PAN AFRICAN RES PLC ORD by Pan African Resources PLC Stock (OTC: PAFRF)

Latest News for PAN AFRICAN RES PLC ORD by Pan African Resources PLC Stock (OTC:PAFRF)

Pan African Resources PLC is a precious metals producer based in the United Kingdom. It operates metal mines in South Africa and derives revenue principally through the mining, extraction, and sale of gold. The company conducts its business through the operation of mining projects in various parts of South Africa, such as Barberton Mines, a gold mining project, Phoenix Platinum, and Uitkomst Colliery, located in Newcastle which sell coal to local and export markets. It also operates growth projects, including PAR Gold Proprietary Limited, which derives revenue from providing management and administration services to other group companies.

PAN AFRICAN RES PLC ORD by Pan African Resources PLC

Bitcoin (BTC) is poised for a <a href="https://www.benzinga.com/top-stories/24/05/38903246/bitcoin-ethereum-dogecoin-rally-amid-1-3b-in-etf-inflows-in-2-weeks-fair-to-assume-that-the-way-to-8">price surge</a> as demand begins to outstrip supply, according to a prominent crypto analyst.
What Happened: &#8220;When supply exceeds demand, the asset&#8217;s price tends to decline. Conversely, when demand outstrips supply, the price usually rises. These same principles apply to Bitcoin,&#8221; crypto analyst Ali Martinez wrote on X on Thursday.
The recent market dynamics, including a rise in the supply of BTC after it hit an <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38202781/bitcoin-surpasses-70-000-following-ppi-data-jasmycoin-emerges-as-top-gainer">all-time high</a> of over $73,700 in March, led to a corrective phase that saw the price of Bitcoin drop below $57,000. This drop caused Bitcoin to fall below its &#8220;Short-Term Holder Realized Price,&#8221; sparking market fear as short-term holders are more likely to sell based on price volatility, the analyst said.
&#8220;The Short-Term Holder Realized Price, which currently stands at $60,500, served as an accumulation point despite investors' fears. Indeed, long-term holders felt comfortable adding more than 70,000 $BTC to their positions at these levels after realizing profits in March,&#8221; he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Short-Term Holder Realized Price, which currently stands at $60,500, served as an accumulation point despite investors' fears. Indeed, long-term holders felt comfortable adding more than 70,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> to their positions at these levels after realizing profits in March. <a href="https://t.co/BARIqJM4xH">pic.twitter.com/BARIqJM4xH</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1791128330109952498?ref_src=twsrc%5Etfw">May 16, 2024</a></blockquote>
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Martinez now predicts that the demand for Bitcoin will soon surpass the supply, <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38897781/bitcoin-shows-highest-daily-gains-in-2-months-jack-dorsey-says-price-will-surpass-1-millio">pushing Bitcoin value upwards</a>. He pointed to the movement of over 30,000 BTC to private wallets for long-term holding since early May as evidence of confidence among holders in Bitcoin&#8217;s future value.
Why It Matters: Cryptocurrencies like Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) have seen gains this week after increasing institutional interest in spot Bitcoin ETFs <a href="https://www.benzinga.com/top-stories/24/05/38903246/bitcoin-ethereum-dogecoin-rally-amid-1-3b-in-etf-inflows-in-2-weeks-fair-to-assume-that-the-way-to-8">resulted in $1.3 billion inflows</a> in the last two weeks.
The <a href="https://www.benzinga.com/top-stories/24/05/38903246/bitcoin-ethereum-dogecoin-rally-amid-1-3b-in-etf-inflows-in-2-weeks-fair-to-assume-that-the-way-to-8">next Bitcoin price target</a> for bulls, according to &#8220;Bitcoin OG&#8221; Lluciano aka Lucky is $69,000. Crypto researcher Alex Wacy asked if it&#8217;s &#8220;fair to assume that the way to $80K is now open?&#8221;
Price Action: Bitcoin is currently trading at $66,860, rising by 1.94% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38857448/bitcoin-ethereum-dogecoin-spike-on-good-macro-news-so-far-so-good-says-bullish-trader?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Spike On Good Macro News: &#8216;So Far, So Good,&#8217; Says Bullish Trader</a>
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Bitcoin Price Predicted To Rise Due To 'Demand And Supply Dynamics,' Says Analyst As King Crypto Rebounds 10% In Last 7 Days

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shareholders re-elected outgoing CEO Dave Calhoun to the company&#8217;s board of directors on Friday, contrary to the advice of proxy adviser Glass Lewis. Calhoun had earlier announced his <a href="https://www.benzinga.com/24/03/37951542/boeing-ceo-dave-calhoun-retires-amid-safety-crisis-departs-with-multi-million-dollar-exit-package">retirement by the end of the year</a>.
What Happened: Lewis in April recommended shareholders to vote against the reelection of Calhoun, together with Akhil Johri and David Joyce, citing discontent with how they addressed <a href="https://www.benzinga.com/markets/equities/24/05/38672489/emirates-ceo-tells-boeing-to-get-your-act-together-as-david-calhoun-set-to-step-down-amid-safety">safety and regulatory concerns</a> at the company.
Joyce and Johri were also re-elected on Friday at the company&#8217;s annual shareholder meeting, according to a preliminary tally.
Boeing chairman Steve Mollenkopf told shareholders on Friday that the company has consulted investors and its clients regarding Calhoun&#8217;s successor.
Why It Matters: In January,&nbsp;<a href="https://www.benzinga.com/24/01/36750759/i-am-angry-says-alaska-airlines-ceo-on-boeing-737-max-9-mid-air-blowout-reveals-many-loose-bolts-fou" target="_blank" rel="noreferrer noopener">a door plug panel flew off&nbsp;</a>an&nbsp;Alaska Airlines&nbsp;plane manufactured by Boeing soon after take off. The incident forced the pilots to make an emergency landing.
Since then, Boeing has been at the receiving end of <a href="https://www.benzinga.com/news/24/05/38652488/faa-opens-new-investigation-into-boeing-787-did-employees-falsify-aircraft-records">severe regulatory scrutiny</a> including from the Justice Department. Boeing said in March that its CEO Dave Calhoun<a href="https://www.benzinga.com/markets/equities/24/03/37921734/outgoing-boeing-ceo-vows-persistence-in-crisis-aftermath-we-have-another-mountain-to-climb" target="_blank" rel="noreferrer noopener"> will step down</a> by the end of the year. The company also appointed Stephanie Pope as the new head of its commercial airplanes division, replacing Stan Deal.
The Justice Department has also <a href="https://www.benzinga.com/news/24/05/38845748/justice-department-accuses-boeing-of-2021-settlement-breach">accused Boeing of breaching its 2021 settlement</a> regarding the company&#8217;s involvement in two fatal 737 Max crashes.
Price Action: Boeing shares closed nearly 2% higher at $184.95 on Friday. However, the stock is down nearly 27% year to date, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38906539/tesla-makes-its-3-millionth-car-in-california-despite-rising-inventory-layoffs">Tesla Makes Its 3 Millionth Car In California Despite Rising Inventory, Layoffs</a>
Photo courtesy: Shutterstock and Wikimedia

Tech

Boeing's Outgoing CEO Dave Calhoun Reelected To Board Despite Safety Concerns At Company

The AI safety team at OpenAI is facing a "mass exodus" with key members resigning due to a loss of faith in the company&#8217;s leadership. The <a href="https://www.benzinga.com/news/24/05/38834519/openai-chief-scientist-ilya-sutskever-steps-down-ceo-sam-altman-calls-him-a-guiding-light-of-ai-fiel">departures of Ilya Sutskever and Jan Leike</a>, leaders of the superalignment team, have raised concerns about the future of AI safety at OpenAI.
What Happened: Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI, the company behind ChatGPT, has seen a series of resignations from its AI safety team. The departures of Sutskever and Leike, who were key figures in ensuring AI alignment with human goals, have sparked concerns about the company&#8217;s future in AI safety.
At least five other safety-focused employees have also left since November when OpenAI&#8217;s board <a href="https://www.benzinga.com/news/23/11/35861275/the-reason-behind-sam-altmans-ouster-from-openai-could-be-something-elon-musk-has-been-complaining-a">attempted to dismiss CEO Sam Altman</a>. The failed ousting led to a loss of trust in Altman among safety-focused employees, according to sources within the company, <a href="https://www.vox.com/future-perfect/2024/5/17/24158403/openai-resignations-ai-safety-ilya-sutskever-jan-leike-artificial-intelligence">reported</a> Vox.
"It's a process of trust collapsing bit by bit, like dominoes falling one by one," said an anonymous source, according to the report.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
OpenAI&#8217;s offboarding agreements with non-disparagement provisions have also contributed to the silence of departing employees. Those who refuse to sign the agreement forfeit their equity in the company, potentially losing out on millions of dollars.
One former employee, Daniel Kokotajlo, who refused to sign the offboarding agreement, spoke out about the company&#8217;s direction.
&#8220;OpenAI is training ever-more-powerful AI systems with the goal of eventually surpassing human intelligence across the board. This could be the best thing that has ever happened to humanity, but it could also be the worst if we don't proceed with care,&#8221; he said.
See Also: <a href="https://www.benzinga.com/news/24/05/38849496/elon-musk-recalls-breaking-friendship-with-googles-larry-page-over-ilya-sutskever-linchpin-for-opena?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Recalls Breaking Friendship With Google&#8217;s Larry Page Over Ilya Sutskever: &#8216;Linchpin For OpenAI Being Successful'</a>
Leike, in a post on X, echoed Kokotajlo&#8217;s concerns. &#8220;I have been disagreeing with OpenAI leadership about the company's core priorities for quite some time, until we finally reached a breaking point."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I joined because I thought OpenAI would be the best place in the world to do this research. However, I have been disagreeing with OpenAI leadership about the company&#39;s core priorities for quite some time, until we finally reached a breaking point.
&mdash; Jan Leike (@janleike) <a href="https://twitter.com/janleike/status/1791498178346549382?ref_src=twsrc%5Etfw">May 17, 2024</a></blockquote>
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Why It Matters: The departures of Sutskever and Leike come after a series of significant events at OpenAI.
Sutskever, a key member of the company's founding team, announced his decision to leave OpenAI after nearly a decade, expressing confidence in the company's ability to develop artificial general intelligence under the leadership of Altman and other executives.
Following Sutskever&#8217;s resignation, OpenAI appointed Jakub Pachocki as its new chief scientist. Pachocki, <a href="https://www.benzinga.com/news/24/05/38836944/meet-jakub-pachocki-openais-new-chief-scientist-following-ilya-sutskevers-exit-sam-altman-calls-him">who took over from Sutskever</a>, was described by Altman as &#8220;easily one of the greatest minds of our generation.&#8221;
Elon Musk, one of the co-founders of OpenAI, recalled how he holds Sutskever in such high regard that he broke his friendship with Alphabet Inc. co-founder Larry Page over it.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38862733/openai-chief-scientist-that-quit-months-after-participating-in-coup-against-sam-altman-likely-to-joi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI Chief Scientist Who Quit Months After Helping Briefly Oust Sam Altman Likely To Join Elon Musk&#8217;s xAI</a>
Disclaimer: 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.
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MSFT

Amid 'Mass Exodus' From OpenAI's AI Safety Team, Insider Says 'Trust Collapsing Bit By Bit' In CEO Sam Altman: Report

Crypto lending firm Genesis Global has reportedly been given the green light by a U.S. Bankruptcy Judge to return approximately $3 billion in cash and cryptocurrency to its clients. This move <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36306858/barry-silberts-dcg-cant-meddle-with-genesis-ownership-until-chapter-11-finalizes-court">leaves the firm&#8217;s owner</a>, Digital Currency Group (DCG), with no recovery from the bankruptcy.
What Happened: On Friday, U.S. Bankruptcy Judge Sean Lane approved Genesis&#8217; Chapter 11 liquidation plan, dismissing an objection raised by DCG. The objection was based on the argument that Genesis should only pay its customers and creditors based on the value of crypto assets in January 2023, when the firm filed for bankruptcy, Reuters reported. Since then, however, crypto prices have seen a surge. 
However, Judge Lane overruled DCG&#8217;s objection, stating that Genesis would first have to pay off other creditors, including federal and state financial regulators with claims totaling $32 billion, before being able to pay its owner. Lane emphasized that there were insufficient assets to provide any recovery to DCG.
Why It Matters: Genesis is returning the funds to its customers in cryptocurrency where possible. However, the firm does not have enough cryptocurrency to settle its debts. In February, Genesis estimated that it would be able to pay its customers up to 77% of the value of their claims, depending on future price fluctuations.
Meanwhile, FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022, is set to distribute as much as $16.3 billion in cash among its creditors, which <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38699358/ftx-to-pay-back-customers-in-full-with-interest-as-it-amasses-billions-in-cash-this-is-jus">amounts to about $5.3 billion more than what is owed</a>. FTX's plan includes paying interest to its 2 million customers, a rare outcome in U.S. bankruptcies where creditors typically receive only a fraction of their claims. 
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38842331/ark-21shares-amends-spot-eth-etf-filing-cathie-wood-on-ethereum-etf-approvals" target="_blank" rel="noreferrer noopener">ARK 21Shares Amends Spot ETH ETF Filing: Cathie Wood On Ethereum ETF Approvals</a>
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 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Anan Ashraf</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Genesis Global To Return $3B In Cryptocurrency, Cash To Customers After Court Approval: Report

The U.S. Justice Department and TikTok have reportedly requested a U.S. appeals court to expedite the legal proceedings regarding a new law that mandates parent company BytDance to <a href="https://www.benzinga.com/markets/asia/24/05/38567569/tiktok-ban-is-the-us-government-taking-a-page-from-chinas-censorship-book">divest TikTok&#8217;s U.S. assets</a> by a certain date or face a ban.
What Happened: The U.S. Justice Department and TikTok, along with parent company ByteDance and a group of TikTok content creators, have requested the U.S. Court of Appeals for the District of Columbia to expedite the legal process, reported Reuters. The law in question requires ByteDance to divest TikTok&#8217;s U.S. assets by Jan. 19, 2025, or face a ban.
The parties have proposed a fast-track schedule to ensure a ruling by Dec. 6, allowing them to seek review from the Supreme Court if necessary before the U.S. deadline. This move is intended to resolve the legal challenge without the need to request emergency preliminary injunctive relief, TikTok reportedly said. 
The law, signed by President Joe Biden on April 24, further prohibits app stores like Apple Inc. and Alphabet Inc.&#8217;s Google from offering TikTok and bars internet hosting services from supporting TikTok unless ByteDance divests TikTok. It was passed overwhelmingly in Congress amid concerns that China could access data on Americans or spy on them through the app.
Earlier, in its lawsuit, <a href="https://www.benzinga.com/news/24/05/38693602/tiktok-admits-xi-jinpings-ccp-wont-let-its-algorithm-be-sold-after-biden-gives-9-months-to-divest-or">the company admitted that</a> Xi Jinping's Communist Party of China&nbsp;would not allow it to sell the algorithm that powers TikTok.
Why It Matters: On Tuesday, a group of TikTok creators <a href="https://www.benzinga.com/news/24/05/38836945/tiktok-creators-challenge-bidens-divestment-law-in-court-argue-platform-gives-a-unique-and-irreplace">filed a lawsuit</a> to block the law, arguing that it has had a profound effect on American life.
The platform has been at the center of a geopolitical tug-of-war, with the U.S. government raising concerns over national security due to ByteDance's ties to China. TikTok's CEO&nbsp;Shou Zi Chew&nbsp;has been vocal, stating in a video that the company&nbsp;<a href="https://www.benzinga.com/markets/asia/24/04/38418913/tiktok-fights-back-we-arent-going-anywhere-whats-next-for-users" target="_blank" rel="noreferrer noopener">will not back down without a fight</a>.
The courts are now faced with a pivotal decision, as they must weigh the national security concerns against the freedom of expression. With nearly<a href="https://www.benzinga.com/news/24/04/38500093/tiktok-ban-courts-must-decide-whether-national-security-concerns-trump-freedom-of-expression" target="_blank" rel="noreferrer noopener">&nbsp;170 million users in the U.S.,</a>&nbsp;the outcome of this legal battle is expected to have far-reaching implications for digital platforms and user rights.
Check out more of&nbsp;Benzinga's&nbsp;Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38891146/teslas-german-factory-expansion-gets-local-councils-nod-despite-protests" target="_blank" rel="noreferrer noopener">Tesla's German Factory Expansion Gets Local Council's Nod Despite Protests</a>
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
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Social Media

Legal

TikTok And US Justice Department Push For Speedy Court Action On Divestment Law: Report

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Friday that <a href="https://www.benzinga.com/news/24/04/38516918/california-love-fadin-for-tesla-ev-giants-registrations-plummet-as-rivian-mercedes-and-bmw-gain-grou">its factory in California</a> and its gigafactory in Nevada together made its 3 millionth electric vehicle and it&#8217;s a deep metallic blue. 
What Happened: &#8220;Congrats Tesla Fremont + Giga Nevada on building their 3 millionth car!&#8221; Tesla wrote on X. The post was adjoined by a photograph of celebrating employees with the blue landmark Tesla in their midst.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congrats Tesla Fremont + Giga Nevada on building their 3 millionth car! <a href="https://t.co/AKc6qo1cUQ">pic.twitter.com/AKc6qo1cUQ</a>
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1791606155719966982?ref_src=twsrc%5Etfw">May 17, 2024</a></blockquote>
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Giga Nevada does not make production vehicles by itself. Instead, it is focused on electric motors, energy storage products, vehicle powertrains, and batteries. The Fremont factory, in contrast, makes Tesla&#8217;s mass-market offerings Model 3 and Y, as well as the more premium Model S and X.
Why It Matters: The production milestone comes amidst layoffs. Last month, Tesla announced plans to cut at least 10% or 14,000 of its global workforce in an effort to cut costs. <a href="https://www.benzinga.com/news/24/05/38899176/telsa-to-lay-off-600-additional-california-employees">At least 3,300 jobs</a> were cut in California and <a href="https://www.benzinga.com/news/24/04/38452751/teslas-biggest-layoffs-mapped-where-has-ev-giant-cut-most-jobs">nearly 700 in Nevada.</a>
As part of the same strategy, Tesla will lay off <a href="https://www.benzinga.com/news/24/05/38899176/telsa-to-lay-off-600-additional-california-employees">nearly 600 more employees</a> at its Fremont-based manufacturing plant and its engineering headquarters in Palo Alto.
Tesla's&nbsp;<a href="https://www.benzinga.com/news/24/05/38727916/whats-with-thousands-of-teslas-piling-up-at-a-german-airfield-satellite-images-hint-at-intense-inven">global vehicle inventory jumped 87%</a> from last year to 28 days of supply in the first quarter. The&nbsp;company's&nbsp;global deliveries fell to 386,810, marking an 8.5% year-on-year dip as demand dwindled. The company, however, produced 433,371 vehicles in the time frame.&nbsp;
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38891146/teslas-german-factory-expansion-gets-local-councils-nod-despite-protests" target="_blank" rel="noreferrer noopener">Tesla's German Factory Expansion Gets Local Council's Nod Despite Protests</a>
Photo via Shutterstock

TSLA

Tesla Makes Its 3 Millionth Car In California Despite Rising Inventory, Layoffs

In a significant setback for organized labor&#8217;s Southern strategy, workers at two Mercedes-Benz factories in Alabama have voted against unionization, dealing a blow to the <a href="https://www.benzinga.com/24/05/38819007/mercedes-worker-advocates-for-better-work-life-balance-amid-unionization-efforts-in-alabama-plant-so">United Automobile Workers (UAW) campaign</a> to expand its influence in the region.
What Happened: On Friday, workers at the Mercedes-Benz factories near Tuscaloosa, Alabama, rejected the UAW&#8217;s bid to represent them, <a href="https://www.nytimes.com/2024/05/17/business/mercedes-benz-uaw-alabama-vote.html">reported</a> The New York Times. The vote was seen as a crucial test of the UAW&#8217;s ability to unionize Southern factories.
The defeat followed strong opposition from Alabama&#8217;s Republican leaders, who argued that a pro-union vote would harm the state&#8217;s auto industry. This outcome is likely to slow down the UAW&#8217;s efforts to organize workers at other major auto plants in Alabama, such as Hyundai and Honda.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38889994/why-cant-tesla-just-grant-elon-musk-a-new-pay-package-critic-and-legal-expert-says-ceo-cant-repl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Why Can&#8217;t Tesla Just Grant Elon Musk A New Pay Package? Critic And Legal Expert Says CEO &#8216;Can&#8217;t Replicate The Stock-Pumping Feats&#8217; From 2018</a>
Despite the setback, UAW leaders remain determined to expand their membership to include employees of companies like Toyota and Tesla.
However, the defeat at the Mercedes plants is expected to prompt the UAW to reevaluate its strategy and invest more time in securing worker support before holding elections at other auto plants.
Shawn Fain, the president of the UAW, acknowledged the loss but emphasized the need to learn from it and move forward. The defeat is a significant blow to the UAW&#8217;s efforts to strengthen its presence in the South, where it has historically struggled to gain a foothold.
Why It Matters: The UAW&#8217;s defeat in Alabama comes amidst a series of challenges and successes in its efforts to expand its membership. The UAW has been <a href="https://www.benzinga.com/news/24/04/38363664/after-uaw-wins-big-in-tennessee-40m-campaign-continues-35-car-plants-are-next">aggressively pursuing unionization</a> at non-union automaker factories, with a $40 million campaign aimed at 35 U.S. plants, including those of Mercedes-Benz, Tesla Inc., BMW, Toyota, Nissan, and Hyundai.
However, the UAW&#8217;s campaign has faced strong opposition, as seen in the <a href="https://www.benzinga.com/top-stories/24/05/38798644/mercedes-benz-workers-in-alabama-face-anti-union-pressure-amid-uaw-vote">anti-union pressure</a> faced by workers at the Mercedes-Benz plant in Alabama. The defeat in Alabama is a significant setback for the UAW&#8217;s efforts to expand its influence in the South and could prompt a re-evaluation of its strategy.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38837557/faraday-future-basking-in-the-glory-of-gamestops-amc-heres-what-ev-makers-100-jump-in-pre-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Faraday Future Basking In The Glory Of GameStop, AMC? Here&#8217;s What EV Maker&#8217;s 100% Jump In Pre-Market Indi</a>
Disclaimer: 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 created using pictures on Shutterstock

General

Alabama Mercedes-Benz Workers Reject UAW Unionization Bid In A Blow To Organized Labor's Southern Strategy

Argentine <a href="https://www.benzinga.com/topic/javier-milei">President Javier Milei</a> is planning to meet with top tech executives in Silicon Valley, including Meta Platforms Inc. CEO Mark Zuckerberg, executives of OpenAI Inc., Apple Inc., and Alphabet Inc.'s Google, among others.
What Happened: Milei is planning to visit San Francisco for discussions with several top tech leaders, after his meeting with Tesla Inc. CEO Elon Musk, <a href="https://www.bloomberg.com/news/articles/2024-05-17/argentina-s-milei-plans-to-meet-with-zuckerberg-at-end-of-may?srnd=technology-vp">reported</a> Bloomberg.
The Argentine President&#8217;s mission will also include meetings with other prominent companies in the tech industry. The trip will be led by Argentina&#8217;s Ambassador to the U.S.
See Also: <a href="https://www.benzinga.com/news/24/05/38873639/elon-musk-reacts-after-doge-designer-says-meta-would-be-trillionaires-by-now-if-they-had-a-dollar-fo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Doge Designer Says Meta &#8216;Would Be Trillionaires By Now&#8217; If They Had A Dollar For Every Child Safety Investigation</a>
This visit follows a meeting between Milei and Silicon Valley investor Peter Thiel in Buenos Aires earlier this month. Milei has also had two meetings with Musk, including one at the <a href="https://www.benzinga.com/news/24/05/38666652/tech-billionaire-elon-musk-reveals-the-3-things-that-keep-him-up-at-night-and-one-thing-that-is-his">Milken Institute&#8217;s conference</a> in Los Angeles.
The Council of the President&#8217;s economic advisors is coordinating the final details of the trip, which aims to attract investments to position Argentina as an artificial intelligence hub.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Milei&#8217;s upcoming visit to Silicon Valley is the latest in a series of high-profile meetings with tech leaders.
Earlier in May, <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38659381/elon-musk-meets-bitcoin-supporting-president-javier-milei-again-i-recommend-investing-in-a">Musk met with Milei in Buenos Aires</a> and publicly endorsed investing in Argentina. Musk posted, "I recommend investing in Argentina," after the meeting.
This was Musk and Milei's second meeting in as many months – the two met in April as well at Tesla's manufacturing facility in Austin, Texas.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38873201/elon-musks-neuralink-patient-noland-arbaugh-shares-his-journey-from-paralysis-to-cyborg-once-you-get">Elon Musk&#8217;s Neuralink Patient, Noland Arbaugh, Shares His Journey From Paralysis To Cyborg: &#8216;Once You Get A Taste For Using It…&#8217;</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Politics

Global

After Elon Musk, Argentina's President Milei To Meet Mark Zuckerberg And Other Tech Leaders In Silicon Valley: Report

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Thinking about hanging up your work boots and chilling on a sunny porch someday? Financial guru Suze Orman is serving up some piping-hot advice to get your retirement savings in tip-top shape.
Here&#8217;s a pick of five crucial retirement tips suggested by Orman, including why you might want to kick the old 4% rule to the curb. Let's dive into these tips to help you plan better and retire smarter.
<h3 class="wp-block-heading">1. Rethink the 4% Rule</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16123902/suze-orman-retirement-tips-1-1024x576.jpg" alt="Orman suggests a more cautious approach, recommending a withdrawal rate closer to 3%. Image: Shutterstock/ Nuttapong punna" class="wp-image-341937" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16123902/suze-orman-retirement-tips-1-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16123902/suze-orman-retirement-tips-1-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16123902/suze-orman-retirement-tips-1-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16123902/suze-orman-retirement-tips-1.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Orman suggests a cautious approach, recommending a withdrawal rate closer to 3%. Image: Shutterstock/ Nuttapong punna</figcaption></figure>
You might have heard of the 4% rule, a classic retirement strategy that says withdrawing 4% of your savings each year should keep you covered for 30 years. Sounds simple, right? Well, Orman is not on board. She suggests playing it safer with a 3% withdrawal rate. Why? Life's a rollercoaster, and the markets and economy are no different. Orman advises working longer, delaying Social Security until 70, and spending minimally. "Cut the dreams of retiring at 60 and starting Social Security at 62," she insists. If you need a withdrawal target, stick to 3%.
<h3 class="wp-block-heading">2. Pay Off All Debt Before Retirement</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="575" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124030/suze-orman-retirement-tips-2-1024x575.jpg" alt="Before you sail into sunset years, Orman insists on clearing all debt. Image: Shutterstock/ William Potter" class="wp-image-341941" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124030/suze-orman-retirement-tips-2-1024x575.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124030/suze-orman-retirement-tips-2-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124030/suze-orman-retirement-tips-2-768x431.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124030/suze-orman-retirement-tips-2.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Before you sail into sunset years, Orman insists on clearing all debt. Image: Shutterstock/ William Potter</figcaption></figure>
Here's a solid goal: enter retirement debt-free. Start by tackling high-interest debts, typically those pesky credit cards. Then, work your way down by interest rates. While it's okay to carry a mortgage into retirement, clearing it beforehand can give you extra breathing room.
<h3 class="wp-block-heading">3. Live Below Your Means</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1000" height="667" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/08145102/health-savings-account_shutterstock.jpg" alt="Here's a classic Orman pointer: spend less than what you make. Not exactly a shocker, right? Image: Shutterstock/ megaflopp" class="wp-image-329114" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/08145102/health-savings-account_shutterstock.jpg 1000w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/08145102/health-savings-account_shutterstock-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/08145102/health-savings-account_shutterstock-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /><figcaption class="wp-element-caption">Here's a classic Orman pointer: spend less than what you make. Not exactly a shocker, right? Image: Shutterstock/ megaflopp</figcaption></figure>
Living below your means isn&#8217;t just thrifty — it&#8217;s smart. Try to manage your essential expenses so they're only 50% to 60% of your take-home pay. This gives you a buffer for savings and investments, boosting your financial security significantly.
<h3 class="wp-block-heading">4. Save Smartly for Retirement</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124412/suze-orman-retirement-tips-4-1024x576.jpg" alt="Orman says aim for saving 10-20% of your income for retirement. Image: Unsplash/ Towfiqu barbhuiya" class="wp-image-341949" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124412/suze-orman-retirement-tips-4-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124412/suze-orman-retirement-tips-4-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124412/suze-orman-retirement-tips-4-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124412/suze-orman-retirement-tips-4.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Orman thinks it might be essential to try and save 10-20% of your income for retirement. Image: Unsplash/ Towfiqu barbhuiya</figcaption></figure>
How much should you save? Aim to stash away 10% to 20% of your income for retirement. If you can save more without cramping your current lifestyle, go for it! As for where to save, Orman champions 401(k)s, especially if your employer matches contributions (hello, free money!), and Roth IRAs, where your withdrawals are tax-free in retirement.
<h3 class="wp-block-heading">5. Consider Working Longer</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124723/suze-orman-retirement-tips-5-1024x576.jpg" alt="According to Orman, thinking of retirement at 60? Push that to 70. Image: Unsplash/ Andrew Neel" class="wp-image-341957" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124723/suze-orman-retirement-tips-5-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124723/suze-orman-retirement-tips-5-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124723/suze-orman-retirement-tips-5-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16124723/suze-orman-retirement-tips-5.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">According to Orman, thinking of retirement at 60? Push that to 70. Image: Unsplash/ Andrew Neel</figcaption></figure>
Orman believes &#8220;70 is the new 60.&#8221; If you&#8217;re worried about your financial cushion, planning to work a few extra years can be beneficial. It lets you delay dipping into Social Security and your retirement savings, giving those funds more time to grow. This strategy is particularly useful if you&#8217;re already in your 50s or 60s and feeling behind on savings.

Education

Suze Orman Says Ditch The 4% Retirement Rule: Five Strategies Suggested By The Finance Guru For Saving Smarter

Thank god it&#8217;s Friday! The perfect time to kick back and dive into the freshest Netflix goodies that just hit your screen. This weekend, the streaming giant is rolling out the red carpet for a dazzling array of new releases. 
Topping the charts is the much-anticipated third season of Bridgerton, ready to whisk you away to a world of regal romance and drama. But if that's not your cup of tea, there&#8217;s more. Whether you crave magical transformations, suspenseful silences, deadly games, or scandalous revelations, Netflix has you covered.
Here&#8217;s your bookmark-worthy guide to binge-worthy excitement for the weekend.
<h3 class="wp-block-heading">1. Bridgerton: Season 3</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093750/Bridgerton-Season-3-1024x576.jpeg" alt="The first four episodes of Bridgerton's Season 3 are out, teasing the resolution of last season's cliffhangers. Image: Tudum/ Netflix" class="wp-image-343609" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093750/Bridgerton-Season-3-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093750/Bridgerton-Season-3-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093750/Bridgerton-Season-3-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093750/Bridgerton-Season-3.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The first four episodes of Bridgerton&#8217;s Season 3 are out, teasing the resolution of last season's cliffhangers. Image: Tudum/ Netflix</figcaption></figure>
Is this the season Colin finally realizes he's head over heels for Penelope in Bridgerton? She's sure hoping it is! Dive into the romantic entanglements of Regency England with the first four episodes of season three, which just dropped. We're tying up the tantalizing loose ends from last season, focusing on Colin, Eloise, and their complicated feelings for Penelope Featherington, plus the latest in Kanthony's fiery relationship. Catch the next episodes coming June 13th!
<h3 class="wp-block-heading">2. Thelma the Unicorn</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093930/Thelma-the-unicorn-1024x576.jpg" alt="Thelma The Unicorn is the type of animated fun you'd love to share with kids. Image: Tudum/ Netflix" class="wp-image-343615" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093930/Thelma-the-unicorn-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093930/Thelma-the-unicorn-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093930/Thelma-the-unicorn-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17093930/Thelma-the-unicorn.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Thelma The Unicorn is the type of animated fun you&#8217;d love to share with the kids. Image: Tudum/ Netflix</figcaption></figure>
Say hello to Thelma, a pony with dreams of fame that magically transforms into a glittering unicorn. Voiced by stars like Brittany Howard and Zach Galifianakis, Thelma's journey from humble pony to pop icon is as sparkly as it is profound, teaching kids and adults alike that there&#8217;s more to stardom than the glitz and glamour.
<h3 class="wp-block-heading">3. Monster</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094147/Monster-1024x576.jpg" alt="This Indonesian horror film uses no dialogue to tell its intense story of child abduction. Image: Tudum/ Netflix" class="wp-image-343622" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094147/Monster-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094147/Monster-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094147/Monster-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094147/Monster.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">This Indonesian horror film uses no dialogue to tell its intense story of child abduction. Image: Tudum/ Netflix</figcaption></figure>
From Indonesia comes &#8220;Monster,&#8221; a riveting film by Rako Prijanto that dives deep into the dark world of child abduction. Remarkably, this film unfolds without a single line of dialogue, relying purely on powerful visuals, precise editing, and chilling sound effects to tell its intense story. It's a bold testament to the impact of visual storytelling.
<h3 class="wp-block-heading">4. The 8 Show</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094243/The-8-Show-1024x576.jpg" alt="If you loved Squid Game, there's no way you won't like this South Korean series mixes dark comedy with survival drama. Image: Tudum/ Netflix" class="wp-image-343623" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094243/The-8-Show-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094243/The-8-Show-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094243/The-8-Show-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094243/The-8-Show.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">If you loved Squid Game, there&#8217;s no way you won&#8217;t like this mix of dark comedy and survival drama. Image: Tudum/ Netflix</figcaption></figure>
Fans of "Squid Game," listen up! "The 8 Show" might just be your new obsession. This South Korean series blends dark humor with life-or-death stakes, following eight contestants locked in a building and forced to compete in a lethal game. It's a race against time, where humor meets horror, and every moment is a thrill ride.
<h3 class="wp-block-heading">5. Ashley Madison: Sex, Lies &amp; Scandal</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094438/Ashley-Madison-Sex-Lies-and-Scandal-1024x576.jpeg" alt="This docuseries peels back the layers on the infamous site that promoted extramarital affairs. Image: Tudum/ Netflix" class="wp-image-343624" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094438/Ashley-Madison-Sex-Lies-and-Scandal-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094438/Ashley-Madison-Sex-Lies-and-Scandal-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094438/Ashley-Madison-Sex-Lies-and-Scandal-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17094438/Ashley-Madison-Sex-Lies-and-Scandal.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">This docuseries peels back the layers on the infamous site that promoted extramarital affairs. Image: Tudum/ Netflix</figcaption></figure>
Uncover the scandalous history of Ashley Madison in this gripping three-part docuseries. Director Toby Paton explores how this infamous dating site for adulterous affairs soared in popularity and then plummeted into infamy following a catastrophic data leak. It's a deep dive into the digital age drama that shook millions of lives during the early 2000s.

Entertainment

What's New On Netflix This Week? The Romance Of Bridgerton And 4 Other Releases You Can't Miss

Remember that hilarious scene in The Office where Dwight Schrute, played by Rainn Wilson, sternly warns Jim, portrayed by John Krasinski, that &#8220;Identity theft is not a joke, Jim! Millions of families suffer every year&#8221;? Turns out, Dwight was onto something pretty serious. According to the 2023 Identity Fraud Study from Javelin Strategy &amp; Research, over 15 million people fell victim to traditional identity fraud last year.
So, what happens if someone decides to take a joyride with your identity? It's more than just an annoyance — it's a serious crime that can wreak havoc on your finances and take a chunk of your time and peace of mind to set right. From someone opening new accounts in your name, filing dodgy tax returns, or pulling off fraudulent medical claims, the effects can be pretty damaging. Here are 5 steps you can take to fight back and regain control:
<h3 class="wp-block-heading">Alert the Issuers of Your Paperwork</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16085904/identity-theft-1-1024x576.jpeg" alt="First things first, let's tell the folks who gave you those credentials about the theft. Image: Dall-E 3" class="wp-image-341483" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16085904/identity-theft-1-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16085904/identity-theft-1-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16085904/identity-theft-1-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16085904/identity-theft-1.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">First things first, let&#8217;s tell the folks who gave you those credentials about the theft. Image: Dall-E 3</figcaption></figure>
If you've had your ID swiped, report your stolen ID immediately to the agency that issued it. Got your bank account hacked? Ring up your bank. Credit card number swiped? Call the credit card company. Social Security number compromised? Reach out to the Social Security Administration. And remember, don't drag your feet because you don't want the police showing up at your door because someone else committed a crime under your name.
<h3 class="wp-block-heading">Freeze Your Credit or Set a Fraud Alert</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090054/identity-theft-2-1024x576.jpeg" alt="Alert all major credit reporting bureaus as the immediate next step. Image: Dall-E 3" class="wp-image-341489" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090054/identity-theft-2-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090054/identity-theft-2-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090054/identity-theft-2-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090054/identity-theft-2.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Alert all major credit reporting bureaus as the immediate next step. Image: Dall-E 3</figcaption></figure>
Next, hit up the three major credit bureaus — Equifax, Experian, and TransUnion. You'll want to ask for a credit freeze or a fraud alert on your file. Both options are free and won't affect your credit score. A freeze locks down your credit, stopping most companies from checking your credit history without your say-so. However, certain entities like government agencies and debt collectors might still peek through. A fraud alert, on the other hand, puts lenders on notice to verify your identity before opening new accounts in your name, and it lasts for one year.
<h3 class="wp-block-heading">Report to the Federal Trade Commission</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090241/identity-theft-3-1024x576.jpeg" alt="The FTC does not investigate identity theft but it does support investigative authorities. Image: Dall-E 3" class="wp-image-341493" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090241/identity-theft-3-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090241/identity-theft-3-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090241/identity-theft-3-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090241/identity-theft-3.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The FTC does not investigate identity theft but it does support investigative authorities. Image: Dall-E 3</figcaption></figure>
Swing by IdentityTheft.gov courtesy of the FTC. This handy site guides you through reporting your stolen identity, tailored to the specific details of your situation. While the FTC doesn't chase down the thieves, it collects your reports to help facilitate investigations and prosecutions related to ID theft. Make sure to print a copy of your report—you'll likely need it for your bank and creditors.
<h3 class="wp-block-heading">Contact Your Local Law Enforcement</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090504/identity-theft-4-1024x576.jpeg" alt="It's a good idea to report the breach to your local police in case an identity thief presents your credentials during a traffic stop or arrest. Image: Dall-E 3" class="wp-image-341501" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090504/identity-theft-4-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090504/identity-theft-4-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090504/identity-theft-4-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090504/identity-theft-4.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Report the breach to your local police if an identity thief presents your credentials during a traffic stop or arrest. Image: Dall-E 3</figcaption></figure>
Don't forget to report the theft to your local police department. This can be crucial if the thief tries to pass off your ID during a police stop or other legal issues. It&#8217;s also useful when proving to banks and businesses that your identity was indeed stolen. Bring along some form of identification like a driver's license when you file the report.
<h3 class="wp-block-heading">Scrutinize and Correct Your Credit Reports</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090603/identity-theft-5-1024x576.jpeg" alt="Go through your credit reports from each bureau with a fine-tooth comb for any signs of foul play. Image: Dall-E 3" class="wp-image-341504" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090603/identity-theft-5-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090603/identity-theft-5-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090603/identity-theft-5-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/16090603/identity-theft-5.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Go through your credit reports from each bureau with a fine-tooth comb for any signs of foul play. Image: Dall-E 3</figcaption></figure>
Request a free copy of your credit report from each of the credit bureaus. Go through each one with a fine-tooth comb for any unauthorized accounts or errors. If you spot mistakes, write to the bureaus to get them fixed, and send your letters via certified mail to ensure they receive them. You&#8217;ve got documentation, right? Keep copies of everything you send over. The bureaus have 30 days to investigate your claims.

Had Your Identity Stolen? Don't Panic And Get Started With These 5 Things Right Away

Ball (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>) has outperformed the market over the past 15 years by 1.42% on an annualized basis producing an average annual return of 13.86%. Currently, Ball has a market capitalization of $21.76 billion. 
Buying $1000 In BALL: If an investor had bought $1000 of BALL stock 15 years ago, it would be worth $7,211.11 today based on a price of $70.11 for BALL at the time of writing.
<h3>Ball's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715981438_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

BALL

$1000 Invested In This Stock 15 Years Ago Would Be Worth $7,200 Today

Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) has outperformed the market over the past 15 years by 3.38% on an annualized basis producing an average annual return of 15.82%. Currently, Analog Devices has a market capitalization of $106.16 billion. 
Buying $100 In ADI: If an investor had bought $100 of ADI stock 15 years ago, it would be worth $907.50 today based on a price of $214.08 for ADI at the time of writing.
<h3>Analog Devices's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715981433_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Analog Devices 15 Years Ago Would Be Worth Today

Ratings for TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) were provided by 9 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for TJX Companies, revealing an average target of $112.22, a high estimate of $132.00, and a low estimate of $104.00. This upward trend is apparent, with the current average reflecting a 7.6% increase from the previous average price target of $104.29.
<img src="https://www.benzinga.com/files/images/story/2024/1715979657_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive TJX Companies. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$112.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$132.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$110.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Manav Gupta</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$104.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$110.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$112.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$105.00</td>
<td>-</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$105.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to TJX Companies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of TJX Companies compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for TJX Companies's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into TJX Companies's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TJX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on TJX Companies analyst ratings.</a>
<h2>All You Need to Know About TJX Companies</h2>
TJX Companies Inc is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 4,950 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.
<h3>Unraveling the Financial Story of TJX Companies</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: TJX Companies displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 13.02%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.55%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): TJX Companies's ROE stands out, surpassing industry averages. With an impressive ROE of 19.85%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 4.67%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.72.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

9 Analysts Have This To Say About TJX Companies

Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) has outperformed the market over the past 10 years by 2.13% on an annualized basis producing an average annual return of 12.95%. Currently, Nucor has a market capitalization of $41.27 billion. 
Buying $1000 In NUE: If an investor had bought $1000 of NUE stock 10 years ago, it would be worth $3,351.25 today based on a price of $172.12 for NUE at the time of writing.
<h3>Nucor's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715979619_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Nucor 10 Years Ago Would Be Worth Today

Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) has outperformed the market over the past 20 years by 3.88% on an annualized basis producing an average annual return of 11.96%. Currently, Marriott Intl has a market capitalization of $67.90 billion. 
Buying $1000 In MAR: If an investor had bought $1000 of MAR stock 20 years ago, it would be worth $9,739.14 today based on a price of $237.73 for MAR at the time of writing.
<h3>Marriott Intl's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715979614_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Marriott Intl Stock In The Last 20 Years

Michael Berger, founder of Technical420, managing partner of StoneBridge Partners and the beloved maven behind Benzinga Cannabis Research, our cannabis stock analysis and trading subscriber-only platform, tragically passed away last weekend. Berger was a renowned figure in the cannabis industry, known for his deep insights and analytical prowess. He leaves behind a legacy of significant contributions to cannabis market analysis and investor relations.
Berger began his professional journey as an equity research analyst at Raymond James Financial, specializing in the energy sector. His transition into the cannabis industry marked a pivotal moment in his career. Berger founded Technical420, a platform dedicated to providing detailed analysis and information on public and private cannabis companies. His work earned him a reputation as a trusted source of financial insights in the cannabis market.
In addition to Technical420, Berger co-founded StoneBridge Partners, an investor relations firm that supports cannabis, cryptocurrency&nbsp;and blockchain companies. His expertise and commitment to these industries were widely recognized and respected.
Throughout his career, Berger&#39;s analyses were featured in prominent publications such as The Street, Bloomberg and US Money News. His ability to host and contribute to various cannabis events across North America further cemented his status as a thought leader in the field.
Berger also played a crucial role in Benzinga Cannabis Research, Benzinga&#39;s subscription product focused on cannabis stock analysis, stock picks&nbsp;and swing trading. His insights and recommendations were invaluable to investors navigating the complex landscape of cannabis stocks.
Beyond his professional achievements, Michael was known for his positive personality and proactive approach to business. He had a genuine love for the cannabis plant and the community it fostered. His passion for the industry was contagious; he was a guy who&nbsp;always brightened up the days of those around him. His bearded smile and warm demeanor were constants, whether he was speaking at a conference or just catching up with colleagues.
Michael&#39;s passing came as a shock to many of us. He was not just a colleague but a good friend. We will remember him very fondly and would&#39;ve loved to have many more years of working with him. His warm smile will be hard to forget. Berger&#39;s untimely passing has left a void in the industry. Colleagues and peers remember him as a brilliant analyst and a kind, generous individual. His dedication to advancing the cannabis sector through rigorous analysis and thoughtful investor relations has left an indelible mark. He was a pioneer in cannabis market analysis&nbsp;and his work helped shape the industry as we know it today. Michael&#39;s insights were always ahead of the curve, and his loss is a significant one for all of us.
Michael Berger&#39;s contributions to the cannabis industry will be remembered and honored by those who had the privilege of working with him. His legacy lives on through the platforms he created and the countless individuals he influenced with his work.