 (SHMSY) Stock, Quote.Headers.trade-ideas

Shimao Services Holdings Ltd is a property management and community living service provider in the PRC. The company operates in business in four segments namely property management services; community value-added services; value-added services to non-property owners and city services. It offers a wide range of property management services to property developers, property owners and residents. Its value-added services to non-property owners include sales office management services; preliminary planning and design consultancy services; and repair and maintenance services. It derives maximum revenue from Property management services.

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Vice President Kamala Harris and former President Donald Trump are engaged in a neck-and-neck battle for the presidency, with the outcome expected to <a href="https://www.benzinga.com/news/24/09/41082772/harris-vs-trump-new-polls-show-tight-race-in-battleground-states">be one of the closest in U.S. history</a>.
What Happened: Harris is currently slightly ahead, with a 54% probability of securing the presidency according to The Hill/Decision Desk HQ model. 
However, the Senate race is leaning towards the Republicans with a 71% chance, and the House race is also closely contested, with Republicans holding a 56% likelihood of maintaining their majority.
The FiveThirtyEight model gives Harris a 55% chance of victory, while online betting markets have an even tighter split, with Harris given a 50.3% chance to Trump&#8217;s 49.0%, as of Sunday morning.
The last quarter has been marked by significant events, including a high-stakes presidential debate, two attempts on a candidate&#8217;s life, and a sitting president withdrawing from a reelection bid later than any point in recent history.
Harris&#8217;s nomination as the Democratic candidate has invigorated the party, resulting in a boost in her popularity ratings.
Despite this, the polls have remained relatively stable since her initial rise, with Harris maintaining a narrow lead nationally and in most of the seven key battleground states. 
The race is predicted to be a nail-biter, with the result potentially depending on a handful of swing states.
Even though early voting has commenced in several states, the upcoming four weeks could still bring significant shifts to the race. 
Also Read: <a href="https://www.benzinga.com/news/24/10/41196906/polls-suggest-this-candidate-holds-slim-lead-in-presidential-race-with-one-month-to-go">Polls Suggest This Candidate Holds Slim Lead In Presidential Race With One Month To Go</a>
According to a report <a href="https://thehill.com/homenews/campaign/4917032-vice-president-harris-trump-presidential-race/">by</a> The Hill, recent occurrences such as a major hurricane impacting the Southeastern U.S. and rising tensions in the Middle East have contributed to the political atmosphere.
Political strategists suggest that even a slight shift could be pivotal in such a closely contested race. Both parties remain hopeful about their chances, with Democratic National Committee Chair Jaime Harrison stating that the enthusiasm for Harris is &#8220;palpable.&#8221;
"I think the race is where I expected it would be, which is really, really close," Democratic strategist Jared Leopold told the outlet. "It's going to come down to the last month and who can execute and get done what they need to get done in a couple swing states."&nbsp;
"We're fighting for inches on the map, so every little thing is magnified when you're talking about these states," said Republican strategist Ford O'Connell.
"I don't think you're going to have this monstrous thing that's going to shove it one way or the other, but I do think you could have a series of events that together finally says to somebody who doesn't traditionally vote, screw it, I'm pulling the lever for Trump or Harris," O'Connell said to The Hill.
Why It Matters: The outcome of this election could have far-reaching implications for the country&#8217;s political landscape. The tight race underscores the deep divisions within the country and the high stakes involved in this election. 
The next four weeks will be crucial in determining the direction of the country for the next four years.
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.

News

Politics

Harris And Trump In Razor-Tight Race With One Month To Go

The US Supreme Court embarks on its new term on Monday in the midst of a contentious presidential race and a docket filled with potentially divisive cases.
What Happened: The court is reconvening three months after handing down a series of significant decisions. Although the current docket seems less heated, it encompasses disputes over ghost guns and healthcare for transgender youth.
The ongoing election between former President Donald Trump and Vice President Kamala Harris, which remains too close to predict, could potentially draw the court into a polarizing conflict, <a href="https://www.bloomberg.com/news/articles/2024-10-05/supreme-court-returns-to-ghost-guns-trans-care-and-maybe-trump-cases?srnd=homepage-americas&amp;sref=TBDibEcD">reports</a> Bloomberg.
Rick Hasen, an election-law expert from UCLA School of Law, told the outlet, &#8220;I think the court would rather not be in the position of determining the outcome of the election.&#8221;
"If it's so close that it turns on just a single state that is very close, then I think we'd see a repeat of Bush v. Gore. But that is not a likely occurrence, just based on the odds," Hasen added.
Also Read: <a href="https://www.benzinga.com/news/24/09/40760283/betting-on-u-s-elections-federal-judges-decision-greenlights-political-wagers">Betting On U.S. Elections? Federal Judge&#8217;s Decision Greenlights Political Wagers</a>
The court has already dismissed requests to include Green Party candidate Jill Stein on the Nevada ballot and to reinstate independent Robert F. Kennedy Jr. on the New York ballot, despite his suspended candidacy.
Larger disputes may emerge over mail-in ballot regulations and state certification of election results.
Why It Matters: The court&#8217;s involvement in a major election case could test its conservative-majority standing, which has been affected by ethical controversies and divisive rulings. A poll conducted by Marquette Law School in August revealed a 43% approval and 57% disapproval rating of the court.
High-profile pending cases include the Biden administration&#8217;s challenge to a Tennessee law that bans puberty blockers and hormone therapy for transgender children. The outcome of the election could sway these cases, as a Trump win might result in the withdrawal of the federal government&#8217;s appeal.
Other cases involve a dispute over a 2022 Biden administration rule that treats build-at-home &#8220;ghost gun&#8221; kits the same as fully assembled firearms. The court&#8217;s prior ruling on a similar case may hint at its approach to this one.
The court will continue to add cases for the term until mid-January, potentially revisiting Trump&#8217;s bid for immunity from criminal prosecution over his efforts to overturn his 2020 election loss.
Read Next
<a href="https://www.benzinga.com/news/24/07/39871937/trumps-judicial-appointments-are-paying-off-for-him-especially-as-he-navigates-several-legal-battles">Trump&#8217;s Judicial Appointments Are Paying Off For Him — Especially As He Navigates Several Legal Battles</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.

Supreme Court Set To Reconvene With Ghost Guns, Trans Youth Healthcare, And Elections On Docket

In a unique display of love, billionaire Mark Cuban subjected his wife, Tiffany Stewart, to an unconventional fast food test before <a href="https://www.benzinga.com/news/24/08/40667225/mark-cuban-asks-his-8m-x-followers-about-whose-character-would-they-like-young-children-to-grow-up-e">they got married</a>.
What Happened: The &#8220;Shark Tank&#8221; star disclosed that he once challenged Stewart to consume a greasy slider from White Castle before they tied the knot. This revelation was made on the &#8220;Club Shay Shay&#8221; podcast <a href="https://www.youtube.com/watch?v=0DAVdTTgGcU">post</a>.
Cuban explained the test was straightforward: &#8220;We're going to White Castle, and if you really love me, you'll eat a White Castle burger!&#8221; Stewart successfully passed the test, he confirmed.
Also Read: <a href="https://www.benzinga.com/news/24/10/41196856/heres-how-mark-cubans-drunken-splurge-of-125-000-turned-into-a-profitable-investment">Mark Cuban Drunkenly Bought A $125,000 Lifetime Flight Pass And Turned It Into A Profitable Investment</a>
Why It Matters: When Cuban was contemplating marriage with Stewart, he had already achieved billionaire status for at least three years. 
The duo first crossed paths in 1997 at a Dallas gym and exchanged vows five years later in a Barbados ceremony in 2002, according to People.
The couple has three children: daughters Alexis and Alyssa, and son Jake. Cuban, with a current net worth of $5.7 billion, has previously shared his views on parenting, stressing the significance of his children earning their own way and avoiding a sense of entitlement.
Read Next
<a href="https://www.benzinga.com/top-stories/24/06/39241650/heres-how-mark-cuban-made-91-of-his-employees-millionaires" target="_blank" rel="noreferrer noopener">Here's How Mark Cuban Made 91% Of His Employees Millionaires</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image: Wikimedia Commons

Entertainment

Social Media

Mark Cuban Put His Wife Through This Fast Food Test Before Their Wedding

South Korean President Yoon Suk Yeol suggests that Kim Jong Un&#8216;s latest nuclear saber-rattling is a calculated move to draw the attention of the U.S. ahead of the presidential election.
What Happened: The South Korean leader anticipates major provocations from North Korea, including a nuclear test explosion and a long-range missile test.
Yoon is preparing for a tour of three nations, including a visit to Laos for meetings with Southeast Asian and other global leaders. He intends to emphasize the significance of North Korea&#8217;s nuclear disarmament for regional peace at the Association of Southeast Asian Nations (ASEAN)-related gatherings, <a href="https://apnews.com/article/south-korea-yoon-north-nuclear-asean-3e6a6839383efed921afc12351e3ba8c">reports</a> The Associated Press.
North Korea has been a mounting concern in the past few weeks, following the disclosure of a clandestine uranium-enrichment facility, a pledge to manufacture more nuclear weapons, and ongoing missile tests. 
Last week, Kim threatened to annihilate South Korea with his nuclear weapons, if incited.
Experts speculate that North Korea aims to use an expanded nuclear arsenal as a bargaining chip to secure outside concessions such as sanctions relief, following the election of a new U.S. president. 
The recent revelation of the nuclear site demonstrated Kim&#8217;s defiance of U.S.-led initiatives to eradicate his progressing nuclear program.
Also Read: <a href="https://www.benzinga.com/news/24/10/41197208/kim-jong-un-and-xi-jinping-vow-to-write-a-new-chapter-in-china-north-korea-cooperation-develop-the-f">Kim Jong Un And Xi Jinping Vow To &#8216;Write A New Chapter&#8217; In China-North Korea Cooperation: &#8216;Develop The Friendly And Cooperative Relations&#8230;As Required&#8217;</a>
President Yoon did not provide details on whether South Korea has identified any suspicious activities in North Korea that suggest its preparations for nuclear and ICBM tests. 
He confirmed that South Korea is vigilantly observing North Korea&#8217;s movements through the South Korea-U.S. combined intelligence and surveillance assets.
Since his inauguration in 2022, Yoon has prioritized a stronger military alliance with the United States in his foreign policy to manage North Korea&#8217;s evolving nuclear threats. He expressed confidence that the &#8220;ironclad&#8221; South Korea-U.S. alliance will continue to progress steadily, irrespective of the U.S. election results.
Why It Matters: The recent threat by Kim has added to the growing tensions on the Korean Peninsula. North Korea&#8217;s intensified nuclear production efforts and strengthened ties with Russia have raised alarms in the West. The speculation that North Korea could revoke a key agreement for the potential reunification of the Koreas has further escalated the situation.
Kim&#8217;s threat of nuclear retaliation against South Korea if provoked is a significant escalation in the already tense relations between the two Koreas. 
The international community will be closely monitoring the situation, as any further escalation could have severe consequences for regional and global security.
Read Next
<a href="https://www.benzinga.com/news/24/10/41181104/kim-jong-un-threatens-nuclear-retaliation-against-south-korea-if-attacked">Kim Jong Un Threatens Nuclear Retaliation Against South Korea If Attacked</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.

Global

North Korea Threatens Nuclear War, But South's President Calls It A Bid For US Attention

Elon Musk appeared at a Donald Trump rally in Butler, Pa., on Saturday, where he made a fervent appeal to Trump supporters to register and cast their <a href="https://www.benzinga.com/news/24/09/40761472/could-elon-musk-lead-doge-if-donald-trump-returns-to-the-white-house">votes in next month&#8217;s election</a>.
What Happened: Musk, wearing a black MAGA hat, made an appearance at Trump&#8217;s rally, which took place at the location of the July assassination attempt against Trump. Musk praised Trump&#8217;s fortitude in overcoming adversity, drawing a comparison with President Joe Biden&#8216;s perceived physical weakness.
"As you can see, I'm not just MAGA, I'm dark MAGA. The true test of someone's character is how they behave under fire. And we had one president who couldn't climb a flight of stairs and another who was fist pumping after getting shot," Fox News <a href="https://www.foxnews.com/video/6362892375112">reported</a> Musk saying during the rally.
Musk urged the crowd to motivate their acquaintances and relatives to register to vote and back Trump. He cautioned that if Trump does not emerge victorious in the upcoming election, it could potentially be the &#8220;last election.&#8221;
&#8220;Free speech is the bedrock of democracy and if people don't know what's going on, if they don't know the truth, how can you make an informed vote? You must have free speech in order to have democracy,&#8221; Musk said. 
Also Read: <a href="https://www.benzinga.com/news/24/09/41082363/heres-how-elon-musk-has-become-a-pro-trump-political-influencer-through-social-media">Here&#8217;s How Elon Musk Has Become A Pro-Trump Political Influencer Through Social Media</a>
Musk highlighted the significance of the election, voicing concerns over threats to freedom of speech and the right to bear arms. He also criticized states that do not mandate voter ID, arguing that it compromises the integrity of the election.
Musk&#8217;s call for voter registration was particularly pressing for residents of Georgia and Arizona, where the registration deadline was just two days away at the time of the rally.
On the same day, Musk went on X and said, &#8220;If there is a Democratic Party victory this election, they will ban voter ID requirements nationwide, enabling massive voter fraud. Banning voter ID is their stated goal – they are not hiding it! After that, your vote won't matter, so this is therefore the last real election. Vote for Trump to save democracy.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If there is a Democratic Party victory this election, they will ban voter ID requirements nationwide, enabling massive voter fraud. Banning voter ID is their stated goal – they are not hiding it! After that, your vote won't matter, so this is therefore the last real election.… <a href="https://t.co/5XlUOAvqoV">https://t.co/5XlUOAvqoV</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1842601913440997846?ref_src=twsrc%5Etfw">October 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> doesn't win, the Democrats will have 4 years to turn swing states in permanent deep blue states <a href="https://t.co/56hBgUxGvd">https://t.co/56hBgUxGvd</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1842617203331379257?ref_src=twsrc%5Etfw">October 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The rally and Musk&#8217;s appeal underscore the high stakes and intense political climate surrounding the upcoming election. 
Musk&#8217;s comments about the potential threat to free speech and the right to bear arms resonate with many Trump supporters, who share similar concerns. 
His criticism of states without voter ID requirements also taps into ongoing debates about election integrity and voter suppression. 
The urgency of Musk&#8217;s call for voter registration, particularly in key states like Georgia and Arizona, highlights the crucial role these states could play in determining the election outcome.
Read Next
<a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures">What A Second Trump Presidency Would Mean For Elon Musk And His Many Ventures</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.

Elon Musk Urges Rally Crowd: 'Vote For Trump To Save Democracy'

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) stock tumbled 24.89% after the company updated investors on the decline in Stars&#8217; performance for 2025 and how it <a href="https://www.benzinga.com//node/41140319" target="_blank" rel="noreferrer noopener">will impact quality bonus payments in 2026</a>. Several analysts lowered <a href="https://www.benzinga.com/quote/hum/analyst-ratings" target="_blank" rel="noreferrer noopener">the stock&#8217;s price forecast</a>.</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) stock fell 17.06% last week after Chrysler Parent&#8217;s U.S. sales nosedived 20% <a href="https://www.benzinga.com//node/41147560" target="_blank" rel="noreferrer noopener">in the third quarter</a>. <a href="https://www.benzinga.com//node/41190669" target="_blank" rel="noreferrer noopener">Several</a> analysts <a href="https://www.benzinga.com/quote/stla/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded the stock</a>.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares dipped 10.63%. The company announced it will restrict services tied to Stablecoins that do not <a href="https://www.benzinga.com//node/41171878" target="_blank" rel="noreferrer noopener">meet MICA European regulations</a>.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares were down 10.15%.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares fell 10% last week after the company <a href="https://www.benzinga.com//node/41182921" target="_blank" rel="noreferrer noopener">lowered its annual production</a> guidance due to a supply shortage of shared components on the R1 and RCV platforms.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLSR#NASDAQ">FLSR</a>) stock lost 9.63% last week.</li>
<li>ConAgra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) stock declined 9.12% after the company reported <a href="https://www.benzinga.com//node/41140181" target="_blank" rel="noreferrer noopener">worse-than-expected Q1 financial results</a>.</li>
<li>Floor &amp; Decor Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) stock declined 8.81% last week.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares plummeted 8.59%. The company announced the completion of enrollment in its Phase III <a href="https://www.benzinga.com//node/41174110" target="_blank" rel="noreferrer noopener">HARMONi trial in 2L+ EGFRm NSCLC</a>.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) stock fell 8.44%. The company <a href="https://www.benzinga.com//node/41169029" target="_blank" rel="noreferrer noopener">reached a stipulation</a> in its ongoing patent infringement litigation with Alnylam Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>).</li>
<li>Nike, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) stock fell 8.04% after multiple firms cut their respective price targets <a href="https://www.benzinga.com//node/41147332" target="_blank" rel="noreferrer noopener">following a first-quarter revenue miss</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41198527/us-listed-chinese-stocks-dominate-another-week-li-auto-jd-com-among-top-10-large-cap-gainers-last-we" target="_blank" rel="noreferrer noopener">US Listed Chinese Stocks Dominate Another Week &#8211; Li Auto, JD.com Among Top 10 Large Cap Gainers Last Week (Sept 30-Oct 4): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by rafapress via Shutterstock

Movers

Trading Ideas

ALNY

COIN

FLSR

MBLY

MRNA

RIVN

SMMT

STLA

Coinbase, Nike And Moderna Are Among Top 11 Large Cap Losers Last Week (Sept 30-Oct 4): Are The Others In Your Portfolio?

With the start of a new week comes the excitement surrounding a new set of companies looking to make an impact through their public offerings. <a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a>, these enticing companies are scheduled to trade publicly this week.
<ul>
<li>KinderCare Learning Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLC#NYSE">KLC</a>) becomes publicly listed starting on Oct. 9. The company has a price range set between $23.00 and $27.00 with a 180-day lockup period. KinderCare Learning Companies, Inc will be offering 24,000,000&nbsp;shares at a per-share value of $25.00.</li>
</ul>
<h3>Breaking Down IPOs</h3>
Initial public offerings, or IPOs, are the transitional processes of private companies deciding to go public and offer shares to investors on exchanges. IPOs typically offer companies the ability to build capital by distributing shares across the market. A company interested in becoming publicly tradeable must first meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other important data points before the offering.
Companies and investment banks will work to establish a price range that the stock is expected to sell between. This is known as an offering range. Once a company goes public, its stock comes with an opening price. The insider lock-up period is usually a set number of days after an IPO where company insiders, or employees with a 10% or higher stake in their company, cannot sell shares.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

IPOs

IPO Previews For The Week

Florida&#8217;s Gulf Coast, still grappling with the aftermath of Hurricane Helene, is now bracing for another major hurricane. Tropical Storm Milton is rapidly intensifying and is expected to hit the region as a Category 3 hurricane by mid-week.
What Happened: Milton&#8217;s top winds reached 60 mph early Sunday, while it was approximately 860 miles west-southwest of Tampa.
The US National Hurricane Center anticipates the storm to escalate into a Category 3 hurricane, potentially reaching 120-mph winds by the time it makes landfall on Wednesday. In response, Gov. Ron DeSantis (R-Fla.) has declared a state of emergency in 35 counties.
Brandon Buckingham, a meteorologist at AccuWeather Inc., <a href="https://www.bloomberg.com/news/articles/2024-10-06/florida-faces-deadly-tropical-threat-in-hurricane-helene-s-wake?srnd=homepage-americas&amp;sref=TBDibEcD">told</a> Bloomberg that the situation as &#8220;scary&#8221; and urged residents not to take the threat lightly. He expects conditions to deteriorate significantly by late Tuesday or Tuesday night, with Wednesday being the most impactful day.
Also Read: <a href="https://www.benzinga.com/news/24/09/41103339/how-hurricane-helene-could-disrupt-global-semiconductor-supply-chain-and-potentially-drive-inflation">How Hurricane Helene Could Disrupt Global Semiconductor Supply Chain, And Potentially Drive Inflation Higher</a>
Milton is set to be the second major hurricane to hit the US in a span of two weeks, following Helene, which resulted in losses and damages amounting to $250 billion and claimed at least 225 lives. 
This hurricane season has already witnessed 13 storms forming across the Atlantic Ocean, with four hurricanes, including Helene and Beryl in July, hitting the US.
Why It Matters: As Milton advances eastward across the Gulf, it is expected to gain strength from the warm water and minimal adverse atmospheric conditions, according to Jack Beven, a senior hurricane specialist at the National Hurricane Center. However, it might weaken slightly due to dry air and wind shear as it approaches the shore.
Beven has urged residents along the Florida shoreline to prepare for &#8220;a powerful hurricane with life-threatening hazards&#8221; expected to affect parts of the Florida west coast around midweek.
Read Next:&nbsp;
<a href="https://www.benzinga.com/24/09/41082266/hurricane-helene-devastates-southeastern-u-s-slamming-infrastructure-and-leaving-millions-powerless" target="_blank" rel="noreferrer noopener">Hurricane Helene Devastates Southeastern U.S., Slamming Infrastructure And Leaving Millions Powerless</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

After Helene, Florida Gears Up For Another Devastating Hurricane

These ten large-cap stocks were the best performers in the last week, dominated mostly by USA-listed Chinese stocks, which benefited from additional stimulus measures aimed at boosting China&#8217;s economy.
<ol>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) stock upped 49.37% after additional stimulus measures aimed at boosting China&#8217;s economy <a href="https://www.benzinga.com//node/41130855" target="_blank" rel="noreferrer noopener">were&nbsp;announced over the weekend</a>.&nbsp;</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares jumped 29.01% on continued strength following recent stimulus measures and the <a href="https://www.benzinga.com//node/41188162" target="_blank" rel="noreferrer noopener">start of the National Day Golden Week</a>.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) shares increased 17.72%.</li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) stock rose 17.58% after some analysts raised <a href="https://www.benzinga.com//node/41176088" target="_blank" rel="noreferrer noopener">their price forecasts</a>.</li>
<li>Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) shares gained 14.05% last week after BMO Capital upgraded the stock from <a href="https://www.benzinga.com//node/41188653" target="_blank" rel="noreferrer noopener">Market Perform to Outperform</a> and raised its price target from $205 to $215.</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) shares rose 13.95%, thanks to China&#8217;s additional stimulus to boost consumption.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) stock escalated 13.60% after the company reported a year-over-year increase in <a href="https://www.benzinga.com//node/41109111" target="_blank" rel="noreferrer noopener">September and&nbsp;Q3&nbsp;delivery results</a>.</li>
<li>Ovintiv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OVV#NYSE">OVV</a>) stock grew 13.45%.</li>
<li>BeiGene Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) shares gained 12.65% last week. The upmove followed its announcement that the FDA Oncologic Drugs Advisory Committee recognized the favorable benefit-risk profile of PD-1 inhibitors, including TEVIMBRA.</li>
<li>ZTO Express Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) stock gained 11.90% last week.</li>
</ol>
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Emerging Markets

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BGNE

FANG

FUTU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

US Listed Chinese Stocks Dominate Another Week - Li Auto, JD.com Among Top 10 Large Cap Gainers Last Week (Sept 30-Oct 4): Are The Others In Your Portfolio?

Toyota, the world's largest automaker, has stepped back on its ambitious <a href="https://www.benzinga.com/startups/24/08/40597630/while-california-leads-in-evs-these-two-states-are-way-behind-with-the-fewest-per-100-000-people">electric vehicle (EV) </a>targets, trimming its 2026 production goals by a third. Originally aiming to roll out 1.5 million EVs by that year, the company has lowered the bar to one million units. According to Nikkei, this move is a response to the global EV market slowdown, a trend that's hit other major players too.
Volvo, Volkswagen and Ford have all recently scaled back their EV plans as sales in the electric vehicle sector soften. While still set to expand its EV lineup, Toyota is adjusting to the reality that growth won't be as fast as expected.&nbsp;
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Still, the automaker's EV production is slated to increase. For 2024, Toyota aims to sell 140,000 EVs, up from 100,000 this year. By 2025, that number is expected to rise to 400,000.
Toyota's flagship EV, the bZ4X, launched earlier this year, but it hasn't made a huge splash in the market. By the end of August, only 717 units had been sold, which seems small compared to Tesla's Model Y.&nbsp;
Tesla's popular model racked up 12,516 registrations in the first eight months of 2024, making it the country&#8217;s bestselling EV. This contrast highlights Toyota&#8217;s challenges as it tries to carve out a bigger market share.
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While it might seem like a setback, Toyota's efforts are far from over. The automaker has produced battery electric vehicles (BEVs) in China. Partnering with companies like BYD, FAW and GAC, Toyota has built models like the bZ3 sedan and the bZ3X crossover for the Chinese market.&nbsp;
These partnerships show that Toyota isn't putting all its eggs in one basket but is diversifying its EV strategy to meet varying global demands.
Toyota's luxury division, Lexus, has also entered the BEV market with models like the UX 300e city SUV and the RZ, which shares its platform with the bZ4X. In 2021, Toyota announced a bold plan to introduce 30 new EV models by the end of the decade. They even showcased 16 concept cars to signal their dedication.&nbsp;
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But a year later, the company began revising its plans, focusing on adopting more efficient production methods, similar to those used by <a href="https://www.benzinga.com/startups/24/09/40899899/tesla-switches-to-full-self-driving-supervised-for-new-cars-and-the-conspiracy-theories-are-already">Tesla</a>.
There's still some uncertainty surrounding how this recent production cut will affect Toyota's broader EV ambitions. The company hasn't laid out exactly how these changes might influence the rollout of future models.
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Startups

Toyota Slows Down EV Production Amid Industrywide Shift – Here's Why They're Changing Course

Grant Cardone isn't one to shy away from <a href="https://www.benzinga.com/real-estate/24/06/39160752/youre-not-wealthy-youre-worried-grant-cardone-says-millionaires-are-basically-middle-class-people">making bold statements</a>, especially when it comes to money. He feels $10 million is the new $1 million.&nbsp;
In a TikTok video titled "If You're A Millionaire You're Broke – Get To $10 Million To Be Considered Rich," Cardone breaks down his belief that having a million dollars in 2024 is barely enough to keep you afloat, much less make you rich.
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"If you have a million dollars and you want to buy a house, well then you're down to $200k," Cardone explains, highlighting just how quickly money can disappear when faced with life's big expenses. He takes it a step further, saying, "Your mom has cancer, you're out of $200k in 45 days. You're back to zero again." His point? A million dollars isn't what it used to be.
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Cardone even dives into some historical context, noting, "A million was a lot of money in 1960. If money deflated at the rate that it has in my 65 years, money is worth 10% of what it was then. So, if a millionaire was rich in 1960, you need $10 million in 2024 to be considered rich." According to him, if you're still using the idea of $1 million as a benchmark for wealth, you're behind the times.
His math is correct. According to inflation calculators, $1 million in 1960 is actually equivalent to $10,635,000.00 in 2024.&nbsp;
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Is $1 Million Still Enough?
In his book The Wealth Creation Formula, Grant Cardone states, "A million dollars isn't enough" and "$10 million is the new $1 million."
In a GoBankingRates interview, Cardone explains what life is like for someone who retires with $1 million. He says that if you stretch that money over 35 years of retirement, it equals about $28,571 per year or roughly $2,381 a month.&nbsp;
As Cardone told GoBankingRates, "The average rent in America is $2,000. You have $500 a month left over. You haven't eaten, you haven't gone out, you haven't bought one pair of shoes, you don't have health care, you don't have insurance and you definitely don't have a car payment. You have one car payment, you're negative $200 a month. So you're the millionaire that can't afford anything."
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Building Wealth Beyond $1 Million
So, what is Cardone's solution to this problem? Building passive income. In his eyes, the key to long-lasting wealth is finding ways to make money while you sleep. Whether investing in real estate or creating other income streams, he focuses on ensuring your money works for you – not the other way around.
He emphasizes creating enough passive income to match or exceed your earned income, ideally between <a href="https://www.benzinga.com/personal-finance/24/08/40166983/grant-cardone-says-earning-400-000-a-year-is-embarrassing-as-a-human-being-asks-how-do-you-make-">$400,000 and $500,000 </a>annually. That's a tall order for most people, but it's the kind of financial security Cardone says you need to live comfortably today.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a>
Criticism and Realities
Of course, not everyone agrees with Cardone. Plenty of people think $1 million is still a solid goal, with some surveys suggesting a net worth of around $2.2 million is <a href="https://www.benzinga.com/personal-finance/24/04/38384496/what-makes-you-feel-rich-heres-the-average-net-worth-of-people-who-consider-themselves-wealthy">enough to feel wealthy</a>. However, Cardone's point is that aiming for $1 million might leave you struggling to keep up in the long run.
Whether you agree with his $10 million target or not, <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">financial security</a> looks a lot different now than it did in 1960.
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Personal Finance

Grant Cardone Says 'You Need $10 Million To Be Considered Rich' – $1 Million in Retirement Won't Cut It If You Want To Afford Anything

In the face of conflicting state policies and an impending update to the U.S. Farm Bill, the Texas <a href="http://benzinga.com/topic/hemp">hemp</a> industry finds itself at a legal crossroads. <a href="https://www.benzinga.com/markets/cannabis/21/10/23562634/texas-judge-upholds-delta-8-thc-ban-new-hearing-expected-in-nov">A crucial lawsuit from 2021</a> is now before the state's highest court, challenging <a href="https://www.benzinga.com/markets/cannabis/21/10/23562634/texas-judge-upholds-delta-8-thc-ban-new-hearing-expected-in-nov">Texas&#8217; attempted ban on delta-8 THC</a>, the popular but controversial <a href="https://www.benzinga.com/markets/cannabis/24/01/36584043/real-weed-or-a-lab-high-delta-8-and-delta-9-thc-explained">hemp derivative</a>.
<h3 class="wp-block-heading">Hometown Hero Challenges Texas Hemp Ban Amid National Debate</h3>
The lawsuit, spearheaded by Hometown Hero and represented by Cynthia Cabrera, head of the Texas Hemp Business Council, argues against the ban&#8217;s sweeping language, which could implicate a wide array of cannabinoids under its prohibition. &#8220;The way that ban's language was written, it includes anything that could contain a trace of delta-8, which would be all cannabinoids,&#8221; Cabrera <a href="https://www.greenmarketreport.com/texas-hemp-sellers-rally-as-statewide-ban-case-heads-to-high-court/">explained</a> to Green Market Report.
This legal battle is set against a backdrop of an ongoing national dialogue on hemp regulations, with states like <a href="https://www.benzinga.com/markets/cannabis/24/09/41012794/gov-newsoms-hemp-ban-goes-into-effect-consequences-for-industry-investors-patients">California</a>, <a href="https://www.benzinga.com/markets/cannabis/24/07/39637557/delta-8-thc-hemp-regulation-moves-forward-in-nj-sparks-debate-between-alcohol-and-cannabis-indus">New Jersey</a> and <a href="https://www.benzinga.com/markets/cannabis/24/09/40888436/georgia-tightens-hemp-laws-new-restrictions-on-age-limits-edibles-store-locations-to-take-effect">Georgia</a> recently implementing their own restrictions. In Missouri, the state passed a total ban but <a href="https://www.benzinga.com/markets/cannabis/24/09/40945349/cannabis-companies-have-missouris-governor-beat-hemp-thc-products-sales-resume-as-stricter-contr">had to back down after facing a lawsuit</a> from the Missouri Hemp Trade Association.
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<h3 class="wp-block-heading">Hemp Industry&#8217;s Economic Impact</h3>
In Texas, however, the implications are particularly significant due to its burgeoning market and diverse industry interests ranging <a href="https://www.benzinga.com/markets/cannabis/24/04/38226058/is-gas-station-weed-on-its-way-out-u-s-cannabis-council-proposes-regulation-of-delta-8-texas-wan">from mainstream retailers to medical marijuana stakeholders</a>.
Despite the legal uncertainties, the economic impact of hemp in Texas is undeniable. Beau Whitney, an economist consulted by Green Market Report, highlighted the sector&#8217;s substantial contribution to state revenues, estimating the industry&#8217;s economic impact at $8 billion in 2022, with direct sales generating approximately $6 billion. &#8220;Contrary to some narratives, the hemp-derived market pays a lot of taxes; it's just not as heavily taxed as marijuana,&#8221; Whitney said.
<h3 class="wp-block-heading">Texas Hemp Industry Awaits Court Decision</h3>
The potential for legislative changes looms as the court&#8217;s decision is not expected until early 2025. In the interim, stakeholders are bracing for a multifaceted struggle over policy direction, with interests as varied as beer distributors and veterans who rely on cannabinoid products for health reasons vying for influence.
Cabrera also pointed to the oversized influence of a few players within the tightly regulated <a href="http://benzinga.com/topic/medical-cannabis">medical marijuana sector</a>, which she argues is unduly restrictive and unprofitable for many. &#8220;There's only three (medical marijuana) license holders in Texas, and one of them has 70% of the market,&#8221; she said, emphasizing the limited access for most patients and the broader implications for the market should the ban take effect.
For now, the Texas hemp industry remains in limbo, with stakeholders anxiously awaiting the court's decision. Cabrera fears that if the court rules unfavorably, Texans could be driven to unregulated markets, undermining public safety and industry stability.
<h3 class="wp-block-heading">Congress Debates Hemp Regulation Approaches</h3>
At the federal level, two bills currently aim to reshape hemp regulations. Senator Ron Wyden (D-OR) introduced the Cannabinoid Safety and Regulation Act to <a href="https://www.benzinga.com/markets/cannabis/24/09/41069354/synthetic-cannabinoids-could-be-federally-banned-under-new-senate-bill-to-regulate-hemp-derived-">set national standards and ban synthetically derived cannabinoids</a>. In contrast, Senator Rand Paul's (R-KY) HEMP Act <a href="https://www.benzinga.com/markets/cannabis/24/09/41071961/gop-senator-rand-paul-proposes-tripling-hemp-thc-cap-as-industry-faces-pressing-challenges">proposes increasing the THC limit in hemp from 0.3% to 1%</a>, aiming to ease restrictions for farmers and processors.
These competing bills highlight the divide in Congress over how to regulate the hemp industry.
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Cannabis

Government

Regulations

Texas Hemp Industry Fights Delta-8 THC Ban As Supreme Court Decision Looms

Warren Buffett has always been clear about how he wants to <a href="https://www.benzinga.com/personal-finance/24/04/38157185/warren-buffetts-son-says-he-had-no-clue-what-his-dad-did-for-work-and-thought-his-job-was-checki">handle his wealth with his kids</a>, famously saying he'd give them "enough so they can do anything but not enough so they can do nothing."&nbsp;
His son, Peter Buffett, really took that to heart. At 19, Peter made a bold move by <a href="https://www.benzinga.com/news/23/06/32932387/warren-buffetts-son-cashed-out-90k-in-berkshire-stock-to-buy-time-its-worth-300m-now-but-heres-why-h">cashing in his $90,000 inheritance – </a>Berkshire Hathaway stock – and using it to chase his dream of becoming a musician. While that stock would be worth hundreds of millions today, Peter has no regrets. For him, it <a href="https://www.benzinga.com/personal-finance/24/09/40881429/warren-buffetts-daughter-asked-him-for-a-41-000-loan-to-remodel-her-kitchen-but-the-billionaire-">wasn't about the money</a> but the time it bought him to explore his passion.
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In 2010, Peter and his wife Jennifer moved to Kingston, a small city in New York's Hudson Valley. From there, they began using their foundation, NoVo, to invest in the community. We're not talking pocket change either – NoVo's contributions rival Kingston's annual budget. One of the more interesting investments? The introduction of a local currency, known by some as "Buffett Bucks."
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Yes, you read that right – Buffett Bucks. As part of Peter's vision for sustainable, community-focused development, the NoVo Foundation has supported the creation of a local community currency. The idea is to keep money circulating within the city, supporting <a href="https://www.benzinga.com/real-estate/24/06/39333401/warren-buffett-paid-31-500-for-1921-home-despite-the-seller-asking-52-500-its-worth-1-4-million-but">local businesses and initiatives</a>. It's an unconventional move, but it's all part of Peter's broader mission to strengthen the area's economy in a way that builds resilience and keeps things local.
Of course, NoVo's influence stretches beyond currency. The foundation has invested millions in projects like the Hudson Valley Farm Hub, which they purchased for $13 million in 2014. The farm has become a cornerstone of local agriculture, growing grains, vegetables and dry beans on 1,500 acres. It's not just about food production; the farm is also a training ground for future farmers, focusing on organic and sustainable practices.
<hr class="wp-block-separator has-alpha-channel-opacity" />
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<hr class="wp-block-separator has-alpha-channel-opacity" />
But it's not all smooth sailing. Some Kingston locals have reportedly raised concerns about the foundation's decision-making process, particularly the lack of public input. Transparency becomes a big deal when so much of a town's economy is tied to one private organization. According to Tablet Mag, there are whispers of an unspoken rule: don't talk bad about NoVo if you want to keep getting funding.&nbsp;
Still, Peter isn't one to shy away from criticism. In response to some concerns, he's emphasized that NoVo isn't trying to claim all the answers. They're in it for the long haul, committed to finding solutions through dialogue and collaboration. It's all part of Peter's belief in using his resources not to control but to empower the community.
So, while Peter Buffett's journey might have started with that $90,000 inheritance, his real legacy seems to be his transformative work in Kingston. Whether it's creating a local currency or funding key community initiatives, Peter is using his "Buffett Bucks" to go far <a href="https://www.benzinga.com/personal-finance/24/03/37589669/warren-buffett-explains-the-stock-doesnt-know-you-own-it-stocks-cant-love-you-back-and-your-feel">beyond just spending money – </a>it's about building something sustainable, something real.
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Warren Buffett's Son Who Famously Cashed In His $90,000 Inheritance at 19 Spends Millions in 'Buffett Bucks' Transforming A Small New York Town

A recent study has found that dronabinol, a synthetic version of THC (the primary psychoactive component in cannabis), effectively reduces agitation in <a href="https://www.benzinga.com/markets/cannabis/24/06/39439989/exclusive-new-alzheimers-treatment-promising-cannabinoid-compound-shows-hope-inmed-ceo-says">Alzheimer's patients. </a>
Presented at the International Psychogeriatric Association conference in Buenos Aires, Argentina, the study reveals that dronabinol can decrease agitation symptoms by an average of 30%, offering a promising alternative to current treatments, Earth.com <a href="https://www.earth.com/news/synthetic-cannabis-reduces-agitation-in-alzheimers-patients/">reported.</a>
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<h3 class="wp-block-heading">Understanding Agitation In Alzheimer's</h3>
Alzheimer&#8217;s disease is the most prevalent neurodegenerative disorder in the United States, impacting around 6.7 million people aged 65 and older. Experts expect this number to rise to 13.8 million by 2060.
Among the challenging symptoms of Alzheimer's is agitation, which affects about 40% of patients. This can include excessive movements, verbal outbursts and physical aggression.
&#8220;Agitation is one of the most distressing symptoms of Alzheimer's dementia, and we are pleased to make positive strides forward in treatment of these patients,&#8221; said Dr. Paul Rosenberg, a professor at Johns Hopkins University and a co-principal investigator for the study.
<h3 class="wp-block-heading">Examining The Treatment</h3>
Current treatments for agitation often involve antipsychotics, which can lead to serious side effects like delirium and seizures. 
For this clinical trial, researchers recruited 75 patients experiencing severe agitation due to Alzheimer's from five different sites, including 35 patients admitted to Johns Hopkins Hospital between March 2017 and May 2024. To qualify for the study, participants had to exhibit significant symptoms of agitation for at least two weeks.
Researchers randomly assigned participants to receive either five milligrams of dronabinol in pill form or a placebo twice daily for three weeks.
After the treatment period, those taking dronabinol showed a notable reduction in agitation symptoms, with Pittsburgh Agitation Scale (PAS) scores dropping from an average of 9.68 to 7.26 — a 30% decrease. In contrast, the placebo group did not show any change.
<h3 class="wp-block-heading">Impact On Caregivers</h3>
Agitation not only affects patients but also puts immense pressure on caregivers, often resulting in emergency room visits and long-term care placements. 
Dr. Brent Forester, chairman of the Department of Psychiatry at Tufts Medical Center and a co-principal investigator on the study, explained. &#8220;It is the agitation, not the memory loss, that often drives individuals with dementia to the emergency department and long-term-care facilities.&#8221; He added that dronabinol could lower healthcare costs and improve the well-being of caregivers.
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Health Care

Markets

Cannabis-Based Dronabinol Could Transform Alzheimer's Care, New Study Finds

Family and money don't always mix well, as <a href="https://www.benzinga.com/personal-finance/24/09/41074143/couple-makes-11-500-a-month-but-only-has-3-000-saved-and-no-retirement-dave-ramsey-slams-asinine">Dave Ramsey</a> made clear when Philip from Washington, D.C., called in with a tough situation. Two years earlier, Philip's mother borrowed $7,000 from him – half of his savings – to invest in Bitcoin. Fast forward to 2020 and the investment didn't pay off as expected. That's when Philip decided to call Ramsey for advice.&nbsp;
During the call, Philip explained he needs the money to pay for college tuition, but his mother refuses to pay him back, convinced Bitcoin will still make them millionaires.
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Ramsey didn't hesitate to give his opinion. "No, she's wrong and she's wrong and she's wrong," he said. The fact that a parent would borrow money from their child for a risky investment like Bitcoin left him shaking his head. "If you're that big a loser, you don't need to be investing," Ramsey added, emphasizing that it's irresponsible to gamble with someone else's savings, especially when it's your kid's.
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Poor Decisions All Around
Philip explained that his mom still wouldn't return the money because she believed Bitcoin would make them rich. Ramsey's response was firm: "When you borrow money from your child and they ask for it back because they're in college, you give them the money back. You don't be a loser."
Ramsey was also clear about Bitcoin's potential: "You're not going to be a <a href="https://www.benzinga.com/personal-finance/24/08/40318568/mark-cuban-says-to-get-rich-invest-10-of-savings-in-high-risk-investments-but-if-its-bitcoin-thr">millionaire in Bitcoin</a>; you're going to be $7,000 poorer." He pointed out that relying on Bitcoin to get rich was a bad bet.
Trending: 1 in 4 Americans own a share of Bitcoin according to NASDAQ,<a href="https://www.benzinga.com/money/nasdaq-1in4-adv"> how many people got started through this free crypto faucet?</a>
Focus on What Matters: Education
As a college sophomore, Philip was now short on tuition money. Ramsey stressed that Philip's education, especially with his economics major and computer science minor, would <a href="https://www.benzinga.com/personal-finance/24/09/40759485/harris-push-for-free-college-vs-trumps-focus-on-workforce-training-which-is-right-for-america">lead to far better opportunities</a> than a Bitcoin gamble ever could.&nbsp;
Ramsey's View on Bitcoin
Ramsey didn't hold back on Bitcoin, comparing it to gambling and letting him know you'd have a better chance of becoming a millionaire in Vegas. He explained that Bitcoin lacks the trust that <a href="https://www.benzinga.com/personal-finance/24/09/40711869/how-rich-are-you-heres-the-net-worth-that-defines-upper-middle-and-lower-class">more stable currencies</a> have and until that changes, it remains a risky, unpredictable investment.
While many people have certainly profited from Bitcoin investments, Ramsey's stance was crystal clear – he's not a fan.
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The Value of Bitcoin Today
Ironically, Bitcoin&#8217;s value has risen since the call in January 2020. Back then, $7,000 in Bitcoin would have been worth about $11,500 in October 2020. By 2024, that $7,000 investment would be worth roughly $37,007. While that's a notable increase, it still wouldn't have made Philip's mother a millionaire, as she had hoped.
Bitcoin may not be for Ramsey, but it continues to attract significant investor interest, with record levels of potential investors. The Motley Fool Ascent&#8217;s 2024 Cryptocurrency Investor Trends Survey shows 43% of respondents are likely to invest in cryptocurrency within the next year.
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The Bottom Line For Philip: Get Your Money Back
Ramsey wrapped up the conversation by encouraging Philip to calmly but firmly ask for his money back. He encouraged her to let him know he wanted his money back immediately. "This is wrong," Ramsey advised. He suggested that Philip explain to his mother that, regardless of their disagreement on Bitcoin, it was still his money and that he needed it for school.
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Mom Borrows $7,000 From Her Son To Buy Bitcoin, Dave Ramsey Says Demand The Money Back: 'This is Wrong … You're Not Going to Be a Millionaire'

Former President Donald Trump returned to Butler, Pa., on Saturday, the site of the July assassination attempt against him. He rallied with supporters and paid <a href="https://www.benzinga.com/news/24/07/39763322/republicans-say-trump-rally-shooting-is-a-game-changer-for-former-president-he-just-won-the-election">tribute to a victim of the incident</a>.
What Happened: Trump made his way back to the location where a shooting took place during a rally in July. The former president, who was wounded in the attack, was accompanied by several notable figures, including Elon Musk.
The rally was organized in honor of Corey Comperatore, a supporter who tragically lost his life in the July shooting. Trump acknowledged Comperatore and other victims of the shooting, leading a moment of silence exactly 12 weeks after the shooting commenced.
"Tonight, I return to Butler in the aftermath of tragedy and heartache to deliver a simple message to the people of Pennsylvania and the people of America: Our movement to Make America Great Again stands stronger, prouder, more united, more determined, and nearer to victory than ever before," The Hill quoted Trump <a href="https://thehill.com/homenews/campaign/4918014-trump-rally-assassination-attempt/">saying </a>at the rally.
"If we win Pennsylvania, we will win the whole thing. The whole thing will be won," Trump added.
Musk shared the stage with Trump, endorsing the former president and expressing criticism towards Democrats.
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"The true test of someone's character is how they behave under fire. We had one president who couldn't climb a flight of stairs and another who was fist pumping after getting shot," Musk said during the rally. 
Trump&#8217;s reappearance in Butler attracted a large audience, matching the size of his earlier rallies. The former president highlighted the significance of Pennsylvania in the forthcoming election and encouraged his supporters to cast their votes.
The rally takes place amidst polls indicating a close contest between Trump and Vice President Harris in crucial swing states, with Election Day less than a month away.
Why It Matters: The return of Trump to the site of the assassination attempt signifies his resilience and determination. His endorsement by Elon Musk, a prominent figure in the tech industry, could potentially sway voters. 
The rally&#8217;s large turnout indicates a strong base of support for Trump, which could be pivotal in the upcoming election. The emphasis on Pennsylvania, a key battleground state, underscores the state&#8217;s importance in determining the election outcome. 
With the race between Trump and Harris tightening, every vote and every rally could make a significant difference.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Trump Returns To Site Of Assassination Attempt, Urges Voters To Vote: 'Our Movement To Make America Great Again Stands Stronger'

A recent survey by Xero has uncovered a significant opportunity for financial advisors to expand their client base among <a href="https://www.benzinga.com/topic/small-businesses">small business owners. </a>
The study reveals a stark contrast between entrepreneurs&#8217; perceived financial acumen and the fiscal challenges they face in reality.
While 55% of small business owners rate themselves high on financial literacy, half have encountered fiscal challenges due to knowledge gaps. More concerning, 15% report they haven&#8217;t recovered from these setbacks. This disconnect between confidence and competence in financial matters presents a clear opening for advisors to offer their expertise.
Key areas where business owners struggle include:
<ul>
<li>Tax optimization (18%)</li>
<li>Budgeting (16%)</li>
<li>Understanding financial metrics (16%)</li>
<li>Cash flow management (16%)</li>
</ul>
These pain points align perfectly with the skill set of financial advisors, positioning them to provide targeted solutions.
The survey also uncovered generational differences in business formation, with 67% of Gen Z respondents starting businesses as side hustles compared to 48% of Boomers. This trend towards entrepreneurship from side gigs creates a new demographic of potential clients who may need guidance in transitioning to full-time business ownership.
Financial advisors can capitalize on the fact that 61% of respondents used personal savings to start their businesses. This presents an opportunity to offer services that balance personal and business financial planning.
Moreover, only 38% of small businesses have an emergency fund, and 13% lack any plan for unexpected costs. Advisors can leverage this data to emphasize the importance of financial planning and risk management.
Perhaps most critically, only 16% of business owners currently use an accountant or advisor. This low utilization rate suggests a vast untapped market for financial professionals.
By highlighting their expertise in areas where business owners struggle and emphasizing the value of professional financial guidance, advisors can position themselves as essential partners in small business success.
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Photo: Shutterstock

Financial Advisors

Financial Literacy Gaps Leave Small Businesses Ripe For Advisor Expertise

Restaurant giant McDonald's Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NASDAQ">MCD</a>) caused high hopes for Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fans that the company could be partnering with the electric vehicle giant <a href="https://www.benzinga.com/news/24/09/40808924/tesla-robotaxi-event-to-be-held-in-los-angeles-on-1010-says-senior-company-exec-existing-shareholder">for Robotaxi Day</a>.
Instead, the rumors and internet clues appear to be just a timing coincidence, but is more coming?
What Happened: The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41106025/tesla-analyst-sets-the-stage-for-game-changing-robotaxi-event-anticipates-seminal-a">delayed Robotaxi Day </a>is set for Oct. 10, a date engraved in the mind of Tesla fans and investors for some time now.
When McDonald's <a href="https://x.com/McDonalds/status/1841479384479240506">tweeted </a>out a picture of a delivery order that said "chat's about to pop off 10.10" that got an emoji <a href="https://x.com/elonmusk/status/1841541359032832127">reaction </a>from Tesla CEO Elon Musk, fans started playing connect the dots.
Internet speculation almost immediately went to McDonald's being a potential partner of Tesla for the upcoming Robotaxi vehicle.
The rumors have subsided with McDonald's announcing yesterday that it was launching a new chicken sandwich that it teased as "not not a big mac" earlier this week on the delivery order.
McDonald's <a href="https://corporate.mcdonalds.com/corpmcd/our-stories/article/chicken-big-mac.html">announced </a>that the Chicken Big Mac will drop at participating U.S. restaurants on Oct. 10, calling it a limited time offer.
"With the introduction of the Chicken Big Mac, we're excited to pay homage to one of our most iconic menu items, the Big Mac, and introduce it to a whole new generation of fans," McDonald's USA Chief Marketing and Customer Experience Officer Tariq Hassan said.
The Big Mac was introduced in 1968 and has been a staple item on the McDonald's menu.
McDonald's has partnered with well-known content creator Kai Cenat on the new sandwich launch with Cenat and friends livestreaming a taste test of the new menu item coming.
Given this could be one of the biggest menu item launches for McDonald's in some time, there is now a possibility that the restaurant chain steals some of Tesla's thunder on Oct. 10.
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Why It's Important: While any partnership between McDonalds and Tesla is likely an unfound rumor, the interaction with the company's posts on social media platform X by Musk and X CEO Linda Yaccarino.
"6 days until I know what I am having for lunch," Yaccarino <a href="https://x.com/lindayaX/status/1842172520763425046">tweeted </a>with a chicken emoji and burger emoji.
Also helping the rumors grow was the recent follow of McDonald's Senior Marketing Director Guillaume Huin by Musk.
Huin <a href="https://x.com/HuinGuillaume/status/1841855510833987690">tweeted </a>that the new chicken sandwich announcement date was coincidental but a post might spark speculation once again.
"And no, it was not related to the robotaxi but maybe you'll be able to take the robotaxi to your nearest McDonald's drive-thru on 10.10," Huin tweeted while tagging and telling people to ask @battleangelviv, who is listed as working on social media for X and Tesla.
This isn't the first time Musk has been connected to the restaurant giant. The billionaire previously said that he would <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37470735/if-you-invested-100-in-dogecoin-when-elon-musk-offered-to-eat-a-happy-meal-on-tv-heres-how">eat a Happy Meal </a>live on television if McDonald's began accepting Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) as a form of payment.
Musk<a href="https://www.benzinga.com/markets/cryptocurrency/22/01/25206297/elon-musk-says-hell-eat-a-happy-meal-on-tv-if-mcdonalds-accepts-dogecoin-is-there-somethin" target="_blank" rel="noreferrer noopener">&nbsp;offered a challenge&nbsp;</a>to McDonald&#8217;s in January 2022 to help push the restaurant company to accept Dogecoin as a payment option.
The&nbsp;<a href="https://twitter.com/elonmusk/status/1485953263040188416" target="_blank" rel="noreferrer noopener">tweet&nbsp;</a>from Musk came as speculation grew that McDonald&#8217;s was planning to accept Dogecoin, which turned out to be untrue.
Musk&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/01/30597875/elon-musk-still-open-to-eating-happy-meal-on-tv-if-mcdonalds-accepts-dogecoin" target="_blank" rel="noreferrer noopener">confirmed again in 2023</a>&nbsp;that he was still open to the challenge if McDonald&#8217;s did their part.
MCD Price Action: McDonald's shares trade at $303.76 versus a 52-week trading range of $243.53 to $306.96. McDonald's stock is up 2% year-to-date in 2024. &nbsp;
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Restaurants

$DOGE

Elon Musk Vs. McDonald's: Tesla Fans Wanted Collaboration, Instead They Get New Product Launch Competing With Robotaxi Day

Scott, a longtime worker in the auto industry, recently wrote into <a href="https://www.benzinga.com/personal-finance/24/09/40669326/31-year-old-inherits-10m-from-parent-he-never-knew-ramsey-show-hosts-offer-critical-advice-on-wh">The Ramsey Show</a> with a tough question: Is it hypocritical to work in an industry that often puts people in debt while working hard to get out of debt himself?&nbsp;
After six years in the field – starting as a mechanic, then service advisorand now a sales consultant – Scott felt conflicted after reading George Kamel's book Breaking Free from Broke. While Scott makes about $150,000 a year and takes pride in educating his customers, he couldn't shake the guilt of working in an industry tied to car loans.
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He wondered if his role was making people&#8217;s finances worse, even though he tried to steer them toward responsible decisions.
In response, George Kamel and co-host Dr. John Delony provided thoughtful insights. Kamel addressed Scott's concerns directly, stating, "Truthfully, here&#8217;s my take … I feel like we need Scott in the <a href="https://www.benzinga.com/news/global/24/07/39851031/auto-industry-pulls-back-on-evs-as-consumers-hesitate-over-high-price-inconvenience">car industry</a>. We need people with integrity who are leading people to the right decision who aren&#8217;t scumburgers. And it&#8217;s easy to generalize an entire industry as this gross industry, but I think what Scott&#8217;s doing here is noble, it&#8217;s moral, there&#8217;s no issues with it."
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Kamel emphasized that Scott's role is not to push financing or upsell customers into vehicles they can't afford. Instead, Scott is there to help people find a car within their budget. He said there's nothing wrong with working as a salesperson if you sincerely try to help your customers.&nbsp;
Dr. Delony took a broader perspective, encouraging Scott to reflect on his values. "You always have to go back and ask yourself, what&#8217;s your integrity worth? And that&#8217;s a scary hard question,&#8221; Delony said.&nbsp;
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He pointed out that while Scott's concerns were valid, it's important to understand that salespeople like him are in a position to help change the industry&#8217;s culture. By being honest and transparent, Scott can steer people from <a href="https://www.benzinga.com/personal-finance/24/08/40430034/you-look-at-what-you-had-not-what-you-have-and-other-investor-mistakes-that-suze-orman-says-you-">financial mistakes</a> and toward smarter decisions.
Delony also shared a personal story about a mentor who helped him understand that staying in a challenging situation can sometimes be more impactful than leaving. He said, "What if you became a voice of reason, a voice of a new perspective over timeand you continue to show up … I think that&#8217;s how the world changes. If everybody heads for the exits when it gets hard and scary and uncomfortable, nothing changes."
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The hosts clarified that Scott's role as a car salesperson wasn't inherently harmful. Instead, his approach – leading customers to affordable cars – was positive. They reassured him that it's possible to stay in the industry and help people avoid debt, rather than contribute to it.
Kamel summed it up by saying, "If you can be a change agent here, Scott and stay in it and make peace with it and not let it eat away at your soul, do it and keep helping people. But if you can&#8217;t, like John&#8217;s saying, then you gotta make the move out of here."
For those facing similar questions about their career and values, Scott's story reminds them that it's important to consider your financial and personal goals. If you find yourself at a financial crossroads, it may be worth seeking the advice of a <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> to help you make the best decision for your future.
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Caller Feels Guilty About Working In A Debt Selling Industry – Ramsey Show Hosts Say 'We Need People Like You In The Industry'

The week was abuzz with tech news, from Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell GPU setting new AI benchmarks to Elon Musk&#8217;s controversial comments on OpenAI. Here&#8217;s a quick recap of the top stories.
Nvidia&#8217;s Blackwell GPU Sets New AI Benchmark
JPMorgan analyst Harlan Sur expressed optimism about Nvidia&#8217;s upcoming Blackwell GPU platform, predicting a strong fiscal fourth quarter for the company. The new platform has reportedly overcome early product yield issues and is set for significant shipment volumes.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">Read the full article here.</a>
Musk Accuses OpenAI of Unfair Funding Practices
Tesla and SpaceX CEO Elon Musk criticized OpenAI for allegedly discouraging investors from supporting rival startups, including xAI. This comes after OpenAI announced its latest fundraising round at a whopping $150 billion valuation.
<a href="https://www.benzinga.com/news/24/10/41156902/elon-musk-says-openai-is-evil-after-chatgpt-parent-reportedly-asked-investors-not-to-invest-in-rival">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s AI Leadership To Drive $1 Trillion Market Growth, With Accenture Partnership Accelerating Adoption</a>
Tesla Prepares for &#8216;Game Changing&#8217; Robotaxi Event
Wedbush analyst Dan Ives anticipates a &#8220;seminal and historical day&#8221; for Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and its CEO Elon Musk as the company gears up for its highly anticipated robotaxi event. The event is expected to unveil new, groundbreaking technology.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41106025/tesla-analyst-sets-the-stage-for-game-changing-robotaxi-event-anticipates-seminal-a">Read the full article here.</a>
Nvidia CEO Comments on Blackwell GPU Demand
Jensen Huang, CEO of Nvidia, described the demand for the company&#8217;s next-gen Blackwell GPU platform as &#8220;insane&#8221; during a CNBC interview. The platform, introduced in March, is in full production and progressing as planned.
<a href="https://www.benzinga.com/news/24/10/41156900/nvidia-ceo-jensen-huang-says-demand-for-next-gen-blackwell-gpu-platform-insane-everyone-wants-to-hav">Read the full article here.</a>
OpenAI&#8217;s SearchGPT Challenges Google&#8217;s Dominance
OpenAI&#8217;s SearchGPT is poised to disrupt Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)) Google&#8217;s stronghold in the search market. Former Google engineer Arvind Jain noted that Google&#8217;s focus on profitability has led to a deteriorating user experience, opening the door for new competitors.
<a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat">Read the full article here.</a>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

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