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Congressman Kurt Schrader of Oregon was last covered by Benzinga for his trades on Ameren Corporation (NYSE: AEE) and SLB (NYSE: SLB), which were made on Oct. 13 and Oct. 26, respectively.

This US Rep Bought 3 Vanguard ETFs Paying Monthly Dividends, Saw Gains In Recent Trades

Billionaire entrepreneur Mark Cuban has expressed apprehension over the economic implications of President-elect Donald Trump&#8216;s proposed tariffs.
What Happened: Cuban, a vocal supporter of Vice President Kamala Harris during the recent campaign, has been openly critical of Trump&#8217;s tariff strategy. He argues that the mere anticipation of these tariffs is already causing economic strain for American businesses and consumers.
In a <a href="https://www.threads.net/@mcuban/post/DCGO8NXxt86">discussion</a> on Threads, Cuban pointed out that companies importing from China are currently stockpiling cash and goods in anticipation of increased demand due to the looming tariffs.
He contends that these resources could have been better utilized for business expansion, salary increases, bonuses, and other operational expenses.
"Right now every company that imports from China is taking all the cash they can muster, and buying up as much as they can and stuffing it in a warehouse, in anticipation of the tariffs creating accelerated demand for imports," he said in the post. 
Also Read: <a href="https://www.benzinga.com/news/24/10/41564498/mark-cuban-denounces-trumps-garbage-can-comments-insulting-to-every-single-american">Mark Cuban Denounces Trump&#8217;s &#8216;Garbage Can&#8217; Comments: &#8216;Insulting To Every Single American&#8217;</a>
Cuban also warned that these companies might hike their prices, as if the higher tariffs were already in place, due to the cost of storing inventory and the relative expense of cash.
Conversely, export companies are preparing for retaliatory tariffs and are encouraging their Chinese buyers to stock up. Although this may result in increased sales at present, it also compels these companies to rapidly purchase components, potentially inflating prices.
Cuban wrapped up his argument by expressing worry about the potential repercussions of retaliatory tariffs, including the possibility of Chinese companies being directed to stop purchasing from the U.S.
Why It Matters: While the impact of the proposed tariffs is yet to be fully realized, Cuban&#8217;s concerns highlight the potential economic fallout. 
The anticipation of these tariffs is already causing shifts in business strategies, with companies hoarding cash and goods, and potentially increasing prices. 
This could have a ripple effect on the economy, affecting everything from business expansion to consumer prices. Furthermore, the potential for retaliatory tariffs from China adds another layer of uncertainty for American businesses.
Read Next
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This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image: Shutterstock

Mark Cuban Warns Of Impact From Trump's Planned Tariffs

President-elect Donald Trump says that he has no intention of selling his stake in Truth Social&#8217;s parent company, despite the stock&#8217;s impressive performance following the election.
What Happened: Trump has demanded investigations into alleged &#8220;market manipulators or short sellers&#8221; who are supposedly spreading misinformation about his plans to sell shares in Trump Media. This announcement was made through a <a href="https://truthsocial.com/@realDonaldTrump/posts/113447949058695478">post</a> on Truth Social on Friday.
The stock of Trump Media experienced a 15% increase by late Friday afternoon. Both the Trump campaign and Trump Media did not respond to Business Insider&#8217;s request for comments.
&#8220;There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth. THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING! I hereby request that the people who have set off these fake rumors or statements, and who may have done so in the past, be immediately investigated by the appropriate authorities,&#8221; Trump wrote in the post. 
&#8220;Truth is an important part of our historic win, and I deeply believe in it. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!&#8221; he added.
Also Read: <a href="https://www.benzinga.com/startups/24/11/41700920/donald-trumps-truth-social-is-now-worth-more-than-elon-musks-x-whats-behind-the-surprising-upswing">Donald Trump&#8217;s Truth Social Is Now Worth More Than Elon Musk&#8217;s X. What&#8217;s Behind The Surprising Upswing?</a>
Despite its tumultuous past, Truth Social has witnessed substantial growth in the run-up to the election, even overtaking the valuation of Elon Musk&#8217;s X, despite its modest financials. As of last Friday, the market capitalization of Trump Media was approximately $6.5 billion.
Trump, who owns a majority stake in the company with 115 million shares, has his investment valued at around $3.7 billion. On Election Day, the company disclosed its Q3 earnings, which included revenues of $1 million and a net loss of $19.2 million. 
The company also reported having $672.9 million in its balance sheet, which will be used for the expansion of the recently launched TV-streaming platform, Truth+.
Why It Matters: The refusal of Trump to sell his shares in Truth Social&#8217;s parent company, amidst a surge in stock prices, indicates his confidence in the company&#8217;s future prospects. 
His call for investigations into &#8220;market manipulators or short sellers&#8221; suggests his commitment to maintaining the integrity of the company&#8217;s stock. The significant growth of Truth Social leading up to the election, despite its modest financials, further underscores the potential of the company. 
The launch of the TV-streaming platform, Truth+, is another step forward in the company&#8217;s expansion plans.
Read Next
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This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image: Shutterstock

Social Media

Trump Says He Won't Sell Truth Social Stock, Calls For Probe On Rumors

President-elect Donald Trump has announced that neither former UN Ambassador Nikki Haley nor ex-Secretary of State Mike Pompeo will be included in his new administration.
What Happened: Trump made this declaration on a <a href="https://truthsocial.com/@realDonaldTrump/posts/113455540757405917">post</a> on Truth Social, stating, &#8220;I will not be inviting former Ambassador Nikki Haley, or former Secretary of State Mike Pompeo, to join the Trump Administration, which is currently in formation.&#8221;
&#8220;I very much enjoyed and appreciated working with them previously, and would like to thank them for their service to our Country. MAKE AMERICA GREAT AGAIN!&#8221; he wrote.
Pompeo <a href="https://www.foxnews.com/video/6348516983112/">told</a> Fox News's Neil Cavuto in March, "If I get a chance to serve and think that I can make a difference … I'm almost certainly going to say yes to that opportunity to try and deliver on behalf of the American people."
Also Read: <a href="https://www.benzinga.com/news/24/11/41868873/trump-family-shake-up-whos-in-whos-out">Trump Family Shake-Up: Who&#8217;s In, Who&#8217;s Out</a>
Haley, who was the last challenger standing to Trump for the Republican presidential nomination this year, expressed her pride in having served in Trump&#8217;s first term and wished success to him and his team for the next four years.
Trump has selected Susie Wiles for the pivotal role of chief of staff, and has named ex-Sen. Kelly Loeffler (R-Ga.) and real estate investor Steve Witkoff as co-chairs of the inauguration committee.
Why It Matters: This decision marks a significant shift in Trump&#8217;s administration, as both Haley and Pompeo were key figures in his previous tenure. 
Their exclusion from the new administration indicates a possible change in Trump&#8217;s approach to governance and foreign policy. This development could also impact the political dynamics within the Republican Party, given the prominent roles both Haley and Pompeo have played.
The selection of Wiles, Loeffler and Witkoff further suggests a reshaping of the administration&#8217;s leadership structure.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Trump Won't Ask Haley Or Pompeo To Join New Administration

On Nov. 6, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40937953/larry-fink-defies-blackrocks-largest-shareholder-to-make-a-bold-bet-on-bitcoin-heres-how-h">BlackRock's </a>iShares Bitcoin Trust (IBIT) achieved an unprecedented trading milestone, with volume spiking to $4.1 billion in a single day – its highest ever. This surge, following Donald Trump's reelection as President of the United States, signals a potent wave of institutional and potentially retail interest in cryptocurrency ETFs.
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Bloomberg ETF analyst Eric Balchunas noted on X (formerly Twitter) that this massive trading volume exceeded that of established stocks like Berkshire Hathaway, Netflix and Visa, making it an extraordinary day for Bitcoin on the ETF front. To add perspective, many Bitcoin ETFs also saw a significant uptick, trading at nearly twice their typical volume. This is reminiscent of Bitcoin ETFs&#8217; highly volatile early days in January.
Analysts attribute this remarkable performance to a mix of factors, including Bitcoin's price momentum, which saw the asset climb to a record high of $76,500. However, based on TradingView data shortly after, the asset's price dipped slightly to $75,267. Nevertheless, it remains one of the dominant assets in 2024's ETF outlook.&nbsp;
Trending: 1 in 4 Americans own a share of Bitcoin according to NASDAQ — <a href="https://www.benzinga.com/money/binance-100">this platform touts returns as high as 12.5% APY and is giving $100 in welcome rewards if you sign up today.</a>
As ETF Store president Nate Geraci highlighted in an X post, Bitcoin ETFs have become some of the most successful launches this year. Additionally, Trump's return to office has sparked optimism in the crypto space, with many pointing to his pro-crypto stance and anticipated policy support as potential catalysts for Bitcoin's continued growth.
As Bitcoin ETFs break new ground, the broader landscape has seen asset managers scramble to file for a range of altcoin-focused ETFs, including those for Solana, XRP and Litecoin. They've also proposed several crypto index ETFs, allowing investors to hold diversified digital assets.&nbsp;
Balchunas previously described these filings as "call options on a Trump victory," indicating that fund managers may be banking on a favorable regulatory climate under the new administration. Should pro-crypto policies become a reality, experts believe the market may see even more significant inflows and innovations in the ETF space.
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However, it's not all rosy for Bitcoin purists. Some argue that the rising influence of financial giants like BlackRock could undermine Bitcoin's foundational decentralization ethos. The concern is that as these firms accumulate substantial Bitcoin holdings, they could inadvertently centralize control, threatening the independence that originally attracted many to <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40971599/well-its-crypto-its-ai-its-some-of-the-other-things-says-donald-trump-unsure-of-what-his-n">cryptocurrency</a>.&nbsp;
An anonymous crypto analyst noted that while ETFs add stability to Bitcoin's market presence, they may also consolidate assets in traditional institutions' hands, potentially conflicting with the decentralized ideals that underpin the crypto space.
The political climate is also adding complexity. A recent CryptoSlate report suggested that shifts in U.S. policy, especially following Trump's election, could significantly sway crypto ETF inflows. Furthermore, changes in the U.S. administration can send ripples through the market, potentially creating both opportunities and volatility.&nbsp;
With Trump's pro-crypto stance, some analysts, like Fadi Aboualfa, head of research at Copper.co, predict that Bitcoin's price could reach $100,000 by his inauguration on January 20.
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Massive Day For BlackRock's Bitcoin ETF As Trading Volume Reaches Unseen Levels With $4.1 Billion Traded

Shaquille O'Neal–<a href="https://www.benzinga.com/personal-finance/24/10/41561800/nba-legend-shaq-says-i-spent-a-million-dollars-in-30-minutes-on-a-major-spending-spree-then-a-ba">NBA legend, business owner and all-around big personality – </a>isn't about to let his kids coast on his fortune. Despite being worth an estimated $500 million, Shaq's set some serious ground rules for passing down his wealth. In his eyes, "Daddy's cheese" is off-limits unless they meet one big requirement: education.
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Shaq's Big Rule: Education First
Shaq doesn't want his six kids growing up relying on his money. He wants them to build their careers and make a name for themselves. In a 2022 podcast with Logan Paul, Shaq spelled it out, saying he expects his kids to get at least three college degrees before they even think about his money. No degrees, no inheritance – it's that simple.
"I tell them, ‘We're not rich, I'm rich,'" Shaq explained, clarifying that he wants his kids to understand the value of hard work and education. Shaq joked, "Somebody give me a law school, somebody give me hedge fund." He's thrilled about his daughter Taahirah, who works as a marketing director at Pepsi and hopes the rest of his kids find success, too.
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He continued relaying the message to his kids: "I just want you to have an education, have fun, be yourself. And I tell them and they kinda got mad at this, &#8216;In order to touch daddy&#8217;s cheese, <a href="https://www.benzinga.com/personal-finance/24/08/40658562/nba-legend-shaq-tells-his-kids-in-order-to-get-my-cheese-you-have-to-present-me-with-two-degrees">you gotta have 3 degrees</a>.'&#8221;
"We Don't Need Another NBA Player in the Family"
Even though Shaq is one of the biggest names in basketball, he's not pushing his kids to follow his path to the NBA. Sure, he'll support them if that's what they want, but he'd rather see them in fields like medicine, law or finance – anything where they can build careers that don't rely on fame or athletics.
Shaq explained in the Earn Your Leisure podcast that same year, "I tell them all the time, we don't need another NBA player in the house. If you want to play, I can help you, but I'd rather see a doctor, dentist, hedge fund guy or maybe even a world traveler."
See Also: According to Vanguard&#8217;s Advisor&#8217;s Alpha Study, working with a financial advisor can result in approximately 3% higher net returns annually,<a href="https://www.benzinga.com/money/3-percent-advantage-financial-advisor"> here are the benefits of partnering with a financial advisor and how to find the right one near you in minutes.</a>
Building Generational Wealth, Not Just Inheriting It
For Shaq, this approach is <a href="https://www.benzinga.com/real-estate/24/09/40836966/do-you-want-to-look-inside-no-ill-take-it-shaq-bought-a-house-on-the-spot-because-it-was-right-acros">all about building generational wealth</a> in a lasting way. He's not just thinking about passing down money; he wants to set his kids up with tools and mindsets that will keep them successful for the long haul. Shaq focuses on motivating his kids to work hard and create something they can be proud of, not just to live off what he's made.
In his own life, Shaq has walked the walk: He kept learning even after his NBA career took off, earning a bachelor's degree, an MBA and a doctorate in education. By setting this example, Shaq is showing his kids that education is the foundation for anything they want to achieve.
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Shaq's Legacy: More Than Money
Shaq's way of parenting is about more than setting rules; it's about teaching values. By raising the bar and prioritizing education, he's sending a clear message: success isn't just about money or fame – it's about personal growth and hard work. Shaq's kids may have one of the world's most famous fathers, but with him at the helm, they'll have to earn their spot in the world.
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Personal Finance

Shaq's Got A $500 Million Fortune, But His Kids Aren't Getting a Dime Without Earning It–'You Need 3 Degrees To Touch Daddy's Cheese'

Microsoft co-founder Bill Gates recently expressed his readiness to relinquish 62% of his wealth under a proposed tax system <a href="https://www.benzinga.com/news/24/08/40429632/book-bill-gates-leadership-instills-fear-created-kings-court-like-atmosphere-at-foundation">aimed at the affluent</a>.
What Happened: Gates, who has a net worth of approximately $139 billion according to Forbes, discussed his perspective on wealth disparity in the Netflix docuseries &#8220;What&#8217;s Next? The Future with Bill Gates.&#8221; 
According to a report <a href="https://www.cnbc.com/2024/09/30/is-bill-gates-too-rich-i-would-take-away-62-percent-of-what-i-have-he-says.html">by</a> CNBC, he referred to the existence of billionaires as &#8220;a peculiar phenomenon&#8221; and underscored the necessity for the wealthy to contribute more to society.
Although Gates didn&#8217;t directly address whether he considered himself &#8220;too wealthy,&#8221; he voiced his support for a tax system where those with greater wealth pay a larger proportion in taxes. He disclosed that under his suggested tax system, he would forfeit about 62% of his wealth.
"It's kind of wild that we do have billionaires. It's a huge amount of wealth, which if you even tried to consume it would be kind of absurd. You want that money to be given back to society, not just consumed," Gates said. 
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&nbsp;"I'm not saying it's some awful thing to be on the list. I'm just making it clear it's not a positive thing," he said. "I think the world would be better if billionaires voluntarily chose to give more money away."
Gates also referred to a discussion with Sen. Bernie Sanders, a strong proponent of significantly higher taxes for the rich.
"I would set tax rates quite a bit higher for rich people," he said during the interview, citing a conversation he had with Sanders.
"I would not make it illegal to be a billionaire. Sanders would take away over 99% of what I have. I would take away 62% of what I have. So that's a difference," he added. 
Why It Matters: Gates&#8217; viewpoint on wealth inequality isn&#8217;t a recent development. His philanthropic organization, the Bill &amp; Melinda Gates Foundation, has contributed billions to tackle global challenges such as poverty and inequality. 
He also urges other billionaires to participate in his Giving Pledge, a promise to donate at least half of their wealth to charitable causes.
Despite his stance on wealth redistribution, Gates continues to be a staunch supporter of capitalism and the necessity for financial incentives to foster hard work and innovative thinking.
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This content was partially produced with the help of AI and was reviewed and published by Benzinga editors.
Image: Shutterstock

Success Stories

MSFT

Bill Gates Ready To Give Up 62% Of His Fortune, Advocates For Wealth Tax

Mary Trump, the estranged niece of President-elect Donald Trump, has voiced her apprehensions about her <a href="https://www.benzinga.com/news/24/10/41303300/mary-trump-because-donald-is-a-world-class-hypocrite-it-turns-out-his-interviews-have-been-edited">uncle&#8217;s electoral triumph</a>.
What Happened: Mary Trump expressed her disapproval of the election outcome in a Substack <a href="https://www.marytrump.org/p/waking-up-to-the-end-of-america">post</a>, terming it a &#8220;violent, reckless decision&#8221; by voters and calling it &#8220;much worse than 2016.&#8221;
She presented a grim forecast for the years to come under the second Trump administration, stating, &#8220;There&#8217;s no false hope; no silver lining.&#8221; She also cautioned that &#8220;fascism is here, and we have to confront it head-on.&#8221;
&#8220;There is a lot that&#8217;s going to be playing out in the next days, weeks, and months, and we are going to have to grapple with all of it under pretty unimaginable circumstances,&#8221; she wrote.
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Prior to this, several ex-officials from the Trump administration, including former Chairman of the Joint Chiefs of Staff Mark Milley and ex-chief of staff John Kelly, had labeled President-elect Trump as a fascist. However, Trump has consistently refuted these claims.
In her blog post, Mary Trump warned that the &#8220;tyranny&#8221; of the Trump administration would &#8220;engulf what once was the world&#8217;s greatest democracy.&#8221; She had earlier published a tell-all book about her uncle and his family, alleging his complete incapability to lead the nation.
Donald Trump, on the other hand, has brushed off his niece&#8217;s criticisms, labeling her book as &#8220;disgraceful&#8221; and asserting that she was &#8220;not exactly a family favorite.&#8221;
Why It Matters: The concerns raised by Mary Trump are significant, given her close familial ties and her previous revelations about the Trump family in her book. 
Her warning about the potential threat to democracy under the Trump administration is a serious claim that could influence public perception and the political landscape. 
The fact that her views echo those of former high-ranking officials from the Trump administration lends further weight to her predictions.
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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.

Mary Trump Warns of 'Tyranny' and 'Fascism' Following Uncle's Victory

In a 2017 Q&amp;A with Oxford Union students, <a href="https://www.benzinga.com/startups/24/11/41689618/she-took-82-000-of-the-84-000-we-had-says-mark-cuban-about-the-time-his-employee-almost-bankrupted-h">Mark Cuban opened up about one of his biggest regrets</a> on Shark Tank – and he didn't hold back. When asked about his commitment to the companies he invests in, Cuban emphasized that he's there "'til death do us part" as long as the founders keep grinding.&nbsp;
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Out of his 71 investments on the show, about 12-15 are thriving, while three have exited (although, as he joked, "none really exciting"). Then he got real: at the bottom of his portfolio, Cuban revealed, "10 out of 71 … three have gone out of business and seven have gone out of business but aren't smart enough to know it." The crowd laughed, but Cuban didn't let the moment slide without giving an example of a deal that "still drives him crazy."
The investment he was talking about? A chocolate-covered pretzel company. Although he didn't name it in the Q&amp;A, the company was The Painted Pretzel, founded by Raven Thomas. Cuban had put $100,000 into the company for 25% equity after being impressed by Thomas's passion and the product&#8217;s potential. With the huge PR boost from Shark Tank, sales skyrocketed by 1,500% post-episode – you'd think it was the beginning of something big. But behind the scenes, things unraveled fast.
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The issue? Free shipping. Cuban explained that while the pretzels cost around $14, they sold for $29.95, which should've left a decent $15 profit margin. But shipping? It was $16 a pop. That "free shipping" perk that was supposed to attract more customers devoured the profit. Cuban described it like watching cash "just disappear," adding, "Cash is going like this," motioning to show how fast it bled out. And it wasn't just shipping. The company reportedly faced complaints about delays, adding customer service issues to the pile.
Reflecting on the deal, Cuban admitted, "I probably shouldn't have [invested]," hinting that it was partly to prove a point to his fellow sharks, especially Kevin O'Leary, when he was new to the show. "No lie, to this day, I still get emails …" he trailed off, looking visibly frustrated.
See Also: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
This story is a perfect example of how rapidly scaling a business <a href="https://www.benzinga.com/personal-finance/24/08/40442345/mark-cuban-says-he-drove-cars-that-cost-200-with-holes-in-the-floorboard-and-lived-off-mac-and-c">without watching the numbers</a> can backfire – especially when it comes to something as basic but critical as profit margins.&nbsp;
Cuban's missteps with the pretzel company highlight the importance of keeping <a href="https://www.benzinga.com/personal-finance/24/10/41335504/billionaire-mark-cuban-warns-when-you-win-the-lottery-never-invest-stick-it-in-the-bank-and-live">expenses in check</a> and understanding the bottom line. Even a seemingly popular product with a big-name investor and massive exposure isn't guaranteed to succeed if the numbers don't add up.&nbsp;
As of 2024, The Painted Pretzel is no longer in business, proving that even "sure bets" can go sideways in the world of business.
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<li>This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target –<a href="https://www.benzinga.com/money/mode-mobile-2"> You can still get 4,000 of its pre-IPO shares for just $1,000</a></li>
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Startups

Mark Cuban Reveals Regrettable Shark Tank Deal That 'Drives Him Crazy' Was A Chocolate Covered Pretzel Company Who Offered Free Shipping

Renowned investor and author Robert Kiyosaki has set a goal to acquire 100 Bitcoins by 2025, regardless of the cryptocurrency&#8217;s <a href="https://www.benzinga.com/news/24/08/40147003/rich-dad-poor-dad-author-robert-kiyosaki-sees-wealth-accumulation-in-market-declines-markets-are-cra">fluctuating price</a>.
What Happened: In a post on X, Kiyosaki shared that he currently holds 73 Bitcoins and is steadily increasing his holdings. He has mentioned that he does not wait for a price drop to invest, a mindset he equates with &#8220;a poor person.&#8221;
He also said that his investment journey began with silver, which he started buying when it was priced at $1 per ounce. Despite the price hike to $32 per ounce, he continued to invest. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">WORDS &amp; THOUGHTS of a poor person. 1: Bitcoin costs $76,000. "That's too expensive. II will wait till the price goes down." 2: Gold is $2684 an ounce. "That's too expensive. I will wait for the price to come down." 3. Silver is $32.00 an ounce. "That's too expensive.…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1855098994797727982?ref_src=twsrc%5Etfw">November 9, 2024</a></blockquote>
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He employs the same strategy with Bitcoin, having made his initial purchase when it was valued at $6,000. Even with Bitcoin&#8217;s current valuation hovering around $76,000, Kiyosaki remains steadfast.
Also Read: <a href="https://www.benzinga.com/news/24/10/41305328/robert-kiyosaki-predicts-stock-market-crash-says-invest-in-gold-silver-and-bitcoin">Robert Kiyosaki Predicts Stock Market Crash, Says Invest In Gold, Silver, And Bitcoin</a>
His investment interests are not confined to Bitcoin. Kiyosaki also invests in gold, silver, income-generating real estate, and gold-producing mines. He advocates for a diversified portfolio as a means to grow wealth in various ways.
Although Kiyosaki regrets not investing in Bitcoin when it was merely $10 per coin, he underscores the significance of regular investment over time, rather than waiting for prices to drop. 
His strategy is to accumulate as many assets as possible for the long haul, viewing this as the fundamental principle of wealth creation.
Why It Matters: Kiyosaki&#8217;s investment strategy highlights the importance of consistent investment and diversification. His approach of not waiting for price drops to invest, but rather focusing on long-term accumulation of assets, offers a different perspective on wealth creation. 
This approach may inspire other investors to rethink their investment strategies, particularly in the volatile world of cryptocurrencies. 
His unwavering commitment to his investment goals, despite market fluctuations, underscores the potential of long-term investment in wealth accumulation.
Read Next
<a href="https://www.benzinga.com/news/24/09/40869188/robert-kiyosaki-rings-alarm-bells-over-soaring-us-debt-the-dollar-is-trash" target="_blank" rel="noreferrer noopener">Robert Kiyosaki Rings Alarm Bells Over Soaring US Debt: ‘The Dollar Is Trash'</a>

Kiyosaki Aims To Own 100 Bitcoins By 2025: 'I Wish Bitcoin Was Back To $10 A Coin, But Wishing Has Never Made Poor People Richer'

In a historic development, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has surpassed the $80,000 milestone, propelled by President-elect Donald Trump&#8216;s supportive stance on cryptocurrencies and the potential for a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41703454/analyst-says-this-crypto-could-explode-by-up-to-3-765-and-it-is-not-bitcoin-or-solana">crypto-friendly Congress</a>.
What Happened: According to CoinMarketCap, Bitcoin&#8217;s value surged as much as 4.7% to an unprecedented $80,092 before falling back to around $79,700 early Sunday.
Bitcoin and other cryptocurrencies have seen a sharp rise, marking a significant day for liquidations. <a href="https://www.coinglass.com/LiquidationData">Data </a>from Coinglass.com reveals that more than $430 million in derivatives positions were cleared in just 24 hours.
Digital currencies, such as Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), also experienced a surge.
During his campaign, Trump made commitments to place the US at the forefront of the digital-asset industry. 
His strategies include establishing a strategic Bitcoin reserve and appointing regulators who are in favor of digital assets. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41866459/crypto-analyst-sees-bitcoin-hitting-80000-this-month">This Crypto Analyst Sees Bitcoin Hitting $80,000 This Month</a>
After last week&#8217;s election, the Republican Party, led by Trump, gained control of the Senate and is close to retaining a slim majority in the House.
Le Shi, the Hong Kong managing director at market-making firm Auros, <a href="https://www.bloomberg.com/news/articles/2024-11-10/bitcoin-btc-on-cusp-of-80-000-for-first-time-on-optimism-over-trump?sref=TBDibEcD">told</a> Bloomberg, &#8220;With the dust from Trump's victory still settling down, it was only a matter of time before a run-up of some sort occurred given the perception of Trump being pro-crypto.&#8221;
At the time of writing, Bitcoin was trading at $79,741.85, up by almost 5 per cent in the last 24 hours, 18% up in the last seven days. &nbsp;&nbsp;
Why It Matters: Bitcoin&#8217;s value has seen a 90% increase in 2024, driven by robust demand for dedicated US exchange-traded funds and interest-rate cuts by the Federal Reserve. 
The surge in Bitcoin, which hit new highs following the US election, outperforms returns from other investments like stocks and gold. 
This significant rise underscores the growing acceptance and adoption of digital currencies, further solidifying their place in the global financial landscape.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40869320/micha-l-van-de-poppe-predicts-massive-bitcoin-surge-says-price-may-soar-by-890" target="_blank" rel="noreferrer noopener">Michaël Van De Poppe Predicts Massive Bitcoin Surge, Says Price May Soar By 890%</a>

$ADA

$BTC

$DOGE

Bitcoin Surges Past $80,000 Milestone For First Time On Optimism Over Trump

As the era of the &#8220;Trump trade&#8221; draws to a close, the market&#8217;s attention is shifting towards the potential impacts of President-elect Donald Trump&#8216;s policy <a href="https://www.benzinga.com/news/24/10/41561298/elon-musk-pumps-more-than-130m-into-trump-and-gop-campaigns">priorities on investments</a>.
What Happened: A recent report by The Wall Street Journal suggests that investors are attempting to predict which of Trump&#8217;s campaign pledges will become actual policy actions. 
This task is complicated by the fact that some of Trump&#8217;s promises, such as lower corporate taxes and deregulation, are seen as beneficial for the economy and stock prices, while others, like immigration clampdowns and high tariffs, are viewed as potential economic obstacles.
The <a href="https://www.wsj.com/finance/investing/trump-election-trade-markets-a29100cc?mod=hp_lead_pos9">report</a> by the Journal suggests that during his first term, Trump quickly enacted policies that were not favored by the markets, including stringent immigration rules and withdrawal from the Trans-Pacific Partnership trade deal.
However, his firm stance on reducing illegal immigration and the eventual implementation of expected tax cuts and regulatory easing had significant impacts on the market.
Meanwhile, Trump has proposed making billionaire Elon Musk his &#8220;efficiency czar,&#8221; hinting at a potential return to lighter regulations reminiscent of the pre-Nixon era.
Also Read: <a href="https://www.benzinga.com/news/24/10/41563454/trumps-escalating-threats-to-rivals-100-and-counting">Trump&#8217;s Escalating Threats To Rivals: 100 And Counting</a> 
Yet, clean air, safe drinking water, dependable vehicles, and stable banks remain high priorities for voters. 
Carefully evaluating which regulations to remove or uphold will take time, and a drastic approach to cutting red tape might risk losing support from many backers.
Investors are currently optimistic, purchasing U.S. stocks and selling Treasurys, betting on higher growth and less red tape. 
However, the sequence in which Trump&#8217;s policies will be implemented remains unknown, introducing an element of uncertainty to the market&#8217;s outlook.
Chris Brightman, CEO of Research Affiliates, pointed out that stocks have historically trended upward for approximately 20 trading days following elections as uncertainty is resolved, before the effect fades. 
Whether this pattern will hold true in the current scenario is yet to be determined.
Why It Matters: As the markets navigate this uncertain landscape, the challenge of distinguishing between Trump&#8217;s literal and serious intentions continues to be a crucial factor for investors. 
The potential impacts of Trump&#8217;s policy priorities on investments could significantly shape the future of the market, making it essential for investors to stay informed and prepared.
Read Next
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This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image: Shutterstock

Here's How Trump's Policies Might Shape The Market's Future

Jon Favreau, a former official in the Obama administration, said that President Joe Biden&#8216;s internal campaign polling had foreseen Donald Trump winning &#8220;400 electoral votes&#8221; against Biden.
What Happened: Favreau made the startling statement on his &#8220;Pod Save America&#8221; podcast.
"Then we find out when the Biden campaign becomes the Harris campaign, that the Biden campaign's own internal polling at the time when they were telling us he was the strongest candidate, showed that Donald Trump was going to win 400 electoral votes,"&nbsp;Favreau said in the podcast and as posted on social media platform X.
Favreau&#8217;s assertions indicate that the Biden campaign&#8217;s internal polling had predicted Trump&#8217;s potential landslide victory, even while they were projecting Biden as the most formidable candidate.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"Joe Biden's decision to run for president again was a catastrophic mistake." &#8211; <a href="https://twitter.com/jonfavs?ref_src=twsrc%5Etfw">@JonFavs</a> Listen to more Pod Save America wherever you get your podcasts. <a href="https://t.co/nhtO9hs4aA">pic.twitter.com/nhtO9hs4aA</a>
&mdash; Pod Save America (@PodSaveAmerica) <a href="https://twitter.com/PodSaveAmerica/status/1854950164068184190?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote>
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Favreau took the Biden team to task for their delayed recognition of public dissatisfaction over inflation and for undermining Vice President Kamala Harris&#8216; prospects of victory. 
He also voiced his disillusionment with Biden and his team, mirroring feelings expressed by other alumni of the Obama administration.
Also Read: <a href="https://www.benzinga.com/news/24/11/41866659/pelosi-faults-bidens-late-withdrawal-for-trumps-victory">Pelosi Faults Biden&#8217;s Late Withdrawal For Trump&#8217;s Victory</a>
"Joe Biden's decision to run for president again was a catastrophic mistake. They refused to acknowledge until very late, that anyone could be upset about inflation. And they just kept telling us that his presidency was historic and it was the greatest economy ever," Favreau added. 
Contrary to these accusations, a source from within the Biden campaign has refuted these allegations, asserting that their internal polling never indicated Biden losing by such a wide margin, <a href="https://nypost.com/2024/11/09/us-news/ex-obama-official-claims-bidens-internal-polling-had-trump-winning-400-electoral-votes-catastrophic-mistake/">reports</a> the New York Post.
Trump won 312 electoral votes in his victory over Harris last week.
Why It Matters: This revelation could potentially shed light on the internal dynamics of the Biden campaign and its decision-making process.
It also raises questions about the reliability of internal polling and the potential impact of such predictions on campaign strategies. 
Furthermore, it underscores the importance of addressing public concerns promptly and effectively, as well as the potential consequences of undermining potential successors within the same party.
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This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image: Shutterstock

Biden's Internal Polls Reportedly Predicted Trump Landslide

For over three decades, one of America's largest banks, JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), has refused to pay out a $331 monthly pension to Elaine Silverberg, widow of one of their former longtime employees, according to The New York Post. The publisher recently reported on the ordeal that has left the widow fighting for what should be hers – a battle she has been waging for over 13 years.
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Elaine's late husband, Melvyn Silverberg, worked for Chase Manhattan Bank as a systems analyst until 1979. Tragically, he passed away at just 43 years old in 1988 due to multiple organ failure, leaving Elaine, who was just 37, to raise their three children alone. Since then, Melvyn&#8217;s $53,000 pension from his 10 years at the bank has been in limbo for more than 36 years as Elaine has battled to collect it upon her retirement.
In a statement to the New York Post, <a href="https://www.benzinga.com/quote/JPM">JPMorgan Chase</a> admitted that Melvyn had earned a vested retirement package but claimed that he had failed to complete the necessary paperwork to elect his wife as a beneficiary. Unfortunately, Mel passed away before the 1984 Retirement Equity Act, which automatically granted pension benefits to spouses, came into effect. Because Mel's employment ended before this law was passed, the bank has used this technicality to argue that Elaine is not entitled to any payments.
Trending: Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a>
Elaine, now 73, said that the company has treated her like &#8220;an insignificant cockroach just to be stepped on.&#8221; The bank has not backed down despite her repeated pleas and even enlisting the help of Sen.<a href="https://www.benzinga.com/markets/cannabis/24/01/36800756/cory-booker-moves-to-protect-weed-rights-in-federally-funded-housing-no-one-should-face-eviction"> Cory Booker</a> of New Jersey and former New York congressman Eliot Engel.
According to the <a href="https://www.benzinga.com/personal-finance/24/08/40096914/social-security-administration-is-in-a-customer-service-crisis-says-ssa-commissioner-and-u-s-cit">Social Security Administration</a>, the pension should payout $331 monthly, which isn&#8217;t exactly a life-altering amount for a bank that made almost <a href="https://www.benzinga.com/24/10/41300013/jp-morgan-and-wells-fargo-report-better-than-expected-q3-results-that-reflect-resilient-u-s-consumer">$13 billion in profits in the third quarter</a> alone this year.&nbsp;
JPMorgan Chase says they sympathize with Elaine but cannot make an exception without the required paperwork. To add insult to injury, correspondence reviewed by the paper shows that the bank allegedly contacted Melvyn multiple times after his death, including once in 1990, asking him to elect for spousal coverage – two years after he had already passed away.
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
Elaine argues that she never received these letters and has been denied what is rightfully hers due to bureaucracy and technicalities. According to a senior lawyer at the mid-Atlantic Pension Counseling Project, the bank&#8217;s reasoning is &#8220;weak&#8221; and highlights a common problem in which pension plans place the burden of evidence on widows like Elaine, who have to &#8220;prove a negative&#8221; years later.
For a bank like JPMorgan, $53,000 isn&#8217;t much, but to Elaine, it is a testament to her husband&#8217;s efforts and the stability he worked so hard to create. &#8220;This is a lot of money to me,&#8221; she said. &#8220;For them, it's just a joke.&#8221;
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<li>Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
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For 36 Years, JPMorgan Chase Has Denied A $331 Monthly Pension To An Employee's Widow. The Sum In Question? 'Only' $53,000

In the wake of President-elect Donald Trump&#8216;s victory this week, the Trump family is preparing to step back into the limelight. However, not all family members will be returning to Washington. Instead, some unexpected <a href="https://www.benzinga.com/news/24/11/41703542/mary-trump-on-trumps-lack-of-empathy-why-is-it-that-the-more-awful-things-donald-does-the-less-it-se">individuals are anticipated to join the advisory team</a>.
What Happened: Donald Trump Jr. is expected to play a crucial role in his father&#8217;s second term. He says he will play a bit role in selecting his father&#8217;s Cabinet, thereby enhancing his clout within the returning First Family.
As per a report <a href="https://www.thedailybeast.com/trump-family-power-rankings/">by</a> The Daily Beast, despite being Trump&#8217;s senior fundraiser, the position of Don Jr.&#8217;s fiancée Kimberly Guilfoyle, seems to be unstable position. Her relationship with Don Jr. and his children appears to be tense, which could affect her future role.
Meanwhile, Don Jr.&#8217;s daughter, Kai Trump, is emerging as an important figure in the next generation of Trumps. Her ability to portray her grandfather in a relatable way could be a strategic advantage in preserving the Trump legacy.
Barron Trump, the President-elect&#8217;s youngest child, is speculated to be the force behind his father&#8217;s podcast appearances and interviews. His influence within the family is predicted to increase.
Also Read: <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">Trump&#8217;s Win Sends Wall Street To Record Highs; Small Caps, Tesla Outperform, Fed Cuts Interest Rates: This Week In The Market</a>
Despite her difficulty in connecting with the MAGA fanbase, returning First Lady Melania Trump will continue to be a part of Trump&#8217;s presidency. Meanwhile, Tiffany Trump&#8216;s popularity has recently surged, and Lara Trump has demonstrated her value as co-chair of the RNC.
However, Ivanka Trump has decided to not participate in this presidency, which could limit her potential impact on the administration. Nevertheless, her closeness to Trump&#8217;s Mar-a-Lago residence ensures her continued influence within the family.
Why It Matters: The changing dynamics within the Trump family could have significant implications for the administration&#8217;s future policies and strategies. 
The involvement of new faces in the advisory team and the shifting roles of existing members could bring fresh perspectives and potentially alter the course of the presidency. 
The family&#8217;s influence on the administration&#8217;s decisions and their ability to connect with the public could be key factors in shaping the legacy of Trump&#8217;s second term.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Trump Family Shake-Up: Who's In, Who's Out

The IRS recently announced that contribution limits for <a href="https://www.benzinga.com/personal-finance/24/10/41318259/with-all-due-respect-this-makes-no-sense-suze-orman-explains-why-this-1-6-million-401-k-rollover">401(k) retirement plans</a> will increase in 2025, allowing workers to save more for their future. Beginning next year, employees can contribute up to $23,500 to their 401(k) plans, $500 more than the limit in 2024.&nbsp;
This increase also applies to other retirement savings plans, including 403(b) plans, governmental 457 plans and the federal government's Thrift Savings plan.&nbsp;
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>
<h2 class="wp-block-heading">Catch-Up Contributions for Older Workers</h2>
Workers age 50 and older can continue to take advantage of the catch-up contribution, allowing them to contribute up to $7,500 over the standard limit. This means they can contribute up to $31,000 to their 401(k) plans in 2025.&nbsp;
The SECURE 2.0 Act of 2022 introduces an even higher catch-up provision for individuals aged 60 to 63. According to the IRS, these workers can contribute up to $11,250 in catch-up funds, significantly boosting their annual retirement savings potential.
Vanguard reports that 15% of people ages 50 and older with catch-up contribution features put more into their retirement plans. However, only 14% of people with workplace retirement plans contribute the maximum amount allowed.&nbsp;
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<h2 class="wp-block-heading">IRA Contribution Limits Remain Steady</h2>
While the 401(k) contribution limit will increase, the IRS did not raise the annual contribution limit for Individual Retirement Accounts (IRAs), which will stay at $7,000 in 2025. The catch-up contribution for IRAs will also remain the same, allowing people ages 50 and over to contribute an additional $1,000 yearly.&nbsp;
<h2 class="wp-block-heading">Income Phase-Out Adjustments for IRAs</h2>
In 2025, the income phaseout ranges for IRA deductions will increase to reflect cost-of-living changes. For example, single taxpayers covered by a workplace retirement plan can deduct IRA contributions up to an income of $89,000 (up from $87,000 in 2024). For married couples filing jointly, the phaseout range for deducting contributions is between $126,000 and $146,000.
The income thresholds for <a href="https://www.benzinga.com/personal-finance/24/10/41292218/americans-beware-suze-orman-explains-the-little-known-trick-to-dodge-the-social-security-tax-tor">Roth IRAs</a> have also been updated. Single filers can now contribute to a Roth IRA if their income is under $165,000, while married couples filing jointly face a phaseout range of $236,000 to $246,000.
See Also: According to Vanguard&#8217;s Advisor&#8217;s Alpha Study, working with a financial advisor can result in approximately 3% higher net returns annually,<a href="https://www.benzinga.com/money/3-percent-advantage-financial-advisor"> here are the benefits of partnering with a financial advisor and how to find the right one near you in minutes.</a>
<h2 class="wp-block-heading">Standard Deduction and Other IRS Adjustments</h2>
The IRS has also increased the standard deduction. Single taxpayers and married individuals filing separately can now deduct $15,000 in 2025, up from $14,600 in 2024. Married couples filing jointly will see their standard deduction rise to $30,000, while heads of households receive an increase to $22,500.
These annual adjustments are part of the IRS's efforts to help Americans manage <a href="https://www.benzinga.com/personal-finance/24/11/41728751/even-as-inflation-cools-most-americans-cant-get-ahead-and-continue-living-paycheck-to-paycheck-r">rising living costs </a>and maintain their retirement savings. The new limits reflect the rising cost of living and provide workers more flexibility in building their retirement savings while encouraging older workers to save more as they near retirement.
Understanding these updates can help savers make informed decisions about their <a href="https://www.benzinga.com/personal-finance/financial-advisors/24/11/41702991/americans-worried-theyll-mess-up-retirement-income-planning-almost-half-fear-">retirement planning</a> for the coming year.
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IRS Bumps Up 401(k) Limits For 2025 – Find Out How Much You Can Now Contribute

The 2024 election victory of former President Donald Trump, coupled with Republicans retaking the Senate and possibly retaining the House of Representatives, has put the spotlight on what this <a href="https://www.benzinga.com/topic/taxes">means for tax policy.</a>
Tax experts agree a likely result is the extension of key components of the 2017 Tax Cuts and Jobs Act (TCJA).
Ben Henry-Moreland, a senior financial planning expert at Kitces.com, <a href="https://www.thinkadvisor.com/2024/11/06/what-trumps-win-means-for-estate-tax-planning/">told </a>Think Advisor that he anticipates a &#8220;Republican trifecta&#8221; in Washington, making the extension of the TCJA provisions highly probable. This includes the historically high estate tax exemption, higher standard deduction, lower income tax brackets, and the restructured alternative minimum tax (AMT) framework.
While there is a possibility that Republicans could seek to repeal the estate tax entirely, Henry-Moreland notes that the current high exemption levels mean the tax only applies to the wealthiest Americans, making it a lower priority compared to other policy changes.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41849984/powell-brushes-off-trumps-removal-threat-economists-say-2026-could-be-his-last-stand">Powell Brushes Off Trump&#8217;s Removal Threat: Economists Say 2026 Could Be His Last Stand</a>
One caveat is that state-level estate and inheritance taxes will still need to be considered, as many states maintain lower exemptions than the federal government. Trust planning to move assets out of estates and avoid state-level taxes is likely to continue, according to Think Advisor.
The current AMT framework, which has significantly reduced the number of households subject to the tax, is also expected to be extended, preventing a return to the pre-2018 rules that would have affected more taxpayers.
Similarly, the higher standard deduction and limitations on state and local tax (SALT) deductions are likely to remain in place, despite Trump&#8217;s comments to the contrary during his campaign. While the SALT cap has been criticized, it has not had as severe an impact as anticipated, as many high-income taxpayers were already subject to the AMT before the TCJA changes.
Leslie Gillin Bohner, chief fiduciary officer at Fiduciary Trust International, echoes the view that most TCJA provisions will likely be extended, advising clients to adopt a &#8220;wait-and-see approach&#8221; and plan on their timeline to utilize remaining exemption amounts, Think Advisor reports.
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41848568/us-consumer-sentiment-rises-more-than-predicted-to-6-month-highs-inflation-expectations-hit-4-year-low">US Consumer Sentiment Rises More Than Predicted To 6-Month Highs, Inflation Expectations Hit 4-Year Low</a></li>
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Financial Advisors

What Trump's Victory Could Mean For The 2017 Tax Cuts

As open enrollment kicks off, employees may find an unpleasant surprise in their 2025 <a href="https://www.benzinga.com/personal-finance/24/09/40969498/insurance-companies-turn-every-claim-into-a-fight-heres-how-mark-cuban-thinks-transparency-could">health insurance premiums</a>. Increased adoption of GLP-1 drugs, rising catastrophic claims and other cost pressures are driving employer-sponsored health insurance costs to new heights. Current projections range from 7% to 8% average cost increases, making these changes some of the highest in decades.&nbsp;
Mercer reports that smaller employers – those with 50-499 employees – are facing increases as high as 9% if they don't take action to lower them.&nbsp;
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<h2 class="wp-block-heading">What are the key drivers behind these rising premiums?&nbsp;</h2>
GLP-1 drugs, including popular names like Ozempic and Wegovy, which were initially prescribed for managing diabetes, are now widely used for weight loss. The demand for these drugs has grown, further driving the cost for employers that cover them in health care<a href="https://www.benzinga.com/personal-finance/24/10/41570507/medicare-advantage-shake-up-how-health-insurance-plans-could-change-for-up-to-44-000-new-hampshi"> plans</a>.&nbsp;
Coverage for these medications varies widely across plans; while many employers cover GLP-1 for diabetes treatment, fewer provide coverage for these drugs as a weight loss treatment. Employees considering these medications should check their 2025 coverage, as some policies may have shifted.&nbsp;
Trending: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Another significant factor is the rise in catastrophic medical claims. These are high-cost claims frequently associated with more serious illnesses and complex treatments.&nbsp;
According to industry experts, the increasing number of catastrophic claims can largely be attributed to rising costs of advanced medical treatments, longer life expectancies and a shortage of health care workers, which has also increased prices.
<h2 class="wp-block-heading">How do these drivers impact employee health care coverage?&nbsp;</h2>
With rising premiums, employees may face tough choices during enrollment. Experts recommend carefully reviewing options and considering how much to budget for health care<a href="https://www.benzinga.com/personal-finance/24/08/40624190/aon-predicts-9-increase-in-employer-health-care-costs-for-2025-heres-whats-fueling-the-spike"> costs</a>.&nbsp;
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
A recent survey from LIMRA, an insurance trade association, shows that workers are willing to spend an average of $233 per month on health care benefits – this has decreased due to inflation. With premiums rising, employees may need to adjust their expectations around health care benefits and associated costs.&nbsp;
High-deductible health plans (HDHPs) can be a cost-saving option for some employees, as they offer lower monthly premiums in exchange for higher out-of-pocket costs. An HDHP paired with a Health Savings Account (HSA) could balance lower premiums and tax-advantaged savings for future health care expenses for those who don&#8217;t expect to need frequent medical services.&nbsp;
Voya Financial recently conducted a survey in which roughly 75% of working Americans prioritize health benefits over higher salaries.&nbsp;
See Also: Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a>
Nate Black, VP of Health Solutions Product at Voya Financial, said, "More than half of employed Americans strongly or somewhat agree they would take a lower salary for employer contributions to health savings and spending accounts (59%) and better access to voluntary benefit offerings such as critical illness, hospital indemnity, disability income and accident insurance (54%)."
As health care premiums increase, employees may face difficult decisions around their employment as they search for better health care coverage options for their families. It's important to take the time to review coverage options fully. Another Voya survey found that almost half of Americans with employer coverage spend less than 20 minutes reviewing their benefits during open enrollment. This short review might not be enough to determine the best plan as premiums continue to rise.&nbsp;
With the challenges driving higher premiums unlikely to ease soon, these cost pressures are expected to persist into 2026. During open enrollment, employees should be proactive in choosing the coverage that best suits their needs and budget.
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</ul>

From GLP-1 Drugs To Catastrophic Claims – Why Employer Health Premiums Are Skyrocketing In 2025

Bitwise Invest CEO Hunter Horsley said on Saturday that there are no overvaluation concerns among Bitcoin investors despite the cryptocurrency hitting new all-time highs this week.
What Happened: &#8220;Bitcoin is different. When Bitcoin&#8217;s price goes up, people view it as more likely that it will succeed, and therefore be even more valuable. And so it&#8217;s likely to go up even further,&#8221; Horsley said.
With stocks, however, when the value rises, investors decide that it is overvalued at one point and become &#8220;less interested&#8221; until the price goes down, Horsely noted while adding that this &#8220;reflexivity&#8221; differentiates Bitcoin from other equities.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A key way Bitcoin is different than equities: reflexivity. When a stock goes up, the multiple does up. At a certain point, people say, &quot;this is over valued&quot; and become less interested until the price goes down. Bitcoin is different. When Bitcoin&#39;s price goes up, people view it…
&mdash; Hunter Horsley (@HHorsley) <a href="https://twitter.com/HHorsley/status/1855045742764999015?ref_src=twsrc%5Etfw">November 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bitcoin is currently trading at $79,069.34, marking an increase of 15.4% over the past seven days, as per data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
Why It Matters: Bitcoin price has been rising over the past few days following Donald Trump&#8216;s victory in the U.S. presidential elections. 
The crypto industry's optimism following Trump's win is in line with recent predictions of a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41814670/donald-trumps-win-coupled-with-macro-factors-sets-stage-for-accelerated-cycle-in-crypto-ma" target="_blank" rel="noreferrer noopener">bullish cycle in the crypto market</a>. Analysts have pointed to favorable macroeconomic conditions and the potential for <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41867357/trump-victory-signals-golden-era-for-us-crypto-says-binance-ceo-as-bitcoin-tops-77k-for-first-time">more crypto-friendly legislation</a> under the Republican administration as key drivers of this anticipated growth.
Binance&nbsp;CEO&nbsp;Richard Teng&nbsp;interprets Trump's victory as a &#8220;golden era&#8221; for the crypto industry and is expecting the arrival of new U.S. regulators who are open to digital currencies. The crypto sector, previously under strain from the preceding Democrat administration, now anticipates a substantial policy shift in Washington.
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Photo courtesy: Unsplash

As Bitcoin Hits All Time High, Bitwise CEO Says There Are No Overvaluation Concerns Among BTC Investors: '..Llikely To Go Up Even Further'

The week was abuzz with major developments in the tech industry. From Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) contemplating another massive investment in AI startup Anthropic, to Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) outlining its unique AI strategy, the tech world was far from quiet.
Amazon Eyes Second Multi-Billion-Dollar Investment in Anthropic
Following a $4 billion investment last year, Amazon is reportedly considering another significant investment in AI startup Anthropic. The startup, co-founded by former OpenAI executives Dario and Daniela Amodei, utilizes Amazon&#8217;s cloud services for training. The e-commerce giant has requested Anthropic to use a substantial number of servers powered by chips developed by the cloud computing giant.
<a href="https://www.benzinga.com/news/24/11/41832230/after-openai-and-perplexity-ai-startup-anthropic-may-secure-another-massive-investment-amazon-report">Read the full article here.</a>
Palantir&#8217;s Unique AI Strategy
Palantir Technologies unveiled its Q3 financial results, highlighting its distinctive strategy of maximizing AI models. Ryan Taylor, Palantir's chief revenue and legal officer, explained that while most investments focus on enhancing AI models, Palantir&#8217;s strategy is to maximize these models within the enterprise context.
<a href="https://www.benzinga.com/news/24/11/41735837/ai-haves-vs-have-nots-palantirs-ryan-taylor-outlines-companys-winning-strategy">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/11/41799239/amazons-andy-jassy-says-i-hate-bureaucracy-as-he-plans-to-slash-managerial-layers-the-goal-again-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon&#8217;s Andy Jassy Says &#8216;I Hate Bureaucracy&#8217; As He Plans To Slash Managerial Layers</a>
Meta&#8217;s AI Ambitions Stung by Rare Bees
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) hit a snag in its plans to construct a nuclear-powered AI data center in the U.S. due to the discovery of a rare bee species on the proposed site. Meta CEO Mark Zuckerberg had intended to collaborate with an existing nuclear power plant operator to provide emissions-free electricity for the new data center. However, environmental and regulatory issues have disrupted the project.
<a href="https://www.benzinga.com/news/24/11/41734318/mark-zuckerbergs-nuclear-powered-ai-ambitions-at-meta-stung-by-rare-bees">Read the full article here.</a>
Super Micro Computer&#8217;s Q1 Earnings Amid Delisting Fears
Significant governance issues at Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) have raised concerns about the company&#8217;s financial credibility. The recent departure of Ernst &amp; Young as its auditor over transparency and governance concerns hit shares even harder. While management has set up a special committee to address the issues, SMCI now faces a Nov. 20 deadline to regain Nasdaq compliance or risk delisting.
<a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41745935/super-micro-computer-posts-q1-earnings-are-delisting-fears-here-to-stay-or-can-the-stock">Read the full article here.</a>
Palantir&#8217;s &#8220;Eye-Popping&#8221; Results
Palantir Technologies reported impressive Q3 financial results, beating analyst estimates on both top and bottom lines. The company&#8217;s total revenue increased by 30% YoY, and its customer count grew by 39%. Wall Street analyst Dan Ives praised the results, referring to Palantir as &#8220;The Messi of AI&#8221;.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">Read the full article here.</a>
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Photo courtesy: 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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Tech

AMZN

PLTR

SMCI

Amazon's AI Investment, Palantir's Winning Strategy, Meta's Bee Problem, And Palantir's 'Eye-Popping' Results: This Week In AI

The week has been a whirlwind of cryptocurrency news, with El Salvador&#8217;s Bitcoin gamble paying off and Standard Chartered predicting a massive surge in the digital assets market. Meanwhile, Detroit is set to become the first major U.S. city to accept cryptocurrency for taxes and other city fees. Let&#8217;s dive into these stories and more.
El Salvador&#8217;s Bitcoin Bet Pays Off &#8211; El Salvador, the pioneer nation in adopting Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a legal tender, has seen an 81% return on its investment. According to Spotonchain data, the country&#8217;s strategic Bitcoin investments, spearheaded by President Nayib Bukele, have yielded gains of $24.54 million. Since November 18, 2022, El Salvador has been purchasing one bitcoin daily at an average price below $42,000. <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41847581/el-salvadors-bitcoin-bet-is-paying-off-heres-how-much-the-country-is-up">Read the full article here.</a>
Standard Chartered Forecasts Crypto Boom &#8211; Standard Chartered predicts a fourfold increase in the digital assets market cap, reaching $10 trillion by the U.S. mid-term elections in late 2026. Geoffrey Kendrick, Head of Research at Standard Chartered, bases this growth forecast on anticipated regulatory shifts following a projected Republican sweep in the recent election cycle. Kendrick expressed confidence that favorable regulatory policies will drive adoption across the asset class. <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41851865/bitcoin-to-200000-ethereum-to-10000-and-crypto-market-cap-to-4x-by-end-of-2025-says-standard-chartered">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41847581/el-salvadors-bitcoin-bet-is-paying-off-heres-how-much-the-country-is-up?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">El Salvador&#8217;s Bitcoin Bet Is Paying Off—Here&#8217;s How Much The Country Is Up</a>
Cryptocurrencies Rally Following Trump Victory &#8211; Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), surged following Donald Trump&#8217;s presidential victory. Bitcoin surpassed its previous all-time high established in March, pushing it above $75,000 for the first time. <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m">Read the full article here.</a>
Speculation Around Charles Hoskinson as Trump Crypto Policy Advisor &#8211; There&#8217;s speculation that Charles Hoskinson, co-founder of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), might serve as a cryptocurrency policy advisor in the Trump administration. This speculation follows recent posts and statements from various figures within the crypto community, hinting at a possible alignment of interests between Hoskinson and the Trump campaign. <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41853924/cardano-up-13-as-speculation-around-charles-hoskinson-as-trump-crypto-policy-advisor-bubbles">Read the full article here.</a>
Detroit Embraces Cryptocurrency &#8211; Detroit is poised to become the first major U.S. city to accept cryptocurrency for taxes and other city fees. Residents will have the option to use cryptocurrencies to pay for utilities through a secure platform managed by PayPal. This initiative is part of a broader strategy to leverage blockchain technology to enhance public services and boost civic engagement in the city. <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41832783/detroit-becomes-first-major-us-city-to-accept-taxes-and-fees-in-crypto-mayor-says-fosterin">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41851865/bitcoin-to-200000-ethereum-to-10000-and-crypto-market-cap-to-4x-by-end-of-2025-says-standard-chartered?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin To $200,000, Ethereum To $10,000 And Crypto Market Cap To 4X By End Of 2025, Says Standard Chartered</a>
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a> 
Image via Shutterstock

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