Latest news for BeMetals (OTC:BMTLF) Stock

BeMetals Corp is a precious and base metals exploration and development company engaged in the acquisition of quality exploration, development and production stage mineral projects. The company is focused on exploring its portfolio of gold projects in Japan, which includes the Kato Gold Project in Hokkaido, and exploring copper at its Pangeni Project in Zambia. It operates in one segment, exploration and evaluation of mineral properties, in Zambia and Japan.

BeMetals Corp

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>Concentra Group Holdings Parent, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CON#NYSE">CON</a>) becomes publicly listed starting on July 25, 2024. The company has a price range set between $23.00 and $26.00 with a 180-day lockup period. Concentra Group Holdings Parent, Inc will be offering 22,500,000&nbsp;shares at a per-share value of $24.50.</li>
<li>OneStream, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OS#NASDAQ">OS</a>) becomes publicly listed starting on July 24, 2024. The company has a price range set between $17.00 and $19.00 with a 180-day lockup period. OneStream, Inc will be offering 24,500,000&nbsp;shares at a per-share value of $18.00.</li>
</ul>
<h3>Understanding 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.

News

IPOs

A Look At Upcoming IPOs For The Week

During an episode of the popular <a href="https://www.benzinga.com/personal-finance/24/07/39821566/dave-ramsey-slams-instagram-rich-your-fancy-friends-are-probably-broke">Dave Ramsey</a> show, host and personal finance expert Dave Ramsey preaches on not investing in banks or savings accounts. Here's why he does not recommend this.&nbsp;
Ramsey, who is often known for his blunt but truthful advice, has warned his audience against <a href="https://www.benzinga.com/news/earnings/24/07/39819809/nice-up-9-in-a-month-how-should-investors-play-the-stock">investing</a> their hard-earned money into banks and savings accounts because, according to him, you're lending the bank your money.
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<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li>This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.</li>
</ul>
"Don't be a loaner. Be an owner," Said Ramsey.&nbsp;
He explained, "When you put money in a bank you're lending them your money, and they're paying you interest," which he admits is often not a lot of interest. So, to make money, you need to be the owner of the money. How do people go about doing this? Ramsey advises putting it into an investment. He added, "There's never any money in putting your money in the bank." Own your money and not loan away your money.&nbsp;
This advice is targeted not only at investing in banks but also at investing your money in savings accounts. According to the personal finance expert, investing money in a savings account is not going to make you money on that money. On social media platform X, he wrote, "You're not trying to make money on this money. You're trying to save for specific purposes like emergencies, a down payment on a house, a family vacation, or even next year's Christmas fund." If investing your money into a savings account is something you want to do, Ramsey does acknowledge that a high-yield savings account is a better option but points out the cons of investing your money into a savings account instead of something like growth stocks.&nbsp;
See Also: General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50 per share.</a>
High-yield savings accounts have higher interest rates, which means you can meet your savings goals more quickly. But here's the catch: they're not great for long-term saving goals or if you want to make money from your money. Ramsey admitted, "Though high-yield savings accounts provide a much higher rate of return than traditional savings accounts, they're still lousy for long-term investing." The other problem with savings accounts, according to Ramsey, is they don't ensure your money is actually growing in value.&nbsp;
If you are going to invest your money into one of these savings accounts, Ramsey advises people to only store their emergency savings and funds for immediate purchases in this account. Your retirement savings should be tied to better investment strategies. For Ramsey, this means investing in growth stocks.
During another episode of the Dave Ramsey show, the finance guru revealed that the key to Americans growing their first $1 million is to invest steadily in growth stocks, not banks.&nbsp;
<hr class="wp-block-separator has-alpha-channel-opacity" />
Trending: Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> here&#8217;s how to get started investing in real estate with just $100</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
This year, Ramsey Solutions conducted its survey, The National Study of Millionaires, which surveyed over 10,000 millionaires. The study revealed that eight out of 10 millionaires surveyed said they invested in their company's 401(k) plan, and another 75% revealed that they invested consistently over the long term. Doing this is what can "cause people to get their first $1 million to $5 million," said Ramsey. Highlighting that this long-term approach to investing is a path to significant financial growth.&nbsp;
Ramsey advises people to make compound interest work for them by investing in growth mutual funds, which is something that he personally does with his money. "I invest in those in up times, in down times, in all times. I never stop." The great thing about mutual funds is that there are plenty of choices. You can choose to invest your money in income funds, money market funds, value funds and even hybrid mutual funds. So, according to Ramsey's advice, "Start investing and keep investing – no matter what."&nbsp;
Read Next:
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<li>Mark Cuban believes &#8220;the next wave of revenue generation is around real estate and entertainment&#8221; —<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> this new real estate fund allows you to get started with just $100.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>

Personal Finance

Dave Ramsey Preaches The Power Of Ownership Over Loanship, Saying 'There's Never Any Money In Putting Your Money In A Bank'

According to a report, the Secret Service consistently dismissed former President Donald Trump&#8216;s appeals for enhanced security measures for two years leading up to the recent <a href="https://www.benzinga.com/news/24/06/39563576/following-debate-latest-poll-among-democrats-signals-major-trouble-for-joe-biden-although-theres-one">assassination attempt on his life.</a>
What Happened: Trump had been persistently requesting for additional agents, the installation of magnetometers at large public gatherings and extra snipers for outdoor venues.
However, these pleas were repeatedly turned down by high-ranking officials who cited a scarcity of resources as the reason, <a href="https://nypost.com/2024/07/20/us-news/secret-service-honchos-denied-trump-additional-security-for-2-years-before-assassination-attempt-damning-report-reveals/?utm_campaign=nypost&amp;utm_source=twitter&amp;utm_medium=social">as</a> reported by The New York Post.
The Secret Service, working in partnership with local law enforcement, was responsible for security at the Pennsylvania rally where Matthew Thomas Crooks, a 20-year-old, opened fire. 
Crooks, stationed on a rooftop approximately 130 yards from Trump, discharged up to seven rounds, one of which reportedly grazed Trump&#8217;s ear and resulted in the death of a bystander behind the stage. Two others were severely wounded.
The security lapse triggered widespread anger, compelling the federal security agency to expand Trump&#8217;s detail to match that of President Joe Biden, as reported by The New York Post earlier this week. The Secret Service initially refuted allegations that Trump&#8217;s team had sought extra security prior to the shooting, labeling them as &#8220;absolutely false.&#8221;
Meanwhile, Trump has expressed his disbelief over how the assailant was able to gain access to a roof with a clear line of sight to him. The former president <a href="https://www.foxnews.com/video/6358699262112">shared</a> his concerns in an interview with Fox News, which is scheduled to air on Monday.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/07/39761579/biden-vs-trump-latest-poll-reveals-surprise-following-presidents-widely-criticized-debate-performanc" target="_blank" rel="noreferrer noopener">Biden Vs. Trump: Latest Poll Reveals Surprise Following President's Widely Criticized Debate Performance</a>
"You had Trumpers screaming, the woman in the red shirt, she was screaming, &#8216;Man on the roof,' and then other people [said,] &#8216;There's a man on the roof who's got a gun.&#8217; And that was quite a bit before I walked onto the stage. So, you would've thought somebody would've done something about it," Trump said in the interview.
The assassination attempt took place at a rally in Butler, Pennsylvania, last weekend. 
Secret Service Director Kimberly Cheatle repeatedly denied allegations in a meeting with Trump campaign leadership in Wisconsin last Monday.
However, in light of the revelation of substantial deficiencies in the former president&#8217;s security detail, the agency has since revised its position. 
Cheatle is under pressure to resign from both Republicans and Democrats. House Speaker Mike Johnson (R-La.) and Senate Minority Leader Mitch McConnell (R-Ky.) have called for new leadership at the agency.
Rep. Brendan Boyle (D-Pa.) was the first congressional Democrat to call for Cheatle&#8217;s resignation, citing &#8220;unacceptable operational failures.&#8221;
Why It Matters: The incident has raised serious questions about the Secret Service&#8217;s commitment to the safety of the former president. The agency&#8217;s initial denial of Trump&#8217;s requests for additional security, followed by a sudden change in stance after the assassination attempt, has led to public outrage and demands for accountability. 
The incident has also highlighted the potential risks faced by public figures, prompting a reevaluation of security protocols for high-profile individuals.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/07/39872154/trump-vs-biden-latest-round-of-polls-all-seem-to-suggest-grim-news-for-this-candidate">Trump Vs. Biden: Latest Rounds Of Polls All Seem To Suggest Grim News For This Candidate</a></li>
</ul>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Politics

Trump's Pleas For Extra Security Repeatedly Ignored By Secret Service Prior To Assassination Attempt: Report

Florida's cannabis legalization initiative, known as Amendment 3, would <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">legalize the possession of marijuana</a> for adults. To become law, the amendment needs at least 60% support from voters — a figure that seems to be within reach despite <a href="https://www.benzinga.com/markets/cannabis/24/06/39455304/desantis-fierce-opposition-notwithstanding-floridas-cannabis-legalization-amendment-shatters-all">vehement opposition</a> from Gov. Ron DeSantis and Florida&#8217;s Republican party. The amendment will be decided in the <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">November 2024 elections</a>.
A newly formed DeSantis-backed coalition has now stepped into the fray with plans to defeat the initiative, which <a href="https://www.benzinga.com/markets/cannabis/24/06/39236840/desantis-is-less-popular-than-floridas-legal-cannabis-amendment-new-poll-that-also-shows-biden-g">has the support</a> of two-thirds of Florida voters, including a majority of Republicans.
That said, Vote No on 3 &#8220;has the full support of the Governor and plans to run a vigorous and full-throated campaign to warn Floridians about this deceptive amendment seeking to make Florida the California of the east — a notion anathema to most Floridians,&#8221; wrote representatives of the group in a Friday press release, <a href="https://floridapolitics.com/archives/685076-vote-no-on-3-launches-anti-pot-amendment-push/">reported</a> Florida Politics.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39827912/ron-desantis-blasts-floridas-cannabis-legalization-ballot-at-rnc-it-would-allow-80-joints-a-day-">Ron DeSantis Blasts Florida&#8217;s Cannabis Legalization Ballot At RNC: It Would Allow &#8217;80 Joints&#8217; A Day, Affecting Free Speech And Gun Rights</a>
<h2 class="wp-block-heading">DeSantis And GOP Bigwigs For &#8216;Vote No On 3&#8217; </h2>
Key figures in the campaign include James Uthmeier, DeSantis&#8217; chief of staff, who will participate on the Vote No on 3 board in a personal capacity, and Tre&#8217; Evers, a seasoned political consultant linked to DeSantis&#8217; presidential campaign efforts, is serving as the general consultant, noted the outlet.
The coalition argues that legalizing marijuana would bolster the black market and increase underage usage, while complicating the regulation of public marijuana consumption.
Supporters of Amendment 3, represented by Morgan Hill of <a href="https://www.benzinga.com/markets/cannabis/24/04/38313915/cannabis-in-florida-the-bellamy-brothers-tell-trulieve-ceo-we-rolled-a-fat-one-when-legalization" target="_blank" rel="noreferrer noopener">Smart &amp; Safe Florida</a>, argue that the initiative in fact offers a safer, regulated alternative to the current unregulated market, emphasizing consumer safety and freedom over criminalization.
<h2 class="wp-block-heading">Help From The Hemp Industry</h2>
Opposition to Amendment 3 is partly funded by a large contribution from hemp industry leaders, who recently <a href="https://www.benzinga.com/markets/cannabis/24/07/39760907/ron-desantis-floridas-gop-and-hemp-industry-pile-on-to-defeat-marijuana-legalization">donated $5 million</a> to the Republican Party of Florida after DeSantis&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/06/39243424/desantis-vetoes-bill-that-would-regulate-intoxicating-hemp-in-lifeline-to-industry-as-he-bashes-" target="_blank" rel="noreferrer noopener">vetoed a bill</a>&nbsp;in early June that would have limited and regulated the hemp industry. 
Vote No on 3 has not yet begun financial expenditures. The related Florida Freedom Fund recently reported approximately <a href="https://www.benzinga.com/markets/cannabis/24/06/39565658/desantis-anti-cannabis-florida-freedom-fund-raises-barely-a-fraction-of-legalization-committees-">$120,000 in campaign funds</a>, viewed as a drop in the bucket compared to over <a href="https://www.benzinga.com/markets/cannabis/24/06/39455304/desantis-fierce-opposition-notwithstanding-floridas-cannabis-legalization-amendment-shatters-all" target="_blank" rel="noreferrer noopener">$60 million</a> raised by Smart and Safe, the best-funded cannabis legalization amendment in American history. Much of the latter&#8217;s funding comes from Florida&#8217;s largest medical marijuana company <a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative" target="_blank" rel="noreferrer noopener">Trulieve</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>), which has reportedly spent more than $40 million to get the measure on the ballot.
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</ul>
Image created by El Planteo

Cannabis

Legal

TCNNF

DeSantis-Backed Group Launches To Defeat Cannabis Legalization In Florida, GOP Bigwigs Are All In

These eleven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) shares jumped 30.04% after reporting <a href="https://www.benzinga.com//node/39842408" target="_blank" rel="noreferrer noopener">better-than-expected Q2 financial results.</a></li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) stock upped 22.38% after the company announced it entered into a Stock and Asset Purchase Agreement to sell its Supreme brand to EssilorLuxottica (OTC: <a href="https://www.benzinga.com//node/39819517" target="_blank" rel="noreferrer noopener">ESLOF) for $1.5 billion in cash</a>. Several analysts raised <a href="https://www.benzinga.com//node/39837581" target="_blank" rel="noreferrer noopener">their price forecasts on VFC</a>.</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) shares grew 20.19% after the company announced that it achieved First LNG for its initial Fast LNG asset <a href="https://www.benzinga.com//node/39859500" target="_blank" rel="noreferrer noopener">located offshore Altamira, Mexico</a>.</li>
<li>Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) stock gained 16.06% in the last week amid a rise in the Bitcoin price.</li>
<li>Clarivate Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>) stock grew 14.41%. The company partnered with Ohio Libraries Partner to <a href="https://www.benzinga.com//node/39831429" target="_blank" rel="noreferrer noopener">enhance resource sharing by 2025</a>.</li>
<li>AMN Healthcare Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMN#NYSE">AMN</a>) stock rose 14.22%.</li>
<li>BankUnited, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) stock rose 13.42% after the company reported <a href="https://www.benzinga.com//node/39834218" target="_blank" rel="noreferrer noopener">better-than-expected Q2 financial results</a>.</li>
<li>Marathon Digital Holdings Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) stock soared 12.67% last week on the back of Bitcoin gains.</li>
<li>eXp World Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) stock was up 12.34%.</li>
<li>Zeta Global Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) was up 11.87% in the last week as <a href="https://www.benzinga.com/quote/ZETA/analyst-ratings" target="_blank" rel="noreferrer noopener">several analysts</a> raised their price forecasts on the stock.</li>
<li>NCR Atleos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NATL#NYSE">NATL</a>) shares increased 11.39%. The company disclosed that the $2.3 billion-asset Black Hills Federal Credit Union (BHFCU) has expanded its partnership with Atleos by selecting ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) <a href="https://www.benzinga.com//node/39813077" target="_blank" rel="noreferrer noopener">to enhance self-service banking</a>.</li>
</ol>
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<li><a href="https://www.benzinga.com/news/large-cap/24/07/39873480/warner-bros-discovery-coinbase-are-among-10-large-cap-stocks-that-shined-most-last-week-july-14-ju" target="_blank" rel="noreferrer noopener">Warner Bros. Discovery &amp; Coinbase Are Among 10 Large Cap Stocks That Shined Most Last Week (July 14-July 20): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/07/39873577/amd-and-dominos-pizza-were-among-11-worst-performers-in-large-cap-space-last-week-july-14-july-20-" target="_blank" rel="noreferrer noopener">AMD And Domino's Pizza Were Among 11 Worst Performers In Large Cap Space Last Week (July 14- July 20) – Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Mid Cap

Movers

General

CLVT

ESLOF

EXPI

GTLB

MARA

NATL

NYCB

RIOT

SGRY

VIRT

ZETA

Riot Platforms & North Face Parent V.F. Corp Are Among 11 Mid-Cap Stocks That Performed The Best Last Week (July 14-July 20): Are Others In Your Portfolio?

In a recent episode of <a href="https://www.benzinga.com/personal-finance/24/07/39714688/suze-orman-breaks-down-8-things-you-should-absolutely-do-with-your-inheritance-including-retirem">Suze Orman's "Women &amp; Money" podcast</a>, she shares some important advice about financial intimacy before a couple marries. Her advice primarily covers two critical tips: getting to know everything you can about your significant other's financial habits and avoiding debt at all costs.&nbsp;
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<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
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A study from the Institute for Divorce Financial Analysts reveals that money issues are a contributing factor behind at least 22% of divorces. Other sources say that anywhere between 20% and 40% of divorces stem from financial problems.&nbsp;
Orman shares that in her book "The Courage to Be Rich," a chapter called Love and Money highlights all the questions couples should ask one another before getting married. "So, before you get married, what do you do financially?" she asks. "You become as financially intimate with each other, you know, the person&#8217;s finance habits."&nbsp;
She suggests that couples should ask questions and discover everything they can about their partners&#8217; spending habits – like, are they a big tipper even if they don't have money? What are their <a href="https://www.benzinga.com/money/credit-score-ranges">credit scores</a>? Do they save money well?&nbsp;
"You have to make sure that when you do get married, you pay all the bills together, and you make all the investment decisions together," Orman says. She also states that <a href="https://www.benzinga.com/personal-finance/24/03/37879066/kevin-oleary-warns-couples-maintain-your-own-financial-identity-but-indiana-university-study-say">couples should have three bank accounts</a>: one for each person as well as a combined account.&nbsp;
See Also: General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50 per share.</a>
On financial intimacy, Orman points out that the family also plays a role, expressing that it's important to know what your expectations will be if you have a large family. "Are you expected to buy gifts and do all these things for all the family members on holidays and things like that? Regardless of your money, you have to know everything about them financially, intimately speaking."
Beyond financial intimacy, the second critical tip from Orman for financial success in marriage is to stay out of debt. "If all of a sudden you find that one of you is carrying a balance on your credit cards and only paying the minimum payment due, they have started going down the path of financial debt, credit card debt, which really can be the ruination of a relationship."&nbsp;
 Orman also states that couples shouldn't make large purchases without consulting their partner.
KT, Orman's co-host on the podcast, adds, "Financial intimacy is more difficult than personal intimacy. We both learned that from years and years of listening to what husbands, wives, partners, and spouses don&#8217;t know about each other."&nbsp;
Trending: Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> here&#8217;s how to get started investing in real estate with just $100</a>
Many couples struggle with understanding each other's financial situations, leading to misunderstandings and conflicts. <a href="https://www.benzinga.com/personal-finance/24/04/38360464/dave-ramsey-says-when-you-get-married-combine-all-money-preacher-didnt-say-and-now-youre-a-joint">Open communication about finances</a> can help couples avoid these pitfalls.
On a parting note regarding debt, Orman shares that it's important not to start a marriage by going into more debt. "One last thing, don&#8217;t spend a lot of money on a wedding. And if anybody has to finance the wedding by putting it on a credit card, you cannot afford it. You are denied, don&#8217;t do it, don&#8217;t do it, don&#8217;t do it."
By understanding each other's financial habits, sharing responsibilities, and making prudent financial decisions, couples can build a solid foundation for a successful marriage. Financial success in marriage requires open communication, mutual understanding, and a commitment to staying out of debt.
For personalized advice tailored to your specific situation, consulting a <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> can be invaluable in ensuring your financial strategies align with your long-term goals.&nbsp;&nbsp;&nbsp;
Read Next:
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<li>Mark Cuban believes &#8220;the next wave of revenue generation is around real estate and entertainment&#8221; —<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> this new real estate fund allows you to get started with just $100.</a></li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
</ul>

Suze Orman Shares Two Critical Tips For Financial Success When Getting Married – Says Arguments Over Money 'The Number One Reason For Divorce Today'

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>LPL Financial Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>) shares tumbled 20.16%. The company announced that financial advisor Alex Williams, CFP, has joined its broker-dealer, RIA, and custodial platforms to launch a <a href="https://www.benzinga.com//node/39837738" target="_blank" rel="noreferrer noopener">new independent practice, Stable Wealth</a>.</li>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stock decreased 17.82%. Shares of semiconductor and hardware stocks are trading lower amid a selloff in the sector, which has gained <a href="https://www.benzinga.com//node/39842530" target="_blank" rel="noreferrer noopener">this year amid AI momentum</a>.</li>
<li>Domino&#8217;s Pizza Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) stock dived 17.78% after the company <a href="https://www.benzinga.com//node/39834307" target="_blank" rel="noreferrer noopener">reported mixed Q2 results</a>. Several analysts cut the price <a href="https://www.benzinga.com/quote/dpz/analyst-ratings" target="_blank" rel="noreferrer noopener">target on the stock</a>.</li>
<li>ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) shares were down 17.64% <a href="https://www.benzinga.com//node/39808860" target="_blank" rel="noreferrer noopener">following soft Q3 guidance</a>.</li>
<li>Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) shares plummeted 17.07%  after the company reported <a href="https://www.benzinga.com//node/39793390" target="_blank" rel="noreferrer noopener">second-quarter 2024 results</a>. Several analysts <a href="https://www.benzinga.com//node/39819032" target="_blank" rel="noreferrer noopener">cut their estimates on the stock</a>.</li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) stock was down 15.38%.</li>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock lost 15.24% last week amid reports President Biden is considering further China restrictions.</li>
<li>Onto Innovation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) shares decreased 15.22%.</li>
<li>Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) stock fell 14.64% amid reports Biden is considering further China restrictions. The semiconductor sector was also down <a href="https://www.benzinga.com//node/39808860" target="_blank" rel="noreferrer noopener">following soft Q3 guidance</a> from ASML.</li>
<li>Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) stock declined 14.14% amid reports Biden is considering further China restrictions. The semiconductor sector was also down <a href="https://www.benzinga.com//node/39808860" target="_blank" rel="noreferrer noopener">following soft Q3 guidance</a> from ASML.</li>
<li>Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) stock fell 14.01%. Shares of several semiconductor stocks are trading lower amid reports President Biden is considering further China restrictions and following Republican nominee Donald Trump&#8217;s comments regarding the China-Taiwan <a href="https://www.benzinga.com//node/39819145" target="_blank" rel="noreferrer noopener">standoff in an interview</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/07/39873480/warner-bros-discovery-coinbase-are-among-10-large-cap-stocks-that-shined-most-last-week-july-14-ju" target="_blank" rel="noreferrer noopener">Warner Bros. Discovery &amp; Coinbase Are Among 10 Large Cap Stocks That Shined Most Last Week (July 14-July 20): Are The Others In Your Portfolio?</a></li>
</ul>
Photo courtesy of AMD

Large Cap

AMAT

ASML

CDNS

LPLA

LRCX

ONTO

SCHW

SMCI

AMD And Domino's Pizza Were Among 11 Worst Performers In Large Cap Space Last Week (July 14- July 20) - Are The Others In Your Portfolio?

An IT outage, triggered by a faulty update from cybersecurity firm CrowdStrike (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), has caused widespread disruptions to various services worldwide, <a href="https://www.benzinga.com/markets/equities/24/07/39871636/crowdstrike-issues-statement-following-massive-outage-that-stemmed-from-content-update-for-windo">impacting millions of Windows users</a>.
What Happened: The outage, which occurred on Friday, resulted in significant disruptions to air travel, banking services, and television broadcasts. 
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) revealed on Saturday that the outage affected less than 1% of Windows users globally, which equates to approximately 8.5 million machines.
In a blog <a href="https://blogs.microsoft.com/blog/2024/07/20/helping-our-customers-through-the-crowdstrike-outage/">post</a>, Microsoft highlighted the widespread impact of the outage, attributing it to the extensive use of CrowdStrike by businesses running critical services. 
&#8220;This incident demonstrates the interconnected nature of our broad ecosystem — global cloud providers, software platforms, security vendors and other software vendors, and customers,&#8221; Microsoft shared in the post. &#8220;It&#8217;s also a reminder of how important it is for all of us across the tech ecosystem to prioritize operating with safe deployment and disaster recovery using the mechanisms that exist.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country">Microsoft Outage Wreaks Havoc On World As 911, International Airlines, Banks And Airport Services Disrupted</a>
The incident underscores the market dominance of both Microsoft and CrowdStrike, with Windows holding about 72% of the global operating system market share and CrowdStrike nearly 24% in the endpoint protection security category, as reported <a href="https://www.businessinsider.com/1-percent-windows-machines-affected-by-crowdstrike-outage-2024-7">by</a> Business Insider.
The faulty update released by CrowdStrike specifically affected Windows software, leaving Mac and Linux machines unaffected. 
The ensuing chaos forced airlines and hotels to revert to pen and paper for recording information, and some European hospitals had to cancel medical services.
Although CrowdStrike CEO George Kurtz announced that the issue had been &#8220;identified, isolated, and a fix has been deployed,&#8221; experts warn that it could take weeks for companies with limited IT personnel to resolve the issue on all devices.
Why It Matters: This incident highlights the vulnerability of global systems to IT outages and the potential consequences of such disruptions. The widespread impact of this outage, affecting critical services such as air travel and banking, underscores the importance of robust cybersecurity measures and the need for contingency plans in the event of such failures. 
The fact that it could take weeks for some companies to resolve the issue underlines the extent of the problem and the potential for ongoing disruptions. 
This incident serves as a stark reminder of the reliance of modern society on technology and the potential risks this poses.
See Also: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39870313/microsoft-crowdstrike-issue-caused-largest-it-outage-in-history-showing-how-much-we-depend-on-a-hand">Microsoft-CrowdStrike Issue Caused &#8216;Largest IT Outage In History,&#8217; Showing How Much We Depend On A Handful Of Companies</a></li>
</ul>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Tech

CRWD

MSFT

CrowdStrike Outage Impacted Less Than 1% Of Windows Devices But Still Managed To Wreak Havoc: Report

A 1983 presentation by Apple founder Steve Jobs reveals that he had foreseen the advent of AI chatbots, a technology that is <a href="https://www.benzinga.com/news/23/04/31718997/tim-cook-shares-the-one-thing-hes-copied-from-steve-jobs-as-apples-ceo-he-expected-it-everywhere-in">now transforming the world.</a>
What Happened: According to a digital exhibit from the Steve Jobs Archive, which features footage from a talk Jobs delivered at the International Design Conference in Aspen in 1983, Jobs spoke about the potential of a technology capable of answering questions and thinking like a human.
Jobs compared this technology to a book, which he termed as a &#8220;phenomenal thing&#8221; that could go &#8220;right from the source to the destination without anything in the middle,&#8221; <a href="https://www.businessinsider.com/steve-jobs-predicted-chatgpt-over-40-years-ago-new-footage-2024-7">reported</a> Business Insider.
However, he identified the absence of interaction as a limitation and envisioned a future where machines could embody an &#8220;underlying spirit&#8221; or &#8220;set of principles.&#8221;
Also Read: <a href="https://www.benzinga.com/news/23/03/31427263/steve-jobs-shares-words-of-wisdom-youve-got-to-find-what-you-love-stay-hungry-stay-foolish">Steve Jobs Shares Words of Wisdom: &#8216;You&#8217;ve Got To Find What You Love, Stay Hungry, Stay Foolish&#8217;</a>
&#8220;I think as we look towards the next 50 to 100 years, if we really can come up with these machines that can capture an underlying spirit, or an underlying set of principles, or an underlying way of looking at the world, then when the next Aristotle comes around, maybe if he carries around one of these machines with him his whole life, his or her whole life, and types in all this stuff, then maybe someday after the person is dead and gone, we can ask this machine, &#8216;Hey, what would Aristotle have said? What about this,'&#8221; he said in the footage. 
Fast forward to the present, AI firms are creating chatbots such as ChatGPT that can respond to user inquiries, occasionally even mimicking renowned historical figures.
Why It Matters: The prediction made by Jobs over four decades ago underscores his visionary thinking and the foresight he had about the future of technology. 
The emergence and advancement of AI chatbots today are a testament to Jobs&#8217; prediction and reflect his profound understanding of technology and its potential impact on society.
The fact that Jobs&#8217; vision is being realized today, over 40 years later, speaks volumes about his innovative mindset and his ability to foresee technological trends.
See Also:
<ul>
<li><a href="https://www.benzinga.com/news/23/10/35256969/elon-musk-vs-steve-jobs-walter-isaacson-delves-into-the-minds-of-two-tech-titans">Elon Musk Vs. Steve Jobs: Walter Isaacson Delves Into The Minds Of Two Tech Titans</a></li>
</ul>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Flickr/ Tom Coates

Steve Jobs Predicted The Emergence Of ChatGPT — More Than 4 Decades Ago

After Tesla CEO Elon Musk <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39787013/will-elon-musks-endorsement-of-trump-impact-tesla-this-veteran-analyst-thinks-so-he">endorsed him following a failed assassination attempt</a> at a rally in Pennsylvania, Donald Trump spoke about Musk during a campaign speech in Michigan on Saturday, expressing his admiration for the billionaire tech entrepreneur.
Loves Elon: &#8220;I love Elon Musk,&#8221; said Trump at the rally, a video clip of the speech shared by a Tesla influencer <a href="https://x.com/SawyerMerritt/status/1814790937236718026">showed.</a> 
The former president also clarified his electric-vehicle stance, saying that he is fully for them. 
&#8220;But whatever the market says and if it's 10% of the market 12%, 7%, 20%, whatever it is, it's okay. You can't have 100% electric cars,&#8221; he said. &#8220;Every time, I call him he's talking about &#8216;I got a new idea for a rocket you have to hear this.'&#8221; 
Musk also runs SpaceX, a company founded in 2002 that focuses on spacecraft manufacturing, space launches, and satellite communications. The company&#8217;s main goals are to reduce the cost of space travel and to facilitate the colonization of Mars.
Trump described SpaceX&#8217;s technology as being far more advanced than what the government could achieve.
&#8220;I'm watching television like three years ago and I see a rocket engine &#8230; come down landing straight up — no wings, no nothing — and it's landing,&#8221; he said. &#8220;It&#8217;s landing on a barge in the middle of the ocean and then another one comes down and another one, another one, I guess four of them came down, three or four, and they land upright.&#8221;
&#8220;I'd never seen that before. Now that with government, you wouldn't see that for another 50 to 100 years, but it was Elon,&#8221; Trump said.
The Republican presidential candidate said he called Musk to ask what he had just seen.
&#8220;I said that's the coolest thing I've ever seen and you say how long would it take government to come up with that one. I don't think they ever heard of it and perhaps they still haven't heard of it,&#8221; Trump told the crowd. 
Voicing his support for Musk, Trump added, &#8220;We have to make life good for our smart people you know. We have some smart people. We have to make life good for our smart people, and he's as smart as you get.&#8221; 
Read Next: <a href="https://www.benzinga.com/startups/24/07/39867565/trump-vance-administration-will-be-terrible-for-tesla-says-bear-elon-musk-has-completely-alienated-m">Trump-Vance Administration Will Be &#8216;Terrible&#8217; For Tesla, Says Bear: Elon Musk &#8216;Has Completely Alienated Most Of His Buying Base&#8217;</a>
On Musk&#8217;s Endorsement, EVs: Trump said he read that Musk had pledged $45 million a month to his campaign, but Musk did not mention it to him.
&#8220;I talked to him just a little while ago to say I was coming here &#8230; and he didn't even &#8230; mention [the pledge],&#8221; Trump said.
&#8220;No, this Is a great guy, he really is, but you know, he's never mentioned to me why are you hitting the electric vehicles because he understands I'm not hitting it,&#8221; Trump said.
The former president appeared to reverse his previous stance on EVs, praising them and stating that he finds them impressive. However, he noted that EVs might not be suitable for everyone, particularly those who need to drive long distances, likely referencing concerns about range and charging infrastructure.
Trump had announced at the the Republican party's national convention last week that <a href="https://www.benzinga.com/news/24/07/39854007/trump-says-he-will-end-the-electric-vehicle-mandate-on-day-one-days-after-tesla-ceo-elon-musks-endor">he would &#8220;end the electric vehicle mandate on day one.&#8221;</a> The move, according to the former president, would save the U.S. auto industry from &#8220;complete obliteration&#8221; and consumers &#8220;thousands and thousands&#8221; of dollars per car.
See Also:
<ul>
<li><a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best EV Stocks</a></li>
</ul>
Photo: Shutterstock

Media

Elon Musk Is 'As Smart As You Get,' Says Trump, As Ex-President Tones Down EV Rhetoric

Former White House Communications Director Anthony Scaramucci weighed in on the chances of <a href="https://www.benzinga.com/topic/joe-biden">President Joe Biden </a>winning a second term in a podcast on Wednesday.
Strong Liar Vs. Weak Confidence: &#8220;We have a 2024 presidential candidate that is showing signs of aging, we have a presidential candidate that can&#8217;t read off the teleprompter,&#8221;<a href="https://www.youtube.com/watch?v=zx4SRkRbkkk&amp;t=1007s"> said</a> Scaramucci on the Rest In Politics US podcast, which he co-hosts with British journalist Katty Kay.
&#8220;Strong liar versus weak confidence. United States is going to go with strong liar,&#8221; he said, adding that Biden is now going to lose.
The entrepreneur and founder of investment firm SkyBridge Capital said he thought Biden would be brave enough to step down. 
&#8220;I thought he would look at the situation and say if we went with a [Gavin] Newsom, [JB] Pritzker, [Gretchen] Whitmer or even a Kamala Harris, we might have a better chance,&#8221; he added.
The ex-White House aide said the president was being disingenuous by stating that 14 million people voted for him to be the nominee and that he was listening to them.
&#8220;They talk about democracy and the preservation of our democracy, why not open the party primary system? Why not give Robert Kennedy Jr. a chance to compete?&#8221; he asked.
Scaramucci said he doesn&#8217;t want Donald Trump to be president because of Trump&#8217;s mendacity and worldview. But if Democrats can win the election, they can &#8220;extinguish large elements of Trumpism. That movement, part of that movement will fall off the cliff,&#8221; he said.
&#8220;You&#8217;re not going to be able to do it if you don&#8217;t have a surrogate or an advocate uh at the top of the food chain that can make the case,&#8221; he added.
See Also: <a href="https://www.benzinga.com/startups/24/07/39867565/trump-vance-administration-will-be-terrible-for-tesla-says-bear-elon-musk-has-completely-alienated-m">Trump-Vance Administration Will Be &#8216;Terrible&#8217; For Tesla, Says Bear: Elon Musk &#8216;Has Completely Alienated Most Of His Buying Base&#8217;</a>
Democrats&#8217; Hypocrisy: Scaramucci also slammed the hypocrisy of the Democratic camp. 
&#8220;If Donald Trump is an existential threat to the democracy, is it hypocritical then to say, well, I&#8217;m going to wait [till 2028],&#8221; he said, adding that &#8220;the hypocrisy of these political leaders is absolutely sickening.&#8221;
The financier and businessman said in addition to the possibility of the House and the Senate being lost, there is the potential for state and local legislatures to flip red. 
&#8220;If they go Republican, they have a lot of a lot of power in terms of redistricting &#8230; this would create more power for the Republicans, so even though they have less registrants, they could control more seats in the House of Representatives,&#8221; he said.
He also questioned why Biden is allowing the Democratic party to falter instead of helping his party and preserving his legacy.
Why It&#8217;s Important: <a href="https://www.benzinga.com/general/politics/24/07/39864062/will-joe-biden-drop-out-of-2024-white-house-race-who-replaces-him-on-democratic-ticket-mark-cuba">Rumors of Biden stepping out of the race have gained momentum</a>. On Thursday, Newsmax commentator Mark Halperin <a href="https://x.com/MarkHalperin/status/1814049842790006837">said,</a> citing multiple sources, that Biden plans to withdraw from the presidential election as early as this weekend, with the announcement coming as early as Sunday.
He also said Biden might not resign as president or endorse Harris. In an open convention, Harris and three others would likely contest for the nomination, he added.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/best-depression-stocks">Best Depression Stocks</a></li>
</ul>
Photo: Shutterstock

Anthony Scaramucci Says If Democrats Win, They Can 'Extinguish Large Elements Of Trumpism' But 'You're Not Going To Be Able To Do It If You Don't...'

Entrepreneur and investor&nbsp;<a href="https://www.benzinga.com/topic/mark-cuban">Mark Cuban</a>&nbsp;is one of the most well-known figures in the business and sports worlds. Cuban is also pretty open to sharing advice and tips on how to make money and potentially become a millionaire.
What Happened: Cuban is well known for his<a href="https://www.benzinga.com/general/sports/23/12/36402593/mark-cubans-slam-dunk-deal-mavericks-majority-stake-sale-clears-the-net-whats-the-next-play"> ownership of the </a>NBA's Dallas Mavericks and in recent years for his commentary on cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
Cuban led the way with the Dallas Mavericks becoming one of the first sports teams<a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31311605/if-you-invested-1-000-in-dogecoin-when-mark-cuban-and-the-dallas-mavericks-welcomed-the-me"> to accept Dogecoin</a> as a form of payment back in March 2021. 
The five-year chart <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent072124">from Benzinga Pro </a>below shows Dogecoin surging from March to May 2021 before falling after hitting all-time highs. Dogecoin has fallen in recent years, but remains higher than when Cuban led the initiative.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent072124"><img loading="lazy" decoding="async" width="596" height="480" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19173520/Screenshot-75.png" alt="" class="wp-image-446757" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19173520/Screenshot-75.png 596w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19173520/Screenshot-75-300x242.png 300w" sizes="(max-width: 596px) 100vw, 596px" /></a></figure>
Investing in cryptocurrencies like Dogecoin has helped some people become millionaires, but like other investments requires levels of patience, luck and can be risky. 
For everyone else, Cuban has some advice that could lead to becoming a millionaire. 
In 2022, Cuban shared four rules to making money and becoming a millionaire in an interview with&nbsp;<a href="https://www.gq.com/video/watch/first-million-gq-sports-my-first-million-mark-cuban" target="_blank" rel="noreferrer noopener">GQ</a>, as shared by&nbsp;<a href="https://www.cnbc.com/2022/12/18/mark-cuban-simple-rules-for-making-money-becoming-millionaire.html?utm_term=Autofeed&amp;utm_medium=Social&amp;utm_content=Intl&amp;utm_source=Facebook&amp;fbclid=IwAR1Yxtyqv6lCRGMyPrVM7QBr4u994gI7NdBtOohtDFtIubCUpbncTQKZ0jU#Echobox=1674052744" target="_blank" rel="noreferrer noopener">CNBC</a>.&nbsp;
"If you want to be a millionaire, you can do it, but there's a couple things you have to be able to accomplish," Cuban said.
Rule 1: "Find something you can be good at. Then, be great at it." Cuban's first rule is possibly the most important, as a person needs to focus on their strengths and develop those skills as&nbsp;their focus area. This could be a certain vocation, a sport or creating content. A passion for something can often translate into&nbsp;putting in the necessary work and effort to be successful.
Rule 2: "Know how to sell." Cuban&nbsp;<a href="https://www.cnbc.com/2022/11/13/mark-cuban-used-a-14-second-pitch-to-make-money-at-his-first-sales-job.html" target="_blank" rel="noreferrer noopener">sold&nbsp;</a>trash bags door-to-door when he was 12 years old, CNBC reported. This was done by Cuban to earn money to buy sneakers. Cuban bought the trash bags for $3 and sold them for $6. Part of Cuban's sales pitch was the offer to be available by phone whenever someone needed the trash bags and the offer of delivering them in his wagon.
Read Also: <a href="https://www.benzinga.com/general/education/24/04/38050537/mark-cuban-on-guns-immigration-sleeping-habits-and-his-favorite-word-it-makes-my-day">Mark Cuban On Guns, Immigration, Sleeping Habits And His Favorite Word — &#8216;It Makes My Day&#8217;</a>
Rule 3: "Be curious and always learning." Finding something a person is good at and becoming great is a key step. Another key step might be to continue learning and getting better at the subject or skill. Cuban has preached over the years that people should be willing to continue learnings and striving to improve.
Rule 4: "When you walk into a room, you (need to know) your s&#x2A;&#x2A;&#x2A; better than anyone else in the room."
Cuban said that this is the important step before starting your own company and being able to "control your own destiny."
Cuban has often shared that many times great leaders and businessmen fail several times before making it. Cuban said it doesn't matter how many times you fail, since being right only one time can be the difference in life.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/03/37709955/mark-cuban-shares-top-qualities-employees-need-to-have-two-things-that-matter-the-most">Mark Cuban Shares Top Qualities Employees Need To Have: &#8216;Two Things That Matter The Most&#8217;</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Photo: Shutterstock

Education

Entrepreneurship

$BTC

$DOGE

Mark Cuban Reveals 4 Rules To Becoming A Millionaire: 'Find Something You Can Be Good At. Then...'

The Internal Revenue Service and Treasury Department have released final regulations updating required minimum distribution (RMD) rules for beneficiaries under the 10-year rule.
These regulations, stemming from the SECURE and SECURE 2.0 Acts, confirm that most IRA beneficiaries must take distributions annually over the 10-year period following the account holder&#8217;s death, according to <a href="https://www.thinkadvisor.com/2024/07/19/irs-releases-final-rmd-regs-on-10-year-rule/">thinkadvisor</a>. 
Key points from the final regulations include:
<ol>
<li>Non-eligible designated beneficiaries subject to the 10-year rule must take RMDs each year.</li>
<li>Beneficiaries of individuals who started required annual distributions must continue these distributions, even if the account balance is fully distributed within 10 years.</li>
</ol>
Ben Henry-Moreland, senior financial planning nerd at Kitces.com, notes that while these rules aren&#8217;t game-changing for planning, they make retirement accounts &#8220;even more insanely complicated.&#8221; For instance, spousal beneficiaries now have three different options for treating their deceased spouse&#8217;s retirement account, each with its own RMD calculation.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39865226/netflix-analysts-praise-q2-earnings-but-are-cautious-on-advertising-growth-slower-t">Netflix Analysts Praise Q2 Earnings, But Are Cautious On Advertising Growth: &#8216;Slower Than NFLX Planned&#8217;</a>
Jeff Levine, lead financial planning nerd at Kitces.com, highlights that annual distributions during the 10-year rule are required if death occurred on or after the required beginning date (RBD). However, due to previous IRS notices, this rule won&#8217;t apply until 2025.
The IRS and Treasury also issued proposed regulations addressing additional RMD issues under the SECURE 2.0 Act. They are soliciting public comments on these proposed rules, which cover other changes related to RMDs.
Experts note that while these regulations clarify many issues, they also add complexity to retirement account management. Advisors will need to stay informed about these intricate rules to provide valuable guidance to clients navigating retirement planning and inherited accounts.
The financial planning community is now anticipating further guidance on other SECURE 2.0 provisions, such as rollovers of unused 529 plan funds to Roth IRAs.
These new regulations underscore the evolving landscape of retirement planning and the increasing importance of specialized knowledge in navigating complex tax rules for retirement accounts.
Read Next:
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Image via Unsplash

Financial Advisors

Government

IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things 'Even More Insanely Complicated'

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) stock escalated 18.28% after a report that the company had discussed plans to split its digital streaming and studio businesses <a href="https://www.benzinga.com//node/39838603" target="_blank" rel="noreferrer noopener">from its legacy television networks</a>.</li>
<li>MicroStrategy Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock gained 16.74% last week amid a rise in Bitcoin&#8217;s price.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares surged 12.91% after the company reported better-than-expected&nbsp;Q3&nbsp;financial results and revised FY24&nbsp;guidance. The company also authorized <a href="https://www.benzinga.com//node/39845136" target="_blank" rel="noreferrer noopener">a new&nbsp;$4 billion&nbsp;share repurchase</a>. Few analysts raised the <a href="https://www.benzinga.com/quote/dhi/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>
<li>Coinbase Global Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock gained 12.39% last week, helped by the rise in the price of Bitcoin.</li>
<li>Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OQL#NYSE">OQL</a>) gained 7.89% after Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-16/blue-owl-to-buy-private-credit-firm-atalaya-adding-10-billion-in-assets?sref=2h1zKciy" target="_blank" rel="noreferrer noopener">reported</a> that it plans to Buy Atalaya for ~$800 million.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) stock increased 7.84% following <a href="https://www.benzinga.com//node/39790051" target="_blank" rel="noreferrer noopener">a&nbsp;Q2&nbsp;earnings beat</a>. Many analysts raised <a href="https://www.benzinga.com//node/39814804" target="_blank" rel="noreferrer noopener">the price forecasts on the stock</a>.</li>
<li>State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) surged 7.21% following <a href="https://www.benzinga.com//node/39795949" target="_blank" rel="noreferrer noopener">better-than-expected&nbsp;Q2&nbsp;financial results</a>. Several analysts changed <a href="https://www.benzinga.com//node/39822388" target="_blank" rel="noreferrer noopener">their price forecasts for the stock</a>.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) shares increased 7.07% in sympathy with other homebuilders stocks.</li>
<li>Toast Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) stock upped 7.05% last week after Mizuho <a href="https://www.benzinga.com/quote/TOST/analyst-ratings" target="_blank" rel="noreferrer noopener">upgraded the stock</a> from Neutral to Outperform and raised its price target from $21 to $33.</li>
<li>EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) shares grew 6.97% after Jefferies analyst upgraded <a href="https://www.benzinga.com/quote/epam/analyst-ratings" target="_blank" rel="noreferrer noopener">the stock from Hold to Buy</a>.</li>
</ol>
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<li><a href="https://www.benzinga.com/news/large-cap/24/07/39873577/amd-and-dominos-pizza-were-among-11-worst-performers-in-large-cap-space-last-week-july-14-july-20-">AMD And Domino&#8217;s Pizza Were Among 11 Worst Performers In Large Cap Space Last Week (July 14- July 20) &#8211; Are The Others In Your Portfolio?</a></li>
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Photo by rafapress on Shutterstock

COIN

EPAM

INFY

LEGN

MSTR

TOST

VTRS

Warner Bros. Discovery & Coinbase Are Among 10 Large Cap Stocks That  Shined Most Last Week (July 14-July 20): Are The Others In Your Portfolio?

Past comments from new vice-presidential candidate J.D. Vance calling to break-up Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) have resurfaced and could point to concerns for<a href="https://www.benzinga.com/general/politics/24/07/39826475/trumps-new-running-mate-j-d-vance-wants-to-break-up-google-could-2024-election-be-bad-for-big-te"> big technology companies.</a>
One market strategist isn't worried about the comments or concerns though.
What Happened: The <a href="https://www.benzinga.com/general/politics/24/07/39780777/trump-picks-senator-j-d-vance-as-running-mate-musk-says-great-choice-for-vp">selection of Vance</a> as Donald Trump's running mate could impact several sectors, especially the cryptocurrency industry, which appreciates his pro-crypto stance and Bitcoin holdings.
A call to break up Google could be seen as a negative for big tech companies and could complicate the approval of mergers and acquisitions if Trump is re-elected.
Freedom Capital Markets Chief Global Strategist Jay Woods, however, isn't too concerned.
"I've thought about this one a lot as a Google shareholder," <a href="https://x.com/jaywoods3">Woods </a>told Benzinga.
The market strategist said a break-up of Google could be epic and reminds him of the Baby Bell breakups that happened previously in the communications sector.
Still, Woods doesn't see Vance being influential in breaking up the company. He noted that vice-presidential picks make headlines for a week and then fade from attention.
"Trump is going to be the one riding this train."
Woods said Trump has been in favor of deals that President Joe Biden has pushed back on.
The market strategist mentioned the airline merger between JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) and Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) <a href="https://www.benzinga.com/news/24/01/36653264/biden-hails-judges-decision-to-block-spirit-jetblue-merger-capitalism-without-competition-isnt-capit">as an example</a>.
Read Next: <a href="https://www.benzinga.com/general/politics/24/07/39866579/exclusive-market-strategist-predicts-4-winning-sectors-based-on-trump-or-biden-2024-election-vic">EXCLUSIVE: Market Strategist Predicts 4 Winning Sectors Based On Trump Or Biden 2024 Election Victory</a>
Why It's Important: Woods said he doesn't believe a Trump administration would prioritize breaking up Google or other major tech companies.
However, the market strategist noted that it&#8217;s worth watching, as big tech companies could potentially benefit from splitting off assets.
However, the market strategist noted that it&#8217;s worth watching, as big tech companies could potentially benefit from splitting off assets.
Woods called YouTube the giant that Google got a great deal on.
Earlier this year, Vance tweeted, &#8220;It's time to break Google up. This matters far more than any other election integrity issue. The monopolistic control of information in our society resides with an explicitly progressive technology company."
Vance has praised Federal Trade Commission Chair Lina Khan, a Biden appointee. In contrast, Republicans have criticized Khan for blocking tech deals.
"I look at Lina Khan as one of the few people in the Biden administration that I actually think is doing a pretty good job," Vance said.
One of the reasons Vance opposes big tech is the perceived control these companies have over online speech. He alleged that Google shows search results &#8220;biased towards Democrats,&#8221; calling this a &#8220;threat to democracy.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39799850/5-things-you-might-not-know-about-j-d-vance-hillbilly-elegy-author-bitcoin-holder-first-mi">5 Things You Might Not Know About J.D. Vance: &#8216;Hillbilly Elegy&#8217; Author, Bitcoin Holder, First Millennial VP Pick And More</a></li>
</ul>
Photo: Shutterstock

Exclusives

Trading Ideas

GOOG

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Trump VP Pick J.D. Vance 'Worth Watching' For Potential Google Breakup, Market Strategist Says Not A Primary Concern With Trump Leading The Way

As the week wraps up, the political landscape is buzzing with speculations about former President Donald Trump&#8217;s potential second term. The implications of this possibility have sent ripples across various sectors, from the global economy to U.S. politics. Here&#8217;s a quick roundup of the key stories that have emerged over the weekend.
Trump&#8217;s Taiwan Comments Rattle Markets
Trump&#8217;s recent suggestion that Taiwan should pay the U.S. for its protection against China has raised eyebrows and concerns about the future of U.S. support for Taiwan. The comments led to an 8% drop in shares of Taiwan-based AI chip giant Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), impacting stocks of TSMC buyers such as Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
<a href="https://www.benzinga.com/markets/equities/24/07/39837493/trump-says-taiwan-should-pay-for-its-defense-to-us-but-if-china-invades-taipei-it-will-be-catast">Read the full article here.</a>
Analysts Warn of Global Inflation
Analysts are voicing concerns that Trump&#8217;s potential second term and his &#8220;America-first&#8221; policies could trigger a surge in global inflation. Michael Metcalfe, head of macro strategy at State Street Global Markets, suggests that Trump&#8217;s policies could be more inflationary in a second term.
<a href="https://www.benzinga.com/news/24/07/39810934/trumps-second-term-could-trigger-global-inflation-warn-analysts-2024-2025-is-going-to-be-very-differ">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39837493/trump-says-taiwan-should-pay-for-its-defense-to-us-but-if-china-invades-taipei-it-will-be-catast?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says Taiwan Should Pay For Its Defense To US, But If China Invades Taipei, It Will Be &#8216;Catastrophic&#8217;</a>
Trump&#8217;s Win Could Impact Senate Control
Wharton Professor Jeremy Siegel predicts that if Trump wins the upcoming election, the Democrats may not be able to retain control of the Senate. Siegel&#8217;s analysis suggests a potential 50:50 split.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39792319/democrats-cant-retain-senate-if-trump-wins-predicts-wharton-professor-jeremy-siegel">Read the full article here.</a>
Trump&#8217;s RNC Address
In his speech at the Republican National Convention, Trump urged Democrats to stop the "partisan witch hunts" against him, criticized Nancy Pelosi, and made claims about North Korean leader Kim Jong Un.
<a href="https://www.benzinga.com/news/24/07/39853222/trump-blasts-crazy-nancy-pelosi-vows-to-end-inflation-and-claims-kim-jong-un-misses-him-in-rnc-addre">Read the full article here.</a>
Scaramucci&#8217;s Cautionary Words
As fund managers and billionaires rally behind Trump, former White House Director Anthony Scaramucci has expressed caution, suggesting that their support may be based on a superficial analysis and could have negative implications for America and the world.
<a href="https://www.benzinga.com/news/24/07/39811211/as-billionaire-boys-go-all-in-for-trump-anthony-scaramucci-has-word-of-caution-tonic-they-are-prescr">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/etfs/sector-etfs/24/07/39837570/unemployment-claims-rise-more-than-expected-boosting-hopes-for-rate-cuts-as-cracks-in-labor-mark?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Unemployment Claims Rise More Than Expected, Boosting Hopes For Rate Cuts As Cracks In Labor Market Emerge</a></li>
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Image generated via Midjourney
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>

Economics

AAPL

Trump's Taiwan Comments Rattle Markets, Analysts Warn Of Global Inflation And More: This Week In Economics

Republican presidential nominee <a href="https://www.benzinga.com/news/24/07/39764815/trump-responds-to-bidens-call-for-unity-following-assassination-attempt-unite-america">Donald Trump&#8217;s message at the party convention about unity</a> was not received well by his niece Mary Trump.
Not Capable: &#8220;The man who launched a violent attack on the United States Capitol because he couldn't handle losing an election does not actually give a damn about unity,&#8221; said Mary Trump in a <a href="https://marytrump.substack.com/p/what-the-hell-just-happened?utm_source=post-email-title&amp;publication_id=559646&amp;post_id=146802584&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;r=rkloa&amp;triedRedirect=true&amp;utm_medium=email">Substack</a> post on Thursday. 
Newspapers have portrayed the former president as if &#8220;he were a new person, the kind of guy who wants to bury hatchets and do what's best for all Americans,&#8221; she said.
The psychologist said her uncle was the same &#8220;cruel man&#8221; she has always known — one who got police officers injured by allegedly inciting violent insurrectionists to attack the Capitol, who was behind the Supreme Court&#8217;s overturning of the Roe vs. Wade ruling, and who sexually assaulted and defamed E. Jean Carroll. She also blamed Donald Trump for siding with enemies of the country and wanting to deport millions of people.
See Also: <a href="https://www.benzinga.com/news/24/07/39854646/anthony-scaramucci-says-jd-vances-quest-to-wall-us-off-from-rest-of-world-could-be-an-economic-disas">Anthony Scaramucci Says JD Vance&#8217;s Quest To Wall US Off From Rest Of World Could Be An Economic Disaster: &#8216;He&#8217;s Going To Be Annihilated By Donald Trump Because He Is&#8230;&#8217;</a>
Media Narrative: The corporate media is focused on creating a narrative that will run Joe Biden out of the race, Mary Trump said. 
&#8220;Hard questions about multiple accusations against Donald for sexual assault and harassment, as well as his actually having been adjudicated a rapist, or what he was doing during the attack on the Capitol just don't get asked, as if they're ancient history and have no bearing on the upcoming election,&#8221; she said.
Mary Trump also weighed in on the implications of a potential second term for her uncle. 
&#8220;Nobody will be safe in the coming years, but a handful of mind-bogglingly wealthy oligarchs think they can ride out any storm,&#8221; she said.
Mary Trump called this week &#8220;deeply upsetting&#8221; as it gave a preview of what would come if her uncle wins. She also noted that, over the last week, Donald Trump spent time with Tucker Carlson, a &#8220;white supremacist,&#8221; and Robert Kennedy Jr., &#8220;an anti-vaxxer who has also been accused of sexual assault.&#8221;
&#8220;All of these deplorable, anti-American fascists will be given an open invitation to infiltrate and then destroy the federal government,&#8221; Mary Trump said, adding &#8220;That plan that is explicitly laid out in Donald's Project 2025.&#8221; 
&#8220;They will pledge their loyalty to Donald, not our country or to our Constitution. They will hurt countless Americans, and they will take sick pleasure in doing so,&#8221; she added.
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Photo: Shutterstock

Trump's Niece Says 'Nobody Will Be Safe' In Potential Second Term For Ex-President: 'That Is Explicitly Laid Out In Donald's Project 2025'

The past week was a rollercoaster ride for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a series of developments that kept the tech giant in the headlines. From production delays impacting the iPhone 17 to the rollout of the first iOS 18 public beta, Apple&#8217;s week was filled with highs and lows. Here&#8217;s a recap of the top stories.
Apple Skips TSMC&#8217;s 2nm Chip For iPhone 17
A reliable source on Weibo revealed that Apple will not be using Taiwan Semiconductor&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) 2-nanometer chip technology for its upcoming iPhone 17 series. Instead, the tech giant will opt for a more refined 3nm chip manufactured by TSMC. The source criticized previous reports claiming the use of the 2nm chip, calling them the work of &#8220;unscrupulous media outlets.&#8221;
<a href="https://www.benzinga.com/markets/equities/24/07/39790358/production-delays-force-apple-to-skip-tsmcs-2nm-chip-for-iphone-17-report">Read the full article here.</a>
Apple Unveils First iOS 18 Public Beta
After its introduction at the Worldwide Developers Conference (WWDC) in June, Apple has started rolling out the first iOS 18 public beta to eligible iPhones. The new version brings a host of new features, including home screen customization, a revamped Control Center, and an all-new Photos app.
<a href="https://www.benzinga.com/news/24/07/39787448/apple-rolls-out-first-ios-18-public-beta-with-home-screen-customization-and-more-heres-how-you-can-g">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/07/39742991/elon-musk-surprised-to-learn-tesla-influencer-earns-50-100-times-more-at-youtube-than-at-x-wow-you-r?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Surprised To Learn Tesla Influencer Earns 50-100 Times More At YouTube Than At X: &#8216;Wow, You Rea</a>
Apple Watch&#8217;s Redesigned ECG Cleared of Patent Infringement
The U.S. Customs and Border Protection ruled that the redesigned Electrocardiography in the Apple Watch does not violate patents held by AliveCor, a medical device company. This decision adds another layer to AliveCor's legal challenges against Apple.
<a href="https://www.benzinga.com/markets/equities/24/07/39786086/apple-watchs-redesigned-ecg-doesnt-infringe-alivecor-patents-rules-us-customs">Read the full article here.</a>
Analyst Questions iPhone 16 Projections
Ming-Chi Kuo, a top analyst at TF Securities, expressed doubts about the expected surge in sales for Apple&#8217;s upcoming iPhone 16 series. Kuo stated that Apple has not ramped up its iPhone 16 orders, contrary to some reports.
<a href="https://www.benzinga.com/news/24/07/39852904/iphone16-projections-questioned-ming-chi-kuo-says-expecting-apple-intelligence-to-drive-sales-may-be">Read the full article here.</a>
Apple Approves First PC Emulator for iPhone and iPad
Apple has approved UTM SE, the first PC emulator for iPhone and iPad. This decision comes after the company initially rejected the app, despite revising its App Store guidelines to allow game emulators.
<a href="https://www.benzinga.com/news/24/07/39765285/want-to-use-windows-linux-or-android-on-your-iphone-you-can-now-do-it-as-apple-approves-first-pc-emu">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39854612/windows-pcs-crash-worldwide-with-users-experiencing-blue-screen-of-death-issue-crowdstrike-updat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Windows PCs Crash Worldwide With Users Experiencing Blue Screen Of Death Issue</a></li>
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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>

Apple Skips TSMC's 2nm Chip For iPhone 17, Unveils First iOS 18 Public Beta And More: This Week In Appleverse

The week has been a whirlwind of political developments, with the spotlight on former President Donald Trump and current President Joe Biden. From Trump&#8217;s controversial VP pick to Biden&#8217;s health concerns, the political landscape is heating up. Let&#8217;s dive into the top stories of the week.
Trump&#8217;s VP Pick Raises Eyebrows
Former President Donald Trump announced Sen. J.D. Vance (R-Ohio) as his running mate, a move that has been met with mixed reactions. Anthony Scaramucci, former White House Communications Director, labeled this as Trump&#8217;s &#8220;first obvious error&#8221; since his nomination. Scaramucci suggested that Trump&#8217;s choice was driven by his desire to keep all credit for his electoral success or failure. <a href="https://www.benzinga.com/news/24/07/39787296/first-obvious-error-by-trump-after-winning-nomination-says-anthony-scaramucci-of-ex-president-picks">Read the full article here.</a>
Marco Rubio&#8217;s Bold Statement on Biden
Sen. Marco Rubio (R-Fla.) has proposed that President Biden should step down from the presidency if he decides not to run for re-election in 2024. Rubio&#8217;s comments come amidst growing concerns about Biden&#8217;s health and increasing pressure from influential Democrats for him to reconsider his re-election bid. <a href="https://www.benzinga.com/news/24/07/39852186/marco-rubio-says-if-biden-drops-out-of-race-he-should-quit-as-president-as-well-theyve-got-to-remove">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/07/39854007/trump-says-he-will-end-the-electric-vehicle-mandate-on-day-one-days-after-tesla-ceo-elon-musks-endor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says He Will &#8216;End The Electric Vehicle Mandate On Day One&#8217; Days After Tesla CEO Elon Musk&#8217;s Endorse</a>
Kim Jong Un&#8217;s Sister&#8217;s Warning to South Korea
Kim Yo Jong, sister of North Korean leader Kim Jong Un, issued a stern warning to South Korea over a new leafleting campaign by its civilians. The move comes amid North Korea&#8217;s retaliation by sending trash-filled balloons across the border. <a href="https://www.benzinga.com/news/24/07/39773674/kim-jong-uns-sister-warns-south-korea-must-be-ready-for-paying-a-very-high-priceover-leafleting-camp">Read the full article here.</a>
Biden&#8217;s Election Odds Despite Poor Debate Performance
Despite a poor debate performance against Trump and a swing in polls favoring the former president, predictive model FiveThirtyEight shows Biden winning the election 53 times out of 100 in its simulations. The model uses polling data, historical trends, and other factors to calculate these odds. <a href="https://www.benzinga.com/general/politics/24/07/39805974/trumps-big-mistake-fivethirtyeight-now-shows-biden-as-favorite-to-win-election-following-j-d-van">Read the full article here.</a>
Scaramucci Criticizes JD Vance&#8217;s Economic Views
Anthony Scaramucci weighed in on Trump's running mate, J.D. Vance, in a recent podcast episode. Scaramucci criticized Vance&#8217;s economic views, stating that his desire to devalue the dollar to boost domestic manufacturing could be disastrous for the U.S. and the world economy. <a href="https://www.benzinga.com/news/24/07/39854646/anthony-scaramucci-says-jd-vances-quest-to-wall-us-off-from-rest-of-world-could-be-an-economic-disas">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/equities/24/07/39831371/chewy-founder-gamestop-ceo-ryan-cohen-posts-trump-665-times-on-elon-musks-x-cryptic-message-has-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chewy Founder, GameStop CEO Ryan Cohen Posts &#8216;TRUMP&#8217; 665 Times On Elon Musk&#8217;s X: Cryptic Message Has Internet Guessing</a>
Image Via Shutterstock

Trump's VP Pick, Kim Jong Un's Sister's Warning To South Korea And More: Top Political Updates This Week

The week was abuzz with major developments in the tech world, with a particular focus on artificial intelligence (AI). From a bold prediction about Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&#8216;s future market cap to calls for a complete overhaul of data center infrastructure, and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) having its &#8220;iPhone moment,&#8221; the stories were as diverse as they were impactful. Let&#8217;s dive into the details.
Nvidia&#8217;s Potential $50 Trillion Worth
James Anderson, an early investor in Tesla Inc. and Amazon.com Inc., predicted that Nvidia could reach a market capitalization of nearly $50 trillion in the next decade. Anderson&#8217;s optimism is based on Nvidia&#8217;s pivotal role in the growing demand for AI chips, which are essential for advanced generative AI models. This demand has driven Nvidia&#8217;s shares up by 168% since the start of the year, pushing its market value above $3 trillion.
<a href="https://www.benzinga.com/markets/equities/24/07/39765205/nvidia-could-be-worth-nearly-50-trillion-in-a-decade-says-early-tesla-amazon-investor-nearly-2x-">Read the full article here.</a>
AI Boom Sparks Infrastructure Redesign
Jacky Liu, President of Taiwan&#8217;s leading data center operator, Chief Telecom, called for a complete redesign of data center infrastructure to support the demands of AI servers. Liu believes that the current infrastructure is inadequate and requires massive upgrades to accommodate the AI boom.
<a href="https://www.benzinga.com/news/24/07/39810790/as-nvidia-microsoft-and-google-lead-ai-boom-taiwans-chief-telecom-president-calls-for-entirely-new-d">Read the full article here.</a>
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Microsoft&#8217;s Trillion-Dollar Tech
Wedbush Securities' Daniel Ives referred to the current era as Microsoft&#8217;s &#8220;iPhone moment.&#8221; As the AI revolution gains momentum, Ives and other analysts predict a significant boost to Microsoft's valuation, potentially adding $1 trillion to its market cap.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39776594/microsofts-iphone-moment-wedbush-analyst-dan-ives-expects-ai-to-add-1-trillion-to-v">Read the full article here.</a>
Tesla and xAI&#8217;s AI Expansion Plans
Elon Musk&#8217;s Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and xAI are seeking networking engineers and technicians, with a focus on Memphis for elite fiber tech roles. Memphis, known for its thriving tech industry, is home to several fiber optic networks, making these roles highly desirable for tech professionals.
<a href="https://www.benzinga.com/markets/equities/24/07/39787744/elon-musks-tesla-and-xai-look-to-hire-networking-engineers-amid-ai-expansion-plans">Read the full article here.</a>
Microsoft Outpaces Apple with AI Tool
Microsoft has launched its AI image generation tool, Microsoft Designer, as a free iOS app, ahead of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). The tool, which was in preview for nearly a year, is now available to all users across multiple platforms.
<a href="https://www.benzinga.com/news/24/07/39830846/microsoft-outpaces-apple-introduces-designer-ai-image-generation-tool-for-the-iphone">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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