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Intershop Holding AG is a Switzerland-based company that is principally engaged in Swiss commercial real estate business. The company's property portfolio is mainly located in the main business regions of Switzerland, especially in Zurich, Bern, and Geneva. The company's property portfolio consists of office property, education property, property for light industrial/logistics, retail property, residential property, and parking property, with office property and property for light industrial/logistics accounting for over two thirds of the total property portfolio.

INTERSHOP HLDGS AG NEW by Intershop Holdings AG

Intershop Holding AG

In the latest development in the ongoing hush money trial, former President Donald Trump has publicly voiced his criticism of the presiding judge, following the testimony given by his former lawyer, Michael Cohen.
What Happened: Trump expressed his dissatisfaction with the New York judge overseeing his case. He made these remarks upon leaving the courtroom where Cohen had been testifying for several hours, <a href="https://thehill.com/regulation/court-battles/4661264-angry-trump-blasts-judge-cohen-testimony/">reported</a> The Hill.
Several elected officials, including Sen. JD Vance (R-Ohio), Sen. Tommy Tuberville (R-Ala.), and the attorney general of Iowa, were present at the courthouse. When asked about their presence, Trump stated, &#8220;They think it's a terrible thing that is happening to democracy in this country.&#8221;
Trump also read from a document for approximately five minutes, which included comments from Republican lawmakers, legal pundits, and cable television commentators who expressed doubts about the case or defended the former president.
The case against Trump pertains to allegations of falsifying 34 business records related to a $130,000 hush money payment Cohen made to a porn actor to prevent her from discussing an alleged affair with Trump during his 2016 campaign.
&#8220;It's really a very sad day for the country. It's sad for New York,&#8221; said Trump, according to the report. Despite a gag order prohibiting Trump from commenting on witnesses, he criticized the judge, labeling him &#8220;corrupt&#8221; and &#8220;highly conflicted&#8221;. He accused the judge of hindering his ability to campaign.
See Also: <a href="https://www.benzinga.com/news/24/05/38776647/elon-musk-berates-gavin-newsom-after-california-governor-discloses-plans-to-cut-10-000-vacant-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Berates Gavin Newsom After California Governor Discloses Plans To Cut 10,000 Vacant State Jobs</a>
Why It Matters: The hush money trial has been a significant event, with Trump facing criminal charges related to falsifying business records for the alleged hush money payments. On Monday, key witness Michael Cohen testified to his <a href="https://www.benzinga.com/general/politics/24/05/38803382/trumps-erstwhile-lawyer-testifies-to-former-presidents-involvement-in-hush-money-payment-dont-wo">involvement in making payments</a> to several parties in a hush money scheme that could help eliminate damaging stories that would hurt Trump in the 2016 election.
Earlier, Trump had lashed out at the trial, calling it &#8216;fake&#8217; and stating that he would be <a href="https://www.benzinga.com/general/politics/24/05/38771094/trump-lashes-out-at-fake-hush-money-criminal-trial-ahead-of-michael-cohens-monday-testimony-id-b">proud to go to jail</a> for the Constitution. The trial continues to unfold, with the latest developments adding to the controversy surrounding the former president.
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38753994/cardano-founder-charles-hoskinson-says-voting-for-biden-is-a-vote-against-american-crypto-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cardano Founder Charles Hoskinson Says Voting For Biden Is A &#8216;Vote Against American Crypto Industry&#8217;</a>
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Trump Slams Judge, Defends Actions Following Michael Cohen's Testimony In Hush Money Trial: 'Really A Very Sad Day For The Country'

One of the things that adds to both the joy as well as the cost of travel is hotel stays. Staying at a great hotel not only makes your travel enjoyable, it can also elevate your overall experience. However, often, a great hotel experience comes at a steep cost.
But following these top tips can help you get the best deals on hotels when traveling.
See Also: <a href="https://www.benzinga.com/general/travel/24/05/38633292/love-free-food-at-airports-these-five-credit-cards-unlock-airport-lounges-around-the-world">Love Free Food At Airports? These Five Credit Cards Unlock Airport Lounges Around The World</a>
<h3 class="wp-block-heading">1. Book Early</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-1024x585.jpg" alt="" class="wp-image-332536" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10091945/Hotel-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a hotel &#x7C; Image generated using Dall-E</figcaption></figure>
One of the best ways to get the best prices on hotels (and flight tickets) is to book early. If you can plan ahead and reserve your booking early, hotels often offer much lower prices when compared to those who book just in time.
With that said, account for possible changes in your travel plans and look for hotels that offer refunds.
<h3 class="wp-block-heading">2. Use Hotel Booking Websites</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-1024x585.jpg" alt="" class="wp-image-332538" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092014/Hotel-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a hotel booking website &#x7C; Image generated using Dall-E</figcaption></figure>
Price comparison websites can help you evaluate the best hotels and rooms that suit your requirements and travel plans. Hotels also sell a part of their capacity to third parties at lower prices, who then pass on some of these benefits to customers.
Take advantage of these deals and score a healthy discount.
<h3 class="wp-block-heading">3. Register For Alerts On Discounts And Coupons</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-1024x585.jpg" alt="" class="wp-image-332540" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092035/Hotel-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of hotel deals &#x7C; Image generated using Dall-E</figcaption></figure>
Hotels and third-party sellers often have discounts and limited-period coupons that they give to their subscribers or previous customers. If you are planning a hotel stay, these coupons can come in handy.
All it takes is for you to register using your email address. If you don't need these coupons, you can always delete those emails, but when you do need them, they are as good as free money.
<h3 class="wp-block-heading">4. Hotel Loyalty Programs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-1024x585.jpg" alt="" class="wp-image-332544" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092102/Hotel-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a hotel loyalty program &#x7C; Image generated using Dall-E</figcaption></figure>
Many hotels offer loyalty programs to their customers. You can consider joining one since you can earn loyalty points every time you visit these hotels.
You can then redeem these points toward your future stays and also get free room upgrades here and there.
Some of these programs include Marriott Bonvoy, World of Hyatt, and Hilton Honors.
<h3 class="wp-block-heading">5. Try To Get Package Deals</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-1024x585.jpg" alt="" class="wp-image-332546" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092129/Hotel-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a package hotel deal &#x7C; Image generated using Dall-E</figcaption></figure>
When you're traveling to a new city or country, your hotel can often be the best place for you to be the most comfortable. Hotels understand this and offer package deals that can include benefits like food as well as travel services.
Since it's a package deal, your overall cost is likely to be lower than if you were to arrange for your own food and travel.
<h3 class="wp-block-heading">6. Look For Credit Card Reward Programs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-1024x585.jpg" alt="" class="wp-image-332549" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10092147/Hotel-6.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a credit card &#x7C; Image generated using Dall-E</figcaption></figure>
Credit card reward programs are another great way to save money while spending and traveling. You can check out our <a href="https://www.benzinga.com/general/travel/24/05/38633292/love-free-food-at-airports-these-five-credit-cards-unlock-airport-lounges-around-the-world">list of the best credit cards</a> you can apply for right now to start accumulating reward points and airline miles, to redeem them for discounts, and in many cases, free hotel stays.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38335897/no-us-city-makes-the-cut-where-are-the-10-best-airports-in-the-world" target="_blank" rel="noreferrer noopener">No US City Makes The Cut! Where Are The 10 Best Airports In The World?</a>
Photo courtesy: Unsplash

Travel

Save Big On Hotels: 6 Insider Tips For Scoring Best Hotel Deals While Traveling

TIRX

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

Advent Technologies Holdings, Inc. - Warrant

ADNWW

Safe Harbor Financial Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shfs#NASDAQ">SHFS</a>) reported a 245% year-over-year increase in net income to approximately $2.0 million for the first quarter of 2024. This is a significant change from a net loss of $1.4 million in the same period <a href="https://www.benzinga.com/markets/cannabis/23/11/35791231/safe-harbor-financial-revenue-soars-82-11-processed-1b-in-cannabis-related-funds-this-year">last year</a>.
CEO Sundie Seefried noted the company&rsquo;s strategic initiatives and diversified income base, particularly through its lending program. &quot;We have nearly tripled our loan book year-over-year, driving a 251% increase in our loan income to $1.64 million,&quot; Seefried <a href="https://www.globenewswire.com/news-release/2024/05/13/2880881/0/en/Safe-Harbor-Financial-Announces-First-Quarter-2024-Results.html">stated</a>.
<h3>Revenue And Gross Profit</h3>
The<a href="https://www.benzinga.com/markets/cannabis/24/04/38036311/financial-service-provider-in-cannabis-reports-4q-2023-results-annual-revenue-up-by-85-3"> company&rsquo;s revenue</a> for the quarter was approximately $4.1 million, slightly down from $4.2 million in the first quarter of 2023.
Safe Harbor recorded a gross profit of approximately $325,000, compared to a gross loss of $1.6 million in the prior year period.
<h3>Operating Expenses And Adjusted EBITDA</h3>
<a href="https://www.youtube.com/watch?v=jcX1mwuohT8">Operating expenses</a> decreased by 35.8% to $3.7 million, compared to $5.8 million in the same period last year.
Adjusted EBITDA for the quarter increased by 165.3% to approximately $1.1 million, up from $410,000 in the first quarter of 2023.
Scanning through cannabis spreadsheets can take some time. To learn more about investing, don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
<h3>Operational Highlights And Future Outlook</h3>
Safe Harbor&rsquo;s first-quarter operational activities included originating a $9 million first-lien secured loan for a cultivation facility in Denver, Colorado&nbsp;and a $4.6 million secured credit facility for a <a href="https://www.benzinga.com/topic/michigan-cannabis">Michigan</a> cannabis operator.
With the potential <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38657697/post-cannabis-rescheduling-whats-next-for-marijuana-giants-potential-1-1b-cash-flow">reclassification of cannabis from a Schedule I to a Schedule III </a>substance, Safe Harbor anticipates an increase in capital flowing into financial institutions. This regulatory shift could enhance demand for Safe Harbor&rsquo;s financial services.
Photo: AI-Generated Image.&nbsp;

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Safe Harbor Financial's 245% YoY Q1 Net Income Boost, Anticipates Capital Increase With Possible Rescheduling

Video game retail stock GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) was one of the biggest<a href="https://www.benzinga.com/general/gaming/23/01/30412695/gamestop-short-squeeze-anniversary-a-look-back-at-david-vs-goliath-battle-and-whats-next"> financial storylines of 2021.</a>
A movie based on the storyline put the stock back in the spotlight in 2023 and the stock is soaring once again thanks to the social media return of a key character in the GameStop saga.
What Happened: GameStop investor Keith Gill, also known as &#8220;Roaring Kitty&#8221; on social media and YouTube, and DeepF&#x2A;&#x2A;&#x2A;ingValue on Reddit, made<a href="https://www.benzinga.com/markets/equities/24/05/38787490/gamestop-shares-surge-as-roaring-kitty-resurfaces-after-3-year-silence"> his return to social media </a>on May 12, 2024.
The X, formerly known as Twitter, <a href="https://twitter.com/TheRoaringKitty">account </a>of &#8220;Roaring Kitty&#8221; shared a meme on Sunday and went on to post 11<a href="https://www.benzinga.com/general/gaming/24/05/38798005/roaring-kitty-doubles-down-posts-new-videos-on-x-sending-gamestops-stock-higher"> videos with clips</a> from famous movies and words on screen, as of the time of writing.
GameStop stock soared in response to the posts and &#8220;Roaring Kitty's&#8221; return with shares closing up 74.40% to $30.45 Monday at market close and hitting new 52-week highs of $38.20 during the intraday session.
In 2021, GameStop stock had its moment in the spotlight with a short squeeze of epic proportions that saw retail traders buy shares and fight against hedge funds who had shorted the stock in an epic battle akin to David vs. Goliath.
The storyline was turned into several documentaries and docuseries and also inspired the book "The Antisocial Network: The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to its Knees" by Ben Mezrich.
Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>)<a href="https://www.benzinga.com/general/entertainment/23/06/32975000/gamestop-film-dumb-money-stars-paul-dano-pete-davidson-seth-rogen-cast-details-first-traile"> released a theatrical film</a>, &#8220;Dumb Money,&#8221; based on Mezrich's book on Sept. 15, 2023.
With GameStop shares trading at $18.61 at the time of the theatrical release, an investor could have bought 53.73 GME shares with $1,000. That $1,000 investment would be worth $1,687.12 today, up 68.7% in eight months.
Compare that to the +16.1% return of the SPDR S&amp;P 500 ETF Trust, which tracks the S&amp;P 500 over the same time period.
Related Link:<a href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock"> Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?</a>
Why It's Important: The theatrical release sparked optimism that GameStop shares could rally and see old and new investors get attached to the video game stock once again.
Author Mezrich encouraged people to go to theaters and support several other "meme stocks"<a href="https://www.benzinga.com/general/entertainment/23/09/34502730/traders-should-go-to-amc-bring-stuff-from-bed-bath-beyond-carry-blackberry-phones-dumb-mone"> at the time.</a>
The movie grossed $13.9 million domestically and $20.7 million worldwide according to data from <a href="https://www.boxofficemojo.com/title/tt13957560/?ref_=bo_se_r_1">BoxOfficeMojo</a>. The film starred Paul Dano as Gill and also featured actors including Pete Davidson, Vincent D'Onofrio, America Ferrera, Seth Rogen, Anthony Ramos, Sebastian Stan and Nick Offerman.
The film was later released on streaming platform Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>). It had a <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/36900320/gamestop-meme-coin-soars-in-value-gains-interest-how-netflix-short-squeeze-anniversary-tim">surge in popularity</a> in its initial release and may have contributed to a meme cryptocurrency based on GameStop trading higher.
While the film's release didn't lead to a huge rally in GameStop shares, investors who bought the stock at the time of the release and held on are now up significantly thanks to the social media return of Gill.
Gill's return <a href="https://www.benzinga.com/news/24/05/38789552/are-meme-stocks-back-heres-whats-going-on-with-shares-of-gamestop-amc-entertainment-koss-corp-and-mo">saw meme stocks</a> trade higher and<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38797959/keith-gills-roaring-kitty-comeback-sparks-1400-surge-of-kitty-themed-meme-coin"> several meme cryptocurrencies </a>trade higher on Monday.
Questions remain if Gill will continue to make posts on X, return to making videos on YouTube and if the rally in GameStop stock can be sustained.
The ending of "Dumb Money" previously said Gill "retreated from public life." Based on his social media posts, he could be returning to the spotlight.
Read Next: <a href="https://www.benzinga.com/news/24/05/38801786/gamestop-trader-roaring-kitty-sparks-wall-street-rally-in-heavily-shorted-stocks-what-you-need-to-kn">GameStop Trader &#8216;Roaring Kitty&#8217; Sparks Wall Street Rally In Heavily Shorted Stocks: What You Need To Know Right Now</a>
Photo: Paul Dano in &#8220;Dumb Money&#8221; via IMDb

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If You Invested $1,000 In GameStop Stock When 'Dumb Money' Was Released In Movie Theaters, Here's How Much You'd Have Today

The average American household savings stands at $62,500, according <a href="https://www.federalreserve.gov/econres/scfindex.htm">to</a> the latest Survey of Consumer Finances by the Federal Reserve. This means when you touch the $100,000 savings mark, you've outperformed the average American household and have a milestone to celebrate.
But the next challenge is keeping yourself above this mark, and growing your savings. It's far easier to lose savings that you've toiled for several years, which makes it all the more important to avoid some of the most common mistakes people do.
Here are five mistakes you should avoid when your savings touch $100,000.
<h3 class="wp-block-heading">Stop Saving Money</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-1024x585.jpg" alt="" class="wp-image-335154" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101723/Saving-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a person stopping saving money &#x7C; Photo generated using Dall-E</figcaption></figure>
Some people tend to neglect savings after reaching a certain milestone. It's possible to be proud of yourself for saving $100,000, but it's worth remembering that this is not the last milestone you need to reach.
<h3 class="wp-block-heading">Making Expensive Lifestyle Changes</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-1024x585.jpg" alt="" class="wp-image-335130" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101349/Saving-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of an expensive lifestyle &#x7C; Photo generated using Dall-E</figcaption></figure>
Another common mistake is many people make sudden and expensive lifestyle changes after reaching a certain level of savings. People can get comfortable knowing they have $100,000 in their bank account and investments, but it's easy to spend it all away.
It's easier to spend away all your savings than it is to save it again.
<h3 class="wp-block-heading">Keeping All Your Money In A Savings Account</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-1024x585.jpg" alt="" class="wp-image-335133" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101419/Saving-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of saving money &#x7C; Photo generated using Dall-E</figcaption></figure>
Savings accounts are not the best place to keep your money, especially when you have a large sum such as $100,000. Leaving all of that in a savings account with a relatively lower rate of interest than other assets with better returns is doing yourself a disservice.
Given how inflation reduces the purchasing power of money, it's important to make sure the rate of return beats it.
<h3 class="wp-block-heading">Not Diversifying Your Investments</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-1024x585.jpg" alt="" class="wp-image-335137" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101447/Saving-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of diverse investments &#x7C; Photo generated using Dall-E</figcaption></figure>
It's easy to put all your money in a single investment or asset if you think it will double or triple or give you multi-bagger returns. However, it's important to avoid that temptation and diversify your investments in a risk-managed portfolio.
This will strike a better balance between the risk and reward. It allows you to capture other possible growth areas while reducing the possibility of a speculative investment wiping out all your savings.
<h3 class="wp-block-heading">Not Planning Your Finances</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-1024x585.jpg" alt="" class="wp-image-335139" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13101509/Saving-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of financial planning &#x7C; Photo generated using Dall-E</figcaption></figure>
Financial planning is just as important as saving money. After you touch the $100,000 savings mark, it's essential to have a plan to increase it.
This can be done in two ways – investing in assets that deliver better returns than inflation and increasing the rate of savings.
If you were saving 15% of your monthly income, it's time to step it up to 17%, 20%, and so on. The more you can save, the better it is for a rainy day, and eventually, your retirement.
Photo courtesy: Unsplash

Personal Finance

Hit $100K In Savings? Avoid These 5 Costly Traps That Could Derail Your Financial Future

A new election poll of voters in key swing states shows who could have the best shot between President Joe Biden and Donald Trump to win the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
 What Happened: Trump and Biden are the likely contenders facing off against each other in the 2024 presidential election, in what will be a rematch of the 2020 election won by Biden. <a href="https://www.benzinga.com/general/sports-betting/24/04/38417836/trump-and-biden-get-ready-2024-election-betting-odds-point-to-major-showdown">Betting odds</a> and most election polls point to a close race.
Deciding factors for the election could include young voters, voter turnout and the results of several <a href="https://www.benzinga.com/topic/swing-states">key swing states.</a>
A new Siena College/New York Times <a href="https://www.nytimes.com/2024/05/13/us/politics/biden-trump-battleground-poll.html">poll </a>shows the results of how voters in six key swing states would vote if the election were held today.
The results are:
Arizona: 42% Biden, 49% Trump
Georgia: 39% Biden, 49% Trump
Michigan: 42% Biden, 49% Trump
Nevada: 38% Biden, 50% Trump
Pennsylvania: 44% Biden, 47% Trump
Wisconsin: 47% Biden, 45% Trump
The results see Trump leading in five of the six key states, with dominant leads in several of the states. Biden leads in the state of Wisconsin by a two-point margin.
The poll showed that when voters who said they were likely to vote in the 2024 election were included, Biden leads two states, gaining the state of Michigan.
Including independent candidate Robert F. Kennedy Jr. as a possible selection also saw a similar results with Trump winning five of the six states.
Related Link: <a href="https://www.benzinga.com/general/politics/24/05/38718471/trump-vs-biden-2024-election-poll-shows-tie-broken-which-candidate-gains-support-from-his-party-">Trump Vs. Biden: 2024 Election Poll Shows Tie Broken — Which Candidate Gains Support From His Party, Independent Voters?</a>
Why It's Important: The poll finds that many voters are still uneasy about the current state of the economy and it could be influencing their 2024 presidential election vote.
Poll findings show that many Americans feel uneasy having Biden in a second term and seeking to have a return to normalcy. Around 25% of voters list the economy and the cost of living as the top issue in the 2024 election.
Around 50% of those polled said that the economy is "poor," which is similar to the same poll conducted back in November. Even with inflation easing and the stock market trading higher, American voters see the economy as negative and a deciding factor in potentially voting against Biden.
Many voters see Trump doing a better job in leading the country when it comes to the economy according to the poll.
Around 70% of those polled said the country's political and economic systems need major changes.
Most swing state polls from other outlets have included seven states with the six mentioned above and the state of North Carolina.
A recent swing state poll of the seven states <a href="https://www.benzinga.com/general/politics/24/04/38537950/trump-vs-biden-former-president-holds-lead-in-all-7-swing-states-which-candidate-does-robert-f-k">from Emerson College</a> showed Trump leading in all the key voter markets. Trump's lead was one point in several territories, suggesting a close race.
These <a href="https://www.benzinga.com/general/politics/24/03/37884006/trump-vs-biden-key-swing-states-arizona-nevada-michigan-wisconsin-show-close-races-heres-the-rol" target="_blank" rel="noreferrer noopener">seven swing states&nbsp;</a>together represent 93 electoral votes in the 2024 election. Six of the seven swing states were won by Biden in the 2020 election, with Trump winning North Carolina. Five of the seven swing states won by Biden in 2020 flipped from Trump's win in 2016, including Arizona, Michigan and Wisconsin.
The six states in this poll were all won by Biden in the 2020 election.
Read Next: <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">Trump&#8217;s Next Vice President? Doug Burgum Could Go From 1% Republican Voter Support To White House</a>
Photo: Shutterstock
Editor&#8217;s Note: Pennsylvania was originally left out in the article&#8217;s poll results.

Trump Vs. Biden: New Swing State Poll Reveals Winner, One Key 2024 Election Issue Could Influence Result (Updated)

A panel of Ohio lawmakers cleared 11 administrative rules on Monday for the state's medical and recreational marijuana programs, including one that spells out how existing medical marijuana retailers can apply for dual-use medicinal and recreational dispensary licenses.
The move, undertaken by the Joint Committee On Agency Rule Review (JCARR), puts Ohio adults one step closer to being able to legally purchase cannabis in dispensaries and shops, following <a href="https://www.benzinga.com/markets/cannabis/23/11/35664155/ohio-legalizes-cannabis-and-overwhelmingly-approves-abortion-rights">last November's legalization</a> of recreational marijuana.
A separate rule also cleared on Monday noted existing dispensaries seeking dual licensees need to fill out and present applications no later than June 7. If approved they will be allowed to sell to medical marijuana patients as well as adults, <a href="https://www.cleveland.com/news/2024/05/coming-soon-recreational-marijuana-dispensary-applications-go-live-in-june-after-state-panel-oks-rule.html">noted</a> Cleveland.com.
Rep. Jamie Callender (R), vice chair of JCARR and outspoken <a href="https://www.benzinga.com/markets/cannabis/23/08/34119078/gop-disputes-and-a-few-threats-notwithstanding-ohioans-of-all-stripes-support-legal-cannabis">supporter of legal cannabis</a>, thanked the head of the Division of Cannabis Control (DCC) for "the work you've put in on this — for doing this timely and to help move forward the will of the voters, and we look forward to watching these rules go into effect in a couple of weeks."
Callender, who <a href="https://www.benzinga.com/markets/cannabis/24/04/38193598/gop-congressman-in-ohio-says-retail-weed-sales-to-begin-before-july-4th-weekend-collective-joy-e">said in April </a>that sales should begin at least on July 4, added that regulators assured him that they would have applications online before the new rules' June 7 deadline and he's optimistic that sales will begin by mid-June.
James Canepa, who was selected to serve as the <a href="https://www.benzinga.com/markets/cannabis/24/03/38008197/gop-bickers-over-legal-marijuana-program-in-ohio-as-cleveland-cannabis-school-becomes-first-in-n">first superintendent</a> of the DCC, previously said the legislature's delayed action could complicate regulators' work to effectively stand up the new market.
<h1 class="wp-block-heading">It's Been A Slog</h1>
As of just one month ago, Ohio House leaders said the legislature could not and likely would not find common ground on how and when to move legal cannabis forward.
For months, Republican Gov. Mike DeWine, who is not now nor has even been a supporter of marijuana legalization, nevertheless routinely urged lawmakers to pass regulations and get the show on the road. 
"What we don&#8217;t want is a situation where the black market grows and we don&#8217;t want a situation really where people don&#8217;t know what the rules are, and we just need to get this done,&#8221; Gov DeWine said at several points and in various ways during the negotiations between the state GOP-dominated House and Senate.
Now Read: <a href="https://www.benzinga.com/markets/cannabis/24/05/38798052/gop-governors-in-vermont-and-alaska-to-weigh-in-on-psychedelic-assisted-therapy-task-force-bills">GOP Governors In Vermont And Alaska To Weigh In On Psychedelic-Assisted Therapy Task Force Bills</a>

Government

Regulations

GOP Lawmakers In Ohio Finally Approve Rules Allowing Cannabis Sales To Begin In June, Existing Medical Marijuana Dispensaries Can Join In

According to a new study published in Science Advances, fifty-six brands led by&nbsp;Coca-Cola&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>), PepsiCo (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>), and Nestl&eacute; (SWX: NESN) are responsible for more than half of the plastic pollution found across the globe.
The study reveals a direct correlation between the companies&#39; annual plastic production and their contribution to branded plastic pollution.
Annually, about 400 million tons&nbsp;of plastic waste are generated, most of which does not decompose, biodegrade&nbsp;or compost. Instead it accumulates&nbsp;in landfills and aquatic environments.
Alarmingly, the equivalent of<a href="https://www.unep.org/plastic-pollution"> 2,000 garbage trucks full of plastic </a>is dumped into the world&#39;s oceans, rivers&nbsp;and lakes daily, leading to increased human ingestion of <a href="https://www.axios.com/2024/01/10/plastic-particles-bottled-water-pollution">nanoplastic particles</a>, with potential health risks yet to be fully understood.
This extensive <a href="https://www.washingtonpost.com/climate-environment/2024/04/24/plastic-pollution-companies-responsible/">research</a> involved over 100,000 volunteers worldwide who cataloged 1.8 million pieces of plastic waste, underscoring the significant environmental impact of these major corporations.
<h3>Corporate Responses And Hemp Bioplastics</h3>
To address their environmental impacts, Coca-Cola has pledged to make its packaging fully recyclable by 2025 and to use at least 50% recycled materials by 2030. Similarly, PepsiCo and Nestl&eacute; are pushing for stronger global policies on plastic waste management.
However, the <a href="https://www.science.org/doi/10.1126/sciadv.adj8275">study suggests</a> traditional strategies may be insufficient. This has spurred interest in sustainable alternatives like hemp bioplastics, which are biodegradable and offer a <a href="https://www.benzinga.com/general/biotech/24/02/37271000/u-s-army-invests-1-9m-to-develop-hemp-manufactured-buildings-for-military-operations">reduced environmental footprint</a>, potentially revolutionizing the packaging industry.
<h3>Why Hemp Is An Alternative To Plastics?</h3>
Hemp, a sustainable and rapidly renewable resource, can be transformed into bioplastics that are both<a href="https://www.benzinga.com/markets/emerging-markets/17/05/9405826/why-hemp-could-be-the-future-of-plastics"> biodegradable</a> and non-toxic.
Unlike traditional plastics derived from fossil fuels, hemp bioplastics decompose naturally, leaving minimal environmental impact. This makes hemp an appealing option for companies looking to reduce their ecological footprint and comply with global sustainability standards.
Moreover, hemp bioplastics can be integrated into <a href="https://www.benzinga.com/general/biotech/24/04/38367354/ohio-hemp-company-re-greening-the-rust-belt-with-bioplastics-option-for-midwest-auto-industry">existing manufacturing processes </a>without significant alterations, offering a seamless transition aeway from conventional plastics.
With their robust and durable nature, <a href="https://www.benzinga.com/topic/hemp">hemp bioplastics</a> can be used in a wide range of applications, from packaging to automotive parts, potentially revolutionizing the industry and contributing to a more <a href="https://www.benzinga.com/markets/cannabis/24/04/38327403/usda-hemp-market-report-shows-stability-and-growth-amid-challenges">sustainable future</a>.
As negotiations for a global plastics treaty continue, the role of hemp bioplastics could become central in achieving the dual goals of economic development and environmental sustainability.
Photo: AI-Generated Image.&nbsp;

Biotech

Entrepreneurship

Coca-Cola, PepsiCo And Nestlé Are Top Plastic Polluters: Is Hemp The Answer To Nanoplastics In The Oceans??

Meme stocks have once again captured the spotlight in the financial market following the return of Keith Gill — known widely as &#8220;Roaring Kitty&#8221;— to social media after <a href="https://www.benzinga.com/general/gaming/24/05/38798005/roaring-kitty-doubles-down-posts-new-videos-on-x-sending-gamestops-stock-higher">a three-year hiatus. </a>
For those unfamiliar, Gill is a pivotal figure in the meme stock phenomenon that took the financial world by storm in early 2021. As an individual investor and financial analyst, he became famous for his role in the explosive rise of GameStop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GME#NASDAQ">GME</a>)&#8217;s stock price.
The struggling video game retailer saw its shares soar from under $20 to nearly $500 at their peak in January 2021, largely driven by a short squeeze on investors who had bet against the stock amid weak fundamentals. 
Unlike traditional stocks, which are influenced by fundamental analysis and corporate performance, meme stocks are often subject to rapid price changes driven by hype <a href="https://www.benzinga.com/news/24/05/38795608/gamestop-leads-roaring-rally-whats-going-on-with-meme-stocks">and mass trading actions.</a>
Gill chronicled his investment journey across various platforms, including YouTube and Reddit, notably under the username u/DeepF&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;Value on the subreddit r/WallStreetBets. His philosophy is emblematic of a broader narrative about meme stocks and the democratization of investing, illustrating how individual investors can unite to disrupt the financial status quo of seasoned and large investors.
Gill&#8217;s resurgence on X (formerly known as Twitter) on May 13, sparked a viral reaction. A posted image of a man intensely focused on a video game, adopting a serious gaming stance, served as a metaphor for Gill&#8217;s impactful return to the public eye.
The post has attracted considerable attention, amassing over 10K retweets, 24K quote tweets, 94K likes, and over 19 million views, highlighting its widespread appeal and significance.
<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/YgjVqtgcNS">pic.twitter.com/YgjVqtgcNS</a>
&mdash; Roaring Kitty (@TheRoaringKitty) <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">GameStop, AMC Skyrocket</figcaption></figure>
As a result, GameStop&#8217;s share price soared by 74% on Monday, representing the fourth-largest one-day gain since the company&#8217;s IPO in 2002. This surge trails only behind the spikes of 104% on Feb. 21, 2021, 135% on Jan. 27, 2021, and 93% on Jan. 26, 2021.
Similarly, other meme-related stocks experienced significant increases. AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) saw its shares climb nearly 80%, marking its most substantial single-day rise since June 2021, the third strongest in its history. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-1024x495.png" alt="" class="wp-image-335826" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/13161419/image-65.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h1 class="wp-block-heading">Meme-Stock Related ETFs Overview</h1>
Investors looking to capitalize on the volatility and potential high returns of these stocks can consider meme-stock-related exchange-traded funds (ETFs).

<h1 class="wp-block-heading">Schwab Crypto Thematic ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STCE#NYSE">STCE</a>)</h1>
<ul>
<li>Description: This ETF invests in key cryptocurrency companies and includes meme-related stocks, blending digital finance with viral market trends.</li>
<li>Top Holdings: MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</li>
<li>1-Day Return (May 13, 2024): 2.99%</li>
<li>Top Performers: AMC Entertainment Holdings, Inc., GameStop Corp., Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>)</li>
</ul>

<h1 class="wp-block-heading">SoFi Social 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFYF#NYSE">SFYF</a>)</h1>
<ul>
<li>Description: Tracks the top 50 stocks held in SoFi's self-directed accounts, highlighting popular choices among retail investors, including frequent meme stock picks.</li>
<li>Top Holdings: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>1-Day Return (May 13, 2024): 2.1%</li>
<li>Top Performers: GameStop Corp., Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</li>
</ul>

<h1 class="wp-block-heading">VanEck Vectors Social Sentiment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUZZ#NYSE">BUZZ</a>)</h1>
<ul>
<li>Description: Utilizes AI to analyze online content and select the 75 large-cap stocks with the most positive investor sentiment each month, reflecting current market trends.</li>
<li>Top Holdings: Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)</li>
<li>1-Day Return (May 13, 2024): 0.9%</li>
<li>Top Performers: Rivian Automotive, Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</li>
</ul>

Now Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38792909/bitcoin-mining-stocks-marathon-digital-riot-platforms-and-cleanspark-are-moving-monday-wha">Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark Are Moving Monday: What&#8217;s Going On?</a>
Photo: Shutterstock

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

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As 'Roaring Kitty' Returns, Here Are 3 ETFs To Leverage The 2024 Meme Stock Wave

The Martha's Vineyard island in <a href="https://www.benzinga.com/topic/massachusetts-cannabis" target="_blank" rel="noreferrer noopener">Massachusetts</a> faces a cannabis crisis as Fine Fettle, the island&#8217;s only cannabis cultivation and dispensary operation, plans to close. State regulators are exploring alternatives to prevent a supply shortage that could push consumers towards the black market.
<h3 class="wp-block-heading">Impact Of Federal Regulations On Island Cannabis Supply</h3>
The state's Cannabis Control Commission (CCC) is leading efforts to address the logistical hurdles of transporting cannabis to the island. Federal regulations still prohibit the transportation of cannabis over water and air, with the U.S. Coast Guard enforcing these laws, <a href="https://www.benzinga.com/markets/cannabis/24/05/38678043/dea-and-cannabis-rescheduling-a-rollercoaster-ride-you-dont-want-to-miss-but-keep-your-seatbelts" target="_blank" rel="noreferrer noopener">as cannabis remains classified as an illegal substance</a>. Even though Martha&#8217;s Vineyard is just four miles from the Massachusetts mainland, it is only accessible by ferry or plane. Nevertheless, dispensaries on Martha&#8217;s Vineyard rely on locally grown cannabis, a supply that is set to disappear with Fine Fettle&#8217;s impending closure, <a href="https://vineyardgazette.com/news/2024/05/10/state-prioritizes-vineyard-marijuana-access-wake-closure?utm_source=www.cultivated.news&amp;utm_medium=newsletter&amp;utm_campaign=big-shakeup-for-new-york-cannabis" target="_blank" rel="noreferrer noopener">reported</a> The Vineyard Gazette.
"We do have quite a bit of inventory, and it's fresh and good," <a href="https://vineyardgazette.com/news/2024/05/03/islands-only-marijuana-grower-close" target="_blank" rel="noreferrer noopener">said</a> Benjamin Zachs, president of Connecticut-based Fine Fettle. He estimated the dispensary would deplete its inventory and likely close by this fall.
Discover how innovative regulatory solutions and strategic state responses, like those being considered for Martha&#8217;s Vineyard, are shaping the future of the cannabis industry. Join the conversation at the Benzinga Cannabis Capital Conference this October in Chicago. Hear directly from key industry players, experts, advocates, and policymakers. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.
<h3 class="wp-block-heading">Operational Hurdles Leading To Fine Fettle's Closure</h3>
Fine Fettle&#8217;s closure is attributed to financial struggles unique to operating on an island, including higher costs, competitive pricing from mainland dispensaries and seasonal demand fluctuations. Despite efforts to maintain viability, Zachs <a href="https://www.mvtimes.com/2024/05/03/vineyard-marijuana-dispensary-close/">told</a> The Martha's Vineyard Times, "We haven't been able to crack the nut to not lose money."
During a recent commission meeting, the pressing nature of the situation was outlined by commissioner Kimberly Roy, &#8220;If we do nothing, you are going to have 234 patients with no medical access on the Island. That's the reality of it.&#8221; Martha&#8217;s Vineyard has a year-round population of around 20,000 people.
<h3 class="wp-block-heading">Supply Chain Regulatory Challenges</h3>
Efforts to ensure continuity of supply are not new. Massachusetts had previously relaxed testing requirements specifically for island communities after 2012 when medical <a href="https://www.benzinga.com/topic/cannabis-legalization" target="_blank" rel="noreferrer noopener">cannabis was legalized</a>. Regulations, designed primarily for motor vehicle transport, do not accommodate ferry or aerial deliveries, which are the only means to bridge the gap between the mainland and Martha&#8217;s Vineyard.
Furthermore, comparative solutions from other states like <a href="https://www.benzinga.com/topic/new-york-cannabis" target="_blank" rel="noreferrer noopener">New York</a>, which permits cannabis transportation via ferries, and <a href="https://www.benzinga.com/topic/maine-cannabis" target="_blank" rel="noreferrer noopener">Maine</a>, which is addressing similar challenges for its coastal islands, are being reviewed for applicability. In Alaska where many areas are accessible only by air or water <a href="https://www.benzinga.com/markets/cannabis/24/04/38472175/federal-court-to-cannabis-pilot-no-more-transporting-weed-around-alaska-faa-revokes-license-thou" target="_blank" rel="noreferrer noopener">dispensaries transport products on commercial flights</a>. The CCC is investigating these models to adapt them to Massachusetts' legal framework.
As the state Commission prepares for a forthcoming meeting to engage with local authorities and stakeholders, the overarching goal is clear: establishing a viable supply chain that ensures safe, <a href="https://www.benzinga.com/markets/cannabis/24/04/38022665/massachusetts-cannabis-market-hits-record-highs-faces-regulatory-challenges-and-more" target="_blank" rel="noreferrer noopener">legal access to cannabis for residents</a> and deters illegal market growth.

Martha's Vineyard Has A Cannabis Crisis: Medical, Recreational Users Could Run Out Of Access By Fall As Island's Sole Producer Will Close Soon

Bioceres Crop Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.16 by 6.25 percent. This is a 65.12 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $84.000 million which missed the analyst consensus estimate of $98.500 million by 14.72 percent. This is a 10.26 percent decrease over sales of $93.605 million the same period last year.

Earnings Misses

BIOX

Bioceres Crop Solutions Q3 2024 GAAP EPS $0.15 Misses $0.16 Estimate, Sales $84.000M Miss $98.500M Estimate

Fractyl Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GUTS#NASDAQ">GUTS</a>) reported quarterly losses of $(0.17) per share. This is a 97.84 percent increase over losses of $(7.87) per share from the same period last year. The company reported $33.000 thousand in sales this quarter. This is a 560.00 percent increase over sales of $5.000 thousand the same period last year.

GUTS

Fractyl Health Q1 2024 GAAP EPS $(0.17) Up From $(7.87) YoY, Sales $33.000K Up From $5.000K YoY

Pembina Pipeline sais&nbsp;Toronto Stock Exchange has approved the renewal of normal course issuer bid to purchase up to five percent of its issued and outstanding common shares.

Buybacks

Pembina Pipeline Reports Renewal Of Share Repurchase Program

The shares are scheduled to begin trading on the Nasdaq Global Market on May 14, 2024, under the ticker symbol &quot;BTOC.&quot; The offering is expected to close on or about May 15, 2024, subject to customary closing conditions.

IPOs

BTOC

Armlogi Holding Prices IPO Of 1.60M Shares Of Common Stock At $5.00 Per Share

Adjusted EBITDA amounted&nbsp;$276 million&nbsp;in the&nbsp;first quarter&nbsp;of 2024, a&nbsp;37.6%&nbsp;like-for-like growth versus&nbsp;Q1&nbsp;2023, due to the solid growth of the Toll Roads and Construction divisions.

Ferrovial Q1 Revenue Increase 3.5% In Like-For-like Terms

In a surprising turn of events, Games Global Ltd, a UK-based company known for its online casino games, has decided to pull its initial public offering (IPO) from <a href="https://www.benzinga.com/topic/initial-public-offering">the U.S</a>.
What Happened: As reported by Reuters, the company announced this decision on Monday, without providing any specific reasons for the withdrawal.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38776144/jpmorgan-reports-760k-spot-bitcoin-etf-holdings-even-as-ceo-jamie-dimon-called-for-shuttin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan Reports $760K Spot Bitcoin ETF Holdings Even As CEO Jamie Dimon Called For Shutting Down Crypto</a>
The company, which was founded in 2021, had planned to raise $254 million through its IPO. The proposed price range was <a href="https://www.benzinga.com/insights/ipos/24/05/38793038/preview-games-global-limited-set-to-ipo-tomorrow">$16 to $19 per share</a>, which would have valued the company at around $2.0 billion. The IPO was expected to be listed on the NYSE under the symbol GGL.
Why It Matters: Games Global&#8217;s decision to withdraw its IPO comes as a surprise, especially after the company had set the terms for its IPO just a week ago. The company announced plans to offer 14.5 million shares, with 59% of the <a href="https://www.renaissancecapital.com/IPO-Center/News/104515/Online-casino-games-developer-Games-Global-sets-terms-for-$254-million-US-I">shares</a> being secondary.
Games Global&#8217;s decision to withdraw its IPO also comes after the company had secured an exclusive deal with the UFC for branded slot games, as reported by <a href="https://news.worldcasinodirectory.com/games-global-secures-exclusive-deal-with-ufc-for-branded-slot-games-113295">World</a> Casino Directory. This partnership is expected to further boost the company&#8217;s standing in the online gaming industry.
Before that, Games Global and AreaVegas Games launched a new game, Area Link&#x2122; <a href="https://europeangaming.eu/portal/latest-news/2024/05/07/158478/games-global-and-areavegas-games-unleash-the-mythical-beast-in-area-link-dragon/">Dragon</a>, adding to its extensive portfolio of more than 1,300 games.
The reasons behind the IPO withdrawal remain unclear.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38753994/cardano-founder-charles-hoskinson-says-voting-for-biden-is-a-vote-against-american-crypto-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cardano Founder Charles Hoskinson Says Voting For Biden Is A &#8216;Vote Against American Crypto Industry&#8217;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Topics

Global

Games Global Withdraws US IPO Plan

Liquidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) reported quarterly losses of $(0.54) per share which missed the analyst consensus estimate of $(0.30) by 80 percent. This is a 200 percent decrease over losses of $(0.18) per share from the same period last year. The company reported quarterly sales of $2.972 million which missed the analyst consensus estimate of $4.388 million by 32.28 percent. This is a 33.85 percent decrease over sales of $4.493 million the same period last year.