Key Energy Servs (OTC:KEGX) Stock, Quote.Headers.trade-ideas

Key Energy Services Inc is an onshore, rig-based well-servicing contractor. It provides a full range of well-services to oil companies, and independent oil and natural gas production companies. Its services include rig-based and coiled tubing-based well maintenance and workover services, well completion and re-completion services, fluid management services, fishing, and rental services, and other ancillary oilfield services. Its segment includes Rig Services, Fishing, and Rental Services, Coiled Tubing Services and Fluid Management Services within the United States. The company derives the maximum revenue from the Rig Services segment.

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KEY ENERGY SVCS INC DEL by Key Energy Services Inc. Del

Key Energy Services Inc

Ahead of the 2024 presidential election, former President Donald Trump made headlines with a notable campaign stop in New York City.
What Happened: Former President Trump made a campaign stop at PubKey, a crypto-themed bar in New York, on Wednesday. Trump paid for smash burgers and Diet Cokes using Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), <a href="https://www.wsj.com/politics/elections/that-time-donald-trump-walked-into-a-bar-and-bought-a-round-using-bitcoin-92cf6dd0?mod=latest_headlines">reported</a> The Wall Street Journal.
Trump&#8217;s visit to PubKey, a popular spot among cryptocurrency enthusiasts, aimed to bolster his support from the crypto community. He declared the transaction as &#8220;history in the making&#8221; after using his iPhone to make the payment.
Mike Germano, president of Bitcoin Magazine, praised Trump, saying, &#8220;He's now one of us.&#8221; PubKey co-founder Andrew Newman called it a significant step in bitcoin history, emphasizing the movement behind the currency.
Trump, who once criticized bitcoin, has since embraced the industry. He has appeared at crypto conferences and received millions in campaign contributions made in cryptocurrencies. He promised a more favorable regulatory climate if re-elected.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40878978/donald-trump-to-visit-springfield-ohio-soon-not-so-fast-polymarket-traders-say?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump To Visit Springfield, Ohio &#8216;Soon&#8217;? Not So Fast, Polymarket Traders Say</a>
During the event, Trump reiterated his commitment to making the U.S. the &#8220;world capital for crypto and bitcoin.&#8221; He also pledged to halt work on central bank digital currencies and proposed creating a strategic national bitcoin stockpile and a bitcoin advisory council, according to the report.
PubKey also shared an image with Trump on X, captioning it: &#8220;One of the most historic transactions in #bitcoin history was just made.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One of the most historic transactions in <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> history was just made. President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> buying burgers at <a href="https://twitter.com/PubKey_NYC?ref_src=twsrc%5Etfw">@PubKey_NYC</a> with <a href="https://twitter.com/tpacchia?ref_src=twsrc%5Etfw">@tpacchia</a>. Block height: 861871 You saw it here first. <a href="https://t.co/moHUIKDxej">pic.twitter.com/moHUIKDxej</a>
&mdash; PUBKEY (@PubKey_NYC) <a href="https://twitter.com/PubKey_NYC/status/1836510708634390680?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Trump&#8217;s evolving stance on <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40905315/donald-trumps-new-crypto-project-world-liberty-financial-everything-you-need-to-know">cryptocurrency has been a significant shift</a>, especially given his previous criticisms. This transformation began to take shape earlier this year when he launched World Liberty Financial (WLFI), a decentralized finance platform centered around a crypto token. This move marked his formal embrace of blockchain technology.
Moreover, Trump has credited his <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40901067/i-was-blown-away-donald-trump-credits-sons-for-introducing-him-to-crypto-marvels-at-nft-co">sons for introducing him to the world of crypto</a>, particularly noting the success of his NFT collection. He expressed his surprise at how quickly the collection sold out, which further fueled his interest in the digital asset space.
In the political arena, Trump&#8217;s pro-crypto <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40919168/ethereum-co-founder-says-donald-trump-is-certainly-the-favorite-over-kamala-harris-for-cry">stance has garnered attention</a>. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) co-founder Charles Hoskinson recently stated that Trump is &#8220;certainly the favorite&#8221; over Vice President Kamala Harris from a cryptocurrency perspective.
Additionally, Anthony Scaramucci, former White House Communications Director, has called for <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40916521/anthony-scaramucci-calls-for-bipartisan-crypto-regulation-applauds-donald-trump-for-coming">bipartisan crypto regulation</a>, applauding Trump for his newfound support of the industry. Scaramucci believes this shift could encourage Democrats to adopt a more favorable stance on cryptocurrency regulation.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913998/jamie-dimon-says-jpmorgan-is-likely-one-of-the-bigger-users-of-blockchain-technology-but-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jamie Dimon Says JPMorgan Is Likely &#8216;One Of The Bigger Users&#8217; Of Blockchain Technology, But Calls Cryptocurrencies A &#8216;Pet Rock&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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

Cryptocurrency

$BTC

Trump Pays Up For Smash Burgers And Diet Cokes With Bitcoin During New York Campaign Halt — Move Hailed As 'One Of The Most Historic Transactions'

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Unemployment Rate For August Unchanged At 4.2%

Reported Earlier, Australia Full Employment Change For August -3.1K Vs. 64.7K (Revised) Prior

Reported Earlier, Australia Employment Change For August 47.5K Vs. 26.4K Est.; 48.9K (Revised) Prior

Speaker Mike Johnson (R-La.) claimed on X that Federal Reserve Chairman Jerome Powell admitted President Joe Biden and Vice President Kamala Harris&#8216; administration&#8217;s immigration policies are contributing to higher unemployment rates. Powell&#8217;s comments were made during a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40929003/powells-hawkish-tone-tempers-market-excitement-after-historic-50-basis-point-intere">postmeeting press conference</a>.
What Happened: Johnson shared a video clip where Powell was questioned about the recent job creation rates and the impact of immigration on the labor market. 
Powell responded by indicating that the influx of immigrants has contributed to the rise in unemployment, alongside a slower hiring rate.
Powell said, &#8220;If you're having millions of people come into the labor force, then—and you're creating 100,000 jobs, you're going to see unemployment go up.&#8221; He noted that the increase in unemployment is partly due to the high number of people entering the country and the slower rate of job creation.
Sharing Powell&#8217;s remarks, Johnson wrote, &#8220;The Federal Reserve Chairman admitted the massive influx of illegal immigrants under Biden and Harris has raised the unemployment rate. This administration's refusal to secure the border is actively harming American workers and our economy.&#8221; 
Additionally, Elon Musk CEO of Tesla Inc. has reshared Johnson&#8217;s post, amplifying the discussion. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Federal Reserve Chairman admitted the massive influx of illegal immigrants under Biden and Harris has raised the unemployment rate. This administration's refusal to secure the border is actively harming American workers and our economy. <a href="https://t.co/3rryXkKTAs">pic.twitter.com/3rryXkKTAs</a>
&mdash; Speaker Mike Johnson (@SpeakerJohnson) <a href="https://twitter.com/SpeakerJohnson/status/1836516101162991659?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40908202/10-etfs-investors-secretly-bought-before-the-feds-make-or-break-interest-rate-cal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">10 ETFs Investors Secretly Bought Before The Fed&#8217;s Make-Or-Break Interest Rate Call</a>
Why It Matters: The context surrounding Powell&#8217;s comments is crucial to understanding the broader economic landscape. Just a day before Johnson&#8217;s post, Powell had defended a <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40927293/powell-defends-0-5-interest-rate-drop-as-right-thing-for-the-economy-doubles-down">significant 50-basis-point interest rate cut</a>, emphasizing it was necessary to support the labor market and prevent economic downturns. 
This rate cut, which brought interest rates down to a range of 4.75% to 5%, was the first in over four years. Powell stressed the importance of preemptive measures to maintain a <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40927293/powell-defends-0-5-interest-rate-drop-as-right-thing-for-the-economy-doubles-down">strong labor market</a>.
Moreover, the Federal Reserve&#8217;s dot plot indicated that policymakers <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40929003/powells-hawkish-tone-tempers-market-excitement-after-historic-50-basis-point-intere">anticipate further rate cuts</a>, signaling a cautious approach to economic stability.
Johnson&#8217;s remarks also come at a time when House Republicans, including Johnson himself, are grappling with internal disagreements over a funding bill aimed at <a href="https://www.benzinga.com/news/24/09/40931809/house-republicans-reject-their-own-funding-bill-as-government-shutdown-looms-mike-johnson-says-we-ha">preventing a government shutdown</a>. 
Musk&#8217;s involvement in the discussion is notable, given his advocacy for simplifying the <a href="https://www.benzinga.com/news/24/04/38488525/elon-musk-advocates-for-easier-and-simplified-legal-immigration-process-amid-migrant-influx">legal immigration process</a>. Musk has previously called for easier and quicker legal immigration, highlighting the challenges faced by skilled labor in navigating the current system.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40872989/mark-cuban-asks-elon-musk-he-can-directly-question-him-about-kamala-harris-economic-policies-but-wan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Asks Elon Musk He Can Directly Question Him About Kamala Harris&#8217; Economic Policies, But Wants This In Exchange</a></li>
</ul>
Image via Federal Reserve
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Federal Reserve

Mike Johnson Says Fed Chair Jerome Powell Admitted  Biden-Harris Immigration Policies Have Raised Unemployment And Are 'Harming American Workers' — Elon Musk Amplifies Discussion

Microsoft Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTF#NASDAQ">MSTF</a>) LinkedIn, the professional networking giant, has come under scrutiny for reportedly using user data for AI training before&nbsp;updating its terms of service.
What Happened: This primarily affected users in the U.S., as those in the EU, European Economic Area, or Switzerland were likely exempt due to stringent data privacy rules in these regions, <a href="https://techcrunch.com/2024/09/18/linkedin-scraped-user-data-for-training-before-updating-its-terms-of-service/">reported</a> TechCrunch, <a href="https://www.404media.co/linkedin-is-training-ai-on-user-data-before-updating-its-terms-of-service/">citing</a> 404 media as the first to spot this discrepancy.
Users have an opt-out toggle in their settings that reveals LinkedIn collects personal data to train &#8220;content creation AI models.&#8221; While the toggle isn&#8217;t new, LinkedIn initially failed to update its privacy policy to reflect this data usage.
LinkedIn&#8217;s terms of service have since been updated, but typically, such updates precede significant changes&nbsp;like using user data for&nbsp;new purposes.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40848374/google-co-founder-sergey-brin-admits-company-was-too-timid-to-rollout-chatgpt-like-llms-despite-basi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Co-Founder Sergey Brin Admits Company Was &#8216;Too Timid&#8217; To Rollout ChatGPT-Like LLMs Despite Basically Inventing Them</a>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18234419/Screenshot-2024-09-19-at-9.14.07%E2%80%AFAM-1024x428.png" alt="" class="wp-image-555236" /></figure>
LinkedIn did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
The company uses the data to train its own AI models, including those&nbsp;for writing suggestions and post&nbsp;recommendations. LinkedIn also indicated&nbsp;that generative AI models on&nbsp;its platform could be trained by &#8220;another provider,&#8221; such as its parent company,&nbsp;Microsoft.
How To Opt Out Of LinkedIn&#8217;s Data Scrapping
Step I: Go to the &#8220;Data Privacy&#8221; section in the settings menu.
Step II: Select &#8220;Data for Generative AI improvement.&#8221; 
Step III: Now toggle off the option for &#8220;Use my data for training content creation AI models.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18235928/IMG_4340-1024x835.jpeg" alt="" class="wp-image-555262" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18235928/IMG_4340-1024x835.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18235928/IMG_4340-300x245.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18235928/IMG_4340-768x626.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18235928/IMG_4340.jpeg 1290w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Why It Matters: Earlier this year, AI startups&nbsp;OpenAI and Anthropic&nbsp;were accused of <a href="https://www.benzinga.com/news/24/06/39443965/openai-and-anthropic-allegedly-ignore-web-scraping-rules-stirring-controversy">ignoring web scraping rules</a>. The reported behavior of OpenAI and Anthropic reflected a larger trend among AI companies pursuing high-quality data for their models.
In April,&nbsp;OpenAI also received flak for <a href="https://www.benzinga.com/news/24/04/38152790/openai-transcribes-over-a-million-youtube-hours-navigating-the-gray-area-of-ai-data-use">reportedly transcribing over a million hours</a> of YouTube videos for training its GPT-4 model.
OpenAI, the company behind ChatGPT, has also gained attention with its <a href="https://www.benzinga.com/news/24/05/38975543/news-corp-stock-pops-on-multiyear-deal-with-openai">multiyear partnership</a> with News Corp, giving it access to the media giant&#8217;s news content. This deal marked a notable advancement in the AI industry&#8217;s pursuit of high-quality training data.
Later in July, Elon Musk&#8217;s social media platform, X, formerly Twitter, was found to be&nbsp;<a href="https://www.benzinga.com/news/24/07/39979855/elon-musks-x-shares-your-posts-on-his-social-media-platform-with-grok-for-training-heres-how-you-can">sharing user posts</a>&nbsp;with xAI&#8217;s Grok for training.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo by IB Photography on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/09/40871056/larry-ellisons-daughters-gaming-company-hit-by-wave-of-mass-resignation-staff-walkout-amid-spinoff?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Larry Ellison&#8217;s Daughter&#8217;s Gaming Company Hit By Wave Of Mass Resignation: Staff Walkout Amid Spinoff Failure</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Microsoft's LinkedIn in Hot Water For Allegedly Using Data Of Users For Training AI Before Updating Terms Of Service

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Key Energy Servs

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Key Energy Servs (OTC:KEGX) Stock, Quote.Headers.trade-ideas