HBM Holdings (OTC:HBMHF) Stock, Quote.Headers.trade-ideas

HBM Holdings Ltd is a clinical-stage biopharmaceutical company engaged in the discovery and development of differentiated antibody therapeutics in immunology and oncology disease areas. Its products under development are Batoclimab, for the treatment of a wide spectrum of autoimmune diseases; Tanfanercept, for the treatment of moderate-to-severe dry eye disease (DED); HBM4003; HBM9378, to prevent and treat COVID-19, the pandemic respiratory disease caused by the SARS-CoV-2 virus; HBM7008; and others. Its geographical segments are Mainland China, United States, Europe, and others. The majority of the revenue for the firm is generated from the United States.

HBM Holdings Ltd

Amazon.com Inc founder Jeff Bezos and his fiancée, Lauren Sánchez, have a unique way of starting their day. The couple has a strict no-phone rule in the mornings, focusing on quality conversations instead of screens.
What Happened: Sánchez, a former TV show host, shared this insight into their private life, stating that their mornings are reserved for coffee and conversation, with no intrusion from their phones. 
The couple, who got engaged in 2023, have been public about their relationship since 2019, following Bezos&#8217; divorce from philanthropist MacKenzie Scott.
Despite being a tech mogul, Bezos prefers to start his day without digital distractions. He has previously mentioned that he schedules his first meeting at 10 a.m., ensuring he has time to read the newspaper and enjoy his morning coffee. This &#8220;puttering time&#8221; is crucial to him, as he stated in a 2018 speech at the Economic Club of Washington, D.C, <a href="https://fortune.com/2024/09/06/jeff-bezos-lauren-sanchez-no-phones-morning/">reports</a> Fortune.
Also Read:<a href="https://www.benzinga.com/news/24/06/39563534/jeff-bezos-reveals-the-one-secret-to-success-you-can-have-a-job-or-you-can-have-a-career-or"> Jeff Bezos Reveals The One Secret To Success: &#8216;You Can Have A Job, Or You Can Have A Career, Or &#8230;&#8217;</a>
While Sánchez admits she would typically start her day with her phone, she appreciates the unique morning routine. &#8220;He definitely made that rule,&#8221; she said, adding that the mornings are just for them, for as long as possible.
&nbsp;"It wasn't me. But the mornings are just us, for as long as we can," she said. 
Sitting and talking with Bezos in the morning without the interference of screens—at least until they've had their morning cup of joe—makes all the difference, Sánchez added.&nbsp;
"My favorite part of the day is the morning," Sánchez said.&nbsp;
Why It Matters: The revelation of Bezos&#8217;s morning routine offers a glimpse into the private life of one of the world&#8217;s most influential tech leaders. Despite being at the helm of a tech giant, Bezos&#8217;s no-phone rule in the mornings underscores the importance he places on personal interactions and disconnecting from digital distractions. 
This practice aligns with his previously stated belief in the importance of &#8220;puttering time&#8221; for creativity and productivity.
For Sánchez, this routine is a departure from her usual habit of starting the day with her phone. However, she acknowledges the value of this practice, emphasizing that the mornings are reserved just for them. 
This shared routine reflects the couple&#8217;s commitment to maintaining their connection amidst their busy schedules and public lives.
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Jeff Bezos Enforces 'No Phones In The Morning' House Rule, Says Partner Lauren Sánchez: 'The Mornings Are Just Us, For As Long As We Can'

Crypto trader Peter Brandt has alerted the crypto community about a possible bearish trend for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), following his analysis of the <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">cryptocurrency&#8217;s chart pattern</a>.
What Happened: Brandt has said that Bitcoin appears to be forming an inverted expanding triangle pattern on its weekly chart. This pattern, also known as a megaphone, can indicate either a bullish or bearish trend, depending on whether it breaks out above the upper boundary or breaks down below the lower boundary.
In a post on X, Brandt said that if Bitcoin tests the lower boundary of this pattern, its price could experience a drop of about 19% from its current level. 
&#8220;A test of the lower boundary would be to $46,000 or so. A massive thrust into new all-time highs is required to get this bull market back on track,&#8221; he stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is called an inverted expanding triangle or a megaphone. A test of the lower boundary would be to 46,000 or so. A massive thrust into new ATHs is required to get this bull market back on track <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Selling is stronger than buying in this pattern <a href="https://t.co/ekDZUJXXgd">pic.twitter.com/ekDZUJXXgd</a>
&mdash; Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1831778258607862057?ref_src=twsrc%5Etfw">September 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, Brandt&#8217;s bearish forecast for Bitcoin is not shared by all. Cryptocurrency analyst Ali Martinez, for instance, holds a different view. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39445463/crypto-analyst-predicts-bitcoin-to-blast-off-to-90-000-if-this-happens">Crypto Analyst Predicts Bitcoin To Blast Off To $90,000 If This Happens</a>
Martinez reminded his 70,300 followers that Bitcoin&#8217;s price performance in October is usually the opposite of what transpires in September. At the time of writing, Bitcoin is trading at $56,710.
Why It Matters: The contrasting views on Bitcoin&#8217;s future performance highlight the volatile nature of the cryptocurrency market. 
While Brandt&#8217;s analysis suggests a potential downturn, Martinez&#8217;s historical perspective offers a more optimistic outlook. 
The ultimate direction of Bitcoin&#8217;s price will depend on a variety of factors, including market sentiment, regulatory developments, and macroeconomic trends. As such, investors should keep a close eye on these dynamics as they navigate the crypto market.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39447328/anthony-scaramucci-says-crypto-will-soar-if-this-presidential-candidate-wins-the-election-">Anthony Scaramucci Says Crypto Will Soar If This Presidential Candidate Wins The Election: &#8216;I Think We&#8217;ll See All-Time Highs For Bitcoin And Other Assets&#8217;</a>

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

Cryptocurrency

$BTC

Crypto Analyst Issues Bitcoin Alert: Possible Downtrend Ahead

<a href="https://www.benzinga.com/news/24/08/40567158/elon-musk-throws-weight-behind-california-ai-regulation-bill-even-as-openai-prefers-federal-regulati">California is on the brink</a> of passing a new law that could offer undocumented immigrants state-supported home loans, with up to $150,000 in assistance. This is all part of Assembly Bill 1840, introduced by Assemblymember Joaquin Arambula (D-Fresno). Assembly Bill 1840 aims to expand the California Dream for All program, which currently helps <a href="https://www.benzinga.com/real-estate/24/08/40528813/will-kamala-harris-fix-or-break-the-housing-market-experts-weigh-in-major-flaw-is-that-it-tries-to-d">first-time homebuyers with down payments</a>. 
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The bill is designed to ensure people aren't disqualified from this assistance just because of their immigration status. The California State Senate has already cleared the bill and is now going through the State Assembly, where a Democratic supermajority has control. If it passes, it will land on Gov. Gavin Newsom's desk. However, Newsom has not yet clarified whether he will sign the bill into law, leaving many in suspense.
Supporters of Assembly Bill 1840 argue that it's about providing fair opportunities. They believe that undocumented immigrants who live, work, and pay taxes in California should have the same access to homeownership as anyone else. Applicants would still need to meet certain federal requirements, such as having a taxpayer identification number or a Social Security number, so this isn't just free money – it's assistance with strings attached, according to a Fox News report.
Trending: Commercial real estate has historically outperformed the stock market, and <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
But the bill has stirred significant debate. Critics question the proposal&#8217;s practicalities and whether it might cause more harm than good. Some of the most vocal concerns have surfaced in the comments section of articles covering the topic.&nbsp;
For instance, one commenter pointed out, "What monthly income will be needed to make the mortgage payments? Will they need additional assistance to make these payments? How will these people make their property tax payments?" These questions highlight worries about whether the recipients of these loans will be able to afford their homes in the long term, or if they'll need further financial help down the road.
Another common argument is that increasing demand for housing could worsen California's <a href="https://www.benzinga.com/real-estate/24/08/40527442/housing-costs-account-for-90-of-inflation-the-role-of-the-housing-crisis-in-the-2024-presidential-ra">already tight housing market</a>. "A policy that will increase demand, which in turn will serve to further restrict supply in a state already facing a supply shortage," wrote one commenter. The fear is that this could drive up housing prices even more, contributing to inflation, and making it harder for everyone in the state to afford a home.
See Also: Elon Musk&#8217;s secret mansion in Austin revealed through court filings.<a href="https://www.benzinga.com/money/elon-musk-secret-mansion-austin-nada">Here&#8217;s how to invest in the city&#8217;s growth before prices go back up.</a>
The potential economic impact of the bill is another hot topic. "Let's not allow important details such as these to get in the way of Socialist giveaways and ‘money grows on trees' programs," one commenter sarcastically remarked, tapping into a broader frustration with what some see as the state's overly generous social programs.&nbsp;
These criticisms reflect a broader concern that the state's priorities might be misplaced, especially as more citizens leave California due to high living costs. "Meanwhile, citizen taxpayers are being forced to leave the state in record numbers since they can no longer afford to live there without having multiple incomes per family," one commenter pointed out that many feel left behind by policies that seem to benefit others at their expense.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
In the bigger picture, this bill touches on national debates about immigration, economic policy, and the role of government in providing social services. Proponents see it as a step toward economic justice and stability for more families. At the same time, opponents view it as an irresponsible use of state resources that could have <a href="https://www.benzinga.com/personal-finance/24/08/40445072/former-trump-administration-economist-says-hes-horrified-by-kamala-harriss-chilling-economic-pro">unintended financial consequences</a>.
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Real Estate

California Could Soon Offer Undocumented Immigrants Up To $150,000 In Home Loan Assistance – But Critics Fear Taxpayers Will Foot The Bill

Prepare for legalized betting on whether Democrats will reclaim the House of Representatives — <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">starting as soon as next week</a>.
On Friday, a federal judge authorized Americans to place bets on congressional election outcomes through a prediction-market startup, paving the way for legalized wagers on U.S. elections, <a href="https://www.wsj.com/finance/regulation/are-you-ready-to-bet-on-u-s-elections-a-judges-ruling-opens-the-door-556abc73" target="_blank" rel="noreferrer noopener">reported</a> the Wall Street Journal.
In a one-page ruling, U.S. District Judge Jia Cobb of the District of Columbia supported the prediction-market startup Kalshi and overturned a 2023 Commodity Futures Trading Commission decision that had prevented Kalshi from offering congressional-control contracts.
According to Kalshi co-founder Luana Lopes Lara in an interview, the company plans to launch its congressional-control contracts for trading next week and swiftly introduce additional political-event contracts, the Journal added.
Last year, Kalshi filed a lawsuit against the CFTC, claiming the regulator had exceeded its authority by blocking the contracts. These contracts would enable investors to bet on whether Republicans or Democrats win control of the House or Senate during election years.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/politics/24/09/40754802/trump-hush-money-sentencing-will-now-take-place-after-2024-election-to-avoid-any-appearance-to-a" rel="noreferrer noopener">Trump Hush Money Sentencing Will Now Take Place After 2024 Election: &#8216;To Avoid Any Appearance … To Affect The Approaching Presidential Election&#8217;</a>
&#8220;Election markets are now legal in the United States for the first time in 100 years. Americans will finally be able to trade the election on a U.S.-regulated market,&#8221; the startup&#8217;s CEO and co-founder, Tarek Mansour, said in a statement.
A CFTC spokesperson stated that the commission is currently reviewing the ruling and had no immediate comment.
The CFTC may appeal the judge&#8217;s decision. Judge Cobb, appointed by President Joe Biden, did not provide the reasoning behind her ruling immediately, noting that it would be outlined in a &#8220;forthcoming&#8221; memorandum.
When the CFTC rejected Kalshi&#8217;s contracts last year, it argued that political-event contracts constituted gambling and were, therefore, illegal under federal financial market laws. CFTC Chair Rostin Behnam also expressed concern that approving these contracts could entangle the agency in complex, politically sensitive investigations into election manipulation.
Additionally, opponents of election betting have argued that offering financial incentives for voting could fundamentally distort the electoral process.
Election betting is prohibited in many states, including Nevada, but is permitted in some countries like the U.K., where bookmakers actively accept wagers on U.S. elections.
Kalshi&#8217;s supporters argue that its proposed contracts would offer a safer alternative to foreign betting platforms and provide valuable data for political analysis.
The ruling comes as Polymarket, a crypto-based prediction market, has seen hundreds of millions of dollars wagered on the November presidential election. Polymarket has been unavailable to U.S. users since a 2021 settlement with the CFTC, yet it has experienced a surge in trading volumes, particularly on the race between former President Donald Trump and Vice President Kamala Harris.
With this court decision, Kalshi hopes to gain an edge over its offshore competitor by introducing its own election contracts, The Wall Street Journal added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Politics

Markets

Media

General

Betting On U.S. Elections? Federal Judge's Decision Greenlights Political Wagers

In August, the Biden administration reported a drop in the unemployment rate to 4.2%, indicating that the labor market remains resilient despite <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40748557/job-creation-falls-short-of-expectations-in-august-unemployment-rate-ticks-lower-" target="_blank" rel="noreferrer noopener">weaker-than-expected employment growth</a>.
This has tempered expectations for a major Federal Reserve rate cut this month. 
However, rising public skepticism toward government data complicates the picture.
Recent data from Google Trends shows that searches for terms like &#8220;unemployment&#8221; and &#8220;unemployment benefits&#8221; have plummeted to multi-year lows, indicating that the public isn&#8217;t as worried as the fluctuating economic indicators might suggest.
This decline in search interest reflects a broader skepticism towards official economic data, with many Americans questioning the accuracy and reliability of the numbers they are being given.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="321" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/07102246/Unemployment-Search-1024x321.png" alt="" class="wp-image-535727" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/07102246/Unemployment-Search-1024x321.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/07102246/Unemployment-Search-300x94.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/07102246/Unemployment-Search-768x241.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/07102246/Unemployment-Search.png 1442w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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The chart above, derived from Google Trends, reveals a striking decline in searches for terms like &#8220;unemployment&#8221; and &#8220;unemployment benefits&#8221; since 2019, suggesting that public concern may be cooling off even as economic uncertainties simmer beneath the surface.
This is in stark contrast to the substantial increases seen during the COVID-19 pandemic and the Great Recession of 2008-2009.
This skepticism isn&#8217;t new.
Business magnate <a href="https://www.benzinga.com/news/20/03/15454756/former-general-electric-ceo-jack-welch-dies-at-84" target="_blank" rel="noreferrer noopener">Jack Welch</a>, former CEO of General Electric, famously dismissed Obama-era economic data as biased &#8220;Chicago guys&#8221; propaganda.
Welch&#8217;s critical stance has influenced how many view economic statistics, contributing to a broader distrust of official figures.
The public&#8217;s low search interest in unemployment-related terms suggests that the anxiety over a potential recession may be overstated. While it&#8217;s always wise to be cautious, the data indicates that the labor market isn&#8217;t as dire as some narratives might suggest.
This disconnect raises an important question: Are markets reacting to genuine economic signals, or are they caught in a cycle of &#8220;sell the news&#8221; due to entrenched skepticism?
To navigate this economic landscape effectively, it&#8217;s essential to look beyond traditional data sources and consider alternative indicators. The stability in unemployment figures hints that the economic situation might not be as bleak as some fear, and that a recession isn&#8217;t necessarily imminent due to some hidden shadow jobs market.
Despite the pervasive skepticism towards government agencies, it&#8217;s crucial to recognize that these indicators may hold more truth than the prevailing narratives suggest.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Equities

Movers

Biden Administration Says Unemployment Is Low — But Do Americans See It That Way?

A cryptocurrency startup spearheaded by Donald Trump&#8216;s sons, Donald Jr. and Eric Trump, has sparked concerns among some of <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001426/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done">Trump&#8217;s most loyal allies within the crypto sector</a>.
What Happened: The Trump siblings have been publicizing their forthcoming cryptocurrency firm, World Liberty Financial, over the past few weeks. 
However, according to the report <a href="https://www.politico.com/news/2024/09/06/trump-family-crypto-startup-00177566">by</a> Politico, the venture has been plagued with a series of setbacks, including hacking incidents involving Trump family members and worries about World Liberty&#8217;s intimate connection to a blockchain company that lost $2 million due to security breaches.
&#8220;This is a huge mistake,&#8221; Nic Carter, a partner at crypto venture capital firm Castle Island Ventures and a Trump supporter, told the outlet. 
&#8220;It seems like Trump&#8217;s inner circle is just cashing in on his recent endorsement of crypto in an unsophisticated manner, and frankly it appears as though they&#8217;re squandering a lot of the goodwill that&#8217;s been established with the industry so far,&#8221; he added. 
Earlier this week, accounts belonging to Trump&#8217;s daughter-in-law and daughter were compromised and used to advertise a crypto token allegedly from the Trump brothers&#8217; startup. 
Also Read: <a href="https://www.benzinga.com/24/09/40668757/trump-vs-harris-majority-of-us-crypto-owners-support-this-candidate">Trump Vs Harris: Majority Of US Crypto Owners Support This Candidate</a>
This prompted the company to warn individuals not to click on any links or buy any tokens shared from their profiles.
According to the outlet, a representative for World Liberty, Zak Folkman, has said that "building a world-class decentralized finance platform with the absolute best of the best in the industry." 
He also said that unauthorized X posts and the fake Telegram channel were reported to the two platforms. Folkman confirmed that Lara, who is Eric Trump's wife, and Tiffany Trump, Donald Trump's daughter, are uninvolved in the project.
Furthermore, there are doubts about the team at World Liberty Financial. The Trump brothers&#8217; firm circulating a white paper that outlines a borrowing and lending service akin to Dough Finance, a blockchain app that was hacked for $2 million in July. 
The four individuals who established Dough Finance are listed as team members of World Liberty Financial.
Despite these issues, Donald Trump has vowed to make the United States the &#8220;crypto capital of the planet&#8221; if he wins the presidency again in November, leading to claims that his crypto policymaking could favor his family.
Why It Matters: The Trump family&#8217;s entry into the crypto world has been met with skepticism and concern, particularly due to the recent hacking incidents and the connection to a previously compromised blockchain company. 
This venture could potentially impact the reputation and acceptance of cryptocurrency in the political sphere, especially if it is perceived as a way for the Trump family to profit from Donald Trump&#8217;s potential return to the presidency.
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This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Trump Brothers' Cryptocurrency Start-Up Rattles Father's Crypto Allies: 'This Is A Huge Mistake'

Billionaire Jeff Bezos may actually buy <a href="https://www.benzinga.com/general/space/24/09/40697380/bezos-vs-musk-battle-heads-to-space-how-amazon-founder-is-taking-tesla-ceo-on-more-directly">the Boston Celtics</a> basketball team, according to latest reports, contradicting earlier news that he had &#8216;no plans&#8217; to buy the reigning NBA champions.
On Thursday morning, WEEI&#8217;s The Greg Hill Show co-host Courtney Cox said that the bidding was down to three finalists: Bezos, Fenway Sports Group and Wynn Resorts, owner of hotel and casino Encore Boston Harbor, Sports Illustrated <a href="https://www.si.com/nba/celtics/top-stories/latest-report-lists-jeff-bezos-as-finalist-to-purchase-celtics-fenway-sports-group-wynn-resorts-01j71jfah00z">reported</a>.
Cox stated that Bezos was a possible buyer two weeks after<a href="https://www.benzinga.com/m-a/24/08/40495264/jeff-bezos-has-no-plans-to-buy-nbas-boston-celtics-could-nfl-team-ownership-still-be-in-the-cards"> it was reported</a> on Aug. 21 that the Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder did not plan to purchase the Celtics, <a href="https://www.benzinga.com/startups/24/08/40490189/is-jeff-bezos-plotting-a-6-billion-purchase-i-think-its-real-the-billionaire-eyes-the-boston-celtics">following a report </a>earlier in the day that he was offering $6 billion for the team with an estimated worth of $4.7 billion.
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Bezos has previously shown interest in buying the National Football League&#8217;s Seattle Seahawks and Washington Commanders.
Boston Basketball Partners L.L.C., the Celtics&#8217; primary shareholder,&nbsp;intends to sell a majority interest in the Celtics in 2024 or early 2025. Wyc Grousbeck is expected to stay on board as the Governor of the Celtics until the deal&#8217;s expected closing in 2028.
Charlie Jacobs, the CEO of Delaware North, which owns the Celtics&#8217; stadium TD Garden, said&nbsp;during the Jimmy Fund Radio-Telethon that the team recently signed a lease to remain in their current home venue for &#8220;another 12 years or so.&#8221;
That plan could change if Bezos buys the team because he may want to own the Celtics&#8217; local arena and build a new stadium comparable to the Intuit Dome, a new stadium built by Los Angeles Clippers owner Steve Ballmer.
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Photo: Wikimedia Commons

AMZN

Will Bezos Buy The Celtics Or Not? Latest Reports Say That He Will

Billionaire Elon Musk is focusing a lot of attention on artificial intelligence these days through companies like Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), X and xAI, but he missed out on being recognized by Time Magazine as a top 100 name for <a href="https://www.benzinga.com/topic/artificial-intelligence">the artificial intelligence sector</a>.
What Happened: Time Magazine recently unveiled <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40746595/tesla-bull-blames-ev-giant-for-elon-musk-missing-out-on-time-magazines-most-influen">its second annual</a> TIME100 AI list of the 100 most influential people in artificial intelligence.
A picture <a href="https://x.com/TIME/status/1831665580241293772">shared</a> on X by Time was notably missing Musk and OpenAI CEO Sam Altman, which drew plenty of reactions on social media. Clicking through to the <a href="https://time.com/collection/time100-ai-2024/">list</a> showed that Altman made the cut and wasn't included in the picture, but Musk was nowhere to be found.  
The tweet from Time has over seven million views and hundreds of comments asking where musk is and why he wasn't on the list.
Popular social media user @greg16676935420 had one of the most liked replies.
"Elon Musk must've been #101," a reply said.
The reply has over 11,000 likes, ratioing the 3,400 likes that Time originally received on the post.
The X account @wallstreetbets posted a picture of dogs and captioned the reply with "Time's most influential cats."
Tesla influencer Sawyer Merritt <a href="https://x.com/elonmusk/status/1831778817746334060">criticized</a> Musk being excluded.
"Somehow, Elon Musk is not on the list, despite recently bringing online the most powerful AI training system in the world with xAI, and having the largest self-driving data fleet in the world at Tesla," Merritt tweeted.
Musk responded to Merritt's post with, "Magazines do not establish relevance, history does."
The thought from Musk comes as the billionaire is often quick to criticize media companies and their coverage of him, but in this case took the high road and offered a way to say I'll show them.
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Why It's Important: The TIME100 AI list includes many well-known figures like Satya Nadella of Microsoft, Sundar Pichai of Google, Jensen Huang of Nvidia, Mark Zuckerberg of Meta Platforms and Lisa Su of AMD.
It may have been the inclusion of actor Scarlett Johansson on the list that drew the most attention at someone who beat out Musk. The actress lashed out at OpenAI for the usage of what sounded like her voice for ChatGPT after previously being asked to share her voice on a project.
While the moment was significant to the artificial intelligence in the world of deepfakes and concerns of using people's image and likeness without permission through AI, many argued that she isn't as influential on the sector as Musk.
Musk made the Time <a href="https://time.com/collection/time100-ai/">list</a> last year for influential names in AI, but could have missed out due to a focus on selecting new names.
"Ninety-one of the members of the 2024 list were not on last year's an indication of just how quickly the field is changing," Time said.
The magazine said they interviewed members from last year's list to find the best new additions, which could suggest a preference to new names.
When it comes to AI, Musk is one of the most mentioned names. Tesla investors and analysts have argued that the company best known for electric vehicles could be one of the most underrated AI companies.
Ark Invest CEO Cathie Wood <a href="https://www.benzinga.com/markets/penny-stocks/23/08/34102486/exclusive-cathie-wood-tells-benzinga-why-tesla-should-trade-as-a-tech-stock">previously told Benzinga</a> that Tesla should trade like a technology stock and not like an auto stock, due in large part to its place in AI.
"Tesla, because of its positioning with AI, it is the only auto company or tech company that has designed its own chip for autonomous driving," Wood previously said.
Wood said autonomous taxi platforms could be "the biggest AI project in the world."
Wedbush analyst Dan Ives<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39647985/tesla-most-undervalued-ai-play-in-the-market-analyst-says-rubber-meets-the-road-on-"> shares the same commentary </a>on Tesla being an AI company.
"The key for Tesla's stock looking ahead is the Street recognizing that Tesla is the most undervalued AI play in the market in our view with a historical Robotaxi Day ahead for Musk and Tesla," Ives previously said.
Ives said Tesla is more of an AI and robotics lay than a traditional car company.
Along with Musk pushing AI forward at Tesla, the billionaire also<a href="https://www.benzinga.com/news/23/08/33578667/musks-x-ai-takes-over-ai-com-a-new-chapter-in-the-battle-with-openai-and-the-ai-industry"> launched the xAI company,</a> which is well-known for its Grok chatbot. xAI raised $6 billion earlier this year.
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Social Media

TSLA

Elon Musk Less Influential To Artificial Intelligence Than Scarlett Johansson, Time Magazine Says: Billionaire Brushes Off Exclusion – 'Magazines Do Not Establish Relevance, History Does'

A tiny cabin in Crested Butte, Colorado, measuring just 713 square feet has hit the market for $1.25 million – or $1,753 per square foot.
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While some might question the <a href="https://www.benzinga.com/real-estate/24/02/36924044/these-cities-will-pay-you-to-put-a-tiny-home-in-your-backyard">small house</a>&#8216;s value<a href="https://www.benzinga.com/real-estate/24/02/36924044/these-cities-will-pay-you-to-put-a-tiny-home-in-your-backyard">,</a> listing agent Jenna May of Bluebird Real Estate believes the price is justified.
"The replacement cost to build the home now would be a minimum of $1,000 per square foot, plus it's on 10.33 acres and has deeded water rights," she said. "There is a property on the other side of the road on barely over an acre that went for $890,000. This one is on more than 10 acres, which is rare to find in the community of Irwin."
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May describes the property as "magical," noting that it attracts a lot of wildlife, including moose, bears, foxes, beavers, deer and many birds native to the area.
"It's a really intriguing and enticing place to go," she said. "I think the next buyer will be an outdoorsy person for sure. A lot of extreme people have been attracted to it as well."
The mountain retreat could be outfitted with Wi-Fi, although the seller chose not to install it.
"You can be as plugged or unplugged as you like," May said.
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Because of its remote location in the Rocky Mountains, access to <a href="https://www.benzinga.com/real-estate/24/06/39249112/florida-man-builds-10-foot-wide-tiny-home-to-spite-neighbors-then-lists-it-for-600-000">the cabin</a> is challenging in the winter.
"They close the road in late October and don't maintain it," May said. "That's why the listing says it has seasonal access. The seller had to snowmobile to and from the property for years because it's a dirt road that's not paved."
The solution? The fully furnished home comes with a Polaris 550 fan-cooled snowmobile for getting around the small town of Irwin in the winter.
"It's only about 20 minutes to downtown Crested Butte," May said. "Irwin is an old mining town with a lot of history. It's a community where people live full-time, and the seller used it as her primary residence, but if someone wanted to use it only in the summer, they could do that as well."
Built in 1942, the two-bedroom cabin blends rustic charm and modern amenities. The owner, who purchased the property in the early 2000s, has made significant updates.
A stone patio is perfect for entertaining guests, and custom metal railings inside and out add a touch of contemporary style.
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Solar panels and a propane refrigerator provide essential amenities, while a wood-burning stove and extra wood ensure warmth. The cabin has exposed beams, cathedral ceilings and hardwood floors. Hand-carved wood accents around the windows and doors add character.
"One of the most impressive features is the views that you get from the wraparound deck," May said. "The surrounding environment is very lush and overgrown, but it's really beautiful. It's just a really neat environment up there."
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Is This The Most Expensive Tiny Home Ever? 713-Square-Foot Cabin Lists For $1.25M

Jerry Seinfeld is officially a billionaire! According to Forbes, his net worth has topped $1.1 billion, thanks to his long career as a comedian and smart investments. The sitcom Seinfeld became a cultural touchstone and gave us the infamous "No soup for you!" line, making<a href="https://www.benzinga.com/news/24/03/37999391/sick-man-and-sociopath-larry-david-unleashes-blunt-criticism-of-donald-trump-hes-a-little-baby"> him a household name</a>. Since the show ended in 1998, he's raked in $465 million from syndication deals and another $94 million from selling streaming rights to Netflix.
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But it's not<a href="https://www.benzinga.com/general/23/09/34441298/jerry-seinfeld-has-a-100-million-car-collection-he-still-earns-60-million-to-80-million-annually-fro"> just about the show</a>. Seinfeld's stand-up comedy has also contributed to his financial success. His tours have earned him around $100 million since the 1980s, showcasing his knack for delivering laughs and, apparently, financial success. His real estate holdings, including a swanky Manhattan apartment and a massive mansion in East Hampton, are worth an extra $40 million.
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Despite all this wealth, Seinfeld's approach to money is surprisingly grounded. In a 2012 interview, he said, "I like money, but it's never been about the money." His take on money was evident during his recent chat on the Blocks Podcast with Neal Brennan. Seinfeld reminisced about how the cultural focus shifted from the 1970s, when job coolness was key, to the 1980s, when money became the main goal. "In the seventies, it was all about how cool your job was," he said. "If your job was cooler than mine, you won." It's a bit like comparing Seinfeld&#8217;s iconic "serenity now" moment to today's financial frenzy.
The 1980s marked a turning point, as Wall Street's explosive growth shifted the focus from job satisfaction to making money. This change was further amplified by the tech boom of the 1990s, which minted even more young millionaires, creating a new generation of people for whom financial success became a primary goal.
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Despite all his financial success, Seinfeld emphasizes that true satisfaction comes from fulfilling work, not just a hefty bank account. "I told a bunch of kids around the table last night," he said, "If your work is unfulfilling, the money will be too."
A Harvard Study of Adult Development suggests that money can meet essential needs and provide security, but its ability to enhance happiness diminishes beyond a certain threshold. The study emphasizes that genuine happiness is more closely tied to relationships and meaningful work than financial success alone.
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So, while Seinfeld enjoys his billion-dollar status, he reminds everyone that the real jackpot is finding work you genuinely love. <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">Money can't fill the void</a> if you're unhappy with your work, no matter how many "puffy shirt" moments you've had.
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Personal Finance

Jerry Seinfeld Is Now Worth Over $1B – He Recently Told a Bunch Of Kids: 'If Your Work Is Unfulfilling, The Money Will Be Too'

Vice President Kamala Harris continues to lead over Donald Trump with two months to go until the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election</a>.
What Happened: Harris continues to see leads in head-to-head polls and in <a href="https://www.benzinga.com/general/politics/24/08/40566146/trump-in-trouble-vice-president-harris-leads-betting-odds-for-2024-election-heres-how-swing-stat">the betting odds</a> for the 2024 election in her matchup against former President Trump.
A new Morning Consult <a href="https://pro.morningconsult.com/trackers/2024-presidential-election-polling?utm_source=briefing&amp;utm_medium=email&amp;utm_campaign=washington_am&amp;utm_content=090624">poll</a> of likely voters shows Harris' lead dropping and Trump gaining support two months ahead of the election.
The new poll shows the following results from voters, with the results from the Aug. 27 poll in parentheses. The previous poll included all voters and not just likely voters.
<ul>
<li>Kamala Harris: 49% (48%)</li>
<li>Donald Trump: 46% (44%)</li>
<li>Someone Else: 2% (4%)</li>
<li>Don't Know: 3% (4%)</li>
</ul>
The poll found that 93% of Democrats backed Harris as their top pick, up one percentage point from last week's poll. The poll also found that 91% of Republicans backed Trump as their top pick, up two percentage points from last week's poll.
Independent voters selected the following as their head-to-head preference, with the results from the <a href="https://www.benzinga.com/general/politics/24/08/40590715/harris-vs-trump-no-democratic-national-convention-bump-for-vice-president-rfk-jr-suspension-fail">Aug. 27 poll </a>in parentheses:
<ul>
<li>Kamala Harris: 47% (42%)</li>
<li>Donald Trump: 41% (38%)</li>
<li>Someone Elses: 6% (9%)</li>
<li>Don't Know: 6% (10%)</li>
</ul>
Along with leading all voters and Independent voters, Harris also has the edge in the 18-34 aged voters demographic leading 50% to 45%.
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Why It's Important: The new 2024 election poll of likely voters might show one of the better illustrations of what could happen in November. Both candidates receive higher totals with less undecided voters factored in.
The bad news for Harris is her lead among all voters and younger voters declined from last week. Harris' lead for the independent voters grew to six percentage points, up from a four-point percentage lead previously.
Harris continues to rank ahead of Trump in the weekly head-to-head poll, maintaining a lead each week since the head-to-head update in the poll took place with Biden stepping down in the 2024 election race.
Another key figure for the 2024 election poll is how it compares to the stage in the 2020 election. With two months to go before the 2020 election, Joe Biden led Trump by eight percentage points among likely voters 51% to 43%.
Biden went on to win the popular vote in the 2020 election 51.3% to 46.9%. The nearly four-point winning margin was around half of what the poll two months before the election was predicting. Trump outperformed many election polls in both the 2016 and 2020 elections.
The three-point lead for Harris over Trump comes after Morning Consult recently released a&nbsp;<a href="https://www.benzinga.com/general/politics/24/07/40086590/harris-vs-trump-vice-president-has-passed-former-president-in-swing-states-could-biden-stepping-" target="_blank" rel="noreferrer noopener">swing state voter poll</a>&nbsp;that found the vice president leading 48% to 47% overall in seven key states.&nbsp;The vice president was leading Trump in four of the seven swing states (Arizona, Michigan, Nevada, Wisconsin), tied in one (Georgia) and trailing in two (North Carolina, Pennsylvania).
This marks one of the final polls ahead of the first presidential debate between Harris and Trump set for Sept. 10.
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Harris Vs. Trump: Vice President On Top By Three Points, How Her Lead Compares To The 2020 Election At This Point In Race

Higher education is becoming important as the 2024 presidential election draws nearer. Vice President <a href="https://www.benzinga.com/news/24/09/40727647/trump-shaken-by-kamala-harris-says-anthony-scaramucci-but-calls-him-an-adaptive-guy-hell-find-the-ri">Kamala Harris</a> and former President Donald Trump each offer a different vision for the future of American higher education and have their ideologies for addressing college affordability, student debt, and educational standards. 
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<h2 class="wp-block-heading">Kamala Harris: Free Community College and Debt Forgiveness</h2>
Harris has long championed making higher education more accessible and affordable. As a U.S. senator, she co-sponsored the College for All Act of 2017, which proposed eliminating tuition at public community colleges and offering free tuition to public four-year colleges for families earning less than $125,000 annually.&nbsp;
Though the proposal didn't pass, Harris continues to champion similar initiatives. Her recent budget proposal includes plans for free community college, continuing the <a href="https://www.benzinga.com/top-stories/24/08/40611128/us-supreme-court-declines-to-revive-biden-administrations-student-debt-relief-plan">Biden administration's efforts</a> in this area. 
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Harris has also demonstrated a commitment to relieving student loan debt. Under the Biden-Harris administration, $168.5 billion in student loan debt has already been forgiven.&nbsp;
Harris recently posted on X, "@POTUS and I have canceled nearly $170 billion in student debt for almost five million Americans. We are also fighting to defend our SAVE Plan, which has lowered payments for millions of Americans. We won&#8217;t stop fighting to build an economy that works for every American."
<h2 class="wp-block-heading">Donald Trump: Free Online University and Workforce Training</h2>
Contrasting Harris's plans, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40734266/trump-promised-to-turn-the-u-s-into-the-crypto-capital-of-the-world-but-did-he-actually-fo">Trump</a> has focused more on alternative solutions to higher education. One such proposal is a free online university, "The American Academy." This university aims to provide an education devoid of what Trump describes as "wokeness" and political bias. It would also offer various degrees and other workforce training opportunities, such as mentorships, industry partnerships, and training in skilled trades.
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Trump said, "Under the plan, I'm announcing today (Nov. 1, 2023), we will take the billions and billions of dollars that we will collect by taxing, fining, and suing excessively large private university endowments, and we will then use that money to endow a new institution called the American Academy."
Trump has publicly expressed his opposition to widespread debt forgiveness for student debt, stating that it "would have been very unfair to the millions and millions of people who paid their debt through hard work and diligence." However, during his presidency, Trump did take steps to ease debt relief for veterans with severe disabilities.
<h2 class="wp-block-heading">Balancing Perspectives</h2>
Harris's and Trump's opposing views give voters a clear choice on how to approach higher education. Harris advocates for greater accessibility and <a href="https://www.benzinga.com/real-estate/24/07/40009713/how-a-heated-phone-call-between-kamala-harris-and-jpmorgans-jamie-dimon-may-have-impacted-housing-re">debt relief</a> to support students and families, while Trump focuses on alternative, vocational, and less traditional educational models and expresses skepticism toward established higher education institutions.
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The debate surrounding these proposals will likely intensify as the election draws closer. If you are currently navigating the complexities of higher education financing, it's important to consider how each candidate's proposal could affect higher education and personal finances. Consulting a <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> can offer personalized insights into how these policy differences might impact your educational and financial planning.
Ultimately, the decision between Harris's progressive educational reforms and Trump's alternative approaches will influence the future of American higher education. Staying informed and prepared will be crucial as we adapt to these changes.
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Harris' Push For Free College Vs. Trump's Focus On Workforce Training: Which Is Right For America?

The first day of trading in Benzinga's paper trading contest powered by TradeZero is less than one week away. Contestants have the chance to win over $30,000 in cash and prizes during the competition.
Here's how you can take home your share of cash and prizes and get a tour of the world-famous New York Stock Exchange.
The Contests: Powered by TradeZero, the <a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">World Championship of Trading</a> is the ultimate trading competition for investors to prove their keen eye during a three-month time period.
Each investor will have around one month across three separate contests to generate the highest profits from a starting balance of $100,000 in a simulated trading account.
TradeZero CEO Daniel Pipitone said the company is excited to partner with Benzinga and show traders the cool features that TradeZero has available.
"The thing that I'm most excited about is getting folks exposure to the platforms that I'm really proud of," Pipitone told Benzinga.
In the direct trading space, few firms have their own technology, Pipitone said. 
"I'm really excited to get people exposure."
Contestants in the World Championship of Trading will have access to Benzinga's Live Squawk, which Pipitone said is a nice value add.
Investors will also gain exposure to TradeZero's newly patented short selling tools.
"Our patented locate functionality and locator platforms gives our traders the ability to what we call mark for credit."
This technology can give investors an edge and is a key differentiator for TradeZero, Pipitone said, adding he is "very proud of the product and the platform."
TradeZero won the Benzinga Global Fintech Award for Best Brokerage for Short Selling for four years straight from 2020 to 2023.
The TradeZero founder said he's really pumped up for the trading contest with Benzinga.
"Really excited to kick off September in a meaningful way."
Speaking of the contest prize of touring the New York Stock Exchange, Pipitone said the stock exchange never fails to impress.
"I get chills every time I go to the NY and go to the floor."
<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="TradeZero &#x7C; Daniel Pipitone &#x7C; Benzinga All Access" width="500" height="281" src="https://www.youtube.com/embed/Eox4PfdQ4ic?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>
Contest Rules: The contest is open to residents of the United States and Canada who are 21 years of age or older.
Traders will be able to buy simulated equities and options from U.S. markets during the contest periods starting with a balance of $100,000. No fractional shares will be allowed and no single trade can be above $10,000 when placed. Traders have to hold a minimum of one stock or option throughout the duration of the contest. A minimum of five days of one trade or more have to be completed throughout each contest.
Interested investors have been able to <a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">sign up to join</a> the contest since Friday, July 26. Signing up for the first contest will automatically register an entry in the second and third contests. Traders can sign up for the contests after the start dates as long as it is before a cutoff deadline.
The dates for the&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">contests</a>&nbsp;are listed below:
<ul>
<li>Contest 1: Sept. 15 through Oct. 14</li>
<li>Contest 2: Oct. 15 through Nov. 14</li>
<li>Contest 3: Nov. 15 through Dec. 14</li>
</ul>
The last days to register for the contests are Oct. 7, Nov. 7 and Dec. 8 at 9 a.m. ET for the three respective contests.
Read Also:&nbsp;<a href="https://www.benzinga.com/fintech/23/11/35687369/tradezero-ceo-daniel-pipitone-giving-the-retail-traders-an-institutional-level-toolbox" target="_blank" rel="noreferrer noopener">TradeZero CEO Daniel Pipitone: Giving Retail Traders An Institutional-Level Toolbox</a>
Contest Prizes: Participants have the chance to win as much as $30,000 in cash and prizes during the contests. Travel and expenses will not be paid for the NYSE tour prizes.
Here are the contest prizes for the World Championship of Trading.
Contest 1:
<ul>
<li>First Place: $5,000 cash, lifetime of&nbsp;<a href="https://pro.benzinga.com/feature/newsfeed/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">Benzinga Pro Essential,</a>&nbsp;tour of the NYSE and lunch for two at the NYSE.</li>
<li>Second Place: $1,000 cash, one year of Benzinga Pro Essential.</li>
<li>Third Place: $500 cash, one year of Benzinga Pro Essential.</li>
</ul>
Contest 2:
<ul>
<li>First Place: $10,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.</li>
<li>Second Place: $2,000 cash, one year of Benzinga Pro Essential.</li>
<li>Third Place: $1,000 cash, one year of Benzinga Pro Essential.</li>
</ul>
Contest 3:
<ul>
<li>First Place: $15,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.</li>
</ul>
Find out more at the&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">World Championship of Trading site</a>.

Exclusives

Benzinga World Championship Of Trading Powered By TradeZero: 'Kick Off September In A Meaningful Way' With Over $30,000 In Cash And Prizes On The Line

During a Berkshire Hathaway shareholder meeting a few years ago, Warren Buffett and Charlie Munger were asked a straightforward yet revealing question: If someone in your local town owned three to five businesses, such as a cake shop and a dry cleaner, you'd probably think they were pretty well diversified. So why do financial experts often recommend holding 20 to 30 stocks in a portfolio? The questioner was curious about Buffett's views on diversification and how he approaches concentrating his investments.
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Buffett didn't hesitate to challenge the conventional wisdom. He made it clear that while owning a broad range of stocks is often recommended, it's more of a safety net for those who don't know how to evaluate businesses properly. "<a href="https://www.benzinga.com/personal-finance/24/06/39360926/diversification-thats-for-idiots-mark-cuban-slams-warren-buffetts-investment-strategy-i-think-bu">Diversification is a protection against ignorance,</a>" Buffett said. "If you know how to analyze businesses and value businesses, it's crazy to own 50 stocks or 40 stocks or 30 stocks." In other words, if you've done your homework and truly understand a few outstanding companies, spreading your bets across dozens of stocks might dilute your returns.
Trending: The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires">Here are three ways to join the club.</a>
Buffett isn't just speaking theoretically. He practices what he preaches. At one point, he mentioned that he owns just one stock in his portfolio – the one he knows best. And when it comes to Berkshire Hathaway, he's perfectly comfortable with concentrating investments in just a few stellar businesses. "I could pick out three of our businesses, and I would be very happy if they were the only businesses we owned and I had all my money in Berkshire," he added.
Then Charlie Munger, <a href="https://www.benzinga.com/personal-finance/24/07/39988155/charlie-munger-said-the-point-of-getting-rich-is-so-you-dont-have-to-get-along-with-other-people">never one to shy away from a blunt opinion</a>, chimed in. He didn't just challenge modern financial theories; he flat-out dismissed them. "Much of what is taught in modern corporate finance courses is twaddle," Munger declared, eliciting laughter from the crowd. His point? Complex models and theories might sound impressive but often add little value to real-world investing.
See Also: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US. <a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital">Investing in its booming real estate market has never been more accessible.</a>
Munger also emphasized the <a href="https://www.benzinga.com/personal-finance/24/08/40605821/charlie-munger-said-you-dont-need-to-own-a-lot-of-things-in-order-to-get-rich-but-believed-you-a">importance of sticking with what you know</a>. "If you find three wonderful businesses in your life, you'll get very rich," he said. And unlike the intricate theories taught in finance classes, this approach is simple, straightforward, and, according to Munger, far more effective.
Buffett and Munger's advice is clear: If you truly understand the businesses you're investing in, you don't need to spread your money across dozens of stocks. Instead, concentrate on a few outstanding companies that you know inside and out. Diversification can help you avoid major mistakes, but it might also prevent you from achieving the extraordinary results of deep, focused investments in just a few high-quality businesses.
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So, the next time you're <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">building your portfolio</a>, remember Buffett and Munger's wisdom. Don't let the fear of risk lead you to dilute your potential returns. Instead, focus on finding those few great companies you understand and believe in – and then, as Munger might say, ignore the twaddle.
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Want to Get 'Very Rich'? Charlie Munger and Warren Buffett Say You Only Need 3 Wonderful Businesses – Not 30 Stocks

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), experienced its sharpest weekly decline in over 18 months, marking the largest drop since the March 2023 banking crisis.
A weaker labor market report prompted investors to reduce risk exposure after three consecutive weeks of gains, leading to a broad selloff. 
On Friday, the S&amp;P 500 fell 1.7%, bringing its weekly loss to 4.1%, while tech stocks saw even steeper declines, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>). 
The semiconductor sector, represented by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), took the biggest hit, dropping 4.3% on Friday and ending the week down 11.8%, its worst performance <a href="https://www.benzinga.com/markets/equities/24/09/40756864/s-p-500-suffers-largest-weekly-drop-since-march-2023-banking-crisis-chipmakers-notch-worst-week-">since March 2020.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/markets/equities/24/09/40680914/nvidia-takes-a-page-from-apples-playbook-jensen-huang-wants-ai-stalwart-to-go-beyond-chips-and-b">Nvidia Takes A Page From Apple&#8217;s Playbook: Jensen Huang Wants AI Stalwart To Go Beyond Chips And Be One-Stop Shop For Data Center Clients</a>,&#8221; by <a href="https://www.benzinga.com/author/shanthi-rexaline">Shanthi Rexaline</a>, outlines how Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang aims to transform the company into a complete AI solution provider, offering software, networking, and services beyond just AI chips.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40673895/elon-musk-thinks-dogecoin-payments-could-potentially-help-starlink-get-around-brazil-freez">Elon Musk Thinks Dogecoin Payments Could Potentially Help Starlink Get Around Brazil Freezing Its Bank Accounts</a>,&#8221; by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, discusses how Elon Musk is considering using Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) for SpaceX&#8217;s Starlink services in Brazil after the country&#8217;s Supreme Court froze Starlink's bank accounts over legal disputes.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40734889/amazon-analyst-says-companys-dominant-competitive-position-in-e-commerce-aws-provid">Amazon Analyst Says Company's ‘Dominant Competitive Position' In Ecommerce, AWS ‘Provides A Lot To Be Bullish About&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) strong competitive positioning in e-commerce and cloud (AWS), emphasizing potential upside from generative AI adoption and ongoing logistics efficiencies.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/equities/24/09/40681461/nancy-pelosis-stock-pick-broadcom-poised-for-breakout-after-recent-consolidation-she-never-loses">Nancy Pelosi&#8217;s Stock Pick Broadcom Poised For Breakout After Recent Consolidation: &#8216;She Never Loses,&#8217; Says Social-Media User</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40693887/apple-nvidia-will-lead-3-to-5-year-tech-bull-run-analyst-says-i-am-a-buyer-here">Apple, Nvidia Will Lead 3-To-5-Year Tech Bull Run, Analyst Says: &#8216;I Am A Buyer Here&#8217;</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40722735/trump-presidency-will-be-total-game-changer-for-crypto-industry-says-pro-bitcoin-senator-c">Trump Presidency Will Be &#8216;Total Game Changer&#8217; For Crypto Industry, Says Pro-Bitcoin Senator Cynthia Lummis: Forsees &#8216;Uphill Battle&#8217; If Kamala Harris Wins</a>
The Bears
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40686596/google-doj-trial-drama-to-hit-earnings-by-up-to-10-says-jpmorgan-status-quo-is-no-l">Google, DOJ Trial Drama To Hit Earnings By Up To 10%, Says JPMorgan: Status Quo Is No Longer Possible</a>,&#8221; by <a href="https://www.benzinga.com/author/surbhi-jain">Surbhi Jain</a>, outlines how Alphabet Inc. (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>) faces potential financial hits due to DOJ trial remedies, with possibilities ranging from opening up search distribution channels to rivals to a worst-case scenario of Chrome or Android breakups, potentially reducing earnings by 10-20%.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40696588/exclusive-apples-iphone-16-launch-will-be-disappointment-before-the-excitement-gene">EXCLUSIVE: Apple&#8217;s iPhone 16 Launch Will Be &#8216;Disappointment Before The Excitement,&#8217; Gene Munster Says</a>,&#8221; by <a href="https://www.benzinga.com/author/michael-juliano">Michael Juliano</a>, reports that Gene Munster of Deepwater Asset Management expects Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares to dip initially after the iPhone 16 launch, but predicts significant revenue growth in the coming year.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40730038/tesla-bear-slams-fsd-china-release-timeline-as-meaningless-announcement-calls-it-ov">Tesla Bear Slams FSD China Release Timeline As &#8216;Meaningless Announcement,&#8217; Calls It Overused &#8216;Pump&#8217; Tactic Amid Share Price Decline</a>,&#8221; by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, reports how Gordon Johnson, CEO of GLJ Research, criticizes Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) for announcing a 2025 timeline for Full Self-Driving (FSD) in China and Europe, calling it a stock-pumping strategy amid falling earnings.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40679694/bitcoin-mining-revenue-tanks-to-an-11-month-low-in-august-industry-bellwether-marathon-dig">Bitcoin Mining Revenue Tanks To An 11-Month Low In August, Industry Bellwether Marathon Digital Shares Sank Over 13% In The Month</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40691352/stock-of-the-day-berkshire-hathaway-trades-above-usual-range-time-to-sell-the-warren-buf">Stock Of The Day: Berkshire Hathaway Trades Above Usual Range — Time To Sell The Warren Buffett Stock?</a>
<a href="https://www.benzinga.com/news/24/09/40722943/microsoft-customers-reportedly-ditching-copilot-ai-office-tools-but-top-analyst-thinks-it-is-just-gr">Microsoft Customers Reportedly Ditching Copilot AI Office Tools But Top Analyst Thinks It Is Just &#8216;Growing Pains:&#8217; &#8216;The Rub Against AI Is&#8230;&#8217;</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence via Midjourney.

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Benzinga Bulls And Bears: Nvidia, Apple, Tesla, Amazon – And Musk Responds To Idea Of Using Dogecoin For Starlink Payments In Brazil

19 years ago, on Sept. 7, legendary Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) co-founder and former CEO Steve Jobs made a move that would revolutionize the music industry and set Cupertino on a path to becoming the tech giant it is today.&nbsp;
He unveiled the iPod Nano – a sleek, compact music player that captured the imagination of consumers and investors alike. The product was launched four years after the original iPod.
But what if, instead of rushing to buy the latest gadget, you had invested in Apple stock? Let&#8217;s crunch the numbers and see how that $1000 would have fared.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/05/38814718/happy-40-zuckerberg-if-you-invested-1000-in-meta-platforms-stock-when-mark-zuckerberg-turned-30-" target="_blank" rel="noreferrer noopener">Happy 40, Zuckerberg! If You Invested $1000 In Meta Platforms Stock When Mark Zuckerberg Turned 30, Here's How Much You'd Have</a>
First, let's take a look at the iPod Nano's journey:
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="530" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222047/Steve-Jobs-iPod-nano-1024x530.jpg" alt="" class="wp-image-535578" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222047/Steve-Jobs-iPod-nano-1024x530.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222047/Steve-Jobs-iPod-nano-300x155.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222047/Steve-Jobs-iPod-nano-768x398.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222047/Steve-Jobs-iPod-nano-1536x795.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222047/Steve-Jobs-iPod-nano.jpg 1889w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Steve Jobs introducing the iPod nano in 2005 &#x7C; Photo courtesy: Apple</figcaption></figure>
The iPod Nano debuted as a replacement for the iPod Mini. It was notable for its flash storage, which made it smaller and more durable than its predecessors. Available in 2GB and 4GB models, it could hold up to 500 and 1,000 songs, respectively, and weighed 1.5 ounces.&nbsp;
The launch was famously presented by Jobs, who referred to the tiny watch pocket in his jeans and asked, &#8220;Ever wonder what this pocket is for?" He then showed the device.
<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/2024/09/06222119/iPod_nano_7Up_PB_PF_wPods_PRINT-1024x576.jpg" alt="" class="wp-image-535579" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222119/iPod_nano_7Up_PB_PF_wPods_PRINT-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222119/iPod_nano_7Up_PB_PF_wPods_PRINT-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222119/iPod_nano_7Up_PB_PF_wPods_PRINT-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222119/iPod_nano_7Up_PB_PF_wPods_PRINT-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06222119/iPod_nano_7Up_PB_PF_wPods_PRINT.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">iPod nano &#x7C; Photo courtesy: Apple</figcaption></figure>
In a press release shared by Apple, Jobs said, "iPod nano is the biggest revolution since the original iPod," adding, "iPod nano is a full-featured iPod in an impossibly small size, and it's going to change the rules for the entire portable music market."
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.
On July 27, 2017, in a low-key move without much fanfare, Apple quietly phased out these two iconic iPods from their product range — the iPod Nano and iPod Shuffle.
The iPod Nano was available for nearly 12 years and underwent seven distinct redesigns during its lifespan.&nbsp;
Its design evolved significantly over the years, with various iterations showcasing a range of colors, an integrated video camera, and a clip that appeared one year and was removed the next.&nbsp;
The design also shifted from tall and slim one year to short and compact the following year.
That being said, here&#8217;s what your $1,000 investment in Apple stock would have turned into at the time of the iPod Nano&#8217;s launch:
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06205830/newplot-3.jpeg" alt="" class="wp-image-535554" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06205830/newplot-3.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06205830/newplot-3-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /><figcaption class="wp-element-caption">The price of Apple stock from Sept. 7, 2005, to Sept. 6, 2024.</figcaption></figure>
Apple&#8217;s stock, adjusted for stock splits and other corporate actions, was $1.7385 on Sept. 7, 2005.
Its stock price today is $220.82, which is an increase of 12,601% during this period.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06210040/newplot-4.jpeg" alt="" class="wp-image-535555" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06210040/newplot-4.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06210040/newplot-4-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /><figcaption class="wp-element-caption">The value of a $1,000 investment in Apple stock, as well as in the QQQ ETF and the S&amp;P 500 index, from Sept. 7, 2005, to Sept. 6, 2024.</figcaption></figure>
If you had invested $1,000 in Apple stock on Sept. 7, 2005, today, you would have $120,017.
Likewise, if you had invested $1,000 in Invesco QQQ ETF, you would have $1,170.
A similar $1,000 investment in an index fund that replicates the S&amp;P 500 would be worth $4,361.
<h3 class="wp-block-heading">What Happened To iPods</h3>
In 2022, over two decades after the launch of the original iPod, Apple officially ended production of its legendary portable music player line.&nbsp;
It was the end of the iPod Touch, which was the sole remaining model in the iPod lineup, after the discontinuation of the iPod Shuffle and iPod Nano.
It may appear trivial today, but during its peak, the iPod was a major contributor to Apple&#8217;s revenue, often surpassing 50 million units sold each year.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06205136/10469-1024x1024.jpeg" alt="" class="wp-image-535548" style="width:484px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06205136/10469-1024x1024.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06205136/10469-300x300.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06205136/10469-150x150.jpeg 150w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06205136/10469-768x768.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06205136/10469.jpeg 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Courtesy: Statista</figcaption></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Apple Launched iPod Nano 19 Years Ago: If You Invested $1000 In Apple Stock When Steve Jobs Revealed His Vision For Music, Here's How Much You'd Have

The recent downturn in Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares is more likely due to a broader sell-off in AI stocks than a potential share sale by Elon Musk, according to Gary Black.
What Happened: On Friday, the managing partner at The Future Fund, refuted the idea that Musk was offloading Tesla shares to meet financial obligations for X before the Q3 trading window closes.
Instead, he <a href="https://www.benzinga.com/news/earnings/24/09/40741225/broadcom-q3-earnings-revenue-beat-eps-beat-continued-strength-in-ai-solutions-and-vmware-2024-ai-gu">identified a guidance miss</a> by Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) as the probable trigger for the selloff in AI stocks selloff, which includes Tesla because of the EV giant&#8217;s AI play due to full self-driving, or FSD, among other things.
Black&#8217;s assessment indicates that Tesla&#8217;s stock price drop aligns with the<a href="https://www.benzinga.com/opinion/24/09/40694164/nvidia-will-keep-crashing-until-this-happens"> performance of other AI stocks</a> such as&nbsp;NVIDIA Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>),&nbsp;Advanced Micro Devices, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and&nbsp;Marvell Technology Group Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), all of which have seen significant declines.
&#8220;It would be easy to conclude Elon is selling Tesla shares (-5.5%) today to plug the X liquidity hole before the 3Q trading window closes, but I don't think it's that,&#8221; he noted.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40680914/nvidia-takes-a-page-from-apples-playbook-jensen-huang-wants-ai-stalwart-to-go-beyond-chips-and-b?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Takes A Page From Apple&#8217;s Playbook: Jensen Huang Wants AI Stalwart To Go Beyond Chips And Be One-Stop Shop For Data Center Clients</a>
Instead, Tesla, as a member of the AI sector, is undergoing a similar downturn to those of these other AI stocks, Black stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It would be easy to conclude Elon is selling <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> shares (-5.5%) today to plug the X liquidity hole before the 3Q trading window closes, but I don't think it's that. More likely, the <a href="https://twitter.com/search?q=%24AVGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AVGO</a> guidance miss (-9.7%) is causing a lot of AI stocks to sell off ( <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> -4.5%, <a href="https://twitter.com/search?q=%24AMD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMD</a>…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1832078233782612456?ref_src=twsrc%5Etfw">September 6, 2024</a></blockquote>
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Why It Matters: Previously, it was reported that despite the industry-wide downturn, Tesla has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40750932/tesla-bull-asks-investors-to-temper-expectations-concerning-robotaxi-day-but-reiter">expanded its ancillary businesses</a>. The EV giant has also gained favor by <a href="https://www.benzinga.com/markets/equities/24/09/40747427/tesla-won-some-brownie-point-by-not-doing-anything-wrong-like-gm-volkswagen-says-industry-watche">avoiding missteps like those</a> made by General Motors and Volkswagen.
However, the AI sector, including Tesla, has been impacted by a broader sell-off, as evidenced by the <a href="https://www.benzinga.com/markets/equities/24/09/40746353/nvidia-super-micro-arm-tumble-2-in-premarket-most-chip-peers-deep-in-red-whats-dragging-down-sem">sharp premarket trading drop</a> in Nvidia stock on Friday.
Nvidia saw a dramatic <a href="https://www.benzinga.com/24/09/40713834/nvidias-shocking-279-billion-market-value-loss-is-just-the-tip-of-the-iceberg-as-stock-performance-h">$279 billion decline in its market value</a> shortly after the company announced its quarterly financial results.
Despite sales doubling, the results fell short of investor expectations. The news led to a 2.1% drop in the S&amp;P 500—its largest single-day decline since early August.
That said, September is <a href="https://www.benzinga.com/24/09/40676774/september-market-seasonality-why-this-month-is-historically-the-toughest-for-investors">known for increased volatility</a> and market corrections, making this turbulence not unusual for U.S. stocks.
Price Action: Tesla shares closed Friday&#8217;s trading session significantly down by 8.45% at $210.73. In after-hours trading, the stock climbed slightly, reaching $211.50, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/24/09/40714060/predicting-massive-returns-robert-kiyosaki-sees-up-to-15-000-upside-in-these-assets?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Predicting Massive Returns – Robert Kiyosaki Sees Up To 15,000% Upside In These Assets</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image made via photos on Shutterstock

Analyst Color

AVGO

MRVL

Did A Potential Stock Sale By Elon Musk Lead To Fall In Tesla Shares? Top Analyst Says It Could Instead Be Because Of Broader Selloff In AI Stocks

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO Elon Musk updated his 2020 forecast regarding the future of electric and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36882313/tesla-bull-cathie-woods-ark-invest-sees-95-100-of-all-vehicles-on-roads-as-evs-by-2">fully autonomous vehicles</a>.
What Happened: On Friday,&nbsp;Musk responded&nbsp;to a video about his 2020 prediction&nbsp;on the future of electric&nbsp;and fully autonomous cars.
In the video, Musk can be seen predicting that by 2040, all cars produced will&nbsp;be electric and fully autonomous.&nbsp;
&#8220;As it is right now only a couple of percent of new car production is electric and at least right now no new car production is fully autonomous. But 20 years from now, probably essentially 100% electric, 100% fully autonomous,&#8221; he said back then.
Responding to the video, Musk revised his prediction, suggesting that around 99% of&nbsp;cars produced by 2040 will&nbsp;be electric and fully autonomous, rather than 100% as he had previously stated.
He said,&nbsp;&#8220;Easy prediction. All is a&nbsp;strong word, but ~99% is&nbsp;probably right.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Easy prediction. All is a strong word, but ~99% is probably right.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1832157086815547749?ref_src=twsrc%5Etfw">September 6, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/40673148/t-mobile-customers-will-get-starlink-satellite-internet-directly-on-their-mobiles-first-and-others-o?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">T-Mobile Customers Will Get Starlink Satellite Internet Directly On Their Mobiles First And Others Only Later, Says SpaceX CEO Elon Musk</a>
Why It Matters: Earlier this year in March, Musk estimated that it will take at least a decade before most cars on the road <a href="https://www.benzinga.com/news/24/03/37682042/elon-musk-says-it-will-be-a-decade-before-most-cars-are-self-driving-there-is-a-more-immediate-conce">are self-driving</a>.
He acknowledged that concerns about self-driving technology are valid but suggested that these issues can be addressed over the next ten years. 
The following month, he&nbsp;reiterated&nbsp;that <a href="https://www.benzinga.com/news/24/04/38088614/elon-musk-says-tesla-will-be-happy-to-license-fsd-to-rivals-but-no-automaker-seems-interested-right">Tesla would be "happy" to license</a> its full self-driving (FSD) technology to other car companies, but no automaker seemed interested at the time. 
Later in April, Musk&nbsp;hinted&nbsp;that Florida could be the <a href="https://www.benzinga.com/news/24/04/38376273/maybe-elon-musk-hints-driverless-teslas-may-debut-in-this-us-state-but-bugs-will-take-few-months-to">first U.S. state where Tesla introduces</a> driverless FSD, citing the state's relatively easier laws regulating autonomous vehicles. 
Meanwhile, industry experts have&nbsp;highlighted&nbsp;<a href="https://www.benzinga.com/news/events/24/09/40751931/the-cars-are-there-but-the-challenge-is-infrastructure-says-expert-on-ev-adoption-hurdles">infrastructure as a significant hurdle</a> to wider EV adoption.
Erin Keating, executive analyst at Cox Automotive, noted that EV sales are surpassing traditional vehicle sales, with a 7% increase in July and an 11.3% year-over-year rise.
Despite this growth, Keating highlighted the ongoing issue of inadequate charging infrastructure. Many potential EV buyers, especially those in apartments or without home garages, struggle with limited access to charging stations.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/09/40700719/boeing-starliner-return-sunita-williams-and-butch-wilmore-prepare-spacecraft-for-uncrewed-journey-ba?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Boeing Starliner Return: Sunita Williams And Butch Wilmore Prepare Spacecraft For Uncrewed Journey Back To Earth</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

In 2020 Elon Musk Predicted That 100% Cars Produced By 2040 Will Be Electric And Fully Autonomous. Now He Says '99% Is Probably Right'

The U.S. Justice Department (DOJ) is looking into 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&#8217;s AI strategy to assess the potential modifications it may request for addressing the <a href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report">company&#8217;s dominance in the search market</a>.
What Happened: The DOJ&#8217;s request was made&nbsp;during a hearing on Friday&nbsp;in a federal court in&nbsp;Washington, DC. The hearing was overseen by&nbsp;Judge Amit Mehta, who&nbsp;ruled in favor of the&nbsp;DOJ, declaring Google as an illegal monopolist, <a href="https://www.theverge.com/2024/9/6/24237760/doj-google-search-antitrust-remedies-artificial-intelligence">reported</a> The Verge.
The trial has now entered&nbsp;the remedies phase, where the&nbsp;government will propose solutions to&nbsp;rectify&nbsp;the illegal behavior and restore&nbsp;competition in&nbsp;the market. 
DOJ attorney David&nbsp;Dahlquist stated that the government requires more discovery to comprehend the recent state of Google&#8217;s business.
See Also: <a href="https://www.benzinga.com/news/24/09/40722943/microsoft-customers-reportedly-ditching-copilot-ai-office-tools-but-top-analyst-thinks-it-is-just-gr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft Customers Reportedly Ditching Copilot AI Office Tools But Top Analyst Thinks It Is Just &#8216;Growing Pains&#8217;</a>
The trial had previously covered deals Google made up to the early part of this decade, including a <a href="https://www.benzinga.com/markets/equities/24/05/38573998/how-much-is-google-really-paying-apple-to-be-default-search-engine-on-iphones-unsealed-court-pap">longstanding agreement</a> to provide search services on Apple Inc.&#8217;s products.
However, the DOJ&#8217;s research concluded just as Google and potential competitors like Microsoft Corp. were starting to introduce a new type of search product centered around generative AI.
The&nbsp;timeline for the remedies phase,&nbsp;which will include another trial-like&nbsp;proceeding, is yet to be agreed upon. 
Judge Mehta expressed his preference for the arguments to occur&nbsp;in the first half of&nbsp;next year.&nbsp;The parties are expected to&nbsp;submit&nbsp;a new scheduling proposal by&nbsp;next Friday, the report noted.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Last month, after the federal ruling that labeled Google as an illegal monopolist, an antitrust lawsuit was filed by Yelp Inc. <a href="https://www.benzinga.com/markets/equities/24/08/40618625/yelp-launches-antitrust-battle-against-google-after-federal-ruling-declares-search-giant-a-monop">against the search and advertising giant</a>.
Yelp alleged that Google is sustaining its monopoly in local search by prioritizing its services over those of its competitors. 
The crowd-sourced local business review and social networking site claimed that this practice has stifled competition and reduced the quality of local search results.
Despite the legal challenges, some analysts believe that <a href="https://www.benzinga.com/news/legal/24/08/40632500/googles-chances-of-getting-fined-in-search-adtech-lawsuits-relatively-low-analyst">Google may escape penalties</a> in two out of three antitrust suits it is currently facing.
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>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Google

Legal

DOJ Probes Google's AI Strategy As It Looks To Snap Its Monopoly In Search

On the back of her highly successful beauty brand, popular singer and actress&nbsp;Selena Gomez&nbsp;has joined the ranks of the youngest self-made female billionaires in the U.S.
What Happened: On Friday, Gomez&#8217;s net worth was estimated to be around $1.3 billion, which was largely attributed to her makeup line, Rare Beauty Brands Inc., <a href="https://www.bloomberg.com/news/articles/2024-09-06/selena-gomez-is-a-billionaire-after-rare-beauty-success-exclusive">reported</a> Bloomberg.
The 32-year-old &#8220;Same Old Love,&#8221; singer&#8217;s wealth also comes from her brand partnerships, acting deals, and her mental-health startup, Wondermind.
See Also:&nbsp;<a href="https://www.benzinga.com/general/biotech/24/09/40742928/apple-watch-saves-life-of-pregnant-woman-and-her-baby-that-information-is-like-gold?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Watch Saves Life Of Pregnant Woman And Her Baby: &#8216;That Information Is Like Gold&#8217;</a>
According to the report, Gomez has diversified her income sources &#8211; this is unlike her close friend Taylor Swift, who has accumulated her wealth primarily through her music.
&#8220;Selena is not just a pop star,&#8221; said Stacy Jones, CEO of Hollywood Branded, according to the report. &#8220;She's a multifaceted businesswoman with diverse income streams contributing to her impressive net worth.&#8221;
&#8220;You've got a real role model of how a celebrity can use their influence and expertise to both do good and create good business,&#8221; stated Brent Saunders, CEO of Bausch + Lomb Corp. and an investor in Gomez's Wondermind startup. &#8220;Selena epitomizes that,&#8221; she added, according to the report.
Why It Matters: Gomez began her career at a young age, appearing on&nbsp;Barney &amp; Friends&nbsp;before rising to fame as Alex Russo on Disney&#8217;s&nbsp;Wizards of Waverly Place.
After playing the role of a wizard in the show she led a successful music career with hits as the frontwoman of Selena Gomez &amp; the Scene, and later as a solo artist.
However, her path was not without obstacles. The singer has openly battled health issues, including a lupus diagnosis, which led to a kidney transplant in 2017. 
She has also faced mental health struggles. She has previously revealed her bipolar disorder diagnosis.
Read Next:&nbsp;
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</ul>
Photo courtesy: Shutterstock

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