Aimfinity Investment Stock (NASDAQ: AIMAU)

Latest news for Aimfinity Investment (NASDAQ:AIMAU) Stock

Aimfinity Investment Corp I is a blank check company. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses.

Units (1 Ord Class A , 1 Class 1 War & 1/2 Class 2 War

Aimfinity Investment Corp I

In the week leading up to June 12, U.S. equity funds witnessed their largest weekly outflow in 18 months. This comes as investors tread carefully in anticipation of the Federal Reserve&#8217;s policy decision.
What Happened: Data from LSEG reveals that investors pulled out a net $21.93 billion from U.S. equity funds during the week, the biggest weekly net disposal since mid-December 2022.
Despite the Federal Reserve&#8217;s decision to maintain interest rates, the S&amp;P 500 and the Nasdaq Composite continued to reach record closing highs for the third consecutive session. This was bolstered by data indicating a deceleration in inflation, reported Reuters.
See Also: <a href="https://www.benzinga.com/news/24/06/39346549/trump-vs-biden-latest-poll-results-in-key-state-of-virginia-spells-trouble-for-one-candidate-and-his?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Latest Poll Results In Key State Of Virginia Spells Trouble For One Candidate And His Pa</a>
Large-cap equity funds were the most affected, experiencing outflows of $14.94 billion, the largest weekly outflow since Dec. 21, 2022. Multi-cap, mid-cap, and small-cap funds also faced net withdrawals of $2.37 billion, $1.43 billion and $816 million, respectively.
In contrast, investors directed their attention towards U.S. bond and money market funds, pouring in $1.72 billion and $20 billion, respectively. U.S. sector-specific equity funds experienced a second straight week of inflows, accumulating approximately $1.85 billion, with the majority, $1.8 billion, being invested in the technology sector.
U.S. bond funds experienced a net inflow of $4.82 billion, continuing their positive trend for the second week in a row. General domestic taxable fixed income funds in the U.S. attracted $2.44 billion, the largest amount in five weeks. Additionally, short/intermediate investment-grade funds and loan participation funds saw inflows of $841 million and $546 million, respectively.
Why It Matters: The significant outflows from U.S. equity funds highlight investor caution ahead of the Federal Reserve&#8217;s policy decision. 
Despite the decision to keep interest rates unchanged, investors are showing a preference for safer investment vehicles like bond funds and money market funds. 
This shift in investor behavior could potentially impact the performance of equity markets in the coming weeks.
Read Next: <a href="https://www.benzinga.com/news/24/06/39285670/elon-musk-agrees-with-nvidia-ceo-jensen-huangs-unconventional-management-style-no-scheduled-1-on-1-m?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees With Nvidia CEO Jensen Huang&#8217;s Unconventional Management Style: No Scheduled 1-On-1 Meet</a>
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: Shutterstock

News

Unprecedented $21.93B Withdrawn From US Equity Funds Ahead Of Fed Decision

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) lost 15.22% last week after multiple analysts <a href="https://www.benzinga.com/quote/celh/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered their price forecasts</a> for the stock.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) shares tumbled 12.59% after the company lowered its 2024 group production guidance due to the impact of weather <a href="https://www.benzinga.com//node/39317613" target="_blank" rel="noreferrer noopener">events on the Salares Norte project</a>.</li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) shares decreased 13.63% after it was announced that the proposed <a href="https://www.benzinga.com//node/39319277" target="_blank" rel="noreferrer noopener">transaction with Skydance is not moving forward</a>.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) shares declined 11.71% after Liberty Global on Thursday announced intentions to acquire <a href="https://www.benzinga.com//node/39318490" target="_blank" rel="noreferrer noopener">the company&#8217;s stake in Formula E</a>.</li>
<li>PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) shares fell 9.16% on news competitor Affirm&#8217;s payment products are expected to be available to <a href="https://www.benzinga.com//node/39295963" target="_blank" rel="noreferrer noopener">Apple Pay users in the US later this year</a>.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares were down 7.66%.</li>
<li>Orange SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORAN#NYSE">ORAN</a>) stock lost 7.66% in the last week.</li>
<li>Nutrien Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTR#NYSE">NTR</a>) stock fell 7.14% after Piper Sandler maintained an Underweight rating and <a href="https://www.benzinga.com/quote/ntr/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered its price target from $56 to $55</a>.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares fell 7.51%.</li>
<li>Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) stock decreased 7.51%.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares declined 5.88% after the company announced a proposed private institutional offering of $500 million in convertible <a href="https://www.benzinga.com//node/39335806" target="_blank" rel="noreferrer noopener">senior notes to acquire additional Bitcoin</a>.</li>
</ol>
<ol></ol>
Also Read: <a href="https://www.benzinga.com/news/24/06/39348307/apple-and-broadcom-were-among-10-large-cap-stocks-with-biggest-gains-in-the-last-week-june-9-june-15">Apple And Broadcom Were Among 10 Large Cap Stocks With Biggest Gains In The Last Week (June 9-June 15, 2024): Are They In Your Portfolio?</a>
Photo via Shutterstock

Movers

CELH

MBLY

MSTR

ORAN

PARAA

PYPL

Celsius And PayPal Were Among The 10 Biggest Large Cap Losers Last Week (June 9-June 15): Are These In Your Portfolio?

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares jumped 23.07% after the company reported&nbsp;upbeat <a href="https://www.benzinga.com//node/39318464" target="_blank" rel="noreferrer noopener">results for its fiscal&nbsp;second quarter</a>. Many analysts <a href="https://www.benzinga.com/quote/avgo/analyst-ratings" target="_blank" rel="noreferrer noopener">raised the price forecast on the stock</a>.</li>
<li>Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) jumped 17.14% on the report that the company will join the Nasdaq-100 Index <a href="https://www.benzinga.com//node/39324969" target="_blank" rel="noreferrer noopener">starting June 24, 2024</a>.</li>
<li>Caseys General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) shares escalated 13.99% after the company reported better than expected&nbsp;Q4&nbsp;financial results and <a href="https://www.benzinga.com//node/39289435" target="_blank" rel="noreferrer noopener">increased its quarterly dividend</a>. Many analysts <a href="https://www.benzinga.com//node/39310541" target="_blank" rel="noreferrer noopener">boosted their price forecast</a> on the stock.</li>
<li>Qorvo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) shares gained 13.69% in the last week. Shares of semiconductor stocks gained in the last week after softer-than-expected CPI figures lifted socks on Wednesday while AI optimism continues to boost the sector.</li>
<li>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares rose 12.97% on the optimism for the semiconductor sector.</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) shares jumped 12.68% following the purchase of 2,338,036 shares <a href="https://www.benzinga.com//node/39297081" target="_blank" rel="noreferrer noopener">by a company director</a>.</li>
<li>Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) stock upped 12.24%.</li>
<li>Rentokil Initial Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) shares advanced 10.09% in the last week following a report suggesting Trian has <a href="https://www.benzinga.com//node/39297298" target="_blank" rel="noreferrer noopener">amassed a stake in the company</a>.</li>
<li>Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) shares escalated 9.97% on the heels of the company's quarterly results. The company also <a href="https://www.benzinga.com//node/39290117">announced partnerships</a> with&nbsp;Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and, OpenAI. Several analysts <a href="https://www.benzinga.com//node/39290117" target="_blank" rel="noreferrer noopener">raised the price forecasts</a> on the stock.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares increased 7.74% following its annual WWDC event , during which the company<a href="https://www.benzinga.com//node/39297508" target="_blank" rel="noreferrer noopener"> unveiled several new AI software features</a>.</li>
</ol>
Also Read: <a href="https://www.benzinga.com/news/24/06/39348319/celsius-and-paypal-were-among-the-10-biggest-large-cap-losers-last-week-june-9-june-15-are-these-in">Celsius And PayPal Were Among The 10 Biggest Large Cap Losers Last Week (June 9-June 15): Are These In Your Portfolio?</a>
Photo via Shutterstock

Tech

AAPL

ANET

AVGO

CASY

GOOGL

MSFT

ORCL

QRVO

SWKS

Apple And Broadcom Were Among 10 Large Cap Stocks With Biggest Gains In The Last Week (June 9-June 15, 2024): Are They In Your Portfolio?

Former Treasury Secretary Larry Summers on Friday said he hasn&#8217;t seen a <a href="https://www.benzinga.com/government/24/06/39319275/no-income-tax-yes-to-high-import-tariffs-trump-floats-idea-to-ceos-gop-lawmakers">more inflationary economy policy than that of presumptive presidential candidate Donald Trump in his lifetime</a>, calling it an &#8220;irresponsible set of proposals.&#8221;
Biggest Supply Shock: Trump&#8217;s tariff proposals are the biggest supply shock that will likely push up prices of not just imported goods but all of goods that compete with those imported, Summers <a href="https://www.youtube.com/watch?v=NXdT6Zoq9YE">said</a> in an interview with Bloomberg.
&nbsp;&#8220;Anybody who&#8217;s worried about gouging should think that more competition, including from abroad, is a very, very important step,&#8221; he said. 
Summers noted that Trump&#8217;s plans for greater labor restrictions will likely cause wage inflation, and scaling back renewable energy subsidies will increase energy costs. This, the economist said, will significantly increase inflation and inflation expectations, putting more pressure on the Fed to prove its credibility.
&#8220;This could easily be a prescription for a 10% mortgage rate,&#8221; he said, adding that &#8220;this is really dangerous stuff.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/money/best-inflation-stocks" target="_blank" rel="noreferrer noopener">Best Inflation Stocks</a>
Misspeak? Regarding reports that Trump discussed replacing income taxes with tariffs in a meeting with Republican lawmakers, Summers said people sometimes misspeak and aren&#8217;t serious about what they say. 
&#8220;That&#8217;s probably a feature of candidate Trump,&#8221; he said.
Replacing the income tax with revenue from tariffs would be the worst macroeconomic policy proposal in U.S. history, the former Treasury secretary said.
&#8220;It, of course, burdens the middle class and the poor who purchase goods, the goods that exist on international markets. So, it&#8217;s regressive,&#8221; he added.
The economist noted that the 1930 Smoot-Hawley tariffs, which were only 0.6% of GDP, caused enormous damage and worsened the Great Depression. If currently, half of income tax revenues were replaced with tariffs, it would work out to six times Smoot-Hawley levels, he said.
&#8220;That&#8217;s got the potential to do enormous damage to the competitiveness of every U.S. exporter, to do huge damage to all kinds of workers who use imported goods in what their businesses produce to create a downward spiral,&#8221; Summers said.
He added that significantly higher prices for imported goods mean consumers will have less to spend on other items.
Summers also pointed out that higher tariffs will lead to economic warfare as other countries respond in kind. 
&#8220;This is a prescription for the mother of all stagflations,&#8221; he said.
The economist, however, believes that tariffs replacing income taxes could happen if Trump were elected, urging the market not to dismiss this possibility.
&#8220;But this is something that I think should be viewed very ominously,&#8221; he added.
Nobel laureate and economist Paul Krugman said last week that <a href="https://www.benzinga.com/news/24/06/39326844/trumps-tax-agenda-could-lead-to-133-tariffs-and-inflation-spike-says-paul-krugman-just-ignorant">Trump tariffs may have to be as high as 133% if they were to make up for the loss of revenue from income taxes.</a>
The iShares TIPS Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIP#NYSE">TIP</a>), an ETF tracking the investment results of an index composed of inflation-protected U.S. Treasury bonds, ended Friday&#8217;s session up 0.12% at $106.19, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39340719/inflation-cools-in-may-fed-hints-at-slower-pace-of-rate-cuts-stocks-hit-new-record-highs-this-we">Inflation Cools In May, Fed Hints At Slower Pace Of Rate Cuts, Stocks Hit New Record Highs: This Week In The Market</a>
Photo: Shutterstock

Government

Regulations

Politics

Media

Larry Summers Warns Donald Trump's Fiscal Policy Could Inflict More Damage Than One That Precipitated Great Depression: 'Prescription For The Mother Of All Stagflations'

What some people won't do to get marijuana from one place to another.
An Oakland man was indicted in Richmond, Va. on federal charges that he used his private Cessna to personally fly hundreds of pounds of cannabis across the country. His rides came to an end when his Virginia-based partner turned on him.
The unnamed informant, <a href="https://www.mercurynews.com/2024/06/03/for-months-an-oakland-pilot-allegedly-flew-marijuana-cross-country-on-his-cessna-then-the-person-paying-for-it-became-a-federal-informant/">reported</a> Mercury News, oversaw weekly clandestine cannabis sales in Virginia, where cannabis has been legal for three years but the <a href="https://www.benzinga.com/markets/cannabis/24/03/38002728/gop-governor-youngkin-vetoes-virginia-cannabis-sales-bill-3-years-after-legalization-sparking-de">commercial market is not</a>. The informant paid the pilot, Quentin Helgren, at least $15,000 per trip to fly some 85 to 120 pounds of marijuana each week from California to Virginia.
The weed flights went on throughout 2023 until this past January when the DEA raided the informer's Virginia warehouse and found hundreds of pounds of marijuana. This apparently compelled the Virginia weed dealer to cooperate with the authorities and flip on his courier Helgren.
The DEA found cellphone data and hotel records that further established Helgren was flying cannabis between Oakland and Virginia. 
Indicted in late May by a federal grand jury in Virginia for distributing marijuana, Helgren faces a maximum of 20 years in prison and a $250,000 fine. Federal prosecutors also filed a petition to seize his 1978 Cessna as part of the criminal prosecution under asset forfeiture laws.
<h2 class="wp-block-heading">South Carolina Man Busted For Lobbing Weed Over Prison Wall</h2>
Meanwhile, in South Carolina, a former inmate was arrested after lobbing cannabis and hash over the wall of a state prison with a "large launching device."  
Ronnie Ricardo Wells, 40, was stopped last week as he sped away from the Ridgeland Correctional facility, <a href="https://www.wistv.com/2024/06/14/warrants-man-arrested-after-using-launching-device-try-toss-weed-over-sc-prison-fence/">reported</a> WIS News 10. When the cops searched his car, they found the launching device, packages of cannabis and hash as well as a handgun. An arrest warrant from the South Carolina Department of Corrections Division accused Wells of tossing the packages of marijuana over the fence around the prison.
A Corrections Department document noted that the Ridgeland prison's contraband team had recovered the package and gave a description of Wells to local authorities.
Now read: <a href="https://www.benzinga.com/markets/cannabis/24/06/39336860/unscrupulous-practices-going-on-in-new-york-say-state-senators-about-150m-loan-for-beleaguered-c">&#8216;Unscrupulous&#8217; Practices Going On In New York, Say State Senators About $150M Loan For Beleaguered Cannabis Program</a>
Photo: Courtesy of Kindel Media by Pexels

Cannabis

Cannabis Delivery Flights Gets California Pilot Permanently Grounded, South Carolina Man Busted For Launching Weed Over Prison Wall

In less than five months, voters will head to the polls to choose between President Joe Biden and former President Donald Trump in the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Many election polls continue to show a close race between the two front-running candidates in the race.
What Happened: Biden has gained support from independent voters in several recent polls after Trump was <a href="https://www.benzinga.com/general/politics/24/05/39100065/trump-found-guilty-on-all-34-counts-in-hush-money-criminal-trial-heres-what-happens-next">found guilty on 34 counts</a> in a criminal trial alleging he had falsified business records.
A new Morning Consult <a href="https://pro.morningconsult.com/trackers/2024-presidential-election-polling">poll</a> of nationally registered voters shows the following results in the head-to-head matchup of Biden and Trump, with the results from the <a href="https://www.benzinga.com/general/politics/24/06/39218545/trump-vs-biden-former-presidents-lead-drops-to-1-point-net-buzz-rating-hits-10-month-low-after-g">June 4 poll </a>in parentheses:
Joe Biden: 44% (43%)
Donald Trump: 43% (44%)
Someone Else: 8% (8%)
Don't Know: 5% (5%)
Of the Democratic voters polled, 86% have Biden as their top pick, which is down four percentage points from the previous poll. Eighty-seven percent of Republican voters polled have Trump as their top pick, which was down one percentage point from last week's poll.
Independent voters, who could decide the election, selected their 2024 pick as follows, with the June 4 results in parentheses:
Joe Biden: 34% (34%)
Donald Trump: 37% (35%)
Someone Else: 18% (21%)
Don't Know: 11% (11%)
Related Link: <a href="https://www.benzinga.com/general/politics/24/06/39281524/biden-trump-should-both-drop-out-of-2024-election-leading-pollster-says-country-would-be-better-">Biden, Trump Should Both Drop Out Of 2024 Election, Leading Pollster Says: &#8216;Country Would Be Better Served&#8217;</a>
Why It's Important: The latest poll gives Biden a rare lead, showing he&#8217;s closed the gap with Trump in recent months. This marks the first lead for Biden in the Morning Consult head-to-head poll since early May.
After Trump dominated Biden in head-to-head polls in January and February, Biden has narrowed the gap to one point, tied, or, in some cases, taken a lead over Trump in recent polls.
For the sixth consecutive week, Biden&#8217;s net favorability rating has been ahead of Trump&#8217;s, marking Biden&#8217;s longest streak since April 2023. This follows Trump&#8217;s hush money trial in New York. Trump hit his lowest net favorability rating since January.
In the latest poll, net buzz about immigration improved by eight points, with more people hearing what they perceived was positive than negative news. The eight-point gain comes after Biden <a href="https://www.benzinga.com/government/24/06/39144853/biden-to-sign-executive-order-to-limit-asylum-seekers-crossing-us-mexico-border-report">announced new restrictions</a> on asylum for people who cross the southern border illegally.
The net buzz for immigration hit its best mark since November 2023 in the Morning Consult weekly survey.
With immigration expected to be a big topic in the 2024 election, Biden's latest move may have helped win over voters.
The poll showed that 37% of voters approve of Biden's handling of immigration compared to 35% prior to his latest executive action.
The two candidates are set to face off in their first 2024 presidential debate on June 27. The debate will air on CNN, a unit of Warner Bros. Discovery. 
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39339704/michelle-obama-smokes-robert-kennedy-jr-in-presidential-race-match-up">Michelle Obama Smokes Robert Kennedy Jr. In Presidential Race Match-Up</a>
Photo: Shutterstock

Biden Back On Top: President Beats Trump By 1 Point In Latest 2024 Election Poll, How Immigration Efforts Are Helping To Win Over Voters

Federal Reserve

Kashkari Said We Are In A High Pressure Economy In Some Dimensions, But Some Signs It's Cooling; Job Market Has Performed Better Than Expected; May Be More Cooling

Kashkari Said Best Thing Fed Can Do For Housing Is To Get Inflation Down

Kashkari Said Median Projection Is For One Cut, That's Likely To Be Toward End Of The Year; Said We Need To See More Evidence To Convince Us Inflation Is Heading To 2%

Minneapolis Fed President Kashkari, Speaking On CBS' 'Face The Nation', Said Reasonable That Rate Cut Could Come In December

The NYC Register&#8217;s office was duped into filing sham deeds that falsely implicated Donald Trump&#8216;s daughter Ivanka Trump and Hillary Clinton in a $150 million Manhattan real estate transaction.
What Happened: The counterfeit documents were expunged after The New York Post flagged them, <a href="https://nypost.com/2024/06/15/us-news/nyc-duped-into-filing-bogus-ivanka-trump-hillary-clinton-real-estate-deal/">according </a>to the newspaper. The bogus deeds alleged that Ivanka Trump, Clinton, and an individual named &#8220;Louis Reyes&#8221; had acquired air and subterranean rights to the prestigious University Club and the world&#8217;s highest duplex condo at Central Park Tower. The documents received approval from city clerks on May 16.
The deeds also peculiarly asserted that the &#8220;purchasers&#8221; were &#8220;relatives or former relatives&#8221; of a purported seller named &#8220;David Smith.&#8221; Despite the city probing approximately 3,500 fraudulent deeds in the past 10 years, the paperwork was approved without the obligatory notary signatures.
See Also: <a href="https://www.benzinga.com/news/24/06/39346549/trump-vs-biden-latest-poll-results-in-key-state-of-virginia-spells-trouble-for-one-candidate-and-his?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Latest Poll Results In Key State Of Virginia Spells Trouble For One Candidate And His Pa</a>
Adelaide Polsinelli, a real estate broker at Compass who first noticed the fraudulent filing, expressed her concern and told the newspaper, &#8220;It&#8217;s frightening to think real estate documents can be so easily manipulated that every city clerk involved overlooked such an obvious fake.&#8221;
Ryan Lavis, a representative for the city Department of Finance, verified that the deed was erroneously filed and was withdrawn following a review.
Why It Matters: This incident underscores the vulnerability of real estate transactions to fraudulent activities. It raises serious questions about the effectiveness of the city&#8217;s measures to prevent such scams, especially considering the high-profile names involved in this case. 
The fact that such a glaringly fake deed could pass through the system undetected is a cause for concern for both the real estate industry and the city&#8217;s administration. 
Now Read: <a href="https://www.benzinga.com/news/24/02/37193915/judge-calls-out-ivanka-trump-in-new-york-civil-fraud-case-says-her-memory-recall-was-suspect">Judge Calls Out Ivanka Trump In New York Civil Fraud Case, Says Her Memory Recall Was &#8216;Suspect&#8217;</a>
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: Shutterstock

Real Estate

New York City Clerks Mistakenly Approve Paperwork That Falsely Tied Ivanka Trump And Hillary Clinton To $150 Million Real Estate Scam

The late vice chairman of Berkshire Hathaway, Charlie Munger, was commemorated at an event that highlighted his investment philosophy and guiding principles last week.
What Happened: The Museum of American Finance and the Gabelli School of Business at Fordham University hosted the tribute. 
Munger, who died last November at 99 years old, was honored by his close associates, including Tom Gayner, CEO of Markel Group, Don Graham, former publisher of the Washington Post, and Ron Olson, a partner at Munger, Tolles &amp; Olson and a Berkshire director, <a href="https://www.marketwatch.com/story/buffetts-partner-charlie-munger-kept-these-rules-about-investing-and-life-that-you-can-use-too-d4653d2d">reported</a> MarketWatch.
The panelists reflected on Munger&#8217;s enduring principles, investment philosophy and legacy. They discussed Munger&#8217;s advice on inverting, addressing biases, creating a circle of competence, the power of reading and learning, practicing long-term thinking and weighing capital allocation against opportunity cost.
Also Read: <a href="https://www.benzinga.com/news/23/11/35949804/what-does-wealth-mean-to-americans-today-survey-yields-unexpected-responses">What Does &#8216;Wealth&#8221; Mean To Americans Today? Survey Yields Unexpected Responses</a>
Munger&#8217;s famous lesson, &#8220;Invert, always invert,&#8221; suggests that complex problems are often best solved by first considering what not to do. Munger emphasized understanding one&#8217;s own limitations and expanding one&#8217;s knowledge base. Reading and continuous learning were central to his life, they said. Olson summarized Munger&#8217;s legacy with the phrase, &#8220;Read. Learn. Give.&#8221;
Gayner also shared how Munger emphasized the need to address biases that cloud judgment, highlighting curiosity and considering alternative viewpoints as ways to mitigate these biases. Graham shared how his company typically revisits significant capital expenditures three years later to compare expectations with outcomes, a practice that tackles the &#8220;most dangerous psychological tendency: denial.&#8221;
According to Gayner, Munger always stressed the importance of recognizing one&#8217;s limitations while encouraging the expansion of knowledge within a defined &#8220;circle of competence.&#8221;
He also said that Munger valued continuous learning and reading across various disciplines, which contributed to his sharp intellect. The panelists all emphasized the benefits of learning from diverse fields such as chemistry, physics, psychology and history.
Munger advocated for long-term thinking in investing, the panelists noted. Olson highlighted the necessity of patience, while Gayner noted the difficulty of short-term strategies. Both Gayner and Graham discussed their efforts to endow student investment funds that prohibit stock sales for 25 years to teach long-term investment values.
Why It Matters: Munger&#8217;s wisdom has been a guiding light for many. Last year, Munger <a href="https://www.benzinga.com/news/23/05/32319092/secret-to-success-get-toxic-people-out-of-your-life-fast-says-billionaire-charlie-munger">advised getting toxic people out of</a> one&#8217;s life quickly. He also shared a <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35606191/charlie-munger-shares-key-investment-advice-amid-turbulent-economy">key investment advice</a> amid a turbulent economy, emphasizing the power of a minimalist lifestyle and the importance of reading.
Munger&#8217;s principles align with those of his long-time business partner, Berkshire CEO Warren Buffett. Buffett <a href="https://www.benzinga.com/news/23/03/31512478/warren-buffetts-success-mantra-the-amount-you-are-loved-is-the-ultimate-measure-of-success-in-life">once shared</a> that his mantra on success is &#8220;The amount you are loved is the ultimate measure of success in life.&#8221;
The tribute event served as a reminder of Munger&#8217;s wisdom and the impact of his principles on the world of investment.
Now Read: <a href="https://www.benzinga.com/news/23/09/34193584/warren-buffett-and-elon-musk-both-share-this-same-business-acumen-that-has-led-to-their-success">Warren Buffett And Elon Musk Both Share This Same Business Acumen That Has Led To Their Success</a>
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: Shutterstock

Success Stories

This Famous Piece Of Wisdom From Charlie Munger Can Go A Long Way In Investing — And In Life, Say Investment Experts

Anthony Scaramucci, the former White House communications director, has accused several CEOs of suffering from &#8220;Trump-nesia&#8221; after their participation in a recent Business Roundtable <a href="https://www.benzinga.com/general/politics/24/06/39127315/latest-poll-of-independents-and-republicans-could-spell-trouble-for-donald-trump-following-his-h">meeting with former President Trump.</a>
What Happened: Scaramucci&#8217;s comments came two days post the Business Roundtable meeting. The meeting saw the presence of over 80 CEOs, including Apple CEO Tim Cook and Blackstone Group CEO Steven Schwarzman.
During the meeting, Trump proposed a cut in the corporate tax rate, echoing his previous presidency when he slashed corporate tax rates from 35% to 21%. Scaramucci criticized the CEOs for their support for Trump. 
&#8220;It's a little bit of Trump-nesia. These guys denounced him several times … for some reason, they're decided that now for these little policy promises that he is offering, they're going to switch over to him,&#8221; Scaramucci said during an <a href="https://www.msnbc.com/weekends-with-alex-witt/watch/some-ceos-have-trump-nesia-scamucci-comments-on-trump-s-latest-meeting-with-company-leaders-213055557762">interview </a>with MSNBC.
Scaramucci also voiced his apprehension about the potential repercussions of a Trump presidency, stating, &#8220;The mix of inflation and the general malaise that a Trump presidency would cause is dangerous.&#8221;
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/06/39124499/following-trumps-guilty-verdict-legal-experts-say-he-could-face-this-punishment-instead-of-prison-ti" target="_blank" rel="noreferrer noopener">Following Trump's Guilty Verdict, Legal Experts Say He Could Face This Punishment Instead Of Prison Time</a>
Scaramucci also said that Trump has a plan to deport 15 million people and drive up tariffs to 20 percent. 
"He's better in those rallies where he can talk about electric boats and sharks. He's way better at that than he would be at actually articulating economic policy in front of a bunch of Fortune 500 companies," Scaramucci added.&nbsp;
"He is the chaos candidate," Scaramucci said. "I would just remind these people that they were not happy when he was president."&nbsp;
Jeffrey Sonnenfeld, president of the Yale Chief Executive Leadership Institute, however, disputed recent claims by the Wall Street Journal and Politico that CEOs are starting to prefer Trump over Biden.
He <a href="https://thehill.com/homenews/4724185-scaramucci-suggests-ceos-backing-former-president-have-trump-nesia/">told </a>The Hill, &#8220;Not a single Fortune 100 CEO has donated a single penny to him, which is a break from major CEO support for GOP presidential candidates dating back over a century.&#8221;
Why It Matters: This news comes in the wake of a previous <a href="https://www.benzinga.com/news/24/06/39344443/trump-was-meandering-at-business-roundtable-meeting-with-ceos-say-participants-doesnt-know-what-hes">Business Roundtable meeting</a> where Trump faced criticism from top CEOs. Participants described Trump&#8217;s performance as &#8220;meandering&#8221; and &#8220;all over the map.&#8221;
One CEO noted that Trump failed to provide a clear explanation of how he intended to implement his policy proposals, leading to disappointment among the attendees.
Now Read: <a href="https://www.benzinga.com/news/24/06/39346542/donald-trump-had-several-discussions-about-executing-people-says-ex-trump-official-how-do-you-ration">Donald Trump Had Several Discussions About &#8216;Executing&#8217; People, Says Ex-Trump Official: &#8216;How Do You Rationalize That Is A Person Fit &#8230; To Be President Of The United States?&#8217;</a>
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: Shutterstock

Anthony Scaramucci Slams CEOs For Supporting Donald Trump's Policies In About-Face, Accuses Them Of 'Trump-nesia': 'The General Malaise That A Trump Presidency Would Cause Is Dangerous'

The week was buzzing with tech news as Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) unveiled new AI privacy measures and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk made predictions about the future of humanoid robots. Here&#8217;s a quick round-up of the top stories.
Apple Eases AI Privacy Concerns: Apple&#8217;s Craig Federighi announced that users will have the option to opt out of the integration of OpenAI's ChatGPT with Siri, a move aimed at addressing growing AI privacy concerns. The new AI features, part of Apple&#8217;s in-house AI suite, Apple Intelligence, will be available on Apple devices this fall.
<a href="https://www.benzinga.com/news/24/06/39287140/elon-musk-reacts-as-apple-offers-opt-out-option-for-openais-chatgpt-integration-easing-privacy-conce">Read the full article here.</a>
Musk Predicts Robot Population Boom: Tesla CEO Elon Musk believes that the number of humanoid robots will one day exceed the human population. Musk shared his thoughts during a game streaming session on X, formerly Twitter.
<a href="https://www.benzinga.com/news/24/06/39246781/elon-musk-thinks-humanoid-robots-will-one-day-exceed-human-population-from-nvidias-project-gr00t-to">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/06/39303823/trumps-niece-slams-latest-improvement-to-x-elon-musk-is-even-stupider-than-i-thought?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Slams Latest &#8216;Improvement&#8217; To X: Elon Musk Is &#8216;Even Stupider Than I Thought&#8217;</a>
OpenAI Accused of Hindering AI Progress: A software engineer at Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)) claimed that OpenAI, the parent company of ChatGPT, has set back the progress of Artificial General Intelligence (AGI) by 5 to 10 years. The engineer expressed his concerns during a conversation with podcaster Dwarkesh Patel.
<a href="https://www.benzinga.com/news/24/06/39284426/google-engineer-says-sam-altman-led-openai-set-back-ai-research-progress-by-5-10-years-llms-have-suc">Read the full article here.</a>
Apple Integrates ChatGPT Features: Apple announced a partnership with Microsoft Corp.-backed OpenAI to integrate ChatGPT into iOS 18, iPadOS 18, and macOS 15 Sequoia. The AI feature will be available free of charge and will not log user data.
<a href="https://www.benzinga.com/news/24/06/39258186/apple-integrates-new-chatgpt-features-in-iphone-mac-and-ipad-sam-altman-thinks-you-will-really-like">Read the full article here.</a>
Steve Wozniak Cautions About AI Demos: Apple co-founder Steve Wozniak urged users to look beyond the impressive AI demos and test the new features themselves. In an interview with Bloomberg, Wozniak expressed a mix of excitement and cautious optimism about the new AI features, dubbed "Apple Intelligence."
<a href="https://www.benzinga.com/news/24/06/39286276/apple-co-founder-steve-wozniak-warns-not-to-get-swept-up-with-wwdc-ai-demos-try-it-yourself-see-how">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/06/39287140/elon-musk-reacts-as-apple-offers-opt-out-option-for-openais-chatgpt-integration-easing-privacy-conce?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As Apple Offers Opt-Out Option For OpenAI&#8217;s ChatGPT Integration, Easing Privacy Concerns</a>
Photo courtesy: 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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

GOOG

TSLA

Apple's AI Privacy Measures, Elon Musk's Robot Prediction, And More: This Week In Artificial Intelligence

The week was filled with political drama, international tensions, and controversial statements. From Mary Trump&#8216;s critique of media coverage of her uncle&#8217;s rally to President Joe Biden&#8217;s dig at his predecessor&#8217;s social media habits, the news cycle was anything but dull. China&#8217;s call for the US to reconsider its nuclear stance added to the global tension, while Florida Governor Ron DeSantis&#8216; comments on cannabis legalization stirred up controversy. Lastly, Edward Snowden&#8217;s reaction to a covert US military operation against China during the COVID-19 pandemic added another layer to the week&#8217;s news.
Trump&#8217;s Niece Criticizes Media Coverage Of Ex-President&#8217;s Rally
Donald Trump&#8217;s niece, Mary Trump, criticized the media&#8217;s portrayal of her uncle&#8217;s rally in Las Vegas. She expressed her concerns on her Nerd Avengers program, stating that the media&#8217;s role should not be to make Trump palatable to those who aren&#8217;t watching the rallies. Danielle Moodie, a media personality who participated in the show, agreed with Mary Trump&#8217;s sentiments. <a href="https://www.benzinga.com/news/24/06/39286829/trumps-niece-says-ex-president-not-somebody-who-should-go-anywhere-near-levers-of-power-slams-media">Read the full article here.</a>
Biden Mocks Trump&#8217;s Social Media Habits
President Joe Biden took a jab at his predecessor, Donald Trump, and his social media platform, Truth Social. In a tweet, Biden mocked Trump&#8217;s late-night rants on Truth Social and asserted his ability to answer questions that Trump can&#8217;t. <a href="https://www.benzinga.com/news/24/06/39303644/biden-says-he-can-answer-questions-that-trump-cant-you-wont-catch-me-ranting-on-truth-social-at-3-oc">Read the full article here.</a>
China Calls For US To Reconsider Nuclear Stance
China has urged the United States to reconsider its nuclear stance and reduce its arsenal. This comes after Pranay Vaddi, senior director for arms control disarmament and non-proliferation at the National Security Council, suggested that the US might need to increase its nuclear arsenal to counter threats from Russia, China, and North Korea. <a href="https://www.benzinga.com/news/24/06/39246268/china-urges-us-reconsider-nuclear-stance-following-washingtons-comments-on-increasing-warheads">Read the full article here.</a>
DeSantis Criticizes Cannabis Legalization Amendment
Florida Governor Ron DeSantis criticized the proposed constitutional amendment to legalize cannabis. He argued that if the amendment is approved, marijuana would be pervasive throughout Florida. DeSantis also expressed his disbelief at the Florida Supreme Court&#8217;s approval of the amendment. <a href="https://www.benzinga.com/markets/cannabis/24/06/39311053/desantis-blasts-cannabis-legalization-amendment-says-people-will-be-able-to-bring-20-joints-to-a">Read the full article here.</a>
Snowden Reacts To US Military Operation Against China
Edward Snowden, the renowned whistleblower, reacted to a Reuters report revealing a covert US military operation to counter China's influence in the Philippines during the COVID-19 pandemic. The operation involved the creation of fake social media accounts to spread doubt about the safety of China's aid, including vaccines. <a href="https://www.benzinga.com/news/24/06/39333706/edward-snowden-reacts-after-us-military-reportedly-ran-covert-social-media-campaign-against-china-du">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/06/39303644/biden-says-he-can-answer-questions-that-trump-cant-you-wont-catch-me-ranting-on-truth-social-at-3-oc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Says He Can Answer Questions That Trump Can&#8217;t: &#8216;You Won&#8217;t Catch Me Ranting On Truth Social At 3 O&#8217;C</a>
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/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

General

Trump's Niece Slams Ex-President, Edward Snowden On Covert US Military Operation Against China, DeSantis Criticizes Cannabis Legalization And More: This Week In Politics

The week was a rollercoaster ride in the world of cryptocurrency, with notable figures making waves and bold predictions. From Edward Snowden&#8216;s jab at Senator Elizabeth Warren&#8217;s anti-Bitcoin stance to a crypto trader&#8217;s high-risk gamble, the world of digital currencies never ceases to amaze. Let&#8217;s dive into the top stories.
Edward Snowden Takes A Jab At Elizabeth Warren&#8217;s Anti-Bitcoin Stance
Whistleblower and privacy advocate Edward Snowden took a humorous swipe at Senator Elizabeth Warren&#8217;s opposition to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). Snowden compared Warren&#8217;s stance to the Chinese Communist Party&#8217;s peculiar perspective on digital currency. <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39263151/edward-snowden-takes-a-jab-at-elizabeth-warrens-anti-bitcoin-stance-through-the-infamous-w">Read the full article here.</a>
&#8216;I&#8217;m Prepared To Lose Everything Over Bitcoin,&#8217; Says Trader
A prominent figure in the crypto world, known as The Bitcoin Therapist, has confessed to staking his entire fortune on Bitcoin&#8217;s success. Despite acknowledging the risk, he stated he&#8217;d rather lose everything than miss out on what he believes is the opportunity of a lifetime. <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39317713/im-prepared-to-lose-everything-over-bitcoin-says-trader-who-bought-the-top-in-21-the-botto">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/06/39330319/trumps-niece-says-ex-presidents-white-house-campaign-is-driven-by-revenge-he-hates-all-of-america?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President&#8217;s White House Campaign Is Driven By &#8216;Revenge:&#8217; &#8216;He Hates All Of America&#8217;</a>
&#8216;Rich Dad Poor Dad&#8217; Author Says Bitcoin Is The Simplest Way To Become A Millionaire
Best-selling author Robert Kiyosaki believes that Bitcoin is the simplest route to millionaire status, emphasizing its potential over entrepreneurship. He stated that making millions as an entrepreneur is hard, whereas Bitcoin does the hard work for him. <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39263793/rich-dad-poor-dad-author-robert-kiyosaki-says-bitcoin-is-the-simplest-way-to-become-a-mill">Read the full article here.</a>
&#8216;Dogecoin Killer&#8217; Shiba Inu&#8217;s Burn Rate Explodes 13458%
The burn rate of Shiba Inu&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) tokens has skyrocketed in the last 24 hours, with about 7.7 million SHIB tokens removed from circulation. This drastic increase is due to a sharp rise in transactions on the layer-1 blockchain, Shibarium. <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39263313/dogecoin-killer-shiba-inus-burn-rate-explodes-13458-as-shibarium-transactions-spike-7-7m-s">Read the full article here.</a>
GameStop Implementing A Bitcoin Treasury Strategy Could Push The Stock To $1,000, Says Bitcoiner
Bitcoin influencer Max Keiser has proposed a Bitcoin treasury strategy for GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) that could potentially push the stock price to $1,000. He suggested that GME could become the &#8220;pleb version&#8221; of MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>). <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39320680/gamestop-implementing-a-bitcoin-treasury-strategy-would-be-a-brilliant-move-and-could-push">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/06/39311053/desantis-blasts-cannabis-legalization-amendment-says-people-will-be-able-to-bring-20-joints-to-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">DeSantis Blasts Cannabis Legalization Amendment, Says People Will Be Able To Bring &#8217;20 Joints To An Eleme</a>
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/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

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

Cryptocurrency

Markets

$BTC

$SHIB

'Rich Dad Poor Dad' Author Says Bitcoin Simplest Way To Become Millionaire, GameStop Implementing Bitcoin Treasury Strategy And More: Top Crypto Updates This Week

The past week was a whirlwind of tech news, with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) at the epicenter. The tech giant made waves with its AI-powered features, a new iOS update, and a partnership that sparked a public spat with Elon Musk.
Steve Wozniak&#8217;s Take on Apple&#8217;s AI
Apple&#8217;s co-founder, Steve Wozniak, shared his thoughts on the company&#8217;s newly announced AI-powered features. While expressing excitement, he also urged users to test these features before forming an opinion. &#8220;A demo always looks good, and I believe in &#8216;try it yourself, see how it works for you,&#8217; and then give a real opinion of it,&#8221; Wozniak said.
<a href="https://www.benzinga.com/news/24/06/39286276/apple-co-founder-steve-wozniak-warns-not-to-get-swept-up-with-wwdc-ai-demos-try-it-yourself-see-how">Read the full article here.</a>
Apple Partners with OpenAI
Apple revealed its partnership with Microsoft Corp.-backed OpenAI to integrate ChatGPT into iOS 18, iPadOS 18, and macOS 15 Sequoia. The AI feature will be available free of charge and will not log user data. This integration is part of Apple&#8217;s broader AI strategy, which includes using OpenAI&#8217;s technology for AI writing summaries across its operating systems.
<a href="https://www.benzinga.com/news/24/06/39258186/apple-integrates-new-chatgpt-features-in-iphone-mac-and-ipad-sam-altman-thinks-you-will-really-like">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/06/39285737/tim-cook-admits-he-has-doubts-about-apples-ability-to-prevent-ai-hallucinations-i-would-never-claim?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tim Cook Admits He Has Doubts About Apple&#8217;s Ability To Prevent AI Hallucinations: &#8216;I Would Never Claim Th</a>
iOS 18 Unveiled
Apple kicked off the iOS 18 update with several improvements, including customization, smarter email organization, and a better messaging experience. The most significant change is the ability to customize the home screen and lock screen, giving users more control over their phone&#8217;s appearance.
<a href="https://www.benzinga.com/news/24/06/39256556/apple-unveils-ios-18-with-satellite-messaging-home-screen-customization-privacy-improvements-and-mor">Read the full article here.</a>
Elon Musk Criticizes Apple&#8217;s Partnership with OpenAI
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO Elon Musk publicly criticized Apple&#8217;s partnership with OpenAI, a company he co-founded. Analysts seem to agree with Musk&#8217;s concerns, which revolve around data security and privacy issues. Musk threatened to ban Apple devices from his companies if the tech giant integrates OpenAI at the OS level.
<a href="https://www.benzinga.com/news/24/06/39264633/as-elon-musk-blasts-apples-partnership-with-chatgpt-parent-openai-analysts-say-theres-definitely-an">Read the full article here.</a>
Apple Intelligence for iPhones Announced
Apple unveiled its generative AI efforts for the first time, bringing these features to iPhones and iPads, dubbed &#8220;Apple Intelligence.&#8221; These AI-powered personal intelligence features are integrated deep within the operating systems for iPhones, iPads, and Macs, across apps like Messages, Mail, Calendar, and more.
<a href="https://www.benzinga.com/news/24/06/39256948/tim-cook-announces-apple-intelligence-for-iphones-calls-it-next-big-step-tremendously-excited">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/06/39265691/a-day-after-shutting-down-tesla-phone-rumors-elon-musk-says-it-is-not-out-of-the-question?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">A Day After Shutting Down Tesla Phone Rumors, Elon Musk Says It Is &#8216;Not Out Of The Question&#8217;</a>
Photo courtesy: 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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple's AI Endeavors, iOS 18, And A Spat With Elon Musk: This Week In Appleverse

As the week winds down, let&#8217;s take a look back at some of the major stories that shaped the financial world. From warnings about overpriced stocks to debates about inflation and radical tax plans, it was an eventful few days. Here are the highlights:
Peter Schiff Sounds the Alarm on Overpriced Stocks
Renowned economist and financial commentator, Peter Schiff, has expressed concerns about the current valuation of U.S. stocks, particularly the S&amp;P 500 and other major indices. In a recent podcast, Schiff advised investors to be selective in their investments and hire professionals if they can&#8217;t do their own research. <a href="https://www.benzinga.com/markets/equities/24/06/39245115/us-stocks-are-overpriced-warns-peter-schiff-if-you-know-you-cant-do-your-own-homework-then">Read the full article here.</a>
Paul Krugman Reacts to May CPI Data
Nobel Prize-winning economist Paul Krugman expressed optimism about the economy's future following the release of the U.S. Bureau of Labor Statistics&#8217; cooler-than-expected Consumer Price Index (CPI) data. Krugman, along with many economists, prefers core inflation data excluding shelter and energy. <a href="https://www.benzinga.com/top-stories/24/06/39294902/economist-paul-krugman-reacts-to-may-cpi-data-inflation-has-basically-been-defeated">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/06/39284426/google-engineer-says-sam-altman-led-openai-set-back-ai-research-progress-by-5-10-years-llms-have-suc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Engineer Says Sam Altman-Led OpenAI Set Back AI Research Progress By 5-10 Years: &#8216;LLMs Have Sucked</a>
Kyle Bass Skeptical About Trump&#8217;s Radical Tax Plan
Founder of Hayman Capital Management, Kyle Bass, expressed doubt over former President Donald Trump&#8217;s proposal to replace income tax with import tariffs. Bass argues that the gap between the total volume of imports in the U.S. and the revenue from taxes is too large for the plan to be feasible. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39328409/hedge-fund-manager-says-trumps-radical-tax-plan-is-hyperbole-useful-to-kick-the-hor">Read the full article here.</a>
Janet Yellen Contradicts Biden on Inflation
U.S. Treasury Secretary Janet Yellen contradicted President Joe Biden's stance on inflation, attributing it to supply and demand rather than corporate greed. Yellen believes that the inflation burst after the pandemic was due to supply constraints and stresses on supply chains. <a href="https://www.benzinga.com/government/24/06/39314839/janet-yellen-disagrees-with-biden-says-inflation-is-due-to-supply-and-demand-not-corporate-greed">Read the full article here.</a>
Harry Dent Predicts &#8216;Crash Of A Lifetime&#8217;
Financial author and economist Harry Dent warned of an impending crash that might surpass the severity of the Great Recession. Dent remains steadfast in his December prediction of the "crash of a lifetime." He highlighted the uniqueness of the current bubble, comparing it to the natural bubble from 1925 to 1929. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39257592/economist-warns-crash-of-a-lifetime-is-coming-predicts-s-p-500-to-plummet-86-from-t">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/06/39330319/trumps-niece-says-ex-presidents-white-house-campaign-is-driven-by-revenge-he-hates-all-of-america?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President&#8217;s White House Campaign Is Driven By &#8216;Revenge:&#8217; &#8216;He Hates All Of America&#8217;</a>
Photo by Sharon McCutcheon on Unsplash
 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/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

Economics

Janet Yellen Contradicts Biden On Inflation, Hedge Fund Manager Skeptical About Trump's Radical Tax Plan And More: This Week In Economics

Former President Donald Trump has edged out President Joe Biden by 2 points in a recent Reuters/Ipsos poll, <a href="https://www.benzinga.com/news/24/05/38907865/donald-trump-issues-eyebrow-raising-demand-ahead-of-proposed-debates-with-joe-biden-i-just-wanna-deb">despite facing recent legal troubles.</a>
What Happened: The poll, released on Thursday, shows Trump leading Biden by 2 points, with 41% of registered voters favoring Trump over Biden&#8217;s 39%. Notably, 20% of voters remain undecided or are considering third-party options.
This is a significant shift from a previous Reuters/Ipsos <a href="https://www.reuters.com/world/us/how-are-reutersipsos-us-public-opinion-polls-conducted-2024-05-09/">poll </a>conducted in early June, which had Biden leading Trump by the same margin.
The latest poll comes in the wake of Trump&#8217;s conviction on all 34 felony counts in a hush-money case in New York. Still, about 61% of registered voters indicated that Trump&#8217;s conviction has not influenced their voting plans.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/06/39124499/following-trumps-guilty-verdict-legal-experts-say-he-could-face-this-punishment-instead-of-prison-ti" target="_blank" rel="noreferrer noopener">Following Trump&#8217;s Guilty Verdict, Legal Experts Say He Could Face This Punishment Instead Of Prison Time</a>
Meanwhile, Biden&#8217;s son, Hunter Biden, was found guilty in a federal gun case this week. However, 80% of the adults surveyed also said this outcome was unlikely to affect their vote.
When independent presidential candidate Robert F. Kennedy Jr. was included in the latest poll, about 10% of respondents indicated they would vote for him.
Why It Matters: Trump&#8217;s recent conviction had initially seemed to favor Biden. According to a poll conducted by Yahoo News and YouGov earlier this month, Biden had taken a narrow lead over <a href="https://www.benzinga.com/news/24/06/39241154/trump-vs-biden-hush-money-conviction-signals-good-news-for-one-candidate-in-tight-presidential-race">Trump following the latter&#8217;s felony conviction</a>.
However, a subsequent New York Times/Siena poll noted that, despite a slight dip in support following his conviction, <a href="https://www.benzinga.com/news/24/06/39243021/trump-vs-biden-latest-poll-reveals-clear-impact-of-ex-presidents-conviction-on-voters-in-tightly-con">Trump still held a slight lead over Biden.</a>
The latest Reuters/Ipsos poll underscores the fluidity of voter sentiment as the November elections approach, with legal troubles seemingly having little impact on voter preferences for both Trump and Biden.
Now Read:&nbsp;<a href="https://www.benzinga.com/general/politics/24/06/39127315/latest-poll-of-independents-and-republicans-could-spell-trouble-for-donald-trump-following-his-h" target="_blank" rel="noreferrer noopener">Latest Poll Of Independents And Republicans Could Spell Trouble For Donald Trump Following His Historic Conviction</a>
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: Shutterstock

Trump Vs. Biden: One Candidate Pulls Ahead In Recent Poll Amid Legal Challenges

<a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a> used his 78th birthday celebration on Friday to pledge deeper tax cuts should he win the upcoming U.S. <a href="https://www.benzinga.com/general/entertainment/24/06/39346067/donald-trump-shakes-off-potential-taylor-swift-endorsement-for-joe-biden-why-would-she-endo" target="_blank" rel="noreferrer noopener">election on Nov. 5.</a>
He also made ambiguous forecasts about potential future attacks on U.S. soil following the arrest of Tajik nationals suspected of having ties to ISIS, Reuters reported.
Check This Out: <a target="_blank" href="https://www.benzinga.com/news/24/04/38016471/former-top-general-sounds-alarm-on-rising-isis-threat-to-us-bemoans-bidens-afghanistan-withdrawal" rel="noreferrer noopener">Former Top General Sounds Alarm On Rising ISIS Threat To US, Bemoans Biden&#8217;s Afghanistan Withdrawal</a>
ISIS, or the Islamic State of Iraq and Syria, is designated as a terrorist organization by the U.S. government.
Addressing thousands of supporters at a convention center in West Palm Beach, Florida, the Republican candidate pledged to continue reducing the corporate tax rate that he had previously lowered during his presidency.
Read Next:<a target="_blank" href="https://www.benzinga.com/government/24/06/39337568/trumps-plan-to-kill-income-taxes-whiffs-critics-say-its-a-sure-way-to-hit-low-and-middle-income-amer" rel="noreferrer noopener"> Trump&#8217;s Plan To Kill Income Taxes Whiffs, Critics Say: &#8216;It&#8217;s A Sure Way To Hit Low- And Middle-Income Americans&#8217;</a>
Additionally, he promised to deliver tax relief to the middle class.
Trump, engaged in a tight rematch with President <a href="https://www.benzinga.com/topic/joe-biden" target="_blank" rel="noreferrer noopener">Joe Biden</a>, did not offer detailed specifics.
During his presidency, Trump reduced the corporate tax rate from 35% to 21% and introduced various other tax cuts set to expire next year, Reuters added.
&#8220;I want to make them permanent, and then I&#8217;m going to reduce taxes by still more,&#8221; Trump said, without presenting a strategy to make up for the potential reduction in revenue. &#8220;I want to get it down still further, and especially for the middle income people.&#8221;
Trump, known for his tough stance on immigration during his administration, also reiterated his criticism of Biden&#8217;s efforts to reduce illegal crossings into the U.S.
See This:<a target="_blank" href="https://www.benzinga.com/news/24/04/38135314/trump-wants-immigrants-from-nice-countries-like-denmark-and-switzerland-over-nations-that-are-a-disa" rel="noreferrer noopener"> Trump Wants Immigrants From &#8216;Nice Countries&#8217; Like Denmark And Switzerland Over Nations &#8216;That Are A Disaster&#8217;</a>
He pointed to the recent arrests of eight individuals from Tajikistan in New York, Los Angeles and Philadelphia.
According to a source familiar with the investigation, these individuals were suspected of having ties to the extremist group ISIS, Reuters added.
&#8220;Our country has never been in danger like it is in danger right now,&#8221; Trump claimed, adding, without providing evidence, that thousands of terrorists were entering the United States. &#8220;Our country is going to pay a steep price for many, many years.&#8221;
Read Next:<a href="https://www.benzinga.com/markets/equities/24/06/39345716/benzinga-bulls-and-bears-gamestop-apple-tesla-bitcoin-and-raoul-pals-dogecoin-etf-prediction" target="_blank" rel="noreferrer noopener"> Benzinga Bulls And Bears: GameStop, Apple, Tesla, Bitcoin And Raoul Pal&#8217;s Dogecoin ETF Prediction</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Trump's Birthday Speech On Tax Cuts, Immigrants Raises Eyebrows: 'Our Country Has Never Been In Danger Like It Is In Danger Right Now'

Aimfinity Investment Corp. I announces extension of deadline for initial business combination

AIMAU

Press Releases

Aimfinity Investment Corp. I Announces Third Extension of the Deadline for an Initial Business Combination to October 28, 2023

Aimfinity Investment Corp. I enters into Definitive Merger Agreement with Taiwanese smart medical device developer Docter Inc.

Aimfinity Investment Corp. I Announces Fourth Extension of the Deadline for an Initial Business Combination to November 28, 2023

Aimfinity Investment Corp. I Announces Fifth Extension of the Deadline for an Initial Business Combination to December 28, 2023

Aimfinity Investment Corp. I Announces Sixth Extension of the Deadline for an Initial Business Combination to January 28, 2024

Aimfinity Investment Corp. I Announces Seventh Extension of the Deadline for an Initial Business Combination to February 28, 2024

Aimfinity Investment Corp. I Announces Eighth Extension of the Deadline for an Initial Business Combination to March 28, 2024

Aimfinity Investment Corp. I Announces Eighth Extension of the Deadline for an Initial Business Combination to April 28, 2024

Aimfinity Investment Corp. I Announces Results of the Extraordinary General Meeting of the Shareholders and Extension of the Deadline for an Initial Business Combination

Aimfinity Investment Corp. I Announces Extension of the Deadline for an Initial Business Combination to June 28, 2024

Aimfinity Investment

Units (1 Ord Class A , 1 Class 1 War & 1/2 Class 2 War)

Aimfinity Investment Corp. I Reveals Sixth Extension Of Deadline For An Initial Business Combination To January 28, 2024

Aimfinity Investment Corp. I Announces Fifth Extension Of The Deadline For An Initial Business Combination To December 28, 2023; Deposited $85,000 Into Trust Account; Company May Extend On A Monthly Basis From July 28, 2023 Until April 28, 2024

-

-

-

-

-

-

-

-

-

-

-

-

-

-

News

Latest news for Aimfinity Investment (NASDAQ:AIMAU) Stock

Thursday, December 28, 2023

Tuesday, November 28, 2023

Monday, October 16, 2023