Happy Belly Food Group Inc Ordinary Shares Stock (OTC: VGANF)

Latest news for Happy Belly Food Group Inc Ordinary Shares (OTC:VGANF) Stock

Happy Belly Food Group Inc Ordinary Shares

Pennsylvania governor Josh Shapiro&nbsp;has called on regulators to accelerate the integration of the Three Mile Island nuclear reactor into the power grid. This move would allow&nbsp;Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to <a href="https://www.benzinga.com/markets/equities/24/09/40957437/microsoft-taps-constellation-for-20-year-carbon-free-power-3-400-jobs-coming-to-pennsylvania">tap into its power by 2028</a>.
What Happened: Following Microsoft&#8217;s decision&nbsp;to buy power from the&nbsp;currently dormant&nbsp;Three Mile Island nuclear plant, Shapiro wrote a letter to regulators Friday, advocating for the reactor to bypass the growing queue for grid connection.
In a letter addressed to the heads of&nbsp;PJM Interconnection, the grid operator serving&nbsp;Pennsylvania and several other states, Shapiro said that the reactor should be allowed to come online quickly, rather than being treated as a new development.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40970948/elon-musk-and-nvidia-ceo-share-vision-of-ai-powered-personal-assistants-linkedin-under-scrutiny-and?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk And Nvidia CEO Share Vision Of AI-Powered Personal Assistants, LinkedIn Under Scrutiny And More: This Week In AI</a>
He said PJM halted the acceptance of new energy source applications in 2021 and will not resume accepting them until February 2026.
&#8220;Even when the queue reopens, it will be several more years before the energy can actually from those projects and into our communities,&#8221; he stated in the letter.
In response, PJM said it is working on a &#8220;fast track&#8221; system to prioritize certain electricity projects, <a href="https://www.barrons.com/articles/microsoft-stock-nuclear-power-6c764e54">reported</a> Barron&#8217;s. The grid, facing significant new electricity demands due to data centers, electric vehicles, and new factories,&nbsp;could reach its limit of reliable power by 2030.
Why It Matters: The Three Mile Island reactor (Unit 1), owned by&nbsp;Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>),&nbsp;was <a href="https://www.benzinga.com/pressreleases/24/09/b40954951/constellation-to-launch-crane-clean-energy-center-restoring-jobs-and-carbon-free-power-to-the-grid">shut down in 2019</a>&nbsp;for financial reasons.
Unit 1 is located adjacent to TMI Unit 2, which has been inactive since 1979 and is currently being decommissioned by Energy Solutions. The unit suffered a partial meltdown on March 28 of that year. It was the most serious accident in the U.S. commercial nuclear operating history, according to the United States Nuclear Regulatory Commission. Unit 1 operates independently and was not impacted by the accident.
Former Pennsylvania governor Dick Thornburgh later said that about 140,000 people evacuated the area surrounding the Three Mile Island nuclear power plant within days of the accident. 
Now, with the 20-year power purchase agreement with Constellation Energy, Microsoft plans to source energy from the revived plant to align its PJM data centers' power use with carbon-free energy, supporting its sustainability goals.
Following the announcement of the deal, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40987749/constellation-energys-microsoft-deal-sparks-long-term-growth-analysts-raise-price-f">Constellation Energy&#8217;s shares saw</a> a significant increase, and several analysts raised the price target on the stock.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a></li>
</ul>
Disclaimer: 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

Tech

MSFT

Pennsylvania Governor Josh Shapiro Urges Quick Connect For Microsoft's Nuclear Power Plan Involving Three Mile Island

California filed a lawsuit against ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) on Monday, accusing the oil giant of misleading the public about the recyclability of plastics.
What Happened: The lawsuit, filed in San Francisco County Superior Court, alleges that ExxonMobil engaged in a &#8220;decades-long campaign of deception&#8221; regarding plastic recycling. California Attorney General Rob Bonta stated that ExxonMobil falsely promoted all plastics as recyclable, contributing to global plastic pollution, <a href="https://www.washingtonpost.com/climate-solutions/2024/09/23/california-sues-exxonmobil-plastics-recycling/">reported</a> The Washington Post.
"For decades, ExxonMobil has been deceiving the public to convince us that plastic recycling could solve the plastic waste and pollution crisis when they clearly knew this wasn't possible," Bonta said in a statement. 
The legal action seeks unspecified damages and marks the first attempt by a U.S. government official to hold an oil and gas company accountable for misleading claims about plastics. Bonta&#8217;s office launched an investigation in April 2022, issuing a subpoena to ExxonMobil as part of the probe.
The 147-page complaint alleges that ExxonMobil&#8217;s efforts to push plastic recycling violate state laws on water pollution, unfair competition, and false advertising. The lawsuit also claims that ExxonMobil&#8217;s &#8220;advanced recycling&#8221; program is misleading, with over 90% of plastic waste processed becoming fuel instead of recycled plastic.
The legal action is part of a broader effort to address plastic pollution. On Sunday, Gov. Gavin Newsom signed legislation banning plastic shopping bags in California by 2026. Environmental advocates have praised the lawsuit, calling it a significant step against the plastics industry.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40973189/teslas-chinese-rival-byd-plans-to-assemble-evs-in-pakistan-after-india-said-no-we-have-big-ambit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: &#8216;We Have Big Ambitions&#8217;</a>
Why It Matters: ExxonMobil&#8217;s recent activities highlight its efforts to pivot towards more sustainable practices. 
On Sept. 13, ExxonMobil announced a partnership with Mitsubishi Corporation for a low-carbon hydrogen project at its Baytown, Texas facility. The project aims to produce low-carbon hydrogen and ammonia by <a href="https://www.benzinga.com/markets/equities/24/09/40851190/exxon-mitsubishi-join-forces-for-low-carbon-hydrogen-project">capturing 98% of CO2 emissions</a>. 
Price Action: Exxon Mobil Corp stock closed at $117.36 on Monday, up 1.81%, for the day. In after-hours trading, the stock dipped 0.10%. Year to date, Exxon Mobil&#8217;s stock has seen a significant increase of 14.65%, according to <a href="https://www.benzinga.com/pro/login">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/24/09/40990914/oil-falls-energy-stocks-flat-as-fears-of-demand-drop-off-eclipse-israel-hezbollah-conflict-escal">Oil Falls, Energy Stocks Flat As Fears Of Demand Drop Eclipse Israel-Hezbollah Conflict Escalation</a></li>
</ul>
Image Via 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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Legal

Global

Markets

ExxonMobil Gets Slammed By California Attorney General On Plastic Recycling As A Solution To Waste And Pollution: 'They Clearly Knew This Wasn't Possible'

On Monday, Cathie Wood-led Ark Invest made some significant trades. Notably, the firm bought shares of PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) and Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), while selling its stake in ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>).
The PayPal Trade
Ark Invest&#8217;s Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) added 57,824 shares of PayPal, valued at approximately $4.5 million based on the closing price of $77.67. This move comes in the wake of <a href="https://www.benzinga.com/insights/analyst-ratings/24/09/40929087/key-takeaways-from-paypal-holdings-analyst-ratings">analysts expressing diverse opinions</a> about the company, with an average 12-month price target of $78.62.
PayPal has recently made a <a href="https://www.benzinga.com/fintech/24/09/40731875/paypal-ventures-into-in-person-payments-with-apple-pay-integration-and-cashback-rewards">strategic shift</a> to penetrate the U.S. point-of-sale (POS) payments market. The company is integrating its debit card with Apple Inc.&#8217;s mobile wallet and offering different cashback rewards.
The Pinterest Trade
Ark Invest&#8217;s Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) purchased 115,211 shares of Pinterest, amounting to approximately $3.51 million based on the closing price of $30.46. Pinterest reported solid <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40075181/pinterest-shares-plunge-despite-upbeat-q2-results-6-analysts-on-guidance-future-gro">second-quarter results</a> at the end of July, with revenue slightly surpassing expectations. However, third-quarter guidance came in below analyst projections, raising concerns about sustained growth for the rest of 2024.
The Bitcoin ETF Trade
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40946963/bitcoin-worth-63-000-pulled-in-33-pack-of-trading-cards-at-gamestop-mind-boggling-story-go?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Worth $63,000 Pulled In $33 Pack Of Trading Cards At GameStop: &#8216;Mind-Boggling&#8217; Story Goes Viral, Highlights Crypto Redemption Card</a>
ARKW sold 44,609 shares of ARK 21Shares Bitcoin ETF, valued at approximately $2.82 million based on the closing price of $63.25. This sale occurred on the same day that Bitcoin hit a new high of $63,500, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40976413/bitcoin-etf-surge-in-pre-market-as-king-crypto-hits-63-500">causing a significant surge</a> in pre-market activity for several Bitcoin ETFs.
On Monday, Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40994451/bitcoin-ethereum-dogecoin-pull-back-from-sundays-advances-analyst-says-eths-dips-below-2-3">steadily declined</a> below $63,000 after a spike to $64,600, following positive comments about cryptocurrency from Democratic presidential candidate Kamala Harris. Total cryptocurrency liquidations surpassed $124 million in the past 24 hours, with bearish bets at $67 million, while Bitcoin&#8217;s funding rate remained positive, reflecting bullish trader dominance.
Other Key Trades: 
<ul>
<li>ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) sold 7,747 shares of Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) in a transaction valued at $293,998, based on Monday&#8217;s closing price of $37.95 per share.</li>
<li>ARKF sold shares of Adyen NV (ADYEN). ARKG also sold shares of Vertex Pharmaceuticals Inc (VRTX) and bought shares of Pacific Biosciences of California Inc (PACB). </li>
<li>ARKK sold shares of Roku Inc (ROKU) and ARKQ bought shares of 3D Systems Corp (DDD).</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40968244/trumps-new-crypto-ventures-legal-counsel-accused-of-attempting-to-seize-control-of-rival-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s New Crypto Venture&#8217;s Legal Counsel Accused Of Attempting To Seize Control Of Rival Firm</a></li>
</ul>
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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

$BTC

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

ARKF

ARKK

ARKW

PINS

PLTR

PYPL

Cathie Wood's Ark Invest Buys $4.5M Of PayPal And $3.5M Of Pinterest Shares, Sells Own Bitcoin ETF Amid Crypto Surge, And Continues Offloading Palantir

Leading cryptocurrencies reversed course on Monday, giving up gains achieved the previous day.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:20 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.55%</td>
<td>$62,826.40</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.05%</td>
<td>$2,618.46</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.39%</td>
<td>$0.1072</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin made a steady descent below $63,000, a day after spiking to $64,600 on <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in">pro-cryptocurrency comments</a> by Democratic presidential candidate Kamala Harris.
Ethereum also started going downhill after the market close, settling around the low $2,600 region.
Interestingly, a sharp disparity emerged between the two top currencies&#8217; weekly performance and their year-to-date returns. Ethereum, being a laggard in comparison to Bitcoin this year, outperformed King Crypto over the week. 
This potentially signaled a capital rotation away from the leading currency to other coins, following the Federal Reserve&#8217;s aggressive 50 basis point rate cut.
Total cryptocurrency liquidations exceeded $124 million in the last 24 hours, with bearish bets accounting for $67 million.
Bitcoin's funding rate on major cryptocurrency exchanges like Binance continued to be positive, indicating the dominance of bullish traders. The Open Interest in Bitcoin futures fell marginally by 0.25% in the last 24 hours.
The market sentiment remained "Neutral," according to the popular Cryptocurrency Fear &amp; Greed Index, signaling a balance between market forces.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:20 p.m. EDT)</td>
</tr>
<tr>
<td>Celestia (TIA)</td>
<td>+21.46%</td>
<td>$6.56</td>
</tr>
<tr>
<td>Arweave (AR)</td>
<td>+16.16%</td>
<td>$22.95</td>
</tr>
<tr>
<td>NEAR Protocol (NEAR)</td>
<td>+14.02%</td>
<td>$5.16</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market stood at $2.22 trillion, following a marginal contraction of 0.05% in the last 24 hours.
Stocks climbed to fresh highs Monday. The Dow Jones Industrial Average lifted 61.29 points, or 0.15%, to close at 42,124.65, while the broad-based index&nbsp; S&amp;P 500 inched 0.28% higher to end at 5,718.57, both clocking record numbers. The tech-focused Nasdaq Composite gained 0.14% to close at 17,974.27.
Investors <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40983043/us-services-growth-tops-estimate-contraction-in-manufacturing-worsens-reacceleratio">weighed the weak manufacturing sector data</a>, which showed output levels hitting their lowest since December 2023.
Market participants would be on the lookout for more such macroeconomic data, including the weekly jobless claims, expected to be released Thursday, to assess the Federal Reserve's goal of soft landing.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst Rekt Capital stated that Bitcoin has historically broken out of its reaccumulation range between 154 and 161 days after halving.
"It is 157 days after the halving now. History suggests it is &#8220;Breakout Time&#8221; for Bitcoin," the analyst remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Historically, Bitcoin has broken out from its ReAccumulation Range 154-161 days after the Halving It is 157 days after the Halving now History suggests it is &quot;Breakout Time&quot; for Bitcoin<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/Ydqlu4JKSf">https://t.co/Ydqlu4JKSf</a> <a href="https://t.co/CwRvUYnHW0">pic.twitter.com/CwRvUYnHW0</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1838269432960843880?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely-followed analyst going by the pseudonym Wolf said that Ethereum's dips below $2,300 were "prime buying zones" and now he expects a strong upside in the days ahead. 
<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">As I've been pointing out, dips below $2300 were prime buying zones. <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> bulls have woken up, and I'm expecting a strong push in the coming days. <a href="https://t.co/xamycfDzqj">pic.twitter.com/xamycfDzqj</a>
&mdash; Wolf &#x1f43a; (@IamCryptoWolf) <a href="https://twitter.com/IamCryptoWolf/status/1838167928560054559?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
 While the analyst expects Ethereum bulls to give the second-largest cryptocurrency a &#8220;strong push&#8221; in the coming days, here is a look at how the two cryptocurrencies have performed since the year started and over the last seven days.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>7-Day Gains +/-</td>
<td>YTD Gains +/-</td>
</tr>
<tr>
<td>Bitcoin </td>
<td>+8.54%</td>
<td>+49.29%</td>
</tr>
<tr>
<td>Ethereum</td>
<td>+14.57%</td>
<td>+14.82%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">Trump Vs. Harris: 2024 Election Betting Odds Show Vice President Maintains Lead As Race Nears One-Month Mark</a></li>
</ul>

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

Cryptocurrency

Movers

Trading Ideas

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Pull Back From Sunday's Advances: Analyst Says ETH's Dips Below $2.3K Were 'Prime Buying Zones'

Ahead of the 2024 presidential election, former Treasury Secretary Lawrence Summers has raised concerns about the economic policies proposed by Donald Trump, warning they could <a href="https://www.benzinga.com/news/24/09/40994134/who-funded-melania-trumps-six-figure-lgbt-speaking-engagement-the-source-remains-shrouded-in-mystery">destabilize long-term inflation expectations</a>.
What Happened: Summers, a notable economist and former Treasury Secretary under 44th U.S. President Barack Obama, criticized Trumponomics in a post on X on Monday. According to Summers, the economic policies proposed by Trump could destabilize long-term inflation expectations.
Summers expressed concerns that political interference with the central bank might lead to higher wages and prices. He stated, &#8220;Long term inflation expectations are anchored by the judgment that a politically independent central bank will impose restrictive policy if inflation becomes excessive.&#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">Trumponomics: the radical plan that would reshape America's economy. "Long term inflation expectations are anchored by the judgment that a politically independent central bank will impose restrictive policy if inflation becomes excessive. If that expectation is allowed to…
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1838231280195879362?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Summers cited an article by the Financial Times discussing Trumponomics and its potential impact on the economy. The article highlighted that Trump&#8217;s proposed tariffs could damage the economy and increase global tensions.
Summers also criticized Trump&#8217;s plan to cap credit card interest rates, calling it a &#8220;far more egregious price control than anything Democrats have suggested.&#8221; He added that such measures could constrain credit costs significantly away from market levels.
<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">A cap on credit card interest rates is a far more egregious price control than anything Democrats have suggested. I am not enthusiastic, to put it mildly, about Democratic anti-gouging ideas but none hold prices more than a few percent away from market levels. The Trump plan…
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1838179706098593958?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40945083/fda-approved-cannabis-based-drug-shows-promising-results-as-a-treatment-for-war-veterans-study-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Oil Falls, Energy Stocks Flat As Fears Of Demand Drop Eclipse Israel-Hezbollah Conflict Escalation</a>
Why It Matters: The economic policies proposed by Trump have been a focal point of debate, especially as the 2024 presidential election approaches. 
Recent surveys indicate a shift in voter sentiment, with Vice President Kamala Harris gaining ground over Trump. According to a <a href="https://www.benzinga.com/news/24/09/40913930/kamala-harris-moves-from-13-point-deficit-to-7-point-lead-over-trump-in-survey-of-fund-managers-stra">recent survey</a>, Harris has moved from a 13-point deficit to a 7-point lead over Trump among fund managers, strategists, and economists.
Trump&#8217;s economic proposals, including tax cuts, tariffs, and mass deportations, have drawn significant scrutiny. Economists warn that these measures could <a href="https://www.benzinga.com/personal-finance/24/09/40961812/economists-warn-trumps-plans-for-tax-cuts-tariffs-and-deportation-could-trigger-skyrocketing-inf">trigger skyrocketing inflation</a>. Trump&#8217;s stance on tariffs, in particular, has been criticized for potentially exacerbating inflationary pressures.
Moreover, Trump&#8217;s dissatisfaction with the Federal Reserve&#8217;s recent decision to cut interest rates by 50 basis points has added another layer of complexity to the economic discourse. Trump suggested that the <a href="https://www.benzinga.com/news/24/09/40931251/trump-isnt-happy-with-jerome-powells-50-bps-rate-cut-maneuver-i-guess-it-shows-the-economy-is-very-b">rate cut might indicate a faltering U.S. economy</a> or be a politically motivated action.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40983043/us-services-growth-tops-estimate-contraction-in-manufacturing-worsens-reacceleratio?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Services Growth Tops Estimate, Contraction In Manufacturing Worsens: &#8216;Reacceleration Of Inflation&#8217;</a></li>
</ul>
Image Via 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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Economics

Obama Era Treasury Secretary Slams Trumponomics, Warns It Could Unanchor Long-Term Inflation Expectations And Lead To 'Higher Wages And Prices'

The major U.S. indices closed in positive territory, with the Dow Jones Industrial Average gaining 0.15% to finish at 42,124.65, while the S&amp;P 500 climbed nearly 0.3% to 5,718.57. The Nasdaq also edged up, rising about 0.1% to 17,974.27.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media &amp; Technology Group&#8217;s shares plunged by 10.33%, closing at $12.15, following the <a href="https://www.benzinga.com/news/24/09/40987695/whats-going-on-with-trump-media-technology-stock">expiration of a major lockup period</a>. This allowed large shareholders, including Donald Trump, to sell shares if they wished. Despite Trump&#8217;s repeated assurances that he will not be selling his shares, the stock&#8217;s performance was negatively impacted.
GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop shares rose by 2.11% to close at $22.31 after the company announced the completion of its <a href="https://www.benzinga.com/news/24/09/40991944/gamestop-stock-jumps-monday-after-the-bell-whats-going-on">at-the-market offering program</a>. This move has sparked interest among investors.
See Also: <a href="https://www.benzinga.com/news/24/09/40972893/trumps-mars-landing-promise-gets-slammed-by-peter-schiff-even-as-elon-musk-says-spacex-plans-5-launc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Mars Landing Promise Gets Slammed By Peter Schiff Even As Elon Musk Says SpaceX Plans 5 Launches To Red Planet In 2 Years: &#8216;Just Don&#8217;t Want The Government To Do It&#8217;</a>
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s shares climbed 2.04% to close at $90.09. The company&#8217;s cloud computing unit has partnered with Nvidia Inc. to <a href="https://www.benzinga.com/news/24/09/40988975/alibaba-shares-are-trading-higher-whats-going-on">enhance autonomous driving</a> for Chinese EV makers. This move has been seen as strategic, especially amid U.S. sanctions restricting access to advanced semiconductor chips.
Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>)
Snowflake&#8217;s shares dipped by 2.71% to close at $113.26 after the company announced a $2 billion <a href="https://www.benzinga.com/news/24/09/40991747/snowflake-stock-dips-on-offering-after-hours-what-to-know">private placement of senior convertible notes</a>. This move has led to a decrease in the company&#8217;s stock price.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares surged by 4.93% to close at $250 as investors anticipate the company&#8217;s third-quarter delivery figures and the <a href="https://www.benzinga.com/news/24/09/40992274/what-happened-with-tesla-stock-today">release of its robotaxi</a>. Barclays analyst Daniel Levy expects Tesla deliveries to exceed the consensus estimate of 460,000. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40969515/amazon-going-nuclear-hiring-plans-indicate-company-may-be-eyeing-nuclear-to-meet-energy-needs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Going Nuclear? Hiring Plans Indicate Company May Be Eyeing Nuclear To Meet Energy Needs</a></li>
</ul>
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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

BABA

SNOW

TSLA

Trump Media & Technology, GameStop, Alibaba, Snowflake, Tesla: Why These 5 Stocks Are On Investors' Radars Today

The&nbsp;Office of the Director of&nbsp;National Intelligence or ODNI has reported that AI is being used to improve, not revolutionize, foreign influence operations targeting the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">2024 U.S. elections</a>.
What Happened: In a statement on Monday, ODNI said that AI is viewed as a malign influence accelerant rather than a revolutionary tool in the hands of foreign operatives.
&#8220;The risk to U.S. elections from foreign AI-generated content depends on the ability of foreign actors to overcome restrictions built into many AI tools and remain undetected, develop their own sophisticated models, and strategically target and disseminate such content,&#8221; ODNI said.
Foreign operatives, particularly from Russia and Iran, are leveraging AI to overcome language barriers and disseminate disinformation to U.S. voters.
For instance, Iran&nbsp;has used AI to generate&nbsp;Spanish content on immigration, a divisive U.S. political issue. Russia, on the other hand, has produced the most AI-related content concerning the U.S. election.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a>
This is consistent with its efforts to support former President Donald Trump&nbsp;and <a href="https://www.benzinga.com/general/politics/24/09/40743037/putin-says-russia-backs-harris-and-her-infectious-laugh-for-2024-election-we-will-root-for-her">denigrate Vice President</a> Kamala&nbsp;Harris&#8217; campaign, <a href="https://edition.cnn.com/2024/09/23/politics/us-intel-ai-boosting-foreign-election-interference/index.html">noted</a> CNN.
China is also using AI to amplify divisive U.S. political issues, but not specifically to influence election outcomes, according to&nbsp;the new US intelligence assessment.
&#8220;For example, pro-China online actors this year have used AI-generated news anchors and inauthentic social media accounts with AI-generated profile pictures to sow divisions on issues such as drug use, immigration, and abortion,&#8221; ODNI stated.
Why It Matters: Previously it was reported that Russian operatives <a href="https://www.benzinga.com/news/24/09/40915084/kremlin-aligned-group-behind-false-hit-and-run-allegations-against-kamala-harris-microsoft-says">allegedly staged a video</a> falsely claiming&nbsp;that Harris paralyzed a young&nbsp;girl in a hit-and-run accident in 2011.
Last month, the Trump campaign blamed &#8220;<a href="https://www.benzinga.com/news/24/08/40305575/after-trump-campaign-blames-foreign-sources-hostile-to-the-us-for-cyberattack-ex-white-house-officia">foreign sources hostile to the U.S.</a>&#8221; for a cyberattack. This was followed by President Joe Biden <a href="https://www.benzinga.com/government/24/09/40713107/biden-to-accuse-russia-of-2024-election-interference-expert-says-voting-process-tough-to-tamper-with">accusing Russia</a> of seeking to interfere with the 2024 election.
Earlier this month, U.S. intelligence agencies revealed that <a href="https://www.benzinga.com/news/24/09/40933501/us-intel-agencies-reveal-iran-tried-to-share-hacked-trump-campaign-data-with-team-biden-fbi-says-no">Iran attempted to share hacked</a> information from the Trump campaign with the Biden campaign.
Image via Unsplash
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Perplexity AI In Discussion With Marriott And Nike As It Prepares To Challenge To Google&#8217;s Dominance</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Russia, Iran Overcome Language Barriers To Spread Disinformation To Voters, Says Federal Agency: AI Improving, Not Revolutionizing Foreign Election Interference

Former First Lady Melania Trump has reportedly been receiving hefty payments for her appearances at political events this year. This unusual practice was unearthed in former President Donald Trump&#8217;s recent financial disclosure form.
What Happened: For a speaking engagement at an event organized by the LGBT+ organization Log Cabin Republicans in April, Melania Trump received a payment of $237,500 for a &#8220;speaking engagement,&#8221; <a href="https://edition.cnn.com/2024/09/23/politics/melania-trump-speaking-engagements/index.html?iid=cnn_buildContentRecirc_end_recirc">reported</a> CNN. However, the source of this payment remains a mystery. Charles Moran, the president of the Log Cabin Republicans, refuted claims that the group was responsible for her speaking fee.
Another instance of a similar payment request was made on behalf of Melania Trump for a fundraiser in July. However, it has not been confirmed whether she received payment for this event. The request was put forth by Ric Grenell, the former ambassador to Germany and a Trump ally.
These payments have reportedly raised eyebrows among experts in campaign finance and government ethics, who deem them not only unusual but also ethically dubious. They argue that the source of the payment should have been disclosed transparently to avoid potential conflicts of interest.
The report indicates that Melania Trump also received $250,000 for a Log Cabin Republican event in December 2022 and $155,000 from a Trump-aligned super PAC for a speech in December 2021. These payments were disclosed in Donald Trump&#8217;s previous year&#8217;s financial disclosure form.
While a spokesperson for Melania Trump declined to comment on the matter to CNN, sources supportive of her defended her right to decide how to spend her time and to get paid for it.
See Also: <a href="https://www.benzinga.com/news/24/09/40971739/a-military-coup-if-trump-wins-tucker-carlson-voices-concerns-to-jd-vance?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">A Military Coup If Trump Wins? Tucker Carlson Voices Concerns To JD Vance</a>
Why It Matters: These revelations come at a time when Melania Trump has been increasingly visible in the political sphere. She has been <a href="https://www.benzinga.com/news/24/09/40807096/melania-trump-says-the-attempt-to-end-her-husbands-life-was-a-horrible-distressing-experience-we-nee">questioning the circumstances surrounding an assassination attempt</a> on her husband and promoting her upcoming memoir. 
However, her <a href="https://www.benzinga.com/news/23/11/35737682/melania-trump-loves-the-mysterious-narrative-about-her-ex-aide">absence from key events linked to Donald Trump&#8217;s legal challenges</a> and her <a href="https://www.benzinga.com/news/24/09/40911991/hillary-clinton-compares-melania-trump-to-the-little-kid-at-a-birthday-party-who-doesnt-know-anyone">portrayal in Hillary Clinton&#8217;s latest book</a> have also drawn attention.
Photo Courtesy: Evan El-Amin On Shutterstock.com
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Who Funded Melania Trump's Six-Figure LGBT+ Speaking Engagement? The Source Remains Shrouded In Mystery

Tesla and SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;met Argentina president&nbsp;Javier Milei, displaying camaraderie reminiscent of their previous meetings.
What Happened: A video shared by the official X handles of Milei and Musk showed the two greet each other with a warm handshake.
Interestingly, Musk wore a MAGA (Make America Great Again) hat, and made a gesture pointing to it, evoking laughs from the Argentinian leader, though the exact words exchanged were unclear as of this writing.
<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">Así fue el reencuentro entre Elon Musk y Javier Milei. Argentina volverá a ser grande otra vez. <a href="https://t.co/Tddga9EYrV">pic.twitter.com/Tddga9EYrV</a>
&mdash; El Peluca Milei (@ElPelucaMilei) <a href="https://twitter.com/ElPelucaMilei/status/1838333503257161869?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Milei is in town to deliver Argentina's national address to the United Nations General Assembly on Tuesday. 
Musk then proceeded to meet other people in Milei&#8217;s entourage. Finally, the tech czar posed with the president, giving a double thumbs up, a photo-op similar to one seen during their previous meeting.
According to presidential spokesperson Manuel Adorni, Musk and Milei talked about a range of economic policies introduced by Argentina, including deregulation and tax incentives like RIGI, aimed at boosting investments in the South American nation. The two also discussed Argentina&#8217;s path to normality.
<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">Gran reunión con Elon Musk: conversaron sobre el proceso de desregulación que se está llevando adelante, de todos los detalles del RIGI, de las implicancias de la Ley Bases y del camino que está recorriendo la Argentina en su regreso a la normalidad. Fin. <a href="https://t.co/roJO9Av0kH">pic.twitter.com/roJO9Av0kH</a>
&mdash; Manuel Adorni (@madorni) <a href="https://twitter.com/madorni/status/1838271910783734256?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40989296/ethereum-outshines-bitcoin-after-u-s-federal-reserve-rate-cut-but-heres-how-volatility-cou">Ethereum Outshines Bitcoin After U.S. Federal Reserve Rate Cut, But Here&#8217;s How Volatility Could Crash The Party</a>
Why It Matters: Musk and Milei <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38659381/elon-musk-meets-bitcoin-supporting-president-javier-milei-again-i-recommend-investing-in-a">previously connected</a> on the sidelines of the 27th annual Milken Institute Global Conference in May, after which the multibillionaire had famously said, &#8220;I recommend investing in Argentina.&#8221;&nbsp;
Earlier this month, Musk was all praise for Milei&#8217;s policies in &#8220;restoring Argentina&#8217;s greatness.
A free-market proponent, Milei secured victory in the November elections after promising large cuts in public spending to address Argentina&#8217;s fiscal deficit and increasing inflation. His libertarian stance is also reflected in his support for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), making him one of the very few heads of state to openly endorse the asset.
However, the president has also faced criticism for his austerity measures, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40825073/pro-bitcoin-president-javier-milei-triumphs-as-pension-spending-hike-stalled-in-argentinas">with many taking to the streets </a>to oppose his attempts to halt the increase in pension spending.
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40973470/anthony-scaramucci-discloses-holding-a-lot-of-solana-backs-the-ethereum-killer-network-to-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Discloses Holding &#8216;A Lot Of&#8217; Solana, Backs The &#8216;Ethereum Killer&#8217; Network To Lead Tokenization Revolution</a></li>
</ul>

Elon Musk Dons His MAGA Hat To Meet Pro-Bitcoin  President Javier Milei: Duo Discuss Argentina's Journey To Normalcy

Ahead of the 2024 presidential election, former President Donald Trump has made headlines with his latest trade policy proposal, promising hefty tariffs on vehicles produced by <a href="https://www.benzinga.com/news/24/09/40913456/trump-vows-200-tariffs-on-chinese-made-cars-in-mexico-warns-of-us-auto-industry-collapse-if-kamala-h">alleged Chinese factories in Mexico</a>.
What Happened: Billionaire entrepreneur Mark Cuban criticized former President Trump&#8217;s threat to impose a 200% tariff on John Deere, listed on the New York Stock Exchange as Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), for moving production to Mexico. In a post on X, Cuban called it a &#8220;good way to destroy a legendary American company.&#8221;
Cuban responded to Collin Rugg, owner of Trending Politics, who reported Trump&#8217;s comments made at a policy roundtable in Smithton, Pennsylvania. Trump warned John Deere of a 200% tariff if they proceed with plans to shift some production to Mexico.
&#8220;This Lack of Understanding of Business is insane,&#8221; Cuban wrote. 
Trump&#8217;s comments were made while speaking to farmers, emphasizing his knowledge and love for John Deere. He stated, &#8220;If you do that, we&#8217;re putting a 200% tariff on everything that you want to sell into the United States,&#8221; highlighting his campaign&#8217;s focus on tariffs.
John Deere&#8217;s <a href="https://about.deere.com/en-us/commitment-to-united-states-manufacturing">webpage</a> details the company&#8217;s commitment to U.S. manufacturing and explains the necessity of moving less complex operations to other locations.
<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">This Lack of Understanding of Business is insane. Put a 200% tariff on the American company moving some production to Mexico But tariff Chinese manufacturers 10 or 20%, so that the Chinese products will be cheaper to sell in the US than the American company. Good way to… <a href="https://t.co/c23eVGMSeB">https://t.co/c23eVGMSeB</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1838326975234228494?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/09/40968288/marjorie-taylor-greene-slams-lack-of-results-from-biden-administrations-42b-broadband-program-in-geo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Slams Lack Of Results From Biden Administration&#8217;s $42B Broadband Program In Georgia: Elon Musk Calls It &#8216;Staggeringly Bad Waste Of Money&#8217;</a>
Why It Matters: Trump&#8217;s recent tariff threats are not isolated incidents. Last week, Trump vowed to impose 200% tariffs on <a href="https://www.benzinga.com/news/24/09/40913456/trump-vows-200-tariffs-on-chinese-made-cars-in-mexico-warns-of-us-auto-industry-collapse-if-kamala-h">Chinese-made cars produced in Mexico</a>, warning of a potential collapse of the U.S. auto industry if Vice President Kamala Harris wins the 2024 election. He reiterated these claims during a town hall event in Flint, Michigan, despite the lack of evidence supporting the existence of such factories.
According to the Bureau of Labor Statistics, since President&nbsp;Joe Biden&nbsp;took over, auto and parts jobs have <a href="https://www.benzinga.com/startups/24/09/40971171/trump-promises-more-tariffs-while-repeating-his-controversial-false-claim-about-chinese-automakers-b">jumped by 13.6%, reaching 1.07 million by August</a>. Car sales even ticked up by 2.4% in the first half of this year. The idea that the U.S. auto industry is on its last legs seems a stretch at the very least.
The U.S. has been strategically decoupling from China, a trend expected to continue<a href="https://www.benzinga.com/markets/penny-stocks/24/08/40257933/kamala-and-trump-will-continue-china-de-risking-does-that-make-china-a-turn-off-to-wall-stre"> regardless of the 2024 election outcome</a>. Both Harris and Trump are likely to maintain this stance, impacting Chinese companies outsourcing to or investing in factories in Southeast Asia and Mexico.
Additionally, the Biden administration has proposed banning vehicles equipped with Chinese software, citing national security concerns. The U.S. Commerce Department aims to <a href="https://www.benzinga.com/news/24/09/40981404/us-proposes-ban-on-vehicles-equipped-with-chinese-software-as-team-biden-cracks-down-on-foreign-adve">prevent nearly all Chinese cars</a> from entering the U.S. market, further complicating the trade landscape.
Price Action: Deere &amp; Co stock closed at $408.95 on Monday, up 0.75% for the day. In after-hours trading, the stock dipped 1.53%. Year to date, Deere &amp; Co has risen by 2.01%, according to <a href="https://www.benzinga.com/pro/login">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40935722/spacex-ceo-elon-musk-says-anyone-can-go-to-mars-with-spacex-but-journey-would-be-like-a-long-sea-voy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Anyone Can Go To Mars With SpaceX But Journey Would Be Like A &#8216;Long Sea Voyage In Centuries Past&#8217;</a></li>
</ul>
Image Via 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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Mark Cuban Says Trump's Lack Of Understanding Business Is 'Insane' — Slams 200% Tariff Threat On John Deere: 'Good Way To Destroy A Legendary American Company'

Senate Majority Leader Chuck Schumer (D-N.Y.) has criticized former President Donald Trump for spending a month encouraging the House GOP to shut down the government.
What Happened: On Monday, Schumer took to X to express his views on the ongoing negotiations for a stopgap funding deal. He criticized Trump&#8217;s urging of House Republicans to force a government shutdown if Voter ID proposals, supported by him, were not accepted. 
Schumer&#8217;s post read, &#8220;Remember: Trump has spent the month urging House Republicans to shut the government down if his poison pills weren't passed. It's outlandishly cynical.&#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">Remember: Trump has spent the month urging House Republicans to shut the government down if his poison pills weren't passed. It's outlandishly cynical. He knows a shutdown would mean chaos and pain and needless heartache for the American people. But clearly he doesn't care.
&mdash; Chuck Schumer (@SenSchumer) <a href="https://twitter.com/SenSchumer/status/1838343335859360248?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He called the ex-president&#8217;s position &#8220;outlandishly cynical.&#8221; 
&#8220;He knows a shutdown would mean chaos and pain and needless heartache for the American people,&#8221; said Schumer — adding, &#8220;But clearly he doesn't care.&#8221;
<a href="https://twitter.com/SenSchumer/status/1838343335859360248?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1838343335859360248%7Ctwgr%5Ebc9a94e171a25ffbc7e2e4c6577d342efa4afd95%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Feditorial.benzinga.com%2Fwp-admin%2Fpost-new.php" target="_blank" rel="noreferrer noopener"></a>This comes in the wake of a significant development in the House of Representatives, where Speaker Mike Johnson&#8217;s (R-La.) funding bill was <a href="https://www.benzinga.com/news/24/09/40931809/house-republicans-reject-their-own-funding-bill-as-government-shutdown-looms-mike-johnson-says-we-ha">defeated by a group of House Republicans</a>. The bill's failure complicated efforts to avoid a government shutdown at the end of the month.
However, on Monday, Congressional leaders reached a bipartisan agreement on a short-term spending bill to fund federal agencies through mid-December, avoiding a government shutdown as the new fiscal year began. The bill includes $231 million for the Secret Service following assassination attempts on Trump. Final spending decisions were pushed until after the November elections, <a href="https://apnews.com/article/congress-government-shutdown-trump-johnson-budget-deal-d51de0cd895db687a6f5b35fc0dab13e">reported</a> AP News.
See Also: <a href="https://www.benzinga.com/news/24/09/40969584/trump-vs-harris-this-candidate-has-the-edge-in-latest-swing-state-polls?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: This Candidate Has The Edge In Latest Swing State Polls</a>
Why It Matters: Schumer&#8217;s comments echoed his <a href="https://www.benzinga.com/news/24/09/40890590/chuck-schumer-says-if-government-shutdown-happens-it-will-because-of-republican-poison-pills-the-ame">previous warning</a> that if a government shutdown occured due to "Republican poison pills," the American public would hold them accountable. His post read, "If a shutdown happens because of Republican poison pills, the American people are going to hold them responsible. We don&#8217;t need to go down this road."
House GOP leaders had proposed a <a href="https://www.benzinga.com/news/24/09/40972702/house-gop-leaders-pitch-3-month-funding-plan-drop-trump-backed-voter-id-proposal-mike-johnson-says-s">three-month plan</a> to keep the government funded, following the failure of Speaker Johnson's initial plan due to Republican opposition. The resolution, which maintains current funding levels until December 20, sets the stage for a holiday funding battle. The three-month timeframe is a reduction from Johnson's initial six-month proposal and notably omits a Trump-endorsed measure requiring proof of citizenship to vote.
Johnson had warned Republicans against a shutdown, stating in a "Dear Colleague" letter, "As history has taught and current polling affirms, shutting the government down less than 40 days from a fateful election would be an act of political malpractice."
Photo courtesy: Shutterstock
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Chuck Schumer Slams Trump's 'Poison Pill' Efforts As Congressional Leaders Agree On Temporary Funding Deal: 'Clearly He Doesn't Care'

In a recent development, Masoud Pezeshkian, the President of Iran, has pointed fingers at Israel for escalating the ongoing conflict in the Middle East.
What Happened: Pezeshkian, in his address to the media on Monday, alleged that Israel is creating &#8220;traps&#8221; to instigate Iran into a wider conflict. He voiced Iran&#8217;s unwillingness to see the current Gaza war and Israeli-Lebanon border airstrikes escalate, <a href="https://apnews.com/article/united-nations-iran-529d09bced2d3c579df5ab025b467a55">reported</a> AP News.
&#8220;We don&#8217;t want to fight,&#8221; Pezeshkian declared. &#8220;It&#8217;s Israel that wants to drag everyone into war and destabilize the region. … They are dragging us to a point where we do not wish to go.&#8221;
The Iranian leader, who recently took office after a presidential runoff in July, made these comments during his first appearance at the U.N. General Assembly. His comments come as Israel intensifies its attacks on Iranian-backed Hezbollah militants in Lebanon.
Pezeshkian criticized Israel&#8217;s actions, citing the recent deadly explosions in Lebanon and the assassination of Hamas&#8217; political leader in Tehran, both of which he attributed to Israel.
Despite Israel&#8217;s claims of not wanting a wider war, Pezeshkian argued that their actions suggest otherwise. He reiterated Iran&#8217;s commitment to peace, stating, &#8220;We are willing to put all our weapons aside so long as Israel is willing to do the same.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40935722/spacex-ceo-elon-musk-says-anyone-can-go-to-mars-with-spacex-but-journey-would-be-like-a-long-sea-voy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Anyone Can Go To Mars With SpaceX But Journey Would Be Like A &#8216;Long Sea Voyage In Centuries Past&#8217;</a>
Why It Matters: The recent escalation of violence between Israel and Hezbollah has been a cause for international concern. <a href="https://www.benzinga.com/government/24/09/40986207/israel-carries-out-air-assaults-on-hezbollah-in-southern-lebanon">Israeli airstrikes on Hezbollah targets in southern Lebanon</a> resulted in approximately 274 casualties on Monday. The conflict has been intensifying since Israel&#8217;s war with Hamas began last October.
Despite the escalating conflict, <a href="https://www.benzinga.com/etfs/sector-etfs/24/09/40990914/oil-falls-energy-stocks-flat-as-fears-of-demand-drop-off-eclipse-israel-hezbollah-conflict-escal">oil prices fell by more than 1%</a> on Monday due to concerns over weakened global demand. The conflict has not significantly affected energy supplies, with investors focusing more on the macroeconomic picture of slowing global consumption.
The U.S. has also <a href="https://www.benzinga.com/news/24/09/40977597/us-warns-israel-against-opening-a-full-blown-war-against-hezbollah-as-air-strikes-kill-30-in-lebanon">warned Israel against escalating hostilities</a> with Hezbollah, emphasizing the potential risks of a full-scale land war. The U.S. has urged Israel to seek diplomatic solutions to ensure the safety of Israeli citizens.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Iran's President Says 'We Don't Want To Fight' But Israel 'Wants To Drag Everyone Into War And Destabilize The Region' — Willing To Put Our Weapons Aside If They Do The Same

In a recent interview, Ukrainian President Volodymyr Zelensky took a critical stance against Sen. JD Vance (R-Ohio.), the Republican vice presidential nominee, labeling him as &#8220;too radical&#8221;.
What Happened: Zelensky, in a <a href="https://www.newyorker.com/news/the-new-yorker-interview/volodymyr-zelensky-has-a-plan-for-ukraines-victory">conversation</a> with The New Yorker that was published on Sunday, voiced his concerns about Vance&#8217;s views on the ongoing Ukraine conflict. He was particularly troubled by Vance&#8217;s suggestion that Ukraine should make sacrifices to end the war.
President Zelensky strongly disagreed with this notion, stating, &#8220;The idea that the world should end this war at Ukraine's expense is unacceptable.&#8221; He also mentioned Vance&#8217;s past suggestions for Ukraine to surrender territory to Russia as a means to end the current war.
&#8220;I don't take Vance's words seriously, because, if this were a plan, then America is headed for global conflict. It will involve Israel, Lebanon, Iran, Taiwan, China, as well as many African countries.&#8221;
Zelensky, responding to Vance&#8217;s views, encouraged the senator to study the history of World War II, underlining the perils of appeasement. The Hill has contacted a representative for Vance for a response.
&#8220;Let Mr. Vance read up on the history of the Second World War, when a country was forced to give part of its territory to one particular person,&#8221; said Zelensky.
&#8220;What did that man do? Was he appeased or did he deal a devastating blow to the continent of Europe—to many nations, broadly, and to the Jewish nation in particular? Let him do some reading.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40950674/data-scientist-who-called-2020-election-correctly-says-its-gone-from-drastic-landslide-in-trumps-dir?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Data Scientist Who Called 2020 Election Correctly Says Its Gone From &#8216;Drastic Landslide In Trump&#8217;s Direction To A drastic landslide For Harris&#8217;</a>
Why It Matters: This criticism comes in the backdrop of a tense geopolitical situation. In July 2024, Zelensky had <a href="https://www.benzinga.com/news/24/07/39617560/zelenskyy-presses-trump-to-tell-how-to-finish-ukraine-russia-war">urged</a> former U.S. President Donald Trump to reveal his plan for a swift end to the ongoing Russia-Ukraine war, emphasizing that any plan must respect Ukraine's sovereignty.
During the same month, NATO had announced a series of measures, including a $40 billion annual financial pledge of military support to Ukraine, to <a href="https://www.benzinga.com/news/24/07/39590765/nato-to-trump-proof-ukraine-aid-after-bidens-weak-debate-performance-with-40b-annual-financial-pledg">safeguard</a> Ukraine's potential future NATO membership and counter the impact of a potential return of Trump.
In a presidential debate in September 2024, Vice President Kamala Harris <a href="https://www.benzinga.com/news/24/09/40811624/kamala-harris-slams-donald-trump-over-friendship-with-russian-president-a-dictator-who-would-eat-you">criticized</a> Trump for his stance on Ukraine and his "friendship" with Russia&#8217;s President Vladimir Putin.
Photo Courtesy: Shutterstock.com
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

JD Vance Is 'Too Radical' And Needs To 'Read Up On The History Of The Second World War,' Says Ukraine's President: Understand The 'Perils Of Appeasement'

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

BBGI

ONCO

Betting odds between Vice President Kamala Harris and former President Donald Trump remain almost identical in the weeks since the Sept. 10 debate and as the countdown to<a href="https://www.benzinga.com/topic/2024-election"> 2024 election day nears one month.</a>
What Happened: Election polls <a href="https://www.benzinga.com/topic/election-poll">show a close race</a> between Trump and Harris, particularly in key swing states.
Betting odds and prediction markets have shown Harris in the lead for the race to the White House since the presidential debate between the two candidates and she continues to hold the betting lead.
The betting odds are near even between the two candidates at Bet365, as reported by <a href="https://www.covers.com/politics/us-election-betting-odds">Covers</a>. These betting odds translate to around a 55.6% chance of Harris winning the election and implied odds of 50% of Trump winning the election — just to illustrate how close the election remains.
The latest betting odds are the same as they were <a href="https://www.benzinga.com/general/sports-betting/24/09/40823510/trump-vs-harris-2024-election-betting-odds-show-love-story-for-vice-president-after-debate">two weeks ago,</a> which comes with Harris still showing strength in election polls.
For comparison, Trump was the favorite at odds of -125 and Harris was listed at +100 back in August.
Polymarket, which calls itself the world's largest prediction market, offers betting on items in categories such as politics, sports, cryptocurrency, pop culture and more.
The Polymarket 2024 election outcome winner <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1727125645264">market </a>has over $989 million in wagers placed and continues to be one of the most popular markets. The current odds show Harris with a 51% chance of winning and Trump at a 48% chance of winning.
On Polymarket, users can deposit funds using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) via the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) network, or directly from a crypto account with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). In each betting market, the winning option pays out at $1.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Trump has mostly been in the lead on Polymarket, with Harris remaining close and sometimes taking the lead. Trump held a lead of eight points ahead of the debate before the two candidates ended up tied after the debate and shortly after.
Two weeks ago, Trump still had a lead on Polymarket, but saw the lead quickly disappear. After Harris took a stronger lead on Polymarket, Trump saw his odds<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40945847/donald-trump-now-trails-kamala-harris-by-4-points-after-9-point-election-odds-turnaround-i"> come roaring back.</a>
A <a href="https://www.benzinga.com/news/24/09/40872269/fbi-investigating-trumps-second-assassination-attempt-authorities-detain-pro-ukraine-construction-co">second assassination attempt </a>on Trump in mid-September didn't improve the former president's odds. This may be a slight surprise to those who have followed the betting odds. An assassination attempt on Trump in Pennsylvania led to the former president becoming a huge favorite at -250 with then presidential candidate Joe Biden at +500 and Harris at +800.
The odds remaining consistent over the past two weeks could also be a surprise after <a href="https://www.benzinga.com/news/24/09/40972774/trump-says-no-to-another-run-if-he-loses-2024-election-to-kamala-harris-hopefully-were-going-to-be-s">Trump recently said</a> he doesn't plan on running in the 2028 election if he loses to Harris in the 2024 election.
"I don't see that at all. I think that, hopefully, we're going to be successful," Trump said of the 2024 election.
Following the<a href="https://www.benzinga.com/general/sports-betting/24/07/39868243/2024-election-betting-odds-joe-biden-has-8-chance-of-winning-according-to-sportsbooks-pred" target="_blank" rel="noreferrer noopener">&nbsp;first presidential debate</a>, Trump had odds of -175, with Harris at +400 topping the odds of Biden at +800 before his withdrawal from the race.
In&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39625294/2024-election-betting-odds-react-to-biden-debate-disaster-trump-odds-hit-all-time-high-kam" target="_blank" rel="noreferrer noopener">late June</a>, Trump was listed with odds of -188 with Biden at +350 and Harris significantly behind at +2,200.
Keep in mind that back in January 2021, it was Harris who was the favorite to win the 2024 election with odds of +350 based on the plan that Biden would not run for re-election. Biden and Trump trailed Harris at the time at odds of +400 and +650, respectively.
Harris has closed the gap between the Democratic and Republican parties and her debate performance now made it more likely that she could win the 2024 election.
A recent Morning Consult poll showed Harris with a<a href="https://www.benzinga.com/general/politics/24/09/40805945/harris-vs-trump-vice-president-holds-3-point-lead-ahead-of-presidential-debate-but-swing-states-" target="_blank" rel="noreferrer noopener">&nbsp;six-point lead&nbsp;</a>over Trump among nationally registered voters who are likely to vote in the upcoming election.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Shutterstock

Sports Betting

$MATIC

$USDC

USDC

Trump Vs. Harris: 2024 Election Betting Odds Show Vice President Maintains Lead As Race Nears One-Month Mark

Online furniture retailer Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) said on Monday that it is <a href="https://www.benzinga.com/news/24/09/40970727/federal-reserves-bold-rate-cut-retail-sales-rise-and-more-this-week-in-economics">offering $700 million</a> in secured notes to repay some of its debt, joining other companies&#8217; run to the debt markets less than a week after the Federal Reserve cut interest rates for the first time in four years.
The Fed lowered its key interest rate on Wednesday by an unexpected 50 basis points to a range between 4.75% and 5%, setting in motion an expected gradual decrease in rates on bonds, car loans, mortgages and anything else with an interest rate.
Wayfair said the proceeds from the notes, which will mature in 2029, go towards paying back certain convertible senior notes and general corporate purposes.
Read Also: <a href="https://www.benzinga.com/news/24/09/40969943/fed-rate-cut-fuels-market-rally-amidst-valuation-fears">Fed Rate Cut Fuels Market Rally Amidst Valuation Fears</a>
Wayfair is not alone in its dash for debt as 10 high-grade issuers — including TMobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) — are looking to raise money from borrowing in the junk-bond market, a flurry that could result in $20 billion to $25 billion in deals this week, Bloomberg<a href="https://www.bloomberg.com/news/articles/2024-09-23/us-companies-are-ready-to-borrow-billions-following-fed-rate-cut?srnd=homepage-americas&amp;sref=TBDibEcD"> reported</a>.
The average yield in the U.S. investment-grade and high-yield bond markets fell after the Fed rate cut, enticing issuers into the market.
Cigarette-filter maker Cerdia Holdings issued $800 million in debt to refinance notes due 2027 and pay for a shareholder distribution.
Australian coal miner Coronado Global Resources (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CODQL#OTC">CODQL</a>) launched a $400 million offer to redeem its 2026 notes, while U.S.-based telecommunications company Windstream Holdings, Inc. put together a $1.3 billion debt package through the loan and bond markets to refinance loans.
Price Action: Investment banks that underwrite corporate bonds saw gains and losses on Monday.
<ul>
<li>Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) declined 0.7% to close at $64.93</li>
<li>JPMorgan &amp; Chase Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) rose 0.17% to close at $211.44</li>
<li>Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) slipped 0.2% to close at $497.41</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/economics/24/09/40965570/fed-rate-cut-may-drive-investors-away-from-money-markets-says-portfolio-manager">Fed Rate Cut May Drive Investors Away From Money Markets, Says Portfolio Manager</a></li>
</ul>
Photo: Shutterstock

Bonds

CODQL

SCHW

TMUS

Companies Run To Bond Markets After Last Week's Fed Rate Cut

Chicago Federal Reserve President Austan Goolsbee hinted at a series of interest rate cuts over the next 12 months in a discussion at the Economic Club <a href="https://www.benzinga.com/topic/federal-reserve">of Minnesota on Monday. </a>
&#8220;We have a long way to come down to get the interest rate to something like neutral,&#8221; Goolsbee said, suggesting that the Fed is preparing to shift away from its current restrictive stance to support economic conditions as the key focus shifts from inflation to the labor market. 
Goolsbee warned a 0.7% increase in unemployment within a year is typically a precursor to a recession, noting that labor market deterioration often happens rapidly.
While acknowledging unemployment is on an upward trajectory, he highlighted that the overall rate remains relatively low, and the Fed remains watchful of the balance between inflation risks and employment trends.
&#8220;At this time, there&#8217;s little evidence that inflation is stalling out at 3%,&#8221; Goolsbee added, underscoring the Fed's commitment to managing inflation risks without undermining the labor market.
&#8220;There are some warning signs, but the economy still has underlying strength,&#8221; Goolsbee said. He highlighted recent upticks in unemployment primarily reflect an increase in labor force participation, with payrolls continuing to grow and consumer spending holding steady.
Interest rate futures are currently pricing in nearly equal odds of a 25 or 50 basis point cut at the Fed's November meeting, according to the CME FedWatch tool.
U.S. Treasury bonds edged lower on Monday, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) slipping 0.2% by the close of trading.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Q&amp;A with Austan Goolsbee at the Economic Club of Minnesota" width="500" height="281" src="https://www.youtube.com/embed/gzdEy4LFct4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h1 class="wp-block-heading">Fitch Ratings See Only &#8216;Modest&#8217; Rate Cuts Ahead</h1>
The Federal Reserve&#8217;s easing cycle is expected to be &#8220;modest&#8221; compared to historical rate-cutting episodes, despite the surprising 50-basis-point reduction at last week's FOMC meeting. 
Fitch Ratings now forecasts the federal funds rate to fall to 4.5% by the end of 2024, and further to 3.5% by the close of 2025. By mid-2026, the rate could stabilize at a neutral level of 3.0%.
Fitch Ratings expects the Fed to implement a 25-basis-point rate cut in both November and December 2024, followed by four additional 25-basis-point cuts through 2025. The agency anticipates that the Fed will lower rates at alternating FOMC meetings next year, signaling a gradual approach to easing monetary policy.
Despite the anticipated cuts, Fitch does not foresee a sharp decline in the U.S. job market. Instead, the agency believes the labor market's current softness is part of a natural recovery in the workforce after the volatility of the past 12-18 months.
With payroll growth continuing and consumer demand holding up, the Fed's cautious approach appears to be aimed at managing economic risks without triggering a sharp downturn.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/40986319/chinese-stocks-defy-bidens-auto-import-ban-concerns-rally-to-4-month-highs-as-central-bank-unexpecte">Chinese Stocks Defy Biden&#8217;s Auto Import Ban Concerns, Rally To 4-Month Highs As Central Bank Unexpectedly Slashes Interest Rates</a></li>
</ul>
Photo: Shutterstock

Specialty ETFs

Treasuries

Federal Reserve

iShares Trust Barclays 20+ Year Treasury Bond Fund

Fed's Goolsbee Signals Multiple Rate Cuts Ahead, Cites Recession Warning Signs As Unemployment Rises

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are moving higher on Monday. The stock appears to be getting a lift after the company sent a new <a href="https://www.benzinga.com/news/24/09/40913789/boeing-and-its-largest-union-return-to-table-with-federal-mediators-after-30k-workers-strike-over-fa">labor deal offer to its striking workers</a>.
What Happened: According to a Wall Street Journal <a href="https://www.wsj.com/business/boeing-strike-union-offer-raises-3881ce87?mod=hp_lead_pos3">report</a>, Boeing on Monday made a new offer to its machinist union workers who voted to <a href="https://www.benzinga.com/markets/equities/24/09/40784605/boeing-labor-deal-sparks-anger-among-union-workers-ahead-of-crucial-vote-theyre-angry">go on strike 11 days earlier</a>. 
The proposal comes as Boeing ramps up efforts to end a walkout that&#8217;s costing the planemaker hundreds of millions of dollars each week. 
The report indicates that Boeing&#8217;s new proposal includes a 30% pay increase over the next four years, up from the 25% increase the company offered in its prior deal. The new deal would also double the ratification bonus to $6,000, reinstate annual bonuses Boeing had planned to eliminate and increase company contributions to retirement plans. 
Boeing said it would continue with its commitment to make its next new airplane in the unionized Pacific Northwest. The company reportedly told workers they have until Sept. 27 to ratify the deal.
Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40987087/us-stocks-stall-gold-updates-record-highs-tesla-rallies-whats-driving-markets-monday">US Stocks Stall, Gold Updates Record Highs, Tesla Rallies: What&#8217;s Driving Markets Monday?</a>
Thirty-three thousand machinist union employees walked out on Boeing on Sept. 13 after rejecting a labor deal that they said did not address members&#8217; main concerns. The two sides briefly <a href="https://www.benzinga.com/news/24/09/40913789/boeing-and-its-largest-union-return-to-table-with-federal-mediators-after-30k-workers-strike-over-fa">began negotiating terms again</a> last week before talks were halted on Wednesday.
Union leaders are reportedly asking for a 40% pay increase over four years. The workers are also attempting to win back pensions that were eliminated in 2014, although they have acknowledged the need for a compromise. The report indicates that Boeing&#8217;s new offer doesn&#8217;t include anything about restoring pensions.
BA Price Action: <a href="http://benzinga.com/quote/ba">Boeing shares</a> were up 1.96% at market close Monday. Despite Monday&#8217;s lift, the stock is still down about 10% over the past month, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: •<a href="https://www.benzinga.com/etfs/sector-etfs/24/09/40990914/oil-falls-energy-stocks-flat-as-fears-of-demand-drop-off-eclipse-israel-hezbollah-conflict-escal"> Oil Falls, Energy Stocks Flat As Fears Of Demand Drop Eclipse Israel-Hezbollah Conflict Escalation</a>
Photo: Shutterstock.

Boeing Stock Climbs As Company Sweetens Labor Deal: What You Need To Know

Plant & Co Brands Ltd (TSE:HBFG) has released an update. Happy Belly Food Group Inc. has announced a significant expansion of their Rosie's Burgers...

Happy Belly's Rosie's Burgers Expands in British Columbia

Plant & Co Brands Ltd (TSE:HBFG) has released an update. Happy Belly Food Group Inc. has announced the expansion of their Heal Wellness franchise a...

Happy Belly Doubles Alberta Franchise Plans

Plant & Co Brands Ltd (TSE:HBFG) has released an update. Happy Belly Food Group Inc. has announced the establishment of its third multi-branded loc...

Happy Belly Expands with Third Multi-Brand Site

Plant & Co Brands (TSE:HBFG) has released an update. Happy Belly Food Group has announced the opening of its first PIRHO Fresh Greek Grill franchis...

Happy Belly Launches First PIRHO Grill in Calgary

Plant & Co Brands (TSE:HBFG) has released an update. Happy Belly Food Group Inc. has announced the signing of its 35th franchise agreement for the ...

Happy Belly's Heal Wellness Rapidly Expands Franchise

Plant & Co Brands (TSE:HBFG) has released an update. Happy Belly Food Group Inc. has reported an impressive eighth consecutive record quarter and t...

Happy Belly Continues Record Growth Streak

Plant & Co Brands (TSE:HBFG) has released an update. Happy Belly Food Group Inc. has announced the expansion of their Heal Wellness franchise agree...

Happy Belly Doubles Expansion in British Columbia

Plant & Co Brands (TSE:HBFG) has released an update. Happy Belly Food Group Inc. has launched its third Rosie's Burgers location at The Well, a new...

Happy Belly Opens New Rosie's Burgers in Toronto

Plant & Co Brands (TSE:HBFG) has released an update. Happy Belly Food Group Inc. has strategically expanded its Heal Wellness brand by securing a n...

Happy Belly Expands Heal Wellness in Vancouver

Plant & Co Brands (TSE:HBFG) has released an update. Happy Belly Food Group Inc. has expanded its footprint with the launch of a new Heal Wellness ...

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Happy Belly Food Group Inc Ordinary Shares

News

Latest news for Happy Belly Food Group Inc Ordinary Shares (OTC:VGANF) Stock