_blank" rel="noreferrer noopener">iOS 18 Includes Apple's New Passwords App with End-to-End Encryption: Here's How You Use It</a></li>
</ul>
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: Unsplash

Tech

How To Mute Your iPhone: Quick Tips To Silence Your Device Quickly

Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) reported quarterly earnings of $9.90 per share which beat the analyst consensus estimate of $9.87 by 0.3 percent. The company reported quarterly sales of $5.221 billion which beat the analyst consensus estimate of $5.067 billion by 3.04 percent. This is a 10.97 percent increase over sales of $4.705 billion the same period last year.

Earnings

Earnings Beats

Group 1 Automotive Q3 2024 Adj. EPS $9.90 Beats $9.87 Estimate, Sales $5.221B Beat $5.067B Estimate

Macro Economic Events

Econ #s

Economics

Germany Gross Domestic Product (YoY) Preliminary For Q3 -0.2% Vs. -0.3% Est.; 0.0% Prior

Germany Gross Domestic Product (QoQ) Preliminary For Q3 0.2% Vs. -0.1% Est.; -0.1% Prior

Eli Lilly And Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) experienced a 1.37% increase in pre-market trading on Wednesday, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a> This uptick occurs as the company gears up to announce its third-quarter earnings. Wall Street analysts are forecasting earnings per share of $1.45 and revenues of $12.1 billion.
What Happened: Eli Lilly has established itself as a significant player in the weight loss drug market, with its products Mounjaro and Zepbound generating over $4 billion in the last quarter.
The stock has seen remarkable growth, surging 58.31% over the past year and 51.23% year-to-date, with shares nearing $900. This increase from around $250 two years ago has led to speculation about a<a href="https://www.benzinga.com/general/biotech/24/10/41604706/eli-lilly-q3-earnings-on-deck-stock-split-rumors-heat-up-with-weight-loss-gains"> potential stock split</a>, which could make shares more accessible to a broader range of investors. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41615810/bitcoin-hovers-around-new-all-time-high-ethereum-dogecoin-surge-as-crypto-market-in-turbo-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Hovers Around New All-Time High, Ethereum, Dogecoin Surge As Crypto Market In Turbo Mode: Top Analyst Says, &#8216;History In The Making&#8217;</a>
Why It Matters: Eli Lilly is on the verge of becoming the <a href="https://www.benzinga.com/general/biotech/24/10/41137681/eli-lilly-nears-first-trillion-pharma-title-but-investors-caution-amid-sky-high-valuation">first trillion-dollar pharmaceutical company</a>, driven by the success of its weight loss drugs. The company&#8217;s market cap was $796.4 billion, with an enterprise value of $821.9 billion as of early October. The stock has nearly doubled since May 2022, outperforming both the S&amp;P 500 and NASDAQ following FDA approval for Mounjaro as a treatment for type 2 diabetes.
Additionally, Eli Lilly has intensified its <a href="https://www.benzinga.com/general/biotech/24/10/41275991/eli-lilly-issues-cease-and-desist-letters-to-compounders-over-weight-loss-drug-copies-as-shortage">legal efforts against compounders</a> producing unauthorized copies of its weight loss drugs. The FDA recently declared the shortage of Eli Lilly&#8217;s tirzepatide injection resolved, reminding compounders of legal restrictions on replicating FDA-approved medications. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41590829/ford-amd-trump-media-microstrategy-and-tesla-why-these-5-stocks-are-on-investors-radars-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">F, AMD, DJT, MSTR, TSLA: Top 5 Trending Stocks Today</a></li>
</ul>
Image via Shutterstock
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/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Pre-Market Outlook

General

Zepbound, Mounjaro Maker Eli Lilly Climbs In Wednesday Pre-Market As Impressive 51% YTD Gain Sparks Stock Split Speculation

Germany Unemployment Rate For October 6.1% Vs. 6.1% Est.; 6.0% Prior

Germany Unemployment Change For October 27K Vs. 15K Est.; 17K Prior

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) will release earnings results for its first quarter, after the <a href="https://www.benzinga.com/quote/MSFT/earnings">closing bell on Wednesday, Oct. 30.</a>
Analysts expect the Redmond, Washington-based company to report quarterly earnings at $3.1 per share, up from $2.73 per share in the year-ago period. Microsoft projects to report revenue of $64.51 billion for the quarter, compared to $49.66 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Microsoft recently accused Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google of orchestrating covert lobbying campaigns designed to undermine its cloud computing business while deflecting attention from its regulatory challenges.
Microsoft shares gained 1.3% to close at $431.95 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/57fdefd3ac6af40001334e3e/joel-fishbein">Truist Securities analyst Joel Fishbein</a> maintained a Buy rating with a price target of $600 on Oct. 28. This analyst has an accuracy rate of 73%.</li>
<li>Bernstein analyst Mark Moerdler maintained an Outperform rating and cut the price target from $501 to $500 on Oct. 25. This analyst has an accuracy rate of 71%.</li>
<li>Citigroup analyst Tyler Radke maintained a Buy rating and cut the price target from $500 to $497 on Oct. 23. This analyst has an accuracy rate of 69%.</li>
<li>Keybanc analyst Jackson Ader maintained an Overweight rating and raised the price target from $490 to $505 on Oct. 18. This analyst has an accuracy rate of 64%.</li>
<li>Piper Sandler analyst Brent Bracelin maintained an Overweight rating and cut the price target from $485 to $470 on Oct. 18. This analyst has an accuracy rate of 74%.</li>
</ul>
Considering buying MSFT stock? Here&#8217;s what analysts think:
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41599928/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-for-october">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio For October</a></li>
</ul>

GOOG

GOOGL

MSFT

Microsoft Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

<a href="https://www.benzinga.com/topic/waymo">Robotaxi operator Waymo</a> is now serving over 150,000 paid rides every week, 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>) CEO Sundar Pichai said on Tuesday.
What Happened: In the second half of August, Waymo co-CEO&nbsp;Tekedra Mawakana&nbsp;revealed that the company is now providing over <a href="https://www.benzinga.com/news/24/08/40479370/tesla-robotaxi-rival-waymo-witnesses-rapid-expansion-in-its-weekly-paid-rides-doubling-to-100k-in-3">100,000 paid robotaxi rides every week</a>, implying that the company has added 50,000 rides per week in just about two months. 
&#8220;Through its expanded network and operations partnership with Uber in Austin and Atlanta, plus a new multiyear partnership with Hyundai, Waymo will bring fully autonomous driving to more people and places,&#8221; Pichai said. &#8220;Waymo is now a clear technical leader within the autonomous vehicle industry and creating a growing commercial opportunity.&#8221;
The autonomous ride-hailing company is now planning to increase its geographic coverage while also increasing customers in existing markets, Chief Business Officer Philipp Schindler said.
<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">Waymo One is now providing over 150,000 paid trips and driving over 1 million fully autonomous miles every week. The future is here, it's growing, and it's taking riders safely to their destinations every day. <a href="https://t.co/NZYeT72l7u">pic.twitter.com/NZYeT72l7u</a>
&mdash; Waymo (@Waymo) <a href="https://twitter.com/Waymo/status/1851365483972538407?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Waymo currently operates its robotaxis in Phoenix, San Francisco, and Los Angeles. 
The company also plans to operate its robotaxis in Austin and Atlanta starting in 2025 as part of its <a href="https://www.benzinga.com/markets/equities/24/09/40855784/uber-stock-spikes-as-ceo-praises-waymos-fully-autonomous-trips">partnership with Uber</a>.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">Cathie Wood&#8217;s Ark Invest Sees Tesla Unlocking $11 Trillion Revenue Potential With Robotaxi Fleet, Eclipsing Uber And Lyft</a>
Why It Matters: Last week, Waymo said that it closed an oversubscribed<a href="https://www.benzinga.com/news/24/10/41567166/waymo-closes-5-6b-investment-round-to-expand-robotaxi-operations"> investment round of $5.6 billion</a> led by its parent&nbsp;Alphabet to expand its robotaxi service in San Francisco, Phoenix, and Los Angeles.
Andreessen Horowitz, Fidelity, Perry Creek,&nbsp; Silver Lake, Tiger Global, and T. Rowe Price participated in the investment round, the company said.
In July, Alphabet also committed&nbsp;to a multiyear&nbsp;<a href="https://www.benzinga.com/news/24/07/39924838/alphabet-commits-to-another-5b-investment-in-waymo-tesla-ceo-elon-musk-takes-jibe-at-cash-burn-in-un" target="_blank" rel="noreferrer noopener">investment of $5 billion into Waymo</a>&nbsp;to help the company "continue to build the world's leading autonomous driving technology company."
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>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41617327/lucid-to-start-taking-orders-for-gravity-suv-next-week-but-only-for-premium-variant-priced-at-about" target="_blank" rel="noreferrer noopener">Lucid To Start Taking Orders for Gravity SUV Next Week, But Only For Premium Variant Priced At About $95,000</a></li>
</ul>
Photo courtesy: Waymo

Alphabet's Waymo Serving Over 150,000 Paid Robotaxi Rides Every Week Now, Surging 50% In 2 Months

Fuchs Petrolub (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUPBY#OTC">FUPBY</a>) reported quarterly earnings of $0.17 per share. This is a 6.25 percent increase over earnings of $0.16 per share from the same period last year. The company reported $991.39 million in sales this quarter. This is a 3.98 percent increase over sales of $953.48 million the same period last year.

FUPBY

Fuchs Petrolub Q3 EPS $0.17 Up From $0.16 YoY, Sales $991.39M Up From $953.48M YoY

Guidance and outlooks, assumptions and cautionary statements 2024 Guidance&nbsp;
GSK confirms its full-year sales, core profit and EPS guidance at constant exchange rates (CER) and expects to deliver broadly around the middle of the existing ranges.&nbsp;
Turnover is expected to increase between 7 to 9 per cent. Core operating profit is expected to increase between 11 to 13 per cent and Core Earnings per share is expected to increase between 10 to 12 per cent.&nbsp;
The Group revises turnover expectations for Vaccines to a decrease of low-single digit per cent, for Specialty Medicines to an increase of high teens per cent and for General Medicines to an increase of mid-single digit per cent.&nbsp;
This guidance is provided at CER and excludes any contribution from COVID-19 related solutions

Guidance

GSK Reaffirms Its 2024 Outlook, Sees Turnover Growth Of 7%-9%, With Core Operating Profit Growth Of 11%-13%, And Core EPS Growth Of 10%-12%

GSK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $1.23 by 4.88 percent. This is a 1.57 percent increase over earnings of $1.27 per share from the same period last year. The company reported quarterly sales of $10.418 billion which missed the analyst consensus estimate of $10.781 billion by 3.37 percent. This is a 1.49 percent increase over sales of $10.265 billion the same period last year.

Earnings Misses

GSK Q3 2024 Adj. EPS $1.29 Beats $1.23 Estimate, Sales $10.418B Miss $10.781B Estimate

In a landmark development, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining operations are set to heat one of the coldest regions on Earth.
What happened: Sazmining, a Bitcoin mining firm that connects individual retail miners with renewable energy-powered facilities, said in a press release that the new site would come up in Norway, just above the Arctic Circle.
The mining site would be hydro-powered, and the heat generated from the process would be repurposed to warm up buildings, replacing oil-fired boilers with high carbon footprints.
Additionally, the excess heat would be supplied to local industries, such as the drying of cod fish, helping the residents save on energy costs.
"We&#8217;re proving that Bitcoin mining can deliver true value for value. By integrating nearly 100% carbon-free energy and repurposing mining heat for local industries, we&#8217;re creating a win-win for everyone," Sazmining CEO Kent Halliburton said.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41508060/satoshi-nakamoto-identity-prediction-market-appears-more-volatile-than-bitcoin-sassaman-de">Satoshi Nakamoto Identity Prediction Market Appears More Volatile Than Bitcoin</a>
Why It Matters: Bitcoin mining sites are large data centers that run on massive amounts of electricity, helping to keep the network secure and pushing more Bitcoins into circulation.
Heat is one of the biggest by-products of the process. As such, repurposing this excess heat could be a lucrative business opportunity, especially in areas with extremely cold climates.
Bitcoin mining also plays an important role in Texas, the Bitcoin mining hub of the U.S.&nbsp;
Minere here help in <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34368164/bitcoin-miners-hit-pause-in-texas-as-energy-crisis-stalls-operations">stabilizing the state's power </a>grid by powering up their operations when there is an excess capacity of electricity while drastically lowering the when the state requires more usage during extreme weather conditions.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41584282/emory-university-follows-tesla-block-and-paypal-with-16m-bitcoin-investment">Emory University Follows Tesla, Block And PayPal With $16M Bitcoin Investment</a></li>
</ul>
Photo courtesy: Unsplash

$BTC

Bitcoin Mining Near Polar Bears? New Initiative In Arctic Will Supply Excess Heat To Local Industries To Save Energy Costs

Enzo Biochem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENZ#NYSE">ENZ</a>) reported quarterly losses of $(0.01) per share. The company reported $7.53 million in sales this quarter.

Enzo Biochem Q4 EPS $(0.01), Sales $7.53M; Cash $52.4M

Following an extensive review of a range of alternatives led by the Board of Directors, Oportun has entered into a Credit Agreement to refinance its existing corporate financing facility with a new $235 million Senior Secured Term Loan ("Term Loan"). The refinancing will improve Oportun's operational and balance sheet flexibility with covenants that reflect the performance improvements made by the Company to date, including the agreement to sell the Company's credit card portfolio, and reward accretive actions and cash flow generation. The Term Loan will be provided by two firms (the "Lenders"), funds managed by Castlelake L.P., a global alternative investment manager specializing in asset-based private credit that led the refinancing, and funds managed by Neuberger Berman, a private employee-owned investment manager. The Term Loan will carry a 15% fixed rate and mature in November 2028.

OPRT

Reported Earlier, Oportun Enhances Capital Structure With $235M Term Loan To Strengthen Profitability And Balance Sheet Flexibility

VERA

Reported Earlier, Vera Therapeutics Prices $300M Public Offering Of 7,142,858 Class A Common Shares At $42/Share

Delek Logistics Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) ("Delek Logistics") today declared its quarterly cash distribution for the third quarter 2024 of $1.10 per common limited partner unit, or $4.40 per common limited partner unit on an annualized basis. The third quarter 2024 cash distribution is payable on November 14, 2024, to unitholders of record on November 8, 2024.

Dividends

Reported Earlier, Delek Logistics Partners Increased Its Quarterly Cash Distribution To $1.10 Per Unit From $1.09 In Prior Quarter, Payable November 14

PRCT

Reported Earlier, PROCEPT BioRobotics Prices $175M Public Offering Of 1,923,076 Common Shares At $91/Share

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: A U.S. judge has blocked the proposed ...

Judge blocks Tapestry-Capri deal, Centene reports Q3 beat: Morning Buzz

Vizio falls amid Capri deal block; new short idea at Hedgeye

US benchmark equity averages rose on Friday as the market ended a three-day losing streak.

S&P 500, Nasdaq Rise Sharply Ending 3-Day Losing Streak; Viking Therapeutics Surge, While Capri's Shares Slump

J.P. Morgan analyst Matthew Boss maintained a Buy rating on Tapestry (TPR – Research Report) yesterday and set a price target of $66.00. The compan...

J.P. Morgan Remains a Buy on Tapestry (TPR)

Trending stocks this week as market rally ends

Telsey named the following stocks as the best positioned for the holidays in each sector: adidas (ADDYY) and Dick's Sporting Goods (DKS) best posit...

Telsey names its Holiday 2024 Top Picks

TD Cowen downgraded Tapestry (TPR) to Hold from Buy with an unchanged price target of $52. The firm cites valuation for the downgrade as the stock ...

TD downgrades Tapestry to Hold on valuation, lack of upside

TD Cowen downgraded Tapestry (TPR) to Hold from Buy with an unchanged price target of $52. The firm cites valuation for the downgrade with the shar...

Tapestry downgraded to Hold from Buy at TD Cowen

Capri Holdings: Why I'm Not Buying After Sell-Off (Downgrade)

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

Trade Desk downgraded, First Solar upgraded: Wall Street's top analyst calls

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Press Releases

Capri Holdings Limited Issues Statement on FTC Action Seeking to Block Proposed Transaction with Tapestry, Inc.

Tapestry, Inc. to Host FY24 Third Quarter Earnings Call

Tapestry, Inc. Delivers Q3 Earnings Ahead of Expectations

Noam Paransky, Chief Omni and Innovation Officer at Tapestry, Joins ThredUp's Board

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