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Kruk SA is the leader in the debt collection industry. It manages debts purchased on its own account and contracted by third parties. The group manages bank debt (the main client category), debts owed to loan brokers, insurance companies, leasing firms, fixed-line and mobile phone operators, cable TV companies, digital TV platforms and FMCG companies. The Group manages debt in three segments consumer debts, mortgage debts and corporate debts. Consumer debts include retail and unsecured. Mortgage debts include retail, and secured. Corporate debts include mortgage-backed and non-mortgage-backed. Geographically the company operates in segments Poland, Romania, Italy, Spain, and Other foreign markets.

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Economics

China Initiates Dispute Complaint Against Canadian Surtax Measures

At a trade fair in Frankfurt, almost 900 Chinese auto suppliers and several electric vehicle makers are reportedly<a target="_blank" href="https://www.benzinga.com/news/24/09/40813283/stellantis-invests-over-406m-in-michigan-facilities-for-multi-energy-strategy" rel="noreferrer noopener"> displaying their offerings</a>.
The country&#8217;s automotive sector is striving to enhance its global presence and counteract declining domestic profits despite looming trade barriers, reported Reuters.
Chinese automakers such as BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Geely Automobile Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>), Hongqi, and GAC International are set to showcase their vehicles at the Automechanika fair, which traditionally emphasizes suppliers but is now featuring cars as a highlight.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40810974/us-ally-urges-eu-to-reconsider-tariffs-on-chinese-evs-we-dont-need-another-war" rel="noreferrer noopener">US Ally Urges EU To &#8216;Reconsider&#8217; Tariffs On Chinese EVs: &#8216;We Don&#8217;t Need Another War&#8217;</a>
&#8220;Even if some in Europe turn against us, we will never turn against the European market,&#8221; said Victor Yang, senior vice-president at Geely, the only carmaker to host a press conference at the fair.
According to the report, Geely, which reportedly sold approximately 200,000 cars in Europe during the first half of this year, will encounter tariffs of up to 19.3% on its China-made EVs under the European Commission&#8217;s current plans—a move the company has previously called &#8220;disappointing.&#8221;
China&#8217;s auto sector is making significant investments in expanding overseas despite Europe and North America imposing trade barriers to curb the influx of China-made EVs, which they claim benefit from unfair subsidies.
The &#8220;EV Expo,&#8221; opening in collaboration with the China Council for the Promotion of International Trade, adds a focus on electric vehicles to an event traditionally centered on suppliers, Reuters added.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40791286/tesla-ceo-elon-musk-considers-making-steering-yoke-stationary-while-cybertruck-parks-itself?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Considers Making Steering Yoke Stationary While Cybertruck Parks Itself</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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BYDDY

GELYF

Chinese EV Manufacturers BYD And Geely Storm Frankfurt Fair As EU Tariffs Threaten To Crimp Their Global EV Push: Report

https://event.webcasts.com/Domino's

Events

Watching Domino's Pizza; Shares Move Lower As Co Presents At The Piper Sandler Growth Frontiers Conference At 12:30 pm ET

Shares of lithium companies including, Sociedad Quimica y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>), Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) and Lithium Americas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) are trading higher Wednesday amid a rise in the price of lithium. The Chinese company Contemporary Amperex Technology reportedly stopped production at its mine<a href="https://www.benzinga.com/wiim/24/09/40815755/shares-of-lithium-companies-are-trading-higher-amid-a-rise-in-the-price-of-lithium-chinese-company-c"> in Jiangxi</a>.
What To Know: The <a href="https://www.bnnbloomberg.ca/business/international/2024/09/11/asian-lithium-shares-soar-on-speculation-catl-suspends-key-mine/">halt at this major mine </a>may alleviate oversupply concerns. UBS Analysts, led by Sky Han, explained that the stop will prompt an 8% drop in China&#8217;s lithium output, according to Bloomberg.
Lithium shares have struggled throughout the past year as lithium supply has exceeded demand. The drop in China&#8217;s lithium output could aid in rebalancing lithium supply and demand.
UBS reportedly mentioned it has a, "higher conviction this time&#8221; that the Jiangxi mining halt news is true. Past reports about halted mining operations have been shown to be false.
Related Link: <a href="https://www.benzinga.com/news/24/09/40775207/canada-nickel-receives-500m-loan-interest-from-government-agency-for-ontario-project">Canada Nickel Receives $500M Loan Interest From Government Agency For Ontario Project</a>
Price Action: At the time of writing, Sociedad Quimica y Minera stock is moving 10.4% higher at $38.53, Albemarle stock is moving 8.42% higher at $85.27 and Lithium Americas stock is trading 6.61% higher at $2.35 per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Movers

Lithium Companies' Shares Are Moving Higher Wednesday: What's Going On?

Investors with a lot of money to spend have taken a bullish stance on Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with VRT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 14 uncommon options trades for Vertiv Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 35%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $456,440, and 11 are calls, for a total amount of $445,132.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $86.0 for Vertiv Hldgs, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Vertiv Hldgs's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Vertiv Hldgs's whale activity within a strike price range from $65.0 to $86.0 in the last 30 days. 
<h3>Vertiv Hldgs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726073258_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>VRT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.9</td>
<td>$3.8</td>
<td>$3.9</td>
<td>$67.50</td>
<td>$331.5K</td>
<td>944</td>
<td>851</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$6.6</td>
<td>$6.4</td>
<td>$6.4</td>
<td>$75.00</td>
<td>$109.4K</td>
<td>1.6K</td>
<td>188</td>
</tr>
<tr>
<td>VRT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$0.7</td>
<td>$0.6</td>
<td>$0.65</td>
<td>$70.00</td>
<td>$97.7K</td>
<td>93</td>
<td>1.5K</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$1.1</td>
<td>$0.8</td>
<td>$0.9</td>
<td>$86.00</td>
<td>$37.9K</td>
<td>122</td>
<td>0</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.46</td>
<td>$75.00</td>
<td>$37.3K</td>
<td>1.6K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Vertiv Hldgs</h3>
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East &amp; Africa.
Following our analysis of the options activities associated with Vertiv Hldgs, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Vertiv Hldgs</h3>
<ul>
<li>With a volume of 5,134,822, the price of VRT is up 6.39% at $80.29. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 42 days.</li>
</ul>
<h3>Professional Analyst Ratings for Vertiv Hldgs</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $105.0.
<ul>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Vertiv Hldgs with a target price of $105. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Vertiv Hldgs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Vertiv Hldgs Unusual Options Activity For September 11

Deep-pocketed investors have adopted a bearish approach towards APA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in APA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for APA. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 21% leaning bullish and 73% bearish. Among these notable options, 21 are puts, totaling $3,921,392, and 2 are calls, amounting to $456,900.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.5 to $42.5 for APA over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of APA stands at 3133.44, with a total volume reaching 10,759.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in APA, situated within the strike price corridor from $22.5 to $42.5, throughout the last 30 days.
<h3>APA Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726073253_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$3.3</td>
<td>$3.15</td>
<td>$3.25</td>
<td>$22.50</td>
<td>$409.5K</td>
<td>536</td>
<td>1.2K</td>
</tr>
<tr>
<td>APA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.95</td>
<td>$16.9</td>
<td>$16.95</td>
<td>$40.00</td>
<td>$339.0K</td>
<td>1.5K</td>
<td>600</td>
</tr>
<tr>
<td>APA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.95</td>
<td>$16.85</td>
<td>$16.95</td>
<td>$40.00</td>
<td>$339.0K</td>
<td>1.5K</td>
<td>600</td>
</tr>
<tr>
<td>APA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.9</td>
<td>$16.9</td>
<td>$16.9</td>
<td>$40.00</td>
<td>$337.9K</td>
<td>1.5K</td>
<td>400</td>
</tr>
<tr>
<td>APA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.9</td>
<td>$16.9</td>
<td>$16.9</td>
<td>$40.00</td>
<td>$337.9K</td>
<td>1.5K</td>
<td>200</td>
</tr>
</tbody>
</table>

<h3>About APA</h3>
Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
Having examined the options trading patterns of APA, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is APA Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 5,235,121, the APA's price is down by -1.84%, now at $23.41. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 49 days.</li>
</ul>
<h3>What Analysts Are Saying About APA</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $41.2.
<ul>
<li>Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on APA with a target price of $29. </li>
<li>An analyst from Barclays has decided to maintain their Equal-Weight rating on APA, which currently sits at a price target of $35. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for APA, targeting a price of $52. </li>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on APA with a target price of $49. </li>
<li>An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $41. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest APA options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Decoding APA's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bearish move on MARA Holdings. Our analysis of options history for MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) revealed 18 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $68,520, and 16 were calls, valued at $1,057,635.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $27.0 for MARA Holdings during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for MARA Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MARA Holdings's whale trades within a strike price range from $10.0 to $27.0 in the last 30 days. 
<h3>MARA Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726073248_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.66</td>
<td>$2.61</td>
<td>$2.62</td>
<td>$17.50</td>
<td>$152.9K</td>
<td>5.8K</td>
<td>1.3K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.65</td>
<td>$2.59</td>
<td>$2.65</td>
<td>$17.50</td>
<td>$132.5K</td>
<td>5.8K</td>
<td>1.9K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$4.45</td>
<td>$4.4</td>
<td>$4.4</td>
<td>$27.00</td>
<td>$128.9K</td>
<td>964</td>
<td>293</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$17.50</td>
<td>$90.0K</td>
<td>5.8K</td>
<td>3.1K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$8.35</td>
<td>$8.25</td>
<td>$8.27</td>
<td>$10.00</td>
<td>$82.7K</td>
<td>5.8K</td>
<td>105</td>
</tr>
</tbody>
</table>

<h3>About MARA Holdings</h3>
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value.
<h3>Where Is MARA Holdings Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 20,753,250, with MARA's price up by 0.06%, positioned at $15.95.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 56 days.</li>
</ul>
<h3>What The Experts Say On MARA Holdings</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $12.0.
<ul>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Underweight rating on MARA Holdings with a target price of $12. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MARA Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

MARA

MARA Holdings's Options Frenzy: What You Need to Know

Guggenheim analyst Debjit Chattopadhyay maintains Centessa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTA#NASDAQ">CNTA</a>) with a Buy and raises the price target from $20 to $24.

Price Target

Analyst Ratings

CNTA

Guggenheim Maintains Buy on Centessa Pharmaceuticals, Raises Price Target to $24

Following Tuesday&#8217;s debate, Vice President Kamala Harris has taken a narrow lead in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40817347/donald-trump-lost-debate-to-kamala-harris-will-lose-ground-in-the-polls-polymarket-traders">2024 U.S. presidential race</a> among aggregated betting markets but still trails on the biggest and most liquid platform.
What Happened: ElectionBettingOdds.com <a href="https://electionbettingodds.com/">data</a> shows the Vice President leading former President Donald Trump by a 50.9% to 48% chance. The site aggregates different markets, including from smaller platforms like PredictIt and overseas betting exchanges like Betfair.
Interestingly, on Polymarket, the most liquid election trading market with over $870 million traded, Trump is back in the lead by a 50% to 48.5% margin, following a brief dip after his debate performance.
In the crypto sphere, a poll shared on X (formerly Twitter) by user Hoeem <a href="https://x.com/crypthoem/status/1833821786351321371">revealed</a> that 72% of the poll&#8217;s respondents favor Trump. While this poll doesn&#8217;t represent the entire crypto community, it provides insight into the preferences of a segment of crypto enthusiasts on the platform.
Another <a href="https://x.com/QwQiao/status/1833847491793453266">poll</a> by QwQiao showed similar results, with 76% of respondents supporting Trump.
It&#8217;s important to note that these Twitter polls, while indicative of sentiment among some crypto users, are not scientific surveys and do not represent the entire cryptocurrency community.
Former Messari CEO Ryan Selkis <a href="https://x.com/twobitidiot/status/1833853750210883627">said</a> that while Trump&#8217;s performance in the debate had flaws, there&#8217;s an expectation that he might perform stronger in future debates.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40812330/bitcoin-ethereum-etf-inflows-surge-to-117m-regardless-of-which-party-wins-both-cadidates-n">Bitcoin, Ethereum ETF Inflows Surge To $117M: &#8216;Regardless Of Which Party Wins, Both Candidates Need To Establish Leadership,&#8217; Expert Says</a>
&#8220;I think it was a draw for this reason. He definitely lost on style, and missed countless opportunities to bury her. He was sloppy. If they do another debate, he&#8217;s going to absolutely destroy her on neutral terrain,&#8221; he said.
Economist Peter Schiff acknowledged areas where Trump&#8217;s debate performance could have been stronger, he suggested that Trump&#8217;s economic messaging resonated more than that of his opponents. 
&#8220;It would have been good if Trump would have been a little bit more specific and personal on the hardships or feeling when they&#8217;re struggling to pay their rising rent, to pay their credit card bills, to buy groceries,&#8221; Schiff <a href="https://x.com/PeterSchiff/status/1833700533586018641">said</a>.
Schiff was critical of both candidates but seemed to view Trump as the lesser of two evils from an economic perspective. 
He noted, &#8220;Trump came off a bit angry. I don&#8217;t know if that&#8217;s a positive or a negative. I mean, he was strong, but I thought he made some good points, but I thought there were some better points that he could have made but didn&#8217;t.&#8221;
The economist also touched on the need for economic reform, stating, &#8220;The best plan for health care is to get the government out of it. Right. And to introduce more free market forces.&#8221;
Despite the critiques, Schiff didn&#8217;t believe the debate significantly altered the race. &#8220;I don&#8217;t think anybody really did something that was so dramatic that it caused people that had already made up their minds to change their candidate,&#8221; he said.
The strong support for Trump within segments of the cryptocurrency community, coupled with his close position to Harris in general election odds, suggests that digital asset policy could play a significant role in the upcoming election. 
What&#8217;s Next: The intersection of politics, economics, and the future of cryptocurrency is likely to be a key point of discussion at the upcoming Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40800875/bitcoin-poised-for-significant-rally-in-october-and-november-says-bitwise-cio-matt-hougan">Bitcoin Poised For Significant Rally In October And November, Says Bitwise CIO Matt Hougan</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

Donald Trump Clings On To 1.5% Election Odds Lead On Polymarket, But Kamala Harris Has Already Taken The Lead Elsewhere

Contracts

Blinken Announces More Than $700M To Support Ukraine In War Against Russia; Funding Includes $325M In Energy Assistance And Nearly $290M In Humanitarian Assistance; Funding Also Includes Over $102M In Humanitarian Demining Assistance

WIIM

SHOP

Shopify shares are trading higher after Wells Fargo raised its price target on the stock from $80 to $90.

Argus Research analyst Marie Ferguson maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Buy and raises the price target from $82 to $97.

Argus Research Maintains Buy on Edison Intl, Raises Price Target to $97

Gold advocate Peter Schiff doubled down on his Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) skepticism, arguing that the leading cryptocurrency lacks intrinsic value and is <a href="https://www.benzinga.com/money/bitcoin-price-prediction">destined to fail</a>.
What Happened: In a recent Bankless <a href="https://www.youtube.com/watch?v=2Pce5tBp_Pw&amp;pp=ygUIYmFua2xlc3M%3D">podcast</a>, Schiff, a longtime gold bull, contended that Bitcoin&#8217;s ease of transfer actually undermines its value proposition. "The reason that it&#8217;s so easy to send Bitcoin is because you&#8217;re sending nothing," he stated.
The financial commentator drew a stark contrast between gold&#8217;s physical properties and Bitcoin&#8217;s digital nature. "Gold needs to be physical because the properties of gold are physical," Schiff noted. "I can&#8217;t make jewelry without physical gold, I can&#8217;t conduct electricity without physical gold."
While acknowledging blockchain technology&#8217;s potential to improve gold transfers, Schiff dismissed the notion of Bitcoin as "digital gold." He likened it instead to "a digital image of a hamburger," arguing neither has real-world utility.
Addressing concerns about gold&#8217;s appeal to younger generations, Schiff was unfazed. &#8220;All these 20-somethings that are into Bitcoin, when they&#8217;re in their 40s they&#8217;ll be in gold,&#8221; he predicted, arguing that wisdom comes with age.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40766075/peter-schiff-will-accept-he-was-wrong-about-bitcoin-if-restaurants-begin-to-show-prices-in">Peter Schiff Will Accept He Was Wrong About Bitcoin If Restaurants Begin To Show Prices In Satoshis Among Other Things</a>
Why It Matters: Schiff predicted Bitcoin&#8217;s eventual collapse once new buyers dry up. "There&#8217;s going to be a point where you don&#8217;t have enough money coming in to enable the money to go out," he warned.
Despite his crypto pessimism, Schiff expressed bullishness on gold mining stocks as a high-risk, high-reward play on rising gold prices. He suggested Bitcoin investors redirect their funds to this sector for better moonshot potential.
While unlikely to sway many crypto enthusiasts, Schiff&#8217;s unwavering gold advocacy offers a contrarian perspective in an increasingly digital financial landscape.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40670704/peter-schiff-highlights-bitcoins-underwhelming-performance-against-gold-in-the-past-6-mont">Peter Schiff Highlights Bitcoin&#8217;s Underwhelming Performance Against Gold In The Past 6 Months: &#8216;The Momentum Has Flipped&#8217;</a></li>
</ul>
Image: Shutterstock

$BTC

'Gold Bull' Peter Schiff Claims Bitcoin 'Lacks Intrinsic Value And Is Destined To Fail'

UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) shares are trading lower on Wednesday. 
Sabine Keller-Busse, UBS&#8217;s Switzerland country head, affirmed the bank&#8217;s steadfast commitment to its domestic market, addressing public concerns about its plans, reported Reuters.
Keller-Busse told a conference in northern Switzerland, &#8220;Underpinning this commitment, we aim to maintain our loan book in Switzerland at around 350 billion Swiss francs [$411 million].&#8221; 
The loans include corporate loans, private loans and mortgages. 
UBS has faced intense scrutiny since its acquisition of Credit Suisse last year, which followed <a href="https://www.benzinga.com/markets/equities/24/06/39264623/ubs-and-credit-suisse-swiss-unit-merger-set-for-july-1-says-senior-ubs-executive">the rival&#8217;s financial troubles and eventual collapse</a>.
UBS leadership criticized Credit Suisse&#8217;s unsustainable business model and low credit terms, suggesting a need for re-pricing. This has fueled speculation that UBS might reduce its loan portfolio in Switzerland. 
However, Keller-Busse noted that Switzerland accounts for about 30% of UBS&#8217;s capital and revenues, underscoring its importance to the bank.
Last month, UBS placed a real estate fund from its former competitor Credit Suisse, valued at <a target="_blank" href="https://www.benzinga.com//node/40394313" rel="noreferrer noopener">over&nbsp;$2 billion, into &#8220;orderly liquidation.&#8221;</a>
In August, UBS &nbsp;reported&nbsp;second-quarter&nbsp;FY24 sales of&nbsp;$11.9 billion, up&nbsp;25%&nbsp;Y/Y, beating the consensus of&nbsp;$11.3&nbsp;billion&nbsp;and EPS&nbsp;of&nbsp;$0.34<a href="https://www.benzinga.com/news/earnings/24/08/40360422/ubs-q2-earnings-beats-wealth-management-shines-cost-savings-accelerate-more" target="_blank" rel="noreferrer noopener">, beating the consensus of&nbsp;$0.12</a>.
Investors can gain exposure to the stock via&nbsp;Avantis International Equity ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVDE#NYSE">AVDE</a>) and&nbsp;American Century ETF Trust Avantis Responsible International Equity ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVSD#NYSE">AVSD</a>).
UBS Price Action:&nbsp;UBS Group shares are up 0.52% at $28.78 at publication Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40815889" target="_blank" rel="noreferrer noopener">Dave &amp; Buster&#8217;s Analysts See Upside In &#8216;Challenging Environment&#8217; After&nbsp;Q2&nbsp;Earnings Beat</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Large Cap

AVDE

American Century ETF Trust Avantis Responsible International Equity ETF

AVSD

What's Going With UBS Shares On Wednesday?

Federal Reserve

Goldman Sachs CEO Says Best Guess For Next Week's Fed Meet Is Rate Cut Of 25 Basis Points

Argus Research analyst David Toung maintains Cardinal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) with a Buy and raises the price target from $115 to $125.

Argus Research Maintains Buy on Cardinal Health, Raises Price Target to $125

Management

CWA Says CWA's AT&T West Bargaining Team Resumed Negotiations With AT&T Today To Address Concerns Members Have About The Agreement; Workers Remain On The Job In California And Nevada Pending Progress At The Bargaining Table

Argus Research analyst Christine Dooley maintains Cava Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) with a Buy and raises the price target from $104 to $128.

CAVA

Argus Research Maintains Buy on Cava Group, Raises Price Target to $128

Ukraine's Foreign Minister Issues Fresh Appeal For Western Partners To Lift All Limits On Using Western Weapons

RTX CEO Says Have $8B Of Bookings So Far In Raytheon In Q3; Don't See Transformative M&As Like UTC Deal; Open To Pruning Businesses To Focus On Portfolio

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