Coastal Finl (NASDAQ:CCB) Stock, Quote.Headers.trade-ideas

Coastal Finl

Coastal Financial Corp is a financial service provider. The company provides banking products and services to consumers and small to medium-sized businesses. Its business is conducted through three reportable segments: The community bank, CCBX, and treasury & administration. The primary focus of the community bank is on providing a wide range of banking products and services to consumers and small to medium-sized businesses in the broader Puget Sound region in the state of Washington and through the Internet and mobile banking applications.

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The Regional Banking ETF is down 13% since the collapse of Silicon Valley Bank in 2023, indicating investor distrust. Q1 earnings show resilience in the sector with positive revenue difference.

Regional Banks Yet To Recover From SVB Collapse: Time To Invest In The Top Banking ETF?

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	Ainos, Inc. (NASDAQ: AIMD) shares jumped 69.3% to $1.27 after the company announced it signed a Memorandum of Understanding with Merdury Biopharmaceutical to jointly explore and develop a strategic business relationship.


Why RAPT Therapeutics Shares Are Trading Lower By Over 30%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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U.S. stocks traded higher, with the Nasdaq Composite gaining more than 200 points on Tuesday. Here are some big stocks recording gains in today’s session.

First Republic Bank, PacWest Bancorp, Western Alliance Bancorporation And Other Big Stocks Moving Higher On Tuesday

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U.K. Construction Purchasing Managers Index For September 57.2 Vs. 53.1 Est.; 53.6 Prior

Accolade, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) will release earnings results for its second quarter, before the <a href="https://www.benzinga.com/quote/ACCD/earnings">opening bell on Tuesday, Oct. 8.</a>
Analysts expect the Seattle, Washington-based company to report a quarterly loss at 44 cents per share, versus a year-ago loss of 43 cents per share. Accolade is projected to post quarterly revenue of $105.01 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On June 27, Accolade reported first-quarter financial results and issued worse-than-expected FY25 revenue guidance.
Accolade shares fell 2.4% to close at $3.68 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>G<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c2a8e2b85e930001ba538b/sandy-draper">uggenheim analyst Sandy Draper</a> maintained a Buy rating and cut the price target from $13 to $6 on June 28. This analyst has an accuracy rate of 72%.</li>
<li>Stifel analyst David Grossman maintained a Buy rating and cut the price target from $13 to $8 on June 28. This analyst has an accuracy rate of 61%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/581084a2846faa00014d5429/ricky-goldwasser">Morgan Stanley analyst Ricky Goldwasser</a> maintained an Equal-Weight rating and cut the price target from $12 to $6 on June 28. This analyst has an accuracy rate of 74%.</li>
<li>Needham analyst Ryan MacDonald maintained a Buy rating and slashed the price target from $13 to $8 on June 28. This analyst has an accuracy rate of 62%.</li>
<li>Raymond James analyst maintained an Outperform rating and raised the price target from $12 to $16 on Jan. 9. This analyst has an accuracy rate of 78%.</li>
</ul>
Considering buying ACCD stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04031741/image-15-1024x502.png" alt="" class="wp-image-580090" style="width:651px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04031741/image-15-1024x502.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04031741/image-15-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04031741/image-15-768x376.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04031741/image-15.png 1328w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

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Price Target

Analyst Ratings

ACCD

Top Wall Street Forecasters Revamp Accolade Price Expectations Ahead Of Q2 Earnings

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, amid growing concerns in the Middle East. All three major indices are on course to record losses this week, with the Dow and S&amp;P 500 losing 0.7% each.
Shares of Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) fell around 8% on Thursday after the company reported worse-than-expected third-quarter sales results and issued its FY24 adjusted EPS guidance with its midpoint below estimates. The company began a strategic review for its Dockers brand and is exploring a potential sale or other strategic transactions.
On the economic data front, U.S. initial jobless claims increased by 6,000 from the prior week to 225,000 during the week ended Sept. 28, compared to market estimates of 220,000. The S&amp;P Global services PMI was revised lower to 55.2 in September compared to a preliminary reading of 55.4, versus a reading of 55.7 in August. The S&amp;P Global U.S. composite PMI sipped to 54 in September versus a preliminary reading of 54.4, and versus 54.6 in August.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, materials, and real estate stocks recording the biggest losses on Thursday. However, energy and information technology stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 185 points to 42,011.59 on Thursday. The S&amp;P 500 fell 0.17% to 5,699.94, while the Nasdaq Composite slipped 0.04% at 17,918.47 during Thursday's session.
Investors are awaiting earnings results from Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 67.2, the index remained in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 69.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41172520/wall-streets-most-accurate-analysts-spotlight-on-3-defensive-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Long Ideas

Pre-Market Outlook

APOG

LEVI

Dow Tumbles Nearly 200 Points Amid Growing Middle East Concerns: Investor Optimism Declines, Fear Index Remains In 'Greed' Zone

ByteDance, the company behind TikTok, has introduced a powerful web scraper named &#8220;Bytespider.&#8221; Launched in April, Bytespider is recognized as one of the most aggressive data collectors online, outpacing other major tech firms significantly in terms of data collection speed.
What Happened: Research conducted by Kasada, a bot management company, and Dark Visitors, a group monitoring scraper bots, confirmed Bytespider&#8217;s activity. According to Kasada CEO Sam Crowther, Bytespider collects data 25 times faster than GPTbot, utilized by OpenAI for ChatGPT, and 3,000 times faster than ClaudeBot from Anthropic, Fortune <a href="https://fortune.com/2024/10/03/bytedance-tiktok-bytespider-scraper-bot/">reported</a> on Friday.
Despite the looming threat of a U.S. ban on TikTok, ByteDance continues its aggressive data collection strategy. President Joe Biden has demanded the sale or shutdown of TikTok due to national security concerns. Bytespider&#8217;s disregard for robots.txt, a voluntary code that advises scrapers to avoid certain websites, adds to the controversy.
See Also: <a href="https://www.benzinga.com/news/24/09/41086806/elon-musk-mocks-vinod-khosla-after-openai-investor-mixes-up-argentinas-poverty-and-unemployment-rate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Mocks Vinod Khosla After OpenAI Investor Mixes Up Argentina&#8217;s Poverty And Unemployment Rates To</a>
The increase in web scraping is linked to ByteDance&#8217;s development of a new large language model (LLM) to improve TikTok&#8217;s search capabilities. A recent update to TikTok&#8217;s search function allows real-time keyword searches for ads, potentially enhancing ad visibility.
ByteDance has yet to respond to Benzinga&#8217;s queries.
Why It Matters: The aggressive web scraping by ByteDance follows a trend among major tech companies. In June, <a href="https://www.benzinga.com/news/24/06/39443965/openai-and-anthropic-allegedly-ignore-web-scraping-rules-stirring-controversy">OpenAI and Anthropic</a> were reported to have ignored web scraping rules, bypassing the robots.txt protocol to gather free data for AI model training. This practice has sparked controversy, highlighting the tension between AI development and data privacy.
In August, NVIDIA faced scrutiny for <a href="https://www.benzinga.com/news/24/08/40188595/nvidia-reportedly-involved-in-extensive-video-scraping-involving-popular-tech-youtuber-marques-brown">scraping videos from platforms</a> like YouTube to train its AI models. This revelation raised concerns about content creators&#8217; rights and the ethical implications of using publicly available data without explicit consent.
Similarly, in September, <a href="https://www.benzinga.com/news/24/09/40931968/microsofts-linkedin-in-hot-water-for-allegedly-using-data-of-users-for-training-ai-before-updating-t">Microsoft&#8217;s </a><a href="https://www.benzinga.com/news/24/09/40931968/microsofts-linkedin-in-hot-water-for-allegedly-using-data-of-users-for-training-ai-before-updating-t">owned</a><a href="https://www.benzinga.com/news/24/09/40931968/microsofts-linkedin-in-hot-water-for-allegedly-using-data-of-users-for-training-ai-before-updating-t"> LinkedIn</a> was criticized for using user data for AI training without updating its terms of service, particularly affecting users in the U.S. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41156902/elon-musk-says-openai-is-evil-after-chatgpt-parent-reportedly-asked-investors-not-to-invest-in-rival?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says &#8216;OpenAI Is Evil&#8217; After ChatGPT-Parent Reportedly Asked Investors Not To Invest In Rivals, Including xAI: Ark&#8217;s Cathie Wood Says It&#8217;s &#8216;Not True&#8217; (Updated)</a></li>
</ul>
Photo by XanderSt on Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Tech

General

With TikTok Ban Looming Large, Parent ByteDance's Web Scraping Bot Draws Attention For Being More Aggressive Than The One ChatGPT Uses: Report

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has been the <a href="https://www.benzinga.com/general/education/24/10/41163360/if-you-invested-1-000-in-facebook-stock-when-mark-zuckerberg-changed-name-to-meta-heres-how-muc">second best-performing Magnificent 7 stock this year</a> after artificial intelligence stalwart Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). The stock rally has nudged its co-founder and CEO, Mark Zuckerberg, to be higher on the list of the world&#8217;s wealthiest people.
Zuckerberg Pips Past Bezos: Bloomberg&#8217;s updated billionaire list shows Zuckerberg rising in rank and becoming the world&#8217;s second-richest person after Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk. The loser was Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos, who had stepped down from an active management role in the company that he founded in 1994. Bezos ceded his second position to the Meta CEO amid the relative outperformance of the social-media giant&#8217;s stock.
Here&#8217;s how the two stocks fared this year:
<figure class="wp-block-image size-large is-resized wp-duotone-unset-1"><img loading="lazy" decoding="async" width="1024" height="440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-1024x440.png" alt="" class="wp-image-579923" style="width:924px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-1024x440.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-300x129.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-768x330.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6-1536x660.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04011143/image-2-6.png 1890w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart Courtesy of Benzinga Pro
Meta has gained over 64% for the year-to-date period compared to Amazon&#8217;s roughly 20% gain. After moving almost in tandem with Meta, albeit with a more modest gain, for much of the year, Amazon has clearly begun diverging since late September.
Zuckerberg&#8217;s net worth is $206 billion, slightly higher than Bezos&#8217; $205 billion. More importantly, the Meta CEO is only $50 billion in deficit versus Musk&#8217;s wealth. It could come as no surprise if he soon takes over the crown from Musk, given Meta&#8217;s potential versus Tesla&#8217;s pitfalls. Tesla is still struggling to turn around its core electric-vehicle business to trend-like growth and promising opportunities such as full self-driving technology and robotaxi are expected only to be long-term drivers.
Be it Zuckerberg or Bezos, much of their wealth is tied to stock ownership in the respective companies they founded. Stock vagaries could therefore play a key role in deciding their fortunes.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-facebook-stock">How To Buy Meta (Formerly Facebook) Stock</a>
What&#8217;s Firing Up Facebook Parent: Meta was among the COVID-19 play that benefited from the work-from-home and lockdown restrictions that were in place then. The pandemic rally stalled in Sept. 2021, and the stock began a year-long secular downtrend until early November 2022. Declines in both top and bottom-line figures amid an ad spending slowdown, investment into the loss-making Reality Labs division, Apple‘s privacy initiatives, and a competitive threat from TikTok all served as drags.
Meta&#8217;s management though was quick with resuscitation measures and unveiled strategic plans to streamline operations and navigate through adverse conditions. In Nov. 2022, the company announced a significant workforce reduction, eliminating 11,000 employees as the initial step.
In a letter to employees detailing the layoffs, CEO&nbsp;Mark Zuckerberg&nbsp;outlined additional measures, including desk sharing for remote workers, infrastructure review for spending cuts, and a hiring freeze until the first quarter of 2023. The market responded positively to these resuscitation measures, leading to a rebound in Meta's stock from its six-year low.
Meta&#8217;s AI pivot and the Metaverse project also helped rekindle investor interest in the stock. After bottoming in Oct. 2022, the stock has been on a broader steady uptrend. The Meta Connect 2024 held in late September has proved salubrious for the stock. The company announced AI-driven chatbots, an update to its Llama large-language model, the latest Ray-Ban smart glasses with improved camera functionality, voice controls, and deeper integration with AI, Meta Quest 4, the next-generation virtual reality headset, and the Orion augmented reality glasses.
Amazon&#8217;s Lags: Amazon, though operating in multiple technology areas, still derives the bulk of its revenue from its core e-commerce business, with much of the revenue collected from North America. The prospects of the business are strongly tied to consumer spending, which has remained uncertain in the current economic cycle.
The company has built up, or integrated scores of other businesses, including its AWS cloud computing business, Zoox, a self-driving car division, Kuiper Systems, a satellite Internet provider, and Amazon Lab126, a computer hardware R&amp;D provider. Its subsidiaries include Ring, Twitch, IMDb, and brick-and-mortar grocery retailer Whole Foods Market.
In a note released on Thursday, Morgan Stanley analyst Brian Nowak sounded out near-term risks. <a href="https://www.benzinga.com/news/24/10/41169322/amazons-profitable-essential-merchandise-efficiency-gains-set-to-drive-growth-analyst">&#8220;We still see tactical risk to 4Q EBIT guide </a>as AMZN invests to drive its faster-growing, lower-margin essentials business through a competitive holiday,&#8221; the analyst said.
Nowak, however, committed to the stock medium- and long-term. He said he would buy any weakness as he believes the company will make low-priced essentials profitable and will pursue a cost structure that provides visibility into a path to $8-$9 of free cash flow.
Meta closed Thursday&#8217;s session 1.74% higher at $582.77, while Amazon fell 1.52% to $181.96, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data. </a>Amazon stock has been on a seven-session losing streak amid worries concerning the holiday season after the company&#8217;s temporary holiday hiring plan revealed a flattish trend.
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</ul>
Image via Shutterstock

Education

AMZN

NVDA

TSLA

Mark Zuckerberg Bulldozes Past Jeff Bezos To Become World's 2nd Richest Person As Meta Stock Soars: Is Musk's Top Spot In Jeopardy?

An Australian court has upheld a $418,000 fine against Tesla and SpaceX CEO Elon Musk&#8217;s social media platform X, formerly Twitter, for not complying with a regulator&#8217;s request for information on <a href="https://www.benzinga.com/news/24/09/40784803/after-feud-with-elon-musk-and-mark-zuckerberg-australian-pm-anthony-albanese-set-to-ban-social-media">anti-child-abuse practices</a>.
What Happened: The Federal Court of Australia&nbsp;confirmed the fine against X, which had contested the penalty, reported Reuters on Friday.
The court ruled that X was obligated&nbsp;to respond to a notice&nbsp;from the eSafety Commissioner, an&nbsp;internet safety regulator, seeking details about measures to combat&nbsp;child sexual exploitation material on the platform.
X had argued that it was not obligated&nbsp;to respond to the notice&nbsp;in early 2023 as it had been incorporated&nbsp;into a new Musk-controlled corporate&nbsp;entity, thereby eliminating liability.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s SearchGPT Set To Disrupt Google&#8217;s Search Empire As Former Engineer Sounds Alarm On Deteriorating User Experience Amid Rising Competition</a>
Following the verdict, eSafety Commissioner Julie Inman Grant&nbsp;said,&nbsp;&#8220;Had X Corp&#8217;s argument been&nbsp;accepted by the Court it&nbsp;could have set the concerning&nbsp;precedent that a foreign company&#8217;s&nbsp;merger with another foreign company&nbsp;might enable it to avoid&nbsp;regulatory obligations in Australia.&#8221;
The eSafety Commissioner has also initiated civil proceedings against X due to&nbsp;its noncompliance, the report noted.
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: This development is part of a larger narrative involving the Australian government&#8217;s increasing scrutiny of social media platforms.
In April 2024, Musk responded&nbsp;to Australian Prime Minister Anthony Albanese&#8217;s criticism over <a href="https://www.benzinga.com/news/24/04/38368734/elon-musk-hits-back-at-australias-leader-amid-row-over-removal-of-violent-video-from-x-does-the-pm-t">removing a violent video</a> from X.
The following month, he criticized&nbsp;the Australian government&#8217;s call <a href="https://www.benzinga.com/news/24/05/38774256/elon-musk-slams-australian-government-for-saying-social-license-is-required-amid-tussle-with-x-doubt">for a &#8220;social license&#8221; for social media</a> platforms.
Meanwhile, Australian Prime Minister Albanese has targeted Mark Zuckerberg-led Meta Platforms Inc. too for its behavior and urged the social media giant to continue <a href="https://www.benzinga.com/news/24/06/39562479/australian-pm-slams-meta-as-arrogant-and-irresponsible-urges-payment-to-news-outlets-they-should-ful">paying local media organizations</a> for their content.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41156902/elon-musk-says-openai-is-evil-after-chatgpt-parent-reportedly-asked-investors-not-to-invest-in-rival?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says &#8216;OpenAI Is Evil&#8217; After ChatGPT-Parent Reportedly Asked Investors Not To Invest In Rivals, Including xAI: Ark&#8217;s Cathie Wood Says It&#8217;s &#8216;Not True&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Media

Elon Musk's X Fined $418K After Failing To Escape Anti-Child Abuse Probe By Citing Merger

Mining revenue in September 2024 amounted to&nbsp;$2.2 million&nbsp;down from&nbsp;$2.3 million&nbsp;in August 2024. Mining margin for the&nbsp;third quarter&nbsp;was below&nbsp;10%, lower than the&nbsp;second quarter&nbsp;as a result of the lower hash price realized in the&nbsp;third quarter&nbsp;versus the&nbsp;second quarter, and higher power prices. As at 30 September 2024, the Company held 4 BTC equivalent.

ARBK

Argo Blockchain Reports Bitcoin Mining Revenue Of $2.2M For September 2024 Down From $2.3M In August 2024

An upcoming documentary, revolving around the identity of Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mysterious creator, Satoshi Nakamoto, has piqued interest in the cryptocurrency world.
What Happened: A captivating trailer of the documentary titled &#8216;Money Electric: The Bitcoin Mystery&#8221; was dropped by HBO&#8217;s official social channels, claiming to &#8220;unravel&#8221; the &#8220;internet&#8217;s biggest mystery.&#8221;
The documentary included extracts from an interview with Blockstream CEO Adam Back, who <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">claimed to have had email correspondence with the pseudonymous creator</a> and was previously speculated to be Nakamoto himself.
Popular theories like collaboration with the government and Satoshi being not one but a group of people were also featured in the 2:30-minute trailer.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In the future of money, who holds the power? The <a href="https://twitter.com/HBO?ref_src=twsrc%5Etfw">@HBO</a> Original Documentary <a href="https://twitter.com/hashtag/MoneyElectric?src=hash&amp;ref_src=twsrc%5Etfw">#MoneyElectric</a>: The Bitcoin Mystery premieres October 8 on <a href="https://twitter.com/StreamOnMax?ref_src=twsrc%5Etfw">@StreamOnMax</a>. <a href="https://t.co/3gEwTqYaAq">pic.twitter.com/3gEwTqYaAq</a>
&mdash; HBO Documentaries (@HBODocs) <a href="https://twitter.com/HBODocs/status/1841863278709915739?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41177884/mark-cuban-an-ardent-kamala-harris-supporter-isnt-keen-on-elizabeth-warren-as-he-is-on-her">Mark Cuban, An Ardent Kamala Harris Supporter, Isn&#8217;t Keen On Elizabeth Warren As He Is On Her Pro-Crypto GOP Rival: Here&#8217;s Why</a>
Why It Matters: The identity of Satoshi Nakamoto has been a subject of intense speculation and intrigue since the inception of Bitcoin. 
Apart from Back, Australian computer scientist&nbsp;Craig Wright, late American software developer Hal Finney, and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) creator Charlie Lee&#8216;s names have been <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">suspected of being Nakamoto</a>.
That said, in July earlier this year, Wright, who had himself claimed to be Nakamoto, was <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39808275/craig-wright-adds-disclaimer-to-website-admitting-hes-not-bitcoin-founder-satoshi-nakamoto">ordered by a UK judge to publicly deny</a> being the Bitcoin founder.
As reported in a <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37342088/what-is-going-on-with-bitcoin-founder-satoshi-nakamoto">Benzinga article</a> from February 2024, Nakamoto&#8217;s true identity remains a closely guarded secret, with the pseudonymous creator currently ranked as the 26th richest person in the world.
Nakamoto is purported to have&nbsp;<a href="https://www.arkhamintelligence.com/research/who-owns-the-most-bitcoin-2023-edition" target="_blank" rel="noreferrer noopener">1.1 million</a>&nbsp;Bitcoin as of February 2024, according to on-chain analytics platform Arkham Intelligence, making him one of the richest people in the world.
Price Action: At the time of writing, Bitcoin was exchanging hands at $61,155.33, up 0.04% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo via Shutterstock
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Satoshi Nakamoto About To Be Unveiled? Bitcoin Creator's Identity Focal Point Of Upcoming HBO Documentary

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) sold <a href="https://www.benzinga.com/markets/equities/24/10/41144884/fords-us-sales-edge-up-in-q3-ev-sales-continue-to-climb">23,509 electric vehicles</a> in the three months through the end of September, marking a jump of 12.2% from the corresponding period last year, despite a sales slump for its Mustang Mach-E SUV.
What Happened: Mustang Mach-E was Ford&#8217;s best-selling EV in the quarter but sales dropped by nearly 10% from the corresponding quarter last year. 
The drop in sales of the Mach-E was balanced by a rise in sales of its other two EV offerings in the U.S., namely the F-150 Lightning and the E-transit electric van. While the Lightning electric pickup truck saw its sales rise by 104.5% in the third quarter, the E-transit vans saw sales jump by 13%. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model</td>
<td>Q3 Sales</td>
</tr>
<tr>
<td>Mustang Mach-E</td>
<td>13,392</td>
</tr>
<tr>
<td>F-150 Lightning</td>
<td>7,162</td>
</tr>
<tr>
<td>E-Transit</td>
<td>2,955</td>
</tr>
<tr>
<td>Total</td>
<td>23,509</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Ford</figcaption></figure>
However, Ford sold 23,957 electric vehicles in the second quarter in the U.S., implying sales fell 1.9% quarter-on-quarter. 
Why It Matters: Ford&#8217;s rival General Motors sold 32,095 electric vehicles in the last quarter on the back of its newer offerings. The company&#8217;s best-selling EV in the period was the <a href="https://www.benzinga.com/news/24/10/41136007/gms-ev-sales-rise-in-q3-on-the-back-of-new-models-chevrolet-equinox-ev-tops-charts">Chevrolet Equinox EV</a> which started sales in May 2024.
Ford, in comparison, has an aged and smaller lineup. 
In August, Ford said that it is&nbsp;<a href="https://www.benzinga.com/top-stories/24/08/40496864/ford-scraps-electric-suv-as-it-adjusts-to-lower-electric-vehicle-demand" target="_blank" rel="noreferrer noopener">killing its plans to build a three-row electric SUV</a>, initially slated for production in 2025. The company also postponed its plans for a new electric version of its F-150 pickup to 2027 and said it will start making a new electric commercial van in 2026.
More details on the company's EV strategy are now expected in the first half of 2025.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo courtesy: Ford

Ford's US EV Sales Gather Pace In Q3 Even As Its Best-Seller Mustang Mach-E SUV Slows Down

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Apogee Enterprises Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) to report quarterly earnings at $1.23 per share on revenue of $335.29 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Apogee shares rose 0.1% to $68.50 in after-hours trading.</li>
<li>Smart Sand, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) declared a special cash dividend of 10 cents per share and authorized a $10 million buyback. Smart Sand shares jumped 14% to $2.28 in the after-hours trading session.</li>
<li>Analysts expect Lifecore Biomedical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFCR#NASDAQ">LFCR</a>) to post a quarterly loss at 47 cents per share on revenue of $23.18 million for the latest quarter. The company will release earnings after the markets close. Lifecore Biomedical shares fell 5.3% to close at $4.7050 on Thursday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
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<li>Martin Midstream Partners L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) agreed to be acquired by Martin Resource Management. Martin Midstream Partners shares jumped 9.7% to $3.95 in the after-hours trading session.</li>
<li>AgEagle Aerial Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NYSE">UAVS</a>) announced a reverse stock split of 1-for-50 shares of common stock. AgEagle Aerial Systems shares fell 5.4% to $0.1150 in the after-hours trading session.</li>
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Apogee Enterprises, Smart Sand And 3 Stocks To Watch Heading Into Friday

A heated exchange between prominent economist Justin Wolfers and Sen. J.D. Vance (R-Ohio) has reignited the debate over immigration&#8217;s economic impact, highlighting conflicting interpretations of <a href="https://www.benzinga.com/news/24/10/41134015/jd-vance-tim-walz-debate-sets-a-different-tone-candidates-discuss-israel-iran-escalation-immigration">federal data and academic research</a>.
What Happened: The dispute began when Vance, former President Donald Trump&#8216;s running mate, cited studies suggesting immigration increases housing costs and strains local budgets. Wolfers, a professor at the University of Michigan, swiftly countered, accusing the senator of misleading the public by selectively quoting from a Congressional Budget Office (CBO) report.
&#8220;Senator, you&#8217;re misleading folks again,&#8221; Wolfers wrote on X, formerly Twitter. &#8220;I just read the CBO report you recommend. It actually says that an immigration surge boosts federal revenues quite dramatically, and has only a small effect on mandatory spending and interest.&#8221;
At the heart of the disagreement is a CBO study on immigration&#8217;s fiscal effects. Vance highlighted a portion suggesting increased state and local government spending due to immigration. However, Wolfers argued this quote was taken out of context, emphasizing that the report primarily focused on federal budget impacts.
<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">Senator, you&#39;re misleading folks again. I just read the CBO report you recommend. It actually says that an immigration surge boosts federal revenues quite dramatically, and has only a small effect on mandatory spending and interest. <a href="https://t.co/GSAEdrUK8T">https://t.co/GSAEdrUK8T</a> <a href="https://t.co/L1SuvvVqwv">pic.twitter.com/L1SuvvVqwv</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1841565679503474974?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;The CBO study @JDVance cites analyzes how immigration improves the federal budget,&#8221; Wolfers explained. &#8220;Yet he pulls a misleading quote, talking about the effects of state and local budgets and ignoring the (likely larger) federal govt impacts.&#8221;
Vance&#8217;s initial <a href="https://x.com/JDVance/status/1841338114897293712">post</a> included references to other studies, including one published in the Journal of Housing Economics, which suggested immigration inflows correlate with increased rents and house prices in metropolitan areas. 
He also cited remarks by Federal Reserve Governor Michelle Bowman on potential upward pressure on rents due to immigration in areas with low affordable housing inventory.
Wolfers, however, maintained that the overall economic picture painted by the CBO report was far more positive. &#8220;My conclusions: First, a surge of immigrants will dramatically reduce the federal deficit. (Vance ignores this.) Second, I concede that it will likely raise state and local deficits. (He quotes this) In sum: It seems likely that the former is a bit larger than the latter,&#8221; Wolfers stated.
<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">My conclusions: First, a surge of immigrants will dramatically reduce the federal deficit. (Vance ignores this.) Second, I concede that it will likely raise state and local deficits. (He quotes this) In sum: It seems likely that the former is a bit larger than the latter.
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1841565692031861043?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The economist urged the public to read the full CBO report, available at cbo.gov, to gain a comprehensive understanding of the issue. He emphasized the importance of considering both federal and local impacts when evaluating immigration&#8217;s economic effects.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40752387/treasury-yields-plunge-tlt-etf-tops-100-vix-spikes-as-50-basis-point-rate-cut-odds-soar-in-respo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Treasury Yields Plunge, TLT ETF Tops $100, VIX Spikes As 50-Basis-Point Rate Cut Odds Soar In Response To Jobs Data</a>
Why It Matters: The controversy unfolds against the backdrop of ongoing national discussions about immigration policy, housing affordability, and fiscal responsibility. With the 2024 presidential election approaching, these issues are likely to remain at the forefront of political and economic debates.
This exchange comes amid heightened political discussions on immigration, particularly following the recent vice-presidential debate between Vance and Minnesota Governor Tim Walz. 
During the debate, Vance and Walz discussed various issues, including immigration policies and their economic implications. The debate, held in New York City, was part of the 2024 election cycle and <a href="https://www.benzinga.com/news/24/10/41134015/jd-vance-tim-walz-debate-sets-a-different-tone-candidates-discuss-israel-iran-escalation-immigration">followed a presidential debate</a> where Democratic nominee Kamala Harris emerged victorious over Trump.
Previously, Wolfers had expressed concerns about the <a href="https://www.benzinga.com/news/24/08/40411962/justin-wolfers-warns-of-inflationary-impact-of-trumps-policies-disputes-jd-vances-promise-of-afforda">inflationary effects of Trump&#8217;s economic policies</a>, disputing Vance&#8217;s promises of affordable groceries and housing. 
Wolfers has been vocal about his skepticism regarding the competency of Trump&#8217;s economic team, describing it as &#8220;the least impressive list of economists in history&#8221; and criticizing Trump&#8217;s approach to policy-making.
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Image via Wikimedia Commons
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

JD Vance Gets Slammed Over Misleading Immigration Claims By Leading Economist: 'Surge Of Immigrants Will Dramatically Reduce The Federal Deficit'

Renowned economist Claudia Sahm, the inventor of Sahm&#8217;s Rule, offered her perspective on the complex economic landscape facing the Federal Reserve. As the central bank navigates through a potential easing cycle, various factors including labor strikes and natural disasters are <a href="https://www.benzinga.com/news/24/10/41177060/port-strike-ends-workers-return-to-work-friday">complicating the interpretation of economic data</a>.
What Happened:&nbsp;Sahm highlighted the potential impact of ongoing strikes on labor market data. &#8220;If the strike would go on, that can be relatively easy to see in the data,&#8221; she explained in a recent interview with CNBC Overtime. 
The economist drew parallels to recent hurricane events, noting the challenges in isolating their effects on labor market statistics. &#8220;We&#8217;ve been dealing with [hurricanes] the last couple months, trying to parse those in and out of the labor market data,&#8221; Sahm stated.
Despite these potential disruptions, Sahm suggested that the current month&#8217;s data might be relatively &#8220;clean,&#8221; free from major events that could skew interpretation. However, she emphasized the importance of upcoming reports, as they will reflect conditions after the Federal Reserve began its easing cycle.
&#8220;The data we&#8217;re getting comes to us&#8230; We measured before the Fed began their easing cycle,&#8221; Sahm noted. She added, &#8220;We had seen those 50 basis points, so you throw that in the next two [reports], it&#8217;s going to be very interesting to get any kind of sign on how their interest rates are affecting the labor market.&#8221;
The coming weeks are poised to be crucial for economic analysis. With one more job report expected before the next Federal Open Market Committee meeting, analysts will be closely watching for signs of how recent events might impact the data.
Sahm warned of potential complications, mentioning the &#8220;devastating Hurricane Helene&#8221; and ongoing labor disputes. &#8220;We have a big port strike finishing its third day,&#8221; she added, highlighting the diverse factors that could influence economic indicators. Sahm succinctly put it as, &#8220;It&#8217;s going to be messy.&#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">Former Fed economist <a href="https://twitter.com/Claudia_Sahm?ref_src=twsrc%5Etfw">@Claudia_Sahm</a> on whether Hurricane Helene and the ports labor strike could impact upcoming jobs report. <a href="https://t.co/sTX1iwkO6J">pic.twitter.com/sTX1iwkO6J</a>
&mdash; CNBCOvertime (@CNBCOvertime) <a href="https://twitter.com/CNBCOvertime/status/1841941364503707857?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">See Also: <a href="https://www.benzinga.com/news/24/10/41177060/port-strike-ends-workers-return-to-work-friday">Port Strike Ends, Workers In A Tentative Deal Return To Work Friday</a></figcaption></figure>
Why It Matters: The recent end of a <a href="https://www.benzinga.com/news/24/10/41177060/port-strike-ends-workers-return-to-work-friday">port strike</a> on the East and Gulf coasts, following a tentative agreement, resolved a labor dispute that threatened supply chains. The deal included a significant wage increase and improved conditions, which may influence labor market dynamics.
Meanwhile, <a href="https://www.benzinga.com/news/24/10/41126631/hurricane-helene-devastation-the-latest-on-damage-companies-affected">Hurricane Helene</a> caused extensive damage, affecting utility services and leaving many without power. 
The upcoming <a href="https://www.benzinga.com/trading-ideas/previews/24/10/41170128/jobs-report-preview-could-september-labor-data-shift-feds-interest-rate-path">September jobs report</a> is crucial as it may influence the Federal Reserve&#8217;s interest rate decisions. Economists predict a slight decline in nonfarm payrolls, which could impact the Fed&#8217;s strategy.
Read Next: 
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Image via Dall-E 3
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Sahm's Rule Inventor Warns Of 'Messy' Economic Data As Fed Treads Easing Cycle Amid Labor Disputes And Hurricane Helene Impact

TWKS

Reported Earlier, Thoughtworks And AI Singapore Team Up To Advance Reliability Of AI And Its Adoption

U.K.-based fintech company&nbsp;Revolut&nbsp;has called on Mark Zuckerberg-led&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to help cover the costs of reimbursing victims of fraud.
What Happened: On Thursday, Woody Malouf, Revolut&#8217;s head of financial crime, dismissed Meta&#8217;s initiative to &#8220;launch a data-sharing partnership with U.K. banks and financial institutions to prevent fraud,&#8221; calling it insufficient.
Malouf argued that tech platforms like Meta bear&nbsp;no responsibility in reimbursing victims,&nbsp;thus lacking incentive to tackle the issue.
&#8220;These platforms share no responsibility in reimbursing victims, and so they have no incentive to do anything about it. A commitment to data sharing, albeit needed, simply isn't good enough,&#8221; he stated.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41086806/elon-musk-mocks-vinod-khosla-after-openai-investor-mixes-up-argentinas-poverty-and-unemployment-rate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Mocks Vinod Khosla After OpenAI Investor Mixes Up Argentina&#8217;s Poverty And Unemployment Rates To Draw Parallels Between Javier Milei And Trump: &#8216;Vinod Is Just Actually Not Smart&#8217;</a>
According to a new report from Revolut released on the same day, 69% of scams reported by U.K. customers in the first half of this year originated from Meta platforms, including Facebook and Instagram.
This marked an increase from 67% in the second half of last year.
&#8220;We are confident in the steps the UK government is taking to tackle fraud, but what is urgently needed now is for Meta and other social media companies to commit to supporting victims of fraud in the same way financial institutions do. Their silence on this issue says it all,&#8221; said Malouf.
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: This is not the first time Meta has faced criticism for its role in fraud cases.
Earlier this year,&nbsp;<a href="https://www.benzinga.com/news/24/03/37554106/facebook-and-instagrams-marketplace-practices-under-ftc-radar-in-south-korea-for-user-safety-slip-up">South Korea&#8217;s antitrust watchdog</a> considered sanctions against Meta&nbsp;due to alleged shortcomings in consumer protection on its online marketplaces.
In December 2022,&nbsp;Zuckerberg was sued&nbsp;for his platform&#8217;s role in a <a href="https://www.benzinga.com/markets/cannabis/22/12/29991373/mark-zuckerberg-sued-for-aiding-and-abetting-aggravated-marijuana-investment-fraud">marijuana investment scheme</a>.
As the internet continues transforming society and how people interact,&nbsp;<a href="https://www.benzinga.com/markets/emerging-markets/22/07/28111725/the-rise-of-trust-and-safety-on-social-media-platforms-and-marketplaces">trust and safety on social media platforms</a> and marketplaces&nbsp;have become increasingly important.
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>.
Image via Shuttestock
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Mark Zuckerberg's Meta Asked To Foot The Bill Partly In Fraud Cases By UK Fintech: 'These Platforms Share No Responsibility'

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El Salvador President Nayib Bukele discussed the country's Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-centric policy with Argentina Vice President Victoria Villaruel during a recent official visit.
What happened: A video reposted by the vice president on X showed the two leaders sitting on the opposite side of a table, with Villaruel greeting Bukele on his visit to Argentina.
A translated excerpt from the interaction quoted Villaruel as saying, "I want to take this short opportunity to ask you about Bitcoin."
<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">&#x1f7e0; Vice president of &#x1f1e6;&#x1f1f7;Argentina &quot;Victoria Villaruel&quot; talks about Bitcoin and Volcano bonds with <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw">@nayibbukele</a> h/t <a href="https://twitter.com/Bitcoinsearch?ref_src=twsrc%5Etfw">@Bitcoinsearch</a>, <a href="https://twitter.com/AnonimoSV503?ref_src=twsrc%5Etfw">@AnonimoSV503</a> <a href="https://t.co/WJxXqYTQLR">pic.twitter.com/WJxXqYTQLR</a>
&mdash; La Crypta &#x1f9d9;&#x200d;&#x2642;&#xfe0f; (@LaCryptaOk) <a href="https://twitter.com/LaCryptaOk/status/1841182687941574768?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The vice president said that Bitcoin was something that she found particularly interesting and expressed a desire to understand El Salvador's Bitcoin bond project.&nbsp;
In response, Bukele said he would be happy to talk about the several Bitcoin-focused initiatives taken by his administration.
Later, the Argentine vice president posted a photo of the meeting on X, revealing that the two leaders talked about Bitcoin implementation and the creation of the National Commission of Digital Assets, the regulatory authority overseeing the digital assets ecosystem in El Salvador.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Visita del Presidente de El Salvador <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw">@nayibbukele</a> al Senado de la Nación Argentina. Pudimos conversar sobre la implementación del Bitcoin, la creación de la CNAD (Comisión Nac. de Activos Digitales) que es el primer organismo que da marco legal y regulación a los criptoactivos. <a href="https://t.co/W48VhwpGDA">pic.twitter.com/W48VhwpGDA</a>
&mdash; Victoria Villarruel (@VickyVillarruel) <a href="https://twitter.com/VickyVillarruel/status/1841243336763719874?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41172369/bitcoin-not-a-safe-haven-but-rising-trump-odds-could-fuel-a-rally-standard-chartered">Bitcoin &#8216;Not A Safe Haven&#8217; But Rising Trump Odds Could Fuel A Rally: Standard Chartered</a>
Why It Matters: The meeting held significance considering the pro-Bitcoin sentiment espoused by the leaders of the two countries.
El Salvador has been the pioneer in Bitcoin adoption, becoming the first country to use the apex cryptocurrency as a legal tender in 2021. Since then, it has taken several measures to make Bitcoin mainstream.
Last year, it <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36192059/el-salvadors-volcanic-bitcoin-bond-approval-sets-stage-to-build-a-crypto-city">passed a landmark legislation</a> that establishes a legal framework for a Bitcoin-backed bond dubbed "Volcano Bond." The primary purpose of the Volcano Bond is to reduce the country&#8217;s sovereign debt and <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40330518/nayib-bukeles-bitcoin-city-project-in-el-salvador-attracts-1-6b-investment-from-turkey-bas">finance the construction of the proposed "Bitcoin City</a>."
On the other hand, Argentina's Libertarian president Javier Milei has <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39404161/argentina-president-javier-milei-makes-passionate-pitch-for-currency-competition-if-you-wa">praised the scarcity-driven growth model of the apex cryptocurrency</a> and dubbed it a way to return monetary power to people.
However, unlike El Salvador, Argentina has not made any significant progress with Bitcoin during his presidency.&nbsp;
Bitcoin advocates would hope the recent meeting between Bukele and Villaruel might just be the first step in this direction.
Price Action: At the time of writing, Bitcoin was exchanging hands at $61,022.74, down 0.65% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41177884/mark-cuban-an-ardent-kamala-harris-supporter-isnt-keen-on-elizabeth-warren-as-he-is-on-her">Mark Cuban, An Ardent Kamala Harris Supporter, Isn&#8217;t Keen On Elizabeth Warren As He Is On Her Pro-Crypto GOP Rival: Here&#8217;s Why</a></li>
</ul>

El Salvador's Nayib Bukele Educates Argentina President Javier Milei's Deputy On Bitcoin — Vice President Says Apex Crypto Interests Her A Lot

Reported Earlier, Australia Home Loans (MoM) For August 0.7% Vs. 2.5% (Revised) Prior

Elon Musk, the CEO of SpaceX and Tesla and the owner of X, has voiced his support for an event, to be held at Butler, Pennsylvania on Saturday, involving former President Donald Trump.
What Happened: Musk shared a post from Trump in which the ex-president posted an image of him at a rally in Butler shortly after having been shot at. The image had text that read &#8220;I&#8217;m Coming Back To Butler!&#8221;
Trump said his visit to the place where the attempted assassination took place on July 13, 2024, was &#8220;historic.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I will be there to support! <a href="https://t.co/nokR0g3dn1">https://t.co/nokR0g3dn1</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1842048755169690103?ref_src=twsrc%5Etfw">October 4, 2024</a></blockquote>
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It&#8217;s worth noting that Trump was the target of a <a href="https://www.benzinga.com/24/09/40869836/donald-trump-safe-and-unharmed-after-shooting-incident-at-florida-golf-club">failed assassination attempt</a> at his Florida golf club on Sept. 15, 2024, as well.
In response to Trump&#8217;s post on X, Musk wrote, &#8220;I will be there to support!&#8221;
See Also: <a href="https://www.benzinga.com/markets/commodities/24/10/41151338/biden-the-master-oil-trader-part-iv-president-loads-up-on-millions-of-barrels-to-refill-emerg?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden The Master Oil Trader Part IV? President Loads Up On Millions Of Barrels To Refill Emergency Stash In &#8216;One Of The Best Oil Trades In History&#8217;</a>
Why It Matters: Musk&#8217;s support for Trump comes at a critical time. The former President is currently in a <a href="https://www.benzinga.com/general/politics/24/10/41176806/harris-vs-trump-vice-president-leads-2024-election-poll-young-voters-help-but-voter-issues-could">tight race</a> against Vice President Kamala Harris for the 2024 presidential election. Trump&#8217;s recent experiences, including the failed assassination attempt, have been a focal point in the media, with Musk and Trump even discussing the incidents in a <a href="https://www.benzinga.com/news/24/08/40328821/trump-and-musk-interview-covers-everything-from-failed-assassination-attempt-to-kamala-harriss-no-ta">widely-viewed interview</a>.
Image via Shutterstock
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Trump Says He's Going Back To Butler, Site Of First Assassination Attempt — Elon Musk Chimes In, 'I'll Be There To Support'

YouTube, a subsidiary of Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google has erroneously banned accounts and removed channels worldwide. Now, the platform is working on reinstating them.
What Happened: On Thursday, YouTube said it is aware of the&nbsp;mistakenly&nbsp;removed channels and banned accounts&nbsp;for policy breaches.
The platform is &#8220;actively working on reinstating the&nbsp;channels&#8221; and restoring access to paid services like YouTube TV, YouTube Premium, and YouTube Music subscriptions.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hi Creators &#8211; We&#39;re aware of an issue causing some channels to be incorrectly flagged for Spam and removed. Our teams are looking into this and reinstating the channels right now &#8211; thanks so much for your patience. More information: <a href="https://t.co/xQ9AFg0woc">https://t.co/xQ9AFg0woc</a>
&mdash; TeamYouTube (@TeamYouTube) <a href="https://twitter.com/TeamYouTube/status/1841978197086245225?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Blackwell GPU Sets New AI Benchmark With Over 100 System Configurations, Analyst Says</a>
Users affected by this glitch&nbsp;have lost access to their&nbsp;YouTube accounts, preventing them from watching videos or listening&nbsp;to YouTube Music. YouTube Premium&nbsp;subscribers have also been impacted,&nbsp;with playlists and other saved&nbsp;content currently inaccessible for some.
Users across the globe, including in the U.S., Europe, and Asia, were informed of the account ban or channel removal through emails from YouTube.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Did <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a> just ban all of its users? I had a decade old account that only had unheard music demos on it. And there's a bunch of posts on X that are similar.
&mdash; Lofi Jason (@JasonRumley_) <a href="https://twitter.com/JasonRumley_/status/1841957213105226033?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/TeamYouTube?ref_src=twsrc%5Etfw">@TeamYouTube</a> <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a> my youtube channel was permanently removed. for no reason. then it got put back up, but 90% of my videos are removed from the platform. i need help. because i dont want any of my hard work to go to waste. <a href="https://t.co/eacYFOoBDH">pic.twitter.com/eacYFOoBDH</a>
&mdash; Juke! (@jukeboxjukee) <a href="https://twitter.com/jukeboxjukee/status/1841972599980503087?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
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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.
YouTube has provided an appeal process for affected users, and several reports indicate that this has been successful in restoring account access. However, some users have reported that their playlists are still missing post-restoration.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Update: They restored my deleted YouTube channel but I am still waiting an explanation on what happened. Apparently I'm not the only one, so it's pretty scary how sudden and quickly your account and channel can be taken down and deleted without warning. I'm really concerned… <a href="https://t.co/7nSjaeqU5v">pic.twitter.com/7nSjaeqU5v</a>
&mdash; Hey Hedgehog! &#x1f994; (@Hey_Hedgehog) <a href="https://twitter.com/Hey_Hedgehog/status/1841989836967969190?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tonight I received a mail from Youtube saying that my youtube channel was completely deleted because of the serious or repeated violations of the policies about spam, deceptive practices, and fraud policies. Then after 30 minutes they contacted me again apologizing &#x1f605; WHAT?
&mdash; Annie Cyborg (アニー・サイボーグ) (@anniecyborg) <a href="https://twitter.com/anniecyborg/status/1841970508134298003?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
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Why It Matters: This glitch comes on the heels of a series of controversial decisions by YouTube.
Last month, YouTube introduced &#8220;Pause ads,&#8221; a feature that displays advertisements even <a href="https://www.benzinga.com/news/24/09/40951748/there-is-no-escaping-youtube-ads-even-after-hitting-the-pause-button-disgruntled-users-cry-foul-an-a">when a video is paused</a>, leading to users&#8217; discontent.
Later that month, YouTube also restricted access to songs by renowned artists such as Adele, Bob Dylan, and Green Day in the U.S. due to a <a href="https://www.benzinga.com/news/24/09/41085603/youtube-blocks-us-access-to-adele-bob-dylan-songs-amid-rights-dispute-googles-video-platform-respond">legal dispute with the performing rights</a> organization, SESAC.
Meanwhile, earlier this week, Apple Inc. removed Juno, an unofficial YouTube app designed for Vision Pro, from its App Store following a <a href="https://www.benzinga.com/news/24/10/41134764/apple-removes-unofficial-youtube-app-for-vision-pro-from-app-store-developer-disagrees-but-says-zero">warning from Google</a>.
Photo by Sky Motion on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

GOOG

GOOGL

YouTube Bug Bans Users And Removes Channels: Google's Video Streaming Service Says They Know About It

Germany is poised to vote against the European Union&#8217;s <a href="https://www.benzinga.com/news/24/09/40810974/us-ally-urges-eu-to-reconsider-tariffs-on-chinese-evs-we-dont-need-another-war">proposed tariffs on Chinese electric vehicles this Friday</a>. This decision comes after significant pressure from industry leaders on German Chancellor Olaf Scholz.
What Happened: Germany had previously abstained from a non-binding vote in July concerning the European Commission&#8217;s tariff proposal. The Commission&#8217;s plan requires a qualified majority of 15 EU member states, representing 65% of the EU population, to be implemented, Reuters reported on Friday, citing people with knowledge of the matter. 
France, Greece, Italy, and Poland are reportedly in favor of the tariffs, which could push the measure through.
The Commission argues that the tariffs are necessary to counteract subsidies such as cheap loans and raw materials, aiming for a level playing field rather than excluding Chinese manufacturers. 
However, German carmakers, who derive a significant portion of their sales from China, oppose the tariffs due to fears of retaliatory actions and potential trade conflicts.
The influential German labor union IG Metall and employee representatives from major car manufacturers have issued a joint statement urging Germany to vote against the tariffs, stating, &#8220;tariffs are the wrong approach because they will not improve the competitiveness of the European automotive industry.&#8221;
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has been granted provisional approval by <a href="https://www.benzinga.com/news/24/07/39640029/teslas-giga-berlin-expansion-gets-environmental-authority-approval-after-chancellor-scholz-voiced-ai">German authorities to expand its Gigafactory</a> near Berlin, a key move that underscores Tesla&#8217;s growing presence in Europe&#8217;s EV market. 
The German Automotive Industry Association (VDA) reports that 1.27 million battery electric and plug-in hybrid vehicles were manufactured in Germany in 2023, making it the second-largest EV producer globally, behind China. 
Although China dominates global EV output, most of its vehicles are sold domestically, whereas 76% of German EVs are exported, highlighting Germany&#8217;s pivotal role in the international EV market.
Germany&#8217;s carmakers are renowned for their engineering excellence, with brands like Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), which owns ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, and Porsche; Mercedes-Benz Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>); and Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>), which owns BMW, MINI, and Rolls-Royce. 
See Also: <a href="https://www.benzinga.com/news/24/10/41161763/european-telecom-giants-threaten-legal-action-against-elon-musks-starlink-over-potential-fcc-rule-ch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">European Telecom Giants Threaten Legal Action Against Elon Musk&#8217;s Starlink Over Potential FCC Rule Changes</a>
Why It Matters: The European Union&#8217;s decision on tariffs for Chinese electric vehicles has been a contentious issue, with potential repercussions for international trade. The EU aims to protect its automobile industry from the influx of cheaper Chinese EVs, which <a href="https://www.benzinga.com/news/24/10/41143690/european-tariffs-on-chinas-ev-makers-could-backfire">accounted for 54% of total EV imports</a> to the EU in 2023.
However, this protectionist stance could spark a broader trade war with China, jeopardizing the EU&#8217;s export-dependent companies and its EV targets.
China has already approached the World Trade Organization regarding similar tariffs imposed by Canada, highlighting the potential for <a href="https://www.benzinga.com/news/24/09/40914629/china-warns-eu-tariffs-on-evs-will-harm-trade-with-germany">escalating trade tensions</a>. China&#8217;s commerce minister has warned that the EU&#8217;s tariffs could significantly disrupt trade, particularly with Germany. 
Additionally, Spain&#8217;s Prime Minister Pedro Sánchez has called for a <a href="https://www.benzinga.com/news/24/09/40810974/us-ally-urges-eu-to-reconsider-tariffs-on-chinese-evs-we-dont-need-another-war">reevaluation of the EU&#8217;s stance</a>, emphasizing the need for compromise to avoid further trade disputes.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41169516/tesla-recalls-27-185-cybertruck-vehicles-over-rearview-camera-delay?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Recalls 27,185 Cybertruck Vehicles Over Rearview Camera Delay</a></li>
</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Eurozone

BMWYY

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

VWAGY

Germany, Home To Mercedes And BMW, Set To Oppose EU Tariffs On Chinese EVs: Report

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CCB Stock Earnings: Coastal Finl Misses EPS, Beats Revenue for Q1 2024

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Coastal Finl

Coastal Finl (CCB) Forecast

Coastal Finl (NASDAQ:CCB) Stock, Quote.Headers.trade-ideas