Challenger (OTC:CFIGF) Stock, Quote.Headers.trade-ideas

Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an upfront lump sum investment and is designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Fidante Partners, which has minority stakes in several boutique global investment managers, and Challenger Investment Management, which primarily manages investments supporting its annuities business.

CHALLENGER LIMITED ORD by Challenger Ltd.

Challenger Ltd

Edwin Rubis has served 27 years of a 40-year federal prison sentence after being convicted on non-violent cannabis related charges in the late 1990s. Cannabis and criminal justice reform advocates are rallying for his release by way of a presidential pardon from the <a href="https://www.benzinga.com/topic/biden-administration">Biden Administration</a>.
Rubis, now 56, was 29 years old with one child and another on the way in 1998 when the DEA arrested him and charged him with conspiracy to distribute cannabis. No drugs, guns or money were found in Edwin&#8217;s possession. Still, he was found guilty and sentenced to 40 years.
In the 27 years he has served so far, Rubis has been an exemplary inmate earning three college degrees and completing 30+ rehabilitation programs. Without government intervention, his earliest release date is not until 2031 when he will be 63 years old.
&#8220;I no longer belong in prison. I am not a threat to society. The Bureau of Prisons has categorized me as a low non-violent offender for recidivism purposes. I am a non-violent cannabis offender. I believe in redemption," Rubis <a href="https://www.prnewswire.com/news-releases/who-is-edwin-rubis-getting-to-know-the-man-serving-a-40-year-sentence-for-non-violent-cannabis-charges---beard-bros-media-302245867.html">said</a> in a <a href="https://drupal-cloudfront.benzinga.com/topic/beard-bros-pharms-0">Beard Bros Pharm</a> press release. "I am a compassionate and relatable individual who does not judge others by their culture, creed, or religion, but by the intentions of their heart. I am honest and loyal; responsible and accountable. I deserve a second chance at life.&#8221;
His parents are in their 80s and Edwin wants to see them again. His three adult children have been deprived of their father&#8217;s presence for most of their lives, noted Beard Bros, a legacy brand and media outlet calling on President Joe Biden to grant a full pardon and release Rubis from federal prison.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40867166/federal-marshals-raid-legal-medical-marijuana-shop-in-texas-why-the-big-guns-advocates-say-its-a">Federal Marshals Raid Legal Medical Marijuana Shop In Texas: Why The Big Guns? Advocates Say &#8216;It&#8217;s Absurd&#8217;</a>
<h2 class="wp-block-heading">Biden&#8217;s Unfulfilled Promise </h2>
October 6, 2022, <a href="https://www.benzinga.com/markets/cannabis/22/10/29175510/breaking-biden-announces-pardons-for-all-federal-marijuana-possession-convictions">Biden issued a general pardon </a>for previous crimes of simple cannabis possession in violation of federal law and the D.C. Code. In December 2023,<a href="https://www.benzinga.com/markets/cannabis/23/12/36361671/biden-pardons-thousands-convicted-of-cannabis-possession-calls-on-governors-to-do-the-same"> Biden expanded the pardon</a> to cover offenses for cannabis use and simple possession and called on state governors to do the same. 
Still nothing: There have been no pardons for federal inmates doing time for non-violent cannabis crimes. Beard Bros Pharm points out that Rubis "is not the only prisoner who fits that description but his continued incarceration is a reminder of the half-steps taken by this administration when it comes to cannabis reform and his immediate release would signal the Democratic Party&#8217;s commitment to future criminal justice reform."
Since he is not seeking re-election, President Biden has just over two months until Election Day and over four months until a new president is sworn in, "to right what he calls ‘historic wrongs&#8221; and grant Edwin Rubis a full presidential pardon.
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</ul>
Photo courtesy of Last Prisoner Project

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Politics

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Meet The Man Serving A 40-Year Sentence For Non-Violent Cannabis Charges, Awaiting Pardon From Biden

Elon Musk's company SpaceX has now become the dominant force in space. The tech billionaire controls nearly two-thirds of all active satellites orbiting Earth, thanks to the rapid growth of his Starlink satellite network. 
Recently, <a href="https://www.benzinga.com/news/24/09/40744852/elon-musks-spacex-rockets-past-new-milestone-launches-7-000th-starlink-satellite">SpaceX launched its 7,000th Starlink satellite</a>, adding to the massive constellation that delivers high-speed internet worldwide. In just three years, the number of Starlink satellites has increased more than sixfold.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There are over 6,000 SpaceX Starlink satellites orbiting Earth <a href="https://t.co/eDl5ID2Neq">pic.twitter.com/eDl5ID2Neq</a>
&mdash; Dima Zeniuk (@DimaZeniuk) <a href="https://twitter.com/DimaZeniuk/status/1826025032964780400?ref_src=twsrc%5Etfw">August 20, 2024</a></blockquote>
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However, the billionaire isn't stopping there, as SpaceX plans to launch an additional 42,000 satellites. <a href="https://www.benzinga.com/news/24/05/39024981/elon-musks-starlink-gets-nod-to-roll-out-in-100th-country-an-african-nation-with-only-35-internet-pe">Starlink operates in over 100 countries</a> and has more than three million customers, all of whom access the service through a special ground-based dish.&nbsp;
Musk's company plans to expand into even more countries in the coming years, offering global coverage. For now, countries like China, Russia, and North Korea are not on Starlink's waiting list.
Trending: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Investing in its booming real estate market has never been more accessible.</a>
However, the sheer power that Musk now holds through SpaceX and Starlink <a href="https://www.benzinga.com/news/24/09/40848351/a-week-after-elon-musks-spacex-launched-7-000th-starlink-satellite-fcc-chair-jessica-rosenworcel-cal">has started raising some eyebrows</a>. With over 62% of active satellites under his control, Musk's influence in space and communications is unmatched. "Between Tesla, Starlink and Twitter, I may have more real-time global economic data in one head than anyone ever," Musk once tweeted. That's a lot of power for one person.
The company recently <a href="https://www.benzinga.com/news/24/09/40830436/spacex-completes-1st-ever-spacewalk-by-a-commercial-company-as-part-of-polaris-dawn-mission">launched Polaris Dawn</a>, a private mission that broke records for how far a crewed mission has traveled from Earth since the Apollo era. The mission also completed the first private spacewalk and sent a message from space using Starlink's satellite network.
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On Sept. 14, the company sent 21 more Starlink satellites into space aboard a Falcon 9 rocket, marking the 85th launch of the year and the 7,000th launch of a Starlink satellite. Thirteen of the satellites that were launched had &#8220;Direct to Cell&#8221; capabilities, meaning that they could connect directly to cellphones and offer coverage in places without cell towers.
Musk recently announced that <a href="https://www.benzinga.com/news/24/09/40673148/t-mobile-customers-will-get-starlink-satellite-internet-directly-on-their-mobiles-first-and-others-o">T-Mobile customers will soon be able</a> to access the internet directly through Starlink satellites. By the end of 2024, T-Mobile users won't have to worry about dead zones – those areas where cell signals don't reach. The technology uses satellites equipped with a special modem that acts like a cell tower in space, allowing users to send texts, make calls, and browse the internet without needing any special hardware or apps.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">MEDIA: Accreditation is open for the <a href="https://twitter.com/EuropaClipper?ref_src=twsrc%5Etfw">@EuropaClipper</a> mission launch to Jupiter's icy moon, Europa! NASA and SpaceX are targeting a launch period opening Oct. 10 atop a SpaceX Falcon Heavy rocket from Launch Complex 39A. Apply by Sept. 27: <a href="https://t.co/eErTCQlLHP">https://t.co/eErTCQlLHP</a> <a href="https://t.co/sbFxMcAVzu">pic.twitter.com/sbFxMcAVzu</a>
&mdash; NASA&#39;s Kennedy Space Center (@NASAKennedy) <a href="https://twitter.com/NASAKennedy/status/1831055889073156385?ref_src=twsrc%5Etfw">September 3, 2024</a></blockquote>
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While Starlink and its satellite launches are front and center, SpaceX has even bigger plans. The company is working on NASA's Europa Clipper mission, destined to explore one of Jupiter's moons. It&#8217;s a complex mission that requires SpaceX to switch between Falcon 9 and Falcon Heavy rocket configurations.
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Elon Musk Now Controls Two-Thirds Of The Planet's Satellites – And SpaceX Is Just Getting Started With Plans To Launch Almost 40,000 More

Kevin O&#8217;Leary, Chairman of O&#8217;Leary Ventures, has voiced his apprehensions regarding tax policies proposed by Vice President Kamala Harris. O&#8217;Leary warns that these policies could potentially have a negative impact on the U.S. economy.
What Happened: On Friday O&#8217;Leary expressed his criticism of Harris&#8217; tax proposals. He cautioned that these policies could impede capital growth and disrupt the American dream.
Speaking <a href="https://www.foxbusiness.com/video/shows/the-big-money-show">with</a> Fox News, O&#8217;Leary highlighted that Harris&#8217; plans encompass a 25% &#8220;minimum&#8221; tax on wealthy households, an escalation in taxes on capital gains and dividends for households earning more than $1 million, and a fourfold increase in the tax on stock buybacks.
&#8220;Taxes will go up with their proposals,&#8221; he said, adding, &#8220;She&#8217;s admitting that, she&#8217;s not denying it.&#8221;
&#8220;That's a debate that&#8217;s going on in terms of the classic, ‘make the rich pay their fair share. That&#8217;s a narrative that goes into every single election cycle,&#8221; he added. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38133806/shark-tank-star-kevin-oleary-explains-the-main-problem-with-bitcoin-etfs-i-would-never-do-">&#8216;Shark Tank&#8217; Star Kevin O&#8217;Leary Explains The Main Problem With Bitcoin ETFs: &#8216;I Would Never Do That&#8217;</a>
O&#8217;Leary&#8217;s primary concern is Harris&#8217; proposal to establish the corporate tax rate at 28%. He maintained that such a rate would make the U.S. economy non-competitive, possibly leading businesses and investments to relocate out of the country.
&#8220;That&#8217;s, to me, the most horrific outcome, and I&#8217;m very nervous about that,&#8221; O&#8217;Leary stated.
&#8220;The more concerning one for the economy, not just personal taxes, is corporate tax rates. That, at her proposed 28%, would put the U.S. economy in an uncompetitive position,&#8221; he said.
O&#8217;Leary stressed that regardless of the election&#8217;s outcome, policy &#8220;uncertainty&#8221; continues to be a significant concern.
&#8220;Last time we did this to ourselves, we started to see dislocation of headquarters moving to places like Ireland and other lower tax jurisdictions,&#8221; O&#8217;Leary said. &#8220;That, we shouldn&#8217;t do. That&#8217;s a mistake for either party. That&#8217;s a huge mistake.&#8221;
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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.

Kevin O'Leary Warns Of Economic Impact From Kamala Harris' Tax Plans

With the start of a new week comes the excitement surrounding a new set of companies looking to make an impact through their public offerings. <a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a>, these enticing companies are scheduled to trade publicly this week.
<ul>
<li>Legacy Education Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGCY#NYSE">LGCY</a>) becomes publicly listed starting on Sept. 19. The company has a price range set between $5.00 and $7.00 with a 180-day lockup period. Legacy Education Inc will be offering 2,000,000&nbsp;shares at a per-share value of $6.00.</li>
</ul>
<h3>Breaking Down IPOs</h3>
Initial public offerings, or IPOs, are the transitional processes of private companies deciding to go public and offer shares to investors on exchanges. IPOs typically offer companies the ability to build capital by distributing shares across the market. A company interested in becoming publicly tradeable must first meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other important data points before the offering.
Companies and investment banks will work to establish a price range that the stock is expected to sell between. This is known as an offering range. Once a company goes public, its stock comes with an opening price. The insider lock-up period is usually a set number of days after an IPO where company insiders, or employees with a 10% or higher stake in their company, cannot sell shares.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

IPOs

LGCY

A Look At Upcoming IPOs For The Week

A recent investigation by Newsweek revealed that several cities across the United States are still waiting for Donald Trump's campaign team to pay them over $700,000 for expenses related to rallies that took place between 2016 and 2019. These costs mostly cover police services and other public safety measures needed to handle the large crowds at his events.
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Cities like El Paso, Texas; Spokane, Washington; Mesa, Arizona; and Green Bay, Wisconsin, are among those who say they haven&#8217;t been paid for helping to host Trump's rallies. For example, El Paso says it's owed more than half a million dollars, while Spokane is waiting on $65,000. Some of these bills have been sitting unpaid for years.
In 2019, another report found that at least 10 cities still seek payment from Trump's campaign for similar rally-related expenses. While some cities, like El Paso, continue pushing for the money (even adding late fees), others admit they probably won't get paid.&nbsp;
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Billings, Montana, for instance, didn't even send an official invoice, although they estimated they're owed nearly $46,000. Officials from Billings and Mesa both acknowledged that there's no legal requirement for political campaigns to pay these types of expenses.
According to recent records, Vice President Kamala Harris&#8217;s campaign is<a href="https://www.benzinga.com/news/24/09/40750154/harris-vs-trump-vice-president-outpaces-gop-rival-in-august-fundraising-as-presidential-race-heats-u"> raising substantially more money than Trump's</a>. While Trump only raised $130 million in August 2024, Harris&#8217;s team raised almost $361 million during the same period.
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Large-scale public rallies were a major component of Trump&#8217;s campaigns in 2016 and 2020, although he has held fewer of them in his 2024 campaign. Cities that contributed to the funding of these previous rallies are still required to pay for them.
Many of these local governments are frustrated, as they had to dip into tight budgets meant for essential services like police and firefighters. It remains to be seen if Trump's team will pay up, but these cities are still waiting for now.
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As the spokesperson for the El Paso City Council said, &#8220;The City continues to seek the payment of these past due expenses, so City taxpayers do not continue to have to bear the cost.&#8221;
<a href="https://www.benzinga.com/news/24/09/40761432/trumps-strategy-double-down-on-white-voters-in-the-rust-belt-while-kamala-harris-expands-minority-su">Donald Trump's recent rally in Wisconsin</a> means there&#8217;s a continued focus on building strong support among working-class and rural white voters in this key battleground state. The event occurred in Mosinee, a small town in central Wisconsin, far from the state's major cities.&nbsp;
As Kamala Harris has gained momentum among other demographic groups <a href="https://www.benzinga.com/news/24/08/40479782/trump-vs-harris-switching-biden-for-kamala-harris-averted-democrats-potential-6-point-deficit-in-new">since replacing Joe Biden</a> on the Democratic ticket, Trump's campaign is doubling down on keeping his strong base of white, non-college-educated voters, especially in rural areas, to secure a potential path to victory.
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New Report Shows Four U.S. Cities Are Chasing Trump's Campaign For Over $700,000 In Unpaid Bills, Some Going Back To 2016

Donald Trump has expressed his appreciation for Laura Loomer&#8216;s staunch support on his social media platform, Truth Social. Loomer, who is known for her extreme views, attributes her single status to <a href="https://www.benzinga.com/news/24/08/40667209/trump-vs-harris-new-polls-reveal-this-candidate-is-outperforming-in-swing-states">her deep-rooted devotion to Trump</a>.
What Happened: Trump shared a video <a href="https://truthsocial.com/@realDonaldTrump/posts/111573987439328290">clip</a> featuring Loomer, a far-right conspiracy theorist and unsuccessful congressional candidate. In the clip, Loomer insists that Trump&#8217;s removal from office was a &#8220;coup.&#8221;
When questioned about her single status in the clip, Loomer points to her deep admiration for Trump. She explains that her dedication to supporting Trump often outweighed her personal relationships, resulting in their dissolution.
"When President Trump was pushed out of the White House in this coup, when President Trump left Washington, D.C., the truth left with him, so now there is a war on truth. Truth has become a radical concept in this country now. You are now a radical if you speak truth," Loomer said in the clip.
"And I'm very busy. Just, you know, I'll tell you a funny story: I dated somebody one time and they thought that I was too focused on Trump. And they said that I gave my activism in support of President Trump more attention than I gave them," Loomer said in the post.
Also Read: <a href="https://www.benzinga.com/news/24/09/40669286/harris-vs-trump-this-candidate-leading-in-numerous-polls-transforming-political-landscape">Harris Vs Trump: This Candidate Leading in Numerous Polls, Transforming Political Landscape</a>
Known for her radical views, Loomer has self-identified as a &#8220;proud Islamophobe&#8221; and has been vocal in promoting other extremist figures.
Trump acknowledged Loomer&#8217;s unwavering support with a simple &#8220;Thank you, Laura!&#8221; caption on the shared clip on his Truth Social platform.
Why It Matters: This incident underscores the influence that Trump continues to wield over his supporters, even after leaving office. 
Loomer&#8217;s devotion to Trump, to the extent of impacting her personal relationships, highlights the depth of loyalty among some of his followers. 
This interaction also brings attention to Truth Social, Trump&#8217;s social media platform, which serves as a hub for his supporters and a platform for him to voice his views and opinions.
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Social Media

Trump Thanks Loomer For Declaring She's Single Because Of Her Admiration for Him

Rents in New York City's Lower East Side can be high, but there are options for those willing to share.
Take the luxury penthouse duplex at 109 Norfolk St., known as the Switch Building. The penthouse was recently on the market for a $15,500-per-month rental, which might seem out of reach for many. But when split by three people, the cost becomes more manageable.
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The decision was clear for three friends working in finance: Forego the small, cramped studios they could afford and opt for a luxurious penthouse with ample outdoor space in a vibrant neighborhood. Sharing the cost made the dream of living in a desirable location a reality.
In a survey conducted last year by U.S. News &amp; World Report, 51% of respondents moved back in with family or got a <a href="https://www.benzinga.com/markets/24/09/40782517/boommates-inflation-sparks-a-new-real-estate-trend">roommate</a> to ease the impact of inflation and cost-of-living increases, and 87% know at least one person who had moved in with family or gotten a roommate.&nbsp;
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The roommates, who declined to be named because of their employers' policies, are all in their mid-20s, work in finance and have a combined annual salary of more than $1 million, their broker Steven Ke of Nest Seekers International told the New York Post. Ke said the roommates had attempted to <a href="https://www.benzinga.com/real-estate/24/05/39091231/rents-are-so-high-in-new-york-city-that-even-135kyear-tech-workers-cant-keep-up">rent the penthouse</a> independently but were unsuccessful, prompting him to intervene.
"It's an incredible apartment. It has everything," said Ke, who helped them get approval by writing a letter to the owner "and presenting them in a better light."
"I used myself as a reference as well as prior landlord references for one of the tenants, who I previously worked with," Ke said. "I also broke down their financials, which was not just their annual salary. It included retention bonuses and more. In other words, brokers know what owners look for, and brokers know how to properly present an application."
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The roommates now reside in a luxurious seven-story building with five units, constructed in 2005. The building features four full-floor apartments and the penthouse duplex.
A private elevator leads to the penthouse, a renovated loft-style home boasting three bedrooms and 2.5 bathrooms. The modern, renovated residence spans approximately 1,900 square feet and features an open chef's kitchen with a double oven, a subzero refrigerator and a wine fridge. Additional design elements include a decorative fireplace, custom built-ins and wall-to-wall windows.
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The penthouse has three bedrooms, two of which share a balcony and a full bathroom.
The primary bedroom suite is on the second floor, accessible via a suspended staircase. It includes a spacious walk-in closet, an en suite bathroom with heated floors and a soaking tub, and a private 900-square-foot rooftop terrace complete with an outdoor kitchen, an outdoor shower, and views of downtown Manhattan.
Carlos Jacinto of Serhant was the listing broker.
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Real Estate

Three Finance Bros Unite To Afford Lower East Side Luxury Penthouse – Is Splitting $15,000 Rent The New Norm?

Two years after launching the <a href="https://www.benzinga.com/topic/war-on-drugs">War on Drugs</a>, calling substance use &#8220;public enemy No. 1,&#8221; President Richard Nixon privately acknowledged marijuana was "not particularly dangerous." The admission came during a March 1973 Oval Office meeting with aides and was captured on Nixon&#8217;s secret recording system.
"Let me say, I know nothing about marijuana," Nixon said. "I know that it's not particularly dangerous, in other words, and most of the kids are for legalizing it. But on the other hand, it's the wrong signal at this time." He also mentioned harsh sentencing in cannabis cases. "The penalties should be commensurate with the crime." He called a 30-year sentence for marijuana-related offenses "ridiculous."
These comments were revealed in a series of tapes that have recently become accessible.
Kurtis Hanna, a Minnesota lobbyist and advocate for drug legalization, discovered the recordings while browsing the Nixon Library's archives. Hanna said he was surprised by Nixon's stance on cannabis, as it contradicted the public policies he spearheaded. "He was essentially saying the exact opposite of what I understood him to believe," said Hanna who shared his findings with <a href="https://www.nytimes.com/2024/09/14/us/nixon-marijuana-tapes.html">The New York Times</a>, which published them on Saturday.
Nixon's private remarks present a startling contrast to his administration's public policies that are still in effect, including the <a href="https://www.benzinga.com/markets/cannabis/24/02/36916329/is-marijuana-a-controlled-substance-wait-what-is-a-controlled-substance">Controlled Substances Act</a> of 1970, which established a classification system for drugs. Marijuana was placed in Schedule I, the most restrictive category, alongside heroin and LSD and it remains there to this day.
<h2 class="wp-block-heading">Enter The DEA</h2>
This classification has contributed to millions of marijuana-related arrests, disproportionately impacting Black communities. It has also stymied scientific research into cannabis's potential medical benefits. To carry out his war on drugs, Nixon created the DEA in 1973. Now, <a href="https://www.benzinga.com/markets/cannabis/23/07/33156524/dea-turns-50-unveiling-the-ineffectiveness-of-the-ongoing-war-on-drugs-now-what">fifty-one years and over $1 trillion dollars later</a>, the war on drugs is still ineffectual though it has claimed thousands of victims.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40586896/dea-can-still-make-cannabis-arrests-in-legal-weed-states-like-ohio-but-its-not-our-goal">DEA Can Still Make Cannabis Arrests In Legal Weed States Like Ohio, But It&#8217;s Not &#8216;Our Goal&#8217;</a>
<h2 class="wp-block-heading">War On Drugs: John Ehrlichman</h2>
In a 2016 Harper's Magazine <a href="https://harpers.org/archive/2016/04/legalize-it-all/">article</a>, Dan Baum provided more details on drug prohibition and how it became a national obsession under Nixon.
Baum asked Nixon's top advisor, John Ehrlichman in 1994 how the U.S. got&nbsp;entangled in a drug prohibition policy that &#8220;yielded so much misery and so few good results."
"The Nixon campaign in 1968, and the Nixon White House after that, had two enemies: the antiwar left and Black people,&#8221; replied Ehrlichman who died in 1999. 
&#8220;We knew we couldn't make it illegal to be either against the war or blacks, but by getting the public to associate the hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities," Ehrlichman&nbsp;admitted.&nbsp;"We could arrest their leaders, raid their homes, break up their meetings, and vilify them night after night on the evening news. Did we know we were lying about the drugs? Of course, we did."
On August 9, 1974, Nixon <a href="https://www.benzinga.com/general/education/19/08/12164014/this-day-in-market-history-richard-nixon-announces-resignation-1">resigned as president</a> due to <a href="https://www.history.com/topics/us-government/impeachment-in-us-history">impeachment proceedings</a> underway against him for his involvement in the Watergate affair. On April 22, 1994, Nixon died at 81.
Now Read:
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<li><a href="https://www.benzinga.com/markets/cannabis/23/07/33156524/dea-turns-50-unveiling-the-ineffectiveness-of-the-ongoing-war-on-drugs-now-what">$1 Trillion And 50 Years Later, Is The DEA&#8217;s War On Drugs A Failure?</a></li>
</ul>
Photo: Brittanica

Regulations

Richard Nixon Secretly Admitted Marijuana Is 'Not Particularly Dangerous,' New Tapes Reveal

Billionaire investor, &#8220;Shark Tank&#8221; star and Kamala Harris supporter Mark Cuban recently took to social media to question <a href="https://www.benzinga.com/real-estate/24/08/40666407/what-stocks-does-donald-trump-own-new-financial-disclosure-revealed">former President Donald Trump&#8217;s track record of investing</a> in startups outside his family businesses. In a series of <a href="https://x.com/mcuban/status/1832810050555150497">posts on X</a> (formerly known as Twitter), Cuban challenged Trump supporters with a pointed question:
&#8220;For all Trump supporters. A question. Which startups has Donald Trump ever invested in that didn&#8217;t involve a family member?&#8221; Cuban wrote.
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Cuban&#8217;s question was about more than money; he said it says much about Trump&#8217;s personality. Responding to another user who questioned the basis of his claim, Cuban noted that as a presidential candidate, Trump must file financial disclosures with the Federal Election Commission (FEC). Cuban mentioned that he couldn't find evidence of Trump investing in nonfamily businesses.
&#8220;You would think there would be companies he has invested in that would have said something somewhere, wouldn&#8217;t they? I can&#8217;t find any. But rather than assume they don&#8217;t exist, I asked the question,&#8221; Cuban explained.
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He also remarked that every wealthy person he knows, except for Donald J. Trump, has made efforts to help others.
A spokesperson for the Trump campaign responded to Business Insider about Cuban's comments, pointing out Trump&#8217;s accomplishments as a businessman and entertainer. He said that Trump is a self-made, successful businessman who played a key role in shaping and transforming <a href="https://www.benzinga.com/news/24/04/38184282/peek-inside-trumps-opulent-lifestyle-the-10-most-lavish-assets-he-owns">New York&#8217;s iconic skyline</a>.
&#8220;His other ventures also include creating and starring in one of the most-watched television shows in history – much more successful than &#8216;Shark Tank&#8217; – and becoming the 45th President of the United States.&#8221;
Trending: This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a>
<h2 class="wp-block-heading">From Supporter To Critic</h2>
Though Mark Cuban has reservations about Trump&#8217;s investing decisions, it's important to remember that many of Trump's followers view him as a <a href="https://www.benzinga.com/startups/24/09/40669224/67-of-investors-say-trump-is-better-for-stocks-than-biden-but-market-predictions-are-all-over-the-ma">successful businessman</a> who has established a powerful global brand. His image as a self-made entrepreneur was partly shaped by his real estate endeavors and the popular TV program, The Apprentice.
Cuban has admitted that <a href="https://www.benzinga.com/news/24/08/40245729/mark-cuban-whos-backing-kamala-harris-in-2024-presidential-race-says-he-supported-trump-earlier-here">he initially supported Trump</a> during his first presidential campaign, appreciating that he wasn&#8217;t a typical politician.
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&#8220;I was like, he&#8217;s great; he&#8217;s not a typical Stepford candidate. I thought that was a positive,&#8221; Cuban shared in an interview with Republican presidential candidate Vivek Ramaswamy. &#8220;But then I got to know him.&#8221;
Cuban cited various controversies surrounding Trump, such as Trump University and Trump SoHo, as reasons for his change of heart.
&#8220;He was unethical then, and he&#8217;s still unethical,&#8221; Cuban asserted.
As the election season heats up, such debates are likely to continue, with figures like Cuban using their platforms to raise questions about the character and actions of those seeking public office.
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Mark Cuban Calls Out Trump's Investment Record: 'Which Startups Has Trump Ever Invested In That Didn't Involve A Family Member?'

Crypto analyst Michaël van de Poppe has forecast that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could potentially skyrocket by a staggering 890% in the current cycle, reaching a <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39565057/bitcoin-may-face-another-correction-dropping-to-55-000-predicts-crypto-analyst">value between $300,000 and $600,000</a>.
What Happened: Van de Poppe shared his optimistic prediction with his 724,700 followers on social media platform X. 
He expressed his belief that Bitcoin&#8217;s current market value is significantly underpriced and could witness a substantial surge if investors consider the digital asset as a safe haven against geopolitical uncertainties, banking instability, and currency debasement.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This explains it all. The current valuation of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is still super low. I wouldn't be surprised with $300,000-600,000 this cycle. <a href="https://t.co/5GUaBPMZ6A">https://t.co/5GUaBPMZ6A</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1834287850893799702?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
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Van de Poppe also pointed out a potential breakout in the TOTAL3 chart, which monitors the market capitalization of all crypto assets excluding Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and stablecoins. He observed a bullish divergence on the weekly time frame with the relative strength index (RSI), indicating a possible reversal could be on the horizon.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39022983/is-bitcoin-really-out-of-the-danger-zone-crypto-analyst-predicts-potential-dip">Is Bitcoin Really Out Of The Danger Zone? Crypto Analyst Predicts Potential Dip</a>
A breakout in the TOTAL3/BTC ratio would suggest that the broader altcoin market is outperforming Bitcoin.
At the time of writing, Bitcoin was trading at $60,013.74, up by almost 10% in the last seven days. &nbsp;&nbsp;
Why It Matters: Van de Poppe&#8217;s prediction, if realized, could signify a monumental shift in the crypto market. Bitcoin&#8217;s potential surge could attract a new wave of investors, further solidifying its position as a leading digital asset. 
Additionally, a breakout in the TOTAL3/BTC ratio could indicate a growing interest in altcoins, potentially leading to a more diversified crypto market.
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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.

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

Cryptocurrency

Markets

$BTC

$ETH

Michaël Van De Poppe Predicts Massive Bitcoin Surge, Says Price May Soar By 890%

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star&#8217;s recent endorsement <a href="https://www.benzinga.com/general/entertainment/23/10/35256829/taylor-swifts-eras-tour-projected-to-rake-in-absurd-amount-and-rank-her-above-these-notable">of Democratic nominee Kamala Harris</a> for president.
What Happened: The mother had initially purchased the tickets for her daughter&#8217;s 13th birthday celebration. The tickets were for Swift&#8217;s Eras Tour in Toronto. However, following Swift&#8217;s public endorsement of Harris, the mother expressed her disapproval in a video that quickly went viral.
In the video, the mother criticized Swift&#8217;s political leanings, accusing her of having &#8220;non-Christian beliefs.&#8221; She also voiced her support for Donald Trump, asserting that he was &#8220;the right guy for the job.&#8221;
In the video, the mother stated, &#8220;So with that, I&#8217;m gonna shake it off, and I&#8217;m done with you.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This concern mother has three tickets to the Taylor Swift concert in Toronto on November 15th. It was a special gift for her daughter who turns 13 that day. Her daughter has been a Taylor Swift fan forever, but because of Taylor's endorsement of Kamala, she now has those… <a href="https://t.co/frZxCUNm3Y">pic.twitter.com/frZxCUNm3Y</a>
&mdash; ꪻꫝể ꪻꫝể (@TheThe1776) <a href="https://twitter.com/TheThe1776/status/1834083790710603952?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
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</figure>
"My tickets are now up for sale because I don't want to spend another dollar supporting you and your private planes and your non-Christian beliefs," the mother said.
Also Read: <a href="https://www.benzinga.com/general/entertainment/24/02/36923441/a-dream-weekend-with-taylor-swift-and-travis-kelce-comes-with-a-hefty-price-tag-heres-how-m">A Dream Weekend With Taylor Swift And Travis Kelce Comes With A Hefty Price Tag — Here&#8217;s How Much You&#8217;d Need To See Both In Action</a>
Swift had recently expressed her support for Harris via an Instagram post after a debate, which resulted in a surge of traffic to vote.gov. However, the mother felt that Swift&#8217;s post demonstrated a lack of &#8220;an open mind.&#8221;
"Donald Trump is the right guy for the job. If the economy of the United States suffers, the whole world suffers, Taylor, and if the whole suffers, there goes your job, your career, because nobody's gonna be able to afford going to your concert," she added in the video.
Why It Matters: This incident underscores the impact of celebrity endorsements on their fan base. Swift&#8217;s political stance has clearly influenced this mother&#8217;s perception of her, leading to a personal protest against the singer. 
It also highlights the potential for social media platforms like Instagram to drive political engagement, as evidenced by the increased traffic to vote.gov following Swift&#8217;s post. 
However, it also raises questions about the expectations fans have of their idols and the extent to which celebrities should express their political beliefs.
Read Next
<a href="https://www.benzinga.com/general/entertainment/23/05/32500976/a-father-paid-21-000-for-his-daughter-to-see-taylor-swift-after-he-didnt-receive-his-initia" target="_blank" rel="noreferrer noopener">A Father Paid $21,000 For His Daughter To See Taylor Swift After He Didn&#8217;t Receive His Initial $1,900 Tickets</a>
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.

Entertainment

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares rocketed 98.32% after the company announced it raised <a href="https://www.benzinga.com//node/40833208" target="_blank" rel="noreferrer noopener">$235 million in net proceeds</a>.</li>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) stock gained 31.77% in the last week after GSK halted development of the Herpes Simplex Virus Vaccine, clearing the path for other contenders like Moderna and BioNTech.</li>
<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock jumped 28.38% as several analysts raised<a href="https://www.benzinga.com/quote/app/analyst-ratings" target="_blank" rel="noreferrer noopener"> the price target on the stock</a>.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) stock escalated 21.37%. The stock possibly jumped amid sympathy with Petco Health and Wellness Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) after the company <a href="https://www.benzinga.com//node/40822147" target="_blank" rel="noreferrer noopener">reported financial results</a>.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares increased 20.81%. The stock may be up amid a <a href="https://www.benzinga.com//node/40852990" target="_blank" rel="noreferrer noopener">rebound in some chip stocks</a>.</li>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) shares gained 20.50% after Raymond James initiated coverage on the stock with an Outperform rating and announced <a href="https://www.benzinga.com/quote/arm/analyst-ratings" target="_blank" rel="noreferrer noopener">a $160 price target</a>.</li>
<li>MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock upped 18.74% after the company announced purchasing 18,300 bitcoins (CRYPTO: BTC/USD).</li>
<li>Kinross Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) shares increased 17.14% after the company announced it completed a Preliminary Economic <a href="https://www.benzinga.com//node/40788842" target="_blank" rel="noreferrer noopener">Assessment for the Great Bear project</a>.</li>
<li>Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) stock gained 17.10% in the last week on continued strength after a recently announced multi-year partnership with Charter to integrate linear video and streaming services to enhance flexibility and value in video bundles.</li>
<li>Vertiv Holdings, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) stock upped 17.02%.</li>
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Image via Chewy

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AVGO

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EXAS

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WOOF

Chewy, Broadcom And MicroStrategy Are Among Top 10 Large Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

Robert Kiyosaki, the renowned financial educator and the author of the best-selling book Rich Dad, Poor Dad, recently expressed his concerns <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39563506/rich-dad-poor-dad-author-robert-kiyosaki-questions-bitcoin-etfs-authenticity-etfs-are-fake">over the escalating U.S. debt</a>.
What Happened: In a series of posts on X last week, Kiyosaki warned about the growing $35 trillion U.S. debt, calling it &#8220;the real problem&#8221; that &#8220;neither [Donald] Trump nor Kamala [Harris] can solve.&#8221;
He further highlighted that the U.S. debt increases by $1 trillion every 100 days and that interest on this debt is America&#8217;s biggest expense, costing over $1 trillion a year.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">While I want Trump to win… it really makes little difference if Trump or Harris win. The real problem is the $35 trillion in US debthat is the real problem….neither Trump nor Kamala can solve. As stated in earlier tweets the US debt goes up by $1 1trillion every 100 days.…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1834386468296687820?ref_src=twsrc%5Etfw">September 13, 2024</a></blockquote>
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Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40431598/rich-dad-poor-dad-author-robert-kiyosaki-urges-shift-to-bitcoin-amid-economic-uncertainty-">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Urges Shift To Bitcoin Amid Economic Uncertainty: &#8216;Panics In Capital Markets Are Visible, Why Take The Chance&#8217;</a>
Kiyosaki also attempted to illustrate the enormity of one trillion dollars, stating, &#8220;If you spent $1 a minute it would take 31,688 years to spend 1 trillion dollars.&#8221; He concluded his thread by writing, &#8220;The dollar is trash.&#8221;
Why It Matters: Kiyosaki&#8217;s posts on X come amid ongoing debates about the sustainability of U.S. debt. His comments reflect a growing concern among some financial experts about the potential long-term consequences of such high levels of debt.
In his posts, Kiyosaki also advised his followers: &#8220;Stop saving dollars, fake money&#8230;&amp; start saving gold, silver, &amp; Bitcoin&#8230;real money.&#8221; This suggests a belief in the potential of these assets as a hedge against the risks associated with the US dollar and the country&#8217;s debt situation.
While Kiyosaki&#8217;s views are certainly controversial, they highlight important discussions about the future of the US economy and the role of traditional and digital assets within it.
Read Next
<a href="https://www.benzinga.com/news/24/08/40147003/rich-dad-poor-dad-author-robert-kiyosaki-sees-wealth-accumulation-in-market-declines-markets-are-cra" target="_blank" rel="noreferrer noopener">‘Rich Dad Poor Dad' Author Robert Kiyosaki Sees Wealth Accumulation In Market Declines: ‘Markets Are Crashing, Great News, This Is Your Turn To Get Richer'</a>
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.

Robert Kiyosaki Rings Alarm Bells Over Soaring US Debt: 'The Dollar Is Trash'

In the aftermath of the recent presidential debate between Donald Trump and Kamala Harris, a fresh poll suggests that Trump has overtaken <a href="https://www.benzinga.com/news/24/09/40669286/harris-vs-trump-this-candidate-leading-in-numerous-polls-transforming-political-landscape">Harris in the key state of North Carolina</a>.
What Happened: According to the Trafalgar Group <a href="https://www.thetrafalgargroup.org/wp-content/uploads/2024/09/NC-24-General-0913_Report.pdf">poll</a> conducted September 11-12, Trump outperforms Harris 48.4% to 46% among probable voters in North Carolina, which has 16 electoral votes.
The poll infers a potential 2% shift from Harris&#8217; supporters to Trump, notwithstanding his lackluster performance at the Philadelphia debate. 
Among the 1,094 respondents, the majority selected Trump when questioned who they would vote for &#8220;if the presidential election were held today.&#8221;
Just 3.1% of voters were still undecided, while 2.4% opted for candidates other than Trump or Harris. The majority of the participants were white females, with approximately 34% identifying as a race other than white. The number of women participants was about 10% higher.
Also Read: <a href="https://www.benzinga.com/news/24/09/40866884/trump-vs-harris-tense-standoff-in-nail-biter-polls">Trump Vs. Harris: Tense Standoff In Nail-Biter Polls</a>
The poll also indicated a relatively even divide along party lines, with 35.2% identifying as Republican and 33.1% as Democrat.
Earlier polls, such as the August Survey USA poll from High Point University, had Harris slightly ahead in North Carolina. The FiveThirtyEight polling average for the state also has Harris leading by a thin margin.
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Why It Matters: This latest poll suggests a shift in voter sentiment in North Carolina, a crucial battleground state. Despite Trump&#8217;s underwhelming debate performance, he appears to have gained ground, potentially indicating a shift in voter priorities or perceptions of the candidates. 
The slim lead Harris held in previous polls seems to have evaporated, adding uncertainty to the race. This development underscores the fluid nature of the electoral landscape and the potential for further shifts as the election approaches.
Read Next
<a href="https://www.benzinga.com/news/24/08/40667209/trump-vs-harris-new-polls-reveal-this-candidate-is-outperforming-in-swing-states" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Polls Reveal This Candidate Is Outperforming In Swing States</a>
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.

Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State

As the Federal Reserve prepares <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40855247/fed-rate-cuts-and-s-p-500-the-why-matters-most-data-shows">to cut interest rates</a>, Americans will need to adjust their bond and income portfolios to capitalize on current yields and protect against future market shifts. This means advisors and wealth managers need to reassess their fixed-income strategies.
Recent economic data on employment and inflation has reinforced expectations of imminent rate cuts. The benchmark 10-Year Treasury Note has already reacted, with its yield dropping to 3.7% from a 2024 high of 4.7% in April. In response, advisors are taking varied approaches to portfolio management, according to <a href="https://www.investmentnews.com/fixed-income/financial-advisors-tweaking-bond-portfolios-as-rate-cuts-approach/257146">InvestmentNews</a>.
Eric Amzalag of Peak Financial Planning has been progressively adding bond exposure over the past year and plans to increase allocation to long-duration U.S. government bonds. However, he&#8217;s waiting for 10-Year Treasury yields to bounce back to 3.9-4% before fully implementing this strategy.
Meanwhile, Daniel Lash of VLP Financial Advisors has gradually shifted from shorter to more intermediate-term duration over the past two years. He&#8217;s cautious about moving to long-term duration, citing inadequate risk-reward trade-offs at present.
Also Read:<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40857676/what-changed-federal-reserve-may-take-a-bigger-50-basis-points-rate-cut-bite-next-week-mar"> &#8216;What Changed?&#8217; — Federal Reserve May Take A Bigger 50 Basis Points Rate Cut Bite Next Week, Market Odds Imply</a>
Mabrouk Chetouane from Natixis Investment Managers emphasizes the protective role of bonds against potential equity market downturns. And Ed Al-Hussainy of Columbia Threadneedle Investments notes that current yield levels offer income opportunities unseen in a decade, highlighting potential in agency MBS and asset-backed securities.
Of course, what the Fed will ultimately do remains to be seen. Will Sterling of TritonPoint Wealth believes market participants are too aggressive in their rate cut expectations, anticipating 250 basis points of cuts over the next 12 months.
Finally, Brandon Ross of Quotient Wealth Partners is reducing credit risk by trimming high-yield exposure and adding quality investments. He&#8217;s also incorporating active managers for fundamental analysis to identify undervalued, higher-quality bonds.
As the Fed approaches its first rate cut, advisors are balancing duration strategies to benefit from potential rate decreases while maintaining flexibility to respond to market volatility. This calculated approach aims to optimize client portfolios in an evolving economic landscape, blending protection with opportunistic positioning.
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Advisors Brace For Fed Rate Cuts: Shifting Bond Strategies To Balance Yield And Risk

Donald Trump has announced the launch of his decentralized finance (DeFi) crypto project, World Liberty Financial, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40429919/trumps-crypto-reversal-ex-president-reportedly-holds-more-than-1m-in-digital-assets">slated for Monday</a>.
What Happened: Trump revealed the launch date of his DeFi platform in a video update on social media platform X. The platform is designed to aid those who are underserved by the traditional banking system.
Trump invited the public to join him live on X Spaces for the project&#8217;s launch, emphasizing the project&#8217;s commitment to the future of crypto and the need to move away from the &#8220;slow and outdated big banks.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/worldlibertyfi?ref_src=twsrc%5Etfw">@WorldLibertyFi</a> <a href="https://t.co/rHEGQXl4jL">pic.twitter.com/rHEGQXl4jL</a>
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1834311432982135015?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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"Join me live on Twitter Spaces at 8pm, September 16th, for the launch of World Liberty Financial. We're embracing the future with crypto and leaving the slow and outdated big banks behind," Trump said in the post. 
World Liberty Financial issued a statement earlier this month highlighting its mission to promote stablecoins pegged to the US dollar and the concept of decentralized finance globally.
The project views stablecoins as the foundation of DeFi and aims to ensure that US dollar-pegged digital assets continue to be the global settlement layer for DeFi protocols.
"Our mission is crystal clear: make crypto and America great by driving the mass adoption of stablecoins and decentralized finance. We believe that DeFi is the future, and we're committed to making it accessible and secure for everyone,&#8221; Trump added in the post. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40760191/trump-brothers-cryptocurrency-start-up-rattles-fathers-crypto-allies-this-is-a-huge-mistak">Trump Brothers&#8217; Cryptocurrency Start-Up Rattles Father&#8217;s Crypto Allies: &#8216;This Is A Huge Mistake&#8217;</a>
&#8220;By spreading U.S.-pegged stablecoins around the world, we ensure that the US dollar's dominance continues, securing America's financial leadership and influence on the global stage," he said. 
The project is working closely with cybersecurity firms and the prominent DeFi platform Aave (AAVE) to achieve its goals. Trump first announced the project in August, under the name The DeFiant Ones.
Why It Matters: The launch of World Liberty Financial marks a significant step in the integration of crypto into mainstream financial systems. With its focus on stablecoins and DeFi, the project aims to provide an alternative to traditional banking, particularly for those marginalized by the current system. 
The collaboration with Aave, a leading player in the DeFi space, further underscores the project&#8217;s commitment to leveraging blockchain technology for financial inclusivity. 
This move by Trump could potentially influence other high-profile individuals to explore and invest in the crypto and DeFi space, thereby driving its growth and adoption.
Read Next
<a href="https://www.benzinga.com/24/09/40668757/trump-vs-harris-majority-of-us-crypto-owners-support-this-candidate" target="_blank" rel="noreferrer noopener">Trump Vs Harris: Majority Of US Crypto Owners Support This Candidate</a>
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.

Donald Trump Dives Into New Crypto Project: 'Let's Make Crypto And America Great By Driving Mass Adoption Of Stablecoins'

Former President Donald Trump has leveled accusations of election fraud against the Democratic Party and <a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy">has hinted at potential legal action</a>.
What Happened: Trump, in a post on Truth Social, alleged that the Democrats engaged in rampant cheating during the 2020 Presidential Election. 
He stated that he, along with a team of attorneys and legal scholars, is keeping a close eye on the upcoming 2024 presidential election. He warned that any individuals involved in &#8220;unscrupulous behavior&#8221; will face prosecution to the fullest extent of the law.
The former president&#8217;s post also mentioned that the 2024 election, where votes have just started being cast, will be under the closest professional scrutiny. He added that those found guilty of cheating will face long-term prison sentences to prevent such &#8220;depravity of justice&#8221; from recurring.
However, Mary Trump, the former president&#8217;s niece, refuted these allegations. In her recent Substack <a href="https://www.marytrump.org/p/cheating-as-a-way-of-life?publication_id=559646&amp;utm_campaign=email-post-title&amp;r=2je4vo&amp;utm_medium=email">post</a>, She stated that the only individuals caught cheating in the last presidential election were a few old white Republicans and Trump himself. She also criticized the mainstream media for not covering these allegations and threats made by Trump.
&#8220;It's always projection with my uncle, and that is never more true than when he's in the process of trying to pre-rig an upcoming election (which he did in both 2016, with Russian help, and in 2020, with the complicity of the Republican Party),&#8221; she said in the post. 
Also Read: <a href="https://www.benzinga.com/news/24/09/40867372/mary-trump-says-donald-trump-remains-thin-skinned-bully-and-thats-what-makes-him-dangerous">Mary Trump Says &#8216;Donald Trump Remains Thin-Skinned Bully And That&#8217;s What Makes Him Dangerous&#8217;</a>
She further suggested that Trump&#8217;s real aim is not to win the election outright but to keep it close enough so he can manipulate the results by having his allies in the House of Representatives and the Supreme Court throw the election in his favor.
Mary Trump also said, &#8220;This election is too important to for us to rely on outlets that continue, against all evidence to the contrary, to normalize a deeply unwell traitor just so they can preserve the horse race of it all.&#8221;
&#8220;For Donald's part, he's not really trying to win anyway. He knows that he just needs to keep it close enough so he can cheat by having his friends in the House of Representatives and the Supreme Court throw the election to him. We need to do everything we can to prevent that from happening,&#8221; she said. 
&#8220;The first is that he is a cruel man who delights in inciting violence against anyone who is either a member of a marginalized, at-risk group or somebody who doesn't support him. Also, if he believes, as seems apparent, that the only way for him to win is to attack those his base hates, he will do it,&#8221; Mary Trump added in her post. 
Read Now: <a href="https://www.benzinga.com/news/24/08/40429962/mary-trump-donalds-narcissistic-injury-is-so-great-that-he-has-essentially-stopped-campaigning" target="_blank" rel="noreferrer noopener">Mary Trump: ‘Donald's Narcissistic Injury Is So Great That He Has Essentially Stopped Campaigning'</a>
Why It Matters: The accusations and threats made by Trump have stirred up controversy and have the potential to impact the upcoming 2024 Presidential Election. The allegations of election fraud, if proven true, could significantly undermine public trust in the electoral process. 
Conversely, if these allegations are found to be baseless, they could further damage Trump&#8217;s credibility and influence over his supporters. 
The scrutiny of the 2024 Election, as mentioned by Trump, could also lead to increased tension and uncertainty in the lead-up to the election. 
The reactions and counter-allegations by Mary L Trump add another layer of complexity to this unfolding situation.
Read Next:
<a href="https://www.benzinga.com/news/24/07/39761289/trumps-niece-accuses-him-of-lying-about-involvement-in-controversial-project-2025-my-uncle-likes-to" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Accuses Him Of Lying About Involvement In Controversial Project 2025: ‘My Uncle Likes To Call America a ‘Stupid Country.&#8217; But We&#8217;re Not Nearly As Stupid As He Hopes We Are …</a>
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.

Mary Trump Says Her Uncle Is A 'Deeply Unwell Traitor': 'He Knows He Just Needs To Keep It Close Enough So He Can Cheat'

Financial expert Dave Ramsey rents his four-bedroom brick home in Brentwood, Tennessee, for $5,000 per month.
But it won't be all fun and games for the new tenant.<a href="https://www.benzinga.com/general/education/24/05/38665736/forget-moonlighting-here-are-dave-ramseys-5-best-recommendations-for-passive-income"> </a>According to the listing, <a href="https://www.benzinga.com/general/education/24/05/38665736/forget-moonlighting-here-are-dave-ramseys-5-best-recommendations-for-passive-income">Ramsey</a> has some strict rules for his new tenant: "No Pets, No Smoking, No Exceptions. Applicants must have verifiable proof of income no less than 3x the monthly rent for a minimum of two years."
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Located in an affluent suburb of Nashville, the 3,776-square-foot residence will be available to rent beginning in mid-October.
The home offers a luxurious living experience with a large living room, formal dining room, and dedicated exercise space. A private home office is a convenient feature for remote workers.
The property has been updated with new light fixtures, carpeting, paint and a modern front door. The primary bedroom downstairs includes a heated tile bathroom floor. Outside, a large screened-in patio, big lawn and three-car garage complete the package.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
While many people advocate for buying a home, Ramsey says<a href="https://www.benzinga.com/personal-finance/24/03/37671570/cant-afford-to-buy-a-home-dave-ramsey-has-some-suggestions"> renting is a good option</a> for some people.
In a post on X in May, he wrote, "Renting is NOT a waste of money. Just because a mortgage payment might be less than rent doesn't mean it's the right time for you to buy a house."
In the post, Ramsey notes that homeownership comes with many other expenses, including maintenance, homeowners association fees, homeowners insurance, and repair or replacement of the house's systems or appliances.
Trending: Mark Cuban believes &#8220;the next wave of revenue generation is around real estate and entertainment&#8221; —<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> this new real estate fund allows you to get started with just $100.</a>
"When the home is yours, all of those expenses are up to you. When you're renting, you're free from that added financial responsibility," Ramsey wrote. "Trust me, ‘house poor' isn't something you want to be. Until you're actually ready to buy, renting is never a waste of money."
This isn't Ramsey's first venture in Tennessee. In 2021, he listed his 13,517-square-foot French château in Franklin for $15.45 million. The property sold later that year for $10.2 million.
See Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> would you invest in it</a>?
Ramsey, 64, began his career as a young entrepreneur mowing lawns and later became a real estate broker. He graduated from the University of Tennessee at Knoxville.
After struggling with debt, Ramsey launched a financial radio program in 1992. He is now the host of "The Ramsey Show" and the author of several books, including the bestselling "The Total Money Makeover." Ramsey Solutions, his website, offers advice on various personal finance topics, from real estate to managing debt.
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Dave Ramsey's Tennessee Mansion For Rent – What Is His Stance On The Rent Vs. Buy Debate?

On Saturday, Elon Musk voiced his concerns regarding the <a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures">U.S. government&#8217;s fiscal approach</a>.
What Happened: Musk took to X to express his concerns about the U.S. government&#8217;s fiscal policy and criticized the government&#8217;s overspending, stating that it&#8217;s leading to bankruptcy and inflation.
<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">Extreme government overspending is bankrupting America and causing inflation <a href="https://t.co/TJkavJs4yP">https://t.co/TJkavJs4yP</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1834901913357500617?ref_src=twsrc%5Etfw">September 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk&#8217;s comments were in response to a tweet by James Lavish, who highlighted the U.S. government&#8217;s spending in August. According to Lavish, the government collected $307 billion in taxes and fees but spent $687 billion, resulting in a deficit of $380 billion.
Also Read: <a href="https://www.benzinga.com/news/24/09/40761472/could-elon-musk-lead-doge-if-donald-trump-returns-to-the-white-house">Could Elon Musk Lead &#8216;DOGE&#8217; If Donald Trump Returns To The White House?</a>
Why It Matters: Musk&#8217;s criticism comes at a time when concerns about inflation and government spending are growing. The U.S. government&#8217;s deficit spending has been a contentious issue, with critics arguing that it could lead to long-term economic problems, including inflation and bankruptcy.
While Musk did not provide a solution to the issue, his comments highlight the growing concern among business leaders about the government&#8217;s fiscal policy. 
His tweet has sparked a conversation about the need for fiscal responsibility and the potential consequences of overspending.
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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.

Musk Criticizes Government's Fiscal Policy, Says 'Extreme Government Overspending Is Bankrupting America'

The past weekend was packed with significant developments in the world of cryptocurrencies. From the controversial remarks of JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon on Bitcoin to the political implications of the upcoming U.S. elections on crypto, and the Trump family&#8217;s foray into DeFi, the crypto sphere was anything but dull. Here&#8217;s a recap of the top stories.
Jamie Dimon&#8217;s Bitcoin Comments Seven years ago, Jamie Dimon, CEO of JPMorgan Chase &amp; Co, made headlines for his scathing remarks on Bitcoin, even threatening to fire any JPMorgan trader caught dealing in the cryptocurrency. Fast forward to today, the bank holds positions in ETFs tracking Bitcoin. Quite a turnaround, isn&#8217;t it? <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40828224/jpmorgan-ceo-jamie-dimon-said-hed-fire-in-a-second-anyone-caught-trading-bitcoin-when-it-w">Read the full article here.</a>
Scaramucci&#8217;s Crypto Politics As the 2024 U.S. presidential election looms, Anthony Scaramucci, founder of SkyBridge, offered his insights on the potential impact of the election outcome on the crypto industry. He predicts a more open-minded approach to crypto if Kamala Harris wins the election. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40836362/exclusive-scaramucci-predicts-harris-will-adopt-a-more-open-minded-approach-to-crypto-if-e">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40860777/dogecoin-killer-shiba-inu-burns-11-million-coins-in-a-single-day-a-breakout-may-spark-the-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Burns 11 Million Coins In A Single Day: A Breakout &#8216;May Spark The Next Wave Of An Over 480% Run,&#8217; Trader Says</a>
Trump&#8217;s DeFi Vision The Trump family is gearing up to launch a cryptocurrency project called World Liberty Financial. The announcement, made on Donald Trump&#8217;s social media platform, signals a significant shift from his previous stance on digital currencies. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40853339/donald-trumps-son-barron-is-his-chief-defi-visionary-but-the-real-mastermind-behind-world-">Read the full article here.</a>
Bitcoin&#8217;s Election Impact A Bernstein report suggests that the 2024 election outcome could significantly impact Bitcoin&#8217;s price. A Trump victory could propel Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to $90K, while a Harris win could see Bitcoin retreating to $40K. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40778409/donald-trump-winning-the-election-could-propel-bitcoin-to-90k-but-a-kamala-harris-win-coul">Read the full article here.</a>
Scaramucci&#8217;s Bitcoin Predictions Anthony Scaramucci recently expressed gratitude to Michael Saylor, co-founder of MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), for contributing to his latest book on Bitcoin. Last week, Scaramucci predicted that Bitcoin could touch up to $200K. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40825182/anthony-scaramucci-said-last-week-bitcoin-could-touch-up-to-200k-now-hes-thanking-living-l">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40859365/ouch-harris-trump-themed-political-meme-coins-down-90-what-happened-to-4-more-years-of-cat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ouch! Harris, Trump-Themed Political Meme Coins Down 90%: What Happened To &#8216;4 More Years Of Catalysts&#8217;?</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/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Jamie Dimon's Bitcoin Comments, Trump's DeFi Vision, Bitcoin's Election Impact And More: Top Crypto Updates This Week

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