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BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its account as well as hosting third-party Bitcoin mining servers.

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News

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

Politics

AAPL

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>

Tech

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

MSTR

'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

Media

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

A recent poll has shown a tie between President Joe Biden and former President Donald Trump in Virginia, a state that has <a href="https://www.benzinga.com/news/24/06/39241497/trump-lawyer-notified-about-concerning-facebook-post-that-claimed-prior-knowledge-of-hush-money-verd">been under Democratic control for the last two decades.</a>
What Happened: According to a <a href="https://coefficient.org/vapotus2024-memo/">poll</a> conducted by co/efficient, both Biden and Trump currently have the support of 41% of likely voters in Virginia.
This is a significant departure from the 2020 election results, where Biden secured the state with 54.15% of the vote.
The poll, which was conducted between June 11 and June 12, surveyed 851 likely voters. It revealed that 12% of voters are still undecided and 7% would vote for a third-party candidate.
However, the credibility of the poll has been questioned as polling aggregator FiveThirtyEight has given co/efficient a low rating. Other polls, including a Fox News survey and a Roanoke College poll, have also indicated a tie between Biden and Trump in Virginia.
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>
Experts believe that Virginia is one of about eight states that could determine the outcome of the November election. The first of two debates between Biden and Trump is scheduled for June 27 in Atlanta, with the presidential election slated for Nov. 5.
Why It Matters: According to a poll in May, Trump was considered a slight favorite to win the November election, despite significant obstacles. His lead in battleground states such as<a href="https://www.benzinga.com/news/24/05/39021046/donald-trump-is-a-slight-favorite-to-beat-joe-biden-but-these-five-factors-could-significantly-reduc"> Arizona, Georgia, and Michigan has been crucial.</a>
However, there has been a slight decline in Trump&#8217;s support following his recent conviction. Despite this setback, he still <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">holds a slight lead over Biden</a>, according to one poll. 
The latest poll results from Virginia, a traditionally Democratic state, indicate a potential shift in voter sentiment. This could have significant implications for the upcoming presidential election.
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: Latest Poll Results In Key State Of Virginia Spells Trouble For One Candidate And His Party

Alyssa Farah Griffin, a former official from the Trump White House, recently disclosed that ex-President Donald Trump had discussions about &#8220;executing&#8221; people in several White House meetings.
What Happened: Griffin&#8217;s revelations came to light during an interview on a new Press Club <a href="https://www.youtube.com/watch?v=84T7lz3fMA4&amp;embeds_referring_euri=https%3A%2F%2Fwww.mediaite.com%2F&amp;feature=emb_imp_woyt">podcast</a>, hosted by Aidan McLaughlin.
During the conversation, Griffin was questioned about former Trump administration officials who initially criticized Trump but later endorsed him. 
This led to her disclosing that a meeting where then-Attorney General Bill Barr claimed he couldn&#8217;t remember if Trump suggested a leaker should be &#8220;executed&#8221; was just one of several such meetings where the topic of executions came up.
&#8220;It's power. I think power is just one of the most enticing things that we have in society. [CNN anchor] Kaitlan Collins, to her credit, interviewed Bill Barr and asked about an anecdote that I had shared about a meeting he and I were both in the Oval Office, where Trump straight up said a staffer who leaked a story should be executed,&#8221; she said.
&#8220;And Bill Barr kind of danced it and said I don't recall that specific instance, but there were others where we talked about executing people. How do you rationalize that is a person fit in sound judgment to be president of the United States?&#8221; added Griffin.
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>
She also touched upon the endorsement of Trump by officials like Nikki Haley and Bill Barr, despite their previous criticism. Griffin suggested that the allure of power and the possibility of Trump&#8217;s return to presidency might be influencing their decisions.
&#8220;I really wanted to root for Nikki Haley. I think it was pathetic that she turned around and endorsed him. I think she knows better,&#8221; she added. 
<h3 class="wp-block-heading">Why It Matters</h3>
The revelations come at a time when Trump is seen as a strong contender for the 2024 presidential election. Despite several political hurdles and controversies, Trump is the <a href="https://www.benzinga.com/news/24/05/39021046/donald-trump-is-a-slight-favorite-to-beat-joe-biden-but-these-five-factors-could-significantly-reduc">slight favorite to win the November election.</a>
His lead in battleground states such as Arizona, Georgia, and Michigan has been crucial, while voter dissatisfaction with the economy and internal party conflicts have weighed on President Joe Biden.
Griffin&#8217;s revelations could potentially add to the controversies surrounding Trump and may influence the political landscape ahead of the 2024 elections.
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

Donald Trump Had Several Discussions About 'Executing' People, Says Ex-Trump Official: 'How Do You Rationalize That Is A Person Fit ... To Be President Of The United States?'

A legal marijuana program could mean substantial revenue for Florida, according to <a href="https://www.benzinga.com/markets/cannabis/24/04/38313915/cannabis-in-florida-the-bellamy-brothers-tell-trulieve-ceo-we-rolled-a-fat-one-when-legalization" target="_blank" rel="noreferrer noopener">Smart &amp; Safe Florida</a>, the group behind the <a href="https://www.benzinga.com/markets/cannabis/24/04/38037079/cannabis-execs-advocates-delighted-with-floridas-supreme-court-ruling-to-allow-legalization-amen" target="_blank" rel="noreferrer noopener">ballot measure to legalize cannabis</a>, otherwise known as Amendment 3, for adults. 
At a roundtable this week in Tampa, the organization quoted economists who estimate that legalizing marijuana could generate between $195 million and $431 million annually in sales tax revenue, proving a significant boost to the state&#8217;s economy. Florida is not unique either. Other legal <a href="https://www.benzinga.com/markets/cannabis/24/05/38712820/legal-cannabis-states-raked-in-20b-since-2014-peaking-at-4b-in-2023-new-report-shows">weed states are doing it</a> to the tune of $20 billion in tax revenue.
Sean Shaw, a local attorney, pointed out that this revenue could address various critical needs. 
"There&#8217;s infrastructure need, there&#8217;s education need, there&#8217;s behavioral studies need, there&#8217;s mental health funding, there&#8217;s juvenile justice issues," he said.
<h2 class="wp-block-heading">Young Republicans Say Yes, DeSantis Says No Way</h2>
Jake Hoffman, a business owner and executive director of Tampa Bay Young Republicans, is also on board with legalizing cannabis for adults in Florida. 
"If this money is able to offset even just a little bit and put more money back directly into the average Floridian&#8217;s pockets, then I&#8217;m for that," he said.
Despite these benefits, Governor Ron DeSantis <a href="https://www.benzinga.com/markets/cannabis/24/04/38102205/desantis-furious-as-legal-weed-abortion-rights-move-toward-november-ballot-calls-amendments-radi">vehemently opposes the initiative</a>, expressing concerns over the broad language of the amendment, its negative societal effects and <a href="https://www.benzinga.com/markets/cannabis/24/03/37588620/gops-desantis-takes-issue-with-cannabis-odor-in-public-places-says-legalization-proposal-should-">the smell</a>.
"If that marijuana passes, this will smell like marijuana. Like when you go outside, it will," he said at a Wednesday press conference. 
The governor drew applause from one faction and derisive remarks from another when he said the following at the same news conference: "I think you&#8217;re going to see people — you&#8217;ll be able to bring what, 20 joints to an elementary school."
Read more: <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">DeSantis Blasts Cannabis Legalization Amendment, Says People Will Be Able To Bring &#8217;20 Joints To An Elementary School&#8217;</a>
<h2 class="wp-block-heading">Anti-Legalization And Anti-Abortion PAC</h2>
The DeSantis team <a href="https://www.benzinga.com/markets/cannabis/24/06/39279951/desantis-new-freedom-fund-has-2-stated-goals-defeat-cannabis-legalization-and-abortion-amendment">recently launched</a> the so-called Florida Freedom Fund, the stated goals of which are to defeat <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d" target="_blank" rel="noreferrer noopener">marijuana legalization and access to abortion</a>. This is despite a recent <a href="https://www.benzinga.com/markets/cannabis/24/06/39261393/trump-holds-4-point-edge-over-biden-in-florida-rematch-can-cannabis-tilt-the-scale-as-majority-s" target="_blank" rel="noreferrer noopener">Fox News poll</a> showing that 69% of Floridians support the abortion-access initiative and 66% favor legalizing adult-use cannabis.
On April 1, the Florida Supreme Court <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d" target="_blank" rel="noreferrer noopener">approved the marijuana legalization and abortion</a> constitutional amendments, which voters will decide on <a href="https://www.benzinga.com/markets/cannabis/24/03/37992749/florida-supreme-court-shelves-cannabis-ballot-proposal-with-no-explanation-or-provisions-as-apri" target="_blank" rel="noreferrer noopener">in the November 2024 election</a>.
Meanwhile, Smart &amp; Safe Florida is moving ahead with a <a href="https://www.benzinga.com/markets/cannabis/24/06/39194907/most-florida-marijuana-is-illegal-mom-cautions-against-dangers-of-unregulated-weed-in-new-cannab">new round of ads</a> promoting the &#8220;yes&#8221; vote. The advocacy group is partly funded by <a href="https://www.benzinga.com/markets/cannabis/24/04/38077599/cannabis-companies-pony-up-15m-to-support-florida-legalization-amendment-adding-to-trulieves-40m">several cannabis companies</a>, with Trulieve (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>) leading the pack with a donation of up to at least $40 million.
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: Benzinga edit with images by&nbsp;<a href="https://www.flickr.com/people/22007612@N05" target="_blank" rel="noreferrer noopener">Gage Skidmore</a>&nbsp;from Surprise, AZ,&nbsp;USA&nbsp;–&nbsp;<a href="https://www.flickr.com/photos/gageskidmore/53299142646/" target="_blank" rel="noreferrer noopener">Ron DeSantis</a>&nbsp;via Wikimedia Commons and&nbsp;<a href="https://unsplash.com/@joseluissp_ph" target="_blank" rel="noreferrer noopener">Jose Luis Sanchez Pereyra</a>&nbsp;via Unsplash

Cannabis

Government

Regulations

Legal

TCNNF

DeSantis Can't Get Past The Odor Of Weed To Smell The Flowers — Specifically, $430M Annually In Cannabis Revenue

<a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a>, the Republican presidential candidate, will reportedly visit <a href="https://www.benzinga.com/topic/detroit" target="_blank" rel="noreferrer noopener">Detroit </a>for a roundtable discussion at a Black church, aiming to sway Black voters from President Joe Biden<a href="https://www.benzinga.com/news/24/03/37457729/trump-supporters-use-ai-generated-fake-images-to-woo-black-voters-report" target="_blank" rel="noreferrer noopener"> before the November election.</a>
The planned visit has sparked strong opposition from local Democrats and the Biden campaign, which cited Trump&#8217;s minimal efforts to improve conditions for Black communities while he was president, Reuters reported.
Check This Out: <a target="_blank" href="https://www.benzinga.com/news/24/02/37301259/donald-trump-claims-mug-shot-indictments-could-appeal-to-black-voters-sparks-controversy-ahead-of-so" rel="noreferrer noopener">Donald Trump Claims Mug Shot, Indictments Could Appeal To Black Voters, Sparks Controversy Ahead of South Carolina Primary: &#8216;That&#8217;s Why The Black People Like Me&#8217;</a>
In the past, Trump has criticized Detroit as &#8220;corrupt,&#8221; yet both he and Biden view Michigan as crucial for victory, with the state&#8217;s vote expected to be as tight as or tighter than in 2016, Reuters added.
Detroit, a Black-majority city, holds significant sway over the electoral results in Michigan.
Despite some areas experiencing economic revival, many neighborhoods still grapple with systemic inequalities and long-standing neglect. Experts emphasize that inflation and economic concerns have weighed heavily on voters&#8217; minds, according to Reuters.
Last month, Trump held a rally in the South Bronx, aiming to attract Black and Hispanic voters by highlighting concerns over cost-of-living and immigration.
Also See: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/39021246/trump-attempts-to-court-black-and-latinx-voters-in-south-bronx-campaign-rally-blames-migrants-fo" rel="noreferrer noopener">Trump Attempts To Court Black And Latinx Voters In South Bronx Campaign Rally, Blames Migrants For Economic Struggles</a>
His campaign believes there&#8217;s an opportunity among economically struggling voters, particularly men. Trump claimed, without evidence, that illegal migration disproportionately harms voters of color.
In February, Trump faced criticism for suggesting that Black voters were more supportive of him due to his legal troubles.
His claims of victimization by the justice system have resonated poorly with many Black voters, who argue that African Americans are disproportionately affected by unfairness in the criminal justice system, Reuters noted.
Read Also:<a target="_blank" href="https://www.benzinga.com/news/24/06/39219682/i-see-them-identifying-with-trump-says-50-cent-about-black-men-drifting-toward-ex-president-in-2024" rel="noreferrer noopener"> &#8216;I See Them Identifying With Trump,&#8217; Says 50 Cent About Black Men Drifting Toward Ex-President In 2024 Election</a>
Trump has also faced backlash for making inflammatory and racist remarks over the years.
Following the 2020 election, he labeled Detroit and Philadelphia as &#8220;two of the most corrupt political places&#8221; in the country, Reuters noted.
Read Next:<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39345917/is-bitcoin-pricey-at-current-levels-rich-dad-poor-day-author-robert-kiyosaki-says-k" rel="noreferrer noopener"> Is Bitcoin Pricey At Current Levels? &#8216;Rich Dad, Poor Day&#8217; Author Robert Kiyosaki Says King Crypto &#8216;Not High As It&#8217;s Going To Go&#8217;</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Equities

Donald Trump's Planned Visit To Black Church In Detroit Draws Backlash From Critics Who Say He Didn't Do Enough As President

Experts have debunked widespread social media claims about a &#8220;petrodollar&#8221; agreement between the U.S. and Saudi Arabia, which allegedly required the latter to price its crude oil exports in U.S. dollars.
What Happened: Social media platforms were abuzz with rumors about the collapse of a supposed 50-year-old &#8220;petrodollar&#8221; agreement between the U.S. and Saudi Arabia, as <a href="https://www.marketwatch.com/story/reports-of-the-petrodollar-systems-demise-are-fake-news-heres-why-4e712804">reported </a>by MarketWatch on Saturday.
The rumored agreement supposedly mandated Saudi Arabia to price its crude oil exports in U.S. dollars. Its alleged collapse was predicted to significantly impact the U.S. dollar&#8217;s status as the global reserve currency.
See Also: <a href="https://www.benzinga.com/news/24/06/39345839/trumps-niece-says-ex-president-wants-to-be-free-and-clear-to-go-after-his-political-enemies-our-best?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President Wants To Be &#8216;Free And Clear&#8217; To Go After His Political Enemies: &#8216;Our Best</a>
However, experts from Wall Street and foreign-policy sectors have dismissed these claims, asserting that such an agreement never existed. 
&#8220;The evidence for any kind of conspiracy is thin to nonexistent,&#8221; an analyst at Eurasia Group Gregory Brew told MarketWatch on Friday. &#8220;There is a very clear record of both the Americans and the Saudis being concerned in the aftermath of the global oil shock of what Saudi surpluses would do to the global economy.&#8221;
&#8220;It was a very common-sense solution to a mutual problem,&#8221; he added.
It was also rumored that Saudi Arabia is planning to replace the petrodollar with the Chinese yuan, which signal an economic shift towards East Asia and away from the U.S. However, experts have cautioned that the situation is more nuanced, as Saudi Arabia&#8217;s relations with Washington appear to be improving.
In a post on X on Friday, Brew said that the &#8220;rumors regarding the U.S.-Saudi agreement &#8216;expiring,&#8217; triggering the end of dollar dominance, are total nonsense.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I didn&#39;t want it to come to this, but you all have left me no choice: rumors regarding a 50yr US-Saudi agreement &quot;expiring,&quot; triggering the end of dollar dominance, are total nonsense. A thread: <a href="https://t.co/4JbRcwFXzs">pic.twitter.com/4JbRcwFXzs</a>
&mdash; Gregory Brew (@gbrew24) <a href="https://twitter.com/gbrew24/status/1801674058611749152?ref_src=twsrc%5Etfw">June 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Paul Donovan, chief economist at UBS Global Wealth Management, labeled the rumors as &#8220;fake news&#8221; in a blog post published on Friday.
Donovan confirmed with the outlet that an agreement was signed in June 1974, but it was unrelated to currencies. The agreement, known as the United States-Saudi Arabian Joint Commission on Economic Cooperation, was intended to last five years but was repeatedly extended.
Donovan noted that even after the 1974 agreement, Saudi Arabia kept accepting other currencies, like the British pound, for its oil. The most similar arrangement to a petrodollar deal was a confidential agreement from late 1974. This deal had Saudi Arabia investing billions from its oil sales into U.S. treasuries in return for military assistance and equipment.
Why It Matters: Despite recent indications of Saudi Arabia being more open to accepting other currencies for its oil sales, experts believe that the country&#8217;s close economic and military ties with the U.S. will continue to encourage it to seek dollars as its primary form of payment.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39285683/apple-analyst-says-you-dont-wanna-be-anywhere-near-the-stock-in-4-years-feels-wwdc-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Analyst Says &#8216;You Don&#8217;t Wanna Be Anywhere Near The Stock&#8217; In 4 Years, Feels WWDC Was Like A &#8216;Snap C</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

End of Dollar Dominance? Analyst Addresses Rumors Saudi Arabia Will Replace Dollar With Chinese Yuan

Donald Trump&#8217;s lawyers have criticized special counsel Jack Smith&#8217;s gag order request in the former president&#8217;s <a href="https://www.benzinga.com/general/politics/24/05/38657311/trump-unphased-by-gag-order-fines-jail-threats-our-constitution-is-far-more-important-than-jail" target="_blank" rel="noreferrer noopener">classified documents case in Florida.</a>
Trump&#8217;s attorneys suggested the request was an unconstitutional assault on the 2024 Republican candidate and a strategy aimed at aiding Joe Biden&#8217;s re-election campaign, <a href="https://edition.cnn.com/2024/06/14/politics/trump-gag-order-classified-documents-florida/index.html" target="_blank" rel="noreferrer noopener">reported</a> CNN. 
&#8220;In Jack Smith&#8217;s most recent shocking display of overreach and disregard for the Constitution, the Special Counsel&#8217;s Office asks the Court to enter an unconstitutional gag order as one of the release conditions on the leading candidate in the 2024 presidential election,&#8221; Trump&#8217;s attorneys wrote in a new filing, repeating their prior statements against gag orders, CNN added.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/politics/24/05/38569790/trump-uses-gag-order-fines-as-fundraising-opportunity-they-want-to-silence-me-they-think-they-ca" rel="noreferrer noopener">Trump Uses Gag Order Fines As Fundraising Opportunity: &#8216;They Want To Silence Me! They Think They Can Bleed Me Dry!&#8217;</a>
The attorneys further drew parallels, likening the request to the gag order currently imposed on Trump to the hush-money case in New York, adding, &#8220;like Manhattan District Attorney Alvin Bragg, Smith seeks to restrict President Trump&#8217;s campaign speech as the first presidential debate approaches at the end of this month.&#8221;
In late May, Smith&#8217;s attorneys requested the judge to prohibit Trump from making statements that could endanger law enforcement involved in the case, CNN added.
They cited Trump&#8217;s claims about the FBI&#8217;s readiness to shoot him and a &#8220;near-death escape&#8221; during a 2022 search of Mar-a-Lago (despite Trump being in New York at the time of the search).
Check This Out: <a href="https://www.benzinga.com/general/politics/24/04/38523639/judge-threatens-trump-with-incarceration-fines-him-for-violating-gag-order-jail-may-be-a-necessa" target="_blank" rel="noreferrer noopener">J</a><a href="https://www.benzinga.com/general/politics/24/04/38523639/judge-threatens-trump-with-incarceration-fines-him-for-violating-gag-order-jail-may-be-a-necessa" target="_blank" rel="noreferrer noopener">udge Threatens Trump With Incarceration, Fines Him For Violating Gag Order: &#8216;Jail May Be A Necessary Punishment&#8217;</a>
Prosecutors emphasized that Trump&#8217;s claims regarding the FBI&#8217;s search plan, which was disclosed to the defense, were completely untrue.
They criticized Trump for misleadingly accusing the FBI of having a special deadly force policy, which they clarified is standard procedure applied to numerous warrants executed by the bureau.
They also noted that both the FBI and Attorney General Merrick Garland have affirmed the normalcy of this policy, highlighting its application during the investigation of President Joe Biden&#8217;s Delaware residence concerning classified information, according to CNN. 
In the filing Friday, Trump&#8217;s attorneys said prosecutors have not presented &#8220;any evidence of threats or harassment resulting from President Trump&#8217;s protected speech.&#8221;
&#8220;Not a single FBI agent who participated in the raid submitted an affidavit, or even an argument, claiming that President Trump&#8217;s remarks put them at risk,&#8221; his attorneys wrote.
Read Next: <a href="https://www.benzinga.com/24/06/39346128/financial-guru-josh-brown-explains-why-investors-should-get-out-of-cash-right-now" target="_blank" rel="noreferrer noopener">Financial Guru Josh Brown Explains Why Investors Should &#8216;Get Out Of Cash&#8217; Right Now</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 Lawyers Blast Special Counsel's Gag Order Request In Classified Documents Case: 'Shocking Display Of Overreach And Disregard For the Constitution'

Bitmine Immersion Technologies (BMNR) Revolutionizing Bitcoin Mining With Immersion Technology

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Bit Digital, BitMine Immersion Technologies Report Signing Of Letter Of Intent To Establish Hosting Relationship Starting With 7K Current Generation ASIC Miners

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