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PIMCO Access Income Fund is a non-diversified, limited-term, closed-end management investment company. The fund seeks current income as an objective and capital appreciation as a secondary objective. It achieves the investment objectives by utilizing a dynamic asset allocation among multiple sectors in the public and private credit markets, including corporate debt.

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Three of the leading U.S. banks have reported significant data breaches, compromising the personal and account information of hundreds of their customers.
What Happened: The banks that have fallen prey to these security breaches include Citizens Bank, Truist Bank, and First National Bank. The banks have informed their customers and the relevant authorities about these incidents.
In a <a href="https://ago.vermont.gov/sites/ago/files/documents/2024-09-26%20Citizens%20Bank%20Data%20Breach%20Notice%20to%20Consumers.pdf">disclosure</a> to the Office of the Vermont Attorney General, Citizens Bank revealed that it was hit by a data breach in the first half of 2024, impacting around 100 customers. The compromised data includes names, account numbers, social security numbers, and other personal details.
Truist Bank <a href="https://oag.ca.gov/system/files/TruistBank.NoticeLetter.pdf">reported</a> a security incident to the Office of the Attorney General of California, involving a third-party debt collection agency.
The bank stated that the nature of the compromised data varied by customer, potentially including names, addresses, account numbers, dates of birth, and social security numbers.
Meanwhile, First National Bank <a href="https://www.maine.gov/agviewer/content/ag/985235c7-cb95-4be2-8792-a1252b4f8318/90f12ac4-f655-4029-9dd8-a5dc15f23231.html">disclosed</a> that 107 customers had their account information exposed due to physical card skimming devices installed on two of its ATMs.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/10/41293190/us-banks-top-q3-earnings-estimates-jpmorgan-delivers-robust-beat-financial-sector-stocks-hit-record">US Banks Top Q3 Earnings Estimates: JPMorgan Delivers &#8216;Robust Beat,&#8217; Financial Sector Stocks Hit Record Highs</a>
The stolen data included names, card numbers, card expiration dates, PINs, and card verification value (CVV) numbers. The bank confirmed that some customers have already experienced fraudulent withdrawals, which are being reimbursed.
Why It Matters: The recent data breaches at these major banks underscore the growing threat of cybercrime in the banking sector. The compromised data can potentially be used for identity theft, fraudulent transactions, and other cybercrimes, putting the financial security of the affected customers at risk.
These incidents also highlight the need for stronger cybersecurity measures and protocols within the banking industry to protect customer data and maintain trust in the banking system.
Read Next
<a href="https://www.benzinga.com/news/23/11/35740187/us-banks-are-struggling-with-650-billion-in-unrealized-losses-on-bond-holdings-heres-how-they-can-ge">US Banks Are Struggling With $650 Billion In Unrealized Losses On Bond Holdings — Here&#8217;s How They Can Get Out</a>
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.

News

Major Banks Suffer Data Breaches: How Safe Is Your Information?

Massachusetts cannabis regulators have fined two prominent companies, Ascend Wellness Holdings (CSE:<a class="ticker" href="https://www.benzinga.com/stock/AAWH#CSE">AAWH</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAWH#OTC">AAWH</a>) and Curaleaf Holdings (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CURA#TSX">CURA</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>), for violations related to consumer safety practices. The fines, totaling $165,000, were issued after both companies self-reported the incidents, <a href="https://www.bostonglobe.com/2024/10/10/business/curaleaf-ascend-cannabis-fines-massachusetts/?event=event12">according to</a> The Boston Globe.
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<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can&#8217;t afford to miss out if you're serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Ascend Wellness Faces Track-and-Trace Compliance Issues</h3>
Ascend Wellness, which operates three dispensaries in the state, was fined $85,000 for failing to properly comply with <a href="https://www.benzinga.com/topic/massachusetts-cannabis">Massachusetts&#8217;</a> track-and-trace system. Regulators were unable to verify the delivery of nearly 900<a href="https://www.benzinga.com/cannabis"> cannabis products </a>due to discrepancies in Ascend&#8217;s tracking processes. 
The state's Cannabis Control Commission (CCC) deemed the violations significant, but Ascend's president and co-founder, Frank Perullo, reassured that the company has implemented corrective measures. &#8220;Ascend is fully committed to adhering to the regulations set forth by the CCC and places great importance on compliance,&#8221; Perullo said in a statement. &#8220;We have already implemented most of the necessary actions and remain dedicated to restoring trust.&#8221;
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41282624/major-cannabis-merger-approved-in-new-york-can-weed-stock-investors-take-advantage">Major Cannabis Merger Approved In New York: Can Weed Stock Investors Take Advantage?</a>
<h3 class="wp-block-heading">Curaleaf Placed On Probation After Contamination Issues</h3>
Curaleaf, another major player in the Massachusetts <a href="https://www.benzinga.com/cannabis">cannabis industry</a>, was fined $80,000 for not adhering to best practices in preventing contamination at its cultivation sites in Amesbury and Webster. Violations, dating back to 2021, included facility maintenance issues such as unsecured doors and gaps in ducts. 
The CCC placed Curaleaf on a six-month probation, during which the company must report any pesticide detection and could be subject to third-party testing to ensure compliance. 
In response, Curaleaf expressed its dedication to customer safety. &#8220;The health and safety of our patients and customers remains our number one priority,&#8221; the company said, adding that they have made necessary changes to prevent future issues.
Both companies have committed to improving their operations and working closely with regulators to ensure compliance moving forward.
Read Also:<a href="https://www.benzinga.com/markets/cannabis/24/10/41255544/buy-a-t-shirt-get-busted-loophole-in-minnesota-cannabis-market-could-cost-retail-operators-a-5-y"> Buy A T-shirt, Get Busted: Loophole In Minnesota Cannabis Market Could Cost Retail Operators A 5-Year Ban</a>

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CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

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Massachusetts Slaps Big Cannabis With $165K Fines For Safety Failures

The U.S. retail industry is set to face another blow with a predicted drop in Halloween spending, adding to the woes of debt-laden retailers grappling with increased overheads and a consumer shift towards cheaper products.
What Happened: As per a recent report <a href="https://www.bloomberg.com/news/articles/2024-10-12/halloween-is-crunch-time-for-troubled-retailers?srnd=homepage-americas&amp;sref=TBDibEcD">by</a> Bloomberg, the National Retail Federation anticipates a 5% decrease in US Halloween expenditure, amounting to $11.6 billion this year.
The most significant decline is expected in the sales of greeting cards and costumes, which could hit merchants relying on seasonal spending in an already tough year for the retail sector.
Higher unemployment rates and persistent inflation have particularly impacted lower-income households. During a recent earnings call, Michaels Cos. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIK#NASDAQ">MIK</a>) pointed out that households with earnings below $100,000 are tightening their belts, resulting in smaller shopping baskets.
Also Read: <a href="https://www.benzinga.com/news/24/06/39447544/impending-recession-us-consumer-spending-shows-worrying-signs">Impending Recession? US Consumer Spending Shows Worrying Signs</a>
Several struggling companies, including Michaels and At Home Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOME#NYSE">HOME</a>), are under the ownership of private equity managers. These firms are facing difficulties due to poorly timed buyouts during the pandemic, which coincided with surging interest rates and inflation that strained household budgets.
Despite the hurdles, both Michaels and At Home remain hopeful about securing a larger portion of holiday spending. However, the overall spending cutback is posing challenges for the wider industry, leading to a series of high-profile bankruptcies this year.
Why It Matters: The predicted decrease in Halloween spending is a reflection of the ongoing economic challenges faced by US households. 
The retail sector, already hit hard by the pandemic, is now grappling with reduced consumer spending due to inflation and high unemployment rates. This scenario is particularly concerning for firms owned by private equity managers, who are already struggling with the repercussions of ill-timed buyouts during the pandemic. 
The situation underscores the need for strategic planning and innovative solutions to navigate the current economic landscape.
Read Next
<a href="https://www.benzinga.com/news/24/08/40431394/brighter-outlook-goldman-sachs-optimistic-on-u-s-economy-cuts-recession-risk-down-to-20">Brighter Outlook: Goldman Sachs Optimistic On U.S. Economy, Cuts Recession Risk Down To 20%</a>
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.

Economics

HOME

Struggling Retailers Brace For Halloween Consumer Spending Slump

Robert Kiyosaki, renowned investor and author, has expressed concerns over a potential stock market crash and highlighted the importance of <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40431598/rich-dad-poor-dad-author-robert-kiyosaki-urges-shift-to-bitcoin-amid-economic-uncertainty-">investing in gold, silver, and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).</a>
What Happened: On Saturday, Kiyosaki took to X to share his views on the current state of the market. He noted that the price of gold has reached an all-time high, indicating that investors are becoming more pessimistic and shifting their investments to defensive assets. &#8220;So higher gold prices are not necessarily a good sign,&#8221; he said in the post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The price of gold has hit all time highs. Since 2000 the people who invested in gold have done very well. I am one of those investors. I own physical gold…. No paper gold ETFs. Unfortunately higher gold prices generally means investors are becoming pessimistic. Many…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1845009105997660599?ref_src=twsrc%5Etfw">October 12, 2024</a></blockquote>
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He further warned of a looming stock market crash, stating, &#8220;If a major stock market crash occurs… Which I am expecting… Because the stock market has been high for too many years… This is not good news for people who do NOT own gold, silver, and Bitcoin.&#8221;
Also Read: <a href="https://www.benzinga.com/news/24/09/40869188/robert-kiyosaki-rings-alarm-bells-over-soaring-us-debt-the-dollar-is-trash">Robert Kiyosaki Rings Alarm Bells Over Soaring US Debt: &#8216;The Dollar Is Trash&#8217;</a>
Why It Matters: Kiyosaki&#8217;s comments come at a time when the stock market has been experiencing a prolonged bull run. He emphasized that those who have not invested in the bull market should learn from their inaction. 
&#8220;When this market crashes…and you have nothing because you did nothing…I would do what smart investors will be doing….Which is to take my time… study…join an investment club….watch for bargains….and start buying assets at low prices…carefully,&#8221; he advised.
He concluded his thread by encouraging potential investors to be patient, join investment clubs, avoid greed, identify bargains, and strive to become richer. &#8220;The lesson is: &#8216;smart investors get rich….regardless if markets are going up or down.'&#8221;
Read Next
<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" target="_blank" rel="noreferrer noopener">‘Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Sees Wealth Accumulation In Market Declines: ‘Markets Are Crashing, Great News, This Is Your Turn To Get Richer&#8217;</a>
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.

$BTC

Robert Kiyosaki Predicts Stock Market Crash, Says Invest In Gold, Silver, And Bitcoin

Cannabis legalization continues to gain momentum across the U.S., with states like Minnesota, Delaware and Ohio embracing <a href="https://www.benzinga.com/markets/cannabis/24/08/40403847/delaware-opens-application-process-for-legal-weed-businesses-ahead-of-schedule">recreational</a> in 2023 and 2024, while Florida prepares <a href="https://www.benzinga.com/markets/cannabis/24/08/40418144/florida-cannabis-legalization-one-poll-shows-weed-going-legal-in-november-ballot-another-thumbs-">to vote</a> on a similar measure in November.
Despite widespread public support and state-level reforms, the Senate remains a major roadblock for federal cannabis legalization. 
As 34 Senate seats are up for grabs in the 2024 election, the outcome could significantly affect cannabis reform in the U.S. Senate.
<h3 class="wp-block-heading">The Senate: A Major Roadblock For Cannabis Legalization</h3>
The Senate has long posed a challenge to cannabis reform efforts, despite growing public support. For example, the Marijuana Opportunity, Reinvestment, and Expungement (<a href="https://www.benzinga.com/markets/cannabis/22/04/26428239/us-house-approves-bill-to-end-federal-cannabis-prohibition-more-act-what-does-this-mean">MORE</a>) Act, which aimed to decriminalize cannabis at the federal level and expunge certain cannabis-related convictions, passed the House in both 2020 and 2022 but stalled in the Senate. The bill <a href="https://www.benzinga.com/markets/cannabis/22/04/26566924/senators-rick-scott-james-lankford-and-ted-cruz-openly-against-federal-cannabis-legalization-her">faced opposition</a> largely due to the Senate's filibuster rule, which requires 60 votes to advance most legislation​.
Other cannabis-related bills, such as the <a href="https://www.benzinga.com/markets/cannabis/23/09/34958558/exclusive-the-safer-banking-act-is-a-long-awaited-first-step-towards-the-economic-legitimacy-of-">SAFE Banking Act</a>—which would allow cannabis businesses access to banking services—have also struggled to make it through the Senate despite bipartisan support.
Read Also: <a href="https://www.benzinga.com/general/politics/24/03/37884006/trump-vs-biden-key-swing-states-arizona-nevada-michigan-wisconsin-show-close-races-heres-the-rol">Trump Vs. Biden: Key Swing States Arizona, Nevada, Michigan, Wisconsin Show Close Races: Here&#8217;s The Role Undecided Voters, Robert Kennedy Jr. Could Play</a>
<h3 class="wp-block-heading">5 Swing States Could Shape Cannabis&#8217; Future</h3>
At the moment, out of the 100 seats, 49 are GOP, 48 are Dems and 3 are Independents (Bernie Sanders, Angus King and Kyrsten Sinema).
In the 2024 elections, five swing states with strong cannabis reform momentum—Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin—are renewing their Senate seats. How these states vote could dramatically alter the Senate's stance on cannabis. Other key <a href="https://www.benzinga.com/general/politics/24/03/37884006/trump-vs-biden-key-swing-states-arizona-nevada-michigan-wisconsin-show-close-races-heres-the-rol">swing states</a> like Georgia and North Carolina won&#8217;t be renewing seats in the Senate in the next election.
In Arizona (a State that leans conservative), Kyrsten Sinema has been supportive of cannabis reform. She voted <a href="https://www.billtrack50.com/legislatordetail/19250">in favor</a> of the MORE Act, <a href="https://www.billtrack50.com/legislatordetail/19250">sponsored</a> the SAFE Act, and supported Arizona's legalization of recreational cannabis in 2020. While Arizona's GOP leans conservative, they have largely accepted the current cannabis laws without pushing for further restrictions​.
In Michigan, Debbie Stabenow (D) is retiring, according to CNN. She has consistently supported cannabis reform, including co-sponsoring the SAFE Banking Act. She is an advocate for federal decriminalization and has backed Michigan's cannabis laws. Her replacement, however, could influence the state's future stance on cannabis​.
In Nevada, Jacky Rosen (D)&nbsp;is another pro-cannabis senator who supports federal legalization. She <a href="https://www.benzinga.com/markets/cannabis/24/04/38321517/sen-jacky-rosen-introduces-bill-seeking-fed-grants-to-cover-expungement-costs-for-people-unjustl">has voted</a> in favor of removing cannabis from the Controlled Substances Act and has aligned herself with Nevada's growing recreational cannabis market​.
In Pennsylvania, Bob Casey (D), while more cautious, has shown openness to cannabis reform. He <a href="https://www.casey.senate.gov/news/releases/casey-paul-introduce-bipartisan-legislation-to-seal-records-of-low-level-nonviolent-offenses">supports</a> medical cannabis and criminal justice reforms.
In Wisconsin, Tammy Baldwin (D)&nbsp;has been a strong advocate for cannabis reform. She has voted in favor of various cannabis-related bills, including the MORE Act, and <a href="https://www.benzinga.com/markets/cannabis/23/11/35900433/gop-in-wisconsin-under-pressure-to-legalize-weed-as-state-sen-agards-new-petition-gains-traction">supports</a> both medical and recreational cannabis legalization in Wisconsin.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">A Potential Shift Senate</h3>
If these states elect more pro-cannabis senators—or even moderate Republicans—it could increase the chances of federal cannabis reform passing in the Senate. 
However, a shift toward GOP control in these states might hinder reform efforts. Historically, many Republican senators have <a href="https://www.benzinga.com/markets/cannabis/24/05/38596342/gop-senators-slam-cannabis-banking-reform-cartel-cash-and-oklahoma-at-chinese-money-laundering-s">resisted </a>comprehensive cannabis legalization.
None of the seats in these five swing states currently held by senators supportive of cannabis reform are held by Republicans. Thus, a Republican victory in any of these states could slow down the progress toward federal cannabis legalization, given the more conservative stance of many GOP lawmakers on this issue.
Should pro-cannabis candidates retain or win Senate seats, the likelihood of passing comprehensive cannabis reform increases. With both presidential candidates—Vice President Kamala Harris and Donald Trump—expressing support for cannabis reform, the potential for progress exists.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/24/09/40815292/the-election-issue-no-one-saw-coming-trumps-weed-gamble-in-swing-states">The Election Issue No One Saw Coming: Trump&#8217;s Weed Gamble In Swing States</a></li>
</ul>
Cover: AI-generated image

Politics

General

Pro-Cannabis Senators' Seats At Stake In Upcoming Election Could Affect Future Of Cannabis Legalization

In a landmark achievement, SpaceX&#8217;s Starship rocket has successfully completed its fifth major test flight, which included a first-of-its-kind &#8220;catch&#8221; of the booster back at the launch tower.
What Happened: The Starship, touted as the most powerful rocket ever built, took off at 8:25 a.m. New York time. After propelling Starship into space, the Super Heavy booster made its way back to the launch site on Earth. 
The booster was then &#8220;caught&#8221; by two arms extending from Starship's launch tower, marking a significant accomplishment for SpaceX.
During the live webcast, SpaceX engineer Jessie Anderson likened the catch to &#8220;trying to catch my tears just like the chopsticks caught the booster,&#8221; <a href="https://www.bloomberg.com/news/articles/2024-10-13/elon-musk-s-spacex-to-attempt-ambitious-booster-catch-on-starship-flight?srnd=homepage-americas&amp;sref=TBDibEcD">reports</a> Bloomberg.
The recovery of Starship's booster after launch is a pivotal step for SpaceX as it gears up the rocket for commercial operations. The vehicle plays a key role in SpaceX CEO Elon Musk&#8216;s ambitious plans of sending humans to the moon and Mars.
Also Read: <a href="https://www.benzinga.com/news/24/09/40969797/party-game-company-sues-musks-spacex-a-15m-land-dispute-that-could-change-everything">Party Game Company Sues Musk&#8217;s SpaceX: A $15M Land Dispute That Could Change Everything</a>
Unlike the Falcon 9 rockets, which are only partially reusable, Musk has consistently stated that Starship will be fully reusable. SpaceX&#8217;s ultimate objective is to fully recover the vehicle's two main components: the Starship spacecraft and the Super Heavy booster. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The tower has caught the rocket!! <a href="https://t.co/CPXsHJBdUh">pic.twitter.com/CPXsHJBdUh</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1845446365717156265?ref_src=twsrc%5Etfw">October 13, 2024</a></blockquote>
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This would allow for multiple Starship flights in a single day, significantly cutting down the cost of launching Starship.
The test flight also marked the first time SpaceX attempted this feat with Super Heavy. The mission was conducted amidst Musk&#8217;s public criticism of the FAA&#8217;s slow approval process for commercial space launch licenses.
Why It Matters: Despite the successful booster catch, Starship's flight was largely similar to its June flight. Some of its flaps seemed to burn up slightly during the vehicle's descent, but Starship managed to survive the plunge before flipping itself and reigniting its engines to splash down in the Indian Ocean, where it subsequently seemed to explode.
SpaceX continues to view the loss of its vehicles during these test flights as opportunities for improvement rather than failures, with each new launch achieving more goals.
Read Next
<a href="https://www.benzinga.com/news/24/09/41080004/elon-musk-aims-for-mars-by-2030-but-experts-say-dont-count-on-it">Elon Musk Aims For Mars by 2030, But Experts Say Don&#8217;t Count On It</a>
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.

Tech

SpaceX Notches Another Milestone With First Booster Catch

Elon Musk once again took to X to express his support for Donald Trump in an election that is just three weeks away, emphasizing the need for secure borders, <a href="https://www.benzinga.com/news/24/09/41082363/heres-how-elon-musk-has-become-a-pro-trump-political-influencer-through-social-media">safe cities, and free speech</a>.
What Happened: On Saturday, Musk underscored the necessity of secure borders, safe cities, free speech, and a smaller government. Musk warned that the situation would worsen if Trump isn&#8217;t elected.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">America needs safe cities, secure borders, free speech, no lawfare &amp; smaller government. If we don't elect <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>, the situation will get MUCH worse! <a href="https://t.co/PI77RzjUqO">https://t.co/PI77RzjUqO</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1844910640290464106?ref_src=twsrc%5Etfw">October 12, 2024</a></blockquote>
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Musk&#8217;s message was in response to a post by Sen. Mike Lee (R-Utah), who criticized New York&#8217;s law enforcement and prosecution.
Also Read: <a href="https://www.benzinga.com/news/24/10/41198624/elon-musk-urges-rally-crowd-vote-for-trump-to-save-democracy">Elon Musk Urges Rally Crowd: &#8216;Vote For Trump To Save Democracy&#8217;</a>
Lee&#8217;s post highlighted an incident where a blind ex-governor was beaten by thugs who had no fear of prosecution.
Why It Matters: Musk&#8217;s tweet comes at a time when political tensions are high in the US. His support for Trump and emphasis on secure borders and free speech reflect the concerns of many Americans. 
The tech mogul&#8217;s influence could sway public opinion, making his political stance significant in the current climate.
Read Next
<a href="https://www.benzinga.com/news/24/09/41080153/trump-vs-harris-this-candidate-skyrockets-in-election-forecast-poised-to-secure-victory-in-four-swin" target="_blank" rel="noreferrer noopener">Trump Vs Harris: This Candidate Skyrockets in Election Forecast, Poised To Secure Victory In Four Swing States</a>
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.

Musk Again Touts Donald Trump: 'If We Don't Elect Trump, The Situation Will Get Much Worse!'

Popular social media platform TikTok was aware of the potential harm its algorithm could inflict on minors, according to internal documents that were <a href="https://www.benzinga.com/news/24/04/38348328/tiktok-sale-or-ban-social-media-giants-future-hangs-in-balance-as-house-passes-controversial-bill">unintentionally made public</a>.
What Happened: The internal documents were exposed during a multi-state investigation into TikTok. Reporters from Kentucky Public Radio stumbled upon the fact that redacted sections of court documents could be revealed by copying and pasting them into a new text file.
As reported by <a href="https://www.npr.org/">NPR</a> on Friday, these documents were part of Kentucky&#8217;s contribution to a joint 14-state lawsuit against TikTok for its allegedly addictive algorithm, which is believed to pose a threat to the mental and physical health of child users. 
The internal documents from ByteDance, TikTok&#8217;s parent company, disclose discussions about studies indicating the app&#8217;s potential harm to children, <a href="https://www.businessinsider.com/tiktok-lawsuit-algorithm-children-internal-documents-revealed-2024-10">reports</a> Business Insider.
The documents suggest that children could become addicted to the app after viewing 260 videos, or just 35 minutes of use. Intense use of the app was associated with a variety of negative mental health effects.
In the wake of these revelations, a TikTok spokesperson criticized NPR&#8217;s decision to publish information under a court seal, while defending the company&#8217;s commitment to community safety. 
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The spokesperson emphasized TikTok&#8217;s safety measures, such as removing suspected underage users and implementing safety features.
However, the unredacted documents indicate that TikTok was aware that its screen time limiting tools were largely ineffective. This has sparked allegations from attorneys representing plaintiffs in a class-action lawsuit that tech companies intentionally design products to exploit young users, reports the outlet. 
Attorney Jayne Conroy accused these companies of prioritizing user engagement and profits over the mental health of young people. 
Adam Wandt, an associate professor at the John Jay College of Criminal Justice, echoed Conroy&#8217;s sentiments, describing TikTok&#8217;s algorithm as &#8220;one of the most dangerous influences on the planet right now&#8221; for children.
Why It Matters: This revelation could potentially lead to increased scrutiny and regulation of social media platforms, particularly those popular among young users. 
The implications of this could be far-reaching, affecting not only TikTok but the entire tech industry. It also raises questions about the ethical responsibilities of tech companies in designing products that prioritize user safety and well-being.
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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.

Social Media

Leaked Documents: TikTok Knew Algorithm Had Harmful Effects On Children

Shaquille O'Neal, known as Shaq, isn't just a basketball legend – he's also become a <a href="https://www.benzinga.com/personal-finance/24/09/40817545/i-know-im-not-broke-shaquille-oneals-card-was-declined-at-walmart-after-attempting-the-biggest-p">financial guru</a>. After earning a fortune estimated at $700 million during his NBA career, according to Forbes, Shaq has learned a thing or two about managing wealth and his approach might surprise you.&nbsp;
In an interview with CNBC Select in 2024, Shaq shared some of his most valuable money lessons. The most memorable? "It's not about how much you make, it's about how much you keep."
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This simple yet powerful advice reveals a key financial principle that even those with modest incomes can follow. "Save 75% of your earnings and put it away. Use the other 25% as you please," Shaq explained. While saving 75% may sound ambitious for the average person, the core message is clear: it's crucial to prioritize saving, no matter what you earn. The idea is that wealth isn't about flashy lifestyles or splurging on expensive things – real wealth comes from what you save and invest.
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Shaq's financial philosophy is rooted in his own experience. Despite earning hundreds of millions of dollars during his NBA career, he wasn't always financially savvy. Early in his career, he made some rookie mistakes, including blowing through $1 million in just one hour after signing his first major contract. But over time, he learned the importance of discipline.&nbsp;
As one of the most famous names in basketball, he makes it a point to <a href="https://www.benzinga.com/personal-finance/24/09/40943843/we-aint-rich-im-rich-nba-legend-shaq-says-his-daughters-and-sons-dont-get-equal-treatment-my-boy">speak openly and honestly about finances</a>. Sure, most people live on a modest salary and don't have a net worth of hundreds of millions like Shaq, but his words apply just the same. Even high earners can end up with nothing if they don't save and invest wisely. On the other hand, modest earners can become millionaires with some smart and consistent money moves.&nbsp;
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Shaq often shares his story about his kids to highlight the value of long-term financial planning. While his children may be the offspring of a multimillionaire, Shaq has made it clear they won't receive any free handouts. Instead, he's set a strict rule: "<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">In order to get my cheese, you have to present me with two degrees</a>."&nbsp;
Shaq believes in hard work, education and self-reliance – even when growing up in the lap of luxury. He insists that earning his fortune wasn't just about his basketball skills; it also required smart decision-making, planning and, as he likes to say, "surrounding yourself with the right people."
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Shaq has ventured into everything from restaurant chains like Auntie Anne's to a role on the board of Papa John's. His investments aren't just for show – he's made a point of seeking expert advice and doing his research before diving into any business deals. He once said, "You can achieve great things with the proper support system," a mantra he applies to business and personal finances.
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He also advises in the CNBC interview that even if you can't stash away 75% of your income, you can always start small and scale up as your earnings grow. He recommends setting aside a portion of each paycheck –$50 or $100 – so it compounds and grows over time. By making consistent contributions, no matter how small, you're setting yourself up for long-term financial success.
Shaq's financial success proves that it's possible to go from flashy spender to savvy investor. Whether chasing a dream or just trying to <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">build a better financial future</a>, Shaq's advice on keeping more of what you make is a slam dunk for anyone's financial game plan.
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Personal Finance

NBA Legend Shaq Says You Should Save 75% Of Your Paycheck – 'It's Not About How Much You Make, It's About How Much You Keep'

The latest early voting statistics in the U.S. suggest a significant decrease from 2020, potentially posing a hurdle for the <a href="https://www.benzinga.com/news/24/09/41082772/harris-vs-trump-new-polls-show-tight-race-in-battleground-states">Democratic party&#8217;s prospects</a>.
What Happened: A recent poll reveals that the number of early votes cast is considerably lower than previous projections. 
Early voting has seen a 45% decrease compared to the same period in the 2020 elections. Swing states such as Georgia and North Carolina have experienced a particularly drastic drop, with early voting down by 84% and 75% respectively. 
The report suggests that this decline could be attributed to the availability of in-person early voting options, <a href="https://nypost.com/2024/10/11/us-news/early-voting-is-down-and-the-numbers-hold-bad-news-for-democrats/">reports</a> the New York Post.
Data from Republican political strategist John Couvillon show that just 4.2 million Americans have voted early. Another trend that could spell trouble for Democrats is the significant decrease in mail ballot requests, down 58% from 2020. This is noteworthy as Democratic voters have traditionally dominated mail ballots.
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For instance, Joe Biden&#8216;s triumph in Pennsylvania during the 2020 elections was largely due to his 1.4 million-vote lead with absentee voters.
The report also points out an intriguing shift in early voting patterns in Virginia. Although early voting is down overall, more votes have been cast in Republican congressional districts than in safe Democratic seats.
With more than 96% of likely voters still yet to cast their vote, both parties have ample opportunity to shape the race with campaign stops, messages, and tactics.
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Why It Matters: The decline in early voting and mail ballot requests could be a significant concern for the Democratic party, which has historically relied on these methods. 
The shift in early voting patterns in Virginia could also indicate a changing political landscape. With the majority of likely voters yet to vote, the final outcome remains uncertain. 
The parties&#8217; campaign strategies in the coming days could significantly influence the election results.
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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.

Bad News For Harris? Early Voting Is Down Drastically From 2020

Elliott Hill's rise to executive prominence at Nike is the stuff of corporate legend. He started as an intern in 1988 and after 30 years of dedication and a brief retirement, he's back to help lead the company he's called home for decades.
<a href="https://www.benzinga.com/news/24/10/41209227/why-nike-stock-is-down-8-over-the-past-week">Nike's stock</a> shot up after the news broke that Hill would replace John Donahoe as CEO. Hill is a familiar face at Nike, having held multiple roles at the company. He's done everything – from sales intern to VP positions and now the top job.&nbsp;
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Born in Austin, Texas, Hill credits his work ethic to his mother, a single mom who set an &#8220;unbelievable example in terms of commitment,&#8221; he told the FORTitude podcast, as quoted by Reuters. Hill's humble beginnings and relentless drive perfectly fit Nike's core values. He even joked on the podcast about how he once put 60,000 miles on an old Chrysler minivan, driving around to sell shoes in his early years at Nike.
Hill's loyalty to the brand isn't just in his job titles. Nike's Executive Chairman, Mark Parker, praised him in a statement for his decades of work, saying Hill helped shape Nike into "the magical place it is today." Hill himself is eager to reconnect with old colleagues and create new partnerships. He said, "Nike has always been a core part of who I am."
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Hill isn't just a <a href="https://www.benzinga.com/24/10/41165282/nike-gears-up-to-get-back-in-shape-with-a-new-leader">corporate climber. </a>He's also built strong relationships with Nike's key athletes, including Michael Jordan. Hill famously recalled Jordan joking about his global expansion plans for the Jordan brand, saying, &#8220;If our revenue goes back, I'm going to come and stuff that shoe up your rear," he said on the FORTitude podcast, as quoted by Reuters.
Analysts are optimistic, hoping Hill's deep roots at Nike will help revitalize the brand. Jessica Ramirez, an analyst at Jane Hali and Associates, didn't sugarcoat it when she told Reuters: &#8220;At Nike, the culture has fallen apart.&#8221;
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Hill's insider status might just be what Nike needs to get back on track. His return to Nike comes at a pretty crucial time. Nike&#8217;s not flying high right now – sales are down and competitors are stealing market share. Plus, the company is trying to slash $2 billion in costs over the next few years, according to Reuters. Hill's expected to bring some fresh energy.
Wall Street is hopeful, too. Brian Nagel from Oppenheimer put it bluntly when he told Reuters: &#8220;Product innovation at the company is still lacking.&#8221; And a lot of people agree. Nike's lost some of its creative magic and it's showing. But with Hill back, there's hope the brand can refocus on what made it iconic: groundbreaking, can't-live-without products.
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But what makes Hill's story even cooler? It's personal. His rise from intern to CEO is rare in today's world of constant job-hopping. It shows that loyalty and grit can still pay off when a company is willing to invest in its people.
As Hill takes the reins, everyone's watching to see how he'll steer the ship. He's got Nike in his blood after 30-plus years. If anyone can guide the brand through rough waters, it's him. And Nike is banking on that deep connection to its roots to find its way forward.
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Startups

Nike's New CEO Started As An Intern – Here's What's Behind His 30-Year Climb To The Top

Elon Musk is on a trajectory that could see him crowned as the world&#8217;s first trillionaire by 2027, according to a recent study by Informa Connect Academy.
What Happened: As of last month, Musk&#8217;s net worth is estimated to be around $265 billion, a figure that has been steadily climbing.
As per a report <a href="https://www.cnbc.com/2024/10/12/elon-musk-could-become-worlds-first-trillionaire.html">by</a> CNBC, the primary driver of Musk&#8217;s wealth has been the performance of Tesla&#8217;s stock. The stock experienced a significant surge during the pandemic, skyrocketing from approximately $30 per share in January 2020 to nearly $300 per share by January 2021.
James Pethokoukis, an economic policy analyst at the American Enterprise Institute, attributed the growth of companies like Tesla to their ability to produce valuable products that consumers desire. 
"If you look at the list of the richest Americans, whether we're talking about Elon Musk or Jeff Bezos, the reason people get super rich is they start a company and they grow that company," Pethokoukis told the outlet.
Wealthier individuals, such as Musk, often have larger portions of their assets invested in the stock market, which contributes to their increasing wealth.
However, this trend has also led to a rise in wealth inequality. The wealthiest 1% of Americans now own nearly 50% of all U.S. stocks. 
The role of taxation in this inequality is a contentious issue, with some arguing that changes in tax policy have made it more difficult to tax the wealthy.
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Why It Matters: The projection of Musk&#8217;s wealth reaching the trillion-dollar mark by 2027 underscores the significant impact of the stock market on individual wealth accumulation. 
The performance of Tesla&#8217;s stock has been a key factor in Musk&#8217;s wealth growth, demonstrating the potential for substantial wealth creation through stock market investments.
However, the rise in wealth inequality that accompanies such growth raises important questions about the role of tax policy in addressing this issue. 
As the wealth of individuals like Musk continues to increase, the debate over how to effectively tax the wealthy is likely to intensify.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Elon Musk On Track To Become World's First Trillionaire Within Three Years

Vice President <a href="https://www.benzinga.com/real-estate/24/08/40441654/25-000-to-buy-your-first-home-harris-proposes-game-changing-assistance-for-new-buyers-but-will-it-wo">Kamala Harris </a>has endorsed a tax proposal that is lighting up debates everywhere. The 25% minimum tax on total income, including unrealized capital gains, targets the ultrawealthy, particularly those with over $100 million fortunes. While some see this as a bold move toward fairness, many financial experts and political voices are raising alarm bells.
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Jason Katz, managing director and senior portfolio manager at UBS, is among the most outspoken critics. In an <a href="https://www.youtube.com/watch?v=f3JX585JIMM">interview with Fox Business</a>, Katz didn't mince words, calling the proposal "an unmitigated disaster."&nbsp;
According to him, taxing unrealized gains – that is, gains on assets that haven't been sold yet – would create an &#8220;accounting nightmare.&#8221; He painted a grim picture of taxpayers facing massive bills for gains that could easily disappear the following year.&nbsp;
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Katz illustrated his point with a hypothetical scenario, asking, "If you have an ultra high net worth person who bought, say, $100 million worth of Amazon and it goes to $150 million and the government taxes 23% on that $50 million in year one, if in year two, that $150 – because Amazon drops – goes back to $100 million, is the government going to rebate the tax from the previous year?"&nbsp;
"It would be an accounting nightmare, not to mention the fact it would suck money out of the capital markets," he said. He added that it ‘made no sense' applying the tax to other asset classes like real estate, where investors also see unrealized gains.&nbsp;
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While Katz and other critics warn of potential market disruptions, the Biden administration defends the proposal as a necessary step to close loopholes that allow the wealthiest Americans to avoid paying their fair share.&nbsp;
An entrepreneur and &#8220;Shark Tank&#8221; investor, Mark Cuban offered a somewhat different perspective. According to CNBC's Squawk Box, the billionaire entrepreneur and "Shark Tank" star claims to have spoken with Harris&#8217; team directly.&nbsp;
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He said Harris&#8217; aide told him that unrealized capital gains wouldn't be taxed, which contradicts what has been circulating about the proposal. Even within Harris' camp, there's a bit of a disconnect on what the plan entails.
However, tax proponents, such as Democratic Sen. <a href="https://www.benzinga.com/personal-finance/24/10/41199549/kevin-oleary-respects-aoc-and-elizabeth-warren-says-business-is-tough-but-politics-thats-a-whole">Elizabeth Warren</a>, argue that taxing unrealized capital gains could help close the wealth gap by ensuring that the ultrawealthy pay their fair share. According to a report from The New York Times, wealth inequality in the U.S. has reached levels not seen since the 1920s.&nbsp;
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From an economic perspective, critics, including former CKE Restaurants CEO Andy Puzder, have called the proposal "voodoo economics." Speaking on Fox Business's ‘Evening Edit,' he said, &#8220;The idea that we&#8217;re going to tax unrealized capital gains, that&#8217;s just absurd. This is voodoo economics … it's absolutely ridiculous.".
There are also logistical hurdles to consider. Analysts have pointed out that taxing unrealized gains would likely require new reporting systems and create huge compliance headaches for taxpayers and the IRS.&nbsp;
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</ul>

This Market Pro Says Kamala Harris' Unrealized Capital Gains Tax 'Makes No Sense' And Will 'Suck Money Out Of The Market'

In a <a href="https://www.youtube.com/live/AD5Y9IMENys?si=GY6m540YBuJGYLOc&amp;t=2257">recent episode</a> of The Ramsey Show, financial experts <a href="https://www.benzinga.com/personal-finance/24/10/41213012/dave-ramseys-bold-plan-to-fight-inflation-could-his-radical-approach-help-you-keep-more-cash-in-">Dave Ramsey</a> and Ken Coleman discussed an interesting dilemma presented by Phillip, a caller from Pittsburgh.&nbsp;
Phillip works full-time in tax planning and consulting and has been growing a $30,000-a-year side hustle in the same field. Now, he's been offered the opportunity to buy a $225,000 tax preparation and consulting business from an older owner.&nbsp;
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The big question: Should he buy the established business or continue to grow his side hustle organically?
Phillip shared that his <a href="https://www.benzinga.com/general/education/24/08/40544061/young-entrepreneur-makes-354-000-a-month-tips-on-turning-side-hustle-into-big-business">side hustle</a> is relatively new, generating about $30,000 in revenue, of which he's kept around $5,000 after reinvesting in the business. His full-time job brings in a $90,000 salary, making his side hustle a <a href="https://www.benzinga.com/news/earnings/24/10/41271760/two-high-yield-etf-cash-machines-for-your-retirement-portfolio">supplementary income stream</a>. He's intrigued by the prospect of taking over the established business, but he would need to finance the deal through the current owner, as he doesn't have the cash to purchase it outright.
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Dave Ramsey immediately got down to the numbers. Phillip stated that the existing business bills between $175,000 and $180,000 per year, with an estimated net profit of $75,000. That's a roughly 50% profit margin, which sounds appealing.&nbsp;
However, Ramsey pointed out that those numbers hinge heavily on Phillip's ability to retain clients, manage the workload or hire someone to take over the tax preparation work.
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Ramsey said, &#8220;You don't want to buy a job; you want to buy a business." If Phillip were to purchase the practice, he would likely need to hire someone to manage the tax preparation. Ramsey estimated that this would cost Phillip around $50,000 annually, leaving him with a net profit of only $25,000 from the purchased business – on a $225,000 investment.
"Not a chance it&#8217;s worth that," Ramsey said.
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Ramsey didn't think the math added up. The potential net income wasn't worth the investment, especially considering the risk that Phillip might lose clients due to the transition. Phillip also commented that many clients are loyal to the current owner and any price increases could further drive them away.
Ken Coleman echoed Ramsey's concerns and encouraged Phillip to focus on his growing side hustle instead. Coleman highlighted Phillip's progress so far, noting how impressive it was that he had built up a business while maintaining a full-time job. With a strong salary and a growing side hustle, Coleman suggested Phillip take the more cautious route and avoid taking on debt to buy the larger business.
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"I don't see a huge windfall to take on this financing," Coleman said. "I don&#8217;t think it&#8217;s enough of a benefit to take on the debt. It doesn't make sense to me."
Both Ramsey and Coleman explored other options that Phillip could consider. Ramsey floated the idea of structuring a deal with the current business owner where Phillip wouldn't purchase the practice outright but would instead share revenue for a set period.&nbsp;
Trending: Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a>
Another suggested option was a "finder's fee" arrangement, where Phillip could take over the clients and pay the original owner a referral commission. This would allow him to grow his client base without taking on a large debt upfront.
In the end, Ramsey and Coleman's advice was clear: buying the $225,000 business didn't make financial sense. Instead, Phillip should continue to build his side hustle organically, avoiding <a href="https://www.benzinga.com/personal-finance/24/09/40838359/dave-ramsey-says-youre-wasting-5-000-a-year-if-you-spend-13-70-a-day-on-things-you-dont-need">unnecessary debt</a> and growing his business at his own pace.
For anyone considering a similar decision, Ramsey stresses the following take-away: don&#8217;t buy yourself a job. Instead, focus on creating a business that provides value and generates income without burdening you with overwhelming debt.&nbsp;
You may also contact a trusted <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> to help outline the benefits and drawbacks unique to your situation. They can help you better understand the financial pros and cons to make the most informed decision.&nbsp;
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Should I Buy A $225K Business Or Grow My $30K Side Hustle? – Dave Ramsey Weighs In

The stock of U.S.-listed&nbsp;Chinese&nbsp;companies gave up gains last week due to weakness. Chinese planning officials reportedly fell short of&nbsp;investor stimulus expectations, resulting in a dip after <a target="_blank" href="https://www.benzinga.com//node/41198527" rel="noreferrer noopener">two consecutive weeks of gains</a>.
These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>NetEase, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) stock plummeted 13.66%, giving up gains after two weeks of upmove.</li>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) stock dipped 13.25% after investors soured on China&#8217;s stimulus measures.</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares were down 13.14%.</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell 12.91% last week following its Cybercab unveiling, with <a href="https://www.benzinga.com//node/41295072" target="_blank" rel="noreferrer noopener">investors assessing a potential</a> 2026 or 2027 timeline.</li>
<li>Toronto Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) stock lost 10.52% last week <a href="https://www.benzinga.com//node/41271816" target="_blank" rel="noreferrer noopener">following a report suggesting</a> the company is expected to pay approximately $3 billion in penalties and face growth limits as part of an anti-money-laundering settlement.</li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) stock lost 9.48% last week after investors soured on China&#8217;s stimulus measures.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) stock fell 8.50% after Jefferies cut its price forecast <a href="https://www.benzinga.com/quote/FSLR/analyst-ratings" target="_blank" rel="noreferrer noopener">from $271 to $266.</a></li>
<li>The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) share dipped 8.41%.</li>
<li>Align Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) lost 8.00% last week after several analysts lowered the <a href="https://www.benzinga.com/quote/algn/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares were down 7.83%, giving up gains after two weeks of upmove.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) shares declined 7.63%, giving up gains after two weeks of upmove.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/24/10/41304776/uber-microstrategy-and-robinhood-are-among-top-11-large-cap-gainers-last-week-oct-7-oct-11-are-the-o" target="_blank" rel="noreferrer noopener">Uber, MicroStrategy And Robinhood Are Among Top 11 Large Cap Gainers Last Week (Oct 7-Oct 11): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Tesla

Movers

Trading Ideas

ALGN

BEKE

FSLR

FUTU

NTES

US Listed Chinese Stocks Give Up Gains - Li Auto, Tesla And Nio Are Among Top 11 Large Cap Losers Last Week (Oct 7-Oct 11): Are The Others In Your Portfolio?

Legendary National Basketball Association star and Hall of Famer Shaquille O'Neal surprised many when he shared on a 2020 podcast that he voted for the first time in <a href="https://www.benzinga.com/general/politics/24/09/41079936/shaq-called-trump-a-straight-up-guy-before-presidency-i-think-he-just-says-it-wrong-but-did-the-">that year's presidential election.</a>
O'Neal, who is best known as Shaq by many, admitted on a 2020 episode of his podcast "The Big Podcast with Shaq" that the 2020 election was the first time he voted.
"You know I always like being honest on my podcast. I've never voted before, America," O'Neal <a href="https://www.cbsnews.com/news/shaquille-o-neal-election-voting-first-time-at-48/">said</a>. "But, now I'm doing all these voting campaigns, and you know, one thing I never like to do is be a hypocrite."
O'Neal said he used a mail-in ballot in the 2020 election, but did not share on the podcast who he voted for.
"I voted for the first time, and it feels good."
O&#8217;Neal admitted to not understanding the electoral college system, mentioning that&nbsp;Hillary Clinton&nbsp;won the popular vote in the 2016 election, but lost to Trump, who had more electoral votes than her.
Despite not understanding the voting system, O'Neal said he had "no excuse" for not voting in earlier elections.
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent101224">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Shaq Praised Donald Trump: In a previous interview, Shaq acknowledged his friendship with Donald Trump and said he believed the then-presidential candidate was misunderstood before the 2016 election.
"Donald Trump speaks to an eclectic type audience," O'Neal previously said.
The former NBA star acknowledged that while Trump speaks his mind, he often delivers his messages poorly.
"I just think he says it wrong." O&#8217;Neal acknowledged that Trump has no problem telling people to tuck in their shirts or pointing things out.
&#8220;Donald&#8217;s like a straight-up guy. He&#8217;s a straight-forward guy.&#8221;
With Trump running again in the 2024 election, O'Neal has not publicly said if he will be voting for him in this year's election. Benzinga reached out to O'Neal's team for an update on his current views regarding Trump, but no comment was provided.
Another Late Voter Athlete: While O'Neal voted for the first time in the 2020 election, a race car driver will make their first vote in the upcoming 2024 presidential election.
Forty-two year old former NASCAR and IndyCar driver Danica Patrick recently revealed that she had never voted in an election before.
"I just want to say I've never voted before, but this time around, I have to vote," Patrick said during a town hall she hosted for vice-presidential candidate J.D. Vance. "It's that important."
Patrick said with "1,000%" certainty that she is voting for Trump and Vance in the 2024 election, as <a href="https://nypost.com/2024/10/11/us-news/danica-patrick-reveals-shes-never-voted-before-but-will-back-trump-this-year/">reported </a>by the New York Post.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/09/40971563/nba-legend-shaq-once-found-a-wallet-in-beverly-hills-usually-when-i-find-wallets-i-just-tak">NBA Legend Shaq Once Found A Wallet In Beverly Hills: &#8216;Usually When I Find Wallets I Just Take All The Money Out&#8217; — But This One Was David Beckham&#8217;s, So Here&#8217;s What He Did</a></li>
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Photo: Shutterstock

Sports

NBA Legend Shaq Admitted That He 'Never Voted' In Presidential Election Until 2020 As He Urged Others To Register: 'One Thing I Never Like To Do Is Be A Hypocrite'

New research by David Blanchett, managing director at PGIM DC Solutions, reveals significant disparities between the retirement planning services financial advisors believe they&#8217;re providing and what clients actually report receiving. This gap highlights areas where advisors need to improve their <a href="https://www.benzinga.com/personal-finance/financial-advisors/24/09/41082256/long-term-care-costs-are-reshaping-advisor-client-relationships">communication and service delivery.</a>
For <a href="https://www.linkedin.com/feed/update/urn:li:activity:7249372973982191616/">example</a>, while 97% of advisors claim to discuss Required Minimum Distributions (RMDs) regularly, only 54% of clients report experiencing such conversations. Advisors need to ensure clients understand the importance of RMD planning to avoid penalties and optimize tax strategies.
In terms of retirement lifestyle planning, 70% of advisors say they frequently discuss how clients will spend their retirement time, but only 29% of clients recall these conversations. Emphasizing the non-financial aspects of retirement planning, including social connections and healthy habits, is crucial in helping clients have a good retirement.
Also Read: <a href="https://www.benzinga.com/general/entertainment/24/10/41269219/michael-jordan-buys-a-new-private-jet-that-is-also-owned-by-tech-billionaires-elon-musk-and">Michael Jordan Buys A New Private Jet That Is Also Owned By Tech Billionaires Elon Musk And Jeff Bezos</a>
There&#8217;s also a gap in the perceived importance of wealth protection and lifetime income products between advisors and clients. Addressing this discrepancy will help advisors better align with their clients&#8217; needs and expectations.
Tax minimization is another area of concern, with 95% of advisors reporting they provide such strategies, but only 64% of clients acknowledging this guidance. Significant gaps also exist in discussions about monthly budgeting and account withdrawal strategies. Advisors should provide more granular guidance in these areas to help clients better prepare for their financial future.
To bridge these gaps, improving communication is crucial. Advisors should consider developing more tactical approaches to address specific retirement issues, ensuring clients understand and remember the guidance provided. Implementing comprehensive checklists or materials that cover all key aspects of retirement planning can help ensure thorough coverage of essential topics. Regular follow-ups to review and reinforce important retirement planning concepts can also help bridge memory gaps.
Ultimately, advisors should strive to provide more comprehensive retirement planning services that align with clients&#8217; expectations and needs. By addressing these areas, financial advisors can better meet their clients&#8217; retirement planning needs and ensure a more aligned understanding of the services provided.
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<li><a href="https://www.benzinga.com/news/24/10/41288103/elon-musks-fully-autonomous-driving-dreams-now-scheduled-for-2025-but-regulatory-hurdles-stand-in-th">Elon Musk&#8217;s Fully Autonomous Driving Dreams Now Scheduled For 2025, But Regulatory Hurdles Stand In The Way Of Tesla&#8217;s Robotaxi Rollout</a></li>
</ul>
Photo: Unsplash

Financial Advisors

Advisors Say They Cover Key Retirement Topics, But Clients Disagree — New Research Highlights The Disconnect

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) shares jumped 27.42% after introducing new fabric <a href="https://www.benzinga.com//node/41250240" target="_blank" rel="noreferrer noopener">switches for AI infrastructure</a>. The stock may also be getting a lift from <a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank" rel="noreferrer noopener">positive analyst coverage</a>.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) stock gained 25.55% last week after the company announced on Thursday that it entered into agreements with Walmart de México y Centroamérica to implement its warehouse automation systems <a href="https://www.benzinga.com/pressreleases/24/10/g41268313/symbotic-announces-agreement-to-implement-multiple-industry-leading-warehouse-automation-systems-f" target="_blank" rel="noreferrer noopener">in two of the retailer's locations.</a></li>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock gained 20.44% amid a rise in Bitcoin (CRYPTO: BTC/USD) price.</li>
<li>Affirm Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) shares gained 19.61% after Wells Fargo <a href="https://www.benzinga.com/quote/afrm/analyst-ratings" target="_blank" rel="noreferrer noopener">upgraded the stock</a> from Equal-Weight to Overweight and raised its price target from $40 to $52.</li>
<li>Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) shares gained 16.24% last week in reaction to Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com//node/41288999" target="_blank" rel="noreferrer noopener">announcing that a rival offering</a>, the Cybercab, will go into production in 2026.</li>
<li>Super Micro Computer, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock gained 15.94% last week <a href="https://www.benzinga.com//node/41211823" target="_blank" rel="noreferrer noopener">after the company announced</a> it deployed 100,000+ GPUs with liquid cooling systems for AI factories.</li>
<li>Robinhood Markets Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) stock upped 14.77% after the company announced its investor day event on Dec. 4.</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) stock rose 14.66% after Citigroup upgraded the stock from Neutral to Buy and raised <a href="https://www.benzinga.com//node/41255765" target="_blank" rel="noreferrer noopener">its price target from $20 to $30</a>.</li>
<li>Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) shares surged 13.99%.</li>
<li>Carnival Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) shares increased 13.37%.</li>
<li>Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) shares upped 12.03%. The company announced the appointment of a <a href="https://www.benzinga.com//node/41276670" target="_blank" rel="noreferrer noopener">new president of product and engineering</a>.</li>
</ol>
Image via Shutterstock

AFRM

ALAB

HOOD

MSTR

NCLH

SMCI

UBER

Uber, MicroStrategy And Robinhood Are Among Top 11 Large Cap Gainers Last Week (Oct 7-Oct 11): Are The Others In Your Portfolio?

The Internet Archive, a&nbsp;global digital library, has suffered a significant security breach and a DDoS attack, compromising <a target="_blank" href="https://www.benzinga.com/news/24/10/41266620/internet-archive-hit-by-major-security-breach-and-ddos-attack-31-million-accounts-compromised" rel="noreferrer noopener">data of 31 million accounts</a>.
Following a court ruling, Turkey has banned the widely-used instant messaging platform Discord, according to the country's Information Technologies and <a href="https://www.benzinga.com/news/24/10/41243847/erdo-ans-justice-minister-speaks-up-on-discord-ban-in-turkey-we-are-determined-to-protect-our-youth" target="_blank" rel="noreferrer noopener">Communication Authority or BTK</a>.
The U.N. revealed in a report that the messaging app&nbsp;Telegram, an&nbsp;encrypted messaging app, has been identified as a <a target="_blank" href="https://www.benzinga.com/news/24/10/41221289/telegram-the-new-frontier-for-criminal-gangs-un-report-uncovers-alarming-trends-in-organized-crime" rel="noreferrer noopener">major platform for criminal activities</a>.
In a cyberattack linked to the Chinese government, major U.S. broadband providers have reportedly been breached, potentially compromising systems used for <a href="https://www.benzinga.com/news/24/10/41200026/chinese-hackers-breach-at-t-verizon-networks-in-major-wiretap-data-theft-putting-us-national-securit" target="_blank" rel="noreferrer noopener">court-authorized wiretapping requests</a>.
Billionaire entrepreneur and&nbsp;Dallas Mavericks&nbsp;owner&nbsp;Mark Cuban&nbsp;has shed light on the future of linear television and streaming platforms, highlighting the <a target="_blank" href="https://www.benzinga.com/news/24/10/41219900/mark-cuban-on-how-tv-will-evolve-in-the-future-says-he-saw-the-rise-of-netflix-like-platforms-before" rel="noreferrer noopener">crucial&nbsp;role of sports media rights</a>.
Gaming
Nintendo Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) has officially announced the "Nintendo Switch Online: Playtest Program," allowing up to 10,000 participants to test a new feature related to <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41280517/how-to-join-nintendos-playtest-program-to-experience-new-switch-online-feature" rel="noreferrer noopener">the&nbsp;Nintendo Switch Online service</a>.
FIFA has announced a fresh partnership with&nbsp;Konami Group ADR, marking the return of the<a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41279567/fifa-partners-with-konami-for-efootball-fifae-world-cup-revival" rel="noreferrer noopener">&nbsp;FIFAe World Cup tournament</a>.
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) has revealed the full slate of new additions coming to the PlayStation Plus Games Catalog for October 2024, giving subscribers a variety of games to look forward to across <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41277228/playstation-plus-october-2024-dead-island-2-leads-spooky-lineup-of-14-games" rel="noreferrer noopener">both the&nbsp;Extra and Premium tiers</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41209970/netflix-analysts-turn-more-optimistic-ahead-of-earnings-expensive-for-a-reason" rel="noreferrer noopener">Netflix Analysts Turn More Optimistic Ahead Of Earnings: &#8216;Expensive For A Reason&#8217;</a>
Media, Communication &amp; Music
ByteDance-owned&nbsp;TikTok&nbsp;is facing legal action from&nbsp;13 U.S. states and the&nbsp;District of Columbia.&nbsp;The states accuse TikTok of&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/10/41243023/tiktok-gets-sued-13-states-and-dc-accuse-chinese-platform-of-boosting-corporate-profits-via-social-m" rel="noreferrer noopener">causing harm to its younger users</a>.
Following the success of "Oppenheimer," renowned director&nbsp;Christopher Nolan has reportedly joined forces with actor&nbsp;Matt Damon for a <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41266961/christopher-nolan-taps-matt-damon-for-mystery-2026-imax-epic-is-universals-big-bet-likely-t" rel="noreferrer noopener">new&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41266961/christopher-nolan-taps-matt-damon-for-mystery-2026-imax-epic-is-universals-big-bet-likely-t" rel="noreferrer noopener">Imax Corporation</a><a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41266961/christopher-nolan-taps-matt-damon-for-mystery-2026-imax-epic-is-universals-big-bet-likely-t" rel="noreferrer noopener"> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>)</a>.
Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is gearing up to launch&nbsp;AI avatars&nbsp;that can communicate on behalf <a target="_blank" href="https://www.benzinga.com/news/24/10/41265317/zoom-custom-ai-avatars-can-now-deliver-messages-to-your-team-as-you-skipping-boring-remote-meetings" rel="noreferrer noopener">of users by posing as them</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41215414/goldman-sachs-raises-forecast-on-spotify-cites-user-engagement-growth-and-potential" rel="noreferrer noopener">Goldman Sachs Raises Forecast On Spotify, Cites User Engagement Growth and Potential Deluxe Tier Revenue</a>
Technology
Advanced Micro Devices, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) disclosed plans for its next-gen&nbsp;MI350&nbsp;chip, aimed at competing with NVIDIA Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) new Blackwell system, with shipping anticipated&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/10/41284533/nvidias-blackwell-chip-faces-amds-mi350-challenge-in-2025-ceo-lisa-su-says-beginning-not-the-end-of" rel="noreferrer noopener">in the second half of&nbsp;2025</a>.
Advanced Micro Devices launched several new high-performance computing solutions at the event, including fifth Gen AMD EPYC server CPUs, AMD Instinct MI325X accelerators, AMD Pensando Salina DPUs, AMD Pensando Pollara 400 NICs and AMD Ryzen AI PRO 300 series <a target="_blank" href="https://www.benzinga.com/news/24/10/41282666/what-happened-with-amd-stock-today" rel="noreferrer noopener">processors for enterprise AI PCs</a>.&nbsp;
Taiwanese contract manufacturer Hon Hai Precision Industry Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>) the company, which is popularly called&nbsp;Foxconn&nbsp;is gearing up to construct the&nbsp;largest <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41221276/apple-supplier-foxconn-to-build-worlds-largest-nvidia-superchip-factory-amid-soaring-ai-demand" rel="noreferrer noopener">manufacturing facility&nbsp;for&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41221276/apple-supplier-foxconn-to-build-worlds-largest-nvidia-superchip-factory-amid-soaring-ai-demand" rel="noreferrer noopener">Nvidia&#8217;s </a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41221276/apple-supplier-foxconn-to-build-worlds-largest-nvidia-superchip-factory-amid-soaring-ai-demand" rel="noreferrer noopener">GB200 chip</a>.
Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google&nbsp;is rolling out new AI-powered security features for Android devices aimed at preventing phone theft. These features, which were&nbsp;initially announced in May, are designed to <a href="https://www.benzinga.com/news/24/10/41204898/google-starts-rolling-out-ai-powered-security-features-to-combat-android-phone-theft" target="_blank" rel="noreferrer noopener">automatically secure a device if it is stolen</a>.
Following&nbsp;the antitrust verdict,&nbsp;Google has made moves to halt changes <a target="_blank" href="https://www.benzinga.com/news/24/10/41220186/google-will-continue-to-fight-epic-games-in-court-to-halt-epic-requested-changes-to-play-store-under" rel="noreferrer noopener">proposed by&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41220186/google-will-continue-to-fight-epic-games-in-court-to-halt-epic-requested-changes-to-play-store-under" rel="noreferrer noopener">Epic Games</a>.
Amazon.com, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) cloud computing platform,&nbsp;Amazon Web Services&nbsp;CEO&nbsp;Matt Garman&nbsp;disclosed that the company had been delving into generative AI long&nbsp;before it <a target="_blank" href="https://www.benzinga.com/news/24/10/41201296/aws-ceo-matt-garman-once-an-intern-says-they-were-pioneering-generative-ai-at-amazon-long-before-cha" rel="noreferrer noopener">became a widely&nbsp;accepted concept</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41257775/uber-well-positioned-despite-tesla-robotaxi-threat-analyst-says" rel="noreferrer noopener">Uber &#8216;Well Positioned&#8217; Despite Tesla Robotaxi Threat, Analyst Says</a>
Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) formally rejected the accusations levied in a recent report by&nbsp;Hindenburg Research, an investment firm <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41255828/roblox-denies-hindenburgs-accusations-of-inflating-metrics-failing-at-child-safety-calls-them-misl" rel="noreferrer noopener">known for&nbsp;activist short-selling</a>.
Smartphones
Earlier this year, tech giants&nbsp;Alphabet and&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) joined forces to simplify the process of moving photos and videos between <a href="https://www.benzinga.com/news/24/10/41265188/how-to-switch-from-google-photos-to-apples-icloud" target="_blank" rel="noreferrer noopener">their platforms by launching a tool</a>.
Amazon.com and&nbsp;Apple have announced a collaboration, as per which&nbsp;Apple TV+ will be <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41264628/apple-tv-coming-to-amazon-prime-video-this-month-what-you-need-to-know-about-the-9-99-add-o" rel="noreferrer noopener">available through&nbsp;Prime Video</a>.
Apple&nbsp;is reportedly planning to launch a health-focused smart ring by 2026, according to a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41222158/apples-smart-ring-could-launch-by-2026-in-line-with-tim-cooks-health-centric-vision" rel="noreferrer noopener">forecast by analysts at CCS Insight</a>.
Elon Musk &amp; Artificial Intelligence (AI)
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;Robotaxi is set to disrupt the autonomous driving market, <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech" target="_blank" rel="noreferrer noopener">currently led by </a><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech" target="_blank" rel="noreferrer noopener">Alphabet&#8217;s </a><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech" target="_blank" rel="noreferrer noopener">Waymo</a>.
CEO&nbsp;Elon Musk's social media platform,&nbsp;X, formerly&nbsp;Twitter, has been granted permission by Brazil's Supreme Court to&nbsp;recommence<a target="_blank" href="https://www.benzinga.com/news/24/10/41242624/elon-musk-vows-to-defend-freedom-of-speech-but-within-the-boundaries-of-the-law-as-x-gets-brazil-gre" rel="noreferrer noopener"> its operations&nbsp;in the country</a>.
The Federal Communications Commission or FCC has temporarily authorized&nbsp;Elon Musk-led&nbsp;SpaceX and&nbsp;T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) to provide direct-to-cell service via Starlink satellites in <a target="_blank" href="https://www.benzinga.com/news/24/10/41200194/spacex-and-t-mobiles-direct-to-cell-satellite-service-for-hurricane-hit-areas-green-lighted-by-fcc-a" rel="noreferrer noopener">areas&nbsp;impacted by Hurricane Helene</a>.
Read:<a target="_blank" href="https://www.benzinga.com/news/24/10/41224028/elon-musk-talks-ai-woke-mind-virus-starlink-and-california-governor-gavin-newsom-with-tucker-carlson" rel="noreferrer noopener"> Elon Musk Talks AI, Woke Mind Virus, Starlink And California Governor Gavin Newsom With Tucker Carlson</a>
ChatGPT-parent&nbsp;OpenAI has disclosed that its platform is being misused by malicious entities to meddle with democratic <a href="https://www.benzinga.com/news/24/10/41267154/ahead-of-trump-vs-harris-faceoff-chatgpt-parent-openai-uncovers-election-interference-misuse-but-see" target="_blank" rel="noreferrer noopener">elections across the globe</a>.
Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41239978/s-p-500-earnings-season-kicks-off-why-analysts-call-this-quarter-a-stock-pickers-pa" target="_blank" rel="noreferrer noopener">S&amp;P 500 Earnings Season Kicks Off: Why Analysts Call This Quarter &#8216;A Stock Picker&#8217;s Paradise&#8217;</a>

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Consumer Tech News (Oct 7-Oct 11): Apple TV+ To Be Available Through Prime Video, Tesla Robotaxi To Disrupt Autonomous Driving Market & More

Donald Trump&#8216;s former White House Communications Director Anthony Scaramucci says Kamala Harris will <a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman">win the upcoming election</a> and that her supporters need to stay calm and focused.
What Happened: In a post on X last week, Scaramucci, who will be the keynote speaker at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on November 19, predicted a decisive Harris victory despite the tight polls.
He urged his followers to remain calm and continue working towards this outcome. He also expressed his hope for a revamp of the Republican Party, stating it would only regain respectability if the GOP is dealt a significant defeat next month.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Stay calm. Let's keep working. Harris will win. This guy gets going at about the 2:30 mark. The Republican party will only again become a respectable party, which will support our democracy, if it gets BLOWN OUT in this election. <a href="https://t.co/sV3bbV1LzV">https://t.co/sV3bbV1LzV</a>
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1844595836568649811?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Also Read: <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">Scaramucci: &#8216;Trump Is In Trouble And He Knows It&#8217;, Slams Him On Conflicting Abortion Statements: &#8216;He&#8217;s Shotgunning Out Statements And Words&#8217;</a>
Scaramucci&#8217;s tweet included a link to a YouTube video titled &#8220;Harris Will Beat Trump Decisively; Most Polls Are WRONG &#8211; Here&#8217;s Why&#8221;. 
He highlighted a particular segment of the video, starting at the 2:30 mark, which he believes provides compelling arguments for Harris&#8217; potential victory.
Why It Matters: Scaramucci&#8217;s prediction comes amidst a highly charged political climate. His endorsement of Harris and call for a Republican defeat reflect the polarized views that have characterized this election season. 
His tweet, which has garnered significant attention, underscores the high stakes and intense scrutiny surrounding the election.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
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.

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