China Yongda Automobiles Stock (OTC: CYYHF)

Latest News for China Yongda Automobiles Stock (OTC:CYYHF)

China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.

CHINA YONGDA AUTO SVC ORD by China Yongda Automobile Svcs Hldgs Ltd.

China Yongda Automobiles Services Holdings Ltd

Samsung Electronics Co., Ltd.(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) has declared its intention to mass-produce the pioneering 5th generation HBM3E chip in the second quarter. This follows a prosperous first quarter, during which the company invested $82.07 billion (KRW 11.3 trillion).
What Happened: Samsung&#8217;s first-quarter facility investment totaled KRW 11.3 trillion. Of this, semiconductors and displays accounted for KRW 9.7 trillion and KRW 1.1 trillion respectively, reported <a href="https://www.chosun.com/economy/tech_it/2024/04/30/NVT43ISIXZBANJCUQXAEC7A4UQ/">Chosun</a>, a Korean portal. The company also unveiled plans to mass-produce its 5th generation HBM3E chip in the second quarter. This chip is a first in the industry, capable of stacking DRAM chips up to 12 layers.
See Also: <a href="https://www.benzinga.com/news/24/04/38478689/amid-latest-indictments-former-trump-aide-slams-ex-president-over-treatment-of-bodies-around-him-he?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of &#8216;Bodies Around Him&#8217;: &#8216;He Takes Out Everybody Who Is Loyal To Him&#8217;</a>
In February, Samsung announced the successful development of the HBM3E, which offers more advantages for expanding the capacity of AI semiconductors than the existing 8-layer HBM3E. This is primarily because increasing the DRAM capacity in AI semiconductors enhances learning efficiency.
There is a high level of anticipation for Nvidia supply, especially after Nvidia(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang left his &#8216;Jensen Approved&#8217; signature on Samsung&#8217;s HBM3E product last month. However, it is projected that the second quarter mass-produced product will be installed on AMD&#8217;s new AI accelerator &#8216;Instinct MI350&#8217;.
Why It Matters: With the growing demand for AI semiconductors, Samsung&#8217;s plans to increase supply and expand HBM production capacity are timely. The company is aiming to maximize the production capacity of the industry-first developed HBM3E 12-layer product, as the demand for high-capacity products continues to rise.
Read Next: <a href="https://www.benzinga.com/news/24/04/38479082/elon-musk-gives-one-word-response-to-joe-bidens-dig-at-donald-trump-at-white-house-correspondents-di?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gives One-Word Response To Joe Biden&#8217;s Dig At Donald Trump At White House Correspondents&#8217; Dinner</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Jae Hur</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Asia

Equities

News

Tech

NVDA

SSNLF

Samsung Electronics Set To Mass Produce Groundbreaking 5Th Gen HBM3E Chip To Advance AI Innovation

On Monday, the major U.S. stock indices finished positively, with the Dow Jones Industrial Average closing 0.4% up at 38,386.09, the S&amp;P 500 increasing by 0.32% to 5,116.17, and the Nasdaq rising by 0.35% to 15,983.08.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>)
The stock of the electric vehicle maker surged by 81.01% to close at $5.72 after the company announced that the California Air Resources Board <a href="https://www.benzinga.com/news/24/04/38493684/why-ev-maker-mullen-automotives-stock-is-charging-monday">approved</a> the 2024 Mullen THREE for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). This announcement sparked a significant rise in the company&#8217;s shares.
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
Amazon&#8217;s stock saw a modest increase of 0.75% to close at $180.96. The e-commerce giant is set to report its <a href="http://benzinga.com/24/04/38495466/amazon-q1-earnings-preview-analyst-estimates-key-items-to-watch-including-nba-wnba-fallout(opens in a new tab)">first-quarter financial results</a> after the market closes on Tuesday. Analysts are expecting Amazon to report a first-quarter revenue of $142.47 billion.
See Also: <a href="https://www.benzinga.com/news/24/04/38490818/if-you-invested-1000-in-chipotle-mexican-grill-a-decade-ago-this-is-how-much-itd-be-worth-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1000 in Chipotle Mexican Grill a Decade Ago, This is How Much It&#8217;d Be Worth Now</a>
SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)
SoFi Technologies&#8217; shares dropped by 10.48% to $7.05 after the company reported its fiscal first-quarter 2024 results. The company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/04/38495323/whats-going-on-with-sofi-technologies-stock-monday">adjusted revenue</a> increased 26% year-on-year to $580.648 million, beating the consensus of $555.997 million. The results led to a reversal in the company&#8217;s stock gains.
MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)
MicroStrategy&#8217;s stock rose slightly by 0.83% to close at $1,292.97. The company reported its first-quarter financial results after the bell Monday, revealing that it now holds 214,400 Bitcoins (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). The results showed a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38503135/microstrategy-reports-q1-results-company-holds-214-400-bitcoins">year-over-year</a> decrease of 5.51% in quarterly sales, missing the analyst consensus estimate.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares soared by 15.31% to $194.05 following the company&#8217;s achievement in passing a significant milestone for its full self-driving (FSD) technology in China. The news sparked a <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38506689/teslas-fsd-nod-win-seen-as-move-to-smooth-over-chinese-evs-entry-into-the-us-market-says">dramatic rally</a> in Tesla&#8217;s share price.
Photo by Jirapong Manustrong on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/04/38481364/chinas-big-banks-halt-russia-transactions-over-us-sanctions-forcing-firms-to-resort-to-underground-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China&#8217;s Big Banks Halt Russia Transactions Over US Sanctions, Forcing Firms To Resort To &#8216;Underground&#8217; Channels: Report</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Markets

$BTC

AMZN

MSTR

MULN

SOFI

TSLA

Mullen Automotive, Amazon, SoFi, MicroStrategy, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Tesla and SpaceX CEO Elon Musk has acknowledged <a href="https://www.benzinga.com/general/entertainment/24/04/38362990/taylor-swifts-the-tortured-poets-department-hits-1-6m-us-sales-sets-spotify-on-fire-with-ov">the remarkable achievement</a> of pop sensation Taylor Swift on his social media platform.
What Happened: On Monday, Musk took to X, formerly known as Twitter, to recognize Swift&#8217;s historic feat. The pop star became the first artist ever to occupy all 14 spots on the #Hot100 chart simultaneously. 
Swift&#8217;s songs that made it to the top 14 are: &#8220;Fortnight&#8221; featuring Post Malone, &#8220;Down Bad,&#8221; &#8220;I Can Do It With a Broken Heart,&#8221; &#8220;The Tortured Poets Department,&#8221; &#8220;So Long, London,&#8221; &#8220;My Boy Only Breaks His Favorite Toys,&#8221; &#8220;But Daddy I Love Him,&#8221; &#8220;Florida!!!&#8221; featuring Florence Welch, &#8220;Who&#8217;s Afraid of Little Old Me?,&#8221; &#8220;Guilty as Sin?,&#8221; &#8220;Fresh Out the Slammer,&#8221; &#8220;loml,&#8221; &#8220;The Alchemy,&#8221; and &#8220;The Smallest Man Who Ever Lived.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38471231/strong-quarterly-earnings-fuel-market-optimism-despite-inflation-concerns-slowing-economic-growt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Giving Up On Alcohol Doesn&#8217;t Mean Giving Up On Social Life: 5 Flavorful Alternatives That Made Sobriety Socially Satisfying</a>
Swift, in response to the Billboard&#8217; post on X, expressed her gratitude, saying, &#8220;You've outdone yourselves, this is unbelievable.&#8221;
Musk, who admitted that he may not be Swift&#8217;s typical audience, acknowledged her achievement, replying, &#8220;I'm not quite the target audience, but nonetheless very Impressive indeed!&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm not quite the target audience, but nonetheless very Impressive indeed!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1785012310328926259?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: This isn&#8217;t the first time <a href="https://www.benzinga.com/general/entertainment/23/06/32806663/elon-musks-now-deleted-tweet-compares-taylor-swift-to-napoleon-dynamite-swifties-erupt-in-o">Musk has publicly acknowledged Swift</a>. Last year, he compared Swift to Napoleon Dynamite in a post, sparking outrage among her fans. However, even then, he admitted being a Swift fan. &#8220;Am TS fan &#8211; of course &#8211; but how do we know for sure they&#8217;re different people,&#8221; he stated in a now deleted post. 
Meanwhile, Musk&#8217;s tech industry rival, Mark Zuckerberg, has also shown his admiration for Swift. In 2023, <a href="https://www.benzinga.com/general/entertainment/23/07/33477808/zuckerberg-has-bad-blood-with-musk-but-love-story-with-taylor-swift-attends-concert-with-be">Zuckerberg attended a Swift concert</a> with his family captioning the photos as &#8220;Life of a girl dad.&#8221; In the photos he shared from the concert on Instagram, the Meta CEO can be seen sporting friendship bracelets. 
Earlier this month, Zuckerberg also gave a shoutout to <a href="https://www.benzinga.com/general/entertainment/24/04/38420776/mark-zuckerberg-gives-shoutout-to-taylor-swifts-debut-on-threads-says-that-one-was-a-big-de">Swift&#8217;s debut on his social media platform</a>, Threads, saying, &#8220;That one was a big deal in my house.&#8221; 
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38474588/elon-musk-claps-back-at-facebook-co-founders-consumer-fraud-accusations-against-tesla-should-go-to-j?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bill Gates Shares Heartwarming Scuba Diving Photo With Daughter On Her 28th Birthday: &#8216;I&#8217;m In Awe Of How You Dive Headfirst Into Everything.&#8217;</a>
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.

Entertainment

Not Only Mark Zuckerberg, Elon Musk Too Is Enamored By Taylor Swift — Tesla CEO Lauds Pop Sensation For Creating History By Occupying All 14 Spots Of Hot100

In his recent Lightning Round segment, CNBC&#8217;s Jim Cramer advised investors to consider Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) stock, despite the current market turbulence.
What Happened: Cramer, the host of &#8220;Mad Money,&#8221; gave his opinion on a few stocks during his show on Monday. He recommended Palo Alto Networks, a cybersecurity company, as a strong buy, <a href="https://www.cnbc.com/2024/04/29/cramers-lightning-round-palo-alto-networks-is-a-buy.html">reported</a> CNBC.
"&#8230;I would be a buyer of Palo Alto right here, right now [buy, buy, buy!]," Cramer said. 
He also shared his thoughts on other companies, including Canopy Growth, Illumina, Bank of America, Dynatrace, and BrightSpring Health Services.
Earlier in March, Cramer had <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38179803/jim-cramer-weighs-in-on-feds-interest-rate-cut-plans-dont-hold-your-breath-this-eco">highlighted</a> the strong performance of the U.S. stock market, attributing it to the Federal Reserve&#8217;s indication of three expected interest rate cuts that year.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38476692/as-bitcoin-plunges-whale-makes-waves-with-77-67m-deposit-into-kraken?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">As Bitcoin Plunges, Whale Makes Waves With $77.67M Deposit Into Kraken</a>
Why It Matters: Palo Alto Networks&#8217; stock has been through a rollercoaster ride in 2024. In March, the stock was <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37903788/jim-cramer-sees-opportunity-in-palo-alto-networks-after-stock-is-overly-punished-in">overly punished</a>, according to Cramer, but he saw an opportunity in it. The stock has since seen a significant recovery. In April, Cramer advised investors to <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38105111/jim-cramer-nothing-terrific-about-gitlab-but-rocket-time-to-ka-ching-ka-ching">consider buying the stock</a> despite the market volatility.
Palo Alto Networks Price Action: On Monday, the stock opened at $298.00, with a high of $303.89 and a low of $291.83. The closing price was $293.41, a 0.71% increase from the previous day&#8217;s close of $291.42. The stock&#8217;s 52-week high was $380.84, and the low was $176.3025. The trading volume was 2,990,255. The stock&#8217;s performance can be tracked <a href="https://www.benzinga.com/stock-quotes/PANW">on Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478293/shiba-inus-burn-rate-soars-cathie-wood-believes-ethereum-could-catch-up-to-bitcoin-and-mor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Global

PANW

Jim Cramer On Palo Alto Networks: 'I Would Be A Buyer…Right Here, Right Now'

The economic outlook for 2024 is taking an unexpected turn as economists at Macquarie have revised their predictions for interest rates, now suggesting a potential hike.
What Happened: In a recent note, Macquarie&#8217;s strategists indicated that the likelihood of a Federal Reserve interest rate cut in 2024 is minimal, with the possibility of an interest rate hike, <a href="https://www.businessinsider.in/policy/economy/news/why-economists-who-originally-expected-multiple-deep-rate-cuts-in-2024-now-say-a-hike-is-possible/articleshow/109703374.cms">reported</a> Business Insider.
The economists had previously projected a series of significant rate cuts, driven by a slowdown in core inflation and a concerning rise in unemployment. However, the economic landscape has since shifted, with signs of inflation rebounding and a resilient U.S. economy, primarily fueled by consumer activity.
&#8220;Fresh U.S. data has prompted our U.S. economist to push out his projection of the start of the Fed&#8217;s easing cycle to 2025. We also don&#8217;t rule out that the next change may be a hike, which would prompt a new wave of broad-based U.S. dollar strength,&#8221; Macquarie said in a note on Monday.
The recent release of first-quarter GDP growth and PCE inflation data has further indicated persistent inflation and strong corporate earnings, suggesting a solid foundation for the U.S. economy.
See Also: <a href="https://www.benzinga.com/general/macro-notification/24/04/38491988/federal-reserve-meeting-preview-high-interest-rates-need-more-time-to-work-bank-of-ame?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Federal Reserve Meeting Preview: High Interest Rates &#8216;Need More Time To Work,&#8217; Bank of America Says</a>
These developments have led to a notable change in interest rate forecasts, with the Federal Reserve itself suggesting that its initial projection of three interest rate cuts for the year could diminish to just one or even none.
&#8220;We expect, in any case, that the Fed&#8217;s communications after the FOMC meeting this week will have a uniformly hawkish tone, conveyed primarily through the Statement,&#8221; Macquarie said.
&#8220;What is increasingly ominous too is the prospect that the next policy rate change may be a hike, even if the policy bias at the Fed is unchanged. Even if stock investors ignore that &#8211; on the premise that it would be just an offset to better nominal growth in the U.S. &#8211; the threat of a hike certainly would prompt a new wave of broad-based USD strength,&#8221; Macquarie said.
Why It Matters: This shift in interest rate forecasts is in line with recent developments in the Federal Reserve&#8217;s policy. Federal Reserve Chair Jerome Powell recently hinted at the possibility of a prolonged period of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38285563/jerome-powell-back-in-hawkish-policy-lane-why-economists-feel-feds-higher-for-longe">restrictive monetary policy</a>, leading economists to anticipate a &#8220;higher for longer&#8221; approach.
Despite recent inflation surprises, the Federal Reserve has not shown confidence in considering interest rate reductions, leading to a scenario of <a href="https://www.benzinga.com/general/macro-notification/24/04/38491988/federal-reserve-meeting-preview-high-interest-rates-need-more-time-to-work-bank-of-ame">higher-for-longer interest rates</a>, as highlighted by Bank of America&#8217;s U.S. economist Michael Gapen.
This decision has sparked a debate over its potential impact on the U.S. economy, with concerns raised about the possibility of maintaining <a href="https://www.benzinga.com/news/24/04/38425604/feds-high-interest-rate-policy-spurs-debate-over-economic-impact-this-is-the-path-of-a-potential-pro">high-interest rates</a> throughout 2024.
The most recent Federal Reserve rate hike took place during the FOMC Meeting on Jul. 26, resulting in a 25 basis point increase in the Federal Funds Rate, which rose from 5.25% to 5.50%. Following this adjustment, the S&amp;P 500 was at 4,566 on Jul. 26.
However, the index experienced a sustained decline until Oct. 27, hitting a low of 4,117. Subsequently, there was a significant resurgence in the S&amp;P 500, reaching a peak of 5,254 on Mar. 28. As of the present, the index is trading at 5,116.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/04/38494691/japan-intervenes-to-support-struggling-yen-why-did-it-trigger-nikkei-225-dip-4-charts-to-watch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Futures Dip? 4 Charts To Watch</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Analyst Color

Economics

Federal Reserve

Another Rate Hike Coming In 2024? Macquarie Economists Reverse Forecast: Warn Of 'Increasingly Ominous' Policy Rate Change

Whistleblower Edward Snowden&#8217;s recent poll on X, formerly Twitter, suggests a significant number of people desire a fresh face for the next U.S. President, rather than the current options.
What Happened: On Monday, Snowden posted a poll on X, asking his followers who they would prefer as the next president. The poll, which garnered over 1.7 million views and over 132,000 votes, showed that 88.7% of respondents preferred &#8220;Neither Trump nor Biden,&#8221; while only 11.3% chose &#8220;Either Trump or Biden.&#8221;
There were four days left for the poll to close, at the time of writing.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A genie appears, and your wish determines the next US President. Who do you want?
&mdash; Edward Snowden (@Snowden) <a href="https://twitter.com/Snowden/status/1784315792449781853?ref_src=twsrc%5Etfw">April 27, 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/news/24/04/38482843/americans-split-on-biden-vs-trump-but-nearly-half-of-all-voters-crave-an-alternative-new-poll-shows?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Americans Split On Biden Vs. Trump — But Nearly Half Of All Voters Crave An Alternative, New Poll Shows</a>
Why It Matters: This poll comes in the wake of Snowden&#8217;s previous comments on both President Biden and his predecessor Trump. Snowden has previously criticized the president for <a href="https://www.benzinga.com/news/24/02/37384159/edward-snowden-isnt-happy-biden-skipped-cognitive-testing-during-medical-exam-white-house-medical-st">skipping a cognitive assessment</a> during his annual physical examination and <a href="https://www.benzinga.com/news/24/04/38328257/edward-snowden-compares-biden-ordering-a-milkshake-to-jordan-at-the-top-of-his-game">compared Biden&#8217;s visit</a> to a Wawa convenience store in Philadelphia to &#8220;watching Jordan at the top of his game.&#8221;
Snowden&#8217;s poll and his previous comments reflect a growing sentiment among Americans for an alternative presidential candidate. A recent survey by Pew Research Center revealed that while Biden and Trump are virtually tied in terms of support, nearly half of all voters crave an alternative. Snowden&#8217;s poll, with its overwhelming preference for a new candidate, seems to echo this sentiment.
Furthermore, Snowden&#8217;s criticism of both Biden and Trump, as well as his assertion that they, along with Hillary Clinton, have all &#8220;<a href="https://www.benzinga.com/news/23/01/30366014/edward-snowden-says-trump-biden-hillary-all-mishandled-classified-papers-but-system-excuses-crimes-b">mishandled&#8221; classified documents</a>, suggests a disillusionment with the current political elite.
Photo Courtesy: Gage Skidmore on Flickr
Read Next: <a href="https://www.benzinga.com/news/24/04/38479283/ex-trump-aide-says-melania-trump-not-happy-with-latest-revelations-in-hush-money-trial?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-Trump Aide Says Melania Trump &#8216;Not Happy&#8217; With Latest Revelations In Hush-Money Trial</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Politics

General

Edward Snowden Releases 'Genie' Out Of The Bottle, His Ongoing Poll Shows People Want 'Neither Trump Nor Biden'

Samsung Electronics Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) has announced a nearly tenfold surge in its first-quarter operating profit. The significant increase is primarily attributed to a strong recovery in the company&#8217;s chip business.
What Happened: Samsung Electronics&#8217; semiconductor division registered an operating profit of 1.9 trillion won ($1.3 billion) in the first quarter, bouncing back after five consecutive quarters of losses, <a href="https://koreajoongangdaily.joins.com/news/2024-04-30/business/industry/Samsung-Electronics-reports-nearly-tenfold-profit-surge-in-Q1-/2036580">reported</a> Korea JoongAng Daily.
The tech giant disclosed on Tuesday that its operating profit for the first quarter stood at 6.6 trillion won, a staggering 931.9% increase compared to the same period last year. The company&#8217;s revenue for the quarter was 71.9 trillion won, marking a 12.8% year-on-year rise.
See Also: <a href="https://www.benzinga.com/news/24/04/38480519/trump-vs-biden-new-poll-reveals-shift-in-2024-race-as-public-divided-on-presidents-legacies?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Biden: New Poll Reveals Shift In 2024 Race As Public Divided On Presidents&#8217; Legacies</a>
The Device Solutions (DS) division, which oversees the chip business, reported a revenue of 23.1 trillion won, a significant 68% increase from the previous year. The division&#8217;s profit shifted from a loss of 4.6 trillion won a year ago to a profit of 1.91 trillion won in Q1.
&#8220;Samsung Electronics was able to realize qualitative growth and turn to profit for the memory chip business on the back of handling demands for value-added products such as HBM, DDR5, SSD for server and UFS4.0,&#8221; the company said in a <a href="https://news.samsung.com/global/samsung-electronics-announces-first-quarter-2024-results?utm_source=mainkv&amp;utm_medium=internal" target="_blank" rel="noreferrer noopener">statement</a>.
On the other hand, the Mobile Experience (MX) division, responsible for the smartphone business, experienced a slight 0.4% year-on-year drop in profit, recording 3.51 trillion won.
Why It Matters: Samsung&#8217;s impressive first-quarter performance, particularly in the semiconductor business, signifies a strong recovery from a period of consecutive losses. The company&#8217;s ability to meet the demand for value-added products has played a crucial role in this turnaround. However, the slight dip in the profit of the MX division indicates the challenges the company faces in the highly competitive smartphone market.
Price Action: Samsung Electronics rose 1.43% to 77,800 KRW at 10:53 a.m. Korean time in the local market.
Read Next: <a href="https://www.benzinga.com/news/24/04/38478689/amid-latest-indictments-former-trump-aide-slams-ex-president-over-treatment-of-bodies-around-him-he?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of &#8216;Bodies Around Him&#8217;: &#8216;He Takes Out Everybody Who Is Loyal To Him&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Jae Hur</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Earnings

Samsung Electronics Posts A Whopping 931.9% Profit Jump In Q1

Michael Cohen, former attorney to Donald Trump, has been leveraging TikTok livestreams to discuss the ongoing hush money trial against the former President, attracting thousands of viewers and reportedly earning financial benefits from viewer donations.
What Happened: Cohen has been using the social media platform to discuss the trial and his former client, despite being a central figure in the case. His nightly livestreams have raised eyebrows among legal experts who argue that his actions could undermine his credibility as a witness, <a href="https://abcnews.go.com/US/michael-cohen-cashing-trump-trial-tiktok-livestreams-problem/story?id=109695141">reported</a> ABC News.
Former Georgia prosecutor Chris Timmons expressed his concern, stating, &#8220;As a prosecutor, the last thing you want your witness to do is to be talking about the case in a forum other than the courtroom.&#8221; Jeremy Saland, a defense attorney, suggested that Cohen&#8217;s actions could potentially benefit Trump&#8217;s defense team.
See Also: <a href="https://www.benzinga.com/news/24/04/38482843/americans-split-on-biden-vs-trump-but-nearly-half-of-all-voters-crave-an-alternative-new-poll-shows?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Americans Split On Biden Vs. Trump — But Nearly Half Of All Voters Crave An Alternative, New Poll Shows</a>
Despite the criticism, Cohen has continued his livestreams, even after announcing on social media that he would &#8220;cease commenting on Trump and this matter.&#8221; His decision to continue discussing the trial has been met with approval from his viewers, who have made monetary donations during his streams.
However, the financial aspect of Cohen&#8217;s livestreams has been flagged as problematic. Timmons noted, &#8220;Anytime there&#8217;s money involved with a witness it&#8217;s a bad thing, because the jury is going to think this person is saying these things in court because they have a financial motive, not a motive of the truth.&#8221;
Despite the controversy, Cohen remains unapologetic about his actions, stating, &#8220;I am not the defendant in this criminal matter and am not the subject of Judge Merchan&#8217;s gag order. Donald is.&#8221;
Why It Matters: Despite <a href="https://www.benzinga.com/news/24/04/38426995/former-trump-attorney-vows-to-cease-public-criticism-of-ex-president-until-hush-money-trial-is-over">pledging to cease</a> public commentary about Trump until after the trial, Cohen has continued his TikTok livestreams. His actions have raised concerns among legal experts, who worry that his public commentary could provide additional material for Trump&#8217;s defense team during cross-examination.
Cohen&#8217;s role in the hush money trial has been a focal point, with his testimony potentially playing a <a href="https://www.benzinga.com/news/24/04/38240217/michael-cohen-suggests-public-will-be-surprised-by-bombshell-evidence-in-donald-trumps-hush-money-tr">pivotal role</a> in the case&#8217;s outcome. 
Photo by a katz on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38477167/trumps-niece-says-ex-president-could-face-criminal-charges-over-his-pacs-sketchy-transactions-donald?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President Could Face Criminal Charges Over His PACs&#8217; Sketchy Transactions: &#8216;Donald&#8217;s Legal Quagmire Deepens&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Trump Ex-Attorney Michael Cohen's Tiktok Livestreams On Hush Money Trial Draw Thousands, Attract Criticism: 'Anytime There's Money Involved...'

Sam Altman-led OpenAI has made its &#8220;Memory&#8221; feature&nbsp;available to all ChatGPT Plus&nbsp;subscribers, enabling the AI model to remember previous conversations and user-supplied insights.
What Happened: On Monday, OpenAI announced the expansion of its Memory feature to all ChatGPT Plus subscribers. This feature allows the AI chatbot to retain user-supplied insights or information, which can be used to generate future responses.
<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">Memory is now available to all ChatGPT Plus users. Using Memory is easy: just start a new chat and tell ChatGPT anything you'd like it to remember. Memory can be turned on or off in settings and is not currently available in Europe or Korea. Team, Enterprise, and GPTs to come. <a href="https://t.co/mlt9vyYeMK">pic.twitter.com/mlt9vyYeMK</a>
&mdash; OpenAI (@OpenAI) <a href="https://twitter.com/OpenAI/status/1784992796669096181?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
For instance, in a demo video, ChatGPT remembers personal details such as the user&#8217;s pets, travel plans, and family members. When the user asks the chatbot to create a photo of their pets riding a surfboard, ChatGPT uses this information&nbsp;to generate the image without further direction.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38488085/metas-chief-ai-scientist-reveals-mark-zuckerberg-was-snubbed-from-bidens-ai-safety-institute-elon-mu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta&#8217;s Chief AI Scientist Reveals Mark Zuckerberg Was &#8216;Snubbed&#8217; From Biden&#8217;s AI Safety Institute; Elon Musk Also Missing From The List</a>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: OpenAI had initially&nbsp;<a href="https://www.benzinga.com/news/24/02/37102655/chatgpt-will-remember-you-new-memory-upgrade-will-make-ai-interactions-more-personal">tested the feature earlier</a> this&nbsp;year and has since made improvements. The AI tool now notifies users when it uses their inputs to update memories. It also allows users to manage their memories by viewing and editing their Memory history.
Users can turn the Memory feature on or off in settings and delete their memories if they wish. 
To activate this feature, begin by selecting your profile located in the bottom left corner of the screen. Next, navigate to Settings, then Personalization, and toggle the Memory option to your preference. If you choose &#8220;Manage,&#8221; you&#8217;ll gain access to view all your saved memories and adjust them accordingly.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29214159/Screenshot-2024-04-30-at-7.11.44%E2%80%AFAM-1024x692.png" alt="" class="wp-image-314269" /></figure>
Photo Courtesy: Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38474588/elon-musk-claps-back-at-facebook-co-founders-consumer-fraud-accusations-against-tesla-should-go-to-j?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Claps Back At Facebook Co-Founder&#8217;s Consumer Fraud Accusations Against Tesla: &#8216;Should Go To Jail For Impersonating A Smart Person&#8217;</a>
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.

OpenAI's ChatGPT Unveils 'Memory' Feature For All Plus Subscribers: Here's How It Works

European Commission president&nbsp;Ursula von der Leyen&nbsp;has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37886126/kevin-oleary-wants-to-buy-tiktok-and-is-scouting-for-investment-an-interesting-deal">suggested that a ban</a> on&nbsp;TikTok&nbsp;in the EU is&nbsp;a possibility.
What Happened: Von der Leyen made the statement during a debate in Maastricht on Monday, where the lead candidates for the 2024 EU election were discussing various issues,&nbsp;<a href="https://www.politico.eu/article/tiktok-ban-in-eu-is-not-excluded-von-der-leyen-says/">reported</a>&nbsp;Politico. 
The moderator had referenced the situation in&nbsp;the U.S., where <a href="https://www.benzinga.com/news/24/04/38394855/biden-set-to-sign-tiktok-ban-into-law-after-senate-passes-bill-supported-by-gop-democrats">TikTok&nbsp;is facing a potential national ban</a> after President Joe Biden <a href="https://www.benzinga.com/markets/asia/24/04/38418913/tiktok-fights-back-we-arent-going-anywhere-whats-next-for-users">signed the bill last week</a>, unless its owner,&nbsp;ByteDance, sells the platform.
&#8220;It is not excluded,&#8221; von&nbsp;der Leyen said, before adding&nbsp;that the Commission was &#8220;the&nbsp;very first institution worldwide to ban TikTok on our corporate&nbsp;phones.&#8221;
 &#8220;We know exactly the danger of TikTok,&#8221; she said. 
See Also:&nbsp;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 statement comes amid a series of setbacks&nbsp;for TikTok in Europe. Last&nbsp;week, the platform suspended&nbsp;a <a href="https://www.benzinga.com/government/24/04/38445920/tiktok-will-stop-paying-people-for-using-the-app-after-eu-raised-addiction-concerns">feature that rewarded users</a>&nbsp;for engaging&nbsp;with the TikTok Lite app,&nbsp;following an investigation by the Commission under&nbsp;the Digital Services Act or DSA.
TikTok is also under a separate DSA probe&nbsp;for alleged <a href="https://www.benzinga.com/news/24/02/37204761/tiktok-under-investigation-over-possible-violations-of-child-protection-rules-by-the-eu">failures to protect&nbsp;minors</a>. Under the DSA, the&nbsp;Commission has the authority to&nbsp;order the temporary suspension of&nbsp;a service as a last&nbsp;resort.
Meanwhile, TikTok&#8217;s parent company, ByteDance, has&nbsp;<a href="https://www.benzinga.com/news/24/04/38500093/tiktok-ban-courts-must-decide-whether-national-security-concerns-trump-freedom-of-expression">indicated a preference</a>&nbsp;for a shutdown or ban over selling the platform in the U.S. In a video, TikTok CEO&nbsp;Shou Chew&nbsp;promised that the company would first fight the ban in court.
Some observers contend that implementing a ban could potentially advantage the primary competitors of the platform in the U.S., such as Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), both of which have members of <a href="https://www.benzinga.com/news/23/03/31521439/conflict-of-interest-congress-members-who-own-meta-goog-snap-shares-could-benefit-from-tiktok-ban">Congress among their investors</a>.
Photo by XanderSt on Shutterstock
Check out more of Benzinga'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:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/04/38471231/strong-quarterly-earnings-fuel-market-optimism-despite-inflation-concerns-slowing-economic-growt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/news/24/04/38488085/metas-chief-ai-scientist-reveals-mark-zuckerberg-was-snubbed-from-bidens-ai-safety-institute-elon-mu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta&#8217;s Chief AI Scientist Reveals Mark Zuckerberg Was &#8216;Snubbed&#8217; From Biden&#8217;s AI Safety Institute; Elon Musk Also Missing From The List</a>
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

SNAP

After Biden Signs TikTok Ban Into Law, Top EU Leader Says Not Ruling Out Action Against Chinese Platform: 'We Know Exactly The Danger'

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has seen its short-term holder realized price at $59,800, which could potentially lead to a significant correction in its price, according to a prominent crypto analyst.
What Happened: On Tuesday, Ali Martinez, a well-known crypto analyst, took to social media platform X to share a warning about a potential correction in Bitcoin&#8217;s price. 
Martinez pointed out that historically, Bitcoin has often rebounded from this level during an uptrend. However, falling below this level could trigger a significant price correction.
&#8220;#Bitcoin short-term holder realized price is at $59,800! Historically, $BTC often bounces off this level during an uptrend. However, falling below could trigger notable #BTC price corrections,&#8221; Ali wrote. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> short-term holder realized price is at $59,800! Historically, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> often bounces off this level during an uptrend. However, falling below could trigger notable <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> price corrections. <a href="https://t.co/AKQiNv25Ws">pic.twitter.com/AKQiNv25Ws</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1785026635202167196?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The short-term holder realized price is the average price at which recently sold Bitcoin was acquired by short-term investors.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38471459/bitcoin-ethereum-dogecoin-on-shaky-ground-crypto-veteran-sees-bitcoin-still-stuck-in-range?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin On Shaky Ground, Crypto Veteran Sees &#8216;Bitcoin Still Stuck In Range&#8217;</a>
Why It Matters: This warning comes amid a period of price consolidation for Bitcoin. Pseudonymous cryptocurrency trader Stockmoney Lizards recently addressed concerns about Bitcoin&#8217;s recent price action, maintaining a bullish outlook despite the correction. Lizards suggested that the correction could potentially send Bitcoin back to <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38493455/bitcoin-is-in-correction-mode-but-thats-necessary-for-the-chart-to-look-good-crypto-trader">the $50,000 range</a> but emphasized that this could be a temporary setback and not indicative of the end of the bull market.
Meanwhile, prominent cryptocurrency analyst Benjamin Cowen has predicted <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38499287/ethereums-bottom-against-bitcoin-still-likely-a-few-months-away-predicts-crypto-analyst">further bearish momentum</a> for the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) to Bitcoin pair trade. Cowen maintains his stance despite the recent market pump, suggesting that the current upward movement in the ETH/BTC ratio may be short-lived.
Price Action: According to data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>, Bitcoin last traded at $64,591, marking a 1.17% increase over the past 24 hours and a significant 46.23% increase year-to-date.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38488740/dogecoins-5-loss-closes-lowest-weekly-candle-in-2-months-but-this-trader-wouldnt-be-holdin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin&#8217;s 5% Loss Closes Lowest Weekly Candle In 2 Months, But This Trader &#8216;Wouldn&#8217;t Be Holding If It Was All Over&#8217;</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

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

Cryptocurrency

$ETH

Bitcoin's Short-Term Holder Realized Price At $59,800; Analyst Says Falling Below This Could Trigger Notable 'Price Corrections'

While wheat and corn have long dominated American plates and agricultural policies, Microsoft co-founder Bill Gates <a href="https://www.gatesnotes.com/Fonio">highlighted</a> a lesser-known African grain named Fonio as a transformative food of the future.
With its unique set of qualities, Fonio is not just a staple in its native lands but also a promising candidate to meet global food sustainability challenges.
This "lost grain" from Africa has five special qualities, here's what you should know:
<h3 class="wp-block-heading">Nutritional Powerhouse</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090203/Fonio-1-1024x585.jpg" alt="" class="wp-image-313200" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090203/Fonio-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090203/Fonio-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090203/Fonio-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090203/Fonio-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090203/Fonio-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Fonio is packed with nutrition &#x7C; Image generated using Dall-E</figcaption></figure>
Fonio may be small, but it&#8217;s mighty when it comes to nutrition. Packed with amino acids that are often deficient in today&#8217;s major cereals, Fonio offers a high-quality protein profile that supports muscle growth and overall health.
It&#8217;s also rich in iron, zinc, and B vitamins, making it a great choice for anyone looking to boost their nutrient intake. This nutrition density positions Fonio as an ideal food for diverse diets worldwide.
<h3 class="wp-block-heading">Fast and Furious Growth</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090230/Fonio-2-1024x585.jpg" alt="" class="wp-image-313201" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090230/Fonio-2-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090230/Fonio-2-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090230/Fonio-2-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090230/Fonio-2-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090230/Fonio-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Fonio has a fast growth cycle &#x7C; Image generated using Dall-E</figcaption></figure>
One of Fonio&#8217;s standout qualities is its incredibly fast growth cycle. Able to mature in as little as six to eight weeks, Fonio is a dream crop for farmers dealing with unpredictable climate conditions. This rapid turnaround can lead to multiple harvests in a single growing season, ensuring food security and steady income for local communities.
<h3 class="wp-block-heading">Climate Resilient</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090252/Fonio-3-1024x585.jpg" alt="" class="wp-image-313202" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090252/Fonio-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090252/Fonio-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090252/Fonio-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090252/Fonio-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090252/Fonio-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Fonio grows in challenging weather conditions &#x7C; Image generated using Dall-E</figcaption></figure>
In an era where climate change threatens food production worldwide, Fonio shines as a resilient champion. It thrives in poor soil conditions and requires very little water, making it suitable for arid regions where other grains fail.
This hardiness not only makes Fonio a sustainable option but also a potential lifesaver for populations vulnerable to food scarcity.
<h3 class="wp-block-heading">Gluten-Free Goodness</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090319/Fonio-4-1024x585.jpg" alt="" class="wp-image-313207" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090319/Fonio-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090319/Fonio-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090319/Fonio-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090319/Fonio-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090319/Fonio-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Escape the gluten with Fonio &#x7C; Image generated using Dall-E</figcaption></figure>
With the rising trend of gluten-free diets, Fonio enters the scene as an excellent alternative to conventional grains.
Its gluten-free nature makes it a safe and delicious option for those with gluten intolerance or celiac disease, opening up a world of culinary diversity without digestive distress.
<h3 class="wp-block-heading">Economic Empowerment</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090335/Fonio-5-1024x585.jpg" alt="" class="wp-image-313208" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090335/Fonio-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090335/Fonio-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090335/Fonio-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090335/Fonio-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29090335/Fonio-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Fonio can drive economic growth, too &#x7C; Image generated using Dall-E</figcaption></figure>
Fonio not only enriches diets but also lives. Cultivating Fonio can drive economic growth in impoverished regions, providing a sustainable livelihood for small-scale farmers.
Integrating Fonio into global markets can also support economic development in some of the world's most vulnerable areas, turning agriculture into a tool for prosperity.
This ancient grain with modern superpowers could very well be the key to future food sustainability, offering a blend of health benefits, environmental resilience, and economic potential. It&#8217;s no wonder Gates is calling it the "future of food."
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo generated using Dall-E

Education

Bill Gates Says Americans Are Obsessed With Wheat And Corn But This Lost Grain From Africa Is The 'Future Of Food' Due To Its 5 Special Qualities

Hunter Biden, son of President Joe Biden, has demanded that Fox News remove explicit images from its platforms, alleging defamation and unlawful publication of private images.
According to a CNN <a href="https://edition.cnn.com/2024/04/29/politics/hunter-biden-fox-letter/index.html">report</a> published on Friday, a letter from Hunter Biden&#8217;s legal team accuses Fox News and FOX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) of conspiracy to defame. It seeks corrections and retractions on air and in online articles related to claims that President Biden and his son were involved in a bribery scheme abroad.
The legal team has been pursuing an aggressive legal and public relations strategy for several months, including filing lawsuits against Hunter Biden&#8217;s detractors. The lawyers have stated they &#8220;anticipate&#8221; suing Fox but have not yet done so.
See Also: <a href="https://www.benzinga.com/news/24/04/38482843/americans-split-on-biden-vs-trump-but-nearly-half-of-all-voters-crave-an-alternative-new-poll-shows?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Americans Split On Biden Vs. Trump — But Nearly Half Of All Voters Crave An Alternative, New Poll Shows</a>
The letter also criticizes Fox News for airing a mock trial of Hunter Biden on the streaming platform Fox Nation in 2022, which focused on unproven bribery allegations. It demands the immediate removal of the series from all streaming platforms.
The attorneys claim that the publication of these images violated laws against nonconsensual disclosure of sexually explicit images and videos, often referred to as &#8216;revenge porn&#8217; laws.
The letter also calls out Fox News for publishing articles on the bribery allegations, citing an FBI informant who was recently indicted for allegedly lying to investigators about Hunter Biden and the bribery plot.
The letter demands Fox News issue editor's notes to online articles &#8220;informing readers of the indictment&#8221; and have several prominent Fox News hosts inform their viewers on air that they have been sharing a debunked allegation from a source who has been federally indicted.
Read Next: <a href="https://www.benzinga.com/news/24/04/38477150/biden-vs-trump-contest-could-be-lost-cause-for-one-candidate-if-history-were-anything-to-go-by-accor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Vs. Trump Contest Could Be Lost Cause For One Candidate If History Were Anything To Go By, According To Pollster</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

FOXA

Hunter Biden Demands Fox News To Remove Explicit Images, Alleges Defamation, Violation Of 'Revenge Porn' Laws: Report

In a recent development, Jill Stein, the Green Party presidential candidate, has alleged that she was assaulted by police during a pro-Palestinian protest at Washington University in St. Louis.
What Happened: Stein claimed that the police used their bicycles as weapons to push back the protesters, including herself, during the demonstration on Sunday. The protest led to the arrest of over 80 people, including Stein, who allegedly &#8220;refused to leave after being asked multiple times,&#8221; according to a statement from Washington University in St. Louis, <a href="https://thehill.com/blogs/blog-briefing-room/news/4630683-jill-stein-accuses-police-assaulting-washington-university-st-louis-pro-palestinian-protest/">reported</a> The Hill.
In a post on X, formerly Twitter, Stein said she was &#8220;violently assaulted and arrested&#8221; along with nearly 100 other people whoo were &#8220;peacefully protesting genocide.&#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">We were violently assaulted and arrested with ~100 others peacefully protesting genocide at Washington University in St. Louis. Many US police departments &#8211; including St. Louis&#39; &#8211; are being trained by Israel to use military occupation-style tactics against their own communities. <a href="https://t.co/1zGf2R1nW2">pic.twitter.com/1zGf2R1nW2</a>
&mdash; Dr. Jill Stein&#x1f33b; (@DrJillStein) <a href="https://twitter.com/DrJillStein/status/1785057050327658537?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Stein stated that one officer lifted her foot, causing her to fall backward. She was subsequently charged with assaulting an officer and reported having &#8220;really sore&#8221; ribs. She also mentioned the possibility of needing an emergency room visit to check for a potential rib fracture.
These protests, demanding a cease-fire in the Israel-Hamas war, have led to the arrest of hundreds of student and faculty demonstrators across the nation. Stein&#8217;s campaign released a video of her being escorted off campus by police. She, her campaign manager, and deputy campaign manager were released from the St. Louis County Jail early Sunday morning.
According to Washington University, the protesters arrived on campus intending to cause a &#8220;significant disruption.&#8221; They allegedly violated university policy by setting up a camp, leading officials to ask them to leave.
Stein expressed &#8220;enormous solidarity&#8221; with the student protesters, stating that they are &#8220;risking everything&#8221; to demand a moral response to the ongoing conflict.
See Also: <a href="https://www.benzinga.com/news/24/04/38478689/amid-latest-indictments-former-trump-aide-slams-ex-president-over-treatment-of-bodies-around-him-he?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of &#8216;Bodies Around Him&#8217;: &#8216;He Takes Out Everybody Who Is Loyal To Him&#8217;</a>
Why It Matters: These protests are part of a larger <a href="https://www.benzinga.com/news/24/04/38446778/students-demand-universities-sell-off-israel-related-stocks-hundreds-arrested-in-nationwide-protests">wave of demonstrations</a> on college campuses nationwide. Hundreds of students have been arrested as they demand their universities divest from stocks in companies benefiting from Israel&#8217;s actions in Gaza and the West Bank.
The White House <a href="https://www.benzinga.com/news/24/04/38449517/white-house-declines-mike-johnsons-request-for-national-guard-deployment-amid-college-protests-over">recently declined a request</a> from Republican Speaker Mike Johnson (R-La.) to deploy the National Guard on college campuses witnessing these protests. The power to deploy the National Guard, it clarified, lies with state governors, not the president.
Photo Courtesy Matt A.J. Through Wikimedia Commons
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38476449/voters-reveal-whether-they-feel-donald-trump-is-receiving-fair-treatment-in-court-in-latest-poll?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Voters Reveal Whether They Feel Donald Trump Is Receiving Fair Treatment In Court In Latest Poll — What That Means For Former President&#8217;s Election Chances</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Presidential Candidate Jill Stein Accuses Police Of Using Bicycles As Weapons At University Protest: 'We Were Violently Assaulted And Arrested'

The political rivalry between former President Donald Trump and third-party candidate Robert F. Kennedy Jr. is heating up as recent polls indicate a closer race than expected.
What Happened: The feud between Trump and Kennedy is intensifying. Kennedy&#8217;s third-party candidacy is now perceived as a significant threat to both Trump and incumbent President Joe Biden, <a href="https://thehill.com/homenews/campaign/4630224-trump-rfk-jr-feud-heats-up-as-polls-tighten/">reported</a> The Hill.
Trump recently used his Truth Social platform to label Kennedy as a &#8220;Plant&#8221; for the Democrats, intended to aid Biden&#8217;s re-election. He further stated that a vote for Kennedy would be a &#8220;WASTED PROTEST VOTE.&#8221;
Kennedy countered Trump&#8217;s social media onslaught, describing it as a &#8220;barely coherent barrage of wild and inaccurate claims.&#8221;
Contrary to initial beliefs that Kennedy&#8217;s candidacy would pose more risks to the Democrats, recent polling data from Decision Desk HQ paints a more complex picture. The gap between Trump and Biden is narrowing, resulting in a three-way race.
See Also: <a href="https://www.benzinga.com/news/24/04/38478689/amid-latest-indictments-former-trump-aide-slams-ex-president-over-treatment-of-bodies-around-him-he?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of &#8216;Bodies Around Him&#8217;: &#8216;He Takes Out Everybody Who Is Loyal To Him&#8217;</a>
Why It Matters: Trump&#8217;s attack on Kennedy last week suggests <a href="https://www.benzinga.com/news/24/04/38479193/donald-trump-goes-off-on-one-candidate-for-stealing-potential-votes-away-from-him-in-tight-race-agai">growing concerns within his camp</a> about Kennedy&#8217;s influence. Meanwhile, the latest NBC News poll indicates that Kennedy could <a href="https://www.benzinga.com/news/24/04/38349825/trumps-voters-enamored-with-robert-kennedy-jr-not-bidens-shows-latest-poll">potentially draw</a> more votes away from Trump than Biden.
Interestingly, the poll shows that a larger portion of Trump voters are switching their support to Kennedy, compared to those who initially chose Biden. This shift in voter preference could significantly impact the 2024 presidential race.
As the <a href="https://www.benzinga.com/general/sports-betting/24/04/38417836/trump-and-biden-get-ready-2024-election-betting-odds-point-to-major-showdown">2024 election betting odds</a> heat up, both Democrats and Republicans are vying to define Kennedy&#8217;s political persona, acknowledging his potential influence on the race&#8217;s outcome.
Photo via Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38477167/trumps-niece-says-ex-president-could-face-criminal-charges-over-his-pacs-sketchy-transactions-donald?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">TTrump&#8217;s Niece Says Ex-President Could Face Criminal Charges Over His PACs&#8217; Sketchy Transactions: &#8216;Donald&#8217;s Legal Quagmire Deepens&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Trump-Kennedy Jr. Feud Escalates As Polls Indicate Gap Between Democract, GOP Candidates Narrowing

Travel insurance might seem like just another checkbox while booking your trip, but it&#8217;s a vital safeguard against accidents and unexpected events for the smart traveller. Whether for booking flights, trains, or even those exciting hobby activities at your destination, travel insurance shields you and your family from unforeseen losses that can throw a wrench in your plans.
Most countries even require international travel insurance as part of their visa process. But beyond legal requirements, securing insurance offers peace of mind, particularly for extended trips, early bookings, or family vacations.
Let&#8217;s dive into the common pitfalls you should sidestep when choosing your travel insurance policy.
<h3 class="wp-block-heading">Opting for the Cheapest Policy</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2-1024x576.jpg" alt="Many travelers opt for the most affordable travel insurance, hoping to save money. Image credit: Unsplash/ 
Bambi Corro" class="wp-image-313022" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2-1024x576.jpg 1024w, <a href="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2-300x169.jpg" title="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2-300x169.jpg">https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2-300x169.jpg</a> 300w, <a href="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2-768x432.jpg" title="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2-768x432.jpg">https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2-768x432.jpg</a> 768w, <a href="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2.jpg" title="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2.jpg">https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075525/travel-insurance-2.jpg</a> 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Many travellers opt for the most affordable travel insurance, hoping to save money. Image credit: Unsplash/ Bambi Corro</figcaption></figure>
A common trap is snapping up the cheapest travel insurance available. Though it might save you a few bucks initially, such plans usually provide minimal coverage and come with high deductibles. In an emergency, this could lead to significant out-of-pocket expenses. Always opt for a policy that provides extensive coverage at a fair price.
<h3 class="wp-block-heading">Hiding Pre-Existing Medical Conditions</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075857/health-insurance-1024x576.jpg" alt="To ensure your travel insurance is valid, disclose any pre-existing medical conditions when applying. Image credit: Unsplash/ Stephen Andrews" class="wp-image-313030" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075857/health-insurance-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075857/health-insurance-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075857/health-insurance-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29075857/health-insurance.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">To ensure your travel insurance is valid, disclose any pre-existing medical conditions when applying. Image credit: Unsplash/ Stephen Andrews</figcaption></figure>
When buying travel insurance, disclose any pre-existing medical conditions you have. Concealing your health history can void your policy, leaving you vulnerable during a medical crisis. Always be upfront and ensure the policy you choose accommodates your health needs.
<h3 class="wp-block-heading">Ignoring Specific Coverage for Your Destination</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="575" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080046/travel-insurance-3-1024x575.jpg" alt="Before purchasing travel insurance, verify that your policy extends coverage to your destination. Image credit: Shutterstock/ PHOTOCREO Michal Bednarek" class="wp-image-313031" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080046/travel-insurance-3-1024x575.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080046/travel-insurance-3-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080046/travel-insurance-3-768x431.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080046/travel-insurance-3.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Before purchasing travel insurance, verify that your policy extends coverage to your destination. Image credit: Shutterstock/ PHOTOCREO Michal Bednarek</figcaption></figure>
Always verify that your insurance covers your particular destination. Some policies exclude certain countries or regions. To avoid surprises, confirm your coverage scope with your insurer, ensuring it matches your itinerary.
<h3 class="wp-block-heading">Overlooking Optional Add-Ons</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080359/travel-insurance-4-1024x576.jpg" alt="Travel insurance policies often offer additional coverage for high-value items or adventure sports. Image credit: Unsplash/ GeoJango Maps" class="wp-image-313035" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080359/travel-insurance-4-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080359/travel-insurance-4-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080359/travel-insurance-4-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080359/travel-insurance-4.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Travel insurance policies often offer additional coverage for high-value items or adventure sports. Image credit: Unsplash/ GeoJango Maps</figcaption></figure>
Travel insurance policies often offer extras like high-value item coverage or adventure sports insurance. Before finalizing your purchase, assess whether these additional protections are necessary for your journey. They might raise your premium slightly but could prevent hefty future costs.
<h3 class="wp-block-heading">Assuming Comprehensive Coverage</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080749/travel-insurance-5-1024x576.jpg" alt="Familiarize yourself with the exclusions and limitations of your policy. Image credit: Unsplash/ CardMapr.nl" class="wp-image-313038" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080749/travel-insurance-5-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080749/travel-insurance-5-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080749/travel-insurance-5-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/29080749/travel-insurance-5.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Familiarize yourself with the exclusions and limitations of your policy. Image credit: Unsplash/ CardMapr.nl</figcaption></figure>
Never assume your policy covers all possible scenarios. Travel insurance often excludes high-risk activities like extreme sports. If your vacation plans include potentially dangerous adventures like skiing or bungee jumping, you might need to secure extra coverage. Familiarize yourself with the exclusions and limitations of your policy to avoid unexpected gaps in coverage.

Travel

Looking To Buy Travel Insurance? Avoid These 5 Mistakes That Could Create Financial Nightmares For You

The relationship between Donald Trump and Ron DeSantis was heated at times during the Republican primary season, before the Florida governor dropped out of the 2024 presidential election and threw his support <a href="https://www.benzinga.com/news/24/01/36709808/ron-desantis-ends-presidential-race-backs-donald-trump-ahead-of-new-hampshire-primaries">behind the former president.</a>
DeSantis remains a potential vice president candidate for Trump's 2024 election campaign.
 What Happened: Trump has not selected a vice president to be his running mate for the 2024 election, but public comments from the former president saw DeSantis named as one of <a href="https://www.benzinga.com/news/24/02/37234209/who-will-be-trumps-vp-former-president-hints-at-these-good-solid-names">six potential candidates.</a>
On Sunday, Trump and DeSantis held a meeting in Miami, which marked their first conversation since DeSantis dropped out of the race, according to <a href="https://www.cnn.com/2024/04/28/politics/trump-desantis-miami-meeting/index.html">CNN</a>.
The meeting, which lasted several hours, was arranged by Trump's longtime friend Steve Witkoff according to the report. The meeting was requested by DeSantis <a href="https://www.washingtonpost.com/politics/2024/04/28/trump-desantis-meeting/">according </a>to The Washington Post.
DeSantis previously said he would help fundraise for Trump, which could be the reason for the meeting. Speculation could also grow that DeSantis could be eyeing a role as Trump's candidate for vice president.
The Florida governor <a href="https://www.benzinga.com/news/23/07/33192668/im-not-a-no-2-guy-says-ron-desantis-about-becoming-trumps-2024-running-mate">previously said</a> he did not want to be a vice president as he is "not a number two guy."
News of DeSantis and Trump meeting also comes as another Trump vice president candidate is facing backlash. South Dakota Gov. Kristi Noem<a href="https://www.benzinga.com/news/24/04/38476976/trump-vp-contender-kristi-noem-stirs-controversy-defending-dogs-brutal-killing-on-family-farm-it-had"> faced backlash</a> after a new book revealed that she shot a family dog labeled as untrainable.
The new memoir "No Going Back: The Truth on What's Wrong With Politics and How We Move America Forward" included the decision to put the dog down, which led to backlash from both Republicans and Democrats.
"The fact is, South Dakota law states that dogs who attack and kill livestock can be put down. Given that Cricket had shown aggressive behavior toward people by biting them, I decided what I did," Noem <a href="https://twitter.com/KristiNoem/status/1784631108207849781">said </a>in a tweet discussing the backlash. "Whether running the ranch or in politics, I have never passed on my responsibilities to anyone else to handle. Even if it's hard and painful."
Related Link: <a href="https://www.benzinga.com/general/politics/24/04/38419834/trump-vs-biden-former-president-dominates-swing-states-but-loses-one-for-first-time-in-new-2024-">Trump Vs. Biden: Former President Dominates Swing States, But Loses One For First Time In New 2024 Election Poll</a>
What's Next: Calling itself the world's largest prediction market, Polymarket offers betting on items in categories such as politics, sports, cryptocurrency, pop culture and more. On Polymarket, users deposit to Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) and can deposit with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
Among the hottest betting markets on <a href="https://polymarket.com/event/republican-vp-nominee/will-a-trump-family-member-win-the-2024-republican-vp-nomination">Polymarket </a>is one asking users to predict who will be the Republican vice president pick of Trump. Over $17 million has been bet on the market, which is up significantly from the $212,000 in wagers on the market when Benzinga <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36749394/trump-vice-president-pick-crypto-bettors-backing-haley-ramaswamy-desantis-and-this-potenti">reported in January </a>on the subject.
The platform, which cashes out winning wagers at $1 offers several selections for Trump's potential vice president pick.
Here are the current top candidates and their implied betting odds, with odds from January in parentheses where applicable.
Tim Scott: 22% (12%)
Elise Stefanik: 8% (26%)
JD Vance: 6% (N/A)
Nikki Haley: 5% (11%)
Ben Carson: 5% (10%)
Marco Rubio: 5% (N/A)
Kristi Noem: 4% (19%)
Ron DeSantis: 3% (4%)
Vivek Ramaswamy: 2% (12%)
The latest betting odds showed Scott was the favorite to be named vice president. The senator was on the <a href="https://www.benzinga.com/news/24/02/37234209/who-will-be-trumps-vp-former-president-hints-at-these-good-solid-names">shortlist named by Trump</a> in February along with DeSantis, Tulsi Gabbard, Ramaswamy, Bryon Donalds and Noem.
Stefanik and Noem were among the most bet on options for months, but both have dropped down the odds chart.
There are several other candidates listed with a 2% chance and also the options for "Other Man" and "Other Woman," which have odds of 13% and 12%, respectively. This could suggest that some are betting Trump will pick someone he has not previously put on a shortlist or has not gotten a ton of attention from the public yet.
Read Next: <a href="https://www.benzinga.com/general/politics/24/02/36961909/exclusive-voters-want-a-biden-haley-ticket-vs-biden-harris-1-presidential-pair-is-likely-to-win-">EXCLUSIVE: Voters Want A Biden-Haley Ticket Vs. Biden-Harris: 1 Presidential Pair Is Likely To Win 2024 Election</a>
Photo: Shutterstock

$MATIC

$USDC

MATIC

Trump Meets With DeSantis, Noem Stirs Up Controversy: How Will Republican Vice President Betting Odds Be Impacted?

<a href="https://www.wsj.com/business/media/nbc-prepares-roughly-2-5-billion-a-year-offer-to-steal-nba-rights-away-from-tnt-e6e14eeb?mod=latest_headlines">https://www.wsj.com/business/media/nbc-prepares-roughly-2-5-billion-a-year-offer-to-steal-nba-rights-away-from-tnt-e6e14eeb?mod=latest_headlines</a>
<a href="https://www.wsj.com/market-data/quotes/CMCSA">Comcast</a>'s NBCUniversal is prepared to pay an average of about $2.5 billion a year to air a package of National Basketball Association games, as rival <a href="https://www.wsj.com/market-data/quotes/WBD">Warner Bros. Discovery</a> makes last-ditch efforts to keep those rights, say people familiar with the situation.
Warner's TNT is one of the league's oldest TV partners and has paid an average fee of $1.2 billion under its current deal. Warner was unable to reach a new pact with the NBA before an exclusive negotiating window expired last week, which allowed NBC to make a bid.

CMCSA

"NBC Prepares Roughly $2.5B A Year Offer To Steal NBA Rights Away From TNT; League Is In Advanced Stages Of A New Round Of Media-Rights Deals; Disney's Payments Would Increase Under Proposed Deal" - WSJ

- Publication highlights administration of setmelanotide therapy resulted in a mean percent reduction in BMI of 15% at 16 weeks and 26% at one year of treatment - &nbsp;
- Topline data from ongoing pivotal Phase 3 clinical trial in hypothalamic obesity on track for 2Q 2025 -
BOSTON, April 29, 2024 (GLOBE NEWSWIRE) -- Rhythm Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYTM#NASDAQ">RYTM</a>), a global commercial-stage biopharmaceutical company focused on transforming the lives of patients and their families living with rare neuroendocrine diseases, today announced the publication of previously disclosed results from its Phase 2 study of setmelanotide for the treatment of hypothalamic obesity. The data are published in the peer-reviewed journal <a href="https://www.globenewswire.com/Tracker?data=LOTYrG0-b2uRO2Ow4ozZz-WqjIt97P7lhr7DKV4czewf45SX2K71fLIWjHf3wZ0MBAb2gUUbaZCG8-oddnDJ9_eSBSYvEe64ucLC8WceKigi15YqG2-_sRJXSn4eKJ8uMu-pL83DxgvMwkuWvX-i0NwyGUIrohxgWXuSuucav14evo_sGUdvDmqb19hu_U6lp4qQebYD0nehsFmQYOpWbQ==">The Lancet Diabetes &amp; Endocrinology</a>.
"People with hypothalamic obesity experience rapid, severe weight gain and hyperphagia," said lead author Christian Roth, M.D., Seattle Children's Research Institute and Division of Endocrinology, Department of Pediatrics, University of Washington. "In this first study to investigate the use of setmelanotide as a targeted treatment for hypothalamic obesity, we observed a consistent reduction in body weight and hunger in all adherent patients. We believe these findings support setmelanotide as a potential novel and effective treatment option, and we look forward to potentially confirming the results in the ongoing pivotal study."
Acquired hypothalamic obesity is a rare form of extreme obesity that occurs following damage to the hypothalamic region of the brain, which includes the melanocortin-4 receptor (MC4R) pathway and is responsible for controlling physiological functions such as hunger and weight regulation. It most frequently follows the growth or surgical removal of craniopharyngioma, astrocytoma, or other rare brain tumors. Patients experience rapid weight gain, a reduction in energy expenditure, and an increase in hunger leading to severe obesity within six to 12 months following tumor resection.
Rhythm enrolled 18 patients in its open-label, 16-week Phase 2 trial designed to evaluate setmelanotide in acquired hypothalamic obesity in patients with a body mass index (BMI) ≥95th percentile (children 6 to &lt;18 years) or ≥35 kg/m2 (adults ≥18 years). The primary endpoint was the proportion of patients who achieved a 5% or greater reduction in BMI after 16 weeks of treatment. Hunger was also assessed daily, as self-reported by individual patients. As previously disclosed, results demonstrated:
<ul>
<li>89% (16 of 18) of patients achieved the primary endpoint;</li>
<li>78% (14 of 18) of patients achieved a 10% or greater reduction in BMI at 16 weeks;</li>
<li>Mean percent reduction in BMI was 15% from baseline;</li>
<li>In pediatric patients (n=13), the mean (standard deviation [SD]) BMI Z score at Week 16 was 2.7 (1.3), a reduction of 1.3 (1.0) points from baseline; and</li>
<li>Mean (SD) most hunger score at baseline was 6.6 (1.6), compared with 3.7 (2.5) at Week 16, for a reduction of –2.9 (2.3) points or 45% for patients ≥12 years of age (n=11). &nbsp;</li>
</ul>
The publication also includes preliminary data from Rhythm's long-term extension of the Phase 2 study that were disclosed at ObesityWeek&#xAE; 2023. These data show patients with hypothalamic obesity (n=12) achieved mean BMI reduction of approximately 26% at one year on setmelanotide treatment.
Consistent with prior experience, setmelanotide was generally well tolerated. The most common adverse events (AEs) in the primary trial included nausea (61.1%), vomiting (33.3%), skin hyperpigmentation (33.3%), diarrhea (22.2%), and COVID-19 (22.2%). Two patients discontinued due to AEs and a third patient was non-compliant. There were no serious AEs, no AEs that led to study discontinuation during the trial, and no new safety concerns were observed during the long-term extension trial.
In January 2024, Rhythm announced the completion of screening for enrollment in the ongoing pivotal, Phase 3 clinical trial evaluating setmelanotide in patients with acquired hypothalamic obesity. The Company remains on track to obtain topline study results in the first half of 2025.

Biotech

RYTM

Rhythm Pharmaceuticals Announces Publication Of Results From Phase 2 Study Of Setmelanotide For The Treatment Of Hypothalamic Obesity In The Lancet Diabetes & Endocrinology

Five Star (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSBC#NASDAQ">FSBC</a>) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.53 by 16.98 percent. This is a 19.48 percent decrease over earnings of $0.77 per share from the same period last year.

FSBC

Five Star Q1 EPS $0.62 Beats $0.53 Estimate

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on China Yongda Automobiles Services (CYYHF – Research Report...

Analysts Offer Insights on Consumer Cyclical Companies: China Yongda Automobiles Services (OtherCYYHF) and Sands China (OtherSCHYF)

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on ANTA Sports Products (ANPDF – Research Repo...

Analysts Offer Insights on Consumer Cyclical Companies: ANTA Sports Products (OtherANPDF), China Yongda Automobiles Services (OtherCYYHF) and Adidas (OtherADDYY)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Latest News for China Yongda Automobiles Stock (OTC:CYYHF)

Tuesday, March 24, 2020