Latest News for A I S Resources Stock (OTC:AISSF)

A I S Resources Ltd is an exploration company. It has focused on the evaluation of mineral properties. It acquires prospective exploration projects and enhances their value by defining the mineral resource with a view to attracting joint venture partners and enhancing the value of its portfolio. The company is developing prospective lithium projects in Argentina, and gold projects located in prolific Australian gold mining regions.

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Spey Resources is starting a magnetotelluric survey of its Lithium Triangle flagship to identify drill targets and start a resource estimate.

Lithium Explorer To Start Geophysical Survey At Argentina Project

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On Monday, Cathie Wood&#8217;s Ark Invest made some significant trades, the most notable being the purchase of Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares and the sale of Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) shares.
The Shopify Trade
Ark Invest&#8217;s ETFs, including Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), purchased a total of 313,923 shares of Shopify on Monday. This move came after the company released its first-quarter earnings report earlier in the month. The trade was valued at approximately $18.45 million, based on Shopify&#8217;s closing price of $58.78 on the day.
Earlier this month, <a href="https://www.benzinga.com/markets/equities/24/05/38721307/cathie-woods-ark-invest-purchases-over-30m-of-shopify-shares-amid-q1-numbers-driven-plunge-adds-">Benzinga reported</a> that Shopify&#8217;s shares had tanked after the company reported its first-quarter results, with analysts expressing concerns about the company&#8217;s profitability.
The Block Inc Trade
On the same day, Ark Invest sold a total of 110,334 shares of Block Inc across its ARKF, ARKK, and ARKW ETFs. This decision came after Block&#8217;s stock soared following its first-quarter earnings report and strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investment, as <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38599124/block-stock-soars-on-q1-earnings-strategic-bitcoin-investment-details">highlighted by Benzinga</a>. The value of this trade was approximately $7.7 million, based on Block&#8217;s closing price of $69.74 on Monday.
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKF and ARKK ETFs bought shares of Roblox Corp (RBLX). </li>
<li>ARKF sold shares of Global-E Online Ltd (GLBE). ARKG sold shares of Verve Therapeutics Inc (VERV) and bought shares of Recursion Pharmaceuticals Inc (RXRX). </li>
<li>ARKQ sold stock of Velo3D Inc (VLD). ARKX bought shares of Iridium Communications Inc (IRDM).</li>
</ul>
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38777196/amid-nvidia-craze-jim-cramer-sees-a-chip-stock-not-on-anyones-radar-about-to-break-out-heres-wha?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Nvidia Craze, Jim Cramer Sees A Chip Stock &#8216;Not On Anyone&#8217;s Radar&#8217; About To Break Out: Here&#8217;s What He Said</a>
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Cathie Wood's Ark Invest Buys $18M In Shopify Stock Amid Price Dip, Sells Shares In Bitcoin Bull Jack Dorsey's Block Inc

Top cryptocurrencies of the market lifted upward Monday, spurred by top banks' disclosure of investments in spot Bitcoin ETFs, and a social media post by retail trader "Roaring Kitty" that sent meme coins flying.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.19%</td>
<td>$63,021.64</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>+0.48%</td>
<td>$2,952.36</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+4.72%</td>
<td>$0.1488</td>
</tr>
</tbody>
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What Happened: Bitcoin, the most valuable digital asset on the planet, rose above $63,000 after a subdued weekend. The disclosure of spot ETF holdings by banking titans such as Wells Fargo and JPMorgan Chase last week likely acted as the major trigger.&nbsp;
About $56 million in positions was wiped out in the last 24 hours, with nearly equal amounts of longs and shorts liquidated.
The uptick in spot prices drove investments in the derivatives market, as Bitcoin's Open Interest went to upwards of $30 billion, following a 2.94% increase over the last 24 hours.
The world's largest meme coin, Dogecoin, bounced 4.73% in the last 24 hours as popular retail trader Roaring Kitty posted a meme on social media after a nearly three-year absence.
The level of "Greed" in the market surged, according to Cryptocurrency Fear and Greed Index, an indication that buying pressure might improve in the days ahead.
Top Gainer (24 Hour)
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<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
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<td>Ethena (ENA)</td>
<td>+4.10%</td>
<td>$0.8947</td>
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<td>Lido DAO (LDO)</td>
<td>+3.11%</td>
<td>$1.97</td>
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<td>UNUS SED LEO (LEO)</td>
<td>+2.61%</td>
<td>$5.93</td>
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The global cryptocurrency market cap stands at $2.3 trillion, increasing by 1.42% in the past 24 hours.
Major stock indices closed lower on Monday. The Dow Jones Industrial Average lost 81.33 points, or 0.21%, to close at 39,431.51, snapping an eight-day winning run. The S&amp;P 500 slipped 0.02% to end the trading session at 5,221.42 points, while the tech-focused Nasdaq Composite gained 0.29% to finish at 16,388.24 points.
Investors await key inflation data numbers this week, beginning with the producer price index due on Tuesday, and the more significant consumer price index slated for Wednesday, with economists forecasting a month-over-month increase for both.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Prominent cryptocurrency analyst and trader, Ali Martinez drew attention to the importance of $66,250 as a "significant" resistance level for Bitcoin.
"Once BTC breaks past this level, it will be positioned for new all-time highs," Martinez predicted.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The most significant resistance level for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is at $66,250. Once <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> breaks past this level, it will be positioned for new all-time highs! <a href="https://t.co/8ieiU86wfT">pic.twitter.com/8ieiU86wfT</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1790001937871519818?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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On-chain analytics firm Santiment underlined that Bitcoin's funding rate on major derivatives exchanges was increasing, raising fears of an overleveraged market, and, subsequently, a market correction.
The research firm added that those wishing for a sustained rally would rather want FOMO to stay low, with short positions being on par with the longs, or higher.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4ca; <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>&#39;s funding rate is rising on exchanges like <a href="https://twitter.com/hashtag/DyDx?src=hash&amp;ref_src=twsrc%5Etfw">#DyDx</a> and <a href="https://twitter.com/hashtag/Deribit?src=hash&amp;ref_src=twsrc%5Etfw">#Deribit</a>. To avoid history repeating itself after last week&#39;s top, those <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw">#bullish</a> on <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> want to see <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/FOMO?src=hash&amp;ref_src=twsrc%5Etfw">#FOMO</a> staying low, with <a href="https://twitter.com/hashtag/shorts?src=hash&amp;ref_src=twsrc%5Etfw">#shorts</a> opening at the same (or higher) rate than longs. <a href="https://t.co/xlipAPHZPL">https://t.co/xlipAPHZPL</a> <a href="https://t.co/oD2qglaWvb">pic.twitter.com/oD2qglaWvb</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1790053558139732064?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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Photo by FellowNeko on Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38796814/gamestop-stock-pumped-but-what-about-the-gamestop-meme-coin-its-gonna-get-wild-predicts-tr">GameStop Stock Pumps, But What About The GameStop Meme Coin?</a>

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

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$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Edge Higher On Spot ETF Holdings Disclosure And 'Roaring Kitty' Frenzy: Analyst Says $66,250 Next Hurdle For Bitcoin Before A New All-Time High

On Monday, ChatGPT-parent OpenAI introduced a more efficient and cost-effective version of its AI model, GPT-4, which <a href="https://www.benzinga.com/news/23/04/31804758/want-to-try-openais-gpt-4-heres-a-step-by-step-guide-on-how-to-try-this-internet-breaking-ai-tool">has been in existence for over a year</a>.
What Happened: The new model is called GPT-4o. It is trained on&nbsp;extensive internet data and is designed to handle text, audio, and images in real-time more effectively. GPT-4o can also respond to verbal questions with audio replies in milliseconds. 
Moreover, it now offers features that were previously limited to paid subscribers. This includes web searches, multilingual responses, and data storage.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Say hello to GPT-4o, our new flagship model which can reason across audio, vision, and text in real time: <a href="https://t.co/MYHZB79UqN">https://t.co/MYHZB79UqN</a> Text and image input rolling out today in API and ChatGPT with voice and video in the coming weeks. <a href="https://t.co/uuthKZyzYx">pic.twitter.com/uuthKZyzYx</a>
&mdash; OpenAI (@OpenAI) <a href="https://twitter.com/OpenAI/status/1790072174117613963?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38775893/sundar-pichai-finally-responds-to-microsoft-ceos-comments-about-making-google-dance-one-of-the-ways?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Sundar Pichai Finally Responds To Microsoft CEO&#8217;s Comments About Making Google Dance: &#8216;One Of The Ways You Can Do The Wrong Thing Is By &#8230; Playing To Someone Else&#8217;s Dance Music&#8217;</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">hope you enjoyed! the new voice mode will be live in the coming weeks for plus users. we&#39;ll have more stuff to share soon &#x1f642;
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1790071830427930788?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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OpenAI&#8217;s CTO Mira Murati, demonstrated the model&#8217;s capabilities during the launch event. &#8220;This is the first time that we're making a huge leap in the interaction and ease of use," she <a href="https://www.bloomberg.com/news/articles/2024-05-13/openai-launches-faster-and-cheaper-ai-model-with-gpt-4o?srnd=technology-vp">told</a> Bloomberg News. &#8220;We're really making it possible for you to collaborate with tools like ChatGPT.&#8221;
Instead of depending on separate AI models for various inputs, GPT-4o, where the &#8220;o&#8221; signifies omni, integrates voice, text, and vision capabilities into one model. 
&#8220;When you have three different models that work together, you introduce a lot of latency in the experience, and it breaks the immersion of the experience,&#8221; Murati said. &#8220;But when you have one model that natively reasons across audio, text and vision, then you cut all of the latency out and you can interact with ChatGPT more like we're interacting now.&#8221;
However, the new model encountered some difficulties. The audio was frequently interrupted as the researchers spoke during their demonstration.
ChatGPT-maker has already rolled out the&nbsp;new text and image capabilities&nbsp;to&nbsp;paying ChatGPT Plus and Team&nbsp;users, with enterprise users to follow soon. The company intends to release the latest iteration of its &#8220;voice mode&#8221; assistant to ChatGPT Plus users in the coming weeks.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: OpenAI&#8217;s announcement comes just a day before&nbsp;Google&#8217;s&nbsp;I/O developer conference, where the search and advertising giant is <a href="https://www.benzinga.com/news/24/05/38751052/googles-new-rival-may-finally-be-here-sam-altmans-openai-could-launch-it-just-ahead-of-search-giants">expected to unveil its own AI updates</a>. This launch could potentially intensify the competition between the companies.
OpenAI&#8217;s recent developments have been closely watched by the tech industry. Speculation about the company&#8217;s next launch had been rife, with rumors of a <a href="https://www.benzinga.com/news/24/05/38751052/googles-new-rival-may-finally-be-here-sam-altmans-openai-could-launch-it-just-ahead-of-search-giants">new search product</a> and the highly anticipated GPT-5. However, OpenAI&#8217;s CEO,&nbsp;Sam Altman, earlier&nbsp;<a href="https://www.benzinga.com/news/24/05/38774244/openais-sam-altman-shoots-down-search-engine-and-gpt-5-rumors-teases-may-13-event-some-new-stuff-peo">dismissed these rumors</a>&nbsp;and teased &#8220;some new stuff&#8221; for the May 13 event.
ChatGPT-parent has also been in discussions with&nbsp;Apple&nbsp;to&nbsp;<a href="https://www.benzinga.com/news/24/05/38774065/apple-chooses-sam-altman-led-openai-to-integrate-chatgpt-into-iphone-deal-almost-done-report">integrate ChatGPT into iPhones</a>, as part of the iPhone maker&#8217;s strategy to introduce AI features to its devices.
In a rare blog post on Monday, Altman also spoke about the latest model saying, &#8220;The original ChatGPT showed a hint of what was possible with language interfaces; this new thing feels viscerally different. It is fast, smart, fun, natural, and helpful.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">too long for a tweet, some thoughts on GPT-4o:<a href="https://t.co/6FIdBUn539">https://t.co/6FIdBUn539</a>
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1790074770324639933?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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Photo via Shutterstock.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38779672/whats-new-in-consumer-tech-world-last-week-news-that-you-should-know-may-5-may-11-2024?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s New In Consumer Tech World Last Week? News That You Should Know (May 5-May 11, 2024)</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Tech

Media

OpenAI Tries To Steal Google's Thunder A Day Before Search Giant's Event, Unveils GPT-4o, A ChatGPT Version That Can Reason Across Audio, Vision And Text: 'A Huge Leap In Interaction'

Elon Musk&#8216;s Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is facing a significant challenge in the uptake of its Full Self-Driving technology, with only 2% of free trial users opting for the subscription. This has raised concerns about the future of the technology.
What Happened: Gary Black of Future Fund took to social media platform X, to express his concerns about the low subscription rate of Tesla&#8217;s FSD service. 
He cited data from Yipit, a credit card data provider, which showed that only 2% of the Tesla owners who received a free 30-day trial of the FSD service actually subscribed to it after the trial period ended. This figure is significantly lower than the 6% Black had assumed in his Tesla model.
Black also noted that the sample size was relatively small, only 3,500 users out of 1.8 million trials, and might not be representative of the entire Tesla owner population. He suggested that Tesla needs to understand whether the low subscription rate is due to the perceived low value added by the FSD service or the $99/month subscription fee.
Black wrote, &#8220;Some bulls were predicting take rates of 20% or more &#8211; estimates we thought were absurd. The sample size was only 3,500 users out of 1.8M trials so could be unrepresentative of the TSLA owner population. Still, TSLA needs to understand whether the low take rate was due to low perceived value added or the $99/month rate.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yipit credit card data showed that just 2% of <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> owners with free FSD 30-day trials actually subscribed to it after the 30-day trial expired. My assumption in my <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> model was that 6% of trial users would subscribe. If just 2% subscribed after a month, that would be…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1790140670876815764?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
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Black&#8217;s concerns were further highlighted by a <a href="https://www.benzinga.com/news/24/05/38754787/elon-musk-claims-tesla-fsd-is-half-a-decade-ahead-or-more-compared-to-mercedes">community feedback forum</a> by Moomoo Technology, which questioned the market expectations of the FSD service, given the low subscription rate.
See Also: <a href="https://www.benzinga.com/news/24/05/38798863/tesla-defies-auto-industry-trends-with-0-99-apr-model-y-financing-offer?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Defies Auto Industry Trends With 0.99% APR Model Y Financing Offer</a>
Why It Matters: The low uptake of Tesla&#8217;s FSD subscription service is a significant concern for the company, especially considering the high expectations surrounding the latest FSD version, FSD v12.3. The tepid subscription rate, as reported by YipitData, raises doubts about the market&#8217;s expectations for the new FSD system.
Just days before the subscription data was revealed, Musk asserted that Tesla&#8217;s FSD technology is <a href="https://www.benzinga.com/news/24/05/38754787/elon-musk-claims-tesla-fsd-is-half-a-decade-ahead-or-more-compared-to-mercedes">&#8220;half a decade ahead or more&#8221; compared to Mercedes</a>, amid ongoing debates about the effectiveness and safety of Tesla&#8217;s autonomous driving technology.
Black&#8217;s concerns come in the wake of Tesla&#8217;s <a href="https://www.benzinga.com/news/24/05/38724721/cybertruck-owners-youll-have-to-wait-a-few-months-for-fsd-because-tesla-is-focusing-on-other-99-of-t">decision to delay</a> the deployment of its FSD driver assistance software on Cybertruck vehicles, indicating potential hurdles in the broader acceptance of FSD among consumers.
Earlier, Musk had also hinted at the imminent launch of the <a href="https://www.benzinga.com/news/24/05/38692792/tesla-robotaxis-hitting-chinas-streets-soon-ev-giant-reportedly-welcomed-to-do-some-trials-but-no-fu">FSD feature in China</a>. These developments, coupled with the disappointing subscription uptake, raise questions about the future of Tesla&#8217;s FSD technology and its impact on the company&#8217;s stock performance.
Read Next: <a href="https://www.benzinga.com/news/24/05/38729359/hertz-customer-fumes-after-car-rental-company-charges-him-277-for-refueling-tesla-and-refuses-to-rei?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hertz Customer Fumes After Being Billed $277 For &#8216;Refueling&#8217; Tesla, Car-Rental Company Says It Will Refund &#8216;Erroneous&#8217; Charge</a>
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Social Media

TSLA

Elon Musk's Tesla Faces FSD Uptake Challenge As Only 2% Of Free Trial Users Subscribe, Gary Black Terms The Figure 'Disappointing'

The major U.S. indices had a mixed performance on Monday. The Dow Jones Industrial Average fell by 0.2% to close at 39,431.51, and the S&amp;P 500 declined by 0.02% to finish at 5,221.42. Conversely, the Nasdaq ended the day up nearly 0.3%, closing at 16,388.24.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop&#8217;s shares soared by a whopping 74.40% to close at $30.45. The stock hit an intraday high of $38.20 and a low of $24.77, with a 52-week range of $9.95 to $38.2. This surge can be traced back to a social media post from Keith Gill, best known as &#8220;Roaring Kitty&#8221; on YouTube and Reddit. After three years of silence, Gill&#8217;s post sparked a rally in <a href="https://www.benzinga.com/news/24/05/38801786/gamestop-trader-roaring-kitty-sparks-wall-street-rally-in-heavily-shorted-stocks-what-you-need-to-kn">heavily shorted stocks</a>, leading to GameStop&#8217;s significant gain.
AMC Entertainment Holdings, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>)
AMC Entertainment&#8217;s stock climbed by 78.35% to close at $5.19. The shares reached an intraday high of $5.88 and a low of $3.16, with a 52-week range of $2.38 to $62.30. This surge was also influenced by the return of &#8220;Roaring Kitty&#8221; on social media, sparking questions about the <a href="https://www.benzinga.com/news/24/05/38789552/are-meme-stocks-back-heres-whats-going-on-with-shares-of-gamestop-amc-entertainment-koss-corp-and-mo">resurgence of meme stocks</a>.
See Also: <a href="https://www.benzinga.com/news/24/05/38776732/biden-chief-economic-advisor-promises-relief-for-middle-class-sets-sights-on-overturning-corporate-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Chief Economic Advisor Promises Relief For Middle Class, Sets Sights On Overturning Corporate Tax C</a>
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s shares rose by 5.70% to close at $84.60. The stock hit an intraday high of $85 and a low of $82.60, with a 52-week range of $66.63 to $102.5. As the company prepares to release its earnings, Goldman Sachs analyst Ronald Keung <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38798436/what-to-expect-from-alibabas-earnings-heres-what-goldman-sachs-is-watching">highlighted key factors</a> that could drive the share price.
Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)
Rivian&#8217;s shares increased by 9.11% to close at $10.90. The stock reached an intraday high of $11.19 and a low of $10.03, with a 52-week range of $8.26 to $28.06. The company reported better-than-expected first-quarter revenue last week and maintained its 2024 production forecast of 57,000 units, leading to a <a href="https://www.benzinga.com/news/24/05/38797005/whats-going-on-with-rivians-stock">rise in its stock</a>.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares rose by 2.03% to close at $171.89. The stock hit an intraday high of $175.4 and a low of $169, with a 52-week range of $138.80 to $299.29. The company recently received <a href="https://www.benzinga.com/markets/asia/24/05/38782261/china-greenlights-another-big-tesla-factory-this-time-for-megapack-project">approval for a new megafactory project</a> in China, which will be its second megafactory after the one in California. 
Photo by WHYFRAME on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/government/24/05/38781945/chuck-schumer-says-trump-might-be-hosting-dinners-for-big-oil-execs-but-ftc-should-side-with-consume?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chuck Schumer Says Trump Might Be &#8216;Hosting Dinners For Big Oil Execs&#8217; But FTC Should Side With Consumers</a>
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BABA

RIVN

GameStop, AMC, Alibaba, Rivian, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Editor&#8217;s note: This story has been updated to remove an embedded tweet containing an offensive term. 
Keith Gill&#8216;s social media reappearance has pushed the GameStop stock 35% higher, but the buzz around a <a href="https://www.benzinga.com/news/24/05/38789552/are-meme-stocks-back-heres-whats-going-on-with-shares-of-gamestop-amc-entertainment-koss-corp-and-mo">comeback of meme stocks</a> pales compared to the 2,000% spike of the GameStop meme coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">GME</a>).
What Happened: The GameStop-inspired meme coin on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is trading at a market capitalization of $74 million compared to under $4 million less than 24 hours ago, according to DexScreener <a href="https://dexscreener.com/solana/9tz6vykibdlyx2rngwc5tesu4pyve4jd6tm56352ugte">data</a>. Gill has followed up his tweet that set the frenzy in motion with several new tweets.
<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"><a href="https://t.co/YgjVqtgcNS">pic.twitter.com/YgjVqtgcNS</a>
&mdash; Roaring Kitty (@TheRoaringKitty) <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The resurgence attracted the likes and comments of notable traders, such as Hsaka, who <a href="https://twitter.com/HsakaTrades/status/1790015905381965891">acknowledged</a> the surge by tweeting &#8220;gm(e).&#8221;
The news even went beyond the cryptocurrency and stocks world, with controversial influencer Andrew Tate <a href="https://twitter.com/cobratate/status/1790023218138325159?s=46">saying</a> &#8220;Diamond Hands Until I've Stopped Breathing.&#8221; 
Also Read: <a href="https://www.benzinga.com/news/24/05/38764657/whats-going-on-with-gamestop-stock-is-roaring-kitty-active-again">What&#8217;s Going On With GameStop Stock: Is Roaring Kitty Active Again?</a>
Why It Matters: The GameStop meme coin peaked at close to $100 million in market capitalization In February, which sparked talks of whether it could come close to the valuation of the stock. 
That never materialized and the meme coin appeared to fall out of traders&#8217; sights, only for Gill&#8217;s reappearance to spike a surge in discussions about whether meme stocks are back for good. 
One commentator, in a humorous <a href="https://twitter.com/contrariandesk/status/1789974245868519871">tweet</a>, alluded that all the tactics from the book &#8220;Intelligent Investor&#8221; by Benjamin Graham may not be relevant anymore.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> is up 20% because Roaring Kitty posted a photo on X after 3 years of silence. <a href="https://t.co/1UsTV1BWQa">pic.twitter.com/1UsTV1BWQa</a>
&mdash; The Contrarian Desk (@contrariandesk) <a href="https://twitter.com/contrariandesk/status/1789974245868519871?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The surge of GameStop also prompted other Solana meme coins with company themes, such as AMC (AMC/SOL) and Reddit to spike 5,400% and 56%, respectively.
Meme coins are up 6.9% on the day with Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) trading 6% higher, while Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) surged by 10%. 
Dog-themed meme coins Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) and Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>) are also up 4%, respectively, while Floki Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) spiked 7%.
What&#8217;s Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a style="font-style: italic;" href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock">Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?</a>
Image: Shutterstock

$BONK

$FLOKI

$GME

$PEPE

$SHIB

$SOL

$WIF

GameStop Stock Pumps, But What About The GameStop Meme Coin? (UPDATED)

Nigel Farage, the former leader of the Brexit Party, has reportedly been offered a position in Donald Trump&#8216;s U.S. re-election campaign.
What Happened: Farage, who has been contemplating a new role in the U.S., disclosed during an interview with U.K. broadcaster Talk that he has received a &#8220;very firm job offer&#8221; from America. The role, though undisclosed, would see him playing a significant part in Trump&#8217;s election campaign, <a href="https://www.politico.eu/article/nigel-farage-gets-donald-trump-job-offer-us-election-campaign/">reported</a> Politico.
&#8220;It's a confidential offer, obviously, but it would be very heavily involved with the election campaign,&#8221; said Farage.
After stepping down from his populist Reform U.K. party in 2021, Farage has turned his attention to broadcasting, hosting a show on the right-leaning GB News. His political future has been a subject of conjecture in Westminster, with rumors of a possible return to lead the challenger party Reform.
See Also: <a href="https://www.benzinga.com/news/24/05/38776258/tesla-ceo-elon-musk-draws-parallel-between-netflixs-decision-to-focus-on-streaming-over-renting-dvds?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Draws Parallel Between Netflix&#8217;s Decision To Focus On Streaming Over Renting DVDs To</a>
Farage, known for his close ties with Trump and his frequent praise for him, clarified that the job offer was not for any diplomatic positions, such as the soon-to-be-vacant role of British ambassador to the U.S. Instead, it would &#8220;indirectly&#8221; support Trump&#8217;s campaign.
While Farage hasn&#8217;t dismissed a political comeback in the U.K., he admitted, &#8220;At the minute I'm leaning towards America.&#8221;
Why It Matters: Farage&#8217;s potential involvement in Trump&#8217;s campaign comes as no surprise, given his <a href="https://www.benzinga.com/general/politics/22/04/26492561/nigel-farage-wants-trump-back-on-twitter-says-musk-joining-board-is-a-step-in-the-right-directio">vocal support</a> for the former president.
In July 2023, Farage announced his plans to launch an initiative to tackle the issue of individuals being de-banked. Farage&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33437300/trump-supporter-nigel-farage-aims-to-tackle-de-banking-theres-solution-at-the-ready-bitcoi">proposed exercise</a> involves identifying the worst offenders among the banks.
Photo Courtesy: Lev Radin On Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/05/38782831/trumps-niece-says-michael-cohens-testimony-will-be-extraordinarily-challenging-for-ex-president-what?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Michael Cohen&#8217;s Testimony Will Be &#8216;Extraordinarily Challenging&#8217; For Ex-President: &#8216;What Will Rattle Him The Most Is…&#8217;</a>
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Politics

General

Nigel Farage, Brexit Champion, Discloses Confidential Job Offer From Donald Trump: 'Very Heavily Involved With The Election Campaign'

In recent news, Florida Governor Ron DeSantis has put an end to the circulating rumors about his wife, Casey DeSantis, potentially running for governor in the 2026 elections. As reported by <a href="https://www.politico.com/news/2024/05/13/casey-desantis-has-zero-interest-in-running-00157727">Politico</a>, the governor confirmed that his wife, a former television anchor and a key figure in his presidential campaign, has no interest in entering the political arena.
What Happened: At an event in Coral Gables, Governor DeSantis addressed the ongoing speculation about his wife&#8217;s political future. Despite public polls showing her leading other potential Republican candidates, Casey DeSantis is not interested in pursuing a political career. The governor attributed this to her firsthand experience of the challenges involved in politics.
&#8220;If I had to characterize her interest in getting into the political thicket as a candidate, I would characterize it as zero. But, you know, I think it's because she has had a front row seat on all the nonsense that goes on when you do it,&#8221; said DeSantis, according to the report.
Casey DeSantis, a cancer survivor and advocate for various initiatives, has been a significant influence during her husband&#8217;s tenure. However, insiders have confirmed that she has no intention of stepping into politics on her own.
See Also: <a href="https://www.benzinga.com/news/24/05/38776647/elon-musk-berates-gavin-newsom-after-california-governor-discloses-plans-to-cut-10-000-vacant-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Berates Gavin Newsom After California Governor Discloses Plans To Cut 10,000 Vacant State Jobs</a>
Why It Matters
In May 2023, Casey DeSantis released a video titled &#8220;America Is Worth the Fight,&#8221; <a href="https://www.benzinga.com/news/23/05/32544544/ron-desantis-wife-teases-video-of-governor-stepping-on-the-stage-for-presidential-bid-america-is-wor">offering a glimpse</a> into her husband&#8217;s 2024 presidential bid. However, Governor DeSantis suspended his campaign in January 2024, endorsing former President Donald Trump ahead of the New Hampshire Primaries.
Despite the suspension of his campaign, DeSantis remained a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38507352/trump-meets-with-desantis-noem-stirs-up-controversy-how-will-republican-vice-president-bet">potential vice president candidate</a> for Trump&#8217;s 2024 election campaign.
Photo by The Old Major on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/05/38782831/trumps-niece-says-michael-cohens-testimony-will-be-extraordinarily-challenging-for-ex-president-what?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Michael Cohen&#8217;s Testimony Will Be &#8216;Extraordinarily Challenging&#8217; For Ex-President: &#8216;What Will Rattle Him The Most Is…&#8217;</a>
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Ron DeSantis Ends Rumors About Wife Casey Running for Florida Governor: She Has 'Zero' Interest

In the latest development in the ongoing hush money trial, former President Donald Trump has publicly voiced his criticism of the presiding judge, following the testimony given by his former lawyer, Michael Cohen.
What Happened: Trump expressed his dissatisfaction with the New York judge overseeing his case. He made these remarks upon leaving the courtroom where Cohen had been testifying for several hours, <a href="https://thehill.com/regulation/court-battles/4661264-angry-trump-blasts-judge-cohen-testimony/">reported</a> The Hill.
Several elected officials, including Sen. JD Vance (R-Ohio), Sen. Tommy Tuberville (R-Ala.), and the attorney general of Iowa, were present at the courthouse. When asked about their presence, Trump stated, &#8220;They think it's a terrible thing that is happening to democracy in this country.&#8221;
Trump also read from a document for approximately five minutes, which included comments from Republican lawmakers, legal pundits, and cable television commentators who expressed doubts about the case or defended the former president.
The case against Trump pertains to allegations of falsifying 34 business records related to a $130,000 hush money payment Cohen made to a porn actor to prevent her from discussing an alleged affair with Trump during his 2016 campaign.
&#8220;It's really a very sad day for the country. It's sad for New York,&#8221; said Trump, according to the report. Despite a gag order prohibiting Trump from commenting on witnesses, he criticized the judge, labeling him &#8220;corrupt&#8221; and &#8220;highly conflicted&#8221;. He accused the judge of hindering his ability to campaign.
See Also: <a href="https://www.benzinga.com/news/24/05/38776647/elon-musk-berates-gavin-newsom-after-california-governor-discloses-plans-to-cut-10-000-vacant-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Berates Gavin Newsom After California Governor Discloses Plans To Cut 10,000 Vacant State Jobs</a>
Why It Matters: The hush money trial has been a significant event, with Trump facing criminal charges related to falsifying business records for the alleged hush money payments. On Monday, key witness Michael Cohen testified to his <a href="https://www.benzinga.com/general/politics/24/05/38803382/trumps-erstwhile-lawyer-testifies-to-former-presidents-involvement-in-hush-money-payment-dont-wo">involvement in making payments</a> to several parties in a hush money scheme that could help eliminate damaging stories that would hurt Trump in the 2016 election.
Earlier, Trump had lashed out at the trial, calling it &#8216;fake&#8217; and stating that he would be <a href="https://www.benzinga.com/general/politics/24/05/38771094/trump-lashes-out-at-fake-hush-money-criminal-trial-ahead-of-michael-cohens-monday-testimony-id-b">proud to go to jail</a> for the Constitution. The trial continues to unfold, with the latest developments adding to the controversy surrounding the former president.
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38753994/cardano-founder-charles-hoskinson-says-voting-for-biden-is-a-vote-against-american-crypto-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cardano Founder Charles Hoskinson Says Voting For Biden Is A &#8216;Vote Against American Crypto Industry&#8217;</a>
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Trump Slams Judge, Defends Actions Following Michael Cohen's Testimony In Hush Money Trial: 'Really A Very Sad Day For The Country'

One of the things that adds to both the joy as well as the cost of travel is hotel stays. Staying at a great hotel not only makes your travel enjoyable, it can also elevate your overall experience. However, often, a great hotel experience comes at a steep cost.
But following these top tips can help you get the best deals on hotels when traveling.
See Also: <a href="https://www.benzinga.com/general/travel/24/05/38633292/love-free-food-at-airports-these-five-credit-cards-unlock-airport-lounges-around-the-world">Love Free Food At Airports? These Five Credit Cards Unlock Airport Lounges Around The World</a>
<h3 class="wp-block-heading">1. Book Early</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-1024x585.jpg" alt="" class="wp-image-332536" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a hotel &#x7C; Image generated using Dall-E</figcaption></figure>
One of the best ways to get the best prices on hotels (and flight tickets) is to book early. If you can plan ahead and reserve your booking early, hotels often offer much lower prices when compared to those who book just in time.
With that said, account for possible changes in your travel plans and look for hotels that offer refunds.
<h3 class="wp-block-heading">2. Use Hotel Booking Websites</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-1024x585.jpg" alt="" class="wp-image-332538" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a hotel booking website &#x7C; Image generated using Dall-E</figcaption></figure>
Price comparison websites can help you evaluate the best hotels and rooms that suit your requirements and travel plans. Hotels also sell a part of their capacity to third parties at lower prices, who then pass on some of these benefits to customers.
Take advantage of these deals and score a healthy discount.
<h3 class="wp-block-heading">3. Register For Alerts On Discounts And Coupons</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-1024x585.jpg" alt="" class="wp-image-332540" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of hotel deals &#x7C; Image generated using Dall-E</figcaption></figure>
Hotels and third-party sellers often have discounts and limited-period coupons that they give to their subscribers or previous customers. If you are planning a hotel stay, these coupons can come in handy.
All it takes is for you to register using your email address. If you don't need these coupons, you can always delete those emails, but when you do need them, they are as good as free money.
<h3 class="wp-block-heading">4. Hotel Loyalty Programs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-1024x585.jpg" alt="" class="wp-image-332544" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a hotel loyalty program &#x7C; Image generated using Dall-E</figcaption></figure>
Many hotels offer loyalty programs to their customers. You can consider joining one since you can earn loyalty points every time you visit these hotels.
You can then redeem these points toward your future stays and also get free room upgrades here and there.
Some of these programs include Marriott Bonvoy, World of Hyatt, and Hilton Honors.
<h3 class="wp-block-heading">5. Try To Get Package Deals</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-1024x585.jpg" alt="" class="wp-image-332546" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a package hotel deal &#x7C; Image generated using Dall-E</figcaption></figure>
When you're traveling to a new city or country, your hotel can often be the best place for you to be the most comfortable. Hotels understand this and offer package deals that can include benefits like food as well as travel services.
Since it's a package deal, your overall cost is likely to be lower than if you were to arrange for your own food and travel.
<h3 class="wp-block-heading">6. Look For Credit Card Reward Programs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-1024x585.jpg" alt="" class="wp-image-332549" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a credit card &#x7C; Image generated using Dall-E</figcaption></figure>
Credit card reward programs are another great way to save money while spending and traveling. You can check out our <a href="https://www.benzinga.com/general/travel/24/05/38633292/love-free-food-at-airports-these-five-credit-cards-unlock-airport-lounges-around-the-world">list of the best credit cards</a> you can apply for right now to start accumulating reward points and airline miles, to redeem them for discounts, and in many cases, free hotel stays.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38335897/no-us-city-makes-the-cut-where-are-the-10-best-airports-in-the-world" target="_blank" rel="noreferrer noopener">No US City Makes The Cut! Where Are The 10 Best Airports In The World?</a>
Photo courtesy: Unsplash

Travel

Save Big On Hotels: 6 Insider Tips For Scoring Best Hotel Deals While Traveling

TIRX

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

Advent Technologies Holdings, Inc. - Warrant

ADNWW

Safe Harbor Financial Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shfs#NASDAQ">SHFS</a>) reported a 245% year-over-year increase in net income to approximately $2.0 million for the first quarter of 2024. This is a significant change from a net loss of $1.4 million in the same period <a href="https://www.benzinga.com/markets/cannabis/23/11/35791231/safe-harbor-financial-revenue-soars-82-11-processed-1b-in-cannabis-related-funds-this-year">last year</a>.
CEO Sundie Seefried noted the company&rsquo;s strategic initiatives and diversified income base, particularly through its lending program. &quot;We have nearly tripled our loan book year-over-year, driving a 251% increase in our loan income to $1.64 million,&quot; Seefried <a href="https://www.globenewswire.com/news-release/2024/05/13/2880881/0/en/Safe-Harbor-Financial-Announces-First-Quarter-2024-Results.html">stated</a>.
<h3>Revenue And Gross Profit</h3>
The<a href="https://www.benzinga.com/markets/cannabis/24/04/38036311/financial-service-provider-in-cannabis-reports-4q-2023-results-annual-revenue-up-by-85-3"> company&rsquo;s revenue</a> for the quarter was approximately $4.1 million, slightly down from $4.2 million in the first quarter of 2023.
Safe Harbor recorded a gross profit of approximately $325,000, compared to a gross loss of $1.6 million in the prior year period.
<h3>Operating Expenses And Adjusted EBITDA</h3>
<a href="https://www.youtube.com/watch?v=jcX1mwuohT8">Operating expenses</a> decreased by 35.8% to $3.7 million, compared to $5.8 million in the same period last year.
Adjusted EBITDA for the quarter increased by 165.3% to approximately $1.1 million, up from $410,000 in the first quarter of 2023.
Scanning through cannabis spreadsheets can take some time. To learn more about investing, don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
<h3>Operational Highlights And Future Outlook</h3>
Safe Harbor&rsquo;s first-quarter operational activities included originating a $9 million first-lien secured loan for a cultivation facility in Denver, Colorado&nbsp;and a $4.6 million secured credit facility for a <a href="https://www.benzinga.com/topic/michigan-cannabis">Michigan</a> cannabis operator.
With the potential <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38657697/post-cannabis-rescheduling-whats-next-for-marijuana-giants-potential-1-1b-cash-flow">reclassification of cannabis from a Schedule I to a Schedule III </a>substance, Safe Harbor anticipates an increase in capital flowing into financial institutions. This regulatory shift could enhance demand for Safe Harbor&rsquo;s financial services.
Photo: AI-Generated Image.&nbsp;

Cannabis

Earnings

Guidance

Emerging Markets

Real Estate

SHF Holdings, Inc. - Class A Common Stock

SHFS

Safe Harbor Financial's 245% YoY Q1 Net Income Boost, Anticipates Capital Increase With Possible Rescheduling

Video game retail stock GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) was one of the biggest<a href="https://www.benzinga.com/general/gaming/23/01/30412695/gamestop-short-squeeze-anniversary-a-look-back-at-david-vs-goliath-battle-and-whats-next"> financial storylines of 2021.</a>
A movie based on the storyline put the stock back in the spotlight in 2023 and the stock is soaring once again thanks to the social media return of a key character in the GameStop saga.
What Happened: GameStop investor Keith Gill, also known as &#8220;Roaring Kitty&#8221; on social media and YouTube, and DeepF&#x2A;&#x2A;&#x2A;ingValue on Reddit, made<a href="https://www.benzinga.com/markets/equities/24/05/38787490/gamestop-shares-surge-as-roaring-kitty-resurfaces-after-3-year-silence"> his return to social media </a>on May 12, 2024.
The X, formerly known as Twitter, <a href="https://twitter.com/TheRoaringKitty">account </a>of &#8220;Roaring Kitty&#8221; shared a meme on Sunday and went on to post 11<a href="https://www.benzinga.com/general/gaming/24/05/38798005/roaring-kitty-doubles-down-posts-new-videos-on-x-sending-gamestops-stock-higher"> videos with clips</a> from famous movies and words on screen, as of the time of writing.
GameStop stock soared in response to the posts and &#8220;Roaring Kitty's&#8221; return with shares closing up 74.40% to $30.45 Monday at market close and hitting new 52-week highs of $38.20 during the intraday session.
In 2021, GameStop stock had its moment in the spotlight with a short squeeze of epic proportions that saw retail traders buy shares and fight against hedge funds who had shorted the stock in an epic battle akin to David vs. Goliath.
The storyline was turned into several documentaries and docuseries and also inspired the book "The Antisocial Network: The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to its Knees" by Ben Mezrich.
Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>)<a href="https://www.benzinga.com/general/entertainment/23/06/32975000/gamestop-film-dumb-money-stars-paul-dano-pete-davidson-seth-rogen-cast-details-first-traile"> released a theatrical film</a>, &#8220;Dumb Money,&#8221; based on Mezrich's book on Sept. 15, 2023.
With GameStop shares trading at $18.61 at the time of the theatrical release, an investor could have bought 53.73 GME shares with $1,000. That $1,000 investment would be worth $1,687.12 today, up 68.7% in eight months.
Compare that to the +16.1% return of the SPDR S&amp;P 500 ETF Trust, which tracks the S&amp;P 500 over the same time period.
Related Link:<a href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock"> Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?</a>
Why It's Important: The theatrical release sparked optimism that GameStop shares could rally and see old and new investors get attached to the video game stock once again.
Author Mezrich encouraged people to go to theaters and support several other "meme stocks"<a href="https://www.benzinga.com/general/entertainment/23/09/34502730/traders-should-go-to-amc-bring-stuff-from-bed-bath-beyond-carry-blackberry-phones-dumb-mone"> at the time.</a>
The movie grossed $13.9 million domestically and $20.7 million worldwide according to data from <a href="https://www.boxofficemojo.com/title/tt13957560/?ref_=bo_se_r_1">BoxOfficeMojo</a>. The film starred Paul Dano as Gill and also featured actors including Pete Davidson, Vincent D'Onofrio, America Ferrera, Seth Rogen, Anthony Ramos, Sebastian Stan and Nick Offerman.
The film was later released on streaming platform Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>). It had a <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/36900320/gamestop-meme-coin-soars-in-value-gains-interest-how-netflix-short-squeeze-anniversary-tim">surge in popularity</a> in its initial release and may have contributed to a meme cryptocurrency based on GameStop trading higher.
While the film's release didn't lead to a huge rally in GameStop shares, investors who bought the stock at the time of the release and held on are now up significantly thanks to the social media return of Gill.
Gill's return <a href="https://www.benzinga.com/news/24/05/38789552/are-meme-stocks-back-heres-whats-going-on-with-shares-of-gamestop-amc-entertainment-koss-corp-and-mo">saw meme stocks</a> trade higher and<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38797959/keith-gills-roaring-kitty-comeback-sparks-1400-surge-of-kitty-themed-meme-coin"> several meme cryptocurrencies </a>trade higher on Monday.
Questions remain if Gill will continue to make posts on X, return to making videos on YouTube and if the rally in GameStop stock can be sustained.
The ending of "Dumb Money" previously said Gill "retreated from public life." Based on his social media posts, he could be returning to the spotlight.
Read Next: <a href="https://www.benzinga.com/news/24/05/38801786/gamestop-trader-roaring-kitty-sparks-wall-street-rally-in-heavily-shorted-stocks-what-you-need-to-kn">GameStop Trader &#8216;Roaring Kitty&#8217; Sparks Wall Street Rally In Heavily Shorted Stocks: What You Need To Know Right Now</a>
Photo: Paul Dano in &#8220;Dumb Money&#8221; via IMDb

Entertainment

Gaming

Education

NFLX

Sony Group Corporation American Depositary Shares

SONY

If You Invested $1,000 In GameStop Stock When 'Dumb Money' Was Released In Movie Theaters, Here's How Much You'd Have Today

The average American household savings stands at $62,500, according <a href="https://www.federalreserve.gov/econres/scfindex.htm">to</a> the latest Survey of Consumer Finances by the Federal Reserve. This means when you touch the $100,000 savings mark, you've outperformed the average American household and have a milestone to celebrate.
But the next challenge is keeping yourself above this mark, and growing your savings. It's far easier to lose savings that you've toiled for several years, which makes it all the more important to avoid some of the most common mistakes people do.
Here are five mistakes you should avoid when your savings touch $100,000.
<h3 class="wp-block-heading">Stop Saving Money</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-1024x585.jpg" alt="" class="wp-image-335154" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a person stopping saving money &#x7C; Photo generated using Dall-E</figcaption></figure>
Some people tend to neglect savings after reaching a certain milestone. It's possible to be proud of yourself for saving $100,000, but it's worth remembering that this is not the last milestone you need to reach.
<h3 class="wp-block-heading">Making Expensive Lifestyle Changes</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-1024x585.jpg" alt="" class="wp-image-335130" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of an expensive lifestyle &#x7C; Photo generated using Dall-E</figcaption></figure>
Another common mistake is many people make sudden and expensive lifestyle changes after reaching a certain level of savings. People can get comfortable knowing they have $100,000 in their bank account and investments, but it's easy to spend it all away.
It's easier to spend away all your savings than it is to save it again.
<h3 class="wp-block-heading">Keeping All Your Money In A Savings Account</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-1024x585.jpg" alt="" class="wp-image-335133" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of saving money &#x7C; Photo generated using Dall-E</figcaption></figure>
Savings accounts are not the best place to keep your money, especially when you have a large sum such as $100,000. Leaving all of that in a savings account with a relatively lower rate of interest than other assets with better returns is doing yourself a disservice.
Given how inflation reduces the purchasing power of money, it's important to make sure the rate of return beats it.
<h3 class="wp-block-heading">Not Diversifying Your Investments</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-1024x585.jpg" alt="" class="wp-image-335137" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of diverse investments &#x7C; Photo generated using Dall-E</figcaption></figure>
It's easy to put all your money in a single investment or asset if you think it will double or triple or give you multi-bagger returns. However, it's important to avoid that temptation and diversify your investments in a risk-managed portfolio.
This will strike a better balance between the risk and reward. It allows you to capture other possible growth areas while reducing the possibility of a speculative investment wiping out all your savings.
<h3 class="wp-block-heading">Not Planning Your Finances</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-1024x585.jpg" alt="" class="wp-image-335139" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of financial planning &#x7C; Photo generated using Dall-E</figcaption></figure>
Financial planning is just as important as saving money. After you touch the $100,000 savings mark, it's essential to have a plan to increase it.
This can be done in two ways – investing in assets that deliver better returns than inflation and increasing the rate of savings.
If you were saving 15% of your monthly income, it's time to step it up to 17%, 20%, and so on. The more you can save, the better it is for a rainy day, and eventually, your retirement.
Photo courtesy: Unsplash

Personal Finance

Hit $100K In Savings? Avoid These 5 Costly Traps That Could Derail Your Financial Future

A new election poll of voters in key swing states shows who could have the best shot between President Joe Biden and Donald Trump to win the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
 What Happened: Trump and Biden are the likely contenders facing off against each other in the 2024 presidential election, in what will be a rematch of the 2020 election won by Biden. <a href="https://www.benzinga.com/general/sports-betting/24/04/38417836/trump-and-biden-get-ready-2024-election-betting-odds-point-to-major-showdown">Betting odds</a> and most election polls point to a close race.
Deciding factors for the election could include young voters, voter turnout and the results of several <a href="https://www.benzinga.com/topic/swing-states">key swing states.</a>
A new Siena College/New York Times <a href="https://www.nytimes.com/2024/05/13/us/politics/biden-trump-battleground-poll.html">poll </a>shows the results of how voters in six key swing states would vote if the election were held today.
The results are:
Arizona: 42% Biden, 49% Trump
Georgia: 39% Biden, 49% Trump
Michigan: 42% Biden, 49% Trump
Nevada: 38% Biden, 50% Trump
Pennsylvania: 44% Biden, 47% Trump
Wisconsin: 47% Biden, 45% Trump
The results see Trump leading in five of the six key states, with dominant leads in several of the states. Biden leads in the state of Wisconsin by a two-point margin.
The poll showed that when voters who said they were likely to vote in the 2024 election were included, Biden leads two states, gaining the state of Michigan.
Including independent candidate Robert F. Kennedy Jr. as a possible selection also saw a similar results with Trump winning five of the six states.
Related Link: <a href="https://www.benzinga.com/general/politics/24/05/38718471/trump-vs-biden-2024-election-poll-shows-tie-broken-which-candidate-gains-support-from-his-party-">Trump Vs. Biden: 2024 Election Poll Shows Tie Broken — Which Candidate Gains Support From His Party, Independent Voters?</a>
Why It's Important: The poll finds that many voters are still uneasy about the current state of the economy and it could be influencing their 2024 presidential election vote.
Poll findings show that many Americans feel uneasy having Biden in a second term and seeking to have a return to normalcy. Around 25% of voters list the economy and the cost of living as the top issue in the 2024 election.
Around 50% of those polled said that the economy is "poor," which is similar to the same poll conducted back in November. Even with inflation easing and the stock market trading higher, American voters see the economy as negative and a deciding factor in potentially voting against Biden.
Many voters see Trump doing a better job in leading the country when it comes to the economy according to the poll.
Around 70% of those polled said the country's political and economic systems need major changes.
Most swing state polls from other outlets have included seven states with the six mentioned above and the state of North Carolina.
A recent swing state poll of the seven states <a href="https://www.benzinga.com/general/politics/24/04/38537950/trump-vs-biden-former-president-holds-lead-in-all-7-swing-states-which-candidate-does-robert-f-k">from Emerson College</a> showed Trump leading in all the key voter markets. Trump's lead was one point in several territories, suggesting a close race.
These <a href="https://www.benzinga.com/general/politics/24/03/37884006/trump-vs-biden-key-swing-states-arizona-nevada-michigan-wisconsin-show-close-races-heres-the-rol" target="_blank" rel="noreferrer noopener">seven swing states&nbsp;</a>together represent 93 electoral votes in the 2024 election. Six of the seven swing states were won by Biden in the 2020 election, with Trump winning North Carolina. Five of the seven swing states won by Biden in 2020 flipped from Trump's win in 2016, including Arizona, Michigan and Wisconsin.
The six states in this poll were all won by Biden in the 2020 election.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38739470/trumps-next-vice-president-doug-burgum-could-go-from-1-republican-voter-support-to-white-h">Trump&#8217;s Next Vice President? Doug Burgum Could Go From 1% Republican Voter Support To White House</a>
Photo: Shutterstock
Editor&#8217;s Note: Pennsylvania was originally left out in the article&#8217;s poll results.

Trump Vs. Biden: New Swing State Poll Reveals Winner, One Key 2024 Election Issue Could Influence Result (Updated)

A panel of Ohio lawmakers cleared 11 administrative rules on Monday for the state's medical and recreational marijuana programs, including one that spells out how existing medical marijuana retailers can apply for dual-use medicinal and recreational dispensary licenses.
The move, undertaken by the Joint Committee On Agency Rule Review (JCARR), puts Ohio adults one step closer to being able to legally purchase cannabis in dispensaries and shops, following <a href="https://www.benzinga.com/markets/cannabis/23/11/35664155/ohio-legalizes-cannabis-and-overwhelmingly-approves-abortion-rights">last November's legalization</a> of recreational marijuana.
A separate rule also cleared on Monday noted existing dispensaries seeking dual licensees need to fill out and present applications no later than June 7. If approved they will be allowed to sell to medical marijuana patients as well as adults, <a href="https://www.cleveland.com/news/2024/05/coming-soon-recreational-marijuana-dispensary-applications-go-live-in-june-after-state-panel-oks-rule.html">noted</a> Cleveland.com.
Rep. Jamie Callender (R), vice chair of JCARR and outspoken <a href="https://www.benzinga.com/markets/cannabis/23/08/34119078/gop-disputes-and-a-few-threats-notwithstanding-ohioans-of-all-stripes-support-legal-cannabis">supporter of legal cannabis</a>, thanked the head of the Division of Cannabis Control (DCC) for "the work you've put in on this — for doing this timely and to help move forward the will of the voters, and we look forward to watching these rules go into effect in a couple of weeks."
Callender, who <a href="https://www.benzinga.com/markets/cannabis/24/04/38193598/gop-congressman-in-ohio-says-retail-weed-sales-to-begin-before-july-4th-weekend-collective-joy-e">said in April </a>that sales should begin at least on July 4, added that regulators assured him that they would have applications online before the new rules' June 7 deadline and he's optimistic that sales will begin by mid-June.
James Canepa, who was selected to serve as the <a href="https://www.benzinga.com/markets/cannabis/24/03/38008197/gop-bickers-over-legal-marijuana-program-in-ohio-as-cleveland-cannabis-school-becomes-first-in-n">first superintendent</a> of the DCC, previously said the legislature's delayed action could complicate regulators' work to effectively stand up the new market.
<h1 class="wp-block-heading">It's Been A Slog</h1>
As of just one month ago, Ohio House leaders said the legislature could not and likely would not find common ground on how and when to move legal cannabis forward.
For months, Republican Gov. Mike DeWine, who is not now nor has even been a supporter of marijuana legalization, nevertheless routinely urged lawmakers to pass regulations and get the show on the road. 
"What we don&#8217;t want is a situation where the black market grows and we don&#8217;t want a situation really where people don&#8217;t know what the rules are, and we just need to get this done,&#8221; Gov DeWine said at several points and in various ways during the negotiations between the state GOP-dominated House and Senate.
Now Read: <a href="https://www.benzinga.com/markets/cannabis/24/05/38798052/gop-governors-in-vermont-and-alaska-to-weigh-in-on-psychedelic-assisted-therapy-task-force-bills">GOP Governors In Vermont And Alaska To Weigh In On Psychedelic-Assisted Therapy Task Force Bills</a>

Government

Regulations

GOP Lawmakers In Ohio Finally Approve Rules Allowing Cannabis Sales To Begin In June, Existing Medical Marijuana Dispensaries Can Join In

According to a new study published in Science Advances, fifty-six brands led by&nbsp;Coca-Cola&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>), PepsiCo (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>), and Nestl&eacute; (SWX: NESN) are responsible for more than half of the plastic pollution found across the globe.
The study reveals a direct correlation between the companies&#39; annual plastic production and their contribution to branded plastic pollution.
Annually, about 400 million tons&nbsp;of plastic waste are generated, most of which does not decompose, biodegrade&nbsp;or compost. Instead it accumulates&nbsp;in landfills and aquatic environments.
Alarmingly, the equivalent of<a href="https://www.unep.org/plastic-pollution"> 2,000 garbage trucks full of plastic </a>is dumped into the world&#39;s oceans, rivers&nbsp;and lakes daily, leading to increased human ingestion of <a href="https://www.axios.com/2024/01/10/plastic-particles-bottled-water-pollution">nanoplastic particles</a>, with potential health risks yet to be fully understood.
This extensive <a href="https://www.washingtonpost.com/climate-environment/2024/04/24/plastic-pollution-companies-responsible/">research</a> involved over 100,000 volunteers worldwide who cataloged 1.8 million pieces of plastic waste, underscoring the significant environmental impact of these major corporations.
<h3>Corporate Responses And Hemp Bioplastics</h3>
To address their environmental impacts, Coca-Cola has pledged to make its packaging fully recyclable by 2025 and to use at least 50% recycled materials by 2030. Similarly, PepsiCo and Nestl&eacute; are pushing for stronger global policies on plastic waste management.
However, the <a href="https://www.science.org/doi/10.1126/sciadv.adj8275">study suggests</a> traditional strategies may be insufficient. This has spurred interest in sustainable alternatives like hemp bioplastics, which are biodegradable and offer a <a href="https://www.benzinga.com/general/biotech/24/02/37271000/u-s-army-invests-1-9m-to-develop-hemp-manufactured-buildings-for-military-operations">reduced environmental footprint</a>, potentially revolutionizing the packaging industry.
<h3>Why Hemp Is An Alternative To Plastics?</h3>
Hemp, a sustainable and rapidly renewable resource, can be transformed into bioplastics that are both<a href="https://www.benzinga.com/markets/emerging-markets/17/05/9405826/why-hemp-could-be-the-future-of-plastics"> biodegradable</a> and non-toxic.
Unlike traditional plastics derived from fossil fuels, hemp bioplastics decompose naturally, leaving minimal environmental impact. This makes hemp an appealing option for companies looking to reduce their ecological footprint and comply with global sustainability standards.
Moreover, hemp bioplastics can be integrated into <a href="https://www.benzinga.com/general/biotech/24/04/38367354/ohio-hemp-company-re-greening-the-rust-belt-with-bioplastics-option-for-midwest-auto-industry">existing manufacturing processes </a>without significant alterations, offering a seamless transition aeway from conventional plastics.
With their robust and durable nature, <a href="https://www.benzinga.com/topic/hemp">hemp bioplastics</a> can be used in a wide range of applications, from packaging to automotive parts, potentially revolutionizing the industry and contributing to a more <a href="https://www.benzinga.com/markets/cannabis/24/04/38327403/usda-hemp-market-report-shows-stability-and-growth-amid-challenges">sustainable future</a>.
As negotiations for a global plastics treaty continue, the role of hemp bioplastics could become central in achieving the dual goals of economic development and environmental sustainability.
Photo: AI-Generated Image.&nbsp;

Biotech

Entrepreneurship

Coca-Cola, PepsiCo And Nestlé Are Top Plastic Polluters: Is Hemp The Answer To Nanoplastics In The Oceans??

Meme stocks have once again captured the spotlight in the financial market following the return of Keith Gill — known widely as &#8220;Roaring Kitty&#8221;— to social media after <a href="https://www.benzinga.com/general/gaming/24/05/38798005/roaring-kitty-doubles-down-posts-new-videos-on-x-sending-gamestops-stock-higher">a three-year hiatus. </a>
For those unfamiliar, Gill is a pivotal figure in the meme stock phenomenon that took the financial world by storm in early 2021. As an individual investor and financial analyst, he became famous for his role in the explosive rise of GameStop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GME#NASDAQ">GME</a>)&#8217;s stock price.
The struggling video game retailer saw its shares soar from under $20 to nearly $500 at their peak in January 2021, largely driven by a short squeeze on investors who had bet against the stock amid weak fundamentals. 
Unlike traditional stocks, which are influenced by fundamental analysis and corporate performance, meme stocks are often subject to rapid price changes driven by hype <a href="https://www.benzinga.com/news/24/05/38795608/gamestop-leads-roaring-rally-whats-going-on-with-meme-stocks">and mass trading actions.</a>
Gill chronicled his investment journey across various platforms, including YouTube and Reddit, notably under the username u/DeepF&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;Value on the subreddit r/WallStreetBets. His philosophy is emblematic of a broader narrative about meme stocks and the democratization of investing, illustrating how individual investors can unite to disrupt the financial status quo of seasoned and large investors.
Gill&#8217;s resurgence on X (formerly known as Twitter) on May 13, sparked a viral reaction. A posted image of a man intensely focused on a video game, adopting a serious gaming stance, served as a metaphor for Gill&#8217;s impactful return to the public eye.
The post has attracted considerable attention, amassing over 10K retweets, 24K quote tweets, 94K likes, and over 19 million views, highlighting its widespread appeal and significance.
<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"><a href="https://t.co/YgjVqtgcNS">pic.twitter.com/YgjVqtgcNS</a>
&mdash; Roaring Kitty (@TheRoaringKitty) <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">GameStop, AMC Skyrocket</figcaption></figure>
As a result, GameStop&#8217;s share price soared by 74% on Monday, representing the fourth-largest one-day gain since the company&#8217;s IPO in 2002. This surge trails only behind the spikes of 104% on Feb. 21, 2021, 135% on Jan. 27, 2021, and 93% on Jan. 26, 2021.
Similarly, other meme-related stocks experienced significant increases. AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) saw its shares climb nearly 80%, marking its most substantial single-day rise since June 2021, the third strongest in its history. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-1024x495.png" alt="" class="wp-image-335826" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h1 class="wp-block-heading">Meme-Stock Related ETFs Overview</h1>
Investors looking to capitalize on the volatility and potential high returns of these stocks can consider meme-stock-related exchange-traded funds (ETFs).

<h1 class="wp-block-heading">Schwab Crypto Thematic ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STCE#NYSE">STCE</a>)</h1>
<ul>
<li>Description: This ETF invests in key cryptocurrency companies and includes meme-related stocks, blending digital finance with viral market trends.</li>
<li>Top Holdings: MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</li>
<li>1-Day Return (May 13, 2024): 2.99%</li>
<li>Top Performers: AMC Entertainment Holdings, Inc., GameStop Corp., Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>)</li>
</ul>

<h1 class="wp-block-heading">SoFi Social 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFYF#NYSE">SFYF</a>)</h1>
<ul>
<li>Description: Tracks the top 50 stocks held in SoFi's self-directed accounts, highlighting popular choices among retail investors, including frequent meme stock picks.</li>
<li>Top Holdings: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>1-Day Return (May 13, 2024): 2.1%</li>
<li>Top Performers: GameStop Corp., Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</li>
</ul>

<h1 class="wp-block-heading">VanEck Vectors Social Sentiment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUZZ#NYSE">BUZZ</a>)</h1>
<ul>
<li>Description: Utilizes AI to analyze online content and select the 75 large-cap stocks with the most positive investor sentiment each month, reflecting current market trends.</li>
<li>Top Holdings: Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), 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>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)</li>
<li>1-Day Return (May 13, 2024): 0.9%</li>
<li>Top Performers: Rivian Automotive, Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</li>
</ul>

Now Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38792909/bitcoin-mining-stocks-marathon-digital-riot-platforms-and-cleanspark-are-moving-monday-wha">Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark Are Moving Monday: What&#8217;s Going On?</a>
Photo: Shutterstock

Large Cap

Mid Cap

Specialty ETFs

Psychology

Small Cap

AAPL

BUZZ

BYND

BYON

CLSK

COIN

GOOG

GOOGL

LCID

MARA

MRNA

MSFT

MSTR

NVDA

PARA

PARAA

SFYF

STCE

As 'Roaring Kitty' Returns, Here Are 3 ETFs To Leverage The 2024 Meme Stock Wave

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