First Trust Limited Duration Investment Grade Corporate ETF (ARCA: FSIG)

First Trust Limited Duration Investment Grade Corporate ETF (ARCA:FSIG), Trade Ideas

First Trust Limited Duration Investment Grade Corporate ETF

Elon Musk&#8216;s Neuralink has registered a study for its brain implant with the U.S. government. The company is looking to enroll three patients for the trial, which is expected to span several years.
What Happened: Neuralink, the brain-chip company founded by Musk, is seeking to evaluate its device in a clinical trial. The study, which is anticipated to conclude in 2031, aims to test the implant&#8217;s potential to enable paralyzed patients to operate digital devices using their thoughts, Reuters reported.
The trial will include patients aged 22 to 75 with conditions such as quadriplegia. The study&#8217;s primary completion date is projected to be in 2026.
Neuralink has been under scrutiny for not sharing information about the study, a practice common in the industry. The U.S. Food and Drug Administration, which approved the trial, generally encourages companies to publish study details to build public trust and honor participating patients.
See Also: <a href="https://www.benzinga.com/partner/health-care/24/05/39006472/web-3-0-could-revolutionize-the-future-of-healthcare-heres-how?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Web 3.0 Could Revolutionize The Future Of Healthcare – Here&#8217;s How</a>
Eligible patients for the trial must have limited or no hand, wrist, and arm movement due to spinal cord injury or a neurological disorder called amyotrophic lateral sclerosis.
Why It Matters: This latest development comes on the heels of several significant events for Neuralink. Just a week ago, the company <a href="https://www.benzinga.com/news/24/05/38920514/elon-musks-neuralink-receives-fda-approval-for-second-human-brain-chip-implant-report">received FDA approval for a second human brain chip implant</a>. This approval was a major milestone for the company and a significant step forward in its mission to develop brain-computer interface technology.
Earlier in May, a <a href="https://www.benzinga.com/news/24/05/38955288/neuralink-patient-looks-to-monetize-himself-on-social-media-gets-elon-musks-support-for-streaming-ra">patient with a Neuralink implant sought to monetize himself on social media</a>, receiving support from Musk for his efforts. This incident highlighted the potential for Neuralink&#8217;s technology to empower individuals with disabilities.
Before this, in mid-May, Neuralink <a href="https://www.benzinga.com/news/24/05/38889730/elon-musks-neuralink-seeks-second-participant-for-brain-implant-trial-says-it-allows-you-to-control">sought a second participant for its brain implant trial</a>, touting the device&#8217;s ability to control phones and computers through thought. This move underscored the company&#8217;s commitment to advancing its technology and expanding its user base.
In early May, Musk <a href="https://www.benzinga.com/news/24/05/38720669/elon-musk-touts-successful-100-days-of-first-neuralink-implant-even-as-company-admits-malfunction-th">celebrated the successful 100 days of the first Neuralink implant</a>, despite the company admitting a malfunction. This incident demonstrated the challenges and potential setbacks in developing cutting-edge medical technology.
Read Next: <a href="https://www.benzinga.com/news/24/05/39026748/chinese-scientists-achieve-worlds-first-diabetes-cure-using-cell-therapy-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chinese Scientists Achieve World&#8217;s First Diabetes Cure Using Cell Therapy: Report</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

News

Health Care

Global

Tech

Elon Musk's Neuralink Initiates Brain Implant Study, Aims To Enroll 3 Patients For Revolutionary Digital Control

Former&nbsp;OpenAI&nbsp;board member, Helen Toner, has disclosed that the board was kept in the dark about <a href="https://www.benzinga.com/news/23/12/36061755/happy-birthday-chatgpt-a-year-in-review-of-ais-game-changing-conversationalist">the launch of the company&#8217;s chatbot</a>, ChatGPT, in November 2022. The board members only discovered the launch via Twitter, now rebranded as X.
What Happened: In a podcast called The TED AI Show, which was shared on X, formerly Twitter, on Wednesday, Toner was having a conversation with ex-Google staffer and internet personality Bilawal Sidhu. During the conversation, she provided an in-depth account of the events <a href="https://www.benzinga.com/news/23/11/35916508/openai-drama-timeline-all-the-twists-and-turns-starring-sam-altman">leading to the abrupt dismissal</a> of Sam Altman as CEO of the company last year in November.
&#8220;For years Sam had made it really difficult for the board to actually do the job by withholding information, misrepresenting things that were happening at the company, in some cases outright lying to the board.&#8221;
She gave one example of one such instance saying, &#8220;When&nbsp;ChatGPT came out in November&nbsp;2022, the board was not&nbsp;informed in advance about that.&#8221;&nbsp;Adding, &#8220;We learned about ChatGPT on Twitter.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/39024483/apple-analyst-notes-users-are-lavishing-praise-on-sonos-new-449-headphones-for-superior-sound-qualit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Analyst Notes Users Are Lavishing Praise On Sonos&#8217; New $449 Headphones For Superior Sound Quality Over Airpods Max: &#8216;Ace Has a Real Opportunity To Succeed&#8217;</a>
The release of ChatGPT was initially low-key. However, in the subsequent days and weeks, the chatbot&#8217;s proficiency in producing text that closely resembles human speech <a href="https://www.benzinga.com/news/23/02/30908169/chatgpts-100-millionth-user-means-the-age-of-ai-is-here">catapulted it to widespread popularity</a>.
Another example she gave was alleging that Altman failed to disclose his participation in OpenAI&#8217;s startup fund. 
<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">&#x2757;EXCLUSIVE: &quot;We learned about ChatGPT on Twitter.&quot; What REALLY happened at OpenAI? Former board member Helen Toner breaks her silence with shocking new details about Sam Altman&#39;s firing. Hear the exclusive, untold story on The TED AI Show. Here&#39;s just a sneak peek: <a href="https://t.co/7hXHcZTP9e">pic.twitter.com/7hXHcZTP9e</a>
&mdash; Bilawal Sidhu (@bilawalsidhu) <a href="https://twitter.com/bilawalsidhu/status/1795534345345618298?ref_src=twsrc%5Etfw">May 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">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.</figcaption></figure>
In a statement given to the TED podcast, OpenAI&#8217;s present board chief, Bret Taylor, expressed disappointment at Toner&#8217;s revelation. He said that an independent review of&nbsp;Altman&#8217;s dismissal concluded that the&nbsp;decision was not based on&nbsp;concerns about product safety, development pace, finances, or&nbsp;statements to investors, customers, or&nbsp;business partners, <a href="https://www.bloomberg.com/news/articles/2024-05-28/ex-openai-director-says-board-learned-of-chatgpt-launch-on-twitter?srnd=technology-vp">reported</a> Bloomberg. 
&#8220;We are disappointed that Ms. Toner continues to revisit these issues,&#8221; Taylor stated.
OpenAI did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Why It Matters: The reasons behind Altman&#8217;s dismissal have been a subject&nbsp;of intense speculation in Silicon&nbsp;Valley. Initial reports suggested that Altman&#8217;s dismissal stemmed from a <a href="https://www.benzinga.com/news/23/11/35861275/the-reason-behind-sam-altmans-ouster-from-openai-could-be-something-elon-musk-has-been-complaining-a?_gl=1&#x2A;1kis9y5&#x2A;_ga&#x2A;MTYxMTYyNzk0OS4xNzA4NDc2ODY1&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNjk1MTM2NC4zMDEuMS4xNzE2OTUxOTMyLjAuMC4w">&#8220;misalignment&#8221; between profit and nonprofit</a> principles within the company.
Later in November 2023, it was also reported that <a href="https://www.benzinga.com/news/23/11/35912540/sam-altman-tried-to-push-out-another-board-member-before-losing-and-getting-ousted-himself-report">Altman and Toner disagreed on a widely debated</a> topic in the AI industry: the balance between prioritizing safety and accelerating development. At the heart of this disagreement was a research paper authored by Toner, in which she scrutinized OpenAI&#8217;s strategy regarding AI safety while commending rival Anthropic. 
Meanwhile, on Monday, Toner and Tasha McCauley called for measures to <a href="https://www.benzinga.com/news/24/05/39026901/former-openai-board-members-call-for-stricter-ai-regulation-to-tame-market-forces-for-humanitys-sake">&#8220;tame market forces&#8221;</a> for humanity&#8217;s sake.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/05/39023493/late-entrant-apple-can-turn-into-the-biggest-ai-player-overnight-says-mark-gurman-heres-how-cupe?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Late-Entrant Apple Can Turn Into The Biggest AI Player Overnight, Says Mark Gurman — Here&#8217;s How Cupertino Can Emerge On Top</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

OpenAI Board Wasn't Informed Of ChatGPT Launch, Alleges Ex-Director Helen Toner: 'We Just Couldn't Believe Things That Sam Was Telling Us'

Renowned economist Peter Schiff has warned about the potential for a major financial crisis due to &#8220;run-away inflation&#8221; and a weakening U.S. dollar. Schiff also predicts a significant surge in gold prices.
What Happened: Schiff took to social media platform X to voice his concerns, stating that Wall Street is in for a shock as inflation accelerates. He believes the situation could lead to a more severe financial crisis than the 2008 recession, with Treasury bonds potentially becoming the new subprime mortgages.
&#8220;Wall Street will be totally shocked by just how fast #inflation heats up. It will be an even bigger surprise than was the 2008 Financial Crisis. Worse, run-away inflation will usher in an even larger financial crisis than 2008, as Treasury bonds become the new subprime mortgages,&#8221; Schiff 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">Wall Street will be totally shocked by just how fast <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> heats up. It will be an even bigger surprise than was the 2008 Financial Crisis. Worse, run-away inflation will usher in an even larger financial crisis than 2008, as Treasury bonds become the new subprime mortgages.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1795452750609682531?ref_src=twsrc%5Etfw">May 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Despite a rebound in consumer confidence in May, Schiff is skeptical about its sustainability. He highlights that year-ahead inflation expectations have spiked to 5.4%, the highest since December. Schiff contends that if consumers fully understood the potential for inflation to rise well beyond 5.4%, confidence levels would be much lower.
<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">Consumer confidence rebounded in May, but the &quot;optimism&quot; won&#39;t last long, as year-ahead <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> expectations spiked to 5.4%, the highest since Dec. 2023. Confidence would be much lower if consumers actually realized just how much higher than 5.4% inflation is likely to rise.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1795492818632290754?ref_src=twsrc%5Etfw">May 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He further warned that the dollar&#8217;s strength relative to other fiat currencies has so far shielded U.S. consumers from the full impact of inflation. However, inflation could significantly erode consumers&#8217; purchasing power once the dollar weakens.
&#8220;So far, the strength of the #dollar relative to other fiat currencies has protected U.S. consumers from feeling the full sting of #inflation. But once the dollar rolls over, that protection will be lost and inflation will take a much bigger bite out of consumers&#8217; purchasing power,&#8221; Schiff explained.
<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">So far the strength of the <a href="https://twitter.com/hashtag/dollar?src=hash&amp;ref_src=twsrc%5Etfw">#dollar</a> relative to other fiat currencies has protected U.S. consumers from feeling the full sting of <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a>. But once the dollar rolls over, that protection will be lost and inflation will take a much bigger bite out of consumer&#39;s purchasing power.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1795524364584312877?ref_src=twsrc%5Etfw">May 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Schiff argues that the U.S. dollar&#8217;s breakdown will accompany an explosive breakout in gold prices, shattering the current narrative of a soft landing and falling inflation. He warns that &#8220;most investors are unprepared for this outcome,&#8221; emphasizing the urgency of acting swiftly to avoid being left behind. &#8220;There&#8217;s no rush like a gold rush,&#8221; Schiff noted.
<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">An explosive breakout in <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> will likely accompany a breakdown in the U.S. dollar, as the soft-landing/falling <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> narrative falls apart. Most investors are completely unprepared for this outcome. Time is running out to beat the crowd. There&#39;s no rush like a gold rush!
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1795483057224626520?ref_src=twsrc%5Etfw">May 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39025870/heres-how-much-maga-coin-has-jumped-since-the-ex-president-said-if-youre-in-favor-of-crypt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much MAGA Coin Has Jumped Since The Ex-President Said, &#8216;If You&#8217;re In Favor Of Crypto, You Better Vote For Trump&#8217;</a>
Why It Matters: Schiff&#8217;s warnings come amid economic uncertainty. Paul Krugman compared the current inflation levels to those <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39032776/paul-krugman-schools-americans-righteously-angry-about-soaring-costs-bidens-price-l">during Reagan&#8217;s presidency</a>, suggesting that the current administration is not doing enough to tackle the issue.
Schiff&#8217;s warnings come at a time when inflation has proven to be more persistent than anticipated. Benzinga reported last week that inflation has <a href="https://www.benzinga.com/markets/forex/24/05/38924191/inflation-proves-to-be-stickier-than-expected-thats-bad-news-for-the-economy-but-great-for-the-us-d">remained stubbornly high</a>, posing significant challenges for the economy. This persistent inflation has been beneficial for the U.S. dollar, but it also raises concerns about long-term economic stability.
Despite these concerns, Mark Cuban has defended the <a href="https://www.benzinga.com/news/24/05/39015615/mark-cuban-defends-bidens-economic-record-blames-trump-for-underperforming-obama-economy-he-inherite">Biden administration&#8217;s economic record</a>, attributing the underperformance to the previous administration&#8217;s policies. Additionally, <a href="https://www.benzinga.com/general/politics/24/05/39046133/americans-finally-start-to-feel-better-about-the-economy-what-it-means-for-trump-biden-president">Americans have started to feel better about the economy</a>, a potential factor in the upcoming presidential election.
Despite his critics, Schiff&#8217;s predictions have been somewhat validated by the recent performance of gold. Schiff <a href="https://www.benzinga.com/news/24/05/38955491/mohamed-el-erian-and-bitcoin-critic-peter-schiff-highlight-golds-soaring-prices-and-market-momentum">highlighted gold&#8217;s soaring prices</a> and market momentum, suggesting that investors &#8220;just sit tight and enjoy the ride.&#8221; Schiff&#8217;s warnings also come in the wake of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38840668/gold-bull-peter-schiff-says-inflation-headed-far-higher-as-powell-refuses-to-acknow">rising inflation rates</a>, which he believes are being underestimated by Federal Reserve Chair Jerome Powell.
Read Next: <a href="https://www.benzinga.com/news/24/05/39015881/jim-cramer-who-once-called-gamestop-arguably-the-worst-company-in-america-says-it-now-has-enough-cas?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer, Who Once Called GameStop &#8216;Arguably The Worst&#8217; Company In America, Says It &#8216;Now Has Enough Cash To Become Something Other Than&#8217; A Meme Stock</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Commodities

Economics

Markets

Analyst Ratings

Once The Dollar Breaks Down, Peter Schiff Warns Of Run-Away Inflation: 'Investors Are Completely Unprepared'

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Moderna Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>). These trades reflect Ark&#8217;s strategic adjustments amidst market movements.
The AMD Trade
Ark bought 7,861 shares of AMD for ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>). The transaction was valued at $1.35 million. On Tuesday, the chipmaker&#8217;s stock closed 3.2% higher at $171.61.
AMD claimed a 33% share in the server CPU market as it readies its next-gen processors and unveils a GPU roadmap. CFO Jean Hu highlighted <a href="https://www.benzinga.com/news/24/05/39037776/amd-grabs-33-of-server-cpu-market-and-prepares-for-major-processor-launch-report">strong growth in servers, CPUs, and GPUs</a>, citing partnerships and transitions to AMD-based infrastructure. Analysts anticipate semiconductor industry optimism despite challenges.
The Palantir Trade
Ark Invest&#8217;s ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) fund acquired 9,773 shares of Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) worth $205,721. This move to buy the shares through ARKX comes after Palantir&#8217;s recent stock performance, which has been under scrutiny. According to a Benzinga report, Palantir has been experiencing fluctuations due to <a href="https://www.benzinga.com/news/earnings/24/05/38737083/whats-going-on-with-palantirs-stock">market conditions and investor sentiment</a>. On Tuesday, Palantir shares closed 0.2% higher at $21.05.
The MRNA Trade
On the same day, Ark Invest&#8217;s ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) funds sold a combined total of 28,670 shares of Moderna. The shares were sold at a closing price of $153.20, amounting to a total value of approximately $4.4 million. The decision to sell comes after Moderna&#8217;s stock <a href="https://www.benzinga.com/news/24/05/39046064/whats-going-on-with-moderna-stock-today">saw a decline</a> of 8.05% on Tuesday. 
This sell-off follows Moderna&#8217;s recent performance, which was highlighted as one of the best-performing large-cap stocks last week as experts predicted a rise in COVID-19 infections in the summer, according to another <a href="https://www.benzinga.com/news/large-cap/24/05/39022913/moderna-was-among-the-best-performing-large-cap-stocks-last-week-may-20-may-26-2024-are-they-in-yo">Benzinga report</a>.
Other Key Trades: 
<ul>
<li>Sold shares of Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) from ARKK</li>
<li>Bought shares of UiPath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) for ARKK and sold stock of Nu Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) from ARKW </li>
<li>Bought shares of Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) for ARKK</li>
</ul>
Read Next: <a href="https://www.benzinga.com/general/education/24/05/39049904/nvidia-now-worth-more-than-tesla-exxon-walmart-costco-netflix-intel-disney-and-pepsi-combined-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Now Worth More Than Tesla, Exxon, Walmart, Costco, Netflix, Intel, Disney And Pepsi Combined: The Rise Of An AI Powerhouse</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

ETFs

ARKG

ARKK

ARKW

ARKX

MRNA

PATH

PLTR

RBLX

Cathie Wood's Ark Invest Scoops Up Shares Of AMD And Palantir — Dumps Moderna Stock Worth $4.4M

Devin Nunes, CEO of Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), the owner of Donald Trump&#8216;s social networking site Truth Social, has formally raised concerns about alleged stock manipulation with the Louisiana Office of Financial Institutions.
What Happened: Nunes, in a <a href="https://www.sec.gov/Archives/edgar/data/1849635/000114036124027730/ny20026576x23_ex99-1.htm">letter</a> addressed to Commissioner P. Scott Jolly, highlighted that TMTG&#8217;s stock has been consistently listed on the Nasdaq Reg SHO Threshold List since Apr. 2. This listing often indicates continuous failures to deliver, hinting at potential illegal &#8220;naked&#8221; short-selling activities.
Over the past 30 trading days, an extraordinary volume of DJT shares traded has been shorts, leading to a significant number of FTDs. SEC data shows that FTDs exceeded 1 million DJT shares on eleven separate trading days between Apr. 9, and Apr. 30, peaking at over 2.3 million FTDs on Apr. 29. 
&#8220;The apparent anomalies surrounding the trading of DJT have become more chronic and alarming to TMTG,&#8221; Nunes said. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39024607/pepe-becomes-only-the-third-memecoin-after-dogecoin-and-shiba-inu-to-reach-7b-market-cap-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Pepe Becomes Only The Third Memecoin After Dogecoin And Shiba Inu To Reach $7B Market Cap, Adds $4B In May Alone</a>
Nunes suggested that these anomalies could indicate potential illegal collusion among various market participants, including prime brokers, clearing brokers, executing brokers, options market makers, hedge funds, custodian banks, and other fiduciaries.
The letter urges Commissioner Jolly to initiate an immediate investigation to determine the extent of any illicit activities, particularly concerning violations of Louisiana Securities Law and the relevant regulations. 
Nunes called for an examination of documents and testimony from several firms that facilitate short sales, including Apex Clearing, Citadel Securities, Clear Street, Cobra Trading, Cowen and Company, Curvature Securities, G1 Execution Services, Jane Street Capital, StoneX Securities, TradePro, Velocity Clearing, and VIRTU Americas.
Why It Matters: The TMTG&#8217;s stock has been under scrutiny for a while now. Despite an aggressive media push, Truth Social, a social media platform owned by TMTG, reportedly experienced a sharp <a href="https://www.benzinga.com/news/24/05/39015824/trumps-truth-social-reportedly-sees-sharp-drop-in-us-user-base-despite-aggressive-media-push-cant-de">drop in its U.S. user base</a> this month. 
Nunes expressed his readiness to assist the investigation in any way possible and mentioned that he has previously communicated similar concerns to Members of Congress and Nasdaq Chair and CEO Adena T. Friedman.
This was followed by a $327.6 million loss in the <a href="https://www.benzinga.com/news/earnings/24/05/38930777/trump-media-technology-group-reports-300m-loss-in-first-earnings-since-going-public-truth-social-pa">first earnings report</a> since the company went public. Trump Media reported $770,500 in revenue for the first quarter, primarily from its "nascent advertising initiative.
Meanwhile, <a href="https://www.benzinga.com/markets/equities/24/05/39024872/trump-victory-more-bearish-for-debt-market-than-a-biden-win-warns-bond-king-bill-gross">market experts have warned that a Trump victory</a> could have a more significant impact on the debt market than a Biden win. 
Price Action: DJT surged to $49.93, marking a nearly 9% increase on Tuesday&#8217;s close. In after-hours trading, however, the stock dipped by 2.10%. Year to date, DJT has soared by an impressive 186.13%, according to the data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39020792/bitcoin-to-hit-1-million-in-next-10-to-18-months-says-crypto-analyst-were-still-so-early-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin To Hit $1 Million In Next 10 To 18 Months, Says Crypto Analyst: &#8216;We&#8217;re Still So Early In The Bitcoin Story&#8217;</a>
Image Via Shutterstock 
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.

Trump Media & Technology Group CEO Raises Concerns Over Stock Manipulation, Requests Probe By Louisiana Regulator: Anomalies Surrounding Trading Have Become 'Chronic And Alarming'

On a day when blue-chip currencies dipped lower, memecoins continued to show strength, led by Shiba Inu and dogwifhat.
What Happened: Solana (CRYTPO: SOL)-based dogwifhat emerged as the market's third-largest gainer, and the best-performing memetoken in the last 24 hours. The coin reached a six-week high and is steadily approaching its March top of $4.73.&nbsp;
WIF clocked $1.4 billion in volume in the last 24 hours, representing a 40% increase.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:10 p.m. EDT)</td>
</tr>
<tr>
<td>dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+12.25%</td>
<td>$3.72</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>+9.78%</td>
<td>$0.00002767</td>
</tr>
<tr>
<td>Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>)</td>
<td>+9.10%</td>
<td>$0.0002907</td>
</tr>
</tbody>
</table>
</figure>
The second-largest memecoin, Shiba Inu, clocked double-digit gains as well, spiking to its highest value since March 10. The trading volume of the Ethereum (CRYTO: ETH)-based dog-themed token jumped 70% in the last 24 hours to $1.64 billion, higher than Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)
The renewed interest in Shiba Inu could be attributed to an upcoming <a href="https://news.shib.io/2024/05/28/shibarium-fuels-excitement-with-upcoming-airdrop-for-active-users/">airdrop </a>as announced by Lucie, Shiba Inu's marketing lead. The airdrop will reward users for participating in the Shibarium ecosystem, with the amount depending on their holdings and activities.&nbsp;
Why It Matters: The uptick in the memecoin space reflects the robust demand, even as large-cap coins like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum edged lower.
In recent weeks, memecoins have <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38955455/pepe-floki-lead-memecoin-rally-with-double-digit-gains-beat-dogecoin-shiba-in-trading-volu">exhibited resilience</a> despite the fluctuations in assets perceived as having higher utility.&nbsp;
The rally boosted the profitability of the holders of these cryptocurrencies, with nearly 62% of SHIB holders being "In the Money,", <a href="https://app.intotheblock.com/?end_offset=50">according </a>to IntoTheBlock. 
Photo by Fernando Cortes on Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39052899/bitcoin-dogecoin-ethereum-slide-over-fears-of-mt-goxs-billion-dollar-transfers-king-crypto">Bitcoin, Dogecoin, Ethereum Slide Over Fears Of Mt. Gox&#8217;s Billion-Dollar Transfers: King Crypto Consolidation Likely Between $60K-$70K, Says Analyst</a>

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

Cryptocurrency

$BTC

$DOGE

$ETH

$FLOKI

$SHIB

$WIF

Shiba Inu, Dogwifhat Post Double-Digit Gains As Memecoins Shrug Off Dips In Bitcoin, Ethereum: What's Going On?

U.S. stocks showed mixed results on Tuesday. The Dow Jones Industrial Average closed the day down 0.55% at 38,852.86, while the S&amp;P 500 edged up 0.02% to 5,306.04. The tech-focused Nasdaq performed better, finishing with a gain of nearly 0.6% at 17,019.88.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia closed the day with a 7.13% increase, with a closing price of $1,140.59. The stock hit an intraday high of $1,149.39 and a low of $1,098.83. The 52-week high and low stand at $1,149.39 and $373.56 respectively. According to a Benzinga article, Nvidia and Arm Holdings are the <a href="https://www.benzinga.com/news/24/05/39042710/nvidia-arm-holdings-emerge-as-analysts-top-picks-for-long-term-growth-potential">top picks</a> for long-term growth potential among analysts.
GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop saw a significant 25.16% increase, closing at $23.78. The intraday high and low were $26.66 and $21.15, with the 52-week high and low being $64.83 and $9.95 respectively. The GameStop rally returned after a share offering. Investors are optimistic about <a href="https://www.benzinga.com/markets/equities/24/05/39043258/gamestop-rally-returns-after-share-offering-how-will-company-use-1-billion-in-proceeds">potential acquisitions and investments</a> hinted at by the company, as it looks to diversify its operations amidst the digital shift in the video game sector.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39022596/ethereum-etf-approved-elon-musk-mourns-kabosus-death-trump-embraces-crypto-donations-and-m?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ethereum ETF Approved, Elon Musk Mourns Kabosu&#8217;s Death, Trump Embraces Crypto Donations And More: Top Cry</a>
Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)
Robinhood&#8217;s stock dipped slightly by 0.20%, closing at $20.47. The stock&#8217;s intraday high and low were $20.99 and $20.05, with the 52-week high and low standing at $21.21 and $7.91 respectively. A Benzinga story highlighted that the company&#8217;s stock jumped on a <a href="https://www.benzinga.com/news/24/05/39047461/robinhood-markets-stock-jumps-on-1b-buyback-whats-going-on">$1B buyback.</a>
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)
Ford&#8217;s stock fell by 3.95%, closing at $11.68. The intraday high and low were $12.13 and $11.66, with the 52-week high and low being $15.42 and $9.63 respectively. According to a <a href="https://www.benzinga.com/news/24/05/39036049/ford-motor-microsoft-and-2-other-stocks-insiders-are-selling">Benzinga article</a>, insiders are selling Ford Motor and other stocks. Ford Motor Company Director Jon M. Huntsman Jr. sold 81,234 shares at an average price of $12.09, netting around $982,200.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock fell by 1.39%, closing at $176.75. The intraday high and low were $178.25 and $173.16, with the 52-week high and low being $299.29 and $138.8 respectively. Weekly <a href="https://www.benzinga.com/markets/equities/24/05/39036624/whats-draining-tesla-stock-premarket-today">insurance registrations</a> for Tesla vehicles saw a 5.8% decline to 13,100 for the week of May 20-26, with 43,900 registrations reported for the month so far in China. This data follows a Reuters report indicating a double-digit percentage cut in output of Tesla&#8217;s Model Y EV at Giga Shanghai since March, reflecting subdued demand
Photo by WHYFRAME on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39026651/altcoins-entering-textbook-markup-as-crypto-analyst-predicts-major-rally?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Altcoins &#8216;Entering Textbook Markup&#8217; As Crypto Analyst Predicts Major Rally</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

HOOD

NVDA

TSLA

Nvidia, GameStop, Robinhood, Ford, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Nobel laureate and economist, Paul Krugman, has voiced his concerns about Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and <a href="https://www.benzinga.com/news/24/05/39025804/elon-musk-shares-hack-to-improve-google-search-quality-its-a-real-problem">other search engines</a>, stating that they are making his work increasingly challenging.
What Happened: On Tuesday, Krugman took to X, formerly Twitter, and expressed his frustration with the degradation of Google and other search engines. &#8220;There has been a lot about the degradation of Google and other search engines. It's real, and making my job difficult,&#8221; he said.
Krugman, who often tracks down reports for his work, finds it increasingly difficult to do so due to the declining quality of search results. He also criticized artificial intelligence, stating it&#8217;s &#8220;worse than useless.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/05/39022416/elon-musk-reacts-to-nvidias-soaring-market-cap-big-short-michael-burrys-ai-picks-and-nvidias-strong?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Nvidia&#8217;s Soaring Market Cap, &#8216;Big Short&#8217; Michael Burry&#8217;s AI Picks And Nvidia&#8217;s Strong Q1: This Week In AI</a>
<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">There has been a lot about the degradation of Google and other search engines. It's real, and making my job difficult. I do a lot of tracking down reports that I heard about or saw in passing, and it's getting ever harder to do that. And AI is worse than useless …
&mdash; Paul Krugman (@paulkrugman) <a href="https://twitter.com/paulkrugman/status/1795463142685691950?ref_src=twsrc%5Etfw">May 28, 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: Krugman&#8217;s criticism comes in the wake of a series of events that have raised questions about the effectiveness of Google&#8217;s search engine and AI. Earlier this month, it was reported that <a href="https://www.benzinga.com/news/24/05/38944025/real-world-data-contradicts-sundar-pichais-claims-of-success-with-googles-ai-search-as-users-seek-to">real-world data contradicted</a> Alphabet CEO Sundar Pichai&#8217;s assertion of success with Google&#8217;s AI search. 
Users were reportedly seeking to disable Google&#8217;s feature due to its ineffectiveness. This came after Google&#8217;s AI Overviews, previously known as Search Generative Experience or SGE, feature <a href="https://www.benzinga.com/news/24/05/38998406/barack-obama-the-first-us-muslim-president-googles-ai-overview-faces-backlash-for-describing-ex-pres">faced backlash for providing</a> unusual and inaccurate responses.
On Monday, Tesla CEO Elon Musk also shared a <a href="https://www.benzinga.com/news/24/05/39025804/elon-musk-shares-hack-to-improve-google-search-quality-its-a-real-problem">hack to improve Google search quality</a>, acknowledging that the degradation of search results is a &#8220;real problem.&#8221;
Check out more of Benzinga'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/24/05/39015789/elon-musk-reveals-tough-problem-battling-russian-jamming-efforts-on-starlink-amid-ukraine-war-spendi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reveals &#8216;Tough Problem&#8217; Battling Russian Jamming Efforts On Starlink Amid Ukraine War: &#8216;Spending Significant Resources&#8217;</a>
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.

GOOG

GOOGL

Economist Paul Krugman Says Degradation Of Google And Other Search Engines Are Making His Job Difficult: 'And AI Is Worse Than Useless'

The cryptocurrency market edged lower on Tuesday as Mt. Gox's Bitcoin transfer worth billions of dollars kept investors largely averse.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.34%</td>
<td>$68,346.62</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>-0.98%</td>
<td>$3,844.84</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>-1.69%</td>
<td>$0.1652</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The world's largest digital asset, Bitcoin, slipped below $68,000 during U.S. trading hours before recovering back to the $68,000 zone on Tuesday night EDT.
The hype around Ethereum spot ETFs also fizzled out as the second-largest cryptocurrency fell below $3,900.
On Monday, the defunct exchange <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39032332/mt-goxs-2-9b-bitcoin-transfer-spooks-traders-big-dip-incoming">Mt.Gox transferred Bitcoin worth billions</a> to different wallets for the first time in nearly five years, triggering concerns of a sell-off. However, an official statement by the exchange denied the immediate sale of the coins.
The market drop resulted in the liquidation of $152 million worth of positions in the last 24 hours, with long liquidations accounting for 71% of the total. Ethereum led with $38.55 million in liquidations.
Interestingly, Bitcoin's Open Interest rose 0.19% in the last 24 hours. An increase in Open Interest alongside a price decrease typically indicates that new short positions were opened, a sign of bearish sentiment.
This was backed up by an increase in the number of short positions taken for the asset vis à vis longs in the last few hours.&nbsp;
Top Gainer (24 Hour)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Celestia (TIA)</td>
<td>+15.09%</td>
<td>$11.59</td>
</tr>
<tr>
<td>Chiliz (CHZ)</td>
<td>+11.44%</td>
<td>$0.1519</td>
</tr>
<tr>
<td>dogwifhat (WIF)</td>
<td>+11%</td>
<td>$3.75</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap stands at $2.57 trillion, following a 1.01% dip in the last 24 hours.
Stocks were a mixed bag on Tuesday. The tech-heavy Nasdaq Composite was catalyzed by a jump in shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), ending 0.59% higher to 17,019.88, breaking the 17,000 level for the first time.&nbsp;&nbsp;
The Dow Jones Industrial Average slid 0.55% to end at 38,852.86, while the S&amp;P 500 gained 0.02% to close at 5,306.04.
In an interview with CNBC, Minneapolis Federal Reserve Bank President Neel Kashkari said that "many more months" of positive inflation data were needed to justify a rate cut. He even predicted the possibility of the Fed hiking rates again
This week, investors will pay special attention to the personal income and expenditures report due to be released on Friday.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
.Analyst Notes: Well-known cryptocurrency analyst Rekt Capital noted the formation of a new local top as a result of the recent rally.&nbsp;
&#8220;Ultimately, history suggests Bitcoin is going to likely continue consolidating between ~$60000 &amp; ~$70000," the analyst remarked.
<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/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin is increasingly showing signs that this recent rebound has fed into the formation of another local top (blue square) Ultimately, history suggests Bitcoin is going to likely continue consolidating between ~$60000 &amp; ~$70000<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/gQCeO1j2Go">https://t.co/gQCeO1j2Go</a> <a href="https://t.co/QbV8DigdCA">pic.twitter.com/QbV8DigdCA</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1795452766279655889?ref_src=twsrc%5Etfw">May 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On-chain analytics firm Santiment noted a major shake-up in Bitcoin's supply tier holdings due to Mt.Gox's recent transfers.&nbsp;
However, in an optimistic take, the firm added that the development won't have a "major" impact on prices
<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">&#x1f92f; Large amounts of Bitcoin have been moved by the <a href="https://twitter.com/hashtag/MtGox?src=hash&amp;ref_src=twsrc%5Etfw">#MtGox</a> trustee. The billions of dollars of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> transferred is consolidating wallets, contributing to a net drop of 65 1K-10K BTC wallets, and a net rise of 3 10K-100K BTC wallets. This likely won&#39;t have a major impact on prices. <a href="https://t.co/IGmTKDejtf">pic.twitter.com/IGmTKDejtf</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1795548033762922949?ref_src=twsrc%5Etfw">May 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by SvetlanaParnikova on Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39044228/dogecoin-could-go-to-0-322-if-it-overcomes-this-key-resistance-level-analyst-notes">Dogecoin Could Go To $0.322 If It Overcomes This Key Resistance Level, Analyst Notes</a>

Movers

Trading Ideas

Bitcoin, Dogecoin, Ethereum Slide Over Fears Of Mt. Gox's Billion-Dollar Transfers: King Crypto Consolidation Likely Between $60K-$70K, Says Analyst

Tesla and SpaceX CEO&nbsp;Elon Musk and Meta Platforms Inc.&#8217;s AI chief&nbsp;Yann LeCun&#8217;s <a href="https://www.benzinga.com/news/24/05/39031564/elon-musk-meta-ai-chief-yann-lecun-have-a-public-spat-again-like-his-cars-his-rockets-dislike-his-ve">public spat that re-started on Monday</a>, ignited once again the following day when the tech behemoths clashed over the definition of science.
What Happened: On Tuesday, LeCun responded&nbsp;to a user on X, formerly Twitter, stating,&nbsp;&#8220;Well, if it&#8217;s not published,&nbsp;it&#8217;s definitely not science.&#8221; Musk&nbsp;fired back, saying&nbsp;&#8220;This is one of the&nbsp;dumbest things anyone has ever&nbsp;said.&#8221;
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28211027/Screenshot-2024-05-29-at-6.40.22%E2%80%AFAM-1024x423.png" alt="" class="wp-image-359718" /></figure>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38997483/elon-musk-who-acquired-twitter-for-44b-says-social-media-is-bad-for-kids-theyre-being-programmed-by?itm_source=parsely-api">Elon Musk, Who Acquired Twitter For $44B, Says Social Media Is Bad For Kids: ‘They're Being Programmed By A Dopamine-Maximizing AI'</a>
LeCun further clarified his position, stating that for research to be considered science, it must be correct, reproducible, and sufficiently detailed in a publication. He underscored the significance of peer review and reproducibility, asserting, &#8220;If you do research and&nbsp;don&#8217;t publish, it&#8217;s not Science.&#8221;
He cautioned that without these components, the research methodology could be flawed, and the work would remain unknown and unused. &#8220;No one will ever hear&nbsp;about your work. No one&nbsp;will pick it up and&nbsp;build on top of it.&nbsp;No one will build new&nbsp;technology and products with it.&nbsp;Your work will have been&nbsp;in vain. You&#8217;ll die bitter&nbsp;and forgotten.&#8221;
While LeCun admitted that unpublished research could potentially lead to wealth if developed into a product, he insisted that the researcher would still be &#8220;a bit bitter and largely&nbsp;forgotten.&#8221;
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.
<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">To qualify as Science a piece of research must be correct and reproducible. To be correct and reproducible, it must be described in sufficient details in a publication. To be &#39;published&#39; (to receive a seal of approval) the publication must be checked for correctness by reviewers.…
&mdash; Yann LeCun (@ylecun) <a href="https://twitter.com/ylecun/status/1795589846771147018?ref_src=twsrc%5Etfw">May 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This latest public spat started on Monday after the Tesla CEO invited tech professionals to join his AI startup, xAI. LeCun didn&#8217;t like the idea and replied sarcastically by saying, &#8220;Join xAI if you can stand a boss who: &#8211; claims that what you are working on will be solved next year (no pressure).&#8221;
The pair have been in conflict since at least 2017, often holding differing views on AI. LeCun has previously challenged Musk&#8217;s assertion that AI will likely be smarter than any individual human next year.
Earlier this week, it was also reported that <a href="https://www.benzinga.com/news/24/05/39027735/elon-musks-xai-raises-6b-heres-where-it-stands-against-openai-anthropic-and-other-ai-rivals">Musk-led xAI secured an impressive $6 billion</a> in Series B funding, making it worth $24 billion. xAI&#8217;s only product out so far is a chatbot called Grok, trained with data from X.
Photo via Shutterstock
Check out more of&nbsp;Benzinga&#8217;s&nbsp;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/news/24/05/39015824/trumps-truth-social-reportedly-sees-sharp-drop-in-us-user-base-despite-aggressive-media-push-cant-de?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Truth Social Reportedly Sees Sharp Drop In US User Base Despite Aggressive Media Push: &#8216;Can&#8217;t Demonstrate That You Have A Sizeable, Active, Engaged, Growing Audience&#8230;&#8217;</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Elon Musk Mocks Meta AI Chief After Yann LeCun Defines What Cannot Be Called Science: 'One Of The Dumbest Things Anyone Has Ever Said'

Judge Aileen Cannon has denied a motion to restrict Donald Trump&#8216;s speech in a classified documents case. The motion was criticized for not adequately consulting with the ex-president&#8217;s legal team and was filed by special counsel Jack Smith.
What Happened: Cannon dismissed a motion from Trump&#8217;s lawyers to censure prosecutors over the same issue. Smith&#8217;s team had filed a motion late Friday, seeking Cannon&#8217;s clarification on whether Trump&#8217;s false claims violated his existing release conditions. This came after Trump alleged that the law enforcement had the authority to assassinate him, stating that President Biden and the Justice Department were authorized to &#8220;take me out&#8221; during the document search at Mar-a-Lago, <a href="https://thehill.com/regulation/court-battles/4689299-judge-aileen-cannon-chastises-jack-smith-denies-donald-trump-gag-order-request/">reported</a> The Hill.
Prosecutors, who are required to confer with the opposing party before filing motions, did not do so until 5:30 p.m. ahead of Memorial Day weekend. Cannon criticized the Special Counsel&#8217;s &#8216;conferral&#8217; as lacking in substance and professional courtesy.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39029323/trader-nets-2-7m-in-3-days-with-trump-related-maga-coin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trader Nets $2.7M In 3 Days With Trump-Related MAGA Coin</a>
Trump&#8217;s legal team had responded to the motion by accusing prosecutors of failing to comply with Cannon&#8217;s earlier orders, attaching emails showing squabbling between the two sides. Trump attorney Todd Blanche wrote, &#8220;There are rules. You guys violated them.&#8221;
Cannon&#8217;s order may not be the final word on the issue. She has directed both parties to more directly lay out details on their conferences, avoiding &#8220;editorialized footnotes.&#8221; She also stated that the parties must include &#8220;no more than 200 words verbatim from the opposing side&#8221; describing that process. Failure to comply with these requirements may result in sanctions.
Why It Matters: The criminal trial of Trump regarding classified documents, originally set for May 20, has been <a href="https://www.benzinga.com/general/politics/24/05/38686173/federal-judge-indefinitely-postpones-donald-trumps-classified-documents-trial">postponed indefinitely</a> by Judge Cannon due to unresolved pre-trial issues, including the handling of classified information. The delay has drawn scrutiny, as Cannon was appointed by Trump, and it comes amid a highly charged political climate with concerns about the potential impact of a second Trump term on democracy.
The situation escalated when <a href="https://www.benzinga.com/news/24/05/38954770/more-classified-documents-reportedly-recovered-from-trumps-mar-a-lago-bedroom-judge-expresses-disbel">more classified documents</a> were reportedly recovered from Trump&#8217;s Mar-a-Lago bedroom in May, leading Judge Beryl Howell to express disbelief and stating, &#8220;No excuse is provided.&#8221;
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/05/39023320/trump-vs-biden-young-voters-are-leaning-toward-one-candidate-more-than-other-citing-concerns-over-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Young Voters Are Leaning Toward One Candidate More Than Other, Citing Concerns Over Israel-Hamas War And More</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Motion To Silence Trump Denied By Judge Aileen Cannon In Classified Document Case, Ex-President's Lawyer: 'There Are Rules'

Sen. Marco Rubio (R-Fla.) is making a play to become the vice-presidential nominee alongside former President Donald Trump. This quiet approach starkly contrasts with the strategies of other potential running mates.
What Happened: Rubio has refrained from overtly supporting Trump, unlike other Republicans. His understated strategy is based on past experiences and practicality. Trump is known to dislike anyone stealing his spotlight, and Rubio&#8217;s past public clashes with Trump during the 2016 Republican nomination race were unsuccessful, <a href="https://www.nytimes.com/2024/05/28/us/politics/marco-rubio-trump-vp.html">reported</a> The New York Times.
Despite their previous rivalry, Rubio&#8217;s behind-the-scenes maneuvers have placed him as a top contender for the vice-presidential nomination. His Cuban heritage could potentially boost Trump&#8217;s appeal to Hispanic voters. Furthermore, Rubio&#8217;s political maturity and his strong relationship with Trump campaign senior adviser, Susie Wiles, make him a low-risk candidate who could prevent unwanted distractions for the campaign.
However, Trump has privately expressed bewilderment over Rubio&#8217;s subdued campaign, questioning his enthusiasm for the vice-presidential role. Rubio&#8217;s task is to show his eagerness for the position without appearing too ambitious.
There are also concerns about the potential constitutional issue of having <a href="https://www.benzinga.com/news/24/03/37861954/trump-reportedly-eyes-marco-rubio-for-vp-in-2024-presidential-bid-but-there-is-a-hiccup-called-the-c">two residents from the same state</a> on a presidential ticket. Trump has stated that Rubio would need to change his residency, a move that Rubio has indicated would not be a problem.
Despite these uncertainties, Trump has publicly praised Rubio, stating at a recent donor event that Rubio&#8217;s &#8220;name is coming up a lot&#8221; and that &#8220;people love Marco.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/05/39023320/trump-vs-biden-young-voters-are-leaning-toward-one-candidate-more-than-other-citing-concerns-over-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Young Voters Are Leaning Toward One Candidate More Than Other, Citing Concerns Over Isra</a>
Why It Matters: Despite Rubio&#8217;s statement in March that he had <a href="https://www.benzinga.com/news/24/03/37884594/marco-rubio-as-vice-president-florida-senator-says-ive-never-spoken-to-anybody-in-the-trump-world-ab">&#8220;never spoken to anybody in the Trump world&#8221;</a> about the VP role, his actions suggest otherwise. His low-key approach and efforts to avoid public sparring with Trump indicate a strategic play for the VP nomination.
Earlier the potential Trump Vice Presidential candidate had said, &#8220;I think anybody who would be offered that should be honored, but I&#8217;ve never spoken to anybody in the Trump world about it.&#8221;
While Rubio is a leading contender, other potential running mates, such as Doug Burgum, who had <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38739470/trumps-next-vice-president-doug-burgum-could-go-from-1-republican-voter-support-to-white-h">1% Republican voter support</a> in May 2024, are also in the mix. The final decision remains to be seen.
Photo via Shuterstock
Read Next: <a href="https://www.benzinga.com/news/24/05/39031473/trump-faces-upwards-of-80-percent-chance-of-conviction-in-hush-money-case-says-legal-expert-defense?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Faces &#8216;Upwards Of 80 Percent&#8217; Chance Of Conviction In Hush Money Case, Says Legal Expert — Defense Looking For &#8216;One Angry Juror&#8217;</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Marco Rubio's Stealthy Pursuit Of VP Nomination Alongside Trump Bewilders Ex-President: Report

In the face of former President Donald Trump&#8217;s potential conviction in his New York criminal case, the Joe Biden campaign and its allies have reportedly chosen to stay their course.
What Happened: Despite the unique scenario of a major political figure running for president post-conviction, the Biden campaign is determined to keep its focus on key issues like abortion rights and democracy. The campaign is of the opinion that a guilty verdict for Trump would not significantly alter the trajectory of the presidential race, <a href="https://www.nytimes.com/2024/05/28/us/politics/trump-convicted-biden.html">reported</a> The New York Times.
This stance, however, has sparked controversy among Democrats, with many arguing that the Biden campaign should use Trump&#8217;s potential conviction to highlight his criminal status to voters.
On Tuesday, the Biden campaign organized a news conference outside the Manhattan courthouse where Trump&#8217;s trial is being held. The event featured actor Robert De Niro and two former U.S. Capitol Police officers. De Niro <a href="https://www.benzinga.com/general/entertainment/24/05/39050714/robert-de-niro-speaks-outside-trump-trial-clashes-with-protestors-former-president-wants-to">deviated from the campaign&#8217;s script</a>, directly addressing the possibility of a Trump conviction.
"The fact is whether he's acquitted, whether it's hung jury, he is guilty — and we all know it," De Niro said. The Trump campaign accused Biden of staging a political stunt in response.
See Also: <a href="https://www.benzinga.com/news/24/05/39023320/trump-vs-biden-young-voters-are-leaning-toward-one-candidate-more-than-other-citing-concerns-over-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Young Voters Are Leaning Toward One Candidate More Than Other, Citing Concerns Over Isra</a>
If Trump is convicted, the Biden campaign&#8217;s social media team is contemplating branding him as "convicted felon Donald Trump" in its posts. However, the campaign is wary about fueling Trump's baseless claims that Biden orchestrated the criminal case.
"People shouldn't wait for a conviction to play a role in this election, because nothing with Trump has ever followed conventional wisdom," said Jim Messina, a trusted outside adviser for Biden's team.
The Biden campaign is also planning a tour of battleground states to highlight Trump's actions leading up to the Jan. 6 riot, an effort they believe will sway voters more than a guilty verdict in Manhattan.
Why It Matters: Trump faced an &#8220;upwards of 80 percent&#8221; <a href="https://www.benzinga.com/news/24/05/39031473/trump-faces-upwards-of-80-percent-chance-of-conviction-in-hush-money-case-says-legal-expert-defense">chance of conviction</a> in the hush money case, according to a poll. Despite this, the Biden campaign&#8217;s strategy indicates a belief that the election will hinge more on policy issues and Trump&#8217;s actions leading up to the Jan. 6 riot than on his legal troubles.
On Tuesday, De Niro spoke outside the courthouse during the hush money trial, criticizing Trump and warning that a Trump return to the White House would endanger American freedoms. De Niro&#8217;s speech coincided with his involvement in a new advertising campaign for President Joe Biden. Afterward, he clashed with pro-Trump protestors, with Trump sharing a video of the incident on Truth Social, according to a prior report.
Read Next: <a href="https://www.benzinga.com/news/24/05/39023959/trump-makes-appearance-at-coca-cola-600-nascar-race-crowd-chants-youre-our-man?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Makes Appearance At Coca-Cola 600 NASCAR Race, Crowd Chants &#8216;You&#8217;re Our Man&#8217;</a>

Biden Campaign Reportedly Unfazed By Trump's Potential Conviction, Plans To Maintain Election Strategy: 'Conventional Wisdom' Doesn't Apply To Ex-President

Jeff Bezos founded Amazon.com, Inc. in 1994 and today it is the <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36606013/happy-60th-birthday-jeff-bezos-the-billionaire-survived-the-dot-com-bubble-burst-what-if">fifth-largest company globally</a> with a market capitalization of $1.895 trillion. However, did you know Bezos did not always plan to become an entrepreneur? In fact, he was studying to become a theoretical physicist.
What Happened: In 2018, during a conversation with the Economic Club president David M. Rubenstein, Bezos spoke about his time at Princeton University. He said, &#8220;Because I wanted to be a theoretical physicist and so I went to Princeton and I was a really good student.&#8221;
In his junior year, he was taking multiple classes like quantum mechanics, computer science, and electrical engineering, <a href="https://www.benzinga.com/markets/cryptocurrency/21/06/21751441/50-facts-and-figures-about-elon-musk-on-his-50th-birthday">and enjoying most of it</a>. However, a partial differential equation floored him.
See Also: <a href="https://www.benzinga.com/news/24/05/38955435/jeff-bezos-reveals-how-customer-feedback-led-to-amazons-sell-everything-strategy-i-wish-you-sold-win">Jeff Bezos Reveals How Customer Feedback Led To Amazon&#8217;s &#8216;Sell Everything&#8217; Strategy: &#8216;I Wish You Sold Windshield Wiper Blades…&#8217;</a>
Bezos said that he was studying with his roommate, but despite investing hours, they couldn't crack the equation. So, they turned to a fellow student, who was the "smartest guy at Princeton."&nbsp;
&#8220;We show him this problem and he looks at it he stares at it for a while and he says ‘Cosine.' And I&#8217;m like what do you mean? He&#8217;s like that&#8217;s the answer,&#8221; Bezos said.
The fellow student, who was Sri Lankan, then went on to solve the problem by writing down three pages of detailed algebraic equations, and the answer was Cosine.
Bezos then asked him, &#8220;Did you just do that in your head,&#8221; to which he replied that this was a similar problem he solved three years ago, and was able to &#8220;map&#8221; it the same way.&nbsp;
&#8220;That was an important moment for me. Because that was the very moment when I realized I was never going to be a great theoretical physicist,&#8221; Bezos concluded.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Jeff Bezos, CEO and Founder, Amazon" width="500" height="281" src="https://www.youtube.com/embed/zN1PyNwjHpc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It Matters: Bezos&#8217; decision to pivot from theoretical physics to entrepreneurship has had a profound impact. His creation, Amazon, has grown into a global e-commerce giant.&nbsp;
In Apri, Amazon reported its <a href="https://www.benzinga.com/news/earnings/24/04/38534302/amazon-q1-earnings-highlights-revenue-beat-eps-beat-aws-hits-100-billion-annual-run-rate-and-more">first-quarter earnings with</a> net sales of $143.3 billion, a 13% increase compared to last year. This figure also surpassed the Street&#8217;s consensus estimate of $142.5 billion.
Meanwhile, Bezos, who stepped down as Amazon CEO in 2021, currently ranks second on the Bloomberg Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>, with a total net worth of $205 billion.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36606013/happy-60th-birthday-jeff-bezos-the-billionaire-survived-the-dot-com-bubble-burst-what-if">Happy 60th Birthday Jeff Bezos! The Billionaire Survived The Dot-Com Bubble Burst — What If You Rode That Rollercoaster With A $1000 Amazon Bet?</a>

Jeff Bezos Wanted To Be A Theoretical Physicist But This Was The Moment When The Amazon Founder Decided To Pivot: 'I Realized I Was Never Going To...'

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

Actor Robert De Niro spoke outside of the courthouse during Donald Trump's hush money trial alleging <a href="https://www.benzinga.com/general/politics/24/05/39043449/trump-guilty-or-not-guilty-hush-money-trial-verdict-not-so-simple-5-possible-outcomes">falsified business records Tuesday.</a>
The speech comes as De Niro is being used in a <a href="https://www.benzinga.com/general/entertainment/24/05/39013397/robert-de-niro-narrated-ad-describes-trumps-possible-pursuit-of-revenge-retribution-if-reel">new advertising campaign</a> for the President Joe Biden campaign.
What Happened: De Niro is no stranger to <a href="https://www.benzinga.com/general/entertainment/23/11/35992358/robert-de-niro-censored-over-trump-comments-is-apple-to-blame">speaking out against</a> former President Trump and his words Tuesday echoed his current political sentiment.
"The Twin Towers fell just over here, just over there. This part of the city was like a ghost town, but we vowed we would not allow terrorists to change our way of life," De Niro said, as <a href="https://www.nbcnews.com/politics/donald-trump/live-blog/trump-trial-live-updates-closing-statements-hush-money-case-rcna153996">reported </a>by NBC News.
De Niro spoke alongside two officers who defended the U.S. Capitol on Jan. 6, 2021, during an attack by supporters of the former president.
"I love this city. I don't want to destroy it. Donald Trump wants to destroy not only the city, but the country, and eventually he can destroy the world."
De Niro said that he didn't mean to scare Americans and voters, but their freedoms are on the line in the 2024 presidential election.
"If Trump returns to the White House, you can kiss these freedoms goodbye that we all take for granted. And elections — forget about it. That's over, that's done. If he gets in, I can tell you right now, he will never leave."
After speaking at the courthouse, De Niro clashed with several pro-Trump protestors who called the actor a "wannabe" and "little punk" whose "movies suck," NBC News reported.
"You're not going to intimidate. That's what Trump does. We are going to fight back. We're trying to be gentlemen in this world, the Democrats. You are gangsters."
In the clash with the protestors, De Niro was heard saying "F&#x2A;&#x2A;&#x2A; you" to a protestor. The video was shared by Trump on his Truth Social account Tuesday.
Related Link:&nbsp;<a href="https://www.benzinga.com/general/politics/24/04/38326553/trump-hush-money-trial-has-12-jurors-here-are-the-7-men-5-women-to-decide-former-presidents-fate" target="_blank" rel="noreferrer noopener">Trump Hush Money Trial Has 12 Jurors: Here Are The 7 Men, 5 Women To Decide Former President's Fate</a>
Why It's Important: Trump has had supporters ranging from family members to members of Congress give statements inside and outside the courtroom in support of the former president.
This marked the first time that the Biden campaign targeted the physical location of the trial with reports that the president's team is looking to <a href="https://www.benzinga.com/news/24/05/39022707/joe-biden-expected-to-address-verdict-in-donald-trumps-hush-money-case-from-white-house-report">make a statement</a> after the jury reaches a verdict.
Trump campaign adviser Jason Miller called De Niro a "washed-up actor" in comments outside the courthouse. Miller said De Niro was being used to change the subject away from Biden's "falling" poll numbers ahead of the 2024 election.
Other Trump team members said Biden's campaign and De Niro speaking at the trial support the claim that Trump called the trial a "witch hunt."
Read Next: <a href="https://www.benzinga.com/general/politics/24/05/38996129/trump-vs-biden-2024-presidential-candidates-neck-and-neck-with-1-point-difference-following-inde" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: 2024 Presidential Candidates Neck-And-Neck With 1 Point Difference Following Independent Voters Recent Poll Shift</a>
Photo: Shutterstock

Entertainment

Legal

Robert De Niro Speaks Outside Trump Trial, Clashes With Protestors: Former President Wants To Destroy NYC, US 'And Eventually He Can Destroy The World'

Are you considering slashing your credit card debt? Personal finance guru Suze Orman recommends balance transfers as a clever way to manage high-interest payments. Essentially, you shift your debt to another card offering 0% interest for usually 12 to 15 months, allowing you to focus on repayment without the burden of accruing interest.
Orman supports using balance transfers to cut down the cost of your debt. Despite an initial fee — typically about 3% of the transferred sum — the pause on interest can provide significant relief compared to the usual rates of 16% or higher. Here are five compelling reasons to consider a balance transfer.
<h3 class="wp-block-heading">1. Save Big on Interest</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/2024/05/27023034/credit-card-balance-transfer-1-1024x576.jpeg" alt="A balance transfer card can potentially erase your credit card debt months sooner without paying any interest at all. Image: Dall-E 3" class="wp-image-356687" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023034/credit-card-balance-transfer-1-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023034/credit-card-balance-transfer-1-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023034/credit-card-balance-transfer-1-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023034/credit-card-balance-transfer-1.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A balance transfer card can potentially erase your credit card debt months sooner without paying any interest at all. Image: Dall-E 3</figcaption></figure>
Imagine you owe $7,600 on your credit card, which charges a hefty 27.49% APR. Normally, you&#8217;d shell out $1,848.79 in interest alone over 19 months. Switch that balance to a card with a 0% intro APR offer, and you could wipe out the debt three months earlier without paying any interest. That&#8217;s nearly $100 per month back in your pocket!
<h3 class="wp-block-heading">2. Speed Up Your Debt Repayment</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/2024/05/27023620/credit-card-balance-transfer-2-1024x576.jpeg" alt="Without the burden of interest, every dollar of your payment attacks the principal. Image: Dall-E 3" class="wp-image-356695" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023620/credit-card-balance-transfer-2-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023620/credit-card-balance-transfer-2-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023620/credit-card-balance-transfer-2-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023620/credit-card-balance-transfer-2.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Without the burden of interest, every dollar of your payment attacks the principal. Image: Dall-E 3</figcaption></figure>
Without the burden of interest, every dollar you pay goes straight to reducing your principal. This not only speeds up your debt repayment but also motivates you to possibly increase your monthly payments. Watching your debt disappear faster can be incredibly motivating!
<h3 class="wp-block-heading">3. Simplify Your Debts</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/2024/05/27023715/credit-card-balance-transfer-3-1024x576.jpeg" alt="Balance transfers shine in their ability to consolidate multiple high-interest debts into one. Image: Dall-E 3" class="wp-image-356696" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023715/credit-card-balance-transfer-3-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023715/credit-card-balance-transfer-3-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023715/credit-card-balance-transfer-3-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023715/credit-card-balance-transfer-3.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Balance transfers shine in their ability to consolidate multiple high-interest debts into one. Image: Dall-E 3</figcaption></figure>
Balance transfers can consolidate your debts into one account. This makes it easier to manage your finances and reduces the chance of missing a payment. It's a neat way to replace multiple high-interest card debts with a single, manageable payment.
<h3 class="wp-block-heading">4. Boost Your Credit Score</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/2024/05/27023821/credit-card-balance-transfer-4-1024x576.jpeg" alt="High credit card debt can hurt your credit score, especially if it skews your credit utilization ratio. Image: Dall-E 3" class="wp-image-356699" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023821/credit-card-balance-transfer-4-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023821/credit-card-balance-transfer-4-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023821/credit-card-balance-transfer-4-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023821/credit-card-balance-transfer-4.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">High credit card debt can hurt your credit score, especially if it skews your credit utilization ratio. Image: Dall-E 3</figcaption></figure>
High credit card balances can hurt your credit score, especially if your debt nudges your credit utilization ratio above 30%. Transferring your balance to a card with a higher limit can help you reduce this ratio faster as you pay down your debt, which can improve your credit score over time.
<h3 class="wp-block-heading">5. Enjoy Extra Perks</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/2024/05/27023949/credit-card-balance-transfer-5-1024x576.jpeg" alt="Some balance transfer cards also offer cash signup bonuses. Image: Dall-E 3" class="wp-image-356704" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023949/credit-card-balance-transfer-5-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023949/credit-card-balance-transfer-5-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023949/credit-card-balance-transfer-5-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27023949/credit-card-balance-transfer-5.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Some balance transfer cards also offer cash signup bonuses. Image: Dall-E 3</figcaption></figure>
Some balance transfer cards offer sign-up bonuses that can be tempting. For example, the Capital One SavorOne Cash Rewards Card offers a $200 bonus if you spend $500 in the first three months, on top of 0% APR on purchases and balance transfers for 15 months. Just be wary that chasing bonuses shouldn't distract you from your main goal of eliminating debt.

Education

Suze Orman Swears By Balance Transfers For Credit Card Debt Management: 5 Reasons You Should Like Them Too

The choice between banks and credit unions can be a game-changer for your financial health. While both offer security and essential banking services, credit unions stand out with their member-focused, not-for-profit approach. Dive into the key differences and discover why choosing a credit union might just be the best financial decision you make. 
Here are 5 reasons why opting for a credit union could be a smarter move for your wallet.
<h3 class="wp-block-heading">1. Not-for-Profit Structure</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/2024/05/27103419/credit-union-advantages-over-banks-1-1024x576.jpg" alt="Credit unions return their profits to members through better interest rates and lower fees. Image: Unsplash/ Alexander Grey" class="wp-image-357165" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103419/credit-union-advantages-over-banks-1-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103419/credit-union-advantages-over-banks-1-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103419/credit-union-advantages-over-banks-1-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103419/credit-union-advantages-over-banks-1.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Credit unions return their profits to members through better interest rates and lower fees. Image: Unsplash/ Alexander Grey</figcaption></figure>
Unlike banks, which aim to maximize profits for their investors, credit unions operate on a not-for-profit basis. This fundamental difference means that credit unions return their earnings to members through better rates and lower fees. Many credit unions offer free checking accounts and don&#8217;t demand a minimum balance, making them financially attractive compared to profit-driven banks.
<h3 class="wp-block-heading">2. Member Empowerment</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/2024/05/27103519/credit-union-advantages-over-banks-2-1024x576.jpg" alt="As a credit union member, you're a co-owner with a say in the institution's operations. Image: Unsplash/ Blake Wisz" class="wp-image-357168" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103519/credit-union-advantages-over-banks-2-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103519/credit-union-advantages-over-banks-2-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103519/credit-union-advantages-over-banks-2-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103519/credit-union-advantages-over-banks-2.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">As a credit union member, you&#8217;re a co-owner with a say in the institution's operations. Image: Unsplash/ Blake Wisz</figcaption></figure>
As a credit union member, you&#8217;re not just a customer; you&#8217;re part owner. This ownership allows you to vote in elections for the board of directors and have a real say in the institution&#8217;s strategic decisions. Your voice matters in a credit union because you&#8217;re helping to steer its course, not just storing your money there.
<h3 class="wp-block-heading">3. Community Investment</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/2024/05/27103606/credit-union-advantages-over-banks-3-1024x576.jpg" alt="Credit unions excel in community involvement because they reinvest their profits locally. Image: Unsplash/ Ibrahim Boran" class="wp-image-357169" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103606/credit-union-advantages-over-banks-3-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103606/credit-union-advantages-over-banks-3-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103606/credit-union-advantages-over-banks-3-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103606/credit-union-advantages-over-banks-3.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Credit unions excel in community involvement because they reinvest their profits locally. Image: Unsplash/ Ibrahim Boran</figcaption></figure>
Credit unions invest heavily in local communities rather than paying dividends to distant shareholders. They support various local, regional, and national causes and events, from housing initiatives to hospitals and schools. For example, Solarity Credit Union is deeply involved in supporting the Yakima area and the Pacific Northwest, emphasizing community growth and improvement.
<h3 class="wp-block-heading">4. Greater Flexibility and Support</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/2024/05/27103700/credit-union-advantages-over-banks-4-1024x576.jpg" alt="Credit union staff typically know their members by name, providing tailored advice and support. Image: Shutterstock/ create jobs 51" class="wp-image-357170" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103700/credit-union-advantages-over-banks-4-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103700/credit-union-advantages-over-banks-4-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103700/credit-union-advantages-over-banks-4-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103700/credit-union-advantages-over-banks-4.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Credit union staff typically know their members by name, providing tailored advice and support. Image: Shutterstock/ create jobs 51</figcaption></figure>
Credit unions are known for their accommodating nature, especially when it comes to financial products like loans. They often have lower minimum balance requirements for accounts and are more likely to approve loans, even if your credit isn't perfect. Their goal is to help members achieve financial stability and success.
<h3 class="wp-block-heading">5. Personalized Service</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/2024/05/27103744/credit-union-advantages-over-banks-5-1024x576.jpg" alt="The overall banking experience with credit unions is far more personal than banks. Image: Shutterstock/ Chay_Tee" class="wp-image-357171" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103744/credit-union-advantages-over-banks-5-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103744/credit-union-advantages-over-banks-5-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103744/credit-union-advantages-over-banks-5-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/27103744/credit-union-advantages-over-banks-5.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The overall banking experience with credit unions is far more personal than banks. Image: Shutterstock/ Chay_Tee</figcaption></figure>
The local focus of credit unions means you get more personalized service. Since they&#8217;re smaller and community-based, staff members understand the local economic landscape and are familiar with their members. This intimacy allows for a more personalized banking experience, where staff often know your name and personal story, and can tailor services to better meet your needs.

5 Reasons You Should Choose A Credit Union Over A Bank

Eminem is stirring up anticipation for his upcoming album, &#8220;The Death of Slim Shady,&#8221; slated for <a href="https://www.benzinga.com/topic/business-of-music">release this summer. </a>
Despite no singles being dropped yet, the rollout is underway, marked by attention-grabbing tactics like a faux obituary for Slim Shady placed as an ad in the Detroit Free Press and a trailer featuring 50 Cent.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/04/38472158/exclusive-eminems-manager-paul-rosenberg-shares-his-story-with-multiplatinum-rapper-nobody-">EXCLUSIVE: Eminem&#8217;s Manager Paul Rosenberg Shares His Story With Multiplatinum Rapper — &#8216;Nobody Wanted To Sign Him, I Didn&#8217;t Give Up&#8217; (UPDATED)</a>
Moreover, Jack White&#8216;s recent Instagram post, <a href="https://www.instagram.com/p/C7b_qVcOH7U/?hl=en&amp;img_index=1">published</a> on May 26 featuring Eminem in a PRhyme hoodie, fueled speculation about a potential collaboration. It&#8217;s worth noting both artists were born in Detroit.
The idea isn&#8217;t far-fetched given Eminem&#8217;s history of unexpected collaborations with artists like Ed Sheeran and Rihanna. White&#8217;s affinity for hip-hop and recent collaboration with Q-Tip from A Tribe Called Quest adds weight to the conjecture.
<h1 class="wp-block-heading">What&#8217;s The Release Date Of Eminem&#8217;s Next Album?</h1>
On May 20, Eminem tantalizingly hinted at a release date with a cryptic tweet featuring a vanishing text message, suggesting something significant happening on May 31, 2024. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/aw0KI0kwmy">pic.twitter.com/aw0KI0kwmy</a>
&mdash; Marshall Mathers (@Eminem) <a href="https://twitter.com/Eminem/status/1792719491329335503?ref_src=twsrc%5Etfw">May 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
But, with the album promised for summer and the date falling on a Friday, fans are guessing the date teases at a possible single release.
The announcement of &#8220;The Death of Slim Shady&#8221; came in April during the 2024 NFL Draft in Detroit, through the NFR Podcast. The teaser trailer, featuring 50 Cent, revolves around an investigation into Slim Shady&#8217;s murder, hinting at a narrative concept for the album.
The reporter in the teaser reflects on Slim Shady&#8217;s controversial persona and suggests his demise may have stemmed from his confrontational lyrics and antics.
Meanwhile, 50 Cent added: "He's not a friend, he's a psychopath."
This album serves as a sequel to 2020&#8217;s &#8220;Music to Be Murdered By&#8221; and is anticipated to delve into Eminem&#8217;s intricate lyricism and storytelling prowess, potentially exploring themes of identity, fame and mortality.
<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">THE DEATH OF SLIM SHADY (COUP DE GRÂCE). Summer 2024. <a href="https://t.co/J3F45PQDLx">https://t.co/J3F45PQDLx</a> <a href="https://t.co/tdJ4d4PzV0">pic.twitter.com/tdJ4d4PzV0</a>
&mdash; Marshall Mathers (@Eminem) <a href="https://twitter.com/Eminem/status/1783695820140986429?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h1 class="wp-block-heading">Slim Shady&#8217;s Obituary: What Did It Say?</h1>
On May 13, a fake obituary for his alter-ego Slim Shady was <a href="https://www.freep.com/story/entertainment/music/brian-mccollum/2024/05/15/eminem-slim-shady-obituary-full-text/73702281007/">published </a>in the Detroit Free Press. 
The obituary, titled "Slim Shady Made Lasting Impressions," with the subhead "Fans ‘Will Never Forget' Controversial Rapper," bids farewell to the &#8220;controversial rapper.&#8221; 
The promotional stunt included a photo of Eminem wearing a white Jason Voorhees hockey mask.
Here&#8217;s the full text of the obituary:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">A product of Detroit who began his career there as a rogue splinter in the flourishing underground rap scene of the mid to late 1990's, Shady first became a household name in 1999 with the debut of his playfully deranged single "My Name Is," which — along with its uniquely eye catching video — exposed the young artist and his lyrics to a wider audience. That audience was soon exposed to the extreme darkness of the muse/ rapper, as he led millions of music fans down a road that glorified a demonstrably nihilistic worldview.
Ultimately, the very things that seemed to be the tools he used became calling cards that defined an existence that could only come to a sudden and horrific end. His complex and tortured existence has come to a close, and the legacy he leaves behind is no closer to resolution than the manner in which this character departed the world.
May he truly find the peace in an afterlife that he could not find on Earth.
</blockquote>
Read Next: <a href="https://www.benzinga.com/general/entertainment/23/08/33675151/eminem-accuses-donald-trump-of-brainwashing-his-followers-rapper-says-those-are-the-people-">Eminem Accuses Donald Trump Of &#8216;Brainwashing&#8217; His Followers: Rapper Says Those Are &#8216;The People He Cares About The F&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;&#x2A; Least&#8217;</a>
Photo: Shutterstock.

Eminem's New Album 'The Death of Slim Shady': Potential Single Release Date, Everything We Know So Far

The subprime mortgage crisis <a href="https://www.benzinga.com/general/education/21/12/24382857/this-day-in-market-history-subprime-mortgage-crisis-officially-declared-a-recession">triggered a severe economic recession</a> in 2008, but billionaire hedge fund manager John Paulson made billions in this period. His bet against the U.S. housing market made him $20 billion richer.
Paulson has since been biding his time and waiting for the next collapse to bet on. He has his sights set on the cryptocurrency market, but its sheer volatility has kept Paulson at bay, he revealed during an interview <a href="https://www.bloomberg.com/news/newsletters/2021-09-02/investment-advice-from-john-paulson-where-to-bet-100-000">with</a> Bloomberg in 2021.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062624/Bitcoin-1-1024x585.jpg" alt="" class="wp-image-358146" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062624/Bitcoin-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062624/Bitcoin-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062624/Bitcoin-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062624/Bitcoin-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062624/Bitcoin-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Bitcoin is a no-go for Paulson &#x7C; Image generated using Dall-E</figcaption></figure>
So, with cryptocurrency out of the fray, what would Paulson do if you had $100,000 to bet on? The billionaire investor has a rather simple answer: buy a home.
<h2 class="wp-block-heading">The Best Investment For An Average Individual</h2>
Although Paulson made billions by betting against the housing market, he continues to believe buying a home remains the best investment for an average individual.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062649/House-1024x585.jpg" alt="" class="wp-image-358148" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062649/House-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062649/House-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062649/House-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062649/House-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062649/House.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Paulson still prefers housing &#x7C; Image generated using Dall-E</figcaption></figure>
"I always say the best investment for an average individual is to buy their own home."
Paulson recommends that if you have $100,000, you could put it down towards a $1 million home. Capital appreciation should help you increase the value of your $100,000 investment while you service the $900,000 loan.
"The longer you wait, the more the house is going to appreciate and the greater return you'll have on your equity investment."
<h2 class="wp-block-heading">What About Gold?</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062716/Gold-1024x585.jpg" alt="" class="wp-image-358149" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062716/Gold-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062716/Gold-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062716/Gold-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062716/Gold-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/28062716/Gold.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Gold is another one of Paulson&#8217;s favorites &#x7C; Image generated using Dall-E</figcaption></figure>
Paulson also believes gold is another good avenue for investment. "There's a very limited amount of investable gold. It's on the order of several trillion dollars, while the total amount of financial assets is closer to $200 trillion."
He says gold is the "logical place" to go to when inflation is on the rise. According to the Bureau of Labor Statistics, U.S. consumer price index (CPI) inflation <a href="https://www.benzinga.com/real-estate/24/05/38896356/housing-costs-drive-persistent-inflation-as-april-cpi-reflects-ongoing-pressures">came in at 3.4% for April</a>, higher than the long-term average of 3.28%.
Beyond housing and gold, Paulson's advice for investors is to invest in areas "that you know well" and that luck is not a long-term strategy.
Photo courtesy: Shutterstock

Get The Market's Most Powerful Trading Tools — 50% Off Pro Memorial Day Sale

-

-

-

-

-

-

-

The Market's Most Powerful Trading Tools — 50% OFF Limited Time

-

-

-

-

-

-

-

First Trust Limited Duration Investment Grade Corporate ETF (ARCA:FSIG), Trade Ideas